Klingman & Associates, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Klingman & Associates, LLC reported 314 stock positions worth $1.8 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.5% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 4.8%) and Vanguard Short-Term Tips (VTIP, 4.5%). Compared with Q1 2025, it opened 59 new positions, sold out of 8, added to 145 and reduced 67. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +64%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001662449
- Portfolio Value
- $1.8B (Q2 2025)
- SEC Filing
- 0001172661-25-002789 ↗ filed Jul 30, 2025
Holdings Value
Holdings 314 stocks · $1.8B
| IVV iShares Core S&P 500 ETF | 17.52% | 511,769 | $317.8M | Reduce -3.3% |
| IJH iShares Core S&P Midcap ETF | 4.78% | 1,397,827 | $86.7M | Reduce -2.4% |
| VTIP Vanguard Short-Term Tips | 4.49% | 1,618,829 | $81.4M | Add +14.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.03% | 118,212 | $73.0M | Reduce -1.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.76% | 716,008 | $68.2M | Add +3.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.45% | 1,196,168 | $62.6M | Add +5.7% |
| IEFA iShares Core MSCI Eafe ETF | 3.43% | 745,623 | $62.2M | Add +6.7% |
| IJR iShares Core S&P Small-Cap E | 3.22% | 534,526 | $58.4M | Reduce -2.8% |
| VEA Vanguard Ftse Developed ETF | 3.16% | 1,005,173 | $57.3M | Add +4.4% |
| AAPL Apple Inc. | 2.94% | 259,702 | $53.3M | Add +2.6% |
| VWO Vanguard Ftse Emerging Marke | 2.68% | 984,182 | $48.7M | Add +21.8% |
| USMV iShares MSCI USA Min Vol Fac | 1.94% | 374,660 | $35.2M | Reduce -0.9% |
| IBDU iShares Ibonds Dec 2029 Term | 1.73% | 1,346,557 | $31.4M | Add +1.1% |
| RWL Invesco S&P 500 Revenue ETF | 1.64% | 284,786 | $29.7M | Add +0.1% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.63% | 372,304 | $29.6M | Add +7.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.62% | 1,338,959 | $29.4M | Add +2.0% |
| PRF Invesco Rafi US 1000 ETF | 1.60% | 686,277 | $29.0M | Reduce -0.7% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.57% | 327,619 | $28.5M | Add +8.2% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.56% | 1,113,518 | $28.3M | Add +1.3% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.52% | 1,311,440 | $27.6M | Add +2.3% |
| SDY SS SPDR S&P Dividend ETF | 1.46% | 195,246 | $26.5M | Reduce -3.4% |
| IEMG iShares Core MSCI Emerging | 1.44% | 436,432 | $26.2M | Add +63.6% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.33% | 991,308 | $24.1M | Add +0.1% |
| MDY State Street SPDR S&P Midcap | 1.32% | 42,378 | $24.0M | Add +0.0% |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.25% | 284,381 | $22.7M | Add +8.5% |
| CFG Citizens Financial Group | 1.10% | 447,081 | $20.0M | Reduce -0.0% |
| IBDR iShares Ibonds Dec 2026 Term | 1.09% | 818,441 | $19.8M | Reduce -1.2% |
| DDOG Datadog Inc. Class A | 1.04% | 139,972 | $18.8M | Reduce -12.8% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.00% | 204,846 | $18.2M | Add +14.0% |
| MSFT Microsoft Corp. | 0.93% | 34,050 | $16.9M | Add +12.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.78% | 46,249 | $14.1M | Reduce -1.1% |
| IBDX iShares Ibonds Dec 2032 TC | 0.72% | 514,089 | $13.0M | Add +30.7% |
| SCZ iShares MSCI Eafe Small-Cap | 0.65% | 162,668 | $11.8M | Reduce -4.3% |
| NYF iShares New York Muni Bond E | 0.64% | 222,354 | $11.6M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 0.62% | 51,175 | $11.2M | Add +12.3% |
| NVDA Nvidia Corp. | 0.47% | 53,387 | $8.4M | Add +31.1% |
| JLL Jones Lang Lasalle Inc. | 0.42% | 29,997 | $7.7M | Add +18.4% |
| IWB iShares Russell 1000 ETF | 0.41% | 22,053 | $7.5M | No change |
| IWM iShares Russell 2000 ETF | 0.38% | 32,082 | $6.9M | Reduce -0.1% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.38% | 284,315 | $6.9M | Reduce -6.6% |
| VOO Vanguard S&P 500 ETF | 0.35% | 11,091 | $6.3M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.33% | 20,662 | $6.0M | Add +6.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 10,752 | $5.2M | Add +7.9% |
| VNQ Vanguard Real Estate ETF | 0.27% | 54,397 | $4.8M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 0.26% | 26,660 | $4.7M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.24% | 5,886 | $4.3M | Add +19.8% |
| DVY iShares Select Dividend ETF | 0.24% | 32,681 | $4.3M | Add +0.0% |
| MA Mastercard Inc. Class A | 0.23% | 7,535 | $4.2M | Add +4.5% |
| SPLV Invesco S&P 500 Low Volatili | 0.23% | 57,181 | $4.2M | No change |
| GOOGL Alphabet Inc. Class A | 0.22% | 23,078 | $4.1M | Add +19.8% |
| XOM Exxon Mobil Corp. | 0.22% | 36,542 | $3.9M | Add +2.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.19% | 51,137 | $3.4M | No change |
| AMAT Applied Materials Inc. | 0.19% | 18,610 | $3.4M | Add +0.9% |
| SOXX iShares Semiconductor ETF | 0.19% | 14,185 | $3.4M | No change |
| DFAT Dimensional US Target Value | 0.19% | 62,218 | $3.4M | No change |
| COST Costco Wholesale Corp. | 0.18% | 3,229 | $3.2M | Add +5.3% |
| V Visa Inc. Class A | 0.17% | 8,824 | $3.1M | Add +12.8% |
| AVGO Broadcom Inc. | 0.17% | 11,332 | $3.1M | Add +31.5% |
| ORCL Oracle Corp. | 0.17% | 14,215 | $3.1M | Add +15.5% |
| CROX Crocs Inc. | 0.16% | 29,030 | $2.9M | Reduce -4.3% |
| JNJ Johnson & Johnson | 0.15% | 18,258 | $2.8M | Add +7.5% |
| EFA iShares MSCI Eafe ETF | 0.15% | 30,804 | $2.8M | Reduce -11.3% |
| JPST JPMorgan Ultra-Short Income | 0.15% | 53,910 | $2.7M | Reduce -6.1% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 14,178 | $2.6M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 10,685 | $2.5M | Add +0.2% |
| HD Home Depot Inc. | 0.14% | 6,781 | $2.5M | Reduce -4.3% |
| ABBV Abbvie Inc. | 0.13% | 13,054 | $2.4M | Add +11.7% |
| HDV iShares Core High Dividend E | 0.13% | 20,668 | $2.4M | Reduce -0.2% |
| GE General Electric filed as GE AEROSPACE | 0.13% | 9,139 | $2.4M | Add +7.7% |
| BX Blackstone Inc. | 0.12% | 15,049 | $2.3M | Reduce -0.9% |
| IXUS iShares Core Intl Stock ETF | 0.12% | 28,780 | $2.2M | Add +3.3% |
| PG The Procter & Gamble Co. | 0.12% | 13,801 | $2.2M | Add +13.9% |
| ADP Automatic Data Processing | 0.12% | 7,128 | $2.2M | Add +5.4% |
| OEF iShares S&P 100 ETF | 0.12% | 6,861 | $2.1M | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.11% | 40,413 | $2.1M | Reduce -6.4% |
| MINT PIMCO Enhanced Short Maturit | 0.11% | 20,500 | $2.1M | Reduce -0.0% |
| TSLA Tesla Inc. | 0.11% | 6,432 | $2.0M | Add +27.4% |
| IWN iShares Russell 2000 Value E | 0.11% | 12,942 | $2.0M | No change |
| NFLX Netflix Inc. | 0.11% | 1,487 | $2.0M | Add +21.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.11% | 23,636 | $2.0M | Reduce -2.8% |
| LAMR Lamar Advertising Co. Class A | 0.11% | 15,956 | $1.9M | Add +2.7% |
| RJF Raymond James Financial Inc. | 0.10% | 12,239 | $1.9M | Add +0.3% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 13,606 | $1.8M | Add +1.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 14,807 | $1.8M | Add +11.0% |
| PJT PJT Partners Inc. Class A | 0.10% | 10,567 | $1.7M | Reduce -32.1% |
| LLY Eli Lilly & Co. | 0.10% | 2,232 | $1.7M | Add +18.4% |
| ABT Abbott Laboratories | 0.09% | 12,490 | $1.7M | Add +17.7% |
| MCD McDonald's Corp. | 0.09% | 5,437 | $1.6M | Add +9.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,827 | $1.6M | Reduce -1.0% |
| C Citigroup Inc. | 0.09% | 18,276 | $1.6M | Add +401.8% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.09% | 14,807 | $1.6M | Reduce -0.5% |
| CPNG Coupang Inc. | 0.08% | 50,999 | $1.5M | Add +5.7% |
| RWK Invesco S&P Midcap 400 Rev | 0.08% | 12,954 | $1.5M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 5,046 | $1.5M | Add +7.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.08% | 3,204 | $1.4M | Add +20.7% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 6,821 | $1.4M | Reduce -1.1% |
| DFIP Dimensional Inflation-Protec | 0.07% | 31,534 | $1.3M | Reduce -4.0% |
| SCHF Schwab Intl Equity ETF | 0.07% | 58,733 | $1.3M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 13,897 | $1.3M | Add +11.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.07% | 24,877 | $1.3M | Reduce -22.7% |
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -3.3% | 17.52% | −0.68 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.4% | 4.78% | −0.34 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.8% | 3.22% | −0.30 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.9% | 1.94% | −0.23 |
| SDY SS SPDR S&P Dividend ETF | Reduce -3.4% | 1.46% | −0.22 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -1.2% | 1.09% | −0.13 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.7% | 1.60% | −0.11 |
| NYF iShares New York Muni Bond E | Reduce -2.4% | 0.64% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 4.03% | −0.08 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Reduce -6.6% | 0.38% | −0.07 |
| SPEM State Street SP PTF Em ETF | Sold out | 0.00% | −0.05 |
| PJT PJT Partners Inc. Class A | Reduce -32.1% | 0.10% | −0.04 |
| CROX Crocs Inc. | Reduce -4.3% | 0.16% | −0.04 |
| JMST JPM Ultra-Short Muni Income | Reduce -22.7% | 0.07% | −0.03 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -6.1% | 0.15% | −0.03 |
| HD Home Depot Inc. | Reduce -4.3% | 0.14% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -11.3% | 0.15% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -11.3% | 0.02% | −0.02 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -6.4% | 0.11% | −0.02 |
| HDV iShares Core High Dividend E | Reduce -0.2% | 0.13% | −0.02 |
| CFG Citizens Financial Group | Reduce -0.0% | 1.10% | −0.02 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.02 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.01 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.01 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Reduce -0.0% | 0.11% | −0.01 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.01 |
| DFIP Dimensional Inflation-Protec | Reduce -4.0% | 0.07% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.1% | 0.78% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -32.9% | 0.01% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.7% | 0.14% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -0.1% | 0.38% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -4.3% | 0.65% | −0.01 |
| BXSL Blackstone Secured Lending F | Reduce -22.1% | 0.02% | −0.01 |
| GBDC Golub Capital BDC Inc. | Reduce -17.1% | 0.02% | −0.01 |
| F Ford Motor Co. | Reduce -51.0% | 0.01% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -29.4% | 0.02% | −0.01 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -2.8% | 0.11% | −0.01 |
| IBMP iShares Ibonds Dec 2027 Term | Reduce -11.8% | 0.02% | −0.01 |
| IBMQ iShares Ibonds Dec 2028 Muni | Reduce -11.5% | 0.03% | −0.01 |
| BX Blackstone Inc. | Reduce -0.9% | 0.12% | −0.01 |
| IBMO iShares Ibonds Dec 2026 Term | Reduce -16.5% | 0.02% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -6.1% | 0.03% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -20.6% | 0.01% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.1% | 0.08% | −0.01 |
| SBUX Starbucks Corp. | Reduce -1.8% | 0.02% | −0.00 |
| GIS General Mills Inc. | Reduce -1.3% | 0.02% | −0.00 |
| IAU iShares Gold Trust | Reduce -11.1% | 0.02% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| IEMG iShares Core MSCI Emerging | Add +63.6% | 1.44% | +0.56 |
| VWO Vanguard Ftse Emerging Marke | Add +21.8% | 2.68% | +0.44 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +3.9% | 3.76% | +0.37 |
| MSFT Microsoft Corp. | Add +12.5% | 0.93% | +0.24 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.7% | 3.43% | +0.20 |
| NVDA Nvidia Corp. | Add +31.1% | 0.47% | +0.19 |
| VTIP Vanguard Short-Term Tips | Add +14.9% | 4.49% | +0.18 |
| VEA Vanguard Ftse Developed ETF | Add +4.4% | 3.16% | +0.16 |
| IBDX iShares Ibonds Dec 2032 TC | Add +30.7% | 0.72% | +0.11 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +8.2% | 1.57% | +0.10 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +14.0% | 1.00% | +0.09 |
| AMZN Amazon.com Inc. | Add +12.3% | 0.62% | +0.09 |
| AVGO Broadcom Inc. | Add +31.5% | 0.17% | +0.08 |
| C Citigroup Inc. | Add +401.8% | 0.09% | +0.07 |
| META Meta Platforms Inc. Class A | Add +19.8% | 0.24% | +0.07 |
| ORCL Oracle Corp. | Add +15.5% | 0.17% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +19.8% | 0.22% | +0.04 |
| NFLX Netflix Inc. | Add +21.7% | 0.11% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +6.8% | 0.33% | +0.04 |
| JLL Jones Lang Lasalle Inc. | Add +18.4% | 0.42% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| TSLA Tesla Inc. | Add +27.4% | 0.11% | +0.03 |
| INTU Intuit Inc. | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | Add +8.2% | 0.07% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | New | 0.03% | +0.03 |
| GE General Electric | Add +7.7% | 0.13% | +0.03 |
| SPOT Spotify Technology SA | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | Add +0.9% | 0.19% | +0.02 |
| CAT Caterpillar Inc. | Add +63.3% | 0.06% | +0.02 |
| SE Sea Ltd.-ADR | New | 0.02% | +0.02 |
| UBER Uber Technologies Inc. | New | 0.02% | +0.02 |
| BLK BlackRock Inc. | Add +57.2% | 0.06% | +0.02 |
| CSX CSX Corp. | Add +182.9% | 0.03% | +0.02 |
| PM Philip Morris International | Add +44.5% | 0.07% | +0.02 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| SAP Sap SE-Sponsored ADR | New | 0.02% | +0.02 |
| PRI Primerica Inc. | New | 0.02% | +0.02 |
| CPNG Coupang Inc. | Add +5.7% | 0.08% | +0.02 |
| KKR KKR & Co. Inc. | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.02% | +0.02 |
| KLAC KLA Corp. | New | 0.02% | +0.02 |
| EME Emcor Group Inc. | New | 0.02% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +20.7% | 0.08% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| TXN Texas Instruments Inc. | Add +39.4% | 0.05% | +0.02 |
| FAST Fastenal Co. | New | 0.02% | +0.02 |
| AXP American Express Co. | Add +107.5% | 0.03% | +0.02 |
| PAYX Paychex Inc. | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | New | 0.02% | +0.02 |
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 |