Financial Alternatives, Inc

Registered adviser

CIK

1967227

Location

LA JOLLA, CA

Portfolio Value

Small $202,940,058

Diversification

Moderately concentrated

Filing Date

Global Rank

#6,496 / 8,827 ▼ 151

Top Industry

Consumer Electronics 17.0%

Period ended 4 months ago

Filed Aug 11, 2026 · 3mo

15 quarters · since Dec 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 108245

Roster of Nov 1, 2026

Regulatory AUM

$614,784,199

Main clients

Individuals and high net worth (100% 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	$614,784,199	Individuals and high net worth (100%)
Dec 2025 to Mar 2026	$559,414,249	Individuals and high net worth (100%)
Apr 2025 to Sep 2025	$547,779,015	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$507,074,427	Individuals and high net worth (100%)
May 2023 to Mar 2024	$458,983,612	Individuals and high net worth (100%)
Apr 2023	$458,983,612	Individuals and high net worth (100%)

5 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 87.9% of the book (60%+)

Turnover

Low turnover

8.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 85.4%; sector active share 77.3% against the combined 13F book's sector weights.

Over time 15 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.

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Portfolio Concentration

84 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

45.9%

+0.8 pts

Top 5

75.2%

+0.7 pts

Top 10

87.9%

−0.0 pts

HHI

2,382

Moderately concentrated+72

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	90.2%	$182,979,546	61
Financial Services	3.2%	$6,475,167	10
Technology	2.8%	$5,651,443	6
Consumer Cyclical	1.8%	$3,680,866	3
Utilities	0.9%	$1,830,188	1
Energy	0.6%	$1,292,140	1
Communication Services	0.3%	$524,619	1
Consumer Defensive	0.2%	$506,089	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	+41,344	49,686	$4,279,952
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	+8,824	252,253	$16,961,491
VO	VANGUARD MID-CAP INDEX FUND	+7,458	9,944	$801,188
DFAI	Dimensional International Core Equity Market ETF	+6,346	836,269	$34,496,096
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	+3,846	14,341	$679,906
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	+3,361	107,792	$4,834,471
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+3,212	4,015	$352,958
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+3,098	3,720	$307,346
DFAC	Dimensional U.S. Core Equity 2 ETF	+1,851	834,859	$37,034,345
VNQ	VANGUARD REAL ESTATE INDEX FUND	+1,455	70,071	$6,756,946
IWF	iShares Russell 1000 Growth ETF	+1,416	1,888	$234,432
AAPL	Apple Inc.	+717	11,739	$3,396,797
NVDA	Nvidia Corp	+636	3,192	$638,687
IAU	Ishares Gold Trust	+582	68,562	$5,177,116
VEA	Vanguard FTSE Developed Markets ETF	+445	8,869	$631,916
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+253	7,492	$447,197
GOOGL	Alphabet Inc.	+217	1,468	$524,619
TSLA	Tesla, Inc.	+200	3,121	$1,312,692
IFGL	iShares International Developed Real Estate ETF	+146	15,510	$345,873
HD	Home Depot, Inc.	+97	6,039	$2,129,834
GLD	Spdr Gold Trust	+80	636	$234,289
PRF	Victory Portfolios II	+42	6,524	$352,491
ESGV	VANGUARD ESG U.S. STOCK ETF	+41	5,953	$787,224
COST	Costco Wholesale Corp	+40	541	$506,089
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	+23	3,040	$250,313
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
ETJ	Eaton Vance Risk-Managed Diversified Equity Income Fund	−8,545	180,120	$1,489,592
JEPI	JPMorgan Equity Premium Income ETF	−3,530	129,653	$7,322,801
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	−2,662	12,225	$1,562,477
DFAE	Dimensional Emerging Core Equity Market ETF	−1,199	317,955	$12,784,970
QCOM	Qualcomm Inc	−1,182	1,780	$328,926
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−894	17,648	$650,152
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−724	13,547	$5,012,931
VEU	Vanguard International Equity Index Funds	−689	14,845	$1,243,268
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	−371	54,329	$2,207,930
IXUS	iShares Core MSCI Total International Stock ETF	−316	13,175	$1,257,422
SPY	Spdr S&P 500 ETF Trust	−292	1,630	$1,217,235
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	−239	52,613	$5,073,997
BRK-B	Berkshire Hathaway Inc	−163	2,681	$1,341,545
IWR	iShares Russell Mid-Cap ETF	−122	2,707	$298,636
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	−100	6,463	$360,441
DFAU	Dimensional US Core Equity Market ETF	−82	68,638	$3,547,898
IVV	iShares Core S&P 500 ETF	−68	450	$337,000
DFIC	Dimensional International Core Equity 2 ETF	−48	64,369	$2,398,388
SRE	Sempra	−17	19,741	$1,830,188
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
VOO	VANGUARD 500 INDEX FUND	392	$269,229
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	1,900	$230,698
TSM	Taiwan Semiconductor Manufacturing Co Ltd	467	$223,025
ESGE	iShares Trust	4,047	$221,330
COHR	Coherent Corp.	546	$215,380
GS	Goldman Sachs Group Inc	198	$200,251
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ADBE	Adobe Inc.	838	$203,701
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

84 tracked positions · $202,940,058 total · filing declares 84 positions · $202,940,129 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Technology Utilities

Showing 1–50 of 84 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	834,859	+1,851	$37,034,345	+14.4%	15	before history	18.25%
DFAI	Dimensional International Core Equity Market ETF	Added	836,269	+6,346	$34,496,096	+6.7%	15	before history	17.00%
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	Added	252,253	+8,824	$16,961,491	+6.1%	15	before history	8.36%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	317,955	-1,199	$12,784,970	+18.3%	15	before history	6.30%
JEPI	JPMorgan Equity Premium Income ETF	Reduced	129,653	-3,530	$7,322,801	−3.0%	15	before history	3.61%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	70,071	+1,455	$6,756,946	+11.0%	15	before history	3.33%
IAU	Ishares Gold Trust	Added	68,562	+582	$5,177,116	−13.6%	15	before history	2.55%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Reduced	52,613	-239	$5,073,997	+2.2%	15	before history	2.50%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	13,547	-724	$5,012,931	+9.5%	15	before history	2.47%
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	Added	107,792	+3,361	$4,834,471	+4.1%	15	before history	2.38%
VUG	VANGUARD GROWTH INDEX FUND	Added	49,686	+41,344	$4,279,952	+17.5%	15	before history	2.11%
DFAU	Dimensional US Core Equity Market ETF	Reduced	68,638	-82	$3,547,898	+14.4%	15	before history	1.75%
AAPL	Apple Inc. Technology	Added	11,739	+717	$3,396,797	+21.4%	15	before history	1.67%
VV	VANGUARD LARGE-CAP INDEX FUND	Held	9,723	0	$3,343,836	+15.1%	15	before history	1.65%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Held	34,825	0	$2,784,955	+0.5%	15	before history	1.37%
DFIC	Dimensional International Core Equity 2 ETF	Reduced	64,369	-48	$2,398,388	+4.8%	15	before history	1.18%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Reduced	54,329	-371	$2,207,930	+16.8%	15	before history	1.09%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,039	+97	$2,129,834	+9.0%	15	before history	1.05%
SRE	Sempra Utilities	Reduced	19,741	-17	$1,830,188	−4.7%	12	unpriced	0.90%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Reduced	12,225	-2,662	$1,562,477	−4.3%	15	before history	0.77%
SPGP	Victory Portfolios II	Held	12,301	0	$1,504,289	+13.6%	15	before history	0.74%
IJT	iShares S&P Small-Cap 600 Growth ETF	Held	8,407	0	$1,501,490	+23.4%	15	before history	0.74%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	2	0	$1,497,700	+4.3%	15	before history	0.74%
ETJ	Eaton Vance Risk-Managed Diversified Equity Income Fund Financial Services	Reduced	180,120	-8,545	$1,489,592	−3.4%	15	before history	0.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,681	-163	$1,341,545	−1.6%	15	before history	0.66%
TSLA	Tesla, Inc. Consumer Cyclical	Added	3,121	+200	$1,312,692	+20.9%	15	before history	0.65%
XOM	ExxonMobil Holdings Corp Energy	Held	9,451	0	$1,292,140	−19.4%	15	before history	0.64%
IXUS	iShares Core MSCI Total International Stock ETF	Reduced	13,175	-316	$1,257,422	+7.6%	15	before history	0.62%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	2,407	0	$1,257,392	+12.8%	15	before history	0.62%
VEU	Vanguard International Equity Index Funds	Reduced	14,845	-689	$1,243,268	+6.6%	15	before history	0.61%
SPY	Spdr S&P 500 ETF Trust	Reduced	1,630	-292	$1,217,235	−2.6%	11	$512.34	0.60%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Held	4,489	0	$1,090,782	+11.8%	15	before history	0.54%
IJK	iShares S&P Mid-Cap 400 Growth ETF	Held	9,084	0	$1,067,370	+16.8%	15	before history	0.53%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Held	2,843	0	$1,039,685	+21.0%	15	before history	0.51%
		Held	6,140	0	$898,957	+14.3%	15	before history	0.44%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Held	4,402	0	$869,835	+7.2%	15	before history	0.43%
APH	Amphenol Corp Technology	Held	4,813	0	$848,628	+39.5%	13	$39.10	0.42%
IJS	iShares S&P Small-Cap 600 Value ETF	Held	5,970	0	$815,979	+15.4%	15	before history	0.40%
VO	VANGUARD MID-CAP INDEX FUND	Added	9,944	+7,458	$801,188	+12.2%	15	before history	0.39%
ESGV	VANGUARD ESG U.S. STOCK ETF	Added	5,953	+41	$787,224	+18.6%	15	before history	0.39%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Held	4,610	0	$757,284	+15.3%	15	before history	0.37%
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	Added	14,341	+3,846	$679,906	+36.2%	7	unpriced	0.34%
VIG	Vanguard Specialized Funds	Held	2,773	0	$656,147	+10.0%	15	before history	0.32%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	17,648	-894	$650,152	+3.2%	15	before history	0.32%
NVDA	Nvidia Corp Technology	Added	3,192	+636	$638,687	+43.3%	10	$110.77	0.31%
VEA	Vanguard FTSE Developed Markets ETF	Added	8,869	+445	$631,916	+17.1%	15	before history	0.31%
FOF	Cohen & Steers Closed-End Opportunity Fund, Inc. Financial Services	Held	43,796	0	$607,888	+8.2%	15	before history	0.30%
IWS	iShares Russell Mid-Cap Value ETF	Held	3,662	0	$602,765	+12.9%	15	before history	0.30%
V	Visa Inc. Financial Services	Added	1,676	+1	$575,018	+13.6%	15	before history	0.28%
IJJ	iShares S&P Mid-Cap 400 Value ETF	Held	3,806	0	$562,260	+11.5%	15	before history	0.28%

Showing the top 50 of 84 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.