Ballentine Partners LLC Activity Analysis: Q2 ETF Flows and Stock Transactions

As reported in their latest filing dated June 30, 2026, Ballentine Partners LLC has shown significant activity across its investment universe. The analysis reveals a complex portfolio management strategy focused on rebalancing and optimizing exposure to various asset classes.

The investor's holdings have undergone substantial changes this quarter, with notable shifts in allocation percentages for several stocks and ETFs:

• Increased Holdings: Ballentine Partners significantly boosted their position in VANGUARD INDEX FDS (VTI) by acquiring an additional 207,842 shares. The Vanguard Total Stock Market ETF also saw a substantial increase of over half a million shares.
• Decreased Holdings: Conversely, the investor reduced their stake in ISHARES TR (IVV), VANGUARD INDEX FDS (SPY), and Vanguard S&P 500 ETF (SPYV). There were also notable decreases in holdings of WIPRO LTD (WIT) and TRANSOCEAN LTD (H8817H100).

Specifically, Ballentine Partners demonstrated strong buying interest this quarter by increasing their allocations to several ETFs:

• ISHARES TR (IWF): The investor added over 200,000 shares of the iShares Core MSCI World Small Cap ETF.
• VANGUARD INDEX FDS (VO): Ballentine acquired more than 275,000 shares of this Vanguard fund tracking small-cap stocks.
• VUG (Vanguard Information Technology ETF): The investor purchased an additional 65,600 shares in the tech-focused VANGUARD INDEX FDS.
• CIRCLE INTERNET GROUP INC (CRCL): Ballentine increased their position by acquiring approximately 379,124 shares of this company.

Simultaneously, the investor exhibited significant selling activity:

• SPYV (Vanguard S&P 500 ETF): Ballentine sold off their position in SPYV entirely during this quarter.
• STATE STR SPDR S&P 500 ETF T (SPY): The investor reduced their holdings of the popular broad-market ETF by over 500 shares, representing a small percentage decrease.

These changes reflect Ballentine Partners' dynamic investment approach. Their portfolio now includes:

• A substantial position in VTI (Vanguard Total Stock Market ETF)
• Increased exposure to smaller-cap stocks via IWF, VO, and VUG
• Ongoing interest in specific sectors like Technology through holdings of WIT and LPL

The investor's portfolio has seen significant turnover this quarter. Ballentine Partners appears focused on capitalizing on market opportunities while strategically adjusting their core holdings.