Sector breakdown

04
Technology 12.4%
Financials 4.9%
Industrials 4.0%
Communication Services 3.7%
Healthcare 3.2%
Retail 2.7%
Energy 1.4%
Consumer products 1.2%
Real Estate 1.0%
Utilities 0.9%
Materials 0.5%
Consumer Discretionary 0.5%
Consumer Staples 0.3%
Other/Unmapped 63.4%

Full portfolio 286 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $254,805,430 9.33% 3,576,217 $29,644,211 Up ×4
IVV iShares Trust $226,910,469 8.30% 302,996 $39,110,411 Up ×6
IJH iShares Trust $204,408,015 7.48% 2,650,863 $31,760,684 Up ×6
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $167,570,889 6.13% 2,807,353 $20,439,399 Up ×6
DJP iPath Bloomberg Commodity Index Total Return ETN $102,881,654 3.77% 2,353,733 $-10,918,940 Down ×1
NVDA NVIDIA Corporation - Common Stock $90,864,590 3.33% 454,119 $11,315,924 Down ×6
AAPL Apple Inc. - Common Stock $82,505,426 3.02% 285,131 $10,357,677 Up ×1
VCRB Vanguard Core Bond ETF $82,112,166 3.01% 1,063,179 $8,181,281 Up ×3
IJR iShares Trust $68,953,871 2.52% 464,931 $11,055,082 Down ×6
MSFT Microsoft Corporation - Common Stock $62,273,772 2.28% 166,945 $4,750,255 Up ×2
JNK SPDR SERIES TRUST $61,607,790 2.25% 639,284 $5,654,738 Up ×6
ITOT iShares Trust $59,095,948 2.16% 359,749 $9,195,824 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $50,828,275 1.86% 142,229 $10,545,692 Up ×1
VO VANGUARD INDEX FUNDS $50,784,509 1.86% 630,315 $5,322,072 Up ×1
Unknown issuer (CUSIP: 02072Q275) $48,817,335 1.79% 857,606 $4,641,639 Down ×1
IEFA iShares Trust $47,442,394 1.74% 491,224 $3,704,833 Up ×1
IEMG iShares, Inc. $45,276,947 1.66% 546,559 $7,187,098 Up ×1
SCHM SCHWAB STRATEGIC TRUST $44,115,525 1.61% 1,196,515 $6,417,461 Down ×6
JPM JP Morgan Chase & Co. Common Stock $38,883,946 1.42% 118,791 $3,679,399 Down ×3
AMZN Amazon.com, Inc. - Common Stock $35,733,252 1.31% 149,926 $4,544,500 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $32,604,401 1.19% 95,608 $17,281,260 Up ×6
SPY SPY $32,278,851 1.18% 43,225 $7,120,668 Up ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $30,270,290 1.11% 313,877 $2,281,333 Up ×6
VB VANGUARD INDEX FUNDS $29,826,043 1.09% 98,397 $3,404,832 Down ×4
CAT Caterpillar, Inc. Common Stock $28,763,770 1.05% 27,011 $9,371,378 Down ×2
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $28,610,413 1.05% 341,617 $3,609,131 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $28,414,196 1.04% 56,784 $1,196,546 Down ×3
GEV GE Vernova Inc. Common Stock $28,325,344 1.04% 24,110 $5,475,031 Down ×4
COST Costco Wholesale Corporation - Common Stock $23,485,975 0.86% 25,106 $-1,002,127 Up ×2
CVX Chevron Corporation Common Stock $21,574,770 0.79% 130,157 $-4,728,795 Up ×2
ANET Arista Networks, Inc. Common Stock $21,062,291 0.77% 123,983 $4,967,018 Down ×4
ABBV AbbVie Inc. Common Stock $20,338,636 0.74% 80,824 $2,881,414 Up ×1
V Visa Inc. $18,260,498 0.67% 53,224 $1,979,963 Down ×6
AVGO Broadcom Inc. - Common Stock $16,883,426 0.62% 44,695 $4,356,200 Up ×2
PG Procter & Gamble Company (The) Common Stock $15,817,988 0.58% 107,870 $215,017 Down ×1
PLD Prologis, Inc. Common Stock $15,800,951 0.58% 116,638 $384,003 Up ×1
VUG VANGUARD INDEX FUNDS $15,555,905 0.57% 180,589 $653,345 Up ×3
CDNS Cadence Design Systems, Inc. - Common Stock $14,459,373 0.53% 38,525 $3,549,516 Down ×2
JNJ Johnson & Johnson Common Stock $13,810,520 0.51% 54,379 $422,547 Down ×6
PNC PNC Financial Services Group, Inc. (The) Common Stock $13,482,238 0.49% 54,757 $3,394,930 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $12,852,853 0.47% 22,817 $-1,169,084 Down ×1
LLY Eli Lilly and Company Common Stock $12,797,991 0.47% 10,670 $11,103,773 Up ×1
WM Waste Management, Inc. Common Stock $12,766,095 0.47% 57,278 $-31,298 Up ×2
CRM Salesforce, Inc. Common Stock $12,659,621 0.46% 80,810 $-351,362 Up ×6
TJX TJX Companies, Inc. (The) Common Stock $12,297,489 0.45% 81,172 $-626,151 Up ×1
VTV VANGUARD INDEX FUNDS $12,052,929 0.44% 55,306 $1,078,532 Down ×1
SYK Stryker Corporation Common Stock $11,896,942 0.44% 37,787 $-147,785 Up ×1
WEC WEC Energy Group, Inc. Common Stock $11,417,961 0.42% 97,782 $602,440 Up ×2
DHR Danaher Corporation Common Stock $11,415,549 0.42% 59,930 $455,207 Up ×1
PWR Quanta Services, Inc. Common Stock $11,356,507 0.42% 15,772 $2,266,365 Down ×1
LIN Linde plc - Ordinary Shares $10,707,353 0.39% 20,633 $820,514 Up ×2
O Realty Income Corporation Common Stock $10,604,072 0.39% 171,144 $337,907 Up ×6
MCD McDonald's Corporation Common Stock $10,585,117 0.39% 39,159 $-1,300,474 Up ×1
COF Capital One Financial Corporation Common Stock $10,528,572 0.39% 52,480 $1,450,658 Up ×1
SCHG SCHWAB STRATEGIC TRUST $10,248,215 0.38% 302,843 $1,071,834 Down ×2
DHI D.R. Horton, Inc. Common Stock $10,210,174 0.37% 62,685 $1,695,746 Up ×1
VV VANGUARD INDEX FUNDS $9,683,454 0.35% 28,157 $1,210,775 Down ×1
NFLX Netflix, Inc. - Common Stock $8,918,096 0.33% 124,903 $-2,397,539 Up ×5
HOOD Robinhood Markets, Inc. - Class A Common Stock $7,906,527 0.29% 78,845 $3,293,537 Up ×3
XOM Exxon Mobil Corporation Common Stock $7,311,020 0.27% 53,474 $-1,906,395 Down ×2
QQQ Invesco QQQ Trust, Series 1 $6,828,529 0.25% 9,273 $1,187,393 Down ×6
VOO VANGUARD INDEX FUNDS $6,397,937 0.23% 9,315 $896,452 Up ×2
IBM International Business Machines Corporation Common Stock $5,559,264 0.20% 19,769 $829,992 Up ×1
TOL Toll Brothers, Inc. Common Stock $5,510,394 0.20% 33,447 $946,017 Up ×1
GLW Corning Incorporated Common Stock $4,930,498 0.18% 19,303 $2,107,028 Down ×4
BKR Baker Hughes Company - Common Stock $4,692,238 0.17% 84,545 $619,531 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $4,674,493 0.17% 36,377 $66,595 Down ×6
GE GE Aerospace Common Stock $4,425,222 0.16% 11,841 $2,569,836 Up ×4
VGT VANGUARD WORLD FUND $4,142,740 0.15% 34,661 $1,150,152 Up ×1
VTI VANGUARD INDEX FUNDS $4,008,158 0.15% 10,832 $437,770 Down ×1
NEE NextEra Energy, Inc. Common Stock $3,847,438 0.14% 43,835 $-481,341 Down ×3
BSV VANGUARD BOND INDEX FUNDS $3,730,098 0.14% 47,877 $76,897 Up ×4
WDC Western Digital Corporation - Common Stock $3,481,683 0.13% 5,451 $1,807,612 Down ×5
XLK SELECT SECTOR SPDR TRUST $3,372,197 0.12% 17,700 $1,243,996 Up ×1
BNDX Vanguard Total International Bond ETF $3,346,026 0.12% 69,090 $-47,859 Down ×1
KO Coca-Cola Company (The) Common Stock $3,282,783 0.12% 40,394 $162,364 Down ×4
AGG iShares Trust $3,249,445 0.12% 32,829 $-511,771 Down ×4
SNDK Sandisk Corporation - Common Stock $3,228,697 0.12% 1,420 $2,273,145 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $3,115,000 0.11% 8,816 $478,434 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $2,959,282 0.11% 25,194 $966,852 Down ×2
AXP American Express Company Common Stock $2,854,312 0.10% 8,438 $261,124 Down ×6
EFA iShares Trust $2,728,720 0.10% 26,268 $137,097 Down ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $2,716,050 0.10% 21,457 $-135,676 Down ×1
HYG iShares Trust $2,553,289 0.09% 31,928 $-296,115 Down ×2
SCHD SCHWAB STRATEGIC TRUST $2,543,412 0.09% 80,208 $-288,638 Down ×1
DE Deere & Company Common Stock $2,522,596 0.09% 3,977 $-220,414 Down ×3
ABT Abbott Laboratories Common Stock $2,495,804 0.09% 27,505 $-326,195 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $2,403,432 0.09% 10,732 $214,488 Down ×6
PEP PepsiCo, Inc. - Common Stock $2,291,781 0.08% 16,926 $-307,874 Up ×1
IONS Ionis Pharmaceuticals, Inc. - Common Stock $2,265,316 0.08% 28,570 $-375,600 Down ×5
BIV VANGUARD BOND INDEX FUNDS $2,229,286 0.08% 29,065 $168,194 Up ×2
EMR Emerson Electric Company Common Stock $2,222,977 0.08% 15,529 $176,051 Down ×6
MPWR Monolithic Power Systems, Inc. - Common Stock $2,137,129 0.08% 1,546 $-1,424,075 Down ×3
TSLA Tesla, Inc. - Common Stock $2,028,126 0.07% 4,822 $302,841 Up ×1
VWOB Vanguard Emerging Markets Government Bond ETF $1,864,301 0.07% 27,726 $385,516 Up ×2
VFMO VANGUARD WELLINGTON FUND $1,808,948 0.07% 7,250 $379,973
TT Trane Technologies plc $1,740,180 0.06% 3,543 $262,419 Down ×6
EEM iShares, Inc. $1,730,425 0.06% 25,295 $196,939 Down ×2
VXUS Vanguard Total International Stock ETF $1,603,056 0.06% 18,751 $116,495 Down ×1
WFC Wells Fargo & Company Common Stock $1,572,951 0.06% 19,034 $64,996 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
VEA $254,805,430 9.33% up ×4
IVV $226,910,469 8.30% up ×6
IJH $204,408,015 7.48% up ×6
VWO $167,570,889 6.13% up ×6
VCRB $82,112,166 3.01% up ×3
JNK $61,607,790 2.25% up ×6
ITOT $59,095,948 2.16% up ×3
PANW $32,604,401 1.19% up ×6
EMB $30,270,290 1.11% up ×6
VEU $28,610,413 1.05% up ×6
VUG $15,555,905 0.57% up ×3
CRM $12,659,621 0.46% up ×6
O $10,604,072 0.39% up ×6
NFLX $8,918,096 0.33% up ×5
HOOD $7,906,527 0.29% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $1,561,031 6,972 0.06%
Unknown issuer (CUSIP: 43849R105) $1,540,707 6,969 0.06%
MU $483,830 419 0.02%
MRVL $452,058 1,518 0.02%
VONG $371,928 2,910 0.01%
IWO $268,287 681 0.01%
GEHC $264,430 4,131 0.01%
CVS $250,971 2,426 0.01%
EMXC $248,487 2,429 0.01%
CB $237,156 696 0.01%
HUM $231,580 583 0.01%
VCSH $228,409 2,890 0.01%
RWR $216,903 1,920 0.01%
SCHX $214,369 7,284 0.01%
IUSG $214,235 1,139 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +15K +$39.1M
IJH Bought more +94K +$31.8M
VEA Bought more +62K +$29.6M
VWO Bought more +85K +$20.4M
PANW Bought more +30 +$17.3M
NVDA Trimmed -2K +$11.3M
IJR Trimmed -830 +$11.1M
DJP Trimmed -10K -$10.9M
GOOGL Bought more +2K +$10.5M
AAPL Bought more +850 +$10.4M

1 position 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
HON June 30, 2026 14,004 $3,165,325 -4.4%
XLP March 31, 2026 27,188 $2,111,964 No longer tracked
SPYG June 30, 2025 20,231 $1,625,965
XLB March 31, 2026 16,068 $728,684 No longer tracked
XLY June 30, 2025 2,914 $575,398 No longer tracked
XLF March 31, 2026 8,977 $491,671 8.3%
VCR June 30, 2025 1,446 $470,687
TTWO Dec. 31, 2025 1,731 $447,118 -20.8%
FANG Dec. 31, 2025 2,988 $427,518 22.9%
ACN March 31, 2026 1,532 $411,036 0.3%
ALM March 31, 2026 36,243 $319,167 -7.5%
AEE June 30, 2025 2,905 $291,662 4.1%
APP Dec. 31, 2025 381 $273,556 -60.2%
TMUS Sept. 30, 2025 1,143 $272,331 -31.6%
UBER March 31, 2026 3,326 $271,797 -5.3%
COR March 31, 2026 737 $248,923 -1.6%
GIS Dec. 31, 2025 4,912 $247,664 -31.2%
TTD Sept. 30, 2025 3,435 $247,286 -75.6%
BDX June 30, 2026 1,557 $244,808 16.8%
IGSB June 30, 2025 4,485 $234,879
SCHX June 30, 2025 10,634 $234,799 24.3%
BKNG June 30, 2025 50 $230,346 -97.3%
JEPI June 30, 2026 4,054 $229,781
EMN Sept. 30, 2025 3,069 $229,143 2.9%
IWF Sept. 30, 2025 534 $226,726 7.8%
MO June 30, 2026 3,394 $223,971 -6.4%
UPS June 30, 2025 2,035 $223,845 -7.8%
WY June 30, 2026 9,147 $223,462 -22.8%
SBUX June 30, 2025 2,271 $222,762 3.4%
LH Dec. 31, 2025 771 $221,324 23.0%
AMT Dec. 31, 2025 1,145 $220,257 -7.6%
PDBC June 30, 2025 16,145 $220,056
UNH June 30, 2025 419 $219,451 19.2%
MDT March 31, 2026 2,233 $214,520 -0.3%
VEEV Dec. 31, 2025 714 $212,855 22.4%
IUSG Dec. 31, 2025 1,289 $212,093
MELI Sept. 30, 2025 81 $211,704 -27.4%
MAS Dec. 31, 2025 2,950 $207,651 7.7%
TDG June 30, 2025 150 $207,494 -28.3%
CPB June 30, 2025 5,183 $206,905 -36.0%
CB March 31, 2026 661 $206,312 1.5%
CB Sept. 30, 2025 712 $206,281 17.2%
SWK June 30, 2025 2,676 $205,731 34.8%
RWR June 30, 2025 2,072 $205,377 10.2%
KKR March 31, 2026 1,599 $203,845 -2.4%
RWR March 31, 2026 2,072 $203,533 5.2%
PSX June 30, 2025 1,648 $203,495 121.8%
XLF Sept. 30, 2025 3,861 $202,201 -0.7%
FLXR June 30, 2026 5,122 $201,141 -3.7%
SCHX Dec. 31, 2025 7,634 $201,080 12.9%
DRI Dec. 31, 2025 1,051 $200,100 8.9%