Adero Partners, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Adero Partners, LLC reported 204 stock positions worth $1.3 billion. Its top holding was Dimensional US High Profi Et (DUHP) at 16.0% of the portfolio, followed by Dimensional International Hi (DIHP, 11.9%) and Avantis U.S. Equity ETF (AVUS, 9.0%). Compared with Q4 2023, it opened 20 new positions, sold out of 8, added to 62 and reduced 81. The biggest buy was Dimensional US Real Est ETF (DFAR, shares +1077%) and the biggest sale Snowflake (SNOW, shares −6%).

Most Recent 13F
Q1 2025
Location
PLEASANTON, CA
CIK
0001800593
Portfolio Value
$1.3B (Q1 2024)
SEC Filing
0001765380-24-000170 ↗ filed Apr 29, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B $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 Q1 2025

Holdings 204 stocks · $1.3B
DUHP Dimensional US High Profi Et 16.01% 6,691,202 $211.5M Reduce -0.2%
DIHP Dimensional International Hi 11.92% 5,844,392 $157.4M Add +0.6%
AVUS Avantis U.S. Equity ETF 9.03% 1,333,417 $119.3M Add +7.1%
AVDE Avantis International Equity 4.77% 989,422 $63.1M Add +8.4%
DFAC Dimensional US Core Equity 2 4.21% 1,738,694 $55.6M Reduce -6.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 4.17% 4,615,277 $55.1M Reduce -10.3%
AVEM Avantis Emerging Markets Eq 3.62% 825,490 $47.8M Add +9.5%
DFAR Dimensional US Real Est ETF 3.37% 1,992,838 $44.6M Add +1076.6%
DFAS Dimensional US Small Cap ETF 3.26% 690,303 $43.0M Add +5.0%
DASH DoorDash Inc. Class A 2.80% 268,582 $37.0M Reduce -8.4%
SNOW Snowflake Inc. 2.67% 217,986 $35.2M Reduce -6.1%
CCC CCC Intelligent Solutions Ho 2.39% 2,645,275 $31.6M Reduce -12.5%
DDOG Datadog Inc. Class A 2.34% 250,585 $31.0M Reduce -7.7%
NVDA Nvidia Corp. 1.58% 23,143 $20.9M Reduce -0.2%
PCOR Procore Technologies Inc. 1.44% 231,696 $19.0M Reduce -2.0%
DFAT Dimensional US Target Value 1.24% 300,300 $16.3M Reduce -2.5%
DFUS Dimensional US Eq MKT ETF 1.21% 281,189 $16.0M Reduce -0.1%
AAPL Apple Inc. 1.19% 91,483 $15.7M Reduce -8.2%
DFSU Dimensional US Sus CORE1 ETF 1.17% 448,318 $15.4M Add +14.3%
DFSI Dimensional Int Sus COR1 ETF 1.13% 443,883 $14.9M Add +17.1%
UBER Uber Technologies Inc. 1.08% 185,495 $14.3M Reduce -3.4%
VOO Vanguard S&P 500 ETF 0.95% 26,180 $12.6M Add +0.3%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.88% 1,183,779 $11.6M Reduce -11.4%
GOOG Alphabet Inc. Class C 0.83% 72,203 $11.0M Add +47.9%
META Meta Platforms Inc. Class A 0.64% 17,280 $8.4M Reduce -9.1%
MSFT Microsoft Corp. 0.61% 19,123 $8.0M Reduce -6.9%
IQLT iShares MSCI International Q 0.60% 198,351 $7.9M Reduce -0.7%
DT Dynatrace Inc. 0.59% 166,690 $7.7M Reduce -12.1%
DFAI Dimensional International Co. 0.56% 243,464 $7.4M Reduce -8.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.52% 13,112 $6.9M Reduce -1.2%
GOOGL Alphabet Inc. Class A 0.43% 37,666 $5.7M Add +38.4%
DAY Dayforce Inc. 0.41% 81,412 $5.4M Reduce -2.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.40% 22,179 $5.3M No change
DFSE Dimensional Em Sus CORE1 ETF 0.39% 160,045 $5.2M Add +19.9%
ABNB Airbnb Inc. Class A 0.35% 27,846 $4.6M Reduce -3.6%
QUAL iShares MSCI USA Quality Fac 0.32% 25,384 $4.2M Reduce -1.1%
RLX RLX Technology Inc.-ADR 0.32% 2,171,163 $4.2M Reduce -0.1%
AMZN Amazon.com Inc. 0.29% 21,042 $3.8M Reduce -9.6%
VTWO Vanguard Russell 2000 ETF 0.26% 40,866 $3.5M Reduce -2.1%
VXUS Vanguard Total Intl Stock 0.26% 56,163 $3.4M No change
JPM JPMorgan Chase & Co. 0.26% 16,826 $3.4M Add +0.7%
IWM iShares Russell 2000 ETF 0.24% 15,276 $3.2M Reduce -1.1%
BABA Alibaba Group Holding-SP ADR 0.23% 42,466 $3.1M Add +0.5%
LYFT LYFT Inc. Class A 0.23% 153,669 $3.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.22% 6,998 $2.9M Add +3.1%
TSLA Tesla Inc. 0.22% 16,596 $2.9M Add +4.9%
CRWD CrowdStrike Holdings Inc. Class A 0.21% 8,716 $2.8M Reduce -15.6%
DFIV Dimensional International Va 0.20% 73,286 $2.7M Reduce -0.4%
NOW ServiceNow Inc. 0.20% 3,444 $2.6M Reduce -0.4%
MDB Mongodb Inc. 0.20% 7,311 $2.6M No change
VT Vanguard Tot World STK ETF 0.20% 23,579 $2.6M Add +0.0%
TWLO Twilio Inc. Class A 0.19% 40,450 $2.5M Reduce -7.2%
VNQ Vanguard Real Estate ETF 0.19% 28,504 $2.5M Reduce -13.4%
BIV Vanguard Intermediate-Term B 0.18% 31,460 $2.4M Add +5.8%
SPLV Invesco S&P 500 Low Volatili 0.18% 35,755 $2.4M Reduce -7.4%
RBLX Roblox Corp. Class A 0.17% 60,031 $2.3M Reduce -0.8%
DFAE Dimensional Emerging Core Eq 0.17% 89,952 $2.2M Reduce -1.4%
LSPD Lightspeed Commerce Inc. 0.17% 158,131 $2.2M No change
VTI VG Morningstar TS MKT ETF-US 0.17% 8,452 $2.2M Add +16.3%
WFC Wells Fargo & Co. 0.16% 36,616 $2.1M Add +60.2%
DFUV Dimensional US Marketwide Va 0.16% 51,797 $2.1M Reduce -24.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.16% 8,328 $2.1M No change
INTU Intuit Inc. 0.15% 3,129 $2.0M Reduce -0.5%
IWD iShares Russell 1000 Value E 0.13% 9,266 $1.7M Reduce -1.4%
BSV Vanguard Short-Term Bond ETF 0.12% 20,677 $1.6M Add +3.0%
DVY iShares Select Dividend ETF 0.12% 12,630 $1.6M No change
QQQ Invesco QQQ Trust Series 1 0.12% 3,477 $1.5M Reduce -3.3%
AMD Advanced Micro Devices 0.12% 8,516 $1.5M Add +0.3%
IWB iShares Russell 1000 ETF 0.11% 4,991 $1.4M No change
JNJ Johnson & Johnson 0.11% 8,842 $1.4M Add +4.6%
SCHX Schwab US Large-Cap ETF 0.10% 22,245 $1.4M Reduce -1.8%
VB Vanguard Most SM-Cap ETF-Usd 0.10% 5,715 $1.3M No change
CRM Salesforce Inc. 0.10% 4,334 $1.3M Reduce -3.0%
WEAV Weave Communications Inc. 0.09% 98,050 $1.1M No change
IVV iShares Core S&P 500 ETF 0.08% 2,057 $1.1M No change
FBTC Fidelity Wise Origin Bitcoin 0.08% 17,223 $1.1M New
VEA Vanguard Ftse Developed ETF 0.08% 21,017 $1.1M Reduce -4.8%
MA Mastercard Inc. Class A 0.08% 2,116 $1.0M Add +16.8%
BOXX Alpha Architect 1-3 MNTH Box 0.08% 9,420 $1.0M New
IWF iShares Russell 1000 Growth 0.07% 2,900 $977K Reduce -7.0%
MDY State Street SPDR S&P Midcap 0.07% 1,734 $965K No change
AXP American Express Co. 0.07% 4,225 $962K Add +0.1%
V Visa Inc. Class A 0.07% 3,348 $934K Reduce -3.6%
SDY SS SPDR S&P Dividend ETF 0.07% 6,875 $902K No change
IEFA iShares Core MSCI Eafe ETF 0.06% 11,101 $824K Reduce -3.7%
HD Home Depot Inc. 0.06% 2,145 $823K Reduce -6.9%
VXF Vanguard Extended Market ETF 0.06% 4,646 $814K No change
SCZ iShares MSCI Eafe Small-Cap 0.06% 12,726 $806K Reduce -18.5%
LLY Eli Lilly & Co. 0.06% 999 $777K Add +19.8%
PG The Procter & Gamble Co. 0.06% 4,760 $772K Reduce -3.2%
AMAT Applied Materials Inc. 0.06% 3,581 $739K Add +12.9%
CVX Chevron Corp. 0.05% 4,552 $718K Add +0.8%
NKE Nike Inc. Class B 0.05% 7,406 $696K Reduce -2.6%
MRK Merck & Co. Inc. 0.05% 5,229 $690K Reduce -12.0%
SPOT Spotify Technology SA 0.05% 2,605 $687K Reduce -13.6%
SCHG Schwab US Large-Cap Growth 0.05% 7,140 $662K Add +0.1%
TXN Texas Instruments Inc. 0.05% 3,787 $660K Add +12.7%
VWO Vanguard Ftse Emerging Marke 0.05% 15,526 $649K Reduce -3.2%
NVO Novo-Nordisk A/S-Spons ADR 0.05% 4,956 $636K Add +34.3%
SNAP Snap Inc. Class A 0.05% 53,825 $618K No change

Show all 204 holdings

Portfolio Sells Q4 2023 → Q1 2024
SNOW Snowflake Inc. Reduce -6.1% 2.67% −1.26
CCC CCC Intelligent Solutions Ho Reduce -12.5% 2.39% −0.53
DDOG Datadog Inc. Class A Reduce -7.7% 2.34% −0.45
AAPL Apple Inc. Reduce -8.2% 1.19% −0.44
DFAC Dimensional US Core Equity 2 Reduce -6.0% 4.21% −0.39
DT Dynatrace Inc. Reduce -12.1% 0.59% −0.29
DUHP Dimensional US High Profi Et Reduce -0.2% 16.01% −0.27
VGSR Vert GLB Sust Re ETF Reduce -11.4% 0.88% −0.25
DFAT Dimensional US Target Value Reduce -2.5% 1.24% −0.13
TWLO Twilio Inc. Class A Reduce -7.2% 0.19% −0.09
DFAI Dimensional International Co. Reduce -8.8% 0.56% −0.09
DAY Dayforce Inc. Reduce -2.5% 0.41% −0.07
RBLX Roblox Corp. Class A Reduce -0.8% 0.17% −0.06
VNQ Vanguard Real Estate ETF Reduce -13.4% 0.19% −0.06
DFUV Dimensional US Marketwide Va Reduce -24.7% 0.16% −0.06
RLX RLX Technology Inc.-ADR Reduce -0.1% 0.32% −0.05
MSFT Microsoft Corp. Reduce -6.9% 0.61% −0.05
IQLT iShares MSCI International Q Reduce -0.7% 0.60% −0.04
ROK Rockwell Automation Inc. Sold out 0.00% −0.03
SPLV Invesco S&P 500 Low Volatili Reduce -7.4% 0.18% −0.03
BA The Boeing Co. Reduce -15.9% 0.03% −0.03
DFUS Dimensional US Eq MKT ETF Reduce -0.1% 1.21% −0.03
VTWO Vanguard Russell 2000 ETF Reduce -2.1% 0.26% −0.02
DFGR Dim Global Real Estate ETF Reduce -31.3% 0.03% −0.02
SCZ iShares MSCI Eafe Small-Cap Reduce -18.5% 0.06% −0.02
IWM iShares Russell 2000 ETF Reduce -1.1% 0.24% −0.02
SBUX Starbucks Corp. Sold out 0.00% −0.02
QYLD Global X Nasd 100 Cov Call Reduce -51.6% 0.02% −0.02
KLAC KLA Corp. Sold out 0.00% −0.02
DFAE Dimensional Emerging Core Eq Reduce -1.4% 0.17% −0.02
UNH Unitedhealth Group Inc. Reduce -17.5% 0.04% −0.02
NKE Nike Inc. Class B Reduce -2.6% 0.05% −0.02
IOT Samsara Inc. Class A Reduce -40.1% 0.03% −0.02
SCHW Schwab (charles) Corp. Sold out 0.00% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.2% 0.52% −0.02
AMZN Amazon.com Inc. Reduce -9.6% 0.29% −0.01
INTU Intuit Inc. Reduce -0.5% 0.15% −0.01
CRWD CrowdStrike Holdings Inc. Class A Reduce -15.6% 0.21% −0.01
NFLX Netflix Inc. Reduce -29.6% 0.04% −0.01
SCTXX Schwab Amt Tax FR MNY-Ultra Sold out 0.00% −0.01
DFIV Dimensional International Va Reduce -0.4% 0.20% −0.01
PATH Uipath Inc. Class A Reduce -18.3% 0.02% −0.01
VEA Vanguard Ftse Developed ETF Reduce -4.8% 0.08% −0.01
COST Costco Wholesale Corp. Reduce -37.4% 0.02% −0.01
NOW ServiceNow Inc. Reduce -0.4% 0.20% −0.01
ACN Accenture PLC Class A Reduce -12.1% 0.03% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -3.3% 0.12% −0.01
UMC United Microelectron-SP ADR Sold out 0.00% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -3.2% 0.05% −0.01
CMF iShares California Muni Bond Reduce -4.8% 0.04% −0.01

Portfolio Buys Q4 2023 → Q1 2024
DFAR Dimensional US Real Est ETF Add +1076.6% 3.37% +3.05
AVUS Avantis U.S. Equity ETF Add +7.1% 9.03% +0.42
GOOG Alphabet Inc. Class C Add +47.9% 0.83% +0.25
DFSU Dimensional US Sus CORE1 ETF Add +14.3% 1.17% +0.13
GOOGL Alphabet Inc. Class A Add +38.4% 0.43% +0.11
DFSI Dimensional Int Sus COR1 ETF Add +17.1% 1.13% +0.10
AVDE Avantis International Equity Add +8.4% 4.77% +0.09
FBTC Fidelity Wise Origin Bitcoin New 0.08% +0.08
BOXX Alpha Architect 1-3 MNTH Box New 0.08% +0.08
WFC Wells Fargo & Co. Add +60.2% 0.16% +0.07
CART Maplebear Inc. New 0.04% +0.04
DFSE Dimensional Em Sus CORE1 ETF Add +19.9% 0.39% +0.03
MU Micron Technology Inc. New 0.03% +0.03
BX Blackstone Inc. New 0.02% +0.02
PSX Phillips 66 New 0.02% +0.02
VTI VG Morningstar TS MKT ETF-US Add +16.3% 0.17% +0.02
WSM Williams-Sonoma Inc. New 0.02% +0.02
KB KB Financial Group Inc.-ADR New 0.02% +0.02
LLY Eli Lilly & Co. Add +19.8% 0.06% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +3.1% 0.22% +0.02
CL Colgate-Palmolive Co. New 0.02% +0.02
JEPQ JPM Nasdaq Equity Premium New 0.02% +0.02
TROW T Rowe Price Group Inc. New 0.02% +0.02
TSM Taiwan Semiconductor-SP ADR Add +33.2% 0.05% +0.02
NVO Novo-Nordisk A/S-Spons ADR Add +34.3% 0.05% +0.02
MRSH Marsh & McLennan Cos Add +80.1% 0.04% +0.02
QCOM Qualcomm Inc. New 0.02% +0.02
SCHD Schwab US DVD Equity ETF New 0.02% +0.02
INFY Infosys Ltd.-SP ADR New 0.01% +0.01
JPM JPMorgan Chase & Co. Add +0.7% 0.26% +0.01
AVEM Avantis Emerging Markets Eq Add +9.5% 3.62% +0.01
AMAT Applied Materials Inc. Add +12.9% 0.06% +0.01
MA Mastercard Inc. Class A Add +16.8% 0.08% +0.01
AMD Advanced Micro Devices Add +0.3% 0.12% +0.01
NOK Nokia Corp.-Spon ADR New 0.01% +0.01
AXP American Express Co. Add +0.1% 0.07% +0.01
FINV Finvolution Group-ADR New 0.01% +0.01
ICL Icl Group Ltd. New 0.01% +0.01
BLND Blend Labs Inc. Class A New 0.01% +0.01
ABBV Abbvie Inc. Add +8.7% 0.04% +0.01
WIT Wipro Ltd.-ADR New 0.01% +0.01
BLDR Builders Firstsource Inc. Add +0.2% 0.04% +0.00
MFG Mizuho Financial Group-ADR New 0.00% +0.00
AVGO Broadcom Inc. Add +6.0% 0.03% +0.00
VIG Vanguard Dividend Apprec ETF Add +16.6% 0.03% +0.00
ASML ASML Holding NV-NY Reg SHS Add +1.2% 0.02% +0.00
GWW WW Grainger Inc. Add +2.6% 0.03% +0.00
STLA Stellantis NV Add +3.9% 0.02% +0.00
SAN Banco Santander SA-Spon ADR Add +6.3% 0.02% +0.00
VOD Vodafone Group PLC-SP ADR Add +36.2% 0.01% +0.00

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