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Forefront Analytics, LLC

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13F filer, CIK 1696802, WEST CONSHOHOCKEN, PA

Forefront Analytics, LLC reported $103,824,199 across 43 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-21. Its ten largest share positions make up 76.93% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001696802-25-000003

Period
2025-09-30
Reported value
$104M
Holdings
43
Top 10 weight
76.93%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ESGDadded+112,537$10.5M
ESGGnew+24,370$4.81M
ESGEadded+57,571$2.5M
DHRnew+1,313$260K
UNHadded+396$137K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NULVreduced-97,940-$4.29M
VWOreduced-35,322-$1.91M
MTUMreduced-3,349-$859K
HEEMreduced-15,602-$525K
INDAexited-7,426-$413K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001696802-25-000003, largest first. % of portfolio is the value over $103,824,199, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ESGDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 72,693 shares; 2025Q3: 185,230 shares 185,230$17.2M16.59%+112,537Timeline
NULVNUSHARES ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 694,636 shares; 2024Q4: 638,823 shares; 2025Q1: 555,012 shares; 2025Q2: 345,887 shares; 2025Q3: 247,947 shares 247,947$10.9M10.47%-97,940Timeline
MTUMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,712 shares; 2024Q4: 38,945 shares; 2025Q1: 41,771 shares; 2025Q2: 40,843 shares; 2025Q3: 37,494 shares 37,494$9.62M9.26%-3,349Timeline
ESGEISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 140,414 shares; 2025Q3: 197,985 shares 197,985$8.6M8.28%+57,571Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,537 shares; 2024Q4: 148,409 shares; 2025Q1: 156,884 shares; 2025Q2: 172,044 shares; 2025Q3: 136,722 shares 136,722$7.41M7.14%-35,322Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 193,730 shares; 2024Q4: 108,783 shares; 2025Q1: 109,288 shares; 2025Q2: 110,174 shares; 2025Q3: 110,468 shares 110,468$6.62M6.38%+294Timeline
DBEFDBX ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 148,602 shares; 2024Q4: 98,634 shares; 2025Q1: 107,155 shares; 2025Q2: 126,874 shares; 2025Q3: 119,658 shares 119,658$5.55M5.35%-7,216Timeline
HDVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,615 shares; 2024Q4: 34,438 shares; 2025Q1: 43,108 shares; 2025Q2: 41,996 shares; 2025Q3: 39,889 shares 39,889$4.88M4.7%-2,107Timeline
ESGGFLEXSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,144 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,370 shares 24,370$4.81M4.63%newTimeline
USMVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,788 shares; 2024Q4: 45,308 shares; 2025Q1: 45,249 shares; 2025Q2: 45,174 shares; 2025Q3: 45,153 shares 45,153$4.3M4.14%-21Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,069 shares; 2024Q4: 13,154 shares; 2025Q1: 14,334 shares; 2025Q2: 16,391 shares; 2025Q3: 16,444 shares 16,444$3.07M2.95%+53Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,909 shares; 2024Q4: 4,611 shares; 2025Q1: 4,581 shares; 2025Q2: 4,419 shares; 2025Q3: 4,046 shares 4,046$2.71M2.61%-373Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,557 shares; 2024Q4: 14,959 shares; 2025Q1: 14,985 shares; 2025Q2: 14,852 shares; 2025Q3: 13,975 shares 13,975$2.61M2.51%-877Timeline
VBVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,450 shares; 2024Q4: 4,238 shares; 2025Q1: 4,255 shares; 2025Q2: 9,503 shares; 2025Q3: 9,534 shares 9,534$2.42M2.34%+31Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,964 shares; 2024Q4: 2,728 shares; 2025Q1: 2,737 shares; 2025Q2: 2,746 shares; 2025Q3: 2,752 shares 2,752$1.83M1.77%+6Timeline
HEEMISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,806 shares; 2024Q4: 63,026 shares; 2025Q1: 64,209 shares; 2025Q2: 64,057 shares; 2025Q3: 48,455 shares 48,455$1.63M1.57%-15,602Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,281 shares; 2024Q4: 3,345 shares; 2025Q1: 3,360 shares; 2025Q2: 3,321 shares; 2025Q3: 3,337 shares 3,337$1.05M1.01%+16Timeline
EESWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,052 shares; 2024Q4: 25,665 shares; 2025Q1: 26,006 shares; 2025Q2: 20,571 shares; 2025Q3: 17,919 shares 17,919$1M0.96%-2,652Timeline
EMLPFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,033 shares; 2024Q4: 216,001 shares; 2025Q1: 13,282 shares; 2025Q2: 18,970 shares; 2025Q3: 18,954 shares 18,954$726K0.7%-16Timeline
EDVVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,754 shares; 2024Q4: 109,780 shares; 2025Q1: not reported; 2025Q2: 9,389 shares; 2025Q3: 9,504 shares 9,504$651K0.63%+115Timeline
IEIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,766 shares; 2024Q4: 23,727 shares; 2025Q1: 1,851 shares; 2025Q2: 5,119 shares; 2025Q3: 4,904 shares 4,904$586K0.56%-215Timeline
DEDEERE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,114 shares; 2024Q4: 1,118 shares; 2025Q1: 1,122 shares; 2025Q2: 1,126 shares; 2025Q3: 1,129 shares 1,129$516K0.5%+3Timeline
SSOPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,042 shares; 2025Q1: 4,042 shares; 2025Q2: 4,050 shares; 2025Q3: 4,066 shares 4,066$456K0.44%+16Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,883 shares; 2024Q4: 2,683 shares; 2025Q1: not reported; 2025Q2: 2,893 shares; 2025Q3: 3,012 shares 3,012$403K0.39%+119Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,323 shares; 2024Q4: 3,077 shares; 2025Q1: 3,001 shares; 2025Q2: 4,333 shares; 2025Q3: 4,145 shares 4,145$395K0.38%-188Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 733 shares; 2024Q4: 787 shares; 2025Q1: 820 shares; 2025Q2: 734 shares; 2025Q3: 1,130 shares 1,130$390K0.38%+396Timeline
UWMPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,608 shares; 2024Q4: 7,887 shares; 2025Q1: 7,887 shares; 2025Q2: 7,907 shares; 2025Q3: 7,945 shares 7,945$368K0.35%+38Timeline
EWEDWARDS LIFESCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,142 shares; 2024Q4: 3,226 shares; 2025Q1: 4,971 shares; 2025Q2: 4,445 shares; 2025Q3: 4,492 shares 4,492$349K0.34%+47Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,294 shares; 2024Q4: 14,903 shares; 2025Q1: 8,651 shares; 2025Q2: 13,428 shares; 2025Q3: 12,578 shares 12,578$320K0.31%-850Timeline
INCYINCYTE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,747 shares; 2024Q4: 4,847 shares; 2025Q1: 3,370 shares; 2025Q2: 5,094 shares; 2025Q3: 3,744 shares 3,744$318K0.31%-1,350Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,889 shares; 2024Q4: 6,708 shares; 2025Q1: not reported; 2025Q2: 3,183 shares; 2025Q3: 3,229 shares 3,229$262K0.25%+46Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,313 shares 1,313$260K0.25%newTimeline
TIPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,077 shares; 2024Q4: 57,329 shares; 2025Q1: 2,974 shares; 2025Q2: 2,452 shares; 2025Q3: 2,211 shares 2,211$246K0.24%-241Timeline
IGFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,789 shares; 2024Q4: 79,739 shares; 2025Q1: 6,808 shares; 2025Q2: 3,905 shares; 2025Q3: 3,905 shares 3,905$239K0.23%0Timeline
REGNREGENERON PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 297 shares; 2024Q4: 368 shares; 2025Q1: not reported; 2025Q2: 490 shares; 2025Q3: 412 shares 412$232K0.22%-78Timeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,401 shares; 2025Q2: 1,413 shares; 2025Q3: 1,424 shares 1,424$231K0.22%+11Timeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,567 shares; 2024Q4: 4,629 shares; 2025Q1: not reported; 2025Q2: 1,975 shares; 2025Q3: 1,991 shares 1,991$222K0.21%+16Timeline
ZURAZURA BIO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,810 shares; 2024Q4: 53,734 shares; 2025Q1: 108,308 shares; 2025Q2: 63,985 shares; 2025Q3: 21,518 shares 21,518$93.2K0.09%-42,467Timeline
ANNXANNEXON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,483 shares; 2024Q4: 16,433 shares; 2025Q1: 28,591 shares; 2025Q2: 27,575 shares; 2025Q3: 27,027 shares 27,027$82.4K0.08%-548Timeline
NKTXNKARTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,646 shares; 2024Q4: 30,046 shares; 2025Q1: 29,191 shares; 2025Q2: 27,979 shares; 2025Q3: 39,452 shares 39,452$81.7K0.08%+11,473Timeline
GERNGERON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,491 shares; 2024Q4: 19,023 shares; 2025Q1: 62,973 shares; 2025Q2: 35,181 shares; 2025Q3: 52,258 shares 52,258$71.6K0.07%+17,077Timeline
MREOMEREO BIOPHARMA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,800 shares; 2024Q4: 34,753 shares; 2025Q1: 47,630 shares; 2025Q2: 19,138 shares; 2025Q3: 33,180 shares 33,180$68.4K0.07%+14,042Timeline
CTMXCYTOMX THERAPEUTICS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,760 shares; 2024Q4: 64,259 shares; 2025Q1: 100,070 shares; 2025Q2: 27,698 shares; 2025Q3: 18,109 shares 18,109$57.8K0.06%-9,589Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
INDAISHARES TR7,426$413Kshares
TMOTHERMO FISHER SCIENTIFIC INC891$361Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001696802-25-000003 base2025-11-21acceptance time not in the bulk data set