Burton Enright Welch — Q2 2025 13F Holdings

Holdings as of June 30, 2025

Portfolio value

$576.68B

Holdings count

123

123 positions reported

Accession #

0002105919-26-000017

Form 13F-HR

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All Reported Positions

123 positions sorted by value

123 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
DIMENSIONAL ETF TRUSTUS CORE EQUITY 2	25434V708	$120.40B	20.88%	3,359,387shares	SOLE	0 / 0 / 3,359,387
AMERICAN CENTY ETF TRINTL SMCP VLU	025072802	$43.88B	7.61%	553,539shares	SOLE	0 / 0 / 553,539
AMERICAN CENTY ETF TRUS SML CP VALU	025072877	$39.34B	6.82%	431,857shares	SOLE	0 / 0 / 431,857
DIMENSIONAL ETF TRUSTUS HIGH PROFITAB	25434V831	$35.26B	6.11%	991,634shares	SOLE	0 / 0 / 991,634
DIMENSIONAL ETF TRUSTINTL CORE EQUITY	25434V799	$30.68B	5.32%	986,930shares	SOLE	0 / 0 / 986,930
DIMENSIONAL ETF TRUSTEMERGING MKTS CO	25434V732	$27.96B	4.85%	941,905shares	SOLE	0 / 0 / 941,905
AMERICAN CENTY ETF TRUS EQT ETF	025072885	$25.54B	4.43%	253,280shares	SOLE	0 / 0 / 253,280
VANGUARD CHARLOTTE FDSTOTAL INT BD ETF	92203J407	$21.88B	3.79%	441,911shares	SOLE	0 / 0 / 441,911
AMERICAN CENTY ETF TRINTL EQT ETF	025072703	$16.98B	2.94%	229,464shares	SOLE	0 / 0 / 229,464
VANGUARD MALVERN FDSSTRM INFPROIDX	922020805	$14.85B	2.58%	295,484shares	SOLE	0 / 0 / 295,484
VANGUARD MALVERN FDSCORE BD ETF	922020748	$14.17B	2.46%	182,688shares	SOLE	0 / 0 / 182,688
AMERICAN CENTY ETF TRAVANTIS EMGMKT	025072604	$14.07B	2.44%	205,309shares	SOLE	0 / 0 / 205,309
DIMENSIONAL ETF TRUSTUS REAL ESTATE E	25434V823	$13.96B	2.42%	595,189shares	SOLE	0 / 0 / 595,189
CHEVRON CORP NEWCOM	166764100	$11.87B	2.06%	82,894shares	SOLE	0 / 0 / 82,894
MCKESSON CORPCOM	58155Q103	$10.32B	1.79%	14,077shares	SOLE	0 / 0 / 14,077
VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF	922042874	$7.32B	1.27%	94,506shares	SOLE	0 / 0 / 94,506
APPLE INCCOM	037833100	$7.10B	1.23%	34,602shares	SOLE	0 / 0 / 34,602
CAPITAL GROUP INTL FOCUS EQTSHS CREATION UNI	14019W109	$6.18B	1.07%	227,862shares	SOLE	0 / 0 / 227,862
LINCOLN ELEC HLDGS INCCOM	533900106	$4.30B	0.75%	20,762shares	SOLE	0 / 0 / 20,762
J P MORGAN EXCHANGE TRADED FUS QUALTY FCTR	46641Q761	$4.27B	0.74%	71,108shares	SOLE	0 / 0 / 71,108
CAPITAL GROUP INTERNATIONALSHS	14021M107	$4.14B	0.72%	125,760shares	SOLE	0 / 0 / 125,760
MICROSOFT CORPCOM	594918104	$3.76B	0.65%	7,558shares	SOLE	0 / 0 / 7,558
DIMENSIONAL ETF TRUSTUS CORE EQT MKT	25434V104	$3.50B	0.61%	82,660shares	SOLE	0 / 0 / 82,660
DIMENSIONAL ETF TRUSTEMGR CRE EQT MNG	25434V302	$3.48B	0.60%	120,244shares	SOLE	0 / 0 / 120,244
BROADCOM INCCOM	11135F101	$3.45B	0.60%	12,518shares	SOLE	0 / 0 / 12,518
DIMENSIONAL ETF TRUSTUS TARGETED VLU	25434V609	$3.22B	0.56%	59,598shares	SOLE	0 / 0 / 59,598
DIMENSIONAL ETF TRUSTUS CORE EQUITY 1	25434V625	$3.04B	0.53%	45,524shares	SOLE	0 / 0 / 45,524
DIMENSIONAL ETF TRUSTGLOBAL REAL EST	25434V658	$3.00B	0.52%	111,893shares	SOLE	0 / 0 / 111,893
BANK AMERICA CORPCOM	060505104	$2.92B	0.51%	61,721shares	SOLE	0 / 0 / 61,721
AMAZON COM INCCOM	023135106	$2.65B	0.46%	12,063shares	SOLE	0 / 0 / 12,063
DIMENSIONAL ETF TRUSTUS SMALL CAP VAL	25434V815	$2.53B	0.44%	86,014shares	SOLE	0 / 0 / 86,014
NVIDIA CORPORATIONCOM	67066G104	$2.49B	0.43%	15,773shares	SOLE	0 / 0 / 15,773
DIMENSIONAL ETF TRUSTINTL SMALL CAP V	25434V781	$2.44B	0.42%	74,229shares	SOLE	0 / 0 / 74,229
TESLA INCCOM	88160R101	$2.34B	0.41%	7,382shares	SOLE	0 / 0 / 7,382
VANGUARD WELLINGTON FDSHORT TRM TAX EX	921935870	$2.33B	0.40%	23,095shares	SOLE	0 / 0 / 23,095
ELI LILLY & COCOM	532457108	$2.27B	0.39%	2,913shares	SOLE	0 / 0 / 2,913
DIMENSIONAL ETF TRUSTINTL CORE EQT MK	25434V203	$2.21B	0.38%	63,904shares	SOLE	0 / 0 / 63,904
ISHARES TRCORE MSCI EURO	46434V738	$2.14B	0.37%	32,255shares	SOLE	0 / 0 / 32,255
DIMENSIONAL ETF TRUSTUS SUSTAINABILTY	25434V716	$2.12B	0.37%	53,939shares	SOLE	0 / 0 / 53,939
ISHARES TRCORE S&P500 ETF	464287200	$1.93B	0.34%	3,114shares	SOLE	0 / 0 / 3,114
CONNECTONE BANCORP INCCOM	20786W107	$1.84B	0.32%	79,662shares	SOLE	0 / 0 / 79,662
ISHARES TRMSCI USA QLT FCT	46432F339	$1.80B	0.31%	9,834shares	SOLE	0 / 0 / 9,834
VANGUARD INDEX FDSREAL ESTATE ETF	922908553	$1.63B	0.28%	18,269shares	SOLE	0 / 0 / 18,269
COSTCO WHSL CORP NEWCOM	22160K105	$1.48B	0.26%	1,496shares	SOLE	0 / 0 / 1,496
META PLATFORMS INCCL A	30303M102	$1.42B	0.25%	1,927shares	SOLE	0 / 0 / 1,927
ALPHABET INCCAP STK CL C	02079K107	$1.41B	0.24%	7,943shares	SOLE	0 / 0 / 7,943
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$1.41B	0.24%	2,897shares	SOLE	0 / 0 / 2,897
VISA INCCOM CL A	92826C839	$1.38B	0.24%	3,890shares	SOLE	0 / 0 / 3,890
VANGUARD CALIF TAX FREE FDSTAX EXEMPT BD FD	922021605	$1.33B	0.23%	13,668shares	SOLE	0 / 0 / 13,668
VANGUARD INSTL INDEX FD0-3 MO TREAS BIL	922040845	$1.18B	0.21%	15,663shares	SOLE	0 / 0 / 15,663
ALPHABET INCCAP STK CL A	02079K305	$1.17B	0.20%	6,657shares	SOLE	0 / 0 / 6,657
SPDR S&P 500 ETF TRTR UNIT	78462F103	$1.11B	0.19%	1,793shares	SOLE	0 / 0 / 1,793
VANGUARD BD INDEX FDSTOTAL BND MRKT	921937835	$1.10B	0.19%	14,910shares	SOLE	0 / 0 / 14,910
DIMENSIONAL ETF TRUSTEMERGING MARKETS	25434V682	$1.09B	0.19%	28,683shares	SOLE	0 / 0 / 28,683
ORACLE CORPCOM	68389X105	$1.01B	0.17%	4,606shares	SOLE	0 / 0 / 4,606
VANGUARD MUN BD FDSSHORT TAX EXEMPT	922907696	$930.63M	0.16%	12,292shares	SOLE	0 / 0 / 12,292
CAPITAL GRP FIXED INCM ETF TSHORT DURATION M	14020Y607	$928.45M	0.16%	35,600shares	SOLE	0 / 0 / 35,600
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$915.66M	0.16%	16,061shares	SOLE	0 / 0 / 16,061
SCHWAB STRATEGIC TRUS BRD MKT ETF	808524102	$871.30M	0.15%	36,563shares	SOLE	0 / 0 / 36,563
AUTOMATIC DATA PROCESSING INCOM	053015103	$867.78M	0.15%	2,814shares	SOLE	0 / 0 / 2,814
CADENCE DESIGN SYSTEM INCCOM	127387108	$821.53M	0.14%	2,666shares	SOLE	0 / 0 / 2,666
VANGUARD MALVERN FDSCORE-PLUS BD ETF	922020755	$763.14M	0.13%	9,809shares	SOLE	0 / 0 / 9,809
CAPITAL GRP FIXED INCM ETF TMUNICIPAL INCOME	14020Y201	$747.61M	0.13%	28,011shares	SOLE	0 / 0 / 28,011
ISHARES TRRUS 1000 GRW ETF	464287614	$735.82M	0.13%	1,733shares	SOLE	0 / 0 / 1,733
WELLS FARGO CO NEWCOM	949746101	$731.37M	0.13%	9,128shares	SOLE	0 / 0 / 9,128
JPMORGAN CHASE & CO.COM	46625H100	$729.24M	0.13%	2,515shares	SOLE	0 / 0 / 2,515
HOME DEPOT INCCOM	437076102	$701.35M	0.12%	1,913shares	SOLE	0 / 0 / 1,913
AMERICAN CENTY ETF TRAVANTIS RESPON U	025072281	$688.20M	0.12%	10,032shares	SOLE	0 / 0 / 10,032
VANGUARD INDEX FDSTOTAL STK MKT	922908769	$670.20M	0.12%	2,205shares	SOLE	0 / 0 / 2,205
STRYKER CORPORATIONCOM	863667101	$667.70M	0.12%	1,688shares	SOLE	0 / 0 / 1,688
WILLIAMS SONOMA INCCOM	969904101	$660.34M	0.11%	4,042shares	SOLE	0 / 0 / 4,042
CATERPILLAR INCCOM	149123101	$600.17M	0.10%	1,546shares	SOLE	0 / 0 / 1,546
JOHNSON & JOHNSONCOM	478160104	$590.07M	0.10%	3,863shares	SOLE	0 / 0 / 3,863
ISHARES TRRUS 1000 VAL ETF	464287598	$544.06M	0.09%	2,801shares	SOLE	0 / 0 / 2,801
ISHARES TRCORE S&P MCP ETF	464287507	$533.37M	0.09%	8,600shares	SOLE	0 / 0 / 8,600
DIMENSIONAL ETF TRUSTNATL MUN BD ETF	25434V849	$512.44M	0.09%	10,804shares	SOLE	0 / 0 / 10,804
DISNEY WALT COCOM	254687106	$492.95M	0.09%	3,975shares	SOLE	0 / 0 / 3,975
EXPEDITORS INTL WASH INCCOM	302130109	$491.73M	0.09%	4,304shares	SOLE	0 / 0 / 4,304
PROCTER AND GAMBLE COCOM	742718109	$483.39M	0.08%	3,034shares	SOLE	0 / 0 / 3,034
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$463.49M	0.08%	9,371shares	SOLE	0 / 0 / 9,371
PEPSICO INCCOM	713448108	$450.58M	0.08%	3,412shares	SOLE	0 / 0 / 3,412
CISCO SYS INCCOM	17275R102	$445.31M	0.08%	6,418shares	SOLE	0 / 0 / 6,418
AMERICAN EXPRESS COCOM	025816109	$425.84M	0.07%	1,335shares	SOLE	0 / 0 / 1,335
DIMENSIONAL ETF TRUSTCALIF MUN BD ETF	25434V633	$407.94M	0.07%	8,278shares	SOLE	0 / 0 / 8,278
SCHWAB STRATEGIC TRUS LRG CAP ETF	808524201	$399.99M	0.07%	16,366shares	SOLE	0 / 0 / 16,366
INTUITIVE SURGICAL INCCOM NEW	46120E602	$396.69M	0.07%	730shares	SOLE	0 / 0 / 730
INVESCO QQQ TRUNIT SER 1	46090E103	$381.95M	0.07%	692shares	SOLE	0 / 0 / 692
INTERNATIONAL BUSINESS MACHSCOM	459200101	$378.82M	0.07%	1,285shares	SOLE	0 / 0 / 1,285
VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF	922042742	$378.16M	0.07%	2,942shares	SOLE	0 / 0 / 2,942
SPROTT PHYSICAL GOLD TRUNIT	85207H104	$356.70M	0.06%	14,071shares	SOLE	0 / 0 / 14,071
GE AEROSPACECOM NEW	369604301	$356.65M	0.06%	1,386shares	SOLE	0 / 0 / 1,386
BOEING COCOM	097023105	$356.62M	0.06%	1,702shares	SOLE	0 / 0 / 1,702
MCDONALDS CORPCOM	580135101	$353.90M	0.06%	1,211shares	SOLE	0 / 0 / 1,211
INTEL CORPCOM	458140100	$349.70M	0.06%	15,612shares	SOLE	0 / 0 / 15,612
SCHWAB STRATEGIC TRINTL EQTY ETF	808524805	$341.57M	0.06%	15,456shares	SOLE	0 / 0 / 15,456
AT&T INCCOM	00206R102	$338.92M	0.06%	11,711shares	SOLE	0 / 0 / 11,711
VANGUARD BD INDEX FDSVANGUARD ULTRA	92203C303	$333.72M	0.06%	6,692shares	SOLE	0 / 0 / 6,692
WALMART INCCOM	931142103	$332.55M	0.06%	3,401shares	SOLE	0 / 0 / 3,401
DIMENSIONAL ETF TRUSTINTL SMALL CAP E	25434V773	$327.38M	0.06%	10,971shares	SOLE	0 / 0 / 10,971
EXXON MOBIL CORPCOM	30231G102	$325.20M	0.06%	3,017shares	SOLE	0 / 0 / 3,017
VANGUARD SCOTTSDALE FDSINT-TERM CORP	92206C870	$314.76M	0.05%	3,796shares	SOLE	0 / 0 / 3,796
VANGUARD INSTL INDEX FDULTRA-SHORT TREA	922040852	$307.61M	0.05%	4,073shares	SOLE	0 / 0 / 4,073
COCA COLA COCOM	191216100	$289.60M	0.05%	4,093shares	SOLE	0 / 0 / 4,093
DIMENSIONAL ETF TRUSTINTERNATIONAL	25434V690	$287.73M	0.05%	7,301shares	SOLE	0 / 0 / 7,301
ISHARES TRCORE MSCI EAFE	46432F842	$283.83M	0.05%	3,400shares	SOLE	0 / 0 / 3,400
SCHWAB CHARLES CORPCOM	808513105	$279.83M	0.05%	3,067shares	SOLE	0 / 0 / 3,067
DOCUSIGN INCCOM	256163106	$273.16M	0.05%	3,507shares	SOLE	0 / 0 / 3,507
NETFLIX INCCOM	64110L106	$271.84M	0.05%	203shares	SOLE	0 / 0 / 203
VANGUARD MUN BD FDSCORE TAX EXEMPT	922907712	$265.51M	0.05%	3,609shares	SOLE	0 / 0 / 3,609
SCHWAB STRATEGIC TRUS SML CAP ETF	808524607	$250.31M	0.04%	9,894shares	SOLE	0 / 0 / 9,894
VANGUARD WORLD FDINF TECH ETF	92204A702	$240.50M	0.04%	363shares	SOLE	0 / 0 / 363
ABBVIE INCCOM	00287Y109	$230.54M	0.04%	1,242shares	SOLE	0 / 0 / 1,242
INTUITCOM	461202103	$228.41M	0.04%	290shares	SOLE	0 / 0 / 290
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072299	$223.87M	0.04%	3,314shares	SOLE	0 / 0 / 3,314
VANGUARD INDEX FDSS&P 500 ETF SHS	922908363	$215.06M	0.04%	379shares	SOLE	0 / 0 / 379
TEXAS INSTRS INCCOM	882508104	$213.85M	0.04%	1,030shares	SOLE	0 / 0 / 1,030
VANGUARD SPECIALIZED FUNDSDIV APP ETF	921908844	$208.15M	0.04%	1,017shares	SOLE	0 / 0 / 1,017
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072315	$205.14M	0.04%	3,499shares	SOLE	0 / 0 / 3,499
BIOMARIN PHARMACEUTICAL INCCOM	09061G101	$202.01M	0.04%	3,675shares	SOLE	0 / 0 / 3,675
AMGEN INCCOM	031162100	$201.03M	0.03%	720shares	SOLE	0 / 0 / 720
EVERGY INCCOM	30034W106	$200.72M	0.03%	2,912shares	SOLE	0 / 0 / 2,912
GALLAGHER ARTHUR J & COCOM	363576109	$200.72M	0.03%	627shares	SOLE	0 / 0 / 627
CERUS CORPCOM	157085101	$15.59M	0.00%	11,056shares	SOLE	0 / 0 / 11,056

Filing Metadata

Form type

13F-HR

Filing date

Mar 9, 2026

Holdings as of

June 30, 2025

Accession

0002105919-26-000017

CIK

0002105919

View on SEC

Portfolio Snapshot

Total Portfolio Value

$576.68B

Number of Positions

123

123 reported by filer

Top 10 Concentration

65.3%

Top 20 Concentration

81.6%

Unique Issuers

123

By CUSIP

Avg. Position Size

$4.69B

Across 123 holdings

Top 5 Holdings

DIMENSIONAL ETF TRUST20.9%

AMERICAN CENTY ETF TR7.6%

AMERICAN CENTY ETF TR6.8%

DIMENSIONAL ETF TRUST6.1%

DIMENSIONAL ETF TRUST5.3%