Evanson Asset Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Evanson Asset Management, LLC reported 321 stock positions worth $1.8 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 8.7% of the portfolio, followed by Sprott Physical Gold Trust (PHYS, 7.6%) and Vanguard 0-3M T-Bill ETF (VBIL, 5.8%). Compared with Q2 2025, it opened 19 new positions, sold out of 21, added to 146 and reduced 75. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +29%) and the biggest sale Roundhill Ball Metaverse ETF (METV, shares −6%).

Most Recent 13F
Q1 2026
Location
CARMEL, CA
CIK
0001626379
Portfolio Value
$1.8B (Q3 2025)
SEC Filing
0001085146-25-005927 ↗ filed Oct 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.8B $1.8B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B Q1 2026

Holdings 321 stocks · $1.8B
DFAC Dimensional US Core Equity 2 8.68% 3,991,274 $153.9M Reduce -0.1%
PHYS Sprott Physical Gold Trust 7.58% 4,538,192 $134.4M Reduce -6.3%
VBIL Vanguard 0-3M T-Bill ETF 5.81% 1,361,727 $103.0M Add +29.5%
DFAS Dimensional US Small Cap ETF 4.43% 1,146,929 $78.5M Add +6.2%
AAPL Apple Inc. 4.28% 298,167 $75.9M Reduce -12.3%
DFAX Dimensional World Ex US Core 4.16% 2,350,070 $73.7M Reduce -1.5%
DFUS Dimensional US Eq MKT ETF 3.75% 917,920 $66.5M Reduce -3.0%
DFAT Dimensional US Target Value 3.60% 1,095,335 $63.8M Reduce -0.5%
DFIV Dimensional International Va 3.53% 1,356,519 $62.6M Add +4.0%
DFUV Dimensional US Marketwide Va 3.32% 1,317,812 $58.9M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 3.05% 164,793 $54.1M Add +3.3%
GOOGL Alphabet Inc. Class A 2.72% 198,146 $48.2M Reduce -0.0%
METV Roundhill Ball Metaverse ETF 2.62% 63,180 $46.4M Reduce -6.4%
GOOG Alphabet Inc. Class C 2.53% 184,214 $44.9M Add +1.4%
DFIS Dimensional International SM 2.32% 1,299,052 $41.1M Add +10.8%
DISV Dimensional International SM 2.21% 1,097,497 $39.2M Add +11.1%
DFSV Dimensional US Small Cap Val 1.71% 952,699 $30.3M Add +4.6%
VOO Vanguard S&P 500 ETF 1.52% 44,028 $27.0M Add +13.0%
DFIC Dimensional International Co. 1.45% 785,209 $25.7M Add +4.6%
DFAI Dimensional International Co. 1.16% 565,914 $20.6M Add +3.8%
VT Vanguard Tot World STK ETF 1.06% 136,398 $18.8M Add +0.2%
DFEM Dimensional Emrg MRKT Core 1.02% 562,798 $18.0M Add +6.5%
DFEV Dimensional Emrg MRKT Val 0.96% 531,974 $17.0M Add +11.6%
DFLV Dim US Large Cap Value ETF 0.89% 478,714 $15.7M Add +9.7%
MSFT Microsoft Corp. 0.83% 28,468 $14.7M Add +0.3%
NVDA Nvidia Corp. 0.82% 78,142 $14.6M Add +2.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.81% 21,493 $14.3M Reduce -0.2%
VTEB Vanguard Tax-Exempt Bond ETF 0.75% 266,067 $13.3M Reduce -10.3%
BRK.B Berkshire Hathaway Inc. Class B 0.65% 22,835 $11.5M Reduce -5.7%
DFGR Dim Global Real Estate ETF 0.64% 413,890 $11.3M Add +17.4%
AMZN Amazon.com Inc. 0.54% 43,191 $9.5M Reduce -4.9%
ALRM Alarm.com Holdings Inc. 0.51% 169,456 $9.0M Reduce -0.0%
IJS iShares S&P Small-Cap 600 Va 0.49% 78,821 $8.7M Add +1.9%
DHS Wisdomtree US High Dividend 0.45% 79,915 $8.1M Add +0.1%
VYM Vanguard High DVD Yield ETF 0.45% 57,010 $8.0M Add +2.8%
IWB iShares Russell 1000 ETF 0.41% 19,826 $7.2M Add +0.1%
DLS Wisdomtree Intl S/C DVD Fund 0.38% 83,825 $6.7M Reduce -1.3%
CSCO Cisco Systems Inc. 0.36% 92,562 $6.3M Reduce -0.3%
VXUS Vanguard Total Intl Stock 0.33% 80,039 $5.9M Add +10.7%
XLK SS Technology Select Sector 0.29% 18,269 $5.1M Add +0.1%
DFAW Dimensional World Eqty ETF 0.29% 71,475 $5.1M Add +14.3%
BSVO EA Bridgeway Omni Sm-Cp Val 0.28% 218,568 $5.0M No change
IWF iShares Russell 1000 Growth 0.27% 10,101 $4.7M Add +0.1%
VIG Vanguard Dividend Apprec ETF 0.26% 21,111 $4.6M Reduce -2.6%
ACN Accenture PLC Class A 0.26% 18,389 $4.5M Add +0.1%
VNQ Vanguard Real Estate ETF 0.25% 49,158 $4.5M Reduce -3.0%
TSLA Tesla Inc. 0.23% 9,015 $4.0M Reduce -0.7%
SLV iShares Silver Trust 0.22% 92,543 $3.9M Add +1.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.22% 12,509 $3.9M Reduce -0.5%
DTH Wisdomtree International Hig 0.22% 77,875 $3.8M Reduce -13.5%
DFAR Dimensional US Real Est ETF 0.21% 158,200 $3.8M Add +0.7%
VB Vanguard Most SM-Cap ETF-Usd 0.21% 14,721 $3.7M Reduce -2.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 18,672 $3.5M Reduce -5.5%
VSS Vanguard Ftse All Wo X-US SC 0.20% 24,279 $3.5M Add +3.3%
VEA Vanguard Ftse Developed ETF 0.19% 57,182 $3.4M Add +2.9%
DIHP Dimensional International Hi 0.19% 111,973 $3.4M Add +17.5%
VEU Vanguard Ftse All-World Ex-U 0.19% 46,477 $3.3M Add +33.5%
DES Wisdomtree US Smallcap Divid 0.19% 97,786 $3.3M Add +2.8%
DFAE Dimensional Emerging Core Eq 0.19% 104,324 $3.3M Add +51.7%
DUHP Dimensional US High Profi Et 0.19% 86,931 $3.3M Add +1.8%
EFA iShares MSCI Eafe ETF 0.18% 34,857 $3.3M Add +0.1%
IVV iShares Core S&P 500 ETF 0.18% 4,851 $3.2M Reduce -13.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.18% 15,469 $3.2M Add +0.6%
BND Vanguard Total Bond Market 0.18% 42,786 $3.2M Add +27.6%
ABCS Alpha Blue Cap US S-M DYN 0.17% 99,972 $3.0M Reduce -0.1%
IEFA iShares Core MSCI Eafe ETF 0.17% 33,564 $2.9M No change
IWD iShares Russell 1000 Value E 0.16% 14,329 $2.9M Add +0.0%
VWO Vanguard Ftse Emerging Marke 0.16% 51,459 $2.8M Add +3.4%
VPL Vanguard Ftse Pacific ETF 0.15% 30,978 $2.7M Add +2.3%
VYMI Vanguard Int High DVD YLD Inc. 0.15% 31,700 $2.7M Add +4.0%
VTES Vanguard SH Term Tax-Ex Bond 0.15% 25,793 $2.6M Add +3.6%
CVX Chevron Corp. 0.15% 16,618 $2.6M Add +4.8%
IVW iShares S&P 500 Growth ETF 0.15% 21,351 $2.6M Reduce -0.5%
VGK Vanguard Ftse Europe ETF 0.14% 31,463 $2.5M Add +2.8%
XOM Exxon Mobil Corp. 0.14% 21,820 $2.5M Add +0.4%
AVGE Avantis All Eqty Mrkts ETF 0.14% 29,211 $2.4M Add +13.6%
OKE Oneok Inc. 0.14% 33,265 $2.4M Add +0.2%
IJR iShares Core S&P Small-Cap E 0.14% 20,280 $2.4M Add +0.5%
JNJ Johnson & Johnson 0.14% 12,989 $2.4M Reduce -10.9%
DFNM Dimensional National Muni BD 0.13% 48,639 $2.3M Reduce -40.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 4,768 $2.3M Reduce -17.1%
VGT Vanguard Info Tech ETF 0.12% 2,966 $2.2M Reduce -6.4%
IWC iShares Micro-Cap ETF 0.12% 13,697 $2.0M Add +1.1%
AMD Advanced Micro Devices 0.11% 12,556 $2.0M Add +0.7%
QQQM Invesco Nasdaq 100 ETF 0.11% 8,185 $2.0M Add +0.1%
DVY iShares Select Dividend ETF 0.11% 14,059 $2.0M Add +0.1%
AVDV Avantis Intl S/C Value ETF 0.11% 21,548 $1.9M Add +6.0%
AVUV Avantis US Small Cap Value 0.11% 19,185 $1.9M Add +6.1%
SPYM Ste STR SPDR PT S&P 500 ETF 0.11% 24,069 $1.9M Add +3.9%
BSV Vanguard Short-Term Bond ETF 0.10% 23,392 $1.8M Reduce -8.7%
AVGV Avantis All Eq MKTS Val ETF 0.10% 25,781 $1.8M Add +3.1%
VFH Vanguard Financials ETF 0.10% 13,645 $1.8M Add +0.2%
IYR iShares US Real Estate ETF 0.10% 18,419 $1.8M Add +0.3%
AVDE Avantis International Equity 0.10% 22,463 $1.8M No change
SCHX Schwab US Large-Cap ETF 0.10% 66,701 $1.8M Reduce -0.5%
SCHF Schwab Intl Equity ETF 0.10% 74,607 $1.7M No change
VDE Vanguard Energy ETF 0.10% 13,782 $1.7M Add +0.1%
VCR Vanguard Consumer Discre ETF 0.10% 4,375 $1.7M Add +0.1%
SCHD Schwab US DVD Equity ETF 0.10% 61,746 $1.7M Add +1.7%
APPF Appfolio Inc. Class A 0.09% 6,000 $1.7M No change
EPD Enterprise Products Partners 0.09% 52,109 $1.6M Reduce -17.1%
XYZ Block Inc. 0.09% 22,500 $1.6M No change
SCZ iShares MSCI Eafe Small-Cap 0.09% 20,964 $1.6M Reduce -5.2%
DFCF Dimensional Core Fixed Inc. 0.09% 37,394 $1.6M Add +0.6%
RWAY Runway Growth Finance Corp. 0.09% 150,467 $1.5M No change
BRK.A Berkshire Hathaway Inc. Class A 0.09% 2 $1.5M No change
JPM JPMorgan Chase & Co. 0.08% 4,690 $1.5M Reduce -17.1%
ADBE Adobe Inc. 0.08% 4,100 $1.4M Reduce -7.5%
PG The Procter & Gamble Co. 0.08% 9,401 $1.4M Reduce -11.4%
MA Mastercard Inc. Class A 0.08% 2,513 $1.4M Add +0.4%
ORCL Oracle Corp. 0.08% 5,008 $1.4M Add +1.0%
AXP American Express Co. 0.08% 4,040 $1.3M No change
BNDX Vanguard Total Intl Bond ETF 0.07% 26,251 $1.3M Add +60.8%
EEM iShares MSCI Emerging Market 0.07% 24,127 $1.3M Add +1.0%
DXIV Dimensional Intr Vtor E ETF 0.07% 20,583 $1.3M Add +18.2%
AVUS Avantis U.S. Equity ETF 0.07% 11,596 $1.3M Add +3.7%
XLI SS Industrial Select Sector 0.07% 8,158 $1.3M Add +0.3%
DEHP Dimensional Emrg MRK Hi Prof 0.07% 40,832 $1.2M Add +0.0%
MDY State Street SPDR S&P Midcap 0.07% 2,067 $1.2M Add +0.3%
DGS Wisdomtree Em Small Cap 0.07% 21,493 $1.2M Add +0.3%
DFAU Dimensional US Core Equity M 0.07% 26,597 $1.2M Add +105.5%
IWM iShares Russell 2000 ETF 0.07% 4,936 $1.2M Reduce -3.1%
CORT Corcept Therapeutics Inc. 0.07% 14,340 $1.2M Reduce -8.8%
DEM Wisdomtree Emerging Markets 0.07% 25,553 $1.2M Add +0.9%
JPST JPMorgan Ultra-Short Income 0.07% 23,051 $1.2M Add +3.0%
INTU Intuit Inc. 0.06% 1,672 $1.1M Add +0.5%
IWN iShares Russell 2000 Value E 0.06% 6,427 $1.1M No change
SYLD Cambria Shareholder Yield Et 0.06% 16,483 $1.1M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 3,745 $1.1M Add +0.1%
GSG iShares S&P Gsci Commodity I 0.06% 47,347 $1.1M No change
VTIP Vanguard Short-Term Tips 0.06% 21,330 $1.1M Add +0.8%
SCHO Schwab Short-Term US Treas 0.06% 43,932 $1.1M Add +1.0%
IEMG iShares Core MSCI Emerging 0.06% 16,128 $1.1M No change
EFV iShares MSCI Eafe Value ETF 0.06% 15,642 $1.1M No change
SHY iShares 1-3 Year Treasury Bo 0.06% 12,768 $1.1M Add +0.7%
SPTS SS SPDR P St Term TSY ETF 0.06% 35,451 $1.0M New
AVIV Avantis Intl LRG Cap Val ETF 0.06% 15,336 $1.0M No change
IJH iShares Core S&P Midcap ETF 0.06% 15,826 $1.0M Reduce -3.8%
SCHB Schwab US Broad Market ETF 0.06% 40,135 $1.0M Add +8.9%
SCHK Schwab 1000 Index ETF 0.06% 31,442 $1.0M Add +0.0%
ABBV Abbvie Inc. 0.06% 4,320 $1.0M Reduce -25.9%
AVSC Avantis US Small Cap Equity 0.06% 17,401 $996K Add +4.5%
IVE iShares S&P 500 Value ETF 0.06% 4,798 $991K Add +1.5%
VUSB Vanguard Ultra Short Bond Et 0.05% 18,942 $947K Add +40.9%
WDAY Workday Inc. Class A 0.05% 3,783 $911K Add +30.9%
ICF iShares Select U.S. REIT ETF 0.05% 14,753 $909K Add +2.8%
TSM Taiwan Semiconductor-SP ADR 0.05% 3,244 $906K Add +0.3%
PM Philip Morris International 0.05% 5,540 $899K Reduce -0.7%
SGOV iShares 0-3 Month Treasury B 0.05% 8,756 $882K Add +53.5%
NOW ServiceNow Inc. 0.05% 954 $878K Add +13.8%
NFLX Netflix Inc. 0.05% 729 $874K No change
ENB Enbridge Inc. 0.05% 16,908 $853K Reduce -0.9%
DCOR Dimensional US Core Eq 1 ETF 0.05% 11,671 $840K Add +18.8%
MCD McDonald's Corp. 0.05% 2,739 $832K Reduce -14.1%
LLY Eli Lilly & Co. 0.05% 1,063 $811K Reduce -47.8%
WMT Walmart Inc. 0.05% 7,846 $809K Add +0.0%
AVDS Avantis Intl SM Cap Eq ETF 0.05% 11,967 $808K No change
DXUV Dimensional US Vtor Eqty ETF 0.05% 13,794 $806K Add +27.6%
PSLV Sprott Physical Silver Trust 0.04% 50,300 $790K No change
VEEV Veeva Systems Inc. Class A 0.04% 2,599 $774K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 2,679 $756K Add +0.1%
XLP SS Consumer Staples Sel Sect 0.04% 9,569 $750K Add +0.5%
VCSH Vanguard S/T Corp. Bond ETF 0.04% 9,328 $746K New
IBIT iShares Bitcoin Trust ETF 0.04% 11,465 $745K Add +17.5%
MCHI iShares MSCI China ETF 0.04% 11,282 $743K No change
VXF Vanguard Extended Market ETF 0.04% 3,518 $736K Add +3.8%
SCHG Schwab US Large-Cap Growth 0.04% 22,788 $727K Add +19.0%
DOL Wisdomtree TR DVLP Intnl-Usd 0.04% 11,609 $723K Add +0.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 26,442 $695K No change
ET Energy Transfer LP 0.04% 40,448 $694K Add +0.3%
V Visa Inc. Class A 0.04% 2,028 $692K Reduce -6.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.04% 15,993 $687K No change
AEM Agnico Eagle Mines Ltd. 0.04% 4,023 $678K No change
OKTA Okta Inc. 0.04% 7,337 $673K Add +17.5%
BBNX Beta Bionics Inc. 0.04% 33,772 $671K Reduce -12.9%
HD Home Depot Inc. 0.04% 1,629 $660K Reduce -37.9%
ZETA Zeta Global Holdings Corp. Class A 0.03% 30,612 $608K No change
COST Costco Wholesale Corp. 0.03% 654 $605K Reduce -54.8%
IHF iShares U.S. Healthcare Prov 0.03% 12,217 $603K Add +0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 6,887 $601K Add +142.2%
CAT Caterpillar Inc. 0.03% 1,250 $596K No change
QCOM Qualcomm Inc. 0.03% 3,525 $586K Reduce -1.9%
MSTR Strategy Inc. 0.03% 1,803 $581K No change
UNP Union Pacific Corp. 0.03% 2,416 $571K Add +1.1%
VPU Vanguard Utilities ETF 0.03% 2,982 $565K No change
SCHA Schwab US Small-Cap ETF 0.03% 20,221 $564K Add +0.5%
IYY iShares Dow Jones U.S. ETF 0.03% 3,415 $555K Add +0.3%
BIV Vanguard Intermediate-Term B 0.03% 7,104 $555K No change
SON Sonoco Products Co. 0.03% 2,927 $549K No change
ITOT iShares Core S&P Total U.S. 0.03% 3,771 $549K No change
ABT Abbott Laboratories 0.03% 4,064 $544K Reduce -27.0%
VNQI Vanguard GLBL Ex-US Real Est 0.03% 11,190 $534K Reduce -33.8%
IDU iShares US Utilities ETF 0.03% 4,765 $528K Add +0.1%
T AT&T Inc. 0.03% 18,648 $527K Add +116.4%
BA The Boeing Co. 0.03% 2,419 $522K Reduce -26.4%
CVLT Commvault Systems Inc. 0.03% 2,761 $521K Reduce -3.5%
IWS iShares Russell Mid-Cap Valu 0.03% 3,698 $517K Add +0.0%
DBEF Xtrackers MSCI Eafe Hedged E 0.03% 11,066 $514K No change
AVEM Avantis Emerging Markets Eq 0.03% 6,808 $511K Add +25.1%
GPI Group 1 Automotive Inc. 0.03% 1,150 $503K No change
PLTR Palantir Technologies Inc. Class A 0.03% 2,757 $503K Add +24.3%
HUBS HubSpot Inc. 0.03% 1,067 $499K New
AMGN Amgen Inc. 0.03% 1,763 $498K Reduce -2.4%
OKLO Oklo Inc. 0.03% 4,438 $495K New
DON Wisdomtree US Midcap Dividen 0.03% 9,317 $487K Add +0.6%
CYRX Cryoport Inc. 0.03% 50,000 $474K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.03% 14,066 $469K No change
BAR Graniteshares Gold Trust 0.03% 12,204 $464K No change
STT State Street Corp. 0.03% 3,975 $461K No change
KMI Kinder Morgan Inc. 0.03% 16,286 $461K Add +0.3%
AGI Alamos Gold Inc. Class A 0.03% 13,200 $460K Add +26.9%
ARKF ARK Blockchain & Fintech Inn 0.03% 8,000 $454K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 3,066 $443K Add +2.8%
SPDW Ste STR SPDR PT DW Eu ETF 0.02% 10,235 $438K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.02% 1,467 $437K Reduce -20.4%
ADP Automatic Data Processing 0.02% 1,483 $435K Add +1.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.02% 2,490 $435K Add +0.3%
INFL Horizon Kinetics Infl Benef 0.02% 9,553 $427K Add +0.2%
PDBC Invesco Optimum Yield Divers 0.02% 31,573 $424K No change
MO Altria Group Inc. 0.02% 6,362 $420K Add +0.3%
VCRM Vanguard Core Tax-Ex Bond 0.02% 5,572 $419K New
VCIT Vanguard Int-Term Corporate 0.02% 4,959 $417K Add +0.6%
TIP iShares Tips Bond ETF 0.02% 3,694 $411K Add +0.2%
WTW Willis Towers Watson PLC 0.02% 1,176 $406K Reduce -25.4%
ASML ASML Holding NV-NY Reg SHS 0.02% 419 $406K No change
PYPL PayPal Holdings Inc. 0.02% 5,923 $397K Reduce -40.7%
APPN Appian Corp. Class A 0.02% 12,943 $396K No change
EFG iShares MSCI Eafe Growth ETF 0.02% 3,429 $391K No change
BL Blackline Inc. 0.02% 7,350 $390K No change
INTC Intel Corp. 0.02% 11,526 $387K Add +0.1%
ESNT Essent Group Ltd. 0.02% 5,934 $377K No change
WELL Welltower Inc. 0.02% 2,003 $357K Add +0.3%
IEUR iShares Core MSCI Europe ETF 0.02% 5,217 $355K No change
SMH Vaneck Semiconductor ETF 0.02% 1,080 $352K No change
SPOT Spotify Technology SA 0.02% 494 $345K No change
STPZ PIMCO 1-5 Year US Tips Index 0.02% 6,306 $342K No change
BSCS Invesco Bulletshares 2028 CB 0.02% 16,581 $341K New
PFE Pfizer Inc. 0.02% 13,172 $336K Reduce -10.9%
HEFA Isha Curr Hedged MSCI Eafe 0.02% 8,371 $332K Add +1.7%
SCHV Schwab US Large-Cap Value 0.02% 11,316 $329K Add +0.1%
DUSB Dimension Ultrashort Fi ETF 0.02% 6,479 $329K Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,866 $328K Reduce -2.5%
ILCG iShares Morningstar Growth E 0.02% 3,100 $323K No change
MRK Merck & Co. Inc. 0.02% 3,813 $320K Add +4.3%
DXYZ Destiny TECH100 Inc. 0.02% 15,000 $320K No change
NEE Nextera Energy Inc. 0.02% 4,219 $318K Add +3.9%
PH Parker Hannifin Corp. 0.02% 414 $314K No change
SPYX SS SPDR S&P 500 Foss FL ETF 0.02% 5,648 $310K No change
EEMV iShares MSCI Emg MKT Min Vol 0.02% 4,844 $309K No change
UNH Unitedhealth Group Inc. 0.02% 891 $308K Reduce -16.3%
XLE SS Energy Select Sector 0.02% 3,408 $304K Add +0.2%
FLOT iShares Floating Rate Bond E 0.02% 5,935 $303K Add +1.3%
GD General Dynamics Corp. 0.02% 887 $302K Reduce -44.1%
AIQ Global X Art Intel & Tech 0.02% 6,113 $302K New
VONG Vanguard Russell 1000 Growth 0.02% 2,462 $297K No change
RWO State Street SPDR Dow Jones 0.02% 6,467 $296K No change
LOW Lowe's Cos Inc. 0.02% 1,176 $295K No change
BMVP Invesco Bloomberg MVP Multi- 0.02% 6,021 $295K No change
AVSD Avantis Reps Intern Equi ETF 0.02% 4,073 $291K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 8,464 $291K No change
CET Central Securities Corp. 0.02% 5,653 $290K No change
FCX Freeport-McMoran Inc. 0.02% 7,400 $290K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 583 $286K Reduce -18.1%
XLB SS Materials Select Sector 0.02% 3,171 $284K Add +0.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.02% 5,353 $284K Add +1.0%
SCHR Schwab Intermediate-Term US 0.02% 11,203 $282K Add +1.0%
MELI MercadoLibre Inc. 0.02% 120 $280K Reduce -3.2%
VHT Vanguard Health Care ETF 0.02% 1,061 $275K Add +1.7%
NEM Newmont Corp. 0.02% 3,249 $274K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.02% 932 $274K Reduce -1.7%
WTAI Wisdomtree AI and Innovation 0.02% 9,565 $273K New
SPYG SS SPDR P S&P 500 Growth ETF 0.02% 2,604 $272K No change
IWV iShares Russell 3000 ETF 0.02% 716 $271K Reduce -49.1%
IGIB iShares 5-10Y Inv Grade Corp. 0.02% 5,016 $271K Reduce -0.5%
VZ Verizon Communications Inc. 0.02% 6,153 $270K Reduce -33.9%
PNC PNC Financial Services Group 0.02% 1,334 $268K No change
SO The Southern Co. 0.01% 2,779 $263K No change
COP Conocophillips 0.01% 2,768 $262K No change
AVRE Avantis Real Estate ETF 0.01% 5,825 $259K Add +1.2%
IBHH iShares Ibonds 2028 TM HY Inc. 0.01% 10,732 $256K New
BSJS Invesco Bulletshares 2028 HY 0.01% 11,588 $256K New
IBDT iShares Ibonds Dec 2028 ETF 0.01% 10,025 $256K New
BKNG Booking Holdings Inc. 0.01% 47 $254K Reduce -4.1%
XSVM Invesco S&P Smallcap Value W 0.01% 4,455 $252K No change
GS Goldman Sachs Group Inc. 0.01% 314 $250K No change
NSC Norfolk Southern Corp. 0.01% 829 $249K No change
IMCG iShares Morningstar Mid-Cap 0.01% 3,000 $248K No change
MUB iShares National Muni Bond E 0.01% 2,325 $248K Add +0.8%
AVLV Avantis US Large Cap Value 0.01% 3,400 $246K Add +1.5%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.01% 5,839 $245K New
XAR SS SPDR S&P Aerospace Def 0.01% 1,040 $244K Add +0.2%
CL Colgate-Palmolive Co. 0.01% 2,968 $237K No change
IWP iShares Russell Mid-Cap Grow 0.01% 1,662 $237K No change
QBTS D-Wave Quantum Inc. 0.01% 9,484 $234K New
SCHC Schwab Intl Small-Cap Equity 0.01% 5,119 $233K No change
SCHP Schwab U.S. Tips ETF 0.01% 8,613 $232K New
STIP iShares 0-5 Year Tips Bond E 0.01% 2,241 $232K No change
IYW iShares Ustechnology ETF 0.01% 1,180 $231K No change
ILCB iShares Morningstar U.S. Equ 0.01% 2,500 $231K No change
PEP Pepsico Inc. 0.01% 1,629 $229K Reduce -32.0%
CMG Chipotle Mexican Grill Inc. 0.01% 5,763 $226K Add +6.5%
ISRG Intuitive Surgical Inc. 0.01% 503 $225K No change
DE Deere & Co. 0.01% 491 $225K Add +2.7%
AEP American Electric Power 0.01% 1,995 $224K No change
PANW Palo Alto Networks Inc. 0.01% 1,090 $222K Add +8.3%
ED Consolidated Edison Inc. 0.01% 2,200 $221K Reduce -2.7%
TMO Thermo Fisher Scientific Inc. 0.01% 450 $218K New
MDB Mongodb Inc. 0.01% 687 $213K New
BN Brookfield Corp. 0.01% 3,106 $213K Reduce -53.8%
CRM Salesforce Inc. 0.01% 896 $212K Reduce -2.7%
IDV iShares International Select 0.01% 5,776 $211K New
SHW The Sherwin-Williams Co. 0.01% 605 $209K Reduce -9.8%
AVES Avantis Emerging Markets Val 0.01% 3,557 $204K New
CARR Carrier Global Corp. 0.01% 3,392 $203K Reduce -8.0%
COMP Compass Inc. Class A 0.01% 19,500 $157K No change
KRP Kimbell Royalty Partners LP 0.01% 11,421 $154K Add +5.7%
AAL American Airlines Group Inc. 0.01% 12,739 $143K Add +14.9%
NGD New Gold Inc. 0.01% 18,584 $133K No change
PBI Pitney Bowes Inc. 0.01% 11,135 $127K Add +0.6%
RWT Redwood Trust Inc. 0.00% 14,000 $81K No change
BARK Bark Inc. 0.00% 23,000 $19K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $630K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 251$321KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 250$309KNo change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q2 2025 → Q3 2025
METV Roundhill Ball Metaverse ETF Reduce -6.4% 2.62% −0.48
DFAC Dimensional US Core Equity 2 Reduce -0.1% 8.68% −0.22
DFAX Dimensional World Ex US Core Reduce -1.5% 4.16% −0.19
DFUS Dimensional US Eq MKT ETF Reduce -3.0% 3.75% −0.19
DFUV Dimensional US Marketwide Va Reduce -0.5% 3.32% −0.16
VTEB Vanguard Tax-Exempt Bond ETF Reduce -10.3% 0.75% −0.15
DFNM Dimensional National Muni BD Reduce -40.5% 0.13% −0.11
DFAT Dimensional US Target Value Reduce -0.5% 3.60% −0.09
ALRM Alarm.com Holdings Inc. Reduce -0.0% 0.51% −0.09
AMZN Amazon.com Inc. Reduce -4.9% 0.54% −0.08
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.7% 0.65% −0.08
IGV iShares Expanded Tech-Softwa Sold out 0.00% −0.08
PFF iShares Preferred & Income S Sold out 0.00% −0.07
PFXF Vaneck Pref Sec X-Financials Sold out 0.00% −0.06
COST Costco Wholesale Corp. Reduce -54.8% 0.03% −0.05
AAPL Apple Inc. Reduce -12.3% 4.28% −0.05
LLY Eli Lilly & Co. Reduce -47.8% 0.05% −0.05
PHYS Sprott Physical Gold Trust Reduce -6.3% 7.58% −0.05
FMDE Fidelity Enhanced Mid Cap Co. Sold out 0.00% −0.05
DTH Wisdomtree International Hig Reduce -13.5% 0.22% −0.04
CSCO Cisco Systems Inc. Reduce -0.3% 0.36% −0.04
ARCC Ares Capital Corp. Sold out 0.00% −0.04
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.03
IVV iShares Core S&P 500 ETF Reduce -13.3% 0.18% −0.03
SMR Nuscale Power Corp. Sold out 0.00% −0.03
MGNI Magnite Inc. Sold out 0.00% −0.03
EPD Enterprise Products Partners Reduce -17.1% 0.09% −0.03
SBUX Starbucks Corp. Sold out 0.00% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -17.1% 0.13% −0.03
VNQ Vanguard Real Estate ETF Reduce -3.0% 0.25% −0.03
ADBE Adobe Inc. Reduce -7.5% 0.08% −0.03
PYPL PayPal Holdings Inc. Reduce -40.7% 0.02% −0.02
PG The Procter & Gamble Co. Reduce -11.4% 0.08% −0.02
HD Home Depot Inc. Reduce -37.9% 0.04% −0.02
KO The Coca-Cola Co. Sold out 0.00% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -8.7% 0.10% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Reduce -5.5% 0.20% −0.02
DLS Wisdomtree Intl S/C DVD Fund Reduce -1.3% 0.38% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.2% 0.81% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -2.6% 0.26% −0.02
JPM JPMorgan Chase & Co. Reduce -17.1% 0.08% −0.02
VNQI Vanguard GLBL Ex-US Real Est Reduce -33.8% 0.03% −0.02
PAYX Paychex Inc. Sold out 0.00% −0.02
SYY Sysco Corp. Sold out 0.00% −0.02
ABT Abbott Laboratories Reduce -27.0% 0.03% −0.02
IWV iShares Russell 3000 ETF Reduce -49.1% 0.02% −0.02
PDI PIMCO Dynamic Income Fund Sold out 0.00% −0.02
HIO Western Asset Hi Inc. Opport Sold out 0.00% −0.02
GHY Pgim Global High Yield Fund Sold out 0.00% −0.01
IUSV iShares Core S&P U.S. Value Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
VBIL Vanguard 0-3M T-Bill ETF Add +29.5% 5.81% +0.87
GOOG Alphabet Inc. Class C Add +1.4% 2.53% +0.53
DISV Dimensional International SM Add +11.1% 2.21% +0.19
DFAS Dimensional US Small Cap ETF Add +6.2% 4.43% +0.15
VOO Vanguard S&P 500 ETF Add +13.0% 1.52% +0.14
DFIS Dimensional International SM Add +10.8% 2.32% +0.14
NVDA Nvidia Corp. Add +2.0% 0.82% +0.07
DFEV Dimensional Emrg MRKT Val Add +11.6% 0.96% +0.07
DFAE Dimensional Emerging Core Eq Add +51.7% 0.19% +0.06
SPTS SS SPDR P St Term TSY ETF New 0.06% +0.06
DFIV Dimensional International Va Add +4.0% 3.53% +0.06
DFGR Dim Global Real Estate ETF Add +17.4% 0.64% +0.05
DFLV Dim US Large Cap Value ETF Add +9.7% 0.89% +0.05
DFSV Dimensional US Small Cap Val Add +4.6% 1.71% +0.05
DFEM Dimensional Emrg MRKT Core Add +6.5% 1.02% +0.04
VCSH Vanguard S/T Corp. Bond ETF New 0.04% +0.04
VEU Vanguard Ftse All-World Ex-U Add +33.5% 0.19% +0.04
VTI VG Morningstar TS MKT ETF-US Add +3.3% 3.05% +0.04
SLV iShares Silver Trust Add +1.6% 0.22% +0.04
DFAU Dimensional US Core Equity M Add +105.5% 0.07% +0.03
DFAW Dimensional World Eqty ETF Add +14.3% 0.29% +0.03
HUBS HubSpot Inc. New 0.03% +0.03
OKLO Oklo Inc. New 0.03% +0.03
BND Vanguard Total Bond Market Add +27.6% 0.18% +0.03
VCRM Vanguard Core Tax-Ex Bond New 0.02% +0.02
BNDX Vanguard Total Intl Bond ETF Add +60.8% 0.07% +0.02
VXUS Vanguard Total Intl Stock Add +10.7% 0.33% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +142.2% 0.03% +0.02
BSCS Invesco Bulletshares 2028 CB New 0.02% +0.02
DIHP Dimensional International Hi Add +17.5% 0.19% +0.02
AIQ Global X Art Intel & Tech New 0.02% +0.02
NEM Newmont Corp. New 0.02% +0.02
WTAI Wisdomtree AI and Innovation New 0.02% +0.02
BSJS Invesco Bulletshares 2028 HY New 0.01% +0.01
IBDT iShares Ibonds Dec 2028 ETF New 0.01% +0.01
IBHH iShares Ibonds 2028 TM HY Inc. New 0.01% +0.01
T AT&T Inc. Add +116.4% 0.03% +0.01
SGOV iShares 0-3 Month Treasury B Add +53.5% 0.05% +0.01
CGDV Cap Group Dividend Value New 0.01% +0.01
AVGE Avantis All Eqty Mrkts ETF Add +13.6% 0.14% +0.01
QBTS D-Wave Quantum Inc. New 0.01% +0.01
IJS iShares S&P Small-Cap 600 Va Add +1.9% 0.49% +0.01
SCHP Schwab U.S. Tips ETF New 0.01% +0.01
TMO Thermo Fisher Scientific Inc. New 0.01% +0.01
ORCL Oracle Corp. Add +1.0% 0.08% +0.01
MDB Mongodb Inc. New 0.01% +0.01
IDV iShares International Select New 0.01% +0.01
VUSB Vanguard Ultra Short Bond Et Add +40.9% 0.05% +0.01
AVES Avantis Emerging Markets Val New 0.01% +0.01
PLTR Palantir Technologies Inc. Class A Add +24.3% 0.03% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 319$1.9BDFAC, VBIL, PHYS, DFAS, DFAX
Q4 2025 324$1.9BDFAC, VBIL, PHYS, DFAS, DFAX
Q3 2025 321$1.8BDFAC, PHYS, VBIL, DFAS, AAPL
Q2 2025 323$1.6BDFAC, PHYS, VBIL, DFAX, AAPL
Q1 2025 305$1.4BDFAC, PHYS, AAPL, DFAS, DFAX
Q4 2024 305$1.5BDFAC, PHYS, AAPL, DFAS, DFAX
Q3 2024 303$1.4BDFAC, PHYS, AAPL, DFAX, DFAS
Q2 2024 297$1.4BDFAC, PHYS, AAPL, DFAX, METV
Q1 2024 305$1.3BDFAC, PHYS, AAPL, DFAX, DFAT