Acropolis Investment Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Acropolis Investment Management, LLC reported 297 stock positions worth $2.2 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 16.0% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 7.9%) and Dimensional Core Fixed (DFCF, 5.5%). Compared with Q3 2025, it opened 39 new positions, sold out of 8, added to 91 and reduced 130. The biggest buy was Dimensional Core Fixed (DFCF, shares +1343%) and the biggest sale Vanguard Total Bond Market (BND, shares −53%).

Most Recent 13F
Q2 2026
Location
ST. LOUIS, MO
CIK
0001318601
Portfolio Value
$2.2B (Q4 2025)
SEC Filing
0001104659-26-003625 ↗ filed Jan 14, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $2.2B $2.2B Q4 2025 Q1 2026: $2.3B Q1 2026 Q2 2026: $2.5B Q2 2026

Holdings 297 stocks · $2.2B

VOO Vanguard S&P 500 ETF 16.04% 568,515 $356.5M Reduce -0.1%
VEA Vanguard Ftse Developed ETF 7.90% 2,812,424 $175.7M Add +1.5%
DFCF Dimensional Core Fixed Inc. 5.52% 2,883,234 $122.7M Add +1342.6%
IJR iShares Core S&P Small-Cap E 5.41% 999,769 $120.2M Add +2.0%
IJH iShares Core S&P Midcap ETF 5.12% 1,725,917 $113.9M Add +2.2%
IGIB iShares 5-10Y Inv Grade Corp. 4.99% 2,059,152 $110.9M Add +4.7%
VGIT Vanguard Intermediate-Term T 4.06% 1,507,605 $90.4M Add +1959.3%
BND Vanguard Total Bond Market 3.47% 1,039,888 $77.0M Reduce -53.4%
SMLF iShares US Smallcap Equity F 3.26% 968,630 $72.5M Add +5.8%
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 3.13% 1,364,694 $69.7M New
VWO Vanguard Ftse Emerging Marke 2.46% 1,015,418 $54.6M Add +1.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.37% 167,164 $52.6M Reduce -2.5%
VGSH Vanguard Short-Term Treasury 2.30% 870,938 $51.2M Reduce -55.1%
IEFA iShares Core MSCI Eafe ETF 1.87% 463,721 $41.5M Reduce -3.5%
MTUM iShares MSCI USA Momentum Fa 1.57% 139,337 $34.9M Add +3.5%
VMBS Vanguard Mortgage-Backed Sec 1.56% 736,411 $34.7M Reduce -57.5%
IMTM iShares MSCI Intl Momentum F 1.38% 641,150 $30.8M Add +1.9%
DFLV Dim US Large Cap Value ETF 1.38% 897,676 $30.7M Add +12.7%
DFIV Dimensional International Va 1.17% 520,176 $26.0M Add +1.2%
AAPL Apple Inc. 1.11% 90,598 $24.6M Reduce -5.2%
LRGF iShares US Equity Factor ETF 0.98% 312,356 $21.7M Add +34.7%
MSFT Microsoft Corp. 0.92% 42,174 $20.4M Add +1.3%
IVW iShares S&P 500 Growth ETF 0.86% 155,930 $19.2M Reduce -1.6%
IVV iShares Core S&P 500 ETF 0.86% 27,840 $19.1M Reduce -2.8%
AVUS Avantis U.S. Equity ETF 0.82% 163,813 $18.3M Add +2.3%
VB Vanguard Most SM-Cap ETF-Usd 0.79% 68,467 $17.7M Reduce -2.9%
VCRB Vanguard Core Bond ETF 0.78% 222,166 $17.3M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.60% 46,245 $13.4M Reduce -0.2%
INTF iShares International Equity 0.57% 333,784 $12.6M Add +9.8%
WMT Walmart Inc. 0.52% 104,451 $11.6M Reduce -2.5%
IVE iShares S&P 500 Value ETF 0.50% 52,859 $11.2M Add +0.1%
NVDA Nvidia Corp. 0.47% 55,578 $10.4M Reduce -11.3%
IEMG iShares Core MSCI Emerging 0.47% 153,935 $10.3M Reduce -2.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.46% 20,811 $10.2M Reduce -5.0%
GOOGL Alphabet Inc. Class A 0.44% 31,458 $9.8M Reduce -6.0%
PG The Procter & Gamble Co. 0.43% 66,161 $9.5M Reduce -0.5%
MUB iShares National Muni Bond E 0.34% 70,016 $7.5M Reduce -3.9%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 14,090 $7.1M Reduce -3.4%
IEF iShares 7-10 Year Treasury B 0.31% 71,174 $6.8M Add +121.3%
AMZN Amazon.com Inc. 0.30% 28,924 $6.7M Add +1.9%
JPM JPMorgan Chase & Co. 0.30% 20,571 $6.6M Reduce -5.2%
VCIT Vanguard Int-Term Corporate 0.28% 74,670 $6.3M Reduce -4.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 9,013 $6.1M Add +3.8%
SCHF Schwab Intl Equity ETF 0.25% 232,636 $5.6M Reduce -0.8%
IWR iShares Russell Mid-Cap ETF 0.24% 55,923 $5.4M Reduce -0.4%
V Visa Inc. Class A 0.23% 14,553 $5.1M Reduce -3.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.21% 24,818 $4.7M Add +1.6%
IWM iShares Russell 2000 ETF 0.21% 18,903 $4.7M Add +3.0%
JNJ Johnson & Johnson 0.19% 20,773 $4.3M Reduce -4.9%
VTI VG Morningstar TS MKT ETF-US 0.19% 12,617 $4.2M Reduce -2.0%
EFA iShares MSCI Eafe ETF 0.19% 43,158 $4.1M Reduce -1.4%
IWD iShares Russell 1000 Value E 0.19% 19,692 $4.1M No change
UNH Unitedhealth Group Inc. 0.18% 12,451 $4.1M Reduce -19.0%
IYW iShares Ustechnology ETF 0.18% 20,338 $4.1M Reduce -1.7%
XLK SS Technology Select Sector 0.18% 28,202 $4.1M Reduce -7.3%
IEI iShares 3-7 Year Treasury Bo 0.17% 32,261 $3.9M Reduce -15.7%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.17% 12,359 $3.7M Reduce -2.7%
TRV The Travelers Cos Inc. 0.16% 12,312 $3.6M Reduce -5.2%
XOM Exxon Mobil Corp. 0.16% 29,671 $3.6M Reduce -4.2%
MS Morgan Stanley 0.15% 19,252 $3.4M Reduce -6.8%
BSV Vanguard Short-Term Bond ETF 0.14% 38,940 $3.1M Reduce -22.3%
SXT Sensient Technologies Corp. 0.13% 30,343 $2.9M Add +6.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.13% 13,388 $2.8M Add +2.1%
IWB iShares Russell 1000 ETF 0.13% 7,558 $2.8M No change
SCZ iShares MSCI Eafe Small-Cap 0.13% 36,223 $2.8M Reduce -9.8%
CVX Chevron Corp. 0.12% 17,755 $2.7M Reduce -1.5%
AVSC Avantis US Small Cap Equity 0.12% 45,745 $2.7M No change
QQQ Invesco QQQ Trust Series 1 0.12% 4,305 $2.6M Reduce -12.9%
IWF iShares Russell 1000 Growth 0.11% 5,136 $2.4M Reduce -0.2%
LMT Lockheed Martin Corp. 0.10% 4,563 $2.2M Add +2.8%
LLY Eli Lilly & Co. 0.10% 2,050 $2.2M Add +11.4%
KR Kroger Co. 0.10% 34,251 $2.1M Reduce -9.9%
HCA HCA Healthcare Inc. 0.10% 4,535 $2.1M Reduce -2.5%
SNA Snap-on Inc. 0.09% 6,046 $2.1M Reduce -7.3%
AXP American Express Co. 0.09% 5,523 $2.0M Add +6.2%
ESGU iShares ESG Aware MSCI USA 0.09% 13,610 $2.0M Add +11.4%
TSLA Tesla Inc. 0.09% 4,467 $2.0M Reduce -14.9%
ORLY O'reilly Automotive Inc. 0.09% 21,576 $2.0M Reduce -4.5%
JMBS Janus Henderson Mortg Backed 0.09% 42,404 $1.9M Reduce -3.5%
URI United Rentals Inc. 0.09% 2,384 $1.9M Reduce -0.8%
LOW Lowe's Cos Inc. 0.08% 7,804 $1.9M Reduce -9.6%
DE Deere & Co. 0.08% 4,023 $1.9M Add +6.8%
META Meta Platforms Inc. Class A 0.08% 2,597 $1.7M Reduce -0.8%
ETR Entergy Corp. 0.08% 18,276 $1.7M Add +3.6%
ESGD iShares Trust iShares ESG Aw 0.08% 17,693 $1.7M Add +4.9%
EFSC Enterprise Financial Service 0.08% 31,105 $1.7M Reduce -1.2%
HD Home Depot Inc. 0.08% 4,865 $1.7M Reduce -7.5%
ABBV Abbvie Inc. 0.07% 7,038 $1.6M Add +0.9%
MRK Merck & Co. Inc. 0.07% 15,049 $1.6M Reduce -4.7%
EA Electronic Arts Inc. 0.07% 7,742 $1.6M Reduce -5.2%
RTX RTX Corp. 0.07% 8,482 $1.6M Add +17.2%
COST Costco Wholesale Corp. 0.07% 1,781 $1.5M Reduce -0.3%
IBB iShares Biotechnology ETF 0.07% 8,902 $1.5M Reduce -0.3%
BA The Boeing Co. 0.07% 6,867 $1.5M Add +55.5%
XLE SS Energy Select Sector 0.07% 33,199 $1.5M No change
TSM Taiwan Semiconductor-SP ADR 0.07% 4,844 $1.5M Add +37.4%
CAT Caterpillar Inc. 0.07% 2,540 $1.5M Add +5.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 9,267 $1.4M Reduce -10.8%
MU Micron Technology Inc. 0.06% 4,962 $1.4M Reduce -7.8%
GOOG Alphabet Inc. Class C 0.06% 4,469 $1.4M Reduce -3.1%

Show all 297 holdings

Portfolio Sells Q3 2025 → Q4 2025

BND Vanguard Total Bond Market Reduce -53.4% 3.47% −4.89
VGSH Vanguard Short-Term Treasury Reduce -55.1% 2.30% −3.50
VMBS Vanguard Mortgage-Backed Sec Reduce -57.5% 1.56% −2.52
VOO Vanguard S&P 500 ETF Reduce -0.1% 16.04% −0.38
IEFA iShares Core MSCI Eafe ETF Reduce -3.5% 1.87% −0.17
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -2.5% 2.37% −0.12
PG The Procter & Gamble Co. Reduce -0.5% 0.43% −0.11
AGG iShares Core U.S. Aggregate Reduce -68.1% 0.03% −0.06
BSV Vanguard Short-Term Bond ETF Reduce -22.3% 0.14% −0.06
KMB Kimberly-Clark Corp. Reduce -63.3% 0.02% −0.06
UNH Unitedhealth Group Inc. Reduce -19.0% 0.18% −0.06
IEI iShares 3-7 Year Treasury Bo Reduce -15.7% 0.17% −0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.2% 0.60% −0.06
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.9% 0.79% −0.05
MUB iShares National Muni Bond E Reduce -3.9% 0.34% −0.05
VCIT Vanguard Int-Term Corporate Reduce -4.8% 0.28% −0.05
IVV iShares Core S&P 500 ETF Reduce -2.8% 0.86% −0.05
V Visa Inc. Class A Reduce -3.5% 0.23% −0.04
KR Kroger Co. Reduce -9.9% 0.10% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.4% 0.32% −0.04
NVDA Nvidia Corp. Reduce -11.3% 0.47% −0.04
MAS Masco Corp. Reduce -40.0% 0.04% −0.04
VZ Verizon Communications Inc. Reduce -30.1% 0.05% −0.04
VUG Vanguard Mrngstar GR ETF-Sui Reduce -5.0% 0.46% −0.03
EBAY eBay Inc. Reduce -36.3% 0.06% −0.03
EOG EOG Resources Inc. Sold out 0.00% −0.03
AVLV Avantis US Large Cap Value Reduce -30.4% 0.06% −0.03
ACN Accenture PLC Class A Reduce -13.7% 0.06% −0.03
MBB iShares MBS ETF Reduce -50.7% 0.02% −0.03
CMCSA Comcast Corp. Class A Reduce -26.7% 0.03% −0.02
BMY Bristol-Myers Squibb Co. Reduce -35.5% 0.05% −0.02
HD Home Depot Inc. Reduce -7.5% 0.08% −0.02
JVAL JPMorgan US Value Factor ETF Sold out 0.00% −0.02
IVW iShares S&P 500 Growth ETF Reduce -1.6% 0.86% −0.02
SCZ iShares MSCI Eafe Small-Cap Reduce -9.8% 0.13% −0.02
JPM JPMorgan Chase & Co. Reduce -5.2% 0.30% −0.02
META Meta Platforms Inc. Class A Reduce -0.8% 0.08% −0.02
COST Costco Wholesale Corp. Reduce -0.3% 0.07% −0.02
SHY iShares 1-3 Year Treasury Bo Reduce -27.3% 0.04% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -0.4% 0.24% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -12.9% 0.12% −0.02
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.02
DG Dollar General Corp. Reduce -46.3% 0.02% −0.02
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.02
ELV Elevance Health Inc. Reduce -15.7% 0.03% −0.02
TRV The Travelers Cos Inc. Reduce -5.2% 0.16% −0.02
VOOG Vanguard S&P 500 Growth ETF Sold out 0.00% −0.02
ORLY O'reilly Automotive Inc. Reduce -4.5% 0.09% −0.01
BKNG Booking Holdings Inc. Reduce -14.5% 0.03% −0.01
IEMG iShares Core MSCI Emerging Reduce -2.0% 0.47% −0.01

Portfolio Buys Q3 2025 → Q4 2025

DFCF Dimensional Core Fixed Inc. Add +1342.6% 5.52% +5.09
VGIT Vanguard Intermediate-Term T Add +1959.3% 4.06% +3.84
JMTG Mortgage-Backed Securities New 3.13% +3.13
VCRB Vanguard Core Bond ETF New 0.78% +0.78
LRGF iShares US Equity Factor ETF Add +34.7% 0.98% +0.22
IEF iShares 7-10 Year Treasury B Add +121.3% 0.31% +0.15
DFLV Dim US Large Cap Value ETF Add +12.7% 1.38% +0.13
SMLF iShares US Smallcap Equity F Add +5.8% 3.26% +0.10
DFIV Dimensional International Va Add +1.2% 1.17% +0.05
INTF iShares International Equity Add +9.8% 0.57% +0.04
JMST JPM Ultra-Short Muni Income New 0.03% +0.03
LLY Eli Lilly & Co. Add +11.4% 0.10% +0.03
TSM Taiwan Semiconductor-SP ADR Add +37.4% 0.07% +0.03
EXPE Expedia Group Inc. Add +6.0% 0.06% +0.02
BA The Boeing Co. Add +55.5% 0.07% +0.02
CAT Caterpillar Inc. Add +5.8% 0.07% +0.02
SLV iShares Silver Trust New 0.02% +0.02
ESGV Vanguard ESG US Stock ETF New 0.02% +0.02
GE General Electric Add +53.4% 0.04% +0.02
RTX RTX Corp. Add +17.2% 0.07% +0.02
LRCX Lam Research Corp. New 0.02% +0.02
NUE Nucor Corp. New 0.02% +0.02
GRID First TRST Nasd Class Edg Sgiif New 0.02% +0.02
IBIT iShares Bitcoin Trust ETF New 0.01% +0.01
STX Seagate Technology Holdings New 0.01% +0.01
HON Honeywell International Inc. New 0.01% +0.01
LHX L3HARRIS Technologies Inc. New 0.01% +0.01
PYPL PayPal Holdings Inc. New 0.01% +0.01
BOTZ Global X Robotics & Artifici New 0.01% +0.01
PWR Quanta Services Inc. New 0.01% +0.01
GWW WW Grainger Inc. New 0.01% +0.01
GEV GE Vernova Inc. Add +79.6% 0.02% +0.01
LULU Lululemon Athletica Inc. New 0.01% +0.01
AMAT Applied Materials Inc. Add +9.6% 0.04% +0.01
IAU iShares Gold Trust New 0.01% +0.01
PPA Invesco Aerospace & Defense New 0.01% +0.01
PLTR Palantir Technologies Inc. Class A Add +13.9% 0.04% +0.01
BCO The Brink's Co. New 0.01% +0.01
AIQ Global X Art Intel & Tech New 0.01% +0.01
DFIC Dimensional International Co. New 0.01% +0.01
FLNC Fluence Energy Inc. New 0.01% +0.01
INTC Intel Corp. New 0.01% +0.01
PPG PPG Industries Inc. New 0.01% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +25.9% 0.06% +0.01
TER Teradyne Inc. New 0.01% +0.01
TDY Teledyne Technologies Inc. New 0.01% +0.01
XLV SS Health Care Select Sector New 0.01% +0.01
EMGF iShares Emerging Markets Equ New 0.01% +0.01
PFG Principal Financial Group New 0.01% +0.01
PGR Progressive Corp. New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 384$2.5BVOO, VEA, DFCF, VGIT, IJR
Q1 2026 383$2.3BVOO, VEA, DFCF, VGIT, IJR
Q4 2025 297$2.2BVOO, VEA, DFCF, IJR, IJH
Q3 2025 266$2.0BVOO, BND, VEA, VGSH, IJR
Q2 2025 245$1.8BVOO, BND, VEA, VGSH, IJR
Q1 2025 298$1.7BVOO, BND, VEA, VGSH, IJR
Q4 2024 301$1.7BVOO, BND, VEA, IJR, VGSH
Q3 2024Amended 299$1.7BVOO, BND, VEA, IJR, IJH
Q2 2024 289$1.6BVOO, BND, VEA, IJR, VGSH
Q1 2024 286$1.5BVOO, BND, VEA, IJR, IJH