Ballentine Partners, LLC

Family Office

Ballentine Partners, LLC is a Family Office based in Vancouver, WA led by Andrew John Mcmorrow, reporting $12.0B in AUM as of Q3 2025 with 78% ETF concentration, 62% concentrated in top 10 holdings, and 28% allocation to VTI.

CEOAndrew John Mcmorrow

Portfolio Value: $7.2B
Positions: 1,017
Top Holding: VTI at 27.71%
Last Reported: Q3 2025

Address701 Columbia St, Ste 104, Vancouver, WA, 98660, United States

Top Holdings

Largest long holdings in Ballentine Partners, LLC's portfolio (62.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Total Stock Market VTI	ETF ETF	$2.0B	27.71%	+$35.1M Bought	— 6.1M shares	≤ Q2 2013 Held for 12y 5m+
2 iShares Core MSCI EAFE ETF IEFA	ETF ETF	$567.9M	7.89%	+$12.1M Bought	— 6.5M shares	Q3 2013 Held for 12y 2m
3 iShares Core S&P Total U.S. Stock Market ITOT	ETF ETF	$502.1M	6.97%	-$4.7M Sold	— 3.4M shares	≤ Q2 2013 Held for 12y 5m+
4 Vanguard FTSE Developed Markets VEA	ETF ETF	$303.0M	4.21%	+$17.1M Bought	— 5.1M shares	≤ Q2 2013 Held for 12y 5m+
5 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$276.0M	3.83%	+$1.9M Bought	— 4.2M shares	≤ Q2 2013 Held for 12y 5m+
6 iShares Core S&P 500 ETF IVV	ETF ETF	$244.5M	3.39%	-$1.9M Sold	— 365.3K shares	≤ Q2 2013 Held for 12y 5m+
7 Vanguard FTSE Emerging Markets VWO	ETF ETF	$154.4M	2.14%	+$6.3M Bought	— 2.8M shares	≤ Q2 2013 Held for 12y 5m+
8 SPDR S&P 500 ETF Trust SPY	ETF ETF	$152.0M	2.11%	-$139.9K Sold	— 228.1K shares	≤ Q2 2013 Held for 12y 5m+
9 iShares Global Infrastructure IGF	ETF ETF	$145.4M	2.02%	+$4.9M Bought	— 2.4M shares	Q4 2022 Held for 2y 11m
10 Vanguard Real Estate VNQ	ETF ETF	$134.1M	1.86%	+$8.1M Bought	— 1.5M shares	Q1 2016 Held for 9y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Ballentine Partners, LLC's latest filing

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Market Value

$7.2B

Prior: $6.6B

Q/Q Change

+8.48%

+$563.2M

Net Flows % of MV

+0.968%

Turnover Ratio

1.42%

New Purchases

53 stocks

$12.9M

Added To

453 stocks

+$120.6M

Sold Out Of

54 stocks

$15.7M

Reduced Holdings

404 stocks

-$48.0M

Increased Positions

Position	Shares Δ	Change
1 VanEck Gold Miners GDX	New	0 → 14.8K +$1.1M
2 WisdomTree U.S. Quality Dividend Growth Fund DGRW	New	0 → 11.1K +$987.5K
3 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 28.2K +$533.9K
4 HYDB iShares High Yield Systematic Bond HYDB	New	0 → 6.3K +$301.4K
5 Kimball Electronics KE	New	0 → 10.0K +$298.2K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard Intermediate-Term Treasury VGIT	Sold	39.3K → 0 −$2.4M
2 XBI SPDR S&P Biotech XBI	Sold	17.8K → 0 −$1.5M
3 Molina Healthcare MOH	Sold	3.3K → 0 −$981.0K
4 Amedisys AMED	Sold	7.8K → 0 −$771.8K
5 Ansys ANSS	Sold	1.4K → 0 −$484.7K

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Analytics

Portfolio insights and performance metrics for Ballentine Partners, LLC

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Sector Allocation

ETF

78.30%

Technology

7.00%

Financial Services

3.00%

Communication Services

1.90%

Consumer Cyclical

1.90%

Healthcare

1.60%

Industrials

1.60%

Consumer Defensive

0.80%

Basic Materials

0.60%

Energy

0.50%

Utilities

0.40%

Real Estate

0.30%

Market Cap Distribution

Mega Cap (> $200B)

11.16%

Large Cap ($10B - $200B)

7.25%

Mid Cap ($2B - $10B)

0.61%

Small Cap ($300M - $2B)

0.30%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.09%

N/A (ETF or Unknown)

80.58%

Portfolio Concentration

Top 10 Holdings %

62.14%

Top 20 Holdings %

73.84%

Top 50 Holdings %

84.77%

Top 100 Holdings %

89.74%