1y return+15.1%S&P 500 +20.9%
3y return+43.4%S&P 500 +68.5%
5y return+32.9%S&P 500 +74.5%
10y return+103.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $204 against $357 in the S&P 500.2
Affiance Financial, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VOOVanguard Index Fds | $133.6M | 19.2% | |
| AGGIshares Tr | $98.0M | 14.1% | +1.9% |
| VTIVanguard Index Fds | $87.8M | 12.6% | +4.2% |
| IEFAIshares Tr | $39.1M | 5.6% | +6.3% |
| VEAVanguard Tax-managed Fds | $37.1M | 5.3% | |
| IWFIshares Tr | $32.9M | 4.7% | +8.0% |
| VTVVanguard Index Fds | $23.5M | 3.4% | +4.3% |
| AKREProfesionally Managed Portfo | $19.7M | 2.8% | |
| VXFVanguard Index Fds | $17.2M | 2.5% | −1.0% |
| SPEMSpdr Index Shs Fds | $13.5M | 1.9% | +4.9% |
| VWOVanguard Intl Equity Index F | $12.7M | 1.8% | |
| IJHIshares Tr | $12.6M | 1.8% | −2.6% |
| BONDPimco Etf Tr | $11.7M | 1.7% | +30.4% |
| AAPLApple Inc | $10.2M | 1.5% | −9.6% |
| CGCPCapital Grp Fixed Incm Etf T | $8.2M | 1.2% | +5.0% |
| CGDVCapital Group Dividend Value | $7.3M | 1.1% | +4.5% |
| IJRIshares Tr | $6.7M | 1.0% | +5.5% |
| IVVIshares Tr | $6.6M | 0.9% | |
| VTVanguard Intl Equity Index F | $5.3M | 0.8% | |
| GOOGAlphabet Inc | $4.9M | 0.7% | −1.6% |
| SPYState Str Spdr S&p 500 Etf T | $4.5M | 0.6% | −2.7% |
| ESGDIshares Tr | $4.0M | 0.6% | +5.1% |
| MSFTMicrosoft Corp | $4.0M | 0.6% | −1.1% |
| AMZNAmazon Com Inc | $4.0M | 0.6% | −3.1% |
| VOVanguard Index Fds | $3.8M | 0.6% | +4.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $3.3M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $4.9M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $2.8M |
| VGTVanguard World Fd | June 30, 2020 | +243.1% | $2.7M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $10.2M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $2.1M |
| IWFIshares Tr | June 30, 2020 | +158.7% | $32.9M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $2.6M |
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $133.6M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $6.6M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $610K
- Exxon Mobil CorpCUSIP 30231G102 was $384K
- Pentair PLCCUSIP G7S00T104 was $205K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.3% | +14.8% |
| March 31, 2026 | −3.8% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +6.6% | +7.8% |
| June 30, 2025 | +7.7% | +10.5% |
| March 31, 2025 | −2.2% | −4.6% |
| December 31, 2024 | −1.2% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | +1.6% | +4.0% |
| March 31, 2024 | +5.7% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −5.1% | −3.6% |
| June 30, 2023 | +5.2% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +6.1% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −14.0% | −16.5% |
| March 31, 2022 | −4.6% | −4.9% |
| December 31, 2021 | +4.5% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Affiance Financial, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1723681&type=13F-HR&dateb=&owner=include&count=40CIK 1723681
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1723681/000172368126000004/Filed July 9, 2026 · accession 0001723681-26-000004