Tenon Financial LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Tenon Financial LLC reported 48 stock positions worth $194.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 25.0% of the portfolio, followed by Vanguard Extended Market ETF (VXF, 19.0%) and Vanguard Total Intl Stock (VXUS, 13.1%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 14 and reduced 12. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +5%) and the biggest sale Vanguard Extended Market ETF (VXF, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- METUCHEN, NJ
- CIK
- 0002020781
- Portfolio Value
- $194.7M (Q3 2025)
- SEC Filing
- 0002020781-25-000002 ↗ filed Oct 15, 2025
Holdings Value
Holdings 48 stocks · $194.7M
| VOO Vanguard S&P 500 ETF | 25.00% | 79,551 | $48.7M | Add +5.1% |
| VXF Vanguard Extended Market ETF | 19.04% | 177,230 | $37.1M | Reduce -47.0% |
| VXUS Vanguard Total Intl Stock | 13.15% | 348,772 | $25.6M | Reduce -47.0% |
| BND Vanguard Total Bond Market | 12.15% | 318,211 | $23.7M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 6.89% | 223,790 | $13.4M | Reduce -0.6% |
| VTI VG Morningstar TS MKT ETF-US | 4.15% | 24,609 | $8.1M | Reduce -1.6% |
| BSCQ Invesco Bulletshares 2026 CB | 1.93% | 192,137 | $3.8M | Add +11.1% |
| ITOT iShares Core S&P Total U.S. | 1.69% | 22,540 | $3.3M | No change |
| BSCR Invesco Bulletshares 2027 CB | 1.54% | 151,722 | $3.0M | Add +10.2% |
| AAPL Apple Inc. | 1.52% | 11,673 | $3.0M | No change |
| BSCP Invesco Bulletshares 2025 CB | 1.36% | 127,808 | $2.6M | Add +1.5% |
| MSFT Microsoft Corp. | 0.99% | 3,736 | $1.9M | No change |
| LLY Eli Lilly & Co. | 0.91% | 2,327 | $1.8M | No change |
| TT Trane Technologies PLC | 0.73% | 3,355 | $1.4M | Reduce -13.0% |
| VGIT Vanguard Intermediate-Term T | 0.70% | 22,655 | $1.4M | Add +103.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.62% | 2,513 | $1.2M | Reduce -50.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.56% | 21,646 | $1.1M | No change |
| AMZN Amazon.com Inc. | 0.47% | 4,165 | $916K | Reduce -1.9% |
| TYL Tyler Technologies Inc. | 0.44% | 1,649 | $863K | No change |
| IVV iShares Core S&P 500 ETF | 0.43% | 1,246 | $834K | Reduce -0.5% |
| AVUV Avantis US Small Cap Value | 0.42% | 8,178 | $814K | Add +0.4% |
| XPO Xpo Inc. | 0.39% | 5,844 | $755K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 3,598 | $683K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.32% | 30,541 | $627K | Add +31.6% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 10,511 | $569K | Reduce -49.9% |
| BN Brookfield Corp. | 0.25% | 7,208 | $494K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 788 | $473K | Add +0.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 2,510 | $468K | Reduce -0.2% |
| SPGI S&P Global Inc. | 0.23% | 928 | $452K | No change |
| SCHD Schwab US DVD Equity ETF | 0.21% | 15,161 | $414K | Add +0.2% |
| IXUS iShares Core Intl Stock ETF | 0.21% | 4,925 | $407K | No change |
| IWM iShares Russell 2000 ETF | 0.20% | 1,614 | $391K | No change |
| XOM Exxon Mobil Corp. | 0.20% | 3,416 | $385K | Reduce -0.9% |
| HCA HCA Healthcare Inc. | 0.20% | 891 | $380K | No change |
| META Meta Platforms Inc. Class A | 0.19% | 493 | $367K | No change |
| IWB iShares Russell 1000 ETF | 0.18% | 966 | $353K | No change |
| DFAC Dimensional US Core Equity 2 | 0.17% | 8,666 | $334K | No change |
| QXO Qxo Inc. | 0.16% | 15,930 | $304K | No change |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.15% | 4,449 | $300K | Add +0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.15% | 1,340 | $289K | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.14% | 1,238 | $265K | New |
| VTIP Vanguard Short-Term Tips | 0.13% | 5,064 | $256K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 3,119 | $249K | Add +0.2% |
| NVDA Nvidia Corp. | 0.13% | 1,330 | $248K | New |
| BSV Vanguard Short-Term Bond ETF | 0.13% | 3,117 | $246K | Add +1.0% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 2,040 | $242K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 2,021 | $231K | Reduce -4.8% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.11% | 531 | $214K | New |
Portfolio Sells Q2 2025 → Q3 2025
| VXF Vanguard Extended Market ETF | Reduce -47.0% | 19.04% | −7.96 |
| VXUS Vanguard Total Intl Stock | Reduce -47.0% | 13.15% | −5.94 |
| CMF iShares California Muni Bond | Sold out | 0.00% | −0.32 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -50.0% | 0.62% | −0.28 |
| VWO Vanguard Ftse Emerging Marke | Reduce -49.9% | 0.29% | −0.15 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.20% | +0.02 |
| DIS The Walt Disney Co. | Reduce -4.8% | 0.12% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.2% | 0.24% | +0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -0.5% | 0.43% | +0.09 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 0.47% | +0.11 |
| TT Trane Technologies PLC | Reduce -13.0% | 0.73% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.6% | 4.15% | +0.79 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.6% | 6.89% | +1.22 |
Portfolio Buys Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Add +5.1% | 25.00% | +6.01 |
| BND Vanguard Total Bond Market | Add +3.2% | 12.15% | +2.12 |
| BSCQ Invesco Bulletshares 2026 CB | Add +11.1% | 1.93% | +0.44 |
| VGIT Vanguard Intermediate-Term T | Add +103.7% | 0.70% | +0.40 |
| BSCR Invesco Bulletshares 2027 CB | Add +10.2% | 1.54% | +0.34 |
| BSCP Invesco Bulletshares 2025 CB | Add +1.5% | 1.36% | +0.21 |
| GOOG Alphabet Inc. Class C | New | 0.14% | +0.14 |
| NVDA Nvidia Corp. | New | 0.13% | +0.13 |
| BSCS Invesco Bulletshares 2028 CB | Add +31.6% | 0.32% | +0.11 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.11% | +0.11 |
| AVUV Avantis US Small Cap Value | Add +0.4% | 0.42% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.24% | +0.05 |
| SCHD Schwab US DVD Equity ETF | Add +0.2% | 0.21% | +0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.0% | 0.15% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +0.1% | 0.15% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +1.0% | 0.13% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.2% | 0.13% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 61 | $310.9M | VOO, VXF, VXUS, BND, VEA |
| Q1 2026 | 54 | $254.6M | VOO, VXF, VXUS, BND, VEA |
| Q4 2025 | 49 | $237.2M | VOO, VXF, VXUS, BND, VEA |
| Q3 2025 | 48 | $194.7M | VOO, VXF, VXUS, BND, VEA |
| Q2 2025 | 46 | $226.4M | VXF, VXUS, VOO, BND, VEA |
| Q1 2025 | 46 | $161.6M | VOO, VXF, BND, VXUS, VEA |
| Q4 2024 | 46 | $154.4M | VOO, VXF, BND, VXUS, VEA |
| Q3 2024 | 44 | $151.0M | VOO, VXF, BND, VXUS, VEA |
| Q2 2024 | 41 | $128.2M | VOO, VXF, BND, VXUS, VEA |
| Q1 2024 | 38 | $118.5M | VOO, VXF, BND, VXUS, VEA |