# EDGAR Filing Document

**Accession Number:** 0001964820
**File Stem:** 0001964820-25-000007
**Filing Date:** 2025-10
**Character Count:** 12460
**Document Hash:** 25eb9856c8571b648e8188d9cccc6cb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001964820-25-000007.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001964820-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**EFFECTIVENESS DATE**: 20251022

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tilson Financial Group, Inc.
- **CENTRAL INDEX KEY:** 0001964820

**ORGANIZATION NAME:**
- **EIN:** 223323780
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22818
- **FILM NUMBER:** 251409863

**BUSINESS ADDRESS:**
- **STREET 1:** 98 FLORAL AVENUE
- **STREET 2:** SUITE 103
- **CITY:** NEW PROVIDENCE
- **STATE:** NJ
- **ZIP:** 07974
- **BUSINESS PHONE:** 908-561-6203

**MAIL ADDRESS:**
- **STREET 1:** 98 FLORAL AVENUE
- **STREET 2:** SUITE 103
- **CITY:** NEW PROVIDENCE
- **STATE:** NJ
- **ZIP:** 07974

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Tilson Financial Group Inc.<br>**Address:** 98 FLORAL AVENUE<br>SUITE 103<br>NEW PROVIDENCE, NJ 07974

**Form 13F File Number:** 028-22818

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ashleigh Swayze<br>**Title:** Counsel<br>**Phone:** 6463953900

**Signature, Place, and Date of Signing:**

/s/Ashleigh Swayze  Princeton, NJ  10-22-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 77

**Form 13F Information Table Value Total:** $304317634

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 1939879 | 7618 | SH |  | SOLE |  | 7618 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 609769 | 11820 | SH |  | SOLE |  | 11820 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 421435 | 2252 | SH |  | SOLE |  | 2252 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 290654 | 6445 | SH |  | SOLE |  | 6445 | 0 | 0 |
| CONNECTONE BANCORP INC | COM | 20786W107 | BBG001S6YLR0 | 724790 | 29214 | SH |  | SOLE |  | 29214 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 | BBG017159MD8 | 8125526 | 253368 | SH |  | SOLE |  | 253368 | 0 | 0 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 | BBG01BN60P09 | 5710894 | 209114 | SH |  | SOLE |  | 209114 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 | BBG012G21Y06 | 4424851 | 95942 | SH |  | SOLE |  | 95942 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 | BBG01631TNW2 | 6169745 | 188159 | SH |  | SOLE |  | 188159 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 | BBG01633DW64 | 4444812 | 140525 | SH |  | SOLE |  | 140525 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US LARGE CAP VAL | 25434V666 | BBG01BN5Z188 | 24279354 | 737974 | SH |  | SOLE |  | 737974 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 | BBG011DXXVM0 | 20158349 | 294454 | SH |  | SOLE |  | 294454 | 0 | 0 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 | BBG01J9W24S6 | 385582 | 5366 | SH |  | SOLE |  | 5366 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 3954160 | 35070 | SH |  | SOLE |  | 35070 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 | BBG001S8DV79 | 347214 | 1006 | SH |  | SOLE |  | 1006 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | RAFI US 1000 ETF | 46137V613 | BBG001S6H5N8 | 248250 | 5491 | SH |  | SOLE |  | 5491 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 277996 | 463 | SH |  | SOLE |  | 463 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 3252369 | 27370 | SH |  | SOLE |  | 27370 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 1002682 | 1498 | SH |  | SOLE |  | 1498 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 681062 | 6794 | SH |  | SOLE |  | 6794 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 | BBG001SYVWS7 | 1036081 | 13505 | SH |  | SOLE |  | 13505 | 0 | 0 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 | BBG001SRYH02 | 251648 | 1998 | SH |  | SOLE |  | 1998 | 0 | 0 |
| ISHARES TR | MICRO-CAP ETF | 464288869 | BBG001SP7X10 | 278207 | 1866 | SH |  | SOLE |  | 1866 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 608891 | 6521 | SH |  | SOLE |  | 6521 | 0 | 0 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | BBG001SZV978 | 7278052 | 68345 | SH |  | SOLE |  | 68345 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | BBG001S56320 | 3218066 | 6870 | SH |  | SOLE |  | 6870 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 206878 | 1016 | SH |  | SOLE |  | 1016 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 751073 | 3104 | SH |  | SOLE |  | 3104 | 0 | 0 |
| ISHARES TR | S 500 GRWT ETF | 464287309 | BBG001S561Q8 | 9984444 | 82707 | SH |  | SOLE |  | 82707 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 | BBG001S561K4 | 5667750 | 27445 | SH |  | SOLE |  | 27445 | 0 | 0 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 | BBG001SLS4Q3 | 606613 | 5681 | SH |  | SOLE |  | 5681 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 | BBG001SFB7Z7 | 460985 | 2354 | SH |  | SOLE |  | 2354 | 0 | 0 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 | BBG005PCDCZ5 | 586945 | 11565 | SH |  | SOLE |  | 11565 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 312984 | 1688 | SH |  | SOLE |  | 1688 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 1064428 | 3375 | SH |  | SOLE |  | 3375 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG001S5SW40 | 332742 | 2485 | SH |  | SOLE |  | 2485 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 748493 | 2463 | SH |  | SOLE |  | 2463 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 244824 | 2917 | SH |  | SOLE |  | 2917 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 312646 | 426 | SH |  | SOLE |  | 426 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1455565 | 2810 | SH |  | SOLE |  | 2810 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHOR | 61774R825 | BBG01N52CZX1 | 14795946 | 287831 | SH |  | SOLE |  | 287831 | 0 | 0 |
| MORGAN STANLEY ETF TRUST | EATON VANCE SHRT | 61774R858 | BBG01LTGT129 | 8591309 | 170344 | SH |  | SOLE |  | 170344 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 333984 | 1790 | SH |  | SOLE |  | 1790 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG001S5SJG6 | 966059 | 3435 | SH |  | SOLE |  | 3435 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 292609 | 1804 | SH |  | SOLE |  | 1804 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 229176 | 1492 | SH |  | SOLE |  | 1492 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 1211450 | 14515 | SH |  | SOLE |  | 14515 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 | BBG001S5VNT9 | 200505 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 504845 | 5288 | SH |  | SOLE |  | 5288 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 | BBG001T66WN0 | 210653 | 6601 | SH |  | SOLE |  | 6601 | 0 | 0 |
| SPDR INDEX SHS FDS | DJ GLB RL ES ETF | 78463X749 | BBG001T2P370 | 319167 | 6973 | SH |  | SOLE |  | 6973 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 2198668 | 51383 | SH |  | SOLE |  | 51383 | 0 | 0 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 | BBG001SRXRD7 | 248425 | 5307 | SH |  | SOLE |  | 5307 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 5639491 | 8465 | SH |  | SOLE |  | 8465 | 0 | 0 |
| SPDR SERIES TRUST | NUVEEN ICE MUNIC | 78468R721 | BBG001SRSPW6 | 1012582 | 22220 | SH |  | SOLE |  | 22220 | 0 | 0 |
| SPDR SERIES TRUST | NUVEEN ICE SHORT | 78468R739 | BBG001T083N5 | 2770857 | 57463 | SH |  | SOLE |  | 57463 | 0 | 0 |
| SPDR SERIES TRUST | PORTFLI INTRMDIT | 78464A672 | BBG001STKCX8 | 10300873 | 356432 | SH |  | SOLE |  | 356432 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO AGRGTE | 78464A649 | BBG001STKD11 | 775719 | 30008 | SH |  | SOLE |  | 30008 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 5319397 | 67901 | SH |  | SOLE |  | 67901 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 | BBG004T58LZ5 | 621981 | 13428 | SH |  | SOLE |  | 13428 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 | BBG0029J2KF1 | 8909308 | 303865 | SH |  | SOLE |  | 303865 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 1236256 | 11829 | SH |  | SOLE |  | 11829 | 0 | 0 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 | BBG001SG4284 | 455132 | 8226 | SH |  | SOLE |  | 8226 | 0 | 0 |
| SSGA ACTIVE ETF TR | MULT ASS RLRTN | 78467V103 | BBG002XY88Z0 | 8296176 | 268659 | SH |  | SOLE |  | 268659 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 1911751 | 22887 | SH |  | SOLE |  | 22887 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 33098467 | 69011 | SH |  | SOLE |  | 69011 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 605266 | 1844 | SH |  | SOLE |  | 1844 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 630723 | 3382 | SH |  | SOLE |  | 3382 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | BBG001SHTTZ6 | 845585 | 15607 | SH |  | SOLE |  | 15607 | 0 | 0 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 | BBG01KH0XWG1 | 36168573 | 461275 | SH |  | SOLE |  | 461275 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 | BBG003H12XS7 | 5804035 | 114636 | SH |  | SOLE |  | 114636 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 | BBG009THVRX1 | 7537187 | 150533 | SH |  | SOLE |  | 150533 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 | BBG001TJR1D8 | 1152130 | 15684 | SH |  | SOLE |  | 15684 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 8912558 | 148741 | SH |  | SOLE |  | 148741 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 8537810 | 60573 | SH |  | SOLE |  | 60573 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 461648 | 10504 | SH |  | SOLE |  | 10504 | 0 | 0 |
| WISDOMTREE TR | US HIGH DIVIDEND | 97717W208 | BBG001SHKNX0 | 354645 | 3520 | SH |  | SOLE |  | 3520 | 0 | 0 |

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