Sector breakdown

04
Technology 2.6%
Communication Services 0.4%
Real Estate 0.3%
Retail 0.3%
Financials 0.2%
Health Care 0.2%
Consumer Discretionary 0.1%
Utilities 0.1%
Industrials 0.1%
Energy 0.0%
Consumer Staples 0.0%
Materials 0.0%
Consumer products 0.0%
Other/Unmapped 95.5%

Full portfolio 332 positions

05
Type Streak 8Q trend
BKLC BNY Mellon ETF Trust $34,485,741 11.77% 343,702 $4,040,057 Up ×2
SPDW SPDR INDEX SHARES FUNDS $32,455,641 11.08% 884,654 $5,617,357 Up ×6
XHLF BondBloxx ETF Trust $25,089,893 8.57% 498,806 $-1,705,611 Down ×2
SGOV iShares Trust $22,541,223 7.70% 274,586 $-985,803 Down ×1
VOO VANGUARD INDEX FUNDS $19,859,088 6.78% 340,560 $1,906,683 Up ×1
IVV iShares Trust $15,491,162 5.29% 20,687 $1,776,686 Down ×6
VB VANGUARD INDEX FUNDS $13,575,430 4.63% 120,569 $1,602,664 Up ×6
VO VANGUARD INDEX FUNDS $13,172,090 4.50% 229,896 $1,269,540 Up ×6
SPEM SPDR INDEX SHARES FUNDS $12,787,928 4.37% 337,825 $1,087,710 Up ×6
VNQ VANGUARD SPECIALIZED FUNDS $10,986,144 3.75% 163,751 $1,023,185 Up ×6
SPY SPY $6,637,568 2.27% 8,888 $889,750 Up ×1
JPST J.P. Morgan Exchange-Traded Fund Trust $6,369,483 2.17% 125,954 $5,566,018 Up ×1
VEA VANGUARD TAX-MANAGED FUNDS $6,092,750 2.08% 85,512 $2,636,615 Up ×2
SPYG SPDR SERIES TRUST $5,730,985 1.96% 48,164 $1,208,324 Up ×2
AAPL Apple Inc. - Common Stock $5,574,077 1.90% 19,263 $673,283 Down ×3
PJAN Innovator U.S. Equity Power Buffer ETF - January $5,124,640 1.75% 103,549 $324,398 Down ×1
TBUX T. Rowe Price Exchange-Traded Funds, Inc. $4,293,972 1.47% 86,276 Up ×1
SPYV SPDR SERIES TRUST $4,277,951 1.46% 70,373 $607,941 Up ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $3,576,504 1.22% 40,698 $461,847 Up ×1
IJAN Innovator International Developed Power Buffer ETF January $3,142,506 1.07% 82,524 $131,665 Down ×1
IEFA iShares Trust $2,835,493 0.97% 29,359 $692,935 Up ×2
BUFF Innovator Laddered Allocation Power Buffer ETF $2,159,933 0.74% 41,001 $165,400 Up ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,067,087 0.71% 34,630 $198,951 Up ×1
DDFJ Innovator Equity Dual Directional 15 Buffer ETF - January $1,878,941 0.64% 95,040 Up ×1
IVW iShares Trust $1,554,099 0.53% 11,300 $1,441,441 Up ×1
QQQM Invesco NASDAQ 100 ETF $1,498,413 0.51% 4,946 $-381,015 Down ×1
KJAN Innovator U.S. Small Cap Power Buffer ETF - January $1,394,498 0.48% 30,561 $112,256 Down ×1
NVDA NVIDIA Corporation - Common Stock $1,380,474 0.47% 6,899 $-88,843 Down ×4
XLK SELECT SECTOR SPDR TRUST $1,165,598 0.40% 6,118 $499,259 Up ×5
SCHR SCHWAB STRATEGIC TRUST $1,157,246 0.40% 46,928 $-1,034,821 Down ×2
NJAN Innovator Growth-100 Power Buffer ETF - January $1,143,040 0.39% 19,367 $103,606 Down ×1
EJAN Innovator Emerging Markets Power Buffer ETF January $1,135,172 0.39% 31,535 $59,150 Down ×1
IEMG iShares, Inc. $1,130,605 0.39% 13,648 $154,790 Down ×1
SCHF SCHWAB STRATEGIC TRUST $1,092,028 0.37% 39,423 $122,159 Up ×4
IWM iShares Trust $928,252 0.32% 3,090 $158,673 Down ×4
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $786,121 0.27% 1,505 $89,088
SPG Simon Property Group, Inc. Common Stock $753,637 0.26% 3,370 $126,768 Up ×2
SCHO SCHWAB STRATEGIC TRUST $744,552 0.25% 30,843 $-261,423 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $699,243 0.24% 1,957 $136,628
EFA iShares Trust $670,897 0.23% 6,458 $43,594
AMZN Amazon.com, Inc. - Common Stock $631,124 0.22% 2,648 $87,956 Up ×2
TAXX BondBloxx ETF Trust $627,908 0.21% 12,375 $-97,556 Down ×5
EEM iShares, Inc. $557,131 0.19% 8,144 $94,633
QUAL iShares Trust $490,207 0.17% 2,234 $61,703
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $484,601 0.17% 689 $33,382 Down ×1
Unknown issuer (CUSIP: 30233Q108) $479,340 0.16% 3,506 Up ×1
IEI iShares 3-7 Year Treasury Bond ETF $417,240 0.14% 3,552 $-277,270 Down ×3
ITA iShares Trust $362,742 0.12% 1,496 $35,523
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $358,780 0.12% 717 $15,194
SPSM SPDR SERIES TRUST $353,462 0.12% 6,129 $37,598 Down ×1
DJAN First Trust Exchange-Traded Fund VIII $347,805 0.12% 7,640 $22,876
IBDU iShares Trust $329,564 0.11% 14,230 Up ×1
VUG VANGUARD INDEX FUNDS $310,104 0.11% 3,600 $48,030 Up ×1
URTH iShares, Inc. $295,246 0.10% 1,457 $32,957
VTV VANGUARD INDEX FUNDS $292,186 0.10% 1,341 $29,153
MSFT Microsoft Corporation - Common Stock $269,671 0.09% 723 $34,619 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $230,470 0.08% 652 $72,123 Up ×2
MTUM iShares Trust $221,125 0.08% 645 $66,331
AVIG AMERICAN CENTURY ETF TRUST $211,554 0.07% 5,109 $-231,188 Down ×1
SPMD SPDR SERIES TRUST $211,536 0.07% 3,131 $24,454 Down ×1
COST Costco Wholesale Corporation - Common Stock $205,803 0.07% 220 $-13,412
AVGO Broadcom Inc. - Common Stock $196,386 0.07% 520 $35,842 Up ×2
SCHX SCHWAB STRATEGIC TRUST $192,360 0.07% 6,536 $-6,583 Down ×1
BND Vanguard Total Bond Market ETF $186,535 0.06% 2,541 $150,599 Up ×1
AVSF AMERICAN CENTURY ETF TRUST $180,696 0.06% 3,880 $-42,450 Down ×1
ABNB Airbnb, Inc. - Class A Common Stock $170,861 0.06% 1,194 $20,083
EFV iShares Trust $159,836 0.05% 2,088 $4,593
SCHH SCHWAB STRATEGIC TRUST $148,047 0.05% 6,252 $7,717 Down ×1
CAH Cardinal Health, Inc. Common Stock $145,387 0.05% 612 $16,065
IWN iShares Trust $144,886 0.05% 655 $20,705
TSLA Tesla, Inc. - Common Stock $142,163 0.05% 338 $16,511
IJH iShares Trust $139,955 0.05% 1,815 $17,388
META Meta Platforms, Inc. - Class A Common Stock $135,749 0.05% 241 $-2,122
SRE DBA Sempra Common Stock $129,794 0.04% 1,400 $-6,244
VYM VANGUARD WHITEHALL FUNDS $122,738 0.04% 777 $7,712
GE GE Aerospace Common Stock $115,217 0.04% 308 $27,734
IJR iShares Trust $111,974 0.04% 755 $18,120
PMAR Innovator U.S. Equity Power Buffer ETF - March $111,734 0.04% 2,339 $7,368
SUSA iShares Trust $107,393 0.04% 696 $15,451
DFUV Dimensional ETF Trust $104,409 0.04% 1,898 $12,432
PFEB Innovator U.S. Equity Power Buffer ETF - February $92,751 0.03% 2,154 $6,376
VIG VANGUARD SPECIALIZED FUNDS $87,338 0.03% 369 $7,958
BA Boeing Company (The) Common Stock $85,506 0.03% 395 $6,889
GEV GE Vernova Inc. Common Stock $84,590 0.03% 72 $21,741
VV VANGUARD INDEX FUNDS $82,882 0.03% 241 $10,859
VBR VANGUARD INDEX FUNDS $82,860 0.03% 341 $8,778
GILD Gilead Sciences, Inc. - Common Stock $81,653 0.03% 646 $-7,853 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $80,910 0.03% 80 $13,231
QQQ Invesco QQQ Trust, Series 1 $79,531 0.03% 108 $-551,261 Down ×4
PAUG Innovator U.S. Equity Power Buffer ETF - August $77,771 0.03% 1,704 $4,976
AMAT Applied Materials, Inc. - Common Stock $75,538 0.03% 104 Up ×1
VGK VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $75,525 0.03% 853 $49,807 Up ×1
VOOG VANGUARD ADMIRAL FUNDS $75,388 0.03% 912 $23,204 Up ×1
WMT Walmart Inc. - Common Stock $74,448 0.03% 657 $-7,244
AMGN Amgen Inc. - Common Stock $72,424 0.02% 200 $2,054
SCZ iShares MSCI EAFE Small-Cap ETF $71,986 0.02% 875 $3,377
COWZ Pacer Funds Trust $67,238 0.02% 1,081 Up ×1
IBDV iShares Trust $67,123 0.02% 3,079 $-39,774 Down ×3
VSS VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $66,962 0.02% 434 $3,689
ICF iShares Trust $66,277 0.02% 980 $5,625

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPDW $32,455,641 11.08% up ×6
VB $13,575,430 4.63% up ×6
VO $13,172,090 4.50% up ×6
SPEM $12,787,928 4.37% up ×6
VNQ $10,986,144 3.75% up ×6
XLK $1,165,598 0.40% up ×5
SCHF $1,092,028 0.37% up ×4
PGF $26,306 0.01% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TBUX $4,293,972 86,276 1.47%
DDFJ $1,878,941 95,040 0.64%
Unknown issuer (CUSIP: 30233Q108) $479,340 3,506 0.16%
IBDU $329,564 14,230 0.11%
AMAT $75,538 104 0.03%
COWZ $67,238 1,081 0.02%
GRID $39,501 206 0.01%
PAVE $36,471 619 0.01%
EWJ $34,603 371 0.01%
ROBO $33,921 396 0.01%
IBDS $32,988 1,362 0.01%
IBDT $32,901 1,303 0.01%
ONDS $28,428 3,450 0.01%
XLV $23,799 150 0.01%
XLC $23,033 215 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPDW Bought more +141K +$5.6M
BKLC Bought more +81K +$4.0M
VEA Bought more +32K +$2.6M
VOO Bought more +40K +$1.9M
IVV Trimmed -310 +$1.8M
XHLF Trimmed -34K -$1.7M
VB Bought more +26K +$1.6M
VO Bought more +145K +$1.3M
SPYG Bought more +2K +$1.2M
SPEM Bought more +28K +$1.1M

2 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
XTEN June 30, 2026 35,597 $1,632,493
XSVN June 30, 2026 32,626 $1,556,912
PJUN Dec. 31, 2025 21,447 $882,544
XOM June 30, 2026 3,506 $594,828 20.0%
IEF March 31, 2026 2,615 $251,494
IWF Sept. 30, 2025 379 $160,741 7.8%
PAPR Dec. 31, 2025 3,808 $146,075
SCHJ June 30, 2026 4,012 $99,197 -2.0%
PMAY June 30, 2026 1,500 $59,910
IQLT June 30, 2025 1,104 $43,818
IWD Sept. 30, 2025 218 $42,311
ETN Dec. 31, 2025 110 $41,168 36.9%
MRK Dec. 31, 2025 400 $33,572 37.1%
TXN Dec. 31, 2025 178 $32,704 69.3%
SGOL Dec. 31, 2025 850 $31,289 -3.9%
PANW March 31, 2026 138 $25,420 151.5%
BAUG Dec. 31, 2025 456 $22,340
BFEB Dec. 31, 2025 450 $21,263
MET Dec. 31, 2025 250 $20,593 19.6%
CGDV Dec. 31, 2025 424 $17,821
BILS Dec. 31, 2025 178 $17,715
QCOM Dec. 31, 2025 105 $17,468 8.1%
HON June 30, 2026 75 $16,952 -4.4%
ISRG Dec. 31, 2025 36 $16,100 -30.8%
MTZ Dec. 31, 2025 70 $14,897 -0.7%
SII Dec. 31, 2025 175 $14,558 18.8%
ASML Dec. 31, 2025 15 $14,521 74.5%
ORLY Dec. 31, 2025 10 $13,777 -6.9%
SMIN Sept. 30, 2025 174 $13,418
DFS June 30, 2025 75 $12,803 No longer tracked
XAR Dec. 31, 2025 53 $12,453
INFL Dec. 31, 2025 273 $12,202
SYLD Dec. 31, 2025 162 $11,123
UNH Dec. 31, 2025 32 $11,050 12.7%
VYM June 30, 2025 84 $10,833
UBER June 30, 2026 150 $10,790 -5.6%
DHI Dec. 31, 2025 63 $10,677 -6.3%
MCD Dec. 31, 2025 33 $10,028 -24.1%
KO Dec. 31, 2025 145 $9,616 22.5%
CME Dec. 31, 2025 35 $9,457 -3.6%
ADP Sept. 30, 2025 30 $9,252 -12.2%
CEF Dec. 31, 2025 230 $8,439
SNPS Dec. 31, 2025 17 $8,388 4.3%
TRV Dec. 31, 2025 30 $8,377 24.2%
URNM Dec. 31, 2025 124 $7,493 -13.6%
IVOO June 30, 2025 72 $7,106 17.7%
CVS Dec. 31, 2025 90 $6,785 8.9%
DLR June 30, 2025 45 $6,448 2.4%
MS Dec. 31, 2025 38 $6,040 7.2%
ADBE Dec. 31, 2025 17 $5,997 -32.1%
CNC Dec. 31, 2025 100 $5,665 53.1%
NVO Dec. 31, 2025 95 $5,272 -26.7%
TFC Dec. 31, 2025 115 $5,258 -5.6%
HOLX June 30, 2026 65 $4,913 No longer tracked
NOC Dec. 31, 2025 8 $4,875 -16.2%
ESGR Dec. 31, 2025 14 $4,731 No longer tracked
DISV Dec. 31, 2025 129 $4,604
SNOW Dec. 31, 2025 20 $4,511 55.5%
BAH Dec. 31, 2025 45 $4,498 -20.2%
UNP Dec. 31, 2025 18 $4,255 20.3%
SBUX Dec. 31, 2025 50 $4,230 12.5%
BRO Dec. 31, 2025 45 $4,221 -24.8%
FEZ Sept. 30, 2025 69 $4,121
DHR Dec. 31, 2025 20 $3,965 -6.5%
AMT Dec. 31, 2025 20 $3,846 -7.6%
VNOM Dec. 31, 2025 100 $3,822 5.2%
VNOM (filed as VNOMXXXX) Sept. 30, 2025 100 $3,812 6.3%
MTAC March 31, 2026 530 $3,699 No longer tracked
KBWP Dec. 31, 2025 29 $3,587
SMCI March 31, 2026 120 $3,512 91.9%
LMT Dec. 31, 2025 7 $3,494 4.5%
NEE Dec. 31, 2025 45 $3,397 -4.3%
ORCL June 30, 2025 21 $2,936 -34.9%
GAP Dec. 31, 2025 124 $2,652 -12.1%
CCL June 30, 2026 101 $2,602 -9.8%
AXP June 30, 2025 9 $2,421 -5.1%
CRM June 30, 2025 9 $2,415 -13.9%
CMG Dec. 31, 2025 60 $2,351 -12.5%
RUN June 30, 2025 400 $2,344 -5.7%
KKR Dec. 31, 2025 18 $2,339 -29.2%
PGR Dec. 31, 2025 9 $2,223 -7.6%
BMY June 30, 2025 30 $1,830 32.1%
HLT June 30, 2025 8 $1,820 19.9%
BX June 30, 2025 13 $1,817 -25.3%
LNT June 30, 2025 28 $1,802 6.4%
MO June 30, 2025 29 $1,741 14.9%
WMB Dec. 31, 2025 27 $1,710 17.4%
MJ Dec. 31, 2025 45 $1,682 -17.0%
FISV Dec. 31, 2025 13 $1,676 -34.0%
CTAS June 30, 2025 8 $1,644 -13.4%
TRGP June 30, 2025 8 $1,604 61.8%
BK June 30, 2025 17 $1,426 No longer tracked
SHW June 30, 2025 4 $1,397 -6.9%
INTC June 30, 2025 60 $1,363 432.7%
BKR June 30, 2025 30 $1,319 46.1%
ADSK June 30, 2025 5 $1,309 -31.5%
HWM June 30, 2025 10 $1,297 24.3%
SCHW June 30, 2025 16 $1,252 6.0%
PNC June 30, 2025 7 $1,230 18.6%
PH June 30, 2025 2 $1,216 39.2%
AON June 30, 2025 3 $1,197 -24.5%
OKE June 30, 2025 12 $1,191 7.7%
MMM June 30, 2025 8 $1,175 6.3%
MS June 30, 2025 10 $1,167 35.1%
GLW June 30, 2025 25 $1,145 212.2%
WAB June 30, 2025 6 $1,088 37.3%
FTNT Dec. 31, 2025 12 $1,009 127.9%
RF June 30, 2025 46 $1,000 15.2%
CFG June 30, 2025 23 $942 43.8%
CMI June 30, 2025 3 $940 61.3%
LNG June 30, 2025 4 $926 10.9%
XEL June 30, 2025 13 $920 4.8%
KVUE June 30, 2025 38 $911 -17.8%
MTB June 30, 2025 5 $894 13.0%
APD June 30, 2025 3 $885 -1.6%
JCI June 30, 2025 11 $881 47.9%
MSI June 30, 2025 2 $876 6.4%
SYF June 30, 2025 16 $847 7.5%
QFLR June 30, 2025 31 $837
DAL June 30, 2025 19 $828 71.0%
CHTR June 30, 2025 2 $737 -73.3%
VST June 30, 2025 6 $705 -27.8%
UAL June 30, 2025 10 $691 41.3%
LULU June 30, 2025 2 $566 -60.2%
WBD June 30, 2025 52 $558 170.0%
WAT June 30, 2025 1 $369 21.8%
CRWD June 30, 2025 1 $353 -47.0%
WOLF Sept. 30, 2025 100 $40 23.4%
QNCX June 30, 2026 340 $34 60.5%