Tilson Financial Group, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Tilson Financial Group, Inc. reported 72 stock positions worth $252.8 million. Its top holding was Vanguard Core Bond ETF (VCRB) at 13.3% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 10.4%) and Dim US Large Cap Value ETF (DFLV, 9.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 39 and reduced 22. The biggest buy was Dim US Large Cap Value ETF (DFLV, shares +22%) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- NEW PROVIDENCE, NJ
- CIK
- 0001964820
- Portfolio Value
- $252.8M (Q1 2025)
- SEC Filing
- 0001964820-25-000004 ↗ filed Apr 29, 2025
Holdings Value
Holdings 72 stocks · $252.8M
| VCRB Vanguard Core Bond ETF | 13.28% | 433,429 | $33.6M | Add +9.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 10.36% | 70,633 | $26.2M | Add +15.5% |
| DFLV Dim US Large Cap Value ETF | 9.14% | 755,688 | $23.1M | Add +22.3% |
| DFAS Dimensional US Small Cap ETF | 6.90% | 291,868 | $17.4M | Add +3.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 4.53% | 230,640 | $11.4M | Add +9.4% |
| SPTI SS SPDR P Int Term TSY ETF | 3.91% | 345,912 | $9.9M | Add +4.4% |
| SPTS SS SPDR P St Term TSY ETF | 3.43% | 296,475 | $8.7M | Add +2.4% |
| VEA Vanguard Ftse Developed ETF | 3.31% | 164,796 | $8.4M | Reduce -36.3% |
| VYM Vanguard High DVD Yield ETF | 3.06% | 60,046 | $7.7M | Add +1.2% |
| RLY SS Multi-Asset Real Ret ETF | 3.03% | 267,942 | $7.6M | Add +3.5% |
| IVW iShares S&P 500 Growth ETF | 2.86% | 77,757 | $7.2M | Reduce -3.2% |
| DFIC Dimensional International Co. | 2.46% | 224,179 | $6.2M | Add +15.2% |
| DFEM Dimensional Emrg MRKT Core | 2.44% | 233,347 | $6.2M | Add +8.5% |
| VTIP Vanguard Short-Term Tips | 2.31% | 116,846 | $5.8M | Add +2.0% |
| DFGR Dim Global Real Estate ETF | 2.18% | 209,829 | $5.5M | Add +4.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.94% | 8,784 | $4.9M | Reduce -4.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.90% | 73,110 | $4.8M | Add +9.2% |
| XOM Exxon Mobil Corp. | 1.61% | 34,182 | $4.1M | Add +1.8% |
| DFIV Dimensional International Va | 1.60% | 102,811 | $4.0M | Add +3.9% |
| DFIS Dimensional International SM | 1.47% | 144,236 | $3.7M | Add +4.3% |
| IVE iShares S&P 500 Value ETF | 1.42% | 18,779 | $3.6M | Add +0.5% |
| MUB iShares National Muni Bond E | 1.35% | 32,279 | $3.4M | Add +3.6% |
| SHM SS SPDR N Ice St Muni ETF | 1.03% | 54,930 | $2.6M | Add +0.0% |
| UPS United Parcel Service Class B | 1.00% | 22,894 | $2.5M | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 0.99% | 6,918 | $2.5M | No change |
| VOO Vanguard S&P 500 ETF | 0.85% | 4,174 | $2.1M | Add +0.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.80% | 55,588 | $2.0M | Reduce -12.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.80% | 7,351 | $2.0M | Add +0.3% |
| IJR iShares Core S&P Small-Cap E | 0.77% | 18,650 | $1.9M | Reduce -1.6% |
| AAPL Apple Inc. | 0.60% | 6,840 | $1.5M | Add +6.0% |
| PEG Public Service Enterprise GP | 0.47% | 14,509 | $1.2M | Add +18.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.43% | 13,450 | $1.1M | Reduce -13.7% |
| MSFT Microsoft Corp. | 0.35% | 2,372 | $890K | Add +11.2% |
| AGG iShares Core U.S. Aggregate | 0.34% | 8,749 | $865K | Reduce -15.5% |
| SCZ iShares MSCI Eafe Small-Cap | 0.34% | 13,520 | $859K | Reduce -4.2% |
| SPAB SS SPDR P Agg Bond ETF | 0.33% | 32,823 | $838K | Reduce -8.3% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.32% | 18,009 | $811K | Add +1.7% |
| MCD McDonald's Corp. | 0.30% | 2,466 | $770K | Add +0.2% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 16,778 | $759K | Reduce -1.5% |
| SUB iShares Short-Term National | 0.28% | 6,734 | $711K | Reduce -0.2% |
| CNOB Connectone Bancorp Inc. | 0.28% | 28,778 | $700K | Add +0.7% |
| VXUS Vanguard Total Intl Stock | 0.26% | 10,723 | $666K | Reduce -3.5% |
| SAFE Safehold Inc. | 0.26% | 34,837 | $652K | Add +1.0% |
| IWM iShares Russell 2000 ETF | 0.24% | 3,089 | $616K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 3,508 | $606K | Reduce -4.7% |
| SPSB SS SPDR P St C Corp. ETF | 0.24% | 19,857 | $598K | Add +31.7% |
| IVV iShares Core S&P 500 ETF | 0.24% | 1,061 | $596K | Reduce -8.0% |
| ICSH iShares Ultra Short Duration | 0.23% | 11,299 | $573K | Add +0.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.23% | 13,996 | $570K | Reduce -3.1% |
| EFA iShares MSCI Eafe ETF | 0.22% | 6,677 | $546K | Reduce -4.1% |
| BDX Becton Dickinson and Co. | 0.20% | 2,252 | $516K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 11,600 | $484K | Add +2.3% |
| ORCL Oracle Corp. | 0.19% | 3,435 | $480K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.19% | 9,383 | $479K | Reduce -2.5% |
| VZ Verizon Communications Inc. | 0.18% | 9,974 | $452K | Reduce -4.5% |
| MRK Merck & Co. Inc. | 0.18% | 4,965 | $446K | Add +2.7% |
| BMY Bristol-Myers Squibb Co. | 0.15% | 6,124 | $374K | Add +0.1% |
| DHS Wisdomtree US High Dividend | 0.14% | 3,463 | $343K | No change |
| IYW iShares Ustechnology ETF | 0.13% | 2,337 | $328K | Add +0.0% |
| PM Philip Morris International | 0.12% | 1,975 | $313K | No change |
| JPM JPMorgan Chase & Co. | 0.12% | 1,190 | $292K | Reduce -7.5% |
| META Meta Platforms Inc. Class A | 0.11% | 500 | $288K | Add +0.6% |
| DFAW Dimensional World Eqty ETF | 0.11% | 4,606 | $282K | Add +32.2% |
| VGSH Vanguard Short-Term Treasury | 0.10% | 4,435 | $260K | Reduce -5.6% |
| JNJ Johnson & Johnson | 0.10% | 1,537 | $255K | Add +2.1% |
| PG The Procter & Gamble Co. | 0.10% | 1,460 | $249K | New |
| PRF Invesco Rafi US 1000 ETF | 0.09% | 5,445 | $220K | No change |
| SPEM State Street SP PTF Em ETF | 0.08% | 5,385 | $212K | Reduce -10.0% |
| IDCC Interdigital Inc. | 0.08% | 1,000 | $207K | New |
| IWC iShares Micro-Cap ETF | 0.08% | 1,860 | $206K | Add +0.1% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.08% | 1,998 | $205K | No change |
| STHO Star Holdings filed as STAR HLDGS | 0.05% | 14,151 | $120K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VEA Vanguard Ftse Developed ETF | Reduce -36.3% | 3.31% | −1.73 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.2% | 2.86% | −0.47 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.3% | 1.94% | −0.25 |
| UPS United Parcel Service Class B | Reduce -0.1% | 1.00% | −0.18 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -13.7% | 0.43% | −0.13 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.6% | 0.77% | −0.12 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.09 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -12.9% | 0.80% | −0.09 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -15.5% | 0.34% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -8.0% | 0.24% | −0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -3.1% | 0.23% | −0.04 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -8.3% | 0.33% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.7% | 0.24% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.5% | 0.19% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -7.5% | 0.12% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -4.2% | 0.34% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -10.0% | 0.08% | −0.01 |
| SUB iShares Short-Term National | Reduce -0.2% | 0.28% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -5.6% | 0.10% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.5% | 0.30% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -3.5% | 0.26% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -4.1% | 0.22% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -4.5% | 0.18% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| DFLV Dim US Large Cap Value ETF | Add +22.3% | 9.14% | +1.57 |
| VCRB Vanguard Core Bond ETF | Add +9.8% | 13.28% | +1.07 |
| DFIC Dimensional International Co. | Add +15.2% | 2.46% | +0.41 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +9.4% | 4.53% | +0.21 |
| RLY SS Multi-Asset Real Ret ETF | Add +3.5% | 3.03% | +0.17 |
| DFIV Dimensional International Va | Add +3.9% | 1.60% | +0.17 |
| DFEM Dimensional Emrg MRKT Core | Add +8.5% | 2.44% | +0.14 |
| SPTI SS SPDR P Int Term TSY ETF | Add +4.4% | 3.91% | +0.14 |
| XOM Exxon Mobil Corp. | Add +1.8% | 1.61% | +0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +15.5% | 10.36% | +0.12 |
| PG The Procter & Gamble Co. | New | 0.10% | +0.10 |
| DFGR Dim Global Real Estate ETF | Add +4.9% | 2.18% | +0.09 |
| DFIS Dimensional International SM | Add +4.3% | 1.47% | +0.09 |
| IDCC Interdigital Inc. | New | 0.08% | +0.08 |
| SPSB SS SPDR P St C Corp. ETF | Add +31.7% | 0.24% | +0.05 |
| PEG Public Service Enterprise GP | Add +18.6% | 0.47% | +0.05 |
| VTIP Vanguard Short-Term Tips | Add +2.0% | 2.31% | +0.04 |
| DFAW Dimensional World Eqty ETF | Add +32.2% | 0.11% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +9.2% | 1.90% | +0.02 |
| MCD McDonald's Corp. | Add +0.2% | 0.30% | +0.01 |
| JNJ Johnson & Johnson | Add +2.1% | 0.10% | +0.01 |
| CNOB Connectone Bancorp Inc. | Add +0.7% | 0.28% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +0.1% | 0.15% | +0.01 |
| SPTS SS SPDR P St Term TSY ETF | Add +2.4% | 3.43% | +0.00 |
| SAFE Safehold Inc. | Add +1.0% | 0.26% | −0.00 |
| META Meta Platforms Inc. Class A | Add +0.6% | 0.11% | −0.00 |
| ICSH iShares Ultra Short Duration | Add +0.4% | 0.23% | −0.01 |
| MUB iShares National Muni Bond E | Add +3.6% | 1.35% | −0.01 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +1.7% | 0.32% | −0.01 |
| BAC Bank of America Corp. | Add +2.3% | 0.19% | −0.01 |
| MSFT Microsoft Corp. | Add +11.2% | 0.35% | −0.01 |
| IWC iShares Micro-Cap ETF | Add +0.1% | 0.08% | −0.02 |
| MRK Merck & Co. Inc. | Add +2.7% | 0.18% | −0.02 |
| IYW iShares Ustechnology ETF | Add +0.0% | 0.13% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Add +1.2% | 3.06% | −0.03 |
| SHM SS SPDR N Ice St Muni ETF | Add +0.0% | 1.03% | −0.03 |
| IVE iShares S&P 500 Value ETF | Add +0.5% | 1.42% | −0.04 |
| AAPL Apple Inc. | Add +6.0% | 0.60% | −0.06 |
| VOO Vanguard S&P 500 ETF | Add +0.4% | 0.85% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.80% | −0.07 |
| DFAS Dimensional US Small Cap ETF | Add +3.3% | 6.90% | −0.61 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 86 | $363.6M | VCRB, VUG, DFLV, DFAS, EVSD |
| Q1 2026 | 79 | $333.2M | VCRB, VUG, DFLV, DFAS, EVSD |
| Q4 2025 | 83 | $325.0M | VCRB, VUG, DFLV, DFAS, EVSD |
| Q3 2025 | 77 | $304.3M | VCRB, VUG, DFLV, DFAS, EVSD |
| Q2 2025 | 75 | $265.1M | VCRB, VUG, DFLV, DFAS, SPTI |
| Q1 2025 | 72 | $252.8M | VCRB, VUG, DFLV, DFAS, VTEB |
| Q4 2024 | 73 | $245.1M | VCRB, VUG, DFLV, DFAS, VEA |
| Q3 2024Amended | 72 | $230.8M | VUG, VCRB, DFAS, DFLV, VEA |
| Q2 2024 | 37 | $99.0M | DFAS, DFLV, SPTI, SPTS, RLY |
| Q1 2024 | 69 | $186.2M | VUG, DFAS, DFLV, VTIP, VCRB |