Gradient Capital Advisors, LLC
Long book
$385.8M
Q1 2026
Positions
177
Top-10 weight
37%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsGradient Capital Advisors, LLC is a wealth-management firm allocating client money, running a $385.8M US long book across 177 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, APPLE INC, STE STR SPDR PT DW EU ETF, VANGUARD S/T CORP BOND ETF, DIMENSIONAL GLBL CORE PL FIX.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+6.3%
Q3 2024
+0.9%
Q4 2024
-2.5%
Q1 2025
+8.3%
Q2 2025
+8.3%
Q3 2025
+3.5%
Q4 2025
-1.0%
Q1 2026
+11.6%
Sector allocation
Technology 54%
Financials 17%
Industrials 13%
Consumer discretionary 5%
Healthcare 4%
Energy 3%
Services media 2%
Utilities 1%
Long book by quarter
What does Gradient Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 71.6K | $18.2M | 4.7% | -1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 25.1K | $7.2M | 1.9% | +4.0% |
| JPM JPMORGAN CHASE & CO | Financials | 22.7K | $6.7M | 1.7% | -2.0% |
| NVDA NVIDIA CORP | Technology | 32.5K | $5.7M | 1.5% | -0.3% |
| MSFT MICROSOFT CORP | Technology | 14.0K | $5.2M | 1.3% | -3.1% |
| TSLA TESLA INC | Industrials | 13.6K | $5.1M | 1.3% | -10.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.7K | $4.7M | 1.2% | +2.4% |
| LRCX LAM RESEARCH CORP | Industrials | 20.6K | $4.4M | 1.1% | -3.5% |
| META META PLATFORMS INC-CLASS A | Technology | 6.4K | $3.7M | 0.9% | -4.5% |
| AVGO BROADCOM INC | Technology | 11.1K | $3.4M | 0.9% | -1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.0K | $2.1M | 0.5% | -0.6% |
| CVX CHEVRON CORP | Energy | 9.2K | $1.9M | 0.5% | -0.3% |
| CSCO CISCO SYSTEMS INC | Technology | 24.3K | $1.9M | 0.5% | -1.6% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 13.4K | $1.6M | 0.4% | +0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.4K | $1.3M | 0.3% | -0.7% |
| AMGN AMGEN INC | Healthcare | 3.1K | $1.1M | 0.3% | +0.2% |
| BAC BANK OF AMERICA CORP | Financials | 21.7K | $1.1M | 0.3% | +0.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.7K | $1.0M | 0.3% | +0.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 4.9K | $999K | 0.3% | -10.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 941 | $937K | 0.2% | +0.2% |
| GOOG ALPHABET INC-CL C | Technology | 2.8K | $809K | 0.2% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 2.6K | $795K | 0.2% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 2.4K | $778K | 0.2% | +0.1% |
| CAT CATERPILLAR INC | Industrials | 1.1K | $748K | 0.2% | -5.7% |
| QCOM QUALCOMM INC | Technology | 5.1K | $656K | 0.2% | -22.0% |
| NFLX NETFLIX INC | Services media | 6.7K | $645K | 0.2% | +1.9% |
| XOM EXXON MOBIL CORP | Energy | 3.7K | $627K | 0.2% | -0.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 177 | $385.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 174 | $388.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 167 | $373.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 162 | $338.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 155 | $306.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 152 | $310.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 148 | $302.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 140 | $279.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 139 | $272.4M | canonical | SEC ↗ |