Managers / Q3 2023 · view latest →
Clifford Group, LLC
CIK 0001965522 · 321 COMMONWEALTH ROAD, SUITE 103, WAYLAND, MA, 01778 · 6176002083
Summary
Clifford Group, LLC reported $92M in U.S.-listed holdings across 70 positions for Q3 2023.
Its largest position, Vanguard Index Fds, represents 19.0% of the portfolio.
Compared with Q2 2023, the fund opened 1 new position and exited 2.
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 · 70.9% · $65M
- Common Stock · 26.3% · $24M
- Other · 1.7% · $2M
- REIT · 0.5% · $499,610
- ADR · 0.5% · $467,087
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR SER TR | NEW | +23.6K | 23.6K | +$742,694 | $742,694 |
| VANGUARD INDEX FDS | ADDED | +8.9K | 15.9K | +$1M | $2M |
| VANGUARD SCOTTSDALE FDS | SOLD OUT | −3.9K | 0 | −$231,476 | $0 |
| CRMSALESFORCE INC | SOLD OUT | −957 | 0 | −$202,176 | $0 |
| SPDR SER TR | ADDED | +29.6K | 60.6K | +$658,431 | $2M |
| ISHARES TR | TRIMMED | −26.9K | 44.4K | −$653,052 | $978,291 |
| VANGUARD WORLD FDS | TRIMMED | −1.6K | 4.3K | −$827,868 | $2M |
| HLIHOULIHAN LOKEY INC | TRIMMED | −1.4K | 4.5K | −$101,152 | $481,825 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | S&P 500 ETF SHS · EXTEND MKT ETF · REAL ESTATE ETF | 22.84% | $21M | 77.0K |
| 2 | SCHWAB STRATEGIC TR | US DIVIDEND EQ | 17.65% | $16M | 230.0K |
| 3 | ISHARES TR | EAFE VALUE ETF · NATIONAL MUN ETF · RUS 1000 GRW ETF · RUS 1000 VAL ETF · US TREAS BD ETF · MSCI USA MIN VOL | 15.65% | $14M | 217.6K |
| 4 | SPDR SER TR | NUVEEN BLMBRG SH · PORTFOLIO LN TSR · PORTFOLIO INTRMD | 4.93% | $5M | 132.2K |
| 5 | INVESCO EXCH TRADED FD TR II | S&P EMRNG MKTS | 4.02% | $4M | 164.8K |
| 6 | MSFTMICROSOFT CORPhistory → | COM | 2.10% | $2M | 6.1K |
| 7 | VANGUARD WORLD FDS | INF TECH ETF | 1.91% | $2M | 4.3K |
| 8 | AAPLAPPLE INChistory → | COM | 1.87% | $2M | 10.0K |
| 9 | VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 1.58% | $1M | 33.2K |
| 10 | GOOGLALPHABET INChistory → | CAP STK CL A | 1.25% | $1M | 8.8K |
| 11 | AMZNAMAZON COM INChistory → | COM | 1.22% | $1M | 8.8K |
| 12 | SELECT SECTOR SPDR TR | SBI HEALTHCARE | 1.10% | $1M | 7.9K |
| 13 | ADPAUTOMATIC DATA PROCESSING INhistory → | COM | 1.05% | $971,703 | 4.0K |
| 14 | NVDANVIDIA CORPORATION | COM | 1.00% | $921,744 | 2.1K |
| 15 | JPMJPMORGAN CHASE & CO | COM | 0.93% | $859,263 | 5.9K |
| 16 | UNHUNITEDHEALTH GROUP INC | COM | 0.74% | $686,240 | 1.4K |
| 17 | METAMETA PLATFORMS INC | CL A | 0.71% | $654,158 | 2.2K |
| 18 | UNPUNION PAC CORP | COM | 0.70% | $644,218 | 3.2K |
| 19 | ACCENTURE PLC IRELAND | SHS CLASS A | 0.70% | $641,328 | 2.1K |
| 20 | PGPROCTER AND GAMBLE CO | COM | 0.68% | $630,571 | 4.3K |
| 21 | CSCOCISCO SYS INC | COM | 0.65% | $603,376 | 11.2K |
| 22 | NSPINSPERITY INC | COM | 0.63% | $580,134 | 5.9K |
| 23 | PEPPEPSICO INC | COM | 0.63% | $578,137 | 3.4K |
| 24 | CVSCVS HEALTH CORP | COM | 0.60% | $549,291 | 7.9K |
| 25 | HDHOME DEPOT INC | COM | 0.58% | $535,922 | 1.8K |
| 26 | PSXPHILLIPS 66 | COM | 0.58% | $535,672 | 4.5K |
| 27 | ABTABBOTT LABS | COM | 0.58% | $530,334 | 5.5K |
| 28 | AJGGALLAGHER ARTHUR J & CO | COM | 0.57% | $524,352 | 2.3K |
| 29 | DWDMORGAN STANLEY | COM NEW | 0.56% | $512,858 | 6.3K |
| 30 | PNCPNC FINL SVCS GROUP INC | COM | 0.55% | $511,236 | 4.2K |
| 31 | ABGCENCORA INC | COM | 0.54% | $502,070 | 2.8K |
| 32 | PLDPROLOGIS INC. | COM | 0.54% | $499,610 | 4.5K |
| 33 | PAYXPAYCHEX INC | COM | 0.52% | $483,365 | 4.2K |
| 34 | HLIHOULIHAN LOKEY INC | CL A | 0.52% | $481,825 | 4.5K |
| 35 | TE CONNECTIVITY LTD | SHS | 0.52% | $479,555 | 3.9K |
| 36 | UPSUNITED PARCEL SERVICE INC | CL B | 0.51% | $468,803 | 3.0K |
| 37 | TSMTAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 0.51% | $467,087 | 5.4K |
| 38 | VVISA INC | COM CL A | 0.50% | $465,080 | 2.0K |
| 39 | ADMARCHER DANIELS MIDLAND CO | COM | 0.50% | $462,553 | 6.1K |
| 40 | DYHTARGET CORP | COM | 0.49% | $448,166 | 4.1K |
| 41 | NEENEXTERA ENERGY INC | COM | 0.47% | $430,454 | 7.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $130M | 80 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $129M | 76 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $128M | 81 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $122M | 83 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $107M | 76 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $131M | 75 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $129M | 74 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $124M | 73 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $121M | 71 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $108M | 74 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $92M | 70 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $93M | 71 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $82M | 66 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $80M | 74 | Feb 13, 2023 | 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 ↗.