13F HOLDINGS REPORT

TWIN FOCUS CAPITAL PARTNERS, LLC

Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001172661-25-004731

Total Value

$786.9M

Positions

188

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (188)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	46432F842	991,790	$86.6M	11.00%
2	VANGUARD INDEX FDS	922908769	232,760	$76.4M	9.71%
3	ISHARES GOLD TR	IAU	1,048,313	$76.3M	9.69%
4	DELL TECHNOLOGIES INC	DELL	228,000	$32.3M	4.11%
5	SPDR GOLD TR	GLD	68,925	$24.5M	3.11%
6	SPDR SERIES TRUST	78464A409	232,085	$24.3M	3.08%
7	ISHARES TR	464287150	155,692	$22.7M	2.88%
8	SPDR S&P 500 ETF TR	SPY	26,427	$17.6M	2.24%
9	VANGUARD MALVERN FDS	922020805	324,795	$16.4M	2.09%
10	ISHARES TR	464287622	40,872	$14.9M	1.90%
11	VANGUARD INDEX FDS	922908363	24,341	$14.9M	1.89%
12	JANUS DETROIT STR TR	47103U845	290,057	$14.7M	1.87%
13	ISHARES TR	464287309	116,995	$14.1M	1.79%
14	ISHARES TR	464287226	136,030	$13.6M	1.73%
15	ISHARES TR	464287176	107,419	$11.9M	1.52%
16	KLAVIYO INC	KVYO	412,836	$11.4M	1.45%
17	VANGUARD INTL EQUITY INDEX F	922042858	203,357	$11.0M	1.40%
18	BNY MELLON ETF TRUST	09661T826	256,019	$10.0M	1.27%
19	ISHARES TR	464287473	68,381	$9.6M	1.21%
20	VANGUARD SPECIALIZED FUNDS	921908844	44,229	$9.5M	1.21%
21	SELECT SECTOR SPDR TR	81369Y886	109,250	$9.5M	1.21%
22	ISHARES INC	46434G103	138,754	$9.1M	1.16%
23	ISHARES TR	464287200	13,546	$9.1M	1.15%
24	VANGUARD WORLD FD	921910733	74,097	$8.8M	1.12%
25	APPLE INC	AAPL	33,805	$8.6M	1.09%
26	VANGUARD TAX-MANAGED FDS	921943858	133,380	$8.0M	1.02%
27	INVESCO QQQ TR	IVZ	12,783	$7.7M	0.98%
28	VANGUARD INTL EQUITY INDEX F	922042775	105,424	$7.5M	0.96%
29	VANGUARD INDEX FDS	922908736	15,433	$7.4M	0.94%
30	VANGUARD INDEX FDS	922908512	39,099	$6.8M	0.87%
31	VANGUARD INTL EQUITY INDEX F	922042742	47,034	$6.5M	0.82%
32	ISHARES TR	464287507	97,602	$6.4M	0.81%
33	VANGUARD INTL EQUITY INDEX F	922042718	40,835	$5.8M	0.74%
34	ISHARES TR	464287499	60,091	$5.8M	0.74%
35	VANGUARD WORLD FD	921910725	70,822	$4.9M	0.62%
36	VANGUARD STAR FDS	921909768	61,144	$4.5M	0.57%
37	SELECT SECTOR SPDR TR	81369Y803	15,872	$4.5M	0.57%
38	VANGUARD INDEX FDS	922908637	14,040	$4.3M	0.55%
39	ISHARES TR	464287689	11,360	$4.3M	0.55%
40	SELECT SECTOR SPDR TR	81369Y209	30,441	$4.2M	0.54%
41	ISHARES TR	464287234	79,069	$4.2M	0.54%
42	VANGUARD WORLD FD	92204A306	32,977	$4.2M	0.53%
43	VANGUARD INDEX FDS	922908744	20,188	$3.8M	0.48%
44	ISHARES TR	464287119	35,142	$3.7M	0.47%
45	CULLINAN THERAPEUTICS INC	CGEM	595,489	$3.5M	0.45%
46	MICROSOFT CORP	MSFT	6,543	$3.4M	0.43%
47	SPDR SERIES TRUST	78464A763	23,555	$3.3M	0.42%
48	ISHARES TR	464287598	15,943	$3.2M	0.41%
49	ISHARES TR	464287655	13,404	$3.2M	0.41%
50	ISHARES TR	464287408	14,708	$3.0M	0.39%
51	INTERCONTINENTAL EXCHANGE IN	45866F104	18,005	$3.0M	0.39%
52	VANGUARD INDEX FDS	922908652	14,099	$3.0M	0.38%
53	SPDR DOW JONES INDL AVERAGE	78467X109	6,098	$2.8M	0.36%
54	ALPHABET INC	GOOG	11,180	$2.7M	0.35%
55	VOX ROYALTY CORP	VOXR	558,988	$2.4M	0.31%
56	BROADCOM INC	AVGO	7,000	$2.3M	0.29%
57	ISHARES TR	464287804	19,077	$2.3M	0.29%
58	SELECT SECTOR SPDR TR	81369Y308	27,387	$2.1M	0.27%
59	SPROTT ASSET MANAGEMENT LP	SII	53,845	$2.0M	0.25%
60	ISHARES TR	464287861	28,623	$1.9M	0.24%
61	VANGUARD WHITEHALL FDS	921946406	12,366	$1.7M	0.22%
62	INTERNATIONAL BUSINESS MACHS	INTR	6,000	$1.7M	0.22%
63	SPDR SERIES TRUST	78464A508	30,544	$1.7M	0.21%
64	ISHARES TR	464287523	6,061	$1.6M	0.21%
65	VANGUARD SCOTTSDALE FDS	92206C409	19,263	$1.5M	0.20%
66	NVIDIA CORPORATION	NVDA	8,168	$1.5M	0.19%
67	ISHARES TR	464288661	12,588	$1.5M	0.19%
68	VANGUARD INDEX FDS	922908629	4,964	$1.5M	0.19%
69	HARBOR ETF TRUST	41151J505	55,500	$1.4M	0.18%
70	ISHARES INC	46434G863	32,621	$1.4M	0.18%
71	GE VERNOVA INC	GEV	2,293	$1.4M	0.18%
72	JPMORGAN CHASE & CO.	VYLD	4,304	$1.4M	0.17%
73	GLOBAL X FDS	37954Y632	26,865	$1.3M	0.17%
74	GE AEROSPACE	369604301	4,377	$1.3M	0.17%
75	HUBSPOT INC	HUBS	2,666	$1.2M	0.16%
76	AMAZON COM INC	AMZN	5,437	$1.2M	0.15%
77	ISHARES INC	46434G822	14,756	$1.2M	0.15%
78	SPDR SERIES TRUST	78464A870	11,800	$1.2M	0.15%
79	UBER TECHNOLOGIES INC	UBER	11,708	$1.1M	0.15%
80	BLACKROCK INC	BLK	950	$1.1M	0.14%
81	GLOBAL PARTNERS LP	GLP-PB	22,000	$1.1M	0.13%
82	EXXON MOBIL CORP	XOM	9,227	$1.0M	0.13%
83	VANECK BITCOIN ETF	HODL	31,925	$1.0M	0.13%
84	CORNING INC	GLW	12,500	$1.0M	0.13%
85	ECHOSTAR CORP	SATS	13,000	$992,680	0.13%
86	ISHARES INC	464286608	15,829	$980,448	0.12%
87	VANGUARD INDEX FDS	922908751	3,738	$950,615	0.12%
88	CROWDSTRIKE HLDGS INC	CRWD	1,930	$946,433	0.12%
89	MCKESSON CORP	MCK	1,200	$927,048	0.12%
90	PRICE T ROWE GROUP INC	TROW	9,000	$923,760	0.12%
91	RTX CORPORATION	RTX	5,450	$911,949	0.12%
92	ADAMS DIVERSIFIED EQUITY FD	006212104	40,205	$896,572	0.11%
93	ISHARES TR	464287671	5,331	$877,163	0.11%
94	SRH TOTAL RETURN FUND INC	STEW	43,487	$789,724	0.10%
95	GLOBAL X FDS	37954Y673	16,301	$776,417	0.10%
96	VANECK ETF TRUST	92189F817	42,720	$762,135	0.10%
97	ISHARES TR	46429B598	14,517	$755,755	0.10%
98	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,200	0.10%
99	SELECT SECTOR SPDR TR	81369Y704	4,831	$745,085	0.09%
100	GLOBAL X FDS	37954Y871	15,300	$729,351	0.09%
101	ISHARES TR	464288877	10,567	$716,760	0.09%
102	SPDR SERIES TRUST	78464A847	12,200	$697,718	0.09%
103	VANECK ETF TRUST	92189F106	9,023	$689,357	0.09%
104	ALPHABET INC	GOOG	2,790	$679,505	0.09%
105	VANECK ETF TRUST	92189F601	4,950	$671,468	0.09%
106	UNITEDHEALTH GROUP INC	UNH	1,925	$664,703	0.08%
107	VOYA FINANCIAL INC	VOYA-PB	8,755	$654,874	0.08%
108	GLOBAL X FDS	37954Y343	13,384	$648,053	0.08%
109	ISHARES TR	464287481	4,544	$647,111	0.08%
110	ROYCE MICRO-CAP TR INC	RMT	62,161	$645,853	0.08%
111	WESTERN AST INFL LKD OPP & I	95766R104	71,963	$639,751	0.08%
112	SPDR SERIES TRUST	78464A854	7,888	$617,946	0.08%
113	DBX ETF TR	233051879	18,655	$615,242	0.08%
114	ISHARES TR	46429B671	9,318	$613,590	0.08%
115	FIDELITY COVINGTON TRUST	31609A503	16,546	$598,153	0.08%
116	MAPLEBEAR INC	CART	15,700	$577,132	0.07%
117	VANGUARD INDEX FDS	922908611	2,762	$576,457	0.07%
118	INVESCO EXCHANGE TRADED FD T	IVZ	3,000	$569,100	0.07%
119	BANK AMERICA CORP	060505104	10,934	$564,085	0.07%
120	ISHARES TR	464288273	7,320	$561,590	0.07%
121	CITIGROUP INC	C-PR	5,500	$558,250	0.07%
122	INVESCO ACTIVELY MANAGED EXC	IVZ	10,980	$551,570	0.07%
123	AT&T INC	T-PC	19,526	$551,414	0.07%
124	VANGUARD INDEX FDS	922908553	5,955	$544,406	0.07%
125	ISHARES TR	46434V613	10,893	$508,812	0.06%
126	FIDELITY NATL INFORMATION SV	31620M106	7,695	$507,408	0.06%
127	ISHARES TR	464287846	3,049	$495,395	0.06%
128	ISHARES TR	464288414	4,635	$493,581	0.06%
129	VANGUARD SCOTTSDALE FDS	92206C870	5,712	$480,436	0.06%
130	ISHARES TR	464287465	5,106	$476,747	0.06%
131	GRANITESHARES PLATINUM TR	PLTM	30,000	$453,300	0.06%
132	ISHARES INC	464286806	10,672	$444,062	0.06%
133	ISHARES TR	464287556	3,066	$442,638	0.06%
134	PROCTER AND GAMBLE CO	742718109	2,850	$438,000	0.06%
135	TRI CONTL CORP	895436103	12,611	$428,774	0.05%
136	PROSHARES TR	74347B581	5,800	$418,542	0.05%
137	MICRON TECHNOLOGY INC	MU	2,500	$418,300	0.05%
138	ISHARES TR	464287325	4,504	$399,144	0.05%
139	ISHARES INC	464286772	4,955	$396,896	0.05%
140	EXCHANGE TRADED CONCEPTS TRU	301505889	8,495	$394,465	0.05%
141	INTEL CORP	INTC	11,501	$385,859	0.05%
142	VERIZON COMMUNICATIONS INC	VZ	8,600	$377,970	0.05%
143	WALMART INC	WMT	3,523	$363,089	0.05%
144	GE HEALTHCARE TECHNOLOGIES I	GEHC	4,625	$347,338	0.04%
145	ABRDN PLATINUM ETF TRUST	PPLT	2,400	$342,912	0.04%
146	WELLS FARGO CO NEW	949746101	4,047	$339,220	0.04%
147	BLOCK INC	BSQKZ	4,600	$332,442	0.04%
148	BERKSHIRE HATHAWAY INC DEL	BRK-A	656	$329,797	0.04%
149	VANGUARD WHITEHALL FDS	921946810	3,650	$326,931	0.04%
150	PUTNAM MUN OPPORTUNITIES TR	746922103	31,294	$323,267	0.04%
151	WISDOMTREE TR	WT	3,518	$312,961	0.04%
152	ISHARES TR	464288885	2,692	$306,565	0.04%
153	BLACKROCK ETF TRUST II	BLK	5,750	$298,799	0.04%
154	ASA GOLD AND PRECIOUS MTLS L	G3156P103	6,500	$297,700	0.04%
155	ELI LILLY & CO	LLY	387	$295,281	0.04%
156	IDEXX LABS INC	45168D104	440	$281,112	0.04%
157	ISHARES TR	464287440	2,906	$280,378	0.04%
158	ISHARES SILVER TR	SLV	6,530	$276,676	0.04%
159	BLACKROCK ETF TRUST	BLK	4,666	$276,227	0.04%
160	PRUDENTIAL FINL INC	PUKPF	2,650	$274,911	0.03%
161	VANGUARD INDEX FDS	922908595	880	$261,906	0.03%
162	SPDR SERIES TRUST	78464A805	3,228	$260,338	0.03%
163	MARSH & MCLENNAN COS INC	571748102	1,253	$252,607	0.03%
164	NETFLIX INC	NFLX	207	$248,176	0.03%
165	SPDR SERIES TRUST	78464A672	8,510	$245,939	0.03%
166	VANGUARD INTL EQUITY INDEX F	922042874	3,081	$245,905	0.03%
167	BLACKROCK MUN TARGET TERM TR	BLK	10,790	$242,343	0.03%
168	ABBVIE INC	ABBV	1,025	$237,329	0.03%
169	ISHARES TR	464287721	1,149	$225,043	0.03%
170	GRAYSCALE BITCOIN MINI TR ET	389930207	4,413	$223,430	0.03%
171	ISHARES INC	46434G764	3,305	$223,121	0.03%
172	META PLATFORMS INC	META	301	$221,631	0.03%
173	AMERICAN TOWER CORP NEW	03027X100	1,135	$218,283	0.03%
174	ISHARES TR	46434V456	4,900	$216,531	0.03%
175	BOEING CO	BA-PA	1,000	$215,830	0.03%
176	ARK ETF TR	00214Q203	1,910	$213,080	0.03%
177	ISHARES TR	464288257	1,535	$212,220	0.03%
178	ISHARES U S ETF TR	46431W853	7,745	$207,953	0.03%
179	VANGUARD CHARLOTTE FDS	92203J407	4,200	$207,740	0.03%
180	SPDR INDEX SHS FDS	78463X889	4,830	$206,676	0.03%
181	SPDR SERIES TRUST	78464A649	7,921	$204,758	0.03%
182	ISHARES TR	46435U549	4,247	$203,983	0.03%
183	CARTESIAN THERAPEUTICS INC	RNAC	19,500	$199,290	0.03%
184	KRANESHARES TRUST	500767553	10,629	$181,437	0.02%
185	PUTNAM MANAGED MUN INCOME TR	746823103	23,993	$144,918	0.02%
186	BANCO SANTANDER S.A.	BCDRF	11,626	$121,840	0.02%
187	MIZUHO FINANCIAL GROUP INC	MZHOF	17,124	$114,731	0.01%
188	VOYA EMERGING MKTS HIGH DIVI	92912P108	12,000	$75,239	0.01%