Tectonic Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Tectonic Advisors LLC reported 316 stock positions worth $1.6 billion. Its top holding was PIMCO Active Bond Exchange-T (BOND) at 9.4% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 9.0%) and SS Doubleline TR Tact ETF (TOTL, 6.2%). Compared with Q4 2024, it opened 9 new positions, sold out of 12, added to 207 and reduced 82. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +36%) and the biggest sale an exit from PPG Industries (PPG).
- Most Recent 13F
- Q2 2026
- Location
- FRISCO, TX
- CIK
- 0001859918
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001085146-25-002539 ↗ filed May 2, 2025
Holdings Value
Holdings 316 stocks · $1.6B
| BOND PIMCO Active Bond Exchange-T | 9.39% | 1,624,502 | $150.2M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 9.00% | 2,832,766 | $144.0M | Add +2.1% |
| TOTL SS Doubleline TR Tact ETF | 6.20% | 2,462,316 | $99.2M | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 6.00% | 186,676 | $95.9M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 3.96% | 112,823 | $63.4M | Add +3.7% |
| VWO Vanguard Ftse Emerging Marke | 2.90% | 1,025,478 | $46.4M | Add +3.2% |
| BND Vanguard Total Bond Market | 2.63% | 572,754 | $42.1M | Add +5.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.48% | 431,999 | $39.6M | Add +36.3% |
| AGG iShares Core U.S. Aggregate | 2.14% | 345,612 | $34.2M | Add +8.0% |
| ABEQ Absolute Select Value ETF | 1.40% | 658,738 | $22.4M | Reduce -2.5% |
| FLXR TCW Flexible Income ETF | 1.28% | 521,822 | $20.4M | Add +5.0% |
| EPD Enterprise Products Partners | 1.25% | 586,802 | $20.0M | Add +2.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.16% | 72,043 | $18.6M | Add +2.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.01% | 244,930 | $16.1M | Reduce -0.7% |
| VNQ Vanguard Real Estate ETF | 0.99% | 175,152 | $15.9M | Add +1.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.93% | 67,302 | $14.9M | Add +3.9% |
| AMLP Alerian MLP ETF | 0.85% | 260,828 | $13.5M | Add +7.0% |
| MLPA Global X MLP ETF | 0.83% | 249,364 | $13.3M | Add +7.6% |
| USFR Wisdomtree Floating Rate Tre | 0.78% | 247,842 | $12.5M | Reduce -6.7% |
| ENB Enbridge Inc. | 0.77% | 278,241 | $12.3M | Add +5.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.77% | 49,350 | $12.3M | Reduce -0.4% |
| T AT&T Inc. | 0.75% | 425,027 | $12.0M | Add +1.0% |
| MPLX MPLX LP | 0.71% | 211,595 | $11.3M | Add +3.0% |
| USRT iShares Core US REIT ETF | 0.70% | 195,216 | $11.2M | No change |
| OKE Oneok Inc. | 0.69% | 112,028 | $11.1M | Add +7.5% |
| MAIN Main Street Capital Corp. | 0.69% | 193,731 | $11.0M | Add +4.3% |
| CSCO Cisco Systems Inc. | 0.68% | 177,425 | $10.9M | Reduce -2.1% |
| VIST Vista Energy Sab DE CV | 0.68% | 233,976 | $10.9M | Reduce -7.5% |
| VZ Verizon Communications Inc. | 0.68% | 238,901 | $10.8M | Add +6.8% |
| MO Altria Group Inc. | 0.65% | 174,467 | $10.5M | Add +6.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.65% | 137,828 | $10.4M | Add +3.5% |
| ARCC Ares Capital Corp. | 0.65% | 467,953 | $10.4M | Add +7.5% |
| LKQ LKQ Corp. | 0.65% | 242,856 | $10.3M | Reduce -2.5% |
| NNN NNN REIT Inc. | 0.64% | 241,054 | $10.3M | Add +11.7% |
| ET Energy Transfer LP | 0.64% | 550,711 | $10.2M | Add +4.4% |
| HTGC Hercules Capital Inc. | 0.64% | 531,792 | $10.2M | Add +7.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.62% | 115,997 | $10.0M | Add +15.8% |
| CSWC Capital Southwest Corp. | 0.61% | 440,473 | $9.8M | Add +10.7% |
| OBDC Blue Owl Capital Corp. | 0.61% | 670,113 | $9.8M | Add +9.9% |
| ABBV Abbvie Inc. | 0.58% | 44,404 | $9.3M | Add +5.7% |
| GILD Gilead Sciences Inc. | 0.57% | 81,785 | $9.2M | Add +0.6% |
| AVGO Broadcom Inc. | 0.56% | 53,654 | $9.0M | Add +3.0% |
| KO The Coca-Cola Co. | 0.55% | 122,610 | $8.8M | Add +6.5% |
| KEX Kirby Corp. | 0.54% | 85,188 | $8.6M | Add +41.5% |
| PG The Procter & Gamble Co. | 0.54% | 50,353 | $8.6M | Add +7.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.53% | 260,313 | $8.5M | Add +9.7% |
| CRH CRH PLC | 0.53% | 95,534 | $8.4M | Add +5.2% |
| O Realty Income Corp. | 0.51% | 141,378 | $8.2M | Add +10.2% |
| DOC Healthpeak Properties Inc. | 0.51% | 405,188 | $8.2M | Add +10.0% |
| IAGG iShares Intl Aggregate Bond | 0.51% | 163,308 | $8.2M | Add +44.0% |
| ED Consolidated Edison Inc. | 0.51% | 73,129 | $8.1M | Add +9.1% |
| IJH iShares Core S&P Midcap ETF | 0.50% | 138,346 | $8.1M | Add +4.0% |
| PAYX Paychex Inc. | 0.50% | 52,205 | $8.1M | Add +6.7% |
| DUK Duke Energy Corp. | 0.50% | 65,780 | $8.0M | Add +7.5% |
| HAS Hasbro Inc. | 0.50% | 129,429 | $8.0M | Add +12.6% |
| AZO AutoZone Inc. | 0.49% | 2,051 | $7.8M | Add +7.0% |
| CLH Clean Harbors Inc. | 0.48% | 38,695 | $7.6M | Reduce -0.1% |
| IJR iShares Core S&P Small-Cap E | 0.47% | 72,267 | $7.6M | Add +3.9% |
| PEP Pepsico Inc. | 0.47% | 50,320 | $7.5M | Add +12.0% |
| BWX SS SPDR BB Intl Treasury BD | 0.47% | 343,025 | $7.5M | Add +49.5% |
| PGR Progressive Corp. | 0.46% | 25,840 | $7.3M | Reduce -29.6% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.45% | 132,524 | $7.3M | Add +9.7% |
| SGI Somnigroup International Inc. | 0.45% | 120,803 | $7.2M | Add +31.0% |
| MRK Merck & Co. Inc. | 0.45% | 80,532 | $7.2M | Add +10.3% |
| RBA RB Global Inc. | 0.44% | 70,833 | $7.1M | Reduce -2.9% |
| PNFP Pinnacle Financial Partners | 0.44% | 66,301 | $7.0M | Add +20.9% |
| AAPL Apple Inc. | 0.43% | 31,027 | $6.9M | Add +6.0% |
| MSM MSC Industrial Direct Co. Class A | 0.39% | 81,180 | $6.3M | Add +11.7% |
| PFE Pfizer Inc. | 0.39% | 244,619 | $6.2M | Add +9.4% |
| MAS Masco Corp. | 0.37% | 84,961 | $5.9M | Reduce -1.1% |
| WES Western Midstream Partners L | 0.36% | 139,207 | $5.7M | Add +2.1% |
| CIEN Ciena Corp. | 0.35% | 91,547 | $5.5M | Add +24.0% |
| GPK Graphic Packaging Holding Co. | 0.33% | 206,179 | $5.4M | Reduce -11.9% |
| BERY Berry Global Group Inc. | 0.33% | 75,927 | $5.3M | Reduce -2.1% |
| MSFT Microsoft Corp. | 0.31% | 13,000 | $4.9M | Add +2.5% |
| FANG Diamondback Energy Inc. | 0.30% | 30,225 | $4.8M | Reduce -4.0% |
| EDV Vanguard Extended Dur Treas | 0.25% | 55,206 | $3.9M | Add +7.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 6,580 | $3.5M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 0.21% | 4,071 | $3.4M | Add +4.7% |
| AMZN Amazon.com Inc. | 0.21% | 17,377 | $3.3M | Add +9.3% |
| ORCL Oracle Corp. | 0.19% | 21,308 | $3.0M | Add +6.0% |
| GOOG Alphabet Inc. Class C | 0.18% | 18,332 | $2.9M | Reduce -10.6% |
| KNX Knight-Swift Transportation | 0.17% | 62,715 | $2.7M | Add +0.7% |
| ADBE Adobe Inc. | 0.16% | 6,698 | $2.6M | Add +17.3% |
| MA Mastercard Inc. Class A | 0.16% | 4,682 | $2.6M | Add +9.4% |
| TCBI Texas Capital Bancshares Inc. | 0.15% | 32,375 | $2.4M | Add +33.5% |
| GBIL Goldman Sachs Access Treasur | 0.15% | 23,862 | $2.4M | Reduce -4.0% |
| ROP Roper Technologies Inc. | 0.15% | 4,024 | $2.4M | Add +10.8% |
| TRV The Travelers Cos Inc. | 0.15% | 8,831 | $2.3M | Add +0.9% |
| HOMB Home Bancshares Inc. | 0.14% | 81,687 | $2.3M | Add +30.3% |
| IWS iShares Russell Mid-Cap Valu | 0.14% | 18,185 | $2.3M | Add +12.7% |
| ABT Abbott Laboratories | 0.14% | 17,169 | $2.3M | Add +0.4% |
| FLR Fluor Corp. | 0.14% | 60,990 | $2.2M | No change |
| EXP Eagle Materials Inc. | 0.13% | 9,590 | $2.1M | Add +11.6% |
| VSS Vanguard Ftse All Wo X-US SC | 0.13% | 18,286 | $2.1M | Add +5.3% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.13% | 94,343 | $2.1M | Add +79.4% |
| KLAC KLA Corp. | 0.13% | 2,994 | $2.0M | Add +6.1% |
| ASO Academy Sports & Outdoors Inc. | 0.12% | 43,817 | $2.0M | Add +64.7% |
| THC Tenet Healthcare Corp. | 0.12% | 14,738 | $2.0M | New |
| META Meta Platforms Inc. Class A | 0.12% | 3,436 | $2.0M | Add +4.2% |
Portfolio Sells Q4 2024 → Q1 2025
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.38 |
| AMH American Homes 4 Rent- A | Reduce -71.3% | 0.12% | −0.32 |
| BOND PIMCO Active Bond Exchange-T | Reduce -0.4% | 9.39% | −0.25 |
| VIST Vista Energy Sab DE CV | Reduce -7.5% | 0.68% | −0.21 |
| PGR Progressive Corp. | Reduce -29.6% | 0.46% | −0.12 |
| CLH Clean Harbors Inc. | Reduce -0.1% | 0.48% | −0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.7% | 1.01% | −0.11 |
| USFR Wisdomtree Floating Rate Tre | Reduce -6.7% | 0.78% | −0.09 |
| GPK Graphic Packaging Holding Co. | Reduce -11.9% | 0.33% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -10.6% | 0.18% | −0.08 |
| SNBRQ Sleep Number Corp. | Sold out | 0.00% | −0.07 |
| BC Brunswick Corp. | Sold out | 0.00% | −0.07 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.06 |
| AEM Agnico Eagle Mines Ltd. | Reduce -54.8% | 0.07% | −0.05 |
| GBX Greenbrier Companies Inc. | Reduce -16.2% | 0.09% | −0.04 |
| MAS Masco Corp. | Reduce -1.1% | 0.37% | −0.04 |
| NOW ServiceNow Inc. | Reduce -37.4% | 0.03% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -54.4% | 0.03% | −0.04 |
| FANG Diamondback Energy Inc. | Reduce -4.0% | 0.30% | −0.04 |
| FARO Faro Technologies Inc. | Sold out | 0.00% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -62.0% | 0.01% | −0.03 |
| MTW Manitowoc Company Inc. | Reduce -66.6% | 0.01% | −0.03 |
| CALM Cal-Maine Foods Inc. | Sold out | 0.00% | −0.03 |
| BELFB Bel Fuse Inc. Class B | Reduce -16.7% | 0.07% | −0.03 |
| NFLX Netflix Inc. | Reduce -29.9% | 0.06% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -14.5% | 0.08% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 0.08% | −0.03 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.03 |
| PLAB Photronics Inc. | Reduce -31.9% | 0.03% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.02 |
| CBRE CBRE Group Inc. Class A | Reduce -12.4% | 0.11% | −0.02 |
| DNL Wisdmtree GB Ex-US QL GR-Usd | Reduce -23.6% | 0.05% | −0.02 |
| DIS The Walt Disney Co. | Reduce -2.6% | 0.09% | −0.02 |
| SHOP Shopify Inc. Class A | Reduce -8.0% | 0.07% | −0.02 |
| PWR Quanta Services Inc. | Reduce -4.7% | 0.05% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -47.0% | 0.01% | −0.02 |
| SAP Sap SE-Sponsored ADR | Reduce -37.5% | 0.03% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -2.1% | 0.68% | −0.02 |
| RJF Raymond James Financial Inc. | Reduce -26.5% | 0.03% | −0.02 |
| CMI Cummins Inc. | Reduce -8.4% | 0.05% | −0.01 |
| SNEX Stonex Group Inc. | Sold out | 0.00% | −0.01 |
| KRNT Kornit Digital Ltd. | Sold out | 0.00% | −0.01 |
| INCY Incyte Corp. | Reduce -9.3% | 0.04% | −0.01 |
| GBIL Goldman Sachs Access Treasur | Reduce -4.0% | 0.15% | −0.01 |
| IFF Intl Flavors & Fragrances | Reduce -3.4% | 0.06% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 0.10% | −0.01 |
| UL Unilever PLC | Reduce -9.9% | 0.10% | −0.01 |
| WAB Wabtec Corp. | Reduce -6.7% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +36.3% | 2.48% | +0.58 |
| VEA Vanguard Ftse Developed ETF | Add +2.1% | 9.00% | +0.33 |
| BWX SS SPDR BB Intl Treasury BD | Add +49.5% | 0.47% | +0.15 |
| IAGG iShares Intl Aggregate Bond | Add +44.0% | 0.51% | +0.14 |
| T AT&T Inc. | Add +1.0% | 0.75% | +0.13 |
| THC Tenet Healthcare Corp. | New | 0.12% | +0.12 |
| KEX Kirby Corp. | Add +41.5% | 0.54% | +0.12 |
| ED Consolidated Edison Inc. | Add +9.1% | 0.51% | +0.11 |
| SGI Somnigroup International Inc. | Add +31.0% | 0.45% | +0.11 |
| AGG iShares Core U.S. Aggregate | Add +8.0% | 2.14% | +0.11 |
| MO Altria Group Inc. | Add +6.8% | 0.65% | +0.10 |
| ABBV Abbvie Inc. | Add +5.7% | 0.58% | +0.09 |
| VZ Verizon Communications Inc. | Add +6.8% | 0.68% | +0.09 |
| AZO AutoZone Inc. | Add +7.0% | 0.49% | +0.09 |
| EPD Enterprise Products Partners | Add +2.9% | 1.25% | +0.08 |
| GILD Gilead Sciences Inc. | Add +0.6% | 0.57% | +0.08 |
| MLPA Global X MLP ETF | Add +7.6% | 0.83% | +0.08 |
| KO The Coca-Cola Co. | Add +6.5% | 0.55% | +0.08 |
| AMLP Alerian MLP ETF | Add +7.0% | 0.85% | +0.08 |
| VICI Vici Properties Inc. | Add +9.7% | 0.53% | +0.08 |
| HAS Hasbro Inc. | Add +12.6% | 0.50% | +0.08 |
| BND Vanguard Total Bond Market | Add +5.3% | 2.63% | +0.07 |
| RPC Ridgepost Capital Inc. Class A | Add +238.6% | 0.11% | +0.07 |
| DUK Duke Energy Corp. | Add +7.5% | 0.50% | +0.07 |
| HMN Horace Mann Educators | New | 0.07% | +0.07 |
| NNN NNN REIT Inc. | Add +11.7% | 0.64% | +0.07 |
| MPLX MPLX LP | Add +3.0% | 0.71% | +0.06 |
| O Realty Income Corp. | Add +10.2% | 0.51% | +0.06 |
| PAYX Paychex Inc. | Add +6.7% | 0.50% | +0.05 |
| NATL NCR Atleos Corp. | New | 0.05% | +0.05 |
| CSWC Capital Southwest Corp. | Add +10.7% | 0.61% | +0.05 |
| KTB Kontoor Brands Inc. | Add +238.7% | 0.08% | +0.05 |
| HALO Halozyme Therapeutics Inc. | Add +26.7% | 0.12% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +3.2% | 2.90% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.5% | 0.65% | +0.04 |
| MSM MSC Industrial Direct Co. Class A | Add +11.7% | 0.39% | +0.04 |
| AON Aon PLC Class A | Add +97.0% | 0.07% | +0.04 |
| ENB Enbridge Inc. | Add +5.4% | 0.77% | +0.04 |
| HRB H&R Block Inc. | Add +9.7% | 0.45% | +0.04 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| AZZ Azz Inc. | New | 0.03% | +0.03 |
| FNV Franco-Nevada Corp. | Add +28.5% | 0.08% | +0.03 |
| PNFP Pinnacle Financial Partners | Add +20.9% | 0.44% | +0.03 |
| THG Hanover Insurance Group Inc./ | Add +67.9% | 0.07% | +0.03 |
| GPI Group 1 Automotive Inc. | Add +112.9% | 0.06% | +0.03 |
| HOMB Home Bancshares Inc. | Add +30.3% | 0.14% | +0.03 |
| TCBI Texas Capital Bancshares Inc. | Add +33.5% | 0.15% | +0.03 |
| ARCC Ares Capital Corp. | Add +7.5% | 0.65% | +0.03 |
| ASO Academy Sports & Outdoors Inc. | Add +64.7% | 0.12% | +0.02 |
| PEP Pepsico Inc. | Add +12.0% | 0.47% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| VIST Vista Energy Sab DE CV | put | Sold out | 130,000 | $7.0Mbefore exit |
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 |