Pathway Financial Advisors LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Pathway Financial Advisors LLC reported 147 stock positions worth $796.0 million. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 12.5% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.1%) and Goldman Sachs Access Treasur (GBIL, 11.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 1, added to 35 and reduced 38. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +4%) and the biggest sale Goldman Sachs Access Treasur (GBIL, shares −1%).

Most Recent 13F
Q2 2026
Location
SOUTH BURLINGTON, VT
CIK
0001738828
Portfolio Value
$796.0M (Q4 2025)
SEC Filing
0001738828-26-000001 ↗ filed Jan 14, 2026

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 Q3 2025 Q4 2025: $796.0M $796.0M Q4 2025 Q1 2026: $808.3M Q1 2026 Q2 2026: $857.3M Q2 2026

Holdings 147 stocks · $796.0M
VTV Vanguard Mrngstr Val ETF-Aui 12.50% 506,913 $99.5M Add +4.3%
VUG Vanguard Mrngstar GR ETF-Sui 12.08% 196,117 $96.1M Add +3.3%
GBIL Goldman Sachs Access Treasur 11.84% 942,798 $94.3M Reduce -1.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 5.37% 142,804 $42.8M Add +6.2%
ACWI iShares MSCI Acwi ETF 4.45% 245,406 $35.4M Add +0.4%
IEMG iShares Core MSCI Emerging 4.21% 477,655 $33.5M Add +7.1%
VBIL Vanguard 0-3M T-Bill ETF 3.88% 409,324 $30.9M Add +17.2%
VGIT Vanguard Intermediate-Term T 3.84% 509,525 $30.6M Add +2.7%
IEFA iShares Core MSCI Eafe ETF 3.28% 285,258 $26.1M Add +14.0%
IJR iShares Core S&P Small-Cap E 3.21% 204,609 $25.5M Add +7.3%
VGUS Vanguard Ultra SHRT Treasury 2.41% 254,239 $19.2M Reduce -17.9%
MXI iShares Global Materials ETF 2.37% 186,204 $18.9M Add +3.3%
UITB Victoryshares Core Intermedi 2.27% 381,924 $18.1M Add +4.1%
GUNR NT Mstar GLBL NR ETF 2.24% 377,290 $17.8M Add +2.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.09% 24,053 $16.6M Reduce -1.4%
BKCI BNY Mellon Concentrated Intl 1.31% 198,707 $10.5M Add +10.0%
BIL SS SPDR BB 1-3M T-Bill ETF 1.25% 108,496 $9.9M Add +37.5%
QGRO American Century US Quality 1.19% 80,825 $9.5M Add +11.8%
VIG Vanguard Dividend Apprec ETF 1.15% 40,992 $9.2M Add +0.0%
ASIA Matthews Pacific Tiger ETF 1.08% 239,025 $8.6M Reduce -0.6%
EFA iShares MSCI Eafe ETF 0.79% 64,356 $6.3M Reduce -0.0%
IVE iShares S&P 500 Value ETF 0.79% 29,079 $6.3M Reduce -0.6%
HON Honeywell International Inc. 0.70% 27,117 $5.6M No change
VB Vanguard Most SM-Cap ETF-Usd 0.67% 19,674 $5.3M Add +1.4%
AAPL Apple Inc. 0.52% 15,624 $4.1M Reduce -0.0%
EEMS iShares MSCI Emerging MKT SM 0.48% 55,271 $3.8M Add +6.7%
IVW iShares S&P 500 Growth ETF 0.47% 29,906 $3.7M Reduce -0.8%
IWR iShares Russell Mid-Cap ETF 0.42% 33,355 $3.3M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.42% 15,133 $3.3M No change
MSFT Microsoft Corp. 0.41% 6,826 $3.3M Reduce -1.1%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.40% 128,718 $3.2M No change
IWD iShares Russell 1000 Value E 0.40% 14,660 $3.2M No change
AAXJ iShares MSCI All Country Asi 0.38% 30,884 $3.0M Reduce -1.7%
EEM iShares MSCI Emerging Market 0.34% 47,365 $2.7M No change
QQQ Invesco QQQ Trust Series 1 0.33% 4,207 $2.6M Reduce -2.9%
IJT iShares S&P Small-Cap 600 GR 0.30% 16,404 $2.4M No change
MEMS Matthews Em Discovery 0.28% 85,918 $2.3M Add +0.3%
VGT Vanguard Info Tech ETF 0.27% 2,852 $2.2M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.27% 11,864 $2.2M No change
DDX Defined Duration 10 ETF 0.27% 88,427 $2.2M Add +1.3%
CHD Church & Dwight Co. Inc. 0.24% 22,736 $1.9M No change
VWO Vanguard Ftse Emerging Marke 0.24% 34,263 $1.9M Add +1.0%
IYM iShares U.S. Basic Materials 0.23% 11,377 $1.9M Reduce -4.1%
NVDA Nvidia Corp. 0.22% 9,453 $1.8M Reduce -11.5%
CVLC Calvert US L-C CR Resp Index 0.22% 20,079 $1.7M Add +2.8%
GMOI GMO International Value ETF 0.21% 49,388 $1.7M Add +11.3%
CAT Caterpillar Inc. 0.21% 2,700 $1.7M No change
XLK SS Technology Select Sector 0.21% 11,202 $1.6M No change
VAW Vanguard Materials ETF 0.20% 7,240 $1.6M No change
VTI VG Morningstar TS MKT ETF-US 0.20% 4,604 $1.6M Add +0.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.20% 4,891 $1.6M No change
AGG iShares Core U.S. Aggregate 0.19% 15,334 $1.5M Add +7.6%
PSEP Innovator U.S. Equity Power 0.19% 34,430 $1.5M Reduce -6.0%
GLDM SPDR Gold Minishares Trust 0.19% 16,965 $1.5M No change
ITOT iShares Core S&P Total U.S. 0.17% 9,200 $1.4M No change
GOOGL Alphabet Inc. Class A 0.17% 4,252 $1.3M Reduce -1.1%
IWB iShares Russell 1000 ETF 0.16% 3,400 $1.3M No change
SHV iShares 0-1 Year Treasury Bo 0.16% 11,481 $1.3M No change
IQLT iShares MSCI International Q 0.15% 25,686 $1.2M Add +4.0%
QLTY GMO U.S. Quality ETF 0.14% 28,743 $1.1M Reduce -0.3%
DE Deere & Co. 0.14% 2,312 $1.1M Reduce -3.9%
JPM JPMorgan Chase & Co. 0.13% 3,210 $1.1M Reduce -3.3%
IVV iShares Core S&P 500 ETF 0.13% 1,502 $1.0M No change
VOO Vanguard S&P 500 ETF 0.13% 1,616 $1.0M Reduce -0.1%
JNJ Johnson & Johnson 0.13% 4,973 $1.0M No change
AVGO Broadcom Inc. 0.13% 2,960 $1.0M No change
IWP iShares Russell Mid-Cap Grow 0.11% 5,950 $844K No change
VEA Vanguard Ftse Developed ETF 0.10% 12,798 $821K Reduce -7.5%
GDX Vaneck Gold Miners ETF 0.10% 8,859 $816K Reduce -9.3%
SPTI SS SPDR P Int Term TSY ETF 0.10% 28,064 $810K Reduce -15.5%
TSM Taiwan Semiconductor-SP ADR 0.10% 2,405 $787K No change
ESGD iShares Trust iShares ESG Aw 0.10% 7,969 $776K No change
MUB iShares National Muni Bond E 0.10% 7,123 $765K Reduce -0.2%
EWG iShares MSCI Germany ETF 0.09% 17,500 $755K No change
SCHF Schwab Intl Equity ETF 0.09% 29,488 $729K No change
PG The Procter & Gamble Co. 0.09% 5,111 $715K No change
ABBV Abbvie Inc. 0.09% 3,082 $690K Reduce -1.6%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.08% 2,555 $649K No change
IWV iShares Russell 3000 ETF 0.08% 1,600 $630K No change
GTO Invesco Total Return Bond Et 0.08% 13,209 $628K No change
SGOV iShares 0-3 Month Treasury B 0.08% 6,122 $615K Reduce -13.5%
PM Philip Morris International 0.08% 3,882 $602K No change
VSGX Vanguard ESG Intl Stock ETF 0.07% 8,043 $593K No change
BA The Boeing Co. 0.07% 2,543 $584K No change
AMZN Amazon.com Inc. 0.07% 2,409 $580K Add +0.2%
PFD Flaherty & Crumrin Pre&inc F 0.07% 48,196 $579K No change
SPYV SS SPDR P S&P 500 Value ETF 0.07% 9,730 $564K No change
SCHG Schwab US Large-Cap Growth 0.07% 16,889 $555K Add +0.1%
NSC Norfolk Southern Corp. 0.07% 1,901 $553K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.07% 2,100 $552K No change
XLE SS Energy Select Sector 0.07% 11,950 $545K No change
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.07% 12,245 $541K Add +3.1%
GNR State Street SPDR S&P Global 0.07% 8,431 $540K No change
IWF iShares Russell 1000 Growth 0.07% 1,111 $529K Reduce -6.2%
META Meta Platforms Inc. Class A 0.06% 778 $514K Reduce -0.1%
XJH Ishare ESG SS S&P Midcap ETF 0.06% 10,720 $499K Add +1.5%
TSLA Tesla Inc. 0.06% 1,141 $494K No change
SCHX Schwab US Large-Cap ETF 0.06% 17,838 $488K No change
XOM Exxon Mobil Corp. 0.06% 3,887 $470K Add +0.1%
DMXF iShares ESG Advanc MSCI Eafe 0.06% 5,934 $460K Add +6.3%
ABT Abbott Laboratories 0.06% 3,490 $446K No change
COST Costco Wholesale Corp. 0.06% 498 $443K Reduce -1.0%
VEU Vanguard Ftse All-World Ex-U 0.06% 5,782 $438K Reduce -2.5%
V Visa Inc. Class A 0.05% 1,156 $413K No change
GE General Electric filed as GE AEROSPACE 0.05% 1,230 $403K No change
SCHA Schwab US Small-Cap ETF 0.05% 13,427 $399K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 754 $376K Add +0.8%
CIGI Colliers Intl GR-Subord Vot 0.05% 2,555 $376K Reduce -43.2%
MRK Merck & Co. Inc. 0.04% 3,287 $358K No change
SOLS Solstice Adv Materials Inc. 0.04% 6,777 $337K No change
ESML iShares ESG Aware MSCI USA S 0.04% 6,821 $327K No change
MCO Moody's Corp. 0.04% 600 $320K No change
MCD McDonald's Corp. 0.04% 1,020 $309K No change
KO The Coca-Cola Co. 0.04% 4,474 $303K Reduce -0.7%
UPS United Parcel Service Class B 0.04% 2,863 $301K Add +0.6%
GOOG Alphabet Inc. Class C 0.04% 949 $299K Reduce -9.5%
ISCB iShares Morningstar SM Cap 0.04% 4,350 $294K No change
CVX Chevron Corp. 0.04% 1,823 $285K Add +0.1%
GLD SPDR Gold Shares 0.04% 690 $285K No change
SPD Simplify US Eqty Plus Down 0.04% 7,090 $283K Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 923 $279K Reduce -0.2%
EMR Emerson Electric Co. 0.03% 1,900 $277K No change
SLF Sun Life Financial Inc. 0.03% 4,339 $276K No change
EFAV iShares MSCI Eafe Min Vol Fa 0.03% 3,145 $273K Reduce -14.8%
IWM iShares Russell 2000 ETF 0.03% 1,053 $270K No change
MPC Marathon Petroleum Corp. 0.03% 1,554 $265K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 2,256 $258K Reduce -8.6%
SCHW Schwab (charles) Corp. 0.03% 2,470 $256K No change
SUSA iShares ESG Optimized MSCI U 0.03% 1,765 $250K New
ISRG Intuitive Surgical Inc. 0.03% 414 $245K New
SHEL Shell PLC-ADR 0.03% 3,323 $242K No change
XGLQX Clough Global Equity Fund 0.03% 30,207 $238K No change
STX Seagate Technology Holdings 0.03% 718 $237K New
TFC Truist Financial Corp. 0.03% 4,626 $237K No change
HL Hecla Mining Co. 0.03% 10,185 $227K Reduce -40.6%
CBU Community Financial System I 0.03% 3,730 $224K No change
NOW ServiceNow Inc. 0.03% 1,505 $224K No change
MRSH Marsh & McLennan Cos 0.03% 1,200 $223K No change
IJH iShares Core S&P Midcap ETF 0.03% 3,216 $221K Reduce -11.2%
MMM 3M Co. 0.03% 1,320 $219K No change
GEV GE Vernova Inc. 0.03% 306 $210K New
NI Nisource Inc. 0.03% 4,987 $209K No change
NCLH Norwegian Cruise Line Holdin 0.03% 8,646 $206K No change
MDT Medtronic PLC 0.03% 2,034 $204K New
CSCO Cisco Systems Inc. 0.03% 2,710 $204K New
ORLY O'reilly Automotive Inc. 0.03% 2,250 $203K 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 Q3 2025 → Q4 2025
GBIL Goldman Sachs Access Treasur Reduce -1.3% 11.84% −0.92
VGUS Vanguard Ultra SHRT Treasury Reduce -17.9% 2.41% −0.71
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 2.09% −0.08
MSFT Microsoft Corp. Reduce -1.1% 0.41% −0.07
CIGI Colliers Intl GR-Subord Vot Reduce -43.2% 0.05% −0.05
NVDA Nvidia Corp. Reduce -11.5% 0.22% −0.04
ORCL Oracle Corp. Sold out 0.00% −0.03
SPTI SS SPDR P Int Term TSY ETF Reduce -15.5% 0.10% −0.03
PSEP Innovator U.S. Equity Power Reduce -6.0% 0.19% −0.02
SGOV iShares 0-3 Month Treasury B Reduce -13.5% 0.08% −0.02
IVW iShares S&P 500 Growth ETF Reduce -0.8% 0.47% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -2.9% 0.33% −0.02
AAPL Apple Inc. Reduce -0.0% 0.52% −0.02
IVE iShares S&P 500 Value ETF Reduce -0.6% 0.79% −0.02
META Meta Platforms Inc. Class A Reduce -0.1% 0.06% −0.01
ABBV Abbvie Inc. Reduce -1.6% 0.09% −0.01
IWF iShares Russell 1000 Growth Reduce -6.2% 0.07% −0.01
EFAV iShares MSCI Eafe Min Vol Fa Reduce -14.8% 0.03% −0.01
VEA Vanguard Ftse Developed ETF Reduce -7.5% 0.10% −0.01
COST Costco Wholesale Corp. Reduce -1.0% 0.06% −0.01
EFA iShares MSCI Eafe ETF Reduce -0.0% 0.79% −0.01
DE Deere & Co. Reduce -3.9% 0.14% −0.01
DIS The Walt Disney Co. Reduce -8.6% 0.03% −0.01
MUB iShares National Muni Bond E Reduce -0.2% 0.10% −0.01
JPM JPMorgan Chase & Co. Reduce -3.3% 0.13% −0.00
IJH iShares Core S&P Midcap ETF Reduce -11.2% 0.03% −0.00
VOO Vanguard S&P 500 ETF Reduce -0.1% 0.13% −0.00
AAXJ iShares MSCI All Country Asi Reduce -1.7% 0.38% −0.00
SPD Simplify US Eqty Plus Down Reduce -0.3% 0.04% −0.00
KO The Coca-Cola Co. Reduce -0.7% 0.04% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -2.5% 0.06% −0.00
IYM iShares U.S. Basic Materials Reduce -4.1% 0.23% −0.00
IBM Intl Business Machines Corp. Reduce -0.2% 0.04% +0.00
HL Hecla Mining Co. Reduce -40.6% 0.03% +0.00
GDX Vaneck Gold Miners ETF Reduce -9.3% 0.10% +0.00
GOOG Alphabet Inc. Class C Reduce -9.5% 0.04% +0.00
QLTY GMO U.S. Quality ETF Reduce -0.3% 0.14% +0.00
ASIA Matthews Pacific Tiger ETF Reduce -0.6% 1.08% +0.01
GOOGL Alphabet Inc. Class A Reduce -1.1% 0.17% +0.03

Portfolio Buys Q3 2025 → Q4 2025
VTV Vanguard Mrngstr Val ETF-Aui Add +4.3% 12.50% +0.42
IEFA iShares Core MSCI Eafe ETF Add +14.0% 3.28% +0.37
VBIL Vanguard 0-3M T-Bill ETF Add +17.2% 3.88% +0.36
IEMG iShares Core MSCI Emerging Add +7.1% 4.21% +0.29
BIL SS SPDR BB 1-3M T-Bill ETF Add +37.5% 1.25% +0.28
IJR iShares Core S&P Small-Cap E Add +7.3% 3.21% +0.19
MXI iShares Global Materials ETF Add +3.3% 2.37% +0.15
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +6.2% 5.37% +0.10
QGRO American Century US Quality Add +11.8% 1.19% +0.09
GUNR NT Mstar GLBL NR ETF Add +2.0% 2.24% +0.08
BKCI BNY Mellon Concentrated Intl Add +10.0% 1.31% +0.07
SUSA iShares ESG Optimized MSCI U New 0.03% +0.03
ISRG Intuitive Surgical Inc. New 0.03% +0.03
STX Seagate Technology Holdings New 0.03% +0.03
GMOI GMO International Value ETF Add +11.3% 0.21% +0.03
GEV GE Vernova Inc. New 0.03% +0.03
CSCO Cisco Systems Inc. New 0.03% +0.03
MDT Medtronic PLC New 0.03% +0.03
EEMS iShares MSCI Emerging MKT SM Add +6.7% 0.48% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +1.4% 0.67% +0.01
UPS United Parcel Service Class B Add +0.6% 0.04% +0.01
IQLT iShares MSCI International Q Add +4.0% 0.15% +0.01
CVLC Calvert US L-C CR Resp Index Add +2.8% 0.22% +0.00
AMZN Amazon.com Inc. Add +0.2% 0.07% +0.00
AGG iShares Core U.S. Aggregate Add +7.6% 0.19% +0.00
DMXF iShares ESG Advanc MSCI Eafe Add +6.3% 0.06% +0.00
XJH Ishare ESG SS S&P Midcap ETF Add +1.5% 0.06% +0.00
XOM Exxon Mobil Corp. Add +0.1% 0.06% +0.00
XJR Ishr ESG SS S&P Smal-Cap-Usd Add +3.1% 0.07% +0.00
CVX Chevron Corp. Add +0.1% 0.04% −0.00
SCHG Schwab US Large-Cap Growth Add +0.1% 0.07% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +0.8% 0.05% −0.00
VTI VG Morningstar TS MKT ETF-US Add +0.0% 0.20% −0.00
VWO Vanguard Ftse Emerging Marke Add +1.0% 0.24% −0.01
DDX Defined Duration 10 ETF Add +1.3% 0.27% −0.01
MEMS Matthews Em Discovery Add +0.3% 0.28% −0.02
VIG Vanguard Dividend Apprec ETF Add +0.0% 1.15% −0.03
UITB Victoryshares Core Intermedi Add +4.1% 2.27% −0.05
ACWI iShares MSCI Acwi ETF Add +0.4% 4.45% −0.05
VUG Vanguard Mrngstar GR ETF-Sui Add +3.3% 12.08% −0.06
VGIT Vanguard Intermediate-Term T Add +2.7% 3.84% −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