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Trellis Wealth Advisors LLC — 13F Holdings & Portfolio

CIK 1989031 · latest 13F-HR filed 2026-07-15

Backtest portfolio

Trellis Wealth Advisors LLC manages $291.3M in 13F-reported U.S. long-equity assets across 49 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DFAX (20.19%), DFAC (14.83%), VTI (10.75%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 2; 33 existing positions rose in reported value and 2 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
$291.3M

Long-equity book

Holdings
49

Distinct positions

Period
2026-06-30

Filed 2026-07-15

Q/Q Activity
+4 / −2 / ↑33 / ↓2

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
DFAX20.2% · -2%DFAC14.8% · -1%VTI10.8% · -0%AVUS9.0% · -0%BSV7.7% · +7%AVDE7.7% · +1%BND5.1% · +4%EBI3.7% · -0%VXUS3.4% · -1%VCSH3.3% · +18%AVEM2.7% · +0%AMZN1.7% · 0%AVSU1.0% · 0%VOO0.7% · 0%AVSD0.7% · +0%DFSU0.6% · -0%DFSI0.6% · +0%VT0.6% · +0%VCRB0.5% · +5%BNDX0.4% · 0%SCHX0.3% · 0%MSFT0.3% · 0%AAPL0.3% · 0%NVDA0.2% · +0%AVSE0.2% · 0%NBIS0.2% · -35%PEP0.2% · 0%DFSE0.2% · +0%SCHA0.2% · 0%VEA0.2% · 0%VTWO0.2% · 0%BRK.B0.2% · 0%VTEB0.2% · +4%JPLD0.2% · newVYM0.2% · +1%PLTR0.2% · 0%AVUV0.2% · +0%GOOG0.2% · 0%GOOGL0.1% · 0%PG0.1% · 0%YUM0.1% · 0%VTES0.1% · 0%IEMG0.1% · 0%VO0.1% · +300%AVDV0.1% · +1%VONG0.1% · newIJR0.1% · newTSLA0.1% · newBLND0.0% · 0%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 85.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 13, 2026.

Assets Under Management
$479.8M
Discretionary
$474.9M
Employees
4
Accounts
494
Address
1135 SANTA ROSA STREET
SUITE 310
SAN LUIS OBISPO, CA 93401
Phone
(805) 548-8920
Website
Name Title / Status Ownership Type
MILLER, CARRIE, LYNNE ControlMEMBER
since Jun 2014
10–25%Individual
OKIMOTO FAMILY TRUST DTD 4/6/2011 ControlMEMBER
since Apr 2011
25–50%Domestic Entity
OKIMOTO, KEVIN, JUN ControlFOUNDER (07/2010) & TRUSTEE (04/2011)
since Jul 2010
25–50%Individual
THOMPSON, MARK, GORDON ControlMEMBER & FOUNDER
since Jul 2010
25–50%Individual
WHITCHER, DAVID, SCOTT ControlMEMBER & FOUNDER
since Jul 2010
25–50%Individual
ZIPFEL, KRIST, SUE ControlCHIEF COMPLIANCE OFFICER
since Aug 2023
Less than 5%Individual
Ownership & leadership changes · 2 filings with changes since Jul 9, 2014

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.

Aug 1, 2023 filing
  • AddedZIPFEL, KRIST, SUE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedWHITCHER, DAVID, SCOTT · title MEMBER & FOUNDER / CHIEF COMPLIANCE OFFICER → MEMBER & FOUNDER
Mar 21, 2017 filing
  • AddedOKIMOTO FAMILY TRUST DTD 4/6/2011 · MEMBER · 25–50% · control person
  • ChangedMILLER, CARRIE, LYNNE · title PARTNER → MEMBER
  • ChangedOKIMOTO, KEVIN, JUN · title FOUNDER → FOUNDER (07/2010) & TRUSTEE (04/2011)
  • ChangedTHOMPSON, MARK, GORDON · title FOUNDER → MEMBER & FOUNDER
  • ChangedWHITCHER, DAVID, SCOTT · title FOUNDER / CHIEF COMPLIANCE OFFICER → MEMBER & FOUNDER / CHIEF COMPLIANCE OFFICER
Jul 9, 2014 filing (earliest on record)
  • ListedMILLER, CARRIE, LYNNE · PARTNER · 10–25% · control person
  • ListedOKIMOTO, KEVIN, JUN · FOUNDER · 25–50% · control person
  • ListedTHOMPSON, MARK, GORDON · FOUNDER · 25–50% · control person
  • ListedWHITCHER, DAVID, SCOTT · FOUNDER / CHIEF COMPLIANCE OFFICER · 25–50% · 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)

Show all 33 →

Top Trims

Show all 2 →

New Positions

Show all 4 →

Exited Positions

Show all 2 →

Trellis Wealth Advisors LLC Holdings (2026-06-30)

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 DIMENSIONAL ETF TRUST DFAX 25434V880 $58.8M 20.19% 1,596,426 SH
2 DIMENSIONAL ETF TRUST DFAC 25434V708 $43.2M 14.83% 973,802 SH
3 VANGUARD INDEX FDS VTI 922908769 $31.3M 10.75% 84,658 SH
4 AMERICAN CENTY ETF TR AVUS 025072885 $26.3M 9.04% 205,672 SH
5 VANGUARD BD INDEX FDS BSV 921937827 $22.4M 7.68% 287,328 SH
6 AMERICAN CENTY ETF TR AVDE 025072703 $22.3M 7.66% 250,006 SH
7 VANGUARD BD INDEX FDS BND 921937835 $14.9M 5.11% 202,849 SH
8 RBB FUND TRUST EBI 75526L852 $10.9M 3.73% 167,405 SH
9 VANGUARD STAR FDS VXUS 921909768 $9.9M 3.38% 115,259 SH
10 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $9.6M 3.29% 121,094 SH
11 AMERICAN CENTY ETF TR AVEM 025072604 $7.8M 2.67% 80,537 SH
12 AMAZON COM INC AMZN 023135106 $4.9M 1.70% 20,735 SH
13 AMERICAN CENTY ETF TR AVSU 025072281 $2.8M 0.97% 31,912 SH
14 VANGUARD INDEX FDS VOO 922908363 $2.1M 0.72% 3,058 SH
15 AMERICAN CENTY ETF TR AVSD 025072299 $2.0M 0.68% 24,959 SH
16 DIMENSIONAL ETF TRUST DFSU 25434V716 $1.8M 0.62% 38,980 SH
17 DIMENSIONAL ETF TRUST DFSI 25434V690 $1.8M 0.61% 39,093 SH
18 VANGUARD INTL EQUITY INDEX F VT 922042742 $1.6M 0.56% 10,454 SH
19 VANGUARD MALVERN FDS VCRB 922020748 $1.3M 0.46% 17,329 SH
20 VANGUARD CHARLOTTE FDS BNDX 92203J407 $1.3M 0.43% 25,882 SH
21 SCHWAB STRATEGIC TR SCHX 808524201 $1.0M 0.34% 34,128 SH
22 MICROSOFT CORP MSFT 594918104 $985.8K 0.34% 2,643 SH
23 APPLE INC AAPL 037833100 $783.6K 0.27% 2,708 SH
24 NVIDIA CORPORATION NVDA 67066G104 $706.1K 0.24% 3,529 SH
25 AMERICAN CENTY ETF TR AVSE 025072315 $699.9K 0.24% 8,552 SH
26 NEBIUS GROUP N.V. NBIS N97284108 $659.5K 0.23% 2,388 SH
27 PEPSICO INC PEP 713448108 $652.6K 0.22% 4,820 SH
28 DIMENSIONAL ETF TRUST DFSE 25434V682 $630.0K 0.22% 12,889 SH
29 SCHWAB STRATEGIC TR SCHA 808524607 $629.3K 0.22% 17,416 SH
30 VANGUARD TAX-MANAGED FDS VEA 921943858 $620.9K 0.21% 8,715 SH
31 VANGUARD SCOTTSDALE FDS VTWO 92206C664 $615.7K 0.21% 5,071 SH
32 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $557.9K 0.19% 1,115 SH
33 VANGUARD MUN BD FDS VTEB 922907746 $526.5K 0.18% 10,409 SH
34 J P MORGAN EXCHANGE TRADED F JPLD 46654Q773 $513.6K 0.18% 9,841 SH
35 VANGUARD WHITEHALL FDS VYM 921946406 $511.6K 0.18% 3,238 SH
36 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $495.3K 0.17% 4,245 SH
37 AMERICAN CENTY ETF TR AVUV 025072877 $490.2K 0.17% 3,929 SH
38 ALPHABET INC GOOG 02079K107 $480.6K 0.16% 1,360 SH
39 ALPHABET INC GOOGL 02079K305 $421.7K 0.14% 1,180 SH
40 PROCTER & GAMBLE CO PG 742718109 $341.5K 0.12% 2,329 SH
41 YUM BRANDS INC YUM 988498101 $319.7K 0.11% 2,000 SH
42 VANGUARD WELLINGTON FD VTES 921935870 $302.3K 0.10% 2,984 SH
43 ISHARES INC IEMG 46434G103 $238.2K 0.08% 2,875 SH
44 VANGUARD INDEX FDS VO 922908629 $236.2K 0.08% 2,932 SH
45 AMERICAN CENTY ETF TR AVDV 025072802 $227.8K 0.08% 2,211 SH
46 VANGUARD SCOTTSDALE FDS VONG 92206C680 $226.9K 0.08% 1,775 SH
47 ISHARES TR IJR 464287804 $215.7K 0.07% 1,454 SH
48 TESLA INC TSLA 88160R101 $203.6K 0.07% 484 SH
49 BLEND LABS INC BLND 09352U108 $18.7K 0.01% 10,932 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-15 $291.3M 49 0001172661-26-002620
2026-03-31 2026-04-15 $262.8M 47 0001172661-26-001493
2025-12-31 2026-01-26 $255.7M 44 0001172661-26-000309
Filer Information
Address
1135 SANTA ROSA STREET
SUITE 310
SAN LUIS OBISPO, CA 93401
Phone
(805) 548-8920
Filing Manager
Trellis Wealth Advisors LLC
San Luis Obispo, CA
Signatory
Carrie Miller
Partner