Institutional Manager · CIK 0002029294

Mills Wealth Advisors LLC

SOUTHLAKE, TX · File #028-24211

Latest AUM

$253.6M

Positions

Top-10 Concentration

69.8%

Filings

Portfolio Value Over Time

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 INSTL INDEX FD	922040845	-69,219	-$5.2M	-$18,059
ADD	VANGUARD MUN BD FDS	922907712	+38,126	+$2.9M	+$95,787
ADD	VANGUARD MALVERN FDS	922020748	+29,226	+$2.3M	-$205,158
REDUCE	ISHARES TR	46436E718	-17,999	-$1.8M	-$9,934
ADD	DIMENSIONAL ETF TRUST	25434V708	+37,244	+$1.5M	+$956,933
EXITED	SPDR SERIES TRUST	78468R523	-13,810	-$1.4M	$0
ADD	SPDR SERIES TRUST	78468R663	+14,924	+$1.4M	-$2,740
REDUCE	J P MORGAN EXCHANGE TRADED	46641Q654	-25,404	-$1.3M	-$9,491
ADD	DIMENSIONAL ETF TRUST	25434V831	+33,638	+$1.3M	+$124,175
ADD	DIMENSIONAL ETF TRUST	25434V799	+32,773	+$1.1M	+$776,992

Sector Allocation

Real Estate

2.1%$5.3M

Technology

0.4%$1.0M

Energy

0.3%$883,887

Consumer Discretionary

0.3%$861,995

Financials

0.1%$399,835

Industrials

0.1%$359,952

Healthcare

0.1%$236,259

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 202570 pos · $253.6M
Oct 10, 202513F HOLDINGS REPORTQ/E Sep 202571 pos · $245.8M
Jul 30, 202513F HOLDINGS REPORTQ/E Jun 202568 pos · $218.1M
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 202563 pos · $188.3M
Feb 5, 202513F HOLDINGS REPORTQ/E Dec 202462 pos · $175.8M
Oct 21, 202413F HOLDINGS REPORTQ/E Sep 202455 pos · $145.3M
Aug 8, 202413F HOLDINGS REPORTQ/E Jun 202453 pos · $139.9M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202447 pos · $131.6M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202451 pos · $110.6M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202454 pos · $136.3M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202445 pos · $124.1M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202449 pos · $124.9M
Jul 3, 202413F HOLDINGS REPORTQ/E Jun 202451 pos · $131.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	DIMENSIONAL ETF TRUST	25434V708	970,963	$38.4M	15.48%
2	VANGUARD MALVERN FDS	922020748	427,507	$33.3M	13.41%
3	VANGUARD MUN BD FDS	922907712	337,461	$25.5M	10.27%
4	DIMENSIONAL ETF TRUST	25434V831	499,923	$19.0M	7.66%
5	DIMENSIONAL ETF TRUST	25434V799	497,943	$17.2M	6.91%
6	DIMENSIONAL ETF TRUST	25434V765	387,374	$12.3M	4.94%
7	DIMENSIONAL ETF TRUST	25434V732	313,769	$10.4M	4.18%
8	VANGUARD MUN BD FDS	922907696	76,701	$5.9M	2.36%
9	DIMENSIONAL ETF TRUST	25434V781	148,849	$5.7M	2.28%
10	DIMENSIONAL ETF TRUST	25434V740	166,743	$5.6M	2.27%
11	DIMENSIONAL ETF TRUST	25434V609	90,726	$5.4M	2.18%
12	ST JOE CO	JOE	89,823	$5.3M	2.15%
13	DIMENSIONAL ETF TRUST	25434V864	107,739	$5.2M	2.08%
14	VANGUARD BD INDEX FDS	921937827	56,563	$4.5M	1.80%
15	DIMENSIONAL ETF TRUST	25434V666	115,275	$3.9M	1.59%
16	WORLD GOLD TR	GLDW	43,029	$3.7M	1.48%
17	J P MORGAN EXCHANGE TRADED	46641Q654	69,474	$3.5M	1.43%
18	J P MORGAN EXCHANGE TRADED	46641Q837	64,873	$3.3M	1.32%
19	DIMENSIONAL ETF TRUST	25434V534	51,435	$3.1M	1.25%
20	J P MORGAN EXCHANGE TRADED	46641Q647	57,725	$2.9M	1.17%