ALM First Financial Advisors, LLC
Long book
$557.5M
Q1 2026
Positions
25
Top-10 weight
80%
concentration
Last quarter
+6.0%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsALM First Financial Advisors, LLC is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $557.5M US long book across 25 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, CAMBRIA TRINITY ETF, CAMBRIA GLOBAL MOMENTUM ETF, VANGUARD TOTAL BOND MARKET, CAMBRIA VALUE & MOMENTUM ETF.
Over the last 9 quarters its long book ran on average 1.2pp 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
+0.1%
Q2 2024
+5.2%
Q3 2024
-1.5%
Q4 2024
+0.3%
Q1 2025
+6.4%
Q2 2025
+7.2%
Q3 2025
+3.4%
Q4 2025
+2.6%
Q1 2026
+6.0%
Sector allocation
Technology 64%
Utilities 19%
Other 18%
Long book by quarter
What does ALM First own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 25 | $557.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 25 | $504.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 23 | $495.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 23 | $462.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 23 | $437.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 27 | $423.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 23 | $403.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Sep 20, 2024 | 22 | $347.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 16 | $252.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Sep 20, 2024 | 22 | $361.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 16 | $256.0M | canonical | SEC ↗ |