TFC Financial Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), TFC Financial Management, Inc. reported 1,033 stock positions worth $902.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 27.0% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 13.6%) and iShares 1-3 Year Treasury Bo (SHY, 9.3%). Compared with Q1 2026, it opened 93 new positions, sold out of 60, added to 326 and reduced 141. The biggest buy was a new position in Calvert US Mcap Core Resp (CVMC) and the biggest sale Vanguard Short-Term Bond ETF (BSV, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $902.3M (Q2 2026)
- SEC Filing
- 0001398344-26-012512 ↗ filed Jul 23, 2026
Holdings Value
Holdings 1,033 stocks · $902.3M
| IVV iShares Core S&P 500 ETF | 26.99% | 325,201 | $243.5M | Reduce -2.4% |
| IDEV iShares Core MSCI Dev MKTS | 13.59% | 1,377,805 | $122.6M | Add +0.4% |
| SHY iShares 1-3 Year Treasury Bo | 9.34% | 1,026,401 | $84.3M | Add +3.6% |
| IEMG iShares Core MSCI Emerging | 6.75% | 734,844 | $60.9M | Reduce -2.8% |
| JQUA JPMorgan US Quality Factor | 6.12% | 764,173 | $55.2M | Add +2.5% |
| DFUV Dimensional US Marketwide Va | 5.52% | 905,753 | $49.8M | Reduce -0.4% |
| DFAT Dimensional US Target Value | 3.19% | 411,492 | $28.8M | Add +0.6% |
| VTWG Vanguard Russell 2000 Growth | 2.78% | 87,140 | $25.1M | Add +5.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.03% | 53,307 | $18.3M | Add +3.9% |
| JNJ Johnson & Johnson | 1.38% | 48,938 | $12.4M | Reduce -0.6% |
| NUEM Nuveen ESG Emerging Markets | 1.38% | 292,478 | $12.4M | Reduce -0.1% |
| AAPL Apple Inc. | 1.34% | 41,897 | $12.1M | Reduce -2.9% |
| BSV Vanguard Short-Term Bond ETF | 0.74% | 85,616 | $6.7M | Reduce -21.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 11,749 | $5.9M | Add +0.0% |
| MSFT Microsoft Corp. | 0.65% | 15,703 | $5.9M | Reduce -2.3% |
| XOM Exxon Mobil Corp. | 0.63% | 41,610 | $5.7M | Add +2.2% |
| MRK Merck & Co. Inc. | 0.55% | 38,730 | $5.0M | Add +0.3% |
| NVDA Nvidia Corp. | 0.53% | 23,959 | $4.8M | Add +0.6% |
| CVMC Calvert US Mcap Core Resp | 0.52% | 61,148 | $4.7M | New |
| ESML iShares ESG Aware MSCI USA S | 0.51% | 81,801 | $4.6M | Add +3.8% |
| ITOT iShares Core S&P Total U.S. | 0.49% | 26,677 | $4.4M | Add +4.0% |
| GOOGL Alphabet Inc. Class A | 0.37% | 9,217 | $3.3M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 0.35% | 43,338 | $3.2M | Reduce -23.4% |
| IWB iShares Russell 1000 ETF | 0.35% | 7,765 | $3.2M | No change |
| JSTC Adasina Social Justice GLB | 0.34% | 132,532 | $3.0M | Add +0.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.33% | 4 | $3.0M | Reduce -20.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 10,159 | $2.9M | Reduce -18.5% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 7,313 | $2.7M | Reduce -0.5% |
| QUAL iShares MSCI USA Quality Fac | 0.29% | 11,869 | $2.6M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 3,357 | $2.5M | Add +0.1% |
| ONB Old National Bancorp | 0.27% | 95,400 | $2.5M | Reduce -5.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 6,627 | $2.5M | Add +0.7% |
| VXF Vanguard Extended Market ETF | 0.26% | 9,667 | $2.4M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 0.26% | 7,198 | $2.4M | Add +6.3% |
| AMZN Amazon.com Inc. | 0.25% | 9,588 | $2.3M | Reduce -0.4% |
| VOO Vanguard S&P 500 ETF | 0.23% | 3,083 | $2.1M | Reduce -1.9% |
| GEV GE Vernova Inc. | 0.22% | 1,710 | $2.0M | Add +1.3% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 13,512 | $2.0M | Reduce -1.1% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 6,112 | $1.8M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 18,092 | $1.7M | Reduce -1.0% |
| EFA iShares MSCI Eafe ETF | 0.19% | 16,694 | $1.7M | Add +8.8% |
| PWRD TCW Transform Systems ETF | 0.18% | 13,540 | $1.7M | Reduce -10.6% |
| HTFL Heartflow Inc. | 0.18% | 55,598 | $1.6M | No change |
| GOOG Alphabet Inc. Class C | 0.18% | 4,564 | $1.6M | Add +7.1% |
| ACN Accenture PLC Class A | 0.16% | 11,916 | $1.5M | Reduce -2.1% |
| EXPE Expedia Group Inc. | 0.16% | 5,526 | $1.4M | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.15% | 11,193 | $1.4M | Add +11.6% |
| SUSA iShares ESG Optimized MSCI U | 0.15% | 8,523 | $1.3M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 0.15% | 2,553 | $1.3M | Add +0.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 5,984 | $1.3M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.14% | 8,583 | $1.3M | Add +5.1% |
| WMT Walmart Inc. | 0.13% | 10,038 | $1.1M | Reduce -0.5% |
| MMM 3M Co. | 0.13% | 7,006 | $1.1M | Reduce -0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 3,710 | $1.1M | Reduce -61.5% |
| COST Costco Wholesale Corp. | 0.12% | 1,182 | $1.1M | Add +2.6% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.12% | 26,551 | $1.1M | No change |
| LLY Eli Lilly & Co. | 0.12% | 877 | $1.1M | Add +11.9% |
| META Meta Platforms Inc. Class A | 0.11% | 1,750 | $986K | Reduce -13.5% |
| DDOG Datadog Inc. Class A | 0.10% | 3,509 | $914K | Reduce -53.6% |
| DVY iShares Select Dividend ETF | 0.10% | 5,824 | $910K | Add +0.5% |
| DHS Wisdomtree US High Dividend | 0.10% | 7,986 | $908K | Add +0.5% |
| HD Home Depot Inc. | 0.10% | 2,492 | $879K | Add +6.3% |
| SHOP Shopify Inc. Class A | 0.10% | 7,536 | $860K | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.09% | 3,399 | $855K | Add +4.9% |
| IJH iShares Core S&P Midcap ETF | 0.09% | 11,087 | $855K | Add +33.0% |
| AMAT Applied Materials Inc. | 0.09% | 1,147 | $829K | Add +99.1% |
| AVGO Broadcom Inc. | 0.09% | 2,131 | $805K | Add +2.9% |
| MO Altria Group Inc. | 0.09% | 10,862 | $782K | Add +0.1% |
| V Visa Inc. Class A | 0.08% | 2,184 | $749K | Add +14.1% |
| AMSC American Superconductor Corp. | 0.08% | 16,787 | $697K | Add +0.3% |
| PM Philip Morris International | 0.07% | 3,422 | $619K | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.07% | 609 | $616K | Add +0.8% |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 5,495 | $606K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 3,899 | $591K | Add +0.3% |
| FTEC Fidelity MSCI Info Tech Indx | 0.06% | 2,038 | $582K | No change |
| CL Colgate-Palmolive Co. | 0.06% | 6,284 | $576K | No change |
| CVNA Carvana Co. | 0.06% | 8,669 | $571K | Add +0.1% |
| ADP Automatic Data Processing | 0.06% | 2,528 | $566K | Reduce -11.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 6,697 | $540K | Reduce -59.9% |
| CSCO Cisco Systems Inc. | 0.06% | 4,550 | $534K | Add +0.4% |
| DFAW Dimensional World Eqty ETF | 0.06% | 6,355 | $526K | Add +3.5% |
| ISRG Intuitive Surgical Inc. | 0.06% | 1,319 | $525K | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 1,076 | $514K | Add +14.7% |
| IDV iShares International Select | 0.06% | 12,280 | $509K | Add +1.4% |
| BNL Broadstone Net Lease Inc. | 0.06% | 24,116 | $498K | No change |
| IQLT iShares MSCI International Q | 0.05% | 9,767 | $484K | Add +22.1% |
| ABT Abbott Laboratories | 0.05% | 5,231 | $475K | Reduce -20.0% |
| EMR Emerson Electric Co. | 0.05% | 3,277 | $469K | Add +55.1% |
| TSLA Tesla Inc. | 0.05% | 1,104 | $464K | Add +2.6% |
| GPC Genuine Parts Co. | 0.05% | 3,920 | $462K | Reduce -0.0% |
| XLK SS Technology Select Sector | 0.05% | 2,417 | $460K | Add +0.0% |
| IGM iShares Expanded Tech Sector | 0.05% | 2,810 | $460K | No change |
| ADI Analog Devices Inc. | 0.05% | 1,154 | $458K | Add +0.3% |
| CVX Chevron Corp. | 0.05% | 2,691 | $446K | Add +7.0% |
| MDLZ Mondelez International Inc. Class A | 0.05% | 7,708 | $446K | Reduce -2.4% |
| GLD SPDR Gold Shares | 0.05% | 1,202 | $443K | Add +398.8% |
| IXUS iShares Core Intl Stock ETF | 0.05% | 4,586 | $438K | Add +1.3% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.05% | 206 | $410K | Add +18.4% |
| NEE Nextera Energy Inc. | 0.04% | 4,471 | $392K | Add +0.5% |
| CTVA Corteva Inc. | 0.04% | 4,590 | $389K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 1 | $3 | No change |
Total filed on the 13F, all lines: $902.3M.
Portfolio Sells Q1 2026 → Q2 2026
| BSV Vanguard Short-Term Bond ETF | Reduce -21.4% | 0.74% | −0.31 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -61.5% | 0.12% | −0.19 |
| BND Vanguard Total Bond Market | Reduce -23.4% | 0.35% | −0.16 |
| ACN Accenture PLC Class A | Reduce -2.1% | 0.16% | −0.13 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -20.0% | 0.33% | −0.11 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.38% | −0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -59.9% | 0.06% | −0.09 |
| MSFT Microsoft Corp. | Reduce -2.3% | 0.65% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -18.5% | 0.32% | −0.06 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -13.5% | 0.11% | −0.03 |
| ABT Abbott Laboratories | Reduce -20.0% | 0.05% | −0.03 |
| WMT Walmart Inc. | Reduce -0.5% | 0.13% | −0.03 |
| CRM Salesforce Inc. | Reduce -47.8% | 0.01% | −0.02 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.02 |
| SHOP Shopify Inc. Class A | Reduce -0.8% | 0.10% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.0% | 0.19% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -59.1% | 0.01% | −0.01 |
| TMUS T-Mobile US Inc. | Reduce -6.3% | 0.02% | −0.01 |
| SPGI S&P Global Inc. | Reduce -10.5% | 0.03% | −0.01 |
| PEP Pepsico Inc. | Reduce -3.8% | 0.03% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -99.2% | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -26.1% | 0.01% | −0.01 |
| DDOG Datadog Inc. Class A | Reduce -53.6% | 0.10% | −0.01 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -11.0% | 0.06% | −0.01 |
| DIS The Walt Disney Co. | Reduce -10.3% | 0.03% | −0.01 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.01 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.01 |
| DHR Danaher Corp. | Reduce -28.1% | 0.01% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.4% | 0.05% | −0.01 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.01 |
| AAPL Apple Inc. | Reduce -2.9% | 1.34% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -16.6% | 0.03% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -46.6% | 0.01% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -24.9% | 0.01% | −0.01 |
| DOW Dow Inc. | Reduce -0.1% | 0.01% | −0.00 |
| PCAR Paccar Inc. | Reduce -23.4% | 0.01% | −0.00 |
| NFLX Netflix Inc. | Reduce -44.5% | 0.00% | −0.00 |
| CLX Clorox Company | Reduce -14.1% | 0.01% | −0.00 |
| STT State Street Corp. | Reduce -33.8% | 0.02% | −0.00 |
| MCO Moody's Corp. | Reduce -35.6% | 0.01% | −0.00 |
| GEHC GE Healthcare Technology | Reduce -0.5% | 0.02% | −0.00 |
| REGN Regeneron Pharmaceuticals | Reduce -14.4% | 0.01% | −0.00 |
| VRSK Verisk Analytics Inc. | Reduce -39.4% | 0.00% | −0.00 |
| XYL Xylem Inc. | Reduce -9.9% | 0.01% | −0.00 |
| ALC Alcon Inc. | Reduce -7.0% | 0.01% | −0.00 |
| ATR Aptargroup Inc. | Reduce -4.5% | 0.02% | −0.00 |
| BLK BlackRock Inc. | Reduce -41.5% | 0.00% | −0.00 |
| TW Tradeweb Markets Inc. Class A | Reduce -99.5% | 0.00% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| CVMC Calvert US Mcap Core Resp | New | 0.52% | +0.52 |
| JQUA JPMorgan US Quality Factor | Add +2.5% | 6.12% | +0.49 |
| VTWG Vanguard Russell 2000 Growth | Add +5.8% | 2.78% | +0.45 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +3.9% | 2.03% | +0.14 |
| AMAT Applied Materials Inc. | Add +99.1% | 0.09% | +0.07 |
| ESML iShares ESG Aware MSCI USA S | Add +3.8% | 0.51% | +0.05 |
| DFAT Dimensional US Target Value | Add +0.6% | 3.19% | +0.04 |
| GEV GE Vernova Inc. | Add +1.3% | 0.22% | +0.04 |
| GLD SPDR Gold Shares | Add +398.8% | 0.05% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +4.0% | 0.49% | +0.04 |
| MCK McKesson Corp. | Add +463.1% | 0.04% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +7.1% | 0.18% | +0.03 |
| LLY Eli Lilly & Co. | Add +11.9% | 0.12% | +0.03 |
| C Citigroup Inc. | Add +493.9% | 0.03% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +33.0% | 0.09% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +11.6% | 0.15% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +16.1% | 0.04% | +0.02 |
| JSTC Adasina Social Justice GLB | Add +0.8% | 0.34% | +0.02 |
| NVDA Nvidia Corp. | Add +0.6% | 0.53% | +0.02 |
| EEM iShares MSCI Emerging Market | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | Add +55.1% | 0.05% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.7% | 0.06% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +18.4% | 0.05% | +0.02 |
| GNRC Generac Holdings Inc. | Add +8383.3% | 0.02% | +0.02 |
| LRCX Lam Research Corp. | Add +74.2% | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.4% | 0.06% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +6.3% | 0.26% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +2.7% | 0.29% | +0.02 |
| APD Air Products & Chemicals Inc. | Add +147.3% | 0.03% | +0.02 |
| ETN Eaton Corp. PLC | Add +46.1% | 0.04% | +0.01 |
| UNP Union Pacific Corp. | Add +80.3% | 0.03% | +0.01 |
| GHC Graham Holdings Co. Class B | New | 0.01% | +0.01 |
| SPHY SS SPDR P High Yield ETF | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.7% | 0.27% | +0.01 |
| V Visa Inc. Class A | Add +14.1% | 0.08% | +0.01 |
| BE Bloom Energy Corp. Class A | Add +5.0% | 0.02% | +0.01 |
| XLK SS Technology Select Sector | Add +0.0% | 0.05% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +75.1% | 0.03% | +0.01 |
| AVGO Broadcom Inc. | Add +2.9% | 0.09% | +0.01 |
| XSHQ Invesco S&P Smallcap Quality | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +1.3% | 0.03% | +0.01 |
| AIG American International Group | Add +719.0% | 0.01% | +0.01 |
| ENB Enbridge Inc. | Add +380.8% | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.28% | +0.01 |
| CVLC Calvert US L-C CR Resp Index | Add +19.0% | 0.04% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +8.8% | 0.19% | +0.01 |
| IQLT iShares MSCI International Q | Add +22.1% | 0.05% | +0.01 |
| ABBV Abbvie Inc. | Add +4.9% | 0.09% | +0.01 |
| VGK Vanguard Ftse Europe ETF | New | 0.01% | +0.01 |
| OTTR Otter Tail Corp. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,033 | $902.3M | IVV, IDEV, SHY, IEMG, JQUA |
| Q1 2026 | 997 | $811.6M | IVV, IDEV, SHY, IEMG, JQUA |
| Q4 2025 | 962 | $797.3M | IVV, IDEV, SHY, IEMG, JQUA |
| Q3 2025 | 996 | $780.5M | IVV, IDEV, SHY, IEMG, JQUA |
| Q2 2025 | 972 | $730.0M | IVV, IDEV, SHY, IEMG, JQUA |
| Q1 2025 | 958 | $653.2M | IVV, IDEV, SHY, IEMG, DFUV |
| Q4 2024 | 978 | $632.3M | IVV, IDEV, SHY, DFUV, JQUA |
| Q3 2024 | 1,003 | $632.2M | IVV, IDEV, SHY, DFUV, JQUA |
| Q2 2024 | 968 | $570.1M | IVV, IDEV, DFUV, JQUA, DFAT |
| Q1 2024 | 904 | $562.9M | IVV, IDEV, DFUV, JQUA, DFAT |