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Asset Manager ← All Institutions

TECTONIC ADVISORS LLC

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

Q3 2025 · Filed 2025-10-21
Market Value
$1.8B
+6.6%
Holdings
357
+23
New Purchases
42
Added To
149
Closed
30
Reduced
118
Top 10 Concentration
41.7%
Turnover
20.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GQGU 3.81% 0.00% +3.81% $69M
SPLG 4.07% 1.08% +3.00% $74M
TLCI 2.21% 0.00% +2.21% $40M
PCLG 1.88% 0.00% +1.88% $34M
CWEN-A 0.70% 0.00% +0.70% $13M
TSLX 0.70% 0.00% +0.70% $13M
WPC 0.60% 0.00% +0.60% $11M
VOO 6.88% 6.56% +0.31% $125M
IVV 4.64% 4.44% +0.20% $85M
CRH.L 0.71% 0.51% +0.20% $13M
HQY 0.40% 0.21% +0.19% $7M
IIIV 0.16% 0.00% +0.16% $3M
NGG 0.14% 0.00% +0.14% $3M
ABBV 0.68% 0.54% +0.13% $12M
SHEL 0.12% 0.00% +0.12% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VEA 2.35% 9.51% -7.16% $43M
VWO 0.73% 3.02% -2.29% $13M
MAIN 0.00% 0.75% -0.75% $0
CSWC 0.00% 0.67% -0.67% $0
VIST 0.03% 0.63% -0.60% $516K
BOND 8.07% 8.61% -0.54% $147M
DOC 0.00% 0.50% -0.50% $0
BIL 1.71% 2.11% -0.40% $31M
TOTL 5.38% 5.69% -0.31% $98M
GPK 0.00% 0.26% -0.26% $0
AVGO 0.64% 0.86% -0.22% $12M
KEX 0.49% 0.67% -0.18% $9M
USFR 0.70% 0.83% -0.13% $13M
HOMB 0.00% 0.13% -0.13% $0
ORCL 0.14% 0.27% -0.13% $3M

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 $470M 25.8%
Large Cap 194 $678M 37.3%
Mid Cap 77 $431M 23.7%
Small Cap 26 $70M 3.8%
Micro Cap 13 $171M 9.4%

Portfolio Analytics

Avg Market Cap
$168.8B
Median Market Cap
$23.3B
Avg P/E
32.1
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
0.88
# Stocks
288
# ETFs / Funds
69

Top Holdings (357 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BOND 8.07% 1,574,069 $147M $93.35 -$145K -21,557 -1.4%
2 VOO 6.88% 204,459 $125M $612.38 $13M +7,060 +3.6%
3 TOTL 5.38% 2,414,132 $98M $40.57 $707K -10,061 -0.4%
4 IVV 4.64% 126,289 $85M $669.30 $9M +4,093 +3.4%
5 SPLG 4.07% 946,683 $74M $78.34 $56M +693,668 +274.2%
6 GQGU 3.81% 2,748,025 $69M $25.25 +2,748,025 NEW
7 BND 2.40% 587,724 $44M $74.37 $1M +10,574 +1.8%
8 VEA 2.35% 713,768 $43M $59.92 -$120M -2,134,913 -74.9%
9 TLCI 2.21% 1,519,692 $40M $26.48 +1,519,692 NEW
10 AGG 1.94% 353,100 $35M $100.25 $629K +2,601 +0.7%
11 PCLG 1.88% 1,368,164 $34M $25.03 +1,368,164 NEW
12 BIL 1.71% 339,221 $31M $91.75 -$5M -54,197 -13.8%
13 FLXR 1.29% 588,747 $23M $39.80 $1M +23,754 +4.2%
14 ABEQ 1.27% 638,763 $23M $36.08 $655K -14,308 -2.2%
15 VO 1.26% 77,935 $23M $293.74 $2M +2,696 +3.6%
16 EPD 1.17% 678,769 $21M $31.27 $2M +61,669 +10.0%
17 VB 1.04% 74,494 $19M $254.28 $2M +3,122 +4.4%
18 VNQ 0.92% 184,089 $17M $91.42 $951K +5,800 +3.2%
19 ENB 0.87% 312,804 $16M $50.46 $2M +15,973 +5.4%
20 IRM 0.83% 148,375 $15M $101.94 $2M +19,999 +15.6%
21 IBM 0.83% 53,289 $15M $282.16 $419K +3,704 +7.5%
22 AMLP 0.77% 298,985 $14M $46.93 $150K +14,872 +5.2%
23 MLPA 0.76% 286,664 $14M $48.42 $208K +14,300 +5.2%
24 OKE 0.76% 188,842 $14M $72.97 $3M +55,024 +41.1%
25 VWO 0.73% 246,827 $13M $54.18 -$38M -797,478 -76.4%
26 T 0.73% 473,095 $13M $28.24 $441K +26,697 +6.0%
27 IEFA 0.73% 152,236 $13M $87.31 $1M +5,100 +3.5%
28 MO 0.72% 198,380 $13M $66.06 $2M +9,973 +5.3%
29 CSCO 0.72% 191,102 $13M $68.42 $247K +6,204 +3.4%
30 NNN 0.72% 307,042 $13M $42.57 $1M +33,905 +12.4%
31 HTGC 0.72% 689,511 $13M $18.91 $2M +67,949 +10.9%
32 CRH.L 0.71% 107,793 $13M $119.90 $4M +12,437 +13.0%
33 IAGG 0.70% 250,308 $13M $51.23 $2M +43,000 +20.7%
34 CWEN-A 0.70% 475,699 $13M $26.93 +475,699 NEW
35 TSLX 0.70% 558,938 $13M $22.86 +558,938 NEW
36 USFR 0.70% 253,376 $13M $50.27 -$1M -29,608 -10.5%
37 VZ 0.69% 284,781 $13M $43.95 $1M +26,805 +10.4%
38 BWX 0.68% 541,925 $12M $23.00 $2M +99,000 +22.4%
39 ABBV 0.68% 53,388 $12M $231.54 $3M +3,322 +6.6%
40 ARCC 0.67% 598,042 $12M $20.41 $454K +62,887 +11.8%
41 MPLX 0.66% 241,725 $12M $49.95 $497K +16,962 +7.5%
42 OBDC 0.65% 924,029 $12M $12.77 $801K +157,024 +20.5%
43 AVGO 0.64% 35,461 $12M $329.91 -$3M -17,688 -33.3%
44 ET 0.63% 671,069 $12M $17.16 $447K +60,567 +9.9%
45 USRT 0.63% 195,306 $11M $58.72 $422K
46 HAS 0.62% 148,070 $11M $75.85 $631K +4,477 +3.1%
47 WPC 0.60% 163,031 $11M $67.57 +163,031 NEW
48 O 0.60% 181,194 $11M $60.79 $2M +20,249 +12.6%
49 VICI 0.58% 323,718 $11M $32.61 $1M +31,923 +10.9%
50 MRK 0.58% 124,950 $10M $83.93 $2M +23,294 +22.9%
51 CLH 0.57% 44,991 $10M $232.22 $757K +3,070 +7.3%
52 GILD 0.57% 93,682 $10M $111.00 $606K +5,356 +6.1%
53 SGI 0.57% 122,559 $10M $84.33 $2M +2,074 +1.7%
54 IJH 0.55% 154,367 $10M $65.26 $860K +5,801 +3.9%
55 LKQ 0.54% 320,687 $10M $30.54 $812K +77,990 +32.1%
56 DUK 0.54% 79,069 $10M $123.75 $1M +6,146 +8.4%
57 ED 0.53% 95,345 $10M $100.52 $2M +15,462 +19.4%
58 AZO 0.53% 2,232 $10M $4,290.24 $1M +17 +0.8%
59 IJR 0.52% 80,421 $10M $118.83 $1M +3,100 +4.0%
60 MSM 0.51% 100,967 $9M $92.14 $1M +8,623 +9.3%
61 PG 0.51% 60,361 $9M $153.65 $343K +4,302 +7.7%
62 PEP 0.50% 65,153 $9M $140.44 $1M +5,383 +9.0%
63 KO 0.50% 136,942 $9M $66.32 -$334K +3,860 +2.9%
64 KEX 0.49% 107,933 $9M $83.45 -$3M +6,434 +6.3%
65 PFE 0.49% 348,424 $9M $25.48 $2M +49,737 +16.6%
66 PAYX 0.47% 67,903 $9M $126.76 $241K +10,386 +18.1%
67 HRB 0.47% 169,753 $9M $50.57 $678K +25,706 +17.9%
68 CIEN 0.42% 52,514 $8M $145.67 -$753K -50,805 -49.2%
69 HQY 0.40% 76,931 $7M $94.77 $4M +42,378 +122.7%
70 PNFP 0.34% 66,818 $6M $93.79 -$1M +127 +0.2%
71 MAS 0.33% 85,665 $6M $70.39 $422K -1,465 -1.7%
72 WES 0.32% 146,457 $6M $39.29 $242K +4,027 +2.8%
73 AAPL 0.29% 21,083 $5M $254.63 $114K -4,527 -17.7%
74 MSFT 0.29% 10,072 $5M $517.97 -$753K -1,930 -16.1%
75 EDV 0.25% 66,347 $5M $68.45 $502K +6,321 +10.5%
76 PGR 0.24% 17,912 $4M $246.96 -$388K -119 -0.7%
77 FANG 0.24% 30,900 $4M $143.10 $79K -706 -2.2%
78 BC 0.21% 61,607 $4M $63.24 $2M +30,212 +96.2%
79 AMH 0.16% 88,306 $3M $33.25 $1M +36,323 +69.9%
80 IIIV 0.16% 88,819 $3M $32.46 +88,819 NEW
81 IWS 0.16% 20,345 $3M $139.67 $106K -356 -1.7%
82 VSS 0.15% 19,690 $3M $142.55 $299K +1,033 +5.5%
83 BRK-B 0.15% 5,548 $3M $502.74 -$77K -353 -6.0%
84 NGG 0.14% 36,321 $3M $72.67 +36,321 NEW
85 KNX 0.14% 65,525 $3M $39.51 -$273K +813 +1.3%
86 FLR 0.14% 60,990 $3M $42.07 -$561K
87 ORCL 0.14% 9,034 $3M $281.23 -$2M -11,695 -56.4%
88 KLAC 0.14% 2,325 $3M $1,078.60 $27K -445 -16.1%
89 LLY 0.13% 3,188 $2M $762.92 -$758K -904 -22.1%
90 AMAT 0.13% 11,663 $2M $204.75 -$66K -1,743 -13.0%
91 META 0.13% 3,157 $2M $734.32 -$34K -31 -1.0%
92 TRV 0.13% 8,267 $2M $279.23 $67K -109 -1.3%
93 GOOGL 0.13% 9,467 $2M $243.10 $580K -303 -3.1%
94 ASO 0.12% 45,288 $2M $50.02 $249K +286 +0.6%
95 HPQ 0.12% 82,933 $2M $27.23 $506K +11,276 +15.7%
96 GBIL 0.12% 22,113 $2M $100.23 -$66K -675 -3.0%
97 SHEL 0.12% 30,057 $2M $71.53 +30,057 NEW
98 EXP 0.12% 9,220 $2M $233.04 $198K -432 -4.5%
99 TCBI 0.12% 25,061 $2M $84.53 -$475K -7,607 -23.3%
100 CLF 0.11% 168,305 $2M $12.20 $611K -21,442 -11.3%

New Positions

SymbolValue% Port
GQGU $69M 3.81%
TLCI $40M 2.21%
PCLG $34M 1.88%
CWEN-A $13M 0.70%
TSLX $13M 0.70%
WPC $11M 0.60%
IIIV $3M 0.16%
NGG $3M 0.14%
SHEL $2M 0.12%
ACWX $2M 0.10%
POWL $2M 0.08%
TECK $1M 0.08%
ALKT $1M 0.07%
SNN $1M 0.06%
CCJ $946K 0.05%

Sold Out Positions

SymbolValue% Port
ACN —%
NOW —%
ZTS —%
MAIN —%
ZVIA —%
BLDR —%
CE —%
NEA —%
MSCI —%
GPK —%
CAG —%
V —%
DOC —%
MOH —%
GIS —%
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