25 LLC
Reported holdings as of Q3 2026, from 15 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD STAR FDS | VXUS | $60.9M | 716,258 | -0.48pp | 15q | -1.7%-$1.1M | |
| VANGUARD SCOTTSDALE FDS | VCIT | $33.6M | 429,337 | +0.17pp | 15q | +8.0%+$2.5M | |
| VANGUARD INDEX FDS | VUG | $31.5M | 349,532 | +0.29pp | 15q | -0.6%-$198.8K | |
| VANGUARD INDEX FDS | VTV | $30.4M | 140,547 | -0.15pp | 15q | HELD | |
| VANGUARD INDEX FDS | VBR | $29.8M | 128,867 | -0.63pp | 15q | -1.9%-$580.1K | |
| VANGUARD SCOTTSDALE FDS | VGIT | $28.0M | 493,913 | +0.27pp | 15q | +8.4%+$2.2M | |
| DFA INVT DIMENSIONS GROUP IN | DUHP | $16.9M | 403,136 | - | new | NEW | |
| DIMENSIONAL ETF TRUST | DIHP | $16.3M | 483,445 | +0.08pp | 8q | +3.5%+$554.8K | |
| VANGUARD MUN BD FDS | VTEB | $11.5M | 243,331 | +0.60pp | 15q | +32.6%+$2.8M | |
| VANGUARD INDEX FDS | VB | $11.4M | 39,959 | -0.29pp | 15q | -2.1%-$249.5K | |
| VANGUARD INTL EQUITY INDEX F | VSS | $10.8M | 69,473 | -0.22pp | 15q | -7.2%-$832.9K | |
| ISHARES TR | MUB | $9.8M | 96,468 | +0.16pp | 15q | +13.8%+$1.2M | |
| DIMENSIONAL ETF TRUST | DISV | $9.0M | 207,058 | +0.24pp | 12q | +3.2%+$279.5K | |
| DIMENSIONAL ETF TRUST | DFNM | $8.1M | 176,569 | -0.37pp | 15q | -9.6%-$867.5K | |
| APPLE INC | AAPL | $5.8M | 17,280 | +0.04pp | 15q | -10.6%-$682.7K | |
| VANGUARD INDEX FDS | VOO | $4.3M | 6,156 | -0.03pp | 15q | -4.3%-$192.8K | |
| ALPHABET INC | GOOG | $3.7M | 10,818 | -0.06pp | 12q | -1.9%-$71.6K | |
| DIMENSIONAL ETF TRUST | DFAC | $3.7M | 82,293 | +0.01pp | 15q | +1.4%+$50.2K | |
| NVIDIA CORPORATION | NVDA | $2.9M | 12,915 | +0.14pp | 11q | +6.5%+$180.7K | |
| DIMENSIONAL ETF TRUST | DFUV | $2.6M | 46,599 | flat | 15q | HELD | |
| SPACE EXPLORATION TECHN CORP | SPCX | $2.4M | 15,667 | +0.36pp | 2q | +160.0%+$1.5M | |
| MICROSOFT CORP | MSFT | $2.1M | 4,102 | +0.18pp | 15q | +5.3%+$106.7K | |
| AMAZON COM INC | AMZN | $1.8M | 7,178 | flat | 15q | -3.8%-$70.3K | |
| DIMENSIONAL ETF TRUST | DFAT | $1.7M | 25,883 | -0.03pp | 15q | HELD | |
| DIMENSIONAL ETF TRUST | DFIC | $1.6M | 42,597 | +0.01pp | 15q | +1.3%+$20.3K | |
| DIMENSIONAL ETF TRUST | DFIV | $1.6M | 28,463 | +0.01pp | 15q | HELD | |
| PROSHARES TR | TQQQ | $1.5M | 18,619 | -0.02pp | 15q | HELD | |
| DIMENSIONAL ETF TRUST | DFEM | $1.3M | 33,914 | flat | 15q | +3.2%+$42.0K | |
| SCHWAB STRATEGIC TR | SCHC | $1.3M | 25,901 | +0.01pp | 12q | HELD | |
| DIMENSIONAL ETF TRUST | DFUS | $1.2M | 14,996 | flat | 15q | HELD | |
| WALMART INC | WMT | $1.1M | 10,472 | +0.02pp | 12q | +15.9%+$149.0K | |
| ALPHABET INC | GOOGL | $1.1M | 3,099 | -0.02pp | 10q | -3.4%-$37.2K | |
| ISHARES TR | EFV | $968.2K | 12,234 | +0.01pp | 15q | HELD | |
| DIMENSIONAL ETF TRUST | DFCF | $965.8K | 24,073 | +0.02pp | 15q | +15.7%+$131.0K | |
| DIMENSIONAL ETF TRUST | DFAS | $862.3K | 11,138 | -0.02pp | 15q | HELD | |
| SCHWAB STRATEGIC TR | SCHG | $852.6K | 23,730 | +0.01pp | 2q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $815.3K | 1,069 | flat | 15q | HELD | |
| FASTENAL CO | FAST | $586.2K | 11,835 | flat | 15q | HELD | |
| DFA INVT DIMENSIONS GROUP IN | DFSV | $575.4K | 15,356 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $570.3K | 1,724 | flat | 11q | -3.3%-$19.2K | |
| META PLATFORMS INC | META | $543.1K | 749 | -0.05pp | 11q | -40.3%-$366.9K | |
| ELI LILLY & CO | LLY | $535.7K | 463 | -0.03pp | 10q | -16.0%-$101.8K | |
| VANGUARD INDEX FDS | VTI | $480.0K | 1,283 | flat | 8q | +2.0%+$9.4K | |
| DIMENSIONAL ETF TRUST | DFAX | $477.7K | 12,904 | flat | 15q | HELD | |
| BROADCOM INC | AVGO | $457.3K | 1,302 | -0.01pp | 5q | +1.4%+$6.3K | |
| MASTERCARD INCORPORATED | MA | $431.8K | 783 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHF | $426.7K | 15,533 | flat | 11q | -2.1%-$9.3K | |
| HOME DEPOT INC | HD | $402.9K | 1,416 | -0.02pp | 15q | +1.7%+$6.5K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $381.9K | 2,346 | - | new | NEW | |
| ISHARES TR | IVV | $365.0K | 477 | -0.04pp | 7q | -29.0%-$149.2K | |
| VANGUARD WORLD FD | VSGX | $330.5K | 4,077 | flat | 6q | HELD | |
| MICRON TECHNOLOGY INC | MU | $324.9K | 305 | -0.01pp | 2q | +2.0%+$6.4K | |
| ISHARES TR | AGG | $320.6K | 3,391 | flat | 15q | HELD | |
| SNAP ON INC | SNA | $315.7K | 869 | -0.01pp | 15q | HELD | |
| DFA INVT DIMENSIONS GROUP IN | DXUV | $313.5K | 4,671 | - | new | NEW | |
| VANGUARD WORLD FD | VCEB | $310.3K | 5,208 | flat | 6q | HELD | |
| TESLA INC | TSLA | $306.9K | 865 | -0.03pp | 7q | -9.5%-$32.3K | |
| DIMENSIONAL ETF TRUST | DFSD | $305.4K | 6,571 | +0.01pp | 4q | +16.7%+$43.6K | |
| SCHWAB STRATEGIC TR | SCHX | $300.5K | 10,017 | flat | 6q | +0.8%+$2.4K | |
| VANGUARD BD INDEX FDS | VUSB | $294.6K | 5,945 | flat | 5q | HELD | |
| VANGUARD INDEX FDS | VV | $292.1K | 830 | flat | 5q | -6.4%-$20.1K | |
| SCHWAB STRATEGIC TR | SCHA | $287.2K | 8,801 | -0.01pp | 5q | +1.6%+$4.6K | |
| SANDISK CORP | SNDK | $287.1K | 165 | -0.03pp | 2q | -5.2%-$15.7K | |
| MARATHON PETE CORP | MPC | $286.3K | 724 | - | new | NEW | |
| VISA INC | V | $279.2K | 777 | +0.02pp | 2q | +22.2%+$50.7K | |
| JOHNSON & JOHNSON | JNJ | $260.6K | 984 | -0.01pp | 3q | -15.0%-$45.8K | |
| ADVANCED MICRO DEVICES INC | AMD | $260.6K | 426 | +0.01pp | 2q | +12.1%+$28.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $254.5K | 511 | flat | 2q | +5.1%+$12.4K | |
| GOLDMAN SACHS GROUP INC | GS | $243.1K | 270 | -0.01pp | 4q | +2.3%+$5.4K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $224.4K | 492 | - | new | NEW | |
| ORACLE CORP | ORCL | $218.4K | 1,591 | -0.01pp | 10q | -11.2%-$27.5K | |
| PETROLEO BRASILEIRO S A | PBR | $217.7K | 10,432 | +0.01pp | 6q | -8.6%-$20.5K | |
| SCHWAB STRATEGIC TR | SCHV | $208.3K | 6,252 | -0.01pp | 2q | -16.5%-$41.2K | |
| UNITEDHEALTH GROUP INC | UNH | $204.5K | 557 | -0.01pp | 2q | -1.2%-$2.6K | |
| BLUEROCK PVT REAL ESTATE FD | BPRE | $157.8K | 12,585 | flat | 4q | HELD | |
| ORAGENICS INC COM | OGEN | $11.4K | 23,160 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $10.0M | 2.7% |
| Computer Hardware | $6.0M | 1.6% |
| Other sectors | $13.4M | 3.6% |
| Not classified | $337.5M | 92.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.2% | +2.1% | -3.3% | 100% |
| Q2 2026 | +8.7% | +14.8% | -6.2% | 100% |
| Q1 2026 | -0.7% | -4.6% | +4.0% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +7.1% | +10.5% | -3.4% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $366.9M | 76 | 7 | 25 | 24 | 11 | 73.6% | 13 |
| Q2 2026 | $365.2M | 80 | 13 | 37 | 12 | 2 | 74.3% | 28 |
| Q1 2026 | $324.4M | 69 | 3 | 41 | 9 | 5 | 74.9% | 20 |
| Q4 2025 | $315.1M | 71 | 8 | 30 | 19 | 4 | 74.0% | 15 |
| Q3 2025 | $293.7M | 67 | 6 | 30 | 14 | 1 | 82.6% | 16 |
| Q2 2025 | $272.2M | 62 | 6 | 35 | 9 | 3 | 83.4% | 21 |
| Q1 2025 | $241.7M | 59 | 3 | 32 | 12 | 1 | 83.9% | 14 |
| Q4 2024 | $236.3M | 57 | 6 | 26 | 11 | 2 | 83.1% | 15 |
| Q3 2024 | $230.4M | 53 | 3 | 34 | 6 | 2 | 83.7% | 15 |
| Q2 2024 | $210.6M | 52 | 4 | 21 | 11 | 1 | 83.5% | 5 |
| Q1 2024 | $204.4M | 49 | 5 | 21 | 13 | 2 | 84.0% | 25 |
| Q4 2023 | $194.1M | 46 | 10 | 29 | 2 | 0 | 84.1% | 18 |
| Q3 2023 | $164.0M | 36 | 0 | 17 | 8 | 581 | 86.1% | 18 |
| Q2 2023 | $180.6M | 617 | 207 | 156 | 39 | 99 | 82.6% | 19 |
| Q1 2023 | $161.8M | 509 | 0 | 0 | 0 | 0 | 82.4% | 40 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.