Sector breakdown

04
Financials 4.8%
Technology 4.6%
Energy 1.1%
Healthcare 0.9%
Communication Services 0.8%
Retail 0.5%
Industrials 0.3%
Consumer Discretionary 0.2%
Other/Unmapped 86.9%

Full portfolio 83 positions

05
Type Streak 8Q trend
VCIT Vanguard Intermediate-Term Corporate Bond ETF $18,789,325 7.34% 227,336 $1,830,261 Up ×6
VYM VANGUARD WHITEHALL FUNDS $16,609,307 6.49% 105,102 $1,417,850 Up ×4
JPST J.P. Morgan Exchange-Traded Fund Trust $16,510,363 6.45% 326,485 $1,372,111 Up ×6
DFEM Dimensional ETF Trust $13,188,786 5.15% 324,527 $1,881,365 Down ×6
ISCF iShares Trust $11,886,641 4.65% 274,582 $442,021 Up ×1
VGSH Vanguard Short-Term Treasury ETF $11,180,722 4.37% 192,109 $63,890 Up ×4
VOO VANGUARD INDEX FUNDS $11,023,658 4.31% 16,051 $1,780,206 Up ×6
IDEV iShares Trust $9,879,922 3.86% 110,998 $761,841 Up ×1
REET iShares Trust $8,834,948 3.45% 319,875 $1,711,927 Up ×6
IJJ iShares Trust $8,557,697 3.34% 57,928 $741,125 Down ×2
IEMG iShares, Inc. $8,423,414 3.29% 101,683 $1,311,470 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $7,488,500 2.93% 10 $307,100
DFIV Dimensional ETF Trust $7,414,428 2.90% 137,253 $268,222 Up ×5
IJK iShares Trust $6,671,752 2.61% 56,781 $958,886 Up ×4
EFV iShares Trust $6,197,394 2.42% 80,959 $-140,123 Down ×6
VUG VANGUARD INDEX FUNDS $6,034,934 2.36% 70,060 $1,057,440 Up ×1
EDV VANGUARD WORLD FUND $6,009,281 2.35% 92,337 $-2,770,327 Down ×1
IJR iShares Trust $5,870,449 2.29% 39,582 $1,131,109 Up ×1
VOE VANGUARD INDEX FUNDS $4,585,414 1.79% 23,206 $108,311 Down ×6
VSS VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $4,573,631 1.79% 29,643 $155,930 Down ×6
DGS WisdomTree Trust $4,352,175 1.70% 67,257 $270,336 Down ×2
VB VANGUARD INDEX FUNDS $3,895,277 1.52% 12,851 $495,048 Down ×6
IJS iShares Trust $3,845,608 1.50% 28,136 $493,563 Down ×6
AAPL Apple Inc. - Common Stock $3,804,844 1.49% 13,149 $468,205 Up ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,712,894 1.45% 7,420 $161,064 Up ×3
XOM Exxon Mobil Corporation Common Stock $2,931,972 1.15% 21,445 $-687,540 Up ×3
JMST J.P. Morgan Exchange-Traded Fund Trust $2,600,004 1.02% 50,980 $785,760 Up ×3
MGK VANGUARD WORLD FUND $2,422,203 0.95% 27,553 $336,988 Up ×2
NVDA NVIDIA Corporation - Common Stock $2,413,886 0.94% 12,064 $-51,084 Down ×2
VOT VANGUARD INDEX FUNDS $2,339,670 0.91% 7,638 $375,237 Up ×1
VIGI Vanguard International Dividend Appreciation ETF $2,203,357 0.86% 23,596 $114,410 Down ×2
MGV VANGUARD WORLD FUND $1,780,768 0.70% 10,895 $141,991 Down ×1
VTV VANGUARD INDEX FUNDS $1,751,102 0.68% 8,035 $166,596 Down ×6
MSFT Microsoft Corporation - Common Stock $1,688,797 0.66% 4,527 $14,779 Up ×3
IWS iShares Trust $1,212,443 0.47% 7,366 $23,767 Down ×2
VNQ VANGUARD SPECIALIZED FUNDS $1,126,457 0.44% 11,682 $84,437 Down ×1
AMZN Amazon.com, Inc. - Common Stock $1,085,639 0.42% 4,555 $136,969
GOOG Alphabet Inc. - Class C Capital Stock $1,017,767 0.40% 2,880 $191,502
DON WisdomTree Trust $1,010,834 0.40% 17,885 $67,296 Down ×6
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $1,006,278 0.39% 16,858 $84,549 Down ×6
EFG iShares Trust $1,002,256 0.39% 8,055 $82,165 Down ×6
VXUS Vanguard Total International Stock ETF $992,198 0.39% 11,606 $95,014 Down ×1
VEA VANGUARD TAX-MANAGED FUNDS $990,364 0.39% 13,900 $99,686 Up ×2
VTI VANGUARD INDEX FUNDS $920,030 0.36% 2,486 $127,736 Up ×2
IBM International Business Machines Corporation Common Stock $813,495 0.32% 2,893 $112,300
CAT Caterpillar, Inc. Common Stock $752,884 0.29% 707 $252,003
TLT iShares 20+ Year Treasury Bond ETF $727,613 0.28% 8,419 $-26,436 Down ×3
AVGO Broadcom Inc. - Common Stock $627,821 0.25% 1,662 $113,415
IAUM iShares Gold Trust Micro Shares $624,116 0.24% 15,599 $-104,357
GOOGL Alphabet Inc. - Class A Common Stock $614,245 0.24% 1,719 $120,044
VCSH Vanguard Short-Term Corporate Bond ETF $614,152 0.24% 7,771 $17,111 Up ×3
AMAT Applied Materials, Inc. - Common Stock $536,837 0.21% 743 $283,053
QUAL iShares Trust $518,733 0.20% 2,364 $65,294
DFAI Dimensional ETF Trust $479,829 0.19% 11,632 $31,789 Up ×1
SCHD SCHWAB STRATEGIC TRUST $478,357 0.19% 15,085 $19,169 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $461,810 0.18% 967 $135,012
META Meta Platforms, Inc. - Class A Common Stock $456,828 0.18% 811 $-7,169
WDC Western Digital Corporation - Common Stock $452,214 0.18% 708 Up ×1
AMGN Amgen Inc. - Common Stock $425,973 0.17% 1,176 $12,081
TSLA Tesla, Inc. - Common Stock $419,759 0.16% 998 $48,752
BMY Bristol-Myers Squibb Company Common Stock $418,429 0.16% 7,262 $-22,004
MA Mastercard Incorporated Common Stock $413,962 0.16% 806 $11,236
IWD iShares Trust $397,032 0.16% 1,638 $47,483 Up ×3
LLY Eli Lilly and Company Common Stock $387,416 0.15% 323 $90,330
VIG VANGUARD SPECIALIZED FUNDS $385,834 0.15% 1,631 $36,555 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $376,205 0.15% 946 $-65,423 Down ×2
MU Micron Technology, Inc. - Common Stock $375,144 0.15% 325 Up ×1
VYMI Vanguard International High Dividend Yield ETF $358,927 0.14% 3,655 $17,989 Up ×2
ESGE iShares ESG Aware MSCI EM ETF $353,420 0.14% 6,462 $60,989 Up ×1
V Visa Inc. $347,550 0.14% 1,013 $41,381
SYK Stryker Corporation Common Stock $344,433 0.13% 1,094 $-14,065 Up ×3
QQQ Invesco QQQ Trust, Series 1 $320,334 0.13% 435 $69,261
DES WisdomTree Trust $266,993 0.10% 6,563 $31,147 Up ×1
URTH iShares, Inc. $260,392 0.10% 1,285 $29,066
SNDK Sandisk Corporation - Common Stock $256,931 0.10% 113 Up ×1
JNJ Johnson & Johnson Common Stock $248,087 0.10% 977 $9,310
ASML ASML Holding N.V. - New York Registry Shares $234,754 0.09% 118 Up ×1
VDE VANGUARD WORLD FUND $218,700 0.09% 1,457 $-144,345 Down ×3
IGF iShares Global Infrastructure ETF $214,608 0.08% 3,222 $7,464 Up ×1
AB AllianceBernstein Holding L.P. Units $212,553 0.08% 6,035 $-13,397
Unknown issuer (CUSIP: 02072Q275) $207,282 0.08% 3,641 Up ×1
IVV iShares Trust $205,945 0.08% 275
COST Costco Wholesale Corporation - Common Stock $201,529 0.08% 215 $-27,083 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
VCIT $18,789,325 7.34% up ×6
VYM $16,609,307 6.49% up ×4
JPST $16,510,363 6.45% up ×6
VGSH $11,180,722 4.37% up ×4
VOO $11,023,658 4.31% up ×6
REET $8,834,948 3.45% up ×6
DFIV $7,414,428 2.90% up ×5
IJK $6,671,752 2.61% up ×4
AAPL $3,804,844 1.49% up ×4
BRK-B (filed as BRKB) $3,712,894 1.45% up ×3
XOM $2,931,972 1.15% up ×3
JMST $2,600,004 1.02% up ×3
MSFT $1,688,797 0.66% up ×3
VCSH $614,152 0.24% up ×3
IWD $397,032 0.16% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
WDC $452,214 708 0.18%
MU $375,144 325 0.15%
SNDK $256,931 113 0.10%
ASML $234,754 118 0.09%
Unknown issuer (CUSIP: 02072Q275) $207,282 3,641 0.08%
IVV $205,945 275 0.08%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
EDV Trimmed -43K -$2.8M
DFEM Trimmed -3K +$1.9M
VCIT Bought more +22K +$1.8M
VOO Bought more +582 +$1.8M
REET Bought more +37K +$1.7M
VYM Bought more +3K +$1.4M
JPST Bought more +27K +$1.4M
IEMG Trimmed -280 +$1.3M
IJR Bought more +1K +$1.1M
VUG Bought more +59K +$1.1M

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
SLV Dec. 31, 2025 21,748 $921,463 -15.0%
RIVN Dec. 31, 2025 47,781 $701,425 -27.4%
JAAA June 30, 2026 8,400 $423,108
SLB Sept. 30, 2025 8,741 $295,447 41.8%
TBIL June 30, 2026 5,800 $289,188
IAU Dec. 31, 2025 3,497 $254,477 -4.0%
NFLX June 30, 2026 2,530 $243,260 -6.1%
KHC Sept. 30, 2025 8,939 $230,805 -14.8%
VWOB June 30, 2025 3,485 $223,767
WFC March 31, 2026 2,373 $221,164 1.1%
IVV March 31, 2026 319 $218,496
XLE June 30, 2025 2,194 $204,998 48.1%
IEFA June 30, 2026 2,228 $201,661
RFL Dec. 31, 2025 12,562 $17,084 30.5%