Sector breakdown

04
Technology 3.6%
Financials 1.5%
Communication Services 1.3%
Industrials 1.0%
Consumer Discretionary 0.7%
Healthcare 0.7%
Retail 0.6%
Consumer products 0.4%
Energy 0.4%
Materials 0.2%
Consumer Staples 0.1%
Real Estate 0.1%
Utilities 0.1%
Other/Unmapped 89.3%

Full portfolio 279 positions

05
Type Streak 8Q trend
VV Vanguard Morningstar Large-Cap ETF $932,751,107 50.24% 2,712,195 $168,903,305 Up ×3
VEA Vanguard FTSE Developed Markets ETF $240,815,186 12.97% 3,379,862 $6,630,178 Down ×2
VWO Vanguard FTSE Emerging Markets ETF $139,528,351 7.52% 2,337,550 $24,237,483 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $56,761,176 3.06% 153,392 $7,302,861 Down ×3
SCHC SCHWAB STRATEGIC TRUST $54,433,278 2.93% 1,131,199 $26,185,486 Up ×1
VB Vanguard Morningstar Small-Cap ETF $50,852,756 2.74% 167,764 $7,746,823 Up ×1
SPY SPY $16,247,383 0.88% 21,757 $4,105,158 Up ×1
AAPL Apple Inc. - Common Stock $13,594,687 0.73% 46,982 $3,368,029 Up ×4
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $12,874,815 0.69% 810,757 $-3,546,564 Down ×2
SCHF SCHWAB STRATEGIC TRUST $12,476,387 0.67% 450,411 $-3,530,974 Down ×1
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF $9,846,165 0.53% 63,816 $-24,250 Down ×2
NVDA NVIDIA Corporation - Common Stock $9,828,064 0.53% 49,118 $4,519,859 Up ×1
SCHX SCHWAB STRATEGIC TRUST $8,943,895 0.48% 303,904 $1,153,130 Up ×3
IVV iShares Trust $8,055,385 0.43% 10,756 $1,875,031 Up ×4
JAAA Janus Henderson AAA CLO ETF $7,834,634 0.42% 155,172 Up ×1
AMZN Amazon.com, Inc. - Common Stock $7,777,539 0.42% 32,632 $4,543,082 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $7,469,698 0.40% 20,902 $3,462,302 Up ×4
MAR Marriott International - Class A Common Stock $7,184,258 0.39% 19,386
MSFT Microsoft Corporation - Common Stock $6,792,254 0.37% 18,209 $1,585,563 Up ×4
SCHE SCHWAB STRATEGIC TRUST $6,626,081 0.36% 182,738 $476,557 Down ×2
SCHG SCHWAB STRATEGIC TRUST $6,574,659 0.35% 194,287 $987,804 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $6,397,894 0.34% 18,107 $2,744,066 Up ×4
EEMS iShares, Inc. $6,155,817 0.33% 81,115 $290,667 Down ×2
MINT PIMCO ETF Trust $5,511,657 0.30% 54,674 $-3,649,895 Down ×5
HLF Herbalife Ltd. Common Shares $5,451,859 0.29% 414,590 $-650,464 Up ×3
VNQ Vanguard Real Estate ETF $5,150,967 0.28% 53,417 $-13,409,350 Down ×2
QQQ Invesco QQQ Trust, Series 1 $5,010,028 0.27% 6,803 $1,502,271 Up ×2
TSLA Tesla, Inc. - Common Stock $4,089,708 0.22% 9,724 $1,502,883 Up ×2
SCHO SCHWAB STRATEGIC TRUST $3,643,124 0.20% 150,916 $44,948 Up ×1
AVGO Broadcom Inc. - Common Stock $3,624,134 0.20% 9,594 $2,171,604 Up ×2
EWX State Street SPDR S&P Emerging Markets Small Cap ETF $3,466,858 0.19% 46,657 $-33,733 Down ×2
IJH iShares Trust $3,418,055 0.18% 44,327 $3,208,172 Up ×1
RJF Raymond James Financial, Inc. Common Stock $3,341,923 0.18% 21,982
MU Micron Technology, Inc. - Common Stock $3,337,052 0.18% 2,891 $2,776,238 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $3,233,596 0.17% 10,855 Up ×1
PAYC Paycom Software, Inc. Common Stock $3,189,507 0.17% 25,378 $136,665 Up ×3
SCHV SCHWAB STRATEGIC TRUST $3,140,558 0.17% 90,220 $388,848
IWD iShares Russell 1000 Value ETF $3,027,492 0.16% 12,488 $394,759 Up ×2
IWB iShares Russell 1000 ETF $3,006,690 0.16% 7,342 $392,621 Up ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,995,400 0.16% 4 $122,840
META Meta Platforms, Inc. - Class A Common Stock $2,940,937 0.16% 5,221 $1,534,641 Up ×4
JPM JP Morgan Chase & Co. Common Stock $2,767,462 0.15% 8,455 $1,073,829 Up ×3
SCHR SCHWAB STRATEGIC TRUST $2,673,872 0.14% 108,430 $347,424 Up ×6
XOM Exxon Mobil Corporation Common Stock $2,475,179 0.13% 18,104 $308,960 Up ×2
TFI State Street SPDR Nuveen ICE Municipal Bond ETF $2,443,172 0.13% 53,344 $150,778 Up ×3
DELL Dell Technologies Inc. Class C Common Stock $2,388,131 0.13% 5,535 Up ×1
BLK BlackRock, Inc. Common Stock $2,144,279 0.12% 2,230
BNDX Vanguard Total International Bond ETF $2,086,287 0.11% 43,078 $-175,918 Down ×1
VOO Vanguard S&P 500 ETF $2,069,842 0.11% 3,014 $540,353 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $1,987,293 0.11% 3,421 $1,458,172 Up ×2
BMOP BNY Mellon Municipal Opportunities ETF $1,978,708 0.11% 78,489 Up ×1
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF $1,809,991 0.10% 59,598 Up ×1
C Citigroup, Inc. Common Stock $1,774,133 0.10% 12,676 Up ×1
MCO Moody's Corporation Common Stock $1,744,195 0.09% 3,851
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,732,350 0.09% 3,462 $600,959 Up ×4
PANW Palo Alto Networks, Inc. - Common Stock $1,730,677 0.09% 5,075 $999,618 Up ×1
ANET Arista Networks, Inc. Common Stock $1,703,557 0.09% 10,028 $1,139,015 Up ×1
AVDV AMERICAN CENTURY ETF TRUST $1,698,676 0.09% 16,484 Up ×1
V Visa Inc. $1,695,551 0.09% 4,942 $651,614 Up ×4
ABBV AbbVie Inc. Common Stock $1,673,406 0.09% 6,650 $152,716 Down ×1
IEFA iShares Core MSCI EAFE ETF $1,650,939 0.09% 17,094 $82,326 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $1,592,151 0.09% 8,616 $725,590 Up ×3
BGRN iShares USD Green Bond ETF $1,563,507 0.08% 32,935 $172,399 Up ×3
SCHH SCHWAB STRATEGIC TRUST $1,522,369 0.08% 64,289 $-652,875 Down ×2
ORCL Oracle Corporation Common Stock $1,513,422 0.08% 10,327 $1,044,288 Up ×4
AEHR Aehr Test Systems - Common Stock $1,465,395 0.08% 15,255 $-1,089,417 Down ×1
AVUV AMERICAN CENTURY ETF TRUST $1,402,967 0.08% 11,245 Up ×1
VOYG Voyager Technologies, Inc. Class A Common Stock $1,384,106 0.07% 42,918 $321,779 Down ×1
LLY Eli Lilly and Company Common Stock $1,375,746 0.07% 1,147 $651,887 Up ×2
RSP Invesco Exchange-Traded Fund Trust $1,320,238 0.07% 6,205 Up ×1
VTV Vanguard Morningstar Value ETF $1,314,554 0.07% 6,032 $669,645 Up ×1
ECL Ecolab Inc. Common Stock $1,295,911 0.07% 4,651 $39,644 Down ×1
IJR iShares Trust $1,288,368 0.07% 8,687 Up ×1
MKSI MKS Inc. - Common Stock $1,258,784 0.07% 2,830 Up ×1
TTEC TTEC Holdings, Inc. - Common Stock $1,252,588 0.07% 645,664 $-311,822 Up ×3
TFC Truist Financial Corporation Common Stock $1,229,956 0.07% 24,688
JNJ Johnson & Johnson Common Stock $1,224,897 0.07% 4,823 $234,915 Up ×3
SHM SPDR SERIES TRUST $1,222,676 0.07% 25,491 $-36,018 Down ×2
AMAT Applied Materials, Inc. - Common Stock $1,153,185 0.06% 1,595 $936,832 Up ×1
APP Applovin Corporation - Class A Common Stock $1,127,838 0.06% 2,189 Up ×1
BCTK Baron Technology ETF $1,119,075 0.06% 34,453 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $1,106,707 0.06% 8,613 $176,729 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $1,073,822 0.06% 2,520 $740,116 Up ×1
IWF iShares Russell 1000 Growth Fund $1,071,835 0.06% 8,632 $420,722 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $1,048,096 0.06% 8,923 $619,023 Up ×1
KLAC KLA Corporation - Common Stock $1,046,330 0.06% 3,468 Up ×1
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF $1,033,934 0.06% 16,922 $62,902 Down ×1
EFA iShares Trust $1,023,737 0.06% 9,855
CAT Caterpillar, Inc. Common Stock $978,554 0.05% 919 $543,054 Up ×1
NNBR NN, Inc. - Common Stock $971,073 0.05% 270,494 $578,857
GM General Motors Company Common Stock $965,812 0.05% 12,530 $68,012 Up ×3
EPD Enterprise Products Partners L.P. Common Stock $960,980 0.05% 26,142 $121,273 Up ×2
ROKU Roku, Inc. - Class A Common Stock $957,448 0.05% 6,931 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $949,715 0.05% 2,285 $714,302 Up ×1
KO Coca-Cola Company (The) Common Stock $930,379 0.05% 11,448 $138,394 Up ×2
AVEM AMERICAN CENTURY ETF TRUST $928,330 0.05% 9,621 Up ×1
ONTO Onto Innovation Inc. Common Stock $913,578 0.05% 2,414 Up ×1
GNR State Street SPDR S&P Global Natural Resources ETF $908,685 0.05% 13,500 Up ×1
EQIX Equinix, Inc. - Common Stock $898,540 0.05% 862 $144,735 Up ×1
ICLN iShares Global Clean Energy ETF $886,152 0.05% 43,248 $-15,069 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
VV $932,751,107 50.24% up ×3
AAPL $13,594,687 0.73% up ×4
SCHX $8,943,895 0.48% up ×3
IVV $8,055,385 0.43% up ×4
AMZN $7,777,539 0.42% up ×3
GOOGL $7,469,698 0.40% up ×4
MSFT $6,792,254 0.37% up ×4
GOOG $6,397,894 0.34% up ×4
HLF $5,451,859 0.29% up ×3
PAYC $3,189,507 0.17% up ×3
META $2,940,937 0.16% up ×4
JPM $2,767,462 0.15% up ×3
SCHR $2,673,872 0.14% up ×6
TFI $2,443,172 0.13% up ×3
BRK-B (filed as BRKB) $1,732,350 0.09% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
JAAA $7,834,634 155,172 0.42%
MAR $7,184,258 19,386 0.39%
RJF $3,341,923 21,982 0.18%
MRVL $3,233,596 10,855 0.17%
DELL $2,388,131 5,535 0.13%
BLK $2,144,279 2,230 0.12%
BMOP $1,978,708 78,489 0.11%
COMT $1,809,991 59,598 0.10%
C $1,774,133 12,676 0.10%
MCO $1,744,195 3,851 0.09%
AVDV $1,698,676 16,484 0.09%
AVUV $1,402,967 11,245 0.08%
RSP $1,320,238 6,205 0.07%
IJR $1,288,368 8,687 0.07%
MKSI $1,258,784 2,830 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VV Bought more +156K +$168.9M
SCHC Bought more +527K +$26.2M
VWO Bought more +205K +$24.2M
VNQ Trimmed -156K -$13.4M
VB Bought more +3K +$7.7M
VTI Trimmed -775 +$7.3M
VEA Trimmed -275K +$6.6M
AMZN Bought more +17K +$4.5M
NVDA Bought more +19K +$4.5M
SPY Bought more +3K +$4.1M

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
BLK March 31, 2026 3,539 $3,787,933 12.3%
RJF March 31, 2026 16,932 $2,719,110 10.8%
MCO March 31, 2026 5,177 $2,644,670 3.7%
MAR March 31, 2026 7,556 $2,344,173 10.6%
ACCD June 30, 2025 317,026 $2,212,841 No longer tracked
BXSL June 30, 2026 49,875 $1,181,539 -0.8%
INTC March 31, 2026 30,627 $1,130,136 154.9%
UHALB March 31, 2026 21,944 $1,025,663 No longer tracked
GLD June 30, 2026 2,224 $956,965
IWD June 30, 2025 4,410 $829,786
LASR June 30, 2026 12,062 $687,775 -42.5%
DFAI March 31, 2026 17,854 $680,416
IWY June 30, 2026 2,331 $580,046
ESML June 30, 2026 11,415 $536,733
DBEF June 30, 2025 11,716 $507,320
EFA Sept. 30, 2025 5,194 $464,292
JGRO June 30, 2026 4,619 $390,398
IWF June 30, 2025 1,013 $365,784 21.7%
VENU June 30, 2026 108,094 $357,791 No longer tracked
MA June 30, 2025 649 $355,730 1.1%
TSM June 30, 2025 2,129 $353,414 113.6%
HON June 30, 2026 1,549 $350,120 -5.2%
HD Dec. 31, 2025 835 $338,334 -17.1%
VIG Dec. 31, 2025 1,565 $337,711
IMNM June 30, 2025 48,000 $323,040 107.6%
GBDC Dec. 31, 2025 23,465 $321,241 -10.2%
IVT Sept. 30, 2025 11,533 $316,004 3.9%
NEE Dec. 31, 2025 4,099 $309,434 -3.0%
IDEV Sept. 30, 2025 4,022 $305,833
CVX June 30, 2025 1,812 $303,135 45.5%
KMI Sept. 30, 2025 10,000 $294,000 13.4%
SAP June 30, 2025 1,045 $280,520 -29.8%
QQQ Sept. 30, 2025 500 $275,820 24.0%
HD June 30, 2025 744 $272,669 -22.2%
AVGO June 30, 2025 1,618 $270,902 36.3%
VO Dec. 31, 2025 915 $268,772 11.6%
SHOP June 30, 2025 2,796 $266,962 43.4%
AMGN June 30, 2025 855 $266,375 42.2%
GBCI June 30, 2025 6,000 $265,320 1.2%
PG Dec. 31, 2025 1,714 $263,356 3.8%
KO June 30, 2025 3,660 $262,129 23.3%
ENB June 30, 2025 5,876 $260,366 2.1%
COST Dec. 31, 2025 281 $260,102 7.8%
MDY June 30, 2025 463 $247,001
JMBS Dec. 31, 2025 5,345 $244,126
MET June 30, 2025 2,965 $238,060 20.8%
DFIV Sept. 30, 2025 5,436 $232,822
JMBS June 30, 2025 5,073 $229,300
T Dec. 31, 2025 7,935 $224,088 -3.0%
SCPH June 30, 2025 85,184 $224,034 No longer tracked
LNC Dec. 31, 2025 5,515 $222,420 -4.5%
DIS Sept. 30, 2025 1,743 $216,172 -9.2%
BAC June 30, 2025 5,054 $210,903 14.4%
IEF June 30, 2025 2,203 $210,130
DUK June 30, 2026 1,598 $209,187 -9.6%
SEMI March 31, 2026 6,800 $208,304
NFLX June 30, 2025 221 $206,483 -94.9%
MET Dec. 31, 2025 2,480 $204,278 23.1%
IEMG June 30, 2025 3,767 $203,303
TFC Dec. 31, 2025 4,446 $203,271 -6.0%
PG June 30, 2025 1,188 $202,459 -6.7%
CME June 30, 2026 684 $202,019 22.3%
DFLV June 30, 2025 6,561 $200,570
NUBD March 31, 2026 8,951 $200,100
ANGX June 30, 2026 31,942 $97,423 12.8%
WIT June 30, 2025 29,020 $88,801 -44.2%
ENIC June 30, 2025 10,613 $34,705 20.1%