Sector breakdown

04
Industrials 13.4%
Technology 12.4%
Health Care 6.9%
Financials 6.8%
Retail 6.0%
Energy 3.2%
Communication Services 1.3%
Consumer Discretionary 0.8%
Materials 0.6%
Consumer products 0.5%
Utilities 0.3%
Consumer Staples 0.1%
Other/Unmapped 47.7%

Full portfolio 209 positions

05
Type Streak 8Q trend
UPS United Parcel Service, Inc. Common Stock $49,285,927 7.66% 480,457 $25,684,354 Up ×1
VOO VANGUARD INDEX FUNDS $41,770,051 6.49% 60,977 $22,023,155 Up ×1
SGOV iShares Trust $31,154,169 4.84% 310,239 $0
VONV Vanguard Russell 1000 Value ETF $27,031,504 4.20% 252,918 $14,852,301 Up ×4
AAPL Apple Inc. - Common Stock $18,527,486 2.88% 66,927 $0
VCRB Vanguard Core Bond ETF $16,748,432 2.60% 220,113 Up ×1
VXUS Vanguard Total International Stock ETF $15,284,152 2.38% 180,068 $9,747,740 Up ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $15,166,484 2.36% 39,178 $7,101,559 Up ×1
HFSI Hartford Funds Exchange-Traded Trust $14,435,235 2.24% 411,612 $0
VTI VANGUARD INDEX FUNDS $11,609,617 1.81% 31,189 $8,073,918 Up ×5
PALC Pacer Funds Trust $10,293,292 1.60% 189,528 $0
WSM Williams-Sonoma, Inc. Common Stock (DE) $10,166,771 1.58% 47,725 $6,059,334 Up ×2
FTLS First Trust Exchange-Traded Fund III $9,706,700 1.51% 132,533 $0
WMT Walmart Inc. - Common Stock $9,538,730 1.48% 79,456 $4,851,654 Up ×1
NVDA NVIDIA Corporation - Common Stock $9,336,520 1.45% 47,040 $0
IBDV iShares Trust $9,122,473 1.42% 418,846 $0
LLY Eli Lilly and Company Common Stock $8,965,346 1.39% 9,262 $0
SCHR SCHWAB STRATEGIC TRUST $8,690,448 1.35% 351,983 $0
MSFT Microsoft Corporation - Common Stock $8,600,749 1.34% 20,794 $0
UNP Union Pacific Corporation Common Stock $7,781,731 1.21% 27,680 $4,412,194 Up ×6
BND Vanguard Total Bond Market ETF $7,734,588 1.20% 106,459 $5,254,476 Up ×5
SCHD SCHWAB STRATEGIC TRUST $7,602,747 1.18% 241,204 $0
V Visa Inc. $7,027,985 1.09% 20,065 $4,063,545 Up ×1
WM Waste Management, Inc. Common Stock $6,756,193 1.05% 29,837 $3,660,415 Up ×6
VTWG Vanguard Russell 2000 Growth ETF $6,543,837 1.02% 24,280 $2,021,419 Up ×2
AMZN Amazon.com, Inc. - Common Stock $6,253,575 0.97% 22,987 $0
AMD Advanced Micro Devices, Inc. - Common Stock $6,187,339 0.96% 18,116 $0
ABBV AbbVie Inc. Common Stock $5,821,719 0.91% 27,968 $0
ADI Analog Devices, Inc. - Common Stock $5,583,805 0.87% 14,064 $0
COIN Coinbase Global, Inc. - 3Class A Common Stock $5,480,730 0.85% 27,000 $0
SMCI Super Micro Computer, Inc. - Common Stock $5,109,360 0.79% 183,000 $0
SCHQ SCHWAB STRATEGIC TRUST $5,083,859 0.79% 164,686 $0
JPM JP Morgan Chase & Co. Common Stock $5,076,785 0.79% 16,502 $0
CVX Chevron Corporation Common Stock $5,045,498 0.78% 26,240 $0
COST Costco Wholesale Corporation - Common Stock $4,998,433 0.78% 4,935 $0
SPTS SPDR SERIES TRUST $4,966,191 0.77% 171,071 $0
XOM Exxon Mobil Corporation Common Stock $4,925,441 0.77% 32,048 $0
QQQ Invesco QQQ Trust, Series 1 $4,818,654 0.75% 7,161 $0
EVR Evercore Inc. Class A Common Stock $4,710,581 0.73% 14,764 $0
IBDT iShares Trust $4,608,578 0.72% 182,808 $0
JNJ Johnson & Johnson Common Stock $4,337,116 0.67% 19,345 $0
PLTR Palantir Technologies Inc. - Class A Common Stock $4,080,808 0.63% 27,945 $0
RTX RTX Corporation Common Stock $4,039,558 0.63% 23,364 $0
XLU XLU $3,957,911 0.62% 85,355 $0
CF CF Industries Holdings, Inc. Common Stock $3,862,485 0.60% 30,681 $0
KMI Kinder Morgan, Inc. Common Stock $3,729,350 0.58% 114,855 $0
GOOG Alphabet Inc. - Class C Capital Stock $3,690,573 0.57% 9,721 $0
XLB XLB $3,652,017 0.57% 72,103 $0
GLD SPDR Gold Shares $3,649,647 0.57% 8,800 $0
GILD Gilead Sciences, Inc. - Common Stock $3,517,094 0.55% 26,506 $0
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $3,505,692 0.55% 7,471 $0
TSLA Tesla, Inc. - Common Stock $3,483,526 0.54% 8,875 $0
DKS Dick's Sporting Goods Inc Common Stock $3,441,099 0.54% 15,838 $0
DIVO Amplify ETF Trust $3,394,298 0.53% 75,162 $0
SNA Snap-On Incorporated Common Stock $3,357,632 0.52% 9,023 $0
XLF SELECT SECTOR SPDR TRUST $3,344,242 0.52% 64,836 $0
MTG MGIC Investment Corporation Common Stock $3,343,329 0.52% 127,754 $0
ORCL Oracle Corporation Common Stock $3,236,159 0.50% 17,950 $0
LMT Lockheed Martin Corporation Common Stock $3,216,699 0.50% 6,208 $0
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,201,598 0.50% 6,833 $0
TJX TJX Companies, Inc. (The) Common Stock $3,158,937 0.49% 20,428 $0
XLP XLP $3,097,246 0.48% 37,075 $0
IVV iShares Trust $3,074,343 0.48% 4,262 $0
MDT Medtronic plc. Ordinary Shares $3,071,474 0.48% 39,227 $0
HERD Pacer Cash Cows Fund of Funds ETF $3,055,162 0.48% 64,907 $0
PFG Principal Financial Group Inc - Common Stock $3,052,814 0.47% 30,694 $0
AIG American International Group, Inc. New Common Stock $2,968,724 0.46% 38,276 $0
MPC Marathon Petroleum Corporation Common Stock $2,802,121 0.44% 11,096 $0
AVGO Broadcom Inc. - Common Stock $2,741,203 0.43% 6,582 $0
QCOM QUALCOMM Incorporated - Common Stock $2,702,102 0.42% 16,048 $0
MA Mastercard Incorporated Common Stock $2,671,482 0.42% 5,293 $0
ADP Automatic Data Processing, Inc. - Common Stock $2,657,706 0.41% 12,577 $0
MSTR Strategy Inc - Class A Common Stock $2,275,444 0.35% 12,380 $0
GOOGL Alphabet Inc. - Class A Common Stock $2,234,320 0.35% 5,830 $0
DVN Devon Energy Corporation Common Stock $2,155,310 0.34% 42,047 $0
KBDC Kayne Anderson BDC, Inc. Common Stock $1,997,354 0.31% 131,578 $0
ACN Accenture plc Class A Ordinary Shares (Ireland) $1,943,675 0.30% 10,791 $0
IBDX iShares Trust $1,925,417 0.30% 76,618 $0
FNGU MicroSectors FANG+ 3X Leveraged ETNs $1,880,238 0.29% 73,218 $0
VLO Valero Energy Corporation Common Stock $1,742,415 0.27% 6,149 $1,054,464 Up ×1
BGIG ETF Series Solutions $1,740,149 0.27% 50,163 $0
KLAC KLA Corporation - Common Stock $1,725,313 0.27% 1,007 $0
CL Colgate-Palmolive Company Common Stock $1,676,155 0.26% 19,634 $0
USMV iShares Trust $1,556,920 0.24% 16,500 $0
VFMF VANGUARD WELLINGTON FUND $1,417,504 0.22% 7,610 Up ×1
SPY SPY $1,385,757 0.22% 1,930 $0
SFY Tidal Trust I $1,264,302 0.20% 8,988 $0
MCD McDonald's Corporation Common Stock $1,250,191 0.19% 4,401 $0
GWW W.W. Grainger, Inc. Common Stock $1,203,337 0.19% 984 $652,826 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,158,028 0.18% 8,074 $0
MU Micron Technology, Inc. - Common Stock $1,116,584 0.17% 1,937 $0
MAIA CUSIP: 552641102 $1,107,445 0.17% 796,723 $0
NEE NextEra Energy, Inc. Common Stock $1,089,292 0.17% 11,405 $0
MSTU ETF Opportunities Trust $1,072,476 0.17% 125,143 $0
EZM WisdomTree Trust $1,055,696 0.16% 14,140 $551,051 Up ×4
CSCO Cisco Systems, Inc. - Common Stock $1,052,051 0.16% 11,358 $0
MSTI Madison ETFs Trust $1,048,750 0.16% 51,599 $0
MAGG Madison ETFs Trust $1,041,644 0.16% 51,541 $0
IYY iShares Trust $1,022,499 0.16% 5,854 $0
HON Honeywell International Inc. - Common Stock $1,015,464 0.16% 4,845 $0

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VONV $27,031,504 4.20% up ×4
VXUS $15,284,152 2.38% up ×3
VTI $11,609,617 1.81% up ×5
UNP $7,781,731 1.21% up ×6
BND $7,734,588 1.20% up ×5
WM $6,756,193 1.05% up ×6
EZM $1,055,696 0.16% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VCRB $16,748,432 220,113 2.60%
VFMF $1,417,504 7,610 0.22%
VWO $873,085 14,539 0.14%
USB $231,935 3,611 0.04%
WFC $214,346 2,425 0.03%
UNG $195,400 20,000 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
UPS Bought more +235K +$25.7M
VOO Bought more +31K +$22.0M
VONV Bought more +132K +$14.9M
VXUS Bought more +113K +$9.7M
VTI Bought more +21K +$8.1M
UNH Bought more +17K +$7.1M
WSM Bought more +24K +$6.1M
BND Bought more +73K +$5.3M
WMT Bought more +43K +$4.9M
UNP Bought more +15K +$4.4M

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
FNGA June 30, 2025 19,578 $7,048,080 No longer tracked
SMCI June 30, 2025 153,005 $5,238,891 -10.9%
XLE Sept. 30, 2025 40,791 $3,464,364 40.6%
XLC Dec. 31, 2025 29,658 $3,405,045 -6.3%
RTX Sept. 30, 2025 21,948 $3,398,792 10.4%
XLV March 31, 2026 21,619 $3,365,873 13.3%
PAMC June 30, 2025 76,128 $3,227,066
KOLD June 30, 2025 150,000 $2,935,500 8.4%
FUTY June 30, 2025 54,117 $2,757,261
INGR Dec. 31, 2025 20,004 $2,308,690 -13.5%
THO June 30, 2025 24,891 $1,887,012 -21.7%
IBDR Dec. 31, 2025 73,956 $1,796,395
COIN Dec. 31, 2025 4,029 $1,385,090 -19.1%
BOIL Dec. 31, 2025 40,000 $1,203,600 -56.5%
FIRS Sept. 30, 2025 50,619 $1,102,229 No longer tracked
FHLC Sept. 30, 2025 15,307 $951,326
MARA June 30, 2025 70,001 $805,012 -28.4%
BA Dec. 31, 2025 2,917 $586,310 -10.9%
CNC Sept. 30, 2025 21,000 $537,390 76.5%
CLOX March 31, 2026 20,000 $512,700
NVO March 31, 2026 6,887 $405,851 1.6%
PBR Sept. 30, 2025 31,699 $384,192 71.0%
ET Sept. 30, 2025 20,399 $352,495 19.3%
VOTE June 30, 2025 4,844 $316,749
WOLF June 30, 2025 100,000 $306,000
GBTC Dec. 31, 2025 3,119 $268,296 -4.8%
UNG Dec. 31, 2025 20,000 $265,000 -14.6%
IBIT Dec. 31, 2025 3,875 $241,413
IVW March 31, 2026 1,929 $239,724 26.7%
SHOP Sept. 30, 2025 1,569 $234,738 1.9%
AXON Sept. 30, 2025 265 $223,263 -42.4%
SBUX Sept. 30, 2025 2,398 $220,935 12.0%
NKE Sept. 30, 2025 2,954 $219,157 -51.4%
EMR Sept. 30, 2025 1,625 $215,756 23.2%
FCX March 31, 2026 3,439 $208,954 22.6%
T Sept. 30, 2025 7,408 $208,018 -14.0%
NKE March 31, 2026 3,277 $203,751 -35.9%
MELI Dec. 31, 2025 87 $202,472 -15.8%
ARKB Sept. 30, 2025 5,226 $202,298 -26.5%
ETN Sept. 30, 2025 555 $201,376 16.5%
VHT June 30, 2025 757 $200,401
F March 31, 2026 11,455 $158,197 4.9%
NML March 31, 2026 12,033 $109,624 No longer tracked
FSM March 31, 2026 11,000 $107,800 13.3%
BAK Dec. 31, 2025 40,000 $100,400 -47.5%
NVDL Dec. 31, 2025 1,200 $96,753
EXK Dec. 31, 2025 10,064 $82,525 -8.5%
COTY Dec. 31, 2025 20,000 $79,400 -13.6%
ACHR June 30, 2025 10,120 $71,953 -54.9%
CLSK June 30, 2025 10,000 $67,200 15.5%