# TFG Advisers LLC

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1806473. Source: https://holderbook.com/funds/1806473-tfg-advisers-llc/

- Reported value: $291.9M
- Positions: 208
- Weight of the ten largest: 30.9%
- Filed: 2025-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.5M | 75,710 | 5.3% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.1M | 30,347 | 5.2% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.0M | 69,347 | 3.8% | 26 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.6M | 36,518 | 3.6% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $8.7M | 8,795 | 3.0% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.6M | 34,635 | 2.6% | 27 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $7.5M | 24,173 | 2.6% | 27 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $5.4M | 13,752 | 1.9% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.6M | 12,960 | 1.6% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.3M | 24,264 | 1.5% | 27 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $4.1M | 81,457 | 1.4% | 10 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $4.0M | 96,491 | 1.4% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.9M | 20,918 | 1.3% | 27 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.7M | 12,401 | 1.3% | 27 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $3.6M | 16,186 | 1.2% | 27 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $3.5M | 11,607 | 1.2% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.4M | 21,142 | 1.2% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.4M | 48,477 | 1.2% | 27 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.3M | 14,516 | 1.1% | 27 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $3.2M | 64,340 | 1.1% | 27 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $3.2M | 38,240 | 1.1% | 27 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.0M | 21,121 | 1.0% | 27 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.8M | 4,012 | 1.0% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.8M | 7,695 | 1.0% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.7M | 3,461 | 0.9% | 15 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.6M | 28,309 | 0.9% | 27 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $2.6M | 25,306 | 0.9% | 13 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $2.5M | 56,067 | 0.9% | 27 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.4M | 35,142 | 0.8% | 27 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.3M | 8,067 | 0.8% | 27 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.3M | 7,461 | 0.8% | 27 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.3M | 17,594 | 0.8% | 27 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $2.3M | 53,776 | 0.8% | 9 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.3M | 22,026 | 0.8% | 27 |
| FIRST TR SR FLTG RATE INCOME | [FCT](https://holderbook.com/stocks/FCT/) | $2.3M | 222,532 | 0.8% | 27 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.1M | 8,461 | 0.7% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.0M | 18,543 | 0.7% | 27 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $2.0M | 65,033 | 0.7% | 27 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.0M | 28,099 | 0.7% | 27 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.0M | 9,688 | 0.7% | 27 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.0M | 2,188 | 0.7% | 15 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.9M | 17,485 | 0.6% | 18 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $1.8M | 10,216 | 0.6% | 18 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.8M | 3,736 | 0.6% | 10 |
| FIRST TR EXCHANGE-TRADED FD | [TDIV](https://holderbook.com/stocks/TDIV/) | $1.7M | 19,270 | 0.6% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 11,212 | 0.6% | 27 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.7M | 5,843 | 0.6% | 27 |
| INVESCO EXCHANGE TRADED FD T | [PID](https://holderbook.com/stocks/PID/) | $1.6M | 78,852 | 0.6% | 27 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.6M | 11,868 | 0.6% | 27 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.6M | 9,973 | 0.5% | 27 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.6M | 4,788 | 0.5% | 27 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.6M | 14,251 | 0.5% | 27 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.5M | 2,157 | 0.5% | 27 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $1.5M | 7,012 | 0.5% | 27 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.5M | 5,717 | 0.5% | 27 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $1.5M | 9,291 | 0.5% | 27 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $1.4M | 20,559 | 0.5% | 27 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.4M | 33,304 | 0.5% | 27 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $1.4M | 44,931 | 0.5% | 27 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.4M | 5,649 | 0.5% | 24 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.4M | 64,370 | 0.5% | 5 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $1.4M | 22,523 | 0.5% | 27 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.4M | 19,103 | 0.5% | 21 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.3M | 2,848 | 0.5% | 27 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.3M | 1,783 | 0.5% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.2M | 2,226 | 0.4% | 10 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.2M | 5,178 | 0.4% | 27 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.2M | 4,465 | 0.4% | 18 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $1.2M | 65,371 | 0.4% | 5 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.2M | 22,439 | 0.4% | 7 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.1M | 5,025 | 0.4% | 27 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $1.0M | 28,182 | 0.4% | 20 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.0M | 16,521 | 0.4% | 27 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.0M | 3,648 | 0.3% | 27 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $1.0M | 34,194 | 0.3% | 21 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $998.5K | 33,961 | 0.3% | 27 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $993.3K | 4,265 | 0.3% | 27 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $967.1K | 2,146 | 0.3% | 27 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $955.2K | 4,668 | 0.3% | 19 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $945.4K | 13,141 | 0.3% | 11 |
| FORMULA SYSTEMS 1985 LTD | [FORTY](https://holderbook.com/stocks/FORTY/) | $931.1K | 7,288 | 0.3% | 26 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $925.0K | 2,857 | 0.3% | 18 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $910.8K | 21,010 | 0.3% | 15 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $909.4K | 3,043 | 0.3% | 19 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $898.4K | 3,294 | 0.3% | 24 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $893.5K | 1,590 | 0.3% | 27 |
| WISDOMTREE TR | [DNL](https://holderbook.com/stocks/DNL/) | $887.6K | 22,042 | 0.3% | 20 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $886.9K | 5,429 | 0.3% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $878.6K | 8,985 | 0.3% | 25 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $858.6K | 6,440 | 0.3% | 27 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $848.7K | 8,595 | 0.3% | 19 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $844.8K | 14,664 | 0.3% | 27 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $839.7K | 9,393 | 0.3% | 27 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $833.0K | 8,252 | 0.3% | 27 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $797.9K | 5,866 | 0.3% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $787.3K | 1,274 | 0.3% | 27 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $775.2K | 5,852 | 0.3% | 27 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $760.9K | 4,088 | 0.3% | 7 |
| CAMBRIA ETF TR | [SYLD](https://holderbook.com/stocks/SYLD/) | $756.1K | 11,627 | 0.3% | 18 |
| FIRST TR EXCHANGE-TRADED FD | [FTSL](https://holderbook.com/stocks/FTSL/) | $748.6K | 16,313 | 0.3% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +5.8% | +10.5% | -4.7% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.8% | 100% |
| Q4 2024 | -1.1% | +2.1% | -3.2% | 100% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |
| Q2 2024 | +2.0% | +4.0% | -2.1% | 100% |
| Q1 2024 | +7.0% | +10.0% | -3.0% | 100% |
| Q4 2023 | +10.6% | +11.2% | -0.6% | 100% |
| Q3 2023 | -4.4% | -3.6% | -0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $291.9M | 208 |
| Q1 2025 | $275.6M | 208 |
| Q4 2024 | $277.9M | 207 |
| Q3 2024 | $278.0M | 207 |
| Q2 2024 | $257.7M | 195 |
| Q1 2024 | $255.5M | 203 |
| Q4 2023 | $238.3M | 200 |
| Q3 2023 | $212.8M | 193 |
| Q2 2023 | $220.0M | 197 |
| Q1 2023 | $206.8M | 194 |
| Q4 2022 | $195.0M | 193 |
| Q3 2022 | $179.2M | 190 |