First Affirmative Financial Network
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 20, 2025), First Affirmative Financial Network reported 279 stock positions worth $194.5 million. Its top holding was Vanguard Intermediate-Term T (VGIT) at 5.1% of the portfolio, followed by Adasina Social Justice GLB (JSTC, 4.2%) and Nvidia (NVDA, 3.6%). Compared with Q1 2025, it opened 32 new positions, sold out of 22, added to 127 and reduced 119. The biggest buy was a new position in Adasina Social Justice GLB (JSTC) and the biggest sale an exit from Ea Series Trust.
- Most Recent 13F
- Q1 2026
- Location
- COLORADO SPRINGS, CO
- CIK
- 0001656282
- Portfolio Value
- $194.5M (Q2 2025)
- SEC Filing
- 0001656282-25-000007 ↗ filed Nov 20, 2025
Holdings Value
Holdings 279 stocks · $194.5M
| VGIT Vanguard Intermediate-Term T | 5.12% | 166,466 | $10.0M | Add +2.0% |
| JSTC Adasina Social Justice GLB | 4.17% | 410,336 | $8.1M | New |
| NVDA Nvidia Corp. | 3.56% | 43,893 | $6.9M | Add +0.1% |
| SPTS SS SPDR P St Term TSY ETF | 3.43% | 227,887 | $6.7M | Add +2.9% |
| MSFT Microsoft Corp. | 3.28% | 12,845 | $6.4M | Add +1.8% |
| AAPL Apple Inc. | 2.95% | 27,986 | $5.7M | Add +6.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 2.56% | 42,849 | $5.0M | Add +5.8% |
| GOOGL Alphabet Inc. Class A | 1.67% | 18,414 | $3.2M | Add +2.0% |
| AMZN Amazon.com Inc. | 1.49% | 13,251 | $2.9M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 1.36% | 4,704 | $2.6M | Add +2.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.30% | 11,140 | $2.5M | Add +6.3% |
| GOOG Alphabet Inc. Class C | 1.19% | 13,047 | $2.3M | Reduce -0.9% |
| CGW Invesco S&P Global Water Ind | 1.14% | 35,346 | $2.2M | Reduce -2.5% |
| EMNT PIMCO Enhcd St M-Active ESG | 1.11% | 21,836 | $2.2M | Add +61.3% |
| SAP Sap SE-Sponsored ADR | 1.07% | 6,852 | $2.1M | Reduce -1.8% |
| CPLB Nylim Mackay Core Plus Bond filed as NEW YORK LIFE INVTS ACTIVE E | 1.07% | 97,428 | $2.1M | New |
| V Visa Inc. Class A | 1.04% | 5,701 | $2.0M | Add +1.5% |
| NFLX Netflix Inc. | 1.02% | 1,484 | $2.0M | Add +10.4% |
| PG The Procter & Gamble Co. | 0.98% | 11,955 | $1.9M | Add +13.9% |
| CSCO Cisco Systems Inc. | 0.94% | 26,408 | $1.8M | Add +12.3% |
| META Meta Platforms Inc. Class A | 0.89% | 2,336 | $1.7M | Reduce -8.8% |
| AVGO Broadcom Inc. | 0.86% | 6,051 | $1.7M | Add +8.1% |
| ICLN iShares Global Clean Energy | 0.80% | 118,790 | $1.6M | Add +0.0% |
| CHT Chunghwa Telecom LT-Spon ADR | 0.78% | 32,556 | $1.5M | Add +1.4% |
| AXP American Express Co. | 0.77% | 4,671 | $1.5M | Add +10.1% |
| AMAT Applied Materials Inc. | 0.72% | 7,672 | $1.4M | Reduce -0.5% |
| TBX Proshares Short 7-10 YR TSY | 0.71% | 49,029 | $1.4M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.67% | 1,681 | $1.3M | Add +2.6% |
| SYK Stryker Corp. | 0.64% | 3,142 | $1.2M | Reduce -1.1% |
| ORCL Oracle Corp. | 0.64% | 5,660 | $1.2M | Add +10.5% |
| NVS Novartis AG-Sponsored ADR | 0.63% | 10,164 | $1.2M | Add +12.2% |
| ADP Automatic Data Processing | 0.62% | 3,940 | $1.2M | Reduce -2.0% |
| CHGX Stance Sustainable Beta ETF | 0.61% | 45,572 | $1.2M | New |
| JNJ Johnson & Johnson | 0.61% | 7,758 | $1.2M | Add +4.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.54% | 1,319 | $1.1M | Add +2.0% |
| UL Unilever PLC | 0.54% | 17,283 | $1.1M | Reduce -1.9% |
| BGRN iShares Usd Green Bond ETF | 0.49% | 19,875 | $947K | New |
| ABBV Abbvie Inc. | 0.47% | 4,935 | $916K | Add +4.0% |
| LIN Linde PLC | 0.47% | 1,928 | $905K | Add +12.1% |
| HD Home Depot Inc. | 0.46% | 2,463 | $903K | Reduce -1.2% |
| NOW ServiceNow Inc. | 0.46% | 877 | $902K | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 3,036 | $895K | Add +4.2% |
| TSLA Tesla Inc. | 0.45% | 2,752 | $874K | Reduce -10.9% |
| TELFY Telefonica SA-Spon ADR | 0.43% | 161,105 | $843K | Add +9.2% |
| OWNS CCM Affordable Hous MBS ETF | 0.43% | 48,952 | $839K | New |
| SUB iShares Short-Term National | 0.43% | 7,884 | $838K | Reduce -5.0% |
| DHR Danaher Corp. | 0.42% | 4,158 | $821K | Add +1.7% |
| INTU Intuit Inc. | 0.42% | 1,035 | $815K | Add +3.3% |
| COST Costco Wholesale Corp. | 0.41% | 813 | $805K | Add +1.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 11,504 | $804K | Add +18.1% |
| CRM Salesforce Inc. | 0.41% | 2,935 | $800K | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 0.41% | 1,967 | $798K | Reduce -2.5% |
| CMCSA Comcast Corp. Class A | 0.40% | 22,048 | $787K | Reduce -2.8% |
| CB Chubb Ltd. | 0.40% | 2,655 | $769K | Reduce -2.2% |
| PVI Invesco Floating Rate Munici | 0.39% | 30,948 | $767K | Reduce -5.3% |
| SPGI S&P Global Inc. | 0.39% | 1,439 | $759K | Reduce -0.6% |
| AWK American Water Works Co. Inc. | 0.39% | 5,444 | $757K | Add +10.8% |
| JPM JPMorgan Chase & Co. | 0.38% | 2,570 | $745K | Reduce -3.9% |
| KO The Coca-Cola Co. | 0.38% | 10,495 | $743K | Add +17.2% |
| ADBE Adobe Inc. | 0.38% | 1,902 | $736K | Reduce -5.7% |
| PANW Palo Alto Networks Inc. | 0.37% | 3,557 | $728K | Add +2.2% |
| WMT Walmart Inc. | 0.37% | 7,440 | $727K | Add +0.1% |
| EQIX Equinix Inc. | 0.37% | 906 | $721K | Add +3.9% |
| AMD Advanced Micro Devices | 0.36% | 4,986 | $708K | Add +3.7% |
| ITW Illinois Tool Works | 0.35% | 2,767 | $684K | Reduce -4.6% |
| TAXF American Century Diver Muni | 0.35% | 13,904 | $680K | Reduce -0.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.34% | 13,912 | $665K | Reduce -4.1% |
| TMUS T-Mobile US Inc. | 0.34% | 2,780 | $662K | Reduce -5.1% |
| CTAS Cintas Corp. | 0.34% | 2,966 | $661K | Reduce -4.5% |
| ADI Analog Devices Inc. | 0.34% | 2,754 | $656K | Reduce -1.7% |
| WAB Wabtec Corp. | 0.34% | 3,113 | $652K | Add +9.5% |
| BKNG Booking Holdings Inc. | 0.33% | 112 | $647K | Reduce -8.2% |
| PGR Progressive Corp. | 0.33% | 2,394 | $639K | Add +5.7% |
| TT Trane Technologies PLC | 0.33% | 1,458 | $638K | Reduce -4.4% |
| MRK Merck & Co. Inc. | 0.33% | 7,996 | $633K | Add +9.4% |
| ISRG Intuitive Surgical Inc. | 0.32% | 1,161 | $631K | Add +6.4% |
| TU Telus Corp. | 0.32% | 39,178 | $629K | Reduce -4.6% |
| LRCX Lam Research Corp. | 0.32% | 6,460 | $629K | Add +2.1% |
| PEP Pepsico Inc. | 0.32% | 4,759 | $628K | Add +9.2% |
| QCOM Qualcomm Inc. | 0.32% | 3,874 | $617K | Add +16.3% |
| TXN Texas Instruments Inc. | 0.31% | 2,944 | $611K | Add +4.1% |
| PUK Prudential PLC-ADR | 0.31% | 24,163 | $605K | Add +13.2% |
| KMB Kimberly-Clark Corp. | 0.31% | 4,667 | $602K | Reduce -3.8% |
| ECL Ecolab Inc. | 0.31% | 2,230 | $601K | Reduce -3.8% |
| CP Canadian Pacific Kansas City | 0.31% | 7,573 | $600K | Reduce -2.1% |
| ABT Abbott Laboratories | 0.31% | 4,369 | $594K | Add +8.0% |
| AMT American Tower Corp. | 0.30% | 2,681 | $593K | Reduce -2.2% |
| AMGN Amgen Inc. | 0.29% | 2,029 | $567K | Reduce -1.9% |
| TM Toyota Motor Corp. -Spon ADR | 0.29% | 3,273 | $564K | Add +12.9% |
| O Realty Income Corp. | 0.29% | 9,711 | $559K | Reduce -5.5% |
| TAK Takeda Pharmaceutic-SP ADR | 0.28% | 35,827 | $554K | Add +28.6% |
| LOW Lowe's Cos Inc. | 0.28% | 2,474 | $549K | Reduce -1.7% |
| CME Cme Group Inc. | 0.28% | 1,986 | $547K | Reduce -5.7% |
| CNI Canadian Natl Railway Co. | 0.28% | 5,227 | $544K | Reduce -11.9% |
| CDNS Cadence Design SYS Inc. | 0.28% | 1,762 | $543K | Add +2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 11,455 | $542K | Reduce -3.3% |
| SCHO Schwab Short-Term US Treas | 0.27% | 21,836 | $532K | New |
| ACN Accenture PLC Class A | 0.27% | 1,765 | $527K | Reduce -17.4% |
| ADSK Autodesk Inc. | 0.27% | 1,702 | $527K | Reduce -1.7% |
| ARCC Ares Capital Corp. | 0.27% | 23,967 | $526K | Add +13.7% |
Portfolio Sells Q1 2025 → Q2 2025
| EA SERIES TRUST | Sold out | 0.00% | −0.42 |
| DFSU Dimensional US Sus CORE1 ETF | Sold out | 0.00% | −0.34 |
| IBMN iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.25 |
| INVESTMENT MANAGERS SER TR I | Sold out | 0.00% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -1.7% | 0.23% | −0.24 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.5% | 0.41% | −0.21 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.15 |
| NYF iShares New York Muni Bond E | Sold out | 0.00% | −0.14 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.14 |
| TMUS T-Mobile US Inc. | Reduce -5.1% | 0.34% | −0.14 |
| HPQ HP Inc. | Sold out | 0.00% | −0.14 |
| TBX Proshares Short 7-10 YR TSY | Reduce -0.2% | 0.71% | −0.14 |
| ACN Accenture PLC Class A | Reduce -17.4% | 0.27% | −0.14 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.13 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.13 |
| DFSI Dimensional Int Sus COR1 ETF | Sold out | 0.00% | −0.13 |
| RYN Rayonier Inc. | Sold out | 0.00% | −0.13 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.13 |
| ADP Automatic Data Processing | Reduce -2.0% | 0.62% | −0.13 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.13 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.13 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.13 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.13 |
| AIG American International Group | Sold out | 0.00% | −0.12 |
| KMB Kimberly-Clark Corp. | Reduce -3.8% | 0.31% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -2.8% | 0.40% | −0.11 |
| CB Chubb Ltd. | Reduce -2.2% | 0.40% | −0.11 |
| SUB iShares Short-Term National | Reduce -5.0% | 0.43% | −0.11 |
| AMGN Amgen Inc. | Reduce -1.9% | 0.29% | −0.10 |
| PVI Invesco Floating Rate Munici | Reduce -5.3% | 0.39% | −0.10 |
| CGW Invesco S&P Global Water Ind | Reduce -2.5% | 1.14% | −0.10 |
| UL Unilever PLC | Reduce -1.9% | 0.54% | −0.10 |
| ADBE Adobe Inc. | Reduce -5.7% | 0.38% | −0.10 |
| HD Home Depot Inc. | Reduce -1.2% | 0.46% | −0.10 |
| WY Weyerhaeuser Co. | Reduce -20.2% | 0.13% | −0.09 |
| ITW Illinois Tool Works | Reduce -4.6% | 0.35% | −0.09 |
| MUB iShares National Muni Bond E | Reduce -14.7% | 0.22% | −0.09 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -34.4% | 0.13% | −0.09 |
| SYK Stryker Corp. | Reduce -1.1% | 0.64% | −0.09 |
| CRM Salesforce Inc. | Reduce -2.1% | 0.41% | −0.08 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -4.1% | 0.34% | −0.08 |
| SBUX Starbucks Corp. | Reduce -9.9% | 0.19% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -1.7% | 0.28% | −0.08 |
| O Realty Income Corp. | Reduce -5.5% | 0.29% | −0.08 |
| MUNI PIMCO Intermediate Municipal | Reduce -12.7% | 0.21% | −0.08 |
| SAP Sap SE-Sponsored ADR | Reduce -1.8% | 1.07% | −0.08 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -2.1% | 0.24% | −0.08 |
| WM Waste Management Inc. | Reduce -19.2% | 0.15% | −0.08 |
| CNI Canadian Natl Railway Co. | Reduce -11.9% | 0.28% | −0.07 |
| MRSH Marsh & McLennan Cos | Reduce -12.2% | 0.14% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| JSTC Adasina Social Justice GLB | New | 4.17% | +4.17 |
| CPLB Nylim Mackay Core Plus Bond | New | 1.07% | +1.07 |
| NVDA Nvidia Corp. | Add +0.1% | 3.56% | +0.65 |
| CHGX Stance Sustainable Beta ETF | New | 0.61% | +0.61 |
| BGRN iShares Usd Green Bond ETF | New | 0.49% | +0.49 |
| OWNS CCM Affordable Hous MBS ETF | New | 0.43% | +0.43 |
| MSFT Microsoft Corp. | Add +1.8% | 3.28% | +0.38 |
| EMNT PIMCO Enhcd St M-Active ESG | Add +61.3% | 1.11% | +0.29 |
| AVGO Broadcom Inc. | Add +8.1% | 0.86% | +0.28 |
| SCHO Schwab Short-Term US Treas | New | 0.27% | +0.27 |
| NFLX Netflix Inc. | Add +10.4% | 1.02% | +0.25 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.3% | 1.30% | +0.23 |
| ORCL Oracle Corp. | Add +10.5% | 0.64% | +0.20 |
| COF Capital One Financial Corp. | New | 0.18% | +0.18 |
| IBMQ iShares Ibonds Dec 2028 Muni | New | 0.17% | +0.17 |
| MS Morgan Stanley | New | 0.16% | +0.16 |
| CLS Celestica Inc. | New | 0.15% | +0.15 |
| CIB Grupo Cibest SA-ADR | New | 0.14% | +0.14 |
| DELL Dell Technologies -C | New | 0.14% | +0.14 |
| JNPR Juniper Networks Inc. | New | 0.14% | +0.14 |
| STM Stmicroelectronics NV-NY SHS | New | 0.13% | +0.13 |
| MPWR Monolithic Power Systems Inc. | New | 0.13% | +0.13 |
| HSBC HSBC Holdings PLC-Spons ADR | New | 0.13% | +0.13 |
| AMH American Homes 4 Rent- A | New | 0.13% | +0.13 |
| DLR Digital Realty Trust Inc. | New | 0.12% | +0.12 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.11% | +0.11 |
| RY Royal Bank of Canada | New | 0.11% | +0.11 |
| AMED Amedisys Inc. | New | 0.11% | +0.11 |
| BMO Bank of Montreal | New | 0.11% | +0.11 |
| CCJ Cameco Corp. | New | 0.11% | +0.11 |
| CCEP Coca-Cola Europacific Partne | New | 0.11% | +0.11 |
| AGX Argan Inc. | New | 0.11% | +0.11 |
| IBKR Interactive Brokers Gro Class A | New | 0.10% | +0.10 |
| MRVL Marvell Technology Inc. | New | 0.10% | +0.10 |
| ANSS Ansys Inc. | Add +57.4% | 0.22% | +0.07 |
| AXP American Express Co. | Add +10.1% | 0.77% | +0.07 |
| AMD Advanced Micro Devices | Add +3.7% | 0.36% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +10.3% | 0.22% | +0.06 |
| CSCO Cisco Systems Inc. | Add +12.3% | 0.94% | +0.05 |
| ASX Ase Technology Holding -ADR | Add +34.6% | 0.18% | +0.05 |
| PWR Quanta Services Inc. | Add +6.3% | 0.18% | +0.04 |
| ING ING Groep N.V.-Sponsored ADR | Add +28.2% | 0.26% | +0.04 |
| ANET Arista Networks Inc. | Add +11.4% | 0.22% | +0.04 |
| INTU Intuit Inc. | Add +3.3% | 0.42% | +0.04 |
| LRCX Lam Research Corp. | Add +2.1% | 0.32% | +0.04 |
| MCHP Microchip Technology Inc. | Add +4.8% | 0.18% | +0.04 |
| KLAC KLA Corp. | Add +9.1% | 0.23% | +0.04 |
| NOW ServiceNow Inc. | Add +0.6% | 0.46% | +0.04 |
| SPOT Spotify Technology SA | Add +5.1% | 0.20% | +0.04 |
| VIV Telefonica Brasil-ADR | Add +12.7% | 0.19% | +0.04 |
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 |