FA
Financial Alternatives, Inc 13F Holdings (84 Positions, Q2 2026)
Financial Alternatives, IncCIK: 0001967227
Diversified strategyMomentum followerLong-term holder
Total reported value
$202.9M
Reporting period: 2026-06-30 · Number of holdings: 84
Financial Alternatives, Inc disclosed 84 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $202.9M and a quarterly turnover rate of 10.9%.
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Personality snowflake
- Concentration
- 32.35
- Portfolio Stability
- 10.93
- Momentum
- 100
- Sector conviction
- 71.65
- Diversification
- 100
- Sizing Uniformity
- 75.79
Financial Alternatives, Inc's disclosed holdings carry a Herfindahl concentration index of 0.081 — mathematically equivalent to about 12 equally-sized positions, well below its 84 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.42), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 7% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DFAC
+0.2% $4.7M
Trim IAU
+0.9% -$816.0K
Add DFAE
-0.4% $2.0M
Trim JEPI
-2.7% -$226.0K
Trim DFAI
+0.8% $2.2M
Trim VWOB
+3.6% $970.6K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 18.25% | +0.80% | +0.22% | |
| 2 | DFAI | Dimensional International Co | ETF-Other | 17.00% | -0.43% | +0.76% | |
| 3 | VWOB | Vanguard Emerg Mkts Gov Bnd | ETF-Other | 8.36% | -0.26% | +3.62% | |
| 4 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 6.30% | +0.47% | -0.38% | |
| 5 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 3.61% | -0.46% | -2.65% | |
| 6 | VNQ | Vanguard Real Estate ETF | ETF-Other | 3.33% | +0.05% | +2.12% | |
| 7 | IAU | Ishares Gold Trust | ETF-Commodities | 2.55% | -0.68% | +0.86% | |
| 8 | EMB | Ishares Jp Morgan Usd Emergi | ETF-Other | 2.50% | -0.18% | -0.45% | |
| 9 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.47% | — | -5.07% | |
| 10 | VNQI | Vanguard Glbl Ex-us Real Est | ETF-Other | 2.38% | -0.12% | +3.22% | |
| 11 | VUG | Vanguard Growth ETF | ETF-Other | 2.11% | +0.15% | +495.61% | |
| 12 | DFAU | Dimensional US Core Equity M | ETF-Other | 1.75% | +0.08% | -0.12% | |
| 13 | AAPL | Apple Inc | Stock-Tech | 1.67% | +0.16% | +6.51% | |
| 14 | VV | Vanguard Large-cap ETF | ETF-Other | 1.65% | +0.08% | — | |
| 15 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.37% | -0.12% | — | |
| 16 | DFIC | Dimensional International Co | ETF-Other | 1.18% | -0.05% | -0.07% | |
| 17 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 1.09% | +0.07% | -0.68% | |
| 18 | HD | Home Depot Inc | Stock-Consumer Disc | 1.05% | — | +1.63% | |
| 19 | SRE | Sempra | Stock-Utilities | 0.90% | -0.13% | -0.09% | |
| 20 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 0.77% | -0.11% | -17.88% | |
| 21 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 0.74% | +0.03% | — | |
| 22 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 0.74% | +0.08% | — | |
| 23 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.74% | -0.03% | — | |
| 24 | ETJ | Eaton Vance Rsk-mgd Divers | Stock-Other | 0.73% | -0.10% | -4.53% | |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.66% | -0.07% | -5.73% | |
| 26 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.65% | +0.06% | +6.85% | |
| 27 | XOM | Exxon Mobil CORP | Stock-Energy | 0.64% | -0.22% | — | |
| 28 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.62% | -0.01% | -2.34% | |
| 29 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.62% | +0.02% | — | |
| 30 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.61% | -0.02% | -4.44% | |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.60% | -0.07% | -15.19% | |
| 32 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.54% | +0.01% | — | |
| 33 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 0.53% | +0.04% | — | |
| 34 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 0.51% | +0.05% | — | |
| 35 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.44% | +0.02% | — | |
| 36 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 0.43% | -0.01% | — | |
| 37 | APH | Amphenol Corp-cl A | Stock-Tech | 0.42% | +0.09% | — | |
| 38 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 0.40% | +0.02% | — | |
| 39 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.39% | +0.01% | +300.00% | |
| 40 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 0.39% | +0.03% | +0.69% | |
| 41 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.37% | +0.02% | — | |
| 42 | EAGG | Ishares Esg Aware US Aggrega | ETF-Other | 0.34% | +0.07% | +36.65% | |
| 43 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.32% | — | — | |
| 44 | DFAX | Dimensional World Ex US Core | ETF-Other | 0.32% | -0.02% | -4.82% | |
| 45 | NVDA | Nvidia CORP | Stock-Tech | 0.31% | +0.07% | +24.88% | |
| 46 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.31% | +0.02% | +5.28% | |
| 47 | XFOFX | Cohen & Steers Closed-end Op | Stock-Other | 0.30% | — | — | |
| 48 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 0.30% | +0.01% | — | |
| 49 | V | Visa Inc-class A Shares | Stock-Financials | 0.28% | +0.01% | +0.06% | |
| 50 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 0.28% | +0.01% | — |
1–50 of 84
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+17.7%
- Stdev
- +10.7%
- Beta
- +0.76
- Alpha
- +0.8%
- Max Drawdown
- -5.9%
- Annualized Perf
- +16.5%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.84
- Stutzer
- +0.43
- Treynor
- +0.21
- Sterling
- +1.14
- Calmar
- +2.8
- Information Ratio
- -0.78
- Tracking Error
- +5.3%
- Stdev Down
- +5.6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +28.2%
- Worst 12 Months
- +6.7%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.49
- Stdev Sectors
- +11.7%
- Skewness
- -0.29
- Kurtosis
- -0.14
- Upside Potential
- +4.39
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 84 | $202.9M | 11 | ||
| 2026 Q1 | 79 | $185.5M | 22 | ||
| 2025 Q4 | 87 | $172.0M | 7 | ||
| 2025 Q3 | 86 | $165.1M | 17 | ||
| 2025 Q2 | 86 | $153.6M | 0 | ||
| 2025 Q1 | 81 | $140.3M | 0 | ||
| 2024 Q4 | 81 | $141.8M | 0 | ||
| 2024 Q3 | 85 | $142.1M | 0 | ||
| 2024 Q2 | 82 | $133.1M | 0 | ||
| 2024 Q1 | 82 | $129.3M | 0 | ||
| 2023 Q4 | 80 | $118.4M | 0 | ||
| 2023 Q3 | 78 | $108.0M | 0 | ||
| 2023 Q2 | 76 | $110.5M | 0 | ||
| 2023 Q1 | 76 | $104.4M | 0 | ||
| 2022 Q4 | 78 | $100.7M | 0 |
Holding changes this quarter
Financial Alternatives, Inc's most significant position changes for 2026-06-30: New buy: Vanguard S&p 500 ETF (VOO); New buy: Vanguard Russell 2000 ETF (VTWO); New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: Ishares Inc Ishares Esg Awar (ESGE); New buy: Coherent CORP (COHR).
1–50 of 85
Filing History
FAQ
What is Financial Alternatives, Inc and what type of investor is it?
Financial Alternatives, Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $202.9M, spread across 84 disclosed positions.
What are Financial Alternatives, Inc's largest equity positions?
Based on the latest 13F filing, Financial Alternatives, Inc's top holdings by market value are:
1. Dimensional US Core Equity 2 (DFAC) — $37.0M (18.3%)
2. Dimensional International Co (DFAI) — $34.5M (17.0%)
3. Vanguard Emerg Mkts Gov Bnd (VWOB) — $17.0M (8.4%)
4. Dimensional Emerging Core Eq (DFAE) — $12.8M (6.3%)
5. Jpmorgan Equity Premium Inco (JEPI) — $7.3M (3.6%)
What changes did Financial Alternatives, Inc make in its most recent portfolio filing?
In the latest reported quarter, Financial Alternatives, Inc made 53 notable position adjustments: 6 new positions were initiated, 27 existing holdings were added to, 19 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Vanguard S&p 500 ETF (VOO); New buy: Vanguard Russell 2000 ETF (VTWO); New buy: Taiwan Semiconductor-sp Adr (TSM); New buy: Ishares Inc Ishares Esg Awar (ESGE); New buy: Coherent CORP (COHR)
What sectors does Financial Alternatives, Inc focus on?
Financial Alternatives, Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 37.9%
• Consumer Discretionary: 24.7%
• Utilities: 12.3%
• Financials: 9.5%
• Energy: 8.7%
• Communication Services: 3.5%
Investment Profile
Financial Alternatives, Inc returned an annualized 16.5% over the trailing 36 months — outperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.76 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 37.9% of the portfolio concentrated in Information Technology.
It has added to its DFAI position over the past two quarters (+$15.5M, now $34.5M), while trimming VONG over the same stretch (-$334.3K, still holding $1.6M).
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Developer Access
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REST API
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npx alphasmo institutions get financial-alternatives-inc