Burton Enright Welch

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed March 9, 2026), Burton Enright Welch reported 123 stock positions worth $576.7 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 20.9% of the portfolio, followed by Avantis Intl S/C Value ETF (AVDV, 7.6%) and Avantis US Small Cap Value (AVUV, 6.8%). Compared with Q1 2025, it opened 22 new positions, sold out of 3, added to 63 and reduced 29. The biggest buy was a new position in Vanguard Total Intl Bond ETF (BNDX) and the biggest sale Dimensional Emrg MRKT Core (DFEM, shares −11%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0002105919
Portfolio Value
$576.7M (Q2 2025)
SEC Filing
0002105919-26-000017 ↗ 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 Q4 2024 Q1 2025: $491.8M Q1 2025 Q2 2025: $576.7M $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 123 stocks · $576.7M
DFAC Dimensional US Core Equity 2 20.88% 3,359,387 $120.4M Add +1.3%
AVDV Avantis Intl S/C Value ETF 7.61% 553,539 $43.9M Add +0.1%
AVUV Avantis US Small Cap Value 6.82% 431,857 $39.3M Add +4.2%
DUHP Dimensional US High Profi Et 6.11% 991,634 $35.3M Add +2.2%
DFIC Dimensional International Co. 5.32% 986,930 $30.7M Reduce -2.2%
DFEM Dimensional Emrg MRKT Core 4.85% 941,905 $28.0M Reduce -11.5%
AVUS Avantis U.S. Equity ETF 4.43% 253,280 $25.5M Add +2.0%
BNDX Vanguard Total Intl Bond ETF 3.79% 441,911 $21.9M New
AVDE Avantis International Equity 2.94% 229,464 $17.0M Add +13.3%
VTIP Vanguard Short-Term Tips 2.58% 295,484 $14.9M Add +6.7%
VCRB Vanguard Core Bond ETF 2.46% 182,688 $14.2M Add +2.6%
AVEM Avantis Emerging Markets Eq 2.44% 205,309 $14.1M Add +0.4%
DFAR Dimensional US Real Est ETF 2.42% 595,189 $14.0M Add +3.5%
CVX Chevron Corp. 2.06% 82,894 $11.9M Reduce -0.1%
MCK McKesson Corp. 1.79% 14,077 $10.3M Reduce -0.2%
VGK Vanguard Ftse Europe ETF 1.27% 94,506 $7.3M Reduce -1.2%
AAPL Apple Inc. 1.23% 34,602 $7.1M Add +7.5%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.07% 227,862 $6.2M Reduce -12.3%
LECO Lincoln Electric Holdings 0.75% 20,762 $4.3M No change
JQUA JPMorgan US Quality Factor 0.74% 71,108 $4.3M Reduce -5.2%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.72% 125,760 $4.1M Add +111.1%
MSFT Microsoft Corp. 0.65% 7,558 $3.8M Add +14.9%
DFAU Dimensional US Core Equity M 0.61% 82,660 $3.5M Add +65.0%
DFAE Dimensional Emerging Core Eq 0.60% 120,244 $3.5M Add +3.9%
AVGO Broadcom Inc. 0.60% 12,518 $3.5M New
DFAT Dimensional US Target Value 0.56% 59,598 $3.2M Add +441.4%
DCOR Dimensional US Core Eq 1 ETF 0.53% 45,524 $3.0M New
DFGR Dim Global Real Estate ETF 0.52% 111,893 $3.0M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 61,721 $2.9M Reduce -5.5%
AMZN Amazon.com Inc. 0.46% 12,063 $2.6M Reduce -30.2%
DFSV Dimensional US Small Cap Val 0.44% 86,014 $2.5M Reduce -13.8%
NVDA Nvidia Corp. 0.43% 15,773 $2.5M Add +16.9%
DISV Dimensional International SM 0.42% 74,229 $2.4M Add +35.8%
TSLA Tesla Inc. 0.41% 7,382 $2.3M Reduce -13.5%
VTES Vanguard SH Term Tax-Ex Bond 0.40% 23,095 $2.3M Reduce -29.7%
LLY Eli Lilly & Co. 0.39% 2,913 $2.3M Add +0.8%
DFAI Dimensional International Co. 0.38% 63,904 $2.2M Add +8.1%
IEUR iShares Core MSCI Europe ETF 0.37% 32,255 $2.1M Reduce -5.2%
DFSU Dimensional US Sus CORE1 ETF 0.37% 53,939 $2.1M Add +27.7%
IVV iShares Core S&P 500 ETF 0.34% 3,114 $1.9M Add +129.5%
CNOB Connectone Bancorp Inc. 0.32% 79,662 $1.8M New
QUAL iShares MSCI USA Quality Fac 0.31% 9,834 $1.8M New
VNQ Vanguard Real Estate ETF 0.28% 18,269 $1.6M Reduce -3.1%
COST Costco Wholesale Corp. 0.26% 1,496 $1.5M Add +7.5%
META Meta Platforms Inc. Class A 0.25% 1,927 $1.4M Add +13.3%
GOOG Alphabet Inc. Class C 0.24% 7,943 $1.4M Add +9.8%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 2,897 $1.4M Add +16.4%
V Visa Inc. Class A 0.24% 3,890 $1.4M Add +3.5%
VTEC Vanguard Ca Tax-Ex Bond 0.23% 13,668 $1.3M Add +73.5%
VBIL Vanguard 0-3M T-Bill ETF 0.21% 15,663 $1.2M New
GOOGL Alphabet Inc. Class A 0.20% 6,657 $1.2M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 1,793 $1.1M Reduce -5.7%
BND Vanguard Total Bond Market 0.19% 14,910 $1.1M Reduce -12.1%
DFSE Dimensional Em Sus CORE1 ETF 0.19% 28,683 $1.1M No change
ORCL Oracle Corp. 0.17% 4,606 $1.0M Reduce -0.8%
VSDM Vanguard Short Tax-Ex Bond 0.16% 12,292 $931K New
CGSM Cap Group Short Muni Income 0.16% 35,600 $928K Add +46.8%
VEA Vanguard Ftse Developed ETF 0.16% 16,061 $916K Add +50.0%
SCHB Schwab US Broad Market ETF 0.15% 36,563 $871K Reduce -1.9%
ADP Automatic Data Processing 0.15% 2,814 $868K Add +0.5%
CDNS Cadence Design SYS Inc. 0.14% 2,666 $822K Reduce -7.8%
VPLS Vanguard Core-Plus Bond ETF 0.13% 9,809 $763K Reduce -18.2%
CGMU Cap Group Municipal Income 0.13% 28,011 $748K Add +7.5%
IWF iShares Russell 1000 Growth 0.13% 1,733 $736K No change
WFC Wells Fargo & Co. 0.13% 9,128 $731K Add +34.8%
JPM JPMorgan Chase & Co. 0.13% 2,515 $729K Add +25.8%
HD Home Depot Inc. 0.12% 1,913 $701K Add +13.4%
AVSU Avantis Resp US Equity ETF 0.12% 10,032 $688K No change
VTI VG Morningstar TS MKT ETF-US 0.12% 2,205 $670K Add +36.5%
SYK Stryker Corp. 0.12% 1,688 $668K Add +14.2%
WSM Williams-Sonoma Inc. 0.11% 4,042 $660K Reduce -10.2%
CAT Caterpillar Inc. 0.10% 1,546 $600K Add +7.7%
JNJ Johnson & Johnson 0.10% 3,863 $590K Add +13.9%
IWD iShares Russell 1000 Value E 0.09% 2,801 $544K No change
IJH iShares Core S&P Midcap ETF 0.09% 8,600 $533K New
DFNM Dimensional National Muni BD 0.09% 10,804 $512K Reduce -4.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 3,975 $493K Reduce -11.3%
EXPD Expeditors Intl Wash Inc. 0.09% 4,304 $492K No change
PG The Procter & Gamble Co. 0.08% 3,034 $483K Add +9.7%
VWO Vanguard Ftse Emerging Marke 0.08% 9,371 $463K New
PEP Pepsico Inc. 0.08% 3,412 $451K Add +6.2%
CSCO Cisco Systems Inc. 0.08% 6,418 $445K Add +5.0%
AXP American Express Co. 0.07% 1,335 $426K Add +14.9%
DFCA Dimensional Calfornia MB ETF 0.07% 8,278 $408K Reduce -69.8%
SCHX Schwab US Large-Cap ETF 0.07% 16,366 $400K Add +10.2%
ISRG Intuitive Surgical Inc. 0.07% 730 $397K Add +1.5%
QQQ Invesco QQQ Trust Series 1 0.07% 692 $382K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,285 $379K Add +22.4%
VT Vanguard Tot World STK ETF 0.07% 2,942 $378K Add +25.1%
PHYS Sprott Physical Gold Trust 0.06% 14,071 $357K No change
GE General Electric filed as GE AEROSPACE 0.06% 1,386 $357K Add +1.9%
BA The Boeing Co. 0.06% 1,702 $357K Add +0.8%
MCD McDonald's Corp. 0.06% 1,211 $354K Add +10.4%
INTC Intel Corp. 0.06% 15,612 $350K Add +14.9%
SCHF Schwab Intl Equity ETF 0.06% 15,456 $342K Add +9.9%
T AT&T Inc. 0.06% 11,711 $339K Reduce -0.1%
VUSB Vanguard Ultra Short Bond Et 0.06% 6,692 $334K Add +4.4%
WMT Walmart Inc. 0.06% 3,401 $333K Add +43.9%
DFIS Dimensional International SM 0.06% 10,971 $327K No change
XOM Exxon Mobil Corp. 0.06% 3,017 $325K Add +3.6%

Show all 123 holdings

Portfolio Sells Q1 2025 → Q2 2025
DFEM Dimensional Emrg MRKT Core Reduce -11.5% 4.85% −0.88
CVX Chevron Corp. Reduce -0.1% 2.06% −0.77
FLIC First of Long Island Corp. Sold out 0.00% −0.40
DFIC Dimensional International Co. Reduce -2.2% 5.32% −0.38
VTES Vanguard SH Term Tax-Ex Bond Reduce -29.7% 0.40% −0.27
CGXU Cap Group Intl Focus Reduce -12.3% 1.07% −0.22
AMZN Amazon.com Inc. Reduce -30.2% 0.46% −0.21
DFCA Dimensional Calfornia MB ETF Reduce -69.8% 0.07% −0.21
MCK McKesson Corp. Reduce -0.2% 1.79% −0.14
DFSV Dimensional US Small Cap Val Reduce -13.8% 0.44% −0.13
JQUA JPMorgan US Quality Factor Reduce -5.2% 0.74% −0.12
VGK Vanguard Ftse Europe ETF Reduce -1.2% 1.27% −0.10
DFGR Dim Global Real Estate ETF Reduce -0.3% 0.52% −0.08
VNQ Vanguard Real Estate ETF Reduce -3.1% 0.28% −0.06
BND Vanguard Total Bond Market Reduce -12.1% 0.19% −0.06
DFCF Dimensional Core Fixed Inc. Sold out 0.00% −0.06
VPLS Vanguard Core-Plus Bond ETF Reduce -18.2% 0.13% −0.06
BAC Bank of America Corp. Reduce -5.5% 0.51% −0.05
IEUR iShares Core MSCI Europe ETF Reduce -5.2% 0.37% −0.05
TSLA Tesla Inc. Reduce -13.5% 0.41% −0.04
AZO AutoZone Inc. Sold out 0.00% −0.04
WSM Williams-Sonoma Inc. Reduce -10.2% 0.11% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.7% 0.19% −0.02
DFNM Dimensional National Muni BD Reduce -4.3% 0.09% −0.02
SCHB Schwab US Broad Market ETF Reduce -1.9% 0.15% −0.01
SCHA Schwab US Small-Cap ETF Reduce -13.2% 0.04% −0.01
T AT&T Inc. Reduce -0.1% 0.06% −0.01
AVSE Avantis Resp Emerg MKTS Eq-E Reduce -16.8% 0.04% −0.01
CDNS Cadence Design SYS Inc. Reduce -7.8% 0.14% −0.01
INTU Intuit Inc. Reduce -19.4% 0.04% −0.01
DIS The Walt Disney Co. Reduce -11.3% 0.09% −0.00
ORCL Oracle Corp. Reduce -0.8% 0.17% +0.04

Portfolio Buys Q1 2025 → Q2 2025
BNDX Vanguard Total Intl Bond ETF New 3.79% +3.79
AVGO Broadcom Inc. New 0.60% +0.60
DCOR Dimensional US Core Eq 1 ETF New 0.53% +0.53
DFAT Dimensional US Target Value Add +441.4% 0.56% +0.44
CGIE Cap Group Intl Equity Add +111.1% 0.72% +0.36
CNOB Connectone Bancorp Inc. New 0.32% +0.32
QUAL iShares MSCI USA Quality Fac New 0.31% +0.31
DFAU Dimensional US Core Equity M Add +65.0% 0.61% +0.22
AVDE Avantis International Equity Add +13.3% 2.94% +0.21
VBIL Vanguard 0-3M T-Bill ETF New 0.21% +0.21
IVV iShares Core S&P 500 ETF Add +129.5% 0.34% +0.18
VSDM Vanguard Short Tax-Ex Bond New 0.16% +0.16
MSFT Microsoft Corp. Add +14.9% 0.65% +0.15
NVDA Nvidia Corp. Add +16.9% 0.43% +0.13
DISV Dimensional International SM Add +35.8% 0.42% +0.10
IJH iShares Core S&P Midcap ETF New 0.09% +0.09
VWO Vanguard Ftse Emerging Marke New 0.08% +0.08
VTEC Vanguard Ca Tax-Ex Bond Add +73.5% 0.23% +0.07
DFSU Dimensional US Sus CORE1 ETF Add +27.7% 0.37% +0.06
VCIT Vanguard Int-Term Corporate New 0.05% +0.05
VGUS Vanguard Ultra SHRT Treasury New 0.05% +0.05
KO The Coca-Cola Co. New 0.05% +0.05
IEFA iShares Core MSCI Eafe ETF New 0.05% +0.05
SCHW Schwab (charles) Corp. New 0.05% +0.05
VEA Vanguard Ftse Developed ETF Add +50.0% 0.16% +0.05
META Meta Platforms Inc. Class A Add +13.3% 0.25% +0.05
NFLX Netflix Inc. New 0.05% +0.05
VGT Vanguard Info Tech ETF New 0.04% +0.04
AVSD Avantis Reps Intern Equi ETF New 0.04% +0.04
VOO Vanguard S&P 500 ETF New 0.04% +0.04
TXN Texas Instruments Inc. New 0.04% +0.04
VIG Vanguard Dividend Apprec ETF New 0.04% +0.04
AMGN Amgen Inc. New 0.03% +0.03
CGSM Cap Group Short Muni Income Add +46.8% 0.16% +0.03
WFC Wells Fargo & Co. Add +34.8% 0.13% +0.03
JPM JPMorgan Chase & Co. Add +25.8% 0.13% +0.03
VTI VG Morningstar TS MKT ETF-US Add +36.5% 0.12% +0.03
WMT Walmart Inc. Add +43.9% 0.06% +0.02
GOOG Alphabet Inc. Class C Add +9.8% 0.24% +0.01
IBM Intl Business Machines Corp. Add +22.4% 0.07% +0.01
AXP American Express Co. Add +14.9% 0.07% +0.01
VT Vanguard Tot World STK ETF Add +25.1% 0.07% +0.01
CAT Caterpillar Inc. Add +7.7% 0.10% +0.01
DFAI Dimensional International Co. Add +8.1% 0.38% +0.01
GE General Electric Add +1.9% 0.06% +0.01
SYK Stryker Corp. Add +14.2% 0.12% +0.00
BA The Boeing Co. Add +0.8% 0.06% +0.00
CERS Cerus Corp. New 0.00% +0.00
SCHX Schwab US Large-Cap ETF Add +10.2% 0.07% +0.00
SCHF Schwab Intl Equity ETF Add +9.9% 0.06% +0.00

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