Burton Enright Welch

Q4 2023 13F-HR Holdings

Location
Walnut Creek, CA
Holdings as of
12/31/2023
Date filed
3/9/2026
Form type
13F-HR
Num holdings
81
Total value ($000)
$374,409
Net value change ($000)
+50,356 (15.5%)
New positions
13
Sold out positions
3
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 3/9/2026 Next filing: 3/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2023
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DFAC 13,414 18.0%
AVUV 4,850 15.8%
DFEM 3,094 19.5%
AVDE 2,824 32.0%
CGXU 2,434 NEW
AVDV 2,394 8.1%
AVEM 2,377 30.8%
AVUS 2,338 14.5%
JQUA 2,154 NEW
DFIC 1,976 12.1%
Top Reduces (Value $000, Stocks/ETFs)
CVX -2,158 -14.7%
DFNM -891 -58.5%
CDNS -688 -40.0%
SPYM -301 -100.0%
DGRO -216 -100.0%
SDY -201 -100.0%
V -120 -11.4%
XOM -105 -23.4%
GROV -86 -33.5%
SPY -62 -6.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type