TFB Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), TFB Advisors LLC reported 334 stock positions worth $381.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 5.2% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 4.1%) and Nvidia (NVDA, 3.1%). Compared with Q1 2025, it opened 26 new positions, sold out of 12, added to 148 and reduced 147. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +68%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001965201
- Portfolio Value
- $381.8M (Q2 2025)
- SEC Filing
- 0001830817-25-000004 ↗ filed Jul 30, 2025
Holdings Value
Holdings 334 stocks · $381.8M
| VOO Vanguard S&P 500 ETF | 5.20% | 34,930 | $19.8M | Add +2.3% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 4.13% | 43,069 | $15.8M | Reduce -1.6% |
| NVDA Nvidia Corp. | 3.12% | 75,328 | $11.9M | Reduce -3.2% |
| IVV iShares Core S&P 500 ETF | 2.87% | 17,626 | $10.9M | Add +68.0% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 2.83% | 82,292 | $10.8M | Reduce -2.6% |
| MSFT Microsoft Corp. | 1.97% | 15,134 | $7.5M | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.71% | 78,029 | $6.5M | Add +4.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.70% | 80,352 | $6.5M | Reduce -11.1% |
| AAPL Apple Inc. | 1.69% | 31,357 | $6.4M | Add +6.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.56% | 36,264 | $6.0M | Add +1.8% |
| VIG Vanguard Dividend Apprec ETF | 1.45% | 27,105 | $5.5M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.42% | 24,792 | $5.4M | Reduce -10.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.41% | 27,505 | $5.4M | Reduce -2.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.38% | 18,481 | $5.3M | Reduce -3.4% |
| MINT PIMCO Enhanced Short Maturit | 1.24% | 47,253 | $4.8M | Reduce -2.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.17% | 8,124 | $4.5M | Add +4.9% |
| SHY iShares 1-3 Year Treasury Bo | 1.04% | 47,967 | $4.0M | Add +139.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.01% | 12,748 | $3.9M | Reduce -2.7% |
| GOOGL Alphabet Inc. Class A | 0.97% | 20,926 | $3.7M | Add +0.8% |
| FBND Fidelity Total Bond ETF | 0.95% | 79,453 | $3.6M | Add +19.6% |
| IEMG iShares Core MSCI Emerging | 0.88% | 56,265 | $3.4M | Reduce -1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.86% | 13,819 | $3.3M | Add +12.3% |
| IWR iShares Russell Mid-Cap ETF | 0.85% | 35,208 | $3.2M | Add +1.3% |
| PG The Procter & Gamble Co. | 0.85% | 20,303 | $3.2M | Add +3.2% |
| META Meta Platforms Inc. Class A | 0.81% | 4,212 | $3.1M | Add +1.7% |
| IWM iShares Russell 2000 ETF | 0.80% | 14,223 | $3.1M | Add +3.1% |
| APO Apollo Global Management Inc. | 0.77% | 20,666 | $2.9M | Add +2.4% |
| AGG iShares Core U.S. Aggregate | 0.75% | 28,719 | $2.8M | Reduce -2.3% |
| VXF Vanguard Extended Market ETF | 0.69% | 13,693 | $2.6M | Add +11.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.67% | 5,299 | $2.6M | Reduce -2.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.66% | 9,096 | $2.5M | Reduce -5.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.64% | 26,783 | $2.5M | Reduce -58.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.64% | 5,557 | $2.4M | Reduce -3.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.64% | 13,727 | $2.4M | Reduce -1.6% |
| AVGO Broadcom Inc. | 0.63% | 8,681 | $2.4M | Add +11.2% |
| MTUM iShares MSCI USA Momentum Fa | 0.62% | 9,775 | $2.3M | Reduce -6.5% |
| AVUV Avantis US Small Cap Value | 0.58% | 24,187 | $2.2M | Reduce -16.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.56% | 40,338 | $2.1M | Reduce -1.9% |
| JNK SS SPDR BB High Yield Bond | 0.56% | 21,972 | $2.1M | Add +10.3% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.55% | 48,931 | $2.1M | Reduce -7.3% |
| IWS iShares Russell Mid-Cap Valu | 0.52% | 15,106 | $2.0M | Reduce -5.2% |
| IJH iShares Core S&P Midcap ETF | 0.51% | 31,619 | $2.0M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.50% | 6,562 | $1.9M | Add +2.8% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.47% | 56,380 | $1.8M | Reduce -31.6% |
| IDEV iShares Core MSCI Dev MKTS | 0.46% | 23,044 | $1.8M | Reduce -8.9% |
| VYM Vanguard High DVD Yield ETF | 0.45% | 13,025 | $1.7M | Add +10.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.45% | 14,520 | $1.7M | Reduce -2.1% |
| IWN iShares Russell 2000 Value E | 0.45% | 10,860 | $1.7M | Reduce -0.2% |
| TSLA Tesla Inc. | 0.44% | 5,234 | $1.7M | Add +22.7% |
| V Visa Inc. Class A | 0.44% | 4,682 | $1.7M | Reduce -2.9% |
| FTHY First Trust Hi YLD Opp 2027 | 0.43% | 110,636 | $1.6M | Reduce -0.0% |
| AVUS Avantis U.S. Equity ETF | 0.43% | 16,163 | $1.6M | Reduce -11.2% |
| GOVT iShares US Treasury Bond ETF | 0.43% | 70,820 | $1.6M | Add +2.3% |
| AVEM Avantis Emerging Markets Eq | 0.42% | 23,593 | $1.6M | Reduce -9.2% |
| WMT Walmart Inc. | 0.41% | 16,080 | $1.6M | Add +2.5% |
| T AT&T Inc. | 0.39% | 51,842 | $1.5M | Add +2.5% |
| FJAN FT Vest U.S. Equity Buffer E | 0.39% | 31,172 | $1.5M | Reduce -5.9% |
| VST Vistra Corp. | 0.38% | 7,524 | $1.5M | Reduce -8.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.38% | 2 | $1.5M | No change |
| JIRE JPMorgan Int Res Enh Eqty | 0.38% | 20,582 | $1.5M | Add +25.9% |
| BBUS JPMorgan Betabuilders US Equ | 0.38% | 12,852 | $1.4M | Reduce -9.8% |
| BX Blackstone Inc. | 0.38% | 9,615 | $1.4M | Add +8.3% |
| ACWV iShares MSCI Global Min Vol | 0.38% | 12,123 | $1.4M | Add +1.0% |
| ORCL Oracle Corp. | 0.38% | 6,551 | $1.4M | Add +6.9% |
| VFMF Vanguard US Multifactor ETF | 0.36% | 10,147 | $1.4M | Add +19.8% |
| USHY iShares Broad Usd High Yield | 0.36% | 36,271 | $1.4M | Add +8.9% |
| GOOG Alphabet Inc. Class C | 0.35% | 7,482 | $1.3M | Add +0.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.35% | 26,733 | $1.3M | Add +5.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.34% | 11,943 | $1.3M | Add +1.6% |
| LLY Eli Lilly & Co. | 0.34% | 1,671 | $1.3M | Reduce -4.9% |
| IDV iShares International Select | 0.34% | 37,113 | $1.3M | Reduce -6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.33% | 4,480 | $1.3M | Add +3.4% |
| RDVY First Trust Rising Dividend | 0.33% | 19,923 | $1.2M | Add +2.1% |
| TLH iShares 10-20 Year Treasury | 0.31% | 11,713 | $1.2M | Reduce -1.2% |
| UTHR United Therapeutics Corp. | 0.30% | 4,021 | $1.2M | Add +32.0% |
| HYDB iShares High Yield Systemati | 0.30% | 24,275 | $1.2M | Add +19.4% |
| AFL Aflac Inc. | 0.30% | 10,718 | $1.1M | Add +11.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.29% | 27,730 | $1.1M | Add +0.2% |
| VMBS Vanguard Mortgage-Backed Sec | 0.29% | 23,806 | $1.1M | Add +2.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.29% | 11,566 | $1.1M | Add +3.4% |
| USIG iShares Broad Usd Investment | 0.29% | 21,302 | $1.1M | Add +1.8% |
| HYI Western Asset High Yield Opp | 0.29% | 91,322 | $1.1M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.28% | 1,098 | $1.1M | Reduce -2.0% |
| MUB iShares National Muni Bond E | 0.28% | 10,382 | $1.1M | Reduce -11.1% |
| JGLO JPMorgan GLBL SLCT Eq ETF | 0.28% | 16,836 | $1.1M | Reduce -9.2% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.28% | 19,343 | $1.1M | New |
| ISRG Intuitive Surgical Inc. | 0.27% | 1,876 | $1.0M | Add +7.1% |
| VEEV Veeva Systems Inc. Class A | 0.27% | 3,523 | $1.0M | Reduce -1.8% |
| SPOT Spotify Technology SA | 0.26% | 1,305 | $1.0M | Reduce -19.0% |
| TIP iShares Tips Bond ETF | 0.26% | 9,034 | $994K | Reduce -5.2% |
| LMBS First Trust Low Duration Opp | 0.25% | 19,745 | $973K | Add +10.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,561 | $964K | Reduce -2.2% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 5,253 | $955K | Add +4.1% |
| AMGN Amgen Inc. | 0.25% | 3,382 | $944K | Reduce -10.1% |
| VZ Verizon Communications Inc. | 0.24% | 21,537 | $932K | Add +14.4% |
| KKR KKR & Co. Inc. | 0.23% | 6,707 | $892K | Add +5.1% |
| VCIT Vanguard Int-Term Corporate | 0.23% | 10,476 | $869K | Add +3.6% |
| SFM Sprouts Farmers Market Inc. | 0.23% | 5,264 | $867K | Reduce -2.9% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 15,198 | $866K | Add +0.0% |
| MA Mastercard Inc. Class A | 0.23% | 1,533 | $861K | Reduce -2.4% |
Portfolio Sells Q1 2025 → Q2 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -58.0% | 0.64% | −1.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -11.1% | 1.70% | −0.36 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.34 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -2.6% | 2.83% | −0.31 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.25 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -31.6% | 0.47% | −0.24 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.9% | 0.67% | −0.16 |
| MINT PIMCO Enhanced Short Maturit | Reduce -2.5% | 1.24% | −0.16 |
| AVUV Avantis US Small Cap Value | Reduce -16.6% | 0.58% | −0.15 |
| JEPI JPMorgan Equity Premium Inco | Reduce -68.9% | 0.06% | −0.15 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.3% | 1.41% | −0.11 |
| AVLV Avantis US Large Cap Value | Reduce -33.6% | 0.17% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -10.6% | 1.42% | −0.10 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -7.3% | 0.55% | −0.09 |
| CLOI Vaneck Clo ETF | Sold out | 0.00% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -2.3% | 0.75% | −0.09 |
| AMGN Amgen Inc. | Reduce -10.1% | 0.25% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.08 |
| FLBL Franklin Senior Loan ETF | Sold out | 0.00% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -4.9% | 0.34% | −0.08 |
| AVES Avantis Emerging Markets Val | Reduce -50.6% | 0.08% | −0.08 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.07 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.6% | 1.45% | −0.07 |
| MUB iShares National Muni Bond E | Reduce -11.1% | 0.28% | −0.07 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.6% | 0.64% | −0.06 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -1.9% | 0.56% | −0.06 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.06 |
| SSO Proshares Ultra S&P500 | Sold out | 0.00% | −0.06 |
| AVUS Avantis U.S. Equity ETF | Reduce -11.2% | 0.43% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -15.9% | 0.11% | −0.06 |
| IWS iShares Russell Mid-Cap Valu | Reduce -5.2% | 0.52% | −0.06 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -2.1% | 0.45% | −0.05 |
| V Visa Inc. Class A | Reduce -2.9% | 0.44% | −0.05 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Reduce -23.6% | 0.13% | −0.05 |
| TIP iShares Tips Bond ETF | Reduce -5.2% | 0.26% | −0.04 |
| FMAY FT Vest US Equity Buffer ETF | Reduce -18.0% | 0.18% | −0.04 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -8.9% | 0.46% | −0.04 |
| TLH iShares 10-20 Year Treasury | Reduce -1.2% | 0.31% | −0.04 |
| FDEC FT Vest U.S. Equity Buffer E | Reduce -14.9% | 0.20% | −0.04 |
| CVX Chevron Corp. | Reduce -8.3% | 0.10% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -16.6% | 0.10% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -29.7% | 0.13% | −0.04 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -5.4% | 0.66% | −0.04 |
| BBUS JPMorgan Betabuilders US Equ | Reduce -9.8% | 0.38% | −0.04 |
| ABBV Abbvie Inc. | Reduce -10.7% | 0.09% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -5.7% | 0.07% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +68.0% | 2.87% | +1.17 |
| SHY iShares 1-3 Year Treasury Bo | Add +139.8% | 1.04% | +0.56 |
| MSFT Microsoft Corp. | Add +0.3% | 1.97% | +0.34 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.28% | +0.28 |
| AVGO Broadcom Inc. | Add +11.2% | 0.63% | +0.25 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 5.20% | +0.14 |
| SNOW Snowflake Inc. | New | 0.14% | +0.14 |
| ORCL Oracle Corp. | Add +6.9% | 0.38% | +0.13 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.9% | 1.17% | +0.13 |
| META Meta Platforms Inc. Class A | Add +1.7% | 0.81% | +0.13 |
| FLHY Franklin High Yield Corporat | New | 0.13% | +0.13 |
| UAL United Airlines Holdings Inc. | New | 0.12% | +0.12 |
| TSLA Tesla Inc. | Add +22.7% | 0.44% | +0.12 |
| SHOP Shopify Inc. Class A | Add +96.5% | 0.21% | +0.11 |
| TOST Toast Inc. Class A | New | 0.10% | +0.10 |
| BA The Boeing Co. | New | 0.09% | +0.09 |
| VXF Vanguard Extended Market ETF | Add +11.7% | 0.69% | +0.08 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.08% | +0.08 |
| JIRE JPMorgan Int Res Enh Eqty | Add +25.9% | 0.38% | +0.08 |
| FBND Fidelity Total Bond ETF | Add +19.6% | 0.95% | +0.08 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.4% | 1.71% | +0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +12.3% | 0.86% | +0.07 |
| RDVI FT Vest Rising Dividend Achi | New | 0.07% | +0.07 |
| CB Chubb Ltd. | New | 0.07% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.07% | +0.07 |
| BKNG Booking Holdings Inc. | New | 0.07% | +0.07 |
| ARM Arm Holdings PLC-ADR | Add +31.9% | 0.14% | +0.06 |
| YMAR FT VT Int Equ M B- Mar-US I | New | 0.06% | +0.06 |
| VIS Vanguard Industrials ETF | New | 0.06% | +0.06 |
| IEF iShares 7-10 Year Treasury B | Add +92.4% | 0.14% | +0.06 |
| PWR Quanta Services Inc. | New | 0.06% | +0.06 |
| VICI Vici Properties Inc. | New | 0.06% | +0.06 |
| FDN First Trust DJ Internet Ind | New | 0.06% | +0.06 |
| RTX RTX Corp. | New | 0.06% | +0.06 |
| XLV SS Health Care Select Sector | New | 0.06% | +0.06 |
| GRID First TRST Nasd Class Edg Sgiif | New | 0.06% | +0.06 |
| UNP Union Pacific Corp. | New | 0.06% | +0.06 |
| NBDS Neuberger Disrupters ETF | Add +18.1% | 0.20% | +0.06 |
| EEM iShares MSCI Emerging Market | New | 0.05% | +0.05 |
| IYF iShares US Financials ETF | New | 0.05% | +0.05 |
| NFLX Netflix Inc. | Add +6.1% | 0.20% | +0.05 |
| CGMS Cap Group US Multi-Sect Bond | New | 0.05% | +0.05 |
| XLC SS Comm Select Sector SPDR | New | 0.05% | +0.05 |
| NTRL First Trust Equity Market Ne | New | 0.05% | +0.05 |
| MADE iShares US Manufacturing | New | 0.05% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +22.3% | 0.20% | +0.05 |
| VFMF Vanguard US Multifactor ETF | Add +19.8% | 0.36% | +0.05 |
| FOXA Fox Corp. Class A | Add +69.7% | 0.14% | +0.05 |
| AMD Advanced Micro Devices | Add +3.0% | 0.21% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +2.8% | 0.50% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 190 | $227.0M | VOO, MGK, IVV, MGV, FBND |
| Q1 2026 | 180 | $191.0M | VOO, MGK, IVV, FBND, MGV |
| Q4 2025 | 307 | $358.0M | VOO, MGK, IVV, NVDA, MGV |
| Q3 2025 | 308 | $343.4M | VOO, MGK, NVDA, MGV, IVV |
| Q2 2025 | 334 | $381.8M | VOO, MGK, NVDA, IVV, MGV |
| Q1 2025 | 320 | $347.1M | VOO, MGK, MGV, NVDA, HYG |
| Q4 2024 | 320 | $349.7M | VOO, MGK, MGV, NVDA, IVV |
| Q3 2024 | 312 | $336.1M | VOO, MGK, MGV, IVV, NVDA |
| Q2 2024 | 289 | $307.0M | VOO, MGK, MGV, NVDA, MSFT |
| Q1 2024 | 263 | $275.7M | VOO, MGK, MGV, IVV, MSFT |