1y return+18.6%S&P 500 +20.9%
3y return+64.0%S&P 500 +68.5%
5y return+59.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $256 against $290 in the S&P 500.2
Wellspring Financial Advisors, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $347.2M | 22.9% | +1084.9% |
| IEFAIshares Tr | $100.0M | 6.6% | +4.6% |
| AAAUGoldman Sachs Physical Gold | $88.1M | 5.8% | +7.7% |
| VYMVanguard Whitehall Fds | $71.5M | 4.7% | +1.7% |
| SOXXIshares Tr | $70.0M | 4.6% | −28.1% |
| VTIVanguard Index Fds | $62.2M | 4.1% | |
| AAPLApple Inc | $51.5M | 3.4% | |
| VGSHVanguard Scottsdale Fds | $50.3M | 3.3% | +12.2% |
| IEMGIshares Inc | $46.4M | 3.1% | +5.1% |
| XLKSelect Sector Spdr Tr | $45.2M | 3.0% | +38.4% |
| XLVSelect Sector Spdr Tr | $43.7M | 2.9% | +1.2% |
| IFRAIshares Tr | $42.7M | 2.8% | +20.0% |
| IWFIshares Tr | $35.5M | 2.3% | |
| SPYState Str Spdr S&p 500 Etf T | $28.8M | 1.9% | +15.4% |
| NVDANvidia Corporation | $18.4M | 1.2% | −13.2% |
| AMZNAmazon Com Inc | $15.4M | 1.0% | −3.2% |
| VTVVanguard Index Fds | $15.0M | 1.0% | |
| VUGVanguard Index Fds | $13.7M | 0.9% | −81.4% |
| GOOGAlphabet Inc | $13.4M | 0.9% | −1.9% |
| MSFTMicrosoft Corp | $13.3M | 0.9% | −5.8% |
| VOOVanguard Index Fds | $12.3M | 0.8% | +48.8% |
| MDYState Str Spdr S&p Midcap 40 | $12.2M | 0.8% | −1.5% |
| IVWIshares Tr | $11.7M | 0.8% | |
| IWDIshares Tr | $10.0M | 0.7% | |
| GOOGLAlphabet Inc | $10.0M | 0.7% | −3.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2021 | +900.3% | $18.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $10.0M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $13.4M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $5.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $51.5M |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $4.3M |
| SOXXIshares Tr | June 30, 2025 | +168.4% | $70.0M |
| IVWIshares Tr | June 30, 2020 | +165.1% | $11.7M |
| IWFIshares Tr | June 30, 2020 | +158.7% | $35.5M |
| VUGVanguard Index Fds | June 30, 2020 | +155.7% | $13.7M |
Sold off last quarter
- BILState Street Spdr Bloomberg 1-3 Month T-bill Etf was $2.7M
- Honeywell Intl IncCUSIP 438516106 was $1.5M
- CPNGCoupang Inc Cl A was $1.5M
- GLDSpdr Gold Etf was $613K
- MCKMckesson Corp was $594K
- UTESVirtus Reaves Utilities Etf was $399K
- ADBEAdobe Sys Inc was $397K
- HCAHca Inc was $380K
- Mountain Lake Acquisition Corp Shs Cl ACUSIP G6301B101 was $369K
- CNQCanadian Natural Resources Ltd was $310K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.8% | +14.8% |
| March 31, 2026 | −4.9% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +12.1% | +10.5% |
| March 31, 2025 | −4.7% | −4.6% |
| December 31, 2024 | +1.9% | +2.1% |
| September 30, 2024 | +5.4% | +5.4% |
| June 30, 2024 | +2.9% | +4.0% |
| March 31, 2024 | +8.3% | +10.0% |
| December 31, 2023 | +12.1% | +11.2% |
| September 30, 2023 | −3.5% | −3.6% |
| June 30, 2023 | +7.9% | +8.3% |
| March 31, 2023 | +8.4% | +7.0% |
| December 31, 2022 | +6.4% | +7.1% |
| September 30, 2022 | −5.5% | −5.3% |
| June 30, 2022 | −17.1% | −16.5% |
| March 31, 2022 | −6.6% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Wellspring Financial Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1811308&type=13F-HR&dateb=&owner=include&count=40CIK 1811308
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1811308/000110465926084987/Filed July 20, 2026 · accession 0001104659-26-084987