Sector breakdown

04
Industrials 5.9%
Technology 4.5%
Healthcare 3.2%
Financials 2.9%
Retail 1.6%
Communication Services 1.5%
Consumer products 0.6%
Energy 0.6%
Consumer Staples 0.5%
Utilities 0.4%
Real Estate 0.3%
Consumer Discretionary 0.1%
Materials 0.1%
Other/Unmapped 77.8%

Full portfolio 254 positions

05
Type Streak 8Q trend
VV Vanguard Morningstar Large-Cap ETF $22,871,436 8.43% 66,504 $3,103,930 Up ×2
VEU Vanguard FTSE All World Ex US ETF $22,431,286 8.27% 267,836 $2,469,206 Up ×2
DHS WisdomTree Trust $18,037,905 6.65% 158,666 $754,410 Up ×2
DGRW WisdomTree U.S. Quality Dividend Growth Fund $16,680,081 6.15% 174,441 $1,364,747 Up ×3
VCRM Vanguard Core Tax-Exempt Bond ETF $13,971,933 5.15% 182,879 $303,883 Up ×3
IBCA iShares iBonds Dec 2035 Term Corporate ETF $13,882,354 5.12% 542,068 $144,382 Up ×3
Unknown issuer (CUSIP: 46438G166) $13,865,998 5.11% 551,113 Up ×1
IBDZ iShares iBonds Dec 2034 Term Corporate ETF $13,430,091 4.95% 515,551 $122,586 Up ×6
IBDX iShares iBonds Dec 2032 Term Corporate ETF $13,288,879 4.90% 527,546 $117,538 Up ×6
VB Vanguard Morningstar Small-Cap ETF $12,776,447 4.71% 42,150 $12,602,231 Up ×4
IBDY iShares iBonds Dec 2033 Term Corporate ETF $12,756,511 4.70% 495,495 $84,117 Up ×6
CGMU Capital Group Fixed Income ETF Trust $11,601,773 4.28% 422,343 $842,498 Up ×3
QGRO AMERICAN CENTURY ETF TRUST $10,583,139 3.90% 89,650 $1,336,787 Up ×6
CAT Caterpillar, Inc. Common Stock $6,934,958 2.56% 6,512 $2,282,975 Down ×5
AAPL Apple Inc. - Common Stock $4,867,569 1.79% 16,822 $602,548 Up ×1
JPM JP Morgan Chase & Co. Common Stock $3,993,563 1.47% 12,200 $399,912 Down ×1
VTEB Vanguard Tax-Exempt Bond ETF $3,253,004 1.20% 64,314 $54,874 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $3,035,859 1.12% 8,592 $576,279 Up ×2
TDVG T. Rowe Price Dividend Growth ETF $2,915,797 1.07% 59,470 $641,032 Up ×6
MSFT Microsoft Corporation - Common Stock $2,833,791 1.04% 7,597 $18,432 Down ×1
JNJ Johnson & Johnson Common Stock $2,718,158 1.00% 10,703 $105,355 Up ×1
IWN iShares Russell 2000 Value ETF $2,630,149 0.97% 11,890 $383,118 Up ×4
LOW Lowe's Companies, Inc. Common Stock $2,235,673 0.82% 10,140 $-154,130 Up ×2
QCOM QUALCOMM Incorporated - Common Stock $2,032,649 0.75% 11,000 $608,374 Down ×4
EMR Emerson Electric Company Common Stock $1,950,422 0.72% 13,625 $177,991 Up ×1
RTX RTX Corporation Common Stock $1,865,744 0.69% 9,834 $-10,546 Up ×1
TRV The Travelers Companies, Inc. Common Stock $1,859,623 0.69% 5,633 $220,257 Up ×2
ADP Automatic Data Processing, Inc. - Common Stock $1,738,708 0.64% 7,764 $141,626 Down ×4
WMT Walmart Inc. - Common Stock $1,723,086 0.63% 15,214 $-163,129 Up ×1
NSC Norfolk Southern Corporation Common Stock $1,695,016 0.62% 5,388 $138,124 Down ×4
PG Procter & Gamble Company (The) Common Stock $1,622,859 0.60% 11,067 $18,768 Down ×1
VUG Vanguard Morningstar Growth ETF $1,563,411 0.58% 18,150 $243,344 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $1,507,555 0.56% 11,732 $91,490 Down ×4
ABT Abbott Laboratories Common Stock $1,371,936 0.51% 15,119 $-218,259 Down ×4
AMGN Amgen Inc. - Common Stock $1,060,198 0.39% 2,928 $19,972 Down ×4
XOM Exxon Mobil Corporation Common Stock $893,097 0.33% 6,532 $-213,423 Up ×1
NVDA NVIDIA Corporation - Common Stock $868,133 0.32% 4,339 $338,891 Up ×1
PEP PepsiCo, Inc. - Common Stock $855,803 0.32% 6,321 $-112,903 Up ×1
NVS Novartis AG Common Stock $847,855 0.31% 5,410 $21,477
FDX FedEx Corporation Common Stock $842,251 0.31% 2,690 $-140,284 Down ×5
NEE NextEra Energy, Inc. Common Stock $777,182 0.29% 8,855 $-39,138 Up ×1
PLD Prologis, Inc. Common Stock $696,341 0.26% 5,140 $22,184 Up ×6
IBM International Business Machines Corporation Common Stock $682,628 0.25% 2,427 $91,486 Down ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $674,538 0.25% 2,740 $127,820 Up ×1
CEF Sprott Physical Gold and Silver Trust Units $549,823 0.20% 13,667 $-102,366
AMAT Applied Materials, Inc. - Common Stock $517,275 0.19% 715 $272,983
VCIT Vanguard Intermediate-Term Corporate Bond ETF $495,817 0.18% 5,999 $397,427 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $489,912 0.18% 4,171 $162,666 Down ×1
CVX Chevron Corporation Common Stock $435,349 0.16% 2,626 $69,578 Up ×1
VBR Vanguard Morningstar Small-Cap Value ETF $427,536 0.16% 1,759 $72,370 Up ×6
GLW Corning Incorporated Common Stock $389,804 0.14% 1,526 $182,410 Up ×3
VGT Vanguard Information Tech ETF $388,402 0.14% 3,250 $105,296 Up ×2
AMZN Amazon.com, Inc. - Common Stock $335,344 0.12% 1,407 $42,308
LMT Lockheed Martin Corporation Common Stock $287,322 0.11% 564 $-52,040 Up ×3
IWF iShares Russell 1000 Growth Fund $261,222 0.10% 2,104 $36,968 Up ×1
QQQ Invesco QQQ Trust, Series 1 $257,295 0.09% 349 $55,631
META Meta Platforms, Inc. - Class A Common Stock $215,740 0.08% 383 $-3,386
Unknown issuer (CUSIP: 314352105) $200,226 0.07% 1,326 Up ×1
VCSH Vanguard Short-Term Corporate Bond ETF $197,812 0.07% 2,503 $-601
ITA iShares U.S. Aerospace & Defense ETF $194,498 0.07% 802 $20,197 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $190,148 0.07% 380 $8,052
MA Mastercard Incorporated Common Stock $188,548 0.07% 367 $5,117
KO Coca-Cola Company (The) Common Stock $171,561 0.06% 2,111 $11,019
KMI Kinder Morgan, Inc. Common Stock $170,486 0.06% 5,333 $-8,319
V Visa Inc. $165,512 0.06% 482 $18,800 Down ×2
MO Altria Group, Inc. $160,958 0.06% 2,237 $14,348 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $159,431 0.06% 446 $31,214
BAC Bank of America Corporation Common Stock $156,792 0.06% 2,752 $23,208 Up ×1
VIG Vanguard Div Appreciation ETF $156,445 0.06% 661 $14,623 Up ×1
LLY Eli Lilly and Company Common Stock $150,230 0.06% 125 $35,068
AZN AstraZeneca PLC - American Depositary Shares $141,267 0.05% 745 Up ×1
MSTR Strategy Inc - Class A Common Stock $139,088 0.05% 1,600 $-60,592
ABBV AbbVie Inc. Common Stock $137,610 0.05% 547 $18,675
SCHG SCHWAB STRATEGIC TRUST $136,597 0.05% 4,037 $19,131 Up ×6
MCD McDonald's Corporation Common Stock $133,855 0.05% 495 $-19,786 Up ×1
VO Vanguard Morningstar Mid-Cap ETF $131,938 0.05% 1,638 $14,659 Up ×2
IWO iShares Russell 2000 Growth Fund $128,448 0.05% 326 $26,245
UNH UnitedHealth Group Incorporated Common Stock (DE) $125,621 0.05% 302 $44,036
PM Philip Morris International Inc Common Stock $108,434 0.04% 599 $9,573 Up ×5
CSX CSX Corporation - Common Stock $107,060 0.04% 2,252 $14,596
ALC Alcon Inc. Ordinary Shares $106,152 0.04% 1,582 $-13,052
JMUB JPMorgan Municipal ETF $103,802 0.04% 2,049 $2,209 Up ×6
APD Air Products and Chemicals, Inc. Common Stock $98,508 0.04% 336 $903
VZ Verizon Communications Inc. Common Stock $96,567 0.04% 2,281 $-16,841 Up ×6
INTC Intel Corporation - Common Stock $95,125 0.04% 681 $63,737 Down ×5
DE Deere & Company Common Stock $94,551 0.03% 149 $10,587
CB Chubb Limited Common Stock $94,316 0.03% 277 $4,100
PFE Pfizer, Inc. Common Stock $93,581 0.03% 3,886 $-12,353 Up ×2
VTI Vanguard Morningstar Total Stock Market ETF $92,889 0.03% 251 $12,585 Up ×6
MCO Moody's Corporation Common Stock $90,584 0.03% 200 $3,334
COP ConocoPhillips Common Stock $85,531 0.03% 823 $-22,296 Up ×1
AFL AFLAC Incorporated Common Stock $83,782 0.03% 715 $5,810 Up ×6
FT Franklin Universal Trust Common Stock $82,819 0.03% 10,269 $564
TD Toronto Dominion Bank (The) Common Stock $72,858 0.03% 600 $16,872
NOW ServiceNow, Inc. Common Stock $71,978 0.03% 725 $-3,821
TXN Texas Instruments Incorporated - Common Stock $64,440 0.02% 216 $22,669 Up ×6
BMY Bristol-Myers Squibb Company Common Stock $64,113 0.02% 1,113 $-2,658 Up ×2
BA Boeing Company (The) Common Stock $62,848 0.02% 290 $5,063
VEEV Veeva Systems Inc. Class A Common Stock $56,968 0.02% 321 $581
HLNE Hamilton Lane Incorporated - Class A Common Stock $56,915 0.02% 722 $-14,852

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
DGRW $16,680,081 6.15% up ×3
VCRM $13,971,933 5.15% up ×3
IBCA $13,882,354 5.12% up ×3
IBDZ $13,430,091 4.95% up ×6
IBDX $13,288,879 4.90% up ×6
VB $12,776,447 4.71% up ×4
IBDY $12,756,511 4.70% up ×6
CGMU $11,601,773 4.28% up ×3
QGRO $10,583,139 3.90% up ×6
TDVG $2,915,797 1.07% up ×6
IWN $2,630,149 0.97% up ×4
VUG $1,563,411 0.58% up ×4
PLD $696,341 0.26% up ×6
VBR $427,536 0.16% up ×6
GLW $389,804 0.14% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 46438G166) $13,865,998 551,113 5.11%
Unknown issuer (CUSIP: 314352105) $200,226 1,326 0.07%
AZN $141,267 745 0.05%
Unknown issuer (CUSIP: 438516205) $46,571 208 0.02%
Unknown issuer (CUSIP: 43849R105) $45,985 208 0.02%
NFJ $12,532 825 0.00%
AIPO $12,362 370 0.00%
Unknown issuer (CUSIP: 84615Q103) $11,960 70 0.00%
STK $11,313 210 0.00%
EXG $10,713 1,092 0.00%
AADR $10,675 130 0.00%
SPXX $9,376 503 0.00%
LGI $7,392 400 0.00%
NBXG $7,278 440 0.00%
TER $7,258 15 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VV Bought more +359 +$3.1M
VEU Bought more +2K +$2.5M
CAT Trimmed -54 +$2.3M
DGRW Bought more +86 +$1.4M
QGRO Bought more +2K +$1.3M
CGMU Bought more +26K +$842K
DHS Bought more +421 +$754K
TDVG Bought more +9K +$641K
QCOM Trimmed -60 +$608K
AAPL Bought more +17 +$603K

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
IBDV Sept. 30, 2025 603,760 $13,270,647
BSMW Sept. 30, 2025 60,474 $1,480,408
BSMU Sept. 30, 2025 65,522 $1,408,722
BSSX Sept. 30, 2025 53,751 $1,347,538
BSMV Sept. 30, 2025 62,646 $1,291,762
BSMY Sept. 30, 2025 54,198 $1,285,369
BDX Sept. 30, 2025 4,564 $786,091 22.8%
CLX Sept. 30, 2025 6,095 $731,846 -33.5%
EPD Sept. 30, 2025 13,820 $428,569 17.7%
SCYB Sept. 30, 2025 10,496 $278,566 -4.9%
AZN March 31, 2026 1,490 $137,001 -20.6%
AMLP Sept. 30, 2025 2,100 $102,592
BIP Sept. 30, 2025 2,932 $98,206 10.0%
HON June 30, 2026 417 $94,294 -4.4%
IBB Sept. 30, 2025 552 $69,834 44.0%
FDN Sept. 30, 2025 250 $67,333
RPM Sept. 30, 2025 609 $66,854 -19.2%
HD Sept. 30, 2025 159 $58,162 -30.6%
BME June 30, 2025 1,500 $57,960 17.5%
CME Sept. 30, 2025 210 $57,853 -0.1%
VYM Sept. 30, 2025 428 $57,057
BEP Sept. 30, 2025 2,035 $51,913 9.4%
UL (filed as ULXXXX) Dec. 31, 2025 813 $48,195 -8.3%
VCR Sept. 30, 2025 124 $44,928
OKE Sept. 30, 2025 514 $41,995 21.4%
PANW Sept. 30, 2025 200 $40,928 99.8%
ECL Sept. 30, 2025 150 $40,416 1.2%
MAR Sept. 30, 2025 137 $37,448 36.6%
ADBE Dec. 31, 2025 105 $37,039 -31.8%
LDP Sept. 30, 2025 1,706 $35,801 -12.4%
VHT Sept. 30, 2025 100 $24,834
TSM Sept. 30, 2025 105 $23,706 73.9%
CGO Sept. 30, 2025 1,982 $23,209 5.3%
GRMN Sept. 30, 2025 109 $22,759 16.0%
ED Sept. 30, 2025 222 $22,278 2.8%
GILD Sept. 30, 2025 200 $22,174 30.3%
VDC Sept. 30, 2025 97 $21,243
BEPC Sept. 30, 2025 491 $16,090 -17.7%
IWM Sept. 30, 2025 67 $14,458 17.1%
BP Sept. 30, 2025 400 $11,972 29.5%
SEE June 30, 2026 283 $11,884 No longer tracked
BIPC Sept. 30, 2025 275 $11,443 -11.6%
ALNY Sept. 30, 2025 35 $11,413 -51.8%
PAVE Sept. 30, 2025 250 $10,895
VTV June 30, 2025 61 $10,456
INFL June 30, 2026 200 $10,412
IAI March 31, 2026 50 $8,969
IPG Dec. 31, 2025 283 $7,899 No longer tracked
MYRG June 30, 2026 25 $7,058 -39.5%
IGIB Sept. 30, 2025 132 $7,034
LITE June 30, 2026 10 $7,028 27.2%
OPFI Sept. 30, 2025 500 $6,995 -46.7%
RIVN Sept. 30, 2025 500 $6,870 -0.5%
GRNY March 31, 2026 275 $6,809
BKV March 31, 2026 250 $6,788 -23.6%
IBIT March 31, 2026 125 $6,206
IYW March 31, 2026 30 $5,990 49.7%
IEI Sept. 30, 2025 50 $5,955
FOLD Sept. 30, 2025 1,000 $5,730 No longer tracked
SPEM June 30, 2025 141 $5,549 23.6%
FLS June 30, 2026 75 $5,513 0.2%
BIV Sept. 30, 2025 67 $5,182
CHTR June 30, 2026 24 $5,181 -24.2%
PFF Sept. 30, 2025 167 $5,124
STT March 31, 2026 37 $4,773 39.4%
SCHO Dec. 31, 2025 193 $4,709 -2.0%
SPSB June 30, 2025 154 $4,625
RJF June 30, 2025 33 $4,584 4.8%
THG Dec. 31, 2025 25 $4,541 20.6%
HPQ Sept. 30, 2025 182 $4,464 15.6%
GFI March 31, 2026 100 $4,366 -21.4%
REZI Dec. 31, 2025 100 $4,318 -47.2%
QCRH March 31, 2026 50 $4,165 17.1%
OPRX Dec. 31, 2025 200 $4,100 -28.9%
XLF Dec. 31, 2025 75 $4,040 -1.6%
TFPM March 31, 2026 116 $3,854 -12.2%
BFH March 31, 2026 50 $3,702 32.1%
DOO March 31, 2026 50 $3,538 -23.4%
SPDW June 30, 2025 96 $3,491
CMC March 31, 2026 50 $3,461 6.6%
IGV Dec. 31, 2025 30 $3,450 3.8%
MU June 30, 2026 10 $3,378 -7.8%
MRNA Dec. 31, 2025 127 $3,280 589.1%
EMB June 30, 2025 34 $3,058
KGC June 30, 2026 100 $3,052 -0.2%
VOE June 30, 2025 19 $3,011
GVA June 30, 2026 25 $2,997 -24.8%
CDE June 30, 2026 159 $2,984 4.5%
QQQM Dec. 31, 2025 12 $2,965
ECO Dec. 31, 2025 100 $2,927 161.8%
BAP March 31, 2026 10 $2,870 11.5%
RNGR Dec. 31, 2025 200 $2,808 14.4%
KE March 31, 2026 100 $2,782 19.2%
IBKR Dec. 31, 2025 40 $2,752 38.5%
FARM Sept. 30, 2025 2,000 $2,740 No longer tracked
ECPG March 31, 2026 50 $2,718 39.6%
EVER March 31, 2026 100 $2,700 25.9%
GNTX Dec. 31, 2025 95 $2,689 -5.8%
STRT March 31, 2026 35 $2,665 -15.9%
AZZ June 30, 2026 20 $2,503 -10.3%
ILTB June 30, 2025 45 $2,272
IUSV June 30, 2025 24 $2,202
SCSC Dec. 31, 2025 50 $2,200 56.2%
NGD March 31, 2026 220 $1,916 No longer tracked
BCAL March 31, 2026 100 $1,867 22.5%
NRIM March 31, 2026 70 $1,863 7.8%
KT June 30, 2025 100 $1,771 -8.5%
DNOW Dec. 31, 2025 100 $1,525 20.0%
APRE Dec. 31, 2025 806 $1,189 -20.8%
SCZ June 30, 2025 17 $1,066
DG June 30, 2025 12 $1,055 4.3%
JD June 30, 2025 25 $1,028 -19.2%
FVRR Sept. 30, 2025 32 $939 -64.8%
ORGN June 30, 2026 299 $682 No longer tracked
PATH Sept. 30, 2025 50 $640 -1.6%
ETHA March 31, 2026 25 $561
BRCC Sept. 30, 2025 350 $459 -39.4%
OSUR Sept. 30, 2025 125 $375 28.0%
NOK June 30, 2025 44 $232 96.9%
UUUU June 30, 2025 19 $71 No longer tracked
TLRY June 30, 2025 90 $59 807.3%
VUZI June 30, 2025 10 $20 2.1%
BB June 30, 2025 4 $15 98.3%
CGC June 30, 2025 15 $14 -27.5%
ORGNW June 30, 2026 2,000 $5 No longer tracked