# PALO ALTO WEALTH ADVISORS, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1964382. Source: https://holderbook.com/funds/1964382-palo-alto-wealth-advisors-llc/

- Reported value: $343.3M
- Positions: 64
- Weight of the ten largest: 81.9%
- Filed: 2025-11-12

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $117.2M | 401,695 | 34.1% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $55.4M | 190,266 | 16.1% | 12 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $24.7M | 125,685 | 7.2% | 12 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $21.2M | 236,775 | 6.2% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.0M | 82,950 | 4.7% | 12 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $11.6M | 114,061 | 3.4% | 12 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $10.1M | 239,540 | 2.9% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.0M | 32,493 | 2.6% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.3M | 16,310 | 2.4% | 12 |
| JOHN HANCOCK EXCHANGE TRADED | [JHMM](https://holderbook.com/stocks/JHMM/) | $7.5M | 115,901 | 2.2% | 12 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $6.5M | 128,580 | 1.9% | 12 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $5.7M | 112,526 | 1.7% | 8 |
| AMERICAN CENTY ETF TR | [AVMC](https://holderbook.com/stocks/AVMC/) | $4.8M | 68,650 | 1.4% | 2 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $4.6M | 12,232 | 1.3% | 12 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $4.5M | 5,280 | 1.3% | 5 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $4.4M | 97,842 | 1.3% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.9M | 11,478 | 0.8% | 12 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $2.4M | 12,073 | 0.7% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.9M | 5,331 | 0.5% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.8M | 2,705 | 0.5% | 12 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $1.4M | 10,756 | 0.4% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.4M | 4,290 | 0.4% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.1M | 2,607 | 0.3% | 12 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.0M | 5,343 | 0.3% | 4 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $920.2K | 4,205 | 0.3% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $904.9K | 1,443 | 0.3% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $848.8K | 1,237 | 0.2% | 12 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $798.4K | 6,676 | 0.2% | 12 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $743.7K | 14,123 | 0.2% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $717.5K | 726 | 0.2% | 4 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $683.8K | 8,490 | 0.2% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $659.6K | 7,047 | 0.2% | 12 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $643.8K | 9,855 | 0.2% | 1 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $587.1K | 21,890 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $528.2K | 1,573 | 0.2% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $517.6K | 2,119 | 0.2% | 12 |
| AMERICAN CENTY ETF TR | [AVLC](https://holderbook.com/stocks/AVLC/) | $510.1K | 6,525 | 0.1% | 1 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $497.7K | 5,278 | 0.1% | 12 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $496.9K | 1,707 | 0.1% | 4 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $479.3K | 2,765 | 0.1% | 12 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $478.1K | 590 | 0.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $460.4K | 741 | 0.1% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $423.8K | 6,866 | 0.1% | 8 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $388.2K | 3,133 | 0.1% | 1 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $384.4K | 7,541 | 0.1% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $374.5K | 7,867 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $369.9K | 1,760 | 0.1% | 12 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $335.3K | 955 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $315.6K | 503 | 0.1% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $306.7K | 1,582 | 0.1% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $293.1K | 1,241 | 0.1% | 12 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $291.5K | 377 | 0.1% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $284.1K | 250 | 0.1% | 3 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $269.5K | 3,088 | 0.1% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $267.4K | 538 | 0.1% | 1 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $251.8K | 2,942 | 0.1% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $246.6K | 1,038 | 0.1% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $244.2K | 4,553 | 0.1% | 1 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $241.8K | 1,616 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $231.4K | 1,932 | 0.1% | 1 |
| GOLDMAN SACHS PHYSICAL GOLD | [AAAU](https://holderbook.com/stocks/AAAU/) | $228.3K | 5,600 | 0.1% | 1 |
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $225.5K | 4,485 | 0.1% | 5 |
| BLACKROCK ETF TRUST II | [INMU](https://holderbook.com/stocks/INMU/) | $210.7K | 8,725 | 0.1% | 5 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $201.0K | 1,349 | 0.1% | 1 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | +19.7% | +7.8% | +11.9% | 100% |
| Q2 2025 | +12.6% | +10.5% | +2.2% | 95% |
| Q1 2025 | -11.3% | -4.6% | -6.7% | 100% |
| Q4 2024 | +6.0% | +2.1% | +3.9% | 100% |
| Q3 2024 | +3.5% | +5.4% | -1.9% | 100% |
| Q2 2024 | +3.8% | +4.0% | -0.2% | 100% |
| Q1 2024 | +6.7% | +10.0% | -3.3% | 100% |
| Q4 2023 | +10.4% | +11.2% | -0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $343.3M | 64 |
| Q2 2025 | $264.3M | 55 |
| Q1 2025 | $256.4M | 52 |
| Q4 2024 | $285.0M | 51 |
| Q3 2024 | $241.6M | 50 |
| Q2 2024 | $144.7M | 42 |
| Q1 2024 | $141.8M | 42 |
| Q4 2023 | $132.3M | 38 |
| Q3 2023 | $119.8M | 39 |
| Q2 2023 | $125.3M | 39 |
| Q1 2023 | $124.8M | 41 |
| Q4 2022 | $117.3M | 43 |