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Mills Wealth Advisors LLC — 13F Holdings & Portfolio

CIK 2029294 · latest 13F-HR filed 2026-07-07

Backtest portfolio

Mills Wealth Advisors LLC manages $317.6M in 13F-reported U.S. long-equity assets across 76 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DFAC (14.95%), VCRB (12.49%), VCRM (10.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 8 new positions and exited 12; 43 existing positions rose in reported value and 15 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
$317.6M

Long-equity book

Holdings
76

Distinct positions

Period
2026-06-30

Filed 2026-07-07

Q/Q Activity
+8 / −12 / ↑43 / ↓15

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
DFAC14.9% · +4%VCRB12.5% · +13%VCRM10.8% · +13%DUHP6.6% · -1%DFIC6.2% · +5%DIHP4.5% · +4%DFSD4.2% · +8%VSDM4.0% · -3%DFEM3.9% · -1%BSV2.6% · +11%DFEV2.6% · +11%DFNM2.5% · +26%DFAT2.2% · +5%DISV2.0% · +3%DFLV1.8% · +18%JOE1.7% · -2%DEXC1.4% · -1%GLDM1.1% · +2%AMLP1.1% · -5%DEHP1.0% · -5%VGSH0.9% · +110%DFAS0.7% · +11%ENFR0.5% · +247%DFSU0.5% · +9%DFAW0.4% · +10%TEI0.4% · -7%GM0.4% · +27%VBIL0.4% · -60%DFIV0.4% · -1%CSRE0.4% · newVSDB0.3% · -16%FBTC0.3% · +12%PAAA0.3% · +166%FPAG0.3% · -15%VGUS0.2% · newPULS0.2% · newWMB0.2% · +41%XOM0.2% · -41%VTI0.2% · -23%DFSI0.2% · +44%SGVT0.2% · newCSNR0.2% · +170%GBTC0.2% · -1%BRK.B0.2% · +52%FRDM0.2% · +7%SUB0.2% · +60%SGOV0.2% · -39%GOOG0.2% · 0%VGVT0.2% · +134%DFCF0.1% · -44%LOW0.1% · -1%MSFT0.1% · +3%QQQM0.1% · +54%VOO0.1% · +9%DFSE0.1% · +7%DFGR0.1% · +8%EMBX0.1% · newSMMU0.1% · newMKL0.1% · -0%LMT0.1% · -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 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 = 70.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 25, 2026.

Assets Under Management
$548.7M
Discretionary
$507.2M
Employees
8
Accounts
1,877
Address
1207 S. WHITE CHAPEL BLVD
SUITE 150
SOUTHLAKE, TX 76092
Phone
(817) 416-7300
Website
Name Title / Status Ownership Type
MILLS, MICHAEL, ALAN ControlPRESIDENT/CHIEF COMPLIANCE OFFICER
since Apr 2003
75% or moreIndividual
NELSON, STEPHEN, BROOKSPARTNER, SHAREHOLDER
since Jan 2022
5–10%Individual
Ownership & leadership changes · 1 filing with changes since Mar 22, 2017

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 3, 2022 filing
  • AddedNELSON, STEPHEN, BROOKS · PARTNER, SHAREHOLDER · 5–10%
Mar 22, 2017 filing (earliest on record)
  • ListedMILLS, MICHAEL, ALAN · PRESIDENT/CHIEF COMPLIANCE OFFICER · 75% or more · 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.

Mills 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 DFAC 25434V708 $47.5M 14.95% 1,070,062 SH
2 VANGUARD MALVERN FDS VCRB 922020748 $39.7M 12.49% 513,604 SH
3 VANGUARD MUN BD FDS VCRM 922907712 $34.4M 10.85% 450,834 SH
4 DIMENSIONAL ETF TRUST DUHP 25434V831 $21.0M 6.61% 502,699 SH
5 DIMENSIONAL ETF TRUST DFIC 25434V799 $19.8M 6.24% 531,425 SH
6 DIMENSIONAL ETF TRUST DIHP 25434V765 $14.2M 4.47% 415,841 SH
7 DIMENSIONAL ETF TRUST DFSD 25434V864 $13.3M 4.17% 277,521 SH
8 VANGUARD MUN BD FDS VSDM 922907696 $12.6M 3.98% 164,926 SH
9 DIMENSIONAL ETF TRUST DFEM 25434V732 $12.3M 3.87% 302,690 SH
10 VANGUARD BD INDEX FDS BSV 921937827 $8.4M 2.63% 107,263 SH
11 DIMENSIONAL ETF TRUST DFEV 25434V740 $8.3M 2.63% 195,432 SH
12 DIMENSIONAL ETF TRUST DFNM 25434V849 $7.9M 2.50% 164,031 SH
13 DIMENSIONAL ETF TRUST DFAT 25434V609 $7.0M 2.22% 100,698 SH
14 DIMENSIONAL ETF TRUST DISV 25434V781 $6.3M 1.99% 157,525 SH
15 DIMENSIONAL ETF TRUST DFLV 25434V666 $5.7M 1.79% 143,822 SH
16 ST JOE CO JOE 790148100 $5.5M 1.73% 87,825 SH
17 DIMENSIONAL ETF TRUST DEXC 25434V534 $4.6M 1.45% 55,643 SH
18 WORLD GOLD TR GLDM 98149E303 $3.6M 1.12% 44,793 SH
19 ALPS ETF TR AMLP 00162Q452 $3.4M 1.07% 65,810 SH
20 DIMENSIONAL ETF TRUST DEHP 25434V757 $3.3M 1.04% 77,046 SH
21 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $3.0M 0.94% 51,302 SH
22 DIMENSIONAL ETF TRUST DFAS 25434V500 $2.3M 0.73% 28,331 SH
23 ALPS ETF TR ENFR 00162Q676 $1.6M 0.51% 42,428 SH
24 DIMENSIONAL ETF TRUST DFSU 25434V716 $1.6M 0.50% 33,829 SH
25 DIMENSIONAL ETF TRUST DFAW 25434V617 $1.4M 0.45% 17,095 SH
26 TEMPLETON EMERGING MKTS INCO TEI 880192109 $1.3M 0.40% 189,422 SH
27 GENERAL MTRS CO GM 37045V100 $1.3M 0.40% 16,478 SH
28 VANGUARD INSTL INDEX FD VBIL 922040845 $1.2M 0.38% 16,058 SH
29 DIMENSIONAL ETF TRUST DFIV 25434V807 $1.2M 0.38% 22,455 SH
30 COHEN & STEERS ETF TRUST CSRE 19249U104 $1.1M 0.36% 40,366 SH
31 VANGUARD MALVERN FDS VSDB 922020730 $1.1M 0.35% 14,509 SH
32 FIDELITY WISE ORIGIN BITCOIN FBTC 315948109 $1.1M 0.34% 21,033 SH
33 PGIM ETF TR PAAA 69344A834 $905.7K 0.29% 17,666 SH
34 INVESTMENT MANAGERS SER TR I FPAG 30254T577 $846.4K 0.27% 21,084 SH
35 VANGUARD INSTL INDEX FD VGUS 922040852 $779.9K 0.25% 10,308 SH
36 PGIM ETF TR PULS 69344A107 $774.2K 0.24% 15,625 SH
37 WILLIAMS COS INC WMB 969457100 $769.5K 0.24% 10,351 SH
38 EXXON MOBIL CORP XOM 30231G102 $723.9K 0.23% 5,295 SH
39 VANGUARD INDEX FDS VTI 922908769 $695.4K 0.22% 1,879 SH
40 DIMENSIONAL ETF TRUST DFSI 25434V690 $684.3K 0.22% 15,173 SH
41 SCHWAB STRATEGIC TR SGVT 808524581 $680.3K 0.21% 6,753 SH
42 COHEN & STEERS ETF TRUST CSNR 19249U302 $653.0K 0.21% 19,553 SH
43 GRAYSCALE BITCOIN TRUST ETF GBTC 389637109 $638.1K 0.20% 14,018 SH
44 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $637.5K 0.20% 1,274 SH
45 EA SERIES TRUST FRDM 02072L607 $630.5K 0.20% 8,648 SH
46 ISHARES TR SUB 464288158 $623.1K 0.20% 5,852 SH
47 ISHARES TR SGOV 46436E718 $605.1K 0.19% 6,011 SH
48 ALPHABET INC GOOG 02079K107 $552.7K 0.17% 1,564 SH
49 VANGUARD MALVERN FDS VGVT 922020714 $486.9K 0.15% 6,469 SH
50 DIMENSIONAL ETF TRUST DFCF 25434V872 $466.7K 0.15% 11,057 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-07 $317.6M 76 0001214659-26-008278
2026-03-31 2026-04-24 $286.3M 80 0001214659-26-005040
2025-12-31 2026-01-27 $253.6M 70 0001214659-26-000870
Filer Information
Address
1207 S WHITE CHAPEL #150
SOUTHLAKE, TX 76092
Phone
(817) 416-7300
Filing Manager
Mills Wealth Advisors LLC
SOUTHLAKE, TX
Signatory
Michael Mills
Owner