Burton Enright Welch

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed March 9, 2026), Burton Enright Welch reported 98 stock positions worth $476.2 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 23.5% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 8.2%) and Avantis Intl S/C Value ETF (AVDV, 7.4%). Compared with Q3 2024, it opened 6 new positions, sold out of 1, added to 53 and reduced 25. The biggest buy was Vanguard Core Bond ETF (VCRB, shares +31%) and the biggest sale Vanguard Ftse Europe ETF (VGK, shares −1%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0002105919
Portfolio Value
$476.2M (Q4 2024)
SEC Filing
0002105919-26-000015 ↗ 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 Q3 2024 Q4 2024: $476.2M $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 98 stocks · $476.2M
DFAC Dimensional US Core Equity 2 23.51% 3,236,763 $112.0M Add +1.6%
AVUV Avantis US Small Cap Value 8.17% 402,989 $38.9M Reduce 0.0%
AVDV Avantis Intl S/C Value ETF 7.43% 543,606 $35.4M Add +2.9%
DUHP Dimensional US High Profi Et 6.65% 937,612 $31.7M Add +0.3%
DFEM Dimensional Emrg MRKT Core 5.83% 1,060,877 $27.8M Add +7.7%
DFIC Dimensional International Co. 5.09% 938,393 $24.3M Add +8.3%
AVUS Avantis U.S. Equity ETF 4.85% 238,249 $23.1M Add +6.0%
DFAR Dimensional US Real Est ETF 2.76% 565,040 $13.1M Add +2.2%
VTIP Vanguard Short-Term Tips 2.68% 263,253 $12.7M Add +11.2%
AVDE Avantis International Equity 2.60% 201,702 $12.4M Add +4.5%
CVX Chevron Corp. 2.52% 83,020 $12.0M Reduce -0.8%
AVEM Avantis Emerging Markets Eq 2.47% 200,236 $11.8M Add +3.8%
VCRB Vanguard Core Bond ETF 2.35% 147,447 $11.2M Add +30.5%
MCK McKesson Corp. 1.71% 14,276 $8.1M Reduce -2.9%
AAPL Apple Inc. 1.64% 31,195 $7.8M Reduce -0.7%
VGK Vanguard Ftse Europe ETF 1.29% 97,052 $6.2M Reduce -0.6%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.23% 236,590 $5.8M Add +18.6%
AMZN Amazon.com Inc. 0.97% 21,083 $4.6M Add +0.9%
LECO Lincoln Electric Holdings 0.92% 23,262 $4.4M No change
VTES Vanguard SH Term Tax-Ex Bond 0.70% 33,118 $3.3M Add +36.7%
JQUA JPMorgan US Quality Factor 0.69% 57,648 $3.3M Reduce -0.7%
DFAE Dimensional Emerging Core Eq 0.63% 118,936 $3.0M Add +1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.63% 68,170 $3.0M Reduce -3.5%
LLY Eli Lilly & Co. 0.59% 3,632 $2.8M Add +0.1%
MSFT Microsoft Corp. 0.59% 6,642 $2.8M Add +0.4%
DFGR Dim Global Real Estate ETF 0.58% 108,753 $2.8M Add +0.7%
NVDA Nvidia Corp. 0.46% 16,299 $2.2M Reduce -3.7%
FLIC First of Long Island Corp. filed as FIRST LONG IS CORP 0.39% 160,449 $1.9M No change
DFSV Dimensional US Small Cap Val 0.39% 60,799 $1.9M Add +16.4%
IEUR iShares Core MSCI Europe ETF 0.39% 34,353 $1.9M No change
DFAI Dimensional International Co. 0.36% 59,137 $1.7M Add +0.0%
VNQ Vanguard Real Estate ETF 0.35% 18,784 $1.7M Reduce -1.8%
DFSU Dimensional US Sus CORE1 ETF 0.34% 42,248 $1.6M New
DFAU Dimensional US Core Equity M 0.32% 37,302 $1.5M Reduce -0.1%
DISV Dimensional International SM 0.29% 51,950 $1.4M Add +18.7%
GOOG Alphabet Inc. Class C 0.28% 6,895 $1.3M Add +10.8%
COST Costco Wholesale Corp. 0.27% 1,392 $1.3M Reduce -3.5%
GOOGL Alphabet Inc. Class A 0.27% 6,706 $1.3M Add +0.4%
BND Vanguard Total Bond Market 0.26% 16,930 $1.2M Add +50.5%
V Visa Inc. Class A 0.25% 3,777 $1.2M Add +0.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 1,931 $1.1M Add +1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 2,487 $1.1M Reduce -3.8%
META Meta Platforms Inc. Class A 0.23% 1,866 $1.1M Reduce -2.3%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.22% 37,463 $1.0M Add +6.3%
TSLA Tesla Inc. 0.21% 2,428 $981K Add +1.3%
DFSE Dimensional Em Sus CORE1 ETF 0.20% 28,647 $949K New
DFCA Dimensional Calfornia MB ETF 0.19% 18,527 $927K Reduce -28.2%
WSM Williams-Sonoma Inc. 0.18% 4,744 $878K No change
CDNS Cadence Design SYS Inc. 0.18% 2,888 $868K Reduce -11.6%
IVV iShares Core S&P 500 ETF 0.18% 1,463 $861K Add +18.5%
SCHB Schwab US Broad Market ETF 0.18% 37,912 $861K Add +1.8%
VPLS Vanguard Core-Plus Bond ETF 0.17% 10,746 $817K Add +255.6%
ADP Automatic Data Processing 0.17% 2,701 $791K Reduce -0.6%
ORCL Oracle Corp. 0.15% 4,398 $733K Reduce -0.0%
IWF iShares Russell 1000 Growth 0.15% 1,733 $696K No change
AVSU Avantis Resp US Equity ETF 0.14% 10,032 $663K No change
HD Home Depot Inc. 0.14% 1,686 $656K No change
CGSM Cap Group Short Muni Income 0.13% 23,889 $620K Add +5.7%
CGMU Cap Group Municipal Income 0.12% 21,630 $582K Add +13.5%
VTEC Vanguard Ca Tax-Ex Bond 0.12% 5,581 $556K Add +132.9%
DFNM Dimensional National Muni BD 0.11% 11,291 $539K Reduce -3.8%
SYK Stryker Corp. 0.11% 1,478 $532K Reduce -3.3%
PEP Pepsico Inc. 0.11% 3,412 $519K Reduce -0.0%
IWD iShares Russell 1000 Value E 0.11% 2,801 $519K Add +21.5%
VEA Vanguard Ftse Developed ETF 0.11% 10,725 $513K Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 4,404 $490K Add +1.4%
EXPD Expeditors Intl Wash Inc. 0.10% 4,404 $488K No change
CAT Caterpillar Inc. 0.10% 1,335 $484K No change
JPM JPMorgan Chase & Co. 0.10% 2,013 $483K Add +0.7%
VTI VG Morningstar TS MKT ETF-US 0.10% 1,616 $468K Reduce -21.1%
PG The Procter & Gamble Co. 0.09% 2,572 $431K Add +0.2%
WFC Wells Fargo & Co. 0.09% 6,058 $426K Add +1.0%
JNJ Johnson & Johnson 0.09% 2,941 $425K Add +0.2%
CBZ Cbiz Inc. 0.08% 4,771 $390K Reduce -9.7%
MCD McDonald's Corp. 0.08% 1,317 $382K No change
AXP American Express Co. 0.07% 1,163 $345K Add +0.1%
VT Vanguard Tot World STK ETF 0.07% 2,802 $329K Add +7.1%
VUSB Vanguard Ultra Short Bond Et 0.07% 6,519 $323K Add +2.5%
XOM Exxon Mobil Corp. 0.07% 2,960 $318K Add +1.7%
DOCU Docusign Inc. 0.07% 3,500 $315K Add +0.0%
DFCF Dimensional Core Fixed Inc. 0.07% 7,504 $310K Reduce -18.8%
ISRG Intuitive Surgical Inc. 0.06% 587 $306K No change
BA The Boeing Co. 0.06% 1,693 $300K Add +0.5%
PHYS Sprott Physical Gold Trust 0.06% 14,071 $283K No change
SCHA Schwab US Small-Cap ETF 0.06% 10,656 $276K Add +15.0%
INTC Intel Corp. 0.06% 13,591 $272K Reduce -3.8%
DFIS Dimensional International SM 0.06% 10,971 $269K Add +6.2%
QQQ Invesco QQQ Trust Series 1 0.05% 501 $256K No change
BMRN Biomarin Pharmaceutical Inc. 0.05% 3,683 $242K Reduce -0.1%
DFSI Dimensional Int Sus COR1 ETF 0.05% 7,186 $236K New
CSCO Cisco Systems Inc. 0.05% 3,947 $234K Add +0.5%
VIG Vanguard Dividend Apprec ETF 0.05% 1,193 $234K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 1,050 $231K Add +10.5%
INTU Intuit Inc. 0.05% 361 $227K New
ABBV Abbvie Inc. 0.04% 1,196 $213K Add +4.4%
AVSE Avantis Resp Emerg MKTS Eq-E 0.04% 4,204 $212K No change
VGT Vanguard Info Tech ETF 0.04% 330 $206K New
GE General Electric filed as GE AEROSPACE 0.04% 1,205 $201K Add +2.5%

Portfolio Sells Q3 2024 → Q4 2024
VGK Vanguard Ftse Europe ETF Reduce -0.6% 1.29% −0.20
AVUV Avantis US Small Cap Value Reduce 0.0% 8.17% −0.13
CVX Chevron Corp. Reduce -0.8% 2.52% −0.12
DFCA Dimensional Calfornia MB ETF Reduce -28.2% 0.19% −0.09
VNQ Vanguard Real Estate ETF Reduce -1.8% 0.35% −0.05
LMT Lockheed Martin Corp. Sold out 0.00% −0.05
VTI VG Morningstar TS MKT ETF-US Reduce -21.1% 0.10% −0.03
DFCF Dimensional Core Fixed Inc. Reduce -18.8% 0.07% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.8% 0.24% −0.02
PEP Pepsico Inc. Reduce -0.0% 0.11% −0.02
INTC Intel Corp. Reduce -3.8% 0.06% −0.01
JQUA JPMorgan US Quality Factor Reduce -0.7% 0.69% −0.01
DFNM Dimensional National Muni BD Reduce -3.8% 0.11% −0.01
CDNS Cadence Design SYS Inc. Reduce -11.6% 0.18% −0.01
ORCL Oracle Corp. Reduce -0.0% 0.15% −0.01
SYK Stryker Corp. Reduce -3.3% 0.11% −0.01
COST Costco Wholesale Corp. Reduce -3.5% 0.27% −0.01
META Meta Platforms Inc. Class A Reduce -2.3% 0.23% −0.01
BMRN Biomarin Pharmaceutical Inc. Reduce -0.1% 0.05% −0.00
DFAU Dimensional US Core Equity M Reduce -0.1% 0.32% −0.00
ADP Automatic Data Processing Reduce -0.6% 0.17% +0.00
CBZ Cbiz Inc. Reduce -9.7% 0.08% +0.01
NVDA Nvidia Corp. Reduce -3.7% 0.46% +0.02
BAC Bank of America Corp. Reduce -3.5% 0.63% +0.03
AAPL Apple Inc. Reduce -0.7% 1.64% +0.07
MCK McKesson Corp. Reduce -2.9% 1.71% +0.15

Portfolio Buys Q3 2024 → Q4 2024
VCRB Vanguard Core Bond ETF Add +30.5% 2.35% +0.43
DFSU Dimensional US Sus CORE1 ETF New 0.34% +0.34
AVUS Avantis U.S. Equity ETF Add +6.0% 4.85% +0.26
DFSE Dimensional Em Sus CORE1 ETF New 0.20% +0.20
VTIP Vanguard Short-Term Tips Add +11.2% 2.68% +0.17
VTES Vanguard SH Term Tax-Ex Bond Add +36.7% 0.70% +0.17
AMZN Amazon.com Inc. Add +0.9% 0.97% +0.14
VPLS Vanguard Core-Plus Bond ETF Add +255.6% 0.17% +0.12
DFAC Dimensional US Core Equity 2 Add +1.6% 23.51% +0.08
BND Vanguard Total Bond Market Add +50.5% 0.26% +0.07
CGXU Cap Group Intl Focus Add +18.6% 1.23% +0.07
TSLA Tesla Inc. Add +1.3% 0.21% +0.07
VTEC Vanguard Ca Tax-Ex Bond Add +132.9% 0.12% +0.06
GOOG Alphabet Inc. Class C Add +10.8% 0.28% +0.05
DFSI Dimensional Int Sus COR1 ETF New 0.05% +0.05
VIG Vanguard Dividend Apprec ETF New 0.05% +0.05
DFSV Dimensional US Small Cap Val Add +16.4% 0.39% +0.05
INTU Intuit Inc. New 0.05% +0.05
VGT Vanguard Info Tech ETF New 0.04% +0.04
V Visa Inc. Class A Add +0.6% 0.25% +0.03
GOOGL Alphabet Inc. Class A Add +0.4% 0.27% +0.03
IVV iShares Core S&P 500 ETF Add +18.5% 0.18% +0.03
DOCU Docusign Inc. Add +0.0% 0.07% +0.02
DISV Dimensional International SM Add +18.7% 0.29% +0.02
WFC Wells Fargo & Co. Add +1.0% 0.09% +0.02
IWD iShares Russell 1000 Value E Add +21.5% 0.11% +0.01
DIS The Walt Disney Co. Add +1.4% 0.10% +0.01
JPM JPMorgan Chase & Co. Add +0.7% 0.10% +0.01
CGMU Cap Group Municipal Income Add +13.5% 0.12% +0.01
BA The Boeing Co. Add +0.5% 0.06% +0.01
SCHA Schwab US Small-Cap ETF Add +15.0% 0.06% +0.01
AXP American Express Co. Add +0.1% 0.07% +0.00
CSCO Cisco Systems Inc. Add +0.5% 0.05% +0.00
SCHB Schwab US Broad Market ETF Add +1.8% 0.18% +0.00
IBM Intl Business Machines Corp. Add +10.5% 0.05% +0.00
CGSM Cap Group Short Muni Income Add +5.7% 0.13% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +1.1% 0.24% +0.00
VT Vanguard Tot World STK ETF Add +7.1% 0.07% +0.00
VUSB Vanguard Ultra Short Bond Et Add +2.5% 0.07% −0.00
DFIS Dimensional International SM Add +6.2% 0.06% −0.00
ABBV Abbvie Inc. Add +4.4% 0.04% −0.00
PG The Procter & Gamble Co. Add +0.2% 0.09% −0.00
GE General Electric Add +2.5% 0.04% −0.01
XOM Exxon Mobil Corp. Add +1.7% 0.07% −0.01
JNJ Johnson & Johnson Add +0.2% 0.09% −0.01
CGIE Cap Group Intl Equity Add +6.3% 0.22% −0.01
VEA Vanguard Ftse Developed ETF Add +0.6% 0.11% −0.01
MSFT Microsoft Corp. Add +0.4% 0.59% −0.02
DFAI Dimensional International Co. Add +0.0% 0.36% −0.04
DFAE Dimensional Emerging Core Eq Add +1.0% 0.63% −0.06

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