Burton Enright Welch — Q3 2025 13F Holdings

Holdings as of September 30, 2025

Portfolio value

$662.45B

Holdings count

130

130 positions reported

Accession #

0002105919-26-000018

Form 13F-HR

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All Reported Positions

130 positions sorted by value

130 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
DIMENSIONAL ETF TRUSTUS CORE EQUITY 2	25434V708	$136.13B	20.55%	3,529,478shares	SOLE	0 / 0 / 3,529,478
AMERICAN CENTY ETF TRINTL SMCP VLU	025072802	$50.03B	7.55%	561,914shares	SOLE	0 / 0 / 561,914
AMERICAN CENTY ETF TRUS SML CP VALU	025072877	$45.31B	6.84%	455,237shares	SOLE	0 / 0 / 455,237
VANGUARD CHARLOTTE FDSTOTAL INT BD ETF	92203J407	$41.83B	6.31%	845,642shares	SOLE	0 / 0 / 845,642
DIMENSIONAL ETF TRUSTUS HIGH PROFITAB	25434V831	$39.15B	5.91%	1,036,432shares	SOLE	0 / 0 / 1,036,432
DIMENSIONAL ETF TRUSTINTL CORE EQUITY	25434V799	$34.56B	5.22%	1,054,080shares	SOLE	0 / 0 / 1,054,080
DIMENSIONAL ETF TRUSTEMERGING MKTS CO	25434V732	$31.92B	4.82%	995,245shares	SOLE	0 / 0 / 995,245
AMERICAN CENTY ETF TRUS EQT ETF	025072885	$27.47B	4.15%	252,671shares	SOLE	0 / 0 / 252,671
AMERICAN CENTY ETF TRINTL EQT ETF	025072703	$17.93B	2.71%	227,272shares	SOLE	0 / 0 / 227,272
VANGUARD MALVERN FDSCORE BD ETF	922020748	$17.20B	2.60%	219,321shares	SOLE	0 / 0 / 219,321
VANGUARD MALVERN FDSSTRM INFPROIDX	922020805	$15.63B	2.36%	308,783shares	SOLE	0 / 0 / 308,783
DIMENSIONAL ETF TRUSTUS REAL ESTATE E	25434V823	$15.02B	2.27%	629,568shares	SOLE	0 / 0 / 629,568
AMERICAN CENTY ETF TRAVANTIS EMGMKT	025072604	$14.80B	2.23%	196,981shares	SOLE	0 / 0 / 196,981
CHEVRON CORP NEWCOM	166764100	$12.82B	1.94%	82,580shares	SOLE	0 / 0 / 82,580
MCKESSON CORPCOM	58155Q103	$9.47B	1.43%	12,254shares	SOLE	0 / 0 / 12,254
APPLE INCCOM	037833100	$8.95B	1.35%	35,152shares	SOLE	0 / 0 / 35,152
CAPITAL GROUP INTL FOCUS EQTSHS CREATION UNI	14019W109	$8.26B	1.25%	278,750shares	SOLE	0 / 0 / 278,750
VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF	922042874	$7.43B	1.12%	93,148shares	SOLE	0 / 0 / 93,148
LINCOLN ELEC HLDGS INCCOM	533900106	$4.90B	0.74%	20,770shares	SOLE	0 / 0 / 20,770
J P MORGAN EXCHANGE TRADED FUS QUALTY FCTR	46641Q761	$4.43B	0.67%	70,495shares	SOLE	0 / 0 / 70,495
CAPITAL GROUP INTERNATIONALSHS	14021M107	$4.20B	0.63%	124,525shares	SOLE	0 / 0 / 124,525
MICROSOFT CORPCOM	594918104	$4.07B	0.61%	7,863shares	SOLE	0 / 0 / 7,863
DIMENSIONAL ETF TRUSTUS CORE EQT MKT	25434V104	$3.78B	0.57%	82,665shares	SOLE	0 / 0 / 82,665
BROADCOM INCCOM	11135F101	$3.65B	0.55%	11,076shares	SOLE	0 / 0 / 11,076
DIMENSIONAL ETF TRUSTEMGR CRE EQT MNG	25434V302	$3.64B	0.55%	115,365shares	SOLE	0 / 0 / 115,365
DIMENSIONAL ETF TRUSTUS TARGETED VLU	25434V609	$3.54B	0.53%	60,858shares	SOLE	0 / 0 / 60,858
DIMENSIONAL ETF TRUSTUS CORE EQUITY 1	25434V625	$3.25B	0.49%	45,211shares	SOLE	0 / 0 / 45,211
BANK AMERICA CORPCOM	060505104	$3.17B	0.48%	61,422shares	SOLE	0 / 0 / 61,422
DIMENSIONAL ETF TRUSTGLOBAL REAL EST	25434V658	$3.04B	0.46%	111,174shares	SOLE	0 / 0 / 111,174
NVIDIA CORPORATIONCOM	67066G104	$2.96B	0.45%	15,872shares	SOLE	0 / 0 / 15,872
DIMENSIONAL ETF TRUSTUS SMALL CAP VAL	25434V815	$2.76B	0.42%	86,828shares	SOLE	0 / 0 / 86,828
DIMENSIONAL ETF TRUSTINTL SMALL CAP V	25434V781	$2.62B	0.40%	73,412shares	SOLE	0 / 0 / 73,412
AMAZON COM INCCOM	023135106	$2.60B	0.39%	11,825shares	SOLE	0 / 0 / 11,825
VANGUARD WELLINGTON FDSHORT TRM TAX EX	921935870	$2.38B	0.36%	23,373shares	SOLE	0 / 0 / 23,373
DIMENSIONAL ETF TRUSTINTL CORE EQT MK	25434V203	$2.32B	0.35%	63,846shares	SOLE	0 / 0 / 63,846
DIMENSIONAL ETF TRUSTUS SUSTAINABILTY	25434V716	$2.29B	0.35%	54,001shares	SOLE	0 / 0 / 54,001
TESLA INCCOM	88160R101	$2.27B	0.34%	5,100shares	SOLE	0 / 0 / 5,100
ISHARES TRCORE MSCI EURO	46434V738	$2.18B	0.33%	31,974shares	SOLE	0 / 0 / 31,974
ISHARES TRCORE S&P500 ETF	464287200	$2.08B	0.31%	3,114shares	SOLE	0 / 0 / 3,114
ELI LILLY & COCOM	532457108	$2.07B	0.31%	2,708shares	SOLE	0 / 0 / 2,708
VANGUARD INDEX FDSS&P 500 ETF SHS	922908363	$1.99B	0.30%	3,242shares	SOLE	0 / 0 / 3,242
CONNECTONE BANCORP INCCOM	20786W107	$1.98B	0.30%	79,662shares	SOLE	0 / 0 / 79,662
ISHARES TRMSCI USA QLT FCT	46432F339	$1.90B	0.29%	9,791shares	SOLE	0 / 0 / 9,791
ALPHABET INCCAP STK CL A	02079K305	$1.78B	0.27%	7,311shares	SOLE	0 / 0 / 7,311
ALPHABET INCCAP STK CL C	02079K107	$1.77B	0.27%	7,264shares	SOLE	0 / 0 / 7,264
VANGUARD INDEX FDSREAL ESTATE ETF	922908553	$1.61B	0.24%	17,658shares	SOLE	0 / 0 / 17,658
META PLATFORMS INCCL A	30303M102	$1.50B	0.23%	2,037shares	SOLE	0 / 0 / 2,037
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$1.50B	0.23%	2,975shares	SOLE	0 / 0 / 2,975
VANGUARD INSTL INDEX FD0-3 MO TREAS BIL	922040845	$1.43B	0.22%	18,959shares	SOLE	0 / 0 / 18,959
VANGUARD CALIF TAX FREE FDSTAX EXEMPT BD FD	922021605	$1.43B	0.22%	14,315shares	SOLE	0 / 0 / 14,315
COSTCO WHSL CORP NEWCOM	22160K105	$1.40B	0.21%	1,517shares	SOLE	0 / 0 / 1,517
VANGUARD MUN BD FDSCORE TAX EXEMPT	922907712	$1.38B	0.21%	18,364shares	SOLE	0 / 0 / 18,364
VANGUARD INDEX FDSEXTEND MKT ETF	922908652	$1.33B	0.20%	6,364shares	SOLE	0 / 0 / 6,364
VISA INCCOM CL A	92826C839	$1.31B	0.20%	3,829shares	SOLE	0 / 0 / 3,829
ORACLE CORPCOM	68389X105	$1.30B	0.20%	4,639shares	SOLE	0 / 0 / 4,639
SPDR S&P 500 ETF TRTR UNIT	78462F103	$1.19B	0.18%	1,793shares	SOLE	0 / 0 / 1,793
CAPITAL GRP FIXED INCM ETF TSHORT DURATION M	14020Y607	$1.09B	0.16%	41,433shares	SOLE	0 / 0 / 41,433
VANGUARD MUN BD FDSSHORT TAX EXEMPT	922907696	$1.04B	0.16%	13,605shares	SOLE	0 / 0 / 13,605
DIMENSIONAL ETF TRUSTEMERGING MARKETS	25434V682	$1.02B	0.15%	24,899shares	SOLE	0 / 0 / 24,899
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$995.78M	0.15%	16,618shares	SOLE	0 / 0 / 16,618
CADENCE DESIGN SYSTEM INCCOM	127387108	$939.62M	0.14%	2,675shares	SOLE	0 / 0 / 2,675
SCHWAB STRATEGIC TRUS BRD MKT ETF	808524102	$931.36M	0.14%	36,225shares	SOLE	0 / 0 / 36,225
JPMORGAN CHASE & CO.COM	46625H100	$904.46M	0.14%	2,867shares	SOLE	0 / 0 / 2,867
AUTOMATIC DATA PROCESSING INCOM	053015103	$831.43M	0.13%	2,833shares	SOLE	0 / 0 / 2,833
ISHARES TRRUS 1000 GRW ETF	464287614	$811.78M	0.12%	1,733shares	SOLE	0 / 0 / 1,733
HOME DEPOT INCCOM	437076102	$809.13M	0.12%	1,997shares	SOLE	0 / 0 / 1,997
WILLIAMS SONOMA INCCOM	969904101	$790.40M	0.12%	4,044shares	SOLE	0 / 0 / 4,044
DIMENSIONAL ETF TRUSTCALIF MUN BD ETF	25434V633	$769.25M	0.12%	15,439shares	SOLE	0 / 0 / 15,439
CATERPILLAR INCCOM	149123101	$751.03M	0.11%	1,574shares	SOLE	0 / 0 / 1,574
VANGUARD MALVERN FDSCORE-PLUS BD ETF	922020755	$747.36M	0.11%	9,505shares	SOLE	0 / 0 / 9,505
AMERICAN CENTY ETF TRAVANTIS RESPON U	025072281	$738.03M	0.11%	10,032shares	SOLE	0 / 0 / 10,032
JOHNSON & JOHNSONCOM	478160104	$717.21M	0.11%	3,868shares	SOLE	0 / 0 / 3,868
CAPITAL GRP FIXED INCM ETF TMUNICIPAL INCOME	14020Y201	$636.56M	0.10%	23,326shares	SOLE	0 / 0 / 23,326
STRYKER CORPORATIONCOM	863667101	$634.24M	0.10%	1,716shares	SOLE	0 / 0 / 1,716
VANGUARD INSTL INDEX FDULTRA-SHORT TREA	922040852	$625.32M	0.09%	8,265shares	SOLE	0 / 0 / 8,265
VANGUARD BD INDEX FDSTOTAL BND MRKT	921937835	$617.03M	0.09%	8,297shares	SOLE	0 / 0 / 8,297
VANGUARD STAR FDSVG TL INTL STK F	921909768	$613.52M	0.09%	8,352shares	SOLE	0 / 0 / 8,352
WELLS FARGO CO NEWCOM	949746101	$591.64M	0.09%	7,058shares	SOLE	0 / 0 / 7,058
ISHARES TRRUS 1000 VAL ETF	464287598	$570.28M	0.09%	2,801shares	SOLE	0 / 0 / 2,801
ISHARES TRCORE S&P MCP ETF	464287507	$561.24M	0.08%	8,600shares	SOLE	0 / 0 / 8,600
EXPEDITORS INTL WASH INCCOM	302130109	$528.73M	0.08%	4,313shares	SOLE	0 / 0 / 4,313
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$523.52M	0.08%	9,663shares	SOLE	0 / 0 / 9,663
DIMENSIONAL ETF TRUSTNATL MUN BD ETF	25434V849	$510.08M	0.08%	10,631shares	SOLE	0 / 0 / 10,631
PEPSICO INCCOM	713448108	$492.31M	0.07%	3,505shares	SOLE	0 / 0 / 3,505
INTEL CORPCOM	458140100	$488.41M	0.07%	14,558shares	SOLE	0 / 0 / 14,558
PROCTER AND GAMBLE COCOM	742718109	$473.13M	0.07%	3,079shares	SOLE	0 / 0 / 3,079
DISNEY WALT COCOM	254687106	$464.81M	0.07%	4,059shares	SOLE	0 / 0 / 4,059
AMERICAN EXPRESS COCOM	025816109	$453.40M	0.07%	1,365shares	SOLE	0 / 0 / 1,365
CISCO SYS INCCOM	17275R102	$450.44M	0.07%	6,583shares	SOLE	0 / 0 / 6,583
GE AEROSPACECOM NEW	369604301	$446.61M	0.07%	1,485shares	SOLE	0 / 0 / 1,485
VANGUARD INDEX FDSTOTAL STK MKT	922908769	$432.92M	0.07%	1,319shares	SOLE	0 / 0 / 1,319
VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF	922042742	$431.88M	0.07%	3,134shares	SOLE	0 / 0 / 3,134
SCHWAB STRATEGIC TRUS LRG CAP ETF	808524201	$431.74M	0.07%	16,391shares	SOLE	0 / 0 / 16,391
INVESCO QQQ TRUNIT SER 1	46090E103	$420.76M	0.06%	701shares	SOLE	0 / 0 / 701
VANGUARD ADMIRAL FDS INC500 GRTH IDX F	921932505	$420.65M	0.06%	966shares	SOLE	0 / 0 / 966
SPROTT ASSET MANAGEMENT LPPHYSICAL GOLD TR	85207H104	$416.78M	0.06%	14,071shares	SOLE	0 / 0 / 14,071
DIMENSIONAL ETF TRUSTINTERNATIONAL	25434V690	$400.62M	0.06%	9,783shares	SOLE	0 / 0 / 9,783
BOEING COCOM	097023105	$388.71M	0.06%	1,801shares	SOLE	0 / 0 / 1,801
MCDONALDS CORPCOM	580135101	$385.72M	0.06%	1,269shares	SOLE	0 / 0 / 1,269
WALMART INCCOM	931142103	$385.55M	0.06%	3,741shares	SOLE	0 / 0 / 3,741
INTERNATIONAL BUSINESS MACHSCOM	459200101	$378.40M	0.06%	1,341shares	SOLE	0 / 0 / 1,341
ISHARES TRCORE MSCI EAFE	46432F842	$377.44M	0.06%	4,323shares	SOLE	0 / 0 / 4,323
EXXON MOBIL CORPCOM	30231G102	$372.72M	0.06%	3,306shares	SOLE	0 / 0 / 3,306
ABBVIE INCCOM	00287Y109	$347.77M	0.05%	1,502shares	SOLE	0 / 0 / 1,502
AT&T INCCOM	00206R102	$336.66M	0.05%	11,921shares	SOLE	0 / 0 / 11,921
SCHWAB STRATEGIC TRINTL EQTY ETF	808524805	$336.53M	0.05%	14,456shares	SOLE	0 / 0 / 14,456
VANGUARD BD INDEX FDSVANGUARD ULTRA	92203C303	$330.39M	0.05%	6,608shares	SOLE	0 / 0 / 6,608
DIMENSIONAL ETF TRUSTINTL SMALL CAP E	25434V773	$326.80M	0.05%	10,332shares	SOLE	0 / 0 / 10,332
INTUITIVE SURGICAL INCCOM NEW	46120E602	$318.88M	0.05%	713shares	SOLE	0 / 0 / 713
SCHWAB CHARLES CORPCOM	808513105	$299.30M	0.05%	3,135shares	SOLE	0 / 0 / 3,135
NETFLIX INCCOM	64110L106	$276.95M	0.04%	231shares	SOLE	0 / 0 / 231
SCHWAB STRATEGIC TRUS SML CAP ETF	808524607	$276.03M	0.04%	9,894shares	SOLE	0 / 0 / 9,894
APPLIED MATLS INCCOM	038222105	$274.56M	0.04%	1,341shares	SOLE	0 / 0 / 1,341
VANGUARD WORLD FDINF TECH ETF	92204A702	$270.75M	0.04%	363shares	SOLE	0 / 0 / 363
DOCUSIGN INCCOM	256163106	$254.19M	0.04%	3,526shares	SOLE	0 / 0 / 3,526
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072299	$237.12M	0.04%	3,314shares	SOLE	0 / 0 / 3,314
BLACKROCK INCCOM	09290D101	$236.67M	0.04%	203shares	SOLE	0 / 0 / 203
AUTOZONE INCCOM	053332102	$235.96M	0.04%	55shares	SOLE	0 / 0 / 55
GE VERNOVA INCCOM	36828A101	$226.28M	0.03%	368shares	SOLE	0 / 0 / 368
EVERGY INCCOM	30034W106	$224.26M	0.03%	2,950shares	SOLE	0 / 0 / 2,950
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072315	$222.42M	0.03%	3,499shares	SOLE	0 / 0 / 3,499
GOLDMAN SACHS GROUP INCCOM	38141G104	$217.40M	0.03%	273shares	SOLE	0 / 0 / 273
SPDR GOLD TRGOLD SHS	78463V107	$216.84M	0.03%	610shares	SOLE	0 / 0 / 610
BLACKSTONE INCCOM	09260D107	$212.84M	0.03%	1,246shares	SOLE	0 / 0 / 1,246
AMGEN INCCOM	031162100	$207.70M	0.03%	736shares	SOLE	0 / 0 / 736
INTUITCOM	461202103	$206.92M	0.03%	303shares	SOLE	0 / 0 / 303
LOWES COS INCCOM	548661107	$201.05M	0.03%	800shares	SOLE	0 / 0 / 800
ABBOTT LABSCOM	002824100	$201.01M	0.03%	1,501shares	SOLE	0 / 0 / 1,501
TEXAS INSTRS INCCOM	882508104	$200.63M	0.03%	1,092shares	SOLE	0 / 0 / 1,092
CERUS CORPCOM	157085101	$17.58M	0.00%	11,056shares	SOLE	0 / 0 / 11,056

Filing Metadata

Form type

13F-HR

Filing date

Mar 9, 2026

Holdings as of

September 30, 2025

Accession

0002105919-26-000018

CIK

0002105919

View on SEC

Portfolio Snapshot

Total Portfolio Value

$662.45B

Number of Positions

130

130 reported by filer

Top 10 Concentration

66.6%

Top 20 Concentration

82.0%

Unique Issuers

130

By CUSIP

Avg. Position Size

$5.10B

Across 130 holdings

Top 5 Holdings

DIMENSIONAL ETF TRUST20.5%

AMERICAN CENTY ETF TR7.6%

AMERICAN CENTY ETF TR6.8%

VANGUARD CHARLOTTE FDS6.3%

DIMENSIONAL ETF TRUST5.9%