Sector breakdown

04
Technology 0.6%
Industrials 0.5%
Retail 0.3%
Energy 0.3%
Healthcare 0.3%
Financials 0.3%
Utilities 0.2%
Communication Services 0.1%
Consumer Staples 0.1%
Other/Unmapped 97.3%

Full portfolio 50 positions

05
Type Streak 8Q trend
VOO VANGUARD INDEX FUNDS $73,194,370 31.44% 106,571 $10,644,380 Up ×1
BIV VANGUARD BOND INDEX FUNDS $34,013,101 14.61% 443,456 $454,089 Up ×3
SPDW SPDR INDEX SHARES FUNDS $26,002,385 11.17% 516,023 $2,925,220 Up ×1
VXF VANGUARD INDEX FUNDS $17,188,311 7.38% 69,812 $3,139,758 Up ×1
VUG VANGUARD INDEX FUNDS $14,607,251 6.27% 169,576 $2,715,523 Up ×6
VTV VANGUARD INDEX FUNDS $9,277,297 3.98% 42,570 $1,238,512 Up ×4
SPEM SPDR INDEX SHARES FUNDS $8,866,966 3.81% 171,243 $1,017,913 Up ×1
VO VANGUARD INDEX FUNDS $6,895,171 2.96% 85,580 $961,317 Up ×4
BNDX Vanguard Total International Bond ETF $5,971,399 2.56% 123,300 $148,682 Up ×1
SPHY SPDR SERIES TRUST $3,389,131 1.46% 144,588 $109,080 Up ×6
VB VANGUARD INDEX FUNDS $3,155,265 1.36% 10,409 $518,083 Up ×4
IBDR iShares Trust $2,626,842 1.13% 108,413 $98,271 Up ×1
BSV VANGUARD BOND INDEX FUNDS $2,469,063 1.06% 31,691 $26,417 Up ×4
VYM VANGUARD WHITEHALL FUNDS $2,326,738 1.00% 14,723 $218,732 Up ×1
GLD SPDR Gold Shares $2,261,485 0.97% 6,139 $-225,591 Up ×4
VWOB Vanguard Emerging Markets Government Bond ETF $2,238,371 0.96% 33,289 $88,648 Up ×4
BLV VANGUARD BOND INDEX FUNDS $2,217,720 0.95% 32,174 $43,893 Up ×4
PGX Invesco Exchange-Traded Fund Trust II $1,910,414 0.82% 176,237 $84,067 Up ×2
VYMI Vanguard International High Dividend Yield ETF $1,554,404 0.67% 15,829 $107,755 Up ×1
VMBS Vanguard Mortgage-Backed Securities ETF $1,492,602 0.64% 31,886 $105,775 Up ×4
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $1,436,609 0.62% 28,601 $29,836 Up ×4
NYF iShares Trust $1,279,773 0.55% 23,741 $28,623 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $1,182,365 0.51% 14,306 $90,895 Up ×2
MSFT Microsoft Corporation - Common Stock $495,841 0.21% 1,329 $30,739 Up ×3
AAPL Apple Inc. - Common Stock $440,372 0.19% 1,522 $79,007 Up ×2
AMZN Amazon.com, Inc. - Common Stock $359,655 0.15% 1,509 $52,665 Up ×2
NVDA NVIDIA Corporation - Common Stock $354,161 0.15% 1,770 $70,062 Up ×2
LHX L3Harris Technologies, Inc. Common Stock $332,551 0.14% 1,144 $-54,331 Up ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS $329,264 0.14% 6,510 $10,079 Up ×1
Unknown issuer (CUSIP: 04609E107) $298,242 0.13% 405 Up ×1
OKE ONEOK, Inc. Common Stock $292,805 0.13% 3,368 $-50,306 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $270,123 0.12% 2,102 $11,753 Down ×5
LLY Eli Lilly and Company Common Stock $267,473 0.11% 223
HD Home Depot, Inc. (The) Common Stock $247,609 0.11% 702 $23,713 Up ×1
ITT ITT Inc. Common Stock $246,769 0.11% 1,248 $-17,680 Down ×6
WM Waste Management, Inc. Common Stock $245,989 0.11% 1,104 $-16,128 Down ×5
V Visa Inc. $240,851 0.10% 702 $25,353 Down ×1
RLI RLI Corp. Common Stock (DE) $240,793 0.10% 4,076 $33,614 Up ×2
AAON AAON, Inc. - Common Stock $239,506 0.10% 1,888
SO Southern Company (The) Common Stock $232,393 0.10% 2,428 $-16,404 Down ×1
JPM JP Morgan Chase & Co. Common Stock $231,365 0.10% 707
DTM DT Midstream, Inc. Common Stock $224,609 0.10% 1,531 $-20,848 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $223,076 0.10% 396 $1,649 Up ×3
IBM International Business Machines Corporation Common Stock $219,625 0.09% 781
Unknown issuer (CUSIP: 75513E109) $213,531 0.09% 1,125 Up ×1
SYK Stryker Corporation Common Stock $208,424 0.09% 662 $3,384 Up ×2
VIG VANGUARD SPECIALIZED FUNDS $208,226 0.09% 880 $-812 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $205,276 0.09% 1,622 $-21,866 Down ×5
KO Coca-Cola Company (The) Common Stock $204,439 0.09% 2,516
XOM Exxon Mobil Corporation Common Stock $202,181 0.09% 1,479 $-238,508 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
BIV $34,013,101 14.61% up ×3
VUG $14,607,251 6.27% up ×6
VTV $9,277,297 3.98% up ×4
VO $6,895,171 2.96% up ×4
SPHY $3,389,131 1.46% up ×6
VB $3,155,265 1.36% up ×4
BSV $2,469,063 1.06% up ×4
GLD $2,261,485 0.97% up ×4
VWOB $2,238,371 0.96% up ×4
BLV $2,217,720 0.95% up ×4
VMBS $1,492,602 0.64% up ×4
VTIP $1,436,609 0.62% up ×4
MSFT $495,841 0.21% up ×3
META $223,076 0.10% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 04609E107) $298,242 405 0.13%
LLY $267,473 223 0.11%
AAON $239,506 1,888 0.10%
JPM $231,365 707 0.10%
IBM $219,625 781 0.09%
Unknown issuer (CUSIP: 75513E109) $213,531 1,125 0.09%
KO $204,439 2,516 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +2K +$10.6M
VXF Bought more +2K +$3.1M
SPDW Bought more +10K +$2.9M
VUG Bought more +142K +$2.7M
VTV Bought more +2K +$1.2M
SPEM Bought more +4K +$1.0M
VO Bought more +65K +$961K
VB Bought more +340 +$518K
BIV Bought more +9K +$454K
XOM Trimmed -1K -$239K

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
IBDQ Dec. 31, 2025 124,268 $3,130,311
SCHB June 30, 2025 23,336 $502,424 24.5%
BND June 30, 2025 5,203 $382,160
OKE June 30, 2025 3,380 $335,372 7.7%
TMO June 30, 2025 661 $328,774 61.5%
PG Sept. 30, 2025 2,057 $327,777 -5.7%
CCI Sept. 30, 2025 2,910 $298,944 -31.1%
HON Sept. 30, 2025 1,218 $283,648 7.9%
DGRO Dec. 31, 2025 4,094 $278,720
JNJ Sept. 30, 2025 1,752 $267,618 38.1%
LLY March 31, 2026 247 $265,446 24.3%
VZ June 30, 2026 5,253 $263,701 8.5%
APD Sept. 30, 2025 905 $255,264 1.8%
SUB Dec. 31, 2025 2,307 $246,381
BAH Sept. 30, 2025 2,350 $244,684 -32.6%
QQQ June 30, 2025 514 $241,025 35.0%
AAON June 30, 2025 2,963 $231,499 12.9%
ABT Dec. 31, 2025 1,719 $230,243 -22.2%
BRO March 31, 2026 2,867 $228,525 -8.1%
VEA June 30, 2025 4,429 $225,126
TMO March 31, 2026 388 $224,997 33.2%
BLK Dec. 31, 2025 192 $223,847 -1.0%
IBM March 31, 2026 751 $222,454 -8.1%
AAON March 31, 2026 2,881 $219,686 0.6%
QCOM March 31, 2026 1,226 $209,659 43.6%
ETN Dec. 31, 2025 554 $207,335 36.9%
JPM March 31, 2026 643 $207,047 13.0%
KO Dec. 31, 2025 3,073 $203,801 22.5%
ADI June 30, 2026 635 $202,153 5.0%
RTX June 30, 2026 1,038 $200,316 -2.7%