Advocacy Wealth Management, LLC — 13F Holdings & Portfolio
CIK 1569452 · latest 13F-HR filed 2026-07-29
Advocacy Wealth Management, LLC manages $2.75B in 13F-reported U.S. long-equity assets across 151 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (18.44%), EMXC (4.46%), SPDW (4.15%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 17 new positions and exited 9; 80 existing positions rose in reported value and 31 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$2.75B
Long-equity book
Holdings
151
Distinct positions
Period
2026-06-30
Filed 2026-07-29
Q/Q Activity
+17 / −9 / ↑80 / ↓31
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26SPYM18.4% · +45%EMXC4.5% · +132%SPDW4.2% · +9%IVW4.0% · -3%PYLD3.9% · +3%LDUR3.9% · +3%DYNF3.7% · -1%IVE3.5% · -17%BAI2.7% · -16%CORO2.5% · newFENI2.5% · newSCHM2.3% · +8%IALT2.2% · newCLOA2.1% · +4%PMBS2.0% · +3%DMBS1.9% · +4%BOND1.9% · +4%MTUM1.9% · -25%IUSB1.8% · +168%SPTL1.5% · -59%SHLD1.3% · +25%FSMD1.2% · +8%THRO1.2% · -39%GOOGL1.1% · -0%RSP1.0% · +4%LLY1.0% · -1%BINC0.9% · +2664%NVDA0.9% · +2%BNDX0.9% · +10%AMZN0.8% · -0%MBB0.8% · +4%MSFT0.7% · +1%VRT0.7% · -1%V0.7% · -1%ANET0.7% · -1%AAPL0.6% · +2%UBER0.6% · +24%EW0.6% · -2%KO0.6% · +1%SYK0.6% · +24%IAU0.5% · +7%TTWO0.5% · -2%SPGI0.5% · -2%SCHW0.5% · -3%APH0.5% · -3%ASML0.4% · -33%NFLX0.4% · -2%PANW0.4% · -60%ABT0.4% · -6%NOW0.4% · -14%ETN0.4% · newWTAI0.3% · -13%IEFA0.3% · +5%ICE0.3% · -2%VTV0.3% · +38%ALC0.3% · +99%INTU0.3% · -11%LOW0.3% · -31%CHD0.2% · +2%SPTM0.2% · 0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
6 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 51.2%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 3, 2026.
Assets Under Management
$3.24B
Discretionary
$3.14B
Employees
36
Accounts
2,234
Address
3455 PEACHTREE ROAD NE
SUITE 1500
ATLANTA, GA 30326-3433
SUITE 1500
ATLANTA, GA 30326-3433
Phone
(404) 836-7146
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BUTLER, JAY, JOSEPH Control | CHIEF FINANCIAL OFFICER since Jan 2026 | Less than 5% | Individual |
| JOHNSON, THOMAS, MARION Control | CEO EMERITUS since Jan 2026 | Less than 5% | Individual |
| MARKWALTER, CHARLES, EVERETT Control | CEO since Jan 2026 | Less than 5% | Individual |
| PHILLIPS, COURTLAND, GREENE Control | PRESIDENT since Jan 2026 | 10–25% | Individual |
| PHILLIPS, HENRY, HUNGERFORD SPOONER Control | PRESIDENT since Jan 2026 | 10–25% | Individual |
| THE FORGE COMPANIES, LLC Control | MEMBER since Jan 2026 | 75% or more | Domestic Entity |
| CURLESS, JULIE, LYNN | CHIEF COMPLIANCE OFFICER since Jul 2026 | Less than 5% | Individual |
| T.A. FORGE AGGREGATOR ,L.P. Control Indirect owner via THE FORGE COMPANIES, LLC | MANAGING MEMBER since Jan 2026 | 75% or more | Domestic Entity |
Ownership & leadership changes · 14 filings with changes since Mar 9, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Aug 3, 2026 filing
- No longer listedKEISTER, REBECCA, MITCHELL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2024
- No longer listedWAYNE IV, PETER, H · GENERAL COUNSEL · Less than 5% · control person · listed since Jan 2026
- AddedCURLESS, JULIE, LYNN · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 26, 2026 filing
- No longer listedPHILLIPS, COURTLAND, GREENE · MANAGING MEMBER · 25–50% · indirect via THE FORGE COMPANIES, LLC · control person · listed since Aug 2006
- No longer listedPHILLIPS, HENRY, HUNGERFORD SPOONER · MANAGING MEMBER · 50–75% · indirect via THE FORGE COMPANIES, LLC · control person · listed since Aug 2006
- No longer listedZEIGLER, NESHA, PRATT · MANAGING DIRECTOR · Less than 5% · control person · listed since Aug 2024
- AddedPHILLIPS, COURTLAND, GREENE · PRESIDENT · 10–25% · control person
- AddedPHILLIPS, HENRY, HUNGERFORD SPOONER · PRESIDENT · 10–25% · control person
- AddedT.A. FORGE AGGREGATOR ,L.P. · MANAGING MEMBER · 75% or more · indirect via THE FORGE COMPANIES, LLC · control person
- AddedWAYNE IV, PETER, H · GENERAL COUNSEL · Less than 5% · control person
- Listed againBUTLER, JAY, JOSEPH · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 25, 2025 filing
- No longer listedBUTLER, JAY, JOSEPH · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2020
- No longer listedDENEHY, TIMOTHY, JOHN · PRESIDENT · Less than 5% · control person · listed since Aug 2020
- No longer listedFORGE CONSULTING LLC · MEMBER · 75% or more · control person · listed since Aug 2006
- No longer listedPHILLIPS, COURTLAND, GREENE · MANAGING MEMBER · 25–50% · indirect via FORGE CONSULTING LLC · control person · listed since Aug 2006
- No longer listedPHILLIPS, HENRY, HUNGERFORD SPOONER · MANAGING MEMBER · 50–75% · indirect via FORGE CONSULTING LLC · control person · listed since Aug 2006
- AddedPHILLIPS, COURTLAND, GREENE · MANAGING MEMBER · 25–50% · indirect via THE FORGE COMPANIES, LLC · control person
- AddedPHILLIPS, HENRY, HUNGERFORD SPOONER · MANAGING MEMBER · 50–75% · indirect via THE FORGE COMPANIES, LLC · control person
- AddedTHE FORGE COMPANIES, LLC · MEMBER · 75% or more · control person
Sep 9, 2024 filing
- AddedKEISTER, REBECCA, MITCHELL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedMARKWALTER, CHARLES, EVERETT · CEO · Less than 5% · control person
- AddedZEIGLER, NESHA, PRATT · MANAGING DIRECTOR · Less than 5% · control person
- ChangedJOHNSON, THOMAS, MARION · title CEO/CCO → CEO EMERITUS
Mar 25, 2021 filing
- AddedBUTLER, JAY, JOSEPH · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedDENEHY, TIMOTHY, JOHN · PRESIDENT · Less than 5% · control person
Mar 27, 2019 filing
- No longer listedPAVENTI, DAVID, MICHAEL · COO · Less than 5% · control person · listed since Jan 2017
- ChangedPHILLIPS, HENRY, HUNGERFORD SPOONER · indirect via FORGE CONSULTING LLC: ownership 25–50% → 50–75%
Dec 11, 2018 filing
- No longer listedSCHELL, CHARLES, THOMAS · MANAGING MEMBER · 25–50% · indirect via FORGE CONSULTING, LLC · control person · listed since Aug 2006
- No longer listedWILKERSON, VICTOR, PATRICK · PRESIDENT, FOUNDING PARTNER · Less than 5% · control person · listed since Feb 2014
Mar 20, 2018 filing
- No longer listedHOSFELD, ANTHONY, WILLIAM · FOUNDING PARTNER · Less than 5% · control person · listed since Feb 2014
Mar 24, 2017 filing
- AddedPAVENTI, DAVID, MICHAEL · COO · Less than 5% · control person
- ChangedJOHNSON, THOMAS, MARION · title PRESIDENT/COO/CCO/EXECUTIVE OFFICER → CEO/CCO
- ChangedWILKERSON, VICTOR, PATRICK · title CHIEF FINANCIAL OFFICER, FOUNDING PARTNER → PRESIDENT, FOUNDING PARTNER
Mar 25, 2016 filing
- ChangedJOHNSON, THOMAS, MARION · title COO/CCO → PRESIDENT/COO/CCO/EXECUTIVE OFFICER; now a control person
Older changes (5 more filings)
Mar 31, 2014 filing
- ChangedHOSFELD, ANTHONY, WILLIAM · title MANAGING PARTNER → FOUNDING PARTNER
- ChangedJOHNSON, THOMAS, MARION · title CCO → COO/CCO
- ChangedWILKERSON, VICTOR, PATRICK · title CHIEF FINANCIAL OFFICER, MANAGING PARTNER → CHIEF FINANCIAL OFFICER, FOUNDING PARTNER
Feb 20, 2013 filing
- ChangedJOHNSON, THOMAS, MARION · no longer a control person
Sep 11, 2012 filing
- AddedHOSFELD, ANTHONY, WILLIAM · MANAGING PARTNER · Less than 5% · control person
- AddedPHILLIPS, COURTLAND, GREENE · MANAGING MEMBER · 25–50% · indirect via FORGE CONSULTING LLC · control person
- AddedPHILLIPS, HENRY, HUNGERFORD SPOONER · MANAGING MEMBER · 25–50% · indirect via FORGE CONSULTING LLC · control person
- AddedSCHELL, CHARLES, THOMAS · MANAGING MEMBER · 25–50% · indirect via FORGE CONSULTING, LLC · control person
Jun 14, 2012 filing
- ChangedJOHNSON, THOMAS, MARION · title CHIEF COMPLIANCE OFFICER → CCO; now a control person
- ChangedWILKERSON, VICTOR, PATRICK · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER, MANAGING PARTNER
Mar 9, 2012 filing (earliest on record)
- ListedFORGE CONSULTING LLC · MEMBER · 75% or more · control person
- ListedJOHNSON, THOMAS, MARION · CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedWILKERSON, VICTOR, PATRICK · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- SPDR SERIES TRUST$202.7M +66.5%
- ISHARES INC$82.0M +201.8%
- ISHARES TR$31.5M +168.1%
- BLACKROCK ETF TRUST II$23.5M +2686.0%
- SPDR INDEX SHS FDS$19.5M +20.6%
Top Trims
- ISHARES TR-$75.8M -98.2%
- SPDR SERIES TRUST-$62.3M -59.5%
- SPDR INDEX SHS FDS-$48.1M -99.2%
- BLACKROCK ETF TRUST-$11.9M -27.0%
- ISHARES TR-$11.4M -10.6%
New Positions
- BLACKROCK ETF TRUST$69.1M
- FIDELITY COVINGTON TRUST$69.0M
- BLACKROCK ETF TRUST$59.4M
- EATON CORP PLC$10.4M
- VIKING HOLDINGS LTD$4.7M
Exited Positions
- ACCENTURE PLC IRELAND$5.5M
- ADOBE INC$5.2M
- FRANKLIN TEMPLETON ETF TR$3.3M
- ISHARES TR$1.2M
- INVESCO EXCHANGE TRADED FD T$812.7K
Advocacy Wealth Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | SPYM | 78464A854 | $507.6M | 18.44% | 5,775,658 | SH |
| 2 | ISHARES INC | EMXC | 46434G764 | $122.6M | 4.46% | 1,198,777 | SH |
| 3 | SPDR INDEX SHS FDS | SPDW | 78463X889 | $114.3M | 4.15% | 2,268,369 | SH |
| 4 | ISHARES TR | IVW | 464287309 | $111.0M | 4.03% | 807,434 | SH |
| 5 | PIMCO ETF TR | PYLD | 72201R585 | $107.1M | 3.89% | 4,039,522 | SH |
| 6 | PIMCO ETF TR | LDUR | 72201R718 | $106.6M | 3.87% | 1,115,335 | SH |
| 7 | BLACKROCK ETF TRUST | DYNF | 09290C103 | $100.5M | 3.65% | 1,478,143 | SH |
| 8 | ISHARES TR | IVE | 464287408 | $96.4M | 3.50% | 424,530 | SH |
| 9 | BLACKROCK ETF TRUST | BAI | 09290C780 | $73.0M | 2.65% | 1,384,319 | SH |
| 10 | BLACKROCK ETF TRUST | CORO | 09290C764 | $69.1M | 2.51% | 1,889,296 | SH |
| 11 | FIDELITY COVINGTON TRUST | FENI | 31609A404 | $69.0M | 2.51% | 1,718,711 | SH |
| 12 | SCHWAB STRATEGIC TR | SCHM | 808524508 | $63.2M | 2.30% | 1,715,392 | SH |
| 13 | BLACKROCK ETF TRUST | IALT | 09290C665 | $59.4M | 2.16% | 2,116,253 | SH |
| 14 | BLACKROCK ETF TRUST II | CLOA | 092528504 | $57.1M | 2.07% | 1,099,924 | SH |
| 15 | PIMCO ETF TR | PMBS | 72201R569 | $53.8M | 1.96% | 1,089,742 | SH |
| 16 | DOUBLELINE ETF TRUST | DMBS | 25861R402 | $53.2M | 1.93% | 1,084,082 | SH |
| 17 | PIMCO ETF TR | BOND | 72201R775 | $52.5M | 1.91% | 569,047 | SH |
| 18 | ISHARES TR | MTUM | 46432F396 | $51.7M | 1.88% | 150,686 | SH |
| 19 | ISHARES TR | IUSB | 46434V613 | $50.3M | 1.83% | 1,088,957 | SH |
| 20 | SPDR SERIES TRUST | SPTL | 78464A664 | $42.4M | 1.54% | 1,614,833 | SH |
| 21 | GLOBAL X FDS | SHLD | 37960A529 | $35.1M | 1.27% | 587,492 | SH |
| 22 | FIDELITY COVINGTON TRUST | FSMD | 316092527 | $32.6M | 1.18% | 616,638 | SH |
| 23 | BLACKROCK ETF TRUST | THRO | 09290C806 | $32.2M | 1.17% | 747,703 | SH |
| 24 | ALPHABET INC | GOOGL | 02079K305 | $29.0M | 1.05% | 81,024 | SH |
| 25 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $27.3M | 0.99% | 128,355 | SH |
| 26 | ELI LILLY & CO | LLY | 532457108 | $26.2M | 0.95% | 21,869 | SH |
| 27 | BLACKROCK ETF TRUST II | BINC | 092528603 | $24.4M | 0.89% | 465,922 | SH |
| 28 | NVIDIA CORPORATION | NVDA | 67066G104 | $24.1M | 0.88% | 120,359 | SH |
| 29 | VANGUARD CHARLOTTE FDS | BNDX | 92203J407 | $23.8M | 0.87% | 491,698 | SH |
| 30 | AMAZON COM INC | AMZN | 023135106 | $23.4M | 0.85% | 98,091 | SH |
| 31 | ISHARES TR | MBB | 464288588 | $22.5M | 0.82% | 238,354 | SH |
| 32 | MICROSOFT CORP | MSFT | 594918104 | $19.1M | 0.70% | 51,331 | SH |
| 33 | VERTIV HOLDINGS CO | VRT | 92537N108 | $18.7M | 0.68% | 55,976 | SH |
| 34 | VISA INC | V | 92826C839 | $18.3M | 0.66% | 53,274 | SH |
| 35 | ARISTA NETWORKS INC | ANET | 040413205 | $18.0M | 0.65% | 105,735 | SH |
| 36 | APPLE INC | AAPL | 037833100 | $17.2M | 0.63% | 59,497 | SH |
| 37 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $16.8M | 0.61% | 233,235 | SH |
| 38 | EDWARDS LIFESCIENCES CORP | EW | 28176E108 | $15.8M | 0.58% | 174,962 | SH |
| 39 | COCA COLA CO | KO | 191216100 | $15.4M | 0.56% | 189,933 | SH |
| 40 | STRYKER CORPORATION | SYK | 863667101 | $15.3M | 0.56% | 48,645 | SH |
| 41 | ISHARES GOLD TR | IAU | 464285204 | $14.9M | 0.54% | 197,676 | SH |
| 42 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 874054109 | $14.3M | 0.52% | 57,347 | SH |
| 43 | S&P GLOBAL INC | SPGI | 78409V104 | $13.9M | 0.51% | 34,253 | SH |
| 44 | SCHWAB CHARLES CORP | SCHW | 808513105 | $13.6M | 0.49% | 147,436 | SH |
| 45 | AMPHENOL CORP | APH | 032095101 | $12.7M | 0.46% | 72,030 | SH |
| 46 | ASML HLDG NV | ASML | N07059210 | $11.5M | 0.42% | 5,796 | SH |
| 47 | NETFLIX INC. | NFLX | 64110L106 | $11.2M | 0.41% | 156,583 | SH |
| 48 | PALO ALTO NETWORKS INC | PANW | 697435105 | $11.1M | 0.40% | 32,665 | SH |
| 49 | ABBOTT LABORATORIES | ABT | 002824100 | $10.5M | 0.38% | 115,947 | SH |
| 50 | SERVICENOW INC | NOW | 81762P102 | $10.5M | 0.38% | 105,607 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | $2.75B | 151 | 0001569452-26-000003 |
| 2026-03-31 | 2026-05-12 | $2.26B | 143 | 0001569452-26-000002 |
| 2025-12-31 | 2026-02-11 | $2.39B | 142 | 0001062993-26-000789 |
| 2025-09-30 | 2025-11-14 | $2.30B | 142 | 0001062993-25-016801 |
| 2023-03-31 | 2023-04-14 | $823.4M | 36 | 0001062993-23-009171 |
| 2022-12-31 | 2023-01-27 | $757.1M | 39 | 0001062993-23-001463 |
Filer Information
Address
3455 PEACHTREE ROAD NESUITE 1500
ATLANTA, GA 30326
Phone
(404) 836-7141
Filing Manager
Advocacy Wealth Management, LLC
ATLANTA, GA
Signatory
Julie L Curless
Compliance Analyst