Affiance Financial LLC Portfolio Shifts in Q2 2026: Focus on IWF and Core ETFs

According to filings from Affiance Financial LLC, the portfolio held during Q2 2026 (ending June 30, 2026) reflects notable shifts compared to prior periods. The total portfolio value stood at $673,626,930 as of this date.

The investor's activity was characterized by substantial additions and some reductions in specific holdings:

• Purchasing Activity: Affiance Financial significantly boosted its position in ISHARES TR (IWF), increasing shares by 332.18% during the quarter, one of the largest buying activities reported.
• Also notable was a significant increase in VOO (Vanguard Index Fund Admiral Shares), growing its stake by 0.08%.
• The investor also increased holdings of several other ETFs, including AGG, IEFA (iShares Core Pacific ex-US), and CGCP.
• Selling Activity: Conversely, the portfolio saw reductions in several large holdings. The position in VTI (Vanguard Index Fund Inflation-Protected Securities) decreased by 4.15%.
• AAPL shares were reduced, as was the position in NVDA.
• The investor also decreased its stake in other ETFs like VWO and exited positions in several funds, including VOO (though the change was minimal).

This quarter's changes suggest a continued emphasis on core fixed income and equity holdings. The portfolio maintains its largest allocation to 'Unknown' sectors at 90.62% of total value as of June 30, 2026.