Klingman & Associates, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Klingman & Associates, LLC reported 263 stock positions worth $1.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 18.2% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.1%) and Vanguard Short-Term Tips (VTIP, 4.3%). Compared with Q4 2024, it opened 20 new positions, sold out of 11, added to 133 and reduced 63. The biggest buy was a new position in Ishrs Ibnds Dec 27 Corp. ETF (IBDS) and the biggest sale PJT Partners Class A (PJT, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001662449
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001172661-25-001721 ↗ filed May 13, 2025
Holdings Value
Holdings 263 stocks · $1.6B
| IVV iShares Core S&P 500 ETF | 18.20% | 528,936 | $297.2M | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 5.12% | 1,432,678 | $83.6M | Add +3.6% |
| VTIP Vanguard Short-Term Tips | 4.30% | 1,408,916 | $70.3M | Add +7.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.11% | 119,956 | $67.1M | Add +0.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.54% | 1,132,034 | $57.8M | Add +3.1% |
| IJR iShares Core S&P Small-Cap E | 3.52% | 549,890 | $57.5M | Add +2.3% |
| AAPL Apple Inc. | 3.44% | 253,189 | $56.2M | Add +0.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.39% | 689,483 | $55.4M | Add +2.3% |
| IEFA iShares Core MSCI Eafe ETF | 3.24% | 698,801 | $52.9M | Add +6.5% |
| VEA Vanguard Ftse Developed ETF | 3.00% | 963,057 | $49.0M | Add +9.1% |
| VWO Vanguard Ftse Emerging Marke | 2.24% | 808,311 | $36.6M | Add +4.1% |
| USMV iShares MSCI USA Min Vol Fac | 2.17% | 377,973 | $35.4M | Reduce -0.1% |
| IBDU iShares Ibonds Dec 2029 Term | 1.89% | 1,332,602 | $30.8M | Add +4.0% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.75% | 1,312,798 | $28.5M | Add +12.3% |
| RWL Invesco S&P 500 Revenue ETF | 1.73% | 284,369 | $28.2M | Add +6.3% |
| PRF Invesco Rafi US 1000 ETF | 1.71% | 691,425 | $27.9M | Reduce -0.1% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.70% | 1,098,833 | $27.8M | Add +1.1% |
| SDY SS SPDR S&P Dividend ETF | 1.68% | 202,040 | $27.4M | Reduce -1.0% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.63% | 346,152 | $26.7M | Add +0.8% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.63% | 1,282,281 | $26.6M | Add +25.2% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.47% | 302,748 | $24.1M | Add +0.9% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.47% | 990,859 | $24.0M | New |
| MDY State Street SPDR S&P Midcap | 1.38% | 42,360 | $22.6M | Add +0.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.26% | 262,088 | $20.5M | Add +2.8% |
| IBDR iShares Ibonds Dec 2026 Term | 1.23% | 828,755 | $20.1M | New |
| CFG Citizens Financial Group | 1.12% | 447,198 | $18.3M | Add +9.2% |
| DDOG Datadog Inc. Class A | 0.98% | 160,540 | $15.9M | Add +0.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.91% | 179,669 | $14.9M | Add +4.0% |
| IEMG iShares Core MSCI Emerging | 0.88% | 266,767 | $14.4M | Add +10.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.79% | 46,756 | $12.9M | Add +0.1% |
| NYF iShares New York Muni Bond E | 0.73% | 227,887 | $12.0M | Add +3.4% |
| MSFT Microsoft Corp. | 0.70% | 30,257 | $11.4M | Add +4.8% |
| SCZ iShares MSCI Eafe Small-Cap | 0.66% | 170,065 | $10.8M | Reduce -0.8% |
| IBDX iShares Ibonds Dec 2032 TC | 0.60% | 393,449 | $9.8M | New |
| AMZN Amazon.com Inc. | 0.53% | 45,565 | $8.7M | Add +1.0% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.45% | 304,329 | $7.4M | Reduce -0.6% |
| IWB iShares Russell 1000 ETF | 0.41% | 22,053 | $6.8M | No change |
| IWM iShares Russell 2000 ETF | 0.39% | 32,131 | $6.4M | Add +0.0% |
| JLL Jones Lang Lasalle Inc. | 0.38% | 25,328 | $6.3M | No change |
| VOO Vanguard S&P 500 ETF | 0.35% | 11,130 | $5.7M | Add +24.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 9,965 | $5.3M | Add +6.3% |
| VNQ Vanguard Real Estate ETF | 0.30% | 54,000 | $4.9M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 0.29% | 19,347 | $4.7M | Add +6.9% |
| NVDA Nvidia Corp. | 0.27% | 40,721 | $4.4M | Add +9.1% |
| DVY iShares Select Dividend ETF | 0.27% | 32,672 | $4.4M | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.26% | 57,181 | $4.3M | No change |
| XOM Exxon Mobil Corp. | 0.26% | 35,703 | $4.2M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.25% | 26,168 | $4.1M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 0.24% | 7,214 | $4.0M | Reduce -0.3% |
| CROX Crocs Inc. | 0.20% | 30,334 | $3.2M | Add +0.7% |
| DFAT Dimensional US Target Value | 0.20% | 62,218 | $3.2M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.19% | 51,137 | $3.1M | Add +27.4% |
| GOOGL Alphabet Inc. Class A | 0.18% | 19,263 | $3.0M | Add +0.6% |
| JPST JPMorgan Ultra-Short Income | 0.18% | 57,410 | $2.9M | Add +10.9% |
| COST Costco Wholesale Corp. | 0.18% | 3,068 | $2.9M | Reduce -0.6% |
| EFA iShares MSCI Eafe ETF | 0.17% | 34,718 | $2.8M | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.17% | 4,914 | $2.8M | Add +6.4% |
| JNJ Johnson & Johnson | 0.17% | 16,984 | $2.8M | Add +13.4% |
| V Visa Inc. Class A | 0.17% | 7,819 | $2.7M | Add +2.8% |
| AMAT Applied Materials Inc. | 0.16% | 18,443 | $2.7M | Add +2.5% |
| SOXX iShares Semiconductor ETF | 0.16% | 14,185 | $2.7M | Add +6.7% |
| HD Home Depot Inc. | 0.16% | 7,089 | $2.6M | Reduce -8.5% |
| HDV iShares Core High Dividend E | 0.15% | 20,711 | $2.5M | Reduce -0.5% |
| RSP Invesco S&P 500 Equal Weight | 0.15% | 14,428 | $2.5M | Reduce -1.7% |
| ABBV Abbvie Inc. | 0.15% | 11,683 | $2.4M | Add +4.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 10,665 | $2.4M | Reduce -2.9% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.13% | 43,163 | $2.2M | No change |
| PJT PJT Partners Inc. Class A | 0.13% | 15,567 | $2.1M | Reduce -66.8% |
| BX Blackstone Inc. | 0.13% | 15,179 | $2.1M | Add +15.9% |
| ADP Automatic Data Processing | 0.13% | 6,763 | $2.1M | Reduce -5.0% |
| PG The Procter & Gamble Co. | 0.13% | 12,117 | $2.1M | Add +18.0% |
| MINT PIMCO Enhanced Short Maturit | 0.13% | 20,507 | $2.1M | Add +0.0% |
| IWN iShares Russell 2000 Value E | 0.12% | 12,942 | $2.0M | No change |
| IXUS iShares Core Intl Stock ETF | 0.12% | 27,875 | $1.9M | Reduce -1.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.12% | 24,321 | $1.9M | Reduce -2.3% |
| OEF iShares S&P 100 ETF | 0.11% | 6,861 | $1.9M | Add +2.2% |
| LAMR Lamar Advertising Co. Class A | 0.11% | 15,539 | $1.8M | New |
| ORCL Oracle Corp. | 0.11% | 12,311 | $1.7M | Add +2.8% |
| GE General Electric filed as GE AEROSPACE | 0.10% | 8,489 | $1.7M | Add +2.1% |
| RJF Raymond James Financial Inc. | 0.10% | 12,203 | $1.7M | Add +16.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.10% | 32,201 | $1.6M | Add +59.4% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 13,405 | $1.6M | Reduce -3.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 13,336 | $1.6M | Reduce -17.8% |
| LLY Eli Lilly & Co. | 0.10% | 1,886 | $1.6M | Add +9.3% |
| MCD McDonald's Corp. | 0.10% | 4,975 | $1.6M | Add +17.7% |
| COMP Compass Inc. Class A | 0.09% | 172,325 | $1.5M | Add +72.3% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.09% | 14,886 | $1.5M | No change |
| AVGO Broadcom Inc. | 0.09% | 8,620 | $1.4M | Add +1.8% |
| ABT Abbott Laboratories | 0.09% | 10,614 | $1.4M | Add +5.1% |
| RWK Invesco S&P Midcap 400 Rev | 0.09% | 12,954 | $1.4M | No change |
| DFIP Dimensional Inflation-Protec | 0.08% | 32,841 | $1.4M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 2,856 | $1.3M | Add +1.5% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 6,898 | $1.3M | Add +4.8% |
| TSLA Tesla Inc. | 0.08% | 5,050 | $1.3M | Reduce -3.1% |
| VYM Vanguard High DVD Yield ETF | 0.07% | 9,272 | $1.2M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 4,682 | $1.2M | Add +3.1% |
| RWJ Invesco S&P Smallcap 600 | 0.07% | 28,569 | $1.2M | No change |
| SCHF Schwab Intl Equity ETF | 0.07% | 58,733 | $1.2M | Add +14.6% |
| NEE Nextera Energy Inc. | 0.07% | 16,342 | $1.2M | Reduce -3.7% |
| NFLX Netflix Inc. | 0.07% | 1,222 | $1.1M | Add +6.0% |
Portfolio Sells Q4 2024 → Q1 2025
| PJT PJT Partners Inc. Class A | Reduce -66.8% | 0.13% | −0.34 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 0.25% | −0.07 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.1% | 1.71% | −0.05 |
| TSLA Tesla Inc. | Reduce -3.1% | 0.08% | −0.05 |
| ARES Ares Management Corp. Class A | Reduce -48.2% | 0.02% | −0.03 |
| HD Home Depot Inc. | Reduce -8.5% | 0.16% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.0% | 1.68% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -29.4% | 0.05% | −0.02 |
| TJX TJX Companies Inc. | Reduce -17.8% | 0.10% | −0.02 |
| SYK Stryker Corp. | Reduce -35.4% | 0.04% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.9% | 0.14% | −0.02 |
| ECL Ecolab Inc. | Reduce -54.0% | 0.02% | −0.02 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.02 |
| ROST Ross Stores Inc. | Reduce -15.8% | 0.04% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -30.5% | 0.04% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -39.8% | 0.02% | −0.02 |
| QLD Proshares Ultra QQQ | Sold out | 0.00% | −0.02 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.02 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -35.0% | 0.02% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.01 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.01 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Sold out | 0.00% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.2% | 0.10% | −0.01 |
| ADBE Adobe Inc. | Reduce -15.8% | 0.02% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.7% | 0.15% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 0.06% | −0.01 |
| ACN Accenture PLC Class A | Reduce -1.9% | 0.04% | −0.01 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.04% | −0.01 |
| UNP Union Pacific Corp. | Reduce -28.2% | 0.02% | −0.01 |
| WSM Williams-Sonoma Inc. | Reduce -7.0% | 0.02% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -3.7% | 0.07% | −0.01 |
| IBMP iShares Ibonds Dec 2027 Term | Reduce -13.0% | 0.03% | −0.01 |
| PHAT Phathom Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -5.0% | 0.13% | −0.01 |
| IBMO iShares Ibonds Dec 2026 Term | Reduce -16.7% | 0.02% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -2.3% | 0.04% | −0.01 |
| URI United Rentals Inc. | Reduce -1.5% | 0.03% | −0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.0% | 0.03% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -16.2% | 0.02% | −0.00 |
| DHR Danaher Corp. | Reduce -1.1% | 0.02% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.3% | 0.04% | −0.00 |
| IBMQ iShares Ibonds Dec 2028 Muni | Reduce -8.3% | 0.03% | −0.00 |
| J Jacobs Solutions Inc. | Reduce -1.2% | 0.02% | −0.00 |
| PPG PPG Industries Inc. | Reduce -2.1% | 0.02% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -26.4% | 0.01% | −0.00 |
| VRP Invesco Variable Rate Prefer | Reduce -5.0% | 0.04% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 1.47% | +1.47 |
| IBDR iShares Ibonds Dec 2026 Term | New | 1.23% | +1.23 |
| IBDX iShares Ibonds Dec 2032 TC | New | 0.60% | +0.60 |
| VEA Vanguard Ftse Developed ETF | Add +9.1% | 3.00% | +0.33 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.5% | 3.24% | +0.32 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +25.2% | 1.63% | +0.31 |
| VTIP Vanguard Short-Term Tips | Add +7.8% | 4.30% | +0.30 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +12.3% | 1.75% | +0.17 |
| LAMR Lamar Advertising Co. Class A | New | 0.11% | +0.11 |
| IEMG iShares Core MSCI Emerging | Add +10.0% | 0.88% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +4.1% | 2.24% | +0.08 |
| RWL Invesco S&P 500 Revenue ETF | Add +6.3% | 1.73% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.3% | 0.32% | +0.06 |
| COMP Compass Inc. Class A | Add +72.3% | 0.09% | +0.06 |
| HUBB Hubbell Inc. | New | 0.05% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +24.4% | 0.35% | +0.05 |
| VEU Vanguard Ftse All-World Ex-U | Add +27.4% | 0.19% | +0.04 |
| IBDU iShares Ibonds Dec 2029 Term | Add +4.0% | 1.89% | +0.04 |
| JMST JPM Ultra-Short Muni Income | Add +59.4% | 0.10% | +0.04 |
| JNJ Johnson & Johnson | Add +13.4% | 0.17% | +0.04 |
| PFE Pfizer Inc. | New | 0.03% | +0.03 |
| MO Altria Group Inc. | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +4.3% | 0.15% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| ICSH iShares Ultra Short Duration | New | 0.02% | +0.02 |
| CGMS Cap Group US Multi-Sect Bond | New | 0.02% | +0.02 |
| PM Philip Morris International | Add +38.1% | 0.04% | +0.02 |
| DE Deere & Co. | Add +39.7% | 0.06% | +0.02 |
| BND Vanguard Total Bond Market | New | 0.02% | +0.02 |
| MCD McDonald's Corp. | Add +17.7% | 0.10% | +0.02 |
| PG The Procter & Gamble Co. | Add +18.0% | 0.13% | +0.02 |
| KO The Coca-Cola Co. | Add +31.5% | 0.05% | +0.02 |
| PGR Progressive Corp. | Add +59.2% | 0.04% | +0.02 |
| CAT Caterpillar Inc. | Add +128.4% | 0.03% | +0.02 |
| GE General Electric | Add +2.1% | 0.10% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +6.9% | 0.29% | +0.02 |
| V Visa Inc. Class A | Add +2.8% | 0.17% | +0.02 |
| CB Chubb Ltd. | New | 0.02% | +0.02 |
| NSC Norfolk Southern Corp. | New | 0.02% | +0.02 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | New | 0.01% | +0.01 |
| ABT Abbott Laboratories | Add +5.1% | 0.09% | +0.01 |
| CVS CVS Health Corp. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +19.4% | 0.05% | +0.01 |
| TSN Tyson Foods Inc. Class A | New | 0.01% | +0.01 |
| JPST JPMorgan Ultra-Short Income | Add +10.9% | 0.18% | +0.01 |
| STLD Steel Dynamics Inc. | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| D Dominion Energy Inc. | New | 0.01% | +0.01 |
| ED Consolidated Edison Inc. | Add +49.0% | 0.03% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | Sold out | 1,005,322 | $24.1Mbefore exit |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | Sold out | 859,368 | $20.7Mbefore exit |
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 | 350 | $2.3B | IVV, VTIP, IJH, IEFA, VEA |
| Q1 2026 | 330 | $2.1B | IVV, VTIP, IJH, IEFA, VEA |
| Q4 2025 | 326 | $2.1B | IVV, VTIP, IJH, IEFA, SPY |
| Q3 2025 | 319 | $2.0B | IVV, IJH, VTIP, SPY, IEFA |
| Q2 2025 | 314 | $1.8B | IVV, IJH, VTIP, SPY, SPYG |
| Q1 2025 | 263 | $1.6B | IVV, IJH, VTIP, SPY, SPYV |
| Q4 2024 | 254 | $1.6B | IVV, IJH, SPY, VTIP, AAPL |
| Q3 2024 | 265 | $1.6B | IVV, IJH, SPY, IJR, SPYV |
| Q2 2024 | 249 | $1.5B | IVV, IJH, SPY, VTIP, IJR |
| Q1 2024 | 235 | $1.4B | IVV, IJH, SPY, VTIP, SPYV |