Tilson Financial Group, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Tilson Financial Group, Inc. reported 75 stock positions worth $265.1 million. Its top holding was Vanguard Core Bond ETF (VCRB) at 12.6% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.1%) and Dim US Large Cap Value ETF (DFLV, 8.5%). Compared with Q1 2025, it opened 6 new positions, sold out of 3, added to 32 and reduced 32. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +3%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- NEW PROVIDENCE, NJ
- CIK
- 0001964820
- Portfolio Value
- $265.1M (Q2 2025)
- SEC Filing
- 0001964820-25-000005 ↗ filed Aug 7, 2025
Holdings Value
Holdings 75 stocks · $265.1M
| VCRB Vanguard Core Bond ETF | 12.62% | 431,491 | $33.5M | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 12.06% | 72,932 | $32.0M | Add +3.3% |
| DFLV Dim US Large Cap Value ETF | 8.47% | 723,818 | $22.5M | Reduce -4.2% |
| DFAS Dimensional US Small Cap ETF | 7.09% | 294,963 | $18.8M | Add +1.1% |
| SPTI SS SPDR P Int Term TSY ETF | 3.76% | 346,588 | $10.0M | Add +0.2% |
| IVW iShares S&P 500 Growth ETF | 3.60% | 86,628 | $9.5M | Add +11.4% |
| VEA Vanguard Ftse Developed ETF | 3.33% | 154,969 | $8.8M | Reduce -6.0% |
| SPTS SS SPDR P St Term TSY ETF | 3.23% | 292,090 | $8.6M | Reduce -1.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 3.08% | 166,672 | $8.2M | Reduce -27.7% |
| VYM Vanguard High DVD Yield ETF | 3.00% | 59,657 | $8.0M | Reduce -0.7% |
| RLY SS Multi-Asset Real Ret ETF | 2.84% | 258,999 | $7.5M | Reduce -3.3% |
| DFEM Dimensional Emrg MRKT Core | 2.58% | 230,038 | $6.8M | Reduce -1.4% |
| DFIC Dimensional International Co. | 2.39% | 204,239 | $6.3M | Reduce -8.9% |
| VTIP Vanguard Short-Term Tips | 2.14% | 113,016 | $5.7M | Reduce -3.3% |
| MUB iShares National Muni Bond E | 2.13% | 53,930 | $5.6M | Add +67.1% |
| DFGR Dim Global Real Estate ETF | 2.09% | 206,840 | $5.5M | Reduce -1.4% |
| IVE iShares S&P 500 Value ETF | 2.05% | 27,756 | $5.4M | Add +47.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.03% | 8,699 | $5.4M | Reduce -1.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.96% | 71,643 | $5.2M | Reduce -2.0% |
| DFIS Dimensional International SM | 1.65% | 146,839 | $4.4M | Add +1.8% |
| DFIV Dimensional International Va | 1.59% | 98,687 | $4.2M | Reduce -4.0% |
| XOM Exxon Mobil Corp. | 1.40% | 34,321 | $3.7M | Add +0.4% |
| IJR iShares Core S&P Small-Cap E | 1.13% | 27,464 | $3.0M | Add +47.3% |
| IWF iShares Russell 1000 Growth | 1.10% | 6,879 | $2.9M | Reduce -0.6% |
| SHM SS SPDR N Ice St Muni ETF | 1.01% | 55,829 | $2.7M | Add +1.6% |
| UPS United Parcel Service Class B | 0.87% | 22,890 | $2.3M | Reduce -0.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.84% | 55,306 | $2.2M | Reduce -0.5% |
| AAPL Apple Inc. | 0.59% | 7,620 | $1.6M | Add +11.4% |
| MSFT Microsoft Corp. | 0.48% | 2,567 | $1.3M | Add +8.2% |
| PEG Public Service Enterprise GP | 0.46% | 14,511 | $1.2M | Add +0.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.45% | 12,523 | $1.2M | Reduce -6.9% |
| VXUS Vanguard Total Intl Stock | 0.43% | 16,562 | $1.1M | Add +54.5% |
| SCZ iShares MSCI Eafe Small-Cap | 0.37% | 13,543 | $984K | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.35% | 1,474 | $915K | Add +38.9% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.34% | 20,146 | $900K | Add +11.9% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 16,708 | $826K | Reduce -0.4% |
| SPAB SS SPDR P Agg Bond ETF | 0.31% | 32,059 | $821K | Reduce -2.3% |
| ORCL Oracle Corp. | 0.28% | 3,435 | $751K | No change |
| SUB iShares Short-Term National | 0.27% | 6,813 | $724K | Add +1.2% |
| MCD McDonald's Corp. | 0.27% | 2,466 | $721K | No change |
| AGG iShares Core U.S. Aggregate | 0.26% | 6,872 | $682K | Reduce -21.4% |
| CNOB Connectone Bancorp Inc. | 0.25% | 29,008 | $672K | Add +0.8% |
| IWM iShares Russell 2000 ETF | 0.25% | 3,097 | $668K | Add +0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.23% | 3,436 | $607K | Reduce -2.0% |
| EFA iShares MSCI Eafe ETF | 0.22% | 6,647 | $594K | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 1,942 | $590K | Reduce -73.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.22% | 13,637 | $581K | Reduce -2.6% |
| ICSH iShares Ultra Short Duration | 0.22% | 11,430 | $580K | Add +1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 11,419 | $540K | Reduce -1.6% |
| SPSB SS SPDR P St C Corp. ETF | 0.20% | 17,378 | $525K | Reduce -12.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.18% | 9,015 | $472K | Reduce -3.9% |
| VZ Verizon Communications Inc. | 0.15% | 9,416 | $407K | Reduce -5.6% |
| META Meta Platforms Inc. Class A | 0.15% | 550 | $406K | Add +10.0% |
| IYW iShares Ustechnology ETF | 0.15% | 2,337 | $405K | No change |
| BDX Becton Dickinson and Co. | 0.15% | 2,252 | $388K | No change |
| JPM JPMorgan Chase & Co. | 0.13% | 1,194 | $346K | Add +0.3% |
| DHS Wisdomtree US High Dividend | 0.13% | 3,494 | $335K | Add +0.9% |
| DFAW Dimensional World Eqty ETF | 0.12% | 4,923 | $330K | Add +6.9% |
| PM Philip Morris International | 0.12% | 1,804 | $329K | Reduce -8.7% |
| RWO State Street SPDR Dow Jones | 0.12% | 7,312 | $323K | New |
| BMY Bristol-Myers Squibb Co. | 0.11% | 6,186 | $286K | Add +1.0% |
| NVDA Nvidia Corp. | 0.10% | 1,687 | $267K | New |
| VGSH Vanguard Short-Term Treasury | 0.10% | 4,461 | $262K | Add +0.6% |
| LRCX Lam Research Corp. | 0.09% | 2,485 | $242K | New |
| IWC iShares Micro-Cap ETF | 0.09% | 1,863 | $238K | Add +0.2% |
| JNJ Johnson & Johnson | 0.09% | 1,550 | $237K | Add +0.8% |
| PG The Procter & Gamble Co. | 0.09% | 1,483 | $236K | Add +1.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.09% | 1,998 | $232K | No change |
| PRF Invesco Rafi US 1000 ETF | 0.09% | 5,468 | $231K | Add +0.4% |
| MRK Merck & Co. Inc. | 0.09% | 2,918 | $231K | Reduce -41.2% |
| EVSD Eaton Vance SHRT Dur Inc. | 0.09% | 4,516 | $231K | New |
| SPEM State Street SP PTF Em ETF | 0.09% | 5,307 | $227K | Reduce -1.4% |
| IDCC Interdigital Inc. | 0.08% | 1,003 | $225K | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 408 | $225K | New |
| SCHW Schwab (charles) Corp. | 0.08% | 2,237 | $204K | New |
Portfolio Sells Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -27.7% | 3.08% | −1.45 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.85 |
| DFLV Dim US Large Cap Value ETF | Reduce -4.2% | 8.47% | −0.67 |
| VCRB Vanguard Core Bond ETF | Reduce -0.5% | 12.62% | −0.65 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -73.6% | 0.22% | −0.58 |
| SAFE Safehold Inc. | Sold out | 0.00% | −0.26 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -1.5% | 3.23% | −0.20 |
| RLY SS Multi-Asset Real Ret ETF | Reduce -3.3% | 2.84% | −0.18 |
| VTIP Vanguard Short-Term Tips | Reduce -3.3% | 2.14% | −0.16 |
| UPS United Parcel Service Class B | Reduce -0.0% | 0.87% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -41.2% | 0.09% | −0.09 |
| DFGR Dim Global Real Estate ETF | Reduce -1.4% | 2.09% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -21.4% | 0.26% | −0.09 |
| DFIC Dimensional International Co. | Reduce -8.9% | 2.39% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.7% | 3.00% | −0.06 |
| STHO Star Holdings | Sold out | 0.00% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -12.5% | 0.20% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -5.6% | 0.15% | −0.03 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -2.3% | 0.31% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.9% | 0.18% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.0% | 0.23% | −0.01 |
| DFIV Dimensional International Va | Reduce -4.0% | 1.59% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.6% | 0.22% | −0.01 |
| PM Philip Morris International | Reduce -8.7% | 0.12% | +0.00 |
| SPEM State Street SP PTF Em ETF | Reduce -1.4% | 0.09% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.22% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.4% | 0.31% | +0.01 |
| BAC Bank of America Corp. | Reduce -1.6% | 0.20% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -6.0% | 3.33% | +0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -6.9% | 0.45% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.5% | 0.84% | +0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -2.0% | 1.96% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 2.03% | +0.08 |
| IWF iShares Russell 1000 Growth | Reduce -0.6% | 1.10% | +0.11 |
| DFEM Dimensional Emrg MRKT Core | Reduce -1.4% | 2.58% | +0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.3% | 12.06% | +1.70 |
| MUB iShares National Muni Bond E | Add +67.1% | 2.13% | +0.78 |
| IVW iShares S&P 500 Growth ETF | Add +11.4% | 3.60% | +0.74 |
| IVE iShares S&P 500 Value ETF | Add +47.8% | 2.05% | +0.63 |
| IJR iShares Core S&P Small-Cap E | Add +47.3% | 1.13% | +0.36 |
| DFAS Dimensional US Small Cap ETF | Add +1.1% | 7.09% | +0.19 |
| DFIS Dimensional International SM | Add +1.8% | 1.65% | +0.18 |
| VXUS Vanguard Total Intl Stock | Add +54.5% | 0.43% | +0.17 |
| MSFT Microsoft Corp. | Add +8.2% | 0.48% | +0.13 |
| RWO State Street SPDR Dow Jones | New | 0.12% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +38.9% | 0.35% | +0.11 |
| NVDA Nvidia Corp. | New | 0.10% | +0.10 |
| LRCX Lam Research Corp. | New | 0.09% | +0.09 |
| EVSD Eaton Vance SHRT Dur Inc. | New | 0.09% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.08% | +0.08 |
| SCHW Schwab (charles) Corp. | New | 0.08% | +0.08 |
| META Meta Platforms Inc. Class A | Add +10.0% | 0.15% | +0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Add +0.2% | 0.37% | +0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +11.9% | 0.34% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.13% | +0.01 |
| DFAW Dimensional World Eqty ETF | Add +6.9% | 0.12% | +0.01 |
| IWC iShares Micro-Cap ETF | Add +0.2% | 0.09% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.25% | +0.01 |
| IDCC Interdigital Inc. | Add +0.3% | 0.08% | +0.00 |
| PRF Invesco Rafi US 1000 ETF | Add +0.4% | 0.09% | +0.00 |
| VGSH Vanguard Short-Term Treasury | Add +0.6% | 0.10% | −0.00 |
| ICSH iShares Ultra Short Duration | Add +1.2% | 0.22% | −0.01 |
| SUB iShares Short-Term National | Add +1.2% | 0.27% | −0.01 |
| DHS Wisdomtree US High Dividend | Add +0.9% | 0.13% | −0.01 |
| PG The Procter & Gamble Co. | Add +1.6% | 0.09% | −0.01 |
| AAPL Apple Inc. | Add +11.4% | 0.59% | −0.01 |
| JNJ Johnson & Johnson | Add +0.8% | 0.09% | −0.01 |
| PEG Public Service Enterprise GP | Add +0.0% | 0.46% | −0.01 |
| CNOB Connectone Bancorp Inc. | Add +0.8% | 0.25% | −0.02 |
| SHM SS SPDR N Ice St Muni ETF | Add +1.6% | 1.01% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Add +1.0% | 0.11% | −0.04 |
| SPTI SS SPDR P Int Term TSY ETF | Add +0.2% | 3.76% | −0.15 |
| XOM Exxon Mobil Corp. | Add +0.4% | 1.40% | −0.21 |
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 |