First Foundation Advisors
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), First Foundation Advisors reported 335 stock positions worth $2.7 billion. Its top holding was Microsoft (MSFT) at 18.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 7.5%) and Alphabet Class C (GOOG, 4.6%). Compared with Q3 2025, it opened 18 new positions, sold out of 16, added to 106 and reduced 155. The biggest buy was Horizon Kinetics Infl Benef (INFL, shares +244%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Irvine, CA
- CIK
- 0001086763
- Portfolio Value
- $2.7B (Q4 2025)
- SEC Filing
- 0001086763-26-000002 ↗ filed Feb 4, 2026
Holdings Value
Holdings 335 stocks · $2.7B
| MSFT Microsoft Corp. | 18.23% | 999,611 | $483.4M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 7.46% | 288,891 | $197.9M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 4.63% | 391,289 | $122.8M | Reduce -10.0% |
| IEFA iShares Core MSCI Eafe ETF | 3.53% | 1,046,630 | $93.6M | Add +0.7% |
| JEPI JPMorgan Equity Premium Inco | 3.26% | 1,511,059 | $86.5M | Add +1.2% |
| MOAT Vaneck Morningstar Wide Moat | 2.97% | 760,526 | $78.8M | Reduce -4.9% |
| AAPL Apple Inc. | 2.90% | 282,922 | $76.9M | Reduce -6.1% |
| AMZN Amazon.com Inc. | 2.53% | 290,947 | $67.2M | Reduce -5.3% |
| GSLC Goldman Activebeta US LC ETF | 2.33% | 467,341 | $61.9M | Reduce -3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.01% | 105,866 | $53.2M | Reduce -2.0% |
| IWR iShares Russell Mid-Cap ETF | 1.88% | 518,013 | $49.9M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 1.64% | 647,117 | $43.5M | Add +3.0% |
| GSIE Goldman Sachs Activebeta Int | 1.63% | 1,009,773 | $43.4M | Reduce -1.3% |
| AMD Advanced Micro Devices | 1.47% | 182,275 | $39.0M | Reduce -0.1% |
| GSSC Goldman Sachs Activebeta US | 1.39% | 488,940 | $37.0M | Reduce -2.2% |
| NVDA Nvidia Corp. | 1.35% | 192,636 | $35.9M | Reduce -2.0% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 1.34% | 775,511 | $35.6M | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 1.20% | 99,054 | $31.9M | Reduce -8.3% |
| IWM iShares Russell 2000 ETF | 1.20% | 129,460 | $31.9M | Add +7.9% |
| IAU iShares Gold Trust | 1.05% | 341,898 | $27.8M | Add +3.2% |
| APH Amphenol Corp. Class A | 0.89% | 173,720 | $23.5M | Reduce -7.9% |
| IWF iShares Russell 1000 Growth | 0.86% | 48,262 | $22.8M | Reduce -3.7% |
| CMF iShares California Muni Bond | 0.80% | 367,283 | $21.1M | Add +5.9% |
| MA Mastercard Inc. Class A | 0.75% | 34,664 | $19.8M | Reduce -5.8% |
| SCHW Schwab (charles) Corp. | 0.73% | 192,836 | $19.3M | Reduce -1.7% |
| JPRE JPMorgan Realty Income ETF | 0.72% | 409,393 | $19.1M | Reduce -6.8% |
| UBER Uber Technologies Inc. | 0.71% | 230,687 | $18.8M | Add +3.9% |
| UPS United Parcel Service Class B | 0.66% | 176,113 | $17.5M | Reduce -8.5% |
| RSP Invesco S&P 500 Equal Weight | 0.61% | 84,492 | $16.2M | Reduce -0.5% |
| GEM Goldman Sachs Activebeta Em | 0.58% | 371,624 | $15.5M | Add +2.5% |
| AGG iShares Core U.S. Aggregate | 0.56% | 149,292 | $14.9M | Reduce -19.8% |
| PM Philip Morris International | 0.56% | 92,059 | $14.8M | Reduce -15.4% |
| COR Cencora Inc. | 0.55% | 42,954 | $14.5M | Reduce -6.6% |
| META Meta Platforms Inc. Class A | 0.54% | 21,617 | $14.3M | Add +0.6% |
| ITOT iShares Core S&P Total U.S. | 0.52% | 92,075 | $13.7M | Reduce -1.1% |
| AGGY Wisdomtree Yield Enhanced US | 0.52% | 310,135 | $13.7M | Reduce -7.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.51% | 329,256 | $13.6M | Reduce -8.7% |
| COST Costco Wholesale Corp. | 0.47% | 14,425 | $12.4M | Reduce -0.8% |
| XYLD Global X S&P 500 Cove Call E | 0.46% | 299,408 | $12.2M | Add +14.7% |
| IEF iShares 7-10 Year Treasury B | 0.46% | 126,295 | $12.1M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 0.46% | 38,742 | $12.1M | Reduce -0.4% |
| QCOM Qualcomm Inc. | 0.43% | 67,376 | $11.5M | Reduce -32.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.43% | 123,927 | $11.4M | Reduce -6.1% |
| GAL SS Global Allocation ETF | 0.42% | 226,828 | $11.2M | Reduce -28.3% |
| SU Suncor Energy Inc. | 0.42% | 249,971 | $11.1M | Reduce -31.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.41% | 16,041 | $10.9M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 0.40% | 44,121 | $10.6M | Add +0.3% |
| QUAL iShares MSCI USA Quality Fac | 0.40% | 52,776 | $10.5M | Reduce -2.0% |
| INFL Horizon Kinetics Infl Benef | 0.38% | 224,344 | $10.0M | Add +243.9% |
| JNJ Johnson & Johnson | 0.36% | 45,752 | $9.5M | Reduce -18.0% |
| CP Canadian Pacific Kansas City | 0.35% | 127,428 | $9.4M | Reduce -12.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 78,774 | $9.0M | Add +17.1% |
| IWP iShares Russell Mid-Cap Grow | 0.34% | 65,241 | $8.9M | Reduce -3.1% |
| AMAT Applied Materials Inc. | 0.34% | 34,653 | $8.9M | Reduce -10.8% |
| PLD Prologis Inc. | 0.32% | 65,768 | $8.4M | Reduce -5.3% |
| PWZ Invesco California Amt-Free | 0.30% | 328,941 | $7.9M | Reduce -29.1% |
| BN Brookfield Corp. | 0.29% | 169,478 | $7.8M | Reduce -5.0% |
| CME Cme Group Inc. | 0.29% | 27,771 | $7.6M | Reduce -6.4% |
| IVW iShares S&P 500 Growth ETF | 0.28% | 61,316 | $7.6M | Add +8.6% |
| APP AppLovin Corp. Class A | 0.28% | 10,934 | $7.4M | Reduce -4.6% |
| MEDP Medpace Holdings Inc. | 0.28% | 13,021 | $7.3M | Reduce -6.9% |
| SGOV iShares 0-3 Month Treasury B | 0.27% | 71,577 | $7.2M | Reduce -8.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.27% | 64,455 | $7.1M | Reduce -0.4% |
| SHYD Vaneck SH Hi YLD Muni | 0.27% | 307,757 | $7.1M | Add +2.9% |
| CVX Chevron Corp. | 0.26% | 45,529 | $6.9M | Add +22.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.26% | 6,483 | $6.9M | Reduce -5.4% |
| LLY Eli Lilly & Co. | 0.26% | 6,328 | $6.8M | Add +6.5% |
| AVGO Broadcom Inc. | 0.23% | 17,913 | $6.2M | Add +7.4% |
| V Visa Inc. Class A | 0.22% | 16,989 | $6.0M | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.22% | 48,077 | $5.8M | Reduce -5.3% |
| MPWR Monolithic Power Systems Inc. | 0.22% | 6,379 | $5.8M | Reduce -7.5% |
| WMT Walmart Inc. | 0.21% | 50,035 | $5.6M | Add +40.1% |
| TXN Texas Instruments Inc. | 0.21% | 31,667 | $5.5M | Add +13.8% |
| DGRO iShares Core Dividend Growth | 0.21% | 79,124 | $5.5M | Add +22.0% |
| NEE Nextera Energy Inc. | 0.20% | 67,470 | $5.4M | Reduce -5.7% |
| EFA iShares MSCI Eafe ETF | 0.20% | 56,230 | $5.4M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.20% | 14,821 | $5.2M | Add +13.3% |
| FTNT Fortinet Inc. | 0.19% | 63,446 | $5.0M | Reduce -9.4% |
| ANET Arista Networks Inc. | 0.19% | 38,317 | $5.0M | Reduce -6.3% |
| BKNG Booking Holdings Inc. | 0.19% | 936 | $5.0M | Reduce -5.7% |
| CTAS Cintas Corp. | 0.19% | 26,542 | $5.0M | Reduce -8.6% |
| INTU Intuit Inc. | 0.19% | 7,521 | $5.0M | Reduce -6.0% |
| AOR iShares Core 60/40 Balanced | 0.19% | 76,571 | $5.0M | Add +3.1% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 0.19% | 131,370 | $4.9M | Add +16.4% |
| IDXX Idexx Laboratories Inc. | 0.19% | 7,287 | $4.9M | Reduce -5.4% |
| XCEM Columbia Em Core Ex-China | 0.18% | 127,547 | $4.9M | Reduce -13.6% |
| EPD Enterprise Products Partners | 0.18% | 150,062 | $4.8M | Add +14.9% |
| NOW ServiceNow Inc. | 0.18% | 31,039 | $4.8M | Reduce -13.2% |
| HD Home Depot Inc. | 0.17% | 13,375 | $4.6M | Add +22.1% |
| VEEV Veeva Systems Inc. Class A | 0.17% | 20,224 | $4.5M | Reduce -6.1% |
| SCHX Schwab US Large-Cap ETF | 0.17% | 164,561 | $4.4M | Add +0.7% |
| MELI MercadoLibre Inc. | 0.17% | 2,178 | $4.4M | Reduce -8.3% |
| IVE iShares S&P 500 Value ETF | 0.16% | 20,439 | $4.3M | Add +19.6% |
| LIN Linde PLC | 0.16% | 10,162 | $4.3M | Reduce -6.6% |
| IQLT iShares MSCI International Q | 0.15% | 88,110 | $4.0M | Add +0.1% |
| ACN Accenture PLC Class A | 0.15% | 14,820 | $4.0M | Reduce -34.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 6,361 | $3.9M | Add +6.3% |
| MUB iShares National Muni Bond E | 0.14% | 35,608 | $3.8M | Add +21.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 5 | $3.8M | No change |
| EFV iShares MSCI Eafe Value ETF | 0.14% | 51,439 | $3.7M | Add +12.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 773 | $937K | Reduce -17.8% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 577 | $722K | No change |
Total filed on the 13F, all lines: $2.7B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.3% | 18.23% | −0.98 |
| ORCL Oracle Corp. | Reduce -76.6% | 0.11% | −0.54 |
| QCOM Qualcomm Inc. | Reduce -32.9% | 0.43% | −0.18 |
| GAL SS Global Allocation ETF | Reduce -28.3% | 0.42% | −0.15 |
| SU Suncor Energy Inc. | Reduce -31.6% | 0.42% | −0.15 |
| AGG iShares Core U.S. Aggregate | Reduce -19.8% | 0.56% | −0.13 |
| PWZ Invesco California Amt-Free | Reduce -29.1% | 0.30% | −0.11 |
| ZTS Zoetis Inc. | Reduce -85.8% | 0.02% | −0.11 |
| PM Philip Morris International | Reduce -15.4% | 0.56% | −0.10 |
| BLK BlackRock Inc. | Reduce -61.5% | 0.05% | −0.08 |
| EW Edwards Lifesciences Corp. | Reduce -71.9% | 0.04% | −0.08 |
| VEEV Veeva Systems Inc. Class A | Reduce -6.1% | 0.17% | −0.07 |
| NOW ServiceNow Inc. | Reduce -13.2% | 0.18% | −0.06 |
| JPRE JPMorgan Realty Income ETF | Reduce -6.8% | 0.72% | −0.06 |
| ACN Accenture PLC Class A | Reduce -34.9% | 0.15% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -8.3% | 1.20% | −0.06 |
| PFE Pfizer Inc. | Reduce -32.2% | 0.11% | −0.05 |
| CSGP Costar Group Inc. | Reduce -37.2% | 0.05% | −0.05 |
| PAYC Paycom Software Inc. | Reduce -10.1% | 0.12% | −0.05 |
| CP Canadian Pacific Kansas City | Reduce -12.7% | 0.35% | −0.05 |
| SMTH Alps SMTH Cor BD Plus ETF | Reduce -28.2% | 0.12% | −0.04 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -8.7% | 0.51% | −0.04 |
| MELI MercadoLibre Inc. | Reduce -8.3% | 0.17% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -38.9% | 0.09% | −0.04 |
| MO Altria Group Inc. | Reduce -76.9% | 0.01% | −0.04 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.03 |
| LH Labcorp Holdings Inc. | Reduce -9.4% | 0.14% | −0.03 |
| CTAS Cintas Corp. | Reduce -8.6% | 0.19% | −0.03 |
| ANET Arista Networks Inc. | Reduce -6.3% | 0.19% | −0.03 |
| AGGY Wisdomtree Yield Enhanced US | Reduce -7.0% | 0.52% | −0.03 |
| DECK Deckers Outdoor Corp. | Reduce -23.0% | 0.12% | −0.03 |
| CPRT Copart Inc. | Reduce -14.9% | 0.09% | −0.03 |
| KNSL Kinsale Capital Group Inc. | Reduce -18.0% | 0.10% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.47% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -5.8% | 0.75% | −0.03 |
| BE Bloom Energy Corp. Class A | Reduce -36.0% | 0.06% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -14.6% | 0.02% | −0.03 |
| LIN Linde PLC | Reduce -6.6% | 0.16% | −0.03 |
| FTNT Fortinet Inc. | Reduce -9.4% | 0.19% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -4.6% | 0.28% | −0.03 |
| JNJ Johnson & Johnson | Reduce -18.0% | 0.36% | −0.03 |
| BA The Boeing Co. | Reduce -38.7% | 0.04% | −0.02 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.7% | 0.27% | −0.02 |
| PDX PIMCO Dynamic Income Strat | Reduce -27.6% | 0.02% | −0.02 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -8.7% | 0.12% | −0.02 |
| BTI British American Tob-SP ADR | Reduce -56.9% | 0.02% | −0.02 |
| MSCI MSCI Inc. | Reduce -14.8% | 0.13% | −0.02 |
| RC Ready Capital Corp. | Reduce -53.8% | 0.01% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.1% | 0.34% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| INFL Horizon Kinetics Infl Benef | Add +243.9% | 0.38% | +0.27 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.7% | 3.53% | +0.17 |
| IAU iShares Gold Trust | Add +3.2% | 1.05% | +0.15 |
| IWM iShares Russell 2000 ETF | Add +7.9% | 1.20% | +0.13 |
| IEMG iShares Core MSCI Emerging | Add +3.0% | 1.64% | +0.11 |
| JEPI JPMorgan Equity Premium Inco | Add +1.2% | 3.26% | +0.11 |
| LLY Eli Lilly & Co. | Add +6.5% | 0.26% | +0.09 |
| XYLD Global X S&P 500 Cove Call E | Add +14.7% | 0.46% | +0.08 |
| WMT Walmart Inc. | Add +40.1% | 0.21% | +0.07 |
| IWR iShares Russell Mid-Cap ETF | Add +2.1% | 1.88% | +0.07 |
| CMF iShares California Muni Bond | Add +5.9% | 0.80% | +0.06 |
| XPCQX PIMCO California Muni Inc. FD | Add +537.8% | 0.07% | +0.06 |
| DIS The Walt Disney Co. | Add +17.1% | 0.34% | +0.05 |
| CVX Chevron Corp. | Add +22.7% | 0.26% | +0.05 |
| DGRO iShares Core Dividend Growth | Add +22.0% | 0.21% | +0.04 |
| CEG Constellation Energy | Add +383.8% | 0.05% | +0.04 |
| TYG Tortoise Energy Infrastruct | New | 0.04% | +0.04 |
| DJP Ipath Bloomberg Commodity Inc. | Add +16.4% | 0.19% | +0.04 |
| GEM Goldman Sachs Activebeta Em | Add +2.5% | 0.58% | +0.04 |
| IVE iShares S&P 500 Value ETF | Add +19.6% | 0.16% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +8.6% | 0.28% | +0.03 |
| EPD Enterprise Products Partners | Add +14.9% | 0.18% | +0.03 |
| AVGO Broadcom Inc. | Add +7.4% | 0.23% | +0.03 |
| MUB iShares National Muni Bond E | Add +21.3% | 0.14% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.03% | +0.03 |
| ADBE Adobe Inc. | Add +13.3% | 0.20% | +0.02 |
| SLV iShares Silver Trust | Add +13.3% | 0.06% | +0.02 |
| EFV iShares MSCI Eafe Value ETF | Add +12.1% | 0.14% | +0.02 |
| CMDY iShares Bloomberg Roll Selec | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | Add +95.4% | 0.04% | +0.02 |
| TXN Texas Instruments Inc. | Add +13.8% | 0.21% | +0.02 |
| BFST Business First Bancshares | New | 0.02% | +0.02 |
| EXC Exelon Corp. | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | Add +3.2% | 0.08% | +0.02 |
| EFG iShares MSCI Eafe Growth ETF | Add +11.4% | 0.12% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +102.4% | 0.04% | +0.01 |
| JYNT The Joint Corp. | Add +23.9% | 0.11% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +6.3% | 0.15% | +0.01 |
| MRK Merck & Co. Inc. | Add +2.8% | 0.06% | +0.01 |
| WELL Welltower Inc. | New | 0.01% | +0.01 |
| SCHL Scholastic Corp. | New | 0.01% | +0.01 |
| SHYD Vaneck SH Hi YLD Muni | Add +2.9% | 0.27% | +0.01 |
| V Visa Inc. Class A | Add +1.1% | 0.22% | +0.01 |
| GE General Electric | Add +12.0% | 0.08% | +0.01 |
| WFC Wells Fargo & Co. | Add +53.2% | 0.03% | +0.01 |
| JOET Virtus Terranova US Qual Mom | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +15.9% | 0.06% | +0.01 |
| AOR iShares Core 60/40 Balanced | Add +3.1% | 0.19% | +0.01 |
| NKE Nike Inc. Class B | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -17.8% | 773 | $937K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 351 | $2.8B | MSFT, IVV, GOOG, IEFA, AMD |
| Q1 2026 | 332 | $2.5B | MSFT, IVV, GOOG, IEFA, JEPI |
| Q4 2025 | 335 | $2.7B | MSFT, IVV, GOOG, IEFA, JEPI |
| Q3 2025 | 332 | $2.7B | MSFT, IVV, GOOG, IEFA, JEPI |
| Q2 2025 | 327 | $2.7B | MSFT, IVV, GOOG, IEFA, MOAT |
| Q1 2025 | 329 | $2.5B | MSFT, IVV, MOAT, JEPI, GOOG |
| Q4 2024 | 339 | $2.7B | MSFT, IVV, GOOG, MOAT, JEPI |
| Q3 2024 | 353 | $2.7B | MSFT, IVV, MOAT, GOOG, JEPI |
| Q2 2024 | 429 | $2.6B | MSFT, IVV, GOOG, MOAT, JEPI |
| Q1 2024 | 431 | $2.5B | MSFT, IVV, GOOG, MOAT, JEPI |