# RAFFA WEALTH MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1631073. Source: https://holderbook.com/funds/1631073-raffa-wealth-management-llc/

- Reported value: $793.3M
- Positions: 1,591
- Weight of the ten largest: 69.7%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $89.3M | 241,262 | 11.3% | 28 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $69.9M | 694,542 | 8.8% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $61.5M | 863,323 | 7.8% | 28 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $57.7M | 450,553 | 7.3% | 17 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $53.5M | 728,737 | 6.7% | 28 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $51.8M | 987,415 | 6.5% | 28 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $50.7M | 613,965 | 6.4% | 28 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $44.5M | 880,019 | 5.6% | 7 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $39.7M | 894,699 | 5.0% | 18 |
| FIDELITY COVINGTON TRUST | [FQAL](https://holderbook.com/stocks/FQAL/) | $34.5M | 424,404 | 4.4% | 5 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $31.0M | 622,737 | 3.9% | 17 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $17.4M | 194,650 | 2.2% | 18 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $16.9M | 282,762 | 2.1% | 28 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $13.3M | 317,648 | 1.7% | 14 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $8.6M | 84,064 | 1.1% | 28 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $8.4M | 143,656 | 1.1% | 21 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $7.3M | 293,026 | 0.9% | 16 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $7.2M | 54,759 | 0.9% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $7.1M | 84,885 | 0.9% | 28 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $6.4M | 9,389 | 0.8% | 28 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $5.8M | 168,499 | 0.7% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.4M | 7,227 | 0.7% | 28 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $5.2M | 102,663 | 0.7% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $5.1M | 24,011 | 0.6% | 28 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $4.9M | 63,170 | 0.6% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.6M | 6,132 | 0.6% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $4.5M | 45,285 | 0.6% | 28 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $4.2M | 75,966 | 0.5% | 28 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $4.1M | 158,108 | 0.5% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.7M | 46,796 | 0.5% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.7M | 12,732 | 0.5% | 28 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $3.4M | 41,193 | 0.4% | 22 |
| VANGUARD WORLD FD | [VCEB](https://holderbook.com/stocks/VCEB/) | $3.1M | 48,855 | 0.4% | 8 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $3.1M | 39,816 | 0.4% | 28 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $3.0M | 58,116 | 0.4% | 18 |
| ISHARES TR | [SMMD](https://holderbook.com/stocks/SMMD/) | $2.8M | 30,938 | 0.4% | 11 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $2.4M | 81,795 | 0.3% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 11,151 | 0.3% | 28 |
| SPDR SERIES TRUST | [VLU](https://holderbook.com/stocks/VLU/) | $2.2M | 9,251 | 0.3% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.5M | 15,696 | 0.2% | 28 |
| J P MORGAN EXCHANGE TRADED F | [JFLX](https://holderbook.com/stocks/JFLX/) | $1.4M | 27,436 | 0.2% | 4 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.4M | 15,975 | 0.2% | 28 |
| EAGLE BANCORPORATION INC | [EGBN](https://holderbook.com/stocks/EGBN/) | $1.2M | 43,105 | 0.2% | 28 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.1M | 14,649 | 0.1% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $950.2K | 1,899 | 0.1% | 28 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $793.2K | 1,077 | 0.1% | 28 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $779.0K | 13,508 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $730.7K | 7,578 | 0.1% | 28 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $713.0K | 7,390 | 0.1% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $711.3K | 1,907 | 0.1% | 28 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $686.5K | 16,642 | 0.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $611.6K | 16,415 | 0.1% | 17 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $610.1K | 3,714 | 0.1% | 28 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $609.3K | 5,722 | 0.1% | 22 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $602.2K | 5,676 | 0.1% | 28 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $582.9K | 22,282 | 0.1% | 11 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $551.9K | 10,103 | 0.1% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $538.2K | 2,258 | 0.1% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $510.6K | 1,445 | 0.1% | 28 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $510.2K | 13,838 | 0.1% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $503.2K | 420 | 0.1% | 28 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $463.9K | 2,936 | 0.1% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $447.6K | 2,901 | 0.1% | 21 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $439.0K | 2,014 | 0.1% | 28 |
| INVESCO EXCH TRADED FD TR II | [IBBQ](https://holderbook.com/stocks/IBBQ/) | $410.5K | 12,570 | 0.1% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $404.7K | 1,236 | 0.1% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $397.4K | 1,112 | 0.1% | 28 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $395.0K | 19,276 | 0.0% | 5 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $381.9K | 4,610 | 0.0% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $365.6K | 1,440 | 0.0% | 28 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $360.3K | 1,432 | 0.0% | 28 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $351.6K | 1,589 | 0.0% | 28 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $332.6K | 3,519 | 0.0% | 19 |
| DIMENSIONAL ETF TRUST | [DCOR](https://holderbook.com/stocks/DCOR/) | $325.6K | 3,972 | 0.0% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $313.6K | 914 | 0.0% | 28 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $304.1K | 1,379 | 0.0% | 28 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $277.0K | 914 | 0.0% | 28 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $273.9K | 725 | 0.0% | 28 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $271.5K | 482 | 0.0% | 28 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $265.3K | 3,225 | 0.0% | 28 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $262.0K | 227 | 0.0% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $260.9K | 2,304 | 0.0% | 28 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $250.8K | 2,554 | 0.0% | 19 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $246.8K | 4,898 | 0.0% | 9 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $232.2K | 3,323 | 0.0% | 17 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $231.6K | 229 | 0.0% | 28 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $224.4K | 2,160 | 0.0% | 28 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $222.7K | 1,419 | 0.0% | 28 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $220.4K | 524 | 0.0% | 28 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $217.3K | 1,691 | 0.0% | 28 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $216.4K | 1,583 | 0.0% | 28 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $204.6K | 4,225 | 0.0% | 28 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $201.7K | 1,360 | 0.0% | 28 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $200.3K | 553 | 0.0% | 28 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $186.7K | 610 | 0.0% | 28 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $181.8K | 313 | 0.0% | 28 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $181.5K | 2,215 | 0.0% | 9 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $178.5K | 786 | 0.0% | 28 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $178.3K | 1,216 | 0.0% | 28 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $175.2K | 3,463 | 0.0% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.1% | +14.8% | -7.8% | 100% |
| Q1 2026 | -0.9% | -4.6% | +3.8% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.2% | 100% |
| Q2 2025 | +5.7% | +10.5% | -4.7% | 100% |
| Q1 2025 | -0.1% | -4.6% | +4.4% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.6% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $793.3M | 1,591 |
| Q1 2026 | $640.3M | 1,518 |
| Q4 2025 | $650.1M | 1,163 |
| Q3 2025 | $556.6M | 1,172 |
| Q2 2025 | $500.0M | 1,105 |
| Q1 2025 | $439.4M | 1,079 |
| Q4 2024 | $429.7M | 1,113 |
| Q3 2024 | $414.3M | 1,082 |
| Q2 2024 | $352.4M | 1,151 |
| Q1 2024 | $335.7M | 1,128 |
| Q4 2023 | $329.3M | 1,060 |
| Q3 2023 | $294.0M | 1,063 |