Sector breakdown

04
Financials 20.7%
Technology 5.2%
Communication Services 4.0%
Retail 2.0%
Healthcare 1.4%
Industrials 0.8%
Energy 0.7%
Consumer Staples 0.5%
Materials 0.5%
Utilities 0.3%
Consumer Discretionary 0.2%
Real Estate 0.1%
Other/Unmapped 63.6%

Full portfolio 138 positions

05
Type Streak 8Q trend
IVV iShares Trust $54,269,275 14.65% 72,466 $8,153,435 Up ×6
MFIC MidCap Financial Investment Corporation - Closed End Fund $19,148,639 5.17% 1,899,667 $-1,888,732 Up ×5
OBDC Blue Owl Capital Corporation Common Stock $18,473,368 4.99% 1,688,690 $2,684,019 Up ×3
IEFA iShares Core MSCI EAFE ETF $17,003,926 4.59% 176,061 $2,541,749 Up ×6
QQQ Invesco QQQ Trust, Series 1 $14,749,959 3.98% 20,030 $3,153,959 Down ×2
IEMG iShares, Inc. $13,538,523 3.65% 163,430 $2,969,950 Up ×6
VTI Vanguard Morningstar Total Stock Market ETF $11,440,423 3.09% 30,917 $1,443,877 Down ×1
TCPC BlackRock TCP Capital Corp. - Closed End Fund $10,517,758 2.84% 3,130,285 $-491,107 Up ×5
IWF iShares Russell 1000 Growth Fund $10,489,937 2.83% 84,480 $1,370,890 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $9,733,961 2.63% 17,281 $410,258 Up ×1
IVW iShares S&P 500 Growth ETF $9,679,776 2.61% 70,383 $2,001,986 Up ×6
IJH iShares Trust $7,847,527 2.12% 101,771 $1,623,032 Up ×6
IJR iShares Trust $7,784,922 2.10% 52,491 $1,600,562 Up ×6
AAPL Apple Inc. - Common Stock $7,626,042 2.06% 26,355 $869,359 Down ×2
AMZN Amazon.com, Inc. - Common Stock $7,247,204 1.96% 30,407 $-1,635,512 Down ×3
IWD iShares Russell 1000 Value ETF $6,781,946 1.83% 27,975 $785,214 Down ×1
GBDC Golub Capital BDC, Inc. - Closed End Fund $6,510,093 1.76% 505,442 $-670,722 Down ×1
VOO Vanguard S&P 500 ETF $5,863,113 1.58% 8,537 $763,958 Up ×2
SPY SPY $4,954,400 1.34% 6,632 $556,004 Down ×1
IWB iShares Russell 1000 ETF $4,895,256 1.32% 11,954 $633,825 Up ×3
KKR KKR & Co. Inc. Common Stock $4,711,893 1.27% 51,339 $293,075 Up ×2
NVDA NVIDIA Corporation - Common Stock $4,524,823 1.22% 22,614 $586,105 Up ×1
FNDX SCHWAB STRATEGIC TRUST $4,483,164 1.21% 144,153 $918,148 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,174,491 1.13% 8,342 $171,985 Down ×1
SCHA SCHWAB STRATEGIC TRUST $3,884,715 1.05% 107,520 $747,279 Down ×2
QQQM Invesco NASDAQ 100 ETF $3,797,136 1.03% 12,533 $1,148,096 Up ×1
VIG Vanguard Div Appreciation ETF $3,460,238 0.93% 14,624 $316,792 Up ×4
SCHX SCHWAB STRATEGIC TRUST $3,298,320 0.89% 112,073 $372,527 Down ×1
BX Blackstone Inc. Common Stock $2,964,946 0.80% 25,197 $398,103 Up ×6
APO Apollo Global Management, Inc. (New) Common Stock $2,906,758 0.78% 24,569 $470,783 Up ×3
XLV SELECT SECTOR SPDR TRUST $2,854,243 0.77% 17,990 $215,073 Down ×1
VGT Vanguard Information Tech ETF $2,651,432 0.72% 22,184 $716,654 Up ×1
VUG Vanguard Morningstar Growth ETF $2,618,971 0.71% 30,404 $405,601 Up ×2
EEM iShares, Inc. $2,494,189 0.67% 36,459 $414,334 Down ×1
MSFT Microsoft Corporation - Common Stock $2,290,231 0.62% 6,140 $197,496 Up ×2
LLY Eli Lilly and Company Common Stock $2,120,592 0.57% 1,768 $494,439
GOOG Alphabet Inc. - Class C Capital Stock $2,118,213 0.57% 5,995 $293,497 Down ×4
IUSV iShares Core S&P U.S. Value ETF $2,110,398 0.57% 19,159 $110,339 Down ×2
XLK SELECT SECTOR SPDR TRUST $2,038,644 0.55% 10,700 $925,302 Up ×5
GOOGL Alphabet Inc. - Class A Common Stock $2,021,374 0.55% 5,656 $100,768 Down ×1
XLF SELECT SECTOR SPDR TRUST $2,015,723 0.54% 37,600 $312,073 Up ×6
VV Vanguard Morningstar Large-Cap ETF $1,848,860 0.50% 5,376 $242,242
SCHD SCHWAB STRATEGIC TRUST $1,805,312 0.49% 56,932 $549,901 Up ×6
CRM Salesforce, Inc. Common Stock $1,780,310 0.48% 11,350 $-338,395
IWP iShares Russell Midcap Growth ETF $1,705,315 0.46% 11,648 $213,582 Up ×6
VOT Vanguard Morningstar Mid-Cap Growth ETF $1,537,626 0.42% 5,020 $245,729
GS Goldman Sachs Group, Inc. (The) Common Stock $1,532,226 0.41% 1,515 $233,631 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $1,506,123 0.41% 16,323 $-84,301 Down ×1
JNJ Johnson & Johnson Common Stock $1,404,454 0.38% 5,530 $52,701
MDB MongoDB, Inc. - Class A Common Stock $1,366,441 0.37% 4,068 $293,125 Down ×1
KO Coca-Cola Company (The) Common Stock $1,349,976 0.36% 16,611 $86,709
VYM Vanguard High Dividend Yield ETF $1,344,045 0.36% 8,505 $130,662 Up ×2
IWM iShares Russell 2000 Index Fund $1,336,459 0.36% 4,448 $207,743 Down ×1
TPG TPG Inc. - Class A Common Stock $1,300,682 0.35% 32,076 $248,313 Up ×1
EFA iShares Trust $1,247,523 0.34% 12,009 $81,062
VEA Vanguard FTSE Developed Markets ETF $1,242,244 0.34% 17,435 $168,968 Up ×2
KWEB Krane Shares Trust $1,199,519 0.32% 49,020 $-194,120
JPM JP Morgan Chase & Co. Common Stock $1,106,437 0.30% 3,380 $137,852 Up ×2
PH Parker-Hannifin Corporation Common Stock $1,012,354 0.27% 1,035 $85,781
SCHB SCHWAB STRATEGIC TRUST $1,002,585 0.27% 34,620 $168,809 Up ×5
IGV iShares Expanded Tech-Software Sector ETF $936,963 0.25% 10,342 $167,626 Up ×1
EMLP First Trust Exchange-Traded Fund IV $898,841 0.24% 20,663 $36,425 Up ×2
ECL Ecolab Inc. Common Stock $814,934 0.22% 2,925 $36,825
VTV Vanguard Morningstar Value ETF $792,599 0.21% 3,637 $115,132 Up ×2
XOM Exxon Mobil Corporation Common Stock $784,089 0.21% 5,735 $-188,911
ACWX iShares MSCI ACWI ex U.S. ETF $757,979 0.20% 9,959 $76,086
SPHQ Invesco S&P 500 Quality ETF $755,939 0.20% 8,390 $39,529 Down ×2
AEP American Electric Power Company, Inc. - Common Stock $752,045 0.20% 5,497 $11,181 Down ×1
IJS iShares S&P SmallCap 600 Value ETF $751,193 0.20% 5,496 $100,192
GLD SPDR Gold Shares $729,024 0.20% 1,979 $-122,520
OKE ONEOK, Inc. Common Stock $685,087 0.18% 7,880 $-27,186
BN Brookfield Corporation Class A Limited Voting Shares $670,793 0.18% 15,750 $33,390
VWO Vanguard FTSE Emerging Markets ETF $651,754 0.18% 10,919 $72,360 Up ×3
GDX VanEck Gold Miners ETF $642,985 0.17% 8,522 $-139,079
IWC iShares Microcap ETF $624,725 0.17% 3,123 $126,263
PPG PPG Industries, Inc. Common Stock $605,237 0.16% 4,990 $66,882 Down ×3
GEV GE Vernova Inc. Common Stock $594,479 0.16% 506 $152,792
QCOM QUALCOMM Incorporated - Common Stock $594,285 0.16% 3,216 $173,303 Down ×1
BRW Saba Capital Income & Opportunities Fund SBI $584,250 0.16% 88,927 $-15,118
ILMN Illumina, Inc. - Common Stock $572,502 0.15% 3,256 $131,478 Down ×1
IWS iShares Russell Mid-Cap Value ETF $564,084 0.15% 3,427 $23,097 Down ×1
ARKG ARK ETF Trust $548,715 0.15% 13,046 $204,040
EPD Enterprise Products Partners L.P. Common Stock $527,432 0.14% 14,348 $-15,496
TRS TriMas Corporation - Common Stock $517,845 0.14% 11,500 $104,535
IXUS iShares Core MSCI Total International Stock ETF $473,573 0.13% 4,962 $43,665
CAT Caterpillar, Inc. Common Stock $463,232 0.13% 435 $84,206 Down ×1
AVGO Broadcom Inc. - Common Stock $431,391 0.12% 1,142 Up ×1
OPP RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Common Stock $425,441 0.11% 55,109 $2,755
IWN iShares Russell 2000 Value ETF $419,838 0.11% 1,898 $59,996
TYG Tortoise Energy Infrastructure Corporation Common Stock $418,840 0.11% 9,770 $-68,195
DXJ WisdomTree Trust $407,772 0.11% 2,350 $35,109
WULF TeraWulf Inc. - Common Stock $402,116 0.11% 16,280 $167,196
SPOT Spotify Technology S.A. Ordinary Shares $394,852 0.11% 860 $-44,476 Down ×1
NFLX Netflix, Inc. - Common Stock $386,274 0.10% 5,410 $-184,761 Down ×2
VT Vanguard Total World Stock Index ETF $378,975 0.10% 2,415 $27,720 Down ×1
SCHM SCHWAB STRATEGIC TRUST $375,494 0.10% 10,184 $60,454 Up ×2
RSP Invesco Exchange-Traded Fund Trust $358,724 0.10% 1,686 $35,796 Up ×1
DBEF DBX ETF Trust $345,863 0.09% 6,331 $33,112
WMB Williams Companies, Inc. (The) Common Stock $345,309 0.09% 4,645 $7,246
SLRC SLR Investment Corp. - Closed End Fund $340,422 0.09% 27,520 $-53,389

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IVV $54,269,275 14.65% up ×6
MFIC $19,148,639 5.17% up ×5
OBDC $18,473,368 4.99% up ×3
IEFA $17,003,926 4.59% up ×6
IEMG $13,538,523 3.65% up ×6
TCPC $10,517,758 2.84% up ×5
IVW $9,679,776 2.61% up ×6
IJH $7,847,527 2.12% up ×6
IJR $7,784,922 2.10% up ×6
IWB $4,895,256 1.32% up ×3
FNDX $4,483,164 1.21% up ×6
VIG $3,460,238 0.93% up ×4
BX $2,964,946 0.80% up ×6
APO $2,906,758 0.78% up ×3
XLK $2,038,644 0.55% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AVGO $431,391 1,142 0.12%
FDX $325,655 1,040 0.09%
XME $318,117 2,975 0.09%
Unknown issuer (CUSIP: 09261H305) $301,543 12,596 0.08%
ERAS $280,296 15,300 0.08%
Unknown issuer (CUSIP: 438516205) $273,158 1,220 0.07%
Unknown issuer (CUSIP: 43849R105) $269,718 1,220 0.07%
ITOT $268,868 1,637 0.07%
SMH $264,324 403 0.07%
WY $239,400 10,000 0.06%
DAL $234,150 2,500 0.06%
PANW $225,073 660 0.06%
VB $223,567 738 0.06%
UNH $215,712 519 0.06%
AEVA $211,236 7,355 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +2K +$8.2M
QQQ Trimmed -61 +$3.2M
IEMG Bought more +12K +$3.0M
OBDC Bought more +270K +$2.7M
IEFA Bought more +16K +$2.5M
IVW Bought more +3K +$2.0M
MFIC Bought more +28K -$1.9M
AMZN Trimmed -12K -$1.6M
IJH Bought more +10K +$1.6M
IJR Bought more +3K +$1.6M

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
WMT Dec. 31, 2025 20,600 $2,123,010 -3.8%
BRK-A (filed as BRKA) March 31, 2026 2 $1,509,600 No longer tracked
TFX March 31, 2026 10,423 $1,271,968 4.3%
PM Dec. 31, 2025 7,588 $1,230,774 18.7%
MCD Dec. 31, 2025 4,007 $1,217,687 -23.9%
JPST June 30, 2026 21,598 $1,093,056
SHYG June 30, 2025 24,600 $1,045,992
HD Dec. 31, 2025 1,993 $807,544 -16.7%
CSGS March 31, 2026 9,000 $690,210 No longer tracked
BIZD March 31, 2026 46,000 $652,280
HON June 30, 2026 2,602 $588,130 -4.9%
RYAM June 30, 2026 51,422 $569,242 -13.6%
ALAB June 30, 2026 5,182 $567,947 -19.3%
EWG Sept. 30, 2025 11,475 $485,507
MRK Sept. 30, 2025 5,814 $460,988 69.1%
PFE Sept. 30, 2025 17,903 $433,965 7.9%
NOC Sept. 30, 2025 811 $405,484 -20.7%
UNH Sept. 30, 2025 1,246 $388,715 9.0%
DFEN Dec. 31, 2025 5,000 $343,750
MO Dec. 31, 2025 5,076 $335,321 18.9%
CMCSA March 31, 2026 10,928 $326,638 -24.9%
SLV March 31, 2026 4,585 $295,366 -18.6%
PG Dec. 31, 2025 1,852 $284,560 3.6%
PLTR March 31, 2026 1,578 $280,490 31.3%
LII March 31, 2026 563 $273,382 -21.2%
GLW June 30, 2026 2,000 $271,940 -33.8%
BNDX March 31, 2026 5,519 $266,678
OWL June 30, 2026 29,006 $264,825 3.7%
CRM Sept. 30, 2025 943 $257,147 -5.1%
PEP Sept. 30, 2025 1,738 $229,486 -10.5%
MDLZ Dec. 31, 2025 3,656 $228,390 10.8%
SCHM Sept. 30, 2025 8,100 $227,200 16.5%
CBZ March 31, 2026 4,500 $227,025 103.9%
BDX March 31, 2026 1,164 $225,897 14.7%
ABT Sept. 30, 2025 1,634 $222,240 -26.7%
HD June 30, 2026 675 $222,001 -18.7%
INDA March 31, 2026 4,000 $216,200
MGM June 30, 2026 5,780 $213,919 -36.1%
V March 31, 2026 603 $211,631 22.6%
AMRZ June 30, 2026 3,750 $210,075 -30.1%
WEC Dec. 31, 2025 1,806 $206,950 -2.2%
MA June 30, 2026 411 $205,471 10.3%
DIVB March 31, 2026 3,854 $204,862
ABBV March 31, 2026 889 $203,229 22.6%
CVX June 30, 2025 1,213 $202,962 45.0%
PARA June 30, 2025 15,550 $185,978
ET June 30, 2025 8,708 $161,882 No longer tracked
CRML Dec. 31, 2025 19,982 $124,288 6.1%
SONY June 30, 2025 3,685 $93,562 -8.4%
EDF June 30, 2026 10,000 $47,800 -13.3%
ETWO Sept. 30, 2025 14,587 $47,116 No longer tracked
BYND Dec. 31, 2025 10,043 $18,981 874.4%
DCGO March 31, 2026 15,000 $13,167 -42.4%