# 25 LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1968777. Source: https://holderbook.com/funds/1968777-25-llc/

- Reported value: $365.2M
- Positions: 80
- Weight of the ten largest: 74.3%
- Filed: 2026-07-28

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 STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $62.3M | 728,825 | 17.1% | 14 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $32.8M | 397,366 | 9.0% | 14 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $31.9M | 131,378 | 8.7% | 14 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $30.8M | 141,177 | 8.4% | 14 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $30.3M | 351,738 | 8.3% | 14 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $26.9M | 455,811 | 7.4% | 14 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $16.4M | 392,450 | 4.5% | 14 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $15.9M | 466,978 | 4.4% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $12.4M | 40,836 | 3.4% | 14 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $11.5M | 74,838 | 3.2% | 14 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $9.4M | 195,416 | 2.6% | 14 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $9.3M | 183,538 | 2.5% | 14 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $9.1M | 84,806 | 2.5% | 14 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $8.1M | 200,601 | 2.2% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.6M | 19,330 | 1.5% | 14 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.4M | 6,431 | 1.2% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.9M | 11,028 | 1.1% | 11 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $3.6M | 81,164 | 1.0% | 14 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $2.6M | 46,500 | 0.7% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.4M | 12,124 | 0.7% | 10 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $1.8M | 25,806 | 0.5% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 7,460 | 0.5% | 14 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $1.6M | 42,056 | 0.4% | 14 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $1.5M | 28,394 | 0.4% | 14 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $1.5M | 18,582 | 0.4% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 3,894 | 0.4% | 14 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $1.3M | 32,857 | 0.4% | 14 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $1.2M | 25,921 | 0.3% | 11 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.2M | 14,980 | 0.3% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1M | 3,207 | 0.3% | 9 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.0M | 6,026 | 0.3% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.0M | 9,038 | 0.3% | 11 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $936.5K | 12,234 | 0.3% | 14 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $915.5K | 11,118 | 0.3% | 14 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $878.3K | 20,808 | 0.2% | 14 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $803.0K | 23,730 | 0.2% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $798.3K | 1,069 | 0.2% | 14 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $706.8K | 1,255 | 0.2% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $660.9K | 551 | 0.2% | 9 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $598.5K | 15,428 | 0.2% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $583.4K | 1,782 | 0.2% | 10 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $566.1K | 11,787 | 0.2% | 14 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $503.4K | 672 | 0.1% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $491.4K | 1,393 | 0.1% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $485.0K | 1,284 | 0.1% | 4 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $475.4K | 12,904 | 0.1% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $465.7K | 1,258 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $439.6K | 15,870 | 0.1% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $402.1K | 956 | 0.1% | 6 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $395.6K | 174 | 0.1% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $385.3K | 1,780 | 0.1% | 3 |
| VANGUARD MUN BD FDS | [VTEI](https://holderbook.com/stocks/VTEI/) | $381.2K | 3,775 | 0.1% | 8 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $350.9K | 872 | 0.1% | 14 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $345.1K | 299 | 0.1% | 1 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $335.7K | 4,077 | 0.1% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $335.7K | 3,391 | 0.1% | 14 |
| VANGUARD WORLD FD | [VCEB](https://holderbook.com/stocks/VCEB/) | $326.9K | 5,208 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $312.9K | 8,660 | 0.1% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $305.5K | 2,234 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $305.2K | 887 | 0.1% | 4 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $296.9K | 5,964 | 0.1% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $294.0K | 1,157 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $292.5K | 9,937 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DXUV](https://holderbook.com/stocks/DXUV/) | $288.6K | 4,340 | 0.1% | 3 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $268.9K | 5,632 | 0.1% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $267.0K | 264 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $262.5K | 1,791 | 0.1% | 9 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $260.7K | 7,490 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $243.2K | 486 | 0.1% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $235.6K | 781 | 0.1% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $234.4K | 564 | 0.1% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $220.7K | 380 | 0.1% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $218.2K | 2,267 | 0.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $218.2K | 636 | 0.1% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $215.4K | 766 | 0.1% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $202.6K | 2,157 | 0.1% | 2 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $184.5K | 11,415 | 0.1% | 5 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $163.7K | 12,585 | 0.0% | 3 |
| COTY INC | [COTY](https://holderbook.com/stocks/COTY/) | $24.4K | 11,280 | 0.0% | 2 |
| ORAGENICS INC | [OGEN](https://holderbook.com/stocks/OGEN/) | $13.4K | 23,160 | 0.0% | 1 |

## 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 | +8.7% | +14.8% | -6.2% | 100% |
| Q1 2026 | -0.7% | -4.6% | +4.0% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +7.1% | +10.5% | -3.4% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $365.2M | 80 |
| Q1 2026 | $324.4M | 69 |
| Q4 2025 | $315.1M | 71 |
| Q3 2025 | $293.7M | 67 |
| Q2 2025 | $272.2M | 62 |
| Q1 2025 | $241.7M | 59 |
| Q4 2024 | $236.3M | 57 |
| Q3 2024 | $230.4M | 53 |
| Q2 2024 | $210.6M | 52 |
| Q1 2024 | $204.4M | 49 |
| Q4 2023 | $194.1M | 46 |
| Q3 2023 | $164.0M | 36 |