Sector breakdown

04
Technology 9.4%
Financials 5.7%
Energy 5.1%
Healthcare 4.5%
Industrials 3.9%
Communication Services 2.9%
Retail 2.5%
Utilities 1.0%
Consumer Staples 0.9%
Consumer Discretionary 0.8%
Real Estate 0.7%
Materials 0.7%
Consumer products 0.1%
Other/Unmapped 61.8%

Full portfolio 311 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $265,653,320 11.51% 3,728,468 $15,944,575 Down ×2
IVV iShares Trust $210,228,448 9.11% 280,720 $23,290,353 Down ×4
PRF Invesco Exchange-Traded Fund Trust $104,288,233 4.52% 1,930,191 $10,370,435 Down ×2
IJH iShares Trust $99,649,820 4.32% 1,292,307 $7,407,365 Down ×2
EFA iShares Trust $86,547,637 3.75% 833,150 $1,488,117 Down ×6
DON WisdomTree Trust $86,327,323 3.74% 1,527,377 $3,376,824 Down ×2
VTI VANGUARD INDEX FUNDS $48,715,159 2.11% 131,648 $3,590,242 Down ×6
XOM Exxon Mobil Corporation Common Stock $47,491,413 2.06% 347,363 $-67,510,595 Down ×1
LRCX Lam Research Corporation - Common Stock $42,935,225 1.86% 99,082 $18,828,466 Down ×6
AVGO Broadcom Inc. - Common Stock $40,738,400 1.77% 107,845 $2,386,876 Down ×6
SDY SPDR SERIES TRUST $36,833,262 1.60% 242,037 $-659,850 Down ×6
DFLV Dimensional ETF Trust $34,278,794 1.49% 866,940 $4,351,629 Up ×6
AAPL Apple Inc. - Common Stock $33,120,558 1.44% 114,461 $-93,859 Down ×3
DHS WisdomTree Trust $32,860,870 1.42% 289,052 $334,890 Down ×6
MSFT Microsoft Corporation - Common Stock $31,091,414 1.35% 83,351 $-1,602,584 Down ×3
FBND Fidelity Merrimack Street Trust $24,431,313 1.06% 537,070 $6,856,636 Up ×6
AVIV AMERICAN CENTURY ETF TRUST $23,010,591 1.00% 297,218 $3,718,521 Up ×1
JPM JP Morgan Chase & Co. Common Stock $22,968,771 1.00% 70,170 $445,924 Down ×4
IQLT iShares Trust $22,882,521 0.99% 461,807 $2,167,159 Up ×3
CGIE Capital Group International Equity ETF $20,249,524 0.88% 550,558 $5,886,034 Up ×1
CMI Cummins Inc. Common Stock $18,249,476 0.79% 25,588 $3,208,427 Down ×4
ABBV AbbVie Inc. Common Stock $17,796,553 0.77% 70,722 $903,194 Down ×4
WSM Williams-Sonoma, Inc. Common Stock (DE) $17,716,569 0.77% 76,004 $2,687,134 Down ×6
AMZN Amazon.com, Inc. - Common Stock $16,854,295 0.73% 70,715 $1,002,939 Down ×3
CSCO Cisco Systems, Inc. - Common Stock $16,680,727 0.72% 142,012 $5,164,637 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $15,697,253 0.68% 44,427 $1,253,678 Down ×3
JNJ Johnson & Johnson Common Stock $15,103,082 0.65% 59,468 $-3,036,962 Down ×2
TCHP T. Rowe Price Exchange-Traded Funds, Inc. $14,523,930 0.63% 289,957 $1,736,124 Up ×1
VXF VANGUARD INDEX FUNDS $14,287,920 0.62% 58,031 $1,795,501 Down ×6
C Citigroup, Inc. Common Stock $14,229,895 0.62% 101,671 $1,804,101 Down ×4
RTX RTX Corporation Common Stock $13,906,541 0.60% 73,296 $-1,157,488 Down ×4
DEM WisdomTree Trust $13,568,470 0.59% 252,249 $-19,165 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $13,458,266 0.58% 37,659 $1,056,102 Down ×3
BAC Bank of America Corporation Common Stock $13,262,047 0.57% 232,749 $1,494,204 Down ×3
VYM VANGUARD WHITEHALL FUNDS $12,828,228 0.56% 81,176 $994,016 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $12,579,337 0.55% 68,074 $3,059,814 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $11,872,737 0.51% 92,395 $612,275 Down ×2
IDV iShares Trust $11,836,630 0.51% 285,702 $-895,070 Down ×6
V Visa Inc. $10,941,836 0.47% 31,892 $104,960 Down ×3
PM Philip Morris International Inc Common Stock $10,881,006 0.47% 60,146 $436,265 Down ×2
AMGN Amgen Inc. - Common Stock $10,725,871 0.46% 29,620 $-321,806 Down ×2
VTEB VANGUARD MUNICIPAL BOND FUNDS $10,701,819 0.46% 211,582 $4,240,714 Up ×6
BOND PIMCO ETF Trust $10,462,258 0.45% 113,461 $1,946,539 Up ×6
WMB Williams Companies, Inc. (The) Common Stock $10,433,206 0.45% 140,344 $-441,539 Down ×2
KMI Kinder Morgan, Inc. Common Stock $10,293,142 0.45% 321,962 $-1,813,768 Down ×2
NSC Norfolk Southern Corporation Common Stock $10,126,618 0.44% 32,190 $543,429 Down ×2
CVX Chevron Corporation Common Stock $10,084,938 0.44% 60,841 $-3,732,677 Down ×4
PANW Palo Alto Networks, Inc. - Common Stock $9,639,613 0.42% 28,267 $5,242,676 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $9,618,708 0.42% 16,558 $6,123,373 Down ×3
LMT Lockheed Martin Corporation Common Stock $9,563,628 0.41% 18,772 $-2,396,037 Down ×2
BLK BlackRock, Inc. Common Stock $9,561,814 0.41% 9,944 $-392,908 Down ×2
EES WisdomTree Trust $9,011,488 0.39% 132,932 $980,555 Down ×6
EPD Enterprise Products Partners L.P. Common Stock $8,829,921 0.38% 240,205 $-1,606,675 Down ×1
DG Dollar General Corporation Common Stock $8,813,157 0.38% 76,563 $-899,518 Down ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $8,710,648 0.38% 68,815 $-1,179,566 Down ×2
SPY SPY $8,411,667 0.36% 11,264 $897,807 Down ×6
MCD McDonald's Corporation Common Stock $8,346,131 0.36% 30,876 $-1,699,227 Down ×3
MRVL Marvell Technology, Inc. - Common Stock $8,343,783 0.36% 28,010 $5,038,211 Down ×3
MET MetLife, Inc. Common Stock $8,205,721 0.36% 96,983 $1,153,178 Down ×2
NVDA NVIDIA Corporation - Common Stock $8,140,585 0.35% 40,685 $-610,551 Down ×1
ABT Abbott Laboratories Common Stock $8,079,812 0.35% 89,044 $-1,437,227 Down ×2
DVY iShares Select Dividend ETF $8,015,182 0.35% 51,281 $-171,974 Down ×6
NEE NextEra Energy, Inc. Common Stock $7,840,133 0.34% 89,326 $-604,687 Down ×2
JHMM John Hancock Exchange-Traded Fund Trust $7,801,756 0.34% 104,079 $1,484,312 Up ×6
MS Morgan Stanley Common Stock $7,723,769 0.33% 36,949 $1,285,705 Down ×2
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $7,531,110 0.33% 10,708 $922,725 Down ×2
IWF iShares Trust $7,503,146 0.33% 60,426 $616,003 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $7,416,811 0.32% 13,167 $-173,039 Down ×2
AMT American Tower Corporation (REIT) Common Stock $7,336,774 0.32% 44,854 $-644,035 Down ×3
EEM iShares, Inc. $7,270,888 0.32% 106,284 $866,258 Down ×6
MA Mastercard Incorporated Common Stock $7,172,856 0.31% 13,966 $-704,638 Down ×2
JPEM J.P. Morgan Exchange-Traded Fund Trust $6,827,286 0.30% 108,749 $-380,312 Down ×6
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $6,787,753 0.29% 279,677 $-639,373 Down ×2
PEP PepsiCo, Inc. - Common Stock $6,543,532 0.28% 48,327 $-1,290,688 Down ×3
FELG Fidelity Covington Trust $6,532,482 0.28% 149,314 $3,845,536 Up ×1
IWD iShares Trust $6,388,811 0.28% 26,353 $320,536 Down ×6
VZ Verizon Communications Inc. Common Stock $6,380,948 0.28% 150,707 $-1,543,712 Down ×2
GSSC Goldman Sachs ETF Trust $6,311,318 0.27% 69,158 $1,114,290 Down ×1
VTHR Vanguard Russell 3000 ETF $6,277,028 0.27% 18,939 $534,606 Down ×6
TFC Truist Financial Corporation Common Stock $6,078,780 0.26% 122,015 $283,694 Down ×3
DFAS Dimensional ETF Trust $5,927,306 0.26% 71,986 $2,046,178 Up ×3
CTVA Corteva, Inc. Common Stock $5,883,227 0.25% 69,468 $66,882 Down ×2
JQUA J.P. Morgan Exchange-Traded Fund Trust $5,859,397 0.25% 81,065 $1,000,935 Up ×5
DFAE Dimensional ETF Trust $5,777,538 0.25% 143,684 $817,461 Down ×1
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $5,710,978 0.25% 215,346 $4,215,246 Up ×1
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund $5,709,999 0.25% 96,203 $377,495 Down ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $5,426,521 0.24% 13,056 $1,861,190 Down ×2
ORCL Oracle Corporation Common Stock $5,410,996 0.23% 36,923 $-712,682 Down ×3
APD Air Products and Chemicals, Inc. Common Stock $5,324,762 0.23% 18,162 $-46,180 Down ×2
VXUS Vanguard Total International Stock ETF $5,190,648 0.22% 60,716 $352,251 Down ×6
COST Costco Wholesale Corporation - Common Stock $5,134,827 0.22% 5,489 $-526,146 Down ×2
MDT Medtronic plc. Ordinary Shares $5,131,825 0.22% 65,599 $-611,397 Down ×2
PFE Pfizer, Inc. Common Stock $5,036,913 0.22% 209,174 $-980,472 Down ×2
VOT VANGUARD INDEX FUNDS $4,988,402 0.22% 16,286 $2,714,972 Up ×1
AWK American Water Works Company, Inc. Common Stock $4,956,848 0.21% 37,672 $-129,843 Up ×1
UPS United Parcel Service, Inc. Common Stock $4,913,527 0.21% 45,707 $217,887 Down ×2
IWB iShares Trust $4,909,236 0.21% 11,988 $623,967 Down ×6
IBM International Business Machines Corporation Common Stock $4,784,931 0.21% 17,016 $3,557,521 Up ×1
IEFA iShares Trust $4,761,639 0.21% 49,303 $2,994,327 Up ×2
LNG Cheniere Energy, Inc. Common Stock $4,595,045 0.20% 19,225 $-756,190 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
DFLV $34,278,794 1.49% up ×6
FBND $24,431,313 1.06% up ×6
IQLT $22,882,521 0.99% up ×3
VTEB $10,701,819 0.46% up ×6
BOND $10,462,258 0.45% up ×6
JHMM $7,801,756 0.34% up ×6
DFAS $5,927,306 0.26% up ×3
JQUA $5,859,397 0.25% up ×5
NOW $2,489,546 0.11% up ×6
SPGI $1,381,413 0.06% up ×3
VGT $382,741 0.02% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $3,641,891 16,266 0.16%
Unknown issuer (CUSIP: 43849R105) $3,565,137 16,126 0.15%
FNDF $525,701 9,964 0.02%
Unknown issuer (CUSIP: 26614N201) $489,254 3,607 0.02%
FTNT $361,007 2,350 0.02%
SPYV $337,263 5,548 0.01%
SPHY $321,714 13,725 0.01%
JPIE $317,239 6,889 0.01%
SEZL $315,800 1,840 0.01%
BHE $277,559 2,813 0.01%
IVW $235,864 1,715 0.01%
IAU $225,775 2,990 0.01%
CPT $220,156 1,923 0.01%
FIX $218,402 110 0.01%
IUSV $213,141 1,935 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
XOM Trimmed -330K -$67.5M
IVV Trimmed -5K +$23.3M
LRCX Trimmed -14K +$18.8M
VEA Trimmed -168K +$15.9M
PRF Trimmed -46K +$10.4M
IJH Trimmed -74K +$7.4M
FBND Bought more +152K +$6.9M
AMD Trimmed -624 +$6.1M
CGIE Bought more +126K +$5.9M
PANW Bought more +841 +$5.2M

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
HON June 30, 2026 33,524 $7,577,386 -4.4%
STRL March 31, 2026 19,196 $5,878,392 31.0%
CINF June 30, 2026 29,159 $4,588,169 -12.5%
NKE June 30, 2026 64,774 $3,421,375 -17.5%
CTRA June 30, 2026 76,518 $2,688,843 No longer tracked
CTSH Sept. 30, 2025 33,403 $2,606,435 -12.8%
EFX March 31, 2026 9,100 $1,974,559 -22.3%
DFSD June 30, 2026 33,970 $1,626,478
FITB June 30, 2026 33,126 $1,539,034 -9.8%
SSB (filed as SSBXXXX) Sept. 30, 2025 15,659 $1,441,098 3.1%
NEA Sept. 30, 2025 127,291 $1,390,018 -11.4%
SRE June 30, 2026 14,265 $1,386,131 -15.5%
QQQI June 30, 2026 25,030 $1,243,741
BAX Dec. 31, 2025 53,153 $1,210,287 22.9%
GIS March 31, 2026 25,298 $1,176,347 -14.0%
DFGX June 30, 2026 19,338 $1,014,293
CADE March 31, 2026 21,830 $935,194 No longer tracked
JPC Sept. 30, 2025 97,000 $777,940 -15.7%
RSG March 31, 2026 3,592 $761,253 -4.3%
MVF Sept. 30, 2025 111,100 $731,038 No longer tracked
PLTR June 30, 2026 4,779 $699,073 61.8%
AJG March 31, 2026 2,617 $677,254 4.4%
SCHX June 30, 2026 26,323 $674,933 3.2%
VRSK June 30, 2026 3,387 $642,684 -8.7%
MOG-A (filed as MOGA) June 30, 2026 2,176 $636,857 No longer tracked
STEL June 30, 2026 15,742 $576,315 No longer tracked
DD June 30, 2026 12,045 $551,658 -4.2%
CLMT March 31, 2026 25,889 $514,415 54.0%
MGC Sept. 30, 2025 2,100 $472,332
CBAN June 30, 2026 23,377 $466,839 1.8%
AESI June 30, 2026 35,098 $460,487 -27.5%
BLE Sept. 30, 2025 45,000 $451,800 No longer tracked
STX March 31, 2026 1,620 $446,132 116.7%
MUB June 30, 2025 4,152 $437,787
IWV March 31, 2026 1,062 $410,875
PNC Dec. 31, 2025 2,037 $409,295 5.9%
FELC June 30, 2026 11,074 $401,640
SCHD June 30, 2026 13,045 $400,232 4.7%
RQI June 30, 2026 32,239 $388,477 -10.2%
STRV March 31, 2026 8,690 $383,099 No longer tracked
LNT March 31, 2026 5,880 $382,259 -10.4%
GDX June 30, 2026 4,129 $378,929 16.3%
FDX June 30, 2026 1,056 $376,127 -7.3%
MGK March 31, 2026 911 $375,917 27.1%
FDIS Dec. 31, 2025 3,455 $355,416
OBK Dec. 31, 2025 9,776 $337,468 42.6%
DIS June 30, 2026 3,412 $328,839 6.2%
PYPL June 30, 2026 7,151 $323,440 22.3%
BMY June 30, 2026 5,325 $322,983 6.1%
SLV June 30, 2026 4,736 $322,712 2.4%
NEM June 30, 2026 2,975 $322,045 23.7%
CVS June 30, 2026 4,273 $306,895 -16.4%
SPOT Dec. 31, 2025 437 $305,026 -18.6%
DFAT March 31, 2026 5,020 $298,891
FANG June 30, 2026 1,427 $282,170 5.1%
RCL Dec. 31, 2025 854 $276,188 -0.4%
NVS June 30, 2026 1,804 $275,561 -10.0%
GEV Sept. 30, 2025 501 $265,105 60.8%
DOW June 30, 2026 6,317 $263,120 2.2%
FNDX June 30, 2026 9,286 $258,616 2.9%
MINT June 30, 2026 2,569 $258,365
XLK Sept. 30, 2025 1,002 $253,737 41.8%
INTU March 31, 2026 379 $251,058 -35.0%
SOXX June 30, 2025 1,311 $246,691 146.7%
SEZL Dec. 31, 2025 3,078 $244,794 69.2%
USB Dec. 31, 2025 4,858 $234,800 7.8%
ADBE Sept. 30, 2025 604 $233,676 -32.6%
TRV March 31, 2026 800 $231,976 23.6%
TEL March 31, 2026 1,017 $231,378 5.4%
XLE June 30, 2026 3,776 $231,334 18.3%
MAIN March 31, 2026 3,754 $226,705 4.1%
CPT March 31, 2026 2,046 $225,216 -1.7%
TSM June 30, 2026 664 $224,399 -1.0%
ROK June 30, 2025 854 $220,657 36.8%
URA June 30, 2026 4,545 $220,122
DIS Sept. 30, 2025 1,761 $218,419 -10.8%
AFL June 30, 2026 1,978 $216,994 -4.9%
BHE Dec. 31, 2025 5,625 $216,844 104.4%
CVS June 30, 2025 3,169 $214,706 25.3%
AEP Dec. 31, 2025 1,892 $212,794 3.7%
PAYX June 30, 2026 2,306 $212,429 0.6%
IVW March 31, 2026 1,715 $211,391 26.7%
INTC Sept. 30, 2025 9,431 $211,256 255.7%
RWL June 30, 2026 1,799 $206,724 2.5%
AEP June 30, 2025 1,889 $206,357 15.2%
VHT March 31, 2026 714 $205,575
RDDT Dec. 31, 2025 885 $203,542 -35.7%
STZ March 31, 2026 1,467 $202,362 -24.8%
AMAT Sept. 30, 2025 1,104 $202,110 163.8%
SHOP June 30, 2026 1,700 $201,654 32.6%
FTNT Dec. 31, 2025 2,390 $200,952 127.9%
SYY Dec. 31, 2025 2,430 $200,087 5.2%
XIFR June 30, 2026 13,001 $138,071 -12.0%
AGNC June 30, 2026 12,031 $120,674 -19.4%
NAK June 30, 2026 26,500 $37,100 No longer tracked
SER March 31, 2026 18,800 $35,965 No longer tracked