Angeles Investment Advisors, LLC

SANTA MONICA, CA · CIK 1535695 · 13F filing filed 2026-07-22

SEC-registered investment adviser since 2001 · limited liability company

Assets managed$7.3bn
Staff28 · 17 in investment roles
Main clients (by assets)Private funds 58%, Charities 33%, Pension plans 5%
Private funds17 (2 hedge) · $4.0bn gross assets
Websiteangelesinvestments.com
Form ADV · 2026-07-30SEC adviser record

Legal entityANGELES INVESTMENT ADVISORS, LLC (US)

Kindhedge funds, private equity, futures
Others nearbySanta Monica, CA

As an employer

Offices in1 country
Private fundsother private 5, private equity 10, hedge 2

$1.7bn reported value +11.9% vs Q1 2026

31positions

93.2%in top 10

4 new 12 added 10 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,339,649	$920.1m55.26%	55.26%	Reduced -67.0k	-66,987 -4.8%
2	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	2,790,197	$238.5m14.33%	14.33%	Reduced -153.7k	-153,682 -5.2%
3	ISHARES TR RUSSELL 2000 ETF IWM	IWM	280,081	$84.2m5.05%	5.05%	Added +230.2k	+230,205 461.6%
4	TCW ETF TRUST TRANSFRM 500 ETF VOTE	VOTE	889,414	$78.4m4.71%	4.71%	Added +124.8k	+124,758 16.3%
5	VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF VMBS	VMBS	1,210,865	$56.7m3.40%	3.40%	Reduced -174.6k	-174,635 -12.6%
6	ISHARES INC CORE MSCI EMKT IEMG	IEMG	557,155	$46.2m2.77%	2.77%	Added +300.1k	+300,105 116.8%
7	VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT	VCLT	602,320	$45.3m2.72%	2.72%	Reduced -110.1k	-110,080 -15.4%
8	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	371,190	$32.6m1.96%	1.96%	Added +356.7k	+356,725 2466.1%
9	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	230,836	$30.5m1.83%	1.83%	Added +44.2k	+44,196 23.7%
10	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	124,515	$19.7m1.18%	1.18%	New
11	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	234,590	$19.3m1.16%	1.16%	Added +62.0k	+61,982 35.9%
12	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	105,055	$16.5m0.99%	0.99%	New
13	EVERUS CONSTR GROUP COM ECG	ECG	62,842	$10.4m0.63%	0.63%	Reduced -1.7k	-1,739 -2.7%
14	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	93,500	$9.2m0.55%	0.55%	New
15	KNIFE RIVER CORP COMMON STOCK KNF	KNF	101,510	$8.5m0.51%	0.51%	Unchanged
16	ISHARES TR INTL SEL DIV ETF IDV	IDV	187,685	$7.8m0.47%	0.47%	Added +182.0k	+182,000 3201.4%
17	ISHARES TR MSCI EAFE ETF EFA	EFA	72,735	$7.6m0.45%	0.45%	New
18	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	69,537	$6.0m0.36%	0.36%	Added +2.5k	+2,463 3.7%
19	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	92,081	$5.5m0.33%	0.33%	Added +16.9k	+16,861 22.4%
20	MDU RES GROUP INC COM MDU	MDU	245,414	$5.2m0.31%	0.31%	Unchanged
21	DIMENSIONAL ETF TRUST INTERNATIONAL DFSI	DFSI	97,979	$4.4m0.27%	0.27%	Reduced -12.0k	-12,028 -10.9%
22	VANGUARD MALVERN FDS TOTAL TREASURY VTG	VTG	45,614	$3.4m0.21%	0.21%	Added +409	+409 0.9%
23	VANGUARD INDEX FDS VALUE ETF VTV	VTV	14,573	$3.2m0.19%	0.19%	Added +2	+2 0.0%
24	ISHARES TR EAFE GRWTH ETF EFG	EFG	18,315	$2.3m0.14%	0.14%	Reduced -12.3k	-12,295 -40.2%
25	ISHARES TR MSCI ACWI ETF ACWI	ACWI	13,536	$2.1m0.13%	0.13%	Reduced -242	-242 -1.8%
26	VANGUARD MALVERN FDS GOVERNMENT SECUR VGVT	VGVT	6,458	$486.0k0.03%	0.03%	Reduced -919	-919 -12.5%
27	PEPSICO INC COM PEP	PEP	3,126	$423.3k0.03%	0.03%	Unchanged
28	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	4,485	$319.6k0.02%	0.02%	Added +17	+17 0.4%
29	ISHARES TR NATIONAL MUN ETF MUB	MUB	785	$84.5k0.01%	0.01%	Unchanged
30	VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF VPL	VPL	685	$79.2k0.00%	0.00%	Reduced -180	-180 -20.8%
31	ISHARES TR PFD AND INCM SEC PFF	PFF	200	$6.1k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR EFV	EFV	756,850	$56.3m756.9k shares
SELECT SECTOR SPDR TR XLE	XLE	584,760	$35.8m584.8k shares
AMERICAN CENTY ETF TR AVDV	AVDV	295,050	$29.5m295.1k shares
ISHARES TR IJH	IJH	137,500	$9.3m137.5k shares