Adero Partners, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Adero Partners, LLC reported 218 stock positions worth $1.4 billion. Its top holding was Dimensional US High Profi Et (DUHP) at 15.8% of the portfolio, followed by Dimensional International Hi (DIHP, 11.4%) and Avantis U.S. Equity ETF (AVUS, 9.1%). Compared with Q1 2024, it opened 24 new positions, sold out of 10, added to 97 and reduced 64. The biggest buy was Dimensional US Real Est ETF (DFAR, shares +48%) and the biggest sale DoorDash Class A (DASH, shares −0%).

Most Recent 13F
Q1 2025
Location
PLEASANTON, CA
CIK
0001800593
Portfolio Value
$1.4B (Q2 2024)
SEC Filing
0001765380-24-000244 ↗ filed Jul 30, 2024

Holdings Value

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

Holdings 218 stocks · $1.4B
DUHP Dimensional US High Profi Et 15.75% 6,751,837 $216.0M Add +0.9%
DIHP Dimensional International Hi 11.37% 5,921,256 $155.8M Add +1.3%
AVUS Avantis U.S. Equity ETF 9.15% 1,390,802 $125.4M Add +4.3%
DFAR Dimensional US Real Est ETF 4.75% 2,949,526 $65.2M Add +48.0%
AVDE Avantis International Equity 4.67% 1,029,188 $64.1M Add +4.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 4.29% 4,560,031 $58.8M Reduce -1.2%
DFAC Dimensional US Core Equity 2 4.01% 1,704,724 $55.0M Reduce -1.9%
AVEM Avantis Emerging Markets Eq 3.84% 862,635 $52.7M Add +4.5%
DFAS Dimensional US Small Cap ETF 3.13% 713,921 $42.9M Add +3.4%
DDOG Datadog Inc. Class A 2.37% 250,572 $32.5M Reduce -0.0%
SNOW Snowflake Inc. 2.35% 238,365 $32.2M Add +9.3%
NVDA Nvidia Corp. 2.16% 239,952 $29.6M Add +3.7%
CCC CCC Intelligent Solutions Ho 2.14% 2,645,275 $29.4M No change
DASH DoorDash Inc. Class A 2.13% 268,567 $29.2M Reduce -0.0%
AAPL Apple Inc. 1.92% 125,085 $26.3M Add +36.7%
DFSU Dimensional US Sus CORE1 ETF 1.27% 500,611 $17.5M Add +11.7%
DFUS Dimensional US Eq MKT ETF 1.20% 280,530 $16.5M Reduce -0.2%
DFSI Dimensional Int Sus COR1 ETF 1.19% 497,314 $16.4M Add +12.0%
DFAT Dimensional US Target Value 1.12% 296,989 $15.4M Reduce -1.1%
PCOR Procore Technologies Inc. 1.08% 224,062 $14.9M Reduce -3.3%
UBER Uber Technologies Inc. 0.98% 185,623 $13.5M Add +0.1%
VOO Vanguard S&P 500 ETF 0.98% 26,730 $13.4M Add +2.1%
GOOG Alphabet Inc. Class C 0.96% 71,579 $13.1M Reduce -0.9%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.78% 1,106,051 $10.7M Reduce -6.6%
MSFT Microsoft Corp. 0.63% 19,383 $8.7M Add +1.4%
META Meta Platforms Inc. Class A 0.63% 17,014 $8.6M Reduce -1.5%
IQLT iShares MSCI International Q 0.55% 194,675 $7.6M Reduce -1.9%
DT Dynatrace Inc. 0.54% 166,707 $7.5M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.52% 13,038 $7.1M Reduce -0.6%
GOOGL Alphabet Inc. Class A 0.52% 38,827 $7.1M Add +3.1%
DFAI Dimensional International Co. 0.50% 232,627 $6.9M Reduce -4.5%
DFSE Dimensional Em Sus CORE1 ETF 0.43% 174,830 $5.8M Add +9.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.40% 22,179 $5.5M No change
QUAL iShares MSCI USA Quality Fac 0.31% 24,974 $4.3M Reduce -1.6%
ABNB Airbnb Inc. Class A 0.31% 27,835 $4.2M Reduce -0.0%
AMZN Amazon.com Inc. 0.30% 21,107 $4.1M Add +0.3%
DAY Dayforce Inc. 0.29% 81,419 $4.0M Add +0.0%
RLX RLX Technology Inc.-ADR 0.29% 2,171,163 $4.0M No change
JPM JPMorgan Chase & Co. 0.27% 18,404 $3.7M Add +9.4%
VTI VG Morningstar TS MKT ETF-US 0.24% 12,212 $3.3M Add +44.5%
CRWD CrowdStrike Holdings Inc. Class A 0.24% 8,513 $3.3M Reduce -2.3%
VTWO Vanguard Russell 2000 ETF 0.23% 38,910 $3.2M Reduce -4.8%
VXUS Vanguard Total Intl Stock 0.23% 52,886 $3.2M Reduce -5.8%
IWM iShares Russell 2000 ETF 0.23% 15,234 $3.1M Reduce -0.3%
TSLA Tesla Inc. 0.22% 15,470 $3.1M Reduce -6.8%
BABA Alibaba Group Holding-SP ADR 0.22% 42,417 $3.1M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 7,356 $3.0M Add +5.1%
NOW ServiceNow Inc. 0.20% 3,436 $2.7M Reduce -0.2%
VT Vanguard Tot World STK ETF 0.19% 23,585 $2.7M Add +0.0%
DFIV Dimensional International Va 0.19% 72,998 $2.6M Reduce -0.4%
BIV Vanguard Intermediate-Term B 0.17% 31,224 $2.3M Reduce -0.8%
RBLX Roblox Corp. Class A 0.16% 60,034 $2.2M Add +0.0%
SPLV Invesco S&P 500 Low Volatili 0.16% 34,315 $2.2M Reduce -4.0%
WFC Wells Fargo & Co. 0.16% 36,764 $2.2M Add +0.4%
LYFT LYFT Inc. Class A 0.16% 153,669 $2.2M No change
LSPD Lightspeed Commerce Inc. 0.16% 158,131 $2.2M No change
DFAE Dimensional Emerging Core Eq 0.16% 82,657 $2.1M Reduce -8.1%
QQQ Invesco QQQ Trust Series 1 0.15% 4,369 $2.1M Add +25.6%
VNQ Vanguard Real Estate ETF 0.15% 24,781 $2.1M Reduce -13.1%
DFUV Dimensional US Marketwide Va 0.14% 49,801 $2.0M Reduce -3.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.14% 7,968 $1.9M Reduce -4.3%
MDB Mongodb Inc. 0.13% 7,292 $1.8M Reduce -0.3%
BSV Vanguard Short-Term Bond ETF 0.13% 23,255 $1.8M Add +12.5%
INTU Intuit Inc. 0.12% 2,587 $1.7M Reduce -17.3%
IWD iShares Russell 1000 Value E 0.12% 9,450 $1.6M Add +2.0%
DVY iShares Select Dividend ETF 0.11% 12,630 $1.5M No change
JNJ Johnson & Johnson 0.11% 10,318 $1.5M Add +16.7%
IWB iShares Russell 1000 ETF 0.11% 4,991 $1.5M No change
AMD Advanced Micro Devices 0.10% 8,799 $1.4M Add +3.3%
SCHX Schwab US Large-Cap ETF 0.10% 21,964 $1.4M Reduce -1.3%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 5,648 $1.2M Reduce -1.2%
CRM Salesforce Inc. 0.08% 4,392 $1.1M Add +1.3%
AXP American Express Co. 0.08% 4,870 $1.1M Add +15.3%
IWF iShares Russell 1000 Growth 0.08% 2,934 $1.1M Add +1.2%
VEA Vanguard Ftse Developed ETF 0.08% 21,016 $1.0M Reduce 0.0%
BOXX Alpha Architect 1-3 MNTH Box 0.07% 9,420 $1.0M No change
TSM Taiwan Semiconductor-SP ADR 0.07% 5,569 $968K Add +25.4%
LLY Eli Lilly & Co. 0.07% 1,037 $939K Add +3.8%
IVV iShares Core S&P 500 ETF 0.07% 1,704 $932K Reduce -17.2%
MDY State Street SPDR S&P Midcap 0.07% 1,734 $928K No change
V Visa Inc. Class A 0.07% 3,489 $916K Add +4.2%
FBTC Fidelity Wise Origin Bitcoin 0.07% 17,223 $904K No change
SDY SS SPDR S&P Dividend ETF 0.07% 7,100 $903K Add +3.3%
COST Costco Wholesale Corp. 0.07% 1,056 $897K Add +269.2%
SNAP Snap Inc. Class A 0.07% 53,980 $897K Add +0.3%
WEAV Weave Communications Inc. 0.06% 98,050 $884K No change
MA Mastercard Inc. Class A 0.06% 1,947 $859K Reduce -8.0%
PG The Procter & Gamble Co. 0.06% 5,033 $830K Add +5.7%
RTX RTX Corp. 0.06% 8,223 $826K Add +41.6%
MRK Merck & Co. Inc. 0.06% 6,653 $824K Add +27.2%
SPOT Spotify Technology SA 0.06% 2,608 $818K Add +0.1%
IEFA iShares Core MSCI Eafe ETF 0.06% 10,793 $784K Reduce -2.8%
VXF Vanguard Extended Market ETF 0.06% 4,486 $757K Reduce -3.4%
CVX Chevron Corp. 0.05% 4,790 $749K Add +5.2%
HD Home Depot Inc. 0.05% 2,167 $746K Add +1.0%
NVO Novo-Nordisk A/S-Spons ADR 0.05% 5,156 $736K Add +4.0%
TXN Texas Instruments Inc. 0.05% 3,732 $726K Reduce -1.4%
SCHG Schwab US Large-Cap Growth 0.05% 7,092 $715K Reduce -0.7%
CMF iShares California Muni Bond 0.05% 12,279 $698K Add +50.5%
AMAT Applied Materials Inc. 0.05% 2,937 $693K Reduce -18.0%

Show all 218 holdings

Portfolio Sells Q1 2024 → Q2 2024
DASH DoorDash Inc. Class A Reduce -0.0% 2.13% −0.67
PCOR Procore Technologies Inc. Reduce -3.3% 1.08% −0.36
DFAC Dimensional US Core Equity 2 Reduce -1.9% 4.01% −0.20
TWLO Twilio Inc. Class A Reduce -76.6% 0.04% −0.15
DFAT Dimensional US Target Value Reduce -1.1% 1.12% −0.11
VGSR Vert GLB Sust Re ETF Reduce -6.6% 0.78% −0.10
MDB Mongodb Inc. Reduce -0.3% 0.13% −0.07
DFAI Dimensional International Co. Reduce -4.5% 0.50% −0.05
CART Maplebear Inc. Sold out 0.00% −0.04
IQLT iShares MSCI International Q Reduce -1.9% 0.55% −0.04
ABNB Airbnb Inc. Class A Reduce -0.0% 0.31% −0.04
BLDR Builders Firstsource Inc. Sold out 0.00% −0.04
VNQ Vanguard Real Estate ETF Reduce -13.1% 0.15% −0.04
DFGR Dim Global Real Estate ETF Sold out 0.00% −0.03
VTWO Vanguard Russell 2000 ETF Reduce -4.8% 0.23% −0.03
INTU Intuit Inc. Reduce -17.3% 0.12% −0.03
SCZ iShares MSCI Eafe Small-Cap Reduce -42.3% 0.03% −0.03
VXUS Vanguard Total Intl Stock Reduce -5.8% 0.23% −0.02
BX Blackstone Inc. Sold out 0.00% −0.02
PEG Public Service Enterprise GP Sold out 0.00% −0.02
DFUV Dimensional US Marketwide Va Reduce -3.9% 0.14% −0.02
IWM iShares Russell 2000 ETF Reduce -0.3% 0.23% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -4.3% 0.14% −0.02
SPLV Invesco S&P 500 Low Volatili Reduce -4.0% 0.16% −0.02
WCC Wesco International Inc. Sold out 0.00% −0.02
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.02
INTC Intel Corp. Reduce -2.5% 0.03% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -42.9% 0.02% −0.01
MA Mastercard Inc. Class A Reduce -8.0% 0.06% −0.01
INFY Infosys Ltd.-SP ADR Sold out 0.00% −0.01
IVV iShares Core S&P 500 ETF Reduce -17.2% 0.07% −0.01
DFIV Dimensional International Va Reduce -0.4% 0.19% −0.01
DFAE Dimensional Emerging Core Eq Reduce -8.1% 0.16% −0.01
BABA Alibaba Group Holding-SP ADR Reduce -0.1% 0.22% −0.01
META Meta Platforms Inc. Class A Reduce -1.5% 0.63% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.2% 0.09% −0.01
BIV Vanguard Intermediate-Term B Reduce -0.8% 0.17% −0.01
DFUS Dimensional US Eq MKT ETF Reduce -0.2% 1.20% −0.01
WDAY Workday Inc. Class A Reduce -0.4% 0.03% −0.01
STLA Stellantis NV Reduce -1.6% 0.02% −0.01
ACN Accenture PLC Class A Reduce -11.1% 0.02% −0.01
VXF Vanguard Extended Market ETF Reduce -3.4% 0.06% −0.01
GWW WW Grainger Inc. Reduce -8.9% 0.02% −0.01
ICL Icl Group Ltd. Sold out 0.00% −0.01
AMAT Applied Materials Inc. Reduce -18.0% 0.05% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -2.8% 0.06% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -21.9% 0.02% −0.01
WIT Wipro Ltd.-ADR Sold out 0.00% −0.01
QUAL iShares MSCI USA Quality Fac Reduce -1.6% 0.31% −0.00
FISV Fiserv Inc. Reduce -5.2% 0.02% −0.00

Portfolio Buys Q1 2024 → Q2 2024
DFAR Dimensional US Real Est ETF Add +48.0% 4.75% +1.38
AAPL Apple Inc. Add +36.7% 1.92% +0.73
NVDA Nvidia Corp. Add +3.7% 2.16% +0.58
AVEM Avantis Emerging Markets Eq Add +4.5% 3.84% +0.22
AVUS Avantis U.S. Equity ETF Add +4.3% 9.15% +0.12
DFSU Dimensional US Sus CORE1 ETF Add +11.7% 1.27% +0.11
GOOGL Alphabet Inc. Class A Add +3.1% 0.52% +0.09
VTI VG Morningstar TS MKT ETF-US Add +44.5% 0.24% +0.07
DFSI Dimensional Int Sus COR1 ETF Add +12.0% 1.19% +0.06
COST Costco Wholesale Corp. Add +269.2% 0.07% +0.05
LMT Lockheed Martin Corp. New 0.04% +0.04
DFSE Dimensional Em Sus CORE1 ETF Add +9.2% 0.43% +0.04
QQQ Invesco QQQ Trust Series 1 Add +25.6% 0.15% +0.04
ISTB iShares Core 1-5 Year Usd Bo New 0.03% +0.03
VCSH Vanguard S/T Corp. Bond ETF New 0.03% +0.03
FNDX Schwab Fndmntl US LRG Co. ETF New 0.02% +0.02
TSM Taiwan Semiconductor-SP ADR Add +25.4% 0.07% +0.02
MSFT Microsoft Corp. Add +1.4% 0.63% +0.02
VOO Vanguard S&P 500 ETF Add +2.1% 0.98% +0.02
RDY Dr. Reddy's Laboratories-ADR New 0.02% +0.02
VMBS Vanguard Mortgage-Backed Sec New 0.02% +0.02
BSX Boston Scientific Corp. New 0.02% +0.02
MCO Moody's Corp. New 0.02% +0.02
HPQ HP Inc. New 0.02% +0.02
SNAP Snap Inc. Class A Add +0.3% 0.07% +0.02
HON Honeywell International Inc. New 0.02% +0.02
BAC Bank of America Corp. New 0.02% +0.02
RTX RTX Corp. Add +41.6% 0.06% +0.02
CAT Caterpillar Inc. New 0.02% +0.02
ROST Ross Stores Inc. New 0.02% +0.02
IGM iShares Expanded Tech Sector New 0.02% +0.02
JPM JPMorgan Chase & Co. Add +9.4% 0.27% +0.02
AWK American Water Works Co. Inc. New 0.02% +0.02
CMF iShares California Muni Bond Add +50.5% 0.05% +0.02
AMP Ameriprise Financial Inc. New 0.02% +0.02
C Citigroup Inc. New 0.02% +0.02
ORCL Oracle Corp. New 0.02% +0.02
NVS Novartis AG-Sponsored ADR New 0.01% +0.01
IGSB iShares 1-5Y Inv Grade Corp. New 0.01% +0.01
VYM Vanguard High DVD Yield ETF New 0.01% +0.01
WMT Walmart Inc. Add +45.8% 0.04% +0.01
ELV Elevance Health Inc. Add +49.8% 0.04% +0.01
AMZN Amazon.com Inc. Add +0.3% 0.30% +0.01
BSV Vanguard Short-Term Bond ETF Add +12.5% 0.13% +0.01
QCOM Qualcomm Inc. Add +44.8% 0.03% +0.01
LLY Eli Lilly & Co. Add +3.8% 0.07% +0.01
AXP American Express Co. Add +15.3% 0.08% +0.01
AMGN Amgen Inc. Add +46.1% 0.03% +0.01
VTRS Viatris Inc. New 0.01% +0.01
MUFG Mitsubishi Ufj Finl-Spon ADR New 0.01% +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