ALM First Financial Advisors, LLC Long-Term Concentrated

Location: Dallas, TX

CIK: 0001950054 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 15, 2026

Total Value: $505M (100.0% shares, 0.0% debt)

Holdings (25)

VOO Vanguard S&P 500 ETF 28.4%

Value $143M Shares 261,088 Share Price $548.32 * Est. Cost/Share $379.85 Unrealized @ Report Date +65.1%

GMOM Cambria Global Momentum ETF 12.5%

Value $63.24M Shares 1,903,510 Share Price $33.22 Est. Cost/Share $28.82 Unrealized @ Report Date +16.3%

TRTY Cambria Trinity ETF 12.3%

Value $61.94M Shares 2,200,716 Share Price $28.15 Est. Cost/Share $25.44 Unrealized @ Report Date +12.0%

BND Vanguard Total Bond Market ETF 7.6%

Value $38.32M Shares 517,396 Share Price $74.07 Est. Cost/Share $72.05 Unrealized @ Report Date +2.8%

GVAL Cambria Global Value ETF 6.1%

Value $31.01M Shares 1,020,791 Share Price $30.38 * Est. Cost/Share $18.76 Unrealized @ Report Date +67.8%

VAMO Cambria Value and Momentum ETF 5.6%

Value $28.12M Shares 845,886 Share Price $33.25 * Est. Cost/Share $28.00 Unrealized @ Report Date +21.9%

FYLD Cambria Foreign Shareholder Yield ETF 3.1%

Value $15.68M Shares 482,545 Share Price $32.49 Est. Cost/Share $24.27 Unrealized @ Report Date +33.9%

SYLD Cambria Shareholder Yield ETF 3.1%

Value $15.49M Shares 236,286 Share Price $65.57 * Est. Cost/Share $61.10 Unrealized @ Report Date +13.8%

EYLD Cambria Emerging Shareholder Yield ETF 3.0%

Value $15.07M Shares 393,249 Share Price $38.33 Est. Cost/Share $29.24 Unrealized @ Report Date +31.1%

EMLC VanEck JP Morgan EM Local C 2.7%

Value $13.63M Shares 527,748 Share Price $25.82 Est. Cost/Share $23.64 Unrealized @ Report Date +9.2%

DBMF iMGP DBi Managed Futures Strategy ETF 2.6%

Value $13.25M Shares 472,305 Share Price $28.06 Est. Cost/Share $30.38 Unrealized @ Report Date -7.7%

SCHP Schwab US Equity 2.5%

Value $12.58M Shares 475,034 Share Price $26.49 Est. Cost/Share $26.24 Unrealized @ Report Date +0.9%

FMF First Trust Managed Futures Stragegy Fund 2.4%

Value $12.28M Shares 261,004 Share Price $47.05 Est. Cost/Share $48.96 Unrealized @ Report Date -3.9%

BLDG Cambria Global Real Estate ETF 2.4%

Value $12.2M Shares 498,954 Share Price $24.45 Est. Cost/Share $25.35 Unrealized @ Report Date -3.5%

BAR Graniteshares Gold Trust 1.9%

Value $9.431M Shares 233,353 Share Price $40.41 * Est. Cost/Share $18.37 Unrealized @ Report Date +131.3%

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

Value $6.128M Shares 462,463 Share Price $13.25 Est. Cost/Share $14.86 Unrealized @ Report Date -10.8%

VTI Vanguard Total Stock Market Index Fund 0.7%

Value $3.75M Shares 14,000 Share Price $267.88 * Est. Cost/Share $208.58 Unrealized @ Report Date +60.7%

IWF Ishares Trust Russell 1000 0.6%

Value $2.837M Shares 7,285 Share Price $389.40 * Est. Cost/Share $63.59 Unrealized @ Report Date +86.1%

IVV ISHARES TR CORE U S AGGREGATE BD ETF 0.4%

Value $2.021M Shares 2,955 Share Price $683.88 Est. Cost/Share $679.06 Unrealized @ Report Date +0.9%

SPY STATE STREET CORP 0.4%

Value $2.02M Shares 2,969 Share Price $680.36 Est. Cost/Share $675.88 Unrealized @ Report Date +0.9%

AGG ISHARES TR CORE U S AGGREGATE BD ETF 0.2%

Value $976K Shares 9,767 Share Price $99.88 Est. Cost/Share $97.76 Unrealized @ Report Date +2.2%

VDC Vanguard Consumer Staples Index Fund 0.1%

Value $671K Shares 3,898 Share Price $172.04 * Est. Cost/Share $195.38 Unrealized @ Report Date +8.1%

XLK Technology Select Sector SPDR Fund 0.1%

Value $425K Shares 3,613 Share Price $117.55 * Est. Cost/Share $111.63 Unrealized @ Report Date +29.0%

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

Value $346K Shares 5,568 Share Price $62.13 Est. Cost/Share $55.98 Unrealized @ Report Date +11.0%

VHT Vanguard Health Care Etf 0.1%

Value $326K Shares 1,389 Share Price $234.53 * Est. Cost/Share $243.28 Unrealized @ Report Date +18.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VOO	Vanguard S&P 500 ETF	261,088	$143M	28.4%	$548.32 *	$379.85	+65.1%	ETF	922908363
GMOM	Cambria Global Momentum ETF	1,903,510	$63.24M	12.5%	$33.22	$28.82	+16.3%	ETF	132061508
TRTY	Cambria Trinity ETF	2,200,716	$61.94M	12.3%	$28.15	$25.44	+12.0%	ETF	132061839
BND	Vanguard Total Bond Market ETF	517,396	$38.32M	7.6%	$74.07	$72.05	+2.8%	ETF	921937835
GVAL	Cambria Global Value ETF	1,020,791	$31.01M	6.1%	$30.38 *	$18.76	+67.8%	ETF	132061409
VAMO	Cambria Value and Momentum ETF	845,886	$28.12M	5.6%	$33.25 *	$28.00	+21.9%	ETF	132061888
FYLD	Cambria Foreign Shareholder Yield ETF	482,545	$15.68M	3.1%	$32.49	$24.27	+33.9%	ETF	132061300
SYLD	Cambria Shareholder Yield ETF	236,286	$15.49M	3.1%	$65.57 *	$61.10	+13.8%	ETF	132061201
EYLD	Cambria Emerging Shareholder Yield ETF	393,249	$15.07M	3.0%	$38.33	$29.24	+31.1%	ETF	132061706
EMLC	VanEck JP Morgan EM Local C	527,748	$13.63M	2.7%	$25.82	$23.64	+9.2%	ETF	92189H300
DBMF	iMGP DBi Managed Futures Strategy ETF	472,305	$13.25M	2.6%	$28.06	$30.38	-7.7%	ETF	53700T827
SCHP	Schwab US Equity	475,034	$12.58M	2.5%	$26.49	$26.24	+0.9%	ETF	808524870
FMF	First Trust Managed Futures Stragegy Fund	261,004	$12.28M	2.4%	$47.05	$48.96	-3.9%	ETF	33739G103
BLDG	Cambria Global Real Estate ETF	498,954	$12.2M	2.4%	$24.45	$25.35	-3.5%	ETF	132061813
BAR	Graniteshares Gold Trust	233,353	$9.431M	1.9%	$40.41 *	$18.37	+131.3%	ETF	38748G101
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	462,463	$6.128M	1.2%	$13.25	$14.86	-10.8%	ETF	46090F100
VTI	Vanguard Total Stock Market Index Fund	14,000	$3.75M	0.7%	$267.88 *	$208.58	+60.7%	ETF	922908769
IWF	Ishares Trust Russell 1000	7,285	$2.837M	0.6%	$389.40 *	$63.59	+86.1%	ETF	464287614
IVV	ISHARES TR CORE U S AGGREGATE BD ETF	2,955	$2.021M	0.4%	$683.88	$679.06	+0.9%	ETF	464287200
SPY	STATE STREET CORP	2,969	$2.02M	0.4%	$680.36	$675.88	+0.9%	ETF	78462F103
AGG	ISHARES TR CORE U S AGGREGATE BD ETF	9,767	$976K	0.2%	$99.88	$97.76	+2.2%	ETF	464287226
VDC	Vanguard Consumer Staples Index Fund	3,898	$671K	0.1%	$172.04 *	$195.38	+8.1%	ETF	92204A207
XLK	Technology Select Sector SPDR Fund	3,613	$425K	0.1%	$117.55 *	$111.63	+29.0%	ETF	81369Y803
IHI	ISHARES DOW JONES US MEDICAL DEV.(ETF)	5,568	$346K	0.1%	$62.13	$55.98	+11.0%	ETF	464288810
VHT	Vanguard Health Care Etf	1,389	$326K	0.1%	$234.53 *	$243.28	+18.3%	ETF	92204A504