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
151	151 RXO RXO $2.65B	$1.06M	0.07%	55,755 +11,043	+25%	+$211K
152	152 Nuveen AMT-Free Quality Municipal Income Fund NEA $3.2B	$1.05M	0.07%	93,967 +1,180	+1%	+$13.2K
153	153 Xcel Energy XEL $40.6B	$1.05M	0.07%	14,841 +594	+4%	+$42K
154	154 Tyson Foods TSN $19B	$1.05M	0.07%	16,400 +269	+2%	+$17.2K
155	155 Hanover Insurance THG $5.94B	$1.04M	0.07%	5,975 +2,417	+68%	+$420K
156	156 Netflix NFLX $515B	$1.04M	0.06%	1,113 -474	-30%	-$442K
157	157 Cinemark Holdings CNK $3.48B	$1.04M	0.06%	41,645 +13,924	+50%	+$347K
158	158 Chord Energy CHRD $6.15B	$1.02M	0.06%	9,081 +638	+8%	+$71.9K
159	159 Aviat Networks AVNW $301M	$1.02M	0.06%	53,170 -4,502	-8%	-$86.3K
160	160 Keurig Dr Pepper KDP $45.6B	$1.02M	0.06%	29,718 +3,214	+12%	+$110K
161	161 Group 1 Automotive GPI $5.32B	$1.01M	0.06%	2,636 +1,398	+113%	+$534K
162	162 Union Pacific UNP $134B	$1.01M	0.06%	4,260 +207	+5%	+$48.9K
163	163 International Flavors & Fragrances IFF $19.4B	$1M	0.06%	12,905 -455	-3%	-$35.3K
164	164 CVS Health CVS $78.4B	$994K	0.06%	14,678 +181	+1%	+$12.3K
165	165 Navigator Holdings NVGS $1.09B	$980K	0.06%	73,649 +6,476	+10%	+$86.2K
166	166 Stratus Properties STRS $146M	$964K	0.06%	54,325 +8,609	+19%	+$153K
167	167 NOV NOV $4.85B	$955K	0.06%	62,718	–	–
168	168 Wabtec WAB $36.3B	$940K	0.06%	5,185 -370	-7%	-$67.1K
169	169 Zoetis ZTS $66.2B	$932K	0.06%	5,660 +1,151	+26%	+$190K
170	170 Nuveen AMT-Free Municipal Credit Income Fund NVG $2.47B	$908K	0.06%	73,310 +898	+1%	+$11.1K
171	171 EOG Resources EOG $64.2B	$886K	0.06%	6,907 -279	-4%	-$35.8K
172	172 Marten Transport MRTN $1.04B	$880K	0.06%	64,148 +13,981	+28%	+$192K
173	173 Cummins CMI $48.3B	$877K	0.05%	2,797 -258	-8%	-$80.9K
174	174 McKesson MCK $88.7B	$858K	0.05%	1,275 -218	-15%	-$147K
175	175 Blue Bird Corp BLBD $1.35B	$853K	0.05%	26,357 +7,110	+37%	+$230K