Sector breakdown

04
Financials 52.2%
Technology 5.3%
Industrials 4.1%
Communication Services 2.5%
Healthcare 1.4%
Energy 1.2%
Retail 1.1%
Consumer Discretionary 1.0%
Materials 0.8%
Consumer Staples 0.2%
Real Estate 0.2%
Utilities 0.2%
Consumer products 0.2%
Other/Unmapped 29.5%

Full portfolio 241 positions

05
Type Streak 8Q trend
APO Apollo Global Management, Inc. (New) Common Stock $261,406,323 30.28% 2,209,503 $14,135,673 Down ×4
ARES Ares Management Corporation Class A Common Stock $163,637,724 18.96% 1,470,108 $3,420,553 Up ×3
VOO Vanguard S&P 500 ETF $66,012,751 7.65% 96,115 $18,123,363 Up ×6
SPY SPY $39,363,027 4.56% 52,711 $5,599,302 Up ×3
DFAI Dimensional ETF Trust $30,324,914 3.51% 735,149 $2,902,161 Up ×6
DFEM Dimensional ETF Trust $20,908,192 2.42% 514,473 Up ×1
TEX Terex Corporation Common Stock $16,426,884 1.90% 226,922 $3,015,794
Unknown issuer (CUSIP: 89157W863) $14,166,095 1.64% 536,196 $-1,933,455 Down ×1
AAPL Apple Inc. - Common Stock $13,524,397 1.57% 46,739 $3,146,417 Up ×2
IVV iShares Trust $10,181,160 1.18% 13,595 $2,524,886 Up ×1
DSCO DoubleLine Securitized Credit ETF $9,712,116 1.13% 389,577 $654,191 Up ×1
NVDA NVIDIA Corporation - Common Stock $9,498,853 1.10% 47,473 $1,439,327 Up ×2
DHLX Diamond Hill Large Cap Concentrated ETF $9,397,356 1.09% 726,221 $-3,357,169 Down ×1
GLD SPDR Gold Shares $8,157,774 0.94% 22,145 $-1,370,998
GOOGL Alphabet Inc. - Class A Common Stock $7,321,797 0.85% 20,488 $1,262,047 Down ×1
GSSC Goldman Sachs ETF Trust $7,095,010 0.82% 77,745 Up ×1
AMZN Amazon.com, Inc. - Common Stock $7,086,800 0.82% 29,734 $477,977 Down ×1
MSFT Microsoft Corporation - Common Stock $4,924,610 0.57% 13,202 $-667,550 Down ×1
GCAL Goldman Sachs Dynamic California Municipal Income ETF $4,654,282 0.54% 90,902 $1,143,006 Up ×1
DVA DaVita Inc. Common Stock $4,179,064 0.48% 18,784 $1,292,150
VGT Vanguard Information Tech ETF $4,083,760 0.47% 34,168 $1,094,726 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $3,891,771 0.45% 6,909 $72,803 Up ×3
AMCR Amcor plc Ordinary Shares $3,780,901 0.44% 87,218 $328,175 Up ×1
TPL Texas Pacific Land Corporation Common Stock $3,637,227 0.42% 8,311 $-300,672 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,496,554 0.41% 9,896 $1,228,065 Up ×3
AVGO Broadcom Inc. - Common Stock $3,496,457 0.41% 9,256 $453,043 Down ×2
ARCC Ares Capital Corporation - Closed End Fund $2,999,415 0.35% 161,868 $82,554
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,995,400 0.35% 4 $122,840
SNAP Snap Inc. Class A Common Stock $2,405,756 0.28% 541,837 $-62,333 Up ×1
DGRO iShares Trust $2,308,563 0.27% 30,460 $170,880
PKG Packaging Corporation of America Common Stock $2,252,937 0.26% 9,455 $247,458 Up ×1
IWF iShares Russell 1000 Growth Fund $2,181,915 0.25% 17,572 $308,740 Up ×1
PXED Phoenix Education Partners, Inc. Common Stock $2,135,414 0.25% 65,005 $90,514 Up ×1
MU Micron Technology, Inc. - Common Stock $2,120,432 0.25% 1,837 $1,659,618 Up ×1
JPM JP Morgan Chase & Co. Common Stock $2,084,766 0.24% 6,369 $502,479 Up ×1
EFA iShares Trust $2,057,863 0.24% 19,810 $133,718
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,994,055 0.23% 3,985 $-585,957 Down ×1
TSLA Tesla, Inc. - Common Stock $1,888,915 0.22% 4,491 $974,779 Up ×3
VTV Vanguard Morningstar Value ETF $1,856,009 0.21% 8,516 $185,461 Up ×4
LYV Live Nation Entertainment, Inc. Common Stock $1,730,756 0.20% 9,452 $289,231
IWO iShares Russell 2000 Growth Fund $1,650,132 0.19% 4,189 $57,447 Down ×2
VTI Vanguard Morningstar Total Stock Market ETF $1,597,624 0.19% 4,318 $213,309 Up ×6
VEA Vanguard FTSE Developed Markets ETF $1,561,331 0.18% 21,914 $157,647 Up ×1
ITOT iShares Trust $1,527,875 0.18% 9,301 $203,134
IEFA iShares Core MSCI EAFE ETF $1,437,110 0.17% 14,880 $90,024
AMD Advanced Micro Devices, Inc. - Common Stock $1,395,346 0.16% 2,402 $1,057,856 Up ×1
PR Permian Resources Corporation Class A Common Stock $1,393,298 0.16% 75,682 $-199,379 Up ×3
BX Blackstone Inc. Common Stock $1,372,737 0.16% 11,666 $75,418 Up ×3
QQQ Invesco QQQ Trust, Series 1 $1,321,149 0.15% 1,794 $282,765 Down ×1
LLY Eli Lilly and Company Common Stock $1,313,374 0.15% 1,095 $513,173 Up ×3
VWO Vanguard FTSE Emerging Markets ETF $1,295,559 0.15% 21,705 $392,441 Up ×1
WTS Watts Water Technologies, Inc. Class A Common Stock $1,286,696 0.15% 3,287 $283,454 Down ×2
SSD Simpson Manufacturing Company, Inc. Common Stock $1,265,941 0.15% 6,047 $174,610 Down ×2
BCSF Bain Capital Specialty Finance, Inc. Common Stock $1,252,000 0.15% 100,000 $12,000
IAU iShares Gold Trust Shares $1,247,577 0.14% 16,522 $-209,003
V Visa Inc. $1,239,927 0.14% 3,614 $-29,482 Down ×2
NFLX Netflix, Inc. - Common Stock $1,184,383 0.14% 16,588 $-547,186 Down ×1
GEV GE Vernova Inc. Common Stock $1,140,790 0.13% 971 $34,824 Down ×2
GOLF Acushnet Holdings Corp. Common Stock $1,133,029 0.13% 9,559 $192,247 Down ×2
ARDC Ares Dynamic Credit Allocation Fund, Inc. Common Shares $1,122,214 0.13% 88,853 $51,489 Up ×3
RBC RBC Bearings Incorporated Common Stock $1,105,208 0.13% 1,716 $53,184 Down ×2
PRI Primerica, Inc. Common Stock $1,073,139 0.12% 3,776 $81,739 Down ×2
TTC Toro Company (The) Common Stock $1,065,970 0.12% 10,942 $11,967 Down ×1
CARR Carrier Global Corporation Common Stock $1,060,862 0.12% 14,463 $268,300 Up ×3
EPD Enterprise Products Partners L.P. Common Stock $1,017,149 0.12% 27,670 $-29,884
DAR Darling Ingredients Inc. Common Stock $994,466 0.12% 18,207 $-125,702 Up ×2
IWM iShares Russell 2000 Index Fund $973,159 0.11% 3,239 Up ×1
KLAC KLA Corporation - Common Stock $928,965 0.11% 3,079 $528,470 Up ×1
SCHF SCHWAB STRATEGIC TRUST $890,559 0.10% 32,150 $94,844
LSTR Landstar System, Inc. - Common Stock $875,840 0.10% 4,235 $157,331 Down ×1
JNJ Johnson & Johnson Common Stock $869,845 0.10% 3,425 $140,190 Up ×3
COST Costco Wholesale Corporation - Common Stock $862,502 0.10% 922 $245,714 Up ×2
CVX Chevron Corporation Common Stock $853,497 0.10% 5,149 $150,861 Up ×4
GE GE Aerospace Common Stock $832,296 0.10% 2,227 $16,740 Down ×2
INTC Intel Corporation - Common Stock $829,822 0.10% 5,943 Up ×1
ANET Arista Networks, Inc. Common Stock $809,988 0.09% 4,768 $-248,990 Down ×1
TXN Texas Instruments Incorporated - Common Stock $794,654 0.09% 2,666 $-270,399 Down ×2
ABBV AbbVie Inc. Common Stock $792,415 0.09% 3,149 $331,989 Up ×1
WDC Western Digital Corporation - Common Stock $765,826 0.09% 1,199 $480,729 Up ×1
XOM Exxon Mobil Corporation Common Stock $760,163 0.09% 5,560 $163,638 Up ×3
MC Moelis & Company Class A Common Stock $720,144 0.08% 11,008 $23,376 Down ×1
IWR iShares Russell Mid-Cap ETF $712,557 0.08% 6,459 $84,548
EME EMCOR Group, Inc. Common Stock $705,399 0.08% 850 $37,968 Down ×1
FCN FTI Consulting, Inc. Common Stock $702,135 0.08% 4,712 $-171,640 Down ×2
BAC Bank of America Corporation Common Stock $686,665 0.08% 12,051 $228,170 Up ×1
MA Mastercard Incorporated Common Stock $686,170 0.08% 1,336 $-129,774 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $683,147 0.08% 5,816 $326,079 Up ×1
KAI Kadant Inc Common Stock $668,054 0.08% 2,126 $-81,824 Down ×1
VICI VICI Properties Inc. Common Stock $660,272 0.08% 24,869 $-127,609 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $626,770 0.07% 1,508 $332,909 Up ×2
RLI RLI Corp. Common Stock (DE) $616,752 0.07% 10,441 $-51,243 Down ×1
FHB First Hawaiian, Inc. - Common Stock $606,304 0.07% 20,693 $70,556 Down ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $606,219 0.07% 5,196 $136,806 Up ×1
SLV iShares Silver Trust $593,784 0.07% 11,105 $-162,911
IWB iShares Russell 1000 ETF $593,775 0.07% 1,450 $76,763
TSM Taiwan Semiconductor Manufacturing Company Ltd. $570,696 0.07% 1,195 $186,447 Up ×1
LRCX Lam Research Corporation - Common Stock $566,795 0.07% 1,308 $350,571 Up ×1
OTIS Otis Worldwide Corporation Common Stock $563,493 0.07% 7,870 $-9,982 Up ×1
SNDK Sandisk Corporation - Common Stock $532,053 0.06% 234 Up ×1
VOE Vanguard Morningstar Mid-Cap Value ETF $520,874 0.06% 2,636 $-34,918 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ARES $163,637,724 18.96% up ×3
VOO $66,012,751 7.65% up ×6
SPY $39,363,027 4.56% up ×3
DFAI $30,324,914 3.51% up ×6
META $3,891,771 0.45% up ×3
GOOG $3,496,554 0.41% up ×3
TSLA $1,888,915 0.22% up ×3
VTV $1,856,009 0.21% up ×4
VTI $1,597,624 0.19% up ×6
PR $1,393,298 0.16% up ×3
BX $1,372,737 0.16% up ×3
LLY $1,313,374 0.15% up ×3
ARDC $1,122,214 0.13% up ×3
CARR $1,060,862 0.12% up ×3
JNJ $869,845 0.10% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DFEM $20,908,192 514,473 2.42%
GSSC $7,095,010 77,745 0.82%
IWM $973,159 3,239 0.11%
INTC $829,822 5,943 0.10%
SNDK $532,053 234 0.06%
AMAT $500,316 692 0.06%
CAT $464,296 436 0.05%
VZ $389,445 9,198 0.05%
MS $360,385 1,724 0.04%
PANW $358,070 1,050 0.04%
BA $326,653 1,509 0.04%
FTNT $314,152 2,045 0.04%
KKR $314,072 3,422 0.04%
ADI $312,177 786 0.04%
DELL $288,214 668 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +16K +$18.1M
APO Trimmed -10K +$14.1M
SPY Bought more +794 +$5.6M
ARES Bought more +2K +$3.4M
DHLX Trimmed -270K -$3.4M
AAPL Bought more +6K +$3.1M
TEX Price move only +0 +$3.0M
DFAI Bought more +31K +$2.9M
IVV Bought more +2K +$2.5M
· Trimmed -153K -$1.9M

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
RWEM June 30, 2026 615,748 $17,911,557
BERY June 30, 2025 59,550 $4,157,186 No longer tracked
AGG March 31, 2026 39,175 $3,912,799
WM June 30, 2026 4,306 $989,476 -6.7%
HCA June 30, 2025 2,693 $930,567 12.8%
MLM June 30, 2026 1,500 $883,020 -15.2%
FTNT Sept. 30, 2025 8,280 $875,363 127.5%
DIS June 30, 2026 8,847 $852,672 8.1%
SYY June 30, 2026 11,172 $796,897 -7.3%
ZTS June 30, 2026 6,338 $749,215 -0.7%
SBAC June 30, 2026 4,307 $741,277 -3.8%
LULU Sept. 30, 2025 2,822 $670,452 -47.4%
FISV Sept. 30, 2025 3,796 $654,468 -64.7%
INTU June 30, 2026 1,512 $653,761 11.0%
DT Sept. 30, 2025 10,590 $584,673 26.0%
APH Dec. 31, 2025 4,700 $581,626 -34.4%
SSNC Sept. 30, 2025 6,950 $575,459 -12.1%
TRGP Dec. 31, 2025 3,271 $548,023 54.9%
BKNG June 30, 2026 128 $538,921 -11.6%
AMD June 30, 2025 4,755 $488,530 357.7%
AJG June 30, 2025 1,370 $472,980 -28.2%
NVO Sept. 30, 2025 6,789 $468,578 -32.4%
MDY March 31, 2026 759 $457,890
HEI-A (filed as HEIA) March 31, 2026 1,761 $444,530 No longer tracked
HD Dec. 31, 2025 1,055 $427,475 -16.7%
UNH June 30, 2025 786 $411,670 20.6%
DXCM June 30, 2026 6,351 $398,842 23.8%
DHR June 30, 2026 1,992 $377,682 13.2%
RDDT June 30, 2026 2,605 $350,765 -14.2%
CWAN Sept. 30, 2025 15,183 $332,963 No longer tracked
VMC March 31, 2026 1,162 $331,425 -8.6%
EFV March 31, 2026 4,639 $331,271
FICO March 31, 2026 194 $327,981 -34.9%
ADSK June 30, 2026 1,343 $321,514 19.0%
SPOT June 30, 2026 657 $318,585 6.3%
KKR March 31, 2026 2,473 $315,258 -2.0%
IJS Dec. 31, 2025 2,819 $311,753 14.8%
ADBE June 30, 2026 1,273 $309,441 16.1%
GIS June 30, 2026 8,000 $297,759 -7.5%
NEM June 30, 2026 2,709 $293,250 24.6%
MSCI March 31, 2026 506 $290,308 3.0%
SITE June 30, 2026 2,166 $288,316 -20.9%
CEG March 31, 2026 807 $285,088 7.6%
CPRT March 31, 2026 7,279 $284,973 -19.2%
CWST March 31, 2026 2,891 $283,145 3.4%
PG Sept. 30, 2025 1,759 $280,243 -3.4%
PCG June 30, 2026 15,744 $276,622 -25.7%
PCOR March 31, 2026 3,749 $272,702 -4.6%
CBRE March 31, 2026 1,693 $272,217 -3.5%
PLD March 31, 2026 2,032 $259,405 -2.6%
ECG June 30, 2026 2,174 $256,661 -20.0%
OLLI Dec. 31, 2025 1,975 $253,591 -19.9%
ACN Dec. 31, 2025 999 $246,353 -27.9%
CSCO June 30, 2025 3,959 $244,311 70.0%
LPLA March 31, 2026 681 $243,233 10.5%
DHR Dec. 31, 2025 1,220 $241,878 -5.8%
MRK June 30, 2025 2,662 $238,941 79.3%
ADBE Sept. 30, 2025 609 $235,610 -32.5%
NVMI Dec. 31, 2025 731 $233,672 20.1%
SAIA June 30, 2026 664 $233,249 -18.9%
PANW Sept. 30, 2025 1,138 $232,881 106.2%
CSX March 31, 2026 6,392 $231,711 15.7%
LNG June 30, 2026 799 $226,724 15.2%
AJG March 31, 2026 867 $224,371 6.1%
FN Dec. 31, 2025 615 $224,243 7.4%
FDS Dec. 31, 2025 772 $221,170 -6.3%
KO Sept. 30, 2025 3,089 $218,549 29.9%
MKL March 31, 2026 101 $217,115 -9.2%
POOL June 30, 2025 682 $217,114 -45.7%
SNPS March 31, 2026 458 $215,131 27.4%
ACN June 30, 2026 1,082 $214,549 55.4%
BLK Sept. 30, 2025 204 $214,047 -7.4%
EA March 31, 2026 1,045 $213,525 No longer tracked
FOUR March 31, 2026 3,380 $212,837 -12.0%
BCPC June 30, 2026 1,255 $212,697 -2.2%
ADI March 31, 2026 780 $211,536 32.2%
PFE Dec. 31, 2025 8,289 $211,203 10.4%
ENSG March 31, 2026 1,211 $210,956 -14.6%
FN June 30, 2026 404 $210,695 -13.0%
BIPC March 31, 2026 4,635 $210,429 -4.6%
HON June 30, 2026 930 $210,207 -4.9%
SXI June 30, 2026 815 $207,709 -16.9%
BRO March 31, 2026 2,597 $206,981 -6.5%
SHOP March 31, 2026 1,284 $206,685 38.6%
ING Dec. 31, 2025 7,917 $206,476 24.6%
PINS Dec. 31, 2025 6,418 $206,466 -22.6%
USB June 30, 2026 3,945 $205,179 -5.1%
PM Sept. 30, 2025 1,124 $204,713 17.4%
AXP Sept. 30, 2025 640 $204,147 -8.3%
VB Dec. 31, 2025 800 $203,424
SNPS Sept. 30, 2025 394 $201,995 2.4%
WRB June 30, 2025 2,815 $200,316 -5.2%
CCC June 30, 2026 21,799 $130,794 28.9%
CERT March 31, 2026 10,129 $89,236 62.6%
MHLD June 30, 2025 110,000 $62,733 No longer tracked
ALIT June 30, 2026 10,257 $5,977 -19.1%