Gradient Capital Advisors, LLC Q4 2025 Filing

Filed February 6, 2026

Portfolio Value

$388.0B

Holdings

174

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (174 positions)

#	Stock	Shares	Value	% Portfolio
1	IVVISHARES CORE S&P 500 ETF	52,144	$35.7B	9.20%
2	AAPLAPPLE INC COM	72,766	$19.8B	5.10%
3	SPDWSPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	321,999	$14.3B	3.69%
4	VCSHVANGUARD SHORT-TERM CORPORATE BOND ETF	171,922	$13.7B	3.53%
5	SCHFSCHWAB INTERNATIONAL EQUITY ETF	448,349	$10.8B	2.78%
6	DFSDDIMENSIONAL SHORT-DURATION FIXED INCOME ETF	224,458	$10.8B	2.77%
7	SCHMSCHWAB U.S. MID-CAP ETF	315,981	$9.5B	2.45%
8	DFGPDIMENSIONAL GLOBAL CORE PLUS FIXED INCOME ETF	164,336	$8.9B	2.29%
9	DFATDIMENSIONAL U.S. TARGETED VALUE ETF	140,565	$8.4B	2.16%
10	VVVANGUARD LARGE-CAP ETF	25,323	$8.0B	2.05%
11	DFEMDIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF	230,304	$7.6B	1.96%
12	VTIPVANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	153,383	$7.6B	1.96%
13	GOOGLALPHABET INC CAP STK CL A	24,108	$7.5B	1.94%
14	JPMJPMORGAN CHASE & CO COM	23,124	$7.5B	1.92%
15	SCHXSCHWAB U.S. LARGE-CAP ETF	265,860	$7.2B	1.84%
16	VEAVANGUARD FTSE DEVELOPED MARKETS ETF	113,158	$7.1B	1.82%
17	MSFTMICROSOFT CORP COM	14,470	$7.0B	1.80%
18	TSLATESLA INC COM	15,231	$6.8B	1.77%
19	DFSVDIMENSIONAL US SMALL CAP VALUE ETF	197,631	$6.5B	1.68%
20	NVDANVIDIA CORPORATION COM	32,614	$6.1B	1.57%
21	DFUVDIMENSIONAL US MARKETWIDE VALUE ETF	130,449	$6.1B	1.57%
22	JPSTJPMORGAN ULTRA-SHORT INCOME ETF	111,329	$5.6B	1.45%
23	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	9,512	$4.8B	1.23%
24	DFARDIMENSIONAL US REAL ESTATE ETF	206,004	$4.7B	1.22%
25	DFAXDIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF	142,641	$4.7B	1.20%
26	IGSBISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF	85,794	$4.5B	1.17%
27	VOOVANGUARD S&P 500 ETF	7,102	$4.5B	1.15%
28	METAMETA PLATFORMS INC CL A	6,691	$4.4B	1.14%
29	VXUSVANGUARD TOTAL INTERNATIONAL STOCK ETF	58,427	$4.4B	1.14%
30	VUGVANGUARD GROWTH ETF	8,755	$4.3B	1.10%
31	VOVANGUARD MID-CAP ETF	14,599	$4.2B	1.09%
32	DFLVDIMENSIONAL US LARGE CAP VALUE ETF	123,114	$4.2B	1.09%
33	SCHDSCHWAB US DIVIDEND EQUITY ETF	143,660	$3.9B	1.02%
34	AVGOBROADCOM INC COM	11,283	$3.9B	1.01%
35	VNQIVANGUARD GLOBAL EX-U.S. REAL ESTATE ETF	81,424	$3.7B	0.96%
36	GQ9SPDR GOLD SHARES	9,316	$3.7B	0.95%
37	LRCXLAM RESEARCH CORP COM NEW	21,357	$3.7B	0.94%
38	DISVDIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF	95,579	$3.6B	0.94%
39	VBVANGUARD SMALL-CAP ETF	13,037	$3.4B	0.87%
40	BILSSTATE STREET SPDR BLOOMBERG 3-12 MONTH T-BILL ETF	28,807	$2.9B	0.74%
41	VBRVANGUARD SMALL CAP VALUE ETF	11,326	$2.4B	0.62%
42	GLDMSPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST	27,818	$2.4B	0.61%
43	AMZNAMAZON COM INC COM	10,036	$2.3B	0.60%
44	VTVVANGUARD VALUE ETF	10,993	$2.1B	0.54%
45	AVDVAVANTIS INTERNATIONAL SMALL CAP VALUE ETF	21,975	$2.1B	0.53%
46	DFAEDIMENSIONAL EMERGING CORE EQUITY MARKET ETF	62,223	$2.0B	0.52%
47	CSCOCISCO SYS INC COM	24,703	$1.9B	0.49%
48	SCHBSCHWAB U.S. BROAD MARKET ETF	69,226	$1.8B	0.47%
49	WPCWP CAREY INC COM	27,997	$1.8B	0.46%
50	TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	5,884	$1.8B	0.46%
51	VNQVANGUARD REAL ESTATE ETF	19,401	$1.7B	0.44%
52	SLVISHARES SILVER TRUST	24,713	$1.6B	0.41%
53	VEUVANGUARD FTSE ALL-WORLD EX-US INDEX FUND	21,422	$1.6B	0.41%
54	BKBANK NEW YORK MELLON CORP COM	13,342	$1.5B	0.40%
55	AVMCAVANTIS U.S. MID CAP EQUITY ETF	20,107	$1.4B	0.37%
56	CVXCHEVRON CORPORATION COM	9,268	$1.4B	0.36%
57	IWMISHARES RUSSELL 2000 ETF	5,664	$1.4B	0.36%
58	VTIVANGUARD TOTAL STOCK MARKET ETF	4,065	$1.4B	0.35%
59	AVUVAVANTIS U.S. SMALL CAP VALUE ETF	13,078	$1.3B	0.34%
60	SCHASCHWAB U.S. SMALL-CAP ETF	45,542	$1.3B	0.33%
61	SCHVSCHWAB U.S. LARGE-CAP VALUE ETF	42,527	$1.3B	0.32%
62	VIGVANGUARD DIVIDEND APPRECIATION ETF	5,530	$1.2B	0.31%
63	BACBANK AMERICA CORP COM	21,638	$1.2B	0.31%
64	AMDADVANCED MICRO DEVICES INC COM	5,453	$1.2B	0.30%
65	JNJJOHNSON & JOHNSON COM	5,429	$1.1B	0.29%
66	QCOMQUALCOMM INC COM	6,535	$1.1B	0.29%
67	FEZSPDR EURO STOXX 50 ETF	15,979	$1.0B	0.26%
68	AMGNAMGEN INC COM	3,089	$1.0B	0.26%
69	DFACDIMENSIONAL U.S. CORE EQUITY 2 ETF	24,803	$981.0M	0.25%
70	SGOVISHARES 0-3 MONTH TREASURY BOND ETF	9,653	$968.0M	0.25%
71	VVISA INC COM CL A	2,629	$922.0M	0.24%
72	NDQINVESCO QQQ TRUST SERIES I	1,497	$919.0M	0.24%
73	GOOGALPHABET INC CAP STK CL C	2,818	$884.0M	0.23%
74	INTUINTUIT COM	1,326	$878.0M	0.23%
75	SCHHSCHWAB U.S. REIT ETF	41,777	$872.0M	0.22%
76	IBDXISHARES IBONDS DEC 2032 TERM CORPORATE ETF	33,824	$863.0M	0.22%
77	IBDWISHARES IBONDS DEC 2031 TERM CORPORATE ETF	40,801	$862.0M	0.22%
78	XLFISTATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	11,053	$858.0M	0.22%
79	BSVVANGUARD SHORT-TERM BOND ETF	10,666	$840.0M	0.22%
80	LMTLOCKHEED MARTIN CORP COM	1,726	$834.0M	0.21%
81	HDHOME DEPOT INC COM	2,362	$812.0M	0.21%
82	COSTCOSTCO WHOLESALE CORPORATION COM	939	$810.0M	0.21%
83	VHTVANGUARD HEALTH CARE ETF	2,756	$793.0M	0.20%
84	DFICDIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF	22,962	$791.0M	0.20%
85	VYMVANGUARD HIGH DIVIDEND YIELD INDEX ETF	5,377	$771.0M	0.20%
86	IJRISHARES CORE S&P SMALL CAP ETF	6,328	$760.0M	0.20%
87	VWOVANGUARD FTSE EMERGING MARKETS ETF	13,480	$724.0M	0.19%
88	SCHZSCHWAB US AGGREGATE BOND ETF	30,184	$705.0M	0.18%
89	BXBLACKSTONE INC COM	4,390	$676.0M	0.17%
90	IBDVISHARES IBONDS DEC 2030 TERM CORPORATE ETF	29,999	$662.0M	0.17%
91	IVWISHARES S&P 500 GROWTH ETF	5,352	$659.0M	0.17%
92	SPYSTATE STR SPDR S&P 500 ETF TR TR UNIT	949	$647.0M	0.17%
93	CATCATERPILLAR INC COM	1,120	$641.0M	0.17%
94	NFLXNETFLIX INC. COM	6,580	$616.0M	0.16%
95	DFAIDIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF	15,771	$601.0M	0.15%
96	IBMINTERNATIONAL BUSINESS MACHS COM	2,015	$596.0M	0.15%
97	SPSBSTATE STREET SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF	19,425	$586.0M	0.15%
98	AQLTISHARES CORE MSCI EAFE ETF	6,545	$585.0M	0.15%
99	WFCWELLS FARGO & CO COM	6,016	$560.0M	0.14%
100	SCHPSCHWAB US TIPS ETF	20,703	$548.0M	0.14%

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