Institutional Manager · CIK 0001968777

25 LLC

ST. LOUIS, MO · File #028-23214

Latest AUM

$315.1M

Positions

Top-10 Concentration

75.3%

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
REDUCE	VANGUARD INTL EQUITY INDEX F	922042718	-125,383	-$18.0M	+$157,521
ADD	DIMENSIONAL ETF TRUST	25434V765	+410,884	+$13.0M	+$11,631
REDUCE	VANGUARD INDEX FDS	922908611	-59,499	-$12.6M	+$592,133
ADD	DIMENSIONAL ETF TRUST	25434V831	+327,975	+$12.5M	+$5,396
ADD	DIMENSIONAL ETF TRUST	25434V849	+138,229	+$6.7M	+$12,235
ADD	DIMENSIONAL ETF TRUST	25434V781	+169,541	+$6.4M	+$33,025
ADD	VANGUARD STAR FDS	921909768	+54,422	+$4.1M	+$1.3M
ADD	VANGUARD INDEX FDS	922908736	+7,814	+$3.8M	+$385,062
ADD	VANGUARD SCOTTSDALE FDS	92206C706	+54,508	+$3.3M	-$32,695
REDUCE	VANGUARD INDEX FDS	922908751	-12,494	-$3.2M	+$193,654

Sector Allocation

Technology

2.8%$8.8M

Consumer Discretionary

0.8%$2.4M

Communication Services

0.3%$940,095

0.3%$862,154

0.3%$812,415

0.1%$497,577

0.1%$224,709

0.1%$210,594

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 202571 pos · $315.1M
Oct 16, 202513F HOLDINGS REPORTQ/E Sep 202567 pos · $293.7M
Jul 21, 202513F HOLDINGS REPORTQ/E Jun 202562 pos · $272.2M
Apr 14, 202513F HOLDINGS REPORTQ/E Mar 202559 pos · $241.7M
Jan 15, 202513F HOLDINGS REPORTQ/E Dec 202458 pos · $236.3M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 202454 pos · $230.4M
Jul 5, 202413F HOLDINGS REPORTQ/E Jun 202454 pos · $210.6M
Apr 25, 202413F HOLDINGS REPORTQ/E Mar 202450 pos · $204.4M
Oct 18, 202313F HOLDINGS REPORTQ/E Dec 202336 pos · $164.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD STAR FDS	921909768	687,400	$51.9M	16.74%
2	VANGUARD SCOTTSDALE FDS	92206C870	355,724	$29.8M	9.62%
3	VANGUARD INDEX FDS	922908611	132,709	$28.1M	9.07%
4	VANGUARD INDEX FDS	922908736	54,499	$26.6M	8.58%
5	VANGUARD INDEX FDS	922908744	136,400	$26.1M	8.41%
6	VANGUARD SCOTTSDALE FDS	92206C706	381,449	$22.9M	7.38%
7	DIMENSIONAL ETF TRUST	25434V765	420,052	$13.3M	4.29%
8	DIMENSIONAL ETF TRUST	25434V831	348,779	$13.3M	4.28%
9	VANGUARD INTL EQUITY INDEX F	922042718	76,652	$11.0M	3.55%
10	VANGUARD INDEX FDS	922908751	40,247	$10.4M	3.35%
11	DIMENSIONAL ETF TRUST	25434V849	202,601	$9.8M	3.15%
12	ISHARES TR	464288414	70,685	$7.6M	2.44%
13	VANGUARD MUN BD FDS	922907746	144,563	$7.3M	2.35%
14	DIMENSIONAL ETF TRUST	25434V781	183,836	$7.0M	2.26%
15	APPLE INC	AAPL	17,838	$4.8M	1.57%
16	VANGUARD INDEX FDS	922908363	7,011	$4.4M	1.42%
17	ALPHABET INC	GOOG	11,145	$3.5M	1.13%
18	DIMENSIONAL ETF TRUST	25434V708	79,670	$3.2M	1.02%
19	DIMENSIONAL ETF TRUST	25434V724	46,314	$2.2M	0.70%
20	NVIDIA CORPORATION	NVDA	9,749	$1.8M	0.59%