Financial Alternatives, Inc — 13F Holdings & Portfolio

CIK 1967227 · latest 13F-HR filed 2026-08-11

Financial Alternatives, Inc manages $202.9M in 13F-reported U.S. long-equity assets across 84 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DFAC (18.25%), DFAI (17.00%), VWOB (8.36%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 1; 55 existing positions rose in reported value and 3 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.

AUM

$202.9M

Long-equity book

Holdings

Distinct positions

Period

2026-06-30

Filed 2026-08-11

Q/Q Activity

+6 / −1 / ↑55 / ↓3

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26

DFAC18.2% · +0%DFAI17.0% · +1%VWOB8.4% · +4%DFAE6.3% · -0%JEPI3.6% · -3%VNQ3.3% · +2%IAU2.6% · +1%EMB2.5% · -0%VTI2.5% · -5%VNQI2.4% · +3%VUG2.1% · +496%DFAU1.7% · -0%AAPL1.7% · +6%VV1.6% · 0%HYG1.4% · 0%DFIC1.2% · -0%DFEM1.1% · -1%HD1.0% · +2%SRE0.9% · -0%VONG0.8% · -18%SPGP0.7% · 0%IJT0.7% · 0%BRK.A0.7% · 0%ETJ0.7% · -4%BRK.B0.7% · -6%TSLA0.6% · +7%XOM0.6% · 0%IXUS0.6% · -2%DIA0.6% · 0%VEU0.6% · -4%SPY0.6% · -15%VBR0.5% · 0%IJK0.5% · 0%VBK0.5% · 0%IWP0.4% · 0%VOE0.4% · 0%APH0.4% · 0%IJS0.4% · 0%VO0.4% · +300%ESGV0.4% · +1%ITOT0.4% · 0%EAGG0.3% · +37%VIG0.3% · 0%DFAX0.3% · -5%NVDA0.3% · +25%VEA0.3% · +5%FOF0.3% · 0%IWS0.3% · 0%V0.3% · +0%IJJ0.3% · 0%GOOGL0.3% · +17%COST0.2% · +8%VWO0.2% · +4%EZU0.2% · 0%MGV0.2% · +0%EFA0.2% · 0%VPL0.2% · 0%PRFZ0.2% · -2%MGK0.2% · +400%PRF0.2% · +1%

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 = 66.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 13, 2026.

Assets Under Management

$614.8M

Discretionary

$607.4M

Employees

Accounts

1,258

Address

7825 FAY AVENUE
SUITE 245
LA JOLLA, CA 92037

Phone

(858) 459-8289

Website

TWITTER.COM/FALTERNATIVES
WWW.FACEBOOK.COM/FINANCIALALTERNATIVES
WWW.LINKEDIN.COM/COMPANY/FINANCIAL-ALTERNATIVES-INC-

Name	Title / Status	Ownership	Type
FREEMAN, JAMES, ALAN Control	PRESIDENT/CHIEF COMPLIANCE OFFICER since Jan 2001	50–75%	Individual
JACCARD, CHRISTOPHER, EDWARD Control	CHIEF OPERATING OFFICER since Jul 2001	25–50%	Individual
HOFFARTH, ANDREW, RAYMOND	PARTNER since Jan 2023	5–10%	Individual
LI, PEI-SHAN, ELLEN	PARTNER since May 2021	5–10%	Individual

Ownership & leadership changes · 6 filings with changes since Mar 22, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 24, 2023 filing

No longer listedFOX, DEBORAH, SAFREN · PARTNER · 5–10% · listed since Jan 2022

Mar 29, 2023 filing

AddedHOFFARTH, ANDREW, RAYMOND · PARTNER · 5–10%

Mar 23, 2022 filing

AddedFOX, DEBORAH, SAFREN · PARTNER · 5–10%
ChangedJACCARD, CHRISTOPHER, EDWARD · title CHIEF OPERATIONS OFFICER → CHIEF OPERATING OFFICER

Aug 3, 2021 filing

AddedLI, PEI-SHAN, ELLEN · PARTNER · 5–10%

Mar 1, 2021 filing

ChangedFREEMAN, JAMES, ALAN · ownership 75% or more → 50–75%
ChangedJACCARD, CHRISTOPHER, EDWARD · ownership 10–25% → 25–50%; now a control person

Mar 16, 2015 filing

ChangedJACCARD, CHRISTOPHER, EDWARD · ownership Less than 5% → 10–25%

Mar 22, 2012 filing (earliest on record)

ListedFREEMAN, JAMES, ALAN · PRESIDENT/CHIEF COMPLIANCE OFFICER · 75% or more · control person
ListedJACCARD, CHRISTOPHER, EDWARD · CHIEF OPERATIONS OFFICER · Less than 5%

Quarter-over-quarter changes

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

Top Adds (vs prior quarter)

Show all 55 →

Top Trims

ISHARES GOLD TR-$816.0K -13.6%
EXXON MOBIL CORP-$311.3K -19.4%
QUALCOMM INC-$52.5K -13.8%

New Positions

Show all 6 →

Exited Positions

ADOBE INC$203.7K

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#	Issuer	Symbol	CUSIP	Value	Δ

Financial Alternatives, Inc Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	DIMENSIONAL ETF TRUST	DFAC	25434V708	$37.0M	18.25%	834,859	SH
2	DIMENSIONAL ETF TRUST	DFAI	25434V203	$34.5M	17.00%	836,269	SH
3	VANGUARD WHITEHALL FDS	VWOB	921946885	$17.0M	8.36%	252,253	SH
4	DIMENSIONAL ETF TRUST	DFAE	25434V302	$12.8M	6.30%	317,955	SH
5	J P MORGAN EXCHANGE TRADED F	JEPI	46641Q332	$7.3M	3.61%	129,653	SH
6	VANGUARD INDEX FDS	VNQ	922908553	$6.8M	3.33%	70,071	SH
7	ISHARES GOLD TR	IAU	464285204	$5.2M	2.55%	68,562	SH
8	ISHARES TR	EMB	464288281	$5.1M	2.50%	52,613	SH
9	VANGUARD INDEX FDS	VTI	922908769	$5.0M	2.47%	13,547	SH
10	VANGUARD INTL EQUITY INDEX F	VNQI	922042676	$4.8M	2.38%	107,792	SH
11	VANGUARD INDEX FDS	VUG	922908736	$4.3M	2.11%	49,686	SH
12	DIMENSIONAL ETF TRUST	DFAU	25434V104	$3.5M	1.75%	68,638	SH
13	APPLE INC	AAPL	037833100	$3.4M	1.67%	11,739	SH
14	VANGUARD INDEX FDS	VV	922908637	$3.3M	1.65%	9,723	SH
15	ISHARES TR	HYG	464288513	$2.8M	1.37%	34,825	SH
16	DIMENSIONAL ETF TRUST	DFIC	25434V799	$2.4M	1.18%	64,369	SH
17	DIMENSIONAL ETF TRUST	DFEM	25434V732	$2.2M	1.09%	54,329	SH
18	HOME DEPOT INC	HD	437076102	$2.1M	1.05%	6,039	SH
19	SEMPRA	SRE	816851109	$1.8M	0.90%	19,741	SH
20	VANGUARD SCOTTSDALE FDS	VONG	92206C680	$1.6M	0.77%	12,225	SH
21	INVESCO EXCHANGE TRADED FD T	SPGP	46137V431	$1.5M	0.74%	12,301	SH
22	ISHARES TR	IJT	464287887	$1.5M	0.74%	8,407	SH
23	BERKSHIRE HATHAWAY INC DEL	BRK.A	084670108	$1.5M	0.74%	2	SH
24	EATON VANCE RISK-MANAGED DIV	ETJ	27829G106	$1.5M	0.73%	180,120	SH
25	BERKSHIRE HATHAWAY INC DEL	BRK.B	084670702	$1.3M	0.66%	2,681	SH
26	TESLA INC	TSLA	88160R101	$1.3M	0.65%	3,121	SH
27	EXXON MOBIL CORP	XOM	30231G102	$1.3M	0.64%	9,451	SH
28	ISHARES TR	IXUS	46432F834	$1.3M	0.62%	13,175	SH
29	STATE STR SPDR DOW JONES IND	DIA	78467X109	$1.3M	0.62%	2,407	SH
30	VANGUARD INTL EQUITY INDEX F	VEU	922042775	$1.2M	0.61%	14,845	SH
31	STATE STR SPDR S&P 500 ETF T	SPY	78462F103	$1.2M	0.60%	1,630	SH
32	VANGUARD INDEX FDS	VBR	922908611	$1.1M	0.54%	4,489	SH
33	ISHARES TR	IJK	464287606	$1.1M	0.53%	9,084	SH
34	VANGUARD INDEX FDS	VBK	922908595	$1.0M	0.51%	2,843	SH
35	ISHARES TR	IWP	464287481	$899.0K	0.44%	6,140	SH
36	VANGUARD INDEX FDS	VOE	922908512	$869.8K	0.43%	4,402	SH
37	AMPHENOL CORP	APH	032095101	$848.6K	0.42%	4,813	SH
38	ISHARES TR	IJS	464287879	$816.0K	0.40%	5,970	SH
39	VANGUARD INDEX FDS	VO	922908629	$801.2K	0.39%	9,944	SH
40	VANGUARD WORLD FD	ESGV	921910733	$787.3K	0.39%	5,953	SH
41	ISHARES TR	ITOT	464287150	$757.3K	0.37%	4,610	SH
42	ISHARES TR	EAGG	46435U549	$679.9K	0.34%	14,341	SH
43	VANGUARD SPECIALIZED FUNDS	VIG	921908844	$656.3K	0.32%	2,773	SH
44	DIMENSIONAL ETF TRUST	DFAX	25434V880	$650.2K	0.32%	17,648	SH
45	NVIDIA CORPORATION	NVDA	67066G104	$638.6K	0.31%	3,192	SH
46	VANGUARD TAX-MANAGED FDS	VEA	921943858	$631.9K	0.31%	8,869	SH
47	COHEN & STEERS CLOSED-END	FOF	19248P106	$607.9K	0.30%	43,796	SH
48	ISHARES TR	IWS	464287473	$602.8K	0.30%	3,662	SH
49	VISA INC	V	92826C839	$574.9K	0.28%	1,676	SH
50	ISHARES TR	IJJ	464287705	$562.3K	0.28%	3,806	SH