Sector breakdown

04
Technology 19.3%
Financials 7.2%
Communication Services 5.1%
Healthcare 5.1%
Industrials 5.1%
Retail 3.7%
Energy 1.9%
Utilities 1.5%
Consumer Staples 1.1%
Materials 1.0%
Consumer Discretionary 0.8%
Real Estate 0.8%
Consumer products 0.0%
Other/Unmapped 47.3%

Full portfolio 307 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $92,149,970 5.55% 318,456 $11,451,796 Up ×1
MSFT Microsoft Corporation - Common Stock $63,006,890 3.80% 168,914 $-2,811,921 Down ×1
NVDA NVIDIA Corporation - Common Stock $54,009,216 3.26% 269,924 $2,313,768 Down ×1
EFV iShares Trust $44,126,980 2.66% 576,447 $420,030 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $42,866,233 2.58% 119,949 $8,122,286 Down ×2
AMZN Amazon.com, Inc. - Common Stock $32,731,983 1.97% 137,335 $2,909,161 Down ×2
IEMG iShares, Inc. $32,686,476 1.97% 394,574 $14,972,464 Up ×3
VTV Vanguard Morningstar Value ETF $32,685,824 1.97% 149,984 $2,370,121 Down ×4
GSSC Goldman Sachs ETF Trust $32,476,980 1.96% 355,873 $6,829,877 Up ×2
VOE Vanguard Morningstar Mid-Cap Value ETF $32,350,507 1.95% 163,718 $1,776,340 Down ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $29,422,617 1.77% 561,393 $6,459,465 Up ×3
PXF Invesco Exchange-Traded Fund Trust II $28,598,732 1.72% 378,090 $5,237,603 Up ×1
VEU Vanguard FTSE All World Ex US ETF $24,435,207 1.47% 291,762 $-954,128 Down ×1
FAF First American Corporation (New) Common Stock $23,803,542 1.43% 347,041 $2,835,947 Down ×1
AVGO Broadcom Inc. - Common Stock $23,162,001 1.40% 61,315 $4,224,108 Up ×6
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $22,933,613 1.38% 864,767 $4,108,924 Up ×5
IEI iShares 3-7 Year Treasury Bond ETF $22,768,525 1.37% 193,857 $1,362,277 Up ×6
JPM JP Morgan Chase & Co. Common Stock $22,610,863 1.36% 69,077 $-2,428,568 Down ×2
LLY Eli Lilly and Company Common Stock $21,395,847 1.29% 17,839 $4,686,941 Down ×5
JIG JPMorgan International Growth ETF $17,506,754 1.06% 200,823 $3,494,692 Up ×4
IGF iShares Global Infrastructure ETF $16,978,382 1.02% 254,931 $38,370 Up ×5
CAT Caterpillar, Inc. Common Stock $16,852,666 1.02% 15,826 $4,443,360 Down ×3
AMLP ALPS ETF Trust $16,574,241 1.00% 319,657 $-2,459,763 Down ×5
C Citigroup, Inc. Common Stock $16,284,506 0.98% 116,352 $2,782,797 Down ×2
ABBV AbbVie Inc. Common Stock $16,284,355 0.98% 64,713 $1,890,203 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $16,242,512 0.98% 28,838 $-562,415 Down ×1
IAU iShares Gold Trust Shares $16,174,194 0.97% 214,200 $-7,531,631 Down ×2
VBK Vanguard Morningstar Small-Cap Growth ETF $15,057,212 0.91% 41,174 $4,463,517 Up ×6
IWL iShares Russell Top 200 ETF $14,223,777 0.86% 76,906 $8,912,889 Up ×2
COP ConocoPhillips Common Stock $13,884,416 0.84% 133,556 $2,991,881 Up ×1
VCSH Vanguard Short-Term Corporate Bond ETF $13,511,762 0.81% 170,970 $1,456,219 Up ×2
QUAL iShares Trust $13,373,727 0.81% 60,948 $2,882,881 Up ×3
VTWV Vanguard Russell 2000 Value ETF $13,122,429 0.79% 67,143 $3,915,801 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $13,107,627 0.79% 246,523 $2,937,818 Up ×3
VMBS Vanguard Mortgage-Backed Securities ETF $13,048,801 0.79% 278,761 $911,548 Up ×1
NEE NextEra Energy, Inc. Common Stock $12,904,906 0.78% 147,029 $-898,797 Down ×1
WMT Walmart Inc. - Common Stock $12,698,209 0.77% 112,113 $-6,872,046 Down ×3
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $12,296,332 0.74% 774,329 Up ×1
V Visa Inc. $11,527,072 0.69% 33,596 $911,017 Down ×4
MU Micron Technology, Inc. - Common Stock $11,512,280 0.69% 9,973 $10,652,651 Up ×2
SHY iShares 1-3 Year Treasury Bond ETF $11,098,636 0.67% 135,168 $-265,052 Down ×1
BK The Bank of New York Mellon Corporation Common Stock $11,019,621 0.66% 76,204 $1,870,078 Down ×3
VOO Vanguard S&P 500 ETF $10,888,859 0.66% 15,854 $3,515,864 Up ×3
MCD McDonald's Corporation Common Stock $10,881,207 0.66% 40,256 $-2,343,156 Down ×3
LRCX Lam Research Corporation - Common Stock $10,663,873 0.64% 24,610 $4,196,212 Down ×5
ABT Abbott Laboratories Common Stock $10,615,976 0.64% 116,992 $-1,581,405 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $10,280,824 0.62% 20,506 $42,930 Down ×3
ORCL Oracle Corporation Common Stock $9,417,609 0.57% 64,263 $-184,519 Down ×6
VOT Vanguard Morningstar Mid-Cap Growth ETF $9,397,482 0.57% 30,681 $2,340,429 Up ×4
VGSH Vanguard Short-Term Treasury ETF $9,264,218 0.56% 159,179 $835,217 Up ×5
AMD Advanced Micro Devices, Inc. - Common Stock $9,169,715 0.55% 15,785 $8,636,944 Up ×1
VUG Vanguard Morningstar Growth ETF $9,129,835 0.55% 105,988 $2,412,790 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $9,112,512 0.55% 4,580 $2,569,678 Down ×1
LQD iShares Trust $8,944,396 0.54% 82,006 $-282,364 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $8,894,419 0.54% 75,723 $7,748,618 Up ×1
MMM 3M Company Common Stock $8,402,998 0.51% 51,899 $845,126 Down ×2
BLK BlackRock, Inc. Common Stock $8,324,163 0.50% 8,656 $-3,090,264 Down ×1
ILF iShares Latin America 40 ETF $8,274,144 0.50% 245,156 $-2,942,110 Down ×1
GCAL Goldman Sachs Dynamic California Municipal Income ETF $8,260,990 0.50% 161,344 $1,480,220 Up ×3
ROK Rockwell Automation, Inc. Common Stock $8,194,190 0.49% 16,552 $2,170,299 Down ×5
EOG EOG Resources, Inc. Common Stock $8,104,185 0.49% 62,470 $-909,317 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $8,092,531 0.49% 8,001 $1,271,439 Down ×5
ETR Entergy Corporation Common Stock $7,975,028 0.48% 69,433 $197,817 Up ×5
MTBA Simplify Exchange Traded Funds $7,785,104 0.47% 158,653 $777,657 Up ×1
MDT Medtronic plc. Ordinary Shares $7,775,460 0.47% 99,392 $-4,030,617 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $7,750,660 0.47% 22,728 $4,041,460 Down ×5
MRK Merck & Company, Inc. Common Stock (new) $7,685,458 0.46% 59,809 $438,874 Down ×1
TSN Tyson Foods, Inc. Common Stock $7,297,696 0.44% 127,469 $-1,023,439 Down ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $7,288,449 0.44% 29,156 $1,541,531 Up ×2
PCAR PACCAR Inc. - Common Stock $7,254,444 0.44% 60,394 $295,327 Up ×3
CAM AB Active ETFs, Inc. $7,188,616 0.43% 285,716 $3,872,202 Up ×1
LOW Lowe's Companies, Inc. Common Stock $7,151,048 0.43% 32,433 $-489,371 Up ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF $7,014,675 0.42% 84,872 $-117,068 Down ×2
BSV VANGUARD BOND INDEX FUNDS $6,947,873 0.42% 89,178 $-1,835,854 Down ×2
PM Philip Morris International Inc Common Stock $6,848,202 0.41% 37,856 $544,098 Down ×1
VBR Vanguard Morningstar Small-Cap Value ETF $6,812,418 0.41% 28,035 $45,542 Down ×2
STIP iShares 0-5 Year TIPS Bond ETF $6,807,970 0.41% 66,640 Up ×1
DLN WisdomTree Trust $6,697,331 0.40% 69,532 $249,225 Down ×4
ODFL Old Dominion Freight Line, Inc. - Common Stock $6,597,628 0.40% 30,460 $643,390 Down ×1
EMR Emerson Electric Company Common Stock $6,537,825 0.39% 45,671 $547,943 Down ×6
IBM International Business Machines Corporation Common Stock $6,468,881 0.39% 23,004
MBB iShares MBS ETF $6,429,342 0.39% 68,021 $-1,082,165 Down ×1
MUB iShares Trust $6,193,279 0.37% 57,548 $276,379 Up ×3
JPIB JPMorgan International Bond Opportunities ETF $6,178,521 0.37% 127,787 $557,208 Up ×4
PGR Progressive Corporation (The) Common Stock $6,114,311 0.37% 27,990 $-2,201,912 Down ×1
SUB iShares Short-Term National Muni Bond ETF $6,001,786 0.36% 56,371 $1,392,265 Up ×1
REG Regency Centers Corporation - Common Stock $5,827,491 0.35% 73,081 $499,347 Up ×2
CMF iShares Trust $5,803,310 0.35% 100,682 $-504,625 Down ×2
AMAT Applied Materials, Inc. - Common Stock $5,510,725 0.33% 7,623 $2,912,661 Up ×1
BA Boeing Company (The) Common Stock $5,497,955 0.33% 25,398 $419,127 Down ×1
Unknown issuer (CUSIP: 69120V309) $5,378,964 0.32% 587,865 $-54,848 Down ×1
IWX iShares Russell Top 200 Value ETF $5,375,251 0.32% 51,115 $-50,020 Down ×1
CI The Cigna Group Common Stock $5,321,666 0.32% 19,305 $324,020 Up ×2
ROST Ross Stores, Inc. - Common Stock $5,307,805 0.32% 24,937 $-6,541,334 Down ×1
CALI iShares Short-Term California Muni Active ETF $5,247,812 0.32% 103,845 $2,243,847 Up ×2
LHX L3Harris Technologies, Inc. Common Stock $5,216,270 0.31% 17,951 $-1,456,768 Down ×1
IVV iShares Trust $5,173,276 0.31% 6,907 $810,835 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $5,124,225 0.31% 10,241 $419,115 Up ×2
EEM iShares, Inc. $5,080,840 0.31% 74,271 $545,929 Down ×3
NOW ServiceNow, Inc. Common Stock $5,038,851 0.30% 50,754

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IEMG $32,686,476 1.97% up ×3
IGSB $29,422,617 1.77% up ×3
AVGO $23,162,001 1.40% up ×6
PYLD $22,933,613 1.38% up ×5
IEI $22,768,525 1.37% up ×6
JIG $17,506,754 1.06% up ×4
IGF $16,978,382 1.02% up ×5
VBK $15,057,212 0.91% up ×6
QUAL $13,373,727 0.81% up ×3
IGIB $13,107,627 0.79% up ×3
VOO $10,888,859 0.66% up ×3
VOT $9,397,482 0.57% up ×4
VGSH $9,264,218 0.56% up ×5
GCAL $8,260,990 0.50% up ×3
ETR $7,975,028 0.48% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
PDBC $12,296,332 774,329 0.74%
STIP $6,807,970 66,640 0.41%
IBM $6,468,881 23,004 0.39%
NOW $5,038,851 50,754 0.30%
CTVA $4,083,284 48,214 0.25%
Unknown issuer (CUSIP: 00999V559) $2,085,055 181 0.13%
FTCA $2,053,530 276,756 0.12%
SHV $1,053,291 9,545 0.06%
Unknown issuer (CUSIP: 438516205) $834,527 3,262 0.05%
Unknown issuer (CUSIP: 43849R105) $719,992 3,258 0.04%
VDC $621,449 2,756 0.04%
MRVL $508,558 1,707 0.03%
CRWD $505,514 662 0.03%
BND $500,381 6,816 0.03%
STX $449,140 465 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IEMG Bought more +141K +$15.0M
AAPL Bought more +490 +$11.5M
IWL Bought more +44K +$8.9M
GOOGL Trimmed -874 +$8.1M
IAU Trimmed -55K -$7.5M
WMT Trimmed -45K -$6.9M
GSSC Bought more +12K +$6.8M
ROST Trimmed -30K -$6.5M
IGSB Bought more +124K +$6.5M
PXF Bought more +44K +$5.2M

4 positions 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
XYL March 31, 2026 42,735 $5,819,817 -14.8%
SNOW March 31, 2026 24,440 $5,361,098 126.1%
CHTR June 30, 2026 24,374 $5,261,840 -23.1%
TRMB March 31, 2026 61,252 $4,799,157 -11.8%
TWLO Sept. 30, 2025 31,802 $3,954,920 194.3%
MRVL March 31, 2026 45,634 $3,878,009 174.9%
FIS Sept. 30, 2025 45,661 $3,717,290 -50.8%
HON June 30, 2026 8,717 $1,970,164 -4.4%
BND March 31, 2026 16,902 $1,251,931
MAR March 31, 2026 3,848 $1,193,907 9.8%
APP March 31, 2026 1,765 $1,188,921 -32.6%
SLB June 30, 2025 19,420 $811,762 44.2%
ULTA Sept. 30, 2025 1,714 $801,846 -0.6%
NVO March 31, 2026 14,346 $729,925 1.6%
IWP Sept. 30, 2025 5,187 $719,333 -2.1%
DFUS March 31, 2026 9,579 $710,475
PSX June 30, 2025 4,962 $612,681 121.8%
BND June 30, 2025 8,174 $600,382
IQV March 31, 2026 2,598 $585,499 51.4%
ZTS June 30, 2026 4,593 $542,886 -3.0%
NKE June 30, 2026 10,140 $535,604 -17.5%
CMCSA June 30, 2026 18,373 $527,469 -12.1%
XCOR June 30, 2025 6,089 $398,318
ISRG June 30, 2026 843 $388,524 -1.4%
SONY March 31, 2026 14,845 $380,032 15.1%
VONV June 30, 2025 4,588 $378,694
FBND March 31, 2026 7,896 $363,554
RWR June 30, 2025 3,577 $354,552 10.2%
NXPI Sept. 30, 2025 1,595 $348,486 7.0%
TER June 30, 2026 1,157 $342,961 -7.2%
BMY June 30, 2026 5,607 $339,998 6.1%
SHEL June 30, 2025 4,537 $332,458 36.7%
IBM March 31, 2026 1,120 $331,708 -8.1%
TER Sept. 30, 2025 3,633 $326,635 226.2%
EGP June 30, 2026 1,758 $325,388 -3.3%
DUHP March 31, 2026 8,289 $315,231
DFLV March 31, 2026 9,209 $315,040
ETN Dec. 31, 2025 801 $299,458 36.9%
AKRE March 31, 2026 4,424 $289,816
BIV June 30, 2025 3,584 $274,382
VCLT March 31, 2026 3,616 $274,274
OKE June 30, 2026 2,970 $268,487 1.1%
ADBE Sept. 30, 2025 660 $255,199 -32.6%
BKLN Dec. 31, 2025 11,898 $249,025
BMY June 30, 2025 4,077 $248,625 32.1%
COF March 31, 2026 993 $240,608 6.7%
ACGL June 30, 2025 2,468 $237,373 2.8%
VWOB March 31, 2026 3,475 $234,319
CMG Dec. 31, 2025 5,928 $232,320 -12.5%
SLV June 30, 2026 3,352 $228,405 2.4%
OKE June 30, 2025 2,244 $222,650 7.7%
GTLS Dec. 31, 2025 1,102 $220,566 No longer tracked
AXP March 31, 2026 592 $218,904 0.1%
VWO June 30, 2025 4,824 $218,334
VDC March 31, 2026 1,029 $217,366
XOP June 30, 2025 1,624 $213,898
JPRE June 30, 2026 4,428 $212,852
OMC June 30, 2025 2,554 $211,755 3.1%
BKLN June 30, 2026 10,374 $211,733
FCNCA Sept. 30, 2025 106 $207,385 15.9%
VHT March 31, 2026 710 $204,374
MDLZ Dec. 31, 2025 3,268 $204,146 8.1%
DUK Dec. 31, 2025 1,635 $202,424 -2.6%
CAH Sept. 30, 2025 1,204 $202,272 45.5%
FISV June 30, 2025 913 $201,604 -74.3%
NOW March 31, 2026 1,315 $201,439 28.5%
TTE June 30, 2026 2,212 $201,205 8.5%