Institutional Manager · CIK 0001018561

ACORN FINANCIAL ADVISORY SERVICES INC /ADV

Reston, VA · File #028-19688

Latest AUM

$677.6M

Positions

215

Top-10 Concentration

63.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	RBB FD INC	74933W460	-627,089	-$31.4M	-$147,931
NEW	PIMCO ETF TR	72201R585	+1,136,102	+$30.3M	$0
NEW	FIRST MAJESTIC SILVER CORP	AG	+915,694	+$15.3M	$0
ADD	SPDR SERIES TRUST	78468R663	+110,206	+$10.1M	-$67,792
ADD	ISHARES TR	464287226	+67,354	+$6.7M	-$149,937
EXITED	ETF OPPORTUNITIES TRUST	26923N462	-1,053,044	-$4.9M	$0
ADD	SPDR SERIES TRUST	78468R101	+162,842	+$4.8M	-$40,210
EXITED	CION INVT CORP	17259U204	-267,862	-$2.5M	$0
REDUCE	VANGUARD INDEX FDS	922908736	-3,724	-$1.8M	+$461,565
REDUCE	SPDR SERIES TRUST	78468R523	-16,391	-$1.6M	-$12,068

Sector Allocation

Technology

5.5%$37.6M

Financials

3.5%$23.4M

Materials

2.3%$15.3M

Consumer Discretionary

2.2%$15.1M

Healthcare

1.4%$9.3M

Communication Services

0.8%$5.3M

0.6%$4.3M

0.4%$2.7M

0.3%$2.2M

0.2%$1.3M

0.2%$1.1M

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 2025215 pos · $677.6M
Oct 24, 202513F HOLDINGS REPORTQ/E Sep 2025207 pos · $651.8M
Jul 28, 202513F HOLDINGS REPORTQ/E Jun 2025199 pos · $609.9M
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 2025188 pos · $553.1M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024205 pos · $606.6M
Nov 1, 202413F HOLDINGS REPORTQ/E Sep 2024207 pos · $564.6M
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 2024203 pos · $535.8M
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024207 pos · $529.4M
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 2023240 pos · $560.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	101,741	$63.8M	10.82%
2	ISHARES TR	464287226	472,573	$47.2M	8.00%
3	VANGUARD TAX-MANAGED FDS	921943858	686,391	$42.9M	7.27%
4	ISHARES GOLD TR	IAU	469,414	$38.1M	6.46%
5	VANGUARD INDEX FDS	922908751	137,938	$35.6M	6.03%
6	SPDR SERIES TRUST	78468R101	1,167,954	$34.2M	5.80%
7	PIMCO ETF TR	72201R585	1,136,102	$30.3M	5.14%
8	ISHARES BITCOIN TRUST ETF	IBIT	594,361	$29.5M	5.00%
9	RBB FD INC	74933W460	556,358	$27.9M	4.72%
10	AMERICAN CENTY ETF TR	025072877	262,951	$26.8M	4.55%
11	SPDR SERIES TRUST	78468R663	293,439	$26.8M	4.55%
12	VANGUARD INDEX FDS	922908736	52,211	$25.5M	4.32%
13	AMERICAN CENTY ETF TR	025072885	158,828	$17.8M	3.01%
14	INVESCO QQQ TR	IVZ	28,004	$17.2M	2.92%
15	FIRST MAJESTIC SILVER CORP	AG	915,694	$15.3M	2.59%
16	APPLE INC	AAPL	49,486	$13.5M	2.28%
17	SPDR SERIES TRUST	78464A854	91,641	$7.4M	1.25%
18	STRATEGY INC	STRK	37,770	$5.7M	0.97%
19	MICROSOFT CORP	MSFT	9,482	$4.6M	0.78%
20	VANGUARD INDEX FDS	922908629	15,454	$4.5M	0.76%