Graves Light Lenhart Wealth Inc.: ETF Purchases & Stock Sales in Q2 2026

As part of its investment strategy, Graves Light Lenhart Wealth Inc., a prominent financial institution with detailed disclosures available here, has shown notable activity in the second quarter ending June 30, 2026. The firm focused on expanding its exposure to specific sectors and fund types.

Significant Increases: Dimensional Funds & Interest Rate Protection

This quarter saw substantial buying interest from Graves Light Lenhart Wealth Inc., particularly in VOOG (Vanguard Admiral Funds), where the holding increased by a staggering 588.37%. This was not an isolated event, as other Dimensional Fund Advisors products also experienced significant inflows.

• DFAX increased by 41.85%, representing a considerable addition to the portfolio.
• The Dimensional ETF Trust complex continued its expansion, with holdings in DFCF, DFNM, and DFUV all seeing increases, though at varying percentages (7.33%, 15.3%, and 13.87% respectively).
• The firm also significantly boosted its position in AGG (iShares Core U.S. Aggregate Bond ETF), increasing shares by 5.76%, and slightly increased holdings in IEFA (iShares Core MSCI Emerging Markets Low Volatility ETF) by 5.75%.
• VOO, ELV, and VGT were also among the significant buys, indicating confidence in broad market exposure and specific technology equity sectors.
• The total portfolio value stood at $1.07 billion as of June 30, 2026, according to Graves Light Lenhart Wealth Inc.'s latest filing.

New Position: Vanguard Small Cap Growth ETF (VUG)

In addition to increasing existing positions, Graves Light Lenhart Wealth Inc. established a new holding in the quarter with VUG (Vanguard Small Cap Growth ETF). This fund represents an allocation of 0.23% to the portfolio, suggesting interest in small-cap growth stocks.

• The firm also added shares to VCSH (Vanguard California Tax-Indexed Fund), increasing its exposure to tax-managed investing strategies, though the change was not as dramatic as some other additions.
• VTEB (Vanguard Municipal Bond Index ETF) also saw an increase of 34.32%, adding another position to the list.

Sales & Exits: Selective Withdrawal from Stocks and Specific Funds

The investor's buying activity was balanced by notable selling actions, particularly in stock holdings and specific Dimensional Fund Advisors products. The most significant sale occurred in DIS (Walt Disney Co.), where the position decreased by a substantial 51.05%.

• The firm also completely exited its position in Dimensional Fund Advisors' DFEM ETF, which held a portfolio_percentage_allocation of just 0.1%, likely due to the large percentage decrease (-71.73%) from prior periods.
• IJH (iShares Core MSCI USA Small Cap ETF) saw a smaller but still noteworthy reduction of 4.1% in portfolio_percentage_allocation, though the absolute change was less dramatic than DIS.
• The overall portfolio held 201 distinct holdings as of June 30, 2026, reflecting diversification across various sectors and instruments.

Balanced Approach: Focus on Fixed Income & Diversified ETFs

The portfolio's sector allocation data reveals that the majority (79.49%) consists of holdings categorized as 'Unknown', which typically includes exchange-traded funds and other pooled vehicles rather than individual stocks.

• Significant allocations exist in Financial Services (5.97%), Technology (4.21%), and Communication Services (3.4%).
• The investor maintains a core position in the U.S. Aggregate Bond market via AGG, which accounts for 10.18% of the portfolio.

Graves Light Lenhart Wealth Inc.'s investment strategy appears focused on maintaining a diversified base while strategically increasing positions in specific Dimensional Fund Advisors ETFs and Vanguard funds known for broad market exposure or particular sector tilts, alongside selective stock holdings. Conversely, they have chosen to reduce their stake significantly in Walt Disney Co. and exit the smallest Dimensional fund position.