Angeles Investment Advisors, LLC — 13F Holdings & Portfolio
CIK 1535695 · latest 13F-HR filed 2026-07-22
Angeles Investment Advisors, LLC manages $1.66B in 13F-reported U.S. long-equity assets across 31 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (55.26%), VXUS (14.33%), IWM (5.05%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 4; 15 existing positions rose in reported value and 7 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.
Long-equity book
Distinct positions
Filed 2026-07-22
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box 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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 93.2%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Jul 30, 2026.
SUITE 650
SANTA MONICA, CA 90401
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KRIDEL, SANDRA, C Control | CHIEF ADMINISTRATIVE OFFICER, PARTNER since Oct 2023 | Less than 5% | Individual |
| PERLOW, HOWARD, DAVID Control | MANAGING MEMBER, CHIEF EXECUTIVE OFFICER, PARTNER since Jan 2001 | 25–50% | Individual |
| ROSEN, MICHAEL, ADAM Control | MANAGING MEMBER, CHIEF INVESTMENT OFFICER, PARTNER since Jan 2001 | 25–50% | Individual |
| SHAVER, NICHOLAS, DALTON Control | CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER since Apr 2025 | Less than 5% | Individual |
| AZELTON, AARON | MANAGING DIRECTOR, PARTNER since Jan 2017 | Less than 5% | Individual |
| BURLON, MICHAEL | SENIOR MANAGING DIRECTOR, PORTFOLIO STRATEGY AND RESEARCH, PARTNER since Dec 2024 | Less than 5% | Individual |
| Brief, David, Robert | HEAD OF OCIO, PARTNER since Mar 2021 | Less than 5% | Individual |
| CADEI, GINA F | MANAGING DIRECTOR, OPERATIONS, PARTNER since Jul 2024 | Less than 5% | Individual |
| CRUZ, DERRICK | PRESIDENT & CEO OF APIC since Apr 2023 | Less than 5% | Individual |
| MCGIBBONS, ANNA, LOUISE | SENIOR MANAGING DIRECTOR, PARTNER since Apr 2016 | Less than 5% | Individual |
| RAIKH, EVGENIA | MANAGING DIRECTOR, PRIVATE MARKETS, PARTNER since Mar 2021 | Less than 5% | Individual |
| YUNG, WILLIAM, W | MANAGING DIRECTOR, PRIVATE MARKETS, PARTNER since Jan 2020 | Less than 5% | Individual |
Ownership & leadership changes · 12 filings with changes since Mar 30, 2012
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.
- ChangedYUNG, WILLIAM, W · title DIRECTOR, PRIVATE MARKETS, PARTNER → MANAGING DIRECTOR, PRIVATE MARKETS, PARTNER
- No longer listedSMETANA, STEPHEN, THOMAS · DIRECTOR OF FUND MANAGEMENT · Less than 5% · control person · listed since Jun 2023
- AddedSHAVER, NICHOLAS, DALTON · CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedSMETANA, STEPHEN, THOMAS · title CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, PARTNER → DIRECTOR OF FUND MANAGEMENT
- ChangedAZELTON, AARON · title DIRECTOR PUBLIC MARKETS → MANAGING DIRECTOR, PARTNER
- ChangedBURLON, MICHAEL · title HEDGE FUND RESEARCH CONSULTANT → SENIOR MANAGING DIRECTOR, PORTFOLIO STRATEGY AND RESEARCH, PARTNER
- ChangedBrief, David, Robert · title INVESTMENT OFFICER → HEAD OF OCIO, PARTNER
- ChangedCADEI, GINA F · title OPERATIONS ASSOCIATE → MANAGING DIRECTOR, OPERATIONS, PARTNER
- ChangedCRUZ, DERRICK · title DIRECTOR PRIVATE MARKETS → PRESIDENT & CEO OF APIC
- ChangedKRIDEL, SANDRA, C · title CHIEF ADMINISTRATIVE OFFICER → CHIEF ADMINISTRATIVE OFFICER, PARTNER
- ChangedMCGIBBONS, ANNA, LOUISE · title CONSULTANT → SENIOR MANAGING DIRECTOR, PARTNER
- ChangedPERLOW, HOWARD, DAVID · title MANAGING MEMBER → MANAGING MEMBER, CHIEF EXECUTIVE OFFICER, PARTNER
- ChangedRAIKH, EVGENIA · title DIRECTOR PRIVATE MARKETS → MANAGING DIRECTOR, PRIVATE MARKETS, PARTNER
- ChangedROSEN, MICHAEL, ADAM · title MANAGING MEMBER → MANAGING MEMBER, CHIEF INVESTMENT OFFICER, PARTNER
- ChangedSMETANA, STEPHEN, THOMAS · title CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, PARTNER
- ChangedYUNG, WILLIAM, W · title ASSOCIATE DIRECTOR PRIVATE MARKETS → DIRECTOR, PRIVATE MARKETS, PARTNER
- ChangedSMETANA, STEPHEN, THOMAS · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER
- AddedBrief, David, Robert · INVESTMENT OFFICER · Less than 5%
- AddedRAIKH, EVGENIA · DIRECTOR PRIVATE MARKETS · Less than 5%
- No longer listedBARGHOUTI, SHANA, E · CONSULTANT · Less than 5% · listed since Jan 2007
- No longer listedKAUTZ, LESLIE, B · MANAGING MEMBER · 25–50% · control person · listed since Jan 2001
- AddedCRUZ, DERRICK · DIRECTOR PRIVATE MARKETS · Less than 5%
- AddedYUNG, WILLIAM, W · ASSOCIATE DIRECTOR PRIVATE MARKETS · Less than 5%
- ChangedBARGHOUTI, SHANA, E · no longer a control person
- ChangedMCGIBBONS, ANNA, LOUISE · no longer a control person
- No longer listedYUN, SUSAN, SUNYOUNG · DIRECTOR PRIVATE CAPITAL · Less than 5% · listed since Jan 2016
Older changes (3 more filings)
- AddedAZELTON, AARON · DIRECTOR PUBLIC MARKETS · Less than 5%
- AddedCADEI, GINA F · OPERATIONS ASSOCIATE · Less than 5%
- AddedYUN, SUSAN, SUNYOUNG · DIRECTOR PRIVATE CAPITAL · Less than 5%
- AddedBURLON, MICHAEL · HEDGE FUND RESEARCH CONSULTANT · Less than 5%
- ListedBARGHOUTI, SHANA, E · CONSULTANT · Less than 5% · control person
- ListedKAUTZ, LESLIE, B · MANAGING MEMBER · 25–50% · control person
- ListedKRIDEL, SANDRA, C · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person
- ListedMCGIBBONS, ANNA, LOUISE · CONSULTANT · Less than 5% · control person
- ListedPERLOW, HOWARD, DAVID · MANAGING MEMBER · 25–50% · control person
- ListedROSEN, MICHAEL, ADAM · MANAGING MEMBER · 25–50% · control person
- ListedSMETANA, STEPHEN, THOMAS · CHIEF COMPLIANCE OFFICER · Less than 5% · 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)
- VANGUARD INDEX FDS$79.5M +9.5%
- ISHARES TR$71.8M +580.3%
- VANGUARD WORLD FD$31.6M +2970.2%
- ISHARES INC$28.2M +157.4%
- TCW ETF TRUST$20.1M +34.4%
Top Trims
- VANGUARD SCOTTSDALE FDS-$8.4M -12.9%
- VANGUARD SCOTTSDALE FDS-$7.9M -14.9%
- ISHARES TR-$1.1M -33.2%
- DIMENSIONAL ETF TRUST-$245.5K -5.3%
- VANGUARD MALVERN FDS-$72.1K -12.9%
New Positions
- VANGUARD WHITEHALL FDS$19.7M
- VANGUARD INTL EQUITY INDEX F$16.5M
- VANGUARD WHITEHALL FDS$9.2M
- ISHARES TR$7.6M
Exited Positions
- ISHARES TR$56.3M
- SELECT SECTOR SPDR TR$35.8M
- AMERICAN CENTY ETF TR$29.5M
- ISHARES TR$9.3M
Angeles Investment Advisors, 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 | VANGUARD INDEX FDS | VOO | 922908363 | $920.1M | 55.26% | 1,339,649 | SH |
| 2 | VANGUARD STAR FDS | VXUS | 921909768 | $238.5M | 14.33% | 2,790,197 | SH |
| 3 | ISHARES TR | IWM | 464287655 | $84.2M | 5.05% | 280,081 | SH |
| 4 | TCW ETF TRUST | VOTE | 29287L106 | $78.4M | 4.71% | 889,414 | SH |
| 5 | VANGUARD SCOTTSDALE FDS | VMBS | 92206C771 | $56.7M | 3.40% | 1,210,865 | SH |
| 6 | ISHARES INC | IEMG | 46434G103 | $46.2M | 2.77% | 557,155 | SH |
| 7 | VANGUARD SCOTTSDALE FDS | VCLT | 92206C813 | $45.3M | 2.72% | 602,320 | SH |
| 8 | VANGUARD WORLD FD | MGK | 921910816 | $32.6M | 1.96% | 371,190 | SH |
| 9 | VANGUARD WORLD FD | ESGV | 921910733 | $30.5M | 1.83% | 230,836 | SH |
| 10 | VANGUARD WHITEHALL FDS | VYM | 921946406 | $19.7M | 1.18% | 124,515 | SH |
| 11 | VANGUARD WORLD FD | VSGX | 921910725 | $19.3M | 1.16% | 234,590 | SH |
| 12 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $16.5M | 0.99% | 105,055 | SH |
| 13 | EVERUS CONSTR GROUP | ECG | 300426103 | $10.4M | 0.63% | 62,842 | SH |
| 14 | VANGUARD WHITEHALL FDS | VYMI | 921946794 | $9.2M | 0.55% | 93,500 | SH |
| 15 | KNIFE RIVER CORP | KNF | 498894104 | $8.5M | 0.51% | 101,510 | SH |
| 16 | ISHARES TR | IDV | 464288448 | $7.8M | 0.47% | 187,685 | SH |
| 17 | ISHARES TR | EFA | 464287465 | $7.6M | 0.45% | 72,735 | SH |
| 18 | VANGUARD INDEX FDS | VUG | 922908736 | $6.0M | 0.36% | 69,537 | SH |
| 19 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $5.5M | 0.33% | 92,081 | SH |
| 20 | MDU RES GROUP INC | MDU | 552690109 | $5.2M | 0.31% | 245,414 | SH |
| 21 | DIMENSIONAL ETF TRUST | DFSI | 25434V690 | $4.4M | 0.27% | 97,979 | SH |
| 22 | VANGUARD MALVERN FDS | VTG | 922020680 | $3.4M | 0.21% | 45,614 | SH |
| 23 | VANGUARD INDEX FDS | VTV | 922908744 | $3.2M | 0.19% | 14,573 | SH |
| 24 | ISHARES TR | EFG | 464288885 | $2.3M | 0.14% | 18,315 | SH |
| 25 | ISHARES TR | ACWI | 464288257 | $2.1M | 0.13% | 13,536 | SH |
| 26 | VANGUARD MALVERN FDS | VGVT | 922020714 | $486.0K | 0.03% | 6,458 | SH |
| 27 | PEPSICO INC | PEP | 713448108 | $423.3K | 0.03% | 3,126 | SH |
| 28 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $319.6K | 0.02% | 4,485 | SH |
| 29 | ISHARES TR | MUB | 464288414 | $84.5K | 0.01% | 785 | SH |
| 30 | VANGUARD INTL EQUITY INDEX F | VPL | 922042866 | $79.2K | 0.00% | 685 | SH |
| 31 | ISHARES TR | PFF | 464288687 | $6.1K | 0.00% | 200 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-22 | $1.66B | 31 | 0001398344-26-012448 |
| 2026-03-31 | 2026-04-28 | $1.49B | 31 | 0001398344-26-007421 |
| 2025-12-31 | 2026-02-17 | $1.50B | 27 | 0001398344-26-003256 |
SUITE 650
SANTA MONICA, CA 90401