Sector breakdown

04
Consumer Discretionary 1.9%
Technology 1.8%
Communication Services 0.7%
Financials 0.5%
Industrials 0.3%
Utilities 0.1%
Healthcare 0.1%
Consumer Staples 0.0%
Real Estate 0.0%
Energy 0.0%
Retail 0.0%
Other/Unmapped 94.5%

Full portfolio 154 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $53,721,787 9.76% 611,308 $-9,672,235 Down ×1
TSPA T. Rowe Price Exchange-Traded Funds, Inc. $36,273,232 6.59% 763,165 Up ×1
VOO VANGUARD INDEX FUNDS $27,824,212 5.06% 40,512 $-17,994,020 Down ×1
TAGG T. Rowe Price Exchange-Traded Funds, Inc. $23,887,116 4.34% 562,513 Up ×1
JCPB J.P. Morgan Exchange-Traded Fund Trust $21,575,867 3.92% 459,648 $-2,445,956 Down ×1
VONV Vanguard Russell 1000 Value ETF $19,531,911 3.55% 183,726
SCHG SCHWAB STRATEGIC TRUST $19,080,991 3.47% 563,859 $10,550,646 Up ×3
SCHF SCHWAB STRATEGIC TRUST $16,857,209 3.06% 608,563 $-1,564,701 Down ×1
IEMG iShares, Inc. $14,942,345 2.72% 180,376 $7,024,665 Up ×1
TMSL T. Rowe Price Exchange-Traded Funds, Inc. $14,476,595 2.63% 330,139 Up ×1
IAGG iShares Trust $11,544,036 2.10% 228,143 $11,209,819 Up ×1
IYW iShares Trust $10,767,145 1.96% 42,688 $976,899 Down ×1
BSCR Invesco BulletShares 2027 Corporate Bond ETF $10,676,484 1.94% 544,302 $627,164 Up ×5
OEF iShares Trust $10,631,450 1.93% 29,058 $1,527,014 Up ×2
QQQ Invesco QQQ Trust, Series 1 $10,531,442 1.91% 14,301 $1,616,751 Down ×1
SMH SMH $10,341,418 1.88% 15,767 $1,648,973 Down ×4
IWM iShares Trust $10,074,089 1.83% 33,530 $1,451,625 Down ×1
QUAL iShares Trust $9,865,052 1.79% 44,958 $-1,854,850 Down ×1
IUSB iShares Core Universal USD Bond ETF $9,649,143 1.75% 209,082 $1,463,140 Up ×2
SCHZ SCHWAB STRATEGIC TRUST $9,158,578 1.66% 395,961 $-352,404 Down ×3
KOID KraneShares Global Humanoid and Embodied Intelligence Index ETF $8,292,557 1.51% 201,178 $1,614,103 Down ×1
IVW iShares Trust $7,828,208 1.42% 56,920 $1,048,508 Down ×1
DYNF BlackRock ETF Trust $7,236,536 1.31% 106,404 $922,610 Down ×1
THYF T. Rowe Price Exchange-Traded Funds, Inc. $7,074,616 1.29% 137,198 Up ×1
IDEV iShares Trust $6,971,530 1.27% 78,323 $198,683 Down ×2
IALT iShares Systematic Alternatives Active ETF $6,944,956 1.26% 247,592 Up ×1
CLOA iShares AAA CLO Active ETF $6,649,584 1.21% 128,098 $194,095 Up ×1
JPIE J.P. Morgan Exchange-Traded Fund Trust $6,465,977 1.17% 140,412 $1,732,990 Up ×6
EFV iShares Trust $6,376,345 1.16% 83,296 $75,817 Down ×2
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $6,029,526 1.10% 101,014 $579,124 Up ×1
BSCS Invesco BulletShares 2028 Corporate Bond ETF $5,737,236 1.04% 281,720 $4,889,865 Up ×2
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $5,598,525 1.02% 29,197 $341,555 Down ×1
EFG iShares Trust $4,880,211 0.89% 39,224 $557,197 Up ×2
IVE iShares Trust $4,823,209 0.88% 21,242 $131,456 Down ×1
IJH iShares Trust $4,761,311 0.87% 61,747 $490,376 Down ×2
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $4,682,759 0.85% 239,834 $-2,248,600 Down ×2
TOUS T. Rowe Price Exchange-Traded Funds, Inc. $4,591,930 0.83% 119,675 Up ×1
GLIN VanEck ETF Trust $4,391,274 0.80% 94,436 $809,371 Up ×1
HGER Harbor ETF Trust $3,723,481 0.68% 126,908 Up ×1
IVLU iShares Trust $3,569,964 0.65% 85,365 $106,178 Down ×1
BIV VANGUARD BOND INDEX FUNDS $3,262,204 0.59% 42,532 $-189,517 Down ×1
BINC iShares Flexible Income Active ETF $2,715,713 0.49% 51,886 $-569,587 Down ×2
SPMO Invesco Exchange-Traded Fund Trust II $2,609,840 0.47% 16,156 $607,780 Down ×1
EMXC iShares MSCI Emerging Markets ex China ETF $2,467,067 0.45% 24,116 $398,230 Down ×4
LITE Lumentum Holdings Inc. - Common Stock $2,430,026 0.44% 2,832 $243,037 Down ×2
SUSL iShares ESG MSCI USA Leaders ETF $2,321,043 0.42% 17,483 $334,929
GNMA iShares GNMA Bond ETF $2,180,539 0.40% 49,300 $165,696 Up ×2
MBB iShares MBS ETF $2,080,385 0.38% 22,010 $-377,111 Down ×1
GLDM SPDR Gold MiniShares Trust $1,982,006 0.36% 24,956 $-618,412 Down ×2
IEV iShares Trust $1,893,663 0.34% 25,994 $69,474 Down ×6
BIL SPDR SERIES TRUST $1,809,196 0.33% 19,742 $469,419 Up ×1
BPRE Bluerock Private Real Estate Fund Common Shares of Beneficial Interest $1,797,171 0.33% 138,138 $-403,273 Up ×1
ESGU iShares ESG Aware MSCI USA ETF $1,611,004 0.29% 9,843 $219,007
PAVE Global X Funds $1,606,100 0.29% 27,259 $291,137 Up ×3
EMGF iShares, Inc. $1,484,028 0.27% 20,257 $259,535 Down ×2
BAI iShares A.I. Innovation and Tech Active ETF $1,395,446 0.25% 26,469 $479,008 Down ×1
MSFT Microsoft Corporation - Common Stock $1,379,515 0.25% 3,698 $137,731 Up ×3
ARKK ARK ETF Trust $1,355,836 0.25% 16,776 $275,139 Up ×3
Unknown issuer (CUSIP: 30233Q108) $1,191,788 0.22% 8,717 Up ×1
IWB iShares Trust $1,133,087 0.21% 2,767 $132,580 Down ×5
IEF iShares 7-10 Year Treasury Bond ETF $1,123,775 0.20% 11,883 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,079,638 0.20% 5,396 $206,984 Up ×2
AVGO Broadcom Inc. - Common Stock $1,070,998 0.19% 2,835 $181,403 Down ×1
BAC Bank of America Corporation Common Stock $1,048,432 0.19% 18,400 $151,432
XTEN BondBloxx ETF Trust $940,498 0.17% 20,634 $-947,512 Down ×1
USFR WisdomTree Trust $924,812 0.17% 18,368 $43,165 Up ×1
AVEM AMERICAN CENTURY ETF TRUST $893,980 0.16% 9,265 $66,423 Down ×1
PRU Prudential Financial, Inc. Common Stock $884,594 0.16% 8,196 $83,927
IFRA iShares Trust $871,591 0.16% 13,826 $90,582 Up ×2
AOA iShares Trust $855,003 0.16% 8,760 $-25,933 Down ×1
JMOM J.P. Morgan Exchange-Traded Fund Trust $854,258 0.16% 9,996 $130,910 Down ×1
CIBR First Trust NASDAQ Cybersecurity ETF $852,946 0.15% 9,493 $306,502 Up ×3
IGM iShares Trust $828,369 0.15% 5,064 $228,234
THRO iShares U.S. Thematic Rotation Active ETF $813,744 0.15% 18,876 $2,271 Down ×1
CORO iShares International Country Rotation Active ETF $789,279 0.14% 21,565 $-274,053 Down ×1
BSCT Invesco BulletShares 2029 Corporate Bond ETF $764,536 0.14% 41,159 $-8,772,270 Down ×1
KLAC KLA Corporation - Common Stock $752,600 0.14% 2,494 $385,310 Up ×1
VGT VANGUARD WORLD FUND $751,305 0.14% 6,286 $204,293 Up ×1
WDC Western Digital Corporation - Common Stock $735,167 0.13% 1,151 $431,948 Up ×1
NOBL ProShares Trust $735,134 0.13% 13,090 $41,299 Up ×1
AMAT Applied Materials, Inc. - Common Stock $687,305 0.12% 951 $362,389
MPWR Monolithic Power Systems, Inc. - Common Stock $663,750 0.12% 480 $138,770
ITOT iShares Trust $646,895 0.12% 3,938 $92,273 Up ×3
MGV VANGUARD WORLD FUND $643,160 0.12% 3,935 $-17,051,596 Down ×1
BLCR iShares Large Cap Core Active ETF $640,505 0.12% 12,716 $106,807 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $619,530 0.11% 642 $368,020
BSMQ Invesco BulletShares 2026 Municipal Bond ETF $585,470 0.11% 24,866 $122,514 Up ×1
VGLT Vanguard Long-Term Treasury ETF $581,873 0.11% 10,545 $-751,242 Down ×1
BSMR Invesco BulletShares 2027 Municipal Bond ETF $578,045 0.11% 24,452 $153,408 Up ×1
IVV iShares Trust $577,394 0.10% 771 $31,584 Down ×6
BSMS Invesco BulletShares 2028 Municipal Bond ETF $510,547 0.09% 21,781 $123,801 Up ×1
AAPL Apple Inc. - Common Stock $504,545 0.09% 1,744 $57,456 Down ×1
T AT&T Inc. $496,386 0.09% 23,980 $143,288 Up ×1
ACWX iShares MSCI ACWI ex U.S. ETF $488,017 0.09% 6,412 $-244,270 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $485,859 0.09% 1,631 Up ×1
C Citigroup, Inc. Common Stock $472,505 0.09% 3,376 $89,633
GOVT iShares Trust $465,236 0.08% 20,423 $-942,629 Down ×1
XLG Invesco Exchange-Traded Fund Trust $456,776 0.08% 7,460 $47,215 Down ×2
VWOB Vanguard Emerging Markets Government Bond ETF $454,408 0.08% 6,758 $-10,480 Down ×4
MMM 3M Company Common Stock $452,377 0.08% 2,794 $46,604

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SCHG $19,080,991 3.47% up ×3
BSCR $10,676,484 1.94% up ×5
JPIE $6,465,977 1.17% up ×6
PAVE $1,606,100 0.29% up ×3
MSFT $1,379,515 0.25% up ×3
ARKK $1,355,836 0.25% up ×3
CIBR $852,946 0.15% up ×3
ITOT $646,895 0.12% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TSPA $36,273,232 763,165 6.59%
TAGG $23,887,116 562,513 4.34%
VONV $19,531,911 183,726 3.55%
TMSL $14,476,595 330,139 2.63%
THYF $7,074,616 137,198 1.29%
IALT $6,944,956 247,592 1.26%
TOUS $4,591,930 119,675 0.83%
HGER $3,723,481 126,908 0.68%
Unknown issuer (CUSIP: 30233Q108) $1,191,788 8,717 0.22%
IEF $1,123,775 11,883 0.20%
MRVL $485,859 1,631 0.09%
TOTR $427,491 10,669 0.08%
GOOGL $410,262 1,148 0.07%
IGV $365,209 4,031 0.07%
SHOP $348,706 3,054 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Trimmed -36K -$18.0M
SCHG Bought more +271K +$10.6M
SPYM Trimmed -217K -$9.7M
IEMG Bought more +67K +$7.0M
JCPB Trimmed -51K -$2.4M
BSCQ Trimmed -115K -$2.2M
QUAL Trimmed -16K -$1.9M
JPIE Bought more +38K +$1.7M
SMH Trimmed -7K +$1.6M
QQQ Trimmed -1K +$1.6M

6 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
VONE June 30, 2025 67,223 $17,065,231
VONV June 30, 2025 143,256 $11,824,350
OUSM June 30, 2026 115,564 $5,054,764
BUFR June 30, 2025 156,842 $4,656,639
BSCP Dec. 31, 2025 201,770 $4,174,612 No longer tracked
ANGL June 30, 2026 120,601 $3,463,661
BSJS June 30, 2026 147,273 $3,193,616
XEMD June 30, 2026 50,894 $2,236,791
XOM June 30, 2026 8,792 $1,491,651 20.0%
GFEB June 30, 2025 37,711 $1,386,633
IJR Dec. 31, 2025 9,115 $1,083,089 15.1%
IAGG Dec. 31, 2025 15,652 $801,852
BNDX June 30, 2026 10,426 $500,969
PFF June 30, 2026 15,456 $468,626
BSMP Dec. 31, 2025 14,123 $346,367 No longer tracked
AMLP June 30, 2025 5,970 $310,082
XLY March 31, 2026 2,291 $273,568 No longer tracked
EME June 30, 2025 722 $266,873 47.1%
AMLP Dec. 31, 2025 5,459 $256,191
SNEX Dec. 31, 2025 2,517 $254,016 3.8%
FISV June 30, 2025 1,121 $247,550 -74.3%
AGG Dec. 31, 2025 2,448 $245,412
RSPR Dec. 31, 2025 6,672 $236,551
TMO March 31, 2026 406 $235,257 33.2%
SE Dec. 31, 2025 1,308 $233,779 -25.4%
CRWD March 31, 2026 498 $233,442 -30.8%
EAGG Dec. 31, 2025 4,792 $230,160
BSCS Sept. 30, 2025 11,048 $226,374
XLY Sept. 30, 2025 1,040 $226,023 No longer tracked
LMT Sept. 30, 2025 472 $218,602 1.2%
V Dec. 31, 2025 640 $218,483 2.8%
SPY June 30, 2025 389 $217,603 No longer tracked
HEZU June 30, 2025 5,566 $216,907
PGR March 31, 2026 922 $209,958 6.1%
DON Dec. 31, 2025 4,012 $209,828
XLV June 30, 2025 1,428 $208,502 23.3%
SHOP March 31, 2026 1,285 $206,846 27.6%
VXUS June 30, 2026 2,671 $205,961
XPEV March 31, 2026 9,952 $201,827 -45.9%
TLT Dec. 31, 2025 2,258 $201,797
AMZN Dec. 31, 2025 917 $201,346 9.0%
KD June 30, 2026 12,390 $162,557 2.2%