Sector breakdown

04
Technology 11.8%
Financials 8.3%
Industrials 6.0%
Retail 5.2%
Health Care 4.7%
Communication Services 4.1%
Energy 2.6%
Consumer Staples 1.5%
Consumer Discretionary 1.2%
Utilities 1.2%
Real Estate 1.0%
Consumer products 0.9%
Materials 0.8%
Other/Unmapped 50.9%

Full portfolio 448 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $393,245,815 5.43% 4,474,804 $71,897,475 Up ×5
NVDA NVIDIA Corporation - Common Stock $192,131,113 2.65% 960,223 $62,805,481 Up ×1
DMBS DoubleLine ETF Trust $151,249,687 2.09% 3,081,101 $-369,255 Up ×5
AAPL Apple Inc. - Common Stock $145,262,925 2.00% 502,015 $20,076,340 Up ×1
AMZN Amazon.com, Inc. - Common Stock $142,293,374 1.96% 597,018 $13,855,638 Down ×1
AVDE AMERICAN CENTURY ETF TRUST $128,950,206 1.78% 1,445,630 $8,919,731 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $122,035,719 1.68% 345,387 $16,942,330 Down ×3
JMBS Janus Henderson Mortgage-Backed Securities ETF $120,967,618 1.67% 2,688,767 $14,933,999 Up ×4
GLDM SPDR Gold MiniShares Trust $120,537,214 1.66% 1,517,719 $-30,386,264 Down ×1
SEPU AIM ETF Products Trust $119,857,248 1.65% 3,858,271 $25,527,180 Up ×3
MSFT Microsoft Corporation - Common Stock $113,746,454 1.57% 304,934 $-4,557,977 Down ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $112,402,337 1.55% 2,230,648 $8,990,509 Down ×1
RECS Columbia ETF Trust I $104,361,831 1.44% 2,411,318 $13,915,779 Up ×5
AVEM AMERICAN CENTURY ETF TRUST $99,524,018 1.37% 1,031,444 $7,382,683 Down ×1
IETC iShares U.S. Tech Independence Focused ETF $92,106,293 1.27% 858,000 $28,078,791 Up ×5
XTEN BondBloxx ETF Trust $86,817,573 1.20% 1,904,730 $47,435,303 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $82,735,281 1.14% 146,879 $1,907,802 Up ×1
QQQM Invesco NASDAQ 100 ETF $82,599,154 1.14% 272,631 $16,288,518 Down ×1
AVGO Broadcom Inc. - Common Stock $77,589,519 1.07% 205,399 $19,148,725 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $71,483,536 0.99% 70,680 $12,175,767 Up ×1
XSVN BondBloxx ETF Trust $69,992,219 0.97% 1,480,690 $19,099,313 Up ×6
JPM JP Morgan Chase & Co. Common Stock $67,413,030 0.93% 205,948 $10,463,144 Up ×6
JAAA Janus Henderson AAA CLO ETF $66,937,491 0.92% 1,325,757 $-3,950,083 Down ×1
MS Morgan Stanley Common Stock $66,612,455 0.92% 318,659 $12,713,264 Down ×3
LRCX Lam Research Corporation - Common Stock $65,071,728 0.90% 150,167 $34,348,348 Up ×1
PRFD PIMCO ETF Trust $62,218,556 0.86% 1,211,734 $5,339,795 Up ×5
AVUS AMERICAN CENTURY ETF TRUST $61,926,932 0.85% 483,502 $22,151,576 Up ×5
DABS DoubleLine ETF Trust $61,269,567 0.85% 1,208,993 $-1,771,173 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $59,752,330 0.82% 175,216 $30,993,978 Down ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $59,631,158 0.82% 2,336,644 $-35,146,874 Down ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $58,109,481 0.80% 139,811 $17,010,098 Down ×1
SPYI NEOS S&P 500 High Income ETF $57,368,044 0.79% 1,080,581 $6,200,613 Up ×1
FEBT AllianzIM U.S. Large Cap Buffer10 Feb ETF $56,724,065 0.78% 1,378,809 $5,682,900 Up ×4
XLF SELECT SECTOR SPDR TRUST $56,180,011 0.78% 1,047,939 $10,986,402 Up ×5
BBBS BondBloxx BBB Rated 1-5 Year Corporate Bond ETF $54,423,457 0.75% 1,066,185 $-2,069,699 Down ×1
CVX Chevron Corporation Common Stock $53,855,906 0.74% 324,903 $-9,959,054 Up ×1
GSY Invesco Actively Managed Exchange-Traded Fund Trust $51,865,008 0.72% 1,034,198 $-3,270,684 Down ×5
UYLD Angel Oak UltraShort Income ETF $51,838,773 0.72% 1,016,347 $-3,160,211 Down ×3
MUB iShares Trust $51,094,284 0.70% 474,766 $12,642,885 Up ×5
TGT Target Corporation Common Stock $49,850,697 0.69% 381,676 $-1,804,787 Down ×2
IGTR CUSIP: 45783Y665 $49,678,244 0.69% 1,462,256 $5,466,713 Down ×6
ETN Eaton Corporation, PLC Ordinary Shares $49,555,152 0.68% 116,294 $10,016,164 Up ×1
V Visa Inc. $46,973,239 0.65% 136,912 $9,034,753 Up ×2
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $46,077,863 0.64% 1,377,103 $45,522,877 Up ×1
KO Coca-Cola Company (The) Common Stock $45,766,399 0.63% 563,140 $2,894,962 Down ×2
URI United Rentals, Inc. Common Stock $44,764,863 0.62% 39,514 $18,064,856 Up ×1
XTWY BondBloxx ETF Trust $44,325,582 0.61% 1,180,913 Up ×1
IVV iShares Trust $43,952,644 0.61% 58,690 $7,239,332 Up ×6
WMT Walmart Inc. - Common Stock $43,920,410 0.61% 387,784 $-3,690,951 Up ×1
FTSM First Trust Enhanced Short Maturity ETF $43,840,359 0.60% 733,976 $4,210,704 Up ×4
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $43,722,741 0.60% 1,540,075 $5,165,740 Up ×6
Unknown issuer (CUSIP: 45784N197) $42,542,203 0.59% 2,194,028 Up ×1
BIL SPDR SERIES TRUST $41,925,851 0.58% 457,506 $405,192 Up ×6
APH Amphenol Corporation Common Stock $40,564,357 0.56% 230,061 $14,936,625 Up ×1
BAC Bank of America Corporation Common Stock $40,332,517 0.56% 707,836 $6,403,438 Up ×4
PG Procter & Gamble Company (The) Common Stock $39,184,523 0.54% 267,216 $3,036,047 Up ×1
MDT Medtronic plc. Ordinary Shares $38,842,213 0.54% 496,513 $-2,576,835 Up ×1
JNJ Johnson & Johnson Common Stock $38,814,589 0.54% 152,831 $4,814,560 Up ×1
AGGH Simplify Exchange Traded Funds $37,474,609 0.52% 1,857,938 Up ×1
FOXY Simplify Currency Strategy ETF $35,354,861 0.49% 1,186,803 Up ×1
SMOT VanEck ETF Trust $35,186,070 0.49% 905,457 $4,569,544 Up ×3
BLOK Amplify ETF Trust $34,549,066 0.48% 551,638 $8,715,143 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $34,384,784 0.47% 68,716 $-5,182,266 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $34,281,128 0.47% 95,926 $13,035,726 Up ×6
AIS Tidal Trust III $33,814,410 0.47% 396,371 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $33,474,373 0.46% 43,864 Up ×1
MCD McDonald's Corporation Common Stock $33,130,741 0.46% 122,566 $-5,778,538 Down ×2
LLY Eli Lilly and Company Common Stock $32,794,768 0.45% 27,342 $14,780,854 Up ×1
PWR Quanta Services, Inc. Common Stock $32,054,699 0.44% 44,518 $4,391,703 Down ×3
LOW Lowe's Companies, Inc. Common Stock $30,676,296 0.42% 139,128 $-2,781,033 Down ×2
SBUX Starbucks Corporation - Common Stock $30,166,540 0.42% 295,201 $2,510,057 Down ×2
COP ConocoPhillips Common Stock $29,275,135 0.40% 281,600 $-4,320,374 Up ×1
MLM Martin Marietta Materials, Inc. Common Stock $28,580,811 0.39% 49,559 $3,981,574 Up ×1
JANB Aptus January Buffer ETF $28,344,143 0.39% 1,040,916 Up ×1
NJUN Innovator Growth-100 Power Buffer ETF - June $28,299,821 0.39% 861,224 Up ×1
CSHI NEOS ETF Trust $28,157,652 0.39% 565,301 $2,750,459 Up ×4
LUV Southwest Airlines Company Common Stock $27,746,870 0.38% 539,612 $10,747,728 Up ×1
CHAT Tidal Trust II $27,569,037 0.38% 279,378 $4,792,786 Down ×1
QTUM Defiance Quantum ETF $27,311,090 0.38% 165,141 $6,473,727 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $26,855,451 0.37% 13,499 $7,543,596 Down ×1
XFIV BondBloxx ETF Trust $26,755,485 0.37% 549,620 $-46,652,816 Down ×1
CRPT First Trust Exchange-Traded Fund VIII $26,588,077 0.37% 2,340,500 $1,409,057 Up ×6
NEE NextEra Energy, Inc. Common Stock $26,381,111 0.36% 300,571 $3,391,782 Up ×1
PCMM BondBloxx Private Credit CLO ETF $26,242,862 0.36% 526,172 $-12,734,572 Down ×1
LOUP Innovator Deepwater Frontier Tech ETF $26,056,012 0.36% 264,367 $6,213,810 Down ×1
PRIV SSGA Active Trust $25,811,479 0.36% 1,025,282 $3,226,373 Up ×3
COST Costco Wholesale Corporation - Common Stock $25,804,551 0.36% 27,585 $586,384 Up ×1
NOW ServiceNow, Inc. Common Stock $25,768,818 0.36% 259,557 $6,375,526 Up ×4
IMAR Innovator International Developed Power Buffer ETF March $25,618,591 0.35% 841,471
DXCM DexCom, Inc. - Common Stock $25,090,689 0.35% 372,542 $5,041,238 Up ×1
SPTL State Street SPDR Portfolio Long Term Treasury ETF $25,010,346 0.35% 953,502 $3,958,215 Up ×4
KLAC KLA Corporation - Common Stock $24,762,859 0.34% 82,075 $12,281,210 Up ×1
EQIX Equinix, Inc. - Common Stock $23,511,931 0.32% 22,556 $1,320,766 Down ×2
MLPA Global X Funds $23,150,515 0.32% 436,144 $428,083 Up ×1
ECL Ecolab Inc. Common Stock $22,218,726 0.31% 79,748 $-2,483,065 Down ×2
KEY KeyCorp Common Stock $22,124,370 0.31% 959,843 $3,070,530 Up ×3
WCN Waste Connections, Inc. Common Shares $22,097,139 0.30% 132,564 $-1,435,576 Down ×2
TXN Texas Instruments Incorporated - Common Stock $21,925,659 0.30% 73,559 $7,134,692 Down ×2
EXR Extra Space Storage Inc Common Stock $21,845,931 0.30% 150,351 $495,766 Down ×4
ROK Rockwell Automation, Inc. Common Stock $21,640,234 0.30% 43,711 $4,703,846 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYM $393,245,815 5.43% up ×5
DMBS $151,249,687 2.09% up ×5
AVDE $128,950,206 1.78% up ×6
JMBS $120,967,618 1.67% up ×4
SEPU $119,857,248 1.65% up ×3
RECS $104,361,831 1.44% up ×5
IETC $92,106,293 1.27% up ×5
XTEN $86,817,573 1.20% up ×6
XSVN $69,992,219 0.97% up ×6
JPM $67,413,030 0.93% up ×6
PRFD $62,218,556 0.86% up ×5
AVUS $61,926,932 0.85% up ×5
FEBT $56,724,065 0.78% up ×4
XLF $56,180,011 0.78% up ×5
MUB $51,094,284 0.70% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XTWY $44,325,582 1,180,913 0.61%
Unknown issuer (CUSIP: 45784N197) $42,542,203 2,194,028 0.59%
AGGH $37,474,609 1,857,938 0.52%
FOXY $35,354,861 1,186,803 0.49%
AIS $33,814,410 396,371 0.47%
CRWD $33,474,373 43,864 0.46%
JANB $28,344,143 1,040,916 0.39%
NJUN $28,299,821 861,224 0.39%
IMAR $25,618,591 841,471 0.35%
TSCO $15,567,607 492,490 0.21%
KMAY $14,438,703 475,270 0.20%
Unknown issuer (CUSIP: 87975E776) $10,529,465 346,592 0.15%
VYMI $5,118,577 52,124 0.07%
AAL $2,844,417 157,411 0.04%
AYI $2,752,631 7,308 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Bought more +276K +$71.9M
NVDA Bought more +219K +$62.8M
XTEN Bought more +1.0M +$47.4M
XFIV Trimmed -944K -$46.7M
SPAB Trimmed -1.4M -$35.1M
LRCX Bought more +6K +$34.3M
PANW Trimmed -4K +$31.0M
GLDM Trimmed -111K -$30.4M
IETC Bought more +134K +$28.1M
SEPU Bought more +489K +$25.5M

3 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
JUNW June 30, 2025 1,456,177 $43,295,928
DDTL June 30, 2026 1,866,754 $38,604,473
NAUG June 30, 2026 1,239,641 $35,885,004
BTCO June 30, 2026 466,647 $31,484,673
SIVR March 31, 2026 462,030 $31,251,709
AZEK Sept. 30, 2025 496,802 $27,001,189 No longer tracked
JULT June 30, 2026 589,481 $25,913,113
ISEP June 30, 2026 787,334 $25,816,682
ARKW June 30, 2026 204,809 $24,701,962
INTU Sept. 30, 2025 28,736 $22,633,474 -58.8%
UBER Dec. 31, 2025 200,356 $19,628,877 -16.6%
ZBH Dec. 31, 2025 194,446 $19,152,912 -1.8%
VRTX June 30, 2026 41,736 $18,636,793 1.6%
CAH Sept. 30, 2025 105,601 $17,740,908 45.5%
BALT June 30, 2025 559,401 $17,554,003
LHX Dec. 31, 2025 53,156 $16,234,370 -19.4%
WELL Dec. 31, 2025 87,143 $15,523,656 22.7%
PODD June 30, 2026 72,658 $15,246,555 -13.5%
NYT Sept. 30, 2025 262,412 $14,689,828 9.2%
FLEX June 30, 2026 220,241 $14,416,976 -28.0%
ARES Sept. 30, 2025 82,364 $14,265,461 -26.5%
IGSB June 30, 2026 265,063 $13,931,730
AMT Sept. 30, 2025 62,551 $13,824,992 -15.7%
IMAR June 30, 2025 513,276 $13,576,150
XEL Sept. 30, 2025 198,030 $13,485,863 -11.5%
CB Sept. 30, 2025 46,515 $13,476,293 17.2%
KAUG June 30, 2026 490,718 $13,155,463
IPG June 30, 2025 483,619 $13,135,099 No longer tracked
CI Sept. 30, 2025 39,613 $13,095,182 -6.1%
PZZA Dec. 31, 2025 270,743 $13,036,280 -49.5%
CME Dec. 31, 2025 47,990 $12,966,427 -3.6%
ICE Dec. 31, 2025 75,693 $12,752,795 -7.3%
GIS Dec. 31, 2025 252,807 $12,746,529 -31.2%
MOS Dec. 31, 2025 365,570 $12,677,984 -12.5%
MCO Dec. 31, 2025 25,654 $12,223,618 -13.6%
KVUE Sept. 30, 2025 578,923 $12,116,853 6.0%
BX Sept. 30, 2025 78,891 $11,800,468 -34.6%
BALL Dec. 31, 2025 231,363 $11,665,314 6.4%
AVY Dec. 31, 2025 70,956 $11,506,947 -6.6%
EOCT June 30, 2025 418,749 $11,155,473
ACN Dec. 31, 2025 44,191 $10,897,519 -25.9%
KJUL June 30, 2025 368,120 $10,294,697
STZ Sept. 30, 2025 61,244 $9,963,153 -16.2%
WEN Sept. 30, 2025 836,626 $9,554,266 -33.2%
MORT March 31, 2026 706,782 $7,428,280
MLPD Sept. 30, 2025 293,881 $7,385,219
JPRE Sept. 30, 2025 154,278 $7,349,781
PPLT Sept. 30, 2025 44,523 $5,470,541 8.0%
IBTF Dec. 31, 2025 182,445 $4,262,836 No longer tracked
BSCP Dec. 31, 2025 159,382 $3,297,613 No longer tracked
NJAN Dec. 31, 2025 51,625 $2,745,985
HLT June 30, 2026 8,054 $2,449,061 -3.4%
JANT Dec. 31, 2025 61,544 $2,448,011
CTRA June 30, 2026 64,845 $2,278,659 No longer tracked
FFIV June 30, 2025 8,535 $2,272,614 54.3%
RYAAY March 31, 2026 30,668 $2,213,923 -4.8%
WBD June 30, 2026 80,088 $2,199,216 16.1%
TTWO June 30, 2026 10,862 $2,145,245 -18.9%
JANW Dec. 31, 2025 52,357 $1,892,182
TM March 31, 2026 8,812 $1,886,297 -11.9%
TTE March 31, 2026 28,666 $1,875,306 -7.2%
NJUL Dec. 31, 2025 26,134 $1,858,297
NOCT Dec. 31, 2025 31,371 $1,782,187
SNY March 31, 2026 34,816 $1,687,183 -17.1%
OCTT Dec. 31, 2025 38,429 $1,637,652
RELX March 31, 2026 37,473 $1,514,659 0.8%
OCTW Dec. 31, 2025 38,106 $1,460,622
BJAN Dec. 31, 2025 27,233 $1,443,774
RDDT June 30, 2026 10,718 $1,443,179 -14.8%
NAPR Dec. 31, 2025 25,105 $1,321,793
BLD June 30, 2026 3,753 $1,318,429 No longer tracked
APRT Dec. 31, 2025 28,139 $1,145,457
BOCT Dec. 31, 2025 20,765 $1,005,441
HOOD Dec. 31, 2025 6,873 $984,076 -0.3%
APRW Dec. 31, 2025 27,853 $953,408
RSSL June 30, 2025 12,022 $944,816
JULW Dec. 31, 2025 21,969 $843,720
PJUL Dec. 31, 2025 18,370 $837,672
HON June 30, 2026 3,419 $772,797 -4.4%
BBSC June 30, 2025 12,397 $750,266
NVO Dec. 31, 2025 11,872 $658,777 -26.7%
BSJP Dec. 31, 2025 27,788 $640,798 No longer tracked
XBJA Dec. 31, 2025 19,370 $606,124
XBOC Dec. 31, 2025 12,206 $400,364
FDX Sept. 30, 2025 1,716 $390,124 23.1%
CMA Dec. 31, 2025 5,656 $387,549 No longer tracked
QFLR Dec. 31, 2025 10,823 $358,782
CEF June 30, 2026 7,432 $354,655
SFLR Dec. 31, 2025 9,502 $342,357
ARCC Sept. 30, 2025 15,588 $342,313 -7.6%
SPSM June 30, 2025 8,390 $341,976
MA March 31, 2026 594 $339,103 10.5%
JAJL Dec. 31, 2025 11,313 $324,117
PFEB June 30, 2025 8,993 $322,129
ULST March 31, 2026 7,952 $322,096
SPHB Sept. 30, 2025 3,172 $309,365
MEC June 30, 2026 17,104 $307,017 -56.1%
SRLN June 30, 2026 7,416 $297,665
VCSH June 30, 2026 3,719 $294,805
PFF Sept. 30, 2025 9,595 $294,375
SPYG June 30, 2026 2,853 $279,353
GE Sept. 30, 2025 1,025 $263,764 2.9%
HELO June 30, 2026 4,097 $261,842
CRM March 31, 2026 966 $255,903 25.7%
ENB Dec. 31, 2025 4,835 $243,998 -3.9%
SPYG Dec. 31, 2025 2,307 $241,133
JKHY June 30, 2026 1,500 $237,060 3.5%
GBUY June 30, 2025 7,187 $236,464
JBL June 30, 2026 886 $235,348 -21.0%
QLD March 31, 2026 3,328 $234,324 60.9%
JSI Sept. 30, 2025 4,376 $230,265
TJUL June 30, 2026 7,826 $229,784
O Sept. 30, 2025 3,978 $229,173 -11.0%
JBL Sept. 30, 2025 1,026 $223,771 40.2%
GUSH June 30, 2026 5,000 $221,100 34.8%
BBRE June 30, 2025 2,340 $219,983
ADP June 30, 2025 703 $214,788 -16.4%
NNN Sept. 30, 2025 4,927 $212,748 -3.8%
BSJR Sept. 30, 2025 9,336 $211,977
BAPR June 30, 2026 4,300 $210,614
XBAP June 30, 2026 5,312 $207,931
BFEB June 30, 2025 4,992 $207,319
DAL Sept. 30, 2025 4,199 $206,509 48.2%
SPLV June 30, 2026 2,823 $206,452
CPK June 30, 2025 1,605 $206,130 6.0%
CEG March 31, 2026 582 $205,603 -7.8%
DTE Dec. 31, 2025 1,441 $203,801 -3.5%
QUAL June 30, 2026 1,061 $203,532
SCHV Sept. 30, 2025 7,282 $201,493 16.1%
RSP Dec. 31, 2025 1,062 $201,461 10.2%
SPTM June 30, 2025 2,962 $201,446
SPLV Dec. 31, 2025 2,735 $200,962
PSX Dec. 31, 2025 1,473 $200,422 105.0%
VBK March 31, 2026 663 $200,299
F Dec. 31, 2025 15,404 $184,227 -7.8%
BSET Dec. 31, 2025 10,233 $160,044 23.6%
MBS March 31, 2026 11,101 $97,081
ACP Sept. 30, 2025 11,721 $69,154 -23.1%
VERU (filed as VERUXXXX) Sept. 30, 2025 17,377 $10,110 -33.9%