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Applied Finance Advisors, LLC
Rafael Resendes · Investment Advisor · Value
Applied Finance Advisors, LLC is an SEC-registered investment advisor headquartered in San Antonio, Texas. Founded in 1995 by Rafael Resendes and Daniel Obrycki, the firm began as a pioneering research boutique dedicated to bridging the gap between fundamental and systematic analysis. The institution is widely recognized for developing the Economic Margin framework and the Quantitative Valuation methodology, which focus on identifying companies trading below their intrinsic value. AFA primarily provides portfolio management services for investment companies, including mutual funds and ETFs, leveraging a disciplined and repeatable research process to assess corporate performance and valuation sustainability.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +26.1% |
| YTD return | +21.5% |
| Sharpe ratio | 2.99 |
| Win rate | 48% |
| AUM | $0.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.appliedfinancefunds.com |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CSCO | Cisco Systems Inc | 7.2% | +48.8% |
| AMAT | Applied Materials Inc | 7.0% | +49.2% |
| AAPL | Apple Inc | 6.7% | +25.1% |
| HPQ | HP Inc | 6.6% | +70.2% |
| KLAC | KLA-Tencor Corporation | 6.3% | -27.7% |
| MSFT | Microsoft Corporation | 5.7% | +5.9% |
| GOOGL | Alphabet Inc Class A | 5.4% | +26.2% |
| FIX | Comfort Systems USA Inc | 5.1% | +49.0% |
| VLO | Valero Energy Corporation | 4.8% | +26.2% |
| VZ | Verizon Communications Inc | 4.4% | +5.7% |
| STRL | Sterling Construction Company Inc | 4.3% | +2.8% |
| META | Meta Platforms Inc. | 4.2% | -3.4% |
| ROP | Roper Technologies, Inc. | 4.2% | +5.3% |
| IBM | International Business Machines | 4.2% | -9.8% |
| ORCL | Oracle Corporation | 4.1% | +3.7% |
| DIS | Walt Disney Company | 4.1% | +6.3% |
| TRV | The Travelers Companies Inc | 4.0% | +9.1% |
| PARR | Par Pacific Holdings Inc | 3.9% | +4.1% |
| ENVA | Enova International Inc | 3.9% | -1.8% |
| ADBE | Adobe Systems Incorporated | 3.9% | -13.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | BUY | CSCO | 7.3% → 7.2% |
| Sep 7, 2026 | BUY | ADBE | 4.2% → 3.9% |
| Sep 7, 2026 | SELL | ORCL | 4.0% → 4.1% |
| Sep 7, 2026 | SELL | JPM | 3.9% → 0.0% |
| Sep 7, 2026 | BUY | VLO | 4.5% → 4.8% |
Investment Style Analysis
Applied Finance Advisors, LLC is widely recognized for employing a Value strategy. As of Sep 11, 2026, the firm oversees approximately $0.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductor Equipment & Materials and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Applied Finance Advisors, LLC made a significant move by increasing exposure to CSCO. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's investment philosophy is rooted in the belief that true value is identified by measuring a company's economic performance and intrinsic worth rather than relying on simplistic price multiples. Using its proprietary Economic Margin framework, Applied Finance Advisors evaluates firms by adjusting accounting data to reflect economic reality, focusing on capital discipline and economic profitability. The strategy avoids 'cheapness' investing in favor of a rigorous, valuation-driven approach that identifies companies with attractive future expected returns. By calculating point-in-time intrinsic value estimates for thousands of global stocks weekly, the firm maintains an objective and consistent process designed to generate long-term alpha.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Applied Finance Advisors, LLC.
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Frequently asked questions
How is the simulated portfolio for Applied Finance Advisors, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Applied Finance Advisors, LLC's largest holding?
As of the latest filing, Applied Finance Advisors, LLC's top position is Cisco Systems Inc (CSCO), representing 7.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is Applied Finance Advisors, LLC's historical performance and risk profile?
Our simulation indicates a total return of +26.1% with a win rate of 48%. Notably, the portfolio maintains a Sharpe Ratio of 2.99, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Applied Finance Advisors, LLC primarily invest in?
Applied Finance Advisors, LLC has a strong preference for the Semiconductor Equipment & Materials sector, which makes up 13.3% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Applied Finance Advisors, LLC's portfolio concentrated or diversified?
Applied Finance Advisors, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 20.8% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Applied Finance Advisors, LLC performed in 2026?
Our AI-simulated model portfolio for Applied Finance Advisors, LLC tracks a Year-to-Date (YTD) return of +21.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Rafael Resendes manage Applied Finance Advisors, LLC directly?
Yes, Rafael Resendes serves as the key portfolio manager for Applied Finance Advisors, LLC, overseeing the investment strategy and final capital allocation decisions.