SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Clifford Group, LLC

CIK 0001965522 · 321 COMMONWEALTH ROAD, SUITE 103, WAYLAND, MA, 01778 · 6176002083

Reported Value
$93M
Q2 2023
Positions
71
Filings on Record
14
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Clifford Group, LLC reported $93M in U.S.-listed holdings across 71 positions for Q2 2023.

Its largest position, Vanguard Index Fds, represents 18.8% of the portfolio.

Compared with Q1 2023, the fund opened 6 new positions and exited 1.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+60.5%
share of reported value
Largest Position
+18.8%
Vanguard Index Fds
New / Exited
6 / 1
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 ’22: $80MQ4 ’22Q1 ’23: $82MQ2 ’23: $93MQ2 ’23Q3 ’23: $92MQ4 ’23: $108MQ4 ’23Q1 ’24: $121MQ2 ’24: $124MQ2 ’24Q3 ’24: $129MQ4 ’24: $131MQ4 ’24Q1 ’25: $107MQ2 ’25: $122MQ2 ’25Q3 ’25: $128MQ4 ’25: $129MQ4 ’25Q1 ’26: $130Mfilingsflow.com

Portfolio Composition

By security type
ETP: 68.5%Common Stock: 28.4%Other: 1.9%REIT: 0.6%ADR: 0.6%
  • ETP · 68.5% · $64M
  • Common Stock · 28.4% · $26M
  • Other · 1.9% · $2M
  • REIT · 0.6% · $582,793
  • ADR · 0.6% · $534,270

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PEPPEPSICO INCNEW+3.3K3.3K+$607,524$607,524
TSLATESLA INCNEW+1.0K1.0K+$274,597$274,597
LLYLILLY ELI & CONEW+485485+$227,455$227,455
GSGOLDMAN SACHS GROUP INCNEW+674674+$217,392$217,392
SPDR S&P 500 ETF TRNEW+490490+$217,283$217,283
CRMSALESFORCE INCNEW+957957+$202,176$202,176
AVYAVERY DENNISON CORPSOLD OUT−2.5K0−$440,060$0
VANGUARD INDEX FDSADDED+2.9K6.9K+$461,509$1M

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

Holdings — Q2 2023

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF · EXTEND MKT ETF21.27%$20M65.5K
2SCHWAB STRATEGIC TRUS DIVIDEND EQ16.79%$16M215.2K
3ISHARES TREAFE VALUE ETF · NATIONAL MUN ETF · RUS 1000 GRW ETF · US TREAS BD ETF · RUS 1000 VAL ETF · MSCI USA MIN VOL · US INFRASTRUC16.40%$15M243.8K
4INVESCO EXCH TRADED FD TR IIS&P EMRNG MKTS3.98%$4M157.5K
5SPDR SER TRNUVEEN BLMBRG SH · PORTFOLIO LN TSR3.35%$3M77.5K
6VANGUARD WORLD FDSINF TECH ETF2.79%$3M5.9K
7MSFTMICROSOFT CORPhistory →COM2.22%$2M6.1K
8AAPLAPPLE INChistory →COM2.10%$2M10.1K
9VANGUARD SCOTTSDALE FDSMTG-BKD SECS ETF1.81%$2M36.7K
10AMZNAMAZON COM INChistory →COM1.24%$1M8.8K
11GOOGLALPHABET INChistory →CAP STK CL A1.14%$1M8.9K
12JPMJPMORGAN CHASE & COhistory →COM1.09%$1M6.9K
13SELECT SECTOR SPDR TRSBI HEALTHCARE0.99%$919,5536.9K
14NVDANVIDIA CORPORATIONCOM0.99%$917,5302.2K
15ADPAUTOMATIC DATA PROCESSING INCOM0.95%$887,7324.0K
16UNPUNION PAC CORPCOM0.80%$747,0003.7K
17PGPROCTER AND GAMBLE COCOM0.79%$739,8994.9K
18ACCENTURE PLC IRELANDSHS CLASS A0.77%$719,3822.3K
19HDHOME DEPOT INCCOM0.77%$716,2232.3K
20UNHUNITEDHEALTH GROUP INCCOM0.76%$709,9411.5K
21NSPINSPERITY INCCOM0.76%$707,0985.9K
22CSCOCISCO SYS INCCOM0.72%$672,73813.0K
23ABGAMERISOURCEBERGEN CORPCOM0.69%$641,8973.3K
24ABTABBOTT LABSCOM0.68%$635,4595.8K
25AJGGALLAGHER ARTHUR J & COCOM0.67%$627,2012.9K
26METAMETA PLATFORMS INCCL A0.67%$621,3122.2K
27PEPPEPSICO INCCOM0.65%$607,5243.3K
28DYHTARGET CORPCOM0.64%$597,2744.5K
29TE CONNECTIVITY LTDSHS0.63%$587,7044.2K
30DWDMORGAN STANLEYCOM NEW0.63%$586,8386.9K
31HLIHOULIHAN LOKEY INCCL A0.63%$582,9775.9K
32PLDPROLOGIS INC.COM0.63%$582,7934.8K
33NEENEXTERA ENERGY INCCOM0.61%$567,6007.7K
34UPSUNITED PARCEL SERVICE INCCL B0.59%$547,1883.1K
35TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.57%$534,2705.3K
36PNCPNC FINL SVCS GROUP INCCOM0.57%$531,9034.2K
37PAYXPAYCHEX INCCOM0.57%$528,0424.7K
38ADMARCHER DANIELS MIDLAND COCOM0.55%$513,5076.8K
39CVSCVS HEALTH CORPCOM0.53%$494,7117.2K
40PSXPHILLIPS 66COM0.53%$493,4265.2K
41VVISA INCCOM CL A0.53%$491,3462.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$130M80May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$129M76Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$128M81Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$122M83Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$107M76May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$131M75Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$129M74Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$124M73Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$121M71May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$108M74Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$92M70Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$93M71Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$82M66May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$80M74Feb 13, 202313F-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 ↗.