13F HOLDINGS REPORT

Wellspring Financial Advisors, LLC

Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001104659-25-077409

Total Value

$995.9M

Positions

181

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (181)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES S&P 500 INDEX	464287200	490,952	$304.8M	30.61%
2	VANGUARD HIGH DIVIDEND YIELD	921946406	2,787,908	$64.0M	6.43%
3	ISHARES CORE MSCI EAFE ETF	46432F842	1,265,398	$63.6M	6.39%
4	VANGUARD TOTAL STK MKT	922908769	6,180,604	$59.1M	5.94%
5	GOLDMAN SACHS PHYSICAL GOLD ETF	38150K103	1,647,958	$53.9M	5.41%
6	ISHARES RUSSELL 1000 GROWTH ETF	464287614	75,632	$32.1M	3.22%
7	ISHARES S&P NORTH AMER TECH-SOFTWARE	464287515	1,611,069	$30.8M	3.10%
8	ISHARES 0-3 MONTH TREASURY BOND ETF	46436E718	288,010	$29.0M	2.91%
9	ISHARES 1-3 YR TREASURY BOND ETF	464287457	318,215	$26.4M	2.65%
10	ISHARES SEMICONDUCTOR ETF	464287523	107,874	$25.7M	2.59%
11	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	651,007	$24.8M	2.49%
12	SPDR S&P 500 ETF TRUST	SPY	650,206	$23.5M	2.36%
13	ISHARES S&P SMALLCAP 600 ETF	464287804	517,145	$16.8M	1.69%
14	APPLE INC	AAPL	70,018	$14.4M	1.44%
15	VANGUARD VALUE ETF	922908744	911,306	$13.7M	1.38%
16	SPDR S&P MIDCAP 400 ETF TRUST	MDY	19,714	$11.2M	1.12%
17	ISHARES S&P 500 GROWTH ETF	464287309	88,328	$9.7M	0.98%
18	VANGUARD GROWTH ETF	922908736	942,653	$9.5M	0.95%
19	VANGUARD S&P 500 ETF	922908363	296,742	$9.2M	0.92%
20	ISHARES RUSSELL 1000 VALUE ETF	464287598	42,331	$8.2M	0.83%
21	SPDR SER TR S&P DIVID ETF	78464A763	60,366	$8.2M	0.82%
22	MICROSOFT	MSFT	914,788	$7.8M	0.79%
23	SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	81,406	$7.8M	0.78%
24	ISHARES GOLD TRUST ETF	IAU	102,734	$6.4M	0.64%
25	ENERGY SELECT SECTOR SPDR	81369Y506	254,973	$6.2M	0.63%
26	CONSUMER DISCRETIONARY SEL SECTOR SPDR FD	81369Y407	28,555	$6.2M	0.62%
27	NVIDIA CORP	NVDA	36,220	$6.1M	0.61%
28	AMAZON.COM INC	AMZN	26,894	$5.9M	0.59%
29	SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	78468R663	61,737	$5.7M	0.57%
30	ISHARES CORE S&P MID CAP ETF	464287507	1,293,895	$4.4M	0.44%
31	TECHNOLOGY SELECT SECTOR SPDR	81369Y803	14,403	$3.6M	0.37%
32	COSTCO WHOLESALE CORP	22160K105	3,314	$3.3M	0.33%
33	GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHT	IVZ	17,952	$3.3M	0.33%
34	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	2,933,385	$2.9M	0.29%
35	RAYMOND JAMES FINL INC	754730109	17,368	$2.7M	0.27%
36	VANGUARD DIVIDEND APPRECIATION ETF	921908844	12,736	$2.6M	0.26%
37	JOHNSON & JOHNSON COM	JNJ	15,617	$2.4M	0.24%
38	ISHARES S&P 500 VALUE ETF	464287408	12,033	$2.4M	0.24%
39	POWERSHARES QQQ TR	IVZ	1,436,248	$2.4M	0.24%
40	ALPHABET INC CAP STK CL C	GOOG	12,040	$2.1M	0.21%
41	FIDELITY WISE ORIGIN BITCOIN FUND	FBTC	21,433	$2.0M	0.20%
42	META PLATFORMS INC CL A	META	2,671	$2.0M	0.20%
43	BROADCOM INC COM	AVGO	6,585	$1.8M	0.18%
44	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	3,696	$1.8M	0.18%
45	GOOGLE INC	GOOG	10,122	$1.8M	0.18%
46	ISHARES S&P MIDCAP 400 GROWTH INDEX	464287606	18,853	$1.7M	0.17%
47	INDUSTRIAL SELECT SECTOR SPDR	81369Y704	11,554	$1.7M	0.17%
48	VANGUARD MEGA CAP GROWTH ETF	921910816	4,202	$1.5M	0.15%
49	VANGUARD SMALL CAP ETF	922908751	6,314	$1.5M	0.15%
50	EXXON MOBIL CORP COM	XOM	13,207	$1.4M	0.14%
51	VANGUARD LARGE CAP	922908637	4,926	$1.4M	0.14%
52	ISHARES CORE HIGH DIVIDEND ETF	46429B663	11,905	$1.4M	0.14%
53	ISHARES 7-10 YEAR TREASURY BOND ETF	464287440	13,794	$1.3M	0.13%
54	ACV AUCTIONS INC COM CL A	ACVA	80,208	$1.3M	0.13%
55	JPMORGAN CHASE & CO. COM	VYLD	4,466	$1.3M	0.13%
56	VANGUARD INDEX FDS MID-CAP VALUE INDEX VIPER SHS ETF	922908512	786,332	$1.3M	0.13%
57	VISA INC	V	3,631	$1.3M	0.13%
58	ISHARES RUSSELL 3000 ETF	464287689	3,496	$1.2M	0.12%
59	ISHARES TR MSCI ACWIINDEX FD	464288257	9,492	$1.2M	0.12%
60	ISHARES S&P MIDCAP 400 VALUE ETF	464287705	9,785	$1.2M	0.12%
61	TESLA MOTORS INC	TSLA	15,339	$1.2M	0.12%
62	ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044	VYLD	37,700	$1.1M	0.11%
63	VANGUARD INFORMATION TECHNOLOGY	92204A702	1,525	$1.0M	0.10%
64	VANGUARD CONSUMER STAPLES ETF	92204A207	789,412	$973,300	0.10%
65	ISHARES RUSSELL 2000 ETF	464287655	4,481	$966,955	0.10%
66	ISHARES DJ SELECT DIVIDEND	464287168	6,825	$906,421	0.09%
67	BANK AMERICA CORP COM	060505104	18,472	$873,996	0.09%
68	MASTERCARD INC	MA	1,514	$849,125	0.09%
69	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	12,962	$738,950	0.07%
70	ISHARES RUSSELL MIDCAP ETF	464287499	7,885	$725,183	0.07%
71	ABBVIE INC COM	ABBV	3,792	$703,850	0.07%
72	PROCTER AND GAMBLE CO COM	742718109	4,058	$646,586	0.06%
73	AMGEN INC	AMGN	2,223	$620,746	0.06%
74	BITWISE CRYPTO INDUSTRY INNOVATORS ETF	301505624	31,387	$618,958	0.06%
75	SCH FND US LG ETF	808524771	24,760	$607,605	0.06%
76	WALMART INC COM	WMT	6,147	$601,046	0.06%
77	ARHAUS INC COM CL A	ARHS	326,905	$585,432	0.06%
78	AON CORP	AON	1,632	$582,297	0.06%
79	BLACKROCK MUNIVEST FD INC COM	BLK	87,681	$576,941	0.06%
80	BLACKROCK MUNIHOLDINGS FD INC COM	BLK	51,464	$576,397	0.06%
81	ISHARES S&P SMALLCAP 600 GROWTH ETF	464287887	4,330	$576,064	0.06%
82	VANGUARD S&P SMALL-CAP 600 ETF	921932828	5,479	$554,661	0.06%
83	RAYONIER ADVANCED MATLS INC COM	RYN	139,950	$538,808	0.05%
84	S&P GLOBAL INC COM	SPGI	938	$494,427	0.05%
85	NETFLIX COM INC	NFLX	367	$491,461	0.05%
86	CROWDSTRIKE HLDGS INC CL A	CRWD	935	$476,205	0.05%
87	CAMECO CORP COM	CCJ	6,407	$475,592	0.05%
88	ELI LILLY & CO COM	LLY	586	$456,725	0.05%
89	ISHARES TR S&P 1500 INDEX FD	464287150	3,363	$454,142	0.05%
90	EATON VANCE MUN BD FD COM	ETN	45,374	$438,767	0.04%
91	ISHARES TR RUSSELL 1000 INDEX ETF	464287622	1,272	$431,963	0.04%
92	WELLS FARGO CO NEW COM	949746101	5,200	$416,660	0.04%
93	HOME DEPOT	HD	1,112	$407,561	0.04%
94	GE AEROSPACE COM NEW	369604301	1,579	$406,419	0.04%
95	INVESCO CURRENCYSHARES SWISS FRANC TRUST	46138R108	3,500	$391,275	0.04%
96	T-MOBILE US INC COM	TMUSZ	1,582	$377,003	0.04%
97	SPDR S&P 400 MID CAP GROWTH ETF	78464A821	367,706	$376,121	0.04%
98	RTX CORPORATION COM	RTX	2,555	$373,045	0.04%
99	TJX COS INC NEW COM	872540109	2,964	$365,970	0.04%
100	FISERV INC	FISV	2,101	$362,233	0.04%
101	MOUNTAIN LAKE ACQUISITION CORP SHS CL A	MLACU	35,000	$359,100	0.04%
102	UNITEDHEALTH GROUP	UNH	1,136	$354,076	0.04%
103	AMERICAN EXPRESS CO COM	AXP	1,095	$349,316	0.04%
104	APPLIED MATLS INC COM	038222105	1,861	$340,671	0.03%
105	DISNEY WALT CO COM	254687106	2,680	$332,300	0.03%
106	IB ACQUISITION CORP COM SHS	IBACR	31,100	$324,684	0.03%
107	HOWMET AEROSPACE INC COM	HWM	1,728	$321,633	0.03%
108	FORTINET INC COM	FTNT	2,945	$311,345	0.03%
109	DWS MUNICIPAL INCOME	233368109	34,126	$301,674	0.03%
110	BOSTON SCIENTIFIC CORP	BSX	2,808	$301,607	0.03%
111	CINTAS CORP	CTAS	1,142	$299,034	0.03%
112	INTERCONTINENTAL EXCHANGE INC COM	45866F104	1,622	$297,624	0.03%
113	CRH PLC ORD	CRH	3,217	$295,321	0.03%
114	INTUITIVE SURGICAL, INC.	ISRG	537	$291,811	0.03%
115	BLACKROCK MUN TARGETTERM TR COM SHS BEN INT	BLK	13,033	$285,292	0.03%
116	PALANTIR TECHNOLOGIES INC CL A	PLTR	2,090	$284,909	0.03%
117	UBER TECHNOLOGIES INC COM	UBER	2,959	$276,075	0.03%
118	NEWMONT CORP COM	NEMCL	4,613	$268,733	0.03%
119	MCKESSON CORP	MCK	361	$264,534	0.03%
120	KENVUE INC COM	KVUE	12,635	$264,451	0.03%
121	ABBOTT LABS COM	ABLZF	1,933	$262,847	0.03%
122	LINDE PLC SHS	LIN	560	$262,623	0.03%
123	INVESCO MUNICIPAL TRUST COM	VKQ	28,546	$261,196	0.03%
124	ULTA SALON COSMETICS & FRAGRANCE INC COM	ULTA	552	$258,237	0.03%
125	ECOLAB INC COM	ECL	946	$254,929	0.03%
126	CONSTELLATION ENERGY CORP COM	CEG	789	$254,758	0.03%
127	STARBUCKS CORP	SBUX	2,759	$252,837	0.03%
128	ASML HOLDING N V N Y REGISTRY SHS	ASMLF	311	$249,232	0.03%
129	HONEYWELL INTL INC	438516106	1,069	$248,989	0.03%
130	DANAHER CORP	235851102	1,249	$246,714	0.02%
131	TELEDYNE TECHNOLOGIES INC COM	TDY	481	$246,421	0.02%
132	CONOCOPHILLIPS COM	COP	2,740	$245,920	0.02%
133	BLACKROCK MUNIHLDNGS CALI QLTY COM	BLK	23,700	$245,295	0.02%
134	DUKE ENERGY CORP NEW COM NEW	DUKB	2,057	$242,726	0.02%
135	GOLDMAN SACHS GROUP INC	GSCE	341	$240,837	0.02%
136	SALESFORCE COM	CRM	881	$240,277	0.02%
137	THERMO FISHER SCIENTIFIC INC COM	TMO	591	$239,628	0.02%
138	MOTOROLA SOLUTIONS INC COM NEW	MSI	561	$235,947	0.02%
139	BLACKROCK MUN INCOME TR SH BEN INT	BLK	24,600	$235,914	0.02%
140	NORTHROP GRUMMAN CORP COM	NOC	469	$234,555	0.02%
141	CENCORA INC COM	COR	775	$232,398	0.02%
142	BLACKROCK MUNIHLDGS NY QLTY FD COM	BLK	23,569	$231,448	0.02%
143	NEXTERA ENERGY INC COM	NEE-PW	3,333	$231,395	0.02%
144	POWERSHARES SP500 LOW VOLATILITY ETF	IVZ	3,106	$226,159	0.02%
145	JANUS HENDERSON AAA CLO ETF	47103U845	4,440	$225,330	0.02%
146	GP-ACT III ACQUISITION CORP CL A	GPATW	21,200	$223,660	0.02%
147	SPDR S&P 600 SMALL CAP VALUE ETF	78464A300	2,804	$223,657	0.02%
148	ISHARES MSCI EAFE ETF	464287465	2,481	$221,777	0.02%
149	HILTON WORLDWIDE HLDGS INC COM	HLT	832	$221,595	0.02%
150	PEPSICO INC COM	PEP	1,677	$221,325	0.02%
151	CATERPILLAR INC COM	CAT	570	$221,128	0.02%
152	ORACLE CORPORATION	ORCL-PD	1,010	$220,852	0.02%
153	SHERWIN WILLIAMS CO COM	SHW	642	$220,370	0.02%
154	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	874039100	964	$218,336	0.02%
155	MSCI INC COM	MSCI	373	$215,129	0.02%
156	NXP SEMICONDUCTORS NV COM	NXPI	976	$213,338	0.02%
157	BROOKFIELD ASSET MGMT INC COM VOTING	11271J107	3,434	$212,393	0.02%
158	ISHARES CORE MSCI EUROPE ETF	46434V738	3,183	$210,715	0.02%
159	PAYPAL HLDGS INC COM	PYPL	2,825	$209,956	0.02%
160	CHART INDUSTRIES INC	16115Q308	1,274	$209,764	0.02%
161	TCW FLEXIBLE INCOME ETF	29287L700	5,303	$209,203	0.02%
162	O REILLY AUTOMOTIVE INC	67103H107	2,305	$207,750	0.02%
163	SHOPIFY INC CL A SUB VTG SHS	SHOP	1,798	$207,399	0.02%
164	COCA COLA CO COM	KO	11,850	$204,968	0.02%
165	GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK	GEHC	2,761	$204,507	0.02%
166	BOOKING HOLDINGS INC COM	BKNG	35	$202,623	0.02%
167	COINBASE GLOBAL INC COM CL A	COIN	578	$202,602	0.02%
168	BLACKROCK MUNI INCOME TR II COM	BLK	19,300	$193,772	0.02%
169	LAUNCH ONE ACQUISITION CORP SHS CLASS A	LPAAW	18,300	$190,595	0.02%
170	MERCK & CO INC	MRK	15,468	$156,269	0.02%
171	TRANSOCEAN	RIG	55,020	$142,502	0.01%
172	AIMEI HEALTH TECHNOLOGY CO LTD SHS	AFJKU	12,000	$132,720	0.01%
173	RIVERNORTH FLEXIBLE MUNI INCME COM	76883Y107	10,000	$126,400	0.01%
174	ALLIANCE NATIONAL MUNI INCOME	01864U106	12,091	$124,658	0.01%
175	NUVEEN NEW YORK AMT QLT MUNICP COM	NU	12,375	$122,636	0.01%
176	PIONEER MUN HIGH INCOME OPPORT COMMON STOCK	723760104	10,000	$118,000	0.01%
177	PUTNAM MUN OPPORTUNITIES TR SH BEN INT	746922103	10,500	$103,845	0.01%
178	PFIZER INC COM	PFE	16,705	$98,161	0.01%
179	INTEL CORP COM	INTC	10,790	$46,186	0.00%
180	BRC INC COM CL A	BRCC	19,772	$25,901	0.00%
181	EVE HLDG INC WT EXP 050927	EVEX-WT	22,000	$20,284	0.00%