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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

TFB Advisors LLC

Quarter ended Q2 2025 · Filed July 30, 2025 · Accession 0001830817-25-000004

Total Value
$381.8M
Positions
334
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (334)

#IssuerTicker / CUSIPSharesValue% of Filing
1VANGUARD INDEX FDS92290836334,930$19.8M5.20%
2VANGUARD WORLD FD92191081643,069$15.8M4.13%
3NVIDIA CORPORATIONNVDA75,328$11.9M3.12%
4ISHARES TR46428720017,626$10.9M2.87%
5VANGUARD WORLD FD92191084082,292$10.8M2.83%
6MICROSOFT CORPMSFT15,134$7.5M1.97%
7ISHARES TR46432F84278,029$6.5M1.71%
8ISHARES TR46428851380,352$6.5M1.70%
9APPLE INCAAPL31,357$6.4M1.69%
10VANGUARD INDEX FDS92290851236,264$6.0M1.56%
11VANGUARD SPECIALIZED FUNDS92190884427,105$5.5M1.45%
12AMAZON COM INCAMZN24,792$5.4M1.42%
13VANGUARD INDEX FDS92290861127,505$5.4M1.40%
14VANGUARD INDEX FDS92290853818,481$5.3M1.38%
15PIMCO ETF TR72201R83347,253$4.8M1.24%
16INVESCO QQQ TRIVZ8,124$4.5M1.17%
17ISHARES TR46428745747,967$4.0M1.04%
18VANGUARD INDEX FDS92290876912,748$3.9M1.01%
19ALPHABET INCGOOG20,926$3.7M0.97%
20FIDELITY MERRIMACK STR TR31618830979,453$3.6M0.95%
21ISHARES INC46434G10356,265$3.4M0.88%
22VANGUARD INDEX FDS92290875113,819$3.3M0.86%
23ISHARES TR46428749935,208$3.2M0.85%
24PROCTER AND GAMBLE CO74271810920,303$3.2M0.85%
25META PLATFORMS INCMETA4,212$3.1M0.81%
26ISHARES TR46428765514,223$3.1M0.80%
27APOLLO GLOBAL MGMT INC03769M10620,666$2.9M0.77%
28ISHARES TR46428722628,719$2.8M0.75%
29VANGUARD INDEX FDS92290865213,693$2.6M0.69%
30BERKSHIRE HATHAWAY INC DELBRK-A5,299$2.6M0.67%
31VANGUARD INDEX FDS9229085959,096$2.5M0.66%
32SPDR SERIES TRUST78468R66326,783$2.5M0.64%
33VANGUARD INDEX FDS9229087365,557$2.4M0.64%
34VANGUARD INDEX FDS92290874413,727$2.4M0.64%
35BROADCOM INCAVGO8,681$2.4M0.63%
36ISHARES TR46432F3969,775$2.3M0.62%
37AMERICAN CENTY ETF TR02507287724,187$2.2M0.58%
38ISHARES TR46428863840,338$2.1M0.56%
39SPDR SERIES TRUST78468R62221,972$2.1M0.56%
40ISHARES TR46434V40748,931$2.1M0.55%
41ISHARES TR46428747315,106$2.0M0.52%
42ISHARES TR46428750731,619$2.0M0.51%
43JPMORGAN CHASE & CO.VYLD6,562$1.9M0.50%
44FIRST TR EXCHNG TRADED FD VI33740F75556,380$1.8M0.47%
45ISHARES TR46435G32623,044$1.8M0.46%
46VANGUARD WHITEHALL FDS92194640613,025$1.7M0.45%
47ISHARES TR46428866114,520$1.7M0.45%
48ISHARES TR46428763010,860$1.7M0.45%
49TESLA INCTSLA5,234$1.7M0.44%
50VISA INCV4,682$1.7M0.44%
51FIRST TR HIGH YIELD OPPRT 2033741Q107110,636$1.6M0.43%
52AMERICAN CENTY ETF TR02507288516,163$1.6M0.43%
53ISHARES TR46429B26770,820$1.6M0.43%
54AMERICAN CENTY ETF TR02507260423,593$1.6M0.42%
55WALMART INCWMT16,080$1.6M0.41%
56AT&T INCT-PC51,842$1.5M0.39%
57FIRST TR EXCHNG TRADED FD VI33740F62331,172$1.5M0.39%
58VISTRA CORPVST7,524$1.5M0.38%
59BERKSHIRE HATHAWAY INC DELBRK-A2$1.5M0.38%
60J P MORGAN EXCHANGE TRADED F46641Q13420,582$1.5M0.38%
61J P MORGAN EXCHANGE TRADED F46641Q39912,852$1.4M0.38%
62BLACKSTONE INCBX9,615$1.4M0.38%
63ISHARES INC46428652512,123$1.4M0.38%
64ORACLE CORPORCL-PD6,551$1.4M0.38%
65VANGUARD WELLINGTON FD92193560710,147$1.4M0.36%
66ISHARES TR46435U85336,271$1.4M0.36%
67ALPHABET INCGOOG7,482$1.3M0.35%
68VANGUARD CHARLOTTE FDS92203J40726,733$1.3M0.35%
69ISHARES TR46428724211,943$1.3M0.34%
70ELI LILLY & COLLY1,671$1.3M0.34%
71ISHARES TR46428844837,113$1.3M0.34%
72VANGUARD INDEX FDS9229086294,480$1.3M0.33%
73FIRST TR EXCHANGE TRADED FD33738R50619,923$1.2M0.33%
74ISHARES TR46428865311,713$1.2M0.31%
75UNITED THERAPEUTICS CORP DELUTHR4,021$1.2M0.30%
76ISHARES TR46435G25024,275$1.2M0.30%
77AFLAC INCAFL10,718$1.1M0.30%
78SPDR INDEX SHS FDS78463X88927,730$1.1M0.29%
79VANGUARD SCOTTSDALE FDS92206C77123,806$1.1M0.29%
80SPDR SERIES TRUST78464A40911,566$1.1M0.29%
81ISHARES TR46428862021,302$1.1M0.29%
82WESTERN ASSET HIGH YIELD DEFHYI91,322$1.1M0.29%
83COSTCO WHSL CORP NEW22160K1051,098$1.1M0.28%
84ISHARES TR46428841410,382$1.1M0.28%
85J P MORGAN EXCHANGE TRADED F46654Q74016,836$1.1M0.28%
86BLACKROCK ETF TRUSTBLK19,343$1.1M0.28%
87INTUITIVE SURGICAL INCISRG1,876$1.0M0.27%
88VEEVA SYS INCVEEV3,523$1.0M0.27%
89SPOTIFY TECHNOLOGY S ASPOT1,305$1.0M0.26%
90ISHARES TR4642871769,034$994,0680.26%
91FIRST TR EXCHANGE-TRADED FD33739Q20019,745$972,6390.25%
92SPDR S&P 500 ETF TRSPY1,561$964,3890.25%
93INVESCO EXCHANGE TRADED FD TIVZ5,253$954,6800.25%
94AMGEN INCAMGN3,382$944,2880.25%
95VERIZON COMMUNICATIONS INCVZ21,537$931,9160.24%
96KKR & CO INCKKRT6,707$892,2700.23%
97VANGUARD SCOTTSDALE FDS92206C87010,476$868,6800.23%
98SPROUTS FMRS MKT INC85208M1025,264$866,6650.23%
99VANGUARD TAX-MANAGED FDS92194385815,198$866,4210.23%
100MASTERCARD INCORPORATEDMA1,533$861,4610.23%
101HARTFORD INSURANCE GROUP INCHIG-PG6,752$856,6260.22%
102FIRST TR EXCHNG TRADED FD VI33740U42229,096$852,5130.22%
103VANGUARD WELLINGTON FD9219355084,916$848,0260.22%
104INVESCO EXCHANGE TRADED FD TIVZ6,523$839,0330.22%
105FIRST TR EXCHNG TRADED FD VI33740F72215,590$836,7150.22%
106FIRST TR EXCHNG TRADED FD VI33740U30717,338$832,3710.22%
107CHIPOTLE MEXICAN GRILL INCCMG14,579$818,6110.21%
108ISHARES TR46434V61317,701$818,3170.21%
109FIRST TR EXCHANGE TRADED FD33738R30835,773$817,4130.21%
110FIRST TR EXCHNG TRADED FD VI33740U88519,259$812,5370.21%
111DRAFTKINGS INC NEWDKNG18,807$806,6320.21%
112ADVANCED MICRO DEVICES INCAMD5,665$803,8640.21%
113EXXON MOBIL CORPXOM7,420$799,8760.21%
114SHOPIFY INCSHOP6,922$798,4530.21%
115FIRST TR EXCHNG TRADED FD VI33740F59917,740$795,4620.21%
116EVEREST GROUP LTDEG2,293$779,2760.20%
117FIRST TR EXCHNG TRADED FD VI33740U50516,649$776,9510.20%
118SERVICENOW INCNOW751$772,0880.20%
119SYNCHRONY FINANCIALSYF-PB11,497$767,3100.20%
120PULTE GROUP INC7458671017,262$765,8510.20%
121VANGUARD WORLD FD92204A7021,151$763,4350.20%
122NEUBERGER BERMAN ETF TRUST64135A20022,128$758,6540.20%
123SCHWAB STRATEGIC TR80852430025,674$749,9480.20%
124NETFLIX INCNFLX557$746,0720.20%
125NRG ENERGY INCNRG4,560$732,2450.19%
126FIRST TR EXCHNG TRADED FD VI33740F86214,620$716,8190.19%
127FIRST TR EXCHNG TRADED FD VI33740F76313,669$716,4030.19%
128ISHARES TR46428781210,156$715,8260.19%
129FIRST TR EXCHNG TRADED FD VI33740U20813,725$710,1250.19%
130ROBINHOOD MKTS INC7707001027,554$707,2810.19%
131FIRST TR EXCHNG TRADED FD VI33740F66415,789$706,8740.19%
132FIRST TR EXCHNG TRADED FD VI33740F84714,074$705,2480.18%
133ISHARES TR4642873096,399$704,5820.18%
134FIRST TR EXCHNG TRADED FD VI33740F74814,063$703,5720.18%
135ISHARES INC46434G8229,170$687,4750.18%
136MCDONALDS CORPMCD2,321$678,1270.18%
137INTUITINTU856$674,2110.18%
138TRADEWEB MKTS INC8926721064,594$672,5620.18%
139ISHARES TR46434V73810,072$666,7580.17%
140AMERICAN CENTY ETF TR0250723499,491$647,3830.17%
141UBER TECHNOLOGIES INCUBER6,812$635,5600.17%
142ALTRIA GROUP INCMO10,737$629,5100.16%
143QUALCOMM INCQCOM3,939$627,3250.16%
144VANGUARD WHITEHALL FDS9219467947,808$625,4980.16%
145CATERPILLAR INCCAT1,607$623,8530.16%
146ARCH CAP GROUP LTDG0450A1056,607$601,5670.16%
147FIRST TR EXCHANGE-TRADED FD33738D80431,319$598,8190.16%
148VANGUARD BD INDEX FDS9219378358,121$597,9490.16%
149PALO ALTO NETWORKS INCPANW2,912$595,9120.16%
150J P MORGAN EXCHANGE TRADED F46641Q3738,792$593,4360.16%
151DIMENSIONAL ETF TRUST25434V88020,204$593,3910.16%
152ISHARES TR4642875983,043$591,1100.15%
153GOLDMAN SACHS GROUP INCGSCE826$584,6020.15%
154SALESFORCE INCCRM2,133$581,6480.15%
155VANGUARD INDEX FDS9229085536,498$578,7300.15%
156VANGUARD INTL EQUITY INDEX F9220427184,239$569,6790.15%
157MARSH & MCLENNAN COS INC5717481022,590$566,2780.15%
158ISHARES TR4642871684,229$561,7190.15%
159CONSTELLATION ENERGY CORPCEG1,739$561,2800.15%
160NEUBERGER BERMAN ETF TRUST64135A70521,352$556,0060.15%
161D R HORTON INC23331A1094,285$552,4220.14%
162DIMENSIONAL ETF TRUST25434V70815,389$551,5420.14%
163ARM HOLDINGS PLC0420682053,409$551,3720.14%
164ISHARES TR4642874405,756$551,2150.14%
165NOVA LTDNVMI1,978$544,3460.14%
166ISHARES INC46428650911,508$531,6700.14%
167FOX CORPFOX9,466$530,4750.14%
168ABBOTT LABSABLZF3,899$530,3530.14%
169INGREDION INCINGR3,881$526,3410.14%
170KLA CORPKLAC585$524,0080.14%
171COCA COLA COKO7,337$519,0930.14%
172SNOWFLAKE INCSNOW2,311$517,1320.14%
173BUILDERS FIRSTSOURCE INCBLDR4,406$514,1360.13%
174HOME DEPOT INCHD1,394$511,0960.13%
175TAYLOR MORRISON HOME CORPTMHC8,315$510,7070.13%
176DISNEY WALT CO2546871064,041$501,1240.13%
177PHILIP MORRIS INTL INC7181721092,751$501,0400.13%
178SPDR SERIES TRUST78464A2015,621$498,8620.13%
179ASML HOLDING N VASMLF622$498,4650.13%
180VANGUARD INTL EQUITY INDEX F92204285810,076$498,3590.13%
181SHERWIN WILLIAMS COSHW1,445$496,1550.13%
182AMERICAN CENTY ETF TR0250727036,673$493,8690.13%
183FIRST TR EXCHNG TRADED FD VI33740U70318,547$492,6080.13%
184LINDE PLCLIN1,048$491,7010.13%
185GILEAD SCIENCES INCGILD4,357$483,0770.13%
186TRANE TECHNOLOGIES PLCTT1,102$482,0260.13%
187FRANKLIN TEMPLETON ETF TRFGDL19,733$480,4990.13%
188S&P GLOBAL INCSPGI900$474,5610.12%
189REGENERON PHARMACEUTICALSREGN899$471,9750.12%
190FIRST TR EXCH TRADED FD III33739P1037,102$470,7210.12%
191SPDR SERIES TRUST78464A37513,889$466,3930.12%
192DIMENSIONAL ETF TRUST25434V4016,946$465,5210.12%
193SUN LIFE FINANCIAL INC.SUNFF7,000$465,1500.12%
194VERTEX PHARMACEUTICALS INCVRTX1,039$462,5630.12%
195ADT INC DELADT54,439$461,0940.12%
196VANGUARD STAR FDS9219097686,589$455,2230.12%
197FIRST TR EXCHANGE TRAD FD VI33740Y10116,370$454,2680.12%
198STEEL DYNAMICS INCSTLD3,540$453,1550.12%
199ISHARES TR4642878617,110$449,7080.12%
200COMPASS INCCOMP71,471$448,8380.12%
201UNITED AIRLS HLDGS INCUNTCW5,630$448,3170.12%
202TRANSDIGM GROUP INCTDG289$439,4650.12%
203FIRST TR EXCHANGE-TRADED FD33739G1039,681$437,6780.11%
204HEICO CORP NEWHEI-A1,331$436,5680.11%
205PARKER-HANNIFIN CORPPH619$432,3530.11%
206SCHWAB STRATEGIC TR80852486217,608$429,2930.11%
207VANGUARD SCOTTSDALE FDS92206C6644,903$427,6060.11%
208ISHARES TR4642886468,043$424,3560.11%
209SNAP ON INCSNA1,338$416,3590.11%
210CINTAS CORPCTAS1,861$414,7610.11%
211ISHARES TR4642877212,382$412,7820.11%
212ALIBABA GROUP HLDG LTDBBAAY3,639$412,6990.11%
213FLEXSHARES TRFLEX4,893$408,4080.11%
214TJX COS INC NEW8725401093,305$408,1340.11%
215ISHARES TR46428868713,242$406,2570.11%
216ISHARES TR4642878043,701$404,4300.11%
217SELECT SECTOR SPDR TR81369Y8031,591$402,8240.11%
218FIRST TR EXCHNG TRADED FD VI33740F88815,798$393,2070.10%
219MONOLITHIC PWR SYS INC609839105528$386,1690.10%
220ISHARES U S ETF TR46431W6484,080$383,5200.10%
221ISHARES TR46429B6974,054$380,5490.10%
222SPDR INDEX SHS FDS78463X4344,425$377,6530.10%
223SCHWAB STRATEGIC TR80852479714,178$375,7170.10%
224CHEVRON CORP NEWCVX2,609$373,5760.10%
225TOAST INCTOST8,383$371,2830.10%
226AMERICAN CENTY ETF TR0250723645,920$368,4310.10%
227SPDR SERIES TRUST78464A8545,068$368,4070.10%
228ISHARES TR4642887862,720$365,6740.10%
229ABBVIE INCABBV1,944$360,8450.09%
230ISHARES TR4642871274,158$356,6500.09%
231ISHARES TR4642874653,974$355,2280.09%
232JOHNSON & JOHNSONJNJ2,320$354,3800.09%
233PILGRIMS PRIDE CORPPPC7,833$352,3280.09%
234CAPITAL ONE FINL CORP14040H1051,651$351,2670.09%
235BOEING COBA-PA1,649$345,5150.09%
236COMCAST CORP NEWCCZ9,445$337,0830.09%
237VANECK ETF TRUST92189F43711,505$336,8600.09%
238FIRST TR EXCHANGE-TRADED FD33741X1029,526$336,0770.09%
239GE AEROSPACE3696043011,293$332,7760.09%
240SPDR SERIES TRUST78468R40812,908$328,8960.09%
241PEPSICO INCPEP2,460$324,8180.09%
242VANGUARD INTL EQUITY INDEX F9220427754,805$322,9920.08%
243BANK AMERICA CORP0605051046,822$322,8190.08%
244FIRST TR EXCHANGE TRAD FD VI33739H10113,063$322,2640.08%
245MORGAN STANLEYMS-PQ2,280$321,2220.08%
246AMERICAN CENTY ETF TR0250728024,049$321,0050.08%
247SPDR INDEX SHS FDS78463X5097,476$319,5210.08%
248APPLIED MATLS INC0382221051,728$316,3310.08%
249MERCADOLIBRE INCMELI121$316,2490.08%
250J P MORGAN EXCHANGE TRADED F46641Q2175,096$314,8310.08%
251DOCUSIGN INCDOCU4,030$313,8970.08%
252SYNOPSYS INCSNPS607$311,1970.08%
253BLACKROCK ETF TRUST IIBLK5,878$310,6150.08%
254BIOGEN INCBIIB2,471$310,3330.08%
255FIRST TR EXCHANGE-TRADED FD33734H1066,935$310,0050.08%
256AMERICAN EXPRESS COAXP970$309,4110.08%
257HUBSPOT INCHUBS551$306,7030.08%
258SPDR SERIES TRUST78468R7542,374$306,4830.08%
259ISHARES GOLD TRIAU4,880$304,3170.08%
260MERCK & CO INCMRK3,810$301,5910.08%
261T-MOBILE US INCTMUSZ1,263$300,9220.08%
262FIRST TR EXCHANGE-TRADED FD33739Q7056,117$300,3450.08%
263AMERICAN CENTY ETF TR0250723725,578$298,6750.08%
264BNY MELLON ETF TRUST09661T8006,174$298,1080.08%
265VANGUARD BD INDEX FDS9219378193,835$296,5990.08%
266ISHARES TR4642886792,619$289,1900.08%
267FIRST TR EXCHNG TRADED FD VI33740U77811,306$288,7550.08%
268REDDIT INCRDDT1,917$288,6430.08%
269NEXTERA ENERGY INCNEE-PW4,124$286,2880.07%
270DIMENSIONAL ETF TRUST25434V6095,288$285,3400.07%
271CISCO SYS INCCSCO4,024$279,2000.07%
272INDEPENDENCE RLTY TR INC45378A10615,492$274,0460.07%
273CNX RES CORPCNX8,135$273,9870.07%
274CITIZENS FINL GROUP INCCIA6,079$272,0350.07%
275INTERNATIONAL BUSINESS MACHSINTR912$268,8390.07%
276HCA HEALTHCARE INCHCA696$266,6380.07%
277PFIZER INCPFE10,942$265,2310.07%
278FIRST TR EXCHANGE-TRADED FD33738D87910,732$265,1880.07%
279CHUBB LIMITEDCB912$264,2250.07%
280CROWDSTRIKE HLDGS INCCRWD512$260,7670.07%
281KIMBERLY-CLARK CORPKMB2,022$260,6760.07%
282BOOKING HOLDINGS INCBKNG45$260,5480.07%
283PNC FINL SVCS GROUP INC6934751051,387$258,5650.07%
284CONOCOPHILLIPSCOP2,860$256,6340.07%
285WILLIAMS SONOMA INCWSM1,569$256,3280.07%
286SPDR SERIES TRUST78464A28410,343$256,3050.07%
287VANGUARD INTL EQUITY INDEX F9220427421,986$255,2390.07%
288FIDELITY COVINGTON TRUST3160928404,879$253,8060.07%
289BECTON DICKINSON & COBDX1,458$251,1410.07%
290PROCORE TECHNOLOGIES INCPCOR3,634$248,6380.07%
291BANK NEW YORK MELLON CORP0640581002,725$248,2750.07%
292BLACKROCK INCBLK236$248,0120.06%
293ADOBE INCADBE640$247,6030.06%
294SPDR SERIES TRUST78464A6649,310$247,4600.06%
295DEERE & CODE486$247,1260.06%
296FIRST TR EXCHNG TRADED FD VI33740F5739,607$245,0750.06%
297FIRST TR EXCHANGE-TRADED FD33738D74712,018$244,2530.06%
298VANGUARD WORLD FD92204A603859$240,5800.06%
299CMS ENERGY CORPCMS-PC3,441$238,3920.06%
300ISHARES TR4642886044,766$237,1330.06%
301WELLS FARGO CO NEW9497461012,947$236,1140.06%
302QUANTA SVCS INC74762E102622$235,1660.06%
303INNOVATOR ETFS TRUSTINHD6,251$234,2870.06%
304ISHARES TR464287648809$231,2550.06%
305NXP SEMICONDUCTORS N VNXPI1,053$230,0700.06%
306SELECT SECTOR SPDR TR81369Y8605,549$229,8580.06%
307VICI PPTYS INC9256521097,044$229,6340.06%
308FIRST TR EXCHANGE-TRADED FD33733E302845$227,5840.06%
309FIDELITY WISE ORIGIN BITCOINFBTC2,418$227,2680.06%
310FIRST TR EXCHANGE-TRADED FD33739Q4083,793$227,0670.06%
311EOG RES INCEOG1,885$225,4650.06%
312RTX CORPORATIONRTX1,530$223,4110.06%
313SELECT SECTOR SPDR TR81369Y6054,210$220,4930.06%
314PUBLIC SVC ENTERPRISE GRP IN7445731062,611$219,7940.06%
315SELECT SECTOR SPDR TR81369Y2091,628$219,4380.06%
316COHEN & STEERS TOTAL RETURN19247R10318,173$219,1630.06%
317J P MORGAN EXCHANGE TRADED F46641Q3323,827$217,5650.06%
318FIRST TR EXCHANGE TRADED FD33737A1081,554$216,0370.06%
319WISDOMTREE TRWT2,485$214,7040.06%
320UNION PAC CORPUNP932$214,5380.06%
321FIRST TR EXCHANGE-TRADED FD33733E1042,353$213,8640.06%
322ENTERPRISE PRODS PARTNERS L2937921076,889$213,6280.06%
323ISHARES TR46434V6963,094$212,5580.06%
324ISHARES TR46432F8342,705$209,1270.05%
325ISHARES TR4642872344,321$208,4250.05%
326ISHARES TR4642877881,720$208,1030.05%
327WILLIAMS COS INC9694571003,308$207,7750.05%
328FEDEX CORPFDX913$207,5340.05%
329SELECT SECTOR SPDR TR81369Y8521,910$207,2920.05%
330CAPITAL GRP FIXED INCM ETF T14020Y3007,502$207,2050.05%
331FIRST TR EXCH TRADED FD III33740J20310,114$206,7800.05%
332ISHARES TR46438G5967,750$205,9950.05%
333FLUENCE ENERGY INCFLNC16,038$107,6150.03%
334SELECTQUOTE INCSLQT10,545$25,0970.01%