Adero Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Adero Partners, LLC reported 259 stock positions worth $1.5 billion. Its top holding was Dimensional US High Profi Et (DUHP) at 15.3% of the portfolio, followed by Dimensional International Hi (DIHP, 11.4%) and Avantis U.S. Equity ETF (AVUS, 10.0%). Compared with Q4 2024, it opened 18 new positions, sold out of 21, added to 138 and reduced 69. The biggest buy was Dimensional International Hi (DIHP, shares +2%) and the biggest sale CCC Intelligent Solutions Ho (CCC, shares −12%).

Most Recent 13F
Q1 2025
Location
PLEASANTON, CA
CIK
0001800593
Portfolio Value
$1.5B (Q1 2025)
SEC Filing
0001765380-25-000145 ↗ filed Apr 17, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.5B $1.5B Q1 2025

Holdings 259 stocks · $1.5B
DUHP Dimensional US High Profi Et 15.28% 7,048,482 $233.6M Add +2.0%
DIHP Dimensional International Hi 11.38% 6,458,111 $174.0M Add +1.9%
AVUS Avantis U.S. Equity ETF 10.03% 1,659,169 $153.3M Add +5.9%
AVDE Avantis International Equity 5.29% 1,220,027 $80.9M Add +3.5%
DFAR Dimensional US Real Est ETF 4.87% 3,131,148 $74.4M Add +3.6%
AVEM Avantis Emerging Markets Eq 3.98% 1,010,464 $60.8M Add +5.2%
DFAC Dimensional US Core Equity 2 3.50% 1,623,446 $53.6M Reduce -2.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3.14% 4,682,782 $48.0M Reduce -0.0%
DFAS Dimensional US Small Cap ETF 3.08% 788,381 $47.1M Add +5.0%
DASH DoorDash Inc. Class A 2.90% 242,823 $44.4M Reduce -15.3%
CCC CCC Intelligent Solutions Ho 2.89% 4,890,424 $44.2M Reduce -11.6%
AAPL Apple Inc. 1.96% 134,925 $30.0M Add +0.8%
NVDA Nvidia Corp. 1.78% 251,619 $27.3M Reduce -1.6%
GOOG Alphabet Inc. Class C 1.54% 150,364 $23.5M Add +113.8%
SNOW Snowflake Inc. 1.52% 158,448 $23.2M Reduce -24.8%
DDOG Datadog Inc. Class A 1.51% 232,573 $23.1M Reduce -1.3%
DFSU Dimensional US Sus CORE1 ETF 1.32% 563,186 $20.2M Reduce -2.2%
DFSI Dimensional Int Sus COR1 ETF 1.29% 566,520 $19.8M Reduce -3.1%
PCOR Procore Technologies Inc. 1.21% 280,522 $18.5M Add +25.6%
DFUS Dimensional US Eq MKT ETF 1.11% 280,530 $17.0M No change
DFAT Dimensional US Target Value 0.95% 283,406 $14.6M Reduce -1.6%
VOO Vanguard S&P 500 ETF 0.93% 27,530 $14.1M Add +2.9%
UBER Uber Technologies Inc. 0.87% 183,365 $13.4M Reduce -1.3%
META Meta Platforms Inc. Class A 0.79% 21,080 $12.1M Add +3.3%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.67% 1,007,618 $10.2M Reduce -5.0%
MSFT Microsoft Corp. 0.63% 25,609 $9.6M Add +21.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.54% 14,690 $8.2M No change
DT Dynatrace Inc. 0.51% 164,515 $7.8M Reduce -1.4%
IQLT iShares MSCI International Q 0.47% 181,577 $7.2M Reduce -3.9%
DFSE Dimensional Em Sus CORE1 ETF 0.46% 210,308 $7.1M Add +1.9%
DFAI Dimensional International Co. 0.43% 210,492 $6.6M Reduce -1.5%
GOOGL Alphabet Inc. Class A 0.40% 39,967 $6.2M Add +0.9%
AMZN Amazon.com Inc. 0.37% 29,816 $5.7M Add +11.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.37% 21,909 $5.6M No change
TSLA Tesla Inc. 0.32% 18,813 $4.9M Add +22.6%
JPM JPMorgan Chase & Co. 0.32% 19,747 $4.8M Add +2.4%
DAY Dayforce Inc. 0.30% 79,292 $4.6M Reduce -2.7%
BRK.B Berkshire Hathaway Inc. Class B 0.26% 7,590 $4.0M Add +3.2%
RLX RLX Technology Inc.-ADR 0.25% 2,061,263 $3.9M No change
VTI VG Morningstar TS MKT ETF-US 0.25% 13,717 $3.8M Add +0.1%
RBLX Roblox Corp. Class A 0.23% 59,825 $3.5M Add +0.1%
VXUS Vanguard Total Intl Stock 0.22% 53,613 $3.3M Add +0.0%
ZM Zoom Communications Inc. 0.21% 44,153 $3.3M Add +701.5%
BRK.A Berkshire Hathaway Inc. Class A 0.21% 4 $3.2M New
VTWO Vanguard Russell 2000 ETF 0.21% 39,138 $3.2M Add +5.2%
ABNB Airbnb Inc. Class A 0.21% 26,340 $3.1M Reduce -2.3%
WFC Wells Fargo & Co. 0.20% 43,279 $3.1M Add +0.7%
BABA Alibaba Group Holding-SP ADR 0.20% 23,104 $3.1M Reduce -46.5%
IWM iShares Russell 2000 ETF 0.20% 15,053 $3.0M Reduce -0.1%
DFIV Dimensional International Va 0.19% 72,093 $2.8M Add +0.0%
NOW ServiceNow Inc. 0.18% 3,458 $2.8M Add +0.4%
QUAL iShares MSCI USA Quality Fac 0.18% 15,746 $2.7M Reduce -28.7%
BIV Vanguard Intermediate-Term B 0.17% 33,673 $2.6M Add +3.6%
VOOG Vanguard S&P 500 Growth ETF 0.17% 7,604 $2.5M Add +0.2%
VT Vanguard Tot World STK ETF 0.16% 21,074 $2.4M Add +0.0%
AXP American Express Co. 0.15% 8,780 $2.4M Add +0.7%
QQQ Invesco QQQ Trust Series 1 0.15% 4,923 $2.3M Add +1.3%
JNJ Johnson & Johnson 0.15% 13,487 $2.2M Add +1.9%
SPLV Invesco S&P 500 Low Volatili 0.15% 29,808 $2.2M Reduce -9.7%
CRWD CrowdStrike Holdings Inc. Class A 0.14% 6,281 $2.2M Reduce -17.2%
IWD iShares Russell 1000 Value E 0.13% 10,795 $2.0M Add +14.3%
DFAE Dimensional Emerging Core Eq 0.13% 74,190 $1.9M Reduce -5.7%
VNQ Vanguard Real Estate ETF 0.12% 21,019 $1.9M Reduce -5.5%
LYFT LYFT Inc. Class A 0.12% 154,044 $1.8M Add +0.2%
BSV Vanguard Short-Term Bond ETF 0.12% 22,874 $1.8M Add +1.5%
DFUV Dimensional US Marketwide Va 0.11% 41,280 $1.7M Reduce -5.1%
DVY iShares Select Dividend ETF 0.11% 12,630 $1.7M No change
IWB iShares Russell 1000 ETF 0.10% 4,991 $1.5M No change
V Visa Inc. Class A 0.10% 4,188 $1.5M Add +4.0%
SCHX Schwab US Large-Cap ETF 0.10% 66,265 $1.5M Reduce -0.1%
SPOT Spotify Technology SA 0.09% 2,635 $1.4M Add +0.7%
INTU Intuit Inc. 0.09% 2,256 $1.4M Add +1.0%
LSPD Lightspeed Commerce Inc. 0.09% 158,131 $1.4M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 5,140 $1.3M Reduce -20.2%
MA Mastercard Inc. Class A 0.09% 2,399 $1.3M Reduce -1.2%
IWF iShares Russell 1000 Growth 0.08% 3,568 $1.3M Add +21.6%
MDB Mongodb Inc. 0.08% 7,302 $1.3M Add +0.1%
NFLX Netflix Inc. 0.08% 1,341 $1.3M Add +5.8%
FBTC Fidelity Wise Origin Bitcoin 0.08% 17,252 $1.2M Add +0.3%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 5,579 $1.2M Add +0.6%
PG The Procter & Gamble Co. 0.08% 7,236 $1.2M Add +0.3%
RTX RTX Corp. 0.07% 8,452 $1.1M Add +0.6%
TSM Taiwan Semiconductor-SP ADR 0.07% 6,654 $1.1M Reduce -9.6%
VEA Vanguard Ftse Developed ETF 0.07% 21,709 $1.1M Add +0.1%
CVX Chevron Corp. 0.07% 6,377 $1.1M Add +22.6%
KO The Coca-Cola Co. 0.07% 14,804 $1.1M Add +5.1%
BOXX Alpha Architect 1-3 MNTH Box 0.07% 9,466 $1.1M Add +0.5%
LLY Eli Lilly & Co. 0.07% 1,270 $1.0M Add +11.5%
SDY SS SPDR S&P Dividend ETF 0.06% 7,092 $962K Reduce -0.1%
COST Costco Wholesale Corp. 0.06% 996 $942K Add +2.7%
HD Home Depot Inc. 0.06% 2,536 $929K Add +0.4%
VXF Vanguard Extended Market ETF 0.06% 5,310 $915K No change
MDY State Street SPDR S&P Midcap 0.06% 1,642 $876K No change
AMD Advanced Micro Devices 0.06% 8,445 $868K Reduce -5.8%
PLTR Palantir Technologies Inc. Class A 0.06% 10,121 $854K Reduce -32.8%
IVV iShares Core S&P 500 ETF 0.06% 1,501 $843K Add +1.8%
WMT Walmart Inc. 0.05% 9,094 $798K Add +6.8%
XOM Exxon Mobil Corp. 0.05% 6,599 $785K Add +11.0%
UNH Unitedhealth Group Inc. 0.05% 1,470 $770K Add +21.3%
TWLO Twilio Inc. Class A 0.05% 7,829 $767K Add +1.5%

Show all 259 holdings

Portfolio Sells Q4 2024 → Q1 2025
CCC CCC Intelligent Solutions Ho Reduce -11.6% 2.89% −1.29
DDOG Datadog Inc. Class A Reduce -1.3% 1.51% −0.66
SNOW Snowflake Inc. Reduce -24.8% 1.52% −0.58
NVDA Nvidia Corp. Reduce -1.6% 1.78% −0.43
DFAC Dimensional US Core Equity 2 Reduce -2.8% 3.50% −0.22
DASH DoorDash Inc. Class A Reduce -15.3% 2.90% −0.20
DFSU Dimensional US Sus CORE1 ETF Reduce -2.2% 1.32% −0.09
DAY Dayforce Inc. Reduce -2.7% 0.30% −0.08
DFAT Dimensional US Target Value Reduce -1.6% 0.95% −0.08
QUAL iShares MSCI USA Quality Fac Reduce -28.7% 0.18% −0.08
DT Dynatrace Inc. Reduce -1.4% 0.51% −0.08
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.05
BABA Alibaba Group Holding-SP ADR Reduce -46.5% 0.20% −0.04
VGSR Vert GLB Sust Re ETF Reduce -5.0% 0.67% −0.02
FNDA Schwab Fndmntl US SM Co. ETF Sold out 0.00% −0.02
FNDX Schwab Fndmntl US LRG Co. ETF Sold out 0.00% −0.02
CRM Salesforce Inc. Reduce -20.9% 0.04% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -20.2% 0.09% −0.02
ABNB Airbnb Inc. Class A Reduce -2.3% 0.21% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -17.2% 0.14% −0.02
TSM Taiwan Semiconductor-SP ADR Reduce -9.6% 0.07% −0.02
IWM iShares Russell 2000 ETF Reduce -0.1% 0.20% −0.02
PLTR Palantir Technologies Inc. Class A Reduce -32.8% 0.06% −0.02
CMF iShares California Muni Bond Reduce -36.1% 0.03% −0.02
URI United Rentals Inc. Sold out 0.00% −0.02
HUBB Hubbell Inc. Sold out 0.00% −0.01
WCC Wesco International Inc. Sold out 0.00% −0.01
EMR Emerson Electric Co. Sold out 0.00% −0.01
BNS Bank of Nova Scotia Sold out 0.00% −0.01
ROST Ross Stores Inc. Sold out 0.00% −0.01
TGT Target Corp. Sold out 0.00% −0.01
INFY Infosys Ltd.-SP ADR Reduce -44.0% 0.01% −0.01
CLS Celestica Inc. Sold out 0.00% −0.01
OKE Oneok Inc. Sold out 0.00% −0.01
GM General Motors Co. Sold out 0.00% −0.01
AMD Advanced Micro Devices Reduce -5.8% 0.06% −0.01
FLRN SS SPDR BB Ig Float RT ETF Sold out 0.00% −0.01
DECK Deckers Outdoor Corp. Sold out 0.00% −0.01
NVO Novo-Nordisk A/S-Spons ADR Reduce -27.5% 0.02% −0.01
RDY Dr. Reddy's Laboratories-ADR Sold out 0.00% −0.01
NKE Nike Inc. Class B Reduce -14.3% 0.03% −0.01
VTRS Viatris Inc. Sold out 0.00% −0.01
PATH Uipath Inc. Class A Sold out 0.00% −0.01
STLA Stellantis NV Sold out 0.00% −0.01
MRK Merck & Co. Inc. Reduce -7.8% 0.04% −0.01
ACN Accenture PLC Class A Reduce -16.8% 0.02% −0.01
AMAT Applied Materials Inc. Reduce -15.7% 0.02% −0.01
TROW T Rowe Price Group Inc. Reduce -4.4% 0.02% −0.01
ORCL Oracle Corp. Reduce -5.0% 0.02% −0.00
KB KB Financial Group Inc.-ADR Reduce -15.9% 0.02% −0.00

Portfolio Buys Q4 2024 → Q1 2025
DIHP Dimensional International Hi Add +1.9% 11.38% +1.08
GOOG Alphabet Inc. Class C Add +113.8% 1.54% +0.67
AVDE Avantis International Equity Add +3.5% 5.29% +0.62
AVEM Avantis Emerging Markets Eq Add +5.2% 3.98% +0.34
DFAR Dimensional US Real Est ETF Add +3.6% 4.87% +0.34
DUHP Dimensional US High Profi Et Add +2.0% 15.28% +0.24
AVUS Avantis U.S. Equity ETF Add +5.9% 10.03% +0.24
BRK.A Berkshire Hathaway Inc. Class A New 0.21% +0.21
ZM Zoom Communications Inc. Add +701.5% 0.21% +0.18
PCOR Procore Technologies Inc. Add +25.6% 1.21% +0.13
MSFT Microsoft Corp. Add +21.2% 0.63% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +3.2% 0.26% +0.05
SGOV iShares 0-3 Month Treasury B New 0.05% +0.05
META Meta Platforms Inc. Class A Add +3.3% 0.79% +0.02
JNJ Johnson & Johnson Add +1.9% 0.15% +0.02
DFSE Dimensional Em Sus CORE1 ETF Add +1.9% 0.46% +0.02
CVX Chevron Corp. Add +22.6% 0.07% +0.02
DFIV Dimensional International Va Add +0.0% 0.19% +0.02
IWD iShares Russell 1000 Value E Add +14.3% 0.13% +0.02
SPOT Spotify Technology SA Add +0.7% 0.09% +0.02
JPM JPMorgan Chase & Co. Add +2.4% 0.32% +0.02
INTC Intel Corp. New 0.02% +0.02
VYM Vanguard High DVD Yield ETF Add +118.1% 0.03% +0.02
AOA iShares Core 80/20 Aggressiv New 0.02% +0.02
AZN Astrazeneca PLC-Spons ADR New 0.02% +0.02
MO Altria Group Inc. New 0.01% +0.01
PGR Progressive Corp. New 0.01% +0.01
RELX Relx PLC - Spon ADR New 0.01% +0.01
BLK BlackRock Inc. New 0.01% +0.01
VXUS Vanguard Total Intl Stock Add +0.0% 0.22% +0.01
V Visa Inc. Class A Add +4.0% 0.10% +0.01
IHDG Wisdomtree International Hed New 0.01% +0.01
MFC Manulife Financial Corp. New 0.01% +0.01
IEMG iShares Core MSCI Emerging New 0.01% +0.01
JLL Jones Lang Lasalle Inc. New 0.01% +0.01
ROP Roper Technologies Inc. New 0.01% +0.01
KO The Coca-Cola Co. Add +5.1% 0.07% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +51.0% 0.04% +0.01
BIV Vanguard Intermediate-Term B Add +3.6% 0.17% +0.01
ABBV Abbvie Inc. Add +14.9% 0.04% +0.01
LLY Eli Lilly & Co. Add +11.5% 0.07% +0.01
BBVA Banco Bilbao Vizcaya-SP ADR New 0.01% +0.01
SAN Banco Santander SA-Spon ADR Add +5.4% 0.03% +0.01
SYK Stryker Corp. Add +51.7% 0.03% +0.01
UNH Unitedhealth Group Inc. Add +21.3% 0.05% +0.01
RTX RTX Corp. Add +0.6% 0.07% +0.01
NVS Novartis AG-Sponsored ADR Add +41.0% 0.03% +0.01
XOM Exxon Mobil Corp. Add +11.0% 0.05% +0.01
NFLX Netflix Inc. Add +5.8% 0.08% +0.01
VRTX Vertex Pharmaceuticals Inc. Add +2.5% 0.04% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 259$1.5BDUHP, DIHP, AVUS, AVDE, DFAR
Q4 2024 262$1.6BDUHP, DIHP, AVUS, AVDE, DFAR
Q3 2024 240$1.5BDUHP, DIHP, AVUS, DFAR, AVDE
Q2 2024 218$1.4BDUHP, DIHP, AVUS, DFAR, AVDE
Q1 2024 204$1.3BDUHP, DIHP, AVUS, AVDE, DFAC