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Asset Manager ← All Institutions

Burton Enright Welch

1850 MT DIABLO BLVD STE 335, WALNUT CREEK, CA 94596-4476 • 925-932-8010

Q1 2026 · Filed 2026-05-04
Market Value
$731M
+3.5%
Holdings
136
+7
New Purchases
11
Added To
60
Closed
5
Reduced
49
Top 10 Concentration
67.4%
Turnover
11.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVUV 7.37% 6.83% +0.54% $54M
CVX 2.28% 1.78% +0.50% $17M
BNDX 6.72% 6.53% +0.19% $49M
VCRB 3.10% 2.92% +0.18% $23M
DFIC 5.55% 5.43% +0.13% $41M
VPLS 0.19% 0.11% +0.09% $1M
VTIP 2.51% 2.42% +0.09% $18M
AVSD 0.15% 0.07% +0.09% $1M
CGIC 0.08% 0.00% +0.08% $577K
LECO 0.78% 0.70% +0.07% $6M
DFAR 2.26% 2.19% +0.07% $17M
AVUS 4.04% 3.97% +0.07% $30M
AVDV 7.62% 7.55% +0.07% $56M
AVSE 0.11% 0.05% +0.05% $771K
JQUA 0.68% 0.63% +0.05% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFAC 19.91% 20.62% -0.71% $145M
DUHP 5.60% 5.81% -0.21% $41M
AAPL 1.14% 1.35% -0.21% $8M
AVGO 0.37% 0.55% -0.17% $3M
TSLA 0.31% 0.48% -0.16% $2M
MSFT 0.43% 0.56% -0.13% $3M
VTES 0.28% 0.37% -0.09% $2M
BAC 0.36% 0.45% -0.09% $3M
LLY 0.32% 0.40% -0.08% $2M
VGK 1.03% 1.10% -0.08% $8M
VBIL 0.43% 0.50% -0.07% $3M
AVEM 2.03% 2.09% -0.06% $15M
GOOG 0.27% 0.33% -0.06% $2M
NVDA 0.40% 0.44% -0.05% $3M
AVDE 2.60% 2.64% -0.04% $19M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 89.0%
Technology 2.9%
Energy 2.4%
Healthcare 2.1%
Industrials 1.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 49 $75M 10.3%
Large Cap 55 $520M 71.1%
Mid Cap 18 $106M 14.5%
Small Cap 12 $28M 3.9%
Micro Cap 2 $2M 0.3%

Portfolio Analytics

Avg Market Cap
$401.7B
Median Market Cap
$98.9B
Avg P/E
37.7
Median P/E
26.7
Avg Dividend Yield
0.01%
Avg Beta
0.95
# Stocks
65
# ETFs / Funds
71

Top Holdings (136 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 19.91% 3,744,102 $145M $38.86 -$131K +65,731 +1.8%
2 AVDV 7.62% 557,390 $56M $99.86 $2M -10,107 -1.8%
3 AVUV 7.37% 487,601 $54M $110.47 $6M +14,502 +3.1%
4 BNDX 6.72% 1,021,367 $49M $48.05 $3M +66,953 +7.0%
5 DUHP 5.60% 1,113,413 $41M $36.76 -$119K +34,064 +3.2%
6 DFIC 5.55% 1,142,023 $41M $35.53 $2M +30,170 +2.7%
7 DFEM 4.88% 1,031,628 $36M $34.55 $1M -1,609 -0.2%
8 AVUS 4.04% 265,535 $30M $111.18 $1M +14,477 +5.8%
9 VCRB 3.10% 292,700 $23M $77.38 $2M +27,874 +10.5%
10 AVDE 2.60% 224,161 $19M $84.84 $374K -2,321 -1.0%
11 VTIP 2.51% 366,971 $18M $49.95 $1M +21,463 +6.2%
12 CVX 2.28% 80,636 $17M $206.90 $4M -2,028 -2.5%
13 DFAR 2.26% 698,117 $17M $23.65 $1M +23,138 +3.4%
14 AVEM 2.03% 183,982 $15M $80.58 $46K -7,910 -4.1%
15 MCK 1.43% 12,057 $10M $865.36 $461K -101 -0.8%
16 CGXU 1.41% 348,445 $10M $29.49 $290K +10,533 +3.1%
17 AAPL 1.14% 32,837 $8M $253.79 -$1M -2,240 -6.4%
18 VGK 1.03% 91,064 $8M $82.43 -$280K -2,060 -2.2%
19 LECO 0.78% 22,764 $6M $249.08 $694K +2,000 +9.6%
20 CGIE 0.69% 148,025 $5M $33.82 $161K +8,886 +6.4%
21 JQUA 0.68% 80,898 $5M $61.32 $523K +10,655 +15.2%
22 DFAE 0.54% 116,328 $4M $33.86 $206K +1,720 +1.5%
23 DFAT 0.53% 62,318 $4M $62.45 $185K +53 +0.1%
24 DFAU 0.53% 86,168 $4M $45.12 -$90K +1,161 +1.4%
25 DCOR 0.49% 49,622 $4M $72.08 $254K +4,494 +10.0%
26 DFSV 0.43% 89,257 $3M $35.04 $278K +2,605 +3.0%
27 MSFT 0.43% 8,429 $3M $370.15 -$848K +224 +2.7%
28 VBIL 0.43% 41,208 $3M $75.65 -$410K -5,552 -11.9%
29 DISV 0.41% 76,760 $3M $39.44 $257K +3,843 +5.3%
30 DFGR 0.40% 110,996 $3M $26.58 $7K -393 -0.3%
31 NVDA 0.40% 16,568 $3M $174.40 -$252K -278 -1.6%
32 DFSU 0.40% 70,277 $3M $41.09 $294K +10,557 +17.7%
33 AVGO 0.37% 8,830 $3M $309.51 -$1M -2,354 -21.1%
34 AMZN 0.36% 12,693 $3M $208.27 -$153K +576 +4.8%
35 BAC 0.36% 53,920 $3M $48.75 -$527K -3,460 -6.0%
36 DFAI 0.34% 62,871 $2M $38.96 $57K +87 +0.1%
37 GOOGL 0.33% 8,356 $2M $287.56 $4K +691 +9.0%
38 LLY 0.32% 2,531 $2M $919.87 -$482K -84 -3.2%
39 TSLA 0.31% 6,189 $2M $371.75 -$1M -1,321 -17.6%
40 VOO 0.30% 3,716 $2M $597.55 -$120K -16 -0.4%
41 IEUR 0.29% 30,097 $2M $70.27 -$76K -767 -2.5%
42 IVV 0.29% 3,235 $2M $653.26 -$153K -74 -2.2%
43 QUAL 0.29% 11,012 $2M $191.81 $172K +1,246 +12.8%
44 CNOB 0.28% 77,425 $2M $26.77 -$16K -2,237 -2.8%
45 VTES 0.28% 20,357 $2M $101.14 -$581K -5,632 -21.7%
46 GOOG 0.27% 6,868 $2M $286.87 -$372K -595 -8.0%
47 COST 0.21% 1,544 $2M $996.50 $307K +116 +8.1%
48 BRK-B 0.21% 3,193 $2M $479.20 -$59K +31 +1.0%
49 VNQ 0.20% 16,742 $1M $88.70 -$50K -605 -3.5%
50 AVSU 0.20% 19,366 $1M $73.93 $8K +711 +3.8%
51 VPLS 0.19% 18,349 $1M $77.59 $682K +8,848 +93.1%
52 VXF 0.18% 6,360 $1M $205.80 -$21K
53 SPY 0.17% 1,959 $1M $650.29 -$133K -104 -5.0%
54 V 0.17% 4,136 $1M $302.24 -$115K +244 +6.3%
55 CAT 0.16% 1,672 $1M $708.46 $245K +32 +1.9%
56 CGMU 0.16% 43,589 $1M $27.15 $355K +13,350 +44.1%
57 META 0.16% 2,056 $1M $572.14 -$207K -39 -1.9%
58 CGSM 0.16% 43,343 $1M $26.28 $18K +768 +1.8%
59 DFSE 0.16% 26,810 $1M $42.37 $24K
60 AVSD 0.15% 15,195 $1M $73.65 $655K +8,948 +143.2%
61 VEA 0.14% 16,442 $1M $64.08 $2K -399 -2.4%
62 JPM 0.14% 3,444 $1M $294.19 $36K +413 +13.6%
63 DFCA 0.13% 18,345 $914K $49.85 $3K +153 +0.8%
64 JNJ 0.12% 3,737 $913K $244.44 $73K -326 -8.0%
65 SCHB 0.12% 35,136 $882K $25.10 -$51K -423 -1.2%
66 VXUS 0.11% 10,282 $793K $77.11 $21K +48 +0.5%
67 IJH 0.11% 11,561 $781K $67.53 $165K +2,226 +23.9%
68 AVSE 0.11% 11,581 $771K $66.57 $388K +5,681 +96.3%
69 IWF 0.10% 1,781 $759K $426.41 -$63K +43 +2.5%
70 HD 0.10% 2,229 $733K $328.88 $52K +251 +12.7%
71 CDNS 0.10% 2,546 $707K $277.87 -$86K +6 +0.2%
72 XOM 0.10% 4,153 $705K $169.65 $276K +589 +16.5%
73 WSM 0.10% 3,813 $695K $182.33 -$28K -237 -5.8%
74 ORCL 0.09% 4,559 $671K $147.12 -$237K -96 -2.1%
75 BND 0.09% 8,951 $659K $73.64 $59K +843 +10.4%
76 INTC 0.09% 14,124 $623K $44.13 $80K -609 -4.1%
77 IWD 0.08% 2,848 $609K $213.68 $19K +47 +1.7%
78 EXPD 0.08% 4,208 $603K $143.23 -$39K -100 -2.3%
79 WMT 0.08% 4,836 $601K $124.28 $118K +501 +11.6%
80 CGIC 0.08% 17,431 $577K $33.11 +17,431 NEW
81 VGUS 0.08% 7,561 $572K $75.66 $4K +39 +0.5%
82 SYK 0.08% 1,710 $562K $328.53 -$45K -16 -0.9%
83 ADP 0.08% 2,756 $560K $203.17 -$159K -39 -1.4%
84 WFC 0.08% 6,997 $557K $79.62 -$112K -186 -2.6%
85 VWO 0.07% 9,660 $522K $54.05 $4K +20 +0.2%
86 PEP 0.07% 3,295 $512K $155.31 $2K -254 -7.2%
87 DFSI 0.07% 11,814 $501K $42.40 -$5K
88 PHYS 0.07% 14,071 $499K $35.44 $34K
89 DFNM 0.07% 10,176 $488K $47.93 -$26K -494 -4.6%
90 CSCO 0.06% 6,112 $474K $77.60 -$22K -336 -5.2%
91 PG 0.06% 3,261 $471K $144.42 $31K +192 +6.3%
92 AXP 0.06% 1,521 $460K $302.48 -$35K +183 +13.7%
93 VUSB 0.06% 8,747 $435K $49.78 $4K +86 +1.0%
94 VTI 0.06% 1,342 $431K $320.92 -$19K
95 VT 0.06% 3,104 $429K $138.31 -$2K +47 +1.5%
96 MCD 0.06% 1,368 $425K $310.85 $9K +6 +0.4%
97 DIS 0.06% 4,206 $405K $96.38 -$69K +34 +0.8%
98 SCHX 0.06% 15,684 $402K $25.64 -$24K -158 -1.0%
99 VOOG 0.05% 966 $394K $407.69 -$36K
100 GE 0.05% 1,382 $392K $283.70 -$109K -246 -15.1%

New Positions

SymbolValue% Port
CGIC $577K 0.08%
VUG $296K 0.04%
BR $273K 0.04%
DFUS $264K 0.04%
MRK $263K 0.04%
DFCF $259K 0.04%
FTNT $256K 0.04%
FDX $230K 0.03%
TXN $224K 0.03%
C $212K 0.03%
TT $205K 0.03%

Sold Out Positions

SymbolValue% Port
LOW —%
SCHW —%
AMD —%
DOCU —%
INTU —%
View SEC EDGAR Filings for Burton Enright Welch →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms