Wellspring Financial Advisors, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Wellspring Financial Advisors, LLC reported 139 stock positions worth $898.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 30.2% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 6.8%) and iShares Core MSCI Eafe ETF (IEFA, 6.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 11, added to 47 and reduced 66. The biggest buy was Goldman Sachs Physical Gold (AAAU, shares +23%) and the biggest sale SS Consumer Disc Select Sect (XLY, shares −67%).

Most Recent 13F
Q2 2026
Location
CLEVELAND, OH
CIK
0001811308
Portfolio Value
$898.9M (Q1 2025)
SEC Filing
0001104659-25-049166 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $633.0M Q1 2024 Q2 2024: $890.3M Q2 2024 Q3 2024: $838.3M Q3 2024 Q4 2024: $957.1M Q4 2024 Q1 2025: $898.9M $898.9M Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 139 stocks · $898.9M
IVV iShares Core S&P 500 ETF 30.19% 482,908 $271.3M Reduce -1.1%
VYM Vanguard High DVD Yield ETF 6.81% 2,772,231 $61.2M Reduce -6.6%
IEFA iShares Core MSCI Eafe ETF 6.22% 1,206,206 $55.9M Add +3.1%
VTI VG Morningstar TS MKT ETF-US 5.93% 6,177,964 $53.3M Reduce -0.2%
AAAU Goldman Sachs Physical Gold 5.91% 1,718,827 $53.1M Add +23.4%
SGOV iShares 0-3 Month Treasury B 5.64% 503,802 $50.7M Reduce -21.6%
SHY iShares 1-3 Year Treasury Bo 3.38% 367,450 $30.4M Add +102.4%
IWF iShares Russell 1000 Growth 3.19% 79,451 $28.7M Reduce -1.7%
IGV iShares Expanded Tech-Softwa 2.83% 1,611,975 $25.4M Reduce -0.5%
IEMG iShares Core MSCI Emerging 2.60% 663,383 $23.4M Reduce -15.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.30% 36,913 $20.6M Reduce -0.1%
IJR iShares Core S&P Small-Cap E 1.73% 515,527 $15.6M Reduce -3.0%
AAPL Apple Inc. 1.66% 67,166 $14.9M Add +3.6%
VTV Vanguard Mrngstr Val ETF-Aui 1.61% 917,654 $14.5M Reduce -2.6%
MDY State Street SPDR S&P Midcap 1.36% 22,850 $12.2M Reduce -6.0%
SDY SS SPDR S&P Dividend ETF 1.01% 66,830 $9.1M Reduce -3.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.96% 943,782 $8.6M Reduce -0.1%
IVW iShares S&P 500 Growth ETF 0.89% 86,319 $8.0M Reduce -9.0%
IWD iShares Russell 1000 Value E 0.89% 42,442 $8.0M Add +0.0%
XLY SS Consumer Disc Select Sect 0.82% 37,406 $7.4M Reduce -67.3%
XLE SS Energy Select Sector 0.75% 237,723 $6.8M Add +3.2%
SPYG SS SPDR P S&P 500 Growth ETF 0.75% 83,633 $6.7M Reduce -67.4%
IAU iShares Gold Trust 0.67% 102,734 $6.1M Add +1.7%
BIL SS SPDR BB 1-3M T-Bill ETF 0.63% 61,740 $5.7M Add +0.0%
MSFT Microsoft Corp. 0.60% 1,001,832 $5.4M Add +0.8%
AMZN Amazon.com Inc. 0.51% 24,128 $4.6M Add +0.2%
IJH iShares Core S&P Midcap ETF 0.45% 1,291,522 $4.0M Reduce -14.1%
NVDA Nvidia Corp. 0.40% 29,881 $3.6M Reduce -1.6%
VOO Vanguard S&P 500 ETF 0.38% 299,818 $3.5M Reduce -50.7%
RSP Invesco S&P 500 Equal Weight 0.37% 19,154 $3.3M Reduce -14.0%
VXUS Vanguard Total Intl Stock 0.33% 2,933,385 $2.9M No change
COST Costco Wholesale Corp. 0.31% 2,981 $2.8M Add +2.4%
XLK SS Technology Select Sector 0.31% 13,615 $2.8M Add +41.6%
JNJ Johnson & Johnson 0.28% 15,334 $2.5M Reduce -43.1%
VIG Vanguard Dividend Apprec ETF 0.28% 12,741 $2.5M Reduce -1.4%
RJF Raymond James Financial Inc. 0.27% 17,353 $2.4M Reduce -23.6%
IVE iShares S&P 500 Value ETF 0.25% 12,010 $2.3M Reduce -2.1%
QQQ Invesco QQQ Trust Series 1 0.24% 1,436,114 $2.2M No change
IEF iShares 7-10 Year Treasury B 0.23% 21,800 $2.1M Reduce -81.6%
GOOG Alphabet Inc. Class C 0.21% 12,015 $1.9M Reduce -1.4%
XLI SS Industrial Select Sector 0.21% 14,066 $1.8M Reduce -49.9%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 3,233 $1.7M Add +1.6%
IJK iShares S&P Mid-Cap 400 Grow 0.18% 19,830 $1.7M Add +0.0%
XOM Exxon Mobil Corp. 0.17% 13,066 $1.6M Add +0.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.16% 11,919 $1.4M No change
HDV iShares Core High Dividend E 0.16% 11,564 $1.4M Add +0.7%
VB Vanguard Most SM-Cap ETF-Usd 0.16% 6,315 $1.4M Add +0.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.15% 786,949 $1.4M Reduce -0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.15% 5,074 $1.3M Reduce -3.2%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.14% 4,202 $1.3M Add +0.1%
META Meta Platforms Inc. Class A 0.14% 2,247 $1.3M Add +3.8%
GOOGL Alphabet Inc. Class A 0.13% 7,513 $1.2M Reduce -0.8%
ACVA Acv Auctions Inc. Class A 0.13% 80,208 $1.1M No change
ACWI iShares MSCI Acwi ETF 0.12% 9,572 $1.1M Add +0.8%
V Visa Inc. Class A 0.12% 3,133 $1.1M Reduce -8.1%
VDC Vanguard Consumer Staple ETF 0.12% 789,716 $1.0M Reduce -0.3%
JPM JPMorgan Chase & Co. 0.11% 4,149 $1.0M Add +3.6%
DVY iShares Select Dividend ETF 0.11% 7,384 $992K No change
FBTC Fidelity Wise Origin Bitcoin 0.11% 13,463 $969K No change
TSLA Tesla Inc. 0.09% 21,292 $826K Add +46.8%
VGT Vanguard Info Tech ETF 0.09% 1,518 $823K Reduce -0.1%
ABBV Abbvie Inc. 0.09% 3,650 $765K Add +29.5%
AVGO Broadcom Inc. 0.08% 4,393 $736K Add +4.5%
MA Mastercard Inc. Class A 0.08% 1,313 $719K Add +0.2%
RYAM Rayonier Advanced Materials 0.08% 123,521 $710K No change
AMGN Amgen Inc. 0.08% 2,194 $684K Reduce -15.8%
PG The Procter & Gamble Co. 0.08% 3,959 $675K Reduce -0.1%
UNH Unitedhealth Group Inc. 0.07% 1,264 $661K Reduce -2.4%
AON Aon PLC Class A 0.07% 1,609 $642K Add +23.6%
ARHS Arhaus Inc. 0.07% 331,333 $591K Add +883.0%
FNDX Schwab Fndmntl US LRG Co. ETF 0.06% 24,651 $582K Add +0.5%
XMVFX BlackRock Munivest Fund 0.06% 80,233 $562K Reduce -7.6%
VIOO Vanguard S&P Small-Cap 600 E 0.06% 5,649 $545K Reduce -0.7%
IJT iShares S&P Small-Cap 600 GR 0.06% 4,322 $538K Reduce -1.5%
WMT Walmart Inc. 0.06% 5,655 $496K Reduce -9.6%
VEA Vanguard Ftse Developed ETF 0.05% 9,411 $478K Reduce -0.5%
LLY Eli Lilly & Co. 0.05% 546 $451K Add +2.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 10,601 $442K Reduce -0.9%
MHD BlackRock Muniholdings Fund 0.05% 36,850 $433K No change
ITOT iShares Core S&P Total U.S. 0.05% 3,458 $422K Reduce -2.9%
IWB iShares Russell 1000 ETF 0.04% 1,269 $389K Add +0.2%
HD Home Depot Inc. 0.04% 1,047 $384K No change
EXCHANGE TRADED CONCEPTS TRU 0.04% 31,487 $382K Add +0.9%
MDYG SS SPDR S&P 400 MC GR ETF 0.04% 367,706 $375K Reduce -0.0%
FXF Invesco Currencyshares Swiss 0.04% 3,500 $351K No change
NRK Nuveen NY Amt-FR Muni Inc. 0.04% 33,696 $347K Reduce -20.9%
DHR Danaher Corp. 0.04% 1,672 $343K Reduce -6.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,771 $337K Add +0.0%
NFLX Netflix Inc. 0.04% 352 $328K Add +2.6%
EIM Eaton Vance Municipal Bond 0.04% 32,611 $325K Reduce -18.6%
RTX RTX Corp. 0.04% 2,443 $324K Add +0.0%
SPGI S&P Global Inc. 0.04% 633 $321K Add +22.0%
IBAC Ib Acquisition Corp. 0.04% 31,100 $320K No change
FISV Fiserv Inc. 0.04% 1,447 $320K Reduce -14.4%
TMO Thermo Fisher Scientific Inc. 0.04% 639 $318K Add +0.6%
HWM Howmet Aerospace Inc. 0.03% 2,294 $298K Reduce -7.7%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 828 $292K Add +12.2%
GE General Electric filed as GE AEROSPACE 0.03% 1,439 $288K No change
COP Conocophillips 0.03% 2,698 $283K Add +4.7%
CRH CRH PLC 0.03% 3,217 $283K Add +0.5%

Show all 139 holdings

Portfolio Sells Q4 2024 → Q1 2025
XLY SS Consumer Disc Select Sect Reduce -67.3% 0.82% −1.86
SGOV iShares 0-3 Month Treasury B Reduce -21.6% 5.64% −1.10
IEF iShares 7-10 Year Treasury B Reduce -81.6% 0.23% −0.91
VTV Vanguard Mrngstr Val ETF-Aui Reduce -2.6% 1.61% −0.31
IGV iShares Expanded Tech-Softwa Reduce -0.5% 2.83% −0.22
IJR iShares Core S&P Small-Cap E Reduce -3.0% 1.73% −0.21
IWF iShares Russell 1000 Growth Reduce -1.7% 3.19% −0.20
VTI VG Morningstar TS MKT ETF-US Reduce -0.2% 5.93% −0.20
IEMG iShares Core MSCI Emerging Reduce -15.2% 2.60% −0.20
SPYG SS SPDR P S&P 500 Growth ETF Reduce -67.4% 0.75% −0.19
XLI SS Industrial Select Sector Reduce -49.9% 0.21% −0.18
JNJ Johnson & Johnson Reduce -43.1% 0.28% −0.12
IVW iShares S&P 500 Growth ETF Reduce -9.0% 0.89% −0.11
RJF Raymond James Financial Inc. Reduce -23.6% 0.27% −0.10
MDY State Street SPDR S&P Midcap Reduce -6.0% 1.36% −0.09
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.1% 0.96% −0.07
IJH iShares Core S&P Midcap ETF Reduce -14.1% 0.45% −0.07
NVDA Nvidia Corp. Reduce -1.6% 0.40% −0.06
SPLV Invesco S&P 500 Low Volatili Reduce -68.8% 0.03% −0.05
XMUIX BlackRock Municipal Income Sold out 0.00% −0.05
VDC Vanguard Consumer Staple ETF Reduce -0.3% 0.12% −0.04
RSP Invesco S&P 500 Equal Weight Reduce -14.0% 0.37% −0.04
VOO Vanguard S&P 500 ETF Reduce -50.7% 0.38% −0.04
PEP Pepsico Inc. Sold out 0.00% −0.03
GOOG Alphabet Inc. Class C Reduce -1.4% 0.21% −0.03
HLT Hilton Worldwide Holdings Inc. Sold out 0.00% −0.03
MRVL Marvell Technology Inc. Sold out 0.00% −0.03
ACN Accenture PLC Class A Sold out 0.00% −0.02
IT Gartner Inc. Sold out 0.00% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
AWK American Water Works Co. Inc. Sold out 0.00% −0.02
SHOP Shopify Inc. Class A Sold out 0.00% −0.02
GOOGL Alphabet Inc. Class A Reduce -0.8% 0.13% −0.02
VKQ Invesco Municipal Trust Reduce -38.7% 0.03% −0.02
TETEF Technology & Telecommunicati Sold out 0.00% −0.01
NRK Nuveen NY Amt-FR Muni Inc. Reduce -20.9% 0.04% −0.01
EIM Eaton Vance Municipal Bond Reduce -18.6% 0.04% −0.01
VGT Vanguard Info Tech ETF Reduce -0.1% 0.09% −0.01
ABT Abbott Laboratories Reduce -34.5% 0.02% −0.01
DHR Danaher Corp. Reduce -6.0% 0.04% −0.00
CRM Salesforce Inc. Reduce -2.2% 0.02% −0.00
WMT Walmart Inc. Reduce -9.6% 0.06% −0.00
TRU Transunion Reduce -9.3% 0.02% −0.00
AMAT Applied Materials Inc. Reduce -5.2% 0.03% −0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.1% 0.15% −0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -3.2% 0.15% −0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -4.7% 0.02% −0.00
VIOO Vanguard S&P Small-Cap 600 E Reduce -0.7% 0.06% −0.00
IJT iShares S&P Small-Cap 600 GR Reduce -1.5% 0.06% −0.00
INTC Intel Corp. Reduce -16.5% 0.01% −0.00

Portfolio Buys Q4 2024 → Q1 2025
AAAU Goldman Sachs Physical Gold Add +23.4% 5.91% +2.13
SHY iShares 1-3 Year Treasury Bo Add +102.4% 3.38% +1.83
IEFA iShares Core MSCI Eafe ETF Add +3.1% 6.22% +1.16
XLE SS Energy Select Sector Add +3.2% 0.75% +0.33
IAU iShares Gold Trust Add +1.7% 0.67% +0.15
XLK SS Technology Select Sector Add +41.6% 0.31% +0.08
IWD iShares Russell 1000 Value E Add +0.0% 0.89% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +1.6% 0.19% +0.04
BIL SS SPDR BB 1-3M T-Bill ETF Add +0.0% 0.63% +0.04
COST Costco Wholesale Corp. Add +2.4% 0.31% +0.03
ABBV Abbvie Inc. Add +29.5% 0.09% +0.03
ARHS Arhaus Inc. Add +883.0% 0.07% +0.03
FTNT Fortinet Inc. New 0.03% +0.03
NOC Northrop Grumman Corp. New 0.03% +0.03
XOM Exxon Mobil Corp. Add +0.1% 0.17% +0.03
COR Cencora Inc. New 0.02% +0.02
AON Aon PLC Class A Add +23.6% 0.07% +0.02
HDV iShares Core High Dividend E Add +0.7% 0.16% +0.02
MUC BlackRock Munihold Ca QLTY Add +78.2% 0.03% +0.01
JPM JPMorgan Chase & Co. Add +3.6% 0.11% +0.01
MHN BlackRock Muniholding NY QLT Add +103.7% 0.02% +0.01
META Meta Platforms Inc. Class A Add +3.8% 0.14% +0.01
SPGI S&P Global Inc. Add +22.0% 0.04% +0.01
MA Mastercard Inc. Class A Add +0.2% 0.08% +0.01
ACWI iShares MSCI Acwi ETF Add +0.8% 0.12% +0.01
LLY Eli Lilly & Co. Add +2.8% 0.05% +0.01
MCK McKesson Corp. Add +1.7% 0.03% +0.01
RTX RTX Corp. Add +0.0% 0.04% +0.01
NEE Nextera Energy Inc. Add +22.2% 0.03% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +12.2% 0.03% +0.01
TTWO Take-Two Interactive Softwre Add +1.8% 0.03% +0.01
COP Conocophillips Add +4.7% 0.03% +0.00
NFLX Netflix Inc. Add +2.6% 0.04% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.5% 0.06% +0.00
DRIO Dariohealth Corp. New 0.00% +0.00
TJX TJX Companies Inc. Add +0.0% 0.04% +0.00
TMO Thermo Fisher Scientific Inc. Add +0.6% 0.04% +0.00
IWB iShares Russell 1000 ETF Add +0.2% 0.04% +0.00
MSI Motorola Solutions Inc. Add +1.3% 0.03% +0.00
MSCI MSCI Inc. Add +1.7% 0.02% +0.00
CRH CRH PLC Add +0.5% 0.03% +0.00
LOW Lowe's Cos Inc. Add +0.8% 0.02% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +0.1% 0.16% −0.00
IJK iShares S&P Mid-Cap 400 Grow Add +0.0% 0.18% −0.00
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +0.1% 0.14% −0.01
MSFT Microsoft Corp. Add +0.8% 0.60% −0.01
EXCHANGE TRADED CONCEPTS TRU Add +0.9% 0.04% −0.01
AVGO Broadcom Inc. Add +4.5% 0.08% −0.02
AAPL Apple Inc. Add +3.6% 1.66% −0.04
AMZN Amazon.com Inc. Add +0.2% 0.51% −0.04

Notes & Other Activity Q4 2024 → Q1 2025
EVEX.WS Eve Holdng Inc. -CW25 *W EXP 05/09/202 Sold out 22,000 $11Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 287$1.5BIVV, IEFA, AAAU, VYM, SOXX
Q1 2026 277$1.3BIVV, AAAU, IEFA, VYM, VTI
Q4 2025 273$1.3BIVV, IEFA, AAAU, VYM, VTI
Q3 2025 177$1.1BIVV, IEFA, AAAU, VYM, VTI
Q2 2025 180$1.1BIVV, VOE, VYM, IEFA, VTI
Q1 2025 139$898.9MIVV, VYM, IEFA, VTI, AAAU
Q4 2024 146$957.1MIVV, SGOV, VYM, VTI, IEFA
Q3 2024 166$838.3MIVV, SGOV, VTI, VYM, IEFA
Q2 2024 151$890.3MIVV, VDC, VTI, VYM, IEFA
Q1 2024 142$633.0MIVV, VTI, VYM, IEFA, GOLDMAN SACHS PHYSICAL GOLD