Aspiriant, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 15, 2024), Aspiriant, LLC reported 279 stock positions worth $2.5 billion. Its top holding was Vanguard Tax-Exempt Bond ETF (VTEB) at 10.7% of the portfolio, followed by iShares MSCI Global Min Vol (ACWV, 10.3%) and iShares Core S&P U.S. Value (IUSV, 10.3%). Compared with Q1 2024, it opened 12 new positions, sold out of 49, added to 50 and reduced 170. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +15%) and the biggest sale iShares MSCI Global Min Vol (ACWV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $2.5B (Q2 2024)
- SEC Filing
- 0001172661-24-002767 ↗ filed Jul 15, 2024
Holdings Value
Holdings 279 stocks · $2.5B
| VTEB Vanguard Tax-Exempt Bond ETF | 10.67% | 5,221,081 | $261.6M | Add +4.0% |
| ACWV iShares MSCI Global Min Vol | 10.29% | 2,410,703 | $252.3M | Reduce -2.4% |
| IUSV iShares Core S&P U.S. Value | 10.28% | 2,860,399 | $252.1M | Add +3.8% |
| IVV iShares Core S&P 500 ETF | 9.10% | 407,828 | $223.2M | Add +15.2% |
| VIG Vanguard Dividend Apprec ETF | 7.21% | 968,716 | $176.8M | Add +0.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 6.11% | 820,871 | $149.8M | Add +9.0% |
| VOO Vanguard S&P 500 ETF | 3.10% | 151,979 | $76.0M | Add +0.2% |
| AAPL Apple Inc. | 2.63% | 306,281 | $64.5M | Reduce -4.5% |
| EFV iShares MSCI Eafe Value ETF | 2.55% | 1,179,034 | $62.5M | Reduce -1.9% |
| IEMG iShares Core MSCI Emerging | 2.15% | 985,169 | $52.7M | Reduce -0.8% |
| IEFA iShares Core MSCI Eafe ETF | 1.49% | 503,403 | $36.6M | Add +16.7% |
| BND Vanguard Total Bond Market | 1.42% | 484,231 | $34.9M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.33% | 60,141 | $32.7M | Add +1.2% |
| DFUV Dimensional US Marketwide Va | 1.14% | 709,738 | $27.9M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 66,531 | $27.1M | Reduce -4.0% |
| AOR iShares Core 60/40 Balanced | 1.03% | 447,754 | $25.2M | Add +7.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.01% | 92,308 | $24.7M | Reduce -0.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.88% | 726,382 | $21.5M | Reduce -2.9% |
| DEM Wisdomtree Emerging Markets | 0.87% | 489,803 | $21.2M | Reduce -4.4% |
| MUB iShares National Muni Bond E | 0.84% | 193,957 | $20.7M | Reduce -1.2% |
| MSFT Microsoft Corp. | 0.83% | 45,745 | $20.4M | Reduce -6.7% |
| IWB iShares Russell 1000 ETF | 0.82% | 67,730 | $20.2M | Reduce -0.6% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.80% | 106,907 | $19.6M | Add +9.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.78% | 324,298 | $19.0M | Reduce -0.5% |
| FBND Fidelity Total Bond ETF | 0.70% | 383,069 | $17.2M | Add +11.9% |
| GOOGL Alphabet Inc. Class A | 0.60% | 80,608 | $14.7M | Reduce -3.0% |
| ACWI iShares MSCI Acwi ETF | 0.60% | 130,493 | $14.7M | Reduce -0.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.59% | 89,926 | $14.4M | Add +4.6% |
| BILL Bill Holdings Inc. | 0.56% | 262,105 | $13.8M | Reduce 0.0% |
| IWN iShares Russell 2000 Value E | 0.55% | 89,190 | $13.6M | Reduce -2.4% |
| VSS Vanguard Ftse All Wo X-US SC | 0.53% | 109,575 | $12.9M | Add +3.0% |
| VGT Vanguard Info Tech ETF | 0.51% | 21,553 | $12.4M | No change |
| XLF SS Financial Select Sector | 0.47% | 279,046 | $11.5M | No change |
| AGG iShares Core U.S. Aggregate | 0.43% | 107,923 | $10.5M | Add +15.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.38% | 42,383 | $9.2M | Add +15.8% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.38% | 133,172 | $9.2M | Reduce -6.3% |
| DFAC Dimensional US Core Equity 2 | 0.37% | 282,494 | $9.1M | Add +0.2% |
| IWM iShares Russell 2000 ETF | 0.37% | 44,804 | $9.1M | Reduce -3.6% |
| DFAT Dimensional US Target Value | 0.37% | 172,589 | $9.0M | Reduce -0.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.36% | 104,438 | $8.8M | Reduce -1.5% |
| IWV iShares Russell 3000 ETF | 0.33% | 26,362 | $8.1M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.32% | 42,608 | $7.8M | Reduce -5.9% |
| DFIV Dimensional International Va | 0.32% | 216,394 | $7.8M | Reduce -5.0% |
| DFAX Dimensional World Ex US Core | 0.29% | 280,926 | $7.1M | No change |
| VEA Vanguard Ftse Developed ETF | 0.29% | 142,047 | $7.0M | Reduce -1.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.28% | 199,025 | $7.0M | Add +1.5% |
| DFAS Dimensional US Small Cap ETF | 0.28% | 114,328 | $6.9M | Reduce -4.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 10 | $6.1M | No change |
| IWD iShares Russell 1000 Value E | 0.24% | 34,256 | $6.0M | Add +1.3% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | 0.24% | 192,475 | $6.0M | Reduce -23.5% |
| META Meta Platforms Inc. Class A | 0.24% | 11,832 | $6.0M | Reduce -11.4% |
| AMZN Amazon.com Inc. | 0.23% | 29,791 | $5.8M | Reduce -6.5% |
| SCHX Schwab US Large-Cap ETF | 0.22% | 84,776 | $5.4M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 14,042 | $5.3M | Add +29.4% |
| JPM JPMorgan Chase & Co. | 0.20% | 24,574 | $5.0M | Reduce -17.3% |
| PG The Procter & Gamble Co. | 0.19% | 28,823 | $4.8M | Reduce -5.3% |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 103,674 | $4.5M | Add +10.3% |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 26,245 | $4.3M | Reduce -23.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 8,788 | $4.2M | Add +25.7% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 71,551 | $4.2M | Reduce -15.6% |
| IYY iShares Dow Jones U.S. ETF | 0.16% | 29,744 | $3.9M | No change |
| CINF Cincinnati Financial Corp. | 0.16% | 33,210 | $3.9M | Reduce -1.3% |
| EFA iShares MSCI Eafe ETF | 0.15% | 47,802 | $3.7M | Add +5.0% |
| MNA Nylim Merger Arbtrage ETF-Ui | 0.15% | 115,856 | $3.7M | Reduce -14.6% |
| SCZ iShares MSCI Eafe Small-Cap | 0.15% | 58,927 | $3.6M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.14% | 3,913 | $3.5M | Add +445.0% |
| IUSG iShares Core S&P U.S. Growth | 0.14% | 27,752 | $3.5M | Reduce -1.7% |
| VNQ Vanguard Real Estate ETF | 0.14% | 39,912 | $3.3M | Add +3.9% |
| RY Royal Bank of Canada | 0.13% | 30,779 | $3.3M | Add +0.4% |
| VONV Vanguard Russell 1000 Value | 0.13% | 41,410 | $3.2M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.13% | 15,625 | $3.1M | Reduce -10.6% |
| IWF iShares Russell 1000 Growth | 0.13% | 8,480 | $3.1M | Add +2.1% |
| JNJ Johnson & Johnson | 0.13% | 21,126 | $3.1M | Reduce -11.2% |
| DLN Wisdomtree US Largecap Divid | 0.13% | 42,339 | $3.1M | Reduce -5.4% |
| PEP Pepsico Inc. | 0.13% | 18,634 | $3.1M | Reduce -5.0% |
| IWR iShares Russell Mid-Cap ETF | 0.12% | 36,379 | $2.9M | Reduce -0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.12% | 25,835 | $2.8M | Reduce -4.6% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.12% | 33,843 | $2.8M | Reduce -7.4% |
| ORCL Oracle Corp. | 0.12% | 20,039 | $2.8M | Reduce -4.0% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 23,325 | $2.8M | Add +1.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.11% | 10,571 | $2.6M | No change |
| XOM Exxon Mobil Corp. | 0.11% | 22,627 | $2.6M | Reduce -11.3% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 23,544 | $2.5M | Add +2.0% |
| CVX Chevron Corp. | 0.10% | 15,461 | $2.4M | Reduce -18.9% |
| NVDA Nvidia Corp. | 0.10% | 19,435 | $2.4M | Reduce -23.3% |
| UNH Unitedhealth Group Inc. | 0.09% | 4,308 | $2.2M | Reduce -29.0% |
| ABT Abbott Laboratories | 0.09% | 20,351 | $2.1M | Reduce -3.6% |
| CRM Salesforce Inc. | 0.09% | 8,207 | $2.1M | Reduce -21.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.08% | 18,835 | $2.1M | No change |
| EEM iShares MSCI Emerging Market | 0.08% | 47,308 | $2.0M | Reduce -17.5% |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 15,564 | $2.0M | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.08% | 15,912 | $2.0M | Reduce -17.0% |
| HD Home Depot Inc. | 0.08% | 5,588 | $1.9M | Reduce -18.6% |
| SCHW Schwab (charles) Corp. | 0.08% | 25,818 | $1.9M | Reduce -2.1% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.08% | 45,865 | $1.9M | Add +13.6% |
| COST Costco Wholesale Corp. | 0.07% | 2,110 | $1.8M | Reduce -9.3% |
| UNP Union Pacific Corp. | 0.07% | 7,916 | $1.8M | Reduce -15.3% |
| MDY State Street SPDR S&P Midcap | 0.07% | 3,229 | $1.7M | Add +5.1% |
| SDG Ish MSCI Glob Sust Deve Goal | 0.07% | 22,546 | $1.7M | Reduce -3.3% |
| VUSB Vanguard Ultra Short Bond Et | 0.07% | 33,122 | $1.6M | Add +9.1% |
Options reported separately and not counted above: BRK.B calls ($814K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $348K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $348K | No change |
Total filed on the 13F, all lines: $2.5B.
Portfolio Sells Q1 2024 → Q2 2024
| ACWV iShares MSCI Global Min Vol | Reduce -2.4% | 10.29% | −0.48 |
| BILL Bill Holdings Inc. | Reduce 0.0% | 0.56% | −0.18 |
| EFV iShares MSCI Eafe Value ETF | Reduce -1.9% | 2.55% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 1.10% | −0.10 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -23.5% | 0.24% | −0.08 |
| RSP Invesco S&P 500 Equal Weight | Reduce -23.1% | 0.18% | −0.06 |
| MOAT Vaneck Morningstar Wide Moat | Sold out | 0.00% | −0.05 |
| AOM iShares Core 40/60 Moderate | Reduce -46.5% | 0.05% | −0.05 |
| IWN iShares Russell 2000 Value E | Reduce -2.4% | 0.55% | −0.05 |
| CRM Salesforce Inc. | Reduce -21.8% | 0.09% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -17.3% | 0.20% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -15.6% | 0.17% | −0.04 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -6.3% | 0.38% | −0.04 |
| BND Vanguard Total Bond Market | Reduce -0.4% | 1.42% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -43.5% | 0.04% | −0.04 |
| DIS The Walt Disney Co. | Reduce -19.4% | 0.07% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -29.0% | 0.09% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -3.6% | 0.37% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -1.2% | 0.84% | −0.03 |
| HD Home Depot Inc. | Reduce -18.6% | 0.08% | −0.03 |
| JNJ Johnson & Johnson | Reduce -11.2% | 0.13% | −0.03 |
| DFIV Dimensional International Va | Reduce -5.0% | 0.32% | −0.03 |
| NET Cloudflare Inc. Class A | Reduce -38.9% | 0.03% | −0.03 |
| DFAS Dimensional US Small Cap ETF | Reduce -4.1% | 0.28% | −0.03 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -14.6% | 0.15% | −0.03 |
| CVX Chevron Corp. | Reduce -18.9% | 0.10% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -11.4% | 0.24% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -17.0% | 0.08% | −0.02 |
| DFAT Dimensional US Target Value | Reduce -0.1% | 0.37% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.02 |
| DEM Wisdomtree Emerging Markets | Reduce -4.4% | 0.87% | −0.02 |
| UNP Union Pacific Corp. | Reduce -15.3% | 0.07% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -13.9% | 0.06% | −0.02 |
| ACN Accenture PLC Class A | Reduce -26.4% | 0.04% | −0.02 |
| MSFT Microsoft Corp. | Reduce -6.7% | 0.83% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -14.6% | 0.05% | −0.02 |
| V Visa Inc. Class A | Reduce -20.8% | 0.06% | −0.02 |
| INTC Intel Corp. | Reduce -13.2% | 0.03% | −0.02 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -7.4% | 0.12% | −0.02 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -5.0% | 0.13% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -11.3% | 0.11% | −0.02 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -15.5% | 0.05% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.5% | 0.78% | −0.02 |
| BAC Bank of America Corp. | Reduce -24.6% | 0.06% | −0.02 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -17.5% | 0.08% | −0.02 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.01 |
| PROSHARES SHORT S&P500 | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| IVV iShares Core S&P 500 ETF | Add +15.2% | 9.10% | +1.40 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.7% | 1.49% | +0.17 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +4.0% | 10.67% | +0.15 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +9.0% | 6.11% | +0.13 |
| LLY Eli Lilly & Co. | Add +445.0% | 0.14% | +0.12 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 3.10% | +0.08 |
| AOR iShares Core 60/40 Balanced | Add +7.9% | 1.03% | +0.07 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +9.0% | 0.80% | +0.07 |
| FBND Fidelity Total Bond ETF | Add +11.9% | 0.70% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +29.4% | 0.21% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | New | 0.05% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +15.7% | 0.43% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.2% | 1.33% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +25.7% | 0.17% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.8% | 0.38% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +10.3% | 0.18% | +0.02 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.02% | +0.02 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +61.5% | 0.04% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Add +50.1% | 0.04% | +0.02 |
| SUSA iShares ESG Optimized MSCI U | New | 0.02% | +0.02 |
| SCHF Schwab Intl Equity ETF | New | 0.02% | +0.02 |
| DFNM Dimensional National Muni BD | New | 0.01% | +0.01 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | New | 0.01% | +0.01 |
| RPG Invesco S&P 500 Pure Growth | New | 0.01% | +0.01 |
| NUEM Nuveen ESG Emerging Markets | New | 0.01% | +0.01 |
| PPA Invesco Aerospace & Defense | Add +57.1% | 0.03% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +120.7% | 0.02% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3.0% | 0.53% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.01% | +0.01 |
| QLTY GMO U.S. Quality ETF | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +2.1% | 0.13% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +24.7% | 0.03% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.6% | 0.59% | +0.01 |
| MKL Markel Group Inc. | New | 0.01% | +0.01 |
| RY Royal Bank of Canada | Add +0.4% | 0.13% | +0.01 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +13.6% | 0.08% | +0.01 |
| XLK SS Technology Select Sector | Add +12.3% | 0.03% | +0.01 |
| VUSB Vanguard Ultra Short Bond Et | Add +9.1% | 0.07% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +14.9% | 0.04% | +0.00 |
| SOLV Solventum Corp. | Add +56.5% | 0.01% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +1.1% | 0.11% | +0.00 |
| GAB Gabelli Equity Trust | New | 0.00% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +5.0% | 0.15% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +3.6% | 0.02% | +0.00 |
| IAU iShares Gold Trust | Add +0.1% | 0.01% | +0.00 |
| NOK Nokia Corp.-Spon ADR | Add +1.1% | 0.00% | +0.00 |
| MDY State Street SPDR S&P Midcap | Add +5.1% | 0.07% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Add +2.8% | 0.01% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Add +2.4% | 0.04% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +3.9% | 0.14% | −0.00 |
Options Activity Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | call | Add +100.0% | 2,000 | $814K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |