# EDGAR Filing Document

**Accession Number:** 0001009209
**File Stem:** 0001580642-25-005122
**Filing Date:** 2025-8
**Character Count:** 24066
**Document Hash:** 21d931f6c8bf597e0cc9b4952a46e29a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-005122.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001580642-25-005122

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sand Hill Global Advisors, LLC
- **CENTRAL INDEX KEY:** 0001009209

**ORGANIZATION NAME:**
- **EIN:** 942800890
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05390
- **FILM NUMBER:** 251216392

**BUSINESS ADDRESS:**
- **STREET 1:** 245 LYTTON AVENUE
- **STREET 2:** SUITE 300
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301
- **BUSINESS PHONE:** 6508549150

**MAIL ADDRESS:**
- **STREET 1:** 245 LYTTON AVE
- **STREET 2:** SUITE 300
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sand Hill Advisors LLC
- **DATE OF NAME CHANGE:** 20090511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SAND HILL ADVISORS INC/CA
- **DATE OF NAME CHANGE:** 19990210

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Sand Hill Global Advisors LLC<br>**Address:** 245 Lytton Ave<br>Suite 300<br>Palo Alto, CA 94301

**Form 13F File Number:** 028-05390

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Caroline Curts<br>**Title:** Chief Compliance Officer<br>**Phone:** 650-854-9150

**Signature, Place, and Date of Signing:**

/s/ Caroline Curts  Palo Alto, CA  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 202

**Form 13F Information Table Value Total:** $2693784117

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 408612 | 2684 | SH |  | SOLE |  | 2684 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 8313577 | 61125 | SH |  | SOLE |  | 59818 | 0 | 1307 |
| ABBVIE INC | COM | 00287Y109 |  | 1317902 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 6140566 | 20545 | SH |  | SOLE |  | 20232 | 0 | 313 |
| AFLAC INC | COM | 001055102 |  | 775447 | 7353 | SH |  | SOLE |  | 7353 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 20603498 | 116913 | SH |  | SOLE |  | 112503 | 0 | 4410 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3818894 | 21528 | SH |  | SOLE |  | 21528 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 27916009 | 127244 | SH |  | SOLE |  | 125034 | 0 | 2210 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 6428064 | 61951 | SH |  | SOLE |  | 59452 | 0 | 2499 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 660927 | 2072 | SH |  | SOLE |  | 2072 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 201031 | 720 | SH |  | SOLE |  | 720 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 281612 | 1985 | SH |  | SOLE |  | 1985 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 30103442 | 146724 | SH |  | SOLE |  | 144325 | 0 | 2399 |
| APPLIED MATLS INC | COM | 038222105 |  | 1119107 | 6113 | SH |  | SOLE |  | 6113 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 9265740 | 29931 | SH |  | SOLE |  | 29280 | 0 | 651 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 701610 | 2275 | SH |  | SOLE |  | 2275 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 505468 | 4569 | SH |  | SOLE |  | 4569 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 13847200 | 19 | SH |  | SOLE |  | 18 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 7719825 | 15892 | SH |  | SOLE |  | 15697 | 0 | 195 |
| BGC GROUP INC | CL A | 088929104 |  | 118330 | 11567 | SH |  | SOLE |  | 11567 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 583246 | 12608 | SH |  | SOLE |  | 12608 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 9822894 | 9362 | SH |  | SOLE |  | 9169 | 0 | 193 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 8394687 | 1450 | SH |  | SOLE |  | 1422 | 0 | 28 |
| BROADCOM INC | COM | 11135F101 |  | 10242205 | 37157 | SH |  | SOLE |  | 36215 | 0 | 942 |
| CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 14020Y201 |  | 510873 | 19141 | SH |  | SOLE |  | 19141 | 0 | 0 |
| CARDLYTICS INC | COM | 14161W105 |  | 35295 | 21456 | SH |  | SOLE |  | 21456 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 302416 | 779 | SH |  | SOLE |  | 779 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 5879119 | 24142 | SH |  | SOLE |  | 23527 | 0 | 615 |
| CHEVRON CORP NEW | COM | 166764100 |  | 9048756 | 63194 | SH |  | SOLE |  | 61479 | 0 | 1715 |
| CISCO SYS INC | COM | 17275R102 |  | 788018 | 11358 | SH |  | SOLE |  | 10766 | 0 | 592 |
| CME GROUP INC | COM | 12572Q105 |  | 10764278 | 39055 | SH |  | SOLE |  | 38068 | 0 | 987 |
| COCA COLA CO | COM | 191216100 |  | 534021 | 7548 | SH |  | SOLE |  | 6748 | 0 | 800 |
| COEUR MNG INC | COM NEW | 192108504 |  | 168340 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3677819 | 3715 | SH |  | SOLE |  | 3715 | 0 | 0 |
| COURSERA INC | COM | 22266M104 |  | 543015 | 61988 | SH |  | SOLE |  | 61988 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 5155846 | 26100 | SH |  | SOLE |  | 25392 | 0 | 708 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 3992918 | 59578 | SH |  | SOLE |  | 59578 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 967142 | 26985 | SH |  | SOLE |  | 26985 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 466862 | 8652 | SH |  | SOLE |  | 8652 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 8224738 | 66323 | SH |  | SOLE |  | 65100 | 0 | 1223 |
| DOORDASH INC | CL A | 25809K105 |  | 12872259 | 52218 | SH |  | SOLE |  | 52218 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 14740063 | 240301 | SH |  | SOLE |  | 240301 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 244732 | 2074 | SH |  | SOLE |  | 1574 | 0 | 500 |
| EATON CORP PLC | SHS | G29183103 |  | 5876915 | 16462 | SH |  | SOLE |  | 16096 | 0 | 366 |
| ECOLAB INC | COM | 278865100 |  | 8946458 | 33204 | SH |  | SOLE |  | 32647 | 0 | 557 |
| ELI LILLY  CO | COM | 532457108 |  | 7000430 | 8980 | SH |  | SOLE |  | 8806 | 0 | 174 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 2780336 | 33450 | SH |  | SOLE |  | 32609 | 0 | 841 |
| EXPENSIFY INC | COM CL A | 30219Q106 |  | 52613 | 20314 | SH |  | SOLE |  | 20314 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1675642 | 15544 | SH |  | SOLE |  | 15231 | 0 | 313 |
| FAIR ISAAC CORP | COM | 303250104 |  | 274194 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 223272 | 5316 | SH |  | SOLE |  | 5316 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED ALP | COM SHS | 33734K109 |  | 269402 | 2450 | SH |  | SOLE |  | 2450 | 0 | 0 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 33740F755 |  | 319940 | 10061 | SH |  | SOLE |  | 10061 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 467678 | 1817 | SH |  | SOLE |  | 1817 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 216422 | 409 | SH |  | SOLE |  | 409 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 302786 | 2731 | SH |  | SOLE |  | 2731 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 247005 | 349 | SH |  | SOLE |  | 349 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 283395 | 15503 | SH |  | SOLE |  | 15503 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2435040 | 6642 | SH |  | SOLE |  | 6642 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 8461728 | 36335 | SH |  | SOLE |  | 35690 | 0 | 645 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 837175 | 2840 | SH |  | SOLE |  | 2840 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 6089206 | 7731 | SH |  | SOLE |  | 7564 | 0 | 167 |
| INVESCO EXCH TRADED FD TR II | ESG NASDAQ 100 | 46138G540 |  | 3119084 | 82450 | SH |  | SOLE |  | 82450 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 262755 | 1157 | SH |  | SOLE |  | 1157 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 313603 | 1726 | SH |  | SOLE |  | 1726 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 73578529 | 133381 | SH |  | SOLE |  | 123456 | 0 | 9926 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 415879 | 6669 | SH |  | SOLE |  | 6669 | 0 | 0 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 4323557 | 110379 | SH |  | SOLE |  | 107827 | 0 | 2552 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1039907 | 17323 | SH |  | SOLE |  | 17323 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 251224087 | 2810427 | SH |  | SOLE |  | 2602314 | 0 | 208113 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 140712439 | 2268824 | SH |  | SOLE |  | 2090748 | 0 | 178075 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 131453677 | 609174 | SH |  | SOLE |  | 565179 | 0 | 43995 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 64207767 | 647256 | SH |  | SOLE |  | 563847 | 0 | 83409 |
| ISHARES TR | CORE S ETF | 464287200 |  | 51787851 | 83408 | SH |  | SOLE |  | 39610 | 0 | 43798 |
| ISHARES TR | ULTRA SHORT DUR | 46434V878 |  | 50500508 | 995869 | SH |  | SOLE |  | 947268 | 0 | 48601 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 22917249 | 169381 | SH |  | SOLE |  | 166548 | 0 | 2833 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 13829610 | 145928 | SH |  | SOLE |  | 140592 | 0 | 5336 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 12574036 | 304235 | SH |  | SOLE |  | 293729 | 0 | 10506 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 10915377 | 122342 | SH |  | SOLE |  | 120774 | 0 | 1568 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 7544814 | 72213 | SH |  | SOLE |  | 72213 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 7147835 | 117293 | SH |  | SOLE |  | 117293 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 6278953 | 130161 | SH |  | SOLE |  | 129001 | 0 | 1160 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 5407116 | 42046 | SH |  | SOLE |  | 42046 | 0 | 0 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 5082454 | 106909 | SH |  | SOLE |  | 98675 | 0 | 8234 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 |  | 4978418 | 89315 | SH |  | SOLE |  | 81951 | 0 | 7364 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 4427405 | 13038 | SH |  | SOLE |  | 13038 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 3459009 | 9855 | SH |  | SOLE |  | 9855 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 2568166 | 8984 | SH |  | SOLE |  | 8984 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2251387 | 16672 | SH |  | SOLE |  | 16672 | 0 | 0 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 1565514 | 10409 | SH |  | SOLE |  | 10409 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 1127921 | 3706 | SH |  | SOLE |  | 3706 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1116645 | 2630 | SH |  | SOLE |  | 2630 | 0 | 0 |
| ISHARES TR | CORE S US VLU | 464287663 |  | 829621 | 8767 | SH |  | SOLE |  | 8767 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 573682 | 6872 | SH |  | SOLE |  | 6872 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 546952 | 2816 | SH |  | SOLE |  | 2816 | 0 | 0 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 408691 | 5623 | SH |  | SOLE |  | 5623 | 0 | 0 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 387328 | 16855 | SH |  | SOLE |  | 4191 | 0 | 12664 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 385113 | 3038 | SH |  | SOLE |  | 3038 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 329710 | 3314 | SH |  | SOLE |  | 1579 | 0 | 1735 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 306784 | 2807 | SH |  | SOLE |  | 2807 | 0 | 0 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 286844 | 3097 | SH |  | SOLE |  | 3097 | 0 | 0 |
| ISHARES TR | US REGNL BKS ETF | 464288778 |  | 202660 | 4090 | SH |  | SOLE |  | 4090 | 0 | 0 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 |  | 7228248 | 141453 | SH |  | SOLE |  | 141453 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 8647478 | 170629 | SH |  | SOLE |  | 170527 | 0 | 102 |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 46641Q647 |  | 1619406 | 32623 | SH |  | SOLE |  | 32623 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 268684 | 2044 | SH |  | SOLE |  | 2044 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7814097 | 51156 | SH |  | SOLE |  | 50255 | 0 | 901 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 24545748 | 84667 | SH |  | SOLE |  | 82729 | 0 | 1938 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 5417992 | 42026 | SH |  | SOLE |  | 41121 | 0 | 905 |
| KKR  CO INC | COM | 48251W104 |  | 316744 | 2381 | SH |  | SOLE |  | 2381 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1485408 | 15260 | SH |  | SOLE |  | 15260 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 371591 | 792 | SH |  | SOLE |  | 792 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 782314 | 3526 | SH |  | SOLE |  | 3526 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 315097 | 6965 | SH |  | SOLE |  | 6965 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 303575 | 553 | SH |  | SOLE |  | 553 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1515464 | 2697 | SH |  | SOLE |  | 2697 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 595150 | 2037 | SH |  | SOLE |  | 2037 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 230356 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 25549600 | 34616 | SH |  | SOLE |  | 34212 | 0 | 404 |
| MICROSOFT CORP | COM | 594918104 |  | 33719033 | 67789 | SH |  | SOLE |  | 65826 | 0 | 1963 |
| MOODYS CORP | COM | 615369105 |  | 202141 | 403 | SH |  | SOLE |  | 403 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1722121 | 1286 | SH |  | SOLE |  | 1286 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 247264 | 4417 | SH |  | SOLE |  | 4417 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4688296 | 80472 | SH |  | SOLE |  | 78404 | 0 | 2068 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 217076 | 3127 | SH |  | SOLE |  | 3127 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 226869 | 3287 | SH |  | SOLE |  | 3287 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 806654 | 58794 | SH |  | SOLE |  | 58794 | 0 | 0 |
| NUSHARES ETF TR | NUVEEN ESG INTL | 67092P805 |  | 424815 | 11970 | SH |  | SOLE |  | 11970 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 38257034 | 242148 | SH |  | SOLE |  | 237087 | 0 | 5061 |
| ORACLE CORP | COM | 68389X105 |  | 1028353 | 4704 | SH |  | SOLE |  | 4704 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1069158 | 7843 | SH |  | SOLE |  | 7843 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 8868074 | 43335 | SH |  | SOLE |  | 42390 | 0 | 945 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 11202411 | 16039 | SH |  | SOLE |  | 15729 | 0 | 310 |
| PEPSICO INC | COM | 713448108 |  | 452765 | 3429 | SH |  | SOLE |  | 3429 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 |  | 8565438 | 172135 | SH |  | SOLE |  | 172034 | 0 | 101 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 356428 | 1957 | SH |  | SOLE |  | 1257 | 0 | 700 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 48949228 | 531018 | SH |  | SOLE |  | 452033 | 0 | 78985 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 3409944 | 66393 | SH |  | SOLE |  | 63896 | 0 | 2497 |
| PIMCO ETF TR | ENHNCD LW DUR AC | 72201R718 |  | 1242532 | 12966 | SH |  | SOLE |  | 12966 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 8658368 | 54346 | SH |  | SOLE |  | 52987 | 0 | 1359 |
| PROGRESSIVE CORP | COM | 743315103 |  | 2122871 | 7955 | SH |  | SOLE |  | 7955 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 4440396 | 42241 | SH |  | SOLE |  | 41313 | 0 | 928 |
| QUANTA SVCS INC | COM | 74762E102 |  | 4778175 | 12638 | SH |  | SOLE |  | 12354 | 0 | 284 |
| REALTY INCOME CORP | COM | 756109104 |  | 200598 | 3482 | SH |  | SOLE |  | 3482 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 462299 | 3166 | SH |  | SOLE |  | 3112 | 0 | 54 |
| S GLOBAL INC | COM | 78409V104 |  | 333247 | 632 | SH |  | SOLE |  | 632 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 8224297 | 30160 | SH |  | SOLE |  | 29543 | 0 | 617 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 524448 | 5748 | SH |  | SOLE |  | 5748 | 0 | 0 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 4772117 | 195739 | SH |  | SOLE |  | 195739 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 3905927 | 159817 | SH |  | SOLE |  | 159817 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 2906040 | 131495 | SH |  | SOLE |  | 131495 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 876443 | 33073 | SH |  | SOLE |  | 33073 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 769261 | 18062 | SH |  | SOLE |  | 18062 | 0 | 0 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 717091 | 23792 | SH |  | SOLE |  | 23792 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 622508 | 25367 | SH |  | SOLE |  | 25367 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 216552 | 7559 | SH |  | SOLE |  | 7559 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1659940 | 12315 | SH |  | SOLE |  | 12315 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1572233 | 6209 | SH |  | SOLE |  | 6209 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 6340747 | 28336 | SH |  | SOLE |  | 27704 | 0 | 632 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 834625 | 2738 | SH |  | SOLE |  | 2566 | 0 | 172 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 225130746 | 364378 | SH |  | SOLE |  | 351740 | 0 | 12638 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 6912463 | 12202 | SH |  | SOLE |  | 12053 | 0 | 149 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 123891695 | 1704384 | SH |  | SOLE |  | 1670121 | 0 | 34263 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 465405 | 10925 | SH |  | SOLE |  | 10925 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 263336 | 2874 | SH |  | SOLE |  | 2874 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 9450893 | 23888 | SH |  | SOLE |  | 23321 | 0 | 567 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 275185 | 1215 | SH |  | SOLE |  | 1154 | 0 | 61 |
| TARGET CORP | COM | 87612E106 |  | 3571614 | 36205 | SH |  | SOLE |  | 35259 | 0 | 946 |
| TESLA INC | COM | 88160R101 |  | 6363527 | 20033 | SH |  | SOLE |  | 19680 | 0 | 353 |
| TEXAS INSTRS INC | COM | 882508104 |  | 277380 | 1336 | SH |  | SOLE |  | 1336 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 11184480 | 90570 | SH |  | SOLE |  | 88671 | 0 | 1899 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 1228155 | 13164 | SH |  | SOLE |  | 13164 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 504335 | 2192 | SH |  | SOLE |  | 2192 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 674891 | 2163 | SH |  | SOLE |  | 2163 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 10760966 | 136734 | SH |  | SOLE |  | 136734 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 219773 | 2985 | SH |  | SOLE |  | 2985 | 0 | 0 |
| VANGUARD CALIF TAX FREE FDS | TAX EXEMPT BD FD | 922021605 |  | 824902 | 8451 | SH |  | SOLE |  | 8451 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 301630643 | 531012 | SH |  | SOLE |  | 469740 | 0 | 61272 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 85066275 | 307165 | SH |  | SOLE |  | 283744 | 0 | 23421 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 76289474 | 856608 | SH |  | SOLE |  | 837746 | 0 | 18862 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 8879006 | 37467 | SH |  | SOLE |  | 37467 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 7199564 | 23688 | SH |  | SOLE |  | 22743 | 0 | 945 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2597942 | 9284 | SH |  | SOLE |  | 9284 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 2264711 | 7938 | SH |  | SOLE |  | 7938 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 1902945 | 6691 | SH |  | SOLE |  | 6691 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 157421821 | 3182811 | SH |  | SOLE |  | 2951694 | 0 | 231117 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1617170 | 24058 | SH |  | SOLE |  | 24058 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 316783 | 6461 | SH |  | SOLE |  | 6461 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 66404215 | 1110253 | SH |  | SOLE |  | 1034183 | 0 | 76070 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 6056787 | 76186 | SH |  | SOLE |  | 76186 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 1106132 | 18818 | SH |  | SOLE |  | 18818 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1651834 | 8071 | SH |  | SOLE |  | 8071 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 204792 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 18907417 | 331651 | SH |  | SOLE |  | 305917 | 0 | 25734 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 265975 | 401 | SH |  | SOLE |  | 401 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 15225215 | 52869 | SH |  | SOLE |  | 52869 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 3258864 | 7320 | SH |  | SOLE |  | 7129 | 0 | 191 |
| VISA INC | COM CL A | 92826C839 |  | 18379407 | 51766 | SH |  | SOLE |  | 50689 | 0 | 1076 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 7579366 | 33124 | SH |  | SOLE |  | 32438 | 0 | 686 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 400360 | 4997 | SH |  | SOLE |  | 4997 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 4562819 | 48712 | SH |  | SOLE |  | 47478 | 0 | 1233 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 9639108 | 123610 | SH |  | SOLE |  | 123610 | 0 | 0 |

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