# Tenon Financial LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2020781. Source: https://holderbook.com/funds/2020781-tenon-financial-llc/

- Reported value: $310.9M
- Positions: 61
- Weight of the ten largest: 88.3%
- Filed: 2026-07-24

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/) | $74.1M | 107,907 | 23.8% | 10 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $67.3M | 273,536 | 21.7% | 10 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $53.3M | 623,658 | 17.2% | 10 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $39.9M | 543,763 | 12.8% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $14.7M | 206,582 | 4.7% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $9.8M | 26,489 | 3.2% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.1M | 14,002 | 1.3% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $3.9M | 200,257 | 1.3% | 10 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $3.7M | 22,685 | 1.2% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $3.6M | 181,415 | 1.1% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.8M | 2,330 | 0.9% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $2.0M | 98,023 | 0.6% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9M | 7,978 | 0.6% | 10 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.8M | 20,427 | 0.6% | 10 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.4M | 2,947 | 0.5% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 3,869 | 0.5% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.4M | 7,180 | 0.5% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $1.3M | 22,655 | 0.4% | 6 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $1.2M | 5,844 | 0.4% | 9 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.2M | 23,085 | 0.4% | 10 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.1M | 5,135 | 0.4% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1M | 1,457 | 0.4% | 10 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $1.1M | 8,579 | 0.3% | 10 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.0M | 4,795 | 0.3% | 10 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.0M | 6,356 | 0.3% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $880.7K | 1,760 | 0.3% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $836.2K | 1,136 | 0.3% | 10 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $733.5K | 23,132 | 0.2% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $693.6K | 11,620 | 0.2% | 10 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $685.7K | 22,050 | 0.2% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $657.9K | 910 | 0.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $572.3K | 1,601 | 0.2% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $549.5K | 736 | 0.2% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $529.1K | 1,761 | 0.2% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $479.5K | 3,507 | 0.2% | 10 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $470.0K | 4,925 | 0.2% | 10 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $460.5K | 10,812 | 0.1% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $455.4K | 808 | 0.1% | 10 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $436.4K | 1,492 | 0.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $424.3K | 9,566 | 0.1% | 10 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $395.6K | 966 | 0.1% | 10 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $375.6K | 2,533 | 0.1% | 10 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $359.6K | 1,888 | 0.1% | 2 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $347.4K | 891 | 0.1% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $316.2K | 895 | 0.1% | 2 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $307.6K | 3,007 | 0.1% | 9 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $302.8K | 1,246 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $284.1K | 1,119 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $282.9K | 5,363 | 0.1% | 3 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $275.3K | 15,930 | 0.1% | 6 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $270.4K | 3,356 | 0.1% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $259.1K | 3,360 | 0.1% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $250.4K | 3,214 | 0.1% | 10 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $241.0K | 2,016 | 0.1% | 1 |
| S&P GLOBAL INC | - | $222.4K | 546 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $219.6K | 581 | 0.1% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $214.2K | 628 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $208.0K | 636 | 0.1% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $205.3K | 1,598 | 0.1% | 1 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $203.3K | 2,000 | 0.1% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $202.5K | 2,096 | 0.1% | 2 |

## 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 | +12.0% | +14.8% | -2.8% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.9% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 99% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 103% |
| Q2 2025 | +8.5% | +10.5% | -2.0% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.0% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $310.9M | 61 |
| Q1 2026 | $254.6M | 54 |
| Q4 2025 | $237.2M | 49 |
| Q3 2025 | $194.7M | 48 |
| Q2 2025 | $226.4M | 46 |
| Q1 2025 | $161.6M | 46 |
| Q4 2024 | $154.4M | 46 |
| Q3 2024 | $151.0M | 44 |
| Q2 2024 | $128.2M | 41 |
| Q1 2024 | $118.5M | 38 |