SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Adero Partners, LLC

CIK 0001800593 · 5000 HOPYARD ROAD, SUITE 460, PLEASANTON, CA, 94588 · 650-252-0550

Reported Value
$96M
Q2 2020
Positions
75
Filings on Record
22
2019–present window
Filed
Jul 14, 2020
original filing

Summary

Adero Partners, LLC reported $96M in U.S.-listed holdings across 75 positions for Q2 2020.

Its largest position, Vanguard Index Fds, represents 15.4% of the portfolio.

Compared with Q1 2020, the fund opened 15 new positions and exited 12.

Portfolio Metrics

Turnover
+5.3%
vs prior filed quarter
Top-10 Concentration
+61.4%
share of reported value
Largest Position
+15.4%
Vanguard Index Fds
New / Exited
15 / 12
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. 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
Q4 ’19: $89MQ4 ’19Q1 ’20: $60MQ2 ’20: $96MQ3 ’20: $125MQ3 ’20Q4 ’20: $117MQ1 ’21: $224MQ2 ’21: $432MQ2 ’21Q3 ’21: $555MQ4 ’21: $610MQ1 ’22: $680MQ1 ’22Q2 ’22: $705MQ3 ’22: $791MQ4 ’22: $830MQ4 ’22Q1 ’23: $912MQ2 ’23: $1.0BQ3 ’23: $1.0BQ3 ’23Q4 ’23: $1.2BQ1 ’24: $1.3BQ2 ’24: $1.4BQ2 ’24Q3 ’24: $1.5BQ4 ’24: $1.6BQ1 ’25: $1.5BQ1 ’25filingsflow.com

Portfolio Composition

By security type
ETP: 61.2%Common Stock: 34.0%ADR: 4.7%Other: 0.0%
  • ETP · 61.2% · $59M
  • Common Stock · 34.0% · $33M
  • ADR · 4.7% · $5M
  • Other · 0.0% · $32,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INDEX FDSNEW+52.3K52.3K+$15M$15M
TWLOTWILIO INCNEW+32.4K32.4K+$7M$7M
BABAALIBABA GROUP HLDG LTDNEW+21.0K21.0K+$5M$5M
ISHARES TRNEW+7.6K7.6K+$435,000$435,000
BABOEING CONEW+2.1K2.1K+$381,000$381,000
RTXRAYTHEON TECHNOLOGIES CORPNEW+5.7K5.7K+$348,000$348,000
AMERICAN CENTY ETF TRNEW+5.7K5.7K+$286,000$286,000
DOCUDOCUSIGN INCNEW+1.5K1.5K+$253,000$253,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF · EXTEND MKT ETF23.20%$22M146.3K
2INVESCO EXCH TRADED FD TR IIS&P500 LOW VOL10.99%$11M212.8K
3SCHWAB STRATEGIC TRUS AGGREGATE B · US LCAP GR ETF · SCHWAB FDT US LG · SCHWB FDT INT LG · US LRG CAP ETF · SCHWB FDT INT SC · SCHWAB FDT US SC · SCHWB FDT EMK LG9.83%$9M223.7K
4ISHARES TRRUSSELL 2000 ETF · RUS 1000 VAL ETF · SELECT DIVID ETF · RUS 1000 ETF · EAFE SML CP ETF · CORE S&P500 ETF · RUS 1000 GRW ETF · CORE MSCI EAFE · MSCI EMG MKT ETF9.21%$9M86.1K
5TWLOTWILIO INChistory →CL A7.40%$7M32.4K
6SNAPSNAP INChistory →CL A4.87%$5M199.6K
7BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.70%$5M21.0K
8GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.80%$3M1.9K
9LYFTLYFT INChistory →CL A COM2.76%$3M80.3K
10AAPLAPPLE INChistory →COM1.97%$2M5.2K
11WORKSLACK TECHNOLOGIES INChistory →COM CL A1.70%$2M52.6K
12SPDR S&P 500 ETF TRTR UNIT1.44%$1M4.5K
13UBERUBER TECHNOLOGIES INChistory →COM1.39%$1M43.0K
14MSFTMICROSOFT CORPhistory →COM1.25%$1M5.9K
15METAFACEBOOK INChistory →CL A1.24%$1M5.3K
16AMZNAMAZON COM INChistory →COM1.10%$1M384
17VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF0.98%$946,00012.7K
18LIVONGO HEALTH INCCOM0.95%$918,00012.2K
19SPDR SER TRS&P DIVID ETF0.65%$627,0006.9K
20INTCINTEL CORPCOM0.64%$620,00010.4K
21TSLATESLA INCCOM0.61%$585,000542
22MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.57%$545,0001.7K
23VANGUARD BD INDEX FDSSHORT TRM BOND0.54%$519,0006.2K
24VANGUARD MUN BD FDSTAX EXEMPT BD0.52%$500,0009.2K
25JNJJOHNSON & JOHNSONCOM0.48%$459,0003.3K
26WORLD GOLD TRSPDR GLD MINIS0.44%$426,00024.0K
27TXNTEXAS INSTRS INCCOM0.43%$415,0003.3K
28BABOEING COCOM0.40%$381,0002.1K
29AMDADVANCED MICRO DEVICES INCCOM0.38%$369,0007.0K
30ZNGAEURZYNGA INCCL A0.38%$362,00038.0K
31ADBEADOBE INCCOM0.37%$354,000814
32RTXRAYTHEON TECHNOLOGIES CORPCOM0.36%$348,0005.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2025$1.5B259Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B262Jan 27, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B240Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B218Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B204Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B192Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.0B182Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.0B165Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023$912M162May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$830M161Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$791M154Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$705M150Jul 14, 202213F-HRchanges · EDGAR ↗
Q1 2022$680M157May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$610M155Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$555M144Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$432M134Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$224M115Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$117M81Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$125M85Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$96M75Jul 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$60M69May 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$89M75Feb 3, 202013F-HRchanges · 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 ↗.