Sector breakdown

04
Technology 3.3%
Communication Services 0.9%
Financials 0.8%
Consumer Discretionary 0.4%
Retail 0.4%
Healthcare 0.4%
Industrials 0.4%
Energy 0.2%
Consumer Staples 0.1%
Utilities 0.0%
Materials 0.0%
Other/Unmapped 93.1%

Full portfolio 161 positions

05
Type Streak 8Q trend
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $44,455,055 7.36% 373,603 $7,917,833 Up ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $43,316,959 7.17% 712,567 $3,795,610 Up ×6
SPDW State Street SPDR Portfolio Developed World ex-US ETF $32,895,478 5.44% 652,818 $2,958,770 Down ×2
IEFA iShares Core MSCI EAFE ETF $20,882,930 3.46% 216,224 $1,921,487 Up ×6
USTB VictoryShares Short-Term Bond ETF $17,699,941 2.93% 349,663 $799,696 Up ×4
AVEM AMERICAN CENTURY ETF TRUST $16,554,829 2.74% 171,570 $2,636,790 Down ×1
MDYV SPDR SERIES TRUST $16,228,617 2.69% 171,098 $1,801,441 Up ×1
SPEM State Street SPDR Portfolio Emerging Markets ETF $13,973,973 2.31% 269,872 $1,492,205 Up ×1
JTEK JPMorgan U.S. Tech Leaders ETF $13,422,112 2.22% 120,322 $3,957,886 Up ×2
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $13,262,679 2.19% 500,101 $1,058,483 Up ×4
QUAL iShares Trust $12,426,150 2.06% 56,629 $1,497,735 Down ×1
REET iShares Trust $12,135,552 2.01% 439,376 $1,239,678 Up ×3
JHML John Hancock Multifactor Large Cap ETF $12,089,060 2.00% 135,558 $1,685,062 Up ×6
DFCF Dimensional ETF Trust $11,911,770 1.97% 282,203 $794,165 Up ×4
DFAX Dimensional ETF Trust $11,748,620 1.94% 318,909 $978,336 Up ×1
VUG Vanguard Morningstar Growth ETF $11,420,936 1.89% 132,586 $1,737,610 Up ×1
MDYG SPDR SERIES TRUST $10,250,055 1.70% 91,445 $1,512,321 Up ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $10,144,544 1.68% 397,513 $962,461 Up ×6
SPIP State Street SPDR Portfolio TIPS ETF $9,551,518 1.58% 371,944 $534,597 Up ×6
SPYM State Street SPDR Portfolio S&P 500 ETF $9,505,881 1.57% 108,169 $1,676,845 Up ×6
FDG AMERICAN CENTURY ETF TRUST $9,450,663 1.56% 71,005 $1,972,161 Up ×5
OMFL Invesco Exchange-Traded Self-Indexed Fund Trust $9,163,056 1.52% 133,689 $600,123 Down ×6
USRT iShares Core U.S. REIT ETF $8,804,726 1.46% 132,502 $1,083,966 Up ×3
RAAX VanEck ETF Trust $8,679,122 1.44% 218,783 $131,976 Up ×2
HMOP Hartford Funds Exchange-Traded Trust $8,170,692 1.35% 208,729 $84,601 Up ×1
FMB First Trust Managed Municipal ETF $7,847,313 1.30% 152,769 $133,166 Up ×1
AVUV AMERICAN CENTURY ETF TRUST $7,649,001 1.27% 61,310 $843,756 Down ×2
VONG Vanguard Russell 1000 Growth ETF $7,429,656 1.23% 58,130 $971,284 Down ×5
VOO Vanguard S&P 500 ETF $7,384,430 1.22% 10,752 $978,648 Up ×1
MUNI PIMCO ETF Trust $7,266,953 1.20% 138,155 $214,623 Up ×6
EFA iShares Trust $7,049,759 1.17% 67,864 $312,568 Down ×2
PVAL Putnam Focused Large Cap Value ETF $6,749,347 1.12% 132,470 $650,995 Up ×1
AAPL Apple Inc. - Common Stock $6,591,248 1.09% 22,779 $952,045 Up ×2
FIXD First Trust Smith Opportunistic Fixed Income ETF $6,245,541 1.03% 143,214 $303,039 Up ×5
IJR iShares Trust $6,177,491 1.02% 41,653 $1,031,918 Up ×1
JMST JPMorgan Ultra-Short Municipal Income ETF $5,911,475 0.98% 115,911 $533,501 Up ×6
JBND JPMorgan Active Bond ETF $5,863,814 0.97% 109,604 $344,108 Up ×4
SLYG SPDR SERIES TRUST $5,799,801 0.96% 48,685 $1,040,657 Down ×6
DYNF BlackRock ETF Trust $5,175,085 0.86% 76,093 $702,788 Down ×2
IVV iShares Trust $4,543,033 0.75% 6,066 $584,348 Up ×1
JHMM John Hancock Multifactor Mid Cap ETF $4,408,544 0.73% 58,812 $474,016 Up ×3
VTV Vanguard Morningstar Value ETF $4,383,263 0.73% 20,113 $440,429 Up ×1
NVDA NVIDIA Corporation - Common Stock $3,575,917 0.59% 17,872 $1,020,892 Up ×1
FNOV First Trust Exchange-Traded Fund VIII $3,352,257 0.55% 57,313 $313,170 Up ×1
DFAI Dimensional ETF Trust $3,148,049 0.52% 76,316 $-364,091 Down ×6
DFAU Dimensional ETF Trust $3,099,820 0.51% 59,969 $347,075 Down ×6
CGXU Capital Group International Focus Equity ETF $2,986,183 0.49% 86,256 $710,469 Up ×6
IVVB iShares Large Cap Deep Quarterly Laddered ETF $2,509,151 0.42% 72,456 $276,604 Up ×4
VOT Vanguard Morningstar Mid-Cap Growth ETF $2,481,214 0.41% 8,101 $348,002 Down ×3
FNDE SCHWAB STRATEGIC TRUST $2,425,678 0.40% 61,131 $97,978 Up ×1
IJH iShares Trust $2,368,873 0.39% 30,721 $345,114 Up ×1
FSEP First Trust Exchange-Traded Fund VIII $2,359,517 0.39% 42,838 $194,069 Down ×6
VO Vanguard Morningstar Mid-Cap ETF $2,271,027 0.38% 28,187 $126,367 Up ×1
QQQ Invesco QQQ Trust, Series 1 $2,106,749 0.35% 2,861 $412,797 Down ×2
SPHQ Invesco S&P 500 Quality ETF $2,036,080 0.34% 22,598 $345,207 Up ×1
DFIS Dimensional ETF Trust $2,021,812 0.33% 57,717 $148,742 Up ×4
COWZ Pacer Funds Trust $1,862,091 0.31% 29,937 $-177,876 Down ×6
FTCS First Trust Capital Strength ETF $1,861,724 0.31% 19,822 $21,417 Down ×2
MSFT Microsoft Corporation - Common Stock $1,781,336 0.29% 4,775 $33,817 Up ×2
FVD First Trust Exchange-Traded Fund $1,752,636 0.29% 36,377 $20,595 Down ×2
SLYV SPDR SERIES TRUST $1,662,006 0.28% 15,232 $153,088 Down ×6
FICO Fair Isaac Corporation Common Stock $1,629,680 0.27% 1,364 $173,555
MTUM iShares Trust $1,616,813 0.27% 4,716 $503,620 Up ×3
EMXC iShares MSCI Emerging Markets ex China ETF $1,591,072 0.26% 15,553 $367,673
SPY SPY $1,527,967 0.25% 2,046 $181,047 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $1,502,134 0.25% 4,251 $790,158 Up ×1
EEM iShares, Inc. $1,488,191 0.25% 21,754 $145,505 Down ×6
TSLA Tesla, Inc. - Common Stock $1,476,727 0.24% 3,511 $546,980 Up ×1
FDVV FIDELITY COVINGTON TRUST $1,460,224 0.24% 24,220 $143,910 Up ×3
VEA Vanguard FTSE Developed Markets ETF $1,459,875 0.24% 20,489 $-227,563 Down ×5
CACC Credit Acceptance Corporation - Common Stock $1,337,154 0.22% 2,100 $447,888
VIG Vanguard Div Appreciation ETF $1,319,630 0.22% 5,577 $109,487 Down ×6
IAU iShares Gold Trust Shares $1,288,125 0.21% 17,059 $-76,415 Up ×1
DFAC Dimensional ETF Trust $1,237,378 0.20% 27,894 $153,417
AMZN Amazon.com, Inc. - Common Stock $1,177,161 0.19% 4,939 $230,574 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,141,589 0.19% 3,194 $291,442 Up ×2
ESGU iShares ESG Aware MSCI USA ETF $1,130,960 0.19% 6,910 $164,779 Up ×1
VBK Vanguard Morningstar Small-Cap Growth ETF $1,111,678 0.18% 3,040 $114,635 Down ×2
MU Micron Technology, Inc. - Common Stock $1,067,718 0.18% 925 $767,378 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,044,984 0.17% 1,855 $214,970 Up ×1
ORCL Oracle Corporation Common Stock $1,043,143 0.17% 7,118 $-2,809 Up ×3
JEPI JPMorgan Equity Premium Income ETF $1,041,825 0.17% 18,446 $19,649 Up ×1
ESGD iShares ESG Aware MSCI EAFE ETF $1,023,165 0.17% 9,952 $72,893 Up ×1
FAUG FT Vest U.S. Equity Buffer ETF - August $1,001,156 0.17% 17,718 $34,419 Down ×3
JIVE JPMorgan International Value ETF $989,152 0.16% 10,757 $120,938 Up ×1
AVGO Broadcom Inc. - Common Stock $978,522 0.16% 2,590 $352,831 Up ×2
IUSV iShares Core S&P U.S. Value ETF $974,974 0.16% 8,851 $79,835 Up ×5
CGNG Capital Group New Geography Equity ETF $926,798 0.15% 24,741 $365,199 Up ×2
LLY Eli Lilly and Company Common Stock $867,264 0.14% 723 $317,217 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $862,933 0.14% 2,332 $110,634 Down ×1
XOM Exxon Mobil Corporation Common Stock $842,541 0.14% 6,163 $-198,859 Up ×1
TAXF American Century Diversified Municipal Bond ETF $822,002 0.14% 16,170 $-17,236 Down ×1
ANET Arista Networks, Inc. Common Stock $814,575 0.13% 4,795 $227,441 Up ×2
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $802,852 0.13% 11,884 $110,906 Up ×1
AVEE AMERICAN CENTURY ETF TRUST $749,191 0.12% 10,807 $156,057 Up ×1
FEOE RBB Fund Trust $735,532 0.12% 13,774 $287,245 Up ×1
DEM WisdomTree Trust $731,275 0.12% 13,595 $40,783 Down ×2
VBR Vanguard Morningstar Small-Cap Value ETF $697,138 0.12% 2,869 $73,848
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $695,042 0.12% 1,389 $-54,427 Down ×2
OMFS Invesco Exchange-Traded Self-Indexed Fund Trust $680,816 0.11% 12,764 $109,919 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYV $43,316,959 7.17% up ×6
IEFA $20,882,930 3.46% up ×6
USTB $17,699,941 2.93% up ×4
PYLD $13,262,679 2.19% up ×4
REET $12,135,552 2.01% up ×3
JHML $12,089,060 2.00% up ×6
DFCF $11,911,770 1.97% up ×4
SPAB $10,144,544 1.68% up ×6
SPIP $9,551,518 1.58% up ×6
SPYM $9,505,881 1.57% up ×6
FDG $9,450,663 1.56% up ×5
USRT $8,804,726 1.46% up ×3
MUNI $7,266,953 1.20% up ×6
FIXD $6,245,541 1.03% up ×5
JMST $5,911,475 0.98% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FJUN $492,249 8,211 0.08%
AMD $397,923 685 0.07%
CRWD $301,440 395 0.05%
GEV $271,575 231 0.04%
CAT $235,268 221 0.04%
URI $233,375 206 0.04%
LRCX $231,832 535 0.04%
ADI $225,593 568 0.04%
INMU $223,100 9,200 0.04%
FMAR $219,103 4,193 0.04%
IWP $218,004 1,489 0.04%
INTC $217,544 1,558 0.04%
JCI $217,276 1,487 0.04%
LIN $205,659 396 0.03%
MRK $202,645 1,577 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYG Bought more +431 +$7.9M
JTEK Bought more +1K +$4.0M
SPYV Bought more +14K +$3.8M
SPDW Trimmed -3K +$3.0M
AVEM Trimmed -1K +$2.6M
FDG Bought more +5K +$2.0M
IEFA Bought more +7K +$1.9M
MDYV Bought more +2K +$1.8M
VUG Bought more +110K +$1.7M
JHML Bought more +3K +$1.7M

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
RWL June 30, 2025 385,849 $38,330,256 25.5%
VOOG June 30, 2025 101,342 $33,896,972 32.1%
JCPB June 30, 2025 209,933 $9,875,234
SPGP June 30, 2025 38,893 $3,884,621
PNW June 30, 2025 32,273 $3,074,003 7.3%
EEMA June 30, 2025 34,818 $2,578,938
JMUB June 30, 2025 38,507 $1,925,370
SMIN June 30, 2025 22,740 $1,548,367
HTAB Sept. 30, 2025 80,111 $1,498,877
UNH June 30, 2025 2,632 $1,378,732 21.4%
FBND June 30, 2025 28,836 $1,316,384
UNP June 30, 2025 5,089 $1,202,228 20.4%
RFDI June 30, 2025 18,055 $1,200,296
DE Sept. 30, 2025 2,036 $1,035,286 49.2%
HON June 30, 2025 4,661 $986,905 -2.4%
ACN June 30, 2025 3,074 $959,330 -34.7%
FISV June 30, 2025 4,015 $886,632 -73.2%
PEP June 30, 2025 5,841 $875,794 -4.8%
SPGI June 30, 2025 1,671 $848,953 -25.9%
XLB June 30, 2025 9,724 $836,028 No longer tracked
TMO June 30, 2025 1,663 $827,291 66.9%
XLU June 30, 2025 10,274 $810,088 No longer tracked
AJG June 30, 2025 2,319 $800,470 -29.0%
Z June 30, 2025 11,598 $795,159 -60.9%
CPT June 30, 2025 6,383 $780,596 -13.6%
BLK June 30, 2025 744 $704,030 1.6%
DIS June 30, 2025 7,084 $699,153 -16.5%
XSMO June 30, 2025 10,992 $689,736
EXAS March 31, 2026 6,479 $658,007 No longer tracked
HCA June 30, 2025 1,760 $608,247 13.5%
KLAC June 30, 2025 875 $594,699 -76.9%
TXN June 30, 2025 3,261 $585,952 42.0%
WM June 30, 2025 2,503 $579,470 -9.7%
ADBE June 30, 2025 1,505 $577,021 -38.3%
TT June 30, 2025 1,610 $542,431 7.6%
NOC June 30, 2025 1,027 $526,088 -4.8%
TCAF June 30, 2025 16,178 $522,226
XLE June 30, 2025 5,525 $516,320 49.6%
JEPQ June 30, 2025 9,865 $510,810
CMG June 30, 2025 9,163 $460,074 -45.1%
AMP June 30, 2025 948 $458,936 -7.3%
IWR March 31, 2026 4,416 $425,128 12.3%
XOP June 30, 2025 3,095 $407,654
FMAR Sept. 30, 2025 7,717 $346,011
WFC June 30, 2025 4,814 $345,570 1.6%
MCK June 30, 2025 400 $269,196 24.9%
VZ June 30, 2026 5,320 $267,046 8.3%
UBER Sept. 30, 2025 2,845 $265,439 -29.1%
SDVY Sept. 30, 2025 7,269 $256,451
CRM March 31, 2026 948 $251,050 23.1%
PG Sept. 30, 2025 1,470 $234,200 -5.0%
SGOL June 30, 2025 7,744 $230,926 25.0%
NOW Dec. 31, 2025 245 $225,920 -11.2%
AXP Sept. 30, 2025 692 $220,734 -8.5%
CRM Sept. 30, 2025 803 $219,097 -3.0%
PLTR June 30, 2026 1,461 $213,715 62.3%
FIS June 30, 2026 4,547 $213,277 -13.6%
AON June 30, 2025 523 $208,724 -23.7%
EFAV June 30, 2025 2,677 $208,592
BKNG Sept. 30, 2025 36 $208,245 -97.1%
T Sept. 30, 2025 7,154 $207,041 -14.2%
LGLV June 30, 2025 1,188 $206,789
JNJ Sept. 30, 2025 1,346 $205,560 36.4%
WFC Dec. 31, 2025 2,441 $204,631 -12.6%
IWP March 31, 2026 1,489 $203,904 10.9%
CLX June 30, 2025 1,377 $202,763 -31.7%
RTX June 30, 2026 1,042 $200,989 -2.8%
LDI June 30, 2025 90,982 $108,269 -52.3%
MFG Sept. 30, 2025 11,265 $62,633 64.6%
LND June 30, 2026 13,000 $54,990 3.6%
FBLG June 30, 2025 31,819 $28,637 89.7%