SBK Financial, Inc.

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

Portfolio value: $63.1M
Positions: 61
Quarter ended: December 31, 2022
Filed: January 31, 2023

Reported portfolio value by quarter (5 quarters reported)

$125M $63.1M

Q4 21 Q1 22 Q2 22 Q3 22 Q4 22

$125M in Q4 2021 → $63.1M now. Hover for any quarter.

Holdings

As reported for the quarter ended December 31, 2022. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
Microsoft Corp	9.8%	Trimmed 1.1%	25,845	$6.2M
Apple Inc	8.2%	Unchanged	39,764	$5.17M
IT Ishares Tr	5.8%	Trimmed 49%	74,418	$3.68M
LC Lowes Cos Inc	4.6%	Unchanged	14,660	$2.92M
Nike Inc	3.5%	Unchanged	19,050	$2.23M
Johnson & Johnson	3.1%	Unchanged	11,110	$1.96M
Exxon Mobil Corp	2.9%	Unchanged	16,336	$1.8M
SS SPDR S&P 500 ETF Tr	2.4%	Trimmed 1.1%	3,915	$1.5M
Alphabet Inc	2.3%	Unchanged	16,520	$1.46M
Home Depot Inc	2.1%	Unchanged	4,219	$1.33M
DW Disney Walt Co	2.1%	Unchanged	15,024	$1.31M
Coca Cola Co	2.1%	Unchanged	20,500	$1.3M
Danaher Corporation	2.1%	Unchanged	4,900	$1.3M
VI Vanguard Index Fds	2.0%	Trimmed 6.2%	6,193	$1.26M
Visa Inc	1.9%	Unchanged	5,727	$1.19M
PI Ppg Inds Inc	1.8%	Trimmed 7.8%	9,094	$1.14M
Merck & Co Inc	1.8%	Trimmed 0.4%	10,304	$1.14M
IT Ishares Tr	1.8%	Trimmed 34%	10,805	$1.14M
IT Ishares Tr	1.8%	Unchanged	13,497	$1.13M
IT Ishares Tr	1.8%	Trimmed 2.9%	18,930	$1.11M
PM Philip Morris Intl Inc	1.7%	Trimmed 8.7%	10,500	$1.06M
PA Procter And Gamble Co	1.6%	Unchanged	6,700	$1.02M
IT Ishares Tr	1.5%	Trimmed 0.2%	2,510	$964K
Pfizer Inc	1.5%	Unchanged	18,445	$945K
Amazon Com Inc	1.4%	Unchanged	10,880	$914K
IT Ishares Tr	1.4%	Trimmed 5.2%	9,394	$889K
CN Chevron Corp New	1.3%	Unchanged	4,500	$808K
Jpmorgan Chase & Co	1.2%	Unchanged	5,747	$771K
IT Ishares Tr	1.2%	Trimmed 3.6%	3,513	$754K
IT Ishares Tr	1.2%	Unchanged	5,135	$745K
IT Ishares Tr	1.2%	Trimmed 63%	8,687	$726K
UP Union Pac Corp	1.1%	Unchanged	3,400	$704K
IT Ishares Tr	1.1%	Unchanged	3,092	$663K
Dollar Tree Inc	1.0%	Unchanged	4,562	$645K
IB International Business Machs	1.0%	Unchanged	4,577	$645K
BH Berkshire Hathaway Inc Del	1.0%	Unchanged	2,000	$618K
RT Raytheon Technologies Corp	1.0%	Trimmed 10%	6,000	$606K
Alphabet Inc	1.0%	Unchanged	6,800	$603K
IT Ishares Tr	0.9%	Trimmed 7.2%	8,388	$566K
M Mcdonalds Corp	0.8%	Unchanged	2,000	$527K
Walmart Inc	0.8%	Unchanged	3,600	$510K
Nextera Energy Inc	0.8%	Trimmed 0.0%	6,061	$507K
Bristol-myers Squibb Co	0.8%	Unchanged	7,000	$504K
VI Vanguard Index Fds	0.7%	Trimmed 19%	2,534	$465K
DE Dimensional ETF Trust	0.7%	Unchanged	11,084	$461K
Oracle Corp	0.7%	Unchanged	5,400	$441K
CO Capital One Finl Corp	0.7%	Unchanged	4,666	$434K
IT Ishares Tr	0.7%	Trimmed 11%	2,007	$423K
IT Ishares Tr	0.7%	Trimmed 33%	6,355	$417K
PF Pnc Finl Svcs Group Inc	0.6%	Unchanged	2,433	$384K
VI Vanguard Index Fds	0.6%	Unchanged	1,983	$379K
VI Vanguard Index Fds	0.6%	Unchanged	1,047	$368K
IT Ishares Tr	0.6%	Unchanged	9,525	$361K
VI Vanguard Index Fds	0.6%	Unchanged	4,352	$359K
AT American Tower Corp New	0.5%	Unchanged	1,500	$318K
IT Ishares Tr	0.4%	Unchanged	1,801	$273K
BN Bank New York Mellon Corp	0.4%	Unchanged	6,000	$273K
IT Ishares Tr	0.4%	Added 0.4%	4,106	$245K
IT Ishares Tr	0.4%	Added 0.3%	1,004	$243K
Intel Corp	0.3%	Unchanged	8,000	$211K

Showing top 60 of 61 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 4 quarters.

Q4 2022

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

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−70,420	−$3.48M	5.8%
IT Ishares Tr	Trimmed	−14,638	−$1.22M	1.2%
IT Ishares Tr	Trimmed	−5,471	−$576K	1.8%
AL Abbott Labs	Exited	−2,600	−$252K	—
IT Ishares Tr	Trimmed	−3,175	−$208K	0.7%
TF Truist Finl Corp	Exited	−4,621	−$201K	—
VI Vanguard Index Fds	Trimmed	−610	−$112K	0.7%
PM Philip Morris Intl Inc	Trimmed	−1,000	−$101K	1.7%
PI Ppg Inds Inc	Trimmed	−769	−$96.7K	1.8%
VI Vanguard Index Fds	Trimmed	−412	−$84K	2.0%

Showing the 10 largest of 23 changes.

Q3 2022

quarter ended September 30, 2022 · filed October 21, 2022

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−98,996	−$4.7M	10.6%
Alphabet Inc	Added	+15,694	+$1.5M	2.4%
IT Ishares Tr	Trimmed	−8,980	−$704K	2.8%
Alphabet Inc	Added	+6,460	+$621K	1.0%
VI Vanguard Index Fds	Added	+2,328	+$438K	1.9%
Coca Cola Co	Added	+5,815	+$326K	1.8%
IT Ishares Tr	Trimmed	−3,220	−$309K	2.4%
United Parcel Service Inc	Exited	−1,500	−$274K	—
IT Ishares Tr	Exited	−5,980	−$260K	—
Unitedhealth Group Inc	Exited	−429	−$220K	—

Showing the 10 largest of 44 changes.

Q2 2022

quarter ended June 30, 2022 · filed August 10, 2022

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−134,950	−$7.21M	17.0%
Amazon Com Inc	Added	+10,248	+$1.09M	1.5%
BH Berkshire Hathaway Inc Del	New	+2,075	+$567K	0.7%
VI Vanguard Index Fds	New	+1,983	+$374K	0.5%
Danaher Corporation	Trimmed	−1,000	−$253K	1.6%
TF Truist Finl Corp	Exited	−4,000	−$227K	—
WT Wisdomtree Tr	Exited	−3,990	−$218K	—
VI Vanguard Index Fds	Exited	−733	−$211K	—
VI Vanguard Intl Equity Index F	Exited	−3,641	−$210K	—
DE Dimensional ETF Trust	New	+6,538	+$207K	0.3%

Showing the 10 largest of 40 changes.

Q1 2022

quarter ended March 31, 2022 · filed May 13, 2022

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−141,559	−$9.15M	24.4%
Dollar Tree Inc	Trimmed	−8,148	−$1.31M	0.7%
BH Berkshire Hathaway Inc Del	Exited	−2,930	−$876K	—
IQ Invesco Qqq Tr	Exited	−1,436	−$571K	—
IT Ishares Tr	Trimmed	−5,766	−$425K	0.7%
IT Ishares Tr	Trimmed	−4,061	−$408K	3.4%
AT American Tower Corp New	New	+1,500	+$377K	0.4%
Ecolab Inc	Exited	−1,600	−$375K	—
Rivian Automotive Inc	Exited	−3,030	−$314K	—
Carmax Inc	Exited	−2,050	−$267K	—

Showing the 10 largest of 87 changes.

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