Gradient Capital Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Gradient Capital Advisors, LLC reported 162 stock positions worth $338.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.6% of the portfolio, followed by Apple (AAPL, 4.5%) and Ste STR SPDR PT DW Eu ETF (SPDW, 4.0%). Compared with Q1 2025, it opened 11 new positions, sold out of 4, added to 67 and reduced 54. The biggest buy was Vngrd Mrgstr LRG-Cap ETF-Usd (VV, shares +63%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001727917
- Portfolio Value
- $338.5M (Q2 2025)
- SEC Filing
- 0001727917-25-000009 ↗ filed Jul 16, 2025
Holdings Value
Holdings 162 stocks · $338.5M
| IVV iShares Core S&P 500 ETF | 9.58% | 52,248 | $32.4M | Add +1.2% |
| AAPL Apple Inc. | 4.48% | 73,967 | $15.2M | Reduce -3.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.03% | 336,622 | $13.6M | Reduce -3.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.44% | 146,340 | $11.6M | Reduce -7.1% |
| SCHF Schwab Intl Equity ETF | 3.05% | 466,452 | $10.3M | Reduce -2.5% |
| DFSD Dimensional Short Duration | 2.90% | 204,171 | $9.8M | Reduce -1.6% |
| SCHM Schwab US Mid Cap ETF | 2.73% | 329,615 | $9.2M | Add +4.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.66% | 31,558 | $9.0M | Add +62.6% |
| DFAT Dimensional US Target Value | 2.24% | 140,353 | $7.6M | Add +0.8% |
| MSFT Microsoft Corp. | 2.12% | 14,413 | $7.2M | Add +1.6% |
| VTIP Vanguard Short-Term Tips | 2.08% | 140,069 | $7.0M | Reduce -7.3% |
| JPM JPMorgan Chase & Co. | 2.08% | 24,274 | $7.0M | Add +1.0% |
| SCHX Schwab US Large-Cap ETF | 2.04% | 282,450 | $6.9M | Add +2.1% |
| DFEM Dimensional Emrg MRKT Core | 2.02% | 230,462 | $6.8M | Reduce -0.0% |
| JPST JPMorgan Ultra-Short Income | 1.85% | 123,600 | $6.3M | Reduce -0.6% |
| VEA Vanguard Ftse Developed ETF | 1.81% | 107,667 | $6.1M | Reduce -0.7% |
| DFUV Dimensional US Marketwide Va | 1.67% | 133,613 | $5.6M | Add +3.3% |
| TSLA Tesla Inc. | 1.67% | 17,747 | $5.6M | Reduce -7.5% |
| DFSV Dimensional US Small Cap Val | 1.50% | 172,432 | $5.1M | Add +23.9% |
| DFAR Dimensional US Real Est ETF | 1.37% | 197,705 | $4.6M | Add +3.6% |
| META Meta Platforms Inc. Class A | 1.36% | 6,244 | $4.6M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.35% | 9,386 | $4.6M | Add +10.2% |
| VOO Vanguard S&P 500 ETF | 1.34% | 7,961 | $4.5M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.29% | 27,710 | $4.4M | Add +2.7% |
| VXUS Vanguard Total Intl Stock | 1.27% | 62,437 | $4.3M | Reduce -3.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.25% | 15,120 | $4.2M | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.24% | 9,596 | $4.2M | Add +5.6% |
| DFAX Dimensional World Ex US Core | 1.16% | 133,749 | $3.9M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 1.16% | 22,204 | $3.9M | Add +1.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.13% | 72,664 | $3.8M | Reduce -10.9% |
| SCHD Schwab US DVD Equity ETF | 1.11% | 142,106 | $3.8M | Add +4.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.06% | 77,969 | $3.6M | Add +3.2% |
| AVGO Broadcom Inc. | 1.03% | 12,704 | $3.5M | Add +31.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.94% | 13,497 | $3.2M | Add +1.9% |
| DFLV Dim US Large Cap Value ETF | 0.92% | 100,792 | $3.1M | Add +6.3% |
| DISV Dimensional International SM | 0.91% | 93,242 | $3.1M | Reduce -1.8% |
| GLD SPDR Gold Shares | 0.89% | 9,832 | $3.0M | Add +9.2% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.77% | 26,384 | $2.6M | Add +80.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.68% | 11,723 | $2.3M | Reduce -3.6% |
| LRCX Lam Research Corp. | 0.64% | 22,420 | $2.2M | Add +3.9% |
| AMZN Amazon.com Inc. | 0.63% | 9,774 | $2.1M | Add +3.7% |
| DFAE Dimensional Emerging Core Eq | 0.61% | 71,743 | $2.1M | Reduce -1.7% |
| GLDM SPDR Gold Minishares Trust | 0.58% | 30,003 | $2.0M | Reduce -5.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.58% | 11,063 | $2.0M | Reduce -0.7% |
| SCHB Schwab US Broad Market ETF | 0.55% | 78,425 | $1.9M | Add +1.3% |
| AVDV Avantis Intl S/C Value ETF | 0.54% | 23,080 | $1.8M | Reduce -4.0% |
| WPC WP Carey Inc. | 0.53% | 28,552 | $1.8M | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.47% | 22,838 | $1.6M | Add +29.4% |
| VNQ Vanguard Real Estate ETF | 0.45% | 17,278 | $1.5M | Reduce -2.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.41% | 20,633 | $1.4M | Add +3.7% |
| CVX Chevron Corp. | 0.40% | 9,531 | $1.4M | Reduce -3.6% |
| IWM iShares Russell 2000 ETF | 0.40% | 6,231 | $1.3M | Reduce -16.3% |
| AVUV Avantis US Small Cap Value | 0.38% | 14,143 | $1.3M | Add +25.8% |
| QCOM Qualcomm Inc. | 0.37% | 7,828 | $1.2M | Reduce -6.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.36% | 5,394 | $1.2M | Add +6.0% |
| SCHV Schwab US Large-Cap Value | 0.35% | 43,157 | $1.2M | Reduce -4.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 3,926 | $1.2M | Reduce -0.8% |
| VIG Vanguard Dividend Apprec ETF | 0.34% | 5,562 | $1.1M | Add +0.5% |
| AMD Advanced Micro Devices | 0.33% | 7,983 | $1.1M | Reduce -15.0% |
| SCHA Schwab US Small-Cap ETF | 0.33% | 43,502 | $1.1M | Add +8.4% |
| FEZ State Street SPDR Euro Stoxx | 0.32% | 18,404 | $1.1M | Add +24.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 22,791 | $1.1M | Reduce -2.0% |
| V Visa Inc. Class A | 0.27% | 2,620 | $930K | Add +1.1% |
| DFAC Dimensional US Core Equity 2 | 0.27% | 25,497 | $914K | Add +9.2% |
| SCHH Schwab US REIT ETF | 0.27% | 43,047 | $911K | Reduce -0.6% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 11,199 | $907K | Add +0.0% |
| NFLX Netflix Inc. | 0.26% | 659 | $882K | Add +0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 17,770 | $879K | Add +5.0% |
| HD Home Depot Inc. | 0.26% | 2,379 | $872K | Add +0.4% |
| LMT Lockheed Martin Corp. | 0.25% | 1,843 | $854K | Reduce -0.3% |
| AMGN Amgen Inc. | 0.25% | 3,056 | $853K | Reduce -1.2% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.24% | 39,388 | $829K | No change |
| IBDX iShares Ibonds Dec 2032 TC | 0.24% | 32,548 | $823K | Add +0.0% |
| JNJ Johnson & Johnson | 0.24% | 5,374 | $821K | Reduce -4.3% |
| AVMC Avantis US Mid Cap Eq ETF | 0.23% | 11,911 | $788K | Add +38.6% |
| BSV Vanguard Short-Term Bond ETF | 0.23% | 9,963 | $784K | Reduce -7.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.23% | 33,721 | $784K | Reduce -5.0% |
| SHYM iShares Short Duration High | 0.23% | 34,635 | $773K | New |
| VYM Vanguard High DVD Yield ETF | 0.22% | 5,652 | $753K | Reduce -3.8% |
| DFIC Dimensional International Co. | 0.21% | 22,962 | $714K | No change |
| DFGP Dimensional GLBL Core PL Fix | 0.21% | 12,824 | $699K | Add +149.4% |
| SLV iShares Silver Trust | 0.21% | 21,265 | $698K | Add +50.1% |
| VHT Vanguard Health Care ETF | 0.21% | 2,795 | $694K | Reduce -7.7% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 6,325 | $691K | Reduce -1.2% |
| BX Blackstone Inc. | 0.19% | 4,383 | $656K | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.19% | 29,435 | $647K | No change |
| COST Costco Wholesale Corp. | 0.18% | 628 | $621K | Add +11.6% |
| VUSB Vanguard Ultra Short Bond Et | 0.18% | 12,431 | $620K | Reduce -10.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 1,097 | $605K | Add +0.1% |
| SPSB SS SPDR P St C Corp. ETF | 0.18% | 19,814 | $598K | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 964 | $596K | Reduce -1.2% |
| SCHP Schwab U.S. Tips ETF | 0.18% | 22,293 | $595K | No change |
| IVW iShares S&P 500 Growth ETF | 0.17% | 5,352 | $589K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 1,948 | $574K | Add +2.5% |
| DFAI Dimensional International Co. | 0.16% | 15,883 | $549K | No change |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.16% | 10,767 | $548K | Reduce -2.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.16% | 4,983 | $546K | Reduce -1.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 6,342 | $529K | Reduce -1.8% |
| AGG iShares Core U.S. Aggregate | 0.15% | 5,208 | $517K | Reduce -0.6% |
| IVE iShares S&P 500 Value ETF | 0.15% | 2,590 | $506K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -3.1% | 4.48% | −1.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -7.1% | 3.44% | −0.62 |
| VTIP Vanguard Short-Term Tips | Reduce -7.3% | 2.08% | −0.38 |
| DFSD Dimensional Short Duration | Reduce -1.6% | 2.90% | −0.32 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -10.9% | 1.13% | −0.26 |
| JPST JPMorgan Ultra-Short Income | Reduce -0.6% | 1.85% | −0.20 |
| CVX Chevron Corp. | Reduce -3.6% | 0.40% | −0.14 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.1% | 4.03% | −0.10 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.09 |
| IWM iShares Russell 2000 ETF | Reduce -16.3% | 0.40% | −0.09 |
| WPC WP Carey Inc. | Reduce -2.4% | 0.53% | −0.08 |
| PDBC Invesco Optimum Yield Divers | Sold out | 0.00% | −0.07 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.07 |
| VNQ Vanguard Real Estate ETF | Reduce -2.0% | 0.45% | −0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.6% | 0.68% | −0.06 |
| AMGN Amgen Inc. | Reduce -1.2% | 0.25% | −0.06 |
| JNJ Johnson & Johnson | Reduce -4.3% | 0.24% | −0.06 |
| GLDM SPDR Gold Minishares Trust | Reduce -5.6% | 0.58% | −0.06 |
| VHT Vanguard Health Care ETF | Reduce -7.7% | 0.21% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -6.6% | 0.37% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.7% | 0.58% | −0.05 |
| SCHO Schwab Short-Term US Treas | Reduce -31.3% | 0.08% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -2.5% | 3.05% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -7.4% | 0.23% | −0.04 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -10.0% | 0.18% | −0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -3.8% | 1.27% | −0.04 |
| SCHV Schwab US Large-Cap Value | Reduce -4.4% | 0.35% | −0.04 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -5.0% | 0.23% | −0.04 |
| SCHH Schwab US REIT ETF | Reduce -0.6% | 0.27% | −0.04 |
| PFE Pfizer Inc. | Reduce -20.4% | 0.07% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 0.12% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.8% | 0.22% | −0.02 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -2.5% | 0.18% | −0.02 |
| JMST JPM Ultra-Short Muni Income | Reduce -2.7% | 0.16% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -1.3% | 0.16% | −0.02 |
| POWR iShares US Power Infrastruct | Reduce -2.8% | 0.09% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -0.3% | 0.25% | −0.02 |
| SBUX Starbucks Corp. | Reduce -1.1% | 0.09% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -0.6% | 0.15% | −0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -5.7% | 0.09% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.2% | 0.20% | −0.01 |
| INTC Intel Corp. | Reduce -6.5% | 0.07% | −0.01 |
| AVDV Avantis Intl S/C Value ETF | Reduce -4.0% | 0.54% | −0.01 |
| CAT Caterpillar Inc. | Reduce -10.3% | 0.13% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.8% | 0.16% | −0.00 |
| DFAE Dimensional Emerging Core Eq | Reduce -1.7% | 0.61% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 0.35% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.8% | 0.13% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 0.18% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +62.6% | 2.66% | +1.03 |
| AVGO Broadcom Inc. | Add +31.0% | 1.03% | +0.50 |
| MSFT Microsoft Corp. | Add +1.6% | 2.12% | +0.38 |
| NVDA Nvidia Corp. | Add +2.7% | 1.29% | +0.34 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +80.7% | 0.77% | +0.30 |
| SHYM iShares Short Duration High | New | 0.23% | +0.23 |
| DFSV Dimensional US Small Cap Val | Add +23.9% | 1.50% | +0.22 |
| META Meta Platforms Inc. Class A | Add +2.1% | 1.36% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 2.08% | +0.16 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.6% | 1.24% | +0.14 |
| LRCX Lam Research Corp. | Add +3.9% | 0.64% | +0.13 |
| DFGP Dimensional GLBL Core PL Fix | Add +149.4% | 0.21% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +1.2% | 9.58% | +0.11 |
| CSCO Cisco Systems Inc. | Add +29.4% | 0.47% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.0% | 0.36% | +0.09 |
| DFCA Dimensional Calfornia MB ETF | New | 0.08% | +0.08 |
| GS Goldman Sachs Group Inc. | New | 0.07% | +0.07 |
| OFIX Orthofix Medical Inc. | New | 0.07% | +0.07 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +3.2% | 1.06% | +0.07 |
| ORCL Oracle Corp. | New | 0.07% | +0.07 |
| AXP American Express Co. | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | New | 0.06% | +0.06 |
| SLV iShares Silver Trust | Add +50.1% | 0.21% | +0.06 |
| FEZ State Street SPDR Euro Stoxx | Add +24.1% | 0.32% | +0.06 |
| AVUV Avantis US Small Cap Value | Add +25.8% | 0.38% | +0.06 |
| NFLX Netflix Inc. | Add +0.3% | 0.26% | +0.06 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.06% | +0.06 |
| JCPI JP Morgan Inflation MGD Bond | New | 0.06% | +0.06 |
| AVMC Avantis US Mid Cap Eq ETF | Add +38.6% | 0.23% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 1.16% | +0.05 |
| ATEC Alphatec Holdings Inc. | New | 0.05% | +0.05 |
| AMZN Amazon.com Inc. | Add +3.7% | 0.63% | +0.05 |
| SCHX Schwab US Large-Cap ETF | Add +2.1% | 2.04% | +0.05 |
| CEG Constellation Energy | Add +9.2% | 0.12% | +0.04 |
| GLD SPDR Gold Shares | Add +9.2% | 0.89% | +0.04 |
| DFAX Dimensional World Ex US Core | Add +1.0% | 1.16% | +0.03 |
| SCHM Schwab US Mid Cap ETF | Add +4.2% | 2.73% | +0.03 |
| INTU Intuit Inc. | Add +1.8% | 0.14% | +0.02 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +32.2% | 0.12% | +0.02 |
| DFAC Dimensional US Core Equity 2 | Add +9.2% | 0.27% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +8.4% | 0.33% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +3.7% | 0.41% | +0.02 |
| IBM Intl Business Machines Corp. | Add +2.5% | 0.17% | +0.02 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +27.7% | 0.10% | +0.02 |
| WFC Wells Fargo & Co. | Add +14.0% | 0.11% | +0.01 |
| BA The Boeing Co. | Add +4.4% | 0.10% | +0.01 |
| XLE SS Energy Select Sector | Add +35.6% | 0.11% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.18% | +0.01 |
| COST Costco Wholesale Corp. | Add +11.6% | 0.18% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +4.3% | 0.08% | +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 |