Tilson Financial Group, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Tilson Financial Group, Inc. reported 83 stock positions worth $325.0 million. Its top holding was Vanguard Core Bond ETF (VCRB) at 12.4% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 10.5%) and Dim US Large Cap Value ETF (DFLV, 8.0%). Compared with Q3 2025, it opened 6 new positions, added to 43 and reduced 31. The biggest buy was a new position in Vanguard Core Tax-Ex Bond (VCRM) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- NEW PROVIDENCE, NJ
- CIK
- 0001964820
- Portfolio Value
- $325.0M (Q4 2025)
- SEC Filing
- 0001964820-26-000001 ↗ filed Feb 5, 2026
Holdings Value
Holdings 83 stocks · $325.0M
| VCRB Vanguard Core Bond ETF | 12.41% | 517,564 | $40.3M | Add +12.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 10.45% | 69,625 | $34.0M | Add +0.9% |
| DFLV Dim US Large Cap Value ETF | 8.05% | 764,535 | $26.2M | Add +3.6% |
| DFAS Dimensional US Small Cap ETF | 6.51% | 303,666 | $21.2M | Add +3.1% |
| EVSD Eaton Vance SHRT Dur Inc. | 5.10% | 322,180 | $16.6M | Add +11.9% |
| SPTI SS SPDR P Int Term TSY ETF | 3.34% | 375,897 | $10.8M | Add +5.5% |
| IVW iShares S&P 500 Growth ETF | 3.10% | 81,773 | $10.1M | Reduce -1.1% |
| VEA Vanguard Ftse Developed ETF | 3.07% | 159,866 | $10.0M | Add +7.5% |
| SPTS SS SPDR P St Term TSY ETF | 2.90% | 321,412 | $9.4M | Add +5.8% |
| EVSM Eaton Vance SHRT Dur Muni | 2.73% | 176,279 | $8.9M | Add +3.5% |
| VYM Vanguard High DVD Yield ETF | 2.73% | 61,866 | $8.9M | Add +2.1% |
| DFEM Dimensional Emrg MRKT Core | 2.73% | 268,094 | $8.9M | Add +5.8% |
| RLY SS Multi-Asset Real Ret ETF | 2.69% | 278,166 | $8.7M | Add +3.5% |
| MUB iShares National Muni Bond E | 2.13% | 64,663 | $6.9M | Reduce -5.4% |
| VTIP Vanguard Short-Term Tips | 1.91% | 125,215 | $6.2M | Add +9.2% |
| DFIC Dimensional International Co. | 1.90% | 178,807 | $6.2M | Reduce -5.0% |
| DFGR Dim Global Real Estate ETF | 1.83% | 224,865 | $5.9M | Add +7.5% |
| IVE iShares S&P 500 Value ETF | 1.77% | 27,110 | $5.7M | Reduce -1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.73% | 8,234 | $5.6M | Reduce -2.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.72% | 69,606 | $5.6M | Add +2.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.63% | 105,024 | $5.3M | Reduce -30.2% |
| DFIS Dimensional International SM | 1.52% | 150,256 | $4.9M | Add +6.9% |
| DFIV Dimensional International Va | 1.52% | 98,923 | $4.9M | Add +3.1% |
| VCRM Vanguard Core Tax-Ex Bond | 1.31% | 56,518 | $4.3M | New |
| XOM Exxon Mobil Corp. | 1.28% | 34,689 | $4.2M | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 1.01% | 27,343 | $3.3M | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 1.00% | 6,854 | $3.2M | Reduce -0.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.83% | 56,108 | $2.7M | Reduce -2.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.70% | 51,173 | $2.3M | Reduce -0.4% |
| UPS United Parcel Service Class B | 0.70% | 22,898 | $2.3M | Add +0.1% |
| AAPL Apple Inc. | 0.64% | 7,605 | $2.1M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.42% | 2,807 | $1.4M | Reduce -0.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.39% | 11,754 | $1.3M | Reduce -0.6% |
| VXUS Vanguard Total Intl Stock | 0.36% | 15,638 | $1.2M | Reduce -0.3% |
| PEG Public Service Enterprise GP | 0.36% | 14,518 | $1.2M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 0.35% | 3,564 | $1.1M | Add +5.6% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.33% | 23,469 | $1.1M | Add +5.6% |
| IVV iShares Core S&P 500 ETF | 0.32% | 1,501 | $1.0M | Add +0.2% |
| SCZ iShares MSCI Eafe Small-Cap | 0.31% | 13,014 | $1.0M | Reduce -3.6% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 15,566 | $837K | Reduce -0.3% |
| DFAW Dimensional World Eqty ETF | 0.24% | 10,542 | $780K | Add +96.5% |
| CNOB Connectone Bancorp Inc. | 0.24% | 29,418 | $771K | Add +0.7% |
| IWM iShares Russell 2000 ETF | 0.24% | 3,113 | $766K | Add +0.3% |
| SPAB SS SPDR P Agg Bond ETF | 0.23% | 29,563 | $761K | Reduce -1.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 1 | $755K | New |
| MCD McDonald's Corp. | 0.23% | 2,464 | $753K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.23% | 2,388 | $747K | New |
| AGG iShares Core U.S. Aggregate | 0.21% | 6,797 | $679K | Add +0.0% |
| ORCL Oracle Corp. | 0.21% | 3,435 | $670K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.20% | 3,390 | $647K | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 11,530 | $634K | Reduce -2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 1,845 | $618K | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 0.19% | 6,399 | $615K | Reduce -1.9% |
| SUB iShares Short-Term National | 0.19% | 5,712 | $609K | Add +0.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.19% | 12,990 | $609K | Reduce -3.3% |
| ICSH iShares Ultra Short Duration | 0.18% | 11,652 | $589K | Add +0.8% |
| SCHW Schwab (charles) Corp. | 0.16% | 5,262 | $526K | Reduce -0.5% |
| IYW iShares Ustechnology ETF | 0.16% | 2,528 | $505K | Add +7.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.14% | 8,115 | $461K | Reduce -1.4% |
| VZ Verizon Communications Inc. | 0.13% | 10,192 | $415K | Reduce -3.0% |
| SCHG Schwab US Large-Cap Growth | 0.12% | 12,420 | $405K | Add +88.2% |
| LRCX Lam Research Corp. | 0.12% | 2,325 | $398K | Reduce -6.4% |
| NVDA Nvidia Corp. | 0.11% | 1,996 | $372K | Add +11.5% |
| DHS Wisdomtree US High Dividend | 0.11% | 3,551 | $362K | Add +0.9% |
| BDX Becton Dickinson and Co. | 0.11% | 1,807 | $351K | Reduce -19.8% |
| BMY Bristol-Myers Squibb Co. | 0.11% | 6,349 | $342K | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.10% | 1,559 | $323K | Reduce -7.6% |
| IDCC Interdigital Inc. | 0.10% | 1,008 | $321K | Add +0.2% |
| RWO State Street SPDR Dow Jones | 0.10% | 7,011 | $316K | Add +0.5% |
| MRK Merck & Co. Inc. | 0.09% | 2,931 | $309K | Add +0.5% |
| IWC iShares Micro-Cap ETF | 0.09% | 1,871 | $295K | Add +0.3% |
| PM Philip Morris International | 0.09% | 1,803 | $289K | Reduce -0.1% |
| PRF Invesco Rafi US 1000 ETF | 0.08% | 5,513 | $259K | Add +0.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.08% | 1,998 | $257K | No change |
| SPEM State Street SP PTF Em ETF | 0.08% | 5,395 | $253K | Add +1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 409 | $251K | Reduce -11.7% |
| META Meta Platforms Inc. Class A | 0.08% | 380 | $251K | Reduce -10.8% |
| RGEN Repligen Corp. | 0.08% | 1,500 | $246K | No change |
| PG The Procter & Gamble Co. | 0.07% | 1,501 | $215K | Add +0.6% |
| IWD iShares Russell 1000 Value E | 0.07% | 1,017 | $214K | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.07% | 339 | $212K | New |
| AVGO Broadcom Inc. | 0.06% | 594 | $206K | New |
| XMVFX BlackRock Munivest Fund | 0.03% | 14,701 | $102K | New |
Portfolio Sells Q3 2025 → Q4 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -30.2% | 1.63% | −0.85 |
| MUB iShares National Muni Bond E | Reduce -5.4% | 2.13% | −0.26 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.1% | 3.10% | −0.18 |
| DFIC Dimensional International Co. | Reduce -5.0% | 1.90% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.7% | 1.73% | −0.13 |
| IVE iShares S&P 500 Value ETF | Reduce -1.2% | 1.77% | −0.09 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -2.4% | 0.83% | −0.08 |
| MSFT Microsoft Corp. | Reduce -0.1% | 0.42% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -0.2% | 1.00% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 1.01% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -19.8% | 0.11% | −0.03 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -3.6% | 0.31% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -10.8% | 0.08% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -3.0% | 0.13% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.4% | 0.70% | −0.02 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -1.5% | 0.23% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.3% | 0.26% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.6% | 0.39% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -3.3% | 0.19% | −0.02 |
| VXUS Vanguard Total Intl Stock | Reduce -0.3% | 0.36% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 1.28% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.7% | 0.08% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.9% | 0.19% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.4% | 0.14% | −0.01 |
| PM Philip Morris International | Reduce -0.1% | 0.09% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.5% | 0.20% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -0.5% | 0.16% | −0.00 |
| JNJ Johnson & Johnson | Reduce -7.6% | 0.10% | −0.00 |
| AAPL Apple Inc. | Reduce -0.2% | 0.64% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.5% | 0.11% | +0.01 |
| LRCX Lam Research Corp. | Reduce -6.4% | 0.12% | +0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VCRM Vanguard Core Tax-Ex Bond | New | 1.31% | +1.31 |
| VCRB Vanguard Core Bond ETF | Add +12.2% | 12.41% | +0.52 |
| EVSD Eaton Vance SHRT Dur Inc. | Add +11.9% | 5.10% | +0.24 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.23% | +0.23 |
| GOOGL Alphabet Inc. Class A | New | 0.23% | +0.23 |
| VEA Vanguard Ftse Developed ETF | Add +7.5% | 3.07% | +0.14 |
| DFAW Dimensional World Eqty ETF | Add +96.5% | 0.24% | +0.11 |
| UPS United Parcel Service Class B | Add +0.1% | 0.70% | +0.07 |
| DFLV Dim US Large Cap Value ETF | Add +3.6% | 8.05% | +0.07 |
| VOO Vanguard S&P 500 ETF | New | 0.07% | +0.07 |
| DFIV Dimensional International Va | Add +3.1% | 1.52% | +0.06 |
| AVGO Broadcom Inc. | New | 0.06% | +0.06 |
| DFIS Dimensional International SM | Add +6.9% | 1.52% | +0.06 |
| DFEM Dimensional Emrg MRKT Core | Add +5.8% | 2.73% | +0.06 |
| SCHG Schwab US Large-Cap Growth | Add +88.2% | 0.12% | +0.06 |
| XMVFX BlackRock Munivest Fund | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.09% | +0.01 |
| NVDA Nvidia Corp. | Add +11.5% | 0.11% | +0.00 |
| IYW iShares Ustechnology ETF | Add +7.4% | 0.16% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +5.6% | 0.35% | +0.00 |
| IWC iShares Micro-Cap ETF | Add +0.3% | 0.09% | −0.00 |
| CNOB Connectone Bancorp Inc. | Add +0.7% | 0.24% | −0.00 |
| VTIP Vanguard Short-Term Tips | Add +9.2% | 1.91% | −0.00 |
| PRF Invesco Rafi US 1000 ETF | Add +0.4% | 0.08% | −0.00 |
| IWD iShares Russell 1000 Value E | Add +0.1% | 0.07% | −0.00 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +5.6% | 0.33% | −0.00 |
| SPEM State Street SP PTF Em ETF | Add +1.7% | 0.08% | −0.00 |
| DHS Wisdomtree US High Dividend | Add +0.9% | 0.11% | −0.01 |
| RWO State Street SPDR Dow Jones | Add +0.5% | 0.10% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.2% | 0.20% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.19% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.07% | −0.01 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.24% | −0.01 |
| ICSH iShares Ultra Short Duration | Add +0.8% | 0.18% | −0.01 |
| SUB iShares Short-Term National | Add +0.6% | 0.19% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 0.32% | −0.01 |
| MCD McDonald's Corp. | Add +0.0% | 0.23% | −0.01 |
| AGG iShares Core U.S. Aggregate | Add +0.0% | 0.21% | −0.01 |
| IDCC Interdigital Inc. | Add +0.2% | 0.10% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +2.5% | 1.72% | −0.03 |
| SPTS SS SPDR P St Term TSY ETF | Add +5.8% | 2.90% | −0.03 |
| RLY SS Multi-Asset Real Ret ETF | Add +3.5% | 2.69% | −0.03 |
| PEG Public Service Enterprise GP | Add +0.0% | 0.36% | −0.04 |
| DFGR Dim Global Real Estate ETF | Add +7.5% | 1.83% | −0.05 |
| SPTI SS SPDR P Int Term TSY ETF | Add +5.5% | 3.34% | −0.05 |
| VYM Vanguard High DVD Yield ETF | Add +2.1% | 2.73% | −0.07 |
| EVSM Eaton Vance SHRT Dur Muni | Add +3.5% | 2.73% | −0.09 |
| DFAS Dimensional US Small Cap ETF | Add +3.1% | 6.51% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.9% | 10.45% | −0.42 |
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 |