Asset Dedication, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Asset Dedication, LLC reported 1,127 stock positions worth $1.2 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 10.6% of the portfolio, followed by Dimensional US Target Value (DFAT, 9.6%) and Dimensional Emrg MRKT Val (DFEV, 5.5%). Compared with Q4 2024, it opened 87 new positions, sold out of 53, added to 229 and reduced 310. The biggest buy was Dimensional International (DFIC, shares +8%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001475896
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001475896-25-000002 ↗ filed May 1, 2025
Holdings Value
Holdings 1,127 stocks · $1.2B
| DFAC Dimensional US Core Equity 2 | 10.63% | 3,969,056 | $130.9M | Reduce -1.6% |
| DFAT Dimensional US Target Value | 9.63% | 2,305,024 | $118.7M | Add +0.9% |
| DFEV Dimensional Emrg MRKT Val | 5.54% | 2,525,043 | $68.3M | Add +1.7% |
| DFEM Dimensional Emrg MRKT Core | 5.37% | 2,502,409 | $66.2M | Add +1.9% |
| DFIC Dimensional International Co. | 4.77% | 2,117,644 | $58.8M | Add +7.5% |
| DFAX Dimensional World Ex US Core | 4.62% | 2,174,573 | $57.0M | Reduce -10.3% |
| DFUS Dimensional US Eq MKT ETF | 3.09% | 629,018 | $38.0M | Reduce -3.0% |
| DISV Dimensional International SM | 3.06% | 1,294,201 | $37.7M | Add +6.7% |
| BSCP Invesco Bulletshares 2025 CB | 2.28% | 1,356,619 | $28.1M | Reduce -1.3% |
| BSCQ Invesco Bulletshares 2026 CB | 2.08% | 1,317,986 | $25.7M | Add +0.7% |
| AAPL Apple Inc. | 1.80% | 99,679 | $22.1M | Add +9.8% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.41% | 226,016 | $17.4M | Reduce -18.5% |
| MSFT Microsoft Corp. | 1.17% | 38,530 | $14.5M | Reduce -3.4% |
| BSCR Invesco Bulletshares 2027 CB | 1.17% | 735,086 | $14.4M | Add +4.0% |
| NVDA Nvidia Corp. | 0.99% | 112,425 | $12.2M | Reduce -3.9% |
| ITOT iShares Core S&P Total U.S. | 0.91% | 92,072 | $11.2M | Reduce -16.5% |
| BSCS Invesco Bulletshares 2028 CB | 0.90% | 544,618 | $11.1M | Add +0.7% |
| AMZN Amazon.com Inc. | 0.77% | 49,957 | $9.5M | Reduce -2.0% |
| BSCT Invesco Bulletshares 2029 CB | 0.75% | 495,581 | $9.2M | Add +1.8% |
| SCHX Schwab US Large-Cap ETF | 0.73% | 409,820 | $9.0M | Add +2.1% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.72% | 112,588 | $8.8M | Reduce -13.3% |
| JPM JPMorgan Chase & Co. | 0.66% | 33,113 | $8.1M | Reduce -18.2% |
| IJS iShares S&P Small-Cap 600 Va | 0.65% | 81,663 | $8.0M | Reduce -5.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 28,435 | $7.8M | Add +2.7% |
| BSCU Invesco Bulletshares 2030 CB | 0.60% | 443,325 | $7.4M | Add +7.8% |
| WMT Walmart Inc. | 0.59% | 82,828 | $7.3M | Reduce -4.4% |
| NFLX Netflix Inc. | 0.57% | 7,545 | $7.0M | Reduce -4.9% |
| V Visa Inc. Class A | 0.57% | 19,901 | $7.0M | Reduce -3.5% |
| AXP American Express Co. | 0.55% | 25,335 | $6.8M | Reduce -3.7% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.53% | 211,779 | $6.5M | Reduce -10.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.51% | 83,264 | $6.3M | Reduce -21.9% |
| AVGO Broadcom Inc. | 0.50% | 37,058 | $6.2M | Reduce -3.8% |
| SCHA Schwab US Small-Cap ETF | 0.49% | 259,290 | $6.1M | Reduce -0.6% |
| DGRO iShares Core Dividend Growth | 0.49% | 97,489 | $6.0M | Reduce -11.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.47% | 10,346 | $5.8M | Reduce -1.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.47% | 247,283 | $5.8M | Add +90.6% |
| COST Costco Wholesale Corp. | 0.46% | 6,034 | $5.7M | Reduce -2.9% |
| UNH Unitedhealth Group Inc. | 0.46% | 10,758 | $5.6M | Reduce -4.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.46% | 47,057 | $5.6M | Add +10.5% |
| BSCV Invesco Bulletshares 2031 CB | 0.45% | 336,542 | $5.5M | Add +26.1% |
| META Meta Platforms Inc. Class A | 0.44% | 9,444 | $5.4M | Reduce -6.4% |
| XOM Exxon Mobil Corp. | 0.42% | 43,459 | $5.2M | Reduce -2.8% |
| CAT Caterpillar Inc. | 0.37% | 13,751 | $4.5M | Reduce -2.4% |
| ORCL Oracle Corp. | 0.36% | 32,064 | $4.5M | Reduce -5.4% |
| IEMG iShares Core MSCI Emerging | 0.36% | 81,933 | $4.4M | Reduce -17.6% |
| HD Home Depot Inc. | 0.36% | 11,942 | $4.4M | Reduce -9.8% |
| GOOG Alphabet Inc. Class C | 0.35% | 27,900 | $4.4M | Reduce -3.2% |
| MCD McDonald's Corp. | 0.34% | 13,285 | $4.1M | Reduce -1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 16,504 | $4.1M | Reduce -2.8% |
| TRV The Travelers Cos Inc. | 0.33% | 15,470 | $4.1M | Reduce -3.6% |
| DFAU Dimensional US Core Equity M | 0.33% | 105,614 | $4.1M | Add +115959.3% |
| GS Goldman Sachs Group Inc. | 0.33% | 7,363 | $4.0M | Reduce -5.7% |
| DFSI Dimensional Int Sus COR1 ETF | 0.32% | 111,476 | $3.9M | Reduce -13.9% |
| VOO Vanguard S&P 500 ETF | 0.31% | 7,485 | $3.8M | Add +5.4% |
| PG The Procter & Gamble Co. | 0.31% | 22,273 | $3.8M | Reduce -10.7% |
| LLY Eli Lilly & Co. | 0.30% | 4,506 | $3.7M | Reduce -10.8% |
| BSCW Invesco Bulletshares 2032 CB | 0.29% | 176,342 | $3.6M | Add +49.5% |
| SPEM State Street SP PTF Em ETF | 0.28% | 89,133 | $3.5M | Reduce -8.2% |
| AMGN Amgen Inc. | 0.28% | 11,208 | $3.5M | Add +0.6% |
| KO The Coca-Cola Co. | 0.28% | 47,591 | $3.4M | Add +1.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.27% | 8,059 | $3.4M | No change |
| SCHG Schwab US Large-Cap Growth | 0.27% | 134,446 | $3.4M | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 0.26% | 5,699 | $3.2M | Reduce -12.3% |
| MA Mastercard Inc. Class A | 0.25% | 5,604 | $3.1M | Reduce -7.3% |
| DFSU Dimensional US Sus CORE1 ETF | 0.24% | 84,280 | $3.0M | Add +8.5% |
| CSCO Cisco Systems Inc. | 0.23% | 46,853 | $2.9M | Reduce -4.2% |
| RTX RTX Corp. | 0.23% | 21,430 | $2.8M | Reduce -3.1% |
| SCHB Schwab US Broad Market ETF | 0.23% | 131,071 | $2.8M | Reduce -38.0% |
| TXN Texas Instruments Inc. | 0.22% | 15,408 | $2.8M | Reduce -8.0% |
| TMUS T-Mobile US Inc. | 0.22% | 10,260 | $2.7M | Reduce -6.2% |
| BSMQ Invesco Bulletshares 2026 MB | 0.22% | 114,873 | $2.7M | Add +4.6% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.22% | 80,193 | $2.7M | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 0.22% | 17,309 | $2.7M | Reduce -3.6% |
| CVX Chevron Corp. | 0.21% | 15,624 | $2.6M | Reduce -7.7% |
| SUSA iShares ESG Optimized MSCI U | 0.21% | 22,489 | $2.6M | Add +3.3% |
| JNJ Johnson & Johnson | 0.21% | 15,273 | $2.5M | Add +14.1% |
| MMM 3M Co. | 0.20% | 17,061 | $2.5M | Reduce -1.4% |
| BSCX Invesco Bulletshares 2033 CB | 0.20% | 118,582 | $2.5M | Add +81.5% |
| BSMR Invesco Bulletshares 2027 MB | 0.20% | 105,006 | $2.5M | Add +22.0% |
| BSMP Invesco Bulletshares 2025 MB | 0.20% | 100,212 | $2.5M | Reduce -1.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.19% | 34,725 | $2.4M | Add +17.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 5,086 | $2.4M | Add +6.7% |
| ABBV Abbvie Inc. | 0.19% | 11,068 | $2.3M | Reduce -6.4% |
| HON Honeywell International Inc. | 0.18% | 10,724 | $2.3M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.18% | 2,834 | $2.3M | Reduce -3.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 12,535 | $2.2M | Add +5.8% |
| VEA Vanguard Ftse Developed ETF | 0.17% | 40,220 | $2.0M | Reduce -1.0% |
| BSMS Invesco Bulletshares 2028 MB | 0.17% | 87,836 | $2.0M | Add +14.3% |
| IJT iShares S&P Small-Cap 600 GR | 0.16% | 16,152 | $2.0M | Add +3.6% |
| LOW Lowe's Cos Inc. | 0.16% | 8,493 | $2.0M | Add +13.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 19,796 | $2.0M | Reduce -5.6% |
| MRK Merck & Co. Inc. | 0.16% | 21,696 | $1.9M | Reduce -30.8% |
| SCHV Schwab US Large-Cap Value | 0.16% | 73,237 | $1.9M | Reduce -14.5% |
| IWF iShares Russell 1000 Growth | 0.15% | 5,048 | $1.8M | No change |
| DEW Wisdomtree Global High Divid | 0.14% | 31,401 | $1.8M | Add +0.9% |
| IWB iShares Russell 1000 ETF | 0.14% | 5,659 | $1.7M | Add +0.1% |
| T AT&T Inc. | 0.14% | 60,289 | $1.7M | Reduce -2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 40,794 | $1.7M | Add +0.1% |
| ESML iShares ESG Aware MSCI USA S | 0.14% | 43,910 | $1.7M | Reduce -11.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.14% | 4,528 | $1.7M | Reduce -4.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $4K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3 | $4K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 3 | $84 | No change |
Lines left out (1) · $27 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SWKS Skyworks Solutions Inc. | COM | 0 | $27 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2024 → Q1 2025
| DFAC Dimensional US Core Equity 2 | Reduce -1.6% | 10.63% | −0.35 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -18.5% | 1.41% | −0.34 |
| NVDA Nvidia Corp. | Reduce -3.9% | 0.99% | −0.25 |
| ITOT iShares Core S&P Total U.S. | Reduce -16.5% | 0.91% | −0.20 |
| AVGO Broadcom Inc. | Reduce -3.8% | 0.50% | −0.20 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -13.3% | 0.72% | −0.18 |
| DFUS Dimensional US Eq MKT ETF | Reduce -3.0% | 3.09% | −0.16 |
| MSFT Microsoft Corp. | Reduce -3.4% | 1.17% | −0.15 |
| SCHB Schwab US Broad Market ETF | Reduce -38.0% | 0.23% | −0.15 |
| DFAX Dimensional World Ex US Core | Reduce -10.3% | 4.62% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 0.77% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -18.2% | 0.66% | −0.10 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -5.3% | 0.65% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -30.8% | 0.16% | −0.09 |
| ORCL Oracle Corp. | Reduce -5.4% | 0.36% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -3.2% | 0.35% | −0.08 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -21.9% | 0.51% | −0.08 |
| NOW ServiceNow Inc. | Reduce -3.6% | 0.18% | −0.06 |
| AXP American Express Co. | Reduce -3.7% | 0.55% | −0.06 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -30.6% | 0.11% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -3.6% | 0.22% | −0.05 |
| HD Home Depot Inc. | Reduce -9.8% | 0.36% | −0.05 |
| IEMG iShares Core MSCI Emerging | Reduce -17.6% | 0.36% | −0.05 |
| VFC VF Corp. | Reduce -8.4% | 0.10% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -33.1% | 0.09% | −0.04 |
| DGRO iShares Core Dividend Growth | Reduce -11.7% | 0.49% | −0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -49.7% | 0.05% | −0.04 |
| IXUS iShares Core Intl Stock ETF | Reduce -30.3% | 0.13% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -12.3% | 0.26% | −0.04 |
| TGT Target Corp. | Reduce -71.4% | 0.01% | −0.04 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.6% | 0.49% | −0.04 |
| TSLA Tesla Inc. | Reduce -3.9% | 0.06% | −0.04 |
| CAT Caterpillar Inc. | Reduce -2.4% | 0.37% | −0.03 |
| CRM Salesforce Inc. | Reduce -3.2% | 0.13% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -54.4% | 0.03% | −0.03 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -34.3% | 0.08% | −0.03 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -66.8% | 0.02% | −0.03 |
| ADBE Adobe Inc. | Reduce -6.8% | 0.13% | −0.03 |
| ESML iShares ESG Aware MSCI USA S | Reduce -11.3% | 0.14% | −0.03 |
| PEP Pepsico Inc. | Reduce -20.2% | 0.11% | −0.03 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -65.1% | 0.01% | −0.03 |
| WMT Walmart Inc. | Reduce -4.4% | 0.59% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.3% | 0.27% | −0.03 |
| DIS The Walt Disney Co. | Reduce -5.6% | 0.16% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -5.7% | 0.33% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -2.2% | 0.11% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -6.4% | 0.44% | −0.02 |
| DHR Danaher Corp. | Reduce -22.3% | 0.06% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -8.0% | 0.22% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -29.8% | 0.06% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| DFIC Dimensional International Co. | Add +7.5% | 4.77% | +0.77 |
| DISV Dimensional International SM | Add +6.7% | 3.06% | +0.52 |
| DFEV Dimensional Emrg MRKT Val | Add +1.7% | 5.54% | +0.42 |
| DFAU Dimensional US Core Equity M | Add +115959.3% | 0.33% | +0.33 |
| DFEM Dimensional Emrg MRKT Core | Add +1.9% | 5.37% | +0.31 |
| IBTF iShares Ibonds Dec 2025 Term | Add +90.6% | 0.47% | +0.23 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.13% | +0.13 |
| BSCV Invesco Bulletshares 2031 CB | Add +26.1% | 0.45% | +0.11 |
| BSCW Invesco Bulletshares 2032 CB | Add +49.5% | 0.29% | +0.10 |
| BSCX Invesco Bulletshares 2033 CB | Add +81.5% | 0.20% | +0.10 |
| BSCR Invesco Bulletshares 2027 CB | Add +4.0% | 1.17% | +0.09 |
| BSCQ Invesco Bulletshares 2026 CB | Add +0.7% | 2.08% | +0.08 |
| GILD Gilead Sciences Inc. | Add +96.8% | 0.11% | +0.07 |
| BSCU Invesco Bulletshares 2030 CB | Add +7.8% | 0.60% | +0.07 |
| AMGN Amgen Inc. | Add +0.6% | 0.28% | +0.05 |
| JNJ Johnson & Johnson | Add +14.1% | 0.21% | +0.05 |
| KO The Coca-Cola Co. | Add +1.1% | 0.28% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Add +844.1% | 0.05% | +0.04 |
| IDEV iShares Core MSCI Dev MKTS | Add +17.6% | 0.19% | +0.04 |
| BSCT Invesco Bulletshares 2029 CB | Add +1.8% | 0.75% | +0.04 |
| BSCS Invesco Bulletshares 2028 CB | Add +0.7% | 0.90% | +0.04 |
| BSMR Invesco Bulletshares 2027 MB | Add +22.0% | 0.20% | +0.04 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +10.5% | 0.46% | +0.04 |
| EBAY eBay Inc. | Add +147.8% | 0.06% | +0.04 |
| ISCV iShares Morningstar Small-Ca | Add +5501.0% | 0.03% | +0.03 |
| IBTH iShares Ibonds Dec 2027 Term | Add +32.6% | 0.09% | +0.03 |
| BSMS Invesco Bulletshares 2028 MB | Add +14.3% | 0.17% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +380.7% | 0.03% | +0.02 |
| IBTG iShares Ibonds Dec 2026 Term | Add +72.8% | 0.05% | +0.02 |
| BSCY Invesco Bulletshares 2034 CB | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +58.1% | 0.04% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +2440.3% | 0.02% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +5.8% | 0.18% | +0.02 |
| BSMT Invesco Bulletshares 2029 MB | Add +15.6% | 0.11% | +0.02 |
| LIN Linde PLC | Add +4.2% | 0.10% | +0.02 |
| ELV Elevance Health Inc. | Add +7.0% | 0.07% | +0.02 |
| BSMQ Invesco Bulletshares 2026 MB | Add +4.6% | 0.22% | +0.02 |
| LOW Lowe's Cos Inc. | Add +13.5% | 0.16% | +0.02 |
| DEW Wisdomtree Global High Divid | Add +0.9% | 0.14% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +9.6% | 0.11% | +0.01 |
| SHW The Sherwin-Williams Co. | Add +11.6% | 0.09% | +0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Add +8.5% | 0.24% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +508.1% | 0.01% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Add +30.3% | 0.04% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +3.9% | 0.12% | +0.01 |
| NOC Northrop Grumman Corp. | Add +5.1% | 0.07% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +5.4% | 0.31% | +0.01 |
| DE Deere & Co. | Add +0.9% | 0.08% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +3.1% | 0.08% | +0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +3187.9% | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,238 | $1.6B | DFAC, DFAT, DFEV, DFEM, DFIC |
| Q1 2026 | 1,111 | $1.4B | DFAC, DFAT, DFEV, DFEM, DFIC |
| Q4 2025 | 1,121 | $1.5B | DFAC, DFAT, DFEV, DFIC, DFEM |
| Q3 2025 | 1,138 | $1.5B | DFAC, DFAT, DFEV, DFEM, DFIC |
| Q2 2025 | 1,176 | $1.4B | DFAC, DFAT, DFEV, DFEM, DFIC |
| Q1 2025 | 1,127 | $1.2B | DFAC, DFAT, DFEV, DFEM, DFIC |
| Q4 2024 | 1,091 | $1.3B | DFAC, DFAT, DFEV, DFEM, DFAX |
| Q3 2024 | 1,143 | $1.5B | DFAC, DFAT, DFAX, DFEV, DFEM |
| Q2 2024 | 1,190 | $1.4B | DFAC, DFAT, DFAX, DFEV, DFEM |
| Q1 2024 | 1,019 | $1.3B | DFAC, DFAT, DFAX, DFEV, DFEM |