Pennington Partners & Co., LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Pennington Partners & Co., LLC reported 82 stock positions worth $174.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 25.2% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 18.6%) and Alpha Architect 1-3 MNTH Box (BOXX, 16.4%). Compared with Q4 2024, it opened 6 new positions, sold out of 15, added to 19 and reduced 37. The biggest buy was iShares Core S&P Total U.S. (ITOT, shares +151%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0001779355
- Portfolio Value
- $174.5M (Q1 2025)
- SEC Filing
- 0001420506-25-001055 ↗ filed May 14, 2025
Holdings Value
Holdings 82 stocks · $174.5M
| VTI VG Morningstar TS MKT ETF-US | 25.18% | 159,881 | $43.9M | Reduce -12.8% |
| IWV iShares Russell 3000 ETF | 18.61% | 102,281 | $32.5M | Reduce -1.0% |
| BOXX Alpha Architect 1-3 MNTH Box | 16.37% | 256,196 | $28.6M | Reduce -16.3% |
| VTHR Vanguard Russell 3000 | 6.09% | 43,100 | $10.6M | Add +6.4% |
| VOO Vanguard S&P 500 ETF | 1.82% | 6,190 | $3.2M | Reduce -2.5% |
| ITOT iShares Core S&P Total U.S. | 1.82% | 26,053 | $3.2M | Add +151.4% |
| ACWI iShares MSCI Acwi ETF | 1.75% | 26,277 | $3.1M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.54% | 5,048 | $2.7M | Reduce -13.6% |
| MSFT Microsoft Corp. | 1.33% | 6,182 | $2.3M | Reduce -35.8% |
| AMZN Amazon.com Inc. | 1.29% | 11,811 | $2.2M | Reduce -25.3% |
| IVV iShares Core S&P 500 ETF | 1.21% | 3,760 | $2.1M | Add +65.9% |
| HTGC Hercules Capital Inc. | 1.06% | 96,700 | $1.9M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.91% | 8,238 | $1.6M | No change |
| NVDA Nvidia Corp. | 0.88% | 14,091 | $1.5M | Reduce -40.0% |
| MAR Marriott International Class A | 0.86% | 6,331 | $1.5M | Reduce -2.2% |
| ABR Arbor Realty Trust Inc. | 0.86% | 127,316 | $1.5M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.66% | 20,616 | $1.1M | No change |
| GOOGL Alphabet Inc. Class A | 0.65% | 7,370 | $1.1M | Reduce -40.8% |
| AAPL Apple Inc. | 0.65% | 5,087 | $1.1M | Reduce -53.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.64% | 1,991 | $1.1M | Add +55.7% |
| IBIT iShares Bitcoin Trust ETF | 0.60% | 22,420 | $1.0M | Add +411.6% |
| FTAI Ftai Aviation Ltd. | 0.58% | 9,150 | $1.0M | Reduce -1.0% |
| EFA iShares MSCI Eafe ETF | 0.51% | 10,977 | $897K | Reduce -0.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.50% | 3,388 | $871K | Add +3.9% |
| IXUS iShares Core Intl Stock ETF | 0.48% | 12,115 | $846K | No change |
| UBER Uber Technologies Inc. | 0.45% | 10,820 | $788K | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 0.45% | 3,209 | $787K | Reduce -29.8% |
| WMT Walmart Inc. | 0.45% | 8,842 | $778K | Reduce -19.4% |
| AGG iShares Core U.S. Aggregate | 0.44% | 7,849 | $776K | Add +19.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.44% | 2,973 | $769K | Add +2.4% |
| AMZA Infracap MLP ETF | 0.44% | 16,000 | $760K | No change |
| VEA Vanguard Ftse Developed ETF | 0.42% | 14,469 | $735K | Add +11.6% |
| IWF iShares Russell 1000 Growth | 0.42% | 2,013 | $727K | Add +7.7% |
| VTWO Vanguard Russell 2000 ETF | 0.39% | 8,508 | $686K | No change |
| GS Goldman Sachs Group Inc. | 0.38% | 1,230 | $672K | Reduce -12.1% |
| STAG Stag Industrial Inc. | 0.38% | 18,160 | $658K | No change |
| EPD Enterprise Products Partners | 0.34% | 17,586 | $600K | No change |
| META Meta Platforms Inc. Class A | 0.32% | 973 | $561K | Reduce -56.2% |
| JAAA Janus Henderson Aaa Clo ETF | 0.31% | 10,687 | $542K | Add +8.4% |
| GOOG Alphabet Inc. Class C | 0.30% | 3,318 | $518K | Add +3.2% |
| RSP Invesco S&P 500 Equal Weight | 0.27% | 2,680 | $464K | No change |
| RWL Invesco S&P 500 Revenue ETF | 0.27% | 4,673 | $464K | Add +0.1% |
| DHR Danaher Corp. | 0.26% | 2,250 | $462K | Reduce -21.2% |
| VNQ Vanguard Real Estate ETF | 0.26% | 4,978 | $451K | Add +0.1% |
| PG The Procter & Gamble Co. | 0.25% | 2,525 | $430K | Reduce -32.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.25% | 5,446 | $430K | Add +0.2% |
| COST Costco Wholesale Corp. | 0.24% | 448 | $424K | Reduce -28.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 1,687 | $419K | Reduce -20.5% |
| CVX Chevron Corp. | 0.23% | 2,416 | $404K | Reduce -20.2% |
| VYM Vanguard High DVD Yield ETF | 0.23% | 3,073 | $396K | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.23% | 9,665 | $394K | New |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 8,381 | $379K | Add +41.4% |
| JNJ Johnson & Johnson | 0.21% | 2,237 | $371K | Reduce -22.1% |
| V Visa Inc. Class A | 0.21% | 1,054 | $369K | Reduce -42.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.21% | 4,774 | $361K | Add +3.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 5,397 | $355K | New |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 1,500 | $291K | No change |
| MA Mastercard Inc. Class A | 0.16% | 519 | $284K | Reduce -44.6% |
| KO The Coca-Cola Co. | 0.16% | 3,890 | $281K | Reduce -32.5% |
| RTX RTX Corp. | 0.16% | 2,087 | $276K | Reduce -17.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.15% | 1,071 | $270K | New |
| EEM iShares MSCI Emerging Market | 0.15% | 6,078 | $266K | Reduce -1.6% |
| BX Blackstone Inc. | 0.15% | 1,875 | $262K | Reduce -11.5% |
| LLY Eli Lilly & Co. | 0.15% | 315 | $260K | Reduce -45.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.15% | 1,392 | $259K | New |
| AVGO Broadcom Inc. | 0.15% | 1,545 | $259K | Reduce -49.8% |
| IYW iShares Ustechnology ETF | 0.14% | 1,782 | $250K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 510 | $240K | Add +12.1% |
| IEUR iShares Core MSCI Europe ETF | 0.13% | 3,862 | $232K | New |
| MRK Merck & Co. Inc. | 0.13% | 2,511 | $227K | Reduce -27.1% |
| XNTK SS SPDR Nyse Tech ETF | 0.13% | 1,185 | $227K | No change |
| IAU iShares Gold Trust | 0.13% | 3,770 | $222K | New |
| MUB iShares National Muni Bond E | 0.13% | 2,084 | $220K | Reduce -22.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 5,213 | $218K | Reduce -29.6% |
| EMR Emerson Electric Co. | 0.12% | 1,977 | $217K | Reduce -9.8% |
| XSW SS SPDR S&P Soft & Serv ETF | 0.12% | 1,312 | $210K | No change |
| LPX Louisiana-Pacific Corp. | 0.12% | 2,277 | $209K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 1,209 | $209K | Add +0.1% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.12% | 700 | $202K | No change |
| FDN First Trust DJ Internet Ind | 0.12% | 907 | $201K | No change |
| FIP Ftai Infrastructure Inc. | 0.07% | 25,185 | $114K | No change |
| GNW Genworth Financial Inc. | 0.05% | 12,000 | $85K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.8% | 25.18% | −1.17 |
| AAPL Apple Inc. | Reduce -53.6% | 0.65% | −0.71 |
| NVDA Nvidia Corp. | Reduce -40.0% | 0.88% | −0.69 |
| MSFT Microsoft Corp. | Reduce -35.8% | 1.33% | −0.68 |
| GOOGL Alphabet Inc. Class A | Reduce -40.8% | 0.65% | −0.51 |
| AMZN Amazon.com Inc. | Reduce -25.3% | 1.29% | −0.43 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -16.3% | 16.37% | −0.36 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.33 |
| META Meta Platforms Inc. Class A | Reduce -56.2% | 0.32% | −0.32 |
| AVGO Broadcom Inc. | Reduce -49.8% | 0.15% | −0.21 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.20 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.19 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.18 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.17 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.13 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.13 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.13 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.12 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.12 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.12 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.12 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.12 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.11 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -29.8% | 0.45% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -44.6% | 0.16% | −0.08 |
| FTAI Ftai Aviation Ltd. | Reduce -1.0% | 0.58% | −0.08 |
| V Visa Inc. Class A | Reduce -42.4% | 0.21% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -45.7% | 0.15% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -32.1% | 0.25% | −0.06 |
| DHR Danaher Corp. | Reduce -21.2% | 0.26% | −0.06 |
| WMT Walmart Inc. | Reduce -19.4% | 0.45% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -28.3% | 0.24% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -27.1% | 0.13% | −0.04 |
| BAC Bank of America Corp. | Reduce -29.6% | 0.12% | −0.04 |
| BX Blackstone Inc. | Reduce -11.5% | 0.15% | −0.03 |
| MAR Marriott International Class A | Reduce -2.2% | 0.86% | −0.03 |
| KO The Coca-Cola Co. | Reduce -32.5% | 0.16% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -22.6% | 0.13% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -12.1% | 0.38% | −0.01 |
| EMR Emerson Electric Co. | Reduce -9.8% | 0.12% | −0.01 |
| JNJ Johnson & Johnson | Reduce -22.1% | 0.21% | +0.01 |
| IBM Intl Business Machines Corp. | Reduce -20.5% | 0.24% | +0.01 |
| RTX RTX Corp. | Reduce -17.2% | 0.16% | +0.01 |
| CVX Chevron Corp. | Reduce -20.2% | 0.23% | +0.01 |
| EEM iShares MSCI Emerging Market | Reduce -1.6% | 0.15% | +0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.4% | 0.51% | +0.10 |
| UBER Uber Technologies Inc. | Reduce -3.7% | 0.45% | +0.12 |
| VOO Vanguard S&P 500 ETF | Reduce -2.5% | 1.82% | +0.13 |
| ACWI iShares MSCI Acwi ETF | Reduce -0.0% | 1.75% | +0.22 |
Portfolio Buys Q4 2024 → Q1 2025
| ITOT iShares Core S&P Total U.S. | Add +151.4% | 1.82% | +1.16 |
| VTHR Vanguard Russell 3000 | Add +6.4% | 6.09% | +0.88 |
| IVV iShares Core S&P 500 ETF | Add +65.9% | 1.21% | +0.55 |
| IBIT iShares Bitcoin Trust ETF | Add +411.6% | 0.60% | +0.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +55.7% | 0.64% | +0.27 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.23% | +0.23 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.20% | +0.20 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.15% | +0.15 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.15% | +0.15 |
| IEUR iShares Core MSCI Europe ETF | New | 0.13% | +0.13 |
| AGG iShares Core U.S. Aggregate | Add +19.9% | 0.44% | +0.13 |
| IAU iShares Gold Trust | New | 0.13% | +0.13 |
| VEA Vanguard Ftse Developed ETF | Add +11.6% | 0.42% | +0.11 |
| VWO Vanguard Ftse Emerging Marke | Add +41.4% | 0.22% | +0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +3.9% | 0.50% | +0.06 |
| JAAA Janus Henderson Aaa Clo ETF | Add +8.4% | 0.31% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.4% | 0.44% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.5% | 0.21% | +0.05 |
| IWF iShares Russell 1000 Growth | Add +7.7% | 0.42% | +0.04 |
| RWL Invesco S&P 500 Revenue ETF | Add +0.1% | 0.27% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +0.1% | 0.26% | +0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.2% | 0.25% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.1% | 0.14% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.1% | 0.12% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +3.2% | 0.30% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 131 | $312.1M | VTI, IWV, BOXX, VTHR, JAAA |
| Q1 2026 | 114 | $292.0M | VTI, BOXX, IWV, VTHR, JAAA |
| Q4 2025 | 97 | $249.6M | VTI, BOXX, IWV, VTHR, ESGV |
| Q3 2025 | 89 | $210.9M | VTI, IWV, BOXX, VTHR, ITOT |
| Q2 2025 | 81 | $186.5M | VTI, IWV, BOXX, VTHR, ITOT |
| Q1 2025 | 82 | $174.5M | VTI, IWV, BOXX, VTHR, VOO |
| Q4 2024 | 91 | $201.8M | VTI, IWV, BOXX, VTHR, MSFT |