Scratch Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), Scratch Capital LLC reported 47 stock positions worth $152.8 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 16.8% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 10.7%) and Dimensional International (DFIC, 10.0%). Compared with Q3 2025, it opened 7 new positions, sold out of 23, added to 22 and reduced 11. The biggest buy was Dimensional Inflation-Protec (DFIP, shares +26%) and the biggest sale an exit from Amphenol Class A (APH).
- Most Recent 13F
- Q2 2026
- Location
- BOISE, ID
- CIK
- 0002055324
- Portfolio Value
- $152.8M (Q4 2025)
- SEC Filing
- 0001754960-26-000029 ↗ filed Jan 13, 2026
Holdings Value
Holdings 47 stocks · $152.8M
| DFAC Dimensional US Core Equity 2 | 16.77% | 647,416 | $25.6M | Add +6.9% |
| VGSH Vanguard Short-Term Treasury | 10.72% | 278,952 | $16.4M | Add +3.4% |
| DFIC Dimensional International Co. | 9.97% | 441,976 | $15.2M | Add +4.4% |
| DUHP Dimensional US High Profi Et | 9.77% | 392,716 | $14.9M | Add +9.8% |
| DFIP Dimensional Inflation-Protec | 8.66% | 318,495 | $13.2M | Add +26.4% |
| DFSV Dimensional US Small Cap Val | 8.10% | 376,351 | $12.4M | Add +7.2% |
| DFAT Dimensional US Target Value | 5.15% | 132,058 | $7.9M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 4.97% | 22,643 | $7.6M | Add +3.0% |
| DFEM Dimensional Emrg MRKT Core | 4.64% | 214,377 | $7.1M | Add +4.9% |
| SGOV iShares 0-3 Month Treasury B | 2.40% | 36,580 | $3.7M | Add +6.8% |
| VBIL Vanguard 0-3M T-Bill ETF | 2.16% | 43,784 | $3.3M | Reduce -1.6% |
| DFNM Dimensional National Muni BD | 1.85% | 58,657 | $2.8M | Add +9.3% |
| TIP iShares Tips Bond ETF | 1.82% | 25,252 | $2.8M | No change |
| INTU Intuit Inc. | 1.35% | 3,125 | $2.1M | No change |
| NVDA Nvidia Corp. | 0.88% | 7,235 | $1.3M | Add +5.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 1,900 | $1.3M | No change |
| WFC Wells Fargo & Co. | 0.85% | 13,896 | $1.3M | Add +1.4% |
| DFAI Dimensional International Co. | 0.78% | 31,408 | $1.2M | Add +1.9% |
| DCOR Dimensional US Core Eq 1 ETF | 0.66% | 13,649 | $1.0M | Add +12.3% |
| VONV Vanguard Russell 1000 Value | 0.63% | 10,391 | $959K | Reduce -7.8% |
| DFCA Dimensional Calfornia MB ETF | 0.61% | 18,505 | $927K | Add +36.9% |
| WMT Walmart Inc. | 0.56% | 7,743 | $863K | Reduce -7.5% |
| DFAX Dimensional World Ex US Core | 0.51% | 23,901 | $782K | No change |
| CSCO Cisco Systems Inc. | 0.51% | 10,154 | $782K | Add +4.4% |
| BROS Dutch Bros Inc. Class A | 0.48% | 11,861 | $726K | No change |
| AAPL Apple Inc. | 0.38% | 2,159 | $587K | Reduce -63.5% |
| IBIT iShares Bitcoin Trust ETF | 0.37% | 11,292 | $561K | New |
| MSFT Microsoft Corp. | 0.37% | 1,157 | $560K | Add +18.4% |
| MU Micron Technology Inc. | 0.36% | 1,922 | $548K | Reduce -52.0% |
| GME Gamestop Corp. Class A | 0.33% | 25,153 | $505K | No change |
| VEA Vanguard Ftse Developed ETF | 0.31% | 7,524 | $470K | Add +10.5% |
| ORCL Oracle Corp. | 0.25% | 1,925 | $375K | Reduce -7.5% |
| GOOGL Alphabet Inc. Class A | 0.23% | 1,110 | $347K | Reduce -51.0% |
| SCHO Schwab Short-Term US Treas | 0.19% | 12,221 | $298K | Reduce -0.2% |
| TSLA Tesla Inc. | 0.19% | 635 | $286K | Add +9.9% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 1,878 | $279K | Reduce -1.3% |
| DFAE Dimensional Emerging Core Eq | 0.16% | 7,605 | $248K | Add +7.0% |
| AMZN Amazon.com Inc. | 0.16% | 1,040 | $240K | New |
| AVGO Broadcom Inc. | 0.14% | 621 | $215K | New |
| HD Home Depot Inc. | 0.14% | 621 | $214K | Add +5.1% |
| DFIV Dimensional International Va | 0.14% | 4,208 | $210K | New |
| ETHA iShares Ethereum Trust ETF | 0.13% | 9,098 | $204K | New |
| IMTM iShares MSCI Intl Momentum F | 0.13% | 4,247 | $204K | New |
| DIHP Dimensional International Hi | 0.13% | 6,405 | $203K | New |
| NAK Northern Dynasty Minerals | 0.04% | 32,434 | $64K | Reduce -39.0% |
| LUCD Lucid Diagnostics Inc. | 0.01% | 20,994 | $23K | No change |
| CID HOLDCO INC | 0.01% | 22,822 | $10K | Add +112.1% |
Portfolio Sells Q3 2025 → Q4 2025
| APH Amphenol Corp. Class A | Sold out | 0.00% | −1.05 |
| AAPL Apple Inc. | Reduce -63.5% | 0.38% | −0.61 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.53 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.51 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.48 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.41 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.39 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.39 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.37 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.31 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.27 |
| ATR Aptargroup Inc. | Sold out | 0.00% | −0.26 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.26 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.25 |
| WAT Waters Corp. | Sold out | 0.00% | −0.24 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.23 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.22 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.19 |
| IEX Idex Corp. | Sold out | 0.00% | −0.17 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.15 |
| ORCL Oracle Corp. | Reduce -7.5% | 0.25% | −0.14 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.14 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -51.0% | 0.23% | −0.14 |
| USB US Bancorp | Sold out | 0.00% | −0.14 |
| MU Micron Technology Inc. | Reduce -52.0% | 0.36% | −0.08 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -1.6% | 2.16% | −0.06 |
| VONV Vanguard Russell 1000 Value | Reduce -7.8% | 0.63% | −0.04 |
| BAER Bridger Aerospace Group Hold | Sold out | 0.00% | −0.02 |
| WMT Walmart Inc. | Reduce -7.5% | 0.56% | −0.00 |
| SCHO Schwab Short-Term US Treas | Reduce -0.2% | 0.19% | −0.00 |
| NAK Northern Dynasty Minerals | Reduce -39.0% | 0.04% | −0.00 |
| ITOT iShares Core S&P Total U.S. | Reduce -1.3% | 0.18% | 0.00 |
| DFAT Dimensional US Target Value | Reduce -0.3% | 5.15% | +0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| DFIP Dimensional Inflation-Protec | Add +26.4% | 8.66% | +1.64 |
| DFAC Dimensional US Core Equity 2 | Add +6.9% | 16.77% | +1.37 |
| DUHP Dimensional US High Profi Et | Add +9.8% | 9.77% | +0.86 |
| DFIC Dimensional International Co. | Add +4.4% | 9.97% | +0.81 |
| DFSV Dimensional US Small Cap Val | Add +7.2% | 8.10% | +0.73 |
| IBIT iShares Bitcoin Trust ETF | New | 0.37% | +0.37 |
| DFEM Dimensional Emrg MRKT Core | Add +4.9% | 4.64% | +0.32 |
| VGSH Vanguard Short-Term Treasury | Add +3.4% | 10.72% | +0.25 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.0% | 4.97% | +0.21 |
| DFCA Dimensional Calfornia MB ETF | Add +36.9% | 0.61% | +0.16 |
| AMZN Amazon.com Inc. | New | 0.16% | +0.16 |
| DFNM Dimensional National Muni BD | Add +9.3% | 1.85% | +0.15 |
| AVGO Broadcom Inc. | New | 0.14% | +0.14 |
| DFIV Dimensional International Va | New | 0.14% | +0.14 |
| ETHA iShares Ethereum Trust ETF | New | 0.13% | +0.13 |
| IMTM iShares MSCI Intl Momentum F | New | 0.13% | +0.13 |
| DIHP Dimensional International Hi | New | 0.13% | +0.13 |
| SGOV iShares 0-3 Month Treasury B | Add +6.8% | 2.40% | +0.13 |
| WFC Wells Fargo & Co. | Add +1.4% | 0.85% | +0.09 |
| DCOR Dimensional US Core Eq 1 ETF | Add +12.3% | 0.66% | +0.08 |
| CSCO Cisco Systems Inc. | Add +4.4% | 0.51% | +0.07 |
| DFAI Dimensional International Co. | Add +1.9% | 0.78% | +0.04 |
| NVDA Nvidia Corp. | Add +5.5% | 0.88% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +10.5% | 0.31% | +0.04 |
| MSFT Microsoft Corp. | Add +18.4% | 0.37% | +0.03 |
| TSLA Tesla Inc. | Add +9.9% | 0.19% | +0.02 |
| DFAE Dimensional Emerging Core Eq | Add +7.0% | 0.16% | +0.01 |
| CID HOLDCO INC | Add +112.1% | 0.01% | −0.01 |
| HD Home Depot Inc. | Add +5.1% | 0.14% | −0.02 |
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 |