Burton Enright Welch

Name: Burton Enright Welch 13F holdings, Q1 2026
Creator: Burton Enright Welch
Published: 2026-05-04

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

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Burton Enright Welch reported 134 stock positions worth $735.5 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 19.8% of the portfolio, followed by Avantis Intl S/C Value ETF (AVDV, 7.6%) and Avantis US Small Cap Value (AVUV, 7.3%). Compared with Q4 2025, it opened 11 new positions, sold out of 5, added to 63 and reduced 49. The biggest buy was Avantis US Small Cap Value (AVUV, shares +3%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F: Q2 2026
Location: WALNUT CREEK, CA
CIK: 0002105919
Portfolio Value: $735.5M (Q1 2026)
SEC Filing: 0002105919-26-000019 ↗ filed May 4, 2026

Holdings Value

Holdings 134 stocks · $735.5M


DFAC Dimensional US Core Equity 2	19.78%	3,744,102	$145.5M	Add +1.8%
AVDV Avantis Intl S/C Value ETF	7.57%	557,390	$55.7M	Reduce -1.8%
AVUV Avantis US Small Cap Value	7.32%	487,601	$53.9M	Add +3.1%
BNDX Vanguard Total Intl Bond ETF	6.67%	1,021,367	$49.1M	Add +7.0%
DUHP Dimensional US High Profi Et	5.56%	1,113,413	$40.9M	Add +3.2%
DFIC Dimensional International Co.	5.52%	1,142,023	$40.6M	Add +2.7%
DFEM Dimensional Emrg MRKT Core	4.85%	1,031,628	$35.6M	Reduce -0.2%
AVUS Avantis U.S. Equity ETF	4.01%	265,535	$29.5M	Add +5.8%
VCRB Vanguard Core Bond ETF	3.08%	292,700	$22.6M	Add +10.5%
AVDE Avantis International Equity	2.59%	224,161	$19.0M	Reduce -1.0%
VTIP Vanguard Short-Term Tips	2.49%	366,971	$18.3M	Add +6.2%
CVX Chevron Corp.	2.27%	80,636	$16.7M	Reduce -2.5%
DFAR Dimensional US Real Est ETF	2.24%	698,117	$16.5M	Add +3.4%
AVEM Avantis Emerging Markets Eq	2.02%	183,982	$14.8M	Reduce -4.1%
MCK McKesson Corp.	1.42%	12,057	$10.4M	Reduce -0.8%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT	1.40%	348,445	$10.3M	Add +3.1%
AAPL Apple Inc.	1.13%	32,837	$8.3M	Reduce -6.4%
VGK Vanguard Ftse Europe ETF	1.02%	91,064	$7.5M	Reduce -2.2%
LECO Lincoln Electric Holdings	0.77%	22,764	$5.7M	Add +9.6%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL	0.68%	148,025	$5.0M	Add +6.4%
JQUA JPMorgan US Quality Factor	0.67%	80,898	$5.0M	Add +15.2%
DFAE Dimensional Emerging Core Eq	0.54%	116,328	$3.9M	Add +1.5%
DFAT Dimensional US Target Value	0.53%	62,318	$3.9M	Add +0.1%
DFAU Dimensional US Core Equity M	0.53%	86,168	$3.9M	Add +1.4%
DCOR Dimensional US Core Eq 1 ETF	0.49%	49,622	$3.6M	Add +10.0%
DFSV Dimensional US Small Cap Val	0.43%	89,257	$3.1M	Add +3.0%
MSFT Microsoft Corp.	0.42%	8,429	$3.1M	Add +2.7%
VBIL Vanguard 0-3M T-Bill ETF	0.42%	41,208	$3.1M	Reduce -11.9%
DISV Dimensional International SM	0.41%	76,760	$3.0M	Add +5.3%
DFGR Dim Global Real Estate ETF	0.40%	110,996	$3.0M	Reduce -0.3%
NVDA Nvidia Corp.	0.39%	16,568	$2.9M	Reduce -1.6%
DFSU Dimensional US Sus CORE1 ETF	0.39%	70,277	$2.9M	Add +17.7%
AVGO Broadcom Inc.	0.37%	8,830	$2.7M	Reduce -21.1%
AMZN Amazon.com Inc.	0.36%	12,693	$2.6M	Add +4.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.36%	53,920	$2.6M	Reduce -6.0%
DFAI Dimensional International Co.	0.33%	62,871	$2.4M	Add +0.1%
GOOGL Alphabet Inc. Class A	0.33%	8,356	$2.4M	Add +9.0%
LLY Eli Lilly & Co.	0.32%	2,531	$2.3M	Reduce -3.2%
TSLA Tesla Inc.	0.31%	6,189	$2.3M	Reduce -17.6%
VOO Vanguard S&P 500 ETF	0.30%	3,716	$2.2M	Reduce -0.4%
IEUR iShares Core MSCI Europe ETF	0.29%	30,097	$2.1M	Reduce -2.5%
IVV iShares Core S&P 500 ETF	0.29%	3,235	$2.1M	Reduce -2.2%
QUAL iShares MSCI USA Quality Fac	0.29%	11,012	$2.1M	Add +12.8%
CNOB Connectone Bancorp Inc.	0.28%	77,425	$2.1M	Reduce -2.8%
VTES Vanguard SH Term Tax-Ex Bond	0.28%	20,357	$2.1M	Reduce -21.7%
GOOG Alphabet Inc. Class C	0.27%	6,868	$2.0M	Reduce -8.0%
VTEC Vanguard Ca Tax-Ex Bond	0.27%	19,834	$2.0M	Add +18.6%
VCRM Vanguard Core Tax-Ex Bond	0.22%	21,396	$1.6M	Add +13.8%
COST Costco Wholesale Corp.	0.21%	1,544	$1.5M	Add +8.1%
BRK.B Berkshire Hathaway Inc. Class B	0.21%	3,193	$1.5M	Add +1.0%
VNQ Vanguard Real Estate ETF	0.20%	16,742	$1.5M	Reduce -3.5%
AVSU Avantis Resp US Equity ETF	0.19%	19,366	$1.4M	Add +3.8%
VPLS Vanguard Core-Plus Bond ETF	0.19%	18,349	$1.4M	Add +93.1%
VXF Vanguard Extended Market ETF	0.18%	6,360	$1.3M	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.17%	1,959	$1.3M	Reduce -5.0%
V Visa Inc. Class A	0.17%	4,136	$1.3M	Add +6.3%
CAT Caterpillar Inc.	0.16%	1,672	$1.2M	Add +1.9%
CGMU Cap Group Municipal Income	0.16%	43,589	$1.2M	Add +44.1%
VSDM Vanguard Short Tax-Ex Bond	0.16%	15,495	$1.2M	Add +5.4%
META Meta Platforms Inc. Class A	0.16%	2,056	$1.2M	Reduce -1.9%
CGSM Cap Group Short Muni Income	0.15%	43,343	$1.1M	Add +1.8%
DFSE Dimensional Em Sus CORE1 ETF	0.15%	26,810	$1.1M	No change
AVSD Avantis Reps Intern Equi ETF	0.15%	15,195	$1.1M	Add +143.2%
VEA Vanguard Ftse Developed ETF	0.14%	16,442	$1.1M	Reduce -2.4%
JPM JPMorgan Chase & Co.	0.14%	3,444	$1.0M	Add +13.6%
DFCA Dimensional Calfornia MB ETF	0.12%	18,345	$914K	Add +0.8%
JNJ Johnson & Johnson	0.12%	3,737	$913K	Reduce -8.0%
SCHB Schwab US Broad Market ETF	0.12%	35,136	$882K	Reduce -1.2%
VXUS Vanguard Total Intl Stock	0.11%	10,282	$793K	Add +0.5%
IJH iShares Core S&P Midcap ETF	0.11%	11,561	$781K	Add +23.9%
AVSE Avantis Resp Emerg MKTS Eq-E	0.10%	11,581	$771K	Add +96.3%
IWF iShares Russell 1000 Growth	0.10%	1,781	$759K	Add +2.5%
HD Home Depot Inc.	0.10%	2,229	$733K	Add +12.7%
CDNS Cadence Design SYS Inc.	0.10%	2,546	$707K	Add +0.2%
XOM Exxon Mobil Corp.	0.10%	4,153	$705K	Add +16.5%
WSM Williams-Sonoma Inc.	0.09%	3,813	$695K	Reduce -5.8%
ORCL Oracle Corp.	0.09%	4,559	$671K	Reduce -2.1%
BND Vanguard Total Bond Market	0.09%	8,951	$659K	Add +10.4%
INTC Intel Corp.	0.08%	14,124	$623K	Reduce -4.1%
IWD iShares Russell 1000 Value E	0.08%	2,848	$609K	Add +1.7%
EXPD Expeditors Intl Wash Inc.	0.08%	4,208	$603K	Reduce -2.3%
WMT Walmart Inc.	0.08%	4,836	$601K	Add +11.6%
CGIC Cap Group Intl Core Eq filed as CAPITAL GROUP INTERNATIONAL	0.08%	17,431	$577K	New
VGUS Vanguard Ultra SHRT Treasury	0.08%	7,561	$572K	Add +0.5%
SYK Stryker Corp.	0.08%	1,710	$562K	Reduce -0.9%
ADP Automatic Data Processing	0.08%	2,756	$560K	Reduce -1.4%
WFC Wells Fargo & Co.	0.08%	6,997	$557K	Reduce -2.6%
VWO Vanguard Ftse Emerging Marke	0.07%	9,660	$522K	Add +0.2%
PEP Pepsico Inc.	0.07%	3,295	$512K	Reduce -7.2%
DFSI Dimensional Int Sus COR1 ETF	0.07%	11,814	$501K	No change
PHYS Sprott Physical Gold Trust	0.07%	14,071	$499K	No change
DFNM Dimensional National Muni BD	0.07%	10,176	$488K	Reduce -4.6%
CSCO Cisco Systems Inc.	0.06%	6,112	$474K	Reduce -5.2%
PG The Procter & Gamble Co.	0.06%	3,261	$471K	Add +6.3%
AXP American Express Co.	0.06%	1,521	$460K	Add +13.7%
VUSB Vanguard Ultra Short Bond Et	0.06%	8,747	$435K	Add +1.0%
VTI VG Morningstar TS MKT ETF-US	0.06%	1,342	$431K	No change
VT Vanguard Tot World STK ETF	0.06%	3,104	$429K	Add +1.5%
MCD McDonald's Corp.	0.06%	1,368	$425K	Add +0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.06%	4,206	$405K	Add +0.8%
SCHX Schwab US Large-Cap ETF	0.05%	15,684	$402K	Reduce -1.0%
VOOG Vanguard S&P 500 Growth ETF	0.05%	966	$394K	No change
GE General Electric filed as GE AEROSPACE	0.05%	1,382	$392K	Reduce -15.1%
IEFA iShares Core MSCI Eafe ETF	0.05%	4,323	$391K	No change
ISRG Intuitive Surgical Inc.	0.05%	825	$380K	Add +7.4%
QQQ Invesco QQQ Trust Series 1	0.05%	654	$377K	Add +8.5%
AMAT Applied Materials Inc.	0.05%	1,088	$372K	Reduce -16.5%
BA The Boeing Co.	0.05%	1,787	$356K	Reduce -3.5%
DFIS Dimensional International SM	0.05%	10,332	$348K	No change
T AT&T Inc.	0.05%	11,674	$338K	Reduce -0.1%
ABBV Abbvie Inc.	0.05%	1,554	$338K	Reduce -11.8%
GS Goldman Sachs Group Inc.	0.04%	391	$331K	Add +34.8%
GEV GE Vernova Inc.	0.04%	346	$302K	Reduce -16.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.04%	677	$296K	New
SCHA Schwab US Small-Cap ETF	0.04%	9,903	$288K	No change
SCHF Schwab Intl Equity ETF	0.04%	11,512	$285K	Reduce -5.2%
BR Broadridge Financial Solutio	0.04%	1,681	$273K	New
LMT Lockheed Martin Corp.	0.04%	445	$269K	Add +0.2%
DFUS Dimensional US Eq MKT ETF	0.04%	3,724	$264K	New
NFLX Netflix Inc.	0.04%	2,745	$264K	Add +10.9%
MRK Merck & Co. Inc.	0.04%	2,184	$263K	New
DFCF Dimensional Core Fixed Inc.	0.04%	6,140	$259K	New
FTNT Fortinet Inc.	0.03%	3,137	$256K	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.03%	1,024	$248K	Reduce -22.6%
EVRG Evergy Inc.	0.03%	2,912	$239K	No change
AMGN Amgen Inc.	0.03%	656	$231K	Reduce -15.3%
VGT Vanguard Info Tech ETF	0.03%	331	$231K	Reduce -8.8%
FDX FedEx Corp.	0.03%	646	$230K	New
TXN Texas Instruments Inc.	0.03%	1,156	$224K	New
GLD SPDR Gold Shares	0.03%	513	$221K	Reduce -15.9%
C Citigroup Inc.	0.03%	1,868	$212K	New
BLK BlackRock Inc.	0.03%	217	$209K	Add +6.9%
TT Trane Technologies PLC	0.03%	492	$205K	New
CERS Cerus Corp.	0.00%	11,056	$20K	No change

Portfolio Sells Q4 2025 → Q1 2026


AAPL Apple Inc.	Reduce -6.4%	1.13%	−0.21
AVGO Broadcom Inc.	Reduce -21.1%	0.37%	−0.17
TSLA Tesla Inc.	Reduce -17.6%	0.31%	−0.16
VTES Vanguard SH Term Tax-Ex Bond	Reduce -21.7%	0.28%	−0.09
BAC Bank of America Corp.	Reduce -6.0%	0.36%	−0.09
LLY Eli Lilly & Co.	Reduce -3.2%	0.32%	−0.08
VGK Vanguard Ftse Europe ETF	Reduce -2.2%	1.02%	−0.08
VBIL Vanguard 0-3M T-Bill ETF	Reduce -11.9%	0.42%	−0.07
AVEM Avantis Emerging Markets Eq	Reduce -4.1%	2.02%	−0.06
GOOG Alphabet Inc. Class C	Reduce -8.0%	0.27%	−0.06
NVDA Nvidia Corp.	Reduce -1.6%	0.39%	−0.05
AVDE Avantis International Equity	Reduce -1.0%	2.59%	−0.04
ORCL Oracle Corp.	Reduce -2.1%	0.09%	−0.04
META Meta Platforms Inc. Class A	Reduce -1.9%	0.16%	−0.03
DOCU Docusign Inc.	Sold out	0.00%	−0.03
IVV iShares Core S&P 500 ETF	Reduce -2.2%	0.29%	−0.03
SCHW Schwab (charles) Corp.	Sold out	0.00%	−0.03
INTU Intuit Inc.	Sold out	0.00%	−0.03
AMD Advanced Micro Devices	Sold out	0.00%	−0.03
LOW Lowe's Cos Inc.	Sold out	0.00%	−0.03
VOO Vanguard S&P 500 ETF	Reduce -0.4%	0.30%	−0.03
ADP Automatic Data Processing	Reduce -1.4%	0.08%	−0.03
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -5.0%	0.17%	−0.02
IBM Intl Business Machines Corp.	Reduce -22.6%	0.03%	−0.02
IEUR iShares Core MSCI Europe ETF	Reduce -2.5%	0.29%	−0.02
WFC Wells Fargo & Co.	Reduce -2.6%	0.08%	−0.02
GE General Electric	Reduce -15.1%	0.05%	−0.02
VNQ Vanguard Real Estate ETF	Reduce -3.5%	0.20%	−0.01
DFGR Dim Global Real Estate ETF	Reduce -0.3%	0.40%	−0.01
CNOB Connectone Bancorp Inc.	Reduce -2.8%	0.28%	−0.01
SCHB Schwab US Broad Market ETF	Reduce -1.2%	0.12%	−0.01
ABBV Abbvie Inc.	Reduce -11.8%	0.05%	−0.01
SYK Stryker Corp.	Reduce -0.9%	0.08%	−0.01
EXPD Expeditors Intl Wash Inc.	Reduce -2.3%	0.08%	−0.01
BA The Boeing Co.	Reduce -3.5%	0.05%	−0.01
WSM Williams-Sonoma Inc.	Reduce -5.8%	0.09%	−0.01
VGT Vanguard Info Tech ETF	Reduce -8.8%	0.03%	−0.01
DFNM Dimensional National Muni BD	Reduce -4.6%	0.07%	−0.01
CSCO Cisco Systems Inc.	Reduce -5.2%	0.06%	−0.01
SCHX Schwab US Large-Cap ETF	Reduce -1.0%	0.05%	−0.01
VEA Vanguard Ftse Developed ETF	Reduce -2.4%	0.14%	−0.00
AMGN Amgen Inc.	Reduce -15.3%	0.03%	−0.00
GLD SPDR Gold Shares	Reduce -15.9%	0.03%	−0.00
SCHF Schwab Intl Equity ETF	Reduce -5.2%	0.04%	−0.00
PEP Pepsico Inc.	Reduce -7.2%	0.07%	−0.00
GEV GE Vernova Inc.	Reduce -16.2%	0.04%	+0.00
AMAT Applied Materials Inc.	Reduce -16.5%	0.05%	+0.00
T AT&T Inc.	Reduce -0.1%	0.05%	+0.01
JNJ Johnson & Johnson	Reduce -8.0%	0.12%	+0.01
INTC Intel Corp.	Reduce -4.1%	0.08%	+0.01

Portfolio Buys Q4 2025 → Q1 2026


AVUV Avantis US Small Cap Value	Add +3.1%	7.32%	+0.53
BNDX Vanguard Total Intl Bond ETF	Add +7.0%	6.67%	+0.18
VCRB Vanguard Core Bond ETF	Add +10.5%	3.08%	+0.18
DFIC Dimensional International Co.	Add +2.7%	5.52%	+0.12
VPLS Vanguard Core-Plus Bond ETF	Add +93.1%	0.19%	+0.09
AVSD Avantis Reps Intern Equi ETF	Add +143.2%	0.15%	+0.09
VTIP Vanguard Short-Term Tips	Add +6.2%	2.49%	+0.09
CGIC Cap Group Intl Core Eq	New	0.08%	+0.08
LECO Lincoln Electric Holdings	Add +9.6%	0.77%	+0.07
DFAR Dimensional US Real Est ETF	Add +3.4%	2.24%	+0.07
AVUS Avantis U.S. Equity ETF	Add +5.8%	4.01%	+0.06
AVSE Avantis Resp Emerg MKTS Eq-E	Add +96.3%	0.10%	+0.05
JQUA JPMorgan US Quality Factor	Add +15.2%	0.67%	+0.05
CGMU Cap Group Municipal Income	Add +44.1%	0.16%	+0.04
VUG Vanguard Mrngstar GR ETF-Sui	New	0.04%	+0.04
BR Broadridge Financial Solutio	New	0.04%	+0.04
DFUS Dimensional US Eq MKT ETF	New	0.04%	+0.04
COST Costco Wholesale Corp.	Add +8.1%	0.21%	+0.04
MRK Merck & Co. Inc.	New	0.04%	+0.04
XOM Exxon Mobil Corp.	Add +16.5%	0.10%	+0.04
DFCF Dimensional Core Fixed Inc.	New	0.04%	+0.04
FTNT Fortinet Inc.	New	0.03%	+0.03
FDX FedEx Corp.	New	0.03%	+0.03
VTEC Vanguard Ca Tax-Ex Bond	Add +18.6%	0.27%	+0.03
TXN Texas Instruments Inc.	New	0.03%	+0.03
CAT Caterpillar Inc.	Add +1.9%	0.16%	+0.03
C Citigroup Inc.	New	0.03%	+0.03
TT Trane Technologies PLC	New	0.03%	+0.03
DFSU Dimensional US Sus CORE1 ETF	Add +17.7%	0.39%	+0.03
DFSV Dimensional US Small Cap Val	Add +3.0%	0.43%	+0.02
DISV Dimensional International SM	Add +5.3%	0.41%	+0.02
IJH iShares Core S&P Midcap ETF	Add +23.9%	0.11%	+0.02
DCOR Dimensional US Core Eq 1 ETF	Add +10.0%	0.49%	+0.02
VCRM Vanguard Core Tax-Ex Bond	Add +13.8%	0.22%	+0.02
QUAL iShares MSCI USA Quality Fac	Add +12.8%	0.29%	+0.01
WMT Walmart Inc.	Add +11.6%	0.08%	+0.01
DFAE Dimensional Emerging Core Eq	Add +1.5%	0.54%	+0.01
GS Goldman Sachs Group Inc.	Add +34.8%	0.04%	+0.01
DFAT Dimensional US Target Value	Add +0.1%	0.53%	+0.01
LMT Lockheed Martin Corp.	Add +0.2%	0.04%	+0.01
BND Vanguard Total Bond Market	Add +10.4%	0.09%	+0.01
HD Home Depot Inc.	Add +12.7%	0.10%	+0.00
NFLX Netflix Inc.	Add +10.9%	0.04%	+0.00
VSDM Vanguard Short Tax-Ex Bond	Add +5.4%	0.16%	+0.00
PG The Procter & Gamble Co.	Add +6.3%	0.06%	+0.00
JPM JPMorgan Chase & Co.	Add +13.6%	0.14%	+0.00
IWD iShares Russell 1000 Value E	Add +1.7%	0.08%	−0.00
MCD McDonald's Corp.	Add +0.4%	0.06%	−0.00
QQQ Invesco QQQ Trust Series 1	Add +8.5%	0.05%	−0.00
VXUS Vanguard Total Intl Stock	Add +0.5%	0.11%	−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