— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Robertson Stephens Wealth Management, LLC

455 MARKET STREET SUITE 1450, SAN FRANCISCO, CA 94105-2442 • (415) 500-6835

Q4 2025 · Filed 2026-02-02
Market Value
$3.5B
+7.1%
Holdings
644
+74
New Purchases
118
Added To
310
Closed
22
Reduced
141
Top 10 Concentration
37.9%
Turnover
21.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 1.73% 0.52% +1.21% $61M
BBUS 2.75% 1.70% +1.06% $98M
AAPL 3.91% 3.16% +0.74% $139M
GOOG 1.20% 0.64% +0.56% $43M
JPM 0.90% 0.37% +0.53% $32M
AVEM 0.51% 0.00% +0.51% $18M
AXON 0.32% 0.00% +0.32% $11M
GSUS 1.28% 0.98% +0.30% $45M
LLY 0.45% 0.15% +0.29% $16M
AGG 1.61% 1.34% +0.27% $57M
XLK 0.86% 0.60% +0.26% $30M
BX 0.29% 0.04% +0.24% $10M
GLD 0.74% 0.51% +0.24% $26M
GSK 0.23% 0.00% +0.23% $8M
ABBV 0.41% 0.20% +0.20% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VIG 0.00% 4.37% -4.37% $0
SPY 1.61% 5.68% -4.07% $57M
APP 7.43% 8.50% -1.06% $263M
VGK 0.00% 1.02% -1.02% $0
BRK-B 0.37% 0.77% -0.40% $13M
VOO 7.33% 7.56% -0.23% $260M
IVV 3.49% 3.71% -0.21% $124M
MINT 0.09% 0.27% -0.18% $3M
VTI 1.59% 1.78% -0.18% $57M
UUUU 0.69% 0.87% -0.18% $24M
VUG 0.53% 0.69% -0.15% $19M
BLK 0.00% 0.12% -0.12% $0
JEPQ 0.00% 0.09% -0.09% $0
XLF 0.55% 0.64% -0.09% $20M
ITOT 0.54% 0.62% -0.08% $19M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 75.3%
Technology 11.3%
Communication Services 2.8%
Healthcare 2.8%
Consumer Cyclical 2.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 67 $1.4B 38.7%
Large Cap 361 $1.7B 47.2%
Mid Cap 126 $358M 10.1%
Small Cap 65 $126M 3.6%
Micro Cap 25 $15M 0.4%

Portfolio Analytics

Avg Market Cap
$126.9B
Median Market Cap
$24.5B
Avg P/E
34.3
Median P/E
24.5
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
334
# ETFs / Funds
310

Top Holdings (644 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 APP 7.43% 390,989 $263M $673.82 -$18M -326 -0.1%
2 VOO 7.33% 414,081 $260M $627.13 $9M +6,684 +1.6%
3 AAPL 3.91% 509,692 $139M $271.86 $34M +98,421 +23.9%
4 VEA 3.81% 2,162,844 $135M $62.47 $12M +115,839 +5.7%
5 IVV 3.49% 180,777 $124M $684.94 $1M -2,430 -1.3%
6 BBUS 2.75% 791,483 $98M $123.31 $41M +326,521 +70.2%
7 IEMG 2.64% 1,390,070 $93M $67.22 $9M +105,443 +8.2%
8 VCIT 2.49% 1,055,148 $88M $83.75 $6M +69,950 +7.1%
9 MSFT 2.29% 167,483 $81M $483.62 $11M +32,064 +23.7%
10 NVDA 1.73% 327,941 $61M $186.50 $44M +235,712 +255.6%
11 AGG 1.61% 572,621 $57M $99.88 $13M +129,129 +29.1%
12 SPY 1.61% 83,226 $57M $683.91 -$131M -198,491 -70.5%
13 VTI 1.59% 168,543 $57M $335.27 -$2M -10,278 -5.8%
14 IEFA 1.38% 546,724 $49M $89.46 $8M +76,392 +16.2%
15 GSUS 1.28% 478,806 $45M $94.40 $13M +129,116 +36.9%
16 GOOG 1.20% 135,778 $43M $313.80 $22M +49,182 +56.8%
17 AMZN 1.09% 166,935 $39M $230.82 $8M +29,660 +21.6%
18 IWF 1.07% 80,272 $38M $473.30 $107K -609 -0.8%
19 IWB 0.90% 85,154 $32M $373.44 $557K -330 -0.4%
20 JPM 0.90% 98,645 $32M $322.22 $20M +60,095 +155.9%
21 XLK 0.86% 211,272 $30M $143.97 $11M +141,351 +202.2%
22 RSP 0.84% 156,253 $30M $191.56 $854K +2,970 +1.9%
23 DFAC 0.81% 724,680 $29M $39.59 $531K -5,403 -0.7%
24 GLD 0.74% 66,232 $26M $396.31 $10M +19,214 +40.9%
25 VGT 0.73% 34,331 $26M $753.78 -$9K -340 -1.0%
26 QQQ 0.71% 41,245 $25M $614.32 $3M +4,713 +12.9%
27 VTV 0.69% 128,907 $25M $190.99 $531K +384 +0.3%
28 UUUU 0.69% 1,678,236 $24M $14.54 -$4M -191,806 -10.3%
29 GOOGL 0.66% 75,151 $24M $313.00 $7M +8,736 +13.2%
30 XLC 0.61% 184,052 $22M $117.72 $1M +12,804 +7.5%
31 DGRO 0.60% 306,679 $21M $69.42 $171K -3,521 -1.1%
32 XLI 0.58% 133,494 $21M $155.12 $673K +3,595 +2.8%
33 XLF 0.55% 356,161 $20M $54.77 -$2M -34,360 -8.8%
34 ITOT 0.54% 128,450 $19M $148.69 -$1M -12,058 -8.6%
35 VUG 0.53% 38,624 $19M $487.86 -$4M -8,625 -18.2%
36 IWR 0.52% 191,416 $18M $96.27 $2M +24,176 +14.5%
37 AVEM 0.51% 234,831 $18M $77.02 +234,831 NEW
38 BGC 0.51% 2,005,576 $18M $8.93 $3M +386,709 +23.9%
39 SCHG 0.49% 534,351 $17M $32.62 $8M +234,851 +78.4%
40 EFV 0.48% 238,239 $17M $71.41 $952K +1,467 +0.6%
41 GSIE 0.47% 387,081 $17M $42.94 $785K +1,869 +0.5%
42 COST 0.45% 18,689 $16M $862.36 -$716K +505 +2.8%
43 LLY 0.45% 14,744 $16M $1,074.74 $11M +8,053 +120.4%
44 ABBV 0.41% 63,218 $14M $228.49 $8M +34,246 +118.2%
45 DFAX 0.40% 430,790 $14M $32.73 $2M +49,103 +12.9%
46 PFF 0.39% 444,960 $14M $30.96 -$432K -4,384 -1.0%
47 MUB 0.39% 128,103 $14M $107.11 $1M +10,037 +8.5%
48 GBIL 0.39% 136,656 $14M $100.29 -$169K -1,762 -1.3%
49 VGIT 0.38% 226,749 $14M $59.93 -$928K -15,078 -6.2%
50 BRK-B 0.37% 26,430 $13M $502.66 -$12M -24,275 -47.9%
51 IJH 0.37% 201,258 $13M $66.00 $253K +1,597 +0.8%
52 HYLB 0.37% 360,556 $13M $36.83 -$952K -22,920 -6.0%
53 VOT 0.37% 46,551 $13M $279.14 -$403K +1,018 +2.2%
54 MOAT 0.36% 124,895 $13M $103.56 $569K +135 +0.1%
55 META 0.36% 19,540 $13M $660.10 $7M +11,325 +137.9%
56 CAT 0.36% 22,475 $13M $572.88 $7M +10,406 +86.2%
57 USIG 0.36% 245,962 $13M $51.77 $297K +7,806 +3.3%
58 PAVE 0.35% 258,026 $12M $48.12 $711K +12,292 +5.0%
59 VT 0.35% 87,139 $12M $141.06 $5M +31,519 +56.7%
60 AVGO 0.34% 35,164 $12M $346.11 $3M +6,553 +22.9%
61 IBDU 0.34% 513,648 $12M $23.41 $1M +44,829 +9.6%
62 IWM 0.32% 46,299 $11M $246.16 $1M +3,528 +8.2%
63 V 0.32% 32,387 $11M $350.72 $2M +5,245 +19.3%
64 HEZU 0.32% 258,993 $11M $43.76 $4M +79,586 +44.4%
65 AXON 0.32% 19,832 $11M $567.94 +19,832 NEW
66 IJR 0.30% 89,195 $11M $120.18 $229K +912 +1.0%
67 VYM 0.30% 74,502 $11M $143.52 -$368K -3,966 -5.0%
68 DFAT 0.30% 176,755 $11M $59.54 $226K -155 -0.1%
69 VCSH 0.29% 130,975 $10M $79.73 $97K +1,541 +1.2%
70 BX 0.29% 65,849 $10M $154.14 $9M +57,381 +677.6%
71 SII 0.28% 102,552 $10M $97.92 $201K -15,743 -13.3%
72 SGOV 0.28% 99,662 $10M $100.38 -$693K -6,568 -6.2%
73 MRK 0.28% 92,165 $10M $106.09 $7M +61,239 +198.0%
74 BBEU 0.27% 132,352 $10M $73.30 $418K -1,009 -0.8%
75 GOVT 0.27% 419,429 $10M $23.03 $14K +2,348 +0.6%
76 AXP 0.27% 25,974 $10M $369.96 $7M +17,789 +217.3%
77 GSAT 0.27% 153,964 $9M $61.04 $4M +19,127 +14.2%
78 VBK 0.26% 30,650 $9M $302.12 $787K +2,223 +7.8%
79 XLU 0.25% 211,651 $9M $42.69 $2M +127,033 +150.1%
80 QCOM 0.25% 52,032 $9M $171.05 $6M +36,646 +238.2%
81 VWO 0.25% 164,223 $9M $53.76 -$609K -9,966 -5.7%
82 SUSL 0.25% 72,632 $9M $121.27 $1M +8,474 +13.2%
83 VFH 0.25% 65,790 $9M $133.49 $914K +5,839 +9.7%
84 ESGD 0.25% 92,276 $9M $95.09 $2M +21,237 +29.9%
85 EFA 0.24% 90,239 $9M $96.03 $454K +2,295 +2.6%
86 IXJ 0.24% 87,002 $8M $97.40 $2M +17,686 +25.5%
87 OEF 0.24% 24,354 $8M $342.97 $541K +886 +3.8%
88 DFUS 0.23% 110,906 $8M $74.17 -$716K -12,528 -10.2%
89 RTX 0.23% 44,778 $8M $183.40 $4M +20,039 +81.0%
90 IVW 0.23% 65,885 $8M $123.26 -$12K -1,487 -2.2%
91 WMT 0.23% 72,593 $8M $111.65 $246K -3,663 -4.8%
92 GSK 0.23% 161,662 $8M $49.47 +161,662 NEW
93 AMGN 0.22% 24,220 $8M $327.32 $7M +20,185 +500.2%
94 IBTJ 0.22% 348,128 $8M $21.95 $941K +43,013 +14.1%
95 XLV 0.21% 48,713 $8M $154.80 $3M +12,885 +36.0%
96 HD 0.21% 21,891 $8M $344.11 -$158K +2,910 +15.3%
97 IVE 0.20% 33,898 $7M $212.07 $632K +2,148 +6.8%
98 NFLX 0.20% 74,090 $7M $93.76 -$2M +66,851 +923.5%
99 NMRK 0.19% 397,408 $7M $17.34 $845K +73,239 +22.6%
100 ORCL 0.19% 34,615 $7M $194.91 $5M +29,963 +644.1%

Options Breakdown

11 Calls $143M Call Value 6 Puts $146M Put Value 1.02 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 206,200 $141M NEW
GSAT 15,000 $916K NEW
AI 29,700 $457K NEW
PFE 5,400 $134K NEW
VNDA 12,000 $106K NEW
SNAP 10,800 $87K NEW
SLV 1,000 $64K NEW
WRAP 21,000 $50K NEW
MSOX 10,800 $48K NEW
CRON 14,000 $37K NEW

Top Puts

SymbolSharesValueStatus
SPY 211,400 $144M NEW
TWLO 6,100 $868K NEW
RKT 21,300 $412K NEW
XLF 5,000 $274K NEW
NVDA 1,000 $186K NEW
VNDA 18,000 $159K NEW

New Positions

SymbolValue% Port
AVEM $18M 0.51%
AXON $11M 0.32%
GSK $8M 0.23%
GBDC $4M 0.10%
VOOG $4M 0.10%
JIVE $3M 0.08%
VIRT $2M 0.07%
MSGS $2M 0.06%
STZ $2M 0.06%
WY $2M 0.05%
LAZ $2M 0.05%
TIP $2M 0.05%
BOXX $2M 0.05%
CHKP $1M 0.04%
ITA $1M 0.03%

Sold Out Positions

SymbolValue% Port
TSLX —%
ARE —%
OMF —%
BLK —%
KVUE —%
UL —%
ETV —%
NVO —%
JCI —%
SYY —%
TTE —%
PPG —%
JEPQ —%
FLEX —%
CTSH —%
View SEC EDGAR Filings for Robertson Stephens Wealth Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms