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ALM First Financial Advisors, LLC — 13F Holdings & Portfolio

CIK 1950054 · latest 13F-HR filed 2026-07-10

Backtest portfolio

ALM First Financial Advisors, LLC manages $593.6M in 13F-reported U.S. long-equity assets across 22 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (27.43%), TRTY (11.56%), GVAL (9.49%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 3; 14 existing positions rose in reported value and 5 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$593.6M

Long-equity book

Holdings
22

Distinct positions

Period
2026-06-30

Filed 2026-07-10

Q/Q Activity
+0 / −3 / ↑14 / ↓5

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VOO27.4% · +2%TRTY11.6% · -1%GVAL9.5% · +53%FYLD9.1% · +206%VAMO8.6% · +65%EYLD7.5% · +150%BLDG4.5% · +67%EMLC3.2% · +30%SPY3.0% · +24%IVV2.9% · +24%SYLD2.4% · -34%DBMF2.3% · -12%SCHP2.2% · -14%BND2.2% · -72%BAR1.9% · +21%VTI0.7% · 0%IWF0.5% · +229%AGG0.2% · 0%VDC0.1% · 0%XLK0.1% · 0%VHT0.1% · 0%IHI0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 87.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$76.17B
Discretionary
$2.31B
Employees
23
Accounts
189
Address
3800 MAPLE AVENUE
STE. 600
DALLAS, TX 75219
Phone
(800) 752-4628
Website
Name Title / Status Ownership Type
ALM FIRST GROUP, LLC ControlMEMBER75% or moreDomestic Entity
BRAZELTON, FREDERICK, WALTER ControlPLATFORM DIRECTORGeneral partnerIndividual
ENSWEILER, MICHAEL, EDDON ControlPRINCIPALLess than 5%Individual
GOODMAN, TRAVIS, EUGENE ControlMANAGING MEMBERGeneral partnerIndividual
GRAF, JOHN, ARTHUR ControlRAMBLER DIRECTORGeneral partnerIndividual
GRAF, JOHN, ARTHUR ControlDIRECTORLess than 5%Individual
HALEY, JASON, WILLIAM ControlCHIEF INVESTMENT OFFICER AND PRESIDENTLess than 5%Individual
HOLLIS, EMILY, MORE ControlMANAGING PARTNER, CEOLess than 5%Individual
HOLLIS, EMILY, MORE ControlDIRECTOR25–50%Individual
HOLLIS, STEVEN ControlPRINCIPALLess than 5%Individual
Kalra, Vikas, Mohan ControlPLATFORM DIRECTORLess than 5%Individual
Kalra, Vikas, Mohan ControlPLATFORM DIRECTORGeneral partnerIndividual
PLATFORM ALM HOLDINGS, LLC ControlDIRECTOR25–50%Domestic Entity
Dausch, Justin, CarterCHIEF COMPLIANCE OFFICERLess than 5%Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

ALM First Financial Advisors, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Vanguard S&P 500 ETF VOO 922908363 $162.9M 27.43% 285,434 SH
2 Cambria Trinity ETF TRTY 132061839 $68.6M 11.56% 2,271,000 SH
3 Cambria Global Value ETF GVAL 132061409 $56.3M 9.49% 1,564,110 SH
4 Cambria Foreign Shareholder Yield ETF FYLD 132061300 $53.9M 9.08% 1,477,500 SH
5 Cambria Value and Momentum ETF VAMO 132061888 $51.3M 8.65% 1,429,000 SH
6 Cambria Emerging Shareholder Yield ETF EYLD 132061706 $44.7M 7.52% 983,500 SH
7 Cambria Global Real Estate ETF BLDG 132061813 $27.0M 4.55% 999,500 SH
8 VanEck JP Morgan EM Local C EMLC 92189H300 $19.2M 3.23% 749,725 SH
9 STATE STREET CORP SPY 78462F103 $17.5M 2.95% 23,473 SH
10 ISHARES TR CORE U S AGGREGATE BD ETF IVV 464287200 $17.5M 2.95% 23,355 SH
11 Cambria Shareholder Yield ETF SYLD 132061201 $14.1M 2.37% 177,700 SH
12 iMGP DBi Managed Futures Strategy ETF DBMF 53700T827 $13.9M 2.33% 452,775 SH
13 Schwab US Equity SCHP 808524870 $12.9M 2.18% 487,500 SH
14 Vanguard Total Bond Market ETF BND 921937835 $12.8M 2.15% 174,200 SH
15 Graniteshares Gold Trust BAR 38748G101 $11.1M 1.88% 281,590 SH
16 Vanguard Total Stock Market Index Fund VTI 922908769 $4.1M 0.70% 14,000 SH
17 Ishares Trust Russell 1000 IWF 464287614 $3.0M 0.50% 23,980 SH
18 ISHARES TR CORE U S AGGREGATE BD ETF AGG 464287226 $966.7K 0.16% 9,767 SH
19 Vanguard Consumer Staples Index Fund VDC 92204A207 $716.2K 0.12% 3,898 SH
20 Technology Select Sector SPDR Fund XLK 81369Y803 $562.0K 0.09% 3,613 SH
21 Vanguard Health Care Etf VHT 92204A504 $338.5K 0.06% 1,389 SH
22 ISHARES DOW JONES US MEDICAL DEV.(ETF) IHI 464288810 $275.1K 0.05% 5,568 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-10 $593.6M 22 0001950054-26-000007
2026-03-31 2026-04-10 $557.5M 25 0001950054-26-000005
2025-12-31 2026-01-15 $504.9M 25 0001950054-26-000002
Filer Information
Address
3800 MAPLE AVENUE
STE 600
DALLAS, TX 75219
Phone
(800) 752-4628
Filing Manager
ALM First Financial Advisors, LLC
DALLAS, TX
Signatory
Justin Dausch
Chief Compliance Officer