A Closer Look at Tillar-Wenstrup Advisors, LLC Q4 2022 vs. Q1 2023 13F Holdings

Tillar-Wenstrup Advisors, LLC is a hedge fund that invests primarily in public equity markets in the United States. As of Q4 2022, the fund had a total value of $217,874,000 in assets under management. However, the 13F filings for Q1 2023 reveal a significant shift in the fund's overall holdings, with a total of 27 stocks being sold off in their entirety.

The fund completely liquidated their holdings in several popular ETFs such as iShares MSCI USA Min Vol (USMV), iShares MSCI USA Quality (QUAL), and iShares MSCI USA Momentum (MTUM). In addition, they sold off their entire positions in Invesco FTSE RAFI US 1000 (PRF), and iShares Core Dividend Growth (DGRO), among others.

While it’s not clear why Tillar-Wenstrup Advisors, LLC decided to liquidate these positions entirely, they did purchase seven new stocks in Q1 2023 that make up a total value of $653,000. These new holdings include Scotts Miracle-Gro Company (SMG), New Gold Inc. (NGD), Insteel Industries Inc (IIIN), and others.

The fund’s largest holdings are now in the Vanguard Anti-Fossil Fuel ETF (EUMV), Vanguard Small Cap Value (VBR), and SPDR Portfolio Total Stock Market (SPTM). Of these, the Vanguard Anti-Fossil Fuel ETF makes up the largest investment, comprising 8.47% of the portfolio.

In summary, Tillar-Wenstrup Advisors, LLC has made a significant shift in their overall holdings in Q1 2023. Although the reasons for the sell-off are unclear, it’s worth noting that the fund has purchased new holdings in the same period. Investors may want to pay close attention to how the fund is positioning itself moving forward.