Financial Advocates Investment Management

OLYMPIA, WA · CIK 1730293 · 13F filing filed 2025-08-12

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$1.2bn reported value -14.0% vs Q1 2025

610positions

23.6%in top 10

61 new 141 added 393 reduced 158 sold out vs Q1 2025

Options: 3 call positions ($1.0m notional), 14 put positions ($2.4m notional) – listed below, not included above.

Holdings, Q2 2025

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	APPLE INC COM AAPL	AAPL	222,140	$45.6m3.72%	3.72%	Added +133.3k	+133,275 150.0%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	69,158	$42.7m3.49%	3.49%	Reduced -5.8k	-5,831 -7.8%
3	NVIDIA CORPORATION COM NVDA	NVDA	243,418	$38.5m3.14%	3.14%	Reduced -216.4k	-216,427 -47.1%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	95,096	$28.9m2.36%	2.36%	Reduced -4.8k	-4,774 -4.8%
5	MICROSOFT CORP COM MSFT	MSFT	52,668	$26.2m2.14%	2.14%	Added +24.0k	+23,990 83.7%
6	ISHARES TR CORE MSCI EAFE IEFA	IEFA	299,399	$25.0m2.04%	2.04%	New
7	ISHARES TR US TREAS BD ETF GOVT	GOVT	945,646	$21.7m1.78%	1.78%	Added +64.1k	+64,088 7.3%
8	ISHARES TR CORE S&P US GWT IUSG	IUSG	138,416	$20.8m1.70%	1.70%	Reduced -16.7k	-16,714 -10.8%
9	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	112,302	$20.5m1.68%	1.68%	Added +14.7k	+14,679 15.0%
10	ISHARES INC CORE MSCI EMKT IEMG	IEMG	308,002	$18.5m1.51%	1.51%	Added +59.0k	+59,002 23.7%
11	ISHARES TR S&P 500 GRWT ETF IVW	IVW	160,919	$17.7m1.45%	1.45%	Reduced -53.9k	-53,911 -25.1%
12	SPDR GOLD TR GOLD SHS GLD	GLD	51,658	$15.7m1.29%	1.29%	Reduced -16.1k	-16,123 -23.8%
13	ISHARES TR MBS ETF MBB	MBB	165,673	$15.6m1.27%	1.27%	Added +11.5k	+11,536 7.5%
14	J P MORGAN EXCHANGE TRADED F ACTIVE GROWTH JGRO	JGRO	172,395	$14.8m1.21%	1.21%	Reduced -13.5k	-13,506 -7.3%
15	ISHARES TR CORE S&P500 ETF IVV	IVV	23,079	$14.3m1.17%	1.17%	Reduced -581	-581 -2.5%
16	ISHARES TR CORE S&P US VLU IUSV	IUSV	148,062	$14.0m1.14%	1.14%	Added +4.9k	+4,915 3.4%
17	TESLA INC COM TSLA	TSLA	42,137	$13.4m1.09%	1.09%	Reduced -1.6k	-1,629 -3.7%
18	SPDR SER TR BLOOMBERG 3-12 M BILS	BILS	129,678	$12.9m1.05%	1.05%	Reduced -1.5k	-1,468 -1.1%
19	AXON ENTERPRISE INC COM AXON	AXON	15,324	$12.7m1.04%	1.04%	Reduced -117	-117 -0.8%
20	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	174,230	$12.7m1.03%	1.03%	New
21	AMAZON COM INC COM AMZN	AMZN	57,225	$12.6m1.03%	1.03%	Reduced -61.1k	-61,053 -51.6%
22	ISHARES TR CORE S&P MCP ETF IJH	IJH	202,409	$12.6m1.03%	1.03%	Reduced -73.2k	-73,247 -26.6%
23	ISHARES TR RUSSELL 2000 ETF IWM	IWM	54,255	$11.7m0.96%	0.96%	Added +50.3k	+50,259 1257.7%
24	ISHARES TR S&P 500 VAL ETF IVE	IVE	59,354	$11.6m0.95%	0.95%	Reduced -896	-896 -1.5%
25	ISHARES TR CORE S&P SCP ETF IJR	IJR	105,945	$11.6m0.95%	0.95%	New
26	CAPITAL GROUP DIVIDEND VALUE SHS CREATION UNI CGDV	CGDV	276,899	$10.9m0.89%	0.89%	Reduced -28.7k	-28,720 -9.4%
27	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	144,105	$10.6m0.87%	0.87%	Reduced -6.7k	-6,742 -4.5%
28	INVESCO EXCHANGE TRADED FD T S&P500 QUALITY SPHQ	SPHQ	141,025	$10.0m0.82%	0.82%	New
29	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	104,580	$10.0m0.81%	0.81%	Reduced -255.1k	-255,136 -70.9%
30	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	172,588	$9.0m0.74%	0.74%	Added +22.6k	+22,615 15.1%
31	WISDOMTREE TR INTL QULTY DIV IQDG	IQDG	215,621	$8.5m0.70%	0.70%	Added +81.0k	+80,995 60.2%
32	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	15,312	$8.4m0.69%	0.69%	Reduced -13.5k	-13,485 -46.8%
33	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	73,073	$7.3m0.60%	0.60%	New
34	SPDR SER TR PORTFOLIO INTRMD SPIB	SPIB	207,863	$7.0m0.57%	0.57%	Reduced -3.6k	-3,560 -1.7%
35	PACER FDS TR US CASH COWS 100 COWZ	COWZ	124,783	$6.9m0.56%	0.56%	Reduced -105.9k	-105,862 -45.9%
36	ISHARES TR GLB INFRASTR ETF IGF	IGF	114,399	$6.8m0.55%	0.55%	Added +45.0k	+45,029 64.9%
37	ISHARES TR AGGRES ALLOC ETF AOA	AOA	71,266	$5.9m0.49%	0.49%	Added +2.0k	+2,010 2.9%
38	ISHARES TR CORE TOTAL USD IUSB	IUSB	127,816	$5.9m0.48%	0.48%	Added +85.8k	+85,759 203.9%
39	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	70,394	$5.8m0.48%	0.48%	Reduced -18.0k	-18,006 -20.4%
40	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	49,679	$5.7m0.47%	0.47%	Reduced -1.6k	-1,556 -3.0%
41	PACER FDS TR TRENDP US LAR CP PTLC	PTLC	107,544	$5.5m0.45%	0.45%	Reduced -7.0k	-6,980 -6.1%
42	VISA INC COM CL A V	V	15,107	$5.4m0.44%	0.44%	Added +7.8k	+7,817 107.2%
43	MICROSTRATEGY INC CL A NEW MSTR	MSTR	13,011	$5.3m0.43%	0.43%	Reduced -129	-129 -1.0%
44	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	173,962	$5.3m0.43%	0.43%	Added +4.1k	+4,059 2.4%
45	META PLATFORMS INC CL A META	META	7,042	$5.2m0.42%	0.42%	Reduced -3.3k	-3,268 -31.7%
46	NORTHERN LTS FD TR IV INSPIRE 100 ETF BIBL	BIBL	124,690	$5.2m0.42%	0.42%	Added +3.4k	+3,400 2.8%
47	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	102,200	$5.1m0.42%	0.42%	Added +26.2k	+26,211 34.5%
48	CATERPILLAR INC COM CAT	CAT	13,193	$5.1m0.42%	0.42%	Reduced -460	-460 -3.4%
49	ISHARES TR NATIONAL MUN ETF MUB	MUB	48,064	$5.0m0.41%	0.41%	Reduced -1.6k	-1,623 -3.3%
50	ISHARES TR CORE US AGGBD ET AGG	AGG	48,601	$4.8m0.40%	0.40%	Reduced -123.2k	-123,164 -71.7%
51	SPDR SER TR S&P 400 MDCP GRW MDYG	MDYG	55,022	$4.8m0.39%	0.39%	Reduced -11.8k	-11,765 -17.6%
52	ISHARES TR 7-10 YR TRSY BD IEF	IEF	48,034	$4.7m0.38%	0.38%	Reduced -33.8k	-33,801 -41.3%
53	INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 XLG	XLG	86,963	$4.5m0.37%	0.37%	Reduced -103.6k	-103,642 -54.4%
54	SPDR SER TR S&P 600 SMCP VAL SLYV	SLYV	56,427	$4.5m0.37%	0.37%	Added +10.5k	+10,508 22.9%
55	ALPHABET INC CAP STK CL A GOOGL	GOOGL	25,365	$4.5m0.37%	0.37%	Added +13.2k	+13,158 107.8%
56	AMERICAN CENTY ETF TR INTL EQT ETF AVDE	AVDE	60,314	$4.5m0.36%	0.36%	New
57	FIRST TR EXCHNG TRADED FD VI FT VEST LADDERED BUFR	BUFR	138,682	$4.4m0.36%	0.36%	Added +66.4k	+66,357 91.8%
58	FIRST TR EXCHANGE TRADED FD RISNG DIVD ACHIV RDVY	RDVY	69,579	$4.4m0.36%	0.36%	Reduced -1.9k	-1,932 -2.7%
59	VANGUARD INDEX FDS SMALL CP ETF VB	VB	18,361	$4.4m0.36%	0.36%	Added +5.0k	+4,967 37.1%
60	J P MORGAN EXCHANGE TRADED F DIVERSFD EQT ETF JPSE	JPSE	95,024	$4.3m0.35%	0.35%	Reduced -45.6k	-45,596 -32.4%
61	WISDOMTREE TR ITL HDG QTLY DIV IHDG	IHDG	95,785	$4.3m0.35%	0.35%	Reduced -16.1k	-16,122 -14.4%
62	HARTFORD FDS EXCHANGE TRADED TOTAL RTRN ETF HTRB	HTRB	127,242	$4.3m0.35%	0.35%	Added +28.6k	+28,576 29.0%
63	COSTCO WHSL CORP NEW COM COST	COST	4,289	$4.2m0.35%	0.35%	Reduced -3.3k	-3,328 -43.7%
64	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	53,837	$4.2m0.35%	0.35%	Reduced -4.2k	-4,226 -7.3%
65	SPDR SER TR PORTFLI INTRMDIT SPTI	SPTI	146,384	$4.2m0.34%	0.34%	Added +9.4k	+9,396 6.9%
66	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	30,829	$4.2m0.34%	0.34%	Added +65	+65 0.2%
67	FIRST TR EXCHANGE TRADED FD NASD TECH DIV TDIV	TDIV	45,951	$4.1m0.34%	0.34%	Added +3.1k	+3,085 7.2%
68	ISHARES TR MODERT ALLOC ETF AOM	AOM	89,455	$4.1m0.34%	0.34%	Added +3.0k	+2,983 3.5%
69	ISHARES TR CORE DIV GRWTH DGRO	DGRO	63,666	$4.1m0.33%	0.33%	Added +2.8k	+2,815 4.6%
70	ISHARES TR 20 YR TR BD ETF TLT	TLT	46,412	$4.1m0.33%	0.33%	Added +3.0k	+2,958 6.8%
71	ELI LILLY & CO COM LLY	LLY	5,144	$4.0m0.33%	0.33%	Reduced -1.0k	-1,047 -16.9%
72	JPMORGAN CHASE & CO COM JPM	JPM	13,604	$3.9m0.32%	0.32%	Reduced -5.7k	-5,697 -29.5%
73	INVESCO EXCH TRADED FD TR II S&P 500 MOMNTM SPMO	SPMO	34,946	$3.9m0.32%	0.32%	Added +493	+493 1.4%
74	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	68,420	$3.9m0.32%	0.32%	Added +7.1k	+7,117 11.6%
75	ISHARES TR US AER DEF ETF ITA	ITA	20,354	$3.8m0.31%	0.31%	Added +332	+332 1.7%
76	J P MORGAN EXCHANGE TRADED F US QUALTY FCTR JQUA	JQUA	62,080	$3.7m0.30%	0.30%	Reduced -2.8k	-2,775 -4.3%
77	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	16,106	$3.7m0.30%	0.30%	Reduced -29.4k	-29,433 -64.6%
78	GLOBAL X FDS US INFR DEV ETF PAVE	PAVE	81,553	$3.6m0.29%	0.29%	Reduced -180.7k	-180,723 -68.9%
79	ISHARES TR CORE DIVID ETF DIVB	DIVB	68,694	$3.5m0.28%	0.28%	Reduced -9.5k	-9,477 -12.1%
80	ISHARES SILVER TR ISHARES SLV	SLV	104,147	$3.4m0.28%	0.28%	Reduced -31.1k	-31,133 -23.0%
81	FIRST TR EXCHANGE-TRADED FD CAP STRENGTH ETF FTCS	FTCS	36,211	$3.3m0.27%	0.27%	Reduced -2.3k	-2,272 -5.9%
82	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	6,768	$3.3m0.27%	0.27%	Reduced -6.8k	-6,840 -50.3%
83	FIRST TR EXCHANGE-TRADED FD SMID RISNG ETF SDVY	SDVY	92,965	$3.3m0.27%	0.27%	Reduced -65.0k	-65,039 -41.2%
84	ISHARES TR MSCI USA MIN VOL USMV	USMV	34,680	$3.3m0.27%	0.27%	Reduced -14.9k	-14,870 -30.0%
85	SELECT SECTOR SPDR TR ENERGY XLE	XLE	37,980	$3.2m0.26%	0.26%	Reduced -18.0k	-17,984 -32.1%
86	CHEVRON CORP NEW COM CVX	CVX	21,913	$3.1m0.26%	0.26%	Reduced -6.7k	-6,723 -23.5%
87	VANGUARD WORLD FD UTILITIES ETF VPU	VPU	17,720	$3.1m0.26%	0.26%	Reduced -1.1k	-1,102 -5.8%
88	ABBVIE INC COM ABBV	ABBV	16,633	$3.1m0.25%	0.25%	Added +5.9k	+5,928 55.4%
89	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	57,890	$3.1m0.25%	0.25%	Reduced -284.9k	-284,920 -83.1%
90	FIRST TR VALUE LINE DIVID IN SHS FVD	FVD	67,939	$3.0m0.25%	0.25%	New
91	ALPHABET INC CAP STK CL C GOOG	GOOG	17,053	$3.0m0.25%	0.25%	Added +9.4k	+9,414 123.2%
92	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	5,300	$3.0m0.25%	0.25%	Reduced -4.4k	-4,359 -45.1%
93	FIRST TR EXCHANGE-TRADED FD FST LOW OPPT EFT LMBS	LMBS	60,687	$3.0m0.24%	0.24%	Reduced -546	-546 -0.9%
94	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	116,592	$3.0m0.24%	0.24%	Reduced -9.8k	-9,777 -7.7%
95	J P MORGAN EXCHANGE TRADED F ACTIVE VALUE ETF JAVA	JAVA	45,433	$3.0m0.24%	0.24%	New
96	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	11,642	$2.9m0.24%	0.24%	Reduced -12.2k	-12,176 -51.1%
97	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	81,092	$2.9m0.24%	0.24%	Reduced -1.4k	-1,450 -1.8%
98	BROADCOM INC COM AVGO	AVGO	10,503	$2.9m0.24%	0.24%	Reduced -9.5k	-9,463 -47.4%
99	SPDR SER TR PORTFOLIO CRPORT SPBO	SPBO	98,885	$2.9m0.24%	0.24%	Added +297	+297 0.3%
100	BLACKROCK ETF TRUST ISHARES US EQUIT DYNF	DYNF	52,247	$2.8m0.23%	0.23%	Added +2.4k	+2,413 4.8%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
SPDR SERIES TRUST XME	XME	256,410	$23.5m256.4k shares
ISHARES TR FLOT	FLOT	149,886	$7.7m149.9k shares
VANECK ETF TRUST MOAT	MOAT	79,422	$7.0m79.4k shares
FIRST TR EXCHANGE-TRADED FD FTSL	FTSL	89,282	$4.1m89.3k shares
SELECT SECTOR SPDR TR XLC	XLC	39,876	$3.8m39.9k shares
GOLDMAN SACHS ETF TR GSLC	GSLC	32,945	$3.6m32.9k shares
INVESCO EXCH TRADED FD TR II RWL	RWL	35,687	$3.5m35.7k shares
SIXTH STREET SPECIALTY LENDI TSLX	TSLX	140,390	$3.1m140.4k shares
ISHARES TR IGIB	IGIB	59,447	$3.1m59.4k shares
ALPS ETF TR AMLP	AMLP	58,082	$3.0m58.1k shares
ISHARES TR ACWX	ACWX	52,105	$2.9m52.1k shares
ISHARES TR IGV	IGV	29,277	$2.6m29.3k shares
ISHARES INC EWY	EWY	48,051	$2.6m48.1k shares
GLOBAL X FDS DTCR	DTCR	151,259	$2.5m151.3k shares
INVESCO EXCH TRADED FD TR II KBWB	KBWB	30,112	$1.9m30.1k shares
ISHARES TR ACWI	ACWI	14,081	$1.6m14.1k shares
AMERICAN CENTY ETF TR TAXF	TAXF	32,973	$1.6m33.0k shares
JANUS DETROIT STR TR JBBB	JBBB	31,822	$1.5m31.8k shares
ISHARES TR IOO	IOO	12,620	$1.2m12.6k shares
ABRDN TOTAL DYNAMIC DIVIDEND XAODX	XAODX	136,682	$1.1m136.7k shares
ISHARES TR HYG	HYG	14,230	$1.1m14.2k shares
SPDR SER TR SPMB	SPMB	47,278	$1.0m47.3k shares
EATON VANCE SR FLTNG RTE TR XEFRX	XEFRX	83,839	$1.0m83.8k shares
INVESCO EXCHANGE TRADED FD T SPGP	SPGP	9,607	$959.5k9.6k shares
ISHARES TR IDU	IDU	9,276	$940.8k9.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR GOLD TR GLD · Put	GLD	Put	2,900	$884.0k2.9k shares	Unchanged
FISERV INC FISV · Call	FISV	Call	4,000	$689.6k4.0k shares	New
INVESCO QQQ TR QQQ · Put	QQQ	Put	900	$496.5k900 shares	New
SNOWFLAKE INC SNOW · Put	SNOW	Put	1,000	$223.8k1.0k shares	Reduced
AMAZON COM INC AMZN · Call	AMZN	Call	900	$197.5k900 shares	New
ISHARES TR IBB · Put	IBB	Put	1,500	$189.8k1.5k shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300	$185.4k300 shares	Reduced
ABRDN PLATINUM ETF TRUST PPLT · Call	PPLT	Call	1,000	$122.9k1.0k shares	New
ORACLE CORP ORCL · Put	ORCL	Put	500	$109.3k500 shares	Reduced
ISHARES TR EEM · Put	EEM	Put	1,500	$72.4k1.5k shares	New
MICROSOFT CORP MSFT · Put	MSFT	Put	100	$49.7k100 shares	New
ISHARES SILVER TR SLV · Put	SLV	Put	1,500	$49.2k1.5k shares	Added
VANECK ETF TRUST GDX · Put	GDX	Put	700	$36.4k700 shares	New
TESLA INC TSLA · Put	TSLA	Put	100	$31.8k100 shares	Reduced
ISHARES BITCOIN TRUST ETF IBIT · Put	IBIT	Put	400	$24.5k400 shares	New
LULULEMON ATHLETICA INC LULU · Put	LULU	Put	100	$23.8k100 shares	New
HUT 8 CORP HUT · Put	HUT	Put	500	$9.3k500 shares	New