1y return+21.4%S&P 500 +20.9%
3y return+52.6%S&P 500 +68.5%
5y return+49.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $207 against $280 in the S&P 500.2
Gradient Capital Advisors, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Core S&p 500 Etf | $39.2M | 9.1% | |
| AAPLApple Inc Com | $20.6M | 4.8% | |
| SPDWState Street Spdr Portfolio Developed World Ex-us Etf | $15.6M | 3.6% | −1.8% |
| VCSHVanguard Short-term Corporate Bond Etf | $14.2M | 3.3% | +2.2% |
| DFGPDimensional Global Core Plus Fixed Income Etf | $12.8M | 3.0% | +8.2% |
| DFSDDimensional Short-duration Fixed Income Etf | $12.3M | 2.8% | +10.1% |
| SCHFSchwab International Equity Etf | $11.8M | 2.7% | −2.4% |
| SCHMSchwab U.s. Mid-cap Etf | $11.1M | 2.6% | −3.0% |
| Dimensional U.s. Targeted Value EtfCUSIP 25434V609 | $9.4M | 2.2% | −2.8% |
| GOOGLAlphabet Inc Cap Stk Cl A | $9.4M | 2.2% | +4.5% |
| DFEMDimensional Emerging Markets Core Equity 2 Etf | $9.0M | 2.1% | −3.2% |
| VVVanguard Large-cap Etf | $8.5M | 2.0% | −1.5% |
| VTIPVanguard Short-term Inflation-protected Securities Etf | $8.5M | 2.0% | +4.9% |
| VEAVanguard Ftse Developed Markets Etf | $8.1M | 1.9% | |
| Dimensional Us Small Cap Value EtfCUSIP 25434V815 | $8.1M | 1.9% | +3.0% |
| SCHXSchwab U.s. Large-cap Etf | $7.6M | 1.8% | |
| JPMJpmorgan Chase & Co Com | $7.4M | 1.7% | |
| DFUVDimensional Us Marketwide Value Etf | $6.9M | 1.6% | |
| LRCXLam Research Corp Com New | $6.8M | 1.6% | −24.2% |
| NVDANvidia Corporation Com | $6.5M | 1.5% | |
| Dimensional Us Real Estate EtfCUSIP 25434V823 | $5.7M | 1.3% | +2.3% |
| TSLATesla Inc Com | $5.5M | 1.3% | −3.2% |
| BRK/BBerkshire Hathaway Inc Del Cl B New | $5.5M | 1.3% | +13.5% |
| JPSTJpmorgan Ultra-short Income Etf | $5.5M | 1.3% | +4.3% |
| DFAXDimensional World Ex U.s. Core Equity 2 Etf | $5.4M | 1.3% | +2.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc Com | June 30, 2020 | +1096.9% | $4.1M |
| NVDANvidia Corporation Com | June 30, 2021 | +900.3% | $6.5M |
| LRCXLam Research Corp Com New | September 30, 2024 | +431.0% | $6.8M |
| GOOGLAlphabet Inc Cap Stk Cl A | June 30, 2020 | +404.0% | $9.4M |
| JPMJpmorgan Chase & Co Com | June 30, 2020 | +248.0% | $7.4M |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $20.6M |
| BRK/BBerkshire Hathaway Inc Del Cl B New | June 30, 2020 | +180.3% | $5.5M |
| VUGVanguard Growth Etf | June 30, 2020 | +155.7% | $3.5M |
| METAMeta Platforms Inc Cl A | June 30, 2020 | +148.1% | $3.5M |
| VOOVanguard S&p 500 Etf | June 30, 2020 | +142.3% | $4.8M |
Sold off last quarter
- Exxon Mobil Corp ComCUSIP 30231G102 was $627K
- CEGConstellation Energy Corp Com was $306K
- PFEPfizer Inc Com was $291K
- PLTRPalantir Technologies Inc Cl A was $248K
- Accenture PLC Ireland Shs Class ACUSIP G1151C101 was $242K
- CRMSalesforce Inc Com was $236K
- OFIXOrthofix Med Inc Com was $115K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.1% | +14.8% |
| March 31, 2026 | −1.3% | −4.6% |
| December 31, 2025 | +2.6% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +7.7% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | +0.2% | +2.1% |
| September 30, 2024 | +5.9% | +5.4% |
| June 30, 2024 | +2.4% | +4.0% |
| March 31, 2024 | +4.7% | +10.0% |
| December 31, 2023 | +9.7% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +5.6% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
| December 31, 2022 | +4.2% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −14.2% | −16.5% |
| March 31, 2022 | −4.4% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Gradient Capital Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1727917&type=13F-HR&dateb=&owner=include&count=40CIK 1727917
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1727917/000172791726000006/Filed July 13, 2026 · accession 0001727917-26-000006