Sector breakdown

04
Technology 6.7%
Financials 4.3%
Consumer Discretionary 1.1%
Communication Services 1.0%
Industrials 0.9%
Retail 0.2%
Healthcare 0.1%
Other/Unmapped 85.7%

Full portfolio 162 positions

05
Type Streak 8Q trend
IVV iShares Trust $20,598,218 5.14% 27,505 $12,426,084 Up ×4
SOXX iShares Trust $17,845,166 4.45% 27,850 $8,691,985
QQQ Invesco QQQ Trust, Series 1 $15,189,008 3.79% 20,626 $1,639,130 Down ×2
DIVB iShares Trust $11,353,124 2.83% 184,304 $1,387,691 Down ×1
VLU State Street SPDR S&P 1500 Value Tilt ETF $11,303,708 2.82% 47,453 $1,189,050 Up ×4
VBIL Vanguard 0-3 Month Treasury Bill ETF $10,421,136 2.60% 137,700 Up ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $9,577,430 2.39% 108,983 $1,645,661 Up ×3
ILCV iShares Morningstar Large-Cap Value ETF $8,494,036 2.12% 83,900 $679,590
XLK SELECT SECTOR SPDR TRUST $8,179,680 2.04% 42,933 $2,434,504 Down ×1
IVW iShares S&P 500 Growth ETF $7,659,730 1.91% 55,694 $2,700,293 Up ×4
SOXQ Invesco PHLX Semiconductor ETF $7,611,590 1.90% 67,900 $3,557,960
DJD Invesco Exchange-Traded Fund Trust $7,579,052 1.89% 119,600 $1,001,678 Up ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $7,488,500 1.87% 10 $307,100
DYNF BlackRock ETF Trust $6,941,825 1.73% 102,070 $2,307,488 Up ×5
EMXC iShares MSCI Emerging Markets ex China ETF $6,853,491 1.71% 66,994
SPY SPY $6,216,846 1.55% 8,319 $990,221 Up ×1
VOOG Vanguard S&P 500 Growth ETF $6,157,591 1.54% 74,529 $977,483 Up ×1
VEU Vanguard FTSE All World Ex US ETF $6,155,625 1.54% 73,500 $635,775
IVE iShares Trust $6,120,317 1.53% 26,954 $452,686 Up ×6
RWL Invesco Exchange-Traded Fund Trust II $6,053,909 1.51% 47,385 $689,104 Up ×5
VEA Vanguard FTSE Developed Markets ETF $5,477,481 1.37% 76,876 $70,528 Down ×1
VUG Vanguard Morningstar Growth ETF $5,028,685 1.25% 58,378 $267,933 Up ×6
IUSB iShares Core Universal USD Bond ETF $4,807,039 1.20% 104,161 $1,585,874 Up ×3
VOX Vanguard Communication Services ETF $4,779,575 1.19% 25,983 $91,506 Down ×1
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $4,440,315 1.11% 8,500 $503,200
GS Goldman Sachs Group, Inc. (The) Common Stock $4,380,301 1.09% 4,331 $676,513 Down ×1
BAI iShares A.I. Innovation and Tech Active ETF $4,370,486 1.09% 82,900 $2,091,333 Up ×4
VTV Vanguard Morningstar Value ETF $4,319,118 1.08% 19,818 $-18,857 Down ×1
SMH SMH $4,215,426 1.05% 6,427 $62,809 Down ×3
IEMG iShares, Inc. $4,126,012 1.03% 49,806 $-515,162 Down ×1
VTWO Vanguard Russell 2000 ETF $4,124,334 1.03% 33,967 $2,536,285 Up ×2
XBI SPDR SERIES TRUST $4,119,113 1.03% 26,029 $1,604,870 Up ×3
JAAA Janus Henderson AAA CLO ETF $4,050,856 1.01% 80,228 $150,768 Up ×5
VTI Vanguard Morningstar Total Stock Market ETF $4,034,227 1.01% 10,902 $642,912 Up ×3
NVDA NVIDIA Corporation - Common Stock $3,867,393 0.96% 19,328 $957,818 Up ×5
EFG iShares Trust $3,676,382 0.92% 29,548 $1,152,953 Up ×1
XLF SELECT SECTOR SPDR TRUST $3,211,239 0.80% 59,900 $253,976
XLI SELECT SECTOR SPDR TRUST $3,117,792 0.78% 16,832 $1,648,152 Up ×1
VLUE iShares MSCI USA Value Factor ETF $3,103,840 0.77% 15,534 $454,549 Down ×1
MTUM iShares Trust $3,022,122 0.75% 8,815 $773,962 Down ×1
BNDX Vanguard Total International Bond ETF $3,011,701 0.75% 62,186 $299,745 Up ×6
IJR iShares Trust $2,825,074 0.70% 19,048 $341,162 Down ×1
IWM iShares Russell 2000 Index Fund $2,789,248 0.70% 9,283 $447,517 Down ×3
BLCR iShares Large Cap Core Active ETF $2,752,138 0.69% 54,638 $1,098,652 Up ×1
VYMI Vanguard International High Dividend Yield ETF $2,714,918 0.68% 27,646 $1,537,455 Up ×2
PWR Quanta Services, Inc. Common Stock $2,708,789 0.68% 3,762 $674,670 Up ×2
CORO iShares International Country Rotation Active ETF $2,707,659 0.68% 73,980 Up ×1
VDC Vanguard Consumer Staples ETF $2,625,605 0.66% 11,644 $-6,590 Down ×1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $2,615,434 0.65% 27,700 Up ×1
MU Micron Technology, Inc. - Common Stock $2,569,951 0.64% 2,226 $2,024,865 Up ×1
IDEF iShares Defense Industrials Active ETF $2,492,143 0.62% 78,418 $698,637 Up ×1
KRE SPDR SERIES TRUST $2,387,715 0.60% 31,900 $309,430
HEFA iShares Currency Hedged MSCI EAFE ETF $2,370,323 0.59% 50,513 $141,721 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,310,801 0.58% 4,618 $97,856
VGT Vanguard Information Tech ETF $2,296,100 0.57% 19,211 $-471,749 Up ×2
CGGR Capital Group Growth ETF $2,270,506 0.57% 48,104 $690,721 Up ×2
BSV VANGUARD BOND INDEX FUNDS $2,190,716 0.55% 28,118 $166,806 Up ×6
VWO Vanguard FTSE Emerging Markets ETF $2,036,045 0.51% 34,110 $30,073 Down ×1
VCSH Vanguard Short-Term Corporate Bond ETF $2,033,047 0.51% 25,725 $-3,716 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $2,027,213 0.51% 38,127 $-401,806 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,995,099 0.50% 4,177 $787,318 Up ×1
VXUS Vanguard Total International Stock ETF $1,995,024 0.50% 23,336 $275,386 Up ×6
THRO iShares U.S. Thematic Rotation Active ETF $1,992,302 0.50% 46,214 $-190,003 Down ×1
IBDX iShares iBonds Dec 2032 Term Corporate ETF $1,962,909 0.49% 77,924 $-180,868 Down ×2
EFV iShares Trust $1,945,813 0.49% 25,418 $-1,974,618 Down ×1
DIVI Franklin Templeton ETF Trust $1,922,400 0.48% 45,000 $130,950
MSFT Microsoft Corporation - Common Stock $1,902,503 0.47% 5,100 $136,113 Up ×4
BND Vanguard Total Bond Market ETF $1,896,416 0.47% 25,833 $124,028 Up ×4
SPHQ Invesco S&P 500 Quality ETF $1,890,039 0.47% 20,977 Up ×1
ILCG iShares Morningstar Large-Cap Growth ETF $1,822,024 0.45% 15,570 $338,728 Up ×3
RSP Invesco Exchange-Traded Fund Trust $1,798,764 0.45% 8,454 Up ×1
AVGO Broadcom Inc. - Common Stock $1,741,210 0.43% 4,609 $649,144 Up ×4
V Visa Inc. $1,692,593 0.42% 4,933 $183,131 Down ×1
LRCX Lam Research Corporation - Common Stock $1,654,997 0.41% 3,818 $895,712 Up ×2
INTC Intel Corporation - Common Stock $1,644,982 0.41% 11,781 $1,197,504 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,618,999 0.40% 2,787 $1,152,536 Up ×1
NFLX Netflix, Inc. - Common Stock $1,551,950 0.39% 21,736 $-438,644 Up ×1
KLAC KLA Corporation - Common Stock $1,520,004 0.38% 5,037 $821,964 Up ×2
AMAT Applied Materials, Inc. - Common Stock $1,464,090 0.37% 2,025 $877,918 Up ×1
IBDW iShares iBonds Dec 2031 Term Corporate ETF $1,261,073 0.31% 60,512
AAPL Apple Inc. - Common Stock $1,256,626 0.31% 4,342 $309,686 Up ×6
ITA iShares U.S. Aerospace & Defense ETF $1,217,918 0.30% 5,024 $-1,114,654 Down ×2
VB Vanguard Morningstar Small-Cap ETF $1,176,560 0.29% 3,881 $28,700 Down ×1
XLSR SSGA Active Trust $1,167,611 0.29% 18,002 $140,208 Up ×6
TLH iShares 10-20 Year Treasury Bond ETF $1,151,636 0.29% 11,476 $-143,152 Down ×1
BIV VANGUARD BOND INDEX FUNDS $1,141,418 0.28% 14,881 $-104,244 Down ×1
GOVT iShares Trust $1,109,169 0.28% 48,690 $46,320 Up ×1
VGSH Vanguard Short-Term Treasury ETF $1,108,244 0.28% 19,042 $47,736 Up ×1
FDVV FIDELITY COVINGTON TRUST $1,071,295 0.27% 17,769 $100,177 Up ×1
BLV VANGUARD BOND INDEX FUNDS $1,055,613 0.26% 15,314 $73,228 Up ×6
ANET Arista Networks, Inc. Common Stock $1,052,747 0.26% 6,197 Up ×1
VMBS Vanguard Mortgage-Backed Securities ETF $1,048,180 0.26% 22,392 $76,158 Up ×6
JPM JP Morgan Chase & Co. Common Stock $1,010,649 0.25% 3,087 $102,578
ITB iShares U.S. Home Construction ETF $992,560 0.25% 9,500 $132,335
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF $962,777 0.24% 20,971 Up ×1
SCHI SCHWAB STRATEGIC TRUST $961,745 0.24% 42,480 $545,816 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $958,770 0.24% 2,682 $329,080 Up ×1
MBB iShares MBS ETF $953,468 0.24% 10,087 $73,648 Up ×5
IALT iShares Systematic Alternatives Active ETF $938,960 0.23% 33,474 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $935,037 0.23% 470 $393,497 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
IVV $20,598,218 5.14% up ×4
VLU $11,303,708 2.82% up ×4
SPYM $9,577,430 2.39% up ×3
IVW $7,659,730 1.91% up ×4
DYNF $6,941,825 1.73% up ×5
IVE $6,120,317 1.53% up ×6
RWL $6,053,909 1.51% up ×5
VUG $5,028,685 1.25% up ×6
IUSB $4,807,039 1.20% up ×3
BAI $4,370,486 1.09% up ×4
XBI $4,119,113 1.03% up ×3
JAAA $4,050,856 1.01% up ×5
VTI $4,034,227 1.01% up ×3
NVDA $3,867,393 0.96% up ×5
BNDX $3,011,701 0.75% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VBIL $10,421,136 137,700 2.60%
EMXC $6,853,491 66,994 1.71%
CORO $2,707,659 73,980 0.68%
GSEW $2,615,434 27,700 0.65%
SPHQ $1,890,039 20,977 0.47%
RSP $1,798,764 8,454 0.45%
IBDW $1,261,073 60,512 0.31%
ANET $1,052,747 6,197 0.26%
GIGB $962,777 20,971 0.24%
IALT $938,960 33,474 0.23%
GGOV $652,514 12,975 0.16%
SMMD $514,049 5,610 0.13%
EFA $469,434 4,519 0.12%
RSPT $451,331 6,997 0.11%
DSI $420,968 2,956 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +15K +$12.4M
SOXX Price move only +0 +$8.7M
SOXQ Price move only +0 +$3.6M
IVW Bought more +12K +$2.7M
VTWO Bought more +18K +$2.5M
XLK Trimmed -296 +$2.4M
DYNF Bought more +22K +$2.3M
BAI Bought more +14K +$2.1M
MU Bought more +613 +$2.0M
EFV Trimmed -27K -$2.0M

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
QUAL June 30, 2026 18,845 $3,614,795
FDMO Sept. 30, 2025 44,100 $3,345,426
OEF March 31, 2026 8,733 $2,995,462
VOT March 31, 2026 8,000 $2,233,120
COST June 30, 2026 2,096 $2,088,540 -1.6%
EZU Sept. 30, 2025 33,041 $1,964,287
FNGS June 30, 2026 28,100 $1,675,041 13.9%
VCLT Dec. 31, 2025 20,709 $1,608,054
BSJS Dec. 31, 2025 58,124 $1,283,383
XLV Sept. 30, 2025 8,624 $1,162,468 19.4%
ECL Dec. 31, 2025 3,471 $950,568 4.3%
ITW Dec. 31, 2025 3,626 $946,101 6.7%
BSJQ Sept. 30, 2025 40,476 $944,311
DFUV Sept. 30, 2025 20,532 $868,098
IBHF Dec. 31, 2025 33,870 $792,224
CTAS March 31, 2026 4,198 $789,555 14.1%
IAGG June 30, 2026 15,359 $768,604
XHS Sept. 30, 2025 7,600 $756,580
UNH March 31, 2026 2,222 $733,504 37.4%
EFG Sept. 30, 2025 6,081 $681,106
BSX March 31, 2026 7,028 $670,120 -32.1%
JEPQ June 30, 2026 11,302 $627,488
UWM Sept. 30, 2025 16,064 $605,415
SHYG Sept. 30, 2025 13,390 $577,645
VHT Sept. 30, 2025 2,195 $545,107
SHY Dec. 31, 2025 6,558 $544,051
BINC June 30, 2026 10,457 $543,087
BX March 31, 2026 3,307 $509,741 -2.8%
UNH Sept. 30, 2025 1,616 $504,144 7.7%
IYW Sept. 30, 2025 2,876 $498,355 35.9%
MO Sept. 30, 2025 8,200 $480,766 2.0%
BAX June 30, 2025 13,900 $475,797 -22.4%
FMAT Sept. 30, 2025 9,314 $464,491
USHY June 30, 2026 12,556 $462,597
SHV June 30, 2026 4,087 $451,161
EMXC June 30, 2025 8,056 $443,858
FISR Sept. 30, 2025 16,996 $439,192
SPMO Sept. 30, 2025 3,841 $432,042
DLN Sept. 30, 2025 5,186 $425,978
BIL June 30, 2025 4,321 $396,372
AGG June 30, 2026 3,390 $336,533
XMHQ Sept. 30, 2025 3,385 $332,540
BIL June 30, 2026 3,090 $283,167
SPLB Sept. 30, 2025 12,499 $282,119
GLD June 30, 2025 976 $281,225
GEHC June 30, 2025 3,300 $266,343 -13.2%
ABBV March 31, 2026 1,158 $264,790 20.8%
FNGS Sept. 30, 2025 4,000 $260,600 18.1%
SCHR June 30, 2025 9,984 $248,221 -4.9%
VOO June 30, 2026 399 $238,423
CERY Dec. 31, 2025 8,297 $237,694
DSI March 31, 2026 1,795 $231,273
FLDR Sept. 30, 2025 4,576 $229,123
FDLO Sept. 30, 2025 3,473 $218,105
GLD June 30, 2026 505 $217,297
TSLA March 31, 2026 480 $215,926 -0.3%
CWB March 31, 2026 2,418 $215,685
HYDB Dec. 31, 2025 4,497 $215,159
FTEC March 31, 2026 934 $209,841
SPYG Sept. 30, 2025 2,197 $209,430
IBDW March 31, 2026 9,848 $208,282
BLES March 31, 2026 4,759 $205,625
SHYG March 31, 2026 4,722 $202,461
TOTL June 30, 2025 5,019 $202,216
IBDW June 30, 2025 9,673 $200,718