Sector breakdown

04
Technology 8.6%
Financials 6.1%
Industrials 4.2%
Healthcare 3.3%
Communication Services 2.9%
Retail 2.2%
Energy 1.9%
Consumer Staples 0.7%
Utilities 0.7%
Materials 0.6%
Consumer products 0.6%
Real Estate 0.4%
Consumer Discretionary 0.2%
Other/Unmapped 67.7%

Full portfolio 399 positions

05
Type Streak 8Q trend
IVW iShares S&P 500 Growth ETF $126,332,544 6.31% 918,582 $17,402,876 Down ×6
IVV iShares Trust $88,174,529 4.40% 117,740 $11,865,205 Up ×1
AAPL Apple Inc. - Common Stock $71,625,947 3.58% 247,532 $7,664,306 Down ×1
IVE iShares Trust $67,130,702 3.35% 295,652 $4,799,770 Up ×3
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $65,348,669 3.26% 549,195 $11,846,244 Up ×6
IJH iShares Trust $53,142,396 2.65% 689,177 $10,141,451 Up ×6
SPYV State Street SPDR Portfolio S&P 500 Value ETF $51,659,206 2.58% 849,798 $7,275,229 Up ×6
IJJ iShares Trust $33,650,856 1.68% 227,786 $3,941,685 Up ×1
IJR iShares Trust $33,252,457 1.66% 224,209 $6,916,219 Up ×6
EFA iShares Trust $31,661,811 1.58% 304,792 $2,728,204 Up ×6
VTV Vanguard Morningstar Value ETF $31,022,303 1.55% 142,350 $2,702,474 Down ×2
IJK iShares Trust $30,584,759 1.53% 260,296 $4,788,640 Up ×1
IWN iShares Russell 2000 Value ETF $28,829,668 1.44% 130,333 $-440,372 Down ×1
VMBS Vanguard Mortgage-Backed Securities ETF $28,797,995 1.44% 615,210 $3,090,454 Up ×6
MSFT Microsoft Corporation - Common Stock $28,327,508 1.41% 75,941 $-321,473 Down ×5
VGK Vanguard FTSEEuropean ETF $26,042,410 1.30% 294,132 $2,466,526 Up ×2
JPM JP Morgan Chase & Co. Common Stock $24,506,803 1.22% 74,868 $1,941,824 Down ×5
MBB iShares MBS ETF $24,185,210 1.21% 255,874 $1,970,043 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $23,652,242 1.18% 66,941 $2,951,173 Down ×5
EMXC iShares MSCI Emerging Markets ex China ETF $22,018,408 1.10% 215,234 $5,655,926 Up ×6
VNLA Janus Henderson Short Duration Income ETF $21,957,820 1.10% 449,357 $153,168 Up ×3
IWO iShares Russell 2000 Growth Fund $19,587,150 0.98% 49,719 $4,182,914 Up ×6
RSP Invesco Exchange-Traded Fund Trust $18,476,423 0.92% 86,838 $157,055 Down ×1
FEZ SPDR INDEX SHARES FUNDS $16,896,924 0.84% 246,024 $1,082,836 Down ×1
JNJ Johnson & Johnson Common Stock $16,377,486 0.82% 64,486 $484,194 Down ×1
FBND Fidelity Merrimack Street Trust $15,671,914 0.78% 344,513 $994,478 Up ×5
IWM iShares Russell 2000 Index Fund $15,375,759 0.77% 51,176 $2,641,250 Down ×1
IDEV iShares Core MSCI International Developed Markets ETF $15,225,071 0.76% 171,049 $1,564,217 Up ×4
VYMI Vanguard International High Dividend Yield ETF $14,942,911 0.75% 152,168 $2,564,984 Up ×6
IEFA iShares Core MSCI EAFE ETF $14,856,997 0.74% 153,831 $815,991 Down ×4
IEI iShares 3-7 Year Treasury Bond ETF $14,743,851 0.74% 125,533 $-122,896 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $14,363,801 0.72% 122,287 $4,799,208 Down ×4
SPY SPY $13,693,252 0.68% 18,337 $3,235,768 Up ×2
EFG iShares Trust $13,221,134 0.66% 106,262 $2,345,058 Up ×3
HDV iShares Trust $13,083,752 0.65% 477,335 $430,712 Up ×5
AMZN Amazon.com, Inc. - Common Stock $12,121,734 0.61% 50,859 $1,391,664 Down ×4
IEF iShares 7-10 Year Treasury Bond ETF $11,589,553 0.58% 122,550 $6,298,551 Up ×3
JEPI JPMorgan Equity Premium Income ETF $11,505,743 0.57% 203,714 $-4,304 Up ×1
SGOV iShares Trust $11,255,260 0.56% 111,804 $-1,477,681 Down ×1
V Visa Inc. $11,121,050 0.56% 32,414 $1,096,457 Down ×4
XOM Exxon Mobil Corporation Common Stock $10,980,724 0.55% 80,315 $-2,774,384 Down ×1
BAC Bank of America Corporation Common Stock $10,848,561 0.54% 190,392 $2,363,130 Up ×1
RTX RTX Corporation Common Stock $10,802,811 0.54% 56,938 $-97,890 Up ×1
STIP iShares 0-5 Year TIPS Bond ETF $10,577,888 0.53% 103,542 $-40,909 Up ×1
USMV iShares MSCI USA Min Vol Factor ETF $10,347,071 0.52% 107,268 $710,365 Up ×6
VEA Vanguard FTSE Developed Markets ETF $10,235,703 0.51% 143,659 $988,032 Down ×1
VWO Vanguard FTSE Emerging Markets ETF $9,818,996 0.49% 164,500 $1,118,517 Up ×4
GOOGL Alphabet Inc. - Class A Common Stock $9,760,941 0.49% 27,313 $1,578,197 Down ×1
VGLT Vanguard Long-Term Treasury ETF $9,735,628 0.49% 176,434 $1,178,132 Up ×4
IBM International Business Machines Corporation Common Stock $9,606,073 0.48% 34,160 $1,295,857 Down ×1
VBR Vanguard Morningstar Small-Cap Value ETF $9,350,259 0.47% 38,480 $1,012,024 Up ×6
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $9,257,590 0.46% 308,484 $883,160 Up ×5
GLW Corning Incorporated Common Stock $8,971,959 0.45% 35,125 $5,147,051 Up ×1
EFV iShares Trust $8,969,670 0.45% 117,174 $872,251 Up ×3
ORCL Oracle Corporation Common Stock $8,745,372 0.44% 59,675 $-126,833 Down ×5
BND Vanguard Total Bond Market ETF $8,566,460 0.43% 116,693 $-83,306 Down ×5
CVX Chevron Corporation Common Stock $8,309,885 0.41% 50,132 $-2,107,191 Down ×5
LIN Linde plc - Ordinary Shares $8,275,280 0.41% 15,947 $442,021 Up ×1
ISCF iShares International Small-Cap Equity Factor ETF $8,262,714 0.41% 190,869 $703,329 Up ×6
IEMG iShares, Inc. $8,227,844 0.41% 99,322 $1,248,683 Down ×1
DSCO DoubleLine Securitized Credit ETF $8,046,282 0.40% 322,755 Up ×1
FLOT iShares Floating Rate Bond ETF $7,995,001 0.40% 156,611 $495,358 Up ×2
CLOA iShares AAA CLO Active ETF $7,879,834 0.39% 151,798 Up ×1
C Citigroup, Inc. Common Stock $7,834,567 0.39% 55,977 $1,678,769 Up ×1
MTB M&T Bank Corporation Common Stock $7,800,060 0.39% 32,772 $961,868 Down ×1
XLU XLU $7,450,765 0.37% 164,331 $154,447 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,435,545 0.37% 14,860 $1,648,965 Up ×2
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $7,316,993 0.37% 218,679 $542,790 Up ×3
VOO Vanguard S&P 500 ETF $7,302,124 0.36% 10,632 $923,234 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $6,888,050 0.34% 53,603 $321,015 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $6,886,688 0.34% 11,855 $3,692,837 Down ×1
COST Costco Wholesale Corporation - Common Stock $6,883,581 0.34% 7,358 $-405,814 Up ×1
LMT Lockheed Martin Corporation Common Stock $6,879,421 0.34% 13,503 $-1,160,350 Up ×1
IXN iShares Global Tech ETF $6,759,063 0.34% 46,782 $2,046,277 Down ×6
WMT Walmart Inc. - Common Stock $6,746,384 0.34% 59,566 $-807,735 Down ×5
VRIG Invesco Variable Rate Investment Grade ETF $6,733,973 0.34% 268,607 $-315,969 Down ×2
TDTF Northern Trust iBoxx 5-Year Target Duration TIPS ETF $6,635,933 0.33% 279,173 $528,628 Up ×6
CAT Caterpillar, Inc. Common Stock $6,561,335 0.33% 6,161 $2,059,514 Down ×3
IYR iShares U.S. Real Estate ETF $6,535,439 0.33% 63,916 $788,590 Up ×6
AXP American Express Company Common Stock $6,476,413 0.32% 19,147 $878,845 Up ×1
PEP PepsiCo, Inc. - Common Stock $6,465,640 0.32% 47,752 $-1,060,222 Down ×2
INTC Intel Corporation - Common Stock $6,332,339 0.32% 45,351 $3,257,367 Down ×2
GLDM SPDR Gold MiniShares Trust $6,236,932 0.31% 78,531 $-338,497 Up ×1
JCPB JPMorgan Core Plus Bond ETF $6,179,909 0.31% 131,655 $951,545 Up ×6
SHYG iShares Trust $6,041,965 0.30% 142,466 $295,571 Up ×4
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $5,990,800 0.30% 8 $-1,190,600 Down ×1
IWF iShares Russell 1000 Growth Fund $5,951,612 0.30% 47,931 $2,662,239 Up ×1
QQQ Invesco QQQ Trust, Series 1 $5,846,813 0.29% 7,940 $828,391 Down ×2
PG Procter & Gamble Company (The) Common Stock $5,841,372 0.29% 39,835 $44,940 Down ×1
VB Vanguard Morningstar Small-Cap ETF $5,648,679 0.28% 18,635 $898,352 Up ×5
XLV SELECT SECTOR SPDR TRUST $5,633,209 0.28% 35,505 $687,279 Up ×3
LLY Eli Lilly and Company Common Stock $5,600,397 0.28% 4,669 $1,315,011 Up ×2
DFE WisdomTree Trust $5,497,007 0.27% 76,379 $124,257 Up ×3
BKGI BNY Mellon ETF Trust $5,380,893 0.27% 119,655 $414,462 Up ×6
NVDA NVIDIA Corporation - Common Stock $5,286,501 0.26% 26,421 $593,634 Down ×6
SPYM State Street SPDR Portfolio S&P 500 ETF $5,182,478 0.26% 58,972 $486,377 Down ×4
TJX TJX Companies, Inc. (The) Common Stock $5,039,656 0.25% 33,265 $-397,340 Down ×3
LOW Lowe's Companies, Inc. Common Stock $4,982,551 0.25% 22,598 $-457,441 Down ×1
GEV GE Vernova Inc. Common Stock $4,905,352 0.24% 4,175 $1,351,603 Up ×2
SRLN State Street Blackstone Senior Loan ETF $4,875,780 0.24% 121,017 $965,491 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
IVE $67,130,702 3.35% up ×3
SPYG $65,348,669 3.26% up ×6
IJH $53,142,396 2.65% up ×6
SPYV $51,659,206 2.58% up ×6
IJR $33,252,457 1.66% up ×6
EFA $31,661,811 1.58% up ×6
VMBS $28,797,995 1.44% up ×6
MBB $24,185,210 1.21% up ×6
EMXC $22,018,408 1.10% up ×6
VNLA $21,957,820 1.10% up ×3
IWO $19,587,150 0.98% up ×6
FBND $15,671,914 0.78% up ×5
IDEV $15,225,071 0.76% up ×4
VYMI $14,942,911 0.75% up ×6
EFG $13,221,134 0.66% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DSCO $8,046,282 322,755 0.40%
CLOA $7,879,834 151,798 0.39%
GNRC $1,170,362 3,997 0.06%
Unknown issuer (CUSIP: 438516205) $792,992 3,542 0.04%
Unknown issuer (CUSIP: 43849R105) $781,739 3,536 0.04%
BIL $741,477 8,091 0.04%
AME $712,029 2,943 0.04%
PANW $498,571 1,462 0.02%
VBIL $350,625 4,633 0.02%
HPQ $301,244 13,730 0.02%
CR $278,391 1,248 0.01%
ARM $258,836 730 0.01%
MBLY $242,000 25,000 0.01%
Unknown issuer (CUSIP: 314352105) $232,691 1,541 0.01%
A $223,051 1,679 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVW Trimmed -44K +$17.4M
IVV Bought more +918 +$11.9M
SPYG Bought more +3K +$11.8M
IJH Bought more +52K +$10.1M
AAPL Trimmed -4K +$7.7M
SPYV Bought more +65K +$7.3M
JSI Trimmed -135K -$7.0M
IJR Bought more +12K +$6.9M
IEF Bought more +67K +$6.3M
EMXC Bought more +7K +$5.7M

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
JAAA June 30, 2026 148,537 $7,481,809
UL (filed as ULXXXX) Dec. 31, 2025 57,077 $3,383,513 -7.0%
VCLT Dec. 31, 2025 33,791 $2,623,871
APA June 30, 2026 41,945 $1,780,146 35.4%
HON June 30, 2026 6,815 $1,540,495 -4.9%
BLV Sept. 30, 2025 16,676 $1,159,649
TT Dec. 31, 2025 1,795 $757,418 22.4%
EZU Dec. 31, 2025 10,631 $658,483 4.5%
XLP March 31, 2026 8,161 $633,946 No longer tracked
ADBE June 30, 2026 1,975 $480,083 16.1%
ROP June 30, 2026 1,268 $448,821 7.1%
APD Dec. 31, 2025 1,555 $424,080 13.8%
DD Dec. 31, 2025 5,062 $394,340 231.5%
IHI March 31, 2026 6,194 $384,957 -3.3%
PAG March 31, 2026 2,258 $357,419 33.1%
PYPL Sept. 30, 2025 4,273 $317,569 -18.6%
CLIP Sept. 30, 2025 3,142 $315,520
CLX Dec. 31, 2025 2,485 $306,401 -17.2%
NEM March 31, 2026 3,062 $305,741 7.5%
WEC March 31, 2026 2,898 $305,623 -10.9%
ACN June 30, 2026 1,538 $304,970 55.4%
CCJ March 31, 2026 3,194 $292,219 -14.4%
AFL Dec. 31, 2025 2,597 $290,085 3.0%
APCB March 31, 2026 9,542 $282,920
GSY Dec. 31, 2025 5,450 $273,776
JPST March 31, 2026 5,409 $273,641
BILS June 30, 2025 2,721 $270,712
ITT Dec. 31, 2025 1,508 $269,570 19.5%
ULTA March 31, 2026 441 $266,809 4.7%
SVT June 30, 2025 25,000 $265,000 No longer tracked
CDNS Dec. 31, 2025 746 $262,040 15.0%
SCHX March 31, 2026 9,600 $258,336 18.4%
ZTS Dec. 31, 2025 1,757 $257,090 -43.3%
IXJ Dec. 31, 2025 2,842 $251,858 4.1%
ITW Dec. 31, 2025 934 $243,571 8.5%
FISV June 30, 2025 1,093 $241,367 -73.6%
ESGU March 31, 2026 1,598 $238,070
SPGI March 31, 2026 451 $235,688 -6.9%
A March 31, 2026 1,724 $234,643 48.6%
GIS June 30, 2025 3,909 $233,730 -37.9%
OXY June 30, 2026 3,592 $233,473 20.1%
HES June 30, 2025 1,437 $229,532 No longer tracked
OTIS March 31, 2026 2,566 $224,140 -13.8%
GEHC Dec. 31, 2025 2,981 $223,873 -21.0%
DOL March 31, 2026 3,336 $219,660
DOW June 30, 2025 6,285 $219,479 6.3%
VGIT Sept. 30, 2025 3,670 $219,476
SYY Dec. 31, 2025 2,644 $217,668 5.1%
OXY June 30, 2025 4,398 $217,085 38.8%
IP Dec. 31, 2025 4,600 $213,440 -18.4%
BR March 31, 2026 950 $212,012 -2.4%
CHTR Sept. 30, 2025 515 $210,537 -60.5%
KVUE June 30, 2025 8,777 $210,472 -16.0%
F June 30, 2025 20,829 $208,915 13.2%
SLYV June 30, 2025 2,661 $208,622 30.4%
APIE March 31, 2026 5,815 $206,491
MRSH June 30, 2026 1,190 $206,355 3.0%
PANW March 31, 2026 1,117 $205,751 161.9%
HDB Sept. 30, 2025 2,677 $205,246 -34.4%
KHC Sept. 30, 2025 7,870 $203,212 -15.4%
GSY June 30, 2026 4,050 $202,986
NOW Sept. 30, 2025 197 $202,532 -25.0%
BSCP Sept. 30, 2025 9,770 $202,044 No longer tracked
STZ June 30, 2025 1,094 $200,771 -28.9%
HPQ March 31, 2026 9,000 $200,520 65.2%
MICC March 31, 2026 10,532 $166,926 14.9%
TLRY Dec. 31, 2025 25,200 $43,596 -58.1%
ATYR Dec. 31, 2025 25,000 $18,035 -63.8%