Angeles Investment Advisors

SANTA MONICA, CAfiles as Angeles Investment Advisors, LLC

$1.7bn in 31 US stocks at the end of 30 June 2026. The top 10 are 93.2% of the money. It changed about 13.0% of the portfolio this quarter.

Value

$1.7bn

Stocks

Top 10 share

93.2%

Turnover

13.0%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Whitehall FDSVYM
1.2% of the fund
Vanguard Intl Equity Index FVT
1.0% of the fund
Vanguard Whitehall FDSVYMI
0.6% of the fund
Ishares TREFA
0.5% of the fund

Added

Bought more of a stock they already held.

Ishares TRIWM
5.1% of the fund
+462%
TCW ETF TrustVOTE
4.7% of the fund
+16%
IsharesIEMG
2.8% of the fund
+117%
Vanguard World FDMGK
2.0% of the fund
+2466%
Vanguard World FDESGV
1.8% of the fund
+24%
Vanguard World FDVSGX
1.2% of the fund
+36%
Ishares TRIDV
0.5% of the fund
+3201%
Vanguard Index FDSVUG
0.4% of the fund
+4%
Vanguard Intl Equity Index FVWO
0.3% of the fund
+22%

Cut

Sold some of their stake.

Vanguard Index FDSVOO
55.3% of the fund
-5%
Vanguard Star FDSVXUS
14.3% of the fund
-5%
Vanguard Scottsdale FDSVMBS
3.4% of the fund
-13%
Vanguard Scottsdale FDSVCLT
2.7% of the fund
-15%
Everus Construction GroupECG
0.6% of the fund
-3%
Dimensional ETF TrustDFSI
0.3% of the fund
-11%
Ishares TREFG
0.1% of the fund
-40%
Vanguard Malvern FDSVGVT
<0.1% of the fund
-12%
Vanguard Intl Equity Index FVPL
<0.1% of the fund
-21%

Sold out

Sold their entire stake.

Ishares TREFV
-100%
Select Sector Spdr TRXLE
-100%
American Centy ETF TRAVDV
-100%
Ishares TRIJH
-100%

Holdings

Vanguard Index FDSVOO
Share
55.3%
Value
$920m
Shares
1,339,649
-5%
Vanguard Star FDSVXUS
Share
14.3%
Value
$239m
Shares
2,790,197
-5%
Ishares TRIWM
Share
5.1%
Value
$84m
Shares
280,081
+462%
TCW ETF TrustVOTE
Share
4.7%
Value
$78m
Shares
889,414
+16%
Vanguard Scottsdale FDSVMBS
Share
3.4%
Value
$57m
Shares
1,210,865
-13%
IsharesIEMG
Share
2.8%
Value
$46m
Shares
557,155
+117%
Vanguard Scottsdale FDSVCLT
Share
2.7%
Value
$45m
Shares
602,320
-15%
Vanguard World FDMGK
Share
2.0%
Value
$33m
Shares
371,190
+2466%
Vanguard World FDESGV
Share
1.8%
Value
$31m
Shares
230,836
+24%
Vanguard Whitehall FDSVYM
Share
1.2%
Value
$20m
Shares
124,515
New
Vanguard World FDVSGX
Share
1.2%
Value
$19m
Shares
234,590
+36%
Vanguard Intl Equity Index FVT
Share
1.0%
Value
$16m
Shares
105,055
New
Everus Construction GroupECG
Share
0.6%
Value
$10m
Shares
62,842
-3%
Vanguard Whitehall FDSVYMI
Share
0.6%
Value
$9m
Shares
93,500
New
Knife RiverKNF
Share
0.5%
Value
$8m
Shares
101,510
Held
Ishares TRIDV
Share
0.5%
Value
$8m
Shares
187,685
+3201%
Ishares TREFA
Share
0.5%
Value
$8m
Shares
72,735
New
Vanguard Index FDSVUG
Share
0.4%
Value
$6m
Shares
69,537
+4%
Vanguard Intl Equity Index FVWO
Share
0.3%
Value
$5m
Shares
92,081
+22%
MDU Resources GroupMDU
Share
0.3%
Value
$5m
Shares
245,414
Held
Dimensional ETF TrustDFSI
Share
0.3%
Value
$4m
Shares
97,979
-11%
Vanguard Malvern FDSVTG
Share
0.2%
Value
$3m
Shares
45,614
Held
Vanguard Index FDSVTV
Share
0.2%
Value
$3m
Shares
14,573
Held
Ishares TREFG
Share
0.1%
Value
$2m
Shares
18,315
-40%
Ishares TRACWI
Share
0.1%
Value
$2m
Shares
13,536
Held
Vanguard Malvern FDSVGVT
Share
<0.1%
Value
$486,032
Shares
6,458
-12%
PepsiCoPEP
Share
<0.1%
Value
$423,260
Shares
3,126
Held
Vanguard Tax-Managed FDSVEA
Share
<0.1%
Value
$319,577
Shares
4,485
Held
Ishares TRMUB
Share
<0.1%
Value
$84,482
Shares
785
Held
Vanguard Intl Equity Index FVPL
Share
<0.1%
Value
$79,248
Shares
685
-21%
Ishares TRPFF
Share
<0.1%
Value
$6,098
Shares
200
Held

Company	Share of fund	Value	Shares	Change
Vanguard Index FDSVOO	55.3%	$920m	1,339,649	-5%
Vanguard Star FDSVXUS	14.3%	$239m	2,790,197	-5%
Ishares TRIWM	5.1%	$84m	280,081	+462%
TCW ETF TrustVOTE	4.7%	$78m	889,414	+16%
Vanguard Scottsdale FDSVMBS	3.4%	$57m	1,210,865	-13%
IsharesIEMG	2.8%	$46m	557,155	+117%
Vanguard Scottsdale FDSVCLT	2.7%	$45m	602,320	-15%
Vanguard World FDMGK	2.0%	$33m	371,190	+2466%
Vanguard World FDESGV	1.8%	$31m	230,836	+24%
Vanguard Whitehall FDSVYM	1.2%	$20m	124,515	New
Vanguard World FDVSGX	1.2%	$19m	234,590	+36%
Vanguard Intl Equity Index FVT	1.0%	$16m	105,055	New
Everus Construction GroupECG	0.6%	$10m	62,842	-3%
Vanguard Whitehall FDSVYMI	0.6%	$9m	93,500	New
Knife RiverKNF	0.5%	$8m	101,510	Held
Ishares TRIDV	0.5%	$8m	187,685	+3201%
Ishares TREFA	0.5%	$8m	72,735	New
Vanguard Index FDSVUG	0.4%	$6m	69,537	+4%
Vanguard Intl Equity Index FVWO	0.3%	$5m	92,081	+22%
MDU Resources GroupMDU	0.3%	$5m	245,414	Held
Dimensional ETF TrustDFSI	0.3%	$4m	97,979	-11%
Vanguard Malvern FDSVTG	0.2%	$3m	45,614	Held
Vanguard Index FDSVTV	0.2%	$3m	14,573	Held
Ishares TREFG	0.1%	$2m	18,315	-40%
Ishares TRACWI	0.1%	$2m	13,536	Held
Vanguard Malvern FDSVGVT	<0.1%	$486,032	6,458	-12%
PepsiCoPEP	<0.1%	$423,260	3,126	Held
Vanguard Tax-Managed FDSVEA	<0.1%	$319,577	4,485	Held
Ishares TRMUB	<0.1%	$84,482	785	Held
Vanguard Intl Equity Index FVPL	<0.1%	$79,248	685	-21%
Ishares TRPFF	<0.1%	$6,098	200	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 5.9% since 30 June 2025.

Where the money is

Retail & consumer0.6%

Materials0.5%

Utilities0.3%

Everyday goods0.0%

Other98.5%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.