SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$179M
Q4 2019
Positions
51
Filings on Record
22
2019–present window
Filed
Jan 24, 2020
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $179M in U.S.-listed holdings across 51 positions for Q4 2019.

Its largest position, QUAL, represents 7.0% of the portfolio.

Compared with Q3 2019, the fund opened 10 new positions and exited 2.

Portfolio Metrics

Turnover
+15.1%
vs prior filed quarter
Top-10 Concentration
+52.0%
share of reported value
Largest Position
+7.0%
Ishares Msci USA Quality
New / Exited
10 / 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: 65.2%Other: 20.4%Common Stock: 13.4%ADR: 1.0%
  • ETP · 65.2% · $117M
  • Other · 20.4% · $36M
  • Common Stock · 13.4% · $24M
  • ADR · 1.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
iBonds Dec 2023 CorpNEW+258.0K258.0K+$7M$7M
GSIEGoldman Sachs ActiveBeta International EquityNEW+85.1K85.1K+$3M$3M
IEFAiShares Core MSCI EAFENEW+37.9K37.9K+$2M$2M
VBRVanguard Small Cap ValueNEW+15.4K15.4K+$2M$2M
VWOVanguard Emerging MarketsNEW+47.3K47.3K+$2M$2M
SLBSchlumberger LtdNEW+52.3K52.3K+$2M$2M
AMGAffiliated Managers GroupNEW+20.7K20.7K+$2M$2M
GMEGameStop CorpNEW+45.8K45.8K+$278,000$278,000

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

Holdings — Q4 2019

51 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUALiShares MSCI USA Qualityhistory →COM7.01%$13M124.3K
2USMViShares MSCI USA Min Volhistory →COM6.96%$12M190.1K
3MTUMiShares MSCI USA Momentumhistory →COM6.41%$11M91.4K
4PRFInvesco FTSE RAFI US 1000history →COM6.11%$11M86.4K
5iBonds Dec 2020 CorpCOM5.98%$11M423.4K
6iBonds Dec 2021 CorpCOM5.09%$9M365.0K
7iBonds Dec 2022 CorpCOM4.78%$9M338.2K
8iBonds Dec 2023 CorpCOM3.68%$7M258.0K
9HDViShares Core High Dividendhistory →COM3.13%$6M57.2K
10SHYiShares 1-3 Year Treasuryhistory →COM2.82%$5M59.6K
11SPHQInvesco S&P 500 Qualityhistory →COM2.66%$5M130.3K
12DGROiShares Core Dividend Growthhistory →COM2.50%$4M106.5K
13SPMOInvesco S&P 500 Momentumhistory →COM2.43%$4M103.8K
14VTVVanguard Valuehistory →COM2.37%$4M35.4K
15VOEVanguard Mid-Cap Valuehistory →COM2.27%$4M34.2K
16ACWViShares MSCI Min Vol Globalhistory →COM2.10%$4M39.3K
17VOVanguard Mid-Caphistory →COM1.85%$3M18.6K
18VEUVanguard FTSE All-World ex-UShistory →COM1.82%$3M60.5K
19VTIVanguard Total Stock Markethistory →COM1.76%$3M19.2K
20EFAViShares MSCI EAFE Min Volhistory →COM1.66%$3M39.8K
21Invesco FTSE RAFI US 1500 S/MCOM1.55%$3M20.2K
22VLUEiShares MSCI USA Valuehistory →COM1.51%$3M30.1K
23GSIEGoldman Sachs ActiveBeta International Equityhistory →COM1.44%$3M85.1K
24IEFAiShares Core MSCI EAFEhistory →COM1.38%$2M37.9K
25AAPLApple Inc.history →COM1.32%$2M8.1K
26JPMJP Morgan Chase & Cohistory →COM1.26%$2M16.2K
27IJRiShares Core S&P Small-Caphistory →COM1.22%$2M26.2K
28VOYAVoya Financial Inc.history →COM1.19%$2M35.0K
29VBRVanguard Small Cap Valuehistory →COM1.18%$2M15.4K
30VWOVanguard Emerging Marketshistory →COM1.18%$2M47.3K
31SLBSchlumberger Ltdhistory →COM1.17%$2M52.3K
32GOOGAlphabet Inc Cl Chistory →COM1.17%$2M1.6K
33BRK/BBerkshire Hathaway Cl Bhistory →COM1.06%$2M8.4K
34BKNGBooking Holdings, Inc.history →COM1.02%$2M890
35DALDelta Air Lineshistory →COM1.02%$2M31.2K
36Royal Dutch Shell CL BCOM1.00%$2M30.0K
37AMZNAmazon.comCOM0.98%$2M951
38AMGAffiliated Managers GroupCOM0.98%$2M20.7K
39LGLVSPDR SSGA US Large Cap Low VolCOM0.96%$2M15.0K
40LUVSouthwest AirlinesCOM0.96%$2M31.7K
41BANDBandwidth Inc.COM0.74%$1M20.7K
42iBonds Mar 2020 CorpCOM0.69%$1M47.5K
43SMLFiShares MSCI Multifactor US SmallCOM0.36%$638,00014.9K
44CSXCSX CorporationCOM0.24%$423,0005.8K
45IQLTiShares MSCI International QualityCOM0.16%$288,0008.9K
46GMEGameStop CorpCOM0.16%$278,00045.8K
47Invesco FTSE RAFI Developed ex USCOM0.15%$266,0006.3K
48IMTMiShares MSCI Intl Dev MomentumCOM0.15%$261,0008.4K
49PGProcter & GambleCOM0.14%$254,0002.0K
50EEMViShares MSCI Emerging Mkts Min VolCOM0.14%$252,0004.3K
51iShares MSCI Multifactor US Mid-CapCOM0.13%$232,0008.2K

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 ↗.