TFC Financial Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), TFC Financial Management, Inc. reported 1,003 stock positions worth $632.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 26.6% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 15.6%) and iShares 1-3 Year Treasury Bo (SHY, 10.8%). Compared with Q2 2024, it opened 150 new positions, sold out of 115, added to 226 and reduced 126. The biggest buy was iShares 1-3 Year Treasury Bo (SHY, shares +673%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $632.2M (Q3 2024)
- SEC Filing
- 0001398344-24-019371 ↗ filed Oct 25, 2024
Holdings Value
Holdings 1,003 stocks · $632.2M
| IVV iShares Core S&P 500 ETF | 26.58% | 291,286 | $168.0M | Reduce -0.4% |
| IDEV iShares Core MSCI Dev MKTS | 15.62% | 1,393,892 | $98.7M | Add +0.8% |
| SHY iShares 1-3 Year Treasury Bo | 10.81% | 821,921 | $68.3M | Add +673.4% |
| DFUV Dimensional US Marketwide Va | 6.38% | 967,703 | $40.3M | Reduce -1.2% |
| JQUA JPMorgan US Quality Factor | 5.53% | 617,946 | $35.0M | Add +2.3% |
| DFAT Dimensional US Target Value | 4.76% | 540,537 | $30.1M | Add +0.3% |
| IEMG iShares Core MSCI Emerging | 3.85% | 423,509 | $24.3M | Add +2.2% |
| AAPL Apple Inc. | 1.95% | 53,030 | $12.4M | Add +0.2% |
| JNJ Johnson & Johnson | 1.32% | 51,520 | $8.3M | Reduce -0.5% |
| BSV Vanguard Short-Term Bond ETF | 1.27% | 102,377 | $8.1M | Add +86.0% |
| MSFT Microsoft Corp. | 1.03% | 15,074 | $6.5M | Add +5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 13,259 | $6.1M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.77% | 41,485 | $4.9M | Add +3.1% |
| MRK Merck & Co. Inc. | 0.74% | 40,955 | $4.7M | Add +1.5% |
| ACN Accenture PLC Class A | 0.67% | 11,896 | $4.2M | Add +0.2% |
| BND Vanguard Total Bond Market | 0.59% | 49,270 | $3.7M | Add +120.5% |
| NUEM Nuveen ESG Emerging Markets | 0.58% | 117,950 | $3.7M | Add +4.2% |
| ONB Old National Bancorp | 0.54% | 181,350 | $3.4M | Reduce -11.6% |
| ITOT iShares Core S&P Total U.S. | 0.52% | 26,350 | $3.3M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.48% | 24,926 | $3.0M | Add +11.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 12,772 | $2.8M | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.42% | 11,250 | $2.7M | Reduce -1.2% |
| JSTC Adasina Social Justice GLB | 0.41% | 138,740 | $2.6M | Add +7.2% |
| IWB iShares Russell 1000 ETF | 0.39% | 7,924 | $2.5M | Add +4.7% |
| AMZN Amazon.com Inc. | 0.38% | 13,058 | $2.4M | Add +8.9% |
| TSLA Tesla Inc. | 0.36% | 8,809 | $2.3M | Add +1.0% |
| QUAL iShares MSCI USA Quality Fac | 0.31% | 10,788 | $1.9M | Reduce -1.1% |
| VXF Vanguard Extended Market ETF | 0.30% | 10,381 | $1.9M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.28% | 15,116 | $1.8M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 3,028 | $1.7M | Add +0.1% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.27% | 15,392 | $1.7M | No change |
| PG The Procter & Gamble Co. | 0.27% | 9,691 | $1.7M | Add +1.6% |
| MA Mastercard Inc. Class A | 0.23% | 2,992 | $1.5M | Add +1.1% |
| GVI iShares Intermediate Governm | 0.23% | 13,606 | $1.5M | Reduce -92.1% |
| LHX L3HARRIS Technologies Inc. | 0.23% | 6,111 | $1.5M | Add +0.0% |
| PWRD TCW Transform Systems ETF | 0.23% | 19,257 | $1.4M | Reduce -26.4% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 7,411 | $1.4M | No change |
| GOOGL Alphabet Inc. Class A | 0.21% | 7,847 | $1.3M | Add +1.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 15,363 | $1.2M | No change |
| VOO Vanguard S&P 500 ETF | 0.19% | 2,248 | $1.2M | Reduce -6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 4,119 | $1.1M | Reduce -0.1% |
| MMM 3M Co. | 0.16% | 7,328 | $1.0M | Reduce -0.4% |
| EXPE Expedia Group Inc. | 0.15% | 6,555 | $970K | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 0.15% | 2,577 | $968K | No change |
| JPM JPMorgan Chase & Co. | 0.15% | 4,570 | $964K | Add +3.1% |
| HD Home Depot Inc. | 0.15% | 2,364 | $958K | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.15% | 5,401 | $943K | Add +0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 3,485 | $918K | Add +0.2% |
| DFAC Dimensional US Core Equity 2 | 0.14% | 25,826 | $886K | Add +12.3% |
| ABT Abbott Laboratories | 0.14% | 7,648 | $872K | Reduce -1.2% |
| DDOG Datadog Inc. Class A | 0.14% | 7,549 | $869K | Reduce -0.1% |
| WMT Walmart Inc. | 0.13% | 10,279 | $830K | Add +14.4% |
| ABBV Abbvie Inc. | 0.13% | 4,142 | $818K | Reduce -5.2% |
| COST Costco Wholesale Corp. | 0.13% | 907 | $804K | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 0.12% | 4,476 | $748K | Reduce -22.7% |
| META Meta Platforms Inc. Class A | 0.11% | 1,269 | $726K | Add +24.3% |
| FFIN First Finl Bankshares Inc. | 0.11% | 19,561 | $724K | No change |
| CL Colgate-Palmolive Co. | 0.11% | 6,859 | $712K | Reduce -0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 5,981 | $703K | Add +0.8% |
| SHOP Shopify Inc. Class A | 0.10% | 8,181 | $656K | No change |
| MDLZ Mondelez International Inc. Class A | 0.10% | 8,861 | $653K | Add +7.2% |
| ISRG Intuitive Surgical Inc. | 0.10% | 1,317 | $647K | No change |
| ADP Automatic Data Processing | 0.10% | 2,273 | $629K | Reduce -1.7% |
| CI The Cigna Group | 0.09% | 1,729 | $599K | Reduce -0.8% |
| GPC Genuine Parts Co. | 0.09% | 4,053 | $566K | No change |
| EFA iShares MSCI Eafe ETF | 0.09% | 6,717 | $562K | No change |
| MO Altria Group Inc. | 0.09% | 10,848 | $554K | No change |
| IQLT iShares MSCI International Q | 0.09% | 13,174 | $547K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.08% | 6,000 | $529K | No change |
| BNL Broadstone Net Lease Inc. | 0.08% | 25,667 | $486K | Add +1.7% |
| GEV GE Vernova Inc. | 0.07% | 1,824 | $465K | Reduce -0.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.07% | 3,880 | $462K | Add +0.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.07% | 544 | $453K | No change |
| V Visa Inc. Class A | 0.07% | 1,616 | $444K | Add +33.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.07% | 3,951 | $437K | Reduce -98.3% |
| DHR Danaher Corp. | 0.07% | 1,524 | $424K | Add +21.2% |
| PM Philip Morris International | 0.06% | 3,348 | $406K | Add +3.8% |
| SYK Stryker Corp. | 0.06% | 1,102 | $398K | Add +2.4% |
| UNH Unitedhealth Group Inc. | 0.06% | 679 | $397K | Add +8.1% |
| AMSC American Superconductor Corp. | 0.06% | 16,471 | $389K | No change |
| AVGO Broadcom Inc. | 0.06% | 2,253 | $389K | Add +69.4% |
| ZTS Zoetis Inc. | 0.06% | 1,960 | $383K | Add +8.9% |
| FTEC Fidelity MSCI Info Tech Indx | 0.06% | 2,183 | $381K | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 0.06% | 5,889 | $367K | Add +0.1% |
| CVNA Carvana Co. | 0.06% | 2,101 | $366K | No change |
| LOW Lowe's Cos Inc. | 0.06% | 1,339 | $363K | Add +24.0% |
| MET Metlife Inc. | 0.06% | 4,283 | $353K | No change |
| NEE Nextera Energy Inc. | 0.06% | 4,122 | $348K | Add +44.7% |
| SPGI S&P Global Inc. | 0.05% | 652 | $337K | Add +3.2% |
| KKR KKR & Co. Inc. | 0.05% | 2,553 | $333K | Add +0.1% |
| CRM Salesforce Inc. | 0.05% | 1,213 | $332K | Add +38.1% |
| MCD McDonald's Corp. | 0.05% | 1,088 | $331K | Add +19.8% |
| DD Dupont DE Nemours Inc. | 0.05% | 3,710 | $331K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 3,421 | $329K | Add +0.3% |
| KO The Coca-Cola Co. | 0.05% | 4,577 | $329K | Add +3.9% |
| PEP Pepsico Inc. | 0.05% | 1,904 | $324K | Add +6.8% |
| CTVA Corteva Inc. | 0.05% | 5,459 | $321K | No change |
| TMUS T-Mobile US Inc. | 0.05% | 1,543 | $318K | Add +4.0% |
| CARR Carrier Global Corp. | 0.05% | 3,902 | $314K | Add +4.4% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 6,535 | $313K | Reduce -8.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $43K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 6,181 | $43K | Reduce -38.2% |
Total filed on the 13F, all lines: $632.2M.
Portfolio Sells Q2 2024 → Q3 2024
| SHV iShares 0-1 Year Treasury Bo | Reduce -98.3% | 0.07% | −4.42 |
| GVI iShares Intermediate Governm | Reduce -92.1% | 0.23% | −2.91 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 26.58% | −1.50 |
| DFUV Dimensional US Marketwide Va | Reduce -1.2% | 6.38% | −0.36 |
| GNSS Genasys Inc. | Sold out | 0.00% | −0.22 |
| PWRD TCW Transform Systems ETF | Reduce -26.4% | 0.23% | −0.09 |
| ONB Old National Bancorp | Reduce -11.6% | 0.54% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -22.7% | 0.12% | −0.07 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.05 |
| DDOG Datadog Inc. Class A | Reduce -0.1% | 0.14% | −0.03 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.2% | 0.52% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -6.3% | 0.19% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -1.1% | 0.31% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -95.7% | 0.00% | −0.02 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.02 |
| INTC Intel Corp. | Reduce -14.3% | 0.02% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.2% | 0.42% | −0.01 |
| ODD Oddity Tech Ltd. Class A | Sold out | 0.00% | −0.01 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -38.8% | 0.02% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.13% | −0.01 |
| RTX RTX Corp. | Reduce -35.4% | 0.02% | −0.01 |
| NTRS Northern Trust Corp. | Reduce -99.8% | 0.00% | −0.01 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.01 |
| MTTR Matterport Inc. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -23.0% | 0.02% | −0.01 |
| BA The Boeing Co. | Reduce -9.2% | 0.02% | −0.01 |
| JNJ Johnson & Johnson | Reduce -0.5% | 1.32% | −0.01 |
| CI The Cigna Group | Reduce -0.8% | 0.09% | −0.01 |
| SYM Symbotic Inc. | Reduce -72.7% | 0.00% | −0.01 |
| FUL H.B. Fuller Co. | Reduce -3.5% | 0.05% | −0.01 |
| PGNY Progyny Inc. | Sold out | 0.00% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -8.8% | 0.05% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.3% | 0.04% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -85.0% | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -1.7% | 0.02% | −0.01 |
| COP Conocophillips | Reduce -13.6% | 0.01% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -8.4% | 0.04% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.0% | 0.11% | −0.00 |
| T AT&T Inc. | Reduce -26.2% | 0.01% | −0.00 |
| EMR Emerson Electric Co. | Reduce -0.2% | 0.03% | −0.00 |
| ABT Abbott Laboratories | Reduce -1.2% | 0.14% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -96.2% | 0.00% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 0.17% | −0.00 |
| WMS Advanced Drainage Systems Inc. | Reduce -15.8% | 0.01% | −0.00 |
| DOW Dow Inc. | Reduce -0.5% | 0.03% | −0.00 |
| UPS United Parcel Service Class B | Reduce -6.7% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Reduce -5.2% | 0.13% | −0.00 |
| PR Permian Resources Corp. Class A | Reduce -99.2% | 0.00% | −0.00 |
| F Ford Motor Co. | Reduce -2.9% | 0.01% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| SHY iShares 1-3 Year Treasury Bo | Add +673.4% | 10.81% | +9.29 |
| BSV Vanguard Short-Term Bond ETF | Add +86.0% | 1.27% | +0.53 |
| BND Vanguard Total Bond Market | Add +120.5% | 0.59% | +0.30 |
| TSLA Tesla Inc. | Add +1.0% | 0.36% | +0.06 |
| SDY SS SPDR S&P Dividend ETF | New | 0.04% | +0.04 |
| ACN Accenture PLC Class A | Add +0.2% | 0.67% | +0.03 |
| QUS SS SPDR MSCI U Stratfact ETF | New | 0.03% | +0.03 |
| SPG Simon Property Group Inc. | Add +9518.2% | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | Add +24.3% | 0.11% | +0.02 |
| WMT Walmart Inc. | Add +14.4% | 0.13% | +0.02 |
| AVGO Broadcom Inc. | Add +69.4% | 0.06% | +0.02 |
| JSTC Adasina Social Justice GLB | Add +7.2% | 0.41% | +0.02 |
| VFMF Vanguard US Multifactor ETF | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | Add +44.7% | 0.06% | +0.02 |
| AXP American Express Co. | Add +70.0% | 0.04% | +0.02 |
| AVUS Avantis U.S. Equity ETF | New | 0.02% | +0.02 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | New | 0.02% | +0.02 |
| LOW Lowe's Cos Inc. | Add +24.0% | 0.06% | +0.02 |
| DEEF Xtrack Ftse Dev Ex US Multi | New | 0.02% | +0.02 |
| V Visa Inc. Class A | Add +33.1% | 0.07% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.01% | +0.01 |
| NULV Nuveen ESG Large-Cap Val ETF | New | 0.01% | +0.01 |
| AVEM Avantis Emerging Markets Eq | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +100.0% | 0.03% | +0.01 |
| CRM Salesforce Inc. | Add +38.1% | 0.05% | +0.01 |
| LIN Linde PLC | Add +203.6% | 0.02% | +0.01 |
| ETN Eaton Corp. PLC | Add +56.4% | 0.04% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +572.5% | 0.01% | +0.01 |
| DHR Danaher Corp. | Add +21.2% | 0.07% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +8433.3% | 0.01% | +0.01 |
| MCD McDonald's Corp. | Add +19.8% | 0.05% | +0.01 |
| HD Home Depot Inc. | Add +1.4% | 0.15% | +0.01 |
| G Genpact Ltd. | New | 0.01% | +0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.01% | +0.01 |
| VFMO Vanguard US Momentum Factor | New | 0.01% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +278.2% | 0.01% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +12.3% | 0.14% | +0.01 |
| NUEM Nuveen ESG Emerging Markets | Add +4.2% | 0.58% | +0.01 |
| ECL Ecolab Inc. | Add +531.1% | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +40.6% | 0.05% | +0.01 |
| BAC Bank of America Corp. | Add +99.9% | 0.02% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +7.2% | 0.10% | +0.01 |
| CARR Carrier Global Corp. | Add +4.4% | 0.05% | +0.01 |
| PLD Prologis Inc. | Add +64.3% | 0.02% | +0.01 |
| ANET Arista Networks Inc. | Add +51.4% | 0.02% | +0.01 |
| SMH Vaneck Semiconductor ETF | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +40.2% | 0.03% | +0.01 |
| PM Philip Morris International | Add +3.8% | 0.06% | +0.01 |
| PGR Progressive Corp. | Add +640.7% | 0.01% | +0.01 |
| A Agilent Technologies Inc. | Add +1039.3% | 0.01% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | Reduce -38.2% | 6,181 | $43K |
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 |