Sector breakdown

04
Technology 12.9%
Financials 9.4%
Retail 6.3%
Healthcare 6.2%
Communication Services 4.6%
Consumer products 1.8%
Industrials 1.4%
Consumer Discretionary 0.8%
Materials 0.7%
Real Estate 0.5%
Consumer Staples 0.4%
Energy 0.3%
Utilities 0.1%
Other/Unmapped 54.7%

Full portfolio 344 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $244,840,584 5.72% 846,145 $27,220,719 Down ×3
AGG iShares Trust $175,807,561 4.11% 1,776,193 $8,480,321 Up ×6
IJR iShares Trust $136,521,752 3.19% 920,516 $32,345,299 Up ×1
IJH iShares Trust $119,385,367 2.79% 1,548,248 $47,927,934 Up ×6
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $113,278,033 2.64% 4,271,419 $29,704,562 Up ×4
IEMG iShares, Inc. $112,996,770 2.64% 1,364,036 $14,678,308 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $103,515,664 2.42% 289,660 $16,547,311 Down ×4
IGM iShares Expanded Tech Sector ETF $98,647,894 2.30% 603,056 $25,094,141 Down ×5
SDY SPDR SERIES TRUST $96,646,636 2.26% 635,081 $4,788,337 Up ×1
LQDH iShares U.S. ETF Trust $90,145,750 2.10% 967,931 $4,302,312 Up ×6
TLH iShares 10-20 Year Treasury Bond ETF $89,424,513 2.09% 891,126 $2,521,148 Up ×2
STIP iShares 0-5 Year TIPS Bond ETF $86,476,358 2.02% 846,480 $1,077,524 Up ×6
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $83,552,029 1.95% 1,594,200 $2,161,355 Up ×6
IVV iShares Trust $81,316,134 1.90% 108,582 $11,777,121 Up ×1
AMZN Amazon.com, Inc. - Common Stock $79,975,370 1.87% 335,552 $11,787,975 Up ×3
BAI iShares A.I. Innovation and Tech Active ETF $77,234,590 1.80% 1,464,996 $28,509,792 Down ×1
MSFT Microsoft Corporation - Common Stock $76,093,005 1.78% 203,992 $2,874,393 Up ×6
JNJ Johnson & Johnson Common Stock $71,225,845 1.66% 280,450 $2,134,987 Down ×3
VUG Vanguard Morningstar Growth ETF $70,567,452 1.65% 819,218 $10,764,378 Up ×1
COST Costco Wholesale Corporation - Common Stock $70,510,586 1.65% 75,375 $-3,995,555 Up ×4
JPM JP Morgan Chase & Co. Common Stock $70,329,132 1.64% 214,857 $6,845,931 Down ×1
EFA iShares Trust $69,945,578 1.63% 673,331 $6,071,365 Up ×3
IDU iShares U.S. Utilities ETF $69,344,212 1.62% 605,045 $-1,047,522 Down ×6
LLY Eli Lilly and Company Common Stock $68,139,293 1.59% 56,810 $16,002,728 Up ×2
V Visa Inc. $63,998,445 1.49% 186,535 $8,161,369 Up ×4
SPTL State Street SPDR Portfolio Long Term Treasury ETF $58,642,899 1.37% 2,235,719 $386,544 Up ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $57,393,684 1.34% 114,698 $3,669,660 Up ×4
MA Mastercard Incorporated Common Stock $55,804,801 1.30% 108,654 $2,905,288 Up ×4
ASML ASML Holding N.V. - New York Registry Shares $53,082,210 1.24% 26,682 $15,935,291 Down ×3
CL Colgate-Palmolive Company Common Stock $51,672,226 1.21% 563,615 $4,505,462 Up ×6
IUSB iShares Core Universal USD Bond ETF $49,372,122 1.15% 1,069,818 $1,118,187 Up ×6
ADI Analog Devices, Inc. - Common Stock $45,420,414 1.06% 114,360 $6,853,203 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $37,461,399 0.87% 247,270 $-2,430,407 Down ×6
PAVE Global X Funds $36,593,801 0.85% 621,076 $4,550,269 Down ×4
AXP American Express Company Common Stock $35,724,624 0.83% 105,616 $3,861,895 Up ×2
QCOM QUALCOMM Incorporated - Common Stock $35,655,743 0.83% 192,953 $11,129,716 Up ×2
MINT PIMCO ETF Trust $35,577,506 0.83% 352,916 $2,120,270 Up ×6
FLOT iShares Floating Rate Bond ETF $34,769,677 0.81% 681,091 $223,618 Up ×6
SCHZ SCHWAB STRATEGIC TRUST $34,634,446 0.81% 1,497,382 $-1,483,155 Down ×2
VEU Vanguard FTSE All World Ex US ETF $34,044,963 0.79% 406,507 $4,635,303 Up ×1
WMT Walmart Inc. - Common Stock $33,226,311 0.78% 293,363 $-3,747,366 Down ×2
HACK Amplify Cybersecurity ETF $32,420,337 0.76% 308,971 $9,162,851 Down ×1
ISTB iShares Core 1-5 Year USD Bond ETF $31,081,225 0.73% 644,170 $421,788 Up ×6
WM Waste Management, Inc. Common Stock $30,641,387 0.72% 137,479 $-578,321 Up ×4
SCHX SCHWAB STRATEGIC TRUST $28,721,382 0.67% 975,922 $1,955,327 Down ×2
ECL Ecolab Inc. Common Stock $28,673,296 0.67% 102,916 $1,527,878 Up ×3
AFL AFLAC Incorporated Common Stock $27,689,006 0.65% 236,154 $1,722,377 Down ×1
DIS Walt Disney Company (The) Common Stock $26,446,662 0.62% 274,771 $-449,926 Down ×6
ABT Abbott Laboratories Common Stock $25,363,226 0.59% 279,515 $-1,032,603 Up ×4
GOOG Alphabet Inc. - Class C Capital Stock $24,876,955 0.58% 70,407 $4,804,300 Up ×6
BX Blackstone Inc. Common Stock $24,505,866 0.57% 208,259 $1,547,263 Up ×3
NVDA NVIDIA Corporation - Common Stock $24,357,636 0.57% 121,733 $2,168,734 Down ×1
MCD McDonald's Corporation Common Stock $24,026,289 0.56% 88,884 $-2,634,446 Up ×3
ROST Ross Stores, Inc. - Common Stock $23,941,080 0.56% 112,479 $-1,155,752 Down ×3
VZ Verizon Communications Inc. Common Stock $23,775,205 0.56% 561,531 $-3,953,581 Up ×6
PFE Pfizer, Inc. Common Stock $23,504,585 0.55% 976,104 $-2,981,872 Up ×2
COF Capital One Financial Corporation Common Stock $23,287,474 0.54% 116,078 $1,633,037 Down ×6
IMTB iShares Trust $23,060,572 0.54% 528,770 $437,670 Up ×6
EAGG iShares Trust $22,885,725 0.53% 482,719 $1,249,805 Up ×6
SYK Stryker Corporation Common Stock $22,720,556 0.53% 72,165 $-601,395 Up ×2
TMO Thermo Fisher Scientific Inc Common Stock $21,874,311 0.51% 43,630 $1,038,604 Up ×3
GBF iShares Trust $21,834,211 0.51% 210,294 $-1,255 Up ×6
ORLY O'Reilly Automotive, Inc. - Common Stock $21,716,203 0.51% 235,815 $465,426 Up ×6
ICE Intercontinental Exchange Inc. Common Stock $21,033,076 0.49% 170,848 $-5,366,843 Up ×3
AMT American Tower Corporation (REIT) Common Stock $19,089,825 0.45% 116,707 $-457,301 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $18,692,575 0.44% 47,004 $-1,923,797 Up ×6
SPY SPY $17,374,808 0.41% 23,267 $1,903,907 Down ×1
QQQ Invesco QQQ Trust, Series 1 $16,445,577 0.38% 22,332 $1,113,716 Down ×1
IDV iShares International Select Dividend ETF $15,484,981 0.36% 373,763 $-434,560 Down ×5
VV Vanguard Morningstar Large-Cap ETF $15,370,084 0.36% 44,692 $2,167,353 Up ×1
AVGO Broadcom Inc. - Common Stock $14,795,509 0.35% 39,167 $4,386,998 Up ×1
USIG iShares Broad USD Investment Grade Corporate Bond ETF $14,349,401 0.34% 279,770 $177,861 Up ×6
DON WisdomTree Trust $13,561,107 0.32% 239,935 $1,139,907 Up ×1
DES WisdomTree Trust $13,181,031 0.31% 324,017 $1,347,941 Down ×2
MGC VANGUARD WORLD FUND $10,664,552 0.25% 38,974 $1,550,002 Up ×1
TSLA Tesla, Inc. - Common Stock $9,641,834 0.23% 22,924 $496,412 Down ×1
BOND PIMCO Active Bond Exchange-Traded Fund Exchange-Traded Fund $9,356,180 0.22% 101,466 $270,014 Up ×1
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $9,336,830 0.22% 373,623 $288,383 Up ×5
SCHB SCHWAB STRATEGIC TRUST $9,255,334 0.22% 319,590 $1,048,526 Down ×2
LMT Lockheed Martin Corporation Common Stock $8,958,917 0.21% 17,585 $-1,456,741 Up ×2
PG Procter & Gamble Company (The) Common Stock $8,930,077 0.21% 60,898 $543,589 Up ×5
SOXX iShares Trust $8,924,875 0.21% 13,929 $4,356,977 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $8,617,554 0.20% 8,930 Up ×1
KO Coca-Cola Company (The) Common Stock $8,505,414 0.20% 104,656 $726,133 Up ×3
IXP iShares Global Comm Services ETF $8,421,742 0.20% 74,630 $54,581 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $8,266,087 0.19% 14,675 $-76,066 Up ×4
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $8,141,731 0.19% 153,126 $507,683 Up ×6
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $8,094,106 0.19% 134,632 $946,536 Up ×2
RSPT Invesco Exchange-Traded Fund Trust $8,073,809 0.19% 125,175 $2,173,874 Down ×6
SNPS Synopsys, Inc. - Common Stock $7,970,379 0.19% 17,868 $817,880 Down ×3
AMD Advanced Micro Devices, Inc. - Common Stock $7,905,604 0.18% 13,609 $5,034,190 Down ×1
SUSA iShares ESG Optimized MSCI USA ETF $7,332,673 0.17% 47,522 $1,387,400 Up ×6
AMAT Applied Materials, Inc. - Common Stock $6,980,185 0.16% 9,654 $4,561,163 Up ×1
IWB iShares Russell 1000 ETF $6,870,040 0.16% 16,777 $1,175,433 Up ×1
KMB Kimberly-Clark Corporation - Common Stock $6,537,421 0.15% 59,556 $1,081,574 Up ×2
SCHM SCHWAB STRATEGIC TRUST $6,521,713 0.15% 176,884 $920,554 Down ×2
SCHF SCHWAB STRATEGIC TRUST $6,502,783 0.15% 234,758 $577,995 Down ×2
VTV Vanguard Morningstar Value ETF $6,356,696 0.15% 29,169 $753,946 Up ×3
VHT Vanguard Health Care ETF $6,181,055 0.14% 20,672 $908,053 Up ×2
CVX Chevron Corporation Common Stock $6,044,649 0.14% 36,466 $-1,357,310 Up ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AGG $175,807,561 4.11% up ×6
IJH $119,385,367 2.79% up ×6
PYLD $113,278,033 2.64% up ×4
LQDH $90,145,750 2.10% up ×6
STIP $86,476,358 2.02% up ×6
IGSB $83,552,029 1.95% up ×6
AMZN $79,975,370 1.87% up ×3
MSFT $76,093,005 1.78% up ×6
COST $70,510,586 1.65% up ×4
EFA $69,945,578 1.63% up ×3
V $63,998,445 1.49% up ×4
SPTL $58,642,899 1.37% up ×4
BRK-B (filed as BRKB) $57,393,684 1.34% up ×4
MA $55,804,801 1.30% up ×4
CL $51,672,226 1.21% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
STX $8,617,554 8,930 0.20%
WABC $2,121,977 36,168 0.05%
SNDK $1,955,408 860 0.05%
CWBC $1,147,540 42,723 0.03%
WDC $917,841 1,437 0.02%
SOXL $480,078 1,800 0.01%
IGOV $445,134 10,849 0.01%
PANW $381,150 1,118 0.01%
MU $373,990 324 0.01%
CVBF $362,040 16,055 0.01%
MRVL $339,121 1,138 0.01%
ISHG $285,398 3,844 0.01%
MIDD $281,752 1,638 0.01%
BEN $276,707 8,317 0.01%
BWZ $275,177 10,287 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IJH Bought more +490K +$47.9M
IJR Bought more +82K +$32.3M
PYLD Bought more +1.1M +$29.7M
BAI Trimmed -14K +$28.5M
AAPL Trimmed -11K +$27.2M
IGM Trimmed -18K +$25.1M
GOOGL Trimmed -13K +$16.5M
LLY Bought more +126 +$16.0M
ASML Trimmed -1K +$15.9M
IEMG Trimmed -46K +$14.7M

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
ANSS Sept. 30, 2025 70,472 $24,751,176 No longer tracked
UL (filed as ULXXXX) Dec. 31, 2025 133,728 $7,927,415 -7.0%
RAL Sept. 30, 2025 70,101 $3,399,200 68.9%
VXF June 30, 2025 7,590 $1,307,453 23.1%
UBFO June 30, 2026 94,506 $993,257 No longer tracked
SCHK June 30, 2025 24,065 $647,843 24.4%
PANW June 30, 2025 3,100 $528,984 105.2%
PIPR March 31, 2026 1,502 $510,244 -14.2%
PM June 30, 2025 3,104 $492,675 4.5%
AXTI Dec. 31, 2025 101,900 $457,531 414.1%
IWY Dec. 31, 2025 1,589 $434,698
ASPI Sept. 30, 2025 56,964 $419,255 -70.4%
DFUV Sept. 30, 2025 9,388 $396,925
YUM March 31, 2026 2,525 $381,938 -10.1%
SCCR March 31, 2026 14,293 $369,474
ADBE June 30, 2026 1,423 $345,903 16.1%
CRWD June 30, 2025 959 $338,124 -45.2%
NTES March 31, 2026 2,397 $329,875 6.4%
HTBK June 30, 2026 24,700 $308,256 No longer tracked
DFCF Sept. 30, 2025 7,189 $303,807
NKE Dec. 31, 2025 4,273 $297,983 -45.7%
VWO June 30, 2025 6,417 $290,433 22.6%
TSM June 30, 2025 1,719 $285,354 112.9%
UNH June 30, 2025 537 $281,017 20.6%
CRM June 30, 2026 1,493 $278,612 43.6%
NICE June 30, 2025 1,781 $274,577 -31.7%
DFAS Sept. 30, 2025 4,259 $271,341
OTEX March 31, 2026 8,300 $270,414 2.1%
PSK Sept. 30, 2025 8,507 $270,182
APH March 31, 2026 1,974 $266,766 -29.9%
TIP June 30, 2026 2,352 $259,567
UBER June 30, 2026 3,503 $251,971 -4.3%
VO March 31, 2026 853 $247,702 12.8%
VYMI Dec. 31, 2025 2,829 $239,576
BWX Sept. 30, 2025 10,078 $236,732
DUSB Sept. 30, 2025 4,638 $235,379
RDDT March 31, 2026 1,000 $229,870 10.6%
SRE June 30, 2025 3,207 $228,846 5.5%
PANW Dec. 31, 2025 1,114 $226,833 128.0%
SCHR Sept. 30, 2025 8,968 $224,469 -5.3%
ACN June 30, 2026 1,131 $224,266 55.4%
MRSH Sept. 30, 2025 1,010 $220,826 -14.8%
ELV March 31, 2026 614 $215,263 36.7%
GD Dec. 31, 2025 630 $214,790 -1.6%
SRE Dec. 31, 2025 2,328 $209,485 -9.4%
NOW Dec. 31, 2025 314 $209,467 -9.9%
SCHV June 30, 2025 7,850 $208,655 22.2%
TCHP June 30, 2025 5,458 $207,895
VCIT June 30, 2026 2,483 $205,468
MDGL March 31, 2026 350 $203,819 -5.2%
SCHI Sept. 30, 2025 8,950 $203,702 -6.4%
PAYX Dec. 31, 2025 1,604 $203,323 -9.9%
XVV March 31, 2026 3,830 $201,839
VOOG June 30, 2025 602 $201,357 32.9%
IGOV Sept. 30, 2025 4,668 $201,191
SCHC Dec. 31, 2025 4,398 $200,153
REFR Sept. 30, 2025 84,703 $137,219 -54.9%
SNAP June 30, 2026 25,264 $116,214 30.2%
CRF March 31, 2026 10,000 $80,100 No longer tracked
CDLX Dec. 31, 2025 10,000 $24,300 126.1%