Sincerus Advisory, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Sincerus Advisory, LLC reported 66 stock positions worth $106.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 18.0% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 7.3%) and iShares Russell Mid-Cap ETF (IWR, 6.0%). Compared with Q1 2025, it opened 4 new positions, sold out of 1, added to 41 and reduced 19. The biggest buy was Vanguard Tax-Exempt Bond ETF (VTEB, shares +51%) and the biggest sale iShares National Muni Bond E (MUB, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002050968
- Portfolio Value
- $106.4M (Q2 2025)
- SEC Filing
- 0001754960-25-000484 ↗ filed Jul 29, 2025
Holdings Value
Holdings 66 stocks · $106.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 18.04% | 30,127 | $19.2M | Add +0.5% |
| EFA iShares MSCI Eafe ETF | 7.26% | 85,106 | $7.7M | Add +10.3% |
| IWR iShares Russell Mid-Cap ETF | 6.02% | 67,227 | $6.4M | Add +1.3% |
| VIG Vanguard Dividend Apprec ETF | 3.64% | 18,511 | $3.9M | Add +5.9% |
| VEA Vanguard Ftse Developed ETF | 3.51% | 64,427 | $3.7M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 3.23% | 15,314 | $3.4M | Add +4.9% |
| AGG iShares Core U.S. Aggregate | 2.94% | 31,809 | $3.1M | Add +3.4% |
| MUB iShares National Muni Bond E | 2.82% | 28,924 | $3.0M | Reduce -18.4% |
| ESGD iShares Trust iShares ESG Aw | 2.76% | 32,442 | $2.9M | Add +11.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.73% | 59,897 | $2.9M | Add +51.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.62% | 9,638 | $2.8M | Add +4.9% |
| RSP Invesco S&P 500 Equal Weight | 2.09% | 11,846 | $2.2M | Add +3.8% |
| GLD SPDR Gold Shares | 1.97% | 6,835 | $2.1M | Add +0.5% |
| VCIT Vanguard Int-Term Corporate | 1.90% | 24,492 | $2.0M | Add +1.0% |
| SCZ iShares MSCI Eafe Small-Cap | 1.79% | 25,520 | $1.9M | Add +10.4% |
| VSS Vanguard Ftse All Wo X-US SC | 1.75% | 13,611 | $1.9M | Reduce -3.6% |
| EEM iShares MSCI Emerging Market | 1.72% | 37,016 | $1.8M | Add +2.3% |
| HELO JPMorgan Hedged Equity ETF | 1.65% | 27,669 | $1.8M | Reduce -17.1% |
| EMB iShares JP Morgan Usd Emergi | 1.62% | 18,538 | $1.7M | Add +4.7% |
| DOCN Digitalocean Holdings Inc. | 1.47% | 54,136 | $1.6M | Reduce -0.2% |
| NULV Nuveen ESG Large-Cap Val ETF | 1.44% | 35,879 | $1.5M | Add +3.9% |
| DFAU Dimensional US Core Equity M | 1.42% | 34,511 | $1.5M | Reduce -1.0% |
| JNK SS SPDR BB High Yield Bond | 1.40% | 15,329 | $1.5M | Add +3.1% |
| META Meta Platforms Inc. Class A | 1.28% | 1,913 | $1.4M | Add +5.9% |
| VNQ Vanguard Real Estate ETF | 1.18% | 13,642 | $1.3M | Reduce -0.8% |
| DEM Wisdomtree Emerging Markets | 1.17% | 27,022 | $1.2M | Add +4.3% |
| BND Vanguard Total Bond Market | 1.17% | 16,990 | $1.2M | Add +4.8% |
| REZ Ishars Res and Multi Reales | 1.10% | 13,991 | $1.2M | Reduce -0.7% |
| JUST Goldman Sachs Just US LRG | 1.09% | 12,831 | $1.2M | Add +0.8% |
| AAPL Apple Inc. | 1.07% | 5,317 | $1.1M | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.04% | 1,949 | $1.1M | Add +1.6% |
| IWF iShares Russell 1000 Growth | 0.96% | 2,323 | $1.0M | Reduce -3.3% |
| IVV iShares Core S&P 500 ETF | 0.94% | 1,565 | $1.0M | Add +8.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.91% | 8,908 | $971K | Reduce -5.2% |
| IGF iShares Global Infrastructur | 0.72% | 12,846 | $763K | Add +10.0% |
| SGOV iShares 0-3 Month Treasury B | 0.70% | 7,431 | $748K | Reduce -40.8% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.69% | 15,933 | $738K | Add +62.8% |
| PFF iShares Preferred & Income S | 0.63% | 21,375 | $666K | Reduce -5.4% |
| NVDA Nvidia Corp. | 0.62% | 3,789 | $657K | Add +0.6% |
| DFUS Dimensional US Eq MKT ETF | 0.58% | 8,961 | $619K | Reduce -8.2% |
| DFAS Dimensional US Small Cap ETF | 0.52% | 8,338 | $550K | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.49% | 1,672 | $525K | Add +2.3% |
| JEPI JPMorgan Equity Premium Inco | 0.46% | 8,589 | $492K | Add +30.6% |
| GII State Street SPDR S&P Global | 0.46% | 7,276 | $491K | Add +13.1% |
| BRZE Braze Inc. Class A | 0.46% | 16,766 | $489K | No change |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.41% | 8,490 | $433K | Add +0.2% |
| MSFT Microsoft Corp. | 0.37% | 765 | $393K | Add +3.4% |
| ITOT iShares Core S&P Total U.S. | 0.35% | 2,694 | $375K | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.34% | 620 | $363K | Add +56.2% |
| DTEC Alps Disruptive Technologies | 0.34% | 7,202 | $363K | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.34% | 1,565 | $362K | Add +8.2% |
| GOOG Alphabet Inc. Class C | 0.34% | 1,838 | $357K | Add +20.9% |
| DFAE Dimensional Emerging Core Eq | 0.32% | 11,557 | $344K | Add +1.4% |
| NACP Impact Shares Naacp Minority | 0.32% | 7,610 | $338K | Reduce -1.8% |
| IAU iShares Gold Trust | 0.30% | 5,041 | $317K | No change |
| DASH DoorDash Inc. Class A | 0.30% | 1,265 | $316K | New |
| VTWO Vanguard Russell 2000 ETF | 0.27% | 3,207 | $291K | Add +6.4% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.27% | 11,718 | $284K | Reduce -12.1% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.25% | 4,061 | $266K | Add +0.8% |
| VSGX Vanguard ESG Intl Stock ETF | 0.25% | 3,951 | $263K | Reduce -4.9% |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 4,560 | $232K | Reduce -3.2% |
| BNL Broadstone Net Lease Inc. | 0.21% | 13,805 | $219K | Add +3.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.20% | 2,699 | $217K | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.20% | 1,097 | $212K | New |
| FEZ State Street SPDR Euro Stoxx | 0.19% | 3,387 | $204K | New |
| SHE SS SPDR MSCI U Gend Div ETF | 0.19% | 1,587 | $201K | New |
Portfolio Sells Q1 2025 → Q2 2025
| MUB iShares National Muni Bond E | Reduce -18.4% | 2.82% | −1.13 |
| SGOV iShares 0-3 Month Treasury B | Reduce -40.8% | 0.70% | −0.63 |
| HELO JPMorgan Hedged Equity ETF | Reduce -17.1% | 1.65% | −0.45 |
| DOCN Digitalocean Holdings Inc. | Reduce -0.2% | 1.47% | −0.44 |
| JMUB JPMorgan Municipal ETF | Sold out | 0.00% | −0.21 |
| AAPL Apple Inc. | Reduce -2.8% | 1.07% | −0.21 |
| REZ Ishars Res and Multi Reales | Reduce -0.7% | 1.10% | −0.18 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -5.2% | 0.91% | −0.16 |
| VNQ Vanguard Real Estate ETF | Reduce -0.8% | 1.18% | −0.14 |
| PFF iShares Preferred & Income S | Reduce -5.4% | 0.63% | −0.11 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -12.1% | 0.27% | −0.09 |
| DFUS Dimensional US Eq MKT ETF | Reduce -8.2% | 0.58% | −0.04 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -4.9% | 0.25% | −0.01 |
| NACP Impact Shares Naacp Minority | Reduce -1.8% | 0.32% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.2% | 0.22% | −0.01 |
| DFAU Dimensional US Core Equity M | Reduce -1.0% | 1.42% | +0.01 |
| DTEC Alps Disruptive Technologies | Reduce -0.5% | 0.34% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.8% | 3.51% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -3.6% | 1.75% | +0.03 |
| IWF iShares Russell 1000 Growth | Reduce -3.3% | 0.96% | +0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Add +51.0% | 2.73% | +0.66 |
| EFA iShares MSCI Eafe ETF | Add +10.3% | 7.26% | +0.61 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 18.04% | +0.36 |
| DASH DoorDash Inc. Class A | New | 0.30% | +0.30 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +62.8% | 0.69% | +0.28 |
| ESGD iShares Trust iShares ESG Aw | Add +11.5% | 2.76% | +0.25 |
| SCZ iShares MSCI Eafe Small-Cap | Add +10.4% | 1.79% | +0.24 |
| GOOGL Alphabet Inc. Class A | New | 0.20% | +0.20 |
| FEZ State Street SPDR Euro Stoxx | New | 0.19% | +0.19 |
| SHE SS SPDR MSCI U Gend Div ETF | New | 0.19% | +0.19 |
| NVDA Nvidia Corp. | Add +0.6% | 0.62% | +0.19 |
| META Meta Platforms Inc. Class A | Add +5.9% | 1.28% | +0.18 |
| IWM iShares Russell 2000 ETF | Add +4.9% | 3.23% | +0.16 |
| VOO Vanguard S&P 500 ETF | Add +56.2% | 0.34% | +0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.9% | 2.62% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 1.04% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +20.9% | 0.34% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +8.1% | 0.94% | +0.08 |
| MSFT Microsoft Corp. | Add +3.4% | 0.37% | +0.08 |
| JEPI JPMorgan Equity Premium Inco | Add +30.6% | 0.46% | +0.07 |
| IWR iShares Russell Mid-Cap ETF | Add +1.3% | 6.02% | +0.06 |
| VIG Vanguard Dividend Apprec ETF | Add +5.9% | 3.64% | +0.06 |
| EEM iShares MSCI Emerging Market | Add +2.3% | 1.72% | +0.05 |
| AMZN Amazon.com Inc. | Add +8.2% | 0.34% | +0.05 |
| IGF iShares Global Infrastructur | Add +10.0% | 0.72% | +0.04 |
| GII State Street SPDR S&P Global | Add +13.1% | 0.46% | +0.04 |
| JUST Goldman Sachs Just US LRG | Add +0.8% | 1.09% | +0.02 |
| DEM Wisdomtree Emerging Markets | Add +4.3% | 1.17% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.3% | 0.49% | +0.02 |
| VTWO Vanguard Russell 2000 ETF | Add +6.4% | 0.27% | +0.02 |
| DFAE Dimensional Emerging Core Eq | Add +1.4% | 0.32% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.1% | 0.35% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +3.8% | 2.09% | +0.00 |
| DFAS Dimensional US Small Cap ETF | Add +2.5% | 0.52% | +0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1.4% | 0.20% | −0.02 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +0.8% | 0.25% | −0.02 |
| BNL Broadstone Net Lease Inc. | Add +3.7% | 0.21% | −0.03 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +3.9% | 1.44% | −0.04 |
| JMST JPM Ultra-Short Muni Income | Add +0.2% | 0.41% | −0.05 |
| EMB iShares JP Morgan Usd Emergi | Add +4.7% | 1.62% | −0.08 |
| BND Vanguard Total Bond Market | Add +4.8% | 1.17% | −0.09 |
| GLD SPDR Gold Shares | Add +0.5% | 1.97% | −0.09 |
| JNK SS SPDR BB High Yield Bond | Add +3.1% | 1.40% | −0.10 |
| VCIT Vanguard Int-Term Corporate | Add +1.0% | 1.90% | −0.19 |
| AGG iShares Core U.S. Aggregate | Add +3.4% | 2.94% | −0.27 |
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 |