VALLEY FINANCIAL MANAGEMENT, INC.

Registered adviser

CIK

1128122

Location

NEW YORK, NY

Portfolio Value

Small $190,708,598

Diversification

Diversified

Reports for

Valley National Bank

Filing Date

Global Rank

#4,707 / 7,034 ▲ 494 · as of Jun 2023

Period ended 3 years ago

Filed Aug 14, 2023 · 3y

4 quarters · since Sep 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 105387

Roster of Nov 1, 2026

Regulatory AUM

$473,254

Main clients

Individuals and high net worth (100% of AUM)

LEI

5493005SJQ3VQ5DEE756

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Nov 2026	$473,254	Individuals and high net worth (100%)
Mar 2025 to Feb 2026	$55,000	Individuals and high net worth (100%)
May 2023 to Feb 2025	$334,890,166	Individuals and high net worth (51%)
Apr 2023	$334,890,166	Individuals and high net worth (51%)
May 2022 to Mar 2023	$326,493,141	Individuals and high net worth (55%)
Apr 2021 to Apr 2022	$163,137,765	Individuals and high net worth (76%)

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 87.6% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 92.3%; sector active share 87.4% against the combined 13F book's sector weights.

Over time 4 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

42 tracked positions · as of Jun 30, 2023 · Δ vs Mar 31, 2023

Top Position

19.0%

+0.3 pts

Top 5

64.6%

+2.2 pts

Top 10

87.6%

−0.1 pts

HHI

1,018

Diversified−12

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$190,708,598	42

Last Quarter's Activity

Export CSV

Jun 30, 2023 vs Mar 31, 2023

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
MOAT	VanEck Morningstar Wide Moat ETF	+154,319	200,701	$16,013,932
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	+111,788	289,018	$20,450,913
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	+96,367	163,637	$6,681,298
—		+82,262	149,771	$5,817,105
AGG	iShares Core U.S. Aggregate Bond ETF	+47,659	78,137	$7,653,519
HEDJ	WisdomTree Europe Hedged Equity Fund	+25,869	133,429	$10,923,832
EUDG	WisdomTree Europe Quality Dividend Growth Fund	+25,625	433,662	$13,271,358
GLD	Spdr Gold Trust	+24,279	25,677	$4,577,438
PFF	iShares Preferred and Income Securities ETF	+21,364	41,887	$1,295,564
JPST	JPMorgan Ultra-Short Income ETF	+20,596	132,950	$6,666,113
IPAC	iShares Core MSCI Pacific ETF	+19,424	114,348	$6,567,005
—		+17,994	45,500	$3,455,270
—		+16,165	49,023	$6,315,633
IEF	iShares 7-10 Year Treasury Bond ETF	+14,026	30,094	$2,907,080
SOXX	iShares Semiconductor ETF	+12,514	19,812	$10,049,837
ROBO	ROBO Global Robotics and Automation Index ETF	+12,406	49,045	$2,872,075
BNDX	Vanguard Total International Bond ETF	+12,057	73,199	$3,577,967
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	+3,227	53,550	$7,107,691
FBND	Fidelity Total Bond ETF	+1,123	31,818	$1,445,173
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+932	24,442	$1,847,081
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+455	19,464	$3,384,011
BBH	VanEck Biotech ETF	+284	17,652	$2,754,594
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
PPA	Victory Portfolios II	−62,052	88,781	$7,499,331
DIV	Global X SuperDividend U.S. ETF	−22,488	44,068	$735,935
SCHD	Schwab U.S. Dividend Equity ETF	−12,555	12,176	$884,222
IFLN	Invesco Bloomberg Enhanced Fallen Angels ETF	−3,721	59,468	$1,039,500
FALN	iShares Fallen Angels USD Bond ETF	−2,156	34,991	$887,721
VOO	VANGUARD 500 INDEX FUND	−574	17,216	$7,011,732
IHI	iShares U.S. Medical Devices ETF	−569	30,274	$1,709,270
HACK		−510	48,678	$0
QQQ	Invesco Qqq Trust, Series 1	−217	1,149	$424,463
IGV	iShares Expanded Tech-Software Sector ETF	−179	8,334	$2,882,813
IWF	iShares Russell 1000 Growth ETF	−4	630	$173,363
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
VTV	VANGUARD VALUE INDEX FUND	72,313	$10,275,677
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	30,005	$6,174,128
MBB	iShares MBS ETF	23,368	$2,179,533
FXL	First Trust Technology AlphaDEX Fund	12,456	$1,432,938
AIQ	Global X Artificial Intelligence & Technology ETF	50,356	$1,407,953
ITA	iShares U.S. Aerospace & Defense ETF	39	$4,550
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
RSP	Victory Portfolios II	61,732	$8,927,681
—		264,222	$7,881,742
IYG	iShares U.S. Financial Services ETF	37,383	$5,643,337
JGRO	JPMorgan Active Growth ETF	90,492	$4,447,681
TLT	iShares 20+ Year Treasury Bond ETF	23,518	$2,501,609
PGF	Victory Portfolios II	37,345	$542,249
JEPI	JPMorgan Equity Premium Income ETF	1,135	$61,971
USMV	iShares MSCI USA Min Vol Factor ETF	283	$20,585
—		56,689	$0
DIVO	Amplify CWP Enhanced Dividend Income ETF	216,528	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 tracked positions · $190,708,598 total · filing declares 42 positions · $193,201,493 · as of Jun 30, 2023

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Added	289,018	+111,788	$20,450,913	+83.5%	4	before history	10.72%
MOAT	VanEck Morningstar Wide Moat ETF	Added	200,701	+154,319	$16,013,932	+367.6%	2	unpriced	8.40%
EUDG	WisdomTree Europe Quality Dividend Growth Fund	Added	433,662	+25,625	$13,271,358	+7.9%	3	unpriced	6.96%
HEDJ	WisdomTree Europe Hedged Equity Fund	Added	133,429	+25,869	$10,923,832	+23.5%	2	unpriced	5.73%
VTV	VANGUARD VALUE INDEX FUND	NEW	72,313	NEW	$10,275,677	NEW	1	unpriced	5.39%
SOXX	iShares Semiconductor ETF	Added	19,812	+12,514	$10,049,837	+209.7%	4	before history	5.27%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	78,137	+47,659	$7,653,519	+152.0%	4	before history	4.01%
PPA	Victory Portfolios II	Reduced	88,781	-62,052	$7,499,331	−38.3%	4	before history	3.93%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	Added	53,550	+3,227	$7,107,691	+9.1%	4	before history	3.73%
VOO	VANGUARD 500 INDEX FUND	Reduced	17,216	-574	$7,011,732	+4.8%	4	before history	3.68%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	Added	163,637	+96,367	$6,681,298	+126.4%	3	unpriced	3.50%
JPST	JPMorgan Ultra-Short Income ETF	Added	132,950	+20,596	$6,666,113	+17.9%	2	$50.24	3.50%
IPAC	iShares Core MSCI Pacific ETF	Added	114,348	+19,424	$6,567,005	+22.3%	3	unpriced	3.44%
		Added	49,023	+16,165	$6,315,633	+50.6%	4	before history	3.31%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	NEW	30,005	NEW	$6,174,128	NEW	1	unpriced	3.24%
		Added	149,771	+82,262	$5,817,105	+128.1%	2	$38.01	3.05%
GLD	Spdr Gold Trust	Added	25,677	+24,279	$4,577,438	+1687.1%	4	before history	2.40%
BNDX	Vanguard Total International Bond ETF	Added	73,199	+12,057	$3,577,967	+19.6%	2	$48.49	1.88%
		Added	45,500	+17,994	$3,455,270	+87.8%	4	before history	1.81%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	19,464	+455	$3,384,011	+17.9%	4	before history	1.77%
IEF	iShares 7-10 Year Treasury Bond ETF	Added	30,094	+14,026	$2,907,080	+82.5%	2	unpriced	1.52%
IGV	iShares Expanded Tech-Software Sector ETF	Reduced	8,334	-179	$2,882,813	+11.1%	4	before history	1.51%
ROBO	ROBO Global Robotics and Automation Index ETF	Added	49,045	+12,406	$2,872,075	+43.3%	4	before history	1.51%
BBH	VanEck Biotech ETF	Added	17,652	+284	$2,754,594	−2.2%	4	before history	1.44%
MBB	iShares MBS ETF	NEW	23,368	NEW	$2,179,533	NEW	1	unpriced	1.14%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	24,442	+932	$1,847,081	+2.7%	4	before history	0.97%
IHI	iShares U.S. Medical Devices ETF	Reduced	30,274	-569	$1,709,270	+2.7%	3	unpriced	0.90%
FBND	Fidelity Total Bond ETF	Added	31,818	+1,123	$1,445,173	+2.4%	4	before history	0.76%
FXL	First Trust Technology AlphaDEX Fund	NEW	12,456	NEW	$1,432,938	NEW	1	$104.55	0.75%
AIQ	Global X Artificial Intelligence & Technology ETF	NEW	50,356	NEW	$1,407,953	NEW	1	unpriced	0.74%
PFF	iShares Preferred and Income Securities ETF	Added	41,887	+21,364	$1,295,564	+102.2%	4	before history	0.68%
IFLN	Invesco Bloomberg Enhanced Fallen Angels ETF	Reduced	59,468	-3,721	$1,039,500	−6.0%	4	before history	0.55%
FALN	iShares Fallen Angels USD Bond ETF	Reduced	34,991	-2,156	$887,721	−5.4%	4	before history	0.47%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	12,176	-12,555	$884,222	−51.1%	4	before history	0.46%
DIV	Global X SuperDividend U.S. ETF	Reduced	44,068	-22,488	$735,935	−36.6%	4	before history	0.39%
QQQ	Invesco Qqq Trust, Series 1	Reduced	1,149	-217	$424,463	−3.2%	4	before history	0.22%
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	Held	11,617	0	$294,723	−1.6%	4	before history	0.15%
IWF	iShares Russell 1000 Growth ETF	Reduced	630	-4	$173,363	+11.9%	4	before history	0.09%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Held	486	0	$38,408	−1.5%	3	$76.88	0.02%
NEAR	iShares Short Duration Bond Active ETF	Held	359	0	$17,849	+0.2%	3	$49.16	0.01%
ITA	iShares U.S. Aerospace & Defense ETF	NEW	39	NEW	$4,550	NEW	1	unpriced	0.00%
HACK		Reduced	48,678	-510	$0	—	4	before history	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.