Sector breakdown

04
Financials 9.1%
Technology 5.6%
Retail 4.3%
Industrials 4.1%
Communication Services 3.3%
Energy 2.7%
Healthcare 2.5%
Utilities 1.2%
Consumer Discretionary 0.9%
Consumer Staples 0.8%
Consumer products 0.1%
Real Estate 0.1%
Materials 0.1%
Other/Unmapped 65.2%

Full portfolio 702 positions

05
Type Streak 8Q trend
IVV iShares Trust $563,222,389 19.33% 752,076 $120,277,816 Up ×3
SPHQ Invesco S&P 500 Quality ETF $448,589,366 15.40% 4,978,794 $96,043,460 Up ×3
IEFA iShares Core MSCI EAFE ETF $342,272,943 11.75% 3,543,932 $62,863,413 Up ×5
PHYS Sprott Physical Gold Trust ETV $141,999,329 4.87% 4,706,640 $-27,916,156 Down ×2
IEMG iShares, Inc. $96,078,232 3.30% 1,159,805 $26,124,520 Up ×5
IWS iShares Russell Mid-Cap Value ETF $87,971,431 3.02% 534,456 $8,474,429 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $81,545,153 2.80% 230,790 $13,128,919 Down ×4
AAPL Apple Inc. - Common Stock $69,705,730 2.39% 240,896 $7,863,804 Down ×3
MSFT Microsoft Corporation - Common Stock $65,080,228 2.23% 174,468 $8,889,327 Up ×1
JNJ Johnson & Johnson Common Stock $62,172,905 2.13% 244,804 $1,293,419 Down ×3
RTX RTX Corporation Common Stock $59,347,482 2.04% 312,800 $-2,398,323 Down ×5
BN Brookfield Corporation Class A Limited Voting Shares $52,919,797 1.82% 1,242,540 $2,327,056 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $49,401,678 1.70% 98,726 $1,172,905 Down ×3
AMZN Amazon.com, Inc. - Common Stock $46,987,472 1.61% 197,145 $5,070,938 Down ×2
MA Mastercard Incorporated Common Stock $45,666,958 1.57% 88,915 $1,024,902 Down ×2
WMT Walmart Inc. - Common Stock $42,478,684 1.46% 375,055 $-4,930,208 Down ×3
JPM JP Morgan Chase & Co. Common Stock $40,308,249 1.38% 123,143 $3,437,798 Down ×2
ITOT iShares Trust $40,096,832 1.38% 244,091 $3,376,666 Down ×2
COP ConocoPhillips Common Stock $39,782,108 1.37% 382,667 $-12,249,180 Down ×2
PGR Progressive Corporation (The) Common Stock $37,127,274 1.27% 169,958 $4,433,503 Up ×1
UNP Union Pacific Corporation Common Stock $35,314,731 1.21% 129,834 $2,950,783 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $31,825,459 1.09% 251,426 $-1,922,471 Down ×4
HD Home Depot, Inc. (The) Common Stock $28,901,830 0.99% 81,949 $1,301,044 Down ×2
VT Vanguard Total World Stock Index ETF $25,827,064 0.89% 164,556 $3,034,556 Down ×2
VOO Vanguard S&P 500 ETF $25,553,317 0.88% 37,206 $3,075,462 Down ×1
MCD McDonald's Corporation Common Stock $25,531,301 0.88% 94,452 $-4,642,476 Down ×2
WMB Williams Companies, Inc. (The) Common Stock $23,678,464 0.81% 318,516 $393,204 Down ×2
ACWX iShares MSCI ACWI ex U.S. ETF $23,515,783 0.81% 308,971 $2,360,539
MKL Markel Group Inc. Common Stock $14,202,289 0.49% 7,272 $283,172
SPY SPY $13,078,183 0.45% 17,513 $1,917,048 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $12,618,568 0.43% 343,269 $-389,651 Down ×3
PM Philip Morris International Inc Common Stock $11,086,342 0.38% 61,281 $253,164 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $10,982,727 0.38% 30,732 $3,051,461 Up ×1
IVW iShares S&P 500 Growth ETF $7,746,229 0.27% 56,324 $881,781 Down ×1
VIG Vanguard Div Appreciation ETF $7,340,899 0.25% 31,024 $28,644 Down ×6
XLK SELECT SECTOR SPDR TRUST $6,259,535 0.21% 32,855 $1,914,237 Up ×1
MO Altria Group, Inc. $5,430,926 0.19% 75,482 $39,861 Down ×6
AMAT Applied Materials, Inc. - Common Stock $4,744,326 0.16% 6,562 $2,914,724 Up ×2
ESGD iShares ESG Aware MSCI EAFE ETF $4,544,023 0.16% 44,198 $709,875 Up ×6
Unknown issuer (CUSIP: 30233Q108) $4,488,107 0.15% 32,827 Up ×1
GLDM SPDR Gold MiniShares Trust $4,460,307 0.15% 56,161 $1,658,103 Up ×3
IVE iShares Trust $4,327,309 0.15% 19,058 $303,212
OEF iShares Trust $4,194,700 0.14% 11,465 $536,259 Down ×1
V Visa Inc. $4,192,903 0.14% 12,221 $-335,257 Down ×3
IJJ iShares Trust $3,829,908 0.13% 28,654 $458,405
NVDA NVIDIA Corporation - Common Stock $3,690,373 0.13% 18,444 $533,120 Up ×1
CSX CSX Corporation - Common Stock $3,517,682 0.12% 74,010 $428,303 Down ×1
AVGO Broadcom Inc. - Common Stock $3,365,328 0.12% 8,909 $1,650,643 Up ×2
MU Micron Technology, Inc. - Common Stock $3,268,949 0.11% 2,832 $2,578,404 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $2,939,921 0.10% 6,156 $2,006,165 Up ×2
VO Vanguard Morningstar Mid-Cap ETF $2,487,360 0.09% 30,872 $134,201 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $2,392,477 0.08% 18,619 $-3,576,168 Down ×3
ESGE iShares ESG Aware MSCI EM ETF $2,256,060 0.08% 41,252 $350,027 Down ×1
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,246,550 0.08% 3 $92,130
LOW Lowe's Companies, Inc. Common Stock $2,099,506 0.07% 9,522 $-236,147 Down ×2
COST Costco Wholesale Corporation - Common Stock $2,099,195 0.07% 2,244 $-188,608 Down ×1
J Jacobs Solutions Inc. Common Stock $2,027,592 0.07% 16,092 $-128,277 Down ×1
VTI Vanguard Morningstar Total Stock Market ETF $2,019,984 0.07% 5,459 $298,115 Up ×1
RJF Raymond James Financial, Inc. Common Stock $2,004,668 0.07% 13,186 $95,467
CSCO Cisco Systems, Inc. - Common Stock $1,997,995 0.07% 17,010 $735,451 Up ×1
ABBV AbbVie Inc. Common Stock $1,905,883 0.07% 7,574 $367,942 Up ×2
PEP PepsiCo, Inc. - Common Stock $1,820,940 0.06% 13,449 $-397,155 Down ×5
TFC Truist Financial Corporation Common Stock $1,799,788 0.06% 36,126 $141,391 Up ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $1,742,014 0.06% 30,118 $18,358 Up ×1
TT Trane Technologies plc $1,677,311 0.06% 3,415 $254,144
GE GE Aerospace Common Stock $1,659,361 0.06% 4,440 $407,084 Up ×3
EFA iShares Trust $1,494,059 0.05% 14,383 $153,056 Up ×1
IWB iShares Russell 1000 ETF $1,452,906 0.05% 3,548 $187,831
META Meta Platforms, Inc. - Class A Common Stock $1,427,226 0.05% 2,534 $200,779 Up ×2
KO Coca-Cola Company (The) Common Stock $1,414,836 0.05% 17,409 $88,388 Down ×1
DFAC Dimensional ETF Trust $1,404,349 0.05% 31,658 $174,119
XLE SELECT SECTOR SPDR TRUST $1,398,652 0.05% 26,335 $-214,630
QQQ Invesco QQQ Trust, Series 1 $1,375,595 0.05% 1,868 $383,423 Up ×2
PG Procter & Gamble Company (The) Common Stock $1,361,611 0.05% 9,285 $-7,361 Down ×2
IBM International Business Machines Corporation Common Stock $1,310,720 0.04% 4,661 $290,016 Up ×3
VGT Vanguard Information Tech ETF $1,304,025 0.04% 10,911 $504,171 Up ×3
CAT Caterpillar, Inc. Common Stock $1,302,373 0.04% 1,223 $435,926
GEV GE Vernova Inc. Common Stock $1,298,220 0.04% 1,105 $338,903 Up ×2
BAC Bank of America Corporation Common Stock $1,254,985 0.04% 22,025 $271,454 Up ×3
CVX Chevron Corporation Common Stock $1,247,352 0.04% 7,525 $-362,340 Down ×3
LLY Eli Lilly and Company Common Stock $1,224,618 0.04% 1,021 $230,347 Down ×1
INTC Intel Corporation - Common Stock $1,214,502 0.04% 8,698 $830,659
VALQ American Century U.S. Quality Value ETF $1,204,212 0.04% 17,274 $81,018
ORCL Oracle Corporation Common Stock $1,176,400 0.04% 8,027 $101,129 Up ×1
NUMV Nushares ETF Trust $1,170,500 0.04% 26,914 $129,361 Up ×4
MS Morgan Stanley Common Stock $1,146,420 0.04% 5,484 $244,488 Up ×5
UVV Universal Corporation Common Stock $1,145,786 0.04% 21,963 $164,623 Up ×5
APH Amphenol Corporation Common Stock $1,133,385 0.04% 6,428 $241,859 Down ×2
D Dominion Energy, Inc. Common Stock $1,122,953 0.04% 16,444 $210,884 Up ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $1,085,200 0.04% 1,073 $177,453
GLD SPDR Gold Shares $1,028,149 0.04% 2,791 $52,251 Up ×2
VTV Vanguard Morningstar Value ETF $1,020,566 0.04% 4,683 $140,217 Up ×1
GLW Corning Incorporated Common Stock $988,514 0.03% 3,870 $470,740 Up ×1
IWR iShares Russell Mid-Cap ETF $970,926 0.03% 8,801 $115,205
NSC Norfolk Southern Corporation Common Stock $929,304 0.03% 2,954 $51,412 Down ×2
ELV Elevance Health, Inc. Common Stock $907,655 0.03% 2,347 $192,467 Down ×3
XLF SELECT SECTOR SPDR TRUST $906,491 0.03% 16,909 $71,694
AUB Atlantic Union Bankshares Corporation Common Stock $899,849 0.03% 21,268 $146,128 Up ×1
MAR Marriott International - Class A Common Stock $874,963 0.03% 2,361 $256,474 Up ×1
MINT PIMCO ETF Trust $873,015 0.03% 8,660 $-141,418 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IVV $563,222,389 19.33% up ×3
SPHQ $448,589,366 15.40% up ×3
IEFA $342,272,943 11.75% up ×5
IEMG $96,078,232 3.30% up ×5
ESGD $4,544,023 0.16% up ×6
GLDM $4,460,307 0.15% up ×3
GE $1,659,361 0.06% up ×3
IBM $1,310,720 0.04% up ×3
VGT $1,304,025 0.04% up ×3
BAC $1,254,985 0.04% up ×3
NUMV $1,170,500 0.04% up ×4
MS $1,146,420 0.04% up ×5
UVV $1,145,786 0.04% up ×5
D $1,122,953 0.04% up ×5
UBSI $611,551 0.02% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $4,488,107 32,827 0.15%
AIQUY $610,558 15,465 0.02%
BBVA $558,537 22,288 0.02%
TECK $442,858 7,448 0.02%
CFG $409,910 5,850 0.01%
KKPNY $388,350 77,670 0.01%
AIZ $361,978 1,348 0.01%
SHECY $356,667 16,459 0.01%
MTB $347,495 1,460 0.01%
IDEXY $315,305 19,994 0.01%
SHEL $309,927 3,997 0.01%
Unknown issuer (CUSIP: 438516205) $272,262 1,216 0.01%
Unknown issuer (CUSIP: 43849R105) $268,612 1,215 0.01%
BNPQY $263,439 4,521 0.01%
GBOOY $237,685 4,511 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +74K +$120.3M
SPHQ Bought more +290K +$96.0M
IEFA Bought more +458K +$62.9M
PHYS Trimmed -88K -$27.9M
IEMG Bought more +157K +$26.1M
GOOG Trimmed -8K +$13.1M
COP Trimmed -12K -$12.2M
MSFT Bought more +23K +$8.9M
IWS Trimmed -11K +$8.5M
AAPL Trimmed -3K +$7.9M

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 31,893 $5,410,966 20.3%
FRFHF March 31, 2026 2,677 $5,108,690 No longer tracked
MINT Sept. 30, 2025 10,198 $1,025,304
MSTR Sept. 30, 2025 2,221 $897,795 -48.9%
HON June 30, 2026 2,435 $550,333 -4.9%
PLYM Sept. 30, 2025 32,674 $524,744 No longer tracked
IWP June 30, 2026 3,500 $448,420 -2.0%
DEO March 31, 2026 4,086 $352,499 13.9%
NOC March 31, 2026 530 $302,211 -29.2%
NTAP March 31, 2026 2,730 $292,356 123.1%
STX March 31, 2026 1,050 $289,160 105.6%
ROP June 30, 2026 539 $190,731 7.1%
IQV June 30, 2026 1,009 $172,075 34.6%
LOWV March 31, 2026 2,105 $164,948
FICO June 30, 2026 132 $140,915 -41.8%
UL (filed as ULXXXX) Dec. 31, 2025 2,274 $134,803 -7.0%
XBI June 30, 2025 1,577 $127,895 82.0%
IJH June 30, 2025 2,170 $126,620 17.7%
VCSH June 30, 2026 1,564 $123,978
GPC March 31, 2026 1,000 $122,960 20.5%
VNQ March 31, 2026 1,246 $110,259
NSRGY March 31, 2026 1,075 $106,189 No longer tracked
VIS June 30, 2025 357 $88,375
TOST Dec. 31, 2025 2,200 $80,322 -14.8%
BKNG June 30, 2026 16 $67,365 -11.6%
IYR March 31, 2026 700 $65,723 0.7%
CME June 30, 2026 217 $64,091 22.3%
XPH June 30, 2026 1,115 $60,310
DES March 31, 2026 1,769 $59,173
UAL June 30, 2026 629 $57,912 -17.7%
BITX March 31, 2026 2,000 $55,480
RSG June 30, 2026 248 $54,317 0.8%
LDOS June 30, 2026 342 $53,188 13.3%
ALL June 30, 2026 246 $51,006 -5.7%
MRNA June 30, 2026 1,000 $50,800 167.7%
HUM March 31, 2026 195 $49,945 133.2%
VWOB June 30, 2026 760 $49,924
HSIC June 30, 2026 611 $45,031 1.6%
AEE June 30, 2026 408 $44,847 -10.0%
DFS June 30, 2025 260 $44,347 No longer tracked
AVB Dec. 31, 2025 228 $44,043 No longer tracked
FWONK March 31, 2026 436 $42,950 12.4%
AMCR June 30, 2026 1,048 $41,658 -3.6%
PFF June 30, 2026 1,362 $41,296
LNKB June 30, 2026 4,938 $41,183 No longer tracked
MKTX June 30, 2026 235 $38,770 44.5%
DD June 30, 2026 824 $37,739 -1.7%
UHS June 30, 2026 204 $36,510 19.1%
DELL March 31, 2026 285 $35,876 249.7%
LCID (filed as LCIDXXXX) Sept. 30, 2025 16,500 $34,815 -82.5%
VOOG June 30, 2026 85 $34,654 6.3%
TROW Sept. 30, 2025 346 $33,345 0.9%
AGOX June 30, 2025 1,226 $29,995
EG March 31, 2026 80 $27,148 12.2%
OBDC June 30, 2026 2,400 $26,544 -7.7%
EMN June 30, 2026 345 $26,330 -4.3%
ZM March 31, 2026 300 $25,887 17.2%
CGBD June 30, 2026 2,100 $22,974 -0.3%
PSX June 30, 2025 182 $22,473 126.1%
MDU June 30, 2025 1,300 $21,983 13.7%
PPG Dec. 31, 2025 203 $21,337 4.0%
UNH Dec. 31, 2025 60 $20,867 14.0%
FIS March 31, 2026 312 $20,736 -28.8%
IWY June 30, 2026 83 $20,654
CNC June 30, 2026 597 $19,546 0.7%
LW Dec. 31, 2025 333 $19,341 14.4%
HOLX March 31, 2026 247 $18,399 No longer tracked
JEPI June 30, 2026 314 $17,798
SPR Dec. 31, 2025 425 $16,405 No longer tracked
ESGV June 30, 2026 146 $16,391
HAL June 30, 2026 400 $15,596 -3.6%
GIS June 30, 2026 400 $14,888 -7.5%
KOS June 30, 2026 4,995 $13,886 23.2%
SKT June 30, 2026 406 $13,796 -11.5%
EXR March 31, 2026 100 $13,022 2.1%
AKAM March 31, 2026 148 $12,913 -5.4%
VOX June 30, 2026 69 $12,409
COO June 30, 2026 162 $11,583 -21.3%
SOXX June 30, 2025 60 $11,290 146.9%
VSGX June 30, 2026 150 $10,760
FOUR March 31, 2026 167 $10,516 -12.0%
QYLD June 30, 2026 536 $9,192
HASI Sept. 30, 2025 300 $8,058 19.1%
DVN March 31, 2026 200 $7,326 -4.6%
RYLD June 30, 2026 429 $6,414
FDX Dec. 31, 2025 26 $6,131 0.1%
ADM March 31, 2026 90 $5,174 13.1%
BERY June 30, 2025 70 $4,887 No longer tracked
GHI June 30, 2026 972 $4,782 -9.8%
TTEC June 30, 2026 1,850 $4,625 -30.4%
MICC March 31, 2026 291 $4,612 14.9%
APTV June 30, 2026 62 $4,305 -27.1%
AMCR Dec. 31, 2025 507 $4,147 0.2%
SPYX June 30, 2025 87 $3,985 25.4%
WAT June 30, 2026 13 $3,871 16.4%
OWL March 31, 2026 253 $3,780 -0.7%
A Dec. 31, 2025 28 $3,594 24.4%
SCHE June 30, 2025 129 $3,558
GUNR Dec. 31, 2025 80 $3,502
SDZNY March 31, 2026 47 $3,420 No longer tracked
XSOE Dec. 31, 2025 84 $3,187
GPIQ June 30, 2026 63 $3,118
GPIX June 30, 2026 62 $3,102
WCEO June 30, 2026 90 $2,996
SJM Sept. 30, 2025 30 $2,946 7.6%
KR Sept. 30, 2025 39 $2,797 -13.4%
VNQI Dec. 31, 2025 54 $2,578
VTIP Dec. 31, 2025 49 $2,481
HYLB Dec. 31, 2025 66 $2,449 -3.6%
PFG Sept. 30, 2025 29 $2,303 32.3%
RYN March 31, 2026 98 $2,122 -12.3%
ANSS Sept. 30, 2025 6 $2,107 No longer tracked
EMXC Dec. 31, 2025 31 $2,093
SMMV June 30, 2025 48 $2,001
AGRO June 30, 2025 169 $1,888 18.4%
KMI Dec. 31, 2025 66 $1,868 17.0%
PTON Dec. 31, 2025 200 $1,800 -20.9%
CCL June 30, 2026 66 $1,708 -7.0%
EMLC Dec. 31, 2025 63 $1,607
PPL Dec. 31, 2025 43 $1,598 -3.8%
ADYEY March 31, 2026 100 $1,597 No longer tracked
USIG Dec. 31, 2025 30 $1,567
VGSH Dec. 31, 2025 26 $1,530
ST Dec. 31, 2025 50 $1,528 31.9%
ICE Sept. 30, 2025 8 $1,468 -8.9%
VNQI June 30, 2025 36 $1,466
BAH June 30, 2026 18 $1,405 12.3%
SPSM Dec. 31, 2025 30 $1,390 15.2%
VXF June 30, 2025 8 $1,378 23.1%
MGM Sept. 30, 2025 40 $1,376 -11.9%
HLN June 30, 2026 123 $1,231 -4.9%
BYLD June 30, 2025 53 $1,186
DFCF June 30, 2025 26 $1,097
FMCC June 30, 2025 200 $1,070 No longer tracked
AMLP June 30, 2025 20 $1,025
SCHQ June 30, 2026 31 $974
DBOEY March 31, 2026 37 $973 No longer tracked
FNB Sept. 30, 2025 63 $919 7.3%
SPHD Sept. 30, 2025 17 $809
HWMPR Dec. 31, 2025 12 $797 No longer tracked
FLRN Dec. 31, 2025 25 $772
CURLF June 30, 2026 356 $765 No longer tracked
ALC June 30, 2026 10 $754 -5.8%
VMBS Dec. 31, 2025 16 $751
SPMD Dec. 31, 2025 13 $743 11.9%
VGIT June 30, 2025 12 $713
AFRM June 30, 2026 15 $687 -8.2%
BHF Sept. 30, 2025 11 $591 -5.7%
VBFC June 30, 2025 7 $561 No longer tracked
BINC June 30, 2025 8 $419
VGLT June 30, 2025 6 $346
VCLT June 30, 2025 4 $304
NTDOY March 31, 2026 15 $253 No longer tracked
MAGN Dec. 31, 2025 19 $223 -22.7%
YETI Sept. 30, 2025 7 $221 21.3%
PII Sept. 30, 2025 4 $163 -9.2%
SFGYY March 31, 2026 18 $94 No longer tracked
ZIMV Dec. 31, 2025 4 $76 No longer tracked
HNST Sept. 30, 2025 3 $15 36.7%
USHY Sept. 30, 2025 0 $8 -5.5%
CCI Dec. 31, 2025 0 $6 -23.2%
CVM June 30, 2025 28 $6 No longer tracked
BIGGQ March 31, 2026 5 $0 No longer tracked
NVBG June 30, 2026 28 $0 No longer tracked
PGNPQ March 31, 2026 200 $0 No longer tracked
PHAR June 30, 2026 12,398 $0 -30.3%
SFTGQ March 31, 2026 14 $0 No longer tracked