Roger Wittlin Investment Advisory, LLC

Registered adviser

CIK

1911328

Location

San Francisco, CA

Portfolio Value

Micro $79,601,608

Diversification

Moderately concentrated

Filing Date

Global Rank

#7,779 / 8,807 ▲ 325 · as of Jun 2026

Top Industry

Software - Infrastructure 48.2%

Period ended 20 days ago

Filed Oct 19, 2026 · 1d

20 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 292577

Roster of Oct 1, 2026

Regulatory AUM

$348,469,672

Main clients

Individuals and high net worth (86% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$348,469,672	Individuals and high net worth (86%)
Apr 2025 to Mar 2026	$363,000,000	Other (52%)
Mar 2024 to Mar 2025	$318,000,000	Other (56%)
May 2023 to Feb 2024	$312,000,000	Other (52%)
Apr 2023	$312,000,000	Other (52%)
Apr 2022 to Mar 2023	$384,834,677	Diversified

1 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 91.7% of the book (60%+)

Turnover

Low turnover

11.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.3 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 93.6%; sector active share 87.8% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

46 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

40.5%

+8.1 pts

Top 5

74.3%

−1.1 pts

Top 10

92.5%

+0.8 pts

HHI

2,017

Moderately concentrated+170

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	97.4%	$77,531,050	40
Technology	1.5%	$1,204,711	2
Communication Services	0.7%	$585,263	2
Real Estate	0.4%	$280,584	1
Financial Services	0.0%	$0	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
RSP	Victory Portfolios II	+4,016	18,176	$0
SPMO	Invesco Ltd.	+2,298	14,985	$0
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+2,244	20,351	$1,427,622
LONZ		+835	61,677	$3,031,424
PYLD		+659	41,579	$1,055,690
SCHX	Schwab U.S. Large-Cap ETF	+428	12,755	$382,650
IVV	iShares Core S&P 500 ETF	+409	27,966	$0
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+386	71,128	$26,618,942
SCHB	Schwab U.S. Broad Market ETF	+323	118,129	$3,462,360
VO	VANGUARD MID-CAP INDEX FUND	+213	58,223	$4,565,847
IUSB	iShares Core Universal USD Bond ETF	+139	12,804	$0
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	+109	11,049	$1,110,976
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+97	8,431	$0
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+83	7,035	$0
AGG	iShares Core U.S. Aggregate Bond ETF	+53	5,216	$0
FNDX	Schwab Fundamental U.S. Large Company ETF	+47	12,737	$400,833
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	+46	7,449	$1,091,129
SCHA	Schwab U.S. Small-Cap ETF	+33	10,627	$346,759
GOOG	Alphabet Inc.	+29	726	$247,377
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	+26	10,496	$911,052
PLD	Prologis, Inc.	+18	2,161	$280,584
VIG	Vanguard Specialized Funds	+18	4,657	$1,086,524
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+6	2,132	$336,536
VOO	VANGUARD 500 INDEX FUND	+3	1,478	$1,035,871
GOOGL	Alphabet Inc.	+1	982	$337,886
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
IEFA	iShares Core MSCI EAFE ETF	−4,876	13,317	$0
BOND	PIMCO Active Bond Exchange-Traded Fund	−4,740	31,019	$2,698,342
VXUS	Vanguard Total International Stock ETF	−4,433	70,915	$6,024,938
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	−2,006	13,947	$619,386
VLU	State Street(R) SPDR(R) S&P(R) 1500 Value Tilt ETF	−1,754	11,222	$2,681,945
IAU	Ishares Gold Trust	−1,384	42,747	$3,338,540
QQQ	Invesco Qqq Trust, Series 1	−768	5,824	$4,308,420
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−539	91,068	$0
SPY	Spdr S&P 500 ETF Trust	−414	10,163	$7,750,608
GLD	Spdr Gold Trust	−58	4,341	$1,653,226
IEMG	iShares Trust	−3	11,735	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
BLCR		11,417	$558,976
CRM	Salesforce, Inc.	900	$206,613
QUAL	iShares MSCI USA Quality Factor ETF	1,495	$0
IWF	iShares Russell 1000 Growth ETF	1,612	$0
IWB	iShares Russell 1000 ETF	1,325	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
PSQ	ProShares Short QQQ	23,008	$576,580
FLRN	State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF	6,580	$202,993
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

46 tracked positions · $79,601,608 total · filing declares 46 positions · $128,262,891 · as of Sep 30, 2026

All sectors Communication Services Financial Services Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	71,128	+386	$26,618,942	+1.7%	33.44%
SPY	Spdr S&P 500 ETF Trust	Reduced	10,163	-414	$7,750,608	−1.9%	9.74%
VXUS	Vanguard Total International Stock ETF	Reduced	70,915	-4,433	$6,024,938	−6.5%	7.57%
VO	VANGUARD MID-CAP INDEX FUND	Added	58,223	+213	$4,565,847	−2.3%	5.74%
QQQ	Invesco Qqq Trust, Series 1	Reduced	5,824	-768	$4,308,420	−11.2%	5.41%
SCHB	Schwab U.S. Broad Market ETF	Added	118,129	+323	$3,462,360	+1.5%	4.35%
IAU	Ishares Gold Trust	Reduced	42,747	-1,384	$3,338,540	+0.2%	4.19%
LONZ		Added	61,677	+835	$3,031,424	+1.0%	3.81%
BOND	PIMCO Active Bond Exchange-Traded Fund	Reduced	31,019	-4,740	$2,698,342	−18.2%	3.39%
VLU	State Street(R) SPDR(R) S&P(R) 1500 Value Tilt ETF	Reduced	11,222	-1,754	$2,681,945	−13.2%	3.37%
GLD	Spdr Gold Trust	Reduced	4,341	-58	$1,653,226	+2.0%	2.08%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	20,351	+2,244	$1,427,622	+7.4%	1.79%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Added	11,049	+109	$1,110,976	+0.7%	1.40%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Added	7,449	+46	$1,091,129	−3.1%	1.37%
VIG	Vanguard Specialized Funds	Added	4,657	+18	$1,086,524	−1.0%	1.36%
PYLD		Added	41,579	+659	$1,055,690	−2.7%	1.33%
VOO	VANGUARD 500 INDEX FUND	Added	1,478	+3	$1,035,871	+2.3%	1.30%
PLTR	Palantir Technologies Inc. Technology	Held	5,336	0	$998,098	+60.3%	1.25%
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	Added	10,496	+26	$911,052	−1.7%	1.14%
SCHF	Schwab International Equity ETF	Held	22,846	0	$627,579	−0.8%	0.79%
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	Reduced	13,947	-2,006	$619,386	−17.1%	0.78%
BLCR		NEW	11,417	NEW	$558,976	NEW	0.70%
JIVE	JPMorgan International Value ETF	Held	4,252	0	$404,875	+3.6%	0.51%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	12,737	+47	$400,833	+1.6%	0.50%
SCHX	Schwab U.S. Large-Cap ETF	Added	12,755	+428	$382,650	+5.5%	0.48%
SCHA	Schwab U.S. Small-Cap ETF	Added	10,627	+33	$346,759	−9.4%	0.44%
GOOGL	Alphabet Inc. Communication Services	Added	982	+1	$337,886	−3.6%	0.42%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	2,132	+6	$336,536	+0.9%	0.42%
PLD	Prologis, Inc. Real Estate	Added	2,161	+18	$280,584	−3.4%	0.35%
GOOG	Alphabet Inc. Communication Services	Added	726	+29	$247,377	+0.4%	0.31%
CRM	Salesforce, Inc. Technology	NEW	900	NEW	$206,613	NEW	0.26%
RSP	Victory Portfolios II	Added	18,176	+4,016	$0	−100.0%	0.00%
SPMO	Invesco Ltd. Financial Services	Added	14,985	+2,298	$0	−100.0%	0.00%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	5,216	+53	$0	−100.0%	0.00%
EFA	iShares MSCI EAFE ETF	Held	1,925	0	$0	−100.0%	0.00%
IEFA	iShares Core MSCI EAFE ETF	Reduced	13,317	-4,876	$0	−100.0%	0.00%
IEMG	iShares Trust	Reduced	11,735	-3	$0	−100.0%	0.00%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Added	8,431	+97	$0	−100.0%	0.00%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	91,068	-539	$0	−100.0%	0.00%
IUSB	iShares Core Universal USD Bond ETF	Added	12,804	+139	$0	−100.0%	0.00%
IVV	iShares Core S&P 500 ETF	Added	27,966	+409	$0	−100.0%	0.00%
IWB	iShares Russell 1000 ETF	NEW	1,325	NEW	$0	NEW	0.00%
IWF	iShares Russell 1000 Growth ETF	NEW	1,612	NEW	$0	NEW	0.00%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	7,035	+83	$0	−100.0%	0.00%
QUAL	iShares MSCI USA Quality Factor ETF	NEW	1,495	NEW	$0	NEW	0.00%
UAE	iShares MSCI UAE ETF	Held	15,356	0	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.