LRI Investments, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), LRI Investments, LLC reported 1,210 stock positions worth $1.0 billion. Its top holding was Ares Management Class A (ARES) at 33.7% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 7.7%) and Dimensional World Ex US Core (DFAX, 2.8%). Compared with Q4 2024, it opened 109 new positions, sold out of 50, added to 227 and reduced 307. The biggest buy was Vanguard Ftse All-World Ex-U (VEU, shares +1254%) and the biggest sale Ares Management Class A (ARES, shares −8%).

Most Recent 13F
Q2 2026
Location
PALM BEACH GARDENS, FL
CIK
0002023325
Portfolio Value
$1.0B (Q1 2025)
SEC Filing
0002023325-25-000002 ↗ filed May 1, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $396.0M Q1 2024 Q2 2024: $878.7M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.0B $1.0B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 1,210 stocks · $1.0B
ARES Ares Management Corp. Class A 33.74% 2,382,041 $349.2M Reduce -8.3%
DFAC Dimensional US Core Equity 2 7.68% 2,410,102 $79.5M Reduce -3.0%
DFAX Dimensional World Ex US Core 2.79% 1,100,527 $28.8M Add +10.8%
DFAI Dimensional International Co. 2.70% 893,680 $27.9M Reduce -0.1%
DLN Wisdomtree US Largecap Divid 2.59% 337,618 $26.8M Reduce -0.0%
VEU Vanguard Ftse All-World Ex-U 2.58% 440,358 $26.7M Add +1254.0%
AGO Assured Guaranty Ltd. 2.49% 292,429 $25.8M Reduce -0.2%
DWM Wisdomtree International Equ 2.19% 389,546 $22.7M Reduce -0.3%
DFUV Dimensional US Marketwide Va 2.11% 530,110 $21.8M Add +2268.5%
AAPL Apple Inc. 1.62% 75,437 $16.8M Reduce -1.9%
DFIV Dimensional International Va 1.38% 363,521 $14.3M Add +1332.0%
VNQ Vanguard Real Estate ETF 1.36% 155,934 $14.1M Add +11.8%
DFAS Dimensional US Small Cap ETF 1.29% 224,275 $13.4M Add +3114.9%
DLS Wisdomtree Intl S/C DVD Fund 1.29% 202,350 $13.4M No change
DISV Dimensional International SM 1.25% 445,081 $13.0M Reduce -7.9%
MSFT Microsoft Corp. 1.02% 54,351 $10.5M Reduce -1.8%
RTX RTX Corp. 0.99% 77,311 $10.2M Reduce -0.1%
AMZN Amazon.com Inc. 0.86% 67,817 $8.9M Reduce -24.8%
AVUS Avantis U.S. Equity ETF 0.75% 83,858 $7.7M Add +5384.5%
DCOR Dimensional US Core Eq 1 ETF 0.75% 125,771 $7.7M Add +630.8%
NVDA Nvidia Corp. 0.70% 66,583 $7.2M Add +0.8%
DFLV Dim US Large Cap Value ETF 0.59% 199,943 $6.1M Reduce -5.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.53% 9,766 $5.5M Add +5.0%
XOM Exxon Mobil Corp. 0.46% 40,122 $4.8M Add +6.3%
JPM JPMorgan Chase & Co. 0.42% 40,503 $4.3M Add +1.0%
META Meta Platforms Inc. Class A 0.41% 33,829 $4.2M Add +1.1%
VAW Vanguard Materials ETF 0.40% 22,129 $4.2M Add +1461.7%
BRK.B Berkshire Hathaway Inc. Class B 0.40% 7,811 $4.2M Add +2.0%
NUE Nucor Corp. 0.39% 33,781 $4.1M No change
DFGR Dim Global Real Estate ETF 0.37% 147,143 $3.9M Reduce -7.7%
KO The Coca-Cola Co. 0.37% 53,187 $3.8M Reduce -1.9%
VTI VG Morningstar TS MKT ETF-US 0.37% 13,825 $3.8M Add +22.3%
CARR Carrier Global Corp. 0.35% 57,371 $3.6M Reduce -2.4%
VDE Vanguard Energy ETF 0.34% 26,770 $3.5M Add +5956.6%
ACN Accenture PLC Class A 0.33% 10,948 $3.4M Reduce -0.0%
AVGO Broadcom Inc. 0.33% 20,226 $3.4M Reduce -5.0%
VOO Vanguard S&P 500 ETF 0.31% 6,229 $3.2M Reduce -3.6%
ABBV Abbvie Inc. 0.30% 14,919 $3.1M Reduce -0.3%
OTIS Otis Worldwide Corp. 0.29% 29,129 $3.0M Reduce -0.1%
ARTY iShares Future AI & Tech ETF 0.29% 94,115 $3.0M Add +2252.9%
AVLV Avantis US Large Cap Value 0.27% 42,375 $2.8M Add +645.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 14,491 $2.5M Add +464.5%
DFUS Dimensional US Eq MKT ETF 0.24% 40,655 $2.5M No change
GOOG Alphabet Inc. Class C 0.23% 15,507 $2.4M Reduce -1.8%
JNJ Johnson & Johnson 0.23% 14,260 $2.4M Add +11.8%
GOOGL Alphabet Inc. Class A 0.22% 53,330 $2.3M Add +0.5%
WMT Walmart Inc. 0.22% 25,815 $2.3M Reduce -4.9%
HD Home Depot Inc. 0.22% 26,307 $2.2M Reduce -1.7%
CVX Chevron Corp. 0.22% 13,336 $2.2M No change
MCD McDonald's Corp. 0.21% 7,045 $2.2M Reduce -4.8%
IMCG iShares Morningstar Mid-Cap 0.21% 29,730 $2.1M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.20% 11,727 $2.1M Reduce -20.7%
ISCG iShares Morningstar Small-Ca 0.20% 46,497 $2.1M Reduce -4.3%
V Visa Inc. Class A 0.20% 31,327 $2.1M Add +2.8%
DFAU Dimensional US Core Equity M 0.20% 53,030 $2.0M Reduce -0.5%
TLTD NT Dev Exus Ftilt ETF 0.19% 26,436 $2.0M New
VIG Vanguard Dividend Apprec ETF 0.19% 10,135 $2.0M Add +4.3%
GBDC Golub Capital BDC Inc. 0.17% 118,986 $1.8M No change
LLY Eli Lilly & Co. 0.17% 2,129 $1.8M Reduce -31.0%
IYW iShares Ustechnology ETF 0.17% 12,465 $1.8M New
ACWI iShares MSCI Acwi ETF 0.17% 14,957 $1.7M New
IMCV iShares Morningstar Mid-Cap 0.16% 22,656 $1.7M No change
HON Honeywell International Inc. 0.16% 7,934 $1.7M Reduce -10.9%
CI The Cigna Group 0.16% 5,104 $1.7M Reduce -2.7%
TRV The Travelers Cos Inc. 0.16% 6,254 $1.7M Reduce -1.7%
GCOW Pacer Global Cash Cows Divid 0.16% 44,082 $1.6M No change
PG The Procter & Gamble Co. 0.15% 9,383 $1.6M Reduce -21.8%
EPD Enterprise Products Partners 0.14% 43,728 $1.5M No change
SIGI Selective Insurance Group 0.14% 15,712 $1.4M New
LMT Lockheed Martin Corp. 0.14% 3,215 $1.4M Reduce -12.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 34,318 $1.4M Reduce -5.2%
PEP Pepsico Inc. 0.14% 9,380 $1.4M Reduce -0.8%
IWD iShares Russell 1000 Value E 0.13% 7,370 $1.4M Add +206.4%
TD Toronto-Dominion Bank 0.13% 22,961 $1.4M Reduce -0.1%
SSNC Ss&c Technologies Holdings 0.13% 16,473 $1.4M Reduce -27.1%
AVDV Avantis Intl S/C Value ETF 0.13% 19,331 $1.3M Add +1071.6%
PAPI Parametric Equity Prem Inco 0.13% 50,100 $1.3M Add +4.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.12% 24,900 $1.3M Add +8.3%
DFAR Dimensional US Real Est ETF 0.12% 54,073 $1.3M New
CAT Caterpillar Inc. 0.12% 3,841 $1.3M No change
MA Mastercard Inc. Class A 0.12% 2,310 $1.3M Reduce -1.4%
KNG FT Vest S&P 500 DVD Arst TRG 0.12% 25,000 $1.3M No change
VXUS Vanguard Total Intl Stock 0.12% 20,179 $1.3M Add +36.0%
PM Philip Morris International 0.12% 7,834 $1.2M Add +12.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 3,319 $1.2M No change
JEPI JPMorgan Equity Premium Inco 0.12% 21,507 $1.2M Reduce -1.4%
AVDE Avantis International Equity 0.12% 18,254 $1.2M Add +1562.5%
PLD Prologis Inc. 0.12% 10,714 $1.2M No change
WBS Webster Financial Corp. 0.11% 23,033 $1.2M No change
AVIV Avantis Intl LRG Cap Val ETF 0.11% 20,908 $1.2M New
JAVA JPMorgan Active Value ETF 0.11% 18,350 $1.2M Add +103.9%
MRK Merck & Co. Inc. 0.11% 12,621 $1.1M Reduce -10.8%
VSGX Vanguard ESG Intl Stock ETF 0.11% 19,192 $1.1M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 4,465 $1.1M Reduce -3.4%
MELI MercadoLibre Inc. 0.11% 567 $1.1M Add +15.2%
UNH Unitedhealth Group Inc. 0.10% 18,748 $1.1M Add +0.6%
PAVE Global X US Infrastructure 0.10% 28,657 $1.1M New
ISCV iShares Morningstar Small-Ca 0.10% 17,976 $1.1M Reduce -1.2%
DE Deere & Co. 0.10% 2,258 $1.1M Reduce -7.5%
GD General Dynamics Corp. 0.10% 3,799 $1.0M Reduce -6.7%

Show all 1,210 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $55 (not counted above)
SecurityClassShares / PrincipalValueChange
MSPRW MSP Recovery Inc. -27 *W EXP 05/20/202 17,700$55New

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q4 2024 → Q1 2025
ARES Ares Management Corp. Class A Reduce -8.3% 33.74% −9.98
TT Trane Technologies PLC Reduce -0.3% 0.01% −1.34
AMZN Amazon.com Inc. Reduce -24.8% 0.86% −0.58
DFAC Dimensional US Core Equity 2 Reduce -3.0% 7.68% −0.48
AAPL Apple Inc. Reduce -1.9% 1.62% −0.21
MSFT Microsoft Corp. Reduce -1.8% 1.02% −0.14
AVGO Broadcom Inc. Reduce -5.0% 0.33% −0.14
MTB M & T Bank Corp. Reduce -20.7% 0.20% −0.06
LLY Eli Lilly & Co. Reduce -31.0% 0.17% −0.06
GOOG Alphabet Inc. Class C Reduce -1.8% 0.23% −0.05
SDVY First Trust Smid Cap Rising Sold out 0.00% −0.05
HASI Ha Sustainable Infrastructur Sold out 0.00% −0.05
FICO Fair Isaac Corp. Reduce -79.6% 0.01% −0.04
PG The Procter & Gamble Co. Reduce -21.8% 0.15% −0.04
ANET Arista Networks Inc. Reduce -49.3% 0.02% −0.04
ACN Accenture PLC Class A Reduce -0.0% 0.33% −0.04
NOW ServiceNow Inc. Reduce -8.5% 0.08% −0.03
LMT Lockheed Martin Corp. Reduce -12.6% 0.14% −0.03
CARR Carrier Global Corp. Reduce -2.4% 0.35% −0.03
SSNC Ss&c Technologies Holdings Reduce -27.1% 0.13% −0.03
BX Blackstone Inc. Reduce -7.1% 0.10% −0.03
HON Honeywell International Inc. Reduce -10.9% 0.16% −0.03
ETN Eaton Corp. PLC Reduce -19.4% 0.06% −0.03
HD Home Depot Inc. Reduce -1.7% 0.22% −0.03
ISCG iShares Morningstar Small-Ca Reduce -4.3% 0.20% −0.03
MRK Merck & Co. Inc. Reduce -10.8% 0.11% −0.02
ADBE Adobe Inc. Reduce -13.6% 0.07% −0.02
TSM Taiwan Semiconductor-SP ADR Reduce -33.3% 0.03% −0.02
VOO Vanguard S&P 500 ETF Reduce -3.6% 0.31% −0.02
RDDT Reddit Inc. Class A Sold out 0.00% −0.02
AZPN Aspen Technology Inc. Sold out 0.00% −0.02
LII Lennox International Inc. Reduce -59.7% 0.01% −0.02
TTD Trade Desk Inc./the Class A Reduce -50.1% 0.01% −0.02
ACLS Axcelis Technologies Inc. Reduce -88.9% 0.00% −0.02
TER Teradyne Inc. Reduce -67.8% 0.00% −0.02
DHI D.R. Horton Inc. Reduce -91.6% 0.00% −0.02
AGO Assured Guaranty Ltd. Reduce -0.2% 2.49% −0.02
ORCL Oracle Corp. Reduce -4.0% 0.07% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -15.0% 0.06% −0.02
LEN Lennar Corp. Class A Reduce -29.0% 0.02% −0.02
USB US Bancorp Reduce -36.6% 0.02% −0.01
PH Parker Hannifin Corp. Reduce -32.3% 0.03% −0.01
FTDR Frontdoor Inc. Reduce -28.5% 0.01% −0.01
WMT Walmart Inc. Reduce -4.9% 0.22% −0.01
SIMO Silicon Motion Technol-ADR Reduce -88.5% 0.00% −0.01
AMP Ameriprise Financial Inc. Reduce -32.8% 0.02% −0.01
IBKR Interactive Brokers Gro Class A Reduce -46.9% 0.01% −0.01
CLX Clorox Company Reduce -45.7% 0.01% −0.01
GS Goldman Sachs Group Inc. Reduce -12.6% 0.07% −0.01
DFGR Dim Global Real Estate ETF Reduce -7.7% 0.37% −0.01

Portfolio Buys Q4 2024 → Q1 2025
VEU Vanguard Ftse All-World Ex-U Add +1254.0% 2.58% +2.40
DFUV Dimensional US Marketwide Va Add +2268.5% 2.11% +2.02
DFIV Dimensional International Va Add +1332.0% 1.38% +1.30
DFAS Dimensional US Small Cap ETF Add +3114.9% 1.29% +1.25
AVUS Avantis U.S. Equity ETF Add +5384.5% 0.75% +0.73
DCOR Dimensional US Core Eq 1 ETF Add +630.8% 0.75% +0.64
DFAX Dimensional World Ex US Core Add +10.8% 2.79% +0.44
VAW Vanguard Materials ETF Add +1461.7% 0.40% +0.38
VDE Vanguard Energy ETF Add +5956.6% 0.34% +0.33
ARTY iShares Future AI & Tech ETF Add +2252.9% 0.29% +0.27
AVLV Avantis US Large Cap Value Add +645.1% 0.27% +0.23
VTV Vanguard Mrngstr Val ETF-Aui Add +464.5% 0.24% +0.20
TLTD NT Dev Exus Ftilt ETF New 0.19% +0.19
VNQ Vanguard Real Estate ETF Add +11.8% 1.36% +0.18
IYW iShares Ustechnology ETF New 0.17% +0.17
ACWI iShares MSCI Acwi ETF New 0.17% +0.17
SIGI Selective Insurance Group New 0.14% +0.14
DFAR Dimensional US Real Est ETF New 0.12% +0.12
AVDV Avantis Intl S/C Value ETF Add +1071.6% 0.13% +0.12
AVIV Avantis Intl LRG Cap Val ETF New 0.11% +0.11
AVDE Avantis International Equity Add +1562.5% 0.12% +0.11
VSGX Vanguard ESG Intl Stock ETF New 0.11% +0.11
PAVE Global X US Infrastructure New 0.10% +0.10
AVEM Avantis Emerging Markets Eq New 0.10% +0.10
IWD iShares Russell 1000 Value E Add +206.4% 0.13% +0.09
EFV iShares MSCI Eafe Value ETF Add +1104.1% 0.10% +0.09
XOM Exxon Mobil Corp. Add +6.3% 0.46% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +2.0% 0.40% +0.07
VSS Vanguard Ftse All Wo X-US SC New 0.07% +0.07
AIQ Global X Art Intel & Tech Add +370.3% 0.08% +0.06
SUSA iShares ESG Optimized MSCI U New 0.06% +0.06
JAVA JPMorgan Active Value ETF Add +103.9% 0.11% +0.06
DUSB Dimension Ultrashort Fi ETF New 0.06% +0.06
VTI VG Morningstar TS MKT ETF-US Add +22.3% 0.37% +0.06
CVS CVS Health Corp. Add +54.5% 0.09% +0.05
JNJ Johnson & Johnson Add +11.8% 0.23% +0.05
VB Vanguard Most SM-Cap ETF-Usd Add +297.9% 0.07% +0.05
V Visa Inc. Class A Add +2.8% 0.20% +0.05
VWO Vanguard Ftse Emerging Marke Add +3419.6% 0.05% +0.05
IWF iShares Russell 1000 Growth Add +114.4% 0.09% +0.04
XLE SS Energy Select Sector Add +230.8% 0.06% +0.04
PM Philip Morris International Add +12.1% 0.12% +0.04
VXUS Vanguard Total Intl Stock Add +36.0% 0.12% +0.04
ESGV Vanguard ESG US Stock ETF Add +625.8% 0.04% +0.04
GUNR NT Mstar GLBL NR ETF Add +41.8% 0.10% +0.04
IWM iShares Russell 2000 ETF Add +358.0% 0.04% +0.03
MELI MercadoLibre Inc. Add +15.2% 0.11% +0.03
CGW Invesco S&P Global Water Ind New 0.03% +0.03
PHO Invesco Water Resources ETF Add +365.7% 0.03% +0.03
JPM JPMorgan Chase & Co. Add +1.0% 0.42% +0.03

Notes & Other Activity Q4 2024 → Q1 2025
MSPRW MSP Recovery Inc. -27 *W EXP 05/20/202 New 17,700 $55
TLT iShares 20+ Year Treasury BD 20 YR TR BD ETF Reduce -100.0% 0 $0
TLH iShares 10-20 Year Treasury 10-20 YR TRS ETF Reduce -100.0% 0 $0
TECK Teck Resources Ltd.-CLS B CL B Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,951$1.2BARES, DFAC, DCOR, DFAX, VEU
Q1 2026 1,413$1.1BARES, DFAC, DCOR, DFAX, VEU
Q4 2025 1,354$1.2BARES, DFAC, DCOR, DFAX, VEU
Q3 2025 1,307$1.2BARES, DFAC, DCOR, DFAX, VEU
Q2 2025 1,265$1.2BARES, DFAC, DFAX, VEU, DFAI
Q1 2025 1,210$1.0BARES, DFAC, DFAX, DFAI, DLN
Q4 2024 1,152$1.1BARES, DFAC, AGO, DLN, DFAI
Q3 2024 1,144$1.0BARES, DFAC, DLN, AGO, DFAI
Q2 2024 1,134$878.7MARES, DFAC, DFAX, DLN, DFAI
Q1 2024Amended 840$396.0MDFAC, DFAX, AGO, DLN, DFAI