# BDFS Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2112636. Source: https://holderbook.com/funds/2112636-bdfs-capital-llc/

- Reported value: $230.0M
- Positions: 116
- Weight of the ten largest: 60.2%
- Filed: 2026-07-15

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 |
|---|---|---|---|---|---|
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $68.8M | 1,148,473 | 29.9% | 3 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $11.9M | 267,655 | 5.2% | 3 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $11.6M | 104,909 | 5.0% | 3 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $9.3M | 192,154 | 4.0% | 3 |
| DIMENSIONAL ETF TRUST | [DCOR](https://holderbook.com/stocks/DCOR/) | $9.1M | 111,492 | 4.0% | 3 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $7.7M | 207,856 | 3.4% | 3 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $7.2M | 150,110 | 3.1% | 3 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $4.9M | 116,706 | 2.1% | 3 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $4.4M | 111,277 | 1.9% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.5M | 17,610 | 1.5% | 3 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $3.4M | 46,424 | 1.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.3M | 11,364 | 1.4% | 3 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $3.3M | 56,476 | 1.4% | 3 |
| JOHN HANCOCK EXCHANGE TRADED | [JHPI](https://holderbook.com/stocks/JHPI/) | $3.1M | 137,265 | 1.4% | 3 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $2.7M | 65,341 | 1.2% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.2M | 5,794 | 0.9% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.1M | 5,576 | 0.9% | 3 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $2.0M | 42,141 | 0.9% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.7M | 7,931 | 0.7% | 3 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.7M | 3,366 | 0.7% | 3 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $1.7M | 48,458 | 0.7% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 6,872 | 0.7% | 3 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $1.6M | 32,327 | 0.7% | 3 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.6M | 20,846 | 0.7% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.6M | 2,786 | 0.7% | 3 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $1.5M | 2,465 | 0.7% | 2 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $1.4M | 16,673 | 0.6% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 5,616 | 0.6% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 1,851 | 0.6% | 3 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $1.3M | 32,752 | 0.6% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 3,571 | 0.5% | 3 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $1.2M | 26,233 | 0.5% | 3 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $1.2M | 29,168 | 0.5% | 3 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $1.1M | 831 | 0.5% | 2 |
| DIMENSIONAL ETF TRUST | [DEHP](https://holderbook.com/stocks/DEHP/) | $1.1M | 26,492 | 0.5% | 3 |
| DIMENSIONAL ETF TRUST | [DFNM](https://holderbook.com/stocks/DFNM/) | $1.1M | 23,230 | 0.5% | 3 |
| FIRSTCASH HOLDINGS INC | [FCFS](https://holderbook.com/stocks/FCFS/) | $1.1M | 5,035 | 0.5% | 2 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $1.1M | 12,436 | 0.5% | 3 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $1.0M | 9,666 | 0.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0M | 2,851 | 0.4% | 3 |
| VSE CORP | [VSEC](https://holderbook.com/stocks/VSEC/) | $996.6K | 4,362 | 0.4% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $990.1K | 19,575 | 0.4% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $986.7K | 7,050 | 0.4% | 2 |
| ISHARES U S ETF TR | [MEAR](https://holderbook.com/stocks/MEAR/) | $979.4K | 19,440 | 0.4% | 3 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $972.5K | 9,036 | 0.4% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $904.9K | 2,395 | 0.4% | 1 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $901.2K | 37,332 | 0.4% | 3 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $898.3K | 21,211 | 0.4% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $859.7K | 1,800 | 0.4% | 3 |
| DIMENSIONAL ETF TRUST | [DFVX](https://holderbook.com/stocks/DFVX/) | $838.7K | 10,199 | 0.4% | 1 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $810.7K | 1,072 | 0.4% | 2 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $795.3K | 11,378 | 0.3% | 3 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $790.5K | 9,648 | 0.3% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $786.0K | 395 | 0.3% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $770.9K | 1,809 | 0.3% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $769.8K | 9,314 | 0.3% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $762.4K | 5,199 | 0.3% | 3 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $752.5K | 9,966 | 0.3% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $730.2K | 975 | 0.3% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $712.1K | 4,192 | 0.3% | 3 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $709.7K | 3,462 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $705.5K | 754 | 0.3% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $676.1K | 7,375 | 0.3% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $663.4K | 5,857 | 0.3% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $660.4K | 2,963 | 0.3% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $651.1K | 7,070 | 0.3% | 3 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $638.5K | 2,257 | 0.3% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $638.4K | 2,292 | 0.3% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $604.3K | 6,885 | 0.3% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $600.0K | 1,384 | 0.3% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $562.5K | 1,095 | 0.2% | 3 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $560.8K | 13,144 | 0.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $560.8K | 1,713 | 0.2% | 1 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $552.7K | 1,756 | 0.2% | 3 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $544.4K | 17,223 | 0.2% | 3 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $537.9K | 1,022 | 0.2% | 3 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $489.3K | 3,700 | 0.2% | 3 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $481.6K | 5,850 | 0.2% | 3 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $472.9K | 5,160 | 0.2% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $466.7K | 3,608 | 0.2% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $463.8K | 1,259 | 0.2% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $430.5K | 3,083 | 0.2% | 1 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $412.0K | 1,741 | 0.2% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $396.9K | 1,164 | 0.2% | 1 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $396.4K | 7,519 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $390.3K | 568 | 0.2% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $379.7K | 2,775 | 0.2% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $378.6K | 7,081 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $375.0K | 4,353 | 0.2% | 3 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $345.0K | 3,674 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $344.5K | 1,581 | 0.1% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $338.6K | 2,462 | 0.1% | 3 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $332.8K | 1,340 | 0.1% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $326.1K | 1,436 | 0.1% | 3 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $323.0K | 5,872 | 0.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $311.3K | 622 | 0.1% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [MFLX](https://holderbook.com/stocks/MFLX/) | $304.4K | 17,523 | 0.1% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $300.3K | 517 | 0.1% | 1 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $293.4K | 440 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $284.2K | 8,962 | 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 |
|---|---|---|---|---|
| Q2 2026 | +4.4% | +14.8% | -10.4% | 100% |
| Q1 2026 | -0.6% | -4.6% | +4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $230.0M | 116 |
| Q1 2026 | $207.8M | 137 |
| Q4 2025 | $198.1M | 134 |