ALM First Financial Advisors, LLC Long-Term Concentrated

CIK: 0001950054 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 15, 2026

Total Value ($000): $504,915 (100.0% shares, 0.0% debt)

Holdings (25)

New Positions (2)

IVV ISHARES TR CORE U S AGGREGATE BD ETF 0.4%

Value ($000) $2,021 Shares 2,955 Est. Cost $683.88 Unrealized —

SPY STATE STREET CORP 0.4%

Value ($000) $2,020 Shares 2,969 Est. Cost $680.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR CORE U S AGGREGATE BD ETF	2,955	$2,021	0.4%	$683.88	—	ETF	464287200
SPY	STATE STREET CORP	2,969	$2,020	0.4%	$680.36	—	ETF	78462F103

Increased Positions (1)

XLK Technology Select Sector SPDR Fund 0.1%

Value ($000) $425 (+2.2%) Shares 3,613 (+100.1%) Est. Cost $145.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLK	Technology Select Sector SPDR Fund	3,613 (+100.1%)	$425 (+2.2%)	0.1%	$145.72	—	ETF	81369Y803

Decreased Positions (1)

VOO Vanguard S&P 500 ETF 28.4%

Value ($000) $143,160 (-1.7%) Shares 261,088 (-6.6%) Est. Cost $348.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	Vanguard S&P 500 ETF	261,088 (-6.6%)	$143,160 (-1.7%)	28.4%	$348.80	—	ETF	922908363

Unchanged Positions (21)

GMOM Cambria Global Momentum ETF 12.5%

Value ($000) $63,237 Shares 1,903,510 Est. Cost $4.60 Unrealized —

GVAL Cambria Global Value ETF 6.1%

Value ($000) $31,010 Shares 1,020,791 Est. Cost $2.45 Unrealized —

TRTY Cambria Trinity ETF 12.3%

Value ($000) $61,942 Shares 2,200,716 Est. Cost $4.29 Unrealized —

BAR Graniteshares Gold Trust 1.9%

Value ($000) $9,431 Shares 233,353 Est. Cost $3.62 Unrealized —

BLDG Cambria Global Real Estate ETF 2.4%

Value ($000) $12,202 Shares 498,954 Est. Cost $11.97 Unrealized —

FYLD Cambria Foreign Shareholder Yield ETF 3.1%

Value ($000) $15,678 Shares 482,545 Est. Cost $10.20 Unrealized —

VAMO Cambria Value and Momentum ETF 5.6%

Value ($000) $28,124 Shares 845,886 Est. Cost $4.80 Unrealized —

EYLD Cambria Emerging Shareholder Yield ETF 3.0%

Value ($000) $15,073 Shares 393,249 Est. Cost $11.97 Unrealized —

FMF First Trust Managed Futures Stragegy Fund 2.4%

Value ($000) $12,280 Shares 261,004 Est. Cost $15.59 Unrealized —

DBMF iMGP DBi Managed Futures Strategy ETF 2.6%

Value ($000) $13,253 Shares 472,305 Est. Cost $11.55 Unrealized —

SCHP Schwab US Equity 2.5%

Value ($000) $12,584 Shares 475,034 Est. Cost $17.71 Unrealized —

SYLD Cambria Shareholder Yield ETF 3.1%

Value ($000) $15,493 Shares 236,286 Est. Cost $9.45 Unrealized —

EMLC VanEck JP Morgan EM Local C 2.7%

Value ($000) $13,626 Shares 527,748 Est. Cost $6.42 Unrealized —

BND Vanguard Total Bond Market ETF 7.6%

Value ($000) $38,324 Shares 517,396 Est. Cost $20.11 Unrealized —

PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 1.2%

Value ($000) $6,128 Shares 462,463 Est. Cost $7.57 Unrealized —

VTI Vanguard Total Stock Market Index Fund 0.7%

Value ($000) $3,750 Shares 14,000 Est. Cost $220.28 Unrealized —

VHT Vanguard Health Care Etf 0.1%

Value ($000) $326 Shares 1,389 Est. Cost $244.83 Unrealized —

IWF Ishares Trust Russell 1000 0.6%

Value ($000) $2,837 Shares 7,285 Est. Cost $275.17 Unrealized —

IHI ISHARES DOW JONES US MEDICAL DEV.(ETF) 0.1%

Value ($000) $346 Shares 5,568 Est. Cost $56.03 Unrealized —

VDC Vanguard Consumer Staples Index Fund 0.1%

Value ($000) $671 Shares 3,898 Est. Cost $194.45 Unrealized —

AGG ISHARES TR CORE U S AGGREGATE BD ETF 0.2%

Value ($000) $976 Shares 9,767 Est. Cost $98.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GMOM	Cambria Global Momentum ETF	1,903,510	$63,237	12.5%	$4.60	—	ETF	132061508
GVAL	Cambria Global Value ETF	1,020,791	$31,010	6.1%	$2.45	—	ETF	132061409
TRTY	Cambria Trinity ETF	2,200,716	$61,942	12.3%	$4.29	—	ETF	132061839
BAR	Graniteshares Gold Trust	233,353	$9,431	1.9%	$3.62	—	ETF	38748G101
BLDG	Cambria Global Real Estate ETF	498,954	$12,202	2.4%	$11.97	—	ETF	132061813
FYLD	Cambria Foreign Shareholder Yield ETF	482,545	$15,678	3.1%	$10.20	—	ETF	132061300
VAMO	Cambria Value and Momentum ETF	845,886	$28,124	5.6%	$4.80	—	ETF	132061888
EYLD	Cambria Emerging Shareholder Yield ETF	393,249	$15,073	3.0%	$11.97	—	ETF	132061706
FMF	First Trust Managed Futures Stragegy Fund	261,004	$12,280	2.4%	$15.59	—	ETF	33739G103
DBMF	iMGP DBi Managed Futures Strategy ETF	472,305	$13,253	2.6%	$11.55	—	ETF	53700T827
SCHP	Schwab US Equity	475,034	$12,584	2.5%	$17.71	—	ETF	808524870
SYLD	Cambria Shareholder Yield ETF	236,286	$15,493	3.1%	$9.45	—	ETF	132061201
EMLC	VanEck JP Morgan EM Local C	527,748	$13,626	2.7%	$6.42	—	ETF	92189H300
BND	Vanguard Total Bond Market ETF	517,396	$38,324	7.6%	$20.11	—	ETF	921937835
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	462,463	$6,128	1.2%	$7.57	—	ETF	46090F100
VTI	Vanguard Total Stock Market Index Fund	14,000	$3,750	0.7%	$220.28	—	ETF	922908769
VHT	Vanguard Health Care Etf	1,389	$326	0.1%	$244.83	—	ETF	92204A504
IWF	Ishares Trust Russell 1000	7,285	$2,837	0.6%	$275.17	—	ETF	464287614
IHI	ISHARES DOW JONES US MEDICAL DEV.(ETF)	5,568	$346	0.1%	$56.03	—	ETF	464288810
VDC	Vanguard Consumer Staples Index Fund	3,898	$671	0.1%	$194.45	—	ETF	92204A207
AGG	ISHARES TR CORE U S AGGREGATE BD ETF	9,767	$976	0.2%	$98.92	—	ETF	464287226