Afg Fiduciary Services Portfolio Shifts: Heavy S&P 500 ETF Sales, Focus on Growth

Afg Fiduciary Services Limited Partnership saw substantial changes within its portfolio during the second quarter of 2026, marked by significant reductions across several large positions and notable increases in specific sectors or fund types.

The most pronounced activity involved selling shares. The firm drastically cut its position in SPY (SPDR S&P 500 ETF), reducing its portfolio allocation percentage from prior period levels to SPY now accounts for approximately 17.44% of the total value, a change reflecting major divestment.

This quarter's filing also indicates significant exits from other individual stocks:

• AMAZON COM INC (AMZN): The position in Amazon was reduced by an almost complete percentage (AMZN), showing a major shift away from this technology giant.
• NVIDIA CORPORATION (NVDA): A nearly identical level of reduction occurred in the position held by the firm, indicating significant selling activity.
• ALPHABET INC (GOOGL): Google saw a substantial decrease as well, with high percentage sell-off noted.

Beyond individual stocks, Afg Fiduciary Services also sold shares in IWM and IWMF funds during this period. These actions collectively signal a major reduction in holdings across several key technology and cyclical growth areas.

Conversely, the investor showed signs of buying activity for specific instruments:

• RWM (ProShares TR): The firm increased its allocation to this fund significantly. RWM's portfolio percentage rose to about 1.59%, suggesting a strategic move into leveraged volatility products.

Additionally, the investor noted purchases in other funds:

• VO (Vanguard ETFs): An increase was observed in this fund's allocation within Afg Fiduciary Services' portfolio.
• PULS: The firm added shares to the PGIM ETF TR, increasing its allocation percentage slightly from prior period levels.

The overall portfolio turnover rate appears high due to these significant changes. Furthermore, while the Technology sector saw substantial reductions in individual stock holdings (AMZN, NVDA, GOOGL), the firm's allocation to Technology overall decreased slightly, now representing approximately 7.48% of the portfolio value.