Aspiriant, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Aspiriant, LLC reported 307 stock positions worth $3.1 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.3% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 10.8%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 9.2%). Compared with Q1 2025, it opened 28 new positions, sold out of 8, added to 101 and reduced 131. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $3.1B (Q2 2025)
- SEC Filing
- 0001172661-25-002762 ↗ filed Jul 29, 2025
Holdings Value
Holdings 307 stocks · $3.1B
| IVV iShares Core S&P 500 ETF | 12.33% | 624,720 | $387.9M | Add +7.0% |
| IUSV iShares Core S&P U.S. Value | 10.76% | 3,576,178 | $338.4M | Add +1.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 9.20% | 1,483,454 | $289.3M | Reduce -3.8% |
| ACWV iShares MSCI Global Min Vol | 9.10% | 2,415,137 | $286.4M | Reduce -1.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 7.50% | 4,813,806 | $236.0M | Reduce -8.1% |
| VIG Vanguard Dividend Apprec ETF | 6.27% | 964,064 | $197.3M | Add +1.0% |
| VOO Vanguard S&P 500 ETF | 2.85% | 157,684 | $89.6M | Add +1.5% |
| EFV iShares MSCI Eafe Value ETF | 2.28% | 1,128,310 | $71.6M | Reduce -0.6% |
| IEFA iShares Core MSCI Eafe ETF | 2.05% | 771,658 | $64.4M | Add +10.3% |
| AAPL Apple Inc. | 1.96% | 300,315 | $61.6M | Reduce -12.8% |
| IEMG iShares Core MSCI Emerging | 1.93% | 1,011,769 | $60.7M | Add +0.1% |
| BND Vanguard Total Bond Market | 1.24% | 530,152 | $39.0M | Add +5.3% |
| IWB iShares Russell 1000 ETF | 1.22% | 112,672 | $38.3M | Add +57.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.20% | 61,012 | $37.7M | Add +1.1% |
| MUB iShares National Muni Bond E | 1.13% | 340,459 | $35.6M | Add +97.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 62,782 | $30.5M | Reduce -2.4% |
| DFUV Dimensional US Marketwide Va | 0.97% | 720,613 | $30.5M | Add +2.6% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.93% | 340,934 | $29.2M | Add +957.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.93% | 95,846 | $29.1M | Add +3.9% |
| AGG iShares Core U.S. Aggregate | 0.90% | 285,460 | $28.3M | Add +125.9% |
| AOR iShares Core 60/40 Balanced | 0.89% | 452,195 | $27.8M | Reduce -2.5% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.76% | 113,526 | $24.0M | Add +0.3% |
| MSFT Microsoft Corp. | 0.74% | 46,947 | $23.4M | Reduce -0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.70% | 327,792 | $22.0M | Add +0.9% |
| FBND Fidelity Total Bond ETF | 0.70% | 479,364 | $21.9M | Add +21.8% |
| DFAX Dimensional World Ex US Core | 0.70% | 745,315 | $21.9M | No change |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.67% | 636,111 | $21.0M | Reduce -2.9% |
| DEM Wisdomtree Emerging Markets | 0.61% | 422,475 | $19.1M | Reduce -3.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.58% | 104,063 | $18.4M | Add +18.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.53% | 70,004 | $16.6M | Reduce -6.1% |
| DFNM Dimensional National Muni BD | 0.52% | 347,452 | $16.5M | Add +4541.4% |
| VSS Vanguard Ftse All Wo X-US SC | 0.48% | 111,774 | $15.0M | Reduce -0.7% |
| XLF SS Financial Select Sector | 0.46% | 279,046 | $14.6M | No change |
| IWN iShares Russell 2000 Value E | 0.43% | 84,961 | $13.4M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.42% | 75,264 | $13.3M | Reduce -6.1% |
| PWRD TCW Transform Systems ETF | 0.41% | 141,515 | $12.8M | Add +2.1% |
| DFAC Dimensional US Core Equity 2 | 0.37% | 324,443 | $11.6M | Add +3.3% |
| DFAT Dimensional US Target Value | 0.33% | 193,868 | $10.5M | Add +2.0% |
| IWM iShares Russell 2000 ETF | 0.32% | 46,458 | $10.0M | Reduce -0.9% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.32% | 248,098 | $9.9M | Add +5.0% |
| IWV iShares Russell 3000 ETF | 0.28% | 25,520 | $9.0M | Reduce -8.7% |
| EFA iShares MSCI Eafe ETF | 0.28% | 99,808 | $8.9M | Add +79.0% |
| DFIV Dimensional International Va | 0.28% | 204,352 | $8.8M | Reduce -2.3% |
| VGT Vanguard Info Tech ETF | 0.27% | 12,891 | $8.6M | Reduce -37.3% |
| META Meta Platforms Inc. Class A | 0.26% | 11,069 | $8.2M | Reduce -3.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.26% | 86,569 | $8.1M | Reduce -6.8% |
| GOOG Alphabet Inc. Class C | 0.25% | 43,492 | $7.7M | Reduce -0.3% |
| VEA Vanguard Ftse Developed ETF | 0.24% | 134,618 | $7.7M | Reduce -7.6% |
| VOTE TCW Transform 500 ETF | 0.24% | 102,247 | $7.4M | Add +9.3% |
| IWR iShares Russell Mid-Cap ETF | 0.23% | 78,908 | $7.3M | Add +100.0% |
| DFAS Dimensional US Small Cap ETF | 0.23% | 112,693 | $7.2M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.22% | 24,330 | $7.1M | Reduce -7.3% |
| IWD iShares Russell 1000 Value E | 0.22% | 35,820 | $7.0M | Add +6.0% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.21% | 78,711 | $6.6M | Reduce -9.2% |
| AMZN Amazon.com Inc. | 0.21% | 30,122 | $6.6M | Reduce -1.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 8 | $5.8M | No change |
| SCHX Schwab US Large-Cap ETF | 0.18% | 230,410 | $5.6M | Reduce -0.6% |
| VWO Vanguard Ftse Emerging Marke | 0.17% | 108,842 | $5.4M | Add +0.5% |
| DLN Wisdomtree US Largecap Divid | 0.17% | 65,224 | $5.4M | Add +62.1% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 48,781 | $5.3M | Add +44.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 11,951 | $5.2M | No change |
| PG The Procter & Gamble Co. | 0.16% | 32,524 | $5.2M | Add +0.7% |
| ITOT iShares Core S&P Total U.S. | 0.16% | 37,939 | $5.1M | Add +62.0% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.16% | 153,062 | $4.9M | Reduce -26.0% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.15% | 131,679 | $4.6M | Add +4.8% |
| IYY iShares Dow Jones U.S. ETF | 0.14% | 29,744 | $4.5M | No change |
| CINF Cincinnati Financial Corp. | 0.14% | 29,934 | $4.5M | Reduce -10.0% |
| ORCL Oracle Corp. | 0.14% | 19,994 | $4.4M | Reduce -0.4% |
| EEM iShares MSCI Emerging Market | 0.14% | 88,726 | $4.3M | Add +100.2% |
| IWF iShares Russell 1000 Growth | 0.13% | 9,996 | $4.2M | Add +1.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.13% | 58,150 | $4.2M | Add +1.6% |
| IUSG iShares Core S&P U.S. Growth | 0.13% | 27,787 | $4.2M | No change |
| VTIP Vanguard Short-Term Tips | 0.13% | 81,710 | $4.1M | New |
| IJH iShares Core S&P Midcap ETF | 0.13% | 66,227 | $4.1M | Reduce -2.4% |
| NVDA Nvidia Corp. | 0.13% | 25,838 | $4.1M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 7,219 | $4.0M | Add +22.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 13,337 | $3.8M | Reduce -2.1% |
| RY Royal Bank of Canada | 0.12% | 28,359 | $3.7M | Add +0.0% |
| VONV Vanguard Russell 1000 Value | 0.11% | 40,191 | $3.4M | No change |
| IWP iShares Russell Mid-Cap Grow | 0.11% | 24,666 | $3.4M | Add +100.3% |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 18,223 | $3.3M | Reduce -12.5% |
| VNQ Vanguard Real Estate ETF | 0.10% | 37,013 | $3.3M | Reduce -1.1% |
| VUSB Vanguard Ultra Short Bond Et | 0.10% | 62,926 | $3.1M | Add +31.5% |
| JNJ Johnson & Johnson | 0.10% | 20,226 | $3.1M | Reduce -3.6% |
| AVGO Broadcom Inc. | 0.10% | 11,080 | $3.1M | Add +7.1% |
| TDG Transdigm Group Inc. | 0.10% | 2,006 | $3.1M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.09% | 25,610 | $2.8M | Reduce -1.4% |
| BILL Bill Holdings Inc. | 0.09% | 59,607 | $2.8M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 22,032 | $2.7M | Reduce -12.2% |
| PEP Pepsico Inc. | 0.08% | 18,742 | $2.5M | Reduce -1.1% |
| VXUS Vanguard Total Intl Stock | 0.08% | 35,129 | $2.4M | Add +350.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.08% | 21,626 | $2.4M | New |
| ABT Abbott Laboratories | 0.07% | 17,259 | $2.3M | Reduce -10.4% |
| SCHW Schwab (charles) Corp. | 0.07% | 24,806 | $2.3M | Reduce -4.3% |
| ACWI iShares MSCI Acwi ETF | 0.07% | 17,374 | $2.2M | Add +2.1% |
| COST Costco Wholesale Corp. | 0.07% | 2,211 | $2.2M | Add +3.8% |
| TSLA Tesla Inc. | 0.07% | 6,697 | $2.1M | Reduce -1.7% |
| SDY SS SPDR S&P Dividend ETF | 0.07% | 15,564 | $2.1M | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.07% | 19,060 | $2.1M | Reduce -3.4% |
| HD Home Depot Inc. | 0.07% | 5,634 | $2.1M | Reduce -0.8% |
Options reported separately and not counted above: BRK.B calls ($729K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $331K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $331K | No change |
Total filed on the 13F, all lines: $3.1B.
Portfolio Sells Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -8.1% | 7.50% | −1.51 |
| ACWV iShares MSCI Global Min Vol | Reduce -1.4% | 9.10% | −0.79 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.8% | 9.20% | −0.77 |
| AAPL Apple Inc. | Reduce -12.8% | 1.96% | −0.70 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.4% | 0.97% | −0.22 |
| VGT Vanguard Info Tech ETF | Reduce -37.3% | 0.27% | −0.12 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -26.0% | 0.16% | −0.07 |
| SDG Ish MSCI Glob Sust Deve Goal | Reduce -67.9% | 0.02% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -6.1% | 0.53% | −0.05 |
| EFV iShares MSCI Eafe Value ETF | Reduce -0.6% | 2.28% | −0.05 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -6.8% | 0.26% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -20.3% | 0.03% | −0.04 |
| AOR iShares Core 60/40 Balanced | Reduce -2.5% | 0.89% | −0.04 |
| DEM Wisdomtree Emerging Markets | Reduce -3.9% | 0.61% | −0.03 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -2.9% | 0.67% | −0.03 |
| SCHM Schwab US Mid Cap ETF | Reduce -68.4% | 0.01% | −0.03 |
| CINF Cincinnati Financial Corp. | Reduce -10.0% | 0.14% | −0.03 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -9.2% | 0.21% | −0.02 |
| IWN iShares Russell 2000 Value E | Reduce -1.1% | 0.43% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -8.7% | 0.28% | −0.02 |
| CVX Chevron Corp. | Reduce -5.6% | 0.06% | −0.02 |
| JNJ Johnson & Johnson | Reduce -3.6% | 0.10% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -12.5% | 0.11% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.1% | 0.08% | −0.02 |
| TJX TJX Companies Inc. | Reduce -12.2% | 0.09% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 0.09% | −0.02 |
| GLD SPDR Gold Shares | Reduce -34.2% | 0.03% | −0.01 |
| ABT Abbott Laboratories | Reduce -10.4% | 0.07% | −0.01 |
| UNP Union Pacific Corp. | Reduce -11.3% | 0.05% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -12.5% | 0.06% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.6% | 0.24% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -1.1% | 0.10% | −0.01 |
| ABBV Abbvie Inc. | Reduce -1.3% | 0.05% | −0.01 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.01 |
| TEM Tempus AI Inc. Class A | Reduce -57.1% | 0.01% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -10.0% | 0.04% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -38.5% | 0.01% | −0.01 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -43.1% | 0.01% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -6.1% | 0.42% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.4% | 0.07% | −0.01 |
| PAYX Paychex Inc. | Reduce -0.2% | 0.05% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.7% | 0.02% | −0.01 |
| REET iShares Global REIT ETF | Reduce -28.6% | 0.02% | −0.01 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.01 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| DFIV Dimensional International Va | Reduce -2.3% | 0.28% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +7.0% | 12.33% | +0.94 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +957.1% | 0.93% | +0.83 |
| DFNM Dimensional National Muni BD | Add +4541.4% | 0.52% | +0.51 |
| MUB iShares National Muni Bond E | Add +97.4% | 1.13% | +0.50 |
| AGG iShares Core U.S. Aggregate | Add +125.9% | 0.90% | +0.47 |
| IWB iShares Russell 1000 ETF | Add +57.4% | 1.22% | +0.45 |
| IEFA iShares Core MSCI Eafe ETF | Add +10.3% | 2.05% | +0.21 |
| VTIP Vanguard Short-Term Tips | New | 0.13% | +0.13 |
| EFA iShares MSCI Eafe ETF | Add +79.0% | 0.28% | +0.13 |
| IWR iShares Russell Mid-Cap ETF | Add +100.0% | 0.23% | +0.11 |
| VOO Vanguard S&P 500 ETF | Add +1.5% | 2.85% | +0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.08% | +0.08 |
| FBND Fidelity Total Bond ETF | Add +21.8% | 0.70% | +0.07 |
| PWRD TCW Transform Systems ETF | Add +2.1% | 0.41% | +0.07 |
| EEM iShares MSCI Emerging Market | Add +100.2% | 0.14% | +0.07 |
| ITOT iShares Core S&P Total U.S. | Add +62.0% | 0.16% | +0.06 |
| VXUS Vanguard Total Intl Stock | Add +350.0% | 0.08% | +0.06 |
| DLN Wisdomtree US Largecap Divid | Add +62.1% | 0.17% | +0.06 |
| IWP iShares Russell Mid-Cap Grow | Add +100.3% | 0.11% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +18.4% | 0.58% | +0.06 |
| IJR iShares Core S&P Small-Cap E | Add +44.3% | 0.17% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.9% | 0.93% | +0.05 |
| ADP Automatic Data Processing | Add +378.5% | 0.06% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +0.1% | 1.93% | +0.04 |
| AVGO Broadcom Inc. | Add +7.1% | 0.10% | +0.04 |
| NVDA Nvidia Corp. | Add +0.1% | 0.13% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +22.5% | 0.13% | +0.03 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.1% | 1.20% | +0.03 |
| IVE iShares S&P 500 Value ETF | Add +98.8% | 0.05% | +0.02 |
| VOTE TCW Transform 500 ETF | Add +9.3% | 0.24% | +0.02 |
| ESGU iShares ESG Aware MSCI USA | New | 0.02% | +0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +5.0% | 0.32% | +0.02 |
| VUSB Vanguard Ultra Short Bond Et | Add +31.5% | 0.10% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.9% | 0.70% | +0.02 |
| AOA iShares Core 80/20 Aggressiv | Add +81.8% | 0.03% | +0.02 |
| NFLX Netflix Inc. | Add +0.3% | 0.06% | +0.01 |
| TIP iShares Tips Bond ETF | New | 0.01% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +129.8% | 0.03% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +57.4% | 0.04% | +0.01 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +0.3% | 0.76% | +0.01 |
| RBRK Rubrik Inc. Class A | New | 0.01% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +70.2% | 0.03% | +0.01 |
| AOM iShares Core 40/60 Moderate | Add +30.9% | 0.06% | +0.01 |
| IXN iShares Global Tech ETF | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +1.1% | 0.13% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +3.3% | 0.37% | +0.01 |
| IWS iShares Russell Mid-Cap Valu | Add +101.4% | 0.02% | +0.01 |
| AOK iShares Core 30/70 Conservat | New | 0.01% | +0.01 |
| ANET Arista Networks Inc. | New | 0.01% | +0.01 |
Options Activity Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | call | New | 1,500 | $729K |
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 |