13F HOLDINGS REPORT
Tilson Financial Group, Inc.
Quarter ended Q4 2025 · Filed February 5, 2026 · Accession 0001964820-26-000001
Total Value
$325.0M
Positions
83
Other Managers
0
Confidential Omitted
No
Holdings (83)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD MALVERN FDS | 922020748 | 517,564 | $40.3M | 12.41% |
| 2 | VANGUARD INDEX FDS | 922908736 | 69,625 | $34.0M | 10.45% |
| 3 | DIMENSIONAL ETF TRUST | 25434V666 | 764,535 | $26.2M | 8.05% |
| 4 | DIMENSIONAL ETF TRUST | 25434V500 | 303,666 | $21.2M | 6.51% |
| 5 | MORGAN STANLEY ETF TRUST | MS-PQ | 322,180 | $16.6M | 5.10% |
| 6 | SPDR SERIES TRUST | 78464A672 | 375,897 | $10.8M | 3.34% |
| 7 | ISHARES TR | 464287309 | 81,773 | $10.1M | 3.10% |
| 8 | VANGUARD TAX-MANAGED FDS | 921943858 | 159,866 | $10.0M | 3.07% |
| 9 | SPDR SERIES TRUST | 78468R101 | 321,412 | $9.4M | 2.90% |
| 10 | MORGAN STANLEY ETF TRUST | MS-PQ | 176,279 | $8.9M | 2.73% |
| 11 | VANGUARD WHITEHALL FDS | 921946406 | 61,866 | $8.9M | 2.73% |
| 12 | DIMENSIONAL ETF TRUST | 25434V732 | 268,094 | $8.9M | 2.73% |
| 13 | SSGA ACTIVE ETF TR | 78467V103 | 278,166 | $8.7M | 2.69% |
| 14 | ISHARES TR | 464288414 | 64,663 | $6.9M | 2.13% |
| 15 | VANGUARD MALVERN FDS | 922020805 | 125,215 | $6.2M | 1.91% |
| 16 | DIMENSIONAL ETF TRUST | 25434V799 | 178,807 | $6.2M | 1.90% |
| 17 | DIMENSIONAL ETF TRUST | 25434V658 | 224,865 | $5.9M | 1.83% |
| 18 | ISHARES TR | 464287408 | 27,110 | $5.7M | 1.77% |
| 19 | SPDR S&P 500 ETF TR | SPY | 8,234 | $5.6M | 1.73% |
| 20 | SPDR SERIES TRUST | 78464A854 | 69,606 | $5.6M | 1.72% |
| 21 | VANGUARD MUN BD FDS | 922907746 | 105,024 | $5.3M | 1.63% |
| 22 | DIMENSIONAL ETF TRUST | 25434V773 | 150,256 | $4.9M | 1.52% |
| 23 | DIMENSIONAL ETF TRUST | 25434V807 | 98,923 | $4.9M | 1.52% |
| 24 | VANGUARD MUN BD FDS | 922907712 | 56,518 | $4.3M | 1.31% |
| 25 | EXXON MOBIL CORP | XOM | 34,689 | $4.2M | 1.28% |
| 26 | ISHARES TR | 464287804 | 27,343 | $3.3M | 1.01% |
| 27 | ISHARES TR | 464287614 | 6,854 | $3.2M | 1.00% |
| 28 | SPDR SERIES TRUST | 78468R739 | 56,108 | $2.7M | 0.83% |
| 29 | SPDR INDEX SHS FDS | 78463X889 | 51,173 | $2.3M | 0.70% |
| 30 | UNITED PARCEL SERVICE INC | UPS | 22,898 | $2.3M | 0.70% |
| 31 | APPLE INC | AAPL | 7,605 | $2.1M | 0.64% |
| 32 | MICROSOFT CORP | MSFT | 2,807 | $1.4M | 0.42% |
| 33 | SPDR SERIES TRUST | 78464A409 | 11,754 | $1.3M | 0.39% |
| 34 | VANGUARD STAR FDS | 921909768 | 15,638 | $1.2M | 0.36% |
| 35 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 14,518 | $1.2M | 0.36% |
| 36 | JPMORGAN CHASE & CO. | VYLD | 3,564 | $1.1M | 0.35% |
| 37 | SPDR SERIES TRUST | 78468R721 | 23,469 | $1.1M | 0.33% |
| 38 | ISHARES TR | 464287200 | 1,501 | $1.0M | 0.32% |
| 39 | ISHARES TR | 464288273 | 13,014 | $1.0M | 0.31% |
| 40 | VANGUARD INTL EQUITY INDEX F | 922042858 | 15,566 | $836,836 | 0.26% |
| 41 | DIMENSIONAL ETF TRUST | 25434V617 | 10,542 | $779,919 | 0.24% |
| 42 | CONNECTONE BANCORP INC | CNOBP | 29,418 | $771,346 | 0.24% |
| 43 | ISHARES TR | 464287655 | 3,113 | $766,390 | 0.24% |
| 44 | SPDR SERIES TRUST | 78464A649 | 29,563 | $761,241 | 0.23% |
| 45 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,800 | 0.23% |
| 46 | MCDONALDS CORP | MCD | 2,464 | $752,974 | 0.23% |
| 47 | ALPHABET INC | GOOG | 2,388 | $747,448 | 0.23% |
| 48 | ISHARES TR | 464287226 | 6,797 | $678,842 | 0.21% |
| 49 | ORACLE CORP | ORCL-PD | 3,435 | $669,516 | 0.21% |
| 50 | VANGUARD INDEX FDS | 922908744 | 3,390 | $647,380 | 0.20% |
| 51 | BANK AMERICA CORP | 060505104 | 11,530 | $634,125 | 0.20% |
| 52 | VANGUARD INDEX FDS | 922908769 | 1,845 | $618,464 | 0.19% |
| 53 | ISHARES TR | 464287465 | 6,399 | $614,536 | 0.19% |
| 54 | ISHARES TR | 464288158 | 5,712 | $609,490 | 0.19% |
| 55 | SPDR SERIES TRUST | 78468R853 | 12,990 | $608,704 | 0.19% |
| 56 | ISHARES TR | 46434V878 | 11,652 | $589,341 | 0.18% |
| 57 | SCHWAB CHARLES CORP | SCHW-PJ | 5,262 | $525,726 | 0.16% |
| 58 | ISHARES TR | 464287721 | 2,528 | $504,780 | 0.16% |
| 59 | SPDR SERIES TRUST | 78464A508 | 8,115 | $461,006 | 0.14% |
| 60 | VERIZON COMMUNICATIONS INC | VZ | 10,192 | $415,105 | 0.13% |
| 61 | SCHWAB STRATEGIC TR | 808524300 | 12,420 | $405,125 | 0.12% |
| 62 | LAM RESEARCH CORP | LRCX | 2,325 | $397,994 | 0.12% |
| 63 | NVIDIA CORPORATION | NVDA | 1,996 | $372,291 | 0.11% |
| 64 | WISDOMTREE TR | WT | 3,551 | $361,538 | 0.11% |
| 65 | BECTON DICKINSON & CO | BDX | 1,807 | $350,761 | 0.11% |
| 66 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 6,349 | $342,440 | 0.11% |
| 67 | JOHNSON & JOHNSON | JNJ | 1,559 | $322,616 | 0.10% |
| 68 | INTERDIGITAL INC | IDCC | 1,008 | $320,813 | 0.10% |
| 69 | SPDR INDEX SHS FDS | 78463X749 | 7,011 | $315,633 | 0.10% |
| 70 | MERCK & CO INC | MRK | 2,931 | $308,517 | 0.09% |
| 71 | ISHARES TR | 464288869 | 1,871 | $295,115 | 0.09% |
| 72 | PHILIP MORRIS INTL INC | 718172109 | 1,803 | $289,201 | 0.09% |
| 73 | INVESCO EXCHANGE TRADED FD T | IVZ | 5,513 | $258,667 | 0.08% |
| 74 | ISHARES TR | 464288570 | 1,998 | $257,402 | 0.08% |
| 75 | SPDR INDEX SHS FDS | 78463X509 | 5,395 | $252,538 | 0.08% |
| 76 | INVESCO QQQ TR | IVZ | 409 | $251,261 | 0.08% |
| 77 | META PLATFORMS INC | META | 380 | $250,659 | 0.08% |
| 78 | REPLIGEN CORP | RGEN | 1,500 | $245,790 | 0.08% |
| 79 | PROCTER AND GAMBLE CO | 742718109 | 1,501 | $215,125 | 0.07% |
| 80 | ISHARES TR | 464287598 | 1,017 | $213,986 | 0.07% |
| 81 | VANGUARD INDEX FDS | 922908363 | 339 | $212,396 | 0.07% |
| 82 | BROADCOM INC | AVGO | 594 | $205,598 | 0.06% |
| 83 | BLACKROCK MUNIVEST FD INC | BLK | 14,701 | $101,877 | 0.03% |