PFS Investments Portfolio holdings

AUM $6.12B

1-Year Return 12.74%

2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4

This Quarter Return

+5.83%

1 Year Return

+12.74%

3 Year Return

+36.33%

5 Year Return

+56.57%

10 Year Return

–

AUM

$3.91B

AUM Growth

+$347M (+9.8%)

Cap. Flow

+$237M

Cap. Flow % of AUM

6.06%

Top 10 Holdings % Top 10 Hldgs %

22.7%

Holding

375

New

Increased

203

Reduced

Closed

Top Buys

1	SPDR Portfolio S&P 400 Mid Cap ETF SPMD	$84M
2	SPDR Portfolio Developed World ex-US ETF SPDW	$81.2M
3	SPDR Portfolio S&P 600 Small Cap ETF SPSM	$70M
4	iShares Select Dividend ETF DVY	$40.3M
5	iShares 7-10 Year Treasury Bond ETF IEF	$39M

Top Sells

1	iShares MSCI USA Quality Factor ETF QUAL	$82.8M
2	iShares Core S&P Mid-Cap ETF IJH	$69M
3	SPDR Portfolio Emerging Markets ETF SPEM	$60.7M
4	Invesco S&P 500 Low Volatility ETF SPLV	$59.9M
5	Invesco S&P International Developed Low Volatility ETF IDLV	$50.5M

Sector Composition

1	Technology	5.35%
2	Financials	4.41%
3	Healthcare	4.11%
4	Communication Services	3.14%
5	Industrials	2.32%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
276	276 Vanguard FTSE Developed Markets ETF VEA $171B	$744K	0.02%	+15,141	New	+$744K
277	277 Murphy USA MUSA $7.29B	$672K	0.02%	+4,647	New	+$672K
278	278 RH RH $4.65B	$672K	0.02%	+1,127	New	+$672K
279	LSXMA 279 DELISTED Liberty Media Corporation Series A Liberty SiriusXM Common Stock LSXMA	$655K	0.02%	20,224 +3,319	+20%	+$107K
280	280 Vanguard World Funds Extended Duration ETF EDV $3.62B	$603K	0.02%	4,808 -166	-3%	-$20.8K
281	281 iShares Core High Dividend ETF HDV $11.5B	$588K	0.02%	6,200 -201	-3%	-$19.1K
282	282 MasTec MTZ $13.7B	$583K	0.01%	+6,224	New	+$583K
283	AMED 283 DELISTED Amedisys AMED	$575K	0.01%	+2,172	New	+$575K
284	284 Ulta Beauty ULTA $23.3B	$545K	0.01%	+1,764	New	+$545K
285	285 Jacobs Solutions J $17.1B	$544K	0.01%	+5,086	New	+$544K
286	286 Devon Energy DVN $22.1B	$540K	0.01%	+24,716	New	+$540K
287	287 Zillow ZG $20.1B	$497K	0.01%	+3,780	New	+$497K
288	288 lululemon athletica LULU $20.4B	$482K	0.01%	+1,572	New	+$482K
289	289 Liberty Broadband Class A LBRDA $8.6B	$479K	0.01%	3,297 +619	+23%	+$89.9K
290	290 Roku ROKU $14.2B	$474K	0.01%	+1,454	New	+$474K
291	291 Applied Materials AMAT $127B	$469K	0.01%	+3,513	New	+$469K
292	SBNY 292 DELISTED Signature Bank SBNY	$469K	0.01%	+2,074	New	+$469K
293	293 Goldman Sachs GS $221B	$463K	0.01%	+1,417	New	+$463K
294	294 United Rentals URI $61.6B	$460K	0.01%	+1,398	New	+$460K
295	295 Marathon Petroleum MPC $54.3B	$442K	0.01%	+8,258	New	+$442K
296	296 Innovative Industrial Properties IIPR $1.59B	$426K	0.01%	+2,364	New	+$426K
297	297 iShares Core 10+ Year USD Bond ETF ILTB $583M	$422K	0.01%	6,157 -207	-3%	-$14.2K
298	IMGN 298 DELISTED Immunogen Inc IMGN	$418K	0.01%	51,600 +8,631	+20%	+$69.9K
299	299 Shopify SHOP $189B	$403K	0.01%	+3,640	New	+$403K
300	SMAR 300 DELISTED Smartsheet Inc. SMAR	$402K	0.01%	+6,289	New	+$402K