Pathway Financial Advisors LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Pathway Financial Advisors LLC reported 133 stock positions worth $683.5 million. Its top holding was Goldman Sachs Access Treasur (GBIL) at 17.5% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 11.1%) and Vanguard Mrngstr Val ETF-Aui (VTV, 11.1%). Compared with Q1 2025, it opened 9 new positions, sold out of 45, added to 35 and reduced 43. The biggest buy was iShares MSCI Acwi ETF (ACWI, shares +6876%) and the biggest sale Goldman Sachs Access Treasur (GBIL, shares −17%).

Most Recent 13F
Q2 2026
Location
SOUTH BURLINGTON, VT
CIK
0001738828
Portfolio Value
$683.5M (Q2 2025)
SEC Filing
0001738828-25-000006 ↗ filed Jul 25, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $369.8M Q1 2024 Q2 2024: $370.3M Q2 2024 Q3 2024: $389.7M Q3 2024 Q4 2024: $434.7M Q4 2024 Q1 2025: $555.2M Q1 2025 Q2 2025: $683.5M $683.5M Q2 2025 Q3 2025: $750.2M Q3 2025 Q4 2025: $796.0M Q4 2025 Q1 2026: $808.3M Q1 2026 Q2 2026: $857.3M Q2 2026

Holdings 133 stocks · $683.5M
GBIL Goldman Sachs Access Treasur 17.53% 1,196,415 $119.8M Reduce -17.0%
VUG Vanguard Mrngstar GR ETF-Sui 11.14% 173,696 $76.1M Add +27.2%
VTV Vanguard Mrngstr Val ETF-Aui 11.07% 428,204 $75.7M Add +27.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.97% 121,452 $34.0M Add +26.9%
ACWI iShares MSCI Acwi ETF 4.60% 244,292 $31.4M Add +6875.8%
VGIT Vanguard Intermediate-Term T 4.38% 500,885 $30.0M Add +67.3%
IEMG iShares Core MSCI Emerging 3.32% 377,758 $22.7M Add +60.1%
VGUS Vanguard Ultra SHRT Treasury 3.25% 294,387 $22.2M Add +58.9%
VBIL Vanguard 0-3M T-Bill ETF 3.01% 272,127 $20.6M Add +145.3%
IJR iShares Core S&P Small-Cap E 2.56% 159,800 $17.5M Add +45.5%
UITB Victoryshares Core Intermedi 2.48% 360,500 $17.0M Add +127.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.20% 24,359 $15.1M Add +0.4%
MXI iShares Global Materials ETF 2.13% 170,172 $14.5M Add +15.6%
GUNR NT Mstar GLBL NR ETF 1.92% 327,259 $13.1M Add +33.6%
IEFA iShares Core MSCI Eafe ETF 1.48% 120,964 $10.1M Add +274.9%
VIG Vanguard Dividend Apprec ETF 1.23% 40,988 $8.4M No change
ASIA Matthews Pacific Tiger ETF 1.05% 245,306 $7.2M Reduce -23.2%
BKCI BNY Mellon Concentrated Intl 1.05% 139,482 $7.2M Add +240.8%
QGRO American Century US Quality 1.02% 63,587 $6.9M Add +7.0%
HON Honeywell International Inc. 0.92% 27,085 $6.3M Reduce -2.9%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.88% 140,753 $6.0M No change
EFA iShares MSCI Eafe ETF 0.84% 64,366 $5.8M Reduce -21.0%
IVE iShares S&P 500 Value ETF 0.84% 29,262 $5.7M No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.81% 59,988 $5.5M Reduce -1.7%
VB Vanguard Most SM-Cap ETF-Usd 0.67% 19,396 $4.6M Reduce -2.9%
NVDA Nvidia Corp. 0.52% 22,371 $3.5M Add +1.9%
IVW iShares S&P 500 Growth ETF 0.49% 30,150 $3.3M Add +15.2%
AAPL Apple Inc. 0.46% 15,448 $3.2M Reduce -32.9%
MSFT Microsoft Corp. 0.46% 6,281 $3.1M Reduce -0.2%
IWR iShares Russell Mid-Cap ETF 0.45% 33,355 $3.1M Add +12.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.43% 15,133 $3.0M No change
IWD iShares Russell 1000 Value E 0.42% 14,660 $2.8M Reduce -0.1%
EEMS iShares MSCI Emerging MKT SM 0.39% 41,231 $2.7M Add +37.9%
AAXJ iShares MSCI All Country Asi 0.38% 31,590 $2.6M Reduce -4.8%
QQQ Invesco QQQ Trust Series 1 0.35% 4,385 $2.4M No change
EEM iShares MSCI Emerging Market 0.33% 47,365 $2.3M No change
MEMS Matthews Em Discovery 0.33% 86,078 $2.3M Add +47.2%
CHD Church & Dwight Co. Inc. 0.32% 22,786 $2.2M No change
IJT iShares S&P Small-Cap 600 GR 0.32% 16,404 $2.2M Reduce -3.1%
DDX Defined Duration 10 ETF 0.30% 86,564 $2.0M Add +1.1%
PSEP Innovator U.S. Equity Power 0.29% 48,335 $2.0M Reduce -2.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.29% 11,864 $2.0M No change
VGT Vanguard Info Tech ETF 0.28% 2,852 $1.9M No change
IYM iShares U.S. Basic Materials 0.25% 12,172 $1.7M Reduce -0.6%
VWO Vanguard Ftse Emerging Marke 0.24% 32,481 $1.6M Add +7.8%
XLK SS Technology Select Sector 0.21% 5,602 $1.4M No change
VAW Vanguard Materials ETF 0.21% 7,240 $1.4M No change
AGG iShares Core U.S. Aggregate 0.21% 14,146 $1.4M Reduce -8.0%
VTI VG Morningstar TS MKT ETF-US 0.21% 4,614 $1.4M Add +17.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.20% 4,891 $1.4M No change
SHV iShares 0-1 Year Treasury Bo 0.19% 11,481 $1.3M No change
ITOT iShares Core S&P Total U.S. 0.18% 9,200 $1.2M No change
DE Deere & Co. 0.18% 2,406 $1.2M No change
IWB iShares Russell 1000 ETF 0.17% 3,400 $1.2M No change
GMOI GMO International Value ETF 0.16% 38,368 $1.1M Add +272.0%
GLDM SPDR Gold Minishares Trust 0.16% 16,195 $1.1M Add +12.4%
CAT Caterpillar Inc. 0.15% 2,700 $1.0M Reduce -23.4%
IQLT iShares MSCI International Q 0.15% 23,257 $1.0M Add +7.4%
SPTI SS SPDR P Int Term TSY ETF 0.14% 33,991 $978K Reduce -10.3%
IVV iShares Core S&P 500 ETF 0.14% 1,502 $932K No change
VOO Vanguard S&P 500 ETF 0.13% 1,618 $919K Add +1.1%
CVLC Calvert US L-C CR Resp Index 0.13% 11,984 $917K No change
SGOV iShares 0-3 Month Treasury B 0.13% 8,510 $857K Add +8.3%
IWP iShares Russell Mid-Cap Grow 0.12% 5,950 $825K No change
AVGO Broadcom Inc. 0.12% 2,960 $816K Reduce -65.7%
VEA Vanguard Ftse Developed ETF 0.12% 13,904 $793K Reduce -0.8%
JPM JPMorgan Chase & Co. 0.12% 2,719 $788K Reduce -55.2%
JNJ Johnson & Johnson 0.11% 4,973 $760K Reduce -1.3%
GOOGL Alphabet Inc. Class A 0.11% 4,301 $758K No change
MUB iShares National Muni Bond E 0.11% 7,132 $745K Add +57.1%
EWG iShares MSCI Germany ETF 0.11% 17,500 $740K No change
PM Philip Morris International 0.10% 3,882 $707K Reduce -32.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.10% 2,100 $672K No change
QLTY GMO U.S. Quality ETF 0.10% 19,108 $655K New
SCHF Schwab Intl Equity ETF 0.10% 29,488 $652K No change
PG The Procter & Gamble Co. 0.09% 4,070 $648K Reduce -2.5%
GTO Invesco Total Return Bond Et 0.09% 13,209 $619K No change
CIGI Colliers Intl GR-Subord Vot 0.09% 4,500 $587K No change
META Meta Platforms Inc. Class A 0.09% 793 $585K Reduce -58.6%
ABBV Abbvie Inc. 0.09% 3,132 $581K Reduce -0.8%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.08% 2,555 $575K No change
IWV iShares Russell 3000 ETF 0.08% 1,600 $562K No change
PFD Flaherty & Crumrin Pre&inc F 0.08% 48,196 $545K Add +63.7%
BA The Boeing Co. 0.08% 2,543 $533K No change
VSGX Vanguard ESG Intl Stock ETF 0.08% 8,043 $527K No change
SPYV SS SPDR P S&P 500 Value ETF 0.07% 9,730 $509K New
XLE SS Energy Select Sector 0.07% 5,975 $507K Reduce -34.0%
IWF iShares Russell 1000 Growth 0.07% 1,185 $503K Reduce -6.0%
SCHG Schwab US Large-Cap Growth 0.07% 16,872 $493K Add +0.1%
NSC Norfolk Southern Corp. 0.07% 1,901 $487K Reduce -44.5%
ABT Abbott Laboratories 0.07% 3,490 $475K Reduce -50.7%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.07% 11,874 $470K Reduce -0.7%
GNR State Street SPDR S&P Global 0.07% 8,431 $457K Reduce -34.3%
XJH Ishare ESG SS S&P Midcap ETF 0.06% 10,559 $438K No change
SCHX Schwab US Large-Cap ETF 0.06% 17,838 $436K No change
XOM Exxon Mobil Corp. 0.06% 3,884 $419K Reduce -3.3%
AMZN Amazon.com Inc. 0.06% 1,848 $405K Add +0.1%
DMXF iShares ESG Advanc MSCI Eafe 0.06% 5,176 $385K Reduce -3.9%
BRK.B Berkshire Hathaway Inc. Class B 0.05% 748 $363K Add +0.8%
TSLA Tesla Inc. 0.05% 1,141 $362K Add +4.6%
VEU Vanguard Ftse All-World Ex-U 0.05% 5,078 $341K New
SCHA Schwab US Small-Cap ETF 0.05% 13,427 $340K New
NOW ServiceNow Inc. 0.05% 313 $322K No change
KO The Coca-Cola Co. 0.05% 4,504 $319K Reduce -6.8%
EFAV iShares MSCI Eafe Min Vol Fa 0.05% 3,690 $310K Reduce -2.4%
MCO Moody's Corp. 0.04% 600 $301K No change
MCD McDonald's Corp. 0.04% 1,020 $298K Reduce -48.1%
SLF Sun Life Financial Inc. 0.04% 4,339 $288K No change
GDX Vaneck Gold Miners ETF 0.04% 5,500 $286K No change
UPS United Parcel Service Class B 0.04% 2,800 $283K Reduce -21.4%
ESML iShares ESG Aware MSCI USA S 0.04% 6,821 $282K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 925 $273K Reduce -2.4%
SPD Simplify US Eqty Plus Down 0.04% 7,115 $270K No change
MRSH Marsh & McLennan Cos 0.04% 1,200 $262K No change
CVX Chevron Corp. 0.04% 1,822 $261K Reduce -5.6%
MPC Marathon Petroleum Corp. 0.04% 1,554 $258K No change
ISCB iShares Morningstar SM Cap 0.04% 4,350 $254K New
EMR Emerson Electric Co. 0.04% 1,900 $253K Reduce -57.3%
CBU Community Financial System I 0.03% 4,196 $239K No change
IJH iShares Core S&P Midcap ETF 0.03% 3,742 $232K Reduce -2.5%
ESGD iShares Trust iShares ESG Aw 0.03% 2,549 $227K No change
IWM iShares Russell 2000 ETF 0.03% 1,046 $226K No change
GE General Electric filed as GE AEROSPACE 0.03% 857 $221K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 1,750 $217K Reduce -49.3%
XGLQX Clough Global Equity Fund 0.03% 30,207 $215K No change
GLD SPDR Gold Shares 0.03% 690 $210K New
MRK Merck & Co. Inc. 0.03% 2,596 $205K Reduce -7.3%
ORLY O'reilly Automotive Inc. 0.03% 2,250 $203K Reduce -68.6%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.03% 3,973 $202K No change
ORCL Oracle Corp. 0.03% 920 $201K New
MMM 3M Co. 0.03% 1,320 $201K New
LVTX Lava Therapeutics NV 0.02% 102,500 $135K No change
HL Hecla Mining Co. 0.02% 18,000 $108K No change

Portfolio Sells Q1 2025 → Q2 2025
GBIL Goldman Sachs Access Treasur Reduce -17.0% 17.53% −8.47
AAPL Apple Inc. Reduce -32.9% 0.46% −0.46
ASIA Matthews Pacific Tiger ETF Reduce -23.2% 1.05% −0.45
EFA iShares MSCI Eafe ETF Reduce -21.0% 0.84% −0.36
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -1.7% 0.81% −0.20
HD Home Depot Inc. Sold out 0.00% −0.17
JPM JPMorgan Chase & Co. Reduce -55.2% 0.12% −0.15
HON Honeywell International Inc. Reduce -2.9% 0.92% −0.14
AVGO Broadcom Inc. Reduce -65.7% 0.12% −0.14
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.9% 0.67% −0.13
TJX TJX Companies Inc. Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Reduce -58.6% 0.09% −0.11
GOOG Alphabet Inc. Class C Sold out 0.00% −0.10
LRCX Lam Research Corp. Sold out 0.00% −0.10
UNH Unitedhealth Group Inc. Sold out 0.00% −0.10
ABT Abbott Laboratories Reduce -50.7% 0.07% −0.10
JPST JPMorgan Ultra-Short Income Sold out 0.00% −0.10
INTU Intuit Inc. Sold out 0.00% −0.10
ORLY O'reilly Automotive Inc. Reduce -68.6% 0.03% −0.09
TFC Truist Financial Corp. Sold out 0.00% −0.09
V Visa Inc. Class A Sold out 0.00% −0.09
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.08
ETN Eaton Corp. PLC Sold out 0.00% −0.08
IWD iShares Russell 1000 Value E Reduce -0.1% 0.42% −0.08
CRM Salesforce Inc. Sold out 0.00% −0.08
XLE SS Energy Select Sector Reduce -34.0% 0.07% −0.08
BAC Bank of America Corp. Sold out 0.00% −0.08
NSC Norfolk Southern Corp. Reduce -44.5% 0.07% −0.07
VTEB Vanguard Tax-Exempt Bond ETF Sold out 0.00% −0.07
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.07
NEE Nextera Energy Inc. Sold out 0.00% −0.07
AGG iShares Core U.S. Aggregate Reduce -8.0% 0.21% −0.07
MCD McDonald's Corp. Reduce -48.1% 0.04% −0.07
ADI Analog Devices Inc. Sold out 0.00% −0.07
CSCO Cisco Systems Inc. Sold out 0.00% −0.06
IUSV iShares Core S&P U.S. Value Sold out 0.00% −0.06
YUM Yum! Brands Inc. Sold out 0.00% −0.06
PM Philip Morris International Reduce -32.9% 0.10% −0.06
MS Morgan Stanley Sold out 0.00% −0.06
IJT iShares S&P Small-Cap 600 GR Reduce -3.1% 0.32% −0.06
AAXJ iShares MSCI All Country Asi Reduce -4.8% 0.38% −0.06
AMAT Applied Materials Inc. Sold out 0.00% −0.06
TXN Texas Instruments Inc. Sold out 0.00% −0.06
YUMC Yum China Holdings Inc. Sold out 0.00% −0.06
GNR State Street SPDR S&P Global Reduce -34.3% 0.07% −0.06
CAT Caterpillar Inc. Reduce -23.4% 0.15% −0.06
PSEP Innovator U.S. Equity Power Reduce -2.7% 0.29% −0.05
NOC Northrop Grumman Corp. Sold out 0.00% −0.05
PNC PNC Financial Services Group Sold out 0.00% −0.05
CNC Centene Corp. Sold out 0.00% −0.05

Portfolio Buys Q1 2025 → Q2 2025
ACWI iShares MSCI Acwi ETF Add +6875.8% 4.60% +4.52
VUG Vanguard Mrngstar GR ETF-Sui Add +27.2% 11.14% +2.02
VBIL Vanguard 0-3M T-Bill ETF Add +145.3% 3.01% +1.50
VGIT Vanguard Intermediate-Term T Add +67.3% 4.38% +1.18
UITB Victoryshares Core Intermedi Add +127.4% 2.48% +1.14
IEFA iShares Core MSCI Eafe ETF Add +274.9% 1.48% +1.04
IEMG iShares Core MSCI Emerging Add +60.1% 3.32% +1.02
VGUS Vanguard Ultra SHRT Treasury Add +58.9% 3.25% +0.74
BKCI BNY Mellon Concentrated Intl Add +240.8% 1.05% +0.70
VTV Vanguard Mrngstr Val ETF-Aui Add +27.5% 11.07% +0.62
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +26.9% 4.97% +0.51
IJR iShares Core S&P Small-Cap E Add +45.5% 2.56% +0.49
GUNR NT Mstar GLBL NR ETF Add +33.6% 1.92% +0.21
GMOI GMO International Value ETF Add +272.0% 0.16% +0.11
QLTY GMO U.S. Quality ETF New 0.10% +0.10
EEMS iShares MSCI Emerging MKT SM Add +37.9% 0.39% +0.09
NVDA Nvidia Corp. Add +1.9% 0.52% +0.09
MEMS Matthews Em Discovery Add +47.2% 0.33% +0.08
SPYV SS SPDR P S&P 500 Value ETF New 0.07% +0.07
VEU Vanguard Ftse All-World Ex-U New 0.05% +0.05
SCHA Schwab US Small-Cap ETF New 0.05% +0.05
IVW iShares S&P 500 Growth ETF Add +15.2% 0.49% +0.05
ISCB iShares Morningstar SM Cap New 0.04% +0.04
GE General Electric New 0.03% +0.03
GLD SPDR Gold Shares New 0.03% +0.03
ORCL Oracle Corp. New 0.03% +0.03
MMM 3M Co. New 0.03% +0.03
MUB iShares National Muni Bond E Add +57.1% 0.11% +0.02
PFD Flaherty & Crumrin Pre&inc F Add +63.7% 0.08% +0.02
QGRO American Century US Quality Add +7.0% 1.02% +0.01
VTI VG Morningstar TS MKT ETF-US Add +17.6% 0.21% +0.01
TSLA Tesla Inc. Add +4.6% 0.05% +0.00
AMZN Amazon.com Inc. Add +0.1% 0.06% −0.00
SCHG Schwab US Large-Cap Growth Add +0.1% 0.07% −0.00
GLDM SPDR Gold Minishares Trust Add +12.4% 0.16% −0.01
IWR iShares Russell Mid-Cap ETF Add +12.4% 0.45% −0.01
IQLT iShares MSCI International Q Add +7.4% 0.15% −0.01
VWO Vanguard Ftse Emerging Marke Add +7.8% 0.24% −0.01
VOO Vanguard S&P 500 ETF Add +1.1% 0.13% −0.01
SGOV iShares 0-3 Month Treasury B Add +8.3% 0.13% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +0.8% 0.05% −0.02
MXI iShares Global Materials ETF Add +15.6% 2.13% −0.04
DDX Defined Duration 10 ETF Add +1.1% 0.30% −0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +0.4% 2.20% −0.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 130$857.3MVTV, VUG, GBIL, VO, IEMG
Q1 2026 136$808.3MVTV, GBIL, VUG, VO, IEMG
Q4 2025 147$796.0MVTV, VUG, GBIL, VO, ACWI
Q3 2025 141$750.2MGBIL, VUG, VTV, VO, ACWI
Q2 2025 133$683.5MGBIL, VUG, VTV, VO, ACWI
Q1 2025 169$555.2MGBIL, VTV, VUG, VO, VGIT
Q4 2024 164$434.7MGBIL, VTV, VUG, VO, SPY
Q3 2024 163$389.7MGBIL, VTV, VUG, VO, SPY
Q2 2024 171$370.3MGBIL, VUG, VTV, VO, SPY
Q1 2024 172$369.8MGBIL, VTV, VUG, VO, SPY