SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Tenzing Financial LLC

CIK 0002111360 · 1215 MT VERNON AVE, SUITE C, WILLIAMSBURG, VA, 23185 · (757) 703-0030

Reported Value
$123M
Q4 2025
Positions
68
Filings on Record
3
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Tenzing Financial LLC reported $123M in U.S.-listed holdings across 68 positions for Q4 2025.

Its largest position, J P Morgan Exchange Traded F, represents 13.5% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+59.7%
share of reported value
Largest Position
+13.5%
J P Morgan Exchange Traded F

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

13F Reported Value
Q4 ’25: $123MQ4 ’25Q1 ’26: $133MQ1 ’26Q2 ’26: $146MQ2 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 84.3%Common Stock: 15.2%ADR: 0.3%Closed-End Fund: 0.2%
  • ETP · 84.3% · $104M
  • Common Stock · 15.2% · $19M
  • ADR · 0.3% · $310,059
  • Closed-End Fund · 0.2% · $287,555

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
J P MORGAN EXCHANGE TRADED FNEW+291.1K291.1K+$17M$17M
ISHARES TRNEW+130.7K130.7K+$11M$11M
SPDR SERIES TRUSTNEW+328.9K328.9K+$8M$8M
SCHWAB STRATEGIC TRNEW+249.1K249.1K+$8M$8M
J P MORGAN EXCHANGE TRADED FNEW+113.3K113.3K+$7M$7M
ALPS ETF TRNEW+246.7K246.7K+$6M$6M
ALPS ETF TRNEW+121.4K121.4K+$5M$5M
ISHARES TRNEW+60.6K60.6K+$4M$4M

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

Holdings — Q4 2025

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1J P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · US QUALTY FCTR · MUNICIPAL ETF20.03%$25M421.6K
2ISHARES TRCORE MSCI INTL · CORE S&P MCP ETF · CORE S&P500 ETF · NATIONAL MUN ETF · CORE MSCI EAFE · EXPANDED TECH · CORE S&P SCP ETF18.79%$23M244.6K
3ALPS ETF TRSMITH CORE PLUS · INTL SEC DV DOG · INTER MUNI BD · ALERIAN ENERGY11.89%$15M492.7K
4SCHWAB STRATEGIC TRUS LCAP GR ETF · US DIVIDEND EQ · INTL EQTY ETF9.51%$12M382.6K
5SPDR SERIES TRUSTSTATE STREET SPD9.01%$11M439.1K
6AMERICAN CENTY ETF TRUS LARGE CAP VLU3.04%$4M49.4K
7VANGUARD INDEX FDSLARGE CAP ETF · MID CAP ETF · SMALL CP ETF2.48%$3M10.4K
8FRANKLIN TEMPLETON ETF TRHIGH YIELD CORP · FTSE CHINA · SENIOR LOAN ETF · FRANKLIN DYN MUN2.30%$3M117.7K
9XLUSELECT SECTOR SPDR TRhistory →STATE STREET UTI2.26%$3M65.2K
10AAPLAPPLE INChistory →COM2.10%$3M9.5K
11NVDANVIDIA CORPORATIONhistory →COM1.84%$2M12.2K
12MSFTMICROSOFT CORPhistory →COM1.82%$2M4.6K
13GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.81%$2M7.1K
14VANGUARD MUN BD FDSTAX EXEMPT BD1.11%$1M27.1K
15LLYELI LILLY & COhistory →COM1.09%$1M1.3K
16AMZNAMAZON COM INCCOM0.96%$1M5.1K
17JANUS DETROIT STR TRHENDERSON MTG0.95%$1M25.6K
18AVGOBROADCOM INCCOM0.75%$925,1852.7K
19SPDR S&P 500 ETF TRTR UNIT0.65%$802,4041.2K
20METAMETA PLATFORMS INCCL A0.65%$795,4741.2K
21ISHARES INCCORE MSCI EMKT0.63%$772,34611.5K
22TSLATESLA INCCOM0.55%$682,2251.5K
23JPMJPMORGAN CHASE & CO.COM0.53%$655,8722.0K
24VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF0.52%$645,2104.6K
25WMTWALMART INCCOM0.30%$374,6883.4K
26BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.30%$368,945734
27VVISA INCCOM CL A0.28%$339,570968
28MAMASTERCARD INCORPORATEDCL A0.25%$305,435535
29EXMOCEXXON MOBIL CORPCOM0.25%$305,4162.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$146M84Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$133M70Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$123M68Feb 13, 202613F-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 ↗.