Sector breakdown

04
Technology 4.0%
Financials 2.5%
Industrials 1.8%
Healthcare 1.1%
Retail 0.7%
Consumer Discretionary 0.6%
Consumer Staples 0.5%
Consumer products 0.4%
Communication Services 0.4%
Energy 0.1%
Other/Unmapped 88.0%

Full portfolio 78 positions

05
Type Streak 8Q trend
SCHX SCHWAB STRATEGIC TRUST $51,717,570 25.18% 1,723,919 $4,218,954 Up ×1
FENI Fidelity Covington Trust $28,246,134 13.75% 707,746 $1,823,273 Up ×2
AVEM AMERICAN CENTURY ETF TRUST $18,168,703 8.85% 193,243 $847,411 Up ×2
VO Vanguard Morningstar Mid-Cap ETF $15,943,372 7.76% 203,307 $743,273 Up ×2
AVUV AMERICAN CENTURY ETF TRUST $14,318,390 6.97% 121,579 $108,031 Up ×3
IUSG iShares Core S&P U.S. Growth ETF $5,333,390 2.60% 27,527 $-412,704 Down ×2
QQQ Invesco QQQ Trust, Series 1 $4,631,958 2.26% 6,261 $-36,543 Down ×1
RSP Invesco Exchange-Traded Fund Trust $4,041,589 1.97% 19,429 $-237,073 Down ×3
SPY SPY $3,470,519 1.69% 4,551 $78,705 Up ×1
IUSV iShares Core S&P U.S. Value ETF $3,380,433 1.65% 30,653 $-377,689 Down ×3
IWF iShares Trust $2,880,487 1.40% 22,996 $27,035 Up ×3
IWD iShares Trust $2,672,068 1.30% 10,778 $-61,941 Down ×3
NVDA NVIDIA Corporation - Common Stock $2,656,769 1.29% 11,633 $436,367 Up ×4
IJT iShares S&P SmallCap 600 Growth ETF $2,649,170 1.29% 16,523 $-629,290 Down ×2
IVV iShares Core S&P 500 ETF $2,362,169 1.15% 3,084 $52,717
VOO Vanguard S&P 500 ETF $2,299,618 1.12% 3,281 $71,630 Up ×1
IJS iShares S&P SmallCap 600 Value ETF $2,207,941 1.08% 17,236 $-464,952 Down ×2
ALRS Alerus Financial Corporation - Common Stock $2,130,718 1.04% 67,470 $67,409 Up ×2
BIDD iShares International Dividend Active ETF $2,114,493 1.03% 69,970 $-29,075 Down ×6
AAPL Apple Inc. - Common Stock $2,065,788 1.01% 6,203 $278,326 Up ×1
FELC Fidelity Covington Trust $2,063,303 1.00% 47,629 $-408,344 Down ×2
AMZN Amazon.com, Inc. - Common Stock $1,503,149 0.73% 6,033 $58,640 Down ×3
IBM International Business Machines Corporation Common Stock $1,498,197 0.73% 6,812 $-412,354 Up ×1
IVW iShares Trust $1,453,186 0.71% 10,215 $48,317
MSFT Microsoft Corporation - Common Stock $1,331,763 0.65% 2,597 $356,003 Down ×5
FAST Fastenal Company - Common Stock $1,248,675 0.61% 25,210 $-34,515 Down ×3
AMGN Amgen Inc. - Common Stock $1,181,495 0.58% 2,803 $167,559 Up ×1
IJR iShares Trust $1,138,079 0.55% 8,366 $-202,879 Down ×3
TSLA Tesla, Inc. - Common Stock $1,029,148 0.50% 2,901 $-219,009 Down ×2
VEA VANGUARD TAX-MANAGED FUNDS $886,456 0.43% 12,554 $-8,556 Down ×2
IVE iShares Trust $832,309 0.41% 3,646 $4,448
IBP Installed Building Products, Inc. Common Stock $809,782 0.39% 4,220 $-137,803 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $737,544 0.36% 1,481 $-85,678 Down ×1
Unknown issuer (CUSIP: 30233Q108) $705,006 0.34% 4,332 Up ×1
GLD SPDR Gold Shares $657,711 0.32% 1,727 $21,519
Unknown issuer (CUSIP: 84615Q103) $653,065 0.32% 4,329 $372,866 Up ×1
GSLC Goldman Sachs ETF Trust $639,280 0.31% 4,408 $-348,598 Down ×2
HRL Hormel Foods Corporation Common Stock $633,692 0.31% 31,780 $-145,680 Up ×1
FBND Fidelity Merrimack Street Trust $587,481 0.29% 13,568 $-105,664 Down ×2
WFC Wells Fargo & Company Common Stock $503,780 0.25% 6,293 $-12,890 Up ×2
VTI Vanguard Morningstar Total Stock Market ETF $493,713 0.24% 1,319 $-22,494 Down ×2
VUG Vanguard Morningstar Growth ETF $479,090 0.23% 5,317 $12,838 Down ×1
IWB iShares Trust $445,084 0.22% 1,070 $7,096
AMD Advanced Micro Devices, Inc. - Common Stock $411,103 0.20% 672 $26,541 Up ×1
KO Coca-Cola Company (The) Common Stock $403,547 0.20% 4,688 $26,053 Up ×1
MCK McKesson Corporation Common Stock $403,423 0.20% 472 $46,404
JPM JP Morgan Chase & Co. Common Stock $389,978 0.19% 1,179 $7,730 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $378,696 0.18% 1,032 $-47,042 Up ×6
UPS United Parcel Service, Inc. Common Stock $374,102 0.18% 4,004 $-53,710 Up ×1
OMF OneMain Holdings, Inc. Common Stock $360,575 0.18% 6,510 $-29,996 Up ×6
KEY KeyCorp Common Stock $359,079 0.17% 17,891 $-49,499 Up ×2
IEFA iShares Core MSCI EAFE ETF $358,342 0.17% 3,699 $-3,140 Down ×1
QUAL iShares Trust $351,777 0.17% 1,583 $5,197 Up ×2
EFG iShares Trust $346,788 0.17% 2,894 $-13,283
TT Trane Technologies plc $346,217 0.17% 766 $-30,012
VTV Vanguard Morningstar Value ETF $344,005 0.17% 1,592 $-12,777 Down ×2
QQQM Invesco NASDAQ 100 ETF $336,832 0.16% 1,106 $3,917 Up ×1
WTBA West Bancorporation - Common Stock $335,333 0.16% 11,762 $25,992 Up ×1
GE GE Aerospace Common Stock $335,241 0.16% 1,073 $-66,545 Down ×3
CAT Caterpillar, Inc. Common Stock $328,751 0.16% 405 $-100,069 Up ×2
DAL Delta Air Lines, Inc. Common Stock $312,085 0.15% 3,739 $-36,345 Up ×1
RF Regions Financial Corporation Common Stock $300,414 0.15% 11,176 $-34,178 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $289,968 0.14% 1,097 $-36,253 Up ×1
IAU iShares Gold Trust Shares $273,350 0.13% 3,500 $9,065
OSK Oshkosh Corporation (Holding Company)Common Stock $272,382 0.13% 2,114 $-67,838 Down ×1
LLY Eli Lilly and Company Common Stock $270,005 0.13% 233 $-8,251 Up ×1
VWO Vanguard FTSE Emerging Markets ETF $268,326 0.13% 4,524 $51,071 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $262,268 0.13% 762 $-8,572 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $249,662 0.12% 2,320 $-21,912 Up ×1
MUB iShares Trust $229,497 0.11% 2,270 $-14,800
GEV GE Vernova Inc. Common Stock $226,129 0.11% 238 $-53,248
GOOG Alphabet Inc. - Class C Capital Stock $225,981 0.11% 663 $-6,819 Up ×1
DFAI Dimensional ETF Trust $225,430 0.11% 5,441 $-5,217 Down ×2
LMT Lockheed Martin Corporation Common Stock $224,763 0.11% 441 $1,369 Up ×4
FELV Fidelity Covington Trust $211,685 0.10% 5,117 $7,218 Up ×1
CGNG Capital Group New Geography Equity ETF $209,173 0.10% 5,739 $-13,700 Down ×2
COP ConocoPhillips Common Stock $208,444 0.10% 1,666
F Ford Motor Company Common Stock $134,000 0.07% 11,111 $-18,803 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
AVUV $14,318,390 6.97% up ×3
IWF $2,880,487 1.40% up ×3
NVDA $2,656,769 1.29% up ×4
UNH $378,696 0.18% up ×6
OMF $360,575 0.18% up ×6
LMT $224,763 0.11% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $705,006 4,332 0.34%
COP $208,444 1,666 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SCHX Bought more +110K +$4.2M
FENI Bought more +49K +$1.8M
AVEM Bought more +14K +$847K
VO Bought more +15K +$743K
IJT Trimmed -2K -$629K
IJS Trimmed -2K -$465K
NVDA Bought more +536 +$436K
IUSG Trimmed -3K -$413K
IBM Bought more +18 -$412K
FELC Trimmed -11K -$408K

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
XOM June 30, 2026 4,256 $722,145 34.0%
SCHP June 30, 2025 25,505 $685,818 -5.3%
ISTB June 30, 2025 10,420 $503,784
APO March 31, 2026 3,125 $452,355 1.3%
SPHD June 30, 2026 8,538 $423,570
GCC Sept. 30, 2025 21,121 $418,192
FESM March 31, 2026 10,404 $393,064
BSV Dec. 31, 2025 4,981 $393,043
IEMG Dec. 31, 2025 7,143 $356,258
BAC March 31, 2026 6,469 $355,805 3.7%
VNQ June 30, 2026 3,993 $354,155
BND Dec. 31, 2025 4,709 $350,228
BLK March 31, 2026 320 $342,404 16.3%
DIS March 31, 2026 2,908 $330,810 16.7%
JEPI March 31, 2026 5,742 $328,662
PNC March 31, 2026 1,442 $300,950 7.9%
TLT June 30, 2025 3,099 $282,061
IJH Sept. 30, 2026 3,488 $268,970 1.4%
USO June 30, 2025 3,328 $257,354 131.9%
MRK June 30, 2026 2,056 $247,348 13.1%
HDV June 30, 2026 1,768 $239,953 3.2%
PII June 30, 2026 4,306 $234,695 -19.9%
T June 30, 2026 8,095 $234,677 1.1%
COST June 30, 2026 230 $229,495 7.3%
CVX June 30, 2026 1,107 $228,962 40.7%
AXON Sept. 30, 2025 276 $228,511 -41.4%
HD Sept. 30, 2026 646 $227,833 12.4%
GOVT Dec. 31, 2025 9,714 $224,585
T Dec. 31, 2025 7,920 $223,672 -15.7%
PEP March 31, 2026 1,555 $223,202 -12.6%
DELL March 31, 2026 1,770 $222,801 178.1%
MCD June 30, 2026 713 $221,644 -8.1%
COP June 30, 2026 1,643 $216,865 45.1%
SPDW Dec. 31, 2025 5,027 $215,087
COST Sept. 30, 2025 214 $211,819 8.4%
VYM June 30, 2026 1,374 $203,499
MO Sept. 30, 2026 2,814 $202,486 10.4%
USB March 31, 2026 3,793 $202,420 14.6%
XEL June 30, 2026 2,536 $201,468 -2.8%
JCI June 30, 2026 1,534 $200,893 -1.5%
CSCO Sept. 30, 2025 2,888 $200,399 55.7%