Forefront Analytics, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Forefront Analytics, LLC reported 64 stock positions worth $215.0 million. Its top holding was Nuveen ESG Large-Cap Val ETF (NULV) at 11.7% of the portfolio, followed by Vanguard Total Intl Bond ETF (BNDX, 7.3%) and iShares JP Morgan Usd Emergi (EMB, 6.1%). Compared with Q3 2024, it opened 4 new positions, sold out of 7, added to 35 and reduced 25. The biggest buy was a new position in iShares Core 30/70 Conservat (AOK) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001696802
- Portfolio Value
- $215.0M (Q4 2024)
- SEC Filing
- 0001085146-25-001378 ↗ filed Feb 14, 2025
Holdings Value
Holdings 64 stocks · $215.0M
| NULV Nuveen ESG Large-Cap Val ETF | 11.70% | 638,823 | $25.2M | Reduce -8.0% |
| BNDX Vanguard Total Intl Bond ETF | 7.26% | 318,115 | $15.6M | Add +53.7% |
| EMB iShares JP Morgan Usd Emergi | 6.10% | 147,400 | $13.1M | Add +117.6% |
| AOK iShares Core 30/70 Conservat | 6.02% | 347,277 | $13.0M | New |
| LTPZ PIMCO 15+ YR US Tips Indx | 4.23% | 174,705 | $9.1M | Reduce -13.6% |
| MTUM iShares MSCI USA Momentum Fa | 3.75% | 38,945 | $8.1M | Add +15.5% |
| WIP State Street SPDR Ftse Inter | 3.66% | 217,606 | $7.9M | Add +45.0% |
| VNQI Vanguard GLBL Ex-US Real Est | 3.66% | 198,721 | $7.9M | Add +275.4% |
| EMLP First Trust North American E | 3.58% | 216,001 | $7.7M | Reduce -1.8% |
| EDV Vanguard Extended Dur Treas | 3.46% | 109,780 | $7.4M | Add +31.1% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 3.34% | 223,932 | $7.2M | Reduce -0.9% |
| MBB iShares MBS ETF | 3.09% | 72,363 | $6.6M | Add +21.4% |
| VWO Vanguard Ftse Emerging Marke | 3.04% | 148,409 | $6.5M | Reduce -49.8% |
| BKLN Invesco Senior Loan ETF | 2.99% | 304,746 | $6.4M | Add +8.6% |
| TIP iShares Tips Bond ETF | 2.84% | 57,329 | $6.1M | Add +200.5% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 2.78% | 124,227 | $6.0M | New |
| VEA Vanguard Ftse Developed ETF | 2.42% | 108,783 | $5.2M | Reduce -43.9% |
| FLRN SS SPDR BB Ig Float RT ETF | 2.29% | 160,008 | $4.9M | Add +146.8% |
| IGF iShares Global Infrastructur | 1.94% | 79,739 | $4.2M | Reduce -22.4% |
| DBEF Xtrackers MSCI Eafe Hedged E | 1.90% | 98,634 | $4.1M | Reduce -33.6% |
| USMV iShares MSCI USA Min Vol Fac | 1.87% | 45,308 | $4.0M | Add +284.4% |
| VNQ Vanguard Real Estate ETF | 1.80% | 43,422 | $3.9M | Add +52.4% |
| HDV iShares Core High Dividend E | 1.80% | 34,438 | $3.9M | Reduce -24.5% |
| IEI iShares 3-7 Year Treasury Bo | 1.28% | 23,727 | $2.7M | Add +120.4% |
| IVV iShares Core S&P 500 ETF | 1.26% | 4,611 | $2.7M | Reduce -6.1% |
| STIP iShares 0-5 Year Tips Bond E | 1.16% | 24,897 | $2.5M | Add +51.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.04% | 13,154 | $2.2M | Add +63.0% |
| NVDA Nvidia Corp. | 0.93% | 14,959 | $2.0M | Reduce -3.8% |
| IEF iShares 7-10 Year Treasury B | 0.82% | 19,088 | $1.8M | Add +34.9% |
| HEEM iShares Crncy Hedgd MSCI Em | 0.79% | 63,026 | $1.7M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.74% | 2,728 | $1.6M | Reduce -87.6% |
| EES Wisdomtree US Smallcap Fund | 0.64% | 25,665 | $1.4M | Reduce -1.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.63% | 12,248 | $1.3M | Reduce -19.4% |
| FLOT iShares Floating Rate Bond E | 0.59% | 25,034 | $1.3M | Add +105.4% |
| JNK SS SPDR BB High Yield Bond | 0.57% | 12,872 | $1.2M | Reduce -47.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.47% | 4,238 | $1.0M | Reduce -4.8% |
| JPM JPMorgan Chase & Co. | 0.37% | 3,345 | $802K | Add +1.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.25% | 6,708 | $528K | Add +132.2% |
| XLRE SS Real Estate Select Sector | 0.24% | 12,735 | $518K | Reduce -43.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 4,629 | $495K | Reduce -86.6% |
| DE Deere & Co. | 0.22% | 1,118 | $474K | Add +0.4% |
| UNH Unitedhealth Group Inc. | 0.19% | 787 | $400K | Add +7.4% |
| PFE Pfizer Inc. | 0.18% | 14,903 | $395K | Add +4.3% |
| INDA iShares MSCI India ETF | 0.18% | 7,426 | $391K | Reduce -37.8% |
| SSO Proshares Ultra S&P500 | 0.17% | 4,042 | $374K | New |
| INCY Incyte Corp. | 0.16% | 4,847 | $335K | Reduce -15.7% |
| UWM Proshares Ultra RUSSELL2000 | 0.15% | 7,887 | $330K | Reduce -46.0% |
| ABT Abbott Laboratories | 0.14% | 2,683 | $304K | Reduce -30.9% |
| REGN Regeneron Pharmaceuticals | 0.12% | 368 | $262K | Add +23.9% |
| MDT Medtronic PLC | 0.11% | 3,077 | $246K | Add +32.5% |
| EW Edwards Lifesciences Corp. | 0.11% | 3,226 | $239K | Add +2.7% |
| RPAR Rpar Risk Parity ETF | 0.10% | 11,701 | $219K | Reduce -27.6% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 413 | $215K | Reduce -4.0% |
| BSCU Invesco Bulletshares 2030 CB | 0.08% | 10,596 | $173K | Reduce -70.6% |
| ZURA Zura Bio Ltd. | 0.06% | 53,734 | $134K | Add +74.4% |
| MREO Mereo Biopharma Group PL-ADR | 0.06% | 34,753 | $122K | Add +2.8% |
| IMTX Immatics NV | 0.05% | 15,911 | $113K | Add +42.3% |
| COGT Cogent Biosciences Inc. | 0.05% | 13,760 | $107K | Add +37.3% |
| KRON Kronos Bio Inc. | 0.04% | 93,190 | $89K | Add +2.4% |
| ITOS Iteos Therapeutics Inc. | 0.04% | 11,061 | $85K | New |
| ANNX Annexon Inc. | 0.04% | 16,433 | $84K | Add +56.8% |
| NKTX Nkarta Inc. | 0.03% | 30,046 | $75K | Add +70.3% |
| GERN Geron Corp. | 0.03% | 19,023 | $67K | Add +2.9% |
| CTMX Cytomx Therapeutics Inc. | 0.03% | 64,259 | $66K | Add +7.5% |
Portfolio Sells Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -87.6% | 0.74% | −5.20 |
| ESGG NT Stoxx GLBL ESG ETF | Sold out | 0.00% | −4.32 |
| VWO Vanguard Ftse Emerging Marke | Reduce -49.8% | 3.04% | −3.63 |
| VEA Vanguard Ftse Developed ETF | Reduce -43.9% | 2.42% | −2.41 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -8.0% | 11.70% | −1.97 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -86.6% | 0.23% | −1.61 |
| LTPZ PIMCO 15+ YR US Tips Indx | Reduce -13.6% | 4.23% | −1.28 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -33.6% | 1.90% | −1.05 |
| PDP Invesco Dorsey Wright Moment | Sold out | 0.00% | −0.81 |
| HDV iShares Core High Dividend E | Reduce -24.5% | 1.80% | −0.73 |
| IGF iShares Global Infrastructur | Reduce -22.4% | 1.94% | −0.70 |
| JNK SS SPDR BB High Yield Bond | Reduce -47.5% | 0.57% | −0.56 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.23 |
| XLRE SS Real Estate Select Sector | Reduce -43.1% | 0.24% | −0.23 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.22 |
| BSCU Invesco Bulletshares 2030 CB | Reduce -70.6% | 0.08% | −0.21 |
| VWOB Vanguard Emerg MKTS Gov BND | Sold out | 0.00% | −0.18 |
| REET iShares Global REIT ETF | Sold out | 0.00% | −0.17 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -19.4% | 0.63% | −0.17 |
| INDA iShares MSCI India ETF | Reduce -37.8% | 0.18% | −0.15 |
| UWM Proshares Ultra RUSSELL2000 | Reduce -46.0% | 0.15% | −0.14 |
| DJP Ipath Bloomberg Commodity Inc. | Reduce -0.9% | 3.34% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -6.1% | 1.26% | −0.07 |
| ABT Abbott Laboratories | Reduce -30.9% | 0.14% | −0.07 |
| RPAR Rpar Risk Parity ETF | Reduce -27.6% | 0.10% | −0.06 |
| PSTX Poseida Therapeutics Inc. | Sold out | 0.00% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.0% | 0.10% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.8% | 0.47% | −0.02 |
| INCY Incyte Corp. | Reduce -15.7% | 0.16% | −0.02 |
| EES Wisdomtree US Smallcap Fund | Reduce -1.5% | 0.64% | −0.00 |
| NVDA Nvidia Corp. | Reduce -3.8% | 0.93% | +0.04 |
| EMLP First Trust North American E | Reduce -1.8% | 3.58% | +0.09 |
Portfolio Buys Q3 2024 → Q4 2024
| AOK iShares Core 30/70 Conservat | New | 6.02% | +6.02 |
| EMB iShares JP Morgan Usd Emergi | Add +117.6% | 6.10% | +3.11 |
| SPYX SS SPDR S&P 500 Foss FL ETF | New | 2.78% | +2.78 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +275.4% | 3.66% | +2.48 |
| BNDX Vanguard Total Intl Bond ETF | Add +53.7% | 7.26% | +2.35 |
| TIP iShares Tips Bond ETF | Add +200.5% | 2.84% | +1.85 |
| USMV iShares MSCI USA Min Vol Fac | Add +284.4% | 1.87% | +1.36 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +146.8% | 2.29% | +1.34 |
| WIP State Street SPDR Ftse Inter | Add +45.0% | 3.66% | +0.81 |
| IEI iShares 3-7 Year Treasury Bo | Add +120.4% | 1.28% | +0.67 |
| MTUM iShares MSCI USA Momentum Fa | Add +15.5% | 3.75% | +0.52 |
| VNQ Vanguard Real Estate ETF | Add +52.4% | 1.80% | +0.49 |
| MBB iShares MBS ETF | Add +21.4% | 3.09% | +0.39 |
| STIP iShares 0-5 Year Tips Bond E | Add +51.9% | 1.16% | +0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +63.0% | 1.04% | +0.37 |
| EDV Vanguard Extended Dur Treas | Add +31.1% | 3.46% | +0.31 |
| FLOT iShares Floating Rate Bond E | Add +105.4% | 0.59% | +0.30 |
| BKLN Invesco Senior Loan ETF | Add +8.6% | 2.99% | +0.21 |
| SSO Proshares Ultra S&P500 | New | 0.17% | +0.17 |
| IEF iShares 7-10 Year Treasury B | Add +34.9% | 0.82% | +0.17 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +132.2% | 0.25% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +1.9% | 0.37% | +0.05 |
| ITOS Iteos Therapeutics Inc. | New | 0.04% | +0.04 |
| MDT Medtronic PLC | Add +32.5% | 0.11% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +2.7% | 0.11% | +0.01 |
| ANNX Annexon Inc. | Add +56.8% | 0.04% | +0.01 |
| ZURA Zura Bio Ltd. | Add +74.4% | 0.06% | +0.00 |
| DE Deere & Co. | Add +0.4% | 0.22% | +0.00 |
| COGT Cogent Biosciences Inc. | Add +37.3% | 0.05% | −0.00 |
| KRON Kronos Bio Inc. | Add +2.4% | 0.04% | −0.00 |
| CTMX Cytomx Therapeutics Inc. | Add +7.5% | 0.03% | −0.00 |
| NKTX Nkarta Inc. | Add +70.3% | 0.03% | −0.00 |
| IMTX Immatics NV | Add +42.3% | 0.05% | −0.01 |
| GERN Geron Corp. | Add +2.9% | 0.03% | −0.01 |
| MREO Mereo Biopharma Group PL-ADR | Add +2.8% | 0.06% | −0.01 |
| PFE Pfizer Inc. | Add +4.3% | 0.18% | −0.01 |
| UNH Unitedhealth Group Inc. | Add +7.4% | 0.19% | −0.02 |
| REGN Regeneron Pharmaceuticals | Add +23.9% | 0.12% | −0.03 |
| HEEM iShares Crncy Hedgd MSCI Em | Add +0.3% | 0.79% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $92.0M | VWO, ESGD, ESGE, HDV, MTUM |
| Q1 2026 | 39 | $110.0M | ESGD, ESGE, VWO, HDV, NULV |
| Q4 2025 | 43 | $113.3M | ESGD, ESGE, MTUM, VWO, HDV |
| Q3 2025 | 43 | $103.8M | ESGD, NULV, MTUM, ESGE, VWO |
| Q2 2025Amended | 43 | $89.5M | NULV, MTUM, VWO, ESGD, VEA |
| Q1 2025 | 45 | $86.9M | NULV, SPYX, MTUM, VWO, VEA |
| Q4 2024 | 64 | $215.0M | NULV, BNDX, EMB, AOK, LTPZ |
| Q3 2024 | 67 | $212.0M | NULV, VWO, SPY, LTPZ, BNDX |
| Q2 2024 | 68 | $208.9M | NULV, VWO, SPY, LTPZ, BNDX |
| Q1 2024 | 67 | $206.2M | ESGD, NULV, VWO, SPY, LTPZ |