Pennington Partners & Co., LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Pennington Partners & Co., LLC reported 81 stock positions worth $186.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 25.3% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 18.6%) and Alpha Architect 1-3 MNTH Box (BOXX, 14.6%). Compared with Q1 2025, it opened 8 new positions, sold out of 9, added to 16 and reduced 38. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +315%) and the biggest sale Alpha Architect 1-3 MNTH Box (BOXX, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0001779355
- Portfolio Value
- $186.5M (Q2 2025)
- SEC Filing
- 0001420506-25-001995 ↗ filed Aug 14, 2025
Holdings Value
Holdings 81 stocks · $186.5M
| VTI VG Morningstar TS MKT ETF-US | 25.28% | 154,643 | $47.1M | Reduce -3.3% |
| IWV iShares Russell 3000 ETF | 18.58% | 98,726 | $34.7M | Reduce -3.5% |
| BOXX Alpha Architect 1-3 MNTH Box | 14.63% | 242,064 | $27.3M | Reduce -5.5% |
| VTHR Vanguard Russell 3000 | 6.77% | 46,295 | $12.6M | Add +7.4% |
| ITOT iShares Core S&P Total U.S. | 2.39% | 32,991 | $4.5M | Add +26.6% |
| VOO Vanguard S&P 500 ETF | 1.96% | 6,402 | $3.6M | Add +3.4% |
| ACWI iShares MSCI Acwi ETF | 1.80% | 26,111 | $3.4M | Reduce -0.6% |
| MSFT Microsoft Corp. | 1.52% | 5,685 | $2.8M | Reduce -8.0% |
| IVV iShares Core S&P 500 ETF | 1.33% | 3,994 | $2.5M | Add +6.2% |
| AMZN Amazon.com Inc. | 1.30% | 11,010 | $2.4M | Reduce -6.8% |
| AAPL Apple Inc. | 1.29% | 11,707 | $2.4M | Add +130.1% |
| JAAA Janus Henderson Aaa Clo ETF | 1.21% | 44,319 | $2.2M | Add +314.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.11% | 4,254 | $2.1M | Reduce -15.7% |
| HTGC Hercules Capital Inc. | 0.95% | 96,700 | $1.8M | No change |
| MAR Marriott International Class A | 0.91% | 6,211 | $1.7M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.85% | 10,029 | $1.6M | Reduce -28.8% |
| ABR Arbor Realty Trust Inc. | 0.73% | 127,316 | $1.4M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.68% | 20,691 | $1.3M | Add +0.4% |
| IBIT iShares Bitcoin Trust ETF | 0.67% | 20,550 | $1.3M | Reduce -8.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.65% | 5,323 | $1.2M | Reduce -35.4% |
| GOOGL Alphabet Inc. Class A | 0.61% | 6,486 | $1.1M | Reduce -12.0% |
| UBER Uber Technologies Inc. | 0.54% | 10,820 | $1.0M | No change |
| EFA iShares MSCI Eafe ETF | 0.53% | 10,980 | $981K | Add +0.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.52% | 3,388 | $969K | No change |
| VEA Vanguard Ftse Developed ETF | 0.51% | 16,577 | $945K | Add +14.6% |
| IXUS iShares Core Intl Stock ETF | 0.50% | 12,115 | $937K | No change |
| JPM JPMorgan Chase & Co. | 0.47% | 3,048 | $884K | Reduce -5.0% |
| GS Goldman Sachs Group Inc. | 0.46% | 1,210 | $856K | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 0.46% | 2,013 | $855K | No change |
| WMT Walmart Inc. | 0.45% | 8,520 | $833K | Reduce -3.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.43% | 2,840 | $798K | Reduce -4.5% |
| AGG iShares Core U.S. Aggregate | 0.42% | 7,867 | $780K | Add +0.2% |
| VTWO Vanguard Russell 2000 ETF | 0.40% | 8,508 | $742K | No change |
| AMZA Infracap MLP ETF | 0.37% | 16,000 | $694K | No change |
| META Meta Platforms Inc. Class A | 0.36% | 901 | $665K | Reduce -7.4% |
| STAG Stag Industrial Inc. | 0.35% | 18,160 | $661K | No change |
| GOOG Alphabet Inc. Class C | 0.31% | 3,216 | $571K | Reduce -3.1% |
| VT Vanguard Tot World STK ETF | 0.31% | 4,439 | $571K | New |
| EPD Enterprise Products Partners | 0.29% | 17,386 | $539K | Reduce -1.1% |
| VWO Vanguard Ftse Emerging Marke | 0.27% | 10,040 | $497K | Add +19.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 1,667 | $491K | Reduce -1.2% |
| RWL Invesco S&P 500 Revenue ETF | 0.26% | 4,678 | $488K | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 787 | $487K | Reduce -60.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.26% | 1,329 | $487K | New |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 2,680 | $487K | No change |
| VNQ Vanguard Real Estate ETF | 0.24% | 4,968 | $442K | Reduce -0.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.24% | 5,465 | $441K | Add +0.3% |
| VYM Vanguard High DVD Yield ETF | 0.22% | 3,073 | $410K | No change |
| COST Costco Wholesale Corp. | 0.22% | 407 | $403K | Reduce -9.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.21% | 4,588 | $383K | Reduce -3.9% |
| PG The Procter & Gamble Co. | 0.20% | 2,377 | $379K | Reduce -5.9% |
| CVX Chevron Corp. | 0.18% | 2,386 | $342K | Reduce -1.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.18% | 4,662 | $339K | Reduce -13.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.18% | 6,372 | $334K | New |
| V Visa Inc. Class A | 0.18% | 930 | $330K | Reduce -11.8% |
| VIG Vanguard Dividend Apprec ETF | 0.18% | 1,600 | $329K | Add +6.7% |
| AVGO Broadcom Inc. | 0.17% | 1,175 | $324K | Reduce -23.9% |
| DHR Danaher Corp. | 0.17% | 1,628 | $322K | Reduce -27.6% |
| IYW iShares Ustechnology ETF | 0.17% | 1,782 | $309K | No change |
| EEM iShares MSCI Emerging Market | 0.16% | 6,080 | $293K | Add +0.0% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.15% | 700 | $283K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 510 | $282K | No change |
| XNTK SS SPDR Nyse Tech ETF | 0.15% | 1,185 | $281K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.15% | 996 | $276K | Reduce -7.0% |
| BX Blackstone Inc. | 0.15% | 1,836 | $275K | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.15% | 3,802 | $271K | Reduce -2.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 1,339 | $262K | Reduce -3.8% |
| EMR Emerson Electric Co. | 0.14% | 1,966 | $262K | Reduce -0.6% |
| IEUR iShares Core MSCI Europe ETF | 0.14% | 3,874 | $256K | Add +0.3% |
| MA Mastercard Inc. Class A | 0.14% | 455 | $256K | Reduce -12.3% |
| XSW SS SPDR S&P Soft & Serv ETF | 0.13% | 1,312 | $249K | No change |
| XAR SS SPDR S&P Aerospace Def | 0.13% | 1,174 | $248K | New |
| XSD SS SPDR S&P Semiconductor | 0.13% | 937 | $240K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 5,068 | $240K | Reduce -2.8% |
| IAU iShares Gold Trust | 0.13% | 3,770 | $235K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 1,209 | $215K | No change |
| VXUS Vanguard Total Intl Stock | 0.11% | 3,094 | $214K | New |
| IWB iShares Russell 1000 ETF | 0.11% | 607 | $206K | New |
| IUSG iShares Core S&P U.S. Growth | 0.11% | 1,360 | $204K | New |
| FIP Ftai Infrastructure Inc. | 0.08% | 24,935 | $154K | Reduce -1.0% |
| GNW Genworth Financial Inc. | 0.05% | 12,000 | $93K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -5.5% | 14.63% | −1.74 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.58 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -15.7% | 1.11% | −0.43 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -60.5% | 0.26% | −0.38 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -35.4% | 0.65% | −0.26 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.23 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.21 |
| RTX RTX Corp. | Sold out | 0.00% | −0.16 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.15 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.13 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.13 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.12 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.12 |
| DHR Danaher Corp. | Reduce -27.6% | 0.17% | −0.09 |
| EPD Enterprise Products Partners | Reduce -1.1% | 0.29% | −0.05 |
| CVX Chevron Corp. | Reduce -1.2% | 0.18% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -5.9% | 0.20% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -12.0% | 0.61% | −0.04 |
| V Visa Inc. Class A | Reduce -11.8% | 0.18% | −0.03 |
| IWV iShares Russell 3000 ETF | Reduce -3.5% | 18.58% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -9.2% | 0.22% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -12.3% | 0.14% | −0.03 |
| NVDA Nvidia Corp. | Reduce -28.8% | 0.85% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -13.6% | 0.18% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -0.2% | 0.24% | −0.02 |
| KO The Coca-Cola Co. | Reduce -2.3% | 0.15% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.5% | 0.43% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.8% | 0.14% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -7.0% | 0.15% | −0.01 |
| BX Blackstone Inc. | Reduce -2.1% | 0.15% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.9% | 0.21% | −0.00 |
| WMT Walmart Inc. | Reduce -3.6% | 0.45% | +0.00 |
| BAC Bank of America Corp. | Reduce -2.8% | 0.13% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -6.8% | 1.30% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -3.1% | 0.31% | +0.01 |
| EMR Emerson Electric Co. | Reduce -0.6% | 0.14% | +0.02 |
| FIP Ftai Infrastructure Inc. | Reduce -1.0% | 0.08% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -5.0% | 0.47% | +0.02 |
| IBM Intl Business Machines Corp. | Reduce -1.2% | 0.26% | +0.02 |
| AVGO Broadcom Inc. | Reduce -23.9% | 0.17% | +0.03 |
| META Meta Platforms Inc. Class A | Reduce -7.4% | 0.36% | +0.04 |
| MAR Marriott International Class A | Reduce -1.9% | 0.91% | +0.05 |
| ACWI iShares MSCI Acwi ETF | Reduce -0.6% | 1.80% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Reduce -8.3% | 0.67% | +0.07 |
| GS Goldman Sachs Group Inc. | Reduce -1.6% | 0.46% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.3% | 25.28% | +0.10 |
| MSFT Microsoft Corp. | Reduce -8.0% | 1.52% | +0.19 |
Portfolio Buys Q1 2025 → Q2 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +314.7% | 1.21% | +0.90 |
| VTHR Vanguard Russell 3000 | Add +7.4% | 6.77% | +0.68 |
| AAPL Apple Inc. | Add +130.1% | 1.29% | +0.64 |
| ITOT iShares Core S&P Total U.S. | Add +26.6% | 2.39% | +0.57 |
| VT Vanguard Tot World STK ETF | New | 0.31% | +0.31 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.26% | +0.26 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.18% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +3.4% | 1.96% | +0.13 |
| XAR SS SPDR S&P Aerospace Def | New | 0.13% | +0.13 |
| XSD SS SPDR S&P Semiconductor | New | 0.13% | +0.13 |
| IVV iShares Core S&P 500 ETF | Add +6.2% | 1.33% | +0.12 |
| VXUS Vanguard Total Intl Stock | New | 0.11% | +0.11 |
| IWB iShares Russell 1000 ETF | New | 0.11% | +0.11 |
| IUSG iShares Core S&P U.S. Growth | New | 0.11% | +0.11 |
| VEA Vanguard Ftse Developed ETF | Add +14.6% | 0.51% | +0.09 |
| VWO Vanguard Ftse Emerging Marke | Add +19.8% | 0.27% | +0.05 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +0.4% | 0.68% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.0% | 0.53% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +6.7% | 0.18% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +0.0% | 0.16% | +0.01 |
| IEUR iShares Core MSCI Europe ETF | Add +0.3% | 0.14% | +0.00 |
| RWL Invesco S&P 500 Revenue ETF | Add +0.1% | 0.26% | −0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.3% | 0.24% | −0.01 |
| AGG iShares Core U.S. Aggregate | Add +0.2% | 0.42% | −0.03 |
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 |