Sector breakdown

04
Technology 1.8%
Communication Services 0.5%
Financials 0.4%
Retail 0.3%
Industrials 0.3%
Healthcare 0.3%
Consumer Discretionary 0.1%
Energy 0.1%
Consumer Staples 0.1%
Utilities 0.0%
Consumer products 0.0%
Real Estate 0.0%
Materials 0.0%
Other/Unmapped 95.9%

Full portfolio 411 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $1,105,171,083 15.84% 15,511,173 $211,074,653 Up ×6
VTI VANGUARD INDEX FUNDS $905,285,687 12.97% 2,446,454 $189,451,975 Up ×5
QUAL iShares Trust $724,158,606 10.38% 3,300,180 $155,260,409 Up ×5
BND Vanguard Total Bond Market ETF $600,344,541 8.60% 8,177,967 $76,489,991 Up ×6
VTV VANGUARD INDEX FUNDS $374,366,075 5.36% 1,717,827 $62,081,623 Up ×4
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $251,588,070 3.61% 4,214,912 $49,691,294 Up ×5
EMXC iShares MSCI Emerging Markets ex China ETF $223,861,858 3.21% 2,188,288 $52,763,690 Up ×2
MUB iShares Trust $202,711,129 2.90% 1,883,582 $54,335,083 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $190,027,962 2.72% 2,299,189 $24,525,172 Up ×6
SPMD SPDR SERIES TRUST $178,111,322 2.55% 2,636,343 $25,078,219 Up ×2
IUSG iShares Core S&P U.S. Growth ETF $166,443,091 2.39% 884,912 $40,184,166 Up ×5
MGK VANGUARD WORLD FUND $162,185,806 2.32% 1,844,907 $42,212,653 Up ×5
IEI iShares 3-7 Year Treasury Bond ETF $142,451,243 2.04% 1,212,867 $17,921,624 Up ×6
IEFA iShares Trust $137,778,556 1.97% 1,426,574 $5,481,578 Down ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS $131,042,871 1.88% 2,590,804 $-616,257 Down ×1
ITOT iShares Trust $125,360,417 1.80% 763,136 $13,394,683 Down ×1
CMF iShares Trust $100,893,585 1.45% 1,750,409 $10,993,736 Up ×5
JQUA J.P. Morgan Exchange-Traded Fund Trust $91,718,784 1.31% 1,268,937 $13,978,870 Up ×2
SPDW SPDR INDEX SHARES FUNDS $67,745,711 0.97% 1,344,428 $4,341,348 Down ×1
SPYV SPDR SERIES TRUST $48,233,067 0.69% 793,438 $-1,632,832 Down ×1
ESGV VANGUARD WORLD FUND $45,944,498 0.66% 347,433 $5,599,944 Down ×2
USMV iShares Trust $45,138,733 0.65% 467,953 $1,923,295 Up ×6
SCHG SCHWAB STRATEGIC TRUST $44,012,611 0.63% 1,300,609 $5,074,062 Down ×1
AAPL Apple Inc. - Common Stock $43,886,193 0.63% 151,666 $7,748,846 Up ×1
VGLT Vanguard Long-Term Treasury ETF $38,449,493 0.55% 696,801 $4,972,953 Up ×5
SCHB SCHWAB STRATEGIC TRUST $36,006,217 0.52% 1,243,309 $4,637,501 Down ×1
FLRN SPDR SERIES TRUST $35,996,640 0.52% 1,166,828 $-558,925 Down ×1
VGSH Vanguard Short-Term Treasury ETF $35,024,205 0.50% 601,790 $-448,547 Down ×1
TFLO iShares Trust $34,758,225 0.50% 686,514 $-669,642 Down ×1
IEMG iShares, Inc. $31,908,780 0.46% 385,186 $4,523,998 Down ×1
NYF iShares Trust $30,780,283 0.44% 571,010 $3,005,122 Up ×5
VOO VANGUARD INDEX FUNDS $27,975,909 0.40% 40,733 $9,739,585 Up ×5
EFAV iShares Trust $26,801,758 0.38% 305,572 $-709,024 Up ×6
NVDA NVIDIA Corporation - Common Stock $26,309,097 0.38% 131,486 $8,753,852 Up ×5
VSGX VANGUARD WORLD FUND $25,845,794 0.37% 313,891 $3,174,956 Down ×2
VO VANGUARD INDEX FUNDS $21,013,143 0.30% 260,806 $-4,393,825 Up ×2
VUG VANGUARD INDEX FUNDS $19,132,161 0.27% 222,105 $3,555,611 Up ×3
SPEM SPDR INDEX SHARES FUNDS $18,561,405 0.27% 358,467 $1,077,551 Down ×1
SPTM SPDR SERIES TRUST $16,523,502 0.24% 181,997 $2,168,147 Up ×2
JAAA Janus Detroit Street Trust $14,851,533 0.21% 294,148 $6,345,450 Up ×4
AGG iShares Trust $14,096,369 0.20% 142,416 $-185,788 Down ×1
ESGU iShares ESG Aware MSCI USA ETF $13,795,060 0.20% 84,286 $962,852 Down ×1
MSFT Microsoft Corporation - Common Stock $13,105,578 0.19% 35,134 $1,625,558 Up ×6
EAGG iShares Trust $12,239,626 0.18% 258,165 $1,160,048 Up ×5
AMZN Amazon.com, Inc. - Common Stock $10,692,667 0.15% 44,863 $2,766,924 Up ×1
IVV iShares Trust $9,952,248 0.14% 13,289 $2,190,849 Up ×4
GOOGL Alphabet Inc. - Class A Common Stock $9,902,607 0.14% 27,710 $3,144,798 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $9,162,301 0.13% 16,266 $283,249 Up ×6
SCHF SCHWAB STRATEGIC TRUST $8,917,772 0.13% 321,941 $981,927 Up ×6
SPAB SPDR SERIES TRUST $8,058,412 0.12% 315,768 $-514,075 Down ×1
AVGO Broadcom Inc. - Common Stock $8,020,389 0.11% 21,232 $3,300,671 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $8,018,570 0.11% 22,694 $2,485,763 Up ×6
SPY SPY $7,507,963 0.11% 10,054 $2,277,277 Up ×3
ESGD iShares ESG Aware MSCI EAFE ETF $7,222,077 0.10% 70,247 $-589,184 Down ×1
VONG Vanguard Russell 1000 Growth ETF $6,706,739 0.10% 52,474 $752,955 Down ×1
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $6,551,595 0.09% 78,228 $892,359 Up ×6
VXUS Vanguard Total International Stock ETF $5,750,879 0.08% 67,270 $2,056,683 Up ×1
TSLA Tesla, Inc. - Common Stock $5,336,772 0.08% 12,688 $1,026,310 Up ×1
CAT Caterpillar, Inc. Common Stock $4,656,600 0.07% 4,373 $2,269,514 Up ×6
JPM JP Morgan Chase & Co. Common Stock $4,480,412 0.06% 13,688 $1,428,575 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,083,144 0.06% 8,160 $154,797 Down ×1
QQQ Invesco QQQ Trust, Series 1 $4,032,803 0.06% 5,476 $940,587 Up ×5
LLY Eli Lilly and Company Common Stock $3,890,118 0.06% 3,243 $1,874,579 Up ×2
IWN iShares Trust $3,679,485 0.05% 16,634 $-2,060,637 Down ×3
WMT Walmart Inc. - Common Stock $3,445,326 0.05% 30,420 $229,780 Up ×5
VIG VANGUARD SPECIALIZED FUNDS $3,431,850 0.05% 14,504 $863,467 Up ×6
AMAT Applied Materials, Inc. - Common Stock $3,426,297 0.05% 4,739 $2,028,376 Up ×4
IWM iShares Trust $3,337,218 0.05% 11,107 $946,895 Up ×5
SPYM State Street SPDR Portfolio S&P 500 ETF $3,308,925 0.05% 37,653 $949,561 Up ×1
SUSC iShares ESG Aware USD Corporate Bond ETF $3,092,875 0.04% 133,593 $291,659 Up ×5
MU Micron Technology, Inc. - Common Stock $3,038,091 0.04% 2,632 $2,257,681 Up ×2
COST Costco Wholesale Corporation - Common Stock $3,007,144 0.04% 3,215 $413,117 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $3,001,789 0.04% 5,167 $2,078,137 Up ×4
AVUS AMERICAN CENTURY ETF TRUST $2,853,622 0.04% 22,280 $349,176 Down ×1
DFAC Dimensional ETF Trust $2,833,983 0.04% 63,886 $1,491,564 Up ×4
ABBV AbbVie Inc. Common Stock $2,814,342 0.04% 11,184 $331,594 Down ×1
SCHX SCHWAB STRATEGIC TRUST $2,786,366 0.04% 94,678 $1,108,439 Up ×4
XOM Exxon Mobil Corporation Common Stock $2,773,912 0.04% 20,289 $128,998 Up ×5
JNJ Johnson & Johnson Common Stock $2,693,098 0.04% 10,604 $423,473 Up ×4
HD Home Depot, Inc. (The) Common Stock $2,605,599 0.04% 7,388 $1,164,037 Up ×5
VBR VANGUARD INDEX FUNDS $2,545,675 0.04% 10,476 $-4,115,331 Down ×5
CSCO Cisco Systems, Inc. - Common Stock $2,481,108 0.04% 21,123 $1,146,870 Up ×5
V Visa Inc. $2,423,588 0.03% 7,064 $861,309 Up ×6
VXF VANGUARD INDEX FUNDS $2,298,617 0.03% 9,336 $564,340 Up ×1
NFLX Netflix, Inc. - Common Stock $2,230,235 0.03% 31,236 $-452,529 Up ×5
IBM International Business Machines Corporation Common Stock $2,035,117 0.03% 7,237 $259,673 Down ×1
INTC Intel Corporation - Common Stock $1,981,210 0.03% 14,189 $1,552,807 Up ×2
IWB iShares Trust $1,972,971 0.03% 4,818 $741,413 Up ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,911,235 0.03% 4,002 $882,853 Up ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $1,747,647 0.03% 1,728 $713,847 Up ×4
SCHA SCHWAB STRATEGIC TRUST $1,701,387 0.02% 47,091 $485,357 Up ×5
ASML ASML Holding N.V. - New York Registry Shares $1,695,706 0.02% 852 $950,564 Up ×2
BAC Bank of America Corporation Common Stock $1,669,965 0.02% 29,308 $521,273 Up ×5
LRCX Lam Research Corporation - Common Stock $1,609,388 0.02% 3,714 $1,067,546 Up ×2
RTX RTX Corporation Common Stock $1,606,122 0.02% 8,465 $388,093 Up ×5
IWF iShares Trust $1,582,422 0.02% 12,744 $183,830 Up ×6
MRK Merck & Company, Inc. Common Stock (new) $1,558,577 0.02% 12,129 $313,215 Up ×6
GE GE Aerospace Common Stock $1,553,222 0.02% 4,156 $78,186 Down ×1
BNDX Vanguard Total International Bond ETF $1,496,293 0.02% 30,896 $612,312 Up ×1
IVW iShares Trust $1,489,422 0.02% 10,830 $328,913 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
VEA $1,105,171,083 15.84% up ×6
VTI $905,285,687 12.97% up ×5
QUAL $724,158,606 10.38% up ×5
BND $600,344,541 8.60% up ×6
VTV $374,366,075 5.36% up ×4
VWO $251,588,070 3.61% up ×5
VCIT $190,027,962 2.72% up ×6
IUSG $166,443,091 2.39% up ×5
MGK $162,185,806 2.32% up ×5
IEI $142,451,243 2.04% up ×6
CMF $100,893,585 1.45% up ×5
USMV $45,138,733 0.65% up ×6
VGLT $38,449,493 0.55% up ×5
NYF $30,780,283 0.44% up ×5
VOO $27,975,909 0.40% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
RDDT $1,051,270 6,056 0.02%
IUSV $616,399 5,596 0.01%
CGGR $556,866 11,798 0.01%
SNDK $522,958 230 0.01%
PVAL $521,320 10,232 0.01%
MDLZ $491,235 8,493 0.01%
SNPS $488,001 1,094 0.01%
VOOV $479,412 2,187 0.01%
BSX $385,443 9,031 0.01%
APP $383,846 745 0.01%
BRO $370,595 5,777 0.01%
CHTR $361,071 2,539 0.01%
VCSH $354,054 4,480 0.01%
AVDV $344,084 3,339 0.00%
LNG $338,677 1,417 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VEA Bought more +1.6M +$211.1M
VTI Bought more +215K +$189.5M
QUAL Bought more +334K +$155.3M
BND Bought more +1.1M +$76.5M
VTV Bought more +126K +$62.1M
MUB Bought more +486K +$54.3M
EMXC Bought more +13K +$52.8M
VWO Bought more +480K +$49.7M
MGK Bought more +1.5M +$42.2M
IUSG Bought more +71K +$40.2M

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
HYMB March 31, 2026 30,303 $760,302 -4.5%
JMUB March 31, 2026 12,830 $651,764
GLXY March 31, 2026 20,039 $639,244 25.0%
JBL Dec. 31, 2025 2,307 $501,011 33.5%
BIV March 31, 2026 6,397 $497,751
VTIP March 31, 2026 9,598 $476,157
DASH March 31, 2026 2,088 $431,507 26.0%
HON June 30, 2026 1,674 $378,342 -4.4%
PYPL June 30, 2025 5,309 $363,879 -29.0%
HCA March 31, 2026 732 $359,810 -9.8%
ADI June 30, 2025 1,758 $347,592 75.3%
SCHZ March 31, 2026 14,689 $344,016 -4.2%
COR March 31, 2026 950 $333,013 -1.6%
IAU June 30, 2025 5,048 $316,971 25.0%
LHX June 30, 2026 912 $314,750 -18.6%
FJUN June 30, 2026 5,427 $306,642
SUB June 30, 2026 2,870 $305,655
GLDM June 30, 2026 3,014 $279,368 3.3%
VRTX Dec. 31, 2025 691 $270,623 11.3%
COWZ June 30, 2026 4,306 $269,383
ICSH March 31, 2026 5,181 $262,832
INTU Dec. 31, 2025 384 $262,237 -57.6%
ADBE June 30, 2026 1,073 $260,825 15.9%
USIG June 30, 2026 5,079 $260,197
MSI Dec. 31, 2025 562 $256,997 16.7%
SLV June 30, 2026 3,736 $254,571 2.4%
RKLB March 31, 2026 2,838 $251,362 15.1%
IGIB June 30, 2026 4,574 $243,421
XLG March 31, 2026 4,091 $242,514
EZU June 30, 2026 3,835 $240,224
CME June 30, 2026 795 $234,803 19.2%
MCO March 31, 2026 452 $233,631 1.2%
NOC June 30, 2026 338 $230,597 -6.1%
IWY June 30, 2026 916 $227,937
CMCSA June 30, 2026 7,913 $227,182 -12.1%
EMR March 31, 2026 1,513 $224,560 23.3%
VMBS June 30, 2026 4,770 $223,963
MDT June 30, 2026 2,574 $223,037 10.4%
CPRT June 30, 2026 6,688 $222,042 -3.4%
DGRW March 31, 2026 2,429 $221,841
BNDX Sept. 30, 2025 4,422 $218,205
XLE June 30, 2026 3,548 $217,350 18.3%
AA June 30, 2026 3,253 $215,771 -19.5%
VNQI June 30, 2026 4,845 $215,360
AXON Dec. 31, 2025 298 $213,857 -27.2%
GSIE June 30, 2026 4,939 $213,002
ACWX March 31, 2026 2,953 $211,760
FDX June 30, 2026 592 $210,859 -7.3%
WYNN June 30, 2026 2,075 $210,716 -21.8%
JEPI June 30, 2026 3,683 $208,752
ZM June 30, 2026 2,591 $208,290 7.6%
PDBC June 30, 2026 11,764 $203,752
LIN Dec. 31, 2025 425 $201,875 12.5%
DHR June 30, 2026 1,062 $201,355 12.4%
PFLT March 31, 2026 19,805 $186,365 -14.9%
LUMN Sept. 30, 2025 24,379 $108,487 -6.0%
USA March 31, 2026 12,097 $73,792 4.9%
UAA March 31, 2026 10,509 $63,790 -20.3%