Sector breakdown

04
Industrials 39.1%
Technology 7.3%
Financials 3.8%
Consumer Discretionary 2.9%
Consumer Staples 2.3%
Communication Services 2.2%
Healthcare 1.8%
Retail 1.5%
Materials 1.3%
Consumer products 1.1%
Energy 0.9%
Real Estate 0.7%
Other/Unmapped 35.0%

Full portfolio 92 positions

05
Type Streak 8Q trend
EH EHang Holdings Limited - ADS $26,021,893 36.37% 3,972,808 $-13,906,210 Down ×4
HPF John Hancock Pfd Income Fund II Pfd Income Fund II $3,893,773 5.44% 245,354 $-356,065 Down ×3
BIL SPDR SERIES TRUST $2,228,333 3.11% 24,316 $-92,049 Down ×1
XLK SELECT SECTOR SPDR TRUST $1,146,168 1.60% 6,016 $242,315 Down ×2
GROZ Zacks Trust $1,109,027 1.55% 34,897 $204,205 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $1,096,758 1.53% 1,888 $684,609 Down ×1
CLF Cleveland-Cliffs Inc. Common Stock $952,446 1.33% 101,432 $112,719 Up ×2
SMIZ Zacks Trust $933,317 1.30% 20,917 $122,596 Down ×1
CAT Caterpillar, Inc. Common Stock $915,814 1.28% 860 $326,375 Up ×1
MSFT Microsoft Corporation - Common Stock $901,962 1.26% 2,418 $-22,352 Down ×1
BTAL AGF Investments Trust $854,112 1.19% 76,602 $-202,772 Up ×2
PG Procter & Gamble Company (The) Common Stock $815,612 1.14% 5,562 $7,470 Down ×2
USB U.S. Bancorp Common Stock $791,361 1.11% 13,102 $-26,340 Down ×1
PM Philip Morris International Inc Common Stock $737,208 1.03% 4,075 $63,447
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF $700,043 0.98% 31,328 $-28,519 Down ×2
BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF $698,750 0.98% 30,440 $-9,617 Down ×1
BSJT Invesco BulletShares 2029 High Yield Corporate Bond ETF $688,098 0.96% 32,565 $-22,780 Down ×1
TDUP ThredUp Inc. - Class A Common Stock $686,445 0.96% 100,211 $432,770 Up ×1
BSJU Invesco BulletShares 2030 High Yield Corporate Bond ETF $685,052 0.96% 26,541 $-8,795 Down ×1
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF $678,879 0.95% 31,220 $-31,131 Down ×1
MO Altria Group, Inc. $667,264 0.93% 9,274 $33,826 Down ×2
SCHD SCHWAB STRATEGIC TRUST $651,122 0.91% 20,534 $209,986 Up ×1
NVDA NVIDIA Corporation - Common Stock $644,115 0.90% 3,219 $72,432 Down ×2
XLP XLP $599,184 0.84% 7,213 $223,388 Up ×1
QUIZ Zacks Quality International ETF $588,227 0.82% 20,132 $191,672 Up ×2
AGG iShares Trust $577,548 0.81% 5,835 $-57,681 Down ×1
OSCR Oscar Health, Inc. Class A Common Stock $563,299 0.79% 19,751 $238,205 Down ×1
ZECP Zacks Trust $560,514 0.78% 14,852 $-205,938 Down ×1
IJH iShares Trust $558,846 0.78% 7,247 $81,079 Up ×3
TSLA Tesla, Inc. - Common Stock $556,033 0.78% 1,322 $43,018 Down ×1
XLU XLU $520,549 0.73% 11,481 $-36,693 Down ×1
AAPL Apple Inc. - Common Stock $509,274 0.71% 1,760 $50,168 Down ×2
LAMR Lamar Advertising Company - Class A Common Stock $484,474 0.68% 3,106 Up ×1
ANET Arista Networks, Inc. Common Stock $472,097 0.66% 2,779 $77,850 Down ×2
RBRK Rubrik, Inc. Class A Common Stock $469,879 0.66% 5,853 $130,272 Down ×1
TLT iShares 20+ Year Treasury Bond ETF $461,742 0.65% 5,343 $-30,137 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $449,350 0.63% 898 $-8,765 Down ×1
EXPE Expedia Group, Inc. - Common Stock $441,137 0.62% 1,724 $32,231 Down ×1
NIO NIO Inc. American depositary shares, each representing one Class A ordinary share $432,144 0.60% 85,404 $-329,409 Down ×3
SHOP Shopify Inc. - Class A Subordinate Voting Shares $422,694 0.59% 3,702
NKE Nike, Inc. Common Stock $417,984 0.58% 10,182 $109,239 Up ×2
BMY Bristol-Myers Squibb Company Common Stock $417,054 0.58% 7,238 $-33,394 Down ×2
ARCM ARROW INVESTMENTS TRUST $403,318 0.56% 4,031 $-1,199,683 Down ×1
VBK VANGUARD INDEX FUNDS $396,512 0.55% 1,084 $80,643 Up ×2
ZETA Zeta Global Holdings Corp. Class A Common Stock $387,460 0.54% 19,688 $16,588 Down ×1
FTI TechnipFMC plc Ordinary Share $380,562 0.53% 5,740 Up ×1
VBR VANGUARD INDEX FUNDS $376,269 0.53% 1,548 $67,258 Up ×2
VOD Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares $376,040 0.53% 28,434 Up ×1
EH EHang Holdings Limited - ADS $368,765 0.52% 563 Call option
CTA Simplify Exchange Traded Funds $364,742 0.51% 14,061 $-118,204 Down ×1
CLS Celestica, Inc. Common Stock $348,384 0.49% 955 $68,957 Down ×4
MU Micron Technology, Inc. - Common Stock $347,441 0.49% 301 Up ×1
NVO Novo Nordisk A/S Common Stock $333,806 0.47% 6,963 $45,723 Down ×1
XLC SELECT SECTOR SPDR TRUST $318,712 0.45% 2,975 $-33,268 Down ×4
GRAB Grab Holdings Limited - Class A Ordinary Shares $310,343 0.43% 82,319 $-23,079 Down ×1
VISN Vistance Networks, Inc. - Common Stock $301,838 0.42% 23,618 $4,978 Up ×1
PPA Invesco Exchange-Traded Fund Trust $293,239 0.41% 1,660 $-192,428 Down ×1
XOM Exxon Mobil Corporation Common Stock $292,307 0.41% 2,138 $-68,220 Up ×1
HIMS Hims & Hers Health, Inc. Class A Common Stock $290,327 0.41% 8,374 $58,355 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $289,774 0.41% 2,467
QUAL iShares Trust $288,478 0.40% 1,315 $59,073 Up ×2
SCHG SCHWAB STRATEGIC TRUST $286,811 0.40% 8,476 $86,280 Up ×1
XLV SELECT SECTOR SPDR TRUST $279,083 0.39% 1,759 $9,174 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $258,660 0.36% 4,472 $-8,098 Down ×1
IVE iShares Trust $253,853 0.35% 1,118 $1,740 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $252,984 0.35% 609 $36,747 Down ×1
VUG VANGUARD INDEX FUNDS $249,819 0.35% 2,900 $33,598 Up ×2
IVW iShares Trust $248,817 0.35% 1,809 $35,255 Down ×4
TLH iShares Trust $241,743 0.34% 2,409 $-8,143 Down ×2
VTV VANGUARD INDEX FUNDS $240,721 0.34% 1,105
GS Goldman Sachs Group, Inc. (The) Common Stock $238,683 0.33% 236 $38,183 Down ×1
ASTS AST SpaceMobile, Inc. - Class A Common Stock $236,901 0.33% 2,666 Up ×1
MARA MARA Holdings, Inc. - Common Stock $235,894 0.33% 16,983 $68,573 Down ×1
UUP Invesco DB USD Index Bullish Fund ETF $233,729 0.33% 8,227 $-8,540 Down ×1
SOFI SoFi Technologies, Inc. - Common Stock $230,562 0.32% 12,859 $47,942 Up ×1
IJT iShares S&P SmallCap 600 Growth ETF $225,654 0.32% 1,263 Up ×1
TER Teradyne, Inc. - Common Stock $225,469 0.32% 466 Up ×1
AFRM Affirm Holdings, Inc. - Class A Common Stock $225,323 0.31% 2,763 Up ×1
XLI SELECT SECTOR SPDR TRUST $220,794 0.31% 1,192 $13,294 Down ×1
NIO NIO Inc. American depositary shares, each representing one Class A ordinary share $220,110 0.31% 435 Call option $-165,810 Down ×1
RSP Invesco Exchange-Traded Fund Trust $218,824 0.31% 1,028
XLF SELECT SECTOR SPDR TRUST $217,442 0.30% 4,056 $-11,437 Down ×3
AMZN Amazon.com, Inc. - Common Stock $214,744 0.30% 901 $12,722 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $213,487 0.30% 379 $83 Up ×3
GTO Invesco Actively Managed Exchange-Traded Fund Trust $209,275 0.29% 4,465 $-16,211 Down ×4
XLY XLY $205,826 0.29% 1,755 $3,886 Down ×1
GLD SPDR Gold Shares $204,451 0.29% 555 $-35,651 Down ×1
IJS iShares Trust $202,543 0.28% 1,482 Up ×1
LCNB LCNB Corporation - Common Stock $202,285 0.28% 11,500 $23,000
GOVI Invesco Equal Weight 0-30 Year Treasury ETF $201,344 0.28% 7,416
SLV iShares Silver Trust $201,154 0.28% 3,762 $-56,006 Down ×1
TDUP ThredUp Inc. - Class A Common Stock $183,580 0.26% 268 Call option 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
GROZ $1,109,027 1.55% up ×3
IJH $558,846 0.78% up ×3
META $213,487 0.30% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LAMR $484,474 3,106 0.68%
SHOP $422,694 3,702 0.59%
FTI $380,562 5,740 0.53%
VOD $376,040 28,434 0.53%
EH $368,765 563 0.52%
MU $347,441 301 0.49%
CSCO $289,774 2,467 0.41%
VTV $240,721 1,105 0.34%
ASTS $236,901 2,666 0.33%
IJT $225,654 1,263 0.32%
TER $225,469 466 0.32%
AFRM $225,323 2,763 0.31%
RSP $218,824 1,028 0.31%
IJS $202,543 1,482 0.28%
GOVI $201,344 7,416 0.28%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
EH Trimmed -139K -$13.9M
ARCM Trimmed -12K -$1.2M
AMD Trimmed -138 +$685K
TDUP Bought more +23K +$433K
HPF Trimmed -27K -$356K
NIO Trimmed -41K -$329K
CAT Bought more +28 +$326K
XLK Trimmed -785 +$242K
OSCR Trimmed -9K +$238K
XLP Bought more +3K +$223K

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
COST Sept. 30, 2025 697 $689,988 -0.5%
WDC March 31, 2026 3,801 $654,798 53.5%
ADBE March 31, 2026 1,772 $620,182 -2.2%
SHOP Dec. 31, 2025 4,165 $618,961 -6.0%
V Dec. 31, 2025 1,791 $611,412 2.8%
BSJP Dec. 31, 2025 26,488 $610,813 No longer tracked
SNEX Dec. 31, 2025 5,949 $600,373 3.8%
MEDP March 31, 2026 1,047 $588,048 24.8%
EXPE Dec. 31, 2025 2,741 $585,889 -6.5%
JBL Dec. 31, 2025 2,684 $582,884 33.5%
CRM Dec. 31, 2025 2,381 $564,297 -11.4%
CL Dec. 31, 2025 6,959 $556,302 6.6%
EXEL June 30, 2026 12,095 $518,755 7.3%
DYNF Sept. 30, 2025 9,069 $493,898
CTAS June 30, 2025 2,269 $466,348 -13.4%
JPM June 30, 2026 1,544 $454,183 1.5%
CRM June 30, 2026 2,292 $427,848 49.8%
LRCX June 30, 2026 1,996 $426,465 -19.8%
OEF Sept. 30, 2025 1,303 $396,568
QCOM June 30, 2026 3,059 $393,938 0.0%
IEFA Dec. 31, 2025 4,340 $378,925
SLV Dec. 31, 2025 8,148 $345,231 -15.0%
RSP March 31, 2026 1,586 $303,814 10.0%
EFV Sept. 30, 2025 4,680 $297,086
GILD Dec. 31, 2025 2,637 $292,707 17.9%
KO Dec. 31, 2025 4,412 $292,604 22.5%
GS Sept. 30, 2025 409 $289,470 13.3%
BRK-B (filed as BRKB) Sept. 30, 2025 592 $287,576 No longer tracked
NKE June 30, 2025 4,382 $278,169 -52.3%
BOND June 30, 2025 2,975 $275,098 -4.9%
MOH Dec. 31, 2025 1,436 $274,793 9.2%
VEA Dec. 31, 2025 4,441 $266,105
CW Dec. 31, 2025 479 $260,068 -1.0%
CRDO Sept. 30, 2025 2,807 $259,900 50.2%
VTV March 31, 2026 1,347 $257,264
COR Dec. 31, 2025 815 $254,712 -8.5%
HQY Dec. 31, 2025 2,620 $248,297 -1.7%
PBH Dec. 31, 2025 3,910 $243,984 -26.6%
SPY Sept. 30, 2025 393 $242,815 No longer tracked
ADME Sept. 30, 2025 4,884 $235,409
MTUM Sept. 30, 2025 978 $235,033
MO Sept. 30, 2025 3,996 $234,285 2.0%
NBIS Sept. 30, 2025 4,190 $231,833 116.3%
SFM Dec. 31, 2025 2,115 $230,112 -19.1%
GOVI Dec. 31, 2025 8,273 $229,658
IVV June 30, 2025 407 $228,693
VRIG June 30, 2026 9,030 $226,066
TOST March 31, 2026 6,335 $224,956 12.4%
DAVE June 30, 2025 2,708 $223,843 29.1%
LNTH March 31, 2026 3,351 $223,009 31.8%
BKLN Sept. 30, 2025 10,534 $220,371
CSCO Sept. 30, 2025 3,149 $218,478 64.0%
EFG Sept. 30, 2025 1,947 $218,064
APP June 30, 2025 813 $215,421 -23.4%
SNOW Sept. 30, 2025 954 $213,477 51.2%
ORCL Sept. 30, 2025 971 $212,290 -49.4%
AMZN Dec. 31, 2025 958 $210,348 9.0%
EAT Sept. 30, 2025 1,136 $204,855 59.5%
LUNR June 30, 2026 10,978 $203,752 -31.2%
TOST Sept. 30, 2025 4,584 $203,025 -18.4%
ACIO March 31, 2026 4,618 $201,807
NUTX Sept. 30, 2025 1,607 $200,055 109.5%
LEU Sept. 30, 2025 1,092 $200,033 -55.1%
SSRM Sept. 30, 2025 15,579 $198,903 36.2%
CLBT Sept. 30, 2025 10,800 $172,800 -40.3%
ARDC Sept. 30, 2025 11,755 $167,156 -18.3%
BIZD Sept. 30, 2025 10,104 $164,493
MFIC Sept. 30, 2025 11,780 $148,664 -28.1%
ENVX March 31, 2026 16,565 $121,090 -45.9%
QS June 30, 2025 12,500 $52,000 -32.0%
LCID (filed as LCIDXXXX) June 30, 2025 14,600 $35,332 -80.4%
EVGO June 30, 2026 11,970 $20,588 -27.7%
GERN Dec. 31, 2025 10,600 $14,522 -9.1%