Burton Enright Welch

Name: Burton Enright Welch 13F holdings, Q1 2025
Creator: Burton Enright Welch
Published: 2026-03-09

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed March 9, 2026), Burton Enright Welch reported 104 stock positions worth $491.8 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 22.2% of the portfolio, followed by Avantis Intl S/C Value ETF (AVDV, 7.8%) and Avantis US Small Cap Value (AVUV, 7.3%). Compared with Q4 2024, it opened 9 new positions, sold out of 3, added to 49 and reduced 35. The biggest buy was Dimensional International (DFIC, shares +8%) and the biggest sale Amazon.com (AMZN, shares −18%).

Most Recent 13F: Q2 2026
Location: WALNUT CREEK, CA
CIK: 0002105919
Portfolio Value: $491.8M (Q1 2025)
SEC Filing: 0002105919-26-000016 ↗ filed Mar 9, 2026

Holdings Value

Holdings 104 stocks · $491.8M


DFAC Dimensional US Core Equity 2	22.24%	3,314,834	$109.4M	Add +2.4%
AVDV Avantis Intl S/C Value ETF	7.84%	552,965	$38.6M	Add +1.7%
AVUV Avantis US Small Cap Value	7.34%	414,351	$36.1M	Add +2.8%
DUHP Dimensional US High Profi Et	6.54%	970,703	$32.2M	Add +3.5%
DFEM Dimensional Emrg MRKT Core	5.72%	1,063,815	$28.1M	Add +0.3%
DFIC Dimensional International Co.	5.70%	1,008,907	$28.0M	Add +7.5%
AVUS Avantis U.S. Equity ETF	4.66%	248,226	$22.9M	Add +4.2%
CVX Chevron Corp.	2.82%	82,997	$13.9M	Reduce -0.0%
VTIP Vanguard Short-Term Tips	2.81%	276,909	$13.8M	Add +5.2%
VCRB Vanguard Core Bond ETF	2.80%	178,082	$13.8M	Add +20.8%
DFAR Dimensional US Real Est ETF	2.78%	574,868	$13.7M	Add +1.7%
AVDE Avantis International Equity	2.73%	202,573	$13.4M	Add +0.4%
AVEM Avantis Emerging Markets Eq	2.50%	204,544	$12.3M	Add +2.1%
MCK McKesson Corp.	1.93%	14,100	$9.5M	Reduce -1.2%
AAPL Apple Inc.	1.45%	32,196	$7.2M	Add +3.2%
VGK Vanguard Ftse Europe ETF	1.37%	95,660	$6.7M	Reduce -1.4%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT	1.29%	259,901	$6.4M	Add +9.8%
JQUA JPMorgan US Quality Factor	0.86%	74,986	$4.2M	Add +30.1%
LECO Lincoln Electric Holdings	0.80%	20,762	$3.9M	Reduce -10.8%
VTES Vanguard SH Term Tax-Ex Bond	0.67%	32,843	$3.3M	Reduce -0.8%
AMZN Amazon.com Inc.	0.67%	17,293	$3.3M	Reduce -18.0%
DFAE Dimensional Emerging Core Eq	0.61%	115,753	$3.0M	Reduce -2.7%
DFGR Dim Global Real Estate ETF	0.60%	112,266	$2.9M	Add +3.2%
DFSV Dimensional US Small Cap Val	0.57%	99,732	$2.8M	Add +64.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.55%	65,300	$2.7M	Reduce -4.2%
MSFT Microsoft Corp.	0.50%	6,578	$2.5M	Reduce -1.0%
LLY Eli Lilly & Co.	0.49%	2,890	$2.4M	Reduce -20.4%
TSLA Tesla Inc.	0.45%	8,538	$2.2M	Add +251.7%
IEUR iShares Core MSCI Europe ETF	0.42%	34,014	$2.0M	Reduce -1.0%
FLIC First of Long Island Corp. filed as FIRST LONG IS CORP	0.40%	160,449	$2.0M	No change
DFAU Dimensional US Core Equity M	0.39%	50,089	$1.9M	Add +34.3%
DFAI Dimensional International Co.	0.38%	59,115	$1.8M	Reduce -0.0%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL	0.36%	59,563	$1.7M	Add +59.0%
VNQ Vanguard Real Estate ETF	0.35%	18,851	$1.7M	Add +0.4%
DISV Dimensional International SM	0.32%	54,681	$1.6M	Add +5.3%
DFSU Dimensional US Sus CORE1 ETF	0.31%	42,253	$1.5M	Add +0.0%
NVDA Nvidia Corp.	0.30%	13,494	$1.5M	Reduce -17.2%
DFCA Dimensional Calfornia MB ETF	0.28%	27,427	$1.4M	Add +48.0%
BRK.B Berkshire Hathaway Inc. Class B	0.27%	2,490	$1.3M	Add +0.1%
V Visa Inc. Class A	0.27%	3,760	$1.3M	Reduce -0.5%
COST Costco Wholesale Corp.	0.27%	1,391	$1.3M	Reduce -0.1%
BND Vanguard Total Bond Market	0.25%	16,963	$1.2M	Add +0.2%
GOOG Alphabet Inc. Class C	0.23%	7,231	$1.1M	Add +4.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.22%	1,902	$1.1M	Reduce -1.5%
GOOGL Alphabet Inc. Class A	0.21%	6,653	$1.0M	Reduce -0.8%
META Meta Platforms Inc. Class A	0.20%	1,700	$980K	Reduce -8.9%
DFSE Dimensional Em Sus CORE1 ETF	0.20%	28,683	$966K	Add +0.1%
VPLS Vanguard Core-Plus Bond ETF	0.19%	11,995	$930K	Add +11.6%
ADP Automatic Data Processing	0.17%	2,801	$856K	Add +3.7%
SCHB Schwab US Broad Market ETF	0.16%	37,270	$802K	Reduce -1.7%
VTEC Vanguard Ca Tax-Ex Bond	0.16%	7,876	$775K	Add +41.1%
IVV iShares Core S&P 500 ETF	0.15%	1,357	$762K	Reduce -7.3%
CDNS Cadence Design SYS Inc.	0.15%	2,890	$735K	Add +0.1%
WSM Williams-Sonoma Inc.	0.14%	4,499	$711K	Reduce -5.2%
CGMU Cap Group Municipal Income	0.14%	26,046	$699K	Add +20.4%
ORCL Oracle Corp.	0.13%	4,643	$649K	Add +5.6%
CGSM Cap Group Short Muni Income	0.13%	24,248	$631K	Add +1.5%
IWF iShares Russell 1000 Growth	0.13%	1,733	$626K	No change
AVSU Avantis Resp US Equity ETF	0.13%	10,032	$626K	No change
HD Home Depot Inc.	0.13%	1,687	$618K	Add +0.1%
DFAT Dimensional US Target Value	0.12%	11,009	$567K	New
JNJ Johnson & Johnson	0.11%	3,392	$563K	Add +15.3%
SYK Stryker Corp.	0.11%	1,478	$550K	No change
VEA Vanguard Ftse Developed ETF	0.11%	10,707	$544K	Reduce -0.2%
DFNM Dimensional National Muni BD	0.11%	11,291	$537K	No change
IWD iShares Russell 1000 Value E	0.11%	2,801	$527K	No change
EXPD Expeditors Intl Wash Inc.	0.11%	4,304	$518K	Reduce -2.3%
JPM JPMorgan Chase & Co.	0.10%	2,000	$491K	Reduce -0.7%
WFC Wells Fargo & Co.	0.10%	6,771	$486K	Add +11.8%
PEP Pepsico Inc.	0.10%	3,213	$482K	Reduce -5.8%
CAT Caterpillar Inc.	0.10%	1,435	$473K	Add +7.5%
PG The Procter & Gamble Co.	0.10%	2,767	$472K	Add +7.6%
VTI VG Morningstar TS MKT ETF-US	0.09%	1,616	$444K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.09%	4,479	$442K	Add +1.7%
CSCO Cisco Systems Inc.	0.08%	6,113	$377K	Add +54.9%
ISRG Intuitive Surgical Inc.	0.07%	719	$356K	Add +22.5%
XOM Exxon Mobil Corp.	0.07%	2,911	$346K	Reduce -1.7%
MCD McDonald's Corp.	0.07%	1,097	$343K	Reduce -16.7%
PHYS Sprott Physical Gold Trust	0.07%	14,071	$339K	No change
T AT&T Inc.	0.07%	11,724	$332K	New
SCHX Schwab US Large-Cap ETF	0.07%	14,848	$328K	New
QQQ Invesco QQQ Trust Series 1	0.07%	692	$324K	Add +38.1%
VUSB Vanguard Ultra Short Bond Et	0.07%	6,409	$320K	Reduce -1.7%
AXP American Express Co.	0.06%	1,162	$313K	Reduce -0.1%
INTC Intel Corp.	0.06%	13,585	$309K	Reduce -0.0%
DFCF Dimensional Core Fixed Inc.	0.06%	7,178	$302K	Reduce -4.3%
BA The Boeing Co.	0.06%	1,688	$288K	Reduce -0.3%
DOCU Docusign Inc.	0.06%	3,501	$285K	Add +0.0%
DFIS Dimensional International SM	0.06%	10,971	$283K	No change
SCHF Schwab Intl Equity ETF	0.06%	14,060	$278K	New
VT Vanguard Tot World STK ETF	0.06%	2,352	$273K	Reduce -16.1%
GE General Electric filed as GE AEROSPACE	0.06%	1,360	$272K	Add +12.9%
SCHA Schwab US Small-Cap ETF	0.05%	11,402	$267K	Add +7.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.05%	1,050	$261K	No change
BMRN Biomarin Pharmaceutical Inc.	0.05%	3,674	$260K	Reduce -0.2%
VCRM Vanguard Core Tax-Ex Bond	0.05%	3,489	$259K	New
DFSI Dimensional Int Sus COR1 ETF	0.05%	7,251	$253K	Add +0.9%
ABBV Abbvie Inc.	0.05%	1,202	$252K	Add +0.5%
INTU Intuit Inc.	0.04%	360	$221K	Reduce -0.3%
AVSE Avantis Resp Emerg MKTS Eq-E	0.04%	4,204	$216K	No change

Show all 104 holdings

Portfolio Sells Q4 2024 → Q1 2025


AMZN Amazon.com Inc.	Reduce -18.0%	0.67%	−0.30
NVDA Nvidia Corp.	Reduce -17.2%	0.30%	−0.16
LECO Lincoln Electric Holdings	Reduce -10.8%	0.80%	−0.12
LLY Eli Lilly & Co.	Reduce -20.4%	0.49%	−0.10
MSFT Microsoft Corp.	Reduce -1.0%	0.50%	−0.09
CBZ Cbiz Inc.	Sold out	0.00%	−0.08
BAC Bank of America Corp.	Reduce -4.2%	0.55%	−0.07
GOOGL Alphabet Inc. Class A	Reduce -0.8%	0.21%	−0.06
VIG Vanguard Dividend Apprec ETF	Sold out	0.00%	−0.05
VGT Vanguard Info Tech ETF	Sold out	0.00%	−0.04
WSM Williams-Sonoma Inc.	Reduce -5.2%	0.14%	−0.04
META Meta Platforms Inc. Class A	Reduce -8.9%	0.20%	−0.03
VTES Vanguard SH Term Tax-Ex Bond	Reduce -0.8%	0.67%	−0.03
IVV iShares Core S&P 500 ETF	Reduce -7.3%	0.15%	−0.03
DFAE Dimensional Emerging Core Eq	Reduce -2.7%	0.61%	−0.02
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -1.5%	0.22%	−0.02
SCHB Schwab US Broad Market ETF	Reduce -1.7%	0.16%	−0.02
VT Vanguard Tot World STK ETF	Reduce -16.1%	0.06%	−0.01
PEP Pepsico Inc.	Reduce -5.8%	0.10%	−0.01
MCD McDonald's Corp.	Reduce -16.7%	0.07%	−0.01
AXP American Express Co.	Reduce -0.1%	0.06%	−0.01
BA The Boeing Co.	Reduce -0.3%	0.06%	−0.00
DFCF Dimensional Core Fixed Inc.	Reduce -4.3%	0.06%	−0.00
VUSB Vanguard Ultra Short Bond Et	Reduce -1.7%	0.07%	−0.00
INTU Intuit Inc.	Reduce -0.3%	0.04%	−0.00
JPM JPMorgan Chase & Co.	Reduce -0.7%	0.10%	−0.00
COST Costco Wholesale Corp.	Reduce -0.1%	0.27%	−0.00
BMRN Biomarin Pharmaceutical Inc.	Reduce -0.2%	0.05%	+0.00
EXPD Expeditors Intl Wash Inc.	Reduce -2.3%	0.11%	+0.00
VEA Vanguard Ftse Developed ETF	Reduce -0.2%	0.11%	+0.00
XOM Exxon Mobil Corp.	Reduce -1.7%	0.07%	+0.00
INTC Intel Corp.	Reduce -0.0%	0.06%	+0.01
DFAI Dimensional International Co.	Reduce -0.0%	0.38%	+0.01
V Visa Inc. Class A	Reduce -0.5%	0.27%	+0.02
IEUR iShares Core MSCI Europe ETF	Reduce -1.0%	0.42%	+0.03
VGK Vanguard Ftse Europe ETF	Reduce -1.4%	1.37%	+0.07
MCK McKesson Corp.	Reduce -1.2%	1.93%	+0.22
CVX Chevron Corp.	Reduce -0.0%	2.82%	+0.30

Portfolio Buys Q4 2024 → Q1 2025


DFIC Dimensional International Co.	Add +7.5%	5.70%	+0.60
VCRB Vanguard Core Bond ETF	Add +20.8%	2.80%	+0.46
AVDV Avantis Intl S/C Value ETF	Add +1.7%	7.84%	+0.41
TSLA Tesla Inc.	Add +251.7%	0.45%	+0.24
DFSV Dimensional US Small Cap Val	Add +64.0%	0.57%	+0.18
JQUA JPMorgan US Quality Factor	Add +30.1%	0.86%	+0.17
CGIE Cap Group Intl Equity	Add +59.0%	0.36%	+0.14
VTIP Vanguard Short-Term Tips	Add +5.2%	2.81%	+0.13
AVDE Avantis International Equity	Add +0.4%	2.73%	+0.13
DFAT Dimensional US Target Value	New	0.12%	+0.12
DFCA Dimensional Calfornia MB ETF	Add +48.0%	0.28%	+0.08
DFAU Dimensional US Core Equity M	Add +34.3%	0.39%	+0.07
CGXU Cap Group Intl Focus	Add +9.8%	1.29%	+0.07
T AT&T Inc.	New	0.07%	+0.07
SCHX Schwab US Large-Cap ETF	New	0.07%	+0.07
SCHF Schwab Intl Equity ETF	New	0.06%	+0.06
VCRM Vanguard Core Tax-Ex Bond	New	0.05%	+0.05
AJG Arthur J Gallagher & Co.	New	0.04%	+0.04
WMT Walmart Inc.	New	0.04%	+0.04
AZO AutoZone Inc.	New	0.04%	+0.04
VTEC Vanguard Ca Tax-Ex Bond	Add +41.1%	0.16%	+0.04
EVRG Evergy Inc.	New	0.04%	+0.04
DISV Dimensional International SM	Add +5.3%	0.32%	+0.03
BRK.B Berkshire Hathaway Inc. Class B	Add +0.1%	0.27%	+0.03
AVEM Avantis Emerging Markets Eq	Add +2.1%	2.50%	+0.03
CSCO Cisco Systems Inc.	Add +54.9%	0.08%	+0.03
JNJ Johnson & Johnson	Add +15.3%	0.11%	+0.03
CGMU Cap Group Municipal Income	Add +20.4%	0.14%	+0.02
DFAR Dimensional US Real Est ETF	Add +1.7%	2.78%	+0.02
VPLS Vanguard Core-Plus Bond ETF	Add +11.6%	0.19%	+0.02
DFGR Dim Global Real Estate ETF	Add +3.2%	0.60%	+0.02
GE General Electric	Add +12.9%	0.06%	+0.01
QQQ Invesco QQQ Trust Series 1	Add +38.1%	0.07%	+0.01
WFC Wells Fargo & Co.	Add +11.8%	0.10%	+0.01
ISRG Intuitive Surgical Inc.	Add +22.5%	0.07%	+0.01
ADP Automatic Data Processing	Add +3.7%	0.17%	+0.01
ABBV Abbvie Inc.	Add +0.5%	0.05%	+0.01
PG The Procter & Gamble Co.	Add +7.6%	0.10%	+0.01
DFSI Dimensional Int Sus COR1 ETF	Add +0.9%	0.05%	+0.00
CGSM Cap Group Short Muni Income	Add +1.5%	0.13%	−0.00
BND Vanguard Total Bond Market	Add +0.2%	0.25%	−0.00
DFSE Dimensional Em Sus CORE1 ETF	Add +0.1%	0.20%	−0.00
SCHA Schwab US Small-Cap ETF	Add +7.0%	0.05%	−0.00
VNQ Vanguard Real Estate ETF	Add +0.4%	0.35%	−0.00
CAT Caterpillar Inc.	Add +7.5%	0.10%	−0.01
DOCU Docusign Inc.	Add +0.0%	0.06%	−0.01
HD Home Depot Inc.	Add +0.1%	0.13%	−0.01
DIS The Walt Disney Co.	Add +1.7%	0.09%	−0.01
ORCL Oracle Corp.	Add +5.6%	0.13%	−0.02
DFSU Dimensional US Sus CORE1 ETF	Add +0.0%	0.31%	−0.03

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	136	$851.5M	DFAC, AVUV, AVDV, BNDX, DUHP
Q1 2026	134	$735.5M	DFAC, AVDV, AVUV, BNDX, DUHP
Q4 2025	128	$710.5M	DFAC, AVDV, AVUV, BNDX, DUHP
Q3 2025	130	$662.4M	DFAC, AVDV, AVUV, BNDX, DUHP
Q2 2025	123	$576.7M	DFAC, AVDV, AVUV, DUHP, DFIC
Q1 2025	104	$491.8M	DFAC, AVDV, AVUV, DUHP, DFEM
Q4 2024	98	$476.2M	DFAC, AVUV, AVDV, DUHP, DFEM
Q3 2024	93	$466.2M	DFAC, AVUV, AVDV, DUHP, DFEM
Q2 2024	92	$433.8M	DFAC, AVUV, AVDV, DUHP, DFEM
Q1 2024	89	$415.7M	DFAC, AVUV, AVDV, DUHP, DFEM