# Adero Partners, LLC

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1800593. Source: https://holderbook.com/funds/1800593-adero-partners-llc/

- Reported value: $1.5B
- Positions: 259
- Weight of the ten largest: 63.5%
- Filed: 2025-04-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $233.6M | 7,048,482 | 15.3% | 13 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $174.0M | 6,458,111 | 11.4% | 13 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $153.3M | 1,659,169 | 10.0% | 20 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $80.9M | 1,220,027 | 5.3% | 18 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $74.4M | 3,131,148 | 4.9% | 12 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $60.8M | 1,010,464 | 4.0% | 18 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $53.6M | 1,623,446 | 3.5% | 16 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $48.0M | 4,682,782 | 3.1% | 12 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $47.1M | 788,381 | 3.1% | 16 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $44.4M | 242,823 | 2.9% | 17 |
| CCC INTELLIGENT SOLUTIONS HL | [CCC](https://holderbook.com/stocks/CCC/) | $44.2M | 4,890,424 | 2.9% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $30.0M | 134,925 | 2.0% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $27.3M | 251,619 | 1.8% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $23.5M | 150,364 | 1.5% | 22 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $23.2M | 158,448 | 1.5% | 17 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $23.1M | 232,573 | 1.5% | 17 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $20.2M | 563,186 | 1.3% | 10 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $19.8M | 566,520 | 1.3% | 10 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $18.5M | 280,522 | 1.2% | 15 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $17.0M | 280,530 | 1.1% | 16 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $14.6M | 283,406 | 1.0% | 16 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $14.1M | 27,530 | 0.9% | 20 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $13.4M | 183,365 | 0.9% | 21 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $12.1M | 21,080 | 0.8% | 22 |
| MANAGER DIRECTED PORTFOLIOS | [VGSR](https://holderbook.com/stocks/VGSR/) | $10.2M | 1,007,618 | 0.7% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $9.6M | 25,609 | 0.6% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.2M | 14,690 | 0.5% | 22 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $7.8M | 164,515 | 0.5% | 15 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $7.2M | 181,577 | 0.5% | 19 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $7.1M | 210,308 | 0.5% | 10 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $6.6M | 210,492 | 0.4% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.2M | 39,967 | 0.4% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.7M | 29,816 | 0.4% | 22 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $5.6M | 21,909 | 0.4% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.9M | 18,813 | 0.3% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.8M | 19,747 | 0.3% | 19 |
| CERIDIAN HCM HLDG INC | [DAY](https://holderbook.com/stocks/DAY/) | $4.6M | 79,292 | 0.3% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.0M | 7,590 | 0.3% | 18 |
| RLX TECHNOLOGY INC | [RLX](https://holderbook.com/stocks/RLX/) | $3.9M | 2,061,263 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.8M | 13,717 | 0.2% | 20 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $3.5M | 59,825 | 0.2% | 16 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $3.3M | 53,613 | 0.2% | 19 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $3.3M | 44,153 | 0.2% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.2M | 4 | 0.2% | 1 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $3.2M | 39,138 | 0.2% | 19 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $3.1M | 26,340 | 0.2% | 14 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $3.1M | 43,279 | 0.2% | 17 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.1M | 23,104 | 0.2% | 17 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.0M | 15,053 | 0.2% | 22 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $2.8M | 72,093 | 0.2% | 15 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.8M | 3,458 | 0.2% | 14 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.7M | 15,746 | 0.2% | 19 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.6M | 33,673 | 0.2% | 22 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $2.5M | 7,604 | 0.2% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $2.4M | 21,074 | 0.2% | 17 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.4M | 8,780 | 0.2% | 18 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.3M | 4,923 | 0.2% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 13,487 | 0.1% | 22 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $2.2M | 29,808 | 0.1% | 22 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.2M | 6,281 | 0.1% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.0M | 10,795 | 0.1% | 22 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $1.9M | 74,190 | 0.1% | 12 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.9M | 21,019 | 0.1% | 22 |
| LYFT INC | [LYFT](https://holderbook.com/stocks/LYFT/) | $1.8M | 154,044 | 0.1% | 17 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.8M | 22,874 | 0.1% | 22 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $1.7M | 41,280 | 0.1% | 12 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.7M | 12,630 | 0.1% | 22 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.5M | 4,991 | 0.1% | 22 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 4,188 | 0.1% | 20 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.5M | 66,265 | 0.1% | 22 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.4M | 2,635 | 0.1% | 14 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.4M | 2,256 | 0.1% | 17 |
| LIGHTSPEED COMMERCE INC | [LSPD](https://holderbook.com/stocks/LSPD/) | $1.4M | 158,131 | 0.1% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.3M | 5,140 | 0.1% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 2,399 | 0.1% | 11 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.3M | 3,568 | 0.1% | 22 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $1.3M | 7,302 | 0.1% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.3M | 1,341 | 0.1% | 9 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $1.2M | 17,252 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.2M | 5,579 | 0.1% | 13 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.2M | 7,236 | 0.1% | 14 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.1M | 8,452 | 0.1% | 17 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.1M | 6,654 | 0.1% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.1M | 21,709 | 0.1% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.1M | 6,377 | 0.1% | 17 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 14,804 | 0.1% | 10 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $1.1M | 9,466 | 0.1% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.0M | 1,270 | 0.1% | 13 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $962.2K | 7,092 | 0.1% | 22 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $941.8K | 996 | 0.1% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $929.4K | 2,536 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $914.7K | 5,310 | 0.1% | 22 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $876.0K | 1,642 | 0.1% | 22 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $867.6K | 8,445 | 0.1% | 14 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $854.2K | 10,121 | 0.1% | 17 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $843.4K | 1,501 | 0.1% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $798.4K | 9,094 | 0.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $784.9K | 6,599 | 0.1% | 12 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $770.2K | 1,470 | 0.1% | 18 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $766.5K | 7,829 | 0.1% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | -0.7% | +2.1% | -2.8% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |
| Q2 2024 | -0.2% | +4.0% | -4.2% | 100% |
| Q1 2024 | +8.6% | +10.0% | -1.4% | 100% |
| Q4 2023 | +10.8% | +11.2% | -0.4% | 101% |
| Q3 2023 | -2.5% | -3.6% | +1.1% | 100% |
| Q2 2023 | +8.7% | +8.3% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $1.5B | 259 |
| Q4 2024 | $1.6B | 262 |
| Q3 2024 | $1.5B | 240 |
| Q2 2024 | $1.4B | 218 |
| Q1 2024 | $1.3B | 204 |
| Q4 2023 | $1.2B | 192 |
| Q3 2023 | $1.0B | 182 |
| Q2 2023 | $1.0B | 165 |
| Q1 2023 | $912.3M | 162 |
| Q4 2022 | $830.4M | 161 |
| Q3 2022 | $791.4M | 154 |
| Q2 2022 | $705.1M | 150 |