Apella Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Apella Capital, LLC reported 386 stock positions worth $2.9 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 12.9% of the portfolio, followed by Vanguard Short-Term Bond ETF (BSV, 4.5%) and Dimensional Short Duration (DFSD, 4.4%). Compared with Q4 2024, it opened 56 new positions, sold out of 11, added to 209 and reduced 99. The biggest buy was Dimensional Short Duration (DFSD, shares +61%) and the biggest sale Vanguard Total Intl Bond ETF (BNDX, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- WEST HARTFORD, CT
- CIK
- 0001801507
- Portfolio Value
- $2.9B (Q1 2025)
- SEC Filing
- 0001801507-25-000005 ↗ filed Apr 10, 2025
Holdings Value
Holdings 386 stocks · $2.9B
| DFAC Dimensional US Core Equity 2 | 12.90% | 11,812,257 | $375.7M | Add +11.5% |
| BSV Vanguard Short-Term Bond ETF | 4.55% | 1,698,621 | $132.6M | Reduce -6.5% |
| DFSD Dimensional Short Duration | 4.39% | 2,694,401 | $127.8M | Add +61.2% |
| BND Vanguard Total Bond Market | 3.74% | 1,499,836 | $109.0M | Reduce -1.3% |
| VTI VG Morningstar TS MKT ETF-US | 3.65% | 396,108 | $106.3M | Add +19.3% |
| DFIC Dimensional International Co. | 2.98% | 3,254,844 | $86.7M | Add +16.1% |
| DFCF Dimensional Core Fixed Inc. | 2.92% | 2,040,511 | $85.0M | Add +6.9% |
| BNDX Vanguard Total Intl Bond ETF | 2.88% | 1,719,141 | $83.8M | Reduce -21.4% |
| DFAT Dimensional US Target Value | 2.73% | 1,637,566 | $79.6M | Reduce -2.4% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 2.18% | 323,304 | $63.6M | Reduce -20.6% |
| VEA Vanguard Ftse Developed ETF | 2.09% | 1,240,949 | $60.9M | Reduce -1.8% |
| VWO Vanguard Ftse Emerging Marke | 1.85% | 1,266,007 | $53.8M | Add +17.2% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 1.67% | 936,969 | $48.7M | Add +186.3% |
| DFIV Dimensional International Va | 1.57% | 1,230,119 | $45.7M | Reduce -2.3% |
| DUHP Dimensional US High Profi Et | 1.56% | 1,429,319 | $45.5M | Add +168.6% |
| DFUS Dimensional US Eq MKT ETF | 1.44% | 715,546 | $42.0M | Add +8.7% |
| MTUM iShares MSCI USA Momentum Fa | 1.39% | 203,095 | $40.6M | Reduce -23.9% |
| DFEM Dimensional Emrg MRKT Core | 1.16% | 1,358,092 | $33.9M | Reduce -2.9% |
| SUB iShares Short-Term National | 1.13% | 314,352 | $33.0M | Add +15.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.10% | 196,335 | $32.2M | Reduce -6.8% |
| VONE Vanguard Russell 1000 | 1.06% | 125,999 | $31.0M | Add +262.6% |
| MSFT Microsoft Corp. | 1.06% | 78,753 | $30.8M | Add +8.8% |
| DFNM Dimensional National Muni BD | 1.04% | 643,483 | $30.2M | Add +16.4% |
| AVEM Avantis Emerging Markets Eq | 0.93% | 477,685 | $27.1M | Add +129.4% |
| DFAX Dimensional World Ex US Core | 0.91% | 1,060,948 | $26.5M | Add +21.5% |
| AVDE Avantis International Equity | 0.89% | 409,567 | $26.0M | Add +59.6% |
| AVDV Avantis Intl S/C Value ETF | 0.87% | 380,837 | $25.4M | Add +35.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.83% | 218,001 | $24.2M | Reduce -19.2% |
| VTIP Vanguard Short-Term Tips | 0.80% | 469,607 | $23.4M | Reduce -3.2% |
| AAPL Apple Inc. | 0.78% | 113,837 | $22.6M | Add +45.0% |
| MUB iShares National Muni Bond E | 0.76% | 213,479 | $22.1M | Reduce -12.1% |
| DFLV Dim US Large Cap Value ETF | 0.71% | 719,582 | $20.8M | Add +168.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.66% | 263,008 | $19.2M | Add +262.5% |
| DFUV Dimensional US Marketwide Va | 0.65% | 485,458 | $18.9M | Reduce -0.2% |
| QUAL iShares MSCI USA Quality Fac | 0.64% | 113,352 | $18.8M | Reduce -23.5% |
| DIHP Dimensional International Hi | 0.63% | 707,883 | $18.4M | Add +157.6% |
| VCIT Vanguard Int-Term Corporate | 0.62% | 222,191 | $17.9M | Reduce -6.5% |
| USMV iShares MSCI USA Min Vol Fac | 0.61% | 198,936 | $17.9M | Reduce -24.8% |
| AVUS Avantis U.S. Equity ETF | 0.58% | 189,041 | $16.8M | Reduce -0.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.56% | 337,840 | $16.4M | Add +12.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.50% | 319,588 | $14.6M | Add +154.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.49% | 57,317 | $14.1M | Add +11.7% |
| VONG Vanguard Russell 1000 Growth | 0.46% | 145,393 | $13.4M | Add +2521.6% |
| IMTM iShares MSCI Intl Momentum F | 0.46% | 344,465 | $13.3M | Reduce -24.8% |
| IJH iShares Core S&P Midcap ETF | 0.45% | 236,528 | $13.2M | Add +2958.7% |
| VOO Vanguard S&P 500 ETF | 0.45% | 26,491 | $13.2M | Add +188.3% |
| IBTF iShares Ibonds Dec 2025 Term | 0.44% | 555,538 | $13.0M | Add +3544.8% |
| SPAB SS SPDR P Agg Bond ETF | 0.44% | 510,167 | $12.9M | Add +456.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.43% | 59,585 | $12.6M | Add +7.2% |
| GEM Goldman Sachs Activebeta Em | 0.43% | 401,492 | $12.6M | Reduce -24.3% |
| ESGU iShares ESG Aware MSCI USA | 0.41% | 100,965 | $12.0M | Reduce -12.2% |
| VIG Vanguard Dividend Apprec ETF | 0.40% | 62,191 | $11.6M | Add +0.8% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.40% | 240,656 | $11.6M | Add +534.9% |
| IWF iShares Russell 1000 Growth | 0.39% | 31,827 | $11.4M | Add +625.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.38% | 63,339 | $11.2M | Reduce -12.2% |
| SCHO Schwab Short-Term US Treas | 0.38% | 452,016 | $11.0M | Reduce -42.3% |
| EMB iShares JP Morgan Usd Emergi | 0.37% | 121,905 | $10.8M | Add +28.2% |
| IAGG iShares Intl Aggregate Bond | 0.37% | 213,009 | $10.7M | Add +261.4% |
| JNK SS SPDR BB High Yield Bond | 0.36% | 112,138 | $10.5M | Reduce -22.3% |
| VXUS Vanguard Total Intl Stock | 0.36% | 174,606 | $10.4M | Reduce -2.5% |
| NVDA Nvidia Corp. | 0.36% | 90,720 | $10.4M | Add +184.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.36% | 131,783 | $10.4M | Reduce -3.2% |
| VGSH Vanguard Short-Term Treasury | 0.35% | 172,685 | $10.1M | Add +35.2% |
| IWD iShares Russell 1000 Value E | 0.35% | 56,372 | $10.1M | Add +642.8% |
| VGIT Vanguard Intermediate-Term T | 0.33% | 161,356 | $9.5M | Add +4.8% |
| ESGV Vanguard ESG US Stock ETF | 0.33% | 99,674 | $9.5M | Add +4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 17,819 | $9.3M | Add +10.2% |
| EAGG iShares ESG Aware US Aggrega | 0.31% | 192,080 | $9.0M | Reduce -1.1% |
| VUSB Vanguard Ultra Short Bond Et | 0.30% | 173,826 | $8.6M | Add +3.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.29% | 368,024 | $8.4M | Add +2267.2% |
| EFV iShares MSCI Eafe Value ETF | 0.28% | 148,318 | $8.3M | Reduce -14.0% |
| GD General Dynamics Corp. | 0.26% | 28,399 | $7.7M | Add +0.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.26% | 100,408 | $7.6M | Reduce -26.0% |
| AVLV Avantis US Large Cap Value | 0.25% | 119,827 | $7.4M | Add +281.4% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 72,433 | $7.1M | Add +40.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 12,967 | $7.1M | Reduce -2.4% |
| SPIB SS SPDR P Int C Corp. ETF | 0.24% | 214,386 | $7.1M | Add +473.6% |
| AMZN Amazon.com Inc. | 0.24% | 36,220 | $6.9M | Add +33.8% |
| DFIP Dimensional Inflation-Protec | 0.24% | 166,051 | $6.9M | Add +13.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.24% | 198,694 | $6.9M | Add +35.4% |
| ESGD iShares Trust iShares ESG Aw | 0.23% | 83,896 | $6.6M | Reduce -1.4% |
| DFGR Dim Global Real Estate ETF | 0.21% | 244,636 | $6.1M | Reduce -15.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.21% | 127,642 | $6.0M | Reduce -13.8% |
| IQLT iShares MSCI International Q | 0.20% | 149,158 | $5.8M | Reduce -25.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.20% | 108,335 | $5.7M | Reduce -1.5% |
| ITOT iShares Core S&P Total U.S. | 0.20% | 48,091 | $5.7M | Add +49.0% |
| VSGX Vanguard ESG Intl Stock ETF | 0.20% | 101,464 | $5.7M | Reduce -7.8% |
| SPHY SS SPDR P High Yield ETF | 0.19% | 246,276 | $5.7M | Add +1102.6% |
| SUSB iShares ESG Aware 1-5 Year U | 0.19% | 219,793 | $5.5M | Reduce -0.1% |
| EWX State Street SPDR S&P Emergi | 0.18% | 99,626 | $5.2M | Add +7.9% |
| DFAW Dimensional World Eqty ETF | 0.18% | 87,890 | $5.2M | Add +27.4% |
| DFAI Dimensional International Co. | 0.17% | 166,241 | $5.0M | Add +3.4% |
| DFSI Dimensional Int Sus COR1 ETF | 0.17% | 145,116 | $4.9M | Add +28.0% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.16% | 81,626 | $4.6M | Reduce -24.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.15% | 53,278 | $4.4M | Reduce -13.9% |
| DOCS Doximity Inc. Class A | 0.15% | 79,039 | $4.4M | Add +14.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.14% | 11,463 | $4.2M | Add +327.4% |
| JNJ Johnson & Johnson | 0.14% | 27,649 | $4.2M | Add +13.6% |
| DFAU Dimensional US Core Equity M | 0.14% | 108,407 | $4.0M | Add +22.9% |
| DFSB Dim GLB Sustain Fix Inc. ETF | 0.14% | 78,640 | $4.0M | Add +16.9% |
Options reported separately and not counted above: MPT puts ($16K).
Portfolio Sells Q4 2024 → Q1 2025
| BNDX Vanguard Total Intl Bond ETF | Reduce -21.4% | 2.88% | −1.24 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -20.6% | 2.18% | −1.14 |
| DFAT Dimensional US Target Value | Reduce -2.4% | 2.73% | −0.85 |
| BSV Vanguard Short-Term Bond ETF | Reduce -6.5% | 4.55% | −0.83 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -23.9% | 1.39% | −0.73 |
| BND Vanguard Total Bond Market | Reduce -1.3% | 3.74% | −0.45 |
| QUAL iShares MSCI USA Quality Fac | Reduce -23.5% | 0.64% | −0.37 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -19.2% | 0.83% | −0.35 |
| SCHO Schwab Short-Term US Treas | Reduce -42.3% | 0.38% | −0.35 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -24.8% | 0.61% | −0.29 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.8% | 1.10% | −0.26 |
| DFEM Dimensional Emrg MRKT Core | Reduce -2.9% | 1.16% | −0.24 |
| MUB iShares National Muni Bond E | Reduce -12.1% | 0.76% | −0.24 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.8% | 2.09% | −0.23 |
| GEM Goldman Sachs Activebeta Em | Reduce -24.3% | 0.43% | −0.22 |
| IMTM iShares MSCI Intl Momentum F | Reduce -24.8% | 0.46% | −0.20 |
| JNK SS SPDR BB High Yield Bond | Reduce -22.3% | 0.36% | −0.17 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -12.2% | 0.38% | −0.16 |
| ESGU iShares ESG Aware MSCI USA | Reduce -12.2% | 0.41% | −0.16 |
| DFIV Dimensional International Va | Reduce -2.3% | 1.57% | −0.15 |
| AVUS Avantis U.S. Equity ETF | Reduce -0.8% | 0.58% | −0.13 |
| VCIT Vanguard Int-Term Corporate | Reduce -6.5% | 0.62% | −0.12 |
| DFUV Dimensional US Marketwide Va | Reduce -0.2% | 0.65% | −0.11 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -26.0% | 0.26% | −0.11 |
| VTIP Vanguard Short-Term Tips | Reduce -3.2% | 0.80% | −0.10 |
| WST West Pharmaceutical Services | Reduce -0.0% | 0.12% | −0.09 |
| IQLT iShares MSCI International Q | Reduce -25.3% | 0.20% | −0.09 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -24.1% | 0.16% | −0.08 |
| BILL Bill Holdings Inc. | Reduce -0.1% | 0.07% | −0.08 |
| DFGR Dim Global Real Estate ETF | Reduce -15.2% | 0.21% | −0.07 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -13.8% | 0.21% | −0.06 |
| EFV iShares MSCI Eafe Value ETF | Reduce -14.0% | 0.28% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.4% | 0.24% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.2% | 0.36% | −0.05 |
| VXUS Vanguard Total Intl Stock | Reduce -2.5% | 0.36% | −0.05 |
| UAL United Airlines Holdings Inc. | Reduce -0.0% | 0.09% | −0.05 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -7.8% | 0.20% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -13.9% | 0.15% | −0.04 |
| DFAS Dimensional US Small Cap ETF | Reduce -6.6% | 0.12% | −0.04 |
| AVUV Avantis US Small Cap Value | Reduce -0.7% | 0.11% | −0.04 |
| EAGG iShares ESG Aware US Aggrega | Reduce -1.1% | 0.31% | −0.04 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.03 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -25.5% | 0.06% | −0.03 |
| VT Vanguard Tot World STK ETF | Reduce -1.1% | 0.13% | −0.02 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -1.5% | 0.20% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -70.1% | 0.01% | −0.02 |
| ESGD iShares Trust iShares ESG Aw | Reduce -1.4% | 0.23% | −0.02 |
| ARKK ARK Innovation ETF | Reduce -3.4% | 0.05% | −0.02 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -0.1% | 0.19% | −0.02 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| DFSD Dimensional Short Duration | Add +61.2% | 4.39% | +1.38 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | Add +186.3% | 1.67% | +1.01 |
| DUHP Dimensional US High Profi Et | Add +168.6% | 1.56% | +0.87 |
| VONE Vanguard Russell 1000 | Add +262.6% | 1.06% | +0.71 |
| IEFA iShares Core MSCI Eafe ETF | Add +262.5% | 0.66% | +0.46 |
| AVEM Avantis Emerging Markets Eq | Add +129.4% | 0.93% | +0.46 |
| VONG Vanguard Russell 1000 Growth | Add +2521.6% | 0.46% | +0.44 |
| IJH iShares Core S&P Midcap ETF | Add +2958.7% | 0.45% | +0.44 |
| IBTF iShares Ibonds Dec 2025 Term | Add +3544.8% | 0.44% | +0.43 |
| DFLV Dim US Large Cap Value ETF | Add +168.1% | 0.71% | +0.40 |
| DIHP Dimensional International Hi | Add +157.6% | 0.63% | +0.36 |
| SPAB SS SPDR P Agg Bond ETF | Add +456.0% | 0.44% | +0.35 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +534.9% | 0.40% | +0.33 |
| IWF iShares Russell 1000 Growth | Add +625.8% | 0.39% | +0.32 |
| IWD iShares Russell 1000 Value E | Add +642.8% | 0.35% | +0.29 |
| AVDE Avantis International Equity | Add +59.6% | 0.89% | +0.29 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +154.3% | 0.50% | +0.28 |
| IBTG iShares Ibonds Dec 2026 Term | Add +2267.2% | 0.29% | +0.28 |
| VOO Vanguard S&P 500 ETF | Add +188.3% | 0.45% | +0.26 |
| IAGG iShares Intl Aggregate Bond | Add +261.4% | 0.37% | +0.25 |
| DFIC Dimensional International Co. | Add +16.1% | 2.98% | +0.20 |
| SPIB SS SPDR P Int C Corp. ETF | Add +473.6% | 0.24% | +0.20 |
| NVDA Nvidia Corp. | Add +184.7% | 0.36% | +0.19 |
| SPHY SS SPDR P High Yield ETF | Add +1102.6% | 0.19% | +0.18 |
| AVLV Avantis US Large Cap Value | Add +281.4% | 0.25% | +0.17 |
| AVDV Avantis Intl S/C Value ETF | Add +35.0% | 0.87% | +0.17 |
| PSLV Sprott Physical Silver Trust | New | 0.12% | +0.12 |
| HYGH iShares Int Rate Hedg HY ETF | New | 0.10% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +327.4% | 0.14% | +0.10 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.10% | +0.10 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.08% | +0.08 |
| PHYS Sprott Physical Gold Trust | New | 0.08% | +0.08 |
| DFAX Dimensional World Ex US Core | Add +21.5% | 0.91% | +0.08 |
| UNP Union Pacific Corp. | Add +714.2% | 0.07% | +0.06 |
| VGSH Vanguard Short-Term Treasury | Add +35.2% | 0.35% | +0.06 |
| IBTH iShares Ibonds Dec 2027 Term | Add +509.6% | 0.07% | +0.06 |
| PEP Pepsico Inc. | Add +126.1% | 0.11% | +0.05 |
| HSCZ iShares Cur HDG MSCI Eafe SM | New | 0.05% | +0.05 |
| DE Deere & Co. | Add +151.4% | 0.09% | +0.05 |
| EMB iShares JP Morgan Usd Emergi | Add +28.2% | 0.37% | +0.05 |
| RWO State Street SPDR Dow Jones | New | 0.05% | +0.05 |
| IBTI iShares Ibonds Dec 2028 Term | Add +343.7% | 0.05% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.2% | 0.32% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +49.0% | 0.20% | +0.04 |
| FDX FedEx Corp. | New | 0.04% | +0.04 |
| AVXL Anavex Life Sciences Corp. | New | 0.03% | +0.03 |
| SUB iShares Short-Term National | Add +15.1% | 1.13% | +0.03 |
| DUSB Dimension Ultrashort Fi ETF | New | 0.03% | +0.03 |
| DFSI Dimensional Int Sus COR1 ETF | Add +28.0% | 0.17% | +0.03 |
| BUG Global X Cybersecurity ETF | New | 0.02% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| MPT Medical Properties Trust Inc. | put | New | 12,700 | $16K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 691 | $7.1B | DFAC, VTI, DFSD, DFCF, DFUS |
| Q1 2026 | 673 | $6.7B | DFAC, VTI, DFSD, DFCF, DFIC |
| Q4 2025 | 529 | $5.1B | DFAC, VTI, DFSD, DFIC, BSV |
| Q3 2025 | 471 | $4.5B | DFAC, DFSD, VTI, DFIC, BND |
| Q2 2025 | 423 | $3.7B | DFAC, DFSD, VTI, BSV, DFIC |
| Q1 2025 | 386 | $2.9B | DFAC, BSV, DFSD, BND, VTI |
| Q4 2024 | 341 | $2.6B | DFAC, BSV, BND, BNDX, VTI |
| Q3 2024 | 320 | $2.4B | DFAC, BSV, BNDX, BND, DFAT |
| Q2 2024 | 307 | $2.2B | DFAC, BSV, BNDX, BND, VTI |
| Q1 2024 | 294 | $2.0B | DFAC, BSV, BNDX, BND, VTI |