FINANCIAL ADVISORS LLC
Q3 2025 Form 13-F

ANDOVER, MASSACHUSETTS
CIK 0001766909 · CRD 146680 · Institutional investment manager
$564.3M Reported Value Total

THE FINANCIAL ADVISORS, LLC reports 2,146 total accounts under management (AUM). There are 2,017 discretionary accounts valued at $1,094,889,615, and 129 non-discretionary accounts valued at $13,465,757.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Discretionary & Non-Discretionary
Source: Form ADV filed 2025-12-01
Reported value
$564.3M
Quarter over quarter
+6.6%
Holdings
80
Top-10 concentration
87.4%

Key People

Form ADV owners & control persons
Michael Paull Kumph
MANAGING MEMBER AND FINANCIAL ADVISOR
Robert Conover Miller
MEMBER, CHIEF COMPLIANCE OFFICER, FINANCIAL ADVISOR
Louis Carl Bonasera
MEMBER AND FINANCIAL ADVISOR

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Q3 2025 13F record

Q3 2025 13F filing summary

Q3 2025 Form 13F portfolio summary
Period of report September 30, 2025
Filed November 07, 2025
Form 13F-HR
Reported value $564.3M
Positions 80
Change in reported value +5.1%
New positions 4
Exited positions 2
Position turnover 7.3%
Top-10 concentration 87.4%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q3 2025 13F
Filed Nov 7, 2025
80 $564.3M
Q2 2025 13F
Filed Jul 29, 2025
78 $536.9M
Q1 2025 13F
Filed May 2, 2025
81 $506.8M
Q4 2024 13F
Filed Jan 15, 2025
83 $521.3M
Q3 2024 13F
Filed Oct 16, 2024
78 $524.9M
Q2 2024 13F
Filed Jul 15, 2024
74 $489.0M
Q1 2024 13F
Filed May 3, 2024
77 $483.1M
Q4 2023 13F
Filed Feb 5, 2024
76 $446.1M
Q3 2023 13F
Filed Oct 10, 2023
73 $404.0M
Q2 2023 13F
Filed Aug 1, 2023
79 $419.6M
Q1 2023 13F
Filed May 4, 2023
80 $394.9M
Q4 2022 13F
Filed Feb 14, 2023
79 $366.0M
Q3 2022 13F
Filed Nov 14, 2022
76 $287.7M
Q2 2022 13F
Filed Aug 12, 2022
76 $283.1M
Q1 2022 13F
Filed May 12, 2022
87 $320.4M
Q4 2021 13F
Filed Feb 11, 2022
87 $328.2M
Q3 2021 13F
Filed Nov 12, 2021
88 $295.6M
Q2 2021 13F
Filed Aug 13, 2021
87 $285.1M
Q1 2021 13F
Filed Apr 16, 2021
81 $250.6M
Q4 2020 13F
Filed Feb 12, 2021
80 $225.0M

8 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q3 2025

Largest Q3 2025 13F positions by reported value
# Holding Reported value % of portfolio
1 USMV ISHARES TR $103.4M 18.32%
2 SCHG SCHWAB STRATEGIC TR $93.8M 16.63%
3 SCHV SCHWAB STRATEGIC TR $76.0M 13.47%
4 HAWX ISHARES TR $64.0M 11.34%
5 QUAL ISHARES TR $63.1M 11.17%
6 IJR ISHARES TR $62.7M 11.11%
7 ESGU ISHARES TR $8.2M 1.45%
8 IWF ISHARES TR $7.9M 1.4%
9 MSFT MICROSOFT CORP $7.8M 1.38%
10 AAPL APPLE INC $6.6M 1.17%
11 GOOG ALPHABET INC $5.6M 0.99%
12 SCHX SCHWAB STRATEGIC TR $5.3M 0.94%
13 JPM JPMORGAN CHASE & CO. $3.6M 0.64%
14 USXF ISHARES TR $3.4M 0.6%
15 HEFA ISHARES TR $2.9M 0.52%
16 ESML ISHARES TR $2.8M 0.5%
17 XOM EXXON MOBIL CORP $2.4M 0.42%
18 ESGD ISHARES TR $2.2M 0.4%
19 AMZN AMAZON COM INC $2.2M 0.38%
20 IVV ISHARES TR $1.9M 0.33%

Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.

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