Institutional Manager · CIK 0001602905

MCF Advisors LLC

COVINGTON, KY · File #028-16138

Latest AUM

$1.51B

Positions

1,199

Top-10 Concentration

67.6%

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
EXITED	ISHARES TR	46434VBD1	-632,038	-$15.9M	$0
REDUCE	AMAZON COM INC	AMZN	-24,711	-$5.7M	+$278,560
REDUCE	VANGUARD INDEX FDS	922908769	-10,665	-$3.6M	+$75,317
ADD	ALPHABET INC	GOOG	+8,227	+$2.6M	+$1.5M
ADD	BERKSHIRE HATHAWAY INC DEL	BRK-A	+5,064	+$2.5M	-$495
ADD	VANGUARD TAX-MANAGED FDS	921943858	+34,618	+$2.2M	+$4,236
ADD	VANGUARD INTL EQUITY INDEX F	922042858	+39,306	+$2.1M	-$41,890
ADD	CUMMINS INC	CMI	+4,131	+$2.1M	+$63,644
REDUCE	ALPHABET INC	GOOG	-6,660	-$2.1M	+$470,069
ADD	NVIDIA CORPORATION	NVDA	+10,208	+$1.9M	-$6,035

Sector Allocation

4.8%$86.1M

4.4%$80.3M

1.6%$28.9M

1.3%$23.0M

Consumer Discretionary

1.1%$19.2M

Consumer Staples

0.6%$11.1M

Energy

0.4%$7.2M

Communication Services

0.4%$7.1M

Utilities

0.1%$2.3M

Real Estate

0.1%$1.7M

Materials

0.1%$1.4M

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 20251,199 pos · $1.51B
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025993 pos · $1.63B
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 2025925 pos · $1.51B
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025937 pos · $1.39B
Jan 17, 202513F HOLDINGS REPORTQ/E Dec 20241,019 pos · $1.42B
Oct 24, 202413F HOLDINGS REPORTQ/E Sep 20241,031 pos · $1.43B
Aug 5, 202413F HOLDINGS REPORTQ/E Jun 20241,051 pos · $1.32B
Apr 16, 202413F HOLDINGS REPORTQ/E Mar 20241,021 pos · $1.29B
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 2023941 pos · $1.11B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	458,720	$287.7M	18.94%
2	ISHARES TR	46435G326	1,599,590	$131.9M	8.69%
3	ISHARES TR	46429B267	4,229,184	$97.4M	6.41%
4	SPDR S&P 500 ETF TR	SPY	141,670	$96.8M	6.37%
5	SPDR SERIES TRUST	78464A474	2,994,579	$90.4M	5.95%
6	ISHARES INC	46434G103	1,183,424	$79.5M	5.24%
7	ISHARES TR	464287507	1,014,158	$66.9M	4.41%
8	SCHWAB STRATEGIC TR	808524862	2,707,909	$66.0M	4.34%
9	BLACKROCK ETF TRUST II	BLK	1,117,945	$59.0M	3.88%
10	VANGUARD INDEX FDS	922908744	264,847	$50.6M	3.33%
11	ISHARES TR	464287200	68,541	$46.9M	3.09%
12	ISHARES TR	464287804	336,751	$40.5M	2.66%
13	ISHARES TR	464288620	762,663	$39.5M	2.60%
14	ISHARES TR	46432F842	390,072	$34.9M	2.30%
15	APPLE INC	AAPL	90,130	$24.5M	1.61%
16	ABRDN ETFS	003261104	1,143,624	$22.3M	1.47%
17	SCHWAB STRATEGIC TR	808524201	765,007	$20.6M	1.36%
18	MICROSOFT CORP	MSFT	36,516	$17.7M	1.16%
19	AMERICAN CENTY ETF TR	025072885	136,271	$15.2M	1.00%
20	VANGUARD INDEX FDS	922908736	30,042	$14.7M	0.96%