Tull Financial Group, Inc.
Long book
$224.0M
Q1 2026
Positions
31
Top-10 weight
96%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsTull Financial Group, Inc. is a wealth-management firm allocating client money, running a $224.0M US long book across 31 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: STE STR SPDR PT S&P 500 ETF, VANGUARD CORE BOND ETF, ISHARES CORE MSCI EAFE ETF, SS SPDR S&P 500 ETF TRUST-US, ISHRS US E F R A ETF-USD INC.
Over the last 7 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 2 of 7 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
Q3 2024
-0.8%
Q4 2024
-0.2%
Q1 2025
+8.7%
Q2 2025
+6.2%
Q3 2025
+2.4%
Q4 2025
-1.9%
Q1 2026
+11.2%
Sector allocation
Technology 48%
Industrials 25%
Consumer discretionary 12%
Financials 7%
Other 7%
Long book by quarter
What does Tull Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 6.1K | $1.1M | 0.5% | -0.4% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 3.4K | $990K | 0.4% | -1.1% |
| AAPL APPLE INC | Technology | 3.4K | $861K | 0.4% | -8.5% |
| MSFT MICROSOFT CORP | Technology | 1.7K | $614K | 0.3% | -4.1% |
| TSLA TESLA INC | Industrials | 1.6K | $597K | 0.3% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.8K | $586K | 0.3% | -0.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 988 | $473K | 0.2% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.0K | $294K | 0.1% | +0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.7K | $246K | 0.1% | -6.8% |
| TOWN TOWNE BANK | — | 6.5K | $217K | 0.1% | +0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 372 | $213K | 0.1% | +0.3% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 1.8K | $201K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 31 | $224.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 32 | $233.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 8, 2025 | 31 | $226.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 20, 2025 | 35 | $219.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Aug 20, 2025 | 27 | $171.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 28 | $165.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 26 | $164.5M | $K fixed canonical | SEC ↗ |