TFC Financial Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), TFC Financial Management, Inc. reported 997 stock positions worth $811.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 26.8% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 14.1%) and iShares 1-3 Year Treasury Bo (SHY, 10.1%). Compared with Q4 2025, it opened 106 new positions, sold out of 72, added to 142 and reduced 189. The biggest buy was a new position in Vanguard Russell 2000 Growth (VTWG) and the biggest sale iShares Core MSCI Dev MKTS (IDEV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001827844
- Portfolio Value
- $811.6M (Q1 2026)
- SEC Filing
- 0001398344-26-006946 ↗ filed Apr 23, 2026
Holdings Value
Holdings 997 stocks · $811.6M
| IVV iShares Core S&P 500 ETF | 26.81% | 333,103 | $217.6M | Add +0.5% |
| IDEV iShares Core MSCI Dev MKTS | 14.13% | 1,371,889 | $114.6M | Reduce -2.1% |
| SHY iShares 1-3 Year Treasury Bo | 10.08% | 990,689 | $81.8M | Add +6.2% |
| IEMG iShares Core MSCI Emerging | 6.50% | 755,956 | $52.7M | Reduce -1.9% |
| JQUA JPMorgan US Quality Factor | 5.63% | 745,616 | $45.7M | Add +1.9% |
| DFUV Dimensional US Marketwide Va | 5.43% | 909,157 | $44.1M | Reduce -0.9% |
| DFAT Dimensional US Target Value | 3.15% | 408,979 | $25.5M | Reduce -3.7% |
| VTWG Vanguard Russell 2000 Growth | 2.32% | 82,375 | $18.9M | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.89% | 51,298 | $15.3M | Add +7.0% |
| JNJ Johnson & Johnson | 1.48% | 49,216 | $12.0M | Reduce -1.2% |
| AAPL Apple Inc. | 1.35% | 43,158 | $11.0M | Reduce -6.3% |
| NUEM Nuveen ESG Emerging Markets | 1.32% | 292,610 | $10.8M | Reduce -0.1% |
| BSV Vanguard Short-Term Bond ETF | 1.05% | 108,948 | $8.5M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.85% | 40,731 | $6.9M | Add +0.3% |
| MSFT Microsoft Corp. | 0.73% | 16,071 | $5.9M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 11,748 | $5.6M | Reduce -11.2% |
| MRK Merck & Co. Inc. | 0.57% | 38,593 | $4.6M | No change |
| BND Vanguard Total Bond Market | 0.51% | 56,592 | $4.2M | Add +6.0% |
| NVDA Nvidia Corp. | 0.51% | 23,813 | $4.2M | Reduce -3.2% |
| ESML iShares ESG Aware MSCI USA S | 0.46% | 78,829 | $3.7M | Add +1952.8% |
| ITOT iShares Core S&P Total U.S. | 0.45% | 25,663 | $3.7M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.44% | 5 | $3.6M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 12,470 | $3.0M | Reduce -2.4% |
| IWB iShares Russell 1000 ETF | 0.34% | 7,765 | $2.8M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.33% | 9,367 | $2.7M | Reduce -2.1% |
| JSTC Adasina Social Justice GLB | 0.32% | 131,430 | $2.6M | Add +5.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.31% | 9,632 | $2.5M | Reduce -3.0% |
| ACN Accenture PLC Class A | 0.30% | 12,168 | $2.4M | Reduce -0.4% |
| ONB Old National Bancorp | 0.28% | 101,400 | $2.2M | Reduce -6.5% |
| QUAL iShares MSCI USA Quality Fac | 0.27% | 11,556 | $2.2M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 3,355 | $2.2M | Add +18.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 6,580 | $2.1M | Add +11.7% |
| LHX L3HARRIS Technologies Inc. | 0.26% | 6,109 | $2.1M | No change |
| GE General Electric filed as GE AEROSPACE | 0.26% | 7,347 | $2.1M | Reduce -0.3% |
| VXF Vanguard Extended Market ETF | 0.25% | 9,872 | $2.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.25% | 9,625 | $2.0M | Add +2.5% |
| JPM JPMorgan Chase & Co. | 0.25% | 6,772 | $2.0M | Add +2.3% |
| VOO Vanguard S&P 500 ETF | 0.23% | 3,144 | $1.9M | Add +1.7% |
| IJR iShares Core S&P Small-Cap E | 0.21% | 13,668 | $1.7M | Add +6.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 18,281 | $1.7M | Add +10.3% |
| EFA iShares MSCI Eafe ETF | 0.18% | 15,344 | $1.5M | No change |
| PWRD TCW Transform Systems ETF | 0.18% | 15,145 | $1.5M | Reduce -12.4% |
| GEV GE Vernova Inc. | 0.18% | 1,688 | $1.5M | Add +0.1% |
| HTFL Heartflow Inc. | 0.17% | 55,598 | $1.4M | New |
| EXPE Expedia Group Inc. | 0.16% | 5,522 | $1.3M | No change |
| MA Mastercard Inc. Class A | 0.16% | 2,543 | $1.3M | Reduce -2.6% |
| WMT Walmart Inc. | 0.15% | 10,090 | $1.3M | Reduce -5.7% |
| GOOG Alphabet Inc. Class C | 0.15% | 4,263 | $1.2M | Reduce -8.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 4,176 | $1.2M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.15% | 8,167 | $1.2M | Reduce -8.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 5,977 | $1.2M | Add +19.1% |
| META Meta Platforms Inc. Class A | 0.14% | 2,023 | $1.2M | Add +2.3% |
| SUSA iShares ESG Optimized MSCI U | 0.14% | 8,690 | $1.1M | No change |
| COST Costco Wholesale Corp. | 0.14% | 1,152 | $1.1M | Reduce -5.0% |
| IWF iShares Russell 1000 Growth | 0.13% | 2,508 | $1.1M | Add +5.5% |
| MMM 3M Co. | 0.13% | 7,011 | $1.0M | Reduce -1.6% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.12% | 26,551 | $959K | Reduce -4.1% |
| SHOP Shopify Inc. Class A | 0.11% | 7,596 | $901K | No change |
| DDOG Datadog Inc. Class A | 0.11% | 7,556 | $892K | Add +0.1% |
| DVY iShares Select Dividend ETF | 0.11% | 5,798 | $878K | Reduce -2.3% |
| DHS Wisdomtree US High Dividend | 0.11% | 7,947 | $868K | Reduce -2.8% |
| HD Home Depot Inc. | 0.10% | 2,345 | $771K | Add +0.8% |
| LLY Eli Lilly & Co. | 0.09% | 784 | $721K | Reduce -8.8% |
| MO Altria Group Inc. | 0.09% | 10,846 | $716K | No change |
| ABBV Abbvie Inc. | 0.09% | 3,239 | $704K | Reduce -8.9% |
| ABT Abbott Laboratories | 0.08% | 6,538 | $671K | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.08% | 2,071 | $641K | Reduce -2.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 3,889 | $621K | Reduce -0.5% |
| ISRG Intuitive Surgical Inc. | 0.07% | 1,317 | $607K | No change |
| V Visa Inc. Class A | 0.07% | 1,915 | $579K | Add +5.7% |
| ADP Automatic Data Processing | 0.07% | 2,840 | $577K | Reduce -5.3% |
| AMSC American Superconductor Corp. | 0.07% | 16,741 | $567K | No change |
| IJH iShares Core S&P Midcap ETF | 0.07% | 8,335 | $563K | Add +70.9% |
| PM Philip Morris International | 0.07% | 3,394 | $561K | Reduce -1.9% |
| CVNA Carvana Co. | 0.07% | 1,732 | $545K | Reduce -2.8% |
| CL Colgate-Palmolive Co. | 0.07% | 6,284 | $536K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 5,495 | $534K | Reduce -2.0% |
| CVX Chevron Corp. | 0.06% | 2,516 | $521K | No change |
| IDV iShares International Select | 0.06% | 12,113 | $516K | Reduce -11.8% |
| GS Goldman Sachs Group Inc. | 0.06% | 604 | $511K | Add +3.3% |
| MDLZ Mondelez International Inc. Class A | 0.06% | 7,901 | $455K | Reduce -3.3% |
| DFAW Dimensional World Eqty ETF | 0.06% | 6,139 | $453K | Add +56.3% |
| BNL Broadstone Net Lease Inc. | 0.05% | 24,116 | $441K | No change |
| FTEC Fidelity MSCI Info Tech Indx | 0.05% | 2,038 | $424K | No change |
| GPC Genuine Parts Co. | 0.05% | 3,921 | $415K | Reduce -0.1% |
| NEE Nextera Energy Inc. | 0.05% | 4,447 | $413K | No change |
| TSLA Tesla Inc. | 0.05% | 1,076 | $400K | Reduce -6.0% |
| IXUS iShares Core Intl Stock ETF | 0.05% | 4,529 | $392K | No change |
| CTVA Corteva Inc. | 0.05% | 4,590 | $384K | Reduce -11.2% |
| RTX RTX Corp. | 0.05% | 1,982 | $382K | Reduce -14.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.05% | 16,374 | $372K | Add +9.1% |
| IQLT iShares MSCI International Q | 0.05% | 7,998 | $370K | Reduce -24.5% |
| ADI Analog Devices Inc. | 0.05% | 1,150 | $366K | Reduce -9.7% |
| CI The Cigna Group | 0.04% | 1,363 | $364K | Reduce -21.1% |
| FFIN First Finl Bankshares Inc. | 0.04% | 12,194 | $359K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 4,530 | $352K | Reduce -12.2% |
| MCD McDonald's Corp. | 0.04% | 1,091 | $339K | No change |
| IGM iShares Expanded Tech Sector | 0.04% | 2,810 | $333K | No change |
| SPGI S&P Global Inc. | 0.04% | 782 | $333K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 748 | $327K | Add +31.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 1 | $4 | No change |
Total filed on the 13F, all lines: $811.6M.
Portfolio Sells Q4 2025 → Q1 2026
| IDEV iShares Core MSCI Dev MKTS | Reduce -2.1% | 14.13% | −0.37 |
| MSFT Microsoft Corp. | Reduce -2.2% | 0.73% | −0.26 |
| AAPL Apple Inc. | Reduce -6.3% | 1.35% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.2% | 0.69% | −0.14 |
| ACN Accenture PLC Class A | Reduce -0.4% | 0.30% | −0.11 |
| IBM Intl Business Machines Corp. | Reduce -2.4% | 0.37% | −0.10 |
| NVDA Nvidia Corp. | Reduce -3.2% | 0.51% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 0.33% | −0.04 |
| NZAC State Street SPDR MSCI Acwi | Sold out | 0.00% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -8.5% | 0.15% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -2.6% | 0.16% | −0.03 |
| GLW Corning Inc. | Reduce -92.0% | 0.00% | −0.03 |
| GE General Electric | Reduce -0.3% | 0.26% | −0.03 |
| CVNA Carvana Co. | Reduce -2.8% | 0.07% | −0.03 |
| ONB Old National Bancorp | Reduce -6.5% | 0.28% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -8.8% | 0.09% | −0.03 |
| PWRD TCW Transform Systems ETF | Reduce -12.4% | 0.18% | −0.03 |
| ADP Automatic Data Processing | Reduce -5.3% | 0.07% | −0.03 |
| DFAT Dimensional US Target Value | Reduce -3.7% | 3.15% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.7% | 0.27% | −0.02 |
| CRM Salesforce Inc. | Reduce -7.9% | 0.04% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -33.0% | 0.02% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.08% | −0.02 |
| PRU Prudential Financial Inc. | Reduce -97.0% | 0.00% | −0.02 |
| MMM 3M Co. | Reduce -1.6% | 0.13% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -50.5% | 0.01% | −0.02 |
| TSLA Tesla Inc. | Reduce -6.0% | 0.05% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -8.5% | 0.15% | −0.02 |
| ABBV Abbvie Inc. | Reduce -8.9% | 0.09% | −0.02 |
| CI The Cigna Group | Reduce -21.1% | 0.04% | −0.01 |
| INTC Intel Corp. | Reduce -87.7% | 0.00% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -24.5% | 0.05% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -16.9% | 0.02% | −0.01 |
| G Genpact Ltd. | Reduce -100.0% | 0.00% | −0.01 |
| AVGO Broadcom Inc. | Reduce -2.1% | 0.08% | −0.01 |
| NOW ServiceNow Inc. | Reduce -51.6% | 0.01% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -44.2% | 0.01% | −0.01 |
| DIS The Walt Disney Co. | Reduce -5.9% | 0.04% | −0.01 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.0% | 0.31% | −0.01 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -49.7% | 0.00% | −0.01 |
| GPC Genuine Parts Co. | Reduce -0.1% | 0.05% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -0.3% | 0.25% | −0.01 |
| HUBS HubSpot Inc. | Reduce -36.5% | 0.01% | −0.01 |
| APH Amphenol Corp. Class A | Reduce -22.6% | 0.02% | −0.01 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Reduce -4.1% | 0.12% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -12.2% | 0.04% | −0.01 |
| TT Trane Technologies PLC | Reduce -50.4% | 0.01% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -45.2% | 0.01% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VTWG Vanguard Russell 2000 Growth | New | 2.32% | +2.32 |
| ESML iShares ESG Aware MSCI USA S | Add +1952.8% | 0.46% | +0.43 |
| SHY iShares 1-3 Year Treasury Bo | Add +6.2% | 10.08% | +0.39 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.85% | +0.24 |
| HTFL Heartflow Inc. | New | 0.17% | +0.17 |
| GEV GE Vernova Inc. | Add +0.1% | 0.18% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +70.9% | 0.07% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +18.0% | 0.27% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +19.1% | 0.14% | +0.02 |
| Q Qnity Electronics Inc. | New | 0.02% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +462.4% | 0.02% | +0.02 |
| DFAW Dimensional World Eqty ETF | Add +56.3% | 0.06% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +10.3% | 0.20% | +0.02 |
| BND Vanguard Total Bond Market | Add +6.0% | 0.51% | +0.02 |
| IVW iShares S&P 500 Growth ETF | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +6.7% | 0.21% | +0.02 |
| IVE iShares S&P 500 Value ETF | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +11.7% | 0.26% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.01% | +0.01 |
| NXT Nextpower Inc. | New | 0.01% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +34.8% | 0.04% | +0.01 |
| IEUR iShares Core MSCI Europe ETF | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +111.1% | 0.02% | +0.01 |
| O Realty Income Corp. | Add +1764.7% | 0.01% | +0.01 |
| ARM Arm Holdings PLC-ADR | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.7% | 0.02% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +31.9% | 0.04% | +0.01 |
| EUAD Select Stoxx Eur Aer DE ETF | New | 0.01% | +0.01 |
| TOST Toast Inc. Class A | Add +474.1% | 0.01% | +0.00 |
| UBER Uber Technologies Inc. | Add +86.3% | 0.01% | +0.00 |
| HON Honeywell International Inc. | Add +15.9% | 0.02% | +0.00 |
| BE Bloom Energy Corp. Class A | Add +9.0% | 0.01% | +0.00 |
| DE Deere & Co. | Add +0.8% | 0.02% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.00% | +0.00 |
| LNG Cheniere Energy Inc. | Add +11.0% | 0.01% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +124.8% | 0.00% | +0.00 |
| TNGX Tango Therapeutics Inc. | Add +19.2% | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | Add +322.6% | 0.00% | +0.00 |
| AFL Aflac Inc. | Add +704.2% | 0.00% | +0.00 |
| BCS Barclays PLC-Spons ADR | New | 0.00% | +0.00 |
| MRNA Moderna Inc. | Add +1579.0% | 0.00% | +0.00 |
| NKE Nike Inc. Class B | Add +3266.7% | 0.00% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.00% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +2.5% | 1.05% | +0.00 |
| VZ Verizon Communications Inc. | Add +0.1% | 0.01% | +0.00 |
| VMC Vulcan Materials Co. | Add +960.0% | 0.00% | +0.00 |
| JCI Johnson Controls Internation | Add +588.2% | 0.00% | +0.00 |
| SOFI Sofi Technologies Inc. | Add +219.0% | 0.00% | +0.00 |
| IBIT iShares Bitcoin Trust ETF | Add +566.7% | 0.00% | +0.00 |
| GD General Dynamics Corp. | Add +12.1% | 0.01% | +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 |