Sector breakdown

04
Financials 1.0%
Technology 0.8%
Healthcare 0.5%
Industrials 0.2%
Communication Services 0.1%
Materials 0.1%
Real Estate 0.1%
Other/Unmapped 97.3%

Full portfolio 62 positions

05
Type Streak 8Q trend
SPY SPY $73,645,505 26.94% 98,619 $9,594,507 Up ×2
IJH iShares Trust $29,911,611 10.94% 387,908 $3,657,358 Down ×1
IVV iShares Trust $29,553,027 10.81% 39,462 $3,879,102 Up ×2
IJR iShares Trust $20,103,168 7.35% 135,548 $3,337,725 Up ×2
QQQ Invesco QQQ Trust, Series 1 $15,346,600 5.61% 20,840 $3,314,290 Down ×3
EEM iShares, Inc. $13,597,720 4.97% 198,768 $2,382,898 Up ×3
EFA iShares Trust $13,335,077 4.88% 128,370 $776,489 Down ×1
QLTY GMO ETF Trust $8,603,459 3.15% 206,341 $1,291,940 Up ×5
DGRO iShares Trust $8,384,622 3.07% 110,630 $732,017 Up ×4
AGG iShares Trust $7,279,953 2.66% 73,550 $-10,601 Up ×3
DVY iShares Select Dividend ETF $4,895,785 1.79% 31,323 $190,425 Up ×5
IWO iShares Trust $4,779,768 1.75% 12,133 $976,890 Up ×5
IEFA iShares Trust $3,621,429 1.32% 37,497 $286,440 Up ×4
IWM iShares Trust $3,594,374 1.32% 11,963 $634,132 Up ×5
VEA VANGUARD TAX-MANAGED FUNDS $3,530,953 1.29% 49,557 $371,755 Up ×5
VIG VANGUARD SPECIALIZED FUNDS $3,523,610 1.29% 14,891 $332,328 Up ×2
RSP Invesco Exchange-Traded Fund Trust $2,436,110 0.89% 11,450 $247,078 Up ×6
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,246,550 0.82% 3 $92,130
IEMG iShares, Inc. $1,985,804 0.73% 23,972 $402,277 Up ×2
IJT iShares S&P SmallCap 600 Growth ETF $1,894,665 0.69% 10,608 $361,839 Up ×5
GDXJ VanEck ETF Trust $1,111,012 0.41% 11,308 $-246,401
IWB iShares Trust $1,109,904 0.41% 2,710 $145,479 Up ×6
XBI SPDR SERIES TRUST $1,102,950 0.40% 6,970 $213,484 Up ×3
IGV iShares Trust $1,054,138 0.39% 11,635 $499,352 Up ×1
IWR iShares Trust $990,449 0.36% 8,978 $119,832 Up ×6
MLPA Global X Funds $966,862 0.35% 18,215 $3,710 Up ×6
GLD SPDR Gold Shares $827,013 0.30% 2,245 $-138,988
MSFT Microsoft Corporation - Common Stock $803,312 0.29% 2,154 $193,007 Up ×4
PTCT PTC Therapeutics, Inc. - Common Stock $734,130 0.27% 9,000 $120,960
HDV iShares Trust $705,575 0.26% 25,742 $364,126 Up ×1
IWF iShares Trust $704,784 0.26% 5,676 $100,252 Up ×6
VT VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $656,629 0.24% 4,184 $79,999 Up ×6
IBM International Business Machines Corporation Common Stock $637,098 0.23% 2,266 $124,695 Up ×2
VOO VANGUARD INDEX FUNDS $566,618 0.21% 825
ICSH iShares U.S. ETF Trust $502,716 0.18% 9,939 Up ×1
VBK VANGUARD INDEX FUNDS $495,982 0.18% 1,356 $86,472 Up ×3
GDX VanEck ETF Trust $491,221 0.18% 6,511 $-112,217 Down ×1
EWL iShares, Inc. $489,707 0.18% 7,792 $39,382 Up ×2
GPN Global Payments Inc. Common Stock $484,174 0.18% 6,673 $36,738 Up ×5
VCSH Vanguard Short-Term Corporate Bond ETF $461,388 0.17% 5,838 Up ×1
IVE iShares Trust $430,365 0.16% 1,895 $31,727 Up ×6
VGK VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $414,841 0.15% 4,685 $30,747 Up ×1
SUSA iShares Trust $388,105 0.14% 2,515 $56,457 Up ×6
AIVL WisdomTree Trust $381,416 0.14% 2,909 $41,562 Down ×1
VUG VANGUARD INDEX FUNDS $376,538 0.14% 4,371 $58,667 Up ×3
WST West Pharmaceutical Services, Inc. Common Stock $373,653 0.14% 1,041 $112,970 Up ×3
AAPL Apple Inc. - Common Stock $310,584 0.11% 1,073 $38,285
XLU XLU $276,058 0.10% 6,089 $-1,593 Up ×6
MUB iShares Trust $273,886 0.10% 2,545 $4,353 Up ×2
TT Trane Technologies plc $273,327 0.10% 555 $41,893 Up ×1
NVDA NVIDIA Corporation - Common Stock $258,241 0.09% 1,291 $33,428 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $249,464 0.09% 698 $48,853
GMOD GMO ETF Trust $247,553 0.09% 9,000 $13,913
CAT Caterpillar, Inc. Common Stock $235,794 0.09% 221 Up ×1
IBIT iShares Bitcoin Trust ETF $235,632 0.09% 7,078 $-36,310
ARTY iShares Trust $229,285 0.08% 3,011 Up ×1
USRT iShares Trust $229,079 0.08% 3,447 $26,189 Up ×1
LIN Linde plc - Ordinary Shares $228,706 0.08% 441 $10,895 Up ×1
AMAT Applied Materials, Inc. - Common Stock $225,979 0.08% 313 Up ×1
MTUM iShares Trust $203,984 0.07% 595 Up ×1
SBRA Sabra Health Care REIT, Inc. - Common Stock $197,928 0.07% 10,145 $-766,360 Down ×1
PHR Phreesia, Inc. Common Stock $128,491 0.05% 12,487 $23,850

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
EEM $13,597,720 4.97% up ×3
QLTY $8,603,459 3.15% up ×5
DGRO $8,384,622 3.07% up ×4
AGG $7,279,953 2.66% up ×3
DVY $4,895,785 1.79% up ×5
IWO $4,779,768 1.75% up ×5
IEFA $3,621,429 1.32% up ×4
IWM $3,594,374 1.32% up ×5
VEA $3,530,953 1.29% up ×5
RSP $2,436,110 0.89% up ×6
IJT $1,894,665 0.69% up ×5
IWB $1,109,904 0.41% up ×6
XBI $1,102,950 0.40% up ×3
IWR $990,449 0.36% up ×6
MLPA $966,862 0.35% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VOO $566,618 825 0.21%
ICSH $502,716 9,939 0.18%
VCSH $461,388 5,838 0.17%
CAT $235,794 221 0.09%
ARTY $229,285 3,011 0.08%
AMAT $225,979 313 0.08%
MTUM $203,984 595 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +402 +$9.6M
IVV Bought more +158 +$3.9M
IJH Trimmed -871 +$3.7M
IJR Bought more +680 +$3.3M
QQQ Trimmed -7 +$3.3M
EEM Bought more +1K +$2.4M
QLTY Bought more +5K +$1.3M
IWO Bought more +15 +$977K
EFA Trimmed -927 +$776K
SBRA Trimmed -40K -$766K

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
VOO Dec. 31, 2025 2,572 $1,579,760
LLY June 30, 2026 1,293 $1,188,843 -4.7%
LQDA June 30, 2026 29,000 $1,094,460 -64.1%
DFUS June 30, 2025 17,173 $1,038,623
BOXX Dec. 31, 2025 9,000 $1,024,740
CPNG June 30, 2026 45,000 $849,600 -20.7%
JPM June 30, 2026 2,091 $615,166 1.5%
UFI June 30, 2026 169,040 $603,473 37.7%
EQT Dec. 31, 2025 10,076 $548,442 -6.4%
NKE June 30, 2026 10,000 $532,300 -17.5%
SYM June 30, 2026 10,000 $532,000 -3.7%
VTI March 31, 2026 765 $479,754
BIL Sept. 30, 2025 4,000 $366,040
AKRE March 31, 2026 5,038 $330,039
KEY Dec. 31, 2025 17,275 $322,861 -2.7%
INTC June 30, 2026 6,154 $271,597 -14.5%
PSLV June 30, 2026 10,000 $243,900
OKE June 30, 2026 2,668 $241,161 1.1%
TT Dec. 31, 2025 551 $233,194 19.2%
C June 30, 2025 3,085 $219,004 51.0%
WSM Dec. 31, 2025 1,106 $216,168 30.1%
VWO Dec. 31, 2025 3,888 $210,664
COGT Dec. 31, 2025 14,500 $208,220 -12.7%
LIN Dec. 31, 2025 436 $207,276 12.5%
EIM Sept. 30, 2025 15,000 $144,900 No longer tracked
OPK June 30, 2026 44,507 $50,738 4.0%