TECTONIC ADVISORS LLC — 13F Holdings & Portfolio
CIK 1859918 · latest 13F-HR filed 2026-07-15
TECTONIC ADVISORS LLC manages $2.08B in 13F-reported U.S. long-equity assets across 356 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BOND (7.40%), IVV (5.12%), VOO (5.10%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 39 new positions and exited 17; 157 existing positions rose in reported value and 47 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
$2.08B
Long-equity book
Holdings
356
Distinct positions
Period
2026-06-30
Filed 2026-07-15
Q/Q Activity
+39 / −17 / ↑157 / ↓47
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26VOO7.6% · +5%BOND7.4% · +3%IVV5.2% · +6%TOTL5.0% · +4%SPYM4.1% · -1%GQGU3.7% · +3%VEA2.8% · +4%BND2.2% · +6%TLCI2.2% · +2%AGG1.8% · +8%BIL1.6% · +7%FLXR1.4% · +9%VO1.4% · +320%VB1.2% · +4%ABEQ1.1% · -0%VNQ1.1% · +4%CSCO1.0% · -9%IRM1.0% · -2%OKE0.9% · +4%ENB0.9% · +4%NNN0.8% · +6%IBM0.8% · +7%CWEN0.8% · newIEFA0.8% · +6%VWO0.8% · +4%USRT0.8% · +3%MO0.8% · +4%IAGG0.8% · -3%MRK0.8% · +0%BWX0.8% · 0%HTGC0.8% · +13%ABBV0.8% · +8%MPLX0.8% · +6%ARCC0.8% · +13%VZ0.7% · +6%EPD0.7% · +4%ET0.7% · +5%MLPA0.7% · +3%AMLP0.7% · +3%TSLX0.7% · +16%AVGO0.7% · -1%MSM0.7% · 0%WPC0.7% · +5%IJR0.7% · +6%IJH0.7% · +6%O0.7% · +7%HAS0.7% · +8%GILD0.6% · +6%T0.6% · +12%ED0.6% · +6%DELL0.6% · -38%DUK0.6% · +7%VICI0.6% · +12%KO0.6% · +4%CRH0.5% · -1%USFR0.5% · -12%KNX0.5% · +1%HRB0.5% · +11%PAYX0.5% · +14%PG0.5% · +11%
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 = 42%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 30, 2026.
Assets Under Management
$5.14B
Discretionary
$4.79B
Employees
6
Accounts
9,259
Address
17 COWBOYS WAY
STE 250
FRISCO, TX 75034
STE 250
FRISCO, TX 75034
Phone
(713) 250-4200
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BOLF, JEREMY, LAYNE Control | CCO since Sep 2024 | Less than 5% | Individual |
| BORTZ, BRIAN, ROBERT Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| CAIN, STEVEN, LAWRENCE Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| CLAPP, STEVEN, BRADLEY Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| CRAWFORD, JUDSON, STANDEFER Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| ERWIN, ANDREW, SCOTT Control | COO since Jan 2024 | Less than 5% | Individual |
| GREAVES, TIMOTHY, BASIL Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| LEE, TONI, HATCHER Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| LORETTO SATTERFIELD LLC Control | SHAREHOLDER since Jan 2026 | 10–25% | Domestic Entity |
| LYONS, PAUL, DOUGLAS Control | SENIOR MANAGING DIRECTOR since Jan 2006 | Less than 5% | Individual |
| SANDERS, THOMAS, ROBERT Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| WICKER, DAN, CHARLES Control | SHAREHOLDER since Jan 2026 | 10–25% | Individual |
| LORETTO, CHARLES, ARNOLD Control Indirect owner via LORETTO SATTERFIELD LLC | MANAGING MEMBER since May 2021 | 50–75% | Individual |
| SATTERFIELD, HUNTER, DAVID Control Indirect owner via LORETTO SATTERFIELD LLC | MANAGING MEMBER since May 2021 | 50–75% | Individual |
Ownership & leadership changes · 15 filings with changes since Nov 15, 2011
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.
Feb 2, 2026 filing
- No longer listedBAIRD, MICHELLE, BARTOE · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Feb 2015
- No longer listedCAIN, DARRELL, WARD · CHAIRMAN · Less than 5% · control person · listed since May 2005
- No longer listedMANGOLD, STEPHEN, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2019
- No longer listedSHERMAN, ARTHUR, HAAG · CEO AND CIO · Less than 5% · control person · listed since Feb 2015
- No longer listedTECTONIC FINANCIAL, INC. · PARENT COMPANY · 75% or more · control person · listed since May 2019
- AddedBOLF, JEREMY, LAYNE · CCO · Less than 5% · control person
- AddedBORTZ, BRIAN, ROBERT · SHAREHOLDER · 10–25% · control person
- AddedCAIN, STEVEN, LAWRENCE · SHAREHOLDER · 10–25% · control person
- AddedCLAPP, STEVEN, BRADLEY · SHAREHOLDER · 10–25% · control person
- AddedCRAWFORD, JUDSON, STANDEFER · SHAREHOLDER · 10–25% · control person
- AddedERWIN, ANDREW, SCOTT · COO · Less than 5% · control person
- AddedGREAVES, TIMOTHY, BASIL · SHAREHOLDER · 10–25% · control person
- AddedLEE, TONI, HATCHER · SHAREHOLDER · 10–25% · control person
- AddedLORETTO SATTERFIELD LLC · SHAREHOLDER · 10–25% · control person
- AddedLORETTO, CHARLES, ARNOLD · MANAGING MEMBER · 50–75% · indirect via LORETTO SATTERFIELD LLC · control person
- AddedSANDERS, THOMAS, ROBERT · SHAREHOLDER · 10–25% · control person
- AddedSATTERFIELD, HUNTER, DAVID · MANAGING MEMBER · 50–75% · indirect via LORETTO SATTERFIELD LLC · control person
- AddedWICKER, DAN, CHARLES · SHAREHOLDER · 10–25% · control person
Oct 21, 2025 filing
- No longer listedCAIN, DARRELL, WARD · CHAIRMAN · Less than 5% · control person · listed since May 2005
- No longer listedLYONS, PAUL, DOUGLAS · SENIOR MANAGING DIRECTOR · Less than 5% · control person · listed since Jan 2006
- Listed againCAIN, DARRELL, WARD · CHAIRMAN · Less than 5% · control person
- Listed againLYONS, PAUL, DOUGLAS · SENIOR MANAGING DIRECTOR · Less than 5% · control person
May 31, 2022 filing
- No longer listedSHERMAN, ARTHUR, HAAG · TRUSTEE · General partner, trustee or manager · indirect via THE SHERMAN FAMILY IRREVOCABLE TRUST · control person · listed since Dec 2016
- No longer listedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC FINANCIAL, INC. · control person · listed since May 2015
- No longer listedSherman, Millette, Lewis · TRUSTEE · General partner, trustee or manager · indirect via THE SHERMAN FAMILY IRREVOCABLE TRUST · control person · listed since Dec 2016
- No longer listedTHE SHERMAN FAMILY IRREVOCABLE TRUST · MEMBER/MANAGER · 25–50% · indirect via TECTONIC FINANCIAL, INC. · control person · listed since Dec 2016
Nov 8, 2019 filing
- No longer listedDIXON, NANCY, ELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2019
- AddedMANGOLD, STEPHEN, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
Sep 27, 2019 filing
- No longer listedHUNT, DAVID, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Mar 2019
- No longer listedTECTONIC SERVICES LLC · MANAGING MEMBER · Less than 5% · control person · listed since Feb 2015
- Listed againDIXON, NANCY, ELAINE · CHIEF COMPLIANCE OFFICER · Less than 5%
Sep 10, 2019 filing
- No longer listedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC SERVICES LLC · control person · listed since May 2015
- No longer listedTHE SHERMAN FAMILY IRREVOCABLE TRUST · MEMBER/MANAGER · 25–50% · indirect via TECTONIC HOLDINGS, LLC · control person · listed since Dec 2016
- AddedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC FINANCIAL, INC. · control person
- AddedTHE SHERMAN FAMILY IRREVOCABLE TRUST · MEMBER/MANAGER · 25–50% · indirect via TECTONIC FINANCIAL, INC. · control person
Jul 3, 2019 filing
- No longer listedTECTONIC HOLDINGS LLC · MEMBER · 75% or more · control person · listed since May 2015
- AddedTECTONIC FINANCIAL, INC. · PARENT COMPANY · 75% or more · control person
Mar 27, 2019 filing
- No longer listedDIXON, NANCY, ELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Feb 2017
- AddedBAIRD, MICHELLE, BARTOE · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- AddedHUNT, DAVID, LEE · CHIEF COMPLIANCE OFFICER · Less than 5%
Jun 16, 2017 filing
- No longer listedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC HOLDINGS LLC · control person · listed since May 2015
- AddedSHERMAN, ARTHUR, HAAG · TRUSTEE · General partner, trustee or manager · indirect via THE SHERMAN FAMILY IRREVOCABLE TRUST · control person
- AddedSherman, Millette, Lewis · TRUSTEE · General partner, trustee or manager · indirect via THE SHERMAN FAMILY IRREVOCABLE TRUST · control person
- AddedTHE SHERMAN FAMILY IRREVOCABLE TRUST · MEMBER/MANAGER · 25–50% · indirect via TECTONIC HOLDINGS, LLC · control person
Feb 28, 2017 filing
- No longer listedMOORE, GARY, VERN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2005
- AddedDIXON, NANCY, ELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Older changes (6 more filings)
Aug 27, 2015 filing
- ChangedLYONS, PAUL, DOUGLAS · title VICE PRESIDENT → SENIOR MANAGING DIRECTOR
May 21, 2015 filing
- No longer listedCAIN, DARRELL, WARD · CHAIRMAN/MANAGER · 75% or more · indirect via TECTONIC SERVICES LLC · control person · listed since Feb 2015
- AddedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC HOLDINGS LLC · control person
- AddedSHERMAN, ARTHUR, HAAG · MEMBER/MANAGER · 50–75% · indirect via TECTONIC SERVICES LLC · control person
- AddedTECTONIC HOLDINGS LLC · MEMBER · 75% or more · control person
- ChangedCAIN, DARRELL, WARD · ownership 75% or more → Less than 5%
- ChangedTECTONIC SERVICES LLC · title MANAGER → MANAGING MEMBER
Mar 6, 2015 filing
- No longer listedCAIN, DARRELL, WARD · LP/OWNER · 75% or more · indirect via III:I FMR, INC. · control person · listed since May 2005
- No longer listedIII:I FMR, INC. · GP · Less than 5% · control person · listed since May 2005
- AddedCAIN, DARRELL, WARD · CHAIRMAN/MANAGER · 75% or more · indirect via TECTONIC SERVICES LLC · control person
- AddedSHERMAN, ARTHUR, HAAG · CEO AND CIO · Less than 5% · control person
- AddedTECTONIC SERVICES LLC · MANAGER · Less than 5% · control person
- ChangedCAIN, DARRELL, WARD · title LP → CHAIRMAN
- ChangedLYONS, PAUL, DOUGLAS · title VP → VICE PRESIDENT
Mar 28, 2013 filing
- AddedLYONS, PAUL, DOUGLAS · VP · Less than 5% · control person
Feb 24, 2012 filing
- No longer listedWATTERS, MICHAEL, TAYLOR · LP · 25–50% · control person · listed since May 2005
- No longer listedWATTERS, MICHAEL, TAYLOR · LP/OWNER · 50–75% · indirect via III:I FMR, INC. · control person · listed since May 2005
- ChangedCAIN, DARRELL, WARD · ownership 25–50% → 75% or more
- ChangedCAIN, DARRELL, WARD · indirect via III:I FMR, INC.: ownership 50–75% → 75% or more
Nov 15, 2011 filing (earliest on record)
- ListedCAIN, DARRELL, WARD · LP · 25–50% · control person
- ListedCAIN, DARRELL, WARD · LP/OWNER · 50–75% · indirect via III:I FMR, INC. · control person
- ListedIII:I FMR, INC. · GP · Less than 5% · control person
- ListedMOORE, GARY, VERN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedWATTERS, MICHAEL, TAYLOR · LP · 25–50% · control person
- ListedWATTERS, MICHAEL, TAYLOR · LP/OWNER · 50–75% · indirect via III:I FMR, INC. · 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 INDEX FDS$26.8M +20.3%
- ISHARES TR$19.0M +21.4%
- SPDR SERIES TRUST$10.1M +13.6%
- VANGUARD TAX-MANAGED FDS$8.0M +15.6%
- SS&C TECH HLDGS$6.1M +916.4%
Top Trims
- BLUE OWL CAPITAL CORPORATION-$13.1M -98.5%
- LKQ CORP-$4.5M -46.3%
- AT&T INC-$3.2M -20.1%
- CLEAN HARBORS INC-$2.9M -22.4%
- GOLDMAN SACHS ETF TR-$2.0M -30.9%
New Positions
- CLEARWAY ENERGY INC$17.2M
- CAPITAL SOUTHWEST CORP$8.4M
- MAIN STR CAP CORP$7.5M
- POOL CORP$7.1M
- TENET HEALTHCARE CORP$2.0M
Exited Positions
- CLEARWAY ENERGY INC$19.5M
- FIRST HORIZON CORPORATION$4.3M
- AMERICAN HOMES 4 RENT$2.5M
- I3 VERTICALS INC$2.2M
- STRATUS PPTYS INC$1.8M
TECTONIC ADVISORS 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 | PIMCO ETF TR | BOND | 72201R775 | $153.9M | 7.40% | 1,668,874 | SH |
| 2 | ISHARES TR | IVV | 464287200 | $106.5M | 5.12% | 142,256 | SH |
| 3 | VANGUARD INDEX FDS | VOO | 922908363 | $106.2M | 5.10% | 154,614 | SH |
| 4 | SSGA ACTIVE ETF TR | TOTL | 78467V848 | $104.4M | 5.02% | 2,643,914 | SH |
| 5 | SPDR SERIES TRUST | SPYM | 78464A854 | $84.8M | 4.08% | 965,257 | SH |
| 6 | ADVISORS INNER CIRCLE FD III | GQGU | 00775Y256 | $76.1M | 3.66% | 2,995,212 | SH |
| 7 | VANGUARD INDEX FDS | VOO | 922908363 | $52.4M | 2.52% | 76,254 | SH |
| 8 | TOUCHSTONE ETF TRUST | TLCI | 89157W871 | $44.9M | 2.16% | 1,667,435 | SH |
| 9 | ISHARES TR | AGG | 464287226 | $35.3M | 1.70% | 356,745 | SH |
| 10 | VANGUARD BD INDEX FDS | BND | 921937835 | $35.1M | 1.69% | 477,839 | SH |
| 11 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $34.3M | 1.65% | 481,665 | SH |
| 12 | SPDR SERIES TRUST | BIL | 78468R663 | $33.1M | 1.59% | 361,403 | SH |
| 13 | TCW ETF TRUST | FLXR | 29287L700 | $29.3M | 1.41% | 747,315 | SH |
| 14 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $24.7M | 1.18% | 346,044 | SH |
| 15 | UNIFIED SER TR | ABEQ | 90470L568 | $22.7M | 1.09% | 610,683 | SH |
| 16 | CISCO SYS INC | CSCO | 17275R102 | $20.7M | 0.99% | 175,943 | SH |
| 17 | IRON MTN INC DEL | IRM | 46284V101 | $20.2M | 0.97% | 160,175 | SH |
| 18 | ONEOK INC NEW | OKE | 682680103 | $18.9M | 0.91% | 217,643 | SH |
| 19 | ENBRIDGE INC | ENB | 29250N105 | $17.8M | 0.86% | 328,913 | SH |
| 20 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $17.5M | 0.84% | 62,193 | SH |
| 21 | NNN REIT INC | NNN | 637417106 | $17.4M | 0.84% | 374,682 | SH |
| 22 | CLEARWAY ENERGY INC | CWEN | 18539C204 | $17.0M | 0.82% | 496,761 | SH |
| 23 | ISHARES TR | IEFA | 46432F842 | $16.8M | 0.81% | 173,657 | SH |
| 24 | ISHARES TR | USRT | 464288521 | $16.7M | 0.80% | 251,717 | SH |
| 25 | ALTRIA GROUP INC | MO | 02209S103 | $16.7M | 0.80% | 232,261 | SH |
| 26 | ISHARES TR | IAGG | 46435G672 | $16.6M | 0.80% | 327,808 | SH |
| 27 | MERCK & CO INC | MRK | 58933Y105 | $16.2M | 0.78% | 126,335 | SH |
| 28 | SPDR SERIES TRUST | BWX | 78464A516 | $16.1M | 0.78% | 744,825 | SH |
| 29 | ABBVIE INC | ABBV | 00287Y109 | $15.7M | 0.76% | 62,474 | SH |
| 30 | HERCULES CAPITAL INC | HTGC | 427096508 | $15.7M | 0.75% | 994,446 | SH |
| 31 | VANGUARD INDEX FDS | VO | 922908629 | $15.6M | 0.75% | 193,770 | SH |
| 32 | MPLX LP | MPLX | 55336V100 | $15.5M | 0.75% | 275,905 | SH |
| 33 | ARES CAPITAL CORP | ARCC | 04010L103 | $15.5M | 0.74% | 834,495 | SH |
| 34 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $15.4M | 0.74% | 362,586 | SH |
| 35 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $15.3M | 0.74% | 417,440 | SH |
| 36 | ENERGY TRANSFER L P | ET | 29273V100 | $15.1M | 0.72% | 787,677 | SH |
| 37 | GLOBAL X FDS | MLPA | 37954Y343 | $14.7M | 0.71% | 277,623 | SH |
| 38 | ALPS ETF TR | AMLP | 00162Q452 | $14.5M | 0.70% | 279,569 | SH |
| 39 | SIXTH STREET SPECIALTY LENDI | TSLX | 83012A109 | $14.3M | 0.69% | 835,446 | SH |
| 40 | VANGUARD INDEX FDS | VNQ | 922908553 | $14.2M | 0.68% | 147,707 | SH |
| 41 | BROADCOM INC | AVGO | 11135F101 | $14.2M | 0.68% | 37,622 | SH |
| 42 | WP CAREY INC | WPC | 92936U109 | $13.8M | 0.66% | 193,034 | SH |
| 43 | ISHARES TR | IJR | 464287804 | $13.8M | 0.66% | 92,933 | SH |
| 44 | ISHARES TR | IJH | 464287507 | $13.7M | 0.66% | 178,085 | SH |
| 45 | VANGUARD INDEX FDS | VB | 922908751 | $13.7M | 0.66% | 45,260 | SH |
| 46 | MSC INDL DIRECT INC | MSM | 553530106 | $13.7M | 0.66% | 115,260 | SH |
| 47 | HASBRO INC | HAS | 418056107 | $13.5M | 0.65% | 163,731 | SH |
| 48 | REALTY INCOME CORP | O | 756109104 | $13.5M | 0.65% | 217,484 | SH |
| 49 | VANGUARD INDEX FDS | VO | 922908629 | $13.0M | 0.63% | 161,858 | SH |
| 50 | GILEAD SCIENCES INC | GILD | 375558103 | $12.8M | 0.61% | 101,263 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-15 | $2.08B | 356 | 0001859918-26-000006 |
| 2026-03-31 | 2026-04-17 | $1.89B | 332 | 0001859918-26-000004 |
| 2025-12-31 | 2026-01-23 | $1.90B | 411 | 0001859918-26-000003 |
Filer Information
Address
17 COWBOYS WAYSTE 250
FRISCO, TX 75034
Phone
(713) 250-4200
Filing Manager
TECTONIC ADVISORS LLC
FRISCO, TX
Signatory
Jeremy Bolf
Chief Compliance Officer