TFC Financial Management, Inc. — 13F Holdings & Portfolio
CIK 1827844 · latest 13F-HR filed 2026-07-23
TFC Financial Management, Inc. manages $902.3M in 13F-reported U.S. long-equity assets across 1,034 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (26.99%), IDEV (13.59%), SHY (9.34%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 99 new positions and exited 63; 611 existing positions rose in reported value and 184 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.
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AUM
$902.3M
Long-equity book
Holdings
1,034
Distinct positions
Period
2026-06-30
Filed 2026-07-23
Q/Q Activity
+99 / −63 / ↑611 / ↓184
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26IVV27.0% · -2%IDEV13.6% · +0%SHY9.3% · +4%IEMG6.7% · -3%JQUA6.1% · +2%DFUV5.5% · -0%DFAT3.2% · +1%VTWG2.8% · +6%VV2.0% · +4%JNJ1.4% · -1%NUEM1.4% · -0%AAPL1.3% · -3%BSV0.7% · -21%BRK.B0.7% · 0%MSFT0.6% · -2%XOM0.6% · +2%MRK0.6% · +0%NVDA0.5% · +1%CVMC0.5% · newESML0.5% · +4%ITOT0.5% · +4%GOOGL0.4% · -2%BND0.4% · -23%IWB0.4% · 0%JSTC0.3% · +1%BRK.A0.3% · -20%IBM0.3% · -18%GE0.3% · -0%QUAL0.3% · +3%SPY0.3% · +0%ONB0.3% · -6%VTI0.3% · +1%VXF0.3% · -2%JPM0.3% · +6%AMZN0.3% · -0%VOO0.2% · -2%GEV0.2% · +1%IJR0.2% · -1%LHX0.2% · 0%IEFA0.2% · -1%EFA0.2% · +9%PWRD0.2% · -11%HTFL0.2% · 0%GOOG0.2% · +7%ACN0.2% · -2%EXPE0.2% · +0%IWF0.2% · +346%SUSA0.1% · -2%MA0.1% · +0%VTV0.1% · +0%PG0.1% · +5%WMT0.1% · -0%MMM0.1% · -0%VB0.1% · -62%COST0.1% · +3%NUDM0.1% · 0%LLY0.1% · +12%META0.1% · -14%DDOG0.1% · -54%DVY0.1% · +0%
Box 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
3 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 = 77.7%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 4, 2026.
Assets Under Management
$1.78B
Discretionary
$1.78B
Employees
22
Accounts
1,619
Address
260 FRANKLIN STREET
SUITE 1888
BOSTON, MA 02110
SUITE 1888
BOSTON, MA 02110
Phone
(617) 210-6700
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KWOK, RENEE, KAMYEE Control | PRESIDENT, CEO since Feb 2007 | 50–75% | Individual |
| WYLLIE, CONSTANCE, HAEHNEL Control | CHIEF COMPLIANCE OFFICER since Feb 2015 | 5–10% | Individual |
| JAMES L. JOSLIN REVOCABLE TRUST | SHAREHOLDER since Sep 2020 | 10–25% | Domestic Entity |
| PRESTI, BRIAN, JOSEPH | CHIEF INVESTMENT OFFICER since Jun 2023 | Less than 5% | Individual |
| STEPHEN J. O'NEILL REVOCABLE TRUST | SHAREHOLDER since Jun 2023 | 5–10% | Domestic Entity |
| SULLIVAN, LEANN, NATHAN | SR. VICE PRESIDENT since Jan 2010 | 10–25% | Individual |
| JOSLIN, JAMES, LIPPITT Indirect owner via JAMES L. JOSLIN REVOCABLE TRUST | TRUSTEE since Sep 2020 | General partner, trustee or manager | Individual |
| Joslin, Sarah, V. Indirect owner via JAMES L. JOSLIN REVOCABLE TRUST | TRUSTEE since Sep 2020 | General partner, trustee or manager | Individual |
| O'Neill, Patricia, Bee Indirect owner via STEPHEN J. O'NEILL REVOCABLE TRUST | TRUSTEE since Jun 2023 | General partner, trustee or manager | Individual |
| ONEILL, STEPHEN, JAMES Indirect owner via STEPHEN J. O'NEILL REVOCABLE TRUST | TRUSTEE since Jun 2023 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 15 filings with changes since Mar 28, 2012
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.
Mar 4, 2026 filing
- ChangedSULLIVAN, LEANN, NATHAN · ownership 5–10% → 10–25%
Mar 4, 2025 filing
- No longer listedJOSLIN, JAMES, LIPPITT · CHAIRMAN · 10–25% · control person · listed since Mar 1991
- No longer listedONEILL, STEPHEN, JAMES · PRINCIPAL · 10–25% · control person · listed since Dec 1980
- AddedJAMES L. JOSLIN REVOCABLE TRUST · SHAREHOLDER · 10–25%
- AddedJOSLIN, JAMES, LIPPITT · TRUSTEE · General partner, trustee or manager · indirect via JAMES L. JOSLIN REVOCABLE TRUST
- AddedJoslin, Sarah, V. · TRUSTEE · General partner, trustee or manager · indirect via JAMES L. JOSLIN REVOCABLE TRUST
- AddedO'Neill, Patricia, Bee · TRUSTEE · General partner, trustee or manager · indirect via STEPHEN J. O'NEILL REVOCABLE TRUST
- AddedONEILL, STEPHEN, JAMES · TRUSTEE · General partner, trustee or manager · indirect via STEPHEN J. O'NEILL REVOCABLE TRUST
- AddedSTEPHEN J. O'NEILL REVOCABLE TRUST · SHAREHOLDER · 5–10%
- ChangedWYLLIE, CONSTANCE, HAEHNEL · ownership Less than 5% → 5–10%
Jul 21, 2023 filing
- AddedPRESTI, BRIAN, JOSEPH · CHIEF INVESTMENT OFFICER · Less than 5%
- ChangedSULLIVAN, LEANN, NATHAN · title VICE PRESIDENT → SR. VICE PRESIDENT
Mar 7, 2023 filing
- No longer listedKERN, DANIEL, STEVEN · CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Feb 2017
Mar 24, 2021 filing
- AddedSULLIVAN, LEANN, NATHAN · VICE PRESIDENT · 5–10%
- ChangedONEILL, STEPHEN, JAMES · ownership 25–50% → 10–25%
Mar 10, 2018 filing
- ChangedKERN, DANIEL, STEVEN · now a control person
- ChangedWYLLIE, CONSTANCE, HAEHNEL · now a control person
Mar 9, 2017 filing
- ChangedJOSLIN, JAMES, LIPPITT · title CHAIRMAN / CHIEF EXECUTIVE OFFICER → CHAIRMAN
- ChangedKWOK, RENEE, KAMYEE · title PRESIDENT → PRESIDENT, CEO
Mar 3, 2017 filing
- AddedKERN, DANIEL, STEVEN · CHIEF INVESTMENT OFFICER · Less than 5%
Mar 17, 2016 filing
- ChangedKWOK, RENEE, KAMYEE · ownership 25–50% → 50–75%
Mar 27, 2015 filing
- AddedWYLLIE, CONSTANCE, HAEHNEL · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedJOSLIN, JAMES, LIPPITT · title CHAIRMAN / CHIEF EXECUTIVE OFFICER / CHIEF COMPLIANCE OFFICER → CHAIRMAN / CHIEF EXECUTIVE OFFICER
Older changes (6 more filings)
Jun 18, 2014 filing
- No longer listedTFC FINANCIAL MANAGEMENT INC · TFC FINANCIAL MANAGEMENT, INC. RETAINED · 10–25% · listed since Apr 2014
Apr 24, 2014 filing
- No longer listedMECKEL, TIMOTHY, STEPHAN · PRINCIPAL · 25–50% · control person · listed since Jan 2013
- AddedTFC FINANCIAL MANAGEMENT INC · TFC FINANCIAL MANAGEMENT, INC. RETAINED · 10–25%
Feb 5, 2014 filing
- ChangedJOSLIN, JAMES, LIPPITT · title CHAIRMAN / CHIEF EXECUTIVE OFFICER → CHAIRMAN / CHIEF EXECUTIVE OFFICER / CHIEF COMPLIANCE OFFICER
- ChangedMECKEL, TIMOTHY, STEPHAN · title MANAGING PRINCIPAL / CHIEF COMPLIANCE OFFICER → PRINCIPAL
Apr 1, 2013 filing
- ChangedJOSLIN, JAMES, LIPPITT · title CHIEF COMPLIANCE OFFICER / CHAIRMAN / CHIEF EXECUTIVE OFFICER → CHAIRMAN / CHIEF EXECUTIVE OFFICER; ownership 25–50% → 10–25%
- ChangedMECKEL, TIMOTHY, STEPHAN · title MANAGING PRINCIPAL → MANAGING PRINCIPAL / CHIEF COMPLIANCE OFFICER
Jul 2, 2012 filing
- AddedMECKEL, TIMOTHY, STEPHAN · MANAGING PRINCIPAL · 25–50% · control person
- ChangedJOSLIN, JAMES, LIPPITT · title CHAIRMAN/CHIEF EXECUTIVE OFFICER / CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER / CHAIRMAN / CHIEF EXECUTIVE OFFICER; ownership 50–75% → 25–50%
- ChangedKWOK, RENEE, KAMYEE · ownership 10–25% → 25–50%
Mar 28, 2012 filing (earliest on record)
- ListedJOSLIN, JAMES, LIPPITT · CHAIRMAN/CHIEF EXECUTIVE OFFICER / CHIEF COMPLIANCE OFFICER · 50–75% · control person
- ListedKWOK, RENEE, KAMYEE · PRESIDENT · 10–25% · control person
- ListedONEILL, STEPHEN, JAMES · PRINCIPAL · 25–50% · 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)
- ISHARES TR$26.0M +11.9%
- J P MORGAN EXCHANGE TRADED F$9.5M +20.8%
- ISHARES INC$8.1M +15.5%
- ISHARES TR$8.0M +7.0%
- VANGUARD SCOTTSDALE FDS$6.2M +32.9%
Top Trims
- VANGUARD BD INDEX FDS-$1.9M -21.9%
- VANGUARD INDEX FDS-$1.4M -55.4%
- EXXON MOBIL CORP-$1.2M -17.7%
- VANGUARD BD INDEX FDS-$986.0K -23.7%
- ACCENTURE PLC IRELAND-$930.0K -38.5%
New Positions
- MORGAN STANLEY ETF TRUST$4.7M
- ISHARES TR$176.0K
- DUPONT DE NEMOURS INC$147.7K
- GRAHAM HLDGS CO$117.6K
- HONEYWELL INTL INC$117.4K
Exited Positions
- THE TRADE DESK INC$371.5K
- DUPONT DE NEMOURS INC$149.7K
- HONEYWELL INTL INC$145.0K
- ZOETIS INC$129.2K
- RELX PLC$68.4K
TFC Financial Management, Inc. 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 | ISHARES TR | IVV | 464287200 | $243.5M | 26.99% | 325,201 | SH |
| 2 | ISHARES TR | IDEV | 46435G326 | $122.6M | 13.59% | 1,377,805 | SH |
| 3 | ISHARES TR | SHY | 464287457 | $84.3M | 9.34% | 1,026,401 | SH |
| 4 | ISHARES INC | IEMG | 46434G103 | $60.9M | 6.75% | 734,844 | SH |
| 5 | J P MORGAN EXCHANGE TRADED F | JQUA | 46641Q761 | $55.2M | 6.12% | 764,173 | SH |
| 6 | DIMENSIONAL ETF TRUST | DFUV | 25434V724 | $49.8M | 5.52% | 905,753 | SH |
| 7 | DIMENSIONAL ETF TRUST | DFAT | 25434V609 | $28.8M | 3.19% | 411,492 | SH |
| 8 | VANGUARD SCOTTSDALE FDS | VTWG | 92206C623 | $25.1M | 2.78% | 87,140 | SH |
| 9 | VANGUARD INDEX FDS | VV | 922908637 | $18.3M | 2.03% | 53,307 | SH |
| 10 | JOHNSON & JOHNSON | JNJ | 478160104 | $12.4M | 1.38% | 48,938 | SH |
| 11 | NUSHARES ETF TR | NUEM | 67092P888 | $12.4M | 1.38% | 292,478 | SH |
| 12 | APPLE INC | AAPL | 037833100 | $12.1M | 1.34% | 41,897 | SH |
| 13 | VANGUARD BD INDEX FDS | BSV | 921937827 | $6.7M | 0.74% | 85,616 | SH |
| 14 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $5.9M | 0.65% | 11,749 | SH |
| 15 | MICROSOFT CORP | MSFT | 594918104 | $5.9M | 0.65% | 15,703 | SH |
| 16 | EXXON MOBIL CORP | XOM | 30231G102 | $5.7M | 0.63% | 41,610 | SH |
| 17 | MERCK & CO INC | MRK | 58933Y105 | $5.0M | 0.55% | 38,730 | SH |
| 18 | NVIDIA CORPORATION | NVDA | 67066G104 | $4.8M | 0.53% | 23,959 | SH |
| 19 | MORGAN STANLEY ETF TRUST | CVMC | 61774R403 | $4.7M | 0.52% | 61,148 | SH |
| 20 | ISHARES TR | ESML | 46435U663 | $4.6M | 0.51% | 81,801 | SH |
| 21 | ISHARES TR | ITOT | 464287150 | $4.4M | 0.49% | 26,677 | SH |
| 22 | ALPHABET INC | GOOGL | 02079K305 | $3.3M | 0.37% | 9,217 | SH |
| 23 | VANGUARD BD INDEX FDS | BND | 921937835 | $3.2M | 0.35% | 43,338 | SH |
| 24 | ISHARES TR | IWB | 464287622 | $3.2M | 0.35% | 7,765 | SH |
| 25 | TIDAL TRUST I | JSTC | 886364876 | $3.0M | 0.34% | 132,532 | SH |
| 26 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $3.0M | 0.33% | 4 | SH |
| 27 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $2.9M | 0.32% | 10,159 | SH |
| 28 | GE AEROSPACE | GE | 369604301 | $2.7M | 0.30% | 7,313 | SH |
| 29 | ISHARES TR | QUAL | 46432F339 | $2.6M | 0.29% | 11,869 | SH |
| 30 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $2.5M | 0.28% | 3,357 | SH |
| 31 | OLD NATL BANCORP IND | ONB | 680033107 | $2.5M | 0.27% | 95,400 | SH |
| 32 | VANGUARD INDEX FDS | VTI | 922908769 | $2.5M | 0.27% | 6,627 | SH |
| 33 | VANGUARD INDEX FDS | VXF | 922908652 | $2.4M | 0.26% | 9,667 | SH |
| 34 | JPMORGAN CHASE & CO | JPM | 46625H100 | $2.4M | 0.26% | 7,198 | SH |
| 35 | AMAZON COM INC | AMZN | 023135106 | $2.3M | 0.25% | 9,588 | SH |
| 36 | VANGUARD INDEX FDS | VOO | 922908363 | $2.1M | 0.23% | 3,083 | SH |
| 37 | GE VERNOVA INC | GEV | 36828A101 | $2.0M | 0.22% | 1,710 | SH |
| 38 | ISHARES TR | IJR | 464287804 | $2.0M | 0.22% | 13,512 | SH |
| 39 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $1.8M | 0.20% | 6,112 | SH |
| 40 | ISHARES TR | IEFA | 46432F842 | $1.7M | 0.19% | 18,092 | SH |
| 41 | ISHARES TR | EFA | 464287465 | $1.7M | 0.19% | 16,694 | SH |
| 42 | TCW ETF TRUST | PWRD | 29287L205 | $1.7M | 0.18% | 13,540 | SH |
| 43 | HEARTFLOW INC | HTFL | 42238D107 | $1.6M | 0.18% | 55,598 | SH |
| 44 | ALPHABET INC | GOOG | 02079K107 | $1.6M | 0.18% | 4,564 | SH |
| 45 | ACCENTURE PLC IRELAND | ACN | G1151C101 | $1.5M | 0.16% | 11,916 | SH |
| 46 | EXPEDIA GROUP INC | EXPE | 30212P303 | $1.4M | 0.16% | 5,526 | SH |
| 47 | ISHARES TR | IWF | 464287614 | $1.4M | 0.15% | 11,193 | SH |
| 48 | ISHARES TR | SUSA | 464288802 | $1.3M | 0.15% | 8,523 | SH |
| 49 | MASTERCARD INCORPORATED | MA | 57636Q104 | $1.3M | 0.15% | 2,553 | SH |
| 50 | VANGUARD INDEX FDS | VTV | 922908744 | $1.3M | 0.14% | 5,984 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | $902.3M | 1,034 | 0001398344-26-012512 |
| 2026-03-31 | 2026-04-23 | $811.6M | 998 | 0001398344-26-006946 |
| 2025-12-31 | 2026-01-23 | $797.3M | 963 | 0001398344-26-001127 |
Filer Information
Address
260 FRANKLIN STREETSUITE 1888
BOSTON, MA 02110
Phone
(617) 210-6725
Filing Manager
TFC Financial Management, Inc.
BOSTON, MA
Signatory
Constance H. Wyllie
CCO