Managers / Q4 2022 · view latest →
Bridge Advisory, LLC
CIK 0001847956 · 123 SOUTH MARENGO AVE., SUITE 200, PASADENA, CA, 91101 · 6267953062
Reported Value
$240M
Q4 2022
Positions
126
Filings on Record
17
2019–present window
Filed
Jan 17, 2023
original filing
Summary
Bridge Advisory, LLC reported $240M in U.S.-listed holdings across 126 positions for Q4 2022.
The portfolio is heavily concentrated: TLH alone accounts for 26.2% of reported value.
Compared with Q3 2022, the fund opened 19 new positions and exited 10.
Portfolio Metrics
Turnover
+9.2%
vs prior filed quarter
Top-10 Concentration
+67.3%
share of reported value
Largest Position
+26.2%
Ishares Tr
New / Exited
19 / 10
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
Portfolio Composition
By security type
- ETP · 78.9% · $189M
- Closed-End Fund · 12.6% · $30M
- Common Stock · 8.2% · $20M
- Other · 0.2% · $446,178
- ADR · 0.1% · $202,532
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ANGEL OAK FUNDS TRUST | NEW | +535.3K | 535.3K | +$11M | $11M |
| WISDOMTREE TR | NEW | +155.8K | 155.8K | +$8M | $8M |
| J P MORGAN EXCHANGE TRADED F | NEW | +54.5K | 54.5K | +$3M | $3M |
| ISHARES TR | NEW | +23.9K | 23.9K | +$3M | $3M |
| SCHWAB STRATEGIC TR | NEW | +40.6K | 40.6K | +$2M | $2M |
| XLESELECT SECTOR SPDR TR | NEW | +9.8K | 9.8K | +$855,879 | $855,879 |
| ISHARES TR | NEW | +7.6K | 7.6K | +$732,448 | $732,448 |
| AMERICAN CENTY ETF TR | NEW | +9.5K | 9.5K | +$435,006 | $435,006 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
73 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TLHISHARES TR | TIPS BD ETF · 10-20 YR TRS ETF · 3 7 YR TREAS BD · AGENCY BOND ETF · 1 3 YR TREAS BD · SHORT TREAS BD · CORE S&P MCP ETF · CORE INTL AGGR · CORE S&P500 ETF · 7-10 YR TRSY BD · ISHARES BIOTECH · RUS 1000 VAL ETF · MSCI EMG MKT ETF · FLTG RATE NT ETF · MSCI INTL SML CP | 26.24% | $63M | 603.0K |
| 2 | SPDR SER TR | PORTFLI TIPS ETF · PORTFOLIO LN TSR · BLOOMBERG 1 10 Y · S&P METALS MNG · PORT MTG BK ETF · PRTFLO S&P500 VL | 7.78% | $19M | 704.9K |
| 3 | VANECK ETF TRUST | GOLD MINERS ETF · JUNIOR GOLD MINE · RARE EARTH/STRTG | 4.97% | $12M | 367.2K |
| 4 | SPROTT PHYSICAL GOLD TR | UNIT | 4.90% | $12M | 832.2K |
| 5 | ANGEL OAK FUNDS TRUST | INCOME ETF | 4.49% | $11M | 535.3K |
| 6 | WISDOMTREE TR | FLOATNG RAT TREA · GLB US QTLY DIV · US MIDCAP DIVID · US QTLY DIV GRT · YIELD ENHANCD US | 4.43% | $11M | 229.6K |
| 7 | DFAUDIMENSIONAL ETF TRUST | US CORE EQT MKT · SHORT DURATION F · INFLATION PROTE · CORE FIXED INCOM · INTL CORE EQT MK · US REAL ESTATE E · EMGR CRE EQT MNG | 3.96% | $9M | 291.6K |
| 8 | VANGUARD WORLD FD | EXTENDED DUR | 3.88% | $9M | 112.3K |
| 9 | AMERICAN CENTY ETF TR | US LARGE CAP VLU · US EQT ETF · US SML CP VALU · INTL EQT ETF · AVANTIS CORE FI · AVANTIS SHFXDINC | 3.32% | $8M | 140.2K |
| 10 | PIMCO ETF TR | 25YR+ ZERO U S · ENHAN SHRT MA AC · 15+ YR US TIPS | 3.31% | $8M | 97.1K |
| 11 | PCNPIMCO CORPORATE & INCM STRGhistory → | COM | 2.58% | $6M | 521.3K |
| 12 | AAPLAPPLE INChistory → | COM | 2.27% | $5M | 41.9K |
| 13 | PDTHANCOCK JOHN PREM DIVID FDhistory → | COM SH BEN INT | 2.20% | $5M | 407.5K |
| 14 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC · EQUITY PREMIUM | 1.82% | $4M | 84.2K |
| 15 | INVESCO EXCH TRADED FD TR II | S&P GBL WATER · S&P SMALLCAP 600 · FTSE RAFI SML | 1.67% | $4M | 79.6K |
| 16 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL MAT · S&P SMCP VLU MNT · S&P MDCP VLU MNT · S&P SML 600 EQ · S&P MDCP400 VL | 1.57% | $4M | 52.1K |
| 17 | SCHWAB STRATEGIC TR | SHT TM US TRES · INT-TRM U.S TRES · US DIVIDEND EQ | 1.42% | $3M | 67.3K |
| 18 | QQQXNUVEEN NASDAQ 100 DYNAMIC OVhistory → | COM SHS | 1.32% | $3M | 154.9K |
| 19 | PACER FDS TR | US CASH COWS 100 · PACER US SMALL | 1.29% | $3M | 75.1K |
| 20 | ERHALLSPRING UTILITIES AND HIGHhistory → | WF UTILITIES INC | 1.29% | $3M | 275.5K |
| 21 | FIRST TR EXCHANGE TRADED FD | WTR ETF · NASDAQ CYB ETF | 1.12% | $3M | 44.8K |
| 22 | VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 0.78% | $2M | 41.2K |
| 23 | SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 0.77% | $2M | 56.2K |
| 24 | DBCINVESCO DB COMMDY INDX TRCK | UNIT | 0.75% | $2M | 73.3K |
| 25 | INVESCO DB MULTI-SECTOR COMM | ENERGY FD | 0.73% | $2M | 77.1K |
| 26 | ISHARES INC | MSCI GBL MIN VOL · MSCI EM ASIA ETF | 0.61% | $1M | 17.7K |
| 27 | VANGUARD MALVERN FDS | STRM INFPROIDX | 0.55% | $1M | 28.0K |
| 28 | NOCNORTHROP GRUMMAN CORP | COM | 0.49% | $1M | 2.2K |
| 29 | XLESELECT SECTOR SPDR TR | ENERGY · SBI INT-UTILS | 0.48% | $1M | 14.1K |
| 30 | EXMOCEXXON MOBIL CORP | COM | 0.47% | $1M | 10.1K |
| 31 | SPROTT ETF TRUST | GOLD MINERS ETF | 0.44% | $1M | 42.7K |
| 32 | VANGUARD WORLD FDS | HEALTH CAR ETF | 0.44% | $1M | 4.2K |
| 33 | MSFTMICROSOFT CORP | COM | 0.43% | $1M | 4.3K |
| 34 | CGGRUSDCAPITAL GROUP GROWTH ETF | SHS CREATION UNI | 0.42% | $1M | 50.3K |
| 35 | INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 0.41% | $976,251 | 66.1K |
| 36 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.36% | $858,553 | 9.7K |
| 37 | BRK/ABERKSHIRE HATHAWAY INC DEL | CL A · CL B NEW | 0.35% | $843,716 | 1.2K |
| 38 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.35% | $826,685 | 11.5K |
| 39 | HDHOME DEPOT INC | COM | 0.33% | $791,755 | 2.5K |
| 40 | DISDISNEY WALT CO | COM | 0.32% | $766,705 | 8.8K |
| 41 | RBB FD INC | MOTLEY FOL ETF | 0.29% | $688,051 | 22.6K |
| 42 | COSTCOSTCO WHSL CORP NEW | COM | 0.27% | $644,367 | 1.4K |
| 43 | GQ9SPDR GOLD TR | GOLD SHS | 0.25% | $591,026 | 3.5K |
| 44 | SPROTT PHYSICAL SILVER TR | TR UNIT | 0.25% | $590,454 | 71.7K |
| 45 | FISVFISERV INC | COM | 0.22% | $525,564 | 5.2K |
| 46 | AMZNAMAZON COM INC | COM | 0.21% | $502,404 | 6.0K |
| 47 | NFLXNETFLIX INC | COM | 0.21% | $492,155 | 1.7K |
| 48 | ORCLORACLE CORP | COM | 0.19% | $465,918 | 5.7K |
| 49 | LOWLOWES COS INC | COM | 0.19% | $454,466 | 2.3K |
| 50 | BABOEING CO | COM | 0.18% | $430,863 | 2.3K |
| 51 | CAPITAL GROUP INTL FOCUS EQT | SHS CREATION UNI | 0.17% | $415,402 | 19.9K |
| 52 | TSLATESLA INC | COM | 0.17% | $402,675 | 3.3K |
| 53 | ALPS ETF TR | ALERIAN ENERGY | 0.16% | $384,143 | 18.2K |
| 54 | JPMJPMORGAN CHASE & CO | COM | 0.16% | $383,978 | 2.9K |
| 55 | ROKROCKWELL AUTOMATION INC | COM | 0.15% | $369,871 | 1.4K |
| 56 | ARCCARES CAPITAL CORP | COM | 0.13% | $309,872 | 16.8K |
| 57 | BSXBOSTON SCIENTIFIC CORP | COM | 0.12% | $281,923 | 6.1K |
| 58 | CHVCHEVRON CORP NEW | COM | 0.12% | $279,198 | 1.6K |
| 59 | BACBANK AMERICA CORP | COM | 0.11% | $257,344 | 7.8K |
| 60 | MRKMERCK & CO INC | COM | 0.11% | $256,148 | 2.3K |
| 61 | UNHUNITEDHEALTH GROUP INC | COM | 0.11% | $252,896 | 477 |
| 62 | ETF MANAGERS TR | PRIME CYBR SCRTY | 0.10% | $250,080 | 5.7K |
| 63 | NVDANVIDIA CORPORATION | COM | 0.10% | $244,206 | 1.7K |
| 64 | WMTWALMART INC | COM | 0.10% | $242,506 | 1.7K |
| 65 | EIXEDISON INTL | COM | 0.10% | $239,661 | 3.8K |
| 66 | JNJJOHNSON & JOHNSON | COM | 0.10% | $238,709 | 1.4K |
| 67 | VANGUARD INDEX FDS | REAL ESTATE ETF | 0.10% | $233,699 | 2.8K |
| 68 | MCDMCDONALDS CORP | COM | 0.09% | $218,809 | 830 |
| 69 | CEMEX SAB DE CV | SPON ADR NEW | 0.08% | $202,532 | 50.0K |
| 70 | SNAPSNAP INC | CL A | 0.08% | $191,995 | 21.5K |
| 71 | PTYPIMCO CORPORATE & INCOME OPP | COM | 0.07% | $179,658 | 15.0K |
| 72 | IVEDA SOLUTIONS INC | COM NEW | 0.01% | $13,875 | 25.0K |
| 73 | SIENUSDSIENTRA INC | COM | 0.00% | $6,554 | 32.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2024 | $210M | 99 | Oct 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $203M | 97 | Jul 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $202M | 101 | Apr 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $199M | 107 | Jan 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $285M | 145 | Oct 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $273M | 131 | Jul 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $259M | 124 | Apr 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $240M | 126 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $205M | 117 | Oct 17, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $208M | 117 | Jul 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $229M | 95 | Apr 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $221M | 97 | Jan 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $203M | 84 | Oct 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $196M | 87 | Aug 30, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2021 | $161M | 74 | May 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $212M | 79 | Feb 26, 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 ↗.