Burton Enright Welch

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), Burton Enright Welch reported 136 stock positions worth $851.5 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 20.7% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 7.4%) and Avantis Intl S/C Value ETF (AVDV, 6.7%). Compared with Q1 2026, it opened 7 new positions, sold out of 5, added to 59 and reduced 61. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +6%) and the biggest sale Avantis Intl S/C Value ETF (AVDV, shares −1%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0002105919
Portfolio Value
$851.5M (Q2 2026)
SEC Filing
0002105919-26-000020 ↗ filed Jul 17, 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 Q2 2025 Q3 2025: $662.4M Q3 2025 Q4 2025: $710.5M Q4 2025 Q1 2026: $735.5M Q1 2026 Q2 2026: $851.5M $851.5M Q2 2026

Holdings 136 stocks · $851.5M
DFAC Dimensional US Core Equity 2 20.72% 3,976,632 $176.4M Add +6.2%
AVUV Avantis US Small Cap Value 7.44% 507,991 $63.4M Add +4.2%
AVDV Avantis Intl S/C Value ETF 6.71% 554,449 $57.1M Reduce -0.5%
BNDX Vanguard Total Intl Bond ETF 6.68% 1,174,634 $56.9M Add +15.0%
DUHP Dimensional US High Profi Et 5.86% 1,194,965 $49.9M Add +7.3%
DFIC Dimensional International Co. 5.42% 1,238,480 $46.1M Add +8.4%
DFEM Dimensional Emrg MRKT Core 5.12% 1,073,188 $43.6M Add +4.0%
AVUS Avantis U.S. Equity ETF 3.99% 265,570 $34.0M Add +0.0%
VCRB Vanguard Core Bond ETF 3.36% 370,543 $28.6M Add +26.6%
VTIP Vanguard Short-Term Tips 2.49% 422,683 $21.2M Add +15.2%
AVDE Avantis International Equity 2.31% 220,226 $19.6M Reduce -1.8%
DFAR Dimensional US Real Est ETF 2.31% 750,411 $19.6M Add +7.5%
AVEM Avantis Emerging Markets Eq 1.94% 171,345 $16.5M Reduce -6.9%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.81% 445,713 $15.4M Add +27.9%
CVX Chevron Corp. 1.54% 79,217 $13.1M Reduce -1.8%
AAPL Apple Inc. 1.15% 33,722 $9.8M Add +2.7%
MCK McKesson Corp. 1.04% 11,745 $8.9M Reduce -2.6%
VGK Vanguard Ftse Europe ETF 0.91% 87,560 $7.8M Reduce -3.9%
NVDA Nvidia Corp. 0.72% 30,449 $6.1M Add +83.8%
LECO Lincoln Electric Holdings 0.71% 22,764 $6.0M No change
JQUA JPMorgan US Quality Factor 0.68% 80,157 $5.8M Reduce -0.9%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.62% 142,416 $5.2M Reduce -3.8%
VBIL Vanguard 0-3M T-Bill ETF 0.56% 63,128 $4.8M Add +53.2%
DFAE Dimensional Emerging Core Eq 0.54% 114,926 $4.6M Reduce -1.2%
DFAT Dimensional US Target Value 0.50% 60,666 $4.2M Reduce -2.6%
DFAU Dimensional US Core Equity M 0.48% 79,505 $4.1M Reduce -7.7%
DCOR Dimensional US Core Eq 1 ETF 0.46% 47,278 $3.9M Reduce -4.7%
DFSV Dimensional US Small Cap Val 0.41% 89,295 $3.5M Add +0.0%
AVGO Broadcom Inc. 0.40% 8,923 $3.4M Add +1.1%
DFSU Dimensional US Sus CORE1 ETF 0.37% 67,495 $3.1M Reduce -4.0%
AMZN Amazon.com Inc. 0.37% 13,140 $3.1M Add +3.5%
DFGR Dim Global Real Estate ETF 0.37% 107,587 $3.1M Reduce -3.1%
MSFT Microsoft Corp. 0.36% 8,319 $3.1M Reduce -1.3%
VTES Vanguard SH Term Tax-Ex Bond 0.36% 30,543 $3.1M Add +50.0%
DISV Dimensional International SM 0.36% 76,398 $3.1M Reduce -0.5%
BAC Bank of America Corp. 0.36% 53,573 $3.1M Reduce -0.6%
VOO Vanguard S&P 500 ETF 0.32% 3,967 $2.7M Add +6.8%
GOOGL Alphabet Inc. Class A 0.32% 7,591 $2.7M Reduce -9.2%
VTEC Vanguard Ca Tax-Ex Bond 0.31% 26,470 $2.7M Add +33.5%
TSLA Tesla Inc. 0.31% 6,287 $2.6M Add +1.6%
CNOB Connectone Bancorp Inc. 0.30% 77,504 $2.6M Add +0.1%
DFAI Dimensional International Co. 0.30% 62,583 $2.6M Reduce -0.5%
GOOG Alphabet Inc. Class C 0.29% 6,995 $2.5M Add +1.9%
QUAL iShares MSCI USA Quality Fac 0.28% 11,028 $2.4M Add +0.1%
IVV iShares Core S&P 500 ETF 0.28% 3,223 $2.4M Reduce -0.4%
LLY Eli Lilly & Co. 0.28% 1,977 $2.4M Reduce -21.9%
IEUR iShares Core MSCI Europe ETF 0.26% 28,911 $2.2M Reduce -3.9%
INTC Intel Corp. 0.24% 14,349 $2.0M Add +1.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 2,498 $1.9M Add +27.5%
VCRM Vanguard Core Tax-Ex Bond 0.21% 23,346 $1.8M Add +9.1%
VPLS Vanguard Core-Plus Bond ETF 0.21% 22,661 $1.8M Add +23.5%
AVSU Avantis Resp US Equity ETF 0.20% 19,135 $1.7M Reduce -1.2%
VSDM Vanguard Short Tax-Ex Bond 0.19% 21,387 $1.6M Add +38.0%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 3,235 $1.6M Add +1.3%
CAT Caterpillar Inc. 0.19% 1,496 $1.6M Reduce -10.5%
CGMU Cap Group Municipal Income 0.19% 57,966 $1.6M Add +33.0%
VXF Vanguard Extended Market ETF 0.18% 6,360 $1.6M No change
VNQ Vanguard Real Estate ETF 0.17% 15,157 $1.5M Reduce -9.5%
META Meta Platforms Inc. Class A 0.16% 2,456 $1.4M Add +19.5%
COST Costco Wholesale Corp. 0.16% 1,444 $1.4M Reduce -6.5%
V Visa Inc. Class A 0.15% 3,797 $1.3M Reduce -8.2%
DFSE Dimensional Em Sus CORE1 ETF 0.15% 25,287 $1.2M Reduce -5.7%
AVSD Avantis Reps Intern Equi ETF 0.14% 15,190 $1.2M Reduce -0.0%
CGSM Cap Group Short Muni Income 0.14% 44,124 $1.2M Add +1.8%
VEA Vanguard Ftse Developed ETF 0.14% 16,179 $1.2M Reduce -1.6%
SCHB Schwab US Broad Market ETF 0.12% 35,105 $1.0M Reduce -0.1%
DFCA Dimensional Calfornia MB ETF 0.12% 19,841 $996K Add +8.2%
AVSE Avantis Resp Emerg MKTS Eq-E 0.11% 11,335 $928K Reduce -2.1%
JNJ Johnson & Johnson 0.10% 3,518 $893K Reduce -5.9%
JPM JPMorgan Chase & Co. 0.10% 2,713 $888K Reduce -21.2%
VXUS Vanguard Total Intl Stock 0.10% 10,239 $875K Reduce -0.4%
IWF iShares Russell 1000 Growth 0.10% 7,036 $874K Reduce -1.2%
WSM Williams-Sonoma Inc. 0.10% 3,612 $842K Reduce -5.3%
CDNS Cadence Design SYS Inc. 0.10% 2,225 $835K Reduce -12.6%
IJH iShares Core S&P Midcap ETF 0.08% 9,345 $721K Reduce -19.2%
CSCO Cisco Systems Inc. 0.08% 6,123 $719K Add +0.2%
HD Home Depot Inc. 0.08% 2,004 $707K Reduce -10.1%
EXPD Expeditors Intl Wash Inc. 0.08% 4,211 $686K Add +0.1%
IWD iShares Russell 1000 Value E 0.08% 2,801 $679K Reduce -1.6%
VGUS Vanguard Ultra SHRT Treasury 0.08% 8,945 $677K Add +18.3%
ORCL Oracle Corp. 0.08% 4,596 $674K Add +0.8%
FTNT Fortinet Inc. 0.08% 4,264 $655K Add +35.9%
CGIC Cap Group Intl Core Eq filed as CAPITAL GROUP INTERNATIONAL 0.07% 17,431 $634K No change
WFC Wells Fargo & Co. 0.07% 7,601 $628K Add +8.6%
ADP Automatic Data Processing 0.07% 2,755 $617K Reduce -0.0%
AMD Advanced Micro Devices 0.07% 986 $573K New
VTI VG Morningstar TS MKT ETF-US 0.07% 1,531 $566K Add +14.1%
BND Vanguard Total Bond Market 0.06% 7,530 $553K Reduce -15.9%
VWO Vanguard Ftse Emerging Marke 0.06% 9,232 $551K Reduce -4.4%
GE General Electric filed as GE AEROSPACE 0.06% 1,471 $550K Add +6.4%
AMAT Applied Materials Inc. 0.06% 759 $549K Reduce -30.2%
SYK Stryker Corp. 0.06% 1,734 $546K Add +1.4%
DFSI Dimensional Int Sus COR1 ETF 0.06% 11,816 $533K Add +0.0%
DFNM Dimensional National Muni BD 0.06% 10,525 $509K Add +3.4%
VT Vanguard Tot World STK ETF 0.06% 3,189 $501K Add +2.7%
XOM Exxon Mobil Corp. 0.06% 3,636 $497K Reduce -12.4%
VOOG Vanguard S&P 500 Growth ETF 0.06% 5,891 $487K Add +1.6%
SCHX Schwab US Large-Cap ETF 0.05% 15,684 $462K No change
GEV GE Vernova Inc. 0.05% 392 $461K Add +13.3%
PG The Procter & Gamble Co. 0.05% 3,035 $445K Reduce -6.9%
QQQ Invesco QQQ Trust Series 1 0.05% 604 $444K Reduce -7.7%
WMT Walmart Inc. 0.05% 3,889 $440K Reduce -19.6%
AXP American Express Co. 0.05% 1,261 $427K Reduce -17.1%
PHYS Sprott Physical Gold Trust 0.05% 14,071 $425K No change
VUSB Vanguard Ultra Short Bond Et 0.05% 8,475 $422K Reduce -3.1%
PEP Pepsico Inc. 0.05% 3,115 $422K Reduce -5.5%
IEFA iShares Core MSCI Eafe ETF 0.05% 4,323 $418K No change
VGSH Vanguard Short-Term Treasury 0.05% 7,138 $415K New
BA The Boeing Co. 0.05% 1,896 $410K Add +6.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 4,089 $394K Reduce -2.8%
MU Micron Technology Inc. 0.05% 333 $384K New
TXN Texas Instruments Inc. 0.04% 1,227 $366K Add +6.1%
ABBV Abbvie Inc. 0.04% 1,452 $365K Reduce -6.6%
DFIS Dimensional International SM 0.04% 10,332 $362K No change
SCHA Schwab US Small-Cap ETF 0.04% 9,903 $358K No change
MCD McDonald's Corp. 0.04% 1,315 $356K Reduce -3.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,190 $335K Add +16.2%
IVZ Invesco Ltd. 0.04% 12,265 $324K New
SCHF Schwab Intl Equity ETF 0.04% 11,504 $319K Reduce -0.1%
VGT Vanguard Info Tech ETF 0.04% 2,646 $316K No change
DFUS Dimensional US Eq MKT ETF 0.04% 3,700 $303K Reduce -0.6%
ISRG Intuitive Surgical Inc. 0.04% 752 $299K Reduce -8.8%
GS Goldman Sachs Group Inc. 0.03% 293 $296K Reduce -25.1%
VSDB Vanguard Short Dur Bond ETF 0.03% 3,596 $275K New
DFCF Dimensional Core Fixed Inc. 0.03% 6,217 $262K Add +1.3%
EVRG Evergy Inc. 0.03% 2,932 $253K Add +0.7%
AMGN Amgen Inc. 0.03% 663 $240K Add +1.1%
LMT Lockheed Martin Corp. 0.03% 468 $238K Add +5.2%
BLK BlackRock Inc. 0.03% 245 $236K Add +12.9%
GLD SPDR Gold Shares 0.03% 633 $233K Add +23.4%
BR Broadridge Financial Solutio 0.03% 1,695 $232K Add +0.8%
MS Morgan Stanley 0.03% 1,100 $230K New
MRK Merck & Co. Inc. 0.03% 1,782 $229K Reduce -18.4%
T AT&T Inc. 0.03% 10,849 $225K Reduce -7.1%
FDX FedEx Corp. 0.02% 653 $204K Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 2,516 $203K New

Portfolio Sells Q1 2026 → Q2 2026
AVDV Avantis Intl S/C Value ETF Reduce -0.5% 6.71% −0.86
CVX Chevron Corp. Reduce -1.8% 1.54% −0.73
MCK McKesson Corp. Reduce -2.6% 1.04% −0.38
AVDE Avantis International Equity Reduce -1.8% 2.31% −0.28
VGK Vanguard Ftse Europe ETF Reduce -3.9% 0.91% −0.11
AVEM Avantis Emerging Markets Eq Reduce -6.9% 1.94% −0.07
CGIE Cap Group Intl Equity Reduce -3.8% 0.62% −0.07
MSFT Microsoft Corp. Reduce -1.3% 0.36% −0.06
DISV Dimensional International SM Reduce -0.5% 0.36% −0.05
COST Costco Wholesale Corp. Reduce -6.5% 0.16% −0.05
DFAU Dimensional US Core Equity M Reduce -7.7% 0.48% −0.05
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.04
LLY Eli Lilly & Co. Reduce -21.9% 0.28% −0.04
XOM Exxon Mobil Corp. Reduce -12.4% 0.06% −0.04
NFLX Netflix Inc. Sold out 0.00% −0.04
DFGR Dim Global Real Estate ETF Reduce -3.1% 0.37% −0.04
JPM JPMorgan Chase & Co. Reduce -21.2% 0.10% −0.03
IEUR iShares Core MSCI Europe ETF Reduce -3.9% 0.26% −0.03
DFAT Dimensional US Target Value Reduce -2.6% 0.50% −0.03
DCOR Dimensional US Core Eq 1 ETF Reduce -4.7% 0.46% −0.03
VNQ Vanguard Real Estate ETF Reduce -9.5% 0.17% −0.03
WMT Walmart Inc. Reduce -19.6% 0.05% −0.03
DFAI Dimensional International Co. Reduce -0.5% 0.30% −0.03
C Citigroup Inc. Sold out 0.00% −0.03
TT Trane Technologies PLC Sold out 0.00% −0.03
BND Vanguard Total Bond Market Reduce -15.9% 0.06% −0.02
DFSU Dimensional US Sus CORE1 ETF Reduce -4.0% 0.37% −0.02
IJH iShares Core S&P Midcap ETF Reduce -19.2% 0.08% −0.02
PEP Pepsico Inc. Reduce -5.5% 0.05% −0.02
T AT&T Inc. Reduce -7.1% 0.03% −0.02
JNJ Johnson & Johnson Reduce -5.9% 0.10% −0.02
V Visa Inc. Class A Reduce -8.2% 0.15% −0.02
HD Home Depot Inc. Reduce -10.1% 0.08% −0.02
ISRG Intuitive Surgical Inc. Reduce -8.8% 0.04% −0.02
MCD McDonald's Corp. Reduce -3.9% 0.04% −0.02
AXP American Express Co. Reduce -17.1% 0.05% −0.01
PG The Procter & Gamble Co. Reduce -6.9% 0.05% −0.01
GS Goldman Sachs Group Inc. Reduce -25.1% 0.03% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -3.1% 0.05% −0.01
AVSD Avantis Reps Intern Equi ETF Reduce -0.0% 0.14% −0.01
DFSE Dimensional Em Sus CORE1 ETF Reduce -5.7% 0.15% −0.01
DIS The Walt Disney Co. Reduce -2.8% 0.05% −0.01
MRK Merck & Co. Inc. Reduce -18.4% 0.03% −0.01
GOOGL Alphabet Inc. Class A Reduce -9.2% 0.32% −0.01
VEA Vanguard Ftse Developed ETF Reduce -1.6% 0.14% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -4.4% 0.06% −0.01
VXUS Vanguard Total Intl Stock Reduce -0.4% 0.10% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.4% 0.28% −0.00
ADP Automatic Data Processing Reduce -0.0% 0.07% −0.00
ABBV Abbvie Inc. Reduce -6.6% 0.04% −0.00

Portfolio Buys Q1 2026 → Q2 2026
DFAC Dimensional US Core Equity 2 Add +6.2% 20.72% +0.94
CGXU Cap Group Intl Focus Add +27.9% 1.81% +0.42
NVDA Nvidia Corp. Add +83.8% 0.72% +0.32
DUHP Dimensional US High Profi Et Add +7.3% 5.86% +0.29
VCRB Vanguard Core Bond ETF Add +26.6% 3.36% +0.28
DFEM Dimensional Emrg MRKT Core Add +4.0% 5.12% +0.28
INTC Intel Corp. Add +1.6% 0.24% +0.15
VBIL Vanguard 0-3M T-Bill ETF Add +53.2% 0.56% +0.14
AVUV Avantis US Small Cap Value Add +4.2% 7.44% +0.12
VTES Vanguard SH Term Tax-Ex Bond Add +50.0% 0.36% +0.08
AMD Advanced Micro Devices New 0.07% +0.07
DFAR Dimensional US Real Est ETF Add +7.5% 2.31% +0.06
VGSH Vanguard Short-Term Treasury New 0.05% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +27.5% 0.22% +0.05
VTEC Vanguard Ca Tax-Ex Bond Add +33.5% 0.31% +0.05
MU Micron Technology Inc. New 0.05% +0.05
FTNT Fortinet Inc. Add +35.9% 0.08% +0.04
IVZ Invesco Ltd. New 0.04% +0.04
VSDB Vanguard Short Dur Bond ETF New 0.03% +0.03
VSDM Vanguard Short Tax-Ex Bond Add +38.0% 0.19% +0.03
MS Morgan Stanley New 0.03% +0.03
CGMU Cap Group Municipal Income Add +33.0% 0.19% +0.03
AVGO Broadcom Inc. Add +1.1% 0.40% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.02% +0.02
CNOB Connectone Bancorp Inc. Add +0.1% 0.30% +0.02
GOOG Alphabet Inc. Class C Add +1.9% 0.29% +0.02
CSCO Cisco Systems Inc. Add +0.2% 0.08% +0.02
VOO Vanguard S&P 500 ETF Add +6.8% 0.32% +0.02
GEV GE Vernova Inc. Add +13.3% 0.05% +0.01
AAPL Apple Inc. Add +2.7% 1.15% +0.01
VPLS Vanguard Core-Plus Bond ETF Add +23.5% 0.21% +0.01
TXN Texas Instruments Inc. Add +6.1% 0.04% +0.01
GE General Electric Add +6.4% 0.06% +0.01
BNDX Vanguard Total Intl Bond ETF Add +15.0% 6.68% +0.01
AMZN Amazon.com Inc. Add +3.5% 0.37% +0.01
VTI VG Morningstar TS MKT ETF-US Add +14.1% 0.07% +0.01
IBM Intl Business Machines Corp. Add +16.2% 0.04% +0.01
VOOG Vanguard S&P 500 Growth ETF Add +1.6% 0.06% +0.00
META Meta Platforms Inc. Class A Add +19.5% 0.16% +0.00
VGUS Vanguard Ultra SHRT Treasury Add +18.3% 0.08% +0.00
VTIP Vanguard Short-Term Tips Add +15.2% 2.49% +0.00
VT Vanguard Tot World STK ETF Add +2.7% 0.06% +0.00
BA The Boeing Co. Add +6.1% 0.05% −0.00
BLK BlackRock Inc. Add +12.9% 0.03% −0.00
EXPD Expeditors Intl Wash Inc. Add +0.1% 0.08% −0.00
WFC Wells Fargo & Co. Add +8.6% 0.07% −0.00
TSLA Tesla Inc. Add +1.6% 0.31% −0.00
GLD SPDR Gold Shares Add +23.4% 0.03% −0.00
EVRG Evergy Inc. Add +0.7% 0.03% −0.00
QUAL iShares MSCI USA Quality Fac Add +0.1% 0.28% −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