Sector breakdown

04
Financials 20.4%
Technology 9.2%
Healthcare 5.1%
Industrials 3.1%
Retail 2.4%
Communication Services 2.3%
Energy 1.8%
Consumer Discretionary 0.8%
Consumer Staples 0.8%
Utilities 0.7%
Materials 0.7%
Consumer products 0.5%
Real Estate 0.3%
Other/Unmapped 51.7%

Full portfolio 295 positions

05
Type Streak 8Q trend
THFF First Financial Corporation - Common Stock $48,873,313 16.91% 631,112 $8,408,060 Down ×1
VOO Vanguard S&P 500 ETF $35,875,520 12.41% 52,235 $3,776,329 Down ×1
VGT Vanguard Information Tech ETF $18,513,409 6.41% 154,898 $4,491,331 Up ×1
VEA Vanguard FTSE Developed Markets ETF $11,303,884 3.91% 158,651 $1,222,305 Up ×3
IVV iShares Trust $9,271,258 3.21% 12,380 $1,184,518
VO Vanguard Morningstar Mid-Cap ETF $6,558,882 2.27% 81,406 $706,440 Up ×3
MSFT Microsoft Corporation - Common Stock $6,233,164 2.16% 16,710 $-39,367 Down ×5
VB Vanguard Morningstar Small-Cap ETF $5,843,547 2.02% 19,278 $764,394 Down ×1
AAPL Apple Inc. - Common Stock $5,635,865 1.95% 19,477 $635,441 Down ×5
LLY Eli Lilly and Company Common Stock $5,051,999 1.75% 4,212 $1,106,185 Down ×4
VOX Vanguard Communication Services ETF $4,499,785 1.56% 24,462 $92,626 Down ×1
NVDA NVIDIA Corporation - Common Stock $4,157,070 1.44% 20,776 $480,020 Down ×2
AVGO Broadcom Inc. - Common Stock $3,796,388 1.31% 10,050 $685,812
IQDF FlexShares Trust $3,610,483 1.25% 104,470 $301,918
VFH Vanguard Financials ETF $3,601,234 1.25% 27,365 $238,850 Down ×5
JPM JP Morgan Chase & Co. Common Stock $3,283,120 1.14% 10,030 $309,457 Down ×6
QQQM Invesco NASDAQ 100 ETF $3,119,076 1.08% 10,295 $649,492 Down ×1
VIS Vanguard Industrials ETF $2,944,665 1.02% 8,171 $331,696 Down ×4
VCR Vanguard Consumer Discretion ETF $2,886,131 1.00% 7,277 $180,481 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $2,674,557 0.93% 7,484 $522,458
VHT Vanguard Health Care ETF $2,642,352 0.91% 8,837 $209,084 Down ×3
EFA iShares Trust $2,607,284 0.90% 25,099 $249,356 Up ×1
AMZN Amazon.com, Inc. - Common Stock $2,393,172 0.83% 10,041 $289,853 Down ×2
ABBV AbbVie Inc. Common Stock $2,337,233 0.81% 9,288 $317,186
EMXC iShares MSCI Emerging Markets ex China ETF $2,274,743 0.79% 22,236 $525,659
PANW Palo Alto Networks, Inc. - Common Stock $2,120,462 0.73% 6,218 $1,084,314 Down ×1
IYR iShares U.S. Real Estate ETF $2,111,258 0.73% 20,648 $182,612 Up ×6
XOM Exxon Mobil Corporation Common Stock $1,984,628 0.69% 14,516 $-494,104 Down ×5
IWB iShares Russell 1000 ETF $1,882,472 0.65% 4,597 $243,366
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $1,788,658 0.62% 15,032 $316,875
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $1,725,293 0.60% 2,453 $212,381
META Meta Platforms, Inc. - Class A Common Stock $1,669,592 0.58% 2,964 $-13,042 Up ×2
WCN Waste Connections, Inc. Common Shares $1,625,228 0.56% 9,750 $41,438
Unknown issuer (CUSIP: 765555AF8) $1,624,896 0.56% 29,016 $1,624,895 Up ×1
QQQ Invesco QQQ Trust, Series 1 $1,586,206 0.55% 2,154 $246,571 Down ×4
MRK Merck & Company, Inc. Common Stock (new) $1,507,305 0.52% 11,730 $96,303
V Visa Inc. $1,506,852 0.52% 4,392 $186,667 Up ×1
HD Home Depot, Inc. (The) Common Stock $1,486,899 0.51% 4,216 $115,757 Up ×3
XSOE WisdomTree Trust $1,406,646 0.49% 28,602 $226,102 Down ×1
LMT Lockheed Martin Corporation Common Stock $1,392,355 0.48% 2,733 $-289,663 Down ×2
NEE NextEra Energy, Inc. Common Stock $1,332,963 0.46% 15,187 $-95,903 Down ×2
ABT Abbott Laboratories Common Stock $1,317,636 0.46% 14,521 $-317,897 Down ×1
IWM iShares Russell 2000 Index Fund $1,316,271 0.46% 4,381 $227,799 Down ×2
VWO Vanguard FTSE Emerging Markets ETF $1,293,064 0.45% 21,663 $129,259 Up ×1
QDF FlexShares Trust $1,283,428 0.44% 14,273 $154,577
TMO Thermo Fisher Scientific Inc Common Stock $1,190,229 0.41% 2,374 $23,828 Up ×1
WMT Walmart Inc. - Common Stock $1,182,434 0.41% 10,440 $-115,049
PG Procter & Gamble Company (The) Common Stock $1,154,350 0.40% 7,872 $18,474 Up ×1
JCI Johnson Controls International plc Ordinary Share $1,151,639 0.40% 7,882 $68,158 Down ×4
VDC Vanguard Consumer Staples ETF $1,111,440 0.38% 4,929 $58,562 Up ×2
IGF iShares Global Infrastructure ETF $1,103,229 0.38% 16,565 $-6,626
CSCO Cisco Systems, Inc. - Common Stock $1,099,426 0.38% 9,360 $373,184
CAT Caterpillar, Inc. Common Stock $1,051,056 0.36% 987 $351,806
AVUV AMERICAN CENTURY ETF TRUST $1,037,006 0.36% 8,312 $90,057 Down ×6
LIN Linde plc - Ordinary Shares $973,013 0.34% 1,875 $34,044 Down ×2
INTC Intel Corporation - Common Stock $956,466 0.33% 6,850 $654,175
CVX Chevron Corporation Common Stock $873,887 0.30% 5,272 $-203,855 Up ×1
COST Costco Wholesale Corporation - Common Stock $864,374 0.30% 924 $-66,292 Down ×1
IWF iShares Russell 1000 Growth Fund $852,303 0.29% 6,864 $-170,631 Up ×1
CMG Chipotle Mexican Grill, Inc. Common Stock $823,786 0.29% 24,229 $92,101 Up ×6
KLAC KLA Corporation - Common Stock $820,651 0.28% 2,720 $420,155 Up ×1
VDE Vanguard Energy ETF $794,038 0.27% 5,289 $-180,351 Down ×6
ICE Intercontinental Exchange Inc. Common Stock $780,025 0.27% 6,336 $-182,371 Up ×1
VPU Vanguard Utilities ETF $772,155 0.27% 3,945 $-26,745 Down ×5
VNQ Vanguard Real Estate ETF $770,862 0.27% 7,994 $36,071 Down ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $743,013 0.26% 12,846 $-17,720 Down ×2
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $729,779 0.25% 1,397 $-11,439 Down ×2
RTX RTX Corporation Common Stock $710,349 0.25% 3,744 $-14,569 Down ×1
MGC VANGUARD WORLD FUND $684,075 0.24% 2,500 $93,200
GUNR FlexShares Trust $668,483 0.23% 13,565 $-79,763
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $660,060 0.23% 684 $388,178 Down ×2
VAW Vanguard Materials ETF $655,255 0.23% 2,864 $-9,273 Down ×2
IWR iShares Russell Mid-Cap ETF $649,895 0.22% 5,891 $77,113
MCD McDonald's Corporation Common Stock $636,850 0.22% 2,356 $-104,384 Down ×6
BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) $636,238 0.22% 7,637 $62,028 Down ×5
BAC Bank of America Corporation Common Stock $602,962 0.21% 10,582 $87,089
KO Coca-Cola Company (The) Common Stock $600,423 0.21% 7,388 $8,146 Down ×2
SCHD SCHWAB STRATEGIC TRUST $599,858 0.21% 18,917 $-13,313 Down ×1
IWD iShares Russell 1000 Value ETF $592,499 0.20% 2,444 $-160,047 Down ×4
PYPL PayPal Holdings, Inc. - Common Stock $590,098 0.20% 13,666 $-21,548 Up ×1
VTWO Vanguard Russell 2000 ETF $583,787 0.20% 4,808 $102,170
SU Suncor Energy Inc. Common Stock $565,519 0.20% 10,535 $-165,790 Down ×4
UNH UnitedHealth Group Incorporated Common Stock (DE) $556,113 0.19% 1,338 $191,898 Down ×6
UNP Union Pacific Corporation Common Stock $550,528 0.19% 2,024 $59,465
MPC Marathon Petroleum Corporation Common Stock $549,435 0.19% 2,149 $12,483 Down ×1
RSG Republic Services, Inc. Common Stock $546,337 0.19% 2,564 $-15,230
JNJ Johnson & Johnson Common Stock $532,067 0.18% 2,095 $15,076 Down ×6
VBK Vanguard Morningstar Small-Cap Growth ETF $528,071 0.18% 1,444 $29,358 Down ×2
AMT American Tower Corporation (REIT) Common Stock $523,424 0.18% 3,200 $-13,990 Up ×1
SYY Sysco Corporation Common Stock $500,645 0.17% 5,990 $1,977 Down ×2
BMY Bristol-Myers Squibb Company Common Stock $497,549 0.17% 8,635 $-26,164
TXN Texas Instruments Incorporated - Common Stock $491,517 0.17% 1,649 $171,380
GOOG Alphabet Inc. - Class C Capital Stock $446,962 0.15% 1,265 $84,084
MAR Marriott International - Class A Common Stock $445,820 0.15% 1,203 $52,355
IWS iShares Russell Mid-Cap Value ETF $438,988 0.15% 2,667 $49,279 Down ×2
SPY SPY $429,393 0.15% 575 $55,447
IEFA iShares Core MSCI EAFE ETF $427,560 0.15% 4,427 $26,784
MA Mastercard Incorporated Common Stock $406,258 0.14% 791 $11,027
WFC Wells Fargo & Company Common Stock $405,845 0.14% 4,911 $14,880
BP BP p.l.c. Common Stock $386,608 0.13% 10,463 $-105,153

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VEA $11,303,884 3.91% up ×3
VO $6,558,882 2.27% up ×3
IYR $2,111,258 0.73% up ×6
HD $1,486,899 0.51% up ×3
CMG $823,786 0.29% up ×6
NOW $17,374 0.01% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
EAPR $24,813 754 0.01%
IAPR $24,177 728 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
THFF Trimmed -9K +$8.4M
VGT Bought more +135K +$4.5M
VOO Trimmed -1K +$3.8M
VEA Bought more +1K +$1.2M
IVV Price move only +0 +$1.2M
LLY Trimmed -78 +$1.1M
PANW Trimmed -245 +$1.1M
VB Trimmed -114 +$764K
VO Bought more +61K +$706K
AVGO Price move only +0 +$686K

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 689 $155,735 -4.4%
BK June 30, 2025 1,047 $87,812 No longer tracked
IVW June 30, 2025 805 $74,728 31.9%
MRSH June 30, 2025 303 $73,941 -22.0%
INTU June 30, 2025 114 $69,995 -63.9%
IVE June 30, 2025 366 $69,752
EW June 30, 2025 954 $69,146 11.5%
DD June 30, 2026 1,338 $61,280 -3.6%
AEP June 30, 2025 475 $51,903 15.4%
XEL June 30, 2025 688 $48,704 5.0%
MUB Sept. 30, 2025 450 $47,016
GPC June 30, 2025 377 $44,916 4.1%
DGX June 30, 2025 251 $42,469 29.3%
USB June 30, 2025 854 $36,056 26.6%
KMX June 30, 2025 460 $35,843 -18.4%
VCSH Sept. 30, 2025 450 $35,775
DLR June 30, 2025 235 $33,673 3.2%
COR Dec. 31, 2025 97 $30,315 -6.8%
UGI March 31, 2026 750 $28,073 1.0%
ICUI June 30, 2025 200 $27,772 22.1%
UAL March 31, 2026 240 $26,837 19.5%
XMMO June 30, 2026 185 $26,829
VLO June 30, 2025 200 $26,414 212.0%
PDBC June 30, 2025 1,573 $21,440
WBA Sept. 30, 2025 1,800 $20,664 No longer tracked
DOV Dec. 31, 2025 83 $13,847 -2.0%
FE Dec. 31, 2025 249 $11,409 -2.5%
VT Dec. 31, 2025 79 $10,886
PGR Dec. 31, 2025 43 $10,619 -6.6%
DHI Dec. 31, 2025 57 $9,660 -7.5%
CTSH Dec. 31, 2025 139 $9,323 -29.3%
VT June 30, 2025 79 $9,160
GLW June 30, 2025 175 $8,012 203.0%
SNA Dec. 31, 2025 23 $7,970 6.6%
FTV Dec. 31, 2025 149 $7,300 3.9%
VTV June 30, 2026 36 $7,063
TFC March 31, 2026 120 $5,905 0.8%
CTRA Sept. 30, 2025 227 $5,761 No longer tracked
BND March 31, 2026 73 $5,407
CNX Dec. 31, 2025 160 $5,139 -12.3%
IOO June 30, 2026 42 $5,081 6.6%
FTGC Sept. 30, 2025 195 $4,811
CGDV June 30, 2026 111 $4,722
HSY June 30, 2025 25 $4,276 -3.0%
CGGR June 30, 2026 105 $4,220
AFL June 30, 2025 33 $3,669 6.6%
VLTO Sept. 30, 2025 35 $3,533 -9.4%
COKE Dec. 31, 2025 30 $3,515 26.7%
PAYX June 30, 2025 19 $2,931 -31.4%
CCL June 30, 2026 100 $2,588 -10.5%
LABU June 30, 2026 15 $2,491 -13.6%
TGT March 31, 2026 24 $2,346 26.2%
GWW June 30, 2025 2 $1,976 23.7%
AMTM Dec. 31, 2025 79 $1,892 -37.1%
LHX June 30, 2025 9 $1,884 -5.6%
WEC June 30, 2025 17 $1,853 -2.8%
BDX June 30, 2025 7 $1,603 33.4%
KHC Dec. 31, 2025 46 $1,198 -9.9%
CLX June 30, 2025 8 $1,178 -31.7%
BSV March 31, 2026 11 $867
SOLV June 30, 2026 2 $131 14.1%
KTB June 30, 2025 2 $128 -2.7%
ALC June 30, 2025 1 $94 -27.1%
KD June 30, 2025 1 $31 -72.3%
EMBC June 30, 2025 1 $13 -39.3%