EXENCIAL WEALTH ADVISORS, LLC — 13F Holdings & Portfolio
CIK 1576151 · latest 13F-HR filed 2026-04-28
EXENCIAL WEALTH ADVISORS, LLC manages $3.22B in 13F-reported U.S. long-equity assets across 568 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AAPL (3.55%), DFSV (3.05%), RSP (2.48%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 60 new positions and exited 37; 177 existing positions rose in reported value and 152 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$3.22B
Long-equity book
Holdings
568
Distinct positions
Period
2026-03-31
Filed 2026-04-28
Q/Q Activity
+60 / −37 / ↑177 / ↓152
vs 2025-12-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q1 26AAPL3.6% · +2%DFSV3.0% · +35%RSP2.5% · +17%MSFT2.3% · -1%VTV2.1% · -1%SCHM1.9% · +24%GOOG1.9% · -5%NVDA1.9% · +16%DFIV1.8% · +19%VBR1.7% · -3%SGOV1.7% · -7%AMZN1.7% · +6%VUG1.5% · +10%DFLV1.5% · +40%DISV1.4% · +34%AVGO1.2% · +8%IEMG1.2% · +5%BRK.B1.2% · -16%DUHP1.2% · +24%IJS1.0% · -1%VCSH1.0% · +2%IVV1.0% · -5%VEA1.0% · +8%VOO0.9% · +13%DFEV0.9% · +23%META0.9% · -6%FNDF0.9% · -5%EFV0.9% · -2%FNDC0.8% · -3%DIHP0.8% · +38%ETN0.7% · +27%DFAT0.7% · -2%ICE0.7% · +14%SCHD0.7% · -5%VYM0.7% · -0%CNQ0.7% · -3%TSM0.6% · -3%VBK0.6% · -0%VO0.6% · -1%LHX0.6% · -21%VCIT0.6% · +4%MGC0.6% · -3%VWO0.6% · 0%GOOGL0.6% · -5%STIP0.6% · +2%GLD0.6% · -27%HON0.6% · -1%PDBC0.6% · -0%JPM0.6% · +94%TMO0.5% · -5%ASML0.5% · -1%IEFA0.5% · -2%MA0.5% · -27%NVS0.5% · +14%CGGR0.5% · +1%TLT0.5% · +0%LLY0.5% · -2%V0.5% · -25%CSCO0.5% · -3%MLM0.5% · -4%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q4 25 → Q1 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
2 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 22.7%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 26, 2026.
Assets Under Management
$5.98B
Discretionary
$5.62B
Employees
116
Accounts
9,535
Address
9108 N. KELLEY AVENUE
OKLAHOMA CITY, OK 73131
OKLAHOMA CITY, OK 73131
Phone
(405) 478-1971
This firm reports 1 disclosure item on its registration.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BURNS WEALTH MANAGEMENT, INC. Control | MEMBER since Apr 2014 | 50–75% | Domestic Entity |
| BURNS, JOHN, FORREST Control | CHIEF EXECUTIVE OFFICER AND ELECTED MANAGER since Jan 2018 | Less than 5% | Individual |
| Berney, Alexander, Chance Control | CHIEF COMPLIANCE OFFICER, CHIEF OPERATIONS OFFICER since Mar 2025 | Less than 5% | Individual |
| COURTNEY, TIMOTHY, MICHAEL Control | CHIEF INVESTMENT OFFICER & MEMBER since Jan 2015 | Less than 5% | Individual |
| DILLARD, CALEB, JOHN Control | PRESIDENT, CHIEF FINANCIAL OFFICER, MEMBER, & ELECTED MANAGER since Jun 2022 | Less than 5% | Individual |
| FIRST UNITED BANK AND TRUST COMPANY Control | MEMBER since Jun 2022 | 10–25% | Domestic Entity |
| MASSEY, GREG Control | ELECTED MANAGER since Nov 2022 | Less than 5% | Individual |
| SIMON, NEAL, JERRY Control | ELECTED MANAGER since Jun 2022 | Less than 5% | Individual |
| BURNS, JOHN, FORREST Control Indirect owner via BURNS WEALTH MANAGEMENT, INC. | SHAREHOLDER since Nov 2002 | 75% or more | Individual |
| HARBER, LACY Control Indirect owner via FIRST UNITED BANK AND TRUST COMPANY | OWNER since Nov 2016 | 25–50% | Individual |
| MASSEY, GREG Control Indirect owner via FIRST UNITED BANK AND TRUST COMPANY | OWNER & CHIEF EXECUTIVE OFFICER since Feb 1998 | 50–75% | Individual |
Ownership & leadership changes · 13 filings with changes since Nov 21, 2011
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 26, 2026 filing
- ChangedBerney, Alexander, Chance · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF OPERATIONS OFFICER
- ChangedDILLARD, CALEB, JOHN · title CHIEF OPERATIONS OFFICER, MEMBER, & ELECTED MANAGER → PRESIDENT, CHIEF FINANCIAL OFFICER, MEMBER, & ELECTED MANAGER
- ChangedFIRST UNITED BANK AND TRUST COMPANY · ownership 25–50% → 10–25%
Mar 25, 2025 filing
- No longer listedNorthup, Derek, S · CHIEF FINANCIAL OFFICER & MEMBER · Less than 5% · control person · listed since Jan 2018
- AddedBerney, Alexander, Chance · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedDILLARD, CALEB, JOHN · title CHIEF OPERATIONS OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER, & ELECTED MANAGER → CHIEF OPERATIONS OFFICER, MEMBER, & ELECTED MANAGER
Mar 28, 2024 filing
- No longer listedBESIKOF, SHAD, HARRY · ELECTED MANAGER · Less than 5% · control person · listed since Jun 2022
Mar 31, 2023 filing
- No longer listedDawson, Mark, James · ELECTED MANAGER · Less than 5% · control person · listed since Jun 2022
- AddedMASSEY, GREG · ELECTED MANAGER · Less than 5% · control person
Sep 6, 2022 filing
- No longer listedWELKE, MARSHALL, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2019
- AddedBESIKOF, SHAD, HARRY · ELECTED MANAGER · Less than 5% · control person
- AddedDawson, Mark, James · ELECTED MANAGER · Less than 5% · control person
- AddedSIMON, NEAL, JERRY · ELECTED MANAGER · Less than 5% · control person
- ChangedDILLARD, CALEB, JOHN · title CHIEF OPERATIONS OFFICER & MEMBER → CHIEF OPERATIONS OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER, & ELECTED MANAGER
- ChangedFIRST UNITED BANK AND TRUST COMPANY · ownership 10–25% → 25–50%; now a control person
Mar 31, 2022 filing
- ChangedWELKE, MARSHALL, JAMES · title CHIEF COMPLIANCE OFFICER & DIRECTOR OF OPERATIONS → CHIEF COMPLIANCE OFFICER
Aug 17, 2021 filing
- AddedHARBER, LACY · OWNER · 25–50% · indirect via FIRST UNITED BANK AND TRUST COMPANY · control person
- AddedMASSEY, GREG · OWNER & CHIEF EXECUTIVE OFFICER · 50–75% · indirect via FIRST UNITED BANK AND TRUST COMPANY · control person
Jul 30, 2021 filing
- AddedFIRST UNITED BANK AND TRUST COMPANY · MEMBER · 10–25%
- ChangedBURNS WEALTH MANAGEMENT, INC. · ownership 75% or more → 50–75%
- ChangedCOURTNEY, TIMOTHY, MICHAEL · title CHIEF INVESTMENT OFFICER → CHIEF INVESTMENT OFFICER & MEMBER
- ChangedDILLARD, CALEB, JOHN · title CHIEF OPERATIONS OFFICER → CHIEF OPERATIONS OFFICER & MEMBER
- ChangedNorthup, Derek, S · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER & MEMBER
Sep 26, 2019 filing
- AddedNorthup, Derek, S · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- AddedWELKE, MARSHALL, JAMES · CHIEF COMPLIANCE OFFICER & DIRECTOR OF OPERATIONS · Less than 5% · control person
- ChangedCOURTNEY, TIMOTHY, MICHAEL · now a control person
- ChangedDILLARD, CALEB, JOHN · title CHIEF COMPLIANCE OFFICER / CHIEF OPERATIONS OFFICER → CHIEF OPERATIONS OFFICER
Mar 29, 2018 filing
- No longer listedGEORGOPOULOS, JERRY, PETER · SHAREHOLDER · 50–75% · indirect via BURNS WEALTH MANAGEMENT, INC. · control person · listed since Mar 2015
- ChangedBURNS, JOHN, FORREST · indirect via BURNS WEALTH MANAGEMENT, INC.: ownership 50–75% → 75% or more
Older changes (4 more filings)
Aug 14, 2017 filing
- No longer listedGEORGOPOULOS, JERRY, PETER · MEMBER AND CO-CEO · 50–75% · control person · listed since Sep 2011
- No longer listedPARDUHN, JOY, L · CHIEF COMPLIANCE OFFICER / CHIEF OPERATIONS OFFICER · Less than 5% · control person · listed since Feb 2008
- No longer listedSCARVER, MICHELLE, RENAE · PRINCIPAL · Less than 5% · listed since Apr 2016
- AddedBURNS WEALTH MANAGEMENT, INC. · MEMBER · 75% or more · control person
- AddedBURNS, JOHN, FORREST · SHAREHOLDER · 50–75% · indirect via BURNS WEALTH MANAGEMENT, INC. · control person
- AddedCOURTNEY, TIMOTHY, MICHAEL · CHIEF INVESTMENT OFFICER · Less than 5%
- AddedDILLARD, CALEB, JOHN · CHIEF COMPLIANCE OFFICER / CHIEF OPERATIONS OFFICER · Less than 5% · control person
- AddedGEORGOPOULOS, JERRY, PETER · SHAREHOLDER · 50–75% · indirect via BURNS WEALTH MANAGEMENT, INC. · control person
- ChangedBURNS, JOHN, FORREST · title MEMBER AND CO-CEO → CHIEF EXECUTIVE OFFICER AND ELECTED MANAGER; ownership 50–75% → Less than 5%
May 16, 2016 filing
- AddedSCARVER, MICHELLE, RENAE · PRINCIPAL · Less than 5%
Jun 12, 2015 filing
- ChangedBURNS, JOHN, FORREST · title CO-OWNER/CO-CEO → MEMBER AND CO-CEO
- ChangedGEORGOPOULOS, JERRY, PETER · title CO-OWNER/CO-CEO → MEMBER AND CO-CEO
Nov 21, 2011 filing (earliest on record)
- ListedBURNS, JOHN, FORREST · CO-OWNER/CO-CEO · 50–75% · control person
- ListedGEORGOPOULOS, JERRY, PETER · CO-OWNER/CO-CEO · 50–75% · control person
- ListedPARDUHN, JOY, L · CHIEF COMPLIANCE OFFICER / CHIEF OPERATIONS OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- DIMENSIONAL ETF TRUST$30.1M +44.2%
- DIMENSIONAL ETF TRUST$15.0M +46.4%
- SCHWAB STRATEGIC TR$13.4M +27.5%
- DIMENSIONAL ETF TRUST$12.9M +38.8%
- DIMENSIONAL ETF TRUST$11.9M +26.2%
Top Trims
- MICROSOFT CORP-$24.0M -24.2%
- MEDTRONIC PLC-$12.7M -94.5%
- BERKSHIRE HATHAWAY INC DEL-$9.3M -19.8%
- MASTERCARD INCORPORATED-$9.3M -35.8%
- ALPHABET INC-$9.1M -13.2%
New Positions
- EQT CORP$5.6M
- ASTRAZENECA PLC$4.0M
- ISHARES TR$2.5M
- SONY GROUP CORP$1.4M
- SUNBELT RENTALS HOLDINGS INC$1.3M
Exited Positions
- CDW CORP$7.9M
- ASTRAZENECA PLC$3.4M
- DIAGEO PLC$3.1M
- ICON PLC$2.7M
- EXACT SCIENCES CORP$1.4M
EXENCIAL WEALTH ADVISORS, LLC Holdings (2026-03-31)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 037833100 | $114.3M | 3.55% | 450,327 | SH |
| 2 | DIMENSIONAL ETF TRUST | DFSV | 25434V815 | $98.0M | 3.05% | 2,797,372 | SH |
| 3 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $79.7M | 2.48% | 415,109 | SH |
| 4 | MICROSOFT CORP | MSFT | 594918104 | $75.4M | 2.34% | 203,640 | SH |
| 5 | VANGUARD INDEX FDS | VTV | 922908744 | $67.4M | 2.10% | 343,665 | SH |
| 6 | SCHWAB STRATEGIC TR | SCHM | 808524508 | $62.3M | 1.94% | 2,011,027 | SH |
| 7 | ALPHABET INC | GOOG | 02079K107 | $60.2M | 1.87% | 209,963 | SH |
| 8 | DIMENSIONAL ETF TRUST | DFIV | 25434V807 | $57.3M | 1.78% | 1,084,979 | SH |
| 9 | VANGUARD INDEX FDS | VBR | 922908611 | $55.5M | 1.72% | 255,432 | SH |
| 10 | ISHARES TR | SGOV | 46436E718 | $54.6M | 1.70% | 542,889 | SH |
| 11 | NVIDIA CORPORATION | NVDA | 67066G104 | $54.4M | 1.69% | 311,654 | SH |
| 12 | AMAZON COM INC | AMZN | 023135106 | $54.2M | 1.68% | 260,019 | SH |
| 13 | VANGUARD INDEX FDS | VUG | 922908736 | $48.6M | 1.51% | 111,378 | SH |
| 14 | DIMENSIONAL ETF TRUST | DFLV | 25434V666 | $47.4M | 1.47% | 1,326,979 | SH |
| 15 | DIMENSIONAL ETF TRUST | DISV | 25434V781 | $46.2M | 1.44% | 1,171,519 | SH |
| 16 | BROADCOM INC | AVGO | 11135F101 | $39.7M | 1.23% | 128,199 | SH |
| 17 | ISHARES INC | IEMG | 46434G103 | $38.1M | 1.18% | 545,669 | SH |
| 18 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $37.3M | 1.16% | 77,885 | SH |
| 19 | DIMENSIONAL ETF TRUST | DUHP | 25434V831 | $37.3M | 1.16% | 1,014,748 | SH |
| 20 | ISHARES TR | IJS | 464287879 | $33.1M | 1.03% | 279,650 | SH |
| 21 | VANGUARD SCOTTSDALE FDS | VCSH | 92206C409 | $32.7M | 1.02% | 412,032 | SH |
| 22 | ISHARES TR | IVV | 464287200 | $32.3M | 1.00% | 49,402 | SH |
| 23 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $30.9M | 0.96% | 482,654 | SH |
| 24 | VANGUARD INDEX FDS | VOO | 922908363 | $30.3M | 0.94% | 50,775 | SH |
| 25 | DIMENSIONAL ETF TRUST | DFEV | 25434V740 | $29.8M | 0.93% | 832,153 | SH |
| 26 | META PLATFORMS INC | META | 30303M102 | $28.6M | 0.89% | 49,970 | SH |
| 27 | SCHWAB STRATEGIC TR | FNDF | 808524755 | $28.4M | 0.88% | 580,582 | SH |
| 28 | ISHARES TR | EFV | 464288877 | $27.6M | 0.86% | 371,785 | SH |
| 29 | SCHWAB STRATEGIC TR | FNDC | 808524748 | $25.8M | 0.80% | 556,861 | SH |
| 30 | DIMENSIONAL ETF TRUST | DIHP | 25434V765 | $25.6M | 0.80% | 795,467 | SH |
| 31 | EATON CORP PLC | ETN | G29183103 | $23.7M | 0.74% | 66,373 | SH |
| 32 | DIMENSIONAL ETF TRUST | DFAT | 25434V609 | $23.5M | 0.73% | 375,683 | SH |
| 33 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $23.1M | 0.72% | 147,023 | SH |
| 34 | SCHWAB STRATEGIC TR | SCHD | 808524797 | $22.0M | 0.68% | 717,624 | SH |
| 35 | VANGUARD WHITEHALL FDS | VYM | 921946406 | $21.5M | 0.67% | 145,060 | SH |
| 36 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $21.2M | 0.66% | 435,730 | SH |
| 37 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $20.9M | 0.65% | 61,778 | SH |
| 38 | VANGUARD INDEX FDS | VBK | 922908595 | $20.9M | 0.65% | 69,015 | SH |
| 39 | VANGUARD INDEX FDS | VO | 922908629 | $20.3M | 0.63% | 70,554 | SH |
| 40 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $19.4M | 0.60% | 56,235 | SH |
| 41 | VANGUARD SCOTTSDALE FDS | VCIT | 92206C870 | $19.2M | 0.60% | 232,087 | SH |
| 42 | VANGUARD WORLD FD | MGC | 921910873 | $19.1M | 0.59% | 80,666 | SH |
| 43 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $18.8M | 0.59% | 348,322 | SH |
| 44 | ALPHABET INC | GOOGL | 02079K305 | $18.8M | 0.58% | 65,209 | SH |
| 45 | ISHARES TR | STIP | 46429B747 | $18.7M | 0.58% | 181,263 | SH |
| 46 | SPDR GOLD TR | GLD | 78463V107 | $18.6M | 0.58% | 43,224 | SH |
| 47 | HONEYWELL INTL INC | HON | 438516106 | $18.1M | 0.56% | 80,255 | SH |
| 48 | INVESCO ACTVELY MNGD ETC FD | PDBC | 46090F100 | $17.9M | 0.56% | 1,034,133 | SH |
| 49 | JPMORGAN CHASE & CO | JPM | 46625H100 | $17.9M | 0.56% | 60,711 | SH |
| 50 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $17.4M | 0.54% | 35,361 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-28 | $3.22B | 568 | 0001576151-26-000006 |
| 2025-12-31 | 2026-01-30 | $3.17B | 548 | 0001576151-26-000003 |