Twin Focus Capital Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Twin Focus Capital Partners, LLC reported 188 stock positions worth $786.9 million. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 11.0% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.7%) and iShares Gold Trust (IAU, 9.7%). Compared with Q2 2025, it opened 26 new positions, sold out of 5, added to 46 and reduced 38. The biggest buy was iShares Gold Trust (IAU, shares +6%) and the biggest sale Klaviyo Class A (KVYO, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001387761
- Portfolio Value
- $786.9M (Q3 2025)
- SEC Filing
- 0001172661-25-004731 ↗ filed Nov 12, 2025
Holdings Value
Holdings 188 stocks · $786.9M
| IEFA iShares Core MSCI Eafe ETF | 11.00% | 991,790 | $86.6M | Add +3.8% |
| VTI VG Morningstar TS MKT ETF-US | 9.71% | 232,760 | $76.4M | Add +1.1% |
| IAU iShares Gold Trust | 9.69% | 1,048,313 | $76.3M | Add +5.7% |
| DELL Dell Technologies -C | 4.11% | 228,000 | $32.3M | No change |
| GLD SPDR Gold Shares | 3.11% | 68,925 | $24.5M | Add +0.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.08% | 232,085 | $24.3M | Reduce -1.0% |
| ITOT iShares Core S&P Total U.S. | 2.88% | 155,692 | $22.7M | Add +1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.24% | 26,427 | $17.6M | Reduce -0.4% |
| VTIP Vanguard Short-Term Tips | 2.09% | 324,795 | $16.4M | Add +2.4% |
| IWB iShares Russell 1000 ETF | 1.90% | 40,872 | $14.9M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 1.89% | 24,341 | $14.9M | Reduce -1.8% |
| JAAA Janus Henderson Aaa Clo ETF | 1.87% | 290,057 | $14.7M | Add +1.1% |
| IVW iShares S&P 500 Growth ETF | 1.79% | 116,995 | $14.1M | Add +16.8% |
| AGG iShares Core U.S. Aggregate | 1.73% | 136,030 | $13.6M | Add +3.8% |
| TIP iShares Tips Bond ETF | 1.52% | 107,419 | $11.9M | Reduce -0.2% |
| KVYO Klaviyo Inc. Class A | 1.45% | 412,836 | $11.4M | Reduce -3.4% |
| VWO Vanguard Ftse Emerging Marke | 1.40% | 203,357 | $11.0M | Reduce -1.0% |
| BKGI BNY Mellon GLBL Infra Inc. | 1.27% | 256,019 | $10.0M | No change |
| IWS iShares Russell Mid-Cap Valu | 1.21% | 68,381 | $9.6M | Reduce -0.0% |
| VIG Vanguard Dividend Apprec ETF | 1.21% | 44,229 | $9.5M | Reduce -1.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.21% | 109,250 | $9.5M | Add +1.1% |
| IEMG iShares Core MSCI Emerging | 1.16% | 138,754 | $9.1M | Add +5.8% |
| IVV iShares Core S&P 500 ETF | 1.15% | 13,546 | $9.1M | Add +6.0% |
| ESGV Vanguard ESG US Stock ETF | 1.12% | 74,097 | $8.8M | Add +0.0% |
| AAPL Apple Inc. | 1.09% | 33,805 | $8.6M | No change |
| VEA Vanguard Ftse Developed ETF | 1.02% | 133,380 | $8.0M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.98% | 12,783 | $7.7M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.96% | 105,424 | $7.5M | Add +0.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.94% | 15,433 | $7.4M | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.87% | 39,099 | $6.8M | Add +4.3% |
| VT Vanguard Tot World STK ETF | 0.82% | 47,034 | $6.5M | Add +4.4% |
| IJH iShares Core S&P Midcap ETF | 0.81% | 97,602 | $6.4M | Reduce -0.6% |
| VSS Vanguard Ftse All Wo X-US SC | 0.74% | 40,835 | $5.8M | Reduce -3.9% |
| IWR iShares Russell Mid-Cap ETF | 0.74% | 60,091 | $5.8M | Add +0.3% |
| VSGX Vanguard ESG Intl Stock ETF | 0.62% | 70,822 | $4.9M | Add +0.0% |
| VXUS Vanguard Total Intl Stock | 0.57% | 61,144 | $4.5M | Add +2.4% |
| XLK SS Technology Select Sector | 0.57% | 15,872 | $4.5M | Reduce -0.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.55% | 14,040 | $4.3M | Reduce -0.8% |
| IWV iShares Russell 3000 ETF | 0.55% | 11,360 | $4.3M | No change |
| XLV SS Health Care Select Sector | 0.54% | 30,441 | $4.2M | Reduce -3.5% |
| EEM iShares MSCI Emerging Market | 0.54% | 79,069 | $4.2M | Reduce -7.3% |
| VDE Vanguard Energy ETF | 0.53% | 32,977 | $4.2M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 20,188 | $3.8M | Add +7.0% |
| ILCG iShares Morningstar Growth E | 0.47% | 35,142 | $3.7M | No change |
| CGEM Cullinan Therapeutics Inc. | 0.45% | 595,489 | $3.5M | No change |
| MSFT Microsoft Corp. | 0.43% | 6,543 | $3.4M | Add +6.8% |
| SDY SS SPDR S&P Dividend ETF | 0.42% | 23,555 | $3.3M | Add +5.3% |
| IWD iShares Russell 1000 Value E | 0.41% | 15,943 | $3.2M | No change |
| IWM iShares Russell 2000 ETF | 0.41% | 13,404 | $3.2M | Reduce -1.4% |
| IVE iShares S&P 500 Value ETF | 0.39% | 14,708 | $3.0M | Add +134.3% |
| ICE Intercontinental Exchange Inc. | 0.39% | 18,005 | $3.0M | No change |
| VXF Vanguard Extended Market ETF | 0.38% | 14,099 | $3.0M | Reduce -0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.36% | 6,098 | $2.8M | No change |
| GOOGL Alphabet Inc. Class A | 0.35% | 11,180 | $2.7M | No change |
| VOXR Vox Royalty Corp. | 0.31% | 558,988 | $2.4M | No change |
| AVGO Broadcom Inc. | 0.29% | 7,000 | $2.3M | No change |
| IJR iShares Core S&P Small-Cap E | 0.29% | 19,077 | $2.3M | Reduce -1.3% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 27,387 | $2.1M | Reduce -0.5% |
| CEF Sprott Physical Gold and Sil | 0.25% | 53,845 | $2.0M | No change |
| IEV iShares Europe ETF | 0.24% | 28,623 | $1.9M | Reduce 0.0% |
| VYM Vanguard High DVD Yield ETF | 0.22% | 12,366 | $1.7M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 6,000 | $1.7M | Reduce -14.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.21% | 30,544 | $1.7M | Add +1.0% |
| SOXX iShares Semiconductor ETF | 0.21% | 6,061 | $1.6M | Add +8.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 19,263 | $1.5M | No change |
| NVDA Nvidia Corp. | 0.19% | 8,168 | $1.5M | Add +22.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.19% | 12,588 | $1.5M | Add +1.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.19% | 4,964 | $1.5M | Add +0.1% |
| HGER Harbor Commodity All Weather | 0.18% | 55,500 | $1.4M | No change |
| ESGE iShares Inc. iShares ESG Awar | 0.18% | 32,621 | $1.4M | Reduce -0.1% |
| GEV GE Vernova Inc. | 0.18% | 2,293 | $1.4M | Reduce -11.6% |
| JPM JPMorgan Chase & Co. | 0.17% | 4,304 | $1.4M | Add +4.4% |
| AIQ Global X Art Intel & Tech | 0.17% | 26,865 | $1.3M | No change |
| GE General Electric filed as GE AEROSPACE | 0.17% | 4,377 | $1.3M | No change |
| HUBS HubSpot Inc. | 0.16% | 2,666 | $1.2M | No change |
| AMZN Amazon.com Inc. | 0.15% | 5,437 | $1.2M | Reduce -63.8% |
| EWJ iShares MSCI Japan ETF | 0.15% | 14,756 | $1.2M | Add +82.8% |
| XBI SS SPDR S&P Biotech ETF | 0.15% | 11,800 | $1.2M | No change |
| UBER Uber Technologies Inc. | 0.15% | 11,708 | $1.1M | No change |
| BLK BlackRock Inc. | 0.14% | 950 | $1.1M | Reduce -48.6% |
| GLP Global Partners LP | 0.13% | 22,000 | $1.1M | No change |
| XOM Exxon Mobil Corp. | 0.13% | 9,227 | $1.0M | No change |
| HODL Vaneck Bitcoin ETF | 0.13% | 31,925 | $1.0M | New |
| GLW Corning Inc. | 0.13% | 12,500 | $1.0M | Add +4.0% |
| ECHO Echostar Corp. Class A | 0.13% | 13,000 | $993K | New |
| EZU iShares MSCI Eurozone ETF | 0.12% | 15,829 | $980K | Add +149.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 3,738 | $951K | Add +0.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 1,930 | $946K | No change |
| MCK McKesson Corp. | 0.12% | 1,200 | $927K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.12% | 9,000 | $924K | No change |
| RTX RTX Corp. | 0.12% | 5,450 | $912K | Reduce -15.5% |
| ADX Adams Diversified Equity | 0.11% | 40,205 | $897K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.11% | 5,331 | $877K | No change |
| STEW SRH Total Return Fund Inc. | 0.10% | 43,487 | $790K | No change |
| PAVE Global X US Infrastructure | 0.10% | 16,301 | $776K | New |
| VNM Vaneck Vietnam ETF | 0.10% | 42,720 | $762K | Reduce 0.0% |
| INDA iShares MSCI India ETF | 0.10% | 14,517 | $756K | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 1 | $754K | No change |
| XLI SS Industrial Select Sector | 0.09% | 4,831 | $745K | New |
| URA Global X Uranium ETF | 0.09% | 15,300 | $729K | Add +12.5% |
Portfolio Sells Q2 2025 → Q3 2025
| KVYO Klaviyo Inc. Class A | Reduce -3.4% | 1.45% | −0.56 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.39 |
| AMZN Amazon.com Inc. | Reduce -63.8% | 0.15% | −0.31 |
| TIP iShares Tips Bond ETF | Reduce -0.2% | 1.52% | −0.14 |
| BLK BlackRock Inc. | Reduce -48.6% | 0.14% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -1.8% | 1.89% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -14.3% | 0.22% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 1.21% | −0.07 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.06 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -3.9% | 0.74% | −0.06 |
| IWB iShares Russell 1000 ETF | Reduce -0.7% | 1.90% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 2.24% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -3.5% | 0.54% | −0.06 |
| IWS iShares Russell Mid-Cap Valu | Reduce -0.0% | 1.21% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.2% | 1.02% | −0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -1.0% | 3.08% | −0.05 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.6% | 0.81% | −0.04 |
| EEM iShares MSCI Emerging Market | Reduce -7.3% | 0.54% | −0.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.5% | 0.27% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.0% | 1.40% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.8% | 0.55% | −0.02 |
| RTX RTX Corp. | Reduce -15.5% | 0.12% | −0.02 |
| IEV iShares Europe ETF | Reduce 0.0% | 0.24% | −0.02 |
| GEV GE Vernova Inc. | Reduce -11.6% | 0.18% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.8% | 0.22% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -18.6% | 0.04% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.06% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.3% | 0.29% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -0.6% | 0.38% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -7.8% | 0.04% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -4.1% | 0.05% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -7.2% | 0.03% | −0.01 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -7.2% | 0.04% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.03% | −0.00 |
| ASA ASA Gold and Precious Metals | Reduce -27.0% | 0.04% | −0.00 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -0.1% | 0.18% | +0.00 |
| XLK SS Technology Select Sector | Reduce -0.8% | 0.57% | +0.00 |
| IWM iShares Russell 2000 ETF | Reduce -1.4% | 0.41% | +0.00 |
| MU Micron Technology Inc. | Reduce -16.7% | 0.05% | +0.00 |
| VNM Vaneck Vietnam ETF | Reduce 0.0% | 0.10% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IAU iShares Gold Trust | Add +5.7% | 9.69% | +1.03 |
| IVW iShares S&P 500 Growth ETF | Add +16.8% | 1.79% | +0.25 |
| IVE iShares S&P 500 Value ETF | Add +134.3% | 0.39% | +0.21 |
| GLD SPDR Gold Shares | Add +0.2% | 3.11% | +0.18 |
| HODL Vaneck Bitcoin ETF | New | 0.13% | +0.13 |
| ECHO Echostar Corp. Class A | New | 0.13% | +0.13 |
| PAVE Global X US Infrastructure | New | 0.10% | +0.10 |
| INDA iShares MSCI India ETF | New | 0.10% | +0.10 |
| XLI SS Industrial Select Sector | New | 0.09% | +0.09 |
| VOYA Voya Financial Inc. | New | 0.08% | +0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.08% | +0.08 |
| ASHR Xtrackers Harvest Csi 300 CH | New | 0.08% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | New | 0.07% | +0.07 |
| EZU iShares MSCI Eurozone ETF | Add +149.8% | 0.12% | +0.07 |
| EWJ iShares MSCI Japan ETF | Add +82.8% | 0.15% | +0.07 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.06% | +0.06 |
| MUB iShares National Muni Bond E | New | 0.06% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +5.8% | 1.16% | +0.06 |
| IBB iShares Biotechnology ETF | New | 0.06% | +0.06 |
| IXJ iShares Global Healthcare Et | New | 0.05% | +0.05 |
| EMQQ Emg MKT Internet ETF-USA Inc. | New | 0.05% | +0.05 |
| IWP iShares Russell Mid-Cap Grow | Add +174.6% | 0.08% | +0.05 |
| NVDA Nvidia Corp. | Add +22.1% | 0.19% | +0.05 |
| GLW Corning Inc. | Add +4.0% | 0.13% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +6.0% | 1.15% | +0.04 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.03% | +0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.03% | +0.03 |
| NFLX Netflix Inc. | New | 0.03% | +0.03 |
| SPTI SS SPDR P Int Term TSY ETF | New | 0.03% | +0.03 |
| GDX Vaneck Gold Miners ETF | Add +15.3% | 0.09% | +0.03 |
| ABBV Abbvie Inc. | New | 0.03% | +0.03 |
| IYW iShares Ustechnology ETF | New | 0.03% | +0.03 |
| ARKQ ARK Autonomous Tech & Robot | New | 0.03% | +0.03 |
| ACWI iShares MSCI Acwi ETF | New | 0.03% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.03% | +0.03 |
| SPAB SS SPDR P Agg Bond ETF | New | 0.03% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +68.5% | 0.06% | +0.02 |
| SOXX iShares Semiconductor ETF | Add +8.2% | 0.21% | +0.02 |
| INTC Intel Corp. | Add +26.4% | 0.05% | +0.02 |
| URA Global X Uranium ETF | Add +12.5% | 0.09% | +0.02 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +13.8% | 0.09% | +0.02 |
| SAN Banco Santander SA-Spon ADR | New | 0.02% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +29.6% | 0.07% | +0.02 |
| MFG Mizuho Financial Group-ADR | New | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +4.4% | 0.82% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.0% | 0.48% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +4.4% | 0.17% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +4.3% | 0.87% | +0.00 |
| MSFT Microsoft Corp. | Add +6.8% | 0.43% | +0.00 |
| IEF iShares 7-10 Year Treasury B | Add +11.5% | 0.04% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 170 | $982.7M | IEFA, IAU, VTI, DELL, SPY |
| Q1 2026 | 172 | $870.1M | IAU, IEFA, VTI, DELL, SPY |
| Q4 2025 | 180 | $867.7M | IEFA, IAU, VTI, DELL, GLD |
| Q3 2025 | 188 | $786.9M | IEFA, VTI, IAU, DELL, GLD |
| Q2 2025 | 167 | $714.2M | IEFA, VTI, IAU, DELL, SPYG |
| Q1 2025 | 154 | $643.8M | IEFA, VTI, IAU, GLD, DELL |
| Q4 2024 | 141 | $676.6M | VTI, IEFA, IAU, DELL, SPYG |
| Q3 2024 | 150 | $634.0M | IEFA, VTI, IAU, DELL, GLD |
| Q2 2024 | 134 | $626.1M | VTI, IEFA, PTC, DELL, IAU |
| Q1 2024 | 143 | $525.3M | VTI, IEFA, DELL, IAU, VTIP |