Q4 2025 · 13F-HR
Tandem Financial, LLCholdings as filed
Filed 2026-02-10 · accession 0001420506-26-000250
$83.4M
Reported value
49
Positions
2025-12-31
Period end
The Brief · Tandem Financial, LLC · Q4 2025
AI · grounded in 13F
Tandem Financial, LLC closed its position in BIV, reducing exposure by $21.4M. The fund also exited positions in FNDE and QQQ, totaling losses of $10.2M and $9.8M respectively. To offset these exits, the fund established new positions in CXW for $1.3M and URA for $1.3M. Additionally, the fund increased its holdings in VBK by 309.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 92206C847 | VGLT | VANGUARD SCOTTSDALE FDS | $8.5M | 10.2% | 153,416 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $7.6M | 9.07% | 223,196 | Common | SOLE |
| 464287614 | IWF | ISHARES TR | $7.5M | 8.95% | 18,588 | Common | SOLE |
| 464287598 | IWD | ISHARES TR | $6.8M | 8.17% | 36,825 | Common | SOLE |
| 33739Q705 | KNG | FIRST TR EXCHANGE-TRADED FD | $6.7M | 8.00% | 132,836 | Common | SOLE |
| 464288307 | IMCG | ISHARES TR | $4.9M | 5.92% | 65,401 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $4.7M | 5.62% | 7,975 | Common | SOLE |
| 922908595 | VBK | VANGUARD INDEX FDS | $3.6M | 4.32% | 12,867 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $2.5M | 2.98% | 10,267 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $2.2M | 2.60% | 17,838 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $2.2M | 2.58% | 8,608 | Common | SOLE |
| 464288760 | ITA | ISHARES TR | $2.1M | 2.56% | 14,712 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $2.1M | 2.55% | 5,037 | Common | SOLE |
| 29287L700 | FLXR | TCW ETF TRUST | $1.6M | 1.91% | 41,234 | Common | SOLE |
| 85208P303 | URNM | SPROTT FDS TR | $1.4M | 1.70% | 35,147 | Common | SOLE |
| 21871N101 | CXW | CORECIVIC INC | $1.3M | 1.60% | 61,523 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $1.3M | 1.56% | 47,373 | Common | SOLE |
| 670928100 | NUV | NUVEEN MUN VALUE FD INC | $1.1M | 1.32% | 128,097 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $1.0M | 1.22% | 4,608 | Common | SOLE |
| 78464A599 | XSW | SPDR SERIES TRUST | $1.0M | 1.20% | 5,309 | Common | SOLE |
| 33738D101 | EMLP | FIRST TR EXCHANGE-TRADED FD | $910,430 | 1.09% | 25,538 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $839,177 | 1.01% | 12,253 | Common | SOLE |
| 46641Q332 | JEPI | J P MORGAN EXCHANGE TRADED F | $756,730 | 0.91% | 13,064 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $752,468 | 0.90% | 3,975 | Common | SOLE |
| 46654Q203 | JEPQ | J P MORGAN EXCHANGE TRADED F | $728,693 | 0.87% | 12,821 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $689,115 | 0.83% | 44,174 | Common | SOLE |
| 02209S103 | MO | ALTRIA GROUP INC | $686,847 | 0.82% | 12,884 | Common | NONE |
| 00162Q452 | AMLP | ALPS ETF TR | $643,563 | 0.77% | 13,363 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $603,124 | 0.72% | 3,167 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $595,308 | 0.71% | 4,433 | Common | SOLE |
| 92189F429 | PFXF | VANECK ETF TRUST | $559,297 | 0.67% | 32,423 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $532,231 | 0.64% | 12,085 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $422,037 | 0.51% | 3,923 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $413,601 | 0.50% | 2,482 | Common | SOLE |
| 423452101 | HP | HELMERICH & PAYNE INC | $412,959 | 0.50% | 12,897 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $408,943 | 0.49% | 1,864 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $350,738 | 0.42% | 5,078 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $333,467 | 0.40% | 3,100 | CALL | NONE |
| 035710839 | NLY | ANNALY CAPITAL MANAGEMENT IN | $326,964 | 0.39% | 17,254 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $274,129 | 0.33% | 3,139 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $274,112 | 0.33% | 3,200 | CALL | NONE |
| 767204100 | RIO | RIO TINTO PLC | $267,116 | 0.32% | 4,542 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $255,754 | 0.31% | 2,177 | Common | NONE |
| 651639106 | NEM | NEWMONT CORP | $228,494 | 0.27% | 6,139 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $220,167 | 0.26% | 374 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $215,762 | 0.26% | 476 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $204,379 | 0.25% | 1,411 | Common | SOLE |
| 78440P306 | SKM | SK TELECOM CO LTD | $204,341 | 0.24% | 9,712 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $201,673 | 0.24% | 220 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.