Sector breakdown

04
Industrials 8.7%
Technology 7.9%
Retail 1.3%
Communication Services 1.3%
Financials 1.2%
Healthcare 0.5%
Consumer Discretionary 0.4%
Energy 0.2%
Real Estate 0.1%
Consumer products 0.1%
Materials 0.1%
Consumer Staples 0.1%
Utilities 0.1%
Other/Unmapped 78.2%

Full portfolio 248 positions

05
Type Streak 8Q trend
AVLV AMERICAN CENTURY ETF TRUST $189,502,041 11.96% 2,077,645 $30,653,948 Up ×6
KRMN Karman Holdings Inc. Common Stock $128,266,295 8.10% 2,569,437 $-77,417,857 Down ×1
MGK VANGUARD WORLD FUND $105,359,603 6.65% 1,198,494 $19,475,123 Up ×6
AAPL Apple Inc. - Common Stock $81,151,927 5.12% 280,453 $9,542,571 Down ×1
QQQ Invesco QQQ Trust, Series 1 $76,672,134 4.84% 104,118 $16,392,072 Down ×1
FBND Fidelity Merrimack Street Trust $74,364,226 4.69% 1,634,738 $5,681,646 Up ×6
DFIV Dimensional ETF Trust $69,762,418 4.40% 1,291,418 $3,288,854 Up ×4
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $67,089,264 4.24% 2,529,761 $5,030,898 Up ×6
BINC iShares Flexible Income Active ETF $66,612,726 4.21% 1,272,693 $4,591,171 Up ×6
AVEM AMERICAN CENTURY ETF TRUST $61,076,025 3.86% 632,978 $12,686,920 Up ×1
VGSH Vanguard Short-Term Treasury ETF $60,099,342 3.79% 1,032,635 $3,361,871 Up ×6
IHDG WisdomTree Trust $52,324,550 3.30% 998,941 $7,145,880 Up ×5
VNQ VANGUARD SPECIALIZED FUNDS $44,693,497 2.82% 463,481 $5,439,819 Up ×6
AVUV AMERICAN CENTURY ETF TRUST $33,771,574 2.13% 270,692 $5,043,961 Up ×5
IJT iShares S&P SmallCap 600 Growth ETF $32,654,151 2.06% 182,834 $6,818,733 Up ×4
AVDV AMERICAN CENTURY ETF TRUST $27,561,156 1.74% 267,454 $1,348,545 Up ×1
FPE First Trust Exchange-Traded Fund III $27,440,479 1.73% 1,534,702 $559,573 Up ×6
AVMV AMERICAN CENTURY ETF TRUST $26,328,641 1.66% 326,922 $2,713,025 Up ×1
IWP iShares Trust $22,162,175 1.40% 151,371 $3,419,334 Up ×4
VUG VANGUARD INDEX FUNDS $21,544,360 1.36% 250,109 $3,881,293 Up ×2
VTV VANGUARD INDEX FUNDS $20,155,093 1.27% 92,484 $1,790,478 Down ×5
DFAE Dimensional ETF Trust $16,131,934 1.02% 401,192 $2,054,787 Down ×2
NVDA NVIDIA Corporation - Common Stock $12,791,875 0.81% 63,931 $2,179,301 Up ×6
COST Costco Wholesale Corporation - Common Stock $11,004,601 0.69% 11,764 $1,001,759 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $8,655,101 0.55% 24,496 $1,548,755 Down ×1
VOE VANGUARD INDEX FUNDS $7,339,296 0.46% 37,142 $236,881 Down ×2
IVE iShares Trust $6,171,423 0.39% 27,180 $238,382 Down ×4
MSFT Microsoft Corporation - Common Stock $5,977,484 0.38% 16,025 $206,527 Up ×6
AMZN Amazon.com, Inc. - Common Stock $5,708,364 0.36% 23,951 $568,571 Down ×1
IWS iShares Trust $5,302,338 0.33% 32,213 $1,499,151 Up ×1
TSLA Tesla, Inc. - Common Stock $5,230,355 0.33% 12,435 $229,007 Down ×1
IDHQ Invesco Exchange-Traded Fund Trust II $4,698,488 0.30% 107,492 $759,365 Down ×4
VBR VANGUARD INDEX FUNDS $4,458,024 0.28% 18,347 $297,979 Down ×5
MU Micron Technology, Inc. - Common Stock $4,319,365 0.27% 3,742 $2,292,940 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $4,206,439 0.27% 11,771 $726,048 Down ×1
BK The Bank of New York Mellon Corporation Common Stock $4,165,539 0.26% 28,805 $747,295 Down ×1
JPM JP Morgan Chase & Co. Common Stock $3,929,957 0.25% 12,006 $371,474 Down ×1
IEMG iShares, Inc. $3,857,097 0.24% 46,561 $390,941 Down ×6
AVDE AMERICAN CENTURY ETF TRUST $3,853,600 0.24% 43,202 $154,678 Down ×2
VEA VANGUARD TAX-MANAGED FUNDS $3,831,847 0.24% 53,780 $1,222,496 Up ×1
VBK VANGUARD INDEX FUNDS $3,816,959 0.24% 10,437 $609,331 Down ×5
VTI VANGUARD INDEX FUNDS $3,598,549 0.23% 9,725 $544,628 Up ×2
RWR SPDR SERIES TRUST $3,366,948 0.21% 29,804 $511,580 Up ×1
BUFR First Trust Exchange-Traded Fund VIII $3,343,956 0.21% 91,540 $362,166 Up ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $3,279,542 0.21% 54,943 $276,459 Down ×1
QQQM Invesco NASDAQ 100 ETF $3,222,492 0.20% 10,636 $966,938 Up ×1
IVV iShares Trust $3,173,219 0.20% 4,237 $465,603 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $3,016,245 0.19% 5,355 $-202,874 Down ×1
DWM WisdomTree Trust $2,968,699 0.19% 40,548 $2,154,786 Up ×3
VOO VANGUARD INDEX FUNDS $2,900,263 0.18% 4,223 $333,690 Down ×1
PFF iShares Preferred and Income Securities ETF $2,764,949 0.17% 90,684 $1,742,384 Up ×1
VEU VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,755,919 0.17% 32,906 $140,432 Down ×1
AMAT Applied Materials, Inc. - Common Stock $2,752,198 0.17% 3,807 $1,439,396 Down ×1
VSS VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,699,741 0.17% 17,498 $92,625 Down ×6
BAC Bank of America Corporation Common Stock $2,518,981 0.16% 44,208 $374,607 Up ×1
SPY SPY $2,485,707 0.16% 3,329 $400,087 Up ×2
IWN iShares Trust $2,339,179 0.15% 10,575 $318,548 Down ×6
ISRG Intuitive Surgical, Inc. - Common Stock $2,211,101 0.14% 5,560 $-397,180 Down ×2
AVGO Broadcom Inc. - Common Stock $2,170,127 0.14% 5,745 $310,225 Down ×1
DFUS Dimensional ETF Trust $2,084,414 0.13% 25,438 $374,207 Up ×3
VGT VANGUARD WORLD FUND $1,939,506 0.12% 16,227 $510,951 Up ×1
NULG Nushares ETF Trust $1,924,769 0.12% 16,443 $271,154 Down ×1
INTC Intel Corporation - Common Stock $1,906,680 0.12% 13,655 $1,298,514 Down ×1
WMT Walmart Inc. - Common Stock $1,809,326 0.11% 15,975 $-310,795 Down ×1
HD Home Depot, Inc. (The) Common Stock $1,799,236 0.11% 5,102 $263,492 Up ×2
VOT VANGUARD INDEX FUNDS $1,734,986 0.11% 5,664 $447,721 Up ×1
IWF iShares Trust $1,648,536 0.10% 13,276 $224,755 Up ×1
NULV Nushares ETF Trust $1,619,974 0.10% 32,406 $95,271 Down ×3
QCJL First Trust Exchange-Traded Fund VIII $1,564,710 0.10% 62,451 $109,066 Up ×1
SPAB SPDR SERIES TRUST $1,556,286 0.10% 60,983 $857,782 Up ×1
SCZ iShares MSCI EAFE Small-Cap ETF $1,547,427 0.10% 18,809 $66,026 Down ×6
LLY Eli Lilly and Company Common Stock $1,545,234 0.10% 1,288 $327,176 Down ×1
SNDK Sandisk Corporation - Common Stock $1,471,103 0.09% 647 $1,084,816 Up ×1
LRCX Lam Research Corporation - Common Stock $1,457,289 0.09% 3,363 $632,989 Down ×5
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,436,079 0.09% 2,870 $-571,251 Down ×1
BNDX Vanguard Total International Bond ETF $1,432,242 0.09% 29,573 $-70,683 Down ×3
SCHC SCHWAB STRATEGIC TRUST $1,371,901 0.09% 28,510 $2,653 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,342,654 0.08% 3,800 Put option Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,323,799 0.08% 2,279 $883,011 Up ×4
BIL SPDR SERIES TRUST $1,323,281 0.08% 14,440 $-35,328 Down ×1
ESGD iShares ESG Aware MSCI EAFE ETF $1,267,928 0.08% 12,333 $-73,786 Down ×3
MUB iShares Trust $1,251,621 0.08% 11,630 $-121,217 Down ×1
JEPI J.P. Morgan Exchange-Traded Fund Trust $1,243,011 0.08% 22,008 $-14,563 Down ×2
EQIX Equinix, Inc. - Common Stock $1,221,681 0.08% 1,172 $54,215 Down ×1
AGG iShares Trust $1,136,915 0.07% 11,486 $880,668 Up ×2
SNDK Sandisk Corporation - Common Stock $1,136,865 0.07% 500 Put option Up ×1
JNJ Johnson & Johnson Common Stock $1,116,124 0.07% 4,395 $-10,429 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $1,113,768 0.07% 560 $441,677 Up ×2
EFV iShares Trust $1,110,222 0.07% 14,503 $7,297 Down ×6
QCJA First Trust Exchange-Traded Fund VIII $1,071,168 0.07% 45,845 $83,667
UPST Upstart Holdings, Inc. - Common stock $1,065,274 0.07% 30,067 $293,081 Down ×3
DJAN First Trust Exchange-Traded Fund VIII $1,064,629 0.07% 23,386 $70,022
CAT Caterpillar, Inc. Common Stock $1,052,749 0.07% 989 $390,645 Up ×2
XLE SELECT SECTOR SPDR TRUST $1,044,451 0.07% 19,666 $-218,903 Down ×2
KBH KB Home Common Stock $1,043,062 0.07% 16,665 $180,648
WDC Western Digital Corporation - Common Stock $1,037,920 0.07% 1,625 $450,957 Down ×1
IWB iShares Trust $1,036,494 0.07% 2,531 $135,667 Up ×2
DJUL First Trust Exchange-Traded Fund VIII $1,021,604 0.06% 20,373 $69,370
DFAT Dimensional ETF Trust $1,014,668 0.06% 14,516 $108,144
DE Deere & Company Common Stock $1,010,488 0.06% 1,593 $755,313 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
AVLV $189,502,041 11.96% up ×6
MGK $105,359,603 6.65% up ×6
FBND $74,364,226 4.69% up ×6
DFIV $69,762,418 4.40% up ×4
PYLD $67,089,264 4.24% up ×6
BINC $66,612,726 4.21% up ×6
VGSH $60,099,342 3.79% up ×6
IHDG $52,324,550 3.30% up ×5
VNQ $44,693,497 2.82% up ×6
AVUV $33,771,574 2.13% up ×5
IJT $32,654,151 2.06% up ×4
FPE $27,440,479 1.73% up ×6
IWP $22,162,175 1.40% up ×4
NVDA $12,791,875 0.81% up ×6
MSFT $5,977,484 0.38% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GOOG $1,342,654 3,800 0.08%
SNDK $1,136,865 500 0.07%
DE $634,330 1,000 0.04%
WLDN $520,478 6,580 0.03%
Unknown issuer (CUSIP: 84615Q103) $501,474 2,935 0.03%
KLAC $384,348 1,274 0.02%
AIPI $358,787 9,650 0.02%
QQQI $323,703 5,700 0.02%
BN $260,821 6,124 0.02%
ALLW $259,771 8,875 0.02%
MRVL $257,673 865 0.02%
CRWD $257,178 337 0.02%
GRID $256,370 1,337 0.02%
PM $250,654 1,386 0.02%
SO $249,593 2,608 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
KRMN Trimmed -9 -$77.4M
AVLV Bought more +107K +$30.7M
MGK Bought more +965K +$19.5M
QQQ Trimmed -321 +$16.4M
AVEM Bought more +32K +$12.7M
AAPL Trimmed -2K +$9.5M
IHDG Bought more +61K +$7.1M
IJT Bought more +4K +$6.8M
FBND Bought more +129K +$5.7M
VNQ Bought more +21K +$5.4M

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
SGOV June 30, 2026 11,963 $1,204,226 0.0%
ASIA June 30, 2025 17,148 $446,511
PYPL March 31, 2026 6,985 $407,784 16.7%
CTAS June 30, 2026 2,266 $383,271 13.5%
MDYV June 30, 2026 4,244 $361,346 -4.8%
QQQI Dec. 31, 2025 6,501 $352,354
CELH June 30, 2026 9,065 $321,626 -8.6%
XLK June 30, 2025 1,544 $318,733 57.8%
UBER June 30, 2026 4,349 $312,788 -5.6%
WLDN March 31, 2026 2,981 $309,010 -3.9%
PH June 30, 2026 343 $307,408 -0.6%
T June 30, 2026 10,553 $305,922 17.4%
HON June 30, 2026 1,294 $292,342 -4.4%
ADBE June 30, 2026 1,162 $282,540 15.9%
ACN March 31, 2026 940 $252,202 0.3%
CMCSA June 30, 2026 8,698 $249,733 -12.1%
DIA Sept. 30, 2025 565 $248,848
EIX June 30, 2026 3,240 $237,103 -27.6%
MSTR Dec. 31, 2025 731 $235,536 5.3%
NOW June 30, 2026 2,145 $224,260 35.4%
SLV June 30, 2026 3,273 $223,022 2.4%
FNDA June 30, 2026 6,833 $221,596 -6.6%
WFC March 31, 2026 2,373 $221,174 1.1%
COP June 30, 2025 2,095 $219,982 41.2%
PFE June 30, 2026 7,658 $215,042 15.4%
MRSH June 30, 2026 1,224 $212,303 2.0%
IBIT Sept. 30, 2025 3,443 $210,746
FNDA June 30, 2025 7,619 $208,696 24.0%
DE Dec. 31, 2025 450 $205,767 47.6%
MMM March 31, 2026 1,284 $205,614 11.5%
HOOD March 31, 2026 1,816 $205,399 62.7%
COF March 31, 2026 842 $204,152 6.7%
TSII March 31, 2026 7,968 $203,175
HON Dec. 31, 2025 963 $202,658 9.7%
GD June 30, 2026 588 $201,707 -6.8%
CRM March 31, 2026 761 $201,597 25.7%
EMR March 31, 2026 1,508 $200,144 23.3%
PCG March 31, 2026 11,140 $179,020 -29.9%
COUR June 30, 2026 10,249 $59,649 -11.0%
SENS Dec. 31, 2025 38,724 $16,876 79.0%