Forthright Family Wealth Advisory LLC

Hedge Fund • Quant Macro

Forthright Family Wealth Advisory LLC is a Hedge Fund specializing in Quant Macro based in Austin, TX led by Sanjiv Kumar, reporting $397.2M in AUM as of Q3 2025 with 80% ETF concentration and 62% concentrated in top 10 holdings.

FounderSanjiv Kumar

Portfolio Value: $161.8M
Positions: 55
Top Holding: SPLG at 10.03%
Last Reported: Q3 2025

Address7701 San Felipe Blvd., Suite 100, Austin, TX, 78729, United States

Top Holdings

Largest long holdings in Forthright Family Wealth Advisory LLC's portfolio (62.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$16.2M	10.03%	-$10.1M Sold	— 207.3K shares	Q4 2023 Held for 1y 11m
2 BlackRock Total Return BRTR	Unknown Unknown	$12.8M	7.91%	-$793.6K Sold	— 251.0K shares	Q4 2024 Held for 11 months
3 iShares S&P 500 Growth ETF IVW	ETF ETF	$11.7M	7.26%	-$1.5M Sold	— 97.3K shares	Q4 2023 Held for 1y 11m
4 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$11.1M	6.86%	-$180.0K Sold	— 287.8K shares	Q3 2024 Held for 1y 2m
5 iShares MSCI USA Quality Factor QUAL	ETF ETF	$11.0M	6.81%	-$315.9K Sold	— 56.7K shares	Q4 2023 Held for 1y 11m
6 EFV iShares MSCI EAFE Value EFV	ETF ETF	$9.8M	6.08%	-$943.7K Sold	— 145.2K shares	Q4 2023 Held for 1y 11m
7 AVLV Avantis U.S. Large Cap Value AVLV	ETF ETF	$8.1M	5.00%	+$1.8M Bought	— 112.0K shares	Q2 2024 Held for 1y 5m
8 SCHZ Schwab US Aggregate Bond SCHZ	ETF ETF	$7.4M	4.54%	-$2.5M Sold	— 313.2K shares	Q4 2023 Held for 1y 11m
9 iShares MSCI Emerging Markets ex China EMXC	ETF ETF	$6.6M	4.11%	+$2.1M Bought	— 98.4K shares	Q4 2023 Held for 1y 11m
10 iShares S&P 100 OEF	ETF ETF	$6.0M	3.69%	+$5.7M Bought	— 17.9K shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Forthright Family Wealth Advisory LLC's latest filing

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Market Value

$161.8M

Prior: $157.9M

Q/Q Change

+2.48%

+$3.9M

Net Flows % of MV

-3.25%

Turnover Ratio

16.7%

New Purchases

9 stocks

$7.2M

Added To

21 stocks

+$17.1M

Sold Out Of

4 stocks

$4.4M

Reduced Holdings

20 stocks

-$25.1M

Increased Positions

Position	Shares Δ	Change
1 THRO Theron Resource Group THRO	New	0 → 81.5K +$3.1M
2 SPYV SPDR Portfolio S&P 500 Value ETF SPYV	New	0 → 17.1K +$948.5K
3 SPDR Portfolio S&P 500 Growth ETF SPYG	New	0 → 8.9K +$934.5K
4 Global X Defense Tech SHLD	New	0 → 12.1K +$851.3K
5 ZAUG Innovator Equity Defined Protection ETF ZAUG	New	0 → 20.0K +$529.2K

Decreased Positions

Position	Shares Δ	Change
1 SPDR S&P 500 ETF Trust SPY	Sold	4.1K → 0 −$2.6M
2 iShares Russell 1000 Growth IWF	Sold	2.1K → 0 −$878.0K
3 iShares Russell 1000 Value IWD	Sold	4.0K → 0 −$780.4K
4 Vanguard Extended Market VXF	Sold	1.2K → 0 −$222.6K
5 iShares MSCI EAFE Growth EFG	-63.77%	84.1K → 30.5K −$6.1M