American Capital Advisory, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), American Capital Advisory, LLC reported 1,073 stock positions worth $230.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 12.1% of the portfolio, followed by Dimension Ultrashort Fi ETF (DUSB, 7.7%) and Dimensional US Eq MKT ETF (DFUS, 7.6%). Compared with Q3 2025, it opened 138 new positions, sold out of 70, added to 435 and reduced 167. The biggest buy was Invesco Total Return Bond Et (GTO, shares +39%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- KETCHUM, ID
- CIK
- 0002018007
- Portfolio Value
- $230.1M (Q4 2025)
- SEC Filing
- 0002018007-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 1,073 stocks · $230.1M
| DFAC Dimensional US Core Equity 2 | 12.11% | 703,849 | $27.9M | Reduce -2.1% |
| DUSB Dimension Ultrashort Fi ETF | 7.71% | 350,439 | $17.7M | Add +2.3% |
| DFUS Dimensional US Eq MKT ETF | 7.58% | 235,262 | $17.4M | Add +8.5% |
| GTO Invesco Total Return Bond Et | 5.57% | 270,187 | $12.8M | Add +38.9% |
| DFAI Dimensional International Co. | 4.72% | 284,729 | $10.9M | Add +6.5% |
| DFIC Dimensional International Co. | 4.67% | 312,060 | $10.8M | Reduce -0.7% |
| DFAU Dimensional US Core Equity M | 3.90% | 191,545 | $9.0M | Reduce -1.8% |
| AAPL Apple Inc. | 2.65% | 22,442 | $6.1M | Add +0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.77% | 8,352 | $4.1M | Reduce -2.2% |
| DFAE Dimensional Emerging Core Eq | 1.56% | 109,924 | $3.6M | Add +21.5% |
| DFEM Dimensional Emrg MRKT Core | 1.55% | 107,694 | $3.6M | Add +34.5% |
| GOOG Alphabet Inc. Class C | 1.44% | 10,532 | $3.3M | Reduce -2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.32% | 4,451 | $3.0M | Add +35.0% |
| PSLV Sprott Physical Silver Trust | 1.32% | 128,292 | $3.0M | Reduce -18.6% |
| STT State Street Corp. | 1.26% | 22,467 | $2.9M | Reduce -1.3% |
| RSP Invesco S&P 500 Equal Weight | 1.22% | 14,684 | $2.8M | Add +0.2% |
| PM Philip Morris International | 1.22% | 17,519 | $2.8M | Reduce -0.1% |
| LH Labcorp Holdings Inc. | 1.19% | 10,881 | $2.7M | Reduce -19.8% |
| CSCO Cisco Systems Inc. | 1.16% | 34,720 | $2.7M | Reduce -0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.05% | 43,963 | $2.4M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 1.03% | 10,280 | $2.4M | Add +27.2% |
| NVDA Nvidia Corp. | 0.97% | 11,947 | $2.2M | Add +1.0% |
| MGM MGM Resorts International | 0.93% | 58,339 | $2.1M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 0.90% | 3,121 | $2.1M | Add +0.7% |
| GDX Vaneck Gold Miners ETF | 0.89% | 23,875 | $2.0M | Add +0.0% |
| MKL Markel Group Inc. | 0.88% | 937 | $2.0M | Reduce -2.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.87% | 27,310 | $2.0M | Add +5.6% |
| WMT Walmart Inc. | 0.74% | 15,230 | $1.7M | Add +0.5% |
| GLD SPDR Gold Shares | 0.73% | 4,239 | $1.7M | Reduce -4.8% |
| PAAS Pan American Silver Corp. | 0.69% | 30,764 | $1.6M | Add +1.6% |
| ORCL Oracle Corp. | 0.65% | 7,679 | $1.5M | Reduce -0.7% |
| SHEL Shell PLC-ADR | 0.61% | 19,245 | $1.4M | Add +0.7% |
| EQX Equinox Gold Corp. | 0.61% | 99,795 | $1.4M | Add +66.2% |
| NOC Northrop Grumman Corp. | 0.61% | 2,442 | $1.4M | Add +0.0% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.60% | 187,809 | $1.4M | Reduce -32.2% |
| MDY State Street SPDR S&P Midcap | 0.60% | 2,279 | $1.4M | Add +0.2% |
| MSFT Microsoft Corp. | 0.57% | 2,718 | $1.3M | Reduce -0.7% |
| NFLX Netflix Inc. | 0.57% | 13,881 | $1.3M | Add +0.9% |
| IDV iShares International Select | 0.48% | 27,972 | $1.1M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.47% | 3,379 | $1.1M | Add +0.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.47% | 13,492 | $1.1M | Add +1.0% |
| ESGU iShares ESG Aware MSCI USA | 0.46% | 7,073 | $1.1M | Add +0.3% |
| UBER Uber Technologies Inc. | 0.45% | 12,751 | $1.0M | Reduce -0.2% |
| YUMC Yum China Holdings Inc. | 0.45% | 21,668 | $1.0M | Reduce -0.1% |
| AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC | 0.42% | 145,952 | $966K | New |
| ASTS Ast Spacemobile Inc. | 0.41% | 13,106 | $952K | Reduce -0.6% |
| GBTG Global Business Travel Group | 0.41% | 122,969 | $941K | Reduce -2.3% |
| SPLV Invesco S&P 500 Low Volatili | 0.39% | 12,480 | $891K | Reduce -5.5% |
| DGS Wisdomtree Em Small Cap | 0.38% | 15,314 | $877K | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 0.38% | 7,280 | $875K | Add +0.2% |
| JEPI JPMorgan Equity Premium Inco | 0.36% | 14,613 | $836K | Reduce -2.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 2,363 | $792K | No change |
| VGT Vanguard Info Tech ETF | 0.34% | 1,027 | $774K | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.33% | 887 | $765K | Add +3.3% |
| OMC Omnicom Group | 0.32% | 9,025 | $729K | Reduce -0.0% |
| WTM White Mountains Insurance GP | 0.31% | 342 | $711K | Reduce -4.2% |
| SCHD Schwab US DVD Equity ETF | 0.30% | 25,134 | $689K | Add +0.0% |
| DFAT Dimensional US Target Value | 0.29% | 11,068 | $659K | Reduce -18.9% |
| PEP Pepsico Inc. | 0.29% | 4,589 | $659K | Add +0.1% |
| ABBV Abbvie Inc. | 0.28% | 2,847 | $651K | Add +0.4% |
| PFF iShares Preferred & Income S | 0.28% | 20,996 | $650K | Reduce -3.8% |
| SNY Sanofi-ADR | 0.27% | 12,750 | $618K | Reduce -12.1% |
| MRK Merck & Co. Inc. | 0.27% | 5,839 | $615K | Reduce -2.9% |
| TSLA Tesla Inc. | 0.27% | 1,361 | $612K | Add +3.8% |
| XOM Exxon Mobil Corp. | 0.26% | 5,055 | $608K | Add +0.6% |
| TOST Toast Inc. Class A | 0.25% | 16,335 | $580K | Reduce -1.7% |
| CRM Salesforce Inc. | 0.25% | 2,153 | $570K | Add +46.0% |
| CNM Core & Main Inc. Class A | 0.25% | 10,912 | $567K | Add +1091100.0% |
| GLDD Great Lakes Dredge & Dock Co. | 0.25% | 43,150 | $566K | Reduce -11.2% |
| VOO Vanguard S&P 500 ETF | 0.24% | 897 | $562K | Reduce -18.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 1,072 | $539K | Add +61.9% |
| LLY Eli Lilly & Co. | 0.23% | 500 | $537K | Add +1.2% |
| FTCS First Trust Capital Strength | 0.22% | 5,501 | $509K | Add +0.3% |
| GSC Goldman Sachs Small Cap Equi | 0.22% | 9,299 | $505K | Add +0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 2,299 | $505K | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 3,266 | $502K | Add +0.4% |
| AVGO Broadcom Inc. | 0.20% | 1,306 | $452K | Add +2.0% |
| IVV iShares Core S&P 500 ETF | 0.19% | 622 | $426K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.18% | 6,170 | $422K | Add +0.2% |
| CI The Cigna Group | 0.17% | 1,462 | $402K | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.17% | 7,187 | $386K | Reduce -4.2% |
| MA Mastercard Inc. Class A | 0.15% | 619 | $353K | Add +0.7% |
| IP International Paper Co. | 0.14% | 8,273 | $326K | Add +0.0% |
| MO Altria Group Inc. | 0.13% | 5,348 | $308K | Add +21.7% |
| AMGN Amgen Inc. | 0.12% | 876 | $287K | Add +0.7% |
| SCHO Schwab Short-Term US Treas | 0.12% | 11,724 | $286K | Reduce -45.5% |
| BSV Vanguard Short-Term Bond ETF | 0.12% | 3,505 | $276K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 422 | $259K | Add +3.4% |
| SCHC Schwab Intl Small-Cap Equity | 0.11% | 5,662 | $258K | Add +39.0% |
| JNJ Johnson & Johnson | 0.11% | 1,241 | $257K | Add +1.1% |
| USB US Bancorp | 0.11% | 4,800 | $256K | Add +0.2% |
| GBDC Golub Capital BDC Inc. | 0.11% | 18,160 | $246K | New |
| PAYX Paychex Inc. | 0.10% | 2,128 | $239K | Add +0.3% |
| WFC Wells Fargo & Co. | 0.10% | 2,451 | $228K | Add +1.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.10% | 911 | $228K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 2,540 | $227K | Reduce -12.4% |
| TOWN Towne Bank | 0.10% | 6,755 | $225K | No change |
| DUHP Dimensional US High Profi Et | 0.10% | 5,871 | $223K | No change |
| TFC Truist Financial Corp. | 0.10% | 4,509 | $222K | Add +0.1% |
| VONE Vanguard Russell 1000 | 0.09% | 654 | $202K | No change |
Options reported separately and not counted above: ASTS calls ($726K), UNH calls ($33K).
Other holdings (4): bonds, preferreds, convertibles and warrants · $8K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3 | $4K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3 | $4K | No change |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 14 | $99 | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 12 | $37 | Reduce -13.0% |
Total filed on the 13F, all lines: $230.1M.
Portfolio Sells Q3 2025 → Q4 2025
| DFAC Dimensional US Core Equity 2 | Reduce -2.1% | 12.11% | −0.75 |
| LH Labcorp Holdings Inc. | Reduce -19.8% | 1.19% | −0.62 |
| ORCL Oracle Corp. | Reduce -0.7% | 0.65% | −0.36 |
| ARCO Arcos Dorados Holdings Inc. Class A | Reduce -32.2% | 0.60% | −0.27 |
| DFAU Dimensional US Core Equity M | Reduce -1.8% | 3.90% | −0.24 |
| CTRA Coterra Energy Inc. | Reduce -99.9% | 0.00% | −0.24 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.17 |
| CAT Caterpillar Inc. | Reduce -83.4% | 0.03% | −0.15 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.2% | 1.77% | −0.13 |
| UBER Uber Technologies Inc. | Reduce -0.2% | 0.45% | −0.13 |
| SCHO Schwab Short-Term US Treas | Reduce -45.5% | 0.12% | −0.12 |
| DFIC Dimensional International Co. | Reduce -0.7% | 4.67% | −0.10 |
| PM Philip Morris International | Reduce -0.1% | 1.22% | −0.10 |
| MSFT Microsoft Corp. | Reduce -0.7% | 0.57% | −0.09 |
| DFAT Dimensional US Target Value | Reduce -18.9% | 0.29% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -18.4% | 0.24% | −0.07 |
| SPRY Ars Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| GBTG Global Business Travel Group | Reduce -2.3% | 0.41% | −0.06 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -5.5% | 0.39% | −0.06 |
| SNY Sanofi-ADR | Reduce -12.1% | 0.27% | −0.05 |
| PFF iShares Preferred & Income S | Reduce -3.8% | 0.28% | −0.04 |
| MGM MGM Resorts International | Reduce -2.3% | 0.93% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.3% | 0.36% | −0.03 |
| BAC Bank of America Corp. | Reduce -2.8% | 1.05% | −0.03 |
| TOST Toast Inc. Class A | Reduce -1.7% | 0.25% | −0.03 |
| D Dominion Energy Inc. | Reduce -24.0% | 0.06% | −0.03 |
| OMC Omnicom Group | Reduce -0.0% | 0.32% | −0.02 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -11.2% | 0.25% | −0.02 |
| AMCR Amcor PLC | Sold out | 0.00% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.2% | 0.17% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -0.3% | 0.34% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -12.4% | 0.10% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -25.1% | 0.04% | −0.02 |
| EPD Enterprise Products Partners | Reduce -20.2% | 0.04% | −0.01 |
| ZS Zscaler Inc. | Reduce -0.4% | 0.02% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -17.0% | 0.03% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -18.5% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -11.6% | 0.03% | −0.01 |
| PFFD Global X US Preferred ETF | Sold out | 0.00% | −0.01 |
| SO The Southern Co. | Reduce -0.2% | 0.04% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -8.5% | 0.04% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -0.6% | 0.01% | −0.01 |
| CPT Camden Property Trust | Reduce -30.7% | 0.01% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.03% | −0.01 |
| DVLT Datavault AI Inc. | Reduce -90.0% | 0.00% | −0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -35.0% | 0.01% | −0.00 |
| SPOT Spotify Technology SA | Reduce -3.7% | 0.01% | −0.00 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −0.00 |
| GLD SPDR Gold Shares | Reduce -4.8% | 0.73% | −0.00 |
| XLE SS Energy Select Sector | Reduce -62.9% | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GTO Invesco Total Return Bond Et | Add +38.9% | 5.57% | +1.28 |
| AHRT Ah Realty Trust Inc. | New | 0.42% | +0.42 |
| DFEM Dimensional Emrg MRKT Core | Add +34.5% | 1.55% | +0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +35.0% | 1.32% | +0.30 |
| EQX Equinox Gold Corp. | Add +66.2% | 0.61% | +0.30 |
| DFUS Dimensional US Eq MKT ETF | Add +8.5% | 7.58% | +0.30 |
| CNM Core & Main Inc. Class A | Add +1091100.0% | 0.25% | +0.25 |
| DFAE Dimensional Emerging Core Eq | Add +21.5% | 1.56% | +0.23 |
| DFAI Dimensional International Co. | Add +6.5% | 4.72% | +0.21 |
| AMZN Amazon.com Inc. | Add +27.2% | 1.03% | +0.21 |
| PAAS Pan American Silver Corp. | Add +1.6% | 0.69% | +0.15 |
| GBDC Golub Capital BDC Inc. | New | 0.11% | +0.11 |
| CRM Salesforce Inc. | Add +46.0% | 0.25% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +61.9% | 0.23% | +0.08 |
| FSK FS KKR Capital Corp. | New | 0.07% | +0.07 |
| ARCC Ares Capital Corp. | New | 0.07% | +0.07 |
| BXSL Blackstone Secured Lending F | New | 0.07% | +0.07 |
| OBDC Blue Owl Capital Corp. | New | 0.07% | +0.07 |
| RIO Rio Tinto PLC-Spon ADR | Add +1.0% | 0.47% | +0.06 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.23% | +0.06 |
| OCSL Oaktree Specialty Lending Co. | New | 0.06% | +0.06 |
| RMCF Rocky Mountain Choc Fact Inc. | New | 0.06% | +0.06 |
| GDX Vaneck Gold Miners ETF | Add +0.0% | 0.89% | +0.04 |
| KMB Kimberly-Clark Corp. | Add +12500.0% | 0.04% | +0.04 |
| FIG Figma Inc. Class A | New | 0.04% | +0.04 |
| SCHC Schwab Intl Small-Cap Equity | Add +39.0% | 0.11% | +0.03 |
| ONDS Ondas Inc. | Add +4600.0% | 0.02% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.6% | 0.87% | +0.02 |
| WMT Walmart Inc. | Add +0.5% | 0.74% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.07% | +0.01 |
| SFD Smithfield Foods Inc. | Add +38.0% | 0.07% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +456.6% | 0.01% | +0.01 |
| AAPL Apple Inc. | Add +0.4% | 2.65% | +0.01 |
| AMGN Amgen Inc. | Add +0.7% | 0.12% | +0.01 |
| SBS Cia Saneamento Basico DE-ADR | New | 0.01% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | Add +962.5% | 0.01% | +0.01 |
| OWL Blue Owl Capital Inc. | Add +9318.2% | 0.01% | +0.01 |
| IDV iShares International Select | Add +0.3% | 0.48% | +0.01 |
| JNJ Johnson & Johnson | Add +1.1% | 0.11% | +0.01 |
| DHR Danaher Corp. | Add +0.8% | 0.07% | +0.01 |
| DAL Delta Air Lines Inc. | Add +0.3% | 0.04% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +9.8% | 0.02% | +0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +15.5% | 0.07% | +0.01 |
| RIVN Rivian Automotive Inc. Class A | Add +0.1% | 0.02% | +0.00 |
| WFC Wells Fargo & Co. | Add +1.0% | 0.10% | +0.00 |
| VOD Vodafone Group PLC-SP ADR | Add +40.9% | 0.01% | +0.00 |
| AMD Advanced Micro Devices | Add +5.0% | 0.02% | +0.00 |
| EXK Endeavour Silver Corp. | New | 0.00% | +0.00 |
| DFAX Dimensional World Ex US Core | Add +7.8% | 0.08% | +0.00 |
| USMV iShares MSCI USA Min Vol Fac | Add +18.8% | 0.05% | +0.00 |
Options Activity Q3 2025 → Q4 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -13.0% | 12 | $37 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,159 | $273.9M | DFAC, DUSB, DFUS, GTO, DFAI |
| Q1 2026 | 1,135 | $246.9M | DFAC, DUSB, DFUS, GTO, DFIC |
| Q4 2025 | 1,073 | $230.1M | DFAC, DUSB, DFUS, GTO, DFAI |
| Q3 2025 | 1,002 | $215.6M | DFAC, DUSB, DFUS, DFIC, DFAI |
| Q2 2025 | 861 | $199.8M | DFAC, DUSB, DFUS, DFIC, DFAI |
| Q1 2025 | 796 | $185.3M | DFAC, DUSB, DFUS, GTO, DFAI |
| Q4 2024 | 463 | $180.5M | DFAC, DUSB, DFUS, DFIC, DFAU |
| Q3 2024 | 470 | $172.5M | DFAC, DUSB, DFUS, DFAI, DFIC |
| Q2 2024 | 433 | $140.0M | DFAC, SCHO, DFIC, DFAU, DFAI |
| Q1 2024 | 450 | $114.5M | DFAC, SCHO, MGM, DFIC, AAPL |