Gradient Capital Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Gradient Capital Advisors, LLC reported 155 stock positions worth $306.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.5% of the portfolio, followed by Apple (AAPL, 5.5%) and Ste STR SPDR PT DW Eu ETF (SPDW, 4.1%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 69 and reduced 52. The biggest buy was Ste STR SPDR PT DW Eu ETF (SPDW, shares +4%) and the biggest sale Tesla (TSLA, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001727917
- Portfolio Value
- $306.4M (Q1 2025)
- SEC Filing
- 0001727917-25-000005 ↗ filed May 5, 2025
Holdings Value
Holdings 155 stocks · $306.4M
| IVV iShares Core S&P 500 ETF | 9.47% | 51,630 | $29.0M | Add +2.5% |
| AAPL Apple Inc. | 5.53% | 76,347 | $17.0M | Reduce -4.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.13% | 347,539 | $12.7M | Add +3.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 4.06% | 157,454 | $12.4M | Add +1.0% |
| DFSD Dimensional Short Duration | 3.22% | 207,597 | $9.9M | Add +10.7% |
| SCHF Schwab Intl Equity ETF | 3.09% | 478,404 | $9.5M | Reduce -1.9% |
| SCHM Schwab US Mid Cap ETF | 2.71% | 316,415 | $8.3M | Add +3.9% |
| VTIP Vanguard Short-Term Tips | 2.46% | 151,012 | $7.5M | Reduce -1.0% |
| DFAT Dimensional US Target Value | 2.34% | 139,304 | $7.2M | Add +2.7% |
| JPST JPMorgan Ultra-Short Income | 2.06% | 124,383 | $6.3M | Reduce -6.9% |
| SCHX Schwab US Large-Cap ETF | 1.99% | 276,630 | $6.1M | Reduce -2.4% |
| DFEM Dimensional Emrg MRKT Core | 1.99% | 230,507 | $6.1M | Add +7.5% |
| JPM JPMorgan Chase & Co. | 1.92% | 24,029 | $5.9M | Reduce -1.2% |
| VEA Vanguard Ftse Developed ETF | 1.80% | 108,468 | $5.5M | Add +5.2% |
| DFUV Dimensional US Marketwide Va | 1.74% | 129,346 | $5.3M | Add +0.5% |
| MSFT Microsoft Corp. | 1.74% | 14,186 | $5.3M | Reduce -3.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.63% | 19,413 | $5.0M | Reduce -0.3% |
| TSLA Tesla Inc. | 1.62% | 19,192 | $5.0M | Reduce -20.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 8,520 | $4.5M | Add +2.8% |
| DFAR Dimensional US Real Est ETF | 1.48% | 190,767 | $4.5M | Add +3.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.39% | 81,579 | $4.3M | Add +5.1% |
| VOO Vanguard S&P 500 ETF | 1.34% | 7,966 | $4.1M | Add +2.3% |
| VXUS Vanguard Total Intl Stock | 1.32% | 64,912 | $4.0M | Reduce -0.9% |
| DFSV Dimensional US Small Cap Val | 1.28% | 139,133 | $3.9M | Add +21.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.28% | 15,109 | $3.9M | Reduce -0.5% |
| SCHD Schwab US DVD Equity ETF | 1.24% | 135,954 | $3.8M | Add +4.5% |
| META Meta Platforms Inc. Class A | 1.15% | 6,114 | $3.5M | Reduce -2.4% |
| DFAX Dimensional World Ex US Core | 1.13% | 132,400 | $3.5M | Add +7.9% |
| GOOGL Alphabet Inc. Class A | 1.11% | 21,907 | $3.4M | Reduce -0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.10% | 9,089 | $3.4M | Reduce -10.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.00% | 75,537 | $3.1M | Add +9.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.96% | 13,239 | $2.9M | Add +0.6% |
| NVDA Nvidia Corp. | 0.95% | 26,990 | $2.9M | Reduce -5.5% |
| DFLV Dim US Large Cap Value ETF | 0.95% | 94,786 | $2.9M | Add +19.7% |
| DISV Dimensional International SM | 0.90% | 94,908 | $2.8M | Add +5.5% |
| GLD SPDR Gold Shares | 0.85% | 9,001 | $2.6M | Add +56.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.74% | 12,165 | $2.3M | Reduce -0.5% |
| GLDM SPDR Gold Minishares Trust | 0.64% | 31,771 | $2.0M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.63% | 11,141 | $1.9M | Add +4.1% |
| DFAE Dimensional Emerging Core Eq | 0.62% | 72,965 | $1.9M | Add +6.6% |
| WPC WP Carey Inc. | 0.60% | 29,261 | $1.8M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 0.59% | 9,426 | $1.8M | Add +0.8% |
| AVDV Avantis Intl S/C Value ETF | 0.55% | 24,032 | $1.7M | Add +7.8% |
| SCHB Schwab US Broad Market ETF | 0.54% | 77,430 | $1.7M | Reduce -0.2% |
| CVX Chevron Corp. | 0.54% | 9,888 | $1.7M | Reduce -7.8% |
| AVGO Broadcom Inc. | 0.53% | 9,700 | $1.6M | Add +3.6% |
| VNQ Vanguard Real Estate ETF | 0.52% | 17,625 | $1.6M | Add +3.5% |
| LRCX Lam Research Corp. | 0.51% | 21,574 | $1.6M | Reduce -5.7% |
| IWM iShares Russell 2000 ETF | 0.48% | 7,446 | $1.5M | No change |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.47% | 14,604 | $1.5M | Reduce -18.6% |
| QCOM Qualcomm Inc. | 0.42% | 8,382 | $1.3M | Reduce -3.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.39% | 19,893 | $1.2M | Add +1.5% |
| SCHV Schwab US Large-Cap Value | 0.39% | 45,163 | $1.2M | Add +1.5% |
| CSCO Cisco Systems Inc. | 0.36% | 17,643 | $1.1M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 3,959 | $1.1M | Reduce -6.6% |
| VIG Vanguard Dividend Apprec ETF | 0.35% | 5,532 | $1.1M | Reduce -1.6% |
| AVUV Avantis US Small Cap Value | 0.32% | 11,241 | $980K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 23,262 | $971K | Add +0.3% |
| AMD Advanced Micro Devices | 0.31% | 9,388 | $965K | Reduce -7.0% |
| AMGN Amgen Inc. | 0.31% | 3,094 | $964K | Reduce -5.0% |
| SCHA Schwab US Small-Cap ETF | 0.31% | 40,113 | $940K | Add +0.1% |
| SCHH Schwab US REIT ETF | 0.30% | 43,308 | $932K | Add +0.5% |
| JNJ Johnson & Johnson | 0.30% | 5,616 | $931K | Reduce -3.4% |
| XLP SS Consumer Staples Sel Sect | 0.30% | 11,197 | $914K | Add +0.0% |
| V Visa Inc. Class A | 0.30% | 2,592 | $908K | Add +0.6% |
| HD Home Depot Inc. | 0.28% | 2,369 | $868K | Reduce -1.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 5,087 | $844K | Add +23.5% |
| BSV Vanguard Short-Term Bond ETF | 0.27% | 10,761 | $842K | Reduce -1.0% |
| LMT Lockheed Martin Corp. | 0.27% | 1,848 | $826K | Reduce -9.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.27% | 35,488 | $822K | Add +3.5% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.27% | 39,388 | $817K | Add +5.0% |
| IBDX iShares Ibonds Dec 2032 TC | 0.27% | 32,541 | $813K | Add +0.0% |
| FEZ State Street SPDR Euro Stoxx | 0.26% | 14,835 | $807K | New |
| VHT Vanguard Health Care ETF | 0.26% | 3,029 | $802K | Reduce -4.3% |
| DFAC Dimensional US Core Equity 2 | 0.25% | 23,357 | $771K | Add +1.5% |
| VWO Vanguard Ftse Emerging Marke | 0.25% | 16,925 | $766K | Reduce -3.4% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 5,875 | $758K | Add +6.6% |
| VUSB Vanguard Ultra Short Bond Et | 0.22% | 13,816 | $689K | Add +27.7% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 6,404 | $670K | Add +0.0% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.21% | 29,435 | $639K | Add +6.5% |
| DFIC Dimensional International Co. | 0.21% | 22,962 | $638K | No change |
| NFLX Netflix Inc. | 0.20% | 657 | $613K | Reduce -8.6% |
| BX Blackstone Inc. | 0.20% | 4,383 | $613K | No change |
| SPSB SS SPDR P St C Corp. ETF | 0.20% | 20,311 | $611K | Reduce -0.6% |
| SCHP Schwab U.S. Tips ETF | 0.20% | 22,293 | $599K | Reduce -0.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 11,064 | $563K | Add +36.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.18% | 5,048 | $549K | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 976 | $546K | Reduce -13.9% |
| AVMC Avantis US Mid Cap Eq ETF | 0.17% | 8,594 | $533K | Add +38.8% |
| COST Costco Wholesale Corp. | 0.17% | 563 | $532K | Add +1.1% |
| AGG iShares Core U.S. Aggregate | 0.17% | 5,239 | $518K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 1,096 | $514K | Add +9.1% |
| IVW iShares S&P 500 Growth ETF | 0.16% | 5,352 | $497K | No change |
| DFAI Dimensional International Co. | 0.16% | 15,883 | $496K | No change |
| IVE iShares S&P 500 Value ETF | 0.16% | 2,590 | $494K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 6,458 | $489K | No change |
| IBDU iShares Ibonds Dec 2029 Term | 0.16% | 21,086 | $488K | Add +23.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,901 | $473K | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.15% | 3,868 | $460K | Reduce -3.4% |
| SPLV Invesco S&P 500 Low Volatili | 0.15% | 5,958 | $445K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -20.1% | 1.62% | −1.50 |
| AAPL Apple Inc. | Reduce -4.0% | 5.53% | −0.89 |
| NVDA Nvidia Corp. | Reduce -5.5% | 0.95% | −0.28 |
| MSFT Microsoft Corp. | Reduce -3.0% | 1.74% | −0.25 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -10.5% | 1.10% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 1.11% | −0.23 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.4% | 1.99% | −0.13 |
| JPST JPMorgan Ultra-Short Income | Reduce -6.9% | 2.06% | −0.11 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -18.6% | 0.47% | −0.10 |
| LULU Lululemon Athletica Inc. | Reduce -39.5% | 0.07% | −0.09 |
| AMD Advanced Micro Devices | Reduce -7.0% | 0.31% | −0.08 |
| AXP American Express Co. | Sold out | 0.00% | −0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.3% | 1.63% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -11.0% | 0.14% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -9.3% | 0.27% | −0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.5% | 0.74% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.6% | 0.36% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.9% | 0.18% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.4% | 1.15% | −0.03 |
| SCHB Schwab US Broad Market ETF | Reduce -0.2% | 0.54% | −0.02 |
| LRCX Lam Research Corp. | Reduce -5.7% | 0.51% | −0.02 |
| HD Home Depot Inc. | Reduce -1.9% | 0.28% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -16.8% | 0.07% | −0.02 |
| PFE Pfizer Inc. | Reduce -12.0% | 0.11% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.5% | 1.28% | −0.02 |
| CAT Caterpillar Inc. | Reduce -3.2% | 0.14% | −0.02 |
| DIS The Walt Disney Co. | Reduce -4.0% | 0.10% | −0.02 |
| ADBE Adobe Inc. | Reduce -1.6% | 0.09% | −0.02 |
| BLK BlackRock Inc. | Reduce -2.1% | 0.13% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -3.6% | 0.42% | −0.01 |
| NFLX Netflix Inc. | Reduce -8.6% | 0.20% | −0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -7.1% | 0.10% | −0.01 |
| DFUS Dimensional US Eq MKT ETF | Reduce -1.7% | 0.10% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.6% | 0.35% | −0.00 |
| INTC Intel Corp. | Reduce -16.4% | 0.08% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.4% | 0.25% | +0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.6% | 0.20% | +0.00 |
| VHT Vanguard Health Care ETF | Reduce -4.3% | 0.26% | +0.00 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -1.3% | 0.18% | +0.00 |
| SBUX Starbucks Corp. | Reduce -5.0% | 0.10% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.0% | 0.27% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -1.0% | 0.13% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.7% | 0.20% | +0.01 |
| POWR iShares US Power Infrastruct | Reduce -1.1% | 0.11% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -3.4% | 0.15% | +0.01 |
| JNJ Johnson & Johnson | Reduce -3.4% | 0.30% | +0.03 |
| CVX Chevron Corp. | Reduce -7.8% | 0.54% | +0.04 |
| AMGN Amgen Inc. | Reduce -5.0% | 0.31% | +0.04 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 1.92% | +0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -0.9% | 1.32% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| SPDW Ste STR SPDR PT DW Eu ETF | Add +3.9% | 4.13% | +0.45 |
| GLD SPDR Gold Shares | Add +56.7% | 0.85% | +0.40 |
| DFSD Dimensional Short Duration | Add +10.7% | 3.22% | +0.39 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.8% | 1.48% | +0.27 |
| FEZ State Street SPDR Euro Stoxx | New | 0.26% | +0.26 |
| VEA Vanguard Ftse Developed ETF | Add +5.2% | 1.80% | +0.21 |
| DFEM Dimensional Emrg MRKT Core | Add +7.5% | 1.99% | +0.18 |
| DFLV Dim US Large Cap Value ETF | Add +19.7% | 0.95% | +0.18 |
| DFAX Dimensional World Ex US Core | Add +7.9% | 1.13% | +0.15 |
| SLV iShares Silver Trust | New | 0.14% | +0.14 |
| DFSV Dimensional US Small Cap Val | Add +21.3% | 1.28% | +0.14 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.0% | 4.06% | +0.14 |
| DISV Dimensional International SM | Add +5.5% | 0.90% | +0.13 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +9.0% | 1.00% | +0.11 |
| GLDM SPDR Gold Minishares Trust | Add +0.2% | 0.64% | +0.11 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.1% | 1.39% | +0.10 |
| DFAR Dimensional US Real Est ETF | Add +3.6% | 1.48% | +0.10 |
| SCHD Schwab US DVD Equity ETF | Add +4.5% | 1.24% | +0.09 |
| AVDV Avantis Intl S/C Value ETF | Add +7.8% | 0.55% | +0.08 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.08% | +0.08 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.08% | +0.08 |
| DFAE Dimensional Emerging Core Eq | Add +6.6% | 0.62% | +0.06 |
| VUSB Vanguard Ultra Short Bond Et | Add +27.7% | 0.22% | +0.05 |
| JMST JPM Ultra-Short Muni Income | Add +36.1% | 0.18% | +0.05 |
| AVMC Avantis US Mid Cap Eq ETF | Add +38.8% | 0.17% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.1% | 0.63% | +0.04 |
| SCHO Schwab Short-Term US Treas | Add +49.6% | 0.12% | +0.04 |
| DFUV Dimensional US Marketwide Va | Add +0.5% | 1.74% | +0.04 |
| V Visa Inc. Class A | Add +0.6% | 0.30% | +0.03 |
| IBDU iShares Ibonds Dec 2029 Term | Add +23.5% | 0.16% | +0.03 |
| VNQ Vanguard Real Estate ETF | Add +3.5% | 0.52% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.5% | 0.39% | +0.03 |
| XLF SS Financial Select Sector | Add +27.9% | 0.11% | +0.03 |
| CSCO Cisco Systems Inc. | Add +2.5% | 0.36% | +0.03 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +5.0% | 0.27% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +6.6% | 0.25% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.15% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +6.5% | 0.21% | +0.02 |
| SCHV Schwab US Large-Cap Value | Add +1.5% | 0.39% | +0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Add +3.5% | 0.27% | +0.02 |
| ABBV Abbvie Inc. | Add +0.8% | 0.09% | +0.02 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +15.6% | 0.10% | +0.02 |
| XLP SS Consumer Staples Sel Sect | Add +0.0% | 0.30% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +13.9% | 0.10% | +0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Add +13.2% | 0.11% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.5% | 0.28% | +0.01 |
| SCHH Schwab US REIT ETF | Add +0.5% | 0.30% | +0.01 |
| XLE SS Energy Select Sector | Add +0.1% | 0.10% | +0.01 |
| COST Costco Wholesale Corp. | Add +1.1% | 0.17% | +0.01 |
| IBDX iShares Ibonds Dec 2032 TC | Add +0.0% | 0.27% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 179 | $431.8M | IVV, AAPL, SPDW, VCSH, DFGP |
| Q1 2026 | 177 | $385.8M | IVV, AAPL, SPDW, VCSH, DFGP |
| Q4 2025 | 174 | $388.0M | IVV, AAPL, SPDW, VCSH, SCHF |
| Q3 2025 | 167 | $373.1M | IVV, AAPL, SPDW, VCSH, DFSD |
| Q2 2025 | 162 | $338.5M | IVV, AAPL, SPDW, VCSH, SCHF |
| Q1 2025 | 155 | $306.4M | IVV, AAPL, SPDW, VCSH, DFSD |
| Q4 2024 | 152 | $310.2M | IVV, AAPL, VCSH, SPDW, TSLA |
| Q3 2024 | 148 | $302.0M | IVV, AAPL, SPDW, VCSH, SCHF |
| Q2 2024 | 140 | $279.8M | IVV, AAPL, VCSH, SPDW, SCHF |
| Q1 2024 | 139 | $272.4M | IVV, AAPL, SPDW, SCHF, VCSH |