Scratch Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Scratch Capital LLC reported 33 stock positions worth $96.9 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 14.7% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 13.4%) and Dimensional International (DFIC, 9.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 17 and reduced 8. The biggest buy was Dimensional US High Profi Et (DUHP, shares +874%) and the biggest sale Dimensional US Target Value (DFAT, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- BOISE, ID
- CIK
- 0002055324
- Portfolio Value
- $96.9M (Q1 2025)
- SEC Filing
- 0001754960-25-000210 ↗ filed Apr 17, 2025
Holdings Value
Holdings 33 stocks · $96.9M
| DFAC Dimensional US Core Equity 2 | 14.75% | 432,967 | $14.3M | Add +26.1% |
| VGSH Vanguard Short-Term Treasury | 13.39% | 220,956 | $13.0M | Add +22.5% |
| DFIC Dimensional International Co. | 9.64% | 336,147 | $9.3M | Reduce -0.4% |
| DFAT Dimensional US Target Value | 8.49% | 159,675 | $8.2M | Reduce -16.7% |
| DFIP Dimensional Inflation-Protec | 8.17% | 187,869 | $7.9M | Add +27.6% |
| DUHP Dimensional US High Profi Et | 7.51% | 219,381 | $7.3M | Add +874.1% |
| VTI VG Morningstar TS MKT ETF-US | 5.98% | 21,071 | $5.8M | Reduce -19.8% |
| DFSV Dimensional US Small Cap Val | 5.50% | 189,253 | $5.3M | Add +474.4% |
| SGOV iShares 0-3 Month Treasury B | 4.41% | 42,425 | $4.3M | Add +28.7% |
| DFEM Dimensional Emrg MRKT Core | 4.16% | 152,416 | $4.0M | Add +19.5% |
| TIP iShares Tips Bond ETF | 2.89% | 25,228 | $2.8M | No change |
| INTU Intuit Inc. | 2.28% | 3,600 | $2.2M | Add +200.0% |
| VONV Vanguard Russell 1000 Value | 1.59% | 18,692 | $1.5M | Reduce -41.5% |
| DFAI Dimensional International Co. | 1.22% | 37,814 | $1.2M | Add +7.7% |
| DFNM Dimensional National Muni BD | 1.20% | 24,519 | $1.2M | Add +6.1% |
| WFC Wells Fargo & Co. | 1.13% | 15,299 | $1.1M | Add +255.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.10% | 1,900 | $1.1M | No change |
| BROS Dutch Bros Inc. Class A | 0.90% | 14,050 | $867K | Reduce -41.6% |
| NVDA Nvidia Corp. | 0.82% | 7,372 | $799K | Reduce -54.4% |
| CSCO Cisco Systems Inc. | 0.67% | 10,461 | $646K | New |
| WMT Walmart Inc. | 0.66% | 7,328 | $643K | New |
| DFAX Dimensional World Ex US Core | 0.61% | 22,687 | $594K | Add +31.6% |
| GME Gamestop Corp. Class A | 0.54% | 23,570 | $526K | Add +3.3% |
| MSFT Microsoft Corp. | 0.50% | 1,295 | $486K | Reduce -26.5% |
| SCHO Schwab Short-Term US Treas | 0.33% | 13,141 | $320K | Reduce -25.4% |
| ORCL Oracle Corp. | 0.32% | 2,200 | $308K | No change |
| MU Micron Technology Inc. | 0.28% | 3,068 | $267K | New |
| DFAE Dimensional Emerging Core Eq | 0.27% | 10,035 | $260K | Add +18.9% |
| AAPL Apple Inc. | 0.23% | 988 | $219K | Add +11.8% |
| HD Home Depot Inc. | 0.22% | 584 | $214K | Add +0.7% |
| ITOT iShares Core S&P Total U.S. | 0.21% | 1,687 | $206K | Add +0.1% |
| LUCD Lucid Diagnostics Inc. | 0.02% | 11,904 | $18K | No change |
| BAER Bridger Aerospace Group Hold | 0.02% | 13,607 | $15K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| DFAT Dimensional US Target Value | Reduce -16.7% | 8.49% | −4.54 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -19.8% | 5.98% | −3.32 |
| NVDA Nvidia Corp. | Reduce -54.4% | 0.82% | −1.82 |
| VONV Vanguard Russell 1000 Value | Reduce -41.5% | 1.59% | −1.58 |
| DFIC Dimensional International Co. | Reduce -0.4% | 9.64% | −1.01 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.81 |
| DFUS Dimensional US Eq MKT ETF | Sold out | 0.00% | −0.74 |
| BROS Dutch Bros Inc. Class A | Reduce -41.6% | 0.90% | −0.64 |
| MSFT Microsoft Corp. | Reduce -26.5% | 0.50% | −0.40 |
| DFLV Dim US Large Cap Value ETF | Sold out | 0.00% | −0.31 |
| SCHO Schwab Short-Term US Treas | Reduce -25.4% | 0.33% | −0.19 |
Portfolio Buys Q4 2024 → Q1 2025
| DUHP Dimensional US High Profi Et | Add +874.1% | 7.51% | +6.58 |
| DFSV Dimensional US Small Cap Val | Add +474.4% | 5.50% | +4.26 |
| INTU Intuit Inc. | Add +200.0% | 2.28% | +1.36 |
| DFIP Dimensional Inflation-Protec | Add +27.6% | 8.17% | +0.89 |
| WFC Wells Fargo & Co. | Add +255.9% | 1.13% | +0.77 |
| CSCO Cisco Systems Inc. | New | 0.67% | +0.67 |
| WMT Walmart Inc. | New | 0.66% | +0.66 |
| VGSH Vanguard Short-Term Treasury | Add +22.5% | 13.39% | +0.57 |
| SGOV iShares 0-3 Month Treasury B | Add +28.7% | 4.41% | +0.37 |
| MU Micron Technology Inc. | New | 0.28% | +0.28 |
| DFAC Dimensional US Core Equity 2 | Add +26.1% | 14.75% | +0.25 |
| DFAX Dimensional World Ex US Core | Add +31.6% | 0.61% | +0.09 |
| DFEM Dimensional Emrg MRKT Core | Add +19.5% | 4.16% | +0.08 |
| DFAE Dimensional Emerging Core Eq | Add +18.9% | 0.27% | +0.01 |
| DFAI Dimensional International Co. | Add +7.7% | 1.22% | −0.03 |
| AAPL Apple Inc. | Add +11.8% | 0.23% | −0.04 |
| ITOT iShares Core S&P Total U.S. | Add +0.1% | 0.21% | −0.05 |
| HD Home Depot Inc. | Add +0.7% | 0.22% | −0.05 |
| DFNM Dimensional National Muni BD | Add +6.1% | 1.20% | −0.14 |
| GME Gamestop Corp. Class A | Add +3.3% | 0.54% | −0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $201.5M | DFAC, DFIC, DUHP, VGSH, DFSV |
| Q1 2026 | 45 | $174.6M | DFAC, DFIC, VGSH, DUHP, DFIP |
| Q4 2025 | 47 | $152.8M | DFAC, VGSH, DFIC, DUHP, DFIP |
| Q3 2025 | 63 | $151.6M | DFAC, VGSH, DFIC, DUHP, DFSV |
| Q2 2025 | 37 | $122.9M | DFAC, VGSH, DFIC, DUHP, DFIP |
| Q1 2025 | 33 | $96.9M | DFAC, VGSH, DFIC, DFAT, DFIP |
| Q4 2024 | 33 | $81.9M | DFAC, DFAT, VGSH, DFIC, VTI |