Tandy Leather Factory, Inc.
US ˙ NasdaqCM ˙ US87538X1054

SecurityTLF / Tandy Leather Factory, Inc.
InstitutionVanguard Group Inc
Latest Disclosed Ownership143,082 shares
Latest Disclosed Value $ 392,044
Vanguard Group Inc reports 2.86% increase in ownership of TLF / Tandy Leather Factory, Inc.

On January 29, 2026 - Vanguard Group Inc filed a 13F-HR form disclosing ownership of 143,082 shares of Tandy Leather Factory, Inc. (US:TLF) valued at $392,045 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 7, 2025 disclosing 139,101 shares of Tandy Leather Factory, Inc.. This represents a change in shares of 2.86% during the quarter. The current value of the position is $341,966 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-01-29 2025-12-31 13F TANDY LEATHER FACTORY COM 87538X105 143,082 3,981 2.86 392 -6.89 0.0000
2025-11-07 2025-09-30 13F TANDY LEATHER FACTORY COM 87538X105 139,101 15,534 12.57 421 9.92 0.0000
2025-08-11 2025-06-30 13F TANDY LEATHER FACTORY COM 87538X105 123,567 0 0.00 383 6.98 0.0000
2025-05-09 2025-03-31 13F TANDY LEATHER FACTORY COM 87538X105 123,567 102,991 500.54 358 269.07 0.0000
2025-02-11 2024-12-31 13F TANDY LEATHER FACTORY COM 87538X105 20,576 0 0.00 98 12.79 0.0000
2024-11-13 2024-09-30 13F TANDY LEATHER FACTORY COM 87538X105 20,576 1,582 8.33 86 1.18 0.0000
2024-08-13 2024-06-30 13F TANDY LEATHER FACTORY COM 87538X105 18,994 1,195 6.71 85 3.66 0.0000
2024-05-10 2024-03-31 13F TANDY LEATHER FACTORY COM 87538X105 17,799 6 0.03 83 9.33 0.0000
2024-03-11 2023-12-31 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 17,793 1,391 8.48 76 8.70 0.0000
2024-02-14 2023-12-31 13F TANDY LEATHER FACTORY COM 87538X105 17,793 1,391 76 0.0000
2023-12-18 2023-09-30 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 16,402 16,402 69 0.0000
2023-11-14 2023-09-30 13F TANDY LEATHER FACTORY COM 87538X105 16,402 16,402 69 0.0000
2020-11-16 2020-09-30 13F TANDY LEATHER FACTORY COM 87538X105 0 -182,093 -100.00 0 -100.00
2020-08-14 2020-06-30 13F TANDY LEATHER FACTORY COM 87538X105 182,093 0 0.00 618 -5.79 0.0000
2020-05-15 2020-03-31 13F TANDY LEATHER FACTORY COM 87538X105 182,093 0 0.00 656 -36.92 0.0000
2020-02-14 2019-12-31 13F TANDY LEATHER FACTORY COM 87538X105 182,093 -2,000 -1.09 1,040 20.79 0.0000
2019-11-14 2019-09-30 13F TANDY LEATHER FACTORY COM 87538X105 184,093 -900 -0.49 861 -15.34 0.0000
2019-08-14 2019-06-30 13F TANDY LEATHER FACTORY COM 87538X105 184,993 0 0.00 1,017 -8.38 0.0000
2019-05-15 2019-03-31 13F TANDY LEATHER FACTORY COM 87538X105 184,993 600 0.33 1,110 6.02 0.0000
2019-02-14 2018-12-31 13F TANDY LEATHER FACTORY COM 87538X105 184,393 -645 -0.35 1,047 -23.01 0.0000
2018-12-13 2018-09-30 13F/A-2 TANDY LEATHER FACTORY COM 87538X105 185,038 0 0.00 1,360 -5.82 0.0001
2018-11-23 2018-09-30 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 185,038 0 1,360 53.1433
2018-11-14 2018-09-30 13F TANDY LEATHER FACTORY COM 87538X105 185,038 0 1,360
2018-08-14 2018-06-30 13F TANDY LEATHER FACTORY COM 87538X105 185,038 5,825 3.25 1,444 14.33 0.0001
2018-05-15 2018-03-31 13F TANDY LEATHER FACTORY COM 87538X105 179,213 0 0.00 1,263 -8.48 0.0001
2018-02-14 2017-12-31 13F TANDY LEATHER FACTORY COM 87538X105 179,213 0 0.00 1,380 -2.54 0.0001
2017-11-14 2017-09-30 13F TANDY LEATHER FACTORY COM 87538X105 179,213 0 0.00 1,416 -11.22 0.0001
2017-08-24 2017-06-30 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 179,213 240 0.13 1,595 8.73 0.0001
2017-08-11 2017-06-30 13F TANDY LEATHER FACTORY COM 87538X105 179,213 240 1,595
2017-05-12 2017-03-31 13F TANDY LEATHER FACTORY COM 87538X105 178,973 1,101 0.62 1,467 1.80 0.0001
2017-02-14 2016-12-31 13F TANDY LEATHER FACTORY COM 87538X105 177,872 0 0.00 1,441 5.80 0.0001
2016-11-14 2016-09-30 13F TANDY LEATHER FACTORY COM 87538X105 177,872 0 0.00 1,362 7.75 0.0001
2016-08-10 2016-06-30 13F TANDY LEATHER FACTORY COM 87538X105 177,872 -90,822 -33.80 1,264 -32.33 0.0001
2016-05-13 2016-03-31 13F TANDY LEATHER FACTORY COM 87538X105 268,694 16,100 6.37 1,868 0.76 0.0001
2016-02-08 2015-12-31 13F TANDY LEATHER FACTORY COM 87538X105 252,594 0 0.00 1,854 -1.33 0.0001
2015-11-12 2015-09-30 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 252,594 1,400 0.56 1,879 -13.01 0.0001
2015-11-12 2015-09-30 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 252,594 0 1,879 79.7846
2015-08-13 2015-06-30 13F TANDY LEATHER FACTORY COM 87538X105 251,194 0 0.00 2,160 -2.53 0.0001
2015-05-15 2015-03-31 13F/A-1 TANDY LEATHER FACTORY COM 87538X105 251,194 1,000 0.40 2,216 -1.90 0.0002
2015-05-14 2015-03-31 13F TANDY LEATHER FACTORY COM 87538X105 251,194 2,216
2015-02-12 2014-12-31 13F TANDY LEATHER FACTORY COM 87538X105 250,194 4,950 2.02 2,259 -2.55 0.0002
2014-11-12 2014-09-30 13F TANDY LEATHER FACTORY COM 87538X105 245,244 10,303 4.39 2,318 8.42 0.0002
2014-08-11 2014-06-30 13F TANDY LEATHER FACTORY COM 87538X105 234,941 61,866 35.75 2,138 27.87 0.0002
2014-05-13 2014-03-31 13F TANDY LEATHER FACTORY COM 87538X105 173,075 0 0.00 1,672 -1.01 0.0001
2014-02-12 2013-12-31 13F TANDY LEATHER FACTORY COM 87538X105 173,075 0 0.00 1,689 24.01 0.0001
2013-11-07 2013-09-30 13F TANDY LEATHER FACTORY COM 87538X105 173,075 0 0.00 1,362 1.11 0.0001
2013-08-13 2013-06-30 13F TANDY LEATHER FACTORY COM 87538X105 173,075 173,075 1,347 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.