SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$212M
Q4 2021
Positions
40
Filings on Record
22
2019–present window
Filed
Jan 28, 2022
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $212M in U.S.-listed holdings across 40 positions for Q4 2021.

Its largest position, USMV, represents 15.4% of the portfolio.

Compared with Q3 2021, the fund opened 7 new positions and exited 2.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+66.5%
share of reported value
Largest Position
+15.4%
Ishares Msci USA Min Vol
New / Exited
7 / 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: 84.0%Other: 8.2%Common Stock: 7.8%
  • ETP · 84.0% · $178M
  • Other · 8.2% · $17M
  • Common Stock · 7.8% · $17M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UNPUnion PacificNEW+3.1K3.1K+$792,000$792,000
PEPPepsicoNEW+3.1K3.1K+$534,000$534,000
COSTCostco WholesaleNEW+765765+$434,000$434,000
NKENike Inc.NEW+2.4K2.4K+$400,000$400,000
INTCIntel CorpNEW+6.7K6.7K+$345,000$345,000
MCDMcDonaldsNEW+1.1K1.1K+$295,000$295,000
iBonds Dec 2025 CorpNEW+8.4K8.4K+$222,000$222,000
PGProcter & GambleADDED+2.9K4.8K+$516,000$780,000

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

Holdings — Q4 2021

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1USMViShares MSCI USA Min Volhistory →COM15.42%$33M404.7K
2QUALiShares MSCI USA Qualityhistory →COM11.02%$23M160.8K
3PRFInvesco FTSE RAFI US 1000history →COM6.88%$15M85.1K
4VTVVanguard Valuehistory →COM6.32%$13M91.2K
5VOVanguard Mid-Caphistory →COM5.02%$11M41.8K
6iBonds Dec 2023 CorpCOM4.82%$10M398.5K
7iBonds Dec 2024 CorpCOM4.74%$10M388.0K
8MTUMiShares MSCI USA Momentumhistory →COM4.32%$9M50.5K
9VBVanguard Small-Cap ETFhistory →COM4.05%$9M38.1K
10ESGDiShares ESG MSCI EAFEhistory →COM3.91%$8M104.4K
11FLRNSPDR Floating Ratehistory →COM3.85%$8M267.1K
12FLTRVanEck Floating Ratehistory →COM3.69%$8M309.8K
13VUGVanguard Growthhistory →COM3.66%$8M24.2K
14iBonds Dec 2022 CorpCOM3.38%$7M285.3K
15DGROiShares Core Dividend Growthhistory →COM3.36%$7M128.2K
16SPDR Portfolio Total Stock MarketCOM3.09%$7M112.1K
17CINFCincinnati Financialhistory →COM1.38%$3M25.7K
18EFAViShares MSCI EAFE Min Volhistory →COM1.34%$3M37.0K
19AAPLApple Inc.history →COM1.18%$3M14.1K
20VEUVanguard FTSE All-World ex-UShistory →COM1.12%$2M38.6K
21GSIEGoldman Sachs ActiveBeta Intl Equityhistory →COM1.06%$2M63.8K
22MSFTMicrosoftCOM0.90%$2M5.7K
23BRK/BBerkshire Hathaway Cl BCOM0.76%$2M5.4K
24GOOGAlphabet Inc Cl CCOM0.65%$1M480
25AMZNAmazon.comCOM0.53%$1M337
26BANDBandwidth Inc.COM0.43%$912,00012.7K
27UNPUnion PacificCOM0.37%$792,0003.1K
28PGProcter & GambleCOM0.37%$780,0004.8K
29CSXCSX CorporationCOM0.30%$635,00016.9K
30IQLTiShares MSCI International QualityCOM0.26%$551,00014.0K
31PEPPepsicoCOM0.25%$534,0003.1K
32IMTMiShares MSCI Intl MomentumCOM0.23%$497,00013.1K
33VFMOVanguard U.S. MomentumCOM0.21%$453,0003.4K
34OEFiShares S&P 100 IndexCOM0.21%$447,0002.0K
35COSTCostco WholesaleCOM0.20%$434,000765
36NKENike Inc.COM0.19%$400,0002.4K
37INTCIntel CorpCOM0.16%$345,0006.7K
38QQQInvesco QQQ TrustCOM0.16%$339,000853
39MCDMcDonaldsCOM0.14%$295,0001.1K
40iBonds Dec 2025 CorpCOM0.10%$222,0008.4K

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 ↗.