MV CAPITAL MANAGEMENT, INC.

BETHESDA, MD · CIK 1633366 · 13F filing filed 2023-01-27

SEC-registered investment adviser since 2006 · corporation

Assets managed$1.4bn
Staff8 · 8 in investment roles
Main clients (by assets)High net worth individuals 66%, Pension plans 21%, Charities 10%
Form ADV · 2026-03-31SEC adviser record

Kindwealth
Others nearbyBethesda, MD

$647.1m reported value +11.6% vs Q3 2022

667positions

59.8%in top 10

19 new 315 added 211 reduced 26 sold out vs Q3 2022

Options: 0 call positions (— notional), 1 put positions ($76.5k notional) – listed below, not included above.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR TRS FLT RT BD TFLO	TFLO	1,876,220	$94.6m14.62%	14.62%	Reduced -21.9k	-21,929 -1.2%
2	ISHARES TR RUS 1000 VAL ETF IWD	IWD	354,851	$53.8m8.32%	8.32%	Added +16.0k	+16,028 4.7%
3	ISHARES TR RUS 1000 GRW ETF IWF	IWF	208,517	$44.7m6.90%	6.90%	Added +11.0k	+10,965 5.5%
4	ISHARES TR CORE S&P500 ETF IVV	IVV	112,125	$43.1m6.66%	6.66%	Added +5.8k	+5,837 5.5%
5	ABBVIE INC COM ABBV	ABBV	227,047	$36.7m5.67%	5.67%	Added +173	+173 0.1%
6	ABBOTT LABS COM ABT	ABT	241,045	$26.5m4.09%	4.09%	Added +263	+263 0.1%
7	ISHARES TR IBONDS 24 TRM TS IBTE	IBTE	958,055	$22.8m3.53%	3.53%	New
8	ISHARES TR IBONDS 23 TRM TS IBONDS 23 TRM TS		917,674	$22.7m3.50%	3.50%	New
9	ISHARES TR MSCI USA MIN VOL USMV	USMV	309,152	$22.3m3.44%	3.44%	Reduced -7.7k	-7,715 -2.4%
10	ISHARES TR S&P 500 GRWT ETF IVW	IVW	341,795	$20.0m3.09%	3.09%	Added +21.5k	+21,512 6.7%
11	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	577,529	$14.1m2.18%	2.18%	Added +390.7k	+390,687 209.1%
12	ISHARES TR S&P 500 VAL ETF IVE	IVE	97,105	$14.1m2.18%	2.18%	Added +8.6k	+8,639 9.8%
13	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	523,692	$12.7m1.97%	1.97%	New
14	ISHARES TR IBONDS DEC2026 IBDR	IBDR	503,127	$11.7m1.82%	1.82%	New
15	APPLE INC COM AAPL	AAPL	76,587	$10.0m1.54%	1.54%	Added +10.5k	+10,482 15.9%
16	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	56,529	$7.0m1.09%	1.09%	Reduced -293	-293 -0.5%
17	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	47,608	$6.5m1.00%	1.00%	Reduced -489	-489 -1.0%
18	ISHARES TR CORE HIGH DV ETF HDV	HDV	54,463	$5.7m0.88%	0.88%	Reduced -1.4k	-1,428 -2.5%
19	MICROSOFT CORP COM MSFT	MSFT	22,326	$5.4m0.83%	0.83%	Added +455	+455 2.1%
20	ISHARES TR RUS 1000 ETF IWB	IWB	24,418	$5.1m0.79%	0.79%	Reduced -815	-815 -3.2%
21	FIDELITY COVINGTON TRUST BLUE CHIP GRWTH FBCG	FBCG	236,256	$5.0m0.77%	0.77%	Added +434	+434 0.2%
22	ECOLAB INC COM ECL	ECL	34,185	$5.0m0.77%	0.77%	Reduced -3.0k	-2,973 -8.0%
23	ISHARES TR SELECT DIVID ETF DVY	DVY	35,079	$4.2m0.65%	0.65%	Reduced -1.1k	-1,070 -3.0%
24	ISHARES TR RUSSELL 2000 ETF IWM	IWM	23,576	$4.1m0.64%	0.64%	Added +2.2k	+2,154 10.1%
25	JPMORGAN CHASE & CO COM JPM	JPM	30,318	$4.1m0.63%	0.63%	Added +364	+364 1.2%
26	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	56,324	$4.0m0.61%	0.61%	Added +7.7k	+7,706 15.8%
27	ISHARES TR RUS MID CAP ETF IWR	IWR	54,754	$3.7m0.57%	0.57%	Added +5.2k	+5,154 10.4%
28	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	49,267	$3.7m0.57%	0.57%	Reduced -275	-275 -0.6%
29	LOCKHEED MARTIN CORP COM LMT	LMT	6,906	$3.4m0.52%	0.52%	Added +51	+51 0.7%
30	PROCTER AND GAMBLE CO COM PG	PG	21,540	$3.3m0.50%	0.50%	Added +139	+139 0.7%
31	AIR PRODS & CHEMS INC COM APD	APD	10,251	$3.2m0.49%	0.49%	Added +99	+99 1.0%
32	ALPHABET INC CAP STK CL A GOOGL	GOOGL	35,280	$3.1m0.48%	0.48%	Added +800	+800 2.3%
33	VISA INC COM CL A V	V	14,921	$3.1m0.48%	0.48%	Added +504	+504 3.5%
34	JOHNSON & JOHNSON COM JNJ	JNJ	17,028	$3.0m0.46%	0.46%	Added +197	+197 1.2%
35	CATERPILLAR INC COM CAT	CAT	11,584	$2.8m0.43%	0.43%	Added +181	+181 1.6%
36	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	10,243	$2.7m0.42%	0.42%	Added +102	+102 1.0%
37	AON PLC SHS CL A AON	AON	8,920	$2.7m0.41%	0.41%	Added +113	+113 1.3%
38	NIKE INC CL B NKE	NKE	22,647	$2.6m0.41%	0.41%	Added +353	+353 1.6%
39	CHUBB LIMITED COM CB	CB	11,898	$2.6m0.41%	0.41%	Added +120	+120 1.0%
40	PFIZER INC COM PFE	PFE	49,049	$2.5m0.39%	0.39%	Added +1.5k	+1,514 3.2%
41	WALMART INC COM WMT	WMT	17,285	$2.5m0.38%	0.38%	Added +345	+345 2.0%
42	VANGUARD INDEX FDS VALUE ETF VTV	VTV	16,902	$2.4m0.37%	0.37%	Reduced -580	-580 -3.3%
43	TJX COS INC NEW COM TJX	TJX	29,277	$2.3m0.36%	0.36%	Added +260	+260 0.9%
44	ISHARES TR RUS MD CP GR ETF IWP	IWP	27,848	$2.3m0.36%	0.36%	Reduced -554	-554 -1.9%
45	HOME DEPOT INC COM HD	HD	7,269	$2.3m0.35%	0.35%	Added +188	+188 2.6%
46	ISHARES TR RUS 2000 GRW ETF IWO	IWO	10,656	$2.3m0.35%	0.35%	Added +39	+39 0.4%
47	STARBUCKS CORP COM SBUX	SBUX	22,077	$2.2m0.34%	0.34%	Added +238	+238 1.1%
48	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	62,356	$2.1m0.33%	0.33%	Reduced -1.2k	-1,233 -1.9%
49	CITIZENS FINL GROUP INC COM CFG	CFG	52,574	$2.1m0.32%	0.32%	Added +598	+598 1.1%
50	SYSCO CORP COM SYY	SYY	26,123	$2.0m0.31%	0.31%	Added +212	+212 0.8%
51	LAUDER ESTEE COS INC CL A EL	EL	7,922	$2.0m0.30%	0.30%	Added +170	+170 2.2%
52	GENERAL MLS INC COM GIS	GIS	23,197	$1.9m0.30%	0.30%	Added +251	+251 1.1%
53	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,053	$1.9m0.30%	0.30%	Added +1.8k	+1,781 54.4%
54	INTUIT COM INTU	INTU	4,789	$1.9m0.29%	0.29%	Added +52	+52 1.1%
55	EXPEDITORS INTL WASH INC COM EXPD	EXPD	17,593	$1.8m0.28%	0.28%	Added +226	+226 1.3%
56	CENTENE CORP DEL COM CNC	CNC	21,795	$1.8m0.28%	0.28%	Added +378	+378 1.8%
57	DISNEY WALT CO COM DIS	DIS	20,325	$1.8m0.27%	0.27%	Reduced -414	-414 -2.0%
58	AMGEN INC COM AMGN	AMGN	6,670	$1.8m0.27%	0.27%	Added +44	+44 0.7%
59	MICRON TECHNOLOGY INC COM MU	MU	31,953	$1.6m0.25%	0.25%	Added +861	+861 2.8%
60	QUALCOMM INC COM QCOM	QCOM	14,460	$1.6m0.25%	0.25%	Added +1.8k	+1,754 13.8%
61	NVIDIA CORPORATION COM NVDA	NVDA	10,797	$1.6m0.24%	0.24%	Added +599	+599 5.9%
62	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	19,962	$1.6m0.24%	0.24%	Reduced -5.9k	-5,890 -22.8%
63	CME GROUP INC COM CME	CME	9,151	$1.5m0.24%	0.24%	Added +78	+78 0.9%
64	LAM RESEARCH CORP COM COM		3,577	$1.5m0.23%	0.23%	Added +15	+15 0.4%
65	PACKAGING CORP AMER COM PKG	PKG	11,016	$1.4m0.22%	0.22%	Added +153	+153 1.4%
66	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$1.4m0.22%	0.22%	Unchanged
67	ALPHABET INC CAP STK CL C GOOG	GOOG	14,860	$1.3m0.20%	0.20%	Added +193	+193 1.3%
68	MEDTRONIC PLC SHS MDT	MDT	16,032	$1.2m0.19%	0.19%	Added +272	+272 1.7%
69	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		46,104	$1.2m0.18%	0.18%	Reduced -472.3k	-472,310 -91.1%
70	ISHARES TR RUS 2000 VAL ETF IWN	IWN	8,031	$1.1m0.17%	0.17%	Reduced -24	-24 -0.3%
71	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,573	$1.1m0.17%	0.17%	Added +64	+64 1.8%
72	EXXON MOBIL CORP COM XOM	XOM	9,612	$1.1m0.16%	0.16%	Added +73	+73 0.8%
73	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	4,857	$1.0m0.16%	0.16%	Unchanged
74	MCDONALDS CORP COM MCD	MCD	3,770	$993.5k0.15%	0.15%	Reduced -15	-15 -0.4%
75	MERCK & CO INC COM MRK	MRK	8,760	$971.9k0.15%	0.15%	Added +5	+5 0.1%
76	PINNACLE FINL PARTNERS INC COM COM		12,570	$922.6k0.14%	0.14%	Reduced -6.1k	-6,120 -32.7%
77	COCA COLA CO COM KO	KO	14,295	$909.3k0.14%	0.14%	Reduced -80	-80 -0.6%
78	UNITEDHEALTH GROUP INC COM UNH	UNH	1,595	$845.6k0.13%	0.13%	Added +10	+10 0.6%
79	ISHARES TR RUS MDCP VAL ETF IWS	IWS	8,017	$844.5k0.13%	0.13%	Reduced -670	-670 -7.7%
80	SELECT SECTOR SPDR TR INDL XLI	XLI	8,044	$790.0k0.12%	0.12%	Reduced -383	-383 -4.5%
81	ELI LILLY & CO COM LLY	LLY	2,157	$789.1k0.12%	0.12%	Added +12	+12 0.6%
82	PAYPAL HLDGS INC COM PYPL	PYPL	10,970	$781.3k0.12%	0.12%	Reduced -128	-128 -1.1%
83	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,222	$780.7k0.12%	0.12%	Unchanged
84	AMAZON COM INC COM AMZN	AMZN	7,141	$599.8k0.09%	0.09%	Reduced -1.6k	-1,598 -18.3%
85	WELLS FARGO CO NEW COM WFC	WFC	14,418	$595.3k0.09%	0.09%	Added +60	+60 0.4%
86	PEPSICO INC COM PEP	PEP	3,183	$575.0k0.09%	0.09%	Reduced -951	-951 -23.0%
87	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	4,912	$531.5k0.08%	0.08%	Unchanged
88	TESLA INC COM TSLA	TSLA	4,287	$528.1k0.08%	0.08%	Reduced -258	-258 -5.7%
89	GILEAD SCIENCES INC COM GILD	GILD	5,960	$511.7k0.08%	0.08%	Added +42	+42 0.7%
90	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,627	$511.0k0.08%	0.08%	Added +104	+104 3.0%
91	SPDR SER TR BBG CONV SEC ETF CWB	CWB	7,673	$493.7k0.08%	0.08%	Reduced -1.1k	-1,114 -12.7%
92	COSTCO WHSL CORP NEW COM COST	COST	1,081	$493.5k0.08%	0.08%	Added +44	+44 4.2%
93	MASTERCARD INCORPORATED CL A MA	MA	1,413	$491.3k0.08%	0.08%	Added +64	+64 4.7%
94	TEXAS INSTRS INC COM TXN	TXN	2,912	$481.1k0.07%	0.07%	Added +246	+246 9.2%
95	NEXTERA ENERGY INC COM NEE	NEE	5,528	$462.1k0.07%	0.07%	Reduced -66	-66 -1.2%
96	RTX CORPORATION COM RTX	RTX	4,330	$437.0k0.07%	0.07%	Added +48	+48 1.1%
97	ILLINOIS TOOL WKS INC COM ITW	ITW	1,964	$432.7k0.07%	0.07%	Added +7	+7 0.4%
98	NORTHROP GRUMMAN CORP COM NOC	NOC	774	$422.3k0.07%	0.07%	Added +2	+2 0.3%
99	CLOROX CO DEL COM CLX	CLX	2,951	$414.1k0.06%	0.06%	Added +28	+28 1.0%
100	BANK AMERICA CORP COM BAC	BAC	12,241	$405.4k0.06%	0.06%	Added +61	+61 0.5%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ISHARES TR		526,597	$13.2m526.6k shares
VANGUARD INDEX FDS VTI	VTI	3,062	$550.0k3.1k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	625	$80.0k625 shares
CITRIX SYS INC CTXS	CTXS	504	$52.0k504 shares
ISHARES TR EFAV	EFAV	910	$52.0k910 shares
TWITTER INC TWTR	TWTR	778	$34.0k778 shares
ISHARES TR AIA	AIA	689	$34.0k689 shares
SCHWAB STRATEGIC TR SCHP	SCHP	566	$29.0k566 shares
FIRST TR EXCHANGE-TRADED FD FTCS	FTCS	408	$27.0k408 shares
ISHARES TR		923	$24.0k923 shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	141	$23.0k141 shares
ISHARES TR IBMP	IBMP	953	$23.0k953 shares
ATLASSIAN CORP PLC		100	$21.0k100 shares
GSK PLC GSK	GSK	643	$19.0k643 shares
ISHARES INC EEMV	EEMV	370	$19.0k370 shares
GAMING & LEISURE PPTYS INC GLPI	GLPI	300	$13.0k300 shares
ISHARES TR FLOT	FLOT	192	$10.0k192 shares
DUKE REALTY CORP DRE	DRE	153	$7.0k153 shares
SELECT SECTOR SPDR TR XLRE	XLRE	200	$7.0k200 shares
LUMEN TECHNOLOGIES INC LUMN	LUMN	623	$5.0k623 shares
ABIOMED INC ABMD	ABMD	17	$4.0k17 shares
BEYOND MEAT INC		300	$4.0k300 shares
PENN ENTERTAINMENT INC PENN	PENN	84	$2.0k84 shares
PVH CORPORATION PVH	PVH	51	$2.0k51 shares
NIELSEN HLDGS PLC NLSN	NLSN	61	$2.0k61 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	200	$76.5k200 shares	Unchanged