Brio Consultants, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Brio Consultants, LLC reported 137 stock positions worth $726.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.0% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 9.7%) and Vanguard Total Bond Market (BND, 8.5%). Compared with Q2 2025, it opened 9 new positions, sold out of 6, added to 69 and reduced 54. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +2%) and the biggest sale iShares Russell 2500 ETF (SMMD, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001747799
- Portfolio Value
- $726.8M (Q3 2025)
- SEC Filing
- 0001765380-25-000454 ↗ filed Nov 10, 2025
Holdings Value
Holdings 137 stocks · $726.8M
| VOO Vanguard S&P 500 ETF | 10.98% | 130,359 | $79.8M | Add +2.0% |
| SCHG Schwab US Large-Cap Growth | 9.72% | 2,214,447 | $70.7M | Reduce -1.7% |
| BND Vanguard Total Bond Market | 8.46% | 827,262 | $61.5M | Add +2.8% |
| GTO Invesco Total Return Bond Et | 6.93% | 1,059,618 | $50.3M | Add +4.6% |
| GSIE Goldman Sachs Activebeta Int | 5.54% | 980,213 | $40.3M | Add +2.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.53% | 938,938 | $40.2M | Add +1.6% |
| VONV Vanguard Russell 1000 Value | 4.25% | 345,535 | $30.9M | Add +3.8% |
| TIPX SS SPDR BB 1-10YR Tips ETF | 2.36% | 888,564 | $17.1M | Add +2.7% |
| HTRB Hartford TTL RTRN BND ETF | 2.23% | 472,774 | $16.2M | Add +2.2% |
| IAGG iShares Intl Aggregate Bond | 2.20% | 312,257 | $16.0M | Add +2.3% |
| IUSG iShares Core S&P U.S. Growth | 1.82% | 80,183 | $13.2M | Reduce -1.9% |
| EEMV iShares MSCI Emg MKT Min Vol | 1.73% | 197,443 | $12.6M | Add +0.2% |
| CMF iShares California Muni Bond | 1.47% | 186,891 | $10.7M | Reduce -6.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.46% | 22,194 | $10.6M | Add +3.0% |
| SMMD iShares Russell 2500 ETF | 1.44% | 142,224 | $10.5M | Reduce -15.9% |
| IFRA iShares US Infrastructure | 1.33% | 183,149 | $9.7M | Add +1.0% |
| VIG Vanguard Dividend Apprec ETF | 1.27% | 42,629 | $9.2M | Reduce -1.3% |
| XLRE SS Real Estate Select Sector | 1.25% | 215,503 | $9.1M | Add +3.7% |
| INTF iShares International Equity | 1.17% | 237,808 | $8.5M | Reduce -1.6% |
| AAPL Apple Inc. | 1.16% | 33,017 | $8.4M | Reduce -5.7% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 1.14% | 94,282 | $8.3M | Add +11.0% |
| VXUS Vanguard Total Intl Stock | 1.08% | 106,563 | $7.8M | Reduce -2.0% |
| GUNR NT Mstar GLBL NR ETF | 1.05% | 173,952 | $7.6M | Add +3.2% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.01% | 58,446 | $7.4M | Add +2.9% |
| EFA iShares MSCI Eafe ETF | 0.98% | 76,129 | $7.1M | Add +1.3% |
| USSG Xtrackers MSCI USA Sele Eqty | 0.97% | 114,781 | $7.0M | Add +3.2% |
| SUB iShares Short-Term National | 0.96% | 65,677 | $7.0M | Add +3.4% |
| AVUS Avantis U.S. Equity ETF | 0.94% | 62,833 | $6.8M | Reduce -8.1% |
| JMUB JPMorgan Municipal ETF | 0.88% | 127,018 | $6.4M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.86% | 72,013 | $6.3M | Add +7.1% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.85% | 126,608 | $6.2M | Reduce -2.0% |
| FTLS First Trust Long/Short Eqty | 0.79% | 82,405 | $5.8M | Reduce -2.5% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.71% | 51,447 | $5.1M | Reduce -13.4% |
| EELV Invesco S&P Emerging Markets | 0.69% | 188,604 | $5.0M | Add +2.2% |
| MUB iShares National Muni Bond E | 0.64% | 43,825 | $4.7M | Reduce -6.5% |
| NVDA Nvidia Corp. | 0.58% | 22,585 | $4.2M | Add +6.5% |
| SHM SS SPDR N Ice St Muni ETF | 0.55% | 82,810 | $4.0M | Reduce -1.8% |
| EAGG iShares ESG Aware US Aggrega | 0.55% | 82,687 | $4.0M | Add +8.6% |
| SCHB Schwab US Broad Market ETF | 0.53% | 149,181 | $3.8M | Add +0.7% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.47% | 91,036 | $3.4M | Add +3.6% |
| ESGD iShares Trust iShares ESG Aw | 0.45% | 35,342 | $3.3M | Add +4.4% |
| SUSB iShares ESG Aware 1-5 Year U | 0.41% | 117,935 | $3.0M | Add +7.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 8,698 | $2.9M | Reduce -3.3% |
| NANR Sta STR SP S&P Nor An Res-Ui | 0.36% | 40,396 | $2.6M | Reduce -1.1% |
| NFRA NT GLBL BRD Infra ETF | 0.34% | 39,655 | $2.5M | Add +4.1% |
| VCRM Vanguard Core Tax-Ex Bond | 0.34% | 33,087 | $2.5M | Add +5.8% |
| VONE Vanguard Russell 1000 | 0.33% | 7,833 | $2.4M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.32% | 9,467 | $2.3M | Reduce -9.5% |
| MSFT Microsoft Corp. | 0.31% | 4,316 | $2.2M | Add +9.4% |
| SCHH Schwab US REIT ETF | 0.30% | 101,380 | $2.2M | Add +2.8% |
| GSST Goldman Sachs Ultra Short Bo | 0.29% | 41,768 | $2.1M | Reduce -4.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.29% | 36,669 | $2.1M | Reduce -6.0% |
| AMZN Amazon.com Inc. | 0.25% | 8,291 | $1.8M | Add +5.0% |
| IWF iShares Russell 1000 Growth | 0.24% | 3,732 | $1.7M | Reduce -3.8% |
| GNR State Street SPDR S&P Global | 0.24% | 29,378 | $1.7M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.23% | 7,018 | $1.7M | Reduce -4.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.22% | 5,442 | $1.6M | Reduce -13.3% |
| DGRO iShares Core Dividend Growth | 0.20% | 21,154 | $1.4M | Reduce -13.6% |
| IGF iShares Global Infrastructur | 0.19% | 23,168 | $1.4M | Add +0.5% |
| SCHF Schwab Intl Equity ETF | 0.19% | 58,754 | $1.4M | Reduce -6.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.19% | 23,585 | $1.3M | Reduce -20.4% |
| VEA Vanguard Ftse Developed ETF | 0.18% | 21,816 | $1.3M | Reduce -1.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.18% | 16,381 | $1.3M | Add +20.7% |
| EMCR Xtrackers Emerg Mark Carb Re | 0.17% | 34,250 | $1.2M | Add +2.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.14% | 28,721 | $1.0M | Reduce -3.4% |
| MMCA Nylim Mackay California Muni filed as NEW YORK LIFE INVTS ACTIVE E | 0.14% | 47,058 | $1.0M | Add +82.1% |
| ORCL Oracle Corp. | 0.14% | 3,626 | $1.0M | Add +1.8% |
| V Visa Inc. Class A | 0.14% | 2,955 | $1.0M | Add +1.3% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 6,777 | $987K | No change |
| JPST JPMorgan Ultra-Short Income | 0.14% | 19,365 | $982K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.13% | 3,814 | $970K | Reduce -30.7% |
| NUSC Nuveen ESG Small-Cap ETF | 0.13% | 21,723 | $958K | Reduce -8.1% |
| BGRN iShares Usd Green Bond ETF | 0.13% | 19,868 | $956K | Add +9.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.13% | 30,045 | $936K | Reduce -25.0% |
| ILCG iShares Morningstar Growth E | 0.12% | 8,640 | $901K | Add +2.1% |
| VNQ Vanguard Real Estate ETF | 0.12% | 9,735 | $890K | Reduce -5.6% |
| IJR iShares Core S&P Small-Cap E | 0.11% | 6,708 | $797K | Reduce -17.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.11% | 7,506 | $784K | Reduce -0.4% |
| BIV Vanguard Intermediate-Term B | 0.10% | 9,773 | $763K | Add +1.4% |
| AOR iShares Core 60/40 Balanced | 0.10% | 11,847 | $763K | Add +0.8% |
| IVW iShares S&P 500 Growth ETF | 0.10% | 6,235 | $753K | No change |
| META Meta Platforms Inc. Class A | 0.09% | 934 | $686K | Reduce -0.4% |
| SDG Ish MSCI Glob Sust Deve Goal | 0.09% | 7,754 | $645K | Add +6.5% |
| JCPB JPMorgan Core Plus Bond ETF | 0.09% | 13,524 | $643K | Reduce -6.0% |
| CMCSA Comcast Corp. Class A | 0.09% | 20,296 | $638K | Add +37.9% |
| SUSA iShares ESG Optimized MSCI U | 0.09% | 4,674 | $634K | Reduce -3.4% |
| VYM Vanguard High DVD Yield ETF | 0.09% | 4,436 | $625K | Reduce -2.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 981 | $589K | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 0.08% | 877 | $587K | Reduce -6.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.08% | 11,292 | $565K | Add +13.3% |
| SCHX Schwab US Large-Cap ETF | 0.08% | 21,028 | $554K | Add +4.0% |
| PSR Invesco Active US Real Estat | 0.07% | 5,502 | $510K | Add +2.8% |
| QGRO American Century US Quality | 0.07% | 4,418 | $505K | Add +7.1% |
| NYF iShares New York Muni Bond E | 0.07% | 9,226 | $492K | Add +28.7% |
| FLSP Franklin Systematic Style PR | 0.07% | 18,170 | $482K | Reduce -8.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 9,115 | $470K | Add +4.4% |
| UPS United Parcel Service Class B | 0.06% | 5,276 | $441K | Reduce -1.1% |
| LRCX Lam Research Corp. | 0.06% | 3,073 | $411K | Add +3.8% |
| ADP Automatic Data Processing | 0.05% | 1,294 | $380K | Add +2.0% |
| VONG Vanguard Russell 1000 Growth | 0.05% | 3,092 | $373K | Reduce -35.7% |
Portfolio Sells Q2 2025 → Q3 2025
| SMMD iShares Russell 2500 ETF | Reduce -15.9% | 1.44% | −0.23 |
| CMF iShares California Muni Bond | Reduce -6.2% | 1.47% | −0.16 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -13.4% | 0.71% | −0.14 |
| MUB iShares National Muni Bond E | Reduce -6.5% | 0.64% | −0.07 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -2.0% | 0.85% | −0.07 |
| AVUS Avantis U.S. Equity ETF | Reduce -8.1% | 0.94% | −0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -30.7% | 0.13% | −0.06 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -20.4% | 0.19% | −0.05 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.04 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -1.8% | 0.55% | −0.04 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -25.0% | 0.13% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -13.3% | 0.22% | −0.04 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.04 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.03 |
| INTF iShares International Equity | Reduce -1.6% | 1.17% | −0.03 |
| DGRO iShares Core Dividend Growth | Reduce -13.6% | 0.20% | −0.03 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.03 |
| GSST Goldman Sachs Ultra Short Bo | Reduce -4.0% | 0.29% | −0.03 |
| MATX Matson Inc. | Sold out | 0.00% | −0.03 |
| VONG Vanguard Russell 1000 Growth | Reduce -35.7% | 0.05% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 1.27% | −0.03 |
| FTLS First Trust Long/Short Eqty | Reduce -2.5% | 0.79% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -6.0% | 0.29% | −0.02 |
| VXUS Vanguard Total Intl Stock | Reduce -2.0% | 1.08% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -17.1% | 0.11% | −0.02 |
| UPS United Parcel Service Class B | Reduce -1.1% | 0.06% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -6.0% | 0.19% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -5.6% | 0.12% | −0.01 |
| DIS The Walt Disney Co. | Reduce -13.1% | 0.04% | −0.01 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -6.0% | 0.09% | −0.01 |
| MQ Marqeta Inc. | Sold out | 0.00% | −0.01 |
| NUSC Nuveen ESG Small-Cap ETF | Reduce -8.1% | 0.13% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -18.3% | 0.04% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 0.09% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.3% | 0.39% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -4.5% | 0.04% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.6% | 0.18% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -6.0% | 0.08% | −0.00 |
| FLSP Franklin Systematic Style PR | Reduce -8.2% | 0.07% | −0.00 |
| TSLA Tesla Inc. | Reduce -31.2% | 0.03% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -7.8% | 0.05% | −0.00 |
| WMT Walmart Inc. | Reduce -7.5% | 0.03% | −0.00 |
| SUSA iShares ESG Optimized MSCI U | Reduce -3.4% | 0.09% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.2% | 0.09% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.0% | 0.05% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.9% | 0.05% | −0.00 |
| PEP Pepsico Inc. | Reduce -2.0% | 0.03% | −0.00 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -3.4% | 0.14% | −0.00 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -1.4% | 0.03% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -3.8% | 0.24% | 0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Add +2.0% | 10.98% | +0.38 |
| JPST JPMorgan Ultra-Short Income | New | 0.14% | +0.14 |
| VONV Vanguard Russell 1000 Value | Add +3.8% | 4.25% | +0.10 |
| NVDA Nvidia Corp. | Add +6.5% | 0.58% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.0% | 1.46% | +0.08 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Add +11.0% | 1.14% | +0.08 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +1.6% | 5.53% | +0.06 |
| GUNR NT Mstar GLBL NR ETF | Add +3.2% | 1.05% | +0.06 |
| MMCA Nylim Mackay California Muni | Add +82.1% | 0.14% | +0.06 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +2.9% | 1.01% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.1% | 0.86% | +0.04 |
| USSG Xtrackers MSCI USA Sele Eqty | Add +3.2% | 0.97% | +0.04 |
| MMIT Nylim Mackay Muni Intermedia | New | 0.04% | +0.04 |
| FNF Fidelity National Financial | New | 0.04% | +0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +20.7% | 0.18% | +0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.03% | +0.03 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | New | 0.03% | +0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 0.03% | +0.03 |
| DFAT Dimensional US Target Value | New | 0.03% | +0.03 |
| IFRA iShares US Infrastructure | Add +1.0% | 1.33% | +0.03 |
| ORCL Oracle Corp. | Add +1.8% | 0.14% | +0.03 |
| MSFT Microsoft Corp. | Add +9.4% | 0.31% | +0.02 |
| EAGG iShares ESG Aware US Aggrega | Add +8.6% | 0.55% | +0.02 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Add +3.6% | 0.47% | +0.02 |
| LRCX Lam Research Corp. | Add +3.8% | 0.06% | +0.01 |
| NYF iShares New York Muni Bond E | Add +28.7% | 0.07% | +0.01 |
| EMCR Xtrackers Emerg Mark Carb Re | Add +2.2% | 0.17% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.7% | 0.53% | +0.01 |
| GNR State Street SPDR S&P Global | Add +2.0% | 0.24% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +37.9% | 0.09% | +0.01 |
| ESGD iShares Trust iShares ESG Aw | Add +4.4% | 0.45% | +0.01 |
| VONE Vanguard Russell 1000 | Add +1.6% | 0.33% | +0.01 |
| SDG Ish MSCI Glob Sust Deve Goal | Add +6.5% | 0.09% | +0.01 |
| SUSB iShares ESG Aware 1-5 Year U | Add +7.7% | 0.41% | +0.01 |
| HD Home Depot Inc. | Add +16.9% | 0.04% | +0.01 |
| VCRM Vanguard Core Tax-Ex Bond | Add +5.8% | 0.34% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +13.3% | 0.08% | +0.01 |
| BGRN iShares Usd Green Bond ETF | Add +9.9% | 0.13% | +0.01 |
| BAC Bank of America Corp. | Add +4.4% | 0.06% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.7% | 0.05% | +0.00 |
| ILCG iShares Morningstar Growth E | Add +2.1% | 0.12% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +4.0% | 0.08% | +0.00 |
| QGRO American Century US Quality | Add +7.1% | 0.07% | +0.00 |
| AXP American Express Co. | Add +12.9% | 0.03% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.6% | 0.08% | +0.00 |
| MA Mastercard Inc. Class A | Add +11.3% | 0.04% | +0.00 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +11.0% | 0.04% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +5.7% | 0.04% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 164 | $853.4M | VOO, BND, SCHG, GTO, SPDW |
| Q1 2026 | 152 | $818.0M | VOO, BND, SCHG, GTO, SPDW |
| Q4 2025 | 146 | $769.5M | VOO, SCHG, BND, GTO, GSIE |
| Q3 2025 | 137 | $726.8M | VOO, SCHG, BND, GTO, GSIE |
| Q2 2025 | 134 | $684.5M | VOO, SCHG, BND, GTO, GSIE |
| Q1 2025Amended | 119 | $636.9M | VOO, BND, SCHG, GTO, GSIE |
| Q4 2024 | 115 | $639.0M | SCHG, VOO, BND, GTO, COWZ |
| Q3 2024 | 106 | $628.5M | SCHG, VOO, BND, GTO, COWZ |
| Q2 2024 | 96 | $606.5M | SCHG, VOO, BIV, GTO, COWZ |
| Q1 2024 | 94 | $593.0M | SCHG, VOO, BIV, GTO, COWZ |