# TFB Advisors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1965201. Source: https://holderbook.com/funds/1965201-tfb-advisors-llc/

- Reported value: $227.0M
- Positions: 190
- Weight of the ten largest: 33.5%
- Filed: 2026-08-06

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/) | $16.7M | 24,314 | 7.4% | 11 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $9.8M | 111,706 | 4.3% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $9.5M | 12,692 | 4.2% | 11 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $6.9M | 42,166 | 3.0% | 11 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $6.6M | 144,855 | 2.9% | 9 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.3M | 65,589 | 2.8% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.4M | 7,281 | 2.4% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.4M | 26,794 | 2.4% | 15 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $4.9M | 16,108 | 2.2% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.7M | 29,787 | 2.1% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.5M | 15,624 | 2.0% | 11 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $4.0M | 20,067 | 1.7% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.7M | 10,462 | 1.6% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.7M | 15,442 | 1.6% | 11 |
| VANGUARD WELLINGTON FD | [VFMF](https://holderbook.com/stocks/VFMF/) | $3.4M | 19,206 | 1.5% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.0M | 8,232 | 1.3% | 11 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $3.0M | 29,668 | 1.3% | 14 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.9M | 11,982 | 1.3% | 11 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.6M | 28,337 | 1.1% | 12 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.6M | 31,183 | 1.1% | 15 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $2.3M | 29,249 | 1.0% | 11 |
| ISHARES TR | [HYDB](https://holderbook.com/stocks/HYDB/) | $2.2M | 47,699 | 1.0% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 6,077 | 0.9% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 5,722 | 0.9% | 11 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $2.0M | 6,451 | 0.9% | 11 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $2.0M | 20,294 | 0.9% | 15 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $1.9M | 7,434 | 0.8% | 9 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.8M | 22,307 | 0.8% | 11 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $1.8M | 7,246 | 0.8% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.8M | 20,358 | 0.8% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.7M | 2,945 | 0.8% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6M | 4,356 | 0.7% | 15 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.6M | 4,356 | 0.7% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.5M | 1,342 | 0.7% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 3,023 | 0.7% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.7% | 6 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.4M | 2,259 | 0.6% | 3 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $1.3M | 24,872 | 0.6% | 11 |
| FIRST TR HIGH YIELD OPPRT 20 | [FTHY](https://holderbook.com/stocks/FTHY/) | $1.3M | 94,539 | 0.6% | 15 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $1.3M | 30,084 | 0.6% | 10 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.3M | 1,196 | 0.6% | 11 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $1.2M | 2,279 | 0.5% | 15 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.2M | 10,504 | 0.5% | 11 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $1.2M | 3,387 | 0.5% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 2,131 | 0.5% | 15 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.2M | 5,576 | 0.5% | 12 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.2M | 37,063 | 0.5% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,565 | 0.5% | 15 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $1.2M | 50,945 | 0.5% | 15 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.1M | 5,198 | 0.5% | 11 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.1M | 12,389 | 0.5% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.1M | 7,413 | 0.5% | 13 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.0M | 3,057 | 0.5% | 15 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $1.0M | 1,900 | 0.5% | 9 |
| DEFINIUM THERAPEUTICS INC | [DFTX](https://holderbook.com/stocks/DFTX/) | $1.0M | 21,523 | 0.4% | 1 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $1.0M | 13,168 | 0.4% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $978.7K | 816 | 0.4% | 11 |
| NEUBERGER BERMAN ETF TRUST | [NBDS](https://holderbook.com/stocks/NBDS/) | $947.0K | 22,304 | 0.4% | 10 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $927.9K | 9,935 | 0.4% | 4 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $925.1K | 465 | 0.4% | 10 |
| WESTERN ASSET HIGH YIELD OPP | [HYI](https://holderbook.com/stocks/HYI/) | $888.0K | 83,538 | 0.4% | 15 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $887.1K | 42,855 | 0.4% | 10 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $847.9K | 16,531 | 0.4% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $845.5K | 2,335 | 0.4% | 11 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $840.6K | 16,115 | 0.4% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $832.7K | 2,427 | 0.4% | 15 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $808.1K | 7,385 | 0.4% | 7 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $798.2K | 14,671 | 0.4% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $757.5K | 5,166 | 0.3% | 11 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $754.2K | 7,516 | 0.3% | 10 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $752.4K | 6,590 | 0.3% | 11 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $720.2K | 8,091 | 0.3% | 15 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $719.6K | 2,385 | 0.3% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $693.6K | 1,649 | 0.3% | 14 |
| FIRST TR EXCHNG TRADED FD VI | [FAUG](https://holderbook.com/stocks/FAUG/) | $686.8K | 12,155 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FNOV](https://holderbook.com/stocks/FNOV/) | $686.8K | 11,742 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FDEC](https://holderbook.com/stocks/FDEC/) | $686.8K | 12,609 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FSEP](https://holderbook.com/stocks/FSEP/) | $686.2K | 12,459 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FJUL](https://holderbook.com/stocks/FJUL/) | $685.4K | 11,512 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FMAY](https://holderbook.com/stocks/FMAY/) | $685.2K | 12,193 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FOCT](https://holderbook.com/stocks/FOCT/) | $685.2K | 13,104 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FFEB](https://holderbook.com/stocks/FFEB/) | $685.0K | 11,234 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FAPR](https://holderbook.com/stocks/FAPR/) | $685.0K | 14,655 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FMAR](https://holderbook.com/stocks/FMAR/) | $684.3K | 13,095 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FJAN](https://holderbook.com/stocks/FJAN/) | $683.9K | 12,415 | 0.3% | 9 |
| FIRST TR EXCHNG TRADED FD VI | [FJUN](https://holderbook.com/stocks/FJUN/) | $683.4K | 11,399 | 0.3% | 9 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $677.4K | 490 | 0.3% | 10 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $655.3K | 4,819 | 0.3% | 5 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $649.6K | 1,905 | 0.3% | 10 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $648.9K | 6,018 | 0.3% | 4 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $645.8K | 4,873 | 0.3% | 11 |
| PROTAGONIST THERAPEUTICS INC | [PTGX](https://holderbook.com/stocks/PTGX/) | $641.7K | 5,235 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $641.7K | 7,964 | 0.3% | 11 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $620.3K | 3,495 | 0.3% | 11 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $618.4K | 2,430 | 0.3% | 5 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $617.7K | 12,755 | 0.3% | 15 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $607.4K | 12,976 | 0.3% | 15 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $592.8K | 5,056 | 0.3% | 11 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $590.9K | 5,418 | 0.3% | 11 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $588.3K | 5,867 | 0.3% | 6 |

## 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 | +12.5% | +14.8% | -2.3% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +8.6% | +10.5% | -1.8% | 100% |
| Q1 2025 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $227.0M | 190 |
| Q1 2026 | $191.0M | 180 |
| Q4 2025 | $358.0M | 307 |
| Q3 2025 | $343.4M | 308 |
| Q2 2025 | $381.8M | 334 |
| Q1 2025 | $347.1M | 320 |
| Q4 2024 | $349.7M | 320 |
| Q3 2024 | $336.1M | 312 |
| Q2 2024 | $307.0M | 289 |
| Q1 2024 | $275.7M | 263 |
| Q4 2023 | $195.2M | 169 |
| Q3 2023 | $82.3M | 105 |