Institutional Manager · CIK 0001965201

TFB Advisors LLC

OVERLAND PARK, KS · File #028-23101

Latest AUM

$358.0M

Positions

307

Top-10 Concentration

46.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287200	+7,285	+$5.0M	+$253,218
REDUCE	PROSHARES TR	74347R107	-28,317	-$1.6M	-$2.8M
ADD	VANGUARD INDEX FDS	922908769	+4,711	+$1.6M	+$105,375
ADD	BERKSHIRE HATHAWAY INC DEL	BRK-A	+2	+$1.5M	+$22,551
ADD	FIDELITY MERRIMACK STR TR	316188309	+24,289	+$1.1M	-$63,838
ADD	NEWMONT CORP	NEMCL	+7,048	+$703,754	+$43,433
EXITED	SPROUTS FMRS MKT INC	85208M102	-5,222	-$580,321	$0
NEW	VANGUARD WORLD FD	921910873	+2,081	+$522,685	$0
ADD	ORACLE CORP	ORCL-PD	+2,669	+$520,199	-$583,842
ADD	INVESCO QQQ TR	IVZ	+726	+$445,969	+$148,140

Sector Allocation

Technology

8.5%$30.6M

Financials

4.0%$14.3M

Healthcare

2.1%$7.7M

Consumer Discretionary

2.0%$7.3M

Communication Services

1.5%$5.5M

0.7%$2.5M

0.6%$2.2M

0.5%$1.7M

0.3%$1.1M

0.2%$830,170

0.2%$684,080

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025307 pos · $358.0M
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 2025308 pos · $343.4M
Jul 30, 202513F HOLDINGS REPORTQ/E Jun 2025334 pos · $381.8M
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025320 pos · $347.1M
Jan 29, 202513F HOLDINGS REPORTQ/E Dec 2024320 pos · $349.7M
Oct 31, 202413F HOLDINGS REPORTQ/E Sep 2024312 pos · $336.1M
Jul 30, 202413F HOLDINGS REPORTQ/E Jun 2024289 pos · $307.0M
May 3, 202413F HOLDINGS REPORTQ/E Mar 2024263 pos · $275.7M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023105 pos · $82.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908363	29,700	$18.6M	8.69%
2	VANGUARD WORLD FD	921910816	35,774	$14.8M	6.89%
3	ISHARES TR	464287200	20,289	$13.9M	6.49%
4	NVIDIA CORPORATION	NVDA	54,036	$10.1M	4.70%
5	VANGUARD WORLD FD	921910840	64,801	$9.1M	4.27%
6	ISHARES TR	46432F842	83,869	$7.5M	3.50%
7	FIDELITY MERRIMACK STR TR	316188309	144,766	$6.7M	3.11%
8	VANGUARD SPECIALIZED FUNDS	921908844	27,689	$6.1M	2.84%
9	INVESCO QQQ TR	IVZ	9,812	$6.0M	2.81%
10	ISHARES TR	464288513	73,669	$5.9M	2.77%
11	VANGUARD INDEX FDS	922908769	17,190	$5.8M	2.69%
12	VANGUARD INDEX FDS	922908512	31,519	$5.6M	2.61%
13	APPLE INC	AAPL	19,844	$5.4M	2.52%
14	VANGUARD INDEX FDS	922908611	22,686	$4.8M	2.24%
15	VANGUARD INDEX FDS	922908751	16,867	$4.4M	2.03%
16	AMAZON COM INC	AMZN	18,029	$4.2M	1.94%
17	PIMCO ETF TR	72201R833	40,577	$4.1M	1.90%
18	MICROSOFT CORP	MSFT	8,277	$4.0M	1.87%
19	ISHARES TR	464287655	15,755	$3.9M	1.81%
20	ALPHABET INC	GOOG	12,346	$3.9M	1.80%