BDFS Capital LLC — 13F Holdings & Portfolio

CIK 2112636 · latest 13F-HR filed 2026-10-14

BDFS Capital LLC manages $202.9M in 13F-reported U.S. long-equity assets across 117 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are FTSM (32.68%), SHV (5.72%), BNDX (4.64%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 8; 30 existing positions rose in reported value and 37 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.

AUM

$202.9M

Long-equity book

Holdings

117

Distinct positions

Period

2026-09-30

Filed 2026-10-14

Q/Q Activity

+9 / −8 / ↑30 / ↓37

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26

FTSM32.7% · -3%SHV5.7% · +0%BNDX4.6% · +5%DFSD4.6% · +34%DFIC4.0% · +5%DFLV2.0% · -8%NVDA2.0% · +0%AAPL1.9% · -0%VGSH1.6% · +2%BND1.6% · -1%MSFT1.5% · +5%DFEM1.4% · +10%JHPI1.3% · -8%VTI1.3% · +26%VMBS0.9% · +2%BSV0.9% · +15%META0.9% · -10%AMZN0.8% · -2%NOC0.8% · 0%USFR0.8% · -2%QLTA0.7% · +28%DIHP0.7% · -8%JNJ0.7% · -0%BA0.7% · -1%SPY0.7% · +0%DFVX0.7% · +62%DISV0.6% · +3%GOOG0.6% · +4%IAU0.6% · +57%MPWR0.6% · +4%FCFS0.5% · +4%DEHP0.5% · -7%LRN0.5% · +3%GOOGL0.5% · +2%CRS0.5% · +3%MCK0.5% · +6%C0.5% · +4%AMKR0.5% · +7%ADBE0.4% · +8%APG0.4% · +6%DFUS0.4% · +6%IVV0.4% · +13%AVGO0.4% · -0%ANET0.4% · -3%TSM0.4% · -1%ETN0.4% · -2%VSEC0.4% · +5%VCIT0.4% · +2%PG0.4% · -1%SCHO0.4% · -20%ASML0.3% · -2%DFNM0.3% · -36%COST0.3% · -1%COR0.3% · -1%DFEV0.3% · +13%CL0.3% · -1%ECL0.3% · -2%WMT0.3% · -1%MA0.3% · -1%WM0.3% · -1%

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

Q2 26 → Q3 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

4 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 = 60.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jul 10, 2026.

Assets Under Management

$411.3M

Discretionary

$408.3M

Employees

Accounts

1,743

Address

19409 PLANTATION RD
BLDG. 2 UNIT 1
REHOBOTH BEACH, DE 19971

Phone

(302) 265-2236

Website

WWW.BLACKDIAMONDFS.COM

Name	Title / Status	Ownership	Type
BLACK DIAMOND FINANCIAL SOLUTIONS INC Control	MEMBER since Feb 2010	75% or more	Domestic Entity
PUGLIA, JEFFREY, THOMAS Control	PRESIDENT since Mar 2014	Less than 5%	Individual
NEHRA, MARK, ANTHONY	CHIEF COMPLIANCE OFFICER since Dec 2018	Less than 5%	Individual
PUGLIA, JEFFREY, THOMAS Control Indirect owner via BLACK DIAMOND FINANCIAL SOLUTIONS INC	PRESIDENT since Feb 2010	75% or more	Individual

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$2.1M +29.9%
MICROSOFT CORP$969.2K +44.8%
VANGUARD INDEX FDS$559.4K +27.1%
DIMENSIONAL ETF TRUST$538.3K +64.2%
NVIDIA CORPORATION$518.0K +14.7%

Show all 30 →

Top Trims

ISHARES U S ETF TR-$672.4K -68.7%
ISHARES TR-$627.1K -60.9%
CARPENTER TECHNOLOGY CORP-$529.3K -34.8%
AMKOR TECHNOLOGY INC-$504.5K -35.1%
ISHARES TR-$449.2K -46.2%

Show all 37 →

New Positions

Show all 9 →

Exited Positions

Show all 8 →

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

BDFS Capital LLC Holdings (2026-09-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	FIRST TR EXCHANGE-TRADED FD	FTSM	33739Q408	$66.3M	32.68%	1,110,376	SH
2	ISHARES TR	SHV	464288679	$11.6M	5.72%	105,220	SH
3	VANGUARD CHARLOTTE FDS	BNDX	92203J407	$9.4M	4.64%	200,913	SH
4	DIMENSIONAL ETF TRUST	DFSD	25434V864	$9.3M	4.59%	200,344	SH
5	DIMENSIONAL ETF TRUST	DFIC	25434V799	$8.2M	4.04%	218,090	SH
6	DIMENSIONAL ETF TRUST	DFLV	25434V666	$4.1M	2.02%	102,106	SH
7	NVIDIA CORPORATION	NVDA	67066G104	$4.0M	1.99%	17,677	SH
8	APPLE INC	AAPL	037833100	$3.8M	1.86%	11,304	SH
9	VANGUARD SCOTTSDALE FDS	VGSH	92206C102	$3.3M	1.63%	57,459	SH
10	VANGUARD BD INDEX FDS	BND	921937835	$3.2M	1.59%	45,879	SH
11	MICROSOFT CORP	MSFT	594918104	$3.1M	1.54%	6,104	SH
12	DIMENSIONAL ETF TRUST	DFEM	25434V732	$2.9M	1.41%	72,053	SH
13	JOHN HANCOCK EXCHANGE TRADED	JHPI	47804J776	$2.7M	1.35%	125,776	SH
14	VANGUARD INDEX FDS	VTI	922908769	$2.6M	1.29%	7,008	SH
15	VANGUARD SCOTTSDALE FDS	VMBS	92206C771	$1.9M	0.94%	43,128	SH
16	VANGUARD BD INDEX FDS	BSV	921937827	$1.8M	0.90%	23,985	SH
17	META PLATFORMS INC	META	30303M102	$1.8M	0.90%	2,512	SH
18	AMAZON COM INC	AMZN	023135106	$1.7M	0.83%	6,730	SH
19	NORTHROP GRUMMAN CORP	NOC	666807102	$1.6M	0.80%	3,366	SH
20	WISDOMTREE TR	USFR	97717Y527	$1.6M	0.78%	31,544	SH
21	ISHARES TR	QLTA	46429B291	$1.5M	0.74%	33,463	SH
22	DIMENSIONAL ETF TRUST	DIHP	25434V765	$1.5M	0.74%	44,672	SH
23	JOHNSON & JOHNSON	JNJ	478160104	$1.5M	0.73%	5,609	SH
24	BOEING CO	BA	097023105	$1.5M	0.72%	7,831	SH
25	STATE STR SPDR S&P 500 ETF T	SPY	78462F103	$1.4M	0.70%	1,853	SH
26	DIMENSIONAL ETF TRUST	DFVX	25434V641	$1.4M	0.68%	16,511	SH
27	DIMENSIONAL ETF TRUST	DISV	25434V781	$1.3M	0.64%	29,916	SH
28	ALPHABET INC	GOOG	02079K107	$1.3M	0.62%	3,708	SH
29	ISHARES GOLD TR	IAU	464285204	$1.2M	0.60%	15,662	SH
30	MONOLITHIC PWR SYS INC	MPWR	609839105	$1.2M	0.57%	865	SH
31	FIRSTCASH HOLDINGS INC	FCFS	33768G107	$1.1M	0.55%	5,246	SH
32	DIMENSIONAL ETF TRUST	DEHP	25434V757	$1.0M	0.50%	24,690	SH
33	STRIDE INC	LRN	86333M108	$1.0M	0.49%	12,837	SH
34	ALPHABET INC	GOOGL	02079K305	$1.0M	0.49%	2,909	SH
35	CARPENTER TECHNOLOGY CORP	CRS	144285103	$991.1K	0.49%	2,549	SH
36	MCKESSON CORP	MCK	58155Q103	$968.2K	0.48%	1,133	SH
37	CITIGROUP INC	C	172967424	$947.8K	0.47%	7,320	SH
38	AMKOR TECHNOLOGY INC	AMKR	031652100	$933.3K	0.46%	17,818	SH
39	ADOBE INC	ADBE	00724F101	$900.6K	0.44%	3,754	SH
40	API GROUP CORP	APG	00187Y100	$865.2K	0.43%	22,415	SH
41	DIMENSIONAL ETF TRUST	DFUS	25434V401	$848.6K	0.42%	10,221	SH
42	ISHARES TR	IVV	464287200	$846.5K	0.42%	1,105	SH
43	BROADCOM INC	AVGO	11135F101	$838.1K	0.41%	2,387	SH
44	ARISTA NETWORKS INC	ANET	040413205	$831.5K	0.41%	4,084	SH
45	TAIWAN SEMICONDUCTOR MANUFAC	TSM	874039100	$809.1K	0.40%	1,774	SH
46	EATON CORP PLC	ETN	G29183103	$762.1K	0.38%	1,773	SH
47	VSE CORP	VSEC	918284100	$755.1K	0.37%	4,584	SH
48	VANGUARD SCOTTSDALE FDS	VCIT	92206C870	$747.4K	0.37%	9,544	SH
49	PROCTER & GAMBLE CO	PG	742718109	$747.0K	0.37%	5,142	SH
50	SCHWAB STRATEGIC TR	SCHO	808524862	$715.3K	0.35%	29,981	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-09-30	2026-10-14	$202.9M	117	0002085853-26-001193
2026-06-30	2026-07-15	$230.0M	116	0002085853-26-000734
2026-03-31	2026-04-16	$207.8M	137	0002085853-26-000388
2025-12-31	2026-02-26	$198.1M	134	0002085853-26-000288

Filer Information

Address

19409 PLANTATION RD
BLDG. 2, UNIT 1
REHOBOTH BEACH, DE 19971

Phone

(302) 265-2236

Filing Manager

BDFS Capital LLC

REHOBOTH BEACH, DE

Signatory

Mark Anthony Nehra

Chief Compliance Officer