Mill Creek Capital Advisors, LLC Top Holdings and 13F Report (2023)

About Mill Creek Capital Advisors, LLC

Investment Activity

Mill Creek Capital Advisors, LLC has $3.93 billion in total holdings as of December 31, 2022.
Mill Creek Capital Advisors, LLC owns shares of 259 different stocks, but just 15 companies or ETFs make up 80% of its holdings.
Approximately 6.40% of the portfolio was purchased this quarter.
About 1.80% of the portfolio was sold this quarter.
This quarter, Mill Creek Capital Advisors, LLC has purchased 240 new stocks and bought additional shares in 119 stocks.
Mill Creek Capital Advisors, LLC sold shares of 62 stocks and completely divested from 5 stocks this quarter.

Largest Holdings

Vanguard Growth ETF: $996,174,634
Vanguard Value ETF: $857,940,923
iShares Core MSCI Total International Stock ETF: $279,679,543
iShares Core MSCI EAFE ETF: $230,377,440
iShares Core MSCI Emerging Markets ETF: $117,531,273

Largest New Holdings this Quarter

iShares Core Dividend Growth ETF: $8,101,403 Holding
Vanguard High Dividend Yield ETF: $5,189,823 Holding
iShares Russell 2000 Value ETF: $3,656,266 Holding
iShares Russell 2000 Growth ETF: $3,601,650 Holding
Vanguard Real Estate ETF: $2,332,381 Holding

Largest Purchases this Quarter

iShares Core MSCI EAFE ETF: 834,485 shares (about $60.62M)
iShares Core MSCI Total International Stock ETF: 472,635 shares (about $31.93M)
iShares Core MSCI Emerging Markets ETF: 442,859 shares (about $23.71M)
Vanguard Small-Cap Growth ETF: 66,725 shares (about $16.69M)
Vanguard Value ETF: 56,568 shares (about $9.07M)

Largest Sales this Quarter

Vanguard Small-Cap Value ETF: 75,600 shares (about $13.80M)
iShares Russell 1000 Growth ETF: 32,070 shares (about $11.69M)
iShares Russell 1000 Value ETF: 50,100 shares (about $8.74M)
Hartford Multifactor Developed Markets (ex-US) ETF: 299,439 shares (about $8.27M)
Franklin U.S. Low Volatility High Dividend Index ETF: 223,389 shares (about $8.00M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
VUG Vanguard Growth ETF	$996,174,634	$4,876,717 ▲	0.5%	2,663,497	25.4%	ETF
VTV Vanguard Value ETF	$857,940,923	$9,074,074 ▲	1.1%	5,348,425	21.8%	ETF
IXUS iShares Core MSCI Total International Stock ETF	$279,679,543	$31,931,220 ▲	12.9%	4,139,721	7.1%	Manufacturing
IEFA iShares Core MSCI EAFE ETF	$230,377,440	$60,616,983 ▲	35.7%	3,171,496	5.9%	ETF
IEMG iShares Core MSCI Emerging Markets ETF	$117,531,273	$23,706,243 ▲	25.3%	2,195,615	3.0%	ETF
AGG iShares Core U.S. Aggregate Bond ETF	$104,283,694	$5,312,934 ▲	5.4%	1,074,314	2.7%	Finance
VBR Vanguard Small-Cap Value ETF	$87,203,903	$13,798,519 ▼	-13.7%	477,777	2.2%	ETF
VOO Vanguard S&P 500 ETF	$86,489,995	$2,973,773 ▲	3.6%	172,935	2.2%	ETF
VBK Vanguard Small-Cap Growth ETF	$77,539,478	$16,689,909 ▲	27.4%	309,997	2.0%	ETF
SPY SPDR S&P 500 ETF Trust	$73,911,364	$7,648,443 ▲	11.5%	135,812	1.9%	Finance
VTC Vanguard Total Corporate Bond Fund	$68,571,394	$1,423,614 ▲	2.1%	905,831	1.7%	ETF
RODM Hartford Multifactor Developed Markets (ex-US) ETF	$62,252,315	$8,271,255 ▼	-11.7%	2,253,681	1.6%	ETF
GOVT iShares U.S. Treasury Bond ETF	$52,121,149	$702,514 ▼	-1.3%	2,309,311	1.3%	ETF
MBB iShares MBS ETF	$45,953,670	$1,152,399 ▲	2.6%	500,530	1.2%	ETF
SIMPLIFY MBS ETF	$45,093,803	$2,811,045 ▲	6.6%	895,429	1.1%	ETF
ACWI iShares MSCI ACWI ETF	$39,656,753	$1,125,799 ▼	-2.8%	352,818	1.0%	Manufacturing
IWV iShares Russell 3000 ETF	$39,028,465	$756,857 ▲	2.0%	126,441	1.0%	ETF
JNJ Johnson & Johnson	$37,292,392	$1,202,165 ▼	-3.1%	255,148	0.9%	Medical
AAPL Apple	$36,212,576	$1,763,313 ▲	5.1%	171,933	0.9%	Computer and Technology
VXUS Vanguard Total International Stock ETF	$35,206,577	$100,701 ▼	-0.3%	583,857	0.9%	ETF
IVV iShares Core S&P 500 ETF	$26,182,819	$5,624,988 ▲	27.4%	47,846	0.7%	ETF
SCZ iShares MSCI EAFE Small-Cap ETF	$22,487,722	$1,367,728 ▲	6.5%	364,824	0.6%	ETF
PG Procter & Gamble	$19,228,176	$87,902 ▼	-0.5%	116,591	0.5%	Consumer Staples
BRK.A Berkshire Hathaway	$17,754,989		0.0%	29	0.5%	Finance
ESGV Vanguard ESG US Stock ETF	$16,946,278	$1,155,575 ▼	-6.4%	175,391	0.4%	ETF
AGZ iShares Agency Bond ETF	$16,570,899	$388,293 ▼	-2.3%	153,976	0.4%	Finance
IWF iShares Russell 1000 Growth ETF	$14,552,557	$11,689,723 ▼	-44.5%	39,924	0.4%	ETF
ACWX iShares MSCI ACWI ex U.S. ETF	$13,294,498	$44,310 ▼	-0.3%	250,226	0.3%	Manufacturing
MSFT Microsoft	$13,097,682	$977,913 ▲	8.1%	29,305	0.3%	Computer and Technology
MDY SPDR S&P MidCap 400 ETF Trust	$11,360,459	$4,336,890 ▲	61.7%	21,231	0.3%	ETF
IWP iShares Russell Mid-Cap Growth ETF	$10,947,698	$3,893,584 ▲	55.2%	99,209	0.3%	ETF
TLT iShares 20+ Year Treasury Bond ETF	$10,606,235	$1,040,322 ▲	10.9%	115,562	0.3%	ETF
EFG iShares MSCI EAFE Growth ETF	$9,788,618	$2,495,619 ▼	-20.3%	95,685	0.2%	ETF
VTI Vanguard Total Stock Market ETF	$9,508,108	$91,488 ▼	-1.0%	35,543	0.2%	ETF
IJK iShares S&P Mid-Cap 400 Growth ETF	$9,051,717		0.0%	102,732	0.2%	ETF
EFA iShares MSCI EAFE ETF	$8,627,584	$3,486,705 ▲	67.8%	110,144	0.2%	Finance
MA Mastercard	$8,470,144	$42,792 ▼	-0.5%	19,200	0.2%	Business Services
BRK.B Berkshire Hathaway	$8,323,535	$241,232 ▲	3.0%	20,461	0.2%	Finance
IJJ iShares S&P Mid-Cap 400 Value ETF	$8,194,762		0.0%	72,226	0.2%	ETF
DGRO iShares Core Dividend Growth ETF	$8,101,403	$8,101,403 ▲	New Holding	140,625	0.2%	ETF
IWS iShares Russell Mid-Cap Value ETF	$7,437,266	$4,089,005 ▲	122.1%	61,597	0.2%	ETF
TMO Thermo Fisher Scientific	$7,363,803	$10,507 ▲	0.1%	13,316	0.2%	Medical
EEM iShares MSCI Emerging Markets ETF	$7,269,729	$1,917,572 ▼	-20.9%	170,691	0.2%	Finance
XLK Technology Select Sector SPDR Fund	$7,105,114	$4,570,692 ▲	180.3%	31,407	0.2%	ETF
IJT iShares S&P Small-Cap 600 Growth ETF	$6,553,141		0.0%	51,025	0.2%	ETF
AMZN Amazon.com	$6,470,976	$537,815 ▲	9.1%	33,485	0.2%	Retail/Wholesale
IWM iShares Russell 2000 ETF	$5,898,545	$30,636 ▼	-0.5%	29,073	0.2%	Finance
JPM JPMorgan Chase & Co.	$5,876,887	$108,007 ▲	1.9%	29,056	0.1%	Finance
PWV Invesco Large Cap Value ETF	$5,850,477		0.0%	106,295	0.1%	ETF
IWD iShares Russell 1000 Value ETF	$5,745,472	$8,740,948 ▼	-60.3%	32,931	0.1%	ETF
NVDA NVIDIA	$5,559,424	$5,187,445 ▲	1,394.6%	45,001	0.1%	Computer and Technology
IWB iShares Russell 1000 ETF	$5,409,138	$1,785 ▲	0.0%	18,180	0.1%	ETF
PWB Invesco Large Cap Growth ETF	$5,203,326		0.0%	55,088	0.1%	ETF
VYM Vanguard High Dividend Yield ETF	$5,189,823	$5,189,823 ▲	New Holding	43,759	0.1%	ETF
TSLA Tesla	$5,099,763	$23,548 ▲	0.5%	25,772	0.1%	Auto/Tires/Trucks
VB Vanguard Small-Cap ETF	$4,961,387	$18,098 ▼	-0.4%	22,754	0.1%	ETF
CWI SPDR MSCI ACWI ex-US ETF	$4,956,463	$425,443 ▼	-7.9%	175,078	0.1%	ETF
IVW iShares S&P 500 Growth ETF	$4,776,545	$107,161 ▼	-2.2%	51,616	0.1%	ETF
XLV Health Care Select Sector SPDR Fund	$4,754,842	$3,534,321 ▲	289.6%	32,623	0.1%	ETF
QQQ Invesco QQQ	$4,389,606	$49,827 ▲	1.1%	9,162	0.1%	Finance
SCHF Schwab International Equity ETF	$4,173,836	$77 ▼	0.0%	108,637	0.1%	ETF
GOOG Alphabet	$4,039,826	$274,763 ▲	7.3%	22,025	0.1%	Computer and Technology
IWN iShares Russell 2000 Value ETF	$3,656,266	$3,656,266 ▲	New Holding	24,007	0.1%	ETF
IWO iShares Russell 2000 Growth ETF	$3,601,650	$3,601,650 ▲	New Holding	13,719	0.1%	ETF
META Meta Platforms	$3,574,430	$121,013 ▲	3.5%	7,089	0.1%	Computer and Technology
EFV iShares MSCI EAFE Value ETF	$3,495,208	$2,516,573 ▼	-41.9%	65,898	0.1%	ETF
VIG Vanguard Dividend Appreciation ETF	$3,307,989		0.0%	18,121	0.1%	ETF
SCHG Schwab U.S. Large-Cap Growth ETF	$3,249,948		0.0%	32,229	0.1%	ETF
DIS Walt Disney	$3,237,853	$14,000 ▲	0.4%	32,610	0.1%	Consumer Discretionary
GOOGL Alphabet	$3,098,736	$238,070 ▲	8.3%	17,012	0.1%	Computer and Technology
AMT American Tower	$2,915,894	$10,302 ▼	-0.4%	15,001	0.1%	Finance
OLED Universal Display	$2,901,871	$32,379 ▲	1.1%	13,802	0.1%	Computer and Technology
SONY Sony Group	$2,701,155	$1,869 ▲	0.1%	31,797	0.1%	Consumer Discretionary
DVY iShares Select Dividend ETF	$2,675,908	$92,790 ▼	-3.4%	22,119	0.1%	ETF
XOM Exxon Mobil	$2,597,161	$180,051 ▲	7.4%	22,560	0.1%	Oils/Energy
VNQ Vanguard Real Estate ETF	$2,332,381	$2,332,381 ▲	New Holding	27,846	0.1%	ETF
LLY Eli Lilly and Company	$2,261,639	$175,644 ▲	8.4%	2,498	0.1%	Medical
IJR iShares Core S&P Small-Cap ETF	$2,261,324	$1,404,515 ▲	163.9%	21,201	0.1%	ETF
UNP Union Pacific	$2,256,265	$13,802 ▼	-0.6%	9,972	0.1%	Transportation
COST Costco Wholesale	$2,245,589	$247,338 ▲	12.4%	2,642	0.1%	Retail/Wholesale
VGT Vanguard Information Technology ETF	$2,186,568	$160,302 ▲	7.9%	3,792	0.1%	ETF
KVUE Kenvue	$2,169,023	$309 ▲	0.0%	119,308	0.1%	Consumer Staples
QUAL iShares MSCI USA Quality Factor ETF	$2,063,876	$870,906 ▼	-29.7%	12,086	0.1%	ETF
XLP Consumer Staples Select Sector SPDR Fund	$2,022,619	$1,399,108 ▲	224.4%	26,412	0.1%	ETF
FI Fiserv	$1,999,223	$12,519 ▲	0.6%	13,414	0.1%	Business Services
CGW Invesco S&P Global Water Index ETF	$1,938,984	$1,938,984 ▲	New Holding	35,069	0.0%	ETF
HD Home Depot	$1,905,472	$56,114 ▲	3.0%	5,535	0.0%	Retail/Wholesale
GS The Goldman Sachs Group	$1,896,852	$64,676 ▲	3.5%	4,194	0.0%	Finance
DIA SPDR Dow Jones Industrial Average ETF Trust	$1,835,573		0.0%	4,693	0.0%	Finance
NMFC New Mountain Finance	$1,823,760		0.0%	149,000	0.0%	Finance
MUB iShares National Muni Bond ETF	$1,749,425	$2,024 ▲	0.1%	16,419	0.0%	ETF
V Visa	$1,582,282	$98,696 ▲	6.7%	6,028	0.0%	Business Services
PEP PepsiCo	$1,525,932	$108,524 ▲	7.7%	9,252	0.0%	Consumer Staples
SLM SLM	$1,511,703	$101,414 ▼	-6.3%	72,713	0.0%	Finance
ACN Accenture	$1,500,059	$48,242 ▲	3.3%	4,944	0.0%	Computer and Technology
VDC Vanguard Consumer Staples ETF	$1,469,937	$1,238,077 ▲	534.0%	7,240	0.0%	ETF
MOV Movado Group	$1,460,525		0.0%	58,750	0.0%	Retail/Wholesale
ECL Ecolab	$1,425,144	$59,500 ▲	4.4%	5,988	0.0%	Basic Materials
EZU iShares MSCI Eurozone ETF	$1,353,278	$1,353,278 ▲	New Holding	27,717	0.0%	ETF
SUSA iShares MSCI USA ESG Select ETF	$1,350,316	$2,247 ▲	0.2%	12,017	0.0%	ETF