13F HOLDINGS REPORT

Gradient Capital Advisors, LLC

Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0001727917-25-000011

Total Value

$373.1M

Positions

167

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (167)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES CORE S&P 500 ETF	464287200	52,496	$35.1M	9.42%
2	APPLE INC COM	AAPL	73,530	$18.7M	5.02%
3	SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF	78463X889	334,841	$14.3M	3.84%
4	VANGUARD SHORT-TERM CORPORATE BOND ETF	92206C409	160,084	$12.8M	3.43%
5	DIMENSIONAL SHORT-DURATION FIXED INCOME ETF	25434V864	222,452	$10.7M	2.87%
6	SCHWAB INTERNATIONAL EQUITY ETF	808524805	454,186	$10.6M	2.83%
7	SCHWAB U.S. MID-CAP ETF	808524508	321,516	$9.5M	2.55%
8	VANGUARD LARGE-CAP ETF	922908637	26,998	$8.3M	2.23%
9	DIMENSIONAL U.S. TARGETED VALUE ETF	25434V609	140,382	$8.2M	2.19%
10	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF	922020805	154,502	$7.8M	2.10%
11	MICROSOFT CORP COM	MSFT	14,715	$7.6M	2.04%
12	JPMORGAN CHASE & CO. COM	VYLD	23,978	$7.6M	2.03%
13	SCHWAB U.S. LARGE-CAP ETF	808524201	279,777	$7.4M	1.98%
14	DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF	25434V732	227,460	$7.3M	1.96%
15	TESLA INC COM	TSLA	16,120	$7.2M	1.92%
16	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	107,607	$6.4M	1.73%
17	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	126,281	$6.4M	1.72%
18	NVIDIA CORPORATION COM	NVDA	33,809	$6.3M	1.69%
19	DIMENSIONAL US MARKETWIDE VALUE ETF	25434V724	132,726	$5.9M	1.59%
20	DIMENSIONAL US SMALL CAP VALUE ETF	25434V815	180,376	$5.7M	1.54%
21	ALPHABET INC CAP STK CL A	GOOG	22,825	$5.5M	1.49%
22	META PLATFORMS INC CL A	META	6,746	$5.0M	1.33%
23	DIMENSIONAL US REAL ESTATE ETF	25434V823	203,008	$4.8M	1.30%
24	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	9,422	$4.7M	1.27%
25	DIMENSIONAL GLOBAL CORE PLUS FIXED INCOME ETF	25434V583	84,557	$4.7M	1.26%
26	VANGUARD S&P 500 ETF	922908363	7,455	$4.6M	1.22%
27	DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF	25434V880	141,465	$4.4M	1.19%
28	VANGUARD MID-CAP ETF	922908629	14,964	$4.4M	1.18%
29	ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF	464288646	82,861	$4.4M	1.18%
30	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	59,580	$4.4M	1.17%
31	VANGUARD GROWTH ETF	922908736	9,031	$4.3M	1.16%
32	BROADCOM INC COM	AVGO	12,298	$4.1M	1.09%
33	SCHWAB US DIVIDEND EQUITY ETF	808524797	144,612	$3.9M	1.06%
34	VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF	922042676	79,208	$3.8M	1.01%
35	DIMENSIONAL US LARGE CAP VALUE ETF	25434V666	111,513	$3.7M	0.98%
36	VANGUARD SMALL-CAP ETF	922908751	13,307	$3.4M	0.91%
37	SPDR GOLD SHARES	GLD	9,487	$3.4M	0.90%
38	DIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF	25434V781	93,509	$3.3M	0.89%
39	SPDR BLOOMBERG 3-12 MONTH T-BILL ETF	78468R523	31,136	$3.1M	0.83%
40	LAM RESEARCH CORP COM NEW	LRCX	21,935	$2.9M	0.79%
41	VANGUARD SMALL CAP VALUE ETF	922908611	11,556	$2.4M	0.65%
42	SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST	GLDW	30,220	$2.3M	0.62%
43	AMAZON COM INC COM	AMZN	10,220	$2.2M	0.60%
44	VANGUARD VALUE ETF	922908744	11,125	$2.1M	0.56%
45	DIMENSIONAL EMERGING CORE EQUITY MARKET ETF	25434V302	65,623	$2.1M	0.55%
46	AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	025072802	22,356	$2.0M	0.53%
47	SCHWAB U.S. BROAD MARKET ETF	808524102	76,314	$2.0M	0.53%
48	WP CAREY INC COM	92936U109	28,200	$1.9M	0.51%
49	VANGUARD REAL ESTATE ETF	922908553	17,659	$1.6M	0.43%
50	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	22,385	$1.6M	0.43%
51	CISCO SYS INC COM	CSCO	23,321	$1.6M	0.43%
52	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	5,543	$1.5M	0.41%
53	CHEVRON CORP NEW COM	CVX	9,531	$1.5M	0.40%
54	ISHARES RUSSELL 2000 ETF	464287655	6,014	$1.5M	0.39%
55	VANGUARD TOTAL STOCK MARKET ETF	922908769	4,162	$1.4M	0.37%
56	AVANTIS U.S. SMALL CAP VALUE ETF	025072877	13,493	$1.3M	0.36%
57	QUALCOMM INC COM	QCOM	7,664	$1.3M	0.34%
58	ADVANCED MICRO DEVICES INC COM	AMD	7,870	$1.3M	0.34%
59	SCHWAB U.S. LARGE-CAP VALUE ETF	808524409	42,697	$1.2M	0.33%
60	SCHWAB U.S. SMALL-CAP ETF	808524607	43,265	$1.2M	0.32%
61	VANGUARD DIVIDEND APPRECIATION ETF	921908844	5,592	$1.2M	0.32%
62	BANK AMERICA CORP COM	060505104	22,059	$1.1M	0.31%
63	SPDR EURO STOXX 50 ETF	78463X202	18,181	$1.1M	0.30%
64	ISHARES SILVER TRUST	SLV	25,513	$1.1M	0.29%
65	AVANTIS U.S. MID CAP EQUITY ETF	025072125	15,423	$1.1M	0.29%
66	JOHNSON & JOHNSON COM	JNJ	5,424	$1.0M	0.27%
67	HOME DEPOT INC COM	HD	2,383	$965,665	0.26%
68	DIMENSIONAL U.S. CORE EQUITY 2 ETF	25434V708	24,530	$946,103	0.25%
69	INVESCO QQQ TRUST SERIES I	IVZ	1,542	$925,631	0.25%
70	LOCKHEED MARTIN CORP COM	LMT	1,821	$908,901	0.24%
71	SCHWAB U.S. REIT ETF	808524847	42,015	$906,264	0.24%
72	VISA INC COM CL A	V	2,651	$905,032	0.24%
73	AMGEN INC COM	AMGN	3,086	$870,789	0.23%
74	CONSUMER STAPLES SELECT SECTOR SPDR FUND	81369Y308	11,050	$866,005	0.23%
75	COSTCO WHSL CORP NEW COM	22160K105	934	$864,600	0.23%
76	ISHARES IBONDS DEC 2032 TERM CORPORATE ETF	46436E312	32,637	$836,160	0.22%
77	ISHARES IBONDS DEC 2031 TERM CORPORATE ETF	46436E486	39,388	$835,813	0.22%
78	VANGUARD FTSE EMERGING MARKETS ETF	922042858	15,294	$828,613	0.22%
79	NETFLIX INC COM	NFLX	670	$803,276	0.22%
80	VANGUARD HIGH DIVIDEND YIELD INDEX ETF	921946406	5,372	$757,226	0.20%
81	DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF	25434V799	22,962	$752,924	0.20%
82	ISHARES CORE S&P SMALL CAP ETF	464287804	6,327	$751,793	0.20%
83	BLACKSTONE INC COM	BX	4,390	$750,032	0.20%
84	SCHWAB US AGGREGATE BOND ETF	808524839	31,134	$730,721	0.20%
85	VANGUARD SHORT-TERM BOND ETF	921937827	9,255	$730,284	0.20%
86	VANGUARD HEALTH CARE ETF	92204A504	2,688	$697,800	0.19%
87	ALPHABET INC CAP STK CL C	GOOG	2,818	$686,404	0.18%
88	ISHARES IBONDS DEC 2030 TERM CORPORATE ETF	46436E726	29,435	$651,985	0.17%
89	BANK NEW YORK MELLON CORP COM	064058100	5,961	$649,511	0.17%
90	ISHARES S&P 500 GROWTH ETF	464287309	5,352	$646,093	0.17%
91	SPDR S&P 500 ETF TRUST	SPY	964	$642,437	0.17%
92	VANGUARD ULTRA-SHORT BOND ETF	92203C303	12,216	$610,739	0.16%
93	SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF	78464A474	19,923	$603,482	0.16%
94	DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF	25434V203	15,771	$573,276	0.15%
95	INTERNATIONAL BUSINESS MACHS COM	INTR	2,004	$565,407	0.15%
96	SCHWAB US TIPS ETF	808524870	20,818	$561,045	0.15%
97	ISHARES CORE MSCI EAFE ETF	46432F842	6,342	$553,711	0.15%
98	ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF	464287242	4,947	$551,459	0.15%
99	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF	46641Q654	10,767	$549,548	0.15%
100	CATERPILLAR INC COM	CAT	1,125	$536,644	0.14%
101	ISHARES S&P 500 VALUE ETF	464287408	2,590	$534,958	0.14%
102	BLACKROCK INC COM	BLK	439	$511,826	0.14%
103	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	5,093	$510,573	0.14%
104	ISHARES IBONDS DEC 2029 TERM CORPORATE ETF	46436E205	21,086	$494,888	0.13%
105	SCHWAB EMERGING MARKETS EQUITY ETF	808524706	14,730	$491,546	0.13%
106	INTUIT COM	INTU	712	$486,232	0.13%
107	ISHARES MSCI EAFE ETF	464287465	4,885	$456,112	0.12%
108	ISHARES IBONDS DEC 2034 TERM CORPORATE ETF	46438G653	16,847	$445,940	0.12%
109	INVESCO S&P 500 LOW VOLATILITY ETF	IVZ	6,040	$443,819	0.12%
110	EXXON MOBIL CORP COM	XOM	3,828	$431,611	0.12%
111	CONSTELLATION ENERGY CORP COM	CEG	1,264	$416,075	0.11%
112	WISDOMTREE U.S. TOTAL DIVIDEND FUND	WT	4,934	$414,456	0.11%
113	INVESCO BULLETSHARES 2031 MUNICIPAL BOND ETF	IVZ	19,704	$413,981	0.11%
114	FINANCIAL SELECT SECTOR SPDR FUND	81369Y605	7,561	$407,327	0.11%
115	WELLS FARGO CO NEW COM	949746101	4,771	$399,913	0.11%
116	SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF	78464A805	4,712	$380,056	0.10%
117	DIMENSIONAL U.S. EQUITY MARKET ETF	25434V401	5,184	$375,529	0.10%
118	ISHARES CORE S&P MID-CAP ETF	464287507	5,605	$365,759	0.10%
119	ISHARES IBONDS DEC 2033 TERM CORPORATE ETF	46436E130	13,658	$358,249	0.10%
120	BOEING CO COM	BA-PA	1,617	$348,997	0.09%
121	DISNEY WALT CO COM	254687106	3,040	$348,080	0.09%
122	ISHARES U.S. TECHNOLOGY ETF	464287721	1,760	$344,714	0.09%
123	PGIM GLOBAL HIGH YIELD FD FORM COM	69346J106	25,764	$331,840	0.09%
124	ISHARES MSCI GLOBAL ENERGY PRODUCERS ETF	464286343	13,065	$327,734	0.09%
125	PFIZER INC COM	PFE	12,804	$326,238	0.09%
126	ABBVIE INC COM	ABBV	1,407	$325,759	0.09%
127	TECHNOLOGY SELECT SECTOR SPDR FUND	81369Y803	1,140	$321,320	0.09%
128	ISHARES IBONDS DEC 2027 TERM CORPORATE ETF	46435UAA9	13,097	$318,781	0.09%
129	INTEL CORP COM	INTC	9,484	$318,179	0.09%
130	ISHARES IBONDS DEC 2026 TERM CORPORATE ETF	46435GAA0	12,855	$312,377	0.08%
131	SALESFORCE INC COM	CRM	1,275	$302,073	0.08%
132	ACCENTURE PLC IRELAND SHS CLASS A	ACN	1,224	$301,838	0.08%
133	SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF	78468R408	11,565	$296,064	0.08%
134	PALANTIR TECHNOLOGIES INC CL A	PLTR	1,616	$294,791	0.08%
135	ORTHOFIX MED INC COM	OFIX	20,000	$292,800	0.08%
136	ORACLE CORP COM	ORCL-PD	1,030	$289,677	0.08%
137	WALMART INC COM	WMT	2,806	$289,216	0.08%
138	PROCTER AND GAMBLE CO COM	742718109	1,852	$284,510	0.08%
139	SCHWAB SHORT-TERM US TREASURY ETF	808524862	11,650	$284,259	0.08%
140	PALO ALTO NETWORKS INC COM	PANW	1,387	$282,421	0.08%
141	ENERGY SELECT SECTOR SPDR FUND	81369Y506	3,085	$275,617	0.07%
142	STARBUCKS CORP COM	SBUX	3,200	$270,720	0.07%
143	DIMENSIONAL CALIFORNIA MUNICIPAL BOND ETF	25434V633	5,386	$268,357	0.07%
144	UTILITIES SELECT SECTOR SPDR FUND	81369Y886	3,048	$265,816	0.07%
145	AVANTIS U.S. LARGE CAP VALUE ETF	025072349	3,653	$263,966	0.07%
146	GOLDMAN SACHS GROUP INC COM	GSCE	330	$262,796	0.07%
147	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	921946794	3,033	$256,834	0.07%
148	ISHARES SELECT U.S. REIT ETF	464287564	4,120	$253,874	0.07%
149	ISHARES IBONDS DEC 2028 TERM CORPORATE ETF	46435U515	9,532	$243,257	0.07%
150	ADOBE INC COM	ADBE	682	$240,576	0.06%
151	JPMORGAN SHORT DURATION CORE PLUS ETF	46641Q274	4,909	$233,717	0.06%
152	YUM BRANDS INC COM	YUM	1,529	$232,408	0.06%
153	AMERICAN EXPRESS CO COM	AXP	695	$230,806	0.06%
154	ISHARES TIPS BOND ETF	464287176	2,070	$230,225	0.06%
155	FEDEX CORP COM	FDX	965	$227,557	0.06%
156	ISHARES MICRO-CAP ETF	464288869	1,510	$225,126	0.06%
157	ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF	464288638	4,141	$223,987	0.06%
158	REGENERON PHARMACEUTICALS COM	REGN	385	$216,474	0.06%
159	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	463	$214,712	0.06%
160	TJX COS INC NEW COM	872540109	1,484	$214,497	0.06%
161	SPDR S&P REGIONAL BANKING ETF	78464A698	3,322	$210,275	0.06%
162	RTX CORPORATION COM	RTX	1,253	$209,664	0.06%
163	SOUTHERN CO COM	SOMN	2,180	$206,557	0.06%
164	INVESCO BULLETSHARES 2030 MUNICIPAL BOND ETF	IVZ	9,381	$205,632	0.06%
165	MINDWALK HOLDINGS CORP COM	HYFT	26,808	$46,914	0.01%
166	AMC ENTMT HLDGS INC CL A NEW	00165C302	10,004	$29,012	0.01%
167	UR-ENERGY INC COM	URG	10,000	$17,900	0.00%