SEC 13F Intelligence

Managers / Q4 2025 · view latest →

AAF Wealth Management, LLC

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

Reported Value
$237M
Q4 2025
Positions
56
Filings on Record
39
2019–present window
Filed
Feb 6, 2026
original filing

Summary

Aaf Wealth Management, LLC reported $237M in U.S.-listed holdings across 56 positions for Q4 2025.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 24.7% of reported value.

Compared with Q3 2025, the fund opened 9 new positions and exited 2.

Portfolio Metrics

Turnover
+0.5%
vs prior filed quarter
Top-10 Concentration
+87.0%
share of reported value
Largest Position
+24.7%
Ishares Tr
New / Exited
9 / 2
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: 90.9%Common Stock: 8.8%ADR: 0.3%
  • ETP · 90.9% · $216M
  • Common Stock · 8.8% · $21M
  • ADR · 0.3% · $703,678

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDQINVESCO QQQ TRNEW+1.2K1.2K+$760,430$760,430
ISHARES INCNEW+5.7K5.7K+$385,270$385,270
CGGRUSDCAPITAL GROUP GROWTH ETFNEW+8.0K8.0K+$357,228$357,228
TJXTJX COS INC NEWNEW+1.9K1.9K+$285,005$285,005
UNPUNION PAC CORPNEW+1.1K1.1K+$256,459$256,459
VANGUARD INDEX FDSNEW+934934+$240,873$240,873
PGPROCTER AND GAMBLE CONEW+1.6K1.6K+$234,331$234,331
JGROJ P MORGAN EXCHANGE TRADED FNEW+2.5K2.5K+$232,464$232,464

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

Holdings — Q4 2025

26 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 TOTAL49.73%$118M797.7K
2VTVVANGUARD INDEX FDSVALUE ETF · MID CAP ETF · GROWTH ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF · SMALL CP ETF17.02%$40M199.5K
3INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF11.18%$27M104.9K
4VANGUARD WHITEHALL FDSINTL HIGH ETF9.13%$22M240.7K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.48%$6M18.8K
6AAPLAPPLE INChistory →COM2.42%$6M21.1K
7FIDELITY COVINGTON TRUSTENHANCED LARGE0.88%$2M54.4K
8MSFTMICROSOFT CORPCOM0.74%$2M3.6K
9SPDR S&P 500 ETF TRTR UNIT0.71%$2M2.5K
10INVESCO EXCHANGE TRADED FD TINTL DIVI ACHI0.70%$2M75.7K
11BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A0.70%$2M1.8K
12METAMETA PLATFORMS INCCL A0.69%$2M2.5K
13AMZNAMAZON COM INCCOM0.48%$1M5.0K
14NVDANVIDIA CORPORATIONCOM0.37%$881,4134.7K
15NDQINVESCO QQQ TRUNIT SER 10.32%$760,4301.2K
16TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.30%$703,6782.3K
17SCHWAB STRATEGIC TRINTL EQTY ETF0.29%$690,06428.7K
18J P MORGAN EXCHANGE TRADED FMORTGAGE BACKED0.28%$659,98912.9K
19ISHARES INCCORE MSCI EMKT0.16%$385,2705.7K
20JNJJOHNSON & JOHNSONCOM0.16%$379,2411.8K
21CGGRUSDCAPITAL GROUP GROWTH ETFSHS CREATION UNI0.15%$357,2288.0K
22RTXRTX CORPORATIONCOM0.15%$346,1171.9K
23TJXTJX COS INC NEWCOM0.12%$285,0051.9K
24GQ9SPDR GOLD TRGOLD SHS0.12%$284,947719
25VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.11%$266,6375.0K
26UNPUNION PAC CORPCOM0.11%$256,4591.1K

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 ↗.