Pennington Partners & Co., LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Pennington Partners & Co., LLC reported 97 stock positions worth $249.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 24.0% of the portfolio, followed by Alpha Architect 1-3 MNTH Box (BOXX, 18.9%) and iShares Russell 3000 ETF (IWV, 15.1%). Compared with Q3 2025, it opened 14 new positions, sold out of 6, added to 36 and reduced 25. The biggest buy was Alpha Architect 1-3 MNTH Box (BOXX, shares +71%) and the biggest sale Vanguard Russell 3000 (VTHR, shares −1%).

Most Recent 13F
Q2 2026
Location
Bethesda, MD
CIK
0001779355
Portfolio Value
$249.6M (Q4 2025)
SEC Filing
0001104659-26-016520 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $249.6M $249.6M Q4 2025 Q1 2026: $292.0M Q1 2026 Q2 2026: $312.1M Q2 2026

Holdings 97 stocks · $249.6M
VTI VG Morningstar TS MKT ETF-US 24.02% 178,792 $59.9M Add +10.6%
BOXX Alpha Architect 1-3 MNTH Box 18.88% 409,364 $47.1M Add +71.0%
IWV iShares Russell 3000 ETF 15.14% 97,673 $37.8M Add +0.2%
VTHR Vanguard Russell 3000 5.52% 45,892 $13.8M Reduce -0.8%
ESGV Vanguard ESG US Stock ETF 2.21% 45,676 $5.5M New
ITOT iShares Core S&P Total U.S. 1.97% 32,995 $4.9M Add +0.0%
ACWI iShares MSCI Acwi ETF 1.86% 32,725 $4.6M Reduce -3.2%
VOO Vanguard S&P 500 ETF 1.66% 6,613 $4.1M Reduce -1.3%
IBIT iShares Bitcoin Trust ETF 1.41% 71,059 $3.5M Add +100.9%
MSFT Microsoft Corp. 1.14% 5,865 $2.8M Add +4.8%
IVV iShares Core S&P 500 ETF 1.10% 4,006 $2.7M Reduce -3.0%
LINE Lineage Inc. 1.07% 75,342 $2.7M Add +1.3%
AMZN Amazon.com Inc. 1.06% 11,513 $2.7M No change
JAAA Janus Henderson Aaa Clo ETF 0.97% 47,983 $2.4M No change
NVDA Nvidia Corp. 0.88% 11,745 $2.2M Reduce -0.0%
GOOGL Alphabet Inc. Class A 0.85% 6,817 $2.1M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.84% 4,174 $2.1M Reduce -1.9%
MAR Marriott International Class A 0.78% 6,237 $1.9M No change
HTGC Hercules Capital Inc. 0.73% 96,700 $1.8M No change
PLTR Palantir Technologies Inc. Class A 0.65% 9,096 $1.6M Add +0.1%
ACWX iShares MSCI Acwi Ex US ETF 0.54% 20,167 $1.4M Reduce -2.5%
QQQM Invesco Nasdaq 100 ETF 0.54% 5,329 $1.3M Add +0.1%
ZETA Zeta Global Holdings Corp. Class A 0.54% 65,901 $1.3M New
VEA Vanguard Ftse Developed ETF 0.54% 21,445 $1.3M Add +8.6%
AAPL Apple Inc. 0.51% 4,664 $1.3M Reduce -2.5%
UBER Uber Technologies Inc. 0.48% 14,576 $1.2M Add +0.6%
GOOG Alphabet Inc. Class C 0.45% 3,618 $1.1M Reduce -2.7%
EFA iShares MSCI Eafe ETF 0.42% 10,983 $1.1M Add +0.0%
WMT Walmart Inc. 0.41% 9,209 $1.0M No change
IXUS iShares Core Intl Stock ETF 0.41% 12,115 $1.0M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.41% 3,226 $1.0M Reduce -0.9%
ABR Arbor Realty Trust Inc. 0.40% 127,316 $988K No change
IWF iShares Russell 1000 Growth 0.38% 2,013 $953K No change
JPM JPMorgan Chase & Co. 0.38% 2,957 $953K Reduce -4.2%
VTWO Vanguard Russell 2000 ETF 0.34% 8,508 $847K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.33% 2,840 $824K No change
GS Goldman Sachs Group Inc. 0.33% 936 $823K Reduce -9.5%
IAU iShares Gold Trust 0.33% 10,062 $817K Add +166.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.31% 1,150 $785K Add +46.3%
SCHF Schwab Intl Equity ETF 0.31% 32,591 $783K Add +0.5%
META Meta Platforms Inc. Class A 0.31% 1,154 $762K Reduce -2.5%
VWO Vanguard Ftse Emerging Marke 0.30% 14,055 $756K Add +21.1%
AGG iShares Core U.S. Aggregate 0.28% 6,954 $695K Reduce -11.1%
STAG Stag Industrial Inc. 0.27% 18,160 $670K No change
VCIT Vanguard Int-Term Corporate 0.26% 7,876 $660K Add +1.5%
ABNB Airbnb Inc. Class A 0.26% 4,841 $657K No change
AMZA Infracap MLP ETF 0.26% 16,000 $641K No change
QQQ Invesco QQQ Trust Series 1 0.26% 1,038 $637K Add +31.9%
BIL SS SPDR BB 1-3M T-Bill ETF 0.25% 6,731 $615K New
VT Vanguard Tot World STK ETF 0.23% 4,117 $581K Reduce -7.3%
EPD Enterprise Products Partners 0.22% 17,386 $557K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.22% 1,329 $549K No change
RWL Invesco S&P 500 Revenue ETF 0.21% 4,686 $537K Add +0.1%
VBIL Vanguard 0-3M T-Bill ETF 0.20% 6,760 $510K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 1,669 $494K Add +0.1%
AVGO Broadcom Inc. 0.19% 1,368 $473K Reduce -2.8%
VYM Vanguard High DVD Yield ETF 0.18% 3,073 $441K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 2,250 $430K No change
TSLA Tesla Inc. 0.17% 951 $428K Add +23.5%
IEFA iShares Core MSCI Eafe ETF 0.16% 4,598 $411K Add +0.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.16% 5,052 $407K Reduce -5.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 7,268 $400K Add +0.2%
IEUR iShares Core MSCI Europe ETF 0.16% 5,493 $390K Add +24.2%
RTX RTX Corp. 0.15% 2,100 $385K Add +0.1%
V Visa Inc. Class A 0.15% 1,067 $374K Add +0.1%
COST Costco Wholesale Corp. 0.15% 427 $368K Reduce -2.7%
DHR Danaher Corp. 0.15% 1,596 $366K No change
CVX Chevron Corp. 0.14% 2,368 $361K Add +0.3%
MUB iShares National Muni Bond E 0.14% 3,363 $360K Reduce -2.7%
IYW iShares Ustechnology ETF 0.14% 1,782 $356K No change
VIG Vanguard Dividend Apprec ETF 0.14% 1,601 $352K Add +0.1%
BX Blackstone Inc. 0.14% 2,240 $345K Add +22.0%
EEM iShares MSCI Emerging Market 0.14% 6,287 $344K Add +3.4%
KO The Coca-Cola Co. 0.14% 4,846 $339K Add +0.7%
PG The Procter & Gamble Co. 0.13% 2,286 $328K Add +1.1%
SPYV SS SPDR P S&P 500 Value ETF 0.13% 5,702 $324K Reduce -10.5%
RSP Invesco S&P 500 Equal Weight 0.13% 1,690 $324K Reduce -36.9%
VNQ Vanguard Real Estate ETF 0.12% 3,501 $310K Reduce -18.0%
LLY Eli Lilly & Co. 0.11% 255 $274K New
BINC iShares Flex I A ETF-Usd Inc. 0.11% 5,100 $269K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.10% 864 $261K New
MRK Merck & Co. Inc. 0.10% 2,358 $250K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.10% 2,105 $244K Add +0.3%
MA Mastercard Inc. Class A 0.10% 423 $241K Add +0.2%
CAT Caterpillar Inc. 0.10% 419 $240K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 1,098 $232K New
AMD Advanced Micro Devices 0.09% 1,085 $232K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 1,504 $231K Reduce -3.0%
IWB iShares Russell 1000 ETF 0.09% 609 $227K Add +0.2%
XOM Exxon Mobil Corp. 0.09% 1,844 $222K Add +0.3%
IVE iShares S&P 500 Value ETF 0.08% 990 $210K No change
VXUS Vanguard Total Intl Stock 0.08% 2,774 $209K Reduce -10.3%
JNJ Johnson & Johnson 0.08% 1,010 $209K New
CSCO Cisco Systems Inc. 0.08% 2,708 $209K New
CYTK Cytokinetics Inc. 0.08% 3,278 $208K New
ET Energy Transfer LP 0.08% 12,600 $208K No change
GNW Genworth Financial Inc. 0.04% 12,000 $108K No change

Portfolio Sells Q3 2025 → Q4 2025
VTHR Vanguard Russell 3000 Reduce -0.8% 5.52% −0.93
UNH Unitedhealth Group Inc. Sold out 0.00% −0.52
ACWI iShares MSCI Acwi ETF Reduce -3.2% 1.86% −0.36
VOO Vanguard S&P 500 ETF Reduce -1.3% 1.66% −0.29
IVV iShares Core S&P 500 ETF Reduce -3.0% 1.10% −0.21
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.9% 0.84% −0.17
NVDA Nvidia Corp. Reduce -0.0% 0.88% −0.16
RSP Invesco S&P 500 Equal Weight Reduce -36.9% 0.13% −0.11
META Meta Platforms Inc. Class A Reduce -2.5% 0.31% −0.11
MSTR Strategy Inc. Sold out 0.00% −0.11
ETHA iShares Ethereum Trust ETF Sold out 0.00% −0.10
ORCL Oracle Corp. Sold out 0.00% −0.10
LPX Louisiana-Pacific Corp. Sold out 0.00% −0.10
ACWX iShares MSCI Acwi Ex US ETF Reduce -2.5% 0.54% −0.10
AGG iShares Core U.S. Aggregate Reduce -11.1% 0.28% −0.09
JPM JPMorgan Chase & Co. Reduce -4.2% 0.38% −0.08
AAPL Apple Inc. Reduce -2.5% 0.51% −0.07
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.9% 0.41% −0.07
GS Goldman Sachs Group Inc. Reduce -9.5% 0.33% −0.06
VNQ Vanguard Real Estate ETF Reduce -18.0% 0.12% −0.06
VT Vanguard Tot World STK ETF Reduce -7.3% 0.23% −0.06
FIP Ftai Infrastructure Inc. Sold out 0.00% −0.05
COST Costco Wholesale Corp. Reduce -2.7% 0.15% −0.05
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -5.8% 0.16% −0.04
SPYV SS SPDR P S&P 500 Value ETF Reduce -10.5% 0.13% −0.04
AVGO Broadcom Inc. Reduce -2.8% 0.19% −0.03
MUB iShares National Muni Bond E Reduce -2.7% 0.14% −0.03
VXUS Vanguard Total Intl Stock Reduce -10.3% 0.08% −0.02
TJX TJX Companies Inc. Reduce -3.0% 0.09% −0.01
GOOG Alphabet Inc. Class C Reduce -2.7% 0.45% +0.03
GOOGL Alphabet Inc. Class A Reduce -0.3% 0.85% +0.07

Portfolio Buys Q3 2025 → Q4 2025
BOXX Alpha Architect 1-3 MNTH Box Add +71.0% 18.88% +5.96
ESGV Vanguard ESG US Stock ETF New 2.21% +2.21
ZETA Zeta Global Holdings Corp. Class A New 0.54% +0.54
IBIT iShares Bitcoin Trust ETF Add +100.9% 1.41% +0.32
BIL SS SPDR BB 1-3M T-Bill ETF New 0.25% +0.25
VBIL Vanguard 0-3M T-Bill ETF New 0.20% +0.20
IAU iShares Gold Trust Add +166.9% 0.33% +0.20
LLY Eli Lilly & Co. New 0.11% +0.11
BINC iShares Flex I A ETF-Usd Inc. New 0.11% +0.11
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.10% +0.10
MRK Merck & Co. Inc. New 0.10% +0.10
CAT Caterpillar Inc. New 0.10% +0.10
AMD Advanced Micro Devices New 0.09% +0.09
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.09% +0.09
JNJ Johnson & Johnson New 0.08% +0.08
CSCO Cisco Systems Inc. New 0.08% +0.08
CYTK Cytokinetics Inc. New 0.08% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +46.3% 0.31% +0.07
QQQ Invesco QQQ Trust Series 1 Add +31.9% 0.26% +0.03
IEUR iShares Core MSCI Europe ETF Add +24.2% 0.16% +0.01
TSLA Tesla Inc. Add +23.5% 0.17% +0.01
VWO Vanguard Ftse Emerging Marke Add +21.1% 0.30% +0.00
XOM Exxon Mobil Corp. Add +0.3% 0.09% −0.01
BX Blackstone Inc. Add +22.0% 0.14% −0.01
BNY Bank of New York Mellon Corp. Add +0.3% 0.10% −0.01
RTX RTX Corp. Add +0.1% 0.15% −0.01
IWB iShares Russell 1000 ETF Add +0.2% 0.09% −0.01
EEM iShares MSCI Emerging Market Add +3.4% 0.14% −0.02
KO The Coca-Cola Co. Add +0.7% 0.14% −0.02
MA Mastercard Inc. Class A Add +0.2% 0.10% −0.02
BAC Bank of America Corp. Add +0.2% 0.16% −0.02
V Visa Inc. Class A Add +0.1% 0.15% −0.02
VIG Vanguard Dividend Apprec ETF Add +0.1% 0.14% −0.02
VEA Vanguard Ftse Developed ETF Add +8.6% 0.54% −0.02
IBM Intl Business Machines Corp. Add +0.1% 0.20% −0.03
IEFA iShares Core MSCI Eafe ETF Add +0.2% 0.16% −0.03
CVX Chevron Corp. Add +0.3% 0.14% −0.03
RWL Invesco S&P 500 Revenue ETF Add +0.1% 0.21% −0.03
PG The Procter & Gamble Co. Add +1.1% 0.13% −0.03
SCHF Schwab Intl Equity ETF Add +0.5% 0.31% −0.04
VCIT Vanguard Int-Term Corporate Add +1.5% 0.26% −0.05
EFA iShares MSCI Eafe ETF Add +0.0% 0.42% −0.06
QQQM Invesco Nasdaq 100 ETF Add +0.1% 0.54% −0.08
PLTR Palantir Technologies Inc. Class A Add +0.1% 0.65% −0.14
UBER Uber Technologies Inc. Add +0.6% 0.48% −0.20
MSFT Microsoft Corp. Add +4.8% 1.14% −0.24
LINE Lineage Inc. Add +1.3% 1.07% −0.31
ITOT iShares Core S&P Total U.S. Add +0.0% 1.97% −0.31
VTI VG Morningstar TS MKT ETF-US Add +10.6% 24.02% −1.21
IWV iShares Russell 3000 ETF Add +0.2% 15.14% −2.38

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