Mills Wealth Advisors LLC

RIA/Wealth

Mills Wealth Advisors LLC is a RIA/Wealth based in Southlake, TX led by Michael Alan Mills, reporting $440.1M in AUM as of Q3 2025 with 92% ETF concentration, 69% concentrated in top 10 holdings, and 17% allocation to DFAC.

PresidentMichael Alan Mills

Portfolio Value: $206.7M
Positions: 66
Top Holding: DFAC at 17.42%
Last Reported: Q3 2025

Address1207 S. White Chapel Blvd, Suite 150, Southlake, TX, 76092, United States

Top Holdings

Largest long holdings in Mills Wealth Advisors LLC's portfolio (68.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$36.0M	17.42%	+$692.5K Bought	— 933.7K shares	Q4 2022 Held for 2y 11m
2 VCRB Vanguard Core Bond VCRB	ETF ETF	$31.2M	15.11%	+$818.0K Bought	— 398.3K shares	Q4 2023 Held for 1y 11m
3 Dimensional US High Profitability DUHP	ETF ETF	$17.6M	8.52%	+$517.0K Bought	— 466.3K shares	Q4 2022 Held for 2y 11m
4 Dimensional International Core Equity 2 DFIC	ETF ETF	$15.3M	7.38%	+$741.6K Bought	— 465.2K shares	Q4 2022 Held for 2y 11m
5 Dimensional International High Profitability DIHP	ETF ETF	$11.2M	5.43%	+$439.5K Bought	— 369.1K shares	Q4 2022 Held for 2y 11m
6 Dimensional Emerging Markets Core Equity 2 DFEM	ETF ETF	$10.2M	4.92%	+$74.1K Bought	— 316.9K shares	Q4 2022 Held for 2y 11m
7 DFSD Dimensional Short-Duration Fixed Income DFSD	ETF ETF	$5.3M	2.58%	+$1.0M Bought	— 110.6K shares	Q1 2025 Held for 8 months
8 DISV Dimensional International Small Cap Value DISV	ETF ETF	$5.1M	2.47%	+$100.4K Bought	— 143.1K shares	Q4 2022 Held for 2y 11m
9 Dimensional Emerging Markets Value DFEV	ETF ETF	$5.1M	2.45%	+$270.6K Bought	— 159.1K shares	Q4 2022 Held for 2y 11m
10 Dimensional U.S. Targeted Value DFAT	ETF ETF	$4.9M	2.38%	+$216.2K Bought	— 84.5K shares	Q4 2022 Held for 2y 11m

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Changes

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

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Market Value

$206.7M

Prior: $189.1M

Q/Q Change

+9.3%

+$17.6M

Net Flows % of MV

+3.84%

Turnover Ratio

4.12%

New Purchases

3 stocks

$1.8M

Added To

31 stocks

+$10.3M

Sold Out Of

3 stocks

$1.3M

Reduced Holdings

18 stocks

-$2.9M

Increased Positions

Position	Shares Δ	Change
1 SPDR Bloomberg 3-12 Month T-Bill BILS	New	0 → 13.8K +$1.4M
2 SPDR S&P 500 ETF Trust SPY	New	0 → 388.0 +$258.7K
3 Alphabet Inc. GOOGL	New	0 → 853.0 +$207.3K
4 iShares 0-3 Month Treasury Bond SGOV	+282.29%	8.1K → 31.0K +$2.3M
5 McDonald's MCD	+76.47%	1.2K → 2.1K +$273.5K

Decreased Positions

Position	Shares Δ	Change
1 Dimensional Ultrashort Fixed Income DUSB	Sold	16.2K → 0 −$824.0K
2 Medtronic MDT	Sold	2.8K → 0 −$245.4K
3 Amazon AMZN	Sold	920.0 → 0 −$201.9K
4 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	-68.58%	23.6K → 7.4K −$1.5M
5 MVPA Miller Value Partners Appreciation MVPA	-30.09%	19.8K → 13.8K −$206.2K