Managers / Q3 2025 · view latest →
TSFG, LLC
CIK 0001800513 · 1052 N WESTERN AVE, LAKE FOREST, IL, 60045 · 847-735-7100
Reported Value
$629M
Q3 2025
Positions
872
Filings on Record
29
2019–present window
Filed
Nov 4, 2025
original filing
Summary
Tsfg, LLC reported $629M in U.S.-listed holdings across 872 positions for Q3 2025.
Its largest position, IWF, represents 6.9% of the portfolio.
Compared with Q2 2025, the fund opened 75 new positions and exited 57.
Portfolio Metrics
Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+47.8%
share of reported value
Largest Position
+6.9%
Ishares Russell
New / Exited
75 / 57
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
Portfolio Composition
By security type
- ETP · 75.1% · $473M
- Common Stock · 24.5% · $154M
- ADR · 0.2% · $1M
- REIT · 0.1% · $571,000
- Closed-End Fund · 0.1% · $522,000
- Other · 0.0% · $172,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SHLDGLOBAL X | NEW | +50.5K | 50.5K | +$4M | $4M |
| FIRST TRUST | NEW | +25.1K | 25.1K | +$482,000 | $482,000 |
| BMNRBITMINE IMMERSION | NEW | +5.5K | 5.5K | +$286,000 | $286,000 |
| SLBSCHLUMBERGER LTD | NEW | +5.7K | 5.7K | +$195,000 | $195,000 |
| LMNDLEMONADE INC | NEW | +1.0K | 1.0K | +$54,000 | $54,000 |
| BLSHBULLISH | NEW | +700 | 700 | +$45,000 | $45,000 |
| FLTRVANECK IG | NEW | +1.5K | 1.5K | +$39,000 | $39,000 |
| OSCROSCAR HEALTH | NEW | +2.0K | 2.0K | +$38,000 | $38,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
404 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IWFISHARES RUSSELL | MF Closed and MF Open | 6.95% | $44M | 118.7K |
| 2 | DYNFISHARES U S | MF Closed and MF Open | 6.75% | $42M | 780.8K |
| 3 | SPYGSPDR PORTFOLIO | MF Closed and MF Open | 6.32% | $40M | 661.0K |
| 4 | IEMGISHARES CORE | MF Closed and MF Open | 6.29% | $40M | 554.4K |
| 5 | ABBVABBVIE INChistory → | Common Stock | 4.54% | $29M | 123.4K |
| 6 | XLGINVESCO S&P | MF Closed and MF Open | 4.35% | $27M | 413.2K |
| 7 | QUALISHARES MSCI | MF Closed and MF Open | 3.50% | $22M | 122.5K |
| 8 | VTIVANGUARD TOTAL | MF Closed and MF Open | 3.30% | $21M | 69.7K |
| 9 | VOOVANGUARD S&P | MF Closed and MF Open | 3.17% | $20M | 32.6K |
| 10 | XLKTECHNOLOGY SELECThistory → | MF Closed and MF Open | 2.66% | $17M | 59.5K |
| 11 | ABTABBOTT LABORATORIEShistory → | Common Stock | 2.43% | $15M | 114.0K |
| 12 | AAPLAPPLE INChistory → | Common Stock | 2.39% | $15M | 59.2K |
| 13 | SPYSPDR S&P | MF Closed and MF Open | 2.35% | $15M | 22.5K |
| 14 | SPTISPDR INTERMEDIATEhistory → | MF Closed and MF Open | 2.26% | $14M | 492.1K |
| 15 | SPDR AGGREGATE | MF Closed and MF Open | 1.91% | $12M | 464.4K |
| 16 | NVDANVIDIA CORPhistory → | Common Stock | 1.88% | $12M | 63.5K |
| 17 | QQQINVESCO QQQhistory → | MF Closed and MF Open | 1.76% | $11M | 18.4K |
| 18 | IAUISHARES GOLDhistory → | Common Stock | 1.73% | $11M | 149.8K |
| 19 | JPMORGAN US | MF Closed and MF Open | 1.61% | $10M | 160.8K |
| 20 | LGOVFIRST TRUST | MF Closed and MF Open | 1.46% | $9M | 333.8K |
| 21 | XTRACKERS | MF Closed and MF Open | 1.42% | $9M | 303.3K |
| 22 | AMZNAMAZON COMhistory → | Common Stock | 1.41% | $9M | 40.5K |
| 23 | ISHARES A I | MF Closed and MF Open | 1.32% | $8M | 243.2K |
| 24 | FBNDFIDELITY TOTALhistory → | MF Closed and MF Open | 1.16% | $7M | 157.5K |
| 25 | CAPITAL GROUP | MF Closed and MF Open | 1.13% | $7M | 267.9K |
| 26 | BINCISHARES FLEXIBLEhistory → | MF Closed and MF Open | 1.12% | $7M | 133.0K |
| 27 | VOVANGUARD MID | MF Closed and MF Open | 1.09% | $7M | 24.1K |
| 28 | MSFTMICROSOFT CORP | Common Stock | 0.90% | $6M | 10.9K |
| 29 | EWEDWARDS LIFESCIENCES | Common Stock | 0.88% | $6M | 71.6K |
| 30 | VTVVANGUARD VALUE | MF Closed and MF Open | 0.88% | $6M | 29.8K |
| 31 | TSLATESLA INC | Common Stock | 0.87% | $5M | 12.3K |
| 32 | IVEISHARES S&P | MF Closed and MF Open | 0.80% | $5M | 32.7K |
| 33 | SPDR MORTGAGE | MF Closed and MF Open | 0.78% | $5M | 218.7K |
| 34 | GOOGALPHABET INC | Common Stock | 0.77% | $5M | 19.8K |
| 35 | PWRDTCW TR | MF Closed and MF Open | 0.65% | $4M | 41.6K |
| 36 | IQDGWISDOMTREE INTL | MF Closed and MF Open | 0.62% | $4M | 97.5K |
| 37 | NYLI FTSE | MF Closed and MF Open | 0.60% | $4M | 121.9K |
| 38 | SHLDGLOBAL X | MF Closed and MF Open | 0.58% | $4M | 52.8K |
| 39 | VGTVANGUARD INFORMATION | MF Closed and MF Open | 0.48% | $3M | 4.1K |
| 40 | SMHVANECK SEMICONDUCTOR | MF Closed and MF Open | 0.42% | $3M | 8.2K |
| 41 | FLXRTCW FLEXIBLE | MF Closed and MF Open | 0.41% | $3M | 64.4K |
| 42 | BRK/BBERKSHIRE HATHAWAY | Common Stock | 0.39% | $2M | 4.9K |
| 43 | GBTCGRAYSCALE BITCOIN | Common Stock | 0.39% | $2M | 29.5K |
| 44 | BAXBAXTER INTL | Common Stock | 0.37% | $2M | 101.2K |
| 45 | IBITISHARES BITCOIN | MF Closed and MF Open | 0.35% | $2M | 34.2K |
| 46 | CRMSALESFORCE INC | Common Stock | 0.27% | $2M | 7.2K |
| 47 | ITAISHARES AEROSPACE | MF Closed and MF Open | 0.27% | $2M | 8.1K |
| 48 | CEGCONSTELLATION ENERGY | Common Stock | 0.25% | $2M | 4.7K |
| 49 | VVVANGUARD LARGE | MF Closed and MF Open | 0.24% | $1M | 4.8K |
| 50 | XLVHEALTHCARE SELECT | MF Closed and MF Open | 0.23% | $1M | 10.5K |
| 51 | EXMOCEXXON MOBIL | Common Stock | 0.23% | $1M | 13.0K |
| 52 | NFLXNETFLIX INC | Common Stock | 0.23% | $1M | 1.2K |
| 53 | WMTWALMART INC | Common Stock | 0.22% | $1M | 13.5K |
| 54 | METAMETA PLATFORMS | Common Stock | 0.22% | $1M | 1.9K |
| 55 | XLFFINANCIAL SELECT | MF Closed and MF Open | 0.21% | $1M | 24.8K |
| 56 | VBKVANGUARD SMALL | MF Closed and MF Open | 0.21% | $1M | 5.3K |
| 57 | CAHCARDINAL HEALTH | Common Stock | 0.21% | $1M | 8.4K |
| 58 | JPMJPMORGAN CHASE | Common Stock | 0.20% | $1M | 4.1K |
| 59 | VUGVANGUARD GROWTH | MF Closed and MF Open | 0.20% | $1M | 2.7K |
| 60 | GLDSPDR GOLD | Common Stock | 0.20% | $1M | 3.5K |
| 61 | XLIINDUSTRIAL SELECT | MF Closed and MF Open | 0.19% | $1M | 7.9K |
| 62 | VIGVANGUARD DIVIDEND | MF Closed and MF Open | 0.19% | $1M | 5.6K |
| 63 | SPDR RUSSELL | MF Closed and MF Open | 0.19% | $1M | 9.0K |
| 64 | CVSCVS HEALTH | Common Stock | 0.18% | $1M | 15.2K |
| 65 | EMBISHARES JPMORGAN | MF Closed and MF Open | 0.18% | $1M | 11.9K |
| 66 | COSTCOSTCO WHOLESALE | Common Stock | 0.18% | $1M | 1.2K |
| 67 | PLTRPALANTIR TECHNOLOGIES | Common Stock | 0.18% | $1M | 6.1K |
| 68 | BEBLOOM ENERGY | Common Stock | 0.17% | $1M | 12.6K |
| 69 | MCDMCDONALDS CORP | Common Stock | 0.15% | $926,000 | 3.0K |
| 70 | PKWINVESCO BUYBACK | MF Closed and MF Open | 0.14% | $861,000 | 6.5K |
| 71 | MUBISHARES NATIONAL | MF Closed and MF Open | 0.13% | $826,000 | 7.8K |
| 72 | SCHDSCHWAB US | MF Closed and MF Open | 0.12% | $750,000 | 26.7K |
| 73 | PGPROCTER & GAMBLE | Common Stock | 0.11% | $711,000 | 4.6K |
| 74 | CVXCHEVRON CORP | Common Stock | 0.11% | $666,000 | 4.3K |
| 75 | TCAFT ROWE | MF Closed and MF Open | 0.11% | $663,000 | 17.6K |
| 76 | ISRGINTUITIVE SURGICAL | Common Stock | 0.10% | $617,000 | 1.4K |
| 77 | ICSHISHARES ULTRA | MF Closed and MF Open | 0.10% | $609,000 | 12.0K |
| 78 | GSGOLDMAN SACHS | Common Stock | 0.10% | $603,000 | 758 |
| 79 | SNOWSNOWFLAKE INC | Common Stock | 0.10% | $598,000 | 2.6K |
| 80 | WECWEC ENERGY | Common Stock | 0.09% | $584,000 | 5.1K |
| 81 | JNJJOHNSON & JOHNSON | Common Stock | 0.09% | $568,000 | 3.1K |
| 82 | ORCLORACLE CORP | Common Stock | 0.09% | $557,000 | 2.0K |
| 83 | MSTRSTRATEGY INC | Common Stock | 0.09% | $550,000 | 1.7K |
| 84 | FFORD MOTOR | Common Stock | 0.09% | $549,000 | 45.9K |
| 85 | VCITVANGUARD INTERMEDIATE | MF Closed and MF Open | 0.09% | $542,000 | 6.4K |
| 86 | EXCEXELON CORP | Common Stock | 0.08% | $533,000 | 11.8K |
| 87 | LLYELI LILLY | Common Stock | 0.08% | $521,000 | 683 |
| 88 | VSTVISTRA CORP | Common Stock | 0.08% | $511,000 | 2.6K |
| 89 | RMBSRAMBUS INC | Common Stock | 0.08% | $501,000 | 4.8K |
| 90 | CTASCINTAS CORP | Common Stock | 0.08% | $493,000 | 2.4K |
| 91 | ISHARES INTL | MF Closed and MF Open | 0.08% | $485,000 | 17.3K |
| 92 | PMPHILIP MORRIS | Common Stock | 0.07% | $464,000 | 2.9K |
| 93 | STIPISHARES 0-5 | MF Closed and MF Open | 0.07% | $458,000 | 4.4K |
| 94 | SUBISHARES SHORT | MF Closed and MF Open | 0.07% | $447,000 | 6.4K |
| 95 | SDYSPDR SERIES | MF Closed and MF Open | 0.07% | $447,000 | 3.3K |
| 96 | XLEENERGY SELECT | MF Closed and MF Open | 0.07% | $420,000 | 4.7K |
| 97 | SRESEMPRA | Common Stock | 0.06% | $407,000 | 4.5K |
| 98 | MOALTRIA GROUP | Common Stock | 0.06% | $396,000 | 6.0K |
| 99 | DISWALT DISNEY | Common Stock | 0.06% | $381,000 | 3.3K |
| 100 | IEIISHARES 3-7YR | MF Closed and MF Open | 0.06% | $377,000 | 3.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $659M | 866 | Apr 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $669M | 856 | Feb 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $629M | 872 | Nov 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $553M | 853 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $489M | 857 | Apr 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $487M | 785 | Jan 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $458M | 819 | Oct 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $428M | 803 | Jul 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $397M | 797 | Apr 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $317M | 930 | Jan 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $281M | 1,043 | Oct 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $268M | 1,043 | Jul 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $270M | 1,010 | Apr 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $252M | 1,066 | Jan 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $214M | 1,017 | Oct 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $233M | 1,034 | Jul 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $276M | 997 | Apr 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $287M | 924 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $256M | 890 | Oct 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $248M | 872 | Jul 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $197M | 777 | Apr 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $187M | 904 | Jan 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $168M | 862 | Oct 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $151M | 853 | Jul 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $112M | 836 | Apr 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $135M | 823 | Jan 27, 2020 | 13F-HR | changes · 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 ↗.