AAA

Affinity Asset Advisors Portfolio holdings

AUM $676M

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4

This Quarter Return

+46.42%

1 Year Return

+29.75%

3 Year Return

+452.89%

5 Year Return

–

10 Year Return

–

AUM

$502M

AUM Growth

+$502M (+64%)

Cap. Flow

+$75.9M

Cap. Flow % of AUM

15.13%

Top 10 Holdings % Top 10 Hldgs %

46.98%

Holding

New

Increased

Reduced

Closed

Top Buys

1	IMGN Immunogen Inc IMGN	$41.6M
2	LIAN LianBio American Depositary Shares LIAN	$13.9M
3	Celldex Therapeutics CLDX	$9.92M
4	Nuvalent NUVL	$9.2M
5	Xenon Pharmaceuticals XENE	$7.35M

Top Sells

1	Apogee Therapeutics APGE	$14.2M
2	Kura Oncology KURA	$9.56M
3	MORF Morphic Holding, Inc. Common Stock MORF	$6.57M
4	Cytokinetics CYTK	$5.87M
5	Mersana Therapeutics MRSN	$4.29M

Sector Composition

Healthcare

94.3%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	51 Mirum Pharmaceuticals MIRM $3.75B	$1.48M	0.27%	50,000 +20,000	+67%	+$590K
52	52 NewAmsterdam Pharma NAMS $2.8B	$1.4M	0.26%	125,000	–	–
53	53 Neurocrine Biosciences NBIX $13.5B	$1.32M	0.24%	+10,000	New	+$1.32M
54	NARI 54 DELISTED Inari Medical, Inc. Common Stock NARI	$1.3M	0.24%	+20,000	New	+$1.3M
55	55 Allogene Therapeutics ALLO $249M	$1.28M	0.23%	+400,000	New	+$1.28M
56	MORF 56 DELISTED Morphic Holding, Inc. Common Stock MORF	$1.23M	0.23%	42,670 -227,330	-84%	-$6.57M
57	57 Viridian Therapeutics VRDN $1.59B	$1.09M	0.2%	+50,000	New	+$1.09M
58	58 Biohaven BHVN $1.71B	$893K	0.16%	20,866 -9,290	-31%	-$398K
59	59 Puma Biotechnology PBYI $258M	$876K	0.16%	202,349	–	–
60	60 Fulcrum Therapeutics FULC $353M	$844K	0.15%	+125,000	New	+$844K
61	TECX 61 Tectonic Therapeutic, Inc. Common Stock TECX $305M	$680K	0.12%	500,000	–	–
62	IMTXW 62 DELISTED Immatics N.V. Warrants IMTXW	$547K	0.1%	187,204	–	–
63	63 NewAmsterdam Pharma Company N.V. Warrant NAMSW $64M	$429K	0.08%	137,000	–	–
64	64 Terns Pharmaceuticals TERN $651M	$428K	0.08%	66,000 -259,000	-80%	-$1.68M
65	65 Nuvation Bio NUVB $1.08B	$378K	0.07%	250,000	–	–
66	66 Context Therapeutics CNTX $75.6M	$372K	0.07%	328,817	–	–
67	67 InflaRx IFRX $117M	$326K	0.06%	200,097 -125,000	-38%	-$204K
68	68 ProMIS Neurosciences PMN $23.7M	$306K	0.06%	265,958	–	–
69	ARAV 69 DELISTED Aravive, Inc. Common Stock ARAV	$42.9K	0.01%	346,511	–	–
70	70 Rocket Pharmaceuticals, Inc. Warrant RCKTW $4.17M	$36.8K	0.01%	75,000	–	–
71	SGEN 71 DELISTED Seagen Inc. Common Stock SGEN	–	–	-10,000	Closed	-$2.12M
72	THRX 72 DELISTED Theseus Pharmaceuticals, Inc. Common Stock THRX	–	–	-400,726	Closed	-$1.08M
73	73 Travere Therapeutics TVTX $1.75B	–	–	-100,000	Closed	-$894K
74	74 Cassava Sciences SAVA $107M	–	–	0	–	–
75	75 Prothena Corp PRTA $452M	–	–	-79,214	Closed	-$3.82M