Sector breakdown

04
Technology 22.0%
Financials 9.9%
Healthcare 9.8%
Industrials 9.4%
Retail 8.6%
Communication Services 5.6%
Consumer Staples 4.4%
Utilities 3.6%
Real Estate 2.6%
Consumer Discretionary 2.3%
Energy 0.4%
Consumer products 0.2%
Materials 0.0%
Other/Unmapped 21.3%

Full portfolio 184 positions

05
Type Streak 8Q trend
FBND Fidelity Merrimack Street Trust $140,192,459 8.86% 3,081,830 $4,289,315 Up ×6
KLAC KLA Corporation - Common Stock $70,153,841 4.43% 232,521 $33,774,464 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $65,718,304 4.15% 185,997 $11,825,335 Down ×4
AAPL Apple Inc. - Common Stock $63,696,862 4.02% 220,130 $7,574,941 Down ×1
AVGO Broadcom Inc. - Common Stock $61,803,354 3.90% 163,609 $9,719,259 Down ×6
JPM JP Morgan Chase & Co. Common Stock $50,539,851 3.19% 154,400 $5,347,098 Up ×3
ABBV AbbVie Inc. Common Stock $48,886,604 3.09% 194,272 $7,263,052 Up ×6
PWR Quanta Services, Inc. Common Stock $46,916,201 2.96% 65,158 $9,333,046 Down ×2
ASML ASML Holding N.V. - New York Registry Shares $45,772,979 2.89% 23,008 $14,482,247 Down ×2
CGMU Capital Group Fixed Income ETF Trust $43,562,125 2.75% 1,585,807 $-1,316,849 Down ×1
LLY Eli Lilly and Company Common Stock $43,048,590 2.72% 35,891 $10,445,962 Up ×6
XLE SELECT SECTOR SPDR TRUST $40,796,102 2.58% 768,144 $-6,658,251 Down ×1
MSFT Microsoft Corporation - Common Stock $39,727,423 2.51% 106,502 $1,926,722 Up ×3
AMZN Amazon.com, Inc. - Common Stock $35,682,303 2.25% 149,712 $4,970,649 Up ×6
V Visa Inc. $32,789,530 2.07% 95,571 $4,957,119 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $32,740,418 2.07% 254,789 $2,678,362 Up ×6
COST Costco Wholesale Corporation - Common Stock $32,581,942 2.06% 34,829 $-1,676,599 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $31,727,659 2.00% 74,457 $5,606,883 Up ×5
HD Home Depot, Inc. (The) Common Stock $31,332,382 1.98% 88,841 $3,692,338 Up ×2
WM Waste Management, Inc. Common Stock $31,227,175 1.97% 140,108 $-106,009 Up ×6
PM Philip Morris International Inc Common Stock $30,936,534 1.95% 171,005 $3,277,158 Up ×4
TJX TJX Companies, Inc. (The) Common Stock $30,684,275 1.94% 202,536 $-1,123,790 Up ×6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $26,887,291 1.70% 623,257 $2,931,538 Up ×5
BLK BlackRock, Inc. Common Stock $26,880,066 1.70% 27,955 $724,786 Up ×3
MNST Monster Beverage Corporation - Common Stock $22,867,021 1.44% 237,901 $5,369,905 Down ×2
VICI VICI Properties Inc. Common Stock $21,698,878 1.37% 817,284 $1,266,384 Up ×2
PANW Palo Alto Networks, Inc. - Common Stock $20,739,132 1.31% 60,815 $11,920,570 Up ×1
DTE DTE Energy Company Common Stock $20,708,512 1.31% 135,909 $1,448,963 Up ×6
ABT Abbott Laboratories Common Stock $20,332,428 1.28% 224,073 $-1,093,849 Up ×6
MS Morgan Stanley Common Stock $19,738,275 1.25% 94,423 $3,698,652 Down ×6
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $18,459,594 1.17% 24,189 $10,043,135 Up ×1
XEL Xcel Energy Inc. - Common Stock $17,036,821 1.08% 212,165 $333,786 Up ×3
NEE NextEra Energy, Inc. Common Stock $16,255,290 1.03% 185,203 $-606,744 Up ×6
WELL Welltower Inc. Common Stock $15,964,440 1.01% 70,337 $2,440,281 Up ×1
ICE Intercontinental Exchange Inc. Common Stock $15,193,356 0.96% 123,413 $-8,563,689 Down ×1
RCL Royal Caribbean Cruises Ltd. Common Stock $13,398,496 0.85% 42,196 Up ×1
NVDA NVIDIA Corporation - Common Stock $13,102,747 0.83% 65,484 $9,106,792 Up ×2
SCI Service Corporation International Common Stock $13,029,910 0.82% 171,536 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $12,931,520 0.82% 77,097 $-6,880,943 Down ×1
AGG iShares Trust $12,645,198 0.80% 127,755 $1,914,310 Up ×1
ROL Rollins, Inc. Common Stock $12,301,092 0.78% 294,708 $-8,122,139 Down ×2
PEP PepsiCo, Inc. - Common Stock $11,843,623 0.75% 87,471 $-1,433,223 Up ×2
JPIE JPMorgan Income ETF $6,829,719 0.43% 148,311 $31,726 Up ×4
BAC Bank of America Corporation Common Stock $5,589,058 0.35% 98,088 $676,911 Down ×6
RSPN Invesco Exchange-Traded Fund Trust $5,322,874 0.34% 83,176 $4,500,574 Up ×1
RSPF Invesco Exchange-Traded Fund Trust $5,090,969 0.32% 65,648 Up ×1
VIG Vanguard Div Appreciation ETF $4,986,769 0.32% 21,075 $652,525 Up ×5
RTX RTX Corporation Common Stock $4,579,889 0.29% 24,139 $-18,902 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $4,469,898 0.28% 12,508 $817,299 Down ×4
TXN Texas Instruments Incorporated - Common Stock $4,421,412 0.28% 14,833 $1,547,210 Up ×1
RSPC Invesco Exchange-Traded Fund Trust $4,356,887 0.28% 123,425
MCD McDonald's Corporation Common Stock $4,279,313 0.27% 15,831 $-805,142 Down ×6
MU Micron Technology, Inc. - Common Stock $4,056,330 0.26% 3,514 $3,043,922 Up ×3
CAT Caterpillar, Inc. Common Stock $3,945,586 0.25% 3,705 $1,321,670 Up ×2
KO Coca-Cola Company (The) Common Stock $3,645,693 0.23% 44,859 $177,733 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $3,516,249 0.22% 6,053 $2,326,183 Up ×1
JNJ Johnson & Johnson Common Stock $3,150,416 0.20% 12,405 $227,906 Up ×1
SPY SPY $3,013,507 0.19% 4,035 $381,394 Down ×2
PG Procter & Gamble Company (The) Common Stock $3,002,452 0.19% 20,475 $358,832 Up ×1
DTM DT Midstream, Inc. Common Stock $2,944,215 0.19% 20,064 $590,546 Up ×1
XLK SELECT SECTOR SPDR TRUST $2,831,350 0.18% 14,861 $545,836 Down ×1
MUB iShares Trust $2,781,324 0.18% 25,844 $1,306,297 Up ×4
ADC Agree Realty Corporation Common Stock $2,737,993 0.17% 36,150 $-59,340 Down ×2
WMT Walmart Inc. - Common Stock $2,724,684 0.17% 24,057 $-265,325 Down ×2
NSC Norfolk Southern Corporation Common Stock $2,476,942 0.16% 7,874 $690,175 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $2,335,992 0.15% 10,431 $212,158 Down ×6
UNP Union Pacific Corporation Common Stock $2,314,136 0.15% 8,508 $201,469 Down ×4
LMT Lockheed Martin Corporation Common Stock $2,228,348 0.14% 4,374 $-402,031 Up ×2
SOXX iShares Trust $2,159,760 0.14% 3,371 $1,053,798 Up ×1
QYLD Global X NASDAQ 100 Covered Call ETF $2,154,469 0.14% 116,900 $332,672 Up ×2
AMGN Amgen Inc. - Common Stock $2,142,890 0.14% 5,918 $160,099 Up ×1
XOM Exxon Mobil Corporation Common Stock $2,127,624 0.13% 15,562 $-401,142 Up ×1
VYM Vanguard High Dividend Yield ETF $2,126,137 0.13% 13,454 $122,241 Down ×2
XYLD Global X Funds $2,038,412 0.13% 49,973 $285,400 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,941,514 0.12% 3,880 $121,512 Up ×1
PAG Penske Automotive Group, Inc. Common Stock $1,878,507 0.12% 10,497 $321,695 Up ×2
VIK Viking Holdings Ltd Ordinary Shares $1,766,097 0.11% 16,873 $605,113 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $1,749,684 0.11% 3,106 $112,710 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $1,586,706 0.10% 13,508 $723,972 Up ×1
XLI SELECT SECTOR SPDR TRUST $1,578,567 0.10% 8,522 $300,240 Up ×1
RSP Invesco Exchange-Traded Fund Trust $1,577,435 0.10% 7,414 $147,286 Down ×2
VXF Vanguard Extended Market ETF $1,515,816 0.10% 6,157 $251,639 Up ×1
FITB Fifth Third Bancorp - Common Stock $1,443,904 0.09% 25,615 $256,906 Up ×1
QQQM Invesco NASDAQ 100 ETF $1,412,763 0.09% 4,663 $399,926 Up ×5
VOO Vanguard S&P 500 ETF $1,408,301 0.09% 2,050 $197,208 Up ×3
CEG Constellation Energy Corporation - Common Stock When-Issued $1,296,052 0.08% 5,218 Up ×1
JPST JPMorgan Ultra-Short Income ETF $1,259,946 0.08% 24,915 $-154,474 Down ×2
IBM International Business Machines Corporation Common Stock $1,202,641 0.08% 4,277 $257,206 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $1,182,218 0.07% 2,380 $336,024 Up ×5
SYK Stryker Corporation Common Stock $1,140,014 0.07% 3,621 $-51,306 Down ×3
UBER Uber Technologies, Inc. Common Stock $1,134,356 0.07% 15,720 $185,383 Up ×2
JEPI JPMorgan Equity Premium Income ETF $1,133,469 0.07% 20,068 $35,541 Up ×2
CMI Cummins Inc. Common Stock $1,119,585 0.07% 1,570 $325,279 Up ×2
DFAC Dimensional ETF Trust $1,110,879 0.07% 25,042 $139,609 Up ×1
XLF SELECT SECTOR SPDR TRUST $1,035,140 0.07% 19,309 $-610,190 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $1,024,822 0.06% 2,577 $-23,470 Up ×4
TT Trane Technologies plc $976,312 0.06% 1,988 $773,207 Up ×1
TSLA Tesla, Inc. - Common Stock $970,745 0.06% 2,308 $132,448 Up ×1
IWF iShares Russell 1000 Growth Fund $967,840 0.06% 7,794 $137,133 Up ×2
DE Deere & Company Common Stock $965,948 0.06% 1,523 $113,206 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
FBND $140,192,459 8.86% up ×6
JPM $50,539,851 3.19% up ×3
ABBV $48,886,604 3.09% up ×6
LLY $43,048,590 2.72% up ×6
MSFT $39,727,423 2.51% up ×3
AMZN $35,682,303 2.25% up ×6
V $32,789,530 2.07% up ×4
MRK $32,740,418 2.07% up ×6
ETN $31,727,659 2.00% up ×5
WM $31,227,175 1.97% up ×6
PM $30,936,534 1.95% up ×4
TJX $30,684,275 1.94% up ×6
SDVY $26,887,291 1.70% up ×5
BLK $26,880,066 1.70% up ×3
DTE $20,708,512 1.31% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
RCL $13,398,496 42,196 0.85%
SCI $13,029,910 171,536 0.82%
RSPF $5,090,969 65,648 0.32%
RSPC $4,356,887 123,425 0.28%
CEG $1,296,052 5,218 0.08%
EXC $741,986 15,916 0.05%
ES $582,497 8,060 0.04%
SOFI $467,454 26,071 0.03%
GLW $408,959 1,601 0.03%
ORCL $394,440 2,692 0.02%
ADX $274,517 10,744 0.02%
VT $262,264 1,671 0.02%
GNRC $256,795 877 0.02%
LHX $239,102 823 0.02%
MO $238,304 3,312 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
KLAC Bought more +208K +$33.8M
ASML Trimmed -682 +$14.5M
PANW Bought more +6K +$11.9M
GOOG Trimmed -2K +$11.8M
LLY Bought more +444 +$10.4M
CRWD Bought more +3K +$10.0M
AVGO Trimmed -5K +$9.7M
PWR Trimmed -3K +$9.3M
NVDA Bought more +43K +$9.1M
ICE Trimmed -28K -$8.6M

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
ZTS Dec. 31, 2025 129,160 $18,898,698 -43.2%
VTEB June 30, 2025 316,474 $15,703,445
EQIX Sept. 30, 2025 14,607 $11,619,260 30.7%
IWM June 30, 2025 48,064 $9,588,216 31.3%
GRID June 30, 2025 82,068 $9,284,369
VOX March 31, 2026 23,868 $4,621,560
RSPC March 31, 2026 57,142 $2,276,163
CMA March 31, 2026 10,060 $874,480 No longer tracked
VDC March 31, 2026 3,811 $804,984
DECK June 30, 2026 7,661 $766,777 -19.2%
JMST June 30, 2025 14,854 $755,314
REVG Dec. 31, 2025 12,603 $714,213 No longer tracked
ADBE June 30, 2026 2,461 $598,220 16.5%
IHI June 30, 2026 10,301 $549,559 4.4%
GRID March 31, 2026 2,686 $410,954
VDE June 30, 2025 3,078 $399,199
SHEL June 30, 2026 3,840 $357,121 24.5%
KMB Dec. 31, 2025 2,758 $342,954 -5.4%
VV Sept. 30, 2025 1,175 $335,228
IGV March 31, 2026 2,937 $310,455 37.1%
RSPD March 31, 2026 5,170 $294,844 -2.3%
IHF March 31, 2026 5,829 $279,432 33.9%
ORCL March 31, 2026 1,329 $259,006 -3.1%
MO June 30, 2025 4,242 $254,578 15.8%
IJR Dec. 31, 2025 1,905 $226,353 15.1%
PFE Dec. 31, 2025 8,864 $225,863 10.1%
PAVE June 30, 2025 5,910 $222,985
RSPG June 30, 2025 2,711 $221,935
UPS June 30, 2026 2,239 $220,312 -13.4%
OKE Sept. 30, 2025 2,697 $220,134 21.4%
DOW June 30, 2025 6,297 $219,889 7.7%
SPGI Sept. 30, 2025 417 $219,777 -19.7%
INTU March 31, 2026 331 $219,025 -34.2%
TGLS March 31, 2026 4,250 $213,860 -21.6%
MO Dec. 31, 2025 3,219 $212,663 17.7%
IYT March 31, 2026 2,848 $212,201 7.0%
HON March 31, 2026 1,078 $210,257 -5.3%
TRV Sept. 30, 2025 779 $208,409 29.2%
ARCC Sept. 30, 2025 9,303 $204,289 -7.8%
GPC Dec. 31, 2025 1,468 $203,499 2.7%
BX June 30, 2026 1,765 $202,907 -5.1%
SDY June 30, 2026 1,381 $201,509
PLTR June 30, 2026 1,374 $200,989 62.3%
SYY Dec. 31, 2025 2,435 $200,464 3.7%
PAYX Sept. 30, 2025 1,376 $200,175 -21.3%
AMRN (filed as AMRNXXXX) June 30, 2025 12,543 $5,621 -25.5%