Sector breakdown

04
Technology 6.9%
Financials 3.1%
Communication Services 1.4%
Retail 1.3%
Industrials 1.3%
Healthcare 0.9%
Real Estate 0.5%
Consumer Discretionary 0.5%
Energy 0.4%
Utilities 0.2%
Consumer Staples 0.2%
Consumer products 0.1%
Materials 0.1%
Other/Unmapped 83.1%

Full portfolio 350 positions

05
Type Streak 8Q trend
IVV iShares Trust $397,459,029 16.92% 530,731 $53,412,607 Up ×3
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $131,180,151 5.58% 2,611,590 $10,030,637 Up ×6
IJH iShares Trust $123,697,477 5.27% 1,604,169 $18,611,019 Up ×4
IEFA iShares Core MSCI EAFE ETF $96,790,569 4.12% 1,002,180 $10,121,111 Up ×6
VEA Vanguard FTSE Developed Markets ETF $88,757,857 3.78% 1,245,724 $11,160,885 Up ×6
IJR iShares Trust $88,513,019 3.77% 596,811 $14,822,733 Up ×4
SPY SPY $85,771,210 3.65% 114,856 $10,777,414 Down ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $76,967,582 3.28% 646,841 $12,854,730 Down ×4
AAPL Apple Inc. - Common Stock $76,384,501 3.25% 263,977 $7,901,217 Down ×3
SPYV State Street SPDR Portfolio S&P 500 Value ETF $71,338,621 3.04% 1,173,526 $4,941,585 Up ×1
VWO Vanguard FTSE Emerging Markets ETF $58,755,107 2.50% 984,338 $4,468,576 Down ×1
RWL Invesco Exchange-Traded Fund Trust II $45,170,745 1.92% 353,559 $7,361,975 Up ×6
IEMG iShares, Inc. $41,504,347 1.77% 501,018 $7,739,126 Up ×6
IBDU iShares Trust $37,575,802 1.60% 1,622,444 $809,233 Up ×6
IBDV iShares iBonds Dec 2030 Term Corporate ETF $37,399,572 1.59% 1,715,577 $1,273,133 Up ×6
IBDW iShares iBonds Dec 2031 Term Corporate ETF $36,815,189 1.57% 1,766,564 $1,238,422 Up ×6
USMV iShares MSCI USA Min Vol Factor ETF $34,228,106 1.46% 354,842 $693,502 Down ×6
MDYG SPDR SERIES TRUST $33,352,937 1.42% 297,555 $2,245,145 Down ×2
PRF Invesco Exchange-Traded Fund Trust $33,182,710 1.41% 614,153 $3,802,544 Down ×2
IBDT iShares Trust $32,695,904 1.39% 1,294,887 $-344,175 Down ×1
MDYV SPDR SERIES TRUST $32,300,019 1.38% 340,538 $806,512 Down ×2
SLYV SPDR SERIES TRUST $30,540,925 1.30% 279,909 $3,960,029 Down ×4
IBDX iShares iBonds Dec 2032 Term Corporate ETF $29,609,478 1.26% 1,175,446 $2,278,616 Up ×5
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $29,180,175 1.24% 41,488 $3,480,845 Down ×4
CFG Citizens Financial Group, Inc. Common Stock $28,722,534 1.22% 409,912 $1,323,560 Down ×1
SDY SPDR SERIES TRUST $28,508,235 1.21% 187,332 $873,560 Down ×6
SLYG SPDR SERIES TRUST $24,290,331 1.03% 203,898 $4,569,620 Down ×2
IBDS iShares Trust $23,240,810 0.99% 959,571 $-648,358 Down ×2
DDOG Datadog, Inc. - Class A Common Stock $17,580,289 0.75% 67,523 $7,880,474 Down ×1
VTI Vanguard Morningstar Total Stock Market ETF $16,640,746 0.71% 44,970 $2,224,466 Up ×2
AMZN Amazon.com, Inc. - Common Stock $14,728,459 0.63% 61,796 $2,575,696 Up ×6
MSFT Microsoft Corporation - Common Stock $14,087,171 0.60% 37,765 $331,347 Up ×6
NVDA NVIDIA Corporation - Common Stock $13,935,313 0.59% 69,645 $2,268,786 Up ×6
SCZ iShares MSCI EAFE Small-Cap ETF $12,771,595 0.54% 155,240 $479,259 Down ×6
NYF iShares Trust $12,722,120 0.54% 236,010 $-20,040 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $11,163,109 0.48% 31,594 $2,270,735 Up ×5
GOOGL Alphabet Inc. - Class A Common Stock $9,948,231 0.42% 27,837 $2,077,615 Up ×6
IWM iShares Russell 2000 Index Fund $9,272,674 0.39% 30,863 $1,522,889 Down ×5
IWB iShares Russell 1000 ETF $8,893,931 0.38% 21,719 $1,037,487 Down ×1
JPM JP Morgan Chase & Co. Common Stock $8,568,965 0.36% 26,178 $981,515 Up ×1
VOO Vanguard S&P 500 ETF $7,835,835 0.33% 11,409 $1,060,198 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,721,018 0.33% 15,430 $1,064,450 Up ×1
SOXX iShares Trust $7,669,257 0.33% 11,969 $3,078,205 Down ×1
AMAT Applied Materials, Inc. - Common Stock $7,596,561 0.32% 10,507 $4,020,412 Up ×3
TDTT Northern Trust iBoxx 3-Year Target Duration TIPS ETF $6,321,470 0.27% 264,386 $-126,831 Down ×1
JLL Jones Lang LaSalle Incorporated Common Stock $5,901,758 0.25% 19,041 $107,200
VNQ Vanguard Real Estate ETF $5,559,565 0.24% 57,654 $389,319 Down ×1
AVGO Broadcom Inc. - Common Stock $5,452,671 0.23% 14,435 $1,146,891 Up ×6
XOM Exxon Mobil Corporation Common Stock $5,335,909 0.23% 39,028 $-1,268,786 Up ×1
DVY iShares Select Dividend ETF $5,022,388 0.21% 32,133 $144,109 Down ×1
JNJ Johnson & Johnson Common Stock $4,431,269 0.19% 17,448 $13,749 Down ×1
DFAT Dimensional ETF Trust $4,393,958 0.19% 62,861 $376,393 Down ×2
SPLV Invesco S&P 500 Low Volatility ETF $4,133,432 0.18% 55,186 $97,127
VEU Vanguard FTSE All World Ex US ETF $3,996,885 0.17% 47,724 $422,350 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $3,974,171 0.17% 7,055 $139,611 Up ×2
MA Mastercard Incorporated Common Stock $3,848,405 0.16% 7,493 $-34,453 Down ×1
CROX Crocs, Inc. - Common Stock $3,820,669 0.16% 31,670 $1,322,597 Up ×4
GE GE Aerospace Common Stock $3,656,949 0.16% 9,785 $937,864 Up ×6
IWF iShares Russell 1000 Growth Fund $3,595,708 0.15% 28,958 $509,849 Up ×3
DFIV Dimensional ETF Trust $3,583,644 0.15% 66,339 $76,056 Down ×1
TSLA Tesla, Inc. - Common Stock $3,457,753 0.15% 8,221 $454,756 Up ×5
ABBV AbbVie Inc. Common Stock $3,313,596 0.14% 13,168 $460,127 Up ×1
MU Micron Technology, Inc. - Common Stock $3,311,659 0.14% 2,869 $2,439,693 Up ×3
EFA iShares Trust $3,279,622 0.14% 31,571 $258,562 Up ×3
LAMR Lamar Advertising Company - Class A Common Stock $3,177,781 0.14% 20,373 $590,877 Down ×1
IWN iShares Russell 2000 Value ETF $3,162,499 0.13% 14,297 $451,929
VB Vanguard Morningstar Small-Cap ETF $3,158,814 0.13% 10,421 $418,345 Down ×3
COST Costco Wholesale Corporation - Common Stock $3,132,890 0.13% 3,349 $-272,908 Down ×1
CAT Caterpillar, Inc. Common Stock $3,072,237 0.13% 2,885 $1,087,132 Up ×6
GEV GE Vernova Inc. Common Stock $3,064,035 0.13% 2,608 $840,758 Up ×6
VUG Vanguard Morningstar Growth ETF $3,050,474 0.13% 35,413 $226,247 Up ×1
V Visa Inc. $3,023,310 0.13% 8,812 $263,254 Down ×2
RSP Invesco Exchange-Traded Fund Trust $2,894,311 0.12% 13,603 $283,623
LLY Eli Lilly and Company Common Stock $2,890,627 0.12% 2,410 $765,038 Up ×2
IXUS iShares Core MSCI Total International Stock ETF $2,813,953 0.12% 29,484 $221,770 Down ×2
HDV iShares Trust $2,767,504 0.12% 100,967 $22,532 Up ×1
C Citigroup, Inc. Common Stock $2,678,135 0.11% 19,135 $525,159 Up ×2
INTC Intel Corporation - Common Stock $2,614,712 0.11% 18,726 $1,843,010 Up ×2
VTV Vanguard Morningstar Value ETF $2,587,817 0.11% 11,875 $257,805 Down ×2
OEF iShares Trust $2,517,918 0.11% 6,882 $245,625 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $2,465,963 0.10% 4,245 $1,664,448 Up ×4
JPST JPMorgan Ultra-Short Income ETF $2,417,651 0.10% 47,808 $-1,912
TJX TJX Companies, Inc. (The) Common Stock $2,295,831 0.10% 15,154 $-122,187 Up ×3
PG Procter & Gamble Company (The) Common Stock $2,246,993 0.10% 15,323 $839 Down ×1
QQQ Invesco QQQ Trust, Series 1 $2,231,292 0.09% 3,030 $533,228 Up ×2
HD Home Depot, Inc. (The) Common Stock $2,140,063 0.09% 6,068 $100,287 Down ×6
ORCL Oracle Corporation Common Stock $2,087,459 0.09% 14,244 $-69,763 Down ×1
GLW Corning Incorporated Common Stock $2,060,810 0.09% 8,068 $976,857 Up ×2
IBDY iShares iBonds Dec 2033 Term Corporate ETF $2,029,556 0.09% 78,833 Up ×1
WMT Walmart Inc. - Common Stock $1,978,223 0.08% 17,466 $-93,303 Up ×2
IVOO Vanguard S&P Mid-Cap 400 ETF $1,923,807 0.08% 14,753 $222,974 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $1,906,052 0.08% 16,227 $684,766 Up ×6
VBR Vanguard Morningstar Small-Cap Value ETF $1,903,062 0.08% 7,832 $200,268 Down ×2
EFAV iShares Trust $1,900,764 0.08% 21,671 $-158,808 Down ×6
RWK Invesco Exchange-Traded Fund Trust II $1,891,734 0.08% 12,934 $230,233 Down ×1
DFUV Dimensional ETF Trust $1,772,079 0.08% 32,214 $243,514 Up ×2
RJF Raymond James Financial, Inc. Common Stock $1,743,481 0.07% 11,468 $-29,183 Down ×1
ITOT iShares Trust $1,686,561 0.07% 10,267 $193,894 Down ×4
RWJ Invesco Exchange-Traded Fund Trust II $1,682,000 0.07% 28,269 $254,986
UBSI United Bankshares, Inc. - Common Stock $1,622,291 0.07% 35,398 $344,401 Up ×4

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IVV $397,459,029 16.92% up ×3
VTIP $131,180,151 5.58% up ×6
IJH $123,697,477 5.27% up ×4
IEFA $96,790,569 4.12% up ×6
VEA $88,757,857 3.78% up ×6
IJR $88,513,019 3.77% up ×4
RWL $45,170,745 1.92% up ×6
IEMG $41,504,347 1.77% up ×6
IBDU $37,575,802 1.60% up ×6
IBDV $37,399,572 1.59% up ×6
IBDW $36,815,189 1.57% up ×6
IBDX $29,609,478 1.26% up ×5
AMZN $14,728,459 0.63% up ×6
MSFT $14,087,171 0.60% up ×6
NVDA $13,935,313 0.59% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IBDY $2,029,556 78,833 0.09%
VSAT $473,389 5,271 0.02%
DELL $375,371 870 0.02%
Unknown issuer (CUSIP: 438516205) $327,678 1,464 0.01%
Unknown issuer (CUSIP: 43849R105) $324,435 1,468 0.01%
CDNS $293,876 783 0.01%
SPGI $293,145 761 0.01%
DB $288,547 8,547 0.01%
APP $262,253 509 0.01%
CIEN $246,752 503 0.01%
MPWR $246,061 178 0.01%
PAYX $245,531 2,497 0.01%
TT $245,090 499 0.01%
WELL $244,220 1,076 0.01%
MRVL $238,312 800 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +4K +$53.4M
IJH Bought more +48K +$18.6M
IJR Bought more +4K +$14.8M
SPYG Trimmed -8K +$12.9M
VEA Bought more +35K +$11.2M
SPY Trimmed -459 +$10.8M
IEFA Bought more +45K +$10.1M
VTIP Bought more +186K +$10.0M
AAPL Trimmed -6K +$7.9M
DDOG Trimmed -15K +$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
PJT June 30, 2026 14,233 $1,988,635 -8.1%
SPEM June 30, 2025 18,706 $736,456 23.1%
BRK-A (filed as BRKA) June 30, 2026 1 $718,140 No longer tracked
HON June 30, 2026 2,941 $664,755 -4.8%
PEG March 31, 2026 6,475 $519,943 -16.4%
PLD June 30, 2025 4,170 $466,165 22.6%
POST June 30, 2026 4,673 $461,973 -17.8%
PPG Sept. 30, 2025 3,553 $404,154 0.0%
BRO March 31, 2026 5,004 $398,819 -9.0%
WTPI Dec. 31, 2025 11,935 $397,085
ADBE March 31, 2026 1,104 $386,389 -1.0%
ICSH Sept. 30, 2025 6,723 $340,924
DD Dec. 31, 2025 4,102 $319,546 223.3%
BND June 30, 2025 4,142 $304,230
GIS March 31, 2026 6,238 $290,067 -14.6%
INTU June 30, 2026 669 $289,263 11.0%
CRVL Sept. 30, 2025 2,793 $287,065 -1.9%
NVO Dec. 31, 2025 5,147 $285,608 -27.1%
AJG Sept. 30, 2025 891 $285,227 -27.0%
UL (filed as ULXXXX) Dec. 31, 2025 4,764 $282,410 -8.7%
INDA March 31, 2026 5,215 $281,871
DOW June 30, 2026 6,723 $280,013 1.9%
SSD Sept. 30, 2025 1,783 $276,918 3.6%
VRSK Sept. 30, 2025 876 $272,874 -34.8%
RACE Dec. 31, 2025 559 $271,238 3.7%
ETN Dec. 31, 2025 716 $267,963 36.9%
PRI Dec. 31, 2025 964 $267,597 7.2%
ACWV Dec. 31, 2025 2,231 $267,525
RDVY March 31, 2026 3,849 $267,391
WTS Sept. 30, 2025 1,073 $263,840 29.5%
SE March 31, 2026 2,057 $262,412 14.9%
MCK June 30, 2026 291 $251,820 19.4%
CMCSA June 30, 2026 8,524 $244,736 -12.5%
IBMO March 31, 2026 9,349 $239,693
EFV June 30, 2026 3,157 $234,723
ROL March 31, 2026 3,910 $234,701 -44.3%
TIP Sept. 30, 2025 2,096 $230,644
BRBR Dec. 31, 2025 6,338 $230,387 -72.2%
VXF Dec. 31, 2025 1,090 $228,181 12.3%
GOLF Sept. 30, 2025 3,133 $228,146 6.6%
CRWD June 30, 2026 584 $228,000 42.4%
SAP March 31, 2026 929 $225,664 22.7%
CMG Sept. 30, 2025 3,936 $221,007 -17.4%
APP March 31, 2026 327 $220,340 -29.5%
TT Sept. 30, 2025 503 $220,018 9.1%
TSN June 30, 2025 3,433 $219,060 -7.4%
WMB Sept. 30, 2025 3,484 $218,831 10.7%
BSX Dec. 31, 2025 2,241 $218,789 -55.1%
IJK March 31, 2026 2,239 $216,915 9.9%
CDNS Dec. 31, 2025 617 $216,728 14.7%
RBC Sept. 30, 2025 563 $216,643 30.8%
MRSH Sept. 30, 2025 984 $215,142 -16.1%
SPGI March 31, 2026 411 $214,785 -9.2%
CEG March 31, 2026 606 $214,082 -6.3%
FCN Sept. 30, 2025 1,324 $213,826 -15.6%
ZTS Sept. 30, 2025 1,370 $213,652 -52.4%
SYY June 30, 2025 2,844 $213,414 1.5%
WCN Sept. 30, 2025 1,132 $211,368 -13.5%
STLD June 30, 2025 1,684 $210,635 85.7%
PYPL March 31, 2026 3,607 $210,577 18.1%
IDXX March 31, 2026 310 $209,725 -7.7%
MDT June 30, 2026 2,420 $209,693 10.3%
NEU Dec. 31, 2025 252 $208,709 34.6%
FNDE Sept. 30, 2025 6,316 $208,492
GSLC March 31, 2026 1,571 $207,954
PRU Sept. 30, 2025 1,932 $207,575 8.5%
VRTX Sept. 30, 2025 466 $207,464 28.1%
NEM June 30, 2026 1,910 $206,758 21.7%
SJM June 30, 2025 1,743 $206,389 19.7%
SYY Dec. 31, 2025 2,506 $206,345 4.3%
D Sept. 30, 2025 3,647 $206,129 -0.9%
KMX Sept. 30, 2025 3,057 $205,461 22.4%
AMT Dec. 31, 2025 1,064 $204,629 -8.4%
XLF Dec. 31, 2025 3,792 $204,276 -2.3%
BMY June 30, 2025 3,323 $202,670 28.8%
USB Dec. 31, 2025 4,181 $202,068 7.5%
TEL March 31, 2026 887 $201,802 4.8%
PAYX March 31, 2026 1,797 $201,588 7.4%
REGN Sept. 30, 2025 382 $200,550 29.8%
WM June 30, 2026 872 $200,377 -8.2%
BRLT June 30, 2026 148,273 $197,204 23.0%
EMD Sept. 30, 2025 10,581 $106,340 -10.1%
DRIO Sept. 30, 2025 17,850 $11,960 -62.8%