13F HOLDINGS REPORT

TWIN FOCUS CAPITAL PARTNERS, LLC

Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001172661-26-000934

Total Value

$867.7M

Positions

180

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (180)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	46432F842	1,013,101	$90.6M	10.45%
2	ISHARES GOLD TR	IAU	1,106,435	$89.8M	10.35%
3	VANGUARD INDEX FDS	922908769	224,527	$75.3M	8.68%
4	DELL TECHNOLOGIES INC	DELL	228,000	$28.7M	3.31%
5	SPDR GOLD TR	GLD	68,333	$27.1M	3.12%
6	ISHARES TR	464287150	163,790	$24.4M	2.81%
7	SPDR SERIES TRUST	78464A409	220,853	$23.6M	2.72%
8	SPDR S&P 500 ETF TR	SPY	34,536	$23.6M	2.71%
9	ISHARES TR	464287309	156,219	$19.3M	2.22%
10	VANGUARD INDEX FDS	922908363	30,328	$19.0M	2.19%
11	VANGUARD MALVERN FDS	922020805	357,905	$17.7M	2.04%
12	ISHARES TR	464287226	159,772	$16.0M	1.84%
13	ISHARES TR	464287622	41,161	$15.4M	1.77%
14	JANUS DETROIT STR TR	47103U845	290,216	$14.7M	1.69%
15	ISHARES TR	464287176	113,616	$12.5M	1.44%
16	KLAVIYO INC	KVYO	364,666	$11.8M	1.36%
17	VANGUARD INTL EQUITY INDEX F	922042858	203,424	$10.9M	1.26%
18	ISHARES INC	46434G103	156,766	$10.5M	1.21%
19	BNY MELLON ETF TRUST	09661T826	256,019	$10.3M	1.19%
20	VANGUARD SPECIALIZED FUNDS	921908844	44,966	$9.9M	1.14%
21	VANGUARD WORLD FD	921910733	81,388	$9.8M	1.13%
22	AMAZON COM INC	AMZN	41,813	$9.7M	1.11%
23	ISHARES TR	464287473	68,362	$9.6M	1.11%
24	SELECT SECTOR SPDR TR	81369Y886	221,212	$9.4M	1.09%
25	ISHARES TR	464287200	13,400	$9.2M	1.06%
26	ALPHABET INC	GOOG	28,850	$9.0M	1.04%
27	APPLE INC	AAPL	32,532	$8.8M	1.02%
28	VANGUARD TAX-MANAGED FDS	921943858	140,091	$8.8M	1.01%
29	INVESCO QQQ TR	IVZ	12,783	$7.9M	0.91%
30	VANGUARD INTL EQUITY INDEX F	922042775	105,434	$7.8M	0.89%
31	ISHARES TR	464287408	35,319	$7.5M	0.86%
32	VANGUARD INDEX FDS	922908736	15,032	$7.3M	0.85%
33	VANGUARD INDEX FDS	922908512	40,389	$7.2M	0.83%
34	VANGUARD INTL EQUITY INDEX F	922042742	47,782	$6.7M	0.78%
35	ISHARES TR	464287507	98,425	$6.5M	0.75%
36	VANGUARD WORLD FD	921910725	88,101	$6.3M	0.73%
37	CULLINAN THERAPEUTICS INC	CGEM	595,489	$6.2M	0.71%
38	ISHARES TR	464287499	60,040	$5.8M	0.67%
39	MODERNA INC	MRNA	185,480	$5.5M	0.63%
40	SELECT SECTOR SPDR TR	81369Y209	32,495	$5.0M	0.58%
41	ISHARES INC	46434G822	58,376	$4.7M	0.54%
42	SELECT SECTOR SPDR TR	81369Y803	31,832	$4.6M	0.53%
43	VANGUARD STAR FDS	921909768	59,722	$4.5M	0.52%
44	VANGUARD INDEX FDS	922908637	14,040	$4.4M	0.51%
45	ISHARES TR	464287689	11,253	$4.4M	0.50%
46	ISHARES TR	464287234	79,069	$4.3M	0.50%
47	VANGUARD WORLD FD	92204A306	32,977	$4.2M	0.48%
48	VANGUARD INTL EQUITY INDEX F	922042718	28,545	$4.1M	0.47%
49	VANGUARD INDEX FDS	922908744	20,188	$3.9M	0.44%
50	ISHARES TR	464287119	35,571	$3.7M	0.43%
51	ISHARES TR	464287598	15,943	$3.4M	0.39%
52	ISHARES TR	464287655	13,300	$3.3M	0.38%
53	VANGUARD INDEX FDS	922908652	15,494	$3.2M	0.37%
54	PROFESIONALLY MANAGED PORTFO	74316P579	47,659	$3.1M	0.36%
55	SPDR SERIES TRUST	78464A763	21,345	$3.0M	0.34%
56	SPDR DOW JONES INDL AVERAGE	78467X109	6,098	$2.9M	0.34%
57	MICROSOFT CORP	MSFT	5,703	$2.8M	0.32%
58	HARBOR ETF TRUST	41151J505	106,842	$2.7M	0.31%
59	VOX ROYALTY CORP	VOXR	558,988	$2.6M	0.31%
60	SPROTT ASSET MANAGEMENT LP	SII	53,845	$2.5M	0.28%
61	ISHARES INC	464286608	37,819	$2.4M	0.28%
62	BROADCOM INC	AVGO	7,000	$2.4M	0.28%
63	ISHARES TR	464287804	18,992	$2.3M	0.26%
64	SELECT SECTOR SPDR TR	81369Y308	28,070	$2.2M	0.25%
65	ISHARES TR	464287861	28,939	$2.0M	0.23%
66	VANGUARD SCOTTSDALE FDS	92206C870	23,544	$2.0M	0.23%
67	INTERCONTINENTAL EXCHANGE IN	45866F104	11,605	$1.9M	0.22%
68	ISHARES TR	464287523	6,216	$1.9M	0.22%
69	VANGUARD SCOTTSDALE FDS	92206C409	22,958	$1.8M	0.21%
70	SPDR SERIES TRUST	78464A508	31,644	$1.8M	0.21%
71	VANGUARD WHITEHALL FDS	921946406	12,366	$1.8M	0.20%
72	INVESCO EXCHANGE TRADED FD T	IVZ	8,800	$1.7M	0.19%
73	GLOBAL X FDS	37954Y673	34,900	$1.7M	0.19%
74	SPDR SERIES TRUST	78464A870	12,900	$1.6M	0.18%
75	ISHARES INC	46434G863	32,637	$1.4M	0.17%
76	VANGUARD INDEX FDS	922908629	4,953	$1.4M	0.17%
77	ISHARES TR	464288661	11,967	$1.4M	0.16%
78	GLOBAL X FDS	37954Y632	27,865	$1.4M	0.16%
79	ECHOSTAR CORP	SATS	13,000	$1.4M	0.16%
80	ISHARES TR	464287481	10,083	$1.4M	0.16%
81	DBX ETF TR	233051879	37,170	$1.2M	0.14%
82	VOYA FINANCIAL INC	VOYA-PB	15,540	$1.2M	0.13%
83	EXXON MOBIL CORP	XOM	9,227	$1.1M	0.13%
84	CORNING INC	GLW	12,500	$1.1M	0.13%
85	JPMORGAN CHASE & CO.	VYLD	3,347	$1.1M	0.12%
86	HUBSPOT INC	HUBS	2,666	$1.1M	0.12%
87	NVIDIA CORPORATION	NVDA	5,470	$1.0M	0.12%
88	BLACKROCK INC	BLK	950	$1.0M	0.12%
89	RTX CORPORATION	RTX	5,517	$1.0M	0.12%
90	SELECT SECTOR SPDR TR	81369Y704	6,285	$974,929	0.11%
91	UBER TECHNOLOGIES INC	UBER	11,708	$956,661	0.11%
92	ADAMS DIVERSIFIED EQUITY FD	006212104	40,205	$937,581	0.11%
93	SPDR SERIES TRUST	78464A854	11,650	$934,563	0.11%
94	BLUE OWL CAPITAL INC	OWL	62,540	$934,348	0.11%
95	PRICE T ROWE GROUP INC	TROW	9,000	$921,420	0.11%
96	CROWDSTRIKE HLDGS INC	CRWD	1,930	$904,707	0.10%
97	ISHARES TR	464287671	5,331	$895,288	0.10%
98	ISHARES TR	464287614	1,833	$867,559	0.10%
99	VANGUARD INDEX FDS	922908751	3,311	$854,189	0.10%
100	VANECK ETF TRUST	92189F817	42,759	$815,847	0.09%
101	SRH TOTAL RETURN FUND INC	STEW	43,487	$806,249	0.09%
102	ISHARES TR	464287648	2,350	$759,074	0.09%
103	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,800	0.09%
104	WESTERN AST INFL LKD OPP & I	95766R104	83,413	$716,518	0.08%
105	VANECK BITCOIN ETF	HODL	28,925	$715,315	0.08%
106	SPDR SERIES TRUST	78464A847	12,200	$706,502	0.08%
107	MAPLEBEAR INC	CART	15,700	$706,186	0.08%
108	VANECK ETF TRUST	92189F106	8,223	$705,287	0.08%
109	VANGUARD WORLD FD	92204A702	870	$655,789	0.08%
110	GLOBAL X FDS	37954Y871	15,300	$653,769	0.08%
111	ROYCE MICRO-CAP TR INC	RMT	62,161	$648,339	0.07%
112	UNITEDHEALTH GROUP INC	UNH	1,952	$644,375	0.07%
113	ISHARES TR	46429B598	11,885	$642,384	0.07%
114	CITIGROUP INC	C-PR	5,500	$641,795	0.07%
115	BANK AMERICA CORP	060505104	11,383	$626,065	0.07%
116	VANECK ETF TRUST	92189F601	4,950	$614,790	0.07%
117	ISHARES TR	464288877	8,569	$611,912	0.07%
118	FIDELITY COVINGTON TRUST	31609A503	16,546	$601,959	0.07%
119	GLOBAL X FDS	37954Y343	12,384	$599,509	0.07%
120	GRANITESHARES PLATINUM TR	PLTM	30,000	$591,900	0.07%
121	ISHARES TR	464288273	7,320	$567,520	0.07%
122	ISHARES TR	46429B671	9,318	$559,732	0.06%
123	INVESCO ACTIVELY MANAGED EXC	IVZ	10,980	$551,745	0.06%
124	ISHARES TR	464287440	5,688	$547,023	0.06%
125	ISHARES TR	464287465	5,616	$539,304	0.06%
126	VANGUARD INDEX FDS	922908553	5,955	$526,958	0.06%
127	FIDELITY NATL INFORMATION SV	31620M106	7,788	$517,590	0.06%
128	ISHARES TR	464287556	3,066	$517,449	0.06%
129	ALPHABET INC	GOOG	1,628	$510,866	0.06%
130	ISHARES TR	46434V613	10,893	$506,960	0.06%
131	ISHARES TR	464287846	3,049	$505,555	0.06%
132	ISHARES TR	464288414	4,635	$496,455	0.06%
133	AT&T INC	T-PC	19,526	$485,026	0.06%
134	ISHARES INC	464286772	4,955	$481,725	0.06%
135	ISHARES INC	464286806	10,672	$453,560	0.05%
136	ABRDN PLATINUM ETF TRUST	PPLT	2,400	$447,432	0.05%
137	SPDR SERIES TRUST	78464A649	16,767	$431,750	0.05%
138	PROSHARES TR	74347B581	5,800	$428,508	0.05%
139	MICRON TECHNOLOGY INC	MU	1,500	$428,115	0.05%
140	SPDR INDEX SHS FDS	78463X889	9,630	$427,668	0.05%
141	INTEL CORP	INTC	11,450	$422,505	0.05%
142	ISHARES SILVER TR	SLV	6,530	$420,663	0.05%
143	PROCTER AND GAMBLE CO	742718109	2,926	$419,416	0.05%
144	TRI CONTL CORP	895436103	12,611	$411,875	0.05%
145	WALMART INC	WMT	3,624	$403,760	0.05%
146	WELLS FARGO CO NEW	949746101	4,326	$403,183	0.05%
147	VANGUARD INDEX FDS	922908611	1,850	$391,812	0.05%
148	ASA GOLD AND PRECIOUS MTLS L	G3156P103	6,500	$387,855	0.04%
149	ELI LILLY & CO	LLY	359	$385,810	0.04%
150	GE HEALTHCARE TECHNOLOGIES I	GEHC	4,625	$379,343	0.04%
151	EXCHANGE TRADED CONCEPTS TRU	301505889	9,211	$371,756	0.04%
152	VERIZON COMMUNICATIONS INC	VZ	8,719	$355,125	0.04%
153	PUTNAM MUN OPPORTUNITIES TR	746922103	31,294	$334,846	0.04%
154	VANGUARD WHITEHALL FDS	921946810	3,650	$333,793	0.04%
155	BERKSHIRE HATHAWAY INC DEL	BRK-A	656	$329,738	0.04%
156	WISDOMTREE TR	WT	3,518	$314,615	0.04%
157	SELECT SECTOR SPDR TR	81369Y605	5,479	$300,085	0.03%
158	BLOCK INC	BSQKZ	4,600	$299,414	0.03%
159	PRUDENTIAL FINL INC	PUKPF	2,650	$299,132	0.03%
160	IDEXX LABS INC	45168D104	440	$297,673	0.03%
161	BLACKROCK ETF TRUST II	BLK	5,750	$297,531	0.03%
162	ISHARES TR	464288885	2,572	$293,002	0.03%
163	SPDR SERIES TRUST	78464A805	3,228	$266,310	0.03%
164	VANGUARD INTL EQUITY INDEX F	922042874	3,110	$260,046	0.03%
165	ABBVIE INC	ABBV	1,082	$247,226	0.03%
166	BLACKROCK MUN TARGET TERM TR	BLK	10,790	$246,228	0.03%
167	SPDR SERIES TRUST	78464A672	8,510	$245,428	0.03%
168	ISHARES INC	46434G764	3,305	$240,207	0.03%
169	MARSH & MCLENNAN COS INC	571748102	1,253	$232,539	0.03%
170	ISHARES TR	46434V456	4,900	$222,705	0.03%
171	ISHARES TR	464288257	1,535	$217,209	0.03%
172	SELECT SECTOR SPDR TR	81369Y407	1,810	$216,132	0.02%
173	MORGAN STANLEY	MS-PQ	1,183	$210,018	0.02%
174	ISHARES TR	464288240	3,084	$207,078	0.02%
175	VANGUARD CHARLOTTE FDS	92203J407	4,281	$206,875	0.02%
176	ISHARES TR	46435U549	4,247	$203,219	0.02%
177	KRANESHARES TRUST	500767553	10,629	$178,673	0.02%
178	PUTNAM MANAGED MUN INCOME TR	746823103	23,993	$150,436	0.02%
179	CARTESIAN THERAPEUTICS INC	RNAC	19,500	$140,595	0.02%
180	VOYA EMERGING MKTS HIGH DIVI	92912P108	12,000	$75,240	0.01%