13F Insight
DOSSIER · 13F-HR · Q2 2026

Affiance Financial, LLC

$695M in tracked AUM across 111 positions as of Q2 2026.

AF
CIK 0001723681 · last filed Jun 30, 2026
Total AUM
$695M
as of Q2 2026
Holdings
111
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Comprehensive Analysis of SEC 13F Filing: Affiance Financial, LLC

1. Portfolio Overview

Affiance Financial, LLC has reported a substantial expansion in its portfolio management operations for the quarter ending December 31, 2025. The total portfolio value surged by 538.1%, growing from $97.45 million to $621.82 million. This dramatic increase, coupled with a high turnover rate (32 new positions and 23 exits), suggests a significant structural change—likely a large capital i...

The portfolio currently consists of 105 holdings, indicating a high level of diversification. The investment approach is characterized as a passive, core-satellite strategy heavily reliant on broad market ETFs to achieve beta exposure, supplemented by a select group of individual large-cap equities. The firm utilizes a "core and satellite" architecture where the vast majority of assets are allocated to diversified funds, with smaller, tactical positions in specific sectors or individual growth stocks.

2. Key Holdings

The portfolio is heavily concentrated in the top ten positions, which account for approximately 70.8% of the total assets. The holdings list is dominated by Vanguard and iShares products, signaling a preference for low-cost, passive management.

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
VOO
VANGUARD INDEX FDS
$134M194K19.2%02
AGG
ISHARES TR
$98M990K14.1%03
VTI
VANGUARD INDEX FDS
$88M237K12.6%04
IEFA
ISHARES TR
$39M405K5.6%05
VEA
VANGUARD TAX-MANAGED FDS
$37M521K5.3%06
IWF
ISHARES TR
$33M265K4.7%07
VTV
VANGUARD INDEX FDS
$24M108K3.4%08
AKRE
PROFESIONALLY MANAGED PORTFO
$20M370K2.8%09
VXF
VANGUARD INDEX FDS
$17M70K2.5%10
SPEM
SPDR INDEX SHS FDS
$14M261K1.9%

Filing history

2026Q2Jun 30
$695M▲ 12.7%
111 positionsView →2026Q1Mar 31
$617M▼ 0.8%
106 positionsView →2025Q4Dec 31
$622M▲ 13.2%
105 positionsView →2025Q3Sep 30
$549M▲ 11.6%
104 positionsView →2025Q2Jun 30
$492M▲ 14.6%
104 positionsLocked2025Q1Mar 31
$430M▲ 2.6%
102 positionsLocked2024Q4Dec 31
$418M▲ 1.5%
104 positionsLocked2024Q3Sep 30
$412M▲ 7.6%
100 positionsLocked2024Q2Jun 30
$383M▲ 3.8%
97 positionsLocked2024Q1Mar 31
$369M▲ 7.5%
97 positionsLocked2023Q4Dec 31
$344M▲ 74.5%
97 positionsLocked2023Q3Sep 30
$197M▼ 4.1%
92 positionsLocked
Showing 12 of 45