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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

von Borstel & Associates, Inc.

Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0002041065-25-000002

Total Value
$652,054
Positions
190
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (190)

#IssuerTicker / CUSIPSharesValue% of Filing
1DIMENSIONAL U.S. CORE EQUITY 2 ETF25434V7083,411,659$133,53220.48%
2DIMENSIONAL GLOBAL CORE PLUS FIXED INCOME ETF25434V5831,342,063$74,08811.36%
3DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF25434V7991,366,821$45,4876.98%
4DIMENSIONAL US HIGH PROFITABILITY ETF25434V831706,677$26,7834.11%
5DIMENSIONAL US SMALL CAP VALUE ETF25434V815821,691$25,9493.98%
6MICROSOFT CORP COMMSFT48,255$24,4173.74%
7DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF25434V732514,011$17,1062.62%
8DIMENSIONAL WORLD EX U.S. CORE EQUITY 2 ETF25434V880533,692$17,0782.62%
9DIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF25434V781427,639$15,3182.35%
10DIMENSIONAL INTERNATIONAL HIGH PROFITABILITY ETF25434V765486,376$15,0872.31%
11ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF464287242132,026$14,6242.24%
12NVIDIA CORPORATION COMNVDA72,810$14,4922.22%
13ISHARES CORE S&P 500 ETF46428720017,221$11,7931.81%
14APPLE INC COMAAPL36,458$9,8231.51%
15DIMENSIONAL SHORTDURATION FIXED INCOME ETF25434V864186,347$8,9891.38%
16DIMENSIONAL EMERGING MARKETS HIGH PROFITABILITY ETF25434V757268,225$8,6531.33%
17DIMENSIONAL EMERGING MARKETS VALUE ETF25434V740255,597$8,6211.32%
18ISHARES CORE U.S. AGGREGATE BOND ETF46428722685,346$8,5481.31%
19STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF78464A375245,638$8,2971.27%
20FIDELITY HIGH DIVIDEND ETF316092840121,483$6,8161.05%
21JPMORGAN BETABUILDERS U.S. EQUITY ETF46641Q39949,831$6,1480.94%
22VANGUARD TOTAL INTERNATIONAL STOCK ETF92190976878,562$5,9020.91%
23ZACKS SMALL/MID CAP ETF98888G204149,605$5,5930.86%
24ZACKS EARNINGS CONSISTENT PORTFOLIO ETF98888G105158,804$5,4730.84%
25JPMORGAN INTERNATIONAL VALUE ETF46654Q75769,665$5,4470.84%
26DIMENSIONAL GLOBAL REAL ESTATE ETF25434V658162,432$4,4230.68%
27PARAMETRIC HEDGED EQUITY ETFMS-PQ134,430$4,3560.67%
28COSTCO WHSL CORP NEW COM22160K1054,204$3,8490.59%
29CAPITAL GROUP GROWTH ETF14020G10184,733$3,7580.58%
30FIDELITY EMERGING MARKETS MULTIFACTOR ETF316092543107,152$3,3380.51%
31ISHARES NATIONAL MUNI BOND ETF46428841429,042$3,1150.48%
32CAPITAL GROUP U.S. MULTISECTOR INCOME ETF14020Y300106,285$2,9370.45%
33UTILITIES SELECT SECTOR SPDR FUND81369Y88632,486$2,9120.45%
34VANGUARD CORE TAXEXEMPT BOND ETF92290771237,192$2,8150.43%
35FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF33739P855136,570$2,6480.41%
36VANGUARD SHORT DURATION TAXEXEMPT BOND ETF92290769634,313$2,6220.40%
37PARAMETRIC EQUITY PREMIUM INCOME ETFMS-PQ98,456$2,5240.39%
38AMAZON COM INC COMAMZN9,498$2,3590.36%
39WISDOMTREE ENHANCED COMMODITY STGY FDWT110,010$2,3040.35%
40STARBUCKS CORP COMSBUX22,800$1,9280.30%
41JPMORGAN INTERNATIONAL RESEARCH ENHANCED EQUITY ETF46641Q13424,494$1,8390.28%
42META PLATFORMS INC CL AMETA2,681$1,6940.26%
43GREENBRIER COS INC COM39365710138,578$1,6630.26%
44FRANKLIN DYNAMIC MUNICIPAL BOND ETFFGDL63,875$1,5900.24%
45JPMORGAN ACTIVE GROWTH ETF46654Q60915,858$1,5080.23%
46JPMORGAN CHASE & CO. COMVYLD4,464$1,4140.22%
47JPMORGAN CORE PLUS BOND ETF46641Q67029,791$1,4130.22%
48PACCAR INC COMPCAR13,893$1,3750.21%
49APPLE INC COMAAPL5,087$1,3700.21%
50ALPHABET INC CAP STK CL AGOOG4,527$1,3130.20%
51CATERPILLAR INC COMCAT2,284$1,3030.20%
52JPMORGAN GLOBAL SELECT EQUITY ETF GLOBAL SELECT EQUITY ETF46654Q74018,512$1,2640.19%
53BOEING CO COMBA-PA6,482$1,2620.19%
54ABBVIE INC COMABBV5,741$1,2550.19%
55BANK AMERICA CORP COM06050510423,322$1,2450.19%
56BROADCOM INC COMAVGO3,392$1,2150.19%
57BERKSHIRE HATHAWAY INC DEL CL B NEWBRK-A2,440$1,2120.19%
58JOHNSON & JOHNSON COMJNJ6,435$1,2120.19%
59JPMORGAN ACTIVE VALUE ETF46641Q16717,085$1,1960.18%
60JPMORGAN CHASE & CO. COMVYLD3,666$1,1610.18%
61DIMENSIONAL US SUSTAINABILITY CORE 1 ETF25434V71625,375$1,0920.17%
62PROCTER AND GAMBLE CO COM7427181097,214$1,0490.16%
63ELI LILLY & CO COMLLY1,008$9740.15%
64ELI LILLY & CO COMLLY957$9250.14%
653M CO COMMMM5,474$9170.14%
66WALMART INC COMWMT8,818$9030.14%
67ADVANCED MICRO DEVICES INC COMAMD3,516$8570.13%
68NETFLIX INC COMNFLX756$8460.13%
69EMERSON ELEC CO COMEMR6,471$8410.13%
70CHEVRON CORP NEW COMCVX5,378$8370.13%
71HOME DEPOT INC COMHD2,242$8300.13%
72INTERNATIONAL BUSINESS MACHS COMINTR2,622$8100.12%
73CISCO SYS INC COMCSCO11,175$8050.12%
74INTERNATIONAL BUSINESS MACHS COMINTR2,480$7660.12%
75MCDONALDS CORP COMMCD2,536$7580.12%
76ZACKS FOCUS GROWTH ETF98888G80824,850$7550.12%
77NEXTERA ENERGY INC COMNEE-PW8,790$7450.11%
78ALPHABET INC CAP STK CL CGOOG2,506$7280.11%
79AUTOMATIC DATA PROCESSING INC COMADP2,791$7090.11%
80ABBOTT LABS COMABLZF5,520$6940.11%
81TESLA INC COMTSLA1,523$6780.10%
82TESLA INC COMTSLA1,504$6690.10%
83EXXON MOBIL CORP COMXOM5,531$6530.10%
84JPMORGAN INCOME ETF46641Q15913,350$6170.09%
85CHEVRON CORP NEW COMCVX3,928$6110.09%
86ISHARES RUSSELL 1000 GROWTH ETF4642876141,253$6030.09%
87ISHARES CORE MSCI EMERGING MARKETS ETF46434G1038,771$6000.09%
88VANGUARD TOTAL STOCK MARKET ETF9229087691,719$5750.09%
89PACCAR INC COMPCAR5,792$5730.09%
90VISA INC COM CL AV1,702$5700.09%
91COCA COLA CO COMKO7,989$5630.09%
92VANGUARD S&P 500 ETF922908363890$5570.09%
93COSTCO WHSL CORP NEW COM22160K105604$5520.08%
94JPMORGAN ACTIVEBUILDERS EMERGING MARKETS EQUITY ETF46641Q26610,951$5470.08%
95FISERV INC COMFISV8,570$5460.08%
96DIMENSIONAL INTERNATIONAL SUSTAINABILITY CORE 1 ETF25434V69013,000$5390.08%
97WELLS FARGO CO NEW COM9497461016,181$5320.08%
98ISHARES CORE S&P 500 ETF464287200766$5240.08%
99STATE STREET SPDR PORTFOLIO S&P 500 ETF78464A8546,357$5090.08%
100BROADCOM INC COMAVGO1,319$4720.07%
101BERKSHIRE HATHAWAY INC DEL CL B NEWBRK-A934$4640.07%
102VANGUARD TOTAL BOND MARKET ETF9219378355,990$4450.07%
103ISHARES 1020 YEAR TREASURY BOND ETF4642886534,296$4420.07%
104DIMENSIONAL GLOBAL SUSTAINABILITY FIXED INCOME ETF25434V6747,997$4230.06%
105SALESFORCE INC COMCRM1,710$4130.06%
106CARDINAL HEALTH INC COMCAH2,000$4110.06%
107INVESCO QQQ TRUST SERIES IIVZ658$4100.06%
108CINTAS CORP COMCTAS2,184$4040.06%
109ARISTA NETWORKS INC COM SHSANET2,919$4000.06%
110LOCKHEED MARTIN CORP COMLMT877$3960.06%
111VANGUARD MIDCAP ETF9229086291,352$3930.06%
112CITIGROUP INC COM NEWC-PR3,873$3930.06%
113GE AEROSPACE COM NEW3696043011,253$3910.06%
114MARVELL TECHNOLOGY INC COMMRVL4,196$3910.06%
115QUALCOMM INC COMQCOM2,145$3680.06%
116EMCOR GROUP INC COMEME553$3620.06%
117MICROSOFT CORP COMMSFT712$3600.06%
118VANGUARD TAXEXEMPT BOND ETF9229077467,076$3560.05%
119PNC FINL SVCS GROUP INC COM6934751051,910$3530.05%
120HARTFORD INSURANCE GROUP INC COMHIG-PG2,693$3520.05%
121ALTRIA GROUP INC COMMO6,131$3520.05%
122GILEAD SCIENCES INC COMGILD2,955$3490.05%
123LAM RESEARCH CORP COM NEWLRCX2,080$3460.05%
124VERIZON COMMUNICATIONS INC COMVZ8,476$3370.05%
125JPMORGAN INTERNATIONAL GROWTH ETF46641Q3244,389$3340.05%
126TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS8740391001,130$3330.05%
127CELESTICA INC COMCLS958$3300.05%
128ORACLE CORP COMORCL-PD1,335$3210.05%
129INVESCO QQQ TRUST SERIES IIVZ515$3200.05%
130CAPITAL GROUP MUNICIPAL HIGHINCOME ETF14020Y80512,512$3190.05%
131VANGUARD DIVIDEND APPRECIATION ETF9219088441,471$3190.05%
132SOUTHERN CO COMSOMN3,509$3180.05%
133SCHWAB CHARLES CORP COMSCHW-PJ3,248$3100.05%
134RTX CORPORATION COMRTX1,721$3080.05%
135DELL TECHNOLOGIES INC CL CDELL2,154$3070.05%
136MCKESSON CORP COMMCK356$3050.05%
137SHOPIFY INC CL A SUB VTG SHSSHOP1,916$3040.05%
138MASTERCARD INCORPORATED CL AMA540$2980.05%
139AMGEN INC COMAMGN914$2950.05%
140PEPSICO INC COMPEP2,069$2950.05%
141AMPHENOL CORP NEW CL A0320951012,046$2940.05%
142PHILIP MORRIS INTL INC COM7181721091,887$2920.04%
143JPMORGAN BETABUILDERS USD HIGH YIELD CORPORATE BOND ETF46641Q8786,278$2920.04%
144NORFOLK SOUTHN CORP COM6558441081,007$2890.04%
145US BANCORP DEL COM NEWUSB-PS6,012$2860.04%
146STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF78464A4092,628$2830.04%
147SCHWAB U.S. LARGECAP GROWTH ETF8085243008,408$2780.04%
148MASTERCARD INCORPORATED CL AMA503$2780.04%
149CAPITAL GROUP INTERNATIONAL EQUITY ETF14021M1077,939$2730.04%
150KINDER MORGAN INC DEL COMEP-PC10,004$2700.04%
151METLIFE INC COMMET-PF3,466$2670.04%
152AMERICAN ELEC PWR CO INC COM0255371012,139$2620.04%
153PARKERHANNIFIN CORP COMPH312$2620.04%
154BLACKROCK INC COMBLK237$2560.04%
155NUCOR CORP COMNUE1,777$2530.04%
156WELLS FARGO CO NEW COM9497461012,950$2530.04%
157MOODYS CORP COMMCO516$2500.04%
158TE CONNECTIVITY PLC ORD SHSTEL1,010$2500.04%
159CHUBB LIMITED COMCB868$2500.04%
160EATON CORP PLC SHSETN653$2470.04%
161GE AEROSPACE COM NEW369604301795$2470.04%
162PALO ALTO NETWORKS INC COMPANW1,111$2400.04%
163NIKE INC CL BNKE3,917$2380.04%
164AFLAC INC COMAFL2,099$2380.04%
165WASTE MGMT INC DEL COM94106L1091,184$2370.04%
166PPL CORP COMPPLC6,401$2350.04%
167SPDR S&P 500 ETF TRUSTSPY341$2320.04%
168NOVARTIS AG SPONSORED ADRNVSEF1,822$2310.04%
169DEERE & CO COMDE486$2300.04%
170AMERICAN EXPRESS CO COMAXP626$2300.04%
171M & T BK CORP COM55261F1041,220$2290.04%
172HOME DEPOT INC COMHD616$2280.03%
173PROCTER AND GAMBLE CO COM7427181091,559$2260.03%
174ISHARES RUSSELL 3000 ETF464287689584$2250.03%
175META PLATFORMS INC CL AMETA356$2250.03%
176TRAVELERS COMPANIES INC COMTRV787$2220.03%
177S&P GLOBAL INC COMSPGI449$2210.03%
178GALLAGHER ARTHUR J & CO COM363576109839$2100.03%
179STATE STREET SPDR ICE PREFERRED SECURITIES ETF78464A2926,501$2100.03%
180APPLIED MATLS INC COM038222105895$2100.03%
181HONEYWELL INTL INC COM4385161061,061$2080.03%
182BANK NEW YORK MELLON CORP COM0640581001,883$2080.03%
183BROADRIDGE FINL SOLUTIONS INC COM11133T103930$2070.03%
184LENNAR CORP CL ALEN-B1,682$2070.03%
185CONOCOPHILLIPS COMCOP2,350$2070.03%
186PULTE GROUP INC COM7458671011,721$2060.03%
187LOWES COS INC COM548661107879$2040.03%
188AT&T INC COMT-PC8,162$2020.03%
189MANULIFE FINL CORP COM56501R1066,044$2010.03%
190FORD MTR CO COM34537086010,766$1410.02%