M Holdings Securities, Inc.

Registered adviser

CIK

1569638

Location

PORTLAND, OR

Portfolio Value

Mid $1,389,388,189

Diversification

Diversified

Reports for

M Financial Asset Management, Inc.

Files via

M Financial Asset Management, Inc.

Filing Date

Global Rank

#3,100 / 8,826 ▼ 1059 · as of Jun 2026

Top Industry

Consumer Electronics 15.8%

3Y Alpha vs SPY

-3.6%

Period ended 36 days ago

Filed Nov 3, 2026 · 2d

25 quarters · since Mar 2020

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 43285

Roster of Nov 1, 2026

Regulatory AUM

$3,206,330,654

Main clients

Individuals and high net worth (95% of AUM)

Form ADV history

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

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$3,206,330,654	Individuals and high net worth (95%)
Apr 2025 to Mar 2026	$4,078,516,284	Individuals and high net worth (60%)
Apr 2024 to Mar 2025	$4,513,584,910	Individuals and high net worth (98%)
May 2023 to Mar 2024	$3,932,369,637	Individuals and high net worth (99%)
Apr 2023	$3,932,369,637	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$4,582,621,012	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 72.6% of the book (60%+)

Turnover

Medium turnover

82.0% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 9.1 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 77.1%; sector active share 61.0% against the combined 13F book's sector weights.

Over time 24 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

619 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

17.7%

−16.4 pts

Top 5

45.8%

−17.1 pts

Top 10

57.8%

−14.8 pts

HHI

585

Diversified−968

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.0%	$903,436,273	275
Technology	12.5%	$174,085,633	52
Financial Services	5.9%	$82,146,260	83
Healthcare	3.5%	$48,518,864	38
Industrials	3.0%	$41,527,490	41
Consumer Defensive	2.9%	$40,260,604	24
Consumer Cyclical	2.5%	$34,974,970	24
Energy	2.3%	$31,264,274	21
Utilities	0.7%	$9,210,155	15
Basic Materials	0.6%	$8,689,810	16
Communication Services	0.6%	$8,315,248	11
Real Estate	0.5%	$6,958,608	19

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
JAAA	Janus Henderson AAA CLO ETF	+65,219	134,893	$6,808,049
FENI	Fidelity Enhanced International ETF	+43,788	155,899	$6,221,929
DFIS	Dimensional International Small Cap ETF	+26,708	184,598	$6,687,985
DISV	Dimensional International Small Cap Value ETF	+25,536	122,845	$5,317,960
BKAG	BNY Mellon ETF Trust	+22,856	83,295	$3,337,464
CGDV	Capital Group Dividend Value ETF	+22,347	99,377	$4,854,566
DCOR	Dimensional ETF Trust	+17,397	152,676	$12,620,198
KGEI	Kolibri Global Energy Inc.	+16,073	75,000	$463,500
VUSB	VANGUARD ULTRA-SHORT BOND ETF	+15,681	378,754	$18,767,260
USHY	iShares Broad USD High Yield Corporate Bond ETF	+15,431	59,711	$2,132,876
GOVT	iShares U.S. Treasury Bond ETF	+14,452	48,619	$1,063,297
CORO		+12,696	31,064	$1,129,176
NOW	ServiceNow, Inc.	+12,611	27,091	$2,904
PHYL	PGIM Active High Yield Bond ETF	+11,614	55,322	$1,849,414
UBER	Uber Technologies, Inc	+10,795	37,130	$2,543,776
BNDX	Vanguard Total International Bond ETF	+10,176	52,187	$2,446,004
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	+10,000	37,748	$1,953,836
QQQI	NEOS Nasdaq-100(R) High Income ETF	+8,652	35,271	$1,959,304
RQI	Cohen & Steers Quality Income Realty Fund Inc	+6,791	50,819	$553,927
CAIE	Calamos Autocallable Income ETF	+6,745	33,133	$882,000
DFIV	Dimensional International Value ETF	+5,753	444,235	$24,814,967
IUSB	iShares Core Universal USD Bond ETF	+5,597	63,814	$2,813,559
BLCR		+4,277	17,435	$853,617
SPYI	NEOS S&P 500(R) High Income ETF	+4,269	16,727	$889,374
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	+3,722	57,704	$1,707,461
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFAS	Dimensional U.S. Small Cap ETF	−228,217	7,457	$577,320
DFAC	Dimensional U.S. Core Equity 2 ETF	−92,666	4,510	$200,469
BPRE	Bluerock Private Real Estate Fund	−55,865	24,615	$308,672
DUHP	Dimensional US High Profitability ETF	−42,592	188,470	$7,898,777
DFAR	Dimensional US Real Estate ETF	−29,990	146,431	$3,537,772
GUNR	FlexShares Morningstar Global Upstream Natural Resources Index Fund	−27,839	152,059	$8,019,591
APA	APA Corp	−27,802	6,419	$301
PYLD		−23,613	16,207	$411,495
—		−17,964	39,223	$0
DBE	Invesco DB Energy Fund	−14,423	42,107	$1,545,747
DVN	Devon Energy Corp	−12,951	10,075	$463,853
IBIT	iShares Bitcoin Trust ETF	−12,182	49,547	$2,345,554
SUSB	iShares ESG Aware 1-5 Year USD Corporate Bond ETF	−10,140	13,869	$338,819
DFUV	Dimensional U.S. Marketwide Value ETF	−8,724	548,837	$30,186,035
JFR	Nuveen Floating Rate Income Fund	−8,672	17,467	$129,954
T	At&T Inc.	−7,749	95,107	$2,056
JPC	Nuveen Preferred & Income Opportunities Fund	−7,514	23,647	$161,272
SPY	Spdr S&P 500 ETF Trust	−7,286	321,930	$245,513,475
USMV	iShares MSCI USA Min Vol Factor ETF	−4,086	29,487	$2,873,213
CMCSA	Comcast Corp	−3,796	19,307	$420,120
BAI	BlackRock ETF Trust	−3,695	20,848	$844
JPST	JPMorgan Ultra-Short Income ETF	−3,331	7,246	$364,981
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	−3,109	24,113	$226,903
VZ	Verizon Communications Inc	−2,661	55,880	$2,563,215
IDEF		−2,658	13,837	$432,087
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	230,683	$76,822,052
IVV	iShares Core S&P 500 ETF	89,857	$68,816,983
VEU	Vanguard International Equity Index Funds	809,211	$67,140,236
QQQ	Invesco Qqq Trust, Series 1	43,363	$32,078,646
MSFT	Microsoft Corp	52,792	$27,077,016
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	516,233	$25,408,988
AMZN	Amazon Com Inc	88,063	$21,940,896
VOO	VANGUARD 500 INDEX FUND	28,710	$20,121,690
PG	PROCTER & GAMBLE Co	128,061	$18,604,702
BRK-B	Berkshire Hathaway Inc	30,192	$15,034,106
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	30,679	$11,481,308
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	190,757	$9,772,481
VUG	VANGUARD GROWTH INDEX FUND	105,699	$9,524,536
AVLV	Avantis U.S. Large Cap Value ETF	98,116	$8,873,611
JNJ	Johnson & Johnson	30,190	$7,992,500
CVX	Chevron Corp	38,276	$7,816,341
DE	Deere & Co	11,542	$7,751,030
VEA	Vanguard FTSE Developed Markets ETF	100,327	$7,084,089
GE	General Electric Co	21,706	$6,778,566
FBCG	Fidelity Covington Trust	94,789	$5,991,612
MU	Micron Technology Inc	5,471	$5,827,216
IBM	International Business Machines Corp	26,414	$5,809,231
FBND	Fidelity Total Bond ETF	127,188	$5,507,240
FELC	Fidelity Enhanced Large Cap Core ETF	127,088	$5,505,452
AVUV	Avantis U.S. Small Cap Value ETF	43,880	$5,167,747
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
PNFP	Pinnacle Financial Partners, Inc.	40,533	$4,088,969
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	86,460	$3,185,186
DFVX	Dimensional US Large Cap Vector ETF	26,427	$2,173,171
DFAU	Dimensional US Core Equity Market ETF	33,326	$1,722,620
NHI	National Health Investors Inc	21,813	$1,663,459
DIHP	Dimensional International High Profitability ETF	23,977	$818,215
DFAT	Dimensional U.S. Targeted Value ETF	10,097	$705,780
DEHP	Dimensional Emerging Markets High Profitability ETF	14,350	$613,749
RF	Regions Financial Corp	16,050	$484,710
GSG	iShares S&P GSCI Commodity-Indexed Trust	13,845	$395,967
KD	Kyndryl Holdings, Inc.	26,871	$303,911
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

619 tracked positions · $1,389,388,189 total · filing declares 620 positions · $2,588 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 619 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	321,930	-7,286	$245,513,475	−0.1%	17.67%
AAPL	Apple Inc. Technology	NEW	230,683	NEW	$76,822,052	NEW	5.53%
IVV	iShares Core S&P 500 ETF	NEW	89,857	NEW	$68,816,983	NEW	4.95%
VEU	Vanguard International Equity Index Funds	NEW	809,211	NEW	$67,140,236	NEW	4.83%
QQQ	Invesco Qqq Trust, Series 1	NEW	43,363	NEW	$32,078,646	NEW	2.31%
DFUV	Dimensional U.S. Marketwide Value ETF	Reduced	548,837	-8,724	$30,186,035	−1.6%	2.17%
MSFT	Microsoft Corp Technology	NEW	52,792	NEW	$27,077,016	NEW	1.95%
NVDA	Nvidia Corp Technology	Reduced	118,496	-887	$27,062,116	+13.3%	1.95%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	NEW	516,233	NEW	$25,408,988	NEW	1.83%
JPM	Jpmorgan Chase & Co Financial Services	Added	75,646	+432	$25,025,966	+1.6%	1.80%
DFIV	Dimensional International Value ETF	Added	444,235	+5,753	$24,814,967	+4.8%	1.79%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	88,063	NEW	$21,940,896	NEW	1.58%
VOO	VANGUARD 500 INDEX FUND	NEW	28,710	NEW	$20,121,690	NEW	1.45%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Added	378,754	+15,681	$18,767,260	+3.8%	1.35%
PG	PROCTER & GAMBLE Co Consumer Defensive	NEW	128,061	NEW	$18,604,702	NEW	1.34%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	30,192	NEW	$15,034,106	NEW	1.08%
DCOR	Dimensional ETF Trust	Added	152,676	+17,397	$12,620,198	+13.8%	0.91%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	NEW	30,679	NEW	$11,481,308	NEW	0.83%
XOM	ExxonMobil Holdings Corp Energy	Reduced	66,539	-1,831	$10,829,222	+15.9%	0.78%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	NEW	190,757	NEW	$9,772,481	NEW	0.70%
VUG	VANGUARD GROWTH INDEX FUND	NEW	105,699	NEW	$9,524,536	NEW	0.69%
MRK	Merck & Co., Inc. Healthcare	Reduced	61,526	-1,040	$8,940,343	+11.2%	0.64%
AVLV	Avantis U.S. Large Cap Value ETF	NEW	98,116	NEW	$8,873,611	NEW	0.64%
GUNR	FlexShares Morningstar Global Upstream Natural Resources Index Fund	Reduced	152,059	-27,839	$8,019,591	−9.5%	0.58%
JNJ	Johnson & Johnson Healthcare	NEW	30,190	NEW	$7,992,500	NEW	0.58%
DUHP	Dimensional US High Profitability ETF	Reduced	188,470	-42,592	$7,898,777	−18.1%	0.57%
CVX	Chevron Corp Energy	NEW	38,276	NEW	$7,816,341	NEW	0.56%
DE	Deere & Co Industrials	NEW	11,542	NEW	$7,751,030	NEW	0.56%
GLD	Spdr Gold Trust	Added	20,319	+1,045	$7,738,287	+9.0%	0.56%
AVGO	Broadcom Inc. Technology	Added	21,866	+1,227	$7,679,120	−1.5%	0.55%
VEA	Vanguard FTSE Developed Markets ETF	NEW	100,327	NEW	$7,084,089	NEW	0.51%
JAAA	Janus Henderson AAA CLO ETF	Added	134,893	+65,219	$6,808,049	+93.5%	0.49%
GE	General Electric Co Industrials	NEW	21,706	NEW	$6,778,566	NEW	0.49%
DFIS	Dimensional International Small Cap ETF	Added	184,598	+26,708	$6,687,985	+20.9%	0.48%
FENI	Fidelity Enhanced International ETF	Added	155,899	+43,788	$6,221,929	+38.3%	0.45%
VDE	VANGUARD ENERGY INDEX FUND	Reduced	35,437	-1,626	$6,100,833	+9.6%	0.44%
FBCG	Fidelity Covington Trust	NEW	94,789	NEW	$5,991,612	NEW	0.43%
ABBV	AbbVie Inc. Healthcare	Reduced	22,728	-694	$5,945,417	+0.9%	0.43%
MU	Micron Technology Inc Technology	NEW	5,471	NEW	$5,827,216	NEW	0.42%
IBM	International Business Machines Corp Technology	NEW	26,414	NEW	$5,809,231	NEW	0.42%
VAW	VANGUARD MATERIALS INDEX FUND	Added	25,321	+48	$5,524,282	−4.5%	0.40%
FBND	Fidelity Total Bond ETF	NEW	127,188	NEW	$5,507,240	NEW	0.40%
FELC	Fidelity Enhanced Large Cap Core ETF	NEW	127,088	NEW	$5,505,452	NEW	0.40%
TSLA	Tesla, Inc. Consumer Cyclical	Added	15,443	+179	$5,479,330	−14.7%	0.39%
DISV	Dimensional International Small Cap Value ETF	Added	122,845	+25,536	$5,317,960	+36.2%	0.38%
AVUV	Avantis U.S. Small Cap Value ETF	NEW	43,880	NEW	$5,167,747	NEW	0.37%
CGDV	Capital Group Dividend Value ETF	Added	99,377	+22,347	$4,854,566	+27.9%	0.35%
PEP	Pepsico Inc Consumer Defensive	NEW	37,213	NEW	$4,715,631	NEW	0.34%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	NEW	66,414	NEW	$4,658,942	NEW	0.34%
VTV	VANGUARD VALUE INDEX FUND	NEW	21,075	NEW	$4,553,886	NEW	0.33%

Showing the top 50 of 619 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.