Aspiriant, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Aspiriant, LLC reported 315 stock positions worth $2.4 billion. Its top holding was iShares MSCI Global Min Vol (ACWV) at 10.8% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 10.5%) and iShares Core S&P U.S. Value (IUSV, 10.3%). Compared with Q4 2023, it opened 19 new positions, sold out of 10, added to 94 and reduced 151. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +135%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $2.4B (Q1 2024)
- SEC Filing
- 0001172661-24-001848 ↗ filed Apr 15, 2024
Holdings Value
Holdings 315 stocks · $2.4B
| ACWV iShares MSCI Global Min Vol | 10.77% | 2,470,804 | $260.1M | Reduce -5.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 10.52% | 5,021,908 | $254.1M | Reduce -8.8% |
| IUSV iShares Core S&P U.S. Value | 10.32% | 2,755,107 | $249.2M | Add +13.5% |
| IVV iShares Core S&P 500 ETF | 7.70% | 353,939 | $186.1M | Add +135.2% |
| VIG Vanguard Dividend Apprec ETF | 7.28% | 962,404 | $175.8M | Reduce -1.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 5.98% | 753,095 | $144.5M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 3.02% | 151,668 | $72.9M | Reduce -0.3% |
| EFV iShares MSCI Eafe Value ETF | 2.71% | 1,202,082 | $65.4M | Reduce -1.2% |
| AAPL Apple Inc. | 2.28% | 320,614 | $55.0M | Reduce -0.2% |
| IEMG iShares Core MSCI Emerging | 2.12% | 993,157 | $51.2M | Reduce -6.1% |
| BND Vanguard Total Bond Market | 1.46% | 486,094 | $35.3M | Add +5.0% |
| IEFA iShares Core MSCI Eafe ETF | 1.33% | 431,250 | $32.0M | Add +15.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 59,413 | $31.1M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.21% | 69,291 | $29.1M | Reduce -0.2% |
| DFUV Dimensional US Marketwide Va | 1.20% | 709,099 | $29.0M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.00% | 92,503 | $24.0M | Add +0.1% |
| AOR iShares Core 60/40 Balanced | 0.96% | 414,900 | $23.1M | Reduce -10.6% |
| DEM Wisdomtree Emerging Markets | 0.89% | 512,343 | $21.4M | Reduce -7.8% |
| MUB iShares National Muni Bond E | 0.87% | 196,225 | $21.1M | Reduce -3.4% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.86% | 748,134 | $20.8M | Reduce -18.6% |
| MSFT Microsoft Corp. | 0.85% | 49,043 | $20.6M | Reduce -0.6% |
| IWB iShares Russell 1000 ETF | 0.81% | 68,115 | $19.6M | Reduce -0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.79% | 325,969 | $19.1M | Add +0.9% |
| BILL Bill Holdings Inc. | 0.75% | 262,111 | $18.0M | Add +0.0% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.73% | 98,109 | $17.6M | Add +13.0% |
| FBND Fidelity Total Bond ETF | 0.64% | 342,410 | $15.5M | Add +7.4% |
| IWN iShares Russell 2000 Value E | 0.60% | 91,402 | $14.5M | Reduce -3.2% |
| ACWI iShares MSCI Acwi ETF | 0.60% | 131,024 | $14.4M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.58% | 85,974 | $14.0M | Reduce -5.0% |
| GOOGL Alphabet Inc. Class A | 0.52% | 83,069 | $12.5M | Add +0.5% |
| VSS Vanguard Ftse All Wo X-US SC | 0.51% | 106,337 | $12.4M | Reduce -1.8% |
| XLF SS Financial Select Sector | 0.49% | 279,046 | $11.8M | No change |
| VGT Vanguard Info Tech ETF | 0.47% | 21,553 | $11.3M | Reduce -1.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.42% | 142,127 | $10.1M | Reduce -9.0% |
| IWM iShares Russell 2000 ETF | 0.40% | 46,482 | $9.8M | Reduce -1.3% |
| DFAT Dimensional US Target Value | 0.39% | 172,695 | $9.4M | Reduce -3.4% |
| AGG iShares Core U.S. Aggregate | 0.38% | 93,287 | $9.1M | Add +30.8% |
| DFAC Dimensional US Core Equity 2 | 0.37% | 282,006 | $9.0M | Add +0.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.37% | 106,056 | $8.9M | Reduce -3.1% |
| DFIV Dimensional International Va | 0.35% | 227,881 | $8.4M | Reduce -4.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.35% | 36,617 | $8.4M | Add +19.1% |
| IWV iShares Russell 3000 ETF | 0.33% | 26,437 | $7.9M | Reduce -3.5% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | 0.32% | 251,727 | $7.8M | Reduce -12.7% |
| DFAS Dimensional US Small Cap ETF | 0.31% | 119,264 | $7.4M | Reduce -2.1% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 143,522 | $7.2M | Reduce -0.7% |
| DFAX Dimensional World Ex US Core | 0.30% | 280,926 | $7.1M | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.29% | 196,047 | $7.0M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.29% | 45,275 | $6.9M | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 0.27% | 13,355 | $6.5M | Add +13.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 10 | $6.3M | Add +11.1% |
| IWD iShares Russell 1000 Value E | 0.25% | 33,810 | $6.1M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.25% | 29,728 | $6.0M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 0.24% | 34,122 | $5.8M | Reduce -12.5% |
| AMZN Amazon.com Inc. | 0.24% | 31,867 | $5.7M | Add +4.3% |
| SCHX Schwab US Large-Cap ETF | 0.22% | 84,776 | $5.3M | Reduce -1.9% |
| IJH iShares Core S&P Midcap ETF | 0.21% | 84,750 | $5.1M | Reduce -7.8% |
| PG The Procter & Gamble Co. | 0.20% | 30,439 | $4.9M | Reduce -0.7% |
| MNA Nylim Merger Arbtrage ETF-Ui | 0.18% | 135,681 | $4.3M | Reduce -16.7% |
| CINF Cincinnati Financial Corp. | 0.17% | 33,637 | $4.2M | Reduce -1.8% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 94,014 | $3.9M | Reduce -10.2% |
| IYY iShares Dow Jones U.S. ETF | 0.16% | 29,744 | $3.8M | No change |
| JNJ Johnson & Johnson | 0.16% | 23,799 | $3.8M | Add +3.6% |
| SCZ iShares MSCI Eafe Small-Cap | 0.15% | 59,094 | $3.7M | Add +2.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 10,854 | $3.7M | Reduce -0.9% |
| EFA iShares MSCI Eafe ETF | 0.15% | 45,507 | $3.6M | Add +26.4% |
| PEP Pepsico Inc. | 0.14% | 19,604 | $3.4M | Reduce -0.9% |
| VNQ Vanguard Real Estate ETF | 0.14% | 38,428 | $3.3M | Reduce -5.3% |
| IUSG iShares Core S&P U.S. Growth | 0.14% | 28,242 | $3.3M | No change |
| VONV Vanguard Russell 1000 Value | 0.14% | 41,540 | $3.3M | No change |
| VIOV Vanguard S&P Small-Cap 600 V | 0.13% | 36,563 | $3.2M | Reduce -13.8% |
| DLN Wisdomtree US Largecap Divid | 0.13% | 44,753 | $3.2M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.13% | 10,494 | $3.2M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 6,990 | $3.1M | Add +22.3% |
| RY Royal Bank of Canada | 0.13% | 30,647 | $3.1M | Reduce -5.2% |
| IWR iShares Russell Mid-Cap ETF | 0.13% | 36,555 | $3.1M | Reduce -4.7% |
| CVX Chevron Corp. | 0.12% | 19,074 | $3.0M | Reduce -1.7% |
| UNH Unitedhealth Group Inc. | 0.12% | 6,067 | $3.0M | Add +4.6% |
| XOM Exxon Mobil Corp. | 0.12% | 25,495 | $3.0M | Add +3.4% |
| QCOM Qualcomm Inc. | 0.12% | 17,470 | $3.0M | Add +25.0% |
| IWF iShares Russell 1000 Growth | 0.12% | 8,302 | $2.8M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 27,071 | $2.7M | Reduce -1.1% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 23,083 | $2.7M | No change |
| HD Home Depot Inc. | 0.11% | 6,869 | $2.6M | Add +1.1% |
| ORCL Oracle Corp. | 0.11% | 20,866 | $2.6M | Reduce -5.3% |
| IJR iShares Core S&P Small-Cap E | 0.11% | 23,088 | $2.6M | Add +1.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.10% | 10,571 | $2.5M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.10% | 19,181 | $2.5M | Add +4.1% |
| AOM iShares Core 40/60 Moderate | 0.10% | 58,126 | $2.5M | Reduce -6.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.10% | 19,902 | $2.4M | Add +2.6% |
| ABT Abbott Laboratories | 0.10% | 21,103 | $2.4M | Reduce -0.8% |
| EEM iShares MSCI Emerging Market | 0.10% | 57,343 | $2.4M | Reduce -18.6% |
| UNP Union Pacific Corp. | 0.10% | 9,350 | $2.3M | Reduce -1.7% |
| NVDA Nvidia Corp. | 0.09% | 2,534 | $2.3M | Add +11.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.09% | 18,835 | $2.1M | No change |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 15,766 | $2.1M | Add +37.9% |
| LOW Lowe's Cos Inc. | 0.08% | 7,636 | $1.9M | Add +1.8% |
| SCHW Schwab (charles) Corp. | 0.08% | 26,386 | $1.9M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 0.08% | 42,448 | $1.8M | Add +6.8% |
| SDG Ish MSCI Glob Sust Deve Goal | 0.08% | 23,305 | $1.8M | Reduce -34.0% |
| V Visa Inc. Class A | 0.08% | 6,514 | $1.8M | Reduce -2.4% |
Options reported separately and not counted above: BRK.B calls ($421K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $342K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $342K | No change |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q4 2023 → Q1 2024
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -8.8% | 10.52% | −2.14 |
| ACWV iShares MSCI Global Min Vol | Reduce -5.6% | 10.77% | −1.07 |
| AAPL Apple Inc. | Reduce -0.2% | 2.28% | −0.51 |
| IEMG iShares Core MSCI Emerging | Reduce -6.1% | 2.12% | −0.29 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -18.6% | 0.86% | −0.26 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.1% | 7.28% | −0.19 |
| AOR iShares Core 60/40 Balanced | Reduce -10.6% | 0.96% | −0.16 |
| EFV iShares MSCI Eafe Value ETF | Reduce -1.2% | 2.71% | −0.15 |
| DEM Wisdomtree Emerging Markets | Reduce -7.8% | 0.89% | −0.13 |
| MUB iShares National Muni Bond E | Reduce -3.4% | 0.87% | −0.12 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -9.0% | 0.42% | −0.07 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -12.7% | 0.32% | −0.07 |
| IWN iShares Russell 2000 Value E | Reduce -3.2% | 0.60% | −0.06 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -16.7% | 0.18% | −0.05 |
| SDG Ish MSCI Glob Sust Deve Goal | Reduce -34.0% | 0.08% | −0.05 |
| CHPT Chargepoint Holdings Inc. | Sold out | 0.00% | −0.05 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.8% | 0.51% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -12.5% | 0.24% | −0.04 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -13.8% | 0.13% | −0.04 |
| DFAT Dimensional US Target Value | Reduce -3.4% | 0.39% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -10.2% | 0.16% | −0.03 |
| EZU iShares MSCI Eurozone ETF | Sold out | 0.00% | −0.03 |
| EEM iShares MSCI Emerging Market | Reduce -18.6% | 0.10% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -5.0% | 0.58% | −0.03 |
| TSLA Tesla Inc. | Reduce -0.7% | 0.05% | −0.03 |
| DGRO iShares Core Dividend Growth | Reduce -45.5% | 0.03% | −0.03 |
| USB US Bancorp | Reduce -35.6% | 0.04% | −0.03 |
| BBH Vaneck Biotech ETF | Reduce -40.1% | 0.03% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -5.3% | 0.14% | −0.02 |
| DFIV Dimensional International Va | Reduce -4.8% | 0.35% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -35.5% | 0.03% | −0.02 |
| REET iShares Global REIT ETF | Reduce -18.5% | 0.06% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -1.3% | 0.40% | −0.02 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.02 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.1% | 0.31% | −0.02 |
| RY Royal Bank of Canada | Reduce -5.2% | 0.13% | −0.02 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -15.4% | 0.07% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.1% | 0.37% | −0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | Sold out | 0.00% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -7.8% | 0.21% | −0.02 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -13.6% | 0.06% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.7% | 0.30% | −0.01 |
| EUSA iShares MSCI USA Equal Weigh | Sold out | 0.00% | −0.01 |
| AOM iShares Core 40/60 Moderate | Reduce -6.2% | 0.10% | −0.01 |
| INTC Intel Corp. | Reduce -1.6% | 0.05% | −0.01 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -5.8% | 0.07% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -6.9% | 0.07% | −0.01 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.01 |
| NKE Nike Inc. Class B | Reduce -15.1% | 0.02% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.7% | 0.10% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| IVV iShares Core S&P 500 ETF | Add +135.2% | 7.70% | +4.47 |
| IUSV iShares Core S&P U.S. Value | Add +13.5% | 10.32% | +1.10 |
| IEFA iShares Core MSCI Eafe ETF | Add +15.8% | 1.33% | +0.15 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +13.0% | 0.73% | +0.08 |
| META Meta Platforms Inc. Class A | Add +13.9% | 0.27% | +0.08 |
| AGG iShares Core U.S. Aggregate | Add +30.8% | 0.38% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +19.1% | 0.35% | +0.05 |
| SPG Simon Property Group Inc. | New | 0.05% | +0.05 |
| NVDA Nvidia Corp. | Add +11.8% | 0.09% | +0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +11.1% | 0.26% | +0.04 |
| QCOM Qualcomm Inc. | Add +25.0% | 0.12% | +0.03 |
| AMZN Amazon.com Inc. | Add +4.3% | 0.24% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +26.4% | 0.15% | +0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | New | 0.03% | +0.03 |
| FDN First Trust DJ Internet Ind | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +22.3% | 0.13% | +0.02 |
| DIS The Walt Disney Co. | Add +2.6% | 0.10% | +0.02 |
| SDY SS SPDR S&P Dividend ETF | Add +37.9% | 0.09% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +1.1% | 0.25% | +0.02 |
| MOAT Vaneck Morningstar Wide Moat | Add +55.5% | 0.05% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.02% | +0.02 |
| BX Blackstone Inc. | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | Add +4.1% | 0.10% | +0.01 |
| IGV iShares Expanded Tech-Softwa | Add +133.2% | 0.02% | +0.01 |
| NFLX Netflix Inc. | Add +26.2% | 0.04% | +0.01 |
| XOM Exxon Mobil Corp. | Add +3.4% | 0.12% | +0.01 |
| KVUE Kenvue Inc. | New | 0.01% | +0.01 |
| PSX Phillips 66 | New | 0.01% | +0.01 |
| FISV Fiserv Inc. | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | Add +2.0% | 0.06% | +0.01 |
| MSCI MSCI Inc. | New | 0.01% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| LRCX Lam Research Corp. | New | 0.01% | +0.01 |
| C Citigroup Inc. | New | 0.01% | +0.01 |
| DFS Discover Financial Services | New | 0.01% | +0.01 |
| AJG Arthur J Gallagher & Co. | New | 0.01% | +0.01 |
| GIS General Mills Inc. | New | 0.01% | +0.01 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.01% | +0.01 |
| ARHS Arhaus Inc. | New | 0.01% | +0.01 |
| VGK Vanguard Ftse Europe ETF | New | 0.01% | +0.01 |
| DOV Dover Corp. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +5.7% | 0.06% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 1.00% | +0.01 |
| ACN Accenture PLC Class A | Add +25.9% | 0.06% | +0.01 |
| ABBV Abbvie Inc. | Add +2.9% | 0.07% | +0.01 |
| AXP American Express Co. | Add +0.8% | 0.06% | +0.01 |
| WMT Walmart Inc. | Add +11.7% | 0.04% | +0.01 |
| SPLV Invesco S&P 500 Low Volatili | Add +66.4% | 0.02% | +0.01 |
| COST Costco Wholesale Corp. | Add +6.1% | 0.07% | +0.01 |
| LOW Lowe's Cos Inc. | Add +1.8% | 0.08% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 399 | $4.1B | IVV, VBR, IUSV, ACWV, VIG |
| Q1 2026 | 337 | $3.5B | IVV, VBR, IUSV, ACWV, VTEB |
| Q4 2025 | 318 | $3.5B | IVV, IUSV, VBR, ACWV, VTEB |
| Q3 2025 | 296 | $3.3B | IVV, IUSV, VBR, ACWV, VIG |
| Q2 2025 | 307 | $3.1B | IVV, IUSV, VBR, ACWV, VTEB |
| Q1 2025 | 287 | $2.9B | IVV, IUSV, VBR, ACWV, VTEB |
| Q4 2024 | 286 | $2.8B | IVV, IUSV, ACWV, VTEB, VBR |
| Q3 2024 | 290 | $2.6B | ACWV, IUSV, VTEB, IVV, VIG |
| Q2 2024 | 279 | $2.5B | VTEB, ACWV, IUSV, IVV, VIG |
| Q1 2024 | 315 | $2.4B | ACWV, VTEB, IUSV, IVV, VIG |