ARKANSAS FINANCIAL GROUP, INC.

LITTLE ROCK, AR · CIK 764611 · 13F filing filed 2026-01-28

SEC-registered investment adviser since 1985 · corporation

Assets managed$971.1m
Staff11 · 5 in investment roles
Main clients (by assets)High net worth individuals 92%, Individuals 7%
Form ADV · 2026-09-04SEC adviser record

$643.9m reported value +11.3% vs Q1 2025

80positions

62.9%in top 10

5 new 35 added 32 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	230,950	$101.8m15.81%	15.81%	Reduced -1.8k	-1,799 -0.8%
2	ISHARES TR CORE S&P MCP ETF IJH	IJH	1,102,176	$68.4m10.62%	10.62%	Reduced -5.7k	-5,715 -0.5%
3	VANGUARD INDEX FDS MID CAP ETF VO	VO	159,159	$44.5m6.92%	6.92%	Reduced -1.8k	-1,772 -1.1%
4	ISHARES TR CORE S&P500 ETF IVV	IVV	59,510	$36.9m5.74%	5.74%	Reduced -611	-611 -1.0%
5	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	1,196,955	$36.1m5.61%	5.61%	Added +31.6k	+31,631 2.7%
6	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	664,118	$35.0m5.44%	5.44%	Reduced -21.5k	-21,489 -3.1%
7	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	54,656	$30.2m4.68%	4.68%	Added +1.5k	+1,456 2.7%
8	ISHARES TR SHRT NAT MUN ETF SUB	SUB	172,546	$18.3m2.85%	2.85%	Added +302	+302 0.2%
9	ISHARES TR TIPS BD ETF TIP	TIP	156,142	$17.2m2.67%	2.67%	Reduced -4.6k	-4,576 -2.9%
10	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	311,453	$16.6m2.58%	2.58%	Reduced -7.1k	-7,074 -2.2%
11	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	158,155	$16.3m2.53%	2.53%	Added +801	+801 0.5%
12	SPDR SER TR PORTFOLIO CRPORT SPBO	SPBO	550,623	$16.1m2.50%	2.50%	Added +43.0k	+42,961 8.5%
13	ISHARES INC MSCI EMRG CHN EMXC	EMXC	212,874	$13.4m2.09%	2.09%	Added +3.3k	+3,275 1.6%
14	VANGUARD WORLD FD INF TECH ETF VGT	VGT	20,050	$13.3m2.07%	2.07%	Added +341	+341 1.7%
15	FIRST TR DOW JONES SELECT MI COM SHS ANNUAL FDM	FDM	175,007	$12.5m1.95%	1.95%	Added +11.5k	+11,503 7.0%
16	ISHARES TR U.S. MED DVC ETF IHI	IHI	191,615	$12.0m1.86%	1.86%	Added +744	+744 0.4%
17	ISHARES TR U.S. FIN SVC ETF IYG	IYG	118,513	$10.1m1.58%	1.58%	Reduced -1.5k	-1,463 -1.2%
18	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	197,382	$7.9m1.23%	1.23%	Reduced -8.9k	-8,875 -4.3%
19	ISHARES TR MICRO-CAP ETF IWC	IWC	58,631	$7.5m1.16%	1.16%	Reduced -1.8k	-1,799 -3.0%
20	ISHARES TR NATIONAL MUN ETF MUB	MUB	71,015	$7.4m1.15%	1.15%	Reduced -1.4k	-1,372 -1.9%
21	ISHARES TR CORE INTL AGGR IAGG	IAGG	143,502	$7.3m1.14%	1.14%	Reduced -4.0k	-3,990 -2.7%
22	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	137,067	$6.7m1.04%	1.04%	Reduced -6.8k	-6,838 -4.8%
23	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	215,636	$6.5m1.01%	1.01%	Reduced -2.4k	-2,386 -1.1%
24	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	126,044	$6.2m0.97%	0.97%	Added +6.3k	+6,304 5.3%
25	ISHARES TR CORE S&P SCP ETF IJR	IJR	56,971	$6.2m0.97%	0.97%	Reduced -1.9k	-1,858 -3.2%
26	FIRST TR EXCH TRADED FD III MANAGD MUN ETF FMB	FMB	124,613	$6.2m0.96%	0.96%	Added +362	+362 0.3%
27	ISHARES TR US HLTHCARE ETF IYH	IYH	108,031	$6.1m0.95%	0.95%	Added +5.4k	+5,403 5.3%
28	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	9,191	$5.7m0.88%	0.88%	Reduced -34	-34 -0.4%
29	ISHARES TR U.S. REAL ES ETF IYR	IYR	51,941	$4.9m0.76%	0.76%	Reduced -2.0k	-2,043 -3.8%
30	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	110,400	$4.7m0.73%	0.73%	Added +7.8k	+7,783 7.6%
31	FIRST TR EXCHANGE-TRADED FD WTR ETF FIW	FIW	39,441	$4.3m0.66%	0.66%	Added +153	+153 0.4%
32	FIDELITY COMWLTH TR NASDAQ COMPSIT ONEQ	ONEQ	50,319	$4.0m0.63%	0.63%	Reduced -1.1k	-1,097 -2.1%
33	ISHARES TR MSCI USA MIN VOL USMV	USMV	42,288	$4.0m0.62%	0.62%	Reduced -1.6k	-1,648 -3.8%
34	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	92,313	$3.8m0.59%	0.59%	Added +776	+776 0.8%
35	INVESCO EXCHANGE TRADED FD T S&P500 EQL FIN RSPF	RSPF	37,458	$2.9m0.44%	0.44%	Reduced -283	-283 -0.8%
36	ALPS ETF TR RIVRFRNT STR INC RIGS	RIGS	119,674	$2.8m0.43%	0.43%	Added +6.4k	+6,400 5.7%
37	ISHARES TR DOW JONES US ETF IYY	IYY	17,215	$2.6m0.40%	0.40%	Added +2.4k	+2,371 16.0%
38	ISHARES TR RESIDENTIAL MULT REZ	REZ	30,810	$2.5m0.39%	0.39%	Added +1.9k	+1,924 6.7%
39	ISHARES TR CORE MSCI EAFE IEFA	IEFA	25,893	$2.2m0.34%	0.34%	Reduced -2.1k	-2,120 -7.6%
40	DAVIS FUNDAMENTAL ETF TR SELECT FINL DFNL	DFNL	46,132	$2.0m0.31%	0.31%	Added +4.4k	+4,424 10.6%
41	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	71,560	$1.9m0.30%	0.30%	Added +1	+1 0.0%
42	ISHARES U S ETF TR GSCI CMDTY STGY COMT	COMT	71,257	$1.8m0.29%	0.29%	Added +1.1k	+1,086 1.6%
43	APPLE INC COM AAPL	AAPL	8,465	$1.7m0.27%	0.27%	Added +2.0k	+2,000 30.9%
44	ISHARES TR EXPANDED TECH IGV	IGV	14,983	$1.6m0.25%	0.25%	Reduced -1.4k	-1,420 -8.7%
45	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	6,838	$1.6m0.24%	0.24%	Reduced -227	-227 -3.2%
46	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	54,659	$1.5m0.24%	0.24%	Reduced -251	-251 -0.5%
47	ISHARES TR NORTH AMERN NAT IGE	IGE	34,017	$1.5m0.23%	0.23%	Added +493	+493 1.5%
48	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,066	$1.5m0.23%	0.23%	Added +100	+100 3.4%
49	ISHARES GOLD TR ISHARES NEW IAU	IAU	22,703	$1.4m0.22%	0.22%	Added +4.8k	+4,814 26.9%
50	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	11,663	$1.4m0.21%	0.21%	Reduced -46	-46 -0.4%
51	SPDR SER TR S&P SEMICNDCTR XSD	XSD	4,448	$1.1m0.18%	0.18%	Reduced -19	-19 -0.4%
52	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	12,003	$1.1m0.17%	0.17%	Added +1	+1 0.0%
53	MICROSOFT CORP COM MSFT	MSFT	1,698	$844.6k0.13%	0.13%	Added +60	+60 3.7%
54	WALMART INC COM WMT	WMT	8,599	$840.8k0.13%	0.13%	Reduced -769	-769 -8.2%
55	JPMORGAN CHASE & CO COM JPM	JPM	2,877	$834.1k0.13%	0.13%	Reduced -191	-191 -6.2%
56	VANECK ETF TRUST AGRIBUSINESS ETF MOO	MOO	11,152	$821.0k0.13%	0.13%	Reduced -353	-353 -3.1%
57	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	14,445	$785.5k0.12%	0.12%	Reduced -697	-697 -4.6%
58	ISHARES INC JP MRG EM CRP BD CEMB	CEMB	14,918	$677.9k0.11%	0.11%	Added +331	+331 2.3%
59	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	9,794	$575.7k0.09%	0.09%	Added +17	+17 0.2%
60	NORFOLK SOUTHN CORP COM NSC	NSC	2,171	$555.7k0.09%	0.09%	Unchanged
61	AMAZON COM INC COM AMZN	AMZN	2,508	$550.1k0.09%	0.09%	Added +140	+140 5.9%
62	BANK OZK LITTLE ROCK ARK COM OZK	OZK	11,404	$536.7k0.08%	0.08%	Unchanged
63	ISHARES INC CORE MSCI EMKT IEMG	IEMG	8,313	$499.0k0.08%	0.08%	Reduced -146	-146 -1.7%
64	ISHARES TR U.S. PHARMA ETF IHE	IHE	6,713	$440.0k0.07%	0.07%	Unchanged
65	ISHARES TR CRE U S REIT ETF USRT	USRT	6,846	$387.2k0.06%	0.06%	Added +2.2k	+2,193 47.1%
66	NVIDIA CORPORATION COM NVDA	NVDA	2,320	$366.5k0.06%	0.06%	New
67	INVESCO EXCH TRADED FD TR II S&P500 LOW VOL SPLV	SPLV	4,668	$339.9k0.05%	0.05%	Unchanged
68	MCDONALDS CORP COM MCD	MCD	1,099	$321.1k0.05%	0.05%	Unchanged
69	ABBVIE INC COM ABBV	ABBV	1,695	$314.7k0.05%	0.05%	Added +100	+100 6.3%
70	NEWSMAX INC COM SHS CLASS B NMAX	NMAX	20,610	$311.8k0.05%	0.05%	New
71	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	13,862	$306.3k0.05%	0.05%	Added +1.1k	+1,149 9.0%
72	EXXON MOBIL CORP COM XOM	XOM	2,783	$300.0k0.05%	0.05%	Unchanged
73	HOME BANCSHARES INC COM HOMB	HOMB	9,127	$259.8k0.04%	0.04%	Unchanged
74	JOHNSON & JOHNSON COM JNJ	JNJ	1,596	$243.8k0.04%	0.04%	Reduced -82	-82 -4.9%
75	ISHARES TR 3 7 YR TREAS BD IEI	IEI	1,962	$233.7k0.04%	0.04%	Added +36	+36 1.9%
76	FIRST TR EXCHANGE TRADED FD MATERIALS ALPH FXZ	FXZ	4,030	$229.5k0.04%	0.04%	New
77	PUBLIC STORAGE COM PSA	PSA	766	$224.8k0.03%	0.03%	Unchanged
78	ISHARES TR 1 3 YR TREAS BD SHY	SHY	2,591	$214.7k0.03%	0.03%	Added +98	+98 3.9%
79	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	7,889	$209.0k0.03%	0.03%	New
80	ISHARES TR AGGRES ALLOC ETF AOA	AOA	2,441	$203.6k0.03%	0.03%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
PRIMO BRANDS CORPORATION PRMB	PRMB	6,181	$206.9k6.2k shares
BECTON DICKINSON & CO BDX	BDX	1,022	$203.5k1.0k shares