Stairway Partners, LLC

Stairway Partners' $2.12B Q2 2026 13F is a purely passive, multi-asset core portfolio constructed from 18 iShares and Vanguard ETFs with no single-stock positions anywhere in the filing. The book is anchored by value (IWD 15.2%), international developed (IEFA 14.1%), aggregate bonds (AGG 13.1%), and total bond market (BND 9.9%) sleeves, with emerging markets (IEMG 9.7%) and large-cap growth (IWF 9.2%) rounding out the equity side. The quarter-over-quarter data is real and reveals a meaningful reallocation: the filer roughly tripled its IWF large-cap growth position (shares jumped 294%), added aggressively to AGG (+15.4%) and BND (+11.2%), and simultaneously cut IEMG emerging markets by 22%. The takeaway is not a stock-picking thesis — there is none — but a deliberate asset-class rotation within a systematic core sleeve, with the risk that a portfolio this diversified in ETFs will track broad market returns rather than deliver active alpha. The whaleScore of 79 measures the scale of the allocation platform, not the skill of the selector.