Pennington Partners & Co., LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Pennington Partners & Co., LLC reported 89 stock positions worth $210.9 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, 17.5%) and Alpha Architect 1-3 MNTH Box (BOXX, 12.9%). Compared with Q2 2025, it opened 17 new positions, sold out of 9, added to 30 and reduced 15. The biggest buy was a new position in Lineage (LINE) and the biggest sale Alpha Architect 1-3 MNTH Box (BOXX, shares −1%).

Most Recent 13F
Q2 2026
Location
Bethesda, MD
CIK
0001779355
Portfolio Value
$210.9M (Q3 2025)
SEC Filing
0001420506-25-003347 ↗ filed Nov 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q4 2024: $201.8M Q4 2024 Q1 2025: $174.5M Q1 2025 Q2 2025: $186.5M Q2 2025 Q3 2025: $210.9M $210.9M Q3 2025 Q4 2025: $249.6M Q4 2025 Q1 2026: $292.0M Q1 2026 Q2 2026: $312.1M Q2 2026

Holdings 89 stocks · $210.9M
VTI VG Morningstar TS MKT ETF-US 25.23% 161,693 $53.2M Add +4.6%
IWV iShares Russell 3000 ETF 17.52% 97,512 $37.0M Reduce -1.2%
BOXX Alpha Architect 1-3 MNTH Box 12.92% 239,395 $27.3M Reduce -1.1%
VTHR Vanguard Russell 3000 6.45% 46,252 $13.6M Reduce -0.1%
ITOT iShares Core S&P Total U.S. 2.28% 32,993 $4.8M Add +0.0%
ACWI iShares MSCI Acwi ETF 2.21% 33,796 $4.7M Add +29.4%
VOO Vanguard S&P 500 ETF 1.95% 6,703 $4.1M Add +4.7%
LINE Lineage Inc. 1.38% 74,370 $2.9M New
MSFT Microsoft Corp. 1.37% 5,596 $2.9M Reduce -1.6%
IVV iShares Core S&P 500 ETF 1.31% 4,132 $2.8M Add +3.5%
AMZN Amazon.com Inc. 1.20% 11,513 $2.5M Add +4.6%
JAAA Janus Henderson Aaa Clo ETF 1.16% 47,983 $2.4M Add +8.3%
IBIT iShares Bitcoin Trust ETF 1.09% 35,370 $2.3M Add +72.1%
NVDA Nvidia Corp. 1.04% 11,747 $2.2M Add +17.1%
BRK.B Berkshire Hathaway Inc. Class B 1.01% 4,254 $2.1M No change
HTGC Hercules Capital Inc. 0.87% 96,700 $1.8M No change
GOOGL Alphabet Inc. Class A 0.79% 6,836 $1.7M Add +5.4%
PLTR Palantir Technologies Inc. Class A 0.79% 9,086 $1.7M New
MAR Marriott International Class A 0.77% 6,237 $1.6M Add +0.4%
ABR Arbor Realty Trust Inc. 0.74% 127,316 $1.6M No change
UBER Uber Technologies Inc. 0.67% 14,486 $1.4M Add +33.9%
ACWX iShares MSCI Acwi Ex US ETF 0.64% 20,691 $1.3M No change
QQQM Invesco Nasdaq 100 ETF 0.62% 5,326 $1.3M Add +0.1%
AAPL Apple Inc. 0.58% 4,786 $1.2M Reduce -59.1%
VEA Vanguard Ftse Developed ETF 0.56% 19,740 $1.2M Add +19.1%
UNH Unitedhealth Group Inc. 0.52% 3,159 $1.1M New
EFA iShares MSCI Eafe ETF 0.49% 10,980 $1.0M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.48% 3,256 $1.0M Reduce -3.9%
IXUS iShares Core Intl Stock ETF 0.47% 12,115 $1.0M No change
JPM JPMorgan Chase & Co. 0.46% 3,086 $973K Add +1.3%
WMT Walmart Inc. 0.45% 9,209 $949K Add +8.1%
IWF iShares Russell 1000 Growth 0.45% 2,013 $943K No change
GOOG Alphabet Inc. Class C 0.43% 3,718 $905K Add +15.6%
META Meta Platforms Inc. Class A 0.41% 1,184 $869K Add +31.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.40% 2,840 $837K No change
VTWO Vanguard Russell 2000 ETF 0.39% 8,508 $832K No change
GS Goldman Sachs Group Inc. 0.39% 1,034 $824K Reduce -14.6%
AGG iShares Core U.S. Aggregate 0.37% 7,824 $784K Reduce -0.6%
SCHF Schwab Intl Equity ETF 0.36% 32,424 $755K New
VCIT Vanguard Int-Term Corporate 0.31% 7,760 $653K New
STAG Stag Industrial Inc. 0.30% 18,160 $643K No change
AMZA Infracap MLP ETF 0.30% 16,000 $643K No change
VWO Vanguard Ftse Emerging Marke 0.30% 11,608 $629K Add +15.6%
VT Vanguard Tot World STK ETF 0.29% 4,439 $612K No change
ABNB Airbnb Inc. Class A 0.28% 4,841 $588K New
EPD Enterprise Products Partners 0.26% 17,386 $544K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.25% 1,329 $535K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 786 $525K Reduce -0.1%
RWL Invesco S&P 500 Revenue ETF 0.25% 4,682 $518K Add +0.1%
RSP Invesco S&P 500 Equal Weight 0.24% 2,680 $508K No change
QQQ Invesco QQQ Trust Series 1 0.22% 787 $473K Add +54.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 1,668 $471K Add +0.1%
AVGO Broadcom Inc. 0.22% 1,407 $464K Add +19.7%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.21% 5,360 $435K Reduce -1.9%
VYM Vanguard High DVD Yield ETF 0.21% 3,073 $433K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 2,250 $422K Add +86.1%
COST Costco Wholesale Corp. 0.19% 439 $407K Add +7.9%
IEFA iShares Core MSCI Eafe ETF 0.19% 4,588 $401K No change
VNQ Vanguard Real Estate ETF 0.18% 4,268 $390K Reduce -14.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 7,256 $374K Add +43.2%
MUB iShares National Muni Bond E 0.17% 3,455 $368K New
CVX Chevron Corp. 0.17% 2,360 $366K Reduce -1.1%
V Visa Inc. Class A 0.17% 1,066 $364K Add +14.6%
SPYV SS SPDR P S&P 500 Value ETF 0.17% 6,372 $353K No change
RTX RTX Corp. 0.17% 2,099 $351K New
IYW iShares Ustechnology ETF 0.17% 1,782 $349K No change
PG The Procter & Gamble Co. 0.16% 2,261 $347K Reduce -4.9%
VIG Vanguard Dividend Apprec ETF 0.16% 1,600 $347K No change
TSLA Tesla Inc. 0.16% 770 $342K New
EEM iShares MSCI Emerging Market 0.15% 6,080 $325K No change
KO The Coca-Cola Co. 0.15% 4,814 $322K Add +26.6%
DHR Danaher Corp. 0.15% 1,596 $317K Reduce -2.0%
BX Blackstone Inc. 0.15% 1,836 $314K No change
IEUR iShares Core MSCI Europe ETF 0.14% 4,424 $301K Add +14.2%
IAU iShares Gold Trust 0.13% 3,770 $274K No change
MA Mastercard Inc. Class A 0.11% 422 $240K Reduce -7.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.11% 2,098 $229K New
VXUS Vanguard Total Intl Stock 0.11% 3,094 $227K No change
MSTR Strategy Inc. 0.11% 700 $226K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 1,551 $224K New
IWB iShares Russell 1000 ETF 0.11% 608 $222K Add +0.2%
ET Energy Transfer LP 0.10% 12,600 $216K New
XOM Exxon Mobil Corp. 0.10% 1,839 $207K New
ETHA iShares Ethereum Trust ETF 0.10% 6,538 $206K New
ORCL Oracle Corp. 0.10% 732 $206K New
IVE iShares S&P 500 Value ETF 0.10% 990 $204K New
LPX Louisiana-Pacific Corp. 0.10% 2,277 $202K New
FIP Ftai Infrastructure Inc. 0.05% 24,935 $109K No change
GNW Genworth Financial Inc. 0.05% 12,000 $107K No change

Portfolio Sells Q2 2025 → Q3 2025
BOXX Alpha Architect 1-3 MNTH Box Reduce -1.1% 12.92% −1.70
IWV iShares Russell 3000 ETF Reduce -1.2% 17.52% −1.06
AAPL Apple Inc. Reduce -59.1% 0.58% −0.71
VTHR Vanguard Russell 3000 Reduce -0.1% 6.45% −0.32
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.18
XNTK SS SPDR Nyse Tech ETF Sold out 0.00% −0.15
VBK Van Morst SML-Cap Gro-Usd Inc. Sold out 0.00% −0.15
MSFT Microsoft Corp. Reduce -1.6% 1.37% −0.14
VBR Vngrd Mrngst SL-CP Val ETF-U Sold out 0.00% −0.14
EMR Emerson Electric Co. Sold out 0.00% −0.14
XSW SS SPDR S&P Soft & Serv ETF Sold out 0.00% −0.13
XAR SS SPDR S&P Aerospace Def Sold out 0.00% −0.13
XSD SS SPDR S&P Semiconductor Sold out 0.00% −0.13
IUSG iShares Core S&P U.S. Growth Sold out 0.00% −0.11
GS Goldman Sachs Group Inc. Reduce -14.6% 0.39% −0.07
VNQ Vanguard Real Estate ETF Reduce -14.1% 0.18% −0.05
AGG iShares Core U.S. Aggregate Reduce -0.6% 0.37% −0.05
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -3.9% 0.48% −0.04
PG The Procter & Gamble Co. Reduce -4.9% 0.16% −0.04
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -1.9% 0.21% −0.03
MA Mastercard Inc. Class A Reduce -7.3% 0.11% −0.02
DHR Danaher Corp. Reduce -2.0% 0.15% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 0.25% −0.01
CVX Chevron Corp. Reduce -1.1% 0.17% −0.01

Portfolio Buys Q2 2025 → Q3 2025
LINE Lineage Inc. New 1.38% +1.38
PLTR Palantir Technologies Inc. Class A New 0.79% +0.79
UNH Unitedhealth Group Inc. New 0.52% +0.52
IBIT iShares Bitcoin Trust ETF Add +72.1% 1.09% +0.42
ACWI iShares MSCI Acwi ETF Add +29.4% 2.21% +0.41
SCHF Schwab Intl Equity ETF New 0.36% +0.36
VCIT Vanguard Int-Term Corporate New 0.31% +0.31
ABNB Airbnb Inc. Class A New 0.28% +0.28
NVDA Nvidia Corp. Add +17.1% 1.04% +0.19
GOOGL Alphabet Inc. Class A Add +5.4% 0.79% +0.17
MUB iShares National Muni Bond E New 0.17% +0.17
RTX RTX Corp. New 0.17% +0.17
TSLA Tesla Inc. New 0.16% +0.16
UBER Uber Technologies Inc. Add +33.9% 0.67% +0.13
GOOG Alphabet Inc. Class C Add +15.6% 0.43% +0.12
BNY Bank of New York Mellon Corp. New 0.11% +0.11
TJX TJX Companies Inc. New 0.11% +0.11
ET Energy Transfer LP New 0.10% +0.10
XOM Exxon Mobil Corp. New 0.10% +0.10
ETHA iShares Ethereum Trust ETF New 0.10% +0.10
ORCL Oracle Corp. New 0.10% +0.10
IVE iShares S&P 500 Value ETF New 0.10% +0.10
LPX Louisiana-Pacific Corp. New 0.10% +0.10
VTV Vanguard Mrngstr Val ETF-Aui Add +86.1% 0.20% +0.08
QQQ Invesco QQQ Trust Series 1 Add +54.3% 0.22% +0.07
META Meta Platforms Inc. Class A Add +31.4% 0.41% +0.06
VEA Vanguard Ftse Developed ETF Add +19.1% 0.56% +0.05
BAC Bank of America Corp. Add +43.2% 0.18% +0.05
AVGO Broadcom Inc. Add +19.7% 0.22% +0.05
VWO Vanguard Ftse Emerging Marke Add +15.6% 0.30% +0.03
KO The Coca-Cola Co. Add +26.6% 0.15% +0.01
IEUR iShares Core MSCI Europe ETF Add +14.2% 0.14% +0.01
WMT Walmart Inc. Add +8.1% 0.45% +0.00
VOO Vanguard S&P 500 ETF Add +4.7% 1.95% −0.00
V Visa Inc. Class A Add +14.6% 0.17% −0.00
IWB iShares Russell 1000 ETF Add +0.2% 0.11% −0.01
JPM JPMorgan Chase & Co. Add +1.3% 0.46% −0.01
RWL Invesco S&P 500 Revenue ETF Add +0.1% 0.25% −0.02
IVV iShares Core S&P 500 ETF Add +3.5% 1.31% −0.02
COST Costco Wholesale Corp. Add +7.9% 0.19% −0.02
QQQM Invesco Nasdaq 100 ETF Add +0.1% 0.62% −0.02
IBM Intl Business Machines Corp. Add +0.1% 0.22% −0.04
JAAA Janus Henderson Aaa Clo ETF Add +8.3% 1.16% −0.05
VTI VG Morningstar TS MKT ETF-US Add +4.6% 25.23% −0.05
AMZN Amazon.com Inc. Add +4.6% 1.20% −0.10
ITOT iShares Core S&P Total U.S. Add +0.0% 2.28% −0.11
MAR Marriott International Class A Add +0.4% 0.77% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 131$312.1MVTI, IWV, BOXX, VTHR, JAAA
Q1 2026 114$292.0MVTI, BOXX, IWV, VTHR, JAAA
Q4 2025 97$249.6MVTI, BOXX, IWV, VTHR, ESGV
Q3 2025 89$210.9MVTI, IWV, BOXX, VTHR, ITOT
Q2 2025 81$186.5MVTI, IWV, BOXX, VTHR, ITOT
Q1 2025 82$174.5MVTI, IWV, BOXX, VTHR, VOO
Q4 2024 91$201.8MVTI, IWV, BOXX, VTHR, MSFT