SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Tillar-Wenstrup Advisors, LLC

CIK 0001585045 · 1065 E. CENTERVILLE STATION ROAD, CENTERVILLE, OH, 45459 · 937-428-9700

Reported Value
$178M
Q2 2019
Positions
44
Filings on Record
22
2019–present window
Filed
Jul 29, 2019
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $178M in U.S.-listed holdings across 44 positions for Q2 2019.

Its largest position, FLRN, represents 9.9% of the portfolio.

Compared with Q1 2019, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+57.9%
share of reported value
Largest Position
+9.9%
Spdr Floating Rate Bond
New / Exited
3 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $152MQ4 ’18Q1 ’19: $174MQ2 ’19: $178MQ3 ’19: $173MQ3 ’19Q4 ’19: $179MQ1 ’20: $108MQ2 ’20: $165MQ2 ’20Q3 ’20: $172MQ4 ’20: $193MQ1 ’21: $205MQ1 ’21Q2 ’21: $220MQ3 ’21: $216MQ4 ’21: $212MQ4 ’21Q1 ’22: $209MQ2 ’22: $200MQ3 ’22: $200MQ3 ’22Q1 ’23: $0Q2 ’23: $0Q3 ’23: $0Q3 ’23Q4 ’23: $0filingsflow.com

Portfolio Composition

By security type
ETP: 67.6%Other: 19.4%Common Stock: 13.0%
  • ETP · 67.6% · $120M
  • Other · 19.4% · $34M
  • Common Stock · 13.0% · $23M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPHQInvesco S&P 500 QualityNEW+111.2K111.2K+$4M$4M
LGLVSPDR SSGA US Large Cap Low VolNEW+9.4K9.4K+$1M$1M
PGProcter & GambleNEW+2.1K2.1K+$233,000$233,000
SPMOInvesco S&P 500 MomentumADDED+71.5K105.9K+$3M$4M
PEPPepsicoSOLD OUT−16.4K0−$2M$0
iBonds Dec 2023 CorpSOLD OUT−8.3K0−$208,000$0
VTVVanguard ValueTRIMMED−56.5K20.8K−$6M$2M
VLUEiShares MSCI USA ValueTRIMMED−47.6K47.8K−$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FLRNSPDR Floating Rate Bondhistory →COM9.86%$18M569.6K
2USMViShares MSCI USA Min Volhistory →COM7.78%$14M223.8K
3MTUMiShares MSCI USA Momentumhistory →COM6.41%$11M95.9K
4PRFInvesco FTSE RAFI US 1000history →COM5.93%$11M90.3K
5QUALiShares MSCI USA Qualityhistory →COM5.53%$10M107.4K
6iBonds Dec 2020 CorpCOM5.39%$10M377.3K
7iBonds Dec 2021 CorpCOM5.06%$9M360.2K
8iBonds Dec 2022 CorpCOM4.11%$7M289.4K
9iBonds Dec 2019 CorpCOM4.05%$7M288.8K
10FLOTiShares Floating Rate Bondhistory →COM3.80%$7M132.4K
11SHYiShares 1-3 Year Treasuryhistory →COM3.56%$6M74.5K
12SPMOInvesco S&P 500 Momentumhistory →COM2.41%$4M105.9K
13ACWViShares MSCI Min Vol Globalhistory →COM2.25%$4M43.4K
14VOEVanguard Mid-Cap Valuehistory →COM2.23%$4M35.5K
15VLUEiShares MSCI USA Valuehistory →COM2.19%$4M47.8K
16SPHQInvesco S&P 500 Qualityhistory →COM2.07%$4M111.2K
17VOVanguard Mid-Caphistory →COM1.88%$3M20.0K
18VTIVanguard Total Stock Markethistory →COM1.85%$3M21.9K
19EFAViShares MSCI EAFE Min Volhistory →COM1.75%$3M42.7K
20Invesco FTSE RAFI US 1500 S/MCOM1.53%$3M21.3K
21VEUVanguard FTSE All-World ex-UShistory →COM1.31%$2M45.6K
22VTVVanguard Valuehistory →COM1.30%$2M20.8K
23IXUSiShares Core MSCI Total Intlhistory →COM1.24%$2M37.4K
24IJRiShares Core S&P Small-Caphistory →COM1.23%$2M27.9K
25VOYAVoya Financial Inc.history →COM1.16%$2M37.3K
26JPMJP Morgan Chase & Cohistory →COM1.16%$2M18.4K
27DALDelta Air Lineshistory →COM1.07%$2M33.4K
28ALKAlaska Air Grouphistory →COM1.07%$2M29.7K
29BRK/BBerkshire Hathaway Cl Bhistory →COM1.07%$2M8.9K
30AMZNAmazon.comhistory →COM1.06%$2M993
31CCitigrouphistory →COM1.04%$2M26.5K
32GOOGAlphabet Inc Cl Chistory →COM1.04%$2M1.7K
33AAPLApple Inc.history →COM1.04%$2M9.3K
34BKNGBooking Holdings, Inc.COM1.00%$2M944
35LUVSouthwest AirlinesCOM0.99%$2M34.7K
36BANDBandwidth Inc.COM0.92%$2M21.8K
37iBonds Mar 2020 CorpCOM0.77%$1M52.6K
38LGLVSPDR SSGA US Large Cap Low VolCOM0.57%$1M9.4K
39Invesco FTSE RAFI Developed ex USCOM0.33%$590,00014.5K
40SMLFiShares MSCI Multifactor US SmallCOM0.32%$571,00014.2K
41CSXCSX CorporationCOM0.26%$453,0005.8K
42USMFWisdomTree U.S. MultifactorCOM0.15%$274,0009.1K
43IQLTiShares MSCI International QualityCOM0.14%$247,0008.2K
44PGProcter & GambleCOM0.13%$233,0002.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$01Feb 14, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$01Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$01Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$01May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review44Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$200M46Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$200M49Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022$209M45Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$212M40Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$216M35Oct 25, 202113F-HRchanges · EDGAR ↗
Q2 2021$220M36Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$205M35Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$193M34Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$172M35Oct 21, 202013F-HRchanges · EDGAR ↗
Q2 2020$165M33Jul 31, 202013F-HRchanges · EDGAR ↗
Q1 2020$108M19Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$179M51Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$173M43Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$178M44Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$174M43May 2, 201913F-HRchanges · EDGAR ↗
Q4 2018$152M49Jan 29, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.