# Five Pine Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2041807. Source: https://holderbook.com/funds/2041807-five-pine-wealth-management/

- Reported value: $176.7M
- Positions: 51
- Weight of the ten largest: 73.2%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $24.5M | 333,233 | 13.8% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $23.2M | 276,897 | 13.1% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $16.4M | 190,059 | 9.3% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $13.5M | 62,151 | 7.7% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $12.4M | 17,992 | 7.0% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $10.9M | 185,298 | 6.2% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $9.7M | 31,990 | 5.5% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.9M | 18,684 | 3.9% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $6.0M | 123,153 | 3.4% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $5.9M | 73,466 | 3.3% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $5.9M | 72,969 | 3.3% | 7 |
| VANGUARD SCOTTSDALE FDS | [BNDW](https://holderbook.com/stocks/BNDW/) | $5.5M | 80,901 | 3.1% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $3.8M | 104,768 | 2.2% | 7 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $3.7M | 14,888 | 2.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.9M | 36,716 | 1.6% | 7 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.5M | 33,480 | 1.4% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [BUFD](https://holderbook.com/stocks/BUFD/) | $2.4M | 81,452 | 1.4% | 7 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $2.2M | 23,460 | 1.2% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.0M | 20,633 | 1.1% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.9M | 11,799 | 1.0% | 7 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $1.7M | 22,713 | 1.0% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $1.6M | 27,541 | 0.9% | 7 |
| ISHARES U S ETF TR | [MEAR](https://holderbook.com/stocks/MEAR/) | $1.4M | 27,151 | 0.8% | 7 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.1M | 30,382 | 0.6% | 7 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $713.9K | 13,984 | 0.4% | 7 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $512.9K | 5,087 | 0.3% | 5 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $510.6K | 5,571 | 0.3% | 7 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $477.2K | 3,609 | 0.3% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $460.6K | 492 | 0.3% | 7 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $401.1K | 4,158 | 0.2% | 7 |
| FIRST TR EXCHNG TRADED FD VI | [YSEP](https://holderbook.com/stocks/YSEP/) | $390.2K | 14,167 | 0.2% | 7 |
| INNOVATOR ETFS TRUST | [ZFEB](https://holderbook.com/stocks/ZFEB/) | $387.4K | 14,907 | 0.2% | 2 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $340.5K | 4,121 | 0.2% | 2 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $328.9K | 14,207 | 0.2% | 7 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $318.0K | 3,862 | 0.2% | 7 |
| NORTHERN LTS FD TR IV | [BIBL](https://holderbook.com/stocks/BIBL/) | $311.3K | 5,379 | 0.2% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $285.5K | 756 | 0.2% | 4 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $280.3K | 3,279 | 0.2% | 2 |
| FIRST TR EXCHNG TRADED FD VI | [DJUL](https://holderbook.com/stocks/DJUL/) | $276.1K | 5,507 | 0.2% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $254.0K | 4,256 | 0.1% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [ACYN](https://holderbook.com/stocks/ACYN/) | $251.7K | 12,105 | 0.1% | 1 |
| INNOVATOR ETFS TRUST | [ZAPR](https://holderbook.com/stocks/ZAPR/) | $249.1K | 9,350 | 0.1% | 1 |
| INNOVATOR ETFS TRUST | [ZMAR](https://holderbook.com/stocks/ZMAR/) | $235.1K | 8,332 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $233.4K | 638 | 0.1% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $232.7K | 202 | 0.1% | 1 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $225.3K | 1,919 | 0.1% | 2 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $224.8K | 4,205 | 0.1% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [ROBT](https://holderbook.com/stocks/ROBT/) | $207.9K | 3,696 | 0.1% | 1 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $207.3K | 2,111 | 0.1% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $205.5K | 274 | 0.1% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $203.4K | 545 | 0.1% | 7 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +8.1% | +14.8% | -6.7% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +5.2% | +7.8% | -2.7% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.7% | 100% |
| Q1 2025 | -0.9% | -4.6% | +3.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $176.7M | 51 |
| Q1 2026 | $160.9M | 47 |
| Q4 2025 | $155.9M | 42 |
| Q3 2025 | $147.9M | 42 |
| Q2 2025 | $135.1M | 40 |
| Q1 2025 | $122.8M | 38 |
| Q4 2024 | $118.6M | 40 |