Sector breakdown

04
Technology 1.5%
Utilities 0.4%
Consumer products 0.4%
Energy 0.3%
Financials 0.3%
Healthcare 0.3%
Communication Services 0.3%
Industrials 0.2%
Other/Unmapped 96.3%

Full portfolio 42 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $18,057,670 11.56% 253,441 $1,392,313 Down ×2
JCPB J.P. Morgan Exchange-Traded Fund Trust $14,489,303 9.28% 308,677 $-186,733 Down ×1
JPIE J.P. Morgan Exchange-Traded Fund Trust $12,541,611 8.03% 272,348 $-143,339 Down ×1
JPLD J.P. Morgan Exchange-Traded Fund Trust $12,188,383 7.80% 233,539 $-217,223 Down ×1
IWF iShares Trust $11,688,828 7.48% 94,136 $1,097,877 Up ×1
IWD iShares Trust $11,478,663 7.35% 47,348 $848,002 Down ×6
DBMF LITMAN GREGORY FUNDS TRUST $7,362,374 4.71% 240,522 $-118,666 Down ×1
FENI Fidelity Covington Trust $7,235,385 4.63% 180,299 $354,379 Down ×1
SMLF iShares Trust $6,607,483 4.23% 74,125 $876,935 Down ×1
JHMM John Hancock Exchange-Traded Fund Trust $6,102,526 3.91% 81,410 $512,685 Down ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $5,166,417 3.31% 86,554 $325,771 Down ×2
ONEY SPDR SERIES TRUST $4,856,968 3.11% 37,915 $240,345 Down ×1
OSEA Harbor ETF Trust $4,470,000 2.86% 146,365 $-182,696 Down ×4
FESM Fidelity Covington Trust $4,191,294 2.68% 86,794 $847,892 Down ×1
VIG VANGUARD SPECIALIZED FUNDS $4,060,915 2.60% 17,162 $300,668 Down ×1
FMDE Fidelity Covington Trust $3,549,151 2.27% 87,461 $364,815 Down ×1
JMUB J.P. Morgan Exchange-Traded Fund Trust $3,440,450 2.20% 67,919 $-146,500 Down ×2
JEPI J.P. Morgan Exchange-Traded Fund Trust $2,760,727 1.77% 48,880 $-111,346 Down ×1
SCHD SCHWAB STRATEGIC TRUST $2,636,999 1.69% 83,160 $-159,534 Down ×3
SPTM SPDR SERIES TRUST $1,724,144 1.10% 18,990 $123,543 Down ×1
TACK Capitol Series Trust $1,619,274 1.04% 51,196 $43,671 Down ×1
CTA Simplify Exchange Traded Funds $1,464,796 0.94% 56,469 $-265,482 Down ×1
TCAF T. Rowe Price Exchange-Traded Funds, Inc. $1,232,873 0.79% 29,997 $147,197 Down ×2
AAPL Apple Inc. - Common Stock $1,195,636 0.77% 4,132 $-805,752 Down ×1
NEE NextEra Energy, Inc. Common Stock $653,360 0.42% 7,444 $-38,039
KMLM Krane Shares Trust $626,502 0.40% 22,765 $-20,796 Down ×1
FELG Fidelity Covington Trust $507,808 0.33% 11,607 $73,126 Up ×1
XOM Exxon Mobil Corporation Common Stock $459,106 0.29% 3,358 $-119,095 Down ×1
MSFT Microsoft Corporation - Common Stock $388,687 0.25% 1,042 $2,970
PG Procter & Gamble Company (The) Common Stock $374,665 0.24% 2,555 $-23,267 Down ×1
EMR Emerson Electric Company Common Stock $373,765 0.24% 2,611 $31,672
FELV Fidelity Covington Trust $283,708 0.18% 7,077 $37,532 Up ×3
MFC Manulife Financial Corporation Common Stock $278,182 0.18% 6,867 $41,683
AMD Advanced Micro Devices, Inc. - Common Stock $268,070 0.17% 1,108 $30,559
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $257,603 0.16% 1,960 $-22,383
LLY Eli Lilly and Company Common Stock $239,886 0.15% 200
LOVE The Lovesac Company - Common Stock $238,340 0.15% 1,000 $30,070
BAC Bank of America Corporation Common Stock $224,045 0.14% 3,932
ABBV AbbVie Inc. Common Stock $222,198 0.14% 883
GOOG Alphabet Inc. - Class C Capital Stock $220,831 0.14% 625
IBM International Business Machines Corporation Common Stock $214,282 0.14% 762
DIS Walt Disney Company (The) Common Stock $211,750 0.14% 2,200 $-286

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
FELV $283,708 0.18% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
LLY $239,886 200 0.15%
BAC $224,045 3,932 0.14%
ABBV $222,198 883 0.14%
GOOG $220,831 625 0.14%
IBM $214,282 762 0.14%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VEA Trimmed -7K +$1.4M
IWF Bought more +69K +$1.1M
SMLF Trimmed -2K +$877K
IWD Trimmed -2K +$848K
FESM Trimmed -1K +$848K
AAPL Trimmed -4K -$806K
JHMM Trimmed -2K +$513K
FMDE Trimmed -1K +$365K
FENI Trimmed -5K +$354K
VWO Trimmed -3K +$326K

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
JPST March 31, 2026 9,282 $469,571
ORCL June 30, 2026 3,099 $455,894 -2.9%
FBIN June 30, 2025 2,611 $317,524 -25.1%
LLY June 30, 2025 300 $276,189 46.6%
DOW June 30, 2025 2,200 $250,360 5.6%
IBM March 31, 2026 780 $231,044 -8.1%
GOOG March 31, 2026 700 $219,660 18.6%
USMF March 31, 2026 4,284 $219,596
AMZN Dec. 31, 2025 1,000 $219,570 9.0%
BAC March 31, 2026 3,932 $216,260 10.3%
LLY March 31, 2026 200 $214,936 24.3%
ADBE June 30, 2025 488 $214,017 -38.6%
ABBV March 31, 2026 933 $213,181 20.8%
ABBV June 30, 2025 983 $205,476 41.6%
WMT June 30, 2025 2,073 $204,419 6.6%
ABT Dec. 31, 2025 1,524 $204,125 -22.2%
DD June 30, 2025 13,500 $4,147 352.9%