First Affirmative Financial Network

CIK 0001656282 · Q1 2026

13F Equity AUM

$265.6M

+25.0% QoQ

Positions

354

+58 QoQ

AUM Rank

#6,320

Top 51%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #3,564 · Top 43%

vs S&P -6.2%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 17.6%Top 10: 27.5%Top 20: 39.5%

SHE5.3%

NVDA3.6%

SPTS3.2%

AAPL3.1%

VGIT2.5%

MSFT2.3%

TAXF2.2%

GOOGL1.9%

VTES1.8%

VTEB1.7%

Others (344)72.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services36.2%

Technology25.5%

Healthcare8.8%

Communication Services8.3%

Industrials5.3%

Consumer Defensive4.7%

Consumer Cyclical4.0%

Real Estate2.7%

Other4.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 354Median: 0.14%Avg: 0.28%

0–0.5%

321(51.9%)

0.5–1%

16(11.4%)

1–3%

13(21.6%)

3–5%

3(9.9%)

5%+

1(5.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 340Unique: 14vs 20 funds

4.6%Low

354

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

6.4%

BANK OF AMERICA CORP /DE/

6.9%

7.8%

6.4%

9.9%

7.3%

VANGUARD CAPITAL MANAGEMENT LLC

7.1%

GEODE CAPITAL MANAGEMENT, LLC

6.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

7.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New58Increased196Decreased70Exited0

New Positions

AZN0.6%

+7K

UL0.4%

+20K

WF0.2%

+7K

BCE0.1%

+15K

SHG0.1%

+6K

RPRX0.1%

+8K

VRT0.1%

+2K

WPC0.1%

+5K

CHD0.1%

+4K

HPE0.1%

+13K

Increased

TAXF2.2%

+99K(+508%)

VTEB1.7%

+82K(+891%)

VTES1.8%

+45K(+1854%)

CIG0.1%

+44K(+47%)

ABEV0.1%

+37K(+38%)

HLN0.1%

+25K(+163%)

WIT0.1%

+21K(+59%)

NFLX0.8%

+19K(+1334%)

T0.3%

+18K(+45%)

SHE5.3%

+16K(+18%)

Decreased

JSTC1.3%

-30,356(-14%)

ICLN0.1%

-19,305(-59%)

SPTS3.2%

-14,992(-5%)

PVI0.2%

-13,548(-44%)

AXIA0.2%

-9,034(-18%)

DSI1.6%

-8,644(-20%)

CGW0.1%

-5,474(-48%)

HBM0.1%

-3,893(-23%)

PTI0.1%

-3,220(-21%)

BLDP0.0%

-3,106(-12%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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