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Asset Manager ← All Institutions

TECTONIC ADVISORS LLC

17 COWBOYS WAY STE 250, FRISCO, TX 75034 • 713-250-4200

Q2 2025 · Filed 2025-07-23
Market Value
$1.7B
+7.4%
Holdings
334
+8
New Purchases
20
Added To
200
Closed
19
Reduced
85
Top 10 Concentration
45.8%
Turnover
11.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 6.56% 6.03% +0.53% $112M
VEA 9.51% 9.05% +0.46% $162M
IVV 4.44% 3.98% +0.46% $76M
AVGO 0.86% 0.56% +0.29% $15M
HQY 0.21% 0.00% +0.21% $4M
CIEN 0.49% 0.35% +0.14% $8M
IRM 0.77% 0.63% +0.14% $13M
BWX 0.61% 0.47% +0.14% $10M
KEX 0.67% 0.54% +0.13% $12M
HAS 0.62% 0.50% +0.12% $11M
IAGG 0.62% 0.51% +0.11% $11M
VWO 3.02% 2.92% +0.11% $52M
BC 0.10% 0.00% +0.10% $2M
CLH 0.57% 0.48% +0.09% $10M
IBM 0.86% 0.77% +0.08% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BOND 8.61% 9.44% -0.83% $147M
TOTL 5.69% 6.23% -0.54% $97M
BIL 2.11% 2.49% -0.38% $36M
BERY 0.00% 0.33% -0.33% $0
PGR 0.28% 0.46% -0.18% $5M
BND 2.49% 2.64% -0.16% $42M
EPD 1.12% 1.26% -0.14% $19M
AAPL 0.31% 0.43% -0.13% $5M
THC 0.00% 0.12% -0.12% $0
LKQ 0.53% 0.65% -0.12% $9M
AGG 2.04% 2.15% -0.11% $35M
ABEQ 1.31% 1.41% -0.10% $22M
GPK 0.26% 0.34% -0.07% $4M
VNQ 0.93% 1.00% -0.07% $16M
CHRD 0.00% 0.06% -0.06% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 64.4%
Energy 5.5%
Technology 4.7%
Industrials 4.4%
Consumer Cyclical 4.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $566M 33.1%
Large Cap 184 $617M 36.1%
Mid Cap 73 $436M 25.5%
Small Cap 21 $62M 3.6%
Micro Cap 9 $26M 1.5%

Portfolio Analytics

Avg Market Cap
$179.7B
Median Market Cap
$25.4B
Avg P/E
31.6
Median P/E
21.8
Avg Dividend Yield
0.06%
Avg Beta
0.89
# Stocks
277
# ETFs / Funds
57

Top Holdings (334 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VEA 9.51% 2,848,681 $162M $57.01 $18M +15,915 +0.6%
2 BOND 8.61% 1,595,626 $147M $92.18 -$3M -28,876 -1.8%
3 VOO 6.56% 197,399 $112M $568.03 $16M +10,723 +5.7%
4 TOTL 5.69% 2,424,193 $97M $40.11 -$2M -38,123 -1.6%
5 IVV 4.44% 122,196 $76M $620.90 $12M +9,373 +8.3%
6 VWO 3.02% 1,044,305 $52M $49.46 $5M +18,827 +1.8%
7 BND 2.49% 577,150 $42M $73.63 $427K +4,396 +0.8%
8 BIL 2.11% 393,418 $36M $91.73 -$4M -38,581 -8.9%
9 AGG 2.04% 350,499 $35M $99.20 $582K +4,887 +1.4%
10 ABEQ 1.31% 653,071 $22M $34.29 -$58K -5,667 -0.9%
11 FLXR 1.30% 564,993 $22M $39.45 $2M +43,171 +8.3%
12 VO 1.23% 75,239 $21M $279.83 $2M +3,196 +4.4%
13 EPD 1.12% 617,100 $19M $31.01 -$897K +30,298 +5.2%
14 SPLG 1.08% 253,015 $18M $72.69 $2M +8,085 +3.3%
15 VB 0.99% 71,372 $17M $236.98 $2M +4,070 +6.0%
16 VNQ 0.93% 178,289 $16M $89.06 $20K +3,137 +1.8%
17 AVGO 0.86% 53,149 $15M $275.65 $6M -505 -0.9%
18 IBM 0.86% 49,585 $15M $294.78 $2M +235 +0.5%
19 USFR 0.83% 282,984 $14M $50.31 $2M +35,142 +14.2%
20 AMLP 0.81% 284,113 $14M $48.86 $334K +23,285 +8.9%
21 MLPA 0.80% 272,364 $14M $50.20 $399K +23,000 +9.2%
22 ENB 0.79% 296,831 $13M $45.32 $1M +18,590 +6.7%
23 IRM 0.77% 128,376 $13M $102.57 $3M +12,379 +10.7%
24 T 0.76% 446,398 $13M $28.94 $899K +21,371 +5.0%
25 CSCO 0.75% 184,898 $13M $69.38 $2M +7,473 +4.2%
26 MAIN 0.75% 215,481 $13M $59.10 $2M +21,750 +11.2%
27 IEFA 0.72% 147,136 $12M $83.48 $2M +9,308 +6.8%
28 NNN 0.69% 273,137 $12M $43.18 $2M +32,083 +13.3%
29 ARCC 0.69% 535,155 $12M $21.96 $1M +67,202 +14.4%
30 MPLX 0.68% 224,763 $12M $51.51 $253K +13,168 +6.2%
31 KEX 0.67% 101,499 $12M $113.41 $3M +16,311 +19.1%
32 CSWC 0.67% 521,686 $11M $22.04 $2M +81,213 +18.4%
33 HTGC 0.67% 621,562 $11M $18.28 $1M +89,770 +16.9%
34 VZ 0.65% 257,976 $11M $43.27 $326K +19,075 +8.0%
35 ET 0.65% 610,502 $11M $18.13 $831K +59,791 +10.9%
36 USRT 0.65% 195,306 $11M $56.56 -$198K +90 +0.1%
37 MO 0.65% 188,407 $11M $58.63 $575K +13,940 +8.0%
38 OBDC 0.64% 767,005 $11M $14.34 $1M +96,892 +14.5%
39 OKE 0.64% 133,818 $11M $81.63 -$192K +21,790 +19.4%
40 VIST 0.63% 225,976 $11M $47.81 -$90K -8,000 -3.4%
41 HAS 0.62% 143,593 $11M $73.82 $3M +14,164 +10.9%
42 IAGG 0.62% 207,308 $11M $51.09 $2M +44,000 +26.9%
43 BWX 0.61% 442,925 $10M $23.49 $3M +99,900 +29.1%
44 GILD 0.57% 88,326 $10M $110.87 $629K +6,541 +8.0%
45 CLH 0.57% 41,921 $10M $231.18 $2M +3,226 +8.3%
46 VICI 0.56% 291,795 $10M $32.60 $1M +31,482 +12.1%
47 KO 0.55% 133,082 $9M $70.75 $634K +10,472 +8.5%
48 ABBV 0.54% 50,066 $9M $185.62 -$10K +5,662 +12.8%
49 O 0.54% 160,945 $9M $57.61 $1M +19,567 +13.8%
50 IJH 0.54% 148,566 $9M $62.02 $1M +10,220 +7.4%
51 LKQ 0.53% 242,697 $9M $37.01 -$1M -159 -0.1%
52 PG 0.52% 56,059 $9M $159.32 $350K +5,706 +11.3%
53 CRH.L 0.51% 95,356 $9M $91.80 $350K -178 -0.2%
54 DUK 0.50% 72,923 $9M $118.00 $582K +7,143 +10.9%
55 DOC 0.50% 491,408 $9M $17.51 $412K +86,220 +21.3%
56 IJR 0.49% 77,321 $8M $109.29 $893K +5,054 +7.0%
57 CIEN 0.49% 103,319 $8M $81.33 $3M +11,772 +12.9%
58 PAYX 0.49% 57,517 $8M $145.46 $312K +5,312 +10.2%
59 AZO 0.48% 2,215 $8M $3,712.23 $403K +164 +8.0%
60 SGI 0.48% 120,485 $8M $68.05 $965K -318 -0.3%
61 MRK 0.47% 101,656 $8M $79.16 $819K +21,124 +26.2%
62 ED 0.47% 79,883 $8M $100.35 -$71K +6,754 +9.2%
63 HRB 0.46% 144,047 $8M $54.89 $630K +11,523 +8.7%
64 PEP 0.46% 59,770 $8M $132.04 $347K +9,450 +18.8%
65 MSM 0.46% 92,344 $8M $85.02 $2M +11,164 +13.8%
66 PNFP 0.43% 66,691 $7M $110.41 $333K +390 +0.6%
67 PFE 0.42% 298,687 $7M $24.24 $1M +54,068 +22.1%
68 MSFT 0.35% 12,002 $6M $497.39 $1M -998 -7.7%
69 MAS 0.33% 87,130 $6M $64.36 -$300K +2,169 +2.5%
70 WES 0.32% 142,430 $6M $38.70 -$190K +3,223 +2.3%
71 AAPL 0.31% 25,610 $5M $205.18 -$2M -5,417 -17.5%
72 PGR 0.28% 18,031 $5M $266.86 -$3M -7,809 -30.2%
73 ORCL 0.27% 20,729 $5M $218.63 $2M -579 -2.7%
74 GPK 0.26% 213,422 $4M $21.07 -$856K +7,243 +3.5%
75 FANG 0.25% 31,606 $4M $137.40 -$490K +1,381 +4.6%
76 EDV 0.24% 60,026 $4M $67.30 $114K +4,820 +8.7%
77 HQY 0.21% 34,553 $4M $104.76 +34,553 NEW
78 GOOG 0.19% 18,323 $3M $177.39 $386K -9 -0.1%
79 LLY 0.19% 4,092 $3M $779.51 -$173K +21 +0.5%
80 FLR 0.18% 60,990 $3M $51.27 $942K
81 AMZN 0.17% 13,276 $3M $219.39 -$394K -4,101 -23.6%
82 BRK-B 0.17% 5,901 $3M $485.77 -$638K -679 -10.3%
83 KNX 0.17% 64,712 $3M $44.23 $135K +1,997 +3.2%
84 ADBE 0.16% 7,222 $3M $386.88 $225K +524 +7.8%
85 IWS 0.16% 20,701 $3M $132.14 $445K +2,516 +13.8%
86 TCBI 0.15% 32,668 $3M $79.40 $175K +293 +0.9%
87 VSS 0.15% 18,657 $3M $134.39 $394K +371 +2.0%
88 GPOR 0.15% 12,383 $2M $201.17 $518K +1,668 +15.6%
89 KLAC 0.15% 2,770 $2M $895.64 $445K -224 -7.5%
90 AMAT 0.14% 13,406 $2M $183.07 $618K +751 +5.9%
91 MA 0.14% 4,326 $2M $561.86 -$135K -356 -7.6%
92 META 0.14% 3,188 $2M $737.98 $372K -248 -7.2%
93 ABT 0.14% 16,957 $2M $136.01 $29K -212 -1.2%
94 HOMB 0.13% 80,240 $2M $28.46 -$26K -1,447 -1.8%
95 GBIL 0.13% 22,788 $2M $100.15 -$108K -1,074 -4.5%
96 TRV 0.13% 8,376 $2M $267.54 -$95K -455 -5.2%
97 ROP 0.12% 3,693 $2M $566.84 -$279K -331 -8.2%
98 ASO 0.12% 45,002 $2M $44.81 $18K +1,185 +2.7%
99 SCVL 0.12% 105,689 $2M $18.71 -$97K +11,346 +12.0%
100 BANF 0.11% 15,870 $2M $123.62 $326K +985 +6.6%

New Positions

SymbolValue% Port
HQY $4M 0.21%
BC $2M 0.10%
PRIM $1M 0.08%
MXL $1M 0.07%
MTDR $992K 0.06%
HLMN $833K 0.05%
LOVE $661K 0.04%
GEO $583K 0.03%
IDXX $486K 0.03%
SYY $484K 0.03%
IXUS $435K 0.03%
EMN $432K 0.03%
WCC $407K 0.02%
APD $366K 0.02%
ZVIA $315K 0.02%

Sold Out Positions

SymbolValue% Port
CASY —%
MTW —%
ETR —%
DD —%
YUMC —%
IQI —%
NVO —%
DEO —%
THC —%
AESI —%
UNH —%
CHRD —%
SPY —%
PLAB —%
ICHR —%
View SEC EDGAR Filings for TECTONIC ADVISORS LLC →

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