Sector breakdown

04
Technology 7.7%
Industrials 3.2%
Consumer products 1.5%
Consumer Staples 1.5%
Consumer Discretionary 1.1%
Financials 0.9%
Materials 0.8%
Health Care 0.7%
Energy 0.2%
Communication Services 0.1%
Other/Unmapped 82.3%

Full portfolio 57 positions

05
Type Streak 8Q trend
EFA iShares Trust $47,871,332 17.09% 460,833 $23,934,183 Up ×5
SPY SPY $40,869,975 14.59% 54,729 $36,216,159 Up ×2
IWM iShares Trust $27,378,807 9.77% 91,126 $13,027,122 Up ×3
EDV VANGUARD WORLD FUND $16,551,015 5.91% 254,318 $-17,686,176 Down ×1
JPST J.P. Morgan Exchange-Traded Fund Trust $11,110,532 3.97% 219,706 $-52,398,520 Down ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $10,233,313 3.65% 171,441 Up ×1
QQQ Invesco QQQ Trust, Series 1 $9,167,444 3.27% 12,449 $4,453,054 Up ×2
RSP Invesco Exchange-Traded Fund Trust $8,603,993 3.07% 40,438 $823,576 Up ×2
VGK VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $7,370,158 2.63% 83,241 $332,754 Up ×2
MMIN New York Life Investments Active ETF Trust $6,769,915 2.42% 279,633 $437,594 Up ×3
MSFT Microsoft Corporation - Common Stock $5,366,266 1.92% 14,386 Up ×1
EEM iShares, Inc. $4,619,385 1.65% 67,525 $-12,604,615 Down ×2
IJR iShares Trust $4,599,538 1.64% 31,013 $534,913 Up ×2
VBK VANGUARD INDEX FUNDS $4,514,567 1.61% 12,345 $545,624 Up ×2
IJH iShares Trust $4,470,452 1.60% 57,975 $415,470 Up ×2
QUAL iShares Trust $4,405,057 1.57% 20,075 $432,583 Up ×4
VBR VANGUARD INDEX FUNDS $4,289,988 1.53% 17,655 $400,960 Up ×2
PPH VanEck ETF Trust $4,263,775 1.52% 38,992
AGZ iShares Trust $4,209,440 1.50% 38,521 $223,350 Up ×1
TAFI AB Active ETFs, Inc. $3,990,409 1.42% 158,224 $192,009 Up ×3
ACWX iShares MSCI ACWI ex U.S. ETF $3,656,781 1.31% 48,046 $196,820 Up ×2
PAYX Paychex, Inc. - Common Stock $2,722,364 0.97% 27,686 Up ×1
UPS United Parcel Service, Inc. Common Stock $2,621,925 0.94% 24,390 $-2,933,778 Down ×2
ADBE Adobe Inc. - Common Stock $2,615,235 0.93% 12,756 $-2,157,912 Down ×1
NOW ServiceNow, Inc. Common Stock $2,453,904 0.88% 24,717 $1,622,529 Up ×1
PAYC Paycom Software, Inc. Common Stock $2,439,449 0.87% 19,410 Up ×1
CRM Salesforce, Inc. Common Stock $2,264,990 0.81% 14,458 Up ×1
WDAY Workday, Inc. - Class A Common Stock $2,248,855 0.80% 18,370 Up ×1
MORN Morningstar, Inc. - Common Stock $2,240,759 0.80% 14,362 $1,227,403 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $2,238,796 0.80% 28,780 Up ×1
ECL Ecolab Inc. Common Stock $2,222,472 0.79% 7,977 $27,202
COLM Columbia Sportswear Company - Common Stock $1,737,389 0.62% 28,104 Up ×1
ABT Abbott Laboratories Common Stock $1,731,501 0.62% 19,082
KMB Kimberly-Clark Corporation - Common Stock $1,482,883 0.53% 13,509 Up ×1
INTU Intuit Inc. - Common Stock $1,453,770 0.52% 5,570 Up ×1
MKC McCormick & Company, Incorporated Common Stock $1,418,466 0.51% 28,133 Up ×1
CPB The Campbell's Company - Common Stock $1,393,590 0.50% 62,577
PG Procter & Gamble Company (The) Common Stock $1,386,774 0.49% 9,457
KHC The Kraft Heinz Company - Common Stock $1,381,378 0.49% 58,483 Up ×1
CLX Clorox Company (The) Common Stock $1,323,562 0.47% 13,868 Up ×1
MCD McDonald's Corporation Common Stock $1,186,391 0.42% 4,389 Up ×1
CTAS Cintas Corporation - Common Stock $869,109 0.31% 5,110 $-3,494 Up ×3
FIG Figma, Inc. Class A Common Stock $765,478 0.27% 42,315 Up ×1
HUBS HubSpot, Inc. Common Stock $762,709 0.27% 4,179 Up ×1
PEGA Pegasystems Inc. - Common Stock $739,300 0.26% 24,668
AAPL Apple Inc. - Common Stock $689,792 0.25% 2,384 $-13,505 Down ×2
XOM Exxon Mobil Corporation Common Stock $655,778 0.23% 4,797 $-92,796 Down ×1
IWV iShares Trust $494,624 0.18% 1,160 $47,423 Up ×2
VOO VANGUARD INDEX FUNDS $317,993 0.11% 463 $25,970
USMV iShares Trust $294,299 0.11% 3,051 $9,000
GOOG Alphabet Inc. - Class C Capital Stock $288,671 0.10% 817 $-42,988 Down ×1
LQDA Liquidia Corporation - Common Stock $287,028 0.10% 3,600 Up ×1
MMIT New York Life Investments Active ETF Trust $250,805 0.09% 10,300 Up ×1
VYM VANGUARD WHITEHALL FUNDS $226,299 0.08% 1,432 $6,931
ACA Arcosa, Inc. Common Stock $224,618 0.08% 1,546 Up ×1
TSLA Tesla, Inc. - Common Stock $221,236 0.08% 526
MA Mastercard Incorporated Common Stock $218,280 0.08% 425 $2,133

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
EFA $47,871,332 17.09% up ×5
IWM $27,378,807 9.77% up ×3
MMIN $6,769,915 2.42% up ×3
QUAL $4,405,057 1.57% up ×4
TAFI $3,990,409 1.42% up ×3
CTAS $869,109 0.31% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VWO $10,233,313 171,441 3.65%
MSFT $5,366,266 14,386 1.92%
PPH $4,263,775 38,992 1.52%
PAYX $2,722,364 27,686 0.97%
PAYC $2,439,449 19,410 0.87%
CRM $2,264,990 14,458 0.81%
WDAY $2,248,855 18,370 0.80%
TEAM $2,238,796 28,780 0.80%
COLM $1,737,389 28,104 0.62%
ABT $1,731,501 19,082 0.62%
KMB $1,482,883 13,509 0.53%
INTU $1,453,770 5,570 0.52%
MKC $1,418,466 28,133 0.51%
CPB $1,393,590 62,577 0.50%
PG $1,386,774 9,457 0.49%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
EFA Bought more +228K +$23.9M
EDV Trimmed -276K -$17.7M
IWM Bought more +37K +$13.0M
EEM Trimmed -215K -$12.6M
QQQ Bought more +5K +$4.5M
UPS Trimmed -30K -$2.9M
ADBE Trimmed -7K -$2.2M
NOW Bought more +15K +$1.6M
MORN Bought more +9K +$1.2M
RSP Bought more +1K +$824K

2 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
META March 31, 2026 16,154 $10,663,094 27.3%
STZ June 30, 2026 42,716 $7,031,054 -18.9%
MRK March 31, 2026 63,870 $6,723,005 20.0%
GIS June 30, 2026 194,200 $6,711,552 -8.0%
CPB March 31, 2026 221,506 $6,173,372 -11.9%
IQLT Dec. 31, 2025 139,386 $6,159,467
JD Dec. 31, 2025 167,423 $5,856,457 -10.2%
AMD Dec. 31, 2025 36,137 $5,846,605 196.0%
SMCI Dec. 31, 2025 120,607 $5,781,900 49.3%
SNOW Dec. 31, 2025 24,957 $5,629,051 55.5%
PEP June 30, 2026 35,504 $5,534,364 -7.0%
RSP June 30, 2025 31,907 $5,527,250 16.2%
VGIT Sept. 30, 2025 88,217 $5,276,259
EL March 31, 2026 46,641 $4,884,246 28.1%
FXI Dec. 31, 2025 111,783 $4,598,753 -11.3%
RFIX Dec. 31, 2025 103,777 $4,432,316
FIS Sept. 30, 2025 53,538 $4,358,529 -50.8%
ABT Dec. 31, 2025 31,883 $4,270,409 -22.2%
TAP Dec. 31, 2025 91,515 $4,141,054 -21.0%
XLP June 30, 2026 50,744 $4,138,173 No longer tracked
GILD Dec. 31, 2025 36,862 $4,091,682 17.9%
XLC June 30, 2025 40,423 $3,898,798 1.6%
BIIB March 31, 2026 19,144 $3,369,153 19.9%
COO June 30, 2026 45,507 $3,262,852 -20.6%
LEN Dec. 31, 2025 25,673 $3,235,825 -22.4%
ANF Dec. 31, 2025 37,697 $3,224,978 8.0%
KCE Sept. 30, 2025 20,292 $2,940,920
KR June 30, 2025 42,954 $2,907,556 -17.7%
ACWI Dec. 31, 2025 20,870 $2,885,069
XLK June 30, 2025 13,619 $2,812,051 57.8%
DG March 31, 2026 20,795 $2,760,952 0.2%
PG Sept. 30, 2025 17,039 $2,714,658 -5.7%
NE March 31, 2026 95,171 $2,687,629 -17.1%
CELH Dec. 31, 2025 45,021 $2,588,257 -41.5%
EPOL March 31, 2026 71,501 $2,516,120
VBK June 30, 2025 9,812 $2,470,367
SDRL March 31, 2026 68,218 $2,360,343 -3.6%
ADM June 30, 2026 33,568 $2,343,718 5.3%
AAP June 30, 2026 40,633 $2,290,076 -37.8%
SPLV March 31, 2026 31,901 $2,278,369
PFE June 30, 2025 89,513 $2,268,259 14.7%
AA June 30, 2026 30,112 $2,207,511 -19.5%
XLU June 30, 2026 47,337 $2,195,963 No longer tracked
XLV June 30, 2026 14,373 $2,126,773 4.7%
ED June 30, 2025 19,128 $2,115,366 3.0%
SMH June 30, 2025 9,620 $2,034,341 126.1%
IGV June 30, 2026 25,260 $1,987,962 17.0%
EWM March 31, 2026 66,557 $1,821,000
EUFN March 31, 2026 47,779 $1,772,123
PIPR Sept. 30, 2025 6,313 $1,754,635 -24.7%
CHWY Dec. 31, 2025 42,846 $1,733,121 -45.0%
EWI March 31, 2026 31,679 $1,721,120
EWW March 31, 2026 24,626 $1,707,321
LMT Dec. 31, 2025 3,414 $1,704,226 4.5%
BILL Dec. 31, 2025 31,501 $1,668,608 -20.0%
OKTA Dec. 31, 2025 17,844 $1,636,295 144.6%
DBO June 30, 2025 113,203 $1,622,199
TWLO Dec. 31, 2025 15,414 $1,542,787 107.1%
PPH June 30, 2025 16,923 $1,542,193 26.6%
DECK Dec. 31, 2025 15,210 $1,541,838 -23.7%
LW March 31, 2026 36,401 $1,524,838 3.2%
BAC Sept. 30, 2025 31,146 $1,473,829 4.2%
WING March 31, 2026 6,085 $1,451,212 -31.0%
RYAN March 31, 2026 27,784 $1,434,488 11.6%
ROKU March 31, 2026 12,714 $1,379,342 61.1%
BABA Dec. 31, 2025 6,960 $1,243,961 -27.8%
TMO Dec. 31, 2025 2,538 $1,230,981 13.0%
DHI Dec. 31, 2025 7,203 $1,220,692 -6.3%
MO Dec. 31, 2025 18,426 $1,217,204 16.8%
BIDU Dec. 31, 2025 9,153 $1,206,091 -35.5%
LMND Dec. 31, 2025 22,360 $1,196,931 -34.7%
TSLA Dec. 31, 2025 2,655 $1,180,732 -17.6%
SOUN Dec. 31, 2025 67,370 $1,083,310 -41.4%
CMG Sept. 30, 2025 18,779 $1,054,441 -17.4%
IBP Sept. 30, 2025 5,694 $1,026,742 -21.8%
CXW Sept. 30, 2025 46,242 $974,319 64.3%
WELL Dec. 31, 2025 4,719 $840,643 22.7%
EDEN March 31, 2026 7,193 $823,384
HIPO Dec. 31, 2025 22,718 $821,483 7.2%
PEGA Dec. 31, 2025 13,957 $802,528 -43.2%
KD Dec. 31, 2025 25,388 $762,402 -56.5%
EWY Sept. 30, 2025 10,364 $743,928
DOCU Sept. 30, 2025 8,841 $688,625 -4.3%
ETHA Sept. 30, 2025 35,374 $674,582
MDB Dec. 31, 2025 1,972 $612,069 -14.7%
PYPL June 30, 2025 8,943 $583,531 -29.0%
INTC June 30, 2025 23,350 $530,279 432.7%
EXEL Dec. 31, 2025 12,263 $506,462 33.2%
ENVX June 30, 2025 59,433 $436,238 -72.9%
O Dec. 31, 2025 6,838 $415,682 -4.0%
HPP Dec. 31, 2025 143,576 $396,270 6.0%
RBA Dec. 31, 2025 3,234 $350,436 -20.4%
AFRM Dec. 31, 2025 4,519 $330,249 -4.9%
SMB Sept. 30, 2025 17,065 $294,542 -2.9%
RTX March 31, 2026 1,393 $255,476 -4.3%
NVDA March 31, 2026 1,307 $243,756 34.1%
BRK-B (filed as BRKB) June 30, 2025 378 $201,315 No longer tracked
IRT Sept. 30, 2025 10,488 $185,533 -11.5%