Managers / Q1 2026
Tandem Financial, LLC
CIK 0002049157 · 8400 E PRENTICE AVENUE, SUITE 1360, GREENWOOD VILLAGE, CO, 80111 · 7208455700
Summary
Tandem Financial, LLC reported $314M in U.S.-listed holdings across 98 positions for Q1 2026.
Its largest position, Ishares Tr, represents 13.5% of the portfolio.
Compared with Q4 2025, the fund opened 54 new positions and exited 8.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 91.5% · $288M
- Common Stock · 7.7% · $24M
- Closed-End Fund · 0.4% · $1M
- ADR · 0.3% · $794,392
- REIT · 0.1% · $425,551
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NDQINVESCO QQQ TR | NEW | +51.0K | 51.0K | +$29M | $29M |
| VANGUARD BD INDEX FDS | NEW | +304.3K | 304.3K | +$23M | $23M |
| VANGUARD TAX-MANAGED FDS | NEW | +208.4K | 208.4K | +$13M | $13M |
| SCHWAB STRATEGIC TR | NEW | +328.7K | 328.7K | +$13M | $13M |
| J P MORGAN EXCHANGE TRADED F | NEW | +128.1K | 128.1K | +$8M | $8M |
| ISHARES TR | NEW | +80.8K | 80.8K | +$8M | $8M |
| VANECK ETF TRUST | NEW | +129.8K | 129.8K | +$7M | $7M |
| J P MORGAN EXCHANGE TRADED F | NEW | +108.2K | 108.2K | +$6M | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE S&P500 ETF · MRGSTR MD CP GRW · MORNINGSTAR VALU · RUS 1000 GRW ETF · RUS 1000 VAL ETF · RUSSELL 2000 ETF · US AER DEF ETF | 23.43% | $74M | 311.4K |
| 2 | VANGUARD BD INDEX FDS | INTERMED TERM | 7.47% | $23M | 304.3K |
| 3 | VANECK ETF TRUST | GOLD MINERS ETF · CLO ETF · PREFERRED SECURT | 7.44% | $23M | 364.4K |
| 4 | J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR · ACTIVE BOND ETF · MUNICIPAL ETF | 4.75% | $15M | 261.5K |
| 5 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 4.25% | $13M | 208.4K |
| 6 | SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 4.00% | $13M | 328.7K |
| 7 | DFAUDIMENSIONAL ETF TRUST | US CORE EQT MKT · INTL CORE EQUITY · US CORE EQUITY 2 · EMGR CRE EQT MNG · US HIGH PROFITAB | 3.87% | $12M | 315.0K |
| 8 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 3.81% | $12M | 20.8K |
| 9 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 3.62% | $11M | 17.5K |
| 10 | VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 2.13% | $7M | 120.7K |
| 11 | GOLDMAN SACHS ETF TR | NASDAQ-100 PREMI · S&P 500 PREMIUM | 2.08% | $7M | 131.1K |
| 12 | PWRQUANTA SVCS INChistory → | COM | 1.84% | $6M | 10.6K |
| 13 | AAAUGOLDMAN SACHS PHYSICAL GOLDhistory → | UNIT | 1.75% | $6M | 119.2K |
| 14 | INVESCO EXCH TRD SLF IDX FD | RAFI STRATGIC US | 1.63% | $5M | 88.6K |
| 15 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 1.56% | $5M | 101.9K |
| 16 | VUGVANGUARD INDEX FDS | SMALL CP ETF · GROWTH ETF | 1.40% | $4M | 15.0K |
| 17 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 1.38% | $4M | 10.1K |
| 18 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 1.06% | $3M | 61.6K |
| 19 | TCW ETF TRUST | FLEXIBLE INCOME | 0.97% | $3M | 77.7K |
| 20 | FIRST TR EXCHANGE-TRADED FD | FT VEST S&P 500 · NO AMER ENERGY | 0.91% | $3M | 61.5K |
| 21 | SPDR SERIES TRUST | STATE STREET SPD | 0.88% | $3M | 19.4K |
| 22 | MSFTMICROSOFT CORP | COM | 0.85% | $3M | 7.3K |
| 23 | SPROTT FDS TR | URANIUM MINERS E | 0.83% | $3M | 41.1K |
| 24 | 4I1PHILIP MORRIS INTL INC | COM | 0.76% | $2M | 14.2K |
| 25 | AAPLAPPLE INC | COM | 0.72% | $2M | 8.9K |
| 26 | MPMP MATERIALS CORP | COM CL A | 0.64% | $2M | 41.9K |
| 27 | ALPS ETF TR | ALERIAN MLP | 0.60% | $2M | 35.6K |
| 28 | VICTORY PORTFOLIOS II | CORE PLUS BD ETF | 0.58% | $2M | 83.7K |
| 29 | GOOGLALPHABET INC | CAP STK CL A | 0.40% | $1M | 4.4K |
| 30 | NUVEEN MUN VALUE FD INC | COM | 0.40% | $1M | 139.8K |
| 31 | GLOBAL X FDS | GLB X MLP ENRG I | 0.37% | $1M | 15.9K |
| 32 | TIDAL TRUST I | FUNDSTRAT GRANNY | 0.35% | $1M | 46.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $314M | 98 | May 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $83M | 49 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $269M | 89 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $107M | 50 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $92M | 50 | May 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $94M | 84 | Jan 28, 2025 | 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 ↗.