Tillar-Wenstrup Advisors, LLC

CIK

1585045

Location

CENTERVILLE, OH

Portfolio Value

Small $172,038,086

Diversification

Highly concentrated

Filing Date

Global Rank

#4,648 / 7,091 ▼ 103 · as of Dec 2022

Top Industry

Insurance - Property & Casualty 21.4%

Period ended 3 years ago

Filed Jan 24, 2023 · 3y

12 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.

Style

Concentrated

The top 10 positions are 95.9% of the book (60%+)

Turnover

Medium turnover

36.0% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 9.0 quarters, but 39.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 88.4%; sector active share 79.9% against the combined 13F book's sector weights.

Over time 12 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

37 tracked positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

53.6%

+6.2 pts

Top 5

89.2%

+1.8 pts

Top 10

95.9%

+0.5 pts

HHI

3,387

Highly concentrated+540

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Unclassified	92.8%	$159,708,730	23
Financial Services	2.4%	$4,182,494	2
Technology	2.0%	$3,357,808	3
Consumer Defensive	1.0%	$1,691,310	3
Industrials	0.7%	$1,173,865	2
Consumer Cyclical	0.6%	$1,111,201	3
Communication Services	0.5%	$812,678	1

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
DGRO	iShares Core Dividend Growth ETF	+101,291	229,858	$11,492,900
TFLO	iShares Treasury Floating Rate Bond ETF	+55,487	256,808	$12,945,691
QUAL	iShares MSCI USA Quality Factor ETF	+18,317	165,511	$18,861,633
—		+14,094	16,087	$2,181,879
MTUM	iShares MSCI USA Momentum Factor ETF	+11,625	98,611	$14,390,303
VFMO	VANGUARD U.S. MOMENTUM FACTOR ETF	+9,816	13,293	$1,516,199
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	+8,576	33,692	$5,350,289
FLOT	iShares Floating Rate Bond ETF	+2,088	223,025	$11,224,848
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	+1,010	364,568	$11,079,221
VOE	VANGUARD MID-CAP VALUE INDEX FUND	+767	36,111	$4,883,651
ESGD	iShares ESG Aware MSCI EAFE ETF	+405	9,631	$633,141
MSFT	Microsoft Corp	+284	5,835	$1,399,349
PG	PROCTER & GAMBLE Co	+150	4,820	$730,519
PEP	Pepsico Inc	+150	3,226	$582,809
COST	Costco Wholesale Corp	+103	828	$377,982
MCD	Mcdonalds Corp	+103	1,203	$317,026
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−42,961	187,744	$8,878,413
USMV	iShares MSCI USA Min Vol Factor ETF	−37,309	274,670	$19,803,707
VUG	VANGUARD GROWTH INDEX FUND	−16,558	9,684	$2,063,755
VTV	VANGUARD VALUE INDEX FUND	−4,020	81,177	$11,394,815
VFVA	VANGUARD U.S. VALUE FACTOR ETF	−3,356	33,483	$3,303,767
PRF	Victory Portfolios II	−2,806	80,333	$12,464
VEA	Vanguard FTSE Developed Markets ETF	−1,757	84,117	$3,530,390
AMZN	Amazon Com Inc	−1,617	5,146	$432,264
GOOG	Alphabet Inc.	−597	9,159	$812,678
VO	VANGUARD MID-CAP INDEX FUND	−535	24,562	$5,005,981
VB	Vanguard Index Funds	−519	20,293	$3,724,577
BRK-B	Berkshire Hathaway Inc	−272	5,011	$1,547,897
VEU	Vanguard International Equity Index Funds	−269	79,688	$3,995,556
AAPL	Apple Inc.	−250	12,828	$1,666,742
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
IJH	iShares Core S&P Mid-Cap ETF	11,793	$2,852,608
SCHD	Schwab U.S. Dividend Equity ETF	7,717	$582,942
NKE	NIKE, Inc.	3,093	$361,911
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	117,792	$8,365,587
EFAV	iShares MSCI EAFE Min Vol Factor ETF	41,548	$2,368,651
IJR	iShares Core S&P Small-Cap ETF	2,300	$200,537
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 tracked positions · $172,038,086 total · filing declares 44 positions · $207,026 · as of Dec 31, 2022

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
USMV	iShares MSCI USA Min Vol Factor ETF	Reduced	274,670	-37,309	$19,803,707	−4.0%	12+	before history	11.51%
QUAL	iShares MSCI USA Quality Factor ETF	Added	165,511	+18,317	$18,861,633	+23.3%	12+	before history	10.96%
MTUM	iShares MSCI USA Momentum Factor ETF	Added	98,611	+11,625	$14,390,303	+26.1%	12+	before history	8.36%
TFLO	iShares Treasury Floating Rate Bond ETF	Added	256,808	+55,487	$12,945,691	+27.3%	2	unpriced	7.52%
DGRO	iShares Core Dividend Growth ETF	Added	229,858	+101,291	$11,492,900	+101.0%	11	unpriced	6.68%
VTV	VANGUARD VALUE INDEX FUND	Reduced	81,177	-4,020	$11,394,815	+8.3%	11	unpriced	6.62%
FLOT	iShares Floating Rate Bond ETF	Added	223,025	+2,088	$11,224,848	+1.1%	3	unpriced	6.52%
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	Added	364,568	+1,010	$11,079,221	+0.6%	11	unpriced	6.44%
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	Reduced	187,744	-42,961	$8,878,413	−12.8%	11	unpriced	5.16%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	33,692	+8,576	$5,350,289	+48.6%	4	unpriced	3.11%
VO	VANGUARD MID-CAP INDEX FUND	Reduced	24,562	-535	$5,005,981	+6.1%	12+	before history	2.91%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Added	36,111	+767	$4,883,651	+13.5%	4	unpriced	2.84%
VEU	Vanguard International Equity Index Funds	Reduced	79,688	-269	$3,995,556	+12.6%	12+	before history	2.32%
VB	Vanguard Index Funds	Reduced	20,293	-519	$3,724,577	+4.7%	12+	before history	2.16%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	84,117	-1,757	$3,530,390	+13.1%	4	$43.02	2.05%
VFVA	VANGUARD U.S. VALUE FACTOR ETF	Reduced	33,483	-3,356	$3,303,767	+3.3%	4	$105.32	1.92%
IJH	iShares Core S&P Mid-Cap ETF	NEW	11,793	NEW	$2,852,608	NEW	1	unpriced	1.66%
CINF	Cincinnati Financial Corp Financial Services	Held	25,731	0	$2,634,597	+14.3%	11	$78.15	1.53%
		Added	16,087	+14,094	$2,181,879	+787.2%	2	$133.40	1.27%
VUG	VANGUARD GROWTH INDEX FUND	Reduced	9,684	-16,558	$2,063,755	−63.2%	12+	before history	1.20%
AAPL	Apple Inc. Technology	Reduced	12,828	-250	$1,666,742	−7.8%	11	unpriced	0.97%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	5,011	-272	$1,547,897	+9.7%	9	$238.42	0.90%
VFMO	VANGUARD U.S. MOMENTUM FACTOR ETF	Added	13,293	+9,816	$1,516,199	+312.3%	7	$118.97	0.88%
MSFT	Microsoft Corp Technology	Added	5,835	+284	$1,399,349	+8.2%	11	$227.08	0.81%
GOOG	Alphabet Inc. Communication Services	Reduced	9,159	-597	$812,678	−13.4%	9	unpriced	0.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	4,820	+150	$730,519	+23.9%	11	$138.15	0.42%
UNP	Union Pacific Corp Industrials	Held	3,142	0	$650,613	+6.3%	5	$236.86	0.38%
ESGD	iShares ESG Aware MSCI EAFE ETF	Added	9,631	+405	$633,141	+22.3%	11	unpriced	0.37%
SCHD	Schwab U.S. Dividend Equity ETF	NEW	7,717	NEW	$582,942	NEW	1	unpriced	0.34%
PEP	Pepsico Inc Consumer Defensive	Added	3,226	+150	$582,809	+16.1%	5	$164.04	0.34%
CSX	Csx Corp Industrials	Held	16,890	0	$523,252	+16.3%	12+	before history	0.30%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	5,146	-1,617	$432,264	−43.4%	11	unpriced	0.25%
COST	Costco Wholesale Corp Consumer Defensive	Added	828	+103	$377,982	+10.4%	5	$509.25	0.22%
NKE	NIKE, Inc. Consumer Cyclical	NEW	3,093	NEW	$361,911	NEW	1	$100.69	0.21%
MCD	Mcdonalds Corp Consumer Cyclical	Added	1,203	+103	$317,026	+24.9%	5	$253.45	0.18%
BAND	Bandwidth Inc. Technology	Held	12,711	0	$291,717	+92.9%	12+	before history	0.17%
PRF	Victory Portfolios II	Reduced	80,333	-2,806	$12,464	−99.5%	11	unpriced	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.