True Link Financial Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), True Link Financial Advisors, LLC reported 114 stock positions worth $1.6 billion. Its top holding was Vanguard Intermediate-Term B (BIV) at 24.7% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 12.6%) and Vanguard Short-Term Bond ETF (BSV, 11.4%). Compared with Q3 2025, it opened 28 new positions, sold out of 6, added to 40 and reduced 26. The biggest buy was a new position in iShares Intl Aggregate Bond (IAGG) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −27%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001846236
Portfolio Value
$1.6B (Q4 2025)
SEC Filing
0001846236-26-000001 ↗ filed Jan 29, 2026

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 Q3 2025 Q4 2025: $1.6B $1.6B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 114 stocks · $1.6B
BIV Vanguard Intermediate-Term B 24.72% 5,225,541 $407.0M Add +7.7%
IVV iShares Core S&P 500 ETF 12.65% 303,938 $208.2M Add +0.2%
BSV Vanguard Short-Term Bond ETF 11.44% 2,389,566 $188.3M Add +6.7%
DFCF Dimensional Core Fixed Inc. 9.57% 3,700,845 $157.5M Add +8.4%
ITOT iShares Core S&P Total U.S. 7.01% 776,394 $115.4M Reduce -27.1%
IEFA iShares Core MSCI Eafe ETF 4.69% 863,260 $77.2M Add +2.8%
VTIP Vanguard Short-Term Tips 4.36% 1,452,626 $71.8M Add +6.8%
QUAL iShares MSCI USA Quality Fac 3.86% 320,084 $63.6M Add +97.7%
VIG Vanguard Dividend Apprec ETF 3.62% 270,984 $59.6M Add +99.8%
DFAE Dimensional Emerging Core Eq 3.52% 1,778,830 $57.9M Add +1.3%
DFIV Dimensional International Va 3.48% 1,147,531 $57.3M Add +1.9%
SHV iShares 0-1 Year Treasury Bo 2.56% 382,565 $42.1M Add +4.7%
IAGG iShares Intl Aggregate Bond 2.01% 660,056 $33.0M New
DFAS Dimensional US Small Cap ETF 0.88% 208,580 $14.5M New
IEUR iShares Core MSCI Europe ETF 0.55% 127,792 $9.1M No change
IWF iShares Russell 1000 Growth 0.30% 10,579 $5.0M Reduce -1.4%
VGIT Vanguard Intermediate-Term T 0.26% 71,443 $4.3M No change
EFA iShares MSCI Eafe ETF 0.23% 39,887 $3.8M Add +13.8%
DLN Wisdomtree US Largecap Divid 0.21% 38,623 $3.4M Reduce -11.5%
SGOV iShares 0-3 Month Treasury B 0.20% 32,549 $3.3M Add +2.2%
IBTG iShares Ibonds Dec 2026 Term 0.19% 136,340 $3.1M Add +103.9%
VCIT Vanguard Int-Term Corporate 0.17% 33,892 $2.8M Add +19.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.15% 13,256 $2.5M Reduce -0.6%
VEU Vanguard Ftse All-World Ex-U 0.15% 33,452 $2.5M No change
LMT Lockheed Martin Corp. 0.15% 4,977 $2.4M Reduce -1.0%
IVW iShares S&P 500 Growth ETF 0.13% 17,554 $2.2M Reduce -16.6%
ICSH iShares Ultra Short Duration 0.13% 40,969 $2.1M No change
SPIB SS SPDR P Int C Corp. ETF 0.12% 56,979 $1.9M Reduce -1.5%
VLUE iShares MSCI USA Value Facto 0.10% 12,128 $1.7M No change
SCHO Schwab Short-Term US Treas 0.09% 63,929 $1.6M Add +1.2%
MSFT Microsoft Corp. 0.09% 3,134 $1.5M Add +34.9%
SCHD Schwab US DVD Equity ETF 0.09% 54,261 $1.5M Reduce -95.4%
SUB iShares Short-Term National 0.09% 13,470 $1.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.08% 2,614 $1.3M Add +4.4%
AAPL Apple Inc. 0.08% 4,759 $1.3M Add +56.9%
SCHR Schwab Intermediate-Term US 0.07% 48,049 $1.2M Add +7.6%
IWP iShares Russell Mid-Cap Grow 0.07% 8,094 $1.1M No change
NVDA Nvidia Corp. 0.07% 5,897 $1.1M Add +52.7%
DON Wisdomtree US Midcap Dividen 0.06% 20,286 $1.0M No change
AMZN Amazon.com Inc. 0.06% 4,344 $1.0M Add +35.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 1,333 $909K Add +19.7%
FLEX Flex Ltd. 0.05% 12,758 $771K No change
BLV Vanguard Long-Term Bond ETF 0.05% 11,000 $765K No change
JPM JPMorgan Chase & Co. 0.05% 2,318 $747K Add +61.0%
GOOGL Alphabet Inc. Class A 0.05% 2,371 $742K Add +42.1%
GE General Electric filed as GE AEROSPACE 0.04% 2,401 $740K No change
IJH iShares Core S&P Midcap ETF 0.04% 10,572 $698K Add +43.2%
CMF iShares California Muni Bond 0.04% 11,810 $679K No change
VWO Vanguard Ftse Emerging Marke 0.04% 12,558 $675K Add +3.3%
DFCA Dimensional Calfornia MB ETF 0.04% 13,310 $667K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 2,038 $642K New
BND Vanguard Total Bond Market 0.04% 8,544 $633K Add +45.7%
DIM Wisdomtree Intl M/C DVD Fund 0.04% 7,845 $632K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 1,841 $545K Reduce -0.5%
GOOG Alphabet Inc. Class C 0.03% 1,649 $517K New
AGG iShares Core U.S. Aggregate 0.03% 5,141 $513K New
AVGO Broadcom Inc. 0.03% 1,400 $485K Add +121.9%
VOO Vanguard S&P 500 ETF 0.03% 738 $463K Add +13.5%
VTI VG Morningstar TS MKT ETF-US 0.03% 1,342 $450K Reduce -30.2%
FTEC Fidelity MSCI Info Tech Indx 0.03% 1,987 $446K New
IJR iShares Core S&P Small-Cap E 0.03% 3,701 $445K Add +4.3%
IEMG iShares Core MSCI Emerging 0.03% 6,389 $429K Add +7.1%
OKTA Okta Inc. 0.02% 4,724 $408K Reduce -11.7%
WMT Walmart Inc. 0.02% 3,645 $406K New
GEV GE Vernova Inc. 0.02% 616 $403K Add +0.2%
VGT Vanguard Info Tech ETF 0.02% 530 $400K New
MS Morgan Stanley 0.02% 2,234 $397K Reduce -3.4%
IBDT iShares Ibonds Dec 2028 ETF 0.02% 15,578 $397K New
GSIE Goldman Sachs Activebeta Int 0.02% 8,716 $374K New
QQQ Invesco QQQ Trust Series 1 0.02% 602 $370K New
META Meta Platforms Inc. Class A 0.02% 540 $356K New
NUDV Nuveen ESG Dividend ETF 0.02% 11,906 $355K Reduce -12.5%
XLC SS Comm Select Sector SPDR 0.02% 2,978 $351K New
ESGD iShares Trust iShares ESG Aw 0.02% 3,656 $348K Reduce -2.5%
XOM Exxon Mobil Corp. 0.02% 2,855 $344K Add +26.1%
LLY Eli Lilly & Co. 0.02% 312 $335K New
SUSC iShares ESG Aware Usd Corpor 0.02% 14,314 $335K Add +59.5%
A Agilent Technologies Inc. 0.02% 2,440 $332K No change
VEA Vanguard Ftse Developed ETF 0.02% 5,196 $325K Reduce -9.6%
ALL Allstate Corp. 0.02% 1,540 $321K Reduce -8.9%
IWM iShares Russell 2000 ETF 0.02% 1,267 $312K New
HPE Hewlett Packard Enterprise 0.02% 12,800 $307K No change
PEP Pepsico Inc. 0.02% 2,117 $304K No change
ESGV Vanguard ESG US Stock ETF 0.02% 2,504 $303K No change
KEYS Keysight Technologies Inc. 0.02% 1,459 $296K Add +19.6%
RTX RTX Corp. 0.02% 1,613 $296K Add +20.7%
GSSC Goldman Sachs Activebeta US 0.02% 3,866 $292K New
HPQ HP Inc. 0.02% 12,800 $285K No change
V Visa Inc. Class A 0.02% 810 $284K New
EFIV SS SPDR S&P 500 ESG ETF 0.02% 4,204 $278K New
CAH Cardinal Health Inc. 0.02% 1,350 $277K Reduce -10.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 955 $277K New
CWI State Street SPDR MSCI Acwi 0.02% 7,658 $275K New
COF Capital One Financial Corp. 0.02% 1,060 $257K Reduce -5.1%
IWD iShares Russell 1000 Value E 0.02% 1,195 $251K Add +7.7%
ABBV Abbvie Inc. 0.01% 1,065 $243K Add +14.4%
VHT Vanguard Health Care ETF 0.01% 839 $242K New
UNP Union Pacific Corp. 0.01% 1,030 $238K Reduce -9.3%
BNDX Vanguard Total Intl Bond ETF 0.01% 4,924 $238K Reduce -99.2%
PG The Procter & Gamble Co. 0.01% 1,646 $236K Add +9.2%

Show all 114 holdings

Portfolio Sells Q3 2025 → Q4 2025
ITOT iShares Core S&P Total U.S. Reduce -27.1% 7.01% −2.98
BNDX Vanguard Total Intl Bond ETF Reduce -99.2% 0.01% −1.99
SCHD Schwab US DVD Equity ETF Reduce -95.4% 0.09% −1.98
IBTF iShares Ibonds Dec 2025 Term Sold out 0.00% −0.10
DLN Wisdomtree US Largecap Divid Reduce -11.5% 0.21% −0.04
VYMI Vanguard Int High DVD YLD Inc. Sold out 0.00% −0.03
IVW iShares S&P 500 Growth ETF Reduce -16.6% 0.13% −0.03
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.02
IWF iShares Russell 1000 Growth Reduce -1.4% 0.30% −0.02
IWB iShares Russell 1000 ETF Sold out 0.00% −0.02
DTE DTE Energy Company Reduce -44.0% 0.01% −0.02
LMT Lockheed Martin Corp. Reduce -1.0% 0.15% −0.02
CIEN Ciena Corp. Sold out 0.00% −0.01
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -30.2% 0.03% −0.01
SPIB SS SPDR P Int C Corp. ETF Reduce -1.5% 0.12% −0.01
OKTA Okta Inc. Reduce -11.7% 0.02% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.6% 0.15% −0.01
XEL Xcel Energy Inc. Reduce -13.9% 0.01% −0.00
ALL Allstate Corp. Reduce -8.9% 0.02% −0.00
NUDV Nuveen ESG Dividend ETF Reduce -12.5% 0.02% −0.00
DTM DT Midstream Inc. Reduce -18.3% 0.01% −0.00
UNP Union Pacific Corp. Reduce -9.3% 0.01% −0.00
VEA Vanguard Ftse Developed ETF Reduce -9.6% 0.02% −0.00
WFC Wells Fargo & Co. Reduce -18.3% 0.01% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -2.5% 0.02% −0.00
ESGE iShares Inc. iShares ESG Awar Reduce -4.8% 0.01% −0.00
CATH Global X S&P 500 Ca Val ETF Reduce -1.9% 0.01% −0.00
IBM Intl Business Machines Corp. Reduce -0.5% 0.03% −0.00
COF Capital One Financial Corp. Reduce -5.1% 0.02% +0.00
MS Morgan Stanley Reduce -3.4% 0.02% +0.00
CAH Cardinal Health Inc. Reduce -10.0% 0.02% +0.00

Portfolio Buys Q3 2025 → Q4 2025
IAGG iShares Intl Aggregate Bond New 2.01% +2.01
QUAL iShares MSCI USA Quality Fac Add +97.7% 3.86% +1.83
VIG Vanguard Dividend Apprec ETF Add +99.8% 3.62% +1.73
DFAS Dimensional US Small Cap ETF New 0.88% +0.88
BIV Vanguard Intermediate-Term B Add +7.7% 24.72% +0.34
DFCF Dimensional Core Fixed Inc. Add +8.4% 9.57% +0.18
DFIV Dimensional International Va Add +1.9% 3.48% +0.14
IBTG iShares Ibonds Dec 2026 Term Add +103.9% 0.19% +0.09
BSV Vanguard Short-Term Bond ETF Add +6.7% 11.44% +0.07
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.04% +0.04
GOOG Alphabet Inc. Class C New 0.03% +0.03
AGG iShares Core U.S. Aggregate New 0.03% +0.03
AAPL Apple Inc. Add +56.9% 0.08% +0.03
FTEC Fidelity MSCI Info Tech Indx New 0.03% +0.03
WMT Walmart Inc. New 0.02% +0.02
VGT Vanguard Info Tech ETF New 0.02% +0.02
IBDT iShares Ibonds Dec 2028 ETF New 0.02% +0.02
GSIE Goldman Sachs Activebeta Int New 0.02% +0.02
QQQ Invesco QQQ Trust Series 1 New 0.02% +0.02
EFA iShares MSCI Eafe ETF Add +13.8% 0.23% +0.02
META Meta Platforms Inc. Class A New 0.02% +0.02
XLC SS Comm Select Sector SPDR New 0.02% +0.02
LLY Eli Lilly & Co. New 0.02% +0.02
NVDA Nvidia Corp. Add +52.7% 0.07% +0.02
VCIT Vanguard Int-Term Corporate Add +19.7% 0.17% +0.02
GOOGL Alphabet Inc. Class A Add +42.1% 0.05% +0.02
IWM iShares Russell 2000 ETF New 0.02% +0.02
GSSC Goldman Sachs Activebeta US New 0.02% +0.02
V Visa Inc. Class A New 0.02% +0.02
EFIV SS SPDR S&P 500 ESG ETF New 0.02% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.02% +0.02
CWI State Street SPDR MSCI Acwi New 0.02% +0.02
JPM JPMorgan Chase & Co. Add +61.0% 0.05% +0.02
AVGO Broadcom Inc. Add +121.9% 0.03% +0.02
AMZN Amazon.com Inc. Add +35.3% 0.06% +0.02
VHT Vanguard Health Care ETF New 0.01% +0.01
MSFT Microsoft Corp. Add +34.9% 0.09% +0.01
XLK SS Technology Select Sector New 0.01% +0.01
AVDE Avantis International Equity New 0.01% +0.01
SUSB iShares ESG Aware 1-5 Year U New 0.01% +0.01
COST Costco Wholesale Corp. New 0.01% +0.01
JNJ Johnson & Johnson New 0.01% +0.01
XLF SS Financial Select Sector New 0.01% +0.01
IYJ iShares U.S. Industrials ETF New 0.01% +0.01
IJH iShares Core S&P Midcap ETF Add +43.2% 0.04% +0.01
BND Vanguard Total Bond Market Add +45.7% 0.04% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +19.7% 0.06% +0.01
SUSC iShares ESG Aware Usd Corpor Add +59.5% 0.02% +0.01
XOM Exxon Mobil Corp. Add +26.1% 0.02% +0.00
KEYS Keysight Technologies Inc. Add +19.6% 0.02% +0.00

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