Twin Focus Capital Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Twin Focus Capital Partners, LLC reported 154 stock positions worth $643.8 million. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 10.6% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.9%) and iShares Gold Trust (IAU, 7.6%). Compared with Q4 2024, it opened 23 new positions, sold out of 10, added to 33 and reduced 45. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −11%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001387761
Portfolio Value
$643.8M (Q1 2025)
SEC Filing
0001172661-25-001761 ↗ filed May 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $525.3M Q1 2024 Q2 2024: $626.1M Q2 2024 Q3 2024: $634.0M Q3 2024 Q4 2024: $676.6M Q4 2024 Q1 2025: $643.8M $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 154 stocks · $643.8M
IEFA iShares Core MSCI Eafe ETF 10.64% 905,280 $68.5M Reduce -8.3%
VTI VG Morningstar TS MKT ETF-US 9.89% 231,662 $63.7M Reduce -10.6%
IAU iShares Gold Trust 7.62% 831,689 $49.0M Reduce -7.4%
GLD SPDR Gold Shares 3.34% 74,648 $21.5M Reduce -2.2%
DELL Dell Technologies -C 3.23% 228,000 $20.8M Add +0.9%
ITOT iShares Core S&P Total U.S. 3.17% 167,185 $20.4M Add +10.8%
SPYG SS SPDR P S&P 500 Growth ETF 3.03% 242,477 $19.5M Add +0.8%
VOO Vanguard S&P 500 ETF 2.67% 33,420 $17.2M Add +3.7%
IWB iShares Russell 1000 ETF 2.56% 53,793 $16.5M Add +1.0%
VTIP Vanguard Short-Term Tips 2.46% 317,210 $15.8M Reduce -13.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.30% 26,477 $14.8M Add +16.1%
JAAA Janus Henderson Aaa Clo ETF 1.97% 250,163 $12.7M Reduce -0.7%
TIP iShares Tips Bond ETF 1.87% 108,494 $12.1M Reduce -1.4%
AGG iShares Core U.S. Aggregate 1.86% 120,896 $12.0M Add +4.5%
IWF iShares Russell 1000 Growth 1.53% 27,209 $9.8M No change
VWO Vanguard Ftse Emerging Marke 1.45% 205,550 $9.3M Reduce -1.9%
IWS iShares Russell Mid-Cap Valu 1.38% 70,747 $8.9M Reduce -2.9%
VIG Vanguard Dividend Apprec ETF 1.37% 45,565 $8.8M Add +5.7%
ESGV Vanguard ESG US Stock ETF 1.34% 88,158 $8.6M Add +6.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.33% 108,300 $8.5M Add +9.9%
IVW iShares S&P 500 Growth ETF 1.25% 86,398 $8.0M Reduce -34.3%
IEMG iShares Core MSCI Emerging 1.21% 144,208 $7.8M Reduce -6.1%
AAPL Apple Inc. 1.17% 33,805 $7.5M Reduce -44.4%
XLV SS Health Care Select Sector 1.08% 47,428 $6.9M Reduce -18.1%
VEU Vanguard Ftse All-World Ex-U 1.03% 109,727 $6.7M Reduce -0.1%
VEA Vanguard Ftse Developed ETF 0.99% 125,859 $6.4M Reduce -0.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.93% 37,374 $6.0M Add +1.9%
IJH iShares Core S&P Midcap ETF 0.88% 97,204 $5.7M Add +3.4%
QQQ Invesco QQQ Trust Series 1 0.86% 11,853 $5.6M New
BKGI BNY Mellon GLBL Infra Inc. 0.86% 161,119 $5.6M New
VUG Vanguard Mrngstar GR ETF-Sui 0.86% 14,909 $5.5M Reduce -17.4%
IVV iShares Core S&P 500 ETF 0.84% 9,595 $5.4M Reduce -0.1%
VSS Vanguard Ftse All Wo X-US SC 0.80% 44,585 $5.2M Reduce -0.4%
IWR iShares Russell Mid-Cap ETF 0.80% 60,553 $5.2M Add +0.0%
VT Vanguard Tot World STK ETF 0.79% 43,766 $5.1M Add +3.3%
IWM iShares Russell 2000 ETF 0.78% 25,308 $5.0M Reduce -0.1%
CGEM Cullinan Therapeutics Inc. 0.70% 595,489 $4.5M No change
VDE Vanguard Energy ETF 0.66% 32,977 $4.3M Add +2.4%
EEM iShares MSCI Emerging Market 0.64% 93,869 $4.1M No change
VHT Vanguard Health Care ETF 0.63% 15,375 $4.1M Reduce -4.3%
VXUS Vanguard Total Intl Stock 0.58% 59,722 $3.7M Add +1.8%
IWV iShares Russell 3000 ETF 0.57% 11,520 $3.7M Reduce -7.1%
XLK SS Technology Select Sector 0.53% 16,393 $3.4M Reduce -34.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.51% 12,760 $3.3M No change
ICE Intercontinental Exchange Inc. 0.48% 18,005 $3.1M No change
VSGX Vanguard ESG Intl Stock ETF 0.48% 52,516 $3.1M Add +2.9%
TLT iShares 20+ Year Treasury BD 0.48% 33,681 $3.1M No change
IWD iShares Russell 1000 Value E 0.47% 15,943 $3.0M No change
SDY SS SPDR S&P Dividend ETF 0.45% 21,395 $2.9M Reduce -4.0%
ILCG iShares Morningstar Growth E 0.44% 34,875 $2.8M No change
VXF Vanguard Extended Market ETF 0.44% 16,327 $2.8M Reduce -0.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.40% 6,098 $2.6M New
MSFT Microsoft Corp. 0.37% 6,277 $2.4M Reduce -5.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.36% 13,422 $2.3M Add +0.9%
XLP SS Consumer Staples Sel Sect 0.35% 27,923 $2.3M Reduce -6.3%
IJR iShares Core S&P Small-Cap E 0.33% 20,170 $2.1M Add +33.8%
SOXX iShares Semiconductor ETF 0.27% 9,385 $1.8M No change
BLK BlackRock Inc. 0.27% 1,850 $1.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 7,000 $1.7M No change
GOOGL Alphabet Inc. Class A 0.26% 10,730 $1.7M Reduce -3.8%
IEV iShares Europe ETF 0.25% 28,112 $1.6M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.25% 17,800 $1.6M No change
VOXR Vox Royalty Corp. 0.25% 558,988 $1.6M No change
GXC State Street SPDR S&P China 0.24% 18,111 $1.6M No change
CEF Sprott Physical Gold and Sil 0.24% 53,845 $1.5M No change
AVGO Broadcom Inc. 0.24% 9,050 $1.5M No change
IEI iShares 3-7 Year Treasury Bo 0.23% 12,342 $1.5M Add +77.7%
SPYV SS SPDR P S&P 500 Value ETF 0.23% 28,444 $1.5M Add +23.1%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.22% 66,100 $1.4M New
IBB iShares Biotechnology ETF 0.21% 10,697 $1.4M Reduce -1.4%
VCSH Vanguard S/T Corp. Bond ETF 0.21% 17,299 $1.4M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.21% 5,225 $1.4M Add +0.4%
ESGE iShares Inc. iShares ESG Awar 0.19% 34,421 $1.2M Reduce -7.0%
GLP Global Partners LP 0.18% 22,000 $1.2M No change
XOM Exxon Mobil Corp. 0.17% 9,227 $1.1M No change
JPM JPMorgan Chase & Co. 0.16% 4,122 $1.0M No change
AIQ Global X Art Intel & Tech 0.15% 26,865 $977K No change
XBI SS SPDR S&P Biotech ETF 0.15% 11,800 $957K Reduce -55.4%
STEW SRH Total Return Fund Inc. 0.15% 55,019 $949K No change
SCZ iShares MSCI Eafe Small-Cap 0.15% 14,775 $939K Reduce -41.8%
RTX RTX Corp. 0.14% 6,625 $878K Reduce -7.7%
GE General Electric filed as GE AEROSPACE 0.14% 4,377 $876K Reduce -45.8%
UBER Uber Technologies Inc. 0.13% 11,708 $853K Add +4.5%
MCK McKesson Corp. 0.13% 1,200 $808K No change
BRK.A Berkshire Hathaway Inc. Class A 0.12% 1 $798K New
GEV GE Vernova Inc. 0.12% 2,593 $792K Add +3.0%
ADX Adams Diversified Equity 0.12% 40,205 $763K No change
VB Vanguard Most SM-Cap ETF-Usd 0.11% 3,319 $736K Add +9.3%
NVDA Nvidia Corp. 0.11% 6,690 $725K Reduce -84.9%
MLPA Global X MLP ETF 0.11% 13,384 $712K No change
VNQ Vanguard Real Estate ETF 0.11% 7,678 $695K Reduce -4.2%
TBF Proshares Short 20+ Treasury 0.11% 29,200 $689K No change
CRWD CrowdStrike Holdings Inc. Class A 0.11% 1,930 $680K New
CART Maplebear Inc. 0.10% 15,700 $626K New
SPMD SS SPDR P S&P 400 Midcap ETF 0.10% 12,200 $624K No change
EWX State Street SPDR S&P Emergi 0.10% 11,000 $623K No change
GOOG Alphabet Inc. Class C 0.09% 3,890 $608K Reduce -13.8%
WIW Western Asst Infl-LNK Opp 0.09% 65,063 $572K Add +8.1%
T AT&T Inc. 0.09% 19,526 $552K Add +11.3%
GSY Invesco Ultra Short Duration 0.09% 10,980 $550K No change
GLW Corning Inc. 0.09% 12,000 $549K No change
VNM Vaneck Vietnam ETF 0.08% 42,721 $533K No change
RMT Royce Micro-Cap Trust Inc. 0.08% 62,161 $524K No change
FMDE Fidelity Enhanced Mid Cap Co. 0.08% 16,546 $519K No change
MCHI iShares MSCI China ETF 0.08% 9,318 $507K New
COMT iShares Gsci Commodity Dynam 0.08% 19,045 $504K Reduce -74.0%
PG The Procter & Gamble Co. 0.08% 2,851 $486K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 10,934 $456K Add +3.8%
IYY iShares Dow Jones U.S. ETF 0.06% 3,049 $415K New
VZ Verizon Communications Inc. 0.06% 8,966 $407K Add +8.5%
XOP SS SPDR S&P Og Exp & Prod 0.06% 3,005 $396K Reduce -93.2%
EWG iShares MSCI Germany ETF 0.06% 10,672 $396K New
C Citigroup Inc. 0.06% 5,508 $391K No change
GEHC GE Healthcare Technology 0.06% 4,625 $373K Add +2.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.06% 2,000 $373K Add +8.1%
TGNA Tegna Inc. 0.06% 20,054 $365K No change
FIS Fidelity National Info Serv 0.06% 4,869 $364K No change
GDX Vaneck Gold Miners ETF 0.06% 7,823 $360K Reduce -70.0%
TY Tri-Continental Corp. 0.06% 11,611 $356K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 656 $349K Reduce -3.4%
SPXE Proshares S&P 500 Ex-Energy 0.05% 5,800 $349K No change
DGRW Wisdomtree U.S. Quality Divi 0.05% 4,320 $345K No change
DKNG Draftkings Inc. Class A 0.05% 10,039 $333K No change
VYM Vanguard High DVD Yield ETF 0.05% 2,581 $333K Reduce -7.2%
PMO Franklin Muncipl Opps Tst-Ui 0.05% 31,294 $319K No change
WMT Walmart Inc. 0.05% 3,523 $309K No change
MRSH Marsh & McLennan Cos 0.05% 1,253 $306K No change
VIGI Vanguard Int Div App Indx FD 0.05% 3,650 $303K No change
PRU Prudential Financial Inc. 0.05% 2,650 $296K New
LLY Eli Lilly & Co. 0.05% 353 $292K Reduce -15.6%
WFC Wells Fargo & Co. 0.05% 4,047 $291K No change
PLTM Graniteshares Platinum Trust 0.05% 30,000 $290K No change
AMT American Tower Corp. 0.04% 1,285 $280K No change
BNDX Vanguard Total Intl Bond ETF 0.04% 5,624 $275K Add +0.2%
ASA ASA Gold and Precious Metals 0.04% 8,900 $268K Reduce -21.2%
EWY iShares MSCI South Korea ETF 0.04% 4,955 $268K New
NLR Vaneck Urani & Nuclr ETF-Usd 0.04% 3,600 $264K New
URA Global X Uranium ETF 0.04% 11,500 $264K New
MU Micron Technology Inc. 0.04% 3,000 $261K No change
XYZ Block Inc. 0.04% 4,600 $250K New
EFV iShares MSCI Eafe Value ETF 0.04% 4,100 $242K New
PPLT Abrdn Physical Platinum SHRS 0.03% 2,400 $219K New
ABBV Abbvie Inc. 0.03% 1,025 $215K New
VGK Vanguard Ftse Europe ETF 0.03% 3,030 $213K New
EWJ iShares MSCI Japan ETF 0.03% 3,050 $209K New
AIG American International Group 0.03% 2,400 $209K New
BTT BlackRock 2030 Muni TRGT TRM 0.03% 9,590 $204K New
TEAM Atlassian Corp. Class A 0.03% 955 $203K No change
SLV iShares Silver Trust 0.03% 6,530 $202K New
TFI SS SPDR N Ice Muni Bond ETF 0.03% 4,475 $202K Reduce -17.4%
EAGG iShares ESG Aware US Aggrega 0.03% 4,247 $202K Reduce -45.0%
RNAC Cartesian Therapeutics Inc. 0.03% 15,000 $198K Add +25.0%
PMM Franklin Managed Municipal I 0.02% 23,993 $147K No change
IHD Voya Emrg MRKT Hi DVD Eqty 0.01% 12,000 $64K No change

Portfolio Sells Q4 2024 → Q1 2025
VTI VG Morningstar TS MKT ETF-US Reduce -10.6% 9.89% −1.21
AAPL Apple Inc. Reduce -44.4% 1.17% −1.08
XOP SS SPDR S&P Og Exp & Prod Reduce -93.2% 0.06% −0.80
NVDA Nvidia Corp. Reduce -84.9% 0.11% −0.77
IVW iShares S&P 500 Growth ETF Reduce -34.3% 1.25% −0.73
COPX Global X Copper Miners ETF Sold out 0.00% −0.61
XLK SS Technology Select Sector Reduce -34.3% 0.53% −0.33
VUG Vanguard Mrngstar GR ETF-Sui Reduce -17.4% 0.86% −0.24
XBI SS SPDR S&P Biotech ETF Reduce -55.4% 0.15% −0.20
COMT iShares Gsci Commodity Dynam Reduce -74.0% 0.08% −0.20
VTIP Vanguard Short-Term Tips Reduce -13.9% 2.46% −0.18
NBBK NB Bancorp Inc. Sold out 0.00% −0.14
XLV SS Health Care Select Sector Reduce -18.1% 1.08% −0.10
SCZ iShares MSCI Eafe Small-Cap Reduce -41.8% 0.15% −0.08
GDX Vaneck Gold Miners ETF Reduce -70.0% 0.06% −0.07
GE General Electric Reduce -45.8% 0.14% −0.06
NEW AMERICA HIGH INCOME FUND Sold out 0.00% −0.06
GOOGL Alphabet Inc. Class A Reduce -3.8% 0.26% −0.05
KD Kyndryl Holdings Inc. Sold out 0.00% −0.05
MSFT Microsoft Corp. Reduce -5.6% 0.37% −0.05
IWV iShares Russell 3000 ETF Reduce -7.1% 0.57% −0.04
XES SS SPDR S&P Og Eqp & Serv Sold out 0.00% −0.04
IWM iShares Russell 2000 ETF Reduce -0.1% 0.78% −0.04
PYPL PayPal Holdings Inc. Sold out 0.00% −0.04
JEF Jefferies Financial Group Inc. Sold out 0.00% −0.03
GOOG Alphabet Inc. Class C Reduce -13.8% 0.09% −0.03
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.03
VXF Vanguard Extended Market ETF Reduce -0.3% 0.44% −0.02
EAGG iShares ESG Aware US Aggrega Reduce -45.0% 0.03% −0.02
HERZ Herzfeld Credit Income Fund Sold out 0.00% −0.02
XJEQX Abrdn Japan Equity Fund Inc. Sold out 0.00% −0.02
IWS iShares Russell Mid-Cap Valu Reduce -2.9% 1.38% −0.01
TFI SS SPDR N Ice Muni Bond ETF Reduce -17.4% 0.03% −0.01
LLY Eli Lilly & Co. Reduce -15.6% 0.05% −0.00
VYM Vanguard High DVD Yield ETF Reduce -7.2% 0.05% −0.00
IBB iShares Biotechnology ETF Reduce -1.4% 0.21% +0.00
IVV iShares Core S&P 500 ETF Reduce -0.1% 0.84% +0.00
VNQ Vanguard Real Estate ETF Reduce -4.2% 0.11% +0.00
ESGE iShares Inc. iShares ESG Awar Reduce -7.0% 0.19% +0.00
XLP SS Consumer Staples Sel Sect Reduce -6.3% 0.35% +0.01
ASA ASA Gold and Precious Metals Reduce -21.2% 0.04% +0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.4% 0.05% +0.01
RTX RTX Corp. Reduce -7.7% 0.14% +0.01
SDY SS SPDR S&P Dividend ETF Reduce -4.0% 0.45% +0.02
IEMG iShares Core MSCI Emerging Reduce -6.1% 1.21% +0.02
VHT Vanguard Health Care ETF Reduce -4.3% 0.63% +0.03
VSS Vanguard Ftse All Wo X-US SC Reduce -0.4% 0.80% +0.04
VWO Vanguard Ftse Emerging Marke Reduce -1.9% 1.45% +0.08
JAAA Janus Henderson Aaa Clo ETF Reduce -0.7% 1.97% +0.08
VEA Vanguard Ftse Developed ETF Reduce -0.7% 0.99% +0.10

Portfolio Buys Q4 2024 → Q1 2025
QQQ Invesco QQQ Trust Series 1 New 0.86% +0.86
BKGI BNY Mellon GLBL Infra Inc. New 0.86% +0.86
DIA SS SPDR Dow Jones Indus Avg New 0.40% +0.40
SPY SS SPDR S&P 500 ETF Trust-US Add +16.1% 2.30% +0.33
ITOT iShares Core S&P Total U.S. Add +10.8% 3.17% +0.30
XLU St Sr Utl SL SE SPDR ETF-Usd Add +9.9% 1.33% +0.22
BCI Abrdn Bloomberg All Commodit New 0.22% +0.22
AGG iShares Core U.S. Aggregate Add +4.5% 1.86% +0.20
VIG Vanguard Dividend Apprec ETF Add +5.7% 1.37% +0.12
BRK.A Berkshire Hathaway Inc. Class A New 0.12% +0.12
IEI iShares 3-7 Year Treasury Bo Add +77.7% 0.23% +0.11
CRWD CrowdStrike Holdings Inc. Class A New 0.11% +0.11
VOO Vanguard S&P 500 ETF Add +3.7% 2.67% +0.10
CART Maplebear Inc. New 0.10% +0.10
VDE Vanguard Energy ETF Add +2.4% 0.66% +0.09
MCHI iShares MSCI China ETF New 0.08% +0.08
IJR iShares Core S&P Small-Cap E Add +33.8% 0.33% +0.07
VXUS Vanguard Total Intl Stock Add +1.8% 0.58% +0.06
IYY iShares Dow Jones U.S. ETF New 0.06% +0.06
ESGV Vanguard ESG US Stock ETF Add +6.8% 1.34% +0.06
EWG iShares MSCI Germany ETF New 0.06% +0.06
VOE Vngrd Mrngstr MD-Cap Val ETF Add +1.9% 0.93% +0.06
VSGX Vanguard ESG Intl Stock ETF Add +2.9% 0.48% +0.05
VT Vanguard Tot World STK ETF Add +3.3% 0.79% +0.05
SPYV SS SPDR P S&P 500 Value ETF Add +23.1% 0.23% +0.05
PRU Prudential Financial Inc. New 0.05% +0.05
EWY iShares MSCI South Korea ETF New 0.04% +0.04
NLR Vaneck Urani & Nuclr ETF-Usd New 0.04% +0.04
URA Global X Uranium ETF New 0.04% +0.04
XYZ Block Inc. New 0.04% +0.04
EFV iShares MSCI Eafe Value ETF New 0.04% +0.04
PPLT Abrdn Physical Platinum SHRS New 0.03% +0.03
ABBV Abbvie Inc. New 0.03% +0.03
VGK Vanguard Ftse Europe ETF New 0.03% +0.03
UBER Uber Technologies Inc. Add +4.5% 0.13% +0.03
EWJ iShares MSCI Japan ETF New 0.03% +0.03
AIG American International Group New 0.03% +0.03
BTT BlackRock 2030 Muni TRGT TRM New 0.03% +0.03
SLV iShares Silver Trust New 0.03% +0.03
VTV Vanguard Mrngstr Val ETF-Aui Add +0.9% 0.36% +0.03
T AT&T Inc. Add +11.3% 0.09% +0.03
IWB iShares Russell 1000 ETF Add +1.0% 2.56% +0.03
IJH iShares Core S&P Midcap ETF Add +3.4% 0.88% +0.02
WIW Western Asst Infl-LNK Opp Add +8.1% 0.09% +0.02
VZ Verizon Communications Inc. Add +8.5% 0.06% +0.01
IWR iShares Russell Mid-Cap ETF Add +0.0% 0.80% +0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.4% 0.21% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +9.3% 0.11% +0.01
GEHC GE Healthcare Technology Add +2.2% 0.06% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +8.1% 0.06% +0.00

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