Aspiriant, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Aspiriant, LLC reported 286 stock positions worth $2.8 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.4% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 10.9%) and iShares MSCI Global Min Vol (ACWV, 9.6%). Compared with Q3 2024, it opened 19 new positions, sold out of 23, added to 124 and reduced 101. The biggest buy was Vngrd Mrngst SL-CP Val ETF-U (VBR, shares +42%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $2.8B (Q4 2024)
- SEC Filing
- 0001172661-25-000232 ↗ filed Jan 16, 2025
Holdings Value
Holdings 286 stocks · $2.8B
| IVV iShares Core S&P 500 ETF | 11.39% | 535,736 | $315.4M | Add +21.7% |
| IUSV iShares Core S&P U.S. Value | 10.92% | 3,266,064 | $302.4M | Add +13.8% |
| ACWV iShares MSCI Global Min Vol | 9.57% | 2,426,540 | $265.0M | Add +0.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 9.36% | 5,170,364 | $259.2M | Reduce -0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 8.76% | 1,224,131 | $242.6M | Add +42.1% |
| VIG Vanguard Dividend Apprec ETF | 6.73% | 951,430 | $186.3M | Reduce -1.8% |
| VOO Vanguard S&P 500 ETF | 2.95% | 151,599 | $81.7M | Reduce -1.1% |
| AAPL Apple Inc. | 2.71% | 300,142 | $75.2M | Reduce -1.4% |
| EFV iShares MSCI Eafe Value ETF | 2.25% | 1,185,995 | $62.2M | Add +0.8% |
| IEMG iShares Core MSCI Emerging | 1.89% | 1,000,894 | $52.3M | Add +1.8% |
| IEFA iShares Core MSCI Eafe ETF | 1.51% | 596,334 | $41.9M | Add +7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 60,869 | $35.7M | Add +0.7% |
| BND Vanguard Total Bond Market | 1.28% | 492,861 | $35.4M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.07% | 65,476 | $29.7M | Add +0.9% |
| DFUV Dimensional US Marketwide Va | 1.03% | 695,892 | $28.5M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.95% | 91,088 | $26.4M | Reduce -0.5% |
| AOR iShares Core 60/40 Balanced | 0.88% | 426,881 | $24.5M | Reduce -4.0% |
| IWB iShares Russell 1000 ETF | 0.80% | 68,926 | $22.2M | Add +1.6% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.74% | 105,698 | $20.5M | Add +5.9% |
| MSFT Microsoft Corp. | 0.71% | 46,814 | $19.7M | Add +2.4% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.70% | 665,865 | $19.3M | Reduce -6.1% |
| FBND Fidelity Total Bond ETF | 0.68% | 416,563 | $18.7M | Add +6.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.67% | 321,872 | $18.5M | Reduce -0.8% |
| DEM Wisdomtree Emerging Markets | 0.66% | 451,802 | $18.3M | Reduce -3.1% |
| DFAX Dimensional World Ex US Core | 0.66% | 735,212 | $18.3M | No change |
| MUB iShares National Muni Bond E | 0.64% | 166,621 | $17.8M | Reduce -11.3% |
| GOOGL Alphabet Inc. Class A | 0.55% | 80,473 | $15.2M | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.54% | 88,963 | $15.1M | Reduce -0.3% |
| IWN iShares Russell 2000 Value E | 0.51% | 85,846 | $14.1M | Add +1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.50% | 57,498 | $13.8M | Add +20.4% |
| XLF SS Financial Select Sector | 0.49% | 279,046 | $13.5M | No change |
| VGT Vanguard Info Tech ETF | 0.48% | 21,427 | $13.3M | Reduce -0.2% |
| VSS Vanguard Ftse All Wo X-US SC | 0.45% | 108,330 | $12.4M | Reduce -1.0% |
| AGG iShares Core U.S. Aggregate | 0.44% | 126,032 | $12.2M | Add +13.7% |
| IWM iShares Russell 2000 ETF | 0.37% | 46,842 | $10.4M | Add +0.1% |
| DFAC Dimensional US Core Equity 2 | 0.35% | 282,036 | $9.8M | Add +0.0% |
| DFAT Dimensional US Target Value | 0.35% | 173,061 | $9.6M | Add +0.8% |
| PWRD TCW Transform Systems ETF | 0.34% | 131,487 | $9.5M | Add +380.8% |
| IWV iShares Russell 3000 ETF | 0.34% | 28,229 | $9.4M | Add +8.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.34% | 104,673 | $9.3M | Add +0.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.33% | 127,921 | $9.0M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.30% | 44,219 | $8.4M | Add +1.5% |
| DFIV Dimensional International Va | 0.27% | 212,506 | $7.5M | Add +0.6% |
| DFAS Dimensional US Small Cap ETF | 0.27% | 113,748 | $7.4M | Reduce -0.4% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.27% | 221,211 | $7.3M | Add +11.1% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 148,964 | $7.1M | Add +2.6% |
| AMZN Amazon.com Inc. | 0.25% | 31,572 | $6.9M | Add +5.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 10 | $6.8M | No change |
| META Meta Platforms Inc. Class A | 0.24% | 11,337 | $6.6M | Reduce -5.9% |
| JPM JPMorgan Chase & Co. | 0.24% | 27,255 | $6.5M | Add +8.1% |
| IWD iShares Russell 1000 Value E | 0.23% | 33,800 | $6.3M | Reduce -2.7% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 254,914 | $5.9M | Reduce -0.8% |
| VOTE TCW Transform 500 ETF | 0.21% | 84,135 | $5.8M | Add +39.1% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.21% | 183,058 | $5.7M | Reduce -5.9% |
| PG The Procter & Gamble Co. | 0.20% | 33,076 | $5.5M | Add +8.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 13,104 | $5.4M | Reduce -8.6% |
| BILL Bill Holdings Inc. | 0.18% | 59,594 | $5.0M | Reduce -4.0% |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 110,423 | $4.9M | Add +7.5% |
| CINF Cincinnati Financial Corp. | 0.17% | 33,214 | $4.8M | No change |
| IYY iShares Dow Jones U.S. ETF | 0.15% | 29,744 | $4.3M | No change |
| EFA iShares MSCI Eafe ETF | 0.15% | 54,843 | $4.1M | Add +15.4% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 64,652 | $4.0M | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 0.14% | 9,883 | $4.0M | Add +1.4% |
| IUSG iShares Core S&P U.S. Growth | 0.14% | 27,787 | $3.9M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 21,296 | $3.7M | Reduce -4.7% |
| RY Royal Bank of Canada | 0.13% | 30,756 | $3.7M | Add +0.2% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.13% | 106,537 | $3.5M | Reduce -9.5% |
| SDG Ish MSCI Glob Sust Deve Goal | 0.13% | 48,797 | $3.5M | Add +89.5% |
| IWR iShares Russell Mid-Cap ETF | 0.13% | 39,454 | $3.5M | Add +8.4% |
| SCZ iShares MSCI Eafe Small-Cap | 0.13% | 57,260 | $3.5M | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.12% | 38,281 | $3.4M | Reduce -4.0% |
| ORCL Oracle Corp. | 0.12% | 19,761 | $3.3M | Reduce -1.1% |
| VONV Vanguard Russell 1000 Value | 0.12% | 40,191 | $3.3M | Reduce -2.3% |
| JNJ Johnson & Johnson | 0.12% | 22,360 | $3.2M | Reduce -3.7% |
| DLN Wisdomtree US Largecap Divid | 0.12% | 41,366 | $3.2M | Reduce -2.3% |
| NVDA Nvidia Corp. | 0.11% | 23,476 | $3.2M | Add +6.9% |
| IJR iShares Core S&P Small-Cap E | 0.11% | 26,687 | $3.1M | Add +7.0% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.11% | 32,828 | $3.1M | Reduce -1.2% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 23,325 | $3.0M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 24,830 | $3.0M | Reduce -2.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.11% | 10,823 | $2.9M | Add +0.1% |
| PEP Pepsico Inc. | 0.10% | 18,053 | $2.7M | Reduce -1.8% |
| AVGO Broadcom Inc. | 0.10% | 11,477 | $2.7M | Add +6.2% |
| XOM Exxon Mobil Corp. | 0.09% | 24,114 | $2.6M | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 5,034 | $2.6M | Reduce -4.0% |
| TDG Transdigm Group Inc. | 0.09% | 2,013 | $2.6M | Add +0.6% |
| HD Home Depot Inc. | 0.09% | 6,109 | $2.4M | Add +1.5% |
| QCOM Qualcomm Inc. | 0.08% | 15,174 | $2.3M | Reduce -2.6% |
| CVX Chevron Corp. | 0.08% | 15,713 | $2.3M | Reduce -4.7% |
| UNH Unitedhealth Group Inc. | 0.08% | 4,498 | $2.3M | Add +0.4% |
| ABT Abbott Laboratories | 0.08% | 19,934 | $2.3M | Reduce -1.9% |
| CRM Salesforce Inc. | 0.08% | 6,585 | $2.2M | Add +4.1% |
| TSLA Tesla Inc. | 0.08% | 5,438 | $2.2M | Reduce -19.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.08% | 19,288 | $2.1M | No change |
| ACWI iShares MSCI Acwi ETF | 0.08% | 17,865 | $2.1M | Reduce -21.4% |
| SDY SS SPDR S&P Dividend ETF | 0.07% | 15,564 | $2.1M | No change |
| SCHW Schwab (charles) Corp. | 0.07% | 25,740 | $1.9M | Add +1.7% |
| EEM iShares MSCI Emerging Market | 0.07% | 45,230 | $1.9M | Reduce -2.5% |
| UNP Union Pacific Corp. | 0.07% | 8,093 | $1.8M | Add +2.3% |
| COST Costco Wholesale Corp. | 0.07% | 2,014 | $1.8M | Add +1.6% |
Options reported separately and not counted above: BRK.B calls ($453K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $343K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $343K | No change |
Total filed on the 13F, all lines: $2.8B.
Portfolio Sells Q3 2024 → Q4 2024
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.5% | 9.36% | −0.72 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.8% | 6.73% | −0.55 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -6.1% | 0.70% | −0.17 |
| BND Vanguard Total Bond Market | Reduce -1.7% | 1.28% | −0.15 |
| MUB iShares National Muni Bond E | Reduce -11.3% | 0.64% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -1.1% | 2.95% | −0.12 |
| DEM Wisdomtree Emerging Markets | Reduce -3.1% | 0.66% | −0.12 |
| AOR iShares Core 60/40 Balanced | Reduce -4.0% | 0.88% | −0.12 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.8% | 0.67% | −0.11 |
| DFUV Dimensional US Marketwide Va | Reduce -0.3% | 1.03% | −0.08 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.0% | 0.45% | −0.08 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -2.6% | 0.33% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.3% | 0.54% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.5% | 0.95% | −0.03 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -5.9% | 0.21% | −0.03 |
| ACWI iShares MSCI Acwi ETF | Reduce -21.4% | 0.08% | −0.03 |
| JNJ Johnson & Johnson | Reduce -3.7% | 0.12% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -4.0% | 0.12% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -2.7% | 0.23% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -5.9% | 0.24% | −0.02 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -9.5% | 0.13% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.8% | 0.10% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -33.2% | 0.03% | −0.02 |
| REET iShares Global REIT ETF | Reduce -25.1% | 0.03% | −0.02 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Reduce -11.2% | 0.04% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.7% | 0.13% | −0.02 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -1.1% | 0.06% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -2.6% | 0.08% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -8.6% | 0.19% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.4% | 0.27% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.0% | 0.09% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Reduce -39.1% | 0.02% | −0.01 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.04% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -2.5% | 0.07% | −0.01 |
| VONV Vanguard Russell 1000 Value | Reduce -2.3% | 0.12% | −0.01 |
| PFE Pfizer Inc. | Reduce -17.0% | 0.03% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -0.7% | 0.05% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -7.5% | 0.05% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.1% | 0.12% | −0.01 |
| CVX Chevron Corp. | Reduce -4.7% | 0.08% | −0.01 |
| DLN Wisdomtree US Largecap Divid | Reduce -2.3% | 0.12% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.6% | 0.15% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -1.0% | 0.06% | −0.01 |
| KO The Coca-Cola Co. | Reduce -3.6% | 0.04% | −0.01 |
| ESTC Elastic NV | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +42.1% | 8.76% | +2.20 |
| IVV iShares Core S&P 500 ETF | Add +21.7% | 11.39% | +1.75 |
| IUSV iShares Core S&P U.S. Value | Add +13.8% | 10.92% | +0.52 |
| PWRD TCW Transform Systems ETF | Add +380.8% | 0.34% | +0.27 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +20.4% | 0.50% | +0.07 |
| VOTE TCW Transform 500 ETF | Add +39.1% | 0.21% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 0.55% | +0.05 |
| SDG Ish MSCI Glob Sust Deve Goal | Add +89.5% | 0.13% | +0.04 |
| AMZN Amazon.com Inc. | Add +5.7% | 0.25% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +8.1% | 0.24% | +0.03 |
| SUSA iShares ESG Optimized MSCI U | New | 0.03% | +0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +116.3% | 0.05% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +1.5% | 0.30% | +0.03 |
| AVGO Broadcom Inc. | Add +6.2% | 0.10% | +0.03 |
| IWV iShares Russell 3000 ETF | Add +8.3% | 0.34% | +0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +62.9% | 0.05% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +13.7% | 0.44% | +0.01 |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | New | 0.01% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | Add +4.1% | 0.08% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | Add +12.4% | 0.05% | +0.01 |
| NVDA Nvidia Corp. | Add +6.9% | 0.11% | +0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | New | 0.01% | +0.01 |
| BX Blackstone Inc. | Add +58.2% | 0.02% | +0.01 |
| COP Conocophillips | Add +119.3% | 0.02% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.01% | +0.01 |
| WMT Walmart Inc. | Add +13.6% | 0.05% | +0.01 |
| VTEC Vanguard Ca Tax-Ex Bond | New | 0.01% | +0.01 |
| XLK SS Technology Select Sector | Add +31.7% | 0.04% | +0.01 |
| MCK McKesson Corp. | New | 0.01% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +54.0% | 0.02% | +0.01 |
| CB Chubb Ltd. | New | 0.01% | +0.01 |
| BCAL California Bancorp | New | 0.01% | +0.01 |
| FTNT Fortinet Inc. | New | 0.01% | +0.01 |
| SUB iShares Short-Term National | New | 0.01% | +0.01 |
| ORLY O'reilly Automotive Inc. | New | 0.01% | +0.01 |
| EQH Equitable Holdings Inc. | New | 0.01% | +0.01 |
| VONG Vanguard Russell 1000 Growth | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +33.3% | 0.04% | +0.01 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.01% | +0.01 |
| SPE Special Opportunities Fund | New | 0.01% | +0.01 |
| HNRG Hallador Energy Co. | New | 0.01% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +1.7% | 0.07% | +0.01 |
| DIS The Walt Disney Co. | Add +0.6% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +4.6% | 0.06% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +15.4% | 0.05% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +1.4% | 0.14% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +8.4% | 0.13% | +0.00 |
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 |