SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Forefront Analytics, LLC

CIK 0001696802 · ONE TOWER BRIDGE, 100 FRONT STREET, SUITE 1111, WEST CONSHOHOCKEN, PA, 19428 · 6103413900

Reported Value
$203M
Q4 2023
Positions
112
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Forefront Analytics, LLC reported $203M in U.S.-listed holdings across 112 positions for Q4 2023.

Its largest position, ESGD, represents 13.7% of the portfolio.

Compared with Q3 2023, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+11.5%
vs prior filed quarter
Top-10 Concentration
+53.3%
share of reported value
Largest Position
+13.7%
Ishares Tr
New / Exited
4 / 4
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: $181MQ4 ’18Q1 ’19: $157MQ2 ’19: $235MQ3 ’19: $243MQ4 ’19: $257MQ4 ’19Q3 ’20: $214MQ4 ’20: $230MQ1 ’21: $235MQ2 ’21: $252MQ2 ’21Q3 ’21: $274MQ4 ’21: $299MQ1 ’22: $269MQ2 ’22: $206MQ2 ’22Q3 ’22: $188MQ4 ’22: $188MQ1 ’23: $194MQ2 ’23: $175MQ2 ’23Q3 ’23: $176MQ4 ’23: $203MQ1 ’24: $206MQ2 ’24: $209MQ2 ’24Q3 ’24: $212MQ4 ’24: $215MQ1 ’25: $87MQ2 ’25: $90MQ2 ’25Q3 ’25: $104MQ4 ’25: $113MQ1 ’26: $110Mfilingsflow.com

Portfolio Composition

By security type
ETP: 97.7%Common Stock: 1.9%Other: 0.3%ADR: 0.1%
  • ETP · 97.7% · $198M
  • Common Stock · 1.9% · $4M
  • Other · 0.3% · $532,855
  • ADR · 0.1% · $151,254

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLEXSHARES TRNEW+40.0K40.0K+$5M$5M
TMOTHERMO FISHER SCIENTIFIC INCNEW+437437+$232,590$232,590
MEDTRONIC PLCNEW+2.4K2.4K+$200,751$200,751
COGTCOGENT BIOSCIENCES INCNEW+20.0K20.0K+$117,494$117,494
SPDR SER TRADDED+21.4K24.5K+$2M$2M
VANGUARD CHARLOTTE FDSADDED+169.9K202.9K+$8M$10M
BARCLAYS BANK PLCADDED+173.2K226.2K+$5M$7M
ISHARES TRADDED+35.8K58.4K+$3M$5M

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

Holdings — Q4 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ESGDISHARES TRESG AW MSCI EAFE · JPMORGAN USD EMG · MSCI USA MMENTM · MBS ETF · GLB INFRASTR ETF · CORE HIGH DV ETF · IBOXX INV CP ETF · CORE S&P500 ETF · 0-5 YR TIPS ETF · TIPS BD ETF · SHORT TREAS BD · FLTG RATE NT ETF · 7-10 YR TRSY BD · MSCI USA MIN VOL · 3 7 YR TREAS BD · MSCI INDIA ETF · 20 YR TR BD ETF34.76%$70M829.7K
2VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · GLB EX US ETF7.34%$15M359.8K
3ESGGFLEXSHARES TRSTOX GBL ESG SLT · STOX US ESG SLCT6.83%$14M101.5K
4PIMCO ETF TR15+ YR US TIPS5.63%$11M201.1K
5SPDR S&P 500 ETF TRTR UNIT5.10%$10M21.7K
6SPDR SER TRFTSE INT GVT ETF · BLOOMBERG HIGH Y · BLOOMBERG INVT5.05%$10M229.8K
7VANGUARD CHARLOTTE FDSTOTAL INT BD ETF4.94%$10M202.6K
8VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT4.50%$9M190.3K
9VANGUARD WORLD FDEXTENDED DUR3.32%$7M83.1K
10BARCLAYS BANK PLCDJUBS CMDT ETN363.30%$7M220.1K
11DBX ETF TRXTRACK MSCI EAFE3.03%$6M165.7K
12FIRST TR EXCHANGE-TRADED FDNO AMER ENERGY2.96%$6M216.5K
13INVESCO EXCH TRADED FD TR IISR LN ETF2.78%$6M266.1K
14VTVVANGUARD INDEX FDSREAL ESTATE ETF · VALUE ETF · SMALL CP ETF2.42%$5M42.3K
15INVESCO EXCHANGE TRADED FD TDORSEY WRIGHT MO0.82%$2M19.4K
16ISHARES INCCUR HD MSCI EM0.78%$2M64.4K
17WISDOMTREE TRUS SMALLCAP FUND0.71%$1M29.1K
18SELECT SECTOR SPDR TRRL EST SEL SEC0.55%$1M28.1K
19NVDANVIDIA CORPORATIONCOM0.42%$858,4231.7K
20INVESCO EXCH TRD SLF IDX FDINVSCO 30 CORP0.30%$617,36137.1K
21JPMJPMORGAN CHASE & COCOM0.29%$592,9603.5K
22PROSHARES TRPSHS ULTRUSS20000.27%$553,36614.5K
23SCHWAB STRATEGIC TRUS SML CAP ETF0.24%$491,35410.4K
24DEDEERE & COCOM0.22%$440,3201.1K
25TIDAL ETF TRRPAR RISK PARI0.18%$367,61419.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$110M39May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$113M47Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$104M46Nov 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$90M47Aug 14, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$87M72May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$215M113Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$212M114Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$209M114Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$206M113May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$203M112Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$176M67Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$175M115Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$194M138May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$188M130Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$188M115Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$206M114Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$269M119May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$299M109Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$274M118Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$252M113Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$235M114May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$230M109Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$214M98Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020Under review92Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020Under review179May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$257M77Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$243M76Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$235M69Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$157M69May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$181M73Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • GKFO LLC

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 ↗.