# TFC Financial Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1827844. Source: https://holderbook.com/funds/1827844-tfc-financial-management-inc/

- Reported value: $902.3M
- Positions: 1,034
- Weight of the ten largest: 77.7%
- Filed: 2026-07-23

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $243.5M | 325,201 | 27.0% | 24 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $122.6M | 1,377,805 | 13.6% | 24 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $84.3M | 1,026,401 | 9.3% | 13 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $60.9M | 734,844 | 6.7% | 24 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $55.2M | 764,173 | 6.1% | 12 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $49.8M | 905,753 | 5.5% | 17 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $28.8M | 411,492 | 3.2% | 21 |
| VANGUARD SCOTTSDALE FDS | [VTWG](https://holderbook.com/stocks/VTWG/) | $25.1M | 87,140 | 2.8% | 2 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $18.3M | 53,307 | 2.0% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.4M | 48,938 | 1.4% | 24 |
| NUSHARES ETF TR | [NUEM](https://holderbook.com/stocks/NUEM/) | $12.4M | 292,478 | 1.4% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.1M | 41,897 | 1.3% | 24 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $6.7M | 85,616 | 0.7% | 24 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.9M | 11,749 | 0.7% | 24 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9M | 15,703 | 0.6% | 24 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.7M | 41,610 | 0.6% | 24 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.0M | 38,730 | 0.6% | 24 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.8M | 23,959 | 0.5% | 24 |
| MORGAN STANLEY ETF TRUST | [CVMC](https://holderbook.com/stocks/CVMC/) | $4.7M | 61,148 | 0.5% | 1 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $4.6M | 81,801 | 0.5% | 3 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $4.4M | 26,677 | 0.5% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 9,217 | 0.4% | 24 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $3.2M | 43,338 | 0.4% | 24 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $3.2M | 7,765 | 0.4% | 17 |
| TIDAL TRUST I | [JSTC](https://holderbook.com/stocks/JSTC/) | $3.0M | 132,532 | 0.3% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.3% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.9M | 10,159 | 0.3% | 24 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.7M | 7,313 | 0.3% | 20 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.6M | 11,869 | 0.3% | 24 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.5M | 3,357 | 0.3% | 24 |
| OLD NATL BANCORP IND | [ONB](https://holderbook.com/stocks/ONB/) | $2.5M | 95,400 | 0.3% | 24 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.5M | 6,627 | 0.3% | 24 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $2.4M | 9,667 | 0.3% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.4M | 7,198 | 0.3% | 24 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 9,588 | 0.3% | 24 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.1M | 3,083 | 0.2% | 24 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.0M | 1,710 | 0.2% | 9 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.0M | 13,512 | 0.2% | 24 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.8M | 6,112 | 0.2% | 24 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.7M | 18,092 | 0.2% | 14 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.7M | 16,694 | 0.2% | 21 |
| TCW ETF TRUST | [PWRD](https://holderbook.com/stocks/PWRD/) | $1.7M | 13,540 | 0.2% | 15 |
| HEARTFLOW INC | [HTFL](https://holderbook.com/stocks/HTFL/) | $1.6M | 55,598 | 0.2% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.6M | 4,564 | 0.2% | 24 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.5M | 11,916 | 0.2% | 24 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.4M | 5,526 | 0.2% | 24 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.4M | 11,193 | 0.2% | 21 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $1.3M | 8,523 | 0.1% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 2,553 | 0.1% | 24 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.3M | 5,984 | 0.1% | 24 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 8,583 | 0.1% | 24 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 10,038 | 0.1% | 24 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.1M | 7,006 | 0.1% | 24 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.1M | 3,710 | 0.1% | 24 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,182 | 0.1% | 24 |
| NUSHARES ETF TR | [NUDM](https://holderbook.com/stocks/NUDM/) | $1.1M | 26,551 | 0.1% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.1M | 877 | 0.1% | 24 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $985.5K | 1,750 | 0.1% | 24 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $913.6K | 3,509 | 0.1% | 24 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $910.3K | 5,824 | 0.1% | 24 |
| WISDOMTREE TR | [DHS](https://holderbook.com/stocks/DHS/) | $907.9K | 7,986 | 0.1% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $878.9K | 2,492 | 0.1% | 24 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $860.5K | 7,536 | 0.1% | 24 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $855.4K | 3,399 | 0.1% | 24 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $854.9K | 11,087 | 0.1% | 24 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $829.3K | 1,147 | 0.1% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $805.0K | 2,131 | 0.1% | 24 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $781.5K | 10,862 | 0.1% | 24 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $749.1K | 2,184 | 0.1% | 24 |
| AMERICAN SUPERCONDUCTOR CORP | [AMSC](https://holderbook.com/stocks/AMSC/) | $696.8K | 16,787 | 0.1% | 24 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $619.1K | 3,422 | 0.1% | 24 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $615.6K | 609 | 0.1% | 24 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $606.2K | 5,495 | 0.1% | 17 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $590.7K | 3,899 | 0.1% | 24 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $582.0K | 2,038 | 0.1% | 9 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $576.1K | 6,284 | 0.1% | 24 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $570.6K | 8,669 | 0.1% | 14 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $566.1K | 2,528 | 0.1% | 24 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $539.6K | 6,697 | 0.1% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $534.5K | 4,550 | 0.1% | 24 |
| DIMENSIONAL ETF TRUST | [DFAW](https://holderbook.com/stocks/DFAW/) | $526.2K | 6,355 | 0.1% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $524.5K | 1,319 | 0.1% | 24 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $513.9K | 1,076 | 0.1% | 24 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $508.8K | 12,280 | 0.1% | 24 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $498.5K | 24,116 | 0.1% | 21 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $484.0K | 9,767 | 0.1% | 24 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $474.6K | 5,231 | 0.1% | 24 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $469.0K | 3,277 | 0.1% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $464.3K | 1,104 | 0.1% | 24 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $462.5K | 3,920 | 0.1% | 24 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $460.4K | 2,417 | 0.1% | 24 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $459.7K | 2,810 | 0.1% | 24 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $458.4K | 1,154 | 0.1% | 24 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $446.1K | 2,691 | 0.0% | 24 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $445.8K | 7,708 | 0.0% | 24 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $442.8K | 1,202 | 0.0% | 9 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $437.7K | 4,586 | 0.0% | 5 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $409.8K | 206 | 0.0% | 24 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $392.4K | 4,471 | 0.0% | 24 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $388.7K | 4,590 | 0.0% | 24 |

## 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 2026 | +11.3% | +14.8% | -3.5% | 100% |
| Q1 2026 | -1.2% | -4.6% | +3.4% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.4% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.1% | 100% |
| Q1 2025 | -1.2% | -4.6% | +3.4% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.4% | 100% |
| Q3 2024 | +6.4% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $902.3M | 1,034 |
| Q1 2026 | $811.6M | 998 |
| Q4 2025 | $797.3M | 963 |
| Q3 2025 | $780.5M | 996 |
| Q2 2025 | $730.0M | 972 |
| Q1 2025 | $653.2M | 958 |
| Q4 2024 | $632.3M | 978 |
| Q3 2024 | $632.2M | 1,004 |
| Q2 2024 | $570.2M | 969 |
| Q1 2024 | $562.9M | 904 |
| Q4 2023 | $494.6M | 658 |
| Q3 2023 | $419.0M | 673 |