FRMI Fermi Inc. - Common Stock
$5.54
Price · Aug 19, 2026
Fundamentals as of Aug 14, 2026
52W Range
$4–$37
3% of range
Analyst Rating
BUY
16 analysts
Price Target
$18
+216% upside
P/E (TTM)
-7.1
ROE
—
Net Profit Margin
—
FRMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.54
Market Cap
—
P/E (TTM)
-7.1
EPS (TTM)
$-1.13
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$4 – $37
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$-1.13
2025-12-31
→
2025-12-31
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FRMI
Peer Median
P/E (TTM)
-7.1
78.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FRMI
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FRMI
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FRMI
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FRMI
Peer Median
FRMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 4 25.0%
- Buy 9 56.2%
- Hold 3 18.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-16
Median
$14.50
Mean
$17.50
← Below all targets
$5.54
Low
$6.00
High
$35.00
Median target
$14.50
+162.0%
Mean target
$17.50
+216.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.10%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.04 | $-0.07 | 0.03% |
| March 31, 2026 | $-0.26 | $-0.05 | -0.21% |
| Dec. 31, 2025 | $-0.18 | $-0.02 | -0.16% |
| Sept. 30, 2025 | $-0.08 | $-0.03 | -0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FRMI | — | -7.1 | — | — | — | — |
| EQIX | $75.26B | 55.7 | 5.4% | 14.6% | 9.8% | — |
| DLR | $53.15B | 43.2 | 10.0% | 21.4% | 5.9% | — |
| BXDC | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 9
| Metric | Trend | 2025 |
|---|---|---|
| SG&A Expense | $178M | |
| Operating Expenses | $178M | |
| Operating Income | $-178M | |
| Other Non-op | $-312M | |
| Net Income | $-486M | |
| EPS (Basic) | $-1.13 | |
| EPS (Diluted) | $-1.13 | |
| Shares (Basic) | 467,963,408 | |
| Shares (Diluted) | 467,963,408 |
Balance Sheet 14
| Metric | Trend | 2025 |
|---|---|---|
| Cash & Equivalents | $409M | |
| PP&E (Net) | $935M | |
| PP&E (Gross) | $935M | |
| Accum. Depreciation | $0 | |
| Total Assets | $1.41B | |
| Short-term Debt | $149M | |
| Total Liabilities | $317M | |
| Long-term Debt | $110M | |
| Common Stock | $628.0K | |
| Paid-in Capital | $1.23B | |
| Retained Earnings | $-133M | |
| Stockholders' Equity | $1.10B | |
| Liabilities + Equity | $1.41B | |
| Shares Outstanding | 629,839,790 |
Cash Flow 4
| Metric | Trend | 2025 |
|---|---|---|
| Operating Cash Flow | $-34M | |
| CapEx | $569M | |
| Investing Cash Flow | $-570M | |
| Financing Cash Flow | $1.01B |
Valuation (TTM) 4
| Metric | Trend | 2025 |
|---|---|---|
| Net Income TTM | $-486M | |
| P/E | -7.1 | |
| P / Tangible Book | 4.6 | |
| Earnings Yield | -14.1% |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| SG&A Expense | $27M | $166M | $134M | $38M | |
| Operating Expenses | $27M | $166M | $134M | $38M | |
| Operating Income | $-27M | $-166M | $-134M | $-38M | |
| Other Non-op | $0 | $-25M | $-3M | $-309M | |
| Net Income | $-26M | $-189M | $-133M | $-347M | |
| EPS (Basic) | $-0.04 | $-0.30 | $-0.18 | $-0.84 | |
| EPS (Diluted) | $-0.04 | $-0.30 | $-0.18 | $-0.84 | |
| Shares (Basic) | 637,325,436 | 629,839,790 | 51,726,102 | 466,493,415 | |
| Shares (Diluted) | 637,325,436 | 629,839,790 | 51,726,102 | 466,493,415 | |
| EBITDA | $-27M | $-166M | · | $-38M |
Balance Sheet 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $63M | $208M | $409M | $84M | |
| PP&E (Net) | $1.55B | $1.43B | $935M | · | |
| PP&E (Gross) | $1.55B | $1.43B | $935M | · | |
| Accum. Depreciation | $0 | $0 | $0 | · | |
| Total Assets | $1.76B | $1.78B | $1.41B | $503M | |
| Short-term Debt | · | · | $149M | $154M | |
| Total Liabilities | $731M | $705M | $317M | $200M | |
| Long-term Debt | $520M | $421M | $149M | $154M | |
| Total Debt | · | · | · | $154M | |
| Common Stock | $638.0K | $628.0K | $628.0K | $575.0K | |
| Paid-in Capital | $1.38B | $1.39B | $1.23B | $302M | |
| Retained Earnings | $-348M | $-322M | $-133M | · | |
| Stockholders' Equity | $1.03B | $1.07B | $1.10B | $302M | |
| Liabilities + Equity | $1.76B | $1.78B | $1.41B | $503M | |
| Shares Outstanding | 638,115,075 | 629,839,790 | 629,839,790 | 574,977,840 |
Cash Flow 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| Stock-based Comp | · | $134M | · | · | |
| Operating Cash Flow | $-49M | $-7M | $-26M | $-6M | |
| CapEx | $185M | $441M | $480M | $49M | |
| Investing Cash Flow | $-185M | $-441M | $-474M | $-53M | |
| Financing Cash Flow | $82M | $283M | $725M | $202M | |
| Free Cash Flow | · | $-449M | · | · |
Profitability 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| ROA | -2.9% | -21.2% | · | -138.0% | |
| ROE | -5.0% | -35.2% | · | -229.3% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.5 |
Valuation (TTM) 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|
| Net Income TTM | $-568M | $-542M | · | · | |
| Market Cap | $5.85B | $3.68B | · | · | |
| P/E | -7.6 | · | · | · | |
| P/B | 5.7 | 3.4 | · | · | |
| P / Tangible Book | 5.7 | 3.4 | · | · | |
| P / Cash Flow | · | -500.8 | · | · | |
| P / FCF | · | -8.2 | · | · | |
| Earnings Yield | -13.1% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | |
|---|---|
| Net Income | $-486M |
| Diluted EPS | $-1.13 |
Latest News Recent headlines mentioning this company
- Fermi (FRMI) Powers 22.6% After Earning This AI Giant’s Backing
- Fermi's Chief Nuclear Officer Sold Nearly 160,000 Company Shares for $1 Million. Here's What That Means for Investors.
- Stock Market Today, May 14: Fermi Surges After "Fermi 2.0" Plan Spurs Investor Optimism
- Stock Market Today, April 20: Fermi Shares Plunge on CEO and CFO Resignations
- Fermi (FRMI) Secures Up to $156.25M in Committed Financing
- UBS Cautious on Fermi (FRMI) Outlook As It Awaits First Tenant Lease
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Institutional owners (13F) 344 filers · $1.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 155 (+48 vs prior Q) | 39 (+7 vs prior Q) | 108 (+24 vs prior Q) | 55 (+24 vs prior Q) | +92.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| SRS Investment Management, LLC | $185,083,104 | 20,205,579 | 12.30% | Shares |
| Point72 Asset Management, L.P. | $64,450,887 | 7,036,123 | 4.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $45,238,492 | 4,938,700 | 3.01% | Call option |
| MILLENNIUM MANAGEMENT LLC | $39,421,150 | 4,303,619 | 2.62% | Shares |
| ExodusPoint Capital Management, LP | $37,265,646 | 4,068,302 | 2.48% | Shares |
| Gotham Asset Management, LLC | $36,121,581 | 3,943,404 | 2.40% | Shares |
| NEXPOINT ASSET MANAGEMENT, L.P. | $36,103,929 | 3,941,477 | 2.40% | Shares |
| CITADEL ADVISORS LLC | $36,062,499 | 3,936,954 | 2.40% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $35,292,353 | 3,852,877 | 2.34% | Shares |
| BlueCrest Capital Management Ltd | $33,276,402 | 3,632,795 | 2.21% | Shares |
| GOLDMAN SACHS GROUP INC | $31,572,257 | 3,446,753 | 2.10% | Shares |
| CastleKnight Management LP | $30,154,922 | 3,292,022 | 2.00% | Shares |
| Cetera Investment Advisers | $29,045,897 | 3,170,950 | 1.93% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $28,806,395 | 3,144,803 | 1.91% | Shares |
| CITADEL ADVISORS LLC | $27,902,276 | 3,046,100 | 1.85% | Call option |
| Alyeska Investment Group, L.P. | $26,443,418 | 2,886,836 | 1.76% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $26,232,408 | 2,863,800 | 1.74% | Put option |
| ExodusPoint Capital Management, LP | $26,077,500 | 2,850,000 | 1.73% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $24,755,596 | 2,702,576 | 1.64% | Shares |
| PEAK6 LLC | $23,780,276 | 2,596,100 | 1.58% | Call option |
| JANE STREET GROUP, LLC | $23,051,140 | 2,516,500 | 1.53% | Call option |
| CITADEL ADVISORS LLC | $22,489,632 | 2,455,200 | 1.49% | Put option |
| JANE STREET GROUP, LLC | $19,634,158 | 2,143,467 | 1.30% | Shares |
| TWO SIGMA INVESTMENTS, LP | $19,530,815 | 2,132,185 | 1.30% | Shares |
| STATE STREET CORP | $19,370,863 | 2,114,723 | 1.29% | Shares |
| BANK OF AMERICA CORP /DE/ | $16,325,190 | 1,782,226 | 1.08% | Shares |
| JANE STREET GROUP, LLC | $16,270,908 | 1,776,300 | 1.08% | Put option |
| Balyasny Asset Management L.P. | $15,144,411 | 1,653,320 | 1.01% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $14,812,101 | 1,617,042 | 0.98% | Shares |
| STIFEL FINANCIAL CORP | $14,783,738 | 1,613,946 | 0.98% | Shares |
| Schonfeld Strategic Advisors LLC | $14,420,367 | 1,574,276 | 0.96% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $13,844,689 | 1,511,429 | 0.92% | Shares |
| Texas Capital Bank Wealth Management Services Inc | $13,334,001 | 1,455,677 | 0.89% | Shares |
| STEADFAST CAPITAL MANAGEMENT LP | $13,260,016 | 1,447,600 | 0.88% | Shares |
| Value Aligned Research Advisors, LLC | $12,530,834 | 1,367,995 | 0.83% | Shares |
| Walleye Trading LLC | $12,516,160 | 1,366,393 | 0.83% | Shares |
| Whetstone Capital Advisors, LLC | $12,008,778 | 1,311,002 | 0.80% | Shares |
| GROUP ONE TRADING LLC | $11,227,293 | 1,225,687 | 0.75% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $11,155,964 | 1,217,900 | 0.74% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $11,119,571 | 1,213,927 | 0.74% | Shares |
| OpenArc Corporate Advisory, LLC | $9,850,985 | 1,075,435 | 0.65% | Shares |
| Parsifal Capital Management, LP | $9,160,000 | 1,000,000 | 0.61% | Call option |
| Hiddenite Capital Partners LP | $9,160,000 | 1,000,000 | 0.61% | Call option |
| Jefferies Financial Group Inc. | $9,160,000 | 1,000,000 | 0.61% | Put option |
| ArrowMark Colorado Holdings LLC | $8,426,266 | 919,898 | 0.56% | Shares |
| Delta Global Management LP | $8,324,617 | 908,801 | 0.55% | Shares |
| Capricorn Fund Managers Ltd | $8,015,000 | 875,000 | 0.53% | Shares |
| Hiddenite Capital Partners LP | $8,015,000 | 875,000 | 0.53% | Shares |
| Verition Fund Management LLC | $7,996,378 | 872,967 | 0.53% | Shares |
| Alight Capital Management LP | $7,786,000 | 850,000 | 0.52% | Call option |
| BANK OF NOVA SCOTIA | $7,771,344 | 848,400 | 0.52% | Shares |
| Empire Life Investments Inc. | $7,594,877 | 829,135 | 0.50% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $7,549,923 | 824,227 | 0.50% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $6,870,000 | 750,000 | 0.46% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $6,791,233 | 741,401 | 0.45% | Shares |
| TITLEIST ASSET MANAGEMENT, LLC | $6,791,022 | 741,378 | 0.45% | Shares |
| Walleye Trading LLC | $6,753,668 | 737,300 | 0.45% | Put option |
| Caption Management, LLC | $6,263,608 | 683,800 | 0.42% | Call option |
| Aberdeen Group plc | $6,104,224 | 666,400 | 0.41% | Shares |
| UBS Group AG | $5,666,578 | 618,622 | 0.38% | Shares |
| Walleye Trading LLC | $5,545,464 | 605,400 | 0.37% | Call option |
| Larson Financial Group LLC | $5,504,317 | 600,908 | 0.37% | Shares |
| LAKEWOOD CAPITAL MANAGEMENT, LP | $5,496,000 | 600,000 | 0.37% | Shares |
| MILLENNIUM MANAGEMENT LLC | $5,496,000 | 600,000 | 0.37% | Call option |
| D. E. Shaw & Co., Inc. | $5,172,991 | 564,737 | 0.34% | Shares |
| Sculptor Capital LP | $4,655,112 | 508,200 | 0.31% | Shares |
| Sculptor Capital LP | $4,655,112 | 508,200 | 0.31% | Put option |
| Prime Capital Investment Advisors, LLC | $4,239,400 | 2,068,000 | 0.28% | Call option |
| Prentice Capital Management, LP | $4,232,351 | 462,047 | 0.28% | Shares |
| Davis Selected Advisers | $4,134,824 | 451,400 | 0.27% | Shares |
| Point72 Asset Management, L.P. | $4,122,000 | 450,000 | 0.27% | Call option |
| MOORE CAPITAL MANAGEMENT, LP | $3,916,871 | 427,606 | 0.26% | Shares |
| Philadelphia Financial Management of San Francisco, LLC | $3,893,000 | 425,000 | 0.26% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $3,863,194 | 421,746 | 0.26% | Shares |
| NOMURA HOLDINGS INC | $3,664,000 | 400,000 | 0.24% | Call option |
| TD Asset Management Inc | $3,604,854 | 393,543 | 0.24% | Shares |
| SCOGGIN MANAGEMENT LP | $3,435,000 | 375,000 | 0.23% | Call option |
| NICOLET BANKSHARES INC | $3,390,821 | 370,177 | 0.23% | Shares |
| Two Seas Capital LP | $3,230,466 | 352,671 | 0.21% | Shares |
| MORGAN STANLEY | $3,220,491 | 351,582 | 0.21% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $3,206,000 | 350,000 | 0.21% | Call option |
| Vennlight Capital Management, LP | $2,793,067 | 304,920 | 0.19% | Shares |
| PEAK6 LLC | $2,748,000 | 300,000 | 0.18% | Put option |
| Beartown Capital Management, LLC | $2,748,000 | 300,000 | 0.18% | Shares |
| Kultura Capital Management LP | $2,714,108 | 296,300 | 0.18% | Call option |
| Brevan Howard Capital Management LP | $2,714,016 | 296,290 | 0.18% | Shares |
| Squarepoint Ops LLC | $2,711,442 | 296,009 | 0.18% | Shares |
| Burford Brothers, Inc. | $2,696,851 | 294,416 | 0.18% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,464,040 | 269,000 | 0.16% | Call option |
| Sovereign's Capital Management, LLC | $2,399,711 | 262,185 | 0.16% | Shares |
| Anson Funds Management LP | $2,381,600 | 260,000 | 0.16% | Shares |
| SIMPLEX TRADING, LLC | $2,313,916 | 252,611 | 0.15% | Shares |
| Arrow Capital Management, LLC | $2,290,000 | 250,000 | 0.15% | Shares |
| Lloyd Harbor Capital Management, LLC | $2,290,000 | 250,000 | 0.15% | Shares |
| GRIZZLYROCK CAPITAL, LLC | $2,230,460 | 243,500 | 0.15% | Shares |
| Holocene Advisors, LP | $2,156,127 | 235,385 | 0.14% | Shares |
| Moors & Cabot, Inc. | $2,114,897 | 230,884 | 0.14% | Shares |
| LEVIN CAPITAL STRATEGIES, L.P. | $2,054,973 | 224,342 | 0.14% | Shares |
| MONEY CONCEPTS CAPITAL CORP | $2,035,041 | 222,166 | 0.14% | Shares |
| Verition Fund Management LLC | $2,015,200 | 220,000 | 0.13% | Call option |
Company insiders 10 insiders · 5 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Lee A Mcintire | Chief Executive Officer | Aug. 14, 2026 A | 784,913 | 0 | 0 | $0 |
| Blanes Jacobo Ortiz | Chief Operating Officer | April 9, 2026 S | 5,469,092 | 0 | 2 | $-3,938,729 |
| Mesut Uzman | Chief Nuclear Constr. Officer | June 3, 2026 S | 670,491 | 0 | 2 | $-1,000,394 |
| Lawrence M. Kellerman | Chief Power Officer | June 1, 2026 A | 35,818 | 0 | 0 | $0 |
| Charles Lynn Hamilton | Chief Site Development Officer | April 9, 2026 S | 5,525,910 | 0 | 2 | $-3,669,395 |
| James Richard Perry | Director | June 30, 2026 S | 15,827,807 | 0 | 1 | $-6,313,186 |
| Miles E. Everson | Director | June 1, 2026 A | 10,005,519 | 0 | 2 | $-3,935,415 |
| Cordel Robbin-Coker | Director | June 1, 2026 A | 175,094 | 0 | 0 | $0 |
| Jeffrey Scott Stein | Director | June 1, 2026 A | 250,000 | 0 | 0 | $0 |
| Marius Haas | Director | June 1, 2026 A | 1,075,094 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Caddis Holdings, LP, Perry Griffin ×3 filings | July 8, 2026 | 8.20% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 25 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SOVF · Elevation Series Trust | 0.81% | 148,963 NS | April 30, 2026 | N-PORT |
| SPRE · Tidal Trust I | 0.38% | 111,741 NS | May 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.10% | 134,828 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.04% | 6,988 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.03% | 12,171 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.02% | 593 SH | Aug. 8, 2026 | Daily |
| NFRA · FlexShares Trust | 0.02% | 125,280 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.02% | 102,388 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.01% | 308,577 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 2,198,127 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.01% | 628,805 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.01% | 696,908 SH | Aug. 8, 2026 | Daily |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 156,488 NS | May 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 123,692 SH | Aug. 8, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.01% | 11,472 NS | May 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.01% | 830,055 SH | Aug. 8, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.01% | 2,585 NS | May 29, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.00% | 36,797 SH | Aug. 8, 2026 | Daily |
| IWD · iShares Trust | 0.00% | 455,064 SH | Aug. 8, 2026 | Daily |
| IWB · iShares Trust | 0.00% | 142,219 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 55,789 SH | Aug. 8, 2026 | Daily |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,597 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,041,000 SH | Aug. 8, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 33,791 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 17,327 SH | Aug. 8, 2026 | Daily |