Tectonic Advisors Portfolio holdings

AUM $1.6B

This Quarter Return

+1.55%

1 Year Return

+6.52%

3 Year Return

+15.13%

5 Year Return

–

10 Year Return

–

AUM

$1.6B

AUM Growth

+$70.5M (+5%)

Cap. Flow

+$56.7M

Cap. Flow % of AUM

3.55%

Top 10 Holdings %Top 10 Hldgs %

46.1%

Holding

328

New

Increased

207

Reduced

Closed

Top Buys

1	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$10.6M
2	Vanguard FTSE Developed Markets ETF VEA	$2.98M
3	iShares Core US Aggregate Bond ETF AGG	$2.54M
4	Kirby Corp KEX	$2.53M
5	iShares Core International Aggregate Bond Fund IAGG	$2.49M

Top Sells

1	PPG Industries PPG	$5.84M
2	American Homes 4 Rent AMH	$4.87M
3	Progressive PGR	$3.07M
4	Agnico Eagle Mines AEM	$1.34M
5	Sleep Number SNBR	$1.04M

Sector Composition

1	Financials	6.73%
2	Energy	6.26%
3	Technology	5.3%
4	Consumer Discretionary	4.55%
5	Industrials	3.54%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Main Street Capital MAIN $5.73B	$11M	0.69%	193,731 +8,065	+4%	+$456K
27	27 Cisco CSCO $269B	$10.9M	0.68%	177,425 -3,736	-2%	-$231K
28	28 Vista Energy VIST $4.7B	$10.9M	0.68%	233,976 -19,000	-8%	-$885K
29	29 Verizon VZ $172B	$10.8M	0.68%	238,901 +15,103	+7%	+$685K
30	30 Altria Group MO $97.7B	$10.5M	0.65%	174,467 +11,110	+7%	+$667K
31	31 iShares Core MSCI EAFE ETF IEFA $141B	$10.4M	0.65%	137,828 +4,600	+3%	+$348K
32	32 Ares Capital ARCC $16.1B	$10.4M	0.65%	467,953 +32,733	+8%	+$725K
33	33 LKQ Corp LKQ $9.58B	$10.3M	0.65%	242,856 -6,105	-2%	-$260K
34	34 NNN REIT NNN $8.03B	$10.3M	0.64%	241,054 +25,306	+12%	+$1.08M
35	35 Energy Transfer Partners ET $60B	$10.2M	0.64%	550,711 +23,363	+4%	+$434K
36	36 Hercules Capital HTGC $3.39B	$10.2M	0.64%	531,792 +37,984	+8%	+$730K
37	37 Iron Mountain IRM $29.4B	$9.98M	0.62%	115,997 +15,790	+16%	+$1.36M
38	38 Capital Southwest CSWC $1.28B	$9.83M	0.61%	440,473 +42,465	+11%	+$948K
39	39 Blue Owl Capital OBDC $7.71B	$9.82M	0.61%	670,113 +60,232	+10%	+$883K
40	40 AbbVie ABBV $334B	$9.3M	0.58%	44,404 +2,386	+6%	+$500K
41	41 Gilead Sciences GILD $135B	$9.16M	0.57%	81,785 +499	+0.6%	+$55.9K
42	42 Broadcom AVGO $1.33T	$8.98M	0.56%	53,654 +1,562	+3%	+$262K
43	43 Coca-Cola KO $301B	$8.78M	0.55%	122,610 +7,508	+7%	+$538K
44	44 Kirby Corp KEX $6.5B	$8.6M	0.54%	85,188 +25,000	+42%	+$2.53M
45	45 Procter & Gamble PG $364B	$8.58M	0.54%	50,353 +3,296	+7%	+$562K
46	46 VICI Properties VICI $34.8B	$8.49M	0.53%	260,313 +23,063	+10%	+$752K
47	47 CRH CRH $63.3B	$8.4M	0.53%	95,534 +4,690	+5%	+$413K
48	48 Realty Income O $51B	$8.2M	0.51%	141,378 +13,068	+10%	+$758K
49	49 Healthpeak Properties DOC $12.7B	$8.19M	0.51%	405,188 +36,794	+10%	+$744K
50	50 iShares Core International Aggregate Bond Fund IAGG $10.5B	$8.16M	0.51%	163,308 +49,900	+44%	+$2.49M