Neumann Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Neumann Capital Management, LLC reported 103 stock positions worth $341.9 million. Its top holding was Nvidia (NVDA) at 9.3% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 7.4%) and Oracle (ORCL, 5.9%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 19 and reduced 36. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −75%).

Most Recent 13F
Q2 2026
Location
FOSTER CITY, CA
CIK
0001631930
Portfolio Value
$341.9M (Q3 2025)
SEC Filing
0001754960-25-000678 ↗ filed Oct 16, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $280.5M Q1 2024 Q2 2024: $291.0M Q2 2024 Q3 2024: $300.6M Q3 2024 Q4 2024: $301.0M Q4 2024 Q1 2025: $289.3M Q1 2025 Q2 2025: $318.0M Q2 2025 Q3 2025: $341.9M $341.9M Q3 2025 Q4 2025: $346.1M Q4 2025 Q1 2026: $339.5M Q1 2026 Q2 2026: $151.2M Q2 2026

Holdings 103 stocks · $341.9M
NVDA Nvidia Corp. 9.31% 170,563 $31.8M Reduce -2.4%
IEFA iShares Core MSCI Eafe ETF 7.38% 288,796 $25.2M Reduce -2.2%
ORCL Oracle Corp. 5.85% 71,123 $20.0M Reduce -5.2%
AAPL Apple Inc. 5.80% 77,846 $19.8M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 5.08% 26,089 $17.4M Reduce -4.1%
IEMG iShares Core MSCI Emerging 4.39% 227,602 $15.0M Reduce -2.3%
IJR iShares Core S&P Small-Cap E 4.08% 117,417 $14.0M Reduce -1.0%
IJH iShares Core S&P Midcap ETF 3.98% 208,548 $13.6M Reduce -0.4%
BIV Vanguard Intermediate-Term B 3.70% 162,195 $12.7M Add +6.4%
GOOGL Alphabet Inc. Class A 3.19% 44,886 $10.9M Reduce -3.8%
DGS Wisdomtree Em Small Cap 2.68% 160,737 $9.2M Reduce -1.1%
VNQ Vanguard Real Estate ETF 1.71% 63,794 $5.8M Reduce -0.4%
DLS Wisdomtree Intl S/C DVD Fund 1.58% 68,148 $5.4M Reduce -1.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.53% 101,153 $5.2M Reduce -4.3%
SDY SS SPDR S&P Dividend ETF 1.35% 32,900 $4.6M Reduce -3.5%
BSV Vanguard Short-Term Bond ETF 1.35% 58,350 $4.6M Add +1.9%
IUSG iShares Core S&P U.S. Growth 1.35% 27,977 $4.6M Add +0.3%
DSI iShares ESG MSCI KLD 400 ETF 1.34% 36,468 $4.6M Add +0.9%
BNDX Vanguard Total Intl Bond ETF 1.33% 92,048 $4.6M Reduce -1.5%
IJK iShares S&P Mid-Cap 400 Grow 1.27% 45,295 $4.3M Add +3.3%
IJT iShares S&P Small-Cap 600 GR 1.21% 29,310 $4.1M Add +2.6%
GILD Gilead Sciences Inc. 1.20% 36,990 $4.1M Reduce -4.4%
VT Vanguard Tot World STK ETF 1.14% 28,316 $3.9M Add +1.4%
IJJ iShares S&P Mid-Cap 400 Valu 1.03% 27,110 $3.5M No change
JPM JPMorgan Chase & Co. 0.95% 10,346 $3.3M Reduce -10.3%
GM General Motors Co. 0.89% 50,000 $3.0M Reduce -3.1%
IJS iShares S&P Small-Cap 600 Va 0.89% 27,450 $3.0M Add +3.5%
MSFT Microsoft Corp. 0.85% 5,629 $2.9M Reduce -10.6%
EFA iShares MSCI Eafe ETF 0.85% 31,010 $2.9M Reduce -1.3%
CVS CVS Health Corp. 0.81% 36,951 $2.8M No change
JNJ Johnson & Johnson 0.81% 14,894 $2.8M No change
EAGG iShares ESG Aware US Aggrega 0.78% 55,450 $2.7M Add +5.2%
PEG Public Service Enterprise GP 0.77% 31,670 $2.6M Reduce -4.5%
CHRW C.H. Robinson Worldwide Inc. 0.73% 18,890 $2.5M No change
ESGD iShares Trust iShares ESG Aw 0.72% 26,380 $2.5M Add +2.7%
AMZN Amazon.com Inc. 0.70% 10,944 $2.4M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.62% 26,150 $2.1M Reduce -1.1%
ROP Roper Technologies Inc. 0.61% 4,170 $2.1M Add +2.2%
EFV iShares MSCI Eafe Value ETF 0.59% 29,785 $2.0M No change
IVE iShares S&P 500 Value ETF 0.58% 9,645 $2.0M Reduce -2.5%
VTI VG Morningstar TS MKT ETF-US 0.57% 5,914 $1.9M Reduce -15.3%
ALL Allstate Corp. 0.56% 8,956 $1.9M No change
VZ Verizon Communications Inc. 0.54% 42,359 $1.9M No change
ACN Accenture PLC Class A 0.53% 7,372 $1.8M Add +2.8%
CVX Chevron Corp. 0.53% 11,695 $1.8M No change
MCK McKesson Corp. 0.52% 2,300 $1.8M No change
ESGE iShares Inc. iShares ESG Awar 0.46% 36,285 $1.6M Reduce -0.4%
VOO Vanguard S&P 500 ETF 0.44% 2,469 $1.5M Add +30.6%
IWB iShares Russell 1000 ETF 0.42% 3,938 $1.4M Reduce -0.0%
SCHW Schwab (charles) Corp. 0.42% 15,032 $1.4M Reduce -0.7%
CSCO Cisco Systems Inc. 0.41% 20,606 $1.4M No change
NFLX Netflix Inc. 0.37% 1,069 $1.3M No change
IWM iShares Russell 2000 ETF 0.37% 5,208 $1.3M No change
IMCG iShares Morningstar Mid-Cap 0.36% 15,076 $1.2M No change
VLO Valero Energy Corp. 0.36% 7,321 $1.2M Reduce -6.3%
UNM Unum Group 0.36% 15,898 $1.2M No change
USHY iShares Broad Usd High Yield 0.35% 32,089 $1.2M Add +2.1%
TGT Target Corp. 0.35% 13,180 $1.2M Reduce -3.6%
WFC Wells Fargo & Co. 0.33% 13,622 $1.1M No change
IVW iShares S&P 500 Growth ETF 0.32% 8,950 $1.1M No change
FDL First Trust Morn DVD Lead Inc. 0.30% 23,950 $1.0M Reduce -13.7%
META Meta Platforms Inc. Class A 0.30% 1,415 $1.0M No change
NUSC Nuveen ESG Small-Cap ETF 0.30% 23,269 $1.0M Add +1.4%
VCIT Vanguard Int-Term Corporate 0.30% 12,063 $1.0M Reduce -6.1%
MMM 3M Co. 0.27% 6,011 $933K No change
GRNB Vaneck Green Bond ETF 0.24% 33,650 $822K No change
BMY Bristol-Myers Squibb Co. 0.23% 17,623 $795K Reduce -3.6%
PFE Pfizer Inc. 0.21% 28,588 $728K No change
STZ Constellation Brands Inc. Class A 0.19% 4,912 $661K Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 5,564 $637K No change
FISV Fiserv Inc. 0.18% 4,890 $630K No change
NUMV Nuveen ESG Mid-Cap Value ETF 0.18% 15,930 $616K Add +2.4%
EMXC iShares MSCI Emr MRK Ex Chna 0.18% 9,000 $608K No change
SUSC iShares ESG Aware Usd Corpor 0.17% 25,150 $593K Reduce -6.7%
MRK Merck & Co. Inc. 0.17% 6,785 $569K Add +15.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.17% 11,311 $566K Reduce -75.1%
NUMG Nuveen ESG Mid-Cap Grow ETF 0.16% 11,380 $554K Add +1.8%
DVY iShares Select Dividend ETF 0.16% 3,819 $543K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.16% 4,848 $540K Reduce -2.8%
EEMV iShares MSCI Emg MKT Min Vol 0.15% 8,236 $526K No change
SRE Sempra 0.14% 5,347 $481K No change
IWF iShares Russell 1000 Growth 0.14% 1,022 $479K No change
NEE Nextera Energy Inc. 0.14% 6,134 $463K No change
MDY State Street SPDR S&P Midcap 0.13% 750 $447K No change
IVV iShares Core S&P 500 ETF 0.12% 600 $402K No change
CMI Cummins Inc. 0.12% 950 $401K No change
V Visa Inc. Class A 0.12% 1,170 $399K Reduce -0.2%
COP Conocophillips 0.11% 4,088 $387K No change
NOC Northrop Grumman Corp. 0.11% 602 $367K No change
CMF iShares California Muni Bond 0.10% 6,000 $342K New
VWO Vanguard Ftse Emerging Marke 0.10% 6,300 $341K No change
IBB iShares Biotechnology ETF 0.09% 2,238 $323K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.09% 642 $298K No change
MS Morgan Stanley 0.08% 1,800 $286K No change
UNP Union Pacific Corp. 0.08% 1,171 $277K No change
VGT Vanguard Info Tech ETF 0.08% 350 $261K No change
EFG iShares MSCI Eafe Growth ETF 0.07% 2,125 $242K No change
TSCO Tractor Supply Company 0.07% 4,000 $227K No change
IWS iShares Russell Mid-Cap Valu 0.06% 1,524 $213K No change
HD Home Depot Inc. 0.06% 525 $213K New

Show all 103 holdings

Portfolio Sells Q2 2025 → Q3 2025
VTEB Vanguard Tax-Exempt Bond ETF Reduce -75.1% 0.17% −0.54
IEFA iShares Core MSCI Eafe ETF Reduce -2.2% 7.38% −0.38
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.1% 5.08% −0.20
GILD Gilead Sciences Inc. Reduce -4.4% 1.20% −0.15
DGS Wisdomtree Em Small Cap Reduce -1.1% 2.68% −0.14
MSFT Microsoft Corp. Reduce -10.6% 0.85% −0.13
BNDX Vanguard Total Intl Bond ETF Reduce -1.5% 1.33% −0.12
SDY SS SPDR S&P Dividend ETF Reduce -3.5% 1.35% −0.11
GS Goldman Sachs Group Inc. Sold out 0.00% −0.10
PEG Public Service Enterprise GP Reduce -4.5% 0.77% −0.10
IJH iShares Core S&P Midcap ETF Reduce -0.4% 3.98% −0.10
VTI VG Morningstar TS MKT ETF-US Reduce -15.3% 0.57% −0.10
JPM JPMorgan Chase & Co. Reduce -10.3% 0.95% −0.10
VNQ Vanguard Real Estate ETF Reduce -0.4% 1.71% −0.09
TGT Target Corp. Reduce -3.6% 0.35% −0.08
FDL First Trust Morn DVD Lead Inc. Reduce -13.7% 0.30% −0.06
STZ Constellation Brands Inc. Class A Reduce -0.5% 0.19% −0.06
DLS Wisdomtree Intl S/C DVD Fund Reduce -1.6% 1.58% −0.05
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -1.1% 0.62% −0.05
BAC Bank of America Corp. Reduce -4.3% 1.53% −0.05
VCIT Vanguard Int-Term Corporate Reduce -6.1% 0.30% −0.04
EFA iShares MSCI Eafe ETF Reduce -1.3% 0.85% −0.04
BMY Bristol-Myers Squibb Co. Reduce -3.6% 0.23% −0.03
IVE iShares S&P 500 Value ETF Reduce -2.5% 0.58% −0.03
SUSC iShares ESG Aware Usd Corpor Reduce -6.7% 0.17% −0.02
SCHW Schwab (charles) Corp. Reduce -0.7% 0.42% −0.01
V Visa Inc. Class A Reduce -0.2% 0.12% −0.01
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -2.8% 0.16% −0.01
IEMG iShares Core MSCI Emerging Reduce -2.3% 4.39% −0.01
IWB iShares Russell 1000 ETF Reduce -0.0% 0.42% +0.00
IJR iShares Core S&P Small-Cap E Reduce -1.0% 4.08% +0.00
ESGE iShares Inc. iShares ESG Awar Reduce -0.4% 0.46% +0.01
VLO Valero Energy Corp. Reduce -6.3% 0.36% +0.03
GM General Motors Co. Reduce -3.1% 0.89% +0.09
GOOGL Alphabet Inc. Class A Reduce -3.8% 3.19% +0.61
NVDA Nvidia Corp. Reduce -2.4% 9.31% +0.63
ORCL Oracle Corp. Reduce -5.2% 5.85% +0.69

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +0.2% 5.80% +0.79
VOO Vanguard S&P 500 ETF Add +30.6% 0.44% +0.10
CMF iShares California Muni Bond New 0.10% +0.10
HD Home Depot Inc. New 0.06% +0.06
CDNS Cadence Design SYS Inc. New 0.06% +0.06
IWD iShares Russell 1000 Value E New 0.06% +0.06
IJS iShares S&P Small-Cap 600 Va Add +3.5% 0.89% +0.06
IUSG iShares Core S&P U.S. Growth Add +0.3% 1.35% +0.03
DSI iShares ESG MSCI KLD 400 ETF Add +0.9% 1.34% +0.02
MRK Merck & Co. Inc. Add +15.3% 0.17% +0.02
IJT iShares S&P Small-Cap 600 GR Add +2.6% 1.21% +0.02
IJK iShares S&P Mid-Cap 400 Grow Add +3.3% 1.27% +0.02
VT Vanguard Tot World STK ETF Add +1.4% 1.14% +0.01
NUSC Nuveen ESG Small-Cap ETF Add +1.4% 0.30% +0.01
NUMV Nuveen ESG Mid-Cap Value ETF Add +2.4% 0.18% +0.00
ESGD iShares Trust iShares ESG Aw Add +2.7% 0.72% −0.00
BIV Vanguard Intermediate-Term B Add +6.4% 3.70% −0.00
NUMG Nuveen ESG Mid-Cap Grow ETF Add +1.8% 0.16% −0.01
EAGG iShares ESG Aware US Aggrega Add +5.2% 0.78% −0.01
USHY iShares Broad Usd High Yield Add +2.1% 0.35% −0.02
BSV Vanguard Short-Term Bond ETF Add +1.9% 1.35% −0.07
ROP Roper Technologies Inc. Add +2.2% 0.61% −0.12
ACN Accenture PLC Class A Add +2.8% 0.53% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 58$151.2MIJR, BIV, IJH, VNQ, IUSG
Q1 2026 102$339.5MNVDA, IEFA, AAPL, BIV, IEMG
Q4 2025 101$346.1MNVDA, IEFA, AAPL, SPY, IEMG
Q3 2025 103$341.9MNVDA, IEFA, ORCL, AAPL, SPY
Q2 2025 100$318.0MNVDA, IEFA, SPY, ORCL, AAPL
Q1 2025 99$289.3MIEFA, NVDA, AAPL, SPY, IEMG
Q4 2024 101$301.0MNVDA, IEFA, AAPL, SPY, IJR
Q3 2024 101$300.6MNVDA, IEFA, AAPL, SPY, IJR
Q2 2024 98$291.0MNVDA, IEFA, AAPL, SPY, IJH
Q1 2024 98$280.5MIEFA, NVDA, SPY, AAPL, IJH