Sector breakdown

04
Energy 10.4%
Technology 9.4%
Real Estate 7.4%
Financials 6.0%
Industrials 4.9%
Health Care 2.8%
Communication Services 2.0%
Materials 1.5%
Retail 1.4%
Consumer Discretionary 1.1%
Consumer Staples 0.8%
Consumer products 0.6%
Utilities 0.4%
Other/Unmapped 51.4%

Full portfolio 303 positions

05
Type Streak 8Q trend
COPX Global X Funds $21,846,634 4.73% 283,833 $-58,036 Down ×5
GDX VanEck Gold Miners ETF $16,667,131 3.61% 220,903 $-3,605,137
IAU iShares Gold Trust Shares $16,478,774 3.57% 218,233 $-3,011,639 Down ×6
IAUM iShares Gold Trust Micro Shares $15,814,233 3.42% 395,257 $-2,580,430 Up ×4
TPL Texas Pacific Land Corporation Common Stock $15,121,862 3.27% 34,553 $-1,299,907 Down ×2
GDXJ VanEck Junior Gold Miners ETF $14,240,159 3.08% 144,938 $-3,158,199
XLE SELECT SECTOR SPDR TRUST $13,605,563 2.95% 256,177 $-1,935,473 Up ×1
CTA Simplify Exchange Traded Funds $12,623,337 2.73% 486,636 $-1,523,365 Up ×4
KCCA Krane Shares Trust $11,344,750 2.46% 667,142 $1,844,315 Up ×3
SPPP Sprott Physical Platinum and Palladium Trust $11,027,264 2.39% 885,724 $-2,527,304 Up ×5
SLVP iShares, Inc. $10,836,717 2.35% 351,499 $-1,100,851 Up ×1
REFI Chicago Atlantic Real Estate Finance, Inc. - Common Stock $10,530,077 2.28% 982,283 $-334,855 Up ×6
NVDA NVIDIA Corporation - Common Stock $9,506,083 2.06% 47,509 $1,262,712 Up ×2
BSOL Bitwise Solana Staking ETF $8,947,268 1.94% 893,833 $8,187,890 Up ×1
CPT Camden Property Trust Common Stock $8,942,378 1.94% 78,106 $1,940,491 Up ×4
URNM Sprott Uranium Miners ETF $8,069,816 1.75% 153,448 $-1,566,289 Up ×4
BITB Bitwise Bitcoin ETF $7,874,741 1.70% 247,167 $336,274 Up ×2
MAA Mid-America Apartment Communities, Inc. Common Stock $7,455,658 1.61% 53,661 $669,009 Down ×1
AVUS AMERICAN CENTURY ETF TRUST $6,772,373 1.47% 52,876 $1,392,484 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,176,454 1.34% 12,343 $165,235 Down ×6
DLR Digital Realty Trust, Inc. Common Stock $5,836,661 1.26% 32,502 $-41,905 Down ×1
AAPL Apple Inc. - Common Stock $5,693,526 1.23% 19,676 $876,523 Up ×1
MLI Mueller Industries, Inc. Common Stock $5,201,537 1.13% 42,313 $412,761 Down ×1
GBTC Grayscale Bitcoin Trust (BTC) $5,066,012 1.10% 111,292 $-805,754
BITO ProShares Trust $5,003,141 1.08% 626,960 $-812,004 Up ×4
EQT EQT Corporation Common Stock $4,847,145 1.05% 91,163 $-941,482 Up ×1
RRC Range Resources Corporation Common Stock $4,737,478 1.03% 127,386 $-937,650 Up ×4
AR Antero Resources Corporation Common Stock $4,633,666 1.00% 131,863 $-874,961 Up ×4
SPY SPY $4,501,530 0.97% 6,028 $1,123,664 Up ×2
XOM Exxon Mobil Corporation Common Stock $4,229,945 0.92% 30,939 $-1,021,667 Down ×2
PSLV Sprott Physical Silver Trust ETV $4,207,180 0.91% 222,956 $-1,311,350 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $2,996,140 0.65% 5,158 $1,936,541 Down ×3
MSFT Microsoft Corporation - Common Stock $2,954,455 0.64% 7,920 $-67,544 Down ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $2,940,201 0.64% 25,201 $-160,350 Up ×1
CVX Chevron Corporation Common Stock $2,878,254 0.62% 17,364 $-697,181 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,776,736 0.60% 7,770 $489,219 Down ×1
DNN CUSIP: 248356107 $2,725,955 0.59% 890,835 $-483,489 Down ×6
AMAT Applied Materials, Inc. - Common Stock $2,452,003 0.53% 3,391 $1,296,265 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $2,418,841 0.52% 6,846 $464,223 Up ×1
WPM Wheaton Precious Metals Corp Common Shares (Canada) $2,413,568 0.52% 21,488 $-401,616
NXE Nexgen Energy Ltd. Common Shares $2,412,272 0.52% 256,898 $-612,150 Down ×5
ETH Grayscale Ethereum Staking Mini ETF Shares $2,407,400 0.52% 160,173 $-966,079 Down ×1
SLV iShares Silver Trust $2,262,797 0.49% 42,319 $-470,026 Up ×1
AXP American Express Company Common Stock $2,247,327 0.49% 6,644 $395,852 Up ×3
SIVR abrdn Physical Silver Shares ETF $2,120,337 0.46% 37,715 $-590,173 Down ×6
JPM JP Morgan Chase & Co. Common Stock $2,048,333 0.44% 6,258 $218,746 Up ×1
COST Costco Wholesale Corporation - Common Stock $1,944,518 0.42% 2,079 $-133,690 Down ×1
MU Micron Technology, Inc. - Common Stock $1,782,316 0.39% 1,544 $1,221,812 Down ×1
KWEB Krane Shares Trust $1,771,359 0.38% 72,389 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,769,894 0.38% 7,426 $372,211 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $1,689,035 0.37% 11,554 $-273,005 Up ×4
UUUU CUSIP: 292671708 $1,644,097 0.36% 113,386 $-448,375 Down ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,567,967 0.34% 3,773 $545,270 Down ×5
FANG Diamondback Energy, Inc. - Common Stock $1,549,041 0.34% 8,812 $-191,191 Up ×4
VEA Vanguard FTSE Developed Markets ETF $1,537,454 0.33% 21,578 $154,694 Down ×1
ITOT iShares Trust $1,528,040 0.33% 9,302 $203,156
PG Procter & Gamble Company (The) Common Stock $1,507,736 0.33% 10,282 $-93,943 Down ×1
BTC Grayscale Bitcoin Mini Trust (BTC) $1,469,756 0.32% 56,638 $-1,638,917 Down ×1
ETHE Grayscale Ethereum Staking ETF Shares $1,395,280 0.30% 109,348 $-486,619 Down ×1
GWW W.W. Grainger, Inc. Common Stock $1,393,873 0.30% 1,025 $281,678 Up ×1
FNV Franco-Nevada Corporation $1,346,153 0.29% 6,458 $-249,352
AVGO Broadcom Inc. - Common Stock $1,335,630 0.29% 3,536 $249,637 Up ×2
MA Mastercard Incorporated Common Stock $1,324,143 0.29% 2,578 $47,432 Up ×1
PHYS Sprott Physical Gold Trust ETV $1,273,385 0.28% 42,207 $-222,431
VUG Vanguard Morningstar Growth ETF $1,264,789 0.27% 14,683 $195,875 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,252,661 0.27% 2,224 $-72,295 Down ×1
VOO Vanguard S&P 500 ETF $1,245,873 0.27% 1,814 $161,917
L Loews Corporation Common Stock $1,244,788 0.27% 10,995 $70,500 Down ×3
V Visa Inc. $1,197,840 0.26% 3,491 $147,456 Up ×2
FTNT Fortinet, Inc. - Common Stock $1,183,181 0.26% 7,702 $483,985 Down ×1
JETS U.S. Global Jets ETF $1,157,717 0.25% 34,850 $299,361
SNDK Sandisk Corporation - Common Stock $1,150,507 0.25% 506 $801,705 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $1,143,840 0.25% 1,185 $658,322 Down ×1
PWR Quanta Services, Inc. Common Stock $1,140,149 0.25% 1,583 $264,214 Down ×1
KLAC KLA Corporation - Common Stock $1,139,673 0.25% 3,777 $582,604 Up ×2
SCHF SCHWAB STRATEGIC TRUST $1,134,569 0.25% 40,959 $120,830
TSLA Tesla, Inc. - Common Stock $1,132,802 0.25% 2,693 $143,464 Up ×1
PBT Permian Basin Royalty Trust Common Stock $1,044,808 0.23% 41,726 $146,874
MLPX Global X Funds $1,036,102 0.22% 14,066 $-3,938
KO Coca-Cola Company (The) Common Stock $1,033,423 0.22% 12,716 $73,374 Up ×1
EWZ iShares MSCI Brazil ETF $999,534 0.22% 28,972 $392,051 Up ×1
SGOL abrdn Physical Gold Shares ETF $976,585 0.21% 25,545 $-185,007 Down ×6
LRCX Lam Research Corporation - Common Stock $976,275 0.21% 2,253 $498,326 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $975,509 0.21% 2,453 $-162,675 Down ×4
TSM Taiwan Semiconductor Manufacturing Company Ltd. $942,255 0.20% 1,973 $107,174 Down ×1
AMP Ameriprise Financial, Inc. Common Stock $938,005 0.20% 2,045 $8,030 Down ×1
WDC Western Digital Corporation - Common Stock $933,809 0.20% 1,462 $502,648 Down ×1
ANET Arista Networks, Inc. Common Stock $918,351 0.20% 5,406 $244,917 Down ×1
UNP Union Pacific Corporation Common Stock $913,306 0.20% 3,358 $100,592 Up ×2
GE GE Aerospace Common Stock $908,814 0.20% 2,432 $337,659 Up ×2
MS Morgan Stanley Common Stock $887,712 0.19% 4,247 $191,645 Up ×4
DELL Dell Technologies Inc. Class C Common Stock $851,702 0.18% 1,974 $523,770 Down ×1
MTZ MasTec, Inc. Common Stock $847,930 0.18% 2,038 $142,676 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $833,761 0.18% 6,488 $199,904 Up ×1
LLY Eli Lilly and Company Common Stock $831,883 0.18% 694 $297,897 Up ×4
GEV GE Vernova Inc. Common Stock $803,874 0.17% 684 $271,204 Up ×4
VTV Vanguard Morningstar Value ETF $798,744 0.17% 3,665 $79,644
SILJ Amplify Junior Silver Miners ETF $778,481 0.17% 30,034 $-114,129
STLD Steel Dynamics, Inc. - Common Stock $767,801 0.17% 3,346 $161,359 Down ×1
EOG EOG Resources, Inc. Common Stock $756,576 0.16% 5,832 $-41,584 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
IAUM $15,814,233 3.42% up ×4
CTA $12,623,337 2.73% up ×4
KCCA $11,344,750 2.46% up ×3
SPPP $11,027,264 2.39% up ×5
REFI $10,530,077 2.28% up ×6
CPT $8,942,378 1.94% up ×4
URNM $8,069,816 1.75% up ×4
BITO $5,003,141 1.08% up ×4
RRC $4,737,478 1.03% up ×4
AR $4,633,666 1.00% up ×4
AXP $2,247,327 0.49% up ×3
COIN $1,689,035 0.37% up ×4
FANG $1,549,041 0.34% up ×4
MS $887,712 0.19% up ×4
LLY $831,883 0.18% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
KWEB $1,771,359 72,389 0.38%
CSGP $475,323 16,784 0.10%
ERIE $353,152 1,473 0.08%
DDOG $345,237 1,326 0.07%
Unknown issuer (CUSIP: G2004J103) $329,669 11,539 0.07%
PINK $322,205 8,230 0.07%
BRO $313,373 4,885 0.07%
Unknown issuer (CUSIP: 438516205) $300,698 1,343 0.07%
EFA $298,759 2,876 0.06%
Unknown issuer (CUSIP: 43849R105) $296,910 1,343 0.06%
IXN $276,535 1,914 0.06%
INVH $273,038 9,038 0.06%
TER $267,080 552 0.06%
FSLR $254,365 1,078 0.06%
MOH $241,279 1,055 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GDX Price move only +0 -$3.6M
GDXJ Price move only +0 -$3.2M
IAU Trimmed -3K -$3.0M
IAUM Bought more +1K -$2.6M
SPPP Bought more +13K -$2.5M
CPT Bought more +6K +$1.9M
AMD Trimmed -51 +$1.9M
XLE Bought more +2K -$1.9M
KCCA Bought more +26K +$1.8M
BTC Trimmed -47K -$1.6M

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
HON June 30, 2026 2,871 $648,921 -4.4%
TAFI June 30, 2025 23,806 $597,293
VT June 30, 2026 2,908 $402,199
XLY Sept. 30, 2025 1,769 $384,457 No longer tracked
CRM June 30, 2026 1,865 $348,140 46.7%
CTRA June 30, 2026 9,390 $329,981 No longer tracked
MSCI Dec. 31, 2025 581 $329,725 -3.7%
XLK March 31, 2026 2,268 $326,524 51.2%
XLV Sept. 30, 2025 2,340 $315,409 20.3%
FSLR March 31, 2026 1,196 $312,342 -10.7%
CCL June 30, 2026 11,969 $309,758 -10.5%
DHR June 30, 2026 1,625 $308,109 16.1%
UL (filed as ULXXXX) Dec. 31, 2025 5,134 $304,344 -8.3%
BKNG June 30, 2026 71 $298,933 -11.2%
IUSV March 31, 2026 2,915 $298,904
MGK Dec. 31, 2025 731 $294,169 13.1%
OTIS June 30, 2025 2,818 $290,818 -33.5%
RSPR March 31, 2026 8,578 $288,478
SMCI Dec. 31, 2025 5,897 $282,702 47.6%
ACN March 31, 2026 1,044 $280,144 -1.6%
IT Sept. 30, 2025 692 $279,720 -28.6%
ROP June 30, 2026 785 $277,799 7.4%
XLI Sept. 30, 2025 1,860 $274,387 10.3%
FISV Dec. 31, 2025 2,113 $272,429 -31.3%
B March 31, 2026 6,181 $269,183 -1.9%
RF March 31, 2026 9,821 $266,145 3.6%
MCO Dec. 31, 2025 555 $264,522 -12.3%
EPAM March 31, 2026 1,285 $263,271 -18.8%
SLYV June 30, 2025 3,304 $259,034 30.4%
DOCS March 31, 2026 5,844 $258,772 22.7%
AMGN June 30, 2025 828 $258,105 44.3%
PKG Dec. 31, 2025 1,165 $253,934 11.2%
CI March 31, 2026 922 $253,794 1.7%
DASH Dec. 31, 2025 930 $252,951 -15.3%
CMG Sept. 30, 2025 4,502 $252,787 -21.3%
CMG March 31, 2026 6,765 $250,305 -3.6%
NOW June 30, 2026 2,382 $249,038 37.1%
VRTX Sept. 30, 2025 553 $246,196 28.6%
PNR Dec. 31, 2025 2,212 $245,038 -49.3%
MDT March 31, 2026 2,528 $242,867 1.5%
IRM Dec. 31, 2025 2,381 $242,749 35.4%
RBLX March 31, 2026 2,990 $242,272 -21.2%
INTU Dec. 31, 2025 354 $241,812 -57.0%
PEP June 30, 2026 1,551 $240,783 -7.2%
TMO June 30, 2025 482 $239,855 66.9%
ADBE June 30, 2026 984 $239,191 16.5%
HCA June 30, 2026 498 $235,752 11.5%
CG March 31, 2026 3,984 $235,494 -18.7%
XYL Dec. 31, 2025 1,592 $234,800 -24.8%
HAL June 30, 2026 5,977 $233,042 -3.4%
PAYC June 30, 2026 1,895 $230,318 79.7%
LDOS Dec. 31, 2025 1,211 $228,831 -33.8%
ADM June 30, 2025 4,679 $224,653 56.3%
CTAS Sept. 30, 2025 1,003 $223,526 -4.8%
ENSG Dec. 31, 2025 1,291 $223,043 -0.8%
ACN June 30, 2025 714 $222,873 -34.7%
NTR June 30, 2026 2,946 $222,301 11.6%
BKR June 30, 2025 4,990 $219,289 49.7%
CTRA June 30, 2025 7,576 $218,960 No longer tracked
CFG June 30, 2025 5,310 $217,540 43.7%
CF Dec. 31, 2025 2,422 $217,276 50.0%
RSG June 30, 2026 987 $216,120 -0.1%
BJ Sept. 30, 2025 2,004 $216,091 0.6%
VLO Dec. 31, 2025 1,268 $215,926 157.6%
GILD June 30, 2026 1,546 $215,475 14.5%
WFC March 31, 2026 2,301 $214,483 2.3%
SPGI March 31, 2026 409 $213,724 -8.1%
AJG Dec. 31, 2025 690 $213,656 -12.2%
SUSA June 30, 2025 1,848 $212,280 24.9%
SPGI Sept. 30, 2025 402 $211,955 -19.7%
DVA Sept. 30, 2025 1,487 $211,823 34.5%
ZM March 31, 2026 2,452 $211,583 16.5%
BLK Dec. 31, 2025 177 $206,910 -0.4%
ECL Dec. 31, 2025 753 $206,217 5.5%
SNY June 30, 2025 3,718 $206,200 -18.2%
BKR Dec. 31, 2025 4,222 $205,672 26.0%
VO March 31, 2026 702 $203,851 11.8%
DHI Dec. 31, 2025 1,201 $203,529 -7.5%
ECL June 30, 2026 765 $203,505 -0.6%
CBOE June 30, 2026 724 $203,467
VRSN Dec. 31, 2025 727 $203,247 20.3%
CPRT June 30, 2025 3,581 $202,649 -43.7%
DGX March 31, 2026 1,168 $202,609 18.5%
PHM Dec. 31, 2025 1,533 $202,525 -2.8%
VGK March 31, 2026 2,417 $202,085
FTI June 30, 2026 2,922 $201,998 6.0%
ADBE Sept. 30, 2025 522 $201,951 -32.3%
CDNS March 31, 2026 646 $201,949 27.2%
LOW June 30, 2025 865 $201,849 -19.1%
DHR June 30, 2025 984 $201,729 12.0%
NSC Dec. 31, 2025 671 $201,532 9.5%
SNPS Sept. 30, 2025 392 $200,971 -1.0%
IXN March 31, 2026 1,914 $200,970 52.9%
T June 30, 2026 6,924 $200,727 17.1%
DG Sept. 30, 2025 1,753 $200,508 15.5%
EFA June 30, 2025 2,452 $200,402
WRB Dec. 31, 2025 2,614 $200,323 -0.5%
DDOG March 31, 2026 1,472 $200,177 134.2%
FSOL March 31, 2026 12,473 $181,981
AMCR Sept. 30, 2025 12,040 $110,648 2.2%
ADT Dec. 31, 2025 11,656 $101,524 -23.0%