MCF Advisors LLC

RIA/Wealth

MCF Advisors LLC is a RIA/Wealth based in Lexington, KY led by David Lee Harris, reporting $3.3B in AUM as of Q3 2025 with 86% ETF concentration, 62% concentrated in top 10 holdings, 18% allocation to VOO, and minimal technology exposure.

CEODavid Lee Harris

Portfolio Value: $1.6B
Positions: 962
Top Holding: VOO at 17.76%
Last Reported: Q3 2025

Address333 West Vine Street, Suite 1740, Lexington, KY, 40507, United States

Top Holdings

Largest long holdings in MCF Advisors LLC's portfolio (61.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard S&P 500 ETF VOO	ETF ETF	$289.9M	17.76%	-$18.8M Sold	— 472.3K shares	Q3 2013 Held for 12y 2m
2 iShares Core MSCI International Developed Markets IDEV	ETF ETF	$124.5M	7.63%	+$2.9M Bought	— 1.6M shares	Q4 2022 Held for 2y 11m
3 iShares U.S. Treasury Bond GOVT	ETF ETF	$98.9M	6.06%	+$3.2M Bought	— 4.3M shares	Q3 2022 Held for 3y 2m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$95.9M	5.88%	-$1.1M Sold	— 143.7K shares	Q4 2011 Held for 13y 11m
5 SPDR Portfolio Short Term Corporate Bond SPSB	ETF ETF	$87.5M	5.36%	+$20.9M Bought	— 2.9M shares	Q3 2022 Held for 3y 2m
6 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$78.5M	4.81%	-$2.7M Sold	— 1.2M shares	Q4 2015 Held for 9y 11m
7 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$65.1M	3.99%	-$926.0K Sold	— 996.9K shares	Q3 2015 Held for 10y 2m
8 SCHO Schwab Short-Term U.S. Treasury SCHO	ETF ETF	$63.5M	3.89%	+$4.3M Bought	— 2.6M shares	Q2 2016 Held for 9y 5m
9 BlackRock Flexible Income BINC	ETF ETF	$57.8M	3.54%	+$7.0M Bought	— 1.1M shares	Q4 2024 Held for 11 months
10 Vanguard Value VTV	ETF ETF	$48.2M	2.95%	+$1.6M Bought	— 257.8K shares	Q4 2011 Held for 13y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MCF Advisors LLC's latest filing

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Market Value

$1.6B

Prior: $1.5B

Q/Q Change

+7.9%

+$119.5M

Net Flows % of MV

+2.09%

Turnover Ratio

3.41%

New Purchases

65 stocks

$2.1M

Added To

299 stocks

+$70.4M

Sold Out Of

48 stocks

$913.2K

Reduced Holdings

120 stocks

-$37.5M

Increased Positions

Position	Shares Δ	Change
1 IBCA Intervest Bancshares Corp IBCA	New	0 → 27.2K +$708.4K
2 Aeluma Inc. ALMU	New	0 → 16.6K +$267.3K
3 EyePoint, Inc. EYPT	New	0 → 13.8K +$196.1K
4 Galaxy Digital Inc. Class A Common Stock GLXY	New	0 → 2.2K +$75.2K
5 VictoryShares Free Cash Flow VFLO	New	0 → 1.7K +$65.0K

Decreased Positions

Position	Shares Δ	Change
1 CleanSpark CLSK	Sold	15.0K → 0 −$165.5K
2 Fortinet FTNT	Sold	1.4K → 0 −$151.2K
3 Greif GEF	Sold	1.5K → 0 −$98.3K
4 Walgreens Boots Alliance WBA	Sold	6.9K → 0 −$78.7K
5 AST SpaceMobile ASTS	Sold	1.0K → 0 −$46.7K

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Analytics

Portfolio insights and performance metrics for MCF Advisors LLC

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Sector Allocation

ETF

85.50%

Technology

4.60%

Financial Services

2.70%

Industrials

1.30%

Healthcare

1.30%

Consumer Cyclical

1.20%

Consumer Defensive

1.00%

Communication Services

0.90%

Energy

0.50%

Utilities

0.30%

Real Estate

0.20%

Basic Materials

0.10%

Market Cap Distribution

Mega Cap (> $200B)

8.15%

Large Cap ($10B - $200B)

4.92%

Mid Cap ($2B - $10B)

0.75%

Small Cap ($300M - $2B)

0.37%

Micro Cap ($50M - $300M)

0.02%

Nano Cap (< $50M)

0.04%

N/A (ETF or Unknown)

85.75%

Portfolio Concentration

Top 10 Holdings %

61.88%

Top 20 Holdings %

78.43%

Top 50 Holdings %

89.06%

Top 100 Holdings %

94.06%