Pine Ridge Advisers LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Pine Ridge Advisers LLC reported 38 stock positions worth $1.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 32.6% of the portfolio, followed by State STR SPDR S&P 500 ETF T (13.0%) and iShares Bitcoin Trust ETF (IBIT, 8.4%). Compared with Q1 2025, it opened 3 new positions, added to 12 and reduced 3. The biggest buy was a new position in State STR SPDR S&P 500 ETF T and the biggest sale Fidelity Wise Origin Bitcoin (FBTC, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001845915
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0001420506-25-002196 ↗ filed Aug 15, 2025
Holdings Value
Holdings 38 stocks · $1.6B
| SPY SS SPDR S&P 500 ETF Trust-US | 32.64% | 828,165 | $511.7M | Add +0.6% |
| STATE STR SPDR S&P 500 ETF T | 13.04% | 331,000 | $204.5M | New |
| IBIT iShares Bitcoin Trust ETF | 8.43% | 2,159,590 | $132.2M | Reduce -2.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 5.60% | 313,782 | $87.8M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 5.35% | 134,995 | $83.8M | No change |
| QQQ Invesco QQQ Trust Series 1 | 5.01% | 142,500 | $78.6M | Add +0.5% |
| FBTC Fidelity Wise Origin Bitcoin | 5.00% | 834,367 | $78.4M | Reduce -6.2% |
| VEA Vanguard Ftse Developed ETF | 3.58% | 984,081 | $56.1M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 3.55% | 897,275 | $55.6M | Add +0.7% |
| IJR iShares Core S&P Small-Cap E | 2.42% | 347,136 | $37.9M | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.13% | 109,999 | $33.4M | Add +89.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.47% | 275,902 | $23.0M | No change |
| GLD SPDR Gold Shares | 1.38% | 71,225 | $21.7M | No change |
| BITB Bitwise Bitcoin ETF | 1.26% | 336,325 | $19.7M | No change |
| SMH Vaneck Semiconductor ETF | 1.21% | 68,165 | $19.0M | Add +34.5% |
| AESI Atlas Energy Solutions Inc. | 1.03% | 1,212,980 | $16.2M | Add +83.7% |
| RSP Invesco S&P 500 Equal Weight | 0.83% | 71,640 | $13.0M | Add +574.3% |
| VWO Vanguard Ftse Emerging Marke | 0.74% | 234,077 | $11.6M | No change |
| GOOG Alphabet Inc. Class C | 0.54% | 48,000 | $8.5M | No change |
| AMZN Amazon.com Inc. | 0.53% | 37,970 | $8.3M | No change |
| GOOGL Alphabet Inc. Class A | 0.52% | 45,980 | $8.1M | No change |
| INTC Intel Corp. | 0.47% | 332,265 | $7.4M | Add +50.9% |
| JPM JPMorgan Chase & Co. | 0.40% | 21,500 | $6.2M | No change |
| AAPL Apple Inc. | 0.37% | 28,115 | $5.8M | No change |
| IWM iShares Russell 2000 ETF | 0.36% | 26,022 | $5.6M | No change |
| VNQ Vanguard Real Estate ETF | 0.29% | 50,681 | $4.5M | Add +1.0% |
| META Meta Platforms Inc. Class A | 0.27% | 5,735 | $4.2M | No change |
| MSFT Microsoft Corp. | 0.24% | 7,610 | $3.8M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.24% | 55,242 | $3.7M | Reduce -2.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 5 | $3.6M | No change |
| ROIV Roivant Sciences Ltd. | 0.20% | 276,530 | $3.1M | No change |
| VOO Vanguard S&P 500 ETF | 0.18% | 5,075 | $2.9M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.15% | 3,025 | $2.4M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 9,625 | $2.2M | No change |
| TSLA Tesla Inc. | 0.11% | 5,355 | $1.7M | No change |
| VXUS Vanguard Total Intl Stock | 0.03% | 7,271 | $502K | No change |
| IWV iShares Russell 3000 ETF | 0.02% | 1,083 | $380K | No change |
| AGG iShares Core U.S. Aggregate | 0.02% | 3,543 | $351K | New |
Options reported separately and not counted above: ISHARES BITCOIN TRUST ETF calls ($10.7M), ISHARES BITCOIN TRUST ETF puts ($9.2M).
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| STATE STR SPDR S&P 500 ETF T | New | 13.04% | +13.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +89.1% | 2.13% | +0.76 |
| RSP Invesco S&P 500 Equal Weight | Add +574.3% | 0.83% | +0.67 |
| SMH Vaneck Semiconductor ETF | Add +34.5% | 1.21% | +0.29 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.15% | +0.15 |
| INTC Intel Corp. | Add +50.9% | 0.47% | +0.05 |
| AESI Atlas Energy Solutions Inc. | Add +83.7% | 1.03% | +0.03 |
| AGG iShares Core U.S. Aggregate | New | 0.02% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +1.0% | 0.29% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 2.42% | −0.67 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 5.01% | −0.68 |
| VEA Vanguard Ftse Developed ETF | Add +0.1% | 3.58% | −0.70 |
| IJH iShares Core S&P Midcap ETF | Add +0.7% | 3.55% | −0.90 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 5.60% | −1.32 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 32.64% | −6.80 |
Options Activity Q1 2025 → Q2 2025
| ISHARES BITCOIN TRUST ETF | call | New | 175,000 | $10.7M |
| ISHARES BITCOIN TRUST ETF | put | New | 150,000 | $9.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $1.6B | SPY, QQQ, IVV, VO, IJH |
| Q1 2026 | 39 | $1.4B | SPY, IVV, VO, IBIT, QQQ |
| Q4 2025 | 37 | $1.5B | SPY, IBIT, IVV, VO, QQQ |
| Q3 2025 | 37 | $1.5B | SPY, IBIT, IVV, VO, QQQ |
| Q2 2025 | 38 | $1.6B | SPY, STATE STR SPDR S&P 500 ETF T, IBIT, VO, IVV |
| Q1 2025 | 35 | $1.2B | SPY, IBIT, VO, IVV, QQQ |
| Q4 2024 | 35 | $1.1B | SPY, IBIT, IVV, FBTC, QQQ |
| Q3 2024 | 35 | $1.0B | SPY, FBTC, IVV, IBIT, QQQ |
| Q2 2024 | 34 | $938.3M | SPY, FBTC, IVV, IBIT, QQQ |
| Q1 2024 | 31 | $855.4M | SPY, FBTC, IBIT, IVV, IJH |