TFC Financial Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), TFC Financial Management, Inc. reported 904 stock positions worth $562.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 27.5% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 16.1%) and Dimensional US Marketwide Va (DFUV, 7.3%). Compared with Q4 2023, it opened 263 new positions, sold out of 17, added to 351 and reduced 113. The biggest buy was iShares Core MSCI Dev MKTS (IDEV, shares +36%) and the biggest sale Dimensional US Target Value (DFAT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $562.9M (Q1 2024)
- SEC Filing
- 0001398344-24-008346 ↗ filed Apr 30, 2024
Holdings Value
Holdings 904 stocks · $562.9M
| IVV iShares Core S&P 500 ETF | 27.47% | 294,151 | $154.6M | Add +1.2% |
| IDEV iShares Core MSCI Dev MKTS | 16.14% | 1,352,949 | $90.8M | Add +36.4% |
| DFUV Dimensional US Marketwide Va | 7.27% | 999,904 | $40.9M | Reduce -3.7% |
| JQUA JPMorgan US Quality Factor | 5.53% | 588,599 | $31.1M | Add +3.5% |
| DFAT Dimensional US Target Value | 5.18% | 535,565 | $29.2M | Reduce -1.5% |
| SHV iShares 0-1 Year Treasury Bo | 4.48% | 228,102 | $25.2M | Add +3.8% |
| IEMG iShares Core MSCI Emerging | 3.58% | 390,842 | $20.2M | Add +27.2% |
| GVI iShares Intermediate Governm | 3.04% | 164,368 | $17.1M | Add +17.6% |
| AAPL Apple Inc. | 1.60% | 52,533 | $9.0M | Add +1.2% |
| JNJ Johnson & Johnson | 1.51% | 53,898 | $8.5M | Reduce -0.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.33% | 91,412 | $7.5M | Add +30.4% |
| MSFT Microsoft Corp. | 1.09% | 14,567 | $6.1M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 13,547 | $5.7M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.96% | 40,870 | $5.4M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.85% | 40,939 | $4.8M | Reduce -0.4% |
| BSV Vanguard Short-Term Bond ETF | 0.77% | 56,193 | $4.3M | Add +7.5% |
| ACN Accenture PLC Class A | 0.73% | 11,872 | $4.1M | Reduce -0.6% |
| ONB Old National Bancorp | 0.66% | 212,106 | $3.7M | Reduce -12.2% |
| ITOT iShares Core S&P Total U.S. | 0.57% | 27,651 | $3.2M | Reduce -0.5% |
| NUEM Nuveen ESG Emerging Markets | 0.54% | 110,695 | $3.0M | Add +3.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.47% | 11,474 | $2.6M | Add +1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 13,041 | $2.5M | Reduce -0.3% |
| IWB iShares Russell 1000 ETF | 0.42% | 8,242 | $2.4M | Reduce -4.0% |
| JSTC Adasina Social Justice GLB | 0.40% | 126,434 | $2.2M | Add +37.3% |
| AMZN Amazon.com Inc. | 0.39% | 12,050 | $2.2M | Add +9.5% |
| NVDA Nvidia Corp. | 0.36% | 2,267 | $2.0M | Reduce -2.1% |
| VXF Vanguard Extended Market ETF | 0.36% | 11,619 | $2.0M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.34% | 11,662 | $1.9M | Reduce -5.2% |
| PWRD TCW Transform Systems ETF | 0.33% | 27,450 | $1.9M | Reduce -33.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 3,210 | $1.7M | Reduce -3.0% |
| IJR iShares Core S&P Small-Cap E | 0.30% | 15,157 | $1.7M | Reduce -4.7% |
| TSLA Tesla Inc. | 0.29% | 9,372 | $1.6M | Reduce -3.0% |
| BND Vanguard Total Bond Market | 0.29% | 22,208 | $1.6M | Add +9.2% |
| PG The Procter & Gamble Co. | 0.27% | 9,434 | $1.5M | Add +2.0% |
| MA Mastercard Inc. Class A | 0.26% | 2,993 | $1.4M | Add +23.7% |
| GNSS Genasys Inc. | 0.25% | 600,000 | $1.4M | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.24% | 15,392 | $1.3M | Reduce -0.0% |
| LHX L3HARRIS Technologies Inc. | 0.23% | 6,111 | $1.3M | Add +0.1% |
| GE General Electric | 0.23% | 7,359 | $1.3M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.22% | 2,522 | $1.2M | Reduce -10.4% |
| GOOGL Alphabet Inc. Class A | 0.20% | 7,608 | $1.1M | Reduce -2.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 14,103 | $1.0M | Add +14.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 4,163 | $1.0M | Add +4.6% |
| JPM JPMorgan Chase & Co. | 0.17% | 4,879 | $977K | Reduce -17.3% |
| DDOG Datadog Inc. Class A | 0.17% | 7,550 | $933K | Add +0.0% |
| ABT Abbott Laboratories | 0.16% | 8,092 | $920K | Reduce -3.7% |
| EXPE Expedia Group Inc. | 0.16% | 6,563 | $904K | Add +0.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.16% | 5,541 | $902K | Add +0.1% |
| HD Home Depot Inc. | 0.16% | 2,335 | $896K | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.15% | 2,577 | $869K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 3,479 | $834K | Add +0.3% |
| GOOG Alphabet Inc. Class C | 0.15% | 5,375 | $818K | Reduce -11.8% |
| ABBV Abbvie Inc. | 0.14% | 4,437 | $808K | Add +0.2% |
| MMM 3M Co. | 0.14% | 7,289 | $773K | Reduce -0.1% |
| DFAC Dimensional US Core Equity 2 | 0.13% | 22,924 | $732K | Add +0.2% |
| FFIN First Finl Bankshares Inc. | 0.13% | 22,261 | $730K | No change |
| SCTXX Schwab Amt Tax FR MNY-Ultra | 0.13% | 710,809 | $711K | Add +9.5% |
| COST Costco Wholesale Corp. | 0.12% | 920 | $674K | Add +0.2% |
| SHOP Shopify Inc. Class A | 0.11% | 8,181 | $631K | No change |
| GPC Genuine Parts Co. | 0.11% | 4,054 | $628K | Add +0.0% |
| CI The Cigna Group | 0.11% | 1,729 | $628K | Add +0.1% |
| ADP Automatic Data Processing | 0.11% | 2,500 | $624K | Reduce -0.6% |
| CL Colgate-Palmolive Co. | 0.11% | 6,853 | $617K | Reduce -3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 5,826 | $591K | Add +0.1% |
| MDLZ Mondelez International Inc. Class A | 0.10% | 8,315 | $582K | Add +0.1% |
| IQLT iShares MSCI International Q | 0.10% | 13,702 | $543K | Add +2.0% |
| WMT Walmart Inc. | 0.10% | 8,982 | $540K | Add +0.5% |
| EFA iShares MSCI Eafe ETF | 0.10% | 6,717 | $536K | Reduce -1.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.09% | 544 | $528K | Reduce -0.9% |
| IWR iShares Russell Mid-Cap ETF | 0.09% | 6,252 | $526K | Reduce -0.7% |
| ISRG Intuitive Surgical Inc. | 0.09% | 1,317 | $526K | Reduce -3.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.09% | 3,845 | $494K | Reduce -4.8% |
| META Meta Platforms Inc. Class A | 0.09% | 1,014 | $492K | Reduce -1.1% |
| MO Altria Group Inc. | 0.08% | 10,825 | $472K | Reduce -0.2% |
| BNL Broadstone Net Lease Inc. | 0.07% | 24,751 | $388K | Add +1.7% |
| SYK Stryker Corp. | 0.07% | 1,082 | $387K | Add +0.2% |
| IJH iShares Core S&P Midcap ETF | 0.06% | 5,884 | $357K | Reduce -23.1% |
| V Visa Inc. Class A | 0.06% | 1,219 | $340K | Add +123.3% |
| PFE Pfizer Inc. | 0.06% | 12,145 | $337K | Reduce -19.0% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.06% | 4,146 | $331K | Reduce -33.3% |
| INTC Intel Corp. | 0.06% | 7,190 | $318K | Add +0.3% |
| ZTS Zoetis Inc. | 0.06% | 1,872 | $317K | Reduce -2.4% |
| MET Metlife Inc. | 0.06% | 4,261 | $316K | Add +0.1% |
| CTVA Corteva Inc. | 0.06% | 5,459 | $315K | Reduce -4.5% |
| DHR Danaher Corp. | 0.05% | 1,224 | $306K | Add +0.8% |
| PEP Pepsico Inc. | 0.05% | 1,730 | $303K | Reduce -10.3% |
| PM Philip Morris International | 0.05% | 3,226 | $296K | Reduce -2.5% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 6,990 | $292K | Reduce -0.3% |
| DD Dupont DE Nemours Inc. | 0.05% | 3,706 | $284K | Reduce -7.7% |
| IGM iShares Expanded Tech Sector | 0.05% | 3,210 | $277K | No change |
| LOW Lowe's Cos Inc. | 0.05% | 1,083 | $276K | Reduce -2.4% |
| SCZ iShares MSCI Eafe Small-Cap | 0.05% | 4,302 | $272K | Add +8.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.05% | 1,414 | $271K | Add +0.1% |
| SPGI S&P Global Inc. | 0.05% | 632 | $269K | Add +0.3% |
| KO The Coca-Cola Co. | 0.05% | 4,384 | $268K | Reduce -1.2% |
| CRM Salesforce Inc. | 0.05% | 880 | $265K | Add +0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 770 | $265K | Add +0.1% |
| KKR KKR & Co. Inc. | 0.05% | 2,553 | $257K | Add +0.1% |
| REGN Regeneron Pharmaceuticals | 0.04% | 263 | $253K | No change |
| XLK SS Technology Select Sector | 0.04% | 1,201 | $250K | Add +0.1% |
Portfolio Sells Q4 2023 → Q1 2024
| DFAT Dimensional US Target Value | Reduce -1.5% | 5.18% | −0.57 |
| DFUV Dimensional US Marketwide Va | Reduce -3.7% | 7.27% | −0.55 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.51% | −0.20 |
| TSLA Tesla Inc. | Reduce -3.0% | 0.29% | −0.19 |
| ONB Old National Bancorp | Reduce -12.2% | 0.66% | −0.17 |
| PWRD TCW Transform Systems ETF | Reduce -33.2% | 0.33% | −0.14 |
| ACN Accenture PLC Class A | Reduce -0.6% | 0.73% | −0.12 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.7% | 0.30% | −0.05 |
| FUL H.B. Fuller Co. | Reduce -33.3% | 0.06% | −0.04 |
| MSFT Microsoft Corp. | Reduce -1.9% | 1.09% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -4.0% | 0.42% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -10.4% | 0.22% | −0.03 |
| MCD McDonald's Corp. | Reduce -36.6% | 0.04% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -17.3% | 0.17% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -11.8% | 0.15% | −0.03 |
| PFE Pfizer Inc. | Reduce -19.0% | 0.06% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -5.2% | 0.34% | −0.03 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.5% | 0.57% | −0.02 |
| MMM 3M Co. | Reduce -0.1% | 0.14% | −0.02 |
| ABT Abbott Laboratories | Reduce -3.7% | 0.16% | −0.02 |
| CVX Chevron Corp. | Reduce -35.6% | 0.03% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -23.1% | 0.06% | −0.02 |
| ZTS Zoetis Inc. | Reduce -2.4% | 0.06% | −0.02 |
| DOW Dow Inc. | Reduce -28.0% | 0.04% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.0% | 0.30% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -2.4% | 0.20% | −0.02 |
| ADI Analog Devices Inc. | Reduce -15.8% | 0.04% | −0.01 |
| ADBE Adobe Inc. | Reduce -16.9% | 0.02% | −0.01 |
| PEP Pepsico Inc. | Reduce -10.3% | 0.05% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -7.7% | 0.05% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -22.2% | 0.03% | −0.01 |
| PM Philip Morris International | Reduce -2.5% | 0.05% | −0.01 |
| INMD Inmode Ltd. | Sold out | 0.00% | −0.01 |
| HON Honeywell International Inc. | Reduce -22.5% | 0.02% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.1% | 0.10% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -65.0% | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -1.0% | 0.04% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.11% | −0.01 |
| UL Unilever PLC | Reduce -50.8% | 0.01% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.3% | 0.05% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -99.3% | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -34.0% | 0.01% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -16.6% | 0.02% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -22.8% | 0.01% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.7% | 0.09% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -47.6% | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -1.2% | 0.05% | −0.01 |
| HPQ HP Inc. | Reduce -91.8% | 0.00% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -3.5% | 0.11% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| IDEV iShares Core MSCI Dev MKTS | Add +36.4% | 16.14% | +3.37 |
| IEMG iShares Core MSCI Emerging | Add +27.2% | 3.58% | +0.44 |
| SHY iShares 1-3 Year Treasury Bo | Add +30.4% | 1.33% | +0.17 |
| JSTC Adasina Social Justice GLB | Add +37.3% | 0.40% | +0.08 |
| GVI iShares Intermediate Governm | Add +17.6% | 3.04% | +0.08 |
| AMZN Amazon.com Inc. | Add +9.5% | 0.39% | +0.05 |
| MA Mastercard Inc. Class A | Add +23.7% | 0.26% | +0.05 |
| GE General Electric | Add +0.1% | 0.23% | +0.04 |
| V Visa Inc. Class A | Add +123.3% | 0.06% | +0.03 |
| JQUA JPMorgan US Quality Factor | Add +3.5% | 5.53% | +0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Add +365.8% | 0.02% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +175.8% | 0.03% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +14.4% | 0.19% | +0.01 |
| SMCI Super Micro Computer Inc. | Add +23.1% | 0.01% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +2181.8% | 0.01% | +0.01 |
| PGNY Progyny Inc. | New | 0.01% | +0.01 |
| VRT Vertiv Holdings Co. Class A | Add +23.9% | 0.02% | +0.01 |
| CI The Cigna Group | Add +0.1% | 0.11% | +0.01 |
| TSCO Tractor Supply Company | Add +97.8% | 0.01% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +403.2% | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +466.7% | 0.01% | +0.01 |
| ABBV Abbvie Inc. | Add +0.2% | 0.14% | +0.00 |
| MTTR Matterport Inc. | New | 0.00% | +0.00 |
| SCHF Schwab Intl Equity ETF | Add +23.2% | 0.03% | +0.00 |
| SYK Stryker Corp. | Add +0.2% | 0.07% | +0.00 |
| ETN Eaton Corp. PLC | Add +0.4% | 0.03% | +0.00 |
| DJP Ipath Bloomberg Commodity Inc. | New | 0.00% | +0.00 |
| KKR KKR & Co. Inc. | Add +0.1% | 0.05% | +0.00 |
| PINS Pinterest Inc. Class A | Add +33.5% | 0.03% | +0.00 |
| PLD Prologis Inc. | Add +39.1% | 0.02% | +0.00 |
| PRGO Perrigo Co. PLC | Add +39.7% | 0.01% | +0.00 |
| CCK Crown Holdings Inc. | Add +50.5% | 0.02% | +0.00 |
| PCAR Paccar Inc. | Add +0.3% | 0.02% | +0.00 |
| SYY Sysco Corp. | Add +11.1% | 0.03% | +0.00 |
| EWY iShares MSCI South Korea ETF | New | 0.00% | +0.00 |
| NEM Newmont Corp. | Add +74.2% | 0.01% | +0.00 |
| AXP American Express Co. | Add +0.5% | 0.02% | +0.00 |
| C Citigroup Inc. | Add +50.5% | 0.00% | +0.00 |
| ARGX Argenx SE - ADR | New | 0.00% | +0.00 |
| AMAT Applied Materials Inc. | Add +1.5% | 0.01% | +0.00 |
| BIDU Baidu Inc. - Spon ADR | Add +680.0% | 0.00% | +0.00 |
| MFC Manulife Financial Corp. | New | 0.00% | +0.00 |
| HSIC Henry Schein Inc. | Add +100.0% | 0.00% | +0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +0.5% | 0.10% | +0.00 |
| ANET Arista Networks Inc. | Add +0.4% | 0.01% | +0.00 |
| DVA Davita Inc. | Add +512.5% | 0.00% | +0.00 |
| TT Trane Technologies PLC | Add +0.4% | 0.01% | +0.00 |
| WMS Advanced Drainage Systems Inc. | Add +0.3% | 0.01% | +0.00 |
| ELF Elf Beauty Inc. | New | 0.00% | +0.00 |
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 |