DaveManuel.com · Institutional Ownership · 13F Holdings
Armor Investment Advisors, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | IVV | $53.9M | 70,371 | +0.54pp | 32q | -0.6%-$340.8K | |
| J P MORGAN EXCHANGE TRADED F | JPIE | $27.6M | 615,283 | +0.28pp | 17q | +4.3%+$1.1M | |
| FIDELITY COVINGTON TRUST | FENI | $18.4M | 460,818 | +0.20pp | 6q | +2.5%+$452.0K | |
| FIDELITY COVINGTON TRUST | FTEC | $16.3M | 54,452 | +0.19pp | 32q | -2.9%-$484.3K | |
| CAPITAL GROUP GROWTH ETF | CGGR | $13.2M | 278,962 | +0.04pp | 18q | -1.0%-$140.0K | |
| CAPITAL GROUP DIVIDEND VALUE | CGDV | $11.8M | 241,164 | +0.08pp | 5q | +1.5%+$170.5K | |
| ISHARES TR | IUSB | $11.2M | 254,665 | -0.14pp | 5q | -0.6%-$68.0K | |
| VANGUARD BD INDEX FDS | BND | $10.1M | 144,045 | -0.25pp | 6q | -4.2%-$440.8K | |
| FIDELITY COVINGTON TRUST | FMDE | $9.6M | 238,508 | flat | 6q | -1.1%-$103.3K | |
| CAPITAL GROUP NEW GEOGRAPHY | CGNG | $8.5M | 232,414 | +0.06pp | 6q | +3.4%+$278.7K | |
| FIDELITY MERRIMACK STR TR | FBND | $7.5M | 172,397 | +0.53pp | 4q | +32.5%+$1.8M | |
| SCHWAB STRATEGIC TR | SCHF | $6.1M | 222,628 | -0.01pp | 32q | -1.4%-$85.5K | |
| BLACKROCK ETF TRUST | DYNF | $5.8M | 83,430 | +0.11pp | 3q | +2.5%+$141.3K | |
| FIDELITY COVINGTON TRUST | FESM | $5.5M | 122,918 | -0.13pp | 3q | -1.4%-$77.5K | |
| ISHARES TR | MUB | $5.0M | 49,855 | -0.12pp | 31q | -2.5%-$127.4K | |
| ISHARES TR | IJH | $4.9M | 68,437 | -0.14pp | 32q | -2.8%-$143.8K | |
| META PLATFORMS INC | META | $4.8M | 6,598 | +0.33pp | 16q | -3.2%-$160.3K | |
| ADVISORS INNER CIRCLE FD III | SAMT | $4.3M | 102,805 | -0.21pp | 17q | -2.2%-$96.1K | |
| ISHARES TR | SOXX | $4.1M | 7,249 | -0.28pp | 21q | -8.2%-$368.5K | |
| MICROSOFT CORP | MSFT | $3.6M | 7,063 | +0.32pp | 24q | -1.4%-$51.8K | |
| ALPHABET INC | GOOGL | $2.8M | 8,086 | -0.02pp | 14q | HELD | |
| ISHARES INC | IEMG | $2.8M | 34,166 | flat | 3q | +0.6%+$17.0K | |
| T ROWE PRICE EXCHANGE-TRADED | TBUX | $2.7M | 54,049 | +0.28pp | 18q | +45.9%+$842.9K | |
| VISA INC | V | $2.5M | 6,883 | +0.03pp | 32q | -2.7%-$69.4K | |
| FIDELITY COVINGTON TRUST | FHLC | $2.4M | 29,519 | +0.03pp | 32q | -3.5%-$87.6K | |
| JPMORGAN CHASE & CO | JPM | $2.3M | 7,043 | +0.01pp | 32q | -1.1%-$26.1K | |
| BLACKROCK ETF TRUST | BAI | $2.3M | 49,166 | -0.04pp | 3q | +3.8%+$85.9K | |
| NVIDIA CORPORATION | NVDA | $2.2M | 9,507 | +0.12pp | 15q | +4.7%+$97.1K | |
| SELECT SECTOR SPDR TR | XLK | $2.2M | 11,021 | -0.03pp | 32q | -8.0%-$188.3K | |
| VANGUARD WHITEHALL FDS | VYM | $1.8M | 11,517 | -0.01pp | 32q | -1.4%-$25.6K | |
| SCHWAB STRATEGIC TR | SCHD | $1.8M | 54,573 | -0.04pp | 32q | -10.5%-$207.5K | |
| ELI LILLY & CO | LLY | $1.7M | 1,480 | -0.04pp | 24q | -4.9%-$89.1K | |
| DIGITAL RLTY TR INC | DLR | $1.7M | 9,705 | -0.08pp | 32q | -11.6%-$223.6K | |
| DEERE CO | DE | $1.7M | 2,486 | +0.02pp | 32q | -3.4%-$58.4K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.6M | 2,097 | -0.01pp | 32q | -4.9%-$81.6K | |
| WALMART INC | WMT | $1.6M | 14,976 | -0.06pp | 24q | -3.3%-$52.7K | |
| SCHWAB STRATEGIC TR | SCHE | $1.5M | 41,107 | flat | 32q | -2.7%-$41.1K | |
| ASML HLDG NV | ASML | $1.5M | 814 | -0.04pp | 24q | HELD | |
| VANGUARD ADMIRAL FDS INC | VOOG | $1.5M | 17,100 | +0.02pp | 32q | HELD | |
| LOWES COS INC | LOW | $1.4M | 7,830 | -0.12pp | 32q | -5.9%-$90.3K | |
| SOUTHERN CO | SO | $1.4M | 16,669 | -0.08pp | 32q | -3.9%-$55.9K | |
| DUKE ENERGY CORP NEW | DUK | $1.3M | 11,719 | -0.09pp | 32q | -9.7%-$143.9K | |
| PGIM ETF TR | PTRB | $1.2M | 30,590 | -0.04pp | 17q | -7.0%-$90.8K | |
| VANGUARD INDEX FDS | VTI | $1.1M | 3,073 | +0.01pp | 14q | HELD | |
| ISHARES TR | ICVT | $1.1M | 9,966 | -0.05pp | 7q | -7.2%-$88.0K | |
| PROGRESSIVE CORP | PGR | $1.1M | 5,321 | -0.02pp | 24q | -2.2%-$24.9K | |
| SCHWAB STRATEGIC TR | SCHA | $1.1M | 33,741 | -0.03pp | 32q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $1.1M | 18,810 | -0.05pp | 15q | -12.5%-$151.7K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.0M | 6,221 | - | new | NEW | |
| PHILLIPS 66 | PSX | $966.9K | 3,787 | +0.09pp | 32q | -8.4%-$89.1K | |
| SCHWAB STRATEGIC TR | SCHM | $891.3K | 26,199 | -0.02pp | 32q | HELD | |
| VALERO ENERGY CORP | VLO | $862.1K | 2,224 | +0.10pp | 19q | HELD | |
| APPLE INC | AAPL | $845.2K | 2,538 | +0.01pp | 31q | -11.8%-$113.6K | |
| AON PLC | AON | $791.2K | 2,859 | -0.05pp | 26q | HELD | |
| FIDELITY COVINGTON TRUST | FIDU | $770.7K | 8,701 | -0.04pp | 29q | -4.4%-$35.3K | |
| VANGUARD INDEX FDS | VOO | $742.2K | 1,059 | -0.01pp | 24q | -7.3%-$58.2K | |
| ISHARES TR | SGOV | $740.8K | 7,358 | +0.18pp | 13q | +269.0%+$540.0K | |
| AMAZON COM INC | AMZN | $703.6K | 2,824 | +0.02pp | 15q | +5.6%+$37.4K | |
| ISHARES TR | ICSH | $674.3K | 13,379 | - | new | NEW | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $667.1K | 10,890 | -0.03pp | 9q | -14.9%-$116.5K | |
| ROYAL BK CDA | RY | $657.9K | 3,346 | -0.01pp | 32q | HELD | |
| CISCO SYS INC | CSCO | $594.8K | 5,526 | -0.01pp | 32q | HELD | |
| BROADSTONE NET LEASE INC | BNL | $587.6K | 31,763 | -0.02pp | 13q | HELD | |
| JOHNSON & JOHNSON | JNJ | $583.1K | 2,203 | flat | 32q | -3.0%-$17.7K | |
| VANGUARD WORLD FD | VGT | $565.0K | 4,496 | +0.01pp | 32q | HELD | |
| EXTREME NETWORKS INC | EXTR | $539.4K | 25,145 | -0.09pp | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $527.2K | 17,574 | +0.01pp | 32q | HELD | |
| ISHARES TR | IYH | $462.6K | 6,464 | +0.01pp | 32q | HELD | |
| PROCTER & GAMBLE CO | PG | $411.8K | 2,835 | -0.01pp | 32q | -9.1%-$41.1K | |
| NEOS ETF TRUST | CSHI | $400.3K | 8,053 | - | new | NEW | |
| IRON MTN INC DEL | IRM | $397.0K | 3,578 | -0.02pp | 24q | HELD | |
| ISHARES TR | IHI | $389.3K | 7,610 | -0.04pp | 32q | -27.6%-$148.0K | |
| TESLA INC | TSLA | $375.4K | 1,058 | -0.01pp | 5q | +4.4%+$16.0K | |
| BOSTON SCIENTIFIC CORP | BSX | $371.5K | 8,512 | flat | 24q | HELD | |
| KINDER MORGAN INC DEL | KMI | $371.4K | 12,320 | -0.02pp | 32q | -8.2%-$33.2K | |
| FIRST TR EXCHNG TRADED FD VI | EIPI | $371.0K | 17,428 | flat | 10q | -2.6%-$9.8K | |
| ISHARES TR | XVV | $330.4K | 5,668 | flat | 21q | -0.8%-$2.7K | |
| MERCK & CO INC | MRK | $312.4K | 2,150 | +0.02pp | 3q | +4.9%+$14.5K | |
| VERIZON COMMUNICATIONS INC | VZ | $305.8K | 6,667 | +0.01pp | 32q | -4.1%-$13.0K | |
| ISHARES TR | IWM | $297.9K | 1,072 | -0.01pp | 32q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $290.4K | 319 | -0.03pp | 13q | -24.9%-$96.5K | |
| ISHARES TR | SUB | $271.0K | 2,592 | -0.02pp | 31q | -21.2%-$72.9K | |
| PGIM ETF TR | PULS | $269.5K | 5,449 | flat | 17q | HELD | |
| NUVEEN S&P 500 DYNAMIC OVERW | SPXX | $259.6K | 14,040 | -0.01pp | 3q | -10.3%-$29.8K | |
| INVESCO EXCHANGE TRADED FD T | PRF | $258.5K | 4,750 | flat | 11q | HELD | |
| ISHARES TR | IWP | $249.2K | 1,810 | -0.03pp | 32q | -20.1%-$62.6K | |
| SCHWAB STRATEGIC TR | SCHB | $247.6K | 8,447 | flat | 32q | HELD | |
| WELLTOWER INC | WELL | $234.4K | 1,018 | flat | 3q | HELD | |
| VANGUARD INDEX FDS | VOT | $233.7K | 800 | flat | 13q | HELD | |
| GLOBAL X FDS | XYLD | $226.1K | 5,446 | flat | 19q | HELD | |
| HOME DEPOT INC | HD | $224.2K | 788 | -0.02pp | 16q | -5.4%-$12.8K | |
| NOVARTIS AG | NVS | $218.3K | 1,531 | -0.01pp | 32q | HELD | |
| ISHARES TR | IWR | $217.7K | 2,040 | flat | 32q | HELD | |
| C H ROBINSON WORLDWIDE IN | CHRW | $217.1K | 1,467 | -0.02pp | 4q | HELD | |
| LAMAR ADVERTISING CO | LAMR | $216.2K | 1,500 | flat | 2q | HELD | |
| CONSOLIDATED EDISON INC | ED | $203.6K | 1,992 | flat | 3q | HELD | |
| Dominion Energy, Inc. | D | $201.8K | 3,335 | -0.01pp | 7q | -2.3%-$4.8K | |
| ISHARES TR | EFA | $178.9K | 1,722 | flat | 32q | HELD | |
| VANGUARD WORLD FD | VHT | $162.8K | 515 | flat | 32q | HELD | |
| BARINGS BDC INC | BBDC | $150.8K | 17,500 | flat | 9q | -4.4%-$6.9K | |
| ISHARES TR | DVY | $142.3K | 936 | -0.02pp | 32q | -24.9%-$47.3K | |
| ISHARES TR | HYDB | $132.6K | 2,949 | flat | 17q | -1.9%-$2.6K | |
| ISHARES TR | IWO | $121.3K | 340 | -0.02pp | 32q | -29.8%-$51.4K | |
| ISHARES TR | IVW | $119.2K | 838 | flat | 32q | HELD | |
| SCHWAB STRATEGIC TR | SCHG | $117.1K | 3,260 | flat | 22q | HELD | |
| PIMCO INCOME STRATEGY FD | PFL | $116.5K | 16,878 | -0.01pp | 32q | -8.9%-$11.4K | |
| ALLSPRING GLOBAL DIVIDEND OP | EOD | $108.9K | 17,022 | flat | 13q | HELD | |
| VANGUARD INDEX FDS | VOE | $96.8K | 495 | flat | 22q | HELD | |
| ISHARES TR | EUSB | $84.9K | 2,043 | flat | 4q | HELD | |
| ISHARES TR | DMXF | $83.9K | 991 | flat | 4q | HELD | |
| ISHARES TR | SUSB | $78.2K | 3,200 | flat | 17q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $73.8K | 1,870 | flat | 19q | HELD | |
| ISHARES TR | XJH | $72.2K | 1,481 | -0.01pp | 20q | -29.6%-$30.3K | |
| ALPHABET INC | GOOG | $61.3K | 180 | flat | 14q | HELD | |
| ISHARES TR | IYR | $52.4K | 551 | flat | 32q | HELD | |
| QUANTUMSCAPE CORP | QS | $50.7K | 10,913 | -0.02pp | 19q | -30.2%-$21.9K | |
| ISHARES TR | IJK | $48.2K | 440 | flat | 32q | HELD | |
| SELECT SECTOR SPDR TR | XLI | $47.6K | 285 | flat | 19q | HELD | |
| SELECT SECTOR SPDR TR | XLY | $47.2K | 434 | flat | 19q | -6.9%-$3.5K | |
| VANGUARD INDEX FDS | VNQ | $44.8K | 500 | flat | 24q | HELD | |
| GLOBAL X FDS | QYLD | $44.5K | 2,400 | flat | 25q | HELD | |
| SELECT SECTOR SPDR TR | XLP | $41.3K | 513 | flat | 24q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $38.7K | 230 | flat | 19q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $35.6K | 666 | flat | 19q | -18.0%-$7.8K | |
| VANGUARD WORLD FD | VOX | $35.3K | 185 | flat | 19q | HELD | |
| ISHARES TR | IDEV | $33.9K | 379 | flat | 12q | HELD | |
| ISHARES TR | IWD | $33.5K | 135 | flat | 32q | HELD | |
| SELECT SECTOR SPDR TR | XLB | $30.4K | 624 | flat | 19q | HELD | |
| ISHARES TR | IGSB | $29.3K | 571 | -0.02pp | 32q | -62.7%-$49.1K | |
| ISHARES TR | IWN | $27.2K | 130 | flat | 32q | HELD | |
| ISHARES TR | IWF | $25.1K | 200 | flat | 11q | HELD | |
| SCHWAB STRATEGIC TR | SCHK | $24.9K | 679 | flat | 8q | +4.3%+$1.0K | |
| ISHARES TR | IYW | $24.4K | 92 | flat | 11q | HELD | |
| ISHARES TR | SUSA | $22.9K | 147 | -0.01pp | 4q | -43.0%-$17.3K | |
| ISHARES TR | SHY | $21.7K | 267 | flat | 4q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PTH | $20.1K | 330 | flat | 11q | HELD | |
| BLACKROCK ETF TRUST | THRO | $14.2K | 322 | flat | 3q | HELD | |
| ISHARES TR | ICLN | $12.7K | 746 | flat | 23q | HELD | |
| ISHARES TR | IJR | $12.5K | 92 | flat | 32q | -6.1% | |
| VANGUARD INDEX FDS | VBR | $10.6K | 46 | flat | 22q | HELD | |
| ISHARES TR | EEM | $10.0K | 150 | flat | 32q | HELD | |
| VANGUARD WHITEHALL FDS | VYMI | $9.6K | 95 | flat | 4q | HELD | |
| GLOBAL X FDS | URA | $8.0K | 200 | flat | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHY | $6.3K | 200 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | RSP | $6.2K | 30 | flat | 11q | HELD | |
| ISHARES TR | IWV | $4.7K | 11 | flat | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHV | $3.3K | 99 | flat | 32q | HELD | |
| ISHARES TR | IJT | $3.2K | 20 | flat | 32q | HELD | |
| ISHARES TR | AIA | $2.0K | 14 | flat | 32q | HELD | |
| ISHARES INC | EWJ | $1.9K | 20 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHH | $1.1K | 49 | -0.01pp | 32q | -95.5%-$22.8K | |
| GLOBAL X FDS | LIT | $1.0K | 15 | flat | 23q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $11.3M | 3.7% |
| Other sectors | $35.1M | 11.4% |
| Not classified | $260.6M | 84.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -0.7% | +2.1% | -2.9% | 100% |
| Q2 2026 | +12.0% | +14.8% | -2.9% | 100% |
| Q1 2026 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.1% | 100% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 100% |
| Q2 2025 | +7.8% | +10.5% | -2.7% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.7% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.6% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $306.9M | 152 | 5 | 15 | 64 | 8 | 58.9% | 27 |
| Q2 2026 | $311.7M | 155 | 3 | 17 | 61 | 8 | 57.9% | 35 |
| Q1 2026 | $277.5M | 160 | 13 | 17 | 46 | 4 | 57.2% | 29 |
| Q4 2025 | $271.9M | 151 | 10 | 7 | 74 | 8 | 57.0% | 36 |
| Q3 2025 | $315.6M | 149 | 5 | 26 | 60 | 9 | 51.9% | 21 |
| Q2 2025 | $265.2M | 153 | 6 | 23 | 57 | 7 | 49.2% | 43 |
| Q1 2025 | $241.6M | 154 | 5 | 26 | 44 | 10 | 48.9% | 32 |
| Q4 2024 | $243.3M | 159 | 10 | 43 | 39 | 7 | 49.8% | 29 |
| Q3 2024 | $241.4M | 156 | 6 | 29 | 50 | 6 | 48.2% | 30 |
| Q2 2024 | $216.8M | 156 | 3 | 39 | 39 | 13 | 45.3% | 25 |
| Q1 2024 | $208.0M | 166 | 13 | 49 | 54 | 8 | 41.6% | 25 |
| Q4 2023 | $189.3M | 161 | 10 | 50 | 40 | 3 | 39.3% | 19 |
| Q3 2023 | $168.6M | 154 | 9 | 69 | 23 | 15 | 37.6% | 23 |
| Q2 2023 | $165.1M | 160 | 7 | 39 | 59 | 21 | 35.4% | 19 |
| Q1 2023 | $175.0M | 174 | 9 | 38 | 70 | 6 | 33.4% | 39 |
| Q4 2022 | $164.5M | 171 | 20 | 59 | 43 | 10 | 32.9% | 30 |
| Q3 2022 | $146.8M | 161 | 10 | 37 | 57 | 10 | 32.8% | 31 |
| Q2 2022 | $154.3M | 161 | 3 | 28 | 62 | 12 | 34.6% | 32 |
| Q1 2022 | $176.7M | 170 | 20 | 51 | 39 | 8 | 34.1% | 40 |
| Q4 2021 | $177.4M | 158 | 7 | 50 | 54 | 9 | 34.6% | 38 |
| Q3 2021 | $159.4M | 160 | 7 | 27 | 60 | 10 | 34.4% | 33 |
| Q2 2021 | $165.5M | 163 | 6 | 53 | 30 | 1 | 34.0% | 27 |
| Q1 2021 | $154.0M | 158 | 6 | 49 | 31 | 10 | 34.1% | 34 |
| Q4 2020 | $141.6M | 162 | 28 | 54 | 19 | 1 | 35.0% | 42 |
| Q3 2020 | $116.6M | 135 | 10 | 19 | 53 | 8 | 35.8% | 40 |
| Q2 2020 | $115.4M | 133 | 8 | 41 | 32 | 10 | 35.1% | 35 |
| Q1 2020 | $98.0M | 135 | 1 | 28 | 52 | 19 | 36.9% | 38 |
| Q4 2019 | $128.7M | 153 | 13 | 34 | 38 | 5 | 33.6% | 36 |
| Q3 2019 | $122.1M | 145 | 3 | 44 | 17 | 4 | 34.9% | 35 |
| Q2 2019 | $118.5M | 146 | 11 | 32 | 40 | 17 | 34.9% | 44 |
| Q1 2019 | $115.4M | 152 | 22 | 41 | 23 | 2 | 33.4% | 39 |
| Q4 2018 | $98.5M | 132 | 0 | 0 | 0 | 0 | 34.8% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.