Sector breakdown

04
Technology 18.9%
Industrials 6.7%
Healthcare 6.3%
Financials 6.0%
Retail 5.2%
Energy 3.3%
Communication Services 2.9%
Consumer Discretionary 2.5%
Consumer Staples 1.8%
Utilities 1.6%
Consumer products 1.5%
Materials 0.3%
Real Estate 0.1%
Other/Unmapped 43.0%

Full portfolio 558 positions

05
Type Streak 8Q trend
SPY SPY $42,105,078 12.55% 56,383 $5,246,388 Down ×3
AAPL Apple Inc. - Common Stock $18,225,208 5.43% 62,987 $1,804,082 Down ×3
NVDA NVIDIA Corporation - Common Stock $17,307,111 5.16% 86,497 $2,005,803 Down ×4
VTHR Vanguard Russell 3000 ETF $11,966,227 3.57% 36,106 $2,582,265 Up ×6
MSFT Microsoft Corporation - Common Stock $9,020,431 2.69% 24,183 $220,329 Up ×1
AMZN Amazon.com, Inc. - Common Stock $8,805,405 2.62% 36,945 $1,075,115 Down ×2
CAT Caterpillar, Inc. Common Stock $7,445,752 2.22% 6,992 $2,092,673 Down ×6
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $6,661,135 1.98% 9,471 $748,345 Down ×3
JPM JP Morgan Chase & Co. Common Stock $6,511,000 1.94% 19,892 $586,579 Down ×6
IWF iShares Russell 1000 Growth Fund $5,732,599 1.71% 46,168 $850,513 Up ×1
IBDW iShares iBonds Dec 2031 Term Corporate ETF $5,402,733 1.61% 259,253 $286,624 Up ×6
AMAT Applied Materials, Inc. - Common Stock $5,352,369 1.59% 7,403 $2,761,359 Down ×2
JNJ Johnson & Johnson Common Stock $5,001,104 1.49% 19,692 $125,073 Down ×6
IJR iShares Trust $4,699,321 1.40% 31,686 $712,235 Down ×6
AGG iShares Trust $4,503,287 1.34% 45,497 $1,105,976 Up ×2
LLY Eli Lilly and Company Common Stock $4,368,257 1.30% 3,642 $912,709 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,351,829 1.30% 8,697 $169,878 Down ×3
TIP iShares TIPS Bond ETF $4,214,237 1.26% 38,511 $1,168,541 Up ×1
IBDV iShares iBonds Dec 2030 Term Corporate ETF $3,771,486 1.12% 173,088 $186,454 Up ×6
PG Procter & Gamble Company (The) Common Stock $3,757,891 1.12% 25,627 $-27,825 Down ×3
IBDU iShares Trust $3,666,719 1.09% 158,394 $135,766 Up ×6
XLK SELECT SECTOR SPDR TRUST $3,478,874 1.04% 18,260 $1,026,754 Down ×2
IBDX iShares iBonds Dec 2032 Term Corporate ETF $3,478,854 1.04% 138,162 $191,232 Up ×6
ABBV AbbVie Inc. Common Stock $3,454,224 1.03% 13,727 $423,110 Down ×6
VUG Vanguard Morningstar Growth ETF $3,414,756 1.02% 39,642 $561,278 Up ×6
AMD Advanced Micro Devices, Inc. - Common Stock $3,337,245 0.99% 5,745 $2,128,898 Down ×5
IBDY iShares iBonds Dec 2033 Term Corporate ETF $3,298,253 0.98% 128,140 $225,446 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $3,234,857 0.96% 5,743 $47,572 Up ×1
HD Home Depot, Inc. (The) Common Stock $3,155,998 0.94% 8,949 $133,634 Down ×6
IBDT iShares Trust $3,108,518 0.93% 123,112 $34,338 Up ×6
CSCO Cisco Systems, Inc. - Common Stock $3,088,800 0.92% 26,297 $822,827 Down ×6
XOM Exxon Mobil Corporation Common Stock $3,063,304 0.91% 22,406 $-835,602 Down ×3
VTI Vanguard Morningstar Total Stock Market ETF $3,053,114 0.91% 8,251 $404,270 Down ×1
SMH SMH $2,706,176 0.81% 4,126 $1,081,782 Down ×1
INTC Intel Corporation - Common Stock $2,690,224 0.80% 19,267 $1,830,507 Down ×6
MCD McDonald's Corporation Common Stock $2,625,391 0.78% 9,713 $-666,656 Down ×6
WMT Walmart Inc. - Common Stock $2,540,274 0.76% 22,429 $-295,762 Down ×6
CVX Chevron Corporation Common Stock $2,470,947 0.74% 14,907 $-624,043 Down ×4
IBCA iShares iBonds Dec 2035 Term Corporate ETF $2,361,973 0.70% 92,232 $259,462 Up ×4
IBM International Business Machines Corporation Common Stock $2,309,764 0.69% 8,214 $302,312 Down ×4
KO Coca-Cola Company (The) Common Stock $2,239,433 0.67% 27,556 $81,000 Down ×6
PEP PepsiCo, Inc. - Common Stock $2,218,095 0.66% 16,382 $-419,909 Down ×6
TSLA Tesla, Inc. - Common Stock $2,055,376 0.61% 4,887 $288,852 Up ×1
WM Waste Management, Inc. Common Stock $2,043,775 0.61% 9,170 $-94,382 Down ×6
OEF iShares Trust $2,028,689 0.60% 5,545 $264,994
VEA Vanguard FTSE Developed Markets ETF $1,993,163 0.59% 27,975 $299,649 Up ×3
LMT Lockheed Martin Corporation Common Stock $1,956,248 0.58% 3,840 $-382,093 Down ×6
VO Vanguard Morningstar Mid-Cap ETF $1,945,522 0.58% 24,150 $211,591 Up ×1
NEE NextEra Energy, Inc. Common Stock $1,922,214 0.57% 21,901 $-184,734 Down ×6
QCOM QUALCOMM Incorporated - Common Stock $1,582,323 0.47% 8,563 $471,109 Down ×6
GEV GE Vernova Inc. Common Stock $1,566,066 0.47% 1,333 $409,485 Up ×1
DYNF BlackRock ETF Trust $1,557,107 0.46% 22,896 Up ×1
PSX Phillips 66 Common Stock $1,449,918 0.43% 8,577 $-127,736 Down ×6
COST Costco Wholesale Corporation - Common Stock $1,338,625 0.40% 1,431 $-107,152 Down ×3
IWD iShares Russell 1000 Value ETF $1,299,909 0.39% 5,362 $152,930 Down ×2
V Visa Inc. $1,211,053 0.36% 3,530 $117,606 Down ×5
BBUS J.P. Morgan Exchange-Traded Fund Trust $1,140,343 0.34% 8,465 $237,404 Up ×6
BMY Bristol-Myers Squibb Company Common Stock $1,135,518 0.34% 19,711 $-81,153 Down ×6
MS Morgan Stanley Common Stock $1,134,860 0.34% 5,429 $226,620 Down ×4
SPMO Invesco S&P 500 Momentum ETF $1,134,611 0.34% 7,024 $462,436 Up ×3
IBDS iShares Trust $1,133,872 0.34% 46,837 $-588 Up ×6
MRK Merck & Company, Inc. Common Stock (new) $1,124,750 0.34% 8,753 $63,933 Down ×6
ORCL Oracle Corporation Common Stock $1,105,250 0.33% 7,542 $-40,559 Down ×6
SO Southern Company (The) Common Stock $1,097,773 0.33% 11,470 $-14,021 Down ×6
VLO Valero Energy Corporation Common Stock $1,077,160 0.32% 4,136 $24,371 Down ×6
SYK Stryker Corporation Common Stock $1,028,843 0.31% 3,268 $-89,289 Down ×3
C Citigroup, Inc. Common Stock $1,009,928 0.30% 7,216 $148,943 Down ×6
GLW Corning Incorporated Common Stock $992,089 0.30% 3,884 $463,575 Down ×1
GD General Dynamics Corporation Common Stock $938,335 0.28% 2,649 $30,218 Up ×1
AMGN Amgen Inc. - Common Stock $915,751 0.27% 2,529 $27,728 Up ×1
CL Colgate-Palmolive Company Common Stock $908,991 0.27% 9,915 $1,076 Down ×6
VZ Verizon Communications Inc. Common Stock $903,165 0.27% 21,332 $-202,674 Down ×4
EFA iShares Trust $899,177 0.27% 8,656 $21,328 Down ×3
NFLX Netflix, Inc. - Common Stock $889,630 0.27% 12,460 $-91,275 Up ×1
DE Deere & Company Common Stock $861,408 0.26% 1,358 $108,860 Up ×1
VB Vanguard Morningstar Small-Cap ETF $851,989 0.25% 2,811 $144,632 Up ×6
BLK BlackRock, Inc. Common Stock $851,911 0.25% 886 $3,712 Up ×1
FTEC FIDELITY COVINGTON TRUST $850,997 0.25% 2,980 $231,009
DUK Duke Energy Corporation (Holding Company) Common Stock $850,593 0.25% 6,720 $223,940 Up ×1
MET MetLife, Inc. Common Stock $792,089 0.24% 9,362 $128,201 Down ×6
IBDR iShares Trust $770,396 0.23% 31,810 $-24,277 Down ×2
ABT Abbott Laboratories Common Stock $738,239 0.22% 8,136 $-140,389 Down ×3
ADP Automatic Data Processing, Inc. - Common Stock $728,276 0.22% 3,252 $67,342 Down ×6
DIS Walt Disney Company (The) Common Stock $727,535 0.22% 7,559 $-37,982 Down ×5
GLD SPDR Gold Shares $700,654 0.21% 1,902 $-116,443 Up ×1
XLE SELECT SECTOR SPDR TRUST $697,833 0.21% 13,140 $-137,413 Down ×2
IJH iShares Trust $696,377 0.21% 9,031 $65,203 Down ×2
WMB Williams Companies, Inc. (The) Common Stock $694,620 0.21% 9,344 $15,229 Up ×1
XLF SELECT SECTOR SPDR TRUST $690,692 0.21% 12,884 $29,483 Down ×5
XLC SELECT SECTOR SPDR TRUST $687,960 0.20% 6,422 $-47,573 Down ×2
BAC Bank of America Corporation Common Stock $679,122 0.20% 11,921 $84,192 Down ×3
EMR Emerson Electric Company Common Stock $644,600 0.19% 4,503 $34,969 Down ×2
AXP American Express Company Common Stock $632,514 0.19% 1,870 $42,417 Down ×5
CSX CSX Corporation - Common Stock $563,012 0.17% 11,848 $75,050 Down ×6
PFE Pfizer, Inc. Common Stock $557,175 0.17% 23,149 $-167,936 Down ×6
CVS CVS Health Corporation Common Stock $545,068 0.16% 5,269 $163,844 Down ×6
LOW Lowe's Companies, Inc. Common Stock $529,829 0.16% 2,403 $-94,651 Down ×2
MMM 3M Company Common Stock $479,721 0.14% 2,963 $39,403 Down ×1
T AT&T Inc. $479,420 0.14% 23,161 $-202,866 Down ×1
XLV SELECT SECTOR SPDR TRUST $473,891 0.14% 2,987 $8,137 Down ×5

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VTHR $11,966,227 3.57% up ×6
IBDW $5,402,733 1.61% up ×6
IBDV $3,771,486 1.12% up ×6
IBDU $3,666,719 1.09% up ×6
IBDX $3,478,854 1.04% up ×6
VUG $3,414,756 1.02% up ×6
IBDY $3,298,253 0.98% up ×6
IBDT $3,108,518 0.93% up ×6
IBCA $2,361,973 0.70% up ×4
VEA $1,993,163 0.59% up ×3
BBUS $1,140,343 0.34% up ×6
SPMO $1,134,611 0.34% up ×3
IBDS $1,133,872 0.34% up ×6
VB $851,989 0.25% up ×6
NLR $198,428 0.06% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DYNF $1,557,107 22,896 0.46%
Unknown issuer (CUSIP: 438516205) $278,510 1,244 0.08%
Unknown issuer (CUSIP: 46438G166) $150,745 5,994 0.04%
SPXV $100,621 1,225 0.03%
Unknown issuer (CUSIP: 84615Q103) $79,445 465 0.02%
Unknown issuer (CUSIP: 314352105) $78,973 523 0.02%
Unknown issuer (CUSIP: 26614N201) $55,472 409 0.02%
VRT $52,566 157 0.02%
ASTS $44,430 500 0.01%
Unknown issuer (CUSIP: 466000577) $36,026 1,503 0.01%
Unknown issuer (CUSIP: 46438G216) $29,995 1,180 0.01%
Unknown issuer (CUSIP: 74768A104) $27,382 335 0.01%
QTUM $20,672 125 0.01%
COHR $15,383 39 0.00%
Unknown issuer (CUSIP: 87975E776) $15,037 495 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Trimmed -294 +$5.2M
AMAT Trimmed -178 +$2.8M
VTHR Bought more +3K +$2.6M
AMD Trimmed -195 +$2.1M
CAT Trimmed -564 +$2.1M
NVDA Trimmed -1K +$2.0M
INTC Trimmed -215 +$1.8M
AAPL Trimmed -2K +$1.8M
TIP Bought more +11K +$1.2M
AGG Bought more +11K +$1.1M

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
HON June 30, 2026 2,524 $570,478 -4.4%
VEU March 31, 2026 5,105 $375,523
IBDQ Dec. 31, 2025 7,392 $186,106
CMC June 30, 2026 1,900 $116,717 4.4%
K Dec. 31, 2025 1,267 $103,919 No longer tracked
DFS June 30, 2025 440 $75,108 No longer tracked
TFI Sept. 30, 2025 1,500 $66,990 -6.1%
ROST Dec. 31, 2025 290 $44,193 25.7%
BRO Dec. 31, 2025 459 $43,049 -23.6%
BN Dec. 31, 2025 540 $37,033 -19.7%
CNTA June 30, 2026 925 $36,741 No longer tracked
AIN March 31, 2026 700 $35,490 13.9%
PGR Dec. 31, 2025 143 $35,313 -6.6%
CTRA June 30, 2026 1,000 $35,130 No longer tracked
AZO Dec. 31, 2025 8 $34,321 -17.2%
VMC Dec. 31, 2025 110 $33,837 -13.9%
FAST Dec. 31, 2025 610 $29,914 26.3%
SPIP Sept. 30, 2025 1,131 $29,462 -7.5%
CDW Dec. 31, 2025 170 $27,077 -1.7%
ADI Dec. 31, 2025 106 $26,044 54.5%
EXAS March 31, 2026 225 $22,851 No longer tracked
GGG Dec. 31, 2025 265 $22,514 -3.8%
FCX June 30, 2025 570 $21,580 67.5%
PNFP Dec. 31, 2025 221 $20,727 0.6%
VRSK Dec. 31, 2025 76 $19,114 -27.0%
GSLC March 31, 2026 136 $18,002
GWW June 30, 2025 18 $17,780 23.7%
EXLS Dec. 31, 2025 377 $16,595 -15.4%
MCHP Dec. 31, 2025 250 $16,055 27.9%
STE Dec. 31, 2025 57 $14,104 -16.7%
AME Dec. 31, 2025 72 $13,536 22.7%
ARM Dec. 31, 2025 92 $13,017 177.1%
CDNS March 31, 2026 40 $12,502 27.2%
FLIN June 30, 2025 278 $10,241
EWC June 30, 2025 250 $10,186
UL (filed as ULXXXX) Dec. 31, 2025 170 $10,075 -8.3%
IEX Dec. 31, 2025 60 $9,765 32.2%
FNDC Sept. 30, 2025 215 $9,038
AIQUY March 31, 2026 229 $8,601 No longer tracked
FRT Dec. 31, 2025 82 $8,307 5.1%
PLAB June 30, 2025 387 $8,030 65.0%
KEY Sept. 30, 2025 458 $7,973 8.0%
CBRE March 31, 2026 49 $7,878 -4.5%
RCAT June 30, 2026 600 $7,854 -40.4%
IDX June 30, 2025 627 $7,831 -25.8%
DAL Sept. 30, 2025 155 $7,622 46.4%
CCRD Dec. 31, 2025 265 $7,131 No longer tracked
EWA June 30, 2025 300 $7,028
HESAY June 30, 2026 37 $7,019 No longer tracked
NGLOY June 30, 2025 500 $6,990 No longer tracked
PENG (filed as PENGXXXX) Sept. 30, 2025 340 $6,732 131.0%
TRU March 31, 2026 78 $6,688 -7.8%
EWS June 30, 2025 264 $6,270 28.0%
PIN March 31, 2026 255 $6,196
WFG March 31, 2026 91 $5,561 0.9%
SLB June 30, 2026 100 $5,138 8.2%
SBS June 30, 2026 161 $4,910 8.3%
BSY March 31, 2026 127 $4,846 -1.1%
PSMMY March 31, 2026 132 $4,795 No longer tracked
FIS June 30, 2025 60 $4,480 -58.8%
HDB June 30, 2026 172 $4,277 -14.4%
TWODY March 31, 2026 296 $4,262 No longer tracked
RHP Dec. 31, 2025 41 $3,673 27.5%
VSS Sept. 30, 2025 27 $3,628
PPL March 31, 2026 100 $3,502 -13.7%
MAA March 31, 2026 25 $3,472 -4.6%
ICE March 31, 2026 21 $3,401 -3.3%
CWAN March 31, 2026 140 $3,375 No longer tracked
ROL June 30, 2026 62 $3,310 -28.9%
CUBE Sept. 30, 2025 75 $3,187 -8.5%
LZAGY March 31, 2026 46 $3,090 No longer tracked
NNE June 30, 2026 150 $3,069 -26.6%
HEI-A (filed as HEIA) March 31, 2026 12 $3,029 No longer tracked
VXF Sept. 30, 2025 15 $2,890 13.3%
CFLT June 30, 2025 123 $2,881 No longer tracked
MGM June 30, 2025 97 $2,874 -12.3%
DBOEY March 31, 2026 108 $2,839 No longer tracked
CLM June 30, 2025 380 $2,823 No longer tracked
GOLD June 30, 2025 135 $2,623 87.7%
DIBS Dec. 31, 2025 955 $2,463 -32.7%
RMOP March 31, 2026 96 $2,401
ZTS March 31, 2026 19 $2,390 -39.6%
BALL June 30, 2026 40 $2,364 -8.5%
TREX March 31, 2026 65 $2,279 21.4%
MASI June 30, 2026 12 $2,134 No longer tracked
WHR Sept. 30, 2025 20 $2,028 -61.8%
HAL June 30, 2026 50 $1,949 -3.4%
S June 30, 2025 101 $1,836 39.1%
BSCP Dec. 31, 2025 73 $1,509 No longer tracked
CRML June 30, 2026 138 $1,095 -26.7%
DJT June 30, 2026 100 $928 11.5%
RLAY June 30, 2025 344 $897 460.4%
USAR June 30, 2026 50 $756 -36.7%
MICC June 30, 2026 34 $508 -1.7%
VREX June 30, 2025 40 $464 112.8%
BXP Sept. 30, 2025 6 $404 -20.1%
IBRX March 31, 2026 150 $297 35.3%
KLAR June 30, 2026 19 $248 -35.3%
NTLA March 31, 2026 24 $215 -0.5%
LEN-B (filed as LENB) Sept. 30, 2025 1 $105 No longer tracked
BPPTU March 31, 2026 100 $22 No longer tracked
IRBTQ March 31, 2026 30 $3 No longer tracked