Sector breakdown

04
Industrials 12.0%
Technology 8.7%
Communication Services 4.5%
Utilities 4.3%
Financials 3.8%
Healthcare 3.6%
Energy 1.5%
Retail 1.4%
Consumer products 0.5%
Other/Unmapped 59.6%

Full portfolio 55 positions

05
Type Streak 8Q trend
SUSA iShares ESG Optimized MSCI USA ETF $14,317,189 7.64% 92,788 $1,433,872 Down ×3
ITOT iShares Trust $13,233,920 7.06% 80,562 $87,061 Down ×4
IVLU iShares Trust $11,783,455 6.29% 281,766 $621,986 Up ×1
MOAT VanEck ETF Trust $9,875,889 5.27% 94,997 $-239,995 Down ×5
ICSH iShares Ultra Short Duration Bond Active ETF $8,431,889 4.50% 166,704 $872,399 Up ×1
AAPL Apple Inc. - Common Stock $7,672,092 4.10% 26,514 $880,164 Down ×6
SCHO SCHWAB STRATEGIC TRUST $7,282,194 3.89% 301,665 $1,695,871 Up ×1
SGOV iShares Trust $6,304,359 3.37% 62,624 $-1,785,283 Down ×2
HDV iShares Trust $5,443,709 2.91% 198,603 $103,669 Up ×1
DIVO Amplify ETF Trust $5,371,533 2.87% 117,539 $246,209 Up ×2
SCHR SCHWAB STRATEGIC TRUST $5,333,663 2.85% 216,288 $1,286,086 Up ×3
PFF iShares Preferred and Income Securities ETF $5,240,591 2.80% 171,879 $737,313 Up ×1
NVDA NVIDIA Corporation - Common Stock $5,010,654 2.67% 25,042 $413,993 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $4,672,256 2.49% 13,074 $907,232 Down ×1
MTZ MasTec, Inc. Common Stock $4,375,287 2.34% 10,516 $183,336 Down ×3
PLXS Plexus Corp. - Common Stock $4,232,231 2.26% 14,076 $1,427,457 Up ×1
SCHY SCHWAB STRATEGIC TRUST $4,009,943 2.14% 126,377 $73,401 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $3,718,490 1.99% 31,658 $643,249 Down ×3
QQQ Invesco QQQ Trust, Series 1 $3,470,654 1.85% 4,713 $771,760 Up ×2
CNI Canadian National Railway Company Common Stock $2,978,139 1.59% 24,976 $434,375 Up ×5
MSFT Microsoft Corporation - Common Stock $2,976,887 1.59% 7,981 $-120,511 Down ×1
SCHB SCHWAB STRATEGIC TRUST $2,926,872 1.56% 101,066 $256,533 Down ×1
CNQ Canadian Natural Resources Limited Common Stock $2,901,236 1.55% 73,449 $-470,393 Up ×2
DGX Quest Diagnostics Incorporated Common Stock $2,844,369 1.52% 13,420 $235,679 Up ×1
BMI Badger Meter, Inc. Common Stock $2,829,904 1.51% 19,072 $311,253 Up ×2
NRG NRG Energy, Inc. Common Stock $2,810,487 1.50% 19,242 $-310,041 Down ×6
NEE NextEra Energy, Inc. Common Stock $2,728,858 1.46% 31,091 $-4,601 Up ×2
JPM JP Morgan Chase & Co. Common Stock $2,701,128 1.44% 8,252 $306,077 Up ×1
BUG Global X Cybersecurity ETF $2,668,030 1.42% 69,862 $506,435 Down ×1
LLY Eli Lilly and Company Common Stock $2,619,556 1.40% 2,184 $316,451 Down ×2
LECO Lincoln Electric Holdings, Inc. - Common Shares $2,607,840 1.39% 9,822 $206,957 Up ×1
CWCO Consolidated Water Co. Ltd. - Ordinary Shares $2,538,520 1.36% 86,052 $-262,190 Up ×1
VMC Vulcan Materials Company (Holding Company) Common Stock $2,531,776 1.35% 8,582 $250,718 Up ×1
FIW First Trust Exchange-Traded Fund $2,526,846 1.35% 23,072 $147,121 Down ×1
COST Costco Wholesale Corporation - Common Stock $2,414,449 1.29% 2,581 $-133,423 Up ×2
BLK BlackRock, Inc. Common Stock $2,211,588 1.18% 2,300 $95,826 Up ×1
TRMB Trimble Inc. - Common Stock $1,952,159 1.04% 38,143 $-557,957 Down ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $1,497,700 0.80% 2 $61,420
CRSP CRISPR Therapeutics AG - Common Shares $1,071,330 0.57% 19,643 $263,638 Up ×2
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF $938,130 0.50% 15,354 $123,907
PG Procter & Gamble Company (The) Common Stock $878,227 0.47% 5,989 $13,175
ITW Illinois Tool Works Inc. Common Stock $793,289 0.42% 2,933 $29,858
AGG iShares Trust $747,497 0.40% 7,552 $11,310 Up ×6
SPY SPY $564,559 0.30% 756 $49,489 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $479,374 0.26% 958 $8,320 Down ×2
IEFA iShares Core MSCI EAFE ETF $408,051 0.22% 4,225 $35,429 Up ×1
KRMA Global X Conscious Companies ETF $394,643 0.21% 8,400 $46,479 Up ×3
BIL SPDR SERIES TRUST $384,522 0.21% 4,196 $15,671 Up ×1
INTC Intel Corporation - Common Stock $335,112 0.18% 2,400 Up ×1
RF Regions Financial Corporation Common Stock $302,000 0.16% 10,000 $40,800
JNJ Johnson & Johnson Common Stock $284,447 0.15% 1,120 $10,674
AMZN Amazon.com, Inc. - Common Stock $252,164 0.13% 1,058 $31,814
AVGO Broadcom Inc. - Common Stock $213,429 0.11% 565
CAT Caterpillar, Inc. Common Stock $212,980 0.11% 200 Up ×1
LCTX CUSIP: 53566P109 $13,947 0.01% 10,646 $-4,223 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
SCHR $5,333,663 2.85% up ×3
CNI $2,978,139 1.59% up ×5
AGG $747,497 0.40% up ×6
KRMA $394,643 0.21% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTC $335,112 2,400 0.18%
AVGO $213,429 565 0.11%
CAT $212,980 200 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SGOV Trimmed -18K -$1.8M
SCHO Bought more +71K +$1.7M
SUSA Trimmed -5K +$1.4M
PLXS Bought more +228 +$1.4M
SCHR Bought more +54K +$1.3M
GOOGL Trimmed -19 +$907K
AAPL Trimmed -248 +$880K
ICSH Bought more +17K +$872K
QQQ Bought more +37 +$772K
PFF Bought more +23K +$737K

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
SPYD Sept. 30, 2025 76,278 $3,237,239
SPMD Dec. 31, 2025 48,572 $2,777,833 11.5%
ZTS June 30, 2025 12,484 $2,055,491 -54.2%
MDY Dec. 31, 2025 3,095 $1,844,713
VOO June 30, 2026 3,064 $1,830,894 3.7%
GDXJ Dec. 31, 2025 2,807 $277,978 -0.9%
AVGO March 31, 2026 580 $200,738 17.1%