Managers / Q2 2025 · view latest →
White Lighthouse Investment Management Inc.
CIK 0001727593 · 5 DUTTON LANE, BEDFORD, MA, 01730 · 5084714431
Reported Value
$615M
Q2 2025
Positions
138
Filings on Record
30
2019–present window
Filed
Jul 30, 2025
original filing
Summary
White Lighthouse Investment Management Inc. reported $615M in U.S.-listed holdings across 138 positions for Q2 2025.
The portfolio is heavily concentrated: VUG alone accounts for 28.0% of reported value.
Compared with Q1 2025, the fund opened 8 new positions and exited 3.
Portfolio Metrics
Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+88.8%
share of reported value
Largest Position
+28.0%
Vanguard Index Fds
New / Exited
8 / 3
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- ETP · 93.7% · $576M
- Common Stock · 5.7% · $35M
- ADR · 0.6% · $3M
- REIT · 0.1% · $324,143
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AZNNASTRAZENECA PLC | NEW | +32.7K | 32.7K | +$2M | $2M |
| NFLXNETFLIX INC | NEW | +205 | 205 | +$274,522 | $274,522 |
| ORCLORACLE CORP | NEW | +1.2K | 1.2K | +$271,538 | $271,538 |
| VBKVANGUARD INDEX FDS | NEW | +807 | 807 | +$223,591 | $223,591 |
| EFAISHARES TR | NEW | +2.5K | 2.5K | +$222,134 | $222,134 |
| RINGISHARES INC | NEW | +4.7K | 4.7K | +$207,430 | $207,430 |
| AMPAMERIPRISE FINL INC | NEW | +388 | 388 | +$207,087 | $207,087 |
| IEFAISHARES TR | NEW | +2.4K | 2.4K | +$201,604 | $201,604 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
67 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VUGVANGUARD INDEX FDS | GROWTH ETF · VALUE ETF · S&P 500 ETF SHS · SM CP VAL ETF · REAL ESTATE ETF · SMALL CP ETF · MID CAP ETF · TOTAL STK MKT · MCAP GR IDXVIP · MCAP VL IDXVIP · LARGE CAP ETF · SML CP GRW ETF | 27.95% | $172M | 569.5K |
| 2 | SHVISHARES TR | SHORT TREAS BD · CORE MSCI TOTAL · RUS 1000 GRW ETF · EXPND TEC SC ETF · SELECT DIVID ETF · CORE TOTAL USD · NATIONAL MUN ETF · ESG AWR MSCI USA · CORE S&P US GWT · S&P SML 600 GWT · ESG AW MSCI EAFE · GLOB HLTHCRE ETF · ESG MSCI KLD 400 · ISHARES BIOTECH · CORE S&P500 ETF · SHRT NAT MUN ETF · SELECT US REIT · ISHS 1-5YR INVS · CORE S&P SCP ETF · MSCI USA QLT FCT · JPMORGAN USD EMG · MSCI USA MMENTM · ISHARES SEMICDTR · RUS MD CP GR ETF · ULTRA SHORT DUR · IBOXX HI YD ETF · ESG OPTIMIZED · GL CLEAN ENE ETF · CORE US AGGBD ET · MSCI EAFE ETF · CORE MSCI EAFE | 17.06% | $105M | 995.1K |
| 3 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · EM MK GOV BD ETF | 10.01% | $62M | 467.8K |
| 4 | VCSHVANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD · INT-TERM CORP · LG-TERM COR BD · SHORT TERM TREAS · VNG RUS1000GRW | 8.65% | $53M | 680.9K |
| 5 | VGTVANGUARD WORLD FD | INF TECH ETF · HEALTH CAR ETF · ESG INTL STK ETF · ESG US STK ETF · UTILITIES ETF · CONSUM DIS ETF · COMM SRVC ETF · FINANCIALS ETF · MEGA GRWTH IND · ESG US CORP BD | 7.80% | $48M | 232.7K |
| 6 | VXUSVANGUARD STAR FDShistory → | VG TL INTL STK F | 6.34% | $39M | 564.2K |
| 7 | BNDVANGUARD BD INDEX FDS | TOTAL BND MRKT · SHORT TRM BOND · INTERMED TERM · LONG TERM BOND | 6.00% | $37M | 491.8K |
| 8 | IAUISHARES GOLD TRhistory → | ISHARES NEW | 2.13% | $13M | 209.5K |
| 9 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.73% | $11M | 51.8K |
| 10 | SCHDSCHWAB STRATEGIC TR | US DIVIDEND EQ · US TIPS ETF · US LCAP GR ETF · INTL SCEQT ETF · INTL EQTY ETF · SHT TM US TRES | 1.11% | $7M | 254.2K |
| 11 | AAPLAPPLE INC | COM | 0.98% | $6M | 29.2K |
| 12 | VTIPVANGUARD MALVERN FDS | STRM INFPROIDX | 0.95% | $6M | 115.7K |
| 13 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.82% | $5M | 9.1K |
| 14 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · ALLWRLD EX US · FTSE EUROPE ETF · FTSE PACIFIC ETF | 0.76% | $5M | 75.6K |
| 15 | MSFTMICROSOFT CORP | COM | 0.55% | $3M | 6.8K |
| 16 | AMZNAMAZON COM INC | COM | 0.52% | $3M | 14.5K |
| 17 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.40% | $2M | 4.0K |
| 18 | AZNNASTRAZENECA PLC | SPONSORED ADR | 0.37% | $2M | 32.7K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.34% | $2M | 4.3K |
| 20 | GLDSPDR GOLD TR | GOLD SHS | 0.33% | $2M | 6.6K |
| 21 | WMTWALMART INC | COM | 0.33% | $2M | 20.5K |
| 22 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.32% | $2M | 11.1K |
| 23 | PMPHILIP MORRIS INTL INC | COM | 0.31% | $2M | 10.5K |
| 24 | BILSPDR SERIES TRUST | BLOOMBERG HIGH Y · BLOOMBERG 1-3 MO · PRTFLO S&P500 GW | 0.30% | $2M | 18.9K |
| 25 | VEAVANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.24% | $1M | 25.9K |
| 26 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.22% | $1M | 27.3K |
| 27 | NULGNUSHARES ETF TR | NUVEEN ESG LRGCP · NUVEEN ESG SMLCP | 0.21% | $1M | 22.3K |
| 28 | BTIBRITISH AMERN TOB PLC | SPONSORED ADR | 0.18% | $1M | 23.9K |
| 29 | ETFS GOLD TR | PHYSCL GOLD SHS | 0.18% | $1M | 35.6K |
| 30 | JNJJOHNSON & JOHNSON | COM | 0.17% | $1M | 6.8K |
| 31 | CATCATERPILLAR INC | COM | 0.16% | $986,473 | 2.5K |
| 32 | AMGNAMGEN INC | COM | 0.16% | $954,668 | 3.4K |
| 33 | ESGEISHARES INC | ESG AWR MSCI EM · MSCI GBL GOLD MN | 0.14% | $870,825 | 21.7K |
| 34 | PGPROCTER AND GAMBLE CO | COM | 0.13% | $808,599 | 5.1K |
| 35 | SOSOUTHERN CO | COM | 0.12% | $753,465 | 8.2K |
| 36 | AFRMAFFIRM HLDGS INC | COM CL A | 0.12% | $742,840 | 10.7K |
| 37 | MARMARRIOTT INTL INC NEW | CL A | 0.10% | $637,945 | 2.3K |
| 38 | EWEDWARDS LIFESCIENCES CORP | COM | 0.10% | $636,749 | 8.1K |
| 39 | GDXVANECK ETF TRUST | GOLD MINERS ETF | 0.10% | $628,786 | 12.1K |
| 40 | AVGOBROADCOM INC | COM | 0.10% | $608,176 | 2.2K |
| 41 | UNHUNITEDHEALTH GROUP INC | COM | 0.10% | $589,311 | 1.9K |
| 42 | GLOBAL X FTSE GREECE 20 ETF | COMMON | 0.09% | $578,659 | 10.0K |
| 43 | JPMJPMORGAN CHASE & CO. | COM | 0.09% | $554,088 | 1.9K |
| 44 | MOALTRIA GROUP INC | COM | 0.09% | $550,576 | 9.4K |
| 45 | NVDANVIDIA CORPORATION | COM | 0.09% | $536,788 | 3.4K |
| 46 | XLKSELECT SECTOR SPDR TR | TECHNOLOGY | 0.08% | $485,695 | 1.9K |
| 47 | CSCOCISCO SYS INC | COM | 0.07% | $460,683 | 6.6K |
| 48 | BNDXVANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 0.07% | $427,621 | 8.6K |
| 49 | MRKMERCK & CO INC | COM | 0.06% | $351,246 | 4.4K |
| 50 | EXMOCEXXON MOBIL CORP | COM | 0.05% | $333,671 | 3.1K |
| 51 | NLYANNALY CAPITAL MANAGEMENT IN | COM NEW | 0.05% | $324,143 | 17.2K |
| 52 | HDHOME DEPOT INC | COM | 0.05% | $311,964 | 851 |
| 53 | COSTCOSTCO WHSL CORP NEW | COM | 0.05% | $292,211 | 295 |
| 54 | ASMLFASML HOLDING N V | N Y REGISTRY SHS | 0.05% | $286,096 | 357 |
| 55 | NFLXNETFLIX INC | COM | 0.04% | $274,522 | 205 |
| 56 | ORCLORACLE CORP | COM | 0.04% | $271,538 | 1.2K |
| 57 | PANWPALO ALTO NETWORKS INC | COM | 0.04% | $270,125 | 1.3K |
| 58 | SPGIS&P GLOBAL INC | COM | 0.04% | $266,281 | 505 |
| 59 | LMTLOCKHEED MARTIN CORP | COM | 0.04% | $265,608 | 573 |
| 60 | MDTMEDTRONIC PLC | SHS | 0.04% | $251,663 | 2.9K |
| 61 | UNPUNION PAC CORP | COM | 0.04% | $248,947 | 1.1K |
| 62 | ISRGINTUITIVE SURGICAL INC | COM NEW | 0.04% | $247,795 | 456 |
| 63 | CVXCHEVRON CORP NEW | COM | 0.04% | $237,889 | 1.7K |
| 64 | DEDEERE & CO | COM | 0.04% | $236,448 | 465 |
| 65 | PEPPEPSICO INC | COM | 0.04% | $232,624 | 1.8K |
| 66 | AMPAMERIPRISE FINL INC | COM | 0.03% | $207,087 | 388 |
| 67 | PDBCINVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 0.03% | $193,514 | 14.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $721M | 145 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $716M | 150 | Feb 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $656M | 139 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $615M | 138 | Jul 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $560M | 133 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $569M | 133 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $557M | 131 | Oct 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $518M | 121 | Jul 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $492M | 120 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $457M | 121 | Jan 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $412M | 118 | Oct 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $419M | 115 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $397M | 113 | Apr 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $368M | 114 | Jan 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $343M | 105 | Oct 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $349M | 108 | Jul 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $393M | 115 | Apr 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $401M | 114 | Jan 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $373M | 115 | Oct 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $365M | 121 | Jul 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $327M | 116 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $313M | 113 | Feb 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $289M | 112 | Oct 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $272M | 110 | Jul 23, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $239M | 108 | Apr 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $273M | 131 | Jan 24, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $248M | 130 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $240M | 126 | Jul 31, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $218M | 123 | May 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $182M | 109 | Jan 23, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.