SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Frank, Rimerman Advisors LLC

CIK 0001977560 · 1801 PAGE MILL ROAD, PALO ALTO, CA, 94304 · 650-845-8100

Reported Value
$413M
Q3 2023
Positions
101
Filings on Record
22
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Frank, Rimerman Advisors LLC reported $413M in U.S.-listed holdings across 101 positions for Q3 2023.

Its largest position, Invesco Exch Traded Fd Tr II, represents 15.2% of the portfolio.

Compared with Q2 2023, the fund opened 2 new positions and exited 13.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+71.0%
share of reported value
Largest Position
+15.2%
Invesco Exch Traded Fd Tr II
New / Exited
2 / 13
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
Q1 ’23: $362MQ1 ’23Q2 ’23: $419MQ3 ’23: $413MQ3 ’23Q4 ’23: $479MQ1 ’24: $520MQ1 ’24Q2 ’24: $1.4BQ3 ’24: $1.4BQ3 ’24Q4 ’24: $1.4BQ1 ’25: $1.3BQ1 ’25Q2 ’25: $1.5BQ3 ’25: $1.6BQ3 ’25Q4 ’25: $1.6BQ1 ’26: $1.5BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 72.2%Common Stock: 27.2%Other: 0.3%ADR: 0.2%REIT: 0.1%
  • ETP · 72.2% · $299M
  • Common Stock · 27.2% · $112M
  • Other · 0.3% · $1M
  • ADR · 0.2% · $666,690
  • REIT · 0.1% · $235,897

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD CHARLOTTE FDSNEW+7.1K7.1K+$337,949$337,949
DIMENSIONAL ETF TRUSTNEW+8.3K8.3K+$238,752$238,752
VANGUARD MUN BD FDSADDED+17.9K25.9K+$842,906$1M
VMWEURVMWARE INCSOLD OUT−4.9K0−$711,122$0
AVGOBROADCOM INCSOLD OUT−4570−$396,416$0
UBERUBER TECHNOLOGIES INCSOLD OUT−8.3K0−$359,951$0
URIUNITED RENTALS INCSOLD OUT−7290−$324,675$0
A4SAMERIPRISE FINL INCSOLD OUT−8810−$292,633$0

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

Holdings — Q3 2023

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TRS&P 500 VAL ETF · MICRO-CAP ETF · MSCI ACWI ETF · US INDUSTRIALS · CORE S&P500 ETF · RUS 1000 GRW ETF · IBOXX HI YD ETF · RUS MID CAP ETF · IBOXX INV CP ETF · SHRT NAT MUN ETF · COHEN STEER REIT · MSCI EAFE ETF · RUS 1000 ETF · GLB CNS DISC ETF16.93%$70M554.1K
2INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF15.24%$63M427.5K
3NDQINVESCO QQQ TRhistory →UNIT SER 113.91%$58M160.6K
4SPDR S&P 500 ETF TRTR UNIT7.96%$33M77.0K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A7.90%$33M248.5K
6VANGUARD INDEX FDSTOTAL STK MKT · SMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · REAL ESTATE ETF6.10%$25M127.7K
7NFLXNETFLIX INChistory →COM4.85%$20M53.2K
8PRCTPROCEPT BIOROBOTICS CORPhistory →COM3.63%$15M457.0K
9AAPLAPPLE INChistory →COM3.04%$13M73.4K
10INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT1.90%$8M55.4K
11VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT1.74%$7M164.8K
12SSENTINELONE INChistory →CL A1.53%$6M376.3K
13NVDANVIDIA CORPORATIONhistory →COM1.52%$6M14.4K
14VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF1.37%$6M144.4K
15MSFTMICROSOFT CORPhistory →COM1.23%$5M16.1K
16SPDR DOW JONES INDL AVERAGEUT SER 11.10%$5M13.6K
17VANGUARD BD INDEX FDSTOTAL BND MRKT · SHORT TRM BOND0.88%$4M50.9K
18VANECK ETF TRUSTFALLEN ANGEL HG0.79%$3M121.2K
19VANGUARD WORLD FDSFINANCIALS ETF0.71%$3M36.4K
20VANGUARD STAR FDSVG TL INTL STK F0.50%$2M38.4K
21PCARPACCAR INCCOM0.40%$2M19.7K
22TSLATESLA INCCOM0.38%$2M6.2K
23VANGUARD MUN BD FDSTAX EXEMPT BD0.30%$1M25.9K
24AMZNAMAZON COM INCCOM0.29%$1M9.4K
25ISRGINTUITIVE SURGICAL INCCOM NEW0.28%$1M3.9K
26CRWDCROWDSTRIKE HLDGS INCCL A0.25%$1M6.2K
27VANGUARD SPECIALIZED FUNDSDIV APP ETF0.25%$1M6.7K
28METAMETA PLATFORMS INCCL A0.24%$974,4823.2K
29JPMJPMORGAN CHASE & COCOM0.23%$954,9576.6K
30MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.21%$874,0091.9K
31LUMINAR TECHNOLOGIES INCCOM CL A0.20%$847,342186.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B590Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.6B600Jan 15, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.6B593Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.5B561Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.3B512May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B518Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.4B527Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B538Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$520M336May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$479M315Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$413M101Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$419M112Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$362M108May 15, 202313F-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 ↗.