First Affirmative Financial Network
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), First Affirmative Financial Network reported 269 stock positions worth $173.3 million. Its top holding was Vanguard Intermediate-Term T (VGIT) at 5.4% of the portfolio, followed by iShares ESG MSCI KLD 400 ETF (DSI, 4.0%) and Apple (AAPL, 3.9%). Compared with Q3 2024, it opened 15 new positions, sold out of 30, added to 129 and reduced 123. The biggest buy was a new position in Ea Series Trust and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q1 2026
- Location
- COLORADO SPRINGS, CO
- CIK
- 0001656282
- Portfolio Value
- $173.3M (Q4 2024)
- SEC Filing
- 0001656282-25-000001 ↗ filed Jan 23, 2025
Holdings Value
Holdings 269 stocks · $173.3M
| VGIT Vanguard Intermediate-Term T | 5.35% | 159,963 | $9.3M | Add +1.8% |
| DSI iShares ESG MSCI KLD 400 ETF | 4.01% | 63,064 | $7.0M | Reduce -9.1% |
| AAPL Apple Inc. | 3.94% | 27,249 | $6.8M | Reduce -0.0% |
| SPTS SS SPDR P St Term TSY ETF | 3.55% | 212,110 | $6.2M | Add +2.9% |
| NVDA Nvidia Corp. | 3.46% | 44,637 | $6.0M | Reduce -3.0% |
| MSFT Microsoft Corp. | 3.37% | 13,872 | $5.8M | Add +6.3% |
| GOOGL Alphabet Inc. Class A | 2.01% | 18,405 | $3.5M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 1.73% | 13,683 | $3.0M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 1.42% | 12,962 | $2.5M | Reduce -2.6% |
| MA Mastercard Inc. Class A | 1.32% | 4,345 | $2.3M | Add +13.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.25% | 10,927 | $2.2M | Add +9.2% |
| CGW Invesco S&P Global Water Ind | 1.12% | 35,713 | $1.9M | Reduce -5.9% |
| SYK Stryker Corp. | 1.03% | 4,976 | $1.8M | Reduce -0.8% |
| V Visa Inc. Class A | 1.03% | 5,635 | $1.8M | Reduce -24.3% |
| SAP Sap SE-Sponsored ADR | 0.98% | 6,876 | $1.7M | Add +6.0% |
| META Meta Platforms Inc. Class A | 0.95% | 2,821 | $1.7M | Reduce -5.0% |
| PG The Procter & Gamble Co. | 0.95% | 9,833 | $1.6M | Add +16.6% |
| TBX Proshares Short 7-10 YR TSY | 0.95% | 56,445 | $1.6M | Add +3.7% |
| EMNT PIMCO Enhcd St M-Active ESG | 0.89% | 15,692 | $1.5M | Reduce -1.4% |
| TSLA Tesla Inc. | 0.85% | 3,631 | $1.5M | Reduce -7.5% |
| ADP Automatic Data Processing | 0.84% | 4,996 | $1.5M | Reduce -1.7% |
| ICLN iShares Global Clean Energy | 0.73% | 111,209 | $1.3M | Reduce -0.8% |
| DHR Danaher Corp. | 0.72% | 5,451 | $1.3M | Add +1.8% |
| CSCO Cisco Systems Inc. | 0.72% | 20,970 | $1.2M | Add +6.4% |
| AVGO Broadcom Inc. | 0.71% | 5,288 | $1.2M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.71% | 1,584 | $1.2M | Add +5.5% |
| AMAT Applied Materials Inc. | 0.70% | 7,496 | $1.2M | Add +7.1% |
| NFLX Netflix Inc. | 0.69% | 1,337 | $1.2M | Add +3.1% |
| AXP American Express Co. | 0.69% | 4,015 | $1.2M | Add +0.7% |
| CHT Chunghwa Telecom LT-Spon ADR | 0.68% | 31,156 | $1.2M | Add +2.1% |
| LIN Linde PLC | 0.63% | 2,615 | $1.1M | Add +5.4% |
| JNJ Johnson & Johnson | 0.63% | 7,543 | $1.1M | Add +3.1% |
| TMO Thermo Fisher Scientific Inc. | 0.61% | 2,044 | $1.1M | Reduce -0.2% |
| UL Unilever PLC | 0.61% | 18,555 | $1.1M | Add +4.4% |
| CRM Salesforce Inc. | 0.57% | 2,933 | $980K | Add +4.8% |
| PEP Pepsico Inc. | 0.56% | 6,418 | $976K | Add +0.5% |
| HD Home Depot Inc. | 0.56% | 2,506 | $975K | Add +5.9% |
| TMUS T-Mobile US Inc. | 0.56% | 4,381 | $967K | Add +2.5% |
| ABBV Abbvie Inc. | 0.53% | 5,166 | $918K | Add +8.3% |
| AMGN Amgen Inc. | 0.52% | 3,467 | $904K | Add +9.2% |
| EQIX Equinix Inc. | 0.51% | 936 | $882K | Add +6.7% |
| NOW ServiceNow Inc. | 0.50% | 824 | $873K | Reduce -7.9% |
| ADBE Adobe Inc. | 0.50% | 1,951 | $867K | Reduce -5.8% |
| CMCSA Comcast Corp. Class A | 0.49% | 22,606 | $848K | Add +5.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.49% | 1,214 | $841K | Add +5.8% |
| NVS Novartis AG-Sponsored ADR | 0.48% | 8,611 | $838K | Add +11.6% |
| SUB iShares Short-Term National | 0.48% | 7,924 | $836K | Reduce -3.8% |
| ORCL Oracle Corp. | 0.48% | 4,950 | $825K | Add +0.8% |
| UNH Unitedhealth Group Inc. | 0.47% | 1,603 | $811K | Reduce -2.3% |
| CB Chubb Ltd. | 0.46% | 2,887 | $798K | Reduce -2.5% |
| PVI Invesco Floating Rate Munici | 0.45% | 31,427 | $777K | Reduce -3.3% |
| LOW Lowe's Cos Inc. | 0.45% | 3,134 | $773K | Reduce -16.8% |
| ITW Illinois Tool Works | 0.44% | 3,014 | $764K | Reduce -3.7% |
| ACN Accenture PLC Class A | 0.43% | 2,110 | $742K | Reduce -6.4% |
| COST Costco Wholesale Corp. | 0.43% | 808 | $741K | Add +11.9% |
| ADI Analog Devices Inc. | 0.42% | 3,436 | $730K | Reduce -4.0% |
| MRK Merck & Co. Inc. | 0.42% | 7,309 | $727K | Add +9.4% |
| SPGI S&P Global Inc. | 0.41% | 1,441 | $718K | Reduce -2.6% |
| INTU Intuit Inc. | 0.41% | 1,129 | $710K | Reduce -7.5% |
| EA SERIES TRUST | 0.41% | 28,868 | $705K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 3,123 | $687K | Add +1.5% |
| JPM JPMorgan Chase & Co. | 0.39% | 2,801 | $671K | Reduce -56.1% |
| SHM SS SPDR N Ice St Muni ETF | 0.38% | 13,945 | $661K | Reduce -3.7% |
| WMT Walmart Inc. | 0.38% | 7,244 | $655K | Reduce -23.6% |
| PANW Palo Alto Networks Inc. | 0.37% | 3,527 | $642K | Reduce -3.8% |
| KMB Kimberly-Clark Corp. | 0.36% | 4,815 | $631K | Add +6.1% |
| BKNG Booking Holdings Inc. | 0.36% | 125 | $623K | Reduce -16.1% |
| TT Trane Technologies PLC | 0.36% | 1,672 | $618K | Reduce -6.6% |
| AWK American Water Works Co. Inc. | 0.35% | 4,892 | $609K | Reduce -2.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.35% | 9,293 | $609K | Add +22.0% |
| TAXF American Century Diver Muni | 0.34% | 11,829 | $593K | Reduce -3.3% |
| PGR Progressive Corp. | 0.34% | 2,473 | $593K | Add +10.3% |
| CTAS Cintas Corp. | 0.34% | 3,225 | $589K | Reduce -1.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.33% | 544 | $573K | Reduce -7.0% |
| CNI Canadian Natl Railway Co. | 0.33% | 5,598 | $568K | Add +11.7% |
| ECL Ecolab Inc. | 0.33% | 2,422 | $567K | Reduce -12.2% |
| CP Canadian Pacific Kansas City | 0.32% | 7,752 | $561K | Add +9.4% |
| TXN Texas Instruments Inc. | 0.32% | 2,984 | $560K | Add +4.4% |
| TM Toyota Motor Corp. -Spon ADR | 0.31% | 2,761 | $537K | Reduce -0.7% |
| ADSK Autodesk Inc. | 0.31% | 1,806 | $534K | Reduce -3.6% |
| AMT American Tower Corp. | 0.31% | 2,908 | $533K | Add +2.7% |
| QCOM Qualcomm Inc. | 0.30% | 3,435 | $528K | Add +20.1% |
| WAB Wabtec Corp. | 0.30% | 2,779 | $527K | Reduce -2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 4,355 | $526K | Add +6.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 11,724 | $515K | Add +1.1% |
| ISRG Intuitive Surgical Inc. | 0.30% | 986 | $515K | Reduce -3.0% |
| TU Telus Corp. | 0.30% | 37,826 | $513K | Add +14.1% |
| CME Cme Group Inc. | 0.29% | 2,141 | $497K | Add +2.3% |
| KO The Coca-Cola Co. | 0.29% | 7,954 | $495K | Add +13.2% |
| AMD Advanced Micro Devices | 0.28% | 4,070 | $492K | Add +4.9% |
| CDNS Cadence Design SYS Inc. | 0.28% | 1,628 | $489K | Reduce -1.1% |
| O Realty Income Corp. | 0.28% | 9,142 | $488K | Reduce -3.6% |
| TELFY Telefonica SA-Spon ADR | 0.28% | 119,921 | $482K | Add +18.2% |
| ABT Abbott Laboratories | 0.28% | 4,243 | $480K | Add +0.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.27% | 6,247 | $476K | Add +4.0% |
| IBMO iShares Ibonds Dec 2026 Term | 0.27% | 18,656 | $475K | Reduce -2.8% |
| LRCX Lam Research Corp. | 0.27% | 6,503 | $470K | Add +5.6% |
| MUB iShares National Muni Bond E | 0.27% | 4,393 | $468K | Add +5.2% |
| TD Toronto-Dominion Bank | 0.26% | 8,567 | $456K | Reduce -7.9% |
| ARCC Ares Capital Corp. | 0.26% | 20,615 | $451K | Add +46.5% |
Portfolio Sells Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.61 |
| BBEU JPMorgan Betabuilders Europe | Sold out | 0.00% | −0.60 |
| JPM JPMorgan Chase & Co. | Reduce -56.1% | 0.39% | −0.35 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.34 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.26 |
| ORANY Orange-Spon ADR | Sold out | 0.00% | −0.25 |
| ICLN iShares Global Clean Energy | Reduce -0.8% | 0.73% | −0.17 |
| BCE Bce Inc. | Sold out | 0.00% | −0.16 |
| CGW Invesco S&P Global Water Ind | Reduce -5.9% | 1.12% | −0.15 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.15 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.14 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.14 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.14 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.13 |
| GSK GSK PLC-Spon ADR | Sold out | 0.00% | −0.13 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.13 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.13 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.12 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -9.1% | 4.01% | −0.12 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.12 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.12 |
| REYN Reynolds Consumer Products I | Sold out | 0.00% | −0.12 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.12 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.12 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −0.12 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.12 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.11 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.11 |
| SHG Shinhan Financial Group-ADR | Sold out | 0.00% | −0.11 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.11 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -16.8% | 0.45% | −0.11 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.11 |
| PLD Prologis Inc. | Reduce -24.0% | 0.20% | −0.10 |
| V Visa Inc. Class A | Reduce -24.3% | 1.03% | −0.09 |
| ADBE Adobe Inc. | Reduce -5.8% | 0.50% | −0.09 |
| ELV Elevance Health Inc. | Reduce -14.5% | 0.15% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.2% | 0.61% | −0.08 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.07 |
| TD Toronto-Dominion Bank | Reduce -7.9% | 0.26% | −0.06 |
| ECL Ecolab Inc. | Reduce -12.2% | 0.33% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -2.3% | 0.47% | −0.06 |
| AMCR Amcor PLC | Reduce -18.8% | 0.13% | −0.05 |
| AWK American Water Works Co. Inc. | Reduce -2.7% | 0.35% | −0.05 |
| O Realty Income Corp. | Reduce -3.6% | 0.28% | −0.05 |
| MDT Medtronic PLC | Reduce -10.2% | 0.24% | −0.05 |
| RY Royal Bank of Canada | Reduce -25.6% | 0.14% | −0.05 |
| TGT Target Corp. | Reduce -10.3% | 0.21% | −0.05 |
| SBUX Starbucks Corp. | Reduce -13.6% | 0.26% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -20.7% | 0.22% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| EA SERIES TRUST | New | 0.41% | +0.41 |
| MSFT Microsoft Corp. | Add +6.3% | 3.37% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.2% | 1.25% | +0.29 |
| MA Mastercard Inc. Class A | Add +13.7% | 1.32% | +0.29 |
| SPTS SS SPDR P St Term TSY ETF | Add +2.9% | 3.55% | +0.23 |
| AVGO Broadcom Inc. | Add +1.2% | 0.71% | +0.21 |
| NFLX Netflix Inc. | Add +3.1% | 0.69% | +0.18 |
| SAP Sap SE-Sponsored ADR | Add +6.0% | 0.98% | +0.16 |
| VGIT Vanguard Intermediate-Term T | Add +1.8% | 5.35% | +0.16 |
| PG The Procter & Gamble Co. | Add +16.6% | 0.95% | +0.15 |
| CRM Salesforce Inc. | Add +4.8% | 0.57% | +0.15 |
| CSCO Cisco Systems Inc. | Add +6.4% | 0.72% | +0.14 |
| DECK Deckers Outdoor Corp. | New | 0.14% | +0.14 |
| EMR Emerson Electric Co. | New | 0.13% | +0.13 |
| MCO Moody's Corp. | New | 0.13% | +0.13 |
| CLS Celestica Inc. | New | 0.12% | +0.12 |
| IBKR Interactive Brokers Gro Class A | New | 0.12% | +0.12 |
| MRVL Marvell Technology Inc. | New | 0.12% | +0.12 |
| ANSS Ansys Inc. | New | 0.12% | +0.12 |
| TBX Proshares Short 7-10 YR TSY | Add +3.7% | 0.95% | +0.11 |
| ARCC Ares Capital Corp. | Add +46.5% | 0.26% | +0.10 |
| AXP American Express Co. | Add +0.7% | 0.69% | +0.10 |
| HRZN Horizon Technology Finance C | New | 0.08% | +0.08 |
| EQIX Equinix Inc. | Add +6.7% | 0.51% | +0.08 |
| COST Costco Wholesale Corp. | Add +11.9% | 0.43% | +0.08 |
| TMUS T-Mobile US Inc. | Add +2.5% | 0.56% | +0.08 |
| ANET Arista Networks Inc. | Add +21.1% | 0.21% | +0.07 |
| DE Deere & Co. | Add +20.0% | 0.23% | +0.05 |
| RELX Relx PLC - Spon ADR | Add +26.3% | 0.22% | +0.05 |
| T AT&T Inc. | Add +15.9% | 0.22% | +0.05 |
| BAC Bank of America Corp. | Add +1.1% | 0.30% | +0.05 |
| PUK Prudential PLC-ADR | Add +54.5% | 0.15% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +4.2% | 0.16% | +0.04 |
| TJX TJX Companies Inc. | Add +6.2% | 0.30% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +10.8% | 0.18% | +0.04 |
| MSI Motorola Solutions Inc. | Add +18.8% | 0.17% | +0.04 |
| QCOM Qualcomm Inc. | Add +20.1% | 0.30% | +0.04 |
| HD Home Depot Inc. | Add +5.9% | 0.56% | +0.04 |
| ELP Companhia Paranaense DE Ener | New | 0.04% | +0.04 |
| CME Cme Group Inc. | Add +2.3% | 0.29% | +0.03 |
| TAK Takeda Pharmaceutic-SP ADR | Add +29.9% | 0.16% | +0.03 |
| PGR Progressive Corp. | Add +10.3% | 0.34% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | Add +12.1% | 0.14% | +0.03 |
| ERIC Ericsson (lm) Tel-SP ADR | Add +4.7% | 0.19% | +0.03 |
| BEKE Ke Holdings Inc.-ADR | Add +24.8% | 0.15% | +0.03 |
| HDB HDFC Bank Ltd.-ADR | Add +12.9% | 0.15% | +0.03 |
| AZN Astrazeneca PLC-Spons ADR | Add +22.0% | 0.35% | +0.03 |
| UMC United Microelectron-SP ADR | Add +74.7% | 0.09% | +0.03 |
| MFG Mizuho Financial Group-ADR | Add +2.5% | 0.12% | +0.03 |
| WELL Welltower Inc. | Add +15.2% | 0.15% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026Amended | 325 | $257.7M | SHE, NVDA, SPTS, AAPL, VGIT |
| Q3 2025 | 296 | $212.5M | SHE, SPTS, NVDA, AAPL, MSFT |
| Q2 2025 | 279 | $194.5M | VGIT, JSTC, NVDA, SPTS, MSFT |
| Q1 2025 | 269 | $163.2M | VGIT, SPTS, AAPL, NVDA, MSFT |
| Q4 2024 | 269 | $173.3M | VGIT, DSI, AAPL, SPTS, NVDA |
| Q3 2024 | 284 | $182.7M | VGIT, DSI, AAPL, SPTS, MSFT |
| Q2 2024 | 261 | $144.1M | VGIT, SPTS, NVDA, AAPL, DSI |
| Q1 2024 | 254 | $135.7M | VGIT, SPTS, DSI, NVDA, AAPL |