Twin Focus Capital Partners, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Twin Focus Capital Partners, LLC reported 134 stock positions worth $626.1 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 9.3% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 9.2%) and PTC (PTC, 6.4%). Compared with Q1 2024, it opened 7 new positions, sold out of 17, added to 44 and reduced 28. The biggest buy was a new position in PTC (PTC) and the biggest sale an exit from Horizon Kinetics Infl Benef (INFL).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001387761
Portfolio Value
$626.1M (Q2 2024)
SEC Filing
0001172661-24-003345 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $525.3M Q1 2024 Q2 2024: $626.1M $626.1M Q2 2024 Q3 2024: $634.0M Q3 2024 Q4 2024: $676.6M Q4 2024 Q1 2025: $643.8M Q1 2025 Q2 2025: $714.2M Q2 2025 Q3 2025: $786.9M Q3 2025 Q4 2025: $867.7M Q4 2025 Q1 2026: $870.1M Q1 2026 Q2 2026: $982.7M Q2 2026

Holdings 134 stocks · $626.1M
VTI VG Morningstar TS MKT ETF-US 9.30% 217,609 $58.2M Add +1.1%
IEFA iShares Core MSCI Eafe ETF 9.18% 791,430 $57.5M Add +9.0%
PTC PTC Inc. 6.43% 221,517 $40.2M New
DELL Dell Technologies -C 6.14% 278,600 $38.4M Add +17.2%
IAU iShares Gold Trust 5.01% 714,644 $31.4M Add +27.0%
GLD SPDR Gold Shares 2.99% 86,933 $18.7M Add +8.3%
VTIP Vanguard Short-Term Tips 2.96% 382,234 $18.6M Add +0.8%
SPYG SS SPDR P S&P 500 Growth ETF 2.77% 216,772 $17.4M Add +15.4%
IWB iShares Russell 1000 ETF 2.55% 53,669 $16.0M No change
VOO Vanguard S&P 500 ETF 2.16% 26,993 $13.5M Add +0.3%
AAPL Apple Inc. 2.09% 61,981 $13.1M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.06% 23,661 $12.9M Reduce -4.1%
IVW iShares S&P 500 Growth ETF 1.79% 120,926 $11.2M Add +2.5%
TIP iShares Tips Bond ETF 1.76% 103,445 $11.0M Add +50.5%
CGEM Cullinan Therapeutics Inc. 1.66% 595,489 $10.4M New
XLV SS Health Care Select Sector 1.65% 71,022 $10.4M Add +1.8%
IWF iShares Russell 1000 Growth 1.61% 27,648 $10.1M No change
IEMG iShares Core MSCI Emerging 1.52% 177,408 $9.5M Reduce -0.4%
VWO Vanguard Ftse Emerging Marke 1.48% 211,604 $9.3M Add +3.7%
AGG iShares Core U.S. Aggregate 1.46% 93,959 $9.1M Add +10.2%
IWS iShares Russell Mid-Cap Valu 1.43% 73,907 $8.9M Reduce -2.6%
XOP SS SPDR S&P Og Exp & Prod 1.29% 55,443 $8.1M Add +32.3%
VIG Vanguard Dividend Apprec ETF 1.25% 42,881 $7.8M Add +1.8%
VEA Vanguard Ftse Developed ETF 1.06% 134,814 $6.7M Add +0.1%
VEU Vanguard Ftse All-World Ex-U 1.05% 111,599 $6.5M Add +2.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.99% 16,514 $6.2M Add +13.6%
VSS Vanguard Ftse All Wo X-US SC 0.97% 51,772 $6.1M Add +0.0%
COPX Global X Copper Miners ETF 0.97% 134,250 $6.1M New
SCZ iShares MSCI Eafe Small-Cap 0.94% 95,215 $5.9M Reduce -7.5%
IVV iShares Core S&P 500 ETF 0.91% 10,370 $5.7M Add +0.6%
XLK SS Technology Select Sector 0.89% 24,495 $5.5M Add +2.6%
IWM iShares Russell 2000 ETF 0.87% 26,705 $5.4M No change
IJH iShares Core S&P Midcap ETF 0.84% 90,193 $5.3M Add +1.3%
ITOT iShares Core S&P Total U.S. 0.82% 43,280 $5.1M Add +191.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.82% 74,918 $5.1M Add +60.1%
IWR iShares Russell Mid-Cap ETF 0.78% 60,411 $4.9M Reduce -0.8%
VHT Vanguard Health Care ETF 0.73% 17,175 $4.6M Reduce -3.9%
VT Vanguard Tot World STK ETF 0.71% 39,612 $4.5M Add +0.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.68% 28,156 $4.2M Add +3.3%
IWV iShares Russell 3000 ETF 0.62% 12,526 $3.9M Reduce -3.1%
VDE Vanguard Energy ETF 0.61% 30,080 $3.8M Reduce -6.2%
IWD iShares Russell 1000 Value E 0.58% 20,832 $3.6M No change
MSFT Microsoft Corp. 0.49% 6,797 $3.0M No change
ILCG iShares Morningstar Growth E 0.47% 35,950 $2.9M No change
SDY SS SPDR S&P Dividend ETF 0.45% 22,280 $2.8M Reduce -1.4%
VXF Vanguard Extended Market ETF 0.43% 15,958 $2.7M Add +1.7%
XLP SS Consumer Staples Sel Sect 0.43% 35,041 $2.7M Add +0.7%
ICE Intercontinental Exchange Inc. 0.40% 18,145 $2.5M No change
XBI SS SPDR S&P Biotech ETF 0.39% 26,480 $2.5M Add +6.4%
SOXX iShares Semiconductor ETF 0.35% 8,955 $2.2M Add +3.5%
GOOGL Alphabet Inc. Class A 0.35% 12,055 $2.2M No change
AVGO Broadcom Inc. 0.35% 1,353 $2.2M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.34% 13,300 $2.1M Reduce -0.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.33% 17,800 $2.1M No change
COMT iShares Gsci Commodity Dynam 0.32% 73,380 $2.0M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.31% 8,109 $2.0M Reduce -1.5%
IJR iShares Core S&P Small-Cap E 0.27% 15,879 $1.7M Reduce -5.1%
IBB iShares Biotechnology ETF 0.27% 12,245 $1.7M Add +7.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.26% 6,520 $1.6M Add +14.0%
ADX Adams Diversified Equity 0.25% 73,325 $1.6M Reduce -22.3%
VOXR Vox Royalty Corp. 0.25% 558,988 $1.5M No change
IEV iShares Europe ETF 0.24% 27,906 $1.5M Add +2.3%
ESGE iShares Inc. iShares ESG Awar 0.23% 43,561 $1.5M Reduce -1.3%
BLK BlackRock Finance Inc. 0.23% 1,850 $1.5M No change
VCSH Vanguard S/T Corp. Bond ETF 0.21% 17,299 $1.3M No change
GE General Electric filed as GE AEROSPACE 0.21% 8,077 $1.3M Reduce -19.9%
GXC State Street SPDR S&P China 0.20% 18,111 $1.2M No change
VB Vanguard Most SM-Cap ETF-Usd 0.19% 5,597 $1.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 7,000 $1.2M No change
CEF Sprott Physical Gold and Sil 0.19% 53,845 $1.2M No change
SPYV SS SPDR P S&P 500 Value ETF 0.19% 23,971 $1.2M Add +1.7%
XOM Exxon Mobil Corp. 0.18% 9,883 $1.1M Add +5.7%
GLP Global Partners LP 0.16% 22,000 $1.0M No change
EEM iShares MSCI Emerging Market 0.16% 23,038 $981K Add +0.0%
KD Kyndryl Holdings Inc. 0.16% 37,000 $973K Reduce -17.8%
JPM JPMorgan Chase & Co. 0.14% 4,452 $900K No change
MCK McKesson Corp. 0.14% 1,500 $876K No change
GDX Vaneck Gold Miners ETF 0.14% 25,067 $851K Reduce -35.0%
GOOG Alphabet Inc. Class C 0.13% 4,515 $828K Reduce -1.3%
UBER Uber Technologies Inc. 0.13% 11,208 $815K No change
RTX RTX Corp. 0.13% 8,050 $808K Add +0.6%
NBBK NB Bancorp Inc. 0.12% 51,164 $772K New
ESGV Vanguard ESG US Stock ETF 0.12% 7,841 $758K Reduce -5.0%
SPMD SS SPDR P S&P 400 Midcap ETF 0.12% 14,400 $739K No change
TBF Proshares Short 20+ Treasury 0.11% 29,200 $693K No change
NVDA Nvidia Corp. 0.11% 5,340 $660K Add +26.5%
MLPA Global X MLP ETF 0.10% 13,384 $649K Add +47.3%
EWX State Street SPDR S&P Emergi 0.10% 11,000 $637K Reduce -35.0%
RMT Royce Micro-Cap Trust Inc. 0.09% 62,161 $571K No change
GSY Invesco Ultra Short Duration filed as POWERSHARES ACTIVELY MANAGED 0.09% 10,980 $548K No change
VNM Vaneck Vietnam ETF 0.08% 42,721 $520K No change
LLY Eli Lilly & Co. 0.08% 568 $514K Reduce -8.1%
PG The Procter & Gamble Co. 0.08% 3,066 $506K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 12,524 $498K No change
WIW Western Asst Infl-LNK Opp 0.08% 57,708 $491K No change
FMDE Fidelity Enhanced Mid Cap Co. 0.08% 16,546 $487K No change
PEO Adams Natural Resources Fund 0.08% 20,504 $484K No change
AMZN Amazon.com Inc. 0.07% 2,385 $461K Reduce -1.6%
VSGX Vanguard ESG Intl Stock ETF 0.07% 7,972 $457K Add +0.3%
GEV GE Vernova Inc. 0.07% 2,518 $432K No change
XES SS SPDR S&P Og Eqp & Serv 0.07% 4,595 $417K No change
C Citigroup Inc. 0.07% 6,508 $413K Reduce -23.5%
EAGG iShares ESG Aware US Aggrega 0.06% 8,590 $400K No change
MU Micron Technology Inc. 0.06% 3,040 $400K No change
DKNG Draftkings Inc. Class A 0.06% 10,039 $383K No change
FIS Fidelity National Info Serv 0.06% 4,964 $374K New
GEHC GE Healthcare Technology 0.06% 4,525 $353K Add +12.4%
NEW AMERICA HIGH INCOME FUND 0.06% 48,059 $352K No change
VZ Verizon Communications Inc. 0.06% 8,516 $351K No change
BNDX Vanguard Total Intl Bond ETF 0.06% 7,099 $345K Reduce -1.0%
SPXE Proshares S&P 500 Ex-Energy 0.05% 5,800 $339K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.05% 1,850 $338K No change
DGRW Wisdomtree U.S. Quality Divi 0.05% 4,320 $337K No change
T AT&T Inc. 0.05% 17,535 $335K No change
VYM Vanguard High DVD Yield ETF 0.05% 2,781 $330K Reduce -6.7%
UNH Unitedhealth Group Inc. 0.05% 647 $329K Reduce -2.3%
PMO Franklin Muncipl Opps Tst-Ui 0.05% 31,294 $321K No change
AMT American Tower Corp. 0.05% 1,545 $300K No change
VIGI Vanguard Int Div App Indx FD 0.05% 3,650 $297K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 729 $297K No change
TGNA Tegna Inc. 0.04% 20,054 $280K No change
TY Tri-Continental Corp. 0.04% 9,000 $279K No change
RNAC Cartesian Therapeutics Inc. 0.04% 10,000 $270K New
MRSH Marsh & McLennan Cos 0.04% 1,253 $264K No change
PLTM Graniteshares Platinum Trust 0.04% 26,000 $251K No change
WFC Wells Fargo & Co. 0.04% 4,047 $240K No change
WMT Walmart Inc. 0.04% 3,523 $239K No change
TFI SS SPDR N Ice Muni Bond ETF 0.04% 5,186 $237K No change
VGK Vanguard Ftse Europe ETF 0.04% 3,536 $236K Add +1.3%
ABBV Abbvie Inc. 0.04% 1,367 $234K Reduce -6.8%
META Meta Platforms Inc. Class A 0.03% 434 $219K Add +0.2%
IDXX Idexx Laboratories Inc. 0.03% 440 $214K No change
MGNI Magnite Inc. 0.03% 15,267 $203K New
ETG Eaton Vance T/A GL DVD Incm 0.03% 10,765 $200K Reduce -23.5%

Portfolio Sells Q1 2024 → Q2 2024
INFL Horizon Kinetics Infl Benef Sold out 0.00% −0.64
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.1% 2.06% −0.40
IWS iShares Russell Mid-Cap Valu Reduce -2.6% 1.43% −0.39
SCZ iShares MSCI Eafe Small-Cap Reduce -7.5% 0.94% −0.30
IEMG iShares Core MSCI Emerging Reduce -0.4% 1.52% −0.23
IWR iShares Russell Mid-Cap ETF Reduce -0.8% 0.78% −0.19
VDE Vanguard Energy ETF Reduce -6.2% 0.61% −0.19
VHT Vanguard Health Care ETF Reduce -3.9% 0.73% −0.19
STEW SRH Total Return Fund Inc. Sold out 0.00% −0.16
GE General Electric Reduce -19.9% 0.21% −0.13
IWV iShares Russell 3000 ETF Reduce -3.1% 0.62% −0.12
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −0.12
SDY SS SPDR S&P Dividend ETF Reduce -1.4% 0.45% −0.11
KVHI KVH Industries Inc. Sold out 0.00% −0.11
ADX Adams Diversified Equity Reduce -22.3% 0.25% −0.10
GDX Vaneck Gold Miners ETF Reduce -35.0% 0.14% −0.10
IJR iShares Core S&P Small-Cap E Reduce -5.1% 0.27% −0.08
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.5% 0.31% −0.08
EWX State Street SPDR S&P Emergi Reduce -35.0% 0.10% −0.08
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.7% 0.34% −0.07
QTRX Quanterix Corp. Sold out 0.00% −0.05
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.05
VDC Vanguard Consumer Staple ETF Sold out 0.00% −0.05
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.05
ESGE iShares Inc. iShares ESG Awar Reduce -1.3% 0.23% −0.04
C Citigroup Inc. Reduce -23.5% 0.07% −0.04
ASA ASA Gold and Precious Metals Sold out 0.00% −0.03
KD Kyndryl Holdings Inc. Reduce -17.8% 0.16% −0.03
BCSF Bain Capital Specialty Finan Sold out 0.00% −0.03
HERZ Herzfeld Credit Income Fund Sold out 0.00% −0.03
ECF Ellsworth Growth and Income Sold out 0.00% −0.03
PMM Franklin Managed Municipal I Sold out 0.00% −0.03
ESGV Vanguard ESG US Stock ETF Reduce -5.0% 0.12% −0.03
XJEQX Abrdn Japan Equity Fund Inc. Sold out 0.00% −0.02
NMT Nuveen Ma QLTY Muni Inc. Sold out 0.00% −0.02
ETG Eaton Vance T/A GL DVD Incm Reduce -23.5% 0.03% −0.02
VYM Vanguard High DVD Yield ETF Reduce -6.7% 0.05% −0.02
ABBV Abbvie Inc. Reduce -6.8% 0.04% −0.01
BNDX Vanguard Total Intl Bond ETF Reduce -1.0% 0.06% −0.01
IHD Voya Emrg MRKT Hi DVD Eqty Sold out 0.00% −0.01
AMZN Amazon.com Inc. Reduce -1.6% 0.07% −0.01
UNH Unitedhealth Group Inc. Reduce -2.3% 0.05% −0.01
LLY Eli Lilly & Co. Reduce -8.1% 0.08% −0.01
EOSE Eos Energy Enterprises Inc. Sold out 0.00% −0.00
GOOG Alphabet Inc. Class C Reduce -1.3% 0.13% −0.00

Portfolio Buys Q1 2024 → Q2 2024
PTC PTC Inc. New 6.43% +6.43
CGEM Cullinan Therapeutics Inc. New 1.66% +1.66
DELL Dell Technologies -C Add +17.2% 6.14% +0.97
COPX Global X Copper Miners ETF New 0.97% +0.97
IAU iShares Gold Trust Add +27.0% 5.01% +0.51
ITOT iShares Core S&P Total U.S. Add +191.6% 0.82% +0.50
TIP iShares Tips Bond ETF Add +50.5% 1.76% +0.36
XLU St Sr Utl SL SE SPDR ETF-Usd Add +60.1% 0.82% +0.23
SPYG SS SPDR P S&P 500 Growth ETF Add +15.4% 2.77% +0.16
NBBK NB Bancorp Inc. New 0.12% +0.12
AAPL Apple Inc. Add +0.0% 2.09% +0.06
FIS Fidelity National Info Serv New 0.06% +0.06
XOP SS SPDR S&P Og Exp & Prod Add +32.3% 1.29% +0.05
RNAC Cartesian Therapeutics Inc. New 0.04% +0.04
VUG Vanguard Mrngstar GR ETF-Sui Add +13.6% 0.99% +0.03
NVDA Nvidia Corp. Add +26.5% 0.11% +0.03
MGNI Magnite Inc. New 0.03% +0.03
MLPA Global X MLP ETF Add +47.3% 0.10% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +14.0% 0.26% −0.00
META Meta Platforms Inc. Class A Add +0.2% 0.03% −0.01
VGK Vanguard Ftse Europe ETF Add +1.3% 0.04% −0.01
GEHC GE Healthcare Technology Add +12.4% 0.06% −0.01
VSGX Vanguard ESG Intl Stock ETF Add +0.3% 0.07% −0.01
SOXX iShares Semiconductor ETF Add +3.5% 0.35% −0.02
RTX RTX Corp. Add +0.6% 0.13% −0.02
EEM iShares MSCI Emerging Market Add +0.0% 0.16% −0.02
XOM Exxon Mobil Corp. Add +5.7% 0.18% −0.03
IBB iShares Biotechnology ETF Add +7.0% 0.27% −0.03
SPYV SS SPDR P S&P 500 Value ETF Add +1.7% 0.19% −0.04
IEV iShares Europe ETF Add +2.3% 0.24% −0.05
XBI SS SPDR S&P Biotech ETF Add +6.4% 0.39% −0.06
XLK SS Technology Select Sector Add +2.6% 0.89% −0.06
XLP SS Consumer Staples Sel Sect Add +0.7% 0.43% −0.08
VXF Vanguard Extended Market ETF Add +1.7% 0.43% −0.09
IVW iShares S&P 500 Growth ETF Add +2.5% 1.79% −0.11
VT Vanguard Tot World STK ETF Add +0.5% 0.71% −0.12
IVV iShares Core S&P 500 ETF Add +0.6% 0.91% −0.13
VOE Vngrd Mrngstr MD-Cap Val ETF Add +3.3% 0.68% −0.13
AGG iShares Core U.S. Aggregate Add +10.2% 1.46% −0.13
VWO Vanguard Ftse Emerging Marke Add +3.7% 1.48% −0.14
GLD SPDR Gold Shares Add +8.3% 2.99% −0.16
VEU Vanguard Ftse All-World Ex-U Add +2.7% 1.05% −0.17
VSS Vanguard Ftse All Wo X-US SC Add +0.0% 0.97% −0.18
IJH iShares Core S&P Midcap ETF Add +1.3% 0.84% −0.19
VIG Vanguard Dividend Apprec ETF Add +1.8% 1.25% −0.21
VEA Vanguard Ftse Developed ETF Add +0.1% 1.06% −0.22
VOO Vanguard S&P 500 ETF Add +0.3% 2.16% −0.31
XLV SS Health Care Select Sector Add +1.8% 1.65% −0.31
VTIP Vanguard Short-Term Tips Add +0.8% 2.96% −0.49
IEFA iShares Core MSCI Eafe ETF Add +9.0% 9.18% −1.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 170$982.7MIEFA, IAU, VTI, DELL, SPY
Q1 2026 172$870.1MIAU, IEFA, VTI, DELL, SPY
Q4 2025 180$867.7MIEFA, IAU, VTI, DELL, GLD
Q3 2025 188$786.9MIEFA, VTI, IAU, DELL, GLD
Q2 2025 167$714.2MIEFA, VTI, IAU, DELL, SPYG
Q1 2025 154$643.8MIEFA, VTI, IAU, GLD, DELL
Q4 2024 141$676.6MVTI, IEFA, IAU, DELL, SPYG
Q3 2024 150$634.0MIEFA, VTI, IAU, DELL, GLD
Q2 2024 134$626.1MVTI, IEFA, PTC, DELL, IAU
Q1 2024 143$525.3MVTI, IEFA, DELL, IAU, VTIP