Scratch Capital LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), Scratch Capital LLC reported 37 stock positions worth $122.9 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 16.1% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 12.5%) and Dimensional International (DFIC, 10.1%). Compared with Q1 2025, it opened 4 new positions, added to 17 and reduced 12. The biggest buy was Dimensional US Small Cap Val (DFSV, shares +72%) and the biggest sale Dimensional US Target Value (DFAT, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- BOISE, ID
- CIK
- 0002055324
- Portfolio Value
- $122.9M (Q2 2025)
- SEC Filing
- 0001754960-25-000363 ↗ filed Jul 11, 2025
Holdings Value
Holdings 37 stocks · $122.9M
| DFAC Dimensional US Core Equity 2 | 16.06% | 550,603 | $19.7M | Add +27.2% |
| VGSH Vanguard Short-Term Treasury | 12.47% | 260,819 | $15.3M | Add +18.0% |
| DFIC Dimensional International Co. | 10.12% | 399,976 | $12.4M | Add +19.0% |
| DUHP Dimensional US High Profi Et | 9.31% | 321,647 | $11.4M | Add +46.6% |
| DFIP Dimensional Inflation-Protec | 7.99% | 234,900 | $9.8M | Add +25.0% |
| DFSV Dimensional US Small Cap Val | 7.79% | 325,545 | $9.6M | Add +72.0% |
| DFAT Dimensional US Target Value | 5.81% | 132,430 | $7.1M | Reduce -17.1% |
| VTI VG Morningstar TS MKT ETF-US | 5.43% | 21,953 | $6.7M | Add +4.2% |
| DFEM Dimensional Emrg MRKT Core | 4.62% | 191,228 | $5.7M | Add +25.5% |
| SGOV iShares 0-3 Month Treasury B | 3.99% | 48,743 | $4.9M | Add +14.9% |
| TIP iShares Tips Bond ETF | 2.26% | 25,252 | $2.8M | Add +0.1% |
| INTU Intuit Inc. | 2.24% | 3,503 | $2.8M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.96% | 1,900 | $1.2M | No change |
| NVDA Nvidia Corp. | 0.94% | 7,343 | $1.2M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 0.92% | 14,063 | $1.1M | Reduce -8.1% |
| VONV Vanguard Russell 1000 Value | 0.92% | 13,205 | $1.1M | Reduce -29.4% |
| DFAI Dimensional International Co. | 0.86% | 30,584 | $1.1M | Reduce -19.1% |
| DFNM Dimensional National Muni BD | 0.76% | 19,795 | $939K | Reduce -19.3% |
| BROS Dutch Bros Inc. Class A | 0.66% | 11,862 | $811K | Reduce -15.6% |
| DCOR Dimensional US Core Eq 1 ETF | 0.63% | 11,529 | $771K | New |
| WMT Walmart Inc. | 0.63% | 7,874 | $770K | Add +7.5% |
| CSCO Cisco Systems Inc. | 0.59% | 10,461 | $726K | No change |
| DFAX Dimensional World Ex US Core | 0.57% | 23,901 | $702K | Add +5.3% |
| GME Gamestop Corp. Class A | 0.48% | 24,253 | $592K | Add +2.9% |
| MSFT Microsoft Corp. | 0.47% | 1,152 | $573K | Reduce -11.0% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.46% | 7,474 | $565K | New |
| ORCL Oracle Corp. | 0.41% | 2,304 | $504K | Add +4.7% |
| VEA Vanguard Ftse Developed ETF | 0.31% | 6,789 | $387K | New |
| SCHO Schwab Short-Term US Treas | 0.26% | 13,100 | $319K | Reduce -0.3% |
| MU Micron Technology Inc. | 0.24% | 2,401 | $296K | Reduce -21.7% |
| ITOT iShares Core S&P Total U.S. | 0.21% | 1,953 | $264K | Add +15.8% |
| AAPL Apple Inc. | 0.20% | 1,194 | $245K | Add +20.9% |
| HD Home Depot Inc. | 0.18% | 588 | $216K | Add +0.7% |
| DFAE Dimensional Emerging Core Eq | 0.16% | 6,932 | $201K | Reduce -30.9% |
| NAK Northern Dynasty Minerals | 0.06% | 53,180 | $71K | New |
| BAER Bridger Aerospace Group Hold | 0.02% | 13,607 | $26K | No change |
| LUCD Lucid Diagnostics Inc. | 0.01% | 11,904 | $14K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| DFAT Dimensional US Target Value | Reduce -17.1% | 5.81% | −2.67 |
| VONV Vanguard Russell 1000 Value | Reduce -29.4% | 0.92% | −0.68 |
| DFNM Dimensional National Muni BD | Reduce -19.3% | 0.76% | −0.44 |
| DFAI Dimensional International Co. | Reduce -19.1% | 0.86% | −0.36 |
| BROS Dutch Bros Inc. Class A | Reduce -15.6% | 0.66% | −0.24 |
| WFC Wells Fargo & Co. | Reduce -8.1% | 0.92% | −0.22 |
| DFAE Dimensional Emerging Core Eq | Reduce -30.9% | 0.16% | −0.10 |
| SCHO Schwab Short-Term US Treas | Reduce -0.3% | 0.26% | −0.07 |
| INTU Intuit Inc. | Reduce -2.7% | 2.24% | −0.04 |
| MSFT Microsoft Corp. | Reduce -11.0% | 0.47% | −0.04 |
| MU Micron Technology Inc. | Reduce -21.7% | 0.24% | −0.03 |
| NVDA Nvidia Corp. | Reduce -0.4% | 0.94% | +0.12 |
Portfolio Buys Q1 2025 → Q2 2025
| DFSV Dimensional US Small Cap Val | Add +72.0% | 7.79% | +2.29 |
| DUHP Dimensional US High Profi Et | Add +46.6% | 9.31% | +1.80 |
| DFAC Dimensional US Core Equity 2 | Add +27.2% | 16.06% | +1.31 |
| DCOR Dimensional US Core Eq 1 ETF | New | 0.63% | +0.63 |
| DFIC Dimensional International Co. | Add +19.0% | 10.12% | +0.48 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.46% | +0.46 |
| DFEM Dimensional Emrg MRKT Core | Add +25.5% | 4.62% | +0.45 |
| VEA Vanguard Ftse Developed ETF | New | 0.31% | +0.31 |
| ORCL Oracle Corp. | Add +4.7% | 0.41% | +0.09 |
| NAK Northern Dynasty Minerals | New | 0.06% | +0.06 |
| ITOT iShares Core S&P Total U.S. | Add +15.8% | 0.21% | +0.00 |
| AAPL Apple Inc. | Add +20.9% | 0.20% | −0.03 |
| WMT Walmart Inc. | Add +7.5% | 0.63% | −0.04 |
| DFAX Dimensional World Ex US Core | Add +5.3% | 0.57% | −0.04 |
| HD Home Depot Inc. | Add +0.7% | 0.18% | −0.05 |
| GME Gamestop Corp. Class A | Add +2.9% | 0.48% | −0.06 |
| DFIP Dimensional Inflation-Protec | Add +25.0% | 7.99% | −0.18 |
| SGOV iShares 0-3 Month Treasury B | Add +14.9% | 3.99% | −0.42 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.2% | 5.43% | −0.55 |
| TIP iShares Tips Bond ETF | Add +0.1% | 2.26% | −0.63 |
| VGSH Vanguard Short-Term Treasury | Add +18.0% | 12.47% | −0.91 |
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 |