TFC Financial Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), TFC Financial Management, Inc. reported 958 stock positions worth $653.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 25.3% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 14.9%) and iShares 1-3 Year Treasury Bo (SHY, 11.2%). Compared with Q4 2024, it opened 88 new positions, sold out of 110, added to 145 and reduced 191. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +74%) and the biggest sale Dimensional US Target Value (DFAT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $653.2M (Q1 2025)
- SEC Filing
- 0001398344-25-007601 ↗ filed Apr 24, 2025
Holdings Value
Holdings 958 stocks · $653.2M
| IVV iShares Core S&P 500 ETF | 25.27% | 293,757 | $165.1M | Add +0.1% |
| IDEV iShares Core MSCI Dev MKTS | 14.94% | 1,416,233 | $97.6M | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 11.15% | 880,742 | $72.9M | Add +2.3% |
| IEMG iShares Core MSCI Emerging | 6.29% | 761,659 | $41.1M | Add +73.6% |
| DFUV Dimensional US Marketwide Va | 5.94% | 942,242 | $38.8M | Reduce -1.6% |
| JQUA JPMorgan US Quality Factor | 5.65% | 654,118 | $36.9M | Add +3.1% |
| DFAT Dimensional US Target Value | 4.16% | 527,987 | $27.2M | Reduce -1.8% |
| AAPL Apple Inc. | 1.62% | 47,585 | $10.6M | Reduce -13.1% |
| JNJ Johnson & Johnson | 1.29% | 50,896 | $8.4M | Reduce -1.0% |
| NUEM Nuveen ESG Emerging Markets | 1.26% | 282,130 | $8.3M | Add +101.2% |
| BSV Vanguard Short-Term Bond ETF | 1.25% | 104,257 | $8.2M | Add +2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 13,834 | $7.4M | Add +7.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.11% | 28,162 | $7.2M | Add +704.4% |
| MSFT Microsoft Corp. | 0.87% | 15,100 | $5.7M | Add +2.4% |
| XOM Exxon Mobil Corp. | 0.76% | 41,955 | $5.0M | Reduce -1.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.61% | 5 | $4.0M | New |
| BND Vanguard Total Bond Market | 0.60% | 53,553 | $3.9M | Add +7.3% |
| ACN Accenture PLC Class A | 0.57% | 11,889 | $3.7M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.54% | 39,024 | $3.5M | Reduce -0.8% |
| ONB Old National Bancorp | 0.50% | 153,400 | $3.3M | Reduce -10.8% |
| ITOT iShares Core S&P Total U.S. | 0.48% | 25,937 | $3.2M | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.48% | 12,617 | $3.1M | No change |
| AMZN Amazon.com Inc. | 0.38% | 13,135 | $2.5M | Reduce -1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.38% | 11,079 | $2.5M | Reduce -0.4% |
| IWB iShares Russell 1000 ETF | 0.36% | 7,764 | $2.4M | No change |
| JSTC Adasina Social Justice GLB | 0.34% | 121,437 | $2.2M | Reduce -16.4% |
| TSLA Tesla Inc. | 0.32% | 8,140 | $2.1M | Reduce -8.9% |
| NVDA Nvidia Corp. | 0.32% | 19,097 | $2.1M | Reduce -16.1% |
| QUAL iShares MSCI USA Quality Fac | 0.28% | 10,529 | $1.8M | Reduce -2.0% |
| VXF Vanguard Extended Market ETF | 0.26% | 9,890 | $1.7M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.25% | 6,624 | $1.6M | Reduce -1.2% |
| MA Mastercard Inc. Class A | 0.25% | 2,953 | $1.6M | Reduce -0.1% |
| IJR iShares Core S&P Small-Cap E | 0.25% | 15,352 | $1.6M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 2,837 | $1.6M | Reduce -6.4% |
| PG The Procter & Gamble Co. | 0.23% | 8,772 | $1.5M | Reduce -7.8% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 7,411 | $1.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.21% | 8,919 | $1.4M | Add +13.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 17,073 | $1.3M | Add +2.1% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 6,110 | $1.3M | Reduce -0.0% |
| PWRD TCW Transform Systems ETF | 0.19% | 17,596 | $1.2M | Reduce -8.2% |
| VOO Vanguard S&P 500 ETF | 0.18% | 2,254 | $1.2M | Add +0.1% |
| EXPE Expedia Group Inc. | 0.17% | 6,479 | $1.1M | No change |
| MMM 3M Co. | 0.17% | 7,410 | $1.1M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.16% | 4,145 | $1.1M | Add +0.3% |
| ABT Abbott Laboratories | 0.15% | 7,441 | $987K | Reduce -1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 5,409 | $934K | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.14% | 2,475 | $894K | Reduce -4.0% |
| ABBV Abbvie Inc. | 0.13% | 4,118 | $863K | No change |
| DFAC Dimensional US Core Equity 2 | 0.13% | 25,946 | $856K | Add +0.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.13% | 15,000 | $821K | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.12% | 855 | $809K | Reduce -5.8% |
| SHOP Shopify Inc. Class A | 0.12% | 8,181 | $781K | No change |
| WMT Walmart Inc. | 0.12% | 8,847 | $777K | Reduce -5.1% |
| DDOG Datadog Inc. Class A | 0.11% | 7,549 | $749K | No change |
| META Meta Platforms Inc. Class A | 0.11% | 1,294 | $746K | Add +0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 6,112 | $744K | Add +3.4% |
| HD Home Depot Inc. | 0.11% | 1,923 | $705K | Reduce -14.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 2,549 | $700K | Add +220.2% |
| GOOG Alphabet Inc. Class C | 0.10% | 4,291 | $670K | Reduce -4.1% |
| ADP Automatic Data Processing | 0.10% | 2,148 | $656K | Reduce -4.0% |
| ISRG Intuitive Surgical Inc. | 0.10% | 1,317 | $652K | No change |
| MO Altria Group Inc. | 0.10% | 10,846 | $651K | Reduce -0.0% |
| CL Colgate-Palmolive Co. | 0.09% | 6,459 | $605K | Reduce -5.8% |
| CI The Cigna Group | 0.09% | 1,729 | $569K | No change |
| MDLZ Mondelez International Inc. Class A | 0.09% | 8,190 | $556K | Reduce -5.7% |
| GEV GE Vernova Inc. | 0.08% | 1,809 | $552K | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.08% | 6,717 | $549K | No change |
| PM Philip Morris International | 0.08% | 3,381 | $537K | Add +0.5% |
| V Visa Inc. Class A | 0.08% | 1,513 | $530K | Add +4.1% |
| FFIN First Finl Bankshares Inc. | 0.08% | 13,735 | $493K | Reduce -18.2% |
| GPC Genuine Parts Co. | 0.07% | 4,060 | $484K | Reduce -0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 5,605 | $477K | Reduce -6.6% |
| DVY iShares Select Dividend ETF | 0.07% | 3,487 | $468K | Add +2464.0% |
| DHS Wisdomtree US High Dividend | 0.07% | 4,630 | $459K | New |
| IQLT iShares MSCI International Q | 0.07% | 11,345 | $450K | Reduce -14.2% |
| LLY Eli Lilly & Co. | 0.06% | 509 | $420K | Reduce -4.3% |
| CVX Chevron Corp. | 0.06% | 2,502 | $419K | Add +1.0% |
| BNL Broadstone Net Lease Inc. | 0.06% | 23,680 | $404K | Add +1.8% |
| CVNA Carvana Co. | 0.06% | 1,926 | $403K | Reduce -4.9% |
| AVGO Broadcom Inc. | 0.06% | 2,254 | $377K | Add +2.8% |
| CRM Salesforce Inc. | 0.06% | 1,390 | $373K | Add +10.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.06% | 544 | $360K | No change |
| TMUS T-Mobile US Inc. | 0.05% | 1,291 | $344K | Reduce -15.9% |
| IJH iShares Core S&P Midcap ETF | 0.05% | 5,894 | $344K | Add +0.0% |
| MET Metlife Inc. | 0.05% | 4,283 | $344K | No change |
| CTVA Corteva Inc. | 0.05% | 5,459 | $344K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 3,429 | $338K | Add +0.1% |
| WM Waste Management Inc. | 0.05% | 1,443 | $334K | Add +12.9% |
| FTEC Fidelity MSCI Info Tech Indx | 0.05% | 2,038 | $329K | Reduce -6.6% |
| GS Goldman Sachs Group Inc. | 0.05% | 569 | $311K | Add +0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.05% | 6,815 | $308K | No change |
| SPGI S&P Global Inc. | 0.05% | 602 | $306K | Reduce -7.7% |
| IDV iShares International Select | 0.05% | 9,860 | $306K | Add +378.6% |
| LOW Lowe's Cos Inc. | 0.05% | 1,303 | $304K | No change |
| UNH Unitedhealth Group Inc. | 0.05% | 580 | $304K | Reduce -11.6% |
| AMSC American Superconductor Corp. | 0.05% | 16,731 | $304K | Add +1.6% |
| KO The Coca-Cola Co. | 0.05% | 4,144 | $297K | Reduce -9.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 770 | $286K | No change |
| KKR KKR & Co. Inc. | 0.04% | 2,389 | $276K | Reduce -6.4% |
| IGM iShares Expanded Tech Sector | 0.04% | 3,000 | $272K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| DFAT Dimensional US Target Value | Reduce -1.8% | 4.16% | −0.57 |
| AAPL Apple Inc. | Reduce -13.1% | 1.62% | −0.55 |
| DFUV Dimensional US Marketwide Va | Reduce -1.6% | 5.94% | −0.25 |
| TSLA Tesla Inc. | Reduce -8.9% | 0.32% | −0.25 |
| NVDA Nvidia Corp. | Reduce -16.1% | 0.32% | −0.17 |
| TTD Trade Desk Inc./the Class A | Reduce -2.5% | 0.13% | −0.16 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.14 |
| ONB Old National Bancorp | Reduce -10.8% | 0.50% | −0.09 |
| JSTC Adasina Social Justice GLB | Reduce -16.4% | 0.34% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -0.8% | 0.54% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 0.38% | −0.08 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.4% | 0.38% | −0.05 |
| GVI iShares Intermediate Governm | Reduce -52.5% | 0.04% | −0.05 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.2% | 0.48% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.4% | 0.24% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -4.1% | 0.10% | −0.03 |
| PWRD TCW Transform Systems ETF | Reduce -8.2% | 0.19% | −0.03 |
| HD Home Depot Inc. | Reduce -14.0% | 0.11% | −0.03 |
| SYK Stryker Corp. | Reduce -46.5% | 0.03% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.0% | 0.28% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -4.0% | 0.14% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -7.8% | 0.23% | −0.02 |
| DHR Danaher Corp. | Reduce -37.8% | 0.03% | −0.02 |
| SOFI Sofi Technologies Inc. | Reduce -96.7% | 0.00% | −0.02 |
| FFIN First Finl Bankshares Inc. | Reduce -18.2% | 0.08% | −0.02 |
| KKR KKR & Co. Inc. | Reduce -6.4% | 0.04% | −0.02 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -40.4% | 0.02% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -39.6% | 0.02% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -11.4% | 0.04% | −0.02 |
| ADBE Adobe Inc. | Reduce -59.2% | 0.01% | −0.02 |
| PEP Pepsico Inc. | Reduce -34.8% | 0.03% | −0.02 |
| TER Teradyne Inc. | Reduce -99.9% | 0.00% | −0.02 |
| WMT Walmart Inc. | Reduce -5.1% | 0.12% | −0.01 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -6.6% | 0.05% | −0.01 |
| PUBM Pubmatic Inc. Class A | Sold out | 0.00% | −0.01 |
| SUB iShares Short-Term National | Sold out | 0.00% | −0.01 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -10.5% | 0.03% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -25.7% | 0.02% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -6.6% | 0.07% | −0.01 |
| DOW Dow Inc. | Reduce -32.4% | 0.01% | −0.01 |
| SMR Nuscale Power Corp. | Reduce -42.7% | 0.01% | −0.01 |
| GEV GE Vernova Inc. | Reduce -0.8% | 0.08% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Reduce -17.6% | 0.01% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.3% | 0.02% | −0.01 |
| MCD McDonald's Corp. | Reduce -21.4% | 0.04% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -14.2% | 0.07% | −0.01 |
| PFE Pfizer Inc. | Reduce -26.0% | 0.02% | −0.01 |
| AXP American Express Co. | Reduce -8.0% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IEMG iShares Core MSCI Emerging | Add +73.6% | 6.29% | +2.67 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +704.4% | 1.11% | +0.96 |
| NUEM Nuveen ESG Emerging Markets | Add +101.2% | 1.26% | +0.62 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.61% | +0.61 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.5% | 1.13% | +0.21 |
| VTI VG Morningstar TS MKT ETF-US | Add +220.2% | 0.11% | +0.07 |
| DHS Wisdomtree US High Dividend | New | 0.07% | +0.07 |
| DVY iShares Select Dividend ETF | Add +2464.0% | 0.07% | +0.07 |
| IDV iShares International Select | Add +378.6% | 0.05% | +0.04 |
| BND Vanguard Total Bond Market | Add +7.3% | 0.60% | +0.03 |
| SHLD Global X Defense Tech ETF | New | 0.02% | +0.02 |
| MS Morgan Stanley | Add +351.4% | 0.03% | +0.02 |
| CHD Church & Dwight Co. Inc. | Add +4322.2% | 0.02% | +0.02 |
| PM Philip Morris International | Add +0.5% | 0.08% | +0.02 |
| PHO Invesco Water Resources ETF | New | 0.02% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.02% | +0.02 |
| ETHO Amplify Etho Climate Leaders | New | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.1% | 0.20% | +0.01 |
| EUAD Select Stoxx Eur Aer DE ETF | New | 0.01% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | New | 0.01% | +0.01 |
| WM Waste Management Inc. | Add +12.9% | 0.05% | +0.01 |
| ABNB Airbnb Inc. Class A | Add +1126.7% | 0.01% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +4.1% | 0.08% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +1816.7% | 0.01% | +0.01 |
| DEM Wisdomtree Emerging Markets | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +1.0% | 0.06% | +0.01 |
| GPN Global Payments Inc. | Add +9580.0% | 0.01% | +0.01 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.01% | +0.01 |
| DVYE iShares Emerging Markets Div | Add +179.4% | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | Add +110.7% | 0.01% | +0.01 |
| GRMN Garmin Ltd. | Add +1633.3% | 0.01% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +32.9% | 0.02% | +0.00 |
| KVYO Klaviyo Inc. Class A | New | 0.00% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +2.3% | 1.25% | +0.00 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.00% | +0.00 |
| BNL Broadstone Net Lease Inc. | Add +1.8% | 0.06% | +0.00 |
| LIN Linde PLC | Add +13.7% | 0.02% | +0.00 |
| PGR Progressive Corp. | Add +30.9% | 0.01% | +0.00 |
| XYL Xylem Inc. | Add +16.6% | 0.02% | +0.00 |
| ED Consolidated Edison Inc. | Add +0.5% | 0.02% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +51.5% | 0.01% | +0.00 |
| ARM Arm Holdings PLC-ADR | Add +163.4% | 0.00% | +0.00 |
| ECL Ecolab Inc. | Add +20.2% | 0.01% | +0.00 |
| CVIE Cal Intl Responsible Index | Add +17.9% | 0.01% | +0.00 |
| SOLV Solventum Corp. | Add +0.3% | 0.02% | +0.00 |
| SPYX SS SPDR S&P 500 Foss FL ETF | New | 0.00% | +0.00 |
| BLK BlackRock Inc. | Add +47.4% | 0.01% | +0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +74.1% | 0.00% | +0.00 |
| HASI Ha Sustainable Infrastructur | 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 |