Clifford Group, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Clifford Group, LLC reported 83 stock positions worth $121.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 29.0% of the portfolio, followed by Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 8.4%) and Vanguard Extended Market ETF (VXF, 8.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 2, added to 23 and reduced 27. The biggest buy was Vngrd Mrgstr MG CP GR ETF-Ui (MGK, shares +3%) and the biggest sale Apple (AAPL, shares −7%).

Most Recent 13F
Q2 2026
Location
WAYLAND, MA
CIK
0001965522
Portfolio Value
$121.7M (Q2 2025)
SEC Filing
0001965522-25-000006 ↗ filed Aug 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $121.1M Q1 2024 Q2 2024: $123.9M Q2 2024 Q3 2024: $128.6M Q3 2024 Q4 2024: $131.2M Q4 2024 Q1 2025: $107.0M Q1 2025 Q2 2025: $121.7M $121.7M Q2 2025 Q3 2025: $128.4M Q3 2025 Q4 2025: $129.5M Q4 2025 Q1 2026: $129.8M Q1 2026 Q2 2026: $144.6M Q2 2026

Holdings 83 stocks · $121.7M
VOO Vanguard S&P 500 ETF 29.02% 62,196 $35.3M Add +4.2%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 8.40% 27,925 $10.2M Add +3.2%
VXF Vanguard Extended Market ETF 8.23% 51,988 $10.0M Add +4.0%
EFV iShares MSCI Eafe Value ETF 4.44% 85,218 $5.4M Reduce -2.0%
MUB iShares National Muni Bond E 3.70% 43,108 $4.5M Add +1.2%
VGT Vanguard Info Tech ETF 3.57% 6,555 $4.3M Add +7.3%
NVDA Nvidia Corp. 2.59% 19,923 $3.1M Reduce -0.1%
MSFT Microsoft Corp. 2.46% 6,018 $3.0M Reduce -0.4%
AMZN Amazon.com Inc. 2.42% 13,416 $2.9M Reduce -1.4%
IWF iShares Russell 1000 Growth 2.06% 5,893 $2.5M Reduce -2.9%
SHM SS SPDR N Ice St Muni ETF 1.68% 42,759 $2.0M Reduce -7.2%
AAPL Apple Inc. 1.66% 9,867 $2.0M Reduce -6.8%
VMBS Vanguard Mortgage-Backed Sec 1.51% 39,604 $1.8M Reduce -6.0%
META Meta Platforms Inc. Class A 1.44% 2,369 $1.7M Reduce -0.1%
JPM JPMorgan Chase & Co. 1.31% 5,512 $1.6M Reduce -3.9%
IWD iShares Russell 1000 Value E 1.28% 8,036 $1.6M Reduce -2.6%
GOOGL Alphabet Inc. Class A 1.26% 8,731 $1.5M Reduce -1.4%
ADP Automatic Data Processing 1.02% 4,043 $1.2M No change
TSM Taiwan Semiconductor-SP ADR 0.99% 5,339 $1.2M Reduce -1.3%
MS Morgan Stanley 0.69% 6,002 $845K Reduce -1.0%
GOVT iShares US Treasury Bond ETF 0.68% 35,863 $824K Add +3.3%
V Visa Inc. Class A 0.60% 2,054 $729K No change
COR Cencora Inc. 0.60% 2,426 $727K Reduce -1.3%
HLI Houlihan Lokey Inc. 0.60% 4,026 $725K Reduce -0.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.58% 2,207 $706K Add +0.5%
CSCO Cisco Systems Inc. 0.53% 9,359 $649K Add +2.4%
AVGO Broadcom Inc. 0.53% 2,343 $646K Reduce -5.1%
PG The Procter & Gamble Co. 0.52% 3,947 $629K Add +0.8%
VNQ Vanguard Real Estate ETF 0.51% 7,021 $625K Add +3.8%
HD Home Depot Inc. 0.49% 1,633 $599K Add +1.6%
PAYX Paychex Inc. 0.45% 3,754 $546K Add +1.9%
ABT Abbott Laboratories 0.45% 4,012 $546K Add +0.8%
IFRA iShares US Infrastructure 0.44% 10,873 $535K Add +3.8%
UNP Union Pacific Corp. 0.43% 2,301 $529K Reduce -20.0%
COST Costco Wholesale Corp. 0.43% 525 $520K No change
ACN Accenture PLC Class A 0.42% 1,728 $517K Reduce -1.2%
TEL Te Connectivity PLC 0.41% 2,983 $503K Add +1.4%
GS Goldman Sachs Group Inc. 0.40% 691 $489K No change
ORCL Oracle Corp. 0.39% 2,187 $478K No change
KVYO Klaviyo Inc. Class A 0.39% 14,168 $476K Add +2.8%
GOOG Alphabet Inc. Class C 0.38% 2,639 $468K No change
HYMB SS SPDR N Ice HY Muni ETF 0.35% 17,378 $431K Add +14.4%
ETN Eaton Corp. PLC 0.34% 1,148 $410K No change
NEE Nextera Energy Inc. 0.34% 5,882 $408K Reduce -12.1%
ADI Analog Devices Inc. 0.34% 1,713 $408K No change
AXP American Express Co. 0.30% 1,136 $362K No change
PSX Phillips 66 0.30% 3,032 $362K Reduce -10.7%
IUSV iShares Core S&P U.S. Value 0.30% 3,819 $361K No change
DE Deere & Co. 0.30% 707 $360K Add +22.3%
NSP Insperity Inc. 0.29% 5,944 $357K No change
LIN Linde PLC 0.29% 746 $350K New
LLY Eli Lilly & Co. 0.28% 442 $345K Reduce -9.8%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 673 $327K No change
CRM Salesforce Inc. 0.27% 1,196 $326K Add +19.6%
VB Vanguard Most SM-Cap ETF-Usd 0.27% 1,374 $326K No change
UNH Unitedhealth Group Inc. 0.26% 998 $311K Reduce -19.8%
PLD Prologis Inc. 0.25% 2,944 $309K Add +9.7%
FIS Fidelity National Info Serv 0.25% 3,783 $308K Add +2.2%
SPOT Spotify Technology SA 0.25% 400 $307K No change
HON Honeywell International Inc. 0.25% 1,317 $307K No change
PEP Pepsico Inc. 0.24% 2,208 $292K Reduce -0.1%
WMT Walmart Inc. 0.23% 2,870 $281K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 449 $277K Reduce -33.6%
NFLX Netflix Inc. 0.23% 207 $277K New
AON Aon PLC Class A 0.21% 710 $253K No change
BLK BlackRock Inc. 0.21% 241 $253K No change
UBER Uber Technologies Inc. 0.21% 2,702 $252K New
HLT Hilton Worldwide Holdings Inc. 0.21% 940 $250K No change
GLD SPDR Gold Shares 0.20% 807 $246K New
TSLA Tesla Inc. 0.20% 760 $241K New
MCK McKesson Corp. 0.20% 329 $241K No change
DHR Danaher Corp. 0.20% 1,204 $238K Reduce -0.6%
PINS Pinterest Inc. Class A 0.19% 6,570 $236K No change
SCHD Schwab US DVD Equity ETF 0.19% 8,858 $235K Add +20.4%
VT Vanguard Tot World STK ETF 0.19% 1,793 $230K No change
UPS United Parcel Service Class B 0.19% 2,272 $229K Add +12.6%
VTI VG Morningstar TS MKT ETF-US 0.18% 728 $221K No change
TT Trane Technologies PLC 0.18% 497 $217K New
TDG Transdigm Group Inc. 0.18% 142 $216K New
SHE SS SPDR MSCI U Gend Div ETF 0.17% 1,675 $209K New
ORLY O'reilly Automotive Inc. 0.17% 2,295 $207K No change
MA Mastercard Inc. Class A 0.17% 367 $206K New
TMO Thermo Fisher Scientific Inc. 0.17% 497 $202K Reduce -3.9%

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -6.8% 1.66% −0.53
SHM SS SPDR N Ice St Muni ETF Reduce -7.2% 1.68% −0.37
UNH Unitedhealth Group Inc. Reduce -19.8% 0.26% −0.35
EFV iShares MSCI Eafe Value ETF Reduce -2.0% 4.44% −0.34
VMBS Vanguard Mortgage-Backed Sec Reduce -6.0% 1.51% −0.31
TGT Target Corp. Sold out 0.00% −0.21
UNP Union Pacific Corp. Reduce -20.0% 0.43% −0.20
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.19
IWD iShares Russell 1000 Value E Reduce -2.6% 1.28% −0.17
SPY SS SPDR S&P 500 ETF Trust-US Reduce -33.6% 0.23% −0.13
NEE Nextera Energy Inc. Reduce -12.1% 0.34% −0.11
LLY Eli Lilly & Co. Reduce -9.8% 0.28% −0.10
PSX Phillips 66 Reduce -10.7% 0.30% −0.09
ACN Accenture PLC Class A Reduce -1.2% 0.42% −0.09
TMO Thermo Fisher Scientific Inc. Reduce -3.9% 0.17% −0.07
PEP Pepsico Inc. Reduce -0.1% 0.24% −0.07
COR Cencora Inc. Reduce -1.3% 0.60% −0.04
DHR Danaher Corp. Reduce -0.6% 0.20% −0.04
GOOGL Alphabet Inc. Class A Reduce -1.4% 1.26% −0.02
HLI Houlihan Lokey Inc. Reduce -0.2% 0.60% −0.01
JPM JPMorgan Chase & Co. Reduce -3.9% 1.31% −0.00
AMZN Amazon.com Inc. Reduce -1.4% 2.42% −0.00
IWF iShares Russell 1000 Growth Reduce -2.9% 2.06% +0.01
MS Morgan Stanley Reduce -1.0% 0.69% +0.03
AVGO Broadcom Inc. Reduce -5.1% 0.53% +0.14
TSM Taiwan Semiconductor-SP ADR Reduce -1.3% 0.99% +0.15
META Meta Platforms Inc. Class A Reduce -0.1% 1.44% +0.16
MSFT Microsoft Corp. Reduce -0.4% 2.46% +0.34
NVDA Nvidia Corp. Reduce -0.1% 2.59% +0.57

Portfolio Buys Q1 2025 → Q2 2025
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +3.2% 8.40% +0.59
VGT Vanguard Info Tech ETF Add +7.3% 3.57% +0.48
VOO Vanguard S&P 500 ETF Add +4.2% 29.02% +0.37
LIN Linde PLC New 0.29% +0.29
NFLX Netflix Inc. New 0.23% +0.23
UBER Uber Technologies Inc. New 0.21% +0.21
GLD SPDR Gold Shares New 0.20% +0.20
TSLA Tesla Inc. New 0.20% +0.20
VXF Vanguard Extended Market ETF Add +4.0% 8.23% +0.18
TT Trane Technologies PLC New 0.18% +0.18
TDG Transdigm Group Inc. New 0.18% +0.18
SHE SS SPDR MSCI U Gend Div ETF New 0.17% +0.17
MA Mastercard Inc. Class A New 0.17% +0.17
DE Deere & Co. Add +22.3% 0.30% +0.04
TEL Te Connectivity PLC Add +1.4% 0.41% +0.03
CRM Salesforce Inc. Add +19.6% 0.27% +0.02
CSCO Cisco Systems Inc. Add +2.4% 0.53% +0.01
KVYO Klaviyo Inc. Class A Add +2.8% 0.39% +0.00
SCHD Schwab US DVD Equity ETF Add +20.4% 0.19% +0.00
IFRA iShares US Infrastructure Add +3.8% 0.44% −0.00
HYMB SS SPDR N Ice HY Muni ETF Add +14.4% 0.35% −0.00
FIS Fidelity National Info Serv Add +2.2% 0.25% −0.01
UPS United Parcel Service Class B Add +12.6% 0.19% −0.02
PLD Prologis Inc. Add +9.7% 0.25% −0.03
ABT Abbott Laboratories Add +0.8% 0.45% −0.04
VNQ Vanguard Real Estate ETF Add +3.8% 0.51% −0.06
HD Home Depot Inc. Add +1.6% 0.49% −0.06
GOVT iShares US Treasury Bond ETF Add +3.3% 0.68% −0.07
PAYX Paychex Inc. Add +1.9% 0.45% −0.08
PG The Procter & Gamble Co. Add +0.8% 0.52% −0.11
AJG Arthur J Gallagher & Co. Add +0.5% 0.58% −0.13
MUB iShares National Muni Bond E Add +1.2% 3.70% −0.49

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 86$144.6MVOO, MGK, LSGR, EFV, VGT
Q1 2026 80$129.8MVOO, MGK, LSGR, EFV, VXF
Q4 2025 76$129.5MVOO, MGK, VXF, EFV, VGT
Q3 2025 81$128.4MVOO, VXF, MGK, EFV, VGT
Q2 2025 83$121.7MVOO, MGK, VXF, EFV, MUB
Q1 2025 76$107.0MVOO, VXF, MGK, EFV, MUB
Q4 2024 75$131.2MVOO, SCHD, VXF, MGK, EFV
Q3 2024 74$128.6MVOO, SCHD, VXF, MGK, EFV
Q2 2024 73$123.9MVOO, SCHD, MGK, VXF, VGT
Q1 2024 71$121.1MVOO, SCHD, VXF, EFV, MUB