TF
Tenon Financial LLC 13F Filings & Institutional Holdings (Q2 2026)
Tenon Financial LLCCIK: 0002020781
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$310.9M
Reporting period: 2026-06-30 · Number of holdings: 61
Tenon Financial LLC disclosed 61 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $310.9M and a quarterly turnover rate of 20.9%.
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Personality snowflake
- Concentration
- 61.58
- Portfolio Stability
- 20.88
- Momentum
- 100
- Sector conviction
- 78.5
- Diversification
- 100
- Sizing Uniformity
- 70.79
Tenon Financial LLC's disclosed holdings carry a Herfindahl concentration index of 0.154 — mathematically equivalent to about 6 equally-sized positions, well below its 61 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.92), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 6% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd VXF
+8.9% $15.6M
Trim BND
+13.1% $4.5M
Add VOO
+8.5% $14.7M
Trim VEA
+0.4% $1.5M
New buy BRK-B
Trim BSCQ
+2.7% $103.5K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 23.84% | +0.50% | +8.55% | |
| 2 | VXF | Vanguard Extended Market ETF | ETF-Other | 21.67% | +1.36% | +8.89% | |
| 3 | VXUS | Vanguard Total Intl Stock | ETF-Other | 17.15% | — | +10.17% | |
| 4 | BND | Vanguard Total Bond Market | ETF-Other | 12.84% | -1.07% | +13.08% | |
| 5 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 4.73% | -0.44% | +0.44% | |
| 6 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 3.15% | -0.22% | -0.98% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 1.30% | -0.20% | -7.01% | |
| 8 | BSCQ | Invesco Bulletshares 2026 Cb | ETF-Other | 1.26% | -0.24% | +2.75% | |
| 9 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 1.20% | -0.06% | +0.64% | |
| 10 | BSCR | Invesco Bulletshares 2027 Cb | ETF-Other | 1.14% | -0.24% | +1.42% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.90% | +0.06% | -0.04% | |
| 12 | BSCS | Invesco Bulletshares 2028 Cb | ETF-Other | 0.64% | -0.14% | +0.84% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.61% | -0.06% | -3.23% | |
| 14 | VUG | Vanguard Growth ETF | ETF-Other | 0.57% | +0.19% | +815.19% | |
| 15 | TT | Trane Technologies plc | Stock-Industrials | 0.47% | -0.08% | -12.16% | |
| 16 | MSFT | Microsoft CORP | Stock-Tech | 0.46% | -0.14% | -6.48% | |
| 17 | NVDA | Nvidia CORP | Stock-Tech | 0.46% | +0.05% | +19.39% | |
| 18 | VGIT | Vanguard Intermediate-term T | ETF-Other | 0.43% | -0.10% | — | |
| 19 | XPO | Xpo Inc | Stock-Industrials | 0.39% | -0.06% | — | |
| 20 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.38% | -0.05% | +6.07% | |
| 21 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.35% | +0.08% | +42.72% | |
| 22 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.35% | +0.01% | +9.96% | |
| 23 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.34% | -0.02% | +4.35% | |
| 24 | VTV | Vanguard Value ETF | ETF-Other | 0.34% | +0.09% | +46.32% | |
| 25 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.32% | +0.17% | +149.16% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.28% | +0.28% | NEW | |
| 27 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.27% | +0.01% | +0.62% | |
| 28 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.24% | +0.06% | +55.18% | |
| 29 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.22% | -0.02% | +4.02% | |
| 30 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 0.22% | +0.22% | NEW | |
| 31 | AMAT | Applied Materials Inc | Stock-Tech | 0.21% | +0.09% | — | |
| 32 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.18% | +0.01% | +6.24% | |
| 33 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.18% | +0.05% | +41.27% | |
| 34 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.17% | +0.01% | +9.11% | |
| 35 | XOM | Exxon Mobil CORP | Stock-Energy | 0.15% | -0.08% | -0.48% | |
| 36 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.15% | -0.02% | — | |
| 37 | BN | Brookfield CORP | Stock-Financials | 0.15% | -0.02% | — | |
| 38 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.15% | -0.03% | -0.74% | |
| 39 | TYL | Tyler Technologies Inc | Stock-Tech | 0.14% | -0.06% | — | |
| 40 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.14% | -0.01% | — | |
| 41 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.13% | -0.01% | — | |
| 42 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.12% | +0.02% | +23.56% | |
| 43 | XLK | Ss Technology Select Sector | ETF-Tech | 0.12% | +0.02% | +0.05% | |
| 44 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.11% | -0.06% | — | |
| 45 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.10% | — | -1.10% | |
| 46 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.10% | +0.01% | +0.17% | |
| 47 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.10% | +0.01% | +14.84% | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.09% | +0.09% | NEW | |
| 49 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 0.09% | -0.01% | +4.81% | |
| 50 | QXO | Qxo Inc | Stock-Industrials | 0.09% | -0.03% | — |
1–50 of 61
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+18%
- Stdev
- +9.9%
- Beta
- +0.78
- Alpha
- +1.1%
- Max Drawdown
- -5.6%
- Annualized Perf
- +16.4%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +3.05
- Stutzer
- +0.46
- Treynor
- +0.2
- Sterling
- +1.07
- Calmar
- +2.91
- Information Ratio
- -0.71
- Tracking Error
- +4.2%
- Stdev Down
- +5.2%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +25.9%
- Worst 12 Months
- +10.4%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.6
- Stdev Sectors
- +13%
- Skewness
- -0.3
- Kurtosis
- +0.29
- Upside Potential
- +4.48
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Tenon Financial LLC's most significant position changes for 2026-06-30: New buy: Berkshire Hathaway Inc-cl B (BRK-B); New buy: Schwab Fndmntl US Lrg Co ETF (FNDX); Sold out: Vanguard Total Intl Bond ETF (BNDX); New buy: Johnson & Johnson (JNJ); New buy: Ishares Core S&p Midcap ETF (IJH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VXF | Vanguard Extended Market ETF | +1.4% | +8.89% | Add |
| 2 | VOO | Vanguard S&p 500 ETF | +0.5% | +8.55% | Add |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | NEW | New buy |
| 4 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.2% | NEW | New buy |
| 5 | VUG | Vanguard Growth ETF | +0.2% | +815.19% | Add |
| 6 | VYM | Vanguard High Dvd Yield ETF | +0.2% | +149.16% | Add |
| 7 | VTV | Vanguard Value ETF | +0.1% | +46.32% | Add |
| 8 | AMAT | Applied Materials Inc | +0.1% | — | Unchanged |
| 9 | JNJ | Johnson & Johnson | +0.1% | NEW | New buy |
| 10 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +42.72% | Add |
| 11 | IJH | Ishares Core S&p Midcap ETF | +0.1% | NEW | New buy |
| 12 | VGT | Vanguard Info Tech ETF | +0.1% | NEW | New buy |
| 13 | ✓ | +0.1% | NEW | New buy | |
| 14 | AVGO | Broadcom Inc | +0.1% | NEW | New buy |
| 15 | PANW | Palo Alto Networks Inc | +0.1% | NEW | New buy |
| 16 | JPM | Jpmorgan Chase & Co | +0.1% | NEW | New buy |
| 17 | MRK | Merck & Co. Inc. | +0.1% | NEW | New buy |
| 18 | LLY | Eli Lilly & Co | +0.1% | -0.04% | Trim |
| 19 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +55.18% | Add |
| 20 | NVDA | Nvidia CORP | +0.1% | +19.39% | Add |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +41.27% | Add |
| 22 | IJR | Ishares Core S&p Small-cap E | 0% | +23.56% | Add |
| 23 | XLK | Ss Technology Select Sector | 0% | +0.05% | Add |
| 24 | IVV | Ishares Core S&p 500 ETF | 0% | +9.96% | Add |
| 25 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.62% | Add |
| 26 | GOOGL | Alphabet Inc-cl A | 0% | +6.24% | Add |
| 27 | IWM | Ishares Russell 2000 ETF | 0% | +9.11% | Add |
| 28 | EMXC | Ishares Msci Emr Mrk Ex Chna | 0% | +0.17% | Add |
| 29 | VBR | Vanguard Small-cap Value ETF | 0% | +14.84% | Add |
| 30 | VXUS | Vanguard Total Intl Stock | — | +10.17% | Add |
| 31 | GOOG | Alphabet Inc-cl C | — | -1.10% | Trim |
| 32 | DFAC | Dimensional US Core Equity 2 | 0% | — | Unchanged |
| 33 | IWB | Ishares Russell 1000 ETF | 0% | — | Unchanged |
| 34 | FNDF | Schwab Fndmn Intl Lrg Co ETF | 0% | +4.81% | Add |
| 35 | VO | Vanguard Mid-cap ETF | 0% | +297.16% | Add |
| 36 | AVUV | Avantis US Small Cap Value | 0% | +4.35% | Add |
| 37 | VWO | Vanguard Ftse Emerging Marke | 0% | +4.02% | Add |
| 38 | IXUS | Ishares Core Intl Stock ETF | 0% | — | Unchanged |
| 39 | BN | Brookfield CORP | 0% | — | Unchanged |
| 40 | IEFA | Ishares Core Msci Eafe ETF | 0% | -13.10% | Trim |
| 41 | BSV | Vanguard Short-term Bond ETF | 0% | +1.20% | Add |
| 42 | RKLB | Rocket Lab CORP | 0% | -50.41% | Trim |
| 43 | QXO | Qxo Inc | 0% | — | Unchanged |
| 44 | META | Meta Platforms Inc-class A | 0% | -0.74% | Trim |
| 45 | VTEB | Vanguard Tax-exempt Bond ETF | -0.1% | +6.07% | Add |
| 46 | ITOT | Ishares Core S&p Total U.s. | -0.1% | +0.64% | Add |
| 47 | AMZN | Amazon.com Inc | -0.1% | -3.23% | Trim |
| 48 | TYL | Tyler Technologies Inc | -0.1% | — | Unchanged |
| 49 | HCA | Hca Healthcare Inc | -0.1% | — | Unchanged |
| 50 | XPO | Xpo Inc | -0.1% | — | Unchanged |
1–50 of 64
Filing History
FAQ
What is Tenon Financial LLC and what type of investor is it?
Tenon Financial LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $310.9M, spread across 61 disclosed positions.
What are Tenon Financial LLC's largest equity positions?
Based on the latest 13F filing, Tenon Financial LLC's top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $74.1M (23.8%)
2. Vanguard Extended Market ETF (VXF) — $67.3M (21.7%)
3. Vanguard Total Intl Stock (VXUS) — $53.3M (17.1%)
4. Vanguard Total Bond Market (BND) — $39.9M (12.8%)
5. Vanguard Ftse Developed ETF (VEA) — $14.7M (4.7%)
What changes did Tenon Financial LLC make in its most recent portfolio filing?
In the latest reported quarter, Tenon Financial LLC made 54 notable position adjustments: 10 new positions were initiated, 30 existing holdings were added to, 11 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Berkshire Hathaway Inc-cl B (BRK-B); New buy: Schwab Fndmntl US Lrg Co ETF (FNDX); Sold out: Vanguard Total Intl Bond ETF (BNDX); New buy: Johnson & Johnson (JNJ); New buy: Ishares Core S&p Midcap ETF (IJH)
What sectors does Tenon Financial LLC focus on?
Tenon Financial LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 43.1%
• Health Care: 18.5%
• Industrials: 15.9%
• Consumer Discretionary: 9.7%
• Communication Services: 6.8%
• Financials: 3.4%
Investment Profile
Tenon Financial LLC returned an annualized 16.4% over the trailing 27 months — outperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.78 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 43.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 21 over the past 4 quarters — a shift toward more active trading.
It has added to its VXF position over the past two quarters (+$19.5M, now $67.3M), while trimming MSFT over the same stretch (-$375.6K, still holding $1.4M).
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Developer Access
Access Tenon Financial LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/tenon-financial-llcCLI
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