Sector breakdown

04
Technology 8.4%
Industrials 3.7%
Financials 2.8%
Retail 2.7%
Consumer Discretionary 2.5%
Communication Services 1.6%
Health Care 1.3%
Energy 0.5%
Utilities 0.2%
Materials 0.1%
Consumer Staples 0.1%
Other/Unmapped 76.3%

Full portfolio 88 positions

05
Type Streak 8Q trend
SPY SPY $21,160,600 9.02% 32,099 $-1,411,413 Down ×2
MGK VANGUARD WORLD FUND $20,472,379 8.73% 54,724 $-1,927,610 Up ×1
XLK SELECT SECTOR SPDR TRUST $10,614,647 4.53% 77,237 $39,121 Up ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $9,107,319 3.88% 117,377 $-519,605 Down ×2
IJH iShares Trust $9,091,206 3.88% 132,622 $-331,416 Down ×1
JQUA J.P. Morgan Exchange-Traded Fund Trust $8,370,731 3.57% 134,903 $-342,828 Down ×3
VUG VANGUARD INDEX FUNDS $7,581,925 3.23% 17,041 $-595,049 Up ×1
COWZ Pacer Funds Trust $6,973,477 2.97% 111,862 $-73,702 Down ×1
AAPL Apple Inc. - Common Stock $6,935,754 2.96% 27,360 $-610,809 Down ×4
BND Vanguard Total Bond Market ETF $5,834,941 2.49% 79,301 $-81,182 Down ×1
IVE iShares Trust $5,131,022 2.19% 24,196 $-192,626 Down ×1
XLF SELECT SECTOR SPDR TRUST $4,955,840 2.11% 99,355 $689,390 Up ×4
SPYV SPDR SERIES TRUST $4,762,778 2.03% 83,881 $-246,089 Down ×1
CALF Pacer Funds Trust $4,673,714 1.99% 102,832 $-167,732 Down ×1
IEFA iShares Trust $3,992,226 1.70% 43,512 Up ×1
XLI SELECT SECTOR SPDR TRUST $3,639,131 1.55% 22,152 $35,503 Up ×3
NVDA NVIDIA Corporation - Common Stock $3,233,724 1.38% 18,157 $-248,130 Down ×4
SPSM SPDR SERIES TRUST $3,159,130 1.35% 64,197 $-54,214 Down ×2
VTI VANGUARD INDEX FUNDS $2,998,187 1.28% 9,213 $-101,017 Up ×2
XLC SELECT SECTOR SPDR TRUST $2,720,273 1.16% 24,327 $20,669 Up ×3
LQD iShares Trust $2,697,933 1.15% 24,736 $5,565 Up ×5
TLH iShares Trust $2,681,196 1.14% 26,660 $-9,045 Up ×5
IEMG iShares, Inc. $2,616,135 1.12% 37,198 Up ×1
MSFT Microsoft Corporation - Common Stock $2,563,272 1.09% 6,885 $-279,175 Up ×5
XLE SELECT SECTOR SPDR TRUST $2,529,187 1.08% 42,041 $625,217 Up ×4
MDYG SPDR SERIES TRUST $2,503,954 1.07% 25,650 $-55,489 Down ×1
XME SPDR SERIES TRUST $2,499,048 1.07% 22,760 $-193,037 Up ×1
SLYG SPDR SERIES TRUST $2,484,323 1.06% 25,071 $-24,211 Down ×1
MTUM iShares Trust $2,443,193 1.04% 9,801 $-2,724,552 Down ×1
XAR SPDR SERIES TRUST $2,421,728 1.03% 9,312 $-135,357 Up ×1
GLD SPDR Gold Shares $2,402,591 1.02% 5,564 $26,284 Down ×5
IXN iShares Trust $2,208,534 0.94% 21,440 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $2,190,722 0.93% 14,598 $-750,486 Down ×1
XLB XLB $2,159,750 0.92% 43,126 $180,581 Up ×4
XLU XLU $2,121,665 0.90% 45,854 $277,444 Up ×2
IYT iShares Trust $2,052,995 0.88% 27,210 $87,968 Up ×2
NET Cloudflare, Inc. Class A Common Stock $1,984,677 0.85% 9,176 $336,673 Up ×4
GOOGL Alphabet Inc. - Class A Common Stock $1,943,947 0.83% 6,364 $-250,945 Down ×3
XLY XLY $1,918,818 0.82% 17,805 $-121,921 Up ×3
TSLA Tesla, Inc. - Common Stock $1,897,562 0.81% 5,474 $-367,059 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,887,803 0.80% 8,831 $41,617 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,861,074 0.79% 8,401 $114,527 Up ×1
PWR Quanta Services, Inc. Common Stock $1,814,492 0.77% 3,266 $-32,492 Down ×2
COST Costco Wholesale Corporation - Common Stock $1,756,906 0.75% 1,734 $37,884 Down ×1
XLV SELECT SECTOR SPDR TRUST $1,752,134 0.75% 11,954 $-51,356 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $1,693,985 0.72% 10,750 $18,492 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,692,372 0.72% 2,943 $-200,267 Down ×1
C Citigroup, Inc. Common Stock $1,687,258 0.72% 14,405 Up ×1
SMH SMH $1,678,780 0.72% 4,198 $-134,787 Down ×2
NDAQ Nasdaq, Inc. - Common Stock $1,636,070 0.70% 18,936 $-102,317 Up ×5
HOOD Robinhood Markets, Inc. - Class A Common Stock $1,589,483 0.68% 22,821 $-437,763 Up ×2
ABBV AbbVie Inc. Common Stock $1,585,829 0.68% 7,684 Up ×1
GD General Dynamics Corporation Common Stock $1,536,576 0.66% 4,410 Up ×1
NLR VanEck ETF Trust $1,527,090 0.65% 11,627 $-193,693 Down ×1
CAT Caterpillar, Inc. Common Stock $1,502,379 0.64% 2,074 $221,140 Up ×1
TXRH Texas Roadhouse, Inc. - Common Stock $1,484,083 0.63% 9,279 Up ×1
CARR Carrier Global Corporation Common Stock $1,483,907 0.63% 26,766
LMT Lockheed Martin Corporation Common Stock $1,362,141 0.58% 2,170 $151,014 Up ×1
IQQQ ProShares Nasdaq-100 High Income ETF $980,178 0.42% 23,194 $89,259 Up ×2
TDIV First Trust NASDAQ Technology Dividend Index Fund $971,097 0.41% 10,235 $63,809 Up ×2
DGRO iShares Trust $806,352 0.34% 11,428 $19,990 Up ×3
REGL ProShares Trust $764,266 0.33% 8,718 $35,638 Up ×3
MAR Marriott International - Class A Common Stock $686,680 0.29% 2,075 $73,056 Up ×3
V Visa Inc. $570,912 0.24% 1,887
EMR Emerson Electric Company Common Stock $552,832 0.24% 4,106 $36,948 Up ×1
JPM JP Morgan Chase & Co. Common Stock $545,212 0.23% 1,833 $85,620 Up ×2
NEE NextEra Energy, Inc. Common Stock $522,108 0.22% 5,574 Up ×1
CASY Caseys General Stores, Inc. - Common Stock $468,830 0.20% 632 $80,053 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $462,826 0.20% 1,504 $110,530 Up ×1
OKE ONEOK, Inc. Common Stock $459,222 0.20% 5,067
AVGO Broadcom Inc. - Common Stock $455,869 0.19% 1,365 $61,543 Up ×2
CAH Cardinal Health, Inc. Common Stock $446,179 0.19% 2,097 $67,354 Up ×2
WMT Walmart Inc. - Common Stock $440,964 0.19% 3,600 $58,099 Up ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $439,852 0.19% 509 $48,643 Up ×2
FXL First Trust Exchange-Traded AlphaDEX Fund $434,260 0.19% 2,641 $-3,253 Up ×1
HCA HCA Healthcare, Inc. Common Stock $415,653 0.18% 849 $46,097 Up ×3
ORCL Oracle Corporation Common Stock $407,891 0.17% 2,849 $26,979 Up ×2
CVX Chevron Corporation Common Stock $303,318 0.13% 1,505 $56,694
GWW W.W. Grainger, Inc. Common Stock $265,956 0.11% 240 $15,900
VGT VANGUARD WORLD FUND $258,968 0.11% 360 $-16,479
XOM Exxon Mobil Corporation Common Stock $251,610 0.11% 1,535 $8,750 Down ×1
GRC Gorman-Rupp Company (The) Common Stock $243,907 0.10% 3,823 Up ×1
CCJ Cameco Corporation Common Stock $235,121 0.10% 2,133
NTR Nutrien Ltd. Common Shares $232,101 0.10% 3,019 Up ×1
PSI Invesco Exchange-Traded Fund Trust $223,943 0.10% 2,250 $22,208
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $217,538 0.09% 8,284 $-4,473
ADM Archer-Daniels-Midland Company Common Stock $200,649 0.09% 2,781 Up ×1
HUMA Humacyte, Inc. - Common Stock $24,258 0.01% 39,971 $-20,110

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
XLF $4,955,840 2.11% up ×4
XLI $3,639,131 1.55% up ×3
XLC $2,720,273 1.16% up ×3
LQD $2,697,933 1.15% up ×5
TLH $2,681,196 1.14% up ×5
MSFT $2,563,272 1.09% up ×5
XLE $2,529,187 1.08% up ×4
XLB $2,159,750 0.92% up ×4
NET $1,984,677 0.85% up ×4
XLY $1,918,818 0.82% up ×3
NDAQ $1,636,070 0.70% up ×5
DGRO $806,352 0.34% up ×3
REGL $764,266 0.33% up ×3
MAR $686,680 0.29% up ×3
WMT $440,964 0.19% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IEFA $3,992,226 43,512 1.70%
IEMG $2,616,135 37,198 1.12%
IXN $2,208,534 21,440 0.94%
C $1,687,258 14,405 0.72%
ABBV $1,585,829 7,684 0.68%
GD $1,536,576 4,410 0.66%
TXRH $1,484,083 9,279 0.63%
CARR $1,483,907 26,766 0.63%
V $570,912 1,887 0.24%
NEE $522,108 5,574 0.22%
OKE $459,222 5,067 0.20%
GRC $243,907 3,823 0.10%
CCJ $235,121 2,133 0.10%
NTR $232,101 3,019 0.10%
ADM $200,649 2,781 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MTUM Trimmed -10K -$2.7M
MGK Bought more +635 -$1.9M
SPY Trimmed -436 -$1.4M
PLTR Trimmed -2K -$750K
XLF Bought more +21K +$689K
XLE Bought more +2K +$625K
AAPL Trimmed -2K -$611K
VUG Bought more +395 -$595K
SPYM Trimmed -571 -$520K
HOOD Bought more +6K -$438K

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
FLOT Sept. 30, 2025 183,834 $9,353,474
ACWI March 31, 2026 17,494 $2,534,706
EFA March 31, 2026 25,548 $2,525,197
EEM March 31, 2026 38,316 $2,203,571
HDV June 30, 2025 15,290 $1,723,336 20.7%
QTUM March 31, 2026 14,428 $1,692,693
UBER March 31, 2026 19,268 $1,645,680 -5.3%
SOFI March 31, 2026 59,279 $1,608,832 -0.7%
PANW March 31, 2026 8,406 $1,604,285 151.5%
CEG March 31, 2026 4,551 $1,517,895 -7.8%
CARR Sept. 30, 2025 18,475 $1,383,778 -7.7%
XHB June 30, 2025 14,413 $1,347,904 -1.9%
IBB June 30, 2025 10,831 $1,284,882 62.3%
AJG Sept. 30, 2025 3,971 $1,245,863 -27.0%
LLY June 30, 2025 1,192 $898,422 46.6%
IGV June 30, 2025 9,639 $862,594 -3.2%
IBM March 31, 2026 1,349 $409,034 -8.1%
DVY June 30, 2025 3,236 $406,959
SYF March 31, 2026 4,486 $350,177 5.5%
TSCO June 30, 2025 6,654 $341,857 -41.1%
WM Dec. 31, 2025 1,302 $286,128 -6.9%
TRGP Dec. 31, 2025 1,713 $278,020 52.7%
SYK Dec. 31, 2025 743 $275,282 -21.6%
ARCC Sept. 30, 2025 11,880 $266,350 -7.6%
DOV Sept. 30, 2025 1,409 $265,498 13.7%
KMI Dec. 31, 2025 9,300 $264,678 13.0%
TMUS Sept. 30, 2025 1,108 $261,455 -31.6%
OKLO March 31, 2026 2,690 $261,172 -27.7%
RSP Sept. 30, 2025 1,412 $260,034 11.3%
D June 30, 2025 4,927 $257,436 8.5%
MWA June 30, 2025 10,109 $251,209 -9.9%
CCJ Sept. 30, 2025 3,424 $246,323 1.6%
FPX Dec. 31, 2025 1,474 $244,257
OKE June 30, 2025 2,809 $237,357 7.7%
HES Sept. 30, 2025 1,551 $233,007 No longer tracked
DFAC March 31, 2026 4,988 $202,762
V Dec. 31, 2025 576 $201,508 2.8%
NVTS March 31, 2026 12,432 $117,545 41.4%
PLUG June 30, 2025 37,203 $45,016 27.5%