Managers / Q3 2019 · view latest →
Landmark Financial Advisors, LLC
CIK 0001641440 · 1131 FAIRVIEW AVENUE, SUITE 203, BOWLING GREEN, KY, 42103 · 270-782-9222
Reported Value
$161M
Q3 2019
Positions
59
Filings on Record
21
2019–present window
Filed
Nov 7, 2019
original filing
Summary
Landmark Financial Advisors, LLC reported $161M in U.S.-listed holdings across 59 positions for Q3 2019.
Its largest position, Flexshares Upstream Natural Resources, represents 12.6% of the portfolio.
Compared with Q2 2019, the fund opened 4 new positions and exited 3.
Portfolio Metrics
Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+71.6%
share of reported value
Largest Position
+12.6%
Flexshares Upstream Natural Resources
New / Exited
4 / 3
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- ETP · 81.4% · $131M
- Common Stock · 18.4% · $30M
- Other · 0.2% · $349,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| Flexshares STOXX Infrastructure Index | NEW | +34.9K | 34.9K | +$2M | $2M |
| Ishares 0-5 Year TIPS Bond | NEW | +3.4K | 3.4K | +$340,000 | $340,000 |
| GABCGerman American Bank | NEW | +8.2K | 8.2K | +$262,000 | $262,000 |
| GOOGLAlphabet Inc. Class A | NEW | +164 | 164 | +$200,000 | $200,000 |
| Citizens First Corp | SOLD OUT | −12.1K | 0 | −$310,000 | $0 |
| Schwab International Small-Cap ETF | SOLD OUT | −7.3K | 0 | −$237,000 | $0 |
| MCDMcDonald's Corp. | SOLD OUT | −1.1K | 0 | −$224,000 | $0 |
| Schwab U.S. REIT ETF | TRIMMED | −24.1K | 37.8K | −$969,000 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019
50 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FlexShares Upstream Natural Resources | MORNSTAR UPSTR | 12.58% | $20M | 649.8K |
| 2 | Vanguard Total Bond Market ETF | TOTAL BND MRKT | 12.03% | $19M | 229.2K |
| 3 | USBU.S. Bancorphistory → | COM NEW | 9.32% | $15M | 270.9K |
| 4 | VGSHVanguard Short-Term Treasuryhistory → | SHORT TERM TREAS | 9.21% | $15M | 243.2K |
| 5 | Vanguard S&P 500 ETF | S&P 500 ETF SHS | 6.63% | $11M | 39.1K |
| 6 | Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | 6.13% | $10M | 244.9K |
| 7 | Vanguard FTSE Developed Markets ETF | FTSE DEV MKT ETF | 5.53% | $9M | 216.4K |
| 8 | SPDR S&P 500 Index | TR UNIT | 4.11% | $7M | 22.3K |
| 9 | Vanguard REIT Index ETF | REAL ESTATE ETF | 3.13% | $5M | 54.1K |
| 10 | Vanguard Small-Cap ETF | SMALL CP ETF | 2.95% | $5M | 30.8K |
| 11 | Vanguard Information Technology ETF | INF TECH ETF | 2.20% | $4M | 16.5K |
| 12 | Schwab International Equity ETF | INTL EQTY ETF | 2.05% | $3M | 103.3K |
| 13 | Schwab U.S. Large-Cap ETF | US LRG CAP ETF | 1.92% | $3M | 43.6K |
| 14 | JPMJP Morgan Chase & Co.history → | COM | 1.57% | $3M | 21.5K |
| 15 | Schwab Short-Term US Treasury | SHT TM US TRES | 1.56% | $3M | 49.6K |
| 16 | Schwab Emerging Markets Equity ETF | EMRG MKTEQ ETF | 1.41% | $2M | 90.2K |
| 17 | Schwab U.S. Aggregate Bond ETF | US AGGREGATE B | 1.24% | $2M | 36.9K |
| 18 | Vanguard Total Stock Market ETF | TOTAL STK MKT | 1.18% | $2M | 12.6K |
| 19 | Flexshares STOXX Infrastructure Index | STOXX GLOBR INF | 1.12% | $2M | 34.9K |
| 20 | Schwab U.S. REIT ETF | US REIT ETF | 1.11% | $2M | 37.8K |
| 21 | AAPLApple Inc.history → | COM | 1.02% | $2M | 7.4K |
| 22 | CINFCincinnati Financial Corp. | COM | 0.98% | $2M | 13.5K |
| 23 | iShares MSCI EAFE Index | MSCI EAFE ETF | 0.84% | $1M | 20.7K |
| 24 | Schwab U.S. Small Cap ETF | US SML CAP ETF | 0.80% | $1M | 18.5K |
| 25 | Vanguard FTSE All-World ex-US ETF | ALLWRLD EX US | 0.73% | $1M | 23.6K |
| 26 | MSFTMicrosoft Corp. | COM | 0.70% | $1M | 8.1K |
| 27 | iShares Russell 2000 Index ETF | RUSSELL 2000 ETF | 0.51% | $817,000 | 5.4K |
| 28 | WMTWal-Mart Stores Inc | COM | 0.48% | $774,000 | 6.5K |
| 29 | Vanguard Small Cap Value ETF | SM CP VAL ETF | 0.44% | $702,000 | 5.5K |
| 30 | Vanguard Short Term Corporate Bond ETF | SHRT TRM CORP BD | 0.37% | $603,000 | 7.5K |
| 31 | CSCOCisco Systems Inc. | COM | 0.34% | $549,000 | 11.1K |
| 32 | ORCLOracle Corporation | COM | 0.33% | $529,000 | 9.6K |
| 33 | MRKMerck & Co Inc | COM | 0.31% | $505,000 | 6.0K |
| 34 | Vanguard Corporate Bond ETF | INT-TERM CORP | 0.31% | $494,000 | 5.4K |
| 35 | ABBVAbbVie Inc. | COM | 0.30% | $479,000 | 6.3K |
| 36 | BACBank Of America Corp | COM | 0.27% | $438,000 | 15.0K |
| 37 | UPSUnited Parcel Service | CL B | 0.27% | $437,000 | 3.7K |
| 38 | EXMOCExxon Mobil Corporation | COM | 0.25% | $400,000 | 5.7K |
| 39 | TAT&T | COM | 0.24% | $380,000 | 10.1K |
| 40 | ABTAbbott Laboratories | COM | 0.23% | $378,000 | 4.5K |
| 41 | INTCIntel Corp | COM | 0.23% | $364,000 | 7.1K |
| 42 | BF/ABrown Forman Class A | CL A | 0.22% | $356,000 | 6.0K |
| 43 | Vanguard All World Small Cap | FTSE SMCAP ETF | 0.22% | $351,000 | 3.4K |
| 44 | CHVChevron Corp. | COM | 0.21% | $343,000 | 2.9K |
| 45 | Ishares 0-5 Year TIPS Bond | 0-5 YR TIPS ETF | 0.21% | $340,000 | 3.4K |
| 46 | Vanguard Mid-Cap ETF | MID CAP ETF | 0.21% | $335,000 | 2.0K |
| 47 | Invesco S&P 500 Equal Weight Technology ETF | S&P500 EQL TEC | 0.20% | $329,000 | 1.8K |
| 48 | MMM3M Company | COM | 0.20% | $315,000 | 1.9K |
| 49 | Vanguard Total International Stock ETF | VG TL INTL STK F | 0.18% | $297,000 | 5.8K |
| 50 | TRVCCitigroup Inc | COM NEW | 0.17% | $277,000 | 4.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2023 | $278M | 91 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $246M | 89 | Oct 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $244M | 90 | Jul 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $228M | 87 | Apr 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $217M | 87 | Jan 23, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $189M | 79 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $203M | 80 | Aug 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $208M | 84 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $225M | 85 | Jan 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $186M | 66 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $209M | 76 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $186M | 67 | May 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $177M | 69 | Feb 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $158M | 60 | Oct 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $153M | 60 | Jul 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $146M | 65 | Apr 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $172M | 65 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $161M | 59 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $163M | 58 | Aug 2, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $152M | 55 | May 2, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $153M | 57 | Feb 5, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.