Klingman & Associates, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Klingman & Associates, LLC reported 319 stock positions worth $2.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.1% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 4.8%) and Vanguard Short-Term Tips (VTIP, 4.5%). Compared with Q2 2025, it opened 30 new positions, sold out of 25, added to 145 and reduced 96. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001662449
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0001172661-25-004438 ↗ filed Oct 27, 2025
Holdings Value
Holdings 319 stocks · $2.0B
| IVV iShares Core S&P 500 ETF | 17.14% | 507,621 | $339.8M | Reduce -0.8% |
| IJH iShares Core S&P Midcap ETF | 4.76% | 1,444,799 | $94.3M | Add +3.4% |
| VTIP Vanguard Short-Term Tips | 4.55% | 1,779,660 | $90.1M | Add +9.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.96% | 117,901 | $78.5M | Reduce -0.3% |
| IEFA iShares Core MSCI Eafe ETF | 3.69% | 838,650 | $73.2M | Add +12.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.61% | 684,950 | $71.6M | Reduce -4.3% |
| AAPL Apple Inc. | 3.50% | 272,103 | $69.3M | Add +4.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.33% | 1,194,210 | $66.1M | Reduce -0.2% |
| IJR iShares Core S&P Small-Cap E | 3.31% | 551,551 | $65.5M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 3.24% | 1,071,049 | $64.2M | Add +6.5% |
| VWO Vanguard Ftse Emerging Marke | 2.68% | 981,006 | $53.2M | Reduce -0.3% |
| USMV iShares MSCI USA Min Vol Fac | 1.78% | 370,580 | $35.3M | Reduce -1.1% |
| IBDU iShares Ibonds Dec 2029 Term | 1.68% | 1,421,892 | $33.4M | Add +5.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.60% | 1,435,980 | $31.8M | Add +7.3% |
| RWL Invesco S&P 500 Revenue ETF | 1.59% | 285,548 | $31.6M | Add +0.3% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.56% | 370,971 | $30.9M | Reduce -0.4% |
| PRF Invesco Rafi US 1000 ETF | 1.55% | 681,499 | $30.8M | Reduce -0.7% |
| IEMG iShares Core MSCI Emerging | 1.53% | 458,703 | $30.2M | Add +5.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.52% | 1,419,923 | $30.1M | Add +8.3% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.50% | 325,832 | $29.8M | Reduce -0.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.50% | 1,161,401 | $29.6M | Add +4.3% |
| SDY SS SPDR S&P Dividend ETF | 1.37% | 193,866 | $27.2M | Reduce -0.7% |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.26% | 282,377 | $25.0M | Reduce -0.7% |
| MDY State Street SPDR S&P Midcap | 1.26% | 41,928 | $25.0M | Reduce -1.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.21% | 988,062 | $24.0M | Reduce -0.3% |
| CFG Citizens Financial Group | 1.20% | 447,137 | $23.8M | Add +0.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.98% | 802,857 | $19.5M | Reduce -1.9% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.97% | 204,487 | $19.3M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.93% | 35,542 | $18.4M | Add +4.4% |
| IBDX iShares Ibonds Dec 2032 TC | 0.87% | 675,192 | $17.3M | Add +31.3% |
| DDOG Datadog Inc. Class A | 0.84% | 116,300 | $16.6M | Reduce -16.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.76% | 46,092 | $15.1M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.63% | 57,007 | $12.5M | Add +11.4% |
| NYF iShares New York Muni Bond E | 0.63% | 233,173 | $12.4M | Add +4.9% |
| SCZ iShares MSCI Eafe Small-Cap | 0.62% | 159,550 | $12.2M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.58% | 61,289 | $11.4M | Add +14.8% |
| JPM JPMorgan Chase & Co. | 0.46% | 28,601 | $9.0M | Add +38.4% |
| IWB iShares Russell 1000 ETF | 0.41% | 22,053 | $8.1M | No change |
| IWM iShares Russell 2000 ETF | 0.39% | 32,023 | $7.7M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 0.37% | 30,459 | $7.4M | Add +14.3% |
| JLL Jones Lang Lasalle Inc. | 0.35% | 23,487 | $7.0M | Reduce -21.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 13,596 | $6.8M | Add +26.4% |
| VOO Vanguard S&P 500 ETF | 0.34% | 11,112 | $6.8M | Add +0.2% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.34% | 273,026 | $6.6M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 0.32% | 25,761 | $6.3M | Add +11.6% |
| VNQ Vanguard Real Estate ETF | 0.26% | 55,445 | $5.1M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.24% | 6,515 | $4.8M | Add +10.7% |
| DVY iShares Select Dividend ETF | 0.23% | 32,281 | $4.6M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.22% | 38,901 | $4.4M | Add +6.5% |
| MA Mastercard Inc. Class A | 0.22% | 7,599 | $4.3M | Add +0.8% |
| AVGO Broadcom Inc. | 0.21% | 12,635 | $4.2M | Add +11.5% |
| SPLV Invesco S&P 500 Low Volatili | 0.21% | 55,871 | $4.1M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.21% | 14,525 | $4.1M | Add +2.2% |
| SOXX iShares Semiconductor ETF | 0.19% | 13,969 | $3.8M | Reduce -1.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.19% | 51,710 | $3.7M | Add +1.1% |
| DFAT Dimensional US Target Value | 0.18% | 61,618 | $3.6M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.16% | 17,601 | $3.3M | Reduce -3.6% |
| TSLA Tesla Inc. | 0.16% | 7,169 | $3.2M | Add +11.5% |
| V Visa Inc. Class A | 0.16% | 9,091 | $3.1M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.16% | 3,329 | $3.1M | Add +3.1% |
| ABBV Abbvie Inc. | 0.15% | 12,718 | $2.9M | Reduce -2.6% |
| EFA iShares MSCI Eafe ETF | 0.14% | 30,304 | $2.8M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 9,258 | $2.8M | Add +1.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 10,685 | $2.7M | No change |
| HD Home Depot Inc. | 0.13% | 6,590 | $2.7M | Reduce -2.8% |
| BX Blackstone Inc. | 0.13% | 15,116 | $2.6M | Add +0.5% |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 13,608 | $2.6M | Reduce -4.0% |
| PG The Procter & Gamble Co. | 0.13% | 16,637 | $2.6M | Add +20.6% |
| HDV iShares Core High Dividend E | 0.13% | 20,674 | $2.5M | Add +0.0% |
| IXUS iShares Core Intl Stock ETF | 0.12% | 29,945 | $2.5M | Add +4.0% |
| CROX Crocs Inc. | 0.12% | 29,362 | $2.5M | Add +1.1% |
| JPST JPMorgan Ultra-Short Income | 0.12% | 47,808 | $2.4M | Reduce -11.3% |
| DE Deere & Co. | 0.12% | 5,219 | $2.4M | Add +164.8% |
| LAMR Lamar Advertising Co. Class A | 0.12% | 18,976 | $2.3M | Add +18.9% |
| IWN iShares Russell 2000 Value E | 0.12% | 12,942 | $2.3M | No change |
| OEF iShares S&P 100 ETF | 0.12% | 6,861 | $2.3M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.11% | 14,792 | $2.1M | Reduce -0.1% |
| RJF Raymond James Financial Inc. | 0.11% | 12,224 | $2.1M | Reduce -0.1% |
| WMT Walmart Inc. | 0.11% | 20,433 | $2.1M | Add +99.2% |
| AMAT Applied Materials Inc. | 0.11% | 10,264 | $2.1M | Reduce -44.9% |
| ADP Automatic Data Processing | 0.11% | 7,118 | $2.1M | Reduce -0.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.10% | 40,413 | $2.1M | No change |
| MINT PIMCO Enhanced Short Maturit | 0.10% | 20,500 | $2.1M | No change |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.10% | 23,146 | $2.0M | Reduce -2.1% |
| NFLX Netflix Inc. | 0.10% | 1,611 | $1.9M | Add +8.3% |
| C Citigroup Inc. | 0.10% | 19,016 | $1.9M | Add +4.0% |
| PJT PJT Partners Inc. Class A | 0.09% | 10,577 | $1.9M | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 3,810 | $1.8M | Add +18.9% |
| LLY Eli Lilly & Co. | 0.09% | 2,377 | $1.8M | Add +6.5% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.09% | 34,421 | $1.8M | Add +38.4% |
| ITOT iShares Core S&P Total U.S. | 0.09% | 11,643 | $1.7M | Reduce -14.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,823 | $1.7M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.08% | 12,284 | $1.6M | Reduce -1.6% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.08% | 14,807 | $1.6M | No change |
| RWK Invesco S&P Midcap 400 Rev | 0.08% | 12,954 | $1.6M | No change |
| MCD McDonald's Corp. | 0.08% | 5,267 | $1.6M | Reduce -3.1% |
| CPNG Coupang Inc. | 0.08% | 48,994 | $1.6M | Reduce -3.9% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 6,794 | $1.5M | Reduce -0.4% |
| GEV GE Vernova Inc. | 0.07% | 2,345 | $1.4M | Add +3.2% |
| COMP Compass Inc. Class A | 0.07% | 172,325 | $1.4M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 17.14% | −0.38 |
| DDOG Datadog Inc. Class A | Reduce -16.9% | 0.84% | −0.20 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.1% | 1.78% | −0.16 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -4.3% | 3.61% | −0.15 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.2% | 3.33% | −0.12 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -0.3% | 1.21% | −0.11 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -1.9% | 0.98% | −0.11 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.7% | 1.37% | −0.09 |
| AMAT Applied Materials Inc. | Reduce -44.9% | 0.11% | −0.08 |
| JLL Jones Lang Lasalle Inc. | Reduce -21.7% | 0.35% | −0.07 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -0.4% | 1.56% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 3.96% | −0.06 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -0.6% | 1.50% | −0.06 |
| MDY State Street SPDR S&P Midcap | Reduce -1.1% | 1.26% | −0.06 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.7% | 1.55% | −0.05 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Reduce -4.0% | 0.34% | −0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -1.9% | 0.62% | −0.03 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -0.2% | 0.97% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -11.3% | 0.12% | −0.03 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.3% | 0.21% | −0.02 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.02 |
| ICSH iShares Ultra Short Duration | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Reduce -22.0% | 0.02% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -8.2% | 0.07% | −0.02 |
| ADP Automatic Data Processing | Reduce -0.1% | 0.11% | −0.02 |
| CRVL Corvel Corp. | Sold out | 0.00% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -14.4% | 0.09% | −0.02 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.02 |
| SSD Simpson Manufacturing Co. Inc. | Sold out | 0.00% | −0.02 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.01 |
| WTS Watts Water Technologies-A | Sold out | 0.00% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -21.3% | 0.05% | −0.01 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.01 |
| GOLF Acushnet Holdings Corp. | Sold out | 0.00% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.01 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.01 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 0.76% | −0.01 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.01 |
| RBC RBC Bearings Inc. | Sold out | 0.00% | −0.01 |
| FCN Fti Consulting Inc. | Sold out | 0.00% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.0% | 0.13% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -3.1% | 0.04% | −0.01 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.01 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Sold out | 0.00% | −0.01 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.01 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +4.8% | 3.50% | +0.56 |
| IEFA iShares Core MSCI Eafe ETF | Add +12.5% | 3.69% | +0.26 |
| IBDX iShares Ibonds Dec 2032 TC | Add +31.3% | 0.87% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +38.4% | 0.46% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +14.3% | 0.37% | +0.11 |
| NVDA Nvidia Corp. | Add +14.8% | 0.58% | +0.11 |
| CFG Citizens Financial Group | Add +0.0% | 1.20% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +11.6% | 0.32% | +0.09 |
| IJR iShares Core S&P Small-Cap E | Add +3.2% | 3.31% | +0.09 |
| IEMG iShares Core MSCI Emerging | Add +5.1% | 1.53% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +6.5% | 3.24% | +0.08 |
| DE Deere & Co. | Add +164.8% | 0.12% | +0.07 |
| VTIP Vanguard Short-Term Tips | Add +9.9% | 4.55% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +26.4% | 0.34% | +0.06 |
| WMT Walmart Inc. | Add +99.2% | 0.11% | +0.05 |
| PSX Phillips 66 | New | 0.05% | +0.05 |
| TSLA Tesla Inc. | Add +11.5% | 0.16% | +0.05 |
| JFLX JPMorgan Flexible Debt ETF | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +11.5% | 0.21% | +0.04 |
| ORCL Oracle Corp. | Add +2.2% | 0.21% | +0.03 |
| VDE Vanguard Energy ETF | New | 0.03% | +0.03 |
| WFC Wells Fargo & Co. | Add +179.0% | 0.04% | +0.03 |
| POST Post Holdings Inc. | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +98.1% | 0.06% | +0.03 |
| XLP SS Consumer Staples Sel Sect | New | 0.02% | +0.02 |
| IOO iShares Global 100 ETF | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +53.0% | 0.05% | +0.02 |
| MS Morgan Stanley | Add +54.0% | 0.05% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +38.4% | 0.09% | +0.02 |
| BAC Bank of America Corp. | Add +62.9% | 0.05% | +0.02 |
| VDC Vanguard Consumer Staple ETF | New | 0.02% | +0.02 |
| MMM 3M Co. | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| ITW Illinois Tool Works | Add +135.2% | 0.03% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +18.9% | 0.09% | +0.01 |
| DUK Duke Energy Corp. | New | 0.01% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +22.4% | 0.04% | +0.01 |
| GILD Gilead Sciences Inc. | New | 0.01% | +0.01 |
| DTD Wisdomtree US Total Dividend | New | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +11.4% | 0.63% | +0.01 |
| MDT Medtronic PLC | New | 0.01% | +0.01 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.01% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +77.7% | 0.03% | +0.01 |
| ANET Arista Networks Inc. | New | 0.01% | +0.01 |
| BRBR Bellring Brands Inc. | New | 0.01% | +0.01 |
| C Citigroup Inc. | Add +4.0% | 0.10% | +0.01 |
| XLE SS Energy Select Sector | New | 0.01% | +0.01 |
| GE General Electric | Add +1.3% | 0.14% | +0.01 |
| ROL Rollins Inc. | New | 0.01% | +0.01 |
| YUM Yum! Brands Inc. | New | 0.01% | +0.01 |
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 |