Sector breakdown

04
Financials 1.6%
Technology 1.3%
Retail 0.5%
Consumer products 0.4%
Industrials 0.2%
Consumer Discretionary 0.1%
Utilities 0.1%
Healthcare 0.1%
Consumer Staples 0.1%
Energy 0.1%
Communication Services 0.0%
Other/Unmapped 95.5%

Full portfolio 166 positions

05
Type Streak 8Q trend
SPYG SPDR SERIES TRUST $96,763,678 9.57% 906,876 $-8,036,975 Down ×5
SPYV SPDR SERIES TRUST $92,461,609 9.15% 1,627,559 $-7,072,980 Down ×1
SPYM State Street SPDR Portfolio S&P 500 ETF $88,702,724 8.77% 1,105,743 $-657,685 Down ×1
DYNF BlackRock ETF Trust $48,307,686 4.78% 794,404 $-667,059 Down ×1
SPDW SPDR INDEX SHARES FUNDS $36,878,060 3.65% 830,400 $-3,078,132 Down ×5
SPTI SPDR SERIES TRUST $33,620,478 3.33% 1,165,759 $-4,279,835 Down ×1
JMBS Janus Detroit Street Trust $28,336,388 2.80% 620,188 $-3,214,253 Down ×1
IEMG iShares, Inc. $27,223,071 2.69% 404,985 $-363,415 Down ×1
SPSM SPDR SERIES TRUST $25,718,221 2.54% 548,831 $-2,581,197 Down ×1
CGBL Capital Group Core Balanced ETF $23,703,643 2.34% 670,921 $-89,619 Down ×1
SPEM SPDR INDEX SHARES FUNDS $22,293,535 2.21% 476,256 $-1,634,844 Down ×2
IVLU iShares Trust $21,945,609 2.17% 576,757 $-297,419 Down ×2
CGDV Capital Group Dividend Value ETF $21,802,492 2.16% 499,599 $-87,848 Down ×1
IUSB iShares Core Universal USD Bond ETF $20,837,513 2.06% 447,733 $-401,724 Down ×2
RECS Columbia ETF Trust I $19,890,519 1.97% 487,035 $-126,983 Down ×1
SPIB SPDR SERIES TRUST $17,462,561 1.73% 516,491 $-2,187,700 Down ×1
QUAL iShares Trust $16,595,239 1.64% 83,553 $-226,655 Down ×2
SPMO Invesco Exchange-Traded Fund Trust II $14,734,876 1.46% 123,490 $-195,016 Down ×1
JBND J.P. Morgan Exchange-Traded Fund Trust $14,725,951 1.46% 272,350 $-76,873 Down ×1
QEFA SPDR INDEX SHARES FUNDS $14,555,222 1.44% 160,530 $0
THRO iShares U.S. Thematic Rotation Active ETF $14,364,400 1.42% 372,521 $-189,571 Down ×1
BAI iShares A.I. Innovation and Tech Active ETF $13,895,706 1.37% 417,288 $-188,670 Down ×1
FEGE RBB Fund Trust $13,747,000 1.36% 298,673 $-45,177 Down ×1
CGGO Capital Group Global Growth Equity ETF $13,059,167 1.29% 376,888 $-80,292 Down ×1
VOO VANGUARD INDEX FUNDS $11,939,963 1.18% 19,039 $0
GTO Invesco Actively Managed Exchange-Traded Fund Trust $11,856,766 1.17% 250,037 $-34,652 Down ×5
GLDM SPDR Gold MiniShares Trust $10,684,852 1.06% 125,159 $-176,545 Down ×1
LPLA LPL Financial Holdings Inc. - Common Stock $10,223,607 1.01% 28,624 $0
OAKM Harris Oakmark ETF Trust $10,081,501 1.00% 355,483 $-43,898 Down ×1
CGMS Capital Group Fixed Income ETF Trust $9,895,598 0.98% 358,277 $-5,471 Down ×1
JPEM J.P. Morgan Exchange-Traded Fund Trust $9,667,659 0.96% 159,191 $0
BINC iShares Flexible Income Active ETF $9,436,918 0.93% 178,831 $-198,538 Down ×1
IVV iShares Trust $9,354,844 0.93% 13,658 $0
CGGR Capital Group Growth ETF $8,942,640 0.88% 201,094 $-81,525 Down ×1
IAGG iShares Trust $8,652,381 0.86% 173,013 $-176,588 Down ×1
CGIE Capital Group International Equity ETF $7,491,170 0.74% 215,140 $-76,771 Down ×1
SLYG SPDR SERIES TRUST $7,155,866 0.71% 75,973 $-770,369 Down ×2
SPMD SPDR SERIES TRUST $7,085,643 0.70% 122,356 $-17,940 Down ×1
JIVE JPMorgan International Value ETF $7,074,443 0.70% 88,124 $-34,600 Down ×1
SHLD Global X Funds $6,620,048 0.65% 102,177 $-96,407 Down ×1
SPAB SPDR SERIES TRUST $6,456,396 0.64% 250,734 $-126,024 Down ×5
SPTL SPDR SERIES TRUST $6,305,127 0.62% 238,199 $-113,927 Down ×1
MSFT Microsoft Corporation - Common Stock $5,313,284 0.53% 10,986 $-171,629 Down ×4
AAPL Apple Inc. - Common Stock $4,323,270 0.43% 15,903 $-233,156 Down ×1
AVUS AMERICAN CENTURY ETF TRUST $4,201,587 0.42% 37,588 $0
PRF Invesco Exchange-Traded Fund Trust $3,760,570 0.37% 80,149 $-147,952 Down ×1
PG Procter & Gamble Company (The) Common Stock $3,692,052 0.37% 25,763 $0
SPTM SPDR SERIES TRUST $3,356,638 0.33% 40,687 $-6,746 Down ×5
AXP American Express Company Common Stock $3,308,666 0.33% 8,944 $-303,555 Down ×4
PXF Invesco Exchange-Traded Fund Trust II $3,278,576 0.32% 50,020 $-46,843 Down ×1
OSEA Harbor ETF Trust $3,078,609 0.30% 101,772 $-31,103 Down ×1
RLY SSGA Active Trust $2,368,292 0.23% 75,303 $-14,427 Down ×1
TGRT T. Rowe Price Exchange-Traded Funds, Inc. $2,320,230 0.23% 52,435 $0
PXH Invesco Exchange-Traded Fund Trust II $2,270,272 0.22% 87,961 $-30,024 Down ×1
RSP Invesco Exchange-Traded Fund Trust $2,203,023 0.22% 11,500 $0
JPME J.P. Morgan Exchange-Traded Fund Trust $2,119,305 0.21% 19,504 $0
PDN Invesco Exchange-Traded Fund Trust II $2,108,781 0.21% 49,988 $-24,624 Down ×5
NVDA NVIDIA Corporation - Common Stock $1,909,029 0.19% 10,236 $0
VXF VANGUARD INDEX FUNDS $1,893,977 0.19% 9,057 $0
WMT Walmart Inc. - Common Stock $1,860,124 0.18% 16,696 $-246,845 Down ×4
COST Costco Wholesale Corporation - Common Stock $1,829,038 0.18% 2,121 $61,657 Up ×3
QGRO AMERICAN CENTURY ETF TRUST $1,626,575 0.16% 14,203 $0
IJR iShares Trust $1,594,439 0.16% 13,267 $0
VOOG VANGUARD ADMIRAL FUNDS $1,557,399 0.15% 3,503 $0
PAAA PGIM ETF Trust $1,551,568 0.15% 30,269 $0
ISCF iShares Trust $1,416,497 0.14% 34,149 $-7,550 Down ×1
AVUV AMERICAN CENTURY ETF TRUST $1,387,438 0.14% 13,605 $0
JPSE J.P. Morgan Exchange-Traded Fund Trust $1,368,472 0.14% 27,329 $0
IJH iShares Trust $1,274,250 0.13% 19,307 $0
PRFZ Invesco RAFI US 1500 Small-Mid ETF $1,238,647 0.12% 26,992 $-16,269 Down ×1
FLSP Franklin Templeton ETF Trust $1,212,253 0.12% 45,048 $-592 Down ×2
IVW iShares Trust $1,196,933 0.12% 9,711 $0
VOOV VANGUARD ADMIRAL FUNDS $1,155,149 0.11% 5,639 $0
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,077,682 0.11% 2,144 $11,561 Up ×1
CALI iShares Short-Term California Muni Active ETF $1,076,785 0.11% 21,339 $0
IEFA iShares Trust $1,044,079 0.10% 11,671 $0
CGMU Capital Group Fixed Income ETF Trust $1,027,677 0.10% 37,534 $0
SLYV SPDR SERIES TRUST $905,943 0.09% 9,959 $-841 Down ×5
TSLA Tesla, Inc. - Common Stock $872,007 0.09% 1,939 $135,590 Up ×2
EIX Edison International Common Stock $805,662 0.08% 13,423 $26,049 Up ×2
HD Home Depot, Inc. (The) Common Stock $785,303 0.08% 2,282 $0
NURE Nushares ETF Trust $777,047 0.08% 27,594 $0
EMHC SPDR SERIES TRUST $716,488 0.07% 28,142 $-9,312 Down ×1
CGIC Capital Group International Core Equity ETF $709,085 0.07% 21,818 $0
JPLD J.P. Morgan Exchange-Traded Fund Trust $635,558 0.06% 12,143 $-431 Down ×1
SPIP SPDR SERIES TRUST $625,416 0.06% 24,101 $-15,633 Down ×1
JSML Janus Henderson Small Cap Growth Alpha ETF $614,849 0.06% 8,358 $0
BAC Bank of America Corporation Common Stock $587,556 0.06% 10,683 $0
IDHQ Invesco Exchange-Traded Fund Trust II $582,824 0.06% 16,581 $0
V Visa Inc. $580,046 0.06% 1,654 $-272,347 Down ×3
EUSB iShares Trust $571,857 0.06% 13,023 $-172,550 Down ×1
FLBL Franklin Templeton ETF Trust $541,308 0.05% 23,113 $-7,297 Down ×1
CGCV Capital Group Conservative Equity ETF $528,355 0.05% 17,329 $0
QQQM Invesco NASDAQ 100 ETF $521,640 0.05% 2,062 $0
AMAT Applied Materials, Inc. - Common Stock $521,433 0.05% 2,029 $0
QQQ Invesco QQQ Trust, Series 1 $504,349 0.05% 821 $0
EFA iShares Trust $499,452 0.05% 5,201 $0
GSLC Goldman Sachs ETF Trust $486,327 0.05% 3,674 $0
WFC Wells Fargo & Company Common Stock $484,524 0.05% 5,199 $-325,034 Down ×1
BA Boeing Company (The) Common Stock $479,213 0.05% 2,207 $8,902 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
COST $1,829,038 0.18% up ×3

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYG Trimmed -75K -$8.0M
SPYV Trimmed -125K -$7.1M
SPTI Trimmed -148K -$4.3M
JMBS Trimmed -70K -$3.2M
SPDW Trimmed -69K -$3.1M
SPSM Trimmed -55K -$2.6M
SPIB Trimmed -65K -$2.2M
SPEM Trimmed -35K -$1.6M
SLYG Trimmed -8K -$770K
DYNF Trimmed -11K -$667K

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
SPHQ June 30, 2025 291,139 $19,515,052
TOTL Dec. 31, 2025 322,432 $12,932,728
IYW Dec. 31, 2025 49,820 $8,632,230 33.3%
JGLO Dec. 31, 2025 108,433 $6,976,598
XCEM Sept. 30, 2025 204,916 $6,052,196
SPMB June 30, 2025 269,723 $5,812,522
FDVV Dec. 31, 2025 106,753 $5,553,276
HEFA Sept. 30, 2025 122,473 $4,444,557
LVHI Dec. 31, 2025 122,902 $4,000,454
PREF Sept. 30, 2025 209,390 $3,915,584 -3.6%
EQIN June 30, 2025 48,010 $2,129,040
PAVE June 30, 2025 50,147 $2,026,434
INEQ June 30, 2025 52,708 $1,546,558
SPBO June 30, 2025 39,783 $1,139,375
SHV Sept. 30, 2025 7,772 $858,534
ACN Dec. 31, 2025 1,767 $528,125 -25.9%
IBM March 31, 2026 1,710 $506,434 -8.1%
GOOGL March 31, 2026 1,590 $497,648 19.5%
C March 31, 2026 4,095 $477,809 13.3%
SPLV Sept. 30, 2025 5,958 $445,176
URA June 30, 2025 16,537 $442,855
QPFF Sept. 30, 2025 12,282 $434,540
HAS March 31, 2026 4,774 $391,468 -4.3%
STPZ Dec. 31, 2025 7,266 $390,961
CHD March 31, 2026 4,645 $389,487 1.1%
HLT March 31, 2026 1,273 $365,782 5.0%
GILD March 31, 2026 2,842 $348,852 3.9%
FLCH Sept. 30, 2025 15,987 $341,478
NFLX March 31, 2026 3,574 $335,098 -30.3%
XLF June 30, 2025 6,724 $324,967 2.1%
DGRW June 30, 2025 3,933 $318,262
IGV Dec. 31, 2025 2,805 $307,148 0.3%
XLI Sept. 30, 2025 2,330 $305,387 10.2%
KRE Sept. 30, 2025 5,364 $304,965
CVX June 30, 2025 2,004 $290,264 44.3%
AZO March 31, 2026 85 $288,278 -17.3%
GPIX Dec. 31, 2025 5,758 $286,877
JPST June 30, 2025 5,648 $284,487
XLY Sept. 30, 2025 1,424 $281,185 No longer tracked
DVA Dec. 31, 2025 1,858 $264,672 57.3%
PFFD Sept. 30, 2025 13,864 $263,968
IHI Sept. 30, 2025 4,304 $259,034 -14.1%
XLU Sept. 30, 2025 3,276 $258,273 No longer tracked
CHD Sept. 30, 2025 2,275 $250,437 7.6%
DHS Dec. 31, 2025 2,516 $241,449
ORCL Sept. 30, 2025 1,710 $239,075 -49.4%
PHYL Sept. 30, 2025 6,702 $233,349
PRU Dec. 31, 2025 2,103 $225,944 -0.2%
AVIG Dec. 31, 2025 5,410 $225,176
AGG June 30, 2025 2,187 $211,882
SRE June 30, 2025 2,383 $209,037 3.4%
XLC Dec. 31, 2025 1,864 $202,341 -6.3%
XLK Dec. 31, 2025 797 $201,798 38.8%