Sector breakdown

04
Technology 7.5%
Communication Services 2.3%
Financials 2.0%
Healthcare 1.9%
Industrials 1.2%
Retail 0.9%
Consumer Staples 0.5%
Utilities 0.5%
Consumer Discretionary 0.4%
Energy 0.4%
Consumer products 0.1%
Real Estate 0.1%
Materials 0.0%
Other/Unmapped 82.3%

Full portfolio 389 positions

05
Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $82,857,566 7.47% 112,507 $53,486,385 Up ×1
IVV iShares Trust $75,273,316 6.79% 100,513 $-22,062,506 Down ×3
XLK SELECT SECTOR SPDR TRUST $46,935,519 4.23% 246,355 $32,091,414 Up ×1
XLE SELECT SECTOR SPDR TRUST $39,815,330 3.59% 749,677 $38,624,503 Up ×4
SPMO Invesco S&P 500 Momentum ETF $34,409,825 3.10% 213,011 $33,560,550 Up ×2
CGDV Capital Group Dividend Value ETF $32,944,257 2.97% 668,224 $6,699,532 Up ×6
AAPL Apple Inc. - Common Stock $26,973,627 2.43% 93,218 $3,359,803 Up ×1
NVDA NVIDIA Corporation - Common Stock $20,392,181 1.84% 101,915 $3,148,061 Up ×1
VIG Vanguard Div Appreciation ETF $18,962,932 1.71% 80,141 $1,826,347 Up ×3
VMBS Vanguard Mortgage-Backed Securities ETF $17,103,249 1.54% 365,376 $2,479,128 Up ×3
WTV WisdomTree Trust $16,811,637 1.52% 165,274 $-2,541,000 Down ×2
CGDG Capital Group Dividend Growers ETF $16,430,458 1.48% 437,428 $1,198,476 Up ×4
VUG Vanguard Morningstar Growth ETF $16,198,728 1.46% 188,051 $-7,900,785 Up ×4
TMB Thornburg Multi Sector Bond ETF $15,893,761 1.43% 626,973 Up ×1
PULS PGIM ETF Trust $15,137,896 1.36% 305,389 $4,274,432 Up ×4
ICVT iShares Convertible Bond ETF $13,712,754 1.24% 112,640 $1,672,562 Down ×1
IJK iShares Trust $12,405,666 1.12% 105,580 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $12,143,755 1.09% 228,395 $9,603,085 Up ×1
TCAF T. Rowe Price Capital Appreciation Equity ETF $11,979,153 1.08% 291,464 $951,342 Down ×1
VTI Vanguard Morningstar Total Stock Market ETF $11,959,419 1.08% 32,319 $1,610,798 Up ×1
SPHY State Street SPDR Portfolio High Yield Bond ETF $11,615,766 1.05% 495,553 $10,498,198 Up ×1
CGMS Capital Group Fixed Income ETF Trust $11,548,315 1.04% 422,551 $-132,939 Down ×1
CSM ProShares Trust $9,793,590 0.88% 114,928 $1,184,753 Down ×3
FFLC FIDELITY COVINGTON TRUST $9,639,480 0.87% 163,631 $2,495,035 Up ×1
QDPL Pacer Funds Trust $9,482,215 0.86% 210,389 $2,308,146 Up ×1
FLXR TCW Flexible Income ETF $9,099,751 0.82% 232,077 $-6,176,152 Down ×1
JQUA JPMorgan U.S. Quality Factor ETF $8,847,480 0.80% 122,406 $1,284,092 Down ×1
COWZ Pacer Funds Trust $8,557,223 0.77% 137,576 $-660,778 Down ×6
PEN Penumbra, Inc. Common Stock $8,439,998 0.76% 26,730 $-337,332
MOAT VanEck ETF Trust $8,261,701 0.74% 79,470 $457,049 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $8,022,539 0.72% 22,706 $1,266,070 Down ×1
OEF iShares Trust $7,693,642 0.69% 21,028 $116,025 Down ×3
MSFT Microsoft Corporation - Common Stock $7,136,549 0.64% 19,132 $115,967 Up ×2
AGG iShares Trust $7,030,036 0.63% 71,025 $-6,643,385 Down ×4
AMZN Amazon.com, Inc. - Common Stock $6,810,640 0.61% 28,575 $778,034 Down ×1
SHV iShares 0-1 Year Treasury Bond ETF $6,606,391 0.60% 59,868 $-1,940,363 Down ×4
FFEB First Trust Exchange-Traded Fund VIII $6,440,891 0.58% 105,623 $429,354 Down ×3
VYM Vanguard High Dividend Yield ETF $6,260,342 0.56% 39,615 $94,073 Down ×1
SPHQ Invesco S&P 500 Quality ETF $6,235,997 0.56% 69,212 $1,252,129 Up ×6
SPY SPY $6,166,085 0.56% 8,257 $682,114 Down ×3
EWT iShares MSCI Taiwan ETF $6,162,531 0.56% 56,740 Up ×1
FJUL First Trust Exchange-Traded Fund VIII $6,131,251 0.55% 102,977 $149,917 Down ×3
DGT SPDR SERIES TRUST $6,098,712 0.55% 33,003 $-1,980,984 Down ×1
QQQM Invesco NASDAQ 100 ETF $6,065,841 0.55% 20,021 $1,321,327 Up ×1
EWC iShares MSCI Canada Index Fund $6,044,380 0.55% 104,864 $4,145,961 Up ×2
ACWI iShares MSCI ACWI ETF $5,946,343 0.54% 37,882 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $5,810,180 0.52% 16,258 $1,065,343 Down ×2
EWY iShares MSCI South Korea ETF $5,657,065 0.51% 28,019 Up ×1
SCHD SCHWAB STRATEGIC TRUST $5,580,002 0.50% 175,970 $218,505 Up ×1
XMHQ Invesco Exchange-Traded Fund Trust $5,520,970 0.50% 48,910 $652,110 Up ×2
IWY iShares Russell Top 200 Growth ETF $5,067,535 0.46% 17,437 $1,669,510 Up ×1
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $4,983,345 0.45% 175,532 $113,124 Up ×1
QMAR First Trust Exchange-Traded Fund VIII $4,963,463 0.45% 133,301 $214,907 Down ×3
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $4,951,626 0.45% 80,567 $578,096 Up ×6
FBND Fidelity Merrimack Street Trust $4,941,455 0.45% 108,547 $-542,097 Down ×2
VHT Vanguard Health Care ETF $4,841,628 0.44% 16,192 $381,580 Down ×2
JPM JP Morgan Chase & Co. Common Stock $4,755,670 0.43% 14,529 $483,856 Up ×1
CGBL Capital Group Core Balanced ETF $4,719,790 0.43% 124,253 $501,855 Up ×4
ALAI Alger ETF Trust $4,615,298 0.42% 101,124 $1,341,278 Up ×6
AVGO Broadcom Inc. - Common Stock $4,441,355 0.40% 11,757 $763,308 Down ×2
GLD SPDR Gold Shares $4,387,774 0.40% 11,911 $-2,085,939 Down ×3
JEPI JPMorgan Equity Premium Income ETF $4,384,353 0.40% 77,627 $-179,305 Down ×1
AVUV AMERICAN CENTURY ETF TRUST $4,277,217 0.39% 34,284 $619,750 Up ×1
MU Micron Technology, Inc. - Common Stock $4,223,619 0.38% 3,659 $2,964,868 Down ×1
BUFR First Trust Exchange-Traded Fund VIII $4,196,859 0.38% 114,888 $158,068 Down ×1
AOM iShares Trust $3,963,001 0.36% 79,435 $280,960 Up ×1
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $3,510,269 0.32% 104,909 $-2,313,576 Down ×3
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $3,405,145 0.31% 28,617 $464,429 Down ×3
VOO Vanguard S&P 500 ETF $3,358,116 0.30% 4,889 $420,486 Down ×1
FPX First Trust US Equity Opportunities ETF $3,341,775 0.30% 16,208 $756,250 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $3,295,776 0.30% 5,851 $-162,643 Down ×1
KAPR Innovator U.S. Small Cap Power Buffer ETF - April $3,176,637 0.29% 79,815 $112,062 Down ×3
JHMM John Hancock Multifactor Mid Cap ETF $3,144,810 0.28% 41,953 $170,043 Down ×3
RDIV Invesco Exchange-Traded Fund Trust II $3,116,558 0.28% 53,734 $152,245 Up ×2
BINC iShares Flexible Income Active ETF $2,997,803 0.27% 57,276 $-329,210 Down ×1
BILS SPDR SERIES TRUST $2,978,280 0.27% 29,969 $-42,718 Down ×5
XLF SELECT SECTOR SPDR TRUST $2,977,591 0.27% 55,542 $93,975 Down ×3
FPAG FPA Global Equity ETF $2,910,933 0.26% 72,512 $271,113 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $2,883,761 0.26% 9,681 $2,025,343 Up ×3
TSLA Tesla, Inc. - Common Stock $2,867,230 0.26% 6,817 $221,113 Down ×1
VB Vanguard Morningstar Small-Cap ETF $2,778,293 0.25% 9,166 $429,788 Up ×1
ENDW Cambria Endowment Style ETF $2,735,494 0.25% 81,799 $2,079,844 Up ×1
CNEQ Alger ETF Trust $2,704,731 0.24% 65,537 $1,136,829 Up ×2
MUNI PIMCO ETF Trust $2,623,838 0.24% 49,883 $-70,174 Down ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $2,615,041 0.24% 22,414 $-553,238 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $2,607,451 0.24% 20,290 $167,412 Up ×2
IWN iShares Russell 2000 Value ETF $2,596,734 0.23% 11,739 Up ×1
V Visa Inc. $2,536,130 0.23% 7,392 $403,228 Up ×2
CAIQ Calamos Nasdaq Autocallable Income ETF $2,481,522 0.22% 92,422 Up ×1
VGIT Vanguard Intermediate-Term Treasury ETF $2,456,946 0.22% 41,657 $-2,010,811 Down ×2
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $2,294,762 0.21% 3,007 $1,123,142 Up ×3
VWOB Vanguard Emerging Markets Government Bond ETF $2,294,703 0.21% 34,127 $-9,474,895 Down ×1
LLY Eli Lilly and Company Common Stock $2,278,506 0.21% 1,900 $890,624 Up ×6
IBM International Business Machines Corporation Common Stock $2,262,754 0.20% 8,046 $315,055 Up ×3
IOO iShares Trust $2,260,493 0.20% 16,548 $267,681 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,206,720 0.20% 4,410 $245,834 Up ×2
VFMF Vanguard U.S. Multifactor ETF $2,205,296 0.20% 12,461 $290,829 Up ×2
HDV iShares Trust $2,199,395 0.20% 80,241 $10,153 Up ×1
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $2,133,716 0.19% 80,457 $-311,082 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $2,119,095 0.19% 4,973 $521,741 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
XLE $39,815,330 3.59% up ×4
CGDV $32,944,257 2.97% up ×6
VIG $18,962,932 1.71% up ×3
VMBS $17,103,249 1.54% up ×3
CGDG $16,430,458 1.48% up ×4
VUG $16,198,728 1.46% up ×4
PULS $15,137,896 1.36% up ×4
SPHQ $6,235,997 0.56% up ×6
JEPQ $4,951,626 0.45% up ×6
CGBL $4,719,790 0.43% up ×4
ALAI $4,615,298 0.42% up ×6
MRVL $2,883,761 0.26% up ×3
CRWD $2,294,762 0.21% up ×3
LLY $2,278,506 0.21% up ×6
IBM $2,262,754 0.20% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TMB $15,893,761 626,973 1.43%
IJK $12,405,666 105,580 1.12%
EWT $6,162,531 56,740 0.56%
ACWI $5,946,343 37,882 0.54%
EWY $5,657,065 28,019 0.51%
IWN $2,596,734 11,739 0.23%
CAIQ $2,481,522 92,422 0.22%
Unknown issuer (CUSIP: 84615Q103) $498,740 2,919 0.04%
SOXL $432,835 1,623 0.04%
ARTY $431,302 5,663 0.04%
SMH $395,510 603 0.04%
ROBT $362,596 6,445 0.03%
AMAT $352,122 487 0.03%
KLAC $350,617 1,162 0.03%
Unknown issuer (CUSIP: 12811T522) $328,114 11,841 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Bought more +62K +$53.5M
XLK Bought more +135K +$32.1M
IVV Trimmed -48K -$22.1M
IGIB Bought more +181K +$9.6M
VUG Bought more +133K -$7.9M
CGDV Bought more +52K +$6.7M
AGG Trimmed -67K -$6.6M
FLXR Trimmed -157K -$6.2M
PULS Bought more +86K +$4.3M
EWC Bought more +70K +$4.1M

7 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
JPIB June 30, 2026 212,625 $10,167,727
IGLB June 30, 2026 195,963 $9,725,659
NOCT June 30, 2025 82,689 $4,110,818
KJUL June 30, 2025 98,915 $2,766,217
EWI June 30, 2026 34,095 $1,821,355 -3.0%
EWJ June 30, 2026 21,267 $1,795,796 6.5%
EWJ Dec. 31, 2025 18,655 $1,496,318 23.0%
EWG March 31, 2026 33,596 $1,427,830
EWQ Dec. 31, 2025 31,907 $1,401,675
LQD Sept. 30, 2025 11,448 $1,254,835
EWC Sept. 30, 2025 26,087 $1,205,234
PAYX Dec. 31, 2025 8,732 $1,106,826 -11.1%
OBND March 31, 2026 40,919 $1,065,459
RWJ Sept. 30, 2025 23,633 $1,023,065 18.9%
EWG June 30, 2025 22,593 $837,755
NULG Sept. 30, 2025 7,315 $687,283
XHYE June 30, 2025 14,538 $561,022
ACYN June 30, 2026 26,750 $545,165
IWD Dec. 31, 2025 2,586 $526,484
FEZ June 30, 2026 8,110 $503,469
SMA March 31, 2026 14,983 $463,739 7.2%
SHY Dec. 31, 2025 5,268 $437,033
IWF Dec. 31, 2025 900 $421,569 8.5%
KNG Dec. 31, 2025 8,206 $404,645
GOGL Sept. 30, 2025 54,613 $399,764 No longer tracked
ROE Sept. 30, 2025 12,127 $390,611
XOVR June 30, 2026 22,618 $382,018
CMDT June 30, 2026 11,699 $377,528
EEMV June 30, 2026 5,654 $365,983
AHR Dec. 31, 2025 8,697 $365,361 7.2%
FLHY March 31, 2026 14,850 $362,563
ADBE March 31, 2026 973 $340,540 -1.8%
VCLT Sept. 30, 2025 4,408 $334,567
GCOW Dec. 31, 2025 8,232 $326,152
HON June 30, 2026 1,364 $308,333 -4.4%
UCON Sept. 30, 2025 12,186 $303,311
JGRO June 30, 2026 3,579 $302,522
XDEC June 30, 2026 7,306 $294,517
TOTL Dec. 31, 2025 7,227 $293,199
DGRW March 31, 2026 3,178 $284,209
MMM June 30, 2025 1,873 $275,096 7.2%
TLTW Dec. 31, 2025 11,700 $273,546
TPYP (filed as TPYPXXXX) June 30, 2025 7,506 $272,988 14.6%
GABC Dec. 31, 2025 6,781 $266,290 25.8%
CURE June 30, 2025 2,443 $260,494
NOW June 30, 2026 2,487 $260,016 37.1%
GBTC March 31, 2026 3,729 $254,914 27.0%
SPIB June 30, 2025 7,647 $254,181
ITW Dec. 31, 2025 934 $243,550 7.3%
SLYG Dec. 31, 2025 2,575 $242,859 15.3%
UAL March 31, 2026 2,138 $239,071 19.5%
BKLN Sept. 30, 2025 11,413 $238,755
TPYP Sept. 30, 2025 6,621 $236,564 12.4%
IXUS June 30, 2025 3,386 $236,372
MSIF March 31, 2026 17,987 $236,349 -4.0%
SHEL June 30, 2026 2,508 $233,251 24.5%
VNQ March 31, 2026 2,629 $232,646
D June 30, 2026 3,714 $229,588 -10.6%
GOVT Dec. 31, 2025 9,839 $227,478
INTU June 30, 2026 512 $221,482 9.1%
SMR Dec. 31, 2025 6,115 $220,140 -45.8%
EJUL June 30, 2025 8,601 $217,294
CMCSA Sept. 30, 2025 6,050 $215,910 -31.3%
XLP June 30, 2025 2,628 $214,593 No longer tracked
ISCF Dec. 31, 2025 5,194 $213,585
XLV Sept. 30, 2025 1,570 $211,645 19.4%
IXUS March 31, 2026 2,500 $211,636
IUSV Dec. 31, 2025 2,110 $210,895
FTSM Dec. 31, 2025 3,517 $210,703
SIL June 30, 2026 2,306 $207,731 10.2%
PNI June 30, 2025 29,327 $207,635 -8.8%
OWL March 31, 2026 13,879 $207,349 -1.8%
VFH Dec. 31, 2025 1,570 $206,019
SLV June 30, 2026 3,020 $205,783 3.4%
RODM June 30, 2026 5,212 $205,473
FXH June 30, 2025 1,977 $204,844
XLV March 31, 2026 1,320 $204,311 13.4%
FXH March 31, 2026 1,772 $201,744
UNH March 31, 2026 611 $201,685 39.9%
GSK June 30, 2026 3,629 $200,429 -11.2%
SBUX Dec. 31, 2025 2,353 $199,068 12.1%
SMFG March 31, 2026 10,000 $193,300 29.8%
QYLD Dec. 31, 2025 11,075 $188,387
MUFG March 31, 2026 10,000 $158,600 35.4%
FLG June 30, 2025 10,484 $121,829 9.2%
AGD June 30, 2026 10,449 $112,851 -7.2%
SG Dec. 31, 2025 12,798 $102,128 34.5%
SFL Sept. 30, 2025 11,855 $98,756 79.3%
NOK June 30, 2026 12,080 $97,123 -23.2%
TV March 31, 2026 16,250 $47,288 -21.3%
WATT (filed as WATTXXXX) Sept. 30, 2025 13,011 $3,551 65.9%