Institutional Manager · CIK 0001374889

Ballentine Partners, LLC

Waltham, MA · File #028-12011

Latest AUM

$7.12B

Positions

2,428

Top-10 Concentration

73.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	SPDR S&P 500 ETF TR	SPY	-227,808	-$155.3M	+$3.6M
REDUCE	ISHARES TR	464287507	-1,170,194	-$77.2M	+$866,171
REDUCE	VANGUARD SPECIALIZED FUNDS	921908844	-192,582	-$42.3M	+$769,880
REDUCE	AMAZON COM INC	AMZN	-161,303	-$37.2M	+$1.8M
REDUCE	ISHARES TR	464287150	-213,386	-$31.7M	+$10.5M
REDUCE	BROADCOM INC	AVGO	-88,867	-$30.8M	+$1.5M
REDUCE	ISHARES TR	464287614	-55,155	-$26.1M	+$271,319
REDUCE	JPMORGAN CHASE & CO.	VYLD	-65,968	-$21.3M	+$461,076
REDUCE	APPLE INC	AAPL	-77,499	-$21.1M	+$1.3M
NEW	CIRCLE INTERNET GROUP INC	CRCL	+231,437	+$18.4M	$0

Sector Allocation

Technology

6.7%$473.5M

Financials

1.9%$136.9M

Healthcare

1.6%$115.8M

Consumer Discretionary

1.6%$111.6M

Industrials

1.1%$75.3M

Communication Services

1.0%$69.5M

0.5%$36.3M

0.4%$29.0M

0.4%$27.1M

0.2%$12.3M

0.1%$11.2M

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 20252,428 pos · $7.12B
Nov 3, 202513F HOLDINGS REPORTQ/E Sep 20252,270 pos · $7.20B
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 20252,278 pos · $6.64B
May 1, 202513F HOLDINGS REPORTQ/E Mar 20251,776 pos · $5.77B
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 20241,943 pos · $5.84B
Oct 23, 202413F HOLDINGS REPORTQ/E Sep 20241,674 pos · $5.85B
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 20241,569 pos · $5.41B
Apr 11, 202413F HOLDINGS REPORTQ/E Mar 20241,548 pos · $5.27B
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 20231,389 pos · $4.25B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908769	5,655,879	$1.90B	32.07%
2	ISHARES TR	46432F842	6,395,496	$572.1M	9.68%
3	ISHARES TR	464287150	3,233,771	$480.8M	8.13%
4	VANGUARD TAX-MANAGED FDS	921943858	4,925,596	$307.7M	5.20%
5	ISHARES INC	46434G103	4,062,003	$273.0M	4.62%
6	ISHARES TR	464287200	365,708	$250.5M	4.24%
7	SPDR S&P 500 ETF TR	SPY	227,310	$155.0M	2.62%
8	VANGUARD INTL EQUITY INDEX F	922042858	2,788,986	$149.9M	2.54%
9	ISHARES TR	464288372	2,375,510	$145.8M	2.47%
10	VANGUARD INDEX FDS	922908553	1,506,199	$133.3M	2.25%
11	VANGUARD INDEX FDS	922908637	389,642	$122.7M	2.07%
12	SCHWAB STRATEGIC TR	808524102	3,209,293	$84.2M	1.42%
13	NVIDIA CORPORATION	NVDA	424,216	$79.1M	1.34%
14	ISHARES TR	464287622	209,813	$78.4M	1.33%
15	ISHARES TR	464287507	1,172,920	$77.4M	1.31%
16	APPLE INC	AAPL	277,273	$75.4M	1.27%
17	MICROSOFT CORP	MSFT	154,568	$74.8M	1.26%
18	VANGUARD INTL EQUITY INDEX F	922042676	1,514,722	$69.4M	1.17%
19	VANGUARD INDEX FDS	922908363	102,794	$64.5M	1.09%
20	ISHARES TR	464287689	131,695	$50.9M	0.86%