Managers / Q4 2023 · view latest →
Clifford Group, LLC
CIK 0001965522 · 321 COMMONWEALTH ROAD, SUITE 103, WAYLAND, MA, 01778 · 6176002083
Summary
Clifford Group, LLC reported $108M in U.S.-listed holdings across 74 positions for Q4 2023.
Its largest position, Vanguard Index Fds, represents 19.8% of the portfolio.
Compared with Q3 2023, the fund opened 6 new positions 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 · 71.3% · $77M
- Common Stock · 25.7% · $28M
- Other · 1.8% · $2M
- REIT · 0.6% · $611,241
- ADR · 0.5% · $556,919
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD WORLD FD | NEW | +8.1K | 8.1K | +$2M | $2M |
| CRMSALESFORCE INC | NEW | +957 | 957 | +$251,825 | $251,825 |
| AVGOBROADCOM INC | NEW | +220 | 220 | +$245,575 | $245,575 |
| MONDAY COM LTD | NEW | +1.1K | 1.1K | +$214,291 | $214,291 |
| BLKCHFBLACKROCK INC | NEW | +262 | 262 | +$212,856 | $212,856 |
| AXPAMERICAN EXPRESS CO | NEW | +1.1K | 1.1K | +$212,818 | $212,818 |
| VANGUARD INDEX FDS | ADDED | +20.1K | 36.0K | +$4M | $6M |
| BILLBILL HOLDINGS INC | SOLD OUT | −2.3K | 0 | −$246,020 | $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 | VANGUARD INDEX FDS | S&P 500 ETF SHS · EXTEND MKT ETF · REAL ESTATE ETF | 26.67% | $29M | 102.0K |
| 2 | SCHWAB STRATEGIC TR | US DIVIDEND EQ | 17.42% | $19M | 246.8K |
| 3 | ISHARES TR | EAFE VALUE ETF · NATIONAL MUN ETF · RUS 1000 GRW ETF · RUS 1000 VAL ETF · MSCI USA MIN VOL · US TREAS BD ETF · US INFRASTRUC | 14.44% | $16M | 210.2K |
| 4 | SPDR SER TR | NUVEEN BLMBRG SH · PORTFOLIO LN TSR · PORTFOLIO INTRMD | 5.16% | $6M | 154.8K |
| 5 | VANGUARD WORLD FDS | INF TECH ETF | 2.97% | $3M | 6.6K |
| 6 | MSFTMICROSOFT CORPhistory → | COM | 2.14% | $2M | 6.2K |
| 7 | VANGUARD WORLD FD | MEGA GRWTH IND | 1.94% | $2M | 8.1K |
| 8 | AAPLAPPLE INChistory → | COM | 1.79% | $2M | 10.0K |
| 9 | AMZNAMAZON COM INChistory → | COM | 1.54% | $2M | 10.9K |
| 10 | VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 1.37% | $1M | 31.9K |
| 11 | GOOGLALPHABET INChistory → | CAP STK CL A | 1.14% | $1M | 8.8K |
| 12 | NVDANVIDIA CORPORATION | COM | 0.96% | $1M | 2.1K |
| 13 | JPMJPMORGAN CHASE & CO | COM | 0.94% | $1M | 6.0K |
| 14 | ADPAUTOMATIC DATA PROCESSING IN | COM | 0.87% | $941,898 | 4.0K |
| 15 | UNPUNION PAC CORP | COM | 0.75% | $805,307 | 3.3K |
| 16 | METAMETA PLATFORMS INC | CL A | 0.71% | $771,279 | 2.2K |
| 17 | ACCENTURE PLC IRELAND | SHS CLASS A | 0.68% | $732,092 | 2.1K |
| 18 | UNHUNITEDHEALTH GROUP INC | COM | 0.67% | $719,723 | 1.4K |
| 19 | NSPINSPERITY INC | COM | 0.65% | $696,756 | 5.9K |
| 20 | PNCPNC FINL SVCS GROUP INC | COM | 0.60% | $647,463 | 4.2K |
| 21 | PGPROCTER AND GAMBLE CO | COM | 0.59% | $639,377 | 4.4K |
| 22 | HDHOME DEPOT INC | COM | 0.58% | $623,318 | 1.8K |
| 23 | DWDMORGAN STANLEY | COM NEW | 0.57% | $614,577 | 6.6K |
| 24 | PLDPROLOGIS INC. | COM | 0.57% | $611,241 | 4.6K |
| 25 | CSCOCISCO SYS INC | COM | 0.55% | $597,034 | 11.8K |
| 26 | ABTABBOTT LABS | COM | 0.55% | $596,561 | 5.4K |
| 27 | PSXPHILLIPS 66 | COM | 0.55% | $593,066 | 4.5K |
| 28 | DYHTARGET CORP | COM | 0.54% | $587,943 | 4.1K |
| 29 | PEPPEPSICO INC | COM | 0.53% | $573,727 | 3.4K |
| 30 | ABGCENCORA INC | COM | 0.53% | $572,341 | 2.8K |
| 31 | CVSCVS HEALTH CORP | COM | 0.52% | $559,451 | 7.1K |
| 32 | TSMTAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 0.52% | $556,919 | 5.4K |
| 33 | TE CONNECTIVITY LTD | SHS | 0.51% | $551,054 | 3.9K |
| 34 | HLIHOULIHAN LOKEY INC | CL A | 0.50% | $544,390 | 4.5K |
| 35 | NEENEXTERA ENERGY INC | COM | 0.50% | $535,095 | 8.8K |
| 36 | VVISA INC | COM CL A | 0.49% | $526,428 | 2.0K |
| 37 | UPSUNITED PARCEL SERVICE INC | CL B | 0.48% | $518,018 | 3.3K |
| 38 | AJGGALLAGHER ARTHUR J & CO | COM | 0.48% | $516,886 | 2.3K |
| 39 | PAYXPAYCHEX INC | COM | 0.46% | $500,279 | 4.2K |
| 40 | ADMARCHER DANIELS MIDLAND CO | COM | 0.43% | $461,126 | 6.4K |
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 ↗.