Garde Capital Portfolio holdings

AUM $1.75B

AUM

$1.75B

AUM Growth

+$230M (+15%)

Cap. Flow

+$410M

Cap. Flow % of AUM

23.5%

Top 10 Holdings %Top 10 Hldgs %

52.32%

Holding

856

New

578

Increased

Reduced

Closed

Top Buys

1	Vanguard Total Bond Market BND	$115M
2	iShares 7-10 Year Treasury Bond ETF IEF	$50.1M
3	Vanguard Tax-Exempt Bond Index Fund VTEB	$47.2M
4	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$31.7M
5	iShares National Muni Bond ETF MUB	$29.3M

Top Sells

1	Microsoft MSFT	$4.16M
2	Vanguard FTSE Europe ETF VGK	$3.37M
3	Invesco QQQ Trust QQQ	$1.89M
4	Vanguard FTSE Pacific ETF VPL	$1.5M
5	Vanguard FTSE Emerging Markets ETF VWO	$1.47M

Sector Composition

1	Technology	5.32%
2	Communication Services	3.13%
3	Consumer Discretionary	2.02%
4	Financials	0.82%
5	Consumer Staples	0.41%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Value ETF VTV $132B	$190M	10.67%	1,098,310 +23,082	+2%	+$3.99M
2	2 Vanguard Growth ETF VUG $161B	$176M	9.89%	474,292 -3,384	-0.7%	-$1.25M
3	3 Vanguard Total Bond Market BND $126B	$115M	6.47%	1,567,276	New	+$115M
4	4 Vanguard Large-Cap ETF VV $39.6B	$111M	6.23%	431,374 -197	-0.1%	-$50.6K
5	5 Vanguard FTSE Europe ETF VGK $24.9B	$70.3M	3.95%	1,001,447 -47,999	-5%	-$3.37M
6	6 Vanguard Total Stock Market ETF VTI $465B	$69.4M	3.9%	252,617 +681	+0.3%	+$187K
7	7 iShares 7-10 Year Treasury Bond ETF IEF $34.6B	$50.1M	2.82%	525,133	New	+$50.1M
8	8 Vanguard Tax-Exempt Bond Index Fund VTEB $35.5B	$47.2M	2.65%	950,489	New	+$47.2M
9	9 Vanguard FTSE Pacific ETF VPL $7.57B	$45.6M	2.57%	629,700 -20,653	-3%	-$1.5M
10	10 Vanguard S&P 500 ETF VOO $644B	$39.6M	2.22%	77,001 -898	-1%	-$461K
11	11 Vanguard Small-Cap ETF VB $60.4B	$38.7M	2.18%	174,481 +2,661	+2%	+$590K
12	12 Microsoft MSFT $3.35T	$38.2M	2.15%	101,796 -11,078	-10%	-$4.16M
13	13 Vanguard Real Estate ETF VNQ $32.6B	$32.2M	1.81%	355,733 +4,482	+1%	+$406K
14	14 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $14.9B	$31.7M	1.78%	634,768	New	+$31.7M
15	15 iShares National Muni Bond ETF MUB $38.7B	$29.3M	1.65%	278,139	New	+$29.3M
16	16 Vanguard Mortgage-Backed Securities ETF VMBS $14.3B	$29.3M	1.65%	632,629	New	+$29.3M
17	17 Schwab US TIPS ETF SCHP $12.8B	$28.3M	1.59%	1,052,417	New	+$28.3M
18	18 Apple AAPL $2.92T	$24.9M	1.4%	111,910 +92	+0.1%	+$20.4K
19	19 Vanguard FTSE Developed Markets ETF VEA $157B	$24.2M	1.36%	476,392 -20,932	-4%	-$1.06M
20	20 Schwab US Large-Cap Growth ETF SCHG $40.2B	$23.4M	1.32%	934,313 -19,777	-2%	-$495K
21	21 Vanguard FTSE Emerging Markets ETF VWO $86.7B	$23M	1.29%	507,328 -32,428	-6%	-$1.47M
22	22 Vanguard ESG US Stock ETF ESGV $9.96B	$22.7M	1.28%	232,116 +16,166	+7%	+$1.58M
23	23 iShares Core S&P US Value ETF IUSV $19.7B	$21.7M	1.22%	235,557 +8,288	+4%	+$765K
24	24 Amazon AMZN $2.13T	$21.5M	1.21%	112,932 +1,106	+1%	+$210K
25	25 iShares Core US Aggregate Bond ETF AGG $123B	$20.3M	1.14%	205,205	New	+$20.3M