# Grunden Financial Advisory, Inc.

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 2010014. Source: https://holderbook.com/funds/2010014-grunden-financial-advisory-inc/

- Reported value: $255.9M
- Positions: 35
- Weight of the ten largest: 90.0%
- Filed: 2026-01-27

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 |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $54.7M | 1,380,842 | 21.4% | 9 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $37.5M | 986,709 | 14.7% | 9 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $35.5M | 834,031 | 13.9% | 9 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $24.7M | 514,517 | 9.6% | 9 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $18.5M | 397,270 | 7.2% | 9 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $17.4M | 531,680 | 6.8% | 9 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $15.3M | 464,053 | 6.0% | 9 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $13.0M | 410,432 | 5.1% | 9 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $7.8M | 104,887 | 3.0% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $6.0M | 34,515 | 2.3% | 9 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $4.6M | 65,786 | 1.8% | 9 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $4.1M | 119,769 | 1.6% | 9 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $3.4M | 90,463 | 1.3% | 9 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $3.1M | 80,668 | 1.2% | 3 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $1.4M | 43,218 | 0.5% | 3 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $1.4M | 41,193 | 0.5% | 9 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $1.3M | 38,410 | 0.5% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $868.4K | 3,194 | 0.3% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $769.7K | 1,253 | 0.3% | 1 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $606.0K | 12,580 | 0.2% | 9 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $467.4K | 4,268 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $348.3K | 1,200 | 0.1% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $348.1K | 1,112 | 0.1% | 3 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $321.4K | 475 | 0.1% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $308.9K | 1,740 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $304.8K | 11,535 | 0.1% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $281.1K | 625 | 0.1% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $252.5K | 2,266 | 0.1% | 5 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $235.5K | 856 | 0.1% | 9 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $214.7K | 886 | 0.1% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $213.5K | 442 | 0.1% | 5 |
| THOMSON REUTERS CORP | [TRIXXXX](https://holderbook.com/stocks/TRIXXXX/) | $208.7K | 1,582 | 0.1% | 9 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $204.4K | 610 | 0.1% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $204.0K | 308 | 0.1% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $200.5K | 1,075 | 0.1% | 3 |

## 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 |
|---|---|---|---|---|
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.2% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.3% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2024 | -2.5% | +2.1% | -4.6% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |
| Q2 2024 | -0.1% | +4.0% | -4.2% | 100% |
| Q1 2024 | +5.3% | +10.0% | -4.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $255.9M | 35 |
| Q3 2025 | $246.0M | 31 |
| Q2 2025 | $226.5M | 31 |
| Q1 2025 | $205.9M | 25 |
| Q4 2024 | $207.1M | 27 |
| Q3 2024 | $203.7M | 24 |
| Q2 2024 | $191.5M | 26 |
| Q1 2024 | $188.0M | 24 |
| Q4 2023 | $178.0M | 25 |