Highland Financial Advisors, LLC
Long book
$378.7M
Q1 2026
Positions
67
Top-10 weight
73%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsHighland Financial Advisors, LLC is a wealth-management firm allocating client money, running a $378.7M US long book across 67 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: STE STR SPDR PT S&P 500 ETF, INVESCO NASDAQ 100 ETF, AVANTIS U.S. EQUITY ETF, DIMENSIONAL US CORE EQUITY M, VANGUARD RUSSELL 1000 GROWTH.
Over the last 9 quarters its long book ran on average 0.2pp 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
+2.3%
Q2 2024
+5.6%
Q3 2024
+1.5%
Q4 2024
-3.3%
Q1 2025
+11.1%
Q2 2025
+7.9%
Q3 2025
+2.6%
Q4 2025
-2.5%
Q1 2026
+13.0%
Sector allocation
Technology 31%
Consumer staples 22%
Financials 19%
Consumer discretionary 12%
Energy 7%
Healthcare 3%
Industrials 3%
Services media 2%
Long book by quarter
What does Highland Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 7.5K | $1.9M | 0.5% | +7.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 11.2K | $1.8M | 0.5% | New |
| JPM JPMORGAN CHASE & CO | Financials | 4.9K | $1.4M | 0.4% | +4.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.1K | $1.3M | 0.3% | +21.5% |
| MO ALTRIA GROUP INC | Consumer staples | 15.2K | $1.0M | 0.3% | New |
| XOM EXXON MOBIL CORP | Energy | 5.5K | $939K | 0.2% | New |
| MSFT MICROSOFT CORP | Technology | 1.7K | $628K | 0.2% | +28.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.3K | $614K | 0.2% | +25.6% |
| META META PLATFORMS INC-CLASS A | Technology | 858 | $491K | 0.1% | +4.8% |
| NVDA NVIDIA CORP | Technology | 2.5K | $429K | 0.1% | +15.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.7K | $422K | 0.1% | New |
| TSLA TESLA INC | Industrials | 1.1K | $401K | 0.1% | +2.7% |
| GOOG ALPHABET INC-CL C | Technology | 1.3K | $363K | 0.1% | +12.7% |
| V VISA INC-CLASS A SHARES | Services media | 1.0K | $308K | 0.1% | -1.7% |
| GOOGL ALPHABET INC-CL A | Technology | 1.0K | $292K | 0.1% | +50.5% |
| CI THE CIGNA GROUP | Financials | 1.0K | $267K | 0.1% | +0.4% |
| WMT WALMART INC | Consumer discretionary | 2.0K | $247K | 0.1% | New |
| BAC BANK OF AMERICA CORP | Financials | 4.1K | $201K | 0.1% | +4.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 67 | $378.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 66 | $360.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 58 | $348.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 54 | $311.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 53 | $279.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 57 | $288.7M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 52 | $281.4M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 54 | $268.9M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 54 | $249.9M | $K fixed canonical | SEC ↗ |