Tilson Financial Group, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Tilson Financial Group, Inc. reported 77 stock positions worth $304.3 million. Its top holding was Vanguard Core Bond ETF (VCRB) at 11.9% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 10.9%) and Dim US Large Cap Value ETF (DFLV, 8.0%). Compared with Q2 2025, it opened 4 new positions, sold out of 2, added to 35 and reduced 32. The biggest buy was Eaton Vance SHRT Dur (EVSD, shares +6274%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- NEW PROVIDENCE, NJ
- CIK
- 0001964820
- Portfolio Value
- $304.3M (Q3 2025)
- SEC Filing
- 0001964820-25-000007 ↗ filed Oct 22, 2025
Holdings Value
Holdings 77 stocks · $304.3M
| VCRB Vanguard Core Bond ETF | 11.89% | 461,275 | $36.2M | Add +6.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 10.88% | 69,011 | $33.1M | Reduce -5.4% |
| DFLV Dim US Large Cap Value ETF | 7.98% | 737,974 | $24.3M | Add +2.0% |
| DFAS Dimensional US Small Cap ETF | 6.62% | 294,454 | $20.2M | Reduce -0.2% |
| EVSD Eaton Vance SHRT Dur Inc. | 4.86% | 287,831 | $14.8M | Add +6273.6% |
| SPTI SS SPDR P Int Term TSY ETF | 3.38% | 356,432 | $10.3M | Add +2.8% |
| IVW iShares S&P 500 Growth ETF | 3.28% | 82,707 | $10.0M | Reduce -4.5% |
| VEA Vanguard Ftse Developed ETF | 2.93% | 148,741 | $8.9M | Reduce -4.0% |
| SPTS SS SPDR P St Term TSY ETF | 2.93% | 303,865 | $8.9M | Add +4.0% |
| EVSM Eaton Vance SHRT Dur Muni | 2.82% | 170,344 | $8.6M | New |
| VYM Vanguard High DVD Yield ETF | 2.81% | 60,573 | $8.5M | Add +1.5% |
| RLY SS Multi-Asset Real Ret ETF | 2.73% | 268,659 | $8.3M | Add +3.7% |
| DFEM Dimensional Emrg MRKT Core | 2.67% | 253,368 | $8.1M | Add +10.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.48% | 150,533 | $7.5M | Reduce -9.7% |
| MUB iShares National Muni Bond E | 2.39% | 68,345 | $7.3M | Add +26.7% |
| DFIC Dimensional International Co. | 2.03% | 188,159 | $6.2M | Reduce -7.9% |
| VTIP Vanguard Short-Term Tips | 1.91% | 114,636 | $5.8M | Add +1.4% |
| DFGR Dim Global Real Estate ETF | 1.88% | 209,114 | $5.7M | Add +1.1% |
| IVE iShares S&P 500 Value ETF | 1.86% | 27,445 | $5.7M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.85% | 8,465 | $5.6M | Reduce -2.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.75% | 67,901 | $5.3M | Reduce -5.2% |
| DFIS Dimensional International SM | 1.46% | 140,525 | $4.4M | Reduce -4.3% |
| DFIV Dimensional International Va | 1.45% | 95,942 | $4.4M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 1.30% | 35,070 | $4.0M | Add +2.2% |
| IJR iShares Core S&P Small-Cap E | 1.07% | 27,370 | $3.3M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 1.06% | 6,870 | $3.2M | Reduce -0.1% |
| SHM SS SPDR N Ice St Muni ETF | 0.91% | 57,463 | $2.8M | Add +2.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.72% | 51,383 | $2.2M | Reduce -7.1% |
| AAPL Apple Inc. | 0.64% | 7,618 | $1.9M | Reduce -0.0% |
| UPS United Parcel Service Class B | 0.63% | 22,887 | $1.9M | Reduce -0.0% |
| MSFT Microsoft Corp. | 0.48% | 2,810 | $1.5M | Add +9.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.41% | 11,829 | $1.2M | Reduce -5.5% |
| PEG Public Service Enterprise GP | 0.40% | 14,515 | $1.2M | Add +0.0% |
| VXUS Vanguard Total Intl Stock | 0.38% | 15,684 | $1.2M | Reduce -5.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 3,375 | $1.1M | Add +182.7% |
| SCZ iShares MSCI Eafe Small-Cap | 0.34% | 13,505 | $1.0M | Reduce -0.3% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.33% | 22,220 | $1.0M | Add +10.3% |
| IVV iShares Core S&P 500 ETF | 0.33% | 1,498 | $1.0M | Add +1.6% |
| ORCL Oracle Corp. | 0.32% | 3,435 | $966K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 15,607 | $846K | Reduce -6.6% |
| SPAB SS SPDR P Agg Bond ETF | 0.25% | 30,008 | $776K | Reduce -6.4% |
| IWM iShares Russell 2000 ETF | 0.25% | 3,104 | $751K | Add +0.2% |
| MCD McDonald's Corp. | 0.25% | 2,463 | $748K | Reduce -0.1% |
| CNOB Connectone Bancorp Inc. | 0.24% | 29,214 | $725K | Add +0.7% |
| AGG iShares Core U.S. Aggregate | 0.22% | 6,794 | $681K | Reduce -1.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 3,382 | $631K | Reduce -1.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.20% | 13,428 | $622K | Reduce -1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 11,820 | $610K | Add +3.5% |
| EFA iShares MSCI Eafe ETF | 0.20% | 6,521 | $609K | Reduce -1.9% |
| SUB iShares Short-Term National | 0.20% | 5,681 | $607K | Reduce -16.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 1,844 | $605K | Reduce -5.0% |
| ICSH iShares Ultra Short Duration | 0.19% | 11,565 | $587K | Add +1.2% |
| SCHW Schwab (charles) Corp. | 0.17% | 5,288 | $505K | Add +136.4% |
| VZ Verizon Communications Inc. | 0.15% | 10,504 | $462K | Add +11.6% |
| IYW iShares Ustechnology ETF | 0.15% | 2,354 | $461K | Add +0.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.15% | 8,226 | $455K | Reduce -8.8% |
| BDX Becton Dickinson and Co. | 0.14% | 2,252 | $421K | No change |
| DFAW Dimensional World Eqty ETF | 0.13% | 5,366 | $386K | Add +9.0% |
| DHS Wisdomtree US High Dividend | 0.12% | 3,520 | $355K | Add +0.7% |
| IDCC Interdigital Inc. | 0.11% | 1,006 | $347K | Add +0.3% |
| NVDA Nvidia Corp. | 0.11% | 1,790 | $334K | Add +6.1% |
| LRCX Lam Research Corp. | 0.11% | 2,485 | $333K | No change |
| RWO State Street SPDR Dow Jones | 0.10% | 6,973 | $319K | Reduce -4.6% |
| JNJ Johnson & Johnson | 0.10% | 1,688 | $313K | Add +8.9% |
| META Meta Platforms Inc. Class A | 0.10% | 426 | $313K | Reduce -22.6% |
| PM Philip Morris International | 0.10% | 1,804 | $293K | No change |
| BMY Bristol-Myers Squibb Co. | 0.10% | 6,445 | $291K | Add +4.2% |
| IWC iShares Micro-Cap ETF | 0.09% | 1,866 | $278K | Add +0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 463 | $278K | Add +13.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.08% | 1,998 | $252K | No change |
| SPEM State Street SP PTF Em ETF | 0.08% | 5,307 | $248K | No change |
| PRF Invesco Rafi US 1000 ETF | 0.08% | 5,491 | $248K | Add +0.4% |
| MRK Merck & Co. Inc. | 0.08% | 2,917 | $245K | Reduce -0.0% |
| PG The Procter & Gamble Co. | 0.08% | 1,492 | $229K | Add +0.6% |
| SCHG Schwab US Large-Cap Growth | 0.07% | 6,601 | $211K | New |
| IWD iShares Russell 1000 Value E | 0.07% | 1,016 | $207K | New |
| RGEN Repligen Corp. | 0.07% | 1,500 | $201K | New |
Portfolio Sells Q2 2025 → Q3 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -5.4% | 10.88% | −1.18 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -9.7% | 2.48% | −0.61 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.2% | 6.62% | −0.46 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.0% | 2.93% | −0.40 |
| DFIC Dimensional International Co. | Reduce -7.9% | 2.03% | −0.37 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.5% | 3.28% | −0.32 |
| UPS United Parcel Service Class B | Reduce -0.0% | 0.63% | −0.24 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -5.2% | 1.75% | −0.22 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.20 |
| DFIS Dimensional International SM | Reduce -4.3% | 1.46% | −0.19 |
| IVE iShares S&P 500 Value ETF | Reduce -1.1% | 1.86% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 1.85% | −0.17 |
| DFIV Dimensional International Va | Reduce -2.8% | 1.45% | −0.14 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -7.1% | 0.72% | −0.12 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.10 |
| SUB iShares Short-Term National | Reduce -16.6% | 0.20% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.3% | 1.07% | −0.06 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -6.4% | 0.25% | −0.05 |
| VXUS Vanguard Total Intl Stock | Reduce -5.3% | 0.38% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -22.6% | 0.10% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 1.06% | −0.04 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -5.5% | 0.41% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.6% | 0.28% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -1.1% | 0.22% | −0.03 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -0.3% | 0.34% | −0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -8.8% | 0.15% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.25% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -1.9% | 0.20% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.0% | 0.20% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.6% | 0.21% | −0.02 |
| RWO State Street SPDR Dow Jones | Reduce -4.6% | 0.10% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.5% | 0.20% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -0.0% | 0.08% | −0.01 |
| AAPL Apple Inc. | Reduce -0.0% | 0.64% | +0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| EVSD Eaton Vance SHRT Dur Inc. | Add +6273.6% | 4.86% | +4.77 |
| EVSM Eaton Vance SHRT Dur Muni | New | 2.82% | +2.82 |
| MUB iShares National Muni Bond E | Add +26.7% | 2.39% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +182.7% | 0.35% | +0.22 |
| DFEM Dimensional Emrg MRKT Core | Add +10.1% | 2.67% | +0.09 |
| SCHW Schwab (charles) Corp. | Add +136.4% | 0.17% | +0.09 |
| SCHG Schwab US Large-Cap Growth | New | 0.07% | +0.07 |
| IWD iShares Russell 1000 Value E | New | 0.07% | +0.07 |
| RGEN Repligen Corp. | New | 0.07% | +0.07 |
| IDCC Interdigital Inc. | Add +0.3% | 0.11% | +0.03 |
| JNJ Johnson & Johnson | Add +8.9% | 0.10% | +0.01 |
| NVDA Nvidia Corp. | Add +6.1% | 0.11% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.5% | 0.09% | +0.01 |
| DFAW Dimensional World Eqty ETF | Add +9.0% | 0.13% | +0.00 |
| IWC iShares Micro-Cap ETF | Add +0.2% | 0.09% | +0.00 |
| IYW iShares Ustechnology ETF | Add +0.7% | 0.15% | −0.00 |
| VZ Verizon Communications Inc. | Add +11.6% | 0.15% | −0.00 |
| BAC Bank of America Corp. | Add +3.5% | 0.20% | −0.00 |
| MSFT Microsoft Corp. | Add +9.5% | 0.48% | −0.00 |
| IWM iShares Russell 2000 ETF | Add +0.2% | 0.25% | −0.01 |
| PRF Invesco Rafi US 1000 ETF | Add +0.4% | 0.08% | −0.01 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +10.3% | 0.33% | −0.01 |
| DHS Wisdomtree US High Dividend | Add +0.7% | 0.12% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Add +4.2% | 0.10% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.08% | −0.01 |
| CNOB Connectone Bancorp Inc. | Add +0.7% | 0.24% | −0.02 |
| IVV iShares Core S&P 500 ETF | Add +1.6% | 0.33% | −0.02 |
| ICSH iShares Ultra Short Duration | Add +1.2% | 0.19% | −0.03 |
| PEG Public Service Enterprise GP | Add +0.0% | 0.40% | −0.06 |
| XOM Exxon Mobil Corp. | Add +2.2% | 1.30% | −0.10 |
| SHM SS SPDR N Ice St Muni ETF | Add +2.9% | 0.91% | −0.10 |
| RLY SS Multi-Asset Real Ret ETF | Add +3.7% | 2.73% | −0.12 |
| VYM Vanguard High DVD Yield ETF | Add +1.5% | 2.81% | −0.19 |
| DFGR Dim Global Real Estate ETF | Add +1.1% | 1.88% | −0.22 |
| VTIP Vanguard Short-Term Tips | Add +1.4% | 1.91% | −0.24 |
| SPTS SS SPDR P St Term TSY ETF | Add +4.0% | 2.93% | −0.30 |
| SPTI SS SPDR P Int Term TSY ETF | Add +2.8% | 3.38% | −0.38 |
| DFLV Dim US Large Cap Value ETF | Add +2.0% | 7.98% | −0.49 |
| VCRB Vanguard Core Bond ETF | Add +6.9% | 11.89% | −0.74 |
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 |