TFC Financial Management, Inc.
Long book
$811.6M
Q1 2026
Positions
998
Top-10 weight
77%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsTFC Financial Management, Inc. is a wealth-management firm allocating client money, running a $811.6M US long book across 998 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHARES CORE MSCI DEV MKTS, ISHARES 1-3 YEAR TREASURY BO, ISHARES CORE MSCI EMERGING, JPMORGAN US QUALITY FACTOR.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 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
+1.4%
Q2 2024
+6.8%
Q3 2024
-0.5%
Q4 2024
-0.9%
Q1 2025
+8.1%
Q2 2025
+6.7%
Q3 2025
+3.0%
Q4 2025
-1.0%
Q1 2026
+11.7%
Sector allocation
Technology 32%
Healthcare 20%
Financials 14%
Industrials 8%
Consumer discretionary 7%
Energy 7%
Services media 5%
Other 3%
Long book by quarter
What does TFC Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JNJ JOHNSON & JOHNSON | Healthcare | 49.2K | $12.0M | 1.5% | -1.2% |
| AAPL APPLE INC | Technology | 43.2K | $11.0M | 1.3% | -6.3% |
| XOM EXXON MOBIL CORP | Energy | 40.7K | $6.9M | 0.9% | +0.3% |
| MSFT MICROSOFT CORP | Technology | 16.1K | $5.9M | 0.7% | -2.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 11.7K | $5.6M | 0.7% | -11.2% |
| MRK MERCK & CO. INC. | Healthcare | 38.6K | $4.6M | 0.6% | Held |
| NVDA NVIDIA CORP | Technology | 23.8K | $4.2M | 0.5% | -3.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.4% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 12.5K | $3.0M | 0.4% | -2.4% |
| GOOGL ALPHABET INC-CL A | Technology | 9.4K | $2.7M | 0.3% | -2.1% |
| ACN ACCENTURE PLC-CL A | Services media | 12.2K | $2.4M | 0.3% | -0.4% |
| ONB OLD NATIONAL BANCORP | Financials | 101.4K | $2.2M | 0.3% | -6.5% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 6.1K | $2.1M | 0.3% | Held |
| GE GENERAL ELECTRIC | Industrials | 7.3K | $2.1M | 0.3% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.6K | $2.0M | 0.2% | +2.5% |
| JPM JPMORGAN CHASE & CO | Financials | 6.8K | $2.0M | 0.2% | +2.3% |
| GEV GE VERNOVA INC | Industrials | 1.7K | $1.5M | 0.2% | +0.1% |
| HTFL HEARTFLOW INC | Healthcare | 55.6K | $1.4M | 0.2% | New |
| EXPE EXPEDIA GROUP INC | Industrials | 5.5K | $1.3M | 0.2% | Held |
| MA MASTERCARD INC - A | Services media | 2.5K | $1.3M | 0.2% | -2.6% |
| WMT WALMART INC | Consumer discretionary | 10.1K | $1.3M | 0.2% | -5.7% |
| GOOG ALPHABET INC-CL C | Technology | 4.3K | $1.2M | 0.2% | -8.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 8.2K | $1.2M | 0.1% | -8.5% |
| META META PLATFORMS INC-CLASS A | Technology | 2.0K | $1.2M | 0.1% | +2.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.1M | 0.1% | -5.0% |
| MMM 3M CO | Healthcare | 7.0K | $1.0M | 0.1% | -1.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 7.6K | $901K | 0.1% | Held |
| DDOG DATADOG INC - CLASS A | Technology | 7.6K | $892K | 0.1% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 2.3K | $771K | 0.1% | +0.8% |
| LLY ELI LILLY & CO | Healthcare | 784 | $721K | 0.1% | -8.8% |
| MO ALTRIA GROUP INC | Consumer staples | 10.8K | $716K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 3.2K | $704K | 0.1% | -8.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 6.5K | $671K | 0.1% | -0.1% |
| AVGO BROADCOM INC | Technology | 2.1K | $641K | 0.1% | -2.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 3.9K | $621K | 0.1% | -0.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.3K | $607K | 0.1% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.9K | $579K | 0.1% | +5.7% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 2.8K | $577K | 0.1% | -5.3% |
| AMSC AMERICAN SUPERCONDUCTOR CORP | Industrials | 16.7K | $567K | 0.1% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 3.4K | $561K | 0.1% | -1.9% |
| CVNA CARVANA CO | Consumer discretionary | 1.7K | $545K | 0.1% | -2.8% |
| CL COLGATE-PALMOLIVE CO | Other | 6.3K | $536K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 2.5K | $521K | 0.1% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 604 | $511K | 0.1% | +3.2% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 7.9K | $455K | 0.1% | -3.3% |
| GPC GENUINE PARTS CO | Consumer discretionary | 3.9K | $415K | 0.1% | -0.1% |
| NEE NEXTERA ENERGY INC | Utilities | 4.4K | $413K | 0.1% | Held |
| TSLA TESLA INC | Industrials | 1.1K | $400K | 0.0% | -6.0% |
| CTVA CORTEVA INC | Consumer staples | 4.6K | $384K | 0.0% | -11.2% |
| RTX RTX CORP | Industrials | 2.0K | $382K | 0.0% | -14.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 998 | $811.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 963 | $797.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 996 | $780.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 972 | $730.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 958 | $653.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 978 | $632.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 1004 | $632.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 969 | $570.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 904 | $562.9M | canonical | SEC ↗ |