Total reported value
$25.1B
Reporting period: 2026-03-31 · Number of holdings: 4659
Pathstone Holdings, LLC disclosed 4659 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $25.1B and a quarterly turnover rate of 14.9%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "P"
Trim CRWD
-86.6% -$502.9M
Trim MSFT
-2.7% -$220.0M
Add VEA
+13.7% $48.9M
Trim SPY
-1.8% -$94.9M
Add CGMM
+13978.0% $49.0M
Add VIOO
+660.1% $35.5M
Pathstone executes a hard rotation from concentrated mega-cap tech into broad market liquidity and international breadth this quarter. The fund actively trims CRWD, MSFT, and AMZN while adding share volume to IVV, VEA, NVDA (shares increased but the price rally diluted the weight), and CGMM, locking in momentum exposure across the entire US equity cross-section without relying on single-stock concentration.
The embedded regime bet is a broadening rally where capital flows out of overvalued mega-cap clusters into liquid ETF cores and peripheral assets like crypto. The opposing thesis argues that mega-tech pricing power will continue to dictate index returns, making the firm’s rotation a premature chase that dilutes quality and increases drag from underperforming international holdings.
With 2,205 positions and an HHI near zero, the portfolio’s alpha engine runs entirely on factor dispersion; if liquidity dries up or bond yields spike, the long tail of low-weight names will bleed via bid-ask slippage before the core indices provide a buffer.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Showing top 2205 holdings (of 4659 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 5.98% | +0.04% | +2.25% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.63% | -0.20% | -1.83% | |
| 3 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.96% | +0.01% | +1.89% | |
| 4 | AAPL | Apple INC | Stock-Tech | 2.94% | +0.04% | +5.27% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 2.55% | -0.77% | -2.68% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.38% | -0.08% | +0.32% | |
| 7 | MDY | State Street Spdr S&p Midcap | ETF-Other | 2.06% | — | -0.79% | |
| 8 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.90% | +0.12% | +1.12% | |
| 9 | IWB | Ishares Russell 1000 ETF | ETF-Other | 1.58% | -0.02% | +0.23% | |
| 10 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.36% | +0.23% | +13.73% | |
| 11 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.23% | -0.11% | -0.91% | |
| 12 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.16% | +0.10% | +2.27% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.06% | — | +3.19% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.04% | -0.06% | -0.79% | |
| 15 | VV | Vanguard Large-cap ETF | ETF-Other | 0.99% | +0.07% | +10.70% | |
| 16 | IGF | Ishares Global Infrastructur | ETF-Other | 0.99% | +0.12% | +1.19% | |
| 17 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.99% | +0.11% | +0.15% | |
| 18 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.97% | -0.07% | -1.15% | |
| 19 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.82% | — | +0.07% | |
| 20 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.81% | — | +1.79% | |
| 21 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.78% | — | -2.52% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.77% | — | +0.76% | |
| 23 | TSLA | Tesla INC | Stock-Consumer Disc | 0.75% | -0.09% | +4.47% | |
| 24 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.74% | — | -0.20% | |
| 25 | AVGO | Broadcom INC | Stock-Tech | 0.69% | — | +6.28% | |
| 26 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.68% | — | +0.65% | |
| 27 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.67% | -0.06% | +2.11% | |
| 28 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.58% | -0.03% | +0.76% | |
| 29 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 0.55% | — | +8.93% | |
| 30 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.53% | -0.08% | -1.19% | |
| 31 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.52% | — | -1.60% | |
| 32 | VB | Vanguard Small-cap ETF | ETF-Other | 0.50% | — | -2.79% | |
| 33 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.47% | — | +0.86% | |
| 34 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.46% | -0.03% | +1.18% | |
| 35 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 0.45% | — | +1.46% | |
| 36 | VONV | Vanguard Russell 1000 Value | ETF-Other | 0.45% | — | -1.53% | |
| 37 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.43% | +0.08% | +15.23% | |
| 38 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.42% | — | +2.89% | |
| 39 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.42% | -0.05% | +1.76% | |
| 40 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.40% | — | -3.89% | |
| 41 | BND | Vanguard Total Bond Market | ETF-Other | 0.39% | — | +1.50% | |
| 42 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.38% | — | -0.86% | |
| 43 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.38% | +0.09% | +6.45% | |
| 44 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.37% | — | +4.46% | |
| 45 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.37% | +0.05% | -1.72% | |
| 46 | DFIC | Dimensional International Co | ETF-Other | 0.37% | — | -3.54% | |
| 47 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 0.36% | — | -0.22% | |
| 48 | XOM | Exxon Mobil CORP | Stock-Energy | 0.36% | +0.11% | -0.99% | |
| 49 | SLAB | Silicon Laboratories INC | Stock-Tech | 0.35% | +0.14% | +0.01% | |
| 50 | V | Visa Inc-class A Shares | Stock-Financials | 0.35% | -0.05% | -1.18% |
Performance for Q3 2026
+3.4%
Performance Last 4 Quarters
+19.5%
Based on 69% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 4659 | $25.1B | 15 | |
| 2025-12-31 | 4717 | $25.9B | 13 | |
| 2025-09-30 | 5208 | $26.2B | 26 | |
| 2025-06-30 | 4644 | $25.3B | 0 | |
| 2025-03-31 | 4716 | $23.1B | 0 | |
| 2024-12-31 | 5071 | $22.6B | 0 | |
| 2024-09-30 | 5053 | $22.6B | 0 | |
| 2024-06-30 | 5030 | $22.2B | 0 | |
| 2024-03-31 | 4993 | $21.5B | 0 | |
| 2023-12-31 | 4493 | $18.6B | 0 |
Pathstone Holdings, LLC's most significant position changes for 2026-03-31: Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: AstraZeneca PLC (AZN); Sold out: Blackrock Muni INC Tr Ii (BLE); Sold out: Amcor plc (AMCR); New buy: Alliancebernstein Gl Hi INC (XAWFX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VEA | Vanguard Ftse Developed ETF | +0.2% | +13.73% | Add |
| 2 | CGMM | Cap Group Small And Mid Cap | +0.2% | +13978.05% | Add |
| 3 | VIOO | Vanguard S&p Small-cap 600 E | +0.1% | +660.15% | Add |
| 4 | SLAB | Silicon Laboratories INC | +0.1% | +0.01% | Add |
| 5 | MHD | Blackrock Muniholdings Fund | +0.1% | +279.68% | Add |
| 6 | IGF | Ishares Global Infrastructur | +0.1% | +1.19% | Add |
| 7 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +1.12% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.1% | -0.99% | Trim |
| 9 | KO | Coca-cola Co/the | +0.1% | +0.15% | Add |
| 10 | IJR | Ishares Core S&p Small-cap E | +0.1% | +2.27% | Add |
| 11 | JNJ | Johnson & Johnson | +0.1% | +6.45% | Add |
| 12 | DFAS | Dimensional US Small Cap ETF | +0.1% | +47.98% | Add |
| 13 | IEMG | Ishares Core Msci Emerging | +0.1% | +15.23% | Add |
| 14 | CVX | Chevron CORP | +0.1% | +4.06% | Add |
| 15 | VV | Vanguard Large-cap ETF | +0.1% | +10.70% | Add |
| 16 | AMAT | Applied Materials INC | +0.1% | +1.56% | Add |
| 17 | LRCX | Lam Research CORP | +0.1% | +2.40% | Add |
| 18 | GEV | GE Vernova INC | +0.1% | +2.50% | Add |
| 19 | COST | Costco Wholesale CORP | +0.1% | -1.72% | Trim |
| 20 | IVV | Ishares Core S&p 500 ETF | 0% | +2.25% | Add |
| 21 | AAPL | Apple INC | 0% | +5.27% | Add |
| 22 | VOO | Vanguard S&p 500 ETF | 0% | +1.89% | Add |
| 23 | IWB | Ishares Russell 1000 ETF | 0% | +0.23% | Add |
| 24 | JPM | Jpmorgan Chase & Co | 0% | +0.76% | Add |
| 25 | IWF | Ishares Russell 1000 Growth | 0% | +1.18% | Add |
| 26 | TMO | Thermo Fisher Scientific INC | 0% | -10.17% | Trim |
| 27 | INTU | Intuit INC | 0% | +5.88% | Add |
| 28 | LLY | Eli Lilly & Co | -0.1% | +1.76% | Add |
| 29 | V | Visa Inc-class A Shares | -0.1% | -1.18% | Trim |
| 30 | GOOGL | Alphabet Inc-cl A | -0.1% | -0.79% | Trim |
| 31 | META | Meta Platforms Inc-class A | -0.1% | +2.11% | Add |
| 32 | ORCL | Oracle CORP | -0.1% | -0.47% | Trim |
| 33 | GOOG | Alphabet Inc-cl C | -0.1% | -1.15% | Trim |
| 34 | NVDA | Nvidia CORP | -0.1% | +0.32% | Add |
| 35 | DIS | Walt Disney Co/the | -0.1% | -1.19% | Trim |
| 36 | TSLA | Tesla INC | -0.1% | +4.47% | Add |
| 37 | AMZN | Amazon.com INC | -0.1% | -0.91% | Trim |
| 38 | VOOV | Vanguard S&p 500 Value ETF | -0.1% | -59.86% | Trim |
| 39 | PAGP | Plains Gp Holdings Lp-cl A | -0.1% | -86.41% | Trim |
| 40 | PAA | Plains All Amer Pipeline LP | -0.1% | -86.16% | Trim |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -1.83% | Trim |
| 42 | MSFT | Microsoft CORP | -0.8% | -2.68% | Trim |
| 43 | CRWD | Crowdstrike Holdings INC - A | -1.9% | -86.64% | Trim |
| 44 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 45 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 46 | BLE | Blackrock Muni INC Tr Ii | — | EXIT | Sold out |
| 47 | AMCR | Amcor plc | — | EXIT | Sold out |
| 48 | XAWFX | Alliancebernstein Gl Hi INC | — | NEW | New buy |
| 49 | MHD | BlackRock MuniHoldings Fund, Inc. | — | EXIT | Sold out |
| 50 | AMCR | Amcor plc | — | NEW | New buy |
Institutions with a similar AUM
CIK 0000820478
Total reported value
$25.2B
2,118 stks
2026-03-31
AUM within 0.3% of this institution
CIK 0000901541
Total reported value
$25.1B
6,347 stks
2025-12-31
AUM within 0.3% of this institution
CIK 0001708828
Total reported value
$25.1B
683 stks
2025-06-30
Stale — no recent filing
AUM within 0.3% of this institution
Institutions with overlapping top holdings
CIK 0001462284
Total reported value
$75.1B
3,437 stks
2024-09-30
Stale — no recent filing
5 of the top 5 holdings overlap, including Apple INC
CIK 0000314949
Total reported value
$20.4B
2,801 stks
2026-03-31
4 of the top 5 holdings overlap, including Vanguard S&p 500 ETF
CIK 0000713676
Total reported value
$173.2B
17,145 stks
2026-03-31
4 of the top 5 holdings overlap, including Ishares Core S&p 500 ETF