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Asset Manager ← All Institutions

TFC Financial Management, Inc.

260 FRANKLIN STREET SUITE 1888, BOSTON, MA 02110 • 617-210-6725

Q4 2025 · Filed 2026-01-23
Market Value
$797M
+2.1%
Holdings
1,054
+5
New Purchases
71
Added To
174
Closed
108
Reduced
142
Top 10 Concentration
78.3%
Turnover
17.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IDEV 14.50% 14.34% +0.16% $116M
SHY 9.69% 9.54% +0.15% $77M
JNJ 1.29% 1.18% +0.11% $10M
MRK 0.51% 0.40% +0.11% $4M
VTI 0.25% 0.15% +0.10% $2M
GOOGL 0.38% 0.28% +0.09% $3M
NVDA 0.58% 0.50% +0.08% $5M
LLY 0.12% 0.06% +0.06% $924K
VV 1.89% 1.84% +0.05% $15M
DHS 0.10% 0.06% +0.05% $832K
IXUS 0.05% 0.00% +0.05% $383K
VOO 0.24% 0.20% +0.04% $2M
DVY 0.11% 0.07% +0.04% $838K
LOWC 0.04% 0.00% +0.04% $315K
DFAW 0.04% 0.00% +0.04% $291K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSLA 0.06% 0.43% -0.36% $515K
IVV 28.49% 28.71% -0.22% $227M
ISTB 0.00% 0.12% -0.12% $0
AAPL 1.57% 1.69% -0.11% $13M
AMZN 0.27% 0.39% -0.11% $2M
DFAC 0.02% 0.13% -0.11% $124K
MSFT 1.00% 1.08% -0.08% $8M
AMSC 0.06% 0.13% -0.07% $482K
IEMG 6.50% 6.53% -0.04% $52M
VYM 0.00% 0.04% -0.03% $34K
META 0.16% 0.19% -0.03% $1M
DFAT 3.17% 3.20% -0.03% $25M
AXON 0.00% 0.02% -0.02% $1K
TTD 0.07% 0.09% -0.02% $570K
NUEM 1.31% 1.33% -0.02% $10M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 87.5%
Technology 4.1%
Healthcare 2.9%
Industrials 1.3%
Energy 1.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 74 $327M 41.1%
Large Cap 621 $397M 49.8%
Mid Cap 242 $54M 6.8%
Small Cap 98 $16M 2.0%
Micro Cap 19 $3M 0.4%

Portfolio Analytics

Avg Market Cap
$88.4B
Median Market Cap
$18.7B
Avg P/E
31.9
Median P/E
23.0
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
898
# ETFs / Funds
156

Top Holdings (1,054 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 28.49% 331,468 $227M $684.94 $3M -3,226 -1.0%
2 IDEV 14.50% 1,401,008 $116M $82.48 $4M +5,398 +0.4%
3 SHY 9.69% 932,479 $77M $82.82 $3M +34,797 +3.9%
4 IEMG 6.50% 770,352 $52M $67.22 $805K -2,974 -0.4%
5 JQUA 5.80% 731,319 $46M $63.18 $931K +11,653 +1.6%
6 DFUV 5.36% 917,022 $43M $46.59 $1M -14,407 -1.6%
7 DFAT 3.17% 424,669 $25M $59.54 $319K -4,221 -1.0%
8 VV 1.89% 47,966 $15M $314.80 $732K +1,298 +2.8%
9 AAPL 1.57% 46,077 $13M $271.86 -$634K -5,606 -10.8%
10 NUEM 1.31% 292,752 $10M $35.58 $67K +2,786 +1.0%
11 JNJ 1.29% 49,830 $10M $206.95 $1M -9 -0.0%
12 BSV 1.05% 106,307 $8M $78.81 $240K +3,170 +3.1%
13 MSFT 1.00% 16,426 $8M $483.63 -$464K +192 +1.2%
14 BRK-B 0.83% 13,224 $7M $502.65 $20K +43 +0.3%
15 XOM 0.61% 40,591 $5M $120.34 $292K -140 -0.3%
16 NVDA 0.58% 24,589 $5M $186.50 $722K +3,881 +18.7%
17 MRK 0.51% 38,593 $4M $105.26 $925K +1,210 +3.2%
18 BND 0.50% 53,368 $4M $74.07 $126K +1,908 +3.7%
19 ITOT 0.48% 25,651 $4M $148.69 $35K -294 -1.1%
20 IBM 0.48% 12,782 $4M $296.21 $125K -193 -1.5%
21 BRK-A 0.47% 5 $4M $754,800.00 $3K
22 ACN 0.41% 12,221 $3M $268.30 $313K +195 +1.6%
23 GOOGL 0.38% 9,566 $3M $313.01 $787K +487 +5.4%
24 IWB 0.36% 7,764 $3M $373.45 $62K
25 VB 0.32% 9,926 $3M $257.96 $62K +98 +1.0%
26 JSTC 0.32% 124,344 $3M $20.29 -$12K -364 -0.3%
27 ONB 0.30% 108,400 $2M $22.31 -$5K -2,000 -1.8%
28 QUAL 0.30% 11,875 $2M $198.63 $40K -48 -0.4%
29 GE 0.28% 7,369 $2M $308.04 $53K
30 AMZN 0.27% 9,392 $2M $230.82 -$848K -4,343 -31.6%
31 JPM 0.27% 6,622 $2M $322.24 -$50K -300 -4.3%
32 VXF 0.26% 9,903 $2M $209.11 -$2K
33 VTI 0.25% 5,892 $2M $335.26 $816K +2,359 +66.8%
34 VOO 0.24% 3,092 $2M $627.17 $360K +513 +19.9%
35 SPY 0.24% 2,843 $2M $682.07 $18K -40 -1.4%
36 LHX 0.22% 6,109 $2M $293.55 -$72K
37 PWRD 0.21% 17,291 $2M $96.16 -$27K
38 EXPE 0.20% 5,522 $2M $283.31 $302K -385 -6.5%
39 IJR 0.19% 12,805 $2M $120.18 $17K
40 MA 0.19% 2,612 $1M $570.89 -$45K -88 -3.3%
41 IEFA 0.19% 16,573 $1M $89.46 $36K
42 EFA 0.18% 15,344 $1M $96.03 $228K +2,000 +15.0%
43 GOOG 0.18% 4,660 $1M $313.80 $170K -645 -12.2%
44 META 0.16% 1,977 $1M $659.96 -$206K -80 -3.9%
45 PG 0.16% 8,930 $1M $143.31 $40K +861 +10.7%
46 SHOP 0.15% 7,596 $1M $160.97 $7K -585 -7.2%
47 SUSA 0.15% 8,690 $1M $139.35 $32K
48 VO 0.15% 4,164 $1M $290.21 -$8K +23 +0.6%
49 WMT 0.15% 10,701 $1M $111.41 $244K +1,500 +16.3%
50 MMM 0.14% 7,125 $1M $160.10 $35K
51 IWF 0.14% 2,377 $1M $473.34 -$96K -231 -8.9%
52 GEV 0.14% 1,687 $1M $653.57 $28K -61 -3.5%
53 COST 0.13% 1,212 $1M $862.36 $199K +298 +32.6%
54 DDOG 0.13% 7,551 $1M $135.99 -$48K
55 NUDM 0.13% 27,676 $1M $36.21 $90K +3,436 +14.2%
56 VTV 0.12% 5,019 $959K $190.99 $21K +5 +0.1%
57 LLY 0.12% 860 $924K $1,074.99 $470K +265 +44.5%
58 DVY 0.11% 5,935 $838K $141.15 $327K +2,338 +65.0%
59 DHS 0.10% 8,172 $832K $101.82 $392K +3,806 +87.2%
60 ABT 0.10% 6,547 $820K $125.29 -$57K
61 ABBV 0.10% 3,554 $812K $228.47 -$103K -398 -10.1%
62 HD 0.10% 2,326 $800K $344.04 $28K +419 +22.0%
63 ADP 0.10% 3,000 $772K $257.22 $201K +1,055 +54.2%
64 CVNA 0.09% 1,781 $752K $422.02 $33K -123 -6.5%
65 ISRG 0.09% 1,317 $746K $566.36 $157K
66 AVGO 0.09% 2,115 $732K $346.09 -$19K -160 -7.0%
67 V 0.08% 1,811 $635K $350.62 $119K +300 +19.9%
68 MO 0.08% 10,846 $625K $57.66 -$91K
69 TJX 0.08% 3,909 $600K $153.62 $9K -180 -4.4%
70 TTD 0.07% 15,015 $570K $37.96 -$166K +4 +0.0%
71 PM 0.07% 3,461 $555K $160.40 -$8K -10 -0.3%
72 IDV 0.07% 13,738 $542K $39.45 $182K +3,878 +39.3%
73 IWR 0.07% 5,605 $540K $96.27 -$2K
74 TSLA 0.06% 1,145 $515K $449.62 -$3M -6,330 -84.7%
75 GS 0.06% 585 $514K $879.07 $50K +2 +0.3%
76 CL 0.06% 6,284 $497K $79.02 -$6K -4 -0.1%
77 GPC 0.06% 3,925 $483K $122.96 -$65K -26 -0.7%
78 AMSC 0.06% 16,741 $482K $28.78 -$518K -101 -0.6%
79 IQLT 0.06% 10,598 $482K $45.45 $8K -117 -1.1%
80 CI 0.06% 1,728 $476K $275.24 -$23K -1 -0.1%
81 CRM 0.06% 1,743 $462K $264.93 $130K +342 +24.4%
82 FTEC 0.06% 2,038 $458K $224.66 $5K
83 MDLZ 0.06% 8,167 $440K $53.83 -$72K -23 -0.3%
84 RTX 0.05% 2,310 $424K $183.41 $130K +556 +31.7%
85 BNL 0.05% 24,116 $419K $17.37 -$12K
86 SPGI 0.05% 782 $409K $522.60 $116K +180 +29.9%
87 CSCO 0.05% 5,162 $398K $77.04 $130K +1,250 +31.9%
88 DIS 0.05% 3,425 $390K $113.78 -$3K -5 -0.1%
89 CVX 0.05% 2,516 $384K $152.44 -$6K +9 +0.4%
90 IXUS 0.05% 4,529 $383K $84.64 $372K +4,395 +3279.8%
91 FFIN 0.05% 12,194 $364K $29.87 -$46K
92 IGM 0.05% 2,810 $363K $129.16 -$15K -190 -6.3%
93 NEE 0.04% 4,447 $357K $80.29 $123K +1,350 +43.6%
94 UNH 0.04% 1,076 $355K $330.13 $212K +662 +159.9%
95 XLK 0.04% 2,415 $348K $143.95 $7K +1,208 +100.1%
96 CTVA 0.04% 5,169 $346K $67.03 -$23K -297 -5.4%
97 ADI 0.04% 1,274 $346K $271.21 $88K +226 +21.6%
98 PEP 0.04% 2,399 $344K $143.54 $166K +1,128 +88.8%
99 MCD 0.04% 1,091 $333K $305.53 $34K +104 +10.5%
100 IJH 0.04% 4,877 $322K $66.01 -$46K -756 -13.4%

New Positions

SymbolValue% Port
LOWC $315K 0.04%
DFAW $291K 0.04%
RSP $252K 0.03%
JHMM $228K 0.03%
IGV $198K 0.02%
ESML $177K 0.02%
VFC $112K 0.01%
CNI $61K 0.01%
CHDN $47K 0.01%
GUSE $36K —%
NOBL $30K —%
SAP $21K —%
TOTB.DE $12K —%
SRRK $9K —%
SOLS $7K —%

Sold Out Positions

SymbolValue% Port
EMN —%
BFAM —%
DNOW —%
ARE —%
KOP —%
AMH —%
LYB —%
VICI —%
MUSA —%
FDS —%
WMK —%
AGM —%
BLDR —%
EIX —%
DRI —%
View SEC EDGAR Filings for TFC Financial Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms