RAFFA WEALTH MANAGEMENT, LLC

WASHINGTON, DC · CIK 1631073 · 13F filing filed 2026-07-27

SEC-registered investment adviser since 2007 · limited liability company

Assets managed$1.7bn
Staff9 · 6 in investment roles
Main clients (by assets)Charities 67%, High net worth individuals 18%, Pension plans 14%
Form ADV · 2026-09-24SEC adviser record

Kindinstitutions
Others nearbyWashington, DC

$793.3m reported value +23.9% vs Q1 2026

1,591positions

69.7%in top 10

173 new 648 added 317 reduced 100 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	241,262	$89.3m11.25%	11.25%	Added +65.6k	+65,572 37.3%
2	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	694,542	$69.9m8.81%	8.81%	Added +34.1k	+34,071 5.2%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	863,323	$61.5m7.75%	7.75%	Added +81.2k	+81,156 10.4%
4	AMERICAN CENTY ETF TR US EQT ETF AVUS	AVUS	450,553	$57.7m7.27%	7.27%	Added +48.5k	+48,461 12.1%
5	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	728,737	$53.5m6.74%	6.74%	Added +98.6k	+98,645 15.7%
6	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	987,415	$51.8m6.52%	6.52%	Added +174.5k	+174,539 21.5%
7	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	613,965	$50.7m6.40%	6.40%	Added +133.4k	+133,376 27.8%
8	ISHARES TR CORE INTL AGGR IAGG	IAGG	880,019	$44.5m5.61%	5.61%	Added +117.2k	+117,195 15.4%
9	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	894,699	$39.7m5.00%	5.00%	Added +81.2k	+81,224 10.0%
10	FIDELITY COVINGTON TRUST QLTY FCTOR ETF FQAL	FQAL	424,404	$34.5m4.35%	4.35%	Added +56.0k	+55,976 15.2%
11	VANGUARD BD INDEX FDS VANGUARD ULTRA VUSB	VUSB	622,737	$31.0m3.91%	3.91%	Added +127.1k	+127,055 25.6%
12	AMERICAN CENTY ETF TR INTL EQT ETF AVDE	AVDE	194,650	$17.4m2.19%	2.19%	Added +26.0k	+26,033 15.4%
13	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	282,762	$16.9m2.13%	2.13%	Added +38.9k	+38,938 16.0%
14	DIMENSIONAL ETF TRUST US HIGH PROFITAB US HIGH PROFITAB		317,648	$13.3m1.67%	1.67%	Added +32.1k	+32,070 11.2%
15	ISHARES TR ESG AW MSCI EAFE ESGD	ESGD	84,064	$8.6m1.09%	1.09%	Added +5.2k	+5,177 6.6%
16	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	143,656	$8.4m1.05%	1.05%	Added +96.0k	+96,040 201.7%
17	ISHARES TR ESG AWRE 1 5 YR SUSB	SUSB	293,026	$7.3m0.92%	0.92%	Added +33.8k	+33,826 13.1%
18	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	54,759	$7.2m0.91%	0.91%	Added +117	+117 0.2%
19	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	84,885	$7.1m0.90%	0.90%	Added +54.9k	+54,869 182.8%
20	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	9,389	$6.4m0.81%	0.81%	Added +26	+26 0.3%
21	DIMENSIONAL ETF TRUST INTL HIGH PROFIT DIHP	DIHP	168,499	$5.8m0.72%	0.72%	Added +26.0k	+25,958 18.2%
22	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	7,227	$5.4m0.68%	0.68%	Added +4	+4 0.1%
23	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	102,663	$5.2m0.65%	0.65%	Added +50.5k	+50,498 96.8%
24	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	24,011	$5.1m0.64%	0.64%	Added +40	+40 0.2%
25	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	63,170	$4.9m0.62%	0.62%	Reduced -2.6k	-2,575 -3.9%
26	ISHARES TR CORE S&P500 ETF IVV	IVV	6,132	$4.6m0.58%	0.58%	Added +2.8k	+2,817 85.0%
27	ISHARES TR CORE US AGGBD ET AGG	AGG	45,285	$4.5m0.57%	0.57%	Added +454	+454 1.0%
28	ISHARES INC ESG AWR MSCI EM ESGE	ESGE	75,966	$4.2m0.52%	0.52%	Added +1.8k	+1,830 2.5%
29	SPDR SER TR PORTFLI TIPS ETF SPIP	SPIP	158,108	$4.1m0.51%	0.51%	New
30	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	46,796	$3.7m0.47%	0.47%	Reduced -1.1k	-1,052 -2.2%
31	APPLE INC COM AAPL	AAPL	12,732	$3.7m0.46%	0.46%	Added +1.2k	+1,181 10.2%
32	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	41,193	$3.4m0.43%	0.43%	Added +276	+276 0.7%
33	VANGUARD WORLD FD ESG US CORP BD VCEB	VCEB	48,855	$3.1m0.39%	0.39%	Added +526	+526 1.1%
34	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	39,816	$3.1m0.38%	0.38%	Added +10.3k	+10,301 34.9%
35	DIMENSIONAL ETF TRUST US CORE EQT MKT DFAU	DFAU	58,116	$3.0m0.38%	0.38%	Added +355	+355 0.6%
36	ISHARES TR RUSEL 2500 ETF SMMD	SMMD	30,938	$2.8m0.36%	0.36%	Reduced -1.4k	-1,368 -4.2%
37	FIDELITY COVINGTON TRUST MSCI RL EST ETF FREL	FREL	81,795	$2.4m0.30%	0.30%	Added +11.4k	+11,363 16.1%
38	NVIDIA CORPORATION COM NVDA	NVDA	11,151	$2.2m0.28%	0.28%	Added +435	+435 4.1%
39	SPDR SERIES TRUST SPDR S&P1500VL VLU	VLU	9,251	$2.2m0.28%	0.28%	Added +9.0k	+8,974 3239.7%
40	ISHARES TR CORE MSCI EAFE IEFA	IEFA	15,696	$1.5m0.19%	0.19%	Added +250	+250 1.6%
41	J P MORGAN EXCHANGE TRADED F FLEXIBLE DEBT ET JFLX	JFLX	27,436	$1.4m0.17%	0.17%	Unchanged
42	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	15,975	$1.4m0.17%	0.17%	Reduced -670	-670 -4.0%
43	EAGLE BANCORP INC MD COM EGBN	EGBN	43,105	$1.2m0.15%	0.15%	Unchanged
44	ISHARES TR EAFE VALUE ETF EFV	EFV	14,649	$1.1m0.14%	0.14%	Added +6.5k	+6,476 79.2%
45	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,899	$950.2k0.12%	0.12%	Added +1	+1 0.1%
46	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	1,077	$793.2k0.10%	0.10%	Added +1	+1 0.1%
47	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	13,508	$779.0k0.10%	0.10%	Added +12.4k	+12,448 1174.3%
48	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	7,578	$730.7k0.09%	0.09%	Added +28	+28 0.4%
49	AMERICAN CENTY ETF TR AVANTIS EMGMKT AVEM	AVEM	7,390	$713.0k0.09%	0.09%	Reduced -271	-271 -3.5%
50	MICROSOFT CORP COM MSFT	MSFT	1,907	$711.3k0.09%	0.09%	Reduced -392	-392 -17.1%
51	DIMENSIONAL ETF TRUST INTL CORE EQT MK DFAI	DFAI	16,642	$686.5k0.09%	0.09%	Added +46	+46 0.3%
52	DIMENSIONAL ETF TRUST INTL CORE EQUITY DFIC	DFIC	16,415	$611.6k0.08%	0.08%	Added +138	+138 0.8%
53	ISHARES TR CORE S&P TTL STK ITOT	ITOT	3,714	$610.1k0.08%	0.08%	Reduced -1.3k	-1,311 -26.1%
54	ISHARES TR SHRT NAT MUN ETF SUB	SUB	5,722	$609.3k0.08%	0.08%	Added +2.2k	+2,162 60.7%
55	ISHARES TR INTRM GOV CR ETF GVI	GVI	5,676	$602.2k0.08%	0.08%	Added +1	+1 0.0%
56	DIMENSIONAL ETF TRUST US REAL ESTATE E US REAL ESTATE E		22,282	$582.9k0.07%	0.07%	Added +21	+21 0.1%
57	DBX ETF TR XTRACK MSCI EAFE DBEF	DBEF	10,103	$551.9k0.07%	0.07%	Unchanged
58	AMAZON COM INC COM AMZN	AMZN	2,258	$538.2k0.07%	0.07%	Reduced -433	-433 -16.1%
59	ALPHABET INC CAP STK CL C GOOG	GOOG	1,445	$510.6k0.06%	0.06%	Reduced -338	-338 -19.0%
60	SCHWAB STRATEGIC TR US MID-CAP ETF SCHM	SCHM	13,838	$510.2k0.06%	0.06%	Added +41	+41 0.3%
61	ELI LILLY & CO COM LLY	LLY	420	$503.2k0.06%	0.06%	Added +17	+17 4.2%
62	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	2,936	$463.9k0.06%	0.06%	Added +2	+2 0.1%
63	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	2,901	$447.6k0.06%	0.06%	Added +2.9k	+2,873 10260.7%
64	VANGUARD INDEX FDS VALUE ETF VTV	VTV	2,014	$439.0k0.06%	0.06%	Reduced -14.6k	-14,569 -87.9%
65	INVESCO EXCH TRADED FD TR II NASDAQ BIOTECH IBBQ	IBBQ	12,570	$410.5k0.05%	0.05%	Unchanged
66	JPMORGAN CHASE & CO COM JPM	JPM	1,236	$404.7k0.05%	0.05%	Added +35	+35 2.9%
67	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,112	$397.4k0.05%	0.05%	Reduced -303	-303 -21.4%
68	ISHARES TR GL CLEAN ENE ETF ICLN	ICLN	19,276	$395.0k0.05%	0.05%	Unchanged
69	ISHARES INC CORE MSCI EMKT IEMG	IEMG	4,610	$381.9k0.05%	0.05%	Added +35	+35 0.8%
70	JOHNSON & JOHNSON COM JNJ	JNJ	1,440	$365.6k0.05%	0.05%	Added +111	+111 8.3%
71	ABBVIE INC COM ABBV	ABBV	1,432	$360.3k0.05%	0.05%	Added +4	+4 0.3%
72	ISHARES TR RUS 2000 VAL ETF IWN	IWN	1,589	$351.6k0.04%	0.04%	Unchanged
73	ISHARES TR MBS ETF MBB	MBB	3,519	$332.6k0.04%	0.04%	Unchanged
74	DIMENSIONAL ETF TRUST US CORE EQUITY 1 US CORE EQUITY 1		3,972	$325.6k0.04%	0.04%	Unchanged
75	VISA INC COM CL A V	V	914	$313.6k0.04%	0.04%	Added +114	+114 14.2%
76	LOWES COS INC COM LOW	LOW	1,379	$304.1k0.04%	0.04%	Unchanged
77	VANGUARD INDEX FDS SMALL CP ETF VB	VB	914	$277.0k0.03%	0.03%	Added +1	+1 0.1%
78	BROADCOM INC COM AVGO	AVGO	725	$273.9k0.03%	0.03%	Added +27	+27 3.9%
79	META PLATFORMS INC CL A META	META	482	$271.5k0.03%	0.03%	Added +71	+71 17.3%
80	ISHARES TR EAFE SML CP ETF SCZ	SCZ	3,225	$265.3k0.03%	0.03%	Reduced -2.7k	-2,736 -45.9%
81	MICRON TECHNOLOGY INC COM MU	MU	227	$262.0k0.03%	0.03%	Added +12	+12 5.6%
82	WALMART INC COM WMT	WMT	2,304	$260.9k0.03%	0.03%	Reduced -100	-100 -4.2%
83	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	2,554	$250.8k0.03%	0.03%	Added +2	+2 0.1%
84	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	4,898	$246.8k0.03%	0.03%	Reduced -141	-141 -2.8%
85	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	3,323	$232.2k0.03%	0.03%	Unchanged
86	GOLDMAN SACHS GROUP INC COM GS	GS	229	$231.6k0.03%	0.03%	Added +2	+2 0.9%
87	ISHARES TR MSCI EAFE ETF EFA	EFA	2,160	$224.4k0.03%	0.03%	Unchanged
88	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	1,419	$222.7k0.03%	0.03%	Added +1	+1 0.1%
89	TESLA INC COM TSLA	TSLA	524	$220.4k0.03%	0.03%	Added +63	+63 13.7%
90	MERCK & CO INC COM MRK	MRK	1,691	$217.3k0.03%	0.03%	Reduced -16	-16 -0.9%
91	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	1,583	$216.4k0.03%	0.03%	Reduced -73	-73 -4.4%
92	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	4,225	$204.6k0.03%	0.03%	Reduced -6.4k	-6,394 -60.2%
93	ISHARES TR CORE S&P SCP ETF IJR	IJR	1,360	$201.7k0.03%	0.03%	Unchanged
94	AMGEN INC COM AMGN	AMGN	553	$200.3k0.03%	0.03%	Added +8	+8 1.5%
95	VANGUARD INDEX FDS MCAP GR IDXVIP VOT	VOT	610	$186.7k0.02%	0.02%	Unchanged
96	ADVANCED MICRO DEVICES INC COM AMD	AMD	313	$181.8k0.02%	0.02%	Added +67	+67 27.2%
97	DIMENSIONAL ETF TRUST US EQUITY MARKET DFUS	DFUS	2,215	$181.5k0.02%	0.02%	Reduced -33	-33 -1.5%
98	ISHARES TR S&P 500 VAL ETF IVE	IVE	786	$178.5k0.02%	0.02%	Unchanged
99	PROCTER AND GAMBLE CO COM PG	PG	1,216	$178.3k0.02%	0.02%	Added +124	+124 11.4%
100	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	3,463	$175.2k0.02%	0.02%	Added +49	+49 1.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR ACWX	ACWX	55,029	$3.8m55.0k shares
VANGUARD INDEX FDS VUG	VUG	27,282	$2.0m27.3k shares
ISHARES TR ARTY	ARTY	981	$45.6k981 shares
TEMPLETON EMERGING MKTS INCO TEI	TEI	3,370	$20.3k3.4k shares
PRAIRIE OPER CO PROP	PROP	2,685	$5.5k2.7k shares
LAMAR ADVERTISING CO NEW LAMR	LAMR	32	$4.1k32 shares
V2X INC VVX	VVX	44	$3.0k44 shares
HOLOGIC INC HOLX	HOLX	30	$2.3k30 shares
PC CONNECTION INC CNXN	CNXN	38	$2.2k38 shares
FIGMA INC FIG	FIG	82	$1.7k82 shares
COTERRA ENERGY INC CTRA	CTRA	48	$1.7k48 shares
GAMING & LEISURE PPTYS INC GLPI	GLPI	35	$1.6k35 shares
EMPIRE PETE CORP COM		516	$1.5k516 shares
CELSIUS HLDGS INC CELH	CELH	43	$1.5k43 shares
DELEK US HLDGS INC NEW DK	DK	29	$1.3k29 shares
INDEPENDENT BK CORP MICH IBCP	IBCP	39	$1.3k39 shares
FACTSET RESH SYS INC FDS	FDS	5	$1.1k5 shares
AGIOS PHARMACEUTICALS INC AGIO	AGIO	32	$1.1k32 shares
DOMINOS PIZZA INC DPZ	DPZ	3	$1.1k3 shares
NICOLET BANKSHARES INC NIC	NIC	7	$1.0k7 shares
CROWN HLDGS INC CCK	CCK	10	$1.0k10 shares
INSIGHT ENTERPRISES INC NSIT	NSIT	13	$87113 shares
DIAMOND HILL INVT GROUP INC DHIL	DHIL	5	$8615 shares
SEALED AIR CORP NEW		20	$84120 shares
ALAMO GROUP INC ALG	ALG	5	$8255 shares