SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$193M
Q4 2020
Positions
34
Filings on Record
22
2019–present window
Filed
Feb 2, 2021
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $193M in U.S.-listed holdings across 34 positions for Q4 2020.

Its largest position, VUG, represents 11.7% of the portfolio.

Compared with Q3 2020, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+19.8%
vs prior filed quarter
Top-10 Concentration
+63.2%
share of reported value
Largest Position
+11.7%
Vanguard Growth
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: 85.4%Other: 8.0%Common Stock: 6.6%
  • ETP · 85.4% · $165M
  • Other · 8.0% · $15M
  • Common Stock · 6.6% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
iBonds Dec 2024 CorpNEW+345.9K345.9K+$9M$9M
iBonds Dec 2023 CorpNEW+332.2K332.2K+$9M$9M
GOOGAlphabet Inc Cl CNEW+592592+$1M$1M
BRK/BBerkshire Hathaway Cl BNEW+4.2K4.2K+$980,000$980,000
PRFInvesco FTSE RAFI US 1000ADDED+80.6K82.4K+$11M$11M
iBonds Dec 2022 CorpADDED+172.3K252.8K+$4M$6M
AMZNAmazon.comADDED+378582+$1M$2M
iBonds Dec 2020 CorpSOLD OUT−366.5K0−$9M$0

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

Holdings — Q4 2020

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VUGVanguard Growthhistory →COM11.71%$23M89.3K
2QUALiShares MSCI USA Qualityhistory →COM9.85%$19M163.6K
3VTVVanguard Valuehistory →COM6.01%$12M97.5K
4DGROiShares Core Dividend Growthhistory →COM5.80%$11M250.0K
5PRFInvesco FTSE RAFI US 1000history →COM5.69%$11M82.4K
6VOVanguard Mid-Caphistory →COM5.45%$11M50.8K
7SPDR Portfolio Total Stock MarketCOM5.26%$10M220.2K
8iBonds Dec 2024 CorpCOM4.76%$9M345.9K
9iBonds Dec 2023 CorpCOM4.52%$9M332.2K
10VEUVanguard FTSE All-World ex-UShistory →COM4.19%$8M138.8K
11VBVanguard Small-Cap ETFhistory →COM3.97%$8M39.4K
12ESGDiShares ESG MSCI EAFEhistory →COM3.84%$7M101.6K
13MTUMiShares MSCI USA Momentumhistory →COM3.67%$7M44.0K
14VMBSVanguard Mortgage-Backed Securitieshistory →COM3.42%$7M122.2K
15VCSHVanguard Short-Term Corporate Bondhistory →COM3.42%$7M79.2K
16iBonds Dec 2022 CorpCOM3.35%$6M252.8K
17USMViShares MSCI USA Min Volhistory →COM2.93%$6M83.4K
18FLRNSPDR Floating Rate Bondhistory →COM2.73%$5M172.5K
19ACWViShares MSCI Min Vol Globalhistory →COM1.84%$4M36.7K
20BANDBandwidth Inc.history →COM1.23%$2M15.5K
21CINFCincinnati Financialhistory →COM1.08%$2M23.9K
22AMZNAmazon.comCOM0.98%$2M582
23AAPLApple Inc.COM0.69%$1M10.0K
24AFGAmerican Financial Group Inc.COM0.59%$1M13.0K
25GOOGAlphabet Inc Cl CCOM0.54%$1M592
26MSFTMicrosoftCOM0.51%$985,0004.4K
27BRK/BBerkshire Hathaway Cl BCOM0.51%$980,0004.2K
28IQLTiShares MSCI International QualityCOM0.30%$579,00016.2K
29CSXCSX CorporationCOM0.27%$526,0005.8K
30IMTMiShares MSCI International MomentumCOM0.24%$473,00012.6K
31OEFiShares S&P 100 IndexCOM0.21%$396,0002.3K
32PGProcter & GambleCOM0.18%$354,0002.5K
33GSIEGoldman Sachs ActiveBeta International EquityCOM0.15%$294,0009.2K
34iBonds Dec 2021 CorpCOM0.10%$200,0008.0K

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 ↗.