Sector breakdown

04
Financials 2.6%
Technology 1.9%
Healthcare 1.5%
Industrials 1.4%
Retail 1.0%
Consumer Staples 0.6%
Utilities 0.4%
Energy 0.4%
Materials 0.3%
Communication Services 0.3%
Consumer products 0.1%
Real Estate 0.1%
Consumer Discretionary 0.1%
Other/Unmapped 89.3%

Full portfolio 183 positions

05
Type Streak 8Q trend
IEI iShares 3-7 Year Treasury Bond ETF $26,613,821 17.29% 226,598 $-189,456 Up ×5
IVV iShares Trust $17,902,854 11.63% 23,906 $1,991,409 Down ×5
SPHQ Invesco S&P 500 Quality ETF $14,846,770 9.64% 164,782 $2,634,513 Up ×1
DYNF BlackRock ETF Trust $10,881,669 7.07% 160,002 $2,012,308 Up ×4
DGRO iShares Trust $9,344,884 6.07% 123,301 $862,662 Up ×6
IETC iShares U.S. Tech Independence Focused ETF $8,240,022 5.35% 76,759 $1,733,099 Up ×4
VIG Vanguard Div Appreciation ETF $8,122,833 5.28% 34,329 $736,903 Down ×2
QUAL iShares Trust $5,058,476 3.29% 23,053 $-216,058 Down ×6
VOO Vanguard S&P 500 ETF $4,988,909 3.24% 7,264 $622,110 Down ×6
IGEB iShares Investment Grade Systematic Bond ETF $4,946,127 3.21% 109,648 $42,606 Up ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $4,890,843 3.18% 97,390 $66,828 Up ×5
VTI Vanguard Morningstar Total Stock Market ETF $4,340,075 2.82% 11,729 $577,416
SPY SPY $2,569,624 1.67% 3,441 $315,592 Down ×4
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,246,550 1.46% 3 $92,130
IWF iShares Russell 1000 Growth Fund $1,941,021 1.26% 15,632 $-276,628 Up ×1
IUSB iShares Core Universal USD Bond ETF $1,936,705 1.26% 41,966 $-60,967 Down ×6
USMV iShares MSCI USA Min Vol Factor ETF $1,581,256 1.03% 16,393 $-58,470 Down ×6
BLCR iShares Large Cap Core Active ETF $1,502,018 0.98% 29,826 Up ×1
IDEF iShares Defense Industrials Active ETF $1,386,778 0.90% 43,651 Up ×1
AAPL Apple Inc. - Common Stock $1,318,277 0.86% 4,556 $657,916 Up ×1
SCHG SCHWAB STRATEGIC TRUST $1,103,690 0.72% 32,615 $46,971 Down ×1
MSFT Microsoft Corporation - Common Stock $811,665 0.53% 2,176 $318,985 Up ×3
IWD iShares Russell 1000 Value ETF $699,893 0.45% 2,887 $-360,548 Down ×1
VO Vanguard Morningstar Mid-Cap ETF $609,033 0.40% 7,560 $66,283 Up ×1
DVY iShares Select Dividend ETF $577,528 0.38% 3,695 $18,070
WMT Walmart Inc. - Common Stock $523,713 0.34% 4,624 $473,380 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $500,379 0.33% 3,894 $115,212 Up ×1
USB U.S. Bancorp Common Stock $463,872 0.30% 7,680 $38,512 Down ×1
ABBV AbbVie Inc. Common Stock $448,925 0.29% 1,784 $253,184 Up ×1
JNJ Johnson & Johnson Common Stock $409,142 0.27% 1,611 $55,929 Up ×1
JPM JP Morgan Chase & Co. Common Stock $380,672 0.25% 1,163 $112,997 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $378,750 0.25% 2,500 $-20,500
IQLT iShares Trust $358,170 0.23% 7,230 $24,003
CAT Caterpillar, Inc. Common Stock $346,092 0.22% 325 Up ×1
DE Deere & Company Common Stock $317,165 0.21% 500
XEL Xcel Energy Inc. - Common Stock $281,050 0.18% 3,500 $3,010
C Citigroup, Inc. Common Stock $279,920 0.18% 2,000 $53,100
RPG Invesco Exchange-Traded Fund Trust $275,193 0.18% 4,310 $73,744
ABT Abbott Laboratories Common Stock $254,072 0.17% 2,800 $33,333 Up ×1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF $247,039 0.16% 2,721 $31,917
NVDA NVIDIA Corporation - Common Stock $244,107 0.16% 1,220 $31,339
QQQ Invesco QQQ Trust, Series 1 $238,593 0.15% 324 $51,591
HD Home Depot, Inc. (The) Common Stock $226,414 0.15% 642 $118,873 Up ×1
WFC Wells Fargo & Company Common Stock $216,820 0.14% 2,624 $159,184 Up ×1
PEP PepsiCo, Inc. - Common Stock $216,640 0.14% 1,600 $61,351 Up ×1
TGT Target Corporation Common Stock $205,710 0.13% 1,575 $126,930 Up ×1
GGG Graco Inc. Common Stock $204,147 0.13% 2,700 $-24,408
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $203,964 0.13% 290 $25,104
SYY Sysco Corporation Common Stock $203,599 0.13% 2,436 $73,495 Up ×1
BAC Bank of America Corporation Common Stock $202,756 0.13% 3,559 $8,488 Down ×1
EMR Emerson Electric Company Common Stock $189,387 0.12% 1,323 $30,199 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $184,955 0.12% 445 $-16,627 Down ×2
FDVV FIDELITY COVINGTON TRUST $180,870 0.12% 3,000 $15,150
MO Altria Group, Inc. $179,875 0.12% 2,500 $80,890 Up ×1
MMM 3M Company Common Stock $178,101 0.12% 1,100 $18,348
ECL Ecolab Inc. Common Stock $167,160 0.11% 600 $7,554
IUSV iShares Core S&P U.S. Value ETF $165,225 0.11% 1,500 $11,850
SPDW State Street SPDR Portfolio Developed World ex-US ETF $161,770 0.11% 3,211 $15,188
TSM Taiwan Semiconductor Manufacturing Company Ltd. $159,030 0.10% 333 $46,493
XOM Exxon Mobil Corporation Common Stock $155,450 0.10% 1,137 $-61,205 Down ×1
PM Philip Morris International Inc Common Stock $144,728 0.09% 800
ORCL Oracle Corporation Common Stock $142,593 0.09% 973 Up ×1
IVW iShares S&P 500 Growth ETF $141,930 0.09% 1,032 $25,201
PRF Invesco Exchange-Traded Fund Trust $138,831 0.09% 2,570 $16,705
AEP American Electric Power Company, Inc. - Common Stock $136,810 0.09% 1,000 $71,270 Up ×1
MDT Medtronic plc. Ordinary Shares $133,912 0.09% 1,712 $-29,335 Down ×2
PG Procter & Gamble Company (The) Common Stock $129,189 0.08% 881 $-22,472 Down ×1
LFUS Littelfuse, Inc. - Common Stock $128,402 0.08% 282 $32,709
LNT Alliant Energy Corporation - Common Stock $127,785 0.08% 1,675 $7,587
O Realty Income Corporation Common Stock $123,900 0.08% 2,000 $1,540
NVT nVent Electric plc Ordinary Shares $122,797 0.08% 724 $37,163
PFE Pfizer, Inc. Common Stock $120,350 0.08% 5,000 $-20,000
CNQ Canadian Natural Resources Limited Common Stock $118,500 0.08% 3,000
CSCO Cisco Systems, Inc. - Common Stock $117,460 0.08% 1,000 Up ×1
VTV Vanguard Morningstar Value ETF $116,374 0.08% 534
ROK Rockwell Automation, Inc. Common Stock $111,393 0.07% 225 $30,645
TTC Toro Company (The) Common Stock $107,940 0.07% 1,108 $32,442 Up ×1
VONG Vanguard Russell 1000 Growth ETF $105,059 0.07% 822 Up ×1
ENTG Entegris, Inc. - Common Stock $98,923 0.06% 550 $34,441
TXN Texas Instruments Incorporated - Common Stock $92,401 0.06% 310 $32,218
GOOG Alphabet Inc. - Class C Capital Stock $91,862 0.06% 260 $17,281
MDLZ Mondelez International, Inc. - Class A Common Stock $89,825 0.06% 1,553 $32,195 Up ×1
DOV Dover Corporation Common Stock $89,712 0.06% 400 Up ×1
HRL Hormel Foods Corporation Common Stock $86,835 0.06% 3,500 $18,915 Up ×1
MOAT VanEck ETF Trust $86,598 0.06% 833 $-53,423 Down ×1
COP ConocoPhillips Common Stock $85,767 0.06% 825
BSX Boston Scientific Corporation Common Stock $85,360 0.06% 2,000 $-40,140
FFIV F5, Inc. - Common Stock $83,190 0.05% 200 Up ×1
IWM iShares Russell 2000 Index Fund $82,621 0.05% 275 $14,421
YUM Yum! Brands, Inc. $79,930 0.05% 500 Up ×1
LLY Eli Lilly and Company Common Stock $77,961 0.05% 65 $18,177
V Visa Inc. $77,193 0.05% 225 $9,192
PNR Pentair plc. Ordinary Share $76,650 0.05% 1,000 $-10,460
IJH iShares Trust $76,261 0.05% 989 $-36,835 Down ×1
CMCSA Comcast Corporation - Class A Common Stock $73,620 0.05% 3,000 $-12,480
CVX Chevron Corporation Common Stock $73,430 0.05% 443 $69,706 Up ×1
EMLP First Trust Exchange-Traded Fund IV $73,297 0.05% 1,685 $-253
HWKN Hawkins, Inc. - Common Stock $72,471 0.05% 510 $-5,865
DBEF DBX ETF Trust $67,741 0.04% 1,240 $6,485
KDP Keurig Dr Pepper Inc. - Common Stock $65,440 0.04% 2,000 $12,800

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IEI $26,613,821 17.29% up ×5
DYNF $10,881,669 7.07% up ×4
DGRO $9,344,884 6.07% up ×6
IETC $8,240,022 5.35% up ×4
VTIP $4,890,843 3.18% up ×5
MSFT $811,665 0.53% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BLCR $1,502,018 29,826 0.98%
IDEF $1,386,778 43,651 0.90%
CAT $346,092 325 0.22%
DE $317,165 500 0.21%
PM $144,728 800 0.09%
ORCL $142,593 973 0.09%
CNQ $118,500 3,000 0.08%
CSCO $117,460 1,000 0.08%
VTV $116,374 534 0.08%
VONG $105,059 822 0.07%
DOV $89,712 400 0.06%
COP $85,767 825 0.06%
FFIV $83,190 200 0.05%
YUM $79,930 500 0.05%
KO $65,016 800 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPHQ Bought more +2K +$2.6M
DYNF Bought more +8K +$2.0M
IVV Trimmed -453 +$2.0M
IETC Bought more +3K +$1.7M
DGRO Bought more +2K +$863K
VIG Trimmed -15 +$737K
AAPL Bought more +2K +$658K
VOO Trimmed -44 +$622K
VTI Price move only +0 +$577K
IWD Trimmed -2K -$361K

1 position 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
KLAC Sept. 30, 2025 200 $179,146 -80.8%
HON June 30, 2026 500 $113,015 -4.4%
IBM Dec. 31, 2025 357 $100,727 -24.8%
FIBK June 30, 2026 3,000 $100,170 -6.6%
NVS Sept. 30, 2025 825 $99,833 10.0%
PM Sept. 30, 2025 500 $91,065 15.6%
VTV Dec. 31, 2025 428 $79,817
DE Dec. 31, 2025 165 $75,447 47.6%
ENB Sept. 30, 2025 1,469 $66,560 -8.9%
AJG Sept. 30, 2025 200 $64,022 -27.0%
ADI Sept. 30, 2025 253 $60,219 69.8%
AMAT Sept. 30, 2025 301 $55,104 163.8%
SPEM Sept. 30, 2025 1,243 $53,113
PFF June 30, 2025 1,700 $52,224
MTB June 30, 2026 250 $51,680 -7.9%
WRB Sept. 30, 2025 675 $49,592 -10.0%
ACN March 31, 2026 180 $48,292 0.3%
COF Sept. 30, 2025 204 $43,403 -8.4%
ICSH June 30, 2025 850 $43,095
IUSV June 30, 2025 441 $40,699
LNG Sept. 30, 2025 150 $36,528 14.9%
PSX Sept. 30, 2025 302 $36,028 94.5%
NVO Sept. 30, 2025 500 $34,510 -32.7%
DFS June 30, 2025 201 $34,310 No longer tracked
IWR Sept. 30, 2025 366 $33,661 12.2%
OKE Sept. 30, 2025 400 $32,652 20.4%
NEAR June 30, 2025 600 $30,516
SCHD June 30, 2025 966 $26,999 25.3%
IWS June 30, 2025 203 $25,571 23.5%
IWN June 30, 2025 158 $23,854 35.3%
COR Sept. 30, 2025 75 $22,488 -1.1%
ULTA Dec. 31, 2025 40 $21,870 -10.1%
SHEL Sept. 30, 2025 300 $21,120 34.5%
BRK-B (filed as BRKB) June 30, 2026 39 $18,688 No longer tracked
EPD Sept. 30, 2025 600 $18,600 15.7%
SO June 30, 2025 200 $18,390 -8.8%
HWM June 30, 2025 136 $17,642 24.3%
FIS Sept. 30, 2025 180 $14,652 -50.8%
MCHP June 30, 2025 300 $14,520 15.6%
RY Sept. 30, 2025 100 $13,155 32.8%
BXMX March 31, 2026 875 $12,862 No longer tracked
CNQ Sept. 30, 2025 400 $12,556 51.6%
CHT Sept. 30, 2025 250 $11,652 5.8%
O June 30, 2025 200 $11,602 -6.0%
ET Sept. 30, 2025 600 $10,872 No longer tracked
WPC Sept. 30, 2025 160 $9,980 -4.5%
VSS Sept. 30, 2025 72 $9,676
COP Sept. 30, 2025 100 $8,974 34.0%
IWO June 30, 2025 34 $8,688
IRM June 30, 2025 100 $8,604 10.5%
HSY June 30, 2025 50 $8,551 -3.5%
ORI June 30, 2025 210 $8,236 -1.0%
SAFT June 30, 2025 100 $7,888 30.9%
PSA June 30, 2025 25 $7,482 -3.3%
THRM Sept. 30, 2025 250 $7,072 -8.1%
MFC Dec. 31, 2025 226 $7,037 18.3%
TTE June 30, 2025 100 $6,469 37.5%
WFCPRL June 30, 2025 5 $6,003 No longer tracked
WM Sept. 30, 2025 26 $5,949 -7.4%
NTR June 30, 2025 100 $4,966 20.3%
MCD June 30, 2026 13 $4,040 -14.2%
UNP Sept. 30, 2025 13 $2,991 17.7%
AA June 30, 2025 44 $1,341 42.2%
NLOP June 30, 2025 10 $313 -70.0%