13F HOLDINGS REPORT
Tilson Financial Group, Inc.
Quarter ended Q3 2025 · Filed October 22, 2025 · Accession 0001964820-25-000007
Total Value
$304.3M
Positions
77
Other Managers
0
Confidential Omitted
No
Holdings (77)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD MALVERN FDS | 922020748 | 461,275 | $36.2M | 11.89% |
| 2 | VANGUARD INDEX FDS | 922908736 | 69,011 | $33.1M | 10.88% |
| 3 | DIMENSIONAL ETF TRUST | 25434V666 | 737,974 | $24.3M | 7.98% |
| 4 | DIMENSIONAL ETF TRUST | 25434V500 | 294,454 | $20.2M | 6.62% |
| 5 | MORGAN STANLEY ETF TRUST | MS-PQ | 287,831 | $14.8M | 4.86% |
| 6 | SPDR SERIES TRUST | 78464A672 | 356,432 | $10.3M | 3.38% |
| 7 | ISHARES TR | 464287309 | 82,707 | $10.0M | 3.28% |
| 8 | VANGUARD TAX-MANAGED FDS | 921943858 | 148,741 | $8.9M | 2.93% |
| 9 | SPDR SERIES TRUST | 78468R101 | 303,865 | $8.9M | 2.93% |
| 10 | MORGAN STANLEY ETF TRUST | MS-PQ | 170,344 | $8.6M | 2.82% |
| 11 | VANGUARD WHITEHALL FDS | 921946406 | 60,573 | $8.5M | 2.81% |
| 12 | SSGA ACTIVE ETF TR | 78467V103 | 268,659 | $8.3M | 2.73% |
| 13 | DIMENSIONAL ETF TRUST | 25434V732 | 253,368 | $8.1M | 2.67% |
| 14 | VANGUARD MUN BD FDS | 922907746 | 150,533 | $7.5M | 2.48% |
| 15 | ISHARES TR | 464288414 | 68,345 | $7.3M | 2.39% |
| 16 | DIMENSIONAL ETF TRUST | 25434V799 | 188,159 | $6.2M | 2.03% |
| 17 | VANGUARD MALVERN FDS | 922020805 | 114,636 | $5.8M | 1.91% |
| 18 | DIMENSIONAL ETF TRUST | 25434V658 | 209,114 | $5.7M | 1.88% |
| 19 | ISHARES TR | 464287408 | 27,445 | $5.7M | 1.86% |
| 20 | SPDR S&P 500 ETF TR | SPY | 8,465 | $5.6M | 1.85% |
| 21 | SPDR SERIES TRUST | 78464A854 | 67,901 | $5.3M | 1.75% |
| 22 | DIMENSIONAL ETF TRUST | 25434V773 | 140,525 | $4.4M | 1.46% |
| 23 | DIMENSIONAL ETF TRUST | 25434V807 | 95,942 | $4.4M | 1.45% |
| 24 | EXXON MOBIL CORP | XOM | 35,070 | $4.0M | 1.30% |
| 25 | ISHARES TR | 464287804 | 27,370 | $3.3M | 1.07% |
| 26 | ISHARES TR | 464287614 | 6,870 | $3.2M | 1.06% |
| 27 | SPDR SERIES TRUST | 78468R739 | 57,463 | $2.8M | 0.91% |
| 28 | SPDR INDEX SHS FDS | 78463X889 | 51,383 | $2.2M | 0.72% |
| 29 | APPLE INC | AAPL | 7,618 | $1.9M | 0.64% |
| 30 | UNITED PARCEL SERVICE INC | UPS | 22,887 | $1.9M | 0.63% |
| 31 | MICROSOFT CORP | MSFT | 2,810 | $1.5M | 0.48% |
| 32 | SPDR SERIES TRUST | 78464A409 | 11,829 | $1.2M | 0.41% |
| 33 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 14,515 | $1.2M | 0.40% |
| 34 | VANGUARD STAR FDS | 921909768 | 15,684 | $1.2M | 0.38% |
| 35 | JPMORGAN CHASE & CO. | VYLD | 3,375 | $1.1M | 0.35% |
| 36 | ISHARES TR | 464288273 | 13,505 | $1.0M | 0.34% |
| 37 | SPDR SERIES TRUST | 78468R721 | 22,220 | $1.0M | 0.33% |
| 38 | ISHARES TR | 464287200 | 1,498 | $1.0M | 0.33% |
| 39 | ORACLE CORP | ORCL-PD | 3,435 | $966,059 | 0.32% |
| 40 | VANGUARD INTL EQUITY INDEX F | 922042858 | 15,607 | $845,585 | 0.28% |
| 41 | SPDR SERIES TRUST | 78464A649 | 30,008 | $775,719 | 0.25% |
| 42 | ISHARES TR | 464287655 | 3,104 | $751,073 | 0.25% |
| 43 | MCDONALDS CORP | MCD | 2,463 | $748,493 | 0.25% |
| 44 | CONNECTONE BANCORP INC | CNOBP | 29,214 | $724,790 | 0.24% |
| 45 | ISHARES TR | 464287226 | 6,794 | $681,062 | 0.22% |
| 46 | VANGUARD INDEX FDS | 922908744 | 3,382 | $630,723 | 0.21% |
| 47 | SPDR SERIES TRUST | 78468R853 | 13,428 | $621,981 | 0.20% |
| 48 | BANK AMERICA CORP | 060505104 | 11,820 | $609,769 | 0.20% |
| 49 | ISHARES TR | 464287465 | 6,521 | $608,891 | 0.20% |
| 50 | ISHARES TR | 464288158 | 5,681 | $606,613 | 0.20% |
| 51 | VANGUARD INDEX FDS | 922908769 | 1,844 | $605,266 | 0.20% |
| 52 | ISHARES TR | 46434V878 | 11,565 | $586,945 | 0.19% |
| 53 | SCHWAB CHARLES CORP | SCHW-PJ | 5,288 | $504,845 | 0.17% |
| 54 | VERIZON COMMUNICATIONS INC | VZ | 10,504 | $461,648 | 0.15% |
| 55 | ISHARES TR | 464287721 | 2,354 | $460,985 | 0.15% |
| 56 | SPDR SERIES TRUST | 78464A508 | 8,226 | $455,132 | 0.15% |
| 57 | BECTON DICKINSON & CO | BDX | 2,252 | $421,435 | 0.14% |
| 58 | DIMENSIONAL ETF TRUST | 25434V617 | 5,366 | $385,582 | 0.13% |
| 59 | WISDOMTREE TR | WT | 3,520 | $354,645 | 0.12% |
| 60 | INTERDIGITAL INC | IDCC | 1,006 | $347,214 | 0.11% |
| 61 | NVIDIA CORPORATION | NVDA | 1,790 | $333,984 | 0.11% |
| 62 | LAM RESEARCH CORP | LRCX | 2,485 | $332,742 | 0.11% |
| 63 | SPDR INDEX SHS FDS | 78463X749 | 6,973 | $319,167 | 0.10% |
| 64 | JOHNSON & JOHNSON | JNJ | 1,688 | $312,984 | 0.10% |
| 65 | META PLATFORMS INC | META | 426 | $312,646 | 0.10% |
| 66 | PHILIP MORRIS INTL INC | 718172109 | 1,804 | $292,609 | 0.10% |
| 67 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 6,445 | $290,654 | 0.10% |
| 68 | ISHARES TR | 464288869 | 1,866 | $278,207 | 0.09% |
| 69 | INVESCO QQQ TR | IVZ | 463 | $277,996 | 0.09% |
| 70 | ISHARES TR | 464288570 | 1,998 | $251,648 | 0.08% |
| 71 | SPDR INDEX SHS FDS | 78463X509 | 5,307 | $248,425 | 0.08% |
| 72 | INVESCO EXCHANGE TRADED FD T | IVZ | 5,491 | $248,250 | 0.08% |
| 73 | MERCK & CO INC | MRK | 2,917 | $244,824 | 0.08% |
| 74 | PROCTER AND GAMBLE CO | 742718109 | 1,492 | $229,176 | 0.08% |
| 75 | SCHWAB STRATEGIC TR | 808524300 | 6,601 | $210,653 | 0.07% |
| 76 | ISHARES TR | 464287598 | 1,016 | $206,878 | 0.07% |
| 77 | REPLIGEN CORP | RGEN | 1,500 | $200,505 | 0.07% |