PALO ALTO WEALTH ADVISORS, LLC

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CIK 1964382

13F portfolio (2025-Q3)

$343M

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 2025-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 (2025-Q3)

Holdings

Top 5

68.3%

Top 10

81.9%

Effective N

6.3

HHI

0.159

This quarter

10 new · 0 exit →

By sector

Communication Services50.6%

Unclassified33.5%

Information Technology12.6%

Consumer Discretionary1.2%

Industrials1.0%

Financials0.7%

Health Care0.3%

Energy0.1%

By market cap

Mega (>$200B)63.5%

Unknown33.7%

Large ($10–200B)2.8%

By region

North America66.3%

Other33.5%

Asia-Pacific0.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Software & IT Services	50.55%	3
Unclassified	33.61%	38
Semiconductors & Semiconductor Equipment	5.43%	4
Software	4.61%	6
Technology Hardware & Equipment	2.61%	1
Commercial Services & Supplies	0.98%	3
Specialty Retail	0.83%	1
Banks	0.47%	2
Automobiles & Components	0.33%	1
Pharmaceuticals & Biotechnology	0.30%	2
Capital Markets	0.14%	1
Media & Entertainment	0.08%	1
Oil, Gas & Consumable Fuels	0.07%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	GOOG	Alphabet Inc.	Communication Services	34.14%
2	GOOGL	Alphabet Inc.	Communication Services	16.15%
3	QUAL	ISHARES TR	Unclassified	7.20%
4	DGRW	WISDOMTREE TR	Unclassified	6.18%
5	NVDA	NVIDIA CORP	Information Technology	4.67%
6	MOAT	VANECK ETF TRUST	Unclassified	3.38%
7	GSIE	Goldman Sachs ActiveBeta Int'l Eq ETF	Unclassified	2.93%
8	AAPL	Apple Inc.	Information Technology	2.61%
9	MSFT	MICROSOFT CORP	Information Technology	2.42%
10	JHMM	JOHN HANCOCK EXCHANGE TRADED	Unclassified	2.20%

27/64 names classified · sector 66.5% of weight · industry 66.4% · mkt cap 66.3%; unclassified names shown, never dropped.

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

top 5/sector, rest → “Other” · 12 quarters

Communication ServicesGOOG, GOOGL, META, NFLX

Information TechnologyMSFT, AAPL, NVDA, NOW, PLTR · other

Consumer DiscretionaryAMZN, TSLA

Real Estate

IndustrialsDASH, UBER, EBAY

FinancialsJPM, GS, PYPL, BRK.B, BAC

Health CareLLY, JNJ

Energy

UnclassifiedMOAT, DGRW, QUAL, GSIE, USFR · 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: 66.5% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2025-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (25 classified)PALO ALTO WEALTH ADVISORS, LLC centroid (Large Growth)

Communication ServicesInformation TechnologyConsumer DiscretionaryIndustrialsFinancialsHealth CareEnergy

Style box summary for PALO ALTO WEALTH ADVISORS, LLC: centroid Large Growth. Heaviest cells: Large Growth 64.5%, Large Core 1.1%, Mid Growth 0.5%.

Classified: 66.2% of book weight (25/64 names) · unclassified 33.8%: QUAL, DGRW, MOAT, GSIE, JHMM, USFR, TFLO, AVMC, IWB, IQLT +29 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· 64 positions (2025-Q3) · largest first · Δ vs 2025-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	GOOGALPHABET INC	401,695	$117M	34.1%	TRIM −7%
2	GOOGLALPHABET INC	190,266	$55M	16.1%	TRIM −2%
3	QUALISHARES TR	125,685	$25M	7.2%	ADD 5%
4	DGRWWISDOMTREE TR	236,775	$21M	6.2%	ADD 3%
5	NVDANVIDIA CORPORATION	82,950	$16M	4.7%	TRIM −16%
6	MOATVANECK ETF TRUST	114,061	$12M	3.4%	TRIM −11%
7	GSIEGoldman Sachs ActiveBeta Int'l Eq ETF	239,540	$10M	2.9%	ADD 15%
8	AAPLAPPLE INC	32,493	$9M	2.6%	TRIM −2%
9	MSFTMICROSOFT CORP	16,310	$8M	2.4%	HOLD
10	JHMMJOHN HANCOCK EXCHANGE TRADED	115,901	$8M	2.2%	TRIM −4%
11	USFRWISDOMTREE TR	128,580	$6M	1.9%	TRIM −12%
12	TFLOISHARES TR	112,526	$6M	1.7%	ADD 29%
13	AVMCAMERICAN CENTY ETF TR AVANTIS U S MID CAP EQUITY ETF	68,650	$5M	1.4%	ADD 29%
14	IWBISHARES TR	12,232	$5M	1.3%	TRIM −13%
15	NOWSERVICENOW INC	5,280	$5M	1.3%	HOLD
16	IQLTISHARES TR	97,842	$4M	1.3%	ADD 3%
17	AMZNAMAZON COM INC	11,478	$3M	0.8%	ADD 12%
18	DASHDOORDASH INC	12,073	$2M	0.7%	HOLD
19	AVGOBROADCOM INC	5,331	$2M	0.5%	ADD 88%
20	SPYSTATE STR SPDR S&P 500 ETF T	2,705	$2M	0.5%	HOLD
21	TWLOTWILIO INC	10,756	$1M	0.4%	TRIM −2%
22	JPMJPMORGAN CHASE & CO	4,290	$1M	0.4%	ADD 4%
23	TSLATESLA INC	2,607	$1M	0.3%	ADD 4%
24	PLTRPALANTIR TECHNOLOGIES INC	5,343	$1M	0.3%	TRIM −8%
25	VIGVANGUARD SPECIALIZED FUNDS	4,205	$920,211	0.3%	HOLD
26	METAMETA PLATFORMS INC	1,443	$904,933	0.3%	ADD 2%
27	IVVISHARES TR	1,237	$848,848	0.2%	ADD 86%
28	IJRISHARES TR	6,676	$798,386	0.2%	ADD 174%
29	MUNIPIMCO Intermediate Muni Bd Actv - ETF	14,123	$743,711	0.2%	ADD 3%
30	LLYELI LILLY & CO	726	$717,458	0.2%	ADD 3%
31	AVDEAMERICAN CENTY ETF TR	8,490	$683,785	0.2%	NEW
32	UBERUBER TECHNOLOGIES INC	7,047	$659,599	0.2%	HOLD
33	IJHISHARES TR	9,855	$643,840	0.2%	NEW
34	PYLDPIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND	21,890	$587,091	0.2%	ADD 84%
35	VTIVANGUARD INDEX FDS	1,573	$528,201	0.2%	ADD 13%
36	IWMISHARES TR	2,119	$517,610	0.2%	HOLD
37	AVLCAMERICAN CENTY ETF TR	6,525	$510,125	0.1%	NEW
38	USMVISHARES TR	5,278	$497,699	0.1%	TRIM −4%
39	TSMTAIWAN SEMICONDUCTOR MFG LTD	1,707	$496,930	0.1%	ADD 5%
40	QUSSPDR SERIES TRUST	2,765	$479,269	0.1%	HOLD
41	GSGOLDMAN SACHS GROUP INC	590	$478,083	0.1%	ADD 2%
42	QQQINVESCO QQQ TR	741	$460,412	0.1%	ADD 29%
43	VEAVANGUARD TAX-MANAGED FDS	6,866	$423,836	0.1%	ADD 22%
44	IVWISHARES TR	3,133	$388,210	0.1%	NEW
45	HYDVANECK ETF TRUST	7,541	$384,439	0.1%	TRIM −19%
46	JCPBJ P MORGAN EXCHANGE TRADED F	7,867	$374,458	0.1%	TRIM −48%
47	VXFVANGUARD INDEX FDS	1,760	$369,880	0.1%	HOLD
48	SMHVANECK ETF TRUST	955	$335,253	0.1%	HOLD
49	VOOVANGUARD INDEX FDS	503	$315,615	0.1%	ADD 6%
50	JNJJOHNSON & JOHNSON	1,582	$306,704	0.1%	ADD 17%
51	ORCLORACLE CORP	1,241	$293,100	0.1%	HOLD
52	VGTVANGUARD WORLD FD	377	$291,548	0.1%	HOLD
53	NFLXNETFLIX INC	250	$284,110	0.1%	ADD 6%
54	EBAYEBAY INC.	3,088	$269,459	0.1%	ADD 2%
55	BRK.BBERKSHIRE HATHAWAY INC DEL	538	$267,424	0.1%	NEW
56	OKTAOKTA INC	2,942	$251,776	0.1%	TRIM −52%
57	AMDADVANCED MICRO DEVICES INC	1,038	$246,625	0.1%	NEW
58	BACBANK AMERICA CORP	4,553	$244,191	0.1%	NEW
59	ESGUISHARES TR	1,616	$241,844	0.1%	HOLD
60	XOMEXXON MOBIL CORP	1,932	$231,430	0.1%	NEW
61	AAAUGOLDMAN SACHS PHYSICAL GOLD	5,600	$228,312	0.1%	NEW
62	XHLFBONDBLOXX ETF TRUST	4,485	$225,461	0.1%	HOLD
63	INMUBLACKROCK ETF TRUST II	8,725	$210,717	0.1%	HOLD
64	ITOTISHARES TR	1,349	$201,001	0.1%	NEW

☆PALO ALTO WEALTH ADVISORS, LLC