# Highland Financial Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1939237. Source: https://holderbook.com/funds/1939237-highland-financial-advisors-llc/

- Reported value: $454.6M
- Positions: 73
- Weight of the ten largest: 72.1%
- 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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $46.4M | 528,512 | 10.2% | 17 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $45.2M | 149,327 | 10.0% | 9 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $42.5M | 331,484 | 9.3% | 17 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $41.1M | 794,482 | 9.0% | 17 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $38.3M | 299,639 | 8.4% | 17 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $36.1M | 405,093 | 7.9% | 17 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $24.9M | 199,471 | 5.5% | 17 |
| AMERICAN CENTY ETF TR | [AVIG](https://holderbook.com/stocks/AVIG/) | $24.6M | 594,740 | 5.4% | 17 |
| AMERICAN CENTY ETF TR | [AVSU](https://holderbook.com/stocks/AVSU/) | $15.5M | 175,042 | 3.4% | 16 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $13.0M | 104,434 | 2.9% | 17 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $11.4M | 113,186 | 2.5% | 14 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $11.2M | 115,763 | 2.5% | 17 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $11.1M | 108,171 | 2.5% | 1 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $10.1M | 190,599 | 2.2% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $9.9M | 26,872 | 2.2% | 17 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $9.3M | 123,538 | 2.1% | 17 |
| AMERICAN CENTY ETF TR | [AVSD](https://holderbook.com/stocks/AVSD/) | $6.4M | 80,278 | 1.4% | 16 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $5.4M | 77,452 | 1.2% | 9 |
| ISHARES TR | [SMIN](https://holderbook.com/stocks/SMIN/) | $4.0M | 56,378 | 0.9% | 11 |
| GOLDMAN SACHS ETF TR | [GINN](https://holderbook.com/stocks/GINN/) | $3.7M | 46,412 | 0.8% | 17 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $3.3M | 96,624 | 0.7% | 14 |
| ISHARES TR | [XJR](https://holderbook.com/stocks/XJR/) | $3.0M | 57,493 | 0.7% | 6 |
| AMERICAN CENTY ETF TR | [AVSE](https://holderbook.com/stocks/AVSE/) | $2.5M | 30,967 | 0.6% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.2M | 7,679 | 0.5% | 17 |
| ISHARES U S ETF TR | [MEAR](https://holderbook.com/stocks/MEAR/) | $2.1M | 41,490 | 0.5% | 15 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.0M | 20,291 | 0.4% | 17 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.0M | 10,792 | 0.4% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.6M | 4,883 | 0.4% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5M | 6,350 | 0.3% | 17 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.5M | 12,532 | 0.3% | 8 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.4M | 9,138 | 0.3% | 17 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $1.3M | 33,256 | 0.3% | 17 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $1.3M | 12,179 | 0.3% | 17 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $1.1M | 22,085 | 0.2% | 10 |
| DIMENSIONAL ETF TRUST | [DFAW](https://holderbook.com/stocks/DFAW/) | $1.0M | 12,587 | 0.2% | 5 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.0M | 14,437 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $836.3K | 6,117 | 0.2% | 2 |
| ISHARES TR | [XVV](https://holderbook.com/stocks/XVV/) | $811.2K | 14,285 | 0.2% | 17 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $694.4K | 2,050 | 0.2% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $686.4K | 1,840 | 0.2% | 17 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $664.4K | 902 | 0.1% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $633.6K | 846 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $599.7K | 2,752 | 0.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $568.1K | 12,807 | 0.1% | 17 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $568.0K | 827 | 0.1% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $560.4K | 1,120 | 0.1% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $532.0K | 2,659 | 0.1% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $531.4K | 1,487 | 0.1% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $496.3K | 881 | 0.1% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $491.3K | 1,391 | 0.1% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $451.3K | 1,073 | 0.1% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $446.1K | 768 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $438.3K | 1,726 | 0.1% | 2 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $370.1K | 7,806 | 0.1% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $355.1K | 964 | 0.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $354.8K | 1,034 | 0.1% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $326.3K | 437 | 0.1% | 1 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $309.0K | 3,730 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $274.5K | 6,654 | 0.1% | 1 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $274.3K | 995 | 0.1% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $261.8K | 3,675 | 0.1% | 1 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $257.3K | 11,110 | 0.1% | 11 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $256.9K | 10,606 | 0.1% | 11 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $256.6K | 10,162 | 0.1% | 11 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $256.2K | 10,575 | 0.1% | 11 |
| ISHARES TR | [IBTJ](https://holderbook.com/stocks/IBTJ/) | $253.3K | 11,698 | 0.1% | 11 |
| ISHARES TR | [IBTI](https://holderbook.com/stocks/IBTI/) | $253.1K | 11,430 | 0.1% | 11 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $252.9K | 11,306 | 0.1% | 11 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $252.4K | 11,027 | 0.1% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $237.3K | 2,095 | 0.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $233.0K | 4,090 | 0.1% | 3 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $224.3K | 2,298 | 0.0% | 2 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $204.1K | 2,238 | 0.0% | 1 |

## 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 | +13.7% | +14.8% | -1.2% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.2% | 100% |
| Q1 2025 | -3.6% | -4.6% | +1.0% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 100% |
| Q3 2024 | +5.3% | +5.4% | -0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $454.6M | 73 |
| Q1 2026 | $378.7M | 67 |
| Q4 2025 | $360.7M | 66 |
| Q3 2025 | $348.8M | 58 |
| Q2 2025 | $311.5M | 54 |
| Q1 2025 | $279.6M | 53 |
| Q4 2024 | $288.7M | 57 |
| Q3 2024 | $281.4M | 52 |
| Q2 2024 | $268.9M | 54 |
| Q1 2024 | $249.9M | 54 |
| Q4 2023 | $230.0M | 54 |
| Q3 2023 | $193.1M | 44 |