MW
Mills Wealth Advisors LLC 13F Portfolio & Top Holdings (Q2 2026)
Mills Wealth Advisors LLCCIK: 0002029294
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$317.6M
Reporting period: 2026-06-30 · Number of holdings: 76
Mills Wealth Advisors LLC disclosed 76 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $317.6M and a quarterly turnover rate of 19.7%.
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Personality snowflake
- Concentration
- 27.71
- Portfolio Stability
- 19.65
- Momentum
- 100
- Sector conviction
- 61.8
- Diversification
- 100
- Sizing Uniformity
- 79.21
Mills Wealth Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.069 — mathematically equivalent to about 14 equally-sized positions, well below its 76 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.08), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DFAC
+4.3% $7.6M
Sold out JMUB
Sold out BIL
Trim VBIL
-59.8% -$1.8M
Sold out JMST
Trim VSDM
-3.0% -$331.9K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 14.95% | +1.02% | +4.25% | |
| 2 | VCRB | Vanguard Core Bond ETF | ETF-Other | 12.49% | +0.17% | +12.71% | |
| 3 | VCRM | Vanguard Core Tax-ex Bond | ETF-Other | 10.85% | +0.37% | +12.92% | |
| 4 | DUHP | Dimensional US High Profi Et | ETF-Other | 6.61% | +0.07% | -1.37% | |
| 5 | DFIC | Dimensional International Co | ETF-Other | 6.24% | -0.07% | +4.56% | |
| 6 | DIHP | Dimensional International Hi | ETF-Other | 4.47% | -0.01% | +4.43% | |
| 7 | DFSD | Dimensional Short Duration | ETF-Other | 4.17% | -0.13% | +7.96% | |
| 8 | VSDM | Vanguard Short Tax-ex Bond | ETF-Other | 3.98% | -0.55% | -2.99% | |
| 9 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 3.87% | +0.19% | -0.74% | |
| 10 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 2.63% | -0.02% | +10.66% | |
| 11 | DFEV | Dimensional Emrg Mrkt Val | ETF-Other | 2.63% | +0.43% | +11.18% | |
| 12 | DFNM | Dimensional National Muni Bd | ETF-Other | 2.50% | +0.33% | +26.35% | |
| 13 | DFAT | Dimensional US Target Value | ETF-Other | 2.22% | +0.13% | +4.98% | |
| 14 | DISV | Dimensional International Sm | ETF-Other | 1.99% | -0.11% | +3.13% | |
| 15 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 1.79% | +0.26% | +17.63% | |
| 16 | JOE | St Joe Co/the | Stock-Other | 1.73% | -0.23% | -1.53% | |
| 17 | DEXC | Dimensional Em Ex Cce ETF | ETF-Other | 1.45% | +0.18% | -0.65% | |
| 18 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 1.12% | -0.30% | +1.97% | |
| 19 | AMLP | Alerian Mlp ETF | ETF-Other | 1.07% | -0.20% | -5.08% | |
| 20 | DEHP | Dimensional Emrg Mrk Hi Prof | ETF-Other | 1.04% | +0.08% | -4.95% | |
| 21 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 0.94% | +0.44% | +109.49% | |
| 22 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.73% | +0.10% | +11.07% | |
| 23 | ENFR | Alerian Energy Infrastructur | ETF-Other | 0.51% | +0.35% | +246.66% | |
| 24 | DFSU | Dimensional US Sus Core1 ETF | ETF-Other | 0.50% | +0.06% | +9.17% | |
| 25 | DFAW | Dimensional World Eqty ETF | ETF-Other | 0.45% | +0.05% | +9.94% | |
| 26 | TEI | Templeton Emrg Mkts Inc | Stock-Other | 0.40% | -0.03% | -7.06% | |
| 27 | GM | General Motors Co | Stock-Consumer Disc | 0.40% | +0.06% | +27.17% | |
| 28 | VBIL | Vanguard 0-3m T-bill ETF | ETF-Other | 0.38% | -0.68% | -59.82% | |
| 29 | DFIV | Dimensional International Va | ETF-Other | 0.38% | -0.04% | -0.66% | |
| 30 | CSRE | C&s Real Estate Active ETF | ETF-Other | 0.36% | +0.36% | NEW | |
| 31 | VSDB | Vanguard Short Dur Bond ETF | ETF-Other | 0.35% | -0.11% | -16.20% | |
| 32 | FBTC | Fidelity Wise Origin Bitcoin | ETF-Crypto | 0.34% | -0.05% | +11.88% | |
| 33 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 0.29% | +0.17% | +165.53% | |
| 34 | FPAG | Fpa Global Equity ETF New | ETF-Other | 0.27% | -0.04% | -14.98% | |
| 35 | VGUS | Vanguard Ultra Shrt Treasury | ETF-Gov Bonds | 0.25% | +0.25% | NEW | |
| 36 | PULS | Pgim Ultra Short Bond ETF | ETF-Other | 0.24% | +0.24% | NEW | |
| 37 | WMB | Williams Cos Inc | Stock-Energy | 0.24% | +0.05% | +41.37% | |
| 38 | XOM | Exxon Mobil CORP | Stock-Energy | 0.23% | -0.30% | -40.86% | |
| 39 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.22% | -0.05% | -22.99% | |
| 40 | DFSI | Dimensional Int Sus Cor1 ETF | ETF-Other | 0.22% | +0.06% | +44.20% | |
| 41 | SGVT | Schwab Govt Money Market ETF | ETF-Other | 0.21% | +0.21% | NEW | |
| 42 | CSNR | C&s Nat Resources Active ETF | ETF-Other | 0.21% | +0.11% | +170.18% | |
| 43 | GBTC | Grayscale Bitcoin Trust ETF | ETF-Crypto | 0.20% | -0.06% | -0.82% | |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.20% | +0.06% | +52.39% | |
| 45 | FRDM | Freedom 100 Emeging Mrkt ETF | ETF-Other | 0.20% | +0.05% | +6.84% | |
| 46 | SUB | Ishares Short-term National | ETF-Other | 0.20% | +0.06% | +60.15% | |
| 47 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.19% | -0.16% | -38.96% | |
| 48 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.17% | +0.01% | — | |
| 49 | VGVT | Vanguard Govt Sec Active ETF | ETF-Other | 0.15% | +0.08% | +134.30% | |
| 50 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 0.15% | -0.14% | -44.26% |
1–50 of 76
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+15.5%
- Stdev
- +7.3%
- Beta
- +0.49
- Alpha
- +2.8%
- Max Drawdown
- -4.7%
- Annualized Perf
- +13%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.32
- Stutzer
- +0.48
- Treynor
- +0.26
- Sterling
- +0.99
- Calmar
- +2.76
- Information Ratio
- -0.99
- Tracking Error
- +7.5%
- Stdev Down
- +3.8%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +20.9%
- Worst 12 Months
- +5.5%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.72
- Stdev Sectors
- +9.5%
- Skewness
- -0.59
- Kurtosis
- +0.09
- Upside Potential
- +4.76
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 76 | $317.6M | 20 | ||
| 2026 Q1 | 80 | $286.3M | 22 | ||
| 2025 Q4 | 70 | $253.6M | 15 | ||
| 2025 Q3 | 71 | $245.8M | 36 | ||
| 2025 Q2 | 68 | $218.1M | 0 | ||
| 2025 Q1 | 63 | $188.3M | 0 | ||
| 2024 Q4 | 62 | $175.8M | 0 | ||
| 2024 Q3 | 55 | $145.3M | 0 | ||
| 2024 Q2 | 53 | $139.9M | 0 | ||
| 2024 Q1 | 54 | $136.3M | 0 | ||
| 2023 Q4 | 51 | $131.3M | 0 | ||
| 2023 Q3 | 49 | $124.9M | 0 | ||
| 2023 Q2 | 47 | $131.6M | — | ||
| 2023 Q1 | 45 | $124.1M | — | ||
| 2022 Q4 | 51 | $110.6M | — |
Holding changes this quarter
Mills Wealth Advisors LLC's most significant position changes for 2026-06-30: Sold out: Jpmorgan Municipal ETF (JMUB); Sold out: Ss Spdr Bb 1-3m T-bill ETF (BIL); Sold out: JPM Ultra-short Muni Income (JMST); New buy: C&s Real Estate Active ETF (CSRE); New buy: Vanguard Ultra Shrt Treasury (VGUS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | +1% | +4.25% | Add |
| 2 | VGSH | Vanguard Short-term Treasury | +0.4% | +109.49% | Add |
| 3 | DFEV | Dimensional Emrg Mrkt Val | +0.4% | +11.18% | Add |
| 4 | VCRM | Vanguard Core Tax-ex Bond | +0.4% | +12.92% | Add |
| 5 | CSRE | C&s Real Estate Active ETF | +0.4% | NEW | New buy |
| 6 | ENFR | Alerian Energy Infrastructur | +0.4% | +246.66% | Add |
| 7 | DFNM | Dimensional National Muni Bd | +0.3% | +26.35% | Add |
| 8 | DFLV | Dim US Large Cap Value ETF | +0.3% | +17.63% | Add |
| 9 | VGUS | Vanguard Ultra Shrt Treasury | +0.3% | NEW | New buy |
| 10 | PULS | Pgim Ultra Short Bond ETF | +0.2% | NEW | New buy |
| 11 | SGVT | Schwab Govt Money Market ETF | +0.2% | NEW | New buy |
| 12 | DFEM | Dimensional Emrg Mrkt Core | +0.2% | -0.74% | Trim |
| 13 | DEXC | Dimensional Em Ex Cce ETF | +0.2% | -0.65% | Trim |
| 14 | VCRB | Vanguard Core Bond ETF | +0.2% | +12.71% | Add |
| 15 | PAAA | Pgim Aaa Clo ETF | +0.2% | +165.53% | Add |
| 16 | DFAT | Dimensional US Target Value | +0.1% | +4.98% | Add |
| 17 | EMBX | Vaneck Em Bond ETF | +0.1% | NEW | New buy |
| 18 | SMMU | Pimco Shrt Trm Muni Bnd ETF | +0.1% | NEW | New buy |
| 19 | CSNR | C&s Nat Resources Active ETF | +0.1% | +170.18% | Add |
| 20 | DFAS | Dimensional US Small Cap ETF | +0.1% | +11.07% | Add |
| 21 | DEHP | Dimensional Emrg Mrk Hi Prof | +0.1% | -4.95% | Trim |
| 22 | VGVT | Vanguard Govt Sec Active ETF | +0.1% | +134.30% | Add |
| 23 | DUHP | Dimensional US High Profi Et | +0.1% | -1.37% | Trim |
| 24 | NVDA | Nvidia CORP | +0.1% | NEW | New buy |
| 25 | GM | General Motors Co | +0.1% | +27.17% | Add |
| 26 | DFSU | Dimensional US Sus Core1 ETF | +0.1% | +9.17% | Add |
| 27 | DFSI | Dimensional Int Sus Cor1 ETF | +0.1% | +44.20% | Add |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +52.39% | Add |
| 29 | SUB | Ishares Short-term National | +0.1% | +60.15% | Add |
| 30 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | +54.24% | Add |
| 31 | DFAW | Dimensional World Eqty ETF | +0.1% | +9.94% | Add |
| 32 | WMB | Williams Cos Inc | +0.1% | +41.37% | Add |
| 33 | FRDM | Freedom 100 Emeging Mrkt ETF | +0.1% | +6.84% | Add |
| 34 | ETHU | 2x Ether ETF | +0.1% | NEW | New buy |
| 35 | CSCO | Cisco Systems Inc | 0% | -1.65% | Trim |
| 36 | VOO | Vanguard S&p 500 ETF | 0% | +9.22% | Add |
| 37 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 38 | DFSE | Dimensional Em Sus Core1 ETF | 0% | +7.32% | Add |
| 39 | EMXC | Ishares Msci Emr Mrk Ex Chna | 0% | — | Unchanged |
| 40 | R | Ryder System Inc | 0% | — | Unchanged |
| 41 | DFGR | Dim Global Real Estate ETF | 0% | +8.23% | Add |
| 42 | VGT | Vanguard Info Tech ETF | 0% | +631.69% | Add |
| 43 | GOOGL | Alphabet Inc-cl A | 0% | -7.01% | Trim |
| 44 | AVEE | Avantis Em Mkt Sm Cap Eq ETF | — | +3.64% | Add |
| 45 | ABBV | Abbvie Inc | — | -3.76% | Trim |
| 46 | DFSV | Dimensional US Small Cap Val | — | -0.26% | Trim |
| 47 | AMZN | Amazon.com Inc | — | -7.02% | Trim |
| 48 | DIHP | Dimensional International Hi | 0% | +4.43% | Add |
| 49 | MSFT | Microsoft CORP | 0% | +3.31% | Add |
| 50 | HD | Home Depot Inc | 0% | -2.14% | Trim |
1–50 of 88
Filing History
FAQ
What is Mills Wealth Advisors LLC and what type of investor is it?
Mills Wealth Advisors LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $317.6M, spread across 76 disclosed positions.
What are Mills Wealth Advisors LLC's largest equity positions?
Based on the latest 13F filing, Mills Wealth Advisors LLC's top holdings by market value are:
1. Dimensional US Core Equity 2 (DFAC) — $47.5M (14.9%)
2. Vanguard Core Bond ETF (VCRB) — $39.7M (12.5%)
3. Vanguard Core Tax-ex Bond (VCRM) — $34.4M (10.8%)
4. Dimensional US High Profi Et (DUHP) — $21.0M (6.6%)
5. Dimensional International Co (DFIC) — $19.8M (6.2%)
What changes did Mills Wealth Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, Mills Wealth Advisors LLC made 84 notable position adjustments: 8 new positions were initiated, 35 existing holdings were added to, 29 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Jpmorgan Municipal ETF (JMUB); Sold out: Ss Spdr Bb 1-3m T-bill ETF (BIL); Sold out: JPM Ultra-short Muni Income (JMST); New buy: C&s Real Estate Active ETF (CSRE); New buy: Vanguard Ultra Shrt Treasury (VGUS)
What sectors does Mills Wealth Advisors LLC focus on?
Mills Wealth Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 33.1%
• Energy: 19.4%
• Information Technology: 16.9%
• Communication Services: 14.2%
• Industrials: 8.4%
• Financials: 4.7%
Investment Profile
Mills Wealth Advisors LLC returned an annualized 13.0% over the trailing 36 months — outperforming the S&P 500 by 2.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.49 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 33.1% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 20 over the past 4 quarters — a shift toward more active trading.
It has added to its DFAC position over the past two quarters (+$9.0M, now $47.5M), while trimming VTI over the same stretch (-$1.1M, still holding $695.4K).
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Developer Access
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