Retirement Capital Strategies

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Retirement Capital Strategies reported 62 stock positions worth $260.7 million. Its top holding was Vanguard Tot World STK ETF (VT) at 12.3% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 11.1%) and Vanguard Intermediate-Term B (BIV, 6.8%). Compared with Q2 2025, it sold out of 2, added to 11 and reduced 30. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +21%) and the biggest sale F/M US Treasury 3 Month Bill (TBIL, shares −51%).

Most Recent 13F
Q2 2026
Location
SAN JOSE, CA
CIK
0001672681
Portfolio Value
$260.7M (Q3 2025)
SEC Filing
0001214659-25-016303 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $244.6M Q1 2024 Q2 2024: $249.3M Q2 2024 Q3 2024: $255.5M Q3 2024 Q4 2024: $264.0M Q4 2024 Q1 2025: $256.1M Q1 2025 Q2 2025: $252.4M Q2 2025 Q3 2025: $260.7M $260.7M Q3 2025 Q4 2025: $269.7M Q4 2025 Q1 2026: $264.6M Q1 2026 Q2 2026: $288.0M Q2 2026

Holdings 62 stocks · $260.7M
VT Vanguard Tot World STK ETF 12.34% 233,462 $32.2M Reduce -1.7%
VTI VG Morningstar TS MKT ETF-US 11.11% 88,270 $29.0M Add +21.0%
BIV Vanguard Intermediate-Term B 6.83% 228,024 $17.8M Add +0.1%
AGG iShares Core U.S. Aggregate 6.68% 173,727 $17.4M Reduce -1.1%
VOO Vanguard S&P 500 ETF 5.66% 24,076 $14.7M Reduce -5.6%
SPTM SS SPDR P S&P 1500 Comp ETF 4.17% 134,692 $10.9M Reduce -3.6%
EFIV SS SPDR S&P 500 ESG ETF 4.11% 168,342 $10.7M Reduce -4.2%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 3.35% 187,134 $8.7M Reduce -1.2%
BND Vanguard Total Bond Market 3.26% 114,212 $8.5M Add +9.6%
AAPL Apple Inc. 2.68% 27,409 $7.0M Reduce -0.3%
GBIL Goldman Sachs Access Treasur 2.28% 59,364 $6.0M Add +6.0%
GSY Invesco Ultra Short Duration 2.27% 118,042 $5.9M Reduce -0.7%
BILS SS Spdrb B 3-12M T-Bill ETF 2.19% 57,462 $5.7M Reduce -3.1%
TBIL F/M US Treasury 3 Month Bill 2.02% 105,492 $5.3M Reduce -51.4%
MMM 3M Co. 1.93% 32,451 $5.0M Reduce -1.5%
ANET Arista Networks Inc. 1.79% 32,093 $4.7M No change
GSST Goldman Sachs Ultra Short Bo 1.78% 91,362 $4.6M Reduce -0.8%
ESGV Vanguard ESG US Stock ETF 1.64% 36,014 $4.3M Add +13.7%
XBIL F/M US Treasury 6 Month Bill 1.58% 82,279 $4.1M Reduce -1.2%
TFLO iShares Treasury Floating Ra 1.55% 79,767 $4.0M Reduce -1.3%
IEF iShares 7-10 Year Treasury B 1.31% 35,332 $3.4M Reduce -0.8%
LPLA LPL Financial Holdings Inc. 1.28% 10,041 $3.3M No change
MSFT Microsoft Corp. 1.26% 6,319 $3.3M Reduce -4.5%
IEI iShares 3-7 Year Treasury Bo 1.09% 23,717 $2.8M Reduce -1.1%
EAGG iShares ESG Aware US Aggrega 1.03% 55,950 $2.7M Reduce -0.6%
EUSB Ishr ESG Advn Universal BD-$ 1.02% 60,263 $2.6M Reduce -0.6%
TIP iShares Tips Bond ETF 0.96% 22,487 $2.5M Reduce -1.2%
NVDA Nvidia Corp. 0.93% 13,139 $2.4M No change
ICSH iShares Ultra Short Duration 0.93% 47,726 $2.4M Reduce -1.3%
NUBD Nuveen ESG US Aggregate Bond 0.93% 107,446 $2.4M Reduce -1.1%
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.89% 38,540 $2.3M No change
USFR Wisdomtree Floating Rate Tre 0.85% 43,971 $2.2M Reduce -0.3%
OBIL F/M US Treasury 12 Month Bil 0.84% 43,399 $2.2M Add +0.0%
SHV iShares 0-1 Year Treasury Bo 0.63% 14,781 $1.6M Add +28.3%
ETN Eaton Corp. PLC 0.57% 3,996 $1.5M No change
TSLA Tesla Inc. 0.54% 3,162 $1.4M No change
SGOV iShares 0-3 Month Treasury B 0.52% 13,391 $1.3M Add +9.2%
JPST JPMorgan Ultra-Short Income 0.48% 24,569 $1.2M Reduce -4.4%
BIL SS SPDR BB 1-3M T-Bill ETF 0.43% 12,126 $1.1M Add +5.5%
ESGU iShares ESG Aware MSCI USA 0.42% 7,569 $1.1M Reduce -1.1%
CSCO Cisco Systems Inc. 0.37% 14,200 $972K No change
MDY State Street SPDR S&P Midcap 0.34% 1,502 $895K No change
XVV iShares ESG Select Screened 0.30% 15,381 $792K No change
GE General Electric filed as GE AEROSPACE 0.23% 1,991 $599K No change
IVV iShares Core S&P 500 ETF 0.21% 827 $554K No change
SHY iShares 1-3 Year Treasury Bo 0.19% 6,091 $505K Reduce -39.5%
SPTS SS SPDR P St Term TSY ETF 0.19% 17,229 $505K No change
VGSH Vanguard Short-Term Treasury 0.19% 8,583 $505K No change
SCHO Schwab Short-Term US Treas 0.19% 20,695 $505K No change
SOLV Solventum Corp. 0.19% 6,827 $498K No change
ITOT iShares Core S&P Total U.S. 0.18% 3,184 $464K No change
INTC Intel Corp. 0.17% 12,991 $436K Reduce -7.2%
GEV GE Vernova Inc. 0.16% 698 $429K Add +38.2%
SPMB SS SPDR P Mort Back Bond ETF 0.15% 17,724 $398K Reduce -2.0%
IHAK iShares Cybersecurity & Tech 0.12% 6,015 $315K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.12% 1,277 $312K Reduce -3.5%
DFAC Dimensional US Core Equity 2 0.11% 7,114 $274K No change
XLV SS Health Care Select Sector 0.11% 1,969 $274K No change
MBB iShares MBS ETF 0.09% 2,524 $240K Reduce -4.5%
VB Vanguard Most SM-Cap ETF-Usd 0.09% 907 $231K No change
SUSL iShares ESG MSCI USA Leaders 0.09% 1,911 $224K No change
AMZN Amazon.com Inc. 0.08% 1,002 $220K Add +0.4%

Portfolio Sells Q2 2025 → Q3 2025
TBIL F/M US Treasury 3 Month Bill Reduce -51.4% 2.02% −2.28
MUB iShares National Muni Bond E Sold out 0.00% −0.46
AGG iShares Core U.S. Aggregate Reduce -1.1% 6.68% −0.22
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -3.1% 2.19% −0.14
SHY iShares 1-3 Year Treasury Bo Reduce -39.5% 0.19% −0.14
STIP iShares 0-5 Year Tips Bond E Sold out 0.00% −0.13
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -1.2% 3.35% −0.12
GSY Invesco Ultra Short Duration Reduce -0.7% 2.27% −0.09
VOO Vanguard S&P 500 ETF Reduce -5.6% 5.66% −0.08
TFLO iShares Treasury Floating Ra Reduce -1.3% 1.55% −0.07
XBIL F/M US Treasury 6 Month Bill Reduce -1.2% 1.58% −0.07
GSST Goldman Sachs Ultra Short Bo Reduce -0.8% 1.78% −0.07
MMM 3M Co. Reduce -1.5% 1.93% −0.05
MSFT Microsoft Corp. Reduce -4.5% 1.26% −0.05
IEF iShares 7-10 Year Treasury B Reduce -0.8% 1.31% −0.04
IEI iShares 3-7 Year Treasury Bo Reduce -1.1% 1.09% −0.04
ICSH iShares Ultra Short Duration Reduce -1.3% 0.93% −0.04
JPST JPMorgan Ultra-Short Income Reduce -4.4% 0.48% −0.04
TIP iShares Tips Bond ETF Reduce -1.2% 0.96% −0.03
NUBD Nuveen ESG US Aggregate Bond Reduce -1.1% 0.93% −0.03
USFR Wisdomtree Floating Rate Tre Reduce -0.3% 0.85% −0.03
EUSB Ishr ESG Advn Universal BD-$ Reduce -0.6% 1.02% −0.03
EAGG iShares ESG Aware US Aggrega Reduce -0.6% 1.03% −0.03
MBB iShares MBS ETF Reduce -4.5% 0.09% −0.01
SPMB SS SPDR P Mort Back Bond ETF Reduce -2.0% 0.15% −0.01
MGC Vngrd Mrngstr MG Cap ETF-Usd Reduce -3.5% 0.12% +0.00
ESGU iShares ESG Aware MSCI USA Reduce -1.1% 0.42% +0.01
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -3.6% 4.17% +0.02
EFIV SS SPDR S&P 500 ESG ETF Reduce -4.2% 4.11% +0.03
INTC Intel Corp. Reduce -7.2% 0.17% +0.04
VT Vanguard Tot World STK ETF Reduce -1.7% 12.34% +0.25
AAPL Apple Inc. Reduce -0.3% 2.68% +0.44

Portfolio Buys Q2 2025 → Q3 2025
VTI VG Morningstar TS MKT ETF-US Add +21.0% 11.11% +2.33
ESGV Vanguard ESG US Stock ETF Add +13.7% 1.64% +0.26
BND Vanguard Total Bond Market Add +9.6% 3.26% +0.22
SHV iShares 0-1 Year Treasury Bo Add +28.3% 0.63% +0.12
GBIL Goldman Sachs Access Treasur Add +6.0% 2.28% +0.06
GEV GE Vernova Inc. Add +38.2% 0.16% +0.06
SGOV iShares 0-3 Month Treasury B Add +9.2% 0.52% +0.03
BIL SS SPDR BB 1-3M T-Bill ETF Add +5.5% 0.43% +0.01
AMZN Amazon.com Inc. Add +0.4% 0.08% −0.00
OBIL F/M US Treasury 12 Month Bil Add +0.0% 0.84% −0.03
BIV Vanguard Intermediate-Term B Add +0.1% 6.83% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 68$288.0MVT, VTI, BIV, AGG, VOO
Q1 2026 62$264.6MVT, VTI, BIV, AGG, VOO
Q4 2025 68$269.7MVT, VTI, BIV, AGG, VOO
Q3 2025 62$260.7MVT, VTI, BIV, AGG, VOO
Q2 2025 64$252.4MVT, VTI, BIV, AGG, VOO
Q1 2025 77$256.1MVOO, ACWI, SPTM, EFIV, AGG
Q4 2024 77$264.0MVOO, VTHR, BILS, BIL, SPTM
Q3 2024 65$255.5MVOO, EFIV, AGG, IUSB, SPTM
Q2 2024 66$249.3MVOO, EFIV, SGOV, TFLO, GSY
Q1 2024 69$244.6MESGV, XVV, IUSB, VOO, SPTM