Sector breakdown

04
Technology 7.7%
Communication Services 1.5%
Industrials 1.4%
Financials 1.2%
Retail 0.9%
Healthcare 0.9%
Consumer Discretionary 0.9%
Materials 0.8%
Utilities 0.6%
Energy 0.3%
Consumer Staples 0.1%
Consumer products 0.1%
Real Estate 0.0%
Other/Unmapped 83.7%

Full portfolio 273 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $67,330,372 6.69% 766,163 $-4,357,567 Down ×1
FNDX SCHWAB STRATEGIC TRUST $56,424,590 5.61% 1,814,296 $27,244,727 Up ×6
VUG Vanguard Morningstar Growth ETF $44,923,413 4.46% 521,516 $26,219,125 Up ×2
VEA Vanguard FTSE Developed Markets ETF $37,504,434 3.73% 526,378 $22,535,171 Up ×5
VO Vanguard Morningstar Mid-Cap ETF $35,569,239 3.53% 441,470 $23,320,706 Up ×4
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $33,294,362 3.31% 279,808 $5,988,920 Up ×2
QQQM Invesco NASDAQ 100 ETF $31,823,151 3.16% 105,037 $6,028,619 Down ×1
VOO Vanguard S&P 500 ETF $28,610,565 2.84% 41,657 $7,934,270 Up ×6
DGRO iShares Trust $16,399,831 1.63% 216,385 $1,034,692 Down ×2
NVDA NVIDIA Corporation - Common Stock $15,763,628 1.57% 78,783 $2,254,399 Up ×2
IMCG iShares Trust $15,692,876 1.56% 159,643 $2,989,579 Down ×1
STPZ PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund $15,435,625 1.53% 289,382 $539,464 Up ×6
AGG iShares Trust $14,853,837 1.48% 150,069 $687,112 Up ×1
PAVE Global X Funds $14,122,188 1.40% 239,684 $-5,852,227 Down ×1
SPY SPY $14,101,508 1.40% 18,883 $2,185,738 Up ×1
VBR Vanguard Morningstar Small-Cap Value ETF $14,005,073 1.39% 57,636 $1,367,768 Down ×2
VOE Vanguard Morningstar Mid-Cap Value ETF $13,935,545 1.38% 70,524 $1,250,320 Up ×2
IHDG WisdomTree Trust $12,988,168 1.29% 247,960 $-15,269,451 Down ×2
IVV iShares Trust $12,954,157 1.29% 17,298 $2,446,303 Up ×1
VOT Vanguard Morningstar Mid-Cap Growth ETF $12,661,773 1.26% 41,338 $2,021,795 Down ×2
VYMI Vanguard International High Dividend Yield ETF $11,322,182 1.13% 115,297 $694,593 Up ×6
AAPL Apple Inc. - Common Stock $10,870,073 1.08% 37,566 $1,393,772 Up ×2
QUS SPDR SERIES TRUST $10,657,928 1.06% 57,036 $695,950 Down ×4
GLD SPDR Gold Shares $10,627,026 1.06% 28,848 $-1,226,173 Up ×1
EFG iShares Trust $10,393,248 1.03% 83,534 $1,438,218 Up ×5
VTV Vanguard Morningstar Value ETF $9,688,233 0.96% 44,456 $2,583,087 Up ×1
VYM Vanguard High Dividend Yield ETF $9,232,341 0.92% 58,421 $357,795 Down ×1
IWM iShares Russell 2000 Index Fund $9,207,420 0.91% 30,645 $398,479 Down ×1
SPHQ Invesco S&P 500 Quality ETF $9,172,418 0.91% 101,803 $1,612,002 Up ×1
QEFA SPDR INDEX SHARES FUNDS $8,401,619 0.83% 87,503 $-41,395 Down ×1
IQLT iShares Trust $7,838,410 0.78% 158,192 $542,824 Up ×6
ISCF iShares International Small-Cap Equity Factor ETF $7,799,238 0.77% 180,163 $202,274 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $7,693,611 0.76% 16,110 $2,308,665 Up ×1
TPYP Tortoise North American Pipeline ETF $7,350,711 0.73% 175,309 Up ×1
IEFA iShares Core MSCI EAFE ETF $7,152,905 0.71% 74,062 $724,636 Up ×2
AMZN Amazon.com, Inc. - Common Stock $7,003,534 0.70% 29,385 $896,925 Up ×1
SCHD SCHWAB STRATEGIC TRUST $6,971,526 0.69% 219,853 $716,467 Up ×3
IWF iShares Russell 1000 Growth Fund $6,896,981 0.69% 55,545 $972,107 Up ×3
QQQ Invesco QQQ Trust, Series 1 $6,564,492 0.65% 8,914 $2,104,043 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $6,498,751 0.65% 18,185 $1,401,003 Up ×6
AMLP ALPS ETF Trust $6,354,934 0.63% 122,564 $49,581 Up ×1
IYW iShares U.S. Technology ETF $6,129,805 0.61% 24,302 $1,370,627 Down ×1
MSFT Microsoft Corporation - Common Stock $5,875,856 0.58% 15,752 $511,131 Up ×5
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $5,646,027 0.56% 29,445 $981,257 Up ×5
DTCR Global X Data Center & Digital Infrastructure ETF $5,561,567 0.55% 183,127 $1,228,569 Up ×2
LLY Eli Lilly and Company Common Stock $5,123,159 0.51% 4,271 $1,320,576 Up ×6
IFRA iShares U.S. Infrastructure ETF $5,007,676 0.50% 79,437 $567,133 Up ×2
IYF iShares U.S. Financial ETF $4,752,130 0.47% 37,269 $514,950 Up ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $4,662,785 0.46% 6,110 $2,299,633 Up ×3
MU Micron Technology, Inc. - Common Stock $4,390,117 0.44% 3,803 $2,648,890 Down ×1
SPGP Invesco S&P 500 GARP ETF $4,241,359 0.42% 34,683 $413,728 Down ×3
AMD Advanced Micro Devices, Inc. - Common Stock $4,236,954 0.42% 7,294 $2,463,858 Down ×1
IBB iShares Trust $4,220,667 0.42% 22,192 $651,660 Up ×2
SLV iShares Silver Trust $4,154,672 0.41% 77,701 $-901,793 Up ×1
GEV GE Vernova Inc. Common Stock $4,055,245 0.40% 3,452 $999,127 Down ×4
FCX Freeport-McMoRan, Inc. Common Stock $4,042,104 0.40% 64,273 $-1,189,126 Down ×1
FEZ SPDR INDEX SHARES FUNDS $4,035,936 0.40% 58,764 $686,925 Up ×3
IEMG iShares, Inc. $4,028,650 0.40% 48,632 $-464,197 Down ×1
IWP iShares Russell Midcap Growth ETF $4,025,250 0.40% 27,493 $550,521 Up ×3
AMAT Applied Materials, Inc. - Common Stock $3,860,881 0.38% 5,340 $2,884,099 Up ×2
IAU iShares Gold Trust Shares $3,859,467 0.38% 51,112 $-48,445 Up ×1
VIG Vanguard Div Appreciation ETF $3,697,523 0.37% 15,626 $491,354 Up ×4
GHC Graham Holdings Company Common Stock $3,626,539 0.36% 3,177 $272,959 Up ×6
AIQ Global X Artificial Intelligence & Technology ETF $3,616,349 0.36% 55,119 $890,967 Down ×1
IUSG iShares Core S&P U.S. Growth ETF $3,612,630 0.36% 19,207 $605,860 Down ×1
VLUE iShares MSCI USA Value Factor ETF $3,600,276 0.36% 18,019 $1,056,649 Up ×1
ROBO EXCHANGE TRADED CONCEPTS TRUST $3,538,303 0.35% 41,306 $804,568 Up ×3
RTX RTX Corporation Common Stock $3,464,236 0.34% 18,259 $-43,406 Up ×3
TSLA Tesla, Inc. - Common Stock $3,293,298 0.33% 7,830 $707,405 Up ×2
SCZ iShares MSCI EAFE Small-Cap ETF $3,266,293 0.32% 39,702 $278,984 Up ×2
IWD iShares Russell 1000 Value ETF $3,258,090 0.32% 13,439 $327,836 Down ×1
BLOK Amplify ETF Trust $3,183,286 0.32% 50,827 $804,717 Up ×1
MGK VANGUARD WORLD FUND $3,138,126 0.31% 35,697 $602,560 Up ×3
URA Global X Uranium ETF $3,121,872 0.31% 71,439 $-944,248 Down ×5
SCHO SCHWAB STRATEGIC TRUST $3,106,500 0.31% 128,687 $-5,259,465 Down ×1
IUSV iShares Core S&P U.S. Value ETF $3,071,745 0.31% 27,887 $248,913 Up ×2
CSB VictoryShares US Small Cap High Div Volatility Wtd ETF $2,976,711 0.30% 45,382 $71,590 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $2,905,653 0.29% 8,224 $856,777 Up ×2
IBM International Business Machines Corporation Common Stock $2,902,168 0.29% 10,320 $460,050 Up ×3
KLAC KLA Corporation - Common Stock $2,723,334 0.27% 9,026 $1,396,563 Up ×2
IJR iShares Trust $2,576,753 0.26% 17,374 $876,149 Up ×3
DVY iShares Select Dividend ETF $2,474,379 0.25% 15,831 $545,261 Up ×1
AVGO Broadcom Inc. - Common Stock $2,431,043 0.24% 6,436 $495,891 Up ×5
MGC VANGUARD WORLD FUND $2,387,884 0.24% 8,727 $373,843 Up ×1
IUS Invesco RAFI Strategic US ETF $2,380,587 0.24% 36,301 $454,463 Up ×3
IEI iShares 3-7 Year Treasury Bond ETF $2,374,755 0.24% 20,219 $-34,447 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $2,356,604 0.23% 5,530 $432,941 Up ×1
FXI iShares China Large-Cap ETF $2,299,524 0.23% 72,793 $33,218 Up ×3
SDY SPDR SERIES TRUST $2,286,285 0.23% 15,024 $88,464 Down ×1
IVW iShares S&P 500 Growth ETF $2,252,370 0.22% 16,377 $418,210 Up ×2
NEM Newmont Corporation $2,250,495 0.22% 24,095 $1,401,562 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $2,143,573 0.21% 8,631 $-204,052 Up ×1
IWO iShares Russell 2000 Growth Fund $2,127,447 0.21% 5,400 $431,918 Down ×2
JPM JP Morgan Chase & Co. Common Stock $2,110,810 0.21% 6,449 $452,138 Up ×4
PANW Palo Alto Networks, Inc. - Common Stock $2,063,512 0.21% 6,051 $957,785 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $2,052,887 0.20% 3,644 $121,674 Up ×2
NOW ServiceNow, Inc. Common Stock $2,034,744 0.20% 20,495 $77,359 Up ×3
FIW First Trust Exchange-Traded Fund $1,998,721 0.20% 18,250 $39,873 Down ×1
VIGI Vanguard International Dividend Appreciation ETF $1,970,339 0.20% 21,100 $250,484 Up ×3
IWS iShares Russell Mid-Cap Value ETF $1,921,454 0.19% 11,673 $169,983 Down ×4

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
FNDX $56,424,590 5.61% up ×6
VEA $37,504,434 3.73% up ×5
VO $35,569,239 3.53% up ×4
VOO $28,610,565 2.84% up ×6
STPZ $15,435,625 1.53% up ×6
VYMI $11,322,182 1.13% up ×6
EFG $10,393,248 1.03% up ×5
IQLT $7,838,410 0.78% up ×6
SCHD $6,971,526 0.69% up ×3
IWF $6,896,981 0.69% up ×3
GOOGL $6,498,751 0.65% up ×6
MSFT $5,875,856 0.58% up ×5
GRID $5,646,027 0.56% up ×5
LLY $5,123,159 0.51% up ×6
CRWD $4,662,785 0.46% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TPYP $7,350,711 175,309 0.73%
MAR $1,242,924 3,354 0.12%
TBIL $1,039,996 20,858 0.10%
FXZ $687,783 8,658 0.07%
RKLB $679,327 6,683 0.07%
ITA $519,619 2,143 0.05%
CWB $497,659 4,616 0.05%
AXP $495,233 1,464 0.05%
XLY $452,573 3,859 0.04%
INTC $428,717 3,070 0.04%
VWO $419,677 7,031 0.04%
CSCO $281,540 2,397 0.03%
Unknown issuer (CUSIP: 438516205) $272,486 1,217 0.03%
CSX $269,851 5,677 0.03%
Unknown issuer (CUSIP: 43849R105) $269,054 1,217 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
FNDX Bought more +767K +$27.2M
VUG Bought more +479K +$26.2M
VO Bought more +399K +$23.3M
VEA Bought more +293K +$22.5M
IHDG Trimmed -339K -$15.3M
VOO Bought more +7K +$7.9M
QQQM Trimmed -4K +$6.0M
SPYG Bought more +925 +$6.0M
PAVE Trimmed -153K -$5.9M
SCHO Trimmed -216K -$5.3M

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
RWK Sept. 30, 2025 46,682 $5,456,662 13.1%
PFF Sept. 30, 2025 169,283 $5,193,612
MOAT June 30, 2026 51,781 $5,007,229
INDA Sept. 30, 2025 53,764 $2,993,563
ADBE March 31, 2026 7,126 $2,494,029 -2.0%
CPER March 31, 2026 54,183 $1,894,238
IAK Sept. 30, 2025 13,972 $1,878,700
FISV Dec. 31, 2025 12,624 $1,627,612 -31.2%
ARE Dec. 31, 2025 18,311 $1,526,039 -5.3%
BIV March 31, 2026 16,762 $1,305,398
SIVR March 31, 2026 11,085 $749,789
HYGH Dec. 31, 2025 6,427 $558,121
LULU March 31, 2026 2,673 $555,476 -38.9%
HON June 30, 2026 2,423 $547,678 -5.2%
MOG-A (filed as MOGA) June 30, 2026 1,408 $412,037 No longer tracked
CI March 31, 2026 1,206 $331,946 1.9%
EFV June 30, 2025 5,429 $319,991
FDL Sept. 30, 2025 6,873 $287,765
UNH June 30, 2025 538 $281,532 20.6%
MOG-B (filed as MOGB) June 30, 2026 954 $281,339 No longer tracked
IBDQ Dec. 31, 2025 10,816 $272,458
UL (filed as ULXXXX) Dec. 31, 2025 4,484 $265,822 -7.0%
BABA June 30, 2026 2,037 $255,562 13.5%
TER March 31, 2026 1,310 $253,473 45.2%
INTU March 31, 2026 383 $253,381 -33.0%
HDB March 31, 2026 6,633 $242,354 -9.9%
STM March 31, 2026 9,225 $239,298 69.0%
KGC June 30, 2026 7,680 $234,383 0.8%
MCK June 30, 2026 263 $227,591 21.6%
RING June 30, 2026 2,851 $225,201
XLK Dec. 31, 2025 772 $217,625 40.8%
AXP March 31, 2026 577 $213,380 1.1%
OGE Dec. 31, 2025 4,602 $212,941 6.4%
CSCO Sept. 30, 2025 3,043 $211,093 72.4%
RWR June 30, 2025 2,119 $210,078 10.2%
HON Dec. 31, 2025 997 $209,808 8.7%
MELI Dec. 31, 2025 89 $207,988 -7.8%
JBL June 30, 2025 1,521 $206,929 41.8%
TSCO June 30, 2025 3,743 $206,240 -39.6%
TXN Dec. 31, 2025 1,117 $205,279 70.7%
ISCV June 30, 2026 2,953 $205,244 -2.7%
FDX June 30, 2025 842 $205,200 27.2%
FDL June 30, 2026 4,034 $204,908
NKE Sept. 30, 2025 2,861 $203,252 -50.4%
NOK Sept. 30, 2025 10,000 $51,800 128.1%