13F HOLDINGS REPORT

Gradient Capital Advisors, LLC

Quarter ended Q2 2025 · Filed July 16, 2025 · Accession 0001727917-25-000009

Total Value

$338.5M

Positions

162

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (162)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES CORE S&P 500 ETF	464287200	52,248	$32.4M	9.58%
2	APPLE INC COM	AAPL	73,967	$15.2M	4.48%
3	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	336,622	$13.6M	4.03%
4	VANGUARD SHORT-TERM CORPORATE BOND ETF	92206C409	146,340	$11.6M	3.44%
5	SCHWAB INTERNATIONAL EQUITY ETF	808524805	466,452	$10.3M	3.05%
6	DIMENSIONAL SHORT-DURATION FIXED INCOME ETF	25434V864	204,171	$9.8M	2.90%
7	SCHWAB U.S. MID-CAP ETF	808524508	329,615	$9.2M	2.73%
8	VANGUARD LARGE-CAP ETF	922908637	31,558	$9.0M	2.66%
9	DIMENSIONAL U.S. TARGETED VALUE ETF	25434V609	140,353	$7.6M	2.24%
10	MICROSOFT CORP COM	MSFT	14,413	$7.2M	2.12%
11	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	922020805	140,069	$7.0M	2.08%
12	JPMORGAN CHASE & CO. COM	VYLD	24,274	$7.0M	2.08%
13	SCHWAB U.S. LARGE-CAP ETF	808524201	282,450	$6.9M	2.04%
14	DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF	25434V732	230,462	$6.8M	2.02%
15	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	123,600	$6.3M	1.85%
16	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	107,667	$6.1M	1.81%
17	DIMENSIONAL US MARKETWIDE VALUE ETF	25434V724	133,613	$5.6M	1.67%
18	TESLA INC COM	TSLA	17,747	$5.6M	1.67%
19	DIMENSIONAL US SMALL CAP VALUE ETF	25434V815	172,432	$5.1M	1.50%
20	DIMENSIONAL US REAL ESTATE ETF	25434V823	197,705	$4.6M	1.37%
21	META PLATFORMS INC CL A	META	6,244	$4.6M	1.36%
22	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	9,386	$4.6M	1.35%
23	VANGUARD S&P 500 ETF	922908363	7,961	$4.5M	1.34%
24	NVIDIA CORPORATION COM	NVDA	27,710	$4.4M	1.29%
25	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	62,437	$4.3M	1.27%
26	VANGUARD MID-CAP ETF	922908629	15,120	$4.2M	1.25%
27	VANGUARD GROWTH ETF	922908736	9,596	$4.2M	1.24%
28	DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF	25434V880	133,749	$3.9M	1.16%
29	ALPHABET INC CAP STK CL A	GOOG	22,204	$3.9M	1.16%
30	ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF	464288646	72,664	$3.8M	1.13%
31	SCHWAB US DIVIDEND EQUITY ETF	808524797	142,106	$3.8M	1.11%
32	VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF	922042676	77,969	$3.6M	1.06%
33	BROADCOM INC COM	AVGO	12,704	$3.5M	1.03%
34	VANGUARD SMALL-CAP ETF	922908751	13,497	$3.2M	0.94%
35	DIMENSIONAL US LARGE CAP VALUE ETF	25434V666	100,792	$3.1M	0.92%
36	DIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF	25434V781	93,242	$3.1M	0.91%
37	SPDR GOLD SHARES	GLD	9,832	$3.0M	0.89%
38	SPDR BLOOMBERG 3-12 MONTH T-BILL ETF	78468R523	26,384	$2.6M	0.77%
39	VANGUARD SMALL CAP VALUE ETF	922908611	11,723	$2.3M	0.68%
40	LAM RESEARCH CORP COM NEW	LRCX	22,420	$2.2M	0.64%
41	AMAZON COM INC COM	AMZN	9,774	$2.1M	0.63%
42	DIMENSIONAL EMERGING CORE EQUITY MARKET ETF	25434V302	71,743	$2.1M	0.61%
43	SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST	GLDW	30,003	$2.0M	0.58%
44	VANGUARD VALUE ETF	922908744	11,063	$2.0M	0.58%
45	SCHWAB U.S. BROAD MARKET ETF	808524102	78,425	$1.9M	0.55%
46	AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	025072802	23,080	$1.8M	0.54%
47	WP CAREY INC COM	92936U109	28,552	$1.8M	0.53%
48	CISCO SYS INC COM	CSCO	22,838	$1.6M	0.47%
49	VANGUARD REAL ESTATE ETF	922908553	17,278	$1.5M	0.45%
50	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	20,633	$1.4M	0.41%
51	CHEVRON CORP NEW COM	CVX	9,531	$1.4M	0.40%
52	ISHARES RUSSELL 2000 ETF	464287655	6,231	$1.3M	0.40%
53	AVANTIS U.S. SMALL CAP VALUE ETF	025072877	14,143	$1.3M	0.38%
54	QUALCOMM INC COM	QCOM	7,828	$1.2M	0.37%
55	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	5,394	$1.2M	0.36%
56	SCHWAB U.S. LARGE-CAP VALUE ETF	808524409	43,157	$1.2M	0.35%
57	VANGUARD TOTAL STOCK MARKET ETF	922908769	3,926	$1.2M	0.35%
58	VANGUARD DIVIDEND APPRECIATION ETF	921908844	5,562	$1.1M	0.34%
59	ADVANCED MICRO DEVICES INC COM	AMD	7,983	$1.1M	0.33%
60	SCHWAB U.S. SMALL-CAP ETF	808524607	43,502	$1.1M	0.33%
61	SPDR EURO STOXX 50 ETF	78463X202	18,404	$1.1M	0.32%
62	BANK AMERICA CORP COM	060505104	22,791	$1.1M	0.32%
63	VISA INC COM CL A	V	2,620	$930,246	0.27%
64	DIMENSIONAL U.S. CORE EQUITY 2 ETF	25434V708	25,497	$913,823	0.27%
65	SCHWAB U.S. REIT ETF	808524847	43,047	$910,875	0.27%
66	CONSUMER STAPLES SELECT SECTOR SPDR FUND	81369Y308	11,199	$906,772	0.27%
67	NETFLIX INC COM	NFLX	659	$882,487	0.26%
68	VANGUARD FTSE EMERGING MARKETS ETF	922042858	17,770	$878,911	0.26%
69	HOME DEPOT INC COM	HD	2,379	$872,418	0.26%
70	LOCKHEED MARTIN CORP COM	LMT	1,843	$853,580	0.25%
71	AMGEN INC COM	AMGN	3,056	$853,355	0.25%
72	ISHARES IBONDS DEC 2031 TERM CORPORATE ETF	46436E486	39,388	$828,724	0.24%
73	ISHARES IBONDS DEC 2032 TERM CORPORATE ETF	46436E312	32,548	$822,971	0.24%
74	JOHNSON & JOHNSON COM	JNJ	5,374	$820,941	0.24%
75	AVANTIS U.S. MID CAP EQUITY ETF	025072125	11,911	$788,389	0.23%
76	VANGUARD SHORT-TERM BOND ETF	921937827	9,963	$784,072	0.23%
77	SCHWAB US AGGREGATE BOND ETF	808524839	33,721	$783,681	0.23%
78	ISHARES SHORT DURATION HIGH YIELD MUNI ACTIVE ETF	BLK	34,635	$772,707	0.23%
79	VANGUARD HIGH DIVIDEND YIELD INDEX ETF	921946406	5,652	$753,440	0.22%
80	DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF	25434V799	22,962	$713,889	0.21%
81	DIMENSIONAL GLOBAL CORE PLUS FIXED INCOME ETF	25434V583	12,824	$698,780	0.21%
82	ISHARES SILVER TRUST	SLV	21,265	$697,705	0.21%
83	VANGUARD HEALTH CARE ETF	92204A504	2,795	$694,232	0.21%
84	ISHARES CORE S&P SMALL CAP ETF	464287804	6,325	$691,280	0.20%
85	BLACKSTONE INC COM	BX	4,383	$655,609	0.19%
86	ISHARES IBONDS DEC 2030 TERM CORPORATE ETF	46436E726	29,435	$646,981	0.19%
87	COSTCO WHSL CORP NEW COM	22160K105	628	$621,413	0.18%
88	VANGUARD ULTRA-SHORT BOND ETF	92203C303	12,431	$619,872	0.18%
89	INVESCO QQQ TRUST SERIES I	IVZ	1,097	$604,935	0.18%
90	SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF	78464A474	19,814	$598,192	0.18%
91	SPDR S&P 500 ETF TRUST	SPY	964	$595,821	0.18%
92	SCHWAB US TIPS ETF	808524870	22,293	$594,777	0.18%
93	ISHARES S&P 500 GROWTH ETF	464287309	5,352	$589,255	0.17%
94	INTERNATIONAL BUSINESS MACHS COM	INTR	1,948	$574,110	0.17%
95	DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF	25434V203	15,883	$549,075	0.16%
96	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF	46641Q654	10,767	$548,256	0.16%
97	ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF	464287242	4,983	$546,235	0.16%
98	ISHARES CORE MSCI EAFE ETF	46432F842	6,342	$529,422	0.16%
99	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	5,208	$516,634	0.15%
100	ISHARES S&P 500 VALUE ETF	464287408	2,590	$506,174	0.15%
101	ALPHABET INC CAP STK CL C	GOOG	2,839	$503,639	0.15%
102	ISHARES IBONDS DEC 2029 TERM CORPORATE ETF	46436E205	21,086	$491,936	0.15%
103	INTUIT COM	INTU	608	$478,879	0.14%
104	BLACKROCK INC COM	BLK	436	$457,333	0.14%
105	SCHWAB EMERGING MARKETS EQUITY ETF	808524706	14,873	$448,277	0.13%
106	CATERPILLAR INC COM	CAT	1,133	$439,683	0.13%
107	ISHARES MSCI EAFE ETF	464287465	4,885	$436,670	0.13%
108	INVESCO S&P 500 LOW VOLATILITY ETF	IVZ	5,958	$433,862	0.13%
109	EXXON MOBIL CORP COM	XOM	3,796	$409,222	0.12%
110	CONSTELLATION ENERGY CORP COM	CEG	1,261	$407,107	0.12%
111	INVESCO BULLETSHARES 2031 MUNICIPAL BOND ETF	IVZ	19,704	$406,296	0.12%
112	ISHARES IBONDS DEC 2034 TERM CORPORATE ETF	46438G653	15,159	$396,105	0.12%
113	WISDOMTREE U.S. TOTAL DIVIDEND FUND	WT	4,934	$392,352	0.12%
114	ENERGY SELECT SECTOR SPDR FUND	81369Y506	4,558	$386,568	0.11%
115	WELLS FARGO CO NEW COM	949746101	4,720	$378,149	0.11%
116	DISNEY WALT CO COM	254687106	3,011	$373,394	0.11%
117	ACCENTURE PLC IRELAND SHS CLASS A	ACN	1,219	$364,347	0.11%
118	SALESFORCE INC COM	CRM	1,298	$354,077	0.10%
119	ISHARES IBONDS DEC 2033 TERM CORPORATE ETF	46436E130	13,658	$353,811	0.10%
120	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	78464A805	4,712	$352,892	0.10%
121	FINANCIAL SELECT SECTOR SPDR FUND	81369Y605	6,651	$348,291	0.10%
122	ISHARES CORE S&P MID-CAP ETF	464287507	5,605	$347,600	0.10%
123	DIMENSIONAL U.S. EQUITY MARKET ETF	25434V401	5,163	$346,024	0.10%
124	PGIM GLOBAL HIGH YIELD FD FORM COM	69346J106	25,764	$345,495	0.10%
125	BOEING CO COM	BA-PA	1,595	$334,200	0.10%
126	ISHARES IBONDS DEC 2027 TERM CORPORATE ETF	46435UAA9	13,097	$317,864	0.09%
127	ISHARES IBONDS DEC 2026 TERM CORPORATE ETF	46435GAA0	12,855	$311,734	0.09%
128	ISHARES MSCI GLOBAL ENERGY PRODUCERS ETF	464286343	13,065	$309,837	0.09%
129	ISHARES U.S. TECHNOLOGY ETF	464287721	1,760	$304,955	0.09%
130	SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF	78468R408	11,565	$294,676	0.09%
131	ADOBE INC COM	ADBE	757	$292,868	0.09%
132	STARBUCKS CORP COM	SBUX	3,185	$291,842	0.09%
133	PROCTER AND GAMBLE CO COM	742718109	1,821	$290,201	0.09%
134	PALO ALTO NETWORKS INC COM	PANW	1,377	$281,789	0.08%
135	YUM BRANDS INC COM	YUM	1,825	$270,429	0.08%
136	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	921946794	3,345	$267,968	0.08%
137	WALMART INC COM	WMT	2,739	$267,847	0.08%
138	DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF	25434V633	5,386	$265,422	0.08%
139	AVANTIS U.S. LARGE CAP VALUE ETF	025072349	3,827	$261,040	0.08%
140	SCHWAB SHORT-TERM US TREASURY ETF	808524862	10,615	$258,786	0.08%
141	ABBVIE INC COM	ABBV	1,379	$256,063	0.08%
142	PFIZER INC COM	PFE	10,468	$253,740	0.07%
143	ISHARES SELECT U.S. REIT ETF	464287564	4,120	$251,979	0.07%
144	UTILITIES SELECT SECTOR SPDR FUND	81369Y886	3,048	$248,900	0.07%
145	ISHARES IBONDS DEC 2028 TERM CORPORATE ETF	46435U515	9,532	$242,303	0.07%
146	ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF	464288638	4,518	$240,764	0.07%
147	JPMORGAN SHORT DURATION CORE PLUS ETF	46641Q274	4,909	$232,883	0.07%
148	GOLDMAN SACHS GROUP INC COM	GSCE	328	$232,142	0.07%
149	ISHARES TIPS BOND ETF	464287176	2,070	$227,783	0.07%
150	INTEL CORP COM	INTC	9,989	$223,748	0.07%
151	ORTHOFIX MED INC COM	OFIX	20,000	$223,000	0.07%
152	ORACLE CORP COM	ORCL-PD	1,008	$220,379	0.07%
153	AMERICAN EXPRESS CO COM	AXP	688	$219,454	0.06%
154	FEDEX CORP COM	FDX	965	$219,354	0.06%
155	INTUITIVE SURGICAL INC COM NEW	ISRG	397	$215,734	0.06%
156	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	463	$204,021	0.06%
157	INVESCO BULLETSHARES 2030 MUNICIPAL BOND ETF	IVZ	9,381	$201,692	0.06%
158	REGENERON PHARMACEUTICALS COM	REGN	384	$201,600	0.06%
159	JPMORGAN INFLATION MANAGED BOND ETF	46654Q104	4,152	$200,329	0.06%
160	ALPHATEC HLDGS INC COM NEW	ATEC	15,000	$166,500	0.05%
161	IMMUNOPRECISE ANTIBODIES LTD COM NEW	45257F200	26,808	$28,416	0.01%
162	UR-ENERGY INC COM	URG	10,000	$10,500	0.00%