# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001103243-26-000024
**Filing Date:** 2026-2
**Character Count:** 7256
**Document Hash:** e869977502a46b740e6d5d9b06ad39c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001103243-26-000024.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001103243-26-000024

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**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:** 26695140

**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

### Potomac Tactical Rotation Fund (Series ID: S000068710)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000219680 | Potomac Tactical Rotation Fund | CRTBX           |

## 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:** 6195889700

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

- **a. Name of Series:** Potomac Tactical Rotation Fund

- **b. EDGAR series identifier (if any):** S000068710

- **c. LEI of Series:** 5493004QSZG082ITYI26

**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:** $228991415.87

**Total Liabilities:** $257280.61

**Net Assets:** $228734135.26

**Cash Not Reported:** $8964234.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219680 | 0.61%                | 3.13%                | -0.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2496129.64              | $-2481439.54                               |
| Month 2  | $-296918.40              | $2033956.39                                |
| Month 3  | $0.02                    | $145769.40                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** S&P500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BondBloxx ETF Trust                         | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |    597141 | NS      | $30006335.25  | 13.12%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                               | iShares 0-3 Month Treasury Bond ETF                           | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |    553515 | NS      | $55561835.70  | 24.29%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                           | State Street SPDR Bloomberg Convertible Securities ETF        | CUSIP: 78464A359<br>LEI: 549300IXKU3G7R6DMX93 | Long             | EC               | RF                | US        |    255798 | NS      | $22817181.60  | 9.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector SPDR Trust                    | State Street Health Care Select Sector SPDR ETF               | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |    148723 | NS      | $23022320.40  | 10.07%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Investment Trust | STATE STREET INST U.S. GOVERNMENT MMKT PREM CLASS             | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  20609274 | NS      | $20609274.40  | 9.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Funds                        | Vanguard Health Care Index Fund ETF                           | CUSIP: 92204A504<br>LEI: 4G9X037GNB6OUK17TK21 | Long             | EC               | RF                | US        |     79799 | NS      | $22970142.15  | 10.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                        | Vanguard Total Stock Market ETF                               | CUSIP: 922908769<br>LEI: HJ2RZRUQEVF2A5SPRB21 | Long             | EC               | RF                | US        |     68273 | NS      | $22889888.71  | 10.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Trust                            | WisdomTree Japan Hedged Equity Fund                           | CUSIP: 97717W851<br>LEI: 549300MCUICL7FEQ7B68 | Long             | EC               | RF                | US        |    160156 | NS      | $23088088.96  | 10.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                 | E-Mini S&P MidCap 400 Futures March 2026                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       336 | NC      | $-1730027.04  | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** PFS Funds

**Signature:** Jeffrey R. Provence

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

**Title:** Secretary and Treasurer