Tandem Financial, LLC
CIK 2049157 · View on SEC EDGAR ↗
- Portfolio value
- $332.4M
- Positions
- 101
- As of
- June 30, 2026
#4,865 of 9,443 by 13F value · top 51.5%
Portfolio value QoQ: +5.8% 13F does not disclose cash
- Top 10 holdings weight
- 52.76%
- Top 25 holdings weight
- 76.89%
- Positions above 1%
- 26
- Effective number of positions
- 25.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 6.35% Est. buys $20,544,488 · sells $24,835,836
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 66.9% still held
- New positions
- 8
- Increased
- 42
- Decreased
- 38
- Closed
- 2
Put-notional exposure: 6.5% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
2.4%
Technology
2.3%
Materials
1.2%
Consumer Staples
0.9%
Communication Services
0.8%
Energy
0.3%
Retail
0.3%
Real Estate
0.1%
Financial Services
0.1%
Healthcare
0.1%
Consumer Discretionary
0.1%
Other/Unmapped
91.4%
Full portfolio 101 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IVV | $38,061,107 | 11.45% | 50,823 | $-4,408,705 | Down ×1 | ||
| BIV | $23,655,354 | 7.12% | 308,414 | $169,016 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $21,208,320 | 6.38% | 28,800 | Put option | $4,008,356 | Down ×1 | |
| VEA | $17,952,267 | 5.40% | 251,962 | $4,597,365 | Up ×1 | ||
| FNDE | $14,064,583 | 4.23% | 354,450 | $1,486,914 | Up ×1 | ||
| SPY SPY | $13,638,416 | 4.10% | 18,217 | $2,252,548 | Up ×2 | ||
| QQQ Invesco QQQ Trust, Series 1 | $13,485,945 | 4.06% | 18,293 | $1,500,371 | Down ×1 | ||
| GDX GDX | $12,877,898 | 3.87% | 170,681 | $-2,491,945 | Up ×1 | ||
| IMCG | $11,059,352 | 3.33% | 112,506 | $2,593,264 | Up ×2 | ||
| CLOI | $9,389,783 | 2.82% | 177,333 | $2,548,321 | Up ×1 | ||
| PWR Quanta Services, Inc. Common Stock | $7,374,834 | 2.22% | 10,242 | $1,578,705 | Down ×1 | ||
| ILCV | $6,710,888 | 2.02% | 66,287 | $-818,250 | Down ×1 | ||
| VGLT Vanguard Long-Term Treasury ETF | $6,566,646 | 1.98% | 119,004 | $-113,248 | Down ×2 | ||
| JQUA | $6,268,050 | 1.89% | 86,719 | $-1,587,349 | Down ×1 | ||
| IUS Invesco RAFI Strategic US ETF | $6,117,350 | 1.84% | 93,281 | $984,846 | Up ×1 | ||
| VWO | $5,840,369 | 1.76% | 97,845 | $2,512,456 | Up ×2 | ||
| JBND JPMorgan Active Bond ETF | $5,818,446 | 1.75% | 108,756 | $639 | Up ×1 | ||
| IWM | $5,029,837 | 1.51% | 16,741 | $1,111,736 | Up ×2 | ||
| BNDX Vanguard Total International Bond ETF | $4,930,271 | 1.48% | 101,802 | $32,198 | Down ×1 | ||
| IWF | $4,927,317 | 1.48% | 39,682 | $628,899 | Up ×1 | ||
| IWD | $4,540,941 | 1.37% | 18,731 | $404,158 | Down ×2 | ||
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | $4,298,552 | 1.29% | 72,476 | $936,003 | Up ×1 | ||
| DFAU | $4,135,304 | 1.24% | 80,002 | $306,059 | Down ×1 | ||
| VB | $3,862,356 | 1.16% | 12,742 | $638,906 | Up ×1 | ||
| GPIX Goldman Sachs S&P 500 Premium Income ETF | $3,783,929 | 1.14% | 68,093 | $621,851 | Up ×1 | ||
| GLD | $3,748,267 | 1.13% | 10,175 | $-593,360 | Up ×1 | ||
| ITA ITA | $3,133,729 | 0.94% | 12,927 | $318,036 | Up ×1 | ||
| FLXR TCW Flexible Income ETF | $2,946,240 | 0.89% | 75,140 | $-105,236 | Down ×1 | ||
| DFAC | $2,907,133 | 0.87% | 65,535 | $428,059 | Up ×1 | ||
| AAAU | $2,811,449 | 0.85% | 71,050 | $-2,692,552 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,707,641 | 0.81% | 7,259 | $23,839 | Up ×4 | ||
| DFIC | $2,615,773 | 0.79% | 70,203 | $41,446 | Down ×1 | ||
| PM Philip Morris International Inc Common Stock | $2,596,727 | 0.78% | 14,238 | $221,686 | |||
| AAPL Apple Inc. - Common Stock | $2,520,768 | 0.76% | 8,712 | $262,229 | Down ×1 | ||
| MP MP Materials Corp. Common Stock | $2,356,677 | 0.71% | 42,076 | $336,223 | Up ×1 | ||
| DFAE | $2,327,999 | 0.70% | 57,896 | $267,516 | Down ×1 | ||
| UBND VictoryShares Core Plus Bond ETF | $2,307,162 | 0.69% | 106,198 | $483,482 | Up ×1 | ||
| URNM | $2,243,864 | 0.67% | 42,667 | $-352,808 | Up ×2 | ||
| AMLP | $1,828,614 | 0.55% | 35,267 | $-46,915 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,527,182 | 0.46% | 4,273 | $261,822 | Down ×1 | ||
| KNG | $1,507,476 | 0.45% | 29,851 | $-108,527 | Down ×2 | ||
| NUV Nuveen Municipal Value Fund, Inc. Common Stock | $1,411,876 | 0.42% | 152,594 | $150,584 | Up ×2 | ||
| JMUB | $1,360,288 | 0.41% | 26,854 | $100,831 | Up ×1 | ||
| GRNY | $1,347,409 | 0.41% | 48,731 | $248,243 | Up ×1 | ||
| VUG | $1,346,336 | 0.40% | 15,630 | $181,451 | Up ×1 | ||
| DUHP | $1,318,460 | 0.40% | 31,595 | $106,115 | Down ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $1,295,052 | 0.39% | 3,665 | $238,499 | Down ×1 | ||
| EMLP | $1,224,656 | 0.37% | 28,153 | $-13,193 | Down ×1 | ||
| MLPX | $1,216,548 | 0.37% | 16,516 | $39,866 | Up ×1 | ||
| PFXF | $1,212,157 | 0.36% | 67,946 | $35,977 | Up ×2 | ||
| VBK | $1,164,755 | 0.35% | 3,185 | $220,223 | Up ×1 | ||
| IJR | $1,112,212 | 0.33% | 7,499 | $389,856 | Up ×1 | ||
| DFIV | $994,131 | 0.30% | 18,403 | $61,138 | Up ×1 | ||
| SPAB | $991,350 | 0.30% | 38,846 | $-66,526 | Down ×1 | ||
| DFGP Dimensional Global Core Plus Fixed Income ETF | $956,863 | 0.29% | 17,570 | $-123,423 | Down ×1 | ||
| NEM Newmont Corporation | $947,547 | 0.29% | 10,145 | $-150,598 | |||
| DFEV | $865,716 | 0.26% | 20,290 | $113,656 | Down ×1 | ||
| IEF iShares 7-10 Year Treasury Bond ETF | $854,440 | 0.26% | 9,035 | $-68,561 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $787,368 | 0.24% | 3,935 | $70,541 | Down ×2 | ||
| MDST Westwood Salient Enhanced Midstream Income ETF | $729,368 | 0.22% | 25,103 | $-8,351 | Down ×1 | ||
| CARR Carrier Global Corporation Common Stock | $688,537 | 0.21% | 9,387 | $160,032 | Up ×1 | ||
| VGSH Vanguard Short-Term Treasury ETF | $681,471 | 0.20% | 11,709 | Up ×1 | |||
| VTV | $651,048 | 0.20% | 2,987 | $65,311 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $638,987 | 0.19% | 4,674 | $42,672 | Up ×1 | ||
| DFSV | $635,109 | 0.19% | 16,373 | $35,154 | Down ×1 | ||
| DGRO | $621,067 | 0.19% | 8,195 | $47,618 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $576,783 | 0.17% | 2,420 | $20,910 | Down ×1 | ||
| BRKB | $569,444 | 0.17% | 1,138 | $24,114 | |||
| RIO Rio Tinto Plc Common Stock | $559,708 | 0.17% | 5,896 | $-29,317 | Down ×1 | ||
| VCLT Vanguard Long-Term Corporate Bond ETF | $556,850 | 0.17% | 7,400 | $-66,465 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $520,735 | 0.16% | 3,141 | $-143,585 | Down ×1 | ||
| VCRM | $480,172 | 0.14% | 6,285 | $199,270 | Up ×1 | ||
| SCHD | $477,024 | 0.14% | 15,043 | $-6,779 | Down ×1 | ||
| MO Altria Group, Inc. | $451,786 | 0.14% | 6,188 | $36,741 | |||
| VTEB | $403,073 | 0.12% | 7,969 | $5,499 | |||
| SDSI American Century Short Duration Strategic Income ETF | $392,520 | 0.12% | 7,644 | $36,676 | Up ×1 | ||
| SCHV | $390,325 | 0.12% | 11,213 | $48,328 | |||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $381,570 | 0.11% | 500 | Put option | Up ×1 | ||
| VONE Vanguard Russell 1000 ETF | $380,722 | 0.11% | 1,124 | $49,007 | |||
| ORCL Oracle Corporation Common Stock | $339,729 | 0.10% | 2,318 | $4,893 | Up ×1 | ||
| NLY Annaly Capital Management Inc. Common Stock | $333,732 | 0.10% | 14,441 | $-91,819 | Down ×1 | ||
| XLK XLK | $320,410 | 0.10% | 1,682 | $-14,770 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $314,303 | 0.09% | 832 | $52,559 | Down ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $297,155 | 0.09% | 621 | $91,788 | Up ×1 | ||
| VBR | $292,803 | 0.09% | 1,205 | $31,016 | |||
| ESGV | $286,107 | 0.09% | 2,164 | $43,724 | Up ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $285,808 | 0.09% | 492 | Up ×1 | |||
| PZA | $281,464 | 0.08% | 11,967 | $6,462 | |||
| TLT iShares 20+ Year Treasury Bond ETF | $266,520 | 0.08% | 3,084 | $-6,554 | Down ×1 | ||
| VT | $264,932 | 0.08% | 1,688 | $50,536 | Up ×1 | ||
| VCTR Victory Capital Holdings, Inc. - Common Stock | $254,954 | 0.08% | 3,033 | Up ×1 | |||
| COST Costco Wholesale Corporation - Common Stock | $243,352 | 0.07% | 260 | $-15,849 | |||
| WMT Walmart Inc. - Common Stock | $235,921 | 0.07% | 2,083 | $-23,470 | |||
| JNJ Johnson & Johnson Common Stock | $225,272 | 0.07% | 887 | $12,853 | Up ×1 | ||
| MUB | $225,249 | 0.07% | 2,093 | $3,077 | |||
| TSLA Tesla, Inc. - Common Stock | $223,760 | 0.07% | 532 | $11,119 | Down ×1 | ||
| QQQM Invesco NASDAQ 100 ETF | $221,652 | 0.07% | 732 | Up ×1 | |||
| MLN | $219,957 | 0.07% | 12,371 | $4,206 | |||
| VTI | $202,039 | 0.06% | 546 | Up ×1 | |||
| HACK | $201,256 | 0.06% | 1,918 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| MSFT | $2,707,641 | 0.81% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VEA | Bought more | +44K | +$4.6M |
| IVV | Trimmed | -14K | -$4.4M |
| QQQ | Trimmed | -1K | +$4.0M |
| AAAU | Trimmed | -48K | -$2.7M |
| IMCG | Bought more | +5K | +$2.6M |
| CLOI | Bought more | +48K | +$2.5M |
| VWO | Bought more | +36K | +$2.5M |
| GDX | Bought more | +3K | -$2.5M |
| SPY | Bought more | +757 | +$2.3M |
| JQUA | Trimmed | -41K | -$1.6M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| BIV | Dec. 31, 2025 | 274,110 | $21,405,250 | No longer tracked |
| FNDE | Dec. 31, 2025 | 281,461 | $10,177,630 | No longer tracked |
| QQQ | Dec. 31, 2025 | 16,329 | $9,811,360 | |
| JQUA | Dec. 31, 2025 | 116,943 | $7,356,885 | No longer tracked |
| AAAU | Dec. 31, 2025 | 163,270 | $6,223,853 | No longer tracked |
| ILCV | Dec. 31, 2025 | 65,638 | $5,908,733 | No longer tracked |
| CLOI | Dec. 31, 2025 | 109,657 | $5,822,787 | No longer tracked |
| JBND | Dec. 31, 2025 | 104,880 | $5,680,301 | -2.5% |
| BNDX | Dec. 31, 2025 | 100,946 | $4,992,790 | |
| PWR | Dec. 31, 2025 | 11,115 | $4,606,342 | 59.0% |
| IUS | Dec. 31, 2025 | 74,597 | $4,118,501 | |
| DFAU | Dec. 31, 2025 | 80,439 | $3,680,889 | No longer tracked |
| XSW | June 30, 2026 | 19,355 | $2,754,045 | No longer tracked |
| VEA | Dec. 31, 2025 | 44,312 | $2,655,176 | No longer tracked |
| DFAC | Dec. 31, 2025 | 63,795 | $2,460,574 | No longer tracked |
| DFIC | Dec. 31, 2025 | 70,458 | $2,310,318 | No longer tracked |
| DFAE | Dec. 31, 2025 | 58,485 | $1,844,033 | No longer tracked |
| CXW | March 31, 2026 | 61,523 | $1,337,511 | 70.5% |
| URA | March 31, 2026 | 47,373 | $1,303,918 | No longer tracked |
| GPIQ | Dec. 31, 2025 | 23,431 | $1,229,191 | |
| CXW | June 30, 2025 | 60,051 | $1,218,435 | 53.1% |
| DUHP | Dec. 31, 2025 | 31,614 | $1,194,061 | No longer tracked |
| DFGP | Dec. 31, 2025 | 20,009 | $1,111,901 | |
| SPAB | Dec. 31, 2025 | 41,431 | $1,070,992 | No longer tracked |
| URA | June 30, 2025 | 46,373 | $1,062,860 | No longer tracked |
| VUG | Dec. 31, 2025 | 2,177 | $1,045,421 | No longer tracked |
| GPIX | Dec. 31, 2025 | 18,060 | $943,274 | |
| IEF | Dec. 31, 2025 | 9,671 | $932,865 | |
| SCHD | Dec. 31, 2025 | 33,435 | $912,775 | No longer tracked |
| DFIV | Dec. 31, 2025 | 17,194 | $792,988 | No longer tracked |
| JEPI | March 31, 2026 | 13,064 | $756,730 | No longer tracked |
| XLK | Dec. 31, 2025 | 2,596 | $731,784 | No longer tracked |
| JEPQ | March 31, 2026 | 12,821 | $728,693 | |
| DFEV | Dec. 31, 2025 | 20,419 | $651,162 | No longer tracked |
| VCLT | Dec. 31, 2025 | 8,342 | $647,757 | |
| GRNY | Dec. 31, 2025 | 23,851 | $596,037 | No longer tracked |
| MLPX | Dec. 31, 2025 | 9,371 | $587,656 | No longer tracked |
| VWO | June 30, 2025 | 12,283 | $555,944 | No longer tracked |
| DFSV | Dec. 31, 2025 | 16,358 | $520,839 | No longer tracked |
| JMUB | Dec. 31, 2025 | 10,016 | $505,508 | No longer tracked |
| VTV | Dec. 31, 2025 | 2,686 | $503,503 | No longer tracked |
| VTEB | Dec. 31, 2025 | 8,764 | $438,814 | No longer tracked |
| HP | March 31, 2026 | 12,897 | $412,959 | 22.8% |
| DGRO | Dec. 31, 2025 | 5,345 | $363,888 | No longer tracked |
| INCY | March 31, 2025 | 5,179 | $357,715 | 111.6% |
| INCY | March 31, 2026 | 5,078 | $350,738 | 36.1% |
| IJR | Dec. 31, 2025 | 2,759 | $327,883 | No longer tracked |
| SCHV | Dec. 31, 2025 | 11,213 | $326,411 | No longer tracked |
| HP | June 30, 2025 | 12,479 | $325,950 | 191.9% |
| VONE | Dec. 31, 2025 | 1,064 | $321,701 | |
| PZA | Dec. 31, 2025 | 11,967 | $276,319 | No longer tracked |
| SLV | June 30, 2026 | 4,034 | $274,877 | No longer tracked |
| XLE | March 31, 2026 | 3,200 | $274,112 | No longer tracked |
| XLE | March 31, 2025 | 3,200 | $274,112 | No longer tracked |
| VT | March 31, 2025 | 2,177 | $255,754 | No longer tracked |
| VBR | Dec. 31, 2025 | 1,205 | $252,614 | No longer tracked |
| KKR | Dec. 31, 2025 | 1,801 | $234,040 | -14.2% |
| JNJ | Dec. 31, 2025 | 1,179 | $218,611 | 31.4% |
| MLN | Dec. 31, 2025 | 12,371 | $216,246 | No longer tracked |
| WMT | Dec. 31, 2025 | 2,083 | $214,674 | -6.4% |
| SKM | June 30, 2025 | 9,712 | $206,478 | 63.3% |
| SKM | March 31, 2026 | 9,712 | $204,341 | 30.1% |
| MDST | Dec. 31, 2025 | 7,623 | $203,611 | 12.7% |
| AVGO | Dec. 31, 2025 | 608 | $200,528 | 5.2% |
| WMT | March 31, 2025 | 2,083 | $188,678 | 18.8% |
| SCHV | March 31, 2025 | 5,568 | $145,158 | No longer tracked |
| SDSI | March 31, 2025 | 2,479 | $126,082 | |
| TWLO | March 31, 2025 | 1,100 | $118,888 | 125.8% |
| DVN | March 31, 2025 | 3,578 | $117,108 | 32.1% |
| SLV | March 31, 2025 | 4,154 | $109,375 | No longer tracked |
| XEL | March 31, 2025 | 1,609 | $108,640 | 12.5% |
| IAU | March 31, 2025 | 2,155 | $106,695 | No longer tracked |
| SLB | March 31, 2025 | 2,000 | $76,680 | 29.5% |
| FHN | March 31, 2025 | 3,667 | $74,404 | 27.0% |
| EPD | March 31, 2025 | 1,942 | $60,902 | 12.4% |
| VZ | March 31, 2025 | 1,493 | $59,706 | 9.0% |
| XLF | March 31, 2025 | 1,000 | $48,330 | No longer tracked |
| HPI | March 31, 2025 | 2,381 | $39,891 | -3.4% |
| PBR | March 31, 2025 | 2,900 | $39,424 | 32.4% |
| SPH | March 31, 2025 | 2,274 | $39,113 | -15.5% |
| DNP | March 31, 2025 | 3,877 | $34,448 | 11.0% |
| KNGZ | March 31, 2025 | 1,000 | $32,219 | |
| HPE | March 31, 2025 | 1,466 | $31,503 | 242.4% |
| OLO | March 31, 2025 | 3,441 | $26,427 | No longer tracked |
| RIVN | March 31, 2025 | 1,856 | $24,685 | 26.2% |
| APLD | March 31, 2025 | 3,000 | $22,920 | 411.4% |
| BCV | March 31, 2025 | 1,022 | $18,100 | No longer tracked |
| WU | March 31, 2025 | 1,600 | $16,960 | -31.8% |
| HBAN | March 31, 2025 | 1,000 | $16,270 | 14.3% |
| OBDC | March 31, 2025 | 1,000 | $15,490 | -22.2% |
| YOTAR | June 30, 2025 | 40,000 | $6,460 | No longer tracked |
| YOLO | March 31, 2025 | 2,243 | $5,429 | No longer tracked |
| CRON | March 31, 2025 | 1,000 | $2,020 | 80.1% |
| MLWS | March 31, 2025 | 1,000 | $183 | No longer tracked |