Sector breakdown

04
Technology 9.7%
Health Care 3.8%
Financials 3.7%
Communication Services 3.6%
Industrials 3.0%
Retail 1.8%
Consumer Discretionary 1.4%
Energy 1.2%
Consumer Staples 0.6%
Utilities 0.5%
Consumer products 0.3%
Real Estate 0.3%
Materials 0.2%
Other/Unmapped 70.0%

Full portfolio 356 positions

05
Type Streak 8Q trend
FNDF SCHWAB STRATEGIC TRUST $35,225,121 5.19% 667,648 $8,845,885 Up ×4
SPYM State Street SPDR Portfolio S&P 500 ETF $27,428,181 4.04% 312,109 $2,465,913 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $11,001,952 1.62% 30,786 $2,096,734 Down ×4
IVV iShares Trust $11,000,664 1.62% 14,689 $1,229,611 Down ×5
MSFT Microsoft Corporation - Common Stock $10,794,667 1.59% 28,939 $1,221,310 Up ×6
EFV iShares Trust $10,767,263 1.59% 140,657 $-1,030,970 Down ×4
DYNF BlackRock ETF Trust $10,291,722 1.52% 151,327 $624,591 Down ×3
IEMG iShares, Inc. $9,559,302 1.41% 115,395 $1,150,588 Down ×4
IVE iShares Trust $9,529,857 1.40% 41,971 $349,756 Down ×2
IVW iShares Trust $9,514,082 1.40% 69,178 $1,019,391 Down ×6
EPS WisdomTree Trust $9,310,727 1.37% 119,691 $2,754,841 Up ×6
AAPL Apple Inc. - Common Stock $9,288,439 1.37% 32,100 $1,548,318 Up ×2
VO VANGUARD INDEX FUNDS $9,110,143 1.34% 113,071 $2,845,964 Up ×4
QQQM Invesco NASDAQ 100 ETF $8,729,257 1.29% 28,812 $3,095,425 Up ×6
AMZN Amazon.com, Inc. - Common Stock $8,220,848 1.21% 34,492 $1,021,682 Down ×2
NVDA NVIDIA Corporation - Common Stock $8,074,858 1.19% 40,356 $1,529,528 Up ×6
QUAL iShares Trust $7,500,546 1.11% 34,182 $187,719 Down ×4
LLY Eli Lilly and Company Common Stock $7,348,303 1.08% 6,126 $1,689,232 Down ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $6,967,707 1.03% 131,046 $1,987,017 Up ×4
TOUS T. Rowe Price Exchange-Traded Funds, Inc. $6,942,650 1.02% 180,940 $1,181,952 Up ×6
AMAT Applied Materials, Inc. - Common Stock $6,849,136 1.01% 9,473 $2,962,945 Down ×2
BAI iShares A.I. Innovation and Tech Active ETF $5,800,021 0.85% 110,016 $1,986,018 Down ×3
FDL First Trust Exchange-Traded Fund $5,749,577 0.85% 118,158 $874,056 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $5,740,784 0.85% 10,192 $64,125 Up ×1
AVGO Broadcom Inc. - Common Stock $5,705,584 0.84% 15,104 $1,117,096 Up ×6
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $5,680,460 0.84% 92,425 $794,704 Up ×5
SPHY SPDR SERIES TRUST $5,619,557 0.83% 239,742 $1,298,659 Up ×6
FTNT Fortinet, Inc. - Common Stock $5,618,959 0.83% 36,577 $3,059,489 Up ×5
BFOC First Trust Exchange-Traded Fund $5,598,556 0.82% 332,156 $-185,149 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $5,530,662 0.81% 16,218 $5,223,329 Up ×3
VOO VANGUARD INDEX FUNDS $5,334,132 0.79% 7,767 $913,114 Up ×1
ESGU iShares ESG Aware MSCI USA ETF $5,221,364 0.77% 31,902 $477,139 Down ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $5,141,037 0.76% 10,765 $1,020,388 Down ×5
V Visa Inc. $5,067,281 0.75% 14,770 $1,171,417 Up ×5
UNH UnitedHealth Group Incorporated Common Stock (DE) $5,030,810 0.74% 12,104 $2,050,336 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,923,838 0.73% 9,840 $906,704 Up ×6
BIZD VanEck ETF Trust $4,898,603 0.72% 386,935 $2,431,217 Up ×3
SPMO Invesco Exchange-Traded Fund Trust II $4,792,136 0.71% 29,665 $1,112,576 Down ×2
BKDV BNY Mellon ETF Trust II $4,720,482 0.70% 140,952 $944,200 Up ×5
JPM JP Morgan Chase & Co. Common Stock $4,658,323 0.69% 14,231 $897,047 Up ×6
IGLB iShares Trust $4,526,045 0.67% 90,449 $-447,729 Down ×1
BGLD First Trust Exchange-Traded Fund $4,452,725 0.66% 273,341 $-253,302 Down ×1
SPSM SPDR SERIES TRUST $4,395,851 0.65% 76,224 $1,390,072 Up ×6
ILDR First Trust Exchange-Traded Fund VIII $4,349,485 0.64% 110,829 $1,707,761 Up ×5
JNJ Johnson & Johnson Common Stock $4,249,568 0.63% 16,733 $685,075 Up ×6
SCHX SCHWAB STRATEGIC TRUST $4,229,293 0.62% 143,707 $398,888 Down ×3
LVHI Legg Mason ETF Investment Trust $4,149,492 0.61% 102,242 $749,837 Up ×6
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $4,126,886 0.61% 78,742 $1,126,579 Up ×4
TSLA Tesla, Inc. - Common Stock $3,982,225 0.59% 9,468 $1,134,634 Up ×5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $3,881,658 0.57% 89,978 $1,967 Down ×4
SQMX First Trust Exchange-Traded Fund VIII $3,731,285 0.55% 109,070 $5,253 Down ×3
THRO iShares U.S. Thematic Rotation Active ETF $3,725,938 0.55% 86,429 $253,517 Down ×3
AVEM AMERICAN CENTURY ETF TRUST $3,567,630 0.53% 36,974 $235,918 Down ×2
GE GE Aerospace Common Stock $3,391,448 0.50% 9,075 $1,400,063 Up ×4
PTRB PGIM ETF Trust $3,389,378 0.50% 81,751 $111,848 Up ×6
XLG Invesco Exchange-Traded Fund Trust $3,366,784 0.50% 54,986 $-968,133 Down ×3
GOVT iShares Trust $3,349,862 0.49% 147,053 $2,774,491 Up ×1
TCHP T. Rowe Price Exchange-Traded Funds, Inc. $3,318,813 0.49% 66,257 $278,169 Down ×1
EFG iShares Trust $3,238,034 0.48% 26,025 $-599 Down ×6
SMIZ Zacks Trust $3,213,462 0.47% 72,018 $821,838 Up ×4
CORO iShares International Country Rotation Active ETF $3,042,924 0.45% 83,140 $848,514 Up ×1
RSDE First Trust Exchange-Traded Fund VIII $3,029,655 0.45% 129,000 Up ×1
DMAY First Trust Exchange-Traded Fund VIII $3,001,544 0.44% 63,700 Up ×1
AMID Argent Mid Cap ETF $2,998,184 0.44% 82,266 $705,536 Up ×4
QMMY First Trust Exchange-Traded Fund VIII $2,993,370 0.44% 113,000 Up ×1
BOND PIMCO ETF Trust $2,984,798 0.44% 32,370 $268,015 Up ×6
DSEP First Trust Exchange-Traded Fund VIII $2,976,006 0.44% 62,732 $141,450 Down ×2
TDEC First Trust Exchange-Traded Fund VIII $2,968,883 0.44% 113,000 Up ×1
MUB iShares Trust $2,959,075 0.44% 27,496 $570,409 Up ×2
SPEM SPDR INDEX SHARES FUNDS $2,932,143 0.43% 56,627 $655,231 Up ×6
AGG iShares Trust $2,921,032 0.43% 29,511 $241,648 Up ×1
NSCI Nuveen Securitized Income ETF $2,907,849 0.43% 115,119 Up ×1
NPFI Nuveen Preferred and Income ETF $2,886,106 0.43% 110,372 Up ×1
GSUS Goldman Sachs ETF Trust $2,842,843 0.42% 27,574 $-166,624 Down ×1
XLK SELECT SECTOR SPDR TRUST $2,823,913 0.42% 14,822 $972,065 Up ×6
MMM 3M Company Common Stock $2,754,847 0.41% 17,015 $886,960 Up ×4
ACWX iShares MSCI ACWI ex U.S. ETF $2,730,827 0.40% 35,880 $757,179 Up ×1
IUSB iShares Core Universal USD Bond ETF $2,713,326 0.40% 58,794 $-183,834 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $2,606,201 0.38% 7,376 $442,511 Down ×1
SPY SPY $2,580,649 0.38% 3,456 $319,252 Down ×2
SFEB First Trust Exchange-Traded Fund VIII $2,565,908 0.38% 97,769 $126,189 Down ×1
FJAN First Trust Exchange-Traded Fund VIII $2,498,662 0.37% 45,356 $159,789 Down ×2
TBIL F/m US Treasury 3 Month Bill Fund $2,456,079 0.36% 49,260 $256,902 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $2,416,100 0.36% 5,670 $755,081 Up ×4
BUFR First Trust Exchange-Traded Fund VIII $2,398,998 0.35% 65,672 $58,669 Down ×6
JANM First Trust Exchange-Traded Fund VIII $2,397,412 0.35% 70,835 $-56,749 Down ×1
XTEN BondBloxx ETF Trust $2,270,083 0.33% 49,804 $-278,273 Down ×1
DHDG First Trust Exchange-Traded Fund VIII $2,236,487 0.33% 61,161 $145,655 Down ×2
IYW iShares Trust $2,222,139 0.33% 8,810 $475,212 Down ×5
BUFD First Trust Exchange-Traded Fund VIII $2,220,946 0.33% 74,729 $54,978 Down ×6
BFRZ Innovator Equity Managed 100 Buffer ETF $2,179,144 0.32% 80,619 $87,960 Up ×1
SYK Stryker Corporation Common Stock $2,162,191 0.32% 6,868 $834,491 Up ×4
AVUV AMERICAN CENTURY ETF TRUST $2,150,882 0.32% 17,240 $737,968 Up ×2
RSSE First Trust Exchange-Traded Fund VIII $2,114,174 0.31% 91,325 $119,082 Down ×3
XOM Exxon Mobil Corporation Common Stock $2,109,076 0.31% 15,426 $-379,828 Up ×5
SCHW Charles Schwab Corporation (The) Common Stock $2,063,801 0.30% 22,367 $-468,903 Down ×5
VUG VANGUARD INDEX FUNDS $2,016,847 0.30% 23,414 $95,924 Up ×1
SCHZ SCHWAB STRATEGIC TRUST $1,975,324 0.29% 85,401 $-333,647 Down ×3
BFJL First Trust Exchange-Traded Fund $1,966,280 0.29% 117,495 $-13,114 Down ×2
KNG First Trust Exchange-Traded Fund IV $1,965,006 0.29% 38,911 $13,485 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
FNDF $35,225,121 5.19% up ×4
MSFT $10,794,667 1.59% up ×6
EPS $9,310,727 1.37% up ×6
VO $9,110,143 1.34% up ×4
QQQM $8,729,257 1.29% up ×6
NVDA $8,074,858 1.19% up ×6
IGIB $6,967,707 1.03% up ×4
TOUS $6,942,650 1.02% up ×6
FDL $5,749,577 0.85% up ×6
AVGO $5,705,584 0.84% up ×6
JEPQ $5,680,460 0.84% up ×5
SPHY $5,619,557 0.83% up ×6
FTNT $5,618,959 0.83% up ×5
PANW $5,530,662 0.81% up ×3
V $5,067,281 0.75% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
RSDE $3,029,655 129,000 0.45%
DMAY $3,001,544 63,700 0.44%
QMMY $2,993,370 113,000 0.44%
TDEC $2,968,883 113,000 0.44%
NSCI $2,907,849 115,119 0.43%
NPFI $2,886,106 110,372 0.43%
EMR $1,407,723 9,834 0.21%
RKLB $914,850 9,000 0.13%
ACII $512,232 20,127 0.08%
LMUB $503,032 9,821 0.07%
DELL $498,141 1,155 0.07%
MU $466,333 404 0.07%
HPE $370,189 8,206 0.05%
ATCL $361,621 14,567 0.05%
MRVL $351,808 1,181 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
FNDF Bought more +129K +$8.8M
QQQM Bought more +5K +$3.1M
FTNT Bought more +5K +$3.1M
AMAT Trimmed -2K +$3.0M
FSK Trimmed -288K -$2.9M
VO Bought more +91K +$2.8M
CRM Trimmed -14K -$2.8M
EPS Bought more +23K +$2.8M
SPYM Trimmed -14K +$2.5M
BIZD Bought more +194K +$2.4M

2 positions 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
BGLD Sept. 30, 2025 355,219 $7,626,019
SAUG Dec. 31, 2025 242,273 $6,090,017
SNOV June 30, 2026 234,791 $5,826,456
QMFE Sept. 30, 2025 255,634 $5,297,785
OCTM Sept. 30, 2025 136,936 $4,303,337
DLAG June 30, 2026 138,636 $4,266,911
SMAY Sept. 30, 2025 173,998 $4,170,732
MAYM Dec. 31, 2025 90,817 $2,900,713
YSEP June 30, 2025 127,099 $2,860,998
QMAG June 30, 2026 119,469 $2,766,007
DECM Dec. 31, 2025 83,000 $2,698,463
DJAN Sept. 30, 2025 54,358 $2,192,601
DFEB Dec. 31, 2025 43,186 $2,028,874
FHDG Dec. 31, 2025 58,809 $1,964,232
FLBL June 30, 2026 84,426 $1,941,809
QSPT June 30, 2026 58,519 $1,791,577
ZOCT June 30, 2025 64,471 $1,614,515
AUGM June 30, 2025 49,170 $1,547,360
HEFA June 30, 2025 39,587 $1,343,598
VB Dec. 31, 2025 4,624 $1,180,193
QCJL June 30, 2026 49,604 $1,160,734
SCHP June 30, 2026 40,668 $1,082,184 -4.6%
YJUN Dec. 31, 2025 41,286 $1,041,229
CMBS June 30, 2026 20,174 $983,079
SPYV June 30, 2025 17,794 $861,429
GSBD June 30, 2026 95,500 $848,040 -4.3%
JULH June 30, 2026 33,550 $828,418
MLPX Dec. 31, 2025 13,894 $824,192 17.2%
XSMO March 31, 2026 10,316 $814,551
DOGG June 30, 2025 36,988 $730,794
VTEI Dec. 31, 2025 6,525 $657,720
DHDG June 30, 2025 19,895 $598,641
QCJA Sept. 30, 2025 28,742 $593,218
KMX June 30, 2026 11,953 $497,008 3.8%
BCIL June 30, 2026 18,728 $492,096
DEO June 30, 2026 6,214 $462,644 5.4%
FDG June 30, 2025 6,595 $452,689
DMXF Sept. 30, 2025 5,925 $441,090 13.0%
VMBS Dec. 31, 2025 9,323 $438,360
QGRO June 30, 2025 9,047 $402,754
SCZ Dec. 31, 2025 5,260 $401,811
IXUS Dec. 31, 2025 4,722 $398,932
AOR June 30, 2026 5,895 $379,332
VTV June 30, 2026 1,866 $366,027
DVA March 31, 2026 2,429 $364,277 16.3%
FISV Dec. 31, 2025 5,682 $362,489 -34.0%
EMR Sept. 30, 2025 2,657 $354,274 23.2%
PLTR Dec. 31, 2025 1,792 $346,949 6.2%
UL (filed as ULXXXX) Dec. 31, 2025 5,659 $344,135 -8.7%
OBDC June 30, 2026 30,874 $341,462 -5.2%
TTWO June 30, 2025 1,559 $331,989 -16.5%
VTES Dec. 31, 2025 3,229 $327,485
EAGG Dec. 31, 2025 6,624 $318,007
CMG Dec. 31, 2025 10,287 $313,548 -12.5%
GIGB June 30, 2026 6,521 $298,658
SOFI Dec. 31, 2025 9,776 $298,559 -39.8%
ISPY June 30, 2025 7,461 $291,484
BBJP Dec. 31, 2025 4,201 $290,247
FNDX Dec. 31, 2025 10,673 $284,661 17.6%
BUFQ Dec. 31, 2025 7,972 $281,890
VONG Sept. 30, 2025 2,581 $281,841
VST Dec. 31, 2025 1,476 $277,946 -13.2%
PAYC March 31, 2026 2,314 $277,082 81.8%
EBAY Sept. 30, 2025 3,704 $275,831 17.0%
SMLF Dec. 31, 2025 3,555 $264,456
T June 30, 2026 9,101 $263,827 17.4%
UDEC March 31, 2026 6,583 $260,678
CRWD Sept. 30, 2025 510 $259,748 -44.9%
HON Sept. 30, 2025 1,113 $259,100 7.9%
NOW Dec. 31, 2025 299 $259,024 -12.3%
BDX June 30, 2025 1,243 $255,609 30.6%
MCHI June 30, 2025 4,980 $251,789
SHOP Dec. 31, 2025 1,577 $250,554 -6.0%
EMB June 30, 2026 2,666 $250,464
VGIT Dec. 31, 2025 4,144 $248,764
IBDT June 30, 2026 9,797 $248,167
VTEB March 31, 2026 4,852 $246,321
SGOV June 30, 2026 2,440 $245,584 0.0%
DVY June 30, 2026 1,595 $241,493
XLV Sept. 30, 2025 1,790 $241,296 19.4%
HON June 30, 2026 1,062 $239,994 -4.4%
MAGS June 30, 2026 4,091 $237,018
BND June 30, 2025 3,241 $234,776
LCTD Dec. 31, 2025 4,272 $232,178
HELO June 30, 2026 3,629 $231,923
XDSQ Dec. 31, 2025 5,657 $230,414
PGR Sept. 30, 2025 857 $228,788 -14.8%
GSWO Sept. 30, 2025 4,164 $228,039
PWV Sept. 30, 2025 3,660 $227,432
ZJUL March 31, 2026 7,764 $226,631
TLH June 30, 2026 2,248 $226,445
TIP March 31, 2026 2,035 $226,360
TMO March 31, 2026 442 $225,344 33.2%
T Sept. 30, 2025 7,716 $223,292 -14.0%
VWO March 31, 2026 3,859 $222,895
IYH Dec. 31, 2025 3,594 $222,701 11.3%
INTU Sept. 30, 2025 278 $219,287 -58.8%
EEM March 31, 2026 3,595 $218,778
PPL June 30, 2026 5,702 $217,824 -9.8%
JQUA March 31, 2026 3,420 $216,604
GTIP Sept. 30, 2025 4,361 $215,951
ESGD March 31, 2026 2,089 $214,881
IJH Sept. 30, 2025 3,454 $214,215 11.8%
UJAN Sept. 30, 2025 5,268 $213,103
NRG Dec. 31, 2025 1,268 $211,401 -40.2%
BLOK March 31, 2026 3,987 $209,972
FDT March 31, 2026 2,261 $209,606
SPSB Sept. 30, 2025 6,918 $208,861
SCHF Dec. 31, 2025 8,714 $208,619 16.1%
GBIL Dec. 31, 2025 2,069 $206,915
SGOV Sept. 30, 2025 2,051 $206,515 0.0%
PDEC March 31, 2026 4,761 $206,437
SYY March 31, 2026 2,290 $205,888 8.6%
WBD Sept. 30, 2025 17,944 $205,638 58.4%
SNY Sept. 30, 2025 4,245 $205,076 -15.4%
VBR March 31, 2026 896 $205,054
OMC June 30, 2026 2,716 $204,532 1.8%
VOOV Dec. 31, 2025 1,011 $204,499
XLF Sept. 30, 2025 3,899 $204,200 -0.7%
SNY June 30, 2026 4,208 $202,741 -6.4%
DFIS March 31, 2026 5,592 $202,710
LSAT Sept. 30, 2025 5,119 $202,641
SPMD March 31, 2026 3,258 $201,680
EVUS March 31, 2026 6,023 $201,409
MRK June 30, 2025 2,539 $201,001 82.3%
SYY Sept. 30, 2025 2,644 $200,260 -5.9%
VIGI June 30, 2025 2,454 $200,032
QXO June 30, 2025 10,125 $146,408 -44.0%
SNAP June 30, 2026 10,800 $49,680 25.7%
BMEA Sept. 30, 2025 18,316 $32,969 -37.1%
PYXS June 30, 2026 21,277 $31,064 -28.9%
IAUX Sept. 30, 2025 42,500 $25,432 No longer tracked
IAUX June 30, 2026 11,402 $17,331 No longer tracked
SNAP Sept. 30, 2025 11,100 $12,266 -27.6%
SG Dec. 31, 2025 77,700 $2,028 34.6%
PYXS June 30, 2025 118,900 $12 94.5%