SEC 13F Intelligence

Managers / Q3 2025 · view latest →

AAF Wealth Management, LLC

CIK 0001726609 · 50 WASHINGTON STREET, WESTBOROUGH, MA, 01581 · 508-366-9100

Reported Value
$221M
Q3 2025
Positions
47
Filings on Record
39
2019–present window
Filed
Nov 12, 2025
original filing

Summary

Aaf Wealth Management, LLC reported $221M in U.S.-listed holdings across 47 positions for Q3 2025.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 26.3% of reported value.

Compared with Q2 2025, the fund opened 2 new positions and exited 6.

Portfolio Metrics

Turnover
+12.7%
vs prior filed quarter
Top-10 Concentration
+88.4%
share of reported value
Largest Position
+26.3%
Ishares Tr
New / Exited
2 / 6
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 ’20: $110MQ4 ’20Q1 ’21: $118MQ2 ’21: $130MQ3 ’21: $132MQ3 ’21Q4 ’21: $138MQ1 ’22: $152MQ2 ’22: $133MQ2 ’22Q3 ’22: $125MQ4 ’22: $141MQ1 ’23: $153MQ1 ’23Q2 ’23: $161MQ3 ’23: $156MQ4 ’23: $171MQ4 ’23Q1 ’24: $177MQ2 ’24: $193MQ3 ’24: $198MQ3 ’24Q4 ’24: $197MQ1 ’25: $133MQ2 ’25: $220MQ2 ’25Q3 ’25: $221MQ4 ’25: $237MQ1 ’26: $244MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 92.2%Common Stock: 7.6%ADR: 0.3%
  • ETP · 92.2% · $203M
  • Common Stock · 7.6% · $17M
  • ADR · 0.3% · $645,272

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NFLXNETFLIX INCNEW+361361+$432,811$432,811
ACRVACRIVON THERAPEUTICS INCNEW+10.7K10.7K+$19,328$19,328
JPMJPMORGAN CHASE & CO.SOLD OUT−9890−$286,789$0
VVISA INCSOLD OUT−7830−$277,850$0
PGPROCTER AND GAMBLE COSOLD OUT−1.7K0−$275,804$0
CSCOCISCO SYS INCSOLD OUT−3.3K0−$226,462$0
TAT&T INCSOLD OUT−7.5K0−$218,089$0
UNPUNION PAC CORPSOLD OUT−8910−$204,892$0

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

Holdings — Q3 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE MSCI INTL · CORE S&P MCP ETF · CORE MSCI EAFE · RUS 1000 GRW ETF · CORE S&P SCP ETF · MSCI USA MIN VOL · RUS 1000 VAL ETF · RUSSELL 2000 ETF · RUS 1000 ETF · RUS MID CAP ETF · CORE MSCI TOTAL51.97%$115M780.4K
2VTVVANGUARD INDEX FDSVALUE ETF · MID CAP ETF · GROWTH ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF17.35%$38M193.3K
3INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF11.04%$24M98.6K
4VANGUARD WHITEHALL FDSINTL HIGH ETF8.73%$19M227.5K
5AAPLAPPLE INChistory →COM2.34%$5M20.3K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.93%$4M17.5K
7FIDELITY COVINGTON TRUSTENHANCED LARGE0.90%$2M53.4K
8METAMETA PLATFORMS INCCL A0.77%$2M2.3K
9INVESCO EXCHANGE TRADED FD TINTL DIVI ACHI0.76%$2M79.2K
10BRK/ABERKSHIRE HATHAWAY INC DELCL A · CL B NEW0.65%$1M1.3K
11MSFTMICROSOFT CORPCOM0.56%$1M2.4K
12SPDR S&P 500 ETF TRTR UNIT0.47%$1M1.5K
13AMZNAMAZON COM INCCOM0.39%$869,2784.0K
14SCHWAB STRATEGIC TRINTL EQTY ETF0.30%$657,80628.3K
15J P MORGAN EXCHANGE TRADED FMORTGAGE BACKED0.30%$654,45012.8K
16TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.29%$645,2722.3K
17NVDANVIDIA CORPORATIONCOM0.25%$555,0763.0K
18GQ9SPDR GOLD TRGOLD SHS0.22%$489,1271.4K
19NFLXNETFLIX INCCOM0.20%$432,811361
20VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.12%$271,3145.0K
21RTXRTX CORPORATIONCOM0.12%$270,3751.6K
22JNJJOHNSON & JOHNSONCOM0.12%$267,0081.4K
23HONGBPHONEYWELL INTL INCCOM0.10%$228,1811.1K
24AVGOBROADCOM INCCOM0.10%$219,077664
25ACRVACRIVON THERAPEUTICS INCCOMMON STOCK0.01%$19,32810.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$244M59May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$237M56Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$221M47Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$220M66Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$133M51May 19, 2025RESTATEMENTchanges · EDGAR ↗
Q4 2024$197M47Feb 18, 202513F-HRchanges · EDGAR ↗
Q3 2024$198M44Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$193M46Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$177M43May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$171M50Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$156M44Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$161M48Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$153M46May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$141M59Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$125M39Oct 31, 202213F-HRchanges · EDGAR ↗
Q2 2022$133M37Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$152M32Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$138M25Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$132M31Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$130M22Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$118M24May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$110M23Feb 11, 202113F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • Madison Asset Management, LLC028-10986
  • POLEN CAPITAL MANAGEMENT LLC028-03687
  • SCHAFER CULLEN CAPITAL MANAGEMENT INC028-04691
  • 55I, LLC028-19649

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 ↗.