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Tidemark, LLC — 13F Holdings & Portfolio

CIK 2009591 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Tidemark, LLC manages $444.2M in 13F-reported U.S. long-equity assets across 935 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are FBND (5.10%), FLXR (5.06%), RDVY (4.75%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 89 new positions and exited 55; 489 existing positions rose in reported value and 179 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
$444.2M

Long-equity book

Holdings
935

Distinct positions

Period
2026-06-30

Filed 2026-08-10

Q/Q Activity
+89 / −55 / ↑489 / ↓179

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
FBND5.1% · +18%FLXR5.1% · +23%RDVY4.8% · -18%AUSF4.6% · +2%SPTI4.4% · +78%WTMF4.0% · +6%SPYM3.9% · +12%BUFR3.9% · -1%SPMB3.5% · +21%LALT3.4% · newSPYG2.6% · -4%BAI2.4% · -21%IDMO2.4% · +4%DDWM1.9% · -48%AIRR1.9% · +11%SPMO1.9% · +12%GLDM1.9% · -10%BINC1.8% · -13%LGOV1.7% · -42%PBTP1.6% · +72%THRO1.5% · -33%EMMF1.4% · -27%TDI1.4% · newRNEM1.3% · +8%AAPL1.2% · +4%SYSB1.2% · +301%SPHQ1.1% · -66%SPBO1.1% · +3%IAGG1.1% · +211441%TSLA0.8% · +5%QQQ0.7% · -14%AMZN0.7% · +4%SPY0.6% · 0%FLTR0.6% · +2%NVDA0.6% · +7%GTO0.6% · -6%CAT0.6% · -1%ICVT0.5% · +54%JPIB0.5% · -76%XLV0.4% · +6%RDVI0.4% · -19%BIL0.4% · +10%PPA0.4% · +1%WTPI0.3% · -14%SPTS0.3% · -26%VTI0.3% · +2%MSFT0.3% · +2%STIP0.3% · +4%GOOGL0.3% · +3%BRK.B0.3% · +1%FCVT0.3% · 0%VGT0.3% · +700%VOO0.3% · +11%CVX0.3% · 0%GLD0.2% · +5%IYF0.2% · +4%VSAT0.2% · -6%IVW0.2% · -0%IVE0.2% · -2%GOOG0.2% · +1%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 42.5%

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
$699.6M
Discretionary
$699.6M
Employees
16
Accounts
4
Address
855 OAK GROVE AVE
SUITE 101
MENLO PARK, CA 94025
Phone
(650) 260-4887
Website
Name Title / Status Ownership Type
TIDEMARK CAPITAL LLC ControlGENERAL PARTNER
since Feb 2021
Less than 5%Domestic Entity
YUAN, DAVID, LI ControlFOUNDER AND LIMITED PARTNER
since Feb 2021
75% or moreIndividual
XU, FRANK NMNCHIEF COMPLIANCE OFFICER AND SVP FINANCE
since Jul 2021
Less than 5%Individual
YUAN, DAVID, LI Control
Indirect owner via TIDEMARK CAPITAL LLC
MANAGING MEMBER
since Feb 2021
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since May 21, 2021

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 27, 2025 filing
  • ChangedXU, FRANK NMN · title CHIEF COMPLIANCE OFFICER AND VP FINANCE → CHIEF COMPLIANCE OFFICER AND SVP FINANCE
Mar 26, 2024 filing
  • No longer listedXU, FRANK · CHIEF COMPLIANCE OFFICER AND VP FINANCE · Less than 5% · listed since Jul 2021
  • AddedXU, FRANK NMN · CHIEF COMPLIANCE OFFICER AND VP FINANCE · Less than 5%
Jun 29, 2022 filing
  • AddedXU, FRANK · CHIEF COMPLIANCE OFFICER AND VP FINANCE · Less than 5%
May 21, 2021 filing (earliest on record)
  • ListedTIDEMARK CAPITAL LLC · GENERAL PARTNER · Less than 5% · control person
  • ListedYUAN, DAVID, LI · FOUNDER AND LIMITED PARTNER · 75% or more · control person
  • ListedYUAN, DAVID, LI · MANAGING MEMBER · 75% or more · indirect via TIDEMARK CAPITAL LLC · 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.

Tidemark, 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 FIDELITY TOTAL BOND ETF FBND 316188309 $22.6M 5.10% 497,628 SH
2 TCW FLEXIBLE INCOME ETF FLXR 29287L700 $22.5M 5.06% 573,540 SH
3 FIRST TRUST RISING DIVIDEND ACHIEVERS ETF RDVY 33738R506 $21.1M 4.75% 260,567 SH
4 GLOBAL X ADAPTIVE U.S. FACTOR ETF AUSF 37954Y574 $20.2M 4.55% 413,985 SH
5 STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF SPTI 78464A672 $19.5M 4.40% 688,159 SH
6 WISDOMTREE MANAGED FUTURES STRATEGY FUND WTMF 97717W125 $17.7M 3.98% 432,433 SH
7 STATE STREET SPDR PORTFOLIO S&P 500 ETF SPYM 78464A854 $17.3M 3.89% 196,696 SH
8 FT VEST LADDERED BUFFER ETF BUFR 33740F755 $17.2M 3.87% 470,162 SH
9 STATE STREET SPDR PORTFOLIO MORTGAGE BACKED BOND ETF SPMB 78464A383 $15.7M 3.53% 703,013 SH
10 FIRST TRUST MULTI-STRATEGY ALTERNATIVE ETF LALT 33740F490 $15.2M 3.41% 630,529 SH
11 STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF SPYG 78464A409 $11.4M 2.56% 95,613 SH
12 ISHARES A.I. INNOVATION AND TECH ACTIVE ETF BAI 09290C780 $10.7M 2.41% 202,869 SH
13 INVESCO S&P INTERNATIONAL DEVELOPED MOMENTUM ETF IDMO 46138E222 $10.5M 2.37% 174,610 SH
14 WISDOMTREE DYNAMIC INTERNATIONAL EQUITY FUND DDWM 97717X263 $8.6M 1.95% 187,217 SH
15 FIRST TRUST RBA AMERICAN INDUSTRIAL RENAISSANCE ETF AIRR 33738R704 $8.4M 1.90% 63,294 SH
16 INVESCO S&P 500 MOMENTUM ETF SPMO 46138E339 $8.4M 1.89% 52,096 SH
17 SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST GLDM 98149E303 $8.3M 1.87% 104,713 SH
18 ISHARES FLEXIBLE INCOME ACTIVE ETF BINC 092528603 $7.9M 1.77% 150,538 SH
19 FIRST TRUST LONG DURATION OPPORTUNITIES ETF LGOV 33738D606 $7.5M 1.69% 350,699 SH
20 INVESCO 0-5 YR US TIPS ETF PBTP 46138E495 $7.0M 1.57% 272,095 SH
21 ISHARES U.S. THEMATIC ROTATION ACTIVE ETF THRO 09290C806 $6.6M 1.48% 152,902 SH
22 WISDOMTREE EMERGING MARKETS MULTIFACTOR FUND EMMF 97717Y782 $6.4M 1.43% 164,478 SH
23 TOUCHSTONE DYNAMIC INTERNATIONAL ETF TDI 89157W608 $6.1M 1.38% 136,611 SH
24 FIRST TRUST EMERGING MARKETS EQUITY SELECT ETF RNEM 33738R779 $5.8M 1.31% 106,207 SH
25 APPLE INC COM AAPL 037833100 $5.2M 1.16% 17,803 SH
26 ISHARES SYSTEMATIC BOND ETF SYSB 46435U796 $5.1M 1.15% 57,672 SH
27 INVESCO S&P 500 QUALITY ETF SPHQ 46137V241 $4.7M 1.07% 52,630 SH
28 STATE STREET SPDR PORTFOLIO CORPORATE BOND ETF SPBO 78464A144 $4.7M 1.06% 162,442 SH
29 ISHARES CORE INTERNATIONAL AGGREGATE BOND ETF IAGG 46435G672 $4.7M 1.06% 93,078 SH
30 TESLA INC COM TSLA 88160R101 $3.4M 0.76% 8,014 SH
31 INVESCO QQQ TRUST SERIES I QQQ 46090E103 $3.3M 0.75% 4,516 SH
32 AMAZON COM INC COM AMZN 023135106 $3.2M 0.72% 13,389 SH
33 STATE STREET SPDR S&P 500 ETF SPY 78462F103 $2.9M 0.65% 3,849 SH
34 VANECK IG FLOATING RATE ETF FLTR 92189F486 $2.7M 0.61% 106,004 SH
35 NVIDIA CORPORATION COM NVDA 67066G104 $2.7M 0.60% 13,335 SH
36 INVESCO TOTAL RETURN BOND ETF GTO 46090A804 $2.6M 0.58% 55,320 SH
37 CATERPILLAR INC COM CAT 149123101 $2.6M 0.58% 2,427 SH
38 ISHARES CONVERTIBLE BOND ETF ICVT 46435G102 $2.3M 0.53% 19,263 SH
39 JPMORGAN INTERNATIONAL BOND OPPORTUNITIES FUND JPIB 46641Q852 $2.1M 0.47% 43,373 SH
40 STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF XLV 81369Y209 $1.8M 0.40% 11,307 SH
41 FT VEST RISING DIVIDEND ACHIEVERS TARGET INCOME ETF RDVI 33738D879 $1.7M 0.39% 58,616 SH
42 STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF BIL 78468R663 $1.6M 0.37% 17,971 SH
43 INVESCO AEROSPACE & DEFENSE ETF PPA 46137V100 $1.6M 0.35% 8,840 SH
44 WISDOMTREE EQUITY PREMIUM INCOME FUND WTPI 97717X560 $1.5M 0.35% 46,978 SH
45 STATE STREET SPDR PORTFOLIO SHORT TERM TREASURY ETF SPTS 78468R101 $1.5M 0.34% 52,351 SH
46 VANGUARD TOTAL STOCK MARKET ETF VTI 922908769 $1.5M 0.34% 4,090 SH
47 MICROSOFT CORP COM MSFT 594918104 $1.4M 0.32% 3,819 SH
48 ISHARES 0-5 YEAR TIPS BOND ETF STIP 46429B747 $1.3M 0.30% 12,953 SH
49 ALPHABET INC CAP STK CL A GOOGL 02079K305 $1.3M 0.29% 3,642 SH
50 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $1.2M 0.28% 2,446 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $444.2M 935 0002009591-26-000006
2026-03-31 2026-05-07 $393.5M 901 0002009591-26-000004
2025-12-31 2026-02-10 $351.9M 658 0002009591-26-000002
Filer Information
Address
5405 MOREHOUSE DR.
SUITE 345
SAN DIEGO, CA 92121
Phone
(888) 791-0197
Filing Manager
Tidemark, LLC
SAN DIEGO, CA
Signatory
Joshua Stipcich
COO