Sector breakdown

04
Consumer Discretionary 1.6%
Other/Unmapped 98.4%

Full portfolio 177 positions

05
Type Streak 8Q trend
IVV iShares Trust $24,171,115 7.30% 32,275 $3,609,516 Up ×1
QQQ Invesco QQQ Trust, Series 1 $16,586,015 5.01% 22,498 $4,847,977 Up ×1
IJR iShares Trust $10,934,709 3.30% 73,728 $1,373,133 Down ×6
DGRO iShares Trust $8,088,931 2.44% 106,728 $806,699 Up ×1
AGG iShares Trust $7,423,098 2.24% 74,995 $4,102,417 Up ×1
VOO Vanguard S&P 500 ETF $6,494,865 1.96% 9,456 $1,024,997 Up ×1
IWF iShares Russell 1000 Growth Fund $6,332,316 1.91% 50,997 $921,613 Up ×1
IVW iShares S&P 500 Growth ETF $6,132,396 1.85% 44,589 $1,369,747 Up ×1
VIG Vanguard Div Appreciation ETF $5,893,216 1.78% 24,905 $415,928 Down ×6
IVE iShares Trust $5,648,630 1.71% 24,877 $486,934 Up ×2
VTV Vanguard Morningstar Value ETF $5,643,073 1.70% 25,893 $604,152 Up ×1
BLV VANGUARD BOND INDEX FUNDS $5,471,450 1.65% 79,376 $-609,157 Down ×2
SMH SMH $5,266,947 1.59% 8,030 $2,897,064 Up ×3
MUU Direxion Daily MU Bull 2X Shares $5,160,443 1.56% 4,920 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $5,140,988 1.55% 13,893 $641,510 Down ×4
IWY iShares Russell Top 200 Growth ETF $4,956,664 1.50% 17,055 $658,964 Down ×6
EMLP First Trust Exchange-Traded Fund IV $4,952,324 1.50% 113,846 $120,546 Up ×2
JEPI JPMorgan Equity Premium Income ETF $4,886,528 1.48% 86,517 $-58,772 Down ×2
XLK SELECT SECTOR SPDR TRUST $4,622,070 1.40% 24,260 $1,712,795 Up ×1
FDVV FIDELITY COVINGTON TRUST $4,527,481 1.37% 75,095 $367,068 Down ×1
MOAT VanEck ETF Trust $4,401,513 1.33% 42,338 $325,719 Up ×1
FVD First Trust Exchange-Traded Fund $4,329,252 1.31% 89,855 $95,187 Down ×6
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $4,153,955 1.25% 5,891 $541,496 Up ×3
IYW iShares U.S. Technology ETF $4,038,989 1.22% 16,013 $1,408,048 Up ×1
RDVY First Trust Rising Dividend Achievers ETF $3,916,416 1.18% 48,315 $785,171 Up ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $3,812,249 1.15% 62,028 $305,398 Down ×2
FPE First Trust Preferred Securities and Income ETF ETF $3,700,210 1.12% 206,946 $210,376 Up ×1
IWM iShares Russell 2000 Index Fund $3,600,132 1.09% 11,982 $498,462 Down ×6
LQD iShares Trust $3,522,624 1.06% 32,296 $134,728 Up ×5
IWR iShares Russell Mid-Cap ETF $3,449,085 1.04% 31,264 $308,991 Down ×2
IEFA iShares Core MSCI EAFE ETF $3,372,497 1.02% 34,919 $213,536 Up ×3
EFA iShares Trust $3,364,726 1.02% 32,390 $212,467 Down ×4
IWD iShares Russell 1000 Value ETF $3,314,029 1.00% 13,670 $114,723 Down ×6
CIBR First Trust NASDAQ Cybersecurity ETF $3,245,893 0.98% 36,125 $1,238,115 Up ×3
IJH iShares Trust $3,226,430 0.97% 41,841 $248,925 Down ×6
SPY SPY $3,185,032 0.96% 4,254 $860,560 Up ×1
FTSL First Trust Senior Loan Fund $2,997,738 0.91% 66,988 $-978 Up ×3
JHMM John Hancock Multifactor Mid Cap ETF $2,735,370 0.83% 36,491 $325,317 Up ×1
VYM Vanguard High Dividend Yield ETF $2,689,417 0.81% 17,018 $155,247 Down ×1
VEA Vanguard FTSE Developed Markets ETF $2,652,168 0.80% 37,223 $1,233,028 Up ×1
VB Vanguard Morningstar Small-Cap ETF $2,562,074 0.77% 8,452 $816,383 Up ×1
BND Vanguard Total Bond Market ETF $2,419,467 0.73% 32,958 $-9,767 Down ×1
SNXX Tradr 2X Long SNDK Daily ETF $2,344,666 0.71% 55,759 $2,071,334 Up ×1
VXUS Vanguard Total International Stock ETF $2,260,266 0.68% 26,438 $212,146 Down ×4
VPU Vanguard Utilities ETF $2,242,018 0.68% 11,454 $-4,274 Up ×1
XLP XLP $2,165,633 0.65% 26,069 $35,900 Up ×6
PXF Invesco Exchange-Traded Fund Trust II $2,139,798 0.65% 28,289 $462,420 Up ×6
XAR SPDR SERIES TRUST $1,965,984 0.59% 6,927 $392,433 Up ×1
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $1,947,247 0.59% 3,717 $-203,426 Down ×1
RODM Lattice Strategies Trust $1,893,920 0.57% 46,867 $-68,094 Down ×1
HEFA iShares Currency Hedged MSCI EAFE ETF $1,868,573 0.56% 39,820 $320,462 Up ×1
CWB SPDR SERIES TRUST $1,802,793 0.54% 16,720 $250,222 Down ×1
VO Vanguard Morningstar Mid-Cap ETF $1,761,683 0.53% 21,865 $184,379 Up ×1
AIRR First Trust RBA American Industrial Renaissance ETF $1,665,888 0.50% 12,501 $570,055 Up ×2
DVY iShares Select Dividend ETF $1,634,450 0.49% 10,457 $-28,828 Down ×1
RSP Invesco Exchange-Traded Fund Trust $1,569,549 0.47% 7,376 $133,977 Down ×5
XLC SELECT SECTOR SPDR TRUST $1,548,339 0.47% 14,452 $153,402 Up ×1
TLT iShares 20+ Year Treasury Bond ETF $1,491,436 0.45% 17,258 Up ×1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $1,484,245 0.45% 34,405 $62,686 Down ×1
GLD SPDR Gold Shares $1,473,888 0.45% 4,001 $240,247 Up ×1
VNQ Vanguard Real Estate ETF $1,459,280 0.44% 15,133 $62,627 Down ×6
BNDX Vanguard Total International Bond ETF $1,361,894 0.41% 28,120 $1,030 Down ×1
IQLT iShares Trust $1,325,375 0.40% 26,748 $27,416 Down ×5
IMCV iShares Morningstar Mid-Cap Value ETF $1,305,701 0.39% 14,289 $56,900 Down ×6
FLOT iShares Floating Rate Bond ETF $1,249,282 0.38% 24,471 $80,258 Up ×3
Unknown issuer (CUSIP: 77926X320) $1,248,213 0.38% 16,902 Up ×1
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $1,237,728 0.37% 6,454 $267,643 Up ×3
TIP iShares TIPS Bond ETF $1,198,424 0.36% 10,951 $620,997 Up ×3
USIG iShares Broad USD Investment Grade Corporate Bond ETF $1,198,293 0.36% 23,363 $800,228 Up ×1
OMFL Invesco Exchange-Traded Self-Indexed Fund Trust $1,187,014 0.36% 17,318 $216,306 Up ×2
BSV VANGUARD BOND INDEX FUNDS $1,180,200 0.36% 15,148 $-329,573 Down ×6
IEF iShares 7-10 Year Treasury Bond ETF $1,176,106 0.36% 12,436 $198,526 Up ×2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares $1,169,266 0.35% 9,583 $-257,971 Down ×1
XLV SELECT SECTOR SPDR TRUST $1,156,382 0.35% 7,288 $154,452 Up ×6
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $1,138,265 0.34% 21,718 $-42,283 Down ×2
FDT First Trust Developed Markets Ex-US AlphaDEX Fund $1,096,731 0.33% 11,583 $94,795 Up ×3
DAPP VanEck Digital Transformation ETF $1,094,610 0.33% 56,481 $247,655 Down ×4
SDY SPDR SERIES TRUST $1,077,594 0.33% 7,081 $60,769 Up ×1
IEMG iShares, Inc. $1,069,728 0.32% 12,913 $-126,753 Down ×2
INDA iShares Trust $1,067,431 0.32% 21,612 $-97,306 Down ×2
VOT Vanguard Morningstar Mid-Cap Growth ETF $1,061,599 0.32% 3,465 $195,730 Up ×2
BKLN Invesco Exchange-Traded Fund Trust II $1,025,309 0.31% 50,334 $68,541 Up ×2
FIW First Trust Exchange-Traded Fund $1,002,410 0.30% 9,152 $-219,311 Down ×2
VHT Vanguard Health Care ETF $1,002,025 0.30% 3,351 $82,779 Down ×2
MTUM iShares Trust $978,315 0.30% 2,853 $258,880 Down ×1
BOTZ Global X Robotics & Artificial Intelligence ETF $975,309 0.29% 25,694 $126,059 Up ×1
SRLN State Street Blackstone Senior Loan ETF $948,755 0.29% 23,548 $52,984 Up ×3
PREF Principal Exchange-Traded Funds $919,026 0.28% 48,217 $-82,395 Down ×1
USFR WisdomTree Floating Rate Treasury Fund $914,625 0.28% 18,165 $7,235 Up ×6
SHV iShares 0-1 Year Treasury Bond ETF $911,095 0.28% 8,256 $104,958 Up ×5
FBT First Trust Exchange-Traded Fund $904,605 0.27% 3,649 $171,768
IMCB iShares Trust $834,546 0.25% 8,642 $100,702 Down ×5
XLI SELECT SECTOR SPDR TRUST $802,158 0.24% 4,330 $32,943 Down ×2
QUAL iShares Trust $785,872 0.24% 3,581 $-112,465 Down ×5
LEGR First Trust Indxx Innovative Transaction & Process ETF $781,413 0.24% 12,162 $85,435 Up ×3
VTWO Vanguard Russell 2000 ETF $777,757 0.23% 6,405 $549,413 Up ×1
ACWX iShares MSCI ACWI ex U.S. ETF $773,915 0.23% 10,168 $68,114 Down ×2
EMET VanEck Copper and Electrification Metals ETF $755,923 0.23% 18,826 $-38,270 Down ×5
HYG iShares Trust $737,609 0.22% 9,223 $-130,422 Down ×3
QQQI NEOS Nasdaq 100 High Income ETF $730,274 0.22% 12,859 $339,678 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
SMH $5,266,947 1.59% up ×3
MDY $4,153,955 1.25% up ×3
LQD $3,522,624 1.06% up ×5
IEFA $3,372,497 1.02% up ×3
CIBR $3,245,893 0.98% up ×3
FTSL $2,997,738 0.91% up ×3
XLP $2,165,633 0.65% up ×6
PXF $2,139,798 0.65% up ×6
FLOT $1,249,282 0.38% up ×3
GRID $1,237,728 0.37% up ×3
TIP $1,198,424 0.36% up ×3
XLV $1,156,382 0.35% up ×6
FDT $1,096,731 0.33% up ×3
SRLN $948,755 0.29% up ×3
USFR $914,625 0.28% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MUU $5,160,443 4,920 1.56%
TLT $1,491,436 17,258 0.45%
Unknown issuer (CUSIP: 77926X320) $1,248,213 16,902 0.38%
WDCX $693,740 16,416 0.21%
BIL $490,203 5,349 0.15%
SOXQ $432,698 3,859 0.13%
QQQM $405,353 1,337 0.12%
IDVO $309,760 7,375 0.09%
FTXL $292,671 1,027 0.09%
XLY $205,126 1,749 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Bought more +2K +$4.8M
AGG Bought more +42K +$4.1M
IVV Bought more +798 +$3.6M
SMH Bought more +2K +$2.9M
XLK Bought more +2K +$1.7M
IYW Bought more +2K +$1.4M
IJR Trimmed -3K +$1.4M
IVW Bought more +2K +$1.4M
CIBR Bought more +4K +$1.2M
VEA Bought more +15K +$1.2M

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
TMFC June 30, 2025 41,512 $2,308,897
SPHY Dec. 31, 2025 80,865 $1,935,913
SOXX Dec. 31, 2025 5,340 $1,447,698 94.9%
COWZ March 31, 2026 15,738 $956,686
HEDJ Sept. 30, 2025 16,221 $780,562 10.0%
FJUL June 30, 2025 16,319 $777,338
RINC Sept. 30, 2025 35,965 $750,360
OUSM March 31, 2026 15,593 $682,047
GARP Sept. 30, 2025 10,539 $636,341
SPIP June 30, 2026 22,630 $588,629 -5.2%
HYLS June 30, 2025 14,164 $581,285
MGC Sept. 30, 2025 2,291 $516,613
GJUL June 30, 2025 14,314 $514,570
GDEC Sept. 30, 2025 14,453 $508,108
CPST June 30, 2025 20,000 $503,624
SPLV June 30, 2025 6,098 $455,674
CPSJ June 30, 2025 17,909 $444,385
EEM Sept. 30, 2025 9,177 $442,675
GOCT Sept. 30, 2025 11,951 $436,895
IAGG June 30, 2026 8,453 $422,997
DGRW Sept. 30, 2025 4,957 $415,120
MGV Dec. 31, 2025 2,917 $403,775
FMAY June 30, 2025 8,512 $393,072
AIRR Sept. 30, 2025 4,751 $386,749
VCLT June 30, 2025 5,038 $382,468
QDEC June 30, 2025 14,621 $382,339
QMAR Sept. 30, 2025 12,086 $374,545
FAPR June 30, 2025 9,095 $371,895
BIV March 31, 2026 4,692 $365,388
MUB March 31, 2026 3,379 $361,937
AOHY Dec. 31, 2025 31,494 $354,648
DFAS Sept. 30, 2025 5,502 $350,560
SPMO March 31, 2026 2,933 $349,928
FNOV Sept. 30, 2025 6,959 $348,715
FDEC Sept. 30, 2025 7,023 $327,739
MUB Sept. 30, 2025 3,071 $320,839
SUSA Sept. 30, 2025 2,484 $314,901 16.1%
IUS March 31, 2026 5,400 $308,643
SUB June 30, 2026 2,846 $303,120
EFG Sept. 30, 2025 2,694 $301,685
GMAR Sept. 30, 2025 7,741 $301,512
SKYY June 30, 2025 2,928 $299,329
FV June 30, 2025 5,409 $296,749
QQQM March 31, 2026 1,148 $290,362
CVRT Sept. 30, 2025 9,041 $289,878
BIL Dec. 31, 2025 3,138 $287,936
ESML Sept. 30, 2025 6,574 $271,713
HYLS Dec. 31, 2025 6,238 $262,321
GMAY June 30, 2025 7,145 $259,042
FTCS Sept. 30, 2025 2,845 $258,625
GCOR Sept. 30, 2025 6,110 $252,582
FSIG March 31, 2026 13,114 $251,660
XLY March 31, 2026 2,057 $245,649 No longer tracked
PTLC March 31, 2026 4,363 $245,086
EUSB Sept. 30, 2025 5,531 $240,862
ESGV Sept. 30, 2025 2,169 $237,793
HYMB Sept. 30, 2025 9,481 $234,943 -5.0%
TLH Dec. 31, 2025 2,253 $232,080
FJUN June 30, 2025 4,635 $231,240
CPRJ June 30, 2025 9,284 $230,417
GFEB June 30, 2025 6,200 $227,974
RWL Sept. 30, 2025 2,164 $225,633 18.3%
GAPR Sept. 30, 2025 5,846 $223,957
APIE March 31, 2026 6,203 $220,270
FCAL March 31, 2026 4,454 $219,630
NVDL March 31, 2026 2,489 $219,057
GBTC June 30, 2026 4,099 $216,263 47.2%
DYNF Dec. 31, 2025 3,590 $212,529
BBAG Sept. 30, 2025 4,585 $211,708
MGV June 30, 2026 1,448 $209,983
USHY March 31, 2026 5,583 $208,776 -3.5%
RWO Sept. 30, 2025 4,713 $208,050
CPSM Sept. 30, 2025 7,351 $204,836
EWY June 30, 2026 1,660 $204,197
REET Dec. 31, 2025 7,928 $202,649
YJUN June 30, 2025 8,911 $202,101
TFI March 31, 2026 4,403 $201,261 -5.8%
BBLB Sept. 30, 2025 2,403 $201,159
CONL June 30, 2026 27,025 $189,175
PGX Sept. 30, 2025 10,430 $116,080