TIFF ADVISORY SERVICES, LLC — 13F Holdings & Portfolio
CIK 1271347 · latest 13F-HR filed 2026-07-29
TIFF ADVISORY SERVICES, LLC manages $407.9M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VT (23.16%), KBWB (11.67%), XLF (11.14%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 6; 9 existing positions rose in reported value and 5 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-07-29
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 89.6%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Sep 3, 2026.
SUITE 300
RADNOR, PA 19087
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BRENAN, CLARENCE, KANE Control | CHIEF EXECUTIVE OFFICER; DIRECTOR since Sep 2023 | Less than 5% | Individual |
| BRENNER, DAVID, MARC Control | CHIEF OPERATING OFFICER; VICE PRESIDENT; DIRECTOR since Jan 2024 | Less than 5% | Individual |
| DERGANC-BILLINGS, KATHERINE MARY, (NMN) Control | VICE PRESIDENT; TREASURER since Sep 2023 | Less than 5% | Individual |
| MATSON, LISA, LAZARUS BLACK Control | CHIEF LEGAL OFFICER; VICE PRESIDENT; SECRETARY since Sep 2023 | Less than 5% | Individual |
| PORTIS, JESSICA, NOEL Control | CHIEF CLIENT OFFICER since Sep 2023 | Less than 5% | Individual |
| SZAUTNER, CHRISTIAN, ANDREAS Control | CHIEF COMPLIANCE OFFICER; VICE PRESIDENT since Sep 2023 | Less than 5% | Individual |
| TAS II, INC. Control | OWNER OF 100% OF THE PREFERRED LLC INTERESTS since Sep 2023 | 75% or more | Domestic Entity |
| TAS MANAGEMENT CO. LLC Control | OWNER OF 100% OF THE COMMON LLC INTERESTS since Sep 2023 | 75% or more | Domestic Entity |
| WILLOUGHBY, JAY, LYNN Control | CHIEF INVESTMENT OFFICER; DIRECTOR since Sep 2023 | Less than 5% | Individual |
| Mercado, Julius, Barrameda | HEAD OF OPERATIONS, DATA & REPORTING since Apr 2026 | Less than 5% | Individual |
| BRENAN, CLARENCE, KANE Control Indirect owner via TAS MANAGEMENT CO. LLC | DIRECTOR OF TAS MANAGEMENT CO. LLC since Sep 2023 | General partner, trustee or manager | Individual |
| BRENNER, DAVID, MARC Control Indirect owner via TAS MANAGEMENT CO. LLC | DIRECTOR OF TAS MANAGEMENT CO. LLC since Jan 2026 | General partner, trustee or manager | Individual |
| PORTIS, JESSICA, NOEL Control Indirect owner via TAS MANAGEMENT CO. LLC | DIRECTOR OF TAS MANAGEMENT CO. LLC since Sep 2023 | General partner, trustee or manager | Individual |
| WILLOUGHBY, JAY, LYNN Control Indirect owner via TAS MANAGEMENT CO. LLC | DIRECTOR OF TAS MANAGEMENT CO. LLC since Sep 2023 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 7 filings with changes since Oct 2, 2023
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedSNOW, DAVID, CHRISTOPHER · CHIEF TECHNOLOGY OFFICER · Less than 5% · control person · listed since Sep 2023
- AddedMercado, Julius, Barrameda · HEAD OF OPERATIONS, DATA & REPORTING · Less than 5%
- ChangedMATSON, LISA, LAZARUS BLACK · title GENERAL COUNSEL; VICE PRESIDENT; SECRETARY → CHIEF LEGAL OFFICER; VICE PRESIDENT; SECRETARY
- ChangedPORTIS, JESSICA, NOEL · title HEAD OF MEMBER PORTFOLIO MANAGEMENT AND SERVICES; DIRECTOR → CHIEF CLIENT OFFICER
- AddedBRENNER, DAVID, MARC · DIRECTOR OF TAS MANAGEMENT CO. LLC · General partner, trustee or manager · indirect via TAS MANAGEMENT CO. LLC · control person
- ChangedBRENNER, DAVID, MARC · title CHIEF OPERATING OFFICER; VICE PRESIDENT → CHIEF OPERATING OFFICER; VICE PRESIDENT; DIRECTOR
- ChangedSNOW, DAVID, CHRISTOPHER · title CHIEF TECHNOLOGY OFFICER, EXECUTIVE DIRECTOR → CHIEF TECHNOLOGY OFFICER
- No longer listedNAVARATNA, ANUJA, INDRADHANUSHA · VICE PRESIDENT · Less than 5% · control person · listed since Dec 2023
- AddedSNOW, DAVID, CHRISTOPHER · CHIEF TECHNOLOGY OFFICER, EXECUTIVE DIRECTOR · Less than 5% · control person
- ChangedBRENNER, DAVID, MARC · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER; VICE PRESIDENT
- No longer listedHAMID, ZANE, TAYYEB · VICE PRESIDENT · Less than 5% · control person · listed since Sep 2023
- No longer listedZION, ROBERT, JAY · CHIEF OPERATING OFFICER; VICE PRESIDENT · Less than 5% · control person · listed since Sep 2023
- AddedBRENNER, DAVID, MARC · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedNAVARATNA, ANUJA, INDRADHANUSHA · VICE PRESIDENT · Less than 5% · control person
- ListedBRENAN, CLARENCE, KANE · CHIEF EXECUTIVE OFFICER; DIRECTOR · Less than 5% · control person
- ListedBRENAN, CLARENCE, KANE · DIRECTOR OF TAS MANAGEMENT CO. LLC · General partner, trustee or manager · indirect via TAS MANAGEMENT CO. LLC · control person
- ListedDERGANC-BILLINGS, KATHERINE MARY, (NMN) · VICE PRESIDENT; TREASURER · Less than 5% · control person
- ListedHAMID, ZANE, TAYYEB · VICE PRESIDENT · Less than 5% · control person
- ListedMATSON, LISA, LAZARUS BLACK · GENERAL COUNSEL; VICE PRESIDENT; SECRETARY · Less than 5% · control person
- ListedPORTIS, JESSICA, NOEL · HEAD OF MEMBER PORTFOLIO MANAGEMENT AND SERVICES; DIRECTOR · Less than 5% · control person
- ListedPORTIS, JESSICA, NOEL · DIRECTOR OF TAS MANAGEMENT CO. LLC · General partner, trustee or manager · indirect via TAS MANAGEMENT CO. LLC · control person
- ListedSZAUTNER, CHRISTIAN, ANDREAS · CHIEF COMPLIANCE OFFICER; VICE PRESIDENT · Less than 5% · control person
- ListedTAS II, INC. · OWNER OF 100% OF THE PREFERRED LLC INTERESTS · 75% or more · control person
- ListedTAS MANAGEMENT CO. LLC · OWNER OF 100% OF THE COMMON LLC INTERESTS · 75% or more · control person
- ListedWILLOUGHBY, JAY, LYNN · CHIEF INVESTMENT OFFICER; DIRECTOR · Less than 5% · control person
- ListedWILLOUGHBY, JAY, LYNN · DIRECTOR OF TAS MANAGEMENT CO. LLC · General partner, trustee or manager · indirect via TAS MANAGEMENT CO. LLC · control person
- ListedZION, ROBERT, JAY · CHIEF OPERATING OFFICER; VICE PRESIDENT · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- VANGUARD INTL EQUITY INDEX F$9.5M +11.2%
- ALPHABET INC$6.7M +80.4%
- INVESCO EXCH TRADED FD TR II$6.2M +15.1%
- APPLE INC$4.5M +12.6%
- VANGUARD INDEX FDS$2.2M +8.3%
Top Trims
- SELECT SECTOR SPDR TR-$31.5M -41.0%
- SELECT SECTOR SPDR TR-$9.0M -83.9%
- NVIDIA CORPORATION-$4.6M -17.9%
- PERMIAN RESOURCES CORP-$2.5M -15.6%
- MICROSOFT CORP-$1.2M -40.5%
Exited Positions
- BARK INC$7.1M
- AMAZON COM INC$3.1M
- VISA INC$2.9M
- GE AEROSPACE$2.6M
- FIDELITY NATL FINL INC$2.6M
TIFF ADVISORY SERVICES, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $94.4M | 23.16% | 601,770 | SH |
| 2 | INVESCO EXCH TRADED FD TR II | KBWB | 46138E628 | $47.6M | 11.67% | 511,729 | SH |
| 3 | SELECT SECTOR SPDR TR | XLF | 81369Y605 | $45.5M | 11.14% | 847,790 | SH |
| 4 | VANGUARD SCOTTSDALE FDS | VGLT | 92206C847 | $41.3M | 10.13% | 748,527 | SH |
| 5 | APPLE INC | AAPL | 037833100 | $39.9M | 9.79% | 137,967 | SH |
| 6 | VANGUARD INDEX FDS | VOO | 922908363 | $28.8M | 7.05% | 41,878 | SH |
| 7 | NVIDIA CORPORATION | NVDA | 67066G104 | $21.2M | 5.19% | 105,842 | SH |
| 8 | VANGUARD BD INDEX FDS | BND | 921937835 | $16.0M | 3.92% | 217,686 | SH |
| 9 | ISHARES TR | LQD | 464287242 | $15.7M | 3.85% | 143,968 | SH |
| 10 | ALPHABET INC | GOOG | 02079K107 | $15.0M | 3.68% | 42,473 | SH |
| 11 | PERMIAN RESOURCES CORP | PR | 71424F105 | $13.4M | 3.28% | 727,783 | SH |
| 12 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $12.0M | 2.94% | 143,115 | SH |
| 13 | SPDR SERIES TRUST | SPYX | 78468R796 | $5.4M | 1.32% | 88,365 | SH |
| 14 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $3.0M | 0.73% | 50,755 | SH |
| 15 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $2.7M | 0.65% | 44,398 | SH |
| 16 | SPDR INDEX SHS FDS | EFAX | 78470E106 | $1.8M | 0.44% | 33,093 | SH |
| 17 | SELECT SECTOR SPDR TR | XLE | 81369Y506 | $1.7M | 0.43% | 32,671 | SH |
| 18 | MICROSOFT CORP | MSFT | 594918104 | $1.7M | 0.42% | 4,540 | SH |
| 19 | SPDR INDEX SHS FDS | EEMX | 78470E205 | $890.3K | 0.22% | 16,442 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | $407.9M | 19 | 0001271347-26-000005 |
| 2026-03-31 | 2026-05-12 | $443.8M | 25 | 0001271347-26-000003 |
| 2025-12-31 | 2026-02-09 | $581.0M | 31 | 0001104659-26-011667 |
| 2025-09-30 | 2025-11-06 | $480.3M | 26 | 0001104659-25-107799 |
SUITE 300
RADNOR, PA 19087