Burton Enright Welch

Q3 2025 13F-HR Holdings

Location
Walnut Creek, CA
Holdings as of
9/30/2025
Date filed
3/9/2026
Form type
13F-HR
Num holdings
130
Total value ($000)
$662,445
Net value change ($000)
+85,766 (14.9%)
New positions
12
Sold out positions
5
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 3/9/2026 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
BNDX 19,946 91.2%
DFAC 15,732 13.1%
AVDV 6,142 14.0%
AVUV 5,968 15.2%
DFEM 3,961 14.2%
DUHP 3,883 11.0%
DFIC 3,879 12.6%
VCRB 3,024 21.3%
CGXU 2,075 33.6%
AVUS 1,929 7.6%
Top Reduces (Value $000, Stocks/ETFs)
MCK -848 -8.2%
BND -481 -43.8%
VCIT -315 -100.0%
KO -290 -100.0%
VTI -237 -35.4%
VIG -208 -100.0%
LLY -205 -9.0%
BMRN -202 -100.0%
AJG -201 -100.0%
WFC -139 -19.0%
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