Sector breakdown

04
Consumer Discretionary 2.4%
Financials 1.3%
Technology 1.2%
Communication Services 1.1%
Industrials 0.7%
Retail 0.2%
Healthcare 0.2%
Consumer products 0.1%
Materials 0.1%
Real Estate 0.1%
Other/Unmapped 92.6%

Full portfolio 138 positions

05
Type Streak 8Q trend
SPY SPY $56,007,750 11.95% 75,000 Put option Up ×1
VOO Vanguard S&P 500 ETF $47,796,851 10.19% 69,593 $14,946,540 Up ×6
VTI Vanguard Morningstar Total Stock Market ETF $25,725,522 5.49% 69,521 $9,514,560 Up ×6
PAAA PGIM ETF Trust $25,308,817 5.40% 493,638 $16,611,134 Up ×4
SPY SPY $19,732,740 4.21% 26,424 $2,300,376 Down ×2
IWM iShares Russell 2000 Index Fund $14,352,384 3.06% 47,770 $4,302,928 Up ×4
RSP Invesco Exchange-Traded Fund Trust $14,332,487 3.06% 67,361 $5,030,317 Up ×2
VLUE iShares MSCI USA Value Factor ETF $13,778,686 2.94% 68,959 Up ×1
SPMO Invesco S&P 500 Momentum ETF $11,499,252 2.45% 71,185 Up ×1
SMH SMH $10,921,137 2.33% 16,651 Up ×1
IDV iShares International Select Dividend ETF $10,748,446 2.29% 259,436 Up ×1
GLD SPDR Gold Shares $9,802,592 2.09% 26,610 $-486,072 Up ×1
IVV iShares Trust $9,523,268 2.03% 12,717 Up ×1
IWY iShares Russell Top 200 Growth ETF $8,572,128 1.83% 29,496 Up ×1
OEF iShares Trust $8,562,941 1.83% 23,404 $8,467,520 Up ×1
QQQM Invesco NASDAQ 100 ETF $8,351,148 1.78% 27,564 $7,669,891 Up ×1
AVDV AMERICAN CENTURY ETF TRUST $8,277,821 1.77% 80,328 Up ×1
QQQ Invesco QQQ Trust, Series 1 $6,826,589 1.46% 9,270 $6,108,000 Up ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $6,812,110 1.45% 77,516 $6,767,564 Up ×1
IWM iShares Russell 2000 Index Fund $6,609,900 1.41% 22,000 Put option Up ×1
EMXC iShares MSCI Emerging Markets ex China ETF $6,360,609 1.36% 62,176 $3,046,506 Up ×5
XCOR FundX Investment Trust $5,868,827 1.25% 64,774 Up ×1
XLG Invesco Exchange-Traded Fund Trust $5,314,596 1.13% 86,797 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $4,737,297 1.01% 13,256 $1,476,079 Up ×1
EWY iShares MSCI South Korea ETF $4,328,666 0.92% 21,440 $3,087,249 Up ×1
MTUM iShares Trust $4,267,174 0.91% 12,447 Up ×1
SNPE Xtrackers S&P 500 Scored & Screened ETF $3,726,388 0.79% 54,115 Up ×1
AOR iShares Trust $3,703,933 0.79% 53,294 Up ×1
SCHB SCHWAB STRATEGIC TRUST $3,514,019 0.75% 121,340 $3,473,106 Up ×1
MGK VANGUARD WORLD FUND $3,259,106 0.70% 37,073 Up ×1
XRLX FundX Investment Trust $3,188,695 0.68% 64,454 Up ×1
AOM iShares Trust $3,119,634 0.67% 62,530 Up ×1
CLOZ Series Portfolios Trust $3,076,638 0.66% 116,451 $1,946,515 Up ×1
JAAA Janus Henderson AAA CLO ETF $3,051,246 0.65% 60,433 $2,894,142 Up ×1
AAPL Apple Inc. - Common Stock $3,049,565 0.65% 10,539 $2,887,647 Up ×2
FNDF SCHWAB STRATEGIC TRUST $3,013,359 0.64% 57,114 Up ×1
DSI iShares Trust $2,867,592 0.61% 20,139 Up ×1
IJH iShares Trust $2,838,476 0.61% 36,811 $1,994,216 Up ×2
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $2,808,198 0.60% 52,815 Up ×1
ILCG iShares Morningstar Large-Cap Growth ETF $2,757,927 0.59% 23,568 Up ×1
SCHG SCHWAB STRATEGIC TRUST $2,727,910 0.58% 80,612 $2,707,752 Up ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $2,372,090 0.51% 24,597 Up ×1
VUG Vanguard Morningstar Growth ETF $2,254,264 0.48% 26,170 Up ×1
PXF Invesco Exchange-Traded Fund Trust II $2,228,788 0.48% 29,466 Up ×1
SUSA iShares ESG Optimized MSCI USA ETF $2,196,306 0.47% 14,234 Up ×1
CLOA iShares AAA CLO Active ETF $2,166,983 0.46% 41,745 Up ×1
SCHX SCHWAB STRATEGIC TRUST $2,107,571 0.45% 71,613 Up ×1
AGG iShares Trust $1,898,634 0.40% 19,182 Up ×1
AOK iShares Trust $1,694,770 0.36% 40,858 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,523,066 0.32% 4,653 $1,345,393 Up ×1
CLOB VanEck ETF Trust $1,517,968 0.32% 30,052
RPG Invesco Exchange-Traded Fund Trust $1,506,442 0.32% 23,593 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $1,277,494 0.27% 24,375 Up ×1
EFIV SPDR SERIES TRUST $1,258,834 0.27% 17,261 Up ×1
VONG Vanguard Russell 1000 Growth ETF $1,250,749 0.27% 9,786 Up ×1
UNP Union Pacific Corporation Common Stock $1,206,048 0.26% 4,434 Up ×1
XLU XLU $1,193,077 0.25% 26,314 $1,102,031 Up ×3
XBI SPDR SERIES TRUST $1,189,094 0.25% 7,514 Up ×1
PBW Invesco Exchange-Traded Fund Trust $1,111,999 0.24% 28,505 Up ×1
MSFT Microsoft Corporation - Common Stock $1,091,830 0.23% 2,927 $843,446 Up ×1
SLV iShares Silver Trust $1,070,844 0.23% 20,027 $-2,721,828 Down ×2
IWC iShares Microcap ETF $1,069,614 0.23% 5,347 $850,150 Up ×1
ONEQ Fidelity Nasdaq Composite Index ETF $1,022,910 0.22% 9,910 Up ×1
IBM International Business Machines Corporation Common Stock $998,577 0.21% 3,551 $56,649 Down ×3
VSGX Vanguard ESG International Stock ETF $957,285 0.20% 11,626 Up ×1
XNAV FundX Investment Trust $951,709 0.20% 9,757 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $946,738 0.20% 1,892 $780,456 Up ×1
ITOT iShares Trust $932,725 0.20% 5,678 $460,997 Up ×1
COWZ Pacer Funds Trust $923,235 0.20% 14,843 Up ×1
HD Home Depot, Inc. (The) Common Stock $787,182 0.17% 2,232 $759,226 Up ×1
OWL Blue Owl Capital Inc. Class A Common Stock $743,750 0.16% 85,000 $652,450 Up ×1
SOXX iShares Trust $725,320 0.15% 1,132 $514,649 Up ×1
CPER United States Copper Index Fund ETV $721,209 0.15% 19,115 $208,030 Up ×1
QQMG Invesco ESG NASDAQ 100 ETF $703,849 0.15% 13,739 Up ×1
CVIE Morgan Stanley ETF Trust $694,384 0.15% 8,168 Up ×1
DFUV Dimensional ETF Trust $649,118 0.14% 11,800 $77,290
RTX RTX Corporation Common Stock $647,169 0.14% 3,411 Up ×1
QTUM Defiance Quantum ETF $647,013 0.14% 3,912 Up ×1
PG Procter & Gamble Company (The) Common Stock $637,884 0.14% 4,350 $623,440 Up ×1
JPUS JPMorgan Diversified Return U.S. Equity ETF $634,960 0.14% 4,528 Up ×1
BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest $615,037 0.13% 25,940 $136,499 Up ×2
IWF iShares Russell 1000 Growth Fund $614,890 0.13% 4,952 Up ×1
IBIT iShares Bitcoin Trust ETF $609,973 0.13% 18,323 $-123,849 Down ×3
NULG Nushares ETF Trust $578,628 0.12% 4,943 Up ×1
SCHD SCHWAB STRATEGIC TRUST $556,003 0.12% 17,534 $18,060
QAI New York Life Investments ETF Trust $524,734 0.11% 14,337 Up ×1
USMC Principal U.S. Mega-Cap ETF $490,496 0.10% 6,617 Up ×1
CVBF CVB Financial Corporation - Common Stock $477,632 0.10% 21,181 Up ×1
DGRO iShares Trust $467,624 0.10% 6,170 $151,814 Up ×1
EFV iShares Trust $464,429 0.10% 6,067 Up ×1
CMF iShares Trust $463,137 0.10% 8,035 Up ×1
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund $457,533 0.10% 7,461 Up ×1
HDV iShares Trust $454,101 0.10% 16,567 Up ×1
VIG Vanguard Div Appreciation ETF $450,761 0.10% 1,905 $412,910 Up ×1
IPKW Invesco International BuyBack Achievers ETF $443,031 0.09% 7,865 Up ×1
FBTC Fidelity Wise Origin Bitcoin Fund $426,268 0.09% 8,350 $-214,208 Down ×3
GSLC Goldman Sachs ETF Trust $419,711 0.09% 2,958 $49,576
VB Vanguard Morningstar Small-Cap ETF $408,474 0.09% 1,348 Up ×1
LIN Linde plc - Ordinary Shares $400,622 0.09% 772 $107,132 Up ×1
NVO Novo Nordisk A/S Common Stock $383,520 0.08% 8,000 $89,520

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VOO $47,796,851 10.19% up ×6
VTI $25,725,522 5.49% up ×6
PAAA $25,308,817 5.40% up ×4
IWM $14,352,384 3.06% up ×4
EMXC $6,360,609 1.36% up ×5
XLU $1,193,077 0.25% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SPY $56,007,750 75,000 11.95%
VLUE $13,778,686 68,959 2.94%
SPMO $11,499,252 71,185 2.45%
SMH $10,921,137 16,651 2.33%
IDV $10,748,446 259,436 2.29%
IVV $9,523,268 12,717 2.03%
IWY $8,572,128 29,496 1.83%
AVDV $8,277,821 80,328 1.77%
IWM $6,609,900 22,000 1.41%
XCOR $5,868,827 64,774 1.25%
XLG $5,314,596 86,797 1.13%
MTUM $4,267,174 12,447 0.91%
SNPE $3,726,388 54,115 0.79%
AOR $3,703,933 53,294 0.79%
MGK $3,259,106 37,073 0.70%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PAAA Bought more +324K +$16.6M
VOO Bought more +15K +$14.9M
VTI Bought more +19K +$9.5M
RSP Bought more +19K +$5.0M
IWM Bought more +7K +$4.3M
EWY Bought more +11K +$3.1M
EMXC Bought more +20K +$3.0M
SLV Trimmed -36K -$2.7M
SPY Trimmed -381 +$2.3M
IJH Bought more +24K +$2.0M

8 positions hidden — reported move looks larger than the position itself (data completeness check)

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
MPLX June 30, 2026 71,200 $4,063,384 2.6%
ET June 30, 2026 197,250 $3,806,925 No longer tracked
VBIL Sept. 30, 2025 50,000 $3,777,500
UUP June 30, 2026 94,850 $2,634,933
EPD June 30, 2026 62,739 $2,374,044 1.4%
OKE June 30, 2026 25,352 $2,291,567 2.6%
WMB June 30, 2026 30,450 $2,216,151 -2.6%
WES June 30, 2026 42,150 $1,735,316 5.5%
TRGP June 30, 2026 6,525 $1,636,013 6.6%
PPLT March 31, 2026 8,286 $1,544,759 -13.2%
PAA June 30, 2026 54,200 $1,210,286 8.1%
HESM June 30, 2026 29,000 $1,127,230 2.0%
FEZ Sept. 30, 2025 18,135 $1,083,204
LNG June 30, 2026 3,800 $1,078,288 15.2%
XOP June 30, 2026 5,225 $950,062
BBJP March 31, 2026 13,945 $919,115
TRP June 30, 2026 13,370 $836,962 -9.5%
COM June 30, 2026 16,803 $564,077
KBA Dec. 31, 2025 16,695 $502,019
VGSH June 30, 2026 7,880 $461,295
VG June 30, 2026 25,000 $394,000 21.4%
PALL March 31, 2026 2,690 $391,072 -21.1%
SUN June 30, 2026 5,680 $369,030 No longer tracked
FXE Dec. 31, 2025 3,400 $368,458
URA June 30, 2026 7,000 $339,010 -4.1%
GOOG June 30, 2026 1,129 $323,865 -2.5%
VO June 30, 2026 867 $248,985 0.5%
VXF June 30, 2026 1,198 $246,548 -3.2%
XLE June 30, 2026 3,943 $241,548 20.2%
PBA June 30, 2026 5,001 $223,845 1.0%
KWEB March 31, 2026 6,500 $221,325
USO June 30, 2026 1,650 $209,963 36.1%
STIP Dec. 31, 2025 2,000 $206,736
VPU June 30, 2026 902 $178,722
SU June 30, 2026 2,700 $178,497 27.8%
FLIN Sept. 30, 2025 4,100 $163,303
DFAT Sept. 30, 2025 3,000 $161,880
MO June 30, 2026 2,315 $152,767 -4.7%
HECA June 30, 2026 4,900 $141,463
KO June 30, 2026 1,606 $122,136 6.0%
DIS June 30, 2026 1,250 $120,475 8.1%
ED June 30, 2026 1,042 $117,934 -5.3%
CNQ June 30, 2026 2,400 $116,952 21.8%
PSX June 30, 2026 612 $111,494 58.8%
QUAL June 30, 2026 568 $108,948
VHT June 30, 2026 398 $108,387
ABBV June 30, 2026 472 $102,655 6.0%
SOBO June 30, 2026 2,674 $89,098 -3.0%
AEE June 30, 2026 796 $87,496 -10.8%
META June 30, 2026 150 $85,820 31.2%
MOAT June 30, 2026 829 $80,164
GD June 30, 2026 230 $78,941 -6.5%
AVGO June 30, 2026 240 $74,282 -0.5%
MS June 30, 2026 444 $73,069 -8.6%
XLV June 30, 2026 495 $72,572 5.7%
BP June 30, 2026 1,500 $70,500 21.8%
HACK June 30, 2026 886 $66,530
IWV June 30, 2026 179 $66,352
PM June 30, 2026 389 $64,317 5.2%
IAU June 30, 2026 647 $57,040 3.8%
ETR June 30, 2026 506 $56,854 -10.1%
MCD March 31, 2026 183 $55,930 -25.1%
PEP June 30, 2026 352 $54,662 -6.3%
GIS June 30, 2025 904 $54,050 -37.9%
WM June 30, 2026 231 $53,081 -6.7%
AMLP June 30, 2026 1,000 $52,640
KIE June 30, 2026 912 $50,160 -1.5%
IYW June 30, 2026 270 $48,983 8.1%
PGX June 30, 2025 4,258 $47,775
EWS June 30, 2026 1,675 $47,269 12.1%
AIQ June 30, 2026 886 $41,350
HON June 30, 2026 172 $38,877 -5.2%
SIXG June 30, 2026 564 $38,451 No longer tracked
SO June 30, 2026 370 $35,712 -11.4%
SDIV June 30, 2026 1,405 $35,490 -3.1%
CVX June 30, 2026 170 $35,173 25.2%
VIS June 30, 2026 110 $34,344
LMT June 30, 2026 51 $30,824 0.1%
LLY June 30, 2026 28 $25,754 -3.4%
IJR June 30, 2026 202 $25,111 -6.8%
DUK March 31, 2026 212 $24,849 -11.7%
EMR June 30, 2026 185 $24,239 12.7%
AZO June 30, 2026 7 $23,644 -9.1%
ORCL June 30, 2026 151 $22,214 -0.9%
SHE June 30, 2026 149 $19,044
TSLX June 30, 2026 1,000 $18,380 2.6%
SHLD June 30, 2026 255 $18,064
DYNF June 30, 2026 292 $16,989
MA June 30, 2026 22 $10,993 10.6%
UNH June 30, 2026 36 $9,741 -9.5%
CLOB March 31, 2026 185 $9,373
XLP June 30, 2026 100 $8,198 No longer tracked
CSCO March 31, 2026 100 $7,703 52.0%
EEMS June 30, 2026 105 $7,264
LIT June 30, 2026 75 $5,576 -11.8%
BA June 30, 2026 25 $4,976 -12.3%
AMLP Sept. 30, 2025 100 $4,886
SOLS June 30, 2026 42 $3,199 -30.8%
ARGT Sept. 30, 2025 25 $2,118
INDA Dec. 31, 2025 30 $1,562
FEZ June 30, 2026 20 $1,242
FETH June 30, 2026 50 $1,044
ETHA June 30, 2026 50 $792
FXY Sept. 30, 2025 10 $639