Carmichael Hill & Associates, Inc.

CIK

1730295

Location

GAITHERSBURG, MD

Portfolio Value

Small $279,644,312

Diversification

Diversified

Filing Date

Global Rank

#4,430 / 7,447 ▲ 92 · as of Sep 2024

Top Industry

Consumer Electronics 15.5%

Period ended 2 years ago

Filed Oct 29, 2024 · 2y

19 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 56.9%, 21.4 effective positions, active share 59.8% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

6.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.3 quarters (12+), a floor since 91.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 59.8%; sector active share 41.1% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

663 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

13.7%

+0.2 pts

Top 5

38.7%

−0.0 pts

Top 10

54.8%

+0.1 pts

HHI

436

Diversified+5

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Unclassified	51.2%	$143,094,054	231
Technology	17.1%	$47,865,210	77
Financial Services	8.3%	$23,223,514	90
Consumer Cyclical	4.6%	$12,736,795	42
Healthcare	4.3%	$12,143,095	44
Consumer Defensive	4.2%	$11,709,448	23
Communication Services	4.0%	$11,101,100	20
Industrials	3.2%	$8,927,199	43
Energy	1.2%	$3,397,578	22
Utilities	1.1%	$3,022,939	23
Real Estate	0.5%	$1,405,203	26
Basic Materials	0.4%	$1,018,177	22

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+22,053	22,456	$1,325,353
SCHX	Schwab U.S. Large-Cap ETF	+14,809	129,121	$8,760,872
VEA	Vanguard FTSE Developed Markets ETF	+10,098	37,101	$1,959,303
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+7,379	32,186	$1,540,100
SCHF	Schwab International Equity ETF	+6,329	113,993	$4,687,392
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+6,237	9,722	$491,933
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+3,781	81,186	$4,150,228
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	+3,744	4,832	$400,766
QQQM	Invesco Ltd.	+3,359	11,662	$2,342,312
SCHB	Schwab U.S. Broad Market ETF	+3,258	170,121	$11,316,431
VB	Vanguard Index Funds	+3,173	21,198	$5,028,377
TLT	iShares 20+ Year Treasury Bond ETF	+3,136	11,075	$1,086,457
IJH	iShares Core S&P Mid-Cap ETF	+2,752	22,187	$1,382,693
BIV	Vanguard Bond Index Funds	+2,473	13,583	$1,064,499
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+2,446	6,050	$408,435
RSP	Victory Portfolios II	+2,346	37,202	$6,665,110
GOVT	iShares U.S. Treasury Bond ETF	+1,860	4,674	$109,605
XLF	State Street Corp	+1,840	15,325	$694,529
INMU		+1,733	10,648	$256,403
AVGO	Broadcom Inc.	+1,577	1,761	$303,772
IJR	iShares Core S&P Small-Cap ETF	+1,519	12,114	$1,416,853
AGG	iShares Core U.S. Aggregate Bond ETF	+1,433	2,953	$299,050
IAU	Ishares Gold Trust	+1,385	2,532	$125,840
GLDM	World Gold Trust	+1,245	12,262	$639,218
IVV	iShares Core S&P 500 ETF	+1,218	6,804	$3,924,683
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CSCO	Cisco Systems, Inc.	−2,884	21,043	$1,119,908
HYD	VanEck High Yield Muni ETF	−2,178	5,765	$305,948
HODL	VanEck Bitcoin ETF	−1,991	1,785	$128,216
VZ	Verizon Communications Inc	−1,945	30,589	$1,373,751
RQI	Cohen & Steers Quality Income Realty Fund Inc	−1,876	1,228	$17,400
VEU	Vanguard International Equity Index Funds	−1,639	27,078	$1,705,914
T	At&T Inc.	−1,187	19,830	$436,260
PPL	PPL Corp	−1,160	1,421	$47,006
VUG	VANGUARD GROWTH INDEX FUND	−1,001	2,688	$1,032,003
INTC	Intel Corp	−992	10,992	$257,872
HYMB	State Street(R) SPDR Nuveen ICE High Yield Municipal Bond ETF	−927	8,525	$223,951
RTX	RTX Corp	−872	7,976	$966,372
KO	Coca Cola Co	−817	7,560	$543,261
YUMC	Yum China Holdings, Inc.	−720	2,618	$117,862
PG	PROCTER & GAMBLE Co	−642	13,517	$2,341,144
XEL	Xcel Energy Inc	−630	1,130	$73,789
CARR	CARRIER GLOBAL Corp	−609	4,254	$342,404
PFF	iShares Preferred and Income Securities ETF	−588	22,589	$750,632
HPE	Hewlett Packard Enterprise Co	−561	39	$797
HPQ	Hp Inc	−561	39	$1,398
YUM	Yum Brands Inc	−539	3,078	$430,027
BMY	Bristol Myers Squibb Co	−536	2,860	$147,976
JNJ	Johnson & Johnson	−480	20,646	$3,345,890
CSX	Csx Corp	−462	7,200	$248,616
RSPF	Victory Portfolios II	−413	7,873	$543,158
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IBIT	iShares Bitcoin Trust ETF	4,300	$155,359
ETH	Grayscale Ethereum Staking Mini ETF	38,065	$92,878
IEF	iShares 7-10 Year Treasury Bond ETF	571	$56,026
FLG	Flagstar Bank, National Association	3,012	$33,824
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	299	$30,324
SIRI	Sirius Xm Holdings Inc.	1,236	$29,231
HYLB	Xtrackers USD High Yield Corporate Bond ETF	552	$20,379
TEL	TE Connectivity plc	90	$13,589
IQDF	FlexShares International Quality Dividend Index Fund	500	$13,145
RPM	Rpm International Inc	100	$12,100
PNW	Pinnacle West Capital Corp	120	$10,630
ETJ	Eaton Vance Risk-Managed Diversified Equity Income Fund	1,000	$9,210
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	1,031	$8,990
TCAF	T. Rowe Price Capital Appreciation Equity ETF	262	$8,711
—		250	$8,505
RF	Regions Financial Corp	360	$8,398
KLAC	Kla Corp	10	$7,744
ROK	Rockwell Automation, Inc	17	$4,563
PEG	Public Service Enterprise Group Inc	50	$4,460
CAVA	Cava Group, Inc.	25	$3,096
ETHE	Grayscale Ethereum Staking ETF	101	$2,210
BLDR	Builders FirstSource, Inc.	10	$1,938
CRH	Crh Public Ltd Co	15	$1,391
P	Everpure, Inc.	25	$1,256
BTC	Grayscale Bitcoin Mini Trust ETF	186	$1,047
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
UNP	Union Pacific Corp	262	$59,280
CCI	Crown Castle Inc.	465	$45,430
J	Jacobs Solutions Inc.	200	$27,942
KSS	KOHLS Corp	1,060	$24,369
HEDJ	WisdomTree Europe Hedged Equity Fund	532	$24,051
TIP	iShares TIPS Bond ETF	186	$19,861
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	662	$19,661
CWH	Camping World Holdings, Inc.	1,016	$18,145
ZBH	Zimmer Biomet Holdings, Inc.	100	$10,853
MOO	VanEck Agribusiness ETF	150	$10,518
—		653	$7,897
AGI	Alamos Gold Inc	500	$7,840
RILY	BRC Group Holdings, Inc.	409	$7,214
SNY	Sanofi	147	$7,132
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	170	$5,781
DD	DuPont de Nemours, Inc.	54	$4,346
RGLD	Royal Gold Inc	30	$3,754
GFS	GLOBALFOUNDRIES Inc.	55	$2,780
VFC	V F Corp	200	$2,700
TEAM	Atlassian Corp	15	$2,653
MNST	Monster Beverage Corp	46	$2,297
JAZZ	Jazz Pharmaceuticals plc	21	$2,241
MAT	Mattel Inc	130	$2,113
LMND	Lemonade, Inc.	124	$2,046
ZD	Ziff Davis, Inc.	29	$1,596
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

663 tracked positions · $279,644,312 total · filing declares 776 positions · $282,024,197 · as of Sep 30, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 663 positions by value · page 1 of 14

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. CALL + SHARES Technology	Reduced	90,930	-292	$21,186,690	+10.3%	19+	before history	7.58%
MSFT	Microsoft Corp CALL + SHARES Technology	Reduced	31,510	-136	$13,558,753	−4.1%	19+	before history	4.85%
SCHB	Schwab U.S. Broad Market ETF	Added	170,121	+3,258	$11,316,431	+7.9%	19+	before history	4.05%
BRK-B	Berkshire Hathaway Inc CALL + SHARES Financial Services	Reduced	19,072	-112	$8,778,078	+12.5%	19+	before history	3.14%
SCHX	Schwab U.S. Large-Cap ETF	Added	129,121	+14,809	$8,760,872	+19.3%	19+	before history	3.13%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	13,584	+517	$7,967,287	+5.7%	19+	before history	2.85%
RSP	Victory Portfolios II	Added	37,202	+2,346	$6,665,110	+16.4%	19+	before history	2.38%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Added	42,556	+569	$6,044,654	+13.2%	19+	before history	2.16%
VB	Vanguard Index Funds	Added	21,198	+3,173	$5,028,377	+27.9%	19+	before history	1.80%
GOOGL	Alphabet Inc. CALL + SHARES Communication Services	Added	28,368	+595	$4,704,832	−7.0%	19+	before history	1.68%
SCHF	Schwab International Equity ETF	Added	113,993	+6,329	$4,687,392	+13.3%	19+	before history	1.68%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	81,186	+3,781	$4,150,228	+7.0%	18	$50.10	1.48%
IVV	iShares Core S&P 500 ETF	Added	6,804	+1,218	$3,924,683	+28.4%	19+	before history	1.40%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	30,196	+343	$3,871,127	+9.3%	19+	before history	1.38%
SCHM	Schwab U.S. Mid-Cap ETF	Added	44,889	+906	$3,729,831	+9.0%	19+	before history	1.33%
VO	VANGUARD MID-CAP INDEX FUND	Added	13,544	+912	$3,573,313	+16.8%	19+	before history	1.28%
		Reduced	19,378	-158	$3,526,602	+6.9%	19+	before history	1.26%
JNJ	Johnson & Johnson CALL + SHARES Healthcare	Reduced	21,446	-480	$3,475,538	+8.5%	19+	before history	1.24%
SCHA	Schwab U.S. Small-Cap ETF	Added	65,666	+699	$3,381,799	+9.7%	19+	before history	1.21%
LLY	ELI LILLY & Co PUT CALL + SHARES Healthcare	Added	3,813	+706	$3,378,089	+20.1%	19+	before history	1.21%
VOO	VANGUARD 500 INDEX FUND	Reduced	6,335	-16	$3,342,789	+5.2%	19+	before history	1.20%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Added	34,074	+172	$3,288,822	+3.4%	19+	before history	1.18%
MCD	Mcdonalds Corp CALL + SHARES Consumer Cyclical	Added	10,704	+7	$3,259,475	+19.6%	19+	before history	1.17%
VHT	VANGUARD HEALTH CARE INDEX FUND	Added	11,274	+483	$3,181,522	+10.8%	19+	before history	1.14%
VIG	Vanguard Specialized Funds	Added	14,861	+303	$2,943,369	+10.8%	19+	before history	1.05%
AMZN	Amazon Com Inc CALL + SHARES Consumer Cyclical	Added	15,251	+541	$2,841,718	−0.0%	19+	before history	1.02%
COST	Costco Wholesale Corp CALL + SHARES Consumer Defensive	Reduced	3,056	-8	$2,709,205	+4.0%	19+	before history	0.97%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	9,232	+143	$2,614,133	+7.5%	19+	before history	0.93%
MA	Mastercard Inc CALL + SHARES Financial Services	Held	5,121	0	$2,528,749	+11.9%	19+	before history	0.90%
PG	PROCTER & GAMBLE Co CALL + SHARES Consumer Defensive	Reduced	14,017	-142	$2,427,744	+4.0%	19+	before history	0.87%
QQQM	Invesco Ltd. Financial Services	Added	11,662	+3,359	$2,342,312	+43.1%	6	$163.72	0.84%
ADSK	Autodesk, Inc. PUT + SHARES Technology	Added	8,097	+652	$2,230,561	+21.1%	7	$205.89	0.80%
NVDA	Nvidia Corp CALL + SHARES Technology	Reduced	18,130	-244	$2,201,707	−3.0%	19+	before history	0.79%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	19,605	-6	$2,042,448	+3.3%	19+	before history	0.73%
VEA	Vanguard FTSE Developed Markets ETF	Added	37,101	+10,098	$1,959,303	+46.8%	19+	before history	0.70%
SCHD	Schwab U.S. Dividend Equity ETF	Added	21,086	+394	$1,782,401	+10.8%	19+	before history	0.64%
META	Meta Platforms, Inc. CALL + SHARES Communication Services	Reduced	3,086	-268	$1,766,549	+4.5%	19+	before history	0.63%
VTV	VANGUARD VALUE INDEX FUND	Added	9,944	+392	$1,735,924	+13.3%	19+	before history	0.62%
VEU	Vanguard International Equity Index Funds	Reduced	27,078	-1,639	$1,705,914	+1.3%	19+	before history	0.61%
SCHE	Schwab Emerging Markets Equity ETF	Added	56,131	+307	$1,637,902	+10.5%	19+	before history	0.59%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	6,009	-36	$1,572,134	+31.4%	19+	before history	0.56%
QQQ	Invesco Qqq Trust, Series 1	Added	3,177	+145	$1,550,598	+6.7%	19+	before history	0.55%
PEP	Pepsico Inc Consumer Defensive	Added	9,092	+8	$1,546,094	+3.2%	19+	before history	0.55%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	32,186	+7,379	$1,540,100	+41.9%	19+	before history	0.55%
WMT	Walmart Inc. CALL + SHARES Consumer Defensive	Reduced	17,949	-26	$1,449,381	+19.1%	19+	before history	0.52%
HD	Home Depot, Inc. CALL + SHARES Consumer Cyclical	Reduced	3,561	-323	$1,442,917	+7.9%	19+	before history	0.52%
JPM	Jpmorgan Chase & Co CALL + SHARES Financial Services	Added	6,823	+52	$1,438,697	+5.1%	19+	before history	0.51%
IJR	iShares Core S&P Small-Cap ETF	Added	12,114	+1,519	$1,416,853	+25.4%	19+	before history	0.51%
IJH	iShares Core S&P Mid-Cap ETF	Added	22,187	+2,752	$1,382,693	+21.6%	19+	before history	0.49%
VZ	Verizon Communications Inc Communication Services	Reduced	30,589	-1,945	$1,373,751	+2.4%	19+	before history	0.49%

Showing the top 50 of 663 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.