Sector breakdown

04
Healthcare 9.5%
Technology 8.0%
Financials 6.1%
Retail 4.4%
Energy 4.3%
Consumer Discretionary 3.9%
Industrials 2.0%
Communication Services 1.7%
Consumer Staples 1.3%
Real Estate 1.1%
Materials 1.0%
Consumer products 0.9%
Utilities 0.4%
Other/Unmapped 55.2%

Full portfolio 223 positions

05
Type Streak 8Q trend
MBSF Valued Advisers Trust $25,392,564 11.16% 988,999 $206,133 Up ×1
MBSX Advisor Managed Portfolios $9,015,676 3.96% 330,184 $572,648 Up ×4
TSLA Tesla, Inc. - Common Stock $7,307,034 3.21% 17,372 $2,404,767 Up ×3
AAPL Apple Inc. - Common Stock $6,942,170 3.05% 23,991 $484,230 Down ×1
STAX Nomura Tax-Free USA Short Term ETF $5,682,184 2.50% 223,409 Up ×1
HD Home Depot, Inc. (The) Common Stock $4,900,313 2.15% 13,894 $1,258,514 Up ×1
COP ConocoPhillips Common Stock $4,899,267 2.15% 47,126 $-1,627,209 Down ×2
LST Leuthold Select Industries ETF $4,884,381 2.15% 104,523 $54,327 Down ×1
BMY Bristol-Myers Squibb Company Common Stock $4,812,818 2.12% 83,526 $325,446 Up ×1
SPY SPY $4,740,756 2.08% 6,348 $597,440 Down ×1
KKR KKR & Co. Inc. Common Stock $4,402,388 1.93% 47,966 $1,001,995 Up ×2
AMGN Amgen Inc. - Common Stock $3,821,358 1.68% 10,552 $1,055,817 Up ×1
ARP Advisors' Inner Circle Fund II $3,809,345 1.67% 117,314 $101,571 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $3,694,153 1.62% 8,888 $996,100 Down ×1
QLD ProShares Ultra QQQ $2,892,676 1.27% 29,895 $1,567,939 Up ×1
SYK Stryker Corporation Common Stock $2,623,246 1.15% 8,332 Up ×1
VOO Vanguard S&P 500 ETF $2,487,630 1.09% 3,622 $354,376 Up ×2
FSCO FS Credit Opportunities Corp. Common Stock $2,434,945 1.07% 487,964 $232,484 Up ×5
UYLD Angel Oak UltraShort Income ETF $2,320,095 1.02% 45,487 $1,373,294 Up ×1
JPST JPMorgan Ultra-Short Income ETF $2,234,486 0.98% 44,186 $-118,170 Down ×2
RAAX VanEck ETF Trust $2,225,176 0.98% 56,092 $-932,699 Down ×1
ITOT iShares Trust $2,009,535 0.88% 12,233 Up ×1
OUNZ VanEck Merk Gold ETF $1,898,821 0.83% 49,205 $127,545 Up ×2
NVDA NVIDIA Corporation - Common Stock $1,830,405 0.80% 9,147 $104,368 Down ×1
ELV Elevance Health, Inc. Common Stock $1,819,001 0.80% 4,703 $338,857 Down ×3
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF $1,653,724 0.73% 34,662 $-12,399 Down ×2
MSFT Microsoft Corporation - Common Stock $1,596,799 0.70% 4,280 $110,937 Up ×1
IAUX CUSIP: 44955L106 $1,594,512 0.70% 1,107,300 $140,632 Up ×2
AMZN Amazon.com, Inc. - Common Stock $1,550,925 0.68% 6,507 $312,760 Up ×1
XOM Exxon Mobil Corporation Common Stock $1,521,677 0.67% 11,129 $-430,601 Down ×1
DOCT First Trust Exchange-Traded Fund VIII $1,507,297 0.66% 32,290 $80,771 Down ×2
BIL SPDR SERIES TRUST $1,462,891 0.64% 15,963 $303,553 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,421,097 0.62% 4,022 $287,139 Up ×1
AVGO Broadcom Inc. - Common Stock $1,419,977 0.62% 3,759 $263,338 Up ×1
XXV Simplify Ancorato Target 25 Distribution ETF $1,412,527 0.62% 59,713 $-196,514 Down ×1
DNOV First Trust Exchange-Traded Fund VIII $1,310,760 0.58% 25,526 $87,927
BUFR First Trust Exchange-Traded Fund VIII $1,276,431 0.56% 34,942 $173,401 Up ×2
V Visa Inc. $1,238,212 0.54% 3,609 $141,988 Down ×2
MAIN Main Street Capital Corporation Common Stock $1,228,518 0.54% 23,680 $-25,575
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,212,221 0.53% 2,538 $491,374 Up ×2
ACYN FT Vest Laddered Autocallable Barrier & Income ETF $1,174,635 0.52% 56,500 $352,261 Up ×1
CORO iShares International Country Rotation Active ETF $1,159,305 0.51% 31,675 Up ×1
CLSE Trust for Professional Managers $1,155,299 0.51% 33,845 Up ×1
IWF iShares Russell 1000 Growth Fund $1,141,246 0.50% 9,191 $125,135 Up ×1
PIT VanEck ETF Trust $1,139,993 0.50% 17,270 $23,324 Up ×1
MA Mastercard Incorporated Common Stock $1,098,077 0.48% 2,138 $38,298 Up ×1
LLY Eli Lilly and Company Common Stock $1,090,288 0.48% 909 $451,048 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,056,838 0.46% 7,207 $158,421 Up ×4
JNJ Johnson & Johnson Common Stock $1,027,056 0.45% 4,044 $314,758 Up ×5
JPM JP Morgan Chase & Co. Common Stock $1,019,883 0.45% 3,115 $191,234 Up ×3
SPMO Invesco S&P 500 Momentum ETF $980,446 0.43% 6,069
IVW iShares S&P 500 Growth ETF $975,091 0.43% 7,090 Up ×1
ACI Albertsons Companies, Inc. Class A Common Stock $971,454 0.43% 71,800 $-338,922 Down ×1
SFLR Innovator Equity Managed Floor ETF $966,468 0.42% 25,051 $80,651 Up ×1
CVX Chevron Corporation Common Stock $944,739 0.42% 5,699 $-19,415 Up ×5
PM Philip Morris International Inc Common Stock $898,934 0.40% 4,968 $66,778 Down ×1
VYM Vanguard High Dividend Yield ETF $887,078 0.39% 5,613 $550,743 Up ×1
FELG Fidelity Covington Trust $868,509 0.38% 19,851 $-1,635,561 Down ×1
AZO AutoZone, Inc. Common Stock $862,904 0.38% 270 $-45,719 Up ×1
DYNF BlackRock ETF Trust $846,459 0.37% 12,446 Up ×1
WMT Walmart Inc. - Common Stock $843,674 0.37% 7,449 $-69,163 Up ×1
IVE iShares Trust $824,239 0.36% 3,630 Up ×1
CLOB VanEck ETF Trust $815,959 0.36% 16,153 $103,977 Up ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $806,501 0.35% 13,267 $86,068 Up ×3
DDM ProShares Trust $803,267 0.35% 12,258
SWK Stanley Black & Decker, Inc. Common Stock $801,563 0.35% 8,516 $336,688 Up ×6
GILD Gilead Sciences, Inc. - Common Stock $794,266 0.35% 6,286 $80,552 Up ×5
CEF Sprott Physical Gold and Silver Trust Units $790,841 0.35% 19,658 Up ×1
PGR Progressive Corporation (The) Common Stock $782,488 0.34% 3,582 $109,463 Up ×1
AMCR Amcor plc Ordinary Shares $781,328 0.34% 18,023 $390,983 Up ×1
MS Morgan Stanley Common Stock $768,377 0.34% 3,675 $216,574 Up ×3
ABEQ Unified Series Trust $762,712 0.34% 20,503 $20,471 Up ×5
JQC Nuveen Credit Strategies Income Fund Shares of Beneficial Interest $756,745 0.33% 155,708 $20,216 Up ×1
XIMR First Trust Exchange-Traded Fund VIII $727,723 0.32% 23,117 $-118,042 Down ×1
T AT&T Inc. $725,443 0.32% 35,045 $-73,521 Up ×1
IBM International Business Machines Corporation Common Stock $706,849 0.31% 2,513 $241,218 Up ×5
EPD Enterprise Products Partners L.P. Common Stock $698,440 0.31% 19,000 $-20,520
CIBR First Trust NASDAQ Cybersecurity ETF $695,709 0.31% 7,743 $223,603 Up ×5
KO Coca-Cola Company (The) Common Stock $694,705 0.31% 8,548 $172,241 Up ×4
ORCL Oracle Corporation Common Stock $666,510 0.29% 4,548 $-34,763 Down ×2
FENY FIDELITY COVINGTON TRUST $659,868 0.29% 22,323 $-95,750 Up ×2
BUFD First Trust Exchange-Traded Fund VIII $640,198 0.28% 21,541 $37,162 Up ×2
PAVE Global X Funds $639,753 0.28% 10,858 $117,782 Up ×1
BAI iShares A.I. Innovation and Tech Active ETF $633,906 0.28% 12,024 Up ×1
CLOI VanEck ETF Trust $618,880 0.27% 11,688 $-338,732 Down ×1
DFEB First Trust Exchange-Traded Fund VIII $617,118 0.27% 12,222 $40,294 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $614,291 0.27% 4,852 $115,671 Up ×5
RDVY First Trust Rising Dividend Achievers ETF $600,249 0.26% 7,405 $129,254 Up ×3
ADM Archer-Daniels-Midland Company Common Stock $598,438 0.26% 7,832 $160,045 Up ×3
SPYM State Street SPDR Portfolio S&P 500 ETF $589,990 0.26% 6,713 $198,258 Up ×2
IVV iShares Trust $587,130 0.26% 784 $61,296 Down ×2
PSLV Sprott Physical Silver Trust ETV $586,668 0.26% 31,090 $-160,910 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $584,135 0.26% 1,037 $90,387 Up ×3
TFC Truist Financial Corporation Common Stock $583,926 0.26% 11,720 $149,877 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $582,549 0.26% 576 $96,951 Up ×2
SPEU State Street SPDR Portfolio Europe ETF $579,698 0.25% 10,563 $71,141 Up ×4
FBCG Fidelity Blue Chip Growth ETF $574,412 0.25% 9,248 $106,792 Down ×1
MU Micron Technology, Inc. - Common Stock $572,528 0.25% 496 $61,714 Down ×3
HRL Hormel Foods Corporation Common Stock $570,140 0.25% 22,970 $226,086 Up ×2
RSP Invesco Exchange-Traded Fund Trust $566,607 0.25% 2,663 $58,019 Up ×3

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MBSX $9,015,676 3.96% up ×4
TSLA $7,307,034 3.21% up ×3
FSCO $2,434,945 1.07% up ×5
PG $1,056,838 0.46% up ×4
JNJ $1,027,056 0.45% up ×5
JPM $1,019,883 0.45% up ×3
CVX $944,739 0.42% up ×5
SPYV $806,501 0.35% up ×3
SWK $801,563 0.35% up ×6
GILD $794,266 0.35% up ×5
MS $768,377 0.34% up ×3
ABEQ $762,712 0.34% up ×5
IBM $706,849 0.31% up ×5
CIBR $695,709 0.31% up ×5
KO $694,705 0.31% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
STAX $5,682,184 223,409 2.50%
SYK $2,623,246 8,332 1.15%
ITOT $2,009,535 12,233 0.88%
CORO $1,159,305 31,675 0.51%
CLSE $1,155,299 33,845 0.51%
SPMO $980,446 6,069 0.43%
IVW $975,091 7,090 0.43%
DYNF $846,459 12,446 0.37%
IVE $824,239 3,630 0.36%
DDM $803,267 12,258 0.35%
CEF $790,841 19,658 0.35%
BAI $633,906 12,024 0.28%
MQQQ $561,388 2,286 0.25%
FAAA $472,128 9,413 0.21%
SMH $470,273 717 0.21%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TSLA Bought more +4K +$2.4M
FELG Trimmed -47K -$1.6M
COP Trimmed -2K -$1.6M
QLD Bought more +8K +$1.6M
UYLD Bought more +27K +$1.4M
HD Bought more +3K +$1.3M
AMGN Bought more +3K +$1.1M
KKR Bought more +11K +$1.0M
UNH Trimmed -1K +$996K
RAAX Trimmed -21K -$933K

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
FDVV June 30, 2026 53,925 $2,978,817
VBIL June 30, 2026 23,028 $1,742,068
SIVR June 30, 2026 22,781 $1,631,347
GLDM June 30, 2025 24,289 $1,503,246 25.0%
DBMF Sept. 30, 2025 49,055 $1,262,185
XVOL March 31, 2026 52,691 $1,207,815
CLIP March 31, 2026 10,921 $1,093,301
PWR June 30, 2025 4,155 $1,056,117 79.3%
TXSS June 30, 2025 40,928 $1,042,125 No longer tracked
BOTZ March 31, 2026 26,063 $944,262
QQQ June 30, 2025 1,998 $936,902 35.0%
SIVR June 30, 2025 28,763 $935,085
OILT June 30, 2025 35,513 $875,182 No longer tracked
PCMM March 31, 2026 16,297 $816,806
HODL June 30, 2025 31,767 $740,488 -19.6%
TLT Sept. 30, 2025 8,156 $719,767
XLP Sept. 30, 2025 8,831 $715,046 No longer tracked
SGOL Sept. 30, 2025 22,360 $705,234 7.1%
VUG June 30, 2026 1,445 $631,162 6.4%
KHPI June 30, 2025 25,856 $619,509
ROST June 30, 2026 2,752 $596,166 6.8%
XLV June 30, 2025 4,045 $590,610 23.3%
DDM March 31, 2026 10,180 $578,835
BSCP Dec. 31, 2025 24,610 $509,181 No longer tracked
CMI June 30, 2026 929 $499,821 -26.5%
GSG June 30, 2025 20,804 $473,707
SCHG Dec. 31, 2025 14,669 $468,088 11.2%
BBBS March 31, 2026 8,390 $431,917
ETHV June 30, 2025 15,977 $427,384
SGOL June 30, 2026 9,147 $408,139 3.1%
ZTS June 30, 2026 3,098 $366,215 -2.3%
BAX Sept. 30, 2025 11,914 $360,756 4.9%
MDT June 30, 2026 4,089 $354,312 11.1%
IHI June 30, 2025 5,801 $349,162 -17.6%
ABT March 31, 2026 2,775 $347,680 -3.6%
QTWO Sept. 30, 2025 3,707 $346,938 -20.6%
BSCQ March 31, 2026 17,571 $343,952
IVV June 30, 2025 607 $341,073
ADBE March 31, 2026 972 $340,190 -2.4%
NLR Dec. 31, 2025 2,464 $334,242 -14.8%
WDAY Sept. 30, 2025 1,384 $332,160 -22.7%
SPMO Dec. 31, 2025 2,734 $330,978
CAT June 30, 2026 454 $321,641 -20.6%
CYBR Sept. 30, 2025 777 $316,146 No longer tracked
ACN June 30, 2026 1,572 $311,712 58.5%
NFLX Dec. 31, 2025 255 $305,725 -28.8%
SPDW June 30, 2025 8,343 $303,768
XLB March 31, 2026 6,537 $296,453 No longer tracked
TJX June 30, 2026 1,848 $295,126 -11.9%
SCHW June 30, 2025 3,672 $287,444 6.0%
BKLC June 30, 2026 2,206 $275,331
ISRG March 31, 2026 483 $273,552 -13.6%
VUG June 30, 2025 732 $271,440 25.5%
ETN March 31, 2026 845 $269,141 22.4%
CVE June 30, 2026 10,000 $265,300 26.1%
SLB June 30, 2025 6,285 $262,713 46.7%
ABNB March 31, 2026 1,925 $261,261 28.7%
IREN March 31, 2026 6,905 $260,802 17.8%
XLU Sept. 30, 2025 3,122 $254,943 No longer tracked
IT Sept. 30, 2025 622 $251,425 -28.8%
PLTR June 30, 2026 1,685 $246,482 62.1%
AON June 30, 2026 751 $242,408 -18.9%
JPIE June 30, 2025 5,229 $240,900
EMTL June 30, 2025 5,570 $240,067
STIP June 30, 2025 2,313 $239,326
FUN Sept. 30, 2025 7,846 $238,754 -49.4%
GHYG June 30, 2025 5,355 $238,618
VGSH Dec. 31, 2025 4,051 $238,401
CSGP Dec. 31, 2025 2,821 $238,008 -59.4%
KOF Sept. 30, 2025 2,443 $236,311 28.8%
STRA Dec. 31, 2025 2,735 $235,237 -0.7%
SPYG June 30, 2025 2,919 $234,600 31.4%
FISV Sept. 30, 2025 1,356 $233,788 -64.6%
IBN June 30, 2026 9,017 $233,540 -4.4%
DLTR Dec. 31, 2025 2,465 $232,622 -8.3%
SPEM June 30, 2025 5,905 $232,479 23.2%
PLTR Sept. 30, 2025 1,705 $232,426 3.7%
SNPS March 31, 2026 490 $230,163 26.6%
FTGC Sept. 30, 2025 9,284 $229,036
FIS Sept. 30, 2025 2,764 $225,017 -50.5%
HCA June 30, 2025 644 $222,534 12.6%
SPYG March 31, 2026 2,059 $219,695 27.9%
MMKT June 30, 2025 2,190 $219,492 -0.1%
BSX March 31, 2026 2,300 $219,305 -31.5%
REZ March 31, 2026 2,651 $219,079
NICE Sept. 30, 2025 1,297 $219,076 -21.2%
BALL Sept. 30, 2025 3,891 $218,246 11.4%
CL Sept. 30, 2025 2,399 $218,069 7.2%
PAYC Dec. 31, 2025 1,034 $215,217 39.9%
IQV Dec. 31, 2025 1,130 $214,632 16.0%
GEHC June 30, 2026 3,007 $214,038 0.7%
UBER June 30, 2026 2,970 $213,632 -3.7%
URI June 30, 2026 293 $213,468 -5.2%
SCHW March 31, 2026 2,133 $213,108 2.9%
OXLC March 31, 2026 14,400 $210,816 -7.8%
RTO June 30, 2026 6,665 $209,814 -30.1%
ECC March 31, 2026 36,200 $208,512 -9.3%
ETH Dec. 31, 2025 5,225 $204,716 -7.3%
DVN June 30, 2026 4,050 $203,796 15.8%
ICE June 30, 2025 1,164 $200,790 -18.3%
NVTS Sept. 30, 2025 24,368 $159,610 66.8%
UVXY (filed as UVXYXXXX) Dec. 31, 2025 12,809 $133,726 -54.0%
ARCT June 30, 2026 16,857 $130,136 91.4%
ACRE June 30, 2026 24,816 $119,117 -16.8%
AVTR March 31, 2026 10,199 $116,881 96.7%
TNYA June 30, 2026 153,137 $106,032 -24.0%
OPRT June 30, 2026 22,093 $101,849 46.8%
XFLT March 31, 2026 18,572 $89,146 11.9%
TIGR June 30, 2026 11,753 $74,044 -1.7%
MDXH Sept. 30, 2025 32,594 $72,033 -87.5%
AMBP March 31, 2026 16,658 $68,298 8.6%
BLND Sept. 30, 2025 18,347 $60,545 -71.2%
CRDF Sept. 30, 2025 13,995 $44,084 -46.4%
BMBL March 31, 2026 11,500 $41,055 -22.3%