Burton Enright Welch
CIK 2105919 · View on SEC EDGAR ↗
- Portfolio value
- $489.1M
- Positions
- 136
- As of
- June 30, 2026
#3,828 of 9,443 by 13F value · top 40.5%
Portfolio value QoQ: +35.9% 13F does not disclose cash
- Top 10 holdings weight
- 61.18%
- Top 25 holdings weight
- 77.77%
- Positions above 1%
- 17
- Effective number of positions
- 20.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 13.56% Est. buys $156,834,214 · sells $57,548,606
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 87.7% still held
- New positions
- 7
- Increased
- 57
- Decreased
- 61
- Closed
- 5
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
5.9%
Energy
2.8%
Healthcare
2.8%
Industrials
2.1%
Financials
1.5%
Communication Services
1.4%
Retail
1.3%
Consumer Discretionary
0.6%
Financial Services
0.6%
Logistics & Transportation
0.2%
Communications
0.1%
Consumer products
0.1%
Consumer Staples
0.1%
Utilities
0.1%
Telecommunication
0.0%
Other/Unmapped
80.4%
Full portfolio 136 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AVDV | $57,133,878 | 11.68% | 554,429 | $57,131,949 | Up ×1 | ||
| DUHP | $49,864,163 | 10.20% | 1,194,924 | $49,862,644 | Up ×1 | ||
| DFEM | $43,611,398 | 8.92% | 1,073,115 | $7,972,568 | Up ×1 | ||
| AVUS | $34,014,188 | 6.95% | 265,570 | $4,492,014 | Up ×2 | ||
| VCRB Vanguard Core Bond ETF | $28,617,925 | 5.85% | 370,542 | $28,617,845 | Up ×1 | ||
| VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares | $21,230,053 | 4.34% | 422,657 | $2,900,985 | Up ×6 | ||
| AVDE | $19,644,204 | 4.02% | 220,226 | $626,383 | Down ×4 | ||
| AVEM | $16,533,042 | 3.38% | 171,345 | $1,707,777 | Down ×4 | ||
| CGXU | $15,430,780 | 3.16% | 445,713 | $5,155,148 | Up ×4 | ||
| CVX Chevron Corporation Common Stock | $13,131,078 | 2.68% | 79,217 | $-3,552,588 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $9,757,778 | 2.00% | 33,722 | $1,424,113 | Up ×1 | ||
| MCK McKesson Corporation Common Stock | $8,874,522 | 1.81% | 11,745 | $-1,559,124 | Down ×6 | ||
| VGK | $7,752,564 | 1.59% | 87,560 | $246,199 | Down ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $6,092,604 | 1.25% | 30,449 | $3,203,154 | Up ×1 | ||
| LECO Lincoln Electric Holdings, Inc. - Common Shares | $6,044,070 | 1.24% | 22,764 | $374,012 | |||
| JQUA | $5,793,760 | 1.18% | 80,157 | $833,089 | Down ×1 | ||
| CGIE | $5,238,074 | 1.07% | 142,416 | $231,856 | Down ×1 | ||
| VBIL Vanguard 0-3 Month Treasury Bill ETF | $4,777,511 | 0.98% | 63,128 | $1,660,153 | Up ×1 | ||
| DFAE | $4,621,171 | 0.94% | 114,926 | $682,311 | Down ×1 | ||
| DFAT | $4,240,554 | 0.87% | 60,666 | $348,794 | Down ×1 | ||
| DFAU | $4,109,611 | 0.84% | 79,505 | $221,711 | Down ×1 | ||
| DCOR | $3,875,851 | 0.79% | 47,278 | $299,097 | Down ×1 | ||
| DFSV | $3,463,762 | 0.71% | 89,295 | $336,193 | Up ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $3,370,696 | 0.69% | 8,923 | $637,722 | Up ×1 | ||
| DFSU | $3,147,292 | 0.64% | 67,495 | $259,610 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $3,131,788 | 0.64% | 13,140 | $488,216 | Up ×3 | ||
| DFGR | $3,116,806 | 0.64% | 107,587 | $166,531 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $3,103,103 | 0.63% | 8,319 | $-16,900 | Down ×1 | ||
| VTES | $3,094,312 | 0.63% | 30,543 | $1,035,405 | Up ×1 | ||
| DISV | $3,065,846 | 0.63% | 76,398 | $38,437 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $3,052,603 | 0.62% | 53,573 | $424,021 | Down ×6 | ||
| VOO | $2,724,600 | 0.56% | 3,967 | $504,086 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $2,712,710 | 0.55% | 7,591 | $309,844 | Down ×1 | ||
| VTEC | $2,662,882 | 0.54% | 26,470 | $697,729 | Up ×6 | ||
| TSLA Tesla, Inc. - Common Stock | $2,644,313 | 0.54% | 6,287 | $343,552 | Up ×1 | ||
| CNOB ConnectOne Bancorp, Inc. - Common Stock | $2,591,734 | 0.53% | 77,504 | $519,066 | Up ×1 | ||
| DFAI | $2,581,559 | 0.53% | 62,583 | $132,101 | Down ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $2,471,568 | 0.51% | 6,995 | $501,371 | Up ×1 | ||
| QUAL | $2,419,875 | 0.49% | 11,028 | $307,663 | Up ×2 | ||
| IVV | $2,413,876 | 0.49% | 3,223 | $300,565 | Down ×2 | ||
| LLY Eli Lilly and Company Common Stock | $2,371,661 | 0.48% | 1,977 | $43,459 | Down ×4 | ||
| IEUR | $2,173,231 | 0.44% | 28,911 | $58,280 | Down ×6 | ||
| INTC Intel Corporation - Common Stock | $2,003,505 | 0.41% | 14,349 | $1,380,227 | Up ×1 | ||
| SPY SPY | $1,865,445 | 0.38% | 2,498 | $591,521 | Up ×1 | ||
| VCRM | $1,783,657 | 0.36% | 23,346 | $175,721 | Up ×5 | ||
| VPLS Vanguard Core Plus Bond ETF | $1,757,946 | 0.36% | 22,661 | $334,267 | Up ×2 | ||
| AVSU | $1,693,831 | 0.35% | 19,135 | $262,199 | Down ×1 | ||
| VSDM | $1,638,870 | 0.34% | 21,387 | $456,774 | Up ×4 | ||
| BRKB | $1,618,762 | 0.33% | 3,235 | $88,676 | Up ×6 | ||
| CAT Caterpillar, Inc. Common Stock | $1,593,091 | 0.33% | 1,496 | $408,545 | Down ×1 | ||
| CGMU | $1,592,334 | 0.33% | 57,966 | $408,885 | Up ×3 | ||
| VXF | $1,565,896 | 0.32% | 6,360 | $257,008 | |||
| VNQ | $1,461,590 | 0.30% | 15,157 | $-23,426 | Down ×5 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $1,383,479 | 0.28% | 2,456 | $207,151 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $1,350,926 | 0.28% | 1,444 | $-187,669 | Down ×1 | ||
| V Visa Inc. | $1,302,713 | 0.27% | 3,797 | $52,648 | Down ×1 | ||
| DFSE | $1,236,016 | 0.25% | 25,287 | $100,084 | Down ×1 | ||
| AVSD | $1,213,445 | 0.25% | 15,190 | $94,380 | Down ×1 | ||
| CGSM | $1,164,206 | 0.24% | 44,124 | $25,156 | Up ×6 | ||
| VEA | $1,152,723 | 0.24% | 16,179 | $99,147 | Down ×2 | ||
| SCHB | $1,016,650 | 0.21% | 35,105 | $134,734 | Down ×6 | ||
| DFCA | $995,622 | 0.20% | 19,841 | $81,123 | Up ×4 | ||
| AVSE | $927,617 | 0.19% | 11,335 | $156,686 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $893,467 | 0.18% | 3,518 | $-20,006 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $888,172 | 0.18% | 2,713 | $-125,028 | Down ×1 | ||
| VXUS Vanguard Total International Stock ETF | $875,355 | 0.18% | 10,239 | $82,490 | Down ×1 | ||
| IWF | $873,667 | 0.18% | 7,036 | $114,226 | Up ×3 | ||
| WSM Williams-Sonoma, Inc. Common Stock (DE) | $841,958 | 0.17% | 3,612 | $146,733 | Down ×2 | ||
| CDNS Cadence Design Systems, Inc. - Common Stock | $835,087 | 0.17% | 2,225 | $127,629 | Down ×1 | ||
| IJH | $720,593 | 0.15% | 9,345 | $-60,122 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $719,259 | 0.15% | 6,123 | $244,995 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $706,738 | 0.14% | 2,004 | $-26,328 | Down ×1 | ||
| EXPD Expeditors International of Washington, Inc. Common Stock | $686,309 | 0.14% | 4,211 | $83,597 | Up ×1 | ||
| IWD | $679,076 | 0.14% | 2,801 | $70,518 | Down ×1 | ||
| VGUS Vanguard Ultra-Short Treasury ETF | $676,776 | 0.14% | 8,945 | $104,693 | Up ×2 | ||
| ORCL Oracle Corporation Common Stock | $673,600 | 0.14% | 4,596 | $2,869 | Up ×1 | ||
| FTNT Fortinet, Inc. - Common Stock | $655,036 | 0.13% | 4,264 | $398,680 | Up ×1 | ||
| CGIC | $634,315 | 0.13% | 17,431 | $57,174 | |||
| WFC Wells Fargo & Company Common Stock | $628,186 | 0.13% | 7,601 | $71,119 | Up ×1 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $616,943 | 0.13% | 2,755 | $57,015 | Down ×3 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $572,778 | 0.12% | 986 | ||||
| VTI | $566,410 | 0.12% | 1,531 | $135,734 | Up ×1 | ||
| BND Vanguard Total Bond Market ETF | $552,794 | 0.11% | 7,530 | $-106,383 | Down ×1 | ||
| VWO | $551,059 | 0.11% | 9,232 | $28,943 | Down ×1 | ||
| GE GE Aerospace Common Stock | $549,625 | 0.11% | 1,471 | $157,555 | Up ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $548,757 | 0.11% | 759 | $176,889 | Down ×3 | ||
| SYK Stryker Corporation Common Stock | $545,835 | 0.11% | 1,734 | $-15,952 | Up ×1 | ||
| DFSI | $532,902 | 0.11% | 11,816 | $31,988 | Up ×1 | ||
| DFNM | $508,726 | 0.10% | 10,525 | $20,990 | Up ×1 | ||
| VT | $500,580 | 0.10% | 3,189 | $71,265 | Up ×2 | ||
| XOM Exxon Mobil Corporation Common Stock | $497,074 | 0.10% | 3,636 | $-207,473 | Down ×1 | ||
| VOOG | $486,718 | 0.10% | 5,891 | $92,889 | Up ×1 | ||
| SCHX | $461,583 | 0.09% | 15,684 | $59,443 | |||
| GEV GE Vernova Inc. Common Stock | $460,845 | 0.09% | 392 | $158,821 | Up ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $445,017 | 0.09% | 3,035 | $-25,943 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $444,442 | 0.09% | 604 | $67,235 | Down ×1 | ||
| WMT Walmart Inc. - Common Stock | $440,459 | 0.09% | 3,889 | $-160,549 | Down ×1 | ||
| AXP American Express Company Common Stock | $426,534 | 0.09% | 1,261 | $-33,539 | Down ×1 | ||
| PHYS | $424,523 | 0.09% | 14,071 | $-74,154 | |||
| VUSB | $421,884 | 0.09% | 8,475 | $-13,563 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VTIP | $21,230,053 | 4.34% | up ×6 |
| CGXU | $15,430,780 | 3.16% | up ×4 |
| AMZN | $3,131,788 | 0.64% | up ×3 |
| VTEC | $2,662,882 | 0.54% | up ×6 |
| VCRM | $1,783,657 | 0.36% | up ×5 |
| VSDM | $1,638,870 | 0.34% | up ×4 |
| BRKB | $1,618,762 | 0.33% | up ×6 |
| CGMU | $1,592,334 | 0.33% | up ×3 |
| CGSM | $1,164,206 | 0.24% | up ×6 |
| DFCA | $995,622 | 0.20% | up ×4 |
| IWF | $873,667 | 0.18% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFEM | Bought more | +42K | +$8.0M |
| CGXU | Bought more | +97K | +$5.2M |
| AVUS | Bought more | +35 | +$4.5M |
| CVX | Trimmed | -1K | -$3.6M |
| NVDA | Bought more | +14K | +$3.2M |
| VTIP | Bought more | +56K | +$2.9M |
| AVEM | Trimmed | -13K | +$1.7M |
| VBIL | Bought more | +22K | +$1.7M |
| MCK | Trimmed | -312 | -$1.6M |
| AAPL | Bought more | +885 | +$1.4M |
4 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| FLIC | June 30, 2025 | 160,449 | $1,981,546 | No longer tracked |
| CBZ | March 31, 2025 | 4,771 | $390,411 | -27.6% |
| VCIT | Sept. 30, 2025 | 3,796 | $314,765 | |
| DFCF | June 30, 2025 | 7,178 | $301,891 | No longer tracked |
| VUG | June 30, 2026 | 677 | $295,532 | No longer tracked |
| KO | Sept. 30, 2025 | 4,093 | $289,603 | 36.7% |
| NFLX | June 30, 2026 | 2,745 | $263,932 | 11.4% |
| DOCU | March 31, 2026 | 3,519 | $240,700 | 28.5% |
| AZO | Dec. 31, 2025 | 55 | $235,964 | -12.8% |
| VIG | March 31, 2025 | 1,193 | $233,626 | No longer tracked |
| SCHW | March 31, 2026 | 2,140 | $213,808 | 18.3% |
| INTU | March 31, 2026 | 322 | $213,300 | -16.6% |
| BX | Dec. 31, 2025 | 1,246 | $212,844 | -7.0% |
| C | June 30, 2026 | 1,868 | $211,808 | -5.8% |
| VIG | Sept. 30, 2025 | 1,017 | $208,150 | No longer tracked |
| VGT | March 31, 2025 | 330 | $205,500 | No longer tracked |
| TT | June 30, 2026 | 492 | $205,037 | -7.4% |
| AMD | March 31, 2026 | 955 | $204,523 | 131.4% |
| AZO | June 30, 2025 | 53 | $202,078 | -20.3% |
| BMRN | Sept. 30, 2025 | 3,675 | $202,015 | 24.9% |
| ABT | Dec. 31, 2025 | 1,501 | $201,010 | -8.7% |
| LOW | March 31, 2026 | 833 | $200,887 | -7.9% |
| AJG | Sept. 30, 2025 | 627 | $200,716 | -16.1% |
| TXN | Dec. 31, 2025 | 1,092 | $200,634 | 52.8% |
| CERS | June 30, 2026 | 11,056 | $20,122 | -4.1% |