Sector breakdown

04
Financials 13.0%
Technology 10.8%
Industrials 9.4%
Healthcare 6.8%
Communication Services 6.1%
Retail 3.5%
Consumer Staples 2.6%
Consumer Discretionary 1.6%
Consumer products 1.4%
Utilities 1.4%
Materials 1.2%
Energy 0.5%
Other/Unmapped 41.8%

Full portfolio 111 positions

05
Type Streak 8Q trend
XLK SELECT SECTOR SPDR TRUST $51,021,252 9.43% 267,800 $14,724,797 Down ×1
IVV iShares Core S&P 500 ETF $40,988,994 7.57% 54,733 $5,345,934 Up ×1
AGG iShares Trust $23,825,184 4.40% 240,707 $575,952 Up ×4
CHMG Chemung Financial Corp - Common Stock $21,238,594 3.92% 284,776 $5,837,893 Down ×4
MSFT Microsoft Corporation - Common Stock $18,542,082 3.43% 49,708 $25,055 Down ×2
JNJ Johnson & Johnson Common Stock $18,529,401 3.42% 72,959 $220,105 Down ×4
GLW Corning Incorporated Common Stock $17,321,219 3.20% 67,812 $6,617,385 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $17,285,613 3.19% 48,922 $1,333,896 Down ×1
AAPL Apple Inc. - Common Stock $16,219,494 3.00% 56,053 $2,029,589 Up ×3
RSP Invesco Exchange-Traded Fund Trust $13,631,751 2.52% 64,068 $2,010,223 Up ×3
QQQ Invesco QQQ Trust, Series 1 $11,644,694 2.15% 15,813 $2,392,499 Down ×2
AMZN Amazon.com, Inc. - Common Stock $11,149,790 2.06% 46,781 $278,085 Down ×4
JPM JP Morgan Chase & Co. Common Stock $10,008,771 1.85% 30,577 $979,236 Down ×6
TRV The Travelers Companies, Inc. Common Stock $9,434,168 1.74% 28,578 $726,646 Down ×4
MRK Merck & Company, Inc. Common Stock (new) $8,949,949 1.65% 69,649 $157,713 Down ×3
XLE SELECT SECTOR SPDR TRUST $8,917,596 1.65% 167,908 $-2,179,228 Down ×2
EMR Emerson Electric Company Common Stock $8,834,654 1.63% 61,716 $889,989 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $8,568,183 1.58% 17,123 $-119,715 Down ×4
XLV SELECT SECTOR SPDR TRUST $7,900,480 1.46% 49,795 $2,734,089 Up ×2
XLF SELECT SECTOR SPDR TRUST $7,825,025 1.45% 145,962 $2,408,789 Up ×1
RTX RTX Corporation Common Stock $7,584,273 1.40% 39,974 $-93,548 Up ×1
KO Coca-Cola Company (The) Common Stock $7,409,067 1.37% 91,166 $361,813 Down ×1
PG Procter & Gamble Company (The) Common Stock $7,053,242 1.30% 48,099 $-514,690 Down ×3
XLC SELECT SECTOR SPDR TRUST $6,740,404 1.25% 62,918 $2,384,376 Up ×1
ECL Ecolab Inc. Common Stock $6,291,296 1.16% 22,581 $300,787 Up ×3
XLY XLY $6,251,016 1.16% 53,300 $2,567,057 Up ×1
NVDA NVIDIA Corporation - Common Stock $6,241,610 1.15% 31,194 $29,483 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $6,150,641 1.14% 18,036 $2,050,617 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $6,083,528 1.12% 10,800 $-333,491 Down ×2
AXP American Express Company Common Stock $6,042,177 1.12% 17,863 $412,422 Down ×4
CSCO Cisco Systems, Inc. - Common Stock $5,995,861 1.11% 51,046 $1,027,141 Down ×1
PEP PepsiCo, Inc. - Common Stock $5,958,956 1.10% 44,010 $-1,021,956 Down ×1
XLP XLP $5,495,079 1.02% 66,150 $192,934 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $4,297,706 0.79% 74,587 $6,346 Up ×2
ADI Analog Devices, Inc. - Common Stock $4,174,661 0.77% 10,511 $-298,706 Down ×2
WM Waste Management, Inc. Common Stock $4,128,403 0.76% 18,523 Up ×1
SPMD SPDR SERIES TRUST $4,120,754 0.76% 60,994 $508,690
XLB XLB $4,071,027 0.75% 80,091 $202,892 Up ×4
IWM iShares Trust $4,053,670 0.75% 13,492 $428,902 Down ×4
MCD McDonald's Corporation Common Stock $3,878,411 0.72% 14,348 $-3,564,078 Down ×5
FTNY Franklin New York Municipal Income ETF $3,827,359 0.71% 480,221 $254,460 Up ×2
USB U.S. Bancorp Common Stock $3,660,724 0.68% 60,608 $-37,556 Down ×1
XLI SELECT SECTOR SPDR TRUST $3,599,944 0.67% 19,435 $332,512 Down ×1
BAC Bank of America Corporation Common Stock $3,591,625 0.66% 63,033 $183,932 Down ×2
WMT Walmart Inc. - Common Stock $3,562,031 0.66% 31,450 $-1,010,724 Down ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $3,449,812 0.64% 27,254 $36,071 Up ×1
V Visa Inc. $3,295,041 0.61% 9,604 $409,560 Up ×1
IWD iShares Trust $3,148,439 0.58% 12,987 $399,146 Up ×1
SMH SMH $3,146,302 0.58% 4,797 $686,408 Down ×1
JCI Johnson Controls International plc Ordinary Share $3,068,603 0.57% 21,002 $275,569 Down ×6
UNP Union Pacific Corporation Common Stock $2,943,040 0.54% 10,820 $439,688 Up ×1
HD Home Depot, Inc. (The) Common Stock $2,932,882 0.54% 8,316 $59,370 Down ×1
AVGO Broadcom Inc. - Common Stock $2,889,046 0.53% 7,648 $286,372 Down ×1
IWO iShares Trust $2,875,515 0.53% 7,299 $578,112 Down ×1
SO Southern Company (The) Common Stock $2,867,763 0.53% 29,963 $36,925 Up ×3
ETN Eaton Corporation, PLC Ordinary Shares $2,500,471 0.46% 5,868 $618,059 Up ×1
EFA iShares Trust $2,242,769 0.41% 21,590 $260,635 Up ×6
AMGN Amgen Inc. - Common Stock $2,202,780 0.41% 6,083 $124,046 Up ×1
AMAT Applied Materials, Inc. - Common Stock $2,182,014 0.40% 3,018 $444,012 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $2,029,146 0.37% 5,678 $350,659 Down ×6
MS Morgan Stanley Common Stock $2,025,807 0.37% 9,691 $311,809 Down ×3
ACWX iShares MSCI ACWI ex U.S. ETF $1,784,323 0.33% 23,444 $-108,872 Down ×1
CNI Canadian National Railway Company Common Stock $1,755,927 0.32% 14,726 $153,330 Down ×1
XLU XLU $1,673,409 0.31% 36,908 $-61,046 Down ×2
XLRE XLRE $1,509,083 0.28% 34,274 $136,419 Up ×1
Unknown issuer (CUSIP: 438516205) $1,475,059 0.27% 6,604 Up ×1
Unknown issuer (CUSIP: 43849R105) $1,456,477 0.27% 6,604 Up ×1
SBUX Starbucks Corporation - Common Stock $1,424,324 0.26% 13,938 $204,645 Up ×3
XOM Exxon Mobil Corporation Common Stock $1,302,122 0.24% 9,524 $-559,559 Down ×6
CVX Chevron Corporation Common Stock $1,162,972 0.21% 7,016 $-1,415,833 Down ×1
GD General Dynamics Corporation Common Stock $1,076,179 0.20% 3,038 $-1,086,454 Down ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $981,031 0.18% 970 $-47,694 Down ×6
TXN Texas Instruments Incorporated - Common Stock $959,785 0.18% 3,220 $292,527 Down ×1
IWN iShares Trust $938,331 0.17% 4,242 $99,963 Down ×1
XSD SPDR SERIES TRUST $931,184 0.17% 1,493 $346,126 Down ×2
SPY SPY $930,475 0.17% 1,246 $218,352 Up ×1
ABT Abbott Laboratories Common Stock $921,555 0.17% 10,156 $-137,180 Down ×1
VGT Vanguard Information Tech ETF $912,177 0.17% 7,632 $246,552 Up ×1
DIS Walt Disney Company (The) Common Stock $862,595 0.16% 8,962 $-2,888,033 Down ×1
VZ Verizon Communications Inc. Common Stock $841,717 0.16% 19,880 $-137,282 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $744,627 0.14% 4,915 $-40,299
D Dominion Energy, Inc. Common Stock $704,685 0.13% 10,319 $57,799 Down ×2
RY Royal Bank Of Canada Common Stock $677,826 0.13% 3,275 $138,614 Down ×1
CL Colgate-Palmolive Company Common Stock $665,871 0.12% 7,263 $-666,531 Down ×1
MDT Medtronic plc. Ordinary Shares $650,404 0.12% 8,314 $-3,765,028 Down ×2
IDV iShares International Select Dividend ETF $641,378 0.12% 15,481 $-72,268 Down ×1
ADBE Adobe Inc. - Common Stock $552,120 0.10% 2,693 $-76,727 Up ×1
LMT Lockheed Martin Corporation Common Stock $496,725 0.09% 975 $-1,340,019 Down ×1
PFE Pfizer, Inc. Common Stock $463,829 0.09% 19,262 $-108,218 Down ×6
NEE NextEra Energy, Inc. Common Stock $452,893 0.08% 5,160 $-26,370
BLK BlackRock, Inc. Common Stock $449,049 0.08% 467 $-70,276 Down ×2
PM Philip Morris International Inc Common Stock $422,787 0.08% 2,337 $36,387
PAYX Paychex, Inc. - Common Stock $414,363 0.08% 4,214 $-38,407 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $412,196 0.08% 4,476 $-66,340 Down ×2
IBM International Business Machines Corporation Common Stock $362,480 0.07% 1,289 $50,040
BK The Bank of New York Mellon Corporation Common Stock $360,513 0.07% 2,493 $52,788 Down ×2
MAR Marriott International - Class A Common Stock $344,279 0.06% 929 $33,234 Down ×1
VYM Vanguard High Dividend Yield ETF $343,241 0.06% 2,172 $21,568
SDY SPDR SERIES TRUST $332,361 0.06% 2,184 $13,628
IJK iShares Trust $324,418 0.06% 2,761 $45,499 Down ×3

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AGG $23,825,184 4.40% up ×4
AAPL $16,219,494 3.00% up ×3
RSP $13,631,751 2.52% up ×3
ECL $6,291,296 1.16% up ×3
XLB $4,071,027 0.75% up ×4
SO $2,867,763 0.53% up ×3
EFA $2,242,769 0.41% up ×6
SBUX $1,424,324 0.26% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
WM $4,128,403 18,523 0.76%
Unknown issuer (CUSIP: 438516205) $1,475,059 6,604 0.27%
Unknown issuer (CUSIP: 43849R105) $1,456,477 6,604 0.27%
GE $263,105 704 0.05%
VIS $222,715 618 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XLK Trimmed -5K +$14.7M
GLW Trimmed -11K +$6.6M
CHMG Trimmed -1K +$5.8M
IVV Bought more +167 +$5.3M
MCD Trimmed -10K -$3.6M
DIS Trimmed -30K -$2.9M
XLV Bought more +15K +$2.7M
XLY Bought more +19K +$2.6M
XLF Bought more +36K +$2.4M
QQQ Trimmed -217 +$2.4M

1 position 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
PHYS Dec. 31, 2025 277,740 $8,226,660
HON June 30, 2026 13,677 $3,091,415 -2.1%
SMH June 30, 2025 14,391 $3,043,261 103.6%
IYK June 30, 2025 35,011 $2,505,734 8.9%
UNH June 30, 2025 4,692 $2,457,442 30.5%
KRE June 30, 2025 40,278 $2,289,806
ICE June 30, 2026 13,995 $2,201,133 26.7%
GE June 30, 2025 3,831 $766,775 17.0%
TFC June 30, 2026 11,662 $536,103 -2.8%
KVUE Dec. 31, 2025 26,838 $435,581 12.1%
ADP March 31, 2026 1,611 $414,397 40.1%
NVO Dec. 31, 2025 5,540 $307,415 -24.7%
GEV June 30, 2025 956 $291,847 65.9%
TMO June 30, 2025 564 $280,645 73.7%
BKNG March 31, 2026 52 $278,477 -10.2%
CRM June 30, 2026 1,343 $250,698 47.7%
IJT March 31, 2026 1,664 $234,891
COST June 30, 2026 229 $228,181 5.6%
OTIS Dec. 31, 2025 2,470 $225,834 -16.6%
SYK June 30, 2026 663 $217,857 -3.4%
GE March 31, 2026 704 $216,853 6.1%
ITW Dec. 31, 2025 813 $211,998 12.1%
NOW Dec. 31, 2025 229 $210,744 -2.0%
ROK Sept. 30, 2025 633 $210,263 27.0%