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
51	51 Consolidated Edison ED $36.4B	$8.09M	0.51%	73,129 +6,097	+9%	+$674K
52	52 iShares Core S&P Mid-Cap ETF IJH $97.2B	$8.07M	0.5%	138,346 +5,278	+4%	+$308K
53	53 Paychex PAYX $51.7B	$8.05M	0.5%	52,205 +3,285	+7%	+$507K
54	54 Duke Energy DUK $92B	$8.02M	0.5%	65,780 +4,583	+7%	+$559K
55	55 Hasbro HAS $10.9B	$7.96M	0.5%	129,429 +14,452	+13%	+$889K
56	56 AutoZone AZO $62.1B	$7.82M	0.49%	2,051 +134	+7%	+$511K
57	57 Clean Harbors CLH $12.2B	$7.63M	0.48%	38,695 -24	-0.1%	-$4.73K
58	58 iShares Core S&P Small-Cap ETF IJR $81.2B	$7.56M	0.47%	72,267 +2,724	+4%	+$285K
59	59 PepsiCo PEP $196B	$7.55M	0.47%	50,320 +5,382	+12%	+$807K
60	60 SPDR Bloomberg Barclays International Treasury Bond ETF BWX $1.51B	$7.5M	0.47%	343,025 +113,500	+49%	+$2.48M
61	61 Progressive PGR $144B	$7.31M	0.46%	25,840 -10,844	-30%	-$3.07M
62	62 H&R Block HRB $7.42B	$7.28M	0.45%	132,524 +11,716	+10%	+$643K
63	SGI 63 Somnigroup International Inc. SGI $15.3B	$7.23M	0.45%	120,803 +28,559	+31%	+$1.71M
64	64 Merck MRK $201B	$7.23M	0.45%	80,532 +7,486	+10%	+$672K
65	65 RB Global RBA $20.4B	$7.1M	0.44%	70,833 -2,143	-3%	-$215K
66	66 Pinnacle Financial Partners PNFP $9.07B	$7.03M	0.44%	66,301 +11,467	+21%	+$1.22M
67	67 Apple AAPL $3.15T	$6.89M	0.43%	31,027 +1,746	+6%	+$388K
68	68 MSC Industrial Direct MSM $4.87B	$6.31M	0.39%	81,180 +8,480	+12%	+$659K
69	69 Pfizer PFE $139B	$6.2M	0.39%	244,619 +20,933	+9%	+$530K
70	70 Masco MAS $13.8B	$5.91M	0.37%	84,961 -911	-1%	-$63.4K
71	71 Western Midstream Partners WES $15.4B	$5.7M	0.36%	139,207 +2,929	+2%	+$120K
72	72 Ciena CIEN $12B	$5.53M	0.35%	91,547 +17,709	+24%	+$1.07M
73	73 Graphic Packaging GPK $6.77B	$5.35M	0.33%	206,179 -27,740	-12%	-$720K
74	BERY 74 DELISTED Berry Global Group, Inc. BERY	$5.3M	0.33%	75,927 -1,664	-2%	-$116K
75	75 Microsoft MSFT $3.79T	$4.88M	0.31%	13,000 +312	+2%	+$117K