Gradient Capital Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Gradient Capital Advisors, LLC reported 174 stock positions worth $388.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.2% of the portfolio, followed by Apple (AAPL, 5.1%) and Ste STR SPDR PT DW Eu ETF (SPDW, 3.7%). Compared with Q3 2025, it opened 10 new positions, sold out of 3, added to 53 and reduced 84. The biggest buy was Dimensional GLBL Core PL Fix (DFGP, shares +94%) and the biggest sale JPMorgan Ultra-Short Income (JPST, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001727917
- Portfolio Value
- $388.0M (Q4 2025)
- SEC Filing
- 0001727917-26-000002 ↗ filed Feb 6, 2026
Holdings Value
Holdings 174 stocks · $388.0M
| IVV iShares Core S&P 500 ETF | 9.20% | 52,144 | $35.7M | Reduce -0.7% |
| AAPL Apple Inc. | 5.10% | 72,766 | $19.8M | Reduce -1.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 3.69% | 321,999 | $14.3M | Reduce -3.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.53% | 171,922 | $13.7M | Add +7.4% |
| SCHF Schwab Intl Equity ETF | 2.78% | 448,349 | $10.8M | Reduce -1.3% |
| DFSD Dimensional Short Duration | 2.77% | 224,458 | $10.8M | Add +0.9% |
| SCHM Schwab US Mid Cap ETF | 2.45% | 315,981 | $9.5M | Reduce -1.7% |
| DFGP Dimensional GLBL Core PL Fix | 2.29% | 164,336 | $8.9M | Add +94.3% |
| DFAT Dimensional US Target Value | 2.16% | 140,565 | $8.4M | Add +0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.05% | 25,323 | $8.0M | Reduce -6.2% |
| DFEM Dimensional Emrg MRKT Core | 1.96% | 230,304 | $7.6M | Add +1.3% |
| VTIP Vanguard Short-Term Tips | 1.96% | 153,383 | $7.6M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.94% | 24,108 | $7.5M | Add +5.6% |
| JPM JPMorgan Chase & Co. | 1.92% | 23,124 | $7.5M | Reduce -3.6% |
| SCHX Schwab US Large-Cap ETF | 1.84% | 265,860 | $7.2M | Reduce -5.0% |
| VEA Vanguard Ftse Developed ETF | 1.82% | 113,158 | $7.1M | Add +5.2% |
| MSFT Microsoft Corp. | 1.80% | 14,470 | $7.0M | Reduce -1.7% |
| TSLA Tesla Inc. | 1.77% | 15,231 | $6.8M | Reduce -5.5% |
| DFSV Dimensional US Small Cap Val | 1.68% | 197,631 | $6.5M | Add +9.6% |
| NVDA Nvidia Corp. | 1.57% | 32,614 | $6.1M | Reduce -3.5% |
| DFUV Dimensional US Marketwide Va | 1.57% | 130,449 | $6.1M | Reduce -1.7% |
| JPST JPMorgan Ultra-Short Income | 1.45% | 111,329 | $5.6M | Reduce -11.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 9,512 | $4.8M | Add +1.0% |
| DFAR Dimensional US Real Est ETF | 1.22% | 206,004 | $4.7M | Add +1.5% |
| DFAX Dimensional World Ex US Core | 1.20% | 142,641 | $4.7M | Add +0.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.17% | 85,794 | $4.5M | Add +3.5% |
| VOO Vanguard S&P 500 ETF | 1.15% | 7,102 | $4.5M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 1.14% | 6,691 | $4.4M | Reduce -0.8% |
| VXUS Vanguard Total Intl Stock | 1.14% | 58,427 | $4.4M | Reduce -1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.10% | 8,755 | $4.3M | Reduce -3.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.09% | 14,599 | $4.2M | Reduce -2.4% |
| DFLV Dim US Large Cap Value ETF | 1.09% | 123,114 | $4.2M | Add +10.4% |
| SCHD Schwab US DVD Equity ETF | 1.02% | 143,660 | $3.9M | Reduce -0.7% |
| AVGO Broadcom Inc. | 1.01% | 11,283 | $3.9M | Reduce -8.3% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.96% | 81,424 | $3.7M | Add +2.8% |
| GLD SPDR Gold Shares | 0.95% | 9,316 | $3.7M | Reduce -1.8% |
| LRCX Lam Research Corp. | 0.94% | 21,357 | $3.7M | Reduce -2.6% |
| DISV Dimensional International SM | 0.94% | 95,579 | $3.6M | Add +2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.87% | 13,037 | $3.4M | Reduce -2.0% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.74% | 28,807 | $2.9M | Reduce -7.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.62% | 11,326 | $2.4M | Reduce -2.0% |
| GLDM SPDR Gold Minishares Trust | 0.61% | 27,818 | $2.4M | Reduce -8.0% |
| AMZN Amazon.com Inc. | 0.60% | 10,036 | $2.3M | Reduce -1.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.54% | 10,993 | $2.1M | Reduce -1.2% |
| AVDV Avantis Intl S/C Value ETF | 0.53% | 21,975 | $2.1M | Reduce -1.7% |
| DFAE Dimensional Emerging Core Eq | 0.52% | 62,223 | $2.0M | Reduce -5.2% |
| CSCO Cisco Systems Inc. | 0.49% | 24,703 | $1.9M | Add +5.9% |
| SCHB Schwab US Broad Market ETF | 0.47% | 69,226 | $1.8M | Reduce -9.3% |
| WPC WP Carey Inc. | 0.46% | 27,997 | $1.8M | Reduce -0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.46% | 5,884 | $1.8M | Add +6.2% |
| VNQ Vanguard Real Estate ETF | 0.44% | 19,401 | $1.7M | Add +9.9% |
| SLV iShares Silver Trust | 0.41% | 24,713 | $1.6M | Reduce -3.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.41% | 21,422 | $1.6M | Reduce -4.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 13,342 | $1.5M | Add +123.8% |
| AVMC Avantis US Mid Cap Eq ETF | 0.37% | 20,107 | $1.4M | Add +30.4% |
| CVX Chevron Corp. | 0.36% | 9,268 | $1.4M | Reduce -2.8% |
| IWM iShares Russell 2000 ETF | 0.36% | 5,664 | $1.4M | Reduce -5.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 4,065 | $1.4M | Reduce -2.3% |
| AVUV Avantis US Small Cap Value | 0.34% | 13,078 | $1.3M | Reduce -3.1% |
| SCHA Schwab US Small-Cap ETF | 0.33% | 45,542 | $1.3M | Add +5.3% |
| SCHV Schwab US Large-Cap Value | 0.32% | 42,527 | $1.3M | Reduce -0.4% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 5,530 | $1.2M | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 21,638 | $1.2M | Reduce -1.9% |
| AMD Advanced Micro Devices | 0.30% | 5,453 | $1.2M | Reduce -30.7% |
| JNJ Johnson & Johnson | 0.29% | 5,429 | $1.1M | Add +0.1% |
| QCOM Qualcomm Inc. | 0.29% | 6,535 | $1.1M | Reduce -14.7% |
| FEZ State Street SPDR Euro Stoxx | 0.27% | 15,979 | $1.0M | Reduce -12.1% |
| AMGN Amgen Inc. | 0.26% | 3,089 | $1.0M | Add +0.1% |
| DFAC Dimensional US Core Equity 2 | 0.25% | 24,803 | $982K | Add +1.1% |
| SGOV iShares 0-3 Month Treasury B | 0.25% | 9,653 | $969K | New |
| V Visa Inc. Class A | 0.24% | 2,629 | $922K | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 1,497 | $920K | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 0.23% | 2,818 | $884K | No change |
| INTU Intuit Inc. | 0.23% | 1,326 | $879K | Add +86.2% |
| SCHH Schwab US REIT ETF | 0.22% | 41,777 | $873K | Reduce -0.6% |
| IBDX iShares Ibonds Dec 2032 TC | 0.22% | 33,824 | $864K | Add +3.6% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.22% | 40,801 | $863K | Add +3.6% |
| XLP SS Consumer Staples Sel Sect | 0.22% | 11,053 | $859K | Add +0.0% |
| BSV Vanguard Short-Term Bond ETF | 0.22% | 10,666 | $841K | Add +15.3% |
| LMT Lockheed Martin Corp. | 0.22% | 1,726 | $835K | Reduce -5.2% |
| HD Home Depot Inc. | 0.21% | 2,362 | $813K | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.21% | 939 | $810K | Add +0.5% |
| VHT Vanguard Health Care ETF | 0.20% | 2,756 | $793K | Add +2.5% |
| DFIC Dimensional International Co. | 0.20% | 22,962 | $791K | No change |
| VYM Vanguard High DVD Yield ETF | 0.20% | 5,377 | $772K | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 6,328 | $761K | Add +0.0% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 13,480 | $725K | Reduce -11.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.18% | 30,184 | $705K | Reduce -3.0% |
| BX Blackstone Inc. | 0.17% | 4,390 | $677K | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.17% | 29,999 | $662K | Add +1.9% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 5,352 | $660K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 949 | $647K | Reduce -1.6% |
| CAT Caterpillar Inc. | 0.17% | 1,120 | $641K | Reduce -0.4% |
| NFLX Netflix Inc. | 0.16% | 6,580 | $617K | Reduce -1.8% |
| DFAI Dimensional International Co. | 0.15% | 15,771 | $601K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 2,015 | $597K | Add +0.6% |
| SPSB SS SPDR P St C Corp. ETF | 0.15% | 19,425 | $587K | Reduce -2.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.15% | 6,545 | $586K | Add +3.2% |
| WFC Wells Fargo & Co. | 0.14% | 6,016 | $561K | Add +26.1% |
| SCHP Schwab U.S. Tips ETF | 0.14% | 20,703 | $548K | Reduce -0.6% |
Portfolio Sells Q3 2025 → Q4 2025
| JPST JPMorgan Ultra-Short Income | Reduce -11.8% | 1.45% | −0.27 |
| MSFT Microsoft Corp. | Reduce -1.7% | 1.80% | −0.24 |
| IVV iShares Core S&P 500 ETF | Reduce -0.7% | 9.20% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 1.14% | −0.19 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -6.2% | 2.05% | −0.17 |
| TSLA Tesla Inc. | Reduce -5.5% | 1.77% | −0.16 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.8% | 3.69% | −0.15 |
| VTIP Vanguard Short-Term Tips | Reduce -0.7% | 1.96% | −0.14 |
| SCHX Schwab US Large-Cap ETF | Reduce -5.0% | 1.84% | −0.13 |
| NVDA Nvidia Corp. | Reduce -3.5% | 1.57% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 1.92% | −0.11 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.7% | 2.45% | −0.11 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -7.5% | 0.74% | −0.09 |
| POWR iShares US Power Infrastruct | Sold out | 0.00% | −0.09 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.4% | 1.09% | −0.09 |
| AVGO Broadcom Inc. | Reduce -8.3% | 1.01% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -4.7% | 1.15% | −0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.1% | 1.10% | −0.06 |
| SCHB Schwab US Broad Market ETF | Reduce -9.3% | 0.47% | −0.06 |
| NFLX Netflix Inc. | Reduce -1.8% | 0.16% | −0.06 |
| SCHF Schwab Intl Equity ETF | Reduce -1.3% | 2.78% | −0.06 |
| SO The Southern Co. | Sold out | 0.00% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -14.7% | 0.29% | −0.05 |
| HD Home Depot Inc. | Reduce -0.9% | 0.21% | −0.05 |
| WPC WP Carey Inc. | Reduce -0.7% | 0.46% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.7% | 1.02% | −0.04 |
| AMD Advanced Micro Devices | Reduce -30.7% | 0.30% | −0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.0% | 0.87% | −0.04 |
| FEZ State Street SPDR Euro Stoxx | Reduce -12.1% | 0.27% | −0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -1.9% | 1.14% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.9% | 0.19% | −0.04 |
| CVX Chevron Corp. | Reduce -2.8% | 0.36% | −0.03 |
| DFAE Dimensional Emerging Core Eq | Reduce -5.2% | 0.52% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -5.8% | 0.36% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -5.2% | 0.22% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.0% | 0.62% | −0.03 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -11.0% | 0.14% | −0.02 |
| DFUV Dimensional US Marketwide Va | Reduce -1.7% | 1.57% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.3% | 0.41% | −0.02 |
| PFE Pfizer Inc. | Reduce -19.3% | 0.07% | −0.02 |
| OFIX Orthofix Medical Inc. | Reduce -25.0% | 0.06% | −0.02 |
| SCHH Schwab US REIT ETF | Reduce -0.6% | 0.22% | −0.02 |
| AVUV Avantis US Small Cap Value | Reduce -3.1% | 0.34% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.2% | 0.54% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.3% | 0.35% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -3.0% | 0.18% | −0.01 |
| JMST JPM Ultra-Short Muni Income | Reduce -4.5% | 0.13% | −0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -10.5% | 0.07% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.9% | 0.24% | −0.01 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -2.5% | 0.15% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| DFGP Dimensional GLBL Core PL Fix | Add +94.3% | 2.29% | +1.03 |
| GOOGL Alphabet Inc. Class A | Add +5.6% | 1.94% | +0.46 |
| SGOV iShares 0-3 Month Treasury B | New | 0.25% | +0.25 |
| BNY Bank of New York Mellon Corp. | Add +123.8% | 0.40% | +0.23 |
| DFSV Dimensional US Small Cap Val | Add +9.6% | 1.68% | +0.14 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +7.4% | 3.53% | +0.10 |
| NEM Newmont Corp. | New | 0.10% | +0.10 |
| DFLV Dim US Large Cap Value ETF | Add +10.4% | 1.09% | +0.10 |
| INTU Intuit Inc. | Add +86.2% | 0.23% | +0.10 |
| VEA Vanguard Ftse Developed ETF | Add +5.2% | 1.82% | +0.09 |
| AVMC Avantis US Mid Cap Eq ETF | Add +30.4% | 0.37% | +0.08 |
| DGCB Dimensional Global Credit | New | 0.07% | +0.07 |
| CFG Citizens Financial Group | New | 0.07% | +0.07 |
| LLY Eli Lilly & Co. | New | 0.07% | +0.07 |
| CSCO Cisco Systems Inc. | Add +5.9% | 0.49% | +0.06 |
| ISRG Intuitive Surgical Inc. | New | 0.06% | +0.06 |
| BUFR FT Vest Lad Buffervetf-Usd I | New | 0.06% | +0.06 |
| DFAU Dimensional US Core Equity M | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| MAR Marriott International Class A | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.2% | 0.46% | +0.05 |
| DISV Dimensional International SM | Add +2.2% | 0.94% | +0.04 |
| WFC Wells Fargo & Co. | Add +26.1% | 0.14% | +0.04 |
| AMGN Amgen Inc. | Add +0.1% | 0.26% | +0.03 |
| SCHO Schwab Short-Term US Treas | Add +36.9% | 0.10% | +0.02 |
| ORCL Oracle Corp. | Add +92.6% | 0.10% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | Add +15.3% | 0.22% | +0.02 |
| JNJ Johnson & Johnson | Add +0.1% | 0.29% | +0.02 |
| VHT Vanguard Health Care ETF | Add +2.5% | 0.20% | +0.02 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +19.6% | 0.11% | +0.01 |
| DFAX Dimensional World Ex US Core | Add +0.8% | 1.20% | +0.01 |
| SBUX Starbucks Corp. | Add +23.7% | 0.09% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +9.4% | 0.08% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +5.3% | 0.33% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +9.9% | 0.44% | +0.01 |
| CEG Constellation Energy | Add +4.6% | 0.12% | +0.01 |
| DFEM Dimensional Emrg MRKT Core | Add +1.3% | 1.96% | +0.01 |
| CRM Salesforce Inc. | Add +0.3% | 0.09% | +0.01 |
| AXP American Express Co. | Add +0.1% | 0.07% | +0.00 |
| BA The Boeing Co. | Add +7.9% | 0.10% | +0.00 |
| RTX RTX Corp. | Add +0.2% | 0.06% | +0.00 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +6.8% | 0.12% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.2% | 0.15% | +0.00 |
| IBM Intl Business Machines Corp. | Add +0.6% | 0.15% | +0.00 |
| TJX TJX Companies Inc. | Add +0.9% | 0.06% | +0.00 |
| DFAC Dimensional US Core Equity 2 | Add +1.1% | 0.25% | −0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +4.8% | 0.08% | −0.00 |
| IBDX iShares Ibonds Dec 2032 TC | Add +3.6% | 0.22% | −0.00 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +3.6% | 0.22% | −0.00 |
| XLF SS Financial Select Sector | Add +0.0% | 0.11% | −0.00 |
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 |