SEC 13F Intelligence

Managers / Q4 2025

High Falls Advisors, Inc

CIK 0001569139 · 180 SOUTH CLINTON AVE, SUITE 300, ROCHESTER, NY, 14604 · 585-935-5300

Reported Value
$494M
Q4 2025
Positions
144
Filings on Record
29
2019–present window
Filed
Feb 18, 2026
original filing

Summary

High Falls Advisors, Inc reported $494M in U.S.-listed holdings across 144 positions for Q4 2025.

Its largest position, Ishares Tr, represents 9.0% of the portfolio.

Compared with Q3 2025, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+59.4%
share of reported value
Largest Position
+9.0%
Ishares Tr
New / Exited
7 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $259MQ4 ’18Q1 ’19: $292MQ2 ’19: $308MQ3 ’19: $323MQ4 ’19: $356MQ4 ’19Q1 ’20: $251MQ2 ’20: $268MQ1 ’21: $348MQ2 ’21: $372MQ2 ’21Q3 ’21: $368MQ4 ’21: $392MQ1 ’22: $373MQ2 ’22: $322MQ2 ’22Q3 ’22: $305MQ4 ’22: $321MQ1 ’23: $336MQ2 ’23: $351MQ2 ’23Q3 ’23: $333MQ4 ’23: $374MQ1 ’24: $397MQ2 ’24: $412MQ2 ’24Q3 ’24: $437MQ4 ’24: $431MQ1 ’25: $426MQ2 ’25: $452MQ2 ’25Q3 ’25: $486MQ4 ’25: $494Mfilingsflow.com

Portfolio Composition

By security type
ETP: 91.2%Common Stock: 8.4%ADR: 0.4%Closed-End Fund: 0.0%
  • ETP · 91.2% · $450M
  • Common Stock · 8.4% · $42M
  • ADR · 0.4% · $2M
  • Closed-End Fund · 0.0% · $245,477

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+13.6K13.6K+$1M$1M
INVESCO EXCH TRADED FD TR IINEW+2.5K2.5K+$294,720$294,720
ISHARES TRNEW+10.2K10.2K+$228,731$228,731
J P MORGAN EXCHANGE TRADED FNEW+3.8K3.8K+$219,921$219,921
ISHARES TRNEW+1.5K1.5K+$207,576$207,576
VANECK ETF TRUSTNEW+7.9K7.9K+$203,436$203,436
GEVGE VERNOVA INCNEW+307307+$200,652$200,652
ISHARES TRADDED+6.5K9.4K+$562,192$819,203

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE UNIVRSL USD · CORE S&P500 ETF · S&P 500 VAL ETF · S&P 500 GRWT ETF · S&P 100 ETF · EAFE VALUE ETF · 10-20 YR TRS ETF · MSCI USA QLT FCT · MBS ETF · MSCI USA MMENTM · CORE INTL AGGR · NATIONAL MUN ETF · US AER DEF ETF · JPMORGAN USD EMG · ESG AWR MSCI USA · U.S. TECH ETF · US TREAS BD ETF · EAFE GRWTH ETF · RUS 1000 GRW ETF · SYSTEMATIC BD ET · MSCI INTL VLU FT · CORE 80/20 AGGRE · EUROPE ETF · SELECT DIVID ETF · MSCI USA MIN VOL · 20 YR TR BD ETF60.62%$299M2.79M
2BLACKROCK ETF TRUSTISHARES US EQUIT · ISHARES US THEMA · ISHARES A I INNO12.23%$60M1.29M
3ISHARES INCCORE MSCI EMKT5.53%$27M406.2K
4AAPLAPPLE INChistory →COM3.01%$15M54.7K
5BLACKROCK ETF TRUST IIISHARES FLEXIBLE · ISHARES HIGH YIE2.35%$12M222.1K
6IAU*ISHARES GOLD TRhistory →ISHARES NEW2.02%$10M122.9K
7VANGUARD MUN BD FDSTAX EXEMPT BD1.27%$6M124.2K
8NDQINVESCO QQQ TRUNIT SER 10.82%$4M6.6K
9NVDANVIDIA CORPORATIONCOM0.69%$3M18.2K
10MSFTMICROSOFT CORPCOM0.68%$3M7.0K
11CATCATERPILLAR INCCOM0.62%$3M5.3K
12SPDR S&P 500 ETF TRTR UNIT0.60%$3M4.4K
13VVISA INCCOM CL A0.47%$2M6.6K
14JPMJPMORGAN CHASE & CO.COM0.38%$2M5.8K
15SPDR SERIES TRUSTSTATE STREET SPD0.30%$1M10.5K
16TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.25%$1M4.0K
17MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.23%$1M1.9K
18EXMOCEXXON MOBIL CORPCOM0.20%$993,1138.3K
19AMZNAMAZON COM INCCOM0.20%$972,3354.2K
20WMTWALMART INCCOM0.19%$960,2608.6K
21AVGOBROADCOM INCCOM0.19%$917,6422.7K
22MUMICRON TECHNOLOGY INCCOM0.18%$897,9833.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$494M144Feb 18, 202613F-HRchanges · EDGAR ↗
Q3 2025$486M146Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$452M142Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$426M125May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$431M116Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$437M120Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$412M123Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$397M123May 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$374M110Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$333M102Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$351M111Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$336M105May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$321M114Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$305M108Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$322M109Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$373M117May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$392M130Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$368M117Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$372M118Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$348M113May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020Under review104Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020Under review44Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$268M91Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$251M80May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$356M97Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$323M95Nov 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$308M97Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$292M94May 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$259M77Feb 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.