Managers / Q4 2023 · view latest →
Goodwin Investment Advisory
CIK 0001803294 · 238 RIVER PARK N. DR., WOODSTOCK, GA, 30188 · 6787412370
Summary
Goodwin Investment Advisory reported $192M in U.S.-listed holdings across 69 positions for Q4 2023.
The portfolio is heavily concentrated: FBCG alone accounts for 50.8% of reported value.
Compared with Q3 2023, the fund opened 3 new positions and exited 15.
Portfolio Metrics
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
Portfolio Composition
- ETP · 98.4% · $189M
- Common Stock · 1.6% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SCHPSCHWAB STRATEGIC TR | NEW | +99.8K | 99.8K | +$5M | $5M |
| IVWISHARES TR | NEW | +391 | 391 | +$29,364 | $29,364 |
| IWMISHARES TR | NEW | +63 | 63 | +$12,645 | $12,645 |
| VBKVANGUARD INDEX FDS | ADDED | +7.9K | 8.6K | +$2M | $2M |
| MUNIPIMCO ETF TR | ADDED | +79.4K | 97.3K | +$4M | $5M |
| IWNISHARES TR | ADDED | +3.3K | 6.1K | +$566,149 | $941,982 |
| HYMBSPDR SER TR | SOLD OUT | −51.0K | 0 | −$1M | $0 |
| USMVISHARES TR | SOLD OUT | −6.0K | 0 | −$435,221 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FBCGFIDELITY COVINGTON TRUST | BLUE CHIP GRWTH · VLU FACTOR ETF | 50.80% | $98M | 2.51M |
| 2 | IWRISHARES TR | RUS MID CAP ETF · ESG AWR MSCI USA · CORE S&P500 ETF · CRE U S REIT ETF · RUS 2000 VAL ETF · CORE S&P SCP ETF · S&P SML 600 GWT · MSCI KLD400 SOC · ESG MSCI USA ETF · S&P 500 VAL ETF · MSCI USA VALUE · MSCI INTL VLU FT · ESG EAFE ETF · GLOBAL TECH ETF · EAFE GRWTH ETF · CORE MSCI TOTAL · CORE S&P MCP ETF · U.S. ENERGY ETF · ESG AWRE USD ETF · MSCI USA QLT FCT · MSCI EMG MKT ETF · EAFE VALUE ETF · MBS ETF · SHRT NAT MUN ETF · RUS 1000 ETF · MSCI USA SZE FT · CORE S&P TTL STK · USD INV GRDE ETF · S&P 500 GRWT ETF · ESG ADV TTL USD · CORE MSCI EAFE · MSCI USA ESG SLC · 10-20 YR TRS ETF · EAFE SML CP ETF · US HLTHCARE ETF · RUSSELL 2000 ETF · NORTH AMERN NAT · JPMORGAN USD EMG · RUSEL 2500 ETF · U.S. FIN SVC ETF · TIPS BD ETF · ESG AW MSCI EAFE · CORE US AGGBD ET · EXPND TEC SC ETF · U.S. MED DVC ETF | 16.14% | $31M | 359.7K |
| 3 | FBNDFIDELITY MERRIMACK STR TRhistory → | TOTAL BD ETF | 12.85% | $25M | 536.6K |
| 4 | VBRVANGUARD INDEX FDS | SM CP VAL ETF · S&P 500 ETF SHS · SML CP GRW ETF · GROWTH ETF · MID CAP ETF · TOTAL STK MKT · VALUE ETF · SMALL CP ETF | 9.40% | $18M | 81.2K |
| 5 | SCHPSCHWAB STRATEGIC TRhistory → | US TIPS ETF | 2.71% | $5M | 99.8K |
| 6 | MUNIPIMCO ETF TR | INTER MUN BD ACT · BROAD US TIPS | 2.67% | $5M | 97.3K |
| 7 | ITMVANECK ETF TRUSThistory → | INTRMDT MUNI ETF | 1.55% | $3M | 63.5K |
| 8 | XLGINVESCO EXCHANGE TRADED FD T | S&P 500 TOP 50 | 0.90% | $2M | 46.1K |
| 9 | SIGISELECTIVE INS GROUP INC | COM | 0.86% | $2M | 16.7K |
| 10 | JVALJ P MORGAN EXCHANGE TRADED F | US VALUE FACTR | 0.55% | $1M | 27.3K |
| 11 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.43% | $822,820 | 16.1K |
| 12 | BLACKROCK ETF TRUST | US CARBON TRANS · WORLD EX US CARB | 0.39% | $748,286 | 14.7K |
| 13 | BNYBANK NEW YORK MELLON CORP | COM | 0.31% | $590,455 | 11.3K |
| 14 | AAPLAPPLE INC | COM | 0.23% | $441,633 | 2.3K |
| 15 | HDHOME DEPOT INC | COM | 0.21% | $408,773 | 1.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $84M | 212 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $91M | 224 | Feb 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $93M | 229 | Nov 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $87M | 214 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $64M | 155 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $191M | 39 | Feb 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $231M | 35 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $218M | 34 | Aug 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $212M | 47 | May 13, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2023 | $192M | 69 | Jan 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $169M | 81 | Nov 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $171M | 83 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $153M | 79 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $141M | 218 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $132M | 223 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $130M | 9,601 | Aug 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $146M | 9,453 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $134M | 8,394 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $103M | 6,567 | Nov 1, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $92M | 5,918 | Jul 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $85M | 6,150 | May 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $82M | 4,680 | Jan 20, 2021 | 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 ↗.