Greenline Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 17, 2025), Greenline Partners, LLC reported 144 stock positions worth $822.9 million. Its top holding was SPDR Gold Minishares Trust (GLDM) at 6.8% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 6.8%) and Vanguard Total Intl Stock (VXUS, 5.0%). Compared with Q2 2025, it opened 8 new positions, sold out of 7, added to 52 and reduced 42. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +446%) and the biggest sale SPDR Gold Minishares Trust (GLDM, shares −17%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001697323
Portfolio Value
$822.9M (Q3 2025)
SEC Filing
0001636587-25-000061 ↗ filed Nov 17, 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 Q2 2025 Q3 2025: $822.9M $822.9M Q3 2025 Q4 2025: $874.1M Q4 2025 Q1 2026: $930.3M Q1 2026 Q2 2026: $983.0M Q2 2026

Holdings 144 stocks · $822.9M
GLDM SPDR Gold Minishares Trust 6.84% 736,637 $56.3M Reduce -16.6%
VTI VG Morningstar TS MKT ETF-US 6.83% 171,204 $56.2M Reduce -0.9%
VXUS Vanguard Total Intl Stock 5.05% 565,628 $41.6M Add +10.7%
AVDV Avantis Intl S/C Value ETF 4.01% 370,839 $33.0M Add +7.2%
BRK.B Berkshire Hathaway Inc. Class B 3.90% 63,761 $32.1M Add +13.0%
AVUV Avantis US Small Cap Value 3.52% 290,797 $28.9M Add +12.0%
VWO Vanguard Ftse Emerging Marke 2.95% 447,405 $24.2M Add +0.0%
PICK iShares MSCI Global Metals & 2.82% 522,357 $23.2M Reduce -6.0%
VPL Vanguard Ftse Pacific ETF 2.70% 252,751 $22.2M No change
GOOG Alphabet Inc. Class C 2.17% 73,319 $17.9M Add +0.5%
ENB Enbridge Inc. 2.13% 346,725 $17.5M Add +3.6%
LNG Cheniere Energy Inc. 2.08% 73,009 $17.2M Add +3.1%
TRP TC Energy Corp. 2.08% 314,303 $17.1M Add +3.4%
SCHP Schwab U.S. Tips ETF 2.05% 626,761 $16.9M Reduce -11.3%
VBIL Vanguard 0-3M T-Bill ETF 1.94% 211,314 $16.0M Add +446.3%
VGK Vanguard Ftse Europe ETF 1.86% 191,979 $15.3M Add +1.0%
VDE Vanguard Energy ETF 1.64% 107,145 $13.5M Add +7.2%
SCCO Southern Copper Corp. 1.59% 107,906 $13.1M Add +6.1%
AAPL Apple Inc. 1.59% 51,224 $13.0M Reduce -1.0%
MSFT Microsoft Corp. 1.53% 24,326 $12.6M Reduce -3.5%
VOO Vanguard S&P 500 ETF 1.52% 20,433 $12.5M Add +25.4%
DFSV Dimensional US Small Cap Val 1.50% 386,604 $12.3M Add +2.0%
STIP iShares 0-5 Year Tips Bond E 1.28% 101,674 $10.5M Reduce -0.4%
WMB Williams Cos Inc. 1.27% 164,745 $10.4M Add +5.9%
AMZN Amazon.com Inc. 1.18% 44,333 $9.7M Add +1.0%
IAU iShares Gold Trust 1.14% 129,145 $9.4M No change
META Meta Platforms Inc. Class A 1.11% 12,415 $9.1M Reduce -4.8%
DISV Dimensional International SM 0.98% 225,334 $8.0M Add +1.1%
SCHO Schwab Short-Term US Treas 0.92% 310,389 $7.6M Reduce -0.9%
VPU Vanguard Utilities ETF 0.86% 37,526 $7.1M Add +13.1%
MKL Markel Group Inc. 0.85% 3,655 $7.0M Add +0.5%
RIO Rio Tinto PLC-Spon ADR 0.83% 103,050 $6.8M Add +19.0%
CACC Credit Acceptance Corp. 0.76% 13,450 $6.3M Add +0.3%
WMT Walmart Inc. 0.74% 58,983 $6.1M Reduce -1.2%
V Visa Inc. Class A 0.73% 17,623 $6.0M Reduce -1.5%
VDC Vanguard Consumer Staple ETF 0.70% 26,803 $5.7M Add +6.6%
JNJ Johnson & Johnson 0.68% 30,359 $5.6M Reduce -0.8%
BHP BHP Group Ltd.-Spon ADR 0.68% 100,193 $5.6M Add +22.9%
MA Mastercard Inc. Class A 0.67% 9,677 $5.5M Reduce -0.5%
CB Chubb Ltd. 0.66% 19,362 $5.5M Add +51.7%
PAYC Paycom Software Inc. 0.66% 26,205 $5.5M No change
ALB Albemarle Corp. 0.64% 65,258 $5.3M Add +22.5%
HD Home Depot Inc. 0.61% 12,472 $5.1M Reduce -0.2%
IWV iShares Russell 3000 ETF 0.61% 13,244 $5.0M No change
BLK BlackRock Inc. 0.59% 4,177 $4.9M No change
CVX Chevron Corp. 0.59% 31,086 $4.8M Add +14.7%
FCX Freeport-McMoran Inc. 0.57% 119,108 $4.7M Add +12.5%
CNQ Canadian Natural Resources 0.56% 143,567 $4.6M Add +0.5%
IAUM iShares Gold Trust Micro 0.55% 118,333 $4.6M Add +8.3%
IUSG iShares Core S&P U.S. Growth 0.55% 27,574 $4.5M No change
IBDR iShares Ibonds Dec 2026 Term 0.55% 185,677 $4.5M No change
VT Vanguard Tot World STK ETF 0.54% 32,461 $4.5M Add +0.4%
JPM JPMorgan Chase & Co. 0.53% 13,846 $4.4M Reduce -6.5%
COP Conocophillips 0.52% 45,025 $4.3M Add +4.1%
XME SS SPDR S&P Metals Mining 0.47% 41,840 $3.9M No change
VCSH Vanguard S/T Corp. Bond ETF 0.45% 46,520 $3.7M No change
VALE Vale SA-SP ADR 0.44% 336,201 $3.7M Add +38.1%
IUSV iShares Core S&P U.S. Value 0.43% 35,658 $3.6M No change
SCHR Schwab Intermediate-Term US 0.38% 123,760 $3.1M Reduce -18.9%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.37% 39,448 $3.0M Add +0.3%
XBI SS SPDR S&P Biotech ETF 0.35% 28,711 $2.9M No change
DE Deere & Co. 0.33% 5,977 $2.7M Reduce -0.7%
COST Costco Wholesale Corp. 0.33% 2,937 $2.7M Reduce -1.0%
NVDA Nvidia Corp. 0.32% 14,224 $2.7M No change
TTE Totalenergies SE -Spon ADR 0.32% 43,700 $2.6M No change
XLE SS Energy Select Sector 0.31% 28,759 $2.6M Add +4.2%
IBB iShares Biotechnology ETF 0.30% 16,847 $2.4M No change
EPD Enterprise Products Partners 0.29% 76,032 $2.4M Add +10.2%
FNV Franco-Nevada Corp. 0.29% 10,590 $2.4M Add +9.0%
SCHW Schwab (charles) Corp. 0.28% 24,336 $2.3M Reduce -2.9%
XOM Exxon Mobil Corp. 0.28% 20,328 $2.3M Reduce -4.6%
IBDQ iShares Ibonds Dec 2025 Term 0.27% 89,400 $2.3M Reduce -40.0%
PKX Posco Holdings Inc. -Spon ADR 0.26% 43,786 $2.2M Reduce -2.1%
UNH Unitedhealth Group Inc. 0.26% 6,233 $2.2M Reduce -7.5%
WPM Wheaton Precious Metals Corp. 0.26% 18,957 $2.1M Add +1.1%
INTC Intel Corp. 0.26% 62,672 $2.1M No change
EFA iShares MSCI Eafe ETF 0.24% 20,948 $2.0M No change
IVV iShares Core S&P 500 ETF 0.23% 2,877 $1.9M New
GLD SPDR Gold Shares 0.22% 5,049 $1.8M No change
ADP Automatic Data Processing 0.21% 5,944 $1.7M Reduce -0.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.21% 49,577 $1.7M Reduce -1.7%
KKR KKR & Co. Inc. 0.20% 12,783 $1.7M No change
LTPZ PIMCO 15+ YR US Tips Indx 0.19% 29,398 $1.6M Add +8.1%
DEO Diageo PLC-Sponsored ADR 0.18% 15,744 $1.5M New
GS Goldman Sachs Group Inc. 0.18% 1,826 $1.5M No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.17% 42,703 $1.4M No change
SOBO South Bow Corp. 0.17% 50,083 $1.4M Reduce -4.1%
RGLD Royal Gold Inc. 0.17% 6,869 $1.4M Add +4.0%
PFE Pfizer Inc. 0.16% 52,802 $1.3M Reduce -3.4%
VEA Vanguard Ftse Developed ETF 0.15% 20,601 $1.2M No change
EOG EOG Resources Inc. 0.14% 10,644 $1.2M No change
AMGN Amgen Inc. 0.13% 3,813 $1.1M Reduce -22.6%
EBAY eBay Inc. 0.13% 11,627 $1.1M No change
IEMG iShares Core MSCI Emerging 0.13% 16,030 $1.1M No change
ADM Archer-Daniels-Midland Co. 0.13% 17,409 $1.0M Reduce -2.4%
NVR NVR Inc. 0.12% 125 $1.0M No change
PG The Procter & Gamble Co. 0.12% 6,258 $962K Reduce -8.0%
SCHF Schwab Intl Equity ETF 0.11% 40,101 $934K Add +0.0%
MPLX MPLX LP 0.11% 17,857 $892K Add +22.9%
SU Suncor Energy Inc. 0.11% 21,224 $887K No change
BKNG Booking Holdings Inc. 0.11% 163 $880K No change
NEM Newmont Corp. 0.10% 9,953 $839K Add +23.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.10% 2,750 $808K No change
B Barrick Mining Corp. 0.10% 24,361 $798K Add +35.2%
GOVT iShares US Treasury Bond ETF 0.10% 34,463 $797K Reduce -66.6%
LPLA LPL Financial Holdings Inc. 0.09% 2,266 $754K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.08% 2,784 $680K No change
SCHB Schwab US Broad Market ETF 0.08% 24,969 $642K Add +1.1%
T AT&T Inc. 0.08% 22,386 $632K Reduce -14.3%
LOW Lowe's Cos Inc. 0.07% 2,424 $609K No change
AEM Agnico Eagle Mines Ltd. 0.07% 3,589 $605K No change
PM Philip Morris International 0.07% 3,666 $595K No change
CAT Caterpillar Inc. 0.07% 1,242 $593K No change
IXUS iShares Core Intl Stock ETF 0.07% 7,085 $585K Reduce -43.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.07% 2,660 $555K Reduce -2.5%
SRE Sempra 0.07% 6,134 $552K Reduce -1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 10,680 $551K Reduce -20.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 3,317 $479K Reduce -3.4%
PAA Plains All Amer Pipeline LP 0.06% 27,508 $469K Add +51.7%
ET Energy Transfer LP 0.06% 27,326 $469K Add +54.4%
ABBV Abbvie Inc. 0.06% 1,955 $453K New
HDV iShares Core High Dividend E 0.05% 3,496 $428K No change
DFAT Dimensional US Target Value 0.05% 7,227 $421K Add +42.5%
SMH Vaneck Semiconductor ETF 0.05% 1,147 $374K No change
OXY Occidental Petroleum Corp. 0.04% 7,805 $369K Reduce -3.5%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.04% 8,444 $363K No change
MO Altria Group Inc. 0.04% 5,417 $358K No change
UPS United Parcel Service Class B 0.04% 4,260 $356K Reduce -50.3%
VIG Vanguard Dividend Apprec ETF 0.04% 1,624 $350K No change
BP BP PLC-Spons ADR 0.04% 9,089 $313K Add +25.1%
VYM Vanguard High DVD Yield ETF 0.04% 2,094 $295K Add +0.1%
UNP Union Pacific Corp. 0.03% 1,188 $281K Reduce -2.5%
SHEL Shell PLC-ADR 0.03% 3,851 $275K Add +8.8%
MCD McDonald's Corp. 0.03% 866 $263K New
SGOL Abrdn Physical Gold Shares 0.03% 7,056 $260K No change
XLP SS Consumer Staples Sel Sect 0.03% 3,188 $250K No change
MRK Merck & Co. Inc. 0.03% 2,825 $237K Reduce -23.5%
VRSN Verisign Inc. 0.03% 833 $233K No change
VHT Vanguard Health Care ETF 0.03% 844 $219K Reduce -46.5%
IBIT iShares Bitcoin Trust ETF 0.03% 3,351 $218K Add +0.1%
FLKR Franklin Ftse South Korea 0.03% 7,704 $208K New
VNQ Vanguard Real Estate ETF 0.02% 2,166 $198K New
SCHD Schwab US DVD Equity ETF 0.02% 5,958 $163K New
GDX Vaneck Gold Miners ETF 0.02% 1,756 $134K New

Portfolio Sells Q2 2025 → Q3 2025
GLDM SPDR Gold Minishares Trust Reduce -16.6% 6.84% −0.95
SCHP Schwab U.S. Tips ETF Reduce -11.3% 2.05% −0.49
SPIP SS SPDR P Tips ETF Sold out 0.00% −0.38
VTI VG Morningstar TS MKT ETF-US Reduce -0.9% 6.83% −0.25
IBDQ iShares Ibonds Dec 2025 Term Reduce -40.0% 0.27% −0.23
GOVT iShares US Treasury Bond ETF Reduce -66.6% 0.10% −0.22
META Meta Platforms Inc. Class A Reduce -4.8% 1.11% −0.19
MSFT Microsoft Corp. Reduce -3.5% 1.53% −0.16
STIP iShares 0-5 Year Tips Bond E Reduce -0.4% 1.28% −0.14
SCHR Schwab Intermediate-Term US Reduce -18.9% 0.38% −0.14
V Visa Inc. Class A Reduce -1.5% 0.73% −0.13
SCHO Schwab Short-Term US Treas Reduce -0.9% 0.92% −0.11
DE Deere & Co. Reduce -0.7% 0.33% −0.08
HES Hess Corp. Sold out 0.00% −0.08
UPS United Parcel Service Class B Reduce -50.3% 0.04% −0.07
MA Mastercard Inc. Class A Reduce -0.5% 0.67% −0.07
COST Costco Wholesale Corp. Reduce -1.0% 0.33% −0.07
SGOV iShares 0-3 Month Treasury B Sold out 0.00% −0.06
IXUS iShares Core Intl Stock ETF Reduce -43.2% 0.07% −0.06
AMGN Amgen Inc. Reduce -22.6% 0.13% −0.05
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.05
JPM JPMorgan Chase & Co. Reduce -6.5% 0.53% −0.05
WMT Walmart Inc. Reduce -1.2% 0.74% −0.05
HON Honeywell International Inc. Sold out 0.00% −0.04
ADP Automatic Data Processing Reduce -0.5% 0.21% −0.04
KMX Carmax Inc. Sold out 0.00% −0.03
XOM Exxon Mobil Corp. Reduce -4.6% 0.28% −0.03
PKX Posco Holdings Inc. -Spon ADR Reduce -2.1% 0.26% −0.03
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.03
PG The Procter & Gamble Co. Reduce -8.0% 0.12% −0.03
VHT Vanguard Health Care ETF Reduce -46.5% 0.03% −0.03
SCHW Schwab (charles) Corp. Reduce -2.9% 0.28% −0.03
T AT&T Inc. Reduce -14.3% 0.08% −0.03
SLB SLB Ltd. Reduce -1.7% 0.21% −0.02
UNH Unitedhealth Group Inc. Reduce -7.5% 0.26% −0.02
BAC Bank of America Corp. Reduce -20.2% 0.07% −0.02
PFE Pfizer Inc. Reduce -3.4% 0.16% −0.01
MRK Merck & Co. Inc. Reduce -23.5% 0.03% −0.01
SOBO South Bow Corp. Reduce -4.1% 0.17% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -2.5% 0.07% −0.00
HD Home Depot Inc. Reduce -0.2% 0.61% −0.00
UNP Union Pacific Corp. Reduce -2.5% 0.03% −0.00
OXY Occidental Petroleum Corp. Reduce -3.5% 0.04% −0.00
ADM Archer-Daniels-Midland Co. Reduce -2.4% 0.13% −0.00
TJX TJX Companies Inc. Reduce -3.4% 0.06% +0.00
SRE Sempra Reduce -1.3% 0.07% +0.00
PICK iShares MSCI Global Metals & Reduce -6.0% 2.82% +0.01
JNJ Johnson & Johnson Reduce -0.8% 0.68% +0.05
AAPL Apple Inc. Reduce -1.0% 1.59% +0.16

Portfolio Buys Q2 2025 → Q3 2025
VBIL Vanguard 0-3M T-Bill ETF Add +446.3% 1.94% +1.55
GOOG Alphabet Inc. Class C Add +0.5% 2.17% +0.43
AVUV Avantis US Small Cap Value Add +12.0% 3.52% +0.33
AVDV Avantis Intl S/C Value ETF Add +7.2% 4.01% +0.32
VXUS Vanguard Total Intl Stock Add +10.7% 5.05% +0.29
VOO Vanguard S&P 500 ETF Add +25.4% 1.52% +0.27
IVV iShares Core S&P 500 ETF New 0.23% +0.23
SCCO Southern Copper Corp. Add +6.1% 1.59% +0.20
BRK.B Berkshire Hathaway Inc. Class B Add +13.0% 3.90% +0.20
ALB Albemarle Corp. Add +22.5% 0.64% +0.19
DEO Diageo PLC-Sponsored ADR New 0.18% +0.18
CB Chubb Ltd. Add +51.7% 0.66% +0.17
BHP BHP Group Ltd.-Spon ADR Add +22.9% 0.68% +0.15
RIO Rio Tinto PLC-Spon ADR Add +19.0% 0.83% +0.15
VALE Vale SA-SP ADR Add +38.1% 0.44% +0.13
ENB Enbridge Inc. Add +3.6% 2.13% +0.08
TRP TC Energy Corp. Add +3.4% 2.08% +0.08
VPU Vanguard Utilities ETF Add +13.1% 0.86% +0.07
FNV Franco-Nevada Corp. Add +9.0% 0.29% +0.07
IAUM iShares Gold Trust Micro Add +8.3% 0.55% +0.07
CVX Chevron Corp. Add +14.7% 0.59% +0.06
ABBV Abbvie Inc. New 0.06% +0.06
B Barrick Mining Corp. Add +35.2% 0.10% +0.05
NEM Newmont Corp. Add +23.8% 0.10% +0.04
VDE Vanguard Energy ETF Add +7.2% 1.64% +0.03
MCD McDonald's Corp. New 0.03% +0.03
WPM Wheaton Precious Metals Corp. Add +1.1% 0.26% +0.03
FLKR Franklin Ftse South Korea New 0.03% +0.03
VNQ Vanguard Real Estate ETF New 0.02% +0.02
SCHD Schwab US DVD Equity ETF New 0.02% +0.02
GDX Vaneck Gold Miners ETF New 0.02% +0.02
DFAT Dimensional US Target Value Add +42.5% 0.05% +0.01
ET Energy Transfer LP Add +54.4% 0.06% +0.01
PAA Plains All Amer Pipeline LP Add +51.7% 0.06% +0.01
RGLD Royal Gold Inc. Add +4.0% 0.17% +0.01
BP BP PLC-Spons ADR Add +25.1% 0.04% +0.01
MPLX MPLX LP Add +22.9% 0.11% +0.01
EPD Enterprise Products Partners Add +10.2% 0.29% +0.00
SHEL Shell PLC-ADR Add +8.8% 0.03% −0.00
IBIT iShares Bitcoin Trust ETF Add +0.1% 0.03% −0.00
SCHB Schwab US Broad Market ETF Add +1.1% 0.08% −0.00
VYM Vanguard High DVD Yield ETF Add +0.1% 0.04% −0.00
LTPZ PIMCO 15+ YR US Tips Indx Add +8.1% 0.19% −0.00
XLE SS Energy Select Sector Add +4.2% 0.31% −0.00
COP Conocophillips Add +4.1% 0.52% −0.01
SCHF Schwab Intl Equity ETF Add +0.0% 0.11% −0.01
DFSV Dimensional US Small Cap Val Add +2.0% 1.50% −0.01
DISV Dimensional International SM Add +1.1% 0.98% −0.01
VT Vanguard Tot World STK ETF Add +0.4% 0.54% −0.02
WRB WR Berkley Corp. Add +0.3% 0.37% −0.02

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