TFC Financial Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), TFC Financial Management, Inc. reported 978 stock positions worth $632.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 27.3% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 14.7%) and iShares 1-3 Year Treasury Bo (SHY, 11.2%). Compared with Q3 2024, it opened 40 new positions, sold out of 65, added to 142 and reduced 170. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +1%) and the biggest sale Dimensional US Marketwide Va (DFUV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $632.3M (Q4 2024)
- SEC Filing
- 0001398344-25-001389 ↗ filed Jan 29, 2025
Holdings Value
Holdings 978 stocks · $632.3M
| IVV iShares Core S&P 500 ETF | 27.33% | 293,515 | $172.8M | Add +0.8% |
| IDEV iShares Core MSCI Dev MKTS | 14.66% | 1,438,229 | $92.7M | Add +3.2% |
| SHY iShares 1-3 Year Treasury Bo | 11.17% | 861,377 | $70.6M | Add +4.8% |
| DFUV Dimensional US Marketwide Va | 6.19% | 957,036 | $39.2M | Reduce -1.1% |
| JQUA JPMorgan US Quality Factor | 5.75% | 634,416 | $36.3M | Add +2.7% |
| DFAT Dimensional US Target Value | 4.73% | 537,373 | $29.9M | Reduce -0.6% |
| IEMG iShares Core MSCI Emerging | 3.62% | 438,633 | $22.9M | Add +3.6% |
| AAPL Apple Inc. | 2.17% | 54,735 | $13.7M | Add +3.2% |
| BSV Vanguard Short-Term Bond ETF | 1.25% | 101,890 | $7.9M | Reduce -0.5% |
| JNJ Johnson & Johnson | 1.18% | 51,398 | $7.4M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.98% | 14,751 | $6.2M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 12,871 | $5.8M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 0.72% | 42,476 | $4.6M | Add +2.4% |
| ACN Accenture PLC Class A | 0.66% | 11,881 | $4.2M | Reduce -0.1% |
| NUEM Nuveen ESG Emerging Markets | 0.64% | 140,201 | $4.1M | Add +18.9% |
| MRK Merck & Co. Inc. | 0.62% | 39,338 | $3.9M | Reduce -4.0% |
| ONB Old National Bancorp | 0.59% | 172,060 | $3.7M | Reduce -5.1% |
| TSLA Tesla Inc. | 0.57% | 8,932 | $3.6M | Add +1.4% |
| BND Vanguard Total Bond Market | 0.57% | 49,910 | $3.6M | Add +1.3% |
| ITOT iShares Core S&P Total U.S. | 0.53% | 25,998 | $3.3M | Reduce -1.3% |
| NVDA Nvidia Corp. | 0.48% | 22,774 | $3.1M | Reduce -8.6% |
| AMZN Amazon.com Inc. | 0.46% | 13,319 | $2.9M | Add +2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 12,617 | $2.8M | Reduce -1.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.42% | 11,119 | $2.7M | Reduce -1.2% |
| JSTC Adasina Social Justice GLB | 0.42% | 145,328 | $2.7M | Add +4.8% |
| IWB iShares Russell 1000 ETF | 0.40% | 7,764 | $2.5M | Reduce -2.0% |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 10,742 | $1.9M | Reduce -0.4% |
| VXF Vanguard Extended Market ETF | 0.30% | 9,882 | $1.9M | Reduce -4.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.29% | 15,392 | $1.8M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 3,032 | $1.8M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.28% | 15,347 | $1.8M | Add +1.5% |
| JPM JPMorgan Chase & Co. | 0.25% | 6,703 | $1.6M | Add +46.7% |
| PG The Procter & Gamble Co. | 0.25% | 9,519 | $1.6M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 0.25% | 2,956 | $1.6M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.24% | 7,888 | $1.5M | Add +0.5% |
| PWRD TCW Transform Systems ETF | 0.22% | 19,176 | $1.4M | Reduce -0.4% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 6,111 | $1.3M | No change |
| GE General Electric filed as GE AEROSPACE | 0.20% | 7,411 | $1.2M | No change |
| VOO Vanguard S&P 500 ETF | 0.19% | 2,252 | $1.2M | Add +0.2% |
| EXPE Expedia Group Inc. | 0.19% | 6,479 | $1.2M | Reduce -1.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 16,723 | $1.2M | Add +8.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 4,131 | $1.1M | Add +0.3% |
| DDOG Datadog Inc. Class A | 0.17% | 7,549 | $1.1M | No change |
| IWF iShares Russell 1000 Growth | 0.16% | 2,578 | $1.0M | Add +0.0% |
| MMM 3M Co. | 0.15% | 7,410 | $957K | Add +1.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 3,501 | $944K | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 5,405 | $915K | Add +0.1% |
| DFAC Dimensional US Core Equity 2 | 0.14% | 25,890 | $896K | Add +0.3% |
| MUB iShares National Muni Bond E | 0.14% | 8,268 | $881K | New |
| SHOP Shopify Inc. Class A | 0.14% | 8,181 | $870K | No change |
| HD Home Depot Inc. | 0.14% | 2,235 | $870K | Reduce -5.5% |
| ABT Abbott Laboratories | 0.14% | 7,565 | $856K | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.13% | 4,476 | $852K | No change |
| WMT Walmart Inc. | 0.13% | 9,320 | $842K | Reduce -9.3% |
| COST Costco Wholesale Corp. | 0.13% | 908 | $832K | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.12% | 1,282 | $750K | Add +1.0% |
| ABBV Abbvie Inc. | 0.12% | 4,118 | $732K | Reduce -0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 5,911 | $714K | Reduce -1.2% |
| ISRG Intuitive Surgical Inc. | 0.11% | 1,317 | $687K | No change |
| ADP Automatic Data Processing | 0.10% | 2,238 | $655K | Reduce -1.5% |
| CL Colgate-Palmolive Co. | 0.10% | 6,859 | $624K | No change |
| FFIN First Finl Bankshares Inc. | 0.10% | 16,796 | $606K | Reduce -14.1% |
| GEV GE Vernova Inc. | 0.09% | 1,824 | $600K | No change |
| MO Altria Group Inc. | 0.09% | 10,848 | $567K | No change |
| GVI iShares Intermediate Governm | 0.09% | 5,212 | $543K | Reduce -61.7% |
| IWR iShares Russell Mid-Cap ETF | 0.08% | 6,000 | $530K | No change |
| MDLZ Mondelez International Inc. Class A | 0.08% | 8,684 | $519K | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.08% | 2,193 | $508K | Reduce -2.7% |
| EFA iShares MSCI Eafe ETF | 0.08% | 6,717 | $508K | No change |
| IQLT iShares MSCI International Q | 0.08% | 13,220 | $491K | Add +0.3% |
| CI The Cigna Group | 0.08% | 1,729 | $477K | No change |
| GPC Genuine Parts Co. | 0.08% | 4,066 | $475K | Add +0.3% |
| V Visa Inc. Class A | 0.07% | 1,453 | $459K | Reduce -10.1% |
| CRM Salesforce Inc. | 0.07% | 1,263 | $422K | Add +4.1% |
| AGG iShares Core U.S. Aggregate | 0.07% | 4,350 | $422K | New |
| CVNA Carvana Co. | 0.07% | 2,026 | $412K | Reduce -3.6% |
| LLY Eli Lilly & Co. | 0.07% | 532 | $411K | Add +52.0% |
| AMSC American Superconductor Corp. | 0.06% | 16,471 | $406K | No change |
| PM Philip Morris International | 0.06% | 3,364 | $405K | Add +0.5% |
| FTEC Fidelity MSCI Info Tech Indx | 0.06% | 2,183 | $404K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 3,427 | $382K | Add +0.2% |
| KKR KKR & Co. Inc. | 0.06% | 2,553 | $378K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.06% | 544 | $377K | No change |
| SYK Stryker Corp. | 0.06% | 1,028 | $370K | Reduce -6.7% |
| BNL Broadstone Net Lease Inc. | 0.06% | 23,253 | $369K | Reduce -9.4% |
| IJH iShares Core S&P Midcap ETF | 0.06% | 5,892 | $367K | Add +0.1% |
| CVX Chevron Corp. | 0.06% | 2,477 | $359K | Add +118.8% |
| MET Metlife Inc. | 0.06% | 4,283 | $351K | No change |
| TMUS T-Mobile US Inc. | 0.05% | 1,536 | $339K | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 0.05% | 656 | $332K | Reduce -3.4% |
| SPGI S&P Global Inc. | 0.05% | 652 | $325K | No change |
| GS Goldman Sachs Group Inc. | 0.05% | 566 | $324K | Add +0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.05% | 3,751 | $323K | Reduce -3.3% |
| LOW Lowe's Cos Inc. | 0.05% | 1,303 | $322K | Reduce -2.7% |
| DHR Danaher Corp. | 0.05% | 1,394 | $320K | Reduce -8.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 770 | $316K | No change |
| CTVA Corteva Inc. | 0.05% | 5,459 | $311K | No change |
| MCD McDonald's Corp. | 0.05% | 1,065 | $309K | Reduce -2.1% |
| IGM iShares Expanded Tech Sector | 0.05% | 3,000 | $306K | Reduce -6.5% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 6,815 | $300K | Add +4.3% |
Portfolio Sells Q3 2024 → Q4 2024
| DFUV Dimensional US Marketwide Va | Reduce -1.1% | 6.19% | −0.19 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.18% | −0.15 |
| GVI iShares Intermediate Governm | Reduce -61.7% | 0.09% | −0.14 |
| MRK Merck & Co. Inc. | Reduce -4.0% | 0.62% | −0.12 |
| MSFT Microsoft Corp. | Reduce -2.1% | 0.98% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.9% | 0.92% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -48.8% | 0.04% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.5% | 1.25% | −0.03 |
| ZTS Zoetis Inc. | Reduce -37.8% | 0.03% | −0.03 |
| DFAT Dimensional US Target Value | Reduce -0.6% | 4.73% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -3.3% | 0.05% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.0% | 0.08% | −0.02 |
| PFE Pfizer Inc. | Reduce -36.5% | 0.03% | −0.02 |
| FFIN First Finl Bankshares Inc. | Reduce -14.1% | 0.10% | −0.02 |
| BNL Broadstone Net Lease Inc. | Reduce -9.4% | 0.06% | −0.02 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Reduce -8.5% | 0.05% | −0.02 |
| DEEF Xtrack Ftse Dev Ex US Multi | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -5.5% | 0.14% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.01 |
| NULV Nuveen ESG Large-Cap Val ETF | Sold out | 0.00% | −0.01 |
| ABBV Abbvie Inc. | Reduce -0.6% | 0.12% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.25% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -9.2% | 0.04% | −0.01 |
| PEP Pepsico Inc. | Reduce -12.0% | 0.04% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.01 |
| VFMO Vanguard US Momentum Factor | Sold out | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.4% | 0.05% | −0.01 |
| DOW Dow Inc. | Reduce -0.1% | 0.02% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -86.4% | 0.00% | −0.01 |
| ROK Rockwell Automation Inc. | Reduce -30.1% | 0.02% | −0.01 |
| ITW Illinois Tool Works | Reduce -29.8% | 0.02% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.2% | 0.44% | −0.01 |
| TDG Transdigm Group Inc. | Reduce -32.9% | 0.01% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.0% | 0.03% | −0.01 |
| AMD Advanced Micro Devices | Reduce -40.4% | 0.01% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -2.7% | 0.05% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -3.1% | 0.04% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -0.6% | 0.03% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.01 |
| WMS Advanced Drainage Systems Inc. | Reduce -50.0% | 0.00% | −0.01 |
| BNDW Vanguard Total World Bond Et | Sold out | 0.00% | −0.01 |
| STT State Street Corp. | Reduce -25.8% | 0.02% | −0.01 |
| WM Waste Management Inc. | Reduce -8.7% | 0.04% | −0.01 |
| PWRD TCW Transform Systems ETF | Reduce -0.4% | 0.22% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.2% | 0.04% | −0.01 |
| ADBE Adobe Inc. | Reduce -4.0% | 0.02% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -86.2% | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -9.4% | 0.03% | −0.00 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| IVV iShares Core S&P 500 ETF | Add +0.8% | 27.33% | +0.75 |
| SHY iShares 1-3 Year Treasury Bo | Add +4.8% | 11.17% | +0.36 |
| JQUA JPMorgan US Quality Factor | Add +2.7% | 5.75% | +0.22 |
| AAPL Apple Inc. | Add +3.2% | 2.17% | +0.21 |
| TSLA Tesla Inc. | Add +1.4% | 0.57% | +0.21 |
| MUB iShares National Muni Bond E | New | 0.14% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +46.7% | 0.25% | +0.10 |
| AMZN Amazon.com Inc. | Add +2.0% | 0.46% | +0.08 |
| AGG iShares Core U.S. Aggregate | New | 0.07% | +0.07 |
| NUEM Nuveen ESG Emerging Markets | Add +18.9% | 0.64% | +0.06 |
| CVX Chevron Corp. | Add +118.8% | 0.06% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.24% | +0.03 |
| IWV iShares Russell 3000 ETF | New | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | Add +42.8% | 0.04% | +0.02 |
| LLY Eli Lilly & Co. | Add +52.0% | 0.07% | +0.02 |
| CRM Salesforce Inc. | Add +4.1% | 0.07% | +0.01 |
| SUB iShares Short-Term National | New | 0.01% | +0.01 |
| RTX RTX Corp. | Add +59.6% | 0.04% | +0.01 |
| CVLC Calvert US L-C CR Resp Index | Add +70.4% | 0.03% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +0.0% | 0.16% | +0.01 |
| PSX Phillips 66 | Add +266.1% | 0.01% | +0.01 |
| DIS The Walt Disney Co. | Add +0.2% | 0.06% | +0.01 |
| JSTC Adasina Social Justice GLB | Add +4.8% | 0.42% | +0.01 |
| CVLT Commvault Systems Inc. | Add +294.1% | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.3% | 0.05% | +0.01 |
| SMR Nuscale Power Corp. | Add +1.5% | 0.02% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.28% | +0.01 |
| T AT&T Inc. | Add +44.8% | 0.02% | +0.01 |
| CVIE Cal Intl Responsible Index | Add +107.4% | 0.01% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +20.7% | 0.02% | +0.00 |
| BP BP PLC-Spons ADR | Add +1754.4% | 0.00% | +0.00 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.13% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 0.19% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.5% | 0.15% | +0.00 |
| META Meta Platforms Inc. Class A | Add +1.0% | 0.12% | +0.00 |
| ORCL Oracle Corp. | Add +129.0% | 0.01% | +0.00 |
| APP AppLovin Corp. Class A | Add +26.5% | 0.00% | +0.00 |
| BSX Boston Scientific Corp. | Add +308.8% | 0.00% | +0.00 |
| MU Micron Technology Inc. | Add +733.3% | 0.00% | +0.00 |
| CME Cme Group Inc. | Add +8.4% | 0.02% | +0.00 |
| AMP Ameriprise Financial Inc. | Add +254.6% | 0.00% | +0.00 |
| CVSB Calvert Ult-SHRT Inv GRD ETF | New | 0.00% | +0.00 |
| NUBD Nuveen ESG US Aggregate Bond | New | 0.00% | +0.00 |
| CRDO Credo Technology Group Holdi | Add +73.8% | 0.00% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +0.9% | 0.02% | +0.00 |
| GLW Corning Inc. | Add +3.8% | 0.02% | +0.00 |
| JXN Jackson Financial Inc. Class A | New | 0.00% | +0.00 |
| AIG American International Group | Add +727.3% | 0.00% | +0.00 |
| SYF Synchrony Financial | Add +5666.7% | 0.00% | +0.00 |
| ETN Eaton Corp. PLC | Add +4.7% | 0.04% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | Sold out | 6,181 | $43Kbefore exit |
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 |