True Link Financial Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), True Link Financial Advisors, LLC reported 87 stock positions worth $1.4 billion. Its top holding was Vanguard Intermediate-Term B (BIV) at 24.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 13.0%) and Vanguard Short-Term Bond ETF (BSV, 11.4%). Compared with Q1 2025, it opened 11 new positions, sold out of 18, added to 21 and reduced 43. The biggest buy was a new position in Dimensional Core Fixed (DFCF) and the biggest sale SS SPDR P Int C Corp. ETF (SPIB, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001846236
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001846236-25-000006 ↗ filed Jul 24, 2025
Holdings Value
Holdings 87 stocks · $1.4B
| BIV Vanguard Intermediate-Term B | 24.35% | 4,562,493 | $352.9M | Add +3.6% |
| IVV iShares Core S&P 500 ETF | 12.96% | 302,433 | $187.8M | Add +7.6% |
| BSV Vanguard Short-Term Bond ETF | 11.43% | 2,104,472 | $165.6M | Add +3.3% |
| ITOT iShares Core S&P Total U.S. | 9.87% | 1,059,177 | $143.0M | Add +10.3% |
| DFCF Dimensional Core Fixed Inc. | 8.23% | 2,823,753 | $119.3M | New |
| SHV iShares 0-1 Year Treasury Bo | 5.01% | 657,201 | $72.6M | Add +4.0% |
| IEFA iShares Core MSCI Eafe ETF | 4.62% | 802,412 | $67.0M | Add +3.2% |
| DFAE Dimensional Emerging Core Eq | 3.43% | 1,714,470 | $49.6M | Add +3.9% |
| DFIV Dimensional International Va | 3.24% | 1,097,757 | $47.0M | Add +0.1% |
| VTIP Vanguard Short-Term Tips | 3.23% | 931,707 | $46.8M | Add +2.5% |
| SCHD Schwab US DVD Equity ETF | 2.13% | 1,164,012 | $30.8M | Reduce -33.7% |
| QUAL iShares MSCI USA Quality Fac | 2.06% | 163,122 | $29.8M | Reduce -22.4% |
| BNDX Vanguard Total Intl Bond ETF | 2.01% | 588,571 | $29.1M | Add +2.6% |
| VIG Vanguard Dividend Apprec ETF | 1.95% | 138,197 | $28.3M | Add +12054.5% |
| IEUR iShares Core MSCI Europe ETF | 0.58% | 127,792 | $8.5M | No change |
| IWF iShares Russell 1000 Growth | 0.33% | 11,308 | $4.8M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.30% | 42,779 | $4.3M | Add +63.3% |
| VGIT Vanguard Intermediate-Term T | 0.29% | 71,443 | $4.3M | No change |
| DLN Wisdomtree US Largecap Divid | 0.26% | 45,623 | $3.7M | No change |
| EFA iShares MSCI Eafe ETF | 0.22% | 35,152 | $3.1M | Reduce -4.7% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 22,045 | $2.4M | Reduce -8.8% |
| LMT Lockheed Martin Corp. | 0.16% | 5,153 | $2.4M | Reduce -5.6% |
| VCIT Vanguard Int-Term Corporate | 0.16% | 28,307 | $2.3M | Reduce -63.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.16% | 12,857 | $2.3M | Reduce -5.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.15% | 33,267 | $2.2M | Reduce -2.2% |
| IBTF iShares Ibonds Dec 2025 Term | 0.14% | 89,941 | $2.1M | Reduce -15.2% |
| IBTG iShares Ibonds Dec 2026 Term | 0.14% | 91,181 | $2.1M | New |
| SCHO Schwab Short-Term US Treas | 0.14% | 85,692 | $2.1M | Add +69.6% |
| ICSH iShares Ultra Short Duration | 0.14% | 40,969 | $2.1M | No change |
| SPIB SS SPDR P Int C Corp. ETF | 0.14% | 60,527 | $2.0M | Reduce -98.2% |
| SUB iShares Short-Term National | 0.10% | 13,470 | $1.4M | Add +2.6% |
| VLUE iShares MSCI USA Value Facto | 0.09% | 12,128 | $1.4M | No change |
| IWP iShares Russell Mid-Cap Grow | 0.09% | 9,517 | $1.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 2,578 | $1.3M | Reduce -8.3% |
| MSFT Microsoft Corp. | 0.08% | 2,353 | $1.2M | Reduce -0.4% |
| DON Wisdomtree US Midcap Dividen | 0.07% | 20,286 | $1.0M | Reduce -1.9% |
| SCHR Schwab Intermediate-Term US | 0.07% | 40,302 | $1.0M | Add +0.1% |
| BLV Vanguard Long-Term Bond ETF | 0.05% | 11,000 | $765K | No change |
| AMZN Amazon.com Inc. | 0.05% | 3,257 | $715K | Add +6.0% |
| NVDA Nvidia Corp. | 0.05% | 4,483 | $708K | Reduce -15.9% |
| CMF iShares California Muni Bond | 0.05% | 11,810 | $658K | Reduce -2.9% |
| DFCA Dimensional Calfornia MB ETF | 0.05% | 13,310 | $656K | Reduce -4.0% |
| FLEX Flex Ltd. | 0.04% | 12,758 | $637K | No change |
| AAPL Apple Inc. | 0.04% | 3,092 | $634K | Reduce -5.6% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 2,417 | $622K | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 989 | $611K | Reduce -28.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.04% | 1,993 | $606K | Reduce -11.2% |
| VWO Vanguard Ftse Emerging Marke | 0.04% | 12,176 | $602K | Add +0.2% |
| DIM Wisdomtree Intl M/C DVD Fund | 0.04% | 7,845 | $591K | Reduce -11.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 1,906 | $562K | Reduce -2.2% |
| OKTA Okta Inc. | 0.04% | 5,600 | $560K | Reduce -6.7% |
| PRF Invesco Rafi US 1000 ETF | 0.03% | 11,640 | $492K | Reduce -34.0% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.03% | 6,000 | $481K | No change |
| JPM JPMorgan Chase & Co. | 0.03% | 1,504 | $436K | Reduce -8.0% |
| DTE DTE Energy Company | 0.03% | 3,233 | $428K | No change |
| NUDV Nuveen ESG Dividend ETF | 0.03% | 14,785 | $419K | Add +59.2% |
| IVE iShares S&P 500 Value ETF | 0.03% | 2,128 | $416K | Reduce -30.9% |
| IJT iShares S&P Small-Cap 600 GR | 0.03% | 2,912 | $387K | Reduce -39.5% |
| ALL Allstate Corp. | 0.03% | 1,840 | $370K | Reduce -12.9% |
| ESGD iShares Trust iShares ESG Aw | 0.03% | 4,064 | $363K | Add +34.7% |
| IEMG iShares Core MSCI Emerging | 0.02% | 5,599 | $336K | Reduce -10.0% |
| VOO Vanguard S&P 500 ETF | 0.02% | 585 | $332K | Reduce -27.5% |
| VEA Vanguard Ftse Developed ETF | 0.02% | 5,775 | $329K | New |
| MS Morgan Stanley | 0.02% | 2,312 | $326K | Add +0.8% |
| GEV GE Vernova Inc. | 0.02% | 615 | $325K | New |
| HPQ HP Inc. | 0.02% | 12,800 | $313K | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 0.02% | 1,701 | $300K | Reduce -5.3% |
| COF Capital One Financial Corp. | 0.02% | 1,397 | $297K | New |
| CAH Cardinal Health Inc. | 0.02% | 1,716 | $288K | Reduce -22.9% |
| A Agilent Technologies Inc. | 0.02% | 2,440 | $288K | No change |
| PEP Pepsico Inc. | 0.02% | 2,129 | $281K | Reduce -11.1% |
| WFC Wells Fargo & Co. | 0.02% | 3,497 | $280K | Reduce -30.6% |
| IJR iShares Core S&P Small-Cap E | 0.02% | 2,472 | $270K | Reduce -56.9% |
| UNP Union Pacific Corp. | 0.02% | 1,161 | $267K | New |
| DTM DT Midstream Inc. | 0.02% | 2,396 | $263K | Reduce -3.0% |
| HPE Hewlett Packard Enterprise | 0.02% | 12,800 | $262K | Reduce -4.8% |
| XEL Xcel Energy Inc. | 0.02% | 3,676 | $250K | Reduce -3.9% |
| XOM Exxon Mobil Corp. | 0.02% | 2,309 | $249K | Reduce -5.6% |
| PG The Procter & Gamble Co. | 0.02% | 1,528 | $243K | New |
| BND Vanguard Total Bond Market | 0.02% | 3,242 | $239K | New |
| ESGE iShares Inc. iShares ESG Awar | 0.02% | 6,047 | $237K | New |
| IWB iShares Russell 1000 ETF | 0.02% | 694 | $236K | Reduce -46.4% |
| SDY SS SPDR S&P Dividend ETF | 0.02% | 1,622 | $220K | Reduce -51.9% |
| CATH Global X S&P 500 Ca Val ETF | 0.01% | 2,854 | $215K | Reduce -7.8% |
| VGSH Vanguard Short-Term Treasury | 0.01% | 3,584 | $211K | New |
| JNJ Johnson & Johnson | 0.01% | 1,344 | $205K | Reduce -15.4% |
| RTX RTX Corp. | 0.01% | 1,384 | $202K | New |
Portfolio Sells Q1 2025 → Q2 2025
| SPIB SS SPDR P Int C Corp. ETF | Reduce -98.2% | 0.14% | −8.26 |
| SCHD Schwab US DVD Equity ETF | Reduce -33.7% | 2.13% | −1.53 |
| QUAL iShares MSCI USA Quality Fac | Reduce -22.4% | 2.06% | −0.62 |
| VCIT Vanguard Int-Term Corporate | Reduce -63.7% | 0.16% | −0.31 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.22 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.08 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.07 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -15.2% | 0.14% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.04 |
| IFV First Trust DW Focus 5 Intl | Sold out | 0.00% | −0.03 |
| DFAI Dimensional International Co. | Sold out | 0.00% | −0.03 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -56.9% | 0.02% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.3% | 0.09% | −0.03 |
| DLS Wisdomtree Intl S/C DVD Fund | Sold out | 0.00% | −0.03 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.02 |
| PRF Invesco Rafi US 1000 ETF | Reduce -34.0% | 0.03% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -51.9% | 0.02% | −0.02 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -5.2% | 0.16% | −0.02 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -39.5% | 0.03% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -5.6% | 0.16% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.02 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.1% | 0.04% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -30.9% | 0.03% | −0.02 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -46.4% | 0.02% | −0.01 |
| AAPL Apple Inc. | Reduce -5.6% | 0.04% | −0.01 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.01 |
| OKTA Okta Inc. | Reduce -6.7% | 0.04% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -4.7% | 0.22% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -27.5% | 0.02% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -30.6% | 0.02% | −0.01 |
| PEP Pepsico Inc. | Reduce -11.1% | 0.02% | −0.01 |
| ALL Allstate Corp. | Reduce -12.9% | 0.03% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Reduce -1.9% | 0.07% | −0.01 |
| DFCA Dimensional Calfornia MB ETF | Reduce -4.0% | 0.05% | −0.01 |
| CMF iShares California Muni Bond | Reduce -2.9% | 0.05% | −0.01 |
| JNJ Johnson & Johnson | Reduce -15.4% | 0.01% | −0.01 |
| HPQ HP Inc. | Reduce -1.0% | 0.02% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -5.6% | 0.02% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -11.2% | 0.04% | −0.00 |
| CAH Cardinal Health Inc. | Reduce -22.9% | 0.02% | −0.00 |
| DIM Wisdomtree Intl M/C DVD Fund | Reduce -11.3% | 0.04% | −0.00 |
| XEL Xcel Energy Inc. | Reduce -3.9% | 0.02% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| DFCF Dimensional Core Fixed Inc. | New | 8.23% | +8.23 |
| VIG Vanguard Dividend Apprec ETF | Add +12054.5% | 1.95% | +1.94 |
| IVV iShares Core S&P 500 ETF | Add +7.6% | 12.96% | +1.17 |
| ITOT iShares Core S&P Total U.S. | Add +10.3% | 9.87% | +1.13 |
| DFAE Dimensional Emerging Core Eq | Add +3.9% | 3.43% | +0.24 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.2% | 4.62% | +0.23 |
| IBTG iShares Ibonds Dec 2026 Term | New | 0.14% | +0.14 |
| SGOV iShares 0-3 Month Treasury B | Add +63.3% | 0.30% | +0.10 |
| SCHO Schwab Short-Term US Treas | Add +69.6% | 0.14% | +0.05 |
| DFIV Dimensional International Va | Add +0.1% | 3.24% | +0.02 |
| VEA Vanguard Ftse Developed ETF | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| UNP Union Pacific Corp. | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | New | 0.02% | +0.02 |
| BND Vanguard Total Bond Market | New | 0.02% | +0.02 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.02% | +0.02 |
| VGSH Vanguard Short-Term Treasury | New | 0.01% | +0.01 |
| RTX RTX Corp. | New | 0.01% | +0.01 |
| NUDV Nuveen ESG Dividend ETF | Add +59.2% | 0.03% | +0.01 |
| GE General Electric | Add +0.2% | 0.04% | +0.01 |
| ESGD iShares Trust iShares ESG Aw | Add +34.7% | 0.03% | +0.01 |
| AMZN Amazon.com Inc. | Add +6.0% | 0.05% | +0.01 |
| MS Morgan Stanley | Add +0.8% | 0.02% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.2% | 0.04% | +0.00 |
| SUB iShares Short-Term National | Add +2.6% | 0.10% | −0.00 |
| SCHR Schwab Intermediate-Term US | Add +0.1% | 0.07% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +2.6% | 2.01% | −0.08 |
| VTIP Vanguard Short-Term Tips | Add +2.5% | 3.23% | −0.15 |
| SHV iShares 0-1 Year Treasury Bo | Add +4.0% | 5.01% | −0.20 |
| BSV Vanguard Short-Term Bond ETF | Add +3.3% | 11.43% | −0.47 |
| BIV Vanguard Intermediate-Term B | Add +3.6% | 24.35% | −0.81 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 104 | $1.7B | BIV, IVV, BSV, DFCF, ITOT |
| Q1 2026Amended | 418 | $1.6B | BIV, BSV, IVV, DFCF, ITOT |
| Q4 2025 | 114 | $1.6B | BIV, IVV, BSV, DFCF, ITOT |
| Q3 2025 | 92 | $1.6B | BIV, IVV, BSV, ITOT, DFCF |
| Q2 2025 | 87 | $1.4B | BIV, IVV, BSV, ITOT, DFCF |
| Q1 2025 | 94 | $1.3B | BIV, BSV, IVV, ITOT, SPIB |
| Q4 2024 | 73 | $1.2B | BIV, IVV, BSV, ITOT, SPIB |
| Q3 2024 | 66 | $1.2B | BIV, BSV, IVV, ITOT, SPIB |
| Q2 2024 | 64 | $1.1B | BSV, BIV, IVV, ITOT, SHV |
| Q1 2024 | 63 | $1.0B | BSV, BIV, IVV, ITOT, SHV |