# Affiance Financial, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1723681. Source: https://holderbook.com/funds/1723681-affiance-financial-llc/

- Reported value: $695.4M
- Positions: 110
- Weight of the ten largest: 72.3%
- Filed: 2026-07-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $133.6M | 194,493 | 19.2% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $98.0M | 990,470 | 14.1% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $87.8M | 237,334 | 12.6% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $39.1M | 404,972 | 5.6% | 15 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $37.1M | 520,621 | 5.3% | 11 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $32.9M | 265,114 | 4.7% | 27 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $23.5M | 108,012 | 3.4% | 31 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $19.7M | 370,045 | 2.8% | 3 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $17.2M | 70,004 | 2.5% | 11 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $13.5M | 261,106 | 1.9% | 14 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $12.7M | 212,407 | 1.8% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $12.6M | 163,824 | 1.8% | 31 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $11.7M | 126,883 | 1.7% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.2M | 35,289 | 1.5% | 31 |
| CAPITAL GRP FIXED INCM ETF T | [CGCP](https://holderbook.com/stocks/CGCP/) | $8.2M | 369,532 | 1.2% | 15 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $7.3M | 148,746 | 1.1% | 15 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $6.7M | 45,380 | 1.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.6M | 8,781 | 0.9% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $5.3M | 33,815 | 0.8% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.9M | 13,920 | 0.7% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.5M | 5,966 | 0.6% | 16 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $4.0M | 39,390 | 0.6% | 25 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.0M | 10,818 | 0.6% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.0M | 16,593 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $3.8M | 47,561 | 0.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 9,275 | 0.5% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.3M | 13,972 | 0.5% | 31 |
| SPDR SERIES TRUST | [EFIV](https://holderbook.com/stocks/EFIV/) | $3.3M | 45,299 | 0.5% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.3M | 3,583 | 0.5% | 22 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $2.9M | 23,689 | 0.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.8M | 8,532 | 0.4% | 31 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $2.8M | 50,876 | 0.4% | 25 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.7M | 22,449 | 0.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.6M | 4,556 | 0.4% | 31 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $2.5M | 56,008 | 0.4% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.4M | 5,824 | 0.3% | 31 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.2M | 25,331 | 0.3% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,141 | 0.3% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.0M | 8,391 | 0.3% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.9M | 16,789 | 0.3% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 9,386 | 0.3% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7M | 1,405 | 0.2% | 28 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.6M | 10,082 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.6M | 19,243 | 0.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.6M | 15,267 | 0.2% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.5M | 22,276 | 0.2% | 18 |
| ISHARES TR | [EVUS](https://holderbook.com/stocks/EVUS/) | $1.5M | 41,937 | 0.2% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 5,602 | 0.2% | 31 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.4M | 3,767 | 0.2% | 25 |
| ISHARES TR | [XJH](https://holderbook.com/stocks/XJH/) | $1.2M | 23,840 | 0.2% | 15 |
| ISHARES TR | [IXC](https://holderbook.com/stocks/IXC/) | $1.2M | 24,768 | 0.2% | 27 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $1.1M | 4,400 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,032 | 0.2% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.0M | 9,473 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $976.3K | 3,220 | 0.1% | 1 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $970.8K | 6,631 | 0.1% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $962.3K | 2,288 | 0.1% | 25 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $959.7K | 7,348 | 0.1% | 31 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $933.0K | 13,206 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $907.8K | 5,721 | 0.1% | 31 |
| PRIVIA HEALTH GROUP INC | [PRVA](https://holderbook.com/stocks/PRVA/) | $893.9K | 34,742 | 0.1% | 17 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $832.2K | 721 | 0.1% | 1 |
| NUSHARES ETF TR | [NUSC](https://holderbook.com/stocks/NUSC/) | $814.3K | 15,624 | 0.1% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $784.7K | 15,516 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $709.5K | 3,724 | 0.1% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $684.5K | 2,720 | 0.1% | 31 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $651.6K | 4,997 | 0.1% | 27 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $637.4K | 4,349 | 0.1% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $616.5K | 578 | 0.1% | 4 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $579.4K | 2,079 | 0.1% | 15 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $533.9K | 15,775 | 0.1% | 15 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $511.3K | 4,736 | 0.1% | 25 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $510.5K | 3,481 | 0.1% | 31 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $509.6K | 3,705 | 0.1% | 27 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $499.7K | 1,837 | 0.1% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $495.4K | 4,990 | 0.1% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $481.1K | 944 | 0.1% | 24 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $455.4K | 5,072 | 0.1% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $440.6K | 471 | 0.1% | 16 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $435.3K | 1,917 | 0.1% | 15 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $399.8K | 3,761 | 0.1% | 5 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $395.6K | 11,368 | 0.1% | 31 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $368.7K | 4,592 | 0.1% | 24 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $359.6K | 2,120 | 0.1% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $357.8K | 6,485 | 0.1% | 31 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $355.6K | 2,275 | 0.1% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $352.7K | 2,792 | 0.1% | 9 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $340.1K | 2,151 | 0.0% | 1 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $333.1K | 654 | 0.0% | 22 |
| ISHARES TR | [KXI](https://holderbook.com/stocks/KXI/) | $324.1K | 4,800 | 0.0% | 31 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $304.0K | 1,325 | 0.0% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $300.9K | 4,214 | 0.0% | 10 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $297.6K | 3,702 | 0.0% | 24 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $293.2K | 2,100 | 0.0% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $287.2K | 837 | 0.0% | 13 |
| ISHARES TR | [IOO](https://holderbook.com/stocks/IOO/) | $263.5K | 1,929 | 0.0% | 10 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $260.2K | 56,321 | 0.0% | 15 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $256.9K | 1,354 | 0.0% | 4 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $254.5K | 1,860 | 0.0% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $249.5K | 1,505 | 0.0% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.4% | +14.8% | -4.5% | 100% |
| Q1 2026 | -3.8% | -4.6% | +0.8% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.3% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.7% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.4% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $695.4M | 110 |
| Q1 2026 | $617.1M | 105 |
| Q4 2025 | $621.8M | 104 |
| Q3 2025 | $549.2M | 104 |
| Q2 2025 | $492.3M | 103 |
| Q1 2025 | $429.5M | 101 |
| Q4 2024 | $418.5M | 102 |
| Q3 2024 | $412.4M | 98 |
| Q2 2024 | $383.2M | 96 |
| Q1 2024 | $369.1M | 95 |
| Q4 2023 | $343.5M | 95 |
| Q3 2023 | $196.9M | 92 |