Sector breakdown

04
Technology 5.1%
Communication Services 2.5%
Financials 2.1%
Industrials 2.1%
Health Care 2.0%
Retail 1.9%
Energy 0.6%
Utilities 0.5%
Consumer Discretionary 0.3%
Materials 0.3%
Consumer products 0.2%
Real Estate 0.2%
Consumer Staples 0.2%
Other/Unmapped 82.1%

Full portfolio 322 positions

05
Type Streak 8Q trend
JCPB JPMorgan Core Plus Bond ETF $90,913,150 6.64% 1,936,795 $6,098,821 Up ×6
AVDE AMERICAN CENTURY ETF TRUST $61,991,680 4.53% 694,974 $9,629,669 Up ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $61,782,587 4.51% 1,226,088 $8,672,362 Up ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $54,663,139 3.99% 459,393 $6,968,744 Down ×3
SPYV State Street SPDR Portfolio S&P 500 Value ETF $52,269,606 3.82% 859,839 $2,526,051 Down ×2
VTI Vanguard Morningstar Total Stock Market ETF $49,357,742 3.60% 133,385 $8,135,759 Up ×2
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $41,059,723 3.00% 1,227,129 $1,530,930 Up ×1
JMBS Janus Henderson Mortgage-Backed Securities ETF $33,256,573 2.43% 739,199 $1,066,783 Up ×1
BINC iShares Flexible Income Active ETF $33,012,607 2.41% 630,734 $1,988,556 Up ×6
SPEM State Street SPDR Portfolio Emerging Markets ETF $29,660,530 2.17% 572,818 $2,174,021 Down ×2
AVEM AMERICAN CENTURY ETF TRUST $26,491,274 1.93% 274,549 $5,962,023 Up ×1
VCRB Vanguard Core Bond ETF $25,815,851 1.88% 334,261 $1,001,076 Up ×4
JSCP JPMorgan Short Duration Core Plus ETF $21,025,371 1.53% 445,972 $2,732,632 Up ×5
VTV Vanguard Morningstar Value ETF $18,181,768 1.33% 83,429 $2,463,009 Up ×5
JMUB JPMorgan Municipal ETF $17,484,688 1.28% 345,172 $-85,847 Down ×2
DFAS Dimensional ETF Trust $16,258,452 1.19% 197,455 $6,772,447 Up ×1
JBND JPMorgan Active Bond ETF $15,541,385 1.13% 290,493 $-202,412 Down ×1
AAPL Apple Inc. - Common Stock $14,876,631 1.09% 51,412 $1,884,223 Up ×4
AVMC AMERICAN CENTURY ETF TRUST $14,512,941 1.06% 180,847 $2,560,004 Up ×1
VEA Vanguard FTSE Developed Markets ETF $13,278,319 0.97% 186,362 $149,356 Down ×2
VCRM Vanguard Core Tax-Exempt Bond ETF $13,221,096 0.97% 173,051 $274,329 Up ×1
NVDA NVIDIA Corporation - Common Stock $12,460,070 0.91% 62,272 $1,565,943 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $12,354,679 0.90% 34,571 $2,782,550 Up ×1
MSFT Microsoft Corporation - Common Stock $11,976,090 0.87% 32,106 $240,701 Up ×3
DFUS Dimensional ETF Trust $11,955,398 0.87% 145,904
SPY SPY $11,784,777 0.86% 15,781 $1,429,798 Down ×1
GARP iShares Trust $11,712,260 0.86% 141,881 $4,588,817 Up ×3
BSV VANGUARD BOND INDEX FUNDS $11,579,382 0.85% 148,625 $166,749 Up ×3
JPIB JPMorgan International Bond Opportunities ETF $11,233,137 0.82% 232,330 $708,884 Up ×5
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $11,105,297 0.81% 164,377 $1,072,204 Down ×3
AMZN Amazon.com, Inc. - Common Stock $10,121,731 0.74% 42,468 $2,134,762 Up ×3
NUBD Nushares ETF Trust $10,024,942 0.73% 452,900 $609,968 Up ×4
CGDV Capital Group Dividend Value ETF $9,992,242 0.73% 202,765 $4,010,820 Up ×3
VUG Vanguard Morningstar Growth ETF $9,926,231 0.72% 115,234 $1,695,492 Up ×1
DFAC Dimensional ETF Trust $9,545,871 0.70% 215,191 $1,294,712 Up ×2
VSDM Vanguard Short Duration Tax-Exempt Bond ETF $9,513,921 0.69% 124,154 $1,567,783 Up ×4
AVGO Broadcom Inc. - Common Stock $8,299,218 0.61% 21,970 $981,913 Down ×1
VXUS Vanguard Total International Stock ETF $8,205,987 0.60% 95,988 $830,156 Up ×6
DFCF Dimensional ETF Trust $7,262,766 0.53% 172,063 $126,319 Up ×4
VSDB Vanguard Short Duration Bond ETF $7,226,421 0.53% 94,661 $1,811,603 Up ×1
KLAC KLA Corporation - Common Stock $7,184,192 0.52% 23,812 $3,131,392 Up ×1
QUAL iShares Trust $6,595,691 0.48% 30,058 $-6,180,637 Down ×4
DFAX Dimensional ETF Trust $6,555,333 0.48% 177,941 $554,898 Up ×1
VEU Vanguard FTSE All World Ex US ETF $6,440,052 0.47% 76,896 $825,814 Up ×1
VWO Vanguard FTSE Emerging Markets ETF $6,287,559 0.46% 105,337 $245,468 Down ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $6,241,828 0.46% 75,521 $135,759 Up ×4
BNDX Vanguard Total International Bond ETF $6,151,163 0.45% 127,011 $179,381 Up ×1
IQDG WisdomTree Trust $6,129,809 0.45% 142,289 $-11,204,051 Down ×4
DGRW WisdomTree U.S. Quality Dividend Growth Fund $6,124,086 0.45% 64,046 $-6,671,486 Down ×1
ISTB iShares Core 1-5 Year USD Bond ETF $5,978,036 0.44% 123,897 $-905,078 Down ×2
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF $5,976,341 0.44% 125,264 $253,233 Down ×1
WMT Walmart Inc. - Common Stock $5,821,536 0.42% 51,400 $-711,448 Down ×1
SCMB SCHWAB STRATEGIC TRUST $5,811,900 0.42% 225,093 $-1,127,719 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $5,756,582 0.42% 10,220 $-376,854 Down ×1
SCHF SCHWAB STRATEGIC TRUST $5,583,335 0.41% 201,564 $588,210 Down ×2
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF $5,487,783 0.40% 60,445 $191,855 Down ×1
HYMB SPDR SERIES TRUST $5,323,422 0.39% 209,254 $266,752 Up ×1
VBR Vanguard Morningstar Small-Cap Value ETF $5,281,569 0.39% 21,736 $530,132 Down ×1
JNJ Johnson & Johnson Common Stock $5,064,762 0.37% 19,942 $137,722 Down ×4
MA Mastercard Incorporated Common Stock $4,281,103 0.31% 8,335 $283,212 Up ×2
JPM JP Morgan Chase & Co. Common Stock $4,236,125 0.31% 12,941 $472,374 Up ×2
MUB iShares Trust $4,224,946 0.31% 39,258 $-310,631 Down ×5
DUK Duke Energy Corporation (Holding Company) Common Stock $4,139,824 0.30% 32,705 $314,189 Up ×4
TJX TJX Companies, Inc. (The) Common Stock $4,136,306 0.30% 27,302 $-171,134 Up ×2
DFAI Dimensional ETF Trust $4,044,093 0.30% 98,039 $-268,234 Down ×2
LLY Eli Lilly and Company Common Stock $3,971,100 0.29% 3,311 $927,665 Up ×2
SPHY State Street SPDR Portfolio High Yield Bond ETF $3,969,800 0.29% 169,360 $145,657 Up ×6
CAT Caterpillar, Inc. Common Stock $3,899,309 0.28% 3,662 $629,832 Down ×5
CVX Chevron Corporation Common Stock $3,894,805 0.28% 23,497 $-1,230,636 Down ×3
ANET Arista Networks, Inc. Common Stock $3,798,279 0.28% 22,359 $687,611 Down ×4
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $3,790,877 0.28% 126,320 $-90,063 Down ×2
VYM Vanguard High Dividend Yield ETF $3,630,982 0.27% 22,977 $384,999 Up ×6
GLW Corning Incorporated Common Stock $3,595,880 0.26% 14,078 $516,123 Down ×1
USMV iShares MSCI USA Min Vol Factor ETF $3,580,611 0.26% 37,120 $132,708 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $3,558,039 0.26% 27,689 $148,625 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $3,512,094 0.26% 29,900 $158,076 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $3,464,401 0.25% 4,540 $1,403,557 Down ×6
MCK McKesson Corporation Common Stock $3,415,485 0.25% 4,520 $-270,908 Up ×2
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $3,356,732 0.25% 134,323 $149,640 Up ×5
HD Home Depot, Inc. (The) Common Stock $3,339,957 0.24% 9,470 $199,888 Down ×3
BK The Bank of New York Mellon Corporation Common Stock $3,290,643 0.24% 22,755 $771,789 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $3,249,778 0.24% 25,722 $-297,227 Up ×1
BND Vanguard Total Bond Market ETF $3,227,531 0.24% 43,966 $806,512 Up ×3
SUSA iShares ESG Optimized MSCI USA ETF $3,208,337 0.23% 20,793 $417,348 Down ×4
PG Procter & Gamble Company (The) Common Stock $3,186,656 0.23% 21,731 $-274,539 Down ×3
ESGV VANGUARD WORLD FUND $3,072,991 0.22% 23,238 $249,177 Down ×1
ENB Enbridge Inc Common Stock $3,071,866 0.22% 56,666 $-470,735 Down ×3
AGG iShares Trust $3,060,873 0.22% 30,924 $34,324 Up ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $3,049,618 0.22% 119,499 $34,536 Up ×6
STIP iShares 0-5 Year TIPS Bond ETF $3,025,796 0.22% 29,618 $407,729 Up ×5
IVV iShares Trust $3,010,936 0.22% 4,021 $384,766 Up ×2
IWF iShares Russell 1000 Growth Fund $3,003,424 0.22% 24,188 $341,835 Up ×1
LDRC iShares Trust $2,994,119 0.22% 118,885 $54,510 Up ×3
MDT Medtronic plc. Ordinary Shares $2,959,027 0.22% 37,825 $336,920 Up ×2
BLK BlackRock, Inc. Common Stock $2,954,796 0.22% 3,073 $40,891 Up ×2
ESGU iShares ESG Aware MSCI USA ETF $2,948,842 0.22% 18,017 $408,656 Up ×1
MCD McDonald's Corporation Common Stock $2,945,494 0.22% 10,897 $-491,442 Down ×2
DFAE Dimensional ETF Trust $2,869,033 0.21% 71,351 $28,653 Down ×2
BALT Innovator Defined Wealth Shield ETF $2,840,503 0.21% 82,886 $168,925 Up ×5
BX Blackstone Inc. Common Stock $2,813,299 0.21% 23,908 $485,933 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
JCPB $90,913,150 6.64% up ×6
BINC $33,012,607 2.41% up ×6
VCRB $25,815,851 1.88% up ×4
JSCP $21,025,371 1.53% up ×5
VTV $18,181,768 1.33% up ×5
AAPL $14,876,631 1.09% up ×4
MSFT $11,976,090 0.87% up ×3
GARP $11,712,260 0.86% up ×3
BSV $11,579,382 0.85% up ×3
JPIB $11,233,137 0.82% up ×5
AMZN $10,121,731 0.74% up ×3
NUBD $10,024,942 0.73% up ×4
CGDV $9,992,242 0.73% up ×3
VSDM $9,513,921 0.69% up ×4
VXUS $8,205,987 0.60% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DFUS $11,955,398 145,904 0.87%
ETN $929,163 2,181 0.07%
PLTR $314,164 2,693 0.02%
MS $242,068 1,158 0.02%
CINF $226,241 1,222 0.02%
AEP $222,453 1,626 0.02%
MMM $221,251 1,367 0.02%
MU $215,852 187 0.02%
IWP $208,781 1,426 0.02%
IUSG $208,592 1,109 0.02%
EWX $204,031 2,746 0.01%
REFR $7,462 14,350 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IQDG Trimmed -290K -$11.2M
AVDE Bought more +78K +$9.6M
SPDW Bought more +63K +$8.7M
VTI Bought more +5K +$8.1M
SPYG Trimmed -28K +$7.0M
DFAS Bought more +64K +$6.8M
DGRW Trimmed -82K -$6.7M
QUAL Trimmed -37K -$6.2M
JCPB Bought more +135K +$6.1M
AVEM Bought more +20K +$6.0M

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
SNY June 30, 2026 54,331 $2,617,681 -7.4%
SWKS Dec. 31, 2025 32,558 $2,506,292 32.3%
ADBE Dec. 31, 2025 5,414 $1,909,789 -31.8%
CTSH June 30, 2026 29,512 $1,810,574 51.5%
CMCSA Dec. 31, 2025 55,965 $1,758,434 -23.0%
IBDQ Dec. 31, 2025 52,947 $1,333,725
CRL June 30, 2025 7,476 $1,125,288 104.8%
SKX June 30, 2025 19,015 $1,079,672 No longer tracked
BRKR June 30, 2025 22,014 $918,864 55.0%
BSMW June 30, 2025 32,463 $798,590
VPLS June 30, 2025 10,280 $797,317
BSMY June 30, 2025 31,215 $750,434
BSSX June 30, 2025 29,114 $737,166
BSMP Dec. 31, 2025 27,496 $674,339 No longer tracked
CBOY Dec. 31, 2025 24,370 $619,851
TDSC Sept. 30, 2025 25,212 $610,138
TDSB Sept. 30, 2025 24,091 $536,570
DUHP March 31, 2026 12,600 $479,178
KR June 30, 2025 6,263 $423,942 -18.1%
HON June 30, 2026 1,754 $396,457 -4.4%
DIHP March 31, 2026 12,078 $382,450
CBTY Dec. 31, 2025 14,632 $378,366
XLP Dec. 31, 2025 4,175 $327,198 No longer tracked
DFUS March 31, 2026 4,064 $301,418
BSCP Dec. 31, 2025 14,178 $293,343 No longer tracked
JPHY Sept. 30, 2025 5,784 $269,773
IWP March 31, 2026 1,930 $264,294 10.9%
SCHW Dec. 31, 2025 2,758 $263,285 -2.0%
ARKB Sept. 30, 2025 6,858 $245,448 -25.3%
TAXF June 30, 2025 4,869 $240,918
VTES June 30, 2026 2,280 $230,561
IBM June 30, 2025 916 $227,773 -24.8%
BKNG June 30, 2026 54 $227,357 -11.2%
DECU Sept. 30, 2025 8,666 $220,719
OKE Sept. 30, 2025 2,662 $217,299 21.4%
SPGI March 31, 2026 413 $215,830 -8.1%
SHYM June 30, 2025 9,298 $210,786
LMT June 30, 2026 345 $208,515 -0.6%
IUSV June 30, 2025 2,250 $207,638
IBDX Dec. 31, 2025 8,103 $207,599
IBTG March 31, 2026 9,058 $207,202
DHR March 31, 2026 902 $206,486 16.7%
MSTR Sept. 30, 2025 510 $206,157 -49.0%
BSMU June 30, 2026 9,365 $204,282
LOW March 31, 2026 843 $203,298 -24.0%
SPGI Sept. 30, 2025 384 $202,479 -19.7%
VIOO March 31, 2026 1,817 $201,667 12.7%