Sector breakdown

04
Technology 27.1%
Industrials 8.6%
Communication Services 8.3%
Financials 8.2%
Energy 5.9%
Healthcare 4.8%
Retail 4.0%
Utilities 3.1%
Consumer Staples 1.6%
Consumer Discretionary 0.9%
Materials 0.5%
Real Estate 0.4%
Other/Unmapped 26.6%

Full portfolio 111 positions

05
Type Streak 8Q trend
VCRB Vanguard Core Bond ETF $34,961,860 10.15% 452,682 $2,995,246 Up ×2
AAPL Apple Inc. - Common Stock $15,177,799 4.41% 52,453 $1,800,272 Down ×5
NVDA NVIDIA Corporation - Common Stock $13,926,002 4.04% 69,599 $1,713,344 Down ×1
VCRM VANGUARD MUNICIPAL BOND FUNDS $12,256,012 3.56% 160,419 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $10,925,345 3.17% 30,921 $1,926,237 Down ×4
CLIP Global X Funds $10,767,285 3.13% 107,308 $148,595 Up ×2
AMAT Applied Materials, Inc. - Common Stock $10,230,931 2.97% 14,151 $5,320,549 Down ×3
AMZN Amazon.com, Inc. - Common Stock $10,052,383 2.92% 42,177 $1,270,335 Up ×2
AVGO Broadcom Inc. - Common Stock $9,066,869 2.63% 24,002 $1,562,397 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $8,448,571 2.45% 17,656 $2,368,213 Down ×4
ASML ASML Holding N.V. - New York Registry Shares $7,955,771 2.31% 3,999 $2,640,751 Down ×4
MSFT Microsoft Corporation - Common Stock $7,777,107 2.26% 20,849 $43,502 Down ×1
ANET Arista Networks, Inc. Common Stock $7,202,295 2.09% 42,396 $1,952,545 Down ×1
GLD SPDR Gold Shares $7,090,947 2.06% 19,249 $-1,207,196 Down ×3
PANW Palo Alto Networks, Inc. - Common Stock $6,217,995 1.80% 18,234 $3,290,949 Down ×1
CAT Caterpillar, Inc. Common Stock $5,739,811 1.67% 5,390 $1,889,331 Down ×4
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $5,372,583 1.56% 7,040 $2,574,084 Down ×1
LLY Eli Lilly and Company Common Stock $5,113,170 1.48% 4,263 $1,180,233 Down ×4
IVV iShares Trust $4,434,320 1.29% 5,921 $629,901 Up ×3
MS Morgan Stanley Common Stock $4,308,632 1.25% 20,612 $910,999 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $4,295,671 1.25% 7,626 $-115,473 Down ×1
JPM JP Morgan Chase & Co. Common Stock $4,277,838 1.24% 13,069 $431,436 Down ×1
XOM Exxon Mobil Corporation Common Stock $4,235,741 1.23% 30,981 $-1,029,851 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $4,070,412 1.18% 54,754 $73,771 Down ×1
KLAC KLA Corporation - Common Stock $3,735,170 1.08% 12,380 Up ×1
UBS UBS Group AG Registered Ordinary Shares $3,455,882 1.00% 69,731 $727,106 Down ×1
V Visa Inc. $3,181,987 0.92% 9,274 $377,659 Down ×1
TDG Transdigm Group Incorporated Common Stock $3,172,919 0.92% 2,382 $413,435 Up ×6
KMI Kinder Morgan, Inc. Common Stock $3,067,713 0.89% 95,956 $-171,419 Down ×1
IAU iShares Gold Trust Shares $3,029,008 0.88% 40,114 $-496,422 Up ×4
DE Deere & Company Common Stock $2,999,140 0.87% 4,716 $331,588 Down ×1
CB Chubb Limited Common Stock $2,981,172 0.87% 8,723 $132,227 Up ×2
CVX Chevron Corporation Common Stock $2,920,589 0.85% 17,619 $-741,000 Down ×1
PM Philip Morris International Inc Common Stock $2,915,162 0.85% 15,984 $252,150 Up ×2
ROK Rockwell Automation, Inc. Common Stock $2,820,507 0.82% 5,697 $773,070 Down ×1
ABBV AbbVie Inc. Common Stock $2,748,412 0.80% 10,922 $628,102 Up ×1
LNG Cheniere Energy, Inc. Common Stock $2,699,857 0.78% 11,296 $-504,361 Up ×2
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $2,678,417 0.78% 43,368 $109,239 Up ×2
CBOE Cboe Global Markets, Inc. Common Stock $2,593,414 0.75% 10,687 $-409,538 Up ×2
NEE NextEra Energy, Inc. Common Stock $2,495,301 0.72% 28,430 $-144,070 Up ×2
SPY SPY $2,472,869 0.72% 3,303 $318,860
VOO VANGUARD INDEX FUNDS $2,466,335 0.72% 3,591 $274,522 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,411,379 0.70% 6,748 $481,112 Up ×1
SO Southern Company (The) Common Stock $2,264,403 0.66% 23,659 $-15,110 Up ×2
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $2,236,278 0.65% 4,502 $472,892 Up ×2
DASH DoorDash, Inc. - Common Stock $2,180,591 0.63% 11,817 $405,668 Down ×1
SRE DBA Sempra Common Stock $2,133,658 0.62% 22,853 $-80,250 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $2,132,240 0.62% 16,845 $-67,814 Up ×4
KR Kroger Company (The) Common Stock $2,119,380 0.62% 38,166 $-644,874 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $2,083,135 0.60% 5,238 $-321,490 Up ×6
UNP Union Pacific Corporation Common Stock $2,074,167 0.60% 7,626 $226,952 Up ×2
GD General Dynamics Corporation Common Stock $2,071,596 0.60% 5,848 $66,162 Up ×2
MCK McKesson Corporation Common Stock $2,022,054 0.59% 2,674 $358,995 Up ×2
CME CME Group Inc. - Class A Common Stock $2,019,515 0.59% 9,145 $-677,654 Up ×2
PGR Progressive Corporation (The) Common Stock $1,966,268 0.57% 9,001 $165,852 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,920,997 0.56% 3,839 $43,971 Down ×1
LHX L3Harris Technologies, Inc. Common Stock $1,917,919 0.56% 6,600 $-356,650 Up ×2
QQQ Invesco QQQ Trust, Series 1 $1,886,529 0.55% 2,559 $331,029 Down ×4
Unknown issuer (CUSIP: 78409V112) $1,875,840 0.54% 4,606 Up ×1
LIN Linde plc - Ordinary Shares $1,848,983 0.54% 3,563 Up ×1
VLO Valero Energy Corporation Common Stock $1,839,748 0.53% 7,064
HII Huntington Ingalls Industries, Inc. Common Stock $1,839,157 0.53% 6,571 $-661,725 Down ×4
D Dominion Energy, Inc. Common Stock $1,805,656 0.52% 26,441 $169,342 Down ×1
SPOT Spotify Technology S.A. Ordinary Shares $1,758,927 0.51% 3,831 $-78,397 Up ×2
SAP SAP SE ADS $1,735,028 0.50% 11,258 $-163,926 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $1,710,020 0.50% 4,013 Up ×1
MA Mastercard Incorporated Common Stock $1,635,816 0.47% 3,185 Up ×1
AXP American Express Company Common Stock $1,632,733 0.47% 4,827 $179,922 Up ×2
AXON Axon Enterprise, Inc. - Common Stock $1,593,254 0.46% 2,842 $372,695 Down ×1
AZN AstraZeneca PLC - American Depositary Shares $1,581,431 0.46% 8,340 Up ×1
RTX RTX Corporation Common Stock $1,553,130 0.45% 8,186 Up ×1
UBER Uber Technologies, Inc. Common Stock $1,490,609 0.43% 20,657 $6,262 Up ×2
VICI VICI Properties Inc. Common Stock $1,408,427 0.41% 52,166 $-37,605 Up ×2
ZS Zscaler, Inc. - Common Stock $1,299,568 0.38% 9,207 $33,731 Up ×2
NFLX Netflix, Inc. - Common Stock $1,275,561 0.37% 17,865 $-428,698 Up ×1
EQNR Equinor ASA $1,250,599 0.36% 39,828 $-351,904 Up ×1
VEA VANGUARD TAX-MANAGED FUNDS $1,071,600 0.31% 15,040 $144,491 Up ×3
MU Micron Technology, Inc. - Common Stock $1,035,398 0.30% 897 $732,897 Up ×1
TOTL SSGA Active Trust $842,448 0.24% 21,344 $39,266 Up ×3
XBI SPDR SERIES TRUST $808,658 0.23% 5,110 $155,958
VUG VANGUARD INDEX FUNDS $678,027 0.20% 7,871 $97,663 Up ×1
XLK SELECT SECTOR SPDR TRUST $611,569 0.18% 3,210 $174,594 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $601,395 0.17% 5,120 $219,652 Up ×1
Unknown issuer (CUSIP: 595112903) $577,145 0.17% 500 Put option Up ×1
VGSH Vanguard Short-Term Treasury ETF $549,408 0.16% 9,440 $-3,210
HD Home Depot, Inc. (The) Common Stock $548,065 0.16% 1,554 $36,970
LRCX Lam Research Corporation - Common Stock $512,503 0.15% 1,182 $259,638
COST Costco Wholesale Corporation - Common Stock $478,025 0.14% 511 $-80,972 Down ×1
WM Waste Management, Inc. Common Stock $466,488 0.14% 2,093 $-14,462
SBUX Starbucks Corporation - Common Stock $464,760 0.13% 4,548 $44,672 Down ×2
ITOT iShares Trust $460,777 0.13% 2,805 $61,261
WMT Walmart Inc. - Common Stock $454,059 0.13% 4,009 $-51,029 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $410,104 0.12% 3,171 $33,813 Up ×3
ADBE Adobe Inc. - Common Stock $408,400 0.12% 1,992 $-121,028 Down ×2
MPC Marathon Petroleum Corporation Common Stock $334,928 0.10% 1,310 $15,052
Unknown issuer (CUSIP: 46438F951) $332,900 0.10% 10,000 Put option Up ×1
IVOO VANGUARD ADMIRAL FUNDS $317,524 0.09% 2,435 $63,619 Up ×3
QCOM QUALCOMM Incorporated - Common Stock $308,230 0.09% 1,668 $104,371 Up ×3
FITB Fifth Third Bancorp - Common Stock $299,916 0.09% 5,283 $52,355
IWR iShares Trust $291,465 0.08% 2,642 $25,249 Down ×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 $4,434,320 1.29% up ×3
TDG $3,172,919 0.92% up ×6
IAU $3,029,008 0.88% up ×4
DUK $2,132,240 0.62% up ×4
ISRG $2,083,135 0.60% up ×6
VEA $1,071,600 0.31% up ×3
TOTL $842,448 0.24% up ×3
MRK $410,104 0.12% up ×3
IVOO $317,524 0.09% up ×3
QCOM $308,230 0.09% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VCRM $12,256,012 160,419 3.56%
KLAC $3,735,170 12,380 1.08%
Unknown issuer (CUSIP: 78409V112) $1,875,840 4,606 0.54%
LIN $1,848,983 3,563 0.54%
VLO $1,839,748 7,064 0.53%
ETN $1,710,020 4,013 0.50%
MA $1,635,816 3,185 0.47%
AZN $1,581,431 8,340 0.46%
RTX $1,553,130 8,186 0.45%
Unknown issuer (CUSIP: 595112903) $577,145 500 0.17%
Unknown issuer (CUSIP: 46438F951) $332,900 10,000 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMAT Trimmed -216 +$5.3M
PANW Trimmed -24 +$3.3M
VCRB Bought more +40K +$3.0M
ASML Trimmed -25 +$2.6M
CRWD Trimmed -128 +$2.6M
TSM Trimmed -286 +$2.4M
ANET Trimmed -361 +$2.0M
GOOG Trimmed -450 +$1.9M
CAT Trimmed -45 +$1.9M
AAPL Trimmed -258 +$1.8M

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
VGIT June 30, 2026 601,887 $35,842,371
VGSH Sept. 30, 2025 504,563 $29,658,213
SUB June 30, 2026 69,878 $7,442,007
VTEB June 30, 2026 124,295 $6,201,078
BX Dec. 31, 2025 19,724 $3,369,916 -27.5%
MUFG March 31, 2026 198,399 $3,146,606 34.5%
FTNT Sept. 30, 2025 26,169 $2,766,587 115.2%
FICO March 31, 2026 1,539 $2,601,864 -38.1%
TMUS June 30, 2026 12,336 $2,590,930 -2.4%
UNH June 30, 2025 4,763 $2,494,846 19.2%
FCX March 31, 2026 44,891 $2,280,014 22.6%
NVO Sept. 30, 2025 31,207 $2,153,880 -32.7%
ORCL June 30, 2026 13,953 $2,052,639 -2.9%
TOL June 30, 2025 19,212 $2,028,635 19.7%
VZ June 30, 2026 39,919 $2,003,934 8.5%
LMT Dec. 31, 2025 3,942 $1,967,681 4.5%
SPGI June 30, 2026 4,598 $1,955,713 0.3%
TM June 30, 2026 9,149 $1,885,476 7.8%
T June 30, 2026 64,855 $1,880,146 17.4%
LULU June 30, 2025 5,907 $1,672,035 -60.2%
CNQ June 30, 2025 53,791 $1,656,763 54.3%
NOW March 31, 2026 10,677 $1,635,610 28.5%
SYK June 30, 2026 4,867 $1,603,530 -12.5%
PSA Dec. 31, 2025 5,463 $1,577,988 9.4%
SCCO Sept. 30, 2025 15,231 $1,540,912 76.2%
VLO June 30, 2025 11,660 $1,539,983 202.3%
CI March 31, 2026 5,487 $1,510,187 1.4%
FANG June 30, 2025 9,378 $1,499,355 34.4%
TMO June 30, 2025 2,955 $1,471,878 61.5%
BAC June 30, 2026 30,104 $1,467,570 -5.7%
AMGN Sept. 30, 2025 5,208 $1,454,158 42.8%
SLB June 30, 2025 32,366 $1,361,864 44.2%
TOST March 31, 2026 38,327 $1,360,992 12.4%
DHI June 30, 2025 10,606 $1,348,341 4.7%
ABNB Sept. 30, 2025 10,103 $1,337,031 33.8%
ZTS June 30, 2025 8,078 $1,330,052 -55.3%
VEEV March 31, 2026 5,307 $1,184,682 55.6%
BSX June 30, 2026 16,138 $1,012,660 -0.2%
VCSH June 30, 2026 7,052 $559,012
TSLA June 30, 2025 1,810 $469,080 16.7%
NOC June 30, 2026 347 $236,737 -6.1%
PG Dec. 31, 2025 1,422 $218,490 1.1%
NOC Dec. 31, 2025 348 $212,043 -16.2%
PEP June 30, 2025 1,391 $208,567 -4.7%
PG June 30, 2026 1,413 $204,094 -1.2%
CVNA March 31, 2026 5 $23,725 -79.7%