Sector breakdown

04
Technology 6.1%
Financials 3.2%
Retail 2.3%
Communication Services 2.0%
Industrials 1.8%
Healthcare 1.7%
Utilities 0.5%
Energy 0.4%
Consumer products 0.3%
Consumer Discretionary 0.2%
Consumer Staples 0.1%
Other/Unmapped 81.5%

Full portfolio 143 positions

05
Type Streak 8Q trend
TBLL Invesco Short Term Treasury ETF $23,886,883 7.08% 226,266 $-1,971,417 Down ×4
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $17,692,884 5.24% 667,152 $750,305 Up ×6
JAAA Janus Henderson AAA CLO ETF $14,013,430 4.15% 277,549 $2,157 Up ×5
TFLR T. Rowe Price Floating Rate ETF $13,463,274 3.99% 267,075 $32,939 Up ×6
PEMX Putnam Emerging Markets ex-China ETF $12,029,089 3.56% 131,176 $2,699,252 Down ×1
PVAL Putnam Focused Large Cap Value ETF $11,520,922 3.41% 226,122 $1,192,733 Up ×5
AVDE AMERICAN CENTURY ETF TRUST $9,336,477 2.77% 104,669 $324,575 Down ×1
WTPI WisdomTree Trust $9,321,063 2.76% 284,265 $526,401 Up ×6
SCHX SCHWAB STRATEGIC TRUST $7,495,186 2.22% 254,678 $740,241 Down ×6
ICSH iShares Ultra Short Duration Bond Active ETF $7,262,327 2.15% 143,581 $2,697,010 Up ×1
SMIG ETF Series Solutions $7,028,911 2.08% 214,231 $562,649 Down ×1
AVUV AMERICAN CENTURY ETF TRUST $6,904,516 2.05% 55,342 $841,529 Up ×2
PAVE Global X Funds $6,902,304 2.04% 117,147 $767,959 Down ×1
IMCG iShares Trust $6,498,281 1.93% 66,107 $1,326,169 Up ×6
IJH iShares Trust $6,425,193 1.90% 83,325 $780,096 Down ×1
AAPL Apple Inc. - Common Stock $6,404,649 1.90% 22,134 $807,978 Up ×1
PPA Invesco Exchange-Traded Fund Trust $6,386,971 1.89% 36,156 $598,738 Up ×1
BINC iShares Flexible Income Active ETF $6,277,761 1.86% 119,942 $449,985 Up ×5
REZ iShares Trust $5,879,780 1.74% 62,096 $841,726 Up ×2
JPEF JPMorgan Equity Focus ETF $5,520,306 1.64% 68,720 $500,658 Down ×1
IAUM iShares Gold Trust Micro Shares $5,146,246 1.52% 128,624 $-783,160 Up ×1
DFIV Dimensional ETF Trust $5,121,158 1.52% 94,801 $220,040 Up ×3
DIVI Franklin Templeton ETF Trust $5,100,702 1.51% 119,398 $234,588 Down ×1
OUSM ALPS ETF Trust $5,028,659 1.49% 105,822 $441,162 Up ×2
QQQM Invesco NASDAQ 100 ETF $5,025,757 1.49% 16,588 $1,070,487 Down ×5
DYNF BlackRock ETF Trust $4,765,847 1.41% 70,076 $748,906 Up ×4
MSFT Microsoft Corporation - Common Stock $4,561,345 1.35% 12,228 $154,501 Up ×2
QQQ Invesco QQQ Trust, Series 1 $4,557,053 1.35% 6,188 $521,751 Down ×6
FNDF SCHWAB STRATEGIC TRUST $4,001,034 1.19% 75,835 $192,313 Down ×6
RQI Cohen & Steers Quality Income Realty Fund Inc Common Shares $3,706,710 1.10% 301,114 $323,198 Up ×2
IWD iShares Russell 1000 Value ETF $3,372,005 1.00% 13,909 $353,335 Down ×6
INDS Pacer Industrial Real Estate ETF $3,341,222 0.99% 83,096 $276,293 Down ×1
VEA Vanguard FTSE Developed Markets ETF $3,333,444 0.99% 46,785 $270,938 Down ×6
AVGO Broadcom Inc. - Common Stock $3,286,793 0.97% 8,701 $404,920 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $3,230,442 0.96% 9,039 $634,658 Up ×1
AMZN Amazon.com, Inc. - Common Stock $3,120,586 0.92% 13,093 $392,457 Down ×4
IVV iShares Trust $2,934,588 0.87% 3,919 $872,222 Up ×1
IWB iShares Russell 1000 ETF $2,925,059 0.87% 7,143 $360,679 Down ×4
GDX VanEck Gold Miners ETF $2,703,334 0.80% 35,829 $-573,174 Up ×1
JPM JP Morgan Chase & Co. Common Stock $2,520,824 0.75% 7,701 $270,850 Up ×1
NVDA NVIDIA Corporation - Common Stock $2,174,475 0.64% 10,867 $259,033 Down ×5
IWF iShares Russell 1000 Growth Fund $2,139,697 0.63% 17,232 $302,766 Up ×1
IVE iShares Trust $2,113,870 0.63% 9,310 $63,923 Down ×1
VGT Vanguard Information Tech ETF $1,809,794 0.54% 15,142 $489,167 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,783,422 0.53% 5,047 $331,515 Down ×1
XLRE XLRE $1,764,792 0.52% 40,082 $130,161 Up ×1
SPY SPY $1,743,833 0.52% 2,335 $164,325 Down ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $1,742,262 0.52% 1,723 $245,369 Down ×1
V Visa Inc. $1,660,339 0.49% 4,839 $227,183 Up ×4
NEE NextEra Energy, Inc. Common Stock $1,569,090 0.46% 17,877 $-143,759 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $1,516,636 0.45% 2,692 $31,344 Up ×2
ARCC Ares Capital Corporation - Closed End Fund $1,516,440 0.45% 81,837 $96,563 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,377,073 0.41% 2,752 $53,523 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $1,350,374 0.40% 3,169 $202,969 Down ×1
LOW Lowe's Companies, Inc. Common Stock $1,317,948 0.39% 5,977 $-60,801 Up ×2
AMGN Amgen Inc. - Common Stock $1,301,367 0.39% 3,594 $100,442 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $1,281,090 0.38% 2,555 $1,300 Down ×1
ORCL Oracle Corporation Common Stock $1,218,955 0.36% 8,318 $-2,273 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,130,891 0.34% 2,721 $357,091 Down ×1
JNJ Johnson & Johnson Common Stock $1,121,710 0.33% 4,417 $63,933 Up ×1
CVX Chevron Corporation Common Stock $1,061,382 0.31% 6,403 $-297,165 Down ×4
WMT Walmart Inc. - Common Stock $1,041,708 0.31% 9,197 $-86,845 Up ×1
COST Costco Wholesale Corporation - Common Stock $1,038,857 0.31% 1,111 $-66,670 Up ×1
CSX CSX Corporation - Common Stock $1,022,985 0.30% 21,523 $133,587 Down ×1
CRM Salesforce, Inc. Common Stock $947,195 0.28% 6,046 $-204,505 Down ×1
SCHG SCHWAB STRATEGIC TRUST $930,939 0.28% 27,510 $102,161 Down ×4
IVW iShares S&P 500 Growth ETF $925,027 0.27% 6,726 $164,249
FSMB First Trust Exchange-Traded Fund III $923,738 0.27% 46,210 $-113,024 Down ×1
PG Procter & Gamble Company (The) Common Stock $908,511 0.27% 6,196 $-23,573 Down ×3
LMT Lockheed Martin Corporation Common Stock $885,742 0.26% 1,739 $-130,292 Up ×1
AMAT Applied Materials, Inc. - Common Stock $858,924 0.25% 1,188 $452,194 Down ×4
VIGI Vanguard International Dividend Appreciation ETF $830,307 0.25% 8,892 $-31,167 Down ×2
SYY Sysco Corporation Common Stock $807,634 0.24% 9,663 Up ×1
RSPT Invesco Exchange-Traded Fund Trust $797,895 0.24% 12,370 $238,027
ABBV AbbVie Inc. Common Stock $786,878 0.23% 3,127 $141,803 Up ×2
IVOO Vanguard S&P Mid-Cap 400 ETF $757,917 0.22% 5,812 $60,047 Down ×4
IWN iShares Russell 2000 Value ETF $661,171 0.20% 2,989 $94,590 Up ×1
IWO iShares Russell 2000 Growth Fund $658,701 0.20% 1,672 $134,011
MLM Martin Marietta Materials, Inc. Common Stock $622,008 0.18% 1,079 $-15,182 Down ×1
SCHM SCHWAB STRATEGIC TRUST $607,802 0.18% 16,485 $97,426
MS Morgan Stanley Common Stock $571,361 0.17% 2,733 $111,667 Down ×6
IWR iShares Russell Mid-Cap ETF $547,187 0.16% 4,960 $64,926
GE GE Aerospace Common Stock $523,215 0.15% 1,400 $136,181 Up ×2
IJR iShares Trust $514,373 0.15% 3,468 $121,604 Up ×3
MCD McDonald's Corporation Common Stock $499,067 0.15% 1,846 $-2,905 Up ×1
SCHF SCHWAB STRATEGIC TRUST $498,655 0.15% 18,002 $53,105
EFA iShares Trust $488,548 0.14% 4,703 $26,598 Down ×1
GBDC Golub Capital BDC, Inc. - Closed End Fund $451,360 0.13% 35,043 $48,438 Up ×2
RTX RTX Corporation Common Stock $446,883 0.13% 2,355 $-7,294 Up ×1
POWA Invesco Exchange-Traded Self-Indexed Fund Trust $446,324 0.13% 5,024 $3,783 Down ×1
XOM Exxon Mobil Corporation Common Stock $435,269 0.13% 3,184 $-117,287 Down ×2
IWM iShares Russell 2000 Index Fund $419,665 0.12% 1,397 $73,336 Up ×1
VYM Vanguard High Dividend Yield ETF $418,904 0.12% 2,651 $26,521 Up ×1
OBDC Blue Owl Capital Corporation Common Stock $409,628 0.12% 37,684 $-16,663 Up ×1
VYMI Vanguard International High Dividend Yield ETF $408,610 0.12% 4,161 $16,477
IEMG iShares, Inc. $399,620 0.12% 4,824 $177,815 Up ×1
SCHD SCHWAB STRATEGIC TRUST $398,436 0.12% 12,565 $15,887 Up ×1
GEV GE Vernova Inc. Common Stock $397,285 0.12% 338 $102,130
XLV SELECT SECTOR SPDR TRUST $395,813 0.12% 2,495 $52,107 Up ×1
DGRO iShares Trust $382,788 0.11% 5,051 $7,031 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PYLD $17,692,884 5.24% up ×6
JAAA $14,013,430 4.15% up ×5
TFLR $13,463,274 3.99% up ×6
PVAL $11,520,922 3.41% up ×5
WTPI $9,321,063 2.76% up ×6
IMCG $6,498,281 1.93% up ×6
BINC $6,277,761 1.86% up ×5
DFIV $5,121,158 1.52% up ×3
DYNF $4,765,847 1.41% up ×4
V $1,660,339 0.49% up ×4
ARCC $1,516,440 0.45% up ×6
IJR $514,373 0.15% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SYY $807,634 9,663 0.24%
GLW $341,254 1,336 0.10%
TAXF $321,887 6,332 0.10%
INTC $296,003 2,120 0.09%
AGG $287,240 2,902 0.09%
KLAC $283,607 940 0.08%
VO $276,442 3,431 0.08%
AMD $274,190 472 0.08%
IBM $254,533 905 0.08%
C $237,232 1,695 0.07%
IUSB $220,735 4,783 0.07%
QQQJ $215,795 4,749 0.06%
MA $214,791 418 0.06%
DFAT $211,238 3,022 0.06%
XLK $202,713 1,064 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
PEMX Trimmed -2K +$2.7M
ICSH Bought more +53K +$2.7M
TBLL Trimmed -19K -$2.0M
IMCG Bought more +446 +$1.3M
PVAL Bought more +4K +$1.2M
QQQM Trimmed -57 +$1.1M
IVV Bought more +762 +$872K
REZ Bought more +2K +$842K
AVUV Bought more +458 +$842K
AAPL Bought more +82 +$808K

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
AVUS June 30, 2025 41,678 $3,850,210
IHDG Sept. 30, 2025 83,038 $3,740,842
SGOL March 31, 2026 21,000 $862,680 -11.7%
BRK-A (filed as BRKA) June 30, 2025 1 $798,442 No longer tracked
DFUV June 30, 2025 12,273 $505,771
ITW Sept. 30, 2025 1,317 $327,604 1.3%
PDEC June 30, 2026 7,096 $301,580
MRK June 30, 2025 3,049 $276,136 76.3%
ICOW June 30, 2025 8,787 $275,993
PDEC June 30, 2025 6,825 $256,620
DFAT June 30, 2025 4,970 $255,906
IBM March 31, 2026 798 $236,382 -8.6%
IBIT June 30, 2026 5,949 $228,561
MA March 31, 2026 399 $227,834 13.0%
EPD June 30, 2025 6,595 $225,154 18.7%
PLTR June 30, 2026 1,493 $218,396 62.3%
PFE Sept. 30, 2025 8,679 $210,390 7.6%
ABT Sept. 30, 2025 1,526 $207,546 -25.3%
ICF Dec. 31, 2025 3,350 $206,427 5.0%
AMT June 30, 2026 1,187 $204,839 -0.8%
PFE June 30, 2026 7,132 $200,271 13.8%
CGTX March 31, 2026 44,005 $59,407 23.4%