Sector breakdown

04
Industrials 11.4%
Retail 10.4%
Energy 9.7%
Healthcare 7.4%
Technology 7.3%
Financials 4.2%
Communication Services 3.6%
Materials 2.0%
Consumer Staples 1.7%
Utilities 1.3%
Consumer Discretionary 0.6%
Real Estate 0.6%
Consumer products 0.5%
Other/Unmapped 39.2%

Full portfolio 229 positions

05
Type Streak 8Q trend
WMT Walmart Inc. - Common Stock $58,620,550 7.72% 517,575 $-5,756,498 Down ×6
USFR WisdomTree Trust $57,074,191 7.51% 1,133,549 $-1,556,831 Down ×1
HEFT Hedgeye Fourth Turning ETF $30,686,053 4.04% 1,157,091 $15,928,111 Up ×1
XOM Exxon Mobil Corporation Common Stock $22,334,692 2.94% 163,361 $-6,854,060 Down ×2
IAU iShares Gold Trust Shares $20,030,915 2.64% 265,275 $-14,048,744 Down ×2
CAT Caterpillar, Inc. Common Stock $18,408,760 2.42% 17,287 $6,099,378 Down ×6
ET Energy Transfer LP Common Units $17,186,578 2.26% 898,880 $1,598 Up ×6
XLE SELECT SECTOR SPDR TRUST $16,536,167 2.18% 311,357 $4,489,660 Up ×2
LLY Eli Lilly and Company Common Stock $16,273,816 2.14% 13,568 $3,743,934 Down ×6
OIH VanEck ETF Trust $15,795,278 2.08% 42,457 $4,966,896 Up ×1
AAPL Apple Inc. - Common Stock $15,733,357 2.07% 54,373 $1,871,746 Down ×2
VT VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $14,527,735 1.91% 92,563 Up ×1
GLD SPDR Gold Shares $14,347,296 1.89% 38,947 $-2,414,651 Down ×5
TLT iShares 20+ Year Treasury Bond ETF $14,105,818 1.86% 163,224 Up ×1
AIRR First Trust RBA American Industrial Renaissance ETF $13,336,870 1.76% 100,089 $7,409,688 Up ×1
UNP Union Pacific Corporation Common Stock $12,552,800 1.65% 46,150 $1,342,300 Down ×2
FDV Federated Hermes ETF Trust $12,370,798 1.63% 394,100 $216,841 Down ×2
APH Amphenol Corporation Common Stock $11,361,708 1.50% 64,438 $3,155,528 Down ×6
MSFT Microsoft Corporation - Common Stock $10,636,661 1.40% 28,515 $-181,553 Down ×6
PINK Simplify Exchange Traded Funds $9,789,340 1.29% 250,047
GOOG Alphabet Inc. - Class C Capital Stock $9,161,847 1.21% 25,930 $1,688,570 Down ×5
PTLC Pacer Funds Trust $9,032,294 1.19% 155,034 $1,033,234 Up ×2
JNJ Johnson & Johnson Common Stock $8,965,119 1.18% 35,300 $334,728 Down ×3
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $8,816,563 1.16% 45,979 Up ×1
XOP SPDR SERIES TRUST $8,278,929 1.09% 53,669 Up ×1
MDT Medtronic plc. Ordinary Shares $7,933,926 1.04% 101,418 $-68,673 Up ×6
DE Deere & Company Common Stock $7,746,668 1.02% 12,212 $857,305 Down ×3
WMB Williams Companies, Inc. (The) Common Stock $7,598,573 1.00% 102,214 $140,895 Down ×6
GE GE Aerospace Common Stock $7,476,899 0.98% 20,006 $1,784,443 Down ×2
VBR VANGUARD INDEX FUNDS $6,669,272 0.88% 27,447 $723,707 Up ×1
AMAT Applied Materials, Inc. - Common Stock $6,611,112 0.87% 9,144 $3,479,290 Down ×5
AMZN Amazon.com, Inc. - Common Stock $5,937,049 0.78% 24,910 $408,105 Down ×6
VLO Valero Energy Corporation Common Stock $5,853,910 0.77% 22,477 $302,764 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $5,709,693 0.75% 2,870 $1,864,757 Down ×2
LNG Cheniere Energy, Inc. Common Stock $5,695,847 0.75% 23,831 $-1,125,460 Down ×6
GDX VanEck ETF Trust $5,576,559 0.73% 73,911 $-1,179,976 Up ×1
SHW Sherwin-Williams Company (The) Common Stock $5,231,014 0.69% 15,192 $303,102 Down ×3
MA Mastercard Incorporated Common Stock $5,198,146 0.68% 10,121 $156,577 Up ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $4,876,856 0.64% 81,703 $473,288 Up ×2
AJG Arthur J. Gallagher & Co. Common Stock $4,766,048 0.63% 20,761 $213,155 Down ×2
UBER Uber Technologies, Inc. Common Stock $4,620,405 0.61% 64,030 $-15,627 Down ×1
BA Boeing Company (The) Common Stock $4,602,369 0.61% 21,261 $361,836 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $4,601,158 0.61% 11,570 $-773,985 Down ×6
TMO Thermo Fisher Scientific Inc Common Stock $4,508,247 0.59% 8,992 $5,815 Down ×6
PEP PepsiCo, Inc. - Common Stock $4,366,020 0.57% 32,245 $-564,181 Up ×1
CME CME Group Inc. - Class A Common Stock $4,323,410 0.57% 19,578 $-1,336,973 Up ×3
CVX Chevron Corporation Common Stock $4,108,937 0.54% 24,788 $-1,316,041 Down ×1
MCK McKesson Corporation Common Stock $3,959,344 0.52% 5,240 $-582,065 Down ×1
AMP Ameriprise Financial, Inc. Common Stock $3,860,007 0.51% 8,414 $83,940 Down ×1
NVDA NVIDIA Corporation - Common Stock $3,794,907 0.50% 18,966 $418,174 Down ×1
ORLY O'Reilly Automotive, Inc. - Common Stock $3,662,419 0.48% 39,770 $-9,211 Down ×3
KR Kroger Company (The) Common Stock $3,527,684 0.46% 63,528 $-1,084,725 Down ×6
KO Coca-Cola Company (The) Common Stock $3,322,794 0.44% 40,886 $-147,284 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $3,246,095 0.43% 27,636 $1,098,811 Down ×6
META Meta Platforms, Inc. - Class A Common Stock $3,235,297 0.43% 5,744 $-130,834 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,019,198 0.40% 6,322 $861,387 Down ×1
XLK SELECT SECTOR SPDR TRUST $2,973,521 0.39% 15,607 $1,099,653 Up ×6
HD Home Depot, Inc. (The) Common Stock $2,809,321 0.37% 7,966 $176,347 Down ×6
BSCU Invesco BulletShares 2030 Corporate Bond ETF $2,752,718 0.36% 165,378 $408,542 Up ×4
NUE Nucor Corporation Common Stock $2,660,749 0.35% 11,945 $633,240 Down ×6
BSCV Invesco BulletShares 2031 Corporate Bond ETF $2,579,786 0.34% 157,448 $1,449,774 Up ×1
ANET Arista Networks, Inc. Common Stock $2,520,170 0.33% 14,835 $780,869 Up ×1
T AT&T Inc. $2,445,655 0.32% 118,148 $-1,040,979 Down ×6
MRK Merck & Company, Inc. Common Stock (new) $2,441,167 0.32% 18,997 $225,371 Up ×3
TDY Teledyne Technologies Incorporated Common Stock $2,422,181 0.32% 3,632 $220,550 Down ×1
ICE Intercontinental Exchange Inc. Common Stock $2,365,476 0.31% 19,214 $-673,068 Down ×1
BSCT Invesco BulletShares 2029 Corporate Bond ETF $2,347,648 0.31% 126,388 $281,677 Up ×5
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,246,550 0.30% 3 $92,130
ENB Enbridge Inc Common Stock $2,199,899 0.29% 40,581 $161,522 Up ×1
MPLX MPLX LP Common Units Representing Limited Partner Interests $2,199,574 0.29% 39,048 $-28,895
LIN Linde plc - Ordinary Shares $2,191,484 0.29% 4,223 $83,017 Down ×2
VZ Verizon Communications Inc. Common Stock $2,106,238 0.28% 49,746 $-16,031 Up ×2
TJX TJX Companies, Inc. (The) Common Stock $2,053,734 0.27% 13,556 $-191,648 Down ×1
TGT Target Corporation Common Stock $2,048,511 0.27% 15,684 $168,694 Up ×1
IBM International Business Machines Corporation Common Stock $2,008,402 0.26% 7,142 $296,644 Up ×3
Unknown issuer (CUSIP: 596278119) $1,982,759 0.26% 11,527 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $1,920,528 0.25% 5,736 $400,510 Down ×1
ABBV AbbVie Inc. Common Stock $1,790,531 0.24% 7,115 $615,794 Up ×1
NFLX Netflix, Inc. - Common Stock $1,775,432 0.23% 24,866 $-692,835 Down ×1
OGE OGE Energy Corp Common Stock $1,759,721 0.23% 36,164 $-5,528 Down ×2
USB U.S. Bancorp Common Stock $1,692,106 0.22% 28,015 $369,804 Up ×1
BSCS Invesco BulletShares 2028 Corporate Bond ETF $1,691,375 0.22% 83,053 $248,409 Up ×6
GOOGL Alphabet Inc. - Class A Common Stock $1,683,570 0.22% 4,711 $522,978 Up ×1
SPY SPY $1,681,593 0.22% 2,252 $217,143
RIO Rio Tinto Plc Common Stock $1,624,922 0.21% 17,117 $28,232 Up ×2
AVGO Broadcom Inc. - Common Stock $1,606,193 0.21% 4,252 $97,022 Down ×6
CGUS Capital Group Core Equity ETF $1,559,377 0.21% 35,058 $368,476 Up ×6
MLM Martin Marietta Materials, Inc. Common Stock $1,534,022 0.20% 2,660 $-40,697 Down ×2
PG Procter & Gamble Company (The) Common Stock $1,448,709 0.19% 9,879 $-3,505 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $1,432,126 0.19% 11,314 $46,519 Up ×2
CGGR Capital Group Growth ETF $1,400,078 0.18% 29,663 $299,528 Up ×6
MCD McDonald's Corporation Common Stock $1,397,773 0.18% 5,171 $-213,362 Down ×4
MO Altria Group, Inc. $1,391,441 0.18% 19,339 $304,388 Up ×2
PM Philip Morris International Inc Common Stock $1,383,652 0.18% 7,648 $235,854 Up ×1
FE FirstEnergy Corp. Common Stock $1,369,104 0.18% 28,799 $166,740 Up ×2
NOC Northrop Grumman Corporation Common Stock $1,362,404 0.18% 2,675 $-497,382 Down ×6
TTE TotalEnergies SE Ordinary Shares $1,350,530 0.18% 17,368 $-534,667 Down ×1
SNY Sanofi - American Depositary Shares $1,343,491 0.18% 31,493 $92,642 Up ×2
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $1,323,739 0.17% 21,434 $78,678 Up ×2
PFE Pfizer, Inc. Common Stock $1,305,601 0.17% 54,219 $49,995 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ET $17,186,578 2.26% up ×6
MDT $7,933,926 1.04% up ×6
CME $4,323,410 0.57% up ×3
XLK $2,973,521 0.39% up ×6
BSCU $2,752,718 0.36% up ×4
MRK $2,441,167 0.32% up ×3
BSCT $2,347,648 0.31% up ×5
IBM $2,008,402 0.26% up ×3
BSCS $1,691,375 0.22% up ×6
CGUS $1,559,377 0.21% up ×6
CGGR $1,400,078 0.18% up ×6
GBIL $997,093 0.13% up ×3
ADP $920,434 0.12% up ×3
XLY $831,355 0.11% up ×6
BSCR $799,273 0.11% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VT $14,527,735 92,563 1.91%
TLT $14,105,818 163,224 1.86%
PINK $9,789,340 250,047 1.29%
GRID $8,816,563 45,979 1.16%
XOP $8,278,929 53,669 1.09%
Unknown issuer (CUSIP: 596278119) $1,982,759 11,527 0.26%
RF $789,609 26,146 0.10%
HSY $452,661 2,580 0.06%
Unknown issuer (CUSIP: 91167Q900) $447,590 110 0.06%
Unknown issuer (CUSIP: 84615Q103) $408,014 2,388 0.05%
Unknown issuer (CUSIP: 26614N201) $406,242 2,995 0.05%
DRI $401,307 1,948 0.05%
INTC $339,441 2,431 0.04%
Unknown issuer (CUSIP: 26922A952) $315,590 95 0.04%
TXN $284,359 954 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
HEFT Bought more +603K +$15.9M
IAU Trimmed -121K -$14.0M
AIRR Bought more +47K +$7.4M
XOM Trimmed -9K -$6.9M
CAT Trimmed -88 +$6.1M
WMT Trimmed -425 -$5.8M
OIH Bought more +16K +$5.0M
XLE Bought more +115K +$4.5M
LLY Trimmed -55 +$3.7M
AMAT Trimmed -19 +$3.5M

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
CGDG March 31, 2026 764,106 $27,232,746
TUA March 31, 2026 872,303 $19,106,050
PSQ June 30, 2026 552,024 $17,769,653 -2.2%
SH June 30, 2026 464,668 $17,624,857 -2.7%
PINK March 31, 2026 480,216 $17,575,906
BIL Dec. 31, 2025 190,103 $17,441,965
USFR Dec. 31, 2025 343,859 $17,285,796
SLV March 31, 2026 209,980 $13,526,912 -19.7%
URA Dec. 31, 2025 244,620 $11,661,050
IVOL March 31, 2026 567,991 $10,882,713
VGK June 30, 2025 149,829 $10,519,462
INDA Sept. 30, 2025 166,438 $9,267,271
SJB Sept. 30, 2025 393,663 $6,143,110
INTU March 31, 2026 6,337 $4,197,756 -35.0%
ROP March 31, 2026 7,139 $3,177,831 0.1%
TSCO March 31, 2026 57,560 $2,878,576 -31.4%
QCOM March 31, 2026 11,777 $2,014,380 43.6%
SYY Sept. 30, 2025 22,930 $1,736,718 -5.9%
NOW March 31, 2026 10,867 $1,664,716 28.5%
MIDD June 30, 2026 11,727 $1,554,766 -39.2%
PAYC Sept. 30, 2025 3,734 $863,983 6.2%
GSK March 31, 2026 14,759 $723,781 -14.8%
AEP March 31, 2026 5,462 $629,861 -8.8%
GILD March 31, 2026 4,248 $521,407 3.9%
UPS Sept. 30, 2025 4,847 $489,256 11.4%
PAYX June 30, 2025 3,120 $481,356 -32.0%
ETR June 30, 2025 5,491 $469,426 21.4%
KVUE Sept. 30, 2025 21,794 $456,148 6.0%
ARE Dec. 31, 2025 5,384 $448,703 -3.2%
ACN Sept. 30, 2025 1,455 $434,885 -19.3%
TXN March 31, 2026 2,392 $414,988 51.3%
WBA Sept. 30, 2025 35,971 $412,945 No longer tracked
BMO June 30, 2026 3,049 $412,652 -6.2%
DD June 30, 2026 9,000 $412,200 -4.2%
MS Sept. 30, 2025 2,582 $363,701 19.7%
HBAN June 30, 2026 22,696 $355,192 -13.5%
NVO Sept. 30, 2025 5,096 $351,726 -32.7%
CM Sept. 30, 2025 4,807 $340,450 39.0%
XONE June 30, 2025 6,725 $334,367
NMFC March 31, 2026 34,299 $315,894 -10.6%
HON June 30, 2026 1,366 $308,689 -4.4%
LYB Sept. 30, 2025 5,255 $304,054 19.5%
CRM Sept. 30, 2025 1,066 $290,688 -1.0%
PLTR June 30, 2026 1,982 $289,927 61.8%
APP March 31, 2026 428 $288,395 -32.6%
JAAA March 31, 2026 5,680 $287,294
ETG June 30, 2025 15,000 $273,300 10.1%
UNH Sept. 30, 2025 874 $272,744 7.7%
ARW June 30, 2026 1,848 $265,022 13.4%
DEO March 31, 2026 2,891 $249,407 13.8%
PYLD March 31, 2026 9,210 $245,723
SPGI June 30, 2026 562 $239,041 0.3%
PYPL Sept. 30, 2025 3,204 $238,121 -21.3%
VFLO June 30, 2026 5,995 $236,683
XLRE June 30, 2025 5,636 $235,866 No longer tracked
K Dec. 31, 2025 2,828 $231,953 No longer tracked
VST Dec. 31, 2025 1,168 $228,835 -13.2%
C June 30, 2026 2,014 $228,370 -8.2%
PINS Dec. 31, 2025 7,096 $228,278 -25.6%
THO March 31, 2026 2,202 $226,079 -12.9%
CMG March 31, 2026 6,085 $225,145 1.1%
BLK March 31, 2026 208 $222,631 10.2%
DG Dec. 31, 2025 2,149 $222,099 -10.4%
DOCS Dec. 31, 2025 3,031 $221,718 -36.9%
HAL June 30, 2025 8,698 $220,674 56.3%
ALNY Dec. 31, 2025 483 $220,248 -44.7%
AXP Sept. 30, 2025 688 $219,458 -8.8%
SNOW March 31, 2026 997 $218,702 126.1%
SHOP March 31, 2026 1,347 $216,827 27.6%
WDAY Sept. 30, 2025 901 $216,240 -22.7%
LDUR June 30, 2026 2,241 $214,733
SBUX March 31, 2026 2,546 $214,399 5.7%
NKE March 31, 2026 3,364 $214,320 -35.9%
ABT March 31, 2026 1,706 $213,745 -5.0%
LONZ June 30, 2025 4,224 $212,826
CMG Sept. 30, 2025 3,783 $212,415 -17.4%
UL (filed as ULXXXX) Sept. 30, 2025 3,471 $212,332 -10.6%
SNPS March 31, 2026 448 $210,435 23.6%
WDFC Sept. 30, 2025 920 $209,843 2.7%
LOW June 30, 2026 888 $209,817 -18.0%
FDX June 30, 2026 588 $209,434 -7.3%
ROE Dec. 31, 2025 6,054 $209,310
XHLF Sept. 30, 2025 4,136 $208,206
AFL June 30, 2025 1,872 $208,147 5.8%
WELL June 30, 2026 1,050 $207,635 0.3%
ARES March 31, 2026 1,280 $206,886 7.7%
PODD Dec. 31, 2025 670 $206,849 -53.7%
WM Sept. 30, 2025 901 $206,167 -7.4%
CTAS March 31, 2026 1,096 $206,125 14.1%
GM March 31, 2026 2,530 $205,740 5.1%
HUBS March 31, 2026 511 $205,064 -12.1%
ZTS June 30, 2025 1,245 $204,987 -55.3%
ARES Sept. 30, 2025 1,177 $203,856 -26.5%
EQIX June 30, 2025 250 $203,838 28.9%
FLRN March 31, 2026 6,627 $203,648
HOOD Dec. 31, 2025 1,418 $203,029 -0.3%
WM June 30, 2026 874 $200,836 -8.3%
GSBD March 31, 2026 19,923 $184,884 2.1%