Sector breakdown

04
Healthcare 1.2%
Technology 0.5%
Financials 0.1%
Other/Unmapped 98.2%

Full portfolio 28 positions

05
Type Streak 8Q trend
ADPV Series Portfolios Trust $119,129,691 50.20% 2,465,652 $18,697,654 Up ×6
SSO ProShares Ultra S&P500 $36,691,846 15.46% 544,551 $30,567,049 Up ×1
BOXX EA Series Trust $18,055,044 7.61% 154,198 $-29,259,403 Down ×1
UWM ProShares Ultra Russell2000 $8,039,834 3.39% 119,587
PULS PGIM ETF Trust $7,244,408 3.05% 146,204 $-768,652 Down ×1
SOXL Direxion Daily Semiconductor Bull 3X ETF $4,006,518 1.69% 15,022 Up ×1
FALN iShares Fallen Angels USD Bond ETF $3,789,819 1.60% 139,127 Up ×1
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF $3,750,105 1.58% 130,099 Up ×1
FLRT Pacer Funds Trust $3,531,803 1.49% 75,741
CVRT Calamos Convertible Equity Alternative ETF $3,189,083 1.34% 62,004 Up ×1
CLOZ Series Portfolios Trust $2,971,378 1.25% 112,467 Up ×1
NEBX INVESTMENT MANAGERS SERIES TRUST II $2,935,297 1.24% 49,971 Up ×1
LLY Eli Lilly and Company Common Stock $2,742,119 1.16% 2,286 $642,221 Up ×3
AIS Tidal Trust III $2,637,871 1.11% 30,921 Up ×1
ARKG ARK ETF Trust $2,579,161 1.09% 61,321 Up ×1
QLD ProShares Ultra QQQ $2,300,082 0.97% 23,771
RSHO Tema ETF Trust $2,261,120 0.95% 35,965 Up ×1
Unknown issuer (CUSIP: 46152A544) $1,523,244 0.64% 6,900 Up ×1
MSFT Microsoft Corporation - Common Stock $1,285,054 0.54% 3,445 $-193,775 Down ×1
SPUU Direxion Daily S&P 500 Bull 2X ETF $1,261,108 0.53% 5,849 Up ×1
BEX Tradr 2X Long BE Daily ETF $1,224,071 0.52% 20,466 Up ×1
CBON VanEck ETF Trust $1,158,901 0.49% 48,632 Up ×1
USD ProShares Ultra Semiconductors $1,121,421 0.47% 10,756
AMDL GraniteShares 2x Long AMD Daily ETF $1,097,100 0.46% 13,258 Up ×1
JAAA Janus Henderson AAA CLO ETF $911,496 0.38% 18,053 Up ×1
JPIE JPMorgan Income ETF $910,455 0.38% 19,771 Up ×1
BIL SPDR SERIES TRUST $598,695 0.25% 6,533 $-196 Down ×5
V Visa Inc. $348,236 0.15% 1,015 $41,462

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ADPV $119,129,691 50.20% up ×6
LLY $2,742,119 1.16% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
UWM $8,039,834 119,587 3.39%
SOXL $4,006,518 15,022 1.69%
FALN $3,789,819 139,127 1.60%
VEMY $3,750,105 130,099 1.58%
FLRT $3,531,803 75,741 1.49%
CVRT $3,189,083 62,004 1.34%
CLOZ $2,971,378 112,467 1.25%
NEBX $2,935,297 49,971 1.24%
AIS $2,637,871 30,921 1.11%
ARKG $2,579,161 61,321 1.09%
QLD $2,300,082 23,771 0.97%
RSHO $2,261,120 35,965 0.95%
Unknown issuer (CUSIP: 46152A544) $1,523,244 6,900 0.64%
SPUU $1,261,108 5,849 0.53%
BEX $1,224,071 20,466 0.52%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BOXX Trimmed -253K -$29.3M
ADPV Bought more +84K +$18.7M
PULS Trimmed -16K -$769K
LLY Bought more +3 +$642K
MSFT Trimmed -550 -$194K
V Price move only +0 +$41K
BIL Trimmed -2 -$196

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
SDS June 30, 2026 105,390 $7,930,598 -8.0%
SGOL June 30, 2025 250,665 $7,474,830 25.8%
SLV March 31, 2026 108,086 $6,962,900 -18.6%
XLP June 30, 2026 68,738 $5,635,141 No longer tracked
JNUG March 31, 2026 26,392 $5,451,004 -25.8%
USD March 31, 2026 97,016 $5,094,310 116.4%
UWM Dec. 31, 2025 108,750 $5,041,650 23.4%
SILJ March 31, 2026 168,202 $4,654,149
DIG June 30, 2026 65,354 $4,363,033
SBIT March 31, 2026 97,411 $4,278,291 -47.2%
XPP Dec. 31, 2025 125,463 $3,837,700
MAGX Dec. 31, 2025 66,323 $3,737,964
QLD Sept. 30, 2025 31,139 $3,665,372 46.9%
JBBB June 30, 2025 62,171 $3,025,863
QTUM Sept. 30, 2025 29,431 $2,702,210
UFO Dec. 31, 2025 73,769 $2,631,694
GREK Sept. 30, 2025 44,138 $2,561,770 31.7%
NUKZ Sept. 30, 2025 42,493 $2,403,404
QID June 30, 2026 104,613 $2,370,531 -7.6%
PLTD June 30, 2026 310,184 $2,329,482
UBT Dec. 31, 2025 134,613 $2,324,767 -20.6%
LTL June 30, 2025 27,284 $2,228,527 -3.2%
AVL Dec. 31, 2025 40,375 $2,113,228
AAPU Dec. 31, 2025 61,567 $1,989,845
XLU June 30, 2026 41,208 $1,891,035 No longer tracked
SH Dec. 31, 2025 49,427 $1,826,822 -11.9%
ARGT June 30, 2025 18,276 $1,476,153
FNGO Dec. 31, 2025 11,733 $1,470,614 41.3%
PSLV June 30, 2025 125,950 $1,461,020
DAPP Dec. 31, 2025 65,230 $1,418,753
TARK March 31, 2026 23,146 $1,123,738
LEMB March 31, 2026 26,223 $1,090,090
ROKT March 31, 2026 12,734 $1,083,536
COPJ March 31, 2026 27,552 $1,082,518
QQQD June 30, 2026 70,434 $1,038,197
TSMX Dec. 31, 2025 21,116 $993,297
SLX March 31, 2026 11,620 $986,073
NVDL March 31, 2026 11,034 $971,102
TBT March 31, 2026 27,030 $944,428 21.7%
NUGT March 31, 2026 4,987 $916,860 -12.0%
WGMI Dec. 31, 2025 20,284 $897,364
MUU March 31, 2026 8,765 $882,986
URA Dec. 31, 2025 18,126 $864,066 -2.2%
EUFN Dec. 31, 2025 24,490 $840,987
BITU Sept. 30, 2025 15,813 $818,323
IBND Sept. 30, 2025 24,513 $798,879
IAI Sept. 30, 2025 4,677 $791,068
UXRP Dec. 31, 2025 23,994 $688,148 -61.6%
CWB Dec. 31, 2025 6,382 $577,571
XXRP Dec. 31, 2025 17,336 $559,953
FLRT March 31, 2026 11,432 $538,848
PULS June 30, 2025 10,728 $533,484
XLC June 30, 2025 5,216 $503,083 2.9%
NVD June 30, 2026 58,683 $443,057
IGOV Sept. 30, 2025 10,157 $437,767
VOO Dec. 31, 2025 468 $286,594 14.2%
MAGS Dec. 31, 2025 3,740 $242,576
SGOL March 31, 2026 5,500 $225,940 -11.1%
AUMI March 31, 2026 2,437 $224,077
GSIB March 31, 2026 4,194 $220,404
FNGS Dec. 31, 2025 3,143 $219,947 23.7%
GDX March 31, 2026 2,547 $218,456 -3.9%
XLK March 31, 2026 1,475 $212,356 52.6%
SMH March 31, 2026 580 $208,875 66.1%
FTSM March 31, 2026 3,477 $208,355
JPST March 31, 2026 4,117 $208,303