Fortis Advisors, LLC

WAYNE, PA · CIK 1697478 · 13F filing filed 2024-12-04

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$584.3m
Staff5 · 3 in investment roles
Main clients (by assets)High net worth individuals 34%, Private funds 28%, Other advisers 26%
Private funds6 · $163.1m gross assets
Form ADV · 2026-03-27SEC adviser record

Kindreal estate, structured credit, wealth
Others nearbyWayne, PA

As an employer

Offices in1 country
Private fundsreal estate 4, securitized asset 2

$139.8m reported value -8.7% vs Q1 2023

89positions

57.9%in top 10

3 new 28 added 25 reduced 185 sold out vs Q1 2023

Holdings, Q2 2023

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	VANGUARD BD INDEX FDS VANGUARD ULTRA VUSB	VUSB	389,234	$19.1m13.69%	13.69%	Added +1.8k	+1,773 0.5%
2	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	173,813	$13.1m9.40%	9.40%	Reduced -4.4k	-4,417 -2.5%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	157,353	$7.3m5.20%	5.20%	Added +6.3k	+6,275 4.2%
4	VANGUARD WELLINGTON FD US VALUE FACTR VFVA	VFVA	104,383	$7.0m4.99%	4.99%	Reduced -1.9k	-1,937 -1.8%
5	SSGA ACTIVE ETF TR SPDR TR TACTIC TOTL	TOTL	197,039	$6.6m4.73%	4.73%	Added +1.4k	+1,448 0.7%
6	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	38,599	$6.3m4.48%	4.48%	Added +976	+976 2.6%
7	ISHARES TR GLB CNSM STP ETF KXI	KXI	126,628	$6.1m4.35%	4.35%	Added +4.4k	+4,435 3.6%
8	FIDELITY COVINGTON TRUST MSCI UTILS INDEX FUTY	FUTY	146,532	$5.5m3.91%	3.91%	Reduced -2.3k	-2,259 -1.5%
9	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	69,323	$5.0m3.60%	3.60%	Added +879	+879 1.3%
10	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	130,980	$5.0m3.57%	3.57%	Reduced -78	-78 -0.1%
11	GLOBAL X FDS GLB X MLP ENRG I MLPX	MLPX	137,217	$4.7m3.35%	3.35%	Reduced -33	-33 -0.0%
12	VANGUARD WORLD FD HEALTH CAR ETF VHT	VHT	41,993	$4.0m2.87%	2.87%	Added +269	+269 0.6%
13	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	128,330	$3.9m2.82%	2.82%	Reduced -2.6k	-2,646 -2.0%
14	ISHARES INC MSCI EMRG CHN EMXC	EMXC	71,785	$3.7m2.67%	2.67%	Added +464	+464 0.7%
15	FEDERATED HERMES INC CL B FHI	FHI	76,314	$2.7m1.96%	1.96%	Unchanged
16	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	46,788	$2.2m1.61%	1.61%	Added +416	+416 0.9%
17	VANGUARD WORLD FD EXTENDED DUR EDV	EDV	22,704	$2.0m1.41%	1.41%	New
18	INVESCO EXCHANGE TRADED FD T S&P500 EQL ENR RSPG	RSPG	25,534	$1.7m1.25%	1.25%	Added +2.3k	+2,288 9.8%
19	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	23,840	$1.5m1.06%	1.06%	Unchanged
20	ALPHABET INC CAP STK CL C GOOG	GOOG	11,367	$1.4m0.98%	0.98%	Reduced -533	-533 -4.5%
21	APPLE INC COM AAPL	AAPL	7,047	$1.4m0.98%	0.98%	Reduced -1.1k	-1,127 -13.8%
22	ALPS ETF TR ALERIAN MLP AMLP	AMLP	34,710	$1.4m0.97%	0.97%	Added +756	+756 2.2%
23	KEURIG DR PEPPER INC COM KDP	KDP	40,000	$1.3m0.89%	0.89%	Unchanged
24	ISHARES TR US HLTHCARE ETF IYH	IYH	4,233	$1.2m0.85%	0.85%	Added +8	+8 0.2%
25	AMAZON COM INC COM AMZN	AMZN	8,940	$1.2m0.83%	0.83%	Reduced -200	-200 -2.2%
26	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	41,302	$1.1m0.80%	0.80%	Added +143	+143 0.3%
27	ISHARES TR CORE S&P US VLU IUSV	IUSV	12,527	$980.4k0.70%	0.70%	Added +45	+45 0.4%
28	ISHARES TR SHORT TREAS BD SHV	SHV	7,258	$801.6k0.57%	0.57%	Added +84	+84 1.2%
29	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,470	$767.0k0.55%	0.55%	Unchanged
30	ISHARES TR TIPS BD ETF TIP	TIP	6,957	$748.7k0.54%	0.54%	Reduced -831	-831 -10.7%
31	ALPHABET INC CAP STK CL A GOOGL	GOOGL	6,180	$739.7k0.53%	0.53%	Unchanged
32	DEVON ENERGY CORP NEW COM DVN	DVN	13,262	$641.1k0.46%	0.46%	Unchanged
33	ISHARES U S ETF TR SHORT DURATION B NEAR	NEAR	12,792	$636.0k0.45%	0.45%	Added +133	+133 1.1%
34	POTBELLY CORP COM PBPB	PBPB	69,969	$614.3k0.44%	0.44%	Unchanged
35	JOHNSON & JOHNSON COM JNJ	JNJ	3,568	$590.6k0.42%	0.42%	Reduced -770	-770 -17.8%
36	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	5,938	$579.5k0.41%	0.41%	Added +61	+61 1.0%
37	EOG RES INC COM EOG	EOG	4,625	$529.3k0.38%	0.38%	Unchanged
38	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$517.8k0.37%	0.37%	Unchanged
39	IAC INC COM NEW PPLI	PPLI	8,225	$516.5k0.37%	0.37%	Unchanged
40	SPDR GOLD TR GOLD SHS GLD	GLD	2,851	$508.2k0.36%	0.36%	Unchanged
41	MICROSOFT CORP COM MSFT	MSFT	1,433	$488.0k0.35%	0.35%	Reduced -756	-756 -34.5%
42	DISNEY WALT CO COM DIS	DIS	5,322	$475.1k0.34%	0.34%	Added +222	+222 4.3%
43	FREEPORT-MCMORAN INC CL B FCX	FCX	11,800	$472.0k0.34%	0.34%	Unchanged
44	ELEMENT SOLUTIONS INC COM ESI	ESI	23,600	$453.1k0.32%	0.32%	Unchanged
45	BUNGE LIMITED COM BG	BG	4,760	$449.1k0.32%	0.32%	Unchanged
46	AIR LEASE CORP CL A AL	AL	10,325	$432.1k0.31%	0.31%	Unchanged
47	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	3,534	$429.5k0.31%	0.31%	Added +4	+4 0.1%
48	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	8,501	$427.6k0.31%	0.31%	Reduced -28.2k	-28,151 -76.8%
49	SOFI TECHNOLOGIES INC COM SOFI	SOFI	51,150	$426.6k0.31%	0.31%	Added +2.5k	+2,500 5.1%
50	FEDEX CORP COM FDX	FDX	1,650	$409.0k0.29%	0.29%	Reduced -632	-632 -27.7%
51	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	10,010	$407.2k0.29%	0.29%	Added +54	+54 0.5%
52	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	8,634	$400.5k0.29%	0.29%	Added +37	+37 0.4%
53	WALMART INC COM WMT	WMT	2,459	$386.5k0.28%	0.28%	Unchanged
54	FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF CIBR	CIBR	8,436	$383.1k0.27%	0.27%	Unchanged
55	MERCK & CO INC COM MRK	MRK	3,300	$380.8k0.27%	0.27%	Reduced -700	-700 -17.5%
56	CORNING INC COM GLW	GLW	10,775	$377.6k0.27%	0.27%	Unchanged
57	EDWARDS LIFESCIENCES CORP COM EW	EW	4,000	$377.3k0.27%	0.27%	Reduced -500	-500 -11.1%
58	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,175	$361.7k0.26%	0.26%	Unchanged
59	CONOCOPHILLIPS COM COP	COP	3,475	$360.0k0.26%	0.26%	Added +500	+500 16.8%
60	CVS HEALTH CORP COM CVS	CVS	5,100	$352.6k0.25%	0.25%	Unchanged
61	CISCO SYS INC COM CSCO	CSCO	6,793	$351.5k0.25%	0.25%	Unchanged
62	BORGWARNER INC COM BWA	BWA	7,150	$349.7k0.25%	0.25%	Unchanged
63	SPDR SER TR S&P BIOTECH XBI	XBI	4,150	$345.3k0.25%	0.25%	Unchanged
64	NEXTERA ENERGY INC COM NEE	NEE	4,550	$337.6k0.24%	0.24%	Unchanged
65	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	26,275	$329.5k0.24%	0.24%	Unchanged
66	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	2,450	$325.2k0.23%	0.23%	New
67	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	6,060	$315.8k0.23%	0.23%	Added +24	+24 0.4%
68	MASTERCARD INCORPORATED CL A MA	MA	789	$310.3k0.22%	0.22%	Reduced -250	-250 -24.1%
69	VISA INC COM CL A V	V	1,288	$305.9k0.22%	0.22%	Reduced -623	-623 -32.6%
70	CF INDS HLDGS INC COM CF	CF	4,350	$302.0k0.22%	0.22%	Unchanged
71	UNITEDHEALTH GROUP INC COM UNH	UNH	613	$294.6k0.21%	0.21%	Reduced -167	-167 -21.4%
72	APTIV PLC SHS 99911EUR	99911EUR	2,875	$293.5k0.21%	0.21%	Unchanged
73	LOWES COS INC COM LOW	LOW	1,277	$288.2k0.21%	0.21%	Reduced -538	-538 -29.6%
74	BROOKFIELD CORP CL A LTD VT SH BN	BN	8,250	$277.6k0.20%	0.20%	Unchanged
75	META PLATFORMS INC CL A META	META	912	$261.7k0.19%	0.19%	Reduced -327	-327 -26.4%
76	CONSTELLATION BRANDS INC CL A STZ	STZ	981	$241.5k0.17%	0.17%	Unchanged
77	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	692	$236.0k0.17%	0.17%	Reduced -41	-41 -5.6%
78	UNION PAC CORP COM UNP	UNP	1,125	$230.2k0.16%	0.16%	New
79	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,000	$201.8k0.14%	0.14%	Reduced -500	-500 -20.0%
80	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	96,701	$140.9k0.10%	0.10%	Added +3.3k	+3,337 3.6%
81	INVESCO EXCH TRADED FD TR II DORSEY WRGT SMLC DWAS	DWAS	12,763	$86.2k0.06%	0.06%	Added +786	+786 6.6%
82	DOLPHIN ENTMT INC COM NEW DLPN	DLPN	40,000	$68.8k0.05%	0.05%	Unchanged
83	POLESTAR AUTOMOTIVE HLDG UK ADS A ADS A		10,000	$38.2k0.03%	0.03%	Unchanged
84	RIBBON COMMUNICATIONS INC COM RBBN	RBBN	10,000	$27.9k0.02%	0.02%	Unchanged
85	VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF VPL	VPL	17,281	$17.3k0.01%	0.01%	Added +598	+598 3.6%
86	INVESCO EXCHANGE TRADED FD T DORSEY WRGT CSMR PEZ	PEZ	15,005	$15.0k0.01%	0.01%	Added +139	+139 0.9%
87	ISHARES TR GLOBAL REIT ETF REET	REET	14,663	$14.7k0.01%	0.01%	Reduced -96	-96 -0.7%
88	VINTAGE WINE ESTATES INC COM COM		15,000	$12.8k0.01%	0.01%	Unchanged
89	ISHARES TR MSCI AC ASIA ETF AAXJ	AAXJ	10,537	$10.5k0.01%	0.01%	Reduced -197	-197 -1.8%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
UNITED PARCEL SERVICE INC UPS	UPS	18,183	$3.5m18.2k shares
ISHARES TR AGG	AGG	3,887	$387.3k3.9k shares
TRUIST FINL CORP TFC	TFC	8,456	$288.3k8.5k shares
ABBVIE INC ABBV	ABBV	1,656	$263.9k1.7k shares
JPMORGAN CHASE & CO JPM	JPM	2,000	$260.6k2.0k shares
VANGUARD INDEX FDS VBR	VBR	1,576	$250.3k1.6k shares
ANALOG DEVICES INC ADI	ADI	1,250	$246.5k1.2k shares
TEXAS PACIFIC LAND CORPORATI TPL	TPL	125	$212.6k125 shares
ISHARES TR FLOT	FLOT	4,137	$208.5k4.1k shares
NUTRIEN LTD NTR	NTR	2,625	$193.9k2.6k shares
SCHWAB STRATEGIC TR SCHZ	SCHZ	3,965	$186.0k4.0k shares
DIMENSIONAL ETF TRUST DFIV	DFIV	5,543	$178.7k5.5k shares
INTUIT INTU	INTU	400	$178.3k400 shares
AMERIPRISE FINL INC AMP	AMP	581	$178.1k581 shares
BANK AMERICA CORP BAC	BAC	6,000	$171.6k6.0k shares
MOTOROLA SOLUTIONS INC MSI	MSI	596	$170.5k596 shares
T-MOBILE US INC TMUS	TMUS	1,150	$166.6k1.1k shares
AGILENT TECHNOLOGIES INC A	A	1,200	$166.0k1.2k shares
KKR & CO INC KKR	KKR	3,000	$157.6k3.0k shares
CARMAX INC KMX	KMX	2,450	$157.5k2.5k shares
FIRST CTZNS BANCSHARES INC N FCNCA	FCNCA	150	$146.0k150 shares
DIMENSIONAL ETF TRUST DFUV	DFUV	4,154	$139.1k4.2k shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	1,962	$136.0k2.0k shares
GENERAL MLS INC GIS	GIS	1,581	$135.1k1.6k shares
ISHARES TR MBB	MBB	1,414	$134.0k1.4k shares