Financial Alternatives, Inc

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Financial Alternatives, Inc reported 87 stock positions worth $172.0 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 14.7% of the portfolio, followed by Dimensional International (DFAI, 11.0%) and Vanguard Emerg MKTS Gov BND (VWOB, 8.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 22 and reduced 23. The biggest buy was Dimensional International (DFAI, shares +4%) and the biggest sale Home Depot (HD, shares −3%).

Most Recent 13F
Q2 2026
Location
LA JOLLA, CA
CIK
0001967227
Portfolio Value
$172.0M (Q4 2025)
SEC Filing
0001967227-26-000001 ↗ filed Feb 4, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $129.3M Q1 2024 Q2 2024: $133.1M Q2 2024 Q3 2024: $142.1M Q3 2024 Q4 2024: $141.8M Q4 2024 Q1 2025: $140.3M Q1 2025 Q2 2025: $153.6M Q2 2025 Q3 2025: $165.1M Q3 2025 Q4 2025: $172.0M $172.0M Q4 2025 Q1 2026: $185.5M Q1 2026 Q2 2026: $202.9M Q2 2026

Holdings 87 stocks · $172.0M
DFAC Dimensional US Core Equity 2 14.74% 640,550 $25.4M Add +2.2%
DFAI Dimensional International Co. 11.04% 498,169 $19.0M Add +4.4%
VWOB Vanguard Emerg MKTS Gov BND 8.66% 220,994 $14.9M Add +7.3%
VTI VG Morningstar TS MKT ETF-US 6.79% 34,837 $11.7M Add +1.6%
DFAE Dimensional Emerging Core Eq 4.68% 247,232 $8.1M Add +3.0%
JEPI JPMorgan Equity Premium Inco 4.30% 129,232 $7.4M Add +6.0%
VNQ Vanguard Real Estate ETF 3.39% 65,930 $5.8M Add +6.6%
IAU iShares Gold Trust 3.21% 67,929 $5.5M Add +1.2%
EMB iShares JP Morgan Usd Emergi 3.20% 57,214 $5.5M Add +0.0%
VNQI Vanguard GLBL Ex-US Real Est 2.64% 99,170 $4.5M Add +7.9%
VUG Vanguard Mrngstar GR ETF-Sui 2.35% 8,281 $4.0M No change
DFAU Dimensional US Core Equity M 1.87% 68,785 $3.2M Reduce -2.7%
AAPL Apple Inc. 1.86% 11,768 $3.2M Reduce -15.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.78% 9,723 $3.1M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.75% 37,328 $3.0M Reduce -0.2%
DFIC Dimensional International Co. 1.29% 64,558 $2.2M No change
HD Home Depot Inc. 1.19% 5,942 $2.0M Reduce -3.2%
VONG Vanguard Russell 1000 Growth 1.10% 15,579 $1.9M Reduce -5.5%
DFEM Dimensional Emrg MRKT Core 1.09% 56,527 $1.9M Reduce -0.7%
ETJ Eaton Vance RSK-MGD Divers 0.97% 189,491 $1.7M Reduce -1.9%
BRK.A Berkshire Hathaway Inc. Class A 0.88% 2 $1.5M No change
SRE Sempra 0.83% 16,201 $1.4M Add +196.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.83% 2,095 $1.4M Add +6.7%
BRK.B Berkshire Hathaway Inc. Class B 0.82% 2,793 $1.4M No change
SPGP Invesco S&P 500 Garp ETF 0.81% 12,301 $1.4M No change
TSLA Tesla Inc. 0.77% 2,929 $1.3M No change
IJT iShares S&P Small-Cap 600 GR 0.69% 8,407 $1.2M Add +1.7%
IXUS iShares Core Intl Stock ETF 0.68% 13,822 $1.2M Reduce -0.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.67% 2,407 $1.2M No change
XOM Exxon Mobil Corp. 0.67% 9,581 $1.2M Reduce -0.5%
VEU Vanguard Ftse All-World Ex-U 0.67% 15,579 $1.1M Reduce -4.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.55% 4,489 $951K No change
IJK iShares S&P Mid-Cap 400 Grow 0.51% 9,084 $880K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.50% 2,843 $859K No change
IWP iShares Russell Mid-Cap Grow 0.49% 6,140 $841K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.45% 4,402 $781K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.42% 2,486 $721K Add +17.8%
ESGV Vanguard ESG US Stock ETF 0.41% 5,893 $713K Add +1.8%
ITOT iShares Core S&P Total U.S. 0.40% 4,610 $685K No change
IJS iShares S&P Small-Cap 600 Va 0.39% 5,970 $679K No change
DFAX Dimensional World Ex US Core 0.38% 20,083 $657K Reduce -8.1%
APH Amphenol Corp. Class A 0.38% 4,813 $650K Add +0.3%
V Visa Inc. Class A 0.37% 1,802 $632K No change
VIG Vanguard Dividend Apprec ETF 0.36% 2,828 $622K Add +0.0%
XFOFX Cohen & Steers Closed-End Op 0.34% 43,796 $578K No change
VEA Vanguard Ftse Developed ETF 0.31% 8,421 $526K Add +0.1%
IWS iShares Russell Mid-Cap Valu 0.30% 3,662 $517K No change
QCOM Qualcomm Inc. 0.29% 2,962 $507K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.29% 3,806 $501K No change
EAGG iShares ESG Aware US Aggrega 0.28% 10,188 $487K Add +31.0%
GOOGL Alphabet Inc. Class A 0.28% 1,528 $478K Reduce -6.1%
NVDA Nvidia Corp. 0.26% 2,360 $440K Reduce -5.0%
GSBD Goldman Sachs BDC Inc. 0.25% 46,982 $436K No change
EZU iShares MSCI Eurozone ETF 0.24% 6,400 $410K No change
EFA iShares MSCI Eafe ETF 0.23% 4,200 $403K No change
COST Costco Wholesale Corp. 0.23% 461 $398K Reduce -32.9%
VWO Vanguard Ftse Emerging Marke 0.23% 7,239 $389K Add +1.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.22% 2,702 $381K No change
IWR iShares Russell Mid-Cap ETF 0.21% 3,814 $367K No change
IFGL iShares International Develo 0.21% 15,362 $355K Reduce -0.3%
IVV iShares Core S&P 500 ETF 0.20% 514 $352K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.19% 803 $332K Reduce -3.0%
IWB iShares Russell 1000 ETF 0.18% 851 $318K No change
VPL Vanguard Ftse Pacific ETF 0.18% 3,458 $313K No change
IYF iShares US Financials ETF 0.18% 2,406 $310K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.18% 6,693 $307K No change
AMZN Amazon.com Inc. 0.18% 1,322 $305K Reduce -41.8%
PRF Invesco Rafi US 1000 ETF 0.18% 6,482 $304K Reduce -6.2%
ADBE Adobe Inc. 0.18% 865 $303K No change
IWD iShares Russell 1000 Value E 0.18% 1,436 $302K New
IEUS iShares MSCI Europe Small-Ca 0.17% 4,360 $299K No change
SPGI S&P Global Inc. 0.17% 548 $286K No change
VOOG Vanguard S&P 500 Growth ETF 0.16% 622 $277K Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 4,415 $243K No change
ESGE iShares Inc. iShares ESG Awar 0.13% 5,172 $228K Add +2.6%
MSFT Microsoft Corp. 0.13% 464 $224K Reduce -38.4%
IWF iShares Russell 1000 Growth 0.13% 472 $223K New
GOOG Alphabet Inc. Class C 0.13% 703 $221K Reduce -52.8%
GLD SPDR Gold Shares 0.13% 556 $220K Reduce -15.2%
VSGX Vanguard ESG Intl Stock ETF 0.13% 3,017 $216K No change
SDY SS SPDR S&P Dividend ETF 0.13% 1,549 $216K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 700 $207K New
VOO Vanguard S&P 500 ETF 0.12% 326 $205K Reduce -24.0%
JPST JPMorgan Ultra-Short Income 0.12% 4,000 $202K No change
PDI PIMCO Dynamic Income Fund 0.11% 10,437 $185K Reduce -24.8%
CGBD Carlyle Secured Lending Inc. 0.09% 11,930 $149K No change
ETW Eaton Vance T/M GLBL Buy-WR 0.07% 12,466 $115K No change

Portfolio Sells Q3 2025 → Q4 2025
HD Home Depot Inc. Reduce -3.2% 1.19% −0.32
AAPL Apple Inc. Reduce -15.1% 1.86% −0.28
COST Costco Wholesale Corp. Reduce -32.9% 0.23% −0.15
AMZN Amazon.com Inc. Reduce -41.8% 0.18% −0.12
META Meta Platforms Inc. Class A Sold out 0.00% −0.12
MSFT Microsoft Corp. Reduce -38.4% 0.13% −0.11
VONG Vanguard Russell 1000 Growth Reduce -5.5% 1.10% −0.10
GOOG Alphabet Inc. Class C Reduce -52.8% 0.13% −0.09
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -0.2% 1.75% −0.09
DFAU Dimensional US Core Equity M Reduce -2.7% 1.87% −0.09
ETJ Eaton Vance RSK-MGD Divers Reduce -1.9% 0.97% −0.08
PFN PIMCO Income Strategy FD II Sold out 0.00% −0.07
PDI PIMCO Dynamic Income Fund Reduce -24.8% 0.11% −0.06
VEU Vanguard Ftse All-World Ex-U Reduce -4.8% 0.67% −0.04
VOO Vanguard S&P 500 ETF Reduce -24.0% 0.12% −0.04
DFAX Dimensional World Ex US Core Reduce -8.1% 0.38% −0.03
NVDA Nvidia Corp. Reduce -5.0% 0.26% −0.02
DFEM Dimensional Emrg MRKT Core Reduce -0.7% 1.09% −0.02
IXUS iShares Core Intl Stock ETF Reduce -0.8% 0.68% −0.02
GLD SPDR Gold Shares Reduce -15.2% 0.13% −0.01
PRF Invesco Rafi US 1000 ETF Reduce -6.2% 0.18% −0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -3.0% 0.19% −0.01
IFGL iShares International Develo Reduce -0.3% 0.21% −0.01
XOM Exxon Mobil Corp. Reduce -0.5% 0.67% +0.01
GOOGL Alphabet Inc. Class A Reduce -6.1% 0.28% +0.04

Portfolio Buys Q3 2025 → Q4 2025
DFAI Dimensional International Co. Add +4.4% 11.04% +0.53
SRE Sempra Add +196.6% 0.83% +0.53
VWOB Vanguard Emerg MKTS Gov BND Add +7.3% 8.66% +0.32
IAU iShares Gold Trust Add +1.2% 3.21% +0.25
IWD iShares Russell 1000 Value E New 0.18% +0.18
IWF iShares Russell 1000 Growth New 0.13% +0.13
IBM Intl Business Machines Corp. New 0.12% +0.12
DFAC Dimensional US Core Equity 2 Add +2.2% 14.74% +0.10
DFAE Dimensional Emerging Core Eq Add +3.0% 4.68% +0.10
JEPI JPMorgan Equity Premium Inco Add +6.0% 4.30% +0.09
EAGG iShares ESG Aware US Aggrega Add +31.0% 0.28% +0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +17.8% 0.42% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +6.7% 0.83% +0.04
APH Amphenol Corp. Class A Add +0.3% 0.38% +0.02
VEA Vanguard Ftse Developed ETF Add +0.1% 0.31% +0.00
ESGE iShares Inc. iShares ESG Awar Add +2.6% 0.13% +0.00
ESGV Vanguard ESG US Stock ETF Add +1.8% 0.41% −0.00
VOOG Vanguard S&P 500 Growth ETF Add +0.3% 0.16% −0.00
VIG Vanguard Dividend Apprec ETF Add +0.0% 0.36% −0.01
VWO Vanguard Ftse Emerging Marke Add +1.1% 0.23% −0.01
VNQI Vanguard GLBL Ex-US Real Est Add +7.9% 2.64% −0.01
IJT iShares S&P Small-Cap 600 GR Add +1.7% 0.69% −0.02
VTI VG Morningstar TS MKT ETF-US Add +1.6% 6.79% −0.03
VNQ Vanguard Real Estate ETF Add +6.6% 3.39% −0.03
EMB iShares JP Morgan Usd Emergi Add +0.0% 3.20% −0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 84$202.9MDFAC, DFAI, VWOB, DFAE, JEPI
Q1 2026 79$185.5MDFAC, DFAI, VWOB, DFAE, JEPI
Q4 2025 87$172.0MDFAC, DFAI, VWOB, VTI, DFAE
Q3 2025 86$165.1MDFAC, DFAI, VWOB, VTI, DFAE
Q2 2025 86$153.6MDFAC, DFAI, VWOB, VTI, JEPI
Q1 2025 81$140.3MDFAC, DFAI, VWOB, VTI, JEPI
Q4 2024 81$141.8MDFAC, DFAI, VWOB, VTI, JEPI
Q3 2024 85$142.1MDFAC, DFAI, VWOB, VTI, JEPI
Q2 2024 82$133.1MDFAC, DFAI, VWOB, VTI, DFAE
Q1 2024 82$129.3MDFAC, DFAI, VWOB, VTI, JEPI