First Affirmative Financial Network

COLORADO SPRINGS, CO · CIK 1656282 · 13F filing filed 2023-07-10

SEC-registered investment adviser since 1999 · limited liability company

Assets managed$905.2m
Staff23 · 12 in investment roles
Main clients (by assets)Individuals 54%, High net worth individuals 44%
Form ADV · 2026-05-22SEC adviser record

$100.1m reported value +15.9% vs Q1 2023

199positions

33.3%in top 10

42 new 100 added 56 reduced 6 sold out vs Q1 2023

Holdings, Q2 2023

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	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	158,331	$9.3m9.28%	9.28%	Reduced -7.6k	-7,573 -4.6%
2	SPDR SER TR PORTFOLIO SH TSR SPTS	SPTS	220,653	$6.4m6.34%	6.34%	Reduced -13.7k	-13,742 -5.9%
3	ISHARES TR MSCI KLD400 SOC DSI	DSI	49,796	$4.2m4.19%	4.19%	Reduced -3.4k	-3,393 -6.4%
4	APPLE INC COM AAPL	AAPL	14,815	$2.9m2.87%	2.87%	Added +719	+719 5.1%
5	INVESCO EXCH TRADED FD TR II S&P GBL WATER CGW	CGW	41,144	$2.1m2.11%	2.11%	Added +456	+456 1.1%
6	MICROSOFT CORP COM MSFT	MSFT	6,112	$2.1m2.08%	2.08%	Added +775	+775 14.5%
7	ISHARES TR GL CLEAN ENE ETF ICLN	ICLN	100,097	$1.8m1.84%	1.84%	Reduced -2.3k	-2,348 -2.3%
8	PROSHARES TR SHT 7-10 YR TR TBX	TBX	57,006	$1.6m1.63%	1.63%	Added +555	+555 1.0%
9	PIMCO ETF TR ENHANCD SHORT EMNT	EMNT	15,993	$1.6m1.56%	1.56%	Reduced -9.7k	-9,710 -37.8%
10	NVIDIA CORPORATION COM NVDA	NVDA	3,312	$1.4m1.40%	1.40%	Added +614	+614 22.8%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	8,103	$969.9k0.97%	0.97%	Added +1.1k	+1,090 15.5%
12	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	9,427	$951.4k0.95%	0.95%	Added +1.5k	+1,488 18.7%
13	MASTERCARD INCORPORATED CL A MA	MA	2,148	$844.7k0.84%	0.84%	Added +575	+575 36.5%
14	ISHARES TR SHRT NAT MUN ETF SUB	SUB	8,035	$836.0k0.83%	0.83%	Reduced -386	-386 -4.6%
15	APPLIED MATLS INC COM AMAT	AMAT	5,779	$835.4k0.83%	0.83%	Added +1.6k	+1,629 39.2%
16	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,590	$829.8k0.83%	0.83%	Added +241	+241 17.9%
17	TESLA INC COM TSLA	TSLA	3,015	$789.3k0.79%	0.79%	Reduced -295	-295 -8.9%
18	AMAZON COM INC COM AMZN	AMZN	6,048	$788.5k0.79%	0.79%	Added +890	+890 17.2%
19	JOHNSON & JOHNSON COM JNJ	JNJ	4,647	$769.2k0.77%	0.77%	Added +496	+496 11.9%
20	CHUNGHWA TELECOM CO LTD SPON ADR NEW11 CHT	CHT	19,493	$726.9k0.73%	0.73%	Added +7.7k	+7,725 65.6%
21	SAP SE SPON ADR SAP	SAP	5,273	$721.4k0.72%	0.72%	Reduced -34	-34 -0.6%
22	UNILEVER PLC SPON ADR NEW SPON ADR NEW		13,692	$713.8k0.71%	0.71%	Added +1.9k	+1,871 15.8%
23	AMERICAN EXPRESS CO COM AXP	AXP	4,026	$701.3k0.70%	0.70%	Added +399	+399 11.0%
24	UNITED PARCEL SERVICE INC CL B UPS	UPS	3,859	$691.7k0.69%	0.69%	Added +82	+82 2.2%
25	META PLATFORMS INC CL A META	META	2,410	$691.6k0.69%	0.69%	Reduced -196	-196 -7.5%
26	UNITEDHEALTH GROUP INC COM UNH	UNH	1,427	$685.9k0.68%	0.68%	Reduced -39	-39 -2.7%
27	VISA INC COM CL A V	V	2,849	$676.5k0.68%	0.68%	Added +243	+243 9.3%
28	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	933	$676.0k0.68%	0.68%	Added +36	+36 4.0%
29	ADOBE INC COM ADBE	ADBE	1,381	$675.4k0.67%	0.67%	Added +412	+412 42.5%
30	CISCO SYS INC COM CSCO	CSCO	12,811	$662.8k0.66%	0.66%	Added +1.5k	+1,524 13.5%
31	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	14,142	$652.8k0.65%	0.65%	Reduced -112	-112 -0.8%
32	SPDR SER TR NUVEEN BLMBRG SH SHM	SHM	13,869	$652.5k0.65%	0.65%	Reduced -362	-362 -2.5%
33	DANAHER CORPORATION COM DHR	DHR	2,710	$650.3k0.65%	0.65%	Added +386	+386 16.6%
34	PROCTER AND GAMBLE CO COM PG	PG	4,208	$638.6k0.64%	0.64%	Added +559	+559 15.3%
35	PALO ALTO NETWORKS INC COM PANW	PANW	2,430	$621.0k0.62%	0.62%	Reduced -21	-21 -0.9%
36	ISHARES TR NATIONAL MUN ETF MUB	MUB	5,786	$617.5k0.62%	0.62%	Reduced -76	-76 -1.3%
37	MERCK & CO INC COM MRK	MRK	5,200	$600.1k0.60%	0.60%	Added +1.0k	+1,000 23.8%
38	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	4,162	$594.1k0.59%	0.59%	Reduced -358	-358 -7.9%
39	NOVO-NORDISK A S ADR NVO	NVO	3,603	$583.0k0.58%	0.58%	Reduced -409	-409 -10.2%
40	REALTY INCOME CORP COM O	O	9,547	$570.8k0.57%	0.57%	Added +880	+880 10.2%
41	AMERICAN CENTY ETF TR DIVERSIFIED MU TAXF	TAXF	10,992	$549.6k0.55%	0.55%	Reduced -22	-22 -0.2%
42	INTUIT COM INTU	INTU	1,186	$543.5k0.54%	0.54%	Added +267	+267 29.1%
43	STRYKER CORPORATION COM SYK	SYK	1,779	$542.6k0.54%	0.54%	Reduced -12	-12 -0.7%
44	TOYOTA MOTOR CORP ADS TM	TM	3,333	$535.7k0.54%	0.54%	Reduced -126	-126 -3.6%
45	MEDTRONIC PLC SHS MDT	MDT	6,063	$534.2k0.53%	0.53%	Added +487	+487 8.7%
46	NOVARTIS AG SPONSORED ADR NVS	NVS	5,264	$531.2k0.53%	0.53%	Reduced -230	-230 -4.2%
47	ALPHABET INC CAP STK CL C GOOG	GOOG	4,172	$504.7k0.50%	0.50%	Reduced -228	-228 -5.2%
48	PROLOGIS INC. COM PLD	PLD	4,021	$493.1k0.49%	0.49%	Added +274	+274 7.3%
49	ILLINOIS TOOL WKS INC COM ITW	ITW	1,969	$492.6k0.49%	0.49%	Added +277	+277 16.4%
50	INVESCO EXCH TRADED FD TR II NATL AMT MUNI PZA	PZA	20,869	$492.5k0.49%	0.49%	Reduced -526	-526 -2.5%
51	AMERICAN TOWER CORP NEW COM AMT	AMT	2,481	$481.1k0.48%	0.48%	Reduced -277	-277 -10.0%
52	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	2,184	$480.1k0.48%	0.48%	Added +324	+324 17.4%
53	CHUBB LIMITED COM CB	CB	2,433	$468.5k0.47%	0.47%	Added +560	+560 29.9%
54	THE CIGNA GROUP COM CI	CI	1,668	$467.9k0.47%	0.47%	Reduced -29	-29 -1.7%
55	ABBOTT LABS COM ABT	ABT	4,230	$461.1k0.46%	0.46%	Added +716	+716 20.4%
56	S&P GLOBAL INC COM SPGI	SPGI	1,124	$450.5k0.45%	0.45%	Added +208	+208 22.7%
57	GRAINGER W W INC COM GWW	GWW	570	$449.5k0.45%	0.45%	Reduced -107	-107 -15.8%
58	PIMCO ETF TR INTER MUN BD ACT MUNI	MUNI	8,657	$448.8k0.45%	0.45%	Reduced -83	-83 -0.9%
59	EQUINIX INC COM EQIX	EQIX	569	$446.1k0.45%	0.45%	Added +120	+120 26.7%
60	ELI LILLY & CO COM LLY	LLY	922	$432.3k0.43%	0.43%	Added +214	+214 30.2%
61	INTEL CORP COM INTC	INTC	12,769	$427.0k0.43%	0.43%	Added +3.3k	+3,309 35.0%
62	EATON CORP PLC SHS ETN	ETN	2,116	$425.6k0.43%	0.43%	Added +575	+575 37.3%
63	DISNEY WALT CO COM DIS	DIS	4,729	$422.2k0.42%	0.42%	Added +844	+844 21.7%
64	TEXAS INSTRS INC COM TXN	TXN	2,344	$422.0k0.42%	0.42%	Added +615	+615 35.6%
65	STARBUCKS CORP COM SBUX	SBUX	4,254	$421.4k0.42%	0.42%	Added +587	+587 16.0%
66	INVESTMENT MANAGERS SER TR I AXS CHANGE FINAN AXS CHANGE FINAN		13,466	$421.1k0.42%	0.42%	Reduced -1.4k	-1,403 -9.4%
67	TORONTO DOMINION BK ONT COM NEW TD	TD	6,780	$420.4k0.42%	0.42%	Added +2.6k	+2,586 61.7%
68	TARGET CORP COM TGT	TGT	3,183	$419.8k0.42%	0.42%	Added +384	+384 13.7%
69	ABBVIE INC COM ABBV	ABBV	3,106	$418.5k0.42%	0.42%	Added +472	+472 17.9%
70	ISHARES TR IBONDS DEC2023 IBONDS DEC2023		16,332	$416.3k0.42%	0.42%	Reduced -244	-244 -1.5%
71	US BANCORP DEL COM NEW USB	USB	12,509	$413.3k0.41%	0.41%	Added +46	+46 0.4%
72	MCCORMICK & CO INC COM NON VTG MKC	MKC	4,735	$413.1k0.41%	0.41%	Added +471	+471 11.1%
73	GENUINE PARTS CO COM GPC	GPC	2,407	$407.4k0.41%	0.41%	Reduced -95	-95 -3.8%
74	HOME DEPOT INC COM HD	HD	1,306	$405.7k0.41%	0.41%	Reduced -176	-176 -11.9%
75	AIR PRODS & CHEMS INC COM APD	APD	1,343	$402.2k0.40%	0.40%	Reduced -62	-62 -4.4%
76	BOOKING HOLDINGS INC COM BKNG	BKNG	148	$399.8k0.40%	0.40%	Added +35	+35 31.0%
77	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	1,293	$399.0k0.40%	0.40%	Added +374	+374 40.7%
78	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	7,913	$396.0k0.40%	0.40%	Added +2.9k	+2,879 57.2%
79	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	5,984	$394.8k0.39%	0.39%	Added +954	+954 19.0%
80	LOWES COS INC COM LOW	LOW	1,736	$391.8k0.39%	0.39%	Added +318	+318 22.4%
81	WEC ENERGY GROUP INC COM WEC	WEC	4,357	$384.5k0.38%	0.38%	Added +3	+3 0.1%
82	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		5,340	$382.1k0.38%	0.38%	Reduced -60	-60 -1.1%
83	ISHARES TR IBONDS DEC IBONDS DEC		14,762	$380.3k0.38%	0.38%	Reduced -373	-373 -2.5%
84	ELEVANCE HEALTH INC COM ELV	ELV	855	$380.0k0.38%	0.38%	Reduced -157	-157 -15.5%
85	INVESCO EXCH TRADED FD TR II FLOATING RATE MU PVI	PVI	15,257	$379.9k0.38%	0.38%	Reduced -418	-418 -2.7%
86	ISHARES TR IBONDS DEC 25 IBONDS DEC 25		14,404	$379.3k0.38%	0.38%	Reduced -360	-360 -2.4%
87	AUTOLIV INC COM ALV	ALV	4,432	$376.9k0.38%	0.38%	New
88	SERVICENOW INC COM NOW	NOW	657	$369.1k0.37%	0.37%	New
89	PAYPAL HLDGS INC COM PYPL	PYPL	5,490	$366.3k0.37%	0.37%	Added +1.1k	+1,067 24.1%
90	ECOLAB INC COM ECL	ECL	1,942	$362.5k0.36%	0.36%	Reduced -16	-16 -0.8%
91	CINTAS CORP COM CTAS	CTAS	715	$355.4k0.35%	0.35%	Added +135	+135 23.3%
92	ORACLE CORP COM ORCL	ORCL	2,977	$354.5k0.35%	0.35%	Added +569	+569 23.6%
93	KIMBERLY-CLARK CORP COM KMB	KMB	2,508	$346.2k0.35%	0.35%	Added +302	+302 13.7%
94	FIRST SOLAR INC COM FSLR	FSLR	1,816	$345.2k0.34%	0.34%	Reduced -191	-191 -9.5%
95	TRAVELERS COMPANIES INC COM TRV	TRV	1,980	$343.8k0.34%	0.34%	Added +308	+308 18.4%
96	TJX COS INC NEW COM TJX	TJX	4,002	$339.3k0.34%	0.34%	Added +294	+294 7.9%
97	VERIZON COMMUNICATIONS INC COM VZ	VZ	9,007	$335.0k0.33%	0.33%	Added +1.7k	+1,659 22.6%
98	ROYAL BK CDA COM RY	RY	3,474	$331.8k0.33%	0.33%	Added +648	+648 22.9%
99	LAM RESEARCH CORP COM COM		508	$326.9k0.33%	0.33%	Added +49	+49 10.7%
100	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,437	$326.2k0.33%	0.33%	Added +712	+712 41.3%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
ABB LTD ABBNY	ABBNY	15,829	$542.9k15.8k shares
THOMSON REUTERS CORP.		2,034	$264.6k2.0k shares
CANADIAN PAC RY LTD		2,930	$225.4k2.9k shares
ISHARES TR SUSC	SUSC	9,755	$224.5k9.8k shares
LAMB WESTON HLDGS INC LW	LW	2,042	$213.4k2.0k shares
EXELA TECHNOLOGIES INC		33,819	$1.3k33.8k shares