TWIN FOCUS CAPITAL PARTNERS, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$867.7M

Holdings

180

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (180 positions)

#	Stock	Shares	Value	% Portfolio
1	AQLTISHARES TR	1,013,101	$90.6M	10.45%
2	IAU*ISHARES GOLD TR	1,106,435	$89.8M	10.35%
3	VTIVANGUARD INDEX FDS	224,527	$75.3M	8.68%
4	DELLDELL TECHNOLOGIES INC	228,000	$28.7M	3.31%
5	GQ9SPDR GOLD TR	68,333	$27.1M	3.12%
6	ITOTISHARES TR	163,790	$24.4M	2.81%
7	SPYGSPDR SERIES TRUST	220,853	$23.6M	2.72%
8	SPYSPDR S&P 500 ETF TR	34,536	$23.6M	2.71%
9	IVWISHARES TR	156,219	$19.3M	2.22%
10	VOOVANGUARD INDEX FDS	30,328	$19.0M	2.19%
11	VTIPVANGUARD MALVERN FDS	357,905	$17.7M	2.04%
12	AGGISHARES TR	159,772	$16.0M	1.84%
13	IWBISHARES TR	41,161	$15.4M	1.77%
14	JAAAJANUS DETROIT STR TR	290,216	$14.7M	1.69%
15	TIPISHARES TR	113,616	$12.5M	1.44%
16	KVYOKLAVIYO INC	364,666	$11.8M	1.36%
17	VWOVANGUARD INTL EQUITY INDEX F	203,424	$10.9M	1.26%
18	IEMGISHARES INC	156,766	$10.5M	1.21%
19	BKGIBNY MELLON ETF TRUST	256,019	$10.3M	1.19%
20	VIGVANGUARD SPECIALIZED FUNDS	44,966	$9.9M	1.14%
21	ESGVVANGUARD WORLD FD	81,388	$9.8M	1.13%
22	AMZNAMAZON COM INC	41,813	$9.7M	1.11%
23	IWSISHARES TR	68,362	$9.6M	1.11%
24	XLUSELECT SECTOR SPDR TR	221,212	$9.4M	1.09%
25	IVVISHARES TR	13,400	$9.2M	1.06%
26	GOOGLALPHABET INC	28,850	$9.0M	1.04%
27	AAPLAPPLE INC	32,532	$8.8M	1.02%
28	VEAVANGUARD TAX-MANAGED FDS	140,091	$8.8M	1.01%
29	NDQINVESCO QQQ TR	12,783	$7.9M	0.90%
30	VEUVANGUARD INTL EQUITY INDEX F	105,434	$7.8M	0.89%
31	IVEISHARES TR	35,319	$7.5M	0.86%
32	VUGVANGUARD INDEX FDS	15,032	$7.3M	0.85%
33	VOEVANGUARD INDEX FDS	40,389	$7.2M	0.83%
34	VTVANGUARD INTL EQUITY INDEX F	47,782	$6.7M	0.78%
35	IJHISHARES TR	98,425	$6.5M	0.75%
36	VSGXVANGUARD WORLD FD	88,101	$6.3M	0.73%
37	CGEMCULLINAN THERAPEUTICS INC	595,489	$6.2M	0.71%
38	IWRISHARES TR	60,040	$5.8M	0.67%
39	MRNAMODERNA INC	185,480	$5.5M	0.63%
40	XLVSELECT SECTOR SPDR TR	32,495	$5.0M	0.58%
41	EWJISHARES INC	58,376	$4.7M	0.54%
42	XLKSELECT SECTOR SPDR TR	31,832	$4.6M	0.53%
43	VXUSVANGUARD STAR FDS	59,722	$4.5M	0.52%
44	VVVANGUARD INDEX FDS	14,040	$4.4M	0.51%
45	IWVISHARES TR	11,253	$4.4M	0.50%
46	EEMISHARES TR	79,069	$4.3M	0.50%
47	VDEVANGUARD WORLD FD	32,977	$4.2M	0.48%
48	VSSVANGUARD INTL EQUITY INDEX F	28,545	$4.1M	0.47%
49	VTVVANGUARD INDEX FDS	20,188	$3.9M	0.44%
50	ILCGISHARES TR	35,571	$3.7M	0.43%
51	IWDISHARES TR	15,943	$3.4M	0.39%
52	IWMISHARES TR	13,300	$3.3M	0.38%
53	VXFVANGUARD INDEX FDS	15,494	$3.2M	0.37%
54	AKREPROFESIONALLY MANAGED PORTFO	47,659	$3.1M	0.36%
55	SDYSPDR SERIES TRUST	21,345	$3.0M	0.34%
56	DONSPDR DOW JONES INDL AVERAGE	6,098	$2.9M	0.34%
57	MSFTMICROSOFT CORP	5,703	$2.8M	0.32%
58	HGERHARBOR ETF TRUST	106,842	$2.7M	0.31%
59	VOXRVOX ROYALTY CORP	558,988	$2.6M	0.31%
60	CEF/USPROTT ASSET MANAGEMENT LP	53,845	$2.5M	0.28%
61	EZUISHARES INC	37,819	$2.4M	0.28%
62	AVGOBROADCOM INC	7,000	$2.4M	0.28%
63	IJRISHARES TR	18,992	$2.3M	0.26%
64	XLFISELECT SECTOR SPDR TR	28,070	$2.2M	0.25%
65	IEVISHARES TR	28,939	$2.0M	0.23%
66	VCITVANGUARD SCOTTSDALE FDS	23,544	$2.0M	0.23%
67	ICEINTERCONTINENTAL EXCHANGE IN	11,605	$1.9M	0.22%
68	SOXXISHARES TR	6,216	$1.9M	0.22%
69	VCSHVANGUARD SCOTTSDALE FDS	22,958	$1.8M	0.21%
70	SPYVSPDR SERIES TRUST	31,644	$1.8M	0.21%
71	VYMVANGUARD WHITEHALL FDS	12,366	$1.8M	0.20%
72	RSPINVESCO EXCHANGE TRADED FD T	8,800	$1.7M	0.19%
73	BCCCGLOBAL X FDS	34,900	$1.7M	0.19%
74	XBISPDR SERIES TRUST	12,900	$1.6M	0.18%
75	ESGEISHARES INC	32,637	$1.4M	0.17%
76	VOVANGUARD INDEX FDS	4,953	$1.4M	0.17%
77	IEIISHARES TR	11,967	$1.4M	0.16%
78	AIQGLOBAL X FDS	27,865	$1.4M	0.16%
79	SATSECHOSTAR CORP	13,000	$1.4M	0.16%
80	IWPISHARES TR	10,083	$1.4M	0.16%
81	ASHRDBX ETF TR	37,170	$1.2M	0.14%
82	VOYAVOYA FINANCIAL INC	15,540	$1.2M	0.13%
83	XOMEXXON MOBIL CORP	9,227	$1.1M	0.13%
84	GLWCORNING INC	12,500	$1.1M	0.13%
85	JPMJPMORGAN CHASE & CO.	3,347	$1.1M	0.12%
86	HUBSHUBSPOT INC	2,666	$1.1M	0.12%
87	NVDANVIDIA CORPORATION	5,470	$1.0M	0.12%
88	BLKBLACKROCK INC	950	$1.0M	0.12%
89	RTXRTX CORPORATION	5,517	$1.0M	0.12%
90	XLISELECT SECTOR SPDR TR	6,285	$974K	0.11%
91	UBERUBER TECHNOLOGIES INC	11,708	$956K	0.11%
92	ADXADAMS DIVERSIFIED EQUITY FD	40,205	$937K	0.11%
93	SPYMSPDR SERIES TRUST	11,650	$934K	0.11%
94	OWLBLUE OWL CAPITAL INC	62,540	$934K	0.11%
95	TROWPRICE T ROWE GROUP INC	9,000	$921K	0.11%
96	CRWDCROWDSTRIKE HLDGS INC	1,930	$904K	0.10%
97	IUSGISHARES TR	5,331	$895K	0.10%
98	IWFISHARES TR	1,833	$867K	0.10%
99	VBVANGUARD INDEX FDS	3,311	$854K	0.10%
100	VNMVANECK ETF TRUST	42,759	$815K	0.09%

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