Pennington Partners & Co. LLC
Pennington Partners & Co., LLC is a Bethesda, Maryland-based multi-family office and investment adviser founded by entrepreneurs with backgrounds in private equity and financial services. The firm offers investment management, wealth planning, and financial administration solutions primarily for entrepreneurial founders, CEOs, and their families, focusing on managing complex multi-generational wealth. As of 2025, the firm manages approximately $4 billion in assets and has around 27 employees. Pennington Partners & Co. focuses on delivering highly personalized wealth and investment solutions for high-net-worth individuals and families seeking holistic, generational strategies.
Investment Strategy
Pennington Partners & Co. provides bespoke, holistic investment management tailored for founders, executives, and multigenerational families. Their approach includes differentiated, tax-advantaged alternative investments, traditional portfolio management, and objective, multidisciplinary guidance. Their philosophy emphasizes aligning interests by investing alongside clients and offering a rigorous, risk-tolerant approach designed to protect, grow, and transfer wealth sustainably. The firm also specializes in exit planning and legacy administration, addressing generational challenges across the full spectrum of family office needs.
Latest 13F Filing Activity
Pennington Partners & Co. LLC filed their most recent 13F report on Jun 30, 2025 disclosing 81 equity positions with a total 13F market value of $186M. The fund increased holdings in Vanguard Index FDS, Ishares TR, Vanguard Scottsdale FDS among other positions. Pennington Partners & Co. LLC reduced exposure to Ea Series Trust, Ftai Aviation LTD, SPDR S&P 500 Etf TR among others.
Top Holdings
Equity Positions (81)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTI | VANGUARD INDEX FDS | 25.28% | $47.1M | 154,643 | $289.81 | $303.93 | +$3.2M |
I IWV | ISHARES TR | 18.58% | $34.7M | 98,726 | $334.25 | $351.00 | +$2.2M |
B BOXX | EA SERIES TRUST | 14.63% | $27.3M | 242,064 | $110.28 | $112.68 | -$1.3M |
V VTHR | VANGUARD SCOTTSDALE FDS | 6.77% | $12.6M | 46,295 | $259.91 | $272.75 | +$2.0M |
I ITOT | ISHARES TR | 2.39% | $4.5M | 32,991 | $126.83 | $135.04 | +$1.3M |
Industry Allocation
Investment Team (11)
| Name | Role | Location | |
|---|---|---|---|
B Bruce Schulman | Managing Partner | Washington, DC , United States | |
C Christopher Wolfe | President and Chief Investment Officer | Stamford, CT , United States | |
J James Pai | Principal | Washington, DC , United States | |
J Joseph Masino | Associate | Washington, DC , United States | |
K Keith Kellum | Partner and Portfolio Manager | Roswell, GA , United States | |
 | Portfolio Manager | Washington, DC , United States | |
 | Associate | Charlotte, NC , United States | |
 | Principal | Washington, DC , United States | |
 | Investment Analyst | United States | |
L Longhe Cao | Investment Analyst | United States |
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