# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-25-000685
**Filing Date:** 2025-8
**Character Count:** 6370
**Document Hash:** 8279f2b28f67db823fa16d62ba9b805a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000685.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001413042-25-000685

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**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:** 251255410

**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 Defensive Bull Fund (Series ID: S000068707)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000219677 | Potomac Defensive Bull Fund | CRDBX           |

## 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:** Potomac Defensive Bull Fund

- **b. EDGAR series identifier (if any):** S000068707

- **c. LEI of Series:** 549300L3P3MK4DLWP178

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1773964595.64

**Total Liabilities:** $2628281.00

**Net Assets:** $1771336314.64

**Cash Not Reported:** $118941808.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219677 | 11.89%               | -1.90%               | 6.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $160711355.82            | $601785.01                                 |
| Month 2  | $-19684005.81            | $-2522830.71                               |
| Month 3  | $29327490.36             | $31596607.45                               |

**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        |   4314654 | NS      | $217199682.36 | 12.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares    | Direxion Daily S&P 500 Bull 3X Shares ETF                     | CUSIP: 25459W862<br>LEI: WJRYIWB43R3GOXOHLG28 | Long             | EC               | RF                | US        |   1679167 | NS      | $291385849.51 | 16.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund Institutional  | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        | 215784102 | NS      | $215784102.38 | 12.18%            |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust - ProShares UltraPro S&P500 ETF                      | ProShares UltraPro S&P500 ETF                                 | CUSIP: 74347X864<br>LEI: GFX121535M001RJL0037 | Long             | EC               | RF                | US        |   3186032 | NS      | $291330766.08 | 16.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                          | S&P 500 E-Mini Futures September 2025                         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |      3870 | NS      | $21224736.75  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust - iShares 0-3 Month Treasury Bond ETF                  | iShares 0-3 Month Treasury Bond ETF                           | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |   6010295 | NS      | $605176603.55 | 34.16%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer