PFS Investments Portfolio holdings

AUM $6.12B

AUM

$6.12B

AUM Growth

+$355M (+6%)

Cap. Flow

+$290M

Cap. Flow % of AUM

4.74%

Top 10 Holdings %Top 10 Hldgs %

21.59%

Holding

543

New

Increased

364

Reduced

107

Closed

Top Buys

1	M&T Bank MTB	$28M
2	iShares Core MSCI EAFE ETF IEFA	$27M
3	Invesco Russell 1000 Dynamic Multifactor ETF OMFL	$24.4M
4	CRH CRH	$20.1M
5	Capital One COF	$17M

Top Sells

1	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$120M
2	iShares Core S&P 500 ETF IVV	$46.4M
3	Broadcom AVGO	$26.3M
4	Invesco QQQ Trust QQQ	$19.9M
5	iShares MSCI Japan ETF EWJ	$13.3M

Sector Composition

1	Technology	9.14%
2	Healthcare	7.35%
3	Financials	5.87%
4	Industrials	4.43%
5	Energy	3.63%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares MBS ETF MBB $37.9B	$187M	3.06%	2,010,319 +181,933	+10%	+$17M
2	2 SPDR Portfolio Developed World ex-US ETF SPDW $27B	$169M	2.76%	5,188,322 +348,043	+7%	+$11.3M
3	3 SPDR Portfolio S&P 500 Growth ETF SPYG $35.3B	$138M	2.25%	2,262,024 +194,385	+9%	+$11.9M
4	4 Invesco NASDAQ 100 ETF QQQM $49.1B	$136M	2.21%	892,329 +41,376	+5%	+$6.29M
5	5 iShares Core S&P 500 ETF IVV $591B	$134M	2.18%	300,060 -104,121	-26%	-$46.4M
6	6 SPDR Portfolio S&P 500 Value ETF SPYV $26B	$130M	2.12%	3,010,747 -157,299	-5%	-$6.8M
7	7 iShares MSCI USA Quality Factor ETF QUAL $52B	$121M	1.98%	900,552 +124,641	+16%	+$16.8M
8	8 SPDR Portfolio Emerging Markets ETF SPEM $11.8B	$115M	1.88%	3,339,872 +425,369	+15%	+$14.6M
9	9 Invesco QQQ Trust QQQ $341B	$104M	1.7%	281,931 -53,949	-16%	-$19.9M
10	10 Invesco Russell 1000 Dynamic Multifactor ETF OMFL $4.88B	$87.7M	1.43%	1,791,135 +497,976	+39%	+$24.4M
11	11 Invesco S&P 500 Equal Weight ETF RSP $72.3B	$85.5M	1.4%	571,391 +44,511	+8%	+$6.66M
12	12 JPMorgan Equity Premium Income ETF JEPI $39.8B	$80.4M	1.31%	1,452,338 +19,380	+1%	+$1.07M
13	13 iShares Core MSCI EAFE ETF IEFA $141B	$80M	1.31%	1,185,342 +400,199	+51%	+$27M
14	14 Comcast CMCSA $130B	$79.1M	1.29%	1,903,442 +45,853	+2%	+$1.91M
15	15 Cisco CSCO $262B	$71.6M	1.17%	1,384,382 +37,267	+3%	+$1.93M
16	16 Invesco S&P 500 Quality ETF SPHQ $13.9B	$70.9M	1.16%	1,404,852 +65,655	+5%	+$3.31M
17	17 Broadcom AVGO $1.16T	$69.9M	1.14%	80,531 -30,375	-27%	-$26.3M
18	18 iShares MSCI USA Min Vol Factor ETF USMV $24B	$66M	1.08%	887,948 +176,479	+25%	+$13.1M
19	19 JPMorgan Chase JPM $738B	$60.7M	0.99%	417,575 +21,056	+5%	+$3.06M
20	20 Invesco S&P 500 Pure Value ETF RPV $1.33B	$58M	0.95%	747,927 +31,845	+4%	+$2.47M
21	21 United Parcel Service UPS $83.2B	$53.7M	0.88%	299,718 +6,542	+2%	+$1.17M
22	22 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.33B	$53.1M	0.87%	1,281,006 +25,745	+2%	+$1.07M
23	23 Enbridge ENB $101B	$52.8M	0.86%	1,420,970 +76,046	+6%	+$2.83M
24	24 Bristol-Myers Squibb BMY $98.5B	$52.4M	0.86%	819,878 +38,938	+5%	+$2.49M
25	25 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $14.8B	$50.5M	0.83%	999,044 +109,827	+12%	+$5.55M