CFS Investment Advisory Services, LLC

RIA/Wealth

CFS Investment Advisory Services, LLC is a RIA/Wealth based in Totowa, NJ led by Gregory Mark Makowski, reporting $2.4B in AUM as of Q3 2025 with 78% ETF concentration and minimal technology exposure.

Managing PartnerGregory Mark Makowski

Portfolio Value: $1.3B
Positions: 336
Top Holding: PTLC at 8.73%
Last Reported: Q3 2025

Address97 Lackawanna Avenue, Suite 101, Totowa, NJ, 07512, United States

Top Holdings

Largest long holdings in CFS Investment Advisory Services, LLC's portfolio (33% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Pacer Trendpilot US Large Cap PTLC	ETF ETF	$115.3M	8.73%	+$1.5M Bought	— 2.1M shares	Q3 2021 Held for 4y 2m
2 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$64.1M	4.85%	+$3.7M Bought	— 804.2K shares	Q3 2021 Held for 4y 2m
3 Vanguard Growth VUG	ETF ETF	$52.0M	3.94%	-$618.9K Sold	— 106.2K shares	Q2 2024 Held for 1y 5m
4 BlackRock U.S. Equity Factor Rotation DYNF	ETF ETF	$41.2M	3.12%	+$5.5M Bought	— 687.5K shares	Q1 2024 Held for 1y 8m
5 iShares Russell 1000 Value IWD	ETF ETF	$32.7M	2.48%	+$689.3K Bought	— 158.6K shares	Q2 2024 Held for 1y 5m
6 iShares Core S&P 500 ETF IVV	ETF ETF	$32.2M	2.44%	+$742.4K Bought	— 47.3K shares	Q2 2024 Held for 1y 5m
7 iShares MSCI USA Quality Factor QUAL	ETF ETF	$29.7M	2.25%	-$4.8M Sold	— 151.1K shares	Q3 2021 Held for 4y 2m
8 SPDR Portfolio Long Term Treasury SPTL	ETF ETF	$24.9M	1.89%	+$2.1M Bought	— 906.4K shares	Q3 2021 Held for 4y 2m
9 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$21.9M	1.66%	+$12.0M Bought	— 217.4K shares	Q4 2024 Held for 11 months
10 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$21.5M	1.63%	+$284.5K Bought	— 551.5K shares	Q4 2021 Held for 3y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in CFS Investment Advisory Services, LLC's latest filing

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Market Value

$1.3B

Prior: $1.1B

Q/Q Change

+15.09%

+$173.2M

Net Flows % of MV

+6.38%

Turnover Ratio

7.45%

New Purchases

30 stocks

$78.7M

Added To

156 stocks

+$64.5M

Sold Out Of

8 stocks

$3.1M

Reduced Holdings

138 stocks

-$53.4M

Increased Positions

Position	Shares Δ	Change
1 THRO Theron Resource Group THRO	New	0 → 383.4K +$14.7M
2 BlackRock Total Return BRTR	New	0 → 274.2K +$14.1M
3 GLDM SPDR Gold MiniShares Trust GLDM	New	0 → 167.7K +$13.6M
4 iShares ESG Aware MSCI USA ETF ESGU	New	0 → 50.1K +$7.4M
5 SPDR S&P North American Natural Resources NANR	New	0 → 97.9K +$6.3M

Decreased Positions

Position	Shares Δ	Change
1 iShares International Equity Factor INTF	Sold	30.8K → 0 −$1.1M
2 Axon Enterprise, Inc. AXON	Sold	1.1K → 0 −$948.0K
3 iShares 1-3 Year Treasury Bond SHY	Sold	2.8K → 0 −$232.0K
4 Schwab U.S. Large-Cap Value SCHV	Sold	7.7K → 0 −$212.4K
5 Schwab U.S. Large-Cap Growth SCHG	Sold	7.3K → 0 −$212.3K