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Institutional Investment Manager
FINANCIAL CONSULATE, INC
FINANCIAL CONSULATE, INC (CIK: 0001624510) incorporated in Maryland, located at 11019 Mccormick Road, Hunt Valley, MD. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 71 holdings with a total value of $130,672,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SCHWAB U.S. BROAD MARKET ETF 439,923 22,128,000 16.93%
2 SCHWAB U.S. LARGE-CAP ETF 353,125 17,575,000 13.45%
3 RYDEX ETF TRUST 125,660 10,167,000 7.78%
4 MCCORMICK & CO INC 76,916 8,205,000 6.28%
5 SCHWAB INTERMEDIATE-TERM US TREASURY ETF 114,832 6,427,000 4.92%
6 SCHWAB INTERNATIONAL EQUITY ETF 214,977 5,828,000 4.46%
7 SCHWAB U.S. MID-CAP ETF 113,107 4,752,000 3.64%
8 ISHARES TR 21,576 4,542,000 3.48%
9 SCHWAB US AGGREGATE BOND ETF 70,467 3,785,000 2.90%
10 ISHARES MSCI GLOBAL SILVER MINERS ETF 226,818 3,006,000 2.30%
11 ITRON INC 63,084 2,719,000 2.08%
12 APPLE INC 26,588 2,542,000 1.95%
13 ISHARES SILVER TR 141,167 2,522,000 1.93%
14 PATRICK INDS INC COM 39,462 2,379,000 1.82%
15 HONDA MOTOR CO ADR SPONSORED 92,271 2,337,000 1.79%
16 VANGUARD INDEX FDS 21,705 2,326,000 1.78%
17 HARRIS & HARRIS GROUP INC 1,342,907 2,162,000 1.65%
18 SCHWAB US DIVIDEND EQUITY ETF 41,715 1,729,000 1.32%
19 EXXON MOBIL CORP 14,653 1,374,000 1.05%
20 MCDONALDS CORP 9,539 1,148,000 0.88%
21 VANGUARD CHARLOTTE FDS 18,780 1,046,000 0.80%
22 Schwab Fundamental US Large Company ETF 34,265 1,039,000 0.80%
23 ISHARES TR 8,102 912,000 0.70%
24 SCHWAB U.S. SMALL-CAP ETF 16,843 910,000 0.70%
25 AT&T INC 20,637 892,000 0.68%
26 VANGUARD SCOTTSDALE FDS 12,575 845,000 0.65%
27 PNC FINL SVCS GROUP INC 10,167 827,000 0.63%
28 ISHARES TR 5,063 756,000 0.58%
29 VANGUARD INTL EQUITY INDEX F 17,339 743,000 0.57%
30 SPDR INDEX SHS FDS 14,168 714,000 0.55%
31 ISHARES TR 7,416 706,000 0.54%
32 SPDR MSCI ACWI EX-US 22,292 679,000 0.52%
33 KIMBERLY CLARK CORP 4,655 640,000 0.49%
34 MICROSOFT CORP 12,460 638,000 0.49%
35 SUPREME INDS INC 44,114 604,000 0.46%
36 VERIZON COMMUNICATIONS INC 10,667 596,000 0.46%
37 HP INC 44,152 554,000 0.42%
38 ACNB CORP 20,687 519,000 0.40%
39 M & T BK CORP 3,665 433,000 0.33%
40 VANGUARD SCOTTSDALE FDS 6,995 430,000 0.33%
41 SCHLUMBERGER LTD 5,333 422,000 0.32%
42 SCHWAB SHORT-TERM US TREASURY ETF 8,125 414,000 0.32%
43 GENERAL ELECTRIC CO 12,651 398,000 0.30%
44 BERKSHIRE HATHAWAY INC DEL 2,684 389,000 0.30%
45 ISHARES TR 3,178 371,000 0.28%
46 SCHWAB STRATEGIC TR 12,390 364,000 0.28%
47 AERIE PHARMACEUTICALS INC 20,000 352,000 0.27%
48 WALGREENS BOOTS ALLIANCE INC 4,210 351,000 0.27%
49 PROCTER AND GAMBLE CO 4,135 350,000 0.27%
50 CSX CORP 13,000 339,000 0.26%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001214659-16-012747, filed 2016.07.22).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.