Financial Advisors Network, Inc.
CIK 1697856 · View on SEC EDGAR ↗
- Portfolio value
- $815.6M
- Positions
- 208
- As of
- June 30, 2026
#2,793 of 9,443 by 13F value · top 29.6%
Portfolio value QoQ: +12.6% 13F does not disclose cash
- Top 10 holdings weight
- 51.41%
- Top 25 holdings weight
- 73.33%
- Positions above 1%
- 24
- Effective number of positions
- 26.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.55% Est. buys $61,909,237 · sells $11,911,731
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 76.5% still held
- New positions
- 15
- Increased
- 119
- Decreased
- 56
- Closed
- 11
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
12.3%
Healthcare
5.7%
Consumer Discretionary
3.4%
Industrials
2.3%
Consumer Staples
1.7%
Communication Services
1.5%
Energy
1.4%
Communications
0.9%
Utilities
0.8%
Retail
0.7%
Real Estate
0.3%
Financials
0.3%
Consumer products
0.2%
Financial Services
0.2%
Telecommunication
0.1%
Logistics & Transportation
0.1%
Materials
0.1%
Other/Unmapped
67.9%
Full portfolio 208 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BND Vanguard Total Bond Market ETF | $91,647,843 | 11.24% | 1,248,438 | $-3,688,624 | Down ×1 | ||
| VEA | $65,890,256 | 8.08% | 924,776 | $8,677,312 | Up ×1 | ||
| SCHG | $45,812,130 | 5.62% | 1,353,786 | $7,359,435 | Up ×6 | ||
| VTV | $42,069,494 | 5.16% | 193,041 | $6,627,907 | Up ×1 | ||
| SCHV | $38,203,507 | 4.68% | 1,097,487 | $5,878,187 | Up ×6 | ||
| VUG | $35,161,535 | 4.31% | 408,191 | $6,501,764 | Up ×1 | ||
| VWO | $32,572,905 | 3.99% | 545,701 | $4,404,618 | Up ×1 | ||
| IDEV | $23,133,392 | 2.84% | 259,897 | $2,560,735 | Up ×6 | ||
| BNDX Vanguard Total International Bond ETF | $22,620,262 | 2.77% | 467,071 | $-735,984 | Down ×1 | ||
| GILD Gilead Sciences, Inc. - Common Stock | $22,195,084 | 2.72% | 175,677 | $472,763 | Up ×1 | ||
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $17,800,816 | 2.18% | 184,579 | $-151,240 | Down ×1 | ||
| IJS | $16,807,815 | 2.06% | 122,972 | $2,895,454 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $16,171,774 | 1.98% | 55,888 | $2,368,075 | Up ×1 | ||
| HYG | $15,151,272 | 1.86% | 189,462 | $-444,927 | Down ×1 | ||
| IVW | $13,305,962 | 1.63% | 96,750 | $2,316,285 | Down ×6 | ||
| IEMG | $13,158,353 | 1.61% | 158,841 | $2,461,073 | Up ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $12,892,176 | 1.58% | 64,432 | $1,919,431 | Up ×1 | ||
| IVE | $11,035,797 | 1.35% | 48,603 | $686,913 | Down ×6 | ||
| IJT iShares S&P SmallCap 600 Growth ETF | $10,731,352 | 1.32% | 60,086 | $2,193,628 | Up ×1 | ||
| EFA | $9,468,129 | 1.16% | 91,145 | $450,476 | Down ×6 | ||
| FTNT Fortinet, Inc. - Common Stock | $9,015,620 | 1.11% | 58,688 | $4,175,851 | Down ×1 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $8,808,888 | 1.08% | 25,831 | $4,829,425 | Up ×1 | ||
| VBK | $8,299,301 | 1.02% | 22,694 | $1,597,653 | Up ×6 | ||
| VNQ | $8,172,880 | 1.00% | 84,755 | $328,317 | Down ×1 | ||
| ABNB Airbnb, Inc. - Class A Common Stock | $7,920,013 | 0.97% | 55,346 | $1,262,153 | Up ×1 | ||
| EXPE Expedia Group, Inc. - Common Stock | $6,882,736 | 0.84% | 26,898 | $1,125,831 | Up ×1 | ||
| NTAP NetApp, Inc. - Common Stock | $6,784,176 | 0.83% | 43,837 | $2,524,805 | Up ×1 | ||
| MO Altria Group, Inc. | $6,442,689 | 0.79% | 89,544 | $800,050 | Up ×1 | ||
| CAH Cardinal Health, Inc. Common Stock | $5,666,122 | 0.69% | 23,851 | $854,285 | Up ×1 | ||
| ADSK Autodesk, Inc. - Common Stock | $5,150,186 | 0.63% | 26,490 | $-649,758 | Up ×1 | ||
| EEM | $5,037,349 | 0.62% | 73,635 | $804,984 | Down ×4 | ||
| ADBE Adobe Inc. - Common Stock | $4,877,631 | 0.60% | 23,791 | $-259,379 | Up ×6 | ||
| VBR | $4,825,694 | 0.59% | 19,860 | $681,396 | Up ×6 | ||
| MCK McKesson Corporation Common Stock | $4,647,851 | 0.57% | 6,151 | $-333,852 | Up ×1 | ||
| APP Applovin Corporation - Class A Common Stock | $4,139,873 | 0.51% | 8,035 | $1,438,647 | Up ×1 | ||
| SPY SPY | $3,915,376 | 0.48% | 5,243 | $549,872 | Up ×2 | ||
| OTIS Otis Worldwide Corporation Common Stock | $3,905,641 | 0.48% | 54,548 | $15,373 | Up ×3 | ||
| GDDY GoDaddy Inc. Class A Common Stock | $3,644,747 | 0.45% | 42,940 | $617,206 | Up ×1 | ||
| FICO Fair Isaac Corporation Common Stock | $3,638,105 | 0.45% | 3,045 | $910,540 | Up ×5 | ||
| NXPI NXP Semiconductors N.V. - Common Stock | $3,583,414 | 0.44% | 12,751 | $1,105,537 | Up ×1 | ||
| ANET Arista Networks, Inc. Common Stock | $3,519,064 | 0.43% | 20,715 | $1,044,065 | Up ×3 | ||
| EOG EOG Resources, Inc. Common Stock | $3,513,937 | 0.43% | 27,087 | $-358,069 | Up ×1 | ||
| MNST Monster Beverage Corporation - Common Stock | $3,468,298 | 0.43% | 36,083 | $931,691 | Up ×1 | ||
| DPZ Domino's Pizza Inc - Common Stock | $3,377,324 | 0.41% | 11,408 | $-346,958 | Up ×3 | ||
| APA APA Corporation - Common Stock | $3,310,319 | 0.41% | 101,637 | $-1,046,093 | Down ×1 | ||
| MTCH Match Group, Inc. - Common Stock | $3,270,962 | 0.40% | 85,965 | $683,864 | Up ×3 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $3,141,314 | 0.39% | 8,891 | $511,220 | Down ×1 | ||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $3,042,471 | 0.37% | 6,125 | $440,482 | Up ×1 | ||
| HLT Hilton Worldwide Holdings Inc. Common Stock | $3,002,286 | 0.37% | 9,085 | $310,849 | Up ×1 | ||
| RL Ralph Lauren Corporation Common Stock | $2,941,283 | 0.36% | 7,327 | $504,802 | Up ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $2,938,243 | 0.36% | 5,058 | $1,833,618 | Down ×2 | ||
| EW Edwards Lifesciences Corporation Common Stock | $2,866,708 | 0.35% | 31,690 | $341 | Down ×1 | ||
| DXCM DexCom, Inc. - Common Stock | $2,835,166 | 0.35% | 42,096 | $305,833 | Up ×1 | ||
| MSI Motorola Solutions, Inc. Common Stock | $2,825,388 | 0.35% | 6,803 | $-33,172 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $2,502,570 | 0.31% | 10,500 | $303,447 | Down ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $2,468,267 | 0.30% | 6,534 | $535,519 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,420,719 | 0.30% | 6,490 | $25,751 | Up ×4 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,330,097 | 0.29% | 6,520 | $480,149 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $2,283,885 | 0.28% | 3,101 | $556,710 | Up ×6 | ||
| PAYC Paycom Software, Inc. Common Stock | $2,271,106 | 0.28% | 18,071 | $174,698 | Up ×3 | ||
| CVX Chevron Corporation Common Stock | $2,212,058 | 0.27% | 13,345 | $-572,325 | Down ×2 | ||
| SLYG | $2,023,661 | 0.25% | 16,987 | $356,483 | Down ×6 | ||
| TSLA Tesla, Inc. - Common Stock | $1,910,365 | 0.23% | 4,542 | $339,721 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $1,890,660 | 0.23% | 9,965 | $-108,749 | Down ×3 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $1,712,124 | 0.21% | 4,119 | $598,215 | Up ×4 | ||
| IT Gartner, Inc. Common Stock | $1,694,393 | 0.21% | 13,072 | $-185,578 | Up ×6 | ||
| VTI | $1,598,332 | 0.20% | 4,319 | $203,257 | Down ×1 | ||
| IVV | $1,573,418 | 0.19% | 2,101 | $205,596 | Up ×1 | ||
| INTU Intuit Inc. - Common Stock | $1,452,917 | 0.18% | 5,567 | $-646,062 | Up ×2 | ||
| PLD Prologis, Inc. Common Stock | $1,442,620 | 0.18% | 10,649 | $84,470 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $1,437,700 | 0.18% | 2,552 | $102,399 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $1,409,940 | 0.17% | 3,254 | $671,802 | Down ×4 | ||
| SLYV | $1,242,763 | 0.15% | 11,390 | $156,890 | Down ×6 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $1,238,659 | 0.15% | 10,545 | $395,154 | Down ×2 | ||
| VB | $1,204,165 | 0.15% | 3,973 | $278,116 | Up ×1 | ||
| CLMB Climb Global Solutions, Inc. - Common Stock | $1,060,349 | 0.13% | 45,685 | $-525,172 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $1,031,101 | 0.13% | 4,060 | $106,498 | Up ×1 | ||
| BRKB | $1,023,309 | 0.13% | 2,045 | $44,292 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $1,002,769 | 0.12% | 7,334 | $-136,954 | Up ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $997,497 | 0.12% | 937 | $285,016 | Down ×2 | ||
| WMT Walmart Inc. - Common Stock | $971,601 | 0.12% | 8,578 | $29,677 | Up ×3 | ||
| CMI Cummins Inc. Common Stock | $969,062 | 0.12% | 1,359 | $233,224 | Down ×2 | ||
| PAYX Paychex, Inc. - Common Stock | $926,521 | 0.11% | 9,423 | $121,388 | Up ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $894,547 | 0.11% | 6,100 | $41 | Down ×5 | ||
| KLAC KLA Corporation - Common Stock | $883,414 | 0.11% | 2,928 | $415,172 | Up ×1 | ||
| VIG | $862,243 | 0.11% | 3,644 | $95,984 | Up ×3 | ||
| JPM JP Morgan Chase & Co. Common Stock | $860,430 | 0.11% | 2,629 | $375,079 | Up ×1 | ||
| VZ Verizon Communications Inc. Common Stock | $838,067 | 0.10% | 19,794 | $-36,710 | Up ×5 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $820,422 | 0.10% | 4,440 | $162,380 | Down ×1 | ||
| MAS Masco Corporation Common Stock | $813,944 | 0.10% | 10,003 | $123,130 | Down ×2 | ||
| STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) | $810,600 | 0.10% | 840 | $481,522 | |||
| AMAT Applied Materials, Inc. - Common Stock | $788,793 | 0.10% | 1,091 | $381,721 | Down ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $756,840 | 0.09% | 10,600 | $-178,219 | Up ×4 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $723,996 | 0.09% | 1,516 | $342,112 | Up ×3 | ||
| HD Home Depot, Inc. (The) Common Stock | $721,718 | 0.09% | 2,046 | $46,384 | Down ×4 | ||
| IBM International Business Machines Corporation Common Stock | $710,730 | 0.09% | 2,527 | $-160,603 | Down ×3 | ||
| VXUS Vanguard Total International Stock ETF | $707,165 | 0.09% | 8,272 | $81,652 | Up ×1 | ||
| WEC WEC Energy Group, Inc. Common Stock | $705,649 | 0.09% | 6,043 | $78,654 | Up ×6 | ||
| VLO Valero Energy Corporation Common Stock | $698,834 | 0.09% | 2,683 | $29,479 | Down ×2 | ||
| MU Micron Technology, Inc. - Common Stock | $691,153 | 0.08% | 599 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| SCHG | $45,812,130 | 5.62% | up ×6 |
| SCHV | $38,203,507 | 4.68% | up ×6 |
| IDEV | $23,133,392 | 2.84% | up ×6 |
| IEMG | $13,158,353 | 1.61% | up ×6 |
| VBK | $8,299,301 | 1.02% | up ×6 |
| ADBE | $4,877,631 | 0.60% | up ×6 |
| VBR | $4,825,694 | 0.59% | up ×6 |
| OTIS | $3,905,641 | 0.48% | up ×3 |
| FICO | $3,638,105 | 0.45% | up ×5 |
| ANET | $3,519,064 | 0.43% | up ×3 |
| DPZ | $3,377,324 | 0.41% | up ×3 |
| MTCH | $3,270,962 | 0.40% | up ×3 |
| MSFT | $2,420,719 | 0.30% | up ×4 |
| QQQ | $2,283,885 | 0.28% | up ×6 |
| PAYC | $2,271,106 | 0.28% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| MU | $691,153 | 599 | 0.08% |
| INTC | $477,130 | 3,417 | 0.06% |
| WDC | $330,672 | 518 | 0.04% |
| SNDK | $286,490 | 126 | 0.04% |
| ESS | $264,472 | 907 | 0.03% |
| QQQM | $260,437 | 860 | 0.03% |
| KDP | $227,179 | 6,941 | 0.03% |
| RDVY | $222,185 | 2,741 | 0.03% |
| CINF | $221,260 | 1,195 | 0.03% |
| GWW | $220,453 | 162 | 0.03% |
| ABBV | $209,364 | 832 | 0.03% |
| GSLC | $206,876 | 1,458 | 0.03% |
| EFV | $205,843 | 2,689 | 0.03% |
| UNP | $204,646 | 752 | 0.03% |
| ELV | $201,486 | 521 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VEA | Bought more | +32K | +$8.7M |
| SCHG | Bought more | +34K | +$7.4M |
| VTV | Bought more | +12K | +$6.6M |
| VUG | Bought more | +343K | +$6.5M |
| SCHV | Bought more | +38K | +$5.9M |
| PANW | Bought more | +1K | +$4.8M |
| VWO | Bought more | +25K | +$4.4M |
| FTNT | Trimmed | -536 | +$4.2M |
| BND | Trimmed | -46K | -$3.7M |
| IJS | Bought more | +6K | +$2.9M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| EA | March 31, 2026 | 16,633 | $3,398,521 | No longer tracked |
| ABBV | March 31, 2026 | 14,092 | $3,219,819 | 21.3% |
| MOH | March 31, 2025 | 10,965 | $3,191,363 | -39.8% |
| RMD | March 31, 2026 | 11,378 | $2,740,534 | 2.4% |
| GEN | March 31, 2025 | 97,933 | $2,681,397 | 5.8% |
| ON | March 31, 2026 | 46,247 | $2,504,275 | 21.3% |
| KEYS | March 31, 2025 | 15,571 | $2,501,170 | 111.7% |
| SBAC | March 31, 2026 | 12,657 | $2,448,246 | 6.2% |
| KLAC | March 31, 2025 | 3,690 | $2,325,275 | -72.7% |
| WDAY | March 31, 2026 | 10,526 | $2,260,774 | 50.4% |
| VRTX | March 31, 2025 | 5,518 | $2,222,099 | 12.8% |
| LULU | March 31, 2026 | 8,987 | $1,867,588 | -23.1% |
| ENPH | March 31, 2025 | 20,736 | $1,424,148 | -37.0% |
| IGOV | March 31, 2025 | 19,705 | $757,066 | |
| BLV | March 31, 2026 | 9,704 | $674,622 | No longer tracked |
| ORCL | March 31, 2025 | 4,004 | $667,273 | 4.8% |
| IPG | Dec. 31, 2025 | 22,785 | $635,935 | No longer tracked |
| RHI | March 31, 2025 | 8,057 | $567,717 | -19.2% |
| ORLY | March 31, 2026 | 6,135 | $559,573 | -3.7% |
| MPC | March 31, 2025 | 3,995 | $557,291 | 149.0% |
| ULTA | March 31, 2025 | 1,025 | $445,803 | 41.4% |
| MPWR | March 31, 2026 | 479 | $434,349 | 20.4% |
| NKE | March 31, 2025 | 5,224 | $395,263 | -36.1% |
| COR | March 31, 2026 | 1,047 | $353,754 | 0.9% |
| HON | June 30, 2026 | 1,555 | $351,477 | -1.9% |
| OKE | March 31, 2025 | 3,436 | $344,986 | -4.5% |
| HRL | March 31, 2026 | 14,321 | $339,400 | 5.8% |
| IP | March 31, 2025 | 6,224 | $334,987 | -23.4% |
| CAG | March 31, 2025 | 11,521 | $319,720 | -39.7% |
| PSA | March 31, 2025 | 1,062 | $318,092 | 7.7% |
| CMG | Sept. 30, 2025 | 5,574 | $312,980 | -8.4% |
| QQQM | March 31, 2026 | 1,190 | $301,051 | |
| MET | March 31, 2025 | 3,615 | $296,028 | 17.9% |
| BMY | March 31, 2026 | 5,257 | $283,538 | 8.9% |
| ACN | June 30, 2026 | 1,417 | $280,977 | 46.7% |
| VRSN | Dec. 31, 2025 | 1,003 | $280,409 | 14.1% |
| EXPE | June 30, 2025 | 1,597 | $268,456 | 90.8% |
| DIA | March 31, 2025 | 628 | $267,278 | No longer tracked |
| MCHP | March 31, 2026 | 4,159 | $264,994 | 18.1% |
| CRM | June 30, 2026 | 1,416 | $264,336 | 31.2% |
| ELV | March 31, 2026 | 753 | $263,964 | 36.6% |
| ZTS | March 31, 2026 | 2,096 | $263,689 | -35.2% |
| AMGN | June 30, 2025 | 828 | $257,963 | 56.2% |
| MAA | March 31, 2025 | 1,640 | $253,507 | -21.2% |
| ADSK | Dec. 31, 2025 | 783 | $248,736 | -16.5% |
| CL | Sept. 30, 2025 | 2,697 | $245,128 | 12.9% |
| IBIT | Dec. 31, 2025 | 3,743 | $243,295 | |
| MAIN | March 31, 2026 | 4,000 | $241,560 | 11.0% |
| CMF | March 31, 2025 | 4,156 | $238,056 | No longer tracked |
| ATRO | June 30, 2026 | 3,562 | $237,692 | -6.6% |
| CHRW | June 30, 2025 | 2,298 | $235,340 | 50.9% |
| DIS | Dec. 31, 2025 | 2,049 | $234,592 | -5.8% |
| WFC | March 31, 2026 | 2,491 | $232,115 | 6.3% |
| GLW | March 31, 2025 | 4,835 | $229,772 | 235.4% |
| IBIT | March 31, 2025 | 4,273 | $226,683 | |
| MAR | March 31, 2025 | 804 | $224,268 | 49.9% |
| NUE | June 30, 2025 | 1,853 | $222,932 | 92.5% |
| ATRO | Sept. 30, 2025 | 6,562 | $219,696 | 66.5% |
| MTD | June 30, 2026 | 174 | $219,449 | 9.0% |
| TEL | March 31, 2026 | 964 | $219,320 | -3.0% |
| SPGI | March 31, 2026 | 418 | $218,483 | 2.0% |
| K | Dec. 31, 2025 | 2,649 | $217,271 | No longer tracked |
| DVN | March 31, 2025 | 6,616 | $216,540 | 31.4% |
| T | June 30, 2026 | 7,441 | $215,729 | 22.6% |
| EXPD | June 30, 2025 | 1,783 | $214,406 | 65.1% |
| AVY | June 30, 2026 | 1,216 | $209,979 | 12.5% |
| TTD | March 31, 2025 | 1,784 | $209,674 | -75.8% |
| ACN | June 30, 2025 | 671 | $209,379 | -38.9% |
| CRM | March 31, 2025 | 626 | $209,291 | -23.4% |
| DECK | June 30, 2026 | 2,072 | $207,386 | -9.5% |
| PKG | March 31, 2025 | 920 | $207,120 | 26.7% |
| MELI | March 31, 2026 | 102 | $205,455 | 12.0% |
| SYK | March 31, 2026 | 584 | $205,243 | 0.6% |
| AMCR | June 30, 2026 | 5,162 | $205,206 | 11.1% |
| MGK | March 31, 2025 | 590 | $202,693 | No longer tracked |
| MDLZ | Dec. 31, 2025 | 3,243 | $202,561 | 19.1% |
| ETSY | June 30, 2025 | 4,279 | $201,883 | 60.9% |
| SRE | June 30, 2026 | 2,074 | $201,531 | -6.9% |
| EMN | March 31, 2026 | 3,147 | $200,904 | -2.3% |
| VTRS | March 31, 2025 | 15,442 | $192,251 | 84.4% |
| HST | March 31, 2025 | 10,084 | $176,677 | 63.1% |
| F | March 31, 2025 | 11,707 | $115,898 | 43.1% |
| IBRX | June 30, 2026 | 10,000 | $76,700 | -9.8% |
| EMX | Sept. 30, 2025 | 27,563 | $69,459 | No longer tracked |
| IBRX | March 31, 2025 | 20,000 | $51,200 | 162.5% |