Sector breakdown

04
Technology 4.6%
Financials 3.4%
Industrials 2.5%
Communication Services 2.1%
Retail 1.9%
Health Care 1.8%
Utilities 0.6%
Energy 0.6%
Consumer Discretionary 0.5%
Consumer Staples 0.4%
Materials 0.2%
Consumer products 0.2%
Real Estate 0.2%
Other/Unmapped 80.9%

Full portfolio 651 positions

05
Type Streak 8Q trend
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $144,183,420 14.85% 5,078,669 $3,291,656 Up ×6
SCHX SCHWAB STRATEGIC TRUST $121,693,658 12.53% 4,135,021 $9,673,325 Down ×6
SPTS State Street SPDR Portfolio Short Term Treasury ETF $97,420,541 10.03% 3,358,171 $6,930,151 Up ×6
VOO Vanguard S&P 500 ETF $72,357,702 7.45% 105,353 $1,641,064 Down ×6
IJH iShares Trust $41,124,107 4.24% 533,317 $1,160,339 Down ×6
SPY SPY $38,252,592 3.94% 51,102 $3,699,826 Down ×6
IVV iShares Trust $30,279,006 3.12% 40,432 $4,632,234 Up ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $28,768,134 2.96% 327,357 $7,073,177 Up ×6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $25,004,272 2.58% 370,105 $5,390,992 Up ×6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $20,167,315 2.08% 349,702 $4,622,867 Up ×6
AAPL Apple Inc. - Common Stock $19,110,454 1.97% 66,044 $1,397,856 Down ×1
DFAI Dimensional ETF Trust $19,090,060 1.97% 462,789 $2,096,136 Up ×6
IEMG iShares, Inc. $17,986,114 1.85% 217,119 $3,576,043 Up ×4
AMZN Amazon.com, Inc. - Common Stock $12,746,185 1.31% 53,479 $2,018,613 Up ×2
IJR iShares Trust $12,326,703 1.27% 83,114 $1,048,499 Down ×6
VYM Vanguard High Dividend Yield ETF $11,857,839 1.22% 75,035 $-82,464 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $11,083,270 1.14% 31,013 $1,465,713 Down ×6
VTI Vanguard Morningstar Total Stock Market ETF $10,139,511 1.04% 27,401 $261,430 Down ×6
VO Vanguard Morningstar Mid-Cap ETF $9,210,602 0.95% 114,318 $478,894 Up ×1
JMSB John Marshall Bancorp, Inc. - Common Stock $7,655,049 0.79% 351,149 $557,677 Up ×2
MSFT Microsoft Corporation - Common Stock $6,334,414 0.65% 16,981 $-90,787 Down ×1
JPM JP Morgan Chase & Co. Common Stock $6,033,439 0.62% 18,432 $732,298 Up ×1
VGIT Vanguard Intermediate-Term Treasury ETF $5,523,536 0.57% 93,651 $4,498,323 Up ×3
LLY Eli Lilly and Company Common Stock $4,525,450 0.47% 3,773 $972,378 Down ×1
XSOE WisdomTree Trust $4,370,037 0.45% 88,858 $-765,731 Down ×4
NVDA NVIDIA Corporation - Common Stock $4,300,437 0.44% 21,493 $607,668 Up ×1
IWM iShares Russell 2000 Index Fund $4,209,340 0.43% 14,010 $673,822 Down ×6
VUG Vanguard Morningstar Growth ETF $4,084,932 0.42% 47,422 $348,155 Up ×3
CAT Caterpillar, Inc. Common Stock $3,602,801 0.37% 3,383 $1,291,517 Up ×3
JEPI JPMorgan Equity Premium Income ETF $3,592,096 0.37% 63,599 $-605,196 Down ×6
IWD iShares Russell 1000 Value ETF $3,298,261 0.34% 13,605 $228,250 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,294,068 0.34% 6,583 $13,464 Down ×4
AVGO Broadcom Inc. - Common Stock $3,079,041 0.32% 8,151 $659,601 Up ×2
V Visa Inc. $2,827,132 0.29% 8,240 $301,876 Down ×6
PJAN Innovator U.S. Equity Power Buffer ETF - January $2,815,041 0.29% 56,881 $126,307 Down ×4
IDV iShares International Select Dividend ETF $2,807,582 0.29% 67,767 $-330,221 Down ×6
VB Vanguard Morningstar Small-Cap ETF $2,623,807 0.27% 8,656 $-551,450 Down ×4
VTV Vanguard Morningstar Value ETF $2,514,041 0.26% 11,536 $299,139 Up ×1
VGSH Vanguard Short-Term Treasury ETF $2,472,977 0.25% 42,491 $2,103,882 Up ×2
VEA Vanguard FTSE Developed Markets ETF $2,463,380 0.25% 34,574 $-85,447 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $2,351,591 0.24% 18,218 $668,023 Up ×1
AMAT Applied Materials, Inc. - Common Stock $2,350,156 0.24% 3,251 $1,324,594 Up ×3
NEE NextEra Energy, Inc. Common Stock $2,269,645 0.23% 25,859 $248,854 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $2,240,113 0.23% 6,340 $296,636 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $2,163,034 0.22% 3,840 $-454,461 Down ×1
IAUM iShares Gold Trust Micro Shares $2,155,099 0.22% 53,864 $-186,486 Up ×1
IWF iShares Russell 1000 Growth Fund $2,089,047 0.22% 16,824 $295,573 Up ×1
EFA iShares Trust $1,978,467 0.20% 19,046 $-23,710 Down ×6
GDX VanEck Gold Miners ETF $1,949,462 0.20% 25,838 $-429,110 Down ×6
SGOV iShares Trust $1,844,074 0.19% 18,318 $-2,799,473 Down ×2
XOM Exxon Mobil Corporation Common Stock $1,791,100 0.18% 13,100 $-23,667 Up ×1
MLM Martin Marietta Materials, Inc. Common Stock $1,730,677 0.18% 3,001 $-35,952
COST Costco Wholesale Corporation - Common Stock $1,729,930 0.18% 1,849 $-52,946 Up ×2
HD Home Depot, Inc. (The) Common Stock $1,631,498 0.17% 4,626 $-477,345 Down ×6
DHR Danaher Corporation Common Stock $1,627,872 0.17% 8,530 $-183,758 Down ×1
SCHF SCHWAB STRATEGIC TRUST $1,625,658 0.17% 58,688 $187,584 Up ×1
LRCX Lam Research Corporation - Common Stock $1,612,640 0.17% 3,720 $855,450 Up ×1
GE GE Aerospace Common Stock $1,598,370 0.16% 4,277 $647,245 Up ×3
PAPR Innovator U.S. Equity Power Buffer ETF - April $1,586,214 0.16% 37,588 $81,455 Down ×3
SCHR SCHWAB STRATEGIC TRUST $1,562,877 0.16% 63,377 $788,499 Up ×2
APH Amphenol Corporation Common Stock $1,532,890 0.16% 8,687 $412,737 Down ×4
PANW Palo Alto Networks, Inc. - Common Stock $1,521,973 0.16% 4,463 $490,474 Down ×1
AXP American Express Company Common Stock $1,468,005 0.15% 4,340 $236,608 Up ×3
RTX RTX Corporation Common Stock $1,451,427 0.15% 7,650 $-584,432 Down ×4
CSCO Cisco Systems, Inc. - Common Stock $1,416,018 0.15% 12,055 $426,022 Down ×6
ABBV AbbVie Inc. Common Stock $1,394,672 0.14% 5,542 $5,056 Down ×6
JNJ Johnson & Johnson Common Stock $1,391,503 0.14% 5,479 $130,925 Up ×1
RSP Invesco Exchange-Traded Fund Trust $1,370,665 0.14% 6,442 $105,528 Down ×2
YUM Yum! Brands, Inc. $1,318,526 0.14% 8,248 $5,030 Down ×3
ROK Rockwell Automation, Inc. Common Stock $1,311,467 0.14% 2,649 $738,335 Up ×1
SLV iShares Silver Trust $1,293,868 0.13% 24,198 $-400,025 Down ×3
VWO Vanguard FTSE Emerging Markets ETF $1,286,320 0.13% 21,550 $-170,382 Down ×3
MCO Moody's Corporation Common Stock $1,253,683 0.13% 2,768 $57,485 Up ×1
MCD McDonald's Corporation Common Stock $1,234,067 0.13% 4,565 $-300,105 Down ×6
IAU iShares Gold Trust Shares $1,233,003 0.13% 16,329 $-231,159 Down ×4
TJX TJX Companies, Inc. (The) Common Stock $1,227,908 0.13% 8,105 $12,591 Up ×1
PMAY Innovator U.S. Equity Power Buffer ETF - May $1,197,700 0.12% 29,000 $39,440
APD Air Products and Chemicals, Inc. Common Stock $1,158,061 0.12% 3,950 $448,684 Up ×2
NOC Northrop Grumman Corporation Common Stock $1,131,687 0.12% 2,222 $-405,400 Down ×2
ETN Eaton Corporation, PLC Ordinary Shares $1,128,366 0.12% 2,648 $473,472 Up ×1
MAR Marriott International - Class A Common Stock $1,126,594 0.12% 3,040 $153,887 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $1,109,601 0.11% 8,766 $-46,731 Down ×6
SCHB SCHWAB STRATEGIC TRUST $1,106,070 0.11% 38,193 $129,855 Down ×6
NSC Norfolk Southern Corporation Common Stock $1,102,638 0.11% 3,505 $96,703
GDXJ VanEck Junior Gold Miners ETF $1,097,822 0.11% 11,174 $-265,148 Down ×3
MNST Monster Beverage Corporation - Common Stock $1,080,774 0.11% 11,244 $435,590 Up ×1
BRO Brown & Brown, Inc. Common Stock $1,058,155 0.11% 16,495 $-17,484
PG Procter & Gamble Company (The) Common Stock $1,056,357 0.11% 7,204 $-36,439 Down ×4
AUB Atlantic Union Bankshares Corporation Common Stock $1,047,935 0.11% 24,768 $153,255 Down ×1
AMGN Amgen Inc. - Common Stock $1,040,425 0.11% 2,873 $51,674 Up ×2
ACGL Arch Capital Group Ltd. - Common Stock $1,035,242 0.11% 10,666 $11,412
MKCV CUSIP: 579780107 $1,014,040 0.10% 20,080 $2,409
CVX Chevron Corporation Common Stock $1,006,197 0.10% 6,070 $176,693 Up ×1
PEP PepsiCo, Inc. - Common Stock $1,002,502 0.10% 7,404 $-185,312 Down ×6
VBK Vanguard Morningstar Small-Cap Growth ETF $987,756 0.10% 2,701 $194,461 Up ×1
IUSV iShares Core S&P U.S. Value ETF $960,508 0.10% 8,720 $66,740 Down ×6
MA Mastercard Incorporated Common Stock $916,263 0.09% 1,784 $42,857 Up ×2
BNL Broadstone Net Lease, Inc. Common Stock $906,292 0.09% 43,767 $101,186 Down ×2
LEU Centrus Energy Corp. Class A Common Stock $868,728 0.09% 5,175 $-29,601
EPD Enterprise Products Partners L.P. Common Stock $861,839 0.09% 23,445 $-25,320

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPTI $144,183,420 14.85% up ×6
SPTS $97,420,541 10.03% up ×6
SPYM $28,768,134 2.96% up ×6
SPMD $25,004,272 2.58% up ×6
SPSM $20,167,315 2.08% up ×6
DFAI $19,090,060 1.97% up ×6
IEMG $17,986,114 1.85% up ×4
VGIT $5,523,536 0.57% up ×3
VUG $4,084,932 0.42% up ×3
CAT $3,602,801 0.37% up ×3
AMAT $2,350,156 0.24% up ×3
GE $1,598,370 0.16% up ×3
AXP $1,468,005 0.15% up ×3
BA $238,767 0.02% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MRVL $329,765 1,107 0.03%
VONV $267,051 2,512 0.03%
Unknown issuer (CUSIP: 438516205) $249,313 1,114 0.03%
Unknown issuer (CUSIP: 43849R105) $245,620 1,111 0.03%
AFL $87,234 744 0.01%
DRI $82,404 400 0.01%
HIG $80,440 607 0.01%
FTNT $79,115 515 0.01%
IBKR $72,679 835 0.01%
Unknown issuer (CUSIP: 26614N201) $68,770 507 0.01%
KLAC $63,360 210 0.01%
PEG $62,737 773 0.01%
WDC $58,763 92 0.01%
DFLV $55,950 1,415 0.01%
TER $55,642 115 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SCHX Trimmed -234K +$9.7M
SPYM Bought more +44K +$7.1M
SPTS Bought more +257K +$6.9M
SPMD Bought more +39K +$5.4M
IVV Bought more +1K +$4.6M
SPSM Bought more +28K +$4.6M
SPY Trimmed -2K +$3.7M
IEMG Bought more +11K +$3.6M
SPTI Bought more +163K +$3.3M
SGOV Trimmed -28K -$2.8M

1 position hidden — reported move looks larger than the position itself (data completeness check)

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
BHRB June 30, 2026 185,765 $11,571,302 -2.8%
HON June 30, 2026 2,244 $507,212 -4.4%
SASR June 30, 2025 12,572 $351,399 No longer tracked
ESGV June 30, 2026 2,415 $271,133
TYL March 31, 2026 346 $157,067 -5.7%
EME Dec. 31, 2025 180 $116,918 28.6%
IRM Dec. 31, 2025 1,141 $116,314 36.7%
TPYP (filed as TPYPXXXX) June 30, 2025 3,121 $113,511 21.4%
MGK June 30, 2026 300 $110,232 6.2%
WSO March 31, 2026 295 $99,401 -18.2%
UL (filed as ULXXXX) Dec. 31, 2025 1,485 $88,031 -8.7%
AYI June 30, 2025 300 $79,005 3.5%
MATX June 30, 2025 600 $76,902 107.6%
OC June 30, 2025 475 $67,840 -13.9%
EXP June 30, 2025 300 $66,579 -15.2%
WSM March 31, 2026 330 $58,935 27.4%
DD June 30, 2026 1,227 $56,197 -4.2%
BLDR June 30, 2025 400 $49,976 -51.8%
PHM June 30, 2025 450 $46,260 9.7%
DFS June 30, 2025 268 $45,748 No longer tracked
SYLD June 30, 2025 700 $44,660
BWA June 30, 2025 1,550 $44,408 80.8%
USB Dec. 31, 2025 750 $36,638 7.8%
GTLS Dec. 31, 2025 174 $34,827 No longer tracked
TPH June 30, 2025 1,000 $31,920 No longer tracked
EFAV June 30, 2026 324 $29,604
SPAB June 30, 2026 1,128 $28,900
CCL June 30, 2026 1,109 $28,701 -9.8%
DYNF June 30, 2025 554 $27,014
BND June 30, 2026 347 $25,554
KVUE June 30, 2025 1,000 $23,980 -17.8%
AMWD June 30, 2026 600 $23,898 No longer tracked
KOMP March 31, 2026 390 $23,295
TSM June 30, 2026 68 $22,981 -1.0%
AGG June 30, 2026 228 $22,634
SCHH Sept. 30, 2025 1,015 $21,478 3.4%
IUSB June 30, 2026 444 $20,509
PCAR March 31, 2026 183 $20,297 -5.0%
CHRW March 31, 2026 124 $20,013 -5.0%
HEFA June 30, 2026 453 $19,251
VCIT June 30, 2026 226 $18,702
CEF March 31, 2026 400 $18,320
GILD March 31, 2026 148 $18,166 3.9%
GSLC June 30, 2026 142 $17,769
JEPQ June 30, 2026 300 $16,656
AKAM Sept. 30, 2025 200 $15,952 43.8%
JIRE June 30, 2026 205 $15,527
MTBA June 30, 2026 307 $15,185
ENR March 31, 2026 707 $14,063 34.7%
SRLN June 30, 2026 348 $13,969
ABNB March 31, 2026 101 $13,708 28.6%
AFL Dec. 31, 2025 120 $13,404 1.2%
IYG June 30, 2026 153 $12,675 2.3%
SCHV June 30, 2025 450 $11,961 22.2%
IYW June 30, 2025 85 $11,938 53.6%
MRSH Dec. 31, 2025 55 $11,085 -8.3%
VSS June 30, 2026 75 $10,935
F Sept. 30, 2025 1,000 $10,850 1.2%
DOV Dec. 31, 2025 65 $10,844 -2.8%
VSGX June 30, 2025 180 $10,617
IRM June 30, 2026 97 $9,908 -10.2%
TTD Dec. 31, 2025 199 $9,753 -68.5%
NVO June 30, 2026 250 $9,492 -22.2%
CCI March 31, 2026 100 $8,887 -18.3%
GBTC June 30, 2026 166 $8,759 43.0%
MBB June 30, 2026 92 $8,736
EXPD Dec. 31, 2025 70 $8,582 29.2%
BND June 30, 2025 113 $8,300
STZ March 31, 2026 60 $8,278 -24.8%
EMXC June 30, 2025 149 $8,209
TT June 30, 2026 19 $7,919 -5.5%
VXUS Sept. 30, 2025 105 $7,255
EMB June 30, 2026 76 $7,139
PNQI June 30, 2025 160 $7,061
PHO June 30, 2025 107 $6,904
PTF June 30, 2025 110 $6,486
GXO Dec. 31, 2025 120 $6,347 -11.6%
NUE June 30, 2025 50 $6,017 85.6%
PSI June 30, 2025 126 $5,970 151.0%
XLC June 30, 2026 51 $5,654 3.0%
GHC March 31, 2026 5 $5,493 8.7%
VMBS June 30, 2026 112 $5,259
DFEM Sept. 30, 2025 177 $5,254
BTC March 31, 2026 134 $5,190 24.2%
HGER June 30, 2026 165 $5,117 21.3%
INSM June 30, 2026 30 $4,906 4.2%
AAL Sept. 30, 2025 420 $4,713 15.1%
MICC March 31, 2026 297 $4,708 16.9%
BSV June 30, 2025 58 $4,541
MSTY Sept. 30, 2025 202 $4,474 -76.4%
WIW Sept. 30, 2025 500 $4,380 -10.1%
MRSH June 30, 2026 24 $4,163 2.0%
MVPA June 30, 2025 126 $3,950
TDG June 30, 2026 3 $3,477 -18.1%
XLB June 30, 2026 64 $3,199 No longer tracked
JETS March 31, 2026 110 $3,098 14.3%
VOX June 30, 2026 17 $3,058
IFRA June 30, 2025 66 $2,975
GBIL June 30, 2026 27 $2,706
BNDX June 30, 2026 53 $2,547
EXAS March 31, 2026 24 $2,438 No longer tracked
VNOM (filed as VNOMXXXX) Sept. 30, 2025 62 $2,365 6.3%
LEN June 30, 2026 25 $2,171 -11.8%
AA Dec. 31, 2025 65 $2,138 -21.1%
TPL Sept. 30, 2025 2 $2,113 9.3%
NEOG March 31, 2026 300 $2,097 30.8%
TFI June 30, 2026 46 $2,086
AMTM March 31, 2026 57 $1,653 -30.4%
SCI June 30, 2026 20 $1,651 1.6%
JPST June 30, 2026 32 $1,620
SUSA June 30, 2025 14 $1,609
QQQM Sept. 30, 2025 7 $1,590
MUB June 30, 2026 14 $1,487
DYNF June 30, 2026 25 $1,455
SRPT March 31, 2026 60 $1,292 -19.6%
SCHP June 30, 2025 48 $1,291 -5.3%
JNK June 30, 2025 12 $1,144 -3.8%
EMB June 30, 2025 11 $997
YBIT Sept. 30, 2025 94 $992
FBTC Sept. 30, 2025 10 $940
STIP June 30, 2026 9 $931
CRH Sept. 30, 2025 10 $918 -31.7%
HBI Dec. 31, 2025 113 $747 No longer tracked
TDOC Sept. 30, 2025 80 $697 -28.6%
GIL March 31, 2026 11 $688 -26.3%
MAIN March 31, 2026 10 $604 4.1%
CVU Dec. 31, 2025 205 $517 No longer tracked
NTRS June 30, 2025 5 $494 35.2%
EMLC June 30, 2025 18 $430
TSCO June 30, 2026 8 $355 -1.6%
BHF June 30, 2025 6 $348 -7.0%
MRP June 30, 2025 12 $319 -13.7%
FTRE Dec. 31, 2025 37 $312 15.9%
CLF March 31, 2026 19 $253 34.0%
VNQI June 30, 2025 6 $243
AMLP March 31, 2026 5 $236
BW June 30, 2025 325 $219 492.5%
B March 31, 2026 5 $218 -1.4%
SAM Sept. 30, 2025 1 $191 -20.8%
SCHP June 30, 2026 7 $187 -4.6%
CAG March 31, 2026 10 $174 -15.0%
DDOG Dec. 31, 2025 1 $143 103.9%
HRTX March 31, 2026 100 $130 -56.6%
JKS Sept. 30, 2025 6 $128 -61.9%
TNDM Dec. 31, 2025 9 $110 -24.9%
SM March 31, 2026 5 $95 13.0%
UNIT (filed as UNITXXXX) Sept. 30, 2025 19 $83 31.4%
ALB March 31, 2026 0 $81 -41.7%
UNIT Dec. 31, 2025 11 $68 14.7%
BITO March 31, 2026 5 $61
VSTM Dec. 31, 2025 6 $53 -0.3%
TLRY Dec. 31, 2025 8 $14 -60.0%
IGC Dec. 31, 2025 30 $13 No longer tracked
AGG Dec. 31, 2025 0 $4
CGC Dec. 31, 2025 2 $3 -23.2%
OGEN Dec. 31, 2025 1 $2 No longer tracked
AIG Dec. 31, 2025 0 $1 -12.4%