Milestone Advisory Partners

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $120M
Positions: 70
Quarter ended: September 30, 2023
Filed: November 08, 2023

Reported portfolio value by quarter (24 quarters reported)

$198M $108M

Q4 17 Q1 19 Q2 20 Q3 21 Q4 22 Q3 23

$133M in Q4 2017 → $120M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2023. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
SS Schwab Strategic Tr	14.1%	Added 4.6%	239,323	$16.9M
VW Vanguard Wellington Fd	5.9%	Added 25%	71,265	$7.13M
VW Vanguard World Fds	5.7%	Added 11%	37,822	$6.91M
VI Vanguard Index Fds	5.4%	Added 18%	23,998	$6.53M
FT First Tr Exchange-traded Fd	4.9%	Added 8.2%	105,725	$5.93M
IE Invesco Exch Traded Fd Tr Ii	4.6%	Added 0.6%	93,468	$5.49M
IE Invesco Exchange Traded Fd T	3.7%	Added 96%	88,278	$4.44M
SS Select Sector SPDR Tr	3.4%	Added 45%	44,683	$4.04M
VW Vanguard Wellington Fd	3.3%	New	40,768	$3.92M
IE Invesco Exchange Traded Fd T	2.8%	Added 462%	88,763	$3.4M
VW Vanguard Whitehall Fds	2.6%	Added 37%	30,823	$3.18M
IT Ishares Tr	2.6%	Added 6.9%	9,330	$3.18M
IT Ishares Tr	2.6%	Added 16%	24,937	$3.15M
SS Select Sector SPDR Tr	2.3%	Trimmed 10%	47,701	$2.81M
SS Select Sector SPDR Tr	2.3%	Added 0.1%	82,871	$2.75M
IT Ishares Tr	2.2%	Added 3.2%	36,469	$2.64M
IT Ishares Tr	2.2%	Added 15%	28,017	$2.64M
Apple Inc	2.2%	Added 0.0%	15,413	$2.64M
IT Ishares Tr	2.1%	Added 11%	6,753	$2.58M
IE Invesco Exchange Traded Fd T	2.0%	Added 4.3%	30,825	$2.37M
IT Ishares Tr	2.0%	Added 33%	36,892	$2.36M
IE Invesco Exchange Traded Fd T	1.5%	Added 299%	43,144	$1.82M
IT Ishares Tr	1.3%	Added 12%	32,791	$1.59M
IE Invesco Exchange Traded Fd T	1.0%	Added 1053%	42,236	$1.19M
IT Ishares Tr	0.9%	Trimmed 12%	26,471	$1.1M
BH Berkshire Hathaway Inc Del	0.9%	Unchanged	2	$1.06M
IT Ishares Tr	0.9%	Added 0.5%	2,169	$1.03M
FT First Tr Exchange-traded Fd	0.7%	Unchanged	5,526	$882K
GX Global X Fds	0.7%	Added 0.0%	51,880	$870K
SS SPDR Ser Tr	0.7%	Added 11%	5,548	$821K
IE Invesco Exchange Traded Fd T	0.7%	Added 11%	15,854	$804K
IE Invesco Exchange Traded Fd T	0.7%	Added 480%	25,828	$801K
FT First Tr Exchange-traded Fd	0.6%	Trimmed 8.0%	18,151	$774K
FT First Tr Nasdaq 100 Tech Ind	0.6%	Unchanged	4,594	$667K
IT Ishares Tr	0.5%	Unchanged	6,385	$651K
FT First Tr Exchange Traded Fd	0.5%	Unchanged	5,702	$634K
FT First Tr Exch Traded Fd Iii	0.4%	Unchanged	10,630	$520K
Mastercard Incorporated	0.4%	Unchanged	1,260	$499K
FB First Bancorp N C	0.4%	Added 0.1%	16,140	$454K
IT Ishares Tr	0.4%	Added 13%	18,677	$449K
FT First Tr Exchange Traded Fd	0.4%	Unchanged	15,287	$437K
Johnson & Johnson	0.3%	Unchanged	2,600	$405K
Jpmorgan Chase & Co	0.3%	Unchanged	2,446	$355K
Gilead Sciences Inc	0.3%	Unchanged	4,731	$355K
DE Duke Energy Corp New	0.3%	Unchanged	3,975	$351K
Visa Inc	0.3%	Unchanged	1,514	$348K
IT Ishares Tr	0.3%	Added 23%	3,729	$342K
FR Factset Resh Sys Inc	0.3%	Unchanged	750	$328K
Microsoft Corp	0.3%	Unchanged	1,033	$326K
IT Ishares Tr	0.3%	Unchanged	3,386	$319K
VB Vanguard Bd Index Fds	0.3%	Unchanged	4,522	$316K
VA Vanguard Admiral Fds Inc	0.3%	Added 4.3%	3,345	$315K
Rockwell Automation Inc	0.3%	Unchanged	1,100	$314K
IE Invesco Exch Traded Fd Tr Ii	0.3%	Unchanged	27,590	$302K
FT First Tr Exchange-traded Fd	0.2%	Unchanged	1,950	$285K
Alphabet Inc	0.2%	Unchanged	2,040	$267K
VW Vanguard World Fds	0.2%	New	2,071	$262K
AE Alps ETF Tr	0.2%	New	6,009	$254K
Exxon Mobil Corp	0.2%	Unchanged	2,120	$249K
IE Invesco Exchange Traded Fd T	0.2%	Unchanged	3,251	$248K

Showing top 60 of 70 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q3 2023

quarter ended September 30, 2023 · filed November 08, 2023

Company	Action	Shares changed	Value of change	% of portfolio
VW Vanguard Wellington Fd	New	+40,768	+$3.92M	3.3%
IE Invesco Exchange Traded Fd T	Added	+72,979	+$2.79M	2.8%
IE Invesco Exchange Traded Fd T	Added	+43,155	+$2.17M	3.7%
VW Vanguard Wellington Fd	Added	+14,452	+$1.45M	5.9%
IE Invesco Exchange Traded Fd T	Added	+32,329	+$1.36M	1.5%
SS Select Sector SPDR Tr	Added	+13,902	+$1.26M	3.4%
IE Invesco Exchange Traded Fd T	Added	+38,572	+$1.09M	1.0%
VI Vanguard Index Fds	Added	+3,697	+$1.01M	5.4%
VW Vanguard Whitehall Fds	Added	+8,387	+$867K	2.6%
SS Schwab Strategic Tr	Added	+10,507	+$743K	14.1%

Showing the 10 largest of 40 changes.

Q2 2023

quarter ended June 30, 2023 · filed July 13, 2023

Company	Action	Shares changed	Value of change	% of portfolio
IE Invesco Exchange Traded Fd T	Trimmed	−35,543	−$2.88M	2.2%
IT Ishares Tr	Trimmed	−68,348	−$2.65M	1.1%
IE Invesco Exch Traded Fd Tr Ii	Added	+39,449	+$2.48M	5.3%
IT Ishares Tr	New	+27,771	+$1.83M	1.7%
IE Invesco Exchange Traded Fd T	New	+3,664	+$1.08M	1.0%
VI Vanguard Index Fds	Added	+3,664	+$1.04M	5.2%
IE Invesco Exchange Traded Fd T	Added	+4,879	+$998K	2.9%
SS Select Sector SPDR Tr	Trimmed	−27,161	−$916K	2.5%
IT Ishares Tr	Trimmed	−6,483	−$863K	2.6%
IT Ishares Tr	Exited	−3,815	−$760K	—

Showing the 10 largest of 45 changes.

Q1 2023

quarter ended March 31, 2023 · filed May 12, 2023

Company	Action	Shares changed	Value of change	% of portfolio
PE Pimco ETF Tr	Trimmed	−324,659	−$16.6M	0.4%
FT First Tr Exchange-traded Fd	Trimmed	−270,373	−$12.2M	0.4%
FT First Tr Exchange-traded Fd	Added	+83,078	+$4.49M	4.6%
IT Ishares Tr	Added	+25,992	+$3.44M	3.4%
VW Vanguard World Fds	Trimmed	−9,197	−$1.78M	5.8%
SS Select Sector SPDR Tr	Trimmed	−24,170	−$1.64M	3.3%
IE Invesco Exchange Traded Fd T	New	+10,256	+$1.31M	1.2%
SS Select Sector SPDR Tr	Trimmed	−13,876	−$1.15M	2.4%
IT Ishares Tr	Exited	−10,236	−$1.09M	—
SS Select Sector SPDR Tr	Trimmed	−27,229	−$875K	3.3%

Showing the 10 largest of 44 changes.

Q4 2022

quarter ended December 31, 2022 · filed January 24, 2023

Company	Action	Shares changed	Value of change	% of portfolio
IE Invesco Exch Traded Fd Tr Ii	Trimmed	−44,815	−$2.86M	2.7%
IE Invesco Exchange Traded Fd T	Added	+33,356	+$2.37M	3.5%
VW Vanguard World Fds	Trimmed	−7,919	−$1.52M	6.0%
PE Pimco ETF Tr	Trimmed	−25,774	−$1.29M	12.4%
FT First Tr Exchange-traded Fd	Trimmed	−25,296	−$1.13M	9.3%
IE Invesco Exchange Traded Fd T	Trimmed	−7,501	−$873K	3.9%
IE Invesco Exchange Traded Fd T	New	+11,030	+$622K	0.5%
VW Vanguard World Fds	Trimmed	−7,411	−$613K	0.2%
FB First Bancorp N C	Trimmed	−13,701	−$587K	0.4%
SS Select Sector SPDR Tr	Trimmed	−8,104	−$571K	4.0%

Showing the 10 largest of 49 changes.

Q3 2022

quarter ended September 30, 2022 · filed October 12, 2022

Company	Action	Shares changed	Value of change	% of portfolio
PE Pimco ETF Tr	Added	+192,930	+$9.53M	13.3%
SS Select Sector SPDR Tr	New	+85,229	+$5.58M	4.2%
VW Vanguard World Fds	Added	+26,891	+$4.62M	6.4%
IE Invesco Exchange Traded Fd T	Added	+11,703	+$1.81M	1.5%
SS Select Sector SPDR Tr	Trimmed	−57,919	−$1.76M	3.2%
SS Schwab Strategic Tr	Added	+26,325	+$1.75M	11.7%
IE Invesco Exch Traded Fd Tr Ii	Trimmed	−25,007	−$1.45M	4.4%
IT Ishares Tr	Trimmed	−11,771	−$1.27M	0.2%
VE Vaneck ETF Trust	Trimmed	−48,693	−$1.21M	0.2%
IT Ishares Tr	Trimmed	−82,351	−$1.19M	0.3%

Showing the 10 largest of 48 changes.

Q2 2022

quarter ended June 30, 2022 · filed July 18, 2022

Company	Action	Shares changed	Value of change	% of portfolio
FT First Tr Exch Traded Fd Iii	Trimmed	−924,298	−$16M	0.6%
PE Pimco ETF Tr	Added	+162,326	+$8.53M	7.1%
IT Ishares Tr	Trimmed	−42,847	−$4.93M	1.4%
VW Vanguard World Fds	New	+22,836	+$4.29M	3.5%
SS Select Sector SPDR Tr	Trimmed	−74,519	−$3.11M	0.2%
FT First Tr Exchange-traded Fd	Trimmed	−63,344	−$2.8M	11.6%
FT First Tr Exchange-traded Fd	Trimmed	−54,185	−$2.69M	0.5%
IE Invesco Exch Traded Fd Tr Ii	Added	+41,935	+$2.64M	6.4%
IE Invesco Exchange Traded Fd T	Trimmed	−15,093	−$2.44M	0.2%
IE Invesco Exchange Traded Fd T	Trimmed	−34,827	−$2.39M	2.4%

Showing the 10 largest of 60 changes.

Q1 2022

quarter ended March 31, 2022 · filed May 10, 2022

Company	Action	Shares changed	Value of change	% of portfolio
VW Vanguard World Fds	Exited	−21,510	−$7.33M	—
IT Ishares Tr	New	+57,481	+$7.16M	3.9%
VE Vaneck ETF Trust	Trimmed	−248,335	−$6.23M	1.0%
IT Ishares Tr	New	+131,481	+$5.32M	2.9%
IT Ishares Tr	Trimmed	−73,427	−$4.48M	0.4%
VW Vanguard Wellington Fd	Added	+37,465	+$4M	3.4%
VW Vanguard Wellington Fd	Trimmed	−32,757	−$3.81M	0.2%
SS SPDR Ser Tr	New	+19,318	+$2.6M	1.4%
IT Ishares Tr	New	+130,475	+$2.52M	1.4%
FT First Tr Exchange-traded Fd	Exited	−6,106	−$1.38M	—

Showing the 10 largest of 85 changes.

Q4 2021

quarter ended December 31, 2021 · filed February 04, 2022

Company	Action	Shares changed	Value of change	% of portfolio
FT First Tr Exch Traded Fd Iii	New	+971,275	+$19.7M	10.0%
IE Invesco Exch Traded Fd Tr Ii	Trimmed	−77,162	−$5.3M	2.8%
VI Vanguard Intl Equity Index F	Exited	−55,464	−$4.5M	—
FT First Tr Exchange-traded Fd	Added	+85,215	+$4.08M	9.7%
IE Invesco Exchange Traded Fd T	Added	+36,647	+$3.46M	3.8%
FT First Tr Exchange-traded Fd	New	+6,106	+$1.38M	0.7%
FT First Tr Exchange-traded Fd	Trimmed	−46,979	−$951K	0.3%
SS Schwab Strategic Tr	Trimmed	−10,364	−$838K	8.5%
GX Global X Fds	Added	+33,301	+$739K	0.6%
VE Vaneck ETF Trust	Trimmed	−39,085	−$700K	0.1%

Showing the 10 largest of 55 changes.

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