# Financial Alternatives, Inc

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1967227. Source: https://holderbook.com/funds/1967227-financial-alternatives-inc/

- Reported value: $202.9M
- Positions: 84
- Weight of the ten largest: 66.7%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $37.0M | 834,859 | 18.2% | 15 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $34.5M | 836,269 | 17.0% | 15 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $17.0M | 252,253 | 8.4% | 15 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $12.8M | 317,955 | 6.3% | 15 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $7.3M | 129,653 | 3.6% | 15 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $6.8M | 70,071 | 3.3% | 15 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $5.2M | 68,562 | 2.6% | 15 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $5.1M | 52,613 | 2.5% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $5.0M | 13,547 | 2.5% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $4.8M | 107,792 | 2.4% | 15 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $4.3M | 49,686 | 2.1% | 15 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $3.5M | 68,638 | 1.7% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 11,739 | 1.7% | 15 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $3.3M | 9,723 | 1.6% | 15 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $2.8M | 34,825 | 1.4% | 15 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $2.4M | 64,369 | 1.2% | 15 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $2.2M | 54,329 | 1.1% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.1M | 6,039 | 1.0% | 15 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $1.8M | 19,741 | 0.9% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.6M | 12,225 | 0.8% | 15 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $1.5M | 12,301 | 0.7% | 15 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $1.5M | 8,407 | 0.7% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.7% | 15 |
| EATON VANCE RISK-MANAGED DIV | [ETJ](https://holderbook.com/stocks/ETJ/) | $1.5M | 180,120 | 0.7% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 2,681 | 0.7% | 15 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 3,121 | 0.6% | 15 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 9,451 | 0.6% | 15 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.3M | 13,175 | 0.6% | 15 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.3M | 2,407 | 0.6% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.2M | 14,845 | 0.6% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.2M | 1,630 | 0.6% | 11 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.1M | 4,489 | 0.5% | 15 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $1.1M | 9,084 | 0.5% | 15 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.0M | 2,843 | 0.5% | 15 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $899.0K | 6,140 | 0.4% | 15 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $869.8K | 4,402 | 0.4% | 15 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $848.6K | 4,813 | 0.4% | 13 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $816.0K | 5,970 | 0.4% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $801.2K | 9,944 | 0.4% | 15 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $787.3K | 5,953 | 0.4% | 15 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $757.3K | 4,610 | 0.4% | 15 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $679.9K | 14,341 | 0.3% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $656.3K | 2,773 | 0.3% | 15 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $650.2K | 17,648 | 0.3% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $638.6K | 3,192 | 0.3% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $631.9K | 8,869 | 0.3% | 15 |
| COHEN & STEERS CLOSED-END | [FOF](https://holderbook.com/stocks/FOF/) | $607.9K | 43,796 | 0.3% | 15 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $602.8K | 3,662 | 0.3% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $574.9K | 1,676 | 0.3% | 15 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $562.3K | 3,806 | 0.3% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $524.8K | 1,468 | 0.3% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $506.1K | 541 | 0.2% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $447.2K | 7,492 | 0.2% | 15 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $444.8K | 6,400 | 0.2% | 15 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $442.1K | 2,705 | 0.2% | 15 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $436.3K | 4,200 | 0.2% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $400.1K | 3,458 | 0.2% | 15 |
| INVESCO EXCHANGE TRADED FD T | [PRFZ](https://holderbook.com/stocks/PRFZ/) | $360.4K | 6,463 | 0.2% | 15 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $353.0K | 4,015 | 0.2% | 11 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $352.5K | 6,524 | 0.2% | 15 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $348.5K | 851 | 0.2% | 15 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $348.1K | 1,436 | 0.2% | 3 |
| ISHARES TR | [IFGL](https://holderbook.com/stocks/IFGL/) | $345.9K | 15,510 | 0.2% | 15 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $337.0K | 450 | 0.2% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $328.9K | 1,780 | 0.2% | 15 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $307.3K | 3,720 | 0.2% | 9 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $306.8K | 2,406 | 0.2% | 11 |
| ISHARES TR | [IEUS](https://holderbook.com/stocks/IEUS/) | $301.8K | 4,360 | 0.1% | 15 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $298.6K | 2,707 | 0.1% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $269.1K | 392 | 0.1% | 1 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $250.3K | 3,040 | 0.1% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $245.5K | 4,309 | 0.1% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $238.3K | 1,000 | 0.1% | 14 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $235.7K | 1,549 | 0.1% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $234.4K | 1,888 | 0.1% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $234.3K | 636 | 0.1% | 4 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $230.7K | 1,900 | 0.1% | 1 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $223.2K | 548 | 0.1% | 13 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $223.0K | 467 | 0.1% | 1 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $221.3K | 4,047 | 0.1% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $215.4K | 546 | 0.1% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $200.7K | 198 | 0.1% | 1 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $174.3K | 10,437 | 0.1% | 15 |
| EATON VANCE TAX-MANAGED GLOB | [ETW](https://holderbook.com/stocks/ETW/) | $120.2K | 12,466 | 0.1% | 15 |

## 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 | +8.5% | +14.8% | -6.3% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 100% |
| Q2 2025 | +6.9% | +10.5% | -3.6% | 100% |
| Q1 2025 | -1.1% | -4.6% | +3.5% | 100% |
| Q4 2024 | -2.1% | +2.1% | -4.3% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $202.9M | 84 |
| Q1 2026 | $185.5M | 79 |
| Q4 2025 | $172.0M | 87 |
| Q3 2025 | $165.1M | 86 |
| Q2 2025 | $153.6M | 86 |
| Q1 2025 | $140.3M | 81 |
| Q4 2024 | $141.8M | 81 |
| Q3 2024 | $142.1M | 85 |
| Q2 2024 | $133.1M | 82 |
| Q1 2024 | $129.3M | 82 |
| Q4 2023 | $118.4M | 80 |
| Q3 2023 | $108.0M | 78 |