# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-26-000113
**Filing Date:** 2026-2
**Character Count:** 17819
**Document Hash:** 6deffa68c5a1a29048a937f19560b23a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-26-000113.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001413042-26-000113

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFS FUNDS
- **CENTRAL INDEX KEY:** 0001103243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 26647675

**BUSINESS ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020
- **BUSINESS PHONE:** 6185889700

**MAIL ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PREMIER FUNDS TRUST
- **DATE OF NAME CHANGE:** 20100119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIRELESS FUND
- **DATE OF NAME CHANGE:** 20000113

## Series and Classes Contracts Data

### Tandem Fund (Series ID: S000065065)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000210708 | Tandem Fund  | TANDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PFS FUNDS

- **b. Investment Company Act file number:** 811-09781

- **c. CIK number of Registrant:** 0001103243

- **d. LEI of Registrant:** 549300QPH5FGDXI8HN15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1939 FRIENDSHIP DRIVE STE C

  - **City:** EL CAJON

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92020

  - **Telephone number:** 619-588-9700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Tandem Fund

- **b. EDGAR series identifier (if any):** S000065065

- **c. LEI of Series:** 549300DEPAKKV8412S11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $28976043.72

**Total Liabilities:** $1159306.82

**Net Assets:** $27816736.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210708 | -3.17%               | 2.61%                | -0.18%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-152316.97              | $-989353.56                                |
| Month 2  | $250442.95               | $590711.01                                 |
| Month 3  | $146330.47               | $-253762.21                                |

### Schedule of Portfolio Investments

| Name                                                                                     | Title                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                                                                      | Abbott Laboratories                                                | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      8500 | NS      | $1064965.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                                            | Accenture PLC - Class A (Ireland)                                  | CUSIP: G1151C101<br>LEI: 549300PNIE0WGWUTXU86 | Long             | EC               | CORP              | IE        |      3400 | NS      | $912220.00    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                                                                     | Amphenol Corporation - Class A                                     | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      8900 | NS      | $1202746.00   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                                                          | Automatic Data Processing, Inc.                                    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2900 | NS      | $745967.00    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                                                            | Becton, Dickinson and Company                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2300 | NS      | $446361.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                                                          | BlackRock, Inc.                                                    | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       650 | NS      | $695721.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions, Inc.                                                     | Broadridge Financial Solutions, Inc.                               | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      1500 | NS      | $334755.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                                                                      | Brown & Brown, Inc.                                                | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     11400 | NS      | $908580.00    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                                                                | Church & Dwight Co., Inc.                                          | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      6100 | NS      | $511485.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                                                             | Costco Wholesale Corporation                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       500 | NS      | $431170.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc                                              | Expeditors International of Washington, Inc                        | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      3200 | NS      | $476832.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Limited                                                                          | Genpact Limited (Bermuda)                                          | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     24300 | NS      | $1136754.00   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund Institutional Class | Goldman Sachs Financial Square Government Fund Institutional Class | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1891209 | NS      | $1891208.76   | 6.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                          | Intercontinental Exchange, Inc.                                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      7100 | NS      | $1149916.00   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                                                             | Intuit, Inc.                                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1200 | NS      | $794904.00    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.                                                            | Jack Henry & Associates, Inc                                       | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      5600 | NS      | $1021888.00   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                        | Johnson & Johnson                                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2500 | NS      | $517375.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard, Inc.                                                                         | MasterCard, Inc. - Class A                                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1800 | NS      | $1027584.00   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                                                                    | Microsoft Corporation                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2100 | NS      | $1015602.00   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                                     | NextEra Energy, Inc.                                               | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     11700 | NS      | $939276.00    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                                                                  | Republic Services, Inc.                                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2100 | NS      | $445053.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                                                             | ResMed, Inc.                                                       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      4400 | NS      | $1059828.00   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                                                                 | Roper Technologies, Inc.                                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2100 | NS      | $934773.00    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                                                               | Steris PLC (Ireland)                                               | CUSIP: G8473T100<br>LEI: 549300F1857N5E6G6T48 | Long             | EC               | CORP              | IE        |      3900 | NS      | $988728.00    | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                                                                      | Stryker Corporation                                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2400 | NS      | $843528.00    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                                                               | Terreno Realty Corporation                                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11500 | NS      | $675165.00    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Department Of The Treasury                                                 | United States Treasury Bill, 0.00% due 01/20/26                    | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998230.33    | 3.59%             | 2026-01-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury                                                 | United States Treasury Bill, 0.00%, due 01/06/25                   | CUSIP: 912797SE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1249520.14   | 4.49%             | 2026-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury                                                 | United States Treasury Bill, 0.00%, due 01/13/26                   | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1248659.85   | 4.49%             | 2026-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury                                                 | United States Treasury Bill, 0.00%, due 01/27/26                   | CUSIP: 912797SH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249386.40    | 0.90%             | 2026-01-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                                                                   | Verisk Analytics, Inc.                                             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1600 | NS      | $357904.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                                                               | Visa, Inc. - Class A                                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      3700 | NS      | $1297627.00   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                                                                  | Waste Connections, Inc. (Canada)                                   | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      3200 | NS      | $561152.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                                                              | Zoetis Inc. - Class A                                              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      6500 | NS      | $817830.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-18

**Name of Applicant:** PFS Funds

**Signature:** /s/ Jeffrey R. Provence

**Name of Signer:** Jeffrey R. Provence

**Title:** Secretary and Treasurer