Tectonic Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Tectonic Advisors LLC reported 319 stock positions worth $1.5 billion. Its top holding was PIMCO Active Bond Exchange-T (BOND) at 9.6% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 8.7%) and Vanguard S&P 500 ETF (VOO, 6.4%). Compared with Q3 2024, it opened 30 new positions, sold out of 14, added to 220 and reduced 52. The biggest buy was a new position in Somnigroup International (SGI) and the biggest sale PIMCO Active Bond Exchange-T (BOND, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- FRISCO, TX
- CIK
- 0001859918
- Portfolio Value
- $1.5B (Q4 2024)
- SEC Filing
- 0001085146-25-000511 ↗ filed Jan 27, 2025
Holdings Value
Holdings 319 stocks · $1.5B
| BOND PIMCO Active Bond Exchange-T | 9.64% | 1,630,530 | $147.4M | Reduce -10.8% |
| VEA Vanguard Ftse Developed ETF | 8.68% | 2,774,223 | $132.7M | Add +5.0% |
| VOO Vanguard S&P 500 ETF | 6.41% | 181,914 | $98.0M | Add +2.7% |
| TOTL SS Doubleline TR Tact ETF | 6.27% | 2,435,836 | $95.9M | Add +3.7% |
| IVV iShares Core S&P 500 ETF | 4.19% | 108,777 | $64.0M | Add +2.8% |
| VWO Vanguard Ftse Emerging Marke | 2.86% | 993,401 | $43.7M | Add +3.7% |
| BND Vanguard Total Bond Market | 2.56% | 543,849 | $39.1M | Add +1.4% |
| AGG iShares Core U.S. Aggregate | 2.03% | 319,909 | $31.0M | Reduce -2.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.89% | 316,895 | $29.0M | Reduce -10.0% |
| ABEQ Absolute Select Value ETF | 1.39% | 675,831 | $21.3M | Reduce -1.5% |
| FLXR TCW Flexible Income ETF | 1.26% | 496,926 | $19.2M | Add +8.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.22% | 70,476 | $18.6M | Add +3.0% |
| EPD Enterprise Products Partners | 1.17% | 570,393 | $17.9M | Add +5.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.11% | 246,715 | $17.0M | Add +1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.02% | 64,783 | $15.6M | Add +3.4% |
| VNQ Vanguard Real Estate ETF | 1.01% | 172,904 | $15.4M | Add +2.1% |
| VIST Vista Energy Sab DE CV | 0.90% | 252,976 | $13.7M | No change |
| USFR Wisdomtree Floating Rate Tre | 0.87% | 265,713 | $13.4M | Add +12.4% |
| AVGO Broadcom Inc. | 0.79% | 52,092 | $12.1M | Add +2.4% |
| AMLP Alerian MLP ETF | 0.77% | 243,800 | $11.7M | Reduce -0.3% |
| MLPA Global X MLP ETF | 0.75% | 231,764 | $11.5M | Add +0.1% |
| ENB Enbridge Inc. | 0.73% | 263,948 | $11.2M | Add +9.8% |
| USRT iShares Core US REIT ETF | 0.73% | 195,216 | $11.2M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.71% | 49,527 | $10.9M | Add +5.8% |
| MAIN Main Street Capital Corp. | 0.71% | 185,666 | $10.9M | Add +11.1% |
| CSCO Cisco Systems Inc. | 0.70% | 181,161 | $10.7M | Add +5.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.69% | 100,207 | $10.5M | Add +4.5% |
| OKE Oneok Inc. | 0.68% | 104,211 | $10.5M | Add +4.0% |
| ET Energy Transfer LP | 0.68% | 527,348 | $10.3M | Add +7.9% |
| HTGC Hercules Capital Inc. | 0.65% | 493,808 | $9.9M | Add +14.0% |
| MPLX MPLX LP | 0.64% | 205,438 | $9.8M | Add +8.5% |
| T AT&T Inc. | 0.63% | 420,688 | $9.6M | Add +6.3% |
| ARCC Ares Capital Corp. | 0.62% | 435,220 | $9.5M | Add +13.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.61% | 133,228 | $9.4M | Add +3.4% |
| OBDC Blue Owl Capital Corp. | 0.60% | 609,881 | $9.2M | Add +15.4% |
| LKQ LKQ Corp. | 0.60% | 248,961 | $9.1M | Reduce -3.1% |
| VZ Verizon Communications Inc. | 0.59% | 223,798 | $8.9M | Add +8.7% |
| CLH Clean Harbors Inc. | 0.58% | 38,719 | $8.9M | Add +3.6% |
| NNN NNN REIT Inc. | 0.58% | 215,748 | $8.8M | Add +17.8% |
| PGR Progressive Corp. | 0.57% | 36,684 | $8.8M | Reduce -4.0% |
| CSWC Capital Southwest Corp. | 0.57% | 398,008 | $8.7M | Add +21.0% |
| MO Altria Group Inc. | 0.56% | 163,357 | $8.5M | Add +10.9% |
| CRH CRH PLC | 0.55% | 90,844 | $8.4M | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 0.54% | 133,068 | $8.3M | Add +3.0% |
| IJR iShares Core S&P Small-Cap E | 0.52% | 69,543 | $8.0M | Add +2.4% |
| PG The Procter & Gamble Co. | 0.52% | 47,057 | $7.9M | Add +14.0% |
| GILD Gilead Sciences Inc. | 0.49% | 81,286 | $7.5M | Add +7.4% |
| DOC Healthpeak Properties Inc. | 0.49% | 368,394 | $7.5M | Add +10.9% |
| ABBV Abbvie Inc. | 0.49% | 42,018 | $7.5M | Add +15.7% |
| AAPL Apple Inc. | 0.48% | 29,281 | $7.3M | Add +2.9% |
| MRK Merck & Co. Inc. | 0.48% | 73,046 | $7.3M | Add +14.2% |
| KO The Coca-Cola Co. | 0.47% | 115,102 | $7.2M | Add +15.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.45% | 237,250 | $6.9M | Add +15.9% |
| PAYX Paychex Inc. | 0.45% | 48,920 | $6.9M | Add +11.0% |
| O Realty Income Corp. | 0.45% | 128,310 | $6.9M | Add +17.6% |
| PEP Pepsico Inc. | 0.45% | 44,938 | $6.8M | Add +16.8% |
| AMH American Homes 4 Rent- A | 0.44% | 180,553 | $6.8M | Add +5.2% |
| DUK Duke Energy Corp. | 0.43% | 61,197 | $6.6M | Add +13.6% |
| RBA RB Global Inc. | 0.43% | 72,976 | $6.6M | Add +22.2% |
| HAS Hasbro Inc. | 0.42% | 114,977 | $6.4M | Add +14.2% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.42% | 120,808 | $6.4M | Add +12.2% |
| KEX Kirby Corp. | 0.42% | 60,188 | $6.4M | Add +4.8% |
| GPK Graphic Packaging Holding Co. | 0.42% | 233,919 | $6.4M | Reduce -14.5% |
| PNFP Pinnacle Financial Partners | 0.41% | 54,834 | $6.3M | Add +20.9% |
| CIEN Ciena Corp. | 0.41% | 73,838 | $6.3M | Add +27.6% |
| MAS Masco Corp. | 0.41% | 85,872 | $6.2M | Add +3.4% |
| AZO AutoZone Inc. | 0.40% | 1,917 | $6.1M | Add +3.1% |
| ED Consolidated Edison Inc. | 0.39% | 67,032 | $6.0M | Add +18.3% |
| PFE Pfizer Inc. | 0.39% | 223,686 | $5.9M | Add +23.5% |
| PPG PPG Industries Inc. | 0.38% | 48,884 | $5.8M | Add +4.0% |
| IAGG iShares Intl Aggregate Bond | 0.37% | 113,408 | $5.7M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.36% | 72,700 | $5.4M | Add +16.6% |
| MSFT Microsoft Corp. | 0.35% | 12,688 | $5.3M | Add +18.9% |
| WES Western Midstream Partners L | 0.34% | 136,278 | $5.2M | Add +2.4% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 0.34% | 92,244 | $5.2M | New |
| FANG Diamondback Energy Inc. | 0.34% | 31,467 | $5.2M | Add +38.2% |
| BERY Berry Global Group Inc. | 0.33% | 77,591 | $5.0M | Add +1.8% |
| BWX SS SPDR BB Intl Treasury BD | 0.32% | 229,525 | $4.9M | No change |
| GOOG Alphabet Inc. Class C | 0.26% | 20,500 | $3.9M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.23% | 15,897 | $3.5M | Reduce -15.6% |
| EDV Vanguard Extended Dur Treas | 0.23% | 51,196 | $3.5M | Add +9.1% |
| ORCL Oracle Corp. | 0.22% | 20,106 | $3.4M | Add +8.8% |
| KNX Knight-Swift Transportation | 0.22% | 62,312 | $3.3M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 6,756 | $3.1M | Add +0.5% |
| FLR Fluor Corp. | 0.20% | 60,990 | $3.0M | No change |
| LLY Eli Lilly & Co. | 0.20% | 3,890 | $3.0M | Add +16.4% |
| ADBE Adobe Inc. | 0.17% | 5,712 | $2.5M | Add +12.8% |
| GBIL Goldman Sachs Access Treasur | 0.16% | 24,851 | $2.5M | Add +0.1% |
| STKL Sunopta Inc. | 0.16% | 313,411 | $2.4M | Add +17.8% |
| MA Mastercard Inc. Class A | 0.15% | 4,280 | $2.3M | Add +1.3% |
| EXP Eagle Materials Inc. | 0.14% | 8,594 | $2.1M | Add +1.9% |
| TRV The Travelers Cos Inc. | 0.14% | 8,752 | $2.1M | Add +0.5% |
| TFIN Triumph Financial Inc. | 0.14% | 23,190 | $2.1M | Add +2.1% |
| IWS iShares Russell Mid-Cap Valu | 0.14% | 16,133 | $2.1M | Add +2.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.13% | 17,357 | $2.0M | Add +8.4% |
| BANC Banc of California Inc. | 0.13% | 128,296 | $2.0M | Add +6.4% |
| CBRE CBRE Group Inc. Class A | 0.13% | 15,044 | $2.0M | Add +211.3% |
| HPQ HP Inc. | 0.13% | 59,775 | $2.0M | Add +7.3% |
| ABT Abbott Laboratories | 0.13% | 17,101 | $1.9M | Add +0.8% |
| GBX Greenbrier Companies Inc. | 0.13% | 31,675 | $1.9M | Add +3.6% |
Options reported separately and not counted above: VIST puts ($7.0M).
Portfolio Sells Q3 2024 → Q4 2024
| BOND PIMCO Active Bond Exchange-T | Reduce -10.8% | 9.64% | −1.71 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -10.0% | 1.89% | −0.23 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.22 |
| AGG iShares Core U.S. Aggregate | Reduce -2.4% | 2.03% | −0.15 |
| GPK Graphic Packaging Holding Co. | Reduce -14.5% | 0.42% | −0.12 |
| MCHP Microchip Technology Inc. | Reduce -70.6% | 0.02% | −0.09 |
| ABEQ Absolute Select Value ETF | Reduce -1.5% | 1.39% | −0.08 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.08 |
| LKQ LKQ Corp. | Reduce -3.1% | 0.60% | −0.08 |
| PGR Progressive Corp. | Reduce -4.0% | 0.57% | −0.06 |
| PUMP Propetro Holding Corp. | Sold out | 0.00% | −0.06 |
| CALM Cal-Maine Foods Inc. | Reduce -75.8% | 0.03% | −0.06 |
| EQC Equity Commonwealth | Sold out | 0.00% | −0.06 |
| KE Kimball Electronics Inc. | Sold out | 0.00% | −0.05 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.05 |
| DIOD Diodes Inc. | Sold out | 0.00% | −0.04 |
| AESI Atlas Energy Solutions Inc. | Reduce -48.6% | 0.04% | −0.04 |
| SFIX Stitch Fix Inc. Class A | Sold out | 0.00% | −0.04 |
| KRNT Kornit Digital Ltd. | Reduce -74.7% | 0.01% | −0.03 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.03 |
| ICLR Icon PLC | Reduce -45.1% | 0.02% | −0.03 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -2.9% | 0.07% | −0.03 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.03 |
| SLND Southland Holdings Inc. | Sold out | 0.00% | −0.03 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.02 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.02 |
| SNBRQ Sleep Number Corp. | Reduce -10.1% | 0.07% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -36.8% | 0.02% | −0.02 |
| HALO Halozyme Therapeutics Inc. | Reduce -5.1% | 0.08% | −0.02 |
| AVNW Aviat Networks Inc. | Reduce -3.3% | 0.07% | −0.02 |
| MDT Medtronic PLC | Reduce -4.4% | 0.09% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -2.5% | 0.10% | −0.02 |
| URI United Rentals Inc. | Reduce -7.7% | 0.06% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.1% | 0.03% | −0.01 |
| TSEM Tower Semiconductor Ltd. | Reduce -27.8% | 0.06% | −0.01 |
| IT Gartner Inc. | Reduce -33.6% | 0.02% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -2.8% | 0.08% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -0.2% | 0.06% | −0.01 |
| DE Deere & Co. | Reduce -31.7% | 0.02% | −0.01 |
| PHM Pultegroup Inc. | Reduce -0.6% | 0.03% | −0.01 |
| PHYS Sprott Physical Gold Trust | Reduce -14.3% | 0.05% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -2.0% | 0.05% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -6.6% | 0.02% | −0.01 |
| NOW ServiceNow Inc. | Reduce -21.0% | 0.07% | −0.00 |
| NVDA Nvidia Corp. | Reduce -32.8% | 0.01% | −0.00 |
| ACN Accenture PLC Class A | Reduce -7.0% | 0.05% | −0.00 |
| BKR Baker Hughes Co. | Reduce -22.4% | 0.03% | −0.00 |
| ETR Entergy Corp. | Reduce -20.9% | 0.04% | −0.00 |
| CAT Caterpillar Inc. | Reduce -1.5% | 0.04% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| SGI Somnigroup International Inc. | New | 0.34% | +0.34 |
| VOO Vanguard S&P 500 ETF | Add +2.7% | 6.41% | +0.28 |
| AVGO Broadcom Inc. | Add +2.4% | 0.79% | +0.21 |
| IVV iShares Core S&P 500 ETF | Add +2.8% | 4.19% | +0.18 |
| CIEN Ciena Corp. | Add +27.6% | 0.41% | +0.18 |
| MAIN Main Street Capital Corp. | Add +11.1% | 0.71% | +0.16 |
| ET Energy Transfer LP | Add +7.9% | 0.68% | +0.16 |
| EPD Enterprise Products Partners | Add +5.4% | 1.17% | +0.14 |
| PNFP Pinnacle Financial Partners | Add +20.9% | 0.41% | +0.12 |
| AMAT Applied Materials Inc. | New | 0.12% | +0.12 |
| RBA RB Global Inc. | Add +22.2% | 0.43% | +0.12 |
| CSCO Cisco Systems Inc. | Add +5.9% | 0.70% | +0.10 |
| OBDC Blue Owl Capital Corp. | Add +15.4% | 0.60% | +0.10 |
| ARCC Ares Capital Corp. | Add +13.6% | 0.62% | +0.10 |
| USFR Wisdomtree Floating Rate Tre | Add +12.4% | 0.87% | +0.10 |
| ENB Enbridge Inc. | Add +9.8% | 0.73% | +0.09 |
| HTGC Hercules Capital Inc. | Add +14.0% | 0.65% | +0.09 |
| MPLX MPLX LP | Add +8.5% | 0.64% | +0.09 |
| CBRE CBRE Group Inc. Class A | Add +211.3% | 0.13% | +0.09 |
| OKE Oneok Inc. | Add +4.0% | 0.68% | +0.09 |
| FANG Diamondback Energy Inc. | Add +38.2% | 0.34% | +0.08 |
| GILD Gilead Sciences Inc. | Add +7.4% | 0.49% | +0.07 |
| RXO Rxo Inc. | New | 0.07% | +0.07 |
| MO Altria Group Inc. | Add +10.9% | 0.56% | +0.07 |
| FLXR TCW Flexible Income ETF | Add +8.7% | 1.26% | +0.06 |
| PAYX Paychex Inc. | Add +11.0% | 0.45% | +0.06 |
| T AT&T Inc. | Add +6.3% | 0.63% | +0.05 |
| MSFT Microsoft Corp. | Add +18.9% | 0.35% | +0.05 |
| DEO Diageo PLC-Sponsored ADR | New | 0.05% | +0.05 |
| PG The Procter & Gamble Co. | Add +14.0% | 0.52% | +0.05 |
| STKL Sunopta Inc. | Add +17.8% | 0.16% | +0.05 |
| AAPL Apple Inc. | Add +2.9% | 0.48% | +0.04 |
| PFE Pfizer Inc. | Add +23.5% | 0.39% | +0.04 |
| GEHC GE Healthcare Technology | New | 0.04% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.4% | 1.02% | +0.04 |
| GPOR Gulfport Energy Corp. | Add +28.5% | 0.11% | +0.04 |
| RPC Ridgepost Capital Inc. Class A | New | 0.04% | +0.04 |
| FARO Faro Technologies Inc. | New | 0.04% | +0.04 |
| GPI Group 1 Automotive Inc. | New | 0.03% | +0.03 |
| XEL Xcel Energy Inc. | Add +110.3% | 0.06% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.4% | 1.11% | +0.03 |
| KTB Kontoor Brands Inc. | New | 0.03% | +0.03 |
| HSY The Hershey Co. | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | Add +5.8% | 0.71% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.0% | 1.22% | +0.03 |
| PR Permian Resources Corp. Class A | New | 0.03% | +0.03 |
| DG Dollar General Corp. | New | 0.03% | +0.03 |
| WY Weyerhaeuser Co. | New | 0.03% | +0.03 |
| JPC Nuveen Prefered & Income Opp | New | 0.03% | +0.03 |
| AGCO Agco Corp. | New | 0.03% | +0.03 |
Options Activity Q3 2024 → Q4 2024
| VIST Vista Energy Sab DE CV | put | Reduce -27.8% | 130,000 | $7.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 289 | $2.1B | VOO, BOND, IVV, TOTL, SPYM |
| Q1 2026 | 267 | $1.9B | BOND, VOO, TOTL, IVV, GQGU |
| Q4 2025 | 319 | $1.9B | BOND, VOO, TOTL, IVV, SPYM |
| Q3 2025 | 330 | $1.8B | BOND, VOO, TOTL, IVV, SPYM |
| Q2 2025 | 318 | $1.7B | VEA, BOND, VOO, TOTL, IVV |
| Q1 2025 | 316 | $1.6B | BOND, VEA, TOTL, VOO, IVV |
| Q4 2024 | 319 | $1.5B | BOND, VEA, VOO, TOTL, IVV |
| Q3 2024 | 303 | $1.5B | BOND, VEA, TOTL, VOO, IVV |
| Q2 2024 | 298 | $1.4B | BOND, VEA, TOTL, VOO, IVV |
| Q1 2024 | 294 | $1.3B | BOND, VEA, TOTL, VOO, IVV |