TFC Financial Management

Private Equity

TFC Financial Management is a Private Equity based in Little Rock, AR led by Andrew David Lindner, reporting $1.9B in AUM as of Q3 2025 with 84% ETF concentration, 78% concentrated in top 10 holdings, and 29% allocation to IVV.

Managing PartnerAndrew David Lindner

Portfolio Value: $780.4M
Positions: 994
Top Holding: IVV at 28.7%
Last Reported: Q3 2025

Address10809 Executive Center Drive, Suite 204, Little Rock, AR, 72211, United States

Top Holdings

Largest long holdings in TFC Financial Management's portfolio (78.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$224.0M	28.70%	-$27.4K Sold	— 334.7K shares	Q3 2020 Held for 5y 2m
2 iShares Core MSCI International Developed Markets IDEV	ETF ETF	$111.9M	14.34%	-$72.3K Sold	— 1.4M shares	Q4 2022 Held for 2y 11m
3 iShares 1-3 Year Treasury Bond SHY	ETF ETF	$74.5M	9.54%	+$1.3M Bought	— 897.7K shares	Q2 2023 Held for 2y 5m
4 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$51.0M	6.53%	+$168.9K Bought	— 773.3K shares	Q3 2020 Held for 5y 2m
5 JPMorgan U.S. Quality Factor JQUA	ETF ETF	$45.3M	5.80%	+$982.9K Bought	— 719.7K shares	Q3 2023 Held for 2y 2m
6 DFUV Dimensional US Marketwide Value DFUV	ETF ETF	$41.6M	5.33%	-$428.6K Sold	— 931.4K shares	Q2 2022 Held for 3y 5m
7 Dimensional U.S. Targeted Value DFAT	ETF ETF	$25.0M	3.20%	-$110.4K Sold	— 428.9K shares	Q2 2021 Held for 4y 5m
8 Vanguard Large-Cap VV	ETF ETF	$14.4M	1.84%	+$860.2K Bought	— 46.7K shares	Q3 2020 Held for 5y 2m
9 Apple AAPL	Consumer Electronics Technology	$13.2M	1.69%	+$1.1M Bought	0.00% 51.7K shares	Q3 2020 Held for 5y 2m
10 Nuveen ESG Emerging Markets Equity NUEM	ETF ETF	$10.3M	1.33%	+$40.1K Bought	— 290.0K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in TFC Financial Management's latest filing

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Market Value

$780.4M

Prior: $729.9M

Q/Q Change

+6.92%

+$50.5M

Net Flows % of MV

+0.483%

Turnover Ratio

1.0%

New Purchases

69 stocks

$1.2M

Added To

163 stocks

+$8.6M

Sold Out Of

67 stocks

$728.8K

Reduced Holdings

125 stocks

-$5.4M

Increased Positions

Position	Shares Δ	Change
1 Invesco S&P 500 Equal Weight Technology RSPT	New	0 → 4.6K +$206.4K
2 iShares U.S. Technology IYW	New	0 → 714.0 +$139.8K
3 Coca-Cola Consolidated, Inc. COKE	New	0 → 544.0 +$63.7K
4 Alerian MLP AMLP	New	0 → 1.3K +$59.8K
5 SharkNinja SN	New	0 → 529.0 +$54.6K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard Russell 2000 ETF VTWO	Sold	2.2K → 0 −$192.7K
2 Invesco S&P 500 Equal Weight ETF RSP	Sold	418.0 → 0 −$76.0K
3 John Hancock Multifactor Mid Cap ETF JHMM	Sold	1.2K → 0 −$72.2K
4 Perrigo Company PRGO	Sold	2.5K → 0 −$66.9K
5 Ansys ANSS	Sold	150.0 → 0 −$52.7K

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Analytics

Portfolio insights and performance metrics for TFC Financial Management

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Sector Allocation

ETF

83.70%

Technology

5.10%

Financial Services

2.70%

Healthcare

2.30%

Consumer Cyclical

1.50%

Industrials

1.40%

Consumer Defensive

0.90%

Communication Services

0.80%

Energy

0.70%

Utilities

0.20%

Basic Materials

0.20%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

11.07%

Large Cap ($10B - $200B)

3.88%

Mid Cap ($2B - $10B)

0.68%

Small Cap ($300M - $2B)

0.05%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.24%

N/A (ETF or Unknown)

84.06%

Portfolio Concentration

Top 10 Holdings %

78.3%

Top 20 Holdings %

85.47%

Top 50 Holdings %

92.88%

Top 100 Holdings %

96.67%