Institutional Manager · CIK 0001967227

Financial Alternatives, Inc

LA JOLLA, CA · File #028-23157

Latest AUM

$172.0M

Positions

Top-10 Concentration

66.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	VANGUARD WHITEHALL FDS	921946885	+14,934	+$1.0M	+$109,233
ADD	SEMPRA	SREA	+10,739	+$948,147	-$9,231
ADD	DIMENSIONAL ETF TRUST	25434V203	+21,058	+$802,520	+$839,717
REDUCE	APPLE INC	AAPL	-2,090	-$568,199	+$238,839
ADD	DIMENSIONAL ETF TRUST	25434V708	+13,623	+$539,334	+$639,478
ADD	J P MORGAN EXCHANGE TRADED F	46641Q332	+7,320	+$418,997	+$17,067
ADD	VANGUARD INDEX FDS	922908553	+4,069	+$360,067	-$181,241
ADD	VANGUARD INTL EQUITY INDEX F	922042676	+7,285	+$333,944	-$174,604
NEW	ISHARES TR	464287598	+1,436	+$302,049	$0
REDUCE	ALPHABET INC	GOOG	-787	-$246,961	+$104,673

Sector Allocation

Technology

2.7%$4.7M

Financials

2.2%$3.7M

Consumer Discretionary

2.1%$3.7M

Industrials

1.0%$1.8M

Energy

0.7%$1.2M

Filing History

Feb 4, 202613F HOLDINGS REPORTQ/E Dec 202587 pos · $172.0M
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 202586 pos · $165.1M
Aug 6, 202513F HOLDINGS REPORTQ/E Jun 202586 pos · $153.6M
May 2, 202513F HOLDINGS REPORTQ/E Mar 202581 pos · $140.3M
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 202481 pos · $141.8M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 202485 pos · $142.1M
Aug 8, 202413F HOLDINGS REPORTQ/E Jun 202482 pos · $133.1M
May 10, 202413F HOLDINGS REPORTQ/E Mar 202482 pos · $129.3M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 202378 pos · $108.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	DIMENSIONAL ETF TRUST	25434V708	640,550	$25.4M	15.74%
2	DIMENSIONAL ETF TRUST	25434V203	498,169	$19.0M	11.78%
3	VANGUARD WHITEHALL FDS	921946885	220,994	$14.9M	9.25%
4	VANGUARD INDEX FDS	922908769	34,837	$11.7M	7.25%
5	DIMENSIONAL ETF TRUST	25434V302	247,232	$8.1M	5.00%
6	J P MORGAN EXCHANGE TRADED F	46641Q332	129,232	$7.4M	4.59%
7	VANGUARD INDEX FDS	922908553	65,930	$5.8M	3.62%
8	ISHARES GOLD TR	IAU	67,929	$5.5M	3.42%
9	ISHARES TR	464288281	57,214	$5.5M	3.42%
10	VANGUARD INTL EQUITY INDEX F	922042676	99,170	$4.5M	2.82%
11	VANGUARD INDEX FDS	922908736	8,281	$4.0M	2.51%
12	DIMENSIONAL ETF TRUST	25434V104	68,785	$3.2M	2.00%
13	APPLE INC	AAPL	11,768	$3.2M	1.99%
14	VANGUARD INDEX FDS	922908637	9,723	$3.1M	1.90%
15	ISHARES TR	464288513	37,328	$3.0M	1.87%
16	DIMENSIONAL ETF TRUST	25434V799	64,558	$2.2M	1.38%
17	HOME DEPOT INC	HD	5,942	$2.0M	1.27%
18	VANGUARD SCOTTSDALE FDS	92206C680	15,579	$1.9M	1.18%
19	DIMENSIONAL ETF TRUST	25434V732	56,527	$1.9M	1.16%
20	EATON VANCE RISK-MANAGED DIV	ETN	189,491	$1.7M	1.04%