Hirtle & Co., LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Hirtle & Co., LLC reported 74 stock positions worth $2.5 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 27.3% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 12.8%) and iShares Core S&P 500 ETF (IVV, 11.0%). Compared with Q2 2025, it opened 2 new positions, sold out of 5, added to 11 and reduced 38. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +6%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001360710
- Portfolio Value
- $2.5B (Q3 2025)
- SEC Filing
- 0001104659-25-111019 ↗ filed Nov 13, 2025
Holdings Value
Holdings 74 stocks · $2.5B
| SPY SS SPDR S&P 500 ETF Trust-US | 27.31% | 1,036,525 | $690.5M | Reduce -2.0% |
| IEFA iShares Core MSCI Eafe ETF | 12.82% | 3,711,893 | $324.1M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 10.95% | 413,758 | $276.9M | Add +5.8% |
| EFA iShares MSCI Eafe ETF | 7.44% | 2,014,463 | $188.1M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 6.00% | 247,889 | $151.8M | Reduce -6.4% |
| IEMG iShares Core MSCI Emerging | 5.80% | 2,222,857 | $146.5M | Add +8.2% |
| VEA Vanguard Ftse Developed ETF | 4.87% | 2,056,956 | $123.3M | Add +1.9% |
| EEM iShares MSCI Emerging Market | 4.07% | 1,928,580 | $103.0M | Reduce -0.1% |
| VWO Vanguard Ftse Emerging Marke | 3.11% | 1,450,238 | $78.6M | Add +1.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.96% | 227,797 | $74.8M | Add +3.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.96% | 155,814 | $74.7M | Reduce -3.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.27% | 307,832 | $57.4M | Reduce -0.7% |
| IWF iShares Russell 1000 Growth | 1.89% | 102,272 | $47.9M | Reduce -1.0% |
| VONE Vanguard Russell 1000 | 1.23% | 102,691 | $31.0M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 0.91% | 94,325 | $22.9M | Reduce -8.2% |
| IWD iShares Russell 1000 Value E | 0.66% | 82,352 | $16.8M | Reduce -0.1% |
| MO Altria Group Inc. | 0.57% | 218,630 | $14.4M | No change |
| PM Philip Morris International | 0.48% | 74,101 | $12.0M | Reduce -0.0% |
| VGK Vanguard Ftse Europe ETF | 0.35% | 112,356 | $9.0M | Add +3.8% |
| XLB SS Materials Select Sector | 0.33% | 92,920 | $8.3M | No change |
| IWB iShares Russell 1000 ETF | 0.27% | 18,749 | $6.9M | Reduce -1.8% |
| PRF Invesco Rafi US 1000 ETF | 0.24% | 131,777 | $6.0M | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.19% | 113,399 | $4.9M | Add +191.8% |
| CEFA Global X S&P Cath Val Devel | 0.19% | 130,700 | $4.7M | Reduce -17.4% |
| IVW iShares S&P 500 Growth ETF | 0.14% | 30,373 | $3.7M | Reduce -2.4% |
| CATH Global X S&P 500 Ca Val ETF | 0.13% | 40,257 | $3.3M | Reduce -41.4% |
| GOOG Alphabet Inc. Class C | 0.13% | 13,049 | $3.2M | Reduce -68.6% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 45,683 | $3.0M | Reduce -3.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.11% | 10,138 | $2.8M | Reduce -1.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.11% | 41,209 | $2.8M | Add +0.4% |
| ACWI iShares MSCI Acwi ETF | 0.10% | 18,551 | $2.6M | Reduce -59.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 9,785 | $2.5M | Reduce -2.8% |
| IWM iShares Russell 2000 ETF | 0.09% | 9,580 | $2.3M | No change |
| SPEM State Street SP PTF Em ETF | 0.08% | 45,607 | $2.1M | Add +184.7% |
| IVE iShares S&P 500 Value ETF | 0.08% | 9,812 | $2.0M | Reduce -2.9% |
| CNYA iShares MSCI China A ETF | 0.06% | 46,964 | $1.6M | No change |
| VOTE TCW Transform 500 ETF | 0.05% | 16,911 | $1.3M | No change |
| EMGF iShares Emerging Markets Equ | 0.05% | 20,964 | $1.2M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.04% | 19,457 | $1.1M | No change |
| MSFT Microsoft Corp. | 0.04% | 1,990 | $1.0M | Reduce -37.7% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 2,078 | $1.0M | Reduce -0.8% |
| DHR Danaher Corp. | 0.04% | 5,081 | $1.0M | Reduce -1.3% |
| IAU iShares Gold Trust | 0.04% | 12,402 | $902K | No change |
| IWN iShares Russell 2000 Value E | 0.03% | 4,877 | $862K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.03% | 13,497 | $747K | No change |
| VONV Vanguard Russell 1000 Value | 0.03% | 7,952 | $711K | No change |
| GE General Electric filed as GE AEROSPACE | 0.03% | 2,308 | $694K | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 1,314 | $661K | Reduce -21.3% |
| KO The Coca-Cola Co. | 0.03% | 9,800 | $650K | Reduce -22.4% |
| VYM Vanguard High DVD Yield ETF | 0.03% | 4,582 | $646K | Reduce -3.8% |
| VNQ Vanguard Real Estate ETF | 0.03% | 6,959 | $636K | Reduce -6.3% |
| VTHR Vanguard Russell 3000 | 0.02% | 2,078 | $612K | Reduce -16.9% |
| VIS Vanguard Industrials ETF | 0.02% | 2,004 | $594K | No change |
| XLRE SS Real Estate Select Sector | 0.02% | 13,787 | $581K | No change |
| VFH Vanguard Financials ETF | 0.02% | 4,327 | $568K | No change |
| SCHB Schwab US Broad Market ETF | 0.02% | 21,347 | $549K | No change |
| VONG Vanguard Russell 1000 Growth | 0.02% | 4,321 | $521K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.02% | 5,143 | $497K | No change |
| QCOM Qualcomm Inc. | 0.02% | 2,979 | $496K | Reduce -1.5% |
| PNQI Invesco Nasdaq Internet ETF | 0.02% | 8,600 | $480K | No change |
| SLGN Silgan Holdings Inc. | 0.02% | 10,000 | $430K | New |
| VTWG Vanguard Russell 2000 Growth | 0.01% | 1,597 | $373K | Reduce -8.9% |
| GEV GE Vernova Inc. | 0.01% | 577 | $355K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.01% | 1,863 | $353K | Reduce -5.4% |
| IJR iShares Core S&P Small-Cap E | 0.01% | 2,850 | $339K | Reduce -18.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 6,320 | $326K | Reduce -9.8% |
| ACN Accenture PLC Class A | 0.01% | 1,277 | $315K | Reduce -4.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.01% | 4,371 | $312K | No change |
| GNR State Street SPDR S&P Global | 0.01% | 5,086 | $301K | No change |
| EFV iShares MSCI Eafe Value ETF | 0.01% | 4,428 | $300K | Reduce -5.0% |
| DGRO iShares Core Dividend Growth | 0.01% | 3,869 | $263K | No change |
| COP Conocophillips | 0.01% | 2,723 | $258K | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 371 | $223K | Add +0.5% |
| GDRX Goodrx Holdings Inc. Class A | 0.00% | 11,392 | $48K | New |
Other holdings (26): bonds, preferreds, convertibles and warrants · $316.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF · principal | 5,243,494 | $121.2M | Add +19.0% |
| BND Vanguard Total Bond Market | TOTAL BND MRKT · principal | 459,862 | $34.2M | Add +7.0% |
| VCIT Vanguard Int-Term Corporate | INT-TERM CORP · principal | 366,767 | $30.8M | Add +9.2% |
| SPMB SS SPDR P Mort Back Bond ETF | ST STR BACKE ETF · principal | 1,301,665 | $29.2M | Add +11.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | TAX EXEMPT BD · principal | 429,988 | $21.5M | Add +7.2% |
| GBDC Golub Capital BDC Inc. | COM · principal | 929,966 | $12.7M | Add +0.4% |
| SCHP Schwab U.S. Tips ETF | US TIPS ETF · principal | 439,541 | $11.8M | Add +12.1% |
| VT Vanguard Tot World STK ETF | TT WRLD ST ETF · principal | 81,707 | $11.3M | Add +845.7% |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | 65,524 | $6.6M | Reduce -4.1% |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 60,479 | $6.4M | Reduce -5.8% |
| TIP iShares Tips Bond ETF | TIPS BD ETF · principal | 56,225 | $6.3M | Add +4.2% |
| VMBS Vanguard Mortgage-Backed Sec | MTG-BKD SECS ETF · principal | 67,313 | $3.2M | No change |
| LTPZ PIMCO 15+ YR US Tips Indx | 15+ YR US TIPS · principal | 58,832 | $3.1M | Add +4.5% |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD · principal | 32,423 | $2.6M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | 46,920 | $2.5M | No change |
| 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 | 66,630 | $2.0M | Reduce -0.4% |
| SUB iShares Short-Term National | SHRT NAT MUN ETF · principal | 17,098 | $1.8M | Add +7.2% |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | 17,400 | $1.6M | Add +1.8% |
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | 19,347 | $1.2M | No change |
| VGLT Vanguard Long-Term Treasury | LONG TERM TREAS · principal | 19,959 | $1.1M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | 12,291 | $998K | No change |
| STIP iShares 0-5 Year Tips Bond E | 0-5 YR TIPS ETF · principal | 6,774 | $700K | No change |
| NVG Nuveen Amt-FR Muni CRDT | COM · principal | 33,727 | $415K | No change |
| SHYM iShares Short Duration High | SHOR DURA HI ETF · principal | 18,150 | $405K | 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: $2.8B.
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 27.31% | −0.41 |
| VOO Vanguard S&P 500 ETF | Reduce -6.4% | 6.00% | −0.38 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 7.44% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -68.6% | 0.13% | −0.19 |
| ACWI iShares MSCI Acwi ETF | Reduce -59.7% | 0.10% | −0.15 |
| PM Philip Morris International | Reduce -0.0% | 0.48% | −0.10 |
| CATH Global X S&P 500 Ca Val ETF | Reduce -41.4% | 0.13% | −0.09 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.7% | 2.27% | −0.05 |
| CEFA Global X S&P Cath Val Devel | Reduce -17.4% | 0.19% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.0% | 2.96% | −0.03 |
| MSFT Microsoft Corp. | Reduce -37.7% | 0.04% | −0.03 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -0.1% | 0.66% | −0.02 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -22.4% | 0.03% | −0.01 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.01 |
| DBEF Xtrackers MSCI Eafe Hedged E | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -21.3% | 0.03% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.5% | 0.12% | −0.01 |
| VTHR Vanguard Russell 3000 | Reduce -16.9% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Reduce -4.8% | 0.01% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -1.8% | 0.27% | −0.00 |
| IVE iShares S&P 500 Value ETF | Reduce -2.9% | 0.08% | −0.00 |
| DHR Danaher Corp. | Reduce -1.3% | 0.04% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -18.9% | 0.01% | −0.00 |
| VNQ Vanguard Real Estate ETF | Reduce -6.3% | 0.03% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.8% | 0.10% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.8% | 0.03% | −0.00 |
| BAC Bank of America Corp. | Reduce -9.8% | 0.01% | −0.00 |
| RSP Invesco S&P 500 Equal Weight | Reduce -5.4% | 0.01% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -1.5% | 0.02% | −0.00 |
| EFV iShares MSCI Eafe Value ETF | Reduce -5.0% | 0.01% | −0.00 |
| VTWG Vanguard Russell 2000 Growth | Reduce -8.9% | 0.01% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.4% | 0.14% | −0.00 |
| COP Conocophillips | Reduce -0.7% | 0.01% | −0.00 |
| VONE Vanguard Russell 1000 | Reduce -0.3% | 1.23% | +0.00 |
| GE General Electric | Reduce -1.1% | 0.03% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.8% | 0.04% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.8% | 0.11% | +0.01 |
| IWF iShares Russell 1000 Growth | Reduce -1.0% | 1.89% | +0.03 |
| EEM iShares MSCI Emerging Market | Reduce -0.1% | 4.07% | +0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -8.2% | 0.91% | +0.14 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +5.8% | 10.95% | +0.65 |
| IEMG iShares Core MSCI Emerging | Add +8.2% | 5.80% | +0.56 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +191.8% | 0.19% | +0.13 |
| VWO Vanguard Ftse Emerging Marke | Add +1.6% | 3.11% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.1% | 2.96% | +0.11 |
| SPEM State Street SP PTF Em ETF | Add +184.7% | 0.08% | +0.06 |
| SLGN Silgan Holdings Inc. | New | 0.02% | +0.02 |
| GDRX Goodrx Holdings Inc. Class A | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.01% | +0.00 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.4% | 0.11% | +0.00 |
| VGK Vanguard Ftse Europe ETF | Add +3.8% | 0.35% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Add +1.9% | 4.87% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.4% | 12.82% | −0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF · principal | Add +19.0% | 5,243,494 | $121.2M |
| BND Vanguard Total Bond Market | TOTAL BND MRKT · principal | Add +7.0% | 459,862 | $34.2M |
| VCIT Vanguard Int-Term Corporate | INT-TERM CORP · principal | Add +9.2% | 366,767 | $30.8M |
| SPMB SS SPDR P Mort Back Bond ETF | ST STR BACKE ETF · principal | Add +11.3% | 1,301,665 | $29.2M |
| VTEB Vanguard Tax-Exempt Bond ETF | TAX EXEMPT BD · principal | Add +7.2% | 429,988 | $21.5M |
| GBDC Golub Capital BDC Inc. | COM · principal | Add +0.4% | 929,966 | $12.7M |
| SCHP Schwab U.S. Tips ETF | US TIPS ETF · principal | Add +12.1% | 439,541 | $11.8M |
| VT Vanguard Tot World STK ETF | TT WRLD ST ETF · principal | Add +845.7% | 81,707 | $11.3M |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | Reduce -4.1% | 65,524 | $6.6M |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | Reduce -5.8% | 60,479 | $6.4M |
| TIP iShares Tips Bond ETF | TIPS BD ETF · principal | Add +4.2% | 56,225 | $6.3M |
| VGSH Vanguard Short-Term Treasury | SHORT TERM TREAS · principal | Sold out | 105,183 | $6.2Mbefore exit |
| LTPZ PIMCO 15+ YR US Tips Indx | 15+ YR US TIPS · principal | Add +4.5% | 58,832 | $3.1M |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | Reduce -0.4% | 66,630 | $2.0M |
| SUB iShares Short-Term National | SHRT NAT MUN ETF · principal | Add +7.2% | 17,098 | $1.8M |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | Add +1.8% | 17,400 | $1.6M |
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 |