Greenline Partners, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Greenline Partners, LLC reported 143 stock positions worth $742.0 million. Its top holding was SPDR Gold Minishares Trust (GLDM) at 7.8% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 7.1%) and Vanguard Total Intl Stock (VXUS, 4.8%). Compared with Q1 2025, it opened 7 new positions, sold out of 447, added to 66 and reduced 47. The biggest buy was iShares MSCI Global Metals & (PICK, shares +147%) and the biggest sale SPDR Gold Minishares Trust (GLDM, shares −23%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001697323
Portfolio Value
$742.0M (Q2 2025)
SEC Filing
0001636587-25-000042 ↗ filed Aug 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $627.4M Q1 2024 Q2 2024: $657.1M Q2 2024 Q3 2024: $698.8M Q3 2024 Q4 2024: $714.5M Q4 2024 Q1 2025: $692.1M Q1 2025 Q2 2025: $742.0M $742.0M Q2 2025 Q3 2025: $822.9M Q3 2025 Q4 2025: $874.1M Q4 2025 Q1 2026: $930.3M Q1 2026 Q2 2026: $983.0M Q2 2026

Holdings 143 stocks · $742.0M
GLDM SPDR Gold Minishares Trust 7.79% 882,743 $57.8M Reduce -23.2%
VTI VG Morningstar TS MKT ETF-US 7.08% 172,768 $52.5M Add +48704.5%
VXUS Vanguard Total Intl Stock 4.76% 510,857 $35.3M Add +16.6%
AVDV Avantis Intl S/C Value ETF 3.69% 345,835 $27.4M Reduce -7.5%
BRK.B Berkshire Hathaway Inc. Class B 3.69% 56,430 $27.4M Add +12.8%
AVUV Avantis US Small Cap Value 3.19% 259,668 $23.7M Reduce -5.3%
VWO Vanguard Ftse Emerging Marke 2.98% 447,399 $22.1M Add +0.0%
PICK iShares MSCI Global Metals & 2.81% 555,538 $20.9M Add +147.3%
VPL Vanguard Ftse Pacific ETF 2.80% 252,751 $20.8M No change
SCHP Schwab U.S. Tips ETF 2.54% 706,817 $18.9M Add +11.9%
LNG Cheniere Energy Inc. 2.32% 70,791 $17.2M Add +2.8%
ENB Enbridge Inc. 2.04% 334,760 $15.2M Reduce -1.8%
TRP TC Energy Corp. 2.00% 303,967 $14.8M Reduce -0.4%
VGK Vanguard Ftse Europe ETF 1.98% 190,011 $14.7M Add +1.3%
GOOG Alphabet Inc. Class C 1.74% 72,934 $12.9M Add +33.3%
MSFT Microsoft Corp. 1.69% 25,221 $12.5M Add +30.7%
VDE Vanguard Energy ETF 1.60% 99,939 $11.9M Reduce -0.3%
DFSV Dimensional US Small Cap Val 1.50% 378,850 $11.1M Add +62313.5%
AAPL Apple Inc. 1.43% 51,719 $10.6M Add +12.3%
STIP iShares 0-5 Year Tips Bond E 1.42% 102,109 $10.5M Reduce -14.1%
SCCO Southern Copper Corp. 1.39% 101,715 $10.3M Add +3.9%
WMB Williams Cos Inc. 1.32% 155,567 $9.8M Reduce -4.1%
AMZN Amazon.com Inc. 1.30% 43,913 $9.6M Add +16.8%
META Meta Platforms Inc. Class A 1.30% 13,045 $9.6M Reduce -6.3%
VOO Vanguard S&P 500 ETF 1.25% 16,300 $9.3M Add +492.7%
IAU iShares Gold Trust 1.09% 129,145 $8.1M Reduce -0.7%
SCHO Schwab Short-Term US Treas 1.03% 313,081 $7.6M Add +681.9%
DISV Dimensional International SM 0.99% 222,934 $7.3M Add +10376.2%
MKL Markel Group Inc. 0.98% 3,636 $7.3M Add +1.9%
CACC Credit Acceptance Corp. 0.92% 13,414 $6.8M Add +1.8%
V Visa Inc. Class A 0.86% 17,893 $6.4M Add +1.5%
PAYC Paycom Software Inc. 0.82% 26,205 $6.1M Reduce -0.8%
VPU Vanguard Utilities ETF 0.79% 33,185 $5.9M Reduce -5.7%
WMT Walmart Inc. 0.79% 59,673 $5.8M Add +1.2%
VDC Vanguard Consumer Staple ETF 0.74% 25,147 $5.5M Reduce -4.0%
MA Mastercard Inc. Class A 0.74% 9,722 $5.5M Add +0.5%
RIO Rio Tinto PLC-Spon ADR 0.68% 86,586 $5.1M Reduce -38.8%
JNJ Johnson & Johnson 0.63% 30,589 $4.7M Add +0.7%
IWV iShares Russell 3000 ETF 0.63% 13,244 $4.6M No change
FCX Freeport-McMoran Inc. 0.62% 105,889 $4.6M Add +4.5%
HD Home Depot Inc. 0.62% 12,502 $4.6M Add +0.2%
IBDR iShares Ibonds Dec 2026 Term 0.61% 185,677 $4.5M New
CNQ Canadian Natural Resources 0.60% 142,886 $4.5M No change
BLK BlackRock Inc. 0.59% 4,177 $4.4M No change
JPM JPMorgan Chase & Co. 0.58% 14,816 $4.3M Add +3.8%
VT Vanguard Tot World STK ETF 0.56% 32,336 $4.2M Add +0.1%
IUSG iShares Core S&P U.S. Growth 0.56% 27,574 $4.1M Add +25.3%
BHP BHP Group Ltd.-Spon ADR 0.53% 81,501 $3.9M Reduce -51.6%
CVX Chevron Corp. 0.52% 27,101 $3.9M Add +1.6%
COP Conocophillips 0.52% 43,241 $3.9M Reduce -4.0%
SCHR Schwab Intermediate-Term US 0.52% 152,684 $3.8M Add +6230.2%
IBDQ iShares Ibonds Dec 2025 Term 0.51% 149,018 $3.8M New
VCSH Vanguard S/T Corp. Bond ETF 0.50% 46,520 $3.7M Add +0.5%
CB Chubb Ltd. 0.50% 12,765 $3.7M Add +198.1%
IAUM iShares Gold Trust Micro 0.49% 109,311 $3.6M Reduce -1.8%
IUSV iShares Core S&P U.S. Value 0.45% 35,658 $3.4M Add +190.2%
ALB Albemarle Corp. 0.45% 53,291 $3.3M Reduce -3.9%
DE Deere & Co. 0.41% 6,017 $3.1M Add +0.7%
COST Costco Wholesale Corp. 0.40% 2,967 $2.9M Add +1.0%
VBIL Vanguard 0-3M T-Bill ETF 0.39% 38,679 $2.9M New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.39% 39,323 $2.9M Add +103.5%
SPIP SS SPDR P Tips ETF 0.38% 109,394 $2.9M Reduce -5.3%
XME SS SPDR S&P Metals Mining 0.38% 41,840 $2.8M Add +8.0%
TTE Totalenergies SE -Spon ADR 0.36% 43,700 $2.7M Add +0.4%
XBI SS SPDR S&P Biotech ETF 0.32% 28,711 $2.4M No change
GOVT iShares US Treasury Bond ETF 0.32% 103,204 $2.4M Reduce -31.6%
VALE Vale SA-SP ADR 0.32% 243,428 $2.4M Reduce -59.4%
XLE SS Energy Select Sector 0.32% 27,599 $2.3M Add +47.6%
XOM Exxon Mobil Corp. 0.31% 21,308 $2.3M Add +5.0%
SCHW Schwab (charles) Corp. 0.31% 25,066 $2.3M Add +3.0%
NVDA Nvidia Corp. 0.30% 14,224 $2.2M Add +456.3%
PKX Posco Holdings Inc. -Spon ADR 0.29% 44,730 $2.2M Reduce -8.8%
EPD Enterprise Products Partners 0.29% 69,022 $2.1M Add +8.9%
IBB iShares Biotechnology ETF 0.29% 16,847 $2.1M No change
UNH Unitedhealth Group Inc. 0.28% 6,738 $2.1M Reduce -0.0%
EFA iShares MSCI Eafe ETF 0.25% 20,948 $1.9M Add +5639.2%
ADP Automatic Data Processing 0.25% 5,974 $1.8M Add +0.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.23% 50,422 $1.7M Add +1.7%
KKR KKR & Co. Inc. 0.23% 12,783 $1.7M New
WPM Wheaton Precious Metals Corp. 0.23% 18,742 $1.7M Add +31.5%
FNV Franco-Nevada Corp. 0.21% 9,719 $1.6M Add +18.4%
GLD SPDR Gold Shares 0.21% 5,049 $1.5M Add +0.3%
LTPZ PIMCO 15+ YR US Tips Indx 0.19% 27,208 $1.4M New
INTC Intel Corp. 0.19% 62,672 $1.4M Reduce -7.2%
AMGN Amgen Inc. 0.19% 4,929 $1.4M Reduce -60.1%
SOBO South Bow Corp. 0.18% 52,206 $1.4M Reduce -6.6%
PFE Pfizer Inc. 0.18% 54,647 $1.3M Reduce -1.2%
GS Goldman Sachs Group Inc. 0.17% 1,826 $1.3M No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.17% 42,703 $1.3M Add +20.0%
EOG EOG Resources Inc. 0.17% 10,644 $1.3M No change
VEA Vanguard Ftse Developed ETF 0.16% 20,601 $1.2M No change
RGLD Royal Gold Inc. 0.16% 6,603 $1.2M Add +28.6%
PG The Procter & Gamble Co. 0.15% 6,802 $1.1M Reduce -5.2%
IXUS iShares Core Intl Stock ETF 0.13% 12,475 $964K Reduce -19.9%
IEMG iShares Core MSCI Emerging 0.13% 16,030 $962K Reduce -30.1%
BKNG Booking Holdings Inc. 0.13% 163 $944K No change
ADM Archer-Daniels-Midland Co. 0.13% 17,844 $942K Add +2.5%
NVR NVR Inc. 0.12% 125 $923K New
SCHF Schwab Intl Equity ETF 0.12% 40,100 $886K Reduce -74.0%
EBAY eBay Inc. 0.12% 11,627 $866K No change
UPS United Parcel Service Class B 0.12% 8,571 $865K Reduce -16.5%
LPLA LPL Financial Holdings Inc. 0.11% 2,266 $850K No change
SU Suncor Energy Inc. 0.11% 21,224 $795K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.10% 2,750 $770K Add +310.4%
T AT&T Inc. 0.10% 26,136 $756K Add +16.8%
MPLX MPLX LP 0.10% 14,527 $748K Add +43.6%
PM Philip Morris International 0.09% 3,666 $668K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 13,380 $633K Reduce -31.8%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.08% 2,784 $626K Reduce -3.3%
HES Hess Corp. 0.08% 4,298 $595K No change
SCHB Schwab US Broad Market ETF 0.08% 24,697 $589K Reduce -88.6%
LOW Lowe's Cos Inc. 0.07% 2,424 $538K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.07% 2,728 $532K Reduce -43.2%
CAT Caterpillar Inc. 0.07% 1,242 $482K No change
SRE Sempra 0.06% 6,214 $471K Add +1.3%
NEM Newmont Corp. 0.06% 8,041 $468K Reduce -21.2%
SGOV iShares 0-3 Month Treasury B 0.06% 4,606 $464K Reduce -92.3%
AEM Agnico Eagle Mines Ltd. 0.06% 3,589 $427K Reduce -14.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 3,432 $424K Add +3.5%
HDV iShares Core High Dividend E 0.06% 3,496 $410K No change
VHT Vanguard Health Care ETF 0.05% 1,578 $392K Reduce -84.2%
GOOGL Alphabet Inc. Class A 0.05% 2,185 $385K Add +446.3%
B Barrick Mining Corp. 0.05% 18,013 $375K Reduce -28.1%
OXY Occidental Petroleum Corp. 0.05% 8,085 $340K Add +3.6%
VIG Vanguard Dividend Apprec ETF 0.04% 1,624 $332K No change
PAA Plains All Amer Pipeline LP 0.04% 18,133 $332K Add +60.8%
ET Energy Transfer LP 0.04% 17,698 $321K Add +62.0%
SMH Vaneck Semiconductor ETF 0.04% 1,147 $320K New
MO Altria Group Inc. 0.04% 5,417 $318K Reduce -0.9%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.04% 8,444 $298K Add +201.1%
MRK Merck & Co. Inc. 0.04% 3,693 $292K Reduce -0.3%
HON Honeywell International Inc. 0.04% 1,253 $292K Reduce -87.9%
UNP Union Pacific Corp. 0.04% 1,218 $280K Add +2.5%
VYM Vanguard High DVD Yield ETF 0.04% 2,092 $279K Add +0.1%
DFAT Dimensional US Target Value 0.04% 5,073 $274K Reduce -12.2%
XLP SS Consumer Staples Sel Sect 0.03% 3,188 $258K No change
KMX Carmax Inc. 0.03% 3,769 $253K Reduce -0.1%
SHEL Shell PLC-ADR 0.03% 3,539 $249K Add +3.2%
VRSN Verisign Inc. 0.03% 833 $241K No change
SGOL Abrdn Physical Gold Shares 0.03% 7,056 $223K Reduce -8.4%
ISRG Intuitive Surgical Inc. 0.03% 405 $220K No change
BP BP PLC-Spons ADR 0.03% 7,263 $217K No change
IBIT iShares Bitcoin Trust ETF 0.03% 3,348 $205K Add +13.7%

Portfolio Sells Q1 2025 → Q2 2025
GLDM SPDR Gold Minishares Trust Reduce -23.2% 7.79% −2.49
SGOV iShares 0-3 Month Treasury B Reduce -92.3% 0.06% −0.81
BHP BHP Group Ltd.-Spon ADR Reduce -51.6% 0.53% −0.65
RIO Rio Tinto PLC-Spon ADR Reduce -38.8% 0.68% −0.55
VALE Vale SA-SP ADR Reduce -59.4% 0.32% −0.55
AMGN Amgen Inc. Reduce -60.1% 0.19% −0.37
STIP iShares 0-5 Year Tips Bond E Reduce -14.1% 1.42% −0.36
VHT Vanguard Health Care ETF Reduce -84.2% 0.05% −0.33
MDT Medtronic PLC Sold out 0.00% −0.30
CSCO Cisco Systems Inc. Sold out 0.00% −0.29
HON Honeywell International Inc. Reduce -87.9% 0.04% −0.28
VDE Vanguard Energy ETF Reduce -0.3% 1.60% −0.27
AVUV Avantis US Small Cap Value Reduce -5.3% 3.19% −0.27
UNH Unitedhealth Group Inc. Reduce -0.0% 0.28% −0.23
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.20
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -43.2% 0.07% −0.18
GOVT iShares US Treasury Bond ETF Reduce -31.6% 0.32% −0.18
COP Conocophillips Reduce -4.0% 0.52% −0.16
ENB Enbridge Inc. Reduce -1.8% 2.04% −0.14
ALB Albemarle Corp. Reduce -3.9% 0.45% −0.13
VDC Vanguard Consumer Staple ETF Reduce -4.0% 0.74% −0.09
WMB Williams Cos Inc. Reduce -4.1% 1.32% −0.08
TRP TC Energy Corp. Reduce -0.4% 2.00% −0.08
VPU Vanguard Utilities ETF Reduce -5.7% 0.79% −0.08
DG Dollar General Corp. Sold out 0.00% −0.08
AVDV Avantis Intl S/C Value ETF Reduce -7.5% 3.69% −0.07
ABBV Abbvie Inc. Sold out 0.00% −0.06
SPIP SS SPDR P Tips ETF Reduce -5.3% 0.38% −0.06
IEMG iShares Core MSCI Emerging Reduce -30.1% 0.13% −0.05
UPS United Parcel Service Class B Reduce -16.5% 0.12% −0.05
PKX Posco Holdings Inc. -Spon ADR Reduce -8.8% 0.29% −0.04
MCD McDonald's Corp. Sold out 0.00% −0.04
PEP Pepsico Inc. Sold out 0.00% −0.03
DUK Duke Energy Corp. Sold out 0.00% −0.03
BAC Bank of America Corp. Reduce -31.8% 0.09% −0.03
INTC Intel Corp. Reduce -7.2% 0.19% −0.03
PG The Procter & Gamble Co. Reduce -5.2% 0.15% −0.03
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.03
ABT Abbott Laboratories Sold out 0.00% −0.03
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.02
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.02
PFE Pfizer Inc. Reduce -1.2% 0.18% −0.02
SOBO South Bow Corp. Reduce -6.6% 0.18% −0.02
KGC Kinross Gold Corp. Sold out 0.00% −0.02
SO The Southern Co. Sold out 0.00% −0.02
IAU iShares Gold Trust Reduce -0.7% 1.09% −0.02
DIS The Walt Disney Co. Sold out 0.00% −0.02
FLKR Franklin Ftse South Korea Sold out 0.00% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.02
B Barrick Mining Corp. Reduce -28.1% 0.05% −0.02

Portfolio Buys Q1 2025 → Q2 2025
PICK iShares MSCI Global Metals & Add +147.3% 2.81% +1.65
DFSV Dimensional US Small Cap Val Add +62313.5% 1.50% +1.50
DISV Dimensional International SM Add +10376.2% 0.99% +0.99
VOO Vanguard S&P 500 ETF Add +492.7% 1.25% +0.89
VXUS Vanguard Total Intl Stock Add +16.6% 4.76% +0.82
MSFT Microsoft Corp. Add +30.7% 1.69% +0.64
IBDR iShares Ibonds Dec 2026 Term New 0.61% +0.61
GOOG Alphabet Inc. Class C Add +33.3% 1.74% +0.51
IBDQ iShares Ibonds Dec 2025 Term New 0.51% +0.51
VBIL Vanguard 0-3M T-Bill ETF New 0.39% +0.39
CB Chubb Ltd. Add +198.1% 0.50% +0.31
SCHO Schwab Short-Term US Treas Add +681.9% 1.03% +0.27
AMZN Amazon.com Inc. Add +16.8% 1.30% +0.26
NVDA Nvidia Corp. Add +456.3% 0.30% +0.26
KKR KKR & Co. Inc. New 0.23% +0.23
LTPZ PIMCO 15+ YR US Tips Indx New 0.19% +0.19
WRB WR Berkley Corp. Add +103.5% 0.39% +0.19
NVR NVR Inc. New 0.12% +0.12
VGK Vanguard Ftse Europe ETF Add +1.3% 1.98% +0.08
JPM JPMorgan Chase & Co. Add +3.8% 0.58% +0.07
WPM Wheaton Precious Metals Corp. Add +31.5% 0.23% +0.07
XME SS SPDR S&P Metals Mining Add +8.0% 0.38% +0.07
SCCO Southern Copper Corp. Add +3.9% 1.39% +0.07
FCX Freeport-McMoran Inc. Add +4.5% 0.62% +0.06
XLE SS Energy Select Sector Add +47.6% 0.32% +0.06
VWO Vanguard Ftse Emerging Marke Add +0.0% 2.98% +0.06
IUSG iShares Core S&P U.S. Growth Add +25.3% 0.56% +0.05
SMH Vaneck Semiconductor ETF New 0.04% +0.04
GOOGL Alphabet Inc. Class A Add +446.3% 0.05% +0.04
WMT Walmart Inc. Add +1.2% 0.79% +0.04
RGLD Royal Gold Inc. Add +28.6% 0.16% +0.04
SCHW Schwab (charles) Corp. Add +3.0% 0.31% +0.03
FNV Franco-Nevada Corp. Add +18.4% 0.21% +0.03
SQM Quimica Y Minera Chil-SP ADR Add +201.1% 0.04% +0.02
MPLX MPLX LP Add +43.6% 0.10% +0.02
LNG Cheniere Energy Inc. Add +2.8% 2.32% +0.02
VT Vanguard Tot World STK ETF Add +0.1% 0.56% +0.02
MKL Markel Group Inc. Add +1.9% 0.98% +0.02
ET Energy Transfer LP Add +62.0% 0.04% +0.01
PAA Plains All Amer Pipeline LP Add +60.8% 0.04% +0.01
T AT&T Inc. Add +16.8% 0.10% +0.01
IBIT iShares Bitcoin Trust ETF Add +13.7% 0.03% +0.01
DE Deere & Co. Add +0.7% 0.41% +0.01
ADM Archer-Daniels-Midland Co. Add +2.5% 0.13% +0.01
EFA iShares MSCI Eafe ETF Add +5639.2% 0.25% +0.00
SCHE Schwab Emrg Mrkts Eqty ETF Add +20.0% 0.17% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +310.4% 0.10% +0.00
SRE Sempra Add +1.3% 0.06% +0.00
TJX TJX Companies Inc. Add +3.5% 0.06% −0.00
VYM Vanguard High DVD Yield ETF Add +0.1% 0.04% −0.00

Notes & Other Activity Q1 2025 → Q2 2025
BF.B Brown-Forman Corp. Class B CL B Sold out 0 $0before exit
ES Eversource Energy COM Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 149$983.0MVXUS, VTI, AVDV, AVUV, GLDM
Q1 2026 144$930.3MVXUS, VTI, GLDM, AVDV, AVUV
Q4 2025 149$874.1MVTI, GLDM, VXUS, AVDV, BRK.B
Q3 2025 144$822.9MGLDM, VTI, VXUS, AVDV, BRK.B
Q2 2025 143$742.0MGLDM, VTI, VXUS, AVDV, BRK.B
Q1 2025 583$692.1MGLDM, VTI, VXUS, BRK.B, AVDV
Q4 2024 241$714.5MGLDM, VTI, SCHP, VXUS, BRK.B
Q3 2024 137$698.8MGLDM, VTI, SCHP, BRK.B, VXUS
Q2 2024 131$657.1MGLDM, SCHP, VTI, BRK.B, STIP
Q1 2024 123$627.4MGLDM, SCHO, VTI, STIP, VPL