Clifford Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Clifford Group, LLC reported 81 stock positions worth $128.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 30.4% of the portfolio, followed by Vanguard Extended Market ETF (VXF, 8.7%) and Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 8.7%). Compared with Q2 2025, it opened 2 new positions, sold out of 4, added to 23 and reduced 24. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +3%) and the biggest sale an exit from Vanguard Mortgage-Backed Sec (VMBS).

Most Recent 13F
Q2 2026
Location
WAYLAND, MA
CIK
0001965522
Portfolio Value
$128.4M (Q3 2025)
SEC Filing
0001965522-25-000007 ↗ filed Nov 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 Q2 2025 Q3 2025: $128.4M $128.4M Q3 2025 Q4 2025: $129.5M Q4 2025 Q1 2026: $129.8M Q1 2026 Q2 2026: $144.6M Q2 2026

Holdings 81 stocks · $128.4M
VOO Vanguard S&P 500 ETF 30.41% 63,751 $39.0M Add +2.5%
VXF Vanguard Extended Market ETF 8.70% 53,382 $11.2M Add +2.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 8.67% 27,662 $11.1M Reduce -0.9%
EFV iShares MSCI Eafe Value ETF 4.47% 84,584 $5.7M Reduce -0.7%
VGT Vanguard Info Tech ETF 3.68% 6,326 $4.7M Reduce -3.5%
NVDA Nvidia Corp. 2.86% 19,691 $3.7M Reduce -1.2%
MUB iShares National Muni Bond E 2.49% 29,983 $3.2M Reduce -30.4%
AMZN Amazon.com Inc. 2.30% 13,437 $3.0M Add +0.2%
MSFT Microsoft Corp. 2.25% 5,589 $2.9M Reduce -7.1%
IWF iShares Russell 1000 Growth 2.12% 5,808 $2.7M Reduce -1.4%
AAPL Apple Inc. 1.92% 9,678 $2.5M Reduce -1.9%
SHM SS SPDR N Ice St Muni ETF 1.73% 45,984 $2.2M Add +7.5%
GOOGL Alphabet Inc. Class A 1.66% 8,755 $2.1M Add +0.3%
META Meta Platforms Inc. Class A 1.36% 2,369 $1.7M No change
JPM JPMorgan Chase & Co. 1.32% 5,353 $1.7M Reduce -2.9%
IWD iShares Russell 1000 Value E 1.27% 8,034 $1.6M Reduce -0.0%
TSM Taiwan Semiconductor-SP ADR 0.96% 4,399 $1.2M Reduce -17.6%
ADP Automatic Data Processing 0.92% 4,043 $1.2M No change
MS Morgan Stanley 0.68% 5,475 $870K Reduce -8.8%
GOVT iShares US Treasury Bond ETF 0.67% 37,466 $866K Add +4.5%
AVGO Broadcom Inc. 0.60% 2,343 $773K No change
HLI Houlihan Lokey Inc. 0.60% 3,763 $773K Reduce -6.5%
VNQ Vanguard Real Estate ETF 0.58% 8,087 $739K Add +15.2%
COR Cencora Inc. 0.56% 2,300 $719K Reduce -5.2%
V Visa Inc. Class A 0.55% 2,054 $701K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.52% 2,171 $672K Reduce -1.6%
HYMB SS SPDR N Ice HY Muni ETF 0.50% 25,951 $647K Add +49.3%
GOOG Alphabet Inc. Class C 0.50% 2,639 $643K No change
TEL Te Connectivity PLC 0.49% 2,843 $624K Reduce -4.7%
ORCL Oracle Corp. 0.48% 2,187 $615K No change
HD Home Depot Inc. 0.48% 1,518 $615K Reduce -7.0%
IFRA iShares US Infrastructure 0.46% 11,256 $595K Add +3.5%
CSCO Cisco Systems Inc. 0.45% 8,513 $582K Reduce -9.0%
UNP Union Pacific Corp. 0.45% 2,438 $576K Add +6.0%
ABT Abbott Laboratories 0.44% 4,248 $569K Add +5.9%
PG The Procter & Gamble Co. 0.43% 3,598 $553K Reduce -8.8%
GS Goldman Sachs Group Inc. 0.43% 691 $550K No change
NEE Nextera Energy Inc. 0.40% 6,796 $513K Add +15.5%
COST Costco Wholesale Corp. 0.38% 525 $486K No change
ACN Accenture PLC Class A 0.38% 1,954 $482K Add +13.1%
PSX Phillips 66 0.34% 3,251 $442K Add +7.2%
PAYX Paychex Inc. 0.34% 3,445 $437K Reduce -8.2%
LIN Linde PLC 0.34% 910 $432K Add +22.0%
ETN Eaton Corp. PLC 0.33% 1,148 $430K No change
ADI Analog Devices Inc. 0.33% 1,713 $421K No change
PLD Prologis Inc. 0.30% 3,399 $389K Add +15.5%
NSP Insperity Inc. 0.30% 7,879 $388K Add +32.5%
IUSV iShares Core S&P U.S. Value 0.30% 3,819 $382K No change
UNH Unitedhealth Group Inc. 0.30% 1,100 $380K Add +10.2%
AXP American Express Co. 0.29% 1,136 $377K No change
KVYO Klaviyo Inc. Class A 0.28% 13,073 $362K Reduce -7.7%
VB Vanguard Most SM-Cap ETF-Usd 0.27% 1,374 $349K No change
PEP Pepsico Inc. 0.27% 2,476 $348K Add +12.1%
GLDM SPDR Gold Minishares Trust 0.27% 4,498 $344K New
BRK.B Berkshire Hathaway Inc. Class B 0.26% 673 $338K No change
TSLA Tesla Inc. 0.26% 760 $338K No change
LLY Eli Lilly & Co. 0.26% 442 $337K No change
DE Deere & Co. 0.25% 707 $323K No change
UPS United Parcel Service Class B 0.24% 3,758 $314K Add +65.4%
FIS Fidelity National Info Serv 0.24% 4,743 $313K Add +25.4%
WMT Walmart Inc. 0.23% 2,870 $296K No change
BLK BlackRock Inc. 0.22% 241 $281K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 421 $280K Reduce -6.2%
SPOT Spotify Technology SA 0.22% 400 $279K No change
SCHD Schwab US DVD Equity ETF 0.21% 9,997 $273K Add +12.9%
HON Honeywell International Inc. 0.21% 1,293 $272K Reduce -1.8%
UBER Uber Technologies Inc. 0.21% 2,702 $265K No change
MCK McKesson Corp. 0.20% 329 $254K No change
AON Aon PLC Class A 0.20% 710 $253K No change
SHE SS SPDR MSCI U Gend Div ETF 0.20% 1,985 $253K Add +18.5%
NFLX Netflix Inc. 0.19% 207 $248K No change
ORLY O'reilly Automotive Inc. 0.19% 2,295 $247K No change
VT Vanguard Tot World STK ETF 0.19% 1,793 $247K No change
HLT Hilton Worldwide Holdings Inc. 0.19% 940 $244K No change
TMO Thermo Fisher Scientific Inc. 0.19% 497 $241K No change
VTI VG Morningstar TS MKT ETF-US 0.19% 728 $239K No change
DHR Danaher Corp. 0.19% 1,204 $239K No change
CRM Salesforce Inc. 0.17% 917 $217K Reduce -23.3%
TT Trane Technologies PLC 0.16% 497 $210K No change
MA Mastercard Inc. Class A 0.16% 367 $209K No change
APP AppLovin Corp. Class A 0.16% 288 $207K New

Portfolio Sells Q2 2025 → Q3 2025
VMBS Vanguard Mortgage-Backed Sec Sold out 0.00% −1.51
MUB iShares National Muni Bond E Reduce -30.4% 2.49% −1.21
MSFT Microsoft Corp. Reduce -7.1% 2.25% −0.20
GLD SPDR Gold Shares Sold out 0.00% −0.20
PINS Pinterest Inc. Class A Sold out 0.00% −0.19
TDG Transdigm Group Inc. Sold out 0.00% −0.18
KVYO Klaviyo Inc. Class A Reduce -7.7% 0.28% −0.11
PAYX Paychex Inc. Reduce -8.2% 0.34% −0.11
CRM Salesforce Inc. Reduce -23.3% 0.17% −0.10
PG The Procter & Gamble Co. Reduce -8.8% 0.43% −0.09
CSCO Cisco Systems Inc. Reduce -9.0% 0.45% −0.08
AJG Arthur J Gallagher & Co. Reduce -1.6% 0.52% −0.06
HON Honeywell International Inc. Reduce -1.8% 0.21% −0.04
COR Cencora Inc. Reduce -5.2% 0.56% −0.04
TSM Taiwan Semiconductor-SP ADR Reduce -17.6% 0.96% −0.04
MS Morgan Stanley Reduce -8.8% 0.68% −0.02
HD Home Depot Inc. Reduce -7.0% 0.48% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -6.2% 0.22% −0.01
IWD iShares Russell 1000 Value E Reduce -0.0% 1.27% −0.01
JPM JPMorgan Chase & Co. Reduce -2.9% 1.32% +0.00
HLI Houlihan Lokey Inc. Reduce -6.5% 0.60% +0.01
EFV iShares MSCI Eafe Value ETF Reduce -0.7% 4.47% +0.02
IWF iShares Russell 1000 Growth Reduce -1.4% 2.12% +0.06
TEL Te Connectivity PLC Reduce -4.7% 0.49% +0.07
VGT Vanguard Info Tech ETF Reduce -3.5% 3.68% +0.11
AAPL Apple Inc. Reduce -1.9% 1.92% +0.26
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -0.9% 8.67% +0.27
NVDA Nvidia Corp. Reduce -1.2% 2.86% +0.28

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +2.5% 30.41% +1.38
VXF Vanguard Extended Market ETF Add +2.7% 8.70% +0.47
GOOGL Alphabet Inc. Class A Add +0.3% 1.66% +0.39
GLDM SPDR Gold Minishares Trust New 0.27% +0.27
APP AppLovin Corp. Class A New 0.16% +0.16
HYMB SS SPDR N Ice HY Muni ETF Add +49.3% 0.50% +0.15
NEE Nextera Energy Inc. Add +15.5% 0.40% +0.06
VNQ Vanguard Real Estate ETF Add +15.2% 0.58% +0.06
UPS United Parcel Service Class B Add +65.4% 0.24% +0.06
LIN Linde PLC Add +22.0% 0.34% +0.05
PLD Prologis Inc. Add +15.5% 0.30% +0.05
PSX Phillips 66 Add +7.2% 0.34% +0.05
SHM SS SPDR N Ice St Muni ETF Add +7.5% 1.73% +0.05
UNH Unitedhealth Group Inc. Add +10.2% 0.30% +0.04
PEP Pepsico Inc. Add +12.1% 0.27% +0.03
SHE SS SPDR MSCI U Gend Div ETF Add +18.5% 0.20% +0.03
IFRA iShares US Infrastructure Add +3.5% 0.46% +0.02
SCHD Schwab US DVD Equity ETF Add +12.9% 0.21% +0.02
UNP Union Pacific Corp. Add +6.0% 0.45% +0.01
NSP Insperity Inc. Add +32.5% 0.30% +0.01
GOVT iShares US Treasury Bond ETF Add +4.5% 0.67% −0.00
ABT Abbott Laboratories Add +5.9% 0.44% −0.01
FIS Fidelity National Info Serv Add +25.4% 0.24% −0.01
ACN Accenture PLC Class A Add +13.1% 0.38% −0.05
AMZN Amazon.com Inc. Add +0.2% 2.30% −0.12

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