Adero Partners, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Adero Partners, LLC reported 262 stock positions worth $1.6 billion. Its top holding was Dimensional US High Profi Et (DUHP) at 15.0% of the portfolio, followed by Dimensional International Hi (DIHP, 10.3%) and Avantis U.S. Equity ETF (AVUS, 9.8%). Compared with Q3 2024, it opened 30 new positions, sold out of 8, added to 121 and reduced 72. The biggest buy was Avantis U.S. Equity ETF (AVUS, shares +9%) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −3%).

Most Recent 13F
Q1 2025
Location
PLEASANTON, CA
CIK
0001800593
Portfolio Value
$1.6B (Q4 2024)
SEC Filing
0001765380-25-000013 ↗ filed Jan 27, 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 $1.6B Q4 2024 Q1 2025: $1.5B Q1 2025

Holdings 262 stocks · $1.6B
DUHP Dimensional US High Profi Et 15.04% 6,907,324 $233.4M Add +2.5%
DIHP Dimensional International Hi 10.31% 6,336,492 $159.9M Add +4.8%
AVUS Avantis U.S. Equity ETF 9.79% 1,567,202 $151.9M Add +8.6%
AVDE Avantis International Equity 4.67% 1,179,332 $72.4M Add +10.1%
DFAR Dimensional US Real Est ETF 4.53% 3,021,489 $70.3M Add +2.4%
CCC CCC Intelligent Solutions Ho 4.18% 5,530,573 $64.9M Reduce -4.3%
DFAC Dimensional US Core Equity 2 3.72% 1,670,455 $57.8M Reduce -1.1%
AVEM Avantis Emerging Markets Eq 3.64% 960,483 $56.5M Add +8.0%
DFAS Dimensional US Small Cap ETF 3.15% 750,961 $48.9M Add +3.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3.13% 4,683,097 $48.5M Reduce -2.8%
DASH DoorDash Inc. Class A 3.10% 286,794 $48.1M Add +7.4%
NVDA Nvidia Corp. 2.21% 255,584 $34.3M Add +2.3%
DDOG Datadog Inc. Class A 2.17% 235,554 $33.7M Reduce -0.8%
AAPL Apple Inc. 2.16% 133,913 $33.5M Add +8.0%
SNOW Snowflake Inc. 2.10% 210,808 $32.6M Reduce -9.6%
DFSU Dimensional US Sus CORE1 ETF 1.41% 575,789 $21.8M Add +10.2%
DFSI Dimensional Int Sus COR1 ETF 1.24% 584,847 $19.2M Add +11.7%
DFUS Dimensional US Eq MKT ETF 1.15% 280,530 $17.9M No change
PCOR Procore Technologies Inc. 1.08% 223,425 $16.7M Reduce -0.3%
DFAT Dimensional US Target Value 1.03% 287,988 $16.0M Reduce -1.9%
VOO Vanguard S&P 500 ETF 0.93% 26,747 $14.4M No change
GOOG Alphabet Inc. Class C 0.86% 70,340 $13.4M Reduce -0.7%
META Meta Platforms Inc. Class A 0.77% 20,407 $11.9M Add +16.5%
UBER Uber Technologies Inc. 0.72% 185,701 $11.2M Add +0.0%
VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS 0.69% 1,060,883 $10.7M Reduce -0.5%
DT Dynatrace Inc. 0.58% 166,895 $9.1M Add +0.1%
MSFT Microsoft Corp. 0.57% 21,125 $8.9M Add +5.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.56% 14,690 $8.6M Add +14.4%
GOOGL Alphabet Inc. Class A 0.48% 39,593 $7.5M Add +6.3%
IQLT iShares MSCI International Q 0.45% 189,015 $7.0M Reduce -0.4%
DFSE Dimensional Em Sus CORE1 ETF 0.44% 206,360 $6.8M Add +10.3%
DFAI Dimensional International Co. 0.40% 213,776 $6.2M Reduce -1.0%
TSLA Tesla Inc. 0.40% 15,341 $6.2M Reduce -3.3%
DAY Dayforce Inc. 0.38% 81,482 $5.9M Add +0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.38% 21,909 $5.9M Reduce -1.2%
AMZN Amazon.com Inc. 0.38% 26,829 $5.9M Add +19.9%
JPM JPMorgan Chase & Co. 0.30% 19,278 $4.6M Add +2.5%
RLX RLX Technology Inc.-ADR 0.29% 2,061,263 $4.5M Reduce -1.8%
VTI VG Morningstar TS MKT ETF-US 0.26% 13,697 $4.0M Add +0.9%
QUAL iShares MSCI USA Quality Fac 0.25% 22,087 $3.9M Reduce -8.2%
BABA Alibaba Group Holding-SP ADR 0.24% 43,144 $3.7M Add +0.6%
NOW ServiceNow Inc. 0.24% 3,445 $3.7M Add +0.1%
ABNB Airbnb Inc. Class A 0.23% 26,964 $3.5M Reduce -2.7%
RBLX Roblox Corp. Class A 0.22% 59,777 $3.5M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.21% 7,355 $3.3M Add +2.0%
IWM iShares Russell 2000 ETF 0.21% 15,073 $3.3M Reduce -0.1%
VTWO Vanguard Russell 2000 ETF 0.21% 37,209 $3.3M Reduce -2.4%
VXUS Vanguard Total Intl Stock 0.20% 53,612 $3.2M Reduce -0.1%
WFC Wells Fargo & Co. 0.19% 42,982 $3.0M Add +16.1%
VOOG Vanguard S&P 500 Growth ETF 0.18% 7,590 $2.8M New
CRWD CrowdStrike Holdings Inc. Class A 0.17% 7,586 $2.6M Reduce -9.7%
AXP American Express Co. 0.17% 8,717 $2.6M Add +76.3%
DFIV Dimensional International Va 0.16% 72,082 $2.6M Reduce -0.3%
QQQ Invesco QQQ Trust Series 1 0.16% 4,860 $2.5M Add +11.5%
VT Vanguard Tot World STK ETF 0.16% 21,073 $2.5M Reduce -10.7%
BIV Vanguard Intermediate-Term B 0.16% 32,504 $2.4M Add +1.3%
LSPD Lightspeed Commerce Inc. 0.16% 158,131 $2.4M No change
SPLV Invesco S&P 500 Low Volatili 0.15% 33,021 $2.3M Reduce -0.2%
DFAE Dimensional Emerging Core Eq 0.13% 78,661 $2.0M No change
LYFT LYFT Inc. Class A 0.13% 153,669 $2.0M No change
VNQ Vanguard Real Estate ETF 0.13% 22,241 $2.0M Reduce -4.2%
JNJ Johnson & Johnson 0.12% 13,233 $1.9M Add +19.0%
DFUV Dimensional US Marketwide Va 0.11% 43,515 $1.8M Reduce -5.2%
IWD iShares Russell 1000 Value E 0.11% 9,447 $1.7M Reduce -0.0%
BSV Vanguard Short-Term Bond ETF 0.11% 22,541 $1.7M Add +1.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 6,438 $1.7M Reduce -9.7%
MDB Mongodb Inc. 0.11% 7,295 $1.7M Add +0.0%
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% 66,352 $1.5M Add +0.7%
TSM Taiwan Semiconductor-SP ADR 0.09% 7,364 $1.5M Add +13.1%
FBTC Fidelity Wise Origin Bitcoin 0.09% 17,208 $1.4M No change
INTU Intuit Inc. 0.09% 2,233 $1.4M Add +1.2%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 5,544 $1.3M Reduce -1.8%
MA Mastercard Inc. Class A 0.08% 2,429 $1.3M Add +14.0%
V Visa Inc. Class A 0.08% 4,029 $1.3M Add +8.2%
PG The Procter & Gamble Co. 0.08% 7,211 $1.2M Add +35.5%
IWF iShares Russell 1000 Growth 0.08% 2,934 $1.2M No change
SPOT Spotify Technology SA 0.08% 2,616 $1.2M Reduce -0.1%
PLTR Palantir Technologies Inc. Class A 0.07% 15,054 $1.1M Reduce -0.1%
NFLX Netflix Inc. 0.07% 1,268 $1.1M Add +47.4%
AMD Advanced Micro Devices 0.07% 8,964 $1.1M Add +0.1%
BOXX Alpha Architect 1-3 MNTH Box 0.07% 9,420 $1.0M No change
VEA Vanguard Ftse Developed ETF 0.07% 21,681 $1.0M Reduce -0.2%
VXF Vanguard Extended Market ETF 0.07% 5,310 $1.0M Reduce -0.0%
CRM Salesforce Inc. 0.06% 2,974 $994K Add +2.9%
HD Home Depot Inc. 0.06% 2,525 $982K Add +8.8%
RTX RTX Corp. 0.06% 8,401 $972K Add +3.7%
SDY SS SPDR S&P Dividend ETF 0.06% 7,096 $937K Reduce -0.1%
MDY State Street SPDR S&P Midcap 0.06% 1,642 $935K No change
COST Costco Wholesale Corp. 0.06% 970 $889K Reduce -4.4%
LLY Eli Lilly & Co. 0.06% 1,139 $879K Add +5.5%
KO The Coca-Cola Co. 0.06% 14,082 $877K Add +88.6%
IVV iShares Core S&P 500 ETF 0.06% 1,475 $868K Reduce -5.6%
TWLO Twilio Inc. Class A 0.05% 7,712 $833K Reduce -1.2%
MRK Merck & Co. Inc. 0.05% 7,938 $790K Add +23.1%
SCHG Schwab US Large-Cap Growth 0.05% 27,806 $775K Reduce -2.0%
WMT Walmart Inc. 0.05% 8,518 $770K Add +8.7%
CVX Chevron Corp. 0.05% 5,200 $753K Add +8.9%
TXN Texas Instruments Inc. 0.05% 3,979 $746K Add +3.3%

Show all 262 holdings

Portfolio Sells Q3 2024 → Q4 2024
NU Nu Holdings Ltd./Cayman Isl-A Reduce -2.8% 3.13% −1.24
DFAC Dimensional US Core Equity 2 Reduce -1.1% 3.72% −0.12
VGSR Vert GLB Sust Re ETF Reduce -0.5% 0.69% −0.09
WEAV Weave Communications Inc. Sold out 0.00% −0.08
IQLT iShares MSCI International Q Reduce -0.4% 0.45% −0.07
CCC CCC Intelligent Solutions Ho Reduce -4.3% 4.18% −0.06
DFAI Dimensional International Co. Reduce -1.0% 0.40% −0.05
DFAT Dimensional US Target Value Reduce -1.9% 1.03% −0.05
QUAL iShares MSCI USA Quality Fac Reduce -8.2% 0.25% −0.03
ELV Elevance Health Inc. Sold out 0.00% −0.03
VT Vanguard Tot World STK ETF Reduce -10.7% 0.16% −0.03
VXUS Vanguard Total Intl Stock Reduce -0.1% 0.20% −0.03
ABBV Abbvie Inc. Reduce -35.1% 0.03% −0.02
VNQ Vanguard Real Estate ETF Reduce -4.2% 0.13% −0.02
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -27.1% 0.05% −0.02
DFIV Dimensional International Va Reduce -0.3% 0.16% −0.02
NVO Novo-Nordisk A/S-Spons ADR Reduce -10.1% 0.03% −0.02
BHP BHP Group Ltd.-Spon ADR Sold out 0.00% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -9.7% 0.11% −0.02
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.01
VLTO Veralto Corp. Sold out 0.00% −0.01
BBY Best Buy Co. Inc. Sold out 0.00% −0.01
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −0.01
INTC Intel Corp. Sold out 0.00% −0.01
DFUV Dimensional US Marketwide Va Reduce -5.2% 0.11% −0.01
VTWO Vanguard Russell 2000 ETF Reduce -2.4% 0.21% −0.01
VGT Vanguard Info Tech ETF Reduce -31.8% 0.03% −0.01
PEP Pepsico Inc. Reduce -16.9% 0.03% −0.01
RDY Dr. Reddy's Laboratories-ADR Reduce -44.1% 0.01% −0.01
VEA Vanguard Ftse Developed ETF Reduce -0.2% 0.07% −0.01
NKE Nike Inc. Class B Reduce -2.2% 0.04% −0.01
SPLV Invesco S&P 500 Low Volatili Reduce -0.2% 0.15% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -6.4% 0.04% −0.01
UNH Unitedhealth Group Inc. Reduce -1.4% 0.04% −0.01
IOT Samsara Inc. Class A Reduce -16.6% 0.02% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -1.6% 0.04% −0.01
DHR Danaher Corp. Reduce -1.3% 0.03% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.2% 0.38% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -0.1% 0.06% −0.01
IWM iShares Russell 2000 ETF Reduce -0.1% 0.21% −0.01
IWD iShares Russell 1000 Value E Reduce -0.0% 0.11% −0.01
AMGN Amgen Inc. Reduce -6.5% 0.02% −0.01
NVS Novartis AG-Sponsored ADR Reduce -8.6% 0.02% −0.01
ABNB Airbnb Inc. Class A Reduce -2.7% 0.23% −0.00
CL Colgate-Palmolive Co. Reduce -4.3% 0.02% −0.00
TGT Target Corp. Reduce -8.1% 0.01% −0.00
IVV iShares Core S&P 500 ETF Reduce -5.6% 0.06% −0.00
AGG iShares Core U.S. Aggregate Reduce -15.0% 0.01% −0.00
ADI Analog Devices Inc. Reduce -8.0% 0.02% −0.00
SAN Banco Santander SA-Spon ADR Reduce -2.0% 0.02% −0.00

Portfolio Buys Q3 2024 → Q4 2024
AVUS Avantis U.S. Equity ETF Add +8.6% 9.79% +0.68
DASH DoorDash Inc. Class A Add +7.4% 3.10% +0.57
AAPL Apple Inc. Add +8.0% 2.16% +0.24
NVDA Nvidia Corp. Add +2.3% 2.21% +0.20
VOOG Vanguard S&P 500 Growth ETF New 0.18% +0.18
DFSU Dimensional US Sus CORE1 ETF Add +10.2% 1.41% +0.12
META Meta Platforms Inc. Class A Add +16.5% 0.77% +0.10
AMZN Amazon.com Inc. Add +19.9% 0.38% +0.10
AXP American Express Co. Add +76.3% 0.17% +0.08
GOOGL Alphabet Inc. Class A Add +6.3% 0.48% +0.07
SPY SS SPDR S&P 500 ETF Trust-US Add +14.4% 0.56% +0.07
WFC Wells Fargo & Co. Add +16.1% 0.19% +0.06
DAY Dayforce Inc. Add +0.1% 0.38% +0.05
RBLX Roblox Corp. Class A Add +0.0% 0.22% +0.05
DFAS Dimensional US Small Cap ETF Add +3.9% 3.15% +0.04
JPM JPMorgan Chase & Co. Add +2.5% 0.30% +0.03
NFLX Netflix Inc. Add +47.4% 0.07% +0.03
NOW ServiceNow Inc. Add +0.1% 0.24% +0.03
TROW T Rowe Price Group Inc. New 0.03% +0.03
USB US Bancorp New 0.02% +0.02
HOOD Robinhood Markets Inc. Class A New 0.02% +0.02
KO The Coca-Cola Co. Add +88.6% 0.06% +0.02
QQQ Invesco QQQ Trust Series 1 Add +11.5% 0.16% +0.02
TSM Taiwan Semiconductor-SP ADR Add +13.1% 0.09% +0.02
DOCU Docusign Inc. New 0.02% +0.02
TM Toyota Motor Corp. -Spon ADR New 0.02% +0.02
PG The Procter & Gamble Co. Add +35.5% 0.08% +0.02
C Citigroup Inc. New 0.02% +0.02
MS Morgan Stanley New 0.02% +0.02
SHOP Shopify Inc. Class A New 0.02% +0.02
UNFI United Natural Foods Inc. New 0.02% +0.02
T AT&T Inc. New 0.01% +0.01
GILD Gilead Sciences Inc. New 0.01% +0.01
EMR Emerson Electric Co. New 0.01% +0.01
DFAW Dimensional World Eqty ETF New 0.01% +0.01
HDB HDFC Bank Ltd.-ADR New 0.01% +0.01
KR Kroger Co. New 0.01% +0.01
SONY Sony Group Corp. - SP ADR New 0.01% +0.01
V Visa Inc. Class A Add +8.2% 0.08% +0.01
CLS Celestica Inc. New 0.01% +0.01
DIS The Walt Disney Co. New 0.01% +0.01
OKE Oneok Inc. New 0.01% +0.01
GM General Motors Co. New 0.01% +0.01
TTE Totalenergies SE -Spon ADR New 0.01% +0.01
UBS UBS Group AG-Reg New 0.01% +0.01
DECK Deckers Outdoor Corp. New 0.01% +0.01
MA Mastercard Inc. Class A Add +14.0% 0.08% +0.01
AVGO Broadcom Inc. Add +4.8% 0.05% +0.01
CRM Salesforce Inc. Add +2.9% 0.06% +0.01
XOM Exxon Mobil Corp. Add +49.6% 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