Financial Alternatives

LA JOLLA, CAfiles as Financial Alternatives, Inc

$203m in 84 US stocks at the end of 30 June 2026. The top 10 are 66.7% of the money. It changed about 3.4% of the portfolio this quarter.

Value

$203m

Stocks

Top 10 share

66.7%

Turnover

3.4%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Index FDSVOO
0.1% of the fund
Vanguard Scottsdale FDSVTWO
0.1% of the fund
Taiwan Semiconductor ManufacturingTSM
0.1% of the fund
IsharesESGE
0.1% of the fund
CoherentCOHR
0.1% of the fund
Goldman Sachs GroupGS
<0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard Whitehall FDSVWOB
8.4% of the fund
+4%
Vanguard Index FDSVNQ
3.3% of the fund
+2%
Vanguard Intl Equity Index FVNQI
2.4% of the fund
+3%
AppleAAPL
1.7% of the fund
+7%
TeslaTSLA
0.6% of the fund
+7%
Ishares TREAGG
0.3% of the fund
+37%
NvidiaNVDA
0.3% of the fund
+25%
Vanguard Tax-Managed FDSVEA
0.3% of the fund
+5%
AlphabetGOOGL
0.3% of the fund
+17%
Costco WholesaleCOST
0.2% of the fund
+8%
Vanguard Intl Equity Index FVWO
0.2% of the fund
+3%
Spdr Gold TRGLD
0.1% of the fund
+14%

Cut

Sold some of their stake.

J P Morgan Exchange Traded FJEPI
3.6% of the fund
-3%
Vanguard Index FDSVTI
2.5% of the fund
-5%
Vanguard Scottsdale FDSVONG
0.8% of the fund
-18%
Eaton Vance Risk-Managed Diversified Equity Income FundETJ
0.7% of the fund
-5%
Berkshire HathawayBRK-B
0.7% of the fund
-6%
Ishares TRIXUS
0.6% of the fund
-2%
Vanguard Intl Equity Index FVEU
0.6% of the fund
-4%
State STR Spdr S&P 500 ETF TSPY
0.6% of the fund
-15%
Dimensional ETF TrustDFAX
0.3% of the fund
-5%
Ishares TRIVV
0.2% of the fund
-13%
QualcommQCOM
0.2% of the fund
-40%
Ishares TRIWR
0.1% of the fund
-4%

Sold out

Sold their entire stake.

AdobeADBE
-100%

Holdings

Dimensional ETF TrustDFAC
Share
18.2%
Value
$37m
Shares
834,859
Held
Dimensional ETF TrustDFAI
Share
17.0%
Value
$34m
Shares
836,269
Held
Vanguard Whitehall FDSVWOB
Share
8.4%
Value
$17m
Shares
252,253
+4%
Dimensional ETF TrustDFAE
Share
6.3%
Value
$13m
Shares
317,955
Held
J P Morgan Exchange Traded FJEPI
Share
3.6%
Value
$7m
Shares
129,653
-3%
Vanguard Index FDSVNQ
Share
3.3%
Value
$7m
Shares
70,071
+2%
Ishares Gold TRIAU
Share
2.6%
Value
$5m
Shares
68,562
Held
Ishares TREMB
Share
2.5%
Value
$5m
Shares
52,613
Held
Vanguard Index FDSVTI
Share
2.5%
Value
$5m
Shares
13,547
-5%
Vanguard Intl Equity Index FVNQI
Share
2.4%
Value
$5m
Shares
107,792
+3%
Vanguard Index FDSVUG
Share
2.1%
Value
$4m
Shares
49,686
Held
Dimensional ETF TrustDFAU
Share
1.7%
Value
$4m
Shares
68,638
Held
AppleAAPL
Share
1.7%
Value
$3m
Shares
11,739
+7%
Vanguard Index FDSVV
Share
1.6%
Value
$3m
Shares
9,723
Held
Ishares TRHYG
Share
1.4%
Value
$3m
Shares
34,825
Held
Dimensional ETF TrustDFIC
Share
1.2%
Value
$2m
Shares
64,369
Held
Dimensional ETF TrustDFEM
Share
1.1%
Value
$2m
Shares
54,329
Held
Home DepotHD
Share
1.0%
Value
$2m
Shares
6,039
Held
SempraSRE
Share
0.9%
Value
$2m
Shares
19,741
Held
Vanguard Scottsdale FDSVONG
Share
0.8%
Value
$2m
Shares
12,225
-18%
Invesco Exchange Traded FD TSPGP
Share
0.7%
Value
$2m
Shares
12,301
Held
Ishares TRIJT
Share
0.7%
Value
$2m
Shares
8,407
Held
Berkshire Hathaway INC DELBRK-A
Share
0.7%
Value
$1m
Shares
2
Held
Eaton Vance Risk-Managed Diversified Equity Income FundETJ
Share
0.7%
Value
$1m
Shares
180,120
-5%
Berkshire HathawayBRK-B
Share
0.7%
Value
$1m
Shares
2,681
-6%
TeslaTSLA
Share
0.6%
Value
$1m
Shares
3,121
+7%
ExxonMobil HoldingsXOM
Share
0.6%
Value
$1m
Shares
9,451
Held
Ishares TRIXUS
Share
0.6%
Value
$1m
Shares
13,175
-2%
State STR Spdr DOW Jones INDDIA
Share
0.6%
Value
$1m
Shares
2,407
Held
Vanguard Intl Equity Index FVEU
Share
0.6%
Value
$1m
Shares
14,845
-4%
State STR Spdr S&P 500 ETF TSPY
Share
0.6%
Value
$1m
Shares
1,630
-15%
Vanguard Index FDSVBR
Share
0.5%
Value
$1m
Shares
4,489
Held
Ishares TRIJK
Share
0.5%
Value
$1m
Shares
9,084
Held
Vanguard Index FDSVBK
Share
0.5%
Value
$1m
Shares
2,843
Held
Ishares TRIWP
Share
0.4%
Value
$898,958
Shares
6,140
Held
Vanguard Index FDSVOE
Share
0.4%
Value
$869,775
Shares
4,402
Held
AmphenolAPH
Share
0.4%
Value
$848,629
Shares
4,813
Held
Ishares TRIJS
Share
0.4%
Value
$815,980
Shares
5,970
Held
Vanguard Index FDSVO
Share
0.4%
Value
$801,189
Shares
9,944
Held
Vanguard World FDESGV
Share
0.4%
Value
$787,259
Shares
5,953
Held
Ishares TRITOT
Share
0.4%
Value
$757,285
Shares
4,610
Held
Ishares TREAGG
Share
0.3%
Value
$679,910
Shares
14,341
+37%
Vanguard Specialized FundsVIG
Share
0.3%
Value
$656,265
Shares
2,773
Held
Dimensional ETF TrustDFAX
Share
0.3%
Value
$650,168
Shares
17,648
-5%
NvidiaNVDA
Share
0.3%
Value
$638,598
Shares
3,192
+25%
Vanguard Tax-Managed FDSVEA
Share
0.3%
Value
$631,919
Shares
8,869
+5%
Cohen & Steers Closed-EndXFOFX
Share
0.3%
Value
$607,889
Shares
43,796
Held
Ishares TRIWS
Share
0.3%
Value
$602,766
Shares
3,662
Held
VisaV
Share
0.3%
Value
$574,866
Shares
1,676
Held
Ishares TRIJJ
Share
0.3%
Value
$562,261
Shares
3,806
Held
AlphabetGOOGL
Share
0.3%
Value
$524,756
Shares
1,468
+17%
Costco WholesaleCOST
Share
0.2%
Value
$506,090
Shares
541
+8%
Vanguard Intl Equity Index FVWO
Share
0.2%
Value
$447,208
Shares
7,492
+3%
IsharesEZU
Share
0.2%
Value
$444,800
Shares
6,400
Held
Vanguard World FDMGV
Share
0.2%
Value
$442,124
Shares
2,705
Held
Ishares TREFA
Share
0.2%
Value
$436,296
Shares
4,200
Held
Vanguard Intl Equity Index FVPL
Share
0.2%
Value
$400,103
Shares
3,458
Held
Invesco Exchange Traded FD TPRFZ
Share
0.2%
Value
$360,442
Shares
6,463
Held
Vanguard World FDMGK
Share
0.2%
Value
$352,979
Shares
4,015
Held
Invesco Exchange Traded FD TPRF
Share
0.2%
Value
$352,492
Shares
6,524
Held
Ishares TRIWB
Share
0.2%
Value
$348,485
Shares
851
Held
Ishares TRIWD
Share
0.2%
Value
$348,130
Shares
1,436
Held
Ishares TRIFGL
Share
0.2%
Value
$345,865
Shares
15,510
Held
Ishares TRIVV
Share
0.2%
Value
$337,001
Shares
450
-13%
QualcommQCOM
Share
0.2%
Value
$328,927
Shares
1,780
-40%
Vanguard Admiral FDSVOOG
Share
0.2%
Value
$307,347
Shares
3,720
Held
Ishares TRIYF
Share
0.2%
Value
$306,790
Shares
2,406
Held
Ishares TRIEUS
Share
0.1%
Value
$301,756
Shares
4,360
Held
Ishares TRIWR
Share
0.1%
Value
$298,637
Shares
2,707
-4%
Vanguard Index FDSVOO
Share
0.1%
Value
$269,122
Shares
392
New
Vanguard World FDVSGX
Share
0.1%
Value
$250,329
Shares
3,040
Held
Bank of AmericaBAC
Share
0.1%
Value
$245,527
Shares
4,309
Held
Amazon.comAMZN
Share
0.1%
Value
$238,340
Shares
1,000
Held
Spdr Series TrustSDY
Share
0.1%
Value
$235,714
Shares
1,549
Held
Ishares TRIWF
Share
0.1%
Value
$234,433
Shares
1,888
Held
Spdr Gold TRGLD
Share
0.1%
Value
$234,290
Shares
636
+14%
Vanguard Scottsdale FDSVTWO
Share
0.1%
Value
$230,698
Shares
1,900
New
S&P GlobalSPGI
Share
0.1%
Value
$223,179
Shares
548
Held
Taiwan Semiconductor ManufacturingTSM
Share
0.1%
Value
$223,026
Shares
467
New
IsharesESGE
Share
0.1%
Value
$221,331
Shares
4,047
New
CoherentCOHR
Share
0.1%
Value
$215,381
Shares
546
New
Goldman Sachs GroupGS
Share
<0.1%
Value
$200,685
Shares
198
New
PIMCO Dynamic Income FundPDI
Share
<0.1%
Value
$174,298
Shares
10,437
Held
Eaton Vance Tax-Managed Global Buy-Write Opportunities FundETW
Share
<0.1%
Value
$120,173
Shares
12,466
Held

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAC	18.2%	$37m	834,859	Held
Dimensional ETF TrustDFAI	17.0%	$34m	836,269	Held
Vanguard Whitehall FDSVWOB	8.4%	$17m	252,253	+4%
Dimensional ETF TrustDFAE	6.3%	$13m	317,955	Held
J P Morgan Exchange Traded FJEPI	3.6%	$7m	129,653	-3%
Vanguard Index FDSVNQ	3.3%	$7m	70,071	+2%
Ishares Gold TRIAU	2.6%	$5m	68,562	Held
Ishares TREMB	2.5%	$5m	52,613	Held
Vanguard Index FDSVTI	2.5%	$5m	13,547	-5%
Vanguard Intl Equity Index FVNQI	2.4%	$5m	107,792	+3%
Vanguard Index FDSVUG	2.1%	$4m	49,686	Held
Dimensional ETF TrustDFAU	1.7%	$4m	68,638	Held
AppleAAPL	1.7%	$3m	11,739	+7%
Vanguard Index FDSVV	1.6%	$3m	9,723	Held
Ishares TRHYG	1.4%	$3m	34,825	Held
Dimensional ETF TrustDFIC	1.2%	$2m	64,369	Held
Dimensional ETF TrustDFEM	1.1%	$2m	54,329	Held
Home DepotHD	1.0%	$2m	6,039	Held
SempraSRE	0.9%	$2m	19,741	Held
Vanguard Scottsdale FDSVONG	0.8%	$2m	12,225	-18%
Invesco Exchange Traded FD TSPGP	0.7%	$2m	12,301	Held
Ishares TRIJT	0.7%	$2m	8,407	Held
Berkshire Hathaway INC DELBRK-A	0.7%	$1m	2	Held
Eaton Vance Risk-Managed Diversified Equity Income FundETJ	0.7%	$1m	180,120	-5%
Berkshire HathawayBRK-B	0.7%	$1m	2,681	-6%
TeslaTSLA	0.6%	$1m	3,121	+7%
ExxonMobil HoldingsXOM	0.6%	$1m	9,451	Held
Ishares TRIXUS	0.6%	$1m	13,175	-2%
State STR Spdr DOW Jones INDDIA	0.6%	$1m	2,407	Held
Vanguard Intl Equity Index FVEU	0.6%	$1m	14,845	-4%
State STR Spdr S&P 500 ETF TSPY	0.6%	$1m	1,630	-15%
Vanguard Index FDSVBR	0.5%	$1m	4,489	Held
Ishares TRIJK	0.5%	$1m	9,084	Held
Vanguard Index FDSVBK	0.5%	$1m	2,843	Held
Ishares TRIWP	0.4%	$898,958	6,140	Held
Vanguard Index FDSVOE	0.4%	$869,775	4,402	Held
AmphenolAPH	0.4%	$848,629	4,813	Held
Ishares TRIJS	0.4%	$815,980	5,970	Held
Vanguard Index FDSVO	0.4%	$801,189	9,944	Held
Vanguard World FDESGV	0.4%	$787,259	5,953	Held
Ishares TRITOT	0.4%	$757,285	4,610	Held
Ishares TREAGG	0.3%	$679,910	14,341	+37%
Vanguard Specialized FundsVIG	0.3%	$656,265	2,773	Held
Dimensional ETF TrustDFAX	0.3%	$650,168	17,648	-5%
NvidiaNVDA	0.3%	$638,598	3,192	+25%
Vanguard Tax-Managed FDSVEA	0.3%	$631,919	8,869	+5%
Cohen & Steers Closed-EndXFOFX	0.3%	$607,889	43,796	Held
Ishares TRIWS	0.3%	$602,766	3,662	Held
VisaV	0.3%	$574,866	1,676	Held
Ishares TRIJJ	0.3%	$562,261	3,806	Held
AlphabetGOOGL	0.3%	$524,756	1,468	+17%
Costco WholesaleCOST	0.2%	$506,090	541	+8%
Vanguard Intl Equity Index FVWO	0.2%	$447,208	7,492	+3%
IsharesEZU	0.2%	$444,800	6,400	Held
Vanguard World FDMGV	0.2%	$442,124	2,705	Held
Ishares TREFA	0.2%	$436,296	4,200	Held
Vanguard Intl Equity Index FVPL	0.2%	$400,103	3,458	Held
Invesco Exchange Traded FD TPRFZ	0.2%	$360,442	6,463	Held
Vanguard World FDMGK	0.2%	$352,979	4,015	Held
Invesco Exchange Traded FD TPRF	0.2%	$352,492	6,524	Held
Ishares TRIWB	0.2%	$348,485	851	Held
Ishares TRIWD	0.2%	$348,130	1,436	Held
Ishares TRIFGL	0.2%	$345,865	15,510	Held
Ishares TRIVV	0.2%	$337,001	450	-13%
QualcommQCOM	0.2%	$328,927	1,780	-40%
Vanguard Admiral FDSVOOG	0.2%	$307,347	3,720	Held
Ishares TRIYF	0.2%	$306,790	2,406	Held
Ishares TRIEUS	0.1%	$301,756	4,360	Held
Ishares TRIWR	0.1%	$298,637	2,707	-4%
Vanguard Index FDSVOO	0.1%	$269,122	392	New
Vanguard World FDVSGX	0.1%	$250,329	3,040	Held
Bank of AmericaBAC	0.1%	$245,527	4,309	Held
Amazon.comAMZN	0.1%	$238,340	1,000	Held
Spdr Series TrustSDY	0.1%	$235,714	1,549	Held
Ishares TRIWF	0.1%	$234,433	1,888	Held
Spdr Gold TRGLD	0.1%	$234,290	636	+14%
Vanguard Scottsdale FDSVTWO	0.1%	$230,698	1,900	New
S&P GlobalSPGI	0.1%	$223,179	548	Held
Taiwan Semiconductor ManufacturingTSM	0.1%	$223,026	467	New
IsharesESGE	0.1%	$221,331	4,047	New
CoherentCOHR	0.1%	$215,381	546	New
Goldman Sachs GroupGS	<0.1%	$200,685	198	New
PIMCO Dynamic Income FundPDI	<0.1%	$174,298	10,437	Held
Eaton Vance Tax-Managed Global Buy-Write Opportunities FundETW	<0.1%	$120,173	12,466	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 32.1% since 30 June 2025.

Where the money is

Technology2.8%

Retail & consumer1.8%

Financial services1.3%

Utilities0.9%

Energy0.6%

Media & telecom0.3%

Everyday goods0.2%

Other92.1%

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.