Efficient Advisors, LLC

RIA/Wealth

Efficient Advisors, LLC is a RIA/Wealth led by Steven Bradford Miller, reporting $2.8B in AUM as of Q3 2025 with 100% ETF concentration and 56% concentrated in top 10 holdings.

CEOSteven Bradford Miller

Portfolio Value: $1.8B
Positions: 58
Top Holding: VBR at 7.24%
Last Reported: Q3 2025

Address

Top Holdings

Largest long holdings in Efficient Advisors, LLC's portfolio (56.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Small-Cap Value VBR	ETF ETF	$128.4M	7.24%	+$987.8K Bought	— 615.4K shares	≤ Q2 2013 Held for 12y 5m+
2 Vanguard Total Stock Market VTI	ETF ETF	$126.3M	7.12%	+$335.1K Bought	— 384.9K shares	Q2 2014 Held for 11y 5m
3 Vanguard S&P 500 ETF VOO	ETF ETF	$112.3M	6.33%	+$1.4M Bought	— 183.4K shares	Q4 2020 Held for 4y 11m
4 Vanguard Total Bond Market BND	ETF ETF	$112.1M	6.32%	+$3.6M Bought	— 1.5M shares	Q4 2020 Held for 4y 11m
5 Vanguard Small-Cap ETF VB	ETF ETF	$111.9M	6.31%	+$1.6M Bought	— 440.2K shares	≤ Q2 2013 Held for 12y 5m+
6 Vanguard Value VTV	ETF ETF	$109.4M	6.17%	+$3.4M Bought	— 586.9K shares	Q1 2016 Held for 9y 8m
7 Vanguard Intermediate-Term Bond BIV	ETF ETF	$106.6M	6.01%	+$6.8M Bought	— 1.4M shares	Q1 2016 Held for 9y 8m
8 Vanguard Short-Term Bond BSV	ETF ETF	$66.4M	3.74%	+$3.9M Bought	— 842.0K shares	≤ Q2 2013 Held for 12y 5m+
9 Vanguard FTSE All-World Ex-US ETF VEU	ETF ETF	$63.6M	3.59%	+$2.1M Bought	— 891.6K shares	Q4 2020 Held for 4y 11m
10 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$62.2M	3.51%	+$1.4M Bought	— 620.9K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Efficient Advisors, LLC's latest filing

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Market Value

$1.8B

Prior: $1.7B

Q/Q Change

+5.68%

+$95.3M

Net Flows % of MV

+0.728%

Turnover Ratio

2.84%

New Purchases

1 stocks

$698.4K

Added To

29 stocks

+$56.0M

Sold Out Of

40 stocks

$35.2M

Reduced Holdings

27 stocks

-$8.6M

Increased Positions

Position	Shares Δ	Change
1 JPMorgan Chase JPM	New	0 → 2.2K +$698.4K
2 Dimensional U.S. Small Cap DFAS	+19.68%	102.3K → 122.4K +$1.4M
3 Dimensional U.S. Targeted Value DFAT	+18.54%	122.2K → 144.9K +$1.3M
4 DISV Dimensional International Small Cap Value DISV	+17.33%	87.9K → 103.1K +$543.4K
5 Vanguard Total International Bond BNDX	+9.23%	649.6K → 709.5K +$3.0M

Decreased Positions

Position	Shares Δ	Change
1 SPDR Bloomberg 1-10 Year TIPS TIPX	Sold	210.6K → 0 −$4.0M
2 PIMCO 1-5 Year U.S. TIPS Index Fund STPZ	Sold	74.6K → 0 −$4.0M
3 iShares Core International Aggregate Bond IAGG	Sold	43.5K → 0 −$2.2M
4 GCOW Pacer Global Cash Cows Dividend GCOW	Sold	45.0K → 0 −$1.7M
5 iShares U.S. Tech Independence Focused ETF IETC	Sold	18.0K → 0 −$1.7M