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Segment Wealth Management, LLC
Segment Wealth Management, LLC is a private, SEC-registered investment adviser based in Houston, Texas. Founded in 2011, the firm specializes in fee-only advisory services for high-net-worth and ultra-high-net-worth individuals and families throughout the United States. It is known for its comprehensive, personalized approach to wealth management, including estate planning coordination, tax suppression strategies, and asset management. Segment Wealth Management employs approximately 12 professionals and is principally owned and led by Gil Baumgarten. The firm provides clients with clear communication, disciplined execution, and a fiduciary duty of care at all times.
Investment Strategy
Segment Wealth Management provides both discretionary and non-discretionary investment advisory services tailored to each client's needs. The firm employs a disciplined framework for asset allocation, strategic tax suppression, and legacy-minded planning, focusing on long-term wealth preservation and growth. Their approach integrates investments with coordinated estate and tax strategies for high-net-worth clientele. Investments are managed continuously for clients, who are often individuals, families, trusts, and estates, with comprehensive planning and guidance oriented toward reducing tax burden and supporting multigenerational wealth.
Latest 13F Filing Activity
Segment Wealth Management, LLC filed their most recent 13F report on Sep 30, 2025 disclosing 282 equity positions and 1 options positions with a total 13F market value of $2B. The fund increased holdings in SPDR Series Trust, Broadcom Inc., Vanguard Index FDS among other positions. Segment Wealth Management, LLC reduced exposure to Novo-nordisk A S, Vanguard Scottsdale FDS, Unitedhealth Group Inc. among others.
Top Holdings
Equity Positions (282)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTI | VANGUARD INDEX FDS | 6.34% | $105.8M | 322,303 | $174.37 | $328.17 | +$8.8M |
| BERKSHIRE HATHAWAY INC DEL | 4.84% | $80.8M | 160,735 | $258.29 | $502.74 | +$4.2M | |
A AVGO | BROADCOM INC | 3.66% | $61.0M | 184,981 | $29.83 | $329.91 | +$8.9M |
Q QQQ | INVESCO QQQ TR | 2.80% | $46.7M | 77,707 | $189.20 | $600.37 | +$2.8M |
S SPGI | S&P GLOBAL INC | 2.58% | $43.0M | 88,280 | $398.08 | $486.71 | -$3.7M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | — | Call | $37.3K | 2 | $186.58 | $108.38 | 0 | +$5.7K |
Industry Allocation
Investment Team (4)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Analyst | Houston, TX , United States | |
 | Senior Portfolio Manager | Houston, TX , United States | |
J Jen Heerensperger | Client Advisor | Portfolio Manager | Houston, TX , United States | |
 | Investment Analyst | Dallas, TX , United States |
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