Sector breakdown

04
Technology 10.8%
Financials 9.4%
Communication Services 6.8%
Industrials 5.4%
Healthcare 5.0%
Retail 3.2%
Energy 2.9%
Consumer Discretionary 2.3%
Real Estate 2.3%
Consumer Staples 2.0%
Utilities 2.0%
Materials 0.0%
Consumer products 0.0%
Other/Unmapped 47.7%

Full portfolio 217 positions

05
Type Streak 8Q trend
VEA Vanguard FTSE Developed Markets ETF $18,552,291 10.34% 260,383 $1,961,819 Up ×2
BND Vanguard Total Bond Market ETF $15,207,161 8.48% 207,154 $351,819 Up ×2
IEI iShares 3-7 Year Treasury Bond ETF $15,131,955 8.43% 128,837 $125,509 Up ×2
BNDX Vanguard Total International Bond ETF $8,920,731 4.97% 184,198 $603,718 Up ×2
VWO Vanguard FTSE Emerging Markets ETF $7,892,924 4.40% 132,232 $793,589 Up ×2
AAPL Apple Inc. - Common Stock $5,753,620 3.21% 19,884 $764,640 Up ×1
GLD SPDR Gold Shares $4,703,107 2.62% 12,767 $-714,244 Up ×1
MSFT Microsoft Corporation - Common Stock $4,559,564 2.54% 12,223 $785,938 Up ×2
VZ Verizon Communications Inc. Common Stock $3,956,360 2.20% 93,443 $-64,045 Up ×2
UNP Union Pacific Corporation Common Stock $3,762,873 2.10% 13,834 $414,027 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $3,760,541 2.10% 29,265 $267,779 Up ×1
SBUX Starbucks Corporation - Common Stock $3,728,076 2.08% 36,482 $467,531 Up ×6
PSA Public Storage Common Stock $3,632,588 2.02% 11,412 $573,883 Up ×2
KO Coca-Cola Company (The) Common Stock $3,608,090 2.01% 44,396 $242,171 Up ×1
COST Costco Wholesale Corporation - Common Stock $3,598,813 2.01% 3,847 $-347,283 Down ×1
KMI Kinder Morgan, Inc. Common Stock $3,590,806 2.00% 112,318 $-167,169 Up ×1
CAT Caterpillar, Inc. Common Stock $3,570,231 1.99% 3,353 $85,589 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,521,244 1.96% 7,037 $229,619 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,476,550 1.94% 9,839 $678,414 Up ×1
AFL AFLAC Incorporated Common Stock $3,449,294 1.92% 29,418 $260,825 Up ×1
JPM JP Morgan Chase & Co. Common Stock $3,405,869 1.90% 10,405 $406,908 Up ×1
AES The AES Corporation Common Stock $3,396,077 1.89% 231,656 $181,345 Up ×1
FLRN SPDR SERIES TRUST $3,246,122 1.81% 105,223 $3,421 Down ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $2,869,897 1.60% 32,657 $441,206 Up ×4
NVG Nuveen AMT-Free Municipal Credit Income Fund $2,591,091 1.44% 202,429 $238,120 Up ×2
NVDA NVIDIA Corporation - Common Stock $2,293,437 1.28% 11,462 $280,857 Down ×2
LRCX Lam Research Corporation - Common Stock $2,274,983 1.27% 5,250 $579,805 Down ×3
RKT Rocket Companies, Inc. Class A Common Stock $2,237,146 1.25% 142,041 $1,114,944 Up ×1
AMZN Amazon.com, Inc. - Common Stock $2,159,883 1.20% 9,062 $268,959 Down ×1
RMBS Rambus, Inc. - Common Stock $2,086,806 1.16% 15,721 $730,973 Down ×2
DELL Dell Technologies Inc. Class C Common Stock $1,789,696 1.00% 4,148 $-224,343 Down ×1
PWR Quanta Services, Inc. Common Stock $1,770,578 0.99% 2,459 $-122,992 Down ×2
V Visa Inc. $1,652,321 0.92% 4,816 $228,771 Up ×4
VEEV Veeva Systems Inc. Class A Common Stock $1,630,062 0.91% 9,185 $474,219 Up ×2
DVN Devon Energy Corporation Common Stock $1,599,745 0.89% 38,716 $-324,542 Up ×6
NBIX Neurocrine Biosciences, Inc. - Common Stock $1,582,544 0.88% 9,390 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $1,554,354 0.87% 9,267 $-51,115 Up ×2
GILD Gilead Sciences, Inc. - Common Stock $1,548,802 0.86% 12,259 $-145,937 Up ×1
IBIT iShares Bitcoin Trust ETF $1,496,785 0.83% 44,962 $503,743 Up ×4
META Meta Platforms, Inc. - Class A Common Stock $1,488,775 0.83% 2,643 $-22,220 Up ×4
NFLX Netflix, Inc. - Common Stock $1,302,336 0.73% 18,240 $-433,364 Up ×3
APO Apollo Global Management, Inc. (New) Common Stock $1,295,495 0.72% 10,950 $106,198 Up ×5
NZF Nuveen Municipal Credit Income Fund $878,255 0.49% 69,263 $30,637 Down ×6
COLB Columbia Banking System, Inc. - Common Stock $743,688 0.41% 23,204 $107,202
AOA iShares Trust $367,354 0.20% 3,764 $34,294
NAD Nuveen Quality Municipal Income Fund Common Stock $347,711 0.19% 28,689 $17,787
IAU iShares Gold Trust Shares $328,469 0.18% 4,350 $-55,027
VXUS Vanguard Total International Stock ETF $309,046 0.17% 3,615 $7,854 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $297,332 0.17% 832 $58,082
NLY Annaly Capital Management Inc. Common Stock $260,919 0.15% 11,669 $133,688 Up ×5
RKLB Rocket Lab Corporation - Common Stock $226,171 0.13% 2,225 $83,281
BNDW Vanguard Total World Bond ETF $221,557 0.12% 3,233 $-430,639 Down ×1
ESGD iShares ESG Aware MSCI EAFE ETF $194,002 0.11% 1,887 $13,567
TSLA Tesla, Inc. - Common Stock $173,708 0.10% 413 $20,175
ICLN iShares Global Clean Energy ETF $167,157 0.09% 8,158 $17,947
DHC Diversified Healthcare Trust - Common Shares of Beneficial Interest $162,153 0.09% 17,436 $43,667 Down ×1
ESGV VANGUARD WORLD FUND $144,009 0.08% 1,089 Up ×1
ETB Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest $141,336 0.08% 9,095 $32,928 Up ×6
IBM International Business Machines Corporation Common Stock $140,605 0.08% 500 $19,410
SPDW State Street SPDR Portfolio Developed World ex-US ETF $139,328 0.08% 2,765 $15,662 Up ×1
RIVN Rivian Automotive, Inc. - Class A Common Stock $139,234 0.08% 8,025 $33,508 Up ×1
EAGG iShares Trust $134,739 0.08% 2,842 $-398
BANR Banner Corporation - Common Stock $128,429 0.07% 1,933 $11,135
VCRM Vanguard Core Tax-Exempt Bond ETF $126,060 0.07% 1,650 $2,062
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $116,603 0.06% 4,666 $-350
MUB iShares Trust $115,476 0.06% 1,073 $1,577
MU Micron Technology, Inc. - Common Stock $115,429 0.06% 100 $81,645
SHV iShares 0-1 Year Treasury Bond ETF $111,122 0.06% 1,007 $-38,898 Down ×3
QQQM Invesco NASDAQ 100 ETF $103,977 0.06% 343 $31,222 Up ×2
GLDM SPDR Gold MiniShares Trust $102,055 0.06% 1,285 $-48,474 Down ×1
IWV iShares Russell 3000 Fund $101,483 0.06% 238 $13,261
ESGE iShares ESG Aware MSCI EM ETF $98,278 0.05% 1,797 $16,568
AEHR Aehr Test Systems - Common Stock $96,060 0.05% 1,000 $58,980
THG Hanover Insurance Group Inc $87,575 0.05% 409 Up ×1
CORT Corcept Therapeutics Incorporated - Common Stock $86,950 0.05% 1,000 $46,640
MEDP Medpace Holdings, Inc. - Common Stock $79,439 0.04% 150 $7,410
SOXX iShares Trust $75,665 0.04% 118 $39,486 Up ×3
OC Owens Corning Inc Common Stock New $74,552 0.04% 469 $25,961 Up ×3
NEE NextEra Energy, Inc. Common Stock $72,586 0.04% 827 $-1,904 Up ×2
MYI Blackrock MuniYield Quality Fund III, Inc Common Stock $70,549 0.04% 6,350 $3,810
ORCL Oracle Corporation Common Stock $70,344 0.04% 480 $-269
SPEM State Street SPDR Portfolio Emerging Markets ETF $67,832 0.04% 1,310 $9,101 Up ×1
EAOA iShares Trust $66,634 0.04% 1,467 $18,923 Up ×1
SAN Banco Santander, S.A. Sponsored ADR (Spain) $62,390 0.03% 4,521 $11,393
A Agilent Technologies, Inc. Common Stock $58,312 0.03% 439 $11,694 Up ×2
BROS Dutch Bros Inc. Class A Common Stock $57,879 0.03% 806 $17,047
ES Eversource Energy (D/B/A) Common Stock $57,816 0.03% 800 $2,392
ENPH Enphase Energy, Inc. - Common Stock $56,134 0.03% 1,140 $14,543 Up ×1
AXON Axon Enterprise, Inc. - Common Stock $56,061 0.03% 100 $13,592
SCHW Charles Schwab Corporation (The) Common Stock $55,362 0.03% 600 $-1,026
ECL Ecolab Inc. Common Stock $52,936 0.03% 190 $5,052 Up ×2
ATAI AtaiBeckley Inc. - Common Stock $52,700 0.03% 10,000 $17,300
BA Boeing Company (The) Common Stock $52,602 0.03% 243 $4,238
WY Weyerhaeuser Company Common Stock $50,992 0.03% 2,130 $-1,044
VTES Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF $50,655 0.03% 500 $85
INTC Intel Corporation - Common Stock $48,871 0.03% 350 $33,425
NKE Nike, Inc. Common Stock $46,513 0.03% 1,133 $13,074 Up ×1
CMI Cummins Inc. Common Stock $46,359 0.03% 65 $11,388
WMB Williams Companies, Inc. (The) Common Stock $44,604 0.02% 600 $936
GBCI Glacier Bancorp, Inc. Common Stock $44,101 0.02% 855 $5,908

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SBUX $3,728,076 2.08% up ×6
SPYM $2,869,897 1.60% up ×4
V $1,652,321 0.92% up ×4
DVN $1,599,745 0.89% up ×6
IBIT $1,496,785 0.83% up ×4
META $1,488,775 0.83% up ×4
NFLX $1,302,336 0.73% up ×3
APO $1,295,495 0.72% up ×5
NLY $260,919 0.15% up ×5
ETB $141,336 0.08% up ×6
SOXX $75,665 0.04% up ×3
OC $74,552 0.04% up ×3
EFT $41,387 0.02% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NBIX $1,582,544 9,390 0.88%
ESGV $144,009 1,089 0.08%
THG $87,575 409 0.05%
VSGX $38,453 467 0.02%
Unknown issuer (CUSIP: 30233Q108) $24,610 180 0.01%
Unknown issuer (CUSIP: 84615Q103) $23,066 135 0.01%
AMAL $22,950 500 0.01%
CRDO $13,326 49 0.01%
ZM $13,292 154 0.01%
Unknown issuer (CUSIP: 438516205) $11,195 50 0.01%
POWR $11,184 400 0.01%
Unknown issuer (CUSIP: 43849R105) $11,054 50 0.01%
NBIS $11,047 40 0.01%
IFRA $11,032 175 0.01%
ASTS $8,886 100 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VEA Bought more +1K +$2.0M
RKT Bought more +63K +$1.1M
VWO Bought more +884 +$794K
MSFT Bought more +2K +$786K
AAPL Bought more +226 +$765K
RMBS Trimmed -39 +$731K
GLD Bought more +177 -$714K
GOOG Bought more +85 +$678K
BNDX Bought more +11K +$604K
LRCX Trimmed -3K +$580K

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
RDFN Sept. 30, 2025 169,176 $1,893,079 No longer tracked
SHY Dec. 31, 2025 9,500 $788,120
BK March 31, 2026 1,559 $180,984 No longer tracked
KNTK Dec. 31, 2025 3,508 $149,932 49.7%
SPH Sept. 30, 2025 3,685 $68,283 -8.4%
RKLB (filed as RKLBXXXX) June 30, 2025 2,500 $44,700 109.8%
JNPR Sept. 30, 2025 1,082 $43,204 No longer tracked
MO Dec. 31, 2025 587 $38,777 18.9%
RF March 31, 2026 1,066 $28,889 3.6%
RBLX Dec. 31, 2025 200 $27,704 -43.8%
GWW March 31, 2026 23 $23,208 16.9%
HON June 30, 2026 100 $22,603 -4.9%
BBY March 31, 2026 316 $21,150 32.2%
PVH March 31, 2026 273 $18,296 12.1%
PEP Dec. 31, 2025 111 $15,589 -12.4%
AMGN Dec. 31, 2025 52 $14,674 23.0%
NUV March 31, 2026 1,550 $14,043 -8.3%
XOM June 30, 2026 70 $11,876 20.3%
MMM June 30, 2026 71 $10,311 1.1%
BMY June 30, 2026 160 $9,719 3.4%
TTAN Sept. 30, 2025 75 $8,039 -31.9%
EFA June 30, 2025 72 $5,885
APD Dec. 31, 2025 21 $5,727 13.8%
ACN Sept. 30, 2025 15 $4,483 -21.6%
LQD Dec. 31, 2025 40 $4,459
AOM Sept. 30, 2025 95 $4,374
VOOG June 30, 2025 13 $4,374 32.9%
TLH Dec. 31, 2025 38 $3,914
MQT March 31, 2026 350 $3,518 No longer tracked
NTAP June 30, 2025 40 $3,514 114.4%
TLT Dec. 31, 2025 38 $3,396
IYR Dec. 31, 2025 32 $3,107 1.5%
AWK Sept. 30, 2025 22 $3,060 -8.0%
CSCO June 30, 2025 46 $2,839 70.0%
TIP Dec. 31, 2025 25 $2,781
CNC Dec. 31, 2025 72 $2,569 57.0%
IDA March 31, 2026 19 $2,405 -7.2%
TECL Dec. 31, 2025 18 $2,239 116.5%
SYY June 30, 2025 28 $2,101 2.3%
RWX Dec. 31, 2025 71 $1,975
AMT June 30, 2025 9 $1,958 -25.4%
UPST Dec. 31, 2025 38 $1,930 -45.4%
ZBH Sept. 30, 2025 18 $1,642 -9.0%
ADBE June 30, 2025 4 $1,534 -38.5%
BGS Dec. 31, 2025 310 $1,373 -43.3%
EEM June 30, 2025 28 $1,224
SOLS March 31, 2026 25 $1,215 -19.6%
CRL March 31, 2026 6 $1,197 76.8%
SCHD Sept. 30, 2025 35 $927 21.6%
IBRX June 30, 2026 117 $897 10.7%
NVO June 30, 2025 11 $764 -45.6%
ADEA June 30, 2025 50 $661 74.0%
EFG June 30, 2025 5 $500
BIIB June 30, 2025 3 $411 77.5%
JWN June 30, 2025 10 $245 No longer tracked
LCID (filed as LCIDXXXX) Sept. 30, 2025 80 $169 -82.5%
EQC June 30, 2025 75 $121 No longer tracked
BPPTU Dec. 31, 2025 70 $9 No longer tracked