TFC Financial Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), TFC Financial Management, Inc. reported 968 stock positions worth $570.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 28.1% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 15.9%) and Dimensional US Marketwide Va (DFUV, 6.7%). Compared with Q1 2024, it opened 217 new positions, sold out of 156, added to 195 and reduced 189. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Dimensional US Marketwide Va (DFUV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $570.1M (Q2 2024)
- SEC Filing
- 0001398344-24-012946 ↗ filed Jul 23, 2024
Holdings Value
Holdings 968 stocks · $570.1M
| IVV iShares Core S&P 500 ETF | 28.08% | 292,510 | $160.1M | Reduce -0.6% |
| IDEV iShares Core MSCI Dev MKTS | 15.93% | 1,383,454 | $90.8M | Add +2.3% |
| DFUV Dimensional US Marketwide Va | 6.75% | 979,454 | $38.5M | Reduce -2.0% |
| JQUA JPMorgan US Quality Factor | 5.61% | 604,109 | $32.0M | Add +2.6% |
| DFAT Dimensional US Target Value | 4.90% | 538,659 | $27.9M | Add +0.6% |
| SHV iShares 0-1 Year Treasury Bo | 4.49% | 231,418 | $25.6M | Add +1.4% |
| IEMG iShares Core MSCI Emerging | 3.89% | 414,353 | $22.2M | Add +6.0% |
| GVI iShares Intermediate Governm | 3.14% | 172,668 | $17.9M | Add +5.0% |
| AAPL Apple Inc. | 1.95% | 52,910 | $11.1M | Add +0.7% |
| SHY iShares 1-3 Year Treasury Bo | 1.52% | 106,273 | $8.7M | Add +16.3% |
| JNJ Johnson & Johnson | 1.33% | 51,769 | $7.6M | Reduce -4.0% |
| MSFT Microsoft Corp. | 1.12% | 14,254 | $6.4M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 13,409 | $5.5M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.88% | 40,365 | $5.0M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.81% | 40,220 | $4.6M | Reduce -1.8% |
| BSV Vanguard Short-Term Bond ETF | 0.74% | 55,031 | $4.2M | Reduce -2.1% |
| ACN Accenture PLC Class A | 0.63% | 11,868 | $3.6M | Reduce -0.0% |
| ONB Old National Bancorp | 0.62% | 205,100 | $3.5M | Reduce -3.3% |
| NUEM Nuveen ESG Emerging Markets | 0.57% | 113,172 | $3.2M | Add +2.2% |
| ITOT iShares Core S&P Total U.S. | 0.55% | 26,398 | $3.1M | Reduce -4.5% |
| NVDA Nvidia Corp. | 0.48% | 22,307 | $2.8M | Reduce -1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.44% | 11,383 | $2.5M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 0.41% | 11,992 | $2.3M | Reduce -0.5% |
| IWB iShares Russell 1000 ETF | 0.39% | 7,567 | $2.3M | Reduce -8.2% |
| JSTC Adasina Social Justice GLB | 0.39% | 129,444 | $2.2M | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 12,775 | $2.2M | Reduce -2.0% |
| QUAL iShares MSCI USA Quality Fac | 0.33% | 10,902 | $1.9M | Reduce -6.5% |
| PWRD TCW Transform Systems ETF | 0.31% | 26,146 | $1.8M | Reduce -4.8% |
| VXF Vanguard Extended Market ETF | 0.31% | 10,373 | $1.8M | Reduce -10.7% |
| TSLA Tesla Inc. | 0.30% | 8,724 | $1.7M | Reduce -6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 3,026 | $1.6M | Reduce -5.7% |
| BND Vanguard Total Bond Market | 0.28% | 22,345 | $1.6M | Add +0.6% |
| IJR iShares Core S&P Small-Cap E | 0.28% | 14,931 | $1.6M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.28% | 9,538 | $1.6M | Add +1.1% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.26% | 15,392 | $1.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.25% | 7,732 | $1.4M | Add +1.6% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 6,110 | $1.4M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 0.23% | 2,958 | $1.3M | Reduce -1.2% |
| GNSS Genasys Inc. | 0.22% | 600,000 | $1.3M | No change |
| VOO Vanguard S&P 500 ETF | 0.21% | 2,398 | $1.2M | Reduce -4.9% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 7,411 | $1.2M | Add +0.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 15,363 | $1.1M | Add +8.9% |
| GOOG Alphabet Inc. Class C | 0.19% | 5,789 | $1.1M | Add +7.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 4,122 | $998K | Reduce -1.0% |
| DDOG Datadog Inc. Class A | 0.17% | 7,554 | $980K | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.16% | 2,577 | $939K | No change |
| JPM JPMorgan Chase & Co. | 0.16% | 4,434 | $897K | Reduce -9.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 3,479 | $869K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.15% | 5,393 | $868K | Reduce -2.7% |
| EXPE Expedia Group Inc. | 0.15% | 6,565 | $827K | Add +0.0% |
| ABT Abbott Laboratories | 0.14% | 7,738 | $804K | Reduce -4.4% |
| HD Home Depot Inc. | 0.14% | 2,331 | $802K | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.14% | 920 | $782K | No change |
| MMM 3M Co. | 0.13% | 7,356 | $752K | Add +0.9% |
| ABBV Abbvie Inc. | 0.13% | 4,371 | $750K | Reduce -1.5% |
| DFAC Dimensional US Core Equity 2 | 0.13% | 22,993 | $741K | Add +0.3% |
| CL Colgate-Palmolive Co. | 0.12% | 6,861 | $666K | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 5,936 | $654K | Add +1.9% |
| WMT Walmart Inc. | 0.11% | 8,982 | $608K | No change |
| ISRG Intuitive Surgical Inc. | 0.10% | 1,317 | $586K | No change |
| FFIN First Finl Bankshares Inc. | 0.10% | 19,561 | $578K | Reduce -12.1% |
| CI The Cigna Group | 0.10% | 1,743 | $576K | Add +0.8% |
| GPC Genuine Parts Co. | 0.10% | 4,053 | $561K | Reduce -0.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.10% | 544 | $556K | No change |
| ADP Automatic Data Processing | 0.10% | 2,313 | $552K | Reduce -7.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.10% | 3,845 | $549K | No change |
| MDLZ Mondelez International Inc. Class A | 0.09% | 8,264 | $541K | Reduce -0.6% |
| SHOP Shopify Inc. Class A | 0.09% | 8,181 | $540K | No change |
| EFA iShares MSCI Eafe ETF | 0.09% | 6,717 | $526K | No change |
| META Meta Platforms Inc. Class A | 0.09% | 1,021 | $515K | Add +0.7% |
| IQLT iShares MSCI International Q | 0.09% | 13,174 | $514K | Reduce -3.9% |
| MO Altria Group Inc. | 0.09% | 10,848 | $494K | Add +0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.09% | 6,000 | $486K | Reduce -4.0% |
| BNL Broadstone Net Lease Inc. | 0.07% | 25,236 | $400K | Add +2.0% |
| AMSC American Superconductor Corp. | 0.07% | 16,471 | $385K | No change |
| FTEC Fidelity MSCI Info Tech Indx | 0.07% | 2,180 | $374K | New |
| SYK Stryker Corp. | 0.06% | 1,076 | $366K | Reduce -0.6% |
| IJH iShares Core S&P Midcap ETF | 0.06% | 5,886 | $344K | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 3,411 | $339K | Add +136.7% |
| PM Philip Morris International | 0.06% | 3,226 | $327K | No change |
| UNH Unitedhealth Group Inc. | 0.06% | 628 | $320K | Add +52.1% |
| V Visa Inc. Class A | 0.06% | 1,214 | $319K | Reduce -0.4% |
| GEV GE Vernova Inc. | 0.06% | 1,836 | $315K | Reduce -0.2% |
| DHR Danaher Corp. | 0.06% | 1,257 | $314K | Add +2.7% |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 7,165 | $314K | Add +2.5% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.05% | 4,068 | $313K | Reduce -1.9% |
| ZTS Zoetis Inc. | 0.05% | 1,799 | $312K | Reduce -3.9% |
| IGM iShares Expanded Tech Sector | 0.05% | 3,210 | $303K | No change |
| MET Metlife Inc. | 0.05% | 4,283 | $301K | Add +0.5% |
| DD Dupont DE Nemours Inc. | 0.05% | 3,710 | $299K | Add +0.1% |
| CTVA Corteva Inc. | 0.05% | 5,459 | $294K | No change |
| PEP Pepsico Inc. | 0.05% | 1,783 | $294K | Add +3.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 770 | $288K | No change |
| PFE Pfizer Inc. | 0.05% | 10,105 | $283K | Reduce -16.8% |
| SPGI S&P Global Inc. | 0.05% | 632 | $282K | No change |
| KO The Coca-Cola Co. | 0.05% | 4,405 | $280K | Add +0.5% |
| REGN Regeneron Pharmaceuticals | 0.05% | 264 | $277K | Add +0.4% |
| XLK SS Technology Select Sector | 0.05% | 1,202 | $272K | Add +0.1% |
| CVNA Carvana Co. | 0.05% | 2,101 | $270K | No change |
| SCZ iShares MSCI Eafe Small-Cap | 0.05% | 4,383 | $270K | Add +1.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $87K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 10,000 | $87K | New |
Total filed on the 13F, all lines: $570.2M.
Portfolio Sells Q1 2024 → Q2 2024
| DFUV Dimensional US Marketwide Va | Reduce -2.0% | 6.75% | −0.52 |
| JNJ Johnson & Johnson | Reduce -4.0% | 1.33% | −0.19 |
| SCTXX Schwab Amt Tax FR MNY-Ultra | Sold out | 0.00% | −0.13 |
| ACN Accenture PLC Class A | Reduce -0.0% | 0.63% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 0.88% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.0% | 0.96% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -2.0% | 0.39% | −0.05 |
| VXF Vanguard Extended Market ETF | Reduce -10.7% | 0.31% | −0.05 |
| ONB Old National Bancorp | Reduce -3.3% | 0.62% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -1.8% | 0.81% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.8% | 0.44% | −0.03 |
| FFIN First Finl Bankshares Inc. | Reduce -12.1% | 0.10% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 0.23% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -8.2% | 0.39% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -2.1% | 0.74% | −0.03 |
| CVS CVS Health Corp. | Reduce -50.9% | 0.01% | −0.02 |
| ABT Abbott Laboratories | Reduce -4.4% | 0.14% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -61.8% | 0.01% | −0.02 |
| PWRD TCW Transform Systems ETF | Reduce -4.8% | 0.31% | −0.02 |
| VT Vanguard Tot World STK ETF | Reduce -66.0% | 0.01% | −0.02 |
| NKE Nike Inc. Class B | Reduce -76.3% | 0.00% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -68.7% | 0.01% | −0.02 |
| HD Home Depot Inc. | Reduce -0.2% | 0.14% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.5% | 0.28% | −0.02 |
| INTC Intel Corp. | Reduce -1.7% | 0.04% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -4.5% | 0.55% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -9.1% | 0.16% | −0.02 |
| EQT Eqt Corp. | Reduce -73.8% | 0.01% | −0.02 |
| ADP Automatic Data Processing | Reduce -7.5% | 0.10% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.5% | 0.33% | −0.01 |
| GPC Genuine Parts Co. | Reduce -0.0% | 0.10% | −0.01 |
| ABBV Abbvie Inc. | Reduce -1.5% | 0.13% | −0.01 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -16.8% | 0.05% | −0.01 |
| HUBS HubSpot Inc. | Reduce -18.8% | 0.03% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.0% | 0.17% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.7% | 0.29% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.6% | 0.09% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -4.0% | 0.09% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -58.6% | 0.01% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.7% | 0.15% | −0.01 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -0.2% | 0.04% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.04% | −0.01 |
| NEM Newmont Corp. | Reduce -93.7% | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.0% | 0.02% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -3.9% | 0.09% | −0.01 |
| UL Unilever PLC | Sold out | 0.00% | −0.01 |
| MQ Marqeta Inc. | Sold out | 0.00% | −0.01 |
| SMCI Super Micro Computer Inc. | Reduce -23.8% | 0.01% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +0.7% | 1.95% | +0.35 |
| IEMG iShares Core MSCI Emerging | Add +6.0% | 3.89% | +0.31 |
| SHY iShares 1-3 Year Treasury Bo | Add +16.3% | 1.52% | +0.19 |
| GVI iShares Intermediate Governm | Add +5.0% | 3.14% | +0.10 |
| JQUA JPMorgan US Quality Factor | Add +2.6% | 5.61% | +0.08 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.07% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 0.25% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +7.7% | 0.19% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +240.5% | 0.05% | +0.03 |
| NUEM Nuveen ESG Emerging Markets | Add +2.2% | 0.57% | +0.03 |
| DIS The Walt Disney Co. | Add +136.7% | 0.06% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +52.1% | 0.06% | +0.02 |
| CVLC Calvert US L-C CR Resp Index | New | 0.02% | +0.02 |
| RELX Relx PLC - Spon ADR | New | 0.02% | +0.02 |
| ULS Ul Solutions Inc. Class A | New | 0.02% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +107.3% | 0.03% | +0.01 |
| PINS Pinterest Inc. Class A | Add +15.7% | 0.05% | +0.01 |
| SMR Nuscale Power Corp. | New | 0.01% | +0.01 |
| PFG Principal Financial Group | Add +2475.8% | 0.01% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +158.3% | 0.02% | +0.01 |
| FNCL Fidelity MSCI Financial Indx | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +14.7% | 0.04% | +0.01 |
| WAT Waters Corp. | Add +19900.0% | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +8.9% | 0.20% | +0.01 |
| TJX TJX Companies Inc. | Add +1.9% | 0.11% | +0.01 |
| GLD SPDR Gold Shares | New | 0.01% | +0.01 |
| FSTA Fidelity MSCI Cons Stap Indx | New | 0.01% | +0.01 |
| CL Colgate-Palmolive Co. | Add +0.1% | 0.12% | +0.01 |
| VZ Verizon Communications Inc. | Add +30.7% | 0.03% | +0.01 |
| CVIE Cal Intl Responsible Index | New | 0.01% | +0.01 |
| DDOG Datadog Inc. Class A | Add +0.1% | 0.17% | +0.01 |
| LLY Eli Lilly & Co. | Add +2.5% | 0.04% | +0.01 |
| NOW ServiceNow Inc. | Add +82.3% | 0.01% | +0.01 |
| T AT&T Inc. | Add +49.4% | 0.02% | +0.01 |
| NXT Nextpower Inc. | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | Add +0.3% | 0.04% | +0.01 |
| SHV iShares 0-1 Year Treasury Bo | Add +1.4% | 4.49% | +0.01 |
| MCD McDonald's Corp. | Add +27.4% | 0.04% | +0.00 |
| ALC Alcon Inc. | Add +29.1% | 0.02% | +0.00 |
| GLW Corning Inc. | Add +6.6% | 0.02% | +0.00 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.28% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +20.2% | 0.04% | +0.00 |
| REGN Regeneron Pharmaceuticals | Add +0.4% | 0.05% | +0.00 |
| XLK SS Technology Select Sector | Add +0.1% | 0.05% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +0.5% | 0.04% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +2.5% | 0.06% | +0.00 |
| QCOM Qualcomm Inc. | Add +1.0% | 0.02% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +16.4% | 0.02% | +0.00 |
| MO Altria Group Inc. | Add +0.2% | 0.09% | +0.00 |
| META Meta Platforms Inc. Class A | Add +0.7% | 0.09% | +0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | New | 10,000 | $87K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |