Five Pine Wealth Management

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $177M
Positions: 50
Quarter ended: September 30, 2026
Filed: October 20, 2026

Reported portfolio value by quarter (8 quarters reported)

$177M $119M

Q4 24 Q2 25 Q4 25 Q2 26 Q3 26

$119M in Q4 2024 → $177M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
VB Vanguard Bd Index Fds	13.7%	Added 3.6%	345,213	$24.2M
VI Vanguard Intl Equity Index F	13.0%	Added 0.4%	277,970	$23.1M
VI Vanguard Index Fds	9.5%	Trimmed 2.3%	185,624	$16.7M
VI Vanguard Index Fds	7.6%	Trimmed 0.3%	61,946	$13.4M
VS Vanguard Scottsdale Fds	7.5%	Added 27%	234,960	$13.3M
VI Vanguard Index Fds	7.1%	Added 0.1%	18,002	$12.6M
VI Vanguard Index Fds	5.2%	Added 0.3%	32,075	$9.12M
VI Vanguard Index Fds	3.8%	Trimmed 2.8%	18,160	$6.8M
VC Vanguard Charlotte Fds	3.8%	Added 15%	142,205	$6.67M
VI Vanguard Index Fds	3.3%	Added 1.5%	74,548	$5.85M
FT First Tr Exchange Traded Fd	3.1%	Trimmed 5.5%	68,924	$5.4M
VS Vanguard Scottsdale Fds	2.3%	Trimmed 22%	62,874	$4.14M
FT First Tr Exchng Traded Fd Vi	2.2%	Trimmed 1.6%	103,046	$3.86M
VI Vanguard Index Fds	1.9%	Trimmed 1.6%	14,644	$3.39M
VS Vanguard Scottsdale Fds	1.5%	Trimmed 6.8%	34,203	$2.64M
IG Ishares Gold Tr	1.5%	Added 0.8%	33,739	$2.64M
VS Vanguard Scottsdale Fds	1.4%	Added 54%	42,455	$2.44M
FT First Tr Exchng Traded Fd Vi	1.4%	Trimmed 1.7%	80,049	$2.43M
VW Vanguard Whitehall Fds	1.2%	Trimmed 2.9%	22,788	$2.15M
VI Vanguard Index Fds	1.2%	Added 10%	22,704	$2.03M
VI Vanguard Intl Equity Index F	1.1%	Added 3.8%	12,252	$1.93M
VB Vanguard Bd Index Fds	0.7%	Trimmed 26%	16,731	$1.22M
IU Ishares U S ETF Tr	0.7%	Trimmed 11%	24,103	$1.2M
SS Schwab Strategic Tr	0.6%	Trimmed 1.2%	30,006	$1.02M
FW Fidelity Wise Origin Bitcoin	0.6%	Trimmed 1.9%	13,717	$996K
SS SPDR Series Trust	0.3%	Added 14%	6,372	$584K
VW Vanguard World Fd	0.3%	Trimmed 1.0%	3,572	$484K
Costco Wholesale Corporation	0.3%	Added 0.4%	494	$450K
FT First Tr Exchng Traded Fd Vi	0.2%	Trimmed 1.8%	13,917	$394K
IT Ishares Tr	0.2%	Trimmed 7.3%	3,856	$376K
VA Vanguard Admiral Fds Inc	0.2%	Added 0.1%	4,126	$353K
IT Ishares Tr	0.2%	Added 9.7%	15,578	$342K
First Majestic Silver Corp	0.2%	New	17,678	$313K
VW Vanguard World Fd	0.2%	Trimmed 0.6%	3,837	$311K
RF Rbb Fd Inc	0.2%	New	6,194	$309K
IT Ishares Tr	0.2%	New	13,700	$300K
IS Ishares Silver Tr	0.2%	Added 29%	5,410	$295K
Microsoft Corp	0.2%	Added 1.3%	552	$283K
VS Vanguard Star Fds	0.2%	Trimmed 4.4%	3,136	$266K
Broadcom Inc	0.2%	Added 0.1%	757	$266K
VI Vanguard Intl Equity Index F	0.1%	Added 0.2%	4,266	$253K
IE Innovator Etfs Trust	0.1%	Unchanged	9,350	$253K
FT First Tr Exchange-traded Fd	0.1%	Unchanged	12,105	$253K
IE Innovator Etfs Trust	0.1%	Trimmed 39%	9,157	$242K
Apple Inc	0.1%	New	680	$227K
VW Vanguard Whitehall Fds	0.1%	Added 0.8%	2,127	$215K
Micron Technology Inc	0.1%	Unchanged	202	$215K
IT Ishares Tr	0.1%	Added 0.4%	275	$211K
FT First Tr Exchng Traded Fd Vi	0.1%	Trimmed 26%	4,051	$207K
NL Northern Lts Fd Tr Iv	0.1%	Trimmed 30%	3,747	$203K

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 7 quarters.

Q3 2026

quarter ended September 30, 2026 · filed October 20, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+49,662	+$2.81M	7.5%
VS Vanguard Scottsdale Fds	Trimmed	−18,027	−$1.19M	2.3%
VC Vanguard Charlotte Fds	Added	+19,052	+$893K	3.8%
VS Vanguard Scottsdale Fds	Added	+14,914	+$858K	1.4%
VB Vanguard Bd Index Fds	Added	+11,980	+$840K	13.7%
PE Pimco ETF Tr	Exited	−5,087	−$513K	—
VB Vanguard Bd Index Fds	Trimmed	−5,982	−$436K	0.7%
VI Vanguard Index Fds	Trimmed	−4,435	−$400K	9.5%
FT First Tr Exchange Traded Fd	Trimmed	−4,045	−$317K	3.1%
First Majestic Silver Corp	New	+17,678	+$313K	0.2%

Showing the 10 largest of 52 changes.

Q2 2026

quarter ended June 30, 2026 · filed August 13, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Added	+157,639	+$13.6M	9.3%
VI Vanguard Index Fds	Added	+55,065	+$4.44M	3.3%
VS Vanguard Scottsdale Fds	Added	+14,482	+$854K	6.2%
VB Vanguard Bd Index Fds	Added	+9,752	+$716K	13.8%
FT First Tr Exchng Traded Fd Vi	Added	+20,102	+$597K	1.4%
First Majestic Silver Corp	Exited	−17,678	−$380K	—
VC Vanguard Charlotte Fds	Added	+6,801	+$329K	3.4%
SS SPDR Series Trust	Trimmed	−3,360	−$308K	0.3%
PE Pimco ETF Tr	Added	+2,884	+$291K	0.3%
VI Vanguard Index Fds	Trimmed	−1,282	−$279K	7.7%

Showing the 10 largest of 52 changes.

Q1 2026

quarter ended March 31, 2026 · filed April 17, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+16,424	+$1.12M	3.3%
VB Vanguard Bd Index Fds	Added	+12,990	+$957K	14.8%
VB Vanguard Bd Index Fds	Added	+10,220	+$789K	1.1%
VS Vanguard Scottsdale Fds	Added	+12,617	+$751K	6.3%
VI Vanguard Intl Equity Index F	Added	+4,407	+$610K	1.0%
VS Vanguard Scottsdale Fds	Added	+9,968	+$584K	0.9%
VC Vanguard Charlotte Fds	Added	+9,910	+$476K	3.5%
IE Innovator Etfs Trust	New	+16,107	+$409K	0.3%
VI Vanguard Index Fds	Added	+1,800	+$370K	1.8%
SS SPDR Series Trust	Trimmed	−3,671	−$336K	0.5%

Showing the 10 largest of 46 changes.

Q4 2025

quarter ended December 31, 2025 · filed January 21, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+23,015	+$1.38M	6.1%
VB Vanguard Bd Index Fds	Added	+14,798	+$1.1M	14.8%
VC Vanguard Charlotte Fds	Added	+18,994	+$918K	3.3%
VI Vanguard Intl Equity Index F	Added	+11,948	+$879K	13.2%
SS SPDR Series Trust	Trimmed	−8,644	−$790K	0.7%
VI Vanguard Index Fds	Added	+1,688	+$566K	3.9%
VS Vanguard Scottsdale Fds	Added	+7,171	+$493K	2.7%
FT First Tr Exchng Traded Fd Vi	Added	+14,248	+$402K	1.0%
VI Vanguard Index Fds	Added	+3,640	+$322K	1.0%
VI Vanguard Index Fds	Trimmed	−631	−$308K	10.2%

Showing the 10 largest of 41 changes.

Q3 2025

quarter ended September 30, 2025 · filed October 10, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+40,672	+$2.44M	5.5%
VB Vanguard Bd Index Fds	Added	+30,117	+$2.24M	14.9%
VC Vanguard Charlotte Fds	Added	+28,260	+$1.4M	2.9%
VI Vanguard Index Fds	Trimmed	−2,022	−$970K	10.8%
FT First Tr Exchange Traded Fd	Trimmed	−7,849	−$527K	3.5%
VI Vanguard Intl Equity Index F	Added	+6,751	+$482K	12.9%
VB Vanguard Bd Index Fds	Trimmed	−4,445	−$336K	0.6%
FT First Tr Exchng Traded Fd Vi	Added	+10,832	+$299K	0.8%
FW Fidelity Wise Origin Bitcoin	Added	+2,629	+$262K	0.5%
Broadcom Inc	New	+751	+$248K	0.2%

Showing the 10 largest of 40 changes.

Q2 2025

quarter ended June 30, 2025 · filed July 15, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+12,856	+$771K	4.2%
VI Vanguard Intl Equity Index F	Added	+10,669	+$718K	13.0%
VB Vanguard Bd Index Fds	Added	+9,470	+$697K	14.5%
SS SPDR Series Trust	Trimmed	−5,676	−$521K	1.6%
VI Vanguard Index Fds	Added	+2,317	+$410K	8.2%
FT First Tr Exchng Traded Fd Vi	Trimmed	−11,124	−$354K	2.7%
VS Vanguard Scottsdale Fds	Added	+4,706	+$326K	2.9%
VI Vanguard Index Fds	Added	+1,042	+$292K	3.5%
First Majestic Silver Corp	New	+31,878	+$264K	0.2%
Summit Therapeutics Inc	Exited	−13,588	−$262K	—

Showing the 10 largest of 40 changes.

Q1 2025

quarter ended March 31, 2025 · filed April 21, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Trimmed	−3,584	−$1.84M	7.2%
VI Vanguard Index Fds	Added	+7,517	+$1.3M	8.4%
VI Vanguard Index Fds	Added	+3,251	+$1.21M	10.5%
VB Vanguard Bd Index Fds	Added	+13,724	+$1.01M	15.3%
VS Vanguard Scottsdale Fds	Added	+10,806	+$744K	2.9%
SS SPDR Ser Tr	Added	+7,592	+$696K	2.2%
VI Vanguard Intl Equity Index F	Added	+10,701	+$649K	12.3%
VS Vanguard Scottsdale Fds	Added	+10,920	+$649K	3.9%
VI Vanguard Index Fds	Added	+1,590	+$411K	3.3%
VI Vanguard Index Fds	Added	+1,219	+$335K	3.5%

Showing the 10 largest of 37 changes.

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