Sector breakdown

04
Financials 1.5%
Energy 1.2%
Retail 0.1%
Other/Unmapped 97.2%

Full portfolio 93 positions

05
Type Streak 8Q trend
FDVV FIDELITY COVINGTON TRUST $10,850,658 7.45% 191,403 $-521,157 Down ×1
VUG VANGUARD INDEX FUNDS $8,405,485 5.77% 17,229 $-760,456 Down ×4
FBND Fidelity Merrimack Street Trust $7,032,975 4.83% 152,758 $-704,196 Down ×1
IJH iShares Trust $6,842,468 4.70% 103,674 $-346,783 Down ×2
ILCG iShares Trust $5,137,471 3.53% 49,380 $-71,732 Down ×1
IVV iShares Trust $4,506,707 3.09% 6,580 $89,184 Down ×3
CGCB Capital Group Fixed Income ETF Trust $4,199,996 2.88% 158,371 $-234,831 Down ×2
VTV VANGUARD INDEX FUNDS $3,860,286 2.65% 20,212 $-895,133 Down ×3
ACWX iShares MSCI ACWI ex U.S. ETF $3,719,622 2.55% 55,409 $-550,892 Down ×4
FBCG FIDELITY COVINGTON TRUST $3,352,973 2.30% 61,141 $-397,299 Down ×1
ILCV iShares Trust $2,982,786 2.05% 31,611 $227,468 Up ×1
EFV iShares Trust $2,961,159 2.03% 41,467 $99,154 Down ×1
IVW iShares Trust $2,859,849 1.96% 23,202 $-19,371 Down ×3
IWF iShares Trust $2,838,573 1.95% 5,997 $-469,101 Down ×2
IWD iShares Trust $2,801,880 1.92% 13,321 $217,647 Up ×3
VIG VANGUARD SPECIALIZED FUNDS $2,686,951 1.85% 12,226 $-1,027,066 Down ×4
ISTB iShares Core 1-5 Year USD Bond ETF $2,683,453 1.84% 55,045 $-73,952 Down ×3
FFSM FIDELITY COVINGTON TRUST $2,409,514 1.65% 78,511 $735,975 Up ×2
IUSB iShares Core Universal USD Bond ETF $2,193,395 1.51% 47,129 $-177,475 Down ×1
FDHY Fidelity Covington Trust $2,167,010 1.49% 43,929 $-157,112 Down ×3
IXN iShares Trust $2,110,930 1.45% 20,104 $-15,375 Down ×4
SPYM State Street SPDR Portfolio S&P 500 ETF $2,096,471 1.44% 26,134 $144,196 Up ×1
SPY SPY $2,092,471 1.44% 3,068 $87,991 Up ×3
IWP iShares Trust $1,947,491 1.34% 14,221 $-133,440 Down ×4
VBK VANGUARD INDEX FUNDS $1,790,513 1.23% 5,927 $-366,992 Down ×4
XOM Exxon Mobil Corporation Common Stock $1,720,640 1.18% 14,298 $91,739 Down ×2
IVE iShares Trust $1,670,021 1.15% 7,875 $24,164 Down ×2
VV VANGUARD INDEX FUNDS $1,544,569 1.06% 4,907 $-1,135,411 Down ×2
IYE iShares Trust $1,447,386 0.99% 30,452 $-61,038 Down ×4
IEFA iShares Trust $1,398,682 0.96% 15,635 $-40,710 Down ×4
GOVT iShares Trust $1,398,258 0.96% 60,728 $-23,248 Down ×1
ONEQ Fidelity Nasdaq Composite Index ETF $1,387,292 0.95% 15,178 $-48,310 Down ×2
HWC Hancock Whitney Corporation - Common Stock $1,348,494 0.93% 21,176 $22,658
ILCB iShares Trust $1,344,142 0.92% 14,242 $27,914
VOT VANGUARD INDEX FUNDS $1,317,854 0.90% 4,721 $-113,064 Down ×2
DYNF BlackRock ETF Trust $1,308,448 0.90% 21,517 $114,838 Up ×1
FDEM Fidelity Covington Trust $1,290,638 0.89% 41,795 $-5,334 Down ×1
VOE VANGUARD INDEX FUNDS $1,280,807 0.88% 7,221 $19,472 Down ×4
IJS iShares Trust $1,214,236 0.83% 10,677 $33,436
FIDI Fidelity Covington Trust $1,205,416 0.83% 46,523 $53,695 Down ×2
QUAL iShares Trust $1,152,232 0.79% 5,801 $-107,380 Down ×1
VCR VANGUARD WORLD FUND $1,142,706 0.78% 2,901 $-6,469
IWS iShares Trust $1,104,950 0.76% 7,834 $-5,614 Down ×1
VBR VANGUARD INDEX FUNDS $1,082,552 0.74% 5,111 $15,814
VB VANGUARD INDEX FUNDS $985,674 0.68% 3,821 $-839,845 Down ×1
OEF iShares Trust $980,538 0.67% 2,859 $-167,628 Down ×1
IUSV iShares Core S&P U.S. Value ETF $958,632 0.66% 9,349 $85,696 Up ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $929,367 0.64% 17,287 $-31,664 Down ×4
EFG iShares Trust $907,091 0.62% 7,963 $69,126 Up ×2
VEA VANGUARD TAX-MANAGED FUNDS $850,733 0.58% 13,618 $-140,764 Down ×4
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $850,068 0.58% 11,556 $-237,889 Down ×4
IDHQ Invesco Exchange-Traded Fund Trust II $833,861 0.57% 23,723 $35,515 Down ×1
VHT VANGUARD WORLD FUND $823,750 0.57% 2,862 $53,355 Down ×4
AVEM AMERICAN CENTURY ETF TRUST $796,010 0.55% 10,335 $21,303 Up ×1
DFCF Dimensional ETF Trust $772,975 0.53% 18,162 $97,752 Up ×1
IYH iShares Trust $740,909 0.51% 11,381 $-371,918 Down ×4
AGG iShares Trust $668,701 0.46% 6,695 $-26,295 Down ×1
GOVZ iShares Trust $628,154 0.43% 67,909 $6,487 Up ×2
VAW VANGUARD WORLD FUND $621,215 0.43% 2,993 $7,178 Down ×4
IEV iShares Trust $610,548 0.42% 8,900 $2,404 Down ×2
IYW iShares Trust $600,014 0.41% 3,005 $9,073 Down ×1
EFA iShares Trust $587,240 0.40% 6,115 $16,266
TLT iShares 20+ Year Treasury Bond ETF $582,644 0.40% 6,685 $-7,952 Up ×1
QQQ Invesco QQQ Trust, Series 1 $579,069 0.40% 943 $13,140
VYM VANGUARD WHITEHALL FUNDS $545,818 0.37% 3,803 $9,774
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $545,493 0.37% 904 $-331,782 Down ×1
IJK iShares Trust $512,902 0.35% 5,294 $5,241
IVLU iShares Trust $512,274 0.35% 13,463 $13,241 Down ×1
LVHI Legg Mason ETF Investment Trust $494,379 0.34% 13,427 $27,794
AOM iShares Trust $492,096 0.34% 10,310 $1,546
FLTB Fidelity Merrimack Street Trust $457,802 0.31% 9,037 $-87,784 Down ×1
IAT iShares Trust $446,106 0.31% 8,089 $-253,800 Down ×3
SCHZ SCHWAB STRATEGIC TRUST $430,589 0.30% 18,425 $-121,579 Down ×3
JPM JP Morgan Chase & Co. Common Stock $415,734 0.29% 1,290 $9,376 Up ×3
EMGF iShares, Inc. $412,145 0.28% 7,124 $27,502 Up ×1
IWO iShares Trust $403,504 0.28% 1,249 $2,255 Down ×4
FDEV Fidelity Covington Trust $396,664 0.27% 11,461 $18,949 Up ×2
AFL AFLAC Incorporated Common Stock $389,986 0.27% 3,537 $-25,745 Down ×3
VCRB Vanguard Core Bond ETF $375,873 0.26% 4,825 $98,526 Up ×2
VGT VANGUARD WORLD FUND $345,257 0.24% 458 $3,275
NYF iShares Trust $316,940 0.22% 5,923 $948
IAU iShares Gold Trust Shares $284,826 0.20% 3,509 $659 Down ×1
TLH iShares Trust $282,770 0.19% 2,781 $13,528 Up ×1
EEM iShares, Inc. $263,516 0.18% 4,817 $6,310
IJR iShares Trust $256,573 0.18% 2,135 $-7,283 Down ×4
FDRR FIDELITY COVINGTON TRUST $254,398 0.17% 4,169
FDMO FIDELITY COVINGTON TRUST $249,691 0.17% 2,974 $10,891 Up ×1
IEMG iShares, Inc. $240,344 0.17% 3,575 Up ×1
FIVA Fidelity Covington Trust $239,101 0.16% 6,985 Up ×1
FSEC Fidelity Merrimack Street Trust $230,027 0.16% 5,212 $-4,416 Down ×1
DVY iShares Select Dividend ETF $214,456 0.15% 1,519 $-1,410
SPMO Invesco Exchange-Traded Fund Trust II $212,192 0.15% 1,778 Up ×1
HD Home Depot, Inc. (The) Common Stock $202,857 0.14% 590 $-327,680 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
IWD $2,801,880 1.92% up ×3
SPY $2,092,471 1.44% up ×3
JPM $415,734 0.29% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FDRR $254,398 4,169 0.17%
IEMG $240,344 3,575 0.17%
FIVA $239,101 6,985 0.16%
SPMO $212,192 1,778 0.15%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VV Trimmed -4K -$1.1M
VIG Trimmed -5K -$1.0M
VTV Trimmed -5K -$895K
VB Trimmed -3K -$840K
VUG Trimmed -2K -$760K
FFSM Bought more +21K +$736K
FBND Trimmed -15K -$704K
ACWX Trimmed -10K -$551K
FDVV Trimmed -13K -$521K
IWF Trimmed -1K -$469K

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
GOVT June 30, 2025 99,727 $2,292,221
VO Dec. 31, 2025 1,262 $370,828
MUB June 30, 2025 3,292 $347,160
UNH June 30, 2025 625 $327,417 19.2%
EMXC June 30, 2025 5,497 $302,816
SPTL Sept. 30, 2025 10,660 $283,343
JHMM June 30, 2025 4,548 $260,600
IWS June 30, 2025 2,037 $256,643 23.5%
FLRG Dec. 31, 2025 6,268 $240,991
FDRR Sept. 30, 2025 4,282 $232,183
MSFT Dec. 31, 2025 429 $222,147 7.0%
EWJ Dec. 31, 2025 2,758 $221,222
SUB Sept. 30, 2025 1,921 $204,318
UNH Dec. 31, 2025 580 $200,293 12.7%