Sector breakdown

04
Technology 9.9%
Financials 5.3%
Healthcare 4.4%
Retail 4.0%
Industrials 3.6%
Communication Services 3.4%
Energy 1.1%
Materials 0.8%
Consumer Staples 0.5%
Consumer products 0.4%
Utilities 0.4%
Consumer Discretionary 0.3%
Real Estate 0.0%
Other/Unmapped 65.9%

Full portfolio 361 positions

05
Type Streak 8Q trend
Unknown issuer (CUSIP: 100001999) $176,320,749 6.21% 176,320,761 $-4,821,670 Down ×2
Unknown issuer (CUSIP: 922908710) $143,431,497 5.05% 207,295 $15,461,454 Down ×2
Unknown issuer (CUSIP: 31420B862) $100,214,533 3.53% 9,932,066 $2,303,260 Up ×6
Unknown issuer (CUSIP: 31428Q739) $94,386,728 3.32% 9,998,596 $-1,144,102 Down ×1
Unknown issuer (CUSIP: 922908645) $68,859,634 2.42% 172,525 $5,915,727 Down ×2
BSV VANGUARD BOND INDEX FUNDS $67,923,106 2.39% 871,815 $-1,344,209 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $64,040,347 2.26% 179,199 $11,658,418 Down ×6
LLY Eli Lilly and Company Common Stock $60,484,856 2.13% 50,428 $14,319,760 Up ×1
AAPL Apple Inc. - Common Stock $56,921,453 2.00% 196,715 $5,897,481 Down ×6
Unknown issuer (CUSIP: 808509376) $56,173,333 1.98% 3,456,822 $4,542,832 Down ×1
AVGO Broadcom Inc. - Common Stock $49,893,221 1.76% 132,080 $7,196,007 Down ×6
LRCX Lam Research Corporation - Common Stock $44,339,192 1.56% 102,322 $22,168,334 Down ×5
VOO Vanguard S&P 500 ETF $43,029,333 1.52% 62,651 $6,562,052 Up ×4
IYW iShares U.S. Technology ETF $40,828,722 1.44% 161,871 $10,745,658 Down ×6
Unknown issuer (CUSIP: 316071109) $40,368,738 1.42% 1,506,313 $5,604,720 Down ×1
Unknown issuer (CUSIP: 921921300) $40,174,016 1.41% 404,317 $2,386,257 Up ×3
VGT Vanguard Information Tech ETF $39,631,039 1.40% 331,585 $12,242,738 Up ×3
MSFT Microsoft Corporation - Common Stock $38,271,106 1.35% 102,598 $1,034,595 Up ×1
Unknown issuer (CUSIP: 665162467) $35,400,763 1.25% 3,436,981 $1,541,111 Up ×3
IVW iShares S&P 500 Growth ETF $35,330,494 1.24% 256,893 $6,416,524 Up ×1
APH Amphenol Corporation Common Stock $32,817,384 1.16% 186,124 $8,775,380 Down ×5
NVDA NVIDIA Corporation - Common Stock $32,556,844 1.15% 162,711 $2,977,383 Down ×1
AMZN Amazon.com, Inc. - Common Stock $32,180,429 1.13% 135,019 $3,849,877 Down ×1
IJR iShares Trust $30,505,439 1.07% 205,687 $4,090,682 Down ×6
AGG iShares Trust $30,242,052 1.06% 305,537 $-1,298,211 Down ×6
Unknown issuer (CUSIP: 47103C795) $30,156,265 1.06% 193,093 $4,288,201 Up ×6
JPM JP Morgan Chase & Co. Common Stock $28,449,560 1.00% 86,914 $5,185,328 Up ×1
Unknown issuer (CUSIP: 921937702) $28,043,047 0.99% 2,752,018 $-2,838,294 Down ×1
Unknown issuer (CUSIP: 00770X675) $27,904,872 0.98% 1,694,299 $2,667,938 Up ×6
Unknown issuer (CUSIP: 921910501) $27,775,381 0.98% 230,179 $3,948,461 Up ×5
Unknown issuer (CUSIP: 922908686) $26,580,268 0.94% 183,136 $2,711,727 Down ×6
Unknown issuer (CUSIP: 55273W475) $26,522,706 0.93% 750,930 $3,126,334 Up ×6
AVUV AMERICAN CENTURY ETF TRUST $24,687,758 0.87% 197,882 $3,876,646 Up ×5
V Visa Inc. $23,708,205 0.83% 69,102 $5,127,699 Up ×1
FRME First Merchants Corporation - Common Stock $22,805,918 0.80% 521,994 $2,466,549 Down ×3
BIV VANGUARD BOND INDEX FUNDS $22,387,656 0.79% 291,886 $-782,784 Down ×1
Unknown issuer (CUSIP: 922907878) $22,269,969 0.78% 1,612,598 $3,804,117 Up ×4
Unknown issuer (CUSIP: 61756E461) $20,835,353 0.73% 730,548 $3,169,126 Up ×5
IVE iShares Trust $20,242,172 0.71% 89,149 $1,944,124 Up ×1
SYK Stryker Corporation Common Stock $19,282,061 0.68% 61,244 $1,279,929 Up ×1
IEFA iShares Core MSCI EAFE ETF $18,758,057 0.66% 194,223 $1,778,794 Up ×6
Unknown issuer (CUSIP: 46141P834) $17,940,802 0.63% 724,280 $3,954,302 Up ×5
Unknown issuer (CUSIP: 922908660) $17,604,290 0.62% 66,054 $1,877,925 Down ×6
Unknown issuer (CUSIP: 461418444) $17,565,429 0.62% 610,123 $2,183,646 Down ×2
WMT Walmart Inc. - Common Stock $16,701,433 0.59% 147,461 $-4,921,174 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $15,544,204 0.55% 102,602 $-817,381 Up ×1
Unknown issuer (CUSIP: 921937603) $15,358,045 0.54% 1,591,509 $-1,131,849 Down ×1
FTNT Fortinet, Inc. - Common Stock $15,010,210 0.53% 97,710 $6,897,702 Down ×1
ABBV AbbVie Inc. Common Stock $14,880,228 0.52% 59,133 $2,691,436 Up ×1
CB Chubb Limited Common Stock $13,964,888 0.49% 40,984 $337,429 Down ×2
IJK iShares Trust $13,935,501 0.49% 118,600 $1,776,882 Down ×6
LOW Lowe's Companies, Inc. Common Stock $13,658,914 0.48% 61,948 $-1,171,909 Down ×2
IJJ iShares Trust $13,530,443 0.48% 91,589 $1,163,290 Down ×6
COST Costco Wholesale Corporation - Common Stock $13,286,481 0.47% 14,203 $-3,376,817 Down ×2
XLK SELECT SECTOR SPDR TRUST $13,037,664 0.46% 68,432 $3,988,370 Up ×3
Unknown issuer (CUSIP: 922907886) $12,814,483 0.45% 1,167,075 $3,801,126 Up ×3
SPY SPY $12,700,317 0.45% 17,007 $675,530 Down ×2
JNJ Johnson & Johnson Common Stock $12,577,102 0.44% 49,522 $-3,338,142 Down ×1
Unknown issuer (CUSIP: 256210105) $12,493,469 0.44% 985,294 $-2,103,267 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $12,387,873 0.44% 21,992 $-307,692 Down ×1
Unknown issuer (CUSIP: 922031836) $12,000,703 0.42% 1,156,137 $-1,362,778 Down ×1
GSY Invesco Actively Managed Exchange-Traded Fund Trust $11,621,410 0.41% 231,733 $-591,681 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $11,525,354 0.41% 124,909 $-57,211 Up ×3
CAT Caterpillar, Inc. Common Stock $10,994,028 0.39% 10,324 $3,895,967 Up ×1
Unknown issuer (CUSIP: 922908678) $10,918,686 0.38% 128,381 $347,824 Down ×6
PG Procter & Gamble Company (The) Common Stock $10,863,677 0.38% 74,084 $235,204 Up ×3
BLK BlackRock, Inc. Common Stock $10,732,933 0.38% 11,162 $-204,595 Down ×1
Unknown issuer (CUSIP: 35351410X) $10,719,000 0.38% 100,000 $1,502,000
CMI Cummins Inc. Common Stock $10,453,519 0.37% 14,657 $3,215,536 Up ×1
VONV Vanguard Russell 1000 Value ETF $10,322,701 0.36% 97,100 $1,220,547
SGOV iShares Trust $10,317,064 0.36% 102,484 $1,025
TXN Texas Instruments Incorporated - Common Stock $10,247,944 0.36% 34,381 $3,362,187 Down ×2
Unknown issuer (CUSIP: 372005991) $10,174,223 0.36% 8,340 $0
AME AMETEK, Inc. $10,151,319 0.36% 41,958 $1,062,884 Down ×1
IWP iShares Russell Midcap Growth ETF $10,048,265 0.35% 68,631 $1,528,285 Up ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $9,959,295 0.35% 14,160 $390,880 Down ×6
LIN Linde plc - Ordinary Shares $9,942,371 0.35% 19,159 $-250,951 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $9,890,098 0.35% 107,396 $-180,554 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $9,542,326 0.34% 19,981 $2,755,614 Down ×1
XLV SELECT SECTOR SPDR TRUST $9,063,294 0.32% 57,124 $592,021 Down ×2
IEMG iShares, Inc. $8,749,726 0.31% 105,622 $1,679,796 Up ×6
Unknown issuer (CUSIP: 665130100) $8,494,694 0.30% 348,141 $706,121 Down ×6
HD Home Depot, Inc. (The) Common Stock $8,377,561 0.29% 23,754 $443,090 Down ×6
SPGI S&P Global Inc. Common Stock $7,897,179 0.28% 19,391 $-467,983 Down ×1
Unknown issuer (CUSIP: 921946786) $7,813,012 0.28% 163,933 $428,599 Down ×6
IWR iShares Russell Mid-Cap ETF $7,512,682 0.26% 68,099 $847,565 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $7,481,615 0.26% 63,695 $2,539,985 Up ×1
XOM Exxon Mobil Corporation Common Stock $7,311,923 0.26% 53,481 $-1,898,409 Down ×4
EOG EOG Resources, Inc. Common Stock $7,309,377 0.26% 56,343 $-1,070,912 Down ×6
RTX RTX Corporation Common Stock $7,303,656 0.26% 38,495 $135,878 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,204,615 0.25% 14,398 $545,172 Up ×1
MCD McDonald's Corporation Common Stock $6,939,669 0.24% 25,673 $-1,108,238 Down ×1
PEP PepsiCo, Inc. - Common Stock $6,827,409 0.24% 50,424 $-852,924 Up ×1
Unknown issuer (CUSIP: 92204A793) $6,744,567 0.24% 13,773 $1,272,225 Down ×6
Unknown issuer (CUSIP: 779546308) $6,738,274 0.24% 75,869 $181,775 Down ×6
XLY XLY $6,537,891 0.23% 55,746 $508,246 Up ×1
BAESY CUSIP: 05523R107 $6,532,315 0.23% 66,726 $-1,407,784 Down ×1
SCHD SCHWAB STRATEGIC TRUST $6,338,354 0.22% 199,885 $-2,005 Down ×6
DHR Danaher Corporation Common Stock $6,335,936 0.22% 33,263 $-212,659 Down ×1
IWS iShares Russell Mid-Cap Value ETF $6,171,513 0.22% 37,494 $1,035,344 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
None $100,214,533 3.53% up ×6
VOO $43,029,333 1.52% up ×4
None $40,174,016 1.41% up ×3
VGT $39,631,039 1.40% up ×3
None $35,400,763 1.25% up ×3
None $30,156,265 1.06% up ×6
None $27,904,872 0.98% up ×6
None $27,775,381 0.98% up ×5
None $26,522,706 0.93% up ×6
AVUV $24,687,758 0.87% up ×5
None $22,269,969 0.78% up ×4
None $20,835,353 0.73% up ×5
IEFA $18,758,057 0.66% up ×6
None $17,940,802 0.63% up ×5
XLK $13,037,664 0.46% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $565,225 973 0.02%
MRVL $357,468 1,200 0.01%
AMAT $318,843 441 0.01%
TWLO $309,495 1,500 0.01%
KLAC $289,642 960 0.01%
NSRGY $278,084 2,700 0.01%
PWR $233,293 324 0.01%
ITOT $228,171 1,389 0.01%
KEY $228,057 9,894 0.01%
Unknown issuer (CUSIP: 54401E473) $220,656 22,044 0.01%
Unknown issuer (CUSIP: 921913208) $210,526 1,763 0.01%
GEV $206,775 176 0.01%
IYJ $205,646 1,234 0.01%
WELL $204,273 900 0.01%
USB $200,951 3,327 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LRCX Trimmed -1K +$22.2M
· Trimmed -5K +$15.5M
LLY Bought more +236 +$14.3M
VGT Bought more +292K +$12.2M
GOOGL Trimmed -3K +$11.7M
IYW Trimmed -4K +$10.7M
APH Trimmed -4K +$8.8M
AVGO Trimmed -6K +$7.2M
FTNT Trimmed -2K +$6.9M
VOO Bought more +2K +$6.6M

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 51,911 $11,733,443 -4.2%
AZN March 31, 2026 97,418 $8,955,636 -21.3%
IWD Sept. 30, 2025 23,935 $4,648,895
ANSS Sept. 30, 2025 10,679 $3,750,679 No longer tracked
ZTS June 30, 2026 20,415 $2,413,257 -2.3%
TROW Sept. 30, 2025 9,810 $946,665 0.6%
TY Dec. 31, 2025 27,607 $938,638 5.0%
ALC March 31, 2026 11,653 $918,373 -15.3%
BKNG March 31, 2026 138 $739,036 -7.9%
SHW March 31, 2026 1,984 $642,876 -1.2%
MDLZ March 31, 2026 11,616 $625,289 0.7%
AMAT March 31, 2026 1,941 $498,818 56.6%
GE June 30, 2025 2,457 $491,769 19.8%
EMB June 30, 2025 5,116 $463,458
IAU June 30, 2025 7,830 $461,657 24.8%
TFCPRO June 30, 2025 21,420 $455,603 No longer tracked
BNDX Sept. 30, 2025 6,781 $335,727
T June 30, 2026 11,271 $326,746 17.4%
PAYX June 30, 2025 2,003 $309,023 -31.5%
PFF March 31, 2026 9,705 $300,467
FDL June 30, 2025 6,714 $291,656
USB June 30, 2025 6,829 $288,320 26.5%
D June 30, 2025 4,958 $277,995 7.6%
AMD March 31, 2026 1,199 $256,778 209.6%
NKE Sept. 30, 2025 3,547 $251,979 -52.6%
VCSH Dec. 31, 2025 3,134 $250,501
POOL Dec. 31, 2025 803 $248,986 -30.6%
BMY June 30, 2025 4,050 $247,010 27.6%
JPMPRL June 30, 2025 12,160 $243,808 No longer tracked
IBM June 30, 2025 975 $242,444 -24.9%
SLV June 30, 2026 3,509 $239,103 3.4%
DOW June 30, 2026 5,625 $234,281 2.6%
SNOW March 31, 2026 1,056 $231,644 125.5%
PFF Sept. 30, 2025 7,444 $228,382
AEP June 30, 2026 1,733 $227,162 -12.8%
LKFN Dec. 31, 2025 3,500 $224,700 3.0%
EW Sept. 30, 2025 2,840 $222,116 11.8%
CRM June 30, 2026 1,154 $215,417 47.8%
SITE June 30, 2026 1,607 $213,908 -22.8%
TWLO March 31, 2026 1,500 $213,360 132.6%
KMB Dec. 31, 2025 1,696 $210,881 -6.3%
PSAPRL June 30, 2025 11,000 $209,110 No longer tracked
APD June 30, 2025 707 $208,508 -1.2%
ITOT March 31, 2026 1,389 $206,530 18.1%
GPC Dec. 31, 2025 1,479 $204,989 2.4%
KEY March 31, 2026 9,894 $204,212 0.3%
KHC June 30, 2025 6,683 $203,364 -15.1%
VUG March 31, 2026 416 $202,950 25.9%
AZO June 30, 2026 60 $202,667 -14.0%
NWBI Dec. 31, 2025 10,080 $124,891 25.9%
CTOS June 30, 2025 20,000 $84,400 96.4%