Sector breakdown

04
Technology 5.7%
Retail 2.8%
Communication Services 2.1%
Financials 1.9%
Consumer Discretionary 0.8%
Industrials 0.3%
Healthcare 0.2%
Consumer Staples 0.1%
Consumer products 0.1%
Energy 0.0%
Other/Unmapped 86.1%

Full portfolio 181 positions

05
Type Streak 8Q trend
SPY SPY $210,993,113 24.68% 282,543 $34,542,597 Up ×6
XLK SELECT SECTOR SPDR TRUST $98,557,535 11.53% 517,308 $30,308,705 Up ×3
XLF SELECT SECTOR SPDR TRUST $36,254,679 4.24% 676,267 $3,340,787 Up ×3
PAVE Global X Funds $35,934,938 4.20% 609,894 $5,142,974 Up ×2
QQQ Invesco QQQ Trust, Series 1 $34,061,920 3.98% 46,255 $7,998,408 Up ×2
GLD SPDR Gold Shares $26,478,418 3.10% 71,878 $-3,764,945 Up ×4
XLC SELECT SECTOR SPDR TRUST $22,998,534 2.69% 214,679 $-639,652 Up ×2
AMZN Amazon.com, Inc. - Common Stock $22,612,984 2.64% 94,877 $1,952,808 Down ×1
VOO VANGUARD INDEX FUNDS $22,577,334 2.64% 32,873 $4,964,025 Up ×2
XLV SELECT SECTOR SPDR TRUST $13,585,100 1.59% 85,624 $-3,300,862 Down ×1
EZU iShares, Inc. $13,431,661 1.57% 193,261 $-5,251,202 Down ×1
SHLD Global X Funds $13,147,720 1.54% 220,193 $-1,609,239 Up ×4
SOXX iShares Trust $12,264,068 1.43% 19,140 $8,547,107 Up ×4
VRP Invesco Exchange-Traded Fund Trust II $11,437,747 1.34% 470,496 $184,038 Up ×3
JFLX J.P. Morgan Exchange-Traded Fund Trust $11,280,378 1.32% 223,817 $-65,561 Down ×1
VB VANGUARD INDEX FUNDS $10,886,605 1.27% 35,915 $1,235,674 Down ×1
IEMG iShares, Inc. $9,588,983 1.12% 115,753 $3,459,843 Up ×5
AAPL Apple Inc. - Common Stock $9,534,998 1.12% 32,952 $-229,131,537 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $9,283,235 1.09% 18,552 $1,428,189 Up ×2
IWM iShares Trust $8,417,851 0.98% 28,017 $2,454,780 Up ×3
XLY XLY $8,321,050 0.97% 70,950 $631,571 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $7,943,621 0.93% 22,482 $1,423,057 Down ×4
XLU XLU $7,550,150 0.88% 166,523 $-51,660 Up ×5
PLTR Palantir Technologies Inc. - Class A Common Stock $6,597,922 0.77% 56,552 $-1,596,098 Up ×2
IBIT iShares Bitcoin Trust ETF $6,178,391 0.72% 185,593 $-182,808 Up ×2
NLR VanEck ETF Trust $6,151,463 0.72% 53,039 $-650,950 Up ×2
VGT VANGUARD WORLD FUND $6,127,419 0.72% 51,267 $1,656,179 Up ×1
MSFT Microsoft Corporation - Common Stock $5,972,904 0.70% 16,012 $-1,945,641 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $5,636,669 0.66% 15,773 $1,178,042 Up ×2
RSP Invesco Exchange-Traded Fund Trust $5,399,890 0.63% 25,379 $1,157,306 Up ×2
XLE SELECT SECTOR SPDR TRUST $5,162,286 0.60% 97,200 $-848,326 Down ×2
IREN IREN Limited - Ordinary Shares $4,665,100 0.55% 102,014 $2,167,973 Up ×3
ITA iShares Trust $4,576,162 0.54% 18,877 $477,224 Up ×2
JPIE J.P. Morgan Exchange-Traded Fund Trust $4,448,512 0.52% 96,602 $-176,501 Down ×1
NVDA NVIDIA Corporation - Common Stock $4,447,039 0.52% 22,225 $211,540 Down ×1
TSLA Tesla, Inc. - Common Stock $4,026,404 0.47% 9,573 $-385,897 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $4,016,784 0.47% 7,131 $-83,855 Down ×1
XLP XLP $3,835,596 0.45% 46,173 $-15,823 Down ×2
KBE SPDR SERIES TRUST $3,617,161 0.42% 53,022 $459,701
INTC Intel Corporation - Common Stock $3,461,288 0.40% 24,789 $2,315,232 Down ×1
PBDC Putnam BDC Income ETF $3,365,877 0.39% 123,700 $-83,554 Down ×4
SMH SMH $2,982,988 0.35% 4,548 $1,164,138 Down ×3
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF $2,800,146 0.33% 92,201 $-292,321 Up ×1
PPA Invesco Exchange-Traded Fund Trust $2,392,724 0.28% 13,545 $148,317
MSTR Strategy Inc - Class A Common Stock $2,184,290 0.26% 25,127 $-951,560
LQD iShares Trust $2,142,782 0.25% 19,646 $-159,936 Down ×1
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $2,141,832 0.25% 134,876 $-194,949 Down ×6
BSV VANGUARD BOND INDEX FUNDS $2,114,471 0.25% 27,140 $310,319 Up ×6
XBI SPDR SERIES TRUST $2,090,787 0.24% 13,212 $406,197 Up ×1
COWZ Pacer Funds Trust $2,042,218 0.24% 32,833 $-83,451 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,962,314 0.23% 3,378 $1,355,482 Up ×4
JPM JP Morgan Chase & Co. Common Stock $1,900,478 0.22% 5,806 $28,150 Down ×1
VDE VANGUARD WORLD FUND $1,874,373 0.22% 12,485 $-286,031
HELO J.P. Morgan Exchange-Traded Fund Trust $1,844,446 0.22% 27,293 $100,512 Up ×1
AVGO Broadcom Inc. - Common Stock $1,803,001 0.21% 4,773 $628,101 Up ×3
XAR SPDR SERIES TRUST $1,750,984 0.20% 6,170 $394,731 Up ×1
VTV VANGUARD INDEX FUNDS $1,739,081 0.20% 7,980 $228,930 Up ×2
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $1,700,603 0.20% 27,670 $53,897 Down ×1
INDA iShares Trust $1,639,867 0.19% 33,202 $-4,293,375 Down ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS $1,604,954 0.19% 31,731 $94,634 Up ×1
BND Vanguard Total Bond Market ETF $1,598,870 0.19% 21,780 $-205,163 Down ×1
VFH VANGUARD WORLD FUND $1,564,671 0.18% 11,890 $128,351 Up ×1
SSO ProShares Trust $1,554,052 0.18% 23,064 $353,860 Down ×1
VTWO Vanguard Russell 2000 ETF $1,547,376 0.18% 12,744 $264,799 Down ×2
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $1,524,551 0.18% 15,808 $-52,317 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $1,497,700 0.18% 2 $61,420
MU Micron Technology, Inc. - Common Stock $1,470,565 0.17% 1,274 $890,832 Down ×1
EEM iShares, Inc. $1,415,882 0.17% 20,697 $240,499
COMB GraniteShares ETF Trust $1,354,620 0.16% 56,255 $-122,918
IFRA iShares Trust $1,304,298 0.15% 20,690 $745,740 Up ×2
IVW iShares Trust $1,301,176 0.15% 9,461 $254,286 Up ×1
CALF Pacer Funds Trust $1,255,988 0.15% 24,817 $142,449
IWF iShares Trust $1,248,732 0.15% 10,057 $914,434 Up ×1
VUG VANGUARD INDEX FUNDS $1,233,180 0.14% 14,316 $115,789 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $1,155,996 0.14% 1,143 $189,029
SCHD SCHWAB STRATEGIC TRUST $1,154,008 0.13% 36,393 $-434,841 Down ×2
EWU iShares Trust $1,153,500 0.13% 25,000 $14,500
IOO iShares Trust $1,127,496 0.13% 8,254 $129,010
IJR iShares Trust $1,112,622 0.13% 7,502 $156,181 Down ×2
HWM Howmet Aerospace Inc. Common Stock $1,075,440 0.13% 4,000 $153,600
BAC Bank of America Corporation Common Stock $1,074,586 0.13% 18,859 $105,972 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,073,988 0.13% 2,584
ARKK ARK ETF Trust $1,067,794 0.12% 13,212 $157,222 Down ×1
VTI VANGUARD INDEX FUNDS $1,025,381 0.12% 2,771 $136,416
IBB iShares Trust $1,022,697 0.12% 5,377 $167,094 Up ×1
IEF iShares 7-10 Year Treasury Bond ETF $981,813 0.11% 10,382 $597,042 Up ×2
EFA iShares Trust $962,509 0.11% 9,266 $186,857 Up ×6
GRNY Fundstrat Granny Shots US Large Cap ETF $941,483 0.11% 34,050 $128,709
AMAT Applied Materials, Inc. - Common Stock $897,243 0.10% 1,241 $522,983 Up ×1
FLIN Franklin Templeton ETF Trust $890,744 0.10% 25,042 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $884,460 0.10% 1,852 Up ×1
ACWI iShares MSCI ACWI ETF $857,686 0.10% 5,464 $102,548 Up ×1
IAU iShares Gold Trust Shares $844,730 0.10% 11,187 $-80,686 Up ×6
XT iShares Future Exponential Technologies ETF $787,877 0.09% 9,535 $138,073
ASML ASML Holding N.V. - New York Registry Shares $750,019 0.09% 377 $245,462 Down ×1
EUSA iShares, Inc. $733,785 0.09% 6,426 $79,811
VPL VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $682,224 0.08% 5,897 $105,910
WMT Walmart Inc. - Common Stock $667,441 0.08% 5,893 $-27,657 Up ×1
OEF iShares Trust $667,347 0.08% 1,824 $87,187
PDEC Innovator U.S. Equity Power Buffer ETF - December $656,456 0.08% 14,305 $48,493

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPY $210,993,113 24.68% up ×6
XLK $98,557,535 11.53% up ×3
XLF $36,254,679 4.24% up ×3
GLD $26,478,418 3.10% up ×4
SHLD $13,147,720 1.54% up ×4
SOXX $12,264,068 1.43% up ×4
VRP $11,437,747 1.34% up ×3
IEMG $9,588,983 1.12% up ×5
IWM $8,417,851 0.98% up ×3
XLY $8,321,050 0.97% up ×6
XLU $7,550,150 0.88% up ×5
IREN $4,665,100 0.55% up ×3
BSV $2,114,471 0.25% up ×6
AMD $1,962,314 0.23% up ×4
AVGO $1,803,001 0.21% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
UNH $1,073,988 2,584 0.13%
FLIN $890,744 25,042 0.10%
TSM $884,460 1,852 0.10%
SNDK $518,410 228 0.06%
AGG $363,946 3,677 0.04%
CRWD $346,466 454 0.04%
DELL $338,265 784 0.04%
ORCL $328,712 2,243 0.04%
STX $322,310 334 0.04%
PANW $309,987 909 0.04%
CIBR $268,205 2,985 0.03%
VEA $244,459 3,431 0.03%
MS $243,741 1,166 0.03%
KO $225,037 2,769 0.03%
FBTC $221,557 4,340 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +11K +$34.5M
XLK Bought more +4K +$30.3M
SOXX Bought more +8K +$8.5M
QQQ Bought more +1K +$8.0M
EZU Trimmed -105K -$5.3M
PAVE Bought more +4K +$5.1M
VOO Bought more +3K +$5.0M
INDA Trimmed -93K -$4.3M
GLD Bought more +2K -$3.8M
IEMG Bought more +28K +$3.5M

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
HEZU June 30, 2025 90,305 $3,519,194
CRM Dec. 31, 2025 12,601 $2,986,462 -11.4%
IUSB Sept. 30, 2025 59,608 $2,755,678
VCSH June 30, 2025 18,961 $1,496,781
RCL June 30, 2026 3,939 $1,083,934 -12.5%
SPXL June 30, 2026 5,230 $966,975
AA June 30, 2026 3,750 $864,225 -19.5%
TQQQ June 30, 2026 19,604 $817,095
PWB June 30, 2026 5,000 $629,650
VGIT Sept. 30, 2025 10,449 $624,955
VO Sept. 30, 2025 1,780 $498,097
MBB Sept. 30, 2025 5,000 $469,450
IWD March 31, 2026 2,098 $441,293
BITO Sept. 30, 2025 19,800 $425,905
VEA March 31, 2026 6,719 $419,736
UNH March 31, 2026 1,154 $380,947 37.4%
GE June 30, 2026 1,308 $371,171 -17.2%
IVV June 30, 2025 628 $352,873
PFE June 30, 2026 12,210 $342,857 15.4%
WGS March 31, 2026 2,632 $342,318 13.8%
SOFI Sept. 30, 2025 18,715 $340,800 -40.3%
IXC Sept. 30, 2025 8,500 $333,965 37.6%
IMCB June 30, 2026 4,000 $333,720 -0.6%
EWC Sept. 30, 2025 6,991 $322,984
DB Sept. 30, 2025 11,000 $322,080 -1.2%
COST June 30, 2026 287 $285,975 -1.6%
BXSL Dec. 31, 2025 10,630 $277,124 -10.3%
SHY Dec. 31, 2025 3,270 $271,279
VNQ Dec. 31, 2025 2,940 $268,775
TSLL Sept. 30, 2025 22,464 $265,300
HD June 30, 2026 803 $264,099 -19.8%
NKE June 30, 2025 4,132 $262,299 -52.3%
CIBR March 31, 2026 3,615 $258,292
XOM June 30, 2026 1,484 $251,775 20.0%
HYD June 30, 2026 4,985 $249,948 -6.7%
SBUX Dec. 31, 2025 2,907 $245,932 12.5%
ARKF Sept. 30, 2025 4,822 $242,257
CAT June 30, 2026 337 $238,751 -20.6%
MCHI Dec. 31, 2025 3,565 $234,755
CRWD March 31, 2026 491 $230,161 -30.8%
SHOP June 30, 2025 2,381 $227,338 31.2%
SHEL Sept. 30, 2025 3,175 $223,552 34.5%
PG June 30, 2025 1,299 $221,317 -9.0%
FDN March 31, 2026 807 $217,228
HOOD March 31, 2026 1,916 $216,700 62.7%
TLH Sept. 30, 2025 2,093 $212,649
ANET June 30, 2026 1,705 $209,340 22.1%
MS March 31, 2026 1,179 $209,308 15.6%
BOND June 30, 2026 2,266 $209,130 -4.9%
PHM Dec. 31, 2025 1,563 $206,519 -1.3%
IWB June 30, 2026 579 $206,448
PYPL June 30, 2025 3,108 $202,797 -29.0%
VGSH June 30, 2026 3,431 $200,851
DIS Dec. 31, 2025 1,747 $200,032 -10.2%
ETV Sept. 30, 2025 14,163 $196,441 4.8%
LOMA Sept. 30, 2025 13,044 $143,093 24.3%
JPC Dec. 31, 2025 10,162 $83,328 -14.8%
WULF Sept. 30, 2025 16,080 $70,430 35.6%
AUR Sept. 30, 2025 10,000 $52,400 5.2%
VSME March 31, 2026 43,000 $4,326 -7.0%