SEC 13F Intelligence

Managers / Q4 2023

Landmark Financial Advisors, LLC

CIK 0001641440 · 1131 FAIRVIEW AVENUE, SUITE 203, BOWLING GREEN, KY, 42103 · 270-782-9222

Reported Value
$278M
Q4 2023
Positions
91
Filings on Record
21
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Landmark Financial Advisors, LLC reported $278M in U.S.-listed holdings across 91 positions for Q4 2023.

Its largest position, Vanguard Tax Managed Fds, represents 9.5% of the portfolio.

Compared with Q3 2023, the fund opened 4 new positions and exited 2.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+58.2%
share of reported value
Largest Position
+9.5%
Vanguard Tax Managed Fds
New / Exited
4 / 2
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
Q4 ’18: $153MQ4 ’18Q1 ’19: $152MQ2 ’19: $163MQ3 ’19: $161MQ3 ’19Q4 ’19: $172MQ1 ’20: $146MQ2 ’20: $153MQ2 ’20Q3 ’20: $158MQ4 ’20: $177MQ1 ’21: $186MQ1 ’21Q2 ’21: $209MQ3 ’21: $186MQ4 ’21: $225MQ4 ’21Q1 ’22: $208MQ2 ’22: $203MQ3 ’22: $189MQ3 ’22Q4 ’22: $217MQ1 ’23: $228MQ2 ’23: $244MQ2 ’23Q3 ’23: $246MQ4 ’23: $278Mfilingsflow.com

Portfolio Composition

By security type
ETP: 81.0%Common Stock: 18.0%REIT: 0.6%Other: 0.4%
  • ETP · 81.0% · $225M
  • Common Stock · 18.0% · $50M
  • REIT · 0.6% · $2M
  • Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COSTCOSTCO WHSL CORP NEWNEW+385385+$254,185$254,185
NSCNORFOLK SOUTHN CORPNEW+1.0K1.0K+$240,871$240,871
NKENIKE INCNEW+2.0K2.0K+$214,852$214,852
TRVCCITIGROUP INCNEW+4.0K4.0K+$204,753$204,753
GILGILDAN ACTIVEWEAR INCSOLD OUT−37.5K0−$1M$0
PFEPFIZER INCSOLD OUT−7.0K0−$231,394$0
DIMENSIONAL ETF TRUSTADDED+153.0K337.1K+$8M$16M
DIMENSIONAL ETF TRUSTADDED+51.4K176.2K+$1M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FLEXSHARES TRMORNSTAR UPSTR · FLEXSHARES ULTRA · STOXX GLOBR INF · QUALT DIVD IDX · HIG YLD VL ETF19.32%$54M1.07M
2DFAIDIMENSIONAL ETF TRUSTNATL MUN BD ETF · US TARGETED VLU · INTL CORE EQT MK · US HIGH PROFITAB · EMGR CRE EQT MNG16.21%$45M1.16M
3VANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF · EXTEND MKT ETF · SMALL CP ETF · SM CP VAL ETF10.49%$29M143.3K
4VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT9.50%$26M551.3K
5ISHARES TR0-5 YR TIPS ETF · MSCI EAFE ETF6.90%$19M196.8K
6VUSBVANGUARD BD INDEX FDSTOTAL BND MRKT · VANGUARD ULTRA5.18%$14M202.6K
7USBUS BANCORP DELhistory →COM NEW4.12%$11M264.6K
8VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF3.11%$9M210.4K
9SPDR S&P 500 ETF TRTR UNIT2.13%$6M12.4K
10AAPLAPPLE INChistory →COM1.97%$5M28.4K
11VANGUARD WELLINGTON FDSHORT TRM TAX EX1.94%$5M53.1K
12SCHWAB STRATEGIC TRUS LRG CAP ETF · INTL EQTY ETF · US AGGREGATE B1.45%$4M87.8K
13VGSHVANGUARD SCOTTSDALE FDShistory →SHORT TERM TREAS1.43%$4M67.9K
14JPMJPMORGAN CHASE & COhistory →COM1.26%$4M20.6K
15MSFTMICROSOFT CORPhistory →COM1.18%$3M8.7K
16BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.01%$3M7.9K
17VANGUARD WHITEHALL FDSEM MK GOV BD ETF0.92%$3M40.2K
18VANGUARD WORLD FDSINF TECH ETF0.90%$2M5.2K
19CINFCINCINNATI FINL CORPCOM0.65%$2M17.6K
20GOOGLALPHABET INCCAP STK CL A0.60%$2M11.9K
21AMZNAMAZON COM INCCOM0.49%$1M9.0K
22ORCLORACLE CORPCOM0.42%$1M11.0K
23WMTWALMART INCCOM0.40%$1M7.1K
24GABCGERMAN AMERN BANCORP INCCOM0.40%$1M33.9K
25MID-AMER APT CMNTYS INCCOM0.37%$1M7.5K
26ABBVABBVIE INCCOM0.34%$957,8166.2K
27JNJJOHNSON & JOHNSONCOM0.31%$863,4815.5K
28INVESCO EXCHANGE TRADED FD TS&P500 EQL HLT0.28%$776,33526.1K
29CWHCAMPING WORLD HLDGS INCCL A0.28%$768,07929.2K
30MRKMERCK & CO INCCOM0.26%$719,5326.6K
31CHVCHEVRON CORP NEWCOM0.25%$707,3174.7K
32CSCOCISCO SYS INCCOM0.24%$654,80213.0K
33ABTABBOTT LABSCOM0.23%$641,5755.8K
34MDLZMONDELEZ INTL INCCL A0.23%$628,5488.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$278M91Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$246M89Oct 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$244M90Jul 18, 202313F-HRchanges · EDGAR ↗
Q1 2023$228M87Apr 13, 202313F-HRchanges · EDGAR ↗
Q4 2022$217M87Jan 23, 202313F-HRchanges · EDGAR ↗
Q3 2022$189M79Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$203M80Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$208M84May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$225M85Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$186M66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$209M76Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$186M67May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$177M69Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$158M60Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$153M60Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$146M65Apr 22, 202013F-HRchanges · EDGAR ↗
Q4 2019$172M65Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$161M59Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$163M58Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$152M55May 2, 201913F-HRchanges · EDGAR ↗
Q4 2018$153M57Feb 5, 201913F-HRchanges · 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 ↗.