Tectonic Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Tectonic Advisors LLC reported 330 stock positions worth $1.8 billion. Its top holding was PIMCO Active Bond Exchange-T (BOND) at 8.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.8%) and SS Doubleline TR Tact ETF (TOTL, 5.3%). Compared with Q2 2025, it opened 42 new positions, sold out of 30, added to 148 and reduced 121. The biggest buy was a new position in GQG US Equity ETF (GQGU) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- FRISCO, TX
- CIK
- 0001859918
- Portfolio Value
- $1.8B (Q3 2025)
- SEC Filing
- 0001859918-25-000003 ↗ filed Oct 21, 2025
Holdings Value
Holdings 330 stocks · $1.8B
| BOND PIMCO Active Bond Exchange-T | 8.03% | 1,574,069 | $146.9M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 6.84% | 204,459 | $125.2M | Add +3.6% |
| TOTL SS Doubleline TR Tact ETF | 5.35% | 2,414,132 | $97.9M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 4.62% | 126,289 | $84.5M | Add +3.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.05% | 946,683 | $74.2M | Add +274.2% |
| GQGU GQG US Equity ETF | 3.79% | 2,748,025 | $69.4M | New |
| BND Vanguard Total Bond Market | 2.39% | 587,724 | $43.7M | Add +1.8% |
| VEA Vanguard Ftse Developed ETF | 2.34% | 713,768 | $42.8M | Reduce -74.9% |
| TLCI Touchstone Intl Eqty ETF | 2.20% | 1,519,692 | $40.2M | New |
| AGG iShares Core U.S. Aggregate | 1.93% | 353,100 | $35.4M | Add +0.7% |
| PCLG Polen Focus Growth ETF | 1.87% | 1,368,164 | $34.2M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.70% | 339,221 | $31.1M | Reduce -13.8% |
| FLXR TCW Flexible Income ETF | 1.28% | 588,747 | $23.4M | Add +4.2% |
| ABEQ Absolute Select Value ETF | 1.26% | 638,763 | $23.0M | Reduce -2.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.25% | 77,935 | $22.9M | Add +3.6% |
| EPD Enterprise Products Partners | 1.16% | 678,769 | $21.2M | Add +10.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.03% | 74,494 | $18.9M | Add +4.4% |
| VNQ Vanguard Real Estate ETF | 0.92% | 184,089 | $16.8M | Add +3.3% |
| ENB Enbridge Inc. | 0.86% | 312,804 | $15.8M | Add +5.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.83% | 148,375 | $15.1M | Add +15.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.82% | 53,289 | $15.0M | Add +7.5% |
| AMLP Alerian MLP ETF | 0.77% | 298,985 | $14.0M | Add +5.2% |
| MLPA Global X MLP ETF | 0.76% | 286,664 | $13.9M | Add +5.3% |
| OKE Oneok Inc. | 0.75% | 188,842 | $13.8M | Add +41.1% |
| VWO Vanguard Ftse Emerging Marke | 0.73% | 246,827 | $13.4M | Reduce -76.4% |
| T AT&T Inc. | 0.73% | 473,095 | $13.4M | Add +6.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.73% | 152,236 | $13.3M | Add +3.5% |
| MO Altria Group Inc. | 0.72% | 198,380 | $13.1M | Add +5.3% |
| CSCO Cisco Systems Inc. | 0.71% | 191,102 | $13.1M | Add +3.4% |
| NNN NNN REIT Inc. | 0.71% | 307,042 | $13.1M | Add +12.4% |
| HTGC Hercules Capital Inc. | 0.71% | 689,511 | $13.0M | Add +10.9% |
| CRH CRH PLC | 0.71% | 107,793 | $12.9M | Add +13.0% |
| IAGG iShares Intl Aggregate Bond | 0.70% | 250,308 | $12.8M | Add +20.7% |
| CWEN.A Clearway Energy Inc. Class A | 0.70% | 475,699 | $12.8M | New |
| TSLX Sixth Street Specialty Lendi | 0.70% | 558,938 | $12.8M | New |
| USFR Wisdomtree Floating Rate Tre | 0.70% | 253,376 | $12.7M | Reduce -10.5% |
| VZ Verizon Communications Inc. | 0.68% | 284,781 | $12.5M | Add +10.4% |
| BWX SS SPDR BB Intl Treasury BD | 0.68% | 541,925 | $12.5M | Add +22.4% |
| ABBV Abbvie Inc. | 0.68% | 53,388 | $12.4M | Add +6.6% |
| ARCC Ares Capital Corp. | 0.67% | 598,042 | $12.2M | Add +11.8% |
| MPLX MPLX LP | 0.66% | 241,725 | $12.1M | Add +7.5% |
| OBDC Blue Owl Capital Corp. | 0.64% | 924,029 | $11.8M | Add +20.5% |
| AVGO Broadcom Inc. | 0.64% | 35,461 | $11.7M | Reduce -33.3% |
| ET Energy Transfer LP | 0.63% | 671,069 | $11.5M | Add +9.9% |
| USRT iShares Core US REIT ETF | 0.63% | 195,306 | $11.5M | No change |
| HAS Hasbro Inc. | 0.61% | 148,070 | $11.2M | Add +3.1% |
| WPC WP Carey Inc. | 0.60% | 163,031 | $11.0M | New |
| O Realty Income Corp. | 0.60% | 181,194 | $11.0M | Add +12.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.58% | 323,718 | $10.6M | Add +10.9% |
| MRK Merck & Co. Inc. | 0.57% | 124,950 | $10.5M | Add +22.9% |
| CLH Clean Harbors Inc. | 0.57% | 44,991 | $10.4M | Add +7.3% |
| GILD Gilead Sciences Inc. | 0.57% | 93,682 | $10.4M | Add +6.1% |
| SGI Somnigroup International Inc. | 0.56% | 122,559 | $10.3M | Add +1.7% |
| IJH iShares Core S&P Midcap ETF | 0.55% | 154,367 | $10.1M | Add +3.9% |
| LKQ LKQ Corp. | 0.53% | 320,687 | $9.8M | Add +32.1% |
| DUK Duke Energy Corp. | 0.53% | 79,069 | $9.8M | Add +8.4% |
| ED Consolidated Edison Inc. | 0.52% | 95,345 | $9.6M | Add +19.4% |
| AZO AutoZone Inc. | 0.52% | 2,232 | $9.6M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 0.52% | 80,421 | $9.6M | Add +4.0% |
| MSM MSC Industrial Direct Co. Class A | 0.51% | 100,967 | $9.3M | Add +9.3% |
| PG The Procter & Gamble Co. | 0.51% | 60,361 | $9.3M | Add +7.7% |
| PEP Pepsico Inc. | 0.50% | 65,153 | $9.2M | Add +9.0% |
| KO The Coca-Cola Co. | 0.50% | 136,942 | $9.1M | Add +2.9% |
| KEX Kirby Corp. | 0.49% | 107,933 | $9.0M | Add +6.3% |
| PFE Pfizer Inc. | 0.48% | 348,424 | $8.9M | Add +16.6% |
| PAYX Paychex Inc. | 0.47% | 67,903 | $8.6M | Add +18.1% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.47% | 169,753 | $8.6M | Add +17.9% |
| CIEN Ciena Corp. | 0.42% | 52,514 | $7.6M | Reduce -49.2% |
| HQY Healthequity Inc. | 0.40% | 76,931 | $7.3M | Add +122.7% |
| PNFP Pinnacle Financial Partners | 0.34% | 66,818 | $6.3M | Add +0.2% |
| MAS Masco Corp. | 0.33% | 85,665 | $6.0M | Reduce -1.7% |
| WES Western Midstream Partners L | 0.31% | 146,457 | $5.8M | Add +2.8% |
| AAPL Apple Inc. | 0.29% | 21,083 | $5.4M | Reduce -17.7% |
| MSFT Microsoft Corp. | 0.28% | 10,072 | $5.2M | Reduce -16.1% |
| EDV Vanguard Extended Dur Treas | 0.25% | 66,347 | $4.5M | Add +10.5% |
| AMCR Amcor PLC | 0.25% | 550,128 | $4.5M | Reduce -1.4% |
| PGR Progressive Corp. | 0.24% | 17,912 | $4.4M | Reduce -0.7% |
| FANG Diamondback Energy Inc. | 0.24% | 30,900 | $4.4M | Reduce -2.2% |
| BC Brunswick Corp. | 0.21% | 61,607 | $3.9M | Add +96.2% |
| RBA RB Global Inc. | 0.20% | 33,581 | $3.6M | Reduce -33.2% |
| AMH American Homes 4 Rent- A | 0.16% | 88,306 | $2.9M | Add +69.9% |
| IIIV I3 Verticals Inc. Class A | 0.16% | 88,819 | $2.9M | New |
| IWS iShares Russell Mid-Cap Valu | 0.16% | 20,345 | $2.8M | Reduce -1.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.15% | 19,690 | $2.8M | Add +5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 5,548 | $2.8M | Reduce -6.0% |
| NGG National Grid PLC-SP ADR | 0.14% | 36,321 | $2.6M | New |
| KNX Knight-Swift Transportation | 0.14% | 65,525 | $2.6M | Add +1.3% |
| FLR Fluor Corp. | 0.14% | 60,990 | $2.6M | No change |
| ORCL Oracle Corp. | 0.14% | 9,034 | $2.5M | Reduce -56.4% |
| KLAC KLA Corp. | 0.14% | 2,325 | $2.5M | Reduce -16.1% |
| LLY Eli Lilly & Co. | 0.13% | 3,188 | $2.4M | Reduce -22.1% |
| AMAT Applied Materials Inc. | 0.13% | 11,663 | $2.4M | Reduce -13.0% |
| META Meta Platforms Inc. Class A | 0.13% | 3,157 | $2.3M | Reduce -1.0% |
| TRV The Travelers Cos Inc. | 0.13% | 8,267 | $2.3M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.13% | 9,467 | $2.3M | Reduce -3.1% |
| ASO Academy Sports & Outdoors Inc. | 0.12% | 45,288 | $2.3M | Add +0.6% |
| HPQ HP Inc. | 0.12% | 82,933 | $2.3M | Add +15.7% |
| GBIL Goldman Sachs Access Treasur | 0.12% | 22,113 | $2.2M | Reduce -3.0% |
| SHEL Shell PLC-ADR | 0.12% | 30,057 | $2.1M | New |
| EXP Eagle Materials Inc. | 0.12% | 9,220 | $2.1M | Reduce -4.5% |
Portfolio Sells Q2 2025 → Q3 2025
| VEA Vanguard Ftse Developed ETF | Reduce -74.9% | 2.34% | −7.10 |
| VWO Vanguard Ftse Emerging Marke | Reduce -76.4% | 0.73% | −2.27 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.74 |
| CSWC Capital Southwest Corp. | Sold out | 0.00% | −0.67 |
| VIST Vista Energy Sab DE CV | Reduce -93.4% | 0.03% | −0.60 |
| BOND PIMCO Active Bond Exchange-T | Reduce -1.4% | 8.03% | −0.53 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.50 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -13.8% | 1.70% | −0.40 |
| TOTL SS Doubleline TR Tact ETF | Reduce -0.4% | 5.35% | −0.30 |
| GPK Graphic Packaging Holding Co. | Sold out | 0.00% | −0.26 |
| AVGO Broadcom Inc. | Reduce -33.3% | 0.64% | −0.21 |
| HOMB Home Bancshares Inc. | Sold out | 0.00% | −0.13 |
| USFR Wisdomtree Floating Rate Tre | Reduce -10.5% | 0.70% | −0.13 |
| ORCL Oracle Corp. | Reduce -56.4% | 0.14% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -68.8% | 0.05% | −0.12 |
| RBA RB Global Inc. | Reduce -33.2% | 0.20% | −0.11 |
| ABT Abbott Laboratories | Reduce -69.8% | 0.04% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -58.5% | 0.10% | −0.09 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.08 |
| CIEN Ciena Corp. | Reduce -49.2% | 0.42% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -45.2% | 0.07% | −0.07 |
| SBUX Starbucks Corp. | Reduce -68.0% | 0.02% | −0.06 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.06 |
| MSFT Microsoft Corp. | Reduce -16.1% | 0.28% | −0.06 |
| SHOP Shopify Inc. Class A | Reduce -77.3% | 0.02% | −0.06 |
| GPOR Gulfport Energy Corp. | Reduce -28.4% | 0.09% | −0.06 |
| ADBE Adobe Inc. | Reduce -22.8% | 0.11% | −0.05 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -22.1% | 0.13% | −0.05 |
| AMCR Amcor PLC | Reduce -1.4% | 0.25% | −0.05 |
| MRTN Marten Transport Ltd. | Sold out | 0.00% | −0.05 |
| NFLX Netflix Inc. | Reduce -53.1% | 0.03% | −0.05 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.05 |
| BELFB Bel Fuse Inc. Class B | Sold out | 0.00% | −0.05 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −0.05 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.05 |
| AON Aon PLC Class A | Reduce -73.5% | 0.02% | −0.05 |
| ABEQ Absolute Select Value ETF | Reduce -2.2% | 1.26% | −0.04 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Reduce -61.8% | 0.02% | −0.04 |
| PGR Progressive Corp. | Reduce -0.7% | 0.24% | −0.04 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.04 |
| TCBI Texas Capital Bancshares Inc. | Reduce -23.3% | 0.12% | −0.04 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.03 |
| CE Celanese Corp. | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -46.2% | 0.05% | −0.03 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.03 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.03 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.03 |
| MCD McDonald's Corp. | Reduce -44.5% | 0.03% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| GQGU GQG US Equity ETF | New | 3.79% | +3.79 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +274.2% | 4.05% | +2.98 |
| TLCI Touchstone Intl Eqty ETF | New | 2.20% | +2.20 |
| PCLG Polen Focus Growth ETF | New | 1.87% | +1.87 |
| CWEN.A Clearway Energy Inc. Class A | New | 0.70% | +0.70 |
| TSLX Sixth Street Specialty Lendi | New | 0.70% | +0.70 |
| WPC WP Carey Inc. | New | 0.60% | +0.60 |
| VOO Vanguard S&P 500 ETF | Add +3.6% | 6.84% | +0.32 |
| IVV iShares Core S&P 500 ETF | Add +3.4% | 4.62% | +0.21 |
| CRH CRH PLC | Add +13.0% | 0.71% | +0.20 |
| HQY Healthequity Inc. | Add +122.7% | 0.40% | +0.19 |
| IIIV I3 Verticals Inc. Class A | New | 0.16% | +0.16 |
| NGG National Grid PLC-SP ADR | New | 0.14% | +0.14 |
| ABBV Abbvie Inc. | Add +6.6% | 0.68% | +0.13 |
| OKE Oneok Inc. | Add +41.1% | 0.75% | +0.12 |
| SHEL Shell PLC-ADR | New | 0.12% | +0.12 |
| BC Brunswick Corp. | Add +96.2% | 0.21% | +0.11 |
| MRK Merck & Co. Inc. | Add +22.9% | 0.57% | +0.10 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.10% | +0.10 |
| SGI Somnigroup International Inc. | Add +1.7% | 0.56% | +0.09 |
| IAGG iShares Intl Aggregate Bond | Add +20.7% | 0.70% | +0.08 |
| POWL Powell Industries Inc. | New | 0.08% | +0.08 |
| ENB Enbridge Inc. | Add +5.4% | 0.86% | +0.08 |
| TECK Teck Resources Ltd.-CLS B | New | 0.08% | +0.08 |
| BWX SS SPDR BB Intl Treasury BD | Add +22.4% | 0.68% | +0.08 |
| MO Altria Group Inc. | Add +5.3% | 0.72% | +0.07 |
| ALKT Alkami Technology Inc. | New | 0.07% | +0.07 |
| PFE Pfizer Inc. | Add +16.6% | 0.48% | +0.06 |
| O Realty Income Corp. | Add +12.6% | 0.60% | +0.06 |
| IRM Iron Mountain Inc. | Add +15.6% | 0.83% | +0.06 |
| ED Consolidated Edison Inc. | Add +19.4% | 0.52% | +0.06 |
| SNN Smith & Nephew PLC -Spon ADR | New | 0.06% | +0.06 |
| CCJ Cameco Corp. | New | 0.05% | +0.05 |
| MSM MSC Industrial Direct Co. Class A | Add +9.3% | 0.51% | +0.05 |
| HTGC Hercules Capital Inc. | Add +10.9% | 0.71% | +0.05 |
| AMH American Homes 4 Rent- A | Add +69.9% | 0.16% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.4% | 1.03% | +0.05 |
| NVDA Nvidia Corp. | Add +360.6% | 0.06% | +0.05 |
| EPD Enterprise Products Partners | Add +10.0% | 1.16% | +0.05 |
| AZO AutoZone Inc. | Add +0.8% | 0.52% | +0.04 |
| DIOD Diodes Inc. | New | 0.04% | +0.04 |
| OZK Bank Ozk | New | 0.04% | +0.04 |
| PEP Pepsico Inc. | Add +9.0% | 0.50% | +0.04 |
| SSNC Ss&c Technologies Holdings | Add +97.7% | 0.07% | +0.04 |
| VOXR Vox Royalty Corp. | New | 0.04% | +0.04 |
| ICSH iShares Ultra Short Duration | New | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | Add +10.4% | 0.68% | +0.03 |
| RHP Ryman Hospitality Properties | New | 0.03% | +0.03 |
| DUK Duke Energy Corp. | Add +8.4% | 0.53% | +0.03 |
| TMHC Taylor Morrison Home Corp. | Add +42.4% | 0.11% | +0.03 |
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 |