Sector breakdown

04
Financials 13.5%
Industrials 13.2%
Health Care 12.8%
Technology 8.2%
Energy 6.3%
Consumer Staples 5.1%
Retail 4.4%
Communication Services 4.4%
Consumer Discretionary 2.8%
Consumer products 2.4%
Materials 1.6%
Utilities 0.5%
Real Estate 0.1%
Other/Unmapped 24.7%

Full portfolio 327 positions

05
Type Streak 8Q trend
SPY SPY $75,452,147 2.26% 101,038 $9,039,426 Down ×1
IVV iShares Trust $73,049,726 2.19% 97,544 $8,733,363 Down ×4
SPHY SPDR SERIES TRUST $63,897,534 1.91% 2,726,004 $40,023,778 Up ×2
IJR iShares Trust $56,156,692 1.68% 378,644 $7,468,940 Down ×1
GLW Corning Incorporated Common Stock $47,974,864 1.44% 187,820 $9,923,797 Down ×5
CAT Caterpillar, Inc. Common Stock $44,510,694 1.33% 41,798 $6,942,478 Down ×5
MRK Merck & Company, Inc. Common Stock (new) $44,328,267 1.33% 344,967 $4,267,970 Up ×1
JPM JP Morgan Chase & Co. Common Stock $43,930,633 1.32% 134,209 $3,715,135 Down ×1
ABBV AbbVie Inc. Common Stock $43,679,923 1.31% 173,581 $8,134,012 Up ×2
HD Home Depot, Inc. (The) Common Stock $42,269,403 1.27% 119,852 $7,942,497 Up ×3
TRV The Travelers Companies, Inc. Common Stock $42,107,468 1.26% 127,552 $7,174,995 Up ×2
USB U.S. Bancorp Common Stock $42,062,016 1.26% 696,391 $5,806,728 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $42,025,598 1.26% 101,113 $6,727,401 Down ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $41,802,002 1.25% 169,775 $5,022,927 Down ×1
RTX RTX Corporation Common Stock $41,471,751 1.24% 218,583 $6,913,713 Up ×1
ITW Illinois Tool Works Inc. Common Stock $39,978,711 1.20% 147,812 $5,746,150 Up ×3
PG Procter & Gamble Company (The) Common Stock $39,870,240 1.19% 271,892 $4,846,284 Up ×1
JNJ Johnson & Johnson Common Stock $39,689,923 1.19% 156,278 $5,065,244 Up ×1
DGX Quest Diagnostics Incorporated Common Stock $39,578,271 1.19% 186,734 $5,104,213 Up ×2
AMGN Amgen Inc. - Common Stock $39,447,180 1.18% 108,934 $5,594,285 Up ×1
CL Colgate-Palmolive Company Common Stock $39,305,509 1.18% 428,725 $6,520,852 Up ×1
KO Coca-Cola Company (The) Common Stock $39,275,351 1.18% 483,270 $2,794,545 Up ×1
PFG Principal Financial Group Inc - Common Stock $39,151,085 1.17% 363,250 $3,244,952 Down ×1
BMY Bristol-Myers Squibb Company Common Stock $39,124,673 1.17% 679,012 $2,527,612 Up ×1
SBUX Starbucks Corporation - Common Stock $39,040,157 1.17% 382,035 $6,838,913 Up ×1
CMI Cummins Inc. Common Stock $38,893,482 1.17% 54,533 $3,490,689 Down ×4
UNP Union Pacific Corporation Common Stock $38,611,216 1.16% 141,953 $3,651,615 Down ×1
PKG Packaging Corporation of America Common Stock $38,407,639 1.15% 161,187 $4,623,066 Up ×3
GD General Dynamics Corporation Common Stock $38,316,371 1.15% 108,165 $4,296,402 Up ×2
ABT Abbott Laboratories Common Stock $38,243,008 1.15% 421,457 $5,098,052 Up ×3
BK The Bank of New York Mellon Corporation Common Stock $38,193,089 1.14% 264,111 $786,797 Down ×1
BBY Best Buy Co., Inc. Common Stock $37,939,775 1.14% 499,997 $3,630,331 Down ×1
AFL AFLAC Incorporated Common Stock $37,841,623 1.13% 322,743 $1,815,493 Down ×1
MS Morgan Stanley Common Stock $37,024,537 1.11% 177,117 $-115,126 Down ×1
CI The Cigna Group Common Stock $37,006,453 1.11% 134,237 $1,553,505 Up ×4
GILD Gilead Sciences, Inc. - Common Stock $36,688,756 1.10% 290,397 $1,772,113 Up ×1
MBB iShares MBS ETF $36,642,757 1.10% 387,672 $-166,699
ADP Automatic Data Processing, Inc. - Common Stock $36,535,651 1.09% 163,142 $3,203,766 Down ×1
MCD McDonald's Corporation Common Stock $36,523,477 1.09% 135,117 $2,261,368 Up ×3
LMT Lockheed Martin Corporation Common Stock $36,365,255 1.09% 71,380 $3,540,232 Up ×1
VLO Valero Energy Corporation Common Stock $36,349,871 1.09% 139,571 $-4,261,186 Down ×5
OMC Omnicom Group Inc. Common Stock $36,340,639 1.09% 498,979 $3,750,311 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $36,295,612 1.09% 309,004 $-1,537,503 Down ×1
BLK BlackRock, Inc. Common Stock $36,217,158 1.08% 37,665 $-425,917 Down ×1
PEP PepsiCo, Inc. - Common Stock $35,727,186 1.07% 263,864 $121,205 Up ×1
XOM Exxon Mobil Corporation Common Stock $35,587,669 1.07% 260,296 $-8,248,065 Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $35,014,197 1.05% 605,363 $-1,150,061 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $34,896,686 1.05% 469,420 $34,037,228 Up ×1
LHX L3Harris Technologies, Inc. Common Stock $34,803,677 1.04% 119,769 $1,482,896 Up ×1
IBM International Business Machines Corporation Common Stock $34,425,728 1.03% 122,420 $-511,878 Down ×1
MCHP Microchip Technology Incorporated - Common Stock $34,390,061 1.03% 377,084 $-824,525 Down ×1
VZ Verizon Communications Inc. Common Stock $34,345,534 1.03% 811,184 $-2,624,908 Up ×1
ADI Analog Devices, Inc. - Common Stock $34,315,484 1.03% 86,400 $-2,204,442 Down ×4
CVX Chevron Corporation Common Stock $33,562,751 1.01% 202,478 $-7,522,623 Up ×1
EOG EOG Resources, Inc. Common Stock $33,439,984 1.00% 257,766 $-5,863,250 Down ×2
KR Kroger Company (The) Common Stock $32,847,385 0.98% 591,525 $-2,282,165 Up ×1
COP ConocoPhillips Common Stock $32,753,844 0.98% 315,062 $-8,654,952 Up ×1
CME CME Group Inc. - Class A Common Stock $32,443,019 0.97% 146,914 $-1,603,158 Up ×1
VOO VANGUARD INDEX FUNDS $30,406,453 0.91% 44,272 $11,588,408 Up ×1
PM Philip Morris International Inc Common Stock $29,655,492 0.89% 163,924 $2,761,782 Up ×1
MO Altria Group, Inc. $28,780,431 0.86% 400,006 $1,780,161 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $28,230,367 0.85% 152,770 $-6,066,582 Down ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $26,742,393 0.80% 38,022 $3,291,944
NVDA NVIDIA Corporation - Common Stock $26,309,833 0.79% 131,490 $2,774,203 Down ×6
SRLN SSGA Active Trust $25,836,970 0.77% 641,275 $96,192
IJH iShares Trust $25,503,361 0.76% 330,740 $3,168,489
AAPL Apple Inc. - Common Stock $23,612,645 0.71% 81,603 $2,035,674 Down ×4
Unknown issuer (CUSIP: 438516205) $18,443,537 0.55% 82,374 Up ×1
VTI VANGUARD INDEX FUNDS $18,230,391 0.55% 49,266 $2,425,366
Unknown issuer (CUSIP: 43849R105) $18,211,247 0.55% 82,374 Up ×1
MSFT Microsoft Corporation - Common Stock $16,750,838 0.50% 44,906 $-190,732 Down ×6
VOOG VANGUARD ADMIRAL FUNDS $16,725,428 0.50% 202,438 $2,191,280 Up ×4
GOOGL Alphabet Inc. - Class A Common Stock $13,266,647 0.40% 37,123 $2,205,652 Down ×6
BAB Invesco Exchange-Traded Fund Trust II $13,151,600 0.39% 490,000 $-58,800
VOOV VANGUARD ADMIRAL FUNDS $12,541,004 0.38% 57,210 $216,396 Down ×1
IWM iShares Trust $12,475,886 0.37% 41,524 $2,177,934
VEA VANGUARD TAX-MANAGED FUNDS $12,363,086 0.37% 173,517 $1,931,695 Up ×5
IWF iShares Trust $11,963,531 0.36% 96,348 $1,692,834 Up ×1
PFF iShares Preferred and Income Securities ETF $11,906,345 0.36% 390,500 $66,385
AVGO Broadcom Inc. - Common Stock $11,838,308 0.35% 31,339 $1,119,666 Down ×2
IEFA iShares Trust $11,478,050 0.34% 118,845 $719,012
IEMG iShares, Inc. $11,431,754 0.34% 137,998 $1,806,394
EFA iShares Trust $11,269,941 0.34% 108,490 $732,307
PFFD Global X Funds $10,843,938 0.32% 580,200 $168,258
AMZN Amazon.com, Inc. - Common Stock $10,484,577 0.31% 43,990 $1,305,701 Down ×5
IWS iShares Trust $9,829,583 0.29% 59,718 $1,126,282
LLY Eli Lilly and Company Common Stock $9,648,215 0.29% 8,044 $2,140,133 Down ×4
IWP iShares Trust $9,605,228 0.29% 65,605 $1,199,915
AMAT Applied Materials, Inc. - Common Stock $9,531,309 0.29% 13,183 $3,802,567 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $9,276,822 0.28% 16,469 $177,667 Up ×1
BACPRL CUSIP: 060505682 $9,076,308 0.27% 7,235 $455,371
Unknown issuer (CUSIP: 00971TAL5) $8,706,920 0.26% 7,320,000 $308,318
WFCPRL CUSIP: 949746804 $8,662,260 0.26% 7,490 $-4,868
KLAC KLA Corporation - Common Stock $8,601,753 0.26% 28,510 $3,096,413 Up ×1
LRCX Lam Research Corporation - Common Stock $8,502,369 0.25% 19,621 $2,762,393 Down ×6
IVW iShares Trust $8,496,466 0.25% 61,779 $1,508,643
HEDJ WisdomTree Trust $8,209,710 0.25% 144,030 $676,941
V Visa Inc. $7,912,342 0.24% 23,062 $1,190,223 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $7,660,195 0.23% 21,680 $1,340,096 Down ×5
MA Mastercard Incorporated Common Stock $7,152,907 0.21% 13,927 $859,690 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
HD $42,269,403 1.27% up ×3
ITW $39,978,711 1.20% up ×3
PKG $38,407,639 1.15% up ×3
ABT $38,243,008 1.15% up ×3
CI $37,006,453 1.11% up ×4
MCD $36,523,477 1.09% up ×3
VOOG $16,725,428 0.50% up ×4
VEA $12,363,086 0.37% up ×5
MA $7,152,907 0.21% up ×3
PGR $5,251,319 0.16% up ×5
BKNG $5,108,002 0.15% up ×3
DIS $4,769,380 0.14% up ×3
MRSH $4,722,427 0.14% up ×5
INTU $4,354,263 0.13% up ×4
NKE $4,084,104 0.12% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $18,443,537 82,374 0.55%
Unknown issuer (CUSIP: 43849R105) $18,211,247 82,374 0.55%
Unknown issuer (CUSIP: 018802AE8) $6,496,681 5,915,000 0.19%
VETZ $4,946,275 250,000 0.15%
NUE $4,318,901 19,389 0.13%
Unknown issuer (CUSIP: 665531AJ8) $4,267,899 4,500,000 0.13%
BIV $2,692,707 35,107 0.08%
NTR $626,415 9,951 0.02%
DELL $542,778 1,258 0.02%
MRVL $525,478 1,764 0.02%
VRT $481,136 1,437 0.01%
DDOG $371,014 1,425 0.01%
HOOD $341,955 3,410 0.01%
COHR $295,853 750 0.01%
ROK $270,314 546 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPHY Bought more +1.7M +$40.0M
VOO Bought more +13K +$11.6M
GLW Trimmed -92K +$9.9M
SPY Trimmed -1K +$9.0M
IVV Trimmed -918 +$8.7M
COP Bought more +1K -$8.7M
XOM Bought more +2K -$8.2M
ABBV Bought more +10K +$8.1M
HD Bought more +15K +$7.9M
CVX Bought more +4K -$7.5M

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
HON June 30, 2026 151,252 $34,187,487 -4.4%
GPC March 31, 2026 246,390 $30,296,113 20.3%
HPQ March 31, 2026 1,299,416 $28,950,987 67.2%
SCHG Sept. 30, 2025 696,517 $20,345,262 13.6%
LQD Sept. 30, 2025 156,697 $17,175,558
GVI June 30, 2025 117,107 $12,415,684
SCHV Sept. 30, 2025 253,673 $7,019,132 16.1%
MGC March 31, 2026 5,427 $1,363,100
VIG March 31, 2026 6,050 $1,329,669
KMB March 31, 2026 10,336 $1,042,799 -2.2%
PAYX March 31, 2026 9,092 $1,019,941 7.4%
LNC June 30, 2025 19,329 $694,104 16.5%
UL (filed as ULXXXX) Dec. 31, 2025 8,238 $488,349 -8.7%
CRH June 30, 2025 5,410 $475,918 -10.7%
FISV Dec. 31, 2025 3,668 $472,914 -34.0%
AJG March 31, 2026 1,428 $369,551 4.4%
HOOD March 31, 2026 2,951 $333,759 62.7%
CHTR Sept. 30, 2025 807 $329,910 -60.3%
ABNB March 31, 2026 2,151 $291,933 28.6%
SYY Dec. 31, 2025 3,458 $284,732 5.2%
VMC Dec. 31, 2025 893 $274,705 -14.8%
VST March 31, 2026 1,678 $270,712 -6.9%
CBRE March 31, 2026 1,653 $265,787 -4.3%
DFS June 30, 2025 1,540 $262,878 No longer tracked
TGT Dec. 31, 2025 2,890 $259,233 59.6%
AIG March 31, 2026 3,012 $257,678 -0.4%
ROP March 31, 2026 578 $257,286 0.1%
HES Sept. 30, 2025 1,855 $256,991 No longer tracked
ROK March 31, 2026 658 $256,007 26.6%
CMG March 31, 2026 6,858 $253,746 1.1%
GIS June 30, 2025 4,212 $251,835 -38.2%
ZTS June 30, 2026 2,046 $241,857 -3.0%
DOW June 30, 2025 6,897 $240,843 5.6%
COIN March 31, 2026 1,064 $240,614 4.8%
NDAQ March 31, 2026 2,469 $239,814 6.4%
MSCI March 31, 2026 416 $238,671 -0.6%
OXY June 30, 2025 4,815 $237,669 38.3%
ADSK June 30, 2026 991 $237,245 9.0%
O March 31, 2026 4,178 $235,514 -11.5%
DAL March 31, 2026 3,392 $235,405 26.5%
DHI March 31, 2026 1,626 $234,193 -1.6%
TSCO Sept. 30, 2025 4,387 $231,504 -45.3%
AXON March 31, 2026 396 $224,900 -2.7%
EXC June 30, 2026 4,584 $224,708 -12.6%
ODFL June 30, 2025 1,357 $224,515 11.2%
TTWO March 31, 2026 873 $223,514 2.6%
CPRT June 30, 2025 3,942 $223,079 -44.5%
EBAY March 31, 2026 2,558 $222,801 16.9%
PEG March 31, 2026 2,771 $222,511 -15.9%
CTSH March 31, 2026 2,679 $222,357 -4.6%
GEHC June 30, 2025 2,708 $218,563 -13.2%
FITB Dec. 31, 2025 4,902 $218,384 8.7%
TRGP June 30, 2025 1,089 $218,311 61.8%
HPE Dec. 31, 2025 8,879 $218,068 188.6%
PRU March 31, 2026 1,921 $216,843 15.3%
VRSK Sept. 30, 2025 694 $216,182 -34.8%
WDAY March 31, 2026 1,006 $216,068 43.3%
NTRS Dec. 31, 2025 1,605 $216,032 25.5%
OTIS June 30, 2025 2,088 $215,481 -35.3%
MCHP Dec. 31, 2025 3,354 $215,394 27.6%
HIG March 31, 2026 1,562 $215,244 -6.8%
OXY Dec. 31, 2025 4,536 $214,326 41.2%
OXY June 30, 2026 3,291 $213,915 19.6%
FIS Dec. 31, 2025 3,207 $211,470 -51.2%
APO June 30, 2026 1,895 $211,141 -3.6%
PPG Sept. 30, 2025 1,856 $211,121 0.0%
LEN Dec. 31, 2025 1,672 $210,739 -22.4%
A March 31, 2026 1,548 $210,636 47.2%
NUE Dec. 31, 2025 1,548 $209,646 47.4%
IDXX June 30, 2026 372 $209,023 -1.5%
CCI Sept. 30, 2025 2,015 $207,001 -31.1%
BDX June 30, 2026 1,311 $206,129 16.8%
MLM March 31, 2026 331 $206,101 -18.1%
HUM June 30, 2025 776 $205,330 58.9%
DTE Dec. 31, 2025 1,446 $204,508 -3.5%
EA June 30, 2026 1,003 $204,481 No longer tracked
IQV March 31, 2026 906 $204,222 51.4%
HSY Dec. 31, 2025 1,090 $203,885 -12.0%
HUM Dec. 31, 2025 782 $203,452 51.6%
NTAP Dec. 31, 2025 1,716 $203,278 111.3%
EFX Dec. 31, 2025 792 $203,172 -35.5%
PYPL June 30, 2026 4,483 $202,766 22.3%
FANG June 30, 2025 1,260 $201,449 34.4%
DELL March 31, 2026 1,600 $201,406 242.7%
FICO Sept. 30, 2025 110 $201,075 -55.8%
ED March 31, 2026 2,023 $200,924 -8.6%
HIG June 30, 2025 1,621 $200,567 -0.6%
UAL Dec. 31, 2025 2,075 $200,239 0.6%
PCG June 30, 2025 10,368 $178,123 -11.6%
PCG June 30, 2026 10,019 $176,033 -26.8%
WBD June 30, 2025 14,919 $160,082 170.0%
VTRS March 31, 2026 11,182 $139,217 30.3%
AMCR March 31, 2026 11,517 $96,052 5.3%
LUMN June 30, 2025 10,050 $39,396 31.3%
SILO June 30, 2025 20,000 $23,400 131.4%