Burton Enright Welch

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed March 9, 2026), Burton Enright Welch reported 93 stock positions worth $466.2 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 23.4% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 8.3%) and Avantis Intl S/C Value ETF (AVDV, 8.0%). Compared with Q2 2024, it opened 8 new positions, sold out of 7, added to 25 and reduced 34. The biggest buy was Vanguard Core Bond ETF (VCRB, shares +54%) and the biggest sale McKesson (MCK, shares −0%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0002105919
Portfolio Value
$466.2M (Q3 2024)
SEC Filing
0002105919-26-000014 ↗ 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 Q2 2024 Q3 2024: $466.2M $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 93 stocks · $466.2M
DFAC Dimensional US Core Equity 2 23.43% 3,185,344 $109.2M Add +0.4%
AVUV Avantis US Small Cap Value 8.29% 403,009 $38.7M Add +0.3%
AVDV Avantis Intl S/C Value ETF 8.01% 528,319 $37.3M Reduce -0.4%
DUHP Dimensional US High Profi Et 6.83% 935,215 $31.9M Reduce -1.1%
DFEM Dimensional Emrg MRKT Core 5.95% 985,491 $27.7M Add +6.4%
DFIC Dimensional International Co. 5.23% 866,571 $24.4M Add +3.7%
AVUS Avantis U.S. Equity ETF 4.59% 224,860 $21.4M Add +0.9%
DFAR Dimensional US Real Est ETF 3.04% 552,669 $14.2M Add +0.4%
AVDE Avantis International Equity 2.78% 193,044 $12.9M Add +0.5%
AVEM Avantis Emerging Markets Eq 2.67% 192,827 $12.5M Add +1.5%
CVX Chevron Corp. 2.64% 83,659 $12.3M Reduce -0.1%
VTIP Vanguard Short-Term Tips 2.50% 236,711 $11.7M Add +6.2%
VCRB Vanguard Core Bond ETF 1.92% 112,981 $8.9M Add +54.3%
AAPL Apple Inc. 1.57% 31,401 $7.3M Reduce -0.2%
MCK McKesson Corp. 1.56% 14,695 $7.3M Reduce -0.2%
VGK Vanguard Ftse Europe ETF 1.49% 97,635 $6.9M Reduce -1.0%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.15% 199,487 $5.4M Reduce -4.1%
LECO Lincoln Electric Holdings 0.96% 23,262 $4.5M No change
AMZN Amazon.com Inc. 0.84% 20,897 $3.9M Add +0.2%
JQUA JPMorgan US Quality Factor 0.70% 58,056 $3.3M Add +26.7%
DFAE Dimensional Emerging Core Eq 0.69% 117,789 $3.2M Reduce -0.3%
LLY Eli Lilly & Co. 0.69% 3,629 $3.2M No change
DFGR Dim Global Real Estate ETF 0.67% 107,974 $3.1M Add +2.8%
MSFT Microsoft Corp. 0.61% 6,613 $2.8M Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.60% 70,641 $2.8M Reduce -2.7%
VTES Vanguard SH Term Tax-Ex Bond 0.53% 24,233 $2.5M Add +21.6%
IEUR iShares Core MSCI Europe ETF 0.45% 34,353 $2.1M Reduce -2.4%
FLIC First of Long Island Corp. filed as FIRST LONG IS CORP 0.44% 160,449 $2.1M No change
NVDA Nvidia Corp. 0.44% 16,927 $2.1M Reduce -2.8%
DFAI Dimensional International Co. 0.40% 59,136 $1.9M Add +0.0%
VNQ Vanguard Real Estate ETF 0.40% 19,128 $1.9M Reduce -1.8%
DFSV Dimensional US Small Cap Val 0.35% 52,248 $1.6M Add +12.3%
DFAU Dimensional US Core Equity M 0.32% 37,350 $1.5M Reduce -5.4%
DFCA Dimensional Calfornia MB ETF 0.28% 25,790 $1.3M Add +68.4%
COST Costco Wholesale Corp. 0.27% 1,443 $1.3M No change
DISV Dimensional International SM 0.27% 43,751 $1.3M Add +29.4%
BRK.B Berkshire Hathaway Inc. Class B 0.26% 2,585 $1.2M No change
GOOGL Alphabet Inc. Class A 0.24% 6,681 $1.1M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 1,911 $1.1M Add +4.4%
META Meta Platforms Inc. Class A 0.23% 1,909 $1.1M No change
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.23% 35,230 $1.1M New
GOOG Alphabet Inc. Class C 0.22% 6,226 $1.0M Reduce -0.2%
V Visa Inc. Class A 0.22% 3,754 $1.0M Reduce -4.2%
CDNS Cadence Design SYS Inc. 0.19% 3,265 $885K No change
BND Vanguard Total Bond Market 0.18% 11,247 $845K Reduce -15.4%
SCHB Schwab US Broad Market ETF 0.18% 12,409 $825K Reduce -2.3%
ADP Automatic Data Processing 0.16% 2,716 $752K Reduce -3.7%
ORCL Oracle Corp. 0.16% 4,399 $750K Reduce -1.9%
WSM Williams-Sonoma Inc. 0.16% 4,744 $735K Reduce -19.2%
IVV iShares Core S&P 500 ETF 0.15% 1,235 $712K No change
HD Home Depot Inc. 0.15% 1,686 $683K Add +0.1%
AVSU Avantis Resp US Equity ETF 0.14% 10,032 $655K No change
IWF iShares Russell 1000 Growth 0.14% 1,733 $651K No change
TSLA Tesla Inc. 0.13% 2,398 $627K Add +0.4%
CGSM Cap Group Short Muni Income 0.13% 22,592 $593K Add +1.1%
PEP Pepsico Inc. 0.12% 3,413 $580K Reduce -5.0%
VTI VG Morningstar TS MKT ETF-US 0.12% 2,047 $580K Reduce -2.2%
EXPD Expeditors Intl Wash Inc. 0.12% 4,404 $579K No change
DFNM Dimensional National Muni BD 0.12% 11,740 $570K Reduce -4.0%
VEA Vanguard Ftse Developed ETF 0.12% 10,666 $563K Reduce -0.9%
SYK Stryker Corp. 0.12% 1,528 $552K No change
CGMU Cap Group Municipal Income 0.11% 19,053 $523K Reduce -2.8%
CAT Caterpillar Inc. 0.11% 1,335 $522K Reduce -13.0%
JNJ Johnson & Johnson 0.10% 2,936 $476K No change
PG The Procter & Gamble Co. 0.10% 2,567 $445K No change
IWD iShares Russell 1000 Value E 0.09% 2,306 $438K No change
JPM JPMorgan Chase & Co. 0.09% 2,000 $422K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 4,343 $418K Reduce -6.2%
MCD McDonald's Corp. 0.09% 1,317 $401K Add +2.9%
DFCF Dimensional Core Fixed Inc. 0.09% 9,246 $399K Reduce -2.0%
CBZ Cbiz Inc. 0.08% 5,284 $356K No change
XOM Exxon Mobil Corp. 0.07% 2,911 $341K Reduce -0.0%
WFC Wells Fargo & Co. 0.07% 5,996 $339K No change
INTC Intel Corp. 0.07% 14,130 $331K Reduce -7.0%
VUSB Vanguard Ultra Short Bond Et 0.07% 6,359 $318K Reduce -29.8%
AXP American Express Co. 0.07% 1,162 $315K No change
VT Vanguard Tot World STK ETF 0.07% 2,617 $313K Add +20.0%
ISRG Intuitive Surgical Inc. 0.06% 587 $288K No change
PHYS Sprott Physical Gold Trust 0.06% 14,071 $287K No change
DFIS Dimensional International SM 0.06% 10,332 $277K No change
BMRN Biomarin Pharmaceutical Inc. 0.06% 3,685 $259K Reduce -1.1%
BA The Boeing Co. 0.05% 1,685 $256K No change
QQQ Invesco QQQ Trust Series 1 0.05% 501 $245K No change
VTEC Vanguard Ca Tax-Ex Bond 0.05% 2,396 $243K New
VPLS Vanguard Core-Plus Bond ETF 0.05% 3,022 $240K Add +1.8%
SCHA Schwab US Small-Cap ETF 0.05% 4,634 $239K No change
AVSE Avantis Resp Emerg MKTS Eq-E 0.05% 4,204 $233K No change
ABBV Abbvie Inc. 0.05% 1,146 $226K New
GE General Electric filed as GE AEROSPACE 0.05% 1,175 $222K New
DOCU Docusign Inc. 0.05% 3,499 $217K New
LMT Lockheed Martin Corp. 0.05% 368 $215K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 950 $210K New
CSCO Cisco Systems Inc. 0.04% 3,929 $209K New

Portfolio Sells Q2 2024 → Q3 2024
MCK McKesson Corp. Reduce -0.2% 1.56% −0.42
CVX Chevron Corp. Reduce -0.1% 2.64% −0.38
DUHP Dimensional US High Profi Et Reduce -1.1% 6.83% −0.14
AMLP Alerian MLP ETF Sold out 0.00% −0.10
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.08
CGXU Cap Group Intl Focus Reduce -4.1% 1.15% −0.08
DXJ Wisdomtree Japan Hedged Eq Sold out 0.00% −0.08
RWM Proshares Short RUSSELL2000 Sold out 0.00% −0.07
MSFT Microsoft Corp. Reduce -0.4% 0.61% −0.07
GLD SPDR Gold Shares Sold out 0.00% −0.07
BAC Bank of America Corp. Reduce -2.7% 0.60% −0.06
BSV Vanguard Short-Term Bond ETF Sold out 0.00% −0.06
NVDA Nvidia Corp. Reduce -2.8% 0.44% −0.05
MRK Merck & Co. Inc. Sold out 0.00% −0.05
GOOGL Alphabet Inc. Class A Reduce -0.1% 0.24% −0.04
GOOG Alphabet Inc. Class C Reduce -0.2% 0.22% −0.04
BND Vanguard Total Bond Market Reduce -15.4% 0.18% −0.04
INTC Intel Corp. Reduce -7.0% 0.07% −0.04
VUSB Vanguard Ultra Short Bond Et Reduce -29.8% 0.07% −0.04
WSM Williams-Sonoma Inc. Reduce -19.2% 0.16% −0.03
VGK Vanguard Ftse Europe ETF Reduce -1.0% 1.49% −0.03
DFAU Dimensional US Core Equity M Reduce -5.4% 0.32% −0.02
DIS The Walt Disney Co. Reduce -6.2% 0.09% −0.02
V Visa Inc. Class A Reduce -4.2% 0.22% −0.02
BMRN Biomarin Pharmaceutical Inc. Reduce -1.1% 0.06% −0.02
IEUR iShares Core MSCI Europe ETF Reduce -2.4% 0.45% −0.01
DFNM Dimensional National Muni BD Reduce -4.0% 0.12% −0.01
PEP Pepsico Inc. Reduce -5.0% 0.12% −0.01
DFAE Dimensional Emerging Core Eq Reduce -0.3% 0.69% −0.01
CGMU Cap Group Municipal Income Reduce -2.8% 0.11% −0.01
SCHB Schwab US Broad Market ETF Reduce -2.3% 0.18% −0.01
CAT Caterpillar Inc. Reduce -13.0% 0.11% −0.01
DFCF Dimensional Core Fixed Inc. Reduce -2.0% 0.09% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.2% 0.12% −0.00
XOM Exxon Mobil Corp. Reduce -0.0% 0.07% −0.00
VEA Vanguard Ftse Developed ETF Reduce -0.9% 0.12% −0.00
ADP Automatic Data Processing Reduce -3.7% 0.16% +0.01
ORCL Oracle Corp. Reduce -1.9% 0.16% +0.01
VNQ Vanguard Real Estate ETF Reduce -1.8% 0.40% +0.02
AAPL Apple Inc. Reduce -0.2% 1.57% +0.04
AVDV Avantis Intl S/C Value ETF Reduce -0.4% 8.01% +0.07

Portfolio Buys Q2 2024 → Q3 2024
VCRB Vanguard Core Bond ETF Add +54.3% 1.92% +0.64
DFEM Dimensional Emrg MRKT Core Add +6.4% 5.95% +0.24
DFAR Dimensional US Real Est ETF Add +0.4% 3.04% +0.23
CGIE Cap Group Intl Equity New 0.23% +0.23
DFIC Dimensional International Co. Add +3.7% 5.23% +0.16
JQUA JPMorgan US Quality Factor Add +26.7% 0.70% +0.15
DFCA Dimensional Calfornia MB ETF Add +68.4% 0.28% +0.10
VTES Vanguard SH Term Tax-Ex Bond Add +21.6% 0.53% +0.07
DFGR Dim Global Real Estate ETF Add +2.8% 0.67% +0.06
DISV Dimensional International SM Add +29.4% 0.27% +0.06
VTEC Vanguard Ca Tax-Ex Bond New 0.05% +0.05
ABBV Abbvie Inc. New 0.05% +0.05
GE General Electric New 0.05% +0.05
DOCU Docusign Inc. New 0.05% +0.05
LMT Lockheed Martin Corp. New 0.05% +0.05
IBM Intl Business Machines Corp. New 0.05% +0.05
CSCO Cisco Systems Inc. New 0.04% +0.04
DFSV Dimensional US Small Cap Val Add +12.3% 0.35% +0.04
TSLA Tesla Inc. Add +0.4% 0.13% +0.03
AVDE Avantis International Equity Add +0.5% 2.78% +0.02
HD Home Depot Inc. Add +0.1% 0.15% +0.01
MCD McDonald's Corp. Add +2.9% 0.09% +0.01
VT Vanguard Tot World STK ETF Add +20.0% 0.07% +0.01
VTIP Vanguard Short-Term Tips Add +6.2% 2.50% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +4.4% 0.24% +0.01
VPLS Vanguard Core-Plus Bond ETF Add +1.8% 0.05% −0.00
DFAI Dimensional International Co. Add +0.0% 0.40% −0.00
AVEM Avantis Emerging Markets Eq Add +1.5% 2.67% −0.00
CGSM Cap Group Short Muni Income Add +1.1% 0.13% −0.01
AVUV Avantis US Small Cap Value Add +0.3% 8.29% −0.01
AVUS Avantis U.S. Equity ETF Add +0.9% 4.59% −0.04
AMZN Amazon.com Inc. Add +0.2% 0.84% −0.09
DFAC Dimensional US Core Equity 2 Add +0.4% 23.43% −0.15

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