Burton Enright Welch

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $852M
Positions: 136
Quarter ended: June 30, 2026
Filed: July 17, 2026

Reported portfolio value by quarter (19 quarters reported)

$852M $149M

Q4 21 Q4 22 Q4 23 Q4 24 Q4 25 Q2 26

$149M in Q4 2021 → $852M now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
DE Dimensional ETF Trust	20.7%	Added 6.2%	3,976,632	$176M
AC American Centy ETF Tr	7.4%	Added 4.2%	507,991	$63.4M
AC American Centy ETF Tr	6.7%	Trimmed 0.5%	554,449	$57.1M
VC Vanguard Charlotte Fds	6.7%	Added 15%	1,174,634	$56.9M
DE Dimensional ETF Trust	5.9%	Added 7.3%	1,194,965	$49.9M
DE Dimensional ETF Trust	5.4%	Added 8.4%	1,238,480	$46.1M
DE Dimensional ETF Trust	5.1%	Added 4.0%	1,073,188	$43.6M
AC American Centy ETF Tr	4.0%	Added 0.0%	265,570	$34M
VM Vanguard Malvern Fds	3.4%	Added 27%	370,543	$28.6M
VM Vanguard Malvern Fds	2.5%	Added 15%	422,683	$21.2M
AC American Centy ETF Tr	2.3%	Trimmed 1.8%	220,226	$19.6M
DE Dimensional ETF Trust	2.3%	Added 7.5%	750,411	$19.6M
AC American Centy ETF Tr	1.9%	Trimmed 6.9%	171,345	$16.5M
CG Capital Group Intl Focus Eqt	1.8%	Added 28%	445,713	$15.4M
Chevron Corporation	1.5%	Trimmed 1.8%	79,217	$13.1M
Apple Inc	1.1%	Added 2.7%	33,722	$9.76M
Mckesson Corp	1.0%	Trimmed 2.6%	11,745	$8.87M
VI Vanguard Intl Equity Index F	0.9%	Trimmed 3.8%	87,560	$7.75M
Nvidia Corporation	0.7%	Added 84%	30,449	$6.09M
LE Lincoln Elec Hldgs Inc	0.7%	Unchanged	22,764	$6.04M
JP J P Morgan Exchange Traded F	0.7%	Trimmed 0.9%	80,157	$5.79M
CG Capital Group International	0.6%	Trimmed 3.8%	142,416	$5.24M
VI Vanguard Instl Index Fd	0.6%	Added 53%	63,128	$4.78M
DE Dimensional ETF Trust	0.5%	Trimmed 1.2%	114,926	$4.62M
DE Dimensional ETF Trust	0.5%	Trimmed 2.7%	60,666	$4.24M
DE Dimensional ETF Trust	0.5%	Trimmed 7.7%	79,505	$4.11M
DE Dimensional ETF Trust	0.5%	Trimmed 4.7%	47,278	$3.88M
DE Dimensional ETF Trust	0.4%	Added 0.0%	89,295	$3.46M
Broadcom Inc	0.4%	Added 1.1%	8,923	$3.37M
DE Dimensional ETF Trust	0.4%	Trimmed 4.0%	67,495	$3.15M
Amazon Com Inc	0.4%	Added 3.5%	13,140	$3.13M
DE Dimensional ETF Trust	0.4%	Trimmed 3.1%	107,587	$3.12M
Microsoft Corp	0.4%	Trimmed 1.3%	8,319	$3.1M
VW Vanguard Wellington Fd	0.4%	Added 50%	30,543	$3.09M
DE Dimensional ETF Trust	0.4%	Trimmed 0.5%	76,398	$3.07M
BO Bank Of Amer Corp	0.4%	Trimmed 0.6%	53,573	$3.05M
VI Vanguard Index Fds	0.3%	Added 6.8%	3,967	$2.72M
Alphabet Inc	0.3%	Trimmed 9.2%	7,591	$2.71M
VC Vanguard Calif Tax Free Fds	0.3%	Added 33%	26,470	$2.66M
Tesla Inc	0.3%	Added 1.6%	6,287	$2.64M
Connectone Bancorp Inc	0.3%	Added 0.1%	77,504	$2.59M
DE Dimensional ETF Trust	0.3%	Trimmed 0.5%	62,583	$2.58M
Alphabet Inc	0.3%	Added 1.8%	6,995	$2.47M
IT Ishares Tr	0.3%	Added 0.1%	11,028	$2.42M
IT Ishares Tr	0.3%	Trimmed 0.4%	3,223	$2.41M
EL Eli Lilly & Co	0.3%	Trimmed 22%	1,977	$2.37M
IT Ishares Tr	0.3%	Trimmed 3.9%	28,911	$2.17M
Intel Corp	0.2%	Added 1.6%	14,349	$2M
SS State Str SPDR S&P 500 ETF T	0.2%	Added 28%	2,498	$1.87M
VM Vanguard Mun Bd Fds	0.2%	Added 9.1%	23,346	$1.78M
VM Vanguard Malvern Fds	0.2%	Added 23%	22,661	$1.76M
AC American Centy ETF Tr	0.2%	Trimmed 1.2%	19,135	$1.69M
VM Vanguard Mun Bd Fds	0.2%	Added 38%	21,387	$1.64M
BH Berkshire Hathaway Inc Del	0.2%	Added 1.3%	3,235	$1.62M
Caterpillar Inc	0.2%	Trimmed 11%	1,496	$1.59M
CG Capital Grp Fixed Incm ETF T	0.2%	Added 33%	57,966	$1.59M
VI Vanguard Index Fds	0.2%	Unchanged	6,360	$1.57M
VI Vanguard Index Fds	0.2%	Trimmed 9.5%	15,157	$1.46M
Meta Platforms Inc	0.2%	Added 19%	2,456	$1.38M
Costco Wholesale Corporation	0.2%	Trimmed 6.5%	1,444	$1.35M

Showing top 60 of 136 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q2 2026

quarter ended June 30, 2026 · filed July 17, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+232,530	+$10.3M	20.7%
VC Vanguard Charlotte Fds	Added	+153,267	+$7.42M	6.7%
VM Vanguard Malvern Fds	Added	+77,843	+$6.01M	3.4%
DE Dimensional ETF Trust	Added	+96,457	+$3.59M	5.4%
DE Dimensional ETF Trust	Added	+81,552	+$3.4M	5.9%
CG Capital Group Intl Focus Eqt	Added	+97,268	+$3.37M	1.8%
VM Vanguard Malvern Fds	Added	+55,712	+$2.8M	2.5%
Nvidia Corporation	Added	+13,881	+$2.78M	0.7%
AC American Centy ETF Tr	Added	+20,390	+$2.54M	7.4%
DE Dimensional ETF Trust	Added	+41,560	+$1.69M	5.1%

Showing the 10 largest of 133 changes.

Q1 2026

quarter ended March 31, 2026 · filed May 04, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VC Vanguard Charlotte Fds	Added	+66,953	+$3.22M	6.7%
DE Dimensional ETF Trust	Added	+65,731	+$2.55M	19.8%
VM Vanguard Malvern Fds	Added	+27,874	+$2.16M	3.1%
AC American Centy ETF Tr	Added	+14,477	+$1.61M	4.0%
AC American Centy ETF Tr	Added	+14,502	+$1.6M	7.3%
DE Dimensional ETF Trust	Added	+34,064	+$1.25M	5.6%
VM Vanguard Malvern Fds	Added	+21,463	+$1.07M	2.5%
DE Dimensional ETF Trust	Added	+30,170	+$1.07M	5.5%
AC American Centy ETF Tr	Trimmed	−10,107	−$1.01M	7.6%
Broadcom Inc	Trimmed	−2,354	−$729K	0.4%

Showing the 10 largest of 128 changes.

Q4 2025

quarter ended December 31, 2025 · filed February 13, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+148,893	+$5.89M	20.5%
VC Vanguard Charlotte Fds	Added	+108,772	+$5.26M	6.5%
VM Vanguard Malvern Fds	Added	+45,505	+$3.54M	2.9%
VI Vanguard Instl Index Fd	Added	+27,801	+$2.1M	0.5%
DE Dimensional ETF Trust	Added	+57,773	+$1.99M	5.4%
AC American Centy ETF Tr	Added	+17,862	+$1.82M	6.8%
VM Vanguard Malvern Fds	Added	+36,725	+$1.82M	2.4%
CG Capital Group Intl Focus Eqt	Added	+59,162	+$1.75M	1.4%
DE Dimensional ETF Trust	Added	+42,917	+$1.63M	5.8%
DE Dimensional ETF Trust	Added	+37,992	+$1.26M	4.8%

Showing the 10 largest of 122 changes.

Q3 2025

quarter ended September 30, 2025 · filed March 09, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VC Vanguard Charlotte Fds	Added	+403,731	+$20M	6.3%
DE Dimensional ETF Trust	Added	+170,091	+$6.56M	20.5%
VM Vanguard Malvern Fds	Added	+36,633	+$2.87M	2.6%
AC American Centy ETF Tr	Added	+23,380	+$2.33M	6.8%
DE Dimensional ETF Trust	Added	+67,150	+$2.2M	5.2%
VI Vanguard Index Fds	Added	+2,863	+$1.75M	0.3%
DE Dimensional ETF Trust	Added	+53,340	+$1.71M	4.8%
DE Dimensional ETF Trust	Added	+44,798	+$1.69M	5.9%
CG Capital Group Intl Focus Eqt	Added	+50,888	+$1.51M	1.2%
Mckesson Corp	Trimmed	−1,823	−$1.41M	1.4%

Showing the 10 largest of 122 changes.

Q2 2025

quarter ended June 30, 2025 · filed March 09, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VC Vanguard Charlotte Fds	New	+441,911	+$21.9M	3.8%
DE Dimensional ETF Trust	Trimmed	−121,910	−$3.62M	4.8%
Broadcom Inc	New	+12,518	+$3.45M	0.6%
DE Dimensional ETF Trust	New	+45,524	+$3.04M	0.5%
DE Dimensional ETF Trust	Added	+48,589	+$2.62M	0.6%
CG Capital Group International	Added	+66,197	+$2.18M	0.7%
AC American Centy ETF Tr	Added	+26,891	+$1.99M	2.9%
FL First Long Is Corp	Exited	−160,449	−$1.98M	—
Connectone Bancorp Inc	New	+79,662	+$1.84M	0.3%
IT Ishares Tr	New	+9,834	+$1.8M	0.3%

Showing the 10 largest of 117 changes.

Q1 2025

quarter ended March 31, 2025 · filed March 09, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+78,071	+$2.58M	22.2%
VM Vanguard Malvern Fds	Added	+30,635	+$2.37M	2.8%
DE Dimensional ETF Trust	Added	+70,514	+$1.96M	5.7%
Tesla Inc	Added	+6,110	+$1.58M	0.4%
DE Dimensional ETF Trust	Added	+33,091	+$1.1M	6.5%
DE Dimensional ETF Trust	Added	+38,933	+$1.1M	0.6%
AC American Centy ETF Tr	Added	+11,362	+$990K	7.3%
JP J P Morgan Exchange Traded F	Added	+17,338	+$979K	0.9%
AC American Centy ETF Tr	Added	+9,977	+$922K	4.7%
Amazon Com Inc	Trimmed	−3,790	−$721K	0.7%

Showing the 10 largest of 96 changes.

Q4 2024

quarter ended December 31, 2024 · filed March 09, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VM Vanguard Malvern Fds	Added	+34,466	+$2.61M	2.3%
DE Dimensional ETF Trust	Added	+75,386	+$1.97M	5.8%
DE Dimensional ETF Trust	Added	+71,822	+$1.86M	5.1%
DE Dimensional ETF Trust	Added	+51,419	+$1.78M	23.5%
DE Dimensional ETF Trust	New	+42,248	+$1.6M	0.3%
AC American Centy ETF Tr	Added	+13,389	+$1.3M	4.8%
VM Vanguard Malvern Fds	Added	+26,542	+$1.29M	2.7%
AC American Centy ETF Tr	Added	+15,287	+$995K	7.4%
DE Dimensional ETF Trust	New	+28,647	+$949K	0.2%
CG Capital Group Intl Focus Eqt	Added	+37,103	+$915K	1.2%

Showing the 10 largest of 85 changes.

Q3 2024

quarter ended September 30, 2024 · filed March 09, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VM Vanguard Malvern Fds	Added	+39,775	+$3.15M	1.9%
DE Dimensional ETF Trust	Added	+59,353	+$1.67M	6.0%
CG Capital Group International	New	+35,230	+$1.07M	0.2%
DE Dimensional ETF Trust	Added	+30,586	+$861K	5.2%
JP J P Morgan Exchange Traded F	Added	+12,238	+$692K	0.7%
VM Vanguard Malvern Fds	Added	+13,764	+$679K	2.5%
DE Dimensional ETF Trust	Added	+10,478	+$531K	0.3%
VW Vanguard Wellington Fd	Added	+4,305	+$437K	0.5%
AE Alps ETF Tr	Exited	−8,782	−$421K	—
DE Dimensional ETF Trust	Added	+12,107	+$415K	23.4%

Showing the 10 largest of 74 changes.

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