# EDGAR Filing Document

**Accession Number:** 0001958397
**File Stem:** 0001172661-23-000168
**Filing Date:** 2023-1
**Character Count:** 12845
**Document Hash:** 76e01b4c8a6eea508915858d436235b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000168.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001172661-23-000168

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20200930

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**EFFECTIVENESS DATE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gray Wealth Management Inc.
- **CENTRAL INDEX KEY:** 0001958397
- **IRS NUMBER:** 205919892
- **STATE OF INCORPORATION:** ME
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22714
- **FILM NUMBER:** 23527590

**BUSINESS ADDRESS:**
- **STREET 1:** 128 BROADWAY
- **CITY:** BANGOR
- **STATE:** ME
- **ZIP:** 04401
- **BUSINESS PHONE:** 207-992-2819

**MAIL ADDRESS:**
- **STREET 1:** 128 BROADWAY
- **CITY:** BANGOR
- **STATE:** ME
- **ZIP:** 04401

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2020

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Gray Wealth Management Inc.<br>**Address:** 128 Broadway<br>Bangor, ME 04401

**Form 13F File Number:** 028-22714

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Vance B. Gray Jr.<br>**Title:** President<br>**Phone:** 207-992-2819

**Signature, Place, and Date of Signing:**

/s/ Vance B. Gray Jr.  Bangor, ME  01-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 96

**Form 13F Information Table Value Total:** $127611

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| VANECK VECTORS ETF TR | SHORT MUNI ETF | 92189F528 |  | 181 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 260 | 675 | SH |  | SOLE |  | 675 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S MIDCP LOW | 46138E198 |  | 294 | 7086 | SH |  | SOLE |  | 7086 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 221 | 1509 | SH |  | SOLE |  | 1509 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 349 | 5113 | SH |  | SOLE |  | 5113 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 541 | 4702 | SH |  | SOLE |  | 4702 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 810 | 10058 | SH |  | SOLE |  | 10058 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 283 | 5603 | SH |  | SOLE |  | 5603 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 392 | 2369 | SH |  | SOLE |  | 2369 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 6102 | 48305 | SH |  | SOLE |  | 48305 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 3035 | 14934 | SH |  | SOLE |  | 14934 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 567 | 10212 | SH |  | SOLE |  | 10212 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 412 | 1875 | SH |  | SOLE |  | 1875 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 931 | 5686 | SH |  | SOLE |  | 5686 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 399 | 6462 | SH |  | SOLE |  | 6462 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 4380 | 36518 | SH |  | SOLE |  | 36518 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 690 | 5630 | SH |  | SOLE |  | 5630 | 0 | 0 |
| VANECK VECTORS ETF TR | INTRMDT MUNI ETF | 92189H201 |  | 397 | 7738 | SH |  | SOLE |  | 7738 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 7356 | 88909 | SH |  | SOLE |  | 88909 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 8687 | 38133 | SH |  | SOLE |  | 38133 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1028 | 12881 | SH |  | SOLE |  | 12881 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 204 | 2563 | SH |  | SOLE |  | 2563 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2381 | 11347 | SH |  | SOLE |  | 11347 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2031 | 11913 | SH |  | SOLE |  | 11913 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 414 | 14670 | SH |  | SOLE |  | 14670 | 0 | 0 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 212 | 10057 | SH |  | SOLE |  | 10057 | 0 | 0 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 1217 | 20779 | SH |  | SOLE |  | 20779 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 308 | 1560 | SH |  | SOLE |  | 1560 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 849 | 6081 | SH |  | SOLE |  | 6081 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 559 | 14465 | SH |  | SOLE |  | 14465 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 8605 | 25604 | SH |  | SOLE |  | 25604 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 226 | 2860 | SH |  | SOLE |  | 2860 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 316 | 3578 | SH |  | SOLE |  | 3578 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 628 | 7737 | SH |  | SOLE |  | 7737 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 1560 | 5002 | SH |  | SOLE |  | 5002 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 215 | 3861 | SH |  | SOLE |  | 3861 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 858 | 3643 | SH |  | SOLE |  | 3643 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 208 | 8647 | SH |  | SOLE |  | 8647 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 221 | 1828 | SH |  | SOLE |  | 1828 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 4293 | 37066 | SH |  | SOLE |  | 37066 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 859 | 9746 | SH |  | SOLE |  | 9746 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 233 | 692 | SH |  | SOLE |  | 692 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 311 | 2238 | SH |  | SOLE |  | 2238 | 0 | 0 |
| PIMCO ETF TR | SHTRM MUN BD ACT | 72201R874 |  | 254 | 4961 | SH |  | SOLE |  | 4961 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 222 | 2045 | SH |  | SOLE |  | 2045 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 336 | 2251 | SH |  | SOLE |  | 2251 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 290 | 7243 | SH |  | SOLE |  | 7243 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 222 | 2987 | SH |  | SOLE |  | 2987 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 4387 | 28574 | SH |  | SOLE |  | 28574 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1435 | 7177 | SH |  | SOLE |  | 7177 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1200 | 383 | SH |  | SOLE |  | 383 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 1289 | 21480 | SH |  | SOLE |  | 21480 | 0 | 0 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 578 | 4489 | SH |  | SOLE |  | 4489 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 378 | 4673 | SH |  | SOLE |  | 4673 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 258 | 3678 | SH |  | SOLE |  | 3678 | 0 | 0 |
| FLEXSHARES TR | QUALT DIVD IDX | 33939L860 |  | 390 | 8713 | SH |  | SOLE |  | 8713 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 767 | 28832 | SH |  | SOLE |  | 28832 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 520 | 8085 | SH |  | SOLE |  | 8085 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 369 | 7530 | SH |  | SOLE |  | 7530 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 475 | 5935 | SH |  | SOLE |  | 5935 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 549 | 2410 | SH |  | SOLE |  | 2410 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 314 | 9075 | SH |  | SOLE |  | 9075 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 4735 | 26844 | SH |  | SOLE |  | 26844 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 310 | 1670 | SH |  | SOLE |  | 1670 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 715 | 12931 | SH |  | SOLE |  | 12931 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 697 | 3279 | SH |  | SOLE |  | 3279 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3299 | 23707 | SH |  | SOLE |  | 23707 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 249 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 668 | 12905 | SH |  | SOLE |  | 12905 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 2776 | 28950 | SH |  | SOLE |  | 28950 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 496 | 4293 | SH |  | SOLE |  | 4293 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1531 | 25810 | SH |  | SOLE |  | 25810 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 218 | 3533 | SH |  | SOLE |  | 3533 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 1016 | 5491 | SH |  | SOLE |  | 5491 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 383 | 1826 | SH |  | SOLE |  | 1826 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 233 | 3938 | SH |  | SOLE |  | 3938 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 1399 | 26038 | SH |  | SOLE |  | 26038 | 0 | 0 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 |  | 534 | 3690 | SH |  | SOLE |  | 3690 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 500 | 4274 | SH |  | SOLE |  | 4274 | 0 | 0 |
| ISHARES TR | U.S. CNSM GD ETF | 464287812 |  | 205 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 310 | 1902 | SH |  | SOLE |  | 1902 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 807 | 553 | SH |  | SOLE |  | 553 | 0 | 0 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 427 | 3187 | SH |  | SOLE |  | 3187 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2709 | 25905 | SH |  | SOLE |  | 25905 | 0 | 0 |
| ISHARES TR | MICRO-CAP ETF | 464288869 |  | 211 | 2321 | SH |  | SOLE |  | 2321 | 0 | 0 |
| VANECK VECTORS ETF TR | HIGH YLD MUN ETF | 92189H409 |  | 379 | 6339 | SH |  | SOLE |  | 6339 | 0 | 0 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 718 | 4312 | SH |  | SOLE |  | 4312 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 421 | 4387 | SH |  | SOLE |  | 4387 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 14509 | 112841 | SH |  | SOLE |  | 112841 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 404 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2723 | 18337 | SH |  | SOLE |  | 18337 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 207 | 1225 | SH |  | SOLE |  | 1225 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2857 | 10268 | SH |  | SOLE |  | 10268 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 247 | 968 | SH |  | SOLE |  | 968 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 833 | 10806 | SH |  | SOLE |  | 10806 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 1629 | 5498 | SH |  | SOLE |  | 5498 | 0 | 0 |

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