Forefront Analytics, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Forefront Analytics, LLC reported 45 stock positions worth $86.9 million. Its top holding was Nuveen ESG Large-Cap Val ETF (NULV) at 25.9% of the portfolio, followed by SS SPDR S&P 500 Foss FL ETF (SPYX, 10.7%) and iShares MSCI USA Momentum Fa (MTUM, 9.7%). Compared with Q4 2024, it opened 2 new positions, sold out of 21, added to 24 and reduced 15. The biggest buy was SS SPDR S&P 500 Foss FL ETF (SPYX, shares +64%) and the biggest sale an exit from Vanguard Total Intl Bond ETF (BNDX).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001696802
- Portfolio Value
- $86.9M (Q1 2025)
- SEC Filing
- 0001085146-25-003053 ↗ filed May 13, 2025
Holdings Value
Holdings 45 stocks · $86.9M
| NULV Nuveen ESG Large-Cap Val ETF | 25.85% | 555,012 | $22.5M | Reduce -13.1% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 10.73% | 203,859 | $9.3M | Add +64.1% |
| MTUM iShares MSCI USA Momentum Fa | 9.71% | 41,771 | $8.4M | Add +7.3% |
| VWO Vanguard Ftse Emerging Marke | 8.17% | 156,884 | $7.1M | Add +5.7% |
| VEA Vanguard Ftse Developed ETF | 6.39% | 109,288 | $5.6M | Add +0.5% |
| HDV iShares Core High Dividend E | 6.01% | 43,108 | $5.2M | Add +25.2% |
| DBEF Xtrackers MSCI Eafe Hedged E | 5.34% | 107,155 | $4.6M | Add +8.6% |
| USMV iShares MSCI USA Min Vol Fac | 4.88% | 45,249 | $4.2M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 2.96% | 4,581 | $2.6M | Reduce -0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.85% | 14,334 | $2.5M | Add +9.0% |
| HEEM iShares Crncy Hedgd MSCI Em | 2.07% | 64,209 | $1.8M | Add +1.9% |
| NVDA Nvidia Corp. | 1.87% | 14,985 | $1.6M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.76% | 2,737 | $1.5M | Add +0.3% |
| EES Wisdomtree US Smallcap Fund | 1.46% | 26,006 | $1.3M | Add +1.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.09% | 4,255 | $944K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.95% | 3,360 | $824K | Add +0.5% |
| DE Deere & Co. | 0.61% | 1,122 | $527K | Add +0.4% |
| EMLP First Trust North American E | 0.57% | 13,282 | $498K | Reduce -93.8% |
| UNH Unitedhealth Group Inc. | 0.49% | 820 | $430K | Add +4.2% |
| LTPZ PIMCO 15+ YR US Tips Indx | 0.47% | 7,394 | $405K | Reduce -95.8% |
| INDA iShares MSCI India ETF | 0.44% | 7,426 | $382K | No change |
| IGF iShares Global Infrastructur | 0.43% | 6,808 | $372K | Reduce -91.5% |
| EW Edwards Lifesciences Corp. | 0.41% | 4,971 | $360K | Add +54.1% |
| SSO Proshares Ultra S&P500 | 0.38% | 4,042 | $335K | No change |
| TIP iShares Tips Bond ETF | 0.38% | 2,974 | $330K | Reduce -94.8% |
| MDT Medtronic PLC | 0.31% | 3,001 | $270K | Reduce -2.5% |
| UWM Proshares Ultra RUSSELL2000 | 0.30% | 7,887 | $264K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 524 | $262K | Add +26.9% |
| PM Philip Morris International | 0.26% | 1,401 | $222K | New |
| IEI iShares 3-7 Year Treasury Bo | 0.25% | 1,851 | $219K | Reduce -92.2% |
| PFE Pfizer Inc. | 0.25% | 8,651 | $219K | Reduce -42.0% |
| LEGN Legend Biotech Corp.-ADR | 0.25% | 6,429 | $219K | New |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 0.25% | 6,120 | $216K | Reduce -97.3% |
| IEF iShares 7-10 Year Treasury B | 0.24% | 2,196 | $209K | Reduce -88.5% |
| INCY Incyte Corp. | 0.23% | 3,370 | $204K | Reduce -30.5% |
| BKLN Invesco Senior Loan ETF | 0.23% | 9,786 | $203K | Reduce -96.8% |
| ZURA Zura Bio Ltd. | 0.16% | 108,308 | $140K | Add +101.6% |
| MREO Mereo Biopharma Group PL-ADR | 0.12% | 47,630 | $107K | Add +37.0% |
| GERN Geron Corp. | 0.12% | 62,973 | $100K | Add +231.0% |
| COGT Cogent Biosciences Inc. | 0.10% | 14,015 | $83K | Add +1.9% |
| IMTX Immatics NV | 0.08% | 15,971 | $72K | Add +0.4% |
| ITOS Iteos Therapeutics Inc. | 0.08% | 11,061 | $66K | No change |
| CTMX Cytomx Therapeutics Inc. | 0.07% | 100,070 | $63K | Add +55.7% |
| ANNX Annexon Inc. | 0.06% | 28,591 | $55K | Add +74.0% |
| NKTX Nkarta Inc. | 0.06% | 29,191 | $54K | Reduce -2.9% |
Portfolio Sells Q4 2024 → Q1 2025
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −7.26 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −6.10 |
| AOK iShares Core 30/70 Conservat | Sold out | 0.00% | −6.02 |
| LTPZ PIMCO 15+ YR US Tips Indx | Reduce -95.8% | 0.47% | −3.77 |
| WIP State Street SPDR Ftse Inter | Sold out | 0.00% | −3.66 |
| VNQI Vanguard GLBL Ex-US Real Est | Sold out | 0.00% | −3.66 |
| EDV Vanguard Extended Dur Treas | Sold out | 0.00% | −3.46 |
| DJP Ipath Bloomberg Commodity Inc. | Reduce -97.3% | 0.25% | −3.09 |
| MBB iShares MBS ETF | Sold out | 0.00% | −3.09 |
| EMLP First Trust North American E | Reduce -93.8% | 0.57% | −3.01 |
| BKLN Invesco Senior Loan ETF | Reduce -96.8% | 0.23% | −2.75 |
| TIP iShares Tips Bond ETF | Reduce -94.8% | 0.38% | −2.46 |
| FLRN SS SPDR BB Ig Float RT ETF | Sold out | 0.00% | −2.29 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −1.80 |
| IGF iShares Global Infrastructur | Reduce -91.5% | 0.43% | −1.51 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −1.16 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -92.2% | 0.25% | −1.02 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.63 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.59 |
| IEF iShares 7-10 Year Treasury B | Reduce -88.5% | 0.24% | −0.58 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.57 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.25 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.24 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.23 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.14 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.12 |
| RPAR Rpar Risk Parity ETF | Sold out | 0.00% | −0.10 |
| BSCU Invesco Bulletshares 2030 CB | Sold out | 0.00% | −0.08 |
| KRON Kronos Bio Inc. | Sold out | 0.00% | −0.04 |
| NKTX Nkarta Inc. | Reduce -2.9% | 0.06% | +0.03 |
| PFE Pfizer Inc. | Reduce -42.0% | 0.25% | +0.07 |
| INCY Incyte Corp. | Reduce -30.5% | 0.23% | +0.08 |
| MDT Medtronic PLC | Reduce -2.5% | 0.31% | +0.20 |
| IVV iShares Core S&P 500 ETF | Reduce -0.7% | 2.96% | +1.70 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.1% | 4.88% | +3.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -13.1% | 25.85% | +14.15 |
Portfolio Buys Q4 2024 → Q1 2025
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +64.1% | 10.73% | +7.95 |
| MTUM iShares MSCI USA Momentum Fa | Add +7.3% | 9.71% | +5.96 |
| VWO Vanguard Ftse Emerging Marke | Add +5.7% | 8.17% | +5.13 |
| HDV iShares Core High Dividend E | Add +25.2% | 6.01% | +4.21 |
| VEA Vanguard Ftse Developed ETF | Add +0.5% | 6.39% | +3.97 |
| DBEF Xtrackers MSCI Eafe Hedged E | Add +8.6% | 5.34% | +3.44 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +9.0% | 2.85% | +1.81 |
| HEEM iShares Crncy Hedgd MSCI Em | Add +1.9% | 2.07% | +1.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 1.76% | +1.02 |
| NVDA Nvidia Corp. | Add +0.2% | 1.87% | +0.93 |
| EES Wisdomtree US Smallcap Fund | Add +1.3% | 1.46% | +0.82 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.4% | 1.09% | +0.61 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 0.95% | +0.58 |
| DE Deere & Co. | Add +0.4% | 0.61% | +0.39 |
| UNH Unitedhealth Group Inc. | Add +4.2% | 0.49% | +0.31 |
| EW Edwards Lifesciences Corp. | Add +54.1% | 0.41% | +0.30 |
| PM Philip Morris International | New | 0.26% | +0.26 |
| LEGN Legend Biotech Corp.-ADR | New | 0.25% | +0.25 |
| TMO Thermo Fisher Scientific Inc. | Add +26.9% | 0.30% | +0.20 |
| ZURA Zura Bio Ltd. | Add +101.6% | 0.16% | +0.10 |
| GERN Geron Corp. | Add +231.0% | 0.12% | +0.08 |
| MREO Mereo Biopharma Group PL-ADR | Add +37.0% | 0.12% | +0.07 |
| COGT Cogent Biosciences Inc. | Add +1.9% | 0.10% | +0.05 |
| CTMX Cytomx Therapeutics Inc. | Add +55.7% | 0.07% | +0.04 |
| IMTX Immatics NV | Add +0.4% | 0.08% | +0.03 |
| ANNX Annexon Inc. | Add +74.0% | 0.06% | +0.02 |
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 |