13F
中
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Advocacy Wealth Management Services, LLC

13F equity value
$2.3B
Positions
143
Top 10 concentration
50.0%
Quarters / total new picks
22 / 188
13F equity value over time
$0M$1B$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 22 quarters, returned +3.3% per quarter — versus +3.4% per quarter from simply owning every 13F stock. It beat that baseline in only 45.5% of quarters (excess t = -0.63, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.0%
t-stat
-0.63
Quarterly win rate
46%
Annualized excess
-0.2%
$1 → follow vs universe
$1.87 vs $1.89
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620210630: universe 1.69220210930: universe 1.51920211231: universe 1.29220220331: universe 1.38720220930: universe 1.49020230331: universe 1.57020250630: universe 1.62020250930: universe 1.82120251231: universe 1.884 20180331: follow 0.93720180630: follow 0.90420180930: follow 0.95620181231: follow 0.93320190331: follow 0.93020190630: follow 1.02220190930: follow 1.09920191231: follow 0.84120200331: follow 0.95320200630: follow 1.04920200930: follow 1.00120201231: follow 0.91520210331: follow 1.12720210630: follow 1.14820210930: follow 1.25020211231: follow 1.25720220331: follow 1.37420220930: follow 1.46520230331: follow 1.47820250630: follow 1.58320250930: follow 1.60920251231: follow 1.866 0.77 1.40 2.03 2018201920202021202220232025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 143 · 2026 Q1

Ticker Value Weight QoQ
SPYM $305M
13.5%
ADD
IVE $108M
4.8%
TRIM
SPTL $105M
4.6%
ADD
LDUR $104M
4.6%
ADD
PYLD $103M
4.5%
ADD
SPDW $95M
4.2%
HOLD
IVW $94M
4.2%
ADD
DYNF $87M
3.9%
TRIM
QUAL $77M
3.4%
TRIM
CLOA $55M
2.4%
ADD
BAI $54M
2.4%
ADD
PMBS $53M
2.3%
TRIM
DMBS $52M
2.3%
ADD
BOND $50M
2.2%
ADD
SCHM $49M
2.2%
HOLD
SPEM $48M
2.1%
ADD
MTUM $48M
2.1%
ADD
THRO $44M
1.9%
ADD
EMXC $41M
1.8%
TRIM
SHLD $33M
1.5%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

CVXIUSBJPMMSCISPSKSPUS

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.