SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$209M
Q1 2022
Positions
45
Filings on Record
22
2019–present window
Filed
Apr 22, 2022
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $209M in U.S.-listed holdings across 45 positions for Q1 2022.

Its largest position, USMV, represents 11.6% of the portfolio.

Compared with Q4 2021, the fund opened 6 new positions and exited 1.

Portfolio Metrics

Turnover
+16.0%
vs prior filed quarter
Top-10 Concentration
+60.3%
share of reported value
Largest Position
+11.6%
Ishares Msci USA Min Vol
New / Exited
6 / 1
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: 87.1%Common Stock: 8.0%Other: 4.9%
  • ETP · 87.1% · $182M
  • Common Stock · 8.0% · $17M
  • Other · 4.9% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSLCGoldman Sachs ActiveBeta USNEW+99.9K99.9K+$9M$9M
VOEVanguard Mid-Cap ValueNEW+32.3K32.3K+$5M$5M
VBRVanguard Small Cap ValueNEW+24.3K24.3K+$4M$4M
VFVAVanguard U.S. Value FactorNEW+34.6K34.6K+$4M$4M
VEAVanguard FTSE Developed MarketsNEW+14.8K14.8K+$713,000$713,000
KRKrogerNEW+3.5K3.5K+$201,000$201,000
iBonds Dec 2025 CorpADDED+20.5K28.9K+$507,000$729,000
iBonds Dec 2022 CorpSOLD OUT−285.3K0−$7M$0

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

Holdings — Q1 2022

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1USMViShares MSCI USA Min Volhistory →COM11.60%$24M312.3K
2QUALiShares MSCI USA Qualityhistory →COM8.55%$18M132.5K
3PRFInvesco FTSE RAFI US 1000history →COM6.72%$14M82.1K
4VTVVanguard Valuehistory →COM5.97%$12M84.3K
5SPDR Portfolio Total Stock MarketCOM5.64%$12M212.0K
6iBonds Dec 2023 CorpCOM4.91%$10M405.2K
7iBonds Dec 2024 CorpCOM4.44%$9M369.7K
8GSLCGoldman Sachs ActiveBeta UShistory →COM4.26%$9M99.9K
9FLRNSPDR Floating Ratehistory →COM4.21%$9M288.3K
10FLTRVanEck Floating Ratehistory →COM4.04%$8M336.4K
11MTUMiShares MSCI USA Momentumhistory →COM4.02%$8M49.8K
12ESGDiShares ESG MSCI EAFEhistory →COM3.47%$7M98.3K
13VUGVanguard Growthhistory →COM3.31%$7M24.1K
14DGROiShares Core Dividend Growthhistory →COM3.15%$7M123.2K
15VOVanguard Mid-Caphistory →COM2.75%$6M24.2K
16VOEVanguard Mid-Cap Valuehistory →COM2.31%$5M32.3K
17VBVanguard Small-Cap ETFhistory →COM2.06%$4M20.2K
18VBRVanguard Small Cap Valuehistory →COM2.04%$4M24.3K
19VEUVanguard FTSE All-World ex-UShistory →COM2.04%$4M73.9K
20VFVAVanguard U.S. Value Factorhistory →COM1.77%$4M34.6K
21CINFCincinnati Financialhistory →COM1.68%$3M25.7K
22GSIEGoldman Sachs ActiveBeta Intl Equityhistory →COM1.61%$3M102.6K
23EFAViShares MSCI EAFE Min Volhistory →COM1.39%$3M40.2K
24AAPLApple Inc.history →COM1.20%$3M14.3K
25BRK/BBerkshire Hathaway Cl BCOM0.95%$2M5.6K
26MSFTMicrosoftCOM0.82%$2M5.5K
27GOOGAlphabet Inc Cl CCOM0.64%$1M476
28AMZNAmazon.comCOM0.52%$1M330
29UNPUnion PacificCOM0.41%$858,0003.1K
30iBonds Dec 2025 CorpCOM0.35%$729,00028.9K
31PGProcter & GambleCOM0.35%$729,0004.8K
32VEAVanguard FTSE Developed MarketsCOM0.34%$713,00014.8K
33CSXCSX CorporationCOM0.30%$633,00016.9K
34IQLTiShares MSCI International QualityCOM0.25%$519,00014.1K
35PEPPepsicoCOM0.25%$515,0003.1K
36VFMOVanguard U.S. MomentumCOM0.21%$429,0003.4K
37OEFiShares S&P 100 IndexCOM0.20%$426,0002.0K
38COSTCostco WholesaleCOM0.20%$417,000725
39BANDBandwidth Inc.COM0.20%$412,00012.7K
40IMTMiShares MSCI Intl MomentumCOM0.17%$365,00010.3K
41INTCIntel CorpCOM0.16%$332,0006.7K
42QQQInvesco QQQ TrustCOM0.16%$329,000908
43NKENike Inc.COM0.15%$323,0002.4K
44MCDMcDonaldsCOM0.13%$272,0001.1K
45KRKrogerCOM0.10%$201,0003.5K

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 ↗.