Institutional Manager · CIK 0001767307

Robertson Stephens Wealth Management, LLC

San Francisco, CA · File #028-19136

Latest AUM

$3.84B

Positions

654

Top-10 Concentration

56.2%

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
EXITED	VANGUARD SPECIALIZED FUNDS	921908844	-667,622	-$144.6M	$0
REDUCE	SPDR S&P 500 ETF TR	SPY	-70,317	-$48.0M	+$4.3M
ADD	J P MORGAN EXCHANGE TRADED F	46641Q399	+326,521	+$40.3M	+$1.2M
EXITED	VANGUARD INTL EQUITY INDEX F	922042874	-424,618	-$33.9M	$0
ADD	APPLE INC	AAPL	+98,421	+$26.8M	+$7.1M
REDUCE	SELECT SECTOR SPDR TR	81369Y605	-385,521	-$21.1M	+$351,457
ADD	SELECT SECTOR SPDR TR	81369Y803	+141,351	+$20.4M	-$9.6M
ADD	JPMORGAN CHASE & CO.	VYLD	+60,095	+$19.4M	+$261,676
NEW	AMERICAN CENTY ETF TR	025072604	+234,831	+$18.1M	$0
REDUCE	NVIDIA CORPORATION	NVDA	-91,229	-$17.0M	-$8,342

Sector Allocation

Technology

8.9%$341.7M

Communication Services

7.9%$301.9M

Financials

4.4%$170.2M

Healthcare

2.1%$81.1M

Consumer Discretionary

1.9%$71.1M

1.3%$51.1M

0.9%$35.3M

0.6%$22.8M

0.3%$11.5M

0.1%$4.3M

0.1%$2.8M

Filing History

Feb 2, 202613F HOLDINGS REPORTQ/E Dec 2025654 pos · $3.84B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025530 pos · $3.31B
Jul 24, 202513F HOLDINGS REPORTQ/E Jun 2025550 pos · $3.14B
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 2025544 pos · $2.91B
Jan 27, 202513F HOLDINGS REPORTQ/E Dec 2024557 pos · $2.82B
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024619 pos · $2.76B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024491 pos · $1.99B
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024490 pos · $1.89B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023442 pos · $1.48B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLOVIN CORP	APP	390,989	$263.5M	9.97%
2	VANGUARD INDEX FDS	922908363	414,081	$259.7M	9.83%
3	SPDR S&P 500 ETF TR	SPY	211,400	$144.2M	5.46%
4	SPDR S&P 500 ETF TR	SPY	206,200	$140.6M	5.32%
5	APPLE INC	AAPL	509,692	$138.6M	5.25%
6	VANGUARD TAX-MANAGED FDS	921943858	2,162,844	$135.1M	5.11%
7	ISHARES TR	464287200	180,777	$123.8M	4.69%
8	J P MORGAN EXCHANGE TRADED F	46641Q399	791,483	$97.6M	3.69%
9	ISHARES INC	46434G103	1,390,070	$93.4M	3.54%
10	VANGUARD SCOTTSDALE FDS	92206C870	1,055,148	$88.4M	3.35%
11	MICROSOFT CORP	MSFT	167,483	$81.0M	3.07%
12	NVIDIA CORPORATION	NVDA	327,941	$61.2M	2.32%
13	ISHARES TR	464287226	572,621	$57.2M	2.16%
14	SPDR S&P 500 ETF TR	SPY	83,226	$56.9M	2.15%
15	VANGUARD INDEX FDS	922908769	168,543	$56.5M	2.14%
16	ISHARES TR	46432F842	546,724	$48.9M	1.85%
17	GOLDMAN SACHS ETF TR	NVGLF	478,806	$45.2M	1.71%
18	ALPHABET INC	GOOG	135,778	$42.6M	1.61%
19	AMAZON COM INC	AMZN	166,935	$38.5M	1.46%
20	ISHARES TR	464287614	80,272	$38.0M	1.44%