TFR Capital, LLC.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), TFR Capital, LLC. reported 161 stock positions worth $301.9 million. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Apple (AAPL, 5.0%). Compared with Q3 2025, it opened 8 new positions, sold out of 10, added to 81 and reduced 56. The biggest buy was Eli Lilly (LLY, shares +7%) and the biggest sale an exit from Invesco Bulletshares 2025 CB (BSCP).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0002059325
- Portfolio Value
- $301.9M (Q4 2025)
- SEC Filing
- 0001765380-26-000035 ↗ filed Jan 27, 2026
Holdings Value
Holdings 161 stocks · $301.9M
| NVDA Nvidia Corp. | 6.54% | 105,949 | $19.8M | Add +0.4% |
| MSFT Microsoft Corp. | 5.86% | 36,564 | $17.7M | Add +1.5% |
| AAPL Apple Inc. | 5.03% | 55,908 | $15.2M | Add +2.8% |
| RWL Invesco S&P 500 Revenue ETF | 3.41% | 89,813 | $10.3M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 3.19% | 30,702 | $9.6M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 3.11% | 40,637 | $9.4M | Add +3.3% |
| AVGO Broadcom Inc. | 2.69% | 23,465 | $8.1M | Add +3.8% |
| IVV iShares Core S&P 500 ETF | 2.50% | 11,031 | $7.6M | Add +1.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.38% | 11,694 | $7.2M | Add +2.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.23% | 35,271 | $6.7M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 2.19% | 21,117 | $6.6M | Add +1.6% |
| META Meta Platforms Inc. Class A | 2.14% | 9,789 | $6.5M | Add +1.8% |
| NFLX Netflix Inc. | 1.98% | 63,750 | $6.0M | Add +2.3% |
| LLY Eli Lilly & Co. | 1.90% | 5,337 | $5.7M | Add +6.6% |
| COST Costco Wholesale Corp. | 1.81% | 6,338 | $5.5M | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.59% | 9,580 | $4.8M | Add +1.4% |
| ISRG Intuitive Surgical Inc. | 1.39% | 7,397 | $4.2M | Add +1.7% |
| BSCQ Invesco Bulletshares 2026 CB | 1.36% | 209,160 | $4.1M | Add +23.1% |
| ABBV Abbvie Inc. | 1.30% | 17,116 | $3.9M | Add +4.4% |
| JAAA Janus Henderson Aaa Clo ETF | 1.23% | 73,555 | $3.7M | Add +4.8% |
| TSLA Tesla Inc. | 1.20% | 8,074 | $3.6M | Add +1.7% |
| GEV GE Vernova Inc. | 1.08% | 4,995 | $3.3M | Add +2.2% |
| BSCR Invesco Bulletshares 2027 CB | 0.98% | 150,271 | $3.0M | Add +21.2% |
| SCHG Schwab US Large-Cap Growth | 0.91% | 84,070 | $2.7M | Add +2.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.91% | 17,844 | $2.7M | Add +7.4% |
| MA Mastercard Inc. Class A | 0.85% | 4,507 | $2.6M | Add +6.4% |
| MINT PIMCO Enhanced Short Maturit | 0.85% | 25,618 | $2.6M | Reduce -3.8% |
| ANET Arista Networks Inc. | 0.81% | 18,668 | $2.4M | Add +9.8% |
| V Visa Inc. Class A | 0.80% | 6,845 | $2.4M | Add +5.3% |
| IBTH iShares Ibonds Dec 2027 Term | 0.77% | 103,701 | $2.3M | Add +7.5% |
| IBTG iShares Ibonds Dec 2026 Term | 0.76% | 100,335 | $2.3M | Add +7.1% |
| MCO Moody's Corp. | 0.76% | 4,467 | $2.3M | Add +1.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.75% | 5,026 | $2.3M | Add +1.8% |
| ACIO Aptus Collared Invest Opp | 0.75% | 51,630 | $2.3M | Add +4.2% |
| PANW Palo Alto Networks Inc. | 0.73% | 11,973 | $2.2M | Add +1.7% |
| RSP Invesco S&P 500 Equal Weight | 0.72% | 11,327 | $2.2M | Add +0.8% |
| JEPI JPMorgan Equity Premium Inco | 0.72% | 37,843 | $2.2M | Add +4.6% |
| JPM JPMorgan Chase & Co. | 0.71% | 6,675 | $2.2M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 0.70% | 3,388 | $2.1M | Add +1.4% |
| MCK McKesson Corp. | 0.68% | 2,510 | $2.1M | Add +1.9% |
| COR Cencora Inc. | 0.67% | 6,030 | $2.0M | Add +2.1% |
| LIN Linde PLC | 0.67% | 4,742 | $2.0M | Reduce -0.5% |
| ICE Intercontinental Exchange Inc. | 0.67% | 12,451 | $2.0M | Add +2.0% |
| PWR Quanta Services Inc. | 0.67% | 4,760 | $2.0M | Add +4.5% |
| PLTR Palantir Technologies Inc. Class A | 0.66% | 11,199 | $2.0M | Add +4.8% |
| IBDR iShares Ibonds Dec 2026 Term | 0.64% | 80,324 | $1.9M | Add +53.0% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.64% | 19,500 | $1.9M | Reduce -13.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 2,795 | $1.9M | Reduce -2.6% |
| TT Trane Technologies PLC | 0.61% | 4,754 | $1.9M | Add +1.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.60% | 74,718 | $1.8M | Add +156.6% |
| KKR KKR & Co. Inc. | 0.59% | 14,090 | $1.8M | Add +2.1% |
| APLD Applied Digital Corp. | 0.58% | 71,006 | $1.7M | New |
| DSTL Distillate US Fundamental St | 0.56% | 28,783 | $1.7M | Add +0.4% |
| COP Conocophillips | 0.55% | 17,625 | $1.6M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.54% | 13,596 | $1.6M | Reduce -3.1% |
| IWF iShares Russell 1000 Growth | 0.53% | 3,410 | $1.6M | Add +17.8% |
| LNG Cheniere Energy Inc. | 0.52% | 8,118 | $1.6M | Add +3.6% |
| FIX Comfort Systems USA Inc. | 0.52% | 1,681 | $1.6M | Add +10.8% |
| KR Kroger Co. | 0.49% | 23,859 | $1.5M | Add +2.1% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.48% | 57,512 | $1.5M | Add +178.9% |
| LRCX Lam Research Corp. | 0.47% | 8,235 | $1.4M | Add +2.1% |
| IBDU iShares Ibonds Dec 2029 Term | 0.46% | 59,758 | $1.4M | New |
| FANG Diamondback Energy Inc. | 0.43% | 8,567 | $1.3M | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.41% | 2,185 | $1.3M | Add +1.6% |
| TDG Transdigm Group Inc. | 0.38% | 871 | $1.2M | Reduce -5.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.38% | 20,777 | $1.1M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.37% | 1,284 | $1.1M | Add +0.4% |
| HD Home Depot Inc. | 0.37% | 3,227 | $1.1M | Reduce -2.7% |
| INTC Intel Corp. | 0.33% | 27,376 | $1.0M | Reduce -0.4% |
| SMMD iShares Russell 2500 ETF | 0.33% | 13,338 | $1000K | Reduce -4.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.33% | 3,836 | $993K | Add +9.0% |
| AMD Advanced Micro Devices | 0.32% | 4,548 | $974K | Add +11.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.31% | 10,202 | $932K | Reduce -5.4% |
| WMT Walmart Inc. | 0.29% | 7,945 | $885K | Reduce -3.4% |
| KO The Coca-Cola Co. | 0.29% | 12,606 | $881K | Reduce -1.4% |
| MCD McDonald's Corp. | 0.29% | 2,873 | $878K | Add +1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 2,854 | $867K | Reduce -3.5% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 2,796 | $861K | Add +2.2% |
| APH Amphenol Corp. Class A | 0.28% | 6,245 | $844K | Add +4.4% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 28,967 | $795K | Reduce -1.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.26% | 7,332 | $782K | Reduce -0.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 2,675 | $776K | Reduce -2.0% |
| SCHX Schwab US Large-Cap ETF | 0.26% | 28,653 | $771K | Add +0.2% |
| MS Morgan Stanley | 0.25% | 4,265 | $757K | Reduce -0.1% |
| C Citigroup Inc. | 0.25% | 6,399 | $747K | Reduce -3.6% |
| KLAC KLA Corp. | 0.25% | 610 | $741K | Add +0.5% |
| QUAL iShares MSCI USA Quality Fac | 0.23% | 3,541 | $703K | Add +1.8% |
| ORCL Oracle Corp. | 0.23% | 3,589 | $700K | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.23% | 3,344 | $692K | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.23% | 4,807 | $689K | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.22% | 8,776 | $676K | Add +3.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.22% | 6,304 | $653K | Reduce -3.9% |
| RTX RTX Corp. | 0.21% | 3,533 | $648K | Add +0.2% |
| CVX Chevron Corp. | 0.21% | 4,237 | $646K | Reduce -2.2% |
| AXP American Express Co. | 0.21% | 1,730 | $640K | Add +2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 1,087 | $630K | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.20% | 5,794 | $610K | Add +0.3% |
| SO The Southern Co. | 0.20% | 6,875 | $600K | Reduce -7.9% |
| WFC Wells Fargo & Co. | 0.19% | 6,194 | $577K | Reduce -1.0% |
| PHYS Sprott Physical Gold Trust | 0.17% | 15,640 | $516K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −2.35 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −1.00 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.86 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.86 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -56.0% | 0.10% | −0.14 |
| ORCL Oracle Corp. | Reduce -3.1% | 0.23% | −0.12 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -13.2% | 0.64% | −0.11 |
| LIN Linde PLC | Reduce -0.5% | 0.67% | −0.09 |
| HD Home Depot Inc. | Reduce -2.7% | 0.37% | −0.08 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.07 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.07 |
| IBTK iShares Ibonds Dec 2030 Trea | Sold out | 0.00% | −0.07 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Sold out | 0.00% | −0.07 |
| MINT PIMCO Enhanced Short Maturit | Reduce -3.8% | 0.85% | −0.04 |
| SO The Southern Co. | Reduce -7.9% | 0.20% | −0.04 |
| T AT&T Inc. | Reduce -9.5% | 0.10% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.23% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -20.6% | 0.10% | −0.02 |
| BX Blackstone Inc. | Reduce -7.0% | 0.12% | −0.02 |
| COP Conocophillips | Reduce -2.2% | 0.55% | −0.02 |
| TDG Transdigm Group Inc. | Reduce -5.6% | 0.38% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.4% | 0.31% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -13.6% | 0.14% | −0.02 |
| HON Honeywell International Inc. | Reduce -2.5% | 0.16% | −0.02 |
| SMMD iShares Russell 2500 ETF | Reduce -4.5% | 0.33% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -14.6% | 0.11% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -2.7% | 0.10% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.4% | 0.12% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.16% | −0.01 |
| USHY iShares Broad Usd High Yield | Reduce -6.7% | 0.12% | −0.01 |
| CVX Chevron Corp. | Reduce -2.2% | 0.21% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.0% | 0.26% | −0.01 |
| XLK SS Technology Select Sector | Reduce -14.4% | 0.07% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -8.6% | 0.09% | −0.01 |
| CTAS Cintas Corp. | Reduce -0.5% | 0.08% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.6% | 0.63% | −0.01 |
| ITW Illinois Tool Works | Reduce -1.1% | 0.07% | −0.01 |
| PEP Pepsico Inc. | Reduce -8.8% | 0.07% | −0.01 |
| ACN Accenture PLC Class A | Reduce -10.1% | 0.17% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.8% | 0.14% | −0.00 |
| PM Philip Morris International | Reduce -1.0% | 0.15% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.2% | 0.26% | −0.00 |
| ADBE Adobe Inc. | Reduce -2.4% | 0.08% | −0.00 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -3.9% | 0.22% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -0.5% | 0.08% | +0.00 |
| SPGI S&P Global Inc. | Reduce -4.3% | 0.07% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.6% | 0.26% | +0.00 |
| TEL Te Connectivity PLC | Reduce -0.8% | 0.09% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +6.6% | 1.90% | +0.62 |
| APLD Applied Digital Corp. | New | 0.58% | +0.58 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 2.19% | +0.50 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.46% | +0.46 |
| AAPL Apple Inc. | Add +2.8% | 5.03% | +0.41 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +156.6% | 0.60% | +0.36 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +178.9% | 0.48% | +0.31 |
| ISRG Intuitive Surgical Inc. | Add +1.7% | 1.39% | +0.30 |
| BSCQ Invesco Bulletshares 2026 CB | Add +23.1% | 1.36% | +0.25 |
| AMZN Amazon.com Inc. | Add +3.3% | 3.11% | +0.22 |
| IBDR iShares Ibonds Dec 2026 Term | Add +53.0% | 0.64% | +0.22 |
| AVGO Broadcom Inc. | Add +3.8% | 2.69% | +0.20 |
| BSCR Invesco Bulletshares 2027 CB | Add +21.2% | 0.98% | +0.17 |
| RWL Invesco S&P 500 Revenue ETF | Add +2.1% | 3.41% | +0.16 |
| IBTI iShares Ibonds Dec 2028 Term | New | 0.12% | +0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.8% | 0.75% | +0.11 |
| TJX TJX Companies Inc. | Add +7.4% | 0.91% | +0.11 |
| LRCX Lam Research Corp. | Add +2.1% | 0.47% | +0.11 |
| AMD Advanced Micro Devices | Add +11.6% | 0.32% | +0.10 |
| FIX Comfort Systems USA Inc. | Add +10.8% | 0.52% | +0.10 |
| MU Micron Technology Inc. | New | 0.09% | +0.09 |
| IWF iShares Russell 1000 Growth | Add +17.8% | 0.53% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.0% | 2.38% | +0.08 |
| BMY Bristol-Myers Squibb Co. | New | 0.08% | +0.08 |
| GEV GE Vernova Inc. | Add +2.2% | 1.08% | +0.08 |
| FICO Fair Isaac Corp. | New | 0.07% | +0.07 |
| CAT Caterpillar Inc. | Add +1.6% | 0.41% | +0.07 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.07% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.6% | 2.23% | +0.07 |
| QCOM Qualcomm Inc. | New | 0.07% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +1.2% | 2.50% | +0.07 |
| COR Cencora Inc. | Add +2.1% | 0.67% | +0.06 |
| MCO Moody's Corp. | Add +1.7% | 0.76% | +0.06 |
| V Visa Inc. Class A | Add +5.3% | 0.80% | +0.05 |
| MA Mastercard Inc. Class A | Add +6.4% | 0.85% | +0.05 |
| MCK McKesson Corp. | Add +1.9% | 0.68% | +0.05 |
| IBTH iShares Ibonds Dec 2027 Term | Add +7.5% | 0.77% | +0.05 |
| JAAA Janus Henderson Aaa Clo ETF | Add +4.8% | 1.23% | +0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Add +7.1% | 0.76% | +0.04 |
| MRK Merck & Co. Inc. | Add +0.3% | 0.20% | +0.04 |
| PWR Quanta Services Inc. | Add +4.5% | 0.67% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 0.37% | +0.03 |
| APH Amphenol Corp. Class A | Add +4.4% | 0.28% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +2.2% | 0.91% | +0.03 |
| CSCO Cisco Systems Inc. | Add +3.0% | 0.22% | +0.03 |
| ACIO Aptus Collared Invest Opp | Add +4.2% | 0.75% | +0.03 |
| ABBV Abbvie Inc. | Add +4.4% | 1.30% | +0.03 |
| JEPI JPMorgan Equity Premium Inco | Add +4.6% | 0.72% | +0.03 |
| KLAC KLA Corp. | Add +0.5% | 0.25% | +0.03 |
| AXP American Express Co. | Add +2.5% | 0.21% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 165 | $355.3M | NVDA, AAPL, MSFT, RWL, GOOG |
| Q1 2026 | 163 | $325.8M | NVDA, AAPL, MSFT, RWL, APLD |
| Q4 2025 | 161 | $301.9M | NVDA, MSFT, AAPL, RWL, GOOG |
| Q3 2025 | 163 | $299.5M | NVDA, MSFT, AAPL, RWL, AMZN |
| Q2 2025Amended | 164 | $276.2M | MSFT, NVDA, AAPL, RWL, AMZN |
| Q1 2025 | 150 | $240.2M | MSFT, AAPL, NVDA, RWL, AMZN |
| Q4 2024 | 115 | $201.3M | MSFT, NVDA, AAPL, RWL, VTV |