RAFFA WEALTH MANAGEMENT LLC
Q4 2025 Form 13-F
WASHINGTON, MARYLAND
CIK 0001631073
· CRD 136971
· SEC-registered investment adviser
$650.1M Reported Value Total
RAFFA WEALTH MANAGEMENT LLC reports 708 total accounts under management (AUM). There are 653 discretionary accounts valued at $1,512,564,172, and 55 non-discretionary accounts valued at $185,551,297.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-10-27
Reported value
$650.1M
Quarter over quarter
+1.4%
Holdings
1,163
Top-10 concentration
66.5%
Key People
Form ADV owners & control persons
Dennis Patrick Gogarty
CHIEF COMPLIANCE OFFICER
Thomas J. Raffa
MEMBER
Filing Navigation
13F Metrics
Loading 13F Metrics
Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | July 27, 2026 |
| Form | 13F-HR |
| Reported value | $650.1M |
| Positions | 1,163 |
| Change in reported value | +16.8% |
| New positions | 31 |
| Exited positions | 40 |
| Position turnover | 5.9% |
| Top-10 concentration | 66.5% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 27, 2026
|
1,591 | $793.3M |
|
Q1 2026 13F
Filed Jul 27, 2026
|
1,518 | $640.3M |
|
Q4 2025 13F
Filed Jul 27, 2026
|
1,163 | $650.1M |
|
Q3 2025 13F
Filed Jul 27, 2026
|
1,172 | $556.6M |
|
Q2 2025 13F
Filed Jul 27, 2026
|
1,105 | $500.0M |
|
Q1 2025 13F
Filed Jul 27, 2026
|
1,079 | $439.4M |
|
Q4 2024 13F
Filed Jul 27, 2026
|
1,113 | $429.7M |
|
Q3 2024 13F
Filed Jul 27, 2026
|
1,082 | $414.3M |
|
Q2 2024 13F
Filed Jul 27, 2026
|
1,151 | $352.4M |
|
Q1 2024 13F
Filed Jul 27, 2026
|
1,128 | $335.7M |
|
Q4 2023 13F
Filed Jul 27, 2026
|
1,060 | $329.3M |
|
Q3 2023 13F
Filed Jul 27, 2026
|
1,063 | $294.0M |
|
Q2 2023 13F
Filed Jul 27, 2026
|
1,071 | $293.2M |
|
Q1 2023 13F
Filed Jul 27, 2026
|
1,074 | $274.8M |
|
Q4 2022 13F
Filed Jul 27, 2026
|
1,066 | $244.3M |
|
Q3 2022 13F
Filed Jul 27, 2026
|
1,165 | $225.8M |
|
Q2 2022 13F
Filed Jul 27, 2026
|
1,131 | $219.6M |
|
Q1 2022 13F
Filed Jul 27, 2026
|
1,137 | $268.8M |
|
Q4 2021 13F
Filed Jul 27, 2026
|
1,127 | $305.5M |
|
Q3 2021 13F
Filed Jul 27, 2026
|
1,113 | $288.4M |
31 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SGOV iShares 0-3 Month Treasury Bond ETF | $69.7M | 10.72% |
| 2 | VTI Vanguard Total Stock Market ETF | $57.6M | 8.87% |
| 3 | VEA Vanguard FTSE Developed Markets ETF | $50.6M | 7.79% |
| 4 | BND Vanguard Total Bond Market ETF | $46.7M | 7.18% |
| 5 | AVUS Avantis US Equity ETF | $43.4M | 6.67% |
| 6 | IGSB iShares Short-Term Corporate Bond ETF | $36.7M | 5.64% |
| 7 | VCIT Vanguard Intermediate-Term Corporate Bond ETF | $34.8M | 5.36% |
| 8 | IAGG iShares Core International Aggregate Bond ETF | $34.4M | 5.3% |
| 9 | DFAC Dimensional U.S. Core Equity 2 ETF | $31.5M | 4.84% |
| 10 | FQAL Fidelity Quality Factor ETF | $27.0M | 4.15% |
| 11 | VUSB Vanguard Ultra-Short Bond ETF | $22.7M | 3.49% |
| 12 | AVDE Avantis International Equity ETF | $13.9M | 2.13% |
| 13 | VWO Vanguard FTSE Emerging Markets ETF | $13.3M | 2.05% |
| 14 | DUHP Dimensional US High Profitability ETF | $10.4M | 1.6% |
| 15 | IWB iShares Russell 1000 ETF | $8.5M | 1.3% |
| 16 | SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF | $6.7M | 1.04% |
| 17 | ESGV Vanguard ESG U.S. Stock ETF | $6.6M | 1.02% |
| 18 | ESGD iShares MSCI EAFE ESG Select ETF | $6.6M | 1.01% |
| 19 | VIG VANGUARD DIVIDEND APPRECIATION ETF | $6.3M | 0.97% |
| 20 | VOO Vanguard 500 Index Fund ETF | $5.9M | 0.9% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.