Managers / Q4 2023 · view latest →
Scarborough Advisors, LLC
CIK 0001815355 · 1906 TOWNE CENTRE BLVD, SUITE 260, ANNAPOLIS, MD, 21401 · 4105735700
Summary
Scarborough Advisors, LLC reported $486M in U.S.-listed holdings across 736 positions for Q4 2023.
Its largest position, Schwab Strategic Tr, represents 18.7% of the portfolio.
Compared with Q3 2023, the fund opened 665 new positions and exited 1.
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. 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 · 91.7% · $445M
- Common Stock · 8.0% · $39M
- MLP · 0.1% · $434,619
- Other · 0.1% · $390,611
- REIT · 0.0% · $233,374
- Other · 0.1% · $284,744
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES INC | NEW | +189.5K | 189.5K | +$10M | $10M |
| INVESCO EXCHANGE TRADED FD T | NEW | +68.6K | 68.6K | +$7M | $7M |
| ISHARES TR | NEW | +121.2K | 121.2K | +$5M | $5M |
| ISHARES TR | NEW | +13.6K | 13.6K | +$3M | $3M |
| SPDR SER TR | NEW | +21.9K | 21.9K | +$3M | $3M |
| VANGUARD SCOTTSDALE FDS | NEW | +14.4K | 14.4K | +$888,140 | $888,140 |
| ETENERGY TRANSFER L P | NEW | +26.2K | 26.2K | +$361,933 | $361,933 |
| ISHARES TR | NEW | +3.3K | 3.3K | +$233,458 | $233,458 |
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 | ISHARES TR | ISHS 5-10YR INVT · 20 YR TR BD ETF · EAFE VALUE ETF · MSCI INTL QUALTY · MSCI USA QLT FCT · U.S. TECH ETF · MBS ETF · TRS FLT RT BD · GLOBAL ENERG ETF · SELECT DIVID ETF · FLTG RATE NT ETF · JPMORGAN USD EMG · EAFE GRWTH ETF · S&P 500 GRWT ETF · S&P 100 ETF · US INFRASTRUC | 27.92% | $136M | 2.06M |
| 2 | SCHWAB STRATEGIC TR | US LRG CAP ETF · US SML CAP ETF · US MID-CAP ETF | 21.71% | $105M | 1.87M |
| 3 | VUGVANGUARD INDEX FDShistory → | TOTAL STK MKT · S&P 500 ETF SHS · GROWTH ETF | 14.88% | $72M | 254.1K |
| 4 | SPDR SER TR | RUSSELL LOW VOL · PORTFOLIO S&P600 · PORTFOLIO S&P500 · AEROSPACE DEF · PORTFOLIO S&P400 · PRTFLO S&P500 GW | 7.60% | $37M | 560.3K |
| 5 | FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF · FIRST TR ENH NEW | 3.70% | $18M | 235.7K |
| 6 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 2.72% | $13M | 275.3K |
| 7 | ISHARES INC | MSCI EMRG CHN | 2.16% | $10M | 189.5K |
| 8 | J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 1.77% | $9M | 179.9K |
| 9 | MSFTMICROSOFT CORPhistory → | COM | 1.73% | $8M | 22.3K |
| 10 | INVESCO EXCH TRADED FD TR II | S&P EMRNG MKTS | 1.64% | $8M | 332.0K |
| 11 | INVESCO EXCHANGE TRADED FD T | S&P 500 GARP ETF | 1.39% | $7M | 68.6K |
| 12 | XLESELECT SECTOR SPDR TRhistory → | ENERGY | 1.37% | $7M | 79.6K |
| 13 | MDYSPDR S&P MIDCAP 400 ETF TRhistory → | UTSER1 S&PDCRP | 1.21% | $6M | 11.5K |
| 14 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 1.03% | $5M | 26.2K |
| 15 | PGPROCTER AND GAMBLE CO | COM | 0.77% | $4M | 25.7K |
| 16 | AAPLAPPLE INC | COM | 0.68% | $3M | 17.2K |
| 17 | LMTLOCKHEED MARTIN CORP | COM | 0.63% | $3M | 6.7K |
| 18 | DHRDANAHER CORPORATION | COM | 0.39% | $2M | 8.3K |
| 19 | PIMCO ETF TR | ENHAN SHRT MA AC | 0.37% | $2M | 18.0K |
| 20 | AMZNAMAZON COM INC | COM | 0.36% | $2M | 11.5K |
| 21 | LATTICE STRATEGIES TR | HARTFRD EMRG ETF | 0.28% | $1M | 60.0K |
| 22 | NVDANVIDIA CORPORATION | COM | 0.19% | $927,640 | 1.9K |
| 23 | VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 0.18% | $888,140 | 14.4K |
| 24 | TMOTHERMO FISHER SCIENTIFIC INC | COM | 0.17% | $845,548 | 1.6K |
| 25 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.16% | $776,811 | 1.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $914M | 762 | May 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $592M | 463 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $504M | 468 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $702M | 118 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $708M | 110 | Jan 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $619M | 89 | Oct 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $243M | 456 | Aug 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $216M | 420 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $486M | 736 | Feb 29, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2023 | $412M | 72 | Nov 30, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2022 | $373M | 52 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $321M | 54 | Nov 14, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2022 | $293M | 55 | Aug 9, 2022 | 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 ↗.