Pathway Financial Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 10, 2025), Pathway Financial Advisors LLC reported 141 stock positions worth $750.2 million. Its top holding was Goldman Sachs Access Treasur (GBIL) at 12.8% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.1%) and Vanguard Mrngstr Val ETF-Aui (VTV, 12.1%). Compared with Q2 2025, it opened 9 new positions, sold out of 1, added to 43 and reduced 20. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +107%) and the biggest sale Goldman Sachs Access Treasur (GBIL, shares −20%).

Most Recent 13F
Q2 2026
Location
SOUTH BURLINGTON, VT
CIK
0001738828
Portfolio Value
$750.2M (Q3 2025)
SEC Filing
0001738828-25-000009 ↗ filed Oct 10, 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 Q2 2025 Q3 2025: $750.2M $750.2M Q3 2025 Q4 2025: $796.0M Q4 2025 Q1 2026: $808.3M Q1 2026 Q2 2026: $857.3M Q2 2026

Holdings 141 stocks · $750.2M
GBIL Goldman Sachs Access Treasur 12.76% 955,005 $95.7M Reduce -20.2%
VUG Vanguard Mrngstar GR ETF-Sui 12.13% 189,782 $91.0M Add +9.3%
VTV Vanguard Mrngstr Val ETF-Aui 12.08% 485,934 $90.6M Add +13.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 5.27% 134,525 $39.5M Add +10.8%
ACWI iShares MSCI Acwi ETF 4.50% 244,331 $33.8M Add +0.0%
VGIT Vanguard Intermediate-Term T 3.97% 496,050 $29.8M Reduce -1.0%
IEMG iShares Core MSCI Emerging 3.92% 446,134 $29.4M Add +18.1%
VBIL Vanguard 0-3M T-Bill ETF 3.52% 349,206 $26.4M Add +28.3%
VGUS Vanguard Ultra SHRT Treasury 3.12% 309,627 $23.4M Add +5.2%
IJR iShares Core S&P Small-Cap E 3.02% 190,701 $22.7M Add +19.3%
IEFA iShares Core MSCI Eafe ETF 2.91% 250,198 $21.8M Add +106.8%
UITB Victoryshares Core Intermedi 2.32% 366,964 $17.4M Add +1.8%
MXI iShares Global Materials ETF 2.22% 180,236 $16.7M Add +5.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.17% 24,395 $16.3M Add +0.1%
GUNR NT Mstar GLBL NR ETF 2.16% 369,776 $16.2M Add +13.0%
BKCI BNY Mellon Concentrated Intl 1.24% 180,711 $9.3M Add +29.6%
VIG Vanguard Dividend Apprec ETF 1.18% 40,989 $8.8M Add +0.0%
QGRO American Century US Quality 1.10% 72,307 $8.3M Add +13.7%
ASIA Matthews Pacific Tiger ETF 1.07% 240,574 $8.0M Reduce -1.9%
BIL SS SPDR BB 1-3M T-Bill ETF 0.96% 78,879 $7.2M Add +31.5%
IVE iShares S&P 500 Value ETF 0.81% 29,262 $6.0M No change
EFA iShares MSCI Eafe ETF 0.80% 64,366 $6.0M No change
HON Honeywell International Inc. 0.76% 27,117 $5.7M Add +0.1%
VB Vanguard Most SM-Cap ETF-Usd 0.66% 19,396 $4.9M No change
AAPL Apple Inc. 0.53% 15,626 $4.0M Add +1.1%
IVW iShares S&P 500 Growth ETF 0.49% 30,150 $3.6M No change
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.48% 128,718 $3.6M Reduce -8.6%
MSFT Microsoft Corp. 0.48% 6,903 $3.6M Add +9.9%
EEMS iShares MSCI Emerging MKT SM 0.47% 51,819 $3.5M Add +25.7%
IWR iShares Russell Mid-Cap ETF 0.43% 33,355 $3.2M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.42% 15,133 $3.2M No change
IWD iShares Russell 1000 Value E 0.40% 14,660 $3.0M No change
AAXJ iShares MSCI All Country Asi 0.38% 31,430 $2.9M Reduce -0.5%
QQQ Invesco QQQ Trust Series 1 0.35% 4,332 $2.6M Reduce -1.2%
EEM iShares MSCI Emerging Market 0.34% 47,365 $2.5M No change
IJT iShares S&P Small-Cap 600 GR 0.31% 16,404 $2.3M No change
MEMS Matthews Em Discovery 0.31% 85,688 $2.3M Reduce -0.5%
VGT Vanguard Info Tech ETF 0.28% 2,852 $2.1M No change
DDX Defined Duration 10 ETF 0.28% 87,332 $2.1M Add +0.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.28% 11,864 $2.1M No change
NVDA Nvidia Corp. 0.27% 10,682 $2.0M Reduce -52.3%
CHD Church & Dwight Co. Inc. 0.27% 22,736 $2.0M Reduce -0.2%
VWO Vanguard Ftse Emerging Marke 0.25% 33,930 $1.8M Add +4.5%
IYM iShares U.S. Basic Materials 0.23% 11,862 $1.8M Reduce -2.5%
CVLC Calvert US L-C CR Resp Index 0.21% 19,527 $1.6M Add +62.9%
XLK SS Technology Select Sector 0.21% 5,602 $1.6M No change
PSEP Innovator U.S. Equity Power 0.21% 36,630 $1.6M Reduce -24.2%
VTI VG Morningstar TS MKT ETF-US 0.20% 4,603 $1.5M Reduce -0.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.20% 4,891 $1.5M No change
VAW Vanguard Materials ETF 0.20% 7,240 $1.5M No change
AGG iShares Core U.S. Aggregate 0.19% 14,255 $1.4M Add +0.8%
GMOI GMO International Value ETF 0.18% 44,367 $1.4M Add +15.6%
ITOT iShares Core S&P Total U.S. 0.18% 9,200 $1.3M No change
GLDM SPDR Gold Minishares Trust 0.17% 16,965 $1.3M Add +4.8%
CAT Caterpillar Inc. 0.17% 2,700 $1.3M No change
SHV iShares 0-1 Year Treasury Bo 0.17% 11,481 $1.3M No change
IWB iShares Russell 1000 ETF 0.17% 3,400 $1.2M No change
DE Deere & Co. 0.15% 2,406 $1.1M No change
IQLT iShares MSCI International Q 0.15% 24,700 $1.1M Add +6.2%
JPM JPMorgan Chase & Co. 0.14% 3,319 $1.0M Add +22.1%
GOOGL Alphabet Inc. Class A 0.14% 4,301 $1.0M No change
QLTY GMO U.S. Quality ETF 0.14% 28,838 $1.0M Add +50.9%
IVV iShares Core S&P 500 ETF 0.13% 1,502 $1.0M No change
VOO Vanguard S&P 500 ETF 0.13% 1,618 $991K No change
AVGO Broadcom Inc. 0.13% 2,960 $977K No change
SPTI SS SPDR P Int Term TSY ETF 0.13% 33,196 $959K Reduce -2.3%
JNJ Johnson & Johnson 0.12% 4,973 $922K No change
IWP iShares Russell Mid-Cap Grow 0.11% 5,950 $847K No change
VEA Vanguard Ftse Developed ETF 0.11% 13,828 $829K Reduce -0.6%
PG The Procter & Gamble Co. 0.10% 5,111 $785K Add +25.6%
MUB iShares National Muni Bond E 0.10% 7,138 $760K Add +0.1%
GDX Vaneck Gold Miners ETF 0.10% 9,763 $746K Add +77.5%
ESGD iShares Trust iShares ESG Aw 0.10% 7,969 $741K Add +212.6%
EWG iShares MSCI Germany ETF 0.10% 17,500 $728K No change
ABBV Abbvie Inc. 0.10% 3,132 $725K No change
SGOV iShares 0-3 Month Treasury B 0.10% 7,078 $713K Reduce -16.8%
CIGI Colliers Intl GR-Subord Vot 0.09% 4,500 $703K No change
SCHF Schwab Intl Equity ETF 0.09% 29,488 $686K No change
TSM Taiwan Semiconductor-SP ADR 0.09% 2,405 $672K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 2,100 $650K No change
PM Philip Morris International 0.08% 3,882 $630K No change
GTO Invesco Total Return Bond Et 0.08% 13,209 $628K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.08% 2,555 $624K No change
IWV iShares Russell 3000 ETF 0.08% 1,600 $606K No change
PFD Flaherty & Crumrin Pre&inc F 0.08% 48,196 $579K No change
META Meta Platforms Inc. Class A 0.08% 779 $572K Reduce -1.8%
NSC Norfolk Southern Corp. 0.08% 1,901 $571K No change
VSGX Vanguard ESG Intl Stock ETF 0.07% 8,043 $558K No change
IWF iShares Russell 1000 Growth 0.07% 1,185 $555K No change
BA The Boeing Co. 0.07% 2,543 $549K No change
SCHG Schwab US Large-Cap Growth 0.07% 16,875 $538K Add +0.0%
SPYV SS SPDR P S&P 500 Value ETF 0.07% 9,730 $538K No change
XLE SS Energy Select Sector 0.07% 5,975 $534K No change
AMZN Amazon.com Inc. 0.07% 2,404 $528K Add +30.1%
TSLA Tesla Inc. 0.07% 1,141 $507K No change
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.07% 11,874 $505K No change
GNR State Street SPDR S&P Global 0.07% 8,431 $499K No change
SCHX Schwab US Large-Cap ETF 0.06% 17,838 $470K No change
ABT Abbott Laboratories 0.06% 3,490 $467K No change
COST Costco Wholesale Corp. 0.06% 503 $466K New
XJH Ishare ESG SS S&P Midcap ETF 0.06% 10,559 $463K No change
XOM Exxon Mobil Corp. 0.06% 3,884 $438K No change
VEU Vanguard Ftse All-World Ex-U 0.06% 5,929 $423K Add +16.8%
DMXF iShares ESG Advanc MSCI Eafe 0.06% 5,583 $423K Add +7.9%
V Visa Inc. Class A 0.05% 1,156 $395K New
BRK.B Berkshire Hathaway Inc. Class B 0.05% 748 $376K No change
SCHA Schwab US Small-Cap ETF 0.05% 13,427 $375K No change
GE General Electric filed as GE AEROSPACE 0.05% 1,230 $370K Add +43.5%
EFAV iShares MSCI Eafe Min Vol Fa 0.04% 3,690 $313K No change
MCD McDonald's Corp. 0.04% 1,020 $310K No change
ESML iShares ESG Aware MSCI USA S 0.04% 6,821 $307K No change
MPC Marathon Petroleum Corp. 0.04% 1,554 $300K No change
KO The Coca-Cola Co. 0.04% 4,504 $299K No change
MCO Moody's Corp. 0.04% 600 $286K No change
CVX Chevron Corp. 0.04% 1,822 $283K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 2,468 $283K Add +41.0%
SPD Simplify US Eqty Plus Down 0.04% 7,115 $281K No change
NOW ServiceNow Inc. 0.04% 301 $277K Reduce -3.8%
ISCB iShares Morningstar SM Cap 0.04% 4,350 $276K No change
MRK Merck & Co. Inc. 0.04% 3,287 $276K Add +26.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 925 $261K No change
SLF Sun Life Financial Inc. 0.03% 4,339 $260K No change
ORCL Oracle Corp. 0.03% 920 $259K No change
GOOG Alphabet Inc. Class C 0.03% 1,049 $255K New
IWM iShares Russell 2000 ETF 0.03% 1,053 $255K Add +0.7%
EMR Emerson Electric Co. 0.03% 1,900 $249K No change
GLD SPDR Gold Shares 0.03% 690 $245K No change
ORLY O'reilly Automotive Inc. 0.03% 2,250 $243K No change
MRSH Marsh & McLennan Cos 0.03% 1,200 $242K No change
SHEL Shell PLC-ADR 0.03% 3,323 $238K New
UPS United Parcel Service Class B 0.03% 2,845 $238K Add +1.6%
IJH iShares Core S&P Midcap ETF 0.03% 3,623 $236K Reduce -3.2%
SCHW Schwab (charles) Corp. 0.03% 2,470 $236K New
XGLQX Clough Global Equity Fund 0.03% 30,207 $230K No change
CBU Community Financial System I 0.03% 3,730 $219K Reduce -11.1%
NI Nisource Inc. 0.03% 4,987 $216K New
NCLH Norwegian Cruise Line Holdin 0.03% 8,646 $213K New
TFC Truist Financial Corp. 0.03% 4,626 $212K New
HL Hecla Mining Co. 0.03% 17,144 $207K Reduce -4.8%
MMM 3M Co. 0.03% 1,320 $205K No change
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.03% 3,973 $203K No change

Portfolio Sells Q2 2025 → Q3 2025
GBIL Goldman Sachs Access Treasur Reduce -20.2% 12.76% −4.77
VGIT Vanguard Intermediate-Term T Reduce -1.0% 3.97% −0.41
BWIN Baldwin Insurance Group Inc./ Reduce -8.6% 0.48% −0.40
NVDA Nvidia Corp. Reduce -52.3% 0.27% −0.25
PSEP Innovator U.S. Equity Power Reduce -24.2% 0.21% −0.08
CHD Church & Dwight Co. Inc. Reduce -0.2% 0.27% −0.05
SGOV iShares 0-3 Month Treasury B Reduce -16.8% 0.10% −0.03
MEMS Matthews Em Discovery Reduce -0.5% 0.31% −0.02
LVTX Lava Therapeutics NV Sold out 0.00% −0.02
SPTI SS SPDR P Int Term TSY ETF Reduce -2.3% 0.13% −0.02
IYM iShares U.S. Basic Materials Reduce -2.5% 0.23% −0.01
NOW ServiceNow Inc. Reduce -3.8% 0.04% −0.01
META Meta Platforms Inc. Class A Reduce -1.8% 0.08% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -1.2% 0.35% −0.01
CBU Community Financial System I Reduce -11.1% 0.03% −0.01
VEA Vanguard Ftse Developed ETF Reduce -0.6% 0.11% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -0.2% 0.20% −0.00
IJH iShares Core S&P Midcap ETF Reduce -3.2% 0.03% −0.00
AAXJ iShares MSCI All Country Asi Reduce -0.5% 0.38% +0.00
HL Hecla Mining Co. Reduce -4.8% 0.03% +0.01
ASIA Matthews Pacific Tiger ETF Reduce -1.9% 1.07% +0.02

Portfolio Buys Q2 2025 → Q3 2025
IEFA iShares Core MSCI Eafe ETF Add +106.8% 2.91% +1.43
VTV Vanguard Mrngstr Val ETF-Aui Add +13.5% 12.08% +1.01
VUG Vanguard Mrngstar GR ETF-Sui Add +9.3% 12.13% +0.99
IEMG iShares Core MSCI Emerging Add +18.1% 3.92% +0.60
VBIL Vanguard 0-3M T-Bill ETF Add +28.3% 3.52% +0.51
IJR iShares Core S&P Small-Cap E Add +19.3% 3.02% +0.47
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +10.8% 5.27% +0.29
GUNR NT Mstar GLBL NR ETF Add +13.0% 2.16% +0.24
BKCI BNY Mellon Concentrated Intl Add +29.6% 1.24% +0.19
BIL SS SPDR BB 1-3M T-Bill ETF Add +31.5% 0.96% +0.16
MXI iShares Global Materials ETF Add +5.9% 2.22% +0.09
TSM Taiwan Semiconductor-SP ADR New 0.09% +0.09
QGRO American Century US Quality Add +13.7% 1.10% +0.09
CVLC Calvert US L-C CR Resp Index Add +62.9% 0.21% +0.08
EEMS iShares MSCI Emerging MKT SM Add +25.7% 0.47% +0.08
AAPL Apple Inc. Add +1.1% 0.53% +0.07
ESGD iShares Trust iShares ESG Aw Add +212.6% 0.10% +0.07
COST Costco Wholesale Corp. New 0.06% +0.06
GDX Vaneck Gold Miners ETF Add +77.5% 0.10% +0.06
V Visa Inc. Class A New 0.05% +0.05
QLTY GMO U.S. Quality ETF Add +50.9% 0.14% +0.04
GOOG Alphabet Inc. Class C New 0.03% +0.03
SHEL Shell PLC-ADR New 0.03% +0.03
SCHW Schwab (charles) Corp. New 0.03% +0.03
NI Nisource Inc. New 0.03% +0.03
NCLH Norwegian Cruise Line Holdin New 0.03% +0.03
TFC Truist Financial Corp. New 0.03% +0.03
JPM JPMorgan Chase & Co. Add +22.1% 0.14% +0.02
GMOI GMO International Value ETF Add +15.6% 0.18% +0.02
MSFT Microsoft Corp. Add +9.9% 0.48% +0.02
GLDM SPDR Gold Minishares Trust Add +4.8% 0.17% +0.02
GE General Electric Add +43.5% 0.05% +0.02
AMZN Amazon.com Inc. Add +30.1% 0.07% +0.01
VWO Vanguard Ftse Emerging Marke Add +4.5% 0.25% +0.01
PG The Procter & Gamble Co. Add +25.6% 0.10% +0.01
MRK Merck & Co. Inc. Add +26.6% 0.04% +0.01
VEU Vanguard Ftse All-World Ex-U Add +16.8% 0.06% +0.01
DIS The Walt Disney Co. Add +41.0% 0.04% +0.01
IWM iShares Russell 2000 ETF Add +0.7% 0.03% +0.00
DMXF iShares ESG Advanc MSCI Eafe Add +7.9% 0.06% 0.00
SCHG Schwab US Large-Cap Growth Add +0.0% 0.07% −0.00
IQLT iShares MSCI International Q Add +6.2% 0.15% −0.00
MUB iShares National Muni Bond E Add +0.1% 0.10% −0.01
UPS United Parcel Service Class B Add +1.6% 0.03% −0.01
AGG iShares Core U.S. Aggregate Add +0.8% 0.19% −0.01
DDX Defined Duration 10 ETF Add +0.9% 0.28% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 2.17% −0.04
VIG Vanguard Dividend Apprec ETF Add +0.0% 1.18% −0.05
ACWI iShares MSCI Acwi ETF Add +0.0% 4.50% −0.09
VGUS Vanguard Ultra SHRT Treasury Add +5.2% 3.12% −0.13

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