Tiff Advisory Services Q2 2026 Portfolio Activity: Focus on ETF Reductions and Select Stock Increases

Tiff Advisory Services, Llc managed a substantial portfolio valued at $407.87 million as of June 30, 2026. The firm's investment activity during this period involved adjustments across various asset classes.

Significant Reductions in ETF Holdings

This quarter saw notable decreases in several exchange-traded funds (ETFs). The fund experienced significant reductions in its positions with the following ETFs:

• XLF (SELECT SECTOR SPDR TR), which saw a decrease of -45.62% and exited from the top holdings list entirely.
• NVDA, down by -28.47%, though still retained as one of the portfolio's significant positions despite substantial reduction.
• AAPL (Apple Inc.), reduced by -1.24% in shares, impacting its allocation significantly but not exiting the top holdings list.
• BND, down by -2.45%, reflecting a continued reduction trend from previous periods.
• VT (VANGUARD INTL EQUITY INDEX F), reduced slightly by -2.03% in shares, maintaining its position but showing ongoing divestment.
• KBWB, down by -2.07%, indicating a continued reduction strategy for this bond fund ETF.
• Several other holdings also decreased, including VOO (-5.75%), EFA (-6.29%), and EFAX (-4.3%) which saw share increases but still relatively small changes.

Focus on Technology Sector Reductions

The investor's portfolio displayed a clear pattern of reducing its exposure within the Technology sector. This was evident through substantial decreases in holdings like KBWB (-$3.6 million), NVDA (-$5.2 million stock value), and VOO (-$1.6 million). Additionally, the position in AAPL was reduced by -$490k during this period.

Increases Observed: Fixed Income and Select Stocks

Conversely, the portfolio showed signs of growth in specific areas. The investor increased its position in LQD (ISHARES TR) by +9.78%, adding approximately $1.5 million to its value during this quarter.

No Major Purchases of Individual Stocks Disclosed

The data does not indicate any significant new purchases of individual stocks, with no symbols appearing in the 'significant_buy_symbols' list provided by Insiderset. The investor maintained a focus on ETFs and existing stock positions.

Energy Sector Exit Confirmed

A notable exit occurred from the Energy sector via the reduction or complete removal of its position in XLE (SELECT SECTOR SPDR TR). This aligns with previous periods where this sector was divested, as confirmed by the change data showing a -81.41% decrease.

Overall Portfolio Changes

In summary, Tiff Advisory Services demonstrated a clear preference for reducing its positions in large-cap ETFs during Q2 2026. The investor exited from XLE entirely and significantly scaled back holdings in KBWB, NVDA, AAPL, BND, VT, VOO, EFAX, and EFA. However, the portfolio saw an increase in LQD's allocation.