1y return+19.0%S&P 500 +20.9%
3y return+55.2%S&P 500 +68.5%
5y return+54.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $246 against $299 in the S&P 500.2
Tennessee Valley Asset Management PartnersS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYMSpdr Series Trust | $160.5M | 17.7% | +1.3% |
| IUSGIshares Tr | $61.9M | 6.8% | |
| DYNFBlackrock Etf Trust | $54.8M | 6.0% | +2.1% |
| VTIVanguard Index Fds | $49.9M | 5.5% | |
| SPYVSpdr Series Trust | $46.5M | 5.1% | +1.9% |
| SPTLSpdr Series Trust | $45.0M | 5.0% | +3.6% |
| IEFAIshares Tr | $34.2M | 3.8% | +2.6% |
| BAIBlackrock Etf Trust | $33.7M | 3.7% | |
| SPDWSpdr Index Shs Fds | $24.3M | 2.7% | +4.3% |
| BRK/BBerkshire Hathaway Inc Del | $21.9M | 2.4% | −1.7% |
| SPABSpdr Series Trust | $17.7M | 2.0% | +7.4% |
| QQQInvesco Qqq Tr | $15.3M | 1.7% | +1.2% |
| QUALIshares Tr | $12.4M | 1.4% | |
| IEFIshares Tr | $10.2M | 1.1% | +38.1% |
| SHLDGlobal X Fds | $9.9M | 1.1% | +8.5% |
| AAPLApple Inc | $8.9M | 1.0% | +24.9% |
| SCHRSchwab Strategic Tr | $8.2M | 0.9% | +1.1% |
| QQQMInvesco Exch Traded Fd Tr II | $7.9M | 0.9% | +19.2% |
| Dimensional Etf TrustCUSIP 25434V708 | $7.3M | 0.8% | New |
| VEUVanguard Intl Equity Index F | $7.2M | 0.8% | |
| VLUEIshares Tr | $7.2M | 0.8% | +2.8% |
| VIGVanguard Specialized Funds | $7.1M | 0.8% | |
| MUMicron Technology Inc | $6.7M | 0.7% | +457.1% |
| NVDANvidia Corporation | $6.5M | 0.7% | +4.9% |
| GTOInvesco Actively Managed Exc | $6.4M | 0.7% | +5.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc | September 30, 2021 | +678.9% | $5.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $8.9M |
| DELLDell Technologies Inc | September 30, 2025 | +204.3% | $4.0M |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $15.3M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $21.9M |
| GOOGAlphabet Inc | September 30, 2021 | +165.1% | $4.3M |
| ABBVAbbvie Inc | June 30, 2020 | +156.3% | $6.0M |
| VONGVanguard Scottsdale Fds | September 30, 2022 | +135.8% | $4.5M |
| VTHRVanguard Scottsdale Fds | September 30, 2022 | +105.7% | $4.2M |
| VIGVanguard Specialized Funds | June 30, 2020 | +101.9% | $7.1M |
Sold off last quarter
- SCHBSchwab Strategic Tr was $605K
- UPSUnited Parcel Svcs Inc was $320K
- BABAAlibaba Group Hldg Ltd was $284K
- OTFBlue Owl Technology Fin Corp was $268K
- SLVIshares Silver Tr was $251K
- SMBKSmartfinancial Inc was $245K
- QLTAIshares Tr was $231K
- CVXChevron Corporation was $209K
- PDOPimco Dynamic Income Oprnts was $204K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.8% | +14.8% |
| March 31, 2026 | −3.0% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +7.9% | +10.5% |
| March 31, 2025 | −2.1% | −4.6% |
| December 31, 2024 | −0.3% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +2.5% | +4.0% |
| March 31, 2024 | +8.1% | +10.0% |
| December 31, 2023 | +10.0% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +5.9% | +8.3% |
| March 31, 2023 | +5.4% | +7.0% |
| December 31, 2022 | +8.3% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −15.3% | −16.5% |
| March 31, 2022 | −3.8% | −4.9% |
| December 31, 2021 | +8.0% | +10.7% |
| September 30, 2021 | −0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Tennessee Valley Asset Management Partners Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1826790&type=13F-HR&dateb=&owner=include&count=40CIK 1826790
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1826790/000182679026000003/Filed August 10, 2026 · accession 0001826790-26-000003