TECTONIC ADVISORS LLC

CIK 0001859918 · Q2 2026

13F Equity AUM

$2.1B

+10.0% QoQ

Positions

289

+22 QoQ

AUM Rank

#2,283

Top 18%

Skill Alpha (FF)

-3.1%/yr^ns

No Clear Edge

Rank #6,931 · Top 83%

vs S&P -5.2%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 29.3%Top 10: 42.0%Top 20: 53.5%

VOO7.6%

BOND7.4%

IVV5.2%

TOTL5.0%

SPYM4.1%

GQGU3.7%

VEA2.8%

BND2.2%

TLCI2.2%

AGG1.8%

Others (279)58.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services63.7%

Industrials5.6%

Technology5.6%

Energy4.9%

Real Estate4.1%

Healthcare3.8%

Consumer Cyclical3.6%

Consumer Defensive2.9%

Other5.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 289Median: 0.07%Avg: 0.35%

0–0.5%

228(18.6%)

0.5–1%

45(31.6%)

1–3%

10(16.8%)

3–5%

2(7.7%)

5%+

4(25.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 289vs 20 funds

0%Low

289

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New39Increased163Decreased84Exited17

New Positions

CWEN0.8%

+503K

CSWC0.4%

+355K

MAIN0.4%

+145K

POOL0.3%

+33K

THC0.1%

+11K

PATK0.1%

+19K

PSMT0.1%

+8K

MAR0.1%

+4K

SAIA0.1%

+3K

ACA0.1%

+9K

Increased

VO1.4%

+271K(+321%)

TSLX0.7%

+117K(+16%)

HTGC0.8%

+113K(+13%)

TOTL5.0%

+106K(+4%)

SSNC0.3%

+99K(+1007%)

ARCC0.8%

+97K(+13%)

GQGU3.7%

+86K(+3%)

T0.6%

+65K(+12%)

FLXR1.4%

+65K(+9%)

VICI0.6%

+50K(+12%)

Decreased

OBDC0.0%

-1,183,756(-98%)

LKQ10.3%

-133,195(-40%)

MXL0.1%

-63,610(-78%)

BANC0.1%

-45,918(-27%)

USFR0.5%

-30,274(-12%)

HVT0.1%

-25,309(-29%)

BWB0.1%

-24,820(-25%)

CTRN0.1%

-23,561(-48%)

GEG0.1%

-21,103(-21%)

GBIL0.2%

-19,765(-31%)

Exited

-496,997

-188,404

-90,808

-98,277

-60,197

-113,904

-25,445

-21,646

-9,643

-20,880

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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