Burton Enright Welch — Q4 2025 13F Holdings

Holdings as of December 31, 2025

Portfolio value

$710.46B

Holdings count

128

128 positions reported

Accession #

0002105919-26-000002

Form 13F-HR

Loading quarter-over-quarter changes...

All Reported Positions

128 positions sorted by value

128 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
DIMENSIONAL ETF TRUSTUS CORE EQUITY 2	25434V708	$145.63B	20.50%	3,678,371shares	SOLE	0 / 0 / 3,678,371
AMERICAN CENTY ETF TRINTL SMCP VLU	025072802	$53.33B	7.51%	567,497shares	SOLE	0 / 0 / 567,497
AMERICAN CENTY ETF TRUS SML CP VALU	025072877	$48.25B	6.79%	473,099shares	SOLE	0 / 0 / 473,099
VANGUARD CHARLOTTE FDSTOTAL INT BD ETF	92203J407	$46.12B	6.49%	954,414shares	SOLE	0 / 0 / 954,414
DIMENSIONAL ETF TRUSTUS HIGH PROFITAB	25434V831	$41.05B	5.78%	1,079,349shares	SOLE	0 / 0 / 1,079,349
DIMENSIONAL ETF TRUSTINTL CORE EQUITY	25434V799	$38.31B	5.39%	1,111,853shares	SOLE	0 / 0 / 1,111,853
DIMENSIONAL ETF TRUSTEMERGING MKTS CO	25434V732	$34.18B	4.81%	1,033,237shares	SOLE	0 / 0 / 1,033,237
AMERICAN CENTY ETF TRUS EQT ETF	025072885	$28.06B	3.95%	251,058shares	SOLE	0 / 0 / 251,058
VANGUARD MALVERN FDSCORE BD ETF	922020748	$20.63B	2.90%	264,826shares	SOLE	0 / 0 / 264,826
AMERICAN CENTY ETF TRINTL EQT ETF	025072703	$18.64B	2.62%	226,482shares	SOLE	0 / 0 / 226,482
VANGUARD MALVERN FDSSTRM INFPROIDX	922020805	$17.09B	2.41%	345,508shares	SOLE	0 / 0 / 345,508
DIMENSIONAL ETF TRUSTUS REAL ESTATE E	25434V823	$15.46B	2.18%	674,979shares	SOLE	0 / 0 / 674,979
AMERICAN CENTY ETF TRAVANTIS EMGMKT	025072604	$14.78B	2.08%	191,892shares	SOLE	0 / 0 / 191,892
CHEVRON CORP NEWCOM	166764100	$12.60B	1.77%	82,664shares	SOLE	0 / 0 / 82,664
CAPITAL GROUP INTL FOCUS EQTSHS CREATION UNI	14019W109	$9.99B	1.41%	337,912shares	SOLE	0 / 0 / 337,912
MCKESSON CORPCOM	58155Q103	$9.97B	1.40%	12,158shares	SOLE	0 / 0 / 12,158
APPLE INCCOM	037833100	$9.54B	1.34%	35,077shares	SOLE	0 / 0 / 35,077
VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF	922042874	$7.79B	1.10%	93,124shares	SOLE	0 / 0 / 93,124
LINCOLN ELEC HLDGS INCCOM	533900106	$4.98B	0.70%	20,764shares	SOLE	0 / 0 / 20,764
CAPITAL GROUP INTERNATIONALSHS	14021M107	$4.84B	0.68%	139,139shares	SOLE	0 / 0 / 139,139
J P MORGAN EXCHANGE TRADED FUS QUALTY FCTR	46641Q761	$4.44B	0.62%	70,243shares	SOLE	0 / 0 / 70,243
DIMENSIONAL ETF TRUSTUS CORE EQT MKT	25434V104	$3.98B	0.56%	85,007shares	SOLE	0 / 0 / 85,007
MICROSOFT CORPCOM	594918104	$3.97B	0.56%	8,205shares	SOLE	0 / 0 / 8,205
BROADCOM INCCOM	11135F101	$3.87B	0.54%	11,184shares	SOLE	0 / 0 / 11,184
DIMENSIONAL ETF TRUSTEMGR CRE EQT MNG	25434V302	$3.73B	0.53%	114,608shares	SOLE	0 / 0 / 114,608
DIMENSIONAL ETF TRUSTUS TARGETED VLU	25434V609	$3.71B	0.52%	62,265shares	SOLE	0 / 0 / 62,265
VANGUARD INSTL INDEX FD0-3 MO TREAS BIL	922040845	$3.53B	0.50%	46,760shares	SOLE	0 / 0 / 46,760
TESLA INCCOM	88160R101	$3.38B	0.48%	7,510shares	SOLE	0 / 0 / 7,510
DIMENSIONAL ETF TRUSTUS CORE EQUITY 1	25434V625	$3.32B	0.47%	45,128shares	SOLE	0 / 0 / 45,128
BANK AMERICA CORPCOM	060505104	$3.16B	0.44%	57,380shares	SOLE	0 / 0 / 57,380
NVIDIA CORPORATIONCOM	67066G104	$3.14B	0.44%	16,846shares	SOLE	0 / 0 / 16,846
DIMENSIONAL ETF TRUSTGLOBAL REAL EST	25434V658	$2.94B	0.41%	111,389shares	SOLE	0 / 0 / 111,389
DIMENSIONAL ETF TRUSTUS SMALL CAP VAL	25434V815	$2.85B	0.40%	86,652shares	SOLE	0 / 0 / 86,652
ELI LILLY & COCOM	532457108	$2.81B	0.40%	2,615shares	SOLE	0 / 0 / 2,615
AMAZON COM INCCOM	023135106	$2.80B	0.39%	12,117shares	SOLE	0 / 0 / 12,117
DIMENSIONAL ETF TRUSTINTL SMALL CAP V	25434V781	$2.77B	0.39%	72,917shares	SOLE	0 / 0 / 72,917
VANGUARD WELLINGTON FDSHORT TRM TAX EX	921935870	$2.64B	0.37%	25,989shares	SOLE	0 / 0 / 25,989
DIMENSIONAL ETF TRUSTUS SUSTAINABILTY	25434V716	$2.59B	0.37%	59,720shares	SOLE	0 / 0 / 59,720
ALPHABET INCCAP STK CL A	02079K305	$2.40B	0.34%	7,665shares	SOLE	0 / 0 / 7,665
DIMENSIONAL ETF TRUSTINTL CORE EQT MK	25434V203	$2.39B	0.34%	62,784shares	SOLE	0 / 0 / 62,784
ALPHABET INCCAP STK CL C	02079K107	$2.34B	0.33%	7,463shares	SOLE	0 / 0 / 7,463
VANGUARD INDEX FDSS&P 500 ETF SHS	922908363	$2.34B	0.33%	3,732shares	SOLE	0 / 0 / 3,732
ISHARES TRCORE S&P500 ETF	464287200	$2.27B	0.32%	3,309shares	SOLE	0 / 0 / 3,309
ISHARES TRCORE MSCI EURO	46434V738	$2.19B	0.31%	30,864shares	SOLE	0 / 0 / 30,864
CONNECTONE BANCORP INCCOM	20786W107	$2.09B	0.29%	79,662shares	SOLE	0 / 0 / 79,662
ISHARES TRMSCI USA QLT FCT	46432F339	$1.94B	0.27%	9,766shares	SOLE	0 / 0 / 9,766
VANGUARD CALIF TAX FREE FDSTAX EXEMPT BD FD	922021605	$1.68B	0.24%	16,716shares	SOLE	0 / 0 / 16,716
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$1.59B	0.22%	3,162shares	SOLE	0 / 0 / 3,162
VANGUARD INDEX FDSREAL ESTATE ETF	922908553	$1.54B	0.22%	17,347shares	SOLE	0 / 0 / 17,347
AMERICAN CENTY ETF TRAVANTIS RESPON U	025072281	$1.42B	0.20%	18,655shares	SOLE	0 / 0 / 18,655
VANGUARD MUN BD FDSCORE TAX EXEMPT	922907712	$1.42B	0.20%	18,807shares	SOLE	0 / 0 / 18,807
SPDR S&P 500 ETF TRTR UNIT	78462F103	$1.41B	0.20%	2,063shares	SOLE	0 / 0 / 2,063
META PLATFORMS INCCL A	30303M102	$1.38B	0.19%	2,095shares	SOLE	0 / 0 / 2,095
VISA INCCOM CL A	92826C839	$1.36B	0.19%	3,892shares	SOLE	0 / 0 / 3,892
VANGUARD INDEX FDSEXTEND MKT ETF	922908652	$1.33B	0.19%	6,360shares	SOLE	0 / 0 / 6,360
COSTCO WHSL CORP NEWCOM	22160K105	$1.23B	0.17%	1,428shares	SOLE	0 / 0 / 1,428
VANGUARD MUN BD FDSSHORT TAX EXEMPT	922907696	$1.12B	0.16%	14,697shares	SOLE	0 / 0 / 14,697
CAPITAL GRP FIXED INCM ETF TSHORT DURATION M	14020Y607	$1.12B	0.16%	42,575shares	SOLE	0 / 0 / 42,575
DIMENSIONAL ETF TRUSTEMERGING MARKETS	25434V682	$1.11B	0.16%	26,810shares	SOLE	0 / 0 / 26,810
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$1.05B	0.15%	16,841shares	SOLE	0 / 0 / 16,841
JPMORGAN CHASE & CO.COM	46625H100	$976.77M	0.14%	3,031shares	SOLE	0 / 0 / 3,031
CATERPILLAR INCCOM	149123101	$939.51M	0.13%	1,640shares	SOLE	0 / 0 / 1,640
SCHWAB STRATEGIC TRUS BRD MKT ETF	808524102	$932.72M	0.13%	35,559shares	SOLE	0 / 0 / 35,559
DIMENSIONAL ETF TRUSTCALIF MUN BD ETF	25434V633	$911.06M	0.13%	18,192shares	SOLE	0 / 0 / 18,192
ORACLE CORPCOM	68389X105	$907.38M	0.13%	4,655shares	SOLE	0 / 0 / 4,655
JOHNSON & JOHNSONCOM	478160104	$840.84M	0.12%	4,063shares	SOLE	0 / 0 / 4,063
CAPITAL GRP FIXED INCM ETF TMUNICIPAL INCOME	14020Y201	$827.96M	0.12%	30,239shares	SOLE	0 / 0 / 30,239
ISHARES TRRUS 1000 GRW ETF	464287614	$822.62M	0.12%	1,738shares	SOLE	0 / 0 / 1,738
CADENCE DESIGN SYSTEM INCCOM	127387108	$793.95M	0.11%	2,540shares	SOLE	0 / 0 / 2,540
VANGUARD STAR FDSVG TL INTL STK F	921909768	$772.04M	0.11%	10,234shares	SOLE	0 / 0 / 10,234
VANGUARD MALVERN FDSCORE-PLUS BD ETF	922020755	$742.17M	0.10%	9,501shares	SOLE	0 / 0 / 9,501
WILLIAMS SONOMA INCCOM	969904101	$723.29M	0.10%	4,050shares	SOLE	0 / 0 / 4,050
AUTOMATIC DATA PROCESSING INCOM	053015103	$718.91M	0.10%	2,795shares	SOLE	0 / 0 / 2,795
HOME DEPOT INCCOM	437076102	$680.60M	0.10%	1,978shares	SOLE	0 / 0 / 1,978
WELLS FARGO CO NEWCOM	949746101	$669.50M	0.09%	7,183shares	SOLE	0 / 0 / 7,183
EXPEDITORS INTL WASH INCCOM	302130109	$641.94M	0.09%	4,308shares	SOLE	0 / 0 / 4,308
ISHARES TRCORE S&P MCP ETF	464287507	$616.11M	0.09%	9,335shares	SOLE	0 / 0 / 9,335
STRYKER CORPORATIONCOM	863667101	$606.53M	0.09%	1,726shares	SOLE	0 / 0 / 1,726
VANGUARD BD INDEX FDSTOTAL BND MRKT	921937835	$600.59M	0.08%	8,108shares	SOLE	0 / 0 / 8,108
ISHARES TRRUS 1000 VAL ETF	464287598	$589.19M	0.08%	2,801shares	SOLE	0 / 0 / 2,801
VANGUARD INSTL INDEX FDULTRA-SHORT TREA	922040852	$567.68M	0.08%	7,522shares	SOLE	0 / 0 / 7,522
INTEL CORPCOM	458140100	$543.64M	0.08%	14,733shares	SOLE	0 / 0 / 14,733
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$518.24M	0.07%	9,640shares	SOLE	0 / 0 / 9,640
DIMENSIONAL ETF TRUSTNATL MUN BD ETF	25434V849	$513.97M	0.07%	10,670shares	SOLE	0 / 0 / 10,670
PEPSICO INCCOM	713448108	$509.42M	0.07%	3,549shares	SOLE	0 / 0 / 3,549
DIMENSIONAL ETF TRUSTINTERNATIONAL	25434V690	$506.17M	0.07%	11,814shares	SOLE	0 / 0 / 11,814
GE AEROSPACECOM NEW	369604301	$501.36M	0.07%	1,628shares	SOLE	0 / 0 / 1,628
CISCO SYS INCCOM	17275R102	$496.72M	0.07%	6,448shares	SOLE	0 / 0 / 6,448
AMERICAN EXPRESS COCOM	025816109	$494.99M	0.07%	1,338shares	SOLE	0 / 0 / 1,338
WALMART INCCOM	931142103	$482.95M	0.07%	4,335shares	SOLE	0 / 0 / 4,335
DISNEY WALT COCOM	254687106	$474.69M	0.07%	4,172shares	SOLE	0 / 0 / 4,172
SPROTT ASSET MANAGEMENT LPPHYSICAL GOLD TR	85207H104	$464.63M	0.07%	14,071shares	SOLE	0 / 0 / 14,071
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072299	$463.90M	0.07%	6,247shares	SOLE	0 / 0 / 6,247
VANGUARD INDEX FDSTOTAL STK MKT	922908769	$450.06M	0.06%	1,342shares	SOLE	0 / 0 / 1,342
PROCTER AND GAMBLE COCOM	742718109	$439.88M	0.06%	3,069shares	SOLE	0 / 0 / 3,069
INTUITIVE SURGICAL INCCOM NEW	46120E602	$434.96M	0.06%	768shares	SOLE	0 / 0 / 768
VANGUARD BD INDEX FDSVANGUARD ULTRA	92203C303	$431.65M	0.06%	8,661shares	SOLE	0 / 0 / 8,661
VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF	922042742	$431.23M	0.06%	3,057shares	SOLE	0 / 0 / 3,057
VANGUARD ADMIRAL FDS INC500 GRTH IDX F	921932505	$429.47M	0.06%	966shares	SOLE	0 / 0 / 966
EXXON MOBIL CORPCOM	30231G102	$428.86M	0.06%	3,564shares	SOLE	0 / 0 / 3,564
SCHWAB STRATEGIC TRUS LRG CAP ETF	808524201	$426.32M	0.06%	15,842shares	SOLE	0 / 0 / 15,842
MCDONALDS CORPCOM	580135101	$416.35M	0.06%	1,362shares	SOLE	0 / 0 / 1,362
ABBVIE INCCOM	00287Y109	$402.83M	0.06%	1,763shares	SOLE	0 / 0 / 1,763
BOEING COCOM	097023105	$401.89M	0.06%	1,851shares	SOLE	0 / 0 / 1,851
INTERNATIONAL BUSINESS MACHSCOM	459200101	$392.00M	0.06%	1,323shares	SOLE	0 / 0 / 1,323
ISHARES TRCORE MSCI EAFE	46432F842	$386.74M	0.05%	4,323shares	SOLE	0 / 0 / 4,323
AMERICAN CENTY ETF TRAVANTIS RESPONSI	025072315	$383.33M	0.05%	5,900shares	SOLE	0 / 0 / 5,900
INVESCO QQQ TRUNIT SER 1	46090E103	$370.63M	0.05%	603shares	SOLE	0 / 0 / 603
DIMENSIONAL ETF TRUSTINTL SMALL CAP E	25434V773	$340.34M	0.05%	10,332shares	SOLE	0 / 0 / 10,332
APPLIED MATLS INCCOM	038222105	$334.86M	0.05%	1,303shares	SOLE	0 / 0 / 1,303
SCHWAB STRATEGIC TRINTL EQTY ETF	808524805	$291.91M	0.04%	12,143shares	SOLE	0 / 0 / 12,143
AT&T INCCOM	00206R102	$290.27M	0.04%	11,685shares	SOLE	0 / 0 / 11,685
SCHWAB STRATEGIC TRUS SML CAP ETF	808524607	$282.03M	0.04%	9,903shares	SOLE	0 / 0 / 9,903
VANGUARD WORLD FDINF TECH ETF	92204A702	$273.38M	0.04%	363shares	SOLE	0 / 0 / 363
GE VERNOVA INCCOM	36828A101	$269.93M	0.04%	413shares	SOLE	0 / 0 / 413
GOLDMAN SACHS GROUP INCCOM	38141G104	$254.91M	0.04%	290shares	SOLE	0 / 0 / 290
AMGEN INCCOM	031162100	$253.67M	0.04%	775shares	SOLE	0 / 0 / 775
SPDR GOLD TRGOLD SHS	78463V107	$241.75M	0.03%	610shares	SOLE	0 / 0 / 610
DOCUSIGN INCCOM	256163106	$240.70M	0.03%	3,519shares	SOLE	0 / 0 / 3,519
NETFLIX INCCOM	64110L106	$232.15M	0.03%	2,476shares	SOLE	0 / 0 / 2,476
BLACKROCK INCCOM	09290D101	$217.28M	0.03%	203shares	SOLE	0 / 0 / 203
LOCKHEED MARTIN CORPCOM	539830109	$214.75M	0.03%	444shares	SOLE	0 / 0 / 444
SCHWAB CHARLES CORPCOM	808513105	$213.81M	0.03%	2,140shares	SOLE	0 / 0 / 2,140
INTUITCOM	461202103	$213.30M	0.03%	322shares	SOLE	0 / 0 / 322
EVERGY INCCOM	30034W106	$211.09M	0.03%	2,912shares	SOLE	0 / 0 / 2,912
ADVANCED MICRO DEVICES INCCOM	007903107	$204.52M	0.03%	955shares	SOLE	0 / 0 / 955
LOWES COS INCCOM	548661107	$200.89M	0.03%	833shares	SOLE	0 / 0 / 833
CERUS CORPCOM	157085101	$22.78M	0.00%	11,056shares	SOLE	0 / 0 / 11,056

Filing Metadata

Form type

13F-HR

Filing date

Feb 13, 2026

Holdings as of

December 31, 2025

Accession

0002105919-26-000002

CIK

0002105919

View on SEC

Portfolio Snapshot

Total Portfolio Value

$710.46B

Number of Positions

128

128 reported by filer

Top 10 Concentration

66.7%

Top 20 Concentration

81.8%

Unique Issuers

128

By CUSIP

Avg. Position Size

$5.55B

Across 128 holdings

Top 5 Holdings

DIMENSIONAL ETF TRUST20.5%

AMERICAN CENTY ETF TR7.5%

AMERICAN CENTY ETF TR6.8%

VANGUARD CHARLOTTE FDS6.5%

DIMENSIONAL ETF TRUST5.8%