Sincerus Advisory, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Sincerus Advisory, LLC reported 63 stock positions worth $94.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.7% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 6.6%) and iShares Russell Mid-Cap ETF (IWR, 6.0%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 31 and reduced 29. The biggest buy was iShares National Muni Bond E (MUB, shares +32%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002050968
- Portfolio Value
- $94.8M (Q1 2025)
- SEC Filing
- 0001754960-25-000228 ↗ filed Apr 21, 2025
Holdings Value
Holdings 63 stocks · $94.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 17.68% | 29,965 | $16.8M | Reduce -0.6% |
| EFA iShares MSCI Eafe ETF | 6.65% | 77,123 | $6.3M | Add +1.6% |
| IWR iShares Russell Mid-Cap ETF | 5.96% | 66,394 | $5.6M | Add +2.4% |
| MUB iShares National Muni Bond E | 3.94% | 35,447 | $3.7M | Add +32.3% |
| VIG Vanguard Dividend Apprec ETF | 3.58% | 17,477 | $3.4M | Reduce -4.8% |
| VEA Vanguard Ftse Developed ETF | 3.48% | 64,928 | $3.3M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 3.21% | 30,757 | $3.0M | Add +2.3% |
| IWM iShares Russell 2000 ETF | 3.07% | 14,604 | $2.9M | Add +3.0% |
| ESGD iShares Trust iShares ESG Aw | 2.51% | 29,097 | $2.4M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.51% | 9,184 | $2.4M | Add +57.6% |
| HELO JPMorgan Hedged Equity ETF | 2.10% | 33,377 | $2.0M | Add +14.8% |
| VCIT Vanguard Int-Term Corporate | 2.09% | 24,241 | $2.0M | Add +0.7% |
| RSP Invesco S&P 500 Equal Weight | 2.09% | 11,411 | $2.0M | Add +27.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.08% | 39,653 | $2.0M | Reduce -0.6% |
| GLD SPDR Gold Shares | 2.07% | 6,800 | $2.0M | Reduce -2.2% |
| DOCN Digitalocean Holdings Inc. | 1.91% | 54,236 | $1.8M | Reduce -0.8% |
| VSS Vanguard Ftse All Wo X-US SC | 1.72% | 14,119 | $1.6M | Add +3.1% |
| EMB iShares JP Morgan Usd Emergi | 1.69% | 17,708 | $1.6M | Add +1.0% |
| EEM iShares MSCI Emerging Market | 1.67% | 36,176 | $1.6M | Reduce -2.5% |
| SCZ iShares MSCI Eafe Small-Cap | 1.55% | 23,105 | $1.5M | Add +1.5% |
| JNK SS SPDR BB High Yield Bond | 1.49% | 14,865 | $1.4M | Reduce -0.1% |
| NULV Nuveen ESG Large-Cap Val ETF | 1.47% | 34,533 | $1.4M | Reduce -1.5% |
| DFAU Dimensional US Core Equity M | 1.41% | 34,848 | $1.3M | Add +2.5% |
| SGOV iShares 0-3 Month Treasury B | 1.33% | 12,555 | $1.3M | Add +0.7% |
| VNQ Vanguard Real Estate ETF | 1.31% | 13,754 | $1.2M | Reduce -3.6% |
| REZ Ishars Res and Multi Reales | 1.28% | 14,084 | $1.2M | Add +4.0% |
| AAPL Apple Inc. | 1.28% | 5,469 | $1.2M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 1.26% | 16,217 | $1.2M | Add +3.5% |
| DEM Wisdomtree Emerging Markets | 1.15% | 25,907 | $1.1M | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 1.10% | 1,806 | $1.0M | Add +6.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.08% | 9,395 | $1.0M | Reduce -11.3% |
| JUST Goldman Sachs Just US LRG | 1.07% | 12,726 | $1.0M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.95% | 1,919 | $900K | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.91% | 2,401 | $867K | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.86% | 1,448 | $814K | Reduce -0.6% |
| PFF iShares Preferred & Income S | 0.73% | 22,592 | $694K | Add +0.6% |
| IGF iShares Global Infrastructur | 0.67% | 11,676 | $638K | Reduce -1.9% |
| BRZE Braze Inc. Class A | 0.64% | 16,766 | $605K | Reduce -17.8% |
| DFUS Dimensional US Eq MKT ETF | 0.62% | 9,765 | $591K | Add +0.3% |
| DFAS Dimensional US Small Cap ETF | 0.51% | 8,139 | $486K | Reduce -0.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 1,635 | $449K | Reduce -0.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.45% | 8,472 | $431K | Add +0.2% |
| NVDA Nvidia Corp. | 0.43% | 3,765 | $408K | Reduce -1.8% |
| GII State Street SPDR S&P Global | 0.42% | 6,436 | $399K | New |
| VNQI Vanguard GLBL Ex-US Real Est | 0.42% | 9,785 | $396K | Add +1.3% |
| JEPI JPMorgan Equity Premium Inco | 0.40% | 6,575 | $376K | Add +1.7% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.35% | 13,335 | $336K | Reduce -2.0% |
| ITOT iShares Core S&P Total U.S. | 0.35% | 2,692 | $329K | Add +0.0% |
| DTEC Alps Disruptive Technologies | 0.33% | 7,239 | $315K | No change |
| NACP Impact Shares Naacp Minority | 0.33% | 7,748 | $309K | Reduce -0.3% |
| IAU iShares Gold Trust | 0.31% | 5,041 | $297K | Reduce -0.3% |
| DFAE Dimensional Emerging Core Eq | 0.31% | 11,401 | $295K | Add +0.3% |
| MSFT Microsoft Corp. | 0.29% | 740 | $278K | Reduce -4.5% |
| AMZN Amazon.com Inc. | 0.29% | 1,447 | $275K | Reduce -5.4% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.27% | 4,030 | $259K | Add +2.7% |
| VSGX Vanguard ESG Intl Stock ETF | 0.26% | 4,156 | $245K | Reduce -0.3% |
| VTWO Vanguard Russell 2000 ETF | 0.26% | 3,014 | $243K | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.25% | 1,520 | $237K | Add +0.2% |
| BNL Broadstone Net Lease Inc. | 0.24% | 13,315 | $227K | Add +1.8% |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 4,710 | $213K | Reduce -21.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.22% | 2,663 | $210K | Add +0.6% |
| VOO Vanguard S&P 500 ETF | 0.22% | 397 | $204K | Add +1.5% |
| JMUB JPMorgan Municipal ETF | 0.21% | 4,077 | $204K | New |
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 17.68% | −1.27 |
| BRZE Braze Inc. Class A | Reduce -17.8% | 0.64% | −0.28 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.8% | 3.58% | −0.28 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.24 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.22 |
| AAPL Apple Inc. | Reduce -1.6% | 1.28% | −0.21 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -11.3% | 1.08% | −0.14 |
| NVDA Nvidia Corp. | Reduce -1.8% | 0.43% | −0.12 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 0.91% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.2% | 0.95% | −0.10 |
| DOCN Digitalocean Holdings Inc. | Reduce -0.8% | 1.91% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -5.4% | 0.29% | −0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.6% | 2.08% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -0.6% | 0.86% | −0.06 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.9% | 0.51% | −0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -21.8% | 0.22% | −0.06 |
| MSFT Microsoft Corp. | Reduce -4.5% | 0.29% | −0.06 |
| VNQ Vanguard Real Estate ETF | Reduce -3.6% | 1.31% | −0.05 |
| VTWO Vanguard Russell 2000 ETF | Reduce -0.9% | 0.26% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.1% | 0.47% | −0.03 |
| JNK SS SPDR BB High Yield Bond | Reduce -0.1% | 1.49% | −0.03 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -2.0% | 0.35% | −0.02 |
| NACP Impact Shares Naacp Minority | Reduce -0.3% | 0.33% | −0.02 |
| DEM Wisdomtree Emerging Markets | Reduce -2.8% | 1.15% | −0.01 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -1.5% | 1.47% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -2.5% | 1.67% | +0.00 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -0.3% | 0.26% | +0.01 |
| IGF iShares Global Infrastructur | Reduce -1.9% | 0.67% | +0.01 |
| IAU iShares Gold Trust | Reduce -0.3% | 0.31% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.8% | 3.48% | +0.12 |
| GLD SPDR Gold Shares | Reduce -2.2% | 2.07% | +0.26 |
Portfolio Buys Q4 2024 → Q1 2025
| MUB iShares National Muni Bond E | Add +32.3% | 3.94% | +0.88 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +57.6% | 2.51% | +0.85 |
| EFA iShares MSCI Eafe ETF | Add +1.6% | 6.65% | +0.49 |
| GII State Street SPDR S&P Global | New | 0.42% | +0.42 |
| RSP Invesco S&P 500 Equal Weight | Add +27.1% | 2.09% | +0.40 |
| JMUB JPMorgan Municipal ETF | New | 0.21% | +0.21 |
| HELO JPMorgan Hedged Equity ETF | Add +14.8% | 2.10% | +0.17 |
| ESGD iShares Trust iShares ESG Aw | Add +0.1% | 2.51% | +0.13 |
| REZ Ishars Res and Multi Reales | Add +4.0% | 1.28% | +0.11 |
| AGG iShares Core U.S. Aggregate | Add +2.3% | 3.21% | +0.09 |
| SCZ iShares MSCI Eafe Small-Cap | Add +1.5% | 1.55% | +0.07 |
| BND Vanguard Total Bond Market | Add +3.5% | 1.26% | +0.05 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3.1% | 1.72% | +0.04 |
| META Meta Platforms Inc. Class A | Add +6.0% | 1.10% | +0.03 |
| VCIT Vanguard Int-Term Corporate | Add +0.7% | 2.09% | +0.02 |
| EMB iShares JP Morgan Usd Emergi | Add +1.0% | 1.69% | +0.02 |
| BNL Broadstone Net Lease Inc. | Add +1.8% | 0.24% | +0.02 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +1.3% | 0.42% | +0.01 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +2.7% | 0.27% | +0.01 |
| DFAE Dimensional Emerging Core Eq | Add +0.3% | 0.31% | +0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +0.6% | 0.22% | −0.00 |
| JEPI JPMorgan Equity Premium Inco | Add +1.7% | 0.40% | −0.00 |
| JMST JPM Ultra-Short Muni Income | Add +0.2% | 0.45% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +0.7% | 1.33% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.5% | 0.22% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.0% | 0.35% | −0.02 |
| PFF iShares Preferred & Income S | Add +0.6% | 0.73% | −0.03 |
| DFUS Dimensional US Eq MKT ETF | Add +0.3% | 0.62% | −0.04 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 0.25% | −0.06 |
| DFAU Dimensional US Core Equity M | Add +2.5% | 1.41% | −0.06 |
| JUST Goldman Sachs Just US LRG | Add +0.3% | 1.07% | −0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +2.4% | 5.96% | −0.19 |
| IWM iShares Russell 2000 ETF | Add +3.0% | 3.07% | −0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 81 | $147.3M | SPY, EFA, IWR, MUB, AGG |
| Q1 2026 | 76 | $131.9M | SPY, EFA, IWR, MUB, AGG |
| Q4 2025 | 74 | $124.4M | SPY, EFA, IWR, MUB, VIG |
| Q3 2025 | 70 | $116.8M | SPY, EFA, IWR, VIG, IWM |
| Q2 2025 | 66 | $106.4M | SPY, EFA, IWR, VIG, VEA |
| Q1 2025 | 63 | $94.8M | SPY, EFA, IWR, MUB, VIG |
| Q4 2024 | 63 | $93.2M | SPY, EFA, IWR, VIG, IWM |