Filed: 4/21/2026ACC: 0002020781-26-000004
📋 What this filing means
TENON FINANCIAL LLC filed this quarterly 13F‑HR report disclosing 54 equity positions with a total reported market value of $254.56M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
54
Positions
$254.56M
Total AUM (reported)
2.35M
Total Shares
Allocation by class
S&P 500 ETF SHS$59.40M23.3%
EXTEND MKT ETF$51.70M20.3%
VG TL INTL STK F$43.65M17.1%
TOTAL BND MRKT$35.41M13.9%
COM$13.73M5.4%
VAN FTSE DEV MKT$13.18M5.2%
TOTAL STK MKT$8.58M3.4%
Portfolio Concentration
Top 3$154.75M60.8%
4–10$71.52M28.1%
11–25$18.13M7.1%
Rest$10.15M4.0%
Top 3 weight
60.8%
Top 10 weight
88.9%
Voting Authority Distribution
Total shares with voting rights: 2.35M
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
2.35M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole54
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings54
Rows:
VANGUARD INDEX FDS
SOLEShares99.41K
TypeSH
Market value$59.40M
23.34%
Sole
0.00
Shared
0.00
None
99.41K
VANGUARD INDEX FDS
SOLEShares251.21K
TypeSH
Market value$51.70M
20.31%
Sole
0.00
Shared
0.00
None
251.21K
VANGUARD STAR FDS
SOLEShares566.09K
TypeSH
Market value$43.65M
17.15%
Sole
0.00
Shared
0.00
None
566.09K
VANGUARD BD INDEX FDS
SOLEShares480.85K
TypeSH
Market value$35.41M
13.91%
Sole
0.00
Shared
0.00
None
480.85K
VANGUARD TAX-MANAGED FDS
SOLEShares205.68K
TypeSH
Market value$13.18M
5.18%
Sole
0.00
Shared
0.00
None
205.68K
VANGUARD INDEX FDS
SOLEShares26.75K
TypeSH
Market value$8.58M
3.37%
Sole
0.00
Shared
0.00
None
26.75K
APPLE INC
SOLEShares15.06K
TypeSH
Market value$3.82M
1.50%
Sole
0.00
Shared
0.00
None
15.06K
INVESCO EXCH TRD SLF IDX FD
SOLEShares194.91K
TypeSH
Market value$3.81M
1.50%
Sole
0.00
Shared
0.00
None
194.91K
INVESCO EXCH TRD SLF IDX FD
SOLEShares178.88K
TypeSH
Market value$3.51M
1.38%
Sole
0.00
Shared
0.00
None
178.88K
ISHARES TR
SOLEShares22.54K
TypeSH
Market value$3.21M
1.26%
Sole
0.00
Shared
0.00
None
22.54K
ELI LILLY & CO
SOLEShares2.33K
TypeSH
Market value$2.14M
0.84%
Sole
0.00
Shared
0.00
None
2.33K
INVESCO EXCH TRD SLF IDX FD
SOLEShares97.20K
TypeSH
Market value$1.99M
0.78%
Sole
0.00
Shared
0.00
None
97.20K
AMAZON COM INC
SOLEShares8.24K
TypeSH
Market value$1.72M
0.67%
Sole
0.00
Shared
0.00
None
8.24K
MICROSOFT CORP
SOLEShares4.14K
TypeSH
Market value$1.53M
0.60%
Sole
0.00
Shared
0.00
None
4.14K
TRANE TECHNOLOGIES PLC
SOLEShares3.35K
TypeSH
Market value$1.40M
0.55%
Sole
0.00
Shared
0.00
None
3.35K
VANGUARD SCOTTSDALE FDS
SOLEShares22.66K
TypeSH
Market value$1.35M
0.53%
Sole
0.00
Shared
0.00
None
22.66K
XPO INC
SOLEShares5.84K
TypeSH
Market value$1.14M
0.45%
Sole
0.00
Shared
0.00
None
5.84K
VANGUARD MUN BD FDS
SOLEShares21.76K
TypeSH
Market value$1.09M
0.43%
Sole
0.00
Shared
0.00
None
21.76K
NVIDIA CORPORATION
SOLEShares6.01K
TypeSH
Market value$1.05M
0.41%
Sole
0.00
Shared
0.00
None
6.01K
VANGUARD INDEX FDS
SOLEShares2.23K
TypeSH
Market value$974.9K
0.38%
Sole
0.00
Shared
0.00
None
2.23K
AMERICAN CENTY ETF TR
SOLEShares8.22K
TypeSH
Market value$908.2K
0.36%
Sole
0.00
Shared
0.00
None
8.22K
ISHARES TR
SOLEShares1.32K
TypeSH
Market value$865.6K
0.34%
Sole
0.00
Shared
0.00
None
1.32K
INVESCO EXCHANGE TRADED FD T
SOLEShares3.60K
TypeSH
Market value$690.6K
0.27%
Sole
0.00
Shared
0.00
None
3.60K
INVESCO QQQ TR
SOLEShares1.13K
TypeSH
Market value$651.4K
0.26%
Sole
0.00
Shared
0.00
None
1.13K
VANGUARD INDEX FDS
SOLEShares3.28K
TypeSH
Market value$642.9K
0.25%
Sole
0.00
Shared
0.00
None
3.28K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 99.41K | SH | $59.40M 23.34% | 0.00 | 0.00 | 99.41K |
VANGUARD INDEX FDSSOLE | EXTEND MKT ETF | 251.21K | SH | $51.70M 20.31% | 0.00 | 0.00 | 251.21K |
VANGUARD STAR FDSSOLE | VG TL INTL STK F | 566.09K | SH | $43.65M 17.15% | 0.00 | 0.00 | 566.09K |
VANGUARD BD INDEX FDSSOLE | TOTAL BND MRKT | 480.85K | SH | $35.41M 13.91% | 0.00 | 0.00 | 480.85K |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 205.68K | SH | $13.18M 5.18% | 0.00 | 0.00 | 205.68K |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 26.75K | SH | $8.58M 3.37% | 0.00 | 0.00 | 26.75K |
APPLE INCSOLE | COM | 15.06K | SH | $3.82M 1.50% | 0.00 | 0.00 | 15.06K |
INVESCO EXCH TRD SLF IDX FDSOLE | BULSHS 2026 CB | 194.91K | SH | $3.81M 1.50% | 0.00 | 0.00 | 194.91K |
INVESCO EXCH TRD SLF IDX FDSOLE | BULSHS 2027 CB | 178.88K | SH | $3.51M 1.38% | 0.00 | 0.00 | 178.88K |
ISHARES TRSOLE | CORE S&P TTL STK | 22.54K | SH | $3.21M 1.26% | 0.00 | 0.00 | 22.54K |
ELI LILLY & COSOLE | COM | 2.33K | SH | $2.14M 0.84% | 0.00 | 0.00 | 2.33K |
INVESCO EXCH TRD SLF IDX FDSOLE | INVSCO BLSH 28 | 97.20K | SH | $1.99M 0.78% | 0.00 | 0.00 | 97.20K |
AMAZON COM INCSOLE | COM | 8.24K | SH | $1.72M 0.67% | 0.00 | 0.00 | 8.24K |
MICROSOFT CORPSOLE | COM | 4.14K | SH | $1.53M 0.60% | 0.00 | 0.00 | 4.14K |
TRANE TECHNOLOGIES PLCSOLE | SHS | 3.35K | SH | $1.40M 0.55% | 0.00 | 0.00 | 3.35K |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 22.66K | SH | $1.35M 0.53% | 0.00 | 0.00 | 22.66K |
XPO INCSOLE | COM | 5.84K | SH | $1.14M 0.45% | 0.00 | 0.00 | 5.84K |
VANGUARD MUN BD FDSSOLE | TAX EXEMPT BD | 21.76K | SH | $1.09M 0.43% | 0.00 | 0.00 | 21.76K |
NVIDIA CORPORATIONSOLE | COM | 6.01K | SH | $1.05M 0.41% | 0.00 | 0.00 | 6.01K |
VANGUARD INDEX FDSSOLE | GROWTH ETF | 2.23K | SH | $974.9K 0.38% | 0.00 | 0.00 | 2.23K |
AMERICAN CENTY ETF TRSOLE | US SML CP VALU | 8.22K | SH | $908.2K 0.36% | 0.00 | 0.00 | 8.22K |
ISHARES TRSOLE | CORE S&P500 ETF | 1.32K | SH | $865.6K 0.34% | 0.00 | 0.00 | 1.32K |
INVESCO EXCHANGE TRADED FD TSOLE | S&P500 EQL WGT | 3.60K | SH | $690.6K 0.27% | 0.00 | 0.00 | 3.60K |
INVESCO QQQ TRSOLE | UNIT SER 1 | 1.13K | SH | $651.4K 0.26% | 0.00 | 0.00 | 1.13K |
VANGUARD INDEX FDSSOLE | VALUE ETF | 3.28K | SH | $642.9K 0.25% | 0.00 | 0.00 | 3.28K |
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