Sector breakdown

04
Technology 10.9%
Financials 5.1%
Retail 4.1%
Communication Services 3.9%
Health Care 3.8%
Industrials 2.7%
Real Estate 1.8%
Consumer Discretionary 1.6%
Materials 1.5%
Energy 1.3%
Consumer Staples 0.2%
Other/Unmapped 63.1%

Full portfolio 45 positions

05
Type Streak 8Q trend
BBEU J.P. Morgan Exchange-Traded Fund Trust $31,313,391 8.02% 402,641 $89,982 Down ×1
HEGD Listed Funds Trust $20,029,205 5.13% 751,283 $3,067,419 Up ×2
BKGI BNY Mellon ETF Trust $19,686,742 5.04% 437,775 $277,323 Up ×1
JPST J.P. Morgan Exchange-Traded Fund Trust $17,909,922 4.59% 354,161 $-1,311,756 Down ×1
AAPR Innovator Equity Defined Protection ETF - 2 Yr to April 2028 $17,488,909 4.48% 592,967 Up ×1
TJUL Innovator Equity Defined Protection ETF - 2 Yr to July 2027 $17,064,442 4.37% 564,487 $857,074 Up ×1
DMBS DoubleLine ETF Trust $16,732,794 4.28% 340,863 $232,467 Up ×5
FLMI Franklin Templeton ETF Trust $16,267,195 4.16% 646,293 $563,176 Up ×3
FLCO Franklin Templeton ETF Trust $16,105,514 4.12% 751,190 $391,695 Up ×1
FEGE RBB Fund Trust $15,047,841 3.85% 307,601 $1,594,373 Up ×1
AVEM AMERICAN CENTURY ETF TRUST $12,176,363 3.12% 126,193 $4,330,852 Up ×2
SNDK Sandisk Corporation - Common Stock $10,206,774 2.61% 4,489 Up ×1
AMZN Amazon.com, Inc. - Common Stock $10,003,606 2.56% 41,972 $312,386 Down ×4
GOOG Alphabet Inc. - Class C Capital Stock $9,007,795 2.31% 25,494 $482,316 Down ×4
VPL VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $8,699,078 2.23% 75,193 Up ×1
CARY Angel Oak Income ETF $8,562,877 2.19% 412,073 $369,381 Up ×2
FPEI First Trust Exchange-Traded Fund III $8,328,805 2.13% 431,768 $431,417 Up ×1
XTWO BondBloxx ETF Trust $7,922,509 2.03% 161,849 $-1,552,627 Down ×2
NVDA NVIDIA Corporation - Common Stock $7,896,352 2.02% 39,464 $814,491 Down ×1
AVGO Broadcom Inc. - Common Stock $7,838,313 2.01% 20,750 $1,104,304 Down ×1
CVS CVS Health Corporation Common Stock $7,833,027 2.01% 75,718 $2,099,493 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,189,604 1.84% 14,368 $-760,803 Down ×3
WELL Welltower Inc. Common Stock $7,080,556 1.81% 31,196 $623,743 Down ×1
ABBV AbbVie Inc. Common Stock $7,070,077 1.81% 28,096 $1,001,454 Up ×2
MSFT Microsoft Corporation - Common Stock $6,405,499 1.64% 17,172 $670,085 Up ×2
V Visa Inc. $6,351,282 1.63% 18,512 $796,111 Up ×2
MSI Motorola Solutions, Inc. Common Stock $6,285,829 1.61% 15,136 $78,756 Up ×3
HLT Hilton Worldwide Holdings Inc. Common Stock $6,191,499 1.59% 18,736 $433,440 Down ×1
JPM JP Morgan Chase & Co. Common Stock $6,052,332 1.55% 18,490 $554,482 Down ×6
WMT Walmart Inc. - Common Stock $5,932,559 1.52% 52,380 $-1,004,626 Down ×5
NUE Nucor Corporation Common Stock $5,896,861 1.51% 26,473 $1,244,920 Down ×1
AAPL Apple Inc. - Common Stock $5,676,433 1.45% 19,617 $665,552 Down ×1
JCI Johnson Controls International plc Ordinary Share $5,481,901 1.40% 37,519 $735,749 Up ×4
UNP Union Pacific Corporation Common Stock $5,058,384 1.29% 18,597 Up ×1
DVN Devon Energy Corporation Common Stock $4,993,687 1.28% 120,854 $-1,110,833 Down ×1
ORCL Oracle Corporation Common Stock $4,573,679 1.17% 31,209 $160,526 Up ×2
PSC Principal U.S. Small-Cap ETF $4,173,792 1.07% 59,520
IOO iShares Trust $3,736,283 0.96% 27,352 Up ×1
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF $3,639,084 0.93% 72,942 Up ×1
PEP PepsiCo, Inc. - Common Stock $657,232 0.17% 4,854 $-3,376,426 Down ×1
VTI VANGUARD INDEX FUNDS $646,460 0.17% 1,747 $86,005
XONE BondBloxx ETF Trust $497,551 0.13% 10,078 $-705,636 Down ×4
HELO J.P. Morgan Exchange-Traded Fund Trust $331,818 0.08% 4,910 $18,020
SPIB SPDR SERIES TRUST $296,489 0.08% 8,861 $-709
AFL AFLAC Incorporated Common Stock $270,144 0.07% 2,304 $17,372

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
DMBS $16,732,794 4.28% up ×5
FLMI $16,267,195 4.16% up ×3
MSI $6,285,829 1.61% up ×3
JCI $5,481,901 1.40% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AAPR $17,488,909 592,967 4.48%
SNDK $10,206,774 4,489 2.61%
VPL $8,699,078 75,193 2.23%
UNP $5,058,384 18,597 1.29%
PSC $4,173,792 59,520 1.07%
IOO $3,736,283 27,352 0.96%
RBIL $3,639,084 72,942 0.93%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AVEM Bought more +29K +$4.3M
HEGD Bought more +65K +$3.1M
CVS Trimmed -4K +$2.1M
FEGE Bought more +21K +$1.6M
XTWO Trimmed -30K -$1.6M
JPST Trimmed -26K -$1.3M
NUE Trimmed -1K +$1.2M
DVN Trimmed -460 -$1.1M
AVGO Trimmed -1K +$1.1M
WMT Trimmed -3K -$1.0M

1 position 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
AOCT June 30, 2026 672,374 $17,788,327
CGXU June 30, 2025 690,787 $16,910,466
PSC June 30, 2025 316,839 $15,385,575
JHCB March 31, 2026 446,625 $9,606,904
ZAUG March 31, 2026 281,218 $7,512,626
FTHI Sept. 30, 2025 323,505 $7,392,089
ZSEP March 31, 2026 271,749 $7,277,438
ZDEK Sept. 30, 2025 275,971 $6,772,328
YLD Sept. 30, 2025 324,134 $6,278,476
FANG June 30, 2025 35,905 $5,740,491 34.4%
ISRG Sept. 30, 2025 10,371 $5,635,705 -12.4%
CAT June 30, 2025 15,871 $5,234,256 117.8%
AZO Dec. 31, 2025 1,213 $5,204,061 -17.7%
NEE June 30, 2026 51,375 $4,771,710 -12.5%
META June 30, 2026 7,586 $4,340,178 29.3%
CRM Sept. 30, 2025 15,243 $4,156,614 -1.0%
PWR June 30, 2025 16,191 $4,115,428 78.9%
BSCW March 31, 2026 191,762 $4,003,032
BSCV March 31, 2026 239,712 $4,001,992
BSCU March 31, 2026 236,454 $4,000,802
USMC June 30, 2026 62,166 $3,998,026
UBER June 30, 2026 54,125 $3,893,211 -5.6%
VST June 30, 2025 33,133 $3,891,140 -27.8%
BKNG June 30, 2025 838 $3,860,591 -97.3%
ADP Dec. 31, 2025 11,834 $3,473,279 0.2%
BSCT Sept. 30, 2025 136,870 $2,559,469
LLY Sept. 30, 2025 2,358 $1,838,132 49.8%
QGRO June 30, 2026 16,214 $1,702,956
JMST Sept. 30, 2025 23,238 $1,183,279
XOM Dec. 31, 2025 2,447 $275,899 36.3%
BILS Dec. 31, 2025 2,435 $242,331
XOM June 30, 2026 1,342 $227,684 20.0%