First Affirmative Financial Network
Long book
$257.7M
Q1 2026
Positions
325
Top-10 weight
28%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
—
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Affirmative Financial Network is an institutional manager, running a $257.7M US long book across 325 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Current anchor positions: SS SPDR MSCI U GEND DIV ETF, NVIDIA CORP, SS SPDR P ST TERM TSY ETF, APPLE INC, VANGUARD INTERMEDIATE-TERM T.
Over the last 8 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
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
+5.9%
Q3 2024
-1.0%
Q4 2024
-1.8%
Q1 2025
+9.0%
Q2 2025
+6.0%
Q3 2025
+3.2%
Q1 2026
+14.6%
Sector allocation
Technology 42%
Industrials 11%
Healthcare 9%
Financials 9%
Services media 7%
Consumer discretionary 6%
Other 6%
Communications 3%
Long book by quarter
What does First Affirmative own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 54.4K | $9.5M | 3.7% | Held |
| AAPL APPLE INC | Technology | 32.8K | $8.3M | 3.2% | Held |
| MSFT MICROSOFT CORP | Technology | 16.4K | $6.1M | 2.4% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 17.3K | $5.0M | 1.9% | Held |
| GOOG ALPHABET INC-CL C | Technology | 13.5K | $3.9M | 1.5% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 37.2K | $2.9M | 1.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.5K | $2.8M | 1.1% | Held |
| MA MASTERCARD INC - A | Services media | 5.5K | $2.8M | 1.1% | Held |
| AVGO BROADCOM INC | Technology | 8.5K | $2.6M | 1.0% | Held |
| V VISA INC-CLASS A SHARES | Services media | 7.8K | $2.4M | 0.9% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 6.9K | $2.4M | 0.9% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 15.9K | $2.3M | 0.9% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 1.6K | $2.1M | 0.8% | Held |
| NFLX NETFLIX INC | Services media | 20.9K | $2.0M | 0.8% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 6.4K | $1.9M | 0.7% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 7.5K | $1.8M | 0.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.8K | $1.7M | 0.7% | Held |
| AZN ASTRAZENECA PLC | Healthcare | 7.5K | $1.5M | 0.6% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 2.5K | $1.4M | 0.5% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 6.6K | $1.3M | 0.5% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 6.1K | $1.3M | 0.5% | Held |
| MRK MERCK & CO. INC. | Healthcare | 10.6K | $1.3M | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 5.5K | $1.2M | 0.5% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 15.4K | $1.2M | 0.5% | Held |
| SYK STRYKER CORP | Healthcare | 3.5K | $1.2M | 0.4% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.2M | 0.4% | Held |
| ADI ANALOG DEVICES INC | Technology | 3.6K | $1.1M | 0.4% | Held |
| WAB WABTEC CORP | Industrials | 4.4K | $1.1M | 0.4% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 3.2K | $1.1M | 0.4% | Held |
| DHR DANAHER CORP | Technology | 5.6K | $1.1M | 0.4% | Held |
| TSLA TESLA INC | Industrials | 2.7K | $987K | 0.4% | Held |
| CRM SALESFORCE INC | Technology | 5.2K | $965K | 0.4% | Held |
| CME CME GROUP INC | Financials | 3.2K | $939K | 0.4% | Held |
| LIN LINDE PLC | Materials | 1.9K | $935K | 0.4% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.9K | $931K | 0.4% | Held |
| ORCL ORACLE CORP | Technology | 6.2K | $908K | 0.4% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 2.7K | $898K | 0.3% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.9K | $896K | 0.3% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.6K | $872K | 0.3% | Held |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 6.3K | $851K | 0.3% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 4.1K | $833K | 0.3% | Held |
| CB CHUBB LTD | Financials | 2.5K | $812K | 0.3% | Held |
| AMGN AMGEN INC | Healthcare | 2.3K | $810K | 0.3% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 5.0K | $808K | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 5.1K | $793K | 0.3% | Held |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 6.1K | $792K | 0.3% | Held |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.9K | $780K | 0.3% | Held |
| T AT&T INC | Communications | 26.7K | $774K | 0.3% | Held |
| ARCC ARES CAPITAL CORP | — | 42.7K | $769K | 0.3% | Held |
| TU TELUS CORP | Communications | 59.4K | $762K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 11, 2026 | 325 | $257.7M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 8, 2026 | 325 | $257.7M | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 20, 2025 | 296 | $268.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Nov 20, 2025 | 279 | $248.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 269 | $216.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 269 | $230.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 280 | $236.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 10, 2024 | 261 | $195.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 254 | $185.7M | canonical | SEC ↗ |
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