diff --git a/apps/api/src/app/activities/activities.service.ts b/apps/api/src/app/activities/activities.service.ts
index 3627de912..a40f6f952 100644
--- a/apps/api/src/app/activities/activities.service.ts
+++ b/apps/api/src/app/activities/activities.service.ts
@@ -1031,8 +1031,8 @@ export class ActivitiesService {
               },
               {
                 OR: [
-                  { assetProfileOverrides: { is: null } },
-                  { assetProfileOverrides: { assetClass: null } }
+                  { assetProfileOverrides: { assetClass: null } },
+                  { assetProfileOverrides: { is: null } }
                 ]
               }
             ]
diff --git a/apps/api/src/app/portfolio/portfolio.service.spec.ts b/apps/api/src/app/portfolio/portfolio.service.spec.ts
index a50d8ad93..227262c40 100644
--- a/apps/api/src/app/portfolio/portfolio.service.spec.ts
+++ b/apps/api/src/app/portfolio/portfolio.service.spec.ts
@@ -135,8 +135,8 @@ describe('PortfolioService', () => {
               { OR: [{ assetClass: AssetClass.EQUITY }] },
               {
                 OR: [
-                  { assetProfileOverrides: { is: null } },
-                  { assetProfileOverrides: { assetClass: null } }
+                  { assetProfileOverrides: { assetClass: null } },
+                  { assetProfileOverrides: { is: null } }
                 ]
               }
             ]
diff --git a/apps/api/src/app/portfolio/portfolio.service.ts b/apps/api/src/app/portfolio/portfolio.service.ts
index 5e1736dbe..5075f00e7 100644
--- a/apps/api/src/app/portfolio/portfolio.service.ts
+++ b/apps/api/src/app/portfolio/portfolio.service.ts
@@ -176,8 +176,8 @@ export class PortfolioService {
                 { OR: whereAssetClassConditions },
                 {
                   OR: [
-                    { assetProfileOverrides: { is: null } },
-                    { assetProfileOverrides: { assetClass: null } }
+                    { assetProfileOverrides: { assetClass: null } },
+                    { assetProfileOverrides: { is: null } }
                   ]
                 }
               ]