GPWM LLC

RIA/Wealth

GPWM LLC is a RIA/Wealth based in Pittsburgh, PA led by Richard Ifft Lerach, managing $164.1M across 20 long positions as of Q3 2025 with 100% ETF concentration and 90% concentrated in top 10 holdings.

Managing PartnerRichard Ifft Lerach

Portfolio Value: $164.1M
Positions: 20
Top Holding: BND at 12.74%
Last Reported: Q3 2025

Address1001 Liberty Avenue, Suite 500, Pittsburgh, PA, 15222, United States

Top Holdings

Largest long holdings in GPWM LLC's portfolio (89.7% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Total Bond Market BND	ETF ETF	$20.9M	12.74%	+$602.0K Bought	— 281.1K shares	Q4 2021 Held for 3y 11m
2 Vanguard FTSE Developed Markets VEA	ETF ETF	$20.1M	12.24%	-$406.1K Sold	— 335.1K shares	Q4 2021 Held for 3y 11m
3 Vanguard Tax-Exempt Bond Index Fund VTEB	ETF ETF	$19.2M	11.69%	+$141.4K Bought	— 383.2K shares	Q4 2022 Held for 2y 11m
4 Vanguard Large-Cap VV	ETF ETF	$18.8M	11.48%	-$73.0K Sold	— 61.2K shares	Q4 2021 Held for 3y 11m
5 Vanguard Small-Cap ETF VB	ETF ETF	$13.7M	8.33%	-$19.6K Sold	— 53.8K shares	Q4 2021 Held for 3y 11m
6 VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	ETF ETF	$13.6M	8.31%	+$233.2K Bought	— 269.4K shares	Q4 2022 Held for 2y 11m
7 Vanguard Total International Bond BNDX	ETF ETF	$13.4M	8.19%	+$279.2K Bought	— 271.8K shares	Q4 2021 Held for 3y 11m
8 Vanguard FTSE Emerging Markets VWO	ETF ETF	$9.3M	5.69%	-$225.3K Sold	— 172.2K shares	Q4 2021 Held for 3y 11m
9 Vanguard Value VTV	ETF ETF	$9.3M	5.68%	+$71.8K Bought	— 50.0K shares	Q4 2021 Held for 3y 11m
10 Vanguard Real Estate VNQ	ETF ETF	$8.8M	5.35%	+$146.8K Bought	— 96.1K shares	Q4 2021 Held for 3y 11m

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GthenH

Changes

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

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GthenC

Market Value

$164.1M

Prior: $156.9M

Q/Q Change

+4.61%

+$7.2M

Net Flows % of MV

+0.373%

Turnover Ratio

0.721%

New Purchases

0 stocks

Added To

8 stocks

+$1.5M

Sold Out Of

0 stocks

Reduced Holdings

6 stocks

-$877.5K

Increased Positions

Position	Shares Δ	Change
1 Vanguard Total Bond Market BND	+2.97%	273.0K → 281.1K +$602.0K
2 Vanguard Total International Bond BNDX	+2.12%	266.1K → 271.8K +$279.2K
3 VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	+1.74%	264.8K → 269.4K +$233.2K
4 Vanguard Real Estate VNQ	+1.7%	94.5K → 96.1K +$146.8K
5 Vanguard Value VTV	+0.78%	49.6K → 50.0K +$71.8K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard ESG U.S. Stock ESGV	-2.94%	24.9K → 24.2K −$86.8K
2 Vanguard FTSE Emerging Markets VWO	-2.36%	176.4K → 172.2K −$225.3K
3 Vanguard FTSE Developed Markets VEA	-1.98%	341.9K → 335.1K −$406.1K
4 Vanguard FTSE All-World EX-US Small-Cap Index Fund VSS	-0.93%	50.3K → 49.8K −$66.7K
5 Vanguard Large-Cap VV	-0.39%	61.4K → 61.2K −$73.0K