Sector breakdown

04
Consumer Discretionary 1.4%
Other/Unmapped 98.6%

Full portfolio 360 positions

05
Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $78,138,037 4.46% 106,108 $12,463,816 Down ×1
VOO Vanguard S&P 500 ETF $74,006,563 4.22% 107,754 $8,839,519 Down ×3
IVV iShares Trust $72,735,886 4.15% 97,124 $9,432,849 Up ×6
SPY SPY $51,858,695 2.96% 69,443 $3,283,611 Down ×3
VTI Vanguard Morningstar Total Stock Market ETF $44,529,654 2.54% 120,337 $5,631,625 Down ×3
VUG Vanguard Morningstar Growth ETF $42,341,156 2.41% 491,538 $6,419,879 Up ×2
DGRO iShares Trust $38,367,146 2.19% 506,229 $3,229,734 Up ×6
SPYV State Street SPDR Portfolio S&P 500 Value ETF $34,059,166 1.94% 560,275 $3,629,152 Up ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $29,719,222 1.69% 338,179 $4,046,946 Up ×1
VTV Vanguard Morningstar Value ETF $29,169,092 1.66% 133,846 $2,904,193 Down ×2
VEA Vanguard FTSE Developed Markets ETF $28,848,779 1.65% 404,895 $2,387,917 Down ×1
IWF iShares Russell 1000 Growth Fund $28,438,176 1.62% 229,026 $3,151,318 Up ×1
BND Vanguard Total Bond Market ETF $27,514,905 1.57% 374,811 $779,387 Up ×3
SMH SMH $25,175,949 1.44% 38,384 $8,039,538 Down ×4
GLD SPDR Gold Shares $23,251,324 1.33% 63,117 $-6,187,836 Down ×1
IAU iShares Gold Trust Shares $21,843,496 1.25% 289,279 $-3,289,085 Up ×1
IVW iShares S&P 500 Growth ETF $20,490,458 1.17% 148,989 $3,141,306 Down ×1
XLK SELECT SECTOR SPDR TRUST $20,215,223 1.15% 106,105 $4,222,367 Down ×2
VONG Vanguard Russell 1000 Growth ETF $20,081,303 1.15% 157,118 $2,610,450 Down ×1
IWS iShares Russell Mid-Cap Value ETF $18,797,210 1.07% 114,199 $1,647,420 Down ×1
XMMO Invesco Exchange-Traded Fund Trust $17,225,681 0.98% 101,244 $3,281,031 Up ×6
IYW iShares U.S. Technology ETF $16,865,470 0.96% 66,865 $5,012,496 Up ×5
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $16,174,411 0.92% 135,930 $2,790,640 Down ×1
SCHM SCHWAB STRATEGIC TRUST $15,995,232 0.91% 433,827 $2,549,437 Down ×1
GSY Invesco Actively Managed Exchange-Traded Fund Trust $15,871,221 0.91% 316,475 $2,925,776 Up ×2
OEF iShares Trust $15,431,665 0.88% 42,178 $2,016,745 Up ×4
FENI Fidelity Covington Trust $15,256,143 0.87% 380,168 $6,437,486 Up ×5
VOOG Vanguard S&P 500 Growth ETF $15,092,278 0.86% 182,671 $1,988,306 Up ×2
FDVV FIDELITY COVINGTON TRUST $14,702,802 0.84% 243,868 $1,922,199 Up ×6
AGG iShares Trust $14,526,775 0.83% 146,764 $491,399 Up ×1
XLU XLU $14,255,922 0.81% 314,422 $-146,913 Up ×3
IJR iShares Trust $13,954,265 0.80% 94,088 $2,030,659 Down ×2
IGRO iShares Trust $13,874,731 0.79% 157,792 $830,412 Up ×5
VGT Vanguard Information Tech ETF $13,810,302 0.79% 115,548 $3,475,902 Up ×2
VONV Vanguard Russell 1000 Value ETF $13,400,210 0.76% 126,048 $1,601,899 Up ×1
USHY iShares Broad USD High Yield Corporate Bond ETF $13,260,044 0.76% 358,185 $429,367 Up ×4
IWY iShares Russell Top 200 Growth ETF $12,510,823 0.71% 43,048 $1,617,171 Down ×1
FTQI First Trust Nasdaq BuyWrite Income ETF $12,368,198 0.71% 559,900 $2,780,659 Up ×2
ITOT iShares Trust $11,726,139 0.67% 71,383 $880,903 Down ×1
JEPI JPMorgan Equity Premium Income ETF $11,157,564 0.64% 197,548 $2,674,684 Up ×6
VCSH Vanguard Short-Term Corporate Bond ETF $11,109,037 0.63% 140,567 $778,248 Up ×2
VBR Vanguard Morningstar Small-Cap Value ETF $11,011,504 0.63% 45,316 $628,122 Down ×1
XLF SELECT SECTOR SPDR TRUST $10,139,527 0.58% 189,134 $-114,753 Down ×5
XMHQ Invesco Exchange-Traded Fund Trust $9,777,553 0.56% 86,619 $1,004,541 Up ×1
IVE iShares Trust $9,734,906 0.56% 42,873 $558,066 Down ×2
BIV VANGUARD BOND INDEX FUNDS $8,953,457 0.51% 116,733 $26,557 Up ×5
KORP AMERICAN CENTURY ETF TRUST $8,691,706 0.50% 185,522 $903,781 Up ×6
FPE First Trust Preferred Securities and Income ETF ETF $8,610,650 0.49% 481,579 $793,182 Up ×3
SPHY State Street SPDR Portfolio High Yield Bond ETF $8,205,429 0.47% 350,060 $1,540,480 Up ×6
VB Vanguard Morningstar Small-Cap ETF $8,156,863 0.47% 26,909 $658,967 Down ×1
VT Vanguard Total World Stock Index ETF $8,126,997 0.46% 51,780 $1,036,550 Up ×6
IWR iShares Russell Mid-Cap ETF $7,744,755 0.44% 70,202 $1,006,548 Up ×1
VOE Vanguard Morningstar Mid-Cap Value ETF $7,600,781 0.43% 38,465 $605,179 Up ×1
SCHA SCHWAB STRATEGIC TRUST $7,365,414 0.42% 203,858 $1,156,176 Down ×1
SHY iShares 1-3 Year Treasury Bond ETF $7,358,534 0.42% 89,618 $1,695,636 Up ×6
RSPT Invesco Exchange-Traded Fund Trust $7,116,067 0.41% 110,326 $1,261,432 Down ×1
IWP iShares Russell Midcap Growth ETF $7,001,607 0.40% 47,821 $945,513 Up ×3
UTES Virtus Reaves Utilities ETF $6,955,943 0.40% 85,098 $1,057,933 Up ×1
XLV SELECT SECTOR SPDR TRUST $6,886,819 0.39% 43,406 $499,947 Down ×5
EQWL Invesco Exchange-Traded Fund Trust $6,884,120 0.39% 53,357 $833,329 Up ×4
SCHZ SCHWAB STRATEGIC TRUST $6,793,073 0.39% 293,691 $354,539 Up ×5
VTWG Vanguard Russell 2000 Growth ETF $6,780,934 0.39% 23,571 $1,051,557 Down ×3
XSMO Invesco Exchange-Traded Fund Trust $6,667,205 0.38% 71,208 $751,177 Down ×1
VWO Vanguard FTSE Emerging Markets ETF $6,659,832 0.38% 111,573 $1,021,269 Up ×6
XLP XLP $6,638,208 0.38% 79,911 $-895,263 Down ×3
FLBL Franklin Senior Loan ETF $6,628,670 0.38% 289,209 $1,347,916 Up ×4
ITA iShares U.S. Aerospace & Defense ETF $6,565,340 0.37% 27,082 $-102,488 Down ×1
IWM iShares Russell 2000 Index Fund $6,484,649 0.37% 21,583 $1,069,177 Down ×2
KBWY Invesco KBW Premium Yield Equity REIT ETF $6,335,264 0.36% 341,155 $2,743,573 Up ×3
SCHO SCHWAB STRATEGIC TRUST $6,282,183 0.36% 260,239 $-1,862,527 Down ×3
DVY iShares Select Dividend ETF $6,238,558 0.36% 39,914 $183,066 Down ×1
IEMG iShares, Inc. $6,227,184 0.36% 75,171 $1,324,232 Up ×3
VO Vanguard Morningstar Mid-Cap ETF $6,073,820 0.35% 75,385 $-385,693 Up ×6
SCHG SCHWAB STRATEGIC TRUST $6,059,479 0.35% 179,062 $736,536 Down ×2
XAR SPDR SERIES TRUST $5,989,388 0.34% 21,105 $3,737,347 Up ×1
IWO iShares Russell 2000 Growth Fund $5,968,675 0.34% 15,150 $1,488,242 Up ×2
VOT Vanguard Morningstar Mid-Cap Growth ETF $5,857,824 0.33% 19,124 $-677,933 Down ×1
STIP iShares 0-5 Year TIPS Bond ETF $5,797,989 0.33% 56,754 $26,285 Up ×6
VBK Vanguard Morningstar Small-Cap Growth ETF $5,751,791 0.33% 15,728 $1,409,337 Up ×1
PHYL PGIM ETF Trust $5,711,844 0.33% 163,757 $722,631 Up ×6
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $5,607,730 0.32% 7,973 $713,123 Up ×1
SLV iShares Silver Trust $5,529,926 0.32% 103,421 $-3,242,356 Down ×3
EDIV SPDR INDEX SHARES FUNDS $5,477,450 0.31% 133,735 $647,822 Up ×1
XSW SPDR SERIES TRUST $5,319,673 0.30% 30,962 $979,837 Up ×4
PAVE Global X Funds $5,277,111 0.30% 89,564 $1,066,537 Up ×1
SPLV Invesco S&P 500 Low Volatility ETF $5,264,912 0.30% 70,292 $179,375 Up ×5
PBP Invesco Exchange-Traded Fund Trust $5,094,184 0.29% 222,453 $1,450,661 Up ×2
IJH iShares Trust $4,997,250 0.29% 64,806 $-434,780 Down ×2
JMOM JPMorgan U.S. Momentum Factor ETF $4,891,901 0.28% 57,242 $707,825 Down ×2
FBCG Fidelity Blue Chip Growth ETF $4,797,004 0.27% 77,234 $489,791 Down ×1
FTSL First Trust Senior Loan Fund $4,784,312 0.27% 106,912 $605,189 Up ×6
AVUV AMERICAN CENTURY ETF TRUST $4,726,408 0.27% 37,884 $961,259 Up ×1
IFRA iShares U.S. Infrastructure ETF $4,719,931 0.27% 74,872 $675,891 Up ×2
IWB iShares Russell 1000 ETF $4,662,977 0.27% 11,387 $341,113 Down ×2
ONEV SPDR SERIES TRUST $4,660,064 0.27% 32,573 $614,838 Up ×4
GSST Goldman Sachs ETF Trust $4,601,161 0.26% 90,977 $637,384 Up ×6
FBND Fidelity Merrimack Street Trust $4,576,249 0.26% 100,599 $1,348,816 Up ×5
BSV VANGUARD BOND INDEX FUNDS $4,573,551 0.26% 58,703 $610,318 Up ×1
SCHP SCHWAB STRATEGIC TRUST $4,461,355 0.25% 168,353 $102,131 Up ×5
XLE SELECT SECTOR SPDR TRUST $4,445,209 0.25% 83,698 $-954,073 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
IVV $72,735,886 4.15% up ×6
DGRO $38,367,146 2.19% up ×6
BND $27,514,905 1.57% up ×3
XMMO $17,225,681 0.98% up ×6
IYW $16,865,470 0.96% up ×5
OEF $15,431,665 0.88% up ×4
FENI $15,256,143 0.87% up ×5
FDVV $14,702,802 0.84% up ×6
XLU $14,255,922 0.81% up ×3
IGRO $13,874,731 0.79% up ×5
USHY $13,260,044 0.76% up ×4
JEPI $11,157,564 0.64% up ×6
BIV $8,953,457 0.51% up ×5
KORP $8,691,706 0.50% up ×6
FPE $8,610,650 0.49% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XOVR $3,001,014 142,566 0.17%
ARKQ $1,451,511 10,978 0.08%
PFF $985,454 32,320 0.06%
BYLD $941,425 41,564 0.05%
VLUE $847,594 4,242 0.05%
SHYL $646,057 14,541 0.04%
Unknown issuer (CUSIP: 19249U609) $617,559 26,109 0.04%
FHEQ $510,481 15,502 0.03%
IDMO $481,235 7,982 0.03%
FELC $466,702 11,135 0.03%
JEPQ $438,456 7,134 0.03%
VCLT $372,901 4,955 0.02%
ILCV $323,462 3,195 0.02%
DGT $323,015 1,748 0.02%
FUTY $278,313 4,764 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Trimmed -8K +$12.5M
IVV Bought more +214 +$9.4M
VOO Trimmed -1K +$8.8M
SMH Trimmed -6K +$8.0M
FENI Bought more +143K +$6.4M
VUG Bought more +409K +$6.4M
GLD Trimmed -5K -$6.2M
VTI Trimmed -912 +$5.6M
IYW Bought more +2K +$5.0M
XLK Trimmed -14K +$4.2M

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
SJNK Sept. 30, 2025 247,122 $6,296,669
RDVY June 30, 2026 42,800 $2,922,430
FDL June 30, 2025 53,611 $2,328,862
HYEM Sept. 30, 2025 100,182 $1,985,607
PICK Dec. 31, 2025 38,651 $1,719,970 19.1%
EUFN Sept. 30, 2025 53,094 $1,679,390
JNK Sept. 30, 2025 16,968 $1,650,477 -5.6%
EWI Sept. 30, 2025 21,100 $1,015,754 10.7%
IHI March 31, 2026 13,647 $848,192 -3.3%
DHS June 30, 2026 7,520 $821,334
DWAS June 30, 2025 9,662 $753,443
FSMD June 30, 2025 19,112 $748,426
GBF June 30, 2025 7,116 $741,060
KBWP Sept. 30, 2025 5,608 $688,831
IGIB June 30, 2025 11,890 $624,463
ENFR June 30, 2025 18,821 $616,764
HEZU June 30, 2025 15,338 $597,722
SPRX June 30, 2026 15,081 $536,841
ACWV Sept. 30, 2025 4,159 $493,133
IAUM June 30, 2026 10,397 $485,540
AGGY June 30, 2025 10,887 $472,822
USMV June 30, 2026 5,014 $465,030
XSOE June 30, 2025 14,447 $445,979
FSMB March 31, 2026 21,880 $438,585
DGRW March 31, 2026 4,578 $409,411
DBJP June 30, 2025 5,440 $404,133
EMXC Dec. 31, 2025 5,776 $389,938
EFG Sept. 30, 2025 2,992 $335,104
SIVR June 30, 2026 4,406 $315,514
GOVT June 30, 2026 13,197 $302,343
GSG March 31, 2026 13,103 $302,155
KCE March 31, 2026 2,000 $299,858
XLY March 31, 2026 2,429 $290,047 No longer tracked
DBMF Dec. 31, 2025 10,583 $289,022
IDEV Sept. 30, 2025 3,795 $288,572
JPST June 30, 2026 5,676 $287,262
AMLP March 31, 2026 5,920 $278,358
RVNU June 30, 2026 11,236 $276,800
FDHY Sept. 30, 2025 5,568 $271,997
IHAK Sept. 30, 2025 4,855 $258,335
PFF Sept. 30, 2025 8,420 $258,326
VSGX March 31, 2026 3,368 $241,216
IEI Dec. 31, 2025 2,014 $240,693
TFLR March 31, 2026 4,618 $237,385
IEFA Sept. 30, 2025 2,839 $237,000
FSTA Sept. 30, 2025 4,561 $233,295
IYK Sept. 30, 2025 3,262 $229,906 4.7%
PPLT March 31, 2026 1,226 $228,563 -12.6%
PDBC Dec. 31, 2025 16,358 $219,688
AIFD Sept. 30, 2025 6,910 $212,482
LVHI June 30, 2026 5,208 $211,132
VNQI Sept. 30, 2025 4,545 $209,752
IYE June 30, 2026 3,238 $209,725 18.1%
IYLD Dec. 31, 2025 9,783 $208,182
VCLT Sept. 30, 2025 2,734 $207,511
EFV March 31, 2026 2,858 $204,090
SIVR Dec. 31, 2025 4,546 $202,206