Adero Partners, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Adero Partners, LLC reported 240 stock positions worth $1.5 billion. Its top holding was Dimensional US High Profi Et (DUHP) at 15.2% of the portfolio, followed by Dimensional International Hi (DIHP, 11.1%) and Avantis U.S. Equity ETF (AVUS, 9.1%). Compared with Q2 2024, it opened 30 new positions, sold out of 8, added to 107 and reduced 62. The biggest buy was CCC Intelligent Solutions Ho (CCC, shares +119%) and the biggest sale Snowflake (SNOW, shares −2%).

Most Recent 13F
Q1 2025
Location
PLEASANTON, CA
CIK
0001800593
Portfolio Value
$1.5B (Q3 2024)
SEC Filing
0001765380-24-000403 ↗ filed Nov 6, 2024

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 $1.5B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.5B Q1 2025

Holdings 240 stocks · $1.5B
DUHP Dimensional US High Profi Et 15.23% 6,737,103 $229.5M Reduce -0.2%
DIHP Dimensional International Hi 11.12% 6,048,287 $167.5M Add +2.1%
AVUS Avantis U.S. Equity ETF 9.11% 1,442,769 $137.3M Add +3.7%
DFAR Dimensional US Real Est ETF 5.02% 2,949,846 $75.6M Add +0.0%
AVDE Avantis International Equity 4.76% 1,070,814 $71.8M Add +4.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 4.37% 4,819,355 $65.8M Add +5.7%
CCC CCC Intelligent Solutions Ho 4.24% 5,780,925 $63.9M Add +118.5%
DFAC Dimensional US Core Equity 2 3.84% 1,688,997 $57.9M Reduce -0.9%
AVEM Avantis Emerging Markets Eq 3.81% 889,348 $57.5M Add +3.1%
DFAS Dimensional US Small Cap ETF 3.11% 722,632 $46.9M Add +1.2%
DASH DoorDash Inc. Class A 2.53% 267,032 $38.1M Reduce -0.6%
NVDA Nvidia Corp. 2.01% 249,843 $30.3M Add +4.1%
AAPL Apple Inc. 1.92% 123,989 $28.9M Reduce -0.9%
DDOG Datadog Inc. Class A 1.81% 237,532 $27.3M Reduce -5.2%
SNOW Snowflake Inc. 1.78% 233,272 $26.8M Reduce -2.1%
DFSU Dimensional US Sus CORE1 ETF 1.29% 522,743 $19.4M Add +4.4%
DFSI Dimensional Int Sus COR1 ETF 1.24% 523,842 $18.7M Add +5.3%
DFUS Dimensional US Eq MKT ETF 1.16% 280,530 $17.4M No change
DFAT Dimensional US Target Value 1.08% 293,508 $16.3M Reduce -1.2%
VOO Vanguard S&P 500 ETF 0.94% 26,747 $14.1M Add +0.1%
UBER Uber Technologies Inc. 0.93% 185,687 $14.0M Add +0.0%
PCOR Procore Technologies Inc. 0.92% 224,054 $13.8M Reduce 0.0%
GOOG Alphabet Inc. Class C 0.79% 70,839 $11.8M Reduce -1.0%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.79% 1,065,644 $11.8M Reduce -3.6%
META Meta Platforms Inc. Class A 0.67% 17,517 $10.0M Add +3.0%
DT Dynatrace Inc. 0.59% 166,819 $8.9M Add +0.1%
MSFT Microsoft Corp. 0.57% 20,017 $8.6M Add +3.3%
IQLT iShares MSCI International Q 0.52% 189,708 $7.9M Reduce -2.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.49% 12,836 $7.4M Reduce -1.6%
DFAI Dimensional International Co. 0.46% 215,993 $6.9M Reduce -7.2%
DFSE Dimensional Em Sus CORE1 ETF 0.44% 187,166 $6.6M Add +7.1%
GOOGL Alphabet Inc. Class A 0.41% 37,260 $6.2M Reduce -4.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.39% 22,179 $5.8M No change
DAY Dayforce Inc. 0.33% 81,421 $5.0M Add +0.0%
BABA Alibaba Group Holding-SP ADR 0.30% 42,908 $4.6M Add +1.2%
QUAL iShares MSCI USA Quality Fac 0.29% 24,058 $4.3M Reduce -3.7%
AMZN Amazon.com Inc. 0.28% 22,380 $4.2M Add +6.0%
TSLA Tesla Inc. 0.28% 15,869 $4.2M Add +2.6%
JPM JPMorgan Chase & Co. 0.26% 18,806 $4.0M Add +2.2%
VTI VG Morningstar TS MKT ETF-US 0.26% 13,578 $3.8M Add +11.2%
RLX RLX Technology Inc.-ADR 0.25% 2,099,386 $3.8M Reduce -3.3%
ABNB Airbnb Inc. Class A 0.23% 27,702 $3.5M Reduce -0.5%
VXUS Vanguard Total Intl Stock 0.23% 53,667 $3.5M Add +1.5%
VTWO Vanguard Russell 2000 ETF 0.23% 38,125 $3.4M Reduce -2.0%
IWM iShares Russell 2000 ETF 0.22% 15,081 $3.3M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 7,208 $3.3M Reduce -2.0%
NOW ServiceNow Inc. 0.20% 3,443 $3.1M Add +0.2%
VT Vanguard Tot World STK ETF 0.19% 23,590 $2.8M Add +0.0%
DFIV Dimensional International Va 0.18% 72,303 $2.8M Reduce -0.9%
RBLX Roblox Corp. Class A 0.18% 59,775 $2.6M Reduce -0.4%
LSPD Lightspeed Commerce Inc. 0.17% 158,131 $2.6M No change
BIV Vanguard Intermediate-Term B 0.17% 32,094 $2.5M Add +2.8%
SPLV Invesco S&P 500 Low Volatili 0.16% 33,096 $2.4M Reduce -3.5%
CRWD CrowdStrike Holdings Inc. Class A 0.16% 8,399 $2.4M Reduce -1.3%
VNQ Vanguard Real Estate ETF 0.15% 23,203 $2.3M Reduce -6.4%
DFAE Dimensional Emerging Core Eq 0.14% 78,661 $2.2M Reduce -4.8%
QQQ Invesco QQQ Trust Series 1 0.14% 4,360 $2.1M Reduce -0.2%
WFC Wells Fargo & Co. 0.14% 37,008 $2.1M Add +0.7%
MDB Mongodb Inc. 0.13% 7,292 $2.0M No change
LYFT LYFT Inc. Class A 0.13% 153,669 $2.0M No change
DFUV Dimensional US Marketwide Va 0.13% 45,905 $1.9M Reduce -7.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.12% 7,133 $1.9M Reduce -10.5%
JNJ Johnson & Johnson 0.12% 11,117 $1.8M Add +7.7%
IWD iShares Russell 1000 Value E 0.12% 9,450 $1.8M No change
BSV Vanguard Short-Term Bond ETF 0.12% 22,186 $1.7M Reduce -4.6%
DVY iShares Select Dividend ETF 0.11% 12,630 $1.7M No change
IWB iShares Russell 1000 ETF 0.10% 4,991 $1.6M No change
SCHX Schwab US Large-Cap ETF 0.10% 21,970 $1.5M Add +0.0%
AMD Advanced Micro Devices 0.10% 8,952 $1.5M Add +1.7%
INTU Intuit Inc. 0.09% 2,207 $1.4M Reduce -14.7%
AXP American Express Co. 0.09% 4,944 $1.3M Add +1.5%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 5,648 $1.3M No change
WEAV Weave Communications Inc. 0.08% 98,050 $1.3M No change
VEA Vanguard Ftse Developed ETF 0.08% 21,720 $1.1M Add +3.4%
TSM Taiwan Semiconductor-SP ADR 0.08% 6,514 $1.1M Add +17.0%
IWF iShares Russell 1000 Growth 0.07% 2,934 $1.1M No change
MA Mastercard Inc. Class A 0.07% 2,131 $1.1M Add +9.4%
BOXX Alpha Architect 1-3 MNTH Box 0.07% 9,420 $1.0M No change
V Visa Inc. Class A 0.07% 3,725 $1.0M Add +6.8%
SDY SS SPDR S&P Dividend ETF 0.07% 7,100 $1.0M No change
RTX RTX Corp. 0.07% 8,101 $982K Reduce -1.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.06% 10,561 $970K New
VXF Vanguard Extended Market ETF 0.06% 5,311 $967K Add +18.4%
SPOT Spotify Technology SA 0.06% 2,618 $965K Add +0.4%
LLY Eli Lilly & Co. 0.06% 1,080 $957K Add +4.2%
FBTC Fidelity Wise Origin Bitcoin 0.06% 17,208 $956K Reduce -0.1%
HD Home Depot Inc. 0.06% 2,320 $940K Add +7.1%
MDY State Street SPDR S&P Midcap 0.06% 1,642 $935K Reduce -5.3%
PG The Procter & Gamble Co. 0.06% 5,322 $922K Add +5.7%
IVV iShares Core S&P 500 ETF 0.06% 1,562 $901K Reduce -8.3%
COST Costco Wholesale Corp. 0.06% 1,015 $900K Reduce -3.9%
ABBV Abbvie Inc. 0.06% 4,270 $843K Add +6.1%
TXN Texas Instruments Inc. 0.05% 3,852 $796K Add +3.2%
CRM Salesforce Inc. 0.05% 2,891 $791K Reduce -34.2%
VWO Vanguard Ftse Emerging Marke 0.05% 16,338 $782K Add +15.0%
IEFA iShares Core MSCI Eafe ETF 0.05% 9,698 $757K Reduce -10.2%
SCHG Schwab US Large-Cap Growth 0.05% 7,092 $739K No change
NKE Nike Inc. Class B 0.05% 8,339 $737K Add +2.3%
LMT Lockheed Martin Corp. 0.05% 1,257 $735K Add +3.2%
MRK Merck & Co. Inc. 0.05% 6,449 $732K Reduce -3.1%

Show all 240 holdings

Portfolio Sells Q2 2024 → Q3 2024
SNOW Snowflake Inc. Reduce -2.1% 1.78% −0.57
DDOG Datadog Inc. Class A Reduce -5.2% 1.81% −0.56
DUHP Dimensional US High Profi Et Reduce -0.2% 15.23% −0.52
GOOG Alphabet Inc. Class C Reduce -1.0% 0.79% −0.17
PCOR Procore Technologies Inc. Reduce 0.0% 0.92% −0.17
DFAC Dimensional US Core Equity 2 Reduce -0.9% 3.84% −0.17
GOOGL Alphabet Inc. Class A Reduce -4.0% 0.41% −0.11
CRWD CrowdStrike Holdings Inc. Class A Reduce -1.3% 0.16% −0.08
ABNB Airbnb Inc. Class A Reduce -0.5% 0.23% −0.07
DFAI Dimensional International Co. Reduce -7.2% 0.46% −0.05
DFAT Dimensional US Target Value Reduce -1.2% 1.08% −0.04
RLX RLX Technology Inc.-ADR Reduce -3.3% 0.25% −0.04
ISTB iShares Core 1-5 Year Usd Bo Sold out 0.00% −0.03
INTU Intuit Inc. Reduce -14.7% 0.09% −0.03
IQLT iShares MSCI International Q Reduce -2.5% 0.52% −0.03
CRM Salesforce Inc. Reduce -34.2% 0.05% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 0.49% −0.03
SNAP Snap Inc. Class A Reduce -0.3% 0.04% −0.03
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.03
QUAL iShares MSCI USA Quality Fac Reduce -3.7% 0.29% −0.02
VMBS Vanguard Mortgage-Backed Sec Sold out 0.00% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -10.5% 0.12% −0.02
DFUV Dimensional US Marketwide Va Reduce -7.8% 0.13% −0.02
STLA Stellantis NV Sold out 0.00% −0.02
C Citigroup Inc. Sold out 0.00% −0.02
INTC Intel Corp. Reduce -31.2% 0.01% −0.01
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.01
TROW T Rowe Price Group Inc. Sold out 0.00% −0.01
BSV Vanguard Short-Term Bond ETF Reduce -4.6% 0.12% −0.01
PINS Pinterest Inc. Class A Reduce -1.7% 0.03% −0.01
DFAE Dimensional Emerging Core Eq Reduce -4.8% 0.14% −0.01
AMAT Applied Materials Inc. Reduce -1.1% 0.04% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -0.2% 0.14% −0.01
MRK Merck & Co. Inc. Reduce -3.1% 0.05% −0.01
FLRN SS SPDR BB Ig Float RT ETF Reduce -38.6% 0.01% −0.01
DFIV Dimensional International Va Reduce -0.9% 0.18% −0.01
MCK McKesson Corp. Reduce -1.5% 0.03% −0.01
IVV iShares Core S&P 500 ETF Reduce -8.3% 0.06% −0.01
CVX Chevron Corp. Reduce -0.3% 0.05% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -10.2% 0.05% −0.01
ZM Zoom Communications Inc. Reduce -27.1% 0.02% −0.01
VTWO Vanguard Russell 2000 ETF Reduce -2.0% 0.23% −0.01
ELV Elevance Health Inc. Reduce -4.3% 0.03% −0.01
COST Costco Wholesale Corp. Reduce -3.9% 0.06% −0.01
MDY State Street SPDR S&P Midcap Reduce -5.3% 0.06% −0.01
TWLO Twilio Inc. Class A Reduce -17.6% 0.03% −0.01
SPLV Invesco S&P 500 Low Volatili Reduce -3.5% 0.16% −0.01
ADBE Adobe Inc. Reduce -0.7% 0.03% −0.00
ENIC Enel Chile SA-ADR Reduce -63.0% 0.00% −0.00
AAPL Apple Inc. Reduce -0.9% 1.92% −0.00

Portfolio Buys Q2 2024 → Q3 2024
CCC CCC Intelligent Solutions Ho Add +118.5% 4.24% +2.10
DFAR Dimensional US Real Est ETF Add +0.0% 5.02% +0.26
AVDE Avantis International Equity Add +4.0% 4.76% +0.09
BABA Alibaba Group Holding-SP ADR Add +1.2% 0.30% +0.08
NU Nu Holdings Ltd./Cayman Isl-A Add +5.7% 4.37% +0.08
BIL SS SPDR BB 1-3M T-Bill ETF New 0.06% +0.06
TSLA Tesla Inc. Add +2.6% 0.28% +0.05
DT Dynatrace Inc. Add +0.1% 0.59% +0.05
DFSI Dimensional Int Sus COR1 ETF Add +5.3% 1.24% +0.05
META Meta Platforms Inc. Class A Add +3.0% 0.67% +0.04
DAY Dayforce Inc. Add +0.0% 0.33% +0.04
CART Maplebear Inc. New 0.03% +0.03
ADI Analog Devices Inc. New 0.02% +0.02
IBM Intl Business Machines Corp. New 0.02% +0.02
VTV Vanguard Mrngstr Val ETF-Aui New 0.02% +0.02
INFY Infosys Ltd.-SP ADR New 0.02% +0.02
SCHD Schwab US DVD Equity ETF New 0.02% +0.02
DFSU Dimensional US Sus CORE1 ETF Add +4.4% 1.29% +0.02
VTI VG Morningstar TS MKT ETF-US Add +11.2% 0.26% +0.02
STT State Street Corp. New 0.02% +0.02
BHP BHP Group Ltd.-Spon ADR New 0.02% +0.02
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.02% +0.02
URI United Rentals Inc. New 0.02% +0.02
HUBB Hubbell Inc. New 0.02% +0.02
UNP Union Pacific Corp. New 0.02% +0.02
GE General Electric New 0.02% +0.02
VZ Verizon Communications Inc. New 0.02% +0.02
VRSK Verisk Analytics Inc. New 0.02% +0.02
PH Parker Hannifin Corp. New 0.01% +0.01
ICE Intercontinental Exchange Inc. New 0.01% +0.01
ITW Illinois Tool Works New 0.01% +0.01
BKNG Booking Holdings Inc. New 0.01% +0.01
VLTO Veralto Corp. New 0.01% +0.01
SCHV Schwab US Large-Cap Value New 0.01% +0.01
BBY Best Buy Co. Inc. New 0.01% +0.01
IBN Icici Bank Ltd.-Spon ADR New 0.01% +0.01
XBI SS SPDR S&P Biotech ETF New 0.01% +0.01
WCC Wesco International Inc. New 0.01% +0.01
BNS Bank of Nova Scotia New 0.01% +0.01
SHEL Shell PLC-ADR New 0.01% +0.01
DFSE Dimensional Em Sus CORE1 ETF Add +7.1% 0.44% +0.01
PLTR Palantir Technologies Inc. Class A Add +3.2% 0.04% +0.01
JNJ Johnson & Johnson Add +7.7% 0.12% +0.01
VXF Vanguard Extended Market ETF Add +18.4% 0.06% +0.01
HD Home Depot Inc. Add +7.1% 0.06% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +40.9% 0.03% +0.01
LMT Lockheed Martin Corp. Add +3.2% 0.05% +0.01
MA Mastercard Inc. Class A Add +9.4% 0.07% +0.01
NOW ServiceNow Inc. Add +0.2% 0.20% +0.01
ACN Accenture PLC Class A Add +24.9% 0.03% +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