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Livermore
Livermore
ZHEN

Asset Dedication, LLC

SEC CIK
0001475896
Latest filing
Jul 30, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Jan 26, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
1,126
−16 vs. Q3 2025
Portfolio value
$1.52B
+$34.7M (+2.3%) vs. Q3 2025
Filed
Jan 26, 2026
SEC
Holdings of Asset Dedication, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Dimensional U.S. Core Equity 2 ETF25434V708ETF4,350,772$172.2M11.3%+88,285+2.1%Added–
Dimensional U.S. Targeted Value ETF25434V609ETF2,600,142$154.8M10.2%+87,070+3.5%Added–
Dimensional ETF Trust25434V740EMERGING MKTS VA2,652,610$89.5M5.9%+54,595+2.1%Added–
Dimensional ETF Trust25434V799INTL CORE EQUITY2,519,884$86.8M5.7%+142,851+6.0%Added–
Dimensional ETF Trust25434V732EMERGING MKTS CO2,616,035$86.5M5.7%+39,888+1.5%Added–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF1,955,734$64.0M4.2%−83,927−4.1%Reduced–
Dimensional ETF Trust25434V401US EQUI MARK ETF699,869$51.9M3.4%+1,761+0.3%Added–
Dimensional ETF Trust25434V781INTL SMALL CAP V1,238,418$47.1M3.1%−13,613−1.1%Reduced–
Invesco Exch TRD SLF Idx FD46138J791BULSHS 2026 CB1,416,991$27.7M1.8%+67,660+5.0%Added–
AAPLApple Inc.Stock96,560$26.3M1.7%−897−0.9%ReducedHistory
NVDANVIDIA CorpStock108,619$20.3M1.3%−1,006−0.9%ReducedHistory
State Street SPDR S&P 400 Mid Cap Value ETF78464A839ETF232,310$19.7M1.3%−1,823−0.8%Reduced–
MSFTMicrosoft CorpStock36,684$17.7M1.2%−775−2.1%ReducedHistory
Invesco Exch TRD SLF Idx FD46138J783BULSHS 2027 CB882,010$17.4M1.1%+89,383+11.3%Added–
Invesco Exch TRD SLF Idx FD46138J643INVSCO BLSH 28792,335$16.3M1.1%+198,240+33.4%Added–
iShares Tr464287150CORE S&P TTL STK87,342$13.0M0.9%−2,846−3.2%Reduced–
AVGOBroadcom Inc.Stock35,508$12.3M0.8%−429−1.2%ReducedHistory
Invesco Exch TRD SLF Idx FD46138J577BULETSHS 2029616,952$11.6M0.8%+64,459+11.7%Added–
Invesco Exch TRD SLF Idx FD46138J460INVSCO 30 CORP645,966$10.9M0.7%+142,975+28.4%Added–
AMZNAmazon Com IncStock46,121$10.6M0.7%−313−0.7%ReducedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF30,837$10.3M0.7%−443−1.4%Reduced–
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF111,605$10.2M0.7%−4,984−4.3%Reduced–
JPMJPMorgan Chase & CoStock30,744$9.91M0.7%−897−2.8%ReducedHistory
Schwab U.S. Large-Cap ETF808524201ETF355,323$9.56M0.6%−50,513−12.4%Reduced–
WMTWalmart Inc.Stock81,842$9.12M0.6%+1,628+2.0%AddedHistory
AXPAmerican Express CoStock24,189$8.95M0.6%+435+1.8%AddedHistory
iShares S&P Small-Cap 600 Value ETF464287879ETF77,424$8.80M0.6%−2,102−2.6%Reduced–
Invesco Exch TRD SLF Idx FD46138J429BULETSHS 2031 CP496,329$8.29M0.5%+94,091+23.4%Added–
SPYSPDR S&P 500 ETF TrustETF12,043$8.21M0.5%+588+5.1%AddedHistory
GOOGAlphabet Inc.Stock25,985$8.15M0.5%−290−1.1%ReducedHistory
CATCaterpillar IncStock13,983$8.01M0.5%+439+3.2%AddedHistory
iShares Core Dividend Growth ETF46434V621ETF112,613$7.82M0.5%−5,020−4.3%Reduced–
Schwab Fundamental Emerging Markets Equity ETF808524730ETF204,549$7.38M0.5%−2,803−1.4%Reduced–
Schwab U.S. Small-Cap ETF808524607ETF250,924$7.15M0.5%−1,495−0.6%Reduced–
iShares Core MSCI Eafe ETF46432F842ETF79,723$7.13M0.5%−1,571−1.9%Reduced–
NFLXNetflix IncStock74,328$6.97M0.5%+508+0.7%AddedConverted for a 10-for-1 splitHistory
iShares S&P Mid-Cap 400 Value ETF464287705ETF51,725$6.81M0.4%−467−0.9%Reduced–
Invesco Exch TRD SLF Idx FD46139W858BULLETSHS 2032316,959$6.62M0.4%+85,733+37.1%Added–
VVisa Inc.Stock18,420$6.46M0.4%−80.0%ReducedHistory
GSGoldman Sachs Group IncStock7,213$6.34M0.4%+33+0.5%AddedHistory
Vanguard S&P 500 ETF922908363ETF9,912$6.22M0.4%+229+2.4%Added–
iShares Tr46436E858IBONDS 26 TRM TS271,240$6.20M0.4%+206,731+320.5%Added–
ORCLOracle CorpStock30,600$5.96M0.4%+383+1.3%AddedHistory
XOMExxonMobil Holdings CorpCOM48,715$5.86M0.4%−640−1.3%ReducedHistory
METAMeta Platforms, Inc.Stock8,746$5.77M0.4%−311−3.4%ReducedHistory
IBMInternational Business Machines CorpStock18,415$5.45M0.4%+513+2.9%AddedHistory
GOOGLAlphabet Inc.Stock17,163$5.37M0.4%−162−0.9%ReducedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF78,716$5.29M0.3%−1,323−1.7%Reduced–
Invesco Exch TRD SLF Idx FD46139W825BUL 2033 COR ETF225,063$4.83M0.3%+71,805+46.9%Added–
Dimensional ETF Trust25434V690INTERNATIONAL109,271$4.68M0.3%−767−0.7%Reduced–
LLYEli Lilly & CoStock4,336$4.66M0.3%+4+0.1%AddedHistory
COSTCostco Wholesale CorpStock5,322$4.59M0.3%−116−2.1%ReducedHistory
iShares Tr46436E841IBONDS 27 TRM TS198,025$4.45M0.3%+105,871+114.9%Added–
iShares Tr46435G326CORE MSCI INTL52,180$4.30M0.3%+3,327+6.8%Added–
TRVTravelers Companies, Inc.Stock14,800$4.29M0.3%+83+0.6%AddedHistory
Invesco Exch TRD SLF Idx FD46138J510BULSHS 2026 MUNI181,064$4.28M0.3%+33,066+22.3%Added–
Schwab U.S. Large-Cap Growth ETF808524300ETF127,897$4.17M0.3%+3,158+2.5%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF85,994$4.03M0.3%−882−1.0%Reduced–
RTXRTX CorpStock20,850$3.82M0.3%−659−3.1%ReducedHistory
CSCOCisco Systems, Inc.Stock49,420$3.81M0.2%+1,837+3.9%AddedHistory
MCDMcDonalds CorpStock12,404$3.79M0.2%−61−0.5%ReducedHistory
HDHome Depot, Inc.Stock10,794$3.71M0.2%−564−5.0%ReducedHistory
Dimensional ETF Trust25434V716US SUSTAINABILTY84,799$3.68M0.2%−883−1.0%Reduced–
AMGNAmgen IncStock10,972$3.59M0.2%−461−4.0%ReducedHistory
iShares Core S&P 500 ETF464287200ETF5,171$3.54M0.2%+45+0.9%Added–
Dimensional ETF Trust25434V682EMER MARK SU ETF85,379$3.54M0.2%+2,317+2.8%Added–
KOCoca Cola CoStock50,630$3.54M0.2%−2,685−5.0%ReducedHistory
iShares Tr46436E833IBONDS 28 TRM TS157,804$3.53M0.2%+111,158+238.3%Added–
JNJJohnson & JohnsonStock16,965$3.51M0.2%−445−2.6%ReducedHistory
iShares Tr46436E825IBONDS 29 TRM TS151,272$3.32M0.2%+96,836+177.9%Added–
Invesco QQQ Trust Series I46090E103ETF5,373$3.30M0.2%−55−1.0%Reduced–
Schwab U.S. Broad Market ETF808524102ETF125,424$3.29M0.2%−3,481−2.7%Reduced–
Invesco Exch TRD SLF Idx FD46138J494BULSHS 2027 MUNI138,717$3.28M0.2%+30,078+27.7%Added–
iShares Tr46436E593IBOND DEC 2030160,490$3.18M0.2%+117,194+270.7%Added–
MAMastercard IncStock5,563$3.18M0.2%−162−2.8%ReducedHistory
MMM3M CoStock19,682$3.15M0.2%+933+5.0%AddedHistory
iShares S&P 500 Value ETF464287408ETF14,669$3.11M0.2%+2,516+20.7%Added–
iShares Tr46436E460IBONDS DEC 2031143,426$2.94M0.2%+108,693+312.9%Added–
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 16,068$2.92M0.2%−30−0.5%ReducedHistory
Invesco Exch TRD SLF Idx FD46138J486BULSHS 2028 MUNI122,008$2.87M0.2%+22,467+22.6%Added–
UNHUnitedHealth Group IncStock8,270$2.73M0.2%+199+2.5%AddedHistory
iShares Tr464288802ESG OPTIMIZED18,820$2.62M0.2%+560+3.1%Added–
Vanguard Ftse Developed Markets ETF921943858ETF41,767$2.61M0.2%+174+0.4%Added–
iShares S&P Small-Cap 600 Growth ETF464287887ETF18,391$2.60M0.2%+983+5.6%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF48,168$2.59M0.2%+1,569+3.4%Added–
iShares Russell 1000 Growth ETF464287614ETF5,423$2.57M0.2%−53−1.0%Reduced–
PGProcter & Gamble CoStock17,777$2.55M0.2%−3,298−15.6%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF13,129$2.51M0.2%−530−3.9%Reduced–
iShares Tr46436E296IBONDS DEC 2032108,595$2.51M0.2%+105,262+3,158.2%Added–
ABBVAbbVie Inc.Stock10,716$2.45M0.2%−384−3.5%ReducedHistory
American Centy ETF Tr025072877US SML CP VALU22,627$2.31M0.2%−349−1.5%Reduced–
Vanguard Morningstar Growth ETF922908736ETF4,700$2.29M0.2%−368−7.3%Reduced–
Invesco Exch TRD SLF Idx FD46139W783BULL 2034 CO ETF108,896$2.29M0.2%+65,199+149.2%Added–
CVXChevron CorpStock14,194$2.16M0.1%−770−5.1%ReducedHistory
NOWServiceNow, Inc.Stock14,032$2.15M0.1%−1,168−7.7%ReducedConverted for a 5-for-1 splitHistory
LOWLowes Companies IncStock8,437$2.03M0.1%+533+6.7%AddedHistory
iShares Tr46435U663ESG AWARE MSCI44,099$2.03M0.1%+1,902+4.5%Added–
TMUST-Mobile US, Inc.Stock9,961$2.02M0.1%−176−1.7%ReducedHistory
Schwab U.S. Large-Cap Value ETF808524409ETF67,883$2.01M0.1%−4,606−6.4%Reduced–
HUBBHubbell IncCOM4,520$2.01M0.1%00.0%UnchangedHistory

Sold out since Q3 2025 (57)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Asset Dedication, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
Invesco Exch TRD SLF Idx FD46138J825BULSHS 2025 CB1,381,651$28.6M1.9%–
iShares Tr46436E866IBONDS 25 TRM TS418,052$9.77M0.7%–
Invesco Exch TRD SLF Idx FD46138J528BULSHS 2025 MUNI126,176$3.09M0.2%–
iShares Tr46435U432IBONDS DEC 2531,285$838.1K0.1%–
FISFidelity National Information Services, Inc.Stock3,336$220.0K<0.1%History
PAGPPlains GP Holdings LPLTD PARTNR INT A11,687$213.2K<0.1%History
iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1ETF7,247$182.6K<0.1%–
Invesco Exchange Traded FD T46137V449S&P 100 EQL WIGH600$68.8K<0.1%–
iShares Tr464287184CHINA LG-CAP ETF1,350$55.5K<0.1%–
VLYValley National BancorpCOM4,725$50.1K<0.1%History
LYGLloyds Banking Group plcSPONSORED ADR7,421$33.7K<0.1%History
KKellanovaStock400$32.8K<0.1%History
ULUnilever PLCSPON ADR NEW476$28.2K<0.1%History
Alps ETF Tr00162Q387OSHARES US QUALT475$26.9K<0.1%–
KKRKKR & Co. Inc.COM200$26.0K<0.1%History
Invesco Exchange Traded FD T46137V381S&P500 EQL DIS450$26.0K<0.1%–
State Street SPDR S&P Biotech ETF78464A870ETF235$23.5K<0.1%–
Dimensional ETF Trust25434V625US COR EQU 1 ETF309$22.2K<0.1%–
HDBHDFC Bank LtdSPONSORED ADS588$20.1K<0.1%History
Exchange Traded Concepts Tru301505624BITWISE CRYPTO758$19.0K<0.1%–
PSECProspect Capital CorpCOM5,880$16.2K<0.1%History
EPREpr PropertiesCOM SH BEN INT275$16.0K<0.1%History
TTETotalEnergies SESPONSORED ADS216$12.9K<0.1%History
Copel-ADR20441B605ADR922$9.04K<0.1%–
State Street Real Estate Select Sector SPDR ETF81369Y860ETF203$8.55K<0.1%–
PINSPinterest, Inc.CL A243$7.82K<0.1%History
FSKFS KKR Capital CorpCOM450$6.72K<0.1%History
LYVLive Nation Entertainment, Inc.COM38$6.21K<0.1%History
DUOLDuolingo, Inc.CL A COM15$4.83K<0.1%History
Schwab Strategic Tr808524656CRYPTO THEMATIC50$3.93K<0.1%–
BSYBentley Systems IncCOM CL B63$3.24K<0.1%History
Fidelity Covington Trust31609A107ENHANCED LARGE95$3.17K<0.1%–
KYNKayne Anderson Energy Infrastructure Fund, Inc.COM254$3.14K<0.1%History
NXDTNexpoint Diversified Real Estate TrustCOM NEW835$3.08K<0.1%History
TSCOTractor Supply CoCOM50$2.84K<0.1%History
IPGInterpublic Group of Companies, Inc.COM95$2.65K<0.1%History
SOFISoFi Technologies, Inc.Stock100$2.64K<0.1%History
iShares Tr464288885EAFE GRWTH ETF23$2.62K<0.1%–
HRLHormel Foods CorpCOM100$2.47K<0.1%History
KNDIKandi Technologies Group, Inc.USD ORD SHS2,000$2.42K<0.1%History
ARK Innovation ETF00214Q104ETF22$1.90K<0.1%–
ACPabrdn Income Credit Strategies FundCOM272$1.58K<0.1%History
FTHYFirst Trust High Yield Opportunities 2027 Term FundCOM107$1.55K<0.1%History
ALGNAlign Technology IncCOM12$1.50K<0.1%History
WIXWix.com Ltd.SHS8$1.42K<0.1%History
EMDWestern Asset Emerging Markets Debt Fund Inc.COM133$1.37K<0.1%History
EVVEaton Vance Ltd Duration Income FundCOM124$1.26K<0.1%History
BGHBarings Global Short Duration High Yield FundCOM79$1.22K<0.1%History
AIC3.ai, Inc.Stock50$867<0.1%History
WSOWatsco IncCOM2$809<0.1%History
SPDR Series Trust78468R622ST BLOO HIGH ETF8$784<0.1%–
QSQuantumScape CorpCOM CL A10$124<0.1%History
TCRTAlaunos Therapeutics, Inc.Stock46$111<0.1%History
MGFAberdeen Government Markets Income FundSH BEN INT31$97<0.1%History
ZZillow Group, Inc.CL C CAP STK1$78<0.1%History
Cohen & Steers Infrastructur19248A117RIGHT 10/16/2025562$44<0.1%–
BYNDBeyond Meat, Inc.COM21$40<0.1%History