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Wellspring Financial Advisors, LLC — 13F Holdings & Portfolio

CIK 1811308 · latest 13F-HR filed 2026-07-20

Backtest portfolio

Wellspring Financial Advisors, LLC manages $1.52B in 13F-reported U.S. long-equity assets across 288 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (22.87%), IEFA (6.58%), AAAU (5.80%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 37 new positions and exited 27; 133 existing positions rose in reported value and 65 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.

Loading holdings…
AUM
$1.52B

Long-equity book

Holdings
288

Distinct positions

Period
2026-06-30

Filed 2026-07-20

Q/Q Activity
+37 / −27 / ↑133 / ↓65

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
IVV22.9% · +1085%IEFA6.6% · +5%AAAU5.8% · +8%VYM4.7% · +2%SOXX4.6% · -28%VTI4.1% · -0%AAPL3.4% · -1%VGSH3.3% · +12%IEMG3.1% · +5%XLK3.0% · +38%XLV2.9% · +1%IFRA2.8% · +20%IWF2.3% · +298%SPY1.9% · +15%NVDA1.2% · -13%AMZN1.0% · -3%VTV1.0% · -0%VUG0.9% · +12%GOOG0.9% · -2%MSFT0.9% · -6%VOO0.8% · +49%MDY0.8% · -2%IVW0.8% · -0%IWD0.7% · -1%GOOGL0.7% · -3%SGOV0.6% · -50%SPYG0.6% · -3%SDY0.5% · -4%IAU0.5% · +0%JPM0.4% · -4%AVGO0.4% · -0%IJR0.4% · -1%SHC0.4% · +7%META0.3% · +1%JNJ0.3% · -6%IJH0.3% · 0%LLY0.3% · -10%GS0.3% · -71%COST0.3% · +0%V0.3% · -13%RSP0.3% · -2%FNDX0.2% · +19%XOM0.2% · -0%EFA0.2% · +12153%BRK.B0.2% · -13%AMAT0.2% · -9%BA0.2% · +0%QQQ0.2% · 0%IVE0.2% · 0%ABBV0.2% · -1%VXUS0.2% · 0%BAC0.2% · -3%AMD0.2% · +29%CSCO0.2% · +7%RTX0.2% · +0%RJF0.2% · -0%INTC0.2% · +28%VIG0.2% · -8%WMT0.2% · -4%TSLA0.2% · +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 = 61.4%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 20, 2026.

Assets Under Management
$5.06B
Discretionary
$1.64B
Employees
31
Accounts
2,051
Address
5900 LANDERBROOK DRIVE
SUITE 100
CLEVELAND, OH 44124
Phone
(216) 367-0680
Website
Name Title / Status Ownership Type
CAPUOZZO, LAURA, ANN ControlHEAD OF OPERATIONS | MANAGING DIRECTOR | CCO
since Jan 2007
Less than 5%Individual
KADLIC, JEFFREY, D ControlPRESIDENT & COO
since Sep 2024
Less than 5%Individual
NOVAK, MICHAEL, THOMAS ControlFOUNDER & CEO
since Jan 2007
25–50%Individual
TPO-FOUNTAIN, LLC ControlSHAREHOLDER
since Jan 2026
25–50%Domestic Entity
AMBROGIO, WILLIAM, JOSEPHSR. WEALTH ADVISOR | MANAGING DIRECTOR
since Jan 2023
Less than 5%Individual
Madzsar, Kathryn, ESR. WEALTH ADVISOR | MANAGING DIRECTOR
since Jan 2023
Less than 5%Individual
Staton, JenniferDIRECTOR
since Jan 2021
5–10%Individual
TURGEON, RICHARD, JOSEPHCIO | SENIOR MANAGING DIRECTOR
since Apr 2016
10–25%Individual
1902 CAPITAL, LLC Control
Indirect owner via TPO-FOUNTAIN, LLC
OWNER
since Jan 2026
75% or moreDomestic Entity
MARGOT AND TOM PRITZKER SCIENCE FOUNDATION Control
Indirect owner via 1902 CAPITAL, LLC
OWNER
since Jan 2026
25–50%Domestic Entity
Ownership & leadership changes · 8 filings with changes since Mar 29, 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.

Jan 26, 2026 filing
  • No longer listedMCLAUGHLIN, FREDERICK, DANIEL · SR. WEALTH ADVISOR | MANAGING DIRECTOR · 5–10% · listed since Jan 2023
  • Added1902 CAPITAL, LLC · OWNER · 75% or more · indirect via TPO-FOUNTAIN, LLC · control person
  • AddedMARGOT AND TOM PRITZKER SCIENCE FOUNDATION · OWNER · 25–50% · indirect via 1902 CAPITAL, LLC · control person
  • AddedTPO-FOUNTAIN, LLC · SHAREHOLDER · 25–50% · control person
  • ChangedAMBROGIO, WILLIAM, JOSEPH · ownership 5–10% → Less than 5%
  • ChangedCAPUOZZO, LAURA, ANN · ownership 5–10% → Less than 5%
  • ChangedMadzsar, Kathryn, E · ownership 5–10% → Less than 5%
  • ChangedNOVAK, MICHAEL, THOMAS · ownership 50–75% → 25–50%
  • ChangedStaton, Jennifer · ownership 10–25% → 5–10%
Aug 4, 2025 filing
  • AddedAMBROGIO, WILLIAM, JOSEPH · SR. WEALTH ADVISOR | MANAGING DIRECTOR · 5–10%
  • AddedMCLAUGHLIN, FREDERICK, DANIEL · SR. WEALTH ADVISOR | MANAGING DIRECTOR · 5–10%
  • AddedMadzsar, Kathryn, E · SR. WEALTH ADVISOR | MANAGING DIRECTOR · 5–10%
  • ChangedCAPUOZZO, LAURA, ANN · title CHIEF COMPLIANCE OFFICER → HEAD OF OPERATIONS | MANAGING DIRECTOR | CCO
  • ChangedNOVAK, MICHAEL, THOMAS · title MANAGING DIRECTOR → FOUNDER & CEO
  • ChangedTURGEON, RICHARD, JOSEPH · title DIRECTOR → CIO | SENIOR MANAGING DIRECTOR
Sep 23, 2024 filing
  • AddedKADLIC, JEFFREY, D · PRESIDENT & COO · Less than 5% · control person
Apr 13, 2021 filing
  • No longer listedDEMSEY, HEDWIG, TERESA · DIRECTOR · 10–25% · control person · listed since Jan 2009
  • AddedStaton, Jennifer · DIRECTOR · 10–25%
Mar 27, 2020 filing
  • ChangedCAPUOZZO, LAURA, ANN · ownership Less than 5% → 5–10%
Mar 29, 2019 filing
  • AddedTURGEON, RICHARD, JOSEPH · DIRECTOR · 10–25%
Dec 13, 2018 filing
  • No longer listedTHRANE, DONNA, LYNNE · DIRECTOR · 5–10% · control person · listed since Jan 2008
Mar 30, 2017 filing
  • No longer listedHYDE, RICHARD, C. · DIRECTOR · 10–25% · control person · listed since Jan 2008
Mar 29, 2012 filing (earliest on record)
  • ListedCAPUOZZO, LAURA, ANN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedDEMSEY, HEDWIG, TERESA · DIRECTOR · 10–25% · control person
  • ListedHYDE, RICHARD, C. · DIRECTOR · 10–25% · control person
  • ListedNOVAK, MICHAEL, THOMAS · MANAGING DIRECTOR · 50–75% · control person
  • ListedTHRANE, DONNA, LYNNE · DIRECTOR · 5–10% · 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 133 →

Top Trims

Show all 65 →

New Positions

Show all 37 →

Exited Positions

Show all 27 →

Wellspring Financial 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 ISHARES TR IVV 464287200 $347.2M 22.87% 4,794,502 SH
2 ISHARES TR IEFA 46432F842 $100.0M 6.58% 1,695,488 SH
3 GOLDMAN SACHS PHYSICAL GOLD AAAU 38150K103 $88.1M 5.80% 2,225,662 SH
4 VANGUARD WHITEHALL FDS VYM 921946406 $71.5M 4.71% 2,958,647 SH
5 ISHARES TR SOXX 464287523 $70.0M 4.61% 109,196 SH
6 VANGUARD INDEX FDS VTI 922908769 $62.2M 4.10% 6,157,836 SH
7 APPLE INC AAPL 037833100 $51.5M 3.39% 178,366 SH
8 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $50.3M 3.31% 863,583 SH
9 ISHARES INC IEMG 46434G103 $46.4M 3.06% 918,763 SH
10 SELECT SECTOR SPDR TR XLK 81369Y803 $45.2M 2.98% 237,362 SH
11 SELECT SECTOR SPDR TR XLV 81369Y209 $43.7M 2.88% 275,344 SH
12 ISHARES TR IFRA 46435U713 $42.7M 2.81% 676,791 SH
13 ISHARES TR IWF 464287614 $35.5M 2.34% 286,136 SH
14 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $28.8M 1.90% 866,550 SH
15 NVIDIA CORPORATION NVDA 67066G104 $18.4M 1.21% 92,274 SH
16 AMAZON COM INC AMZN 023135106 $15.4M 1.01% 64,409 SH
17 VANGUARD INDEX FDS VTV 922908744 $15.0M 0.99% 903,424 SH
18 VANGUARD INDEX FDS VUG 922908736 $13.7M 0.90% 1,164,575 SH
19 ALPHABET INC GOOG 02079K107 $13.4M 0.88% 37,862 SH
20 MICROSOFT CORP MSFT 594918104 $13.3M 0.88% 484,667 SH
21 VANGUARD INDEX FDS VOO 922908363 $12.3M 0.81% 521,959 SH
22 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $12.2M 0.80% 17,337 SH
23 ISHARES TR IVW 464287309 $11.7M 0.77% 85,038 SH
24 ISHARES TR IWD 464287598 $10.0M 0.66% 41,227 SH
25 ALPHABET INC GOOGL 02079K305 $10.0M 0.66% 27,924 SH
26 ISHARES TR SGOV 46436E718 $9.2M 0.60% 90,999 SH
27 SPDR SERIES TRUST SPYG 78464A409 $8.9M 0.59% 74,967 SH
28 SPDR SERIES TRUST SDY 78464A763 $8.1M 0.53% 52,926 SH
29 ISHARES GOLD TR IAU 464285204 $7.4M 0.49% 98,043 SH
30 JPMORGAN CHASE & CO JPM 46625H100 $5.6M 0.37% 17,097 SH
31 BROADCOM INC AVGO 11135F101 $5.6M 0.37% 14,817 SH
32 ISHARES TR IJR 464287804 $5.4M 0.35% 364,420 SH
33 SOTERA HEALTH CO SHC 83601L102 $5.3M 0.35% 2,061,790 SH
34 META PLATFORMS INC META 30303M102 $4.9M 0.32% 8,628 SH
35 JOHNSON & JOHNSON JNJ 478160104 $4.6M 0.30% 17,959 SH
36 ISHARES TR IJH 464287507 $4.4M 0.29% 1,284,848 SH
37 ELI LILLY & CO LLY 532457108 $4.3M 0.29% 3,616 SH
38 GOLDMAN SACHS GROUP INC GS 38141G104 $4.3M 0.28% 4,248 SH
39 COSTCO WHOLESALE CORPORATION COST 22160K105 $4.3M 0.28% 4,556 SH
40 VISA INC V 92826C839 $4.1M 0.27% 12,043 SH
41 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $3.8M 0.25% 18,024 SH
42 SCHWAB STRATEGIC TR FNDX 808524771 $3.7M 0.25% 119,966 SH
43 EXXON MOBIL CORP XOM 30231G102 $3.6M 0.24% 26,194 SH
44 ISHARES TR EFA 464287465 $3.4M 0.23% 1,746,175 SH
45 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $3.3M 0.21% 6,517 SH
46 APPLIED MATLS INC AMAT 038222105 $3.3M 0.21% 4,508 SH
47 BOEING CO BA 097023105 $3.2M 0.21% 14,938 SH
48 INVESCO QQQ TR QQQ 46090E103 $3.1M 0.21% 1,436,888 SH
49 ISHARES TR IVE 464287408 $3.0M 0.20% 13,220 SH
50 ABBVIE INC ABBV 00287Y109 $2.9M 0.19% 11,668 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-20 $1.52B 288 0001104659-26-084987
2026-03-31 2026-05-15 $1.33B 278 0001104659-26-062007
2025-12-31 2026-02-11 $1.26B 274 0001104659-26-013314
2025-09-30 2025-11-13 $1.09B 178 0001104659-25-111176
Filer Information
Address
5885 LANDERBROOK DR
SUITE 205
CLEVELAND, OH 44124
Phone
(216) 367-0680
Filing Manager
Wellspring Financial Advisors, LLC
CLEVELAND, OH
Signatory
Laura Capuozzo
Managing Director / CCO