Tenon Financial LLC
Portfolio value QoQ: +22.1% 13F does not disclose cash
Top 10 holdings weight88.29%
Top 25 holdings weight95.30%
Positions above 1%10
Effective number of positions6.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.67% Est. buys $28,680,503 · sells $1,898,779
Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 85.9% still held
New positions10
Increased30
Decreased11
Closed3
Portfolio value
$310.9M
Positions
61
As of
June 30, 2026 Data as of Q2 2026
Sector breakdown
Full portfolio 61 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VOO | $74,111,722 | 23.84% | 107,907 | $14,708,181 | Up ×6 | ||
| VXF | $67,347,215 | 21.67% | 273,536 | $15,647,500 | Up ×3 | ||
| VXUS | $53,316,486 | 17.15% | 623,658 | $9,665,311 | Up ×3 | ||
| BND | $39,917,676 | 12.84% | 543,763 | $4,507,627 | Up ×4 | ||
| VEA | $14,718,937 | 4.73% | 206,582 | $1,539,008 | Up ×1 | ||
| VTI | $9,802,168 | 3.15% | 26,489 | $1,220,077 | Down ×1 | ||
| AAPL | $4,051,757 | 1.30% | 14,002 | $230,120 | Down ×1 | ||
| BSCQ | $3,910,015 | 1.26% | 200,257 | $103,504 | Up ×2 | ||
| ITOT | $3,726,465 | 1.20% | 22,685 | $516,093 | Up ×1 | ||
| BSCR | $3,558,457 | 1.14% | 181,415 | $48,034 | Up ×6 | ||
| LLY | $2,794,672 | 0.90% | 2,330 | $650,609 | Down ×1 | ||
| BSCS | $1,996,238 | 0.64% | 98,023 | $11,061 | Up ×5 | ||
| AMZN | $1,901,477 | 0.61% | 7,978 | $184,499 | Down ×1 | ||
| VUG | $1,759,542 | 0.57% | 20,427 | $784,627 | Up ×1 | ||
| TT | $1,447,449 | 0.47% | 2,947 | $49,286 | Down ×1 | ||
| MSFT | $1,443,317 | 0.46% | 3,869 | $-88,178 | Down ×1 | ||
| NVDA | $1,436,720 | 0.46% | 7,180 | $387,845 | Up ×3 | ||
| VGIT | $1,336,192 | 0.43% | 22,655 | $-12,913 | |||
| XPO | $1,199,715 | 0.39% | 5,844 | $62,765 | |||
| VTEB | $1,167,631 | 0.38% | 23,085 | $81,875 | Up ×1 | ||
| RSP | $1,092,665 | 0.35% | 5,135 | $402,055 | Up ×1 | ||
| IVV | $1,090,935 | 0.35% | 1,457 | $225,303 | Up ×1 | ||
| AVUV | $1,070,254 | 0.34% | 8,579 | $162,038 | Up ×6 | ||
| VTV | $1,045,006 | 0.34% | 4,795 | $402,059 | Up ×3 | ||
| VYM | $1,004,365 | 0.32% | 6,356 | $626,562 | Up ×1 | ||
| BRK-B | $880,686 | 0.28% | 1,760 | Up ×1 | |||
| QQQ | $836,243 | 0.27% | 1,136 | $184,848 | Up ×5 | ||
| SCHD | $733,518 | 0.24% | 23,132 | $276,171 | Up ×1 | ||
| VWO | $693,610 | 0.22% | 11,620 | $89,793 | Up ×3 | ||
| FNDX | $685,748 | 0.22% | 22,050 | Up ×1 | |||
| AMAT | $657,930 | 0.21% | 910 | $346,901 | |||
| GOOGL | $572,320 | 0.18% | 1,601 | $138,830 | Up ×2 | ||
| SPY | $549,489 | 0.18% | 736 | $210,660 | Up ×2 | ||
| IWM | $529,098 | 0.17% | 1,761 | $128,822 | Up ×1 | ||
| XOM | $479,477 | 0.15% | 3,507 | $-118,405 | Down ×1 | ||
| IXUS | $470,042 | 0.15% | 4,925 | $43,340 | |||
| BN | $460,483 | 0.15% | 10,812 | $22,921 | |||
| META | $455,356 | 0.15% | 808 | $-10,579 | Down ×1 | ||
| TYL | $436,350 | 0.14% | 1,492 | $-74,481 | |||
| DFAC | $424,348 | 0.14% | 9,566 | $52,613 | |||
| IWB | $395,577 | 0.13% | 966 | $51,140 | |||
| IJR | $375,621 | 0.12% | 2,533 | $120,754 | Up ×1 | ||
| XLK | $359,613 | 0.12% | 1,888 | $108,814 | Up ×1 | ||
| HCA | $347,392 | 0.11% | 891 | $-74,265 | |||
| GOOG | $316,230 | 0.10% | 895 | $56,622 | Down ×1 | ||
| EMXC | $307,641 | 0.10% | 3,007 | $71,496 | Up ×1 | ||
| VBR | $302,762 | 0.10% | 1,246 | $67,035 | Up ×1 | ||
| JNJ | $284,149 | 0.09% | 1,119 | Up ×1 | |||
| FNDF | $282,933 | 0.09% | 5,363 | $32,578 | Up ×2 | ||
| QXO | $275,270 | 0.09% | 15,930 | $-34,091 | |||
| VO | $270,393 | 0.09% | 3,356 | $27,726 | Up ×1 | ||
| IJH | $259,112 | 0.08% | 3,360 | Up ×1 | |||
| BSV | $250,418 | 0.08% | 3,214 | $1,407 | Up ×6 | ||
| VGT | $240,952 | 0.08% | 2,016 | Up ×1 | |||
| Unknown issuer (CUSIP: 78409V112) | $222,364 | 0.07% | 546 | Up ×1 | |||
| AVGO | $219,635 | 0.07% | 581 | Up ×1 | |||
| PANW | $214,161 | 0.07% | 628 | Up ×1 | |||
| JPM | $208,027 | 0.07% | 636 | Up ×1 | |||
| MRK | $205,343 | 0.07% | 1,598 | Up ×1 | |||
| RKLB | $203,300 | 0.07% | 2,000 | $-55,699 | Down ×1 | ||
| IEFA | $202,460 | 0.07% | 2,096 | $-15,925 | Down ×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 |
|---|---|---|---|
| VOO | $74,111,722 | 23.84% | up ×6 |
| VXF | $67,347,215 | 21.67% | up ×3 |
| VXUS | $53,316,486 | 17.15% | up ×3 |
| BND | $39,917,676 | 12.84% | up ×4 |
| BSCR | $3,558,457 | 1.14% | up ×6 |
| BSCS | $1,996,238 | 0.64% | up ×5 |
| NVDA | $1,436,720 | 0.46% | up ×3 |
| AVUV | $1,070,254 | 0.34% | up ×6 |
| VTV | $1,045,006 | 0.34% | up ×3 |
| QQQ | $836,243 | 0.27% | up ×5 |
| VWO | $693,610 | 0.22% | up ×3 |
| BSV | $250,418 | 0.08% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| BRK-B | $880,686 | 1,760 | 0.28% |
| FNDX | $685,748 | 22,050 | 0.22% |
| JNJ | $284,149 | 1,119 | 0.09% |
| IJH | $259,112 | 3,360 | 0.08% |
| VGT | $240,952 | 2,016 | 0.08% |
| Unknown issuer (CUSIP: 78409V112) | $222,364 | 546 | 0.07% |
| AVGO | $219,635 | 581 | 0.07% |
| PANW | $214,161 | 628 | 0.07% |
| JPM | $208,027 | 636 | 0.07% |
| MRK | $205,343 | 1,598 | 0.07% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VXF | Bought more | +22K | +$15.6M |
| VOO | Bought more | +8K | +$14.7M |
| VXUS | Bought more | +58K | +$9.7M |
| BND | Bought more | +63K | +$4.5M |
| VEA | Bought more | +903 | +$1.5M |
| VTI | Trimmed | -262 | +$1.2M |
| VUG | Bought more | +18K | +$785K |
| LLY | Trimmed | -1 | +$651K |
| VYM | Bought more | +4K | +$627K |
| ITOT | Bought more | +145 | +$516K |
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 |
|---|---|---|---|---|
| BSCP | Dec. 31, 2025 | 127,808 | $2,644,354 | No longer tracked |
| CMF | Sept. 30, 2025 | 12,798 | $713,361 | |
| BNDX | June 30, 2026 | 8,498 | $408,329 | |
| VIG | Dec. 31, 2025 | 1,340 | $289,295 | |
| GOOG | Dec. 31, 2025 | 1,238 | $264,659 | 9.8% |
| VTIP | Dec. 31, 2025 | 5,064 | $256,410 | |
| PLTR | June 30, 2026 | 1,705 | $249,407 | 64.6% |
| VCSH | Dec. 31, 2025 | 3,119 | $249,362 | |
| SPGI | June 30, 2026 | 534 | $227,132 | 2.8% |
| DIS | March 31, 2026 | 1,942 | $220,955 | 7.9% |
| MGK | Dec. 31, 2025 | 531 | $213,685 | 13.1% |