Forefront Analytics, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Forefront Analytics, LLC reported 43 stock positions worth $89.5 million. Its top holding was Nuveen ESG Large-Cap Val ETF (NULV) at 16.2% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 11.0%) and Vanguard Ftse Emerging Marke (VWO, 9.5%). Compared with Q1 2025, it opened 7 new positions, sold out of 9, added to 16 and reduced 19. The biggest buy was a new position in iShares Trust iShares ESG Aw (ESGD) and the biggest sale an exit from SS SPDR S&P 500 Foss FL ETF (SPYX).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001696802
- Portfolio Value
- $89.5M (Q2 2025)
- SEC Filing
- 0001085146-25-005150 ↗ filed Aug 14, 2025
Holdings Value
Holdings 43 stocks · $89.5M
| NULV Nuveen ESG Large-Cap Val ETF | 16.19% | 345,887 | $14.5M | Reduce -37.7% |
| MTUM iShares MSCI USA Momentum Fa | 10.96% | 40,843 | $9.8M | Reduce -2.2% |
| VWO Vanguard Ftse Emerging Marke | 9.50% | 172,044 | $8.5M | Add +9.7% |
| ESGD iShares Trust iShares ESG Aw | 7.24% | 72,693 | $6.5M | New |
| VEA Vanguard Ftse Developed ETF | 7.02% | 110,174 | $6.3M | Add +0.8% |
| DBEF Xtrackers MSCI Eafe Hedged E | 6.20% | 126,874 | $5.6M | Add +18.4% |
| ESGE iShares Inc. iShares ESG Awar | 6.14% | 140,414 | $5.5M | New |
| HDV iShares Core High Dividend E | 5.50% | 41,996 | $4.9M | Reduce -2.6% |
| USMV iShares MSCI USA Min Vol Fac | 4.74% | 45,174 | $4.2M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.24% | 16,391 | $2.9M | Add +14.3% |
| IVV iShares Core S&P 500 ETF | 3.06% | 4,419 | $2.7M | Reduce -3.5% |
| NVDA Nvidia Corp. | 2.62% | 14,852 | $2.3M | Reduce -0.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.52% | 9,503 | $2.3M | Add +123.3% |
| HEEM iShares Crncy Hedgd MSCI Em | 2.15% | 64,057 | $1.9M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.90% | 2,746 | $1.7M | Add +0.3% |
| EES Wisdomtree US Smallcap Fund | 1.17% | 20,571 | $1.0M | Reduce -20.9% |
| JPM JPMorgan Chase & Co. | 1.08% | 3,321 | $963K | Reduce -1.2% |
| EMLP First Trust North American E | 0.80% | 18,970 | $712K | Add +42.8% |
| EDV Vanguard Extended Dur Treas | 0.71% | 9,389 | $632K | New |
| IEI iShares 3-7 Year Treasury Bo | 0.68% | 5,119 | $610K | Add +176.6% |
| DE Deere & Co. | 0.64% | 1,126 | $572K | Add +0.4% |
| INDA iShares MSCI India ETF | 0.46% | 7,426 | $413K | No change |
| SSO Proshares Ultra S&P500 | 0.44% | 4,050 | $396K | Add +0.2% |
| ABT Abbott Laboratories | 0.44% | 2,893 | $394K | New |
| MDT Medtronic PLC | 0.42% | 4,333 | $378K | Add +44.4% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 891 | $361K | Add +70.0% |
| EW Edwards Lifesciences Corp. | 0.39% | 4,445 | $348K | Reduce -10.6% |
| INCY Incyte Corp. | 0.39% | 5,094 | $347K | Add +51.2% |
| PFE Pfizer Inc. | 0.36% | 13,428 | $325K | Add +55.2% |
| UWM Proshares Ultra RUSSELL2000 | 0.33% | 7,907 | $298K | Add +0.3% |
| TIP iShares Tips Bond ETF | 0.30% | 2,452 | $270K | Reduce -17.6% |
| REGN Regeneron Pharmaceuticals | 0.29% | 490 | $257K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.29% | 3,183 | $257K | New |
| PM Philip Morris International | 0.29% | 1,413 | $257K | Add +0.9% |
| IGF iShares Global Infrastructur | 0.26% | 3,905 | $231K | Reduce -42.6% |
| UNH Unitedhealth Group Inc. | 0.26% | 734 | $229K | Reduce -10.5% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.24% | 1,975 | $216K | New |
| ZURA Zura Bio Ltd. | 0.07% | 63,985 | $67K | Reduce -40.9% |
| ANNX Annexon Inc. | 0.07% | 27,575 | $66K | Reduce -3.5% |
| CTMX Cytomx Therapeutics Inc. | 0.07% | 27,698 | $63K | Reduce -72.3% |
| MREO Mereo Biopharma Group PL-ADR | 0.06% | 19,138 | $52K | Reduce -59.8% |
| GERN Geron Corp. | 0.06% | 35,181 | $50K | Reduce -44.1% |
| NKTX Nkarta Inc. | 0.05% | 27,979 | $46K | Reduce -4.2% |
Portfolio Sells Q1 2025 → Q2 2025
| SPYX SS SPDR S&P 500 Foss FL ETF | Sold out | 0.00% | −10.73 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -37.7% | 16.19% | −9.66 |
| HDV iShares Core High Dividend E | Reduce -2.6% | 5.50% | −0.51 |
| LTPZ PIMCO 15+ YR US Tips Indx | Sold out | 0.00% | −0.47 |
| EES Wisdomtree US Smallcap Fund | Reduce -20.9% | 1.17% | −0.29 |
| LEGN Legend Biotech Corp.-ADR | Sold out | 0.00% | −0.25 |
| DJP Ipath Bloomberg Commodity Inc. | Sold out | 0.00% | −0.25 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -10.5% | 0.26% | −0.24 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.23 |
| IGF iShares Global Infrastructur | Reduce -42.6% | 0.26% | −0.17 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.2% | 4.74% | −0.14 |
| COGT Cogent Biosciences Inc. | Sold out | 0.00% | −0.10 |
| ZURA Zura Bio Ltd. | Reduce -40.9% | 0.07% | −0.09 |
| IMTX Immatics NV | Sold out | 0.00% | −0.08 |
| TIP iShares Tips Bond ETF | Reduce -17.6% | 0.30% | −0.08 |
| ITOS Iteos Therapeutics Inc. | Sold out | 0.00% | −0.08 |
| MREO Mereo Biopharma Group PL-ADR | Reduce -59.8% | 0.06% | −0.07 |
| GERN Geron Corp. | Reduce -44.1% | 0.06% | −0.06 |
| EW Edwards Lifesciences Corp. | Reduce -10.6% | 0.39% | −0.03 |
| NKTX Nkarta Inc. | Reduce -4.2% | 0.05% | −0.01 |
| CTMX Cytomx Therapeutics Inc. | Reduce -72.3% | 0.07% | −0.00 |
| ANNX Annexon Inc. | Reduce -3.5% | 0.07% | +0.01 |
| HEEM iShares Crncy Hedgd MSCI Em | Reduce -0.2% | 2.15% | +0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -3.5% | 3.06% | +0.10 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 1.08% | +0.13 |
| NVDA Nvidia Corp. | Reduce -0.9% | 2.62% | +0.75 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -2.2% | 10.96% | +1.25 |
Portfolio Buys Q1 2025 → Q2 2025
| ESGD iShares Trust iShares ESG Aw | New | 7.24% | +7.24 |
| ESGE iShares Inc. iShares ESG Awar | New | 6.14% | +6.14 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +123.3% | 2.52% | +1.43 |
| VWO Vanguard Ftse Emerging Marke | Add +9.7% | 9.50% | +1.34 |
| DBEF Xtrackers MSCI Eafe Hedged E | Add +18.4% | 6.20% | +0.86 |
| EDV Vanguard Extended Dur Treas | New | 0.71% | +0.71 |
| VEA Vanguard Ftse Developed ETF | Add +0.8% | 7.02% | +0.63 |
| ABT Abbott Laboratories | New | 0.44% | +0.44 |
| IEI iShares 3-7 Year Treasury Bo | Add +176.6% | 0.68% | +0.43 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +14.3% | 3.24% | +0.39 |
| REGN Regeneron Pharmaceuticals | New | 0.29% | +0.29 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.29% | +0.29 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.24% | +0.24 |
| EMLP First Trust North American E | Add +42.8% | 0.80% | +0.22 |
| INCY Incyte Corp. | Add +51.2% | 0.39% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 1.90% | +0.13 |
| PFE Pfizer Inc. | Add +55.2% | 0.36% | +0.11 |
| MDT Medtronic PLC | Add +44.4% | 0.42% | +0.11 |
| TMO Thermo Fisher Scientific Inc. | Add +70.0% | 0.40% | +0.10 |
| SSO Proshares Ultra S&P500 | Add +0.2% | 0.44% | +0.06 |
| DE Deere & Co. | Add +0.4% | 0.64% | +0.03 |
| PM Philip Morris International | Add +0.9% | 0.29% | +0.03 |
| UWM Proshares Ultra RUSSELL2000 | Add +0.3% | 0.33% | +0.03 |
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 |