# Tandem Financial, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2049157. Source: https://holderbook.com/funds/2049157-tandem-financial-llc/

- Reported value: $332.4M
- Positions: 100
- Weight of the ten largest: 55.0%
- Filed: 2026-08-14

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/) | $38.1M | 50,823 | 11.4% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $34.7M | 18,293 | 10.4% | 2 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $23.7M | 308,414 | 7.1% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $18.0M | 251,962 | 5.4% | 2 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $14.1M | 354,450 | 4.2% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $13.6M | 18,217 | 4.1% | 7 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $12.9M | 170,681 | 3.9% | 7 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $11.1M | 112,506 | 3.3% | 7 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $9.4M | 177,333 | 2.8% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $7.4M | 10,242 | 2.2% | 2 |
| ISHARES TR | [ILCV](https://holderbook.com/stocks/ILCV/) | $6.7M | 66,287 | 2.0% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $6.6M | 119,004 | 2.0% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $6.3M | 86,719 | 1.9% | 2 |
| INVESCO EXCH TRD SLF IDX FD | [IUS](https://holderbook.com/stocks/IUS/) | $6.1M | 93,281 | 1.8% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $5.8M | 97,845 | 1.8% | 4 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $5.8M | 108,756 | 1.8% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $5.0M | 16,741 | 1.5% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $4.9M | 101,802 | 1.5% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.9M | 39,682 | 1.5% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $4.5M | 18,731 | 1.4% | 7 |
| GOLDMAN SACHS ETF TR | [GPIQ](https://holderbook.com/stocks/GPIQ/) | $4.3M | 72,476 | 1.3% | 2 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $4.1M | 80,002 | 1.2% | 2 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.9M | 12,742 | 1.2% | 2 |
| GOLDMAN SACHS ETF TR | [GPIX](https://holderbook.com/stocks/GPIX/) | $3.8M | 68,093 | 1.1% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $3.7M | 10,175 | 1.1% | 7 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $3.1M | 12,927 | 0.9% | 7 |
| TCW ETF TRUST | [FLXR](https://holderbook.com/stocks/FLXR/) | $2.9M | 75,140 | 0.9% | 7 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $2.9M | 65,535 | 0.9% | 2 |
| GOLDMAN SACHS PHYSICAL GOLD | [AAAU](https://holderbook.com/stocks/AAAU/) | $2.8M | 71,050 | 0.8% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.7M | 7,259 | 0.8% | 7 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $2.6M | 70,203 | 0.8% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.6M | 14,238 | 0.8% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.5M | 8,712 | 0.8% | 6 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $2.4M | 42,076 | 0.7% | 7 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $2.3M | 57,896 | 0.7% | 2 |
| VICTORY PORTFOLIOS II | [UBND](https://holderbook.com/stocks/UBND/) | $2.3M | 106,198 | 0.7% | 2 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $2.2M | 42,667 | 0.7% | 7 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $1.8M | 35,267 | 0.6% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 4,273 | 0.5% | 6 |
| FIRST TR EXCHANGE-TRADED FD | [KNG](https://holderbook.com/stocks/KNG/) | $1.5M | 29,851 | 0.5% | 7 |
| NUVEEN MUN VALUE FD INC | [NUV](https://holderbook.com/stocks/NUV/) | $1.4M | 152,594 | 0.4% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $1.4M | 26,854 | 0.4% | 2 |
| TIDAL TRUST I | [GRNY](https://holderbook.com/stocks/GRNY/) | $1.3M | 48,731 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.3M | 15,630 | 0.4% | 2 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $1.3M | 31,595 | 0.4% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 3,665 | 0.4% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $1.2M | 28,153 | 0.4% | 7 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $1.2M | 16,516 | 0.4% | 2 |
| VANECK ETF TRUST | [PFXF](https://holderbook.com/stocks/PFXF/) | $1.2M | 67,946 | 0.4% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.2M | 3,185 | 0.4% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.1M | 7,499 | 0.3% | 2 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $994.1K | 18,403 | 0.3% | 2 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $991.4K | 38,846 | 0.3% | 2 |
| DIMENSIONAL ETF TRUST | [DFGP](https://holderbook.com/stocks/DFGP/) | $956.9K | 17,570 | 0.3% | 2 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $947.5K | 10,145 | 0.3% | 7 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $865.7K | 20,290 | 0.3% | 2 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $854.4K | 9,035 | 0.3% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $787.4K | 3,935 | 0.2% | 7 |
| ULTIMUS MANAGERS TR | [MDST](https://holderbook.com/stocks/MDST/) | $729.4K | 25,103 | 0.2% | 2 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $688.5K | 9,387 | 0.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $681.5K | 11,709 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $651.0K | 2,987 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $639.0K | 4,674 | 0.2% | 7 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $635.1K | 16,373 | 0.2% | 2 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $621.1K | 8,195 | 0.2% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $576.8K | 2,420 | 0.2% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $569.4K | 1,138 | 0.2% | 7 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $559.7K | 5,896 | 0.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $556.9K | 7,400 | 0.2% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $520.7K | 3,141 | 0.2% | 7 |
| VANGUARD MUN BD FDS | [VCRM](https://holderbook.com/stocks/VCRM/) | $480.2K | 6,285 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $477.0K | 15,043 | 0.1% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $451.8K | 6,188 | 0.1% | 7 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $403.1K | 7,969 | 0.1% | 2 |
| AMERICAN CENTY ETF TR | [SDSI](https://holderbook.com/stocks/SDSI/) | $392.5K | 7,644 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $390.3K | 11,213 | 0.1% | 2 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $381.6K | 0 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $380.7K | 1,124 | 0.1% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $339.7K | 2,318 | 0.1% | 7 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $333.7K | 14,441 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $320.4K | 1,682 | 0.1% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $314.3K | 832 | 0.1% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $297.2K | 621 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $292.8K | 1,205 | 0.1% | 2 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $286.1K | 2,164 | 0.1% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $285.8K | 492 | 0.1% | 1 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $281.5K | 11,967 | 0.1% | 2 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $266.5K | 3,084 | 0.1% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $264.9K | 1,688 | 0.1% | 5 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $255.0K | 3,033 | 0.1% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $243.4K | 260 | 0.1% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $235.9K | 2,083 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $225.3K | 887 | 0.1% | 2 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $225.2K | 2,093 | 0.1% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $223.8K | 532 | 0.1% | 2 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $221.7K | 732 | 0.1% | 1 |
| VANECK ETF TRUST | [MLN](https://holderbook.com/stocks/MLN/) | $220.0K | 12,371 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $202.0K | 546 | 0.1% | 1 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $201.3K | 1,918 | 0.1% | 1 |
| DOUGLAS ELLIMAN INC | [DOUG](https://holderbook.com/stocks/DOUG/) | $23.9K | 13,500 | 0.0% | 1 |

## 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 | +8.3% | +14.8% | -6.5% | 94% |
| Q1 2026 | +0.5% | -4.6% | +5.2% | 128% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +12.0% | +7.8% | +4.2% | 99% |
| Q2 2025 | +10.9% | +10.5% | +0.4% | 99% |
| Q1 2025 | +1.3% | -4.6% | +5.9% | 94% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $332.4M | 100 |
| Q1 2026 | $314.3M | 94 |
| Q4 2025 | $83.4M | 48 |
| Q3 2025 | $268.8M | 88 |
| Q2 2025 | $107.2M | 48 |
| Q1 2025 | $92.5M | 48 |
| Q4 2024 | $94.5M | 84 |