Hirtle & Co., LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hirtle & Co., LLC reported 77 stock positions worth $2.4 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 27.7% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 12.8%) and iShares Core S&P 500 ETF (IVV, 10.3%). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 19 and reduced 34. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +2%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001360710
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001104659-25-078072 ↗ filed Aug 14, 2025
Holdings Value
Holdings 77 stocks · $2.4B
| SPY SS SPDR S&P 500 ETF Trust-US | 27.72% | 1,057,434 | $653.3M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 12.84% | 3,625,084 | $302.6M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 10.30% | 391,136 | $242.9M | Add +2.1% |
| EFA iShares MSCI Eafe ETF | 7.69% | 2,026,927 | $181.2M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 6.38% | 264,895 | $150.5M | Reduce -27.0% |
| IEMG iShares Core MSCI Emerging | 5.23% | 2,054,802 | $123.3M | Reduce -0.6% |
| VEA Vanguard Ftse Developed ETF | 4.88% | 2,019,031 | $115.1M | Reduce -9.9% |
| EEM iShares MSCI Emerging Market | 3.95% | 1,929,822 | $93.1M | Add +2.6% |
| VWO Vanguard Ftse Emerging Marke | 3.00% | 1,427,947 | $70.6M | Reduce -10.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.99% | 160,665 | $70.4M | Reduce -2.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.85% | 220,885 | $67.1M | Add +1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.32% | 309,911 | $54.8M | Reduce -1.8% |
| IWF iShares Russell 1000 Growth | 1.86% | 103,343 | $43.9M | Add +0.5% |
| VONE Vanguard Russell 1000 | 1.23% | 103,008 | $28.9M | Add +29.8% |
| GOOGL Alphabet Inc. Class A | 0.77% | 102,759 | $18.1M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 0.68% | 82,474 | $16.0M | Reduce -0.2% |
| PM Philip Morris International | 0.57% | 74,106 | $13.5M | Reduce -0.4% |
| MO Altria Group Inc. | 0.54% | 218,630 | $12.8M | Reduce 0.0% |
| VGK Vanguard Ftse Europe ETF | 0.36% | 108,277 | $8.4M | Add +8.5% |
| XLB SS Materials Select Sector | 0.35% | 92,920 | $8.2M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 0.31% | 41,584 | $7.4M | Reduce -11.1% |
| IWB iShares Russell 1000 ETF | 0.28% | 19,087 | $6.5M | Add +1.1% |
| ACWI iShares MSCI Acwi ETF | 0.25% | 46,051 | $5.9M | Add +147.2% |
| PRF Invesco Rafi US 1000 ETF | 0.24% | 131,777 | $5.6M | Add +5.4% |
| CEFA Global X S&P Cath Val Devel | 0.23% | 158,200 | $5.4M | Add +13.8% |
| CATH Global X S&P 500 Ca Val ETF | 0.22% | 68,691 | $5.2M | Reduce -14.5% |
| IVW iShares S&P 500 Growth ETF | 0.15% | 31,130 | $3.4M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 47,336 | $2.9M | Reduce -33.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.11% | 41,029 | $2.6M | Reduce -13.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 10,069 | $2.4M | Add +5.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 10,327 | $2.3M | No change |
| IWM iShares Russell 2000 ETF | 0.09% | 9,580 | $2.1M | No change |
| IVE iShares S&P 500 Value ETF | 0.08% | 10,100 | $2.0M | Reduce -1.1% |
| MSFT Microsoft Corp. | 0.07% | 3,192 | $1.6M | Reduce -29.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.07% | 38,862 | $1.6M | Add +322.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.06% | 2 | $1.5M | No change |
| CNYA iShares MSCI China A ETF | 0.06% | 46,964 | $1.3M | Reduce -15.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.06% | 19,457 | $1.3M | Add +4.8% |
| VOTE TCW Transform 500 ETF | 0.05% | 16,911 | $1.2M | Add +2.3% |
| EMGF iShares Emerging Markets Equ | 0.05% | 20,964 | $1.1M | No change |
| DHR Danaher Corp. | 0.04% | 5,148 | $1.0M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.04% | 12,630 | $894K | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 2,094 | $849K | Add +4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 1,669 | $811K | Reduce -11.7% |
| IAU iShares Gold Trust | 0.03% | 12,402 | $773K | No change |
| IWN iShares Russell 2000 Value E | 0.03% | 4,877 | $769K | Reduce -6.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.03% | 13,497 | $706K | Reduce -7.0% |
| SPEM State Street SP PTF Em ETF | 0.03% | 16,017 | $685K | New |
| VTHR Vanguard Russell 3000 | 0.03% | 2,500 | $682K | Reduce -16.7% |
| VONV Vanguard Russell 1000 Value | 0.03% | 7,952 | $678K | No change |
| VNQ Vanguard Real Estate ETF | 0.03% | 7,423 | $661K | Reduce -14.0% |
| VYM Vanguard High DVD Yield ETF | 0.03% | 4,763 | $635K | No change |
| GE General Electric filed as GE AEROSPACE | 0.03% | 2,333 | $600K | New |
| COST Costco Wholesale Corp. | 0.03% | 601 | $595K | Reduce -11.0% |
| XLRE SS Real Estate Select Sector | 0.02% | 13,787 | $571K | No change |
| VIS Vanguard Industrials ETF | 0.02% | 2,004 | $561K | No change |
| VFH Vanguard Financials ETF | 0.02% | 4,327 | $551K | No change |
| SCHB Schwab US Broad Market ETF | 0.02% | 21,347 | $509K | No change |
| QCOM Qualcomm Inc. | 0.02% | 3,024 | $482K | Add +1.5% |
| IWR iShares Russell Mid-Cap ETF | 0.02% | 5,143 | $473K | No change |
| VONG Vanguard Russell 1000 Growth | 0.02% | 4,321 | $472K | No change |
| PNQI Invesco Nasdaq Internet ETF | 0.02% | 8,600 | $449K | No change |
| ACN Accenture PLC Class A | 0.02% | 1,341 | $401K | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 0.02% | 3,516 | $384K | No change |
| VTWG Vanguard Russell 2000 Growth | 0.02% | 1,754 | $366K | Reduce -19.9% |
| RSP Invesco S&P 500 Equal Weight | 0.02% | 1,970 | $358K | Reduce -94.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 7,005 | $331K | New |
| V Visa Inc. Class A | 0.01% | 928 | $329K | Reduce -23.1% |
| GEV GE Vernova Inc. | 0.01% | 577 | $305K | New |
| EFV iShares MSCI Eafe Value ETF | 0.01% | 4,662 | $296K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.01% | 4,371 | $294K | Add +11.5% |
| GNR State Street SPDR S&P Global | 0.01% | 5,086 | $276K | No change |
| DGRO iShares Core Dividend Growth | 0.01% | 3,869 | $247K | No change |
| COP Conocophillips | 0.01% | 2,743 | $246K | Reduce -19.2% |
| XOM Exxon Mobil Corp. | 0.01% | 2,046 | $221K | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 369 | $204K | New |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.01% | 4,582 | $200K | New |
Other holdings (27): bonds, preferreds, convertibles and warrants · $280.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF · principal | 4,407,007 | $101.3M | Reduce -4.4% |
| BND Vanguard Total Bond Market | TOTAL BND MRKT · principal | 429,888 | $31.7M | Reduce -67.3% |
| VCIT Vanguard Int-Term Corporate | INT-TERM CORP · principal | 336,021 | $27.9M | Reduce -5.1% |
| SPMB SS SPDR P Mort Back Bond ETF | ST STR BACKE ETF · principal | 1,168,958 | $25.8M | Reduce -4.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | TAX EXEMPT BD · principal | 401,285 | $19.7M | No change |
| GBDC Golub Capital BDC Inc. | COM · principal | 926,223 | $13.6M | Add +9.7% |
| SCHP Schwab U.S. Tips ETF | US TIPS ETF · principal | 392,215 | $10.5M | Reduce -5.0% |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | 68,318 | $6.8M | Add +52.9% |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 64,201 | $6.7M | Add +3.9% |
| VGSH Vanguard Short-Term Treasury | SHORT TERM TREAS · principal | 105,183 | $6.2M | Reduce -5.0% |
| TIP iShares Tips Bond ETF | TIPS BD ETF · principal | 53,964 | $5.9M | Reduce -0.8% |
| VMBS Vanguard Mortgage-Backed Sec | MTG-BKD SECS ETF · principal | 67,313 | $3.1M | Add +4.8% |
| LTPZ PIMCO 15+ YR US Tips Indx | 15+ YR US TIPS · principal | 56,325 | $3.0M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD · principal | 32,423 | $2.6M | Reduce -0.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | 46,920 | $2.5M | Reduce -0.3% |
| VTIP Vanguard Short-Term Tips | STRM INFPROIDX · principal | 46,159 | $2.3M | No change |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | 66,909 | $2.0M | Reduce -0.4% |
| SUB iShares Short-Term National | SHRT NAT MUN ETF · principal | 15,951 | $1.7M | No change |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | 17,093 | $1.5M | Add +48.7% |
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | 19,347 | $1.2M | Add +4.8% |
| VGLT Vanguard Long-Term Treasury | LONG TERM TREAS · principal | 19,959 | $1.1M | Reduce -32.8% |
| VT Vanguard Tot World STK ETF | TT WRLD ST ETF · principal | 8,640 | $1.1M | Reduce -56.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | 12,291 | $991K | Reduce -91.1% |
| STIP iShares 0-5 Year Tips Bond E | 0-5 YR TIPS ETF · principal | 6,774 | $697K | Reduce -12.6% |
| SHYM iShares Short Duration High | SHOR DURA HI ETF · principal | 18,150 | $405K | No change |
| NVG Nuveen Amt-FR Muni CRDT | COM · principal | 33,727 | $402K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | 4,203 | $386K | No change |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | Reduce -27.0% | 6.38% | −2.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -9.9% | 4.88% | −0.29 |
| VWO Vanguard Ftse Emerging Marke | Reduce -10.7% | 3.00% | −0.29 |
| RSP Invesco S&P 500 Equal Weight | Reduce -94.3% | 0.02% | −0.26 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.8% | 2.32% | −0.15 |
| IJH iShares Core S&P Midcap ETF | Reduce -33.8% | 0.12% | −0.06 |
| MO Altria Group Inc. | Reduce 0.0% | 0.54% | −0.05 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.03 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.03 |
| CATH Global X S&P 500 Ca Val ETF | Reduce -14.5% | 0.22% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -0.2% | 0.68% | −0.03 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -11.1% | 0.31% | −0.02 |
| XLB SS Materials Select Sector | Reduce -0.6% | 0.35% | −0.02 |
| CNYA iShares MSCI China A ETF | Reduce -15.4% | 0.06% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.7% | 0.03% | −0.01 |
| FULT Fulton Financial Corp. | Sold out | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Reduce -29.2% | 0.07% | −0.01 |
| PSX Phillips 66 | Sold out | 0.00% | −0.01 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -13.4% | 0.11% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -14.0% | 0.03% | −0.01 |
| DHR Danaher Corp. | Reduce -2.1% | 0.04% | −0.01 |
| COP Conocophillips | Reduce -19.2% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -23.1% | 0.01% | −0.01 |
| VTHR Vanguard Russell 3000 | Reduce -16.7% | 0.03% | −0.00 |
| IVE iShares S&P 500 Value ETF | Reduce -1.1% | 0.08% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -11.0% | 0.03% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -7.0% | 0.03% | −0.00 |
| IWN iShares Russell 2000 Value E | Reduce -6.7% | 0.03% | −0.00 |
| VTWG Vanguard Russell 2000 Growth | Reduce -19.9% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Reduce -0.4% | 0.02% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.1% | 0.15% | +0.01 |
| PM Philip Morris International | Reduce -0.4% | 0.57% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 0.77% | +0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -0.7% | 7.69% | +0.12 |
| IEMG iShares Core MSCI Emerging | Reduce -0.6% | 5.23% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.1% | 2.99% | +0.23 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.3% | 12.84% | +0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 27.72% | +0.76 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +2.1% | 10.30% | +0.53 |
| VONE Vanguard Russell 1000 | Add +29.8% | 1.23% | +0.31 |
| EEM iShares MSCI Emerging Market | Add +2.6% | 3.95% | +0.22 |
| IWF iShares Russell 1000 Growth | Add +0.5% | 1.86% | +0.18 |
| ACWI iShares MSCI Acwi ETF | Add +147.2% | 0.25% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.9% | 2.85% | +0.14 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +322.8% | 0.07% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Add +8.5% | 0.36% | +0.04 |
| SPEM State Street SP PTF Em ETF | New | 0.03% | +0.03 |
| GE General Electric | New | 0.03% | +0.03 |
| CEFA Global X S&P Cath Val Devel | Add +13.8% | 0.23% | +0.02 |
| BAC Bank of America Corp. | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +1.1% | 0.28% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.01% | +0.01 |
| DBEF Xtrackers MSCI Eafe Hedged E | New | 0.01% | +0.01 |
| PRF Invesco Rafi US 1000 ETF | Add +5.4% | 0.24% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +5.7% | 0.10% | +0.01 |
| VOTE TCW Transform 500 ETF | Add +2.3% | 0.05% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +11.5% | 0.01% | +0.00 |
| QCOM Qualcomm Inc. | Add +1.5% | 0.02% | −0.00 |
| XOM Exxon Mobil Corp. | Add +2.4% | 0.01% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +4.8% | 0.06% | −0.00 |
| KO The Coca-Cola Co. | Add +0.2% | 0.04% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +4.7% | 0.04% | −0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF · principal | Reduce -4.4% | 4,407,007 | $101.3M |
| BND Vanguard Total Bond Market | TOTAL BND MRKT · principal | Reduce -67.3% | 429,888 | $31.7M |
| VCIT Vanguard Int-Term Corporate | INT-TERM CORP · principal | Reduce -5.1% | 336,021 | $27.9M |
| SPMB SS SPDR P Mort Back Bond ETF | ST STR BACKE ETF · principal | Reduce -4.5% | 1,168,958 | $25.8M |
| GBDC Golub Capital BDC Inc. | COM · principal | Add +9.7% | 926,223 | $13.6M |
| SCHP Schwab U.S. Tips ETF | US TIPS ETF · principal | Reduce -5.0% | 392,215 | $10.5M |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | Add +52.9% | 68,318 | $6.8M |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | Add +3.9% | 64,201 | $6.7M |
| VGSH Vanguard Short-Term Treasury | SHORT TERM TREAS · principal | Reduce -5.0% | 105,183 | $6.2M |
| TIP iShares Tips Bond ETF | TIPS BD ETF · principal | Reduce -0.8% | 53,964 | $5.9M |
| VMBS Vanguard Mortgage-Backed Sec | MTG-BKD SECS ETF · principal | Add +4.8% | 67,313 | $3.1M |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD · principal | Reduce -0.3% | 32,423 | $2.6M |
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | Reduce -0.3% | 46,920 | $2.5M |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | Reduce -0.4% | 66,909 | $2.0M |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | Add +48.7% | 17,093 | $1.5M |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | Sold out | 10,669 | $1.2Mbefore exit |
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | Add +4.8% | 19,347 | $1.2M |
| VGLT Vanguard Long-Term Treasury | LONG TERM TREAS · principal | Reduce -32.8% | 19,959 | $1.1M |
| VT Vanguard Tot World STK ETF | TT WRLD ST ETF · principal | Reduce -56.5% | 8,640 | $1.1M |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | Sold out | 12,735 | $1.1Mbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | Reduce -91.1% | 12,291 | $991K |
| NXP Nuveen Select Tax-Free Inc. | SH BEN INT · principal | Sold out | 63,260 | $909Kbefore exit |
| STIP iShares 0-5 Year Tips Bond E | 0-5 YR TIPS ETF · principal | Reduce -12.6% | 6,774 | $697K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 99 | $2.9B | SPY, IEFA, IVV, EFA, IEMG |
| Q1 2026 | 85 | $2.6B | SPY, IEFA, IVV, EFA, IEMG |
| Q4 2025 | 83 | $2.6B | SPY, IEFA, IVV, EFA, IEMG |
| Q3 2025 | 74 | $2.5B | SPY, IEFA, IVV, EFA, VOO |
| Q2 2025 | 77 | $2.4B | SPY, IEFA, IVV, EFA, VOO |
| Q1 2025 | 77 | $2.2B | SPY, IEFA, IVV, VOO, EFA |
| Q4 2024 | 89 | $2.1B | SPY, IEFA, IVV, EFA, IEMG |
| Q3 2024 | 73 | $2.1B | SPY, IEFA, IVV, EFA, IEMG |
| Q2 2024 | 72 | $2.0B | SPY, IEFA, IVV, EFA, IEMG |
| Q1 2024 | 71 | $2.0B | SPY, IEFA, IVV, EFA, IEMG |