Aspiriant, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Aspiriant, LLC reported 296 stock positions worth $3.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.2% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 11.0%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 9.7%). Compared with Q2 2025, it opened 15 new positions, sold out of 26, added to 61 and reduced 165. The biggest buy was Vngrd Mrngst SL-CP Val ETF-U (VBR, shares +3%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $3.3B (Q3 2025)
- SEC Filing
- 0001172661-25-004424 ↗ filed Oct 24, 2025
Holdings Value
Holdings 296 stocks · $3.3B
| IVV iShares Core S&P 500 ETF | 12.25% | 598,429 | $400.5M | Reduce -4.2% |
| IUSV iShares Core S&P U.S. Value | 11.01% | 3,600,340 | $359.9M | Add +0.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 9.75% | 1,527,300 | $318.8M | Add +3.0% |
| ACWV iShares MSCI Global Min Vol | 8.87% | 2,419,677 | $290.2M | Add +0.2% |
| VIG Vanguard Dividend Apprec ETF | 6.39% | 968,533 | $209.0M | Add +0.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 6.32% | 4,124,235 | $206.5M | Reduce -14.3% |
| VOO Vanguard S&P 500 ETF | 2.94% | 157,178 | $96.3M | Reduce -0.3% |
| EFV iShares MSCI Eafe Value ETF | 2.32% | 1,117,343 | $75.8M | Reduce -1.0% |
| AAPL Apple Inc. | 2.28% | 292,895 | $74.6M | Reduce -2.5% |
| IEFA iShares Core MSCI Eafe ETF | 2.24% | 839,172 | $73.3M | Add +8.8% |
| IEMG iShares Core MSCI Emerging | 2.06% | 1,019,936 | $67.2M | Add +0.8% |
| IWB iShares Russell 1000 ETF | 1.25% | 112,068 | $41.0M | Reduce -0.5% |
| BND Vanguard Total Bond Market | 1.24% | 544,740 | $40.5M | Add +2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.23% | 60,429 | $40.3M | Reduce -1.0% |
| MUB iShares National Muni Bond E | 1.10% | 338,053 | $36.0M | Reduce -0.7% |
| DFUV Dimensional US Marketwide Va | 0.99% | 725,093 | $32.4M | Add +0.6% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.97% | 333,294 | $31.7M | Reduce -2.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.96% | 95,606 | $31.4M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 61,401 | $30.9M | Reduce -2.2% |
| AOR iShares Core 60/40 Balanced | 0.92% | 465,643 | $30.0M | Add +3.0% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.80% | 114,664 | $26.0M | Add +1.0% |
| FBND Fidelity Total Bond ETF | 0.77% | 547,715 | $25.3M | Add +14.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.72% | 328,250 | $23.4M | Add +0.1% |
| MSFT Microsoft Corp. | 0.71% | 44,994 | $23.3M | Reduce -4.2% |
| DFAX Dimensional World Ex US Core | 0.71% | 736,908 | $23.1M | Reduce -1.1% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.69% | 624,096 | $22.6M | Reduce -1.9% |
| DEM Wisdomtree Emerging Markets | 0.59% | 419,980 | $19.3M | Reduce -0.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.59% | 75,267 | $19.1M | Add +7.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.58% | 102,384 | $19.1M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 0.55% | 73,891 | $18.0M | Reduce -1.8% |
| DFNM Dimensional National Muni BD | 0.54% | 367,049 | $17.6M | Add +5.6% |
| AGG iShares Core U.S. Aggregate | 0.50% | 163,669 | $16.4M | Reduce -42.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.46% | 106,313 | $15.2M | Reduce -4.9% |
| XLF SS Financial Select Sector | 0.46% | 280,560 | $15.1M | Add +0.5% |
| IWN iShares Russell 2000 Value E | 0.46% | 84,672 | $15.0M | Reduce -0.3% |
| PWRD TCW Transform Systems ETF | 0.43% | 142,783 | $13.9M | Add +0.9% |
| DFAC Dimensional US Core Equity 2 | 0.38% | 320,167 | $12.3M | Reduce -1.3% |
| IWM iShares Russell 2000 ETF | 0.34% | 46,242 | $11.2M | Reduce -0.5% |
| DFAT Dimensional US Target Value | 0.34% | 191,941 | $11.2M | Reduce -1.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.33% | 252,229 | $10.8M | Add +1.7% |
| GOOG Alphabet Inc. Class C | 0.32% | 42,302 | $10.3M | Reduce -2.7% |
| VGT Vanguard Info Tech ETF | 0.30% | 13,148 | $9.8M | Add +2.0% |
| IWV iShares Russell 3000 ETF | 0.30% | 25,466 | $9.7M | Reduce -0.2% |
| DFIV Dimensional International Va | 0.29% | 202,427 | $9.3M | Reduce -0.9% |
| VOTE TCW Transform 500 ETF | 0.25% | 105,559 | $8.3M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 137,470 | $8.2M | Add +2.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.25% | 85,448 | $8.1M | Reduce -1.3% |
| DFAS Dimensional US Small Cap ETF | 0.25% | 117,061 | $8.0M | Add +3.9% |
| DLN Wisdomtree US Largecap Divid | 0.24% | 90,157 | $7.8M | Add +38.2% |
| META Meta Platforms Inc. Class A | 0.24% | 10,627 | $7.8M | Reduce -4.0% |
| IWD iShares Russell 1000 Value E | 0.23% | 36,909 | $7.5M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 0.22% | 23,028 | $7.3M | Reduce -5.3% |
| AMZN Amazon.com Inc. | 0.21% | 31,738 | $7.0M | Add +5.4% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.20% | 76,881 | $6.5M | Reduce -2.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 12,773 | $6.1M | Add +6.9% |
| IJR iShares Core S&P Small-Cap E | 0.19% | 51,365 | $6.1M | Add +5.3% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 229,919 | $6.1M | Reduce -0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.18% | 8 | $6.0M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 110,935 | $6.0M | Add +1.9% |
| ORCL Oracle Corp. | 0.17% | 19,828 | $5.6M | Reduce -0.8% |
| ITOT iShares Core S&P Total U.S. | 0.17% | 37,939 | $5.5M | No change |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.17% | 163,708 | $5.5M | Add +7.0% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.16% | 141,658 | $5.1M | Add +7.6% |
| IYY iShares Dow Jones U.S. ETF | 0.15% | 29,744 | $4.8M | No change |
| PG The Procter & Gamble Co. | 0.15% | 31,364 | $4.8M | Reduce -3.6% |
| EFA iShares MSCI Eafe ETF | 0.14% | 49,197 | $4.6M | Reduce -50.7% |
| NVDA Nvidia Corp. | 0.14% | 24,542 | $4.6M | Reduce -5.0% |
| IUSG iShares Core S&P U.S. Growth | 0.14% | 27,787 | $4.6M | No change |
| CINF Cincinnati Financial Corp. | 0.14% | 28,892 | $4.6M | Reduce -3.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.14% | 14,680 | $4.5M | Add +10.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.13% | 57,413 | $4.4M | Reduce -1.3% |
| VUSB Vanguard Ultra Short Bond Et | 0.13% | 86,913 | $4.3M | Add +38.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 7,212 | $4.3M | Reduce -0.1% |
| VTIP Vanguard Short-Term Tips | 0.13% | 82,608 | $4.2M | Add +1.1% |
| RY Royal Bank of Canada | 0.13% | 27,892 | $4.1M | Reduce -1.6% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 58,825 | $3.8M | Reduce -11.2% |
| IWR iShares Russell Mid-Cap ETF | 0.12% | 39,311 | $3.8M | Reduce -50.2% |
| VONV Vanguard Russell 1000 Value | 0.11% | 40,191 | $3.6M | No change |
| JNJ Johnson & Johnson | 0.11% | 19,296 | $3.6M | Reduce -4.6% |
| IWF iShares Russell 1000 Growth | 0.11% | 7,571 | $3.5M | Reduce -24.3% |
| VNQ Vanguard Real Estate ETF | 0.10% | 37,118 | $3.4M | Add +0.3% |
| AVGO Broadcom Inc. | 0.10% | 10,144 | $3.3M | Reduce -8.4% |
| BILL Bill Holdings Inc. | 0.10% | 59,594 | $3.2M | Reduce -0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 21,650 | $3.1M | Reduce -1.7% |
| RSP Invesco S&P 500 Equal Weight | 0.09% | 15,650 | $3.0M | Reduce -14.1% |
| XOM Exxon Mobil Corp. | 0.09% | 25,531 | $2.9M | Reduce -0.3% |
| TDG Transdigm Group Inc. | 0.08% | 2,000 | $2.6M | Reduce -0.3% |
| VXUS Vanguard Total Intl Stock | 0.08% | 35,129 | $2.6M | No change |
| PEP Pepsico Inc. | 0.07% | 17,101 | $2.4M | Reduce -8.8% |
| ACWI iShares MSCI Acwi ETF | 0.07% | 17,316 | $2.4M | Reduce -0.3% |
| TSLA Tesla Inc. | 0.07% | 5,147 | $2.3M | Reduce -23.1% |
| ABT Abbott Laboratories | 0.07% | 17,053 | $2.3M | Reduce -1.2% |
| SCHW Schwab (charles) Corp. | 0.07% | 23,813 | $2.3M | Reduce -4.0% |
| HD Home Depot Inc. | 0.07% | 5,605 | $2.3M | Reduce -0.5% |
| SDY SS SPDR S&P Dividend ETF | 0.07% | 15,564 | $2.2M | No change |
| AOM iShares Core 40/60 Moderate | 0.07% | 45,218 | $2.2M | Add +16.6% |
| ABBV Abbvie Inc. | 0.07% | 9,235 | $2.1M | Add +10.0% |
| EEM iShares MSCI Emerging Market | 0.06% | 39,576 | $2.1M | Reduce -55.4% |
| SHV iShares 0-1 Year Treasury Bo | 0.06% | 18,830 | $2.1M | Reduce -1.2% |
| CVX Chevron Corp. | 0.06% | 13,380 | $2.1M | Reduce -5.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $353K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,980 | $353K | No change |
Total filed on the 13F, all lines: $3.3B.
Portfolio Sells Q2 2025 → Q3 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -14.3% | 6.32% | −1.19 |
| AGG iShares Core U.S. Aggregate | Reduce -42.7% | 0.50% | −0.40 |
| EFA iShares MSCI Eafe ETF | Reduce -50.7% | 0.14% | −0.14 |
| IWR iShares Russell Mid-Cap ETF | Reduce -50.2% | 0.12% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -4.2% | 12.25% | −0.08 |
| EEM iShares MSCI Emerging Market | Reduce -55.4% | 0.06% | −0.07 |
| IWP iShares Russell Mid-Cap Grow | Reduce -50.1% | 0.05% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -49.5% | 0.04% | −0.04 |
| MUB iShares National Muni Bond E | Reduce -0.7% | 1.10% | −0.03 |
| MSFT Microsoft Corp. | Reduce -4.2% | 0.71% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -24.3% | 0.11% | −0.03 |
| IVE iShares S&P 500 Value ETF | Reduce -50.0% | 0.03% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.94% | −0.03 |
| ACN Accenture PLC Class A | Reduce -73.3% | 0.01% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.0% | 0.24% | −0.02 |
| DEM Wisdomtree Emerging Markets | Reduce -0.6% | 0.59% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.15% | −0.02 |
| TDG Transdigm Group Inc. | Reduce -0.3% | 0.08% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -14.1% | 0.09% | −0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -4.9% | 0.46% | −0.01 |
| CRM Salesforce Inc. | Reduce -18.3% | 0.03% | −0.01 |
| ADP Automatic Data Processing | Reduce -16.1% | 0.04% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -11.2% | 0.12% | −0.01 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -8.1% | 0.06% | −0.01 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.01 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.01 |
| IXN iShares Global Tech ETF | Sold out | 0.00% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -30.1% | 0.02% | −0.01 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -2.3% | 0.20% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -41.2% | 0.01% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -50.6% | 0.01% | −0.01 |
| NFLX Netflix Inc. | Reduce -3.2% | 0.05% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.3% | 0.25% | −0.01 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.01 |
| SLGN Silgan Holdings Inc. | Reduce -0.1% | 0.03% | −0.01 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.01 |
| QLTY GMO U.S. Quality ETF | Sold out | 0.00% | −0.01 |
| PAYX Paychex Inc. | Reduce -0.4% | 0.04% | −0.01 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.01 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.01 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.01 |
| SUB iShares Short-Term National | Sold out | 0.00% | −0.01 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -2.4% | 0.05% | −0.01 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.01 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +3.0% | 9.75% | +0.55 |
| IUSV iShares Core S&P U.S. Value | Add +0.7% | 11.01% | +0.25 |
| IEFA iShares Core MSCI Eafe ETF | Add +8.8% | 2.24% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +0.8% | 2.06% | +0.13 |
| VIG Vanguard Dividend Apprec ETF | Add +0.5% | 6.39% | +0.12 |
| FBND Fidelity Total Bond ETF | Add +14.3% | 0.77% | +0.08 |
| DLN Wisdomtree US Largecap Divid | Add +38.2% | 0.24% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +7.5% | 0.59% | +0.06 |
| VUSB Vanguard Ultra Short Bond Et | Add +38.1% | 0.13% | +0.03 |
| AOR iShares Core 60/40 Balanced | Add +3.0% | 0.92% | +0.03 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +1.0% | 0.80% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +2.0% | 0.30% | +0.03 |
| UBER Uber Technologies Inc. | New | 0.02% | +0.02 |
| DFUV Dimensional US Marketwide Va | Add +0.6% | 0.99% | +0.02 |
| RDIV Invesco S&P Ultra Dividend | New | 0.02% | +0.02 |
| PWRD TCW Transform Systems ETF | Add +0.9% | 0.43% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +6.9% | 0.19% | +0.02 |
| SCHF Schwab Intl Equity ETF | New | 0.02% | +0.02 |
| DDOG Datadog Inc. Class A | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +5.3% | 0.19% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +10.1% | 0.14% | +0.02 |
| VOTE TCW Transform 500 ETF | Add +3.2% | 0.25% | +0.02 |
| DFAS Dimensional US Small Cap ETF | Add +3.9% | 0.25% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.1% | 0.72% | +0.02 |
| ABBV Abbvie Inc. | Add +10.0% | 0.07% | +0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.7% | 0.33% | +0.02 |
| SCHG Schwab US Large-Cap Growth | Add +89.5% | 0.03% | +0.01 |
| DFNM Dimensional National Muni BD | Add +5.6% | 0.54% | +0.01 |
| HDV iShares Core High Dividend E | Add +143.9% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +1.9% | 0.18% | +0.01 |
| SOXX iShares Semiconductor ETF | New | 0.01% | +0.01 |
| ILCG iShares Morningstar Growth E | New | 0.01% | +0.01 |
| VGIT Vanguard Intermediate-Term T | Add +93.9% | 0.02% | +0.01 |
| PVLA Palvella Therapeutics Inc. | New | 0.01% | +0.01 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Add +7.0% | 0.17% | +0.01 |
| SCHA Schwab US Small-Cap ETF | New | 0.01% | +0.01 |
| STRL Sterling Infrastructure Inc. | New | 0.01% | +0.01 |
| AOM iShares Core 40/60 Moderate | Add +16.6% | 0.07% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +3.0% | 0.23% | +0.01 |
| MNA Nylim Merger Arbtrage ETF-Ui | Add +7.6% | 0.16% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +2.1% | 0.25% | +0.01 |
| LOW Lowe's Cos Inc. | Add +6.4% | 0.05% | +0.01 |
| XLK SS Technology Select Sector | Add +22.2% | 0.03% | +0.01 |
| VHT Vanguard Health Care ETF | New | 0.01% | +0.01 |
| DFAW Dimensional World Eqty ETF | New | 0.01% | +0.01 |
| BEP Brookfield Renewable Partner | New | 0.01% | +0.01 |
| REZI Resideo Technologies Inc. | New | 0.01% | +0.01 |
| IYW iShares Ustechnology ETF | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | Add +67.0% | 0.01% | +0.01 |
| XERS Xeris Biopharma Holdings Inc. | New | 0.01% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| BRK.B Berkshire Hathaway Inc. Class B | call | Sold out | 1,500 | $729Kbefore 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 |