Affiance Financial, LLC
Long book
$616.6M
Q1 2026
Positions
105
Top-10 weight
72%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsAffiance Financial, LLC is a wealth-management firm allocating client money, running a $616.6M US long book across 105 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, ISHARES CORE U.S. AGGREGATE, VANGUARD TOTAL STOCK MKT ETF, ISHARES CORE MSCI EAFE ETF, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.3%
Q2 2024
+6.5%
Q3 2024
-0.5%
Q4 2024
-1.8%
Q1 2025
+8.3%
Q2 2025
+7.0%
Q3 2025
+2.5%
Q4 2025
-3.5%
Q1 2026
+10.9%
Sector allocation
Technology 46%
Consumer discretionary 15%
Financials 12%
Healthcare 12%
Industrials 8%
Services media 3%
Other 2%
Energy 1%
Long book by quarter
What does Affiance Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 39.0K | $9.9M | 1.6% | -11.0% |
| GOOG ALPHABET INC-CL C | Technology | 14.1K | $4.1M | 0.7% | Held |
| MSFT MICROSOFT CORP | Technology | 10.9K | $4.0M | 0.7% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.1K | $3.6M | 0.6% | +37.4% |
| GOOGL ALPHABET INC-CL A | Technology | 9.5K | $2.7M | 0.4% | -0.8% |
| META META PLATFORMS INC-CLASS A | Technology | 4.6K | $2.6M | 0.4% | Held |
| NVDA NVIDIA CORP | Technology | 14.6K | $2.6M | 0.4% | +1.7% |
| JPM JPMORGAN CHASE & CO | Financials | 8.5K | $2.5M | 0.4% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 18.5K | $2.3M | 0.4% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.4K | $2.1M | 0.3% | +3.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 5.9K | $1.6M | 0.3% | +0.1% |
| MMM 3M CO | Healthcare | 9.5K | $1.4M | 0.2% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.4K | $1.3M | 0.2% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.0K | $1.3M | 0.2% | -10.9% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 3.8K | $1.2M | 0.2% | Held |
| TGT TARGET CORP | Consumer discretionary | 9.3K | $1.1M | 0.2% | -2.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.1K | $997K | 0.2% | +0.9% |
| TSLA TESLA INC | Industrials | 2.3K | $851K | 0.1% | +0.1% |
| PRVA PRIVIA HEALTH GROUP INC | Healthcare | 34.7K | $715K | 0.1% | Held |
| TECH BIO-TECHNE CORP | Healthcare | 13.2K | $690K | 0.1% | -11.0% |
| ORCL ORACLE CORP | Technology | 4.3K | $639K | 0.1% | -1.5% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.7K | $610K | 0.1% | -4.3% |
| ABBV ABBVIE INC | Healthcare | 2.7K | $597K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 938 | $567K | 0.1% | -7.6% |
| ECL ECOLAB INC | Other | 2.1K | $553K | 0.1% | 0.0% |
| NOW SERVICENOW INC | Technology | 5.0K | $522K | 0.1% | Held |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 4.7K | $462K | 0.1% | +0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 461 | $460K | 0.1% | +2.9% |
| NOC NORTHROP GRUMMAN CORP | Technology | 654 | $446K | 0.1% | Held |
| UNP UNION PACIFIC CORP | Industrials | 1.8K | $444K | 0.1% | Held |
| DCI DONALDSON CO INC | Industrials | 5.1K | $429K | 0.1% | -31.0% |
| GIS GENERAL MILLS INC | Consumer staples | 11.4K | $425K | 0.1% | 0.0% |
| NSPR INSPIREMD INC | Healthcare | 250.4K | $408K | 0.1% | Held |
| NFLX NETFLIX INC | Services media | 4.2K | $405K | 0.1% | +5.9% |
| CAT CATERPILLAR INC | Industrials | 555 | $393K | 0.1% | +9.3% |
| GILD GILEAD SCIENCES INC | Healthcare | 2.8K | $387K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 2.3K | $384K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 2.6K | $383K | 0.1% | -0.7% |
| XEL XCEL ENERGY INC | Utilities | 4.6K | $365K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.5K | $311K | 0.1% | +2.3% |
| RTX RTX CORP | Industrials | 1.4K | $261K | 0.0% | Held |
| MDT MEDTRONIC PLC | Healthcare | 3.0K | $258K | 0.0% | Held |
| V VISA INC-CLASS A SHARES | Services media | 837 | $253K | 0.0% | Held |
| NVT NVENT ELECTRIC PLC | Industrials | 2.1K | $251K | 0.0% | -9.8% |
| ABT ABBOTT LABORATORIES | Healthcare | 2.4K | $247K | 0.0% | Held |
| STLD STEEL DYNAMICS INC | Industrials | 1.3K | $239K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 106 | $617.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 105 | $621.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 104 | $549.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 10, 2025 | 104 | $492.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 102 | $429.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 104 | $418.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 100 | $412.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 97 | $383.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 97 | $369.1M | canonical | SEC ↗ |