Burton Enright Welch

Q1 2025 13F-HR Holdings

Location
Walnut Creek, CA
Holdings as of
3/31/2025
Date filed
3/9/2026
Form type
13F-HR
Num holdings
104
Total value ($000)
$491,761
Net value change ($000)
+15,518 (3.3%)
New positions
9
Sold out positions
3
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 3/9/2026 Next filing: 3/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
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)
DFIC 3,764 15.5%
AVDV 3,186 9.0%
VCRB 2,611 23.4%
CVX 1,860 15.5%
MCK 1,353 16.6%
TSLA 1,232 125.6%
VTIP 1,071 8.4%
AVDE 1,047 8.5%
DFSV 936 50.0%
JQUA 932 28.2%
Top Reduces (Value $000, Stocks/ETFs)
AVUV -2,782 -7.2%
DFAC -2,604 -2.3%
AMZN -1,335 -28.9%
NVDA -727 -33.2%
AAPL -660 -8.4%
LECO -434 -10.0%
LLY -417 -14.9%
CBZ -390 -100.0%
MSFT -330 -11.8%
BAC -271 -9.0%
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