Laird Norton Wetherby Trust Company, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Laird Norton Wetherby Trust Company, LLC reported 65 stock positions worth $582.0 million. Its top holding was Microsoft (MSFT) at 29.6% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 10.2%) and VG Morningstar TS MKT ETF-US (VTI, 7.6%). Compared with Q2 2025, it opened 4 new positions, sold out of 8, added to 7 and reduced 17. The biggest buy was a new position in Intuit (INTU) and the biggest sale Microsoft (MSFT, shares −50%).

Most Recent 13F
Q2 2026
Location
Seattle, WA
CIK
0000723204
Portfolio Value
$582.0M (Q3 2025)
SEC Filing
0001172661-25-004803 ↗ filed Nov 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $738.2M Q1 2024 Q2 2024: $709.0M Q2 2024 Q3 2024: $763.6M Q3 2024 Q4 2024: $731.4M Q4 2024 Q1 2025: $621.6M Q1 2025 Q2 2025: $727.8M Q2 2025 Q3 2025: $582.0M $582.0M Q3 2025 Q4 2025: $4.8B Q4 2025 Q1 2026: $4.6B Q1 2026 Q2 2026: $5.2B Q2 2026

Holdings 65 stocks · $582.0M
MSFT Microsoft Corp. 29.60% 332,575 $172.3M Reduce -50.0%
VEU Vanguard Ftse All-World Ex-U 10.21% 832,463 $59.4M Reduce -9.1%
VTI VG Morningstar TS MKT ETF-US 7.62% 134,673 $44.3M Reduce -13.8%
VWO Vanguard Ftse Emerging Marke 4.64% 497,919 $27.0M Reduce -0.3%
VEA Vanguard Ftse Developed ETF 4.25% 412,709 $24.7M Reduce -0.5%
AAPL Apple Inc. 3.67% 83,988 $21.4M No change
IVW iShares S&P 500 Growth ETF 3.39% 163,647 $19.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.92% 39,500 $11.1M No change
VT Vanguard Tot World STK ETF 1.90% 80,364 $11.1M Add +15.0%
NVDA Nvidia Corp. 1.85% 57,789 $10.8M Add +3.1%
MUB iShares National Muni Bond E 1.69% 92,430 $9.8M Reduce -3.3%
AMZN Amazon.com Inc. 1.68% 44,555 $9.8M Reduce -42.0%
PHYS Sprott Physical Gold Trust 1.66% 327,081 $9.7M Add +7.4%
GETY Getty Images Holdings Inc. 1.65% 4,851,391 $9.6M No change
GS Goldman Sachs Group Inc. 1.51% 11,000 $8.8M No change
EFA iShares MSCI Eafe ETF 1.45% 90,252 $8.4M No change
INTU Intuit Inc. 1.31% 11,200 $7.6M New
JPM JPMorgan Chase & Co. 1.29% 23,890 $7.5M No change
ABT Abbott Laboratories 1.25% 54,100 $7.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.15% 10,000 $6.7M No change
BND Vanguard Total Bond Market 1.08% 84,356 $6.3M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.99% 11,404 $5.7M No change
VXUS Vanguard Total Intl Stock 0.92% 72,531 $5.3M Reduce -12.8%
XOM Exxon Mobil Corp. 0.89% 45,904 $5.2M No change
PG The Procter & Gamble Co. 0.88% 33,365 $5.1M No change
MMM 3M Co. 0.80% 29,850 $4.6M No change
HD Home Depot Inc. 0.79% 11,310 $4.6M No change
CVX Chevron Corp. 0.76% 28,324 $4.4M No change
IWB iShares Russell 1000 ETF 0.75% 11,953 $4.4M Reduce -47.3%
IJH iShares Core S&P Midcap ETF 0.73% 64,825 $4.2M No change
GOOG Alphabet Inc. Class C 0.67% 16,005 $3.9M No change
SUSA iShares ESG Optimized MSCI U 0.63% 27,064 $3.7M No change
IWR iShares Russell Mid-Cap ETF 0.50% 29,850 $2.9M No change
NEE Nextera Energy Inc. 0.49% 37,705 $2.8M No change
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.47% 97,972 $2.8M Add +218.3%
USB US Bancorp 0.44% 52,300 $2.6M No change
AMAT Applied Materials Inc. 0.43% 12,235 $2.5M No change
PLTR Palantir Technologies Inc. Class A 0.39% 12,569 $2.3M No change
ANIX Anixa Biosciences Inc. 0.34% 597,235 $2.0M Reduce -3.2%
IGF iShares Global Infrastructur 0.34% 32,071 $2.0M Add +94.2%
SOFI Sofi Technologies Inc. 0.29% 64,495 $1.7M No change
VTEB Vanguard Tax-Exempt Bond ETF 0.27% 31,954 $1.6M Reduce -33.7%
SBUX Starbucks Corp. 0.27% 18,278 $1.5M No change
JMIA Jumia Technologies AG-ADR 0.23% 116,325 $1.4M No change
PCAR Paccar Inc. 0.19% 11,126 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 20,602 $1.1M No change
FCX Freeport-McMoran Inc. 0.17% 25,000 $981K No change
AFRM Affirm Holdings Inc. 0.16% 12,721 $930K No change
FLR Fluor Corp. 0.16% 21,500 $905K No change
IEMG iShares Core MSCI Emerging 0.15% 13,025 $859K No change
ANGX Angel Studios Inc. 0.11% 112,456 $653K New
WIT Wipro Ltd.-ADR 0.10% 230,041 $605K Add +5.1%
BNDX Vanguard Total Intl Bond ETF 0.10% 12,083 $598K No change
VZ Verizon Communications Inc. 0.09% 12,294 $540K Reduce -27.8%
FITB Fifth Third Bancorp 0.09% 11,795 $530K No change
DBC Invesco DB Commodity Index T 0.08% 20,714 $467K No change
RELY Remitly Global Inc. 0.08% 27,901 $455K Reduce -73.5%
DBX Dropbox Inc. Class A 0.07% 14,336 $433K No change
IX Orix - Sponsored ADR filed as ORIX CORP 0.06% 13,400 $350K No change
SCHR Schwab Intermediate-Term US 0.06% 12,756 $321K New
EMLC Vaneck JPM Em Local Curr BND 0.05% 11,000 $281K New
HLN Haleon PLC-ADR 0.04% 24,951 $224K Reduce -36.1%
LPL LG Display Co. Ltd.-ADR 0.02% 25,339 $132K Reduce -31.7%
INMB Inmune Bio Inc. 0.01% 25,000 $52K Reduce -32.4%
LONA Leonabio Inc. filed as ATHIRA PHARMA INC 0.01% 10,088 $42K Reduce -20.8%

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -50.0% 29.60% −15.81
AMZN Amazon.com Inc. Reduce -42.0% 1.68% −0.64
IWB iShares Russell 1000 ETF Reduce -47.3% 0.75% −0.31
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.24
RELY Remitly Global Inc. Reduce -73.5% 0.08% −0.19
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.11
RDFN Redfin Corp. Sold out 0.00% −0.09
VTEB Vanguard Tax-Exempt Bond ETF Reduce -33.7% 0.27% −0.05
PL Planet Labs PBC Sold out 0.00% −0.03
HLN Haleon PLC-ADR Reduce -36.1% 0.04% −0.02
SAN Banco Santander SA-Spon ADR Sold out 0.00% −0.01
F Ford Motor Co. Sold out 0.00% −0.01
NVNO Envveno Medical Corporation Sold out 0.00% −0.01
VZ Verizon Communications Inc. Reduce -27.8% 0.09% −0.01
GWH Ess Tech Inc. Sold out 0.00% −0.00
INMB Inmune Bio Inc. Reduce -32.4% 0.01% −0.00
LONA Leonabio Inc. Reduce -20.8% 0.01% +0.00
LPL LG Display Co. Ltd.-ADR Reduce -31.7% 0.02% +0.01
ANIX Anixa Biosciences Inc. Reduce -3.2% 0.34% +0.06
VXUS Vanguard Total Intl Stock Reduce -12.8% 0.92% +0.13
MUB iShares National Muni Bond E Reduce -3.3% 1.69% +0.32
VEA Vanguard Ftse Developed ETF Reduce -0.5% 4.25% +1.00
VTI VG Morningstar TS MKT ETF-US Reduce -13.8% 7.62% +1.08
VWO Vanguard Ftse Emerging Marke Reduce -0.3% 4.64% +1.24
VEU Vanguard Ftse All-World Ex-U Reduce -9.1% 10.21% +1.75

Portfolio Buys Q2 2025 → Q3 2025
INTU Intuit Inc. New 1.31% +1.31
VT Vanguard Tot World STK ETF Add +15.0% 1.90% +0.67
NVDA Nvidia Corp. Add +3.1% 1.85% +0.64
PHYS Sprott Physical Gold Trust Add +7.4% 1.66% +0.60
BWIN Baldwin Insurance Group Inc./ Add +218.3% 0.47% +0.29
BND Vanguard Total Bond Market Add +0.2% 1.08% +0.23
IGF iShares Global Infrastructur Add +94.2% 0.34% +0.20
ANGX Angel Studios Inc. New 0.11% +0.11
SCHR Schwab Intermediate-Term US New 0.06% +0.06
EMLC Vaneck JPM Em Local Curr BND New 0.05% +0.05
WIT Wipro Ltd.-ADR Add +5.1% 0.10% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,017$5.2BVTI, AAPL, MSFT, NVDA, VEA
Q1 2026 982$4.6BMSFT, VTI, AAPL, NVDA, VEA
Q4 2025 1,020$4.8BMSFT, AAPL, VTI, NVDA, BRK.A
Q3 2025 65$582.0MMSFT, VEU, VTI, VWO, VEA
Q2 2025 69$727.8MMSFT, VEU, VTI, VWO, VEA
Q1 2025 67$621.6MMSFT, VEU, VTI, VWO, VEA
Q4 2024 80$731.4MMSFT, VEU, VTI, VWO, AAPL
Q3 2024 84$763.6MMSFT, VEU, VTI, VWO, AAPL
Q2 2024 72$709.0MMSFT, VEU, VTI, VWO, AAPL
Q1 2024 83$738.2MMSFT, VEU, VTI, VWO, AAPL