First Affirmative Financial Network

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 20, 2025), First Affirmative Financial Network reported 296 stock positions worth $212.5 million. Its top holding was SS SPDR MSCI U Gend Div ETF (SHE) at 5.6% of the portfolio, followed by SS SPDR P St Term TSY ETF (SPTS, 4.2%) and Nvidia (NVDA, 3.9%). Compared with Q2 2025, it opened 32 new positions, sold out of 15, added to 143 and reduced 120. The biggest buy was a new position in SS SPDR MSCI U Gend Div ETF (SHE) and the biggest sale Adasina Social Justice GLB (JSTC, shares −48%).

Most Recent 13F
Q1 2026
Location
COLORADO SPRINGS, CO
CIK
0001656282
Portfolio Value
$212.5M (Q3 2025)
SEC Filing
0001656282-25-000008 ↗ filed Nov 20, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $135.7M Q1 2024 Q2 2024: $144.1M Q2 2024 Q3 2024: $182.7M Q3 2024 Q4 2024: $173.3M Q4 2024 Q1 2025: $163.2M Q1 2025 Q2 2025: $194.5M Q2 2025 Q3 2025: $212.5M $212.5M Q3 2025 Q1 2026: $257.7M Q1 2026

Holdings 296 stocks · $212.5M

SHE SS SPDR MSCI U Gend Div ETF 5.59% 93,214 $11.9M New
SPTS SS SPDR P St Term TSY ETF 4.24% 307,054 $9.0M Add +34.7%
NVDA Nvidia Corp. 3.86% 43,992 $8.2M Add +0.2%
AAPL Apple Inc. 3.46% 28,856 $7.3M Add +3.1%
MSFT Microsoft Corp. 3.18% 13,041 $6.8M Add +1.5%
VGIT Vanguard Intermediate-Term T 3.14% 111,216 $6.7M Reduce -33.2%
DSI iShares ESG MSCI KLD 400 ETF 2.53% 42,625 $5.4M Reduce -0.5%
GOOGL Alphabet Inc. Class A 2.05% 17,944 $4.4M Reduce -2.5%
JSTC Adasina Social Justice GLB 2.04% 213,200 $4.3M Reduce -48.0%
TSM Taiwan Semiconductor-SP ADR 1.51% 11,475 $3.2M Add +3.0%
GOOG Alphabet Inc. Class C 1.45% 12,621 $3.1M Reduce -3.3%
AMZN Amazon.com Inc. 1.34% 12,970 $2.8M Reduce -2.1%
MA Mastercard Inc. Class A 1.32% 4,946 $2.8M Add +5.1%
CSCO Cisco Systems Inc. 0.98% 30,543 $2.1M Add +15.7%
V Visa Inc. Class A 0.97% 6,028 $2.1M Add +5.7%
AVGO Broadcom Inc. 0.94% 6,054 $2.0M Add +0.1%
PG The Procter & Gamble Co. 0.94% 12,962 $2.0M Add +8.4%
SAP Sap SE-Sponsored ADR 0.92% 7,291 $1.9M Add +6.4%
NFLX Netflix Inc. 0.82% 1,455 $1.7M Reduce -1.9%
EMNT PIMCO Enhcd St M-Active ESG 0.78% 16,683 $1.6M Reduce -23.6%
META Meta Platforms Inc. Class A 0.76% 2,210 $1.6M Reduce -5.4%
AXP American Express Co. 0.75% 4,792 $1.6M Add +2.6%
AMAT Applied Materials Inc. 0.71% 7,357 $1.5M Reduce -4.1%
CHT Chunghwa Telecom LT-Spon ADR 0.70% 33,932 $1.5M Add +4.2%
ORCL Oracle Corp. 0.68% 5,149 $1.4M Reduce -9.0%
NVS Novartis AG-Sponsored ADR 0.66% 10,962 $1.4M Add +7.8%
TBX Proshares Short 7-10 YR TSY 0.65% 49,284 $1.4M Add +0.5%
JNJ Johnson & Johnson 0.65% 7,401 $1.4M Reduce -4.6%
ASML ASML Holding NV-NY Reg SHS 0.62% 1,356 $1.3M Add +2.8%
LLY Eli Lilly & Co. 0.60% 1,673 $1.3M Reduce -0.5%
CHGX Stance Sustainable Beta ETF 0.59% 45,592 $1.2M Add +0.0%
ABBV Abbvie Inc. 0.58% 5,307 $1.2M Add +7.5%
SYK Stryker Corp. 0.56% 3,223 $1.2M Add +2.6%
ADP Automatic Data Processing 0.54% 3,913 $1.1M Reduce -0.7%
UL Unilever PLC 0.51% 18,249 $1.1M Add +5.6%
TSLA Tesla Inc. 0.51% 2,416 $1.1M Reduce -12.2%
HD Home Depot Inc. 0.48% 2,517 $1.0M Add +2.2%
COST Costco Wholesale Corp. 0.46% 1,067 $988K Add +31.2%
TAXF American Century Diver Muni 0.46% 19,392 $974K Add +39.5%
AZN Astrazeneca PLC-Spons ADR 0.46% 12,685 $973K Add +10.3%
LIN Linde PLC 0.44% 1,968 $935K Add +2.1%
DHR Danaher Corp. 0.44% 4,669 $926K Add +12.3%
TMO Thermo Fisher Scientific Inc. 0.42% 1,838 $892K Reduce -6.6%
AMD Advanced Micro Devices 0.41% 5,383 $871K Add +8.0%
SUB iShares Short-Term National 0.40% 7,925 $846K Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.40% 2,980 $841K Reduce -1.8%
CRM Salesforce Inc. 0.39% 3,507 $831K Add +19.5%
INTU Intuit Inc. 0.39% 1,214 $829K Add +17.3%
TELFY Telefonica SA-Spon ADR 0.39% 161,830 $822K Add +0.5%
NOW ServiceNow Inc. 0.39% 892 $821K Add +1.7%
LRCX Lam Research Corp. 0.38% 6,087 $815K Reduce -5.8%
KO The Coca-Cola Co. 0.37% 11,930 $791K Add +13.7%
TM Toyota Motor Corp. -Spon ADR 0.37% 4,079 $779K Add +24.6%
PVI Invesco Floating Rate Munici 0.36% 30,956 $769K Add +0.0%
PANW Palo Alto Networks Inc. 0.35% 3,662 $746K Add +3.0%
PUK Prudential PLC-ADR 0.35% 26,379 $738K Add +9.2%
CGW Invesco S&P Global Water Ind 0.35% 11,454 $736K Reduce -67.6%
EQIX Equinix Inc. 0.34% 928 $727K Add +2.4%
JPM JPMorgan Chase & Co. 0.34% 2,305 $727K Reduce -10.3%
CB Chubb Ltd. 0.34% 2,575 $727K Reduce -3.0%
AWK American Water Works Co. Inc. 0.34% 5,169 $719K Reduce -5.0%
CPLB Nylim Mackay Core Plus Bond filed as NEW YORK LIFE INVTS ACTIVE E 0.33% 33,053 $707K Reduce -66.1%
ITW Illinois Tool Works 0.33% 2,701 $704K Reduce -2.4%
ABT Abbott Laboratories 0.33% 5,157 $691K Add +18.0%
WAB Wabtec Corp. 0.32% 3,435 $689K Add +10.3%
QCOM Qualcomm Inc. 0.32% 4,132 $687K Add +6.7%
MRK Merck & Co. Inc. 0.32% 8,149 $684K Add +1.9%
SHM SS SPDR N Ice St Muni ETF 0.32% 13,917 $671K Add +0.0%
O Realty Income Corp. 0.32% 11,039 $671K Add +13.7%
CMCSA Comcast Corp. Class A 0.31% 20,940 $658K Reduce -5.0%
LOW Lowe's Cos Inc. 0.30% 2,577 $648K Add +4.2%
TU Telus Corp. 0.30% 40,927 $645K Add +4.5%
PEP Pepsico Inc. 0.30% 4,578 $643K Reduce -3.8%
ING ING Groep N.V.-Sponsored ADR 0.30% 24,625 $642K Add +6.3%
ANET Arista Networks Inc. 0.30% 4,368 $636K Add +2.3%
SPGI S&P Global Inc. 0.30% 1,302 $634K Reduce -9.5%
ARCC Ares Capital Corp. 0.30% 30,987 $632K Add +29.3%
TEL Te Connectivity PLC 0.29% 2,813 $618K Add +2.6%
WMT Walmart Inc. 0.29% 5,954 $614K Reduce -20.0%
TAK Takeda Pharmaceutic-SP ADR 0.29% 41,852 $613K Add +16.8%
CME Cme Group Inc. 0.29% 2,256 $610K Add +13.6%
ADI Analog Devices Inc. 0.29% 2,468 $606K Reduce -10.4%
TT Trane Technologies PLC 0.28% 1,433 $604K Reduce -1.7%
TMUS T-Mobile US Inc. 0.28% 2,500 $598K Reduce -10.1%
CTAS Cintas Corp. 0.28% 2,901 $595K Reduce -2.2%
ADBE Adobe Inc. 0.28% 1,682 $593K Reduce -11.6%
MU Micron Technology Inc. 0.28% 3,519 $589K Reduce -7.8%
CDNS Cadence Design SYS Inc. 0.28% 1,668 $586K Reduce -5.3%
BKNG Booking Holdings Inc. 0.27% 108 $581K Reduce -3.6%
ISRG Intuitive Surgical Inc. 0.27% 1,297 $580K Add +11.7%
KMB Kimberly-Clark Corp. 0.27% 4,639 $577K Reduce -0.6%
CP Canadian Pacific Kansas City 0.27% 7,694 $573K Add +1.6%
PGR Progressive Corp. 0.27% 2,307 $570K Reduce -3.6%
AMGN Amgen Inc. 0.27% 2,011 $568K Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 10,996 $567K Reduce -4.0%
CNI Canadian Natl Railway Co. 0.26% 5,801 $547K Add +11.0%
JCI Johnson Controls Internation 0.26% 4,961 $545K Add +5.3%
TXN Texas Instruments Inc. 0.26% 2,961 $544K Add +0.6%
ECL Ecolab Inc. 0.25% 1,958 $536K Reduce -12.2%
KLAC KLA Corp. 0.25% 496 $535K Reduce -1.2%
ADSK Autodesk Inc. 0.25% 1,676 $532K Reduce -1.5%
AMT American Tower Corp. 0.25% 2,754 $530K Add +2.7%
SCHO Schwab Short-Term US Treas 0.24% 21,074 $514K Reduce -3.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.24% 7,927 $512K Add +7.9%
SNPS Synopsys Inc. 0.24% 1,027 $507K Add +30.5%
AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR 0.24% 50,859 $505K Add +3.5%
ICLN iShares Global Clean Energy 0.24% 32,500 $503K Reduce -72.6%
T AT&T Inc. 0.24% 17,784 $502K Add +36.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.24% 1,243 $500K No change
CRWD CrowdStrike Holdings Inc. Class A 0.23% 1,016 $498K Add +19.5%
UNH Unitedhealth Group Inc. 0.23% 1,419 $490K Reduce -2.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.23% 4,225 $484K Add +24.3%
IBMO iShares Ibonds Dec 2026 Term 0.22% 18,372 $471K Add +0.0%
MDT Medtronic PLC 0.22% 4,944 $471K Add +8.0%
IBMP iShares Ibonds Dec 2027 Term 0.22% 18,286 $466K Add +0.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.22% 3,204 $463K Reduce -3.1%
CINF Cincinnati Financial Corp. 0.22% 2,923 $462K Add +4.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.22% 9,176 $459K Add +91.0%
ASX Ase Technology Holding -ADR 0.21% 40,686 $451K Add +18.5%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.21% 18,084 $450K Reduce -3.6%
CLS Celestica Inc. 0.21% 1,811 $446K Reduce -6.0%
WPM Wheaton Precious Metals Corp. 0.21% 3,976 $445K Add +3.5%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.21% 464 $442K Reduce -5.3%
ALL Allstate Corp. 0.21% 2,049 $440K Add +6.0%
MUB iShares National Muni Bond E 0.20% 4,020 $428K Add +0.0%
VIV Telefonica Brasil-ADR 0.20% 33,558 $428K Add +3.4%
GLTR Abrdn Precious Metals Basket 0.20% 2,581 $427K Reduce -3.8%
ACN Accenture PLC Class A 0.20% 1,728 $426K Reduce -2.1%
RACE Ferrari NV 0.20% 871 $423K Reduce -0.1%
NEM Newmont Corp. 0.20% 4,986 $420K Add +13.2%
MKC McCormick & Co.-Non VTG SHRS 0.20% 6,252 $418K Add +3.0%
VZ Verizon Communications Inc. 0.19% 9,288 $408K Reduce -4.6%
GILD Gilead Sciences Inc. 0.19% 3,672 $408K Add +8.1%
BLK BlackRock Inc. 0.19% 348 $406K Add +9.4%
PWR Quanta Services Inc. 0.19% 976 $404K Add +3.9%
SPOT Spotify Technology SA 0.19% 573 $400K Add +11.9%
VRTX Vertex Pharmaceuticals Inc. 0.19% 1,015 $397K Reduce -10.4%
BSX Boston Scientific Corp. 0.19% 4,048 $395K Add +1.6%
JMSI JPM Sus Municipal Income filed as J P MORGAN EXCHANGE TRADED F 0.18% 7,808 $392K Add +0.0%
MUNI PIMCO Intermediate Municipal 0.18% 7,466 $390K Reduce -4.5%
DE Deere & Co. 0.18% 831 $380K Add +0.4%
WDAY Workday Inc. Class A 0.18% 1,567 $377K Reduce -4.9%
DELL Dell Technologies -C 0.17% 2,619 $371K Add +16.9%
TD Toronto-Dominion Bank 0.17% 4,625 $370K Reduce -22.7%
MS Morgan Stanley 0.17% 2,311 $367K Add +2.7%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.17% 5,675 $367K Add +8.5%
TRI Thomson Reuters Corp. 0.17% 2,354 $366K Reduce -6.2%
CIB Grupo Cibest SA-ADR 0.17% 6,901 $358K Add +15.9%
BBVA Banco Bilbao Vizcaya-SP ADR 0.17% 18,582 $358K Add +4.7%
NOK Nokia Corp.-Spon ADR 0.17% 73,943 $356K Add +29.9%
VOD Vodafone Group PLC-SP ADR 0.17% 30,659 $356K Reduce -0.8%
AEM Agnico Eagle Mines Ltd. 0.17% 2,109 $356K Reduce -1.8%
CI The Cigna Group 0.17% 1,228 $354K Add +0.6%
WTRG Essential Utilities Inc. 0.17% 8,860 $354K Add +1.4%
ETN Eaton Corp. PLC 0.17% 945 $354K Reduce -3.0%
ICE Intercontinental Exchange Inc. 0.16% 2,078 $350K Add +8.6%
SONY Sony Group Corp. - SP ADR 0.16% 12,093 $348K Add +2.5%
UMC United Microelectron-SP ADR 0.16% 45,578 $345K Add +3.0%
MCD McDonald's Corp. 0.16% 1,136 $345K Add +15.8%
OWNS CCM Affordable Hous MBS ETF 0.16% 19,655 $342K Reduce -59.9%
IBN Icici Bank Ltd.-Spon ADR 0.16% 11,304 $342K Add +1.6%
IX Orix - Sponsored ADR filed as ORIX CORP 0.16% 13,077 $342K Reduce -15.1%
SHOP Shopify Inc. Class A 0.16% 2,275 $338K Add +3.4%
INTC Intel Corp. 0.16% 10,019 $336K Add +3.5%
IBMQ iShares Ibonds Dec 2028 Muni 0.16% 13,086 $336K Add +0.0%
WELL Welltower Inc. 0.16% 1,883 $335K Reduce -1.7%
CAT Caterpillar Inc. 0.16% 700 $334K New
RELX Relx PLC - Spon ADR 0.16% 6,980 $333K Reduce -7.8%
SMFG Sumitomo Mitsui-Spons ADR 0.16% 19,838 $332K Reduce -3.5%
MCHP Microchip Technology Inc. 0.15% 5,094 $327K Add +1.4%
ITUB Itau Unibanco H-Spon PRF ADR 0.15% 44,203 $324K Reduce -2.0%
MFC Manulife Financial Corp. 0.15% 10,403 $324K Add +10.7%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.15% 38,913 $322K Add +6.6%
FNV Franco-Nevada Corp. 0.15% 1,442 $321K Add +0.3%
PNR Pentair PLC 0.15% 2,861 $317K Add +4.3%
UNP Union Pacific Corp. 0.15% 1,339 $317K Reduce -9.7%
DOV Dover Corp. 0.15% 1,891 $316K Add +15.4%
MPWR Monolithic Power Systems Inc. 0.15% 341 $314K Reduce -2.6%
EBAY eBay Inc. 0.15% 3,445 $313K Add +6.8%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.15% 4,409 $313K Add +6.1%
PDD PDD Holdings Inc. 0.15% 2,362 $312K Add +10.8%
PHG Koninklijke Philips NVR- NY 0.15% 11,418 $311K Add +5.1%
COF Capital One Financial Corp. 0.15% 1,460 $310K Reduce -11.1%
SNY Sanofi-ADR 0.14% 6,486 $306K Add +9.4%
GPC Genuine Parts Co. 0.14% 2,180 $302K Add +7.4%
CBRE CBRE Group Inc. Class A 0.14% 1,910 $301K Add +8.8%
MFG Mizuho Financial Group-ADR 0.14% 44,880 $301K Reduce -1.0%
STN Stantec Inc. 0.14% 2,787 $300K Add +25.3%
NVO Novo-Nordisk A/S-Spons ADR 0.14% 5,366 $298K Reduce -9.4%
CMI Cummins Inc. 0.14% 705 $298K Add +15.4%
WM Waste Management Inc. 0.14% 1,348 $298K Add +3.1%
SLF Sun Life Financial Inc. 0.14% 4,905 $294K Reduce -1.1%
APD Air Products & Chemicals Inc. 0.14% 1,074 $293K Add +5.2%
UMBF Umb Financial Corp. 0.14% 2,462 $291K Add +3.1%
BGRN iShares Usd Green Bond ETF 0.14% 6,036 $291K Reduce -69.6%
TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA 0.14% 15,338 $289K Reduce -10.4%
OTIS Otis Worldwide Corp. 0.14% 3,145 $288K Reduce -0.6%
WCN Waste Connections Inc. 0.13% 1,607 $283K Reduce -7.6%
AFL Aflac Inc. 0.13% 2,523 $282K Reduce -5.0%
AMX America Movil Sab DE CV 0.13% 13,336 $280K Add +10.2%
SBUX Starbucks Corp. 0.13% 3,273 $277K Reduce -20.1%
GLW Corning Inc. 0.13% 3,363 $276K New
LYG Lloyds Banking Group PLC-ADR 0.13% 59,632 $271K Reduce -8.4%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.13% 2,638 $271K Add +5.2%
MDLZ Mondelez International Inc. Class A 0.13% 4,329 $270K Reduce -1.0%
CL Colgate-Palmolive Co. 0.13% 3,374 $270K Add +3.0%
TNC Tennant Co. 0.12% 3,270 $265K Add +7.2%
HBM Hudbay Minerals Inc. 0.12% 17,290 $262K Reduce -7.3%
MELI MercadoLibre Inc. 0.12% 112 $262K Reduce -7.4%
HDB HDFC Bank Ltd.-ADR 0.12% 7,653 $261K Reduce -1.9%
DLR Digital Realty Trust Inc. 0.12% 1,511 $261K Add +10.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.12% 1,981 $258K Add +1.3%
KR Kroger Co. 0.12% 3,817 $257K Add +4.1%
NWG Natwest Group PLC -Spon ADR 0.12% 18,050 $255K Add +3.6%
APH Amphenol Corp. Class A 0.12% 2,053 $254K New
VTR Ventas Inc. 0.12% 3,612 $253K Add +14.0%
XYL Xylem Inc. 0.12% 1,708 $252K Reduce -25.1%
MSI Motorola Solutions Inc. 0.12% 550 $252K Reduce -18.0%
GIB Cgi Inc. 0.12% 2,811 $251K Reduce -0.1%
SCHW Schwab (charles) Corp. 0.12% 2,615 $250K Reduce -0.6%
PLTR Palantir Technologies Inc. Class A 0.12% 1,366 $249K New
TER Teradyne Inc. 0.12% 1,802 $248K New
ALNY Alnylam Pharmaceuticals Inc. 0.12% 542 $247K New
HUBS HubSpot Inc. 0.12% 526 $246K Add +28.6%
VTES Vanguard SH Term Tax-Ex Bond 0.12% 2,402 $245K New
DEO Diageo PLC-Sponsored ADR 0.12% 2,564 $245K New
NLY Annaly Capital Management Inc. 0.12% 12,109 $245K New
STM Stmicroelectronics NV-NY SHS 0.11% 8,633 $244K Add +1.8%
BRO Brown & Brown Inc. 0.11% 2,597 $244K Add +13.3%
AVAL Grupo Aval Acciones Y Valore 0.11% 72,977 $241K Add +18.0%
KT KT Corp.-SP ADR 0.11% 12,344 $241K Reduce -16.9%
SAN Banco Santander SA-Spon ADR 0.11% 22,880 $240K Reduce -22.8%
L Loews Corp. 0.11% 2,381 $239K New
RY Royal Bank of Canada 0.11% 1,617 $238K Reduce -4.2%
TRV The Travelers Cos Inc. 0.11% 851 $238K Reduce -2.3%
GMUN Goldman Sachs Access Municip 0.11% 4,686 $236K Add +0.0%
DRD Drdgold Ltd.-Sponsored ADR 0.11% 8,545 $236K New
HMC Honda Motor Co. Ltd.-Spons ADR 0.11% 7,619 $235K New
AMH American Homes 4 Rent- A 0.11% 7,023 $234K Add +2.6%
BDX Becton Dickinson and Co. 0.11% 1,240 $232K Add +5.3%
BUD Anheuser-Busch Inbev-SPN ADR 0.11% 3,891 $232K Reduce -3.3%
BAP Credicorp Ltd. 0.11% 870 $232K New
HPQ HP Inc. 0.11% 8,459 $230K New
ELP Companhia Paranaense DE Ener 0.11% 23,368 $229K Add +16.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.11% 2,485 $228K New
UPS United Parcel Service Class B 0.11% 2,710 $226K Reduce -11.8%
PSO Pearson PLC-Sponsored ADR 0.11% 15,899 $225K Reduce -5.0%
FIX Comfort Systems USA Inc. 0.11% 271 $224K New
NXPI NXP Semiconductors NV 0.10% 971 $221K Add +0.8%
ALC Alcon Inc. filed as ALCON AG 0.10% 2,966 $221K New
HLT Hilton Worldwide Holdings Inc. 0.10% 851 $221K Add +1.8%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.10% 3,353 $220K Add +5.6%
IGSB iShares 1-5Y Inv Grade Corp. 0.10% 4,132 $219K Reduce -0.2%
LOGI Logitech International-Reg 0.10% 1,989 $218K New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.10% 13,613 $217K Reduce -10.9%
JLL Jones Lang Lasalle Inc. 0.10% 722 $215K New
ABEV Ambev SA-ADR 0.10% 96,342 $215K Add +20.9%
GNMA iShares Gnma Bond ETF 0.10% 4,839 $215K New
RYN Rayonier Inc. 0.10% 8,056 $214K New
SKM SK Telecom Co. Ltd.-Spon ADR 0.10% 9,898 $214K Reduce -6.4%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.10% 11,106 $211K Reduce -22.5%
SNN Smith & Nephew PLC -Spon ADR 0.10% 5,742 $208K New
MRVL Marvell Technology Inc. 0.10% 2,464 $207K Reduce -5.2%
MRSH Marsh & McLennan Cos 0.10% 1,026 $207K Reduce -19.1%
CARR Carrier Global Corp. 0.10% 3,456 $206K Reduce -2.3%
RGLD Royal Gold Inc. 0.10% 1,025 $206K New
VRSN Verisign Inc. 0.10% 735 $206K New
EHC Encompass Health Corp. 0.10% 1,593 $202K New
AVB Avalonbay Communities Inc. 0.10% 1,045 $202K New
WY Weyerhaeuser Co. 0.09% 8,088 $201K Reduce -18.7%
CIG Cia Energetica DE-Spon ADR 0.09% 92,258 $195K Add +5.4%
OBDC Blue Owl Capital Corp. 0.09% 15,103 $193K Reduce -4.5%
BBD Banco Bradesco-ADR 0.09% 55,337 $187K Reduce -14.5%
GBDC Golub Capital BDC Inc. 0.08% 12,845 $176K New
KVUE Kenvue Inc. 0.08% 10,459 $170K New
NMR Nomura Holdings Inc.-Spon ADR 0.08% 23,086 $168K Add +5.1%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.08% 15,545 $166K Reduce -29.8%
CCAP Crescent Capital BDC Inc. 0.07% 10,943 $156K Reduce -3.0%
RDY Dr. Reddy's Laboratories-ADR 0.07% 10,526 $147K Reduce -4.6%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.07% 11,792 $143K New
HLN Haleon PLC-ADR 0.06% 15,217 $136K New
AMCR Amcor PLC 0.06% 16,553 $135K Reduce -2.6%
WIT Wipro Ltd.-ADR 0.04% 35,790 $94K Add +29.6%
NIO Nio Inc. - ADR 0.04% 12,057 $92K Reduce -21.3%
ARRY Array Technologies Inc. 0.04% 10,837 $88K Reduce -20.0%
BLDP Ballard Power Systems Inc. 0.03% 26,023 $71K Reduce -11.4%
NEXA Nexa Resources SA 0.03% 12,649 $63K New
LPL LG Display Co. Ltd.-ADR 0.03% 10,256 $54K Reduce -17.7%
BBDO Banco Bradesco-ADR 0.03% 18,152 $53K Reduce -9.3%
SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION 0.02% 34,464 $52K Reduce -10.2%
OXSQ Oxford Square Capital Corp. 0.01% 19,981 $32K Add +23.8%
PLG Platinum Group Metals Ltd. 0.01% 11,206 $30K Reduce -5.7%
CLLS Cellectis - ADR 0.01% 10,149 $29K Reduce -48.7%
GHG Greentree Hospitality GR-ADR 0.01% 12,696 $28K Reduce -41.2%
PLUG Plug Power Inc. 0.01% 11,857 $28K Add +4.8%
GEVO Gevo Inc. 0.01% 10,295 $20K Reduce -18.4%

Portfolio Sells Q2 2025 → Q3 2025

JSTC Adasina Social Justice GLB Reduce -48.0% 2.04% −2.13
VGIT Vanguard Intermediate-Term T Reduce -33.2% 3.14% −1.98
CGW Invesco S&P Global Water Ind Reduce -67.6% 0.35% −0.79
CPLB Nylim Mackay Core Plus Bond Reduce -66.1% 0.33% −0.74
ICLN iShares Global Clean Energy Reduce -72.6% 0.24% −0.56
BGRN iShares Usd Green Bond ETF Reduce -69.6% 0.14% −0.35
EMNT PIMCO Enhcd St M-Active ESG Reduce -23.6% 0.78% −0.33
OWNS CCM Affordable Hous MBS ETF Reduce -59.9% 0.16% −0.27
ANSS Ansys Inc. Sold out 0.00% −0.22
NFLX Netflix Inc. Reduce -1.9% 0.82% −0.20
AMZN Amazon.com Inc. Reduce -2.1% 1.34% −0.15
JNPR Juniper Networks Inc. Sold out 0.00% −0.14
EFIV SS SPDR S&P 500 ESG ETF Sold out 0.00% −0.13
META Meta Platforms Inc. Class A Reduce -5.4% 0.76% −0.12
AMED Amedisys Inc. Sold out 0.00% −0.11
BR Broadridge Financial Solutio Sold out 0.00% −0.11
CCJ Cameco Corp. Sold out 0.00% −0.11
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.11
AGX Argan Inc. Sold out 0.00% −0.11
IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.10
CPT Camden Property Trust Sold out 0.00% −0.10
ADBE Adobe Inc. Reduce -11.6% 0.28% −0.10
CMCSA Comcast Corp. Class A Reduce -5.0% 0.31% −0.09
SPGI S&P Global Inc. Reduce -9.5% 0.30% −0.09
TRI Thomson Reuters Corp. Reduce -6.2% 0.17% −0.09
WMT Walmart Inc. Reduce -20.0% 0.29% −0.09
ADP Automatic Data Processing Reduce -0.7% 0.54% −0.08
LLY Eli Lilly & Co. Reduce -0.5% 0.60% −0.07
VRTX Vertex Pharmaceuticals Inc. Reduce -10.4% 0.19% −0.07
ACN Accenture PLC Class A Reduce -2.1% 0.20% −0.07
NVO Novo-Nordisk A/S-Spons ADR Reduce -9.4% 0.14% −0.07
IBM Intl Business Machines Corp. Reduce -1.8% 0.40% −0.06
SBUX Starbucks Corp. Reduce -20.1% 0.13% −0.06
PGR Progressive Corp. Reduce -3.6% 0.27% −0.06
CTAS Cintas Corp. Reduce -2.2% 0.28% −0.06
BKNG Booking Holdings Inc. Reduce -3.6% 0.27% −0.06
TMUS T-Mobile US Inc. Reduce -10.1% 0.28% −0.06
ECL Ecolab Inc. Reduce -12.2% 0.25% −0.06
RELX Relx PLC - Spon ADR Reduce -7.8% 0.16% −0.05
GWW WW Grainger Inc. Reduce -5.3% 0.21% −0.05
CB Chubb Ltd. Reduce -3.0% 0.34% −0.05
UPS United Parcel Service Class B Reduce -11.8% 0.11% −0.05
TD Toronto-Dominion Bank Reduce -22.7% 0.17% −0.05
ADI Analog Devices Inc. Reduce -10.4% 0.29% −0.05
AWK American Water Works Co. Inc. Reduce -5.0% 0.34% −0.05
KT KT Corp.-SP ADR Reduce -16.9% 0.11% −0.05
MRSH Marsh & McLennan Cos Reduce -19.1% 0.10% −0.05
TT Trane Technologies PLC Reduce -1.7% 0.28% −0.04
VGSR Vert GLB Sust Re ETF Reduce -29.8% 0.08% −0.04
JPM JPMorgan Chase & Co. Reduce -10.3% 0.34% −0.04

Portfolio Buys Q2 2025 → Q3 2025

SHE SS SPDR MSCI U Gend Div ETF New 5.59% +5.59
SPTS SS SPDR P St Term TSY ETF Add +34.7% 4.24% +0.80
AAPL Apple Inc. Add +3.1% 3.46% +0.51
NVDA Nvidia Corp. Add +0.2% 3.86% +0.30
TSM Taiwan Semiconductor-SP ADR Add +3.0% 1.51% +0.21
CAT Caterpillar Inc. New 0.16% +0.16
GLW Corning Inc. New 0.13% +0.13
APH Amphenol Corp. Class A New 0.12% +0.12
PLTR Palantir Technologies Inc. Class A New 0.12% +0.12
TER Teradyne Inc. New 0.12% +0.12
ALNY Alnylam Pharmaceuticals Inc. New 0.12% +0.12
VTES Vanguard SH Term Tax-Ex Bond New 0.12% +0.12
NLY Annaly Capital Management Inc. New 0.12% +0.12
DEO Diageo PLC-Sponsored ADR New 0.12% +0.12
L Loews Corp. New 0.11% +0.11
DRD Drdgold Ltd.-Sponsored ADR New 0.11% +0.11
HMC Honda Motor Co. Ltd.-Spons ADR New 0.11% +0.11
BAP Credicorp Ltd. New 0.11% +0.11
TAXF American Century Diver Muni Add +39.5% 0.46% +0.11
HPQ HP Inc. New 0.11% +0.11
BIL SS SPDR BB 1-3M T-Bill ETF New 0.11% +0.11
ABBV Abbvie Inc. Add +7.5% 0.58% +0.11
FIX Comfort Systems USA Inc. New 0.11% +0.11
ALC Alcon Inc. New 0.10% +0.10
LOGI Logitech International-Reg New 0.10% +0.10
JLL Jones Lang Lasalle Inc. New 0.10% +0.10
GNMA iShares Gnma Bond ETF New 0.10% +0.10
RYN Rayonier Inc. New 0.10% +0.10
SNN Smith & Nephew PLC -Spon ADR New 0.10% +0.10
RGLD Royal Gold Inc. New 0.10% +0.10
VRSN Verisign Inc. New 0.10% +0.10
EHC Encompass Health Corp. New 0.10% +0.10
VTEB Vanguard Tax-Exempt Bond ETF Add +91.0% 0.22% +0.10
AVB Avalonbay Communities Inc. New 0.10% +0.10
GBDC Golub Capital BDC Inc. New 0.08% +0.08
AVGO Broadcom Inc. Add +0.1% 0.94% +0.08
KVUE Kenvue Inc. New 0.08% +0.08
TM Toyota Motor Corp. -Spon ADR Add +24.6% 0.37% +0.08
ANET Arista Networks Inc. Add +2.3% 0.30% +0.07
ASML ASML Holding NV-NY Reg SHS Add +2.8% 0.62% +0.07
CCU Cia Cervecerias Uni-Spon ADR New 0.07% +0.07
NEM Newmont Corp. Add +13.2% 0.20% +0.07
HLN Haleon PLC-ADR New 0.06% +0.06
TEL Te Connectivity PLC Add +2.6% 0.29% +0.05
COST Costco Wholesale Corp. Add +31.2% 0.46% +0.05
AXIAY Axia Energia-ADR Add +3.5% 0.24% +0.05
INTC Intel Corp. Add +3.5% 0.16% +0.05
AMD Advanced Micro Devices Add +8.0% 0.41% +0.05
AZN Astrazeneca PLC-Spons ADR Add +10.3% 0.46% +0.04
T AT&T Inc. Add +36.6% 0.24% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026Amended 325$257.7MSHE, NVDA, SPTS, AAPL, VGIT
Q3 2025 296$212.5MSHE, SPTS, NVDA, AAPL, MSFT
Q2 2025 279$194.5MVGIT, JSTC, NVDA, SPTS, MSFT
Q1 2025 269$163.2MVGIT, SPTS, AAPL, NVDA, MSFT
Q4 2024 269$173.3MVGIT, DSI, AAPL, SPTS, NVDA
Q3 2024 284$182.7MVGIT, DSI, AAPL, SPTS, MSFT
Q2 2024 261$144.1MVGIT, SPTS, NVDA, AAPL, DSI
Q1 2024 254$135.7MVGIT, SPTS, DSI, NVDA, AAPL