Burton Enright Welch
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Burton Enright Welch reported 128 stock positions worth $710.5 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 20.5% of the portfolio, followed by Avantis Intl S/C Value ETF (AVDV, 7.5%) and Avantis US Small Cap Value (AVUV, 6.8%). Compared with Q3 2025, it opened 2 new positions, sold out of 4, added to 74 and reduced 42. The biggest buy was Vanguard Core Bond ETF (VCRB, shares +21%) and the biggest sale Avantis U.S. Equity ETF (AVUS, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0002105919
- Portfolio Value
- $710.5M (Q4 2025)
- SEC Filing
- 0002105919-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 128 stocks · $710.5M
| DFAC Dimensional US Core Equity 2 | 20.50% | 3,678,371 | $145.6M | Add +4.2% |
| AVDV Avantis Intl S/C Value ETF | 7.51% | 567,497 | $53.3M | Add +1.0% |
| AVUV Avantis US Small Cap Value | 6.79% | 473,099 | $48.2M | Add +3.9% |
| BNDX Vanguard Total Intl Bond ETF | 6.49% | 954,414 | $46.1M | Add +12.9% |
| DUHP Dimensional US High Profi Et | 5.78% | 1,079,349 | $41.0M | Add +4.1% |
| DFIC Dimensional International Co. | 5.39% | 1,111,853 | $38.3M | Add +5.5% |
| DFEM Dimensional Emrg MRKT Core | 4.81% | 1,033,237 | $34.2M | Add +3.8% |
| AVUS Avantis U.S. Equity ETF | 3.95% | 251,058 | $28.1M | Reduce -0.6% |
| VCRB Vanguard Core Bond ETF | 2.90% | 264,826 | $20.6M | Add +20.8% |
| AVDE Avantis International Equity | 2.62% | 226,482 | $18.6M | Reduce -0.3% |
| VTIP Vanguard Short-Term Tips | 2.41% | 345,508 | $17.1M | Add +11.9% |
| DFAR Dimensional US Real Est ETF | 2.18% | 674,979 | $15.5M | Add +7.2% |
| AVEM Avantis Emerging Markets Eq | 2.08% | 191,892 | $14.8M | Reduce -2.6% |
| CVX Chevron Corp. | 1.77% | 82,664 | $12.6M | Add +0.1% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 1.41% | 337,912 | $10.0M | Add +21.2% |
| MCK McKesson Corp. | 1.40% | 12,158 | $10.0M | Reduce -0.8% |
| AAPL Apple Inc. | 1.34% | 35,077 | $9.5M | Reduce -0.2% |
| VGK Vanguard Ftse Europe ETF | 1.10% | 93,124 | $7.8M | Reduce -0.0% |
| LECO Lincoln Electric Holdings | 0.70% | 20,764 | $5.0M | Reduce -0.0% |
| CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL | 0.68% | 139,139 | $4.8M | Add +11.7% |
| JQUA JPMorgan US Quality Factor | 0.62% | 70,243 | $4.4M | Reduce -0.4% |
| DFAU Dimensional US Core Equity M | 0.56% | 85,007 | $4.0M | Add +2.8% |
| MSFT Microsoft Corp. | 0.56% | 8,205 | $4.0M | Add +4.3% |
| AVGO Broadcom Inc. | 0.54% | 11,184 | $3.9M | Add +1.0% |
| DFAE Dimensional Emerging Core Eq | 0.53% | 114,608 | $3.7M | Reduce -0.7% |
| DFAT Dimensional US Target Value | 0.52% | 62,265 | $3.7M | Add +2.3% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.50% | 46,760 | $3.5M | Add +146.6% |
| TSLA Tesla Inc. | 0.48% | 7,510 | $3.4M | Add +47.3% |
| DCOR Dimensional US Core Eq 1 ETF | 0.47% | 45,128 | $3.3M | Reduce -0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 57,380 | $3.2M | Reduce -6.6% |
| NVDA Nvidia Corp. | 0.44% | 16,846 | $3.1M | Add +6.1% |
| DFGR Dim Global Real Estate ETF | 0.41% | 111,389 | $2.9M | Add +0.2% |
| DFSV Dimensional US Small Cap Val | 0.40% | 86,652 | $2.8M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.40% | 2,615 | $2.8M | Reduce -3.4% |
| AMZN Amazon.com Inc. | 0.39% | 12,117 | $2.8M | Add +2.5% |
| DISV Dimensional International SM | 0.39% | 72,917 | $2.8M | Reduce -0.7% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.37% | 25,989 | $2.6M | Add +11.2% |
| DFSU Dimensional US Sus CORE1 ETF | 0.37% | 59,720 | $2.6M | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 0.34% | 7,665 | $2.4M | Add +4.8% |
| DFAI Dimensional International Co. | 0.34% | 62,784 | $2.4M | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 0.33% | 7,463 | $2.3M | Add +2.7% |
| VOO Vanguard S&P 500 ETF | 0.33% | 3,732 | $2.3M | Add +15.1% |
| IVV iShares Core S&P 500 ETF | 0.32% | 3,309 | $2.3M | Add +6.3% |
| IEUR iShares Core MSCI Europe ETF | 0.31% | 30,864 | $2.2M | Reduce -3.5% |
| CNOB Connectone Bancorp Inc. | 0.29% | 79,662 | $2.1M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.27% | 9,766 | $1.9M | Reduce -0.3% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.24% | 16,716 | $1.7M | Add +16.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 3,162 | $1.6M | Add +6.3% |
| VNQ Vanguard Real Estate ETF | 0.22% | 17,347 | $1.5M | Reduce -1.8% |
| AVSU Avantis Resp US Equity ETF | 0.20% | 18,655 | $1.4M | Add +86.0% |
| VCRM Vanguard Core Tax-Ex Bond | 0.20% | 18,807 | $1.4M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 2,063 | $1.4M | Add +15.1% |
| META Meta Platforms Inc. Class A | 0.19% | 2,095 | $1.4M | Add +2.9% |
| V Visa Inc. Class A | 0.19% | 3,892 | $1.4M | Add +1.6% |
| VXF Vanguard Extended Market ETF | 0.19% | 6,360 | $1.3M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.17% | 1,428 | $1.2M | Reduce -5.9% |
| VSDM Vanguard Short Tax-Ex Bond | 0.16% | 14,697 | $1.1M | Add +8.0% |
| CGSM Cap Group Short Muni Income | 0.16% | 42,575 | $1.1M | Add +2.8% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.16% | 26,810 | $1.1M | Add +7.7% |
| VEA Vanguard Ftse Developed ETF | 0.15% | 16,841 | $1.1M | Add +1.3% |
| JPM JPMorgan Chase & Co. | 0.14% | 3,031 | $977K | Add +5.7% |
| CAT Caterpillar Inc. | 0.13% | 1,640 | $940K | Add +4.2% |
| SCHB Schwab US Broad Market ETF | 0.13% | 35,559 | $933K | Reduce -1.8% |
| DFCA Dimensional Calfornia MB ETF | 0.13% | 18,192 | $911K | Add +17.8% |
| ORCL Oracle Corp. | 0.13% | 4,655 | $907K | Add +0.3% |
| JNJ Johnson & Johnson | 0.12% | 4,063 | $841K | Add +5.0% |
| CGMU Cap Group Municipal Income | 0.12% | 30,239 | $828K | Add +29.6% |
| IWF iShares Russell 1000 Growth | 0.12% | 1,738 | $823K | Add +0.3% |
| CDNS Cadence Design SYS Inc. | 0.11% | 2,540 | $794K | Reduce -5.0% |
| VXUS Vanguard Total Intl Stock | 0.11% | 10,234 | $772K | Add +22.5% |
| VPLS Vanguard Core-Plus Bond ETF | 0.10% | 9,501 | $742K | Reduce -0.0% |
| WSM Williams-Sonoma Inc. | 0.10% | 4,050 | $723K | Add +0.1% |
| ADP Automatic Data Processing | 0.10% | 2,795 | $719K | Reduce -1.3% |
| HD Home Depot Inc. | 0.10% | 1,978 | $681K | Reduce -0.9% |
| WFC Wells Fargo & Co. | 0.09% | 7,183 | $669K | Add +1.8% |
| EXPD Expeditors Intl Wash Inc. | 0.09% | 4,308 | $642K | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.09% | 9,335 | $616K | Add +8.6% |
| SYK Stryker Corp. | 0.09% | 1,726 | $607K | Add +0.6% |
| BND Vanguard Total Bond Market | 0.08% | 8,108 | $601K | Reduce -2.3% |
| IWD iShares Russell 1000 Value E | 0.08% | 2,801 | $589K | No change |
| VGUS Vanguard Ultra SHRT Treasury | 0.08% | 7,522 | $568K | Reduce -9.0% |
| INTC Intel Corp. | 0.08% | 14,733 | $544K | Add +1.2% |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 9,640 | $518K | Reduce -0.2% |
| DFNM Dimensional National Muni BD | 0.07% | 10,670 | $514K | Add +0.4% |
| PEP Pepsico Inc. | 0.07% | 3,549 | $509K | Add +1.3% |
| DFSI Dimensional Int Sus COR1 ETF | 0.07% | 11,814 | $506K | Add +20.8% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 1,628 | $501K | Add +9.6% |
| CSCO Cisco Systems Inc. | 0.07% | 6,448 | $497K | Reduce -2.0% |
| AXP American Express Co. | 0.07% | 1,338 | $495K | Reduce -2.0% |
| WMT Walmart Inc. | 0.07% | 4,335 | $483K | Add +15.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 4,172 | $475K | Add +2.8% |
| PHYS Sprott Physical Gold Trust | 0.07% | 14,071 | $465K | No change |
| AVSD Avantis Reps Intern Equi ETF | 0.07% | 6,247 | $464K | Add +88.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 1,342 | $450K | Add +1.7% |
| PG The Procter & Gamble Co. | 0.06% | 3,069 | $440K | Reduce -0.3% |
| ISRG Intuitive Surgical Inc. | 0.06% | 768 | $435K | Add +7.7% |
| VUSB Vanguard Ultra Short Bond Et | 0.06% | 8,661 | $432K | Add +31.1% |
| VT Vanguard Tot World STK ETF | 0.06% | 3,057 | $431K | Reduce -2.5% |
| VOOG Vanguard S&P 500 Growth ETF | 0.06% | 966 | $429K | No change |
| XOM Exxon Mobil Corp. | 0.06% | 3,564 | $429K | Add +7.8% |
Portfolio Sells Q3 2025 → Q4 2025
| AVUS Avantis U.S. Equity ETF | Reduce -0.6% | 3.95% | −0.20 |
| AVEM Avantis Emerging Markets Eq | Reduce -2.6% | 2.08% | −0.15 |
| AVDE Avantis International Equity | Reduce -0.3% | 2.62% | −0.08 |
| JQUA JPMorgan US Quality Factor | Reduce -0.4% | 0.62% | −0.04 |
| LECO Lincoln Electric Holdings | Reduce -0.0% | 0.70% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -5.9% | 0.17% | −0.04 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.04 |
| BAC Bank of America Corp. | Reduce -6.6% | 0.44% | −0.03 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.03 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -5.0% | 0.11% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -1.8% | 0.22% | −0.03 |
| HD Home Depot Inc. | Reduce -0.9% | 0.10% | −0.03 |
| VGK Vanguard Ftse Europe ETF | Reduce -0.0% | 1.10% | −0.03 |
| MCK McKesson Corp. | Reduce -0.8% | 1.40% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.3% | 0.10% | −0.02 |
| DFAE Dimensional Emerging Core Eq | Reduce -0.7% | 0.53% | −0.02 |
| DCOR Dimensional US Core Eq 1 ETF | Reduce -0.2% | 0.47% | −0.02 |
| IEUR iShares Core MSCI Europe ETF | Reduce -3.5% | 0.31% | −0.02 |
| DFSV Dimensional US Small Cap Val | Reduce -0.2% | 0.40% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -31.7% | 0.03% | −0.02 |
| VGUS Vanguard Ultra SHRT Treasury | Reduce -9.0% | 0.08% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.3% | 0.27% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -0.1% | 0.19% | −0.01 |
| DFAI Dimensional International Co. | Reduce -1.7% | 0.34% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -14.0% | 0.05% | −0.01 |
| T AT&T Inc. | Reduce -2.0% | 0.04% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -16.0% | 0.04% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.06% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -1.8% | 0.13% | −0.01 |
| AAPL Apple Inc. | Reduce -0.2% | 1.34% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -2.3% | 0.08% | −0.01 |
| VPLS Vanguard Core-Plus Bond ETF | Reduce -0.0% | 0.10% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.2% | 0.07% | −0.01 |
| DISV Dimensional International SM | Reduce -0.7% | 0.39% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.4% | 0.06% | −0.01 |
| DOCU Docusign Inc. | Reduce -0.2% | 0.03% | −0.00 |
| VT Vanguard Tot World STK ETF | Reduce -2.5% | 0.06% | −0.00 |
| EVRG Evergy Inc. | Reduce -1.3% | 0.03% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -1.3% | 0.06% | −0.00 |
| AXP American Express Co. | Reduce -2.0% | 0.07% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 0.07% | +0.00 |
| AMAT Applied Materials Inc. | Reduce -2.8% | 0.05% | +0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.1% | 0.09% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -3.4% | 0.40% | +0.08 |
Portfolio Buys Q3 2025 → Q4 2025
| VCRB Vanguard Core Bond ETF | Add +20.8% | 2.90% | +0.31 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +146.6% | 0.50% | +0.28 |
| BNDX Vanguard Total Intl Bond ETF | Add +12.9% | 6.49% | +0.18 |
| DFIC Dimensional International Co. | Add +5.5% | 5.39% | +0.18 |
| CGXU Cap Group Intl Focus | Add +21.2% | 1.41% | +0.16 |
| TSLA Tesla Inc. | Add +47.3% | 0.48% | +0.13 |
| AVSU Avantis Resp US Equity ETF | Add +86.0% | 0.20% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +4.8% | 0.34% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +2.7% | 0.33% | +0.06 |
| CGIE Cap Group Intl Equity | Add +11.7% | 0.68% | +0.05 |
| VTIP Vanguard Short-Term Tips | Add +11.9% | 2.41% | +0.05 |
| LMT Lockheed Martin Corp. | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +15.1% | 0.33% | +0.03 |
| AVSD Avantis Reps Intern Equi ETF | Add +88.5% | 0.07% | +0.03 |
| AMD Advanced Micro Devices | New | 0.03% | +0.03 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +68.6% | 0.05% | +0.02 |
| CGMU Cap Group Municipal Income | Add +29.6% | 0.12% | +0.02 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +16.8% | 0.24% | +0.02 |
| CAT Caterpillar Inc. | Add +4.2% | 0.13% | +0.02 |
| DFSU Dimensional US Sus CORE1 ETF | Add +10.6% | 0.37% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +15.1% | 0.20% | +0.02 |
| VXUS Vanguard Total Intl Stock | Add +22.5% | 0.11% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +7.7% | 0.06% | +0.01 |
| DFCA Dimensional Calfornia MB ETF | Add +17.8% | 0.13% | +0.01 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +11.2% | 0.37% | +0.01 |
| VUSB Vanguard Ultra Short Bond Et | Add +31.1% | 0.06% | +0.01 |
| DFSI Dimensional Int Sus COR1 ETF | Add +20.8% | 0.07% | +0.01 |
| JNJ Johnson & Johnson | Add +5.0% | 0.12% | +0.01 |
| WMT Walmart Inc. | Add +15.9% | 0.07% | +0.01 |
| WFC Wells Fargo & Co. | Add +1.8% | 0.09% | +0.00 |
| AMGN Amgen Inc. | Add +5.3% | 0.04% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +6.3% | 0.32% | +0.00 |
| ABBV Abbvie Inc. | Add +17.4% | 0.06% | +0.00 |
| XOM Exxon Mobil Corp. | Add +7.8% | 0.06% | +0.00 |
| GEV GE Vernova Inc. | Add +12.2% | 0.04% | +0.00 |
| GE General Electric | Add +9.6% | 0.07% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +6.2% | 0.04% | +0.00 |
| INTC Intel Corp. | Add +1.2% | 0.08% | +0.00 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +7.7% | 0.16% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +8.6% | 0.09% | +0.00 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.39% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +5.7% | 0.14% | +0.00 |
| VSDM Vanguard Short Tax-Ex Bond | Add +8.0% | 0.16% | +0.00 |
| MCD McDonald's Corp. | Add +7.3% | 0.06% | +0.00 |
| INTU Intuit Inc. | Add +6.3% | 0.03% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Add +0.1% | 0.04% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.7% | 0.06% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.3% | 0.22% | −0.00 |
| BA The Boeing Co. | Add +2.8% | 0.06% | −0.00 |
| LOW Lowe's Cos Inc. | Add +4.1% | 0.03% | −0.00 |
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 |