Highland Financial Advisors, LLC

CIK 0001939237 · Q2 2026

13F Equity AUM

$454.6M

+20.0% QoQ

Positions

+6 QoQ

AUM Rank

#5,228

Top 42%

Skill Alpha (FF)

-2.6%/yr^ns

No Clear Edge

Rank #6,494 · Top 78%

vs S&P -3.2%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 47.0%Top 10: 72.1%Top 20: 90.2%

SPYM10.2%

QQQM9.9%

AVUS9.3%

DFAU9.0%

VONG8.4%

AVDE8.0%

AVUV5.5%

AVIG5.4%

AVSU3.4%

IWF2.9%

Others (63)27.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services95.3%

Financials2.0%

Other2.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 73Median: 0.18%Avg: 1.37%

0–0.5%

50(7.8%)

0.5–1%

5(3.6%)

1–3%

9(19.3%)

3–5%

1(3.4%)

5%+

8(65.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 73vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New8Increased37Decreased18Exited2

New Positions

AVDV2.5%

+108K

VONE0.1%

+2K

AMD0.1%

+768

GQ90.1%

+964

SPY0.1%

+437

DFAI0.1%

+7K

VEA0.1%

+4K

AVLV0.0%

+2K

Increased

AVDE8.0%

+161K(+66%)

IWF2.9%

+78K(+300%)

AVSD1.4%

+53K(+193%)

VONG8.4%

+53K(+21%)

AVIG5.4%

+30K(+5%)

USXF1.2%

+29K(+61%)

AVSU3.4%

+24K(+16%)

SMIN0.9%

+15K(+37%)

XCEM2.2%

+14K(+8%)

AVEM2.5%

+11K(+10%)

Decreased

GINN0.8%

-203,870(-81%)

SPYM10.2%

-19,892(-4%)

DFAU9.0%

-15,771(-2%)

IAU*2.0%

-9,934(-7%)

SCHG0.7%

-9,462(-9%)

QQQM9.9%

-8,536(-5%)

AVUV5.5%

-5,176(-3%)

AVUS9.3%

-3,709(-1%)

XVV0.2%

-2,582(-15%)

MO0.2%

-799(-5%)

Exited

-804

SDG

-2,724

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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