SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$173M
Q3 2019
Positions
43
Filings on Record
22
2019–present window
Filed
Nov 15, 2019
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $173M in U.S.-listed holdings across 43 positions for Q3 2019.

Its largest position, FLRN, represents 9.5% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+59.3%
share of reported value
Largest Position
+9.5%
Spdr Floating Rate Bond
New / Exited
4 / 5
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: 68.1%Other: 19.9%Common Stock: 11.0%ADR: 1.1%
  • ETP · 68.1% · $117M
  • Other · 19.9% · $34M
  • Common Stock · 11.0% · $19M
  • ADR · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HDViShares Core High DividendNEW+55.0K55.0K+$5M$5M
DGROiShares Core Dividend GrowthNEW+99.9K99.9K+$4M$4M
Royal Dutch Shell CL BNEW+30.4K30.4K+$2M$2M
IMTMiShares MSCI Intl Dev MomentumNEW+8.2K8.2K+$242,000$242,000
FLOTiShares Floating Rate BondSOLD OUT−132.4K0−$7M$0
IXUSiShares Core MSCI Total IntlSOLD OUT−37.4K0−$2M$0
ALKAlaska Air GroupSOLD OUT−29.7K0−$2M$0
CCitigroupSOLD OUT−26.5K0−$2M$0

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

Holdings — Q3 2019

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FLRNSPDR Floating Rate Bondhistory →COM9.53%$16M534.4K
2USMViShares MSCI USA Min Volhistory →COM8.00%$14M215.4K
3QUALiShares MSCI USA Qualityhistory →COM6.63%$11M123.8K
4MTUMiShares MSCI USA Momentumhistory →COM6.49%$11M93.9K
5PRFInvesco FTSE RAFI US 1000history →COM6.05%$10M88.5K
6iBonds Dec 2020 CorpCOM5.66%$10M384.7K
7iBonds Dec 2021 CorpCOM5.20%$9M359.0K
8iBonds Dec 2022 CorpCOM4.20%$7M286.6K
9iBonds Dec 2019 CorpCOM4.06%$7M281.7K
10SHYiShares 1-3 Year Treasuryhistory →COM3.53%$6M71.7K
11HDViShares Core High Dividendhistory →COM3.00%$5M55.0K
12SPMOInvesco S&P 500 Momentumhistory →COM2.46%$4M104.4K
13ACWViShares MSCI Min Vol Globalhistory →COM2.29%$4M41.7K
14DGROiShares Core Dividend Growthhistory →COM2.27%$4M99.9K
15SPHQInvesco S&P 500 Qualityhistory →COM2.23%$4M114.8K
16VOEVanguard Mid-Cap Valuehistory →COM2.22%$4M33.9K
17VTIVanguard Total Stock Markethistory →COM1.95%$3M22.3K
18VOVanguard Mid-Caphistory →COM1.86%$3M19.2K
19EFAViShares MSCI EAFE Min Volhistory →COM1.75%$3M41.2K
20Invesco FTSE RAFI US 1500 S/MCOM1.53%$3M20.8K
21VTVVanguard Valuehistory →COM1.28%$2M19.8K
22VEUVanguard FTSE All-World ex-UShistory →COM1.26%$2M43.5K
23IJRiShares Core S&P Small-Caphistory →COM1.21%$2M26.7K
24JPMJP Morgan Chase & Cohistory →COM1.20%$2M17.6K
25GOOGAlphabet Inc Cl Chistory →COM1.16%$2M1.6K
26AAPLApple Inc.history →COM1.15%$2M8.8K
27VOYAVoya Financial Inc.history →COM1.14%$2M36.0K
28DALDelta Air Lineshistory →COM1.08%$2M32.2K
29VLUEiShares MSCI USA Valuehistory →COM1.06%$2M22.3K
30Royal Dutch Shell CL BCOM1.05%$2M30.4K
31BRK/BBerkshire Hathaway Cl Bhistory →COM1.04%$2M8.6K
32BKNGBooking Holdings, Inc.history →COM1.04%$2M912
33LUVSouthwest Airlineshistory →COM1.03%$2M32.8K
34AMZNAmazon.comCOM0.96%$2M958
35iBonds Mar 2020 CorpCOM0.80%$1M52.5K
36BANDBandwidth Inc.COM0.78%$1M20.7K
37LGLVSPDR SSGA US Large Cap Low VolCOM0.72%$1M11.2K
38SMLFiShares MSCI Multifactor US SmallCOM0.34%$587,00014.7K
39CSXCSX CorporationCOM0.23%$405,0005.8K
40IQLTiShares MSCI International QualityCOM0.15%$258,0008.7K
41Invesco FTSE RAFI Developed ex USCOM0.15%$253,0006.4K
42PGProcter & GambleCOM0.15%$253,0002.0K
43IMTMiShares MSCI Intl Dev MomentumCOM0.14%$242,0008.2K

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 ↗.