Burton Enright Welch

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed March 9, 2026), Burton Enright Welch reported 92 stock positions worth $433.8 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 23.6% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 8.3%) and Avantis Intl S/C Value ETF (AVDV, 7.9%). Compared with Q1 2024, it opened 9 new positions, sold out of 6, added to 26 and reduced 36. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +46%) and the biggest sale Dimensional US Real Est ETF (DFAR, shares −0%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0002105919
Portfolio Value
$433.8M (Q2 2024)
SEC Filing
0002105919-26-000013 ↗ filed Mar 9, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $415.7M Q1 2024 Q2 2024: $433.8M $433.8M Q2 2024 Q3 2024: $466.2M Q3 2024 Q4 2024: $476.2M Q4 2024 Q1 2025: $491.8M Q1 2025 Q2 2025: $576.7M Q2 2025 Q3 2025: $662.4M Q3 2025 Q4 2025: $710.5M Q4 2025 Q1 2026: $735.5M Q1 2026 Q2 2026: $851.5M Q2 2026

Holdings 92 stocks · $433.8M
DFAC Dimensional US Core Equity 2 23.58% 3,173,237 $102.3M Add +2.6%
AVUV Avantis US Small Cap Value 8.31% 401,758 $36.0M Add +0.5%
AVDV Avantis Intl S/C Value ETF 7.94% 530,274 $34.4M Add +2.1%
DUHP Dimensional US High Profi Et 6.98% 946,024 $30.3M Add +0.9%
DFEM Dimensional Emrg MRKT Core 5.71% 926,138 $24.8M Add +5.6%
DFIC Dimensional International Co. 5.07% 835,985 $22.0M Add +5.9%
AVUS Avantis U.S. Equity ETF 4.63% 222,859 $20.1M Add +1.9%
CVX Chevron Corp. 3.02% 83,710 $13.1M No change
DFAR Dimensional US Real Est ETF 2.80% 550,528 $12.2M Reduce -0.3%
AVDE Avantis International Equity 2.76% 192,087 $12.0M Add +0.5%
AVEM Avantis Emerging Markets Eq 2.68% 190,012 $11.6M Add +4.7%
VTIP Vanguard Short-Term Tips 2.49% 222,947 $10.8M Add +46.2%
MCK McKesson Corp. 1.98% 14,719 $8.6M No change
AAPL Apple Inc. 1.53% 31,461 $6.6M Add +0.0%
VGK Vanguard Ftse Europe ETF 1.52% 98,601 $6.6M Reduce -1.0%
VCRB Vanguard Core Bond ETF 1.28% 73,206 $5.6M Add +58.2%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.23% 207,927 $5.3M Add +34.8%
LECO Lincoln Electric Holdings 1.01% 23,262 $4.4M No change
AMZN Amazon.com Inc. 0.93% 20,856 $4.0M Reduce -0.3%
LLY Eli Lilly & Co. 0.76% 3,629 $3.3M Reduce -26.0%
DFAE Dimensional Emerging Core Eq 0.70% 118,138 $3.1M Reduce -0.4%
MSFT Microsoft Corp. 0.68% 6,642 $3.0M Reduce -3.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.67% 72,586 $2.9M Reduce -0.8%
DFGR Dim Global Real Estate ETF 0.60% 104,991 $2.6M Add +13.9%
JQUA JPMorgan US Quality Factor 0.56% 45,818 $2.4M Add +2.8%
NVDA Nvidia Corp. 0.50% 17,412 $2.2M Reduce -0.2%
IEUR iShares Core MSCI Europe ETF 0.46% 35,202 $2.0M Reduce -0.6%
VTES Vanguard SH Term Tax-Ex Bond 0.46% 19,928 $2.0M Add +27.0%
DFAI Dimensional International Co. 0.40% 59,134 $1.8M Reduce -0.3%
VNQ Vanguard Real Estate ETF 0.38% 19,487 $1.6M Reduce -2.3%
FLIC First of Long Island Corp. filed as FIRST LONG IS CORP 0.37% 160,449 $1.6M Reduce -0.0%
DFAU Dimensional US Core Equity M 0.34% 39,497 $1.5M Reduce -1.6%
DFSV Dimensional US Small Cap Val 0.31% 46,528 $1.3M Add +36.4%
COST Costco Wholesale Corp. 0.28% 1,443 $1.2M Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.28% 6,690 $1.2M Reduce -2.9%
GOOG Alphabet Inc. Class C 0.26% 6,241 $1.1M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 2,585 $1.1M Add +1.4%
V Visa Inc. Class A 0.24% 3,920 $1.0M No change
CDNS Cadence Design SYS Inc. 0.23% 3,265 $1.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 1,830 $996K No change
META Meta Platforms Inc. Class A 0.22% 1,909 $963K Reduce -1.0%
BND Vanguard Total Bond Market 0.22% 13,288 $957K Reduce -11.5%
DISV Dimensional International SM 0.21% 33,808 $910K Add +8.0%
WSM Williams-Sonoma Inc. 0.19% 2,937 $829K Reduce -9.8%
SCHB Schwab US Broad Market ETF 0.18% 12,696 $798K Reduce -1.6%
DFCA Dimensional Calfornia MB ETF 0.18% 15,312 $767K Add +279.4%
IVV iShares Core S&P 500 ETF 0.16% 1,235 $676K Reduce -0.1%
ADP Automatic Data Processing 0.16% 2,821 $673K No change
ORCL Oracle Corp. 0.15% 4,485 $633K No change
IWF iShares Russell 1000 Growth 0.15% 1,733 $632K No change
AVSU Avantis Resp US Equity ETF 0.14% 10,032 $619K New
PEP Pepsico Inc. 0.14% 3,593 $593K Reduce -2.1%
DFNM Dimensional National Muni BD 0.13% 12,234 $584K Add +0.4%
HD Home Depot Inc. 0.13% 1,685 $580K No change
CGSM Cap Group Short Muni Income 0.13% 22,338 $575K New
VTI VG Morningstar TS MKT ETF-US 0.13% 2,093 $560K Reduce -0.4%
EXPD Expeditors Intl Wash Inc. 0.13% 4,404 $550K No change
VEA Vanguard Ftse Developed ETF 0.12% 10,766 $532K Reduce -3.3%
CGMU Cap Group Municipal Income 0.12% 19,596 $526K Add +42.6%
SYK Stryker Corp. 0.12% 1,528 $520K No change
CAT Caterpillar Inc. 0.12% 1,535 $511K No change
TSLA Tesla Inc. 0.11% 2,388 $473K Add +3.1%
INTC Intel Corp. 0.11% 15,191 $470K Reduce -7.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 4,629 $460K Reduce -5.1%
VUSB Vanguard Ultra Short Bond Et 0.10% 9,058 $449K Add +1.0%
JNJ Johnson & Johnson 0.10% 2,936 $429K Reduce -7.7%
PG The Procter & Gamble Co. 0.10% 2,567 $423K Reduce -0.4%
AMLP Alerian MLP ETF 0.10% 8,782 $421K New
JPM JPMorgan Chase & Co. 0.09% 2,000 $405K Reduce -4.1%
IWD iShares Russell 1000 Value E 0.09% 2,306 $402K No change
DFCF Dimensional Core Fixed Inc. 0.09% 9,436 $392K Add +12.9%
CBZ Cbiz Inc. 0.09% 5,284 $392K No change
WFC Wells Fargo & Co. 0.08% 5,996 $356K Reduce -2.5%
TLT iShares 20+ Year Treasury BD 0.08% 3,771 $346K New
DXJ Wisdomtree Japan Hedged Eq 0.08% 2,999 $338K New
XOM Exxon Mobil Corp. 0.08% 2,912 $335K Reduce -12.3%
MCD McDonald's Corp. 0.08% 1,280 $326K Reduce -3.5%
RWM Proshares Short RUSSELL2000 0.07% 15,560 $324K New
BA The Boeing Co. 0.07% 1,685 $307K Reduce -0.2%
BMRN Biomarin Pharmaceutical Inc. 0.07% 3,724 $307K No change
GLD SPDR Gold Shares 0.07% 1,328 $286K New
AXP American Express Co. 0.06% 1,162 $269K Reduce -8.4%
ISRG Intuitive Surgical Inc. 0.06% 587 $261K No change
DFIS Dimensional International SM 0.06% 10,332 $254K No change
PHYS Sprott Physical Gold Trust 0.06% 14,071 $254K No change
VT Vanguard Tot World STK ETF 0.06% 2,181 $246K Reduce -5.8%
BSV Vanguard Short-Term Bond ETF 0.06% 3,184 $244K Add +0.4%
QQQ Invesco QQQ Trust Series 1 0.06% 501 $240K No change
VPLS Vanguard Core-Plus Bond ETF 0.05% 2,970 $226K New
SCHA Schwab US Small-Cap ETF 0.05% 4,634 $220K No change
AVSE Avantis Resp Emerg MKTS Eq-E 0.05% 4,204 $218K New
MRK Merck & Co. Inc. 0.05% 1,629 $202K Reduce -7.4%

Portfolio Sells Q1 2024 → Q2 2024
DFAR Dimensional US Real Est ETF Reduce -0.3% 2.80% −0.17
LLY Eli Lilly & Co. Reduce -26.0% 0.76% −0.16
VGK Vanguard Ftse Europe ETF Reduce -1.0% 1.52% −0.10
INTC Intel Corp. Reduce -7.7% 0.11% −0.07
FLIC First of Long Island Corp. Reduce -0.0% 0.37% −0.06
WSM Williams-Sonoma Inc. Reduce -9.8% 0.19% −0.06
T AT&T Inc. Sold out 0.00% −0.06
NKE Nike Inc. Class B Sold out 0.00% −0.05
DOCU Docusign Inc. Sold out 0.00% −0.05
GE General Electric Sold out 0.00% −0.05
CSCO Cisco Systems Inc. Sold out 0.00% −0.05
ABBV Abbvie Inc. Sold out 0.00% −0.05
BND Vanguard Total Bond Market Reduce -11.5% 0.22% −0.04
VNQ Vanguard Real Estate ETF Reduce -2.3% 0.38% −0.04
DIS The Walt Disney Co. Reduce -5.1% 0.11% −0.04
IEUR iShares Core MSCI Europe ETF Reduce -0.6% 0.46% −0.03
DFAI Dimensional International Co. Reduce -0.3% 0.40% −0.03
JNJ Johnson & Johnson Reduce -7.7% 0.10% −0.02
PEP Pepsico Inc. Reduce -2.1% 0.14% −0.02
XOM Exxon Mobil Corp. Reduce -12.3% 0.08% −0.02
MCD McDonald's Corp. Reduce -3.5% 0.08% −0.01
MSFT Microsoft Corp. Reduce -3.7% 0.68% −0.01
VEA Vanguard Ftse Developed ETF Reduce -3.3% 0.12% −0.01
DFAU Dimensional US Core Equity M Reduce -1.6% 0.34% −0.01
MRK Merck & Co. Inc. Reduce -7.4% 0.05% −0.01
BA The Boeing Co. Reduce -0.2% 0.07% −0.01
AXP American Express Co. Reduce -8.4% 0.06% −0.01
JPM JPMorgan Chase & Co. Reduce -4.1% 0.09% −0.01
SCHB Schwab US Broad Market ETF Reduce -1.6% 0.18% −0.01
VT Vanguard Tot World STK ETF Reduce -5.8% 0.06% −0.01
WFC Wells Fargo & Co. Reduce -2.5% 0.08% −0.00
META Meta Platforms Inc. Class A Reduce -1.0% 0.22% −0.00
PG The Procter & Gamble Co. Reduce -0.4% 0.10% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.4% 0.13% −0.00
BAC Bank of America Corp. Reduce -0.8% 0.67% −0.00
DFAE Dimensional Emerging Core Eq Reduce -0.4% 0.70% −0.00
IVV iShares Core S&P 500 ETF Reduce -0.1% 0.16% −0.00
AMZN Amazon.com Inc. Reduce -0.3% 0.93% +0.02
COST Costco Wholesale Corp. Reduce -0.4% 0.28% +0.03
GOOGL Alphabet Inc. Class A Reduce -2.9% 0.28% +0.03
GOOG Alphabet Inc. Class C Reduce -1.1% 0.26% +0.03
NVDA Nvidia Corp. Reduce -0.2% 0.50% +0.12

Portfolio Buys Q1 2024 → Q2 2024
VTIP Vanguard Short-Term Tips Add +46.2% 2.49% +0.74
VCRB Vanguard Core Bond ETF Add +58.2% 1.28% +0.43
DFEM Dimensional Emrg MRKT Core Add +5.6% 5.71% +0.33
CGXU Cap Group Intl Focus Add +34.8% 1.23% +0.28
AAPL Apple Inc. Add +0.0% 1.53% +0.23
AVEM Avantis Emerging Markets Eq Add +4.7% 2.68% +0.14
AVSU Avantis Resp US Equity ETF New 0.14% +0.14
CGSM Cap Group Short Muni Income New 0.13% +0.13
DFCA Dimensional Calfornia MB ETF Add +279.4% 0.18% +0.13
AMLP Alerian MLP ETF New 0.10% +0.10
TLT iShares 20+ Year Treasury BD New 0.08% +0.08
VTES Vanguard SH Term Tax-Ex Bond Add +27.0% 0.46% +0.08
DXJ Wisdomtree Japan Hedged Eq New 0.08% +0.08
RWM Proshares Short RUSSELL2000 New 0.07% +0.07
GLD SPDR Gold Shares New 0.07% +0.07
DFSV Dimensional US Small Cap Val Add +36.4% 0.31% +0.06
VPLS Vanguard Core-Plus Bond ETF New 0.05% +0.05
AVSE Avantis Resp Emerg MKTS Eq-E New 0.05% +0.05
DFGR Dim Global Real Estate ETF Add +13.9% 0.60% +0.04
CGMU Cap Group Municipal Income Add +42.6% 0.12% +0.03
TSLA Tesla Inc. Add +3.1% 0.11% +0.01
DFCF Dimensional Core Fixed Inc. Add +12.9% 0.09% +0.01
DISV Dimensional International SM Add +8.0% 0.21% +0.01
BSV Vanguard Short-Term Bond ETF Add +0.4% 0.06% −0.00
VUSB Vanguard Ultra Short Bond Et Add +1.0% 0.10% −0.00
DFNM Dimensional National Muni BD Add +0.4% 0.13% −0.01
JQUA JPMorgan US Quality Factor Add +2.8% 0.56% −0.01
DFIC Dimensional International Co. Add +5.9% 5.07% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 0.24% −0.02
AVUS Avantis U.S. Equity ETF Add +1.9% 4.63% −0.08
DUHP Dimensional US High Profi Et Add +0.9% 6.98% −0.15
AVDE Avantis International Equity Add +0.5% 2.76% −0.17
DFAC Dimensional US Core Equity 2 Add +2.6% 23.58% −0.20
AVDV Avantis Intl S/C Value ETF Add +2.1% 7.94% −0.29
AVUV Avantis US Small Cap Value Add +0.5% 8.31% −0.70

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 136$851.5MDFAC, AVUV, AVDV, BNDX, DUHP
Q1 2026 134$735.5MDFAC, AVDV, AVUV, BNDX, DUHP
Q4 2025 128$710.5MDFAC, AVDV, AVUV, BNDX, DUHP
Q3 2025 130$662.4MDFAC, AVDV, AVUV, BNDX, DUHP
Q2 2025 123$576.7MDFAC, AVDV, AVUV, DUHP, DFIC
Q1 2025 104$491.8MDFAC, AVDV, AVUV, DUHP, DFEM
Q4 2024 98$476.2MDFAC, AVUV, AVDV, DUHP, DFEM
Q3 2024 93$466.2MDFAC, AVUV, AVDV, DUHP, DFEM
Q2 2024 92$433.8MDFAC, AVUV, AVDV, DUHP, DFEM
Q1 2024 89$415.7MDFAC, AVUV, AVDV, DUHP, DFEM