SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Tillar-Wenstrup Advisors, LLC

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

Reported Value
$200M
Q3 2022
Positions
46
Filings on Record
22
2019–present window
Filed
Oct 25, 2022
original filing

Summary

Tillar-Wenstrup Advisors, LLC reported $200M in U.S.-listed holdings across 46 positions for Q3 2022.

Its largest position, USMV, represents 10.3% of the portfolio.

Compared with Q2 2022, the fund opened 3 new positions and exited 6.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+60.9%
share of reported value
Largest Position
+10.3%
Ishares Msci USA Min Vol
New / Exited
3 / 6
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: 86.0%Other: 7.9%Common Stock: 6.1%
  • ETP · 86.0% · $172M
  • Other · 7.9% · $16M
  • Common Stock · 6.1% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TFLOiShares Treasury Floating RateNEW+201.3K201.3K+$10M$10M
LGLVSPDR SSGA US Low VolNEW+2.0K2.0K+$246,000$246,000
IJRiShares Core S&P Small-CapNEW+2.3K2.3K+$201,000$201,000
GOOGAlphabet Inc Cl CADDED+9.3K9.8K$116,000$938,000
VEAVanguard FTSE Developed MarketsADDED+50.0K85.9K+$2M$3M
iBonds Dec 2025 CorpSOLD OUT196.9K0$5M$0
GSIEGoldman Sachs ActiveBeta Intl EquitySOLD OUT112.1K0$3M$0
IQLTiShares MSCI International QualitySOLD OUT14.6K0$452,000$0

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

Holdings — Q3 2022

46 positions
#IssuerClass% PortfolioValueShares
1USMViShares MSCI USA Min Volhistory →COM10.30%$21M312.0K
2QUALiShares MSCI USA Qualityhistory →COM7.64%$15M147.2K
3PRFInvesco FTSE RAFI US 1000history →COM5.76%$12M83.1K
4MTUMiShares MSCI USA Momentumhistory →COM5.70%$11M87.0K
5FLOTiShares Floating Rate Bondhistory →COM5.55%$11M220.9K
6FLRNSPDR Floating Ratehistory →COM5.50%$11M363.6K
7VTVVanguard Valuehistory →COM5.25%$11M85.2K
8SPDR Portfolio Total Stock MarketCOM5.08%$10M230.7K
9TFLOiShares Treasury Floating Ratehistory →COM5.08%$10M201.3K
10iBonds Dec 2023 CorpCOM4.98%$10M399.8K
11iBonds Dec 2024 CorpCOM4.80%$10M394.5K
12GSLCGoldman Sachs ActiveBeta UShistory →COM4.18%$8M117.8K
13DGROiShares Core Dividend Growthhistory →COM2.86%$6M128.6K
14VUGVanguard Growthhistory →COM2.80%$6M26.2K
15VOVanguard Mid-Caphistory →COM2.36%$5M25.1K
16VOEVanguard Mid-Cap Valuehistory →COM2.15%$4M35.3K
17VBRVanguard Small Cap Valuehistory →COM1.80%$4M25.1K
18VBVanguard Small-Cap ETFhistory →COM1.78%$4M20.8K
19VEUVanguard FTSE All-World ex-UShistory →COM1.77%$4M80.0K
20VFVAVanguard U.S. Value Factorhistory →COM1.60%$3M36.8K
21VEAVanguard FTSE Developed Marketshistory →COM1.56%$3M85.9K
22iBonds Dec 2023 TreasuryCOM1.48%$3M119.6K
23EFAViShares MSCI EAFE Min Volhistory →COM1.18%$2M41.5K
24CINFCincinnati Financialhistory →COM1.15%$2M25.7K
25AAPLApple Inc.COM0.90%$2M13.1K
26BRK/BBerkshire Hathaway Cl BCOM0.70%$1M5.3K
27MSFTMicrosoftCOM0.65%$1M5.6K
28IBTEiBonds Dec 2024 TreasuryCOM0.61%$1M51.2K
29iShares iBonds Dec 2022 TreasuryCOM0.52%$1M41.0K
30GOOGAlphabet Inc Cl CCOM0.47%$938,0009.8K
31Blackrock, Inc.COM0.42%$844,0001.5K
32AMZNAmazon.comCOM0.38%$764,0006.8K
33iBonds Dec 2023 MuniCOM0.34%$688,00027.3K
34iBonds Dec 2024 MuniCOM0.33%$669,00026.2K
35UNPUnion PacificCOM0.31%$612,0003.1K
36PGProcter & GambleCOM0.29%$590,0004.7K
37ESGDiShares ESG MSCI EAFECOM0.26%$518,0009.2K
38PEPPepsicoCOM0.25%$502,0003.1K
39iBonds Dec 2022 CorpCOM0.23%$457,00018.2K
40CSXCSX CorporationCOM0.22%$450,00016.9K
41VFMOVanguard U.S. MomentumCOM0.18%$368,0003.5K
42COSTCostco WholesaleCOM0.17%$342,000725
43MCDMcDonaldsCOM0.13%$254,0001.1K
44LGLVSPDR SSGA US Low VolCOM0.12%$246,0002.0K
45IJRiShares Core S&P Small-CapCOM0.10%$201,0002.3K
46BANDBandwidth Inc.COM0.08%$151,00012.7K

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 ↗.