True Link Financial Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), True Link Financial Advisors, LLC reported 92 stock positions worth $1.6 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, 13.1%) and Vanguard Short-Term Bond ETF (BSV, 11.4%). Compared with Q2 2025, it opened 8 new positions, sold out of 3, added to 21 and reduced 44. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +46%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −44%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001846236
Portfolio Value
$1.6B (Q3 2025)
SEC Filing
0001846236-25-000009 ↗ filed Nov 6, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.6B $1.6B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 92 stocks · $1.6B
BIV Vanguard Intermediate-Term B 24.38% 4,852,251 $378.9M Add +6.3%
IVV iShares Core S&P 500 ETF 13.07% 303,423 $203.1M Add +0.3%
BSV Vanguard Short-Term Bond ETF 11.37% 2,238,626 $176.6M Add +6.4%
ITOT iShares Core S&P Total U.S. 9.99% 1,065,791 $155.2M Add +0.6%
DFCF Dimensional Core Fixed Inc. 9.39% 3,413,129 $145.9M Add +20.9%
IEFA iShares Core MSCI Eafe ETF 4.72% 839,508 $73.3M Add +4.6%
VTIP Vanguard Short-Term Tips 4.43% 1,360,330 $68.9M Add +46.0%
DFAE Dimensional Emerging Core Eq 3.56% 1,756,250 $55.4M Add +2.4%
DFIV Dimensional International Va 3.34% 1,125,835 $51.9M Add +2.6%
SHV iShares 0-1 Year Treasury Bo 2.60% 365,540 $40.4M Reduce -44.4%
SCHD Schwab US DVD Equity ETF 2.07% 1,177,029 $32.1M Add +1.1%
QUAL iShares MSCI USA Quality Fac 2.03% 161,941 $31.5M Reduce -0.7%
BNDX Vanguard Total Intl Bond ETF 2.01% 631,120 $31.2M Add +7.2%
VIG Vanguard Dividend Apprec ETF 1.88% 135,593 $29.3M Reduce -1.9%
IEUR iShares Core MSCI Europe ETF 0.56% 127,792 $8.7M No change
IWF iShares Russell 1000 Growth 0.32% 10,733 $5.0M Reduce -5.1%
VGIT Vanguard Intermediate-Term T 0.28% 71,443 $4.3M No change
DLN Wisdomtree US Largecap Divid 0.24% 43,623 $3.8M Reduce -4.4%
EFA iShares MSCI Eafe ETF 0.21% 35,060 $3.3M Reduce -0.3%
SGOV iShares 0-3 Month Treasury B 0.21% 31,835 $3.2M Reduce -25.6%
IVW iShares S&P 500 Growth ETF 0.16% 21,059 $2.5M Reduce -4.5%
LMT Lockheed Martin Corp. 0.16% 5,028 $2.5M Reduce -2.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 13,329 $2.5M Add +3.7%
VEU Vanguard Ftse All-World Ex-U 0.15% 33,452 $2.4M Add +0.6%
VCIT Vanguard Int-Term Corporate 0.15% 28,307 $2.4M No change
ICSH iShares Ultra Short Duration 0.13% 40,969 $2.1M No change
SPIB SS SPDR P Int C Corp. ETF 0.13% 57,858 $2.0M Reduce -4.4%
IBTF iShares Ibonds Dec 2025 Term 0.10% 66,217 $1.5M Reduce -26.4%
SCHO Schwab Short-Term US Treas 0.10% 63,156 $1.5M Reduce -26.3%
IBTG iShares Ibonds Dec 2026 Term 0.10% 66,863 $1.5M Reduce -26.7%
VLUE iShares MSCI USA Value Facto 0.10% 12,128 $1.5M No change
SUB iShares Short-Term National 0.09% 13,470 $1.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.08% 2,503 $1.3M Reduce -2.9%
MSFT Microsoft Corp. 0.08% 2,323 $1.2M Reduce -1.3%
IWP iShares Russell Mid-Cap Grow 0.07% 8,094 $1.2M Reduce -14.9%
SCHR Schwab Intermediate-Term US 0.07% 44,661 $1.1M Add +10.8%
DON Wisdomtree US Midcap Dividen 0.07% 20,286 $1.1M No change
BLV Vanguard Long-Term Bond ETF 0.05% 11,000 $779K No change
AAPL Apple Inc. 0.05% 3,034 $773K Reduce -1.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 1,114 $742K Add +12.6%
FLEX Flex Ltd. 0.05% 12,758 $740K No change
GE General Electric filed as GE AEROSPACE 0.05% 2,401 $722K Reduce -0.7%
NVDA Nvidia Corp. 0.05% 3,862 $720K Reduce -13.8%
AMZN Amazon.com Inc. 0.05% 3,210 $705K Reduce -1.4%
CMF iShares California Muni Bond 0.04% 11,810 $674K No change
DFCA Dimensional Calfornia MB ETF 0.04% 13,310 $663K No change
VWO Vanguard Ftse Emerging Marke 0.04% 12,154 $659K Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US 0.04% 1,923 $631K Reduce -3.5%
DIM Wisdomtree Intl M/C DVD Fund 0.04% 7,845 $606K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 1,851 $522K Reduce -2.9%
VYMI Vanguard Int High DVD YLD Inc. 0.03% 6,000 $508K No change
OKTA Okta Inc. 0.03% 5,350 $491K Reduce -4.5%
IJH iShares Core S&P Midcap ETF 0.03% 7,382 $482K New
DTE DTE Energy Company 0.03% 3,233 $457K No change
JPM JPMorgan Chase & Co. 0.03% 1,440 $454K Reduce -4.3%
BND Vanguard Total Bond Market 0.03% 5,863 $436K Add +80.8%
IJR iShares Core S&P Small-Cap E 0.03% 3,549 $422K Add +43.6%
GOOGL Alphabet Inc. Class A 0.03% 1,669 $406K Reduce -1.9%
VOO Vanguard S&P 500 ETF 0.03% 650 $398K Add +11.1%
NUDV Nuveen ESG Dividend ETF 0.03% 13,606 $396K Reduce -8.0%
IEMG iShares Core MSCI Emerging 0.03% 5,965 $393K Add +6.5%
GEV GE Vernova Inc. 0.02% 615 $378K No change
MS Morgan Stanley 0.02% 2,312 $368K No change
ALL Allstate Corp. 0.02% 1,690 $363K Reduce -8.2%
ESGD iShares Trust iShares ESG Aw 0.02% 3,749 $349K Reduce -7.8%
HPQ HP Inc. 0.02% 12,800 $349K No change
VEA Vanguard Ftse Developed ETF 0.02% 5,748 $344K Reduce -0.5%
HPE Hewlett Packard Enterprise 0.02% 12,800 $314K No change
A Agilent Technologies Inc. 0.02% 2,440 $313K No change
IVE iShares S&P 500 Value ETF 0.02% 1,513 $312K Reduce -28.9%
PEP Pepsico Inc. 0.02% 2,117 $297K Reduce -0.6%
ESGV Vanguard ESG US Stock ETF 0.02% 2,504 $297K New
XEL Xcel Energy Inc. 0.02% 3,556 $287K Reduce -3.3%
UNP Union Pacific Corp. 0.02% 1,136 $269K Reduce -2.1%
DTM DT Midstream Inc. 0.02% 2,303 $260K Reduce -3.9%
IWB iShares Russell 1000 ETF 0.02% 700 $256K Add +0.9%
XOM Exxon Mobil Corp. 0.02% 2,264 $255K Reduce -1.9%
WFC Wells Fargo & Co. 0.02% 2,897 $243K Reduce -17.2%
COF Capital One Financial Corp. 0.02% 1,117 $237K Reduce -20.0%
CAH Cardinal Health Inc. 0.02% 1,500 $235K Reduce -12.6%
PG The Procter & Gamble Co. 0.01% 1,507 $232K Reduce -1.4%
IWD iShares Russell 1000 Value E 0.01% 1,110 $226K New
ESGE iShares Inc. iShares ESG Awar 0.01% 5,155 $224K Reduce -14.8%
RTX RTX Corp. 0.01% 1,336 $224K Reduce -3.5%
CIEN Ciena Corp. 0.01% 1,500 $219K New
CATH Global X S&P 500 Ca Val ETF 0.01% 2,684 $218K Reduce -6.0%
ABBV Abbvie Inc. 0.01% 931 $216K New
KEYS Keysight Technologies Inc. 0.01% 1,220 $213K New
VGSH Vanguard Short-Term Treasury 0.01% 3,609 $212K Add +0.7%
SUSC iShares ESG Aware Usd Corpor 0.01% 8,972 $211K New
SDY SS SPDR S&P Dividend ETF 0.01% 1,500 $210K Reduce -7.5%
AVGO Broadcom Inc. 0.01% 631 $208K New

Portfolio Sells Q2 2025 → Q3 2025
SHV iShares 0-1 Year Treasury Bo Reduce -44.4% 2.60% −2.41
SGOV iShares 0-3 Month Treasury B Reduce -25.6% 0.21% −0.09
VIG Vanguard Dividend Apprec ETF Reduce -1.9% 1.88% −0.07
IBTG iShares Ibonds Dec 2026 Term Reduce -26.7% 0.10% −0.05
IBTF iShares Ibonds Dec 2025 Term Reduce -26.4% 0.10% −0.05
SCHO Schwab Short-Term US Treas Reduce -26.3% 0.10% −0.04
PRF Invesco Rafi US 1000 ETF Sold out 0.00% −0.03
QUAL iShares MSCI USA Quality Fac Reduce -0.7% 2.03% −0.03
IJT iShares S&P Small-Cap 600 GR Sold out 0.00% −0.03
IWP iShares Russell Mid-Cap Grow Reduce -14.9% 0.07% −0.02
DLN Wisdomtree US Largecap Divid Reduce -4.4% 0.24% −0.01
JNJ Johnson & Johnson Sold out 0.00% −0.01
SPIB SS SPDR P Int C Corp. ETF Reduce -4.4% 0.13% −0.01
IVE iShares S&P 500 Value ETF Reduce -28.9% 0.02% −0.01
IWF iShares Russell 1000 Growth Reduce -5.1% 0.32% −0.01
OKTA Okta Inc. Reduce -4.5% 0.03% −0.01
EFA iShares MSCI Eafe ETF Reduce -0.3% 0.21% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.9% 0.08% −0.01
COF Capital One Financial Corp. Reduce -20.0% 0.02% −0.01
IBM Intl Business Machines Corp. Reduce -2.9% 0.03% −0.01
CAH Cardinal Health Inc. Reduce -12.6% 0.02% −0.00
AMZN Amazon.com Inc. Reduce -1.4% 0.05% −0.00
IVW iShares S&P 500 Growth ETF Reduce -4.5% 0.16% −0.00
WFC Wells Fargo & Co. Reduce -17.2% 0.02% −0.00
NUDV Nuveen ESG Dividend ETF Reduce -8.0% 0.03% −0.00
MSFT Microsoft Corp. Reduce -1.3% 0.08% −0.00
LMT Lockheed Martin Corp. Reduce -2.4% 0.16% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -7.8% 0.02% −0.00
NVDA Nvidia Corp. Reduce -13.8% 0.05% −0.00
ALL Allstate Corp. Reduce -8.2% 0.02% −0.00
ESGE iShares Inc. iShares ESG Awar Reduce -14.8% 0.01% −0.00
PG The Procter & Gamble Co. Reduce -1.4% 0.01% −0.00
SDY SS SPDR S&P Dividend ETF Reduce -7.5% 0.01% −0.00
DTM DT Midstream Inc. Reduce -3.9% 0.02% −0.00
UNP Union Pacific Corp. Reduce -2.1% 0.02% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -3.5% 0.04% −0.00
CATH Global X S&P 500 Ca Val ETF Reduce -6.0% 0.01% −0.00
JPM JPMorgan Chase & Co. Reduce -4.3% 0.03% −0.00
XOM Exxon Mobil Corp. Reduce -1.9% 0.02% −0.00
VEA Vanguard Ftse Developed ETF Reduce -0.5% 0.02% −0.00
PEP Pepsico Inc. Reduce -0.6% 0.02% −0.00
RTX RTX Corp. Reduce -3.5% 0.01% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -0.2% 0.04% +0.00
XEL Xcel Energy Inc. Reduce -3.3% 0.02% +0.00
GE General Electric Reduce -0.7% 0.05% +0.00
GOOGL Alphabet Inc. Class A Reduce -1.9% 0.03% +0.01
AAPL Apple Inc. Reduce -1.9% 0.05% +0.01

Portfolio Buys Q2 2025 → Q3 2025
VTIP Vanguard Short-Term Tips Add +46.0% 4.43% +1.20
DFCF Dimensional Core Fixed Inc. Add +20.9% 9.39% +1.16
DFAE Dimensional Emerging Core Eq Add +2.4% 3.56% +0.14
ITOT iShares Core S&P Total U.S. Add +0.6% 9.99% +0.12
IVV iShares Core S&P 500 ETF Add +0.3% 13.07% +0.11
DFIV Dimensional International Va Add +2.6% 3.34% +0.10
IEFA iShares Core MSCI Eafe ETF Add +4.6% 4.72% +0.09
BIV Vanguard Intermediate-Term B Add +6.3% 24.38% +0.03
IJH iShares Core S&P Midcap ETF New 0.03% +0.03
ESGV Vanguard ESG US Stock ETF New 0.02% +0.02
IWD iShares Russell 1000 Value E New 0.01% +0.01
CIEN Ciena Corp. New 0.01% +0.01
ABBV Abbvie Inc. New 0.01% +0.01
KEYS Keysight Technologies Inc. New 0.01% +0.01
SUSC iShares ESG Aware Usd Corpor New 0.01% +0.01
AVGO Broadcom Inc. New 0.01% +0.01
BND Vanguard Total Bond Market Add +80.8% 0.03% +0.01
IJR iShares Core S&P Small-Cap E Add +43.6% 0.03% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +12.6% 0.05% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +3.7% 0.16% +0.00
VOO Vanguard S&P 500 ETF Add +11.1% 0.03% +0.00
SCHR Schwab Intermediate-Term US Add +10.8% 0.07% +0.00
IEMG iShares Core MSCI Emerging Add +6.5% 0.03% +0.00
IWB iShares Russell 1000 ETF Add +0.9% 0.02% +0.00
VEU Vanguard Ftse All-World Ex-U Add +0.6% 0.15% −0.00
VGSH Vanguard Short-Term Treasury Add +0.7% 0.01% −0.00
BNDX Vanguard Total Intl Bond ETF Add +7.2% 2.01% −0.00
SCHD Schwab US DVD Equity ETF Add +1.1% 2.07% −0.06
BSV Vanguard Short-Term Bond ETF Add +6.4% 11.37% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 104$1.7BBIV, IVV, BSV, DFCF, ITOT
Q1 2026Amended 418$1.6BBIV, BSV, IVV, DFCF, ITOT
Q4 2025 114$1.6BBIV, IVV, BSV, DFCF, ITOT
Q3 2025 92$1.6BBIV, IVV, BSV, ITOT, DFCF
Q2 2025 87$1.4BBIV, IVV, BSV, ITOT, DFCF
Q1 2025 94$1.3BBIV, BSV, IVV, ITOT, SPIB
Q4 2024 73$1.2BBIV, IVV, BSV, ITOT, SPIB
Q3 2024 66$1.2BBIV, BSV, IVV, ITOT, SPIB
Q2 2024 64$1.1BBSV, BIV, IVV, ITOT, SHV
Q1 2024 63$1.0BBSV, BIV, IVV, ITOT, SHV