Sector breakdown

04
Technology 3.0%
Consumer Discretionary 1.7%
Communication Services 1.5%
Financials 1.3%
Retail 1.3%
Energy 1.2%
Industrials 1.0%
Materials 0.3%
Consumer Staples 0.2%
Other/Unmapped 88.5%

Full portfolio 64 positions

05
Type Streak 8Q trend
SPY SPY $126,801,546 37.66% 169,800 Put option $119,582,772 Up ×1
AAXJ iShares MSCI All Country Asia ex Japan ETF $37,620,572 11.17% 315,265 $8,063,201 Up ×5
VGK VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $21,395,337 6.35% 241,646 $2,233,659 Up ×6
QTUM Defiance Quantum ETF $18,016,993 5.35% 108,943 $6,887,193 Up ×1
VTI VANGUARD INDEX FUNDS $15,254,899 4.53% 41,225 $2,533,178 Up ×1
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $14,685,366 4.36% 76,586 $2,701,495 Up ×2
SETM Sprott Critical Materials ETF $12,596,523 3.74% 404,253 $-401,238 Up ×2
SIL Global X Funds $9,519,741 2.83% 122,772 $-1,398,969 Up ×3
EZU iShares, Inc. $6,667,483 1.98% 95,935 $907,923 Up ×5
GDX VanEck ETF Trust $5,523,317 1.64% 73,205
ADI Analog Devices, Inc. - Common Stock $4,638,151 1.38% 11,678 $1,055,576 Up ×1
IDV iShares Trust $4,448,505 1.32% 107,374 $-121,332
GOOGL Alphabet Inc. - Class A Common Stock $4,339,544 1.29% 12,143 Up ×1
MS Morgan Stanley Common Stock $4,300,580 1.28% 20,573 Up ×1
AAPL Apple Inc. - Common Stock $4,209,609 1.25% 14,548 $3,981,198 Up ×1
HAL Halliburton Company Common Stock $4,083,370 1.21% 120,276 $-438,378 Up ×1
WMT Walmart Inc. - Common Stock $3,823,046 1.14% 33,771 $-229,896 Up ×1
MAR Marriott International - Class A Common Stock $3,816,706 1.13% 10,299 Up ×1
Unknown issuer (CUSIP: 26614N201) $3,449,190 1.02% 25,429 Up ×1
FDX FedEx Corporation Common Stock $3,440,672 1.02% 10,988 $-327,356 Up ×2
VOO VANGUARD INDEX FUNDS $2,204,660 0.65% 3,210 $279,354 Down ×1
EEM iShares, Inc. $1,778,660 0.53% 26,000 Put option
EWL iShares, Inc. $1,738,054 0.52% 27,654 $142,833 Up ×5
IVV iShares Trust $1,402,151 0.42% 1,868 $181,699
EEMA iShares MSCI Emerging Markets Asia ETF $1,115,097 0.33% 9,534 $202,359
COPX Global X Funds $947,116 0.28% 12,305 $242,176 Up ×2
VT VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $938,090 0.28% 5,977 $111,351
IEUR iShares Trust $904,070 0.27% 12,027 $42,981 Down ×1
SMH SMH $879,548 0.26% 1,341 Up ×1
PICK iShares, Inc. $828,638 0.25% 14,250 $22,230
EEM iShares, Inc. $752,510 0.22% 11,000 $127,820
LVHI Legg Mason ETF Investment Trust $741,092 0.22% 18,258 $1,826
CSCO Cisco Systems, Inc. - Common Stock $724,611 0.22% 6,169 Up ×1
IEMG iShares, Inc. $724,436 0.22% 8,745 $114,472
ITA iShares Trust $724,109 0.22% 2,987 $71,300
CDE Coeur Mining, Inc. Common Stock $723,482 0.21% 44,331 $-190,373 Down ×1
DIVO Amplify ETF Trust $655,997 0.19% 14,356 $12,130
EWJ iShares, Inc. $626,681 0.19% 6,719 $59,329
EWU iShares Trust $606,741 0.18% 13,150 $7,627
QQQ Invesco QQQ Trust, Series 1 $564,082 0.17% 766 $121,962
ENOR iShares Trust $535,617 0.16% 17,047 $-94,270
MXI iShares Trust $491,203 0.15% 4,641 $-1,764
EWO iShares, Inc. $455,205 0.14% 10,755 $73,940
CRAK VanEck ETF Trust $452,816 0.13% 11,200 $-68,768
NVDA NVIDIA Corporation - Common Stock $440,198 0.13% 2,200 $56,518
RGLD Royal Gold, Inc. - Common Stock $430,160 0.13% 2,155 $-136,080 Down ×1
MCD McDonald's Corporation Common Stock $405,465 0.12% 1,500 $-60,720
AMZN Amazon.com, Inc. - Common Stock $388,494 0.12% 1,630 $49,014
EWS iShares, Inc. $383,716 0.11% 12,959 $18,013
ILF iShares Trust $380,059 0.11% 11,261 $-19,932
TSM Taiwan Semiconductor Manufacturing Company Ltd. $378,713 0.11% 793 Up ×1
EWP iShares, Inc. $363,764 0.11% 6,125 $31,115
URTH iShares, Inc. $362,821 0.11% 1,791 $40,334
AMD Advanced Micro Devices, Inc. - Common Stock $340,413 0.10% 586 Up ×1
EWZ iShares, Inc. $310,500 0.09% 9,000 $-35,010
NKE Nike, Inc. Common Stock $295,560 0.09% 7,200 $-84,744
EWI iShares, Inc. $287,669 0.09% 4,856 $28,261
KO Coca-Cola Company (The) Common Stock $284,445 0.08% 3,500 $18,270
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $282,490 0.08% 4,574 $15,048
FSZ First Trust Switzerland AlphaDEX Fund $270,403 0.08% 3,300 $8,714
BKNG Booking Holdings Inc. - Common Stock $267,360 0.08% 1,500 $14,741 Up ×2
EUAD Spinnaker ETF Series $257,003 0.08% 6,093 $8,774
LRCX Lam Research Corporation - Common Stock $233,998 0.07% 540 Up ×1
FJP First Trust Japan AlphaDEX Fund $226,533 0.07% 2,968 $11,056

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AAXJ $37,620,572 11.17% up ×5
VGK $21,395,337 6.35% up ×6
SIL $9,519,741 2.83% up ×3
EZU $6,667,483 1.98% up ×5
EWL $1,738,054 0.52% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GDX $5,523,317 73,205 1.64%
GOOGL $4,339,544 12,143 1.29%
MS $4,300,580 20,573 1.28%
MAR $3,816,706 10,299 1.13%
Unknown issuer (CUSIP: 26614N201) $3,449,190 25,429 1.02%
EEM $1,778,660 26,000 0.53%
SMH $879,548 1,341 0.26%
CSCO $724,611 6,169 0.22%
TSM $378,713 793 0.11%
AMD $340,413 586 0.10%
LRCX $233,998 540 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AAXJ Bought more +8K +$8.1M
QTUM Bought more +5K +$6.9M
GRID Bought more +3K +$2.7M
VTI Bought more +2K +$2.5M
VGK Bought more +9K +$2.2M
SIL Bought more +1K -$1.4M
ADI Bought more +417 +$1.1M
EZU Bought more +4K +$908K
HAL Bought more +4K -$438K
SETM Bought more +11K -$401K

2 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
SPMO March 31, 2026 82,658 $9,863,579
GDX March 31, 2026 83,874 $7,193,873 -4.3%
IHI Sept. 30, 2025 99,719 $6,246,398 -14.1%
GLD June 30, 2026 12,300 $5,292,567
XOM June 30, 2026 27,902 $4,733,853 20.0%
RBLX Dec. 31, 2025 33,720 $4,670,894 -45.6%
KLAC June 30, 2025 6,316 $4,293,617 -76.9%
GILD June 30, 2026 29,711 $4,140,822 14.6%
MNST June 30, 2026 51,130 $3,704,880 -10.7%
DD June 30, 2026 80,751 $3,698,396 -4.2%
MCK June 30, 2026 3,958 $3,425,095 19.4%
NEM March 31, 2026 9,981 $996,603 6.8%
MSFT June 30, 2025 1,788 $671,197 4.0%
HACK March 31, 2026 7,468 $600,203
AMLP Dec. 31, 2025 12,407 $582,261
XOM June 30, 2025 4,677 $556,236 52.1%
ABBV June 30, 2025 2,497 $523,171 41.6%
EWG June 30, 2026 13,169 $522,414
VZ June 30, 2025 11,396 $516,923 6.1%
TRV Sept. 30, 2025 1,808 $483,712 29.1%
ROBO June 30, 2025 7,277 $374,766
IWM Sept. 30, 2025 1,672 $360,801 16.5%
URNM Dec. 31, 2025 5,928 $358,229 -13.6%
IXJ Sept. 30, 2025 4,150 $357,274 17.2%
KNG Sept. 30, 2025 7,258 $356,368
VTV Dec. 31, 2025 1,817 $338,852
PPA June 30, 2026 1,897 $308,225
CBRE Dec. 31, 2025 1,915 $301,727 -19.4%
KO Sept. 30, 2025 4,166 $294,745 29.1%
STLD June 30, 2025 2,282 $285,433 81.2%
SCCO June 30, 2026 1,649 $283,727 20.8%
SONY March 31, 2026 10,000 $256,000 15.1%
SILJ June 30, 2025 20,830 $252,460
MO March 31, 2026 4,219 $243,268 2.1%
ICE Sept. 30, 2025 1,320 $242,180 -10.9%
XRAY March 31, 2026 21,111 $241,299 -25.3%
NKE Dec. 31, 2025 3,366 $234,711 -46.8%
T Dec. 31, 2025 8,167 $230,636 -2.2%
CME Sept. 30, 2025 828 $228,213 -2.6%
VICI Dec. 31, 2025 6,629 $216,172 -19.5%
NLR June 30, 2025 2,919 $213,875 -4.9%
CVX June 30, 2025 1,271 $212,626 44.3%
URNM June 30, 2026 3,259 $205,806 -9.8%