Gradient Capital Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Gradient Capital Advisors, LLC reported 139 stock positions worth $272.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.1% of the portfolio, followed by Apple (AAPL, 5.6%) and Ste STR SPDR PT DW Eu ETF (SPDW, 3.8%). Compared with Q4 2023, it opened 2 new positions, sold out of 5, added to 50 and reduced 62. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +35%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001727917
Portfolio Value
$272.4M (Q1 2024)
SEC Filing
0001727917-24-000004 ↗ filed Apr 17, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $272.4M $272.4M Q1 2024 Q2 2024: $279.8M Q2 2024 Q3 2024: $302.0M Q3 2024 Q4 2024: $310.2M Q4 2024 Q1 2025: $306.4M Q1 2025 Q2 2025: $338.5M Q2 2025 Q3 2025: $373.1M Q3 2025 Q4 2025: $388.0M Q4 2025 Q1 2026: $385.8M Q1 2026 Q2 2026: $431.8M Q2 2026

Holdings 139 stocks · $272.4M
IVV iShares Core S&P 500 ETF 10.07% 52,158 $27.4M Reduce -5.4%
AAPL Apple Inc. 5.59% 88,721 $15.2M Reduce -6.2%
SPDW Ste STR SPDR PT DW Eu ETF 3.82% 290,634 $10.4M Add +0.9%
SCHF Schwab Intl Equity ETF 3.69% 257,361 $10.0M Reduce -3.5%
VCSH Vanguard S/T Corp. Bond ETF 3.65% 128,585 $9.9M Add +35.5%
SCHM Schwab US Mid Cap ETF 2.95% 98,798 $8.0M Reduce -1.6%
DFAT Dimensional US Target Value 2.78% 139,360 $7.6M Reduce -2.4%
JPST JPMorgan Ultra-Short Income 2.47% 133,434 $6.7M Reduce -2.1%
VTIP Vanguard Short-Term Tips 2.39% 135,979 $6.5M Add +5.2%
SCHX Schwab US Large-Cap ETF 2.37% 104,081 $6.5M Reduce -6.1%
MSFT Microsoft Corp. 2.36% 15,272 $6.4M Add +2.8%
DFUV Dimensional US Marketwide Va 1.96% 130,352 $5.3M Add +0.3%
JPM JPMorgan Chase & Co. 1.85% 25,167 $5.0M Reduce -0.4%
VOO Vanguard S&P 500 ETF 1.76% 9,979 $4.8M Reduce -15.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.74% 19,781 $4.7M Reduce -1.7%
VEA Vanguard Ftse Developed ETF 1.71% 92,976 $4.7M Reduce -1.6%
DFEM Dimensional Emrg MRKT Core 1.68% 179,592 $4.6M Add +5.2%
TSLA Tesla Inc. 1.67% 25,924 $4.6M Reduce -11.4%
DFSD Dimensional Short Duration 1.58% 91,703 $4.3M Add +20.9%
VXUS Vanguard Total Intl Stock 1.48% 66,721 $4.0M Reduce -1.3%
VUG Vanguard Mrngstar GR ETF-Sui 1.39% 11,008 $3.8M Reduce -1.9%
DFAR Dimensional US Real Est ETF 1.36% 165,466 $3.7M Add +4.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.35% 14,735 $3.7M Reduce -2.4%
VB Vanguard Most SM-Cap ETF-Usd 1.24% 14,735 $3.4M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.23% 7,972 $3.4M Add +8.4%
GOOGL Alphabet Inc. Class A 1.18% 21,245 $3.2M Add +1.4%
SCHD Schwab US DVD Equity ETF 1.17% 39,552 $3.2M Add +10.7%
META Meta Platforms Inc. Class A 1.09% 6,125 $3.0M Add +1.0%
DFAX Dimensional World Ex US Core 1.00% 107,004 $2.7M Add +12.7%
VNQI Vanguard GLBL Ex-US Real Est 0.95% 61,204 $2.6M Reduce -5.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.91% 48,296 $2.5M Add +9.6%
NVDA Nvidia Corp. 0.91% 2,730 $2.5M Reduce -5.6%
LRCX Lam Research Corp. 0.88% 2,471 $2.4M Reduce -6.3%
DISV Dimensional International SM 0.73% 73,005 $2.0M Add +2.6%
DFSV Dimensional US Small Cap Val 0.69% 62,399 $1.9M Add +13.5%
WPC WP Carey Inc. 0.68% 32,894 $1.9M Reduce -3.8%
CVX Chevron Corp. 0.67% 11,569 $1.8M Reduce -0.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.61% 8,646 $1.7M Reduce -8.8%
AMD Advanced Micro Devices 0.60% 9,075 $1.6M Add +5.3%
AMZN Amazon.com Inc. 0.59% 8,975 $1.6M Reduce -4.5%
SCHB Schwab US Broad Market ETF 0.59% 26,236 $1.6M Add +1.2%
DFAE Dimensional Emerging Core Eq 0.58% 64,443 $1.6M Reduce -1.1%
VNQ Vanguard Real Estate ETF 0.57% 17,903 $1.5M Reduce -1.6%
QCOM Qualcomm Inc. 0.56% 9,048 $1.5M Reduce -0.6%
GLDM SPDR Gold Minishares Trust 0.54% 33,233 $1.5M Add +2.8%
AVDV Avantis Intl S/C Value ETF 0.52% 21,630 $1.4M Reduce -0.4%
AVGO Broadcom Inc. 0.50% 1,022 $1.4M Reduce -1.8%
VEU Vanguard Ftse All-World Ex-U 0.50% 23,035 $1.4M Reduce -8.1%
DFLV Dim US Large Cap Value ETF 0.46% 41,524 $1.2M Add +15.3%
VTI VG Morningstar TS MKT ETF-US 0.45% 4,719 $1.2M Add +1.9%
SCHV Schwab US Large-Cap Value 0.45% 16,135 $1.2M Reduce -3.6%
JNJ Johnson & Johnson 0.43% 7,435 $1.2M Reduce -6.7%
AVUV Avantis US Small Cap Value 0.41% 12,050 $1.1M Reduce -5.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.41% 6,866 $1.1M Reduce -0.4%
SCHA Schwab US Small-Cap ETF 0.41% 22,501 $1.1M Reduce -1.7%
GLD SPDR Gold Shares 0.40% 5,314 $1.1M Add +0.1%
IWM iShares Russell 2000 ETF 0.40% 5,142 $1.1M No change
VIG Vanguard Dividend Apprec ETF 0.40% 5,901 $1.1M Add +0.3%
BSV Vanguard Short-Term Bond ETF 0.37% 13,268 $1.0M Reduce -2.1%
AMGN Amgen Inc. 0.37% 3,560 $1.0M Reduce -0.3%
HD Home Depot Inc. 0.35% 2,513 $964K Add +0.3%
SCHZ Schwab US Aggregate Bond ETF 0.34% 20,427 $940K Add +0.5%
CSCO Cisco Systems Inc. 0.34% 18,684 $932K Add +0.2%
VHT Vanguard Health Care ETF 0.34% 3,400 $920K Reduce -2.5%
XLP SS Consumer Staples Sel Sect 0.34% 11,950 $913K Reduce -1.4%
SCHH Schwab US REIT ETF 0.33% 44,627 $906K Reduce -4.0%
LMT Lockheed Martin Corp. 0.32% 1,940 $883K Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.32% 22,739 $862K Reduce -7.4%
VWO Vanguard Ftse Emerging Marke 0.31% 20,047 $837K Reduce -8.6%
LULU Lululemon Athletica Inc. 0.28% 1,959 $765K Reduce -2.1%
VUSB Vanguard Ultra Short Bond Et 0.28% 15,151 $751K Reduce -14.3%
IJR iShares Core S&P Small-Cap E 0.26% 6,396 $707K Add +1.5%
VYM Vanguard High DVD Yield ETF 0.25% 5,602 $678K Add +0.9%
IBDW iShares Ibonds Dec 2031 Corp. 0.25% 32,827 $673K Add +25.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.25% 13,256 $673K Reduce -15.1%
V Visa Inc. Class A 0.25% 2,403 $671K Add +1.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 1,280 $669K Add +1.9%
DFAC Dimensional US Core Equity 2 0.24% 20,753 $663K Add +6.2%
SPSB SS SPDR P St C Corp. ETF 0.24% 22,066 $657K Add +7.7%
PFE Pfizer Inc. 0.23% 22,353 $620K Add +30.1%
DFIC Dimensional International Co. 0.23% 22,962 $614K No change
IBDX iShares Ibonds Dec 2032 TC 0.22% 24,083 $597K Add +2.6%
BX Blackstone Inc. 0.22% 4,487 $589K No change
SCHP Schwab U.S. Tips ETF 0.21% 11,207 $585K Reduce -1.7%
INTC Intel Corp. 0.21% 13,206 $583K Reduce -13.8%
GOOG Alphabet Inc. Class C 0.20% 3,579 $545K Reduce -1.1%
CAT Caterpillar Inc. 0.20% 1,483 $543K Reduce -9.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.19% 4,751 $517K Reduce -4.8%
IVE iShares S&P 500 Value ETF 0.19% 2,759 $515K Add +2.5%
AGG iShares Core U.S. Aggregate 0.18% 5,140 $503K No change
IEFA iShares Core MSCI Eafe ETF 0.18% 6,582 $489K Reduce -1.7%
DFAI Dimensional International Co. 0.18% 16,092 $486K No change
TSM Taiwan Semiconductor-SP ADR 0.18% 3,554 $484K Add +2.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 3,789 $464K Reduce -4.7%
NFLX Netflix Inc. 0.17% 760 $462K Reduce -4.4%
IBDV iShares Ibonds Dec 2030 Corp. 0.17% 21,490 $460K Add +37.6%
DTD Wisdomtree US Total Dividend 0.16% 6,336 $448K No change
QQQ Invesco QQQ Trust Series 1 0.16% 1,005 $446K Add +3.1%
XOM Exxon Mobil Corp. 0.16% 3,806 $442K Reduce -3.5%
SPLV Invesco S&P 500 Low Volatili 0.16% 6,693 $441K Reduce -0.2%
IVW iShares S&P 500 Growth ETF 0.16% 5,122 $433K No change
BSMV Invesco Bulletshares 2031 MB 0.15% 19,704 $420K No change
DFUS Dimensional US Eq MKT ETF 0.15% 7,145 $407K Add +3.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.15% 16,122 $407K No change
ACN Accenture PLC Class A 0.15% 1,161 $402K No change
EFA iShares MSCI Eafe ETF 0.14% 4,885 $390K No change
POWR iShares US Power Infrastruct 0.14% 14,400 $382K No change
COST Costco Wholesale Corp. 0.14% 520 $381K Reduce -2.4%
ADBE Adobe Inc. 0.14% 741 $374K No change
MRK Merck & Co. Inc. 0.14% 2,812 $371K Reduce -4.9%
REGN Regeneron Pharmaceuticals 0.14% 384 $370K No change
INTU Intuit Inc. 0.14% 567 $369K No change
CRM Salesforce Inc. 0.13% 1,195 $360K Add +0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 1,818 $347K Reduce -0.3%
IJH iShares Core S&P Midcap ETF 0.13% 5,713 $347K No change
BA The Boeing Co. 0.12% 1,737 $335K Reduce -8.2%
YUM Yum! Brands Inc. 0.12% 2,325 $322K No change
BLK BlackRock Finance Inc. 0.12% 385 $321K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.11% 4,813 $309K Add +0.0%
GHY Pgim Global High Yield Fund 0.11% 25,764 $308K No change
SBUX Starbucks Corp. 0.11% 3,327 $304K Reduce -2.9%
XLE SS Energy Select Sector 0.11% 3,201 $302K Add +0.1%
AVLV Avantis US Large Cap Value 0.10% 4,446 $286K Reduce -17.6%
SJNK SS SPDR BB St Hi Yield ETF 0.10% 11,241 $283K Reduce -69.5%
PG The Procter & Gamble Co. 0.10% 1,741 $282K Reduce -6.0%
FDX FedEx Corp. 0.10% 924 $268K No change
IBDU iShares Ibonds Dec 2029 Term 0.09% 11,171 $255K New
WFC Wells Fargo & Co. 0.09% 4,244 $246K Add +0.4%
ABBV Abbvie Inc. 0.09% 1,322 $241K Add +2.2%
JCPI JP Morgan Inflation MGD Bond 0.09% 5,114 $240K Add +0.3%
TIP iShares Tips Bond ETF 0.09% 2,222 $239K No change
ICF iShares Select U.S. REIT ETF 0.09% 4,120 $238K No change
IYW iShares Ustechnology ETF 0.09% 1,760 $238K No change
IBDR iShares Ibonds Dec 2026 Term 0.08% 9,608 $229K Add +12.3%
VYMI Vanguard Int High DVD YLD Inc. 0.08% 3,313 $228K Add +1.1%
XLF SS Financial Select Sector 0.08% 5,197 $219K New
BSMU Invesco Bulletshares 2030 MB 0.08% 9,381 $208K No change
PDBC Invesco Optimum Yield Divers 0.07% 14,326 $199K Add +34.0%
IMMUNOPRECISE ANTIBODIES LTD 0.01% 26,808 $41K No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -6.2% 5.59% −1.35
TSLA Tesla Inc. Reduce -11.4% 1.67% −1.09
SJNK SS SPDR BB St Hi Yield ETF Reduce -69.5% 0.10% −0.25
VOO Vanguard S&P 500 ETF Reduce -15.7% 1.76% −0.21
WPC WP Carey Inc. Reduce -3.8% 0.68% −0.16
IUSB Ishr CR Unvrse Usd BD ETF-Ui Sold out 0.00% −0.15
JPST JPMorgan Ultra-Short Income Reduce -2.1% 2.47% −0.13
LULU Lululemon Athletica Inc. Reduce -2.1% 0.28% −0.11
SCHO Schwab Short-Term US Treas Sold out 0.00% −0.10
VNQI Vanguard GLBL Ex-US Real Est Reduce -5.1% 0.95% −0.10
DFAU Dimensional US Core Equity M Sold out 0.00% −0.09
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.09
SCHC Schwab Intl Small-Cap Equity Sold out 0.00% −0.09
INTC Intel Corp. Reduce -13.8% 0.21% −0.08
BA The Boeing Co. Reduce -8.2% 0.12% −0.06
SCHF Schwab Intl Equity ETF Reduce -3.5% 3.69% −0.06
DFAT Dimensional US Target Value Reduce -2.4% 2.78% −0.06
VUSB Vanguard Ultra Short Bond Et Reduce -14.3% 0.28% −0.06
JMST JPM Ultra-Short Muni Income Reduce -15.1% 0.25% −0.05
JNJ Johnson & Johnson Reduce -6.7% 0.43% −0.04
VNQ Vanguard Real Estate ETF Reduce -1.6% 0.57% −0.04
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -8.8% 0.61% −0.04
VEU Vanguard Ftse All-World Ex-U Reduce -8.1% 0.50% −0.04
VWO Vanguard Ftse Emerging Marke Reduce -8.6% 0.31% −0.04
SCHH Schwab US REIT ETF Reduce -4.0% 0.33% −0.03
BSV Vanguard Short-Term Bond ETF Reduce -2.1% 0.37% −0.02
AVUV Avantis US Small Cap Value Reduce -5.3% 0.41% −0.02
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -4.8% 0.19% −0.02
AMGN Amgen Inc. Reduce -0.3% 0.37% −0.02
VXUS Vanguard Total Intl Stock Reduce -1.3% 1.48% −0.01
AVLV Avantis US Large Cap Value Reduce -17.6% 0.10% −0.01
SBUX Starbucks Corp. Reduce -2.9% 0.11% −0.01
DFAE Dimensional Emerging Core Eq Reduce -1.1% 0.58% −0.01
LMT Lockheed Martin Corp. Reduce -0.4% 0.32% −0.01
SCHP Schwab U.S. Tips ETF Reduce -1.7% 0.21% −0.01
VEA Vanguard Ftse Developed ETF Reduce -1.6% 1.71% −0.01
SCHX Schwab US Large-Cap ETF Reduce -6.1% 2.37% −0.01
SCHA Schwab US Small-Cap ETF Reduce -1.7% 0.41% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -1.7% 0.18% 0.00
PG The Procter & Gamble Co. Reduce -6.0% 0.10% +0.00
BAC Bank of America Corp. Reduce -7.4% 0.32% +0.00
SPLV Invesco S&P 500 Low Volatili Reduce -0.2% 0.16% +0.00
XLP SS Consumer Staples Sel Sect Reduce -1.4% 0.34% +0.00
SCHV Schwab US Large-Cap Value Reduce -3.6% 0.45% +0.00
VHT Vanguard Health Care ETF Reduce -2.5% 0.34% +0.00
GOOG Alphabet Inc. Class C Reduce -1.1% 0.20% +0.01
COST Costco Wholesale Corp. Reduce -2.4% 0.14% +0.01
AVDV Avantis Intl S/C Value ETF Reduce -0.4% 0.52% +0.01
CVX Chevron Corp. Reduce -0.8% 0.67% +0.01
XOM Exxon Mobil Corp. Reduce -3.5% 0.16% +0.01

Portfolio Buys Q4 2023 → Q1 2024
VCSH Vanguard S/T Corp. Bond ETF Add +35.5% 3.65% +0.85
META Meta Platforms Inc. Class A Add +1.0% 1.09% +0.27
BRK.B Berkshire Hathaway Inc. Class B Add +8.4% 1.23% +0.23
MSFT Microsoft Corp. Add +2.8% 2.36% +0.23
DFSD Dimensional Short Duration Add +20.9% 1.58% +0.23
SCHD Schwab US DVD Equity ETF Add +10.7% 1.17% +0.14
AMD Advanced Micro Devices Add +5.3% 0.60% +0.12
DFAX Dimensional World Ex US Core Add +12.7% 1.00% +0.12
DFUV Dimensional US Marketwide Va Add +0.3% 1.96% +0.12
SPDW Ste STR SPDR PT DW Eu ETF Add +0.9% 3.82% +0.10
IBDU iShares Ibonds Dec 2029 Term New 0.09% +0.09
DFLV Dim US Large Cap Value ETF Add +15.3% 0.46% +0.09
XLF SS Financial Select Sector New 0.08% +0.08
DFSV Dimensional US Small Cap Val Add +13.5% 0.69% +0.08
GOOGL Alphabet Inc. Class A Add +1.4% 1.18% +0.06
DFEM Dimensional Emrg MRKT Core Add +5.2% 1.68% +0.06
VTIP Vanguard Short-Term Tips Add +5.2% 2.39% +0.05
IGSB iShares 1-5Y Inv Grade Corp. Add +9.6% 0.91% +0.05
VB Vanguard Most SM-Cap ETF-Usd Add +0.1% 1.24% +0.04
TSM Taiwan Semiconductor-SP ADR Add +2.9% 0.18% +0.04
IBDV iShares Ibonds Dec 2030 Corp. Add +37.6% 0.17% +0.04
IBDW iShares Ibonds Dec 2031 Corp. Add +25.4% 0.25% +0.04
PFE Pfizer Inc. Add +30.1% 0.23% +0.04
SCHB Schwab US Broad Market ETF Add +1.2% 0.59% +0.04
GLDM SPDR Gold Minishares Trust Add +2.8% 0.54% +0.03
VTI VG Morningstar TS MKT ETF-US Add +1.9% 0.45% +0.03
DISV Dimensional International SM Add +2.6% 0.73% +0.03
DFAC Dimensional US Core Equity 2 Add +6.2% 0.24% +0.03
HD Home Depot Inc. Add +0.3% 0.35% +0.02
PDBC Invesco Optimum Yield Divers Add +34.0% 0.07% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +1.9% 0.25% +0.02
GLD SPDR Gold Shares Add +0.1% 0.40% +0.01
VIG Vanguard Dividend Apprec ETF Add +0.3% 0.40% +0.01
DFUS Dimensional US Eq MKT ETF Add +3.8% 0.15% +0.01
CRM Salesforce Inc. Add +0.6% 0.13% +0.01
VYM Vanguard High DVD Yield ETF Add +0.9% 0.25% +0.01
ABBV Abbvie Inc. Add +2.2% 0.09% +0.01
QQQ Invesco QQQ Trust Series 1 Add +3.1% 0.16% +0.01
WFC Wells Fargo & Co. Add +0.4% 0.09% +0.01
IVE iShares S&P 500 Value ETF Add +2.5% 0.19% +0.01
V Visa Inc. Class A Add +1.0% 0.25% +0.01
SPSB SS SPDR P St C Corp. ETF Add +7.7% 0.24% +0.01
XLE SS Energy Select Sector Add +0.1% 0.11% +0.01
IBDR iShares Ibonds Dec 2026 Term Add +12.3% 0.08% +0.01
SPTM SS SPDR P S&P 1500 Comp ETF Add +0.0% 0.11% +0.01
VYMI Vanguard Int High DVD YLD Inc. Add +1.1% 0.08% +0.00
IJR iShares Core S&P Small-Cap E Add +1.5% 0.26% −0.00
JCPI JP Morgan Inflation MGD Bond Add +0.3% 0.09% −0.00
IBDX iShares Ibonds Dec 2032 TC Add +2.6% 0.22% −0.01
SCHZ Schwab US Aggregate Bond ETF Add +0.5% 0.34% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 179$431.8MIVV, AAPL, SPDW, VCSH, DFGP
Q1 2026 177$385.8MIVV, AAPL, SPDW, VCSH, DFGP
Q4 2025 174$388.0MIVV, AAPL, SPDW, VCSH, SCHF
Q3 2025 167$373.1MIVV, AAPL, SPDW, VCSH, DFSD
Q2 2025 162$338.5MIVV, AAPL, SPDW, VCSH, SCHF
Q1 2025 155$306.4MIVV, AAPL, SPDW, VCSH, DFSD
Q4 2024 152$310.2MIVV, AAPL, VCSH, SPDW, TSLA
Q3 2024 148$302.0MIVV, AAPL, SPDW, VCSH, SCHF
Q2 2024 140$279.8MIVV, AAPL, VCSH, SPDW, SCHF
Q1 2024 139$272.4MIVV, AAPL, SPDW, SCHF, VCSH