Sector breakdown

04
Technology 8.2%
Energy 5.5%
Industrials 4.0%
Healthcare 3.2%
Materials 2.6%
Retail 2.0%
Communication Services 1.8%
Financials 0.3%
Consumer Staples 0.2%
Real Estate 0.2%
Consumer Discretionary 0.0%
Other/Unmapped 72.0%

Full portfolio 82 positions

05
Type Streak 8Q trend
GLD SPDR Gold Shares $36,355,422 13.77% 98,690 $-4,995,449 Up ×3
EWZ iShares, Inc. $19,385,026 7.34% 561,885 $-288,314 Up ×2
MSFT Microsoft Corporation - Common Stock $14,398,571 5.45% 38,600 $3,541,484 Up ×2
SILJ Amplify Junior Silver Miners ETF $11,016,000 4.17% 425,000 $-1,243,500 Up ×2
XMHQ Invesco Exchange-Traded Fund Trust $10,014,714 3.79% 88,720 $-1,244,348 Down ×2
SLV iShares Silver Trust $9,157,807 3.47% 171,270 $-2,301,297 Up ×1
XLV SELECT SECTOR SPDR TRUST $8,972,791 3.40% 56,550
XLP XLP $8,734,813 3.31% 105,150 Up ×1
XOP SPDR SERIES TRUST $8,466,709 3.21% 54,918 $7,819,829 Up ×1
URNM Sprott Uranium Miners ETF $8,382,646 3.17% 159,275 $-1,484,729 Up ×3
PPLT abrdn Physical Platinum Shares ETF $7,860,378 2.98% 556,290 $-4,927,447 Up ×2
PFE Pfizer, Inc. Common Stock $7,768,930 2.94% 322,630 $-540,784 Up ×4
ILF iShares Trust $7,226,214 2.74% 214,110 $49,043 Up ×3
IBIT iShares Bitcoin Trust ETF $6,834,438 2.59% 205,300 $-984,032 Up ×4
FCG First Trust Exchange-Traded Fund $6,214,660 2.35% 233,546 $-776,345 Up ×2
XLE SELECT SECTOR SPDR TRUST $5,688,637 2.15% 107,050
EWJ iShares, Inc. $5,647,501 2.14% 60,550 $534,659
VG Venture Global, Inc. Class A common stock $5,590,933 2.12% 502,330 $5,408,905 Up ×1
COPX Global X Funds $5,564,931 2.11% 72,300 $121,176 Up ×1
RDW Redwire Corporation Common Stock $5,384,226 2.04% 440,247 $4,498,420 Up ×2
FCX Freeport-McMoRan, Inc. Common Stock $5,355,084 2.03% 85,150 $808,451 Up ×1
OXY Occidental Petroleum Corporation Common Stock $5,152,306 1.95% 106,080 Up ×1
GDXJ VanEck ETF Trust $4,856,499 1.84% 49,430 $597,480 Up ×1
MOO VanEck ETF Trust $4,608,648 1.75% 58,190 $-59,132 Up ×2
BIDU Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share $4,572,535 1.73% 40,008 $137,734 Up ×1
AMZN Amazon.com, Inc. - Common Stock $3,846,808 1.46% 16,140 $589,465 Up ×2
SHY iShares 1-3 Year Treasury Bond ETF $3,799,148 1.44% 46,269 $-21,283
CHIQ Global X Funds $3,002,319 1.14% 189,900 $-693,373 Up ×4
EQNR Equinor ASA $3,001,978 1.14% 95,650 Up ×1
NICE NICE Ltd - American Depositary Shares each representing one Ordinary Share $2,993,508 1.13% 32,950 $-540,325 Up ×3
OUST Ouster, Inc. - Common Stock $2,131,833 0.81% 34,098 Up ×1
ETHA iShares Ethereum Trust ETF $1,672,923 0.63% 140,700 $-554,358
MRCY Mercury Systems Inc - Common Stock $1,219,075 0.46% 9,965 $261,806 Down ×1
RKLB Rocket Lab Corporation - Common Stock $1,051,901 0.40% 10,348 $174,170 Down ×1
GDX VanEck ETF Trust $928,790 0.35% 12,310 $172,605 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $916,609 0.35% 9,550 $339,493 Up ×2
IONQ IonQ, Inc. Common Stock $854,452 0.32% 16,043 $645,659 Up ×1
ASHR DBX ETF Trust $843,180 0.32% 23,000 $98,988 Up ×1
ASEA Global X Funds $815,188 0.31% 41,570 $7,483
QBTS D-Wave Quantum Inc. Common Shares $805,399 0.30% 33,572 $635,236 Up ×1
GLDM SPDR Gold MiniShares Trust $790,229 0.30% 9,950 $26,464 Up ×2
RGTI Rigetti Computing, Inc. - Common stock $709,117 0.27% 36,704 $507,569 Up ×1
PICK iShares, Inc. $608,249 0.23% 10,460 $15,900
QUBT Quantum Computing Inc. - Common Stock $590,331 0.22% 60,859 $380,602 Up ×1
TRUP Trupanion, Inc. - Common Stock $457,385 0.17% 18,465 Up ×1
KWEB Krane Shares Trust $447,801 0.17% 18,300 $-15,608 Up ×1
FRPT Freshpet, Inc. - Common Stock $439,421 0.17% 7,433 Up ×1
MP MP Materials Corp. Common Stock $431,175 0.16% 7,698
QCOM QUALCOMM Incorporated - Common Stock $414,466 0.16% 2,243 Up ×1
INDA iShares Trust $410,176 0.16% 8,320 Up ×1
C Citigroup, Inc. Common Stock $400,054 0.15% 2,858 $34,839 Down ×5
CHWY Chewy, Inc. Class A Common Stock $370,889 0.14% 18,875 Up ×1
EQT EQT Corporation Common Stock $340,288 0.13% 6,400 $39,271 Up ×1
USAR USA Rare Earth, Inc. - Common Stock $318,033 0.12% 14,737 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $286,542 0.11% 600 $83,772
MOS Mosaic Company (The) Common Stock $283,098 0.11% 13,360 $61,503 Up ×1
LB LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests $278,925 0.11% 3,520 Up ×1
JNJ Johnson & Johnson Common Stock $276,828 0.10% 1,090 Up ×1
VSAT ViaSat, Inc. - Common Stock $270,268 0.10% 3,009 $3,929 Down ×1
ITA iShares Trust $269,086 0.10% 1,110 Up ×1
PL Planet Labs PBC Class A Common Stock $266,903 0.10% 8,056 $-28,264 Down ×1
IXC iShares Trust $266,285 0.10% 5,420 $-45,961
EPU iShares Trust $252,170 0.10% 3,020 Up ×1
SITM SiTime Corporation - Common Stock $251,000 0.10% 337 Up ×1
ADI Analog Devices, Inc. - Common Stock $247,923 0.09% 624 Up ×1
LEU Centrus Energy Corp. Class A Common Stock $247,039 0.09% 1,471
EWW iShares, Inc. $242,370 0.09% 3,220 Up ×1
XHS SPDR SERIES TRUST $233,817 0.09% 1,770 Up ×1
FPI Farmland Partners Inc. Common Stock $230,287 0.09% 23,790 $73,179 Up ×1
XES SPDR SERIES TRUST $224,160 0.08% 2,000 $-8,500
ISRG Intuitive Surgical, Inc. - Common Stock $222,701 0.08% 560 Up ×1
BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) $222,438 0.08% 2,670 $-29,970 Down ×1
CIBR First Trust NASDAQ Cybersecurity ETF $220,133 0.08% 2,450 $7,021 Down ×1
HXL Hexcel Corporation Common Stock $216,109 0.08% 2,160 $-12,569 Down ×1
BIIB Biogen Inc. - Common Stock $216,060 0.08% 1,000 Up ×1
LUNR Intuitive Machines, Inc. - Class A Common Stock $210,182 0.08% 9,826 $-29,712 Down ×1
RIO Rio Tinto Plc Common Stock $206,969 0.08% 2,180 $3,619
PBR Petroleo Brasileiro S.A. Petrobras ADS $180,977 0.07% 11,199
LAND Gladstone Land Corporation - Common Stock $150,299 0.06% 17,620 $-2,395 Up ×1
LND Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) $109,171 0.04% 30,580 $7,736 Up ×1
WRD WeRide Inc. - American Depositary Shares $107,038 0.04% 18,391 $-40,107 Up ×1
WOOF Petco Health and Wellness Company, Inc. - Class A Common Stock $81,245 0.03% 29,869 $-876 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
GLD $36,355,422 13.77% up ×3
URNM $8,382,646 3.17% up ×3
PFE $7,768,930 2.94% up ×4
ILF $7,226,214 2.74% up ×3
IBIT $6,834,438 2.59% up ×4
CHIQ $3,002,319 1.14% up ×4
NICE $2,993,508 1.13% up ×3
WOOF $81,245 0.03% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XLV $8,972,791 56,550 3.40%
XLP $8,734,813 105,150 3.31%
XLE $5,688,637 107,050 2.15%
OXY $5,152,306 106,080 1.95%
EQNR $3,001,978 95,650 1.14%
OUST $2,131,833 34,098 0.81%
TRUP $457,385 18,465 0.17%
FRPT $439,421 7,433 0.17%
MP $431,175 7,698 0.16%
QCOM $414,466 2,243 0.16%
INDA $410,176 8,320 0.16%
CHWY $370,889 18,875 0.14%
USAR $318,033 14,737 0.12%
LB $278,925 3,520 0.11%
JNJ $276,828 1,090 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GLD Bought more +3K -$5.0M
PPLT Bought more +485K -$4.9M
MSFT Bought more +9K +$3.5M
SLV Bought more +3K -$2.3M
URNM Bought more +3K -$1.5M
XMHQ Trimmed -20K -$1.2M
SILJ Bought more +12K -$1.2M
IBIT Bought more +2K -$984K
FCX Bought more +8K +$808K
FCG Bought more +13K -$776K

3 positions 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
IJR June 30, 2026 88,730 $11,028,254 -6.8%
RRC March 31, 2026 228,150 $8,044,569 -15.4%
AA March 31, 2026 104,080 $5,530,811 -36.8%
GOOGL Sept. 30, 2025 29,010 $5,112,433 41.3%
XOP Dec. 31, 2025 37,200 $4,917,096
AIG Sept. 30, 2025 50,350 $4,309,457 -4.6%
MU June 30, 2025 48,410 $4,206,347 772.1%
OIH Dec. 31, 2025 15,990 $4,155,162 38.2%
NLR Sept. 30, 2025 32,150 $3,574,437 -22.0%
UBER March 31, 2026 37,921 $3,098,526 -5.3%
EIDO March 31, 2026 161,600 $3,021,920
ICLN March 31, 2026 158,700 $2,607,441
IBB Dec. 31, 2025 43,640 $1,576,407 21.6%
QQQ June 30, 2025 89,500 $1,388,598 35.0%
AAPL Sept. 30, 2025 6,000 $1,231,020 31.0%
MSFT Sept. 30, 2025 2,000 $994,820 -0.1%
AMR March 31, 2026 22,120 $893,427 -16.4%
RSP March 31, 2026 3,600 $689,616 10.0%
ALB Dec. 31, 2025 75,600 $554,841 -26.1%
TSM Sept. 30, 2025 2,000 $452,980 69.3%
LYFT March 31, 2026 422,800 $367,836 16.2%
INTC Dec. 31, 2025 40,600 $355,250 223.4%
IRDM June 30, 2026 12,026 $333,614 -10.7%
MP Sept. 30, 2025 9,788 $325,654 -30.0%
RKT June 30, 2026 21,783 $310,406 -25.7%
NOC June 30, 2026 374 $254,949 -6.1%
LHX June 30, 2026 731 $252,329 -18.6%
LEU Dec. 31, 2025 811 $251,467 -42.6%
URNJ June 30, 2026 8,321 $243,722
COAL June 30, 2026 8,680 $238,179
TYG March 31, 2026 5,710 $233,539 -23.6%
XLV June 30, 2025 1,600 $233,504 23.3%
NOTE March 31, 2026 142,398 $209,325 No longer tracked
TXT June 30, 2026 2,379 $208,343 -15.8%
COF Sept. 30, 2025 971 $206,563 -8.4%
SLB March 31, 2026 159,700 $165,294 -5.2%
NTR March 31, 2026 104,400 $161,820 -7.2%
PBR March 31, 2026 12,111 $143,513 4.3%
SPY Dec. 31, 2025 155,800 $125,423 No longer tracked
MT March 31, 2026 20,800 $73,840 24.1%
FEZ Sept. 30, 2025 244,000 $67,100
PYPL March 31, 2026 128,700 $36,685 16.7%
XLE March 31, 2026 165,500 $24,010 2.5%
FEZ March 31, 2026 371,400 $18,570