Sector breakdown

04
Technology 5.0%
Financials 3.3%
Communication Services 2.3%
Health Care 1.7%
Retail 1.4%
Consumer Staples 1.0%
Energy 0.8%
Consumer products 0.8%
Industrials 0.8%
Consumer Discretionary 0.2%
Other/Unmapped 82.7%

Full portfolio 52 positions

05
Type Streak 8Q trend
IVV iShares Core S&P 500 ETF $19,772,715 18.06% 25,818 $805,578 Up ×1
VT VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $9,038,965 8.26% 57,263 $105,371 Up ×1
MOAT VanEck ETF Trust $7,798,861 7.12% 73,776 $355,221 Up ×2
FESM Fidelity Covington Trust $6,722,273 6.14% 149,550 $-743,989 Down ×3
XMHQ Invesco Exchange-Traded Fund Trust $6,578,976 6.01% 58,925 $99,325 Up ×1
IJH iShares Trust $5,848,816 5.34% 81,290 $-427,861 Down ×2
EVMO Morgan Stanley ETF Trust $5,418,014 4.95% 112,993 $-56,490 Up ×2
VGLT Vanguard Long-Term Treasury ETF $5,297,792 4.84% 105,660 $-238,693 Up ×2
XLRE XLRE $5,234,189 4.78% 127,944 $-372,635 Up ×1
XLP XLP $4,988,092 4.56% 61,887 $-67,714 Up ×1
GPIX Goldman Sachs S&P 500 Premium Income ETF $3,997,149 3.65% 71,595 $385,988 Up ×3
GLDM SPDR Gold MiniShares Trust $3,050,850 2.79% 37,124 $256,537 Up ×1
MSFT Microsoft Corporation - Common Stock $2,393,191 2.19% 4,666 $693,339 Up ×4
AAPL Apple Inc. - Common Stock $2,235,896 2.04% 6,714 $289,950 Down ×2
VYMI Vanguard International High Dividend Yield ETF $1,361,816 1.24% 13,466 $185,871 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $1,351,806 1.23% 26,387 $6,022 Up ×4
Unknown issuer (CUSIP: 30233Q108) $1,307,859 1.19% 8,036 Up ×1
VYM Vanguard High Dividend Yield ETF $1,176,261 1.07% 7,579 $137,056 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,155,790 1.06% 3,392 $-162,838 Down ×1
AMZN Amazon.com, Inc. - Common Stock $1,017,529 0.93% 4,084 $65,361 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,014,986 0.93% 3,068 $-1,374 Down ×1
VOO Vanguard S&P 500 ETF $880,981 0.80% 1,257 $-17,366 Down ×2
KO Coca-Cola Company (The) Common Stock $821,289 0.75% 9,541 $-23,756 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $800,674 0.73% 2,327 $-164,940 Down ×4
V Visa Inc. $729,081 0.67% 2,029 $31,579 Down ×1
CVX Chevron Corporation Common Stock $655,514 0.60% 3,210 $113,645 Down ×1
CLX Clorox Company (The) Common Stock $622,157 0.57% 7,680 $-110,822
META Meta Platforms, Inc. - Class A Common Stock $613,502 0.56% 846 $125,693 Down ×2
ABBV AbbVie Inc. Common Stock $578,375 0.53% 2,211 $21,999
WMT Walmart Inc. - Common Stock $493,620 0.45% 4,750 $-44,365
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $447,159 0.41% 898 $-2,191
MA Mastercard Incorporated Common Stock $445,588 0.41% 808 $37,790 Up ×4
BRO Brown & Brown, Inc. Common Stock $401,027 0.37% 6,585 $9,648 Up ×4
PWR Quanta Services, Inc. Common Stock $390,004 0.36% 607 $-65,061 Down ×2
VEA VANGUARD TAX-MANAGED FUNDS $380,376 0.35% 5,387 $-17,698 Down ×4
KNSL Kinsale Capital Group, Inc. Common Stock $371,163 0.34% 1,150 $18,266 Up ×4
AMAT Applied Materials, Inc. - Common Stock $307,339 0.28% 601 $-127,184
ABT Abbott Laboratories Common Stock $296,490 0.27% 3,000 $-1,046 Down ×2
PM Philip Morris International Inc Common Stock $296,153 0.27% 1,552 $5,431 Down ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $295,520 0.27% 450 $-20,983
UNH UnitedHealth Group Incorporated Common Stock (DE) $261,361 0.24% 712 $-53,687 Down ×1
ORCL Oracle Corporation Common Stock $260,870 0.24% 1,900 $-17,575
EW Edwards Lifesciences Corporation Common Stock $259,823 0.24% 3,010 $-40,052 Down ×1
CVS CVS Health Corporation Common Stock $257,070 0.23% 3,000 $-53,280
UNP Union Pacific Corporation Common Stock $244,917 0.22% 900 $117
TT Trane Technologies plc $244,521 0.22% 541 $-21,197
MCD McDonald's Corporation Common Stock $238,792 0.22% 1,034 $-83,147 Down ×1
HAL Halliburton Company Common Stock $237,101 0.22% 7,456 $-16,030
AMGN Amgen Inc. - Common Stock $229,301 0.21% 544 $8,770 Down ×1
NVDA NVIDIA Corporation - Common Stock $228,380 0.21% 1,000 $28,290
BLK BlackRock, Inc. Common Stock $223,299 0.20% 211
CL Colgate-Palmolive Company Common Stock $217,054 0.20% 2,544 $-85,490 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
GPIX $3,997,149 3.65% up ×3
MSFT $2,393,191 2.19% up ×4
IGSB $1,351,806 1.23% up ×4
MA $445,588 0.41% up ×4
BRO $401,027 0.37% up ×4
KNSL $371,163 0.34% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $1,307,859 8,036 1.19%
BLK $223,299 211 0.20%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +491 +$806K
FESM Trimmed -5K -$744K
MSFT Bought more +109 +$693K
IJH Trimmed -109 -$428K
GPIX Bought more +7K +$386K
XLRE Bought more +603 -$373K
MOAT Bought more +2K +$355K
AAPL Trimmed -11 +$290K
GLDM Bought more +2K +$257K
VGLT Bought more +5K -$239K

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
VB Dec. 31, 2025 23,973 $6,095,854
IEF Dec. 31, 2025 50,709 $4,891,390
IEI Dec. 31, 2025 28,301 $3,382,253
VCIT Dec. 31, 2025 38,578 $3,244,796
MBB Dec. 31, 2025 24,974 $2,376,276
IWS Dec. 31, 2025 9,621 $1,343,765 16.9%
XOM Sept. 30, 2026 8,590 $1,174,425 12.6%
BIV Dec. 31, 2025 10,336 $807,138
IJR June 30, 2026 4,617 $573,939 -6.8%
SJNK Dec. 31, 2025 21,148 $541,389
TSCO June 30, 2026 8,825 $399,773 5.7%
HD Sept. 30, 2026 832 $293,430 12.4%
IEMG June 30, 2026 4,181 $291,625
HON Sept. 30, 2026 1,275 $285,473 4.8%
IEFA June 30, 2026 3,137 $283,993
YETI March 31, 2026 5,396 $238,341 16.9%
WFC March 31, 2026 2,370 $220,884 3.5%
YETI Sept. 30, 2026 4,218 $209,044 4.3%
BLK March 31, 2026 194 $207,646 16.3%
LHX Sept. 30, 2026 712 $206,900 7.3%
PG March 31, 2026 1,400 $200,634 11.5%
IPAR Sept. 30, 2026 1,788 $200,006 3.8%