Institutional Manager · CIK 0001433541

ASPIRIANT, LLC

San Francisco, CA · File #028-13064

Latest AUM

$3.48B

Positions

319

Top-10 Concentration

71.7%

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
ADD	ISHARES TR	464287200	+29,480	+$20.2M	+$9.4M
ADD	VANGUARD INDEX FDS	922908611	+93,408	+$19.8M	+$4.7M
ADD	VANGUARD INDEX FDS	922908363	+22,992	+$14.4M	+$2.3M
ADD	VANGUARD MUN BD FDS	922907746	+179,816	+$9.0M	+$907,313
ADD	FIDELITY MERRIMACK STR TR	316188309	+187,987	+$8.7M	-$109,501
NEW	ISHARES TR	46435G326	+102,726	+$8.5M	$0
ADD	ISHARES TR	46432F842	+76,404	+$6.8M	+$1.8M
ADD	VANGUARD TAX-MANAGED FDS	921943858	+101,044	+$6.3M	+$350,540
ADD	ISHARES TR	464288570	+41,352	+$5.3M	+$38,863
ADD	ISHARES TR	464287507	+78,978	+$5.2M	+$43,507

Sector Allocation

3.9%$136.1M

1.4%$47.1M

0.5%$16.3M

0.4%$15.5M

Consumer Discretionary

0.4%$13.9M

Communication Services

0.3%$9.0M

0.2%$6.2M

0.1%$4.9M

0.0%$639,547

0.0%$389,569

0.0%$306,359

Filing History

Jan 20, 202613F HOLDINGS REPORTQ/E Dec 2025319 pos · $3.48B
Oct 24, 202513F HOLDINGS REPORTQ/E Sep 2025297 pos · $3.27B
Jul 29, 202513F HOLDINGS REPORTQ/E Jun 2025309 pos · $3.15B
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 2025288 pos · $2.88B
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 2024288 pos · $2.77B
Oct 17, 202413F HOLDINGS REPORTQ/E Sep 2024292 pos · $2.64B
Jul 15, 202413F HOLDINGS REPORTQ/E Jun 2024281 pos · $2.45B
Apr 15, 202413F HOLDINGS REPORTQ/E Mar 2024317 pos · $2.42B
Oct 18, 202313F HOLDINGS REPORTQ/E Dec 2023282 pos · $1.95B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	627,909	$430.1M	14.00%
2	ISHARES TR	464287663	3,582,196	$367.3M	11.96%
3	VANGUARD INDEX FDS	922908611	1,620,708	$343.2M	11.17%
4	ISHARES INC	464286525	2,406,100	$285.7M	9.30%
5	VANGUARD MUN BD FDS	922907746	4,304,051	$216.5M	7.05%
6	VANGUARD SPECIALIZED FUNDS	921908844	954,027	$209.7M	6.83%
7	VANGUARD INDEX FDS	922908363	180,170	$113.0M	3.68%
8	ISHARES TR	46432F842	915,576	$81.9M	2.67%
9	ISHARES TR	464288877	1,090,928	$77.9M	2.54%
10	APPLE INC	AAPL	283,200	$77.0M	2.51%
11	ISHARES INC	46434G103	1,052,887	$70.8M	2.30%
12	ISHARES TR	464287622	114,328	$42.7M	1.39%
13	SPDR S&P 500 ETF TR	SPY	59,832	$40.8M	1.33%
14	VANGUARD BD INDEX FDS	921937835	526,032	$39.0M	1.27%
15	BERKSHIRE HATHAWAY INC DEL	BRK-A	68,717	$34.5M	1.12%
16	FIDELITY MERRIMACK STR TR	316188309	735,702	$33.9M	1.10%
17	DIMENSIONAL ETF TRUST	25434V724	718,099	$33.5M	1.09%
18	ISHARES TR	464288414	302,809	$32.4M	1.06%
19	VANGUARD INDEX FDS	922908769	94,392	$31.6M	1.03%
20	ISHARES TR	464289867	481,329	$31.3M	1.02%