SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Roble, Belko & Company, Inc

CIK 0001642305 · 1603 CARMODY COURT, SUITE 401, SEWICKLEY, PA, 15143 · 724-935-4990

Reported Value
$470M
Q4 2022
Positions
344
Filings on Record
30
2019–present window
Filed
Feb 8, 2023
original filing

Summary

Roble, Belko & Company, Inc reported $470M in U.S.-listed holdings across 344 positions for Q4 2022.

The portfolio is heavily concentrated: VTI alone accounts for 20.6% of reported value.

Compared with Q3 2022, the fund opened 18 new positions and exited 16.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+79.9%
share of reported value
Largest Position
+20.6%
Vanguard Index Fds
New / Exited
18 / 16
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $261MQ4 ’18Q1 ’19: $292MQ2 ’19: $323MQ3 ’19: $341MQ4 ’19: $361MQ4 ’19Q1 ’20: $309MQ2 ’20: $334MQ3 ’20: $341MQ4 ’20: $384MQ4 ’20Q1 ’21: $415MQ2 ’21: $442MQ3 ’21: $486MQ4 ’21: $532MQ4 ’21Q1 ’22: $526MQ2 ’22: $440MQ3 ’22: $412MQ4 ’22: $470MQ4 ’22Q1 ’23: $489MQ2 ’23: $504MQ3 ’23: $489MQ4 ’23: $532MQ4 ’23Q1 ’24: $583MQ2 ’24: $597MQ3 ’24: $634MQ4 ’24: $629MQ4 ’24Q1 ’25: $627MQ2 ’25: $687MQ3 ’25: $738MQ4 ’25: $763MQ4 ’25Q1 ’26: $787Mfilingsflow.com

Portfolio Composition

By security type
ETP: 91.9%Common Stock: 5.4%REIT: 2.4%Closed-End Fund: 0.1%Other: 0.1%ADR: 0.0%
  • ETP · 91.9% · $432M
  • Common Stock · 5.4% · $26M
  • REIT · 2.4% · $11M
  • Closed-End Fund · 0.1% · $697,000
  • Other · 0.1% · $453,000
  • ADR · 0.0% · $221,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BNDVANGUARD BD INDEX FDSNEW+152.3K152.3K+$11M$11M
PDBCINVESCO ACTVELY MNGD ETC FDNEW+489.8K489.8K+$7M$7M
SHVISHARES TRNEW+7.0K7.0K+$773,000$773,000
VIOOVANGUARD ADMIRAL FDS INCNEW+734734+$127,000$127,000
IEFISHARES TRNEW+1.2K1.2K+$112,000$112,000
LOWLOWES COS INCNEW+206206+$41,000$41,000
AXONAXON ENTERPRISE INCNEW+200200+$33,000$33,000
EZUISHARES INCNEW+738738+$29,000$29,000

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

Holdings — Q4 2022

260 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSETF20.64%$97M594.4K
2IWFISHARES TRETF15.38%$72M822.2K
3VEUVANGUARD INTL EQUITY INDEX FETF7.76%$36M782.6K
4VYMVANGUARD WHITEHALL FDSETF6.74%$32M362.8K
5VXUSVANGUARD STAR FDShistory →ETF6.56%$31M596.5K
6VEAVANGUARD TAX-MANAGED FDShistory →ETF5.51%$26M617.9K
7SDYSPDR SER TRETF5.06%$24M244.0K
8SCHBSCHWAB STRATEGIC TRETF4.62%$22M557.9K
9BNDVANGUARD BD INDEX FDSETF4.11%$19M322.9K
10SPYSPDR S&P 500 ETF TRhistory →ETF3.52%$17M43.3K
11XLKSELECT SECTOR SPDR TRETF3.35%$16M130.2K
12VGITVANGUARD SCOTTSDALE FDSETF2.78%$13M223.3K
13VTIPVANGUARD MALVERN FDShistory →ETF1.92%$9M193.2K
14TJXTJX COS INC NEWhistory →COM1.69%$8M100.1K
15PDBCINVESCO ACTVELY MNGD ETC FDhistory →ETF1.54%$7M489.8K
16KREFKKR REAL ESTATE FIN TR INCCOM0.84%$4M284.2K
17BXMTBLACKSTONE MTG TR INCCOM0.80%$4M177.2K
18NEARISHARES U S ETF TRETF0.62%$3M59.5K
19JPSTJ P MORGAN EXCHANGE TRADED FETF0.52%$2M48.5K
20MINTPIMCO ETF TRETF0.45%$2M21.4K
21ARIAPOLLO COML REAL EST FIN INCCOM0.35%$2M152.8K
22MSFTMICROSOFT CORPCOM0.34%$2M6.8K
23ACREARES COML REAL ESTATE CORPCOM0.31%$1M143.2K
24IEMGISHARES INCETF0.31%$1M31.6K
25AAPLAPPLE INCCOM0.27%$1M9.7K
26MCDMCDONALDS CORPCOM0.20%$957,0003.6K
27PFEPFIZER INCCOM0.19%$914,00017.8K
28WMWASTE MGMT INC DELCOM0.17%$789,0005.0K
29UPSUNITED PARCEL SERVICE INCCOM0.13%$597,0003.4K
30EXMOCEXXON MOBIL CORPCOM0.13%$588,0005.3K
31QQQINVESCO QQQ TRETF0.12%$576,0002.2K
32MRKMERCK & CO INCCOM0.12%$551,0005.0K
33NEENEXTERA ENERGY INCCOM0.12%$543,0006.5K
34MRSHMARSH & MCLENNAN COS INCCOM0.11%$509,0003.1K
35BDJBLACKROCK ENHANCED EQUITY DICOM0.10%$487,00054.0K
36DUKDUKE ENERGY CORP NEWCOM0.10%$449,0004.4K
37MDYSPDR S&P MIDCAP 400 ETF TRETF0.09%$440,000994
38DFIVDIMENSIONAL ETF TRUSTETF0.09%$413,00016.2K
39BRK/BBERKSHIRE HATHAWAY INC DELCOM0.09%$406,0001.3K
40GOOGALPHABET INCCOM0.08%$389,0004.4K
41AMZNAMAZON COM INCCOM0.07%$311,0003.7K
42JNJJOHNSON & JOHNSONCOM0.07%$309,0001.7K
43IVOOVANGUARD ADMIRAL FDS INCETF0.07%$306,0001.8K
44ORCLORACLE CORPCOM0.06%$302,0003.7K
45SKTTANGER FACTORY OUTLET CTRS ICOM0.06%$287,00016.0K
46SPDWSPDR INDEX SHS FDSETF0.06%$282,0009.2K
47CVSCVS HEALTH CORPCOM0.06%$280,0003.0K
48ACNACCENTURE PLC IRELANDCOM0.05%$250,000937
49PGPROCTER AND GAMBLE COCOM0.05%$249,0001.6K
50AJGGALLAGHER ARTHUR J & COCOM0.05%$245,0001.3K
51IBMINTERNATIONAL BUSINESS MACHSCOM0.05%$241,0001.7K
52ENBENBRIDGE INCCOM0.05%$230,0005.9K
53ADPAUTOMATIC DATA PROCESSING INCOM0.05%$216,000906
54VDEVANGUARD WORLD FDSETF0.04%$204,0001.5K
55QCOMQUALCOMM INCCOM0.04%$203,0001.8K
56JPMJPMORGAN CHASE & COCOM0.04%$202,0001.5K
57CSCOCISCO SYS INCCOM0.04%$197,0004.1K
58CCITIGROUP INCCOM0.04%$181,0004.0K
59CTVACORTEVA INCCOM0.04%$176,0003.0K
60MGCVANGUARD WORLD FDETF0.04%$166,0002.0K
61HEI/AHEICO CORP NEWCOM0.03%$163,0001.4K
62PMPHILIP MORRIS INTL INCCOM0.03%$142,0001.4K
63GLWCORNING INCCOM0.03%$141,0004.4K
64QQQJINVESCO EXCH TRADED FD TR IIETF0.03%$140,0003.0K
65FDXFEDEX CORPCOM0.03%$139,000800
66VIGVANGUARD SPECIALIZED FUNDSETF0.03%$134,000880
67MOALTRIA GROUP INCCOM0.03%$134,0002.9K
68MAMASTERCARD INCORPORATEDCOM0.03%$133,000383
69LULULULULEMON ATHLETICA INCCOM0.03%$130,000407
70MSMORGAN STANLEYCOM0.03%$124,0001.5K
71NOWSERVICENOW INCCOM0.02%$116,000299
72PEPPEPSICO INCCOM0.02%$108,000600
73SRESEMPRACOM0.02%$107,000691
74VRTXVERTEX PHARMACEUTICALS INCCOM0.02%$99,000342
75PNCPNC FINL SVCS GROUP INCCOM0.02%$95,000602
76MMM3M COCOM0.02%$87,000725
77STLDSTEEL DYNAMICS INCCOM0.02%$86,000883
78GMGENERAL MTRS COCOM0.02%$84,0002.5K
79HDHOME DEPOT INCCOM0.02%$83,000264
80NUENUCOR CORPCOM0.02%$78,000595
81UNHUNITEDHEALTH GROUP INCCOM0.02%$77,000146
82ABBVABBVIE INCCOM0.02%$77,000474
83TROWPRICE T ROWE GROUP INCCOM0.02%$72,000660
84AIVLWISDOMTREE TRETF0.02%$71,000768
85TMOTHERMO FISHER SCIENTIFIC INCCOM0.01%$67,000121
86VVISA INCCOM0.01%$65,000311
87SLBSCHLUMBERGER LTDCOM0.01%$64,0001.2K
88BABOEING COCOM0.01%$61,000323
89ETSYETSY INCCOM0.01%$60,000500
90TSLATESLA INCCOM0.01%$57,000462
91AZNNASTRAZENECA PLCADR0.01%$57,000834
92UNPUNION PAC CORPCOM0.01%$55,000264
93METAMETA PLATFORMS INCCOM0.01%$53,000440
94GSLCGOLDMAN SACHS ETF TRETF0.01%$52,000677
95FSTRFOSTER L B COCOM0.01%$48,0005.0K
96ETNEATON CORP PLCCOM0.01%$47,000300
97DOWDOW INCCOM0.01%$46,000916
98NVSNOVARTIS AGADR0.01%$46,000505
99PPGPPG INDS INCCOM0.01%$44,000350
100WPCWP CAREY INCCOM0.01%$44,000559

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$787M487Apr 16, 202613F-HRchanges · EDGAR ↗
Q4 2025$763M502Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$738M471Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$687M463Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$627M443May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$629M420Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$634M401Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$597M378Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$583M358Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$532M358Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$489M327Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$504M321Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$489M320May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$470M344Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$412M342Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$440M339Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$526M389May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$532M366Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$486M340Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$442M350Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$415M343May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$384M325Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$341M330Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$334M324Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$309M334May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$361M341Jan 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$341M341Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$323M351Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$292M320May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$261M319Feb 13, 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 ↗.