TFB Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), TFB Advisors LLC reported 308 stock positions worth $343.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 5.3% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 4.2%) and Nvidia (NVDA, 2.9%). Compared with Q2 2025, it opened 28 new positions, sold out of 54, added to 67 and reduced 201. The biggest buy was a new position in Proshares Ultra S&P500 (SSO) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001965201
- Portfolio Value
- $343.4M (Q3 2025)
- SEC Filing
- 0001965201-25-000004 ↗ filed Nov 4, 2025
Holdings Value
Holdings 308 stocks · $343.4M
| VOO Vanguard S&P 500 ETF | 5.35% | 30,183 | $18.4M | Reduce -13.6% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 4.20% | 36,102 | $14.4M | Reduce -16.2% |
| NVDA Nvidia Corp. | 2.92% | 55,657 | $10.0M | Reduce -26.1% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 2.59% | 64,710 | $8.9M | Reduce -21.4% |
| IVV iShares Core S&P 500 ETF | 2.52% | 13,004 | $8.7M | Reduce -26.2% |
| IEFA iShares Core MSCI Eafe ETF | 2.12% | 83,525 | $7.3M | Add +7.0% |
| VIG Vanguard Dividend Apprec ETF | 1.74% | 27,658 | $6.0M | Add +2.0% |
| SSO Proshares Ultra S&P500 | 1.70% | 52,807 | $5.8M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.64% | 69,782 | $5.6M | Reduce -13.2% |
| FBND Fidelity Total Bond ETF | 1.63% | 120,477 | $5.6M | Add +51.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.58% | 9,086 | $5.4M | Add +11.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.57% | 31,192 | $5.4M | Reduce -14.0% |
| AAPL Apple Inc. | 1.46% | 20,195 | $5.0M | Reduce -35.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.37% | 22,699 | $4.7M | Reduce -17.5% |
| MSFT Microsoft Corp. | 1.24% | 8,270 | $4.2M | Reduce -45.4% |
| MINT PIMCO Enhanced Short Maturit | 1.19% | 40,760 | $4.1M | Reduce -13.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.19% | 15,988 | $4.1M | Add +15.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.19% | 12,479 | $4.1M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 1.14% | 18,021 | $3.9M | Reduce -27.3% |
| IWM iShares Russell 2000 ETF | 1.12% | 15,481 | $3.8M | Add +8.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.09% | 12,770 | $3.7M | Reduce -30.9% |
| IWR iShares Russell Mid-Cap ETF | 1.02% | 36,600 | $3.5M | Add +4.0% |
| AGG iShares Core U.S. Aggregate | 0.97% | 33,035 | $3.3M | Add +15.0% |
| GOOGL Alphabet Inc. Class A | 0.92% | 12,906 | $3.2M | Reduce -38.3% |
| IEMG iShares Core MSCI Emerging | 0.90% | 46,986 | $3.1M | Reduce -16.5% |
| VYM Vanguard High DVD Yield ETF | 0.75% | 18,237 | $2.6M | Add +40.0% |
| APO Apollo Global Management Inc. | 0.74% | 19,899 | $2.5M | Reduce -3.7% |
| IJH iShares Core S&P Midcap ETF | 0.70% | 36,901 | $2.4M | Add +16.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 4,782 | $2.4M | Reduce -9.8% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.67% | 7,633 | $2.3M | Reduce -16.1% |
| AVUV Avantis US Small Cap Value | 0.67% | 23,228 | $2.3M | Reduce -4.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.65% | 4,710 | $2.2M | Reduce -15.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.64% | 11,863 | $2.2M | Reduce -13.6% |
| VXF Vanguard Extended Market ETF | 0.62% | 9,994 | $2.1M | Reduce -27.0% |
| META Meta Platforms Inc. Class A | 0.60% | 2,904 | $2.1M | Reduce -31.1% |
| IWN iShares Russell 2000 Value E | 0.57% | 10,961 | $2.0M | Add +0.9% |
| VFMF Vanguard US Multifactor ETF | 0.56% | 13,445 | $1.9M | Add +32.5% |
| JNK SS SPDR BB High Yield Bond | 0.54% | 19,061 | $1.8M | Reduce -13.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.54% | 34,079 | $1.8M | Reduce -15.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.52% | 54,139 | $1.8M | Reduce -4.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.52% | 41,920 | $1.8M | Reduce -14.3% |
| HYDB iShares High Yield Systemati | 0.51% | 37,354 | $1.8M | Add +53.9% |
| AVEM Avantis Emerging Markets Eq | 0.51% | 23,706 | $1.8M | Add +0.5% |
| IWS iShares Russell Mid-Cap Valu | 0.51% | 12,615 | $1.7M | Reduce -16.5% |
| GOOG Alphabet Inc. Class C | 0.51% | 7,050 | $1.7M | Reduce -5.8% |
| AVGO Broadcom Inc. | 0.50% | 5,030 | $1.7M | Reduce -42.1% |
| AVUS Avantis U.S. Equity ETF | 0.49% | 15,707 | $1.7M | Reduce -2.8% |
| ORCL Oracle Corp. | 0.49% | 5,608 | $1.7M | Reduce -14.4% |
| IDV iShares International Select | 0.47% | 44,307 | $1.6M | Add +19.4% |
| GOVT iShares US Treasury Bond ETF | 0.47% | 69,395 | $1.6M | Reduce -2.0% |
| IEI iShares 3-7 Year Treasury Bo | 0.47% | 13,312 | $1.6M | Reduce -8.3% |
| FTHY First Trust Hi YLD Opp 2027 | 0.46% | 112,682 | $1.6M | Add +1.9% |
| ACWV iShares MSCI Global Min Vol | 0.46% | 13,120 | $1.6M | Add +8.2% |
| BX Blackstone Inc. | 0.46% | 9,545 | $1.6M | Reduce -0.7% |
| MTUM iShares MSCI USA Momentum Fa | 0.45% | 6,118 | $1.6M | Reduce -37.4% |
| FJAN FT Vest U.S. Equity Buffer E | 0.44% | 30,106 | $1.5M | Reduce -3.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.43% | 2 | $1.5M | No change |
| USIG iShares Broad Usd Investment | 0.39% | 25,238 | $1.3M | Add +18.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.38% | 30,389 | $1.3M | Add +9.6% |
| RDVY First Trust Rising Dividend | 0.37% | 19,096 | $1.3M | Reduce -4.2% |
| UTHR United Therapeutics Corp. | 0.36% | 2,883 | $1.3M | Reduce -28.3% |
| VST Vistra Corp. | 0.36% | 5,962 | $1.2M | Reduce -20.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.34% | 11,195 | $1.2M | Reduce -3.2% |
| HOOD Robinhood Markets Inc. Class A | 0.34% | 8,561 | $1.2M | Add +13.3% |
| FTHI Fthi/First Trust Exchange-TR | 0.34% | 48,773 | $1.2M | Add +36.3% |
| BBUS JPMorgan Betabuilders US Equ | 0.34% | 9,604 | $1.2M | Reduce -25.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.34% | 3,950 | $1.2M | Reduce -11.8% |
| V Visa Inc. Class A | 0.34% | 3,303 | $1.2M | Reduce -29.4% |
| JPM JPMorgan Chase & Co. | 0.33% | 3,747 | $1.1M | Reduce -42.9% |
| TLT iShares 20+ Year Treasury BD | 0.33% | 12,312 | $1.1M | New |
| T AT&T Inc. | 0.32% | 42,508 | $1.1M | Reduce -18.0% |
| VFMO Vanguard US Momentum Factor | 0.32% | 5,611 | $1.1M | Add +14.1% |
| SYF Synchrony Financial | 0.32% | 15,004 | $1.1M | Add +30.5% |
| TLH iShares 10-20 Year Treasury | 0.32% | 10,460 | $1.1M | Reduce -10.7% |
| AMD Advanced Micro Devices | 0.31% | 4,931 | $1.1M | Reduce -13.0% |
| HYI Western Asset High Yield Opp | 0.31% | 91,322 | $1.0M | No change |
| SHOP Shopify Inc. Class A | 0.31% | 6,857 | $1.0M | Reduce -0.9% |
| RSP Invesco S&P 500 Equal Weight | 0.30% | 5,514 | $1.0M | Add +5.0% |
| VMBS Vanguard Mortgage-Backed Sec | 0.30% | 21,607 | $1.0M | Reduce -9.2% |
| FOXA Fox Corp. Class A | 0.30% | 17,467 | $1.0M | Add +84.5% |
| TIP iShares Tips Bond ETF | 0.30% | 9,089 | $1.0M | Add +0.6% |
| TSLA Tesla Inc. | 0.29% | 2,341 | $1.0M | Reduce -55.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.29% | 8,938 | $1.0M | Reduce -25.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.29% | 19,969 | $993K | Reduce -25.3% |
| VEEV Veeva Systems Inc. Class A | 0.29% | 3,433 | $988K | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 1,464 | $969K | Reduce -6.2% |
| MUB iShares National Muni Bond E | 0.28% | 9,013 | $964K | Reduce -13.2% |
| JIRE JPMorgan Int Res Enh Eqty | 0.27% | 12,625 | $931K | Reduce -38.7% |
| PG The Procter & Gamble Co. | 0.27% | 6,156 | $918K | Reduce -69.7% |
| SCHG Schwab US Large-Cap Growth | 0.26% | 27,739 | $881K | Add +8.0% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 14,617 | $877K | Reduce -3.8% |
| FJUN FT Vest US Equity Buff ETF-J | 0.25% | 15,495 | $864K | Reduce -0.6% |
| FSEP FT Vest U.S. Equity Buffer E | 0.25% | 17,047 | $857K | Reduce -1.7% |
| SPOT Spotify Technology SA | 0.25% | 1,245 | $851K | Reduce -4.6% |
| NBDS Neuberger Disrupters ETF | 0.25% | 23,335 | $848K | Add +5.5% |
| KKR KKR & Co. Inc. | 0.24% | 6,671 | $840K | Reduce -0.5% |
| AMGN Amgen Inc. | 0.24% | 2,853 | $838K | Reduce -15.6% |
| FAPR FT Vest U.S. Equity Buffer E | 0.24% | 19,247 | $836K | Reduce -0.1% |
| XMMO Invesco S&P Midcap Momentum | 0.24% | 6,152 | $834K | Reduce -5.7% |
| FEBM FT Vest US Eq Max Buf Feb | 0.24% | 27,693 | $828K | Reduce -4.8% |
Portfolio Sells Q2 2025 → Q3 2025
| SHY iShares 1-3 Year Treasury Bo | Reduce -82.8% | 0.20% | −0.84 |
| MSFT Microsoft Corp. | Reduce -45.4% | 1.24% | −0.74 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -91.2% | 0.06% | −0.58 |
| PG The Procter & Gamble Co. | Reduce -69.7% | 0.27% | −0.58 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.36 |
| IVV iShares Core S&P 500 ETF | Reduce -26.2% | 2.52% | −0.35 |
| WMT Walmart Inc. | Reduce -82.1% | 0.09% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -27.3% | 1.14% | −0.29 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -30.9% | 1.09% | −0.29 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -21.4% | 2.59% | −0.24 |
| AAPL Apple Inc. | Reduce -35.6% | 1.46% | −0.23 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -56.8% | 0.23% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -31.1% | 0.60% | −0.22 |
| NVDA Nvidia Corp. | Reduce -26.1% | 2.92% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -42.9% | 0.33% | −0.17 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -37.4% | 0.45% | −0.16 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.15 |
| TSLA Tesla Inc. | Reduce -55.3% | 0.29% | −0.14 |
| NFLX Netflix Inc. | Reduce -68.9% | 0.06% | −0.13 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.13 |
| LIN Linde PLC | Sold out | 0.00% | −0.13 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.13 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.12 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.12 |
| AVGO Broadcom Inc. | Reduce -42.1% | 0.50% | −0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.12 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.12 |
| JGLO JPMorgan GLBL SLCT Eq ETF | Reduce -49.2% | 0.17% | −0.12 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.11 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -38.7% | 0.27% | −0.11 |
| DKNG Draftkings Inc. Class A | Reduce -45.9% | 0.10% | −0.11 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -41.7% | 0.18% | −0.11 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.11 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -48.4% | 0.17% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -40.3% | 0.24% | −0.11 |
| V Visa Inc. Class A | Reduce -29.4% | 0.34% | −0.10 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -47.8% | 0.13% | −0.09 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.09 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.09 |
| AFL Aflac Inc. | Reduce -39.2% | 0.21% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -23.4% | 0.18% | −0.08 |
| MS Morgan Stanley | Sold out | 0.00% | −0.08 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.08 |
| AXP American Express Co. | Sold out | 0.00% | −0.08 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.08 |
| FSIG FT Ltd. Duration Inv Grade | Reduce -54.5% | 0.08% | −0.08 |
| NOW ServiceNow Inc. | Reduce -36.6% | 0.13% | −0.08 |
Portfolio Buys Q2 2025 → Q3 2025
| SSO Proshares Ultra S&P500 | New | 1.70% | +1.70 |
| FBND Fidelity Total Bond ETF | Add +51.6% | 1.63% | +0.68 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.0% | 2.12% | +0.41 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.8% | 1.58% | +0.41 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.7% | 1.19% | +0.33 |
| TLT iShares 20+ Year Treasury BD | New | 0.33% | +0.33 |
| IWM iShares Russell 2000 ETF | Add +8.8% | 1.12% | +0.31 |
| VYM Vanguard High DVD Yield ETF | Add +40.0% | 0.75% | +0.29 |
| VIG Vanguard Dividend Apprec ETF | Add +2.0% | 1.74% | +0.29 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.24% | +0.24 |
| EMB iShares JP Morgan Usd Emergi | New | 0.23% | +0.23 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.22% | +0.22 |
| AGG iShares Core U.S. Aggregate | Add +15.0% | 0.97% | +0.22 |
| HYDB iShares High Yield Systemati | Add +53.9% | 0.51% | +0.21 |
| VFMF Vanguard US Multifactor ETF | Add +32.5% | 0.56% | +0.20 |
| IJH iShares Core S&P Midcap ETF | Add +16.7% | 0.70% | +0.19 |
| EXEL Exelixis Inc. | New | 0.18% | +0.18 |
| IWR iShares Russell Mid-Cap ETF | Add +4.0% | 1.02% | +0.17 |
| FOXA Fox Corp. Class A | Add +84.5% | 0.30% | +0.16 |
| HOOD Robinhood Markets Inc. Class A | Add +13.3% | 0.34% | +0.15 |
| IDV iShares International Select | Add +19.4% | 0.47% | +0.13 |
| IWN iShares Russell 2000 Value E | Add +0.9% | 0.57% | +0.12 |
| NEM Newmont Corp. | New | 0.12% | +0.12 |
| FTHI Fthi/First Trust Exchange-TR | Add +36.3% | 0.34% | +0.12 |
| SYF Synchrony Financial | Add +30.5% | 0.32% | +0.12 |
| TTAN Servicetitan Inc. Class A | New | 0.11% | +0.11 |
| MTG Mgic Investment Corp. | New | 0.10% | +0.10 |
| VFMO Vanguard US Momentum Factor | Add +14.1% | 0.32% | +0.10 |
| USIG iShares Broad Usd Investment | Add +18.5% | 0.39% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | New | 0.10% | +0.10 |
| IEF iShares 7-10 Year Treasury B | Add +48.0% | 0.24% | +0.10 |
| DFNM Dimensional National Muni BD | New | 0.09% | +0.09 |
| PECO Phillips Edison & Company Inc. | New | 0.09% | +0.09 |
| AVEM Avantis Emerging Markets Eq | Add +0.5% | 0.51% | +0.09 |
| BMNR Bitmine Immersion Technologi | New | 0.09% | +0.09 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +9.6% | 0.38% | +0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.08% | +0.08 |
| ACWV iShares MSCI Global Min Vol | Add +8.2% | 0.46% | +0.08 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.08% | +0.08 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +25.8% | 0.24% | +0.08 |
| APP AppLovin Corp. Class A | New | 0.07% | +0.07 |
| FLNC Fluence Energy Inc. | Add +13.8% | 0.10% | +0.07 |
| FDVV Fidelity High Dividend ETF | Add +71.8% | 0.14% | +0.07 |
| CEG Constellation Energy | Add +9.4% | 0.22% | +0.07 |
| UAL United Airlines Holdings Inc. | Add +9.6% | 0.19% | +0.07 |
| IWC iShares Micro-Cap ETF | New | 0.07% | +0.07 |
| O Realty Income Corp. | New | 0.06% | +0.06 |
| IGM iShares Expanded Tech Sector | New | 0.06% | +0.06 |
| ILDR First Trust Innovation Leade | New | 0.06% | +0.06 |
| HYFI AB High Yield ETF | New | 0.06% | +0.06 |
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 |