Sector breakdown

04
Technology 3.9%
Financials 1.3%
Communication Services 1.2%
Retail 0.8%
Healthcare 0.7%
Industrials 0.4%
Consumer Staples 0.2%
Materials 0.1%
Consumer products 0.1%
Consumer Discretionary 0.1%
Utilities 0.1%
Energy 0.1%
Other/Unmapped 91.1%

Full portfolio 239 positions

05
Type Streak 8Q trend
VCIT Vanguard Intermediate-Term Corporate Bond ETF $113,425,175 10.42% 1,372,355 $819,929 Up ×4
IEFA iShares Core MSCI EAFE ETF $99,179,258 9.11% 1,026,913 $8,040,534 Up ×6
IWD iShares Russell 1000 Value ETF $50,218,647 4.61% 207,147 $2,834,547 Down ×2
EMXC iShares MSCI Emerging Markets ex China ETF $45,605,954 4.19% 445,806 $6,505,641 Down ×1
IWR iShares Russell Mid-Cap ETF $42,066,230 3.86% 381,311 $6,164,344 Up ×6
MUB iShares Trust $30,341,629 2.79% 281,933 $2,608,243 Up ×3
IWF iShares Russell 1000 Growth Fund $29,990,035 2.76% 241,524 $4,424,370 Up ×1
JPIE JPMorgan Income ETF $29,368,249 2.70% 637,747 $8,894,971 Up ×6
SOXX iShares Trust $24,955,825 2.29% 38,947 $9,701,347 Down ×2
FPEI First Trust Exchange-Traded Fund III $24,326,488 2.23% 1,261,093 $1,254,504 Up ×6
VUG Vanguard Morningstar Growth ETF $24,010,112 2.21% 278,734 $3,543,288 Up ×3
QUAL iShares Trust $22,119,236 2.03% 100,803 $2,775,763 Down ×2
SUB iShares Short-Term National Muni Bond ETF $21,188,686 1.95% 199,011 $319,585 Up ×2
SCHD SCHWAB STRATEGIC TRUST $20,065,959 1.84% 632,796 $813,888 Up ×1
VTV Vanguard Morningstar Value ETF $19,828,015 1.82% 90,983 $1,555,867 Down ×2
NYF iShares Trust $19,747,234 1.81% 366,334 $1,114,278 Up ×5
IYJ iShares U.S. Industrials ETF $18,937,106 1.74% 113,634 $2,662,559 Up ×4
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $18,181,420 1.67% 94,818 $2,512,197 Down ×1
CIBR First Trust NASDAQ Cybersecurity ETF $17,750,553 1.63% 197,558 $4,773,501 Down ×1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $17,615,532 1.62% 305,454 $2,974,572 Up ×1
VCSH Vanguard Short-Term Corporate Bond ETF $14,897,669 1.37% 188,507 $7,114,504 Up ×3
JEPI JPMorgan Equity Premium Income ETF $14,826,411 1.36% 262,507 $1,028,986 Up ×1
AVUV AMERICAN CENTURY ETF TRUST $13,757,659 1.26% 110,273 $2,158,972 Up ×3
MSFT Microsoft Corporation - Common Stock $12,693,220 1.17% 34,028 $83,655 Down ×1
AAPL Apple Inc. - Common Stock $12,543,927 1.15% 43,351 $2,411,819 Up ×1
SPY SPY $12,460,060 1.14% 16,685 $1,794,958 Up ×1
VTEB Vanguard Tax-Exempt Bond ETF $11,890,599 1.09% 235,085 $-416,865 Down ×2
IWP iShares Russell Midcap Growth ETF $11,360,956 1.04% 77,597 $1,341,963 Down ×1
JTEK JPMorgan U.S. Tech Leaders ETF $11,130,507 1.02% 99,779 $5,206,050 Up ×1
IVV iShares Trust $11,113,811 1.02% 14,840 $1,773,497 Up ×1
IWS iShares Russell Mid-Cap Value ETF $9,184,186 0.84% 55,797 $964,741 Down ×5
XLP XLP $9,057,039 0.83% 109,029 $482,259 Up ×2
IEMG iShares, Inc. $8,177,551 0.75% 98,715 $3,046,253 Up ×4
FLRN SPDR SERIES TRUST $7,846,119 0.72% 254,331 $-15,214 Down ×1
XJUN First Trust Exchange-Traded Fund VIII $7,372,714 0.68% 165,940 $866,445 Up ×1
VONG Vanguard Russell 1000 Growth ETF $7,233,407 0.66% 56,595 $925,464 Down ×1
NVDA NVIDIA Corporation - Common Stock $6,784,975 0.62% 33,910 $730,897 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $6,472,328 0.59% 18,111 $1,844,912 Up ×1
VO Vanguard Morningstar Mid-Cap ETF $5,922,540 0.54% 73,508 $636,992 Up ×1
JSCP JPMorgan Short Duration Core Plus ETF $5,621,004 0.52% 119,228 $793,188 Up ×4
SUSC iShares ESG Aware USD Corporate Bond ETF $5,452,664 0.50% 235,522 $388,816 Up ×4
BBUS J.P. Morgan Exchange-Traded Fund Trust $5,334,912 0.49% 39,600 $975,347 Up ×4
VOO Vanguard S&P 500 ETF $5,284,010 0.49% 7,694 $640,745 Down ×3
AMZN Amazon.com, Inc. - Common Stock $4,490,326 0.41% 18,840 $538,403 Down ×3
ESGD iShares ESG Aware MSCI EAFE ETF $4,382,585 0.40% 42,628 $346,178 Up ×6
JIRE JPMorgan International Research Enhanced Equity ETF $4,151,392 0.38% 50,326 $674,320 Up ×4
IWM iShares Russell 2000 Index Fund $4,055,474 0.37% 13,498 $772,450 Up ×1
JCPB JPMorgan Core Plus Bond ETF $3,793,597 0.35% 80,818 $1,406,735 Up ×1
VEA Vanguard FTSE Developed Markets ETF $3,756,015 0.35% 52,716 $369,643 Down ×2
NULV Nushares ETF Trust $3,445,811 0.32% 68,930 $195,245 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,353,874 0.31% 9,492 $1,422,684 Up ×1
AVLV AMERICAN CENTURY ETF TRUST $3,261,487 0.30% 35,758 $609,499 Up ×3
AVGO Broadcom Inc. - Common Stock $3,223,341 0.30% 8,533 $535,556 Down ×2
VB Vanguard Morningstar Small-Cap ETF $3,048,175 0.28% 10,056 $444,952 Up ×3
IWO iShares Russell 2000 Growth Fund $3,033,632 0.28% 7,700 $644,221 Up ×1
JPM JP Morgan Chase & Co. Common Stock $2,890,372 0.27% 8,830 $274,364 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,801,183 0.26% 5,598 $252,797 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $2,754,214 0.25% 7,443 $887,094 Up ×1
NULG Nushares ETF Trust $2,634,435 0.24% 22,505 $463,879 Down ×1
QQQ Invesco QQQ Trust, Series 1 $2,626,905 0.24% 3,567 $873,302 Up ×2
JGRO JPMorgan Active Growth ETF $2,537,214 0.23% 25,735 $346,287 Down ×1
LRCX Lam Research Corporation - Common Stock $2,423,615 0.22% 5,593 $1,206,180 Down ×5
XLK SELECT SECTOR SPDR TRUST $2,376,165 0.22% 12,472 $612,715 Down ×1
COST Costco Wholesale Corporation - Common Stock $2,258,648 0.21% 2,414 $258,362 Up ×1
VWO Vanguard FTSE Emerging Markets ETF $2,239,808 0.21% 37,524 $203,150 Down ×2
AGG iShares Trust $2,203,295 0.20% 22,260 $-35,244 Down ×2
IWN iShares Russell 2000 Value ETF $2,164,000 0.20% 9,783 $293,884 Down ×3
IUSB iShares Core Universal USD Bond ETF $2,119,346 0.19% 45,923 $406,944 Up ×2
JMUB JPMorgan Municipal ETF $2,089,620 0.19% 41,252 $411,056 Up ×1
ESGE iShares ESG Aware MSCI EM ETF $2,044,039 0.19% 37,375 $272,982 Down ×1
AXP American Express Company Common Stock $1,958,698 0.18% 5,791 $187,774 Down ×5
IWB iShares Russell 1000 ETF $1,950,449 0.18% 4,763 $252,154
IGM iShares Expanded Tech Sector ETF $1,901,454 0.17% 11,624 $523,894
VONV Vanguard Russell 1000 Value ETF $1,855,322 0.17% 17,452 $185,719 Down ×2
SPYM State Street SPDR Portfolio S&P 500 ETF $1,788,534 0.16% 20,352 $232,552 Up ×2
BUFR First Trust Exchange-Traded Fund VIII $1,718,737 0.16% 47,050 $106,726 Down ×1
V Visa Inc. $1,685,601 0.15% 4,913 $411,055 Up ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $1,617,317 0.15% 32,096 $152,135
VOE Vanguard Morningstar Mid-Cap Value ETF $1,565,980 0.14% 7,925 $85,290 Down ×2
ACYN FT Vest Laddered Autocallable Barrier & Income ETF $1,527,961 0.14% 73,495 Up ×1
VOT Vanguard Morningstar Mid-Cap Growth ETF $1,519,248 0.14% 4,960 $187,462 Down ×3
JNJ Johnson & Johnson Common Stock $1,509,598 0.14% 5,944 $26,092 Down ×4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $1,490,914 0.14% 22,068 $329,847 Up ×3
SPYV State Street SPDR Portfolio S&P 500 Value ETF $1,475,191 0.14% 24,267 $123,891 Up ×2
BINC iShares Flexible Income Active ETF $1,427,783 0.13% 27,279 $-168,493 Down ×1
MA Mastercard Incorporated Common Stock $1,389,288 0.13% 2,705 $-21,252 Down ×4
VGT Vanguard Information Tech ETF $1,359,066 0.12% 11,371 $380,850 Up ×4
IWY iShares Russell Top 200 Growth ETF $1,357,195 0.12% 4,670 $88,111 Down ×3
ABBV AbbVie Inc. Common Stock $1,355,412 0.12% 5,386 $182,638 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $1,354,149 0.12% 2,404 $15,365 Up ×1
NUSC Nushares ETF Trust $1,346,416 0.12% 25,833 $203,785 Up ×6
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $1,333,341 0.12% 53,355 $134,557 Up ×4
VBK Vanguard Morningstar Small-Cap Growth ETF $1,320,908 0.12% 3,612 $168,731 Down ×2
VBR Vanguard Morningstar Small-Cap Value ETF $1,212,034 0.11% 4,988 $128,391
SUSA iShares ESG Optimized MSCI USA ETF $1,202,306 0.11% 7,792 $144,978 Down ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $1,198,705 0.11% 10,074 $177,308 Down ×1
MS Morgan Stanley Common Stock $1,184,003 0.11% 5,664 $679,761 Up ×1
MARM First Trust Exchange-Traded Fund VIII $1,167,335 0.11% 34,201 $-92,785 Down ×2
SPEM State Street SPDR Portfolio Emerging Markets ETF $1,132,636 0.10% 21,874 $112,390 Up ×2
LLY Eli Lilly and Company Common Stock $1,104,724 0.10% 921 $282,417 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VCIT $113,425,175 10.42% up ×4
IEFA $99,179,258 9.11% up ×6
IWR $42,066,230 3.86% up ×6
MUB $30,341,629 2.79% up ×3
JPIE $29,368,249 2.70% up ×6
FPEI $24,326,488 2.23% up ×6
VUG $24,010,112 2.21% up ×3
NYF $19,747,234 1.81% up ×5
IYJ $18,937,106 1.74% up ×4
VCSH $14,897,669 1.37% up ×3
AVUV $13,757,659 1.26% up ×3
IEMG $8,177,551 0.75% up ×4
JSCP $5,621,004 0.52% up ×4
SUSC $5,452,664 0.50% up ×4
BBUS $5,334,912 0.49% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ACYN $1,527,961 73,495 0.14%
AMD $342,737 590 0.03%
C $287,898 2,057 0.03%
NKE $283,548 6,907 0.03%
VMBS $280,954 6,002 0.03%
IALT $270,626 9,648 0.02%
ELV $258,722 669 0.02%
Unknown issuer (CUSIP: 438516205) $256,366 1,145 0.02%
Unknown issuer (CUSIP: 43849R105) $253,137 1,145 0.02%
CARR $251,444 3,428 0.02%
GGOV $246,823 4,908 0.02%
DAL $234,150 2,500 0.02%
BLCR $231,501 4,596 0.02%
BK $222,989 1,542 0.02%
FTEC $220,753 773 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SOXX Trimmed -7K +$9.7M
JPIE Bought more +193K +$8.9M
IEFA Bought more +20K +$8.0M
VCSH Bought more +90K +$7.1M
EMXC Trimmed -51K +$6.5M
IWR Bought more +12K +$6.2M
JTEK Bought more +25K +$5.2M
CIBR Trimmed -9K +$4.8M
IWF Bought more +182K +$4.4M
VUG Bought more +232K +$3.5M

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
BNDX Sept. 30, 2025 43,646 $2,160,913
TPL June 30, 2025 1,491 $1,975,560 -2.1%
TLT Sept. 30, 2025 7,723 $681,555
SCHO Sept. 30, 2025 26,822 $653,928 -2.1%
USHY June 30, 2025 16,100 $592,641 -5.3%
RSP June 30, 2025 3,395 $588,116 16.2%
VGIT Sept. 30, 2025 9,623 $575,552
HON June 30, 2026 2,370 $535,691 -4.4%
XDEC June 30, 2026 13,024 $525,018
SPTI Sept. 30, 2025 17,793 $511,905 -5.9%
IUSV Sept. 30, 2025 5,297 $501,255
TFI Sept. 30, 2025 10,927 $488,109 -6.1%
OEF March 31, 2026 1,404 $481,530
BND Sept. 30, 2025 6,339 $466,741
SHM June 30, 2026 8,984 $429,705 -2.7%
C March 31, 2026 3,565 $416,000 13.3%
NOW March 31, 2026 2,140 $327,827 30.2%
SCHM March 31, 2026 10,018 $301,241 11.6%
HYLB Sept. 30, 2025 8,104 $299,200 -4.3%
XLV June 30, 2025 2,014 $294,064 24.2%
CMF June 30, 2025 5,200 $292,656
BSX March 31, 2026 3,012 $287,194 -32.4%
SLYG March 31, 2026 3,031 $285,490 12.4%
OLED Dec. 31, 2025 1,890 $271,461 -31.7%
NOC June 30, 2026 388 $264,709 -6.5%
CRM June 30, 2026 1,355 $252,938 46.7%
BKNG March 31, 2026 47 $251,701 -6.0%
IWX June 30, 2025 3,059 $251,389
MRK June 30, 2025 2,701 $242,464 76.3%
IYW Sept. 30, 2025 1,393 $241,365 38.7%
HYD Sept. 30, 2025 4,574 $229,661 -5.8%
IEUR March 31, 2026 3,222 $228,698
THRO June 30, 2026 6,271 $227,136
NKE Dec. 31, 2025 3,227 $225,045 -46.7%
ZTS June 30, 2026 1,885 $222,826 -0.6%
ACN Sept. 30, 2025 734 $219,385 -20.9%
SLV June 30, 2026 3,212 $218,866 3.1%
TIP Sept. 30, 2025 1,965 $216,229
COP June 30, 2025 1,993 $209,305 43.1%
RDDT March 31, 2026 904 $207,802 11.7%
MCD June 30, 2025 657 $205,227 -20.2%
XLV March 31, 2026 1,323 $204,800 14.2%
XOM June 30, 2025 1,717 $204,251 52.1%
FTEC March 31, 2026 904 $203,102
TJX June 30, 2026 1,256 $200,583 -11.3%
VIOO Dec. 31, 2025 1,811 $200,061 16.6%
FPE June 30, 2025 10,376 $182,514
NG June 30, 2026 11,500 $103,270 No longer tracked