Truepoint's Portfolio Reshuffle
Truepoint Inc. Makes Strategic Changes to ETF Portfolio, Adjusting Holdings in Key Funds
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Key Points
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For its Dimensional International Core Equity 2 ETF (DFIC) position, Truepoint reported owning 2,058,153 shares after selling 56,452 shares in the quarter—worth $70,924,000—and noted DFIC was 1.6% of its portfolio, ranking as its 17th-largest holding. The filings also showed other investors making large opposite moves, including Greenspring Advisors LLC, which increased its stake by 476.7% to 4,481,545 shares valued at $154,434,000.
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Truepoint’s Vanguard Total Stock Market ETF (VTI) trim left it with 1,192,078 shares after selling 16,803 shares; the position was valued at $399,668,000 and represented 9.0% of its portfolio (its 4th-largest holding). Separately, Vanguard Group Inc. added further exposure to VTI, increasing holdings by 3.8%—purchasing 2,291,938 additional shares to total 62,622,049 shares valued at $20,995,293,000.
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On the iShares Core S&P 500 ETF (IVV), Truepoint reported it owned 682,349 shares after buying an additional 17,985 shares during the quarter; IVV was about 10.5% of the portfolio and its 3rd-largest position. Other institutional activity included Nisa Investment Advisors LLC, which boosted IVV by 40.6%—adding 4,854,227 shares to reach 16,809,463 shares worth $11,513,474,000.
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Truepoint’s Schwab International Equity ETF (SCHF) reduction included additional market context in the reporting: SCHF opened at $26.68, with a 1-year range of $21.34 to $28.02, a 50-day moving average of $26.69 and a 200-day moving average of $25.57. The article also cited SCHF fundamentals including a market cap of $63.24 billion, P/E of 16.14, and beta of 0.82.
Cincinnati-based Truepoint Inc. trimmed its stake in the Vanguard Total Stock Market ETF by 1.4% in the fourth quarter of 2025, leaving it with 1,192,078 shares worth $399.67 million, according to Watchlist News. The firm's total portfolio sits near $4.48 billion, and the VTI position remains its fourth-largest holding at 9.0% of assets.
The moves were part of a broader rebalancing. Truepoint cut international exposure and added to U.S. large-cap benchmarks — a pattern analysts say reflects growing home bias among registered investment advisers heading into 2026.
Truepoint Shifts from Total Market to S&P 500
While Truepoint trimmed VTI, it added to the iShares Core S&P 500 ETF (IVV) — buying 17,985 shares to reach 682,349 total. That position is now worth $467.4 million, or 10.5% of the portfolio, making it the firm's third-largest holding, per Watchlist News. The move effectively trades broad market coverage for heavier weight in mega-cap technology stocks.
Truepoint also lifted its Vanguard Mid-Cap Growth ETF (VOT) stake by 2.5%, bringing that position to roughly $298.3 million. Together, the IVV and VOT additions point to a tilt toward U.S. growth and away from the wider index. Some market analysts have called this shift part of a broader theme they describe as "dispersion favors active opportunity" — the idea that AI-driven earnings growth is concentrated in a smaller set of companies.
International Holdings Cut as Home Bias Grows
Truepoint cut two international positions in Q4. Its Schwab International Equity ETF (SCHF) stake fell 3.3% to about $81.2 million. Its Dimensional International Core Equity 2 ETF (DFIC) position dropped 2.7% — selling 56,452 shares to end the quarter with 2,058,153 shares worth $70.9 million, according to Watchlist News. DFIC ranks as Truepoint's 17th-largest holding at 1.6% of the portfolio.
SCHF carries a market cap of $63.24 billion, a price-to-earnings ratio of 16.14, and a beta of 0.82 — meaning it moves less than the broader U.S. market. Its 52-week range runs from $21.34 to $28.02, with a 50-day moving average of $26.69. Despite relatively modest volatility, Truepoint chose to reduce its position, a move consistent with the broader retreat from international equities seen among U.S. advisers.
Other Institutions Went the Opposite Direction
Not everyone trimmed. Vanguard Group added 2,291,938 shares of VTI during the same period — a 3.8% increase — bringing its total to 62,622,049 shares worth $20.99 billion, per Watchlist News. That purchase dwarfs Truepoint's entire VTI position. Vanguard's move signals continued conviction in total-market indexing even as smaller advisers pulled back.
In DFIC, Greenspring Advisors LLC went the other way entirely — boosting its stake by 476.7% to 4,481,545 shares worth $154.4 million, while Truepoint was selling. On IVV, Nisa Investment Advisors LLC added 4,854,227 shares, a 40.6% increase, reaching 16,809,463 shares worth $11.51 billion. These opposing moves show how the same ETFs attracted sharply different strategies from different managers in the same quarter.
Truepoint's Evidence-Based Approach Drives Slow, Steady Moves
Truepoint was founded in Cincinnati in 1990 and operates as a fee-only fiduciary. The firm follows what it calls an "evidence-based" investment model — favoring low-cost ETFs and factor-driven strategies over stock picking. CEO Steve Condon has said investor behavior is the "primary determinant of long-term returns." The firm relies heavily on Dimensional Fund Advisors products, like DFIC, alongside Vanguard and iShares vehicles.
The Q4 changes — all between 1.4% and 3.3% in either direction — fit this slow-and-steady style. Truepoint filed its 13F report with the SEC on February 11, 2026, locking in these numbers as of December 31, 2025. The firm's total assets remain near $4.48 billion, reflecting steady capital inflows to fee-only registered investment advisers even as individual positions are fine-tuned each quarter.
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