TECTONIC ADVISORS LLC
Long book
$1.89B
Q1 2026
Positions
267
Top-10 weight
42%
concentration
Last quarter
+7.7%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsTECTONIC ADVISORS LLC is a wealth-management firm allocating client money, running a $1.89B US long book across 267 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: PIMCO ACTIVE BOND EXCHANGE-T, VANGUARD S&P 500 ETF, SS DOUBLELINE TR TACT ETF, ISHARES CORE S&P 500 ETF, GQG US EQUITY ETF.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.5%
Q2 2024
+7.0%
Q3 2024
-1.7%
Q4 2024
+1.5%
Q1 2025
+4.5%
Q2 2025
+4.6%
Q3 2025
+1.1%
Q4 2025
+1.6%
Q1 2026
+7.7%
Sector allocation
Other 17%
Utilities 14%
Technology 13%
Industrials 11%
Healthcare 9%
Consumer discretionary 7%
Energy 7%
Financials 6%
Long book by quarter
What does TECTONIC ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NY4B CLEARWAY ENERGY INC-A | — | 497.0K | $19.5M | 1.0% | +1.1% |
| OKE ONEOK INC | Utilities | 210.2K | $19.0M | 1.0% | +1.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 345.6K | $17.4M | 0.9% | +4.4% |
| ENB ENBRIDGE INC | Energy | 318.7K | $17.3M | 0.9% | -2.3% |
| T AT&T INC | Communications | 546.7K | $15.8M | 0.8% | +5.4% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 405.4K | $15.3M | 0.8% | -42.1% |
| MRK MERCK & CO. INC. | Healthcare | 126.2K | $15.2M | 0.8% | -1.6% |
| CSCO CISCO SYSTEMS INC | Technology | 195.0K | $15.1M | 0.8% | -0.4% |
| MPLX MPLX LP | Energy | 262.6K | $15.0M | 0.8% | +3.9% |
| MO ALTRIA GROUP INC | Consumer staples | 224.7K | $14.8M | 0.8% | +4.4% |
| ET ENERGY TRANSFER LP | Utilities | 756.9K | $14.6M | 0.8% | +4.2% |
| HAS HASBRO INC | Other | 152.6K | $14.3M | 0.8% | -1.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 58.3K | $14.1M | 0.7% | +8.0% |
| ARCC ARES CAPITAL CORP | — | 747.6K | $13.5M | 0.7% | +12.8% |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 728.1K | $13.4M | 0.7% | +17.9% |
| GILD GILEAD SCIENCES INC | Healthcare | 95.9K | $13.4M | 0.7% | -1.5% |
| OBDC BLUE OWL CAPITAL CORP | — | 1.2M | $13.3M | 0.7% | +15.1% |
| HTGC HERCULES CAPITAL INC | — | 893.1K | $13.2M | 0.7% | +17.6% |
| CLH CLEAN HARBORS INC | Utilities | 45.0K | $12.9M | 0.7% | -1.2% |
| ABBV ABBVIE INC | Healthcare | 57.8K | $12.6M | 0.7% | +4.4% |
| ED CONSOLIDATED EDISON INC | Utilities | 107.2K | $12.1M | 0.6% | +4.4% |
| AVGO BROADCOM INC | Technology | 38.2K | $11.8M | 0.6% | +5.4% |
| DUK DUKE ENERGY CORP | Utilities | 89.2K | $11.7M | 0.6% | +4.4% |
| PFE PFIZER INC | Healthcare | 400.6K | $11.2M | 0.6% | +6.8% |
| CRH CRH PLC | Industrials | 105.7K | $11.1M | 0.6% | +7.7% |
| MSM MSC INDUSTRIAL DIRECT CO-A | Consumer discretionary | 117.2K | $10.8M | 0.6% | +6.9% |
| KO COCA-COLA CO/THE | Consumer staples | 140.4K | $10.7M | 0.6% | -4.4% |
| PEP PEPSICO INC | Consumer staples | 68.3K | $10.6M | 0.6% | -1.6% |
| LKQ LKQ CORP | Consumer discretionary | 331.8K | $9.7M | 0.5% | +1.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 64.5K | $9.3M | 0.5% | -3.1% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 124.8K | $9.2M | 0.5% | +1.4% |
| KEX KIRBY CORP | Industrials | 67.7K | $9.0M | 0.5% | -6.4% |
| PAYX PAYCHEX INC | Services media | 95.1K | $8.8M | 0.5% | +19.3% |
| HRB H&R BLOCK INC | Services media | 251.9K | $8.0M | 0.4% | +27.6% |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 138.0K | $7.9M | 0.4% | +119.4% |
| AZO AUTOZONE INC | Consumer discretionary | 2.3K | $7.7M | 0.4% | -4.0% |
| DELL DELL TECHNOLOGIES -C | Technology | 45.3K | $7.4M | 0.4% | +1.4% |
| CIEN CIENA CORP | Technology | 18.6K | $7.2M | 0.4% | -61.9% |
| HQY HEALTHEQUITY INC | Services media | 82.8K | $6.9M | 0.4% | +6.8% |
| RBA RB GLOBAL INC | Services media | 61.7K | $5.9M | 0.3% | +3.1% |
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 68.6K | $5.9M | 0.3% | New |
| MAS MASCO CORP | Industrials | 94.9K | $5.7M | 0.3% | +7.4% |
| BC BRUNSWICK CORP | Industrials | 63.0K | $4.6M | 0.2% | +1.5% |
| FHN FIRST HORIZON CORP | Financials | 188.4K | $4.3M | 0.2% | +1.8% |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 69.3K | $3.9M | 0.2% | +10.0% |
| GNRC GENERAC HOLDINGS INC | Industrials | 19.4K | $3.8M | 0.2% | New |
| PGR PROGRESSIVE CORP | Financials | 18.7K | $3.7M | 0.2% | +0.9% |
| AMAT APPLIED MATERIALS INC | Technology | 9.8K | $3.4M | 0.2% | -6.0% |
| AAPL APPLE INC | Technology | 13.1K | $3.3M | 0.2% | -36.6% |
| FANG DIAMONDBACK ENERGY INC | Energy | 16.5K | $3.3M | 0.2% | -2.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 332 | $1.89B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 411 | $1.90B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 421 | $1.83B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 407 | $1.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 408 | $1.60B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 413 | $1.54B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 391 | $1.53B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 385 | $1.39B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 373 | $1.31B | canonical | SEC ↗ |