LRI Investments, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), LRI Investments, LLC reported 1,265 stock positions worth $1.2 billion. Its top holding was Ares Management Class A (ARES) at 34.5% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 7.3%) and Dimensional World Ex US Core (DFAX, 3.1%). Compared with Q1 2025, it opened 102 new positions, sold out of 48, added to 316 and reduced 229. The biggest buy was Dimensional US Core Eq 1 ETF (DCOR, shares +224%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −1%).

Most Recent 13F
Q2 2026
Location
PALM BEACH GARDENS, FL
CIK
0002023325
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0002023325-25-000003 ↗ filed Jul 25, 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 Q1 2025 Q2 2025: $1.2B $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 1,265 stocks · $1.2B
ARES Ares Management Corp. Class A 34.54% 2,347,722 $406.6M Reduce -1.4%
DFAC Dimensional US Core Equity 2 7.30% 2,397,655 $85.9M Reduce -0.5%
DFAX Dimensional World Ex US Core 3.13% 1,252,551 $36.8M Add +13.8%
VEU Vanguard Ftse All-World Ex-U 2.67% 467,099 $31.4M Add +6.1%
DFAI Dimensional International Co. 2.65% 902,412 $31.2M Add +1.0%
DLN Wisdomtree US Largecap Divid 2.34% 335,693 $27.6M Reduce -0.6%
DCOR Dimensional US Core Eq 1 ETF 2.32% 407,930 $27.3M Add +224.3%
AGO Assured Guaranty Ltd. 2.20% 296,957 $25.9M Add +1.6%
DWM Wisdomtree International Equ 2.09% 386,546 $24.6M Reduce -0.8%
DFUV Dimensional US Marketwide Va 1.97% 549,843 $23.2M Add +3.7%
DFIV Dimensional International Va 1.34% 367,859 $15.8M Add +1.2%
AAPL Apple Inc. 1.28% 73,664 $15.1M Reduce -2.4%
DLS Wisdomtree Intl S/C DVD Fund 1.28% 200,354 $15.0M Reduce -1.0%
DFAS Dimensional US Small Cap ETF 1.23% 227,424 $14.5M Add +1.4%
DISV Dimensional International SM 1.23% 439,644 $14.5M Reduce -1.2%
MSFT Microsoft Corp. 1.22% 55,188 $14.4M Add +1.5%
VNQ Vanguard Real Estate ETF 1.16% 153,196 $13.6M Reduce -1.8%
RTX RTX Corp. 0.97% 78,064 $11.4M Add +1.0%
NVDA Nvidia Corp. 0.95% 70,692 $11.2M Add +6.2%
AMZN Amazon.com Inc. 0.85% 66,526 $10.0M Reduce -1.9%
AVUS Avantis U.S. Equity ETF 0.69% 80,884 $8.2M Reduce -3.5%
DFLV Dim US Large Cap Value ETF 0.52% 197,594 $6.1M Reduce -1.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.50% 9,589 $5.9M Reduce -1.8%
META Meta Platforms Inc. Class A 0.45% 33,775 $5.3M Reduce -0.2%
AVGO Broadcom Inc. 0.44% 18,984 $5.2M Reduce -6.1%
JPM JPMorgan Chase & Co. 0.44% 40,608 $5.1M Add +0.3%
VAW Vanguard Materials ETF 0.39% 23,783 $4.6M Add +7.5%
XOM Exxon Mobil Corp. 0.38% 41,433 $4.5M Add +3.3%
NUE Nucor Corp. 0.37% 33,781 $4.4M No change
VTI VG Morningstar TS MKT ETF-US 0.37% 14,159 $4.3M Add +2.4%
CARR Carrier Global Corp. 0.36% 57,372 $4.2M Add +0.0%
ARTY iShares Future AI & Tech ETF 0.34% 97,797 $4.0M Add +3.9%
DFGR Dim Global Real Estate ETF 0.32% 141,374 $3.8M Reduce -3.9%
KO The Coca-Cola Co. 0.32% 52,597 $3.7M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 7,643 $3.7M Reduce -2.1%
VOO Vanguard S&P 500 ETF 0.30% 6,242 $3.5M Add +0.2%
VDE Vanguard Energy ETF 0.30% 29,338 $3.5M Add +9.6%
DFAR Dimensional US Real Est ETF 0.30% 148,232 $3.5M Add +174.1%
ACN Accenture PLC Class A 0.28% 11,004 $3.3M Add +0.5%
GOOG Alphabet Inc. Class C 0.26% 17,020 $3.0M Add +9.8%
AVLV Avantis US Large Cap Value 0.25% 42,375 $2.9M No change
OTIS Otis Worldwide Corp. 0.24% 29,129 $2.9M No change
ABBV Abbvie Inc. 0.24% 15,067 $2.8M Add +1.0%
DFUS Dimensional US Eq MKT ETF 0.23% 40,882 $2.7M Add +0.6%
GOOGL Alphabet Inc. Class A 0.22% 53,221 $2.6M Reduce -0.2%
WMT Walmart Inc. 0.22% 26,435 $2.6M Add +2.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.22% 14,491 $2.6M No change
IMCG iShares Morningstar Mid-Cap 0.20% 29,730 $2.4M No change
ISCG iShares Morningstar Small-Ca 0.20% 46,497 $2.3M No change
HD Home Depot Inc. 0.19% 26,351 $2.3M Add +0.2%
DFAU Dimensional US Core Equity M 0.19% 53,001 $2.2M Reduce -0.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.19% 11,443 $2.2M Reduce -2.4%
TLTD NT Dev Exus Ftilt ETF 0.19% 26,436 $2.2M No change
IYW iShares Ustechnology ETF 0.18% 12,465 $2.2M No change
JNJ Johnson & Johnson 0.18% 14,120 $2.2M Reduce -1.0%
VIG Vanguard Dividend Apprec ETF 0.18% 10,124 $2.1M Reduce -0.1%
MCD McDonald's Corp. 0.17% 6,994 $2.0M Reduce -0.7%
V Visa Inc. Class A 0.17% 31,011 $2.0M Reduce -1.0%
CVX Chevron Corp. 0.16% 13,099 $1.9M Reduce -1.8%
HON Honeywell International Inc. 0.16% 7,954 $1.9M Add +0.3%
GBDC Golub Capital BDC Inc. 0.15% 118,986 $1.7M No change
IMCV iShares Morningstar Mid-Cap 0.15% 22,656 $1.7M No change
CI The Cigna Group 0.14% 5,104 $1.7M No change
TD Toronto-Dominion Bank 0.14% 22,961 $1.7M No change
GCOW Pacer Global Cash Cows Divid 0.14% 44,082 $1.7M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 35,139 $1.7M Add +2.4%
TRV The Travelers Cos Inc. 0.14% 6,212 $1.7M Reduce -0.7%
AVDV Avantis Intl S/C Value ETF 0.13% 19,331 $1.5M No change
LLY Eli Lilly & Co. 0.13% 1,964 $1.5M Reduce -7.8%
MELI MercadoLibre Inc. 0.13% 586 $1.5M Add +3.4%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.13% 27,900 $1.5M Add +12.1%
PG The Procter & Gamble Co. 0.13% 9,373 $1.5M Reduce -0.1%
CAT Caterpillar Inc. 0.13% 3,831 $1.5M Reduce -0.3%
PM Philip Morris International 0.12% 8,044 $1.5M Add +2.7%
LMT Lockheed Martin Corp. 0.12% 3,150 $1.5M Reduce -2.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 3,319 $1.5M No change
VXUS Vanguard Total Intl Stock 0.12% 20,843 $1.4M Add +3.3%
JAVA JPMorgan Active Value ETF 0.12% 21,350 $1.4M Add +16.4%
SSNC Ss&c Technologies Holdings 0.12% 16,473 $1.4M No change
EPD Enterprise Products Partners 0.12% 43,728 $1.4M No change
PAPI Parametric Equity Prem Inco 0.12% 53,600 $1.4M Add +7.0%
JEPI JPMorgan Equity Premium Inco 0.11% 23,077 $1.3M Add +7.3%
AVDE Avantis International Equity 0.11% 17,675 $1.3M Reduce -3.2%
MA Mastercard Inc. Class A 0.11% 2,322 $1.3M Add +0.5%
AVIV Avantis Intl LRG Cap Val ETF 0.11% 20,908 $1.3M No change
SIGI Selective Insurance Group 0.11% 14,901 $1.3M Reduce -5.2%
VSGX Vanguard ESG Intl Stock ETF 0.11% 19,192 $1.3M No change
PAVE Global X US Infrastructure 0.11% 28,657 $1.2M No change
WBS Webster Financial Corp. 0.11% 22,855 $1.2M Reduce -0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 4,232 $1.2M Reduce -5.2%
PEP Pepsico Inc. 0.11% 9,398 $1.2M Add +0.2%
NFLX Netflix Inc. 0.10% 906 $1.2M Reduce -15.6%
NOW ServiceNow Inc. 0.10% 1,172 $1.2M Add +17.1%
TSLA Tesla Inc. 0.10% 3,756 $1.2M Add +25.1%
AVEM Avantis Emerging Markets Eq 0.10% 17,186 $1.2M No change
ORCL Oracle Corp. 0.10% 5,223 $1.1M Reduce -0.9%
DE Deere & Co. 0.10% 2,243 $1.1M Reduce -0.7%
GS Goldman Sachs Group Inc. 0.10% 1,583 $1.1M Add +11.6%
GD General Dynamics Corp. 0.09% 3,808 $1.1M Add +0.2%
EFV iShares MSCI Eafe Value ETF 0.09% 17,436 $1.1M Add +1.3%

Show all 1,265 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $41 (not counted above)
SecurityClassShares / PrincipalValueChange
MSPRW MSP Recovery Inc. -27 *W EXP 05/20/202 17,700$41No change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2025 → Q2 2025
DFAC Dimensional US Core Equity 2 Reduce -0.5% 7.30% −0.38
AAPL Apple Inc. Reduce -2.4% 1.28% −0.34
DLN Wisdomtree US Largecap Divid Reduce -0.6% 2.34% −0.25
VNQ Vanguard Real Estate ETF Reduce -1.8% 1.16% −0.21
ACWI iShares MSCI Acwi ETF Reduce -80.1% 0.03% −0.14
DWM Wisdomtree International Equ Reduce -0.8% 2.09% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.1% 0.32% −0.09
KNG FT Vest S&P 500 DVD Arst TRG Reduce -60.0% 0.04% −0.08
DFLV Dim US Large Cap Value ETF Reduce -1.2% 0.52% −0.07
DVYE iShares Emerging Markets Div Sold out 0.00% −0.07
UNH Unitedhealth Group Inc. Reduce -2.4% 0.04% −0.06
CVX Chevron Corp. Reduce -1.8% 0.16% −0.06
AVUS Avantis U.S. Equity ETF Reduce -3.5% 0.69% −0.06
IWD iShares Russell 1000 Value E Reduce -33.5% 0.08% −0.05
KO The Coca-Cola Co. Reduce -1.1% 0.32% −0.05
DFGR Dim Global Real Estate ETF Reduce -3.9% 0.32% −0.05
JNJ Johnson & Johnson Reduce -1.0% 0.18% −0.05
D Dominion Energy Inc. Reduce -92.6% 0.00% −0.04
LLY Eli Lilly & Co. Reduce -7.8% 0.13% −0.04
MCD McDonald's Corp. Reduce -0.7% 0.17% −0.04
IWF iShares Russell 1000 Growth Reduce -40.8% 0.05% −0.03
V Visa Inc. Class A Reduce -1.0% 0.17% −0.03
SIGI Selective Insurance Group Reduce -5.2% 0.11% −0.03
PG The Procter & Gamble Co. Reduce -0.1% 0.13% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.8% 0.50% −0.02
FANG Diamondback Energy Inc. Reduce -7.3% 0.01% −0.02
PLD Prologis Inc. Reduce -4.1% 0.09% −0.02
DFS Discover Financial Services Sold out 0.00% −0.02
DISV Dimensional International SM Reduce -1.2% 1.23% −0.02
NVO Novo-Nordisk A/S-Spons ADR Reduce -14.1% 0.07% −0.02
BMY Bristol-Myers Squibb Co. Reduce -37.9% 0.01% −0.02
TRV The Travelers Cos Inc. Reduce -0.7% 0.14% −0.02
NSP Insperity Inc. Reduce -88.4% 0.00% −0.02
UNP Union Pacific Corp. Reduce -14.2% 0.05% −0.02
KVUE Kenvue Inc. Reduce -26.0% 0.02% −0.02
ELV Elevance Health Inc. Reduce -3.7% 0.05% −0.02
LMT Lockheed Martin Corp. Reduce -2.0% 0.12% −0.01
T AT&T Inc. Reduce -6.9% 0.07% −0.01
VZ Verizon Communications Inc. Reduce -0.5% 0.07% −0.01
FISV Fiserv Inc. Reduce -2.2% 0.01% −0.01
MTB M & T Bank Corp. Reduce -2.4% 0.19% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -0.1% 0.18% −0.01
O Realty Income Corp. Reduce -1.3% 0.08% −0.01
XYL Xylem Inc. Reduce -34.7% 0.02% −0.01
CVS CVS Health Corp. Reduce -4.2% 0.08% −0.01
CRM Salesforce Inc. Reduce -1.5% 0.03% −0.01
VRTX Vertex Pharmaceuticals Inc. Reduce -23.2% 0.02% −0.01
MFC Manulife Financial Corp. Reduce -63.2% 0.01% −0.01
XLF SS Financial Select Sector Reduce -7.2% 0.08% −0.01
CB Chubb Ltd. Reduce -0.3% 0.07% −0.01

Portfolio Buys Q1 2025 → Q2 2025
DCOR Dimensional US Core Eq 1 ETF Add +224.3% 2.32% +1.57
DFAX Dimensional World Ex US Core Add +13.8% 3.13% +0.34
NVDA Nvidia Corp. Add +6.2% 0.95% +0.25
MSFT Microsoft Corp. Add +1.5% 1.22% +0.20
DFAR Dimensional US Real Est ETF Add +174.1% 0.30% +0.17
VEU Vanguard Ftse All-World Ex-U Add +6.1% 2.67% +0.09
CGDG Cap Group Dividend Growers New 0.06% +0.06
ARTY iShares Future AI & Tech ETF Add +3.9% 0.34% +0.05
GEV GE Vernova Inc. Add +162.5% 0.07% +0.05
GSLC Goldman Activebeta US LC ETF New 0.05% +0.05
GSIE Goldman Sachs Activebeta Int New 0.04% +0.04
DGRW Wisdomtree U.S. Quality Divi Add +296.9% 0.05% +0.04
EXCHANGE TRADED CONCEPTS TRU New 0.04% +0.04
COF Capital One Financial Corp. Add +73.7% 0.07% +0.03
UBER Uber Technologies Inc. Add +38.6% 0.08% +0.03
TSLA Tesla Inc. Add +25.1% 0.10% +0.03
IVV iShares Core S&P 500 ETF Add +623.1% 0.03% +0.03
NOW ServiceNow Inc. Add +17.1% 0.10% +0.03
SNOW Snowflake Inc. Add +645.7% 0.03% +0.02
MELI MercadoLibre Inc. Add +3.4% 0.13% +0.02
TSM Taiwan Semiconductor-SP ADR Add +45.3% 0.05% +0.02
GOOG Alphabet Inc. Class C Add +9.8% 0.26% +0.02
GS Goldman Sachs Group Inc. Add +11.6% 0.10% +0.02
DXCM Dexcom Inc. Add +30.7% 0.02% +0.02
IAU iShares Gold Trust Add +142.4% 0.03% +0.02
NU Nu Holdings Ltd./Cayman Isl-A Add +105.3% 0.03% +0.02
SHOP Shopify Inc. Class A Add +154.5% 0.03% +0.02
JPM JPMorgan Chase & Co. Add +0.3% 0.44% +0.02
SIMO Silicon Motion Technol-ADR Add +704.0% 0.02% +0.02
ISRG Intuitive Surgical Inc. Add +30.6% 0.07% +0.02
APP AppLovin Corp. Class A Add +131.1% 0.02% +0.01
LHX L3HARRIS Technologies Inc. Add +3.7% 0.03% +0.01
SMH Vaneck Semiconductor ETF Add +182.0% 0.02% +0.01
ACLS Axcelis Technologies Inc. Add +683.3% 0.02% +0.01
DELL Dell Technologies -C Add +16.8% 0.05% +0.01
IBHE iShares Ibonds 2025 H/Y Inc. Add +139.4% 0.03% +0.01
NEE Nextera Energy Inc. Add +47.0% 0.06% +0.01
HUBB Hubbell Inc. Add +1020.6% 0.01% +0.01
SCHW Schwab (charles) Corp. Add +62.0% 0.03% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +12.8% 0.04% +0.01
SE Sea Ltd.-ADR Add +85.9% 0.02% +0.01
ULS Ul Solutions Inc. Class A New 0.01% +0.01
IWM iShares Russell 2000 ETF Add +28.5% 0.05% +0.01
AIQ Global X Art Intel & Tech Add +5.2% 0.09% +0.01
FORM Formfactor Inc. Add +1205.7% 0.01% +0.01
IOT Samsara Inc. Class A New 0.01% +0.01
TOST Toast Inc. Class A Add +164.0% 0.01% +0.01
ABNB Airbnb Inc. Class A Add +152.0% 0.01% +0.01
HOOD Robinhood Markets Inc. Class A Add +115.5% 0.01% +0.01
DTE DTE Energy Company Add +456.7% 0.01% +0.01

Notes & Other Activity Q1 2025 → Q2 2025
TLT iShares 20+ Year Treasury BD 20 YR TR BD ETF Sold out 0 $0before exit
TLH iShares 10-20 Year Treasury 10-20 YR TRS ETF 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