Whitegate Investment Counselors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Whitegate Investment Counselors, Inc. reported 68 stock positions worth $294.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.8% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 7.6%) and iShares Russell 1000 Growth (IWF, 7.0%). Compared with Q1 2025, it opened 4 new positions, sold out of 2, added to 26 and reduced 23. The biggest buy was JPMorgan Municipal ETF (JMUB, shares +1219%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CONCORD, NH
- CIK
- 0001667102
- Portfolio Value
- $294.5M (Q2 2025)
- SEC Filing
- 0001667102-25-000003 ↗ filed Aug 8, 2025
Holdings Value
Holdings 68 stocks · $294.5M
| BRK.B Berkshire Hathaway Inc. Class B | 11.78% | 71,406 | $34.7M | Reduce -1.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 7.55% | 50,734 | $22.2M | Reduce -1.9% |
| IWF iShares Russell 1000 Growth | 7.04% | 48,852 | $20.7M | Reduce -1.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 6.46% | 80,275 | $19.0M | Add +1.2% |
| VIG Vanguard Dividend Apprec ETF | 6.24% | 89,755 | $18.4M | Add +0.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.02% | 83,612 | $14.8M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 4.94% | 255,002 | $14.5M | Add +2.9% |
| SCHD Schwab US DVD Equity ETF | 4.85% | 539,422 | $14.3M | Reduce -0.2% |
| IWP iShares Russell Mid-Cap Grow | 3.70% | 78,539 | $10.9M | Reduce -0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.05% | 113,109 | $9.0M | Add +1.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.95% | 31,060 | $8.7M | Add +0.9% |
| VTIP Vanguard Short-Term Tips | 2.92% | 171,191 | $8.6M | Add +1.3% |
| EFA iShares MSCI Eafe ETF | 2.80% | 92,393 | $8.3M | Reduce -2.5% |
| SDY SS SPDR S&P Dividend ETF | 2.46% | 53,283 | $7.2M | Reduce -2.9% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 2.37% | 137,350 | $7.0M | Add +59.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.24% | 33,759 | $6.6M | Add +0.2% |
| NYF iShares New York Muni Bond E | 1.55% | 87,330 | $4.6M | Reduce -20.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.48% | 6 | $4.4M | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.47% | 26,353 | $4.3M | Add +3.8% |
| IWR iShares Russell Mid-Cap ETF | 1.42% | 45,591 | $4.2M | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 1.39% | 45,924 | $4.1M | Add +3.5% |
| IWN iShares Russell 2000 Value E | 1.32% | 24,619 | $3.9M | Reduce -7.9% |
| IYR iShares US Real Estate ETF | 1.14% | 35,388 | $3.4M | Reduce -1.2% |
| JMUB JPMorgan Municipal ETF | 1.10% | 65,045 | $3.2M | Add +1219.4% |
| IWS iShares Russell Mid-Cap Valu | 0.89% | 19,817 | $2.6M | No change |
| SCHB Schwab US Broad Market ETF | 0.84% | 104,159 | $2.5M | Reduce -0.5% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.80% | 26,568 | $2.4M | Reduce -0.7% |
| MDY State Street SPDR S&P Midcap | 0.80% | 4,150 | $2.4M | No change |
| IWO iShares Russell 2000 Growth | 0.76% | 7,855 | $2.2M | Reduce -7.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.64% | 27,822 | $1.9M | Reduce -3.7% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.60% | 17,380 | $1.8M | Reduce -17.8% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.51% | 5,441 | $1.5M | Add +11.7% |
| JCPB JPMorgan Core Plus Bond ETF | 0.47% | 29,436 | $1.4M | Add +27.4% |
| IWD iShares Russell 1000 Value E | 0.44% | 6,629 | $1.3M | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.41% | 4,232 | $1.2M | Add +22.3% |
| IWB iShares Russell 1000 ETF | 0.41% | 3,543 | $1.2M | Reduce -0.5% |
| IWM iShares Russell 2000 ETF | 0.37% | 5,038 | $1.1M | No change |
| MUB iShares National Muni Bond E | 0.36% | 10,060 | $1.1M | Reduce -69.8% |
| MPC Marathon Petroleum Corp. | 0.29% | 5,098 | $847K | Add +0.6% |
| ICF iShares Select U.S. REIT ETF | 0.28% | 13,415 | $820K | Add +3.9% |
| SHM SS SPDR N Ice St Muni ETF | 0.28% | 16,982 | $812K | Reduce -27.5% |
| NFLX Netflix Inc. | 0.27% | 600 | $803K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.27% | 9,612 | $796K | Reduce -13.7% |
| AGG iShares Core U.S. Aggregate | 0.27% | 7,944 | $788K | Reduce -19.6% |
| MSFT Microsoft Corp. | 0.26% | 1,527 | $760K | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.26% | 6,981 | $753K | Add +0.2% |
| PG The Procter & Gamble Co. | 0.24% | 4,515 | $719K | No change |
| AAPL Apple Inc. | 0.24% | 3,438 | $705K | Reduce -4.7% |
| VOO Vanguard S&P 500 ETF | 0.24% | 1,237 | $703K | Add +7.7% |
| AMZN Amazon.com Inc. | 0.18% | 2,400 | $527K | Reduce -0.2% |
| CBRE CBRE Group Inc. Class A | 0.16% | 3,455 | $484K | No change |
| TREX Trex Company Inc. | 0.15% | 8,100 | $440K | No change |
| AVAGO TECHNOLOGIES LTD filed as BROADCOM INC | 0.12% | 1,299 | $358K | Add +0.2% |
| CMF iShares California Muni Bond | 0.12% | 6,350 | $354K | No change |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.10% | 1,355 | $305K | No change |
| PFE Pfizer Inc. | 0.10% | 12,450 | $302K | No change |
| LMAT Lemaitre Vascular Inc. | 0.09% | 3,291 | $273K | Add +0.2% |
| XVV iShares ESG Select Screened | 0.09% | 5,326 | $254K | New |
| ESGV Vanguard ESG US Stock ETF | 0.08% | 2,272 | $249K | New |
| VGSH Vanguard Short-Term Treasury | 0.08% | 3,915 | $230K | Add +7.5% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.08% | 5,150 | $224K | New |
| SPSM SS SPDR P S&P 600 Small Cap | 0.07% | 5,155 | $220K | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.07% | 2,729 | $216K | Add +0.8% |
| ORN Orion Group Holdings Inc. | 0.05% | 14,800 | $134K | No change |
| NWL Newell Brands Inc. | 0.03% | 15,356 | $83K | Add +1.3% |
| FPAYQ Flexshopper Inc. | 0.01% | 13,000 | $16K | No change |
| HYPERSOLAR INC | 0.00% | 146,833 | $5K | New |
| Adelphia Commun Cp Clxxx | 0.00% | 100,000 | $0 | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 11.78% | −1.89 |
| MUB iShares National Muni Bond E | Reduce -69.8% | 0.36% | −0.89 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.52 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.2% | 4.85% | −0.51 |
| NYF iShares New York Muni Bond E | Reduce -20.1% | 1.55% | −0.50 |
| SDY SS SPDR S&P Dividend ETF | Reduce -2.9% | 2.46% | −0.19 |
| VTES Vanguard SH Term Tax-Ex Bond | Reduce -17.8% | 0.60% | −0.16 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -27.5% | 0.28% | −0.12 |
| IWN iShares Russell 2000 Value E | Reduce -7.9% | 1.32% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -19.6% | 0.27% | −0.08 |
| IYR iShares US Real Estate ETF | Reduce -1.2% | 1.14% | −0.08 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.07 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -13.7% | 0.27% | −0.06 |
| AAPL Apple Inc. | Reduce -4.7% | 0.24% | −0.05 |
| IWO iShares Russell 2000 Growth | Reduce -7.1% | 0.76% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.0% | 0.07% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -0.7% | 0.80% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -3.7% | 0.64% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 0.18% | +0.02 |
| IWB iShares Russell 1000 ETF | Reduce -0.5% | 0.41% | +0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -0.5% | 0.84% | +0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -2.5% | 2.80% | +0.06 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.1% | 3.70% | +0.42 |
| IWF iShares Russell 1000 Growth | Reduce -1.0% | 7.04% | +0.72 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.9% | 7.55% | +0.74 |
Portfolio Buys Q1 2025 → Q2 2025
| JMUB JPMorgan Municipal ETF | Add +1219.4% | 1.10% | +1.01 |
| JMST JPM Ultra-Short Muni Income | Add +59.3% | 2.37% | +0.82 |
| VEA Vanguard Ftse Developed ETF | Add +2.9% | 4.94% | +0.47 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.2% | 6.46% | +0.22 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.9% | 2.95% | +0.13 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +22.3% | 0.41% | +0.11 |
| VIG Vanguard Dividend Apprec ETF | Add +0.6% | 6.24% | +0.09 |
| XVV iShares ESG Select Screened | New | 0.09% | +0.09 |
| JCPB JPMorgan Core Plus Bond ETF | Add +27.4% | 0.47% | +0.08 |
| ESGV Vanguard ESG US Stock ETF | New | 0.08% | +0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.8% | 5.02% | +0.08 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +11.7% | 0.51% | +0.08 |
| EUSB Ishr ESG Advn Universal BD-$ | New | 0.08% | +0.08 |
| MSFT Microsoft Corp. | Add +0.1% | 0.26% | +0.05 |
| IWR iShares Russell Mid-Cap ETF | Add +0.1% | 1.42% | +0.05 |
| AVAGO TECHNOLOGIES LTD | Add +0.2% | 0.12% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +7.7% | 0.24% | +0.03 |
| MPC Marathon Petroleum Corp. | Add +0.6% | 0.29% | +0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +3.8% | 1.47% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.2% | 2.24% | +0.01 |
| VGSH Vanguard Short-Term Treasury | Add +7.5% | 0.08% | +0.00 |
| HYPERSOLAR INC | New | 0.00% | +0.00 |
| ICF iShares Select U.S. REIT ETF | Add +3.9% | 0.28% | −0.00 |
| LMAT Lemaitre Vascular Inc. | Add +0.2% | 0.09% | −0.01 |
| NWL Newell Brands Inc. | Add +1.3% | 0.03% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.8% | 0.07% | −0.01 |
| VNQ Vanguard Real Estate ETF | Add +3.5% | 1.39% | −0.04 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.26% | −0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.8% | 3.05% | −0.06 |
| VTIP Vanguard Short-Term Tips | Add +1.3% | 2.92% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 76 | $351.3M | BRK.B, VUG, VB, IWF, VIG |
| Q1 2026 | 68 | $314.5M | BRK.B, VUG, VB, IWF, VIG |
| Q4 2025 | 68 | $320.0M | BRK.B, VUG, IWF, VB, VIG |
| Q3 2025 | 66 | $303.8M | BRK.B, VUG, IWF, VB, VIG |
| Q2 2025 | 68 | $294.5M | BRK.B, VUG, IWF, VB, VIG |
| Q1 2025 | 66 | $281.8M | BRK.B, VUG, IWF, VB, VIG |
| Q4 2024 | 66 | $291.7M | BRK.B, VUG, IWF, VB, VIG |
| Q3 2024 | 66 | $376.9M | BRK.B, IWF, VB, VUG, VIG |
| Q2 2024 | 65 | $352.3M | BRK.B, IWF, VUG, VB, VIG |
| Q1 2024 | 62 | $355.0M | BRK.B, IWF, VB, VUG, VIG |