ALM First Financial Advisors, LLC

DALLAS, TX · CIK 1950054 · 13F filing filed 2026-07-10

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$76.2bn
Staff23 · 10 in investment roles
Main clients (by assets)Banks 98%, Insurers 2%
Private funds3 · $42.0m gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityALM FIRST FINANCIAL ADVISORS LLC (US)

Kindinstitutions, futures
Others nearbyDallas, TX

As an employer

Offices in1 country
Private fundsliquidity 2, other private 1

$593.6m reported value +6.5% vs Q1 2026

22positions

87.4%in top 10

0 new 10 added 6 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

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 INDEX FDS S&P 500 ETF SHS VOO	VOO	285,434	$162.9m27.43%	27.43%	Added +6.4k	+6,437 2.3%
2	CAMBRIA ETF TR TRINITY TRTY	TRTY	2,271,000	$68.6m11.56%	11.56%	Reduced -21.6k	-21,636 -0.9%
3	CAMBRIA ETF TR GLOBAL VALUE ETF GVAL	GVAL	1,564,110	$56.3m9.49%	9.49%	Added +543.3k	+543,319 53.2%
4	CAMBRIA ETF TR CAMBRIA FGN SHR FYLD	FYLD	1,477,500	$53.9m9.08%	9.08%	Added +995.0k	+994,955 206.2%
5	CAMBRIA ETF TR VALUE MOMENTUM VAMO	VAMO	1,429,000	$51.3m8.65%	8.65%	Added +563.6k	+563,571 65.1%
6	CAMBRIA ETF TR EMRG SHAREHLDR EYLD	EYLD	983,500	$44.7m7.52%	7.52%	Added +590.3k	+590,251 150.1%
7	CAMBRIA ETF TR GBL REAL EST ETF BLDG	BLDG	999,500	$27.0m4.55%	4.55%	Added +401.4k	+401,373 67.1%
8	VANECK ETF TRUST JP MRGAN EM LOC EMLC	EMLC	749,725	$19.2m3.23%	3.23%	Added +173.1k	+173,090 30.0%
9	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	23,473	$17.5m2.95%	2.95%	Added +4.5k	+4,472 23.5%
10	ISHARES TR CORE S&P500 ETF IVV	IVV	23,355	$17.5m2.95%	2.95%	Added +4.4k	+4,445 23.5%
11	CAMBRIA ETF TR SHSHLD YIELD ETF SYLD	SYLD	177,700	$14.1m2.37%	2.37%	Reduced -91.1k	-91,078 -33.9%
12	LITMAN GREGORY FDS TR IMGP DBI MANAGED DBMF	DBMF	452,775	$13.9m2.33%	2.33%	Reduced -59.6k	-59,635 -11.6%
13	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	487,500	$12.9m2.18%	2.18%	Reduced -82.2k	-82,152 -14.4%
14	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	174,200	$12.8m2.15%	2.15%	Reduced -436.8k	-436,849 -71.5%
15	GRANITESHARES GOLD TR SHS BEN INT BAR	BAR	281,590	$11.1m1.88%	1.88%	Added +48.2k	+48,237 20.7%
16	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	14,000	$4.1m0.70%	0.70%	Unchanged
17	ISHARES TR RUS 1000 GRW ETF IWF	IWF	23,980	$3.0m0.50%	0.50%	Reduced -5.2k	-5,160 -17.7%
18	ISHARES TR CORE US AGGBD ET AGG	AGG	9,767	$966.7k0.16%	0.16%	Unchanged
19	VANGUARD WORLD FD CONSUM STP ETF VDC	VDC	3,898	$716.2k0.12%	0.12%	Unchanged
20	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	3,613	$562.0k0.09%	0.09%	Unchanged
21	VANGUARD WORLD FD HEALTH CAR ETF VHT	VHT	1,389	$338.5k0.06%	0.06%	Unchanged
22	ISHARES TR U.S. MED DVC ETF IHI	IHI	5,568	$275.1k0.05%	0.05%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CAMBRIA ETF TR GMOM	GMOM	1,903,510	$67.2m1.9m shares
FIRST TR EXCHANGE-TRADED FD FMF	FMF	312,052	$15.8m312.1k shares
INVESCO ACTVELY MNGD ETC FD PDBC	PDBC	535,140	$9.3m535.1k shares