Whitegate Investment Counselors, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Whitegate Investment Counselors, Inc. reported 66 stock positions worth $291.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.1% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 7.3%) and iShares Russell 1000 Growth (IWF, 7.2%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 15 and reduced 28. The biggest buy was JPM Ultra-Short Muni Income (JMST, shares +163%) and the biggest sale Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares −54%).

Most Recent 13F
Q2 2026
Location
CONCORD, NH
CIK
0001667102
Portfolio Value
$291.7M (Q4 2024)
SEC Filing
0001667102-25-000001 ↗ filed Feb 10, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $355.0M Q1 2024 Q2 2024: $352.3M Q2 2024 Q3 2024: $376.9M Q3 2024 Q4 2024: $291.7M $291.7M Q4 2024 Q1 2025: $281.8M Q1 2025 Q2 2025: $294.5M Q2 2025 Q3 2025: $303.8M Q3 2025 Q4 2025: $320.0M Q4 2025 Q1 2026: $314.5M Q1 2026 Q2 2026: $351.3M Q2 2026

Holdings 66 stocks · $291.7M
BRK.B Berkshire Hathaway Inc. Class B 12.06% 77,599 $35.2M Reduce -2.1%
VUG Vanguard Mrngstar GR ETF-Sui 7.32% 52,026 $21.4M Reduce -26.2%
IWF iShares Russell 1000 Growth 7.24% 52,606 $21.1M Reduce -28.4%
VB Vanguard Most SM-Cap ETF-Usd 6.71% 81,508 $19.6M Reduce -29.7%
VIG Vanguard Dividend Apprec ETF 6.22% 92,589 $18.1M Reduce -14.2%
SCHD Schwab US DVD Equity ETF 5.54% 590,979 $16.1M Reduce -16.9%
VTV Vanguard Mrngstr Val ETF-Aui 4.96% 85,449 $14.5M Reduce -23.7%
VEA Vanguard Ftse Developed ETF 4.10% 250,390 $12.0M Reduce -25.0%
IWP iShares Russell Mid-Cap Grow 3.44% 79,100 $10.0M Reduce -19.2%
VCSH Vanguard S/T Corp. Bond ETF 3.01% 112,606 $8.8M Reduce -23.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.98% 32,948 $8.7M Reduce -53.8%
VTIP Vanguard Short-Term Tips 2.87% 173,065 $8.4M Reduce -24.1%
SDY SS SPDR S&P Dividend ETF 2.61% 57,553 $7.6M Add +0.7%
EFA iShares MSCI Eafe ETF 2.52% 97,093 $7.3M Reduce 0.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.41% 35,515 $7.0M Reduce -36.5%
NYF iShares New York Muni Bond E 2.06% 112,800 $6.0M No change
BRK.A 1/100 Berkshire HTWY A Class A 1.87% 800 $5.4M Reduce -55.6%
IWN iShares Russell 2000 Value E 1.51% 26,785 $4.4M Add +0.0%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 1.45% 83,265 $4.2M Add +163.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.42% 25,665 $4.2M Reduce -48.5%
VNQ Vanguard Real Estate ETF 1.40% 45,691 $4.1M Reduce -23.7%
IWR iShares Russell Mid-Cap ETF 1.38% 45,599 $4.0M Reduce -1.8%
MUB iShares National Muni Bond E 1.24% 34,030 $3.6M Reduce -8.7%
IYR iShares US Real Estate ETF 1.14% 35,825 $3.3M Reduce -27.4%
IWS iShares Russell Mid-Cap Valu 0.88% 19,817 $2.6M No change
VTES Vanguard SH Term Tax-Ex Bond 0.85% 24,845 $2.5M Reduce -3.4%
IWO iShares Russell 2000 Growth 0.83% 8,455 $2.4M No change
SLYG SS SPDR S&P 600 SC GR ETF 0.83% 26,898 $2.4M Reduce -44.6%
MDY State Street SPDR S&P Midcap 0.81% 4,150 $2.4M No change
SCHB Schwab US Broad Market ETF 0.66% 85,361 $1.9M Add +30.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.54% 31,640 $1.6M Reduce -7.7%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.46% 4,764 $1.3M Reduce -2.9%
IWD iShares Russell 1000 Value E 0.43% 6,853 $1.3M No change
AGG iShares Core U.S. Aggregate 0.42% 12,590 $1.2M Reduce -83.3%
IWB iShares Russell 1000 ETF 0.39% 3,568 $1.1M No change
VEU Vanguard Ftse All-World Ex-U 0.39% 20,012 $1.1M Add +23.7%
SHM SS SPDR N Ice St Muni ETF 0.38% 23,592 $1.1M Reduce -1.7%
IWM iShares Russell 2000 ETF 0.38% 5,049 $1.1M Add +0.1%
SHY iShares 1-3 Year Treasury Bo 0.37% 13,155 $1.1M Reduce -7.1%
ICF iShares Select U.S. REIT ETF 0.37% 17,715 $1.1M No change
AAPL Apple Inc. 0.31% 3,606 $903K Add +0.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.27% 3,129 $794K Reduce -73.5%
PG The Procter & Gamble Co. 0.26% 4,515 $757K No change
XOM Exxon Mobil Corp. 0.26% 6,956 $748K Add +3.1%
MPC Marathon Petroleum Corp. 0.24% 5,036 $703K Add +0.6%
MSFT Microsoft Corp. 0.20% 1,365 $576K Add +0.1%
TREX Trex Company Inc. 0.19% 8,100 $559K No change
NFLX Netflix Inc. 0.18% 600 $535K No change
AMZN Amazon.com Inc. 0.18% 2,400 $527K No change
CBRE CBRE Group Inc. Class A 0.16% 3,455 $454K No change
AVAGO TECHNOLOGIES LTD filed as BROADCOM INC 0.15% 1,891 $439K Add +0.1%
SPSM SS SPDR P S&P 600 Small Cap 0.15% 9,688 $435K No change
VOO Vanguard S&P 500 ETF 0.13% 690 $372K Add +6.3%
CMF iShares California Muni Bond 0.12% 6,350 $364K No change
PFE Pfizer Inc. 0.11% 12,450 $330K No change
LMAT Lemaitre Vascular Inc. 0.10% 3,275 $302K Add +0.1%
IWY iShares Russell Top 200 Grow 0.10% 1,272 $299K Add +0.2%
ABBV Abbvie Inc. 0.10% 1,660 $295K No change
PRMY Primary BK 0.09% 11,000 $271K No change
MRK Merck & Co. Inc. 0.09% 2,690 $268K Add +0.5%
VGSH Vanguard Short-Term Treasury 0.07% 3,640 $212K New
ORN Orion Group Holdings Inc. 0.04% 14,800 $108K No change
FPAYQ Flexshopper Inc. 0.01% 13,000 $22K No change
HYPERSOLAR INC 0.00% 146,833 $3K No change
Adelphia Commun Cp Clxxx 0.00% 100,000 $0 No change
Flexshopper Inc Rts 0.00% 26,000 $0 New

Portfolio Sells Q3 2024 → Q4 2024
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -53.8% 2.98% −2.01
AGG iShares Core U.S. Aggregate Reduce -83.3% 0.42% −1.60
BRK.A 1/100 Berkshire HTWY A Class A Reduce -55.6% 1.87% −1.43
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -48.5% 1.42% −0.80
VB Vanguard Most SM-Cap ETF-Usd Reduce -29.7% 6.71% −0.58
VEA Vanguard Ftse Developed ETF Reduce -25.0% 4.10% −0.57
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -36.5% 2.41% −0.57
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -73.5% 0.27% −0.49
SLYG SS SPDR S&P 600 SC GR ETF Reduce -44.6% 0.83% −0.37
VTV Vanguard Mrngstr Val ETF-Aui Reduce -23.7% 4.96% −0.23
IYR iShares US Real Estate ETF Reduce -27.4% 1.14% −0.19
VNQ Vanguard Real Estate ETF Reduce -23.7% 1.40% −0.15
VTIP Vanguard Short-Term Tips Reduce -24.1% 2.87% −0.11
VCSH Vanguard S/T Corp. Bond ETF Reduce -23.6% 3.01% −0.10
IWF iShares Russell 1000 Growth Reduce -28.4% 7.24% −0.07
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.06
CERS Cerus Corp. Sold out 0.00% −0.01
SHY iShares 1-3 Year Treasury Bo Reduce -7.1% 0.37% +0.06
SHM SS SPDR N Ice St Muni ETF Reduce -1.7% 0.38% +0.08
VTEB Vanguard Tax-Exempt Bond ETF Reduce -7.7% 0.54% +0.08
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -2.9% 0.46% +0.11
VUG Vanguard Mrngstar GR ETF-Sui Reduce -26.2% 7.32% +0.14
VTES Vanguard SH Term Tax-Ex Bond Reduce -3.4% 0.85% +0.16
MUB iShares National Muni Bond E Reduce -8.7% 1.24% +0.17
SCHD Schwab US DVD Equity ETF Reduce -16.9% 5.54% +0.22
IWR iShares Russell Mid-Cap ETF Reduce -1.8% 1.38% +0.30
EFA iShares MSCI Eafe ETF Reduce 0.0% 2.52% +0.36
IWP iShares Russell Mid-Cap Grow Reduce -19.2% 3.44% +0.39
VIG Vanguard Dividend Apprec ETF Reduce -14.2% 6.22% +0.54
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.1% 12.06% +2.38

Portfolio Buys Q3 2024 → Q4 2024
JMST JPM Ultra-Short Muni Income Add +163.5% 1.45% +1.02
SDY SS SPDR S&P Dividend ETF Add +0.7% 2.61% +0.45
IWN iShares Russell 2000 Value E Add +0.0% 1.51% +0.32
SCHB Schwab US Broad Market ETF Add +30.6% 0.66% +0.28
VEU Vanguard Ftse All-World Ex-U Add +23.7% 0.39% +0.12
IWM iShares Russell 2000 ETF Add +0.1% 0.38% +0.09
AAPL Apple Inc. Add +0.1% 0.31% +0.09
VGSH Vanguard Short-Term Treasury New 0.07% +0.07
AVAGO TECHNOLOGIES LTD Add +0.1% 0.15% +0.06
XOM Exxon Mobil Corp. Add +3.1% 0.26% +0.05
MSFT Microsoft Corp. Add +0.1% 0.20% +0.04
VOO Vanguard S&P 500 ETF Add +6.3% 0.13% +0.04
IWY iShares Russell Top 200 Grow Add +0.2% 0.10% +0.03
MPC Marathon Petroleum Corp. Add +0.6% 0.24% +0.02
LMAT Lemaitre Vascular Inc. Add +0.1% 0.10% +0.02
MRK Merck & Co. Inc. Add +0.5% 0.09% +0.01
Flexshopper Inc Rts New 0.00% 0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 76$351.3MBRK.B, VUG, VB, IWF, VIG
Q1 2026 68$314.5MBRK.B, VUG, VB, IWF, VIG
Q4 2025 68$320.0MBRK.B, VUG, IWF, VB, VIG
Q3 2025 66$303.8MBRK.B, VUG, IWF, VB, VIG
Q2 2025 68$294.5MBRK.B, VUG, IWF, VB, VIG
Q1 2025 66$281.8MBRK.B, VUG, IWF, VB, VIG
Q4 2024 66$291.7MBRK.B, VUG, IWF, VB, VIG
Q3 2024 66$376.9MBRK.B, IWF, VB, VUG, VIG
Q2 2024 65$352.3MBRK.B, IWF, VUG, VB, VIG
Q1 2024 62$355.0MBRK.B, IWF, VB, VUG, VIG