Asset Dedication, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 19, 2025), Asset Dedication, LLC reported 1,176 stock positions worth $1.4 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 10.9% of the portfolio, followed by Dimensional US Target Value (DFAT, 9.4%) and Dimensional Emrg MRKT Val (DFEV, 5.6%). Compared with Q1 2025, it opened 112 new positions, sold out of 64, added to 326 and reduced 188. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001475896
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001475896-25-000005 ↗ filed Aug 19, 2025
Holdings Value
Holdings 1,176 stocks · $1.4B
| DFAC Dimensional US Core Equity 2 | 10.89% | 4,186,694 | $150.1M | Add +5.5% |
| DFAT Dimensional US Target Value | 9.39% | 2,396,117 | $129.3M | Add +4.0% |
| DFEV Dimensional Emrg MRKT Val | 5.57% | 2,556,229 | $76.7M | Add +1.2% |
| DFEM Dimensional Emrg MRKT Core | 5.37% | 2,492,664 | $74.0M | Reduce -0.4% |
| DFIC Dimensional International Co. | 5.09% | 2,254,127 | $70.1M | Add +6.5% |
| DFAX Dimensional World Ex US Core | 4.52% | 2,118,305 | $62.2M | Reduce -2.6% |
| DFUS Dimensional US Eq MKT ETF | 3.26% | 670,487 | $44.9M | Add +6.6% |
| DISV Dimensional International SM | 3.01% | 1,261,123 | $41.5M | Reduce -2.6% |
| BSCP Invesco Bulletshares 2025 CB | 2.06% | 1,369,642 | $28.3M | Add +1.0% |
| BSCQ Invesco Bulletshares 2026 CB | 1.85% | 1,305,885 | $25.5M | Reduce -0.9% |
| AAPL Apple Inc. | 1.47% | 98,703 | $20.3M | Reduce -1.0% |
| MSFT Microsoft Corp. | 1.39% | 38,381 | $19.1M | Reduce -0.4% |
| NVDA Nvidia Corp. | 1.32% | 114,756 | $18.1M | Add +2.1% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.28% | 222,564 | $17.7M | Reduce -1.5% |
| BSCR Invesco Bulletshares 2027 CB | 1.07% | 748,053 | $14.7M | Add +1.8% |
| ITOT iShares Core S&P Total U.S. | 0.91% | 92,603 | $12.5M | Add +0.6% |
| BSCS Invesco Bulletshares 2028 CB | 0.84% | 567,164 | $11.6M | Add +4.1% |
| AMZN Amazon.com Inc. | 0.76% | 47,792 | $10.5M | Reduce -4.3% |
| AVGO Broadcom Inc. | 0.74% | 37,100 | $10.2M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 0.74% | 415,339 | $10.2M | Add +1.4% |
| NFLX Netflix Inc. | 0.73% | 7,519 | $10.1M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.73% | 34,630 | $10.0M | Add +4.6% |
| BSCT Invesco Bulletshares 2029 CB | 0.70% | 513,953 | $9.6M | Add +3.7% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.69% | 118,833 | $9.5M | Add +5.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.68% | 30,990 | $9.4M | Add +9.0% |
| IJS iShares S&P Small-Cap 600 Va | 0.58% | 79,860 | $7.9M | Reduce -2.2% |
| AXP American Express Co. | 0.58% | 24,881 | $7.9M | Reduce -1.8% |
| WMT Walmart Inc. | 0.58% | 81,133 | $7.9M | Reduce -2.0% |
| BSCU Invesco Bulletshares 2030 CB | 0.56% | 459,417 | $7.7M | Add +3.6% |
| IBTF iShares Ibonds Dec 2025 Term | 0.56% | 328,697 | $7.7M | Add +32.9% |
| DGRO iShares Core Dividend Growth | 0.55% | 118,356 | $7.6M | Add +21.4% |
| V Visa Inc. Class A | 0.51% | 19,747 | $7.0M | Reduce -0.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.51% | 83,367 | $7.0M | Add +0.1% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.50% | 210,451 | $6.9M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 11,203 | $6.9M | Add +8.3% |
| ORCL Oracle Corp. | 0.50% | 31,629 | $6.9M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.50% | 9,247 | $6.8M | Reduce -2.1% |
| SCHA Schwab US Small-Cap ETF | 0.47% | 256,140 | $6.5M | Reduce -1.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.44% | 49,185 | $6.1M | Add +4.5% |
| COST Costco Wholesale Corp. | 0.43% | 6,047 | $6.0M | Add +0.2% |
| BSCV Invesco Bulletshares 2031 CB | 0.43% | 360,661 | $6.0M | Add +7.2% |
| CAT Caterpillar Inc. | 0.39% | 13,808 | $5.4M | Add +0.4% |
| GS Goldman Sachs Group Inc. | 0.37% | 7,293 | $5.2M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.37% | 47,223 | $5.1M | Add +8.7% |
| GOOG Alphabet Inc. Class C | 0.36% | 27,774 | $4.9M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 16,653 | $4.9M | Add +0.9% |
| IEMG iShares Core MSCI Emerging | 0.36% | 81,517 | $4.9M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 0.33% | 8,091 | $4.6M | Add +8.1% |
| HD Home Depot Inc. | 0.32% | 12,181 | $4.5M | Add +2.0% |
| DFSI Dimensional Int Sus COR1 ETF | 0.32% | 112,255 | $4.4M | Add +0.7% |
| TRV The Travelers Cos Inc. | 0.30% | 15,632 | $4.2M | Add +1.1% |
| BSCW Invesco Bulletshares 2032 CB | 0.29% | 191,201 | $3.9M | Add +8.4% |
| SCHG Schwab US Large-Cap Growth | 0.29% | 134,549 | $3.9M | Add +0.1% |
| MCD McDonald's Corp. | 0.28% | 13,094 | $3.8M | Reduce -1.4% |
| SPEM State Street SP PTF Em ETF | 0.28% | 89,121 | $3.8M | Reduce -0.0% |
| LLY Eli Lilly & Co. | 0.27% | 4,740 | $3.7M | Add +5.2% |
| KO The Coca-Cola Co. | 0.27% | 51,607 | $3.7M | Add +8.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.26% | 8,059 | $3.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.26% | 5,719 | $3.6M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.25% | 21,468 | $3.4M | Reduce -3.6% |
| CSCO Cisco Systems Inc. | 0.25% | 48,880 | $3.4M | Add +4.3% |
| AMGN Amgen Inc. | 0.24% | 11,617 | $3.2M | Add +3.6% |
| MA Mastercard Inc. Class A | 0.23% | 5,760 | $3.2M | Add +2.8% |
| SCHB Schwab US Broad Market ETF | 0.23% | 135,596 | $3.2M | Add +3.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.23% | 81,257 | $3.2M | Reduce -3.6% |
| RTX RTX Corp. | 0.23% | 21,706 | $3.2M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 0.23% | 17,704 | $3.1M | Add +2.3% |
| BSMQ Invesco Bulletshares 2026 MB | 0.23% | 131,581 | $3.1M | Add +14.5% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.22% | 80,064 | $3.0M | Reduce -0.2% |
| NOW ServiceNow Inc. | 0.22% | 2,893 | $3.0M | Add +2.1% |
| MMM 3M Co. | 0.21% | 18,796 | $2.9M | Add +10.2% |
| BSMP Invesco Bulletshares 2025 MB | 0.21% | 116,560 | $2.9M | Add +16.3% |
| UNH Unitedhealth Group Inc. | 0.21% | 9,139 | $2.9M | Reduce -15.1% |
| SUSA iShares ESG Optimized MSCI U | 0.20% | 21,983 | $2.8M | Reduce -2.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.20% | 35,925 | $2.7M | Add +3.5% |
| BSCX Invesco Bulletshares 2033 CB | 0.20% | 128,620 | $2.7M | Add +8.5% |
| VEA Vanguard Ftse Developed ETF | 0.19% | 46,853 | $2.7M | Add +16.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 4,625 | $2.6M | Reduce -9.1% |
| BSMR Invesco Bulletshares 2027 MB | 0.18% | 106,949 | $2.5M | Add +1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 14,164 | $2.5M | Add +13.0% |
| TMUS T-Mobile US Inc. | 0.18% | 10,226 | $2.4M | Reduce -0.3% |
| HON Honeywell International Inc. | 0.18% | 10,453 | $2.4M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 19,086 | $2.4M | Reduce -3.6% |
| TXN Texas Instruments Inc. | 0.17% | 11,322 | $2.4M | Reduce -26.5% |
| IWF iShares Russell 1000 Growth | 0.17% | 5,498 | $2.3M | Add +8.9% |
| BSMS Invesco Bulletshares 2028 MB | 0.17% | 100,346 | $2.3M | Add +14.2% |
| IJT iShares S&P Small-Cap 600 GR | 0.17% | 17,247 | $2.3M | Add +6.8% |
| AVUV Avantis US Small Cap Value | 0.16% | 24,307 | $2.2M | Add +73.4% |
| ABBV Abbvie Inc. | 0.16% | 11,780 | $2.2M | Add +6.4% |
| JNJ Johnson & Johnson | 0.15% | 13,937 | $2.1M | Reduce -8.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 4,846 | $2.1M | Add +7.0% |
| NKE Nike Inc. Class B | 0.15% | 29,728 | $2.1M | Add +172.2% |
| CVX Chevron Corp. | 0.15% | 14,730 | $2.1M | Reduce -5.7% |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 41,815 | $2.1M | Add +23.3% |
| SCHV Schwab US Large-Cap Value | 0.15% | 73,186 | $2.0M | Reduce -0.1% |
| IWB iShares Russell 1000 ETF | 0.14% | 5,632 | $1.9M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.14% | 5,305 | $1.9M | Add +2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 39,931 | $1.9M | Reduce -2.1% |
| HUBB Hubbell Inc. | 0.13% | 4,520 | $1.8M | No change |
| DEW Wisdomtree Global High Divid | 0.13% | 31,957 | $1.8M | Add +1.8% |
Other holdings (3): 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 |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 4 | $494 | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 3 | $63 | No change |
Lines left out (1) · $31 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SWKS Skyworks Solutions Inc. | COM | 0 | $31 |
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: $1.4B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.0% | 1.47% | −0.33 |
| DFAU Dimensional US Core Equity M | Reduce -89.8% | 0.03% | −0.30 |
| UNH Unitedhealth Group Inc. | Reduce -15.1% | 0.21% | −0.25 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -0.9% | 1.85% | −0.23 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -1.5% | 1.28% | −0.13 |
| DFAX Dimensional World Ex US Core | Reduce -2.6% | 4.52% | −0.11 |
| VFC VF Corp. | Reduce -81.2% | 0.01% | −0.09 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -2.2% | 0.58% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.25% | −0.06 |
| MCD McDonald's Corp. | Reduce -1.4% | 0.28% | −0.06 |
| CVX Chevron Corp. | Reduce -5.7% | 0.15% | −0.06 |
| V Visa Inc. Class A | Reduce -0.8% | 0.51% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -26.5% | 0.17% | −0.05 |
| JNJ Johnson & Johnson | Reduce -8.8% | 0.15% | −0.05 |
| DISV Dimensional International SM | Reduce -2.6% | 3.01% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -0.3% | 0.18% | −0.05 |
| DD Dupont DE Nemours Inc. | Reduce -23.2% | 0.07% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -6.7% | 0.12% | −0.04 |
| PEP Pepsico Inc. | Reduce -10.8% | 0.08% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -25.3% | 0.04% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -5.5% | 0.13% | −0.03 |
| INTC Intel Corp. | Reduce -22.4% | 0.05% | −0.03 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -0.6% | 0.50% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.2% | 0.47% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -95.2% | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -15.0% | 0.07% | −0.02 |
| USRT iShares Core US REIT ETF | Reduce -20.1% | 0.04% | −0.02 |
| SLB SLB Ltd. | Reduce -0.1% | 0.04% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -48.5% | 0.01% | −0.02 |
| WMT Walmart Inc. | Reduce -2.0% | 0.58% | −0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -3.6% | 0.23% | −0.01 |
| ITW Illinois Tool Works | Reduce -2.0% | 0.09% | −0.01 |
| HUM Humana Inc. | Reduce -72.4% | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -1.0% | 0.12% | −0.01 |
| ACN Accenture PLC Class A | Reduce -1.7% | 0.06% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -0.1% | 0.15% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -27.6% | 0.02% | −0.01 |
| LIN Linde PLC | Reduce -0.1% | 0.09% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 0.76% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -30.4% | 0.02% | −0.01 |
| ETW Eaton Vance T/M GLBL Buy-WR | Sold out | 0.00% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -0.1% | 0.06% | −0.01 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.3% | 0.09% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.1% | 0.19% | −0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -0.0% | 0.28% | −0.01 |
| EA SERIES TRUST | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.07% | −0.01 |
| HON Honeywell International Inc. | Reduce -2.5% | 0.18% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.5% | 0.10% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +2.1% | 1.32% | +0.33 |
| DFIC Dimensional International Co. | Add +6.5% | 5.09% | +0.31 |
| DFAC Dimensional US Core Equity 2 | Add +5.5% | 10.89% | +0.27 |
| AVGO Broadcom Inc. | Add +0.1% | 0.74% | +0.24 |
| DFUS Dimensional US Eq MKT ETF | Add +6.6% | 3.26% | +0.17 |
| NKE Nike Inc. Class B | Add +172.2% | 0.15% | +0.10 |
| IBTF iShares Ibonds Dec 2025 Term | Add +32.9% | 0.56% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 0.73% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +73.4% | 0.16% | +0.06 |
| DGRO iShares Core Dividend Growth | Add +21.4% | 0.55% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.0% | 0.68% | +0.05 |
| BSSX Invesco Bulletshares 2033 MB | Add +1124.3% | 0.05% | +0.05 |
| DFAI Dimensional International Co. | Add +469.8% | 0.06% | +0.05 |
| BSMW Invesco Bulletshares 2032 MB | Add +323.6% | 0.06% | +0.04 |
| IBMN iShares Ibonds Dec 2025 Term | Add +228.5% | 0.06% | +0.04 |
| AMD Advanced Micro Devices | Add +54.4% | 0.08% | +0.04 |
| BSMV Invesco Bulletshares 2031 MB | Add +145.1% | 0.06% | +0.03 |
| NOW ServiceNow Inc. | Add +2.1% | 0.22% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.3% | 0.50% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +16.5% | 0.19% | +0.03 |
| WFC Wells Fargo & Co. | Add +111.3% | 0.05% | +0.03 |
| ENB Enbridge Inc. | Add +1957.8% | 0.03% | +0.03 |
| EBAY eBay Inc. | Add +50.6% | 0.08% | +0.03 |
| BLK BlackRock Inc. | Add +35.0% | 0.11% | +0.03 |
| BSMY Invesco Bulletshares 2034 MB | Add +11044.7% | 0.03% | +0.03 |
| ETR Entergy Corp. | Add +901.6% | 0.03% | +0.03 |
| CI The Cigna Group | Add +94.5% | 0.06% | +0.03 |
| BSMU Invesco Bulletshares 2030 MB | Add +54.8% | 0.09% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +23.3% | 0.15% | +0.03 |
| PM Philip Morris International | Add +640.2% | 0.03% | +0.03 |
| LAMR Lamar Advertising Co. Class A | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.9% | 0.36% | +0.02 |
| ETN Eaton Corp. PLC | Add +2.2% | 0.14% | +0.02 |
| DFEV Dimensional Emrg MRKT Val | Add +1.2% | 5.57% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +8.9% | 0.17% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 0.33% | +0.02 |
| CAT Caterpillar Inc. | Add +0.4% | 0.39% | +0.02 |
| BDX Becton Dickinson and Co. | Add +789.0% | 0.02% | +0.02 |
| MU Micron Technology Inc. | Add +18.1% | 0.06% | +0.02 |
| TGT Target Corp. | Add +226.1% | 0.03% | +0.02 |
| GSK GSK PLC-Spon ADR | Add +3512.8% | 0.02% | +0.02 |
| AMT American Tower Corp. | Add +850.3% | 0.02% | +0.02 |
| INTU Intuit Inc. | Add +3.3% | 0.12% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +7.0% | 0.15% | +0.02 |
| LYG Lloyds Banking Group PLC-ADR | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +13.5% | 0.07% | +0.02 |
| MDT Medtronic PLC | Add +238.3% | 0.03% | +0.02 |
| GPC Genuine Parts Co. | Add +2230.0% | 0.02% | +0.02 |
| OMC Omnicom Group | Add +5445.4% | 0.02% | +0.02 |
| BSJT Invesco Bulletshares 2029 HY | New | 0.02% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 4 | $494 |
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 | 1,238 | $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 |