Ballentine Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Ballentine Partners, LLC reported 986 stock positions worth $6.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 27.4% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 8.0%) and iShares Core S&P Total U.S. (ITOT, 7.1%). Compared with Q1 2025, it opened 172 new positions, sold out of 96, added to 463 and reduced 303. The biggest buy was iShares Global Infrastructur (IGF, shares +695%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Waltham, MA
- CIK
- 0001374889
- Portfolio Value
- $6.6B (Q2 2025)
- SEC Filing
- 0001172661-25-002596 ↗ filed Jul 15, 2025
Holdings Value
Holdings 986 stocks · $6.6B
| VTI VG Morningstar TS MKT ETF-US | 27.36% | 5,974,816 | $1.8B | Add +2.0% |
| IEFA iShares Core MSCI Eafe ETF | 8.01% | 6,366,275 | $531.5M | Add +5.3% |
| ITOT iShares Core S&P Total U.S. | 7.08% | 3,479,204 | $469.8M | Reduce -3.2% |
| VEA Vanguard Ftse Developed ETF | 4.10% | 4,770,360 | $272.0M | Add +7.5% |
| IEMG iShares Core MSCI Emerging | 3.76% | 4,156,961 | $249.5M | Reduce -0.2% |
| IVV iShares Core S&P 500 ETF | 3.44% | 368,147 | $228.6M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.13% | 228,310 | $141.1M | Add +1.4% |
| IGF iShares Global Infrastructur | 2.05% | 2,299,155 | $136.1M | Add +695.2% |
| VWO Vanguard Ftse Emerging Marke | 2.04% | 2,732,837 | $135.2M | Add +5.5% |
| VNQ Vanguard Real Estate ETF | 1.85% | 1,378,736 | $122.8M | Add +5.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.68% | 390,493 | $111.4M | Add +0.1% |
| MSFT Microsoft Corp. | 1.45% | 193,278 | $96.1M | Add +3.8% |
| SCHB Schwab US Broad Market ETF | 1.17% | 3,272,279 | $78.0M | Add +6.0% |
| AAPL Apple Inc. | 1.14% | 367,807 | $75.5M | Reduce -0.4% |
| NVDA Nvidia Corp. | 1.11% | 467,323 | $73.8M | Reduce -0.5% |
| IWB iShares Russell 1000 ETF | 1.10% | 215,316 | $73.1M | Reduce -3.6% |
| IJH iShares Core S&P Midcap ETF | 1.09% | 1,168,387 | $72.5M | Add +3.0% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.00% | 1,438,720 | $66.4M | Add +0.8% |
| VOO Vanguard S&P 500 ETF | 0.93% | 108,216 | $61.5M | Add +6.6% |
| IWV iShares Russell 3000 ETF | 0.88% | 166,886 | $58.6M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.67% | 60,177 | $44.4M | Add +0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 201,991 | $41.3M | Add +2.4% |
| AMZN Amazon.com Inc. | 0.62% | 188,167 | $41.3M | Add +7.8% |
| VGK Vanguard Ftse Europe ETF | 0.62% | 531,525 | $41.2M | Reduce -2.6% |
| IJR iShares Core S&P Small-Cap E | 0.58% | 352,984 | $38.6M | Add +0.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.54% | 885,540 | $35.9M | Add +1.6% |
| EFA iShares MSCI Eafe ETF | 0.54% | 398,138 | $35.6M | Add +0.7% |
| SCZ iShares MSCI Eafe Small-Cap | 0.44% | 402,920 | $29.3M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 0.42% | 96,671 | $28.0M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 0.42% | 156,879 | $27.6M | Add +8.1% |
| VPL Vanguard Ftse Pacific ETF | 0.41% | 331,882 | $27.3M | Reduce -1.1% |
| AVGO Broadcom Inc. | 0.41% | 98,109 | $27.0M | Add +9.9% |
| IWF iShares Russell 1000 Growth | 0.36% | 56,811 | $24.1M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 46,414 | $22.5M | Add +14.3% |
| JUST Goldman Sachs Just US LRG | 0.34% | 253,481 | $22.3M | Add +8.4% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.32% | 709,215 | $21.4M | Add +0.1% |
| SPEM State Street SP PTF Em ETF | 0.31% | 486,126 | $20.8M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.30% | 112,858 | $20.0M | Add +2.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 65,661 | $18.4M | Add +0.9% |
| XLRE SS Real Estate Select Sector | 0.25% | 392,826 | $16.3M | Add +26.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 28,865 | $15.9M | Reduce -7.7% |
| IEUR iShares Core MSCI Europe ETF | 0.24% | 236,674 | $15.7M | Reduce -0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.23% | 228,079 | $15.3M | Add +3.8% |
| V Visa Inc. Class A | 0.22% | 40,275 | $14.3M | Add +5.9% |
| TSLA Tesla Inc. | 0.21% | 44,359 | $14.1M | Add +46.5% |
| LLY Eli Lilly & Co. | 0.21% | 17,584 | $13.7M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 0.20% | 23,719 | $13.3M | Add +13.6% |
| MU Micron Technology Inc. | 0.19% | 101,614 | $12.5M | Reduce -0.7% |
| GLD SPDR Gold Shares | 0.19% | 41,067 | $12.5M | Add +26.2% |
| VXF Vanguard Extended Market ETF | 0.18% | 61,360 | $11.8M | Reduce -17.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.17% | 46,768 | $11.1M | Reduce -14.9% |
| CTVA Corteva Inc. | 0.16% | 139,340 | $10.4M | Add +656.0% |
| HD Home Depot Inc. | 0.15% | 27,756 | $10.2M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.15% | 10,046 | $9.9M | Add +3.1% |
| IAU iShares Gold Trust | 0.15% | 158,942 | $9.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 40,676 | $9.2M | Reduce -4.9% |
| NFLX Netflix Inc. | 0.14% | 6,804 | $9.1M | Reduce -4.9% |
| EWJ iShares MSCI Japan ETF | 0.14% | 120,506 | $9.0M | Reduce -7.5% |
| MCK McKesson Corp. | 0.13% | 12,131 | $8.9M | Add +3.1% |
| PG The Procter & Gamble Co. | 0.13% | 55,720 | $8.9M | Reduce -10.3% |
| RBLX Roblox Corp. Class A | 0.13% | 78,965 | $8.3M | Add +1.9% |
| MS Morgan Stanley | 0.12% | 58,250 | $8.2M | Add +7.4% |
| WMT Walmart Inc. | 0.12% | 82,766 | $8.1M | Reduce -5.5% |
| JNJ Johnson & Johnson | 0.12% | 51,727 | $7.9M | Reduce -12.4% |
| ABBV Abbvie Inc. | 0.11% | 40,969 | $7.6M | Reduce -3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 155,875 | $7.4M | Add +3.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.11% | 41,679 | $7.4M | Add +34.4% |
| ICF iShares Select U.S. REIT ETF | 0.11% | 120,367 | $7.4M | Add +0.4% |
| ABT Abbott Laboratories | 0.11% | 53,498 | $7.3M | Add +5.5% |
| IWM iShares Russell 2000 ETF | 0.11% | 32,611 | $7.0M | Reduce -3.5% |
| AXP American Express Co. | 0.11% | 22,051 | $7.0M | Add +15.9% |
| ORCL Oracle Corp. | 0.11% | 31,934 | $7.0M | Reduce -5.4% |
| BND Vanguard Total Bond Market | 0.10% | 92,524 | $6.8M | Add +1.3% |
| ADP Automatic Data Processing | 0.10% | 21,717 | $6.7M | Reduce -6.5% |
| CRM Salesforce Inc. | 0.10% | 23,394 | $6.4M | Add +13.5% |
| GS Goldman Sachs Group Inc. | 0.10% | 8,968 | $6.3M | Add +9.3% |
| XOM Exxon Mobil Corp. | 0.10% | 58,856 | $6.3M | Reduce -10.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 20,622 | $6.1M | Add +0.1% |
| MCO Moody's Corp. | 0.09% | 11,858 | $5.9M | Reduce -8.8% |
| EEM iShares MSCI Emerging Market | 0.09% | 123,257 | $5.9M | Add +0.5% |
| KO The Coca-Cola Co. | 0.09% | 83,840 | $5.9M | Add +0.6% |
| IWD iShares Russell 1000 Value E | 0.09% | 29,731 | $5.8M | Reduce -6.0% |
| CSCO Cisco Systems Inc. | 0.09% | 82,496 | $5.7M | Add +8.8% |
| HON Honeywell International Inc. | 0.09% | 24,265 | $5.7M | Add +1.5% |
| ACN Accenture PLC Class A | 0.08% | 18,661 | $5.6M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.08% | 18,883 | $5.5M | Add +3.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.08% | 66,312 | $5.3M | Add +0.3% |
| GE General Electric filed as GE AEROSPACE | 0.08% | 20,741 | $5.3M | Reduce -1.3% |
| AFRM Affirm Holdings Inc. | 0.08% | 76,022 | $5.3M | Reduce -0.3% |
| LRCX Lam Research Corp. | 0.08% | 52,764 | $5.1M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.08% | 16,249 | $5.1M | Reduce -7.4% |
| CVX Chevron Corp. | 0.07% | 34,614 | $5.0M | Reduce -4.9% |
| ACWI iShares MSCI Acwi ETF | 0.07% | 37,838 | $4.9M | No change |
| GDIV Harbor Dividend Growth Leade | 0.07% | 312,835 | $4.8M | No change |
| QCOM Qualcomm Inc. | 0.07% | 29,278 | $4.7M | Add +11.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.07% | 76,071 | $4.6M | Reduce -4.2% |
| JSTC Adasina Social Justice GLB | 0.07% | 233,643 | $4.6M | Reduce -7.8% |
| AMD Advanced Micro Devices | 0.07% | 32,377 | $4.6M | Add +11.0% |
| DD Dupont DE Nemours Inc. | 0.07% | 66,225 | $4.5M | Add +194.1% |
| TXN Texas Instruments Inc. | 0.07% | 21,645 | $4.5M | Reduce -4.3% |
Portfolio Sells Q1 2025 → Q2 2025
| ITOT iShares Core S&P Total U.S. | Reduce -3.2% | 7.08% | −0.52 |
| AAPL Apple Inc. | Reduce -0.4% | 1.14% | −0.28 |
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 3.44% | −0.18 |
| IEMG iShares Core MSCI Emerging | Reduce -0.2% | 3.76% | −0.14 |
| IWB iShares Russell 1000 ETF | Reduce -3.6% | 1.10% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -7.4% | 0.08% | −0.08 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -37.5% | 0.05% | −0.06 |
| JNJ Johnson & Johnson | Reduce -12.4% | 0.12% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 0.21% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -10.3% | 0.13% | −0.05 |
| VXF Vanguard Extended Market ETF | Reduce -17.6% | 0.18% | −0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -14.9% | 0.17% | −0.04 |
| VGK Vanguard Ftse Europe ETF | Reduce -2.6% | 0.62% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -10.9% | 0.10% | −0.04 |
| ABBV Abbvie Inc. | Reduce -3.2% | 0.11% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -19.5% | 0.06% | −0.04 |
| CVX Chevron Corp. | Reduce -4.9% | 0.07% | −0.03 |
| AMGN Amgen Inc. | Reduce -17.4% | 0.05% | −0.03 |
| PEP Pepsico Inc. | Reduce -15.0% | 0.05% | −0.03 |
| HD Home Depot Inc. | Reduce -0.2% | 0.15% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -30.5% | 0.03% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.5% | 0.04% | −0.02 |
| ADP Automatic Data Processing | Reduce -6.5% | 0.10% | −0.02 |
| SPEM State Street SP PTF Em ETF | Reduce -0.9% | 0.31% | −0.02 |
| COP Conocophillips | Reduce -45.8% | 0.01% | −0.02 |
| EWJ iShares MSCI Japan ETF | Reduce -7.5% | 0.14% | −0.02 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -3.5% | 0.44% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -35.9% | 0.03% | −0.02 |
| OMC Omnicom Group | Reduce -56.3% | 0.01% | −0.02 |
| ACN Accenture PLC Class A | Reduce -1.2% | 0.08% | −0.02 |
| PLD Prologis Inc. | Reduce -44.3% | 0.01% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.3% | 0.03% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -6.0% | 0.09% | −0.02 |
| ITW Illinois Tool Works | Reduce -26.1% | 0.03% | −0.02 |
| DE Deere & Co. | Reduce -22.9% | 0.04% | −0.02 |
| ALL Allstate Corp. | Reduce -12.3% | 0.04% | −0.02 |
| MCO Moody's Corp. | Reduce -8.8% | 0.09% | −0.02 |
| SYK Stryker Corp. | Reduce -22.1% | 0.04% | −0.02 |
| CB Chubb Ltd. | Reduce -19.4% | 0.03% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.7% | 0.24% | −0.01 |
| UNP Union Pacific Corp. | Reduce -5.0% | 0.06% | −0.01 |
| HPQ HP Inc. | Reduce -22.1% | 0.02% | −0.01 |
| IEUR iShares Core MSCI Europe ETF | Reduce -0.9% | 0.24% | −0.01 |
| XLK SS Technology Select Sector | Reduce -22.7% | 0.06% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -7.0% | 0.04% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -4.8% | 0.05% | −0.01 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.01 |
| FDX FedEx Corp. | Reduce -6.8% | 0.04% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -17.9% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IGF iShares Global Infrastructur | Add +695.2% | 2.05% | +1.78 |
| MSFT Microsoft Corp. | Add +3.8% | 1.45% | +0.24 |
| VEA Vanguard Ftse Developed ETF | Add +7.5% | 4.10% | +0.19 |
| AVGO Broadcom Inc. | Add +9.9% | 0.41% | +0.15 |
| CTVA Corteva Inc. | Add +656.0% | 0.16% | +0.14 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.3% | 8.01% | +0.08 |
| TSLA Tesla Inc. | Add +46.5% | 0.21% | +0.08 |
| META Meta Platforms Inc. Class A | Add +0.5% | 0.67% | +0.07 |
| AMCR Amcor PLC | New | 0.06% | +0.06 |
| RBLX Roblox Corp. Class A | Add +1.9% | 0.13% | +0.05 |
| AMZN Amazon.com Inc. | Add +7.8% | 0.62% | +0.05 |
| DD Dupont DE Nemours Inc. | Add +194.1% | 0.07% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 0.42% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +8.1% | 0.42% | +0.03 |
| GLD SPDR Gold Shares | Add +26.2% | 0.19% | +0.03 |
| SCHB Schwab US Broad Market ETF | Add +6.0% | 1.17% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +6.6% | 0.93% | +0.02 |
| OKTA Okta Inc. | Add +521.6% | 0.02% | +0.02 |
| DOW Dow Inc. | Add +274.1% | 0.03% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +15.4% | 0.05% | +0.02 |
| XLRE SS Real Estate Select Sector | Add +26.0% | 0.25% | +0.02 |
| COF Capital One Financial Corp. | Add +112.6% | 0.03% | +0.02 |
| SHOP Shopify Inc. Class A | Add +229.5% | 0.03% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +34.4% | 0.11% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +9.3% | 0.10% | +0.02 |
| RWX State Street SPDR Dow Jones | Add +95.6% | 0.04% | +0.02 |
| AMD Advanced Micro Devices | Add +11.0% | 0.07% | +0.02 |
| AXP American Express Co. | Add +15.9% | 0.11% | +0.02 |
| APH Amphenol Corp. Class A | Add +19.6% | 0.05% | +0.02 |
| RDY Dr. Reddy's Laboratories-ADR | Add +93.3% | 0.03% | +0.02 |
| INTU Intuit Inc. | Add +17.4% | 0.06% | +0.01 |
| COIN Coinbase Global Inc. Class A | Add +34.7% | 0.02% | +0.01 |
| MS Morgan Stanley | Add +7.4% | 0.12% | +0.01 |
| NET Cloudflare Inc. Class A | Add +79.6% | 0.02% | +0.01 |
| JUST Goldman Sachs Just US LRG | Add +8.4% | 0.34% | +0.01 |
| DFIV Dimensional International Va | Add +148.7% | 0.02% | +0.01 |
| IBKR Interactive Brokers Gro Class A | New | 0.01% | +0.01 |
| ILMN Illumina Inc. | Add +311.3% | 0.02% | +0.01 |
| TT Trane Technologies PLC | Add +46.9% | 0.03% | +0.01 |
| WF Woori Financial-Spon ADR | Add +23.5% | 0.03% | +0.01 |
| HUBS HubSpot Inc. | Add +251.0% | 0.02% | +0.01 |
| KB KB Financial Group Inc.-ADR | Add +16.0% | 0.03% | +0.01 |
| LTC LTC Properties Inc. | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | Add +9.3% | 0.05% | +0.01 |
| RNW Renew Energy Global PLC-A | Add +363.3% | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +8.7% | 0.06% | +0.01 |
| AMAT Applied Materials Inc. | Add +14.2% | 0.05% | +0.01 |
| NVT Nvent Electric PLC | New | 0.01% | +0.01 |
| MAR Marriott International Class A | Add +38.4% | 0.03% | +0.01 |
| UBER Uber Technologies Inc. | Add +13.7% | 0.04% | +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 |