Sector breakdown

04
Technology 4.4%
Financials 1.7%
Retail 1.4%
Communication Services 1.3%
Healthcare 0.5%
Materials 0.4%
Industrials 0.4%
Consumer Discretionary 0.3%
Energy 0.1%
Consumer Staples 0.1%
Other/Unmapped 89.3%

Full portfolio 78 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $24,962,682 12.89% 350,353 $2,392,982 Down ×6
RSP Invesco Exchange-Traded Fund Trust $18,606,710 9.61% 87,450 $2,273,561 Up ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $10,695,105 5.52% 179,178 $1,321,648 Up ×2
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $8,528,308 4.41% 16,326 $1,264,263 Up ×5
QQQM Invesco NASDAQ 100 ETF $8,309,324 4.29% 27,426 $1,193,633 Down ×1
BSV VANGUARD BOND INDEX FUNDS $7,567,196 3.91% 97,127 $355,784 Up ×2
VXF VANGUARD INDEX FUNDS $6,992,582 3.61% 28,401 $1,101,879 Down ×1
VOE VANGUARD INDEX FUNDS $6,751,505 3.49% 34,168 $633,578 Up ×1
VGSH Vanguard Short-Term Treasury ETF $6,319,544 3.26% 108,583 $259,945 Up ×2
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $5,889,226 3.04% 370,858 $-542,390 Down ×3
SJNK SPDR SERIES TRUST $5,198,130 2.68% 207,676 $254,033 Up ×2
ANGL VanEck ETF Trust $5,053,771 2.61% 172,838 $389,259 Up ×2
BUYW Main BuyWrite ETF $4,973,573 2.57% 344,192 $446,413 Up ×4
SECT Main Sector Rotation ETF $4,954,148 2.56% 68,750 $718,877 Down ×1
VCRB Vanguard Core Bond ETF $4,914,272 2.54% 63,629 $378,407 Up ×2
IWO iShares Trust $4,416,169 2.28% 11,210 $678,413 Down ×1
VBR VANGUARD INDEX FUNDS $4,346,216 2.24% 17,886 $503,991 Up ×6
HGER Harbor ETF Trust $4,051,399 2.09% 138,084 $142,992 Up ×1
STIP iShares Trust $3,730,001 1.93% 36,511 $-24,255 Up ×2
VWOB Vanguard Emerging Markets Government Bond ETF $3,647,323 1.88% 54,243 $236,722 Up ×4
NLR VanEck ETF Trust $2,925,309 1.51% 25,223 $308,662 Up ×2
AAPL Apple Inc. - Common Stock $2,665,412 1.38% 9,211 $-293,665 Down ×1
INTL Main International ETF $2,603,146 1.34% 85,098 $234,085 Up ×2
TMAT Main Thematic Innovation ETF $2,519,806 1.30% 80,171 $491,933 Down ×1
TLH iShares Trust $2,422,928 1.25% 24,145 $171,708 Up ×5
GDX VanEck ETF Trust $2,065,044 1.07% 27,370 $2,556 Up ×1
NODE VanEck Funds $2,061,557 1.06% 47,585 $515,490 Down ×1
REMX VanEck ETF Trust $2,028,954 1.05% 22,926 $9,750 Down ×2
NVDA NVIDIA Corporation - Common Stock $1,482,544 0.77% 7,409 $-618,173 Down ×2
MSFT Microsoft Corporation - Common Stock $1,448,646 0.75% 3,884 $-333,497 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $1,319,578 0.68% 3,692 $101,853 Down ×5
MOAT VanEck ETF Trust $1,316,452 0.68% 12,663 $187,234 Up ×2
AMZN Amazon.com, Inc. - Common Stock $1,166,781 0.60% 4,895 $-75,724 Down ×2
SMHX VanEck Fabless Semiconductor ETF $1,079,849 0.56% 16,902 $103,191 Down ×1
RAAX VanEck ETF Trust $1,045,656 0.54% 26,359 $77,302 Up ×2
AVGO Broadcom Inc. - Common Stock $888,903 0.46% 2,353 $19,363 Down ×5
META Meta Platforms, Inc. - Class A Common Stock $687,288 0.36% 1,220 $-119,855 Down ×2
AU AngloGold Ashanti PLC Ordinary Shares $624,066 0.32% 7,715 Up ×1
COST Costco Wholesale Corporation - Common Stock $575,170 0.30% 615 $-98,235 Down ×1
ITOT iShares Trust $559,996 0.29% 3,409 $74,452
TSLA Tesla, Inc. - Common Stock $550,700 0.28% 1,309 $-22,025 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $542,249 0.28% 1,535 $-2,406 Down ×2
JPM JP Morgan Chase & Co. Common Stock $516,527 0.27% 1,578 $-12,961 Down ×2
WMT Walmart Inc. - Common Stock $498,684 0.26% 4,403 $-109,542 Down ×4
LLY Eli Lilly and Company Common Stock $490,671 0.25% 409 $74,866 Down ×4
BITB Bitwise Bitcoin ETF $489,098 0.25% 15,351 $-161,406 Down ×1
V Visa Inc. $451,894 0.23% 1,317 $22,126 Down ×4
CAT Caterpillar, Inc. Common Stock $435,552 0.22% 409 $130,909 Down ×1
MU Micron Technology, Inc. - Common Stock $400,789 0.21% 347 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $384,800 0.20% 769 $-62,294 Down ×1
EMBX VanEck Funds $381,606 0.20% 7,437 $12,804 Up ×2
JNJ Johnson & Johnson Common Stock $356,350 0.18% 1,403 $-26,665 Down ×1
SCHB SCHWAB STRATEGIC TRUST $345,853 0.18% 11,942 $46,098
LRCX Lam Research Corporation - Common Stock $339,294 0.18% 783 $131,357 Down ×1
MA Mastercard Incorporated Common Stock $336,585 0.17% 655 $-40,520 Down ×4
CB Chubb Limited Common Stock $326,735 0.17% 959 $34,982 Up ×2
AMAT Applied Materials, Inc. - Common Stock $299,934 0.15% 415 Up ×1
IVV iShares Trust $295,812 0.15% 395 $37,794
TSM Taiwan Semiconductor Manufacturing Company Ltd. $295,796 0.15% 619 $50,899 Down ×1
BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock $293,127 0.15% 11,697 $17,807 Down ×2
HSBC HSBC Holdings, plc. Common Stock $289,739 0.15% 3,047 $26,678 Down ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $280,149 0.14% 277 $9,432 Down ×2
AGG iShares Trust $278,629 0.14% 2,815 $-816
HD Home Depot, Inc. (The) Common Stock $267,842 0.14% 759 $-25,380 Down ×4
RY Royal Bank Of Canada Common Stock $257,885 0.13% 1,246 $54,366 Down ×1
GDV Gabelli Dividend & Income Trust Common Shares of Beneficial Interest $256,192 0.13% 8,714 $21,524
GLD SPDR Gold Shares $249,393 0.13% 677 $-41,913
AMD Advanced Micro Devices, Inc. - Common Stock $236,430 0.12% 407 $27,914 Down ×1
XOM Exxon Mobil Corporation Common Stock $235,650 0.12% 1,724 $-67,433 Down ×1
GE GE Aerospace Common Stock $227,602 0.12% 609 $24,139 Down ×2
KLAC KLA Corporation - Common Stock $217,231 0.11% 720 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $214,582 0.11% 428 $-19,003 Down ×3
KO Coca-Cola Company (The) Common Stock $208,070 0.11% 2,560 $2,126 Down ×1
TFPM Triple Flag Precious Metals Corp. Common Shares $208,052 0.11% 6,942 $-28,497 Up ×1
ASX ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares) $206,289 0.11% 4,572 Up ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $201,401 0.10% 2,187
BLK BlackRock, Inc. Common Stock $200,004 0.10% 208 $-23,113 Down ×5
JOBY Joby Aviation, Inc. Common Stock $139,917 0.07% 15,686 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
DIA $8,528,308 4.41% up ×5
BUYW $4,973,573 2.57% up ×4
VBR $4,346,216 2.24% up ×6
VWOB $3,647,323 1.88% up ×4
TLH $2,422,928 1.25% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AU $624,066 7,715 0.32%
MU $400,789 347 0.21%
AMAT $299,934 415 0.15%
KLAC $217,231 720 0.11%
ASX $206,289 4,572 0.11%
ORLY $201,401 2,187 0.10%
JOBY $139,917 15,686 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VEA Trimmed -2K +$2.4M
RSP Bought more +2K +$2.3M
VWO Bought more +6K +$1.3M
DIA Bought more +643 +$1.3M
QQQM Trimmed -3K +$1.2M
VXF Trimmed -222 +$1.1M
SECT Trimmed -1K +$719K
IWO Trimmed -701 +$678K
VOE Bought more +969 +$634K
NVDA Trimmed -5K -$618K

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
UNH June 30, 2025 561 $293,764 19.2%
NFLX June 30, 2026 2,730 $262,490 -6.1%
ABBV June 30, 2025 1,198 $250,935 41.6%
KO Sept. 30, 2025 3,373 $238,674 29.1%
ORLY Dec. 31, 2025 2,135 $230,174 -6.9%
INTU March 31, 2026 345 $228,436 -35.0%
WFC March 31, 2026 2,433 $226,785 1.1%
TJX June 30, 2026 1,405 $224,306 -12.4%
PG Dec. 31, 2025 1,433 $220,135 1.1%
ORLY June 30, 2025 150 $214,887 -5.8%
ICE Sept. 30, 2025 1,167 $214,109 -10.9%
BAC March 31, 2026 3,838 $211,097 10.3%
ABBV June 30, 2026 963 $209,474 4.4%
LOW June 30, 2026 876 $206,981 -18.0%
NEM June 30, 2026 1,873 $202,770 23.7%
HLN Sept. 30, 2025 11,418 $118,405 -1.9%
SAN June 30, 2025 12,469 $83,542 61.0%