Forefront Analytics, LLC — 13F Filings Deep Dive

Momentum followerSector-focusedQuality / disciplined sizing

Total reported value

$110.0M

Reporting period: 2026-03-31 · Number of holdings: 39

Forefront Analytics, LLC disclosed 39 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $110.0M and a quarterly turnover rate of 29.4%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 43.64
Portfolio Stability: 29.44
Momentum/Contrarian: 100
Sector conviction: 92.6
Diversification: 78
Sizing Uniformity: 81.72

Recent moves

Trim MTUM
-52.2%　-$6.9M
Add ESGD
+20.5%　$4.2M
Trim VEA
-61.6%　-$4.7M
Add ESGG
+92.4%　$4.1M
Add NULV
+38.4%　$2.5M
Add ESGE
+1.6%　$733.2K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ESGD	Ishares Trust Ishares Esg Aw	ETF-Other	22.13%	+4.40%	+20.47%
2	ESGE	Ishares INC Ishares Esg Awar	ETF-Other	15.28%	+1.10%	+1.57%
3	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	8.86%	+0.26%	-0.52%
4	HDV	Ishares Core High Dividend E	ETF-Other	8.40%	+0.96%	-1.76%
5	NULV	Nuveen Esg Large-cap Val ETF	ETF-Other	8.10%	+2.48%	+38.39%
6	ESGG	Flexshares Stoxx Global Esg	ETF-Other	8.04%	+3.87%	+92.35%
7	DBEF	Xtrackers Msci Eafe Hedged E	ETF-Other	5.70%	+0.27%	-0.75%
8	MTUM	Ishares Msci USA Momentum Fa	ETF-Other	5.29%	-5.90%	-52.15%
9	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.76%	-4.04%	-61.60%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.66%	-0.19%	-4.95%
11	NVDA	Nvidia CORP	Stock-Tech	2.26%	-0.04%	+1.90%
12	HEEM	Ishares Crncy Hedgd Msci Em	ETF-Other	1.97%	+0.12%	-2.71%
13	JPM	Jpmorgan Chase & Co	Stock-Financials	1.33%	+0.38%	+48.64%
14	DE	Deere & Co	Stock-Industrials	0.58%	+0.11%	+0.26%
15	UNH	Unitedhealth Group INC	Stock-Healthcare	0.49%	+0.07%	+36.57%
16	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.48%	+0.02%	+7.54%
17	ABT	Abbott Laboratories	Stock-Healthcare	0.47%	+0.05%	+34.27%
18	EES	Wisdomtree US Smallcap Fund	ETF-Other	0.43%	-0.46%	-53.65%
19	SCHD	Schwab US Dvd Equity ETF	ETF-Other	0.42%	+0.42%	NEW
20	MDT	Medtronic plc	Stock-Healthcare	0.42%	+0.06%	+24.28%
21	SSO	Proshares Ultra S&p500	ETF-Other	0.39%	-0.03%	+0.22%
22	INCY	Incyte CORP	Stock-Healthcare	0.36%	-0.09%	-18.56%
23	UWM	Proshares Ultra Russell2000	ETF-Other	0.34%	+0.01%	+0.16%
24	PFE	Pfizer INC	Stock-Healthcare	0.33%	-0.09%	-31.48%
25	OTF	Blue Owl Technology Finance	Stock-Other	0.33%	+0.33%	NEW
26	REGN	Regeneron Pharmaceuticals	Stock-Healthcare	0.32%	+0.03%	+7.73%
27	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.26%	-0.04%	-1.19%
28	LEGN	Legend Biotech Corp-adr	Stock-Other	0.26%	+0.26%	NEW
29	VTV	Vanguard Value ETF	ETF-Other	0.24%	-0.34%	-61.99%
30	DHR	Danaher CORP	Stock-Healthcare	0.22%	+0.04%	+40.77%
31	PM	Philip Morris International	Stock-Consumer Staples	0.22%	+0.02%	+0.90%
32	DFSV	Dimensional US Small Cap Val	ETF-Small Cap	0.20%	+0.20%	NEW
33	NKTX	Nkarta INC	Stock-Other	0.08%	+0.01%	+7.70%
34	✓	Zura Bio LTD	Stock-Other	0.08%	-0.01%	-23.89%
35	GERN	Geron CORP	Stock-Other	0.07%	+0.01%	+7.41%
36	ANNX	Annexon INC	Stock-Other	0.07%	+0.01%	+7.67%
37	BCYC	Bicycle Therapeutics Plc-adr	Stock-Other	0.06%	-0.02%	+7.65%
38	CTMX	Cytomx Therapeutics INC	Stock-Other	0.05%	-0.02%	-33.28%
39	MREO	Mereo Biopharma Group Pl-adr	Stock-Other	0.04%	+0.03%	+302.22%

Portfolio Performance

Performance for Q3 2026

+3.9%

Performance Last 4 Quarters

+23.6%

Based on 72% of reported portfolio value with available pricing

Stdev: +10.7%
Beta: +0.71
Alpha: +1.9%
Max Drawdown: -6.4%
Annualized Perf: +15.5%
Batting Avg vs S&P: +38.9%
Sortino: +2.67
Stutzer: +0.41
Treynor: +0.21
Sterling: +1.01
Calmar: +2.43
Information Ratio: -0.52
Tracking Error: +6.5%
Stdev Down: +5.6%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +29.6%
Worst 12 Months: +7.7%
Efficiency Ratio: +0.55
Sharpe: +1.41
Stdev Sectors: +14.7%
Skewness: -0.16
Kurtosis: +0.18
Upside Potential: +4.26

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	39	$110.0M	29	1ESGD 2ESGE 3VWO Top holdings2026-03-31 1.ESGD 2.ESGE 3.VWO 4.HDV 5.NULV 6.ESGG 7.DBEF 8.MTUM 9.VEA 10.IVV
2025-12-31	47	$113.3M	39	1ESGD 2ESGE 3MTUM Top holdings2025-12-31 1.ESGD 2.ESGE 3.MTUM 4.VWO 5.HDV 6.VEA 7.NULV 8.DBEF 9.ESGG 10.IVV
2025-09-30	46	$103.8M	68	1ESGD 2NULV 3MTUM Top holdings2025-09-30 1.ESGD 2.NULV 3.MTUM 4.ESGE 5.VWO 6.VEA 7.DBEF 8.HDV 9.ESGG 10.USMV
2025-06-30	47	$89.5M	0	1NULV 2MTUM 3VWO Top holdings2025-06-30 1.NULV 2.MTUM 3.VWO 4.ESGD 5.VEA 6.DBEF 7.ESGE 8.HDV 9.USMV 10.VTV
2025-03-31	72	$86.9M	100	1NULV 2SPYX 3MTUM Top holdings2025-03-31 1.NULV 2.SPYX 3.MTUM 4.VWO 5.VEA 6.HDV 7.DBEF 8.USMV 9.IVV 10.VTV
2024-12-31	113	$215.0M	0	1NULV 2BNDX 3EMB Top holdings2024-12-31 1.NULV 2.BNDX 3.EMB 4.AOK 5.LTPZ 6.MTUM 7.WIP 8.VNQI 9.EMLP 10.EDV
2024-09-30	114	$212.0M	0	1NULV 2VWO 3SPY Top holdings2024-09-30 1.NULV 2.VWO 3.SPY 4.LTPZ 5.BNDX 6.VEA 7.ESGG 8.EMLP 9.DJP 10.MTUM
2024-06-30	114	$208.9M	0	1NULV 2VWO 3SPY Top holdings2024-06-30 1.NULV 2.VWO 3.SPY 4.LTPZ 5.BNDX 6.VEA 7.ESGG 8.DBEF 9.DJP 10.EMLP
2024-03-31	113	$206.2M	0	1ESGD 2NULV 3VWO Top holdings2024-03-31 1.ESGD 2.NULV 3.VWO 4.SPY 5.LTPZ 6.BNDX 7.VEA 8.ESGG 9.DJP 10.EMLP
2023-12-31	112	$202.6M	0	1ESGD 2VWO 3LTPZ Top holdings2023-12-31 1.ESGD 2.VWO 3.LTPZ 4.SPY 5.BNDX 6.ESGG 7.VEA 8.DJP 9.EDV 10.EMLP
2023-09-30	67	$176.3M	0	1ESGD 2VWO 3VEA Top holdings2023-09-30 1.ESGD 2.VWO 3.VEA 4.MTUM 5.SPY 6.LTPZ 7.ESGG 8.IGF 9.HDV 10.DBEF
2023-06-30	115	$175.3M	0	1ESGD 2VWO 3MTUM Top holdings2023-06-30 1.ESGD 2.VWO 3.MTUM 4.VEA 5.LTPZ 6.SPY 7.IGF 8.DBEF 9.HDV 10.WIP
2023-03-31	138	$194.0M	0	1ESGD 2VWO 3MTUM Top holdings2023-03-31 1.ESGD 2.VWO 3.MTUM 4.VEA 5.LTPZ 6.IGF 7.SPY 8.DBEF 9.HDV 10.EMLP
2022-12-31	130	$187.7M	0	1NULV 2MTUM 3VWO Top holdings2022-12-31 1.NULV 2.MTUM 3.VWO 4.VEA 5.LTPZ 6.IGF 7.HDV 8.SPY 9.DBEF 10.EMLP
2022-09-30	115	$187.8M	0	1NULV 2MTUM 3LTPZ Top holdings2022-09-30 1.NULV 2.MTUM 3.LTPZ 4.VWO 5.VEA 6.IGF 7.HDV 8.DBEF 9.HEEM 10.SPY
2022-06-30	114	$206.4M	0	1NULV 2MTUM 3LTPZ Top holdings2022-06-30 1.NULV 2.MTUM 3.LTPZ 4.VWO 5.VEA 6.IGF 7.HDV 8.HEEM 9.DBEF 10.EDV
2022-03-31	119	$269.3M	0	1MTUM 2LTPZ 3IGF Top holdings2022-03-31 1.MTUM 2.LTPZ 3.IGF 4.VEA 5.DBEF 6.VWO 7.HEEM 8.HDV 9.VNQ 10.EMLP
2021-12-31	109	$298.9M	0	1MTUM 2LTPZ 3CGW Top holdings2021-12-31 1.MTUM 2.LTPZ 3.CGW 4.VEA 5.HEEM 6.VWO 7.DBEF 8.IGF 9.HDV 10.VNQ
2021-09-30	118	$274.3M	0	1CGW 2MTUM 3DBEF Top holdings2021-09-30 1.CGW 2.MTUM 3.DBEF 4.EMLP 5.SPY 6.HDV 7.LTPZ 8.EMB 9.IVV 10.HEEM
2021-06-30	113	$252.2M	100	1MTUM 2EMLP 3DBEF Top holdings2021-06-30 1.MTUM 2.EMLP 3.DBEF 4.SPY 5.HDV 6.EMB 7.LTPZ 8.IVV 9.HEEM 10.VEA
2021-03-31	114	$234.7M	12	1MTUM 2EMLP 3DBEF Top holdings2021-03-31 1.MTUM 2.EMLP 3.DBEF 4.SPY 5.HDV 6.EMB 7.IVV 8.HEEM 9.LTPZ 10.VEA
2020-12-31	109	$230.2M	13	1MTUM 2EMB 3EMLP Top holdings2020-12-31 1.MTUM 2.EMB 3.EMLP 4.DBEF 5.SPY 6.HDV 7.LTPZ 8.IVV 9.HEEM 10.VEA
2020-09-30	98	$214.2M	29	1MTUM 2EMB 3DBEF Top holdings2020-09-30 1.MTUM 2.EMB 3.DBEF 4.LTPZ 5.EMLP 6.HDV 7.IEF 8.SPY 9.HEEM 10.EDV
2020-06-30	92	$163.1M	31	1LTPZ 2EDV 3HDV Top holdings2020-06-30 1.LTPZ 2.EDV 3.HDV 4.HEEM 5.MTUM 6.EMB 7.DBEF 8.EMLP 9.IEF 10.SPY
2020-03-31	179	$125.2M	75	1EDV 2LTPZ 3HDV Top holdings2020-03-31 1.EDV 2.LTPZ 3.HDV 4.MTUM 5.HEEM 6.EMB 7.DBEF 8.EMLP 9.IEF 10.SPY
2019-12-31	77	$257.3M	7	1HDV 2HEEM 3DBEF Top holdings2019-12-31 1.HDV 2.HEEM 3.DBEF 4.EMLP 5.LTPZ 6.MTUM 7.EDV 8.SPY 9.EMB 10.IVV
2019-09-30	76	$242.6M	29	1HDV 2LTPZ 3EDV Top holdings2019-09-30 1.HDV 2.LTPZ 3.EDV 4.EMLP 5.MTUM 6.DBEF 7.HEEM 8.EMB 9.SPY 10.IGF
2019-06-30	69	$234.8M	45	1HDV 2LTPZ 3EMLP Top holdings2019-06-30 1.HDV 2.LTPZ 3.EMLP 4.IEI 5.EDV 6.IGF 7.TIP 8.EMB 9.WIP 10.BNDX
2019-03-31	69	$157.0M	17	1EMB 2IEF 3LTPZ Top holdings2019-03-31 1.EMB 2.IEF 3.LTPZ 4.IGF 5.HDV 6.EDV 7.VNQ 8.TIP 9.SPY 10.IEI
2018-12-31	73	$180.5M	89	1EMB 2IVV 3HDV Top holdings2018-12-31 1.EMB 2.IVV 3.HDV 4.EDV 5.LTPZ 6.SPY 7.IGF 8.IEF 9.MTUM 10.BNDX
2018-09-30	78	$220.1M	10	1SPY 2IVV 3VNQ Top holdings2018-09-30 1.SPY 2.IVV 3.VNQ 4.92203j 5.FIW 6.EMB 7.EDV 8.DSI 9.VEA 10.DBEF
2018-06-30	79	$214.9M	59	1FIW 2SPY 3VNQ Top holdings2018-06-30 1.FIW 2.SPY 3.VNQ 4.92203j 5.IVV 6.EDV 7.EMB 8.VEA 9.06738c 10.WIP
2018-03-31	87	$178.5M	67	1SPY 2FIW 3VNQ Top holdings2018-03-31 1.SPY 2.FIW 3.VNQ 4.VEA 5.BNDX 6.EMB 7.IVV 8.WIP 9.DJP 10.DBEF
2017-12-31	79	$167.9M	—	1SPY 2VEA 3VNQ Top holdings2017-12-31 1.SPY 2.VEA 3.VNQ 4.IVV 5.18383Q 6.DBEF 7.EMB 8.06738c 9.46434g 10.92203j

Holding changes this quarter

Forefront Analytics, LLC's most significant position changes for 2026-03-31: Sold out: Ishares Core 30/70 Conservat (AOK); Sold out: First Trust North American E (EMLP); Sold out: Ishares 3-7 Year Treasury Bo (IEI); New buy: Schwab US Dvd Equity ETF (SCHD); New buy: Blue Owl Technology Finance (OTF).

Position changes disclosed by Forefront Analytics, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ESGD	Ishares Trust Ishares Esg Aw	+4.4%	+20.47%	Add
2	ESGG	Flexshares Stoxx Global Esg	+3.9%	+92.35%	Add
3	NULV	Nuveen Esg Large-cap Val ETF	+2.5%	+38.39%	Add
4	ESGE	Ishares INC Ishares Esg Awar	+1.1%	+1.57%	Add
5	HDV	Ishares Core High Dividend E	+1%	-1.76%	Trim
6	JPM	Jpmorgan Chase & Co	+0.4%	+48.64%	Add
7	DBEF	Xtrackers Msci Eafe Hedged E	+0.3%	-0.75%	Trim
8	VWO	Vanguard Ftse Emerging Marke	+0.3%	-0.52%	Trim
9	HEEM	Ishares Crncy Hedgd Msci Em	+0.1%	-2.71%	Trim
10	DE	Deere & Co	+0.1%	+0.26%	Add
11	UNH	Unitedhealth Group INC	+0.1%	+36.57%	Add
12	MDT	Medtronic plc	+0.1%	+24.28%	Add
13	ABT	Abbott Laboratories	+0.1%	+34.27%	Add
14	DHR	Danaher CORP	0%	+40.77%	Add
15	MREO	Mereo Biopharma Group Pl-adr	0%	+302.22%	Add
16	REGN	Regeneron Pharmaceuticals	0%	+7.73%	Add
17	PM	Philip Morris International	0%	+0.90%	Add
18	EW	Edwards Lifesciences CORP	0%	+7.54%	Add
19	NKTX	Nkarta INC	0%	+7.70%	Add
20	GERN	Geron CORP	0%	+7.41%	Add
21	ANNX	Annexon INC	0%	+7.67%	Add
22	UWM	Proshares Ultra Russell2000	0%	+0.16%	Add
23	✓	Zura Bio LTD	0%	-23.89%	Trim
24	BCYC	Bicycle Therapeutics Plc-adr	0%	+7.65%	Add
25	CTMX	Cytomx Therapeutics INC	0%	-33.28%	Trim
26	SSO	Proshares Ultra S&p500	0%	+0.22%	Add
27	NVDA	Nvidia CORP	0%	+1.90%	Add
28	TMO	Thermo Fisher Scientific INC	0%	-1.19%	Trim
29	INCY	Incyte CORP	-0.1%	-18.56%	Trim
30	PFE	Pfizer INC	-0.1%	-31.48%	Trim
31	IVV	Ishares Core S&p 500 ETF	-0.2%	-4.95%	Trim
32	VTV	Vanguard Value ETF	-0.3%	-61.99%	Trim
33	EES	Wisdomtree US Smallcap Fund	-0.5%	-53.65%	Trim
34	VEA	Vanguard Ftse Developed ETF	-4%	-61.60%	Trim
35	MTUM	Ishares Msci USA Momentum Fa	-5.9%	-52.15%	Trim
36	AOK	Ishares Core 30/70 Conservat	—	EXIT	Sold out
37	EMLP	First Trust North American E	—	EXIT	Sold out
38	IEI	Ishares 3-7 Year Treasury Bo	—	EXIT	Sold out
39	SCHD	Schwab US Dvd Equity ETF	—	NEW	New buy
40	OTF	Blue Owl Technology Finance	—	NEW	New buy
41	LEGN	Legend Biotech Corp-adr	—	NEW	New buy
42	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	EXIT	Sold out
43	TIP	Ishares Tips Bond ETF	—	EXIT	Sold out
44	IGF	Ishares Global Infrastructur	—	EXIT	Sold out
45	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	—	EXIT	Sold out
46	DFSV	Dimensional US Small Cap Val	—	NEW	New buy
47	MIRM	Mirum Pharmaceuticals INC	—	EXIT	Sold out

FAQ

What is Forefront Analytics, LLC and what type of investor is it?

Forefront Analytics, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $110.0M, spread across 39 disclosed positions.

What are Forefront Analytics, LLC's largest equity positions?

Based on the latest 13F filing, Forefront Analytics, LLC's top holdings by market value are: 1. Ishares Trust Ishares Esg Aw (ESGD) — $24.3M (22.1%) 2. Ishares INC Ishares Esg Awar (ESGE) — $16.8M (15.3%) 3. Vanguard Ftse Emerging Marke (VWO) — $9.7M (8.9%) 4. Ishares Core High Dividend E (HDV) — $9.2M (8.4%) 5. Nuveen Esg Large-cap Val ETF (NULV) — $8.9M (8.1%)

What changes did Forefront Analytics, LLC make in its most recent portfolio filing?

In the latest reported quarter, Forefront Analytics, LLC made 47 notable position adjustments: 4 new positions were initiated, 21 existing holdings were added to, 14 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Ishares Core 30/70 Conservat (AOK); Sold out: First Trust North American E (EMLP); Sold out: Ishares 3-7 Year Treasury Bo (IEI); New buy: Schwab US Dvd Equity ETF (SCHD); New buy: Blue Owl Technology Finance (OTF)

What sectors does Forefront Analytics, LLC focus on?

Forefront Analytics, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 43.3% • Information Technology: 29.1% • Financials: 17.2% • Industrials: 7.5% • Consumer Staples: 2.8%

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Forefront Analytics, LLC — 13F Filings Deep Dive

Momentum followerSector-focusedQuality / disciplined sizing

Total reported value

$110.0M

Reporting period: 2026-03-31 · Number of holdings: 39

Forefront Analytics, LLC disclosed 39 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $110.0M and a quarterly turnover rate of 29.4%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 43.64
Portfolio Stability: 29.44
Momentum/Contrarian: 100
Sector conviction: 92.6
Diversification: 78
Sizing Uniformity: 81.72

Recent moves

Trim MTUM
-52.2%　-$6.9M
Add ESGD
+20.5%　$4.2M
Trim VEA
-61.6%　-$4.7M
Add ESGG
+92.4%　$4.1M
Add NULV
+38.4%　$2.5M
Add ESGE
+1.6%　$733.2K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ESGD	Ishares Trust Ishares Esg Aw	ETF-Other	22.13%	+4.40%	+20.47%
2	ESGE	Ishares INC Ishares Esg Awar	ETF-Other	15.28%	+1.10%	+1.57%
3	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	8.86%	+0.26%	-0.52%
4	HDV	Ishares Core High Dividend E	ETF-Other	8.40%	+0.96%	-1.76%
5	NULV	Nuveen Esg Large-cap Val ETF	ETF-Other	8.10%	+2.48%	+38.39%
6	ESGG	Flexshares Stoxx Global Esg	ETF-Other	8.04%	+3.87%	+92.35%
7	DBEF	Xtrackers Msci Eafe Hedged E	ETF-Other	5.70%	+0.27%	-0.75%
8	MTUM	Ishares Msci USA Momentum Fa	ETF-Other	5.29%	-5.90%	-52.15%
9	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.76%	-4.04%	-61.60%
10	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.66%	-0.19%	-4.95%
11	NVDA	Nvidia CORP	Stock-Tech	2.26%	-0.04%	+1.90%
12	HEEM	Ishares Crncy Hedgd Msci Em	ETF-Other	1.97%	+0.12%	-2.71%
13	JPM	Jpmorgan Chase & Co	Stock-Financials	1.33%	+0.38%	+48.64%
14	DE	Deere & Co	Stock-Industrials	0.58%	+0.11%	+0.26%
15	UNH	Unitedhealth Group INC	Stock-Healthcare	0.49%	+0.07%	+36.57%
16	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.48%	+0.02%	+7.54%
17	ABT	Abbott Laboratories	Stock-Healthcare	0.47%	+0.05%	+34.27%
18	EES	Wisdomtree US Smallcap Fund	ETF-Other	0.43%	-0.46%	-53.65%
19	SCHD	Schwab US Dvd Equity ETF	ETF-Other	0.42%	+0.42%	NEW
20	MDT	Medtronic plc	Stock-Healthcare	0.42%	+0.06%	+24.28%
21	SSO	Proshares Ultra S&p500	ETF-Other	0.39%	-0.03%	+0.22%
22	INCY	Incyte CORP	Stock-Healthcare	0.36%	-0.09%	-18.56%
23	UWM	Proshares Ultra Russell2000	ETF-Other	0.34%	+0.01%	+0.16%
24	PFE	Pfizer INC	Stock-Healthcare	0.33%	-0.09%	-31.48%
25	OTF	Blue Owl Technology Finance	Stock-Other	0.33%	+0.33%	NEW
26	REGN	Regeneron Pharmaceuticals	Stock-Healthcare	0.32%	+0.03%	+7.73%
27	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.26%	-0.04%	-1.19%
28	LEGN	Legend Biotech Corp-adr	Stock-Other	0.26%	+0.26%	NEW
29	VTV	Vanguard Value ETF	ETF-Other	0.24%	-0.34%	-61.99%
30	DHR	Danaher CORP	Stock-Healthcare	0.22%	+0.04%	+40.77%
31	PM	Philip Morris International	Stock-Consumer Staples	0.22%	+0.02%	+0.90%
32	DFSV	Dimensional US Small Cap Val	ETF-Small Cap	0.20%	+0.20%	NEW
33	NKTX	Nkarta INC	Stock-Other	0.08%	+0.01%	+7.70%
34	✓	Zura Bio LTD	Stock-Other	0.08%	-0.01%	-23.89%
35	GERN	Geron CORP	Stock-Other	0.07%	+0.01%	+7.41%
36	ANNX	Annexon INC	Stock-Other	0.07%	+0.01%	+7.67%
37	BCYC	Bicycle Therapeutics Plc-adr	Stock-Other	0.06%	-0.02%	+7.65%
38	CTMX	Cytomx Therapeutics INC	Stock-Other	0.05%	-0.02%	-33.28%
39	MREO	Mereo Biopharma Group Pl-adr	Stock-Other	0.04%	+0.03%	+302.22%

Portfolio Performance

Performance for Q3 2026

+3.9%

Performance Last 4 Quarters

+23.6%

Based on 72% of reported portfolio value with available pricing

Stdev: +10.7%
Beta: +0.71
Alpha: +1.9%
Max Drawdown: -6.4%
Annualized Perf: +15.5%
Batting Avg vs S&P: +38.9%
Sortino: +2.67
Stutzer: +0.41
Treynor: +0.21
Sterling: +1.01
Calmar: +2.43
Information Ratio: -0.52
Tracking Error: +6.5%
Stdev Down: +5.6%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +29.6%
Worst 12 Months: +7.7%
Efficiency Ratio: +0.55
Sharpe: +1.41
Stdev Sectors: +14.7%
Skewness: -0.16
Kurtosis: +0.18
Upside Potential: +4.26

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	39	$110.0M	29	1ESGD 2ESGE 3VWO Top holdings2026-03-31 1.ESGD 2.ESGE 3.VWO 4.HDV 5.NULV 6.ESGG 7.DBEF 8.MTUM 9.VEA 10.IVV
2025-12-31	47	$113.3M	39	1ESGD 2ESGE 3MTUM Top holdings2025-12-31 1.ESGD 2.ESGE 3.MTUM 4.VWO 5.HDV 6.VEA 7.NULV 8.DBEF 9.ESGG 10.IVV
2025-09-30	46	$103.8M	68	1ESGD 2NULV 3MTUM Top holdings2025-09-30 1.ESGD 2.NULV 3.MTUM 4.ESGE 5.VWO 6.VEA 7.DBEF 8.HDV 9.ESGG 10.USMV
2025-06-30	47	$89.5M	0	1NULV 2MTUM 3VWO Top holdings2025-06-30 1.NULV 2.MTUM 3.VWO 4.ESGD 5.VEA 6.DBEF 7.ESGE 8.HDV 9.USMV 10.VTV
2025-03-31	72	$86.9M	100	1NULV 2SPYX 3MTUM Top holdings2025-03-31 1.NULV 2.SPYX 3.MTUM 4.VWO 5.VEA 6.HDV 7.DBEF 8.USMV 9.IVV 10.VTV
2024-12-31	113	$215.0M	0	1NULV 2BNDX 3EMB Top holdings2024-12-31 1.NULV 2.BNDX 3.EMB 4.AOK 5.LTPZ 6.MTUM 7.WIP 8.VNQI 9.EMLP 10.EDV
2024-09-30	114	$212.0M	0	1NULV 2VWO 3SPY Top holdings2024-09-30 1.NULV 2.VWO 3.SPY 4.LTPZ 5.BNDX 6.VEA 7.ESGG 8.EMLP 9.DJP 10.MTUM
2024-06-30	114	$208.9M	0	1NULV 2VWO 3SPY Top holdings2024-06-30 1.NULV 2.VWO 3.SPY 4.LTPZ 5.BNDX 6.VEA 7.ESGG 8.DBEF 9.DJP 10.EMLP
2024-03-31	113	$206.2M	0	1ESGD 2NULV 3VWO Top holdings2024-03-31 1.ESGD 2.NULV 3.VWO 4.SPY 5.LTPZ 6.BNDX 7.VEA 8.ESGG 9.DJP 10.EMLP
2023-12-31	112	$202.6M	0	1ESGD 2VWO 3LTPZ Top holdings2023-12-31 1.ESGD 2.VWO 3.LTPZ 4.SPY 5.BNDX 6.ESGG 7.VEA 8.DJP 9.EDV 10.EMLP
2023-09-30	67	$176.3M	0	1ESGD 2VWO 3VEA Top holdings2023-09-30 1.ESGD 2.VWO 3.VEA 4.MTUM 5.SPY 6.LTPZ 7.ESGG 8.IGF 9.HDV 10.DBEF
2023-06-30	115	$175.3M	0	1ESGD 2VWO 3MTUM Top holdings2023-06-30 1.ESGD 2.VWO 3.MTUM 4.VEA 5.LTPZ 6.SPY 7.IGF 8.DBEF 9.HDV 10.WIP
2023-03-31	138	$194.0M	0	1ESGD 2VWO 3MTUM Top holdings2023-03-31 1.ESGD 2.VWO 3.MTUM 4.VEA 5.LTPZ 6.IGF 7.SPY 8.DBEF 9.HDV 10.EMLP
2022-12-31	130	$187.7M	0	1NULV 2MTUM 3VWO Top holdings2022-12-31 1.NULV 2.MTUM 3.VWO 4.VEA 5.LTPZ 6.IGF 7.HDV 8.SPY 9.DBEF 10.EMLP
2022-09-30	115	$187.8M	0	1NULV 2MTUM 3LTPZ Top holdings2022-09-30 1.NULV 2.MTUM 3.LTPZ 4.VWO 5.VEA 6.IGF 7.HDV 8.DBEF 9.HEEM 10.SPY
2022-06-30	114	$206.4M	0	1NULV 2MTUM 3LTPZ Top holdings2022-06-30 1.NULV 2.MTUM 3.LTPZ 4.VWO 5.VEA 6.IGF 7.HDV 8.HEEM 9.DBEF 10.EDV
2022-03-31	119	$269.3M	0	1MTUM 2LTPZ 3IGF Top holdings2022-03-31 1.MTUM 2.LTPZ 3.IGF 4.VEA 5.DBEF 6.VWO 7.HEEM 8.HDV 9.VNQ 10.EMLP
2021-12-31	109	$298.9M	0	1MTUM 2LTPZ 3CGW Top holdings2021-12-31 1.MTUM 2.LTPZ 3.CGW 4.VEA 5.HEEM 6.VWO 7.DBEF 8.IGF 9.HDV 10.VNQ
2021-09-30	118	$274.3M	0	1CGW 2MTUM 3DBEF Top holdings2021-09-30 1.CGW 2.MTUM 3.DBEF 4.EMLP 5.SPY 6.HDV 7.LTPZ 8.EMB 9.IVV 10.HEEM
2021-06-30	113	$252.2M	100	1MTUM 2EMLP 3DBEF Top holdings2021-06-30 1.MTUM 2.EMLP 3.DBEF 4.SPY 5.HDV 6.EMB 7.LTPZ 8.IVV 9.HEEM 10.VEA
2021-03-31	114	$234.7M	12	1MTUM 2EMLP 3DBEF Top holdings2021-03-31 1.MTUM 2.EMLP 3.DBEF 4.SPY 5.HDV 6.EMB 7.IVV 8.HEEM 9.LTPZ 10.VEA
2020-12-31	109	$230.2M	13	1MTUM 2EMB 3EMLP Top holdings2020-12-31 1.MTUM 2.EMB 3.EMLP 4.DBEF 5.SPY 6.HDV 7.LTPZ 8.IVV 9.HEEM 10.VEA
2020-09-30	98	$214.2M	29	1MTUM 2EMB 3DBEF Top holdings2020-09-30 1.MTUM 2.EMB 3.DBEF 4.LTPZ 5.EMLP 6.HDV 7.IEF 8.SPY 9.HEEM 10.EDV
2020-06-30	92	$163.1M	31	1LTPZ 2EDV 3HDV Top holdings2020-06-30 1.LTPZ 2.EDV 3.HDV 4.HEEM 5.MTUM 6.EMB 7.DBEF 8.EMLP 9.IEF 10.SPY
2020-03-31	179	$125.2M	75	1EDV 2LTPZ 3HDV Top holdings2020-03-31 1.EDV 2.LTPZ 3.HDV 4.MTUM 5.HEEM 6.EMB 7.DBEF 8.EMLP 9.IEF 10.SPY
2019-12-31	77	$257.3M	7	1HDV 2HEEM 3DBEF Top holdings2019-12-31 1.HDV 2.HEEM 3.DBEF 4.EMLP 5.LTPZ 6.MTUM 7.EDV 8.SPY 9.EMB 10.IVV
2019-09-30	76	$242.6M	29	1HDV 2LTPZ 3EDV Top holdings2019-09-30 1.HDV 2.LTPZ 3.EDV 4.EMLP 5.MTUM 6.DBEF 7.HEEM 8.EMB 9.SPY 10.IGF
2019-06-30	69	$234.8M	45	1HDV 2LTPZ 3EMLP Top holdings2019-06-30 1.HDV 2.LTPZ 3.EMLP 4.IEI 5.EDV 6.IGF 7.TIP 8.EMB 9.WIP 10.BNDX
2019-03-31	69	$157.0M	17	1EMB 2IEF 3LTPZ Top holdings2019-03-31 1.EMB 2.IEF 3.LTPZ 4.IGF 5.HDV 6.EDV 7.VNQ 8.TIP 9.SPY 10.IEI
2018-12-31	73	$180.5M	89	1EMB 2IVV 3HDV Top holdings2018-12-31 1.EMB 2.IVV 3.HDV 4.EDV 5.LTPZ 6.SPY 7.IGF 8.IEF 9.MTUM 10.BNDX
2018-09-30	78	$220.1M	10	1SPY 2IVV 3VNQ Top holdings2018-09-30 1.SPY 2.IVV 3.VNQ 4.92203j 5.FIW 6.EMB 7.EDV 8.DSI 9.VEA 10.DBEF
2018-06-30	79	$214.9M	59	1FIW 2SPY 3VNQ Top holdings2018-06-30 1.FIW 2.SPY 3.VNQ 4.92203j 5.IVV 6.EDV 7.EMB 8.VEA 9.06738c 10.WIP
2018-03-31	87	$178.5M	67	1SPY 2FIW 3VNQ Top holdings2018-03-31 1.SPY 2.FIW 3.VNQ 4.VEA 5.BNDX 6.EMB 7.IVV 8.WIP 9.DJP 10.DBEF
2017-12-31	79	$167.9M	—	1SPY 2VEA 3VNQ Top holdings2017-12-31 1.SPY 2.VEA 3.VNQ 4.IVV 5.18383Q 6.DBEF 7.EMB 8.06738c 9.46434g 10.92203j

Holding changes this quarter

Position changes disclosed by Forefront Analytics, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ESGD	Ishares Trust Ishares Esg Aw	+4.4%	+20.47%	Add
2	ESGG	Flexshares Stoxx Global Esg	+3.9%	+92.35%	Add
3	NULV	Nuveen Esg Large-cap Val ETF	+2.5%	+38.39%	Add
4	ESGE	Ishares INC Ishares Esg Awar	+1.1%	+1.57%	Add
5	HDV	Ishares Core High Dividend E	+1%	-1.76%	Trim
6	JPM	Jpmorgan Chase & Co	+0.4%	+48.64%	Add
7	DBEF	Xtrackers Msci Eafe Hedged E	+0.3%	-0.75%	Trim
8	VWO	Vanguard Ftse Emerging Marke	+0.3%	-0.52%	Trim
9	HEEM	Ishares Crncy Hedgd Msci Em	+0.1%	-2.71%	Trim
10	DE	Deere & Co	+0.1%	+0.26%	Add
11	UNH	Unitedhealth Group INC	+0.1%	+36.57%	Add
12	MDT	Medtronic plc	+0.1%	+24.28%	Add
13	ABT	Abbott Laboratories	+0.1%	+34.27%	Add
14	DHR	Danaher CORP	0%	+40.77%	Add
15	MREO	Mereo Biopharma Group Pl-adr	0%	+302.22%	Add
16	REGN	Regeneron Pharmaceuticals	0%	+7.73%	Add
17	PM	Philip Morris International	0%	+0.90%	Add
18	EW	Edwards Lifesciences CORP	0%	+7.54%	Add
19	NKTX	Nkarta INC	0%	+7.70%	Add
20	GERN	Geron CORP	0%	+7.41%	Add
21	ANNX	Annexon INC	0%	+7.67%	Add
22	UWM	Proshares Ultra Russell2000	0%	+0.16%	Add
23	✓	Zura Bio LTD	0%	-23.89%	Trim
24	BCYC	Bicycle Therapeutics Plc-adr	0%	+7.65%	Add
25	CTMX	Cytomx Therapeutics INC	0%	-33.28%	Trim
26	SSO	Proshares Ultra S&p500	0%	+0.22%	Add
27	NVDA	Nvidia CORP	0%	+1.90%	Add
28	TMO	Thermo Fisher Scientific INC	0%	-1.19%	Trim
29	INCY	Incyte CORP	-0.1%	-18.56%	Trim
30	PFE	Pfizer INC	-0.1%	-31.48%	Trim
31	IVV	Ishares Core S&p 500 ETF	-0.2%	-4.95%	Trim
32	VTV	Vanguard Value ETF	-0.3%	-61.99%	Trim
33	EES	Wisdomtree US Smallcap Fund	-0.5%	-53.65%	Trim
34	VEA	Vanguard Ftse Developed ETF	-4%	-61.60%	Trim
35	MTUM	Ishares Msci USA Momentum Fa	-5.9%	-52.15%	Trim
36	AOK	Ishares Core 30/70 Conservat	—	EXIT	Sold out
37	EMLP	First Trust North American E	—	EXIT	Sold out
38	IEI	Ishares 3-7 Year Treasury Bo	—	EXIT	Sold out
39	SCHD	Schwab US Dvd Equity ETF	—	NEW	New buy
40	OTF	Blue Owl Technology Finance	—	NEW	New buy
41	LEGN	Legend Biotech Corp-adr	—	NEW	New buy
42	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	EXIT	Sold out
43	TIP	Ishares Tips Bond ETF	—	EXIT	Sold out
44	IGF	Ishares Global Infrastructur	—	EXIT	Sold out
45	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	—	EXIT	Sold out
46	DFSV	Dimensional US Small Cap Val	—	NEW	New buy
47	MIRM	Mirum Pharmaceuticals INC	—	EXIT	Sold out