Sector breakdown

04
Technology 0.1%
Communication Services 0.0%
Retail 0.0%
Consumer Discretionary 0.0%
Financials 0.0%
Industrials 0.0%
Energy 0.0%
Healthcare 0.0%
Consumer products 0.0%
Utilities 0.0%
Real Estate 0.0%
Consumer Staples 0.0%
Other/Unmapped 99.8%

Full portfolio 675 positions

05
Type Streak 8Q trend
VEA Vanguard FTSE Developed Markets ETF $9,884,311 16.72% 138,727,174 $1,045,705 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $8,860,797 14.99% 23,945,511 $992,384 Down ×4
SPYM State Street SPDR Portfolio S&P 500 ETF $8,601,795 14.55% 97,881,145 $1,588,675 Up ×6
VWO Vanguard FTSE Emerging Markets ETF $3,216,208 5.44% 53,881,853 $331,466 Up ×1
MUB iShares Trust $2,264,273 3.83% 21,039,515 $185,460 Up ×3
ITOT iShares Trust $1,698,282 2.87% 10,338,360 $185,971 Down ×6
AGG iShares Trust $1,546,180 2.62% 15,621,139 $-826,907 Down ×2
JCPB JPMorgan Core Plus Bond ETF $1,333,876 2.26% 28,416,622 $1,040,349 Up ×6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $1,274,572 2.16% 18,865,773 $78,370 Down ×2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $1,106,159 1.87% 19,180,838 $187,163 Up ×5
VTV Vanguard Morningstar Value ETF $1,036,928 1.75% 4,758,077 $82,500 Down ×6
BNDX Vanguard Total International Bond ETF $983,202 1.66% 20,301,516 $51,004 Up ×1
IEFA iShares Core MSCI EAFE ETF $864,876 1.46% 8,955,018 $26,341 Down ×6
SCHX SCHWAB STRATEGIC TRUST $842,505 1.42% 28,627,429 $109,213 Up ×3
GSLC Goldman Sachs ETF Trust $810,425 1.37% 5,711,643 $88,541 Down ×2
JPST JPMorgan Ultra-Short Income ETF $695,754 1.18% 13,758,242 $4,824 Up ×6
VOE Vanguard Morningstar Mid-Cap Value ETF $692,949 1.17% 3,506,826 $3,395 Down ×6
VBR Vanguard Morningstar Small-Cap Value ETF $683,522 1.16% 2,812,964 $49,776 Down ×6
ESGU iShares ESG Aware MSCI USA ETF $664,270 1.12% 4,058,596 $92,662 Up ×6
GBIL Goldman Sachs ETF Trust $627,006 1.06% 6,260,043 $15,931 Up ×3
SCHF SCHWAB STRATEGIC TRUST $569,544 0.96% 20,561,168 $44,612 Down ×6
VWOB Vanguard Emerging Markets Government Bond ETF $505,706 0.86% 7,520,903 $131,259 Up ×4
TFI State Street SPDR Nuveen ICE Municipal Bond ETF $505,160 0.85% 11,029,685 $-19,133 Down ×4
STIP iShares 0-5 Year TIPS Bond ETF $465,218 0.79% 4,553,816 $1,068 Up ×5
IEMG iShares, Inc. $447,332 0.76% 5,399,957 $53,004 Down ×6
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $444,997 0.75% 4,614,236 $-62,951 Down ×6
SCHB SCHWAB STRATEGIC TRUST $442,860 0.75% 15,292,144 $48,342 Down ×6
ESGD iShares ESG Aware MSCI EAFE ETF $408,427 0.69% 3,972,639 $33,703 Up ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $403,261 0.68% 8,002,796 $25,903 Down ×1
VTEB Vanguard Tax-Exempt Bond ETF $357,194 0.60% 7,061,952 $11,455 Up ×6
CRBN iShares Trust $330,460 0.56% 1,306,320 $40,487 Up ×1
VOO Vanguard S&P 500 ETF $264,539 0.45% 385,170 $36,017 Up ×3
IWS iShares Russell Mid-Cap Value ETF $228,222 0.39% 1,386,524 $12,701 Down ×6
VUG Vanguard Morningstar Growth ETF $168,309 0.28% 1,953,898 $27,762 Up ×6
ESGE iShares ESG Aware MSCI EM ETF $166,380 0.28% 3,042,236 $21,670 Down ×4
GSIE Goldman Sachs ActiveBeta International Equity ETF $162,037 0.27% 3,545,671 $20,135 Up ×2
DFAC Dimensional ETF Trust $156,352 0.26% 3,524,619 $23,174 Up ×6
IWN iShares Russell 2000 Value ETF $143,092 0.24% 646,889 $15,589 Down ×6
VOTE TCW Transform 500 ETF $142,884 0.24% 1,620,553 $19,626 Up ×6
SCHV SCHWAB STRATEGIC TRUST $134,632 0.23% 3,867,616 $12,603 Down ×6
SPYV State Street SPDR Portfolio S&P 500 Value ETF $131,230 0.22% 2,158,735 $4,075 Down ×6
IAGG iShares International Aggregate Bond Fund $127,388 0.22% 2,517,551 $16,121 Up ×4
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF $121,073 0.20% 1,981,562 $16,536 Up ×6
SPEM State Street SPDR Portfolio Emerging Markets ETF $108,730 0.18% 2,099,840 $7,933 Down ×1
IVV iShares Trust $108,404 0.18% 144,753 $12,524 Down ×1
KOMP SPDR SERIES TRUST $107,298 0.18% 1,500,675 $20,407 Up ×1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF $105,299 0.18% 2,024,982 $15,796 Down ×2
JMSI JPMorgan Sustainable Municipal Income ETF $100,096 0.17% 1,984,457 $15,641 Up ×6
ESML iShares Trust $99,339 0.17% 1,776,129 $15,208 Down ×1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF $91,571 0.15% 1,885,719 $8,729 Up ×1
EAGG iShares Trust $85,924 0.15% 1,812,365 $6,992 Up ×6
FWD AB Active ETFs, Inc. $85,922 0.15% 580,084 $23,313 Up ×5
BND Vanguard Total Bond Market ETF $81,610 0.14% 1,111,698 $-36,350 Down ×4
EFAX SPDR INDEX SHARES FUNDS $79,805 0.13% 1,474,589 $8,550 Up ×1
ESGV VANGUARD WORLD FUND $78,824 0.13% 596,067 $10,895 Down ×1
IVE iShares Trust $77,655 0.13% 342,003 $2,173 Down ×6
VO Vanguard Morningstar Mid-Cap ETF $75,751 0.13% 940,189 $1,647 Up ×3
QQQM Invesco NASDAQ 100 ETF $74,016 0.13% 244,300 $26,246 Up ×6
BGRN iShares USD Green Bond ETF $71,652 0.12% 1,509,423 $6,089 Up ×3
GSSC Goldman Sachs ETF Trust $70,701 0.12% 774,716 $13,809 Up ×1
USHY iShares Broad USD High Yield Corporate Bond ETF $70,673 0.12% 1,909,046 $452 Up ×6
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $69,330 0.12% 1,380,243 $-3,849 Down ×6
VB Vanguard Morningstar Small-Cap ETF $68,378 0.12% 225,580 $7,920 Down ×1
IGEB iShares Investment Grade Systematic Bond ETF $67,139 0.11% 1,488,332 $-1,774 Down ×1
SHV iShares 0-1 Year Treasury Bond ETF $66,187 0.11% 599,791 $-5,767 Down ×6
SCHA SCHWAB STRATEGIC TRUST $63,357 0.11% 1,753,579 $9,853 Down ×1
DFIC Dimensional ETF Trust $62,224 0.11% 1,669,988 $5,952 Up ×6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF $60,661 0.10% 1,160,306 $5,824 Up ×6
BINC iShares Flexible Income Active ETF $58,500 0.10% 1,117,683 $27,151 Up ×4
DFCF Dimensional ETF Trust $57,066 0.10% 1,351,950 $4,014 Up ×6
IEF iShares 7-10 Year Treasury Bond ETF $56,518 0.10% 597,634 $40,484 Up ×6
BSV VANGUARD BOND INDEX FUNDS $51,667 0.09% 663,160 $2,401 Up ×6
GMUB Goldman Sachs Municipal Income ETF $51,666 0.09% 1,004,401 $3,888 Up ×4
VV Vanguard Morningstar Large-Cap ETF $50,613 0.09% 147,169 $3,403 Down ×1
DSI iShares Trust $48,117 0.08% 337,922 $5,731 Down ×6
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF $45,574 0.08% 1,107,239 $1,944 Up ×6
VPLS Vanguard Core Plus Bond ETF $45,179 0.08% 582,358 $31,473 Up ×1
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF $44,396 0.08% 908,825 $2,130 Up ×6
QQQ Invesco QQQ Trust, Series 1 $43,722 0.07% 59,372 $5,259 Down ×5
SUSA iShares ESG Optimized MSCI USA ETF $41,802 0.07% 270,917 $4,852 Down ×4
VIG Vanguard Div Appreciation ETF $40,913 0.07% 172,908 $6,707 Up ×1
VXUS Vanguard Total International Stock ETF $40,052 0.07% 468,494 $6,476 Up ×6
SUSC iShares ESG Aware USD Corporate Bond ETF $39,381 0.07% 1,701,109 $2,511 Up ×1
DFEM Dimensional ETF Trust $37,935 0.06% 933,438 $5,960 Up ×4
QLTA iShares Trust $37,107 0.06% 780,865 $19,157 Up ×2
IBIT iShares Bitcoin Trust ETF $35,607 0.06% 1,069,608 $-8,214 Down ×2
DFLV Dimensional ETF Trust $33,351 0.06% 843,473 $4,384 Up ×6
SGOV iShares Trust $32,765 0.06% 325,467 $12,219 Up ×4
DFAI Dimensional ETF Trust $31,645 0.05% 767,154 $2,146 Up ×1
CLOA iShares AAA CLO Active ETF $30,417 0.05% 585,958 $12,353 Up ×2
EEMX SPDR INDEX SHARES FUNDS $30,158 0.05% 556,930 $4,271 Down ×6
JUST Goldman Sachs ETF Trust $29,353 0.05% 275,103 $4,716 Up ×6
GEMD Goldman Sachs ETF Trust $28,578 0.05% 672,741 $2,383 Up ×6
DCOR Dimensional ETF Trust $28,030 0.05% 341,912 $3,298 Down ×1
BNDW Vanguard Total World Bond ETF $28,023 0.05% 408,910 $2,602 Up ×5
DFAU Dimensional ETF Trust $27,721 0.05% 536,301 $2,531 Down ×5
DFAT Dimensional ETF Trust $26,575 0.04% 380,189 $3,675 Up ×2
QUAL iShares Trust $25,938 0.04% 118,205 $6,168 Up ×3
VOT Vanguard Morningstar Mid-Cap Growth ETF $25,926 0.04% 84,642 $2,603 Down ×1
BIV VANGUARD BOND INDEX FUNDS $24,194 0.04% 315,442 $272 Up ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYM $8,601,795 14.55% up ×6
MUB $2,264,273 3.83% up ×3
JCPB $1,333,876 2.26% up ×6
SPSM $1,106,159 1.87% up ×5
SCHX $842,505 1.42% up ×3
JPST $695,754 1.18% up ×6
ESGU $664,270 1.12% up ×6
GBIL $627,006 1.06% up ×3
VWOB $505,706 0.86% up ×4
STIP $465,218 0.79% up ×5
VTEB $357,194 0.60% up ×6
VOO $264,539 0.45% up ×3
VUG $168,309 0.28% up ×6
DFAC $156,352 0.26% up ×6
VOTE $142,884 0.24% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
EUHY $12,115 224,944 0.02%
Unknown issuer (CUSIP: 84615Q103) $2,388 13,978 0.00%
FIX $1,377 695 0.00%
BE $1,332 4,400 0.00%
STNG $1,062 15,338 0.00%
LEMB $957 22,550 0.00%
MRVL $604 2,028 0.00%
CWB $529 4,906 0.00%
CVIE $496 5,835 0.00%
IBM $480 1,706 0.00%
AMAT $467 646 0.00%
NOW $459 4,624 0.00%
PAAA $443 8,648 0.00%
CVLC $416 4,399 0.00%
Unknown issuer (CUSIP: 77926X320) $412 5,577 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Bought more +6.3M +$1.6M
VEA Bought more +796K +$1.0M
JCPB Bought more +22.2M +$1.0M
VTI Trimmed -581K +$992K
AGG Trimmed -8.3M -$827K
VWO Bought more +510K +$331K
SPSM Bought more +162K +$187K
ITOT Trimmed -280K +$186K
MUB Bought more +1.5M +$185K
VWOB Bought more +1.8M +$131K

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
FALN Dec. 31, 2025 1,131,975 $31,446
EMHY Dec. 31, 2025 147,330 $5,848
GINX June 30, 2025 54,243 $1,473
FETH June 30, 2025 58,498 $1,068
EUSB June 30, 2026 23,820 $1,036
RSSX March 31, 2026 22,928 $584
VDC June 30, 2025 2,435 $533
NACP June 30, 2026 10,985 $531
EQWL March 31, 2026 4,401 $520
IJK March 31, 2026 4,845 $469 9.9%
SPEU June 30, 2025 9,583 $422
OSCV March 31, 2026 10,176 $377
USXF March 31, 2026 6,537 $376
IJS March 31, 2026 2,989 $340 9.9%
SUSB March 31, 2026 13,447 $339
GHYB June 30, 2026 7,524 $335
ACWI Sept. 30, 2025 2,584 $332
LMBS Sept. 30, 2025 6,674 $329
QCOM March 31, 2026 1,858 $318 41.8%
GUNR June 30, 2025 7,795 $303
CALF Sept. 30, 2025 7,590 $302
HDV June 30, 2025 2,486 $301 20.7%
PFF March 31, 2026 9,520 $295
AXP March 31, 2026 793 $293 -0.2%
PFEB June 30, 2026 7,267 $291
WTMF June 30, 2026 7,251 $288
MINT June 30, 2026 2,845 $286
CRWD Sept. 30, 2025 558 $284 -44.9%
CSCO Sept. 30, 2025 4,093 $284 64.1%
XLI June 30, 2025 2,169 $284 15.3%
POCT Dec. 31, 2025 6,459 $278
SPIP June 30, 2025 9,988 $263 -6.6%
RF June 30, 2025 11,931 $259 15.7%
RWO March 31, 2026 5,720 $258
PEP June 30, 2026 1,654 $257 -8.0%
ACVF June 30, 2026 5,374 $256
PJAN Dec. 31, 2025 5,537 $254
FCX June 30, 2026 4,200 $247 15.0%
UOCT Dec. 31, 2025 6,411 $246
PJUL Dec. 31, 2025 5,361 $244
GLDM Sept. 30, 2025 3,685 $241 7.2%
ICOP June 30, 2026 5,036 $240
IBDR March 31, 2026 9,814 $238
WTV June 30, 2025 2,882 $237
COP June 30, 2026 1,764 $233 21.7%
PGR March 31, 2026 1,017 $232 5.4%
QHY March 31, 2026 5,002 $232
TPHD June 30, 2026 5,574 $231
BLOK March 31, 2026 4,000 $228
GE June 30, 2025 1,131 $226 19.8%
HYLS Dec. 31, 2025 5,325 $224
SCHJ June 30, 2026 9,040 $224 -2.0%
BBUS March 31, 2026 1,806 $223
FAD Dec. 31, 2025 1,391 $223
VONV June 30, 2026 2,384 $223
IBM March 31, 2026 748 $222 -8.7%
NUEM June 30, 2025 7,529 $220
NULV March 31, 2026 4,834 $218
IUS Sept. 30, 2025 4,159 $214
CMCSA Dec. 31, 2025 6,741 $212 -23.3%
VLUE Dec. 31, 2025 1,691 $211
PWV Sept. 30, 2025 3,369 $209
OUNZ June 30, 2026 4,584 $207
XMMO June 30, 2025 1,789 $204
GPIQ Dec. 31, 2025 3,825 $201
PEX March 31, 2026 8,153 $201
NULG Dec. 31, 2025 2,014 $200
PDBC Sept. 30, 2025 11,428 $149
BYND June 30, 2026 10,905 $8 1012.0%