Aspiriant, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Aspiriant, LLC reported 318 stock positions worth $3.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.4% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 10.6%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 9.9%). Compared with Q3 2025, it opened 32 new positions, sold out of 10, added to 177 and reduced 75. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +15%) and the biggest sale iShares MSCI Global Min Vol (ACWV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001433541
- Portfolio Value
- $3.5B (Q4 2025)
- SEC Filing
- 0001172661-26-000216 ↗ filed Jan 20, 2026
Holdings Value
Holdings 318 stocks · $3.5B
| IVV iShares Core S&P 500 ETF | 12.36% | 627,909 | $430.1M | Add +4.9% |
| IUSV iShares Core S&P U.S. Value | 10.55% | 3,582,196 | $367.3M | Reduce -0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 9.86% | 1,620,708 | $343.2M | Add +6.1% |
| ACWV iShares MSCI Global Min Vol | 8.21% | 2,406,100 | $285.7M | Reduce -0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 6.22% | 4,304,051 | $216.5M | Add +4.4% |
| VIG Vanguard Dividend Apprec ETF | 6.02% | 954,027 | $209.7M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 3.25% | 180,170 | $113.0M | Add +14.6% |
| IEFA iShares Core MSCI Eafe ETF | 2.35% | 915,576 | $81.9M | Add +9.1% |
| EFV iShares MSCI Eafe Value ETF | 2.24% | 1,090,928 | $77.9M | Reduce -2.4% |
| AAPL Apple Inc. | 2.21% | 283,200 | $77.0M | Reduce -3.3% |
| IEMG iShares Core MSCI Emerging | 2.03% | 1,052,887 | $70.8M | Add +3.2% |
| IWB iShares Russell 1000 ETF | 1.23% | 114,328 | $42.7M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 59,832 | $40.8M | Reduce -1.0% |
| BND Vanguard Total Bond Market | 1.12% | 526,032 | $39.0M | Reduce -3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 68,717 | $34.5M | Add +11.9% |
| FBND Fidelity Total Bond ETF | 0.97% | 735,702 | $33.9M | Add +34.3% |
| DFUV Dimensional US Marketwide Va | 0.96% | 718,099 | $33.5M | Reduce -1.0% |
| MUB iShares National Muni Bond E | 0.93% | 302,809 | $32.4M | Reduce -10.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.91% | 94,392 | $31.6M | Reduce -1.3% |
| AOR iShares Core 60/40 Balanced | 0.90% | 481,329 | $31.3M | Add +3.4% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.88% | 311,630 | $30.5M | Reduce -6.5% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.77% | 116,572 | $26.9M | Add +1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.70% | 333,057 | $24.5M | Add +1.5% |
| DFAX Dimensional World Ex US Core | 0.68% | 727,702 | $23.8M | Reduce -1.3% |
| MSFT Microsoft Corp. | 0.67% | 48,086 | $23.3M | Add +6.9% |
| GOOGL Alphabet Inc. Class A | 0.65% | 72,282 | $22.6M | Reduce -2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.60% | 81,513 | $21.0M | Add +8.3% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.56% | 542,249 | $19.6M | Reduce -13.1% |
| AGG iShares Core U.S. Aggregate | 0.56% | 193,384 | $19.3M | Add +18.2% |
| DFNM Dimensional National Muni BD | 0.55% | 400,076 | $19.3M | Add +9.0% |
| DEM Wisdomtree Emerging Markets | 0.55% | 412,426 | $19.3M | Reduce -1.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 100,607 | $19.2M | Reduce -1.7% |
| XLF SS Financial Select Sector | 0.44% | 282,431 | $15.5M | Add +0.7% |
| IWN iShares Russell 2000 Value E | 0.43% | 82,415 | $14.9M | Reduce -2.7% |
| VEA Vanguard Ftse Developed ETF | 0.43% | 238,514 | $14.9M | Add +73.5% |
| PWRD TCW Transform Systems ETF | 0.41% | 147,079 | $14.1M | Add +3.0% |
| IWM iShares Russell 2000 ETF | 0.39% | 54,428 | $13.4M | Add +17.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.38% | 93,262 | $13.4M | Reduce -12.3% |
| GOOG Alphabet Inc. Class C | 0.37% | 41,020 | $12.9M | Reduce -3.0% |
| DFAC Dimensional US Core Equity 2 | 0.36% | 320,175 | $12.7M | Add +0.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.33% | 257,403 | $11.6M | Add +2.0% |
| DFAT Dimensional US Target Value | 0.33% | 191,240 | $11.4M | Reduce -0.4% |
| VOTE TCW Transform 500 ETF | 0.30% | 130,776 | $10.5M | Add +23.9% |
| DFIV Dimensional International Va | 0.29% | 205,214 | $10.2M | Add +1.4% |
| VGT Vanguard Info Tech ETF | 0.29% | 13,289 | $10.0M | Add +1.1% |
| IWV iShares Russell 3000 ETF | 0.27% | 24,515 | $9.5M | Reduce -3.7% |
| NVDA Nvidia Corp. | 0.27% | 49,856 | $9.3M | Add +103.2% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 137,803 | $9.1M | Add +134.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.24% | 102,726 | $8.5M | New |
| DFAS Dimensional US Small Cap ETF | 0.23% | 115,482 | $8.0M | Reduce -1.4% |
| EFA iShares MSCI Eafe ETF | 0.23% | 83,671 | $8.0M | Add +70.1% |
| JPM JPMorgan Chase & Co. | 0.23% | 24,769 | $8.0M | Add +7.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.23% | 83,206 | $7.8M | Reduce -2.6% |
| DLN Wisdomtree US Largecap Divid | 0.23% | 88,889 | $7.8M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.22% | 33,552 | $7.7M | Add +5.7% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 64,366 | $7.7M | Add +25.3% |
| IWD iShares Russell 1000 Value E | 0.22% | 36,641 | $7.7M | Reduce -0.7% |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 140,133 | $7.5M | Add +26.3% |
| META Meta Platforms Inc. Class A | 0.21% | 11,224 | $7.4M | Add +5.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.20% | 54,846 | $7.1M | Add +306.4% |
| VONV Vanguard Russell 1000 Value | 0.19% | 72,300 | $6.7M | Add +79.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 12,917 | $6.3M | Add +1.1% |
| SCHX Schwab US Large-Cap ETF | 0.18% | 227,400 | $6.1M | Reduce -1.1% |
| ITOT iShares Core S&P Total U.S. | 0.17% | 40,235 | $6.0M | Add +6.0% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.17% | 176,091 | $5.9M | Add +7.6% |
| SUSA iShares ESG Optimized MSCI U | 0.17% | 42,007 | $5.9M | Add +511.6% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.16% | 65,678 | $5.7M | Reduce -14.6% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.16% | 151,667 | $5.4M | Add +7.1% |
| IYY iShares Dow Jones U.S. ETF | 0.14% | 29,744 | $4.9M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 7,927 | $4.9M | Add +9.9% |
| RY Royal Bank of Canada | 0.14% | 28,082 | $4.8M | Add +0.7% |
| IUSG iShares Core S&P U.S. Growth | 0.13% | 27,787 | $4.7M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.13% | 14,444 | $4.5M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.13% | 31,461 | $4.5M | Add +0.3% |
| VUSB Vanguard Ultra Short Bond Et | 0.13% | 88,711 | $4.4M | Add +2.1% |
| CINF Cincinnati Financial Corp. | 0.13% | 27,025 | $4.4M | Reduce -6.5% |
| ADBE Adobe Inc. | 0.12% | 12,375 | $4.3M | Add +333.6% |
| AVGO Broadcom Inc. | 0.12% | 12,016 | $4.2M | Add +18.4% |
| JNJ Johnson & Johnson | 0.12% | 19,866 | $4.1M | Add +3.0% |
| SCZ iShares MSCI Eafe Small-Cap | 0.12% | 52,883 | $4.1M | Reduce -7.9% |
| ORCL Oracle Corp. | 0.12% | 20,765 | $4.0M | Add +4.7% |
| VTIP Vanguard Short-Term Tips | 0.12% | 81,710 | $4.0M | Reduce -1.1% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 39,325 | $3.8M | Add +0.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 5 | $3.8M | Reduce -37.5% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.11% | 130,604 | $3.7M | New |
| IWF iShares Russell 1000 Growth | 0.10% | 7,691 | $3.6M | Add +1.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.10% | 42,153 | $3.5M | Add +373.7% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 17,996 | $3.4M | Add +15.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 22,165 | $3.4M | Add +2.4% |
| VNQ Vanguard Real Estate ETF | 0.10% | 37,981 | $3.4M | Add +2.3% |
| BILL Bill Holdings Inc. | 0.09% | 59,594 | $3.3M | No change |
| XOM Exxon Mobil Corp. | 0.09% | 26,156 | $3.1M | Add +2.5% |
| CRM Salesforce Inc. | 0.09% | 11,627 | $3.1M | Add +180.2% |
| TDG Transdigm Group Inc. | 0.08% | 2,001 | $2.7M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.08% | 34,463 | $2.7M | Add +92.1% |
| SCHW Schwab (charles) Corp. | 0.07% | 24,245 | $2.4M | Add +1.8% |
| PEP Pepsico Inc. | 0.07% | 16,607 | $2.4M | Reduce -2.9% |
| ACWI iShares MSCI Acwi ETF | 0.07% | 16,841 | $2.4M | Reduce -2.7% |
| EAGG iShares ESG Aware US Aggrega | 0.06% | 45,994 | $2.2M | Add +90.2% |
| TSLA Tesla Inc. | 0.06% | 4,889 | $2.2M | Reduce -5.0% |
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: $3.5B.
Portfolio Sells Q3 2025 → Q4 2025
| ACWV iShares MSCI Global Min Vol | Reduce -0.6% | 8.21% | −0.66 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.5% | 10.55% | −0.45 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.5% | 6.02% | −0.37 |
| MUB iShares National Muni Bond E | Reduce -10.4% | 0.93% | −0.17 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -13.1% | 0.56% | −0.13 |
| BND Vanguard Total Bond Market | Reduce -3.4% | 1.12% | −0.12 |
| VIOV Vanguard S&P Small-Cap 600 V | Reduce -6.5% | 0.88% | −0.10 |
| EFV iShares MSCI Eafe Value ETF | Reduce -2.4% | 2.24% | −0.08 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -12.3% | 0.38% | −0.08 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -37.5% | 0.11% | −0.08 |
| AAPL Apple Inc. | Reduce -3.3% | 2.21% | −0.07 |
| VXUS Vanguard Total Intl Stock | Reduce -74.4% | 0.02% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 1.17% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.3% | 0.91% | −0.05 |
| DEM Wisdomtree Emerging Markets | Reduce -1.8% | 0.55% | −0.04 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -14.6% | 0.16% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.7% | 0.55% | −0.03 |
| DFUV Dimensional US Marketwide Va | Reduce -1.0% | 0.96% | −0.03 |
| IWN iShares Russell 2000 Value E | Reduce -2.7% | 0.43% | −0.03 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.6% | 0.23% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -1.3% | 0.68% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -3.7% | 0.27% | −0.02 |
| HD Home Depot Inc. | Reduce -10.0% | 0.05% | −0.02 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.02 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -7.9% | 0.12% | −0.02 |
| NFLX Netflix Inc. | Reduce -4.1% | 0.04% | −0.02 |
| VXF Vanguard Extended Market ETF | Reduce -36.5% | 0.02% | −0.01 |
| DLN Wisdomtree US Largecap Divid | Reduce -1.4% | 0.23% | −0.01 |
| DFAT Dimensional US Target Value | Reduce -0.4% | 0.33% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -1.4% | 0.23% | −0.01 |
| TT Trane Technologies PLC | Reduce -17.7% | 0.03% | −0.01 |
| CINF Cincinnati Financial Corp. | Reduce -6.5% | 0.13% | −0.01 |
| VTIP Vanguard Short-Term Tips | Reduce -1.1% | 0.12% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -9.4% | 0.03% | −0.01 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.01 |
| DOCU Docusign Inc. | Reduce -38.8% | 0.01% | −0.01 |
| CVX Chevron Corp. | Reduce -8.5% | 0.05% | −0.01 |
| ABT Abbott Laboratories | Reduce -1.9% | 0.06% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.1% | 0.18% | −0.01 |
| BOX Box Inc. Class A | Sold out | 0.00% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -6.5% | 0.06% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -0.7% | 0.22% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.01 |
| PAYX Paychex Inc. | Reduce -1.2% | 0.04% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.6% | 0.13% | −0.01 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.01 |
| DFAW Dimensional World Eqty ETF | Sold out | 0.00% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -4.8% | 0.06% | −0.01 |
| TSLA Tesla Inc. | Reduce -5.0% | 0.06% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Add +14.6% | 3.25% | +0.30 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.24% | +0.24 |
| FBND Fidelity Total Bond ETF | Add +34.3% | 0.97% | +0.20 |
| VEA Vanguard Ftse Developed ETF | Add +73.5% | 0.43% | +0.18 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +306.4% | 0.20% | +0.15 |
| IJH iShares Core S&P Midcap ETF | Add +134.3% | 0.26% | +0.14 |
| SUSA iShares ESG Optimized MSCI U | Add +511.6% | 0.17% | +0.14 |
| NVDA Nvidia Corp. | Add +103.2% | 0.27% | +0.13 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +6.1% | 9.86% | +0.11 |
| IEFA iShares Core MSCI Eafe ETF | Add +9.1% | 2.35% | +0.11 |
| IVV iShares Core S&P 500 ETF | Add +4.9% | 12.36% | +0.11 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | New | 0.11% | +0.11 |
| ADBE Adobe Inc. | Add +333.6% | 0.12% | +0.09 |
| EFA iShares MSCI Eafe ETF | Add +70.1% | 0.23% | +0.09 |
| VONV Vanguard Russell 1000 Value | Add +79.9% | 0.19% | +0.08 |
| SHY iShares 1-3 Year Treasury Bo | Add +373.7% | 0.10% | +0.08 |
| CRM Salesforce Inc. | Add +180.2% | 0.09% | +0.06 |
| ESML iShares ESG Aware MSCI USA S | New | 0.05% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +18.2% | 0.56% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.9% | 0.99% | +0.05 |
| VOTE TCW Transform 500 ETF | Add +23.9% | 0.30% | +0.05 |
| HYMB SS SPDR N Ice HY Muni ETF | New | 0.04% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +17.7% | 0.39% | +0.04 |
| CSCO Cisco Systems Inc. | Add +92.1% | 0.08% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +25.3% | 0.22% | +0.04 |
| DGRO iShares Core Dividend Growth | Add +127.9% | 0.06% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +26.3% | 0.22% | +0.03 |
| EAGG iShares ESG Aware US Aggrega | Add +90.2% | 0.06% | +0.03 |
| BN Brookfield Corp. | New | 0.03% | +0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +303.6% | 0.03% | +0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +100.4% | 0.05% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | New | 0.02% | +0.02 |
| IONQ Ionq Inc. | New | 0.02% | +0.02 |
| SDG Ish MSCI Glob Sust Deve Goal | Add +86.4% | 0.05% | +0.02 |
| BBHL BBH Select Large Cap ETF | New | 0.02% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +8.3% | 0.60% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +72.6% | 0.05% | +0.02 |
| AVGO Broadcom Inc. | Add +18.4% | 0.12% | +0.02 |
| DFNM Dimensional National Muni BD | Add +9.0% | 0.55% | +0.02 |
| ACLX Arcellx Inc. | New | 0.01% | +0.01 |
| SCHP Schwab U.S. Tips ETF | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +59.1% | 0.03% | +0.01 |
| PCH Potlatchdeltic Corp. | New | 0.01% | +0.01 |
| SPSB SS SPDR P St C Corp. ETF | New | 0.01% | +0.01 |
| TOTL SS Doubleline TR Tact ETF | New | 0.01% | +0.01 |
| RY Royal Bank of Canada | Add +0.7% | 0.14% | +0.01 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | Add +30.3% | 0.05% | +0.01 |
| SO The Southern Co. | New | 0.01% | +0.01 |
| VTWO Vanguard Russell 2000 ETF | New | 0.01% | +0.01 |
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 |