KRAFT ASSET MANAGEMENT, LLC

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

Portfolio value: $108M
Positions: 41
Quarter ended: June 30, 2025
Filed: July 15, 2025

Reported portfolio value by quarter (15 quarters reported)

$129M $92M

Q4 21 Q3 22 Q2 23 Q1 24 Q4 24 Q2 25

$92M in Q4 2021 → $108M now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2025. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
DE Dimensional ETF Trust	19.5%	Trimmed 8.8%	389,227	$21M
DE Dimensional ETF Trust	16.1%	Trimmed 4.6%	483,878	$17.3M
DE Dimensional ETF Trust	11.1%	Trimmed 4.4%	281,152	$11.9M
DE Dimensional ETF Trust	9.7%	Trimmed 7.6%	242,482	$10.4M
DE Dimensional ETF Trust	6.8%	Added 12%	108,842	$7.29M
VS Vanguard Scottsdale Fds	5.1%	Trimmed 2.9%	92,007	$5.5M
DE Dimensional ETF Trust	3.7%	Trimmed 2.5%	61,640	$3.93M
ES Ea Series Trust	3.1%	Trimmed 17%	163,582	$3.33M
IT Ishares Tr	2.6%	Trimmed 35%	21,066	$2.84M
AC American Centy ETF Tr	2.2%	Added 344%	26,530	$2.42M
DE Dimensional ETF Trust	1.9%	Trimmed 1.0%	69,080	$2.03M
VI Vanguard Index Fds	1.7%	Unchanged	9,541	$1.86M
AC American Centy ETF Tr	1.6%	Trimmed 24%	22,218	$1.76M
IT Ishares Tr	1.4%	Trimmed 38%	20,255	$1.54M
VM Vanguard Malvern Fds	1.2%	Trimmed 9.1%	24,738	$1.24M
PF Pinnacle Finl Partners Inc	1.0%	Added 368%	9,467	$1.05M
VI Vanguard Intl Equity Index F	0.8%	Trimmed 0.5%	19,163	$884K
DE Dimensional ETF Trust	0.8%	Trimmed 14%	17,866	$858K
VM Vanguard Mun Bd Fds	0.8%	Unchanged	17,446	$855K
DE Dimensional ETF Trust	0.7%	Added 111%	22,589	$781K
I Ishares Inc	0.7%	Trimmed 6.1%	12,993	$780K
SS SPDR S&P 500 ETF Tr	0.6%	Trimmed 14%	1,126	$696K
IT Ishares Tr	0.6%	Unchanged	6,092	$666K
IT Illinois Tool Wks Inc	0.6%	Trimmed 2.1%	2,676	$662K
VB Vanguard Bd Index Fds	0.5%	Unchanged	6,561	$507K
DE Dimensional ETF Trust	0.5%	Trimmed 2.5%	11,973	$507K
DE Dimensional ETF Trust	0.5%	Trimmed 35%	16,360	$486K
DE Dimensional ETF Trust	0.4%	Added 42%	16,109	$466K
DE Dimensional ETF Trust	0.4%	Added 7.0%	14,331	$422K
DE Dimensional ETF Trust	0.4%	Trimmed 17%	13,504	$420K
Microsoft Corp	0.4%	Trimmed 24%	766	$381K
IT Ishares Tr	0.3%	Unchanged	3,644	$345K
DE Dimensional ETF Trust	0.3%	Trimmed 43%	12,489	$335K
VS Vanguard Scottsdale Fds	0.3%	Trimmed 13%	4,875	$287K
VI Vanguard Index Fds	0.3%	Added 0.1%	3,122	$278K
Verizon Communications Inc	0.3%	New	6,392	$277K
VI Vanguard Index Fds	0.3%	Unchanged	1,524	$269K
Nvidia Corporation	0.2%	Trimmed 61%	1,681	$266K
Apple Inc	0.2%	Trimmed 44%	1,182	$243K
VI Vanguard Index Fds	0.2%	New	500	$219K
DE Dimensional ETF Trust	0.2%	Trimmed 17%	6,200	$204K

Timeline of changes

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

Q2 2025

quarter ended June 30, 2025 · filed July 15, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−37,651	−$2.03M	19.5%
AC American Centy ETF Tr	Added	+20,555	+$1.87M	2.2%
IT Ishares Tr	Trimmed	−11,314	−$1.53M	2.6%
IT Ishares Tr	Trimmed	−12,180	−$926K	1.4%
DE Dimensional ETF Trust	Trimmed	−20,068	−$860K	9.7%
DE Dimensional ETF Trust	Trimmed	−23,534	−$843K	16.1%
PF Pinnacle Finl Partners Inc	Added	+7,442	+$822K	1.0%
DE Dimensional ETF Trust	Added	+11,817	+$792K	6.8%
VI Vanguard Index Fds	Exited	−2,866	−$788K	—
ES Ea Series Trust	Trimmed	−33,986	−$693K	3.1%

Showing the 10 largest of 42 changes.

Q1 2025

quarter ended March 31, 2025 · filed April 21, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−113,698	−$3.75M	15.3%
ES Ea Series Trust	Trimmed	−121,836	−$2.37M	3.5%
DE Dimensional ETF Trust	Trimmed	−52,694	−$2.07M	9.5%
DE Dimensional ETF Trust	Trimmed	−39,257	−$2.02M	20.1%
DE Dimensional ETF Trust	Trimmed	−29,283	−$767K	1.7%
DE Dimensional ETF Trust	Trimmed	−17,559	−$724K	11.1%
DE Dimensional ETF Trust	Trimmed	−10,937	−$661K	5.4%
VS Vanguard Scottsdale Fds	Trimmed	−9,512	−$565K	5.2%
AC American Centy ETF Tr	New	+5,975	+$521K	0.5%
IT Ishares Tr	Exited	−839	−$500K	—

Showing the 10 largest of 44 changes.

Q4 2024

quarter ended December 31, 2024 · filed January 17, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−54,262	−$1.91M	16.9%
VS Vanguard Scottsdale Fds	Added	+19,958	+$1.16M	4.7%
VI Vanguard Index Fds	New	+3,156	+$927K	0.7%
DE Dimensional ETF Trust	Added	+14,389	+$675K	0.8%
VT Vanguard Tax-managed Fds	New	+11,114	+$535K	0.4%
VM Vanguard Malvern Fds	Added	+9,082	+$442K	1.1%
DE Dimensional ETF Trust	Trimmed	−9,181	−$386K	10.1%
DE Dimensional ETF Trust	New	+14,635	+$370K	0.3%
DE Dimensional ETF Trust	Trimmed	−6,142	−$350K	20.5%
DE Dimensional ETF Trust	Trimmed	−13,220	−$329K	1.9%

Showing the 10 largest of 44 changes.

Q3 2024

quarter ended September 30, 2024 · filed October 18, 2024

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+8,225	+$497K	4.0%
DE Dimensional ETF Trust	New	+6,806	+$325K	0.3%
IT Ishares Tr	Trimmed	−2,306	−$290K	3.1%
DE Dimensional ETF Trust	Trimmed	−7,499	−$257K	18.1%
DE Dimensional ETF Trust	New	+8,077	+$221K	0.2%
BH Berkshire Hathaway Inc Del	New	+468	+$215K	0.2%
Walmart Inc	New	+2,545	+$206K	0.2%
IT Ishares Tr	New	+3,550	+$204K	0.2%
SS SPDR S&P 500 ETF Tr	Trimmed	−237	−$136K	0.6%
DE Dimensional ETF Trust	Trimmed	−2,202	−$122K	20.6%

Showing the 10 largest of 34 changes.

Q2 2024

quarter ended June 30, 2024 · filed July 22, 2024

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−28,866	−$1.5M	20.7%
ES Ea Series Trust	Added	+41,258	+$841K	5.4%
DE Dimensional ETF Trust	Trimmed	−23,397	−$754K	18.5%
DE Dimensional ETF Trust	Trimmed	−17,876	−$702K	10.5%
VS Vanguard Scottsdale Fds	Trimmed	−8,975	−$523K	3.7%
Rockwell Automation Inc	New	+1,448	+$399K	0.3%
Nvidia Corporation	Added	+3,036	+$375K	0.3%
DE Dimensional ETF Trust	Trimmed	−9,081	−$326K	9.6%
DE Dimensional ETF Trust	Trimmed	−4,916	−$289K	5.5%
DE Dimensional ETF Trust	Trimmed	−8,746	−$252K	0.4%

Showing the 10 largest of 36 changes.

Q1 2024

quarter ended March 31, 2024 · filed May 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−35,151	−$1.91M	22.1%
DE Dimensional ETF Trust	Trimmed	−16,673	−$533K	18.2%
VI Vanguard Intl Equity Index F	Added	+12,201	+$514K	0.8%
DE Dimensional ETF Trust	New	+17,160	+$459K	0.4%
Verizon Communications Inc	New	+7,155	+$300K	0.2%
Amazon Com Inc	New	+1,648	+$297K	0.2%
DE Dimensional ETF Trust	Trimmed	−7,020	−$287K	11.1%
DE Dimensional ETF Trust	New	+10,719	+$273K	0.2%
VW Vanguard Whitehall Fds	Exited	−2,338	−$261K	—
IT Ishares Tr	Exited	−3,345	−$252K	—

Showing the 10 largest of 40 changes.

Q4 2023

quarter ended December 31, 2023 · filed February 09, 2024

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Trimmed	−17,035	−$1.01M	4.4%
JP J P Morgan Exchange Traded F	Exited	−12,346	−$661K	—
DE Dimensional ETF Trust	Added	+12,381	+$642K	5.0%
ES Ea Series Trust	Added	+26,703	+$561K	4.9%
IT Ishares Tr	New	+1,142	+$545K	0.5%
DE Dimensional ETF Trust	New	+17,742	+$517K	0.4%
JP J P Morgan Exchange Traded F	Exited	−10,152	−$512K	—
FT First Tr Exchange-traded Fd	Exited	−9,107	−$418K	—
IT Ishares Tr	New	+2,843	+$418K	0.4%
JP J P Morgan Exchange Traded F	Exited	−7,330	−$368K	—

Showing the 10 largest of 41 changes.

Q3 2023

quarter ended September 30, 2023 · filed November 01, 2023

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Trimmed	−37,923	−$1.29M	11.1%
ES Ea Series Trust	Trimmed	−63,624	−$1.16M	4.3%
JP J P Morgan Exchange Traded F	New	+12,346	+$661K	0.6%
JP J P Morgan Exchange Traded F	New	+10,152	+$512K	0.5%
DE Dimensional ETF Trust	Trimmed	−9,608	−$439K	23.4%
FT First Tr Exchange-traded Fd	New	+9,107	+$418K	0.4%
JP J P Morgan Exchange Traded F	New	+7,330	+$368K	0.3%
VS Vanguard Scottsdale Fds	Trimmed	−5,423	−$310K	5.7%
PE Pgim ETF Tr	New	+6,104	+$302K	0.3%
VI Vanguard Intl Equity Index F	Trimmed	−7,585	−$297K	0.5%

Showing the 10 largest of 35 changes.

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