# EDGAR Filing Document

**Accession Number:** 0001958397
**File Stem:** 0001172661-23-000006
**Filing Date:** 2023-1
**Character Count:** 14262
**Document Hash:** ede3f3af9174018c4ec2f283d43dbd24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000006.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0001172661-23-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20220630

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**EFFECTIVENESS DATE**: 20230103

**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:** 23500492

**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:** 06-30-2022

**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  01-03-2023<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:** 111

**Form 13F Information Table Value Total:** $165053

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 229 | 2107 | SH |  | SOLE |  | 2107 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 643 | 4196 | SH |  | SOLE |  | 4196 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1798 | 825 | SH |  | SOLE |  | 825 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 777 | 18592 | SH |  | SOLE |  | 18592 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1271 | 11964 | SH |  | SOLE |  | 11964 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 271 | 2820 | SH |  | SOLE |  | 2820 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 262 | 1077 | SH |  | SOLE |  | 1077 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5382 | 39364 | SH |  | SOLE |  | 39364 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 564 | 26932 | SH |  | SOLE |  | 26932 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1213 | 4441 | SH |  | SOLE |  | 4441 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 256 | 8234 | SH |  | SOLE |  | 8234 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 463 | 761 | SH |  | SOLE |  | 761 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 315 | 3455 | SH |  | SOLE |  | 3455 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 281 | 2054 | SH |  | SOLE |  | 2054 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 561 | 3137 | SH |  | SOLE |  | 3137 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 771 | 5327 | SH |  | SOLE |  | 5327 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 227 | 861 | SH |  | SOLE |  | 861 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 237 | 5160 | SH |  | SOLE |  | 5160 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 639 | 10152 | SH |  | SOLE |  | 10152 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 228 | 2396 | SH |  | SOLE |  | 2396 | 0 | 0 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 737 | 4377 | SH |  | SOLE |  | 4377 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 474 | 5022 | SH |  | SOLE |  | 5022 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 515 | 4806 | SH |  | SOLE |  | 4806 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 335 | 7925 | SH |  | SOLE |  | 7925 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1547 | 18070 | SH |  | SOLE |  | 18070 | 0 | 0 |
| FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 33739N108 |  | 203 | 4020 | SH |  | SOLE |  | 4020 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SENIOR LN FD | 33738D309 |  | 394 | 8925 | SH |  | SOLE |  | 8925 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | FIRST TR ENH NEW | 33739Q408 |  | 2207 | 37161 | SH |  | SOLE |  | 37161 | 0 | 0 |
| FLEXSHARES TR | QUALT DIVD IDX | 33939L860 |  | 381 | 7515 | SH |  | SOLE |  | 7515 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 163 | 14679 | SH |  | SOLE |  | 14679 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 340 | 1537 | SH |  | SOLE |  | 1537 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 600 | 16047 | SH |  | SOLE |  | 16047 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NATL AMT MUNI | 46138E537 |  | 591 | 25200 | SH |  | SOLE |  | 25200 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S MIDCP LOW | 46138E198 |  | 364 | 7086 | SH |  | SOLE |  | 7086 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 1358 | 21902 | SH |  | SOLE |  | 21902 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2970 | 10595 | SH |  | SOLE |  | 10595 | 0 | 0 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 343 | 6020 | SH |  | SOLE |  | 6020 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 276 | 1219 | SH |  | SOLE |  | 1219 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 278 | 3008 | SH |  | SOLE |  | 3008 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 10107 | 26656 | SH |  | SOLE |  | 26656 | 0 | 0 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 2445 | 48473 | SH |  | SOLE |  | 48473 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 8214 | 72107 | SH |  | SOLE |  | 72107 | 0 | 0 |
| ISHARES TR | US CONSM STAPLES | 464287812 |  | 296 | 1520 | SH |  | SOLE |  | 1520 | 0 | 0 |
| ISHARES TR | MICRO-CAP ETF | 464288869 |  | 233 | 2242 | SH |  | SOLE |  | 2242 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 806 | 7576 | SH |  | SOLE |  | 7576 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 612 | 2275 | SH |  | SOLE |  | 2275 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 598 | 5955 | SH |  | SOLE |  | 5955 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 983 | 19625 | SH |  | SOLE |  | 19625 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4179 | 23541 | SH |  | SOLE |  | 23541 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 656 | 5827 | SH |  | SOLE |  | 5827 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 837 | 1946 | SH |  | SOLE |  | 1946 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 150 | 13718 | SH |  | SOLE |  | 13718 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 574 | 2326 | SH |  | SOLE |  | 2326 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3594 | 13994 | SH |  | SOLE |  | 13994 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 280 | 2457 | SH |  | SOLE |  | 2457 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 293 | 1760 | SH |  | SOLE |  | 1760 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 362 | 6912 | SH |  | SOLE |  | 6912 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 311 | 3147 | SH |  | SOLE |  | 3147 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3903 | 27143 | SH |  | SOLE |  | 27143 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 237 | 2466 | SH |  | SOLE |  | 2466 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1224 | 27693 | SH |  | SOLE |  | 27693 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 239 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 907 | 12666 | SH |  | SOLE |  | 12666 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 383 | 8565 | SH |  | SOLE |  | 8565 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 393 | 10069 | SH |  | SOLE |  | 10069 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 623 | 9974 | SH |  | SOLE |  | 9974 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 410 | 7068 | SH |  | SOLE |  | 7068 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 209 | 1523 | SH |  | SOLE |  | 1523 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 625 | 8663 | SH |  | SOLE |  | 8663 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 462 | 3632 | SH |  | SOLE |  | 3632 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 256 | 3587 | SH |  | SOLE |  | 3587 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1250 | 4062 | SH |  | SOLE |  | 4062 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 239 | 1417 | SH |  | SOLE |  | 1417 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 214 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 517 | 2833 | SH |  | SOLE |  | 2833 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 255 | 496 | SH |  | SOLE |  | 496 | 0 | 0 |
| VANECK ETF TRUST | VANECK SHRT MUNI | 92189F528 |  | 171 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 261 | 4854 | SH |  | SOLE |  | 4854 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 210 | 2785 | SH |  | SOLE |  | 2785 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 204 | 1364 | SH |  | SOLE |  | 1364 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 8621 | 38677 | SH |  | SOLE |  | 38677 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 2424 | 12850 | SH |  | SOLE |  | 12850 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 6119 | 31064 | SH |  | SOLE |  | 31064 | 0 | 0 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 245 | 1243 | SH |  | SOLE |  | 1243 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 6070 | 34469 | SH |  | SOLE |  | 34469 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 6392 | 48471 | SH |  | SOLE |  | 48471 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 222 | 2442 | SH |  | SOLE |  | 2442 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 827 | 9687 | SH |  | SOLE |  | 9687 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 254 | 5075 | SH |  | SOLE |  | 5075 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1297 | 16207 | SH |  | SOLE |  | 16207 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 5906 | 77441 | SH |  | SOLE |  | 77441 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 235 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 18429 | 128449 | SH |  | SOLE |  | 128449 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 635 | 6248 | SH |  | SOLE |  | 6248 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 2890 | 30049 | SH |  | SOLE |  | 30049 | 0 | 0 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 5137 | 38971 | SH |  | SOLE |  | 38971 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 893 | 4913 | SH |  | SOLE |  | 4913 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 1468 | 4497 | SH |  | SOLE |  | 4497 | 0 | 0 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 1110 | 7283 | SH |  | SOLE |  | 7283 | 0 | 0 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 3977 | 16889 | SH |  | SOLE |  | 16889 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 1783 | 17924 | SH |  | SOLE |  | 17924 | 0 | 0 |
| VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 |  | 688 | 4215 | SH |  | SOLE |  | 4215 | 0 | 0 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 901 | 5625 | SH |  | SOLE |  | 5625 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 |  | 845 | 3716 | SH |  | SOLE |  | 3716 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 1554 | 8386 | SH |  | SOLE |  | 8386 | 0 | 0 |
| VANGUARD WORLD FDS | FINANCIALS ETF | 92204A405 |  | 1874 | 24281 | SH |  | SOLE |  | 24281 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1461 | 28784 | SH |  | SOLE |  | 28784 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1438 | 7306 | SH |  | SOLE |  | 7306 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1009 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 925 | 11239 | SH |  | SOLE |  | 11239 | 0 | 0 |
| WISDOMTREE TR | US SMALLCAP DIVD | 97717W604 |  | 238 | 8420 | SH |  | SOLE |  | 8420 | 0 | 0 |

---