# EDGAR Filing Document

**Accession Number:** 0001910389
**File Stem:** 0001951757-26-000312
**Filing Date:** 2026-1
**Character Count:** 9024
**Document Hash:** c0ad1037c025c1891f203fbf32a6c1d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-26-000312.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001951757-26-000312

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**EFFECTIVENESS DATE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DRAVO BAY LLC
- **CENTRAL INDEX KEY:** 0001910389

**ORGANIZATION NAME:**
- **EIN:** 831605610
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22207
- **FILM NUMBER:** 26565713

**BUSINESS ADDRESS:**
- **STREET 1:** 37458 OYSTER HOUSE ROAD
- **CITY:** REHOBOTH BEACH
- **STATE:** DE
- **ZIP:** 19971
- **BUSINESS PHONE:** (302) 752-6637

**MAIL ADDRESS:**
- **STREET 1:** 37458 OYSTER HOUSE ROAD
- **CITY:** REHOBOTH BEACH
- **STATE:** DE
- **ZIP:** 19971

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DRAVO BAY LLC<br>**Address:** 37458 OYSTER HOUSE ROAD<br>REHOBOTH BEACH, DE 19971

**Form 13F File Number:** 028-22207

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kelly Wilson<br>**Title:** Chief Compliance Officer<br>**Phone:** (302) 752-6637

**Signature, Place, and Date of Signing:**

Kelly Wilson  Rehoboth Beach, DE  01-27-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 51

**Form 13F Information Table Value Total:** $240655428

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC | COM | 023135106 |  | 282754 | 1225 | SH |  | DFND | 1.0 | 0 | 0 | 1225 |
| APPLE INC | COM | 037833100 |  | 930613 | 3423 | SH |  | DFND | 1.0 | 0 | 0 | 3423 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 979538 | 5323 | SH |  | SOLE |  | 0 | 0 | 5323 |
| DEERE  CO | COM | 244199105 |  | 218818 | 470 | SH |  | DFND | 1.0 | 0 | 0 | 470 |
| ISHARES TR | CORE S ETF | 464287200 |  | 625350 | 913 | SH |  | SOLE |  | 0 | 0 | 913 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 790438 | 4362 | SH |  | DFND | 1.0 | 0 | 0 | 4362 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 608327 | 1883 | SH |  | DFND | 1.0 | 0 | 0 | 1883 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 953791 | 8939 | SH |  | DFND | 1.0 | 0 | 0 | 8939 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 270739 | 2812 | SH |  | DFND | 1.0 | 0 | 0 | 2812 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 4860330 | 45377 | SH |  | DFND | 1.0 | 0 | 0 | 45377 |
| MICROSOFT CORP | COM | 594918104 |  | 335196 | 693 | SH |  | DFND | 1.0 | 0 | 0 | 693 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 325541 | 12411 | SH |  | SOLE |  | 0 | 0 | 12411 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1064607 | 39562 | SH |  | DFND | 1.0 | 0 | 0 | 39562 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 39597042 | 1213888 | SH |  | DFND | 1.0 | 0 | 0 | 1213888 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 38043562 | 1284821 | SH |  | DFND | 1.0 | 0 | 0 | 1284821 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 375566 | 15623 | SH |  | SOLE |  | 0 | 0 | 15623 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 357640 | 4538 | SH |  | SOLE |  | 0 | 0 | 4538 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 833213 | 11249 | SH |  | DFND | 1.0 | 0 | 0 | 11249 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 23071063 | 369314 | SH |  | DFND | 1.0 | 0 | 0 | 369314 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 403865 | 2814 | SH |  | DFND | 1.0 | 0 | 0 | 2814 |
| VANGUARD WHITEHALL FDS | EM MK GOV BD ETF | 921946885 |  | 493289 | 7316 | SH |  | DFND | 1.0 | 0 | 0 | 7316 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 6807748 | 126632 | SH |  | DFND | 1.0 | 0 | 0 | 126632 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 6335484 | 125979 | SH |  | DFND | 1.0 | 0 | 0 | 125979 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 1432150 | 4740 | SH |  | DFND | 1.0 | 0 | 0 | 4740 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1411664 | 6665 | SH |  | DFND | 1.0 | 0 | 0 | 6665 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 9747184 | 19979 | SH |  | DFND | 1.0 | 0 | 0 | 19979 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 8356304 | 43753 | SH |  | DFND | 1.0 | 0 | 0 | 43753 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 242473 | 940 | SH |  | SOLE |  | 0 | 0 | 940 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 241027 | 770 | SH |  | DFND | 1.0 | 0 | 0 | 770 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 9905525 | 142178 | SH |  | SOLE |  | 0 | 0 | 142178 |
| DIMENSIONAL ETF TRUST | GLOBAL CR ETF | 25434V567 |  | 13082502 | 241207 | SH |  | SOLE |  | 0 | 0 | 241207 |
| DIMENSIONAL ETF TRUST | ULTRASHORT FIXED | 25434V591 |  | 4367656 | 86232 | SH |  | SOLE |  | 0 | 0 | 86232 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 3733358 | 110651 | SH |  | SOLE |  | 0 | 0 | 110651 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 10457528 | 275198 | SH |  | SOLE |  | 0 | 0 | 275198 |
| DIMENSIONAL ETF TRUST | SHORT DURATION F | 25434V864 |  | 13179584 | 274861 | SH |  | SOLE |  | 0 | 0 | 274861 |
| DIMENSIONAL ETF TRUST | CORE FIXED INCOM | 25434V872 |  | 13598476 | 319513 | SH |  | SOLE |  | 0 | 0 | 319513 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 286264 | 3319 | SH |  | DFND | 1.0 | 0 | 0 | 3319 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 936610 | 9947 | SH |  | DFND | 1.0 | 0 | 0 | 9947 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 2935053 | 32809 | SH |  | DFND | 1.0 | 0 | 0 | 32809 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 4451281 | 66220 | SH |  | DFND | 1.0 | 0 | 0 | 66220 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 6491445 | 78703 | SH |  | DFND | 1.0 | 0 | 0 | 78703 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 379903 | 2037 | SH |  | DFND | 1.0 | 0 | 0 | 2037 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 265267 | 389 | SH |  | SOLE |  | 0 | 0 | 389 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 |  | 566561 | 12103 | SH |  | DFND | 1.0 | 0 | 0 | 12103 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 1467884 | 33053 | SH |  | DFND | 1.0 | 0 | 0 | 33053 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A284 |  | 1643795 | 65910 | SH |  | DFND | 1.0 | 0 | 0 | 65910 |
| SPDR SERIES TRUST | BLOOMBERG EMERGI | 78464A391 |  | 439453 | 20564 | SH |  | DFND | 1.0 | 0 | 0 | 20564 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 385760 | 3615 | SH |  | SOLE |  | 0 | 0 | 3615 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 318171 | 5601 | SH |  | SOLE |  | 0 | 0 | 5601 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 246194 | 9535 | SH |  | DFND | 1.0 | 0 | 0 | 9535 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 |  | 1521842 | 29770 | SH |  | DFND | 1.0 | 0 | 0 | 29770 |

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