Rf&l Wealth Management

ACTON, MAfiles as RF&L WEALTH MANAGEMENT, LLC

$148m in 50 US stocks at the end of 30 June 2026. The top 10 are 65.2% of the money. It changed about 2.8% of the portfolio this quarter.

Value

$148m

Stocks

Top 10 share

65.2%

Turnover

2.8%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Index FDSVUG
0.2% of the fund
Vanguard Intl Equity Index FVEU
0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard BD Index FDSBSV
6.5% of the fund
+7%
Vanguard Index FDSVOO
4.3% of the fund
+3%
Ishares TRITOT
3.3% of the fund
+4%
AppleAAPL
1.0% of the fund
+8%
Vanguard BD Index FDSBIV
0.2% of the fund
+8%

Cut

Sold some of their stake.

Vanguard Index FDSVTI
3.6% of the fund
-4%
Eli LillyLLY
2.7% of the fund
-3%
AbbVieABBV
1.4% of the fund
-3%
EA Series TrustBSVO
0.8% of the fund
-4%
Ishares TRIWM
0.8% of the fund
-2%
Vanguard Intl Equity Index FVWO
0.8% of the fund
-4%
Dimensional ETF TrustDFEM
0.8% of the fund
-4%
Ishares TRIJR
0.7% of the fund
-3%
Spdr Index SHS FDSSPDW
0.4% of the fund
-2%
Globe LifeGL
0.4% of the fund
-6%
State STR Spdr S&P 500 ETF TSPY
0.3% of the fund
-7%
Vanguard World FDMGK
0.2% of the fund
-5%
JPMorgan ChaseJPM
0.2% of the fund
-4%
Spdr Series TrustBIL
0.2% of the fund
-18%

Sold out

Sold their entire stake.

Fidelity Covington TrustFTEC
-100%
Vanguard World FDMGV
-100%
DBX ETF TRSNPE
-100%
First TR Exchange-Traded FDFXL
-100%

Holdings

Dimensional ETF TrustDFAT
Share
13.7%
Value
$20m
Shares
288,960
Held
Dimensional ETF TrustDFAC
Share
8.5%
Value
$13m
Shares
282,692
Held
Dimensional ETF TrustDFUS
Share
8.1%
Value
$12m
Shares
145,653
Held
Dimensional ETF TrustDFUV
Share
7.4%
Value
$11m
Shares
198,014
Held
Vanguard BD Index FDSBSV
Share
6.5%
Value
$10m
Shares
124,199
+7%
Dimensional ETF TrustDFAS
Share
5.1%
Value
$7m
Shares
91,061
Held
Dimensional ETF TrustDFIV
Share
4.6%
Value
$7m
Shares
126,816
Held
Vanguard Index FDSVOO
Share
4.3%
Value
$6m
Shares
9,222
+3%
Vanguard Index FDSVTI
Share
3.6%
Value
$5m
Shares
14,427
-4%
Vanguard Index FDSVBR
Share
3.5%
Value
$5m
Shares
21,211
Held
Schwab Strategic TRFNDC
Share
3.5%
Value
$5m
Shares
105,517
Held
Ishares TRITOT
Share
3.3%
Value
$5m
Shares
30,006
+4%
IsharesIEMG
Share
2.9%
Value
$4m
Shares
51,614
Held
Eli LillyLLY
Share
2.7%
Value
$4m
Shares
3,269
-3%
Ishares TRIDEV
Share
1.9%
Value
$3m
Shares
31,106
Held
Ishares TRIWD
Share
1.6%
Value
$2m
Shares
9,455
Held
Schwab Strategic TRFNDF
Share
1.5%
Value
$2m
Shares
42,205
Held
NvidiaNVDA
Share
1.5%
Value
$2m
Shares
10,910
Held
AbbVieABBV
Share
1.4%
Value
$2m
Shares
8,470
-3%
Dimensional ETF TrustDFAX
Share
1.1%
Value
$2m
Shares
42,216
Held
AppleAAPL
Share
1.0%
Value
$1m
Shares
5,105
+8%
Dimensional ETF TrustDISV
Share
0.9%
Value
$1m
Shares
33,735
Held
EA Series TrustBSVO
Share
0.8%
Value
$1m
Shares
41,776
-4%
Ishares TRIWM
Share
0.8%
Value
$1m
Shares
3,901
-2%
Vanguard Intl Equity Index FVWO
Share
0.8%
Value
$1m
Shares
18,859
-4%
Dimensional ETF TrustDFEM
Share
0.8%
Value
$1m
Shares
27,447
-4%
Ishares TRIJR
Share
0.7%
Value
$1m
Shares
7,240
-3%
Vanguard Index FDSVTV
Share
0.7%
Value
$1m
Shares
4,863
Held
Ishares TRIWN
Share
0.7%
Value
$1m
Shares
4,690
Held
Abbott LaboratoriesABT
Share
0.6%
Value
$861,449
Shares
9,494
Held
Costco WholesaleCOST
Share
0.5%
Value
$809,182
Shares
865
Held
Ishares TRSCZ
Share
0.5%
Value
$761,025
Shares
9,250
Held
Spdr Index SHS FDSSPDW
Share
0.4%
Value
$628,514
Shares
12,473
-2%
Globe LifeGL
Share
0.4%
Value
$609,923
Shares
3,413
-6%
Schwab Strategic TRSCHX
Share
0.4%
Value
$588,629
Shares
20,001
Held
Berkshire HathawayBRK-B
Share
0.4%
Value
$556,434
Shares
1,112
Held
Southern CompanySO
Share
0.3%
Value
$464,345
Shares
4,852
Held
Amazon.comAMZN
Share
0.3%
Value
$437,831
Shares
1,837
Held
State STR Spdr S&P 500 ETF TSPY
Share
0.3%
Value
$423,419
Shares
567
-7%
MicrosoftMSFT
Share
0.3%
Value
$405,573
Shares
1,087
Held
AlphabetGOOGL
Share
0.2%
Value
$363,188
Shares
1,016
Held
Vanguard World FDMGK
Share
0.2%
Value
$358,233
Shares
4,075
-5%
JPMorgan ChaseJPM
Share
0.2%
Value
$307,178
Shares
938
-4%
ChevronCVX
Share
0.2%
Value
$291,738
Shares
1,760
Held
Omega Healthcare InvestorsOHI
Share
0.2%
Value
$287,224
Shares
6,024
Held
Vanguard BD Index FDSBIV
Share
0.2%
Value
$258,863
Shares
3,375
+8%
Spdr Series TrustBIL
Share
0.2%
Value
$244,221
Shares
2,665
-18%
Vanguard Index FDSVUG
Share
0.2%
Value
$229,994
Shares
2,670
New
TeslaTSLA
Share
0.2%
Value
$229,227
Shares
545
Held
Vanguard Intl Equity Index FVEU
Share
0.1%
Value
$209,375
Shares
2,500
New

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAT	13.7%	$20m	288,960	Held
Dimensional ETF TrustDFAC	8.5%	$13m	282,692	Held
Dimensional ETF TrustDFUS	8.1%	$12m	145,653	Held
Dimensional ETF TrustDFUV	7.4%	$11m	198,014	Held
Vanguard BD Index FDSBSV	6.5%	$10m	124,199	+7%
Dimensional ETF TrustDFAS	5.1%	$7m	91,061	Held
Dimensional ETF TrustDFIV	4.6%	$7m	126,816	Held
Vanguard Index FDSVOO	4.3%	$6m	9,222	+3%
Vanguard Index FDSVTI	3.6%	$5m	14,427	-4%
Vanguard Index FDSVBR	3.5%	$5m	21,211	Held
Schwab Strategic TRFNDC	3.5%	$5m	105,517	Held
Ishares TRITOT	3.3%	$5m	30,006	+4%
IsharesIEMG	2.9%	$4m	51,614	Held
Eli LillyLLY	2.7%	$4m	3,269	-3%
Ishares TRIDEV	1.9%	$3m	31,106	Held
Ishares TRIWD	1.6%	$2m	9,455	Held
Schwab Strategic TRFNDF	1.5%	$2m	42,205	Held
NvidiaNVDA	1.5%	$2m	10,910	Held
AbbVieABBV	1.4%	$2m	8,470	-3%
Dimensional ETF TrustDFAX	1.1%	$2m	42,216	Held
AppleAAPL	1.0%	$1m	5,105	+8%
Dimensional ETF TrustDISV	0.9%	$1m	33,735	Held
EA Series TrustBSVO	0.8%	$1m	41,776	-4%
Ishares TRIWM	0.8%	$1m	3,901	-2%
Vanguard Intl Equity Index FVWO	0.8%	$1m	18,859	-4%
Dimensional ETF TrustDFEM	0.8%	$1m	27,447	-4%
Ishares TRIJR	0.7%	$1m	7,240	-3%
Vanguard Index FDSVTV	0.7%	$1m	4,863	Held
Ishares TRIWN	0.7%	$1m	4,690	Held
Abbott LaboratoriesABT	0.6%	$861,449	9,494	Held
Costco WholesaleCOST	0.5%	$809,182	865	Held
Ishares TRSCZ	0.5%	$761,025	9,250	Held
Spdr Index SHS FDSSPDW	0.4%	$628,514	12,473	-2%
Globe LifeGL	0.4%	$609,923	3,413	-6%
Schwab Strategic TRSCHX	0.4%	$588,629	20,001	Held
Berkshire HathawayBRK-B	0.4%	$556,434	1,112	Held
Southern CompanySO	0.3%	$464,345	4,852	Held
Amazon.comAMZN	0.3%	$437,831	1,837	Held
State STR Spdr S&P 500 ETF TSPY	0.3%	$423,419	567	-7%
MicrosoftMSFT	0.3%	$405,573	1,087	Held
AlphabetGOOGL	0.2%	$363,188	1,016	Held
Vanguard World FDMGK	0.2%	$358,233	4,075	-5%
JPMorgan ChaseJPM	0.2%	$307,178	938	-4%
ChevronCVX	0.2%	$291,738	1,760	Held
Omega Healthcare InvestorsOHI	0.2%	$287,224	6,024	Held
Vanguard BD Index FDSBIV	0.2%	$258,863	3,375	+8%
Spdr Series TrustBIL	0.2%	$244,221	2,665	-18%
Vanguard Index FDSVUG	0.2%	$229,994	2,670	New
TeslaTSLA	0.2%	$229,227	545	Held
Vanguard Intl Equity Index FVEU	0.1%	$209,375	2,500	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 4.8% since 30 June 2025.

Where the money is

Health care4.7%

Technology2.8%

Financial services1.0%

Everyday goods0.5%

Retail & consumer0.5%

Utilities0.3%

Media & telecom0.2%

Energy0.2%

Real estate0.2%

Other89.6%

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.