Financial Alternatives, Inc

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

Portfolio value: $203M
Positions: 84
Quarter ended: June 30, 2026
Filed: August 11, 2026

Reported portfolio value by quarter (15 quarters reported)

$203M $101M

Q4 22 Q3 23 Q2 24 Q1 25 Q4 25 Q2 26

$101M in Q4 2022 → $203M 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	18.2%	Added 0.2%	834,859	$37M
DE Dimensional ETF Trust	17.0%	Added 0.8%	836,269	$34.5M
VW Vanguard Whitehall Fds	8.4%	Added 3.6%	252,253	$17M
DE Dimensional ETF Trust	6.3%	Trimmed 0.4%	317,955	$12.8M
JP J P Morgan Exchange Traded F	3.6%	Trimmed 2.7%	129,653	$7.32M
VI Vanguard Index Fds	3.3%	Added 2.1%	70,071	$6.76M
IG Ishares Gold Tr	2.6%	Added 0.9%	68,562	$5.18M
IT Ishares Tr	2.5%	Trimmed 0.5%	52,613	$5.07M
VI Vanguard Index Fds	2.5%	Trimmed 5.1%	13,547	$5.01M
VI Vanguard Intl Equity Index F	2.4%	Added 3.2%	107,792	$4.83M
VI Vanguard Index Fds	2.1%	Added 496%	49,686	$4.28M
DE Dimensional ETF Trust	1.7%	Trimmed 0.1%	68,638	$3.55M
Apple Inc	1.7%	Added 6.5%	11,739	$3.4M
VI Vanguard Index Fds	1.6%	Unchanged	9,723	$3.34M
IT Ishares Tr	1.4%	Unchanged	34,825	$2.78M
DE Dimensional ETF Trust	1.2%	Trimmed 0.1%	64,369	$2.4M
DE Dimensional ETF Trust	1.1%	Trimmed 0.7%	54,329	$2.21M
Home Depot Inc	1.0%	Added 1.6%	6,039	$2.13M
Sempra	0.9%	Trimmed 0.1%	19,741	$1.83M
VS Vanguard Scottsdale Fds	0.8%	Trimmed 18%	12,225	$1.56M
IE Invesco Exchange Traded Fd T	0.7%	Unchanged	12,301	$1.5M
IT Ishares Tr	0.7%	Unchanged	8,407	$1.5M
BH Berkshire Hathaway Inc Del	0.7%	Unchanged	2	$1.5M
EV Eaton Vance Risk-managed Div	0.7%	Trimmed 4.5%	180,120	$1.49M
BH Berkshire Hathaway Inc Del	0.7%	Trimmed 5.7%	2,681	$1.34M
Tesla Inc	0.6%	Added 6.8%	3,121	$1.31M
Exxon Mobil Corp	0.6%	Unchanged	9,451	$1.29M
IT Ishares Tr	0.6%	Trimmed 2.3%	13,175	$1.26M
SS State Str SPDR Dow Jones Ind	0.6%	Unchanged	2,407	$1.26M
VI Vanguard Intl Equity Index F	0.6%	Trimmed 4.4%	14,845	$1.24M
SS State Str SPDR S&P 500 ETF T	0.6%	Trimmed 15%	1,630	$1.22M
VI Vanguard Index Fds	0.5%	Unchanged	4,489	$1.09M
IT Ishares Tr	0.5%	Unchanged	9,084	$1.07M
VI Vanguard Index Fds	0.5%	Unchanged	2,843	$1.04M
IT Ishares Tr	0.4%	Unchanged	6,140	$899K
VI Vanguard Index Fds	0.4%	Unchanged	4,402	$870K
Amphenol Corp	0.4%	Unchanged	4,813	$849K
IT Ishares Tr	0.4%	Unchanged	5,970	$816K
VI Vanguard Index Fds	0.4%	Added 300%	9,944	$801K
VW Vanguard World Fd	0.4%	Added 0.7%	5,953	$787K
IT Ishares Tr	0.4%	Unchanged	4,610	$757K
IT Ishares Tr	0.3%	Added 37%	14,341	$680K
VS Vanguard Specialized Funds	0.3%	Unchanged	2,773	$656K
DE Dimensional ETF Trust	0.3%	Trimmed 4.8%	17,648	$650K
Nvidia Corporation	0.3%	Added 25%	3,192	$639K
VT Vanguard Tax-managed Fds	0.3%	Added 5.3%	8,869	$632K
C& Cohen & Steers Closed-end	0.3%	Unchanged	43,796	$608K
IT Ishares Tr	0.3%	Unchanged	3,662	$603K
Visa Inc	0.3%	Added 0.1%	1,676	$575K
IT Ishares Tr	0.3%	Unchanged	3,806	$562K
Alphabet Inc	0.3%	Added 17%	1,468	$525K
Costco Wholesale Corporation	0.2%	Added 8.0%	541	$506K
VI Vanguard Intl Equity Index F	0.2%	Added 3.5%	7,492	$447K
I Ishares Inc	0.2%	Unchanged	6,400	$445K
VW Vanguard World Fd	0.2%	Added 0.1%	2,705	$442K
IT Ishares Tr	0.2%	Unchanged	4,200	$436K
VI Vanguard Intl Equity Index F	0.2%	Unchanged	3,458	$400K
IE Invesco Exchange Traded Fd T	0.2%	Trimmed 1.5%	6,463	$360K
VW Vanguard World Fd	0.2%	Added 400%	4,015	$353K
IE Invesco Exchange Traded Fd T	0.2%	Added 0.6%	6,524	$352K

Showing top 60 of 84 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 August 11, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Added	+41,344	+$3.56M	2.1%
VI Vanguard Index Fds	Added	+7,458	+$601K	0.4%
VW Vanguard Whitehall Fds	Added	+8,824	+$593K	8.4%
VS Vanguard Scottsdale Fds	Trimmed	−2,662	−$340K	0.8%
VW Vanguard World Fd	Added	+3,212	+$282K	0.2%
VI Vanguard Index Fds	New	+392	+$269K	0.1%
VI Vanguard Index Fds	Trimmed	−724	−$268K	2.5%
DE Dimensional ETF Trust	Added	+6,346	+$262K	17.0%
VA Vanguard Admiral Fds Inc	Added	+3,098	+$256K	0.2%
VS Vanguard Scottsdale Fds	New	+1,900	+$231K	0.1%

Showing the 10 largest of 53 changes.

Q1 2026

quarter ended March 31, 2026 · filed May 01, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+331,754	+$12.9M	17.4%
DE Dimensional ETF Trust	Added	+192,458	+$7.48M	17.5%
VI Vanguard Index Fds	Trimmed	−20,566	−$6.6M	2.5%
DE Dimensional ETF Trust	Added	+71,922	+$2.44M	5.8%
VW Vanguard Whitehall Fds	Added	+22,435	+$1.47M	8.6%
Goldman Sachs Bdc Inc	Exited	−46,982	−$436K	—
IT Ishares Tr	Trimmed	−4,362	−$410K	2.7%
Sempra	Added	+3,557	+$346K	1.0%
VI Vanguard Index Fds	Added	+2,686	+$238K	3.3%
VI Vanguard Intl Equity Index F	Added	+5,261	+$234K	2.5%

Showing the 10 largest of 49 changes.

Q4 2025

quarter ended December 31, 2025 · filed February 04, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VW Vanguard Whitehall Fds	Added	+14,934	+$1.01M	8.7%
Sempra	Added	+10,739	+$948K	0.8%
DE Dimensional ETF Trust	Added	+21,058	+$803K	11.0%
Apple Inc	Trimmed	−2,090	−$568K	1.9%
DE Dimensional ETF Trust	Added	+13,623	+$539K	14.7%
JP J P Morgan Exchange Traded F	Added	+7,320	+$419K	4.3%
VI Vanguard Index Fds	Added	+4,069	+$360K	3.4%
VI Vanguard Intl Equity Index F	Added	+7,285	+$334K	2.6%
IT Ishares Tr	New	+1,436	+$302K	0.2%
Alphabet Inc	Trimmed	−787	−$247K	0.1%

Showing the 10 largest of 50 changes.

Q3 2025

quarter ended September 30, 2025 · filed November 05, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Added	+1,547	+$508K	6.8%
VW Vanguard Whitehall Fds	Added	+6,990	+$468K	8.3%
SS SPDR S&P 500 ETF Tr	Added	+450	+$300K	0.8%
DE Dimensional ETF Trust	Added	+6,904	+$266K	14.6%
SG SPDR Gold Tr	New	+656	+$233K	0.1%
Roper Technologies Inc	Exited	−400	−$227K	—
DE Dimensional ETF Trust	Added	+5,882	+$214K	10.5%
ES Ea Series Trust	Exited	−1,896	−$214K	—
VW Vanguard World Fd	New	+3,017	+$209K	0.1%
Apple Inc	Added	+713	+$182K	2.1%

Showing the 10 largest of 50 changes.

Q2 2025

quarter ended June 30, 2025 · filed August 06, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+20,865	+$884K	1.9%
DE Dimensional ETF Trust	Added	+12,898	+$446K	10.6%
JP J P Morgan Exchange Traded F	Added	+7,359	+$418K	4.6%
VW Vanguard Whitehall Fds	Added	+5,319	+$348K	8.5%
DE Dimensional ETF Trust	Added	+8,758	+$254K	4.5%
VI Vanguard Index Fds	New	+441	+$251K	0.2%
VW Vanguard World Fd	Added	+2,122	+$233K	0.4%
VW Vanguard World Fd	Exited	−3,740	−$221K	—
I Ishares Inc	New	+5,530	+$217K	0.1%
ES Ea Series Trust	New	+1,896	+$214K	0.1%

Showing the 10 largest of 45 changes.

Q1 2025

quarter ended March 31, 2025 · filed May 02, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−24,027	−$793K	14.5%
VW Vanguard Whitehall Fds	Added	+11,799	+$757K	8.9%
DE Dimensional ETF Trust	Added	+15,723	+$491K	10.2%
EV Eaton Vance Risk-managed Div	Trimmed	−44,376	−$375K	1.3%
VI Vanguard Index Fds	Added	+1,214	+$334K	6.4%
JP J P Morgan Exchange Traded F	Added	+5,025	+$287K	4.8%
VI Vanguard Intl Equity Index F	Added	+5,726	+$232K	2.6%
DE Dimensional ETF Trust	Trimmed	−8,676	−$225K	4.2%
BH Berkshire Hathaway Inc Del	Added	+408	+$217K	1.0%
VS Vanguard Scottsdale Fds	Trimmed	−2,279	−$211K	1.2%

Showing the 10 largest of 41 changes.

Q4 2024

quarter ended December 31, 2024 · filed February 13, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VW Vanguard Whitehall Fds	Added	+16,400	+$1.04M	8.1%
DE Dimensional ETF Trust	Added	+28,898	+$1M	15.6%
DE Dimensional ETF Trust	Added	+30,319	+$885K	9.1%
VI Vanguard Index Fds	Added	+1,564	+$453K	6.4%
IT Ishares Tr	New	+6,198	+$288K	0.2%
DE Dimensional ETF Trust	Exited	−3,944	−$219K	—
Trex Co Inc	Exited	−3,200	−$213K	—
SS SPDR Ser Tr	Exited	−1,451	−$206K	—
Realty Income Corp	Exited	−3,159	−$200K	—
JP J P Morgan Exchange Traded F	Added	+3,152	+$181K	4.6%

Showing the 10 largest of 43 changes.

Q3 2024

quarter ended September 30, 2024 · filed November 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Trex Co Inc	New	+3,200	+$213K	0.1%
VI Vanguard Index Fds	Trimmed	−749	−$212K	5.9%
SS SPDR Ser Tr	New	+1,451	+$206K	0.1%
Realty Income Corp	New	+3,159	+$200K	0.1%
JP J P Morgan Exchange Traded F	Added	+3,080	+$183K	4.6%
Amazon Com Inc	Trimmed	−915	−$170K	0.3%
Home Depot Inc	Added	+300	+$122K	1.8%
VS Vanguard Scottsdale Fds	Trimmed	−1,232	−$119K	1.5%
EV Eaton Vance Risk-managed Div	Trimmed	−12,419	−$114K	1.7%
DE Dimensional ETF Trust	Trimmed	−3,258	−$104K	9.2%

Showing the 10 largest of 41 changes.

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