# TECTONIC ADVISORS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1859918. Source: https://holderbook.com/funds/1859918-tectonic-advisors-llc/

- Reported value: $2.1B
- Positions: 289
- Weight of the ten largest: 42.0%
- Filed: 2026-07-15

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $158.6M | 230,868 | 7.6% | 23 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $154.0M | 1,670,377 | 7.4% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $107.8M | 143,909 | 5.2% | 23 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $104.5M | 2,646,939 | 5.0% | 12 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $84.8M | 965,257 | 4.1% | 23 |
| ADVISORS INNER CIRCLE FD III | [GQGU](https://holderbook.com/stocks/GQGU/) | $76.1M | 2,995,212 | 3.7% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $59.0M | 827,709 | 2.8% | 23 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $45.5M | 620,482 | 2.2% | 23 |
| TOUCHSTONE ETF TRUST | [TLCI](https://holderbook.com/stocks/TLCI/) | $45.0M | 1,669,435 | 2.2% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $38.4M | 387,622 | 1.8% | 23 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $33.1M | 361,403 | 1.6% | 16 |
| TCW ETF TRUST | [FLXR](https://holderbook.com/stocks/FLXR/) | $29.5M | 751,867 | 1.4% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $28.7M | 355,628 | 1.4% | 23 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $24.6M | 81,125 | 1.2% | 23 |
| UNIFIED SER TR | [ABEQ](https://holderbook.com/stocks/ABEQ/) | $22.7M | 610,683 | 1.1% | 23 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $22.7M | 235,265 | 1.1% | 23 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $20.7M | 176,540 | 1.0% | 23 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $20.5M | 162,401 | 1.0% | 22 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $19.0M | 218,326 | 0.9% | 23 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $17.9M | 330,075 | 0.9% | 23 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $17.7M | 379,607 | 0.8% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $17.5M | 62,345 | 0.8% | 23 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $17.2M | 502,698 | 0.8% | 1 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $16.8M | 174,341 | 0.8% | 23 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $16.8M | 281,539 | 0.8% | 23 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $16.8M | 252,344 | 0.8% | 23 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $16.8M | 232,965 | 0.8% | 22 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $16.6M | 327,808 | 0.8% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $16.3M | 126,684 | 0.8% | 23 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $16.1M | 744,825 | 0.8% | 23 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $15.9M | 1,006,408 | 0.8% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $15.8M | 62,682 | 0.8% | 23 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $15.7M | 278,156 | 0.8% | 23 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $15.7M | 844,971 | 0.8% | 23 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $15.6M | 367,424 | 0.7% | 23 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $15.5M | 420,613 | 0.7% | 23 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $15.2M | 793,525 | 0.7% | 12 |
| GLOBAL X FDS | [MLPA](https://holderbook.com/stocks/MLPA/) | $14.8M | 277,970 | 0.7% | 23 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $14.5M | 280,210 | 0.7% | 23 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $14.5M | 845,203 | 0.7% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $14.3M | 37,786 | 0.7% | 20 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $13.9M | 117,272 | 0.7% | 17 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $13.8M | 193,656 | 0.7% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $13.8M | 93,112 | 0.7% | 23 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $13.8M | 178,520 | 0.7% | 23 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $13.7M | 220,758 | 0.7% | 22 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $13.6M | 164,140 | 0.7% | 20 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $12.8M | 101,557 | 0.6% | 22 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $12.7M | 611,913 | 0.6% | 22 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $12.5M | 113,314 | 0.6% | 22 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $12.2M | 28,288 | 0.6% | 3 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $12.1M | 95,497 | 0.6% | 22 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $12.0M | 450,505 | 0.6% | 17 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $11.9M | 146,682 | 0.6% | 23 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $11.2M | 104,892 | 0.5% | 10 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $10.9M | 216,472 | 0.5% | 13 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $10.9M | 139,574 | 0.5% | 23 |
| BLOCK H & R INC | [HRB](https://holderbook.com/stocks/HRB/) | $10.7M | 280,725 | 0.5% | 20 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $10.6M | 108,185 | 0.5% | 22 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.5M | 71,369 | 0.5% | 23 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.4M | 432,091 | 0.5% | 23 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $10.0M | 74,085 | 0.5% | 23 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $10.0M | 33,511 | 0.5% | 23 |
| SOMNIGROUP INTERNATIONAL INC | [SGI](https://holderbook.com/stocks/SGI/) | $9.4M | 119,701 | 0.5% | 7 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $9.1M | 100,323 | 0.4% | 5 |
| KIRBY CORP | [KEX](https://holderbook.com/stocks/KEX/) | $9.0M | 65,917 | 0.4% | 9 |
| CAPITAL SOUTHWEST CORP | [CSWC](https://holderbook.com/stocks/CSWC/) | $8.4M | 355,370 | 0.4% | 1 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $8.1M | 80,494 | 0.4% | 2 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $7.5M | 145,445 | 0.4% | 1 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $7.5M | 92,703 | 0.4% | 23 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $7.3M | 2,279 | 0.4% | 23 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $7.1M | 32,984 | 0.3% | 1 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $7.1M | 60,735 | 0.3% | 13 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $6.7M | 108,556 | 0.3% | 12 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $6.4M | 13,139 | 0.3% | 8 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $6.0M | 20,469 | 0.3% | 2 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $5.2M | 198,631 | 0.3% | 23 |
| BRUNSWICK CORP | [BC](https://holderbook.com/stocks/BC/) | $5.2M | 61,736 | 0.2% | 5 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $4.9M | 74,544 | 0.2% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.7M | 6,438 | 0.2% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.5M | 14,789 | 0.2% | 23 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $4.4M | 44,213 | 0.2% | 14 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $3.8M | 23,289 | 0.2% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.8M | 13,016 | 0.2% | 23 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $3.7M | 17,125 | 0.2% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.7M | 9,917 | 0.2% | 23 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $3.4M | 21,945 | 0.2% | 23 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $3.3M | 69,272 | 0.2% | 11 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $2.9M | 16,522 | 0.1% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.8M | 5,562 | 0.1% | 23 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $2.8M | 76,432 | 0.1% | 2 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $2.7M | 123,697 | 0.1% | 23 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $2.7M | 11,896 | 0.1% | 15 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $2.5M | 124,201 | 0.1% | 10 |
| POWELL INDS INC | [POWL](https://holderbook.com/stocks/POWL/) | $2.5M | 8,853 | 0.1% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.5M | 6,945 | 0.1% | 23 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $2.5M | 53,454 | 0.1% | 8 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $2.5M | 77,308 | 0.1% | 11 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $2.4M | 6,964 | 0.1% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 15,981 | 0.1% | 8 |

## 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 | +7.2% | +14.8% | -7.6% | 100% |
| Q1 2026 | +1.1% | -4.6% | +5.8% | 100% |
| Q4 2025 | +0.3% | +2.4% | -2.1% | 98% |
| Q3 2025 | +3.7% | +7.8% | -4.1% | 100% |
| Q2 2025 | +3.6% | +10.5% | -6.8% | 100% |
| Q1 2025 | +0.8% | -4.6% | +5.3% | 100% |
| Q4 2024 | -2.8% | +2.1% | -4.9% | 99% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 289 |
| Q1 2026 | $1.9B | 267 |
| Q4 2025 | $1.9B | 319 |
| Q3 2025 | $1.8B | 330 |
| Q2 2025 | $1.7B | 318 |
| Q1 2025 | $1.6B | 316 |
| Q4 2024 | $1.5B | 319 |
| Q3 2024 | $1.5B | 303 |
| Q2 2024 | $1.4B | 298 |
| Q1 2024 | $1.3B | 294 |
| Q4 2023 | $1.2B | 287 |
| Q3 2023 | $1.1B | 276 |