RF&L WEALTH MANAGEMENT, LLC

Registered adviser

CIK

1965915

Location

ACTON, MA

Portfolio Value

Small $143,637,070

Diversification

Highly concentrated

Files via

AQR CAPITAL MANAGEMENT LLC

Filing Date

Global Rank

#7,465 / 8,820 ▼ 17 · as of Jun 2026

Top Industry

Drug Manufacturers - General 38.0%

Period ended 30 days ago

Filed Oct 20, 2026 · 10d

16 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 140210

Roster of Oct 1, 2026

Regulatory AUM

$381,085,305

Main clients

Individuals and high net worth (96% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$381,085,305	Individuals and high net worth (96%)
Apr 2025 to Mar 2026	$325,370,704	Individuals and high net worth (95%)
Apr 2024 to Mar 2025	$287,088,356	Individuals and high net worth (95%)
May 2023 to Mar 2024	$241,386,627	Individuals and high net worth (95%)
Mar 2023 to Apr 2023	$241,386,627	Individuals and high net worth (95%)
Apr 2022 to Feb 2023	$242,210,912	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.5% of the book (60%+)

Turnover

Low turnover

2.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 85.8%; sector active share 76.7% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

51 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

50.7%

+0.7 pts

Top 5

86.2%

+0.1 pts

Top 10

94.0%

+0.4 pts

HHI

2,933

Highly concentrated+53

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	89.2%	$128,110,632	36
Healthcare	4.8%	$6,843,437	3
Technology	3.1%	$4,468,106	3
Financial Services	1.1%	$1,577,159	3
Consumer Defensive	0.5%	$787,444	1
Consumer Cyclical	0.3%	$458,436	1
Utilities	0.3%	$402,182	1
Energy	0.3%	$360,430	1
Communication Services	0.2%	$350,273	1
Real Estate	0.2%	$278,971	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

24 positions

Ticker	Company	Δ Shares	Shares	Value
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+4,155	128,354	$9,806,245
BSVO	EA Bridgeway Omni Small-Cap Value ETF	+2,510	44,286	$1,238,192
DISV	Dimensional International Small Cap Value ETF	+1,566	35,301	$1,528,180
GL	Globe Life Inc.	+884	4,297	$711,798
BIV	Vanguard Bond Index Funds	+670	4,045	$294,718
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	+490	27,937	$1,109,657
DFIV	Dimensional International Value ETF	+490	127,306	$7,111,313
DFAS	Dimensional U.S. Small Cap ETF	+400	91,461	$7,080,910
VOO	VANGUARD 500 INDEX FUND	+283	9,505	$6,661,674
IDEV	iShares Core MSCI International Developed Markets ETF	+246	31,352	$2,805,376
IEMG	iShares Trust	+160	51,774	$0
IWD	iShares Russell 1000 Value ETF	+120	9,575	$2,373,929
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	+60	12,533	$629,281
DFAC	Dimensional U.S. Core Equity 2 ETF	+59	282,751	$12,568,281
VUG	VANGUARD GROWTH INDEX FUND	+40	2,710	$244,198
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+8	30,014	$4,990,727
NVDA	Nvidia Corp	+7	10,917	$2,493,224
IJR	iShares Core S&P Small-Cap ETF	+5	7,245	$985,609
CVX	Chevron Corp	+5	1,765	$360,430
JPM	Jpmorgan Chase & Co	+4	942	$311,641
AMZN	Amazon Com Inc	+3	1,840	$458,436
MSFT	Microsoft Corp	+2	1,089	$558,548
GOOGL	Alphabet Inc.	+2	1,018	$350,273
LLY	ELI LILLY & Co	+1	3,270	$3,783,651
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
DFAT	Dimensional U.S. Targeted Value ETF	−3,231	285,729	$18,983,834
DFUS	Dimensional U.S. Equity Market ETF	−930	144,723	$12,016,350
AAPL	Apple Inc.	−852	4,253	$1,416,334
FNDC	Schwab Fundamental International Small Equity ETF	−770	104,747	$5,219,543
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−530	41,686	$1,543,215
FNDF	Schwab Fundamental International Equity ETF	−400	41,805	$2,247,018
ABBV	AbbVie Inc.	−360	8,110	$2,121,494
DFUV	Dimensional U.S. Marketwide Value ETF	−204	197,810	$10,879,550
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−94	18,765	$1,112,952
—		−50	4,640	$0
SPY	Spdr S&P 500 ETF Trust	−20	547	$417,158
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−20	21,191	$4,895,756
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−5	14,422	$5,397,289
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
IVE	iShares S&P 500 Value ETF	6,000	$1,369,680
FMDE	Fidelity Enhanced Mid Cap Core ETF	7,291	$294,410
IVW	iShares S&P 500 Growth ETF	1,440	$204,854
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
—		2,665	$244,220
TSLA	Tesla, Inc.	545	$229,227
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

51 tracked positions · $143,637,070 total · filing declares 51 positions · $148,811,542 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Real Estate Technology Utilities

Showing 1–50 of 51 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	285,729	-3,231	$18,983,834	−6.0%	13.22%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	282,751	+59	$12,568,281	+0.2%	8.75%
DFUS	Dimensional U.S. Equity Market ETF	Reduced	144,723	-930	$12,016,350	+0.7%	8.37%
DFUV	Dimensional U.S. Marketwide Value ETF	Reduced	197,810	-204	$10,879,550	−0.1%	7.57%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	128,354	+4,155	$9,806,245	+1.3%	6.83%
DFIV	Dimensional International Value ETF	Added	127,306	+490	$7,111,313	+3.8%	4.95%
DFAS	Dimensional U.S. Small Cap ETF	Added	91,461	+400	$7,080,910	−5.6%	4.93%
VOO	VANGUARD 500 INDEX FUND	Added	9,505	+283	$6,661,674	+5.2%	4.64%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	14,422	-5	$5,397,289	+1.1%	3.76%
FNDC	Schwab Fundamental International Small Equity ETF	Reduced	104,747	-770	$5,219,543	+1.9%	3.63%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Added	30,014	+8	$4,990,727	+1.3%	3.47%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	21,191	-20	$4,895,756	−5.0%	3.41%
LLY	ELI LILLY & Co Healthcare	Added	3,270	+1	$3,783,651	−3.5%	2.63%
IDEV	iShares Core MSCI International Developed Markets ETF	Added	31,352	+246	$2,805,376	+1.3%	1.95%
NVDA	Nvidia Corp Technology	Added	10,917	+7	$2,493,224	+14.2%	1.74%
IWD	iShares Russell 1000 Value ETF	Added	9,575	+120	$2,373,929	+3.6%	1.65%
FNDF	Schwab Fundamental International Equity ETF	Reduced	41,805	-400	$2,247,018	+0.9%	1.56%
ABBV	AbbVie Inc. Healthcare	Reduced	8,110	-360	$2,121,494	−0.5%	1.48%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	41,686	-530	$1,543,215	−0.8%	1.07%
DISV	Dimensional International Small Cap Value ETF	Added	35,301	+1,566	$1,528,180	+12.9%	1.06%
AAPL	Apple Inc. Technology	Reduced	4,253	-852	$1,416,334	−4.1%	0.99%
IVE	iShares S&P 500 Value ETF	NEW	6,000	NEW	$1,369,680	NEW	0.95%
BSVO	EA Bridgeway Omni Small-Cap Value ETF	Added	44,286	+2,510	$1,238,192	+1.5%	0.86%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	18,765	-94	$1,112,952	−1.1%	0.77%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Added	27,937	+490	$1,109,657	−0.5%	0.77%
IWM	iShares Russell 2000 ETF	Held	3,901	0	$1,084,048	−7.5%	0.75%
VTV	VANGUARD VALUE INDEX FUND	Held	4,863	0	$1,050,797	−0.8%	0.73%
IJR	iShares Core S&P Small-Cap ETF	Added	7,245	+5	$985,609	−8.2%	0.69%
ABT	Abbott Laboratories Healthcare	Held	9,494	0	$938,292	+8.9%	0.65%
COST	Costco Wholesale Corp Consumer Defensive	Held	865	0	$787,444	−2.7%	0.55%
SCZ	iShares MSCI EAFE Small-Cap ETF	Held	9,250	0	$780,885	+2.6%	0.54%
GL	Globe Life Inc. Financial Services	Added	4,297	+884	$711,798	+16.7%	0.50%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Added	12,533	+60	$629,281	+0.1%	0.44%
SCHX	Schwab U.S. Large-Cap ETF	Held	20,001	0	$600,030	+1.9%	0.42%
MSFT	Microsoft Corp Technology	Added	1,089	+2	$558,548	+37.8%	0.39%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,112	0	$553,720	−0.5%	0.39%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,840	+3	$458,436	+4.7%	0.32%
SPY	Spdr S&P 500 ETF Trust	Reduced	547	-20	$417,158	−1.5%	0.29%
SO	Southern Co Utilities	Held	4,852	0	$402,182	−13.4%	0.28%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Held	4,075	0	$377,548	+5.4%	0.26%
CVX	Chevron Corp Energy	Added	1,765	+5	$360,430	+23.5%	0.25%
GOOGL	Alphabet Inc. Communication Services	Added	1,018	+2	$350,273	−3.5%	0.24%
JPM	Jpmorgan Chase & Co Financial Services	Added	942	+4	$311,641	+1.5%	0.22%
BIV	Vanguard Bond Index Funds	Added	4,045	+670	$294,718	+13.9%	0.21%
FMDE	Fidelity Enhanced Mid Cap Core ETF	NEW	7,291	NEW	$294,410	NEW	0.20%
OHI	Omega Healthcare Investors Inc Real Estate	Held	6,024	0	$278,971	−2.9%	0.19%
VUG	VANGUARD GROWTH INDEX FUND	Added	2,710	+40	$244,198	+6.2%	0.17%
VEU	Vanguard International Equity Index Funds	Held	2,500	0	$207,425	−0.9%	0.14%
IVW	iShares S&P 500 Growth ETF	NEW	1,440	NEW	$204,854	NEW	0.14%
		Reduced	4,640	-50	$0	−100.0%	0.00%

Showing the top 50 of 51 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.