Filed: 7/15/2025ACC: 0001085146-25-003868
📋 What this filing means
TENON FINANCIAL LLC filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $226.40M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
46
Positions
$226.40M
Total AUM (reported)
2.31M
Total Shares
Allocation by class
EXTEND MKT ETF$61.13M27.0%
VG TL INTL STK F$43.23M19.1%
S&P 500 ETF SHS$43.00M19.0%
TOTAL BND MRKT$22.70M10.0%
VAN FTSE DEV MKT$12.83M5.7%
COM$9.71M4.3%
TOTAL STK MKT$7.60M3.4%
Portfolio Concentration
Top 3$147.36M65.1%
4–10$54.87M24.2%
11–25$17.25M7.6%
Rest$6.92M3.1%
Top 3 weight
65.1%
Top 10 weight
89.3%
Voting Authority Distribution
Total shares with voting rights: 2.31M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.31M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole46
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings46
Rows:
VANGUARD INDEX FDS
SOLEShares334.52K
TypeSH
Market value$61.13M
27.00%
Sole
0.00
Shared
0.00
None
334.52K
VANGUARD STAR FDS
SOLEShares658.59K
TypeSH
Market value$43.23M
19.09%
Sole
0.00
Shared
0.00
None
658.59K
VANGUARD INDEX FDS
SOLEShares75.70K
TypeSH
Market value$43.00M
18.99%
Sole
0.00
Shared
0.00
None
75.70K
VANGUARD BD INDEX FDS
SOLEShares308.34K
TypeSH
Market value$22.70M
10.03%
Sole
0.00
Shared
0.00
None
308.34K
VANGUARD TAX-MANAGED FDS
SOLEShares225.08K
TypeSH
Market value$12.83M
5.67%
Sole
0.00
Shared
0.00
None
225.08K
VANGUARD INDEX FDS
SOLEShares25.01K
TypeSH
Market value$7.60M
3.36%
Sole
0.00
Shared
0.00
None
25.01K
INVESCO EXCH TRD SLF IDX FD
SOLEShares172.93K
TypeSH
Market value$3.38M
1.49%
Sole
0.00
Shared
0.00
None
172.93K
ISHARES TR
SOLEShares22.54K
TypeSH
Market value$3.04M
1.34%
Sole
0.00
Shared
0.00
None
22.54K
INVESCO EXCH TRD SLF IDX FD
SOLEShares137.73K
TypeSH
Market value$2.71M
1.20%
Sole
0.00
Shared
0.00
None
137.73K
INVESCO EXCH TRD SLF IDX FD
SOLEShares125.87K
TypeSH
Market value$2.60M
1.15%
Sole
0.00
Shared
0.00
None
125.87K
APPLE INC
SOLEShares11.67K
TypeSH
Market value$2.59M
1.15%
Sole
0.00
Shared
0.00
None
11.67K
VANGUARD INDEX FDS
SOLEShares5.03K
TypeSH
Market value$2.04M
0.90%
Sole
0.00
Shared
0.00
None
5.03K
ELI LILLY & CO
SOLEShares2.33K
TypeSH
Market value$1.92M
0.85%
Sole
0.00
Shared
0.00
None
2.33K
MICROSOFT CORP
SOLEShares3.74K
TypeSH
Market value$1.40M
0.62%
Sole
0.00
Shared
0.00
None
3.74K
TRANE TECHNOLOGIES PLC
SOLEShares3.86K
TypeSH
Market value$1.30M
0.57%
Sole
0.00
Shared
0.00
None
3.86K
VANGUARD MUN BD FDS
SOLEShares21.65K
TypeSH
Market value$1.06M
0.47%
Sole
0.00
Shared
0.00
None
21.65K
VANGUARD INTL EQUITY INDEX F
SOLEShares20.97K
TypeSH
Market value$993.2K
0.44%
Sole
0.00
Shared
0.00
None
20.97K
TYLER TECHNOLOGIES INC
SOLEShares1.65K
TypeSH
Market value$958.7K
0.42%
Sole
0.00
Shared
0.00
None
1.65K
AMAZON COM INC
SOLEShares4.25K
TypeSH
Market value$807.7K
0.36%
Sole
0.00
Shared
0.00
None
4.25K
ISHARES TR
SOLEShares1.25K
TypeSH
Market value$777.1K
0.34%
Sole
0.00
Shared
0.00
None
1.25K
AMERICAN CENTY ETF TR
SOLEShares8.15K
TypeSH
Market value$742.2K
0.33%
Sole
0.00
Shared
0.00
None
8.15K
ISHARES TR
SOLEShares12.80K
TypeSH
Market value$713.4K
0.32%
Sole
0.00
Shared
0.00
None
12.80K
VANGUARD SCOTTSDALE FDS
SOLEShares11.12K
TypeSH
Market value$665.1K
0.29%
Sole
0.00
Shared
0.00
None
11.12K
INVESCO EXCHANGE TRADED FD T
SOLEShares3.60K
TypeSH
Market value$654.0K
0.29%
Sole
0.00
Shared
0.00
None
3.60K
XPO INC
SOLEShares5.84K
TypeSH
Market value$628.7K
0.28%
Sole
0.00
Shared
0.00
None
5.84K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | EXTEND MKT ETF | 334.52K | SH | $61.13M 27.00% | 0.00 | 0.00 | 334.52K |
VANGUARD STAR FDSSOLE | VG TL INTL STK F | 658.59K | SH | $43.23M 19.09% | 0.00 | 0.00 | 658.59K |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 75.70K | SH | $43.00M 18.99% | 0.00 | 0.00 | 75.70K |
VANGUARD BD INDEX FDSSOLE | TOTAL BND MRKT | 308.34K | SH | $22.70M 10.03% | 0.00 | 0.00 | 308.34K |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 225.08K | SH | $12.83M 5.67% | 0.00 | 0.00 | 225.08K |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 25.01K | SH | $7.60M 3.36% | 0.00 | 0.00 | 25.01K |
INVESCO EXCH TRD SLF IDX FDSOLE | BULSHS 2026 CB | 172.93K | SH | $3.38M 1.49% | 0.00 | 0.00 | 172.93K |
ISHARES TRSOLE | CORE S&P TTL STK | 22.54K | SH | $3.04M 1.34% | 0.00 | 0.00 | 22.54K |
INVESCO EXCH TRD SLF IDX FDSOLE | BULSHS 2027 CB | 137.73K | SH | $2.71M 1.20% | 0.00 | 0.00 | 137.73K |
INVESCO EXCH TRD SLF IDX FDSOLE | BULSHS 2025 CB | 125.87K | SH | $2.60M 1.15% | 0.00 | 0.00 | 125.87K |
APPLE INCSOLE | COM | 11.67K | SH | $2.59M 1.15% | 0.00 | 0.00 | 11.67K |
VANGUARD INDEX FDSSOLE | GROWTH ETF | 5.03K | SH | $2.04M 0.90% | 0.00 | 0.00 | 5.03K |
ELI LILLY & COSOLE | COM | 2.33K | SH | $1.92M 0.85% | 0.00 | 0.00 | 2.33K |
MICROSOFT CORPSOLE | COM | 3.74K | SH | $1.40M 0.62% | 0.00 | 0.00 | 3.74K |
TRANE TECHNOLOGIES PLCSOLE | SHS | 3.86K | SH | $1.30M 0.57% | 0.00 | 0.00 | 3.86K |
VANGUARD MUN BD FDSSOLE | TAX EXEMPT BD | 21.65K | SH | $1.06M 0.47% | 0.00 | 0.00 | 21.65K |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 20.97K | SH | $993.2K 0.44% | 0.00 | 0.00 | 20.97K |
TYLER TECHNOLOGIES INCSOLE | COM | 1.65K | SH | $958.7K 0.42% | 0.00 | 0.00 | 1.65K |
AMAZON COM INCSOLE | COM | 4.25K | SH | $807.7K 0.36% | 0.00 | 0.00 | 4.25K |
ISHARES TRSOLE | CORE S&P500 ETF | 1.25K | SH | $777.1K 0.34% | 0.00 | 0.00 | 1.25K |
AMERICAN CENTY ETF TRSOLE | US SML CP VALU | 8.15K | SH | $742.2K 0.33% | 0.00 | 0.00 | 8.15K |
ISHARES TRSOLE | CALIF MUN BD ETF | 12.80K | SH | $713.4K 0.32% | 0.00 | 0.00 | 12.80K |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 11.12K | SH | $665.1K 0.29% | 0.00 | 0.00 | 11.12K |
INVESCO EXCHANGE TRADED FD TSOLE | S&P500 EQL WGT | 3.60K | SH | $654.0K 0.29% | 0.00 | 0.00 | 3.60K |
XPO INCSOLE | COM | 5.84K | SH | $628.7K 0.28% | 0.00 | 0.00 | 5.84K |
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