Applied Capital

LITTLE ROCK, ARfiles as Applied Capital LLC

$310m in 53 US stocks at the end of 30 June 2026. The top 10 are 77.5% of the money. It changed about 2.9% of the portfolio this quarter.

Value

$310m

Stocks

Top 10 share

77.5%

Turnover

2.9%

What changed this quarter

New

Bought for the first time this quarter.

Innovator Etfs TrustZJUN
0.1% of the fund
Innovator Etfs TrustDDFZ
0.1% of the fund
Fidelity Covington TrustFTEC
<0.1% of the fund
Innovator Etfs TrustDDFL
<0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard Index FDSVOO
13.4% of the fund
+5%
Vanguard Tax-Managed FDSVEA
8.2% of the fund
+6%
Vanguard Index FDSVXF
5.9% of the fund
+7%
Dimensional ETF TrustDFIC
5.8% of the fund
+5%
Vanguard Scottsdale FDSBNDW
5.5% of the fund
+13%
Dimensional ETF TrustDUHP
5.0% of the fund
+5%
Vanguard Intl Equity Index FVWO
3.3% of the fund
+7%
Dimensional ETF TrustDFGP
2.1% of the fund
+2%
Dimensional ETF TrustDFCF
1.8% of the fund
+3%
Dimensional ETF TrustDIHP
1.8% of the fund
+5%
Innovator Etfs TrustBALT
1.2% of the fund
+34%
Dimensional ETF TrustDFUS
1.0% of the fund
+6%
Dimensional ETF TrustDUSB
1.0% of the fund
+55%
Dimensional ETF TrustDFAR
0.9% of the fund
+4%
Vanguard BD Index FDSBND
0.7% of the fund
+89%
Vanguard World FDVGT
0.5% of the fund
+5%
Dimensional ETF TrustDXUV
0.4% of the fund
+13%
Innovator Etfs TrustBUFF
0.4% of the fund
+21%
Vanguard Charlotte FDSBNDX
0.2% of the fund
+92%
Dimensional ETF TrustDXIV
0.2% of the fund
+14%
MicrosoftMSFT
<0.1% of the fund
+4%
Innovator Etfs TrustZJAN
<0.1% of the fund
+3%

Cut

Sold some of their stake.

Vanguard Index FDSVTI
6.5% of the fund
-5%
Vanguard Star FDSVXUS
3.9% of the fund
-5%
Dimensional EmergingDEXC
1.0% of the fund
-8%
Dimensional ETF TrustDFSD
0.7% of the fund
-2%
Vanguard BD Index FDSVUSB
0.7% of the fund
-13%
Dimensional ETF TrustDEHP
0.7% of the fund
-11%
Dimensional ETF TrustDFEM
0.6% of the fund
-6%
Dimensional ETF TrustDFEV
0.6% of the fund
-7%
Vanguard Scottsdale FDSVGSH
0.4% of the fund
-14%
Calamos ETF TRCPSL
0.2% of the fund
-12%
American Centy ETF TRAVXC
0.2% of the fund
-16%
Pgim ETF TRPULS
0.1% of the fund
-4%
AIM ETF Products TrustQBSF
<0.1% of the fund
-15%
State STR Spdr S&P 500 ETF TSPY
<0.1% of the fund
-9%

Sold out

Sold their entire stake.

Innovator Etfs TrustAJUL
-100%

Holdings

Dimensional ETF TrustDFAC
Share
20.1%
Value
$62m
Shares
1,403,337
Held
Vanguard Index FDSVOO
Share
13.4%
Value
$41m
Shares
60,362
+5%
Vanguard Tax-Managed FDSVEA
Share
8.2%
Value
$25m
Shares
357,083
+6%
Vanguard Index FDSVTI
Share
6.5%
Value
$20m
Shares
54,824
-5%
Vanguard Index FDSVXF
Share
5.9%
Value
$18m
Shares
74,370
+7%
Dimensional ETF TrustDFIC
Share
5.8%
Value
$18m
Shares
481,952
+5%
Vanguard Scottsdale FDSBNDW
Share
5.5%
Value
$17m
Shares
247,229
+13%
Dimensional ETF TrustDUHP
Share
5.0%
Value
$15m
Shares
370,116
+5%
Vanguard Star FDSVXUS
Share
3.9%
Value
$12m
Shares
141,621
-5%
Vanguard Intl Equity Index FVWO
Share
3.3%
Value
$10m
Shares
172,430
+7%
Dimensional ETF TrustDFGP
Share
2.1%
Value
$7m
Shares
120,737
+2%
Dimensional ETF TrustDFCF
Share
1.8%
Value
$6m
Shares
135,391
+3%
Dimensional ETF TrustDIHP
Share
1.8%
Value
$5m
Shares
160,776
+5%
Innovator Etfs TrustBALT
Share
1.2%
Value
$4m
Shares
111,316
+34%
Dimensional ETF TrustDFAT
Share
1.0%
Value
$3m
Shares
46,620
Held
Dimensional ETF TrustDFUS
Share
1.0%
Value
$3m
Shares
38,025
+6%
Dimensional ETF TrustDUSB
Share
1.0%
Value
$3m
Shares
60,249
+55%
Dimensional EmergingDEXC
Share
1.0%
Value
$3m
Shares
35,871
-8%
Dimensional ETF TrustDFAX
Share
0.9%
Value
$3m
Shares
74,069
Held
Dimensional ETF TrustDFAR
Share
0.9%
Value
$3m
Shares
103,831
+4%
Vanguard BD Index FDSBND
Share
0.7%
Value
$2m
Shares
29,661
+89%
Dimensional ETF TrustDFSD
Share
0.7%
Value
$2m
Shares
45,367
-2%
Dimensional ETF TrustDFIV
Share
0.7%
Value
$2m
Shares
38,926
Held
Vanguard BD Index FDSVUSB
Share
0.7%
Value
$2m
Shares
41,146
-13%
Dimensional ETF TrustDEHP
Share
0.7%
Value
$2m
Shares
47,335
-11%
Dimensional ETF TrustDFEM
Share
0.6%
Value
$2m
Shares
48,275
-6%
Dimensional ETF TrustDFEV
Share
0.6%
Value
$2m
Shares
45,977
-7%
Dimensional ETF TrustDFUV
Share
0.5%
Value
$2m
Shares
30,776
Held
Vanguard World FDVGT
Share
0.5%
Value
$2m
Shares
12,986
+5%
Vanguard Scottsdale FDSVGSH
Share
0.4%
Value
$1m
Shares
22,639
-14%
Dimensional ETF TrustDFNM
Share
0.4%
Value
$1m
Shares
25,037
Held
Dimensional ETF TrustDXUV
Share
0.4%
Value
$1m
Shares
17,288
+13%
Innovator Etfs TrustBUFF
Share
0.4%
Value
$1m
Shares
21,522
+21%
Calamos ETF TRCPSL
Share
0.2%
Value
$729,064
Shares
26,113
-12%
Vanguard Charlotte FDSBNDX
Share
0.2%
Value
$679,182
Shares
14,024
+92%
American Centy ETF TRAVXC
Share
0.2%
Value
$658,419
Shares
7,687
-16%
Dimensional ETF TrustDXIV
Share
0.2%
Value
$539,221
Shares
7,703
+14%
Ishares TRICSH
Share
0.2%
Value
$498,415
Shares
9,854
Held
Vanguard Intl Equity Index FVT
Share
0.1%
Value
$465,059
Shares
2,963
Held
Innovator Etfs TrustZJUN
Share
0.1%
Value
$455,846
Shares
14,621
New
Vanguard Index FDSVTV
Share
0.1%
Value
$449,299
Shares
2,062
Held
Innovator Etfs TrustDDFZ
Share
0.1%
Value
$409,148
Shares
21,101
New
Pgim ETF TRPULS
Share
0.1%
Value
$394,129
Shares
7,954
-4%
Vaneck ETF TrustANGL
Share
0.1%
Value
$344,467
Shares
11,781
Held
CaterpillarCAT
Share
0.1%
Value
$326,924
Shares
307
Held
AppleAAPL
Share
0.1%
Value
$316,256
Shares
1,093
Held
AIM ETF Products TrustQBSF
Share
<0.1%
Value
$278,851
Shares
10,324
-15%
MicrosoftMSFT
Share
<0.1%
Value
$264,844
Shares
710
+4%
Meta PlatformsMETA
Share
<0.1%
Value
$255,734
Shares
454
Held
Fidelity Covington TrustFTEC
Share
<0.1%
Value
$244,574
Shares
856
New
Innovator Etfs TrustZJAN
Share
<0.1%
Value
$233,724
Shares
8,349
+3%
State STR Spdr S&P 500 ETF TSPY
Share
<0.1%
Value
$228,624
Shares
306
-9%
Innovator Etfs TrustDDFL
Share
<0.1%
Value
$211,543
Shares
9,964
New

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAC	20.1%	$62m	1,403,337	Held
Vanguard Index FDSVOO	13.4%	$41m	60,362	+5%
Vanguard Tax-Managed FDSVEA	8.2%	$25m	357,083	+6%
Vanguard Index FDSVTI	6.5%	$20m	54,824	-5%
Vanguard Index FDSVXF	5.9%	$18m	74,370	+7%
Dimensional ETF TrustDFIC	5.8%	$18m	481,952	+5%
Vanguard Scottsdale FDSBNDW	5.5%	$17m	247,229	+13%
Dimensional ETF TrustDUHP	5.0%	$15m	370,116	+5%
Vanguard Star FDSVXUS	3.9%	$12m	141,621	-5%
Vanguard Intl Equity Index FVWO	3.3%	$10m	172,430	+7%
Dimensional ETF TrustDFGP	2.1%	$7m	120,737	+2%
Dimensional ETF TrustDFCF	1.8%	$6m	135,391	+3%
Dimensional ETF TrustDIHP	1.8%	$5m	160,776	+5%
Innovator Etfs TrustBALT	1.2%	$4m	111,316	+34%
Dimensional ETF TrustDFAT	1.0%	$3m	46,620	Held
Dimensional ETF TrustDFUS	1.0%	$3m	38,025	+6%
Dimensional ETF TrustDUSB	1.0%	$3m	60,249	+55%
Dimensional EmergingDEXC	1.0%	$3m	35,871	-8%
Dimensional ETF TrustDFAX	0.9%	$3m	74,069	Held
Dimensional ETF TrustDFAR	0.9%	$3m	103,831	+4%
Vanguard BD Index FDSBND	0.7%	$2m	29,661	+89%
Dimensional ETF TrustDFSD	0.7%	$2m	45,367	-2%
Dimensional ETF TrustDFIV	0.7%	$2m	38,926	Held
Vanguard BD Index FDSVUSB	0.7%	$2m	41,146	-13%
Dimensional ETF TrustDEHP	0.7%	$2m	47,335	-11%
Dimensional ETF TrustDFEM	0.6%	$2m	48,275	-6%
Dimensional ETF TrustDFEV	0.6%	$2m	45,977	-7%
Dimensional ETF TrustDFUV	0.5%	$2m	30,776	Held
Vanguard World FDVGT	0.5%	$2m	12,986	+5%
Vanguard Scottsdale FDSVGSH	0.4%	$1m	22,639	-14%
Dimensional ETF TrustDFNM	0.4%	$1m	25,037	Held
Dimensional ETF TrustDXUV	0.4%	$1m	17,288	+13%
Innovator Etfs TrustBUFF	0.4%	$1m	21,522	+21%
Calamos ETF TRCPSL	0.2%	$729,064	26,113	-12%
Vanguard Charlotte FDSBNDX	0.2%	$679,182	14,024	+92%
American Centy ETF TRAVXC	0.2%	$658,419	7,687	-16%
Dimensional ETF TrustDXIV	0.2%	$539,221	7,703	+14%
Ishares TRICSH	0.2%	$498,415	9,854	Held
Vanguard Intl Equity Index FVT	0.1%	$465,059	2,963	Held
Innovator Etfs TrustZJUN	0.1%	$455,846	14,621	New
Vanguard Index FDSVTV	0.1%	$449,299	2,062	Held
Innovator Etfs TrustDDFZ	0.1%	$409,148	21,101	New
Pgim ETF TRPULS	0.1%	$394,129	7,954	-4%
Vaneck ETF TrustANGL	0.1%	$344,467	11,781	Held
CaterpillarCAT	0.1%	$326,924	307	Held
AppleAAPL	0.1%	$316,256	1,093	Held
AIM ETF Products TrustQBSF	<0.1%	$278,851	10,324	-15%
MicrosoftMSFT	<0.1%	$264,844	710	+4%
Meta PlatformsMETA	<0.1%	$255,734	454	Held
Fidelity Covington TrustFTEC	<0.1%	$244,574	856	New
Innovator Etfs TrustZJAN	<0.1%	$233,724	8,349	+3%
State STR Spdr S&P 500 ETF TSPY	<0.1%	$228,624	306	-9%
Innovator Etfs TrustDDFL	<0.1%	$211,543	9,964	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 36.6% since 30 June 2025.

Where the money is

Technology0.2%

Industrials0.1%

Media & telecom0.1%

Other99.6%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.