Sector breakdown

04
Technology 10.3%
Industrials 8.5%
Financials 6.7%
Healthcare 4.6%
Retail 4.4%
Communication Services 3.8%
Consumer Staples 1.3%
Consumer Discretionary 1.0%
Energy 0.7%
Utilities 0.5%
Consumer products 0.1%
Materials 0.0%
Real Estate 0.0%
Other/Unmapped 58.0%

Full portfolio 262 positions

05
Type Streak 8Q trend
XLK SELECT SECTOR SPDR TRUST $99,765,276 7.36% 523,647 $28,976,586 Down ×1
IEFA iShares Core MSCI EAFE ETF $47,528,445 3.51% 492,115 $3,977,637 Up ×2
VEA Vanguard FTSE Developed Markets ETF $46,035,296 3.40% 646,109 $5,285,005 Up ×3
NVDA NVIDIA Corporation - Common Stock $32,013,716 2.36% 159,997 $7,740,943 Up ×3
GE GE Aerospace Common Stock $30,880,268 2.28% 82,627 $6,512,519 Down ×1
AMZN Amazon.com, Inc. - Common Stock $29,022,840 2.14% 121,771 $3,172,232 Down ×1
SCHR SCHWAB STRATEGIC TRUST $27,462,866 2.03% 1,113,660 $675,249 Up ×6
MSFT Microsoft Corporation - Common Stock $26,913,875 1.99% 72,151 $362,931 Up ×3
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF $26,169,436 1.93% 169,612 $-28,418 Down ×2
XLC SELECT SECTOR SPDR TRUST $25,555,550 1.89% 238,547 $530,540 Up ×1
AGG iShares Trust $25,067,408 1.85% 253,257 $216,494 Up ×1
SOXX iShares Trust $24,967,472 1.84% 38,965 $9,788,119 Down ×1
AAPL Apple Inc. - Common Stock $24,129,612 1.78% 83,390 $1,613,379 Down ×6
HCA HCA Healthcare, Inc. Common Stock $23,856,663 1.76% 61,188 $-4,172,887 Up ×1
SCHO SCHWAB STRATEGIC TRUST $23,301,561 1.72% 965,268 $1,776,508 Up ×6
XLE SELECT SECTOR SPDR TRUST $22,355,686 1.65% 420,932 $1,625,161 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $20,011,920 1.48% 56,638 $3,507,560 Down ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $19,747,284 1.46% 41,350 $2,904,125 Down ×6
V Visa Inc. $19,472,742 1.44% 56,757 $1,701,090 Down ×1
JPM JP Morgan Chase & Co. Common Stock $18,978,910 1.40% 57,981 $-1,088,579 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $18,926,268 1.40% 52,960 $3,892,544 Up ×3
BND Vanguard Total Bond Market ETF $18,746,065 1.38% 255,361 $716,401 Up ×1
MBB iShares MBS ETF $18,537,489 1.37% 196,122 $-1,080,331 Down ×3
UNP Union Pacific Corporation Common Stock $17,879,911 1.32% 65,735 $1,641,823 Down ×1
UBER Uber Technologies, Inc. Common Stock $17,424,488 1.29% 241,470 $-2,567,957 Down ×1
XLP XLP $16,281,168 1.20% 195,993 $-3,666,449 Down ×1
ICSH iShares Ultra Short Duration Bond Active ETF $15,553,484 1.15% 307,503 $3,321,191 Up ×1
AZO AutoZone, Inc. Common Stock $15,516,023 1.14% 4,855 $2,781,397 Up ×1
WFCPRL CUSIP: 949746804 $15,348,762 1.13% 13,266 $345,312 Up ×1
KO Coca-Cola Company (The) Common Stock $14,900,693 1.10% 183,348 $-485,738 Down ×4
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $14,782,812 1.09% 29,760 $-949,992 Down ×1
XLV SELECT SECTOR SPDR TRUST $14,386,799 1.06% 90,677 $13,051,975 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $14,232,979 1.05% 77,022 $4,463,359 Up ×2
STIP iShares 0-5 Year TIPS Bond ETF $13,999,484 1.03% 137,035 $23,964 Up ×1
AXP American Express Company Common Stock $13,461,339 0.99% 39,797 $-3,356,090 Down ×4
MCHI iShares MSCI China ETF $12,968,010 0.96% 254,150 $-1,420,505 Down ×1
XLF SELECT SECTOR SPDR TRUST $12,863,625 0.95% 239,948 $-1,006,241 Down ×1
XLU XLU $12,670,664 0.93% 279,459 $-295,571 Down ×1
WM Waste Management, Inc. Common Stock $12,259,740 0.90% 55,006 $-1,158,696 Down ×3
IUSB iShares Core Universal USD Bond ETF $12,164,642 0.90% 263,589 $606,825 Up ×6
SMH SMH $12,105,620 0.89% 18,457 $3,978,773 Down ×1
VNQ Vanguard Real Estate ETF $12,090,792 0.89% 125,384 $772,704 Down ×1
CRH CRH PLC Ordinary Shares $11,676,224 0.86% 109,124 $-632,775 Down ×1
PGR Progressive Corporation (The) Common Stock $11,517,680 0.85% 52,725 $1,020,253 Down ×1
JIRE JPMorgan International Research Enhanced Equity ETF $11,228,182 0.83% 136,116 $1,529,927 Up ×6
WCC WESCO International, Inc. Common Stock $10,804,657 0.80% 31,279 $1,945,763 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $10,485,703 0.77% 18,615 $-89,553 Up ×1
BIV VANGUARD BOND INDEX FUNDS $10,150,912 0.75% 132,346 $114,175 Up ×2
GEHC GE HealthCare Technologies Inc. - Common Stock $10,010,371 0.74% 156,388 $-2,951,288 Down ×2
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $9,949,647 0.73% 187,129 $-807,750 Down ×3
IEMG iShares, Inc. $9,905,810 0.73% 119,578 $-148,619 Down ×1
CG The Carlyle Group Inc. - Common Stock $8,739,150 0.64% 207,531 $-2,086,614 Down ×1
IJR iShares Trust $8,683,545 0.64% 58,550 $4,528,855 Up ×1
VCRB Vanguard Core Bond ETF $8,483,151 0.63% 109,839 $1,905,607 Up ×6
QXO QXO, Inc. Common Stock $8,253,429 0.61% 477,629 Up ×1
IVV iShares Trust $8,070,167 0.60% 10,776 $1,282,045 Up ×3
ASML ASML Holding N.V. - New York Registry Shares $6,325,657 0.47% 3,180 $1,309,194 Down ×6
QQQM Invesco NASDAQ 100 ETF $6,089,011 0.45% 20,098 $1,068,459 Down ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $6,049,462 0.45% 68,838 $5,295,443 Up ×1
CRCL Circle Internet Group, Inc. Class A Common Stock $5,919,099 0.44% 94,509 $5,345,876 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $5,880,968 0.43% 71,155 $-335,094 Down ×6
JPST JPMorgan Ultra-Short Income ETF $5,715,786 0.42% 113,027 $1,196,456 Up ×1
COST Costco Wholesale Corporation - Common Stock $5,690,726 0.42% 6,083 $-523,702 Down ×6
PPL PPL Corporation Common Stock $5,380,064 0.40% 148,007 $-1,324,265 Down ×2
CWB SPDR SERIES TRUST $5,313,412 0.39% 49,280 $2,067,880 Up ×2
VWO Vanguard FTSE Emerging Markets ETF $5,252,972 0.39% 88,004 $-329,892 Down ×4
CHWY Chewy, Inc. Class A Common Stock $5,195,794 0.38% 264,417 $4,923,121 Up ×1
XLY XLY $5,008,079 0.37% 42,702 $-7,414,632 Down ×1
JMTG JPMorgan Mortgage-Backed Securities ETF $4,895,889 0.36% 96,604 $1,455,813 Up ×2
MUB iShares Trust $4,563,349 0.34% 42,402 $528,488 Up ×1
JNJ Johnson & Johnson Common Stock $4,535,039 0.33% 17,857 $420,105 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $4,484,248 0.33% 85,561 $-362,385 Down ×6
XLB XLB $4,312,601 0.32% 84,844 $2,172,994 Up ×1
EZU iShares MSCI Eurozone ETF $4,276,474 0.32% 61,532 Up ×1
BSV VANGUARD BOND INDEX FUNDS $4,158,709 0.31% 53,378 $63,811 Up ×1
MA Mastercard Incorporated Common Stock $4,104,896 0.30% 7,992 $24,781 Down ×6
VCSH Vanguard Short-Term Corporate Bond ETF $4,040,498 0.30% 51,126 $-249,034 Down ×3
VIG Vanguard Div Appreciation ETF $3,696,087 0.27% 15,620 $513,131 Up ×6
CVX Chevron Corporation Common Stock $3,582,712 0.26% 21,614 $-842,837 Up ×1
XLI SELECT SECTOR SPDR TRUST $3,532,130 0.26% 19,069 $2,370,802 Up ×1
IJH iShares Trust $3,527,672 0.26% 45,749 $-13,434,425 Down ×1
VB Vanguard Morningstar Small-Cap ETF $3,416,770 0.25% 11,272 $396,282 Down ×4
MTUM iShares Trust $3,119,639 0.23% 9,100 $1,669,919 Up ×2
BK The Bank of New York Mellon Corporation Common Stock $3,090,768 0.23% 21,373 $286,695 Down ×6
VTEB Vanguard Tax-Exempt Bond ETF $3,036,571 0.22% 60,035 $219,644 Up ×1
RPG Invesco Exchange-Traded Fund Trust $2,867,448 0.21% 44,909 $-43,599 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,809,304 0.21% 5,614 $154,522 Up ×1
SPY SPY $2,763,049 0.20% 3,700 Put option $421,825 Up ×2
CLOI VanEck ETF Trust $2,693,041 0.20% 50,860 $829,122 Up ×2
XOM Exxon Mobil Corporation Common Stock $2,594,524 0.19% 18,977 $-653,565 Down ×2
DIVB iShares Trust $2,529,462 0.19% 41,063 $395,499 Up ×2
JMUB JPMorgan Municipal ETF $2,516,464 0.19% 49,678 $45,857 Up ×1
JEPI JPMorgan Equity Premium Income ETF $2,465,723 0.18% 43,657 $279,425 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,340,731 0.17% 5,632 $730,674 Down ×4
FBND Fidelity Merrimack Street Trust $2,218,144 0.16% 48,761 $29,818 Up ×2
VTI Vanguard Morningstar Total Stock Market ETF $2,185,959 0.16% 5,907 $513,735 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $1,920,014 0.14% 1,898 $186,743 Down ×5
ITOT iShares Trust $1,888,010 0.14% 11,493 $196,228 Down ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $1,870,334 0.14% 30,767 $970,591 Up ×2
HD Home Depot, Inc. (The) Common Stock $1,805,679 0.13% 5,120 $-2,167,346 Down ×3

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VEA $46,035,296 3.40% up ×3
NVDA $32,013,716 2.36% up ×3
SCHR $27,462,866 2.03% up ×6
MSFT $26,913,875 1.99% up ×3
SCHO $23,301,561 1.72% up ×6
XLE $22,355,686 1.65% up ×3
GOOGL $18,926,268 1.40% up ×3
IUSB $12,164,642 0.90% up ×6
JIRE $11,228,182 0.83% up ×6
VCRB $8,483,151 0.63% up ×6
IVV $8,070,167 0.60% up ×3
VIG $3,696,087 0.27% up ×6
ABBV $1,735,064 0.13% up ×4
AVGO $1,525,549 0.11% up ×6
VCRM $1,377,122 0.10% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
QXO $8,253,429 477,629 0.61%
EZU $4,276,474 61,532 0.32%
EEM $1,536,147 22,455 0.11%
JPLD $859,569 16,470 0.06%
CAT $701,510 659 0.05%
NOBL $666,158 11,862 0.05%
PLTR $577,067 4,946 0.04%
Unknown issuer (CUSIP: 438516205) $549,003 2,452 0.04%
Unknown issuer (CUSIP: 43849R105) $542,088 2,452 0.04%
AMD $439,313 756 0.03%
FSEC $418,365 9,543 0.03%
MELI $383,610 226 0.03%
CAH $375,922 1,582 0.03%
WMB $319,702 4,301 0.02%
SPGI $302,530 743 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XLK Trimmed -9K +$29.0M
IJH Trimmed -205K -$13.4M
SOXX Trimmed -7K +$9.8M
NVDA Bought more +21K +$7.7M
XLY Trimmed -71K -$7.4M
GE Trimmed -3K +$6.5M
VEA Bought more +10K +$5.3M
IJR Bought more +25K +$4.5M
QCOM Bought more +1K +$4.5M
HCA Bought more +2K -$4.2M

4 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
LULU June 30, 2025 85,764 $24,276,216 -60.8%
CPB June 30, 2025 336,213 $13,421,632 -37.0%
DEO Dec. 31, 2025 131,530 $12,551,908 -2.7%
LNTH Sept. 30, 2025 145,352 $11,898,515 95.3%
LINE June 30, 2025 192,786 $11,303,016 -19.6%
UTHR Sept. 30, 2025 37,086 $10,656,662 28.0%
ZTS June 30, 2026 86,985 $10,282,513 -0.6%
GCOW June 30, 2026 189,275 $8,752,085
MAT June 30, 2026 558,382 $8,113,290 15.6%
OTIS March 31, 2026 80,892 $7,065,957 -14.5%
FLUT March 31, 2026 25,318 $5,444,383 -25.7%
IEV March 31, 2026 47,290 $3,244,060 4.4%
SPGP March 31, 2026 23,756 $2,704,858
EEM March 31, 2026 45,277 $2,477,112
COWZ June 30, 2026 36,995 $2,314,385
RPV June 30, 2026 18,707 $2,008,966
DFS June 30, 2025 7,993 $1,364,405 No longer tracked
DBMF June 30, 2026 42,777 $1,289,733
HON June 30, 2026 5,162 $1,166,681 -4.4%
FTCS June 30, 2026 10,366 $961,560
DASH March 31, 2026 3,921 $888,028 27.7%
ISRG Sept. 30, 2025 1,319 $716,671 -9.1%
CEG March 31, 2026 1,995 $704,769 -4.2%
DFSV June 30, 2025 20,934 $589,305
NOW Dec. 31, 2025 639 $588,255 -11.2%
CPRT March 31, 2026 14,350 $561,803 -16.7%
SPDN June 30, 2026 47,931 $476,913 -3.6%
SHC June 30, 2026 29,107 $417,394 4.5%
MELI March 31, 2026 195 $392,781 7.6%
NBIS Dec. 31, 2025 3,409 $382,728 177.8%
DYNF March 31, 2026 5,919 $359,928
AIG June 30, 2026 4,750 $357,438 0.8%
OKTA Dec. 31, 2025 3,800 $348,460 152.4%
IDMO June 30, 2026 6,106 $334,857
VUSB March 31, 2026 6,674 $332,647
DOW March 31, 2026 14,053 $328,559 -31.5%
EA June 30, 2025 2,230 $322,280 No longer tracked
ADBE June 30, 2025 830 $318,330 -38.3%
EFAV June 30, 2026 3,381 $308,943
USO June 30, 2026 2,413 $307,054 35.3%
RRR Dec. 31, 2025 4,580 $279,655 -17.6%
ANET Dec. 31, 2025 1,915 $279,035 57.9%
IWM Dec. 31, 2025 1,145 $277,044 15.1%
SATS June 30, 2026 2,241 $262,354 No longer tracked
GDX June 30, 2026 2,784 $255,488 15.9%
ISRG March 31, 2026 424 $240,046 -11.8%
SPSB March 31, 2026 7,747 $233,966
XMHQ June 30, 2025 2,500 $228,825
INTU March 31, 2026 345 $228,593 -34.2%
LH March 31, 2026 899 $225,541 15.7%
ZM March 31, 2026 2,575 $222,197 16.5%
NKE June 30, 2026 4,038 $213,297 -17.3%
DTCR March 31, 2026 10,000 $211,000
KVUE June 30, 2025 8,761 $210,098 -16.9%
XMHQ Dec. 31, 2025 2,000 $209,920
IYW March 31, 2026 1,050 $209,664 49.7%
AMD March 31, 2026 978 $209,448 210.5%
KGC June 30, 2026 6,745 $205,869 -0.2%
MMM March 31, 2026 1,280 $204,928 12.4%
PEP June 30, 2026 1,315 $204,143 -7.2%
CYBR Sept. 30, 2025 500 $203,440 No longer tracked
MDLZ Dec. 31, 2025 3,246 $202,778 8.7%
TOTL June 30, 2025 5,000 $201,450
CERT June 30, 2026 29,267 $166,822 53.7%