Sector breakdown

04
Technology 4.5%
Financials 3.3%
Industrials 1.6%
Communication Services 1.5%
Retail 1.5%
Healthcare 1.2%
Energy 0.7%
Consumer Staples 0.5%
Utilities 0.4%
Consumer Discretionary 0.3%
Real Estate 0.2%
Consumer products 0.1%
Materials 0.1%
Other/Unmapped 84.1%

Full portfolio 327 positions

05
Type Streak 8Q trend
VUG Vanguard Morningstar Growth ETF $49,996,616 4.03% 580,439 $8,042,446 Up ×3
QQQ Invesco QQQ Trust, Series 1 $44,950,093 3.62% 61,040 $9,345,493 Down ×1
VCSH Vanguard Short-Term Corporate Bond ETF $32,557,363 2.63% 411,962 $23,989,178 Up ×6
FNDX SCHWAB STRATEGIC TRUST $30,472,398 2.46% 979,820 $5,900,962 Up ×6
COWZ Pacer Funds Trust $27,858,624 2.25% 447,890 $-453,398 Down ×4
VTV Vanguard Morningstar Value ETF $26,443,567 2.13% 121,337 $2,877,091 Up ×1
JPIE JPMorgan Income ETF $23,852,146 1.92% 517,962 $2,085,441 Up ×5
IVV iShares Trust $23,496,849 1.89% 31,376 $1,329,276 Down ×6
ICVT iShares Convertible Bond ETF $23,400,382 1.89% 192,216 $5,091,141 Up ×5
AVUV AMERICAN CENTURY ETF TRUST $22,676,283 1.83% 181,759 $2,678,488 Up ×6
SCHF SCHWAB STRATEGIC TRUST $21,348,383 1.72% 770,700 $2,619,905 Up ×6
AAPL Apple Inc. - Common Stock $21,069,564 1.70% 72,814 $2,546,312 Down ×6
VOO Vanguard S&P 500 ETF $20,725,479 1.67% 30,176 $3,836,928 Up ×6
VYM Vanguard High Dividend Yield ETF $19,387,471 1.56% 122,682 $1,946,830 Up ×6
IWY iShares Russell Top 200 Growth ETF $19,110,196 1.54% 65,757 $2,833,819 Up ×6
FNDF SCHWAB STRATEGIC TRUST $17,900,611 1.44% 339,284 $1,456,243 Up ×1
JPIB JPMorgan International Bond Opportunities ETF $17,638,758 1.42% 364,814 $826,550 Up ×5
VGT Vanguard Information Tech ETF $17,383,161 1.40% 145,441 $4,740,650 Up ×1
DFUS Dimensional ETF Trust $17,157,811 1.38% 209,395 $3,214,158 Up ×6
IEFA iShares Core MSCI EAFE ETF $17,036,172 1.37% 176,394 $1,448,480 Up ×6
AVLV AMERICAN CENTURY ETF TRUST $16,135,076 1.30% 176,900 $2,081,393 Up ×6
BIV VANGUARD BOND INDEX FUNDS $15,498,673 1.25% 202,069 $-5,879,786 Down ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $14,377,505 1.16% 285,325 $762,113 Down ×1
IOO iShares Trust $14,115,974 1.14% 103,359 $1,824,477 Up ×6
USTB VictoryShares Short-Term Bond ETF $13,650,076 1.10% 269,658 $1,916,963 Up ×6
AVEM AMERICAN CENTURY ETF TRUST $13,338,067 1.08% 138,233 $2,756,567 Up ×5
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $12,934,635 1.04% 431,011 $758,559 Up ×2
FENI Fidelity Covington Trust $12,933,954 1.04% 322,301 $1,639,015 Up ×4
GARP iShares Trust $12,498,283 1.01% 151,403 $3,962,174 Up ×2
SCHG SCHWAB STRATEGIC TRUST $12,375,545 1.00% 365,708 $2,130,520 Up ×6
IJH iShares Trust $11,578,389 0.93% 150,154 $957,522 Down ×6
FSTA Fidelity MSCI Consumer Staples Index ETF $11,515,323 0.93% 219,172 $223,580 Up ×1
SPHQ Invesco S&P 500 Quality ETF $11,229,642 0.91% 124,635 $1,517,346 Down ×3
LMBS First Trust Low Duration Opportunities ETF $10,932,130 0.88% 219,609 $10,610,769 Up ×4
IMCG iShares Trust $10,917,191 0.88% 111,060 $3,208,318 Up ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $10,003,850 0.81% 19,992 $-140,612 Down ×3
SPY SPY $9,520,498 0.77% 12,749 $1,039,286 Down ×2
NVDA NVIDIA Corporation - Common Stock $9,460,816 0.76% 47,283 $922,442 Down ×3
MA Mastercard Incorporated Common Stock $9,405,655 0.76% 18,313 $61,082 Down ×4
RDVY First Trust Rising Dividend Achievers ETF $9,389,580 0.76% 115,835 $1,806,738 Up ×4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $9,128,131 0.74% 211,593 $635,919 Down ×1
SJNK SPDR SERIES TRUST $9,075,213 0.73% 362,573 $404,716 Up ×3
AVDE AMERICAN CENTURY ETF TRUST $8,364,646 0.67% 93,774 $2,266,134 Up ×6
DFIV Dimensional ETF Trust $8,258,474 0.67% 152,878 $162,928 Down ×1
VGSH Vanguard Short-Term Treasury ETF $8,225,059 0.66% 141,324 $575,224 Up ×6
VB Vanguard Morningstar Small-Cap ETF $7,607,604 0.61% 25,098 $1,149,610 Up ×6
VEA Vanguard FTSE Developed Markets ETF $7,558,326 0.61% 106,082 $773,156 Up ×4
UCON First Trust Smith Unconstrained Bond ETF $7,543,027 0.61% 303,176 $-207,889 Down ×6
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $7,358,343 0.59% 259,188 $-6,734,350 Down ×1
IJR iShares Trust $7,169,117 0.58% 48,339 $653,612 Down ×6
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $7,074,866 0.57% 140,849 $1,754,624 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $6,961,175 0.56% 19,479 $1,272,091 Down ×1
AMZN Amazon.com, Inc. - Common Stock $6,900,830 0.56% 28,954 $589,522 Down ×3
COST Costco Wholesale Corporation - Common Stock $6,475,955 0.52% 6,923 $-399,961 Up ×1
ISCG iShares Trust $6,434,344 0.52% 98,173 $1,906,472 Up ×5
JPM JP Morgan Chase & Co. Common Stock $6,235,794 0.50% 19,050 $633,972 Up ×3
MUNI PIMCO ETF Trust $6,235,014 0.50% 118,536 $256,701 Up ×6
SCHD SCHWAB STRATEGIC TRUST $6,149,250 0.50% 193,921 $-288,255 Down ×6
XLRE XLRE $6,026,234 0.49% 136,852 $976,307 Up ×1
POCT Innovator U.S. Equity Power Buffer ETF - October $5,937,614 0.48% 127,938 $223,817 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $5,823,779 0.47% 16,483 $1,240,741 Up ×1
MSFT Microsoft Corporation - Common Stock $5,811,605 0.47% 15,580 $-6,955 Down ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $5,640,686 0.45% 221,030 $-130,347 Down ×1
JPST JPMorgan Ultra-Short Income ETF $5,473,753 0.44% 108,241 $1,301,362 Up ×6
FLMI Franklin Templeton ETF Trust $5,446,933 0.44% 216,406 $1,662,857 Up ×3
PANW Palo Alto Networks, Inc. - Common Stock $5,376,997 0.43% 15,767 $2,845,481 Down ×3
DFAT Dimensional ETF Trust $5,325,505 0.43% 76,187 $1,342,145 Up ×4
IWP iShares Russell Midcap Growth ETF $5,264,111 0.42% 35,955 $326,595 Down ×1
AFL AFLAC Incorporated Common Stock $4,947,710 0.40% 42,198 $318,895 Up ×2
VONG Vanguard Russell 1000 Growth ETF $4,873,228 0.39% 38,129 $245,202 Down ×2
GLD SPDR Gold Shares $4,869,169 0.39% 13,218 $-807,986 Up ×6
FMAT FIDELITY COVINGTON TRUST $4,802,863 0.39% 82,086 $117,611 Up ×3
IUSV iShares Core S&P U.S. Value ETF $4,655,980 0.38% 42,269 $-2,372,847 Down ×4
VTI Vanguard Morningstar Total Stock Market ETF $4,620,518 0.37% 12,487 $725,488 Up ×1
DBEF DBX ETF Trust $4,602,156 0.37% 84,242 $1,941,036 Up ×1
XLI SELECT SECTOR SPDR TRUST $4,475,776 0.36% 24,163 $538,652 Down ×1
EPD Enterprise Products Partners L.P. Common Stock $4,256,774 0.34% 115,799 $151,915 Up ×6
VAW Vanguard Materials ETF $4,180,960 0.34% 18,274 $-146,057 Down ×4
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF $4,170,899 0.34% 27,031 $270,634 Up ×3
HSCZ iShares Trust $4,167,200 0.34% 96,957 $1,271,967 Up ×5
JNJ Johnson & Johnson Common Stock $4,117,272 0.33% 16,212 $94,237 Down ×5
FBCG Fidelity Blue Chip Growth ETF $4,083,450 0.33% 65,745 $1,654,471 Up ×6
VYMI Vanguard International High Dividend Yield ETF $4,067,592 0.33% 41,422 $-30,010 Down ×1
FVAL FIDELITY COVINGTON TRUST $3,903,947 0.31% 50,093 $3,053,194 Up ×6
MGC VANGUARD WORLD FUND $3,903,908 0.31% 14,267 $958,688 Up ×4
LLY Eli Lilly and Company Common Stock $3,896,370 0.31% 3,249 $967,232 Up ×1
ITA iShares U.S. Aerospace & Defense ETF $3,780,736 0.30% 15,596 $628,878 Up ×6
IWF iShares Russell 1000 Growth Fund $3,611,807 0.29% 29,088 $304,552 Up ×1
VDC Vanguard Consumer Staples ETF $3,551,753 0.29% 15,751 $65,103 Up ×4
FTEC FIDELITY COVINGTON TRUST $3,493,109 0.28% 12,232 $1,320,581 Up ×1
MU Micron Technology, Inc. - Common Stock $3,403,197 0.27% 2,948 $2,365,236 Down ×3
IVW iShares S&P 500 Growth ETF $3,360,666 0.27% 24,436 $506,265 Down ×1
SMMU PIMCO ETF Trust $3,283,056 0.26% 65,011 $503,009 Up ×5
VO Vanguard Morningstar Mid-Cap ETF $3,225,497 0.26% 40,033 $373,971 Up ×6
TSLA Tesla, Inc. - Common Stock $3,158,527 0.25% 7,510 $336,616 Down ×1
PRF Invesco Exchange-Traded Fund Trust $3,026,576 0.24% 56,017 $496,727 Up ×5
DTD WisdomTree Trust $2,976,256 0.24% 31,918 $205,746 Down ×2
IGHG ProShares Investment Grade-Interest Rate Hedged $2,936,709 0.24% 37,491 $-66,807 Down ×2
XLE SELECT SECTOR SPDR TRUST $2,896,434 0.23% 54,537 $-908,572 Down ×2
EVMO Eaton Vance Mortgage Opportunities ETF $2,868,723 0.23% 57,386 $558,888 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VUG $49,996,616 4.03% up ×3
VCSH $32,557,363 2.63% up ×6
FNDX $30,472,398 2.46% up ×6
JPIE $23,852,146 1.92% up ×5
ICVT $23,400,382 1.89% up ×5
AVUV $22,676,283 1.83% up ×6
SCHF $21,348,383 1.72% up ×6
VOO $20,725,479 1.67% up ×6
VYM $19,387,471 1.56% up ×6
IWY $19,110,196 1.54% up ×6
JPIB $17,638,758 1.42% up ×5
DFUS $17,157,811 1.38% up ×6
IEFA $17,036,172 1.37% up ×6
AVLV $16,135,076 1.30% up ×6
IOO $14,115,974 1.14% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
OXY $880,973 18,138 0.07%
Unknown issuer (CUSIP: 84615Q103) $675,059 3,951 0.05%
DFAC $600,694 13,541 0.05%
TAFI $594,259 23,563 0.05%
STX $482,939 500 0.04%
INTC $442,248 3,167 0.04%
AIRR $440,624 3,307 0.04%
SMH $337,458 515 0.03%
PSI $291,872 1,554 0.02%
FXL $271,526 1,250 0.02%
HAP $233,274 3,400 0.02%
WTAI $232,550 4,899 0.02%
SPSM $228,713 3,966 0.02%
CVS $225,047 2,175 0.02%
GWW $223,106 164 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VCSH Bought more +304K +$24.0M
QQQ Trimmed -647 +$9.3M
VUG Bought more +484K +$8.0M
SPTI Trimmed -233K -$6.7M
FNDX Bought more +98K +$5.9M
BIV Trimmed -75K -$5.9M
ICVT Bought more +12K +$5.1M
IHI Trimmed -89K -$4.9M
VGT Bought more +127K +$4.7M
GARP Bought more +18K +$4.0M

2 positions hidden — reported move looks larger than the position itself (data completeness check)

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
SPMB June 30, 2026 415,543 $9,303,997
IAGG Sept. 30, 2025 89,195 $4,556,983
SYLD June 30, 2025 68,970 $4,400,305
FLQM March 31, 2026 73,178 $4,117,022
APRW Sept. 30, 2025 92,235 $3,077,252
TAXF Sept. 30, 2025 58,680 $2,871,212
XOM June 30, 2026 11,629 $1,972,955 20.0%
PDEC Dec. 31, 2025 27,633 $1,161,139
MUB Sept. 30, 2025 8,146 $851,120
OXY March 31, 2026 15,605 $641,686 -10.3%
IHF Sept. 30, 2025 12,620 $613,969 13.5%
JMTG June 30, 2026 11,554 $589,274
APD March 31, 2026 2,224 $549,485 -3.8%
PJAN Dec. 31, 2025 10,741 $491,884
GEHC Dec. 31, 2025 6,388 $479,772 -19.8%
DJUL March 31, 2026 10,000 $475,700
FTSM March 31, 2026 6,842 $410,060
BSCP Dec. 31, 2025 17,281 $357,540 No longer tracked
SCHR June 30, 2026 14,141 $352,261 -3.5%
ICOW June 30, 2025 11,038 $346,693
SPHY March 31, 2026 14,417 $341,250
HMOP June 30, 2026 8,161 $316,171
ADBE March 31, 2026 901 $315,341 -1.8%
BSJP Dec. 31, 2025 13,467 $310,544 No longer tracked
PFN June 30, 2026 43,941 $302,750 -13.2%
PNOV March 31, 2026 7,189 $300,338
BX Dec. 31, 2025 1,666 $284,679 -27.6%
SLV June 30, 2026 3,882 $264,506 3.1%
BMY June 30, 2025 4,243 $258,806 27.0%
NOW March 31, 2026 1,643 $251,706 30.2%
SAIC Dec. 31, 2025 2,507 $249,121 26.1%
FLMI June 30, 2025 10,000 $244,400
TT March 31, 2026 609 $236,924 13.0%
DE June 30, 2026 420 $236,585 7.5%
BOTZ June 30, 2026 7,098 $235,781
ZBH June 30, 2025 2,071 $234,431 0.4%
SHOP March 31, 2026 1,455 $234,211 35.0%
INTU March 31, 2026 340 $225,204 -34.2%
MDYG March 31, 2026 2,434 $225,008 10.0%
FFA March 31, 2026 10,164 $223,820 8.4%
BNDX June 30, 2025 4,554 $222,334
ARKW Dec. 31, 2025 1,245 $217,446
FENY June 30, 2025 8,504 $217,277
BCD Dec. 31, 2025 6,321 $217,190
BLK Dec. 31, 2025 183 $213,897 -0.4%
DE Sept. 30, 2025 418 $212,315 49.2%
TIP Sept. 30, 2025 1,915 $210,698
CEG June 30, 2026 753 $210,412 7.8%
FXL March 31, 2026 1,250 $210,351
UPS Sept. 30, 2025 2,061 $208,067 11.5%
SYK March 31, 2026 592 $208,040 -13.2%
ZBH Dec. 31, 2025 2,072 $204,121 1.8%
RSPS June 30, 2025 6,600 $203,413 -2.5%
BSCT June 30, 2026 10,816 $201,831
F Sept. 30, 2025 17,798 $193,104 1.6%
ET Sept. 30, 2025 10,170 $184,383 No longer tracked
DNP June 30, 2026 15,001 $154,515 -12.1%
HLLY June 30, 2026 21,191 $65,056 -10.2%
UTFRT Dec. 31, 2025 32,252 $2,516 No longer tracked