TF
Tull Financial Group, Inc. 13F Filing (Q2 2026) — Top Positions & Stock Picks
Tull Financial Group, Inc.CIK: 0001769060
Long-term holderSector-focusedQuality / disciplined sizing
Total reported value
$255.5M
Reporting period: 2026-06-30 · Number of holdings: 35
Tull Financial Group, Inc. disclosed 35 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $255.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 54.9
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 83.38
- Diversification
- 70
- Sizing Uniformity
- 80.21
Tull Financial Group, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.137 — mathematically equivalent to about 7 equally-sized positions, well below its 35 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 1.98), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 3% 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.govNew buy AVEM
Trim VWO
-97.5% -$7.0M
Trim VCRB
+4.4% $1.6M
Add SPYM
+2.5% $9.3M
Add DYNF
+4.3% $4.9M
Trim IEFA
+3.1% $2.9M
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 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 24.31% | +0.74% | +2.50% | |
| 2 | VCRB | Vanguard Core Bond ETF | ETF-Other | 15.21% | -1.44% | +4.38% | |
| 3 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 12.47% | -0.46% | +3.14% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 11.24% | -0.03% | -0.96% | |
| 5 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 10.66% | +0.68% | +4.28% | |
| 6 | JQUA | Jpmorgan US Quality Factor | ETF-Other | 9.49% | +0.28% | -0.30% | |
| 7 | VYMI | Vanguard Int High Dvd Yld In | ETF-Other | 7.12% | -0.41% | +3.51% | |
| 8 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 3.51% | +3.51% | NEW | |
| 9 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.57% | -0.09% | -3.18% | |
| 10 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.50% | -0.02% | +276.02% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 0.48% | +0.01% | +1.88% | |
| 12 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.45% | +0.02% | +4.00% | |
| 13 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.42% | -0.02% | +0.03% | |
| 14 | AAPL | Apple Inc | Stock-Tech | 0.42% | +0.04% | +9.88% | |
| 15 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.27% | +0.02% | +4.69% | |
| 16 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.27% | — | +1.31% | |
| 17 | IXN | Ishares Global Tech ETF | ETF-Tech | 0.26% | +0.05% | — | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 0.24% | -0.03% | -2.95% | |
| 19 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.19% | — | +1.64% | |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.19% | -0.02% | -1.62% | |
| 21 | VBIL | Vanguard 0-3m T-bill ETF | ETF-Other | 0.18% | +0.18% | NEW | |
| 22 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.17% | — | +2.29% | |
| 23 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.15% | +0.02% | +2.45% | |
| 24 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.14% | — | +3.38% | |
| 25 | XLK | Ss Technology Select Sector | ETF-Tech | 0.14% | +0.03% | +0.11% | |
| 26 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.13% | -0.02% | +1.01% | |
| 27 | VOOV | Vanguard S&p 500 Value ETF | ETF-Large Cap & Growth | 0.12% | — | +1.57% | |
| 28 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.12% | — | — | |
| 29 | TOWN | Towne Bank | Stock-Other | 0.10% | — | +5.19% | |
| 30 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.09% | -0.02% | -7.17% | |
| 31 | DLTR | Dollar Tree Inc | Stock-Consumer Staples | 0.09% | — | — | |
| 32 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.08% | +0.08% | NEW | |
| 33 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.08% | +0.08% | NEW | |
| 34 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.08% | -0.02% | -3.76% | |
| 35 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.08% | -3.15% | -97.48% |
Portfolio Performance
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+18.6%
- Stdev
- +9.7%
- Beta
- +0.72
- Alpha
- +3.8%
- Max Drawdown
- -4.9%
- Annualized Perf
- +15.8%
- Batting Avg vs S&P
- +61.9%
- Sortino
- +3.09
- Stutzer
- +0.46
- Treynor
- +0.21
- Sterling
- +1.06
- Calmar
- +3.21
- Information Ratio
- -0.14
- Tracking Error
- +4.4%
- Stdev Down
- +4.9%
- Winning Months %
- +76.2%
- Losing Months %
- +23.8%
- Best 12 Months
- +25%
- Worst 12 Months
- +14%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.58
- Stdev Sectors
- +13.6%
- Skewness
- -0.2
- Kurtosis
- +0.29
- Upside Potential
- +4.41
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Tull Financial Group, Inc.'s most significant position changes for 2026-06-30: New buy: Avantis Emerging Markets Eq (AVEM); New buy: Vanguard 0-3m T-bill ETF (VBIL); New buy: Ishares Russell 1000 Value E (IWD); New buy: Jpmorgan Chase & Co (JPM); Trim: Vanguard Ftse Emerging Marke (VWO) — shares -97.48%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AVEM | Avantis Emerging Markets Eq | +3.5% | NEW | New buy |
| 2 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.7% | +2.50% | Add |
| 3 | DYNF | Ishrs US E F R A Etf-usd Inc | +0.7% | +4.28% | Add |
| 4 | JQUA | Jpmorgan US Quality Factor | +0.3% | -0.30% | Trim |
| 5 | VBIL | Vanguard 0-3m T-bill ETF | +0.2% | NEW | New buy |
| 6 | IWD | Ishares Russell 1000 Value E | +0.1% | NEW | New buy |
| 7 | JPM | Jpmorgan Chase & Co | +0.1% | NEW | New buy |
| 8 | IXN | Ishares Global Tech ETF | +0.1% | — | Unchanged |
| 9 | AAPL | Apple Inc | 0% | +9.88% | Add |
| 10 | XLK | Ss Technology Select Sector | 0% | +0.11% | Add |
| 11 | VOO | Vanguard S&p 500 ETF | 0% | +4.00% | Add |
| 12 | AMZN | Amazon.com Inc | 0% | +4.69% | Add |
| 13 | GOOGL | Alphabet Inc-cl A | 0% | +2.45% | Add |
| 14 | NVDA | Nvidia CORP | 0% | +1.88% | Add |
| 15 | TSLA | Tesla Inc | — | +1.31% | Add |
| 16 | SCHG | Schwab US Large-cap Growth | — | +1.64% | Add |
| 17 | VTI | Vanguard Total Stock Mkt ETF | — | +3.38% | Add |
| 18 | VEA | Vanguard Ftse Developed ETF | — | +2.29% | Add |
| 19 | DIA | Ss Spdr Dow Jones Indus Avg | — | — | Unchanged |
| 20 | TOWN | Towne Bank | — | +5.19% | Add |
| 21 | VOOV | Vanguard S&p 500 Value ETF | — | +1.57% | Add |
| 22 | DLTR | Dollar Tree Inc | — | — | Unchanged |
| 23 | IWF | Ishares Russell 1000 Growth | 0% | +276.02% | Add |
| 24 | NSC | Norfolk Southern CORP | 0% | +0.03% | Add |
| 25 | PG | Procter & Gamble Co/the | 0% | -7.17% | Trim |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.62% | Trim |
| 27 | META | Meta Platforms Inc-class A | 0% | -3.76% | Trim |
| 28 | IEF | Ishares 7-10 Year Treasury B | 0% | +1.01% | Add |
| 29 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -0.96% | Trim |
| 30 | MSFT | Microsoft CORP | 0% | -2.95% | Trim |
| 31 | SCHD | Schwab US Dvd Equity ETF | -0.1% | -3.18% | Trim |
| 32 | VYMI | Vanguard Int High Dvd Yld In | -0.4% | +3.51% | Add |
| 33 | IEFA | Ishares Core Msci Eafe ETF | -0.5% | +3.14% | Add |
| 34 | VCRB | Vanguard Core Bond ETF | -1.4% | +4.38% | Add |
| 35 | VWO | Vanguard Ftse Emerging Marke | -3.2% | -97.48% | Trim |
Filing History
FAQ
What is Tull Financial Group, Inc. and what type of investor is it?
Tull Financial Group, Inc. 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 $255.5M, spread across 35 disclosed positions.
What are Tull Financial Group, Inc.'s largest equity positions?
Based on the latest 13F filing, Tull Financial Group, Inc.'s top holdings by market value are:
1. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $62.1M (24.3%)
2. Vanguard Core Bond ETF (VCRB) — $38.9M (15.2%)
3. Ishares Core Msci Eafe ETF (IEFA) — $31.9M (12.5%)
4. Ss Spdr S&p 500 ETF Trust-us (SPY) — $28.7M (11.2%)
5. Ishrs US E F R A Etf-usd Inc (DYNF) — $27.2M (10.7%)
What changes did Tull Financial Group, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Tull Financial Group, Inc. made 32 notable position adjustments: 4 new positions were initiated, 20 existing holdings were added to, 8 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Avantis Emerging Markets Eq (AVEM); New buy: Vanguard 0-3m T-bill ETF (VBIL); New buy: Ishares Russell 1000 Value E (IWD); New buy: Jpmorgan Chase & Co (JPM); Trim: Vanguard Ftse Emerging Marke (VWO) — shares -97.48%
What sectors does Tull Financial Group, Inc. focus on?
Tull Financial Group, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 44.0%
• Consumer Discretionary: 21.0%
• Industrials: 16.4%
• Communication Services: 8.7%
• Consumer Staples: 6.8%
• Financials: 3.1%
Investment Profile
Tull Financial Group, Inc. returned an annualized 15.8% over the trailing 21 months — outperforming the S&P 500 by 3.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.72 (less volatile than the market) and a 62% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 44.0% of the portfolio concentrated in Information Technology.
It has added to its DYNF position over the past two quarters (+$13.8M, now $27.2M), while trimming MSFT over the same stretch (-$236.4K, still holding $600.5K).
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