Sector breakdown

04
Technology 4.7%
Financials 4.1%
Consumer Discretionary 1.4%
Retail 0.9%
Industrials 0.8%
Communication Services 0.8%
Energy 0.6%
Healthcare 0.4%
Consumer Staples 0.2%
Utilities 0.2%
Consumer products 0.1%
Other/Unmapped 85.9%

Full portfolio 141 positions

05
Type Streak 8Q trend
VBIL Vanguard 0-3 Month Treasury Bill ETF $51,942,590 9.80% 686,345 $-8,065,108 Down ×1
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $31,874,917 6.02% 1,201,920 $1,696,855 Up ×5
CGSD Capital Group Fixed Income ETF Trust $29,143,462 5.50% 1,132,665 $2,457,414 Up ×5
FBND Fidelity Merrimack Street Trust $28,641,459 5.41% 629,621 $2,168,538 Up ×5
VTV VANGUARD INDEX FUNDS $27,928,387 5.27% 128,153 $5,184,180 Up ×5
SPTM SPDR SERIES TRUST $27,397,184 5.17% 301,764 $4,597,466 Up ×5
JAAA Janus Detroit Street Trust $23,662,061 4.47% 468,648 $517,921 Up ×1
JSCP J.P. Morgan Exchange-Traded Fund Trust $18,282,690 3.45% 387,797 $663,960 Up ×5
SPYG SPDR SERIES TRUST $17,204,129 3.25% 144,585 $3,926,848 Up ×2
CGUS Capital Group Core Equity ETF $15,851,570 2.99% 356,375 $2,168,028 Up ×5
VOO VANGUARD INDEX FUNDS $13,703,214 2.59% 19,952 $3,566,824 Up ×3
CGCP Capital Group Fixed Income ETF Trust $13,353,716 2.52% 599,090 $646,836 Up ×5
GSIE Goldman Sachs ETF Trust $13,331,971 2.52% 291,728 $1,966,957 Up ×2
CWBC Community West Bancshares - Common Stock $13,287,373 2.51% 494,690 $12,686,233 Up ×1
CGGR Capital Group Growth ETF $12,646,792 2.39% 267,941 $3,321,004 Up ×5
JPIE J.P. Morgan Exchange-Traded Fund Trust $12,214,440 2.31% 265,243 $886,841 Up ×5
AVUV AMERICAN CENTURY ETF TRUST $11,226,844 2.12% 89,988 $2,103,399 Up ×5
AVLV AMERICAN CENTURY ETF TRUST $10,423,479 1.97% 114,280 $1,559,603 Up ×6
VO VANGUARD INDEX FUNDS $10,082,375 1.90% 125,138 $1,603,907 Up ×2
GPIX Goldman Sachs S&P 500 Premium Income ETF $7,271,941 1.37% 130,861 $2,164,308 Up ×2
MSFT Microsoft Corporation - Common Stock $7,265,115 1.37% 19,476 $62,126 Up ×5
AAPL Apple Inc. - Common Stock $7,095,077 1.34% 24,520 $915,612 Up ×3
TSLA Tesla, Inc. - Common Stock $7,042,947 1.33% 16,745 $1,696,810 Up ×1
BILZ PIMCO ETF Trust $7,032,096 1.33% 69,673 $-271,266 Down ×3
NVDA NVIDIA Corporation - Common Stock $6,322,373 1.19% 31,598 $878,361 Up ×2
MINO PIMCO ETF Trust $6,208,305 1.17% 135,671 $324,009 Up ×1
VYM VANGUARD WHITEHALL FUNDS $6,020,955 1.14% 38,100 $368,253 Down ×3
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $5,019,312 0.95% 84,090 $783,035 Up ×5
VTI VANGUARD INDEX FUNDS $4,577,785 0.86% 12,371 $633,866 Up ×3
PWRD TCW Transform Systems ETF $4,431,314 0.84% 36,039 $1,393,040 Up ×2
GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF $3,170,297 0.60% 53,453 $940,327 Up ×2
VNLA Janus Detroit Street Trust $3,126,065 0.59% 63,974 $433,708 Up ×6
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $2,141,033 0.40% 34,836 $1,190,642 Up ×1
CVX Chevron Corporation Common Stock $2,104,910 0.40% 12,699 $-565,367 Down ×2
VB VANGUARD INDEX FUNDS $2,104,048 0.40% 6,941 $277,871 Down ×3
BAC Bank of America Corporation Common Stock $2,071,020 0.39% 36,346 $325,742 Up ×2
CGDV Capital Group Dividend Value ETF $2,023,338 0.38% 41,058 $218,493 Down ×1
QQQ Invesco QQQ Trust, Series 1 $1,976,773 0.37% 2,684 $374,305 Down ×1
IAU iShares Gold Trust Shares $1,945,062 0.37% 25,759 $-430,850 Down ×2
VIG VANGUARD SPECIALIZED FUNDS $1,940,369 0.37% 8,200 $103,933 Down ×1
JPM JP Morgan Chase & Co. Common Stock $1,866,619 0.35% 5,703 $185,701 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,841,435 0.35% 3,680 $9,453 Down ×2
INTC Intel Corporation - Common Stock $1,837,195 0.35% 13,158 $1,216,039 Down ×1
SPYV SPDR SERIES TRUST $1,760,855 0.33% 28,966 $84,672 Down ×1
SPY SPY $1,739,616 0.33% 2,330 $-104,232 Down ×1
WMT Walmart Inc. - Common Stock $1,677,404 0.32% 14,810 $-182,774 Down ×1
AVDE AMERICAN CENTURY ETF TRUST $1,578,126 0.30% 17,692 $268,281 Up ×4
AMZN Amazon.com, Inc. - Common Stock $1,506,309 0.28% 6,320 $294,178 Up ×4
FTCA Franklin California Municipal Income ETF $1,384,320 0.26% 186,566 $26,120
CAT Caterpillar, Inc. Common Stock $1,286,743 0.24% 1,208 $383,442 Down ×1
VUG VANGUARD INDEX FUNDS $1,226,720 0.23% 14,241 $163,136 Up ×1
BIL SPDR SERIES TRUST $1,173,359 0.22% 12,804 $-73,993 Down ×4
WFC Wells Fargo & Company Common Stock $1,106,798 0.21% 13,393 $40,678 Up ×2
SLV iShares Silver Trust $1,085,762 0.20% 20,306 $-306,406 Down ×2
CGXU Capital Group International Focus Equity ETF $992,867 0.19% 28,679 $-97,968 Down ×3
VTES VANGUARD WELLINGTON FUND $883,626 0.17% 8,722 $-40,288 Down ×3
COST Costco Wholesale Corporation - Common Stock $847,586 0.16% 906 $-70,885 Down ×3
QQQM Invesco NASDAQ 100 ETF $841,651 0.16% 2,778 $206,255 Up ×1
UPS United Parcel Service, Inc. Common Stock $827,750 0.16% 7,700 $70,027 Down ×2
CGBL Capital Group Core Balanced ETF $823,922 0.16% 21,705 $77,288 Up ×5
FLXR TCW Flexible Income ETF $805,491 0.15% 20,543 $-43,252 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $771,357 0.15% 2,158 $227,013 Up ×4
GOOG Alphabet Inc. - Class C Capital Stock $769,002 0.15% 2,176 $222,148 Up ×3
VOT VANGUARD INDEX FUNDS $755,926 0.14% 2,468 $120,826 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $751,999 0.14% 6,402 $255,484 Up ×3
MLM Martin Marietta Materials, Inc. Common Stock $697,189 0.13% 1,209 $-14,100 Up ×1
PEP PepsiCo, Inc. - Common Stock $680,325 0.13% 5,025 $-67,639 Up ×1
NKX Nuveen California AMT-Free Quality Municipal Income Fund $667,358 0.13% 53,261 $35,955 Up ×4
T AT&T Inc. $630,902 0.12% 30,478 $-243,699 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $629,195 0.12% 1,117 $11,867 Up ×4
JNJ Johnson & Johnson Common Stock $622,962 0.12% 2,453 $52,790 Up ×4
QTUM Defiance Quantum ETF $620,837 0.12% 3,754 $236,274 Up ×2
VPLS Vanguard Core Plus Bond ETF $601,523 0.11% 7,754 $300,556 Up ×1
GLD SPDR Gold Shares $585,724 0.11% 1,590 $-78,644 Up ×1
MO Altria Group, Inc. $577,292 0.11% 8,024 $103,540 Up ×3
AVGO Broadcom Inc. - Common Stock $574,936 0.11% 1,522 $105,100 Up ×1
HD Home Depot, Inc. (The) Common Stock $560,708 0.11% 1,590 $47,009 Up ×2
CGMS Capital Group Fixed Income ETF Trust $559,418 0.11% 20,469 $686 Down ×1
VCRM VANGUARD MUNICIPAL BOND FUNDS $530,216 0.10% 6,940 $-109,010 Down ×1
BSV VANGUARD BOND INDEX FUNDS $521,162 0.10% 6,689 $4,657 Up ×1
SCHD SCHWAB STRATEGIC TRUST $517,856 0.10% 16,331 $8,108 Down ×6
AMGN Amgen Inc. - Common Stock $478,355 0.09% 1,321 $12,142 Down ×1
JSI Janus Detroit Street Trust $466,267 0.09% 9,105 $-374,720 Down ×3
IVV iShares Trust $444,841 0.08% 594 $205,766 Up ×3
NAC Nuveen California Quality Municipal Income Fund $443,048 0.08% 36,555 $19,243 Up ×2
KMI Kinder Morgan, Inc. Common Stock $439,865 0.08% 13,759 $-19,756 Up ×4
PFE Pfizer, Inc. Common Stock $437,254 0.08% 18,158 $-6,283 Up ×1
JEPI J.P. Morgan Exchange-Traded Fund Trust $433,342 0.08% 7,672 $-137,201 Down ×3
AMD Advanced Micro Devices, Inc. - Common Stock $420,773 0.08% 724 Up ×1
RPV Invesco Exchange-Traded Fund Trust $416,987 0.08% 3,664 $25,891 Up ×6
CSX CSX Corporation - Common Stock $416,004 0.08% 8,752 $77,557 Up ×4
TRV The Travelers Companies, Inc. Common Stock $392,858 0.07% 1,190 $46,504 Up ×4
VEA VANGUARD TAX-MANAGED FUNDS $360,525 0.07% 5,060 $49,160 Up ×2
VZ Verizon Communications Inc. Common Stock $355,352 0.07% 8,393 $-52,719 Up ×1
LLY Eli Lilly and Company Common Stock $339,439 0.06% 283 $113,176 Up ×1
GEV GE Vernova Inc. Common Stock $332,646 0.06% 283 $105,595 Up ×1
CMI Cummins Inc. Common Stock $324,397 0.06% 455 $97,008 Up ×2
IBM International Business Machines Corporation Common Stock $323,033 0.06% 1,149 $45,118 Up ×4
VGUS Vanguard Ultra-Short Treasury ETF $321,933 0.06% 4,255 $-73,769 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $309,646 0.06% 908

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PYLD $31,874,917 6.02% up ×5
CGSD $29,143,462 5.50% up ×5
FBND $28,641,459 5.41% up ×5
VTV $27,928,387 5.27% up ×5
SPTM $27,397,184 5.17% up ×5
JSCP $18,282,690 3.45% up ×5
CGUS $15,851,570 2.99% up ×5
VOO $13,703,214 2.59% up ×3
CGCP $13,353,716 2.52% up ×5
CGGR $12,646,792 2.39% up ×5
JPIE $12,214,440 2.31% up ×5
AVUV $11,226,844 2.12% up ×5
AVLV $10,423,479 1.97% up ×6
MSFT $7,265,115 1.37% up ×5
AAPL $7,095,077 1.34% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $420,773 724 0.08%
PANW $309,646 908 0.06%
AMAT $275,896 382 0.05%
PG $274,661 1,873 0.05%
DIA $274,255 525 0.05%
BIZD $269,367 21,277 0.05%
DYNF $268,980 3,955 0.05%
GS $223,513 221 0.04%
QCOM $215,602 1,167 0.04%
PII $214,384 3,132 0.04%
SYY $204,939 2,452 0.04%
ROK $201,993 408 0.04%
PCG $168,289 10,005 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VBIL Trimmed -107K -$8.1M
VTV Bought more +12K +$5.2M
SPTM Bought more +13K +$4.6M
SPYG Bought more +9K +$3.9M
VOO Bought more +3K +$3.6M
CGGR Bought more +36K +$3.3M
CGSD Bought more +98K +$2.5M
FBND Bought more +49K +$2.2M
CGUS Bought more +219 +$2.2M
GPIX Bought more +29K +$2.2M

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
UBFO June 30, 2026 1,203,437 $12,648,130 No longer tracked
XOM June 30, 2026 6,905 $1,171,523 20.0%
KRP June 30, 2026 22,247 $321,923 0.3%
MSTR Dec. 31, 2025 950 $306,100 5.3%
ORCL Dec. 31, 2025 949 $266,883 -27.0%
DIS March 31, 2026 2,155 $245,145 6.0%
SMR Dec. 31, 2025 6,347 $228,492 -45.3%
WFCPRL Dec. 31, 2025 185 $228,344 No longer tracked
SMMU Sept. 30, 2025 4,527 $227,120
EPD Dec. 31, 2025 7,050 $220,454 12.9%
CEG June 30, 2026 736 $205,620 3.7%
PANW Sept. 30, 2025 986 $201,775 98.0%
GSBD June 30, 2026 20,483 $181,889 -4.3%
PCG Dec. 31, 2025 10,125 $152,678 -23.3%
RITM Dec. 31, 2025 11,500 $130,985 -20.1%
EVM Dec. 31, 2025 13,306 $126,273 No longer tracked
PFLT June 30, 2026 13,042 $104,862 -8.6%
BBDC June 30, 2026 10,700 $88,061 1.3%
QS Sept. 30, 2025 10,200 $68,544 -62.9%