Pacific Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), Pacific Asset Management, LLC reported 70 stock positions worth $166.6 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 18.2% of the portfolio, followed by Dimensional Short Duration (DFSD, 9.8%) and Dimensional International (DFIC, 9.0%). Compared with Q3 2025, it opened 5 new positions, added to 47 and reduced 10. The biggest buy was Avantis Core Fixed Income (AVIG, shares +101%) and the biggest sale Dimensional US Core Equity M (DFAU, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Gig Harbor, WA
- CIK
- 0002054012
- Portfolio Value
- $166.6M (Q4 2025)
- SEC Filing
- 0002085853-26-000133 ↗ filed Jan 28, 2026
Holdings Value
Holdings 70 stocks · $166.6M
| DFAC Dimensional US Core Equity 2 | 18.22% | 766,407 | $30.3M | Add +1.8% |
| DFSD Dimensional Short Duration | 9.80% | 340,510 | $16.3M | Add +18.7% |
| DFIC Dimensional International Co. | 9.00% | 435,114 | $15.0M | Add +4.2% |
| DFAU Dimensional US Core Equity M | 5.72% | 203,514 | $9.5M | Reduce -1.3% |
| DFEM Dimensional Emrg MRKT Core | 4.23% | 213,025 | $7.0M | Add +0.1% |
| AVIG Avantis Core Fixed Income | 3.74% | 148,489 | $6.2M | Add +101.0% |
| AVGE Avantis All Eqty Mrkts ETF | 3.61% | 69,919 | $6.0M | Add +33.5% |
| MSFT Microsoft Corp. | 2.84% | 9,777 | $4.7M | Reduce -1.0% |
| AVUV Avantis US Small Cap Value | 2.66% | 43,492 | $4.4M | Add +18.3% |
| DFAT Dimensional US Target Value | 2.65% | 73,996 | $4.4M | Reduce -1.9% |
| DFUV Dimensional US Marketwide Va | 2.51% | 89,593 | $4.2M | Reduce -2.7% |
| DFCF Dimensional Core Fixed Inc. | 2.08% | 81,488 | $3.5M | Add +35.4% |
| DFAI Dimensional International Co. | 1.54% | 67,162 | $2.6M | Reduce -4.4% |
| DFAS Dimensional US Small Cap ETF | 1.51% | 36,100 | $2.5M | Add +0.5% |
| TSLA Tesla Inc. | 1.44% | 5,337 | $2.4M | No change |
| AAPL Apple Inc. | 1.39% | 8,487 | $2.3M | Add +0.6% |
| DFIV Dimensional International Va | 1.37% | 45,756 | $2.3M | Reduce -9.0% |
| GOOG Alphabet Inc. Class C | 1.27% | 6,716 | $2.1M | Add +0.7% |
| AVLV Avantis US Large Cap Value | 1.26% | 27,708 | $2.1M | Add +6.6% |
| AVSF Avantis Short-Term Fixed Inc. | 1.25% | 44,145 | $2.1M | Add +353.8% |
| DFAR Dimensional US Real Est ETF | 1.21% | 87,743 | $2.0M | Add +4.7% |
| VOO Vanguard S&P 500 ETF | 1.17% | 3,100 | $1.9M | Add +11.0% |
| AVUS Avantis U.S. Equity ETF | 1.16% | 17,233 | $1.9M | Reduce -5.3% |
| AVDE Avantis International Equity | 1.14% | 22,989 | $1.9M | Add +3.5% |
| WPM Wheaton Precious Metals Corp. | 1.00% | 14,157 | $1.7M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.96% | 2,601 | $1.6M | Add +0.2% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.94% | 21,965 | $1.6M | Add +10.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 2,101 | $1.4M | Add +0.2% |
| DFAE Dimensional Emerging Core Eq | 0.86% | 43,900 | $1.4M | Add +3.8% |
| DFSV Dimensional US Small Cap Val | 0.84% | 42,600 | $1.4M | Add +15.7% |
| AVDV Avantis Intl S/C Value ETF | 0.80% | 14,234 | $1.3M | Add +11.2% |
| DFAW Dimensional World Eqty ETF | 0.78% | 17,633 | $1.3M | Add +20.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.74% | 3,679 | $1.2M | Add +18.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.71% | 4,649 | $1.2M | Add +14.9% |
| BND Vanguard Total Bond Market | 0.69% | 15,508 | $1.1M | New |
| AVEM Avantis Emerging Markets Eq | 0.59% | 12,674 | $976K | Reduce -3.5% |
| DFNM Dimensional National Muni BD | 0.53% | 18,376 | $885K | Add +65.4% |
| AMZN Amazon.com Inc. | 0.53% | 3,797 | $876K | Add +11.2% |
| DUHP Dimensional US High Profi Et | 0.46% | 19,926 | $758K | Add +0.1% |
| SCHF Schwab Intl Equity ETF | 0.45% | 31,035 | $746K | Add +2.9% |
| GOOGL Alphabet Inc. Class A | 0.43% | 2,303 | $721K | Add +0.0% |
| DFLV Dim US Large Cap Value ETF | 0.35% | 17,247 | $590K | Add +135.7% |
| AVSC Avantis US Small Cap Equity | 0.30% | 8,622 | $506K | Add +53.1% |
| DEHP Dimensional Emrg MRK Hi Prof | 0.24% | 12,414 | $400K | Add +0.2% |
| AVSU Avantis Resp US Equity ETF | 0.22% | 4,867 | $371K | Add +0.3% |
| DFUS Dimensional US Eq MKT ETF | 0.22% | 4,993 | $370K | Add +0.2% |
| BA The Boeing Co. | 0.22% | 1,664 | $361K | No change |
| AVES Avantis Emerging Markets Val | 0.21% | 6,067 | $354K | Add +0.8% |
| AVLC Avantis US LG Cap Eq ETF | 0.21% | 4,498 | $354K | Add +0.3% |
| DFEV Dimensional Emrg MRKT Val | 0.20% | 9,911 | $334K | Add +0.6% |
| DFIS Dimensional International SM | 0.19% | 9,759 | $321K | Add +0.1% |
| VHT Vanguard Health Care ETF | 0.18% | 1,038 | $299K | No change |
| VOOG Vanguard S&P 500 Growth ETF | 0.18% | 667 | $297K | Add +0.1% |
| AVSD Avantis Reps Intern Equi ETF | 0.18% | 3,944 | $293K | Add +1.0% |
| STXF Strive 500 ETF | 0.17% | 6,518 | $287K | No change |
| IWB iShares Russell 1000 ETF | 0.17% | 754 | $282K | Reduce -0.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.15% | 1,792 | $257K | Add +2.3% |
| EFV iShares MSCI Eafe Value ETF | 0.15% | 3,543 | $253K | Add +2.3% |
| BNDX Vanguard Total Intl Bond ETF | 0.15% | 5,201 | $251K | Add +2.2% |
| DRLL Strive US Energy ETF | 0.14% | 8,247 | $235K | No change |
| DCOR Dimensional US Core Eq 1 ETF | 0.14% | 3,135 | $231K | No change |
| IVW iShares S&P 500 Growth ETF | 0.13% | 1,761 | $217K | Add +0.1% |
| IBIT iShares Bitcoin Trust ETF | 0.13% | 4,222 | $210K | New |
| QUAL iShares MSCI USA Quality Fac | 0.12% | 1,046 | $208K | Add +0.3% |
| SHOP Shopify Inc. Class A | 0.12% | 1,287 | $207K | New |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.12% | 6,312 | $207K | Add +2.8% |
| MCD McDonald's Corp. | 0.12% | 670 | $205K | No change |
| ALK Alaska Air Group Inc. | 0.12% | 4,050 | $204K | No change |
| IVE iShares S&P 500 Value ETF | 0.12% | 957 | $203K | New |
| VXUS Vanguard Total Intl Stock | 0.12% | 2,652 | $200K | New |
Portfolio Sells Q3 2025 → Q4 2025
| DFAU Dimensional US Core Equity M | Reduce -1.3% | 5.72% | −0.69 |
| MSFT Microsoft Corp. | Reduce -1.0% | 2.84% | −0.63 |
| DFAT Dimensional US Target Value | Reduce -1.9% | 2.65% | −0.34 |
| DFUV Dimensional US Marketwide Va | Reduce -2.7% | 2.51% | −0.29 |
| DFIV Dimensional International Va | Reduce -9.0% | 1.37% | −0.20 |
| DFAI Dimensional International Co. | Reduce -4.4% | 1.54% | −0.20 |
| AVUS Avantis U.S. Equity ETF | Reduce -5.3% | 1.16% | −0.19 |
| WPM Wheaton Precious Metals Corp. | Reduce -1.7% | 1.00% | −0.10 |
| AVEM Avantis Emerging Markets Eq | Reduce -3.5% | 0.59% | −0.08 |
| IWB iShares Russell 1000 ETF | Reduce -0.1% | 0.17% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| AVIG Avantis Core Fixed Income | Add +101.0% | 3.74% | +1.63 |
| AVSF Avantis Short-Term Fixed Inc. | Add +353.8% | 1.25% | +0.94 |
| BND Vanguard Total Bond Market | New | 0.69% | +0.69 |
| AVGE Avantis All Eqty Mrkts ETF | Add +33.5% | 3.61% | +0.64 |
| DFSD Dimensional Short Duration | Add +18.7% | 9.80% | +0.42 |
| DFCF Dimensional Core Fixed Inc. | Add +35.4% | 2.08% | +0.33 |
| DFLV Dim US Large Cap Value ETF | Add +135.7% | 0.35% | +0.19 |
| AVUV Avantis US Small Cap Value | Add +18.3% | 2.66% | +0.18 |
| DFNM Dimensional National Muni BD | Add +65.4% | 0.53% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 1.27% | +0.16 |
| IBIT iShares Bitcoin Trust ETF | New | 0.13% | +0.13 |
| SHOP Shopify Inc. Class A | New | 0.12% | +0.12 |
| IVE iShares S&P 500 Value ETF | New | 0.12% | +0.12 |
| VXUS Vanguard Total Intl Stock | New | 0.12% | +0.12 |
| AVSC Avantis US Small Cap Equity | Add +53.1% | 0.30% | +0.09 |
| DFAW Dimensional World Eqty ETF | Add +20.2% | 0.78% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 0.43% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +18.4% | 0.74% | +0.05 |
| DFSV Dimensional US Small Cap Val | Add +15.7% | 0.84% | +0.04 |
| AVDV Avantis Intl S/C Value ETF | Add +11.2% | 0.80% | +0.03 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +10.4% | 0.94% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +14.9% | 0.71% | +0.03 |
| AMZN Amazon.com Inc. | Add +11.2% | 0.53% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +11.0% | 1.17% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +2.3% | 0.15% | −0.01 |
| DFEV Dimensional Emrg MRKT Val | Add +0.6% | 0.20% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +0.3% | 0.12% | −0.01 |
| AVSD Avantis Reps Intern Equi ETF | Add +1.0% | 0.18% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Add +0.1% | 0.13% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +2.8% | 0.12% | −0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Add +2.3% | 0.15% | −0.02 |
| AVLV Avantis US Large Cap Value | Add +6.6% | 1.26% | −0.02 |
| DFIS Dimensional International SM | Add +0.1% | 0.19% | −0.02 |
| DEHP Dimensional Emrg MRK Hi Prof | Add +0.2% | 0.24% | −0.02 |
| VOOG Vanguard S&P 500 Growth ETF | Add +0.1% | 0.18% | −0.02 |
| AVSU Avantis Resp US Equity ETF | Add +0.3% | 0.22% | −0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +2.2% | 0.15% | −0.02 |
| AVLC Avantis US LG Cap Eq ETF | Add +0.3% | 0.21% | −0.02 |
| AVES Avantis Emerging Markets Val | Add +0.8% | 0.21% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Add +0.2% | 0.22% | −0.02 |
| SCHF Schwab Intl Equity ETF | Add +2.9% | 0.45% | −0.03 |
| DFAE Dimensional Emerging Core Eq | Add +3.8% | 0.86% | −0.05 |
| AVDE Avantis International Equity | Add +3.5% | 1.14% | −0.05 |
| DUHP Dimensional US High Profi Et | Add +0.1% | 0.46% | −0.06 |
| AAPL Apple Inc. | Add +0.6% | 1.39% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.86% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 0.96% | −0.10 |
| DFAR Dimensional US Real Est ETF | Add +4.7% | 1.21% | −0.15 |
| DFAS Dimensional US Small Cap ETF | Add +0.5% | 1.51% | −0.16 |
| DFIC Dimensional International Co. | Add +4.2% | 9.00% | −0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 76 | $203.8M | DFAC, DFSD, DFIC, DFAU, DFEM |
| Q1 2026 | 70 | $179.1M | DFAC, DFSD, DFIC, DFAU, AVIG |
| Q4 2025 | 70 | $166.6M | DFAC, DFSD, DFIC, DFAU, DFEM |
| Q3 2025 | 65 | $147.3M | DFAC, DFSD, DFIC, DFAU, DFEM |
| Q2 2025 | 56 | $124.3M | DFAC, DFIC, DFSD, DFAU, DFEM |
| Q1 2025 | 52 | $111.6M | DFAC, DFSD, DFIC, DFAU, DFEM |
| Q4 2024 | 46 | $106.4M | DFAC, DFSD, DFIC, DFAU, DFEM |