Sector breakdown

04
Technology 11.1%
Industrials 4.9%
Healthcare 4.0%
Retail 3.8%
Communication Services 3.3%
Financials 3.2%
Real Estate 1.8%
Energy 1.0%
Consumer Discretionary 0.8%
Materials 0.4%
Utilities 0.3%
Consumer products 0.1%
Other/Unmapped 65.4%

Full portfolio 164 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $9,142,233 3.90% 36,023 $-841,101 Down ×5
DGRO iShares Trust $7,832,593 3.34% 111,607 $33,763 Down ×3
PCQ PIMCO California Municipal Income Fund Common Stock $7,433,824 3.17% 866,413 $-600,552 Down ×1
ASND Ascendis Pharma A/S - American Depositary Shares $5,964,592 2.54% 26,077 $142,074 Down ×1
Unknown issuer (CUSIP: 98400T304) $5,911,569 2.52% 344,096 Up ×1
FSCO FS Credit Opportunities Corp. Common Stock $5,783,400 2.47% 1,134,000 $126,517 Up ×1
FSSL FS Specialty Lending Fund Common Shares of Beneficial Interest $5,657,022 2.41% 452,200 Up ×1
TWN Taiwan Fund, Inc. (The) Common Stock $5,522,160 2.36% 84,000 $1,038,240
MSFT Microsoft Corporation - Common Stock $5,314,940 2.27% 14,358 $-1,544,374 Up ×1
MXF Mexico Fund, Inc. (The) Common Stock $4,290,650 1.83% 205,000 $161,950
PNI Pimco New York Municipal Income Fund II Common Shares of Beneficial Interest $4,238,273 1.81% 618,726
NXDT NexPoint Diversified Real Estate Trust Common Stock $4,220,933 1.80% 903,840 $920,970 Up ×1
LRCX Lam Research Corporation - Common Stock $4,087,316 1.74% 19,130 $879,916 Up ×1
BPRE Bluerock Private Real Estate Fund Common Shares of Beneficial Interest $4,086,060 1.74% 246,000 $714,060 Up ×1
BTX BlackRock Technology and Private Equity Term Trust Common Shares of Beneficial Interest $3,913,800 1.67% 593,000 $150,910 Up ×2
RGT Royce Global Trust, Inc. Common Stock $3,888,342 1.66% 291,000 $73,332
GOOGL Alphabet Inc. - Class A Common Stock $3,731,137 1.59% 12,975 $-330,084
KF Korea Fund, Inc. (The) New Common Stock $3,693,699 1.58% 82,265 $705,835
STEW SRH Total Return Fund, Inc. Common Stock $3,693,600 1.58% 216,000 $356,400 Up ×1
TDF Templeton Dragon Fund, Inc. Common Stock $3,628,620 1.55% 342,000 $-222,300
HGLB Highland Global Allocation Fund Common Stock $3,557,290 1.52% 443,000 $-30,800 Up ×1
HFRO Highland Opportunities and Income Fund Common Shares of Beneficial Interest $3,523,070 1.50% 617,000 $-166,590
DMA Destra Multi-Alternative Fund Common Stock $3,341,320 1.43% 412,000 $-309,470 Up ×1
CET CUSIP: 155123102 $3,227,900 1.38% 65,000 $-68,250
CAF Morgan Stanley China A Share Fund Inc. Common Stock $3,116,751 1.33% 178,100 $-928,129 Down ×1
MXE Mexico Equity and Income Fund, Inc. (The) Common Stock $3,067,968 1.31% 237,827 $123,670
VBK Vanguard Morningstar Small-Cap Growth ETF $2,887,697 1.23% 9,554 $1,338
GLO CUSIP: 18914E106 $2,542,967 1.08% 456,547 $-231,158 Down ×1
BIV VANGUARD BOND INDEX FUNDS $2,484,115 1.06% 32,186 $-22,531
SWZ Total Return Securities Fund Common Stock $2,415,105 1.03% 407,269 $-1,379,095 Down ×1
AMZN Amazon.com, Inc. - Common Stock $2,354,513 1.00% 11,305 $-245,476 Up ×2
VBR Vanguard Morningstar Small-Cap Value ETF $2,314,147 0.99% 10,652 $58,160
GEV GE Vernova Inc. Common Stock $2,280,952 0.97% 2,613 $1,324,779 Up ×2
WIW Western Asset Inflation-Linked Opportunities & Income Fund $1,945,800 0.83% 230,000 $-29,900
VVR Invesco Senior Income Trust Common Stock (DE) $1,932,000 0.82% 600,000 $332,702 Up ×1
JFR Nuveen Floating Rate Income Fund Common Stock $1,880,000 0.80% 250,000 Up ×1
EEA The European Equity Fund, Inc. Common Stock $1,860,013 0.79% 188,070 $-77,108
BGX Blackstone Long Short Credit Income Fund Common Shares $1,853,000 0.79% 170,000 Up ×1
BTT BlackRock Municipal 2030 Target Term Trust $1,851,457 0.79% 81,562 $-202,343 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $1,800,493 0.77% 3,147 $-276,810
XOM Exxon Mobil Corporation Common Stock $1,777,019 0.76% 10,474 $516,217 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,761,320 0.75% 6,140 $-71,272 Up ×1
VFL CUSIP: 24610T108 $1,739,942 0.74% 174,693 $-54,155
DISV Dimensional ETF Trust $1,739,304 0.74% 44,100 $63,504
NBXG Neuberger Next Generation Connectivity Fund Inc. Common Stock $1,670,397 0.71% 129,790 $-203,771
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,667,380 0.71% 3,480 $114,439 Up ×4
JQC Nuveen Credit Strategies Income Fund Shares of Beneficial Interest $1,531,464 0.65% 314,469 $676,824 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,523,908 0.65% 8,738 $-107,968 Down ×1
JEPI JPMorgan Equity Premium Income ETF $1,442,105 0.62% 25,443 $940,391 Up ×2
GLV CUSIP: 18913Y103 $1,425,447 0.61% 240,785 $-12,039
JPM JP Morgan Chase & Co. Common Stock $1,422,880 0.61% 4,837 $-169,085 Down ×1
DFEV Dimensional ETF Trust $1,422,613 0.61% 39,760 $81,111
ETN Eaton Corporation, PLC Ordinary Shares $1,416,016 0.60% 3,959 $155,035
FMN Federated Hermes Premier Municipal Income Fund $1,407,948 0.60% 128,815 $-23,186
NBH CUSIP: 64124P101 $1,379,385 0.59% 135,900 $4,077
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $1,348,324 0.58% 14,355 $-33,689 Up ×3
WMT Walmart Inc. - Common Stock $1,320,848 0.56% 10,628 $135,223 Down ×1
EEM iShares, Inc. $1,305,602 0.56% 22,990 $47,819
JCI Johnson Controls International plc Ordinary Share $1,270,870 0.54% 9,705 $108,696
COST Costco Wholesale Corporation - Common Stock $1,268,160 0.54% 1,273 $148,262 Down ×3
SFM Sprouts Farmers Market, Inc. - Common Stock $1,245,032 0.53% 16,142 $-550,889 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,228,448 0.52% 3,635 $123,808
BWG BrandywineGLOBAL Global Income Opportunities Fund Inc. $1,118,792 0.48% 145,866 $-102,106
V Visa Inc. $1,100,456 0.47% 3,641 $-177,882 Down ×1
ADI Analog Devices, Inc. - Common Stock $1,083,585 0.46% 3,406 $159,878
ACM AECOM Common Stock $1,069,665 0.46% 12,611 $-132,542
FDX FedEx Corporation Common Stock $997,304 0.43% 2,800 $188,496
NKE Nike, Inc. Common Stock $985,516 0.42% 18,658 $-133,232 Up ×2
BLK BlackRock, Inc. Common Stock $904,007 0.39% 940 $-102,113
NTAP NetApp, Inc. - Common Stock $890,691 0.38% 8,699 $-40,885
TSCO Tractor Supply Company - Common Stock $829,670 0.35% 18,315 $-86,263
MUC Blackrock MuniHoldings California Quality Fund, Inc. Common Stock $817,440 0.35% 78,600 $-15,720
Unknown issuer (CUSIP: 78462F953) $808,872 0.35% 557 Put option Up ×1
IDEV iShares Core MSCI International Developed Markets ETF $804,946 0.34% 9,632 $10,499
NTR Nutrien Ltd. Common Shares $773,918 0.33% 10,256 $140,918
STE STERIS plc (Ireland) Ordinary Shares $751,179 0.32% 3,397 $-110,028
SOFI SoFi Technologies, Inc. - Common Stock $734,085 0.31% 46,227
LOW Lowe's Companies, Inc. Common Stock $733,177 0.31% 3,103 $-15,142
DE Deere & Company Common Stock $720,461 0.31% 1,279 $124,997
VEA Vanguard FTSE Developed Markets ETF $719,490 0.31% 11,228 $18,077
THNQ ROBO Global Artificial Intelligence ETF $710,028 0.30% 12,032 $133,158 Up ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $694,296 0.30% 5,534 Up ×1
DGS WisdomTree Trust $692,232 0.30% 11,518 $32,942
BSV VANGUARD BOND INDEX FUNDS $691,027 0.29% 8,813 $309,193 Up ×2
LMT Lockheed Martin Corporation Common Stock $688,400 0.29% 1,139 $137,500
VOO Vanguard S&P 500 ETF $686,068 0.29% 1,148 $-27,853 Up ×2
MYN Blackrock MuniYield New York Quality Fund, Inc.Common Stock $685,622 0.29% 71,419 Up ×1
VFH Vanguard Financials ETF $677,865 0.29% 5,611 $-97,845 Down ×2
MA Mastercard Incorporated Common Stock $673,042 0.29% 1,347 $-99,359 Down ×1
EMLC VanEck ETF Trust $625,239 0.27% 24,900 $-17,679
RFMZ RiverNorth Flexible Municipal Income Fund II, Inc. Common Stock $622,254 0.27% 49,190 $-491
CEE The Central and Eastern Europe Fund, Inc. (The) Common Stock $622,109 0.27% 33,995 $20,397
VST Vistra Corp. Common Stock $608,837 0.26% 4,050 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $608,743 0.26% 4,727 $-199,810
SPY SPY $574,467 0.25% 883 $-84,875 Down ×1
UNP Union Pacific Corporation Common Stock $557,056 0.24% 2,296 $25,945
MINV Matthews International Funds $549,581 0.23% 14,447 $19,194 Down ×1
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $539,897 0.23% 9,724 $36,619 Up ×3
SPRY ARS Pharmaceuticals, Inc. - Common Stock $539,849 0.23% 67,229 $-107,437 Up ×1
CVX Chevron Corporation Common Stock $529,052 0.23% 2,557 $138,897 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
BRK-B (filed as BRKB) $1,667,380 0.71% up ×4
EMB $1,348,324 0.58% up ×3
JEPQ $539,897 0.23% up ×3
DFAC $369,295 0.16% up ×5
WVE $338,733 0.14% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 98400T304) $5,911,569 344,096 2.52%
FSSL $5,657,022 452,200 2.41%
PNI $4,238,273 618,726 1.81%
JFR $1,880,000 250,000 0.80%
BGX $1,853,000 170,000 0.79%
Unknown issuer (CUSIP: 78462F953) $808,872 557 0.35%
SOFI $734,085 46,227 0.31%
BABA $694,296 5,534 0.30%
MYN $685,622 71,419 0.29%
VST $608,837 4,050 0.26%
ASML $376,437 285 0.16%
BE $365,823 2,700 0.16%
EVF $137,360 27,527 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Bought more +175 -$1.5M
SWZ Trimmed -203K -$1.4M
GEV Bought more +1K +$1.3M
TWN Price move only +0 +$1.0M
JEPI Bought more +17K +$940K
CAF Trimmed -55K -$928K
NXDT Bought more +42K +$921K
LRCX Bought more +393 +$880K
AAPL Trimmed -699 -$841K
BPRE Bought more +21K +$714K

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
CHN Dec. 31, 2025 243,000 $4,485,780 No longer tracked
XFLT March 31, 2026 920,000 $4,416,000 12.3%
JOF June 30, 2025 362,000 $3,037,180 31.1%
DMB Dec. 31, 2025 278,812 $2,983,288 -14.5%
KYN March 31, 2026 222,839 $2,758,747 -1.5%
TEAF Dec. 31, 2025 227,000 $2,669,520 No longer tracked
PZC Sept. 30, 2025 379,553 $2,364,615 No longer tracked
PCK Sept. 30, 2025 358,504 $1,921,581 No longer tracked
EDD Sept. 30, 2025 355,711 $1,821,240 -2.6%
PNI Sept. 30, 2025 257,835 $1,732,651 -11.8%
PMO Dec. 31, 2025 166,367 $1,718,571 -15.2%
PNF Sept. 30, 2025 236,000 $1,649,640 No longer tracked
PFO Sept. 30, 2025 170,775 $1,579,669 -12.7%
PFD Sept. 30, 2025 134,805 $1,524,645 -12.4%
RA June 30, 2025 115,000 $1,513,400 -14.6%
FLC Sept. 30, 2025 76,304 $1,297,168 -13.6%
OPP Sept. 30, 2025 150,538 $1,287,100 -19.0%
MIY June 30, 2025 110,749 $1,260,324 0.6%
MUJ Dec. 31, 2025 100,700 $1,167,113 -6.7%
VRNA Sept. 30, 2025 10,294 $973,607 No longer tracked
IIF June 30, 2025 37,950 $925,601 -24.6%
GRX June 30, 2025 87,125 $878,220 -0.6%
ELV March 31, 2026 2,250 $788,738 34.8%
PYN Sept. 30, 2025 147,857 $774,771 No longer tracked
LEO March 31, 2026 117,935 $750,067 -13.0%
EMF Dec. 31, 2025 44,136 $738,837 33.8%
EMO June 30, 2025 14,835 $736,113 4.8%
BNY March 31, 2026 69,921 $708,999
GGZ March 31, 2026 40,365 $605,475 1.6%
ZROZ Sept. 30, 2025 8,700 $583,509
VGI June 30, 2025 71,295 $551,645 -15.1%
NFLX Dec. 31, 2025 444 $532,320 -28.0%
LNC Sept. 30, 2025 13,500 $467,100 1.4%
EMD Sept. 30, 2025 45,659 $458,873 -11.0%
FISV Dec. 31, 2025 3,248 $418,765 -31.3%
OKLO March 31, 2026 5,800 $416,208 -27.5%
FFC Sept. 30, 2025 23,907 $389,445 -12.8%
SOFI Dec. 31, 2025 13,890 $366,974 -39.2%
GAM Dec. 31, 2025 5,300 $329,713 8.9%
UNH March 31, 2026 925 $305,444 39.9%
MMU Sept. 30, 2025 29,650 $293,535 -14.5%
IQI Sept. 30, 2025 28,545 $267,752 -11.4%
SMH Dec. 31, 2025 780 $254,561 76.0%
UUUU Dec. 31, 2025 16,368 $251,249 No longer tracked
BHV Sept. 30, 2025 23,365 $242,762 7.2%
ISRG March 31, 2026 424 $240,137 -11.8%
BA March 31, 2026 1,104 $239,700 -3.2%
ISRG Sept. 30, 2025 423 $229,862 -9.1%
SHOP March 31, 2026 1,390 $223,748 35.0%
IBIT March 31, 2026 4,496 $223,226
SCHW March 31, 2026 2,160 $215,806 4.2%
IWB March 31, 2026 567 $211,740
GDLC March 31, 2026 4,850 $200,418
GRF Dec. 31, 2025 16,262 $170,958 No longer tracked
AEF Dec. 31, 2025 23,050 $149,364 No longer tracked
EOD June 30, 2025 27,511 $136,179 17.8%
DSM Dec. 31, 2025 19,352 $114,564 -16.5%