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TWIN FOCUS CAPITAL PARTNERS, LLC — 13F Holdings & Portfolio

CIK 1387761 · latest 13F-HR filed 2026-07-28

Backtest portfolio

TWIN FOCUS CAPITAL PARTNERS, LLC manages $982.7M in 13F-reported U.S. long-equity assets across 170 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IEFA (10.28%), IAU (9.18%), VTI (8.32%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 6; 108 existing positions rose in reported value and 26 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$982.7M

Long-equity book

Holdings
170

Distinct positions

Period
2026-06-30

Filed 2026-07-28

Q/Q Activity
+4 / −6 / ↑108 / ↓26

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IEFA10.3% · +1%IAU9.2% · +3%VTI8.3% · +3%DELL5.7% · -43%SPY3.8% · +4%ITOT3.0% · +3%SPYG2.8% · +5%GLD2.5% · +0%VXF2.5% · +397%VOO2.3% · +0%VTIP1.9% · +7%IVW1.9% · -2%AGG1.8% · -2%IWB1.7% · 0%VWO1.5% · +3%MRNA1.3% · 0%TIP1.3% · -0%VIG1.3% · +1%IEMG1.3% · -3%VEA1.2% · +5%QQQ1.2% · 0%IVV1.2% · 0%BKGI1.2% · 0%IWS1.1% · +3%CGEM1.1% · 0%ESGV1.0% · 0%XLU1.0% · +5%VUG1.0% · +511%VEU0.9% · +1%VOE0.9% · +3%VT0.9% · +10%HGER0.8% · +36%IJH0.8% · +0%VSGX0.7% · 0%IWR0.7% · -0%XLK0.7% · +5%IWM0.6% · +1%VTV0.6% · -0%VXUS0.6% · +9%KVYO0.6% · 0%EWJ0.6% · -0%EEM0.6% · 0%XLV0.5% · 0%VV0.5% · +2%VDE0.5% · -1%SOXX0.5% · +7%IWV0.5% · -0%IVE0.5% · -13%VSS0.4% · 0%DIA0.4% · 0%ILCG0.4% · 0%IWD0.4% · +2%IEI0.4% · +20%IEV0.4% · -14%SDY0.3% · -1%SPYV0.3% · +72%IJR0.3% · 0%VO0.3% · +300%VOXR0.2% · -11%IEF0.2% · +7%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 50.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 30, 2026.

Assets Under Management
$4.58B
Discretionary
$3.50B
Employees
37
Accounts
77
Address
75 PARK PLAZA
BOSTON, MA 02116
Phone
(617) 720-4500
Website
Name Title / Status Ownership Type
KARGER, PAUL ControlMANAGING MEMBER
since Jun 2006
25–50%Individual
KARGER, WESLEY ControlMANAGING MEMBER
since Jun 2006
25–50%Individual
PANTEKIDIS, JOHN ControlCHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
since Sep 2014
10–25%Individual
DAGLIO, DAVID, AngeloGLOBAL INVESTMENT STRATEGIST
since Oct 2023
Less than 5%Individual
GROSBAUM, LAURENCE, JOHN SOLOMONMANAGING DIRECTOR, PORTFOLIO MANAGEMENT
since Dec 2023
Less than 5%Individual
PERRY, JONATHAN, THOMASCHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER
since Dec 2020
Less than 5%Individual
Ownership & leadership changes · 12 filings with changes since Nov 29, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Apr 1, 2026 filing
  • ChangedDAGLIO, DAVID, Angelo · title CHIEF INVESTMENT OFFICER & GLOBAL INVESTMENT STRATEGIST → GLOBAL INVESTMENT STRATEGIST
  • ChangedPANTEKIDIS, JOHN · title CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL → CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
  • ChangedPERRY, JONATHAN, THOMAS · title CHIEF FINANCIAL OFFICER, MANAGING DIRECTOR, HR & BUSINESS OPERATIONS → CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER
Jul 3, 2025 filing
  • No longer listedGARDNER, ELIZABETH, COLLEEN · MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2022
  • ChangedPANTEKIDIS, JOHN · title GENERAL COUNSEL → CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
Mar 28, 2024 filing
  • AddedGROSBAUM, LAURENCE, JOHN SOLOMON · MANAGING DIRECTOR, PORTFOLIO MANAGEMENT · Less than 5%
Nov 14, 2023 filing
  • AddedDAGLIO, DAVID, Angelo · CHIEF INVESTMENT OFFICER & GLOBAL INVESTMENT STRATEGIST · Less than 5%
  • ChangedGARDNER, ELIZABETH, COLLEEN · title MANAGING DIRECTOR COMPLIANCE → MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER
  • ChangedKARGER, PAUL · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
  • ChangedPANTEKIDIS, JOHN · title CHIEF INVESTMENT OFFICER, GENERAL COUNSEL → GENERAL COUNSEL
Mar 31, 2023 filing
  • No longer listedLEHMAN, BETH · MANAGING DIRECTOR, LEGAL AND COMPLIANCE · Less than 5% · listed since Jan 2022
  • AddedGARDNER, ELIZABETH, COLLEEN · MANAGING DIRECTOR COMPLIANCE · Less than 5%
  • ChangedKARGER, PAUL · ownership 50–75% → 25–50%
  • ChangedKARGER, WESLEY · ownership 50–75% → 25–50%
  • ChangedPANTEKIDIS, JOHN · ownership Less than 5% → 10–25%
Mar 31, 2022 filing
  • AddedLEHMAN, BETH · MANAGING DIRECTOR, LEGAL AND COMPLIANCE · Less than 5%
Aug 5, 2021 filing
  • AddedPERRY, JONATHAN, THOMAS · CHIEF FINANCIAL OFFICER, MANAGING DIRECTOR, HR & BUSINESS OPERATIONS · Less than 5%
Sep 13, 2019 filing
  • No longer listedCOOPERMAN, KENNETH, WILLIAM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2019
  • ChangedKARGER, PAUL · title MANAGING MEMBER → MANAGING MEMBER, CHIEF COMPLIANCE OFFICER
May 17, 2019 filing
  • AddedCOOPERMAN, KENNETH, WILLIAM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedKARGER, PAUL · title MANAGING MEMBER, CCO → MANAGING MEMBER
  • ChangedPANTEKIDIS, JOHN · title CHIEF LEGAL OFFICER → CHIEF INVESTMENT OFFICER, GENERAL COUNSEL
Mar 29, 2019 filing
  • No longer listedPETRY, ROBERT, MICHAEL · CCO · Less than 5% · control person · listed since Mar 2015
  • ChangedKARGER, PAUL · title MANAGING MEMBER → MANAGING MEMBER, CCO
Older changes (3 more filings)
Dec 18, 2015 filing
  • AddedPETRY, ROBERT, MICHAEL · CCO · Less than 5% · control person
  • ChangedKARGER, PAUL · title MANAGING MEMBER / CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
Mar 31, 2015 filing
  • AddedPANTEKIDIS, JOHN · CHIEF LEGAL OFFICER · Less than 5% · control person
  • ChangedKARGER, PAUL · ownership 75% or more → 50–75%
  • ChangedKARGER, WESLEY · ownership 75% or more → 50–75%
Nov 29, 2011 filing (earliest on record)
  • ListedKARGER, PAUL · MANAGING MEMBER / CHIEF COMPLIANCE OFFICER · 75% or more · control person
  • ListedKARGER, WESLEY · MANAGING MEMBER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 108 →

Top Trims

Show all 26 →

New Positions

Show all 4 →

Exited Positions

Show all 6 →

TWIN FOCUS CAPITAL PARTNERS, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR IEFA 46432F842 $101.0M 10.28% 1,045,647 SH
2 ISHARES GOLD TR IAU 464285204 $90.3M 9.18% 1,195,340 SH
3 VANGUARD INDEX FDS VTI 922908769 $81.7M 8.32% 220,854 SH
4 DELL TECHNOLOGIES INC DELL 24703L202 $55.6M 5.66% 128,815 SH
5 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $37.0M 3.76% 49,527 SH
6 ISHARES TR ITOT 464287150 $29.8M 3.03% 181,344 SH
7 SPDR SERIES TRUST SPYG 78464A409 $27.5M 2.80% 231,019 SH
8 SPDR GOLD TR GLD 78463V107 $25.0M 2.55% 67,991 SH
9 VANGUARD INDEX FDS VXF 922908652 $24.9M 2.53% 101,011 SH
10 VANGUARD INDEX FDS VOO 922908363 $22.5M 2.29% 32,752 SH
11 VANGUARD MALVERN FDS VTIP 922020805 $18.3M 1.86% 364,472 SH
12 ISHARES TR IVW 464287309 $18.3M 1.86% 132,990 SH
13 ISHARES TR AGG 464287226 $17.9M 1.82% 180,684 SH
14 ISHARES TR IWB 464287622 $16.9M 1.72% 41,161 SH
15 VANGUARD INTL EQUITY INDEX F VWO 922042858 $14.7M 1.49% 245,938 SH
16 MODERNA INC MRNA 60770K107 $13.0M 1.32% 185,601 SH
17 ISHARES TR TIP 464287176 $12.5M 1.27% 114,397 SH
18 VANGUARD SPECIALIZED FUNDS VIG 921908844 $12.4M 1.26% 52,476 SH
19 ISHARES INC IEMG 46434G103 $12.4M 1.26% 149,413 SH
20 VANGUARD TAX-MANAGED FDS VEA 921943858 $12.2M 1.24% 170,727 SH
21 INVESCO QQQ TR QQQ 46090E103 $12.1M 1.24% 16,495 SH
22 ISHARES TR IVV 464287200 $12.1M 1.23% 16,116 SH
23 BNY MELLON ETF TRUST BKGI 09661T826 $11.4M 1.16% 252,819 SH
24 ISHARES TR IWS 464287473 $11.1M 1.13% 67,423 SH
25 CULLINAN THERAPEUTICS INC CGEM 230031106 $10.8M 1.10% 595,489 SH
26 VANGUARD WORLD FD ESGV 921910733 $10.2M 1.04% 77,100 SH
27 SELECT SECTOR SPDR TR XLU 81369Y886 $10.0M 1.02% 221,437 SH
28 VANGUARD INDEX FDS VUG 922908736 $9.7M 0.98% 112,180 SH
29 VANGUARD INTL EQUITY INDEX F VEU 922042775 $8.9M 0.91% 106,634 SH
30 VANGUARD INDEX FDS VOE 922908512 $8.8M 0.89% 44,344 SH
31 VANGUARD INTL EQUITY INDEX F VT 922042742 $8.5M 0.87% 54,226 SH
32 HARBOR ETF TRUST HGER 41151J505 $8.4M 0.85% 284,610 SH
33 ISHARES TR IJH 464287507 $7.8M 0.79% 101,213 SH
34 VANGUARD WORLD FD VSGX 921910725 $7.3M 0.74% 88,137 SH
35 ISHARES TR IWR 464287499 $6.6M 0.67% 59,452 SH
36 SELECT SECTOR SPDR TR XLK 81369Y803 $6.5M 0.66% 34,226 SH
37 ISHARES TR IWM 464287655 $6.4M 0.65% 21,209 SH
38 VANGUARD INDEX FDS VTV 922908744 $5.7M 0.58% 26,059 SH
39 VANGUARD STAR FDS VXUS 921909768 $5.6M 0.57% 65,166 SH
40 KLAVIYO INC KVYO 49845K101 $5.5M 0.56% 364,666 SH
41 ISHARES INC EWJ 46434G822 $5.4M 0.55% 58,176 SH
42 ISHARES TR EEM 464287234 $5.4M 0.55% 79,087 SH
43 SELECT SECTOR SPDR TR XLV 81369Y209 $5.1M 0.52% 32,269 SH
44 VANGUARD INDEX FDS VV 922908637 $5.1M 0.52% 14,776 SH
45 VANGUARD WORLD FD VDE 92204A306 $4.9M 0.50% 32,961 SH
46 ISHARES TR SOXX 464287523 $4.9M 0.49% 7,576 SH
47 ISHARES TR IWV 464287689 $4.8M 0.49% 11,226 SH
48 ISHARES TR IVE 464287408 $4.7M 0.48% 20,722 SH
49 VANGUARD INTL EQUITY INDEX F VSS 922042718 $4.4M 0.44% 28,289 SH
50 STATE STR SPDR DOW JONES IND DIA 78467X109 $4.2M 0.43% 8,022 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-28 $982.7M 170 0001172661-26-002872
2026-03-31 2026-05-14 $870.9M 173 0001172661-26-001948
2025-12-31 2026-02-17 $867.7M 180 0001172661-26-000934
2025-09-30 2025-11-12 $786.9M 188 0001172661-25-004731
Filer Information
Address
SEVENTY-FIVE PARK PLAZA
BOSTON, MA 02116
Phone
(617) 720-4500
Filing Manager
TWIN FOCUS CAPITAL PARTNERS, LLC
Boston, MA
Signatory
John Pantekidis
Chief Compliance Officer