Ballentine Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Ballentine Partners, LLC reported 910 stock positions worth $5.8 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 27.9% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 7.9%) and iShares Core S&P Total U.S. (ITOT, 7.6%). Compared with Q4 2024, it opened 119 new positions, sold out of 99, added to 474 and reduced 264. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +1%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Waltham, MA
- CIK
- 0001374889
- Portfolio Value
- $5.8B (Q1 2025)
- SEC Filing
- 0001172661-25-001551 ↗ filed May 1, 2025
Holdings Value
Holdings 910 stocks · $5.8B
| VTI VG Morningstar TS MKT ETF-US | 27.90% | 5,856,519 | $1.6B | Reduce -0.6% |
| IEFA iShares Core MSCI Eafe ETF | 7.93% | 6,046,783 | $457.4M | Add +1.3% |
| ITOT iShares Core S&P Total U.S. | 7.60% | 3,593,372 | $438.4M | Add +2.2% |
| VEA Vanguard Ftse Developed ETF | 3.91% | 4,437,300 | $225.5M | Add +1.0% |
| IEMG iShares Core MSCI Emerging | 3.90% | 4,165,305 | $224.8M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 3.62% | 371,779 | $208.9M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.18% | 225,204 | $126.0M | Add +1.8% |
| VNQ Vanguard Real Estate ETF | 2.04% | 1,301,799 | $117.9M | Add +8.8% |
| VWO Vanguard Ftse Emerging Marke | 2.03% | 2,591,451 | $117.3M | Reduce -0.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.74% | 390,305 | $100.3M | Reduce -0.3% |
| AAPL Apple Inc. | 1.42% | 369,266 | $82.0M | Add +4.6% |
| MSFT Microsoft Corp. | 1.21% | 186,266 | $69.9M | Reduce -0.0% |
| IWB iShares Russell 1000 ETF | 1.19% | 223,455 | $68.5M | Reduce -0.7% |
| SCHB Schwab US Broad Market ETF | 1.15% | 3,085,903 | $66.4M | Reduce -1.2% |
| IJH iShares Core S&P Midcap ETF | 1.15% | 1,133,905 | $66.2M | Reduce -0.9% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.00% | 1,427,084 | $57.7M | Add +8.9% |
| IWV iShares Russell 3000 ETF | 0.91% | 165,631 | $52.6M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 0.90% | 101,518 | $52.2M | Reduce -1.2% |
| NVDA Nvidia Corp. | 0.88% | 469,741 | $50.9M | Add +3.8% |
| VGK Vanguard Ftse Europe ETF | 0.66% | 545,560 | $38.3M | Reduce -7.2% |
| VIG Vanguard Dividend Apprec ETF | 0.66% | 197,236 | $38.3M | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 0.64% | 350,447 | $36.6M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.60% | 59,906 | $34.5M | Add +2.9% |
| AMZN Amazon.com Inc. | 0.58% | 174,529 | $33.2M | Add +3.1% |
| EFA iShares MSCI Eafe ETF | 0.56% | 395,288 | $32.3M | Add +2.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.55% | 871,165 | $31.7M | Reduce -7.3% |
| SCZ iShares MSCI Eafe Small-Cap | 0.46% | 417,390 | $26.5M | Reduce -3.6% |
| VPL Vanguard Ftse Pacific ETF | 0.42% | 335,746 | $24.3M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.39% | 92,461 | $22.7M | Add +1.9% |
| GOOGL Alphabet Inc. Class A | 0.39% | 145,165 | $22.4M | Reduce -4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 40,615 | $21.6M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.36% | 56,955 | $20.6M | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.34% | 708,813 | $19.5M | Reduce -0.9% |
| SPEM State Street SP PTF Em ETF | 0.33% | 490,729 | $19.3M | Reduce -3.4% |
| JUST Goldman Sachs Just US LRG | 0.32% | 233,761 | $18.6M | Add +9.3% |
| GOOG Alphabet Inc. Class C | 0.30% | 110,153 | $17.2M | Add +2.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.29% | 65,088 | $16.8M | Add +0.1% |
| IGF iShares Global Infrastructur | 0.27% | 289,122 | $15.8M | Reduce -1.8% |
| AVGO Broadcom Inc. | 0.26% | 89,250 | $14.9M | Add +8.5% |
| LLY Eli Lilly & Co. | 0.26% | 17,953 | $14.8M | Add +4.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 31,260 | $14.7M | Reduce -20.2% |
| IEUR iShares Core MSCI Europe ETF | 0.25% | 238,865 | $14.4M | Reduce -0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.23% | 219,793 | $13.3M | Reduce -0.1% |
| V Visa Inc. Class A | 0.23% | 38,036 | $13.3M | Add +1.9% |
| XLRE SS Real Estate Select Sector | 0.23% | 311,752 | $13.0M | Add +4.5% |
| VXF Vanguard Extended Market ETF | 0.22% | 74,501 | $12.8M | Add +2.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 54,966 | $12.2M | Add +48.5% |
| MA Mastercard Inc. Class A | 0.20% | 20,877 | $11.4M | Add +3.3% |
| PG The Procter & Gamble Co. | 0.18% | 62,088 | $10.6M | Add +1.7% |
| HD Home Depot Inc. | 0.18% | 27,800 | $10.2M | Add +8.0% |
| JNJ Johnson & Johnson | 0.17% | 59,040 | $9.8M | Add +2.0% |
| GLD SPDR Gold Shares | 0.16% | 32,546 | $9.4M | Reduce -3.4% |
| IAU iShares Gold Trust | 0.16% | 158,942 | $9.4M | Add +13.6% |
| COST Costco Wholesale Corp. | 0.16% | 9,747 | $9.2M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 0.16% | 17,550 | $9.2M | Add +2.6% |
| EWJ iShares MSCI Japan ETF | 0.15% | 130,212 | $8.9M | Reduce -3.4% |
| MU Micron Technology Inc. | 0.15% | 102,291 | $8.9M | Reduce -17.1% |
| ABBV Abbvie Inc. | 0.15% | 42,336 | $8.9M | Add +12.6% |
| MCK McKesson Corp. | 0.14% | 11,769 | $7.9M | Add +2.4% |
| XOM Exxon Mobil Corp. | 0.14% | 66,043 | $7.9M | Add +7.6% |
| TSLA Tesla Inc. | 0.14% | 30,283 | $7.8M | Reduce -19.1% |
| WMT Walmart Inc. | 0.13% | 87,586 | $7.7M | Add +8.4% |
| ICF iShares Select U.S. REIT ETF | 0.13% | 119,914 | $7.4M | Reduce -8.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 42,769 | $7.1M | Add +22.9% |
| ADP Automatic Data Processing | 0.12% | 23,226 | $7.1M | Add +8.5% |
| IWM iShares Russell 2000 ETF | 0.12% | 33,800 | $6.7M | Add +1.0% |
| ABT Abbott Laboratories | 0.12% | 50,727 | $6.7M | Add +16.5% |
| BND Vanguard Total Bond Market | 0.12% | 91,325 | $6.7M | Add +46.9% |
| NFLX Netflix Inc. | 0.12% | 7,152 | $6.7M | Add +7.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 8 | $6.4M | No change |
| MS Morgan Stanley | 0.11% | 54,253 | $6.3M | Add +2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 151,339 | $6.3M | Add +3.4% |
| CVX Chevron Corp. | 0.11% | 36,398 | $6.1M | Add +7.4% |
| MCO Moody's Corp. | 0.10% | 13,003 | $6.1M | Add +9.8% |
| KO The Coca-Cola Co. | 0.10% | 83,325 | $6.0M | Add +1.6% |
| IWD iShares Russell 1000 Value E | 0.10% | 31,627 | $6.0M | Add +3.5% |
| ACN Accenture PLC Class A | 0.10% | 18,880 | $5.9M | Add +10.7% |
| MCD McDonald's Corp. | 0.10% | 18,216 | $5.7M | Add +5.9% |
| CRM Salesforce Inc. | 0.10% | 20,611 | $5.5M | Add +4.3% |
| MRK Merck & Co. Inc. | 0.09% | 60,496 | $5.4M | Reduce -4.7% |
| EEM iShares MSCI Emerging Market | 0.09% | 122,702 | $5.4M | Reduce -2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 31,015 | $5.4M | Add +7.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.09% | 66,081 | $5.2M | Reduce -3.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 20,602 | $5.1M | Add +2.4% |
| AXP American Express Co. | 0.09% | 19,020 | $5.1M | Reduce -0.4% |
| HON Honeywell International Inc. | 0.09% | 23,902 | $5.1M | Add +1.3% |
| ORCL Oracle Corp. | 0.08% | 33,757 | $4.7M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.08% | 75,801 | $4.7M | Add +2.1% |
| JSTC Adasina Social Justice GLB | 0.08% | 253,443 | $4.6M | Add +1509.7% |
| GDIV Harbor Dividend Growth Leade | 0.08% | 312,835 | $4.6M | New |
| RBLX Roblox Corp. Class A | 0.08% | 77,513 | $4.5M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 0.08% | 8,209 | $4.5M | Add +0.3% |
| ACWI iShares MSCI Acwi ETF | 0.08% | 37,838 | $4.4M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.08% | 79,395 | $4.4M | No change |
| AMGN Amgen Inc. | 0.08% | 14,049 | $4.4M | Reduce -0.3% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 21,021 | $4.2M | Reduce -3.5% |
| XLK SS Technology Select Sector | 0.07% | 20,256 | $4.2M | No change |
| BERY Berry Global Group Inc. | 0.07% | 59,189 | $4.1M | Add +0.1% |
| PEP Pepsico Inc. | 0.07% | 27,477 | $4.1M | Reduce -3.8% |
| TXN Texas Instruments Inc. | 0.07% | 22,612 | $4.1M | Reduce -0.4% |
Portfolio Sells Q4 2024 → Q1 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.6% | 27.90% | −1.36 |
| MSFT Microsoft Corp. | Reduce -0.0% | 1.21% | −0.13 |
| IVV iShares Core S&P 500 ETF | Reduce -0.1% | 3.62% | −0.13 |
| TSLA Tesla Inc. | Reduce -19.1% | 0.14% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 0.39% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -20.2% | 0.25% | −0.09 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.9% | 1.15% | −0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.3% | 1.74% | −0.07 |
| FORR Forrester Research Inc. | Sold out | 0.00% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -1.2% | 1.15% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.6% | 0.64% | −0.06 |
| IWB iShares Russell 1000 ETF | Reduce -0.7% | 1.19% | −0.05 |
| IWV iShares Russell 3000 ETF | Reduce -1.7% | 0.91% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 0.90% | −0.04 |
| IUSV iShares Core S&P U.S. Value | Sold out | 0.00% | −0.03 |
| PTC PTC Inc. | Reduce -43.3% | 0.02% | −0.02 |
| MU Micron Technology Inc. | Reduce -17.1% | 0.15% | −0.02 |
| FDX FedEx Corp. | Reduce -22.0% | 0.05% | −0.02 |
| IUSG iShares Core S&P U.S. Growth | Sold out | 0.00% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -61.9% | 0.01% | −0.02 |
| VBND Vident US Bond Strat ETF | Sold out | 0.00% | −0.02 |
| JMOM JPMorgan US Momentum Factor | Sold out | 0.00% | −0.02 |
| IPAC iShares Core MSCI Pacific Et | Sold out | 0.00% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -4.7% | 0.09% | −0.01 |
| BX Blackstone Inc. | Reduce -7.1% | 0.04% | −0.01 |
| OC Owens Corning | Reduce -68.0% | 0.00% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -13.5% | 0.07% | −0.01 |
| DOW Dow Inc. | Reduce -40.7% | 0.01% | −0.01 |
| AMD Advanced Micro Devices | Reduce -5.5% | 0.05% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.01 |
| BLK BlackRock Inc. | Reduce -11.3% | 0.05% | −0.01 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -28.3% | 0.02% | −0.01 |
| TGT Target Corp. | Reduce -24.2% | 0.02% | −0.01 |
| ADSK Autodesk Inc. | Reduce -23.8% | 0.02% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -3.5% | 0.04% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -60.9% | 0.01% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -21.8% | 0.03% | −0.01 |
| AXP American Express Co. | Reduce -0.4% | 0.09% | −0.01 |
| ITW Illinois Tool Works | Reduce -15.1% | 0.04% | −0.01 |
| VGIT Vanguard Intermediate-Term T | Reduce -19.0% | 0.04% | −0.01 |
| HPE Hewlett Packard Enterprise | Reduce -10.3% | 0.02% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -20.4% | 0.02% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -39.3% | 0.01% | −0.01 |
| NKE Nike Inc. Class B | Reduce -11.2% | 0.02% | −0.01 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.01 |
| DHR Danaher Corp. | Reduce -2.2% | 0.06% | −0.01 |
| ICF iShares Select U.S. REIT ETF | Reduce -8.6% | 0.13% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.01 |
| AZTA Azenta Inc. | Reduce -15.1% | 0.01% | −0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IEFA iShares Core MSCI Eafe ETF | Add +1.3% | 7.93% | +0.74 |
| VEA Vanguard Ftse Developed ETF | Add +1.0% | 3.91% | +0.31 |
| VNQ Vanguard Real Estate ETF | Add +8.8% | 2.04% | +0.22 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +8.9% | 1.00% | +0.11 |
| GDIV Harbor Dividend Growth Leade | New | 0.08% | +0.08 |
| JSTC Adasina Social Justice GLB | Add +1509.7% | 0.08% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +2.6% | 0.56% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +48.5% | 0.21% | +0.06 |
| AFRM Affirm Holdings Inc. | Add +1768.4% | 0.06% | +0.06 |
| IAU iShares Gold Trust | Add +13.6% | 0.16% | +0.04 |
| BND Vanguard Total Bond Market | Add +46.9% | 0.12% | +0.04 |
| ABBV Abbvie Inc. | Add +12.6% | 0.15% | +0.04 |
| ABT Abbott Laboratories | Add +16.5% | 0.12% | +0.03 |
| PFF iShares Preferred & Income S | Add +420.8% | 0.04% | +0.03 |
| V Visa Inc. Class A | Add +1.9% | 0.23% | +0.03 |
| LLY Eli Lilly & Co. | Add +4.0% | 0.26% | +0.03 |
| JNJ Johnson & Johnson | Add +2.0% | 0.17% | +0.03 |
| MCK McKesson Corp. | Add +2.4% | 0.14% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +7.6% | 0.14% | +0.02 |
| CVX Chevron Corp. | Add +7.4% | 0.11% | +0.02 |
| XLF SS Financial Select Sector | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +1.9% | 0.39% | +0.02 |
| XLRE SS Real Estate Select Sector | Add +4.5% | 0.23% | +0.02 |
| JUST Goldman Sachs Just US LRG | Add +9.3% | 0.32% | +0.02 |
| NVS Novartis AG-Sponsored ADR | Add +33.2% | 0.05% | +0.02 |
| XYL Xylem Inc. | Add +89.4% | 0.04% | +0.02 |
| BBJP JPMorgan Betabuilders Japan | New | 0.02% | +0.02 |
| KO The Coca-Cola Co. | Add +1.6% | 0.10% | +0.02 |
| MA Mastercard Inc. Class A | Add +3.3% | 0.20% | +0.02 |
| PM Philip Morris International | Add +8.6% | 0.05% | +0.02 |
| ADP Automatic Data Processing | Add +8.5% | 0.12% | +0.02 |
| META Meta Platforms Inc. Class A | Add +2.9% | 0.60% | +0.01 |
| CI The Cigna Group | Add +21.0% | 0.05% | +0.01 |
| NFLX Netflix Inc. | Add +7.8% | 0.12% | +0.01 |
| VZ Verizon Communications Inc. | Add +15.8% | 0.06% | +0.01 |
| HIG Hartford Insurance Group Inc. | Add +12.2% | 0.06% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Add +5.5% | 0.03% | +0.01 |
| T AT&T Inc. | Add +10.0% | 0.05% | +0.01 |
| MCD McDonald's Corp. | Add +5.9% | 0.10% | +0.01 |
| IBM Intl Business Machines Corp. | Add +2.4% | 0.09% | +0.01 |
| BBCA JPMorgan Betabuilders Canada | New | 0.01% | +0.01 |
| DE Deere & Co. | Add +14.2% | 0.06% | +0.01 |
| SNY Sanofi-ADR | Add +68.7% | 0.03% | +0.01 |
| AWK American Water Works Co. Inc. | Add +10.8% | 0.05% | +0.01 |
| SONY Sony Group Corp. - SP ADR | Add +18.4% | 0.04% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +2.6% | 0.16% | +0.01 |
| WELL Welltower Inc. | Add +50.7% | 0.02% | +0.01 |
| GILD Gilead Sciences Inc. | Add +7.0% | 0.05% | +0.01 |
| INTC Intel Corp. | Add +71.8% | 0.02% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,078 | $8.2B | VTI, IEFA, ITOT, IEMG, VEA |
| Q1 2026 | 1,014 | $7.2B | VTI, IEFA, ITOT, VEA, IEMG |
| Q4 2025 | 1,009 | $7.1B | VTI, IEFA, ITOT, VEA, IEMG |
| Q3 2025 | 1,016 | $7.2B | VTI, IEFA, ITOT, VEA, IEMG |
| Q2 2025 | 986 | $6.6B | VTI, IEFA, ITOT, VEA, IEMG |
| Q1 2025 | 910 | $5.8B | VTI, IEFA, ITOT, VEA, IEMG |
| Q4 2024 | 890 | $5.8B | VTI, ITOT, IEFA, IVV, IEMG |
| Q3 2024 | 846 | $5.8B | VTI, IEFA, ITOT, IEMG, VEA |
| Q2 2024 | 753 | $5.4B | VTI, IEFA, ITOT, IEMG, IVV |
| Q1 2024 | 739 | $5.3B | VTI, IEFA, ITOT, IEMG, VEA |