Sector breakdown

04
Technology 12.9%
Financials 8.0%
Communication Services 6.2%
Industrials 6.2%
Healthcare 5.0%
Retail 3.5%
Energy 2.8%
Consumer Staples 1.5%
Consumer products 1.1%
Consumer Discretionary 0.9%
Utilities 0.8%
Real Estate 0.4%
Materials 0.4%
Other/Unmapped 50.2%

Full portfolio 341 positions

05
Type Streak 8Q trend
IVV iShares Trust $190,780,251 8.49% 254,751 $21,740,291 Down ×2
ACWI iShares MSCI ACWI ETF $85,132,993 3.79% 542,352 $-3,593,587 Down ×3
AAPL Apple Inc. - Common Stock $79,418,186 3.53% 274,474 $8,383,626 Down ×1
IXUS iShares Core MSCI Total International Stock ETF $72,574,103 3.23% 760,416 $8,854,628 Up ×6
VEA Vanguard FTSE Developed Markets ETF $67,802,219 3.02% 951,649 $9,281,736 Up ×6
AGG iShares Trust $67,168,188 2.99% 678,593 $19,151,488 Up ×3
SCHG SCHWAB STRATEGIC TRUST $57,979,493 2.58% 1,713,342 $12,919,112 Up ×2
MSFT Microsoft Corporation - Common Stock $57,399,747 2.55% 153,883 $1,678,707 Up ×4
GOOG Alphabet Inc. - Class C Capital Stock $54,457,212 2.42% 154,129 $9,269,885 Down ×1
IJH iShares Trust $51,993,185 2.31% 674,296 $8,660,940 Up ×3
NVDA NVIDIA Corporation - Common Stock $45,378,474 2.02% 226,813 $6,990,532 Up ×4
JPM JP Morgan Chase & Co. Common Stock $44,770,095 1.99% 136,772 $4,038,440 Down ×1
IJR iShares Trust $40,172,385 1.79% 270,876 $7,279,835 Up ×6
IEMG iShares, Inc. $38,338,388 1.71% 462,841 $6,991,971 Up ×6
AMZN Amazon.com, Inc. - Common Stock $34,125,499 1.52% 143,176 $4,239,313 Down ×1
VOO Vanguard S&P 500 ETF $32,012,214 1.42% 46,610 $15,712,245 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $29,437,164 1.31% 250,613 $8,967,984 Down ×3
AVGO Broadcom Inc. - Common Stock $29,395,048 1.31% 77,820 $5,650,988 Up ×1
AMAT Applied Materials, Inc. - Common Stock $28,021,718 1.25% 38,765 $8,258,597 Down ×3
VGT Vanguard Information Tech ETF $28,019,996 1.25% 234,464 $7,471,444 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $27,394,399 1.22% 76,656 $4,965,132 Down ×3
XOM Exxon Mobil Corporation Common Stock $26,259,339 1.17% 192,068 $-6,491,827 Down ×2
SCHX SCHWAB STRATEGIC TRUST $25,928,124 1.15% 881,010 $2,174,741 Down ×3
SOXX iShares Trust $23,908,561 1.06% 37,319 $13,164,008 Up ×1
VGSH Vanguard Short-Term Treasury ETF $23,904,435 1.06% 410,725 $614,647 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $23,365,031 1.04% 41,480 $755,145 Up ×4
RSP Invesco Exchange-Traded Fund Trust $22,700,795 1.01% 106,692 $2,868,222 Up ×1
SPY SPY $22,479,867 1.00% 30,103 $3,319,031 Up ×1
VUSB Vanguard Ultra-Short Bond ETF $22,055,776 0.98% 443,065 $399,151 Up ×6
ETN Eaton Corporation, PLC Ordinary Shares $20,661,873 0.92% 48,493 $3,255,505 Down ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $20,112,800 0.90% 19,886 $2,889,188 Down ×3
NSC Norfolk Southern Corporation Common Stock $19,796,787 0.88% 62,928 $1,644,611 Down ×1
IEFA iShares Core MSCI EAFE ETF $18,471,891 0.82% 191,260 $632,864 Down ×6
VGIT Vanguard Intermediate-Term Treasury ETF $18,187,369 0.81% 308,356 $231,138 Up ×6
ORCL Oracle Corporation Common Stock $18,082,480 0.80% 123,386 $-289,048 Down ×6
MS Morgan Stanley Common Stock $17,954,765 0.80% 85,888 $3,470,136 Down ×1
CVX Chevron Corporation Common Stock $17,602,273 0.78% 106,186 $-9,536,594 Down ×1
EAGL 2023 ETF Series Trust $17,534,516 0.78% 545,058 $953,852
TMO Thermo Fisher Scientific Inc Common Stock $16,298,565 0.73% 32,508 $604,995 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $15,786,364 0.70% 104,201 $-819,561 Up ×1
AMP Ameriprise Financial, Inc. Common Stock $15,669,466 0.70% 34,159 $625,193 Up ×2
RTX RTX Corporation Common Stock $15,561,217 0.69% 82,021 $-592,841 Down ×2
XLV SELECT SECTOR SPDR TRUST $13,932,603 0.62% 87,807 $1,587,455 Up ×4
IGV iShares Expanded Tech-Software Sector ETF $13,625,100 0.61% 150,394 $2,734,458 Up ×6
PNC PNC Financial Services Group, Inc. (The) Common Stock $13,096,790 0.58% 53,191 $2,158,123 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $12,904,562 0.57% 101,942 $-406,537 Up ×4
BKNG Booking Holdings Inc. - Common Stock $12,887,499 0.57% 72,296 $542,841 Up ×1
GVI iShares Trust $12,249,729 0.55% 115,460 $170,779 Up ×1
TT Trane Technologies plc $12,122,492 0.54% 24,683 $1,760,669 Down ×3
JNJ Johnson & Johnson Common Stock $12,104,137 0.54% 47,660 $385,021 Down ×2
PG Procter & Gamble Company (The) Common Stock $12,100,280 0.54% 82,514 $276,068 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $11,785,621 0.52% 91,716 $763,817 Up ×1
KLAC KLA Corporation - Common Stock $11,036,552 0.49% 36,580 $4,618,317 Up ×1
PM Philip Morris International Inc Common Stock $11,014,741 0.49% 60,885 $860,352 Down ×2
ELV Elevance Health, Inc. Common Stock $10,356,334 0.46% 26,779 $2,449,742 Down ×3
VO Vanguard Morningstar Mid-Cap ETF $10,339,870 0.46% 128,334 $915,771 Up ×1
V Visa Inc. $10,065,428 0.45% 29,338 $1,686,475 Up ×1
KBWB Invesco KBW Bank ETF $10,051,551 0.45% 108,102 $1,369,318 Down ×1
LLY Eli Lilly and Company Common Stock $9,852,118 0.44% 8,214 $2,192,273 Down ×2
AMGN Amgen Inc. - Common Stock $9,757,969 0.43% 26,947 $256,260 Down ×2
HD Home Depot, Inc. (The) Common Stock $9,339,725 0.42% 26,482 $704,884 Up ×5
CAT Caterpillar, Inc. Common Stock $9,285,928 0.41% 8,720 $1,801,757 Down ×1
PEP PepsiCo, Inc. - Common Stock $8,854,048 0.39% 65,389 $-1,368,072 Down ×2
CB Chubb Limited Common Stock $8,765,715 0.39% 25,725 $427,122 Up ×4
LOW Lowe's Companies, Inc. Common Stock $8,719,867 0.39% 39,548 $-565,228 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $8,499,798 0.38% 20,450 $2,959,767 Down ×3
AMT American Tower Corporation (REIT) Common Stock $8,315,120 0.37% 50,829 $-202,221 Up ×2
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $8,302,752 0.37% 138,103 $773,939 Up ×2
LMT Lockheed Martin Corporation Common Stock $8,186,032 0.36% 16,069 $-1,203,771 Up ×1
WMT Walmart Inc. - Common Stock $7,694,431 0.34% 67,936 $-1,147,221 Down ×6
ABBV AbbVie Inc. Common Stock $7,343,036 0.33% 29,181 $679,421 Down ×4
VXUS Vanguard Total International Stock ETF $7,153,547 0.32% 83,677 $402,258 Down ×1
IVW iShares S&P 500 Growth ETF $6,861,372 0.31% 49,890 $1,218,314
PH Parker-Hannifin Corporation Common Stock $6,724,575 0.30% 6,875 $531,305 Down ×2
ACWX iShares MSCI ACWI ex U.S. ETF $6,557,333 0.29% 86,156 $-173,679 Down ×1
MKL Markel Group Inc. Common Stock $6,136,357 0.27% 3,142 $-264,293 Down ×3
SLB SLB Limited Common Shares $5,938,485 0.26% 127,738 $-522,523 Up ×1
VWO Vanguard FTSE Emerging Markets ETF $5,931,634 0.26% 99,374 $204,442 Down ×1
TTE TotalEnergies SE Ordinary Shares $5,832,622 0.26% 75,008 $-924,645 Up ×2
IWF iShares Russell 1000 Growth Fund $5,541,707 0.25% 44,630 $74,833 Up ×2
IWV iShares Russell 3000 Fund $5,463,890 0.24% 12,814 $766,633 Up ×1
MO Altria Group, Inc. $5,409,655 0.24% 75,186 $400,664 Down ×2
NEAR iShares U.S. ETF Trust $5,299,745 0.24% 104,614 $-1,304,687 Down ×3
PFE Pfizer, Inc. Common Stock $5,214,250 0.23% 216,527 $-1,492,786 Down ×1
KO Coca-Cola Company (The) Common Stock $4,984,613 0.22% 61,334 $273,392 Down ×6
MCD McDonald's Corporation Common Stock $4,936,672 0.22% 18,263 $-802,376 Down ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF $4,725,431 0.21% 57,174 $-57,850 Down ×3
EMR Emerson Electric Company Common Stock $4,663,111 0.21% 32,575 $387,797 Down ×5
SAP SAP SE ADS $4,653,336 0.21% 30,194 $203,417 Up ×1
WFC Wells Fargo & Company Common Stock $4,530,325 0.20% 54,820 $110,696 Down ×2
DOV Dover Corporation Common Stock $4,443,884 0.20% 19,814 $237,571 Down ×6
INTC Intel Corporation - Common Stock $4,395,224 0.20% 31,478 $2,938,905 Down ×2
XLE SELECT SECTOR SPDR TRUST $4,372,865 0.19% 82,336 $-691,254 Down ×2
SCHM SCHWAB STRATEGIC TRUST $4,340,705 0.19% 117,730 $686,403 Down ×6
ADP Automatic Data Processing, Inc. - Common Stock $4,158,528 0.19% 18,569 $363,938 Down ×4
IBM International Business Machines Corporation Common Stock $4,108,197 0.18% 14,609 $567,121
SPDW State Street SPDR Portfolio Developed World ex-US ETF $4,092,777 0.18% 81,222 $384,993
QCOM QUALCOMM Incorporated - Common Stock $3,876,894 0.17% 20,980 $994,926 Down ×2
GD General Dynamics Corporation Common Stock $3,872,906 0.17% 10,933 $68,312 Down ×6
AXP American Express Company Common Stock $3,835,755 0.17% 11,340 $405,632

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IXUS $72,574,103 3.23% up ×6
VEA $67,802,219 3.02% up ×6
AGG $67,168,188 2.99% up ×3
MSFT $57,399,747 2.55% up ×4
IJH $51,993,185 2.31% up ×3
NVDA $45,378,474 2.02% up ×4
IJR $40,172,385 1.79% up ×6
IEMG $38,338,388 1.71% up ×6
VGSH $23,904,435 1.06% up ×6
META $23,365,031 1.04% up ×4
VUSB $22,055,776 0.98% up ×6
VGIT $18,187,369 0.81% up ×6
XLV $13,932,603 0.62% up ×4
IGV $13,625,100 0.61% up ×6
DUK $12,904,562 0.57% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SPHD $871,854 17,149 0.04%
AKRE $806,626 15,165 0.04%
Unknown issuer (CUSIP: 26614N201) $785,491 5,791 0.03%
FGD $767,894 24,004 0.03%
NOBL $758,287 13,502 0.03%
TDTT $452,946 18,944 0.02%
DELL $374,507 868 0.02%
SPHQ $249,153 2,765 0.01%
IBKR $237,097 2,724 0.01%
Unknown issuer (CUSIP: 438516205) $219,198 979 0.01%
Unknown issuer (CUSIP: 43849R105) $216,437 979 0.01%
VYM $210,246 1,330 0.01%
NUE $200,475 900 0.01%
TIP $95,708 875 0.00%
IXN $21,672 150 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Trimmed -4K +$21.7M
AGG Bought more +195K +$19.2M
VOO Bought more +19K +$15.7M
SOXX Bought more +5K +$13.2M
SCHG Bought more +166K +$12.9M
CVX Trimmed -25K -$9.5M
VEA Bought more +38K +$9.3M
GOOG Trimmed -3K +$9.3M
CSCO Trimmed -13K +$9.0M
IXUS Bought more +25K +$8.9M

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
VTHR Sept. 30, 2025 36,664 $10,000,106
ADBE June 30, 2025 15,855 $6,080,868 -38.7%
SW Dec. 31, 2025 29,683 $1,263,605 8.3%
DD June 30, 2026 17,383 $796,141 -3.9%
BRK-A (filed as BRKA) June 30, 2026 1 $718,140 No longer tracked
IAU Dec. 31, 2025 8,188 $595,841 -4.0%
SXT June 30, 2025 7,040 $523,987 30.2%
MDY Dec. 31, 2025 872 $519,738
STZ Dec. 31, 2025 3,486 $469,460 -19.2%
HON June 30, 2026 2,024 $457,485 -4.8%
HRL Dec. 31, 2025 18,410 $455,463 -14.7%
MICC March 31, 2026 28,033 $444,341 14.6%
JEPQ March 31, 2026 6,013 $349,476
PGR Sept. 30, 2025 1,151 $307,156 -15.4%
FDX June 30, 2025 1,249 $306,203 26.3%
QQEW March 31, 2026 2,060 $292,786
GIS Dec. 31, 2025 5,763 $290,570 -31.7%
BSX March 31, 2026 3,035 $289,387 -31.7%
SWK Dec. 31, 2025 3,876 $288,103 20.0%
DLY Dec. 31, 2025 18,380 $277,170 -7.6%
IEZ June 30, 2025 12,841 $250,400
OTIS March 31, 2026 2,727 $238,203 -17.4%
TIXT Dec. 31, 2025 50,000 $224,000 No longer tracked
TMUS Dec. 31, 2025 916 $219,272 -19.5%
FCX Sept. 30, 2025 5,000 $216,750 83.7%
GLD June 30, 2026 500 $215,145
TMUS June 30, 2026 1,020 $214,231 -2.5%
KMX Sept. 30, 2025 3,185 $214,064 18.4%
WTRG June 30, 2025 5,350 $211,486 4.2%
KHC June 30, 2026 9,402 $211,451 -6.9%
IBKR Dec. 31, 2025 3,024 $208,081 37.1%
CMCSA June 30, 2026 7,199 $206,683 -12.5%
AFG Dec. 31, 2025 1,400 $204,008 1.5%
FAST June 30, 2025 2,589 $200,777 19.4%
INTU Sept. 30, 2025 255 $200,545 -57.6%
PDO June 30, 2026 12,050 $155,807 -9.1%
DGRO Sept. 30, 2025 1,768 $113,046
ICSH Sept. 30, 2025 1,107 $56,136
EFG June 30, 2026 487 $54,237
IQLT Sept. 30, 2025 1,125 $48,623
FTHI June 30, 2026 2,000 $45,900
UL (filed as ULXXXX) March 31, 2026 555 $36,297 4.8%
SCHR Dec. 31, 2025 590 $14,827 -5.1%
EFV Dec. 31, 2025 204 $13,837
CMF Sept. 30, 2025 117 $6,522
TBIL June 30, 2026 60 $2,992
EMB Sept. 30, 2025 24 $2,223
ITOT March 31, 2026 2 $297 18.1%
DFSD Dec. 31, 2025 2 $77