Sector breakdown

04
Technology 15.0%
Communication Services 6.8%
Consumer Discretionary 5.3%
Financials 5.2%
Healthcare 5.1%
Retail 4.2%
Industrials 4.2%
Energy 2.1%
Real Estate 1.1%
Materials 1.0%
Consumer Staples 0.6%
Consumer products 0.1%
Utilities 0.1%
Other/Unmapped 49.4%

Full portfolio 203 positions

05
Type Streak 8Q trend
VEU Vanguard FTSE All World Ex US ETF $153,845,639 8.55% 1,836,963 $15,544,246 Down ×5
VWO Vanguard FTSE Emerging Markets ETF $70,840,370 3.94% 1,186,805 $6,374,096 Down ×1
AAPL Apple Inc. - Common Stock $69,262,038 3.85% 239,363 $-2,590,488 Down ×5
MSFT Microsoft Corporation - Common Stock $52,615,527 2.92% 141,053 $-5,102,994 Down ×1
EWJ iShares MSCI Japan Index Fund $49,464,896 2.75% 530,341 $4,880,464 Up ×2
VNQ Vanguard Real Estate ETF $44,775,595 2.49% 464,333 $1,714,310 Down ×1
VGK Vanguard FTSEEuropean ETF $43,666,019 2.43% 493,178 $3,346,324 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $41,027,275 2.28% 116,116 $6,701,901 Down ×6
AMZN Amazon.com, Inc. - Common Stock $38,048,598 2.11% 159,640 $769,518 Down ×1
NVDA NVIDIA Corporation - Common Stock $35,670,244 1.98% 178,271 $3,098,254 Down ×6
RWX SPDR INDEX SHARES FUNDS $31,765,858 1.76% 1,176,078 $1,051,262 Up ×2
DJP iPath Bloomberg Commodity Index Total Return ETN $31,052,210 1.73% 710,414 $-3,406,659 Down ×3
JPM JP Morgan Chase & Co. Common Stock $30,614,232 1.70% 93,527 $-1,954,767 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $30,085,910 1.67% 51,791 $8,240,173 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $29,383,922 1.63% 82,223 $2,300,770 Down ×1
SRLN State Street Blackstone Senior Loan ETF $29,155,052 1.62% 723,630 $-1,663,728 Down ×3
DAX Global X DAX Germany ETF $27,728,687 1.54% 627,800 $1,648,157 Up ×2
EWN iShares MSCI Netherlands Index Fund $27,612,103 1.53% 392,552 $4,980,462 Down ×1
XBI SPDR SERIES TRUST $26,748,510 1.49% 169,027 $4,927,302 Down ×3
ILF iShares Latin America 40 ETF $21,869,608 1.21% 647,988 $-1,251,420 Down ×3
ICSH iShares Ultra Short Duration Bond Active ETF $21,822,550 1.21% 431,446 $-8,788,675 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $20,928,090 1.16% 41,743 $-682,316 Down ×1
MNA New York Life Investments ETF Trust $20,853,593 1.16% 571,652 $704,630 Up ×6
TLT iShares 20+ Year Treasury Bond ETF $19,478,321 1.08% 225,391 $260,241 Up ×6
PANW Palo Alto Networks, Inc. - Common Stock $19,429,608 1.08% 56,975 $-3,131,421 Down ×1
SGOV iShares Trust $19,309,639 1.07% 191,811 $-24,434,511 Down ×1
SPY SPY $18,978,413 1.05% 25,414 $2,226,955 Down ×1
ICVT iShares Convertible Bond ETF $18,296,394 1.02% 150,291 $3,061,316 Up ×1
GXC State Street SPDR S&P China ETF $17,147,195 0.95% 198,188 $-1,045,101 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $16,503,851 0.92% 29,299 $76,283 Up ×2
XYZ Block, Inc. Class A Common Stock, $16,333,540 0.91% 214,915 $1,900,631 Down ×1
Unknown issuer (CUSIP: G2004J103) $15,621,650 0.87% 546,785 Up ×1
TTWO Take-Two Interactive Software, Inc. - Common Stock $14,955,303 0.83% 59,826 $3,189,833 Up ×2
MELI MercadoLibre, Inc. - Common Stock $14,940,427 0.83% 8,802 $-2,256,406 Down ×2
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund $14,897,347 0.83% 556,910 $922,985 Up ×6
ASML ASML Holding N.V. - New York Registry Shares $14,604,943 0.81% 7,341 $4,826,578 Down ×3
DHR Danaher Corporation Common Stock $14,345,182 0.80% 75,311 $-4,438,385 Down ×1
INCO Columbia ETF Trust II $13,749,794 0.76% 230,518 $-708,926 Down ×1
BWA BorgWarner Inc. Common Stock $13,368,416 0.74% 201,332 $-5,547,512 Down ×4
APD Air Products and Chemicals, Inc. Common Stock $13,302,558 0.74% 45,373 $8,652 Down ×1
RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares $13,196,713 0.73% 203,810 $1,559,363 Up ×1
PRF Invesco Exchange-Traded Fund Trust $12,718,788 0.71% 235,402 $1,480,589 Down ×6
NXPI NXP Semiconductors N.V. - Common Stock $12,697,319 0.71% 45,181 $1,276,666 Down ×1
AMJB Alerian MLP Index ETN $12,579,214 0.70% 364,721 $-140,880 Down ×6
V Visa Inc. $12,430,441 0.69% 36,231 $-1,538,132 Down ×1
CVS CVS Health Corporation Common Stock $12,347,369 0.69% 119,356 $3,406,369 Down ×1
ZGN Ermenegildo Zegna N.V. Ordinary Shares $12,194,184 0.68% 936,573 $2,373,769 Down ×1
DIS Walt Disney Company (The) Common Stock $11,932,144 0.66% 123,970 $-106,617 Down ×1
KMI Kinder Morgan, Inc. Common Stock $11,656,564 0.65% 364,609 $-537,687 Up ×1
PSX Phillips 66 Common Stock $11,114,613 0.62% 65,747 $-955,231 Down ×2
CZR Caesars Entertainment, Inc. - Common Stock $10,899,869 0.61% 361,162 $1,209,574 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $10,840,911 0.60% 26,083 $3,803,613 Up ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $10,804,368 0.60% 112,569 $-3,735,939 Down ×1
CRM Salesforce, Inc. Common Stock $10,677,444 0.59% 68,157 $-3,466,637 Down ×1
MRSH Marsh Common Stock $10,617,834 0.59% 63,706 $-3,411,080 Down ×1
ACWX iShares MSCI ACWI ex U.S. ETF $10,371,510 0.58% 136,270 $1,041,103
VCSH Vanguard Short-Term Corporate Bond ETF $10,099,323 0.56% 127,791 $-2,391,727 Down ×1
TREX Trex Company, Inc. Common Stock $9,969,769 0.55% 199,236 $2,389,456 Down ×1
ABT Abbott Laboratories Common Stock $9,956,205 0.55% 109,722 $-1,594,156 Down ×1
BKNG Booking Holdings Inc. - Common Stock $9,811,014 0.55% 55,044 $1,187,958 Up ×1
URI United Rentals, Inc. Common Stock $9,588,914 0.53% 8,464 $3,200,900 Down ×1
POOL Pool Corporation - Common Stock $9,310,070 0.52% 43,323 $-815,493 Down ×1
VUG Vanguard Morningstar Growth ETF $9,180,973 0.51% 106,582 $1,407,421 Up ×1
LOW Lowe's Companies, Inc. Common Stock $9,143,428 0.51% 41,469 $-256,816 Up ×2
IAU iShares Gold Trust Shares $9,060,294 0.50% 119,988 $-1,575,064 Down ×6
MGM MGM Resorts International Common Stock $9,040,968 0.50% 189,102 $-3,692,566 Down ×1
SLB SLB Limited Common Shares $9,035,746 0.50% 194,359 $-3,424,755 Down ×1
WSC WillScot Holdings Corporation - Class A Common Stock $8,690,017 0.48% 301,109 $3,480,317 Up ×1
PEP PepsiCo, Inc. - Common Stock $8,585,916 0.48% 63,411 $-1,049,541 Up ×1
ICLR ICON plc - Ordinary Shares $8,454,639 0.47% 48,671 $2,947,755 Down ×3
PLNT Planet Fitness, Inc. Common Stock $8,451,383 0.47% 161,997 $-2,869,030 Up ×2
ESTC Elastic N.V. Ordinary Shares $8,184,879 0.45% 143,544 $1,029,110 Up ×2
CBRE CBRE Group Inc Common Stock Class A $8,120,191 0.45% 60,288 $143,764 Up ×2
VIG Vanguard Div Appreciation ETF $7,935,288 0.44% 33,536 $529,296 Down ×6
LVS Las Vegas Sands Corp. Common Stock $7,918,152 0.44% 171,426 $-1,261,399 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $7,332,713 0.41% 88,720 $26,606 Up ×2
NKE Nike, Inc. Common Stock $7,227,616 0.40% 176,069 $-1,684,020 Up ×1
NOW ServiceNow, Inc. Common Stock $7,109,540 0.39% 71,611 $-1,996,870 Down ×1
IWF iShares Russell 1000 Growth Fund $7,057,823 0.39% 56,840 $998,679 Up ×3
AAAU Goldman Sachs Physical Gold ETF Shares $7,042,985 0.39% 177,988 $-917,400 Up ×1
VTV Vanguard Morningstar Value ETF $7,036,960 0.39% 32,290 $701,662
CAT Caterpillar, Inc. Common Stock $6,357,453 0.35% 5,970 $2,003,966 Down ×3
BUSE First Busey Corporation - Common Stock $6,201,313 0.34% 210,214 $889,205
TCOM Trip.com Group Limited - American Depositary Shares $5,941,076 0.33% 149,123 $-3,006,161 Down ×1
SUI Sun Communities, Inc. Common Stock $5,821,712 0.32% 48,551 $-173,945 Up ×2
PWR Quanta Services, Inc. Common Stock $5,298,054 0.29% 7,358 $1,258,365
PLD Prologis, Inc. Common Stock $5,195,996 0.29% 38,355 $115,281 Down ×1
NFLX Netflix, Inc. - Common Stock $5,156,080 0.29% 72,214 $-2,151,993 Down ×1
PDP Invesco Dorsey Wright Momentum ETF $5,151,787 0.29% 33,954 $1,052,074
MGRC McGrath RentCorp - Common Stock $4,382,496 0.24% 36,210 Up ×1
FIS Fidelity National Information Services, Inc. Common Stock $4,291,739 0.24% 110,384 $-810,742 Up ×2
LLY Eli Lilly and Company Common Stock $4,147,195 0.23% 3,458 $967,547 Up ×1
DGX Quest Diagnostics Incorporated Common Stock $3,949,688 0.22% 18,635 Up ×1
APO Apollo Global Management, Inc. (New) Common Stock $3,811,421 0.21% 32,216 $-348,857 Down ×1
BSX Boston Scientific Corporation Common Stock $3,696,003 0.21% 86,598 $-1,481,562 Up ×1
AXP American Express Company Common Stock $3,391,633 0.19% 10,027 $358,666
IR Ingersoll Rand Inc. Common Stock $3,321,907 0.18% 40,516 Up ×1
BKLN Invesco Exchange-Traded Fund Trust II $3,054,991 0.17% 149,975 $2,844,972 Up ×1
IWD iShares Russell 1000 Value ETF $3,050,497 0.17% 12,583 $362,528 Up ×1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF $2,932,780 0.16% 31,061 $404,374 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
MNA $20,853,593 1.16% up ×6
TLT $19,478,321 1.08% up ×6
USDU $14,897,347 0.83% up ×6
IWF $7,057,823 0.39% up ×3
VNQI $604,219 0.03% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: G2004J103) $15,621,650 546,785 0.87%
MGRC $4,382,496 36,210 0.24%
DGX $3,949,688 18,635 0.22%
IR $3,321,907 40,516 0.18%
VGLT $635,122 11,510 0.04%
AVEM $530,502 5,498 0.03%
SDY $262,511 1,725 0.01%
MTUM $258,837 755 0.01%
STLD $247,817 1,080 0.01%
QCOM $242,321 1,311 0.01%
NTRS $225,992 1,300 0.01%
CB $222,503 653 0.01%
XLK $220,813 1,159 0.01%
ESGD $215,901 2,100 0.01%
CARR $203,986 2,781 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SGOV Trimmed -243K -$24.4M
VEU Trimmed -5K +$15.5M
ICSH Trimmed -173K -$8.8M
AMD Trimmed -56K +$8.2M
PG Trimmed -55K -$8.0M
GOOG Trimmed -4K +$6.7M
VWO Trimmed -6K +$6.4M
ADP Trimmed -31K -$6.1M
BWA Trimmed -147K -$5.5M
MSFT Trimmed -15K -$5.1M

6 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
CUK June 30, 2026 549,495 $14,160,497 No longer tracked
NICE March 31, 2026 77,760 $8,789,990 5.1%
LKQ Dec. 31, 2025 269,737 $8,237,771 -25.8%
CNC Dec. 31, 2025 229,813 $8,199,740 56.3%
GPN March 31, 2026 103,651 $8,022,549 22.1%
OTIS June 30, 2025 75,087 $7,748,944 -33.5%
LW Sept. 30, 2025 132,979 $6,894,977 -23.3%
PM June 30, 2026 40,000 $6,613,600 4.8%
WDAY March 31, 2026 27,043 $5,808,296 45.4%
HUM Sept. 30, 2025 22,774 $5,567,831 55.3%
NUE June 30, 2026 28,200 $4,768,620 12.9%
AL June 30, 2026 68,860 $4,471,800 No longer tracked
ACN Sept. 30, 2025 14,161 $4,232,581 -20.9%
BMY Dec. 31, 2025 83,290 $3,756,379 9.0%
XRAY Dec. 31, 2025 290,048 $3,680,712 -25.1%
MDLZ June 30, 2026 44,989 $2,593,166 1.1%
ABBV June 30, 2026 11,479 $2,496,568 5.6%
FTV Dec. 31, 2025 41,555 $2,035,779 3.9%
VLTO Sept. 30, 2025 9,882 $997,588 -9.4%
YUMC March 31, 2026 17,900 $854,546 -17.5%
KMX Dec. 31, 2025 17,000 $762,790 42.0%
BP Dec. 31, 2025 21,703 $747,885 28.5%
KVUE Dec. 31, 2025 43,500 $706,005 0.8%
RAL March 31, 2026 13,150 $669,467 77.8%
OHI March 31, 2026 13,055 $578,859 3.5%
UNH June 30, 2025 1,066 $558,318 21.4%
SHEL June 30, 2026 4,615 $429,195 24.5%
EWZ June 30, 2025 15,500 $400,675
ICE June 30, 2025 2,064 $356,040 -17.1%
SCHX March 31, 2026 13,200 $355,212 18.4%
AM Dec. 31, 2025 17,425 $338,742 15.6%
VGLT June 30, 2025 5,690 $327,801
MAR Dec. 31, 2025 1,245 $324,248 14.7%
COPX March 31, 2026 4,247 $304,892
EFC Dec. 31, 2025 22,075 $286,534 -15.3%
SPGI June 30, 2025 553 $280,979 -25.9%
MTUM Sept. 30, 2025 1,130 $271,562
VZ Dec. 31, 2025 6,065 $266,557 12.6%
GBTC Dec. 31, 2025 2,905 $260,782 -3.1%
MRK June 30, 2025 2,860 $256,701 76.3%
IT Sept. 30, 2025 625 $252,638 -28.6%
T Dec. 31, 2025 8,616 $243,316 -2.4%
CPRT Sept. 30, 2025 4,790 $235,045 -38.5%
NOC June 30, 2025 450 $230,405 -4.8%
LMT June 30, 2026 375 $226,646 -0.6%
SJNK June 30, 2025 9,000 $226,440
AMT June 30, 2026 1,300 $224,354 -0.8%
LRCX June 30, 2025 3,071 $223,262 255.2%
XLV June 30, 2025 1,522 $222,227 24.2%
CARR Dec. 31, 2025 3,714 $221,726 5.5%
INTC June 30, 2025 9,713 $220,582 418.7%
RH Sept. 30, 2025 1,167 $220,575 -42.2%
QUAL June 30, 2025 1,280 $218,739
T June 30, 2025 7,651 $216,370 -16.2%
FDX June 30, 2026 607 $216,201 -7.7%
LH Dec. 31, 2025 753 $216,156 23.0%
LMT June 30, 2025 483 $215,761 9.4%
VZ June 30, 2026 4,290 $215,358 8.3%
GIS March 31, 2026 4,500 $209,250 -14.9%
SBUX June 30, 2025 2,117 $207,657 3.1%
XLK Sept. 30, 2025 810 $205,116 42.6%
KMB March 31, 2026 2,000 $201,780 -1.1%
MYPS Dec. 31, 2025 145,050 $139,625 -27.1%
HTBK Sept. 30, 2025 10,602 $105,275 No longer tracked
FATE Dec. 31, 2025 10,000 $12,600 148.0%