Burton Enright Welch

WALNUT CREEK, CA

$852m in 136 US stocks at the end of 30 June 2026. The top 10 are 67.8% of the money. It changed about 3.8% of the portfolio this quarter.

Value

$852m

Stocks

136

Top 10 share

67.8%

Turnover

3.8%

What changed this quarter

New

Bought for the first time this quarter.

Advanced Micro DevicesAMD
<0.1% of the fund
Vanguard Scottsdale FDSVGSH
<0.1% of the fund
Micron TechnologyMU
<0.1% of the fund
InvescoIVZ
<0.1% of the fund
Vanguard Malvern FDSVSDB
<0.1% of the fund
Morgan StanleyMS
<0.1% of the fund
Vanguard Index FDSVO
<0.1% of the fund

Added

Bought more of a stock they already held.

Dimensional ETF TrustDFAC
20.7% of the fund
+6%
American Centy ETF TRAVUV
7.4% of the fund
+4%
Vanguard Charlotte FDSBNDX
6.7% of the fund
+15%
Dimensional ETF TrustDUHP
5.9% of the fund
+7%
Dimensional ETF TrustDFIC
5.4% of the fund
+8%
Dimensional ETF TrustDFEM
5.1% of the fund
+4%
Vanguard Malvern FDSVCRB
3.4% of the fund
+27%
Vanguard Malvern FDSVTIP
2.5% of the fund
+15%
Dimensional ETF TrustDFAR
2.3% of the fund
+7%
Capital Group Intl Focus EQTCGXU
1.8% of the fund
+28%
AppleAAPL
1.1% of the fund
+3%
NvidiaNVDA
0.7% of the fund
+84%
Vanguard Instl Index FDVBIL
0.6% of the fund
+53%
Amazon.comAMZN
0.4% of the fund
+4%
Vanguard Wellington FDVTES
0.4% of the fund
+50%
Vanguard Index FDSVOO
0.3% of the fund
+7%
Vanguard Calif TAX Free FDSVTEC
0.3% of the fund
+33%
State STR Spdr S&P 500 ETF TSPY
0.2% of the fund
+28%
Vanguard MUN BD FDSVCRM
0.2% of the fund
+9%
Vanguard Malvern FDSVPLS
0.2% of the fund
+24%
Vanguard MUN BD FDSVSDM
0.2% of the fund
+38%
Capital GRP Fixed Incm ETF TCGMU
0.2% of the fund
+33%
Meta PlatformsMETA
0.2% of the fund
+19%
Dimensional ETF TrustDFCA
0.1% of the fund
+8%
Vanguard Ultra-ShortVGUS
<0.1% of the fund
+18%

Cut

Sold some of their stake.

American Centy ETF TRAVEM
1.9% of the fund
-7%
MckessonMCK
1.0% of the fund
-3%
Vanguard Intl Equity Index FVGK
0.9% of the fund
-4%
Capital Group InternationalCGIE
0.6% of the fund
-4%
Dimensional ETF TrustDFAT
0.5% of the fund
-3%
Dimensional ETF TrustDFAU
0.5% of the fund
-8%
Dimensional ETF TrustDCOR
0.5% of the fund
-5%
Dimensional ETF TrustDFSU
0.4% of the fund
-4%
Dimensional ETF TrustDFGR
0.4% of the fund
-3%
AlphabetGOOGL
0.3% of the fund
-9%
Eli LillyLLY
0.3% of the fund
-22%
Ishares TRIEUR
0.3% of the fund
-4%
CaterpillarCAT
0.2% of the fund
-11%
Vanguard Index FDSVNQ
0.2% of the fund
-9%
Costco WholesaleCOST
0.2% of the fund
-6%
VisaV
0.2% of the fund
-8%
Dimensional ETF TrustDFSE
0.1% of the fund
-6%
American Centy ETF TRAVSE
0.1% of the fund
-2%
Johnson & JohnsonJNJ
0.1% of the fund
-6%
JPMorgan ChaseJPM
0.1% of the fund
-21%
Williams SonomaWSM
<0.1% of the fund
-5%
Cadence Design SystemsCDNS
<0.1% of the fund
-13%
Ishares TRIJH
<0.1% of the fund
-19%
Home DepotHD
<0.1% of the fund
-10%
Vanguard BD Index FDSBND
<0.1% of the fund
-16%

Sold out

Sold their entire stake.

Vanguard Index FDSVUG
-100%
NetflixNFLX
-100%
CitigroupC
-100%
Trane TechnologiesTT
-100%
CerusCERS
-100%

Holdings

Dimensional ETF TrustDFAC
Share
20.7%
Value
$176m
Shares
3,976,632
+6%
American Centy ETF TRAVUV
Share
7.4%
Value
$63m
Shares
507,991
+4%
American Centy ETF TRAVDV
Share
6.7%
Value
$57m
Shares
554,449
Held
Vanguard Charlotte FDSBNDX
Share
6.7%
Value
$57m
Shares
1,174,634
+15%
Dimensional ETF TrustDUHP
Share
5.9%
Value
$50m
Shares
1,194,965
+7%
Dimensional ETF TrustDFIC
Share
5.4%
Value
$46m
Shares
1,238,480
+8%
Dimensional ETF TrustDFEM
Share
5.1%
Value
$44m
Shares
1,073,188
+4%
American Centy ETF TRAVUS
Share
4.0%
Value
$34m
Shares
265,570
Held
Vanguard Malvern FDSVCRB
Share
3.4%
Value
$29m
Shares
370,543
+27%
Vanguard Malvern FDSVTIP
Share
2.5%
Value
$21m
Shares
422,683
+15%
American Centy ETF TRAVDE
Share
2.3%
Value
$20m
Shares
220,226
Held
Dimensional ETF TrustDFAR
Share
2.3%
Value
$20m
Shares
750,411
+7%
American Centy ETF TRAVEM
Share
1.9%
Value
$17m
Shares
171,345
-7%
Capital Group Intl Focus EQTCGXU
Share
1.8%
Value
$15m
Shares
445,713
+28%
ChevronCVX
Share
1.5%
Value
$13m
Shares
79,217
Held
AppleAAPL
Share
1.1%
Value
$10m
Shares
33,722
+3%
MckessonMCK
Share
1.0%
Value
$9m
Shares
11,745
-3%
Vanguard Intl Equity Index FVGK
Share
0.9%
Value
$8m
Shares
87,560
-4%
NvidiaNVDA
Share
0.7%
Value
$6m
Shares
30,449
+84%
Lincoln Electric HoldingsLECO
Share
0.7%
Value
$6m
Shares
22,764
Held
J P Morgan Exchange Traded FJQUA
Share
0.7%
Value
$6m
Shares
80,157
Held
Capital Group InternationalCGIE
Share
0.6%
Value
$5m
Shares
142,416
-4%
Vanguard Instl Index FDVBIL
Share
0.6%
Value
$5m
Shares
63,128
+53%
Dimensional ETF TrustDFAE
Share
0.5%
Value
$5m
Shares
114,926
Held
Dimensional ETF TrustDFAT
Share
0.5%
Value
$4m
Shares
60,666
-3%
Dimensional ETF TrustDFAU
Share
0.5%
Value
$4m
Shares
79,505
-8%
Dimensional ETF TrustDCOR
Share
0.5%
Value
$4m
Shares
47,278
-5%
Dimensional ETF TrustDFSV
Share
0.4%
Value
$3m
Shares
89,295
Held
BroadcomAVGO
Share
0.4%
Value
$3m
Shares
8,923
Held
Dimensional ETF TrustDFSU
Share
0.4%
Value
$3m
Shares
67,495
-4%
Amazon.comAMZN
Share
0.4%
Value
$3m
Shares
13,140
+4%
Dimensional ETF TrustDFGR
Share
0.4%
Value
$3m
Shares
107,587
-3%
MicrosoftMSFT
Share
0.4%
Value
$3m
Shares
8,319
Held
Vanguard Wellington FDVTES
Share
0.4%
Value
$3m
Shares
30,543
+50%
Dimensional ETF TrustDISV
Share
0.4%
Value
$3m
Shares
76,398
Held
Bank of AmericaBAC
Share
0.4%
Value
$3m
Shares
53,573
Held
Vanguard Index FDSVOO
Share
0.3%
Value
$3m
Shares
3,967
+7%
AlphabetGOOGL
Share
0.3%
Value
$3m
Shares
7,591
-9%
Vanguard Calif TAX Free FDSVTEC
Share
0.3%
Value
$3m
Shares
26,470
+33%
TeslaTSLA
Share
0.3%
Value
$3m
Shares
6,287
Held
ConnectOne BancorpCNOB
Share
0.3%
Value
$3m
Shares
77,504
Held
Dimensional ETF TrustDFAI
Share
0.3%
Value
$3m
Shares
62,583
Held
AlphabetGOOG
Share
0.3%
Value
$2m
Shares
6,995
Held
Ishares TRQUAL
Share
0.3%
Value
$2m
Shares
11,028
Held
Ishares TRIVV
Share
0.3%
Value
$2m
Shares
3,223
Held
Eli LillyLLY
Share
0.3%
Value
$2m
Shares
1,977
-22%
Ishares TRIEUR
Share
0.3%
Value
$2m
Shares
28,911
-4%
IntelINTC
Share
0.2%
Value
$2m
Shares
14,349
Held
State STR Spdr S&P 500 ETF TSPY
Share
0.2%
Value
$2m
Shares
2,498
+28%
Vanguard MUN BD FDSVCRM
Share
0.2%
Value
$2m
Shares
23,346
+9%
Vanguard Malvern FDSVPLS
Share
0.2%
Value
$2m
Shares
22,661
+24%
American Centy ETF TRAVSU
Share
0.2%
Value
$2m
Shares
19,135
Held
Vanguard MUN BD FDSVSDM
Share
0.2%
Value
$2m
Shares
21,387
+38%
Berkshire HathawayBRK-B
Share
0.2%
Value
$2m
Shares
3,235
Held
CaterpillarCAT
Share
0.2%
Value
$2m
Shares
1,496
-11%
Capital GRP Fixed Incm ETF TCGMU
Share
0.2%
Value
$2m
Shares
57,966
+33%
Vanguard Index FDSVXF
Share
0.2%
Value
$2m
Shares
6,360
Held
Vanguard Index FDSVNQ
Share
0.2%
Value
$1m
Shares
15,157
-9%
Meta PlatformsMETA
Share
0.2%
Value
$1m
Shares
2,456
+19%
Costco WholesaleCOST
Share
0.2%
Value
$1m
Shares
1,444
-6%
VisaV
Share
0.2%
Value
$1m
Shares
3,797
-8%
Dimensional ETF TrustDFSE
Share
0.1%
Value
$1m
Shares
25,287
-6%
American Centy ETF TRAVSD
Share
0.1%
Value
$1m
Shares
15,190
Held
Capital GRP Fixed Incm ETF TCGSM
Share
0.1%
Value
$1m
Shares
44,124
Held
Vanguard Tax-Managed FDSVEA
Share
0.1%
Value
$1m
Shares
16,179
Held
Schwab Strategic TRSCHB
Share
0.1%
Value
$1m
Shares
35,105
Held
Dimensional ETF TrustDFCA
Share
0.1%
Value
$995,622
Shares
19,841
+8%
American Centy ETF TRAVSE
Share
0.1%
Value
$927,617
Shares
11,335
-2%
Johnson & JohnsonJNJ
Share
0.1%
Value
$893,467
Shares
3,518
-6%
JPMorgan ChaseJPM
Share
0.1%
Value
$888,172
Shares
2,713
-21%
Vanguard Star FDSVXUS
Share
0.1%
Value
$875,355
Shares
10,239
Held
Ishares TRIWF
Share
0.1%
Value
$873,667
Shares
7,036
Held
Williams SonomaWSM
Share
<0.1%
Value
$841,958
Shares
3,612
-5%
Cadence Design SystemsCDNS
Share
<0.1%
Value
$835,087
Shares
2,225
-13%
Ishares TRIJH
Share
<0.1%
Value
$720,593
Shares
9,345
-19%
Cisco SystemsCSCO
Share
<0.1%
Value
$719,259
Shares
6,123
Held
Home DepotHD
Share
<0.1%
Value
$706,738
Shares
2,004
-10%
Expeditors International of WashingtonEXPD
Share
<0.1%
Value
$686,309
Shares
4,211
Held
Ishares TRIWD
Share
<0.1%
Value
$679,076
Shares
2,801
Held
Vanguard Ultra-ShortVGUS
Share
<0.1%
Value
$676,776
Shares
8,945
+18%
OracleORCL
Share
<0.1%
Value
$673,600
Shares
4,596
Held
FortinetFTNT
Share
<0.1%
Value
$655,036
Shares
4,264
+36%
Capital Group InternationalCGIC
Share
<0.1%
Value
$634,315
Shares
17,431
Held
Wells Fargo & CompanyWFC
Share
<0.1%
Value
$628,186
Shares
7,601
+9%
Automatic Data ProcessingADP
Share
<0.1%
Value
$616,943
Shares
2,755
Held
Advanced Micro DevicesAMD
Share
<0.1%
Value
$572,778
Shares
986
New
Vanguard Index FDSVTI
Share
<0.1%
Value
$566,410
Shares
1,531
+14%
Vanguard BD Index FDSBND
Share
<0.1%
Value
$552,794
Shares
7,530
-16%
Vanguard Intl Equity Index FVWO
Share
<0.1%
Value
$551,059
Shares
9,232
-4%
General ElectricGE
Share
<0.1%
Value
$549,625
Shares
1,471
+6%
Applied MaterialsAMAT
Share
<0.1%
Value
$548,757
Shares
759
-30%
StrykerSYK
Share
<0.1%
Value
$545,835
Shares
1,734
Held
Dimensional ETF TrustDFSI
Share
<0.1%
Value
$532,902
Shares
11,816
Held
Dimensional ETF TrustDFNM
Share
<0.1%
Value
$508,726
Shares
10,525
+3%
Vanguard Intl Equity Index FVT
Share
<0.1%
Value
$500,580
Shares
3,189
+3%
ExxonMobil HoldingsXOM
Share
<0.1%
Value
$497,074
Shares
3,636
-12%
Vanguard Admiral FDSVOOG
Share
<0.1%
Value
$486,718
Shares
5,891
Held
Schwab Strategic TRSCHX
Share
<0.1%
Value
$461,583
Shares
15,684
Held
GE VernovaGEV
Share
<0.1%
Value
$460,845
Shares
392
+13%
Procter & GamblePG
Share
<0.1%
Value
$445,017
Shares
3,035
-7%

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAC	20.7%	$176m	3,976,632	+6%
American Centy ETF TRAVUV	7.4%	$63m	507,991	+4%
American Centy ETF TRAVDV	6.7%	$57m	554,449	Held
Vanguard Charlotte FDSBNDX	6.7%	$57m	1,174,634	+15%
Dimensional ETF TrustDUHP	5.9%	$50m	1,194,965	+7%
Dimensional ETF TrustDFIC	5.4%	$46m	1,238,480	+8%
Dimensional ETF TrustDFEM	5.1%	$44m	1,073,188	+4%
American Centy ETF TRAVUS	4.0%	$34m	265,570	Held
Vanguard Malvern FDSVCRB	3.4%	$29m	370,543	+27%
Vanguard Malvern FDSVTIP	2.5%	$21m	422,683	+15%
American Centy ETF TRAVDE	2.3%	$20m	220,226	Held
Dimensional ETF TrustDFAR	2.3%	$20m	750,411	+7%
American Centy ETF TRAVEM	1.9%	$17m	171,345	-7%
Capital Group Intl Focus EQTCGXU	1.8%	$15m	445,713	+28%
ChevronCVX	1.5%	$13m	79,217	Held
AppleAAPL	1.1%	$10m	33,722	+3%
MckessonMCK	1.0%	$9m	11,745	-3%
Vanguard Intl Equity Index FVGK	0.9%	$8m	87,560	-4%
NvidiaNVDA	0.7%	$6m	30,449	+84%
Lincoln Electric HoldingsLECO	0.7%	$6m	22,764	Held
J P Morgan Exchange Traded FJQUA	0.7%	$6m	80,157	Held
Capital Group InternationalCGIE	0.6%	$5m	142,416	-4%
Vanguard Instl Index FDVBIL	0.6%	$5m	63,128	+53%
Dimensional ETF TrustDFAE	0.5%	$5m	114,926	Held
Dimensional ETF TrustDFAT	0.5%	$4m	60,666	-3%
Dimensional ETF TrustDFAU	0.5%	$4m	79,505	-8%
Dimensional ETF TrustDCOR	0.5%	$4m	47,278	-5%
Dimensional ETF TrustDFSV	0.4%	$3m	89,295	Held
BroadcomAVGO	0.4%	$3m	8,923	Held
Dimensional ETF TrustDFSU	0.4%	$3m	67,495	-4%
Amazon.comAMZN	0.4%	$3m	13,140	+4%
Dimensional ETF TrustDFGR	0.4%	$3m	107,587	-3%
MicrosoftMSFT	0.4%	$3m	8,319	Held
Vanguard Wellington FDVTES	0.4%	$3m	30,543	+50%
Dimensional ETF TrustDISV	0.4%	$3m	76,398	Held
Bank of AmericaBAC	0.4%	$3m	53,573	Held
Vanguard Index FDSVOO	0.3%	$3m	3,967	+7%
AlphabetGOOGL	0.3%	$3m	7,591	-9%
Vanguard Calif TAX Free FDSVTEC	0.3%	$3m	26,470	+33%
TeslaTSLA	0.3%	$3m	6,287	Held
ConnectOne BancorpCNOB	0.3%	$3m	77,504	Held
Dimensional ETF TrustDFAI	0.3%	$3m	62,583	Held
AlphabetGOOG	0.3%	$2m	6,995	Held
Ishares TRQUAL	0.3%	$2m	11,028	Held
Ishares TRIVV	0.3%	$2m	3,223	Held
Eli LillyLLY	0.3%	$2m	1,977	-22%
Ishares TRIEUR	0.3%	$2m	28,911	-4%
IntelINTC	0.2%	$2m	14,349	Held
State STR Spdr S&P 500 ETF TSPY	0.2%	$2m	2,498	+28%
Vanguard MUN BD FDSVCRM	0.2%	$2m	23,346	+9%
Vanguard Malvern FDSVPLS	0.2%	$2m	22,661	+24%
American Centy ETF TRAVSU	0.2%	$2m	19,135	Held
Vanguard MUN BD FDSVSDM	0.2%	$2m	21,387	+38%
Berkshire HathawayBRK-B	0.2%	$2m	3,235	Held
CaterpillarCAT	0.2%	$2m	1,496	-11%
Capital GRP Fixed Incm ETF TCGMU	0.2%	$2m	57,966	+33%
Vanguard Index FDSVXF	0.2%	$2m	6,360	Held
Vanguard Index FDSVNQ	0.2%	$1m	15,157	-9%
Meta PlatformsMETA	0.2%	$1m	2,456	+19%
Costco WholesaleCOST	0.2%	$1m	1,444	-6%
VisaV	0.2%	$1m	3,797	-8%
Dimensional ETF TrustDFSE	0.1%	$1m	25,287	-6%
American Centy ETF TRAVSD	0.1%	$1m	15,190	Held
Capital GRP Fixed Incm ETF TCGSM	0.1%	$1m	44,124	Held
Vanguard Tax-Managed FDSVEA	0.1%	$1m	16,179	Held
Schwab Strategic TRSCHB	0.1%	$1m	35,105	Held
Dimensional ETF TrustDFCA	0.1%	$995,622	19,841	+8%
American Centy ETF TRAVSE	0.1%	$927,617	11,335	-2%
Johnson & JohnsonJNJ	0.1%	$893,467	3,518	-6%
JPMorgan ChaseJPM	0.1%	$888,172	2,713	-21%
Vanguard Star FDSVXUS	0.1%	$875,355	10,239	Held
Ishares TRIWF	0.1%	$873,667	7,036	Held
Williams SonomaWSM	<0.1%	$841,958	3,612	-5%
Cadence Design SystemsCDNS	<0.1%	$835,087	2,225	-13%
Ishares TRIJH	<0.1%	$720,593	9,345	-19%
Cisco SystemsCSCO	<0.1%	$719,259	6,123	Held
Home DepotHD	<0.1%	$706,738	2,004	-10%
Expeditors International of WashingtonEXPD	<0.1%	$686,309	4,211	Held
Ishares TRIWD	<0.1%	$679,076	2,801	Held
Vanguard Ultra-ShortVGUS	<0.1%	$676,776	8,945	+18%
OracleORCL	<0.1%	$673,600	4,596	Held
FortinetFTNT	<0.1%	$655,036	4,264	+36%
Capital Group InternationalCGIC	<0.1%	$634,315	17,431	Held
Wells Fargo & CompanyWFC	<0.1%	$628,186	7,601	+9%
Automatic Data ProcessingADP	<0.1%	$616,943	2,755	Held
Advanced Micro DevicesAMD	<0.1%	$572,778	986	New
Vanguard Index FDSVTI	<0.1%	$566,410	1,531	+14%
Vanguard BD Index FDSBND	<0.1%	$552,794	7,530	-16%
Vanguard Intl Equity Index FVWO	<0.1%	$551,059	9,232	-4%
General ElectricGE	<0.1%	$549,625	1,471	+6%
Applied MaterialsAMAT	<0.1%	$548,757	759	-30%
StrykerSYK	<0.1%	$545,835	1,734	Held
Dimensional ETF TrustDFSI	<0.1%	$532,902	11,816	Held
Dimensional ETF TrustDFNM	<0.1%	$508,726	10,525	+3%
Vanguard Intl Equity Index FVT	<0.1%	$500,580	3,189	+3%
ExxonMobil HoldingsXOM	<0.1%	$497,074	3,636	-12%
Vanguard Admiral FDSVOOG	<0.1%	$486,718	5,891	Held
Schwab Strategic TRSCHX	<0.1%	$461,583	15,684	Held
GE VernovaGEV	<0.1%	$460,845	392	+13%
Procter & GamblePG	<0.1%	$445,017	3,035	-7%

Showing the largest 100 of 136.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 47.7% since 30 June 2025.

Where the money is

Technology3.5%

Health care1.6%

Energy1.6%

Financial services1.4%

Industrials1.3%

Retail & consumer0.9%

Media & telecom0.8%

Everyday goods0.3%

Utilities0.0%

Other88.6%

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.