Burton Enright Welch
Long book
$735.5M
Q1 2026
Positions
134
Top-10 weight
67%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsBurton Enright Welch is a wealth-management firm allocating client money, running a $735.5M US long book across 134 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: DIMENSIONAL US CORE EQUITY 2, AVANTIS INTL S/C VALUE ETF, AVANTIS US SMALL CAP VALUE, VANGUARD TOTAL INTL BOND ETF, DIMENSIONAL US HIGH PROFI ET.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+5.9%
Q3 2024
-1.2%
Q4 2024
-0.3%
Q1 2025
+8.5%
Q2 2025
+7.7%
Q3 2025
+3.1%
Q4 2025
+1.3%
Q1 2026
+9.9%
Sector allocation
Technology 30%
Energy 19%
Consumer discretionary 19%
Industrials 12%
Financials 10%
Healthcare 6%
Services media 2%
Consumer staples 1%
Long book by quarter
What does Burton Enright own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CVX CHEVRON CORP | Energy | 80.6K | $16.7M | 2.3% | -2.5% |
| MCK MCKESSON CORP | Consumer discretionary | 12.1K | $10.4M | 1.4% | -0.8% |
| AAPL APPLE INC | Technology | 32.8K | $8.3M | 1.1% | -6.4% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 22.8K | $5.7M | 0.8% | +9.6% |
| MSFT MICROSOFT CORP | Technology | 8.4K | $3.1M | 0.4% | +2.7% |
| NVDA NVIDIA CORP | Technology | 16.6K | $2.9M | 0.4% | -1.7% |
| AVGO BROADCOM INC | Technology | 8.8K | $2.7M | 0.4% | -21.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 12.7K | $2.6M | 0.4% | +4.8% |
| BAC BANK OF AMERICA CORP | Financials | 53.9K | $2.6M | 0.4% | -6.0% |
| GOOGL ALPHABET INC-CL A | Technology | 8.4K | $2.4M | 0.3% | +9.0% |
| LLY ELI LILLY & CO | Healthcare | 2.5K | $2.3M | 0.3% | -3.2% |
| TSLA TESLA INC | Industrials | 6.2K | $2.3M | 0.3% | -17.6% |
| CNOB CONNECTONE BANCORP INC | Financials | 77.4K | $2.1M | 0.3% | -2.8% |
| GOOG ALPHABET INC-CL C | Technology | 6.9K | $2.0M | 0.3% | -8.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.5K | $1.5M | 0.2% | +8.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.2K | $1.5M | 0.2% | +1.0% |
| V VISA INC-CLASS A SHARES | Services media | 4.1K | $1.3M | 0.2% | +6.3% |
| CAT CATERPILLAR INC | Industrials | 1.7K | $1.2M | 0.2% | +2.0% |
| META META PLATFORMS INC-CLASS A | Technology | 2.1K | $1.2M | 0.2% | -1.9% |
| JPM JPMORGAN CHASE & CO | Financials | 3.4K | $1.0M | 0.1% | +13.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.7K | $913K | 0.1% | -8.0% |
| HD HOME DEPOT INC | Consumer discretionary | 2.2K | $733K | 0.1% | +12.7% |
| CDNS CADENCE DESIGN SYS INC | Technology | 2.5K | $707K | 0.1% | +0.2% |
| XOM EXXON MOBIL CORP | Energy | 4.2K | $705K | 0.1% | +16.5% |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 3.8K | $695K | 0.1% | -5.9% |
| ORCL ORACLE CORP | Technology | 4.6K | $671K | 0.1% | -2.1% |
| INTC INTEL CORP | Technology | 14.1K | $623K | 0.1% | -4.1% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 4.2K | $603K | 0.1% | -2.3% |
| WMT WALMART INC | Consumer discretionary | 4.8K | $601K | 0.1% | +11.6% |
| SYK STRYKER CORP | Healthcare | 1.7K | $562K | 0.1% | -0.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 2.8K | $560K | 0.1% | -1.4% |
| WFC WELLS FARGO & CO | Financials | 7.0K | $557K | 0.1% | -2.6% |
| PEP PEPSICO INC | Consumer staples | 3.3K | $512K | 0.1% | -7.2% |
| CSCO CISCO SYSTEMS INC | Technology | 6.1K | $474K | 0.1% | -5.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 3.3K | $471K | 0.1% | +6.3% |
| AXP AMERICAN EXPRESS CO | Financials | 1.5K | $460K | 0.1% | +13.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.4K | $425K | 0.1% | +0.4% |
| DIS WALT DISNEY CO/THE | Services media | 4.2K | $405K | 0.1% | +0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 143 | $735.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 128 | $710.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Mar 9, 2026 | 130 | $662.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Mar 9, 2026 | 123 | $576.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Mar 9, 2026 | 104 | $491.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 9, 2026 | 98 | $476.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Mar 9, 2026 | 93 | $466.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Mar 9, 2026 | 92 | $433.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Mar 9, 2026 | 89 | $415.7M | canonical | SEC ↗ |