Sector breakdown

04
Consumer Discretionary 0.9%
Technology 0.6%
Retail 0.2%
Healthcare 0.1%
Industrials 0.1%
Materials 0.1%
Other/Unmapped 98.0%

Full portfolio 27 positions

05
Type Streak 8Q trend
SCHX SCHWAB STRATEGIC TRUST $47,699,551 16.27% 1,620,780 $6,960,014 Up ×3
VIG VANGUARD SPECIALIZED FUNDS $42,445,226 14.48% 179,381 $4,128,276 Up ×3
VCSH Vanguard Short-Term Corporate Bond ETF $31,579,817 10.77% 399,593 $-6,363,442 Down ×2
SCHA SCHWAB STRATEGIC TRUST $30,373,841 10.36% 840,682 $5,710,093 Down ×1
VXUS Vanguard Total International Stock ETF $27,442,998 9.36% 321,008 $5,156,186 Up ×3
DLN WisdomTree Trust $25,269,407 8.62% 262,348 $1,526,404 Down ×2
VO VANGUARD INDEX FUNDS $24,639,380 8.40% 305,813 $2,939,760 Up ×2
BND Vanguard Total Bond Market ETF $15,520,266 5.29% 211,419 $6,627,989 Up ×2
SCHG SCHWAB STRATEGIC TRUST $11,675,781 3.98% 345,029 $2,352,550 Up ×2
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $11,639,461 3.97% 231,723 $639,086 Up ×3
VNQ VANGUARD SPECIALIZED FUNDS $6,295,292 2.15% 65,284 $-942,948 Down ×2
SCHE SCHWAB STRATEGIC TRUST $5,895,963 2.01% 162,602 $627,108 Up ×3
BSV VANGUARD BOND INDEX FUNDS $2,604,657 0.89% 33,432 $-1,745,831 Down ×5
TSLA Tesla, Inc. - Common Stock $2,163,146 0.74% 5,143 $232,648 Down ×2
VB VANGUARD INDEX FUNDS $1,576,224 0.54% 5,200 $214,240
SCHM SCHWAB STRATEGIC TRUST $1,384,174 0.47% 37,542 $221,874
MSFT Microsoft Corporation - Common Stock $1,063,984 0.36% 2,852 $9,507 Up ×2
SCHZ SCHWAB STRATEGIC TRUST $864,137 0.29% 37,360 $-3,362
HD Home Depot, Inc. (The) Common Stock $588,678 0.20% 1,669 $43,459 Up ×2
JNJ Johnson & Johnson Common Stock $431,387 0.15% 1,699 $17,984 Up ×2
BROS Dutch Bros Inc. Class A Common Stock $385,476 0.13% 5,368 $113,533
SPY SPY $349,421 0.12% 468 $45,886 Up ×2
AAPL Apple Inc. - Common Stock $346,491 0.12% 1,197 $-53,775 Down ×2
HWM Howmet Aerospace Inc. Common Stock $290,504 0.10% 1,081 $41,606 Up ×1
INTC Intel Corporation - Common Stock $239,889 0.08% 1,718 Up ×1
APD Air Products and Chemicals, Inc. Common Stock $222,897 0.08% 760 $3,357 Up ×1
VUG VANGUARD INDEX FUNDS $209,320 0.07% 2,430

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SCHX $47,699,551 16.27% up ×3
VIG $42,445,226 14.48% up ×3
VXUS $27,442,998 9.36% up ×3
VTIP $11,639,461 3.97% up ×3
SCHE $5,895,963 2.01% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTC $239,889 1,718 0.08%
VUG $209,320 2,430 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SCHX Bought more +32K +$7.0M
BND Bought more +91K +$6.6M
VCSH Trimmed -79K -$6.4M
SCHA Trimmed -7K +$5.7M
VXUS Bought more +32K +$5.2M
VIG Bought more +1K +$4.1M
VO Bought more +230K +$2.9M
SCHG Bought more +25K +$2.4M
BSV Trimmed -22K -$1.7M
DLN Trimmed -3K +$1.5M

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
SCHG Sept. 30, 2025 204,985 $5,984,983 13.6%
TSLA Sept. 30, 2025 5,193 $1,649,608 -16.7%
SCHZ Sept. 30, 2025 37,360 $868,246 -5.2%
SPY Sept. 30, 2025 440 $271,854 No longer tracked
VUG March 31, 2026 433 $211,243
APD Sept. 30, 2025 741 $209,068 1.8%
QQQ March 31, 2026 331 $203,356 29.0%
HWM Sept. 30, 2025 1,078 $200,671 17.9%
UPS Dec. 31, 2025 2,000 $364 -6.2%
AAPL June 30, 2025 1,129 $250 62.6%
JNJ June 30, 2025 1,261 $209 67.6%