Aspiriant, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Aspiriant, LLC reported 287 stock positions worth $2.9 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, 11.3%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 10.0%). Compared with Q4 2024, it opened 20 new positions, sold out of 19, added to 122 and reduced 103. The biggest buy was Vngrd Mrngst SL-CP Val ETF-U (VBR, shares +26%) and the biggest sale Alphabet Class A (GOOGL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $2.9B (Q1 2025)
- SEC Filing
- 0001172661-25-001518 ↗ filed Apr 21, 2025
Holdings Value
Holdings 287 stocks · $2.9B
| IVV iShares Core S&P 500 ETF | 11.39% | 583,935 | $328.1M | Add +9.0% |
| IUSV iShares Core S&P U.S. Value | 11.30% | 3,527,185 | $325.5M | Add +8.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 9.97% | 1,541,432 | $287.2M | Add +25.9% |
| ACWV iShares MSCI Global Min Vol | 9.90% | 2,449,396 | $285.0M | Add +0.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 9.02% | 5,235,595 | $259.8M | Add +1.3% |
| VIG Vanguard Dividend Apprec ETF | 6.43% | 954,913 | $185.2M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 2.77% | 155,377 | $79.8M | Add +2.5% |
| AAPL Apple Inc. | 2.66% | 344,493 | $76.5M | Add +14.8% |
| EFV iShares MSCI Eafe Value ETF | 2.32% | 1,135,549 | $66.9M | Reduce -4.3% |
| IEMG iShares Core MSCI Emerging | 1.89% | 1,010,377 | $54.5M | Add +0.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.84% | 699,254 | $52.9M | Add +17.3% |
| BND Vanguard Total Bond Market | 1.28% | 503,280 | $37.0M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 64,299 | $34.2M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 60,356 | $33.8M | Reduce -0.8% |
| DFUV Dimensional US Marketwide Va | 1.00% | 702,495 | $28.9M | Add +0.9% |
| AOR iShares Core 60/40 Balanced | 0.93% | 463,928 | $26.7M | Add +8.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.88% | 92,267 | $25.4M | Add +1.3% |
| IWB iShares Russell 1000 ETF | 0.76% | 71,605 | $22.0M | Add +3.9% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.75% | 113,201 | $21.6M | Add +7.1% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.70% | 654,821 | $20.2M | Reduce -1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.68% | 324,744 | $19.7M | Add +0.9% |
| DFAX Dimensional World Ex US Core | 0.68% | 745,315 | $19.5M | Add +1.4% |
| DEM Wisdomtree Emerging Markets | 0.64% | 439,762 | $18.5M | Reduce -2.7% |
| MUB iShares National Muni Bond E | 0.63% | 172,436 | $18.2M | Add +3.5% |
| FBND Fidelity Total Bond ETF | 0.62% | 393,597 | $18.0M | Reduce -5.5% |
| MSFT Microsoft Corp. | 0.61% | 47,001 | $17.6M | Add +0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.57% | 74,582 | $16.5M | Add +29.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.53% | 87,859 | $15.2M | Reduce -1.2% |
| XLF SS Financial Select Sector | 0.48% | 279,046 | $13.9M | No change |
| VSS Vanguard Ftse All Wo X-US SC | 0.45% | 112,541 | $13.0M | Add +3.9% |
| IWN iShares Russell 2000 Value E | 0.45% | 85,862 | $13.0M | Add +0.0% |
| AGG iShares Core U.S. Aggregate | 0.43% | 126,376 | $12.5M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 0.43% | 80,187 | $12.4M | Reduce -0.4% |
| VGT Vanguard Info Tech ETF | 0.39% | 20,574 | $11.2M | Reduce -4.0% |
| DFAC Dimensional US Core Equity 2 | 0.36% | 314,110 | $10.4M | Add +11.4% |
| DFAT Dimensional US Target Value | 0.34% | 190,141 | $9.8M | Add +9.9% |
| PWRD TCW Transform Systems ETF | 0.34% | 138,595 | $9.7M | Add +5.4% |
| IWM iShares Russell 2000 ETF | 0.32% | 46,862 | $9.3M | Add +0.0% |
| IWV iShares Russell 3000 ETF | 0.31% | 27,961 | $8.9M | Reduce -0.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.30% | 92,854 | $8.7M | Reduce -11.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 236,233 | $8.5M | Add +6.8% |
| DFIV Dimensional International Va | 0.29% | 209,047 | $8.2M | Reduce -1.6% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 145,755 | $7.4M | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 0.24% | 43,632 | $6.8M | Reduce -1.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.23% | 86,685 | $6.8M | Reduce -32.2% |
| DFAS Dimensional US Small Cap ETF | 0.23% | 112,988 | $6.8M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.23% | 11,442 | $6.6M | Add +0.9% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.22% | 206,742 | $6.5M | Add +12.9% |
| JPM JPMorgan Chase & Co. | 0.22% | 26,253 | $6.4M | Reduce -3.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 8 | $6.4M | Reduce -20.0% |
| IWD iShares Russell 1000 Value E | 0.22% | 33,800 | $6.4M | No change |
| VOTE TCW Transform 500 ETF | 0.21% | 93,543 | $6.1M | Add +11.2% |
| AMZN Amazon.com Inc. | 0.20% | 30,691 | $5.8M | Reduce -2.8% |
| PG The Procter & Gamble Co. | 0.19% | 32,287 | $5.5M | Reduce -2.4% |
| SCHX Schwab US Large-Cap ETF | 0.18% | 231,762 | $5.1M | Reduce -9.1% |
| CINF Cincinnati Financial Corp. | 0.17% | 33,249 | $4.9M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.17% | 108,327 | $4.9M | Reduce -1.9% |
| EFA iShares MSCI Eafe ETF | 0.16% | 55,770 | $4.6M | Add +1.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 11,951 | $4.4M | Reduce -8.8% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.15% | 125,647 | $4.3M | Add +17.9% |
| IYY iShares Dow Jones U.S. ETF | 0.14% | 29,744 | $4.0M | No change |
| IJH iShares Core S&P Midcap ETF | 0.14% | 67,878 | $4.0M | Add +5.0% |
| SCZ iShares MSCI Eafe Small-Cap | 0.13% | 57,260 | $3.6M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 20,835 | $3.6M | Reduce -2.2% |
| IWF iShares Russell 1000 Growth | 0.12% | 9,883 | $3.6M | No change |
| IJR iShares Core S&P Small-Cap E | 0.12% | 33,818 | $3.5M | Add +26.7% |
| IUSG iShares Core S&P U.S. Growth | 0.12% | 27,787 | $3.5M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 13,624 | $3.5M | Add +25.9% |
| JNJ Johnson & Johnson | 0.12% | 20,992 | $3.5M | Reduce -6.1% |
| VNQ Vanguard Real Estate ETF | 0.12% | 37,436 | $3.4M | Reduce -2.2% |
| IWR iShares Russell Mid-Cap ETF | 0.12% | 39,454 | $3.4M | No change |
| VONV Vanguard Russell 1000 Value | 0.12% | 40,191 | $3.3M | No change |
| RY Royal Bank of Canada | 0.11% | 28,352 | $3.2M | Reduce -7.8% |
| DLN Wisdomtree US Largecap Divid | 0.11% | 40,224 | $3.2M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.11% | 25,986 | $3.1M | Add +7.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 25,096 | $3.1M | Add +1.1% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 23,425 | $2.9M | Add +0.4% |
| PEP Pepsico Inc. | 0.10% | 18,943 | $2.8M | Add +4.9% |
| ORCL Oracle Corp. | 0.10% | 20,066 | $2.8M | Add +1.5% |
| NVDA Nvidia Corp. | 0.10% | 25,808 | $2.8M | Add +9.9% |
| TDG Transdigm Group Inc. | 0.10% | 2,020 | $2.8M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.10% | 5,893 | $2.8M | Add +17.1% |
| BILL Bill Holdings Inc. | 0.09% | 59,597 | $2.7M | Add +0.0% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.09% | 32,252 | $2.7M | Reduce -1.8% |
| ABT Abbott Laboratories | 0.09% | 19,260 | $2.6M | Reduce -3.4% |
| CVX Chevron Corp. | 0.09% | 14,976 | $2.5M | Reduce -4.7% |
| VUSB Vanguard Ultra Short Bond Et | 0.08% | 47,845 | $2.4M | Add +36.0% |
| SDG Ish MSCI Glob Sust Deve Goal | 0.08% | 31,677 | $2.3M | Reduce -35.1% |
| QCOM Qualcomm Inc. | 0.08% | 14,602 | $2.2M | Reduce -3.8% |
| UNH Unitedhealth Group Inc. | 0.08% | 4,217 | $2.2M | Reduce -6.3% |
| SHV iShares 0-1 Year Treasury Bo | 0.08% | 19,723 | $2.2M | Add +2.3% |
| SDY SS SPDR S&P Dividend ETF | 0.07% | 15,564 | $2.1M | No change |
| HD Home Depot Inc. | 0.07% | 5,680 | $2.1M | Reduce -7.0% |
| SCHW Schwab (charles) Corp. | 0.07% | 25,932 | $2.0M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.07% | 2,131 | $2.0M | Add +5.8% |
| ACWI iShares MSCI Acwi ETF | 0.07% | 17,024 | $2.0M | Reduce -4.7% |
| EEM iShares MSCI Emerging Market | 0.07% | 44,319 | $1.9M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.07% | 8,041 | $1.9M | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.06% | 8,503 | $1.8M | Reduce -3.1% |
| TSLA Tesla Inc. | 0.06% | 6,810 | $1.8M | Add +25.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $341K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $341K | No change |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 0.43% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 1.17% | −0.12 |
| VGT Vanguard Info Tech ETF | Reduce -4.0% | 0.39% | −0.09 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -32.2% | 0.23% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 0.24% | −0.07 |
| FBND Fidelity Total Bond ETF | Reduce -5.5% | 0.62% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -2.8% | 0.20% | −0.05 |
| SDG Ish MSCI Glob Sust Deve Goal | Reduce -35.1% | 0.08% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -8.8% | 0.15% | −0.04 |
| AVGO Broadcom Inc. | Reduce -9.9% | 0.06% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -9.1% | 0.18% | −0.04 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -11.3% | 0.30% | −0.03 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.7% | 0.23% | −0.03 |
| IWV iShares Russell 3000 ETF | Reduce -0.9% | 0.31% | −0.03 |
| CRM Salesforce Inc. | Reduce -17.5% | 0.05% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -20.0% | 0.22% | −0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -48.0% | 0.02% | −0.02 |
| RY Royal Bank of Canada | Reduce -7.8% | 0.11% | −0.02 |
| DEM Wisdomtree Emerging Markets | Reduce -2.7% | 0.64% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.2% | 0.53% | −0.02 |
| L Loews Corp. | Sold out | 0.00% | −0.02 |
| XLK SS Technology Select Sector | Reduce -33.3% | 0.02% | −0.02 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -1.8% | 0.09% | −0.02 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.02 |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | Sold out | 0.00% | −0.01 |
| BX Blackstone Inc. | Reduce -48.3% | 0.01% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -39.5% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -7.0% | 0.07% | −0.01 |
| DIS The Walt Disney Co. | Reduce -6.8% | 0.05% | −0.01 |
| WMT Walmart Inc. | Reduce -18.0% | 0.04% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -3.7% | 0.22% | −0.01 |
| AXP American Express Co. | Reduce -10.5% | 0.04% | −0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -48.3% | 0.01% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -8.7% | 0.04% | −0.01 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -32.8% | 0.02% | −0.01 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.2% | 0.13% | −0.01 |
| REET iShares Global REIT ETF | Reduce -26.5% | 0.02% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -30.9% | 0.01% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.19% | −0.01 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.01 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.01 |
| SRE Sempra | Sold out | 0.00% | −0.01 |
| ADBE Adobe Inc. | Reduce -3.5% | 0.03% | −0.01 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.01 |
| TGT Target Corp. | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 0.05% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +25.9% | 9.97% | +1.21 |
| IUSV iShares Core S&P U.S. Value | Add +8.0% | 11.30% | +0.38 |
| ACWV iShares MSCI Global Min Vol | Add +0.9% | 9.90% | +0.33 |
| IEFA iShares Core MSCI Eafe ETF | Add +17.3% | 1.84% | +0.32 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +29.7% | 0.57% | +0.08 |
| TT Trane Technologies PLC | New | 0.05% | +0.05 |
| AOR iShares Core 60/40 Balanced | Add +8.7% | 0.93% | +0.04 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +6.8% | 0.30% | +0.03 |
| TEM Tempus AI Inc. Class A | New | 0.02% | +0.02 |
| MNA Nylim Merger Arbtrage ETF-Ui | Add +17.9% | 0.15% | +0.02 |
| VUSB Vanguard Ultra Short Bond Et | Add +36.0% | 0.08% | +0.02 |
| DFAX Dimensional World Ex US Core | Add +1.4% | 0.68% | +0.02 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Add +12.9% | 0.22% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.9% | 0.68% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +25.9% | 0.12% | +0.02 |
| AVUS Avantis U.S. Equity ETF | New | 0.01% | +0.01 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +7.8% | 0.11% | +0.01 |
| AVDE Avantis International Equity | New | 0.01% | +0.01 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +7.1% | 0.75% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +26.7% | 0.12% | +0.01 |
| GSK GSK PLC-Spon ADR | New | 0.01% | +0.01 |
| MDT Medtronic PLC | New | 0.01% | +0.01 |
| PM Philip Morris International | New | 0.01% | +0.01 |
| RWX State Street SPDR Dow Jones | New | 0.01% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.01% | +0.01 |
| AJG Arthur J Gallagher & Co. | New | 0.01% | +0.01 |
| GIS General Mills Inc. | New | 0.01% | +0.01 |
| AVEM Avantis Emerging Markets Eq | New | 0.01% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +1.7% | 0.16% | +0.01 |
| NFG National Fuel Gas Co. | New | 0.01% | +0.01 |
| T AT&T Inc. | New | 0.01% | +0.01 |
| AVUV Avantis US Small Cap Value | New | 0.01% | +0.01 |
| ELV Elevance Health Inc. | New | 0.01% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +11.4% | 0.36% | +0.01 |
| DFAR Dimensional US Real Est ETF | New | 0.01% | +0.01 |
| GWX State Street SPDR S&P Intern | New | 0.01% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +67.9% | 0.02% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +0.9% | 1.89% | +0.01 |
| TDG Transdigm Group Inc. | Add +0.3% | 0.10% | +0.00 |
| VGIT Vanguard Intermediate-Term T | Add +37.8% | 0.02% | +0.00 |
| RTX RTX Corp. | Add +0.2% | 0.05% | +0.00 |
| VOOG Vanguard S&P 500 Growth ETF | Add +83.6% | 0.01% | +0.00 |
| GSBD Goldman Sachs BDC Inc. | New | 0.00% | +0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +42.9% | 0.01% | +0.00 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3.9% | 0.45% | +0.00 |
| IBM Intl Business Machines Corp. | Add +0.7% | 0.04% | +0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +31.2% | 0.02% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +23.4% | 0.02% | +0.00 |
| PAYX Paychex Inc. | Add +0.2% | 0.06% | +0.00 |
Options Activity Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | call | Sold out | 1,000 | $453Kbefore exit |
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 |