Trellis Advisors, LLC

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CIK 1722638

13F portfolio (2023-Q3)

$219M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2023-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2023-Q3)

Holdings

Top 5

61.7%

Top 10

75.1%

Effective N

6.7

HHI

0.150

This quarter

3 new · 0 exit →

By sector

Unclassified80.5%

Information Technology7.6%

Consumer Discretionary4.1%

Health Care2.1%

Financials1.7%

Communication Services1.7%

Industrials0.7%

Energy0.6%

Other1.0%

By market cap

Unknown80.5%

Mega (>$200B)15.2%

Large ($10–200B)4.2%

Micro (<$300M)0.1%

By region

Other80.5%

North America19.5%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	80.95%	35
Software	3.82%	5
Technology Hardware & Equipment	2.60%	3
Specialty Retail	2.25%	6
Pharmaceuticals & Biotechnology	1.92%	5
Software & IT Services	1.28%	3
Hotels, Restaurants & Leisure	1.28%	1
Semiconductors & Semiconductor Equipment	0.84%	4
Commercial Services & Supplies	0.64%	3
Automobiles & Components	0.58%	2
Oil, Gas & Consumable Fuels	0.56%	2
Banks	0.54%	4
Utilities	0.42%	1
Communications Equipment	0.38%	1
Media & Entertainment	0.38%	2
Chemicals	0.36%	2
Beverages	0.25%	2
Machinery	0.22%	2
Insurance	0.20%	1
Aerospace & Defense	0.18%	1
Health Care Equipment & Supplies	0.15%	1
Road & Rail	0.11%	1
Capital Markets	0.10%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	VTI	VANGUARD INDEX FDS	Unclassified	35.58%
2	VTEB	VANGUARD MUN BD FDS	Unclassified	8.45%
3	BND	VANGUARD BD INDEX FDS	Unclassified	7.90%
4	VEA	VANGUARD TAX-MANAGED FDS	Unclassified	5.64%
5	SCHB	SCHWAB STRATEGIC TR	Unclassified	4.16%
6	SCZ	ISHARES TR	Unclassified	3.27%
7	MSFT	MICROSOFT CORP	Information Technology	3.24%
8	VWO	VANGUARD INTL EQUITY INDEX F	Unclassified	2.38%
9	AAPL	Apple Inc.	Information Technology	2.35%
10	VB	VANGUARD INDEX FDS	Unclassified	2.17%

54/88 names classified · sector 19.5% of weight · industry 19.1% · mkt cap 19.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 24 quarters

Information TechnologyMSFT, AAPL, QCOM, INTU, NVDA · other

Consumer DiscretionarySBUX, AMZN, TSLA, COST, MCD · other

Health CareAMGN, LLY, JNJ, ABBV, PFE · other

FinancialsBRK.B, V, JPM, UNH, BAC · other

Communication ServicesMETA, GOOGL, GOOG, VZ, NFLX · other

IndustrialsBA, ACN, UNP, DE, CAT

EnergyCVX, XOM

MaterialsPG, NKE

UtilitiesEPD, NEE

Consumer StaplesPEP, KO, CVS

UnclassifiedVTI, BND, SCZ, SCHB, VTEB · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 19.5% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2023-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 19% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (52 classified)Trellis Advisors, LLC centroid (Large Core)

Information TechnologyConsumer DiscretionaryHealth CareCommunication ServicesFinancialsIndustrialsEnergyMaterialsConsumer Staples

Style box summary for Trellis Advisors, LLC: centroid Large Core. Heaviest cells: Large Growth 11.7%, Large Core 4.1%, Large Value 2.5%.

Classified: 18.6% of book weight (52/88 names) · unclassified 81.4%: VTI, VTEB, BND, VEA, SCHB, SCZ, VWO, VB, DSI, SCHF +26 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 88 positions (2023-Q3) · largest first · Δ vs 2023-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	VTIVANGUARD INDEX FDS	366,654	$78M	35.6%	HOLD
2	VTEBVANGUARD MUN BD FDS	384,488	$18M	8.4%	ADD 4%
3	BNDVANGUARD BD INDEX FDS	247,802	$17M	7.9%	ADD 5%
4	VEAVANGUARD TAX-MANAGED FDS	282,137	$12M	5.6%	ADD 3%
5	SCHBSCHWAB STRATEGIC TR	182,584	$9M	4.2%	HOLD
6	SCZISHARES TR	126,594	$7M	3.3%	ADD 3%
7	MSFTMICROSOFT CORP	22,445	$7M	3.2%	HOLD
8	VWOVANGUARD INTL EQUITY INDEX F	132,982	$5M	2.4%	ADD 6%
9	AAPLAPPLE INC	30,050	$5M	2.4%	HOLD
10	VBVANGUARD INDEX FDS	25,101	$5M	2.2%	ADD 4%
11	DSIISHARES TR	36,391	$3M	1.4%	HOLD
12	SBUXSTARBUCKS CORP	30,636	$3M	1.3%	HOLD
13	SCHFSCHWAB STRATEGIC TR	69,409	$2M	1.1%	HOLD
14	LLYELI LILLY & CO	4,292	$2M	1.1%	HOLD
15	AMZNAMAZON COM INC	17,460	$2M	1.0%	HOLD
16	IWVISHARES TR	8,678	$2M	1.0%	HOLD
17	VSSVANGUARD INTL EQUITY INDEX F	16,686	$2M	0.8%	HOLD
18	EFAISHARES TR	24,817	$2M	0.8%	HOLD
19	COSTCOSTCO WHSL CORP NEW	2,912	$2M	0.8%	HOLD
20	SCHESCHWAB STRATEGIC TR	68,119	$2M	0.7%	HOLD
21	IVOGVANGUARD ADMIRAL FDS INC	17,082	$2M	0.7%	HOLD
22	SCHCSCHWAB STRATEGIC TR	41,304	$1M	0.6%	HOLD
23	EEMISHARES TR	30,911	$1M	0.5%	HOLD
24	NVDANVIDIA CORPORATION	2,555	$1M	0.5%	ADD 2%
25	GOOGLALPHABET INC	8,270	$1M	0.5%	HOLD
26	TSLATESLA INC	4,115	$1M	0.5%	ADD 14%
27	METAMETA PLATFORMS INC	3,306	$992,494	0.5%	HOLD
28	EPDENTERPRISE PRODS PARTNERS L	33,739	$923,436	0.4%	HOLD
29	BRK.BBERKSHIRE HATHAWAY INC DEL	2,501	$876,101	0.4%	HOLD
30	RSPINVESCO EXCHANGE TRADED FD T	6,077	$861,050	0.4%	TRIM −16%
31	QCOMQUALCOMM INC	7,576	$841,390	0.4%	HOLD
32	VOVANGUARD INDEX FDS	3,708	$772,154	0.4%	HOLD
33	GOOGALPHABET INC	5,484	$723,065	0.3%	HOLD
34	CVXCHEVRON CORP NEW	4,175	$703,989	0.3%	ADD 2%
35	ESMLISHARES TR	20,356	$684,971	0.3%	HOLD
36	XLYSELECT SECTOR SPDR TR	4,233	$681,428	0.3%	HOLD
37	AMGNAMGEN INC	2,288	$614,923	0.3%	HOLD
38	VVISA INC	2,595	$596,876	0.3%	HOLD
39	JNJJOHNSON & JOHNSON	3,650	$568,488	0.3%	HOLD
40	INTUINTUIT	1,112	$568,166	0.3%	HOLD
41	IJRISHARES TR	5,822	$549,189	0.3%	HOLD
42	NFLXNETFLIX INC	1,440	$543,744	0.2%	HOLD
43	XOMEXXON MOBIL CORP	4,393	$516,529	0.2%	HOLD
44	EFGISHARES TR	5,852	$505,028	0.2%	HOLD
45	PGPROCTER AND GAMBLE CO	3,427	$499,862	0.2%	HOLD
46	ACNACCENTURE PLC IRELAND	1,519	$466,501	0.2%	HOLD
47	JPMJPMORGAN CHASE & CO	3,122	$452,753	0.2%	HOLD
48	UNHUNITEDHEALTH GROUP INC	870	$438,646	0.2%	HOLD
49	ABBVABBVIE INC	2,852	$425,119	0.2%	HOLD
50	VBRVANGUARD INDEX FDS	2,502	$399,029	0.2%	HOLD
51	BABOEING CO	2,044	$391,794	0.2%	HOLD
52	SCHASCHWAB STRATEGIC TR	8,776	$363,521	0.2%	ADD 5%
53	VXFVANGUARD INDEX FDS	2,438	$349,499	0.2%	HOLD
54	HDHOME DEPOT INC	1,115	$336,909	0.2%	HOLD
55	VTVANGUARD INTL EQUITY INDEX F	3,533	$329,249	0.2%	HOLD
56	MAMASTERCARD INCORPORATED	826	$327,022	0.1%	HOLD
57	VSGXVANGUARD WORLD FD	6,460	$325,825	0.1%	ADD 6%
58	SYKSTRYKER CORPORATION	1,184	$323,552	0.1%	HOLD
59	VOTVANGUARD INDEX FDS	1,628	$317,086	0.1%	HOLD
60	AXPAMERICAN EXPRESS CO	2,109	$314,641	0.1%	HOLD
61	IWMISHARES TR	1,768	$312,552	0.1%	HOLD
62	LABORATORY CORP AMER HLDGS	1,509	$303,385	0.1%	HOLD
63	AVGOBROADCOM INC	365	$303,162	0.1%	HOLD
64	PEPPEPSICO INC	1,780	$301,603	0.1%	HOLD
65	NKENIKE INC	3,113	$297,665	0.1%	HOLD
66	CMCSACOMCAST CORP NEW	6,492	$287,855	0.1%	HOLD
67	BACBANK AMERICA CORP	10,402	$284,807	0.1%	HOLD
68	MRKMERCK & CO INC	2,697	$277,656	0.1%	HOLD
69	VIGVANGUARD SPECIALIZED FUNDS	1,750	$271,915	0.1%	NEW
70	CSCOCISCO SYS INC	5,013	$269,498	0.1%	HOLD
71	ADBEADOBE INC	524	$267,188	0.1%	HOLD
72	TMOTHERMO FISHER SCIENTIFIC INC	525	$265,739	0.1%	ADD 5%
73	ROSTROSS STORES INC	2,350	$265,433	0.1%	HOLD
74	LOWLOWES COS INC	1,219	$253,357	0.1%	TRIM −7%
75	DEDEERE & CO	665	$250,958	0.1%	HOLD
76	GLDMWORLD GOLD TR	6,744	$247,235	0.1%	NEW
77	PCARPACCAR INC	2,892	$245,878	0.1%	HOLD
78	KOCOCA COLA CO	4,383	$245,361	0.1%	HOLD
79	ORCLORACLE CORP	2,276	$241,074	0.1%	HOLD
80	UNPUNION PAC CORP	1,176	$239,469	0.1%	ADD 2%
81	CATCATERPILLAR INC	828	$226,044	0.1%	NEW
82	AMDADVANCED MICRO DEVICES INC	2,057	$211,501	0.1%	HOLD
83	SCHWSCHWAB CHARLES CORP	3,851	$211,420	0.1%	HOLD
84	VUGVANGUARD INDEX FDS	771	$210,077	0.1%	HOLD
85	WMTWALMART INC	1,307	$209,029	0.1%	HOLD
86	CRMSALESFORCE INC	1,025	$207,849	0.1%	TRIM −2%
87	AMATAPPLIED MATLS INC	1,492	$206,568	0.1%	HOLD
88	RVSBRIVERVIEW BANCORP INC	25,000	$139,000	0.1%	HOLD

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all 3,519 VTI holders →

Firm lineageForm ADV + cited

Where this firm's principals came from and which firms its alumni went on to found.

family tree & personnel →

joins filed 13F data only — no style, strategy or performance similarity is claimed · 13F 2026-Q1

Similar managers — filers whose largest reported GICS sector is the same as this book's (Information Technology), ranked by closeness of reported 13F portfolio value (|log AUM ratio|), self excluded. Two things it is NOT: a style/strategy match, and a performance ranking. Sector weights come from the filed long book only, so a filer whose real business is elsewhere (shorts, private, non-13F assets) can still surface.
Also hold VTI — other Section 13(f) filers reporting a long position in this book's largest tickered holding for 2026-Q1. Lagged quarterly filings (up to 45 days after quarter-end); “% of shares out” is omitted where the reported share count can't carry it. % of shares outstanding is not shown for VTI: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Filers outside the free plan's window are shown locked rather than hidden, so the list is never silently short.

☆Trellis Advisors, LLC