Sector breakdown

04
Healthcare 4.4%
Technology 4.0%
Financials 3.9%
Communication Services 3.8%
Utilities 3.8%
Energy 3.1%
Retail 2.8%
Consumer Discretionary 2.3%
Industrials 2.2%
Consumer Staples 2.0%
Real Estate 1.8%
Consumer products 1.6%
Materials 0.6%
Other/Unmapped 63.7%

Full portfolio 202 positions

05
Type Streak 8Q trend
SHY iShares 1-3 Year Treasury Bond ETF $15,242,654 7.41% 185,637 $5,734,553 Up ×1
BIL SPDR SERIES TRUST $13,182,087 6.41% 143,846 $-13,531 Down ×1
XLK SELECT SECTOR SPDR TRUST $6,010,334 2.92% 31,547 $3,362,434 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $4,525,219 2.20% 12,229 $598,505 Down ×1
XLV SELECT SECTOR SPDR TRUST $4,495,790 2.19% 28,336 $1,914,574 Up ×1
SGOV iShares Trust $4,317,950 2.10% 42,892 $1,227,377 Up ×1
XLF SELECT SECTOR SPDR TRUST $4,288,854 2.09% 80,001 $1,875,111 Up ×1
PFM Invesco Dividend Achievers ETF $4,177,142 2.03% 75,326 $579,938 Up ×6
AAPL Apple Inc. - Common Stock $2,774,747 1.35% 9,589 $439,133 Up ×5
XLC SELECT SECTOR SPDR TRUST $2,716,174 1.32% 25,354 $291,111 Up ×1
AQST Aquestive Therapeutics, Inc. - Common Stock $2,545,683 1.24% 611,943 $249,982 Up ×2
RIV RiverNorth Opportunities Fund, Inc. Common Stock $2,491,567 1.21% 213,685 $620,925 Up ×6
XLI SELECT SECTOR SPDR TRUST $2,474,302 1.20% 13,358 $227,387 Down ×5
CWB SPDR SERIES TRUST $2,420,559 1.18% 22,450 $280,821 Down ×6
VXUS Vanguard Total International Stock ETF $2,243,172 1.09% 26,239 $-83,005 Down ×1
XLY XLY $2,235,591 1.09% 19,062 $239,622 Up ×1
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. Common Stock $2,168,122 1.05% 297,003 $367,226 Up ×6
XLU XLU $2,021,801 0.98% 44,592 $-70,972 Down ×2
KWEB Krane Shares Trust $1,989,509 0.97% 81,304 $479,866 Up ×6
MSFT Microsoft Corporation - Common Stock $1,850,947 0.90% 4,962 $359,655 Up ×6
AMZN Amazon.com, Inc. - Common Stock $1,843,322 0.90% 7,734 $292,518 Up ×2
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund $1,781,742 0.87% 30,019 $414,129 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $1,758,376 0.85% 14,970 $384,207 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,688,917 0.82% 4,780 $297,253 Down ×1
SCHB SCHWAB STRATEGIC TRUST $1,672,701 0.81% 57,759 $192,705 Down ×6
SO Southern Company (The) Common Stock $1,525,841 0.74% 15,942 $-6,060 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $1,516,484 0.74% 15,800 $-132,688 Up ×1
CHI Calamos Convertible Opportunities and Income Fund - Closed End Fund $1,501,557 0.73% 111,723 $301,652
MO Altria Group, Inc. $1,473,830 0.72% 20,484 $108,779 Down ×1
SIRI SiriusXM Holdings Inc. - Common Stock $1,421,258 0.69% 48,113 $433,665 Up ×5
NVDA NVIDIA Corporation - Common Stock $1,409,226 0.69% 7,043 $264,253 Up ×3
XLP XLP $1,408,950 0.69% 16,961 $-1,247,135 Down ×2
GDXJ VanEck Junior Gold Miners ETF $1,392,596 0.68% 14,174 $321,225 Up ×1
IPAR Interparfums, Inc. - Common Stock $1,376,997 0.67% 12,310 $411,004 Up ×2
TRN Trinity Industries, Inc. Common Stock $1,321,578 0.64% 38,218 $62,310 Down ×1
BIDU Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share $1,317,992 0.64% 11,532 $220,505 Up ×2
AROC Archrock, Inc. Common Stock $1,303,249 0.63% 32,013 $-326,261 Down ×1
ABBV AbbVie Inc. Common Stock $1,302,489 0.63% 5,176 $242,660 Up ×5
AEP American Electric Power Company, Inc. - Common Stock $1,294,359 0.63% 9,461 $22,621 Down ×1
SRV NXG Cushing Midstream Energy Fund Common Shares of Beneficial Interest $1,293,274 0.63% 25,819 Up ×1
DNP DNP Select Income Fund, Inc. Common Stock $1,291,453 0.63% 119,690 $110,446 Up ×2
OHI Omega Healthcare Investors, Inc. Common Stock $1,260,564 0.61% 26,438 $76,854 Down ×1
CALM Cal-Maine Foods, Inc. - Common Stock $1,255,608 0.61% 15,586 $324,867 Up ×5
CPA Copa Holdings, S.A. Class A Common Stock $1,247,983 0.61% 8,022 $270,142 Down ×1
SCHX SCHWAB STRATEGIC TRUST $1,246,760 0.61% 42,364 $119,859 Down ×2
LNT Alliant Energy Corporation - Common Stock $1,245,739 0.61% 16,329 $78,993 Up ×6
UPS United Parcel Service, Inc. Common Stock $1,238,615 0.60% 11,522 $176,505 Up ×2
TNL Travel Leisure Co. Common Stock $1,227,924 0.60% 16,066 $131,124 Up ×2
HTO H2O America - Common Stock $1,219,107 0.59% 20,061 $24,292 Down ×1
NAD Nuveen Quality Municipal Income Fund Common Stock $1,217,149 0.59% 100,425 $65,194 Up ×1
SFL SFL Corporation Ltd $1,213,963 0.59% 119,016 $-226,103 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $1,196,592 0.58% 9,312 $-15,570 Down ×1
CIG Comp En De Mn Cemig ADS American Depositary Shares $1,195,247 0.58% 569,165 $-139,683 Up ×5
PFE Pfizer, Inc. Common Stock $1,174,261 0.57% 48,765 $-150,975 Up ×5
FE FirstEnergy Corp. Common Stock $1,169,009 0.57% 24,590 $-42,880 Up ×6
BANX ArrowMark Financial Corp. - Closed End Fund $1,165,806 0.57% 59,632 $263,410 Up ×6
XLE SELECT SECTOR SPDR TRUST $1,133,792 0.55% 21,348 $-319,724 Down ×2
DRI Darden Restaurants, Inc. Common Stock $1,126,463 0.55% 5,468 $73,336 Up ×2
TSN Tyson Foods, Inc. Common Stock $1,125,363 0.55% 19,657 $-144,056 Down ×1
CVX Chevron Corporation Common Stock $1,109,100 0.54% 6,691 $-223,543 Up ×6
PAG Penske Automotive Group, Inc. Common Stock $1,108,058 0.54% 6,192 $228,432 Up ×4
PRU Prudential Financial, Inc. Common Stock $1,106,498 0.54% 10,252 $234,712 Up ×6
CCD Calamos Dynamic Convertible & Income Fund - Closed End Fund $1,075,691 0.52% 41,742 $176,557 Down ×4
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $1,048,733 0.51% 17,444 $246,026 Up ×2
ALV Autoliv, Inc. Common Stock $1,045,530 0.51% 9,000 $203,935 Up ×4
WPC W. P. Carey Inc. REIT $1,037,251 0.50% 14,507 $147,315 Up ×6
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $1,033,221 0.50% 13,325 $-203,605 Up ×4
NTR Nutrien Ltd. Common Shares $1,014,754 0.49% 16,120 $154,133 Up ×1
JPST JPMorgan Ultra-Short Income ETF $996,530 0.48% 19,706 $-1,079,449 Down ×2
VEA Vanguard FTSE Developed Markets ETF $987,098 0.48% 13,854 $-530,124 Down ×4
SJNK SPDR SERIES TRUST $980,450 0.48% 39,171 $1,958
CLX Clorox Company (The) Common Stock $945,814 0.46% 9,910 $5,197 Up ×1
VUG Vanguard Morningstar Growth ETF $944,439 0.46% 10,964 $152,539 Up ×1
SHYG iShares Trust $944,047 0.46% 22,260 $2,226
TBIL F/m US Treasury 3 Month Bill Fund $941,656 0.46% 18,886 $-8,227 Down ×1
THRV Prospera Income ETF $898,059 0.44% 37,065 $265,422 Up ×1
HPF John Hancock Pfd Income Fund II Pfd Income Fund II $884,911 0.43% 55,760 $14,497
RFI Cohen & Steers Total Return Realty Fund, Inc. Common Stock $882,371 0.43% 77,948 $14,030
WMT Walmart Inc. - Common Stock $870,139 0.42% 7,683 $133,397 Up ×2
SFBS ServisFirst Bancshares, Inc. Common Stock $859,515 0.42% 9,908 $137,919
BUI BlackRock Utility, Infrastructure & Power Opportunities Trust $841,725 0.41% 29,015 $76,309
IVES Amplify ETF Trust $819,950 0.40% 21,521 $251,614 Up ×1
EEM iShares, Inc. $819,757 0.40% 11,983 $-607,214 Down ×3
ILF iShares Latin America 40 ETF $805,478 0.39% 23,866 $177,236 Up ×1
V Visa Inc. $793,490 0.39% 31,989 $516,997 Up ×3
ZTS Zoetis Inc. Class A Common Stock $792,257 0.39% 11,025 Up ×1
BRSP BrightSpire Capital, Inc. Class A Common Stock $758,934 0.37% 139,254 $100,581 Up ×1
AVGO Broadcom Inc. - Common Stock $743,433 0.36% 1,968 Up ×1
FFC Flaherty & Crumrine Preferred and Income Securities Fund Incorporated $730,972 0.36% 44,900 $35,471
SCHA SCHWAB STRATEGIC TRUST $726,213 0.35% 20,100 $141,705
FTNT Fortinet, Inc. - Common Stock $723,362 0.35% 76,304 Up ×1
ARCC Ares Capital Corporation - Closed End Fund $692,818 0.34% 37,389 $14,776 Down ×2
IWF iShares Russell 1000 Growth Fund $681,072 0.33% 5,485 $44,030 Up ×2
EWZ iShares MSCI Brazil ETF $675,717 0.33% 19,586 $-89,807 Down ×1
XLB XLB $663,332 0.32% 13,050 $19,553 Up ×1
VBK Vanguard Morningstar Small-Cap Growth ETF $659,357 0.32% 1,803 $114,400
IJT iShares S&P SmallCap 600 Growth ETF $629,565 0.31% 3,525 $119,462
HSBC HSBC Holdings, plc. Common Stock $620,391 0.30% 3,536 $-494,461 Down ×1
DHR Danaher Corporation Common Stock $613,428 0.30% 37,110 Up ×1
SKT Tanger Inc. Common Stock $608,272 0.30% 15,411 $54,874 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PFM $4,177,142 2.03% up ×6
AAPL $2,774,747 1.35% up ×5
RIV $2,491,567 1.21% up ×6
MSD $2,168,122 1.05% up ×6
KWEB $1,989,509 0.97% up ×6
MSFT $1,850,947 0.90% up ×6
SIRI $1,421,258 0.69% up ×5
NVDA $1,409,226 0.69% up ×3
ABBV $1,302,489 0.63% up ×5
CALM $1,255,608 0.61% up ×5
LNT $1,245,739 0.61% up ×6
CIG $1,195,247 0.58% up ×5
PFE $1,174,261 0.57% up ×5
FE $1,169,009 0.57% up ×6
BANX $1,165,806 0.57% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SRV $1,293,274 25,819 0.63%
ZTS $792,257 11,025 0.39%
AVGO $743,433 1,968 0.36%
FTNT $723,362 76,304 0.35%
DHR $613,428 37,110 0.30%
XBI $588,690 3,720 0.29%
BSJQ $483,088 21,045 0.23%
BUCK $463,599 19,795 0.23%
APH $463,193 2,627 0.23%
PANW $349,887 1,026 0.17%
AGG $334,761 16,597 0.16%
VEU $319,570 462 0.16%
CMG $304,742 8,963 0.15%
RGEN $300,441 2,202 0.15%
STX $289,500 300 0.14%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SHY Bought more +70K +$5.7M
XLK Bought more +12K +$3.4M
XLV Bought more +11K +$1.9M
XLF Bought more +31K +$1.9M
XLP Trimmed -15K -$1.2M
SGOV Bought more +12K +$1.2M
JPST Trimmed -21K -$1.1M
RIV Bought more +45K +$621K
EEM Trimmed -13K -$607K
VTI Trimmed -11 +$599K

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
GDX March 31, 2026 23,704 $2,653,471 -3.9%
SA June 30, 2026 75,664 $2,144,318 6.6%
GDXJ Dec. 31, 2025 20,912 $2,070,915 -0.2%
ET March 31, 2026 75,464 $1,812,825 No longer tracked
ETHE Dec. 31, 2025 48,586 $1,665,042 -11.4%
TLT Dec. 31, 2025 16,084 $1,437,427
ITB June 30, 2025 13,017 $1,239,349
PM Sept. 30, 2025 5,853 $1,066,007 17.4%
MOS Dec. 31, 2025 30,361 $1,052,919 -13.1%
ITW March 31, 2026 22,626 $892,165 2.6%
XME Sept. 30, 2025 13,021 $875,272 16.1%
ASA June 30, 2025 28,598 $861,929 80.7%
AEM Sept. 30, 2025 7,203 $856,653 10.4%
LYB Dec. 31, 2025 17,010 $834,170 36.1%
NTES Sept. 30, 2025 6,104 $821,476 -21.7%
TGT Sept. 30, 2025 8,250 $813,863 72.1%
NMFC Dec. 31, 2025 82,310 $793,468 -25.7%
GCV Sept. 30, 2025 207,058 $793,033 0.0%
OIH June 30, 2026 1,842 $744,555 5.8%
UL (filed as ULXXXX) Dec. 31, 2025 12,408 $735,546 -7.0%
FXI June 30, 2026 20,485 $735,315 6.9%
UNP March 31, 2026 7,034 $722,912 14.0%
KEY Sept. 30, 2025 40,546 $706,311 7.8%
BKR March 31, 2026 15,748 $701,982 -6.4%
JPI Sept. 30, 2025 33,641 $699,733 No longer tracked
FGNX June 30, 2026 138,100 $689,119 No longer tracked
GDX Sept. 30, 2025 13,014 $677,509 15.5%
ASO March 31, 2026 7,799 $665,099 -7.3%
CINF June 30, 2025 4,499 $664,592 9.5%
EWU June 30, 2026 14,353 $653,939 0.5%
REZ Dec. 31, 2025 7,636 $648,831
FCX Sept. 30, 2025 14,891 $645,525 85.0%
SKM March 31, 2026 19,110 $642,999 24.4%
VALE June 30, 2026 40,000 $636,400 -6.4%
IVES Dec. 31, 2025 19,234 $617,796
SKT Dec. 31, 2025 17,561 $594,264 4.7%
GSK Sept. 30, 2025 15,420 $592,128 8.0%
ARM March 31, 2026 22,000 $588,099 100.0%
BG June 30, 2026 4,600 $585,120 0.6%
JPC Dec. 31, 2025 69,074 $566,407 -16.9%
HTGC March 31, 2026 11,557 $564,666 12.2%
JNK March 31, 2026 69,092 $561,940 -3.0%
NEM Dec. 31, 2025 6,500 $548,015 16.6%
CMCSA Dec. 31, 2025 16,564 $520,441 -23.0%
CNH Sept. 30, 2025 39,649 $513,851 22.3%
PDD June 30, 2025 4,314 $510,562 -25.1%
IUSG Dec. 31, 2025 3,067 $504,644
INTU March 31, 2026 5,807 $494,919 -33.0%
FANG Sept. 30, 2025 3,527 $484,610 29.3%
DG March 31, 2026 3,600 $477,972 3.8%
EWG March 31, 2026 8,671 $467,454
AU June 30, 2026 4,750 $462,460 15.7%
BKU March 31, 2026 10,000 $445,700 -5.0%
BND June 30, 2026 6,040 $444,846
EWZ Dec. 31, 2025 14,173 $439,363
SAN June 30, 2025 64,784 $434,053 68.8%
DTE Sept. 30, 2025 3,653 $431,054 -9.3%
JCI March 31, 2026 6,922 $392,860 21.2%
NAD Dec. 31, 2025 31,367 $366,680 -15.5%
RSF Dec. 31, 2025 23,757 $349,703 -0.4%
BIZD March 31, 2026 24,360 $345,425
ORCL March 31, 2026 12,389 $338,341 -1.6%
INDA Sept. 30, 2025 5,969 $332,354
DUK Sept. 30, 2025 2,650 $312,700 -6.5%
RCAT Sept. 30, 2025 42,507 $309,451 -38.7%
WHR Sept. 30, 2025 2,957 $299,899 -61.6%
EOI Sept. 30, 2025 13,820 $289,114 -4.9%
MUX Sept. 30, 2025 28,988 $278,575 5.8%
NOAH Dec. 31, 2025 23,000 $266,570 -22.7%
SPHR June 30, 2025 8,000 $261,760 152.1%
RCAT March 31, 2026 32,351 $256,544 -51.6%
FREL March 31, 2026 4,234 $250,338
YUMC Sept. 30, 2025 5,388 $240,897 -5.4%
ISRG March 31, 2026 406 $229,943 -12.2%
ISRG Sept. 30, 2025 408 $221,711 -9.5%
SGOL June 30, 2026 4,883 $217,879 3.8%
HPQ June 30, 2025 7,825 $216,674 29.7%
GMAB March 31, 2026 7,000 $215,600 40.9%
BX March 31, 2026 1,392 $214,555 -1.4%
LLY March 31, 2026 199 $213,862 25.8%
HPQ Dec. 31, 2025 7,825 $213,075 42.4%
JAZZ Dec. 31, 2025 1,600 $210,880 36.1%
UTF Sept. 30, 2025 7,680 $206,976 3.2%
MCD June 30, 2025 659 $205,852 -20.4%
META Dec. 31, 2025 276 $202,689 11.9%
XOM Dec. 31, 2025 1,787 $201,484 36.7%
CLF March 31, 2026 14,000 $185,920 45.0%
CX Sept. 30, 2025 25,000 $173,250 10.3%
RMMZ Dec. 31, 2025 10,641 $159,615 -9.2%
NCV June 30, 2025 11,525 $149,018 7.8%
BGT June 30, 2025 11,050 $137,241 -16.7%
MHI June 30, 2025 14,900 $137,080 No longer tracked
GOGL Sept. 30, 2025 18,313 $134,051 No longer tracked
DSU Dec. 31, 2025 10,831 $115,025 -12.4%
VET Sept. 30, 2025 15,000 $109,200 48.3%
WCN March 31, 2026 11,973 $102,672 -4.8%
VRN June 30, 2025 13,721 $90,833 No longer tracked
ADT Dec. 31, 2025 10,339 $90,053 -21.2%
DSM June 30, 2025 15,468 $89,250 -7.0%
PML Dec. 31, 2025 11,269 $89,138 -13.3%
ADSK March 31, 2026 10,342 $84,324 -3.4%
DRI Sept. 30, 2025 12,100 $67,760 6.7%
VEEE June 30, 2026 250,000 $64,200 101.9%
GUT Dec. 31, 2025 10,050 $61,004 -3.8%
RIVRT Dec. 31, 2025 10,104 $82 No longer tracked