Sector breakdown

04
Industrials 15.8%
Technology 14.9%
Financials 14.4%
Healthcare 12.3%
Communication Services 7.6%
Retail 7.3%
Energy 5.9%
Utilities 4.6%
Real Estate 4.3%
Consumer Discretionary 1.5%
Materials 0.9%
Consumer products 0.6%
Consumer Staples 0.6%
Other/Unmapped 9.2%

Full portfolio 131 positions

05
Type Streak 8Q trend
GLD SPDR Gold Shares $48,258 3.70% 131,000 $-7,378 Up ×1
AAPL Apple Inc. - Common Stock $40,021 3.07% 138,310 $30,682 Up ×2
JPM JP Morgan Chase & Co. Common Stock $39,820 3.06% 121,650 $4,565 Up ×1
EMLC VanEck ETF Trust $39,553 3.04% 1,547,458 $-18,002 Down ×2
AMZN Amazon.com, Inc. - Common Stock $39,083 3.00% 163,980 $11,050 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $37,667 2.89% 105,400 $-4,691 Down ×1
MSFT Microsoft Corporation - Common Stock $34,262 2.63% 91,850 $10,782 Up ×3
MS Morgan Stanley Common Stock $33,676 2.58% 161,100 $7,098 Down ×4
CSCO Cisco Systems, Inc. - Common Stock $33,532 2.57% 285,476 $11,533 Up ×2
GLW Corning Incorporated Common Stock $31,878 2.45% 124,800 $14,623 Down ×3
ADI Analog Devices, Inc. - Common Stock $27,127 2.08% 68,300 $6,130 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $25,823 1.98% 200,960 $1,994 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $24,444 1.88% 193,110 $-394 Up ×1
NVDA NVIDIA Corporation - Common Stock $22,818 1.75% 114,040 $9,905 Up ×3
CVS CVS Health Corporation Common Stock $22,625 1.74% 218,700 $7,320 Up ×1
GE GE Aerospace Common Stock $22,471 1.72% 60,125 $5,587 Up ×1
RTX RTX Corporation Common Stock $21,629 1.66% 114,000 $159 Up ×2
D Dominion Energy, Inc. Common Stock $21,429 1.64% 313,800 $2,030
CVX Chevron Corporation Common Stock $21,300 1.63% 128,500 $-342 Up ×2
IBM International Business Machines Corporation Common Stock $21,231 1.63% 75,500 $-608 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $20,559 1.58% 135,700 $-1,112
DGX Quest Diagnostics Incorporated Common Stock $19,656 1.51% 92,740 $4,644 Up ×1
ET Energy Transfer LP Common Units $19,351 1.49% 1,012,090 $-182
BAC Bank of America Corporation Common Stock $18,695 1.43% 328,100 $3,090 Up ×1
SPG Simon Property Group, Inc. Common Stock $18,588 1.43% 83,110 $4,216 Up ×1
ABBV AbbVie Inc. Common Stock $18,433 1.41% 73,250 $2,615 Up ×2
VOO VANGUARD INDEX FUNDS $17,604 1.35% 25,632 $1,346 Down ×1
LLY Eli Lilly and Company Common Stock $17,596 1.35% 14,670 $9,392 Up ×2
CMI Cummins Inc. Common Stock $17,488 1.34% 24,520 $4,576 Up ×1
AVGO Broadcom Inc. - Common Stock $17,245 1.32% 45,652 $3,561 Up ×2
WMT Walmart Inc. - Common Stock $17,200 1.32% 151,860 $-1,231 Up ×1
CRH CRH PLC Ordinary Shares $17,109 1.31% 159,900 $300
VLO Valero Energy Corporation Common Stock $17,085 1.31% 65,600 $877
JNJ Johnson & Johnson Common Stock $16,483 1.27% 64,900 $1,474 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $15,990 1.23% 126,560 $3,268 Up ×1
ITT ITT Inc. Common Stock $15,979 1.23% 80,800 $584
MCK McKesson Corporation Common Stock $15,444 1.19% 20,440 $819 Up ×1
AME AMETEK, Inc. $15,363 1.18% 63,500 $1,858 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $15,331 1.18% 417,070 $-451
ETN Eaton Corporation, PLC Ordinary Shares $15,289 1.17% 35,880 $2,699 Up ×1
PLD Prologis, Inc. Common Stock $15,254 1.17% 112,600 $675 Up ×1
TXN Texas Instruments Incorporated - Common Stock $14,933 1.15% 50,100 $5,595 Up ×1
FITB Fifth Third Bancorp - Common Stock $14,019 1.08% 248,700 $4,755 Up ×1
VTR Ventas, Inc. Common Stock $13,688 1.05% 154,140 Up ×1
JCI Johnson Controls International plc Ordinary Share $13,632 1.05% 93,300 $1,414
AJG Arthur J. Gallagher & Co. Common Stock $13,467 1.03% 58,660
V Visa Inc. $13,449 1.03% 39,200 $1,601
AXP American Express Company Common Stock $13,395 1.03% 39,600 $3,776 Up ×1
EXC Exelon Corporation - Common Stock $13,394 1.03% 287,310 $-690
META Meta Platforms, Inc. - Class A Common Stock $13,187 1.01% 23,410 $-35 Up ×1
VZ Verizon Communications Inc. Common Stock $12,809 0.98% 302,530 $-2,110 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $12,370 0.95% 50,240 $6,897 Up ×1
NUE Nucor Corporation Common Stock $12,162 0.93% 54,600 $3,115 Up ×2
BLK BlackRock, Inc. Common Stock $11,082 0.85% 11,525 $22 Up ×1
HPE Hewlett Packard Enterprise Company Common Stock $10,574 0.81% 234,400 Up ×1
MCD McDonald's Corporation Common Stock $10,353 0.79% 38,300 $-2,669 Down ×1
COST Costco Wholesale Corporation - Common Stock $9,317 0.72% 9,960 $8,420 Up ×1
WM Waste Management, Inc. Common Stock $9,102 0.70% 40,840 $8,826 Up ×1
HLT Hilton Worldwide Holdings Inc. Common Stock $8,903 0.68% 26,940 $3,582 Up ×1
TGT Target Corporation Common Stock $8,738 0.67% 66,900 $630
PG Procter & Gamble Company (The) Common Stock $8,314 0.64% 56,700 $384 Up ×1
HON Honeywell International Inc. - Common Stock $8,128 0.62% 36,300 $149 Up ×1
MET MetLife, Inc. Common Stock $8,097 0.62% 95,700 $1,329
NLY Annaly Capital Management Inc. Common Stock $8,074 0.62% 361,100 $437
SPTB SPDR SERIES TRUST $7,846 0.60% 261,000 $-53
PFE Pfizer, Inc. Common Stock $7,503 0.58% 311,580 $-1,190 Up ×3
KO Coca-Cola Company (The) Common Stock $7,348 0.56% 90,410 $5,857 Up ×1
PH Parker-Hannifin Corporation Common Stock $6,729 0.52% 6,880 Up ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $6,519 0.50% 24,180 $721 Up ×1
ARCC Ares Capital Corporation - Closed End Fund $5,108 0.39% 275,660 $5,087 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $2,665 0.20% 14,420 $2,253 Up ×1
WMB Williams Companies, Inc. (The) Common Stock $2,354 0.18% 31,660 $50
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $2,214 0.17% 88,579 $-6
GS Goldman Sachs Group, Inc. (The) Common Stock $1,780 0.14% 1,760 $714 Up ×1
CBOE Cboe Global Markets, Inc. Common Stock $1,296 0.10% 5,340 Up ×1
AMAT Applied Materials, Inc. - Common Stock $1,157 0.09% 1,600 $610
SPY SPY $1,066 0.08% 1,428 Up ×1
NFLX Netflix, Inc. - Common Stock $1,057 0.08% 14,800 $-366
SUSC iShares ESG Aware USD Corporate Bond ETF $823 0.06% 35,557 $0
AEP American Electric Power Company, Inc. - Common Stock $796 0.06% 5,820 $468 Up ×1
XOM Exxon Mobil Corporation Common Stock $779 0.06% 5,700 $151 Up ×1
EMR Emerson Electric Company Common Stock $776 0.06% 5,420 $317 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $707 0.05% 2,000 Up ×1
AMGN Amgen Inc. - Common Stock $652 0.05% 1,800
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $651 0.05% 1,300
TFC Truist Financial Corporation Common Stock $638 0.05% 12,800 $50
HD Home Depot, Inc. (The) Common Stock $624 0.05% 1,770 $42
DOV Dover Corporation Common Stock $601 0.05% 2,680 $42
ORCL Oracle Corporation Common Stock $570 0.04% 3,890 $-2
UNP Union Pacific Corporation Common Stock $544 0.04% 2,000 Up ×1
LMT Lockheed Martin Corporation Common Stock $530 0.04% 1,040 $83 Up ×1
MCHP Microchip Technology Incorporated - Common Stock $438 0.03% 4,800 $128
RSG Republic Services, Inc. Common Stock $384 0.03% 1,800 $-10
DHR Danaher Corporation Common Stock $381 0.03% 2,000 $2
AMP Ameriprise Financial, Inc. Common Stock $367 0.03% 800 $-122 Down ×1
SBUX Starbucks Corporation - Common Stock $343 0.03% 3,360 Up ×1
DIS Walt Disney Company (The) Common Stock $340 0.03% 3,530 $144 Up ×1
WFC Wells Fargo & Company Common Stock $339 0.03% 4,100
GEV GE Vernova Inc. Common Stock $329 0.03% 280 Up ×1
PEP PepsiCo, Inc. - Common Stock $322 0.02% 2,380 $-11,076 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
MSFT $34,262 2.63% up ×3
NVDA $22,818 1.75% up ×3
PFE $7,503 0.58% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VTR $13,688 154,140 1.05%
AJG $13,467 58,660 1.03%
HPE $10,574 234,400 0.81%
PH $6,729 6,880 0.52%
CBOE $1,296 5,340 0.10%
SPY $1,066 1,428 0.08%
GOOG $707 2,000 0.05%
AMGN $652 1,800 0.05%
BRK-B (filed as BRKB) $651 1,300 0.05%
UNP $544 2,000 0.04%
SBUX $343 3,360 0.03%
WFC $339 4,100 0.03%
GEV $329 280 0.03%
CAT $319 300 0.02%
IWM $278 924 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AAPL Bought more +102K +$31K
EMLC Trimmed -745K -$18K
GLW Trimmed -2K +$15K
CSCO Bought more +2K +$12K
AMZN Bought more +29K +$11K
MSFT Bought more +28K +$11K
NVDA Bought more +40K +$10K
LLY Bought more +6K +$9K
GLD Bought more +2K -$7K
CVS Bought more +6K +$7K

5 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
GLDM March 31, 2026 1,300,000 $110,981 -11.5%
EMB June 30, 2026 917,273 $86,159
LQD June 30, 2026 347,496 $37,874
EMLC June 30, 2025 1,096,500 $26,162
LQD June 30, 2025 185,127 $20,121
BMY June 30, 2025 292,800 $17,858 32.1%
SSNC March 31, 2026 187,000 $16,348 16.2%
BRK-B (filed as BRKB) Sept. 30, 2025 32,800 $15,933 No longer tracked
CTVA June 30, 2026 188,390 $15,770 -85.9%
HCA Sept. 30, 2025 40,500 $15,516 0.1%
NEE June 30, 2025 179,100 $12,696 10.7%
LIN Sept. 30, 2025 25,700 $12,058 0.9%
NDAQ June 30, 2026 133,500 $11,333 14.6%
UNH Sept. 30, 2025 34,600 $10,794 7.7%
AVB June 30, 2025 49,400 $10,602 No longer tracked
SCI Sept. 30, 2025 129,700 $10,558 -7.3%
LEN Dec. 31, 2025 82,900 $10,449 -22.4%
SYK June 30, 2026 31,100 $10,219 -12.5%
REGN June 30, 2025 16,100 $10,211 40.0%
BKNG March 31, 2026 1,600 $8,569 -5.6%
TMO June 30, 2026 16,400 $8,061 30.6%
CI March 31, 2026 29,000 $7,982 1.4%
SPGI March 31, 2026 15,200 $7,943 -9.2%
J March 31, 2026 59,600 $7,895 8.5%
KIM March 31, 2026 364,400 $7,386 -1.0%
USHY June 30, 2026 199,187 $7,338
AMT June 30, 2026 33,400 $5,764 -0.8%
NEM June 30, 2026 50,600 $5,477 23.7%
IGSB March 31, 2026 99,406 $5,257
CTRA Dec. 31, 2025 212,000 $5,014 No longer tracked
IJH June 30, 2025 67,527 $3,940 17.7%
AGG Dec. 31, 2025 34,542 $3,463
HYG March 31, 2026 34,867 $2,811
IGSB June 30, 2025 43,000 $2,252
AMGN Sept. 30, 2025 5,300 $1,480 42.8%
ROST June 30, 2025 11,100 $1,418 79.1%
FDX June 30, 2025 5,300 $1,292 27.7%
MMP Sept. 30, 2025 15,600 $1,076 No longer tracked
IVW June 30, 2025 10,322 $958 30.1%
DAL Sept. 30, 2025 19,300 $949 48.2%
CRM March 31, 2026 2,700 $715 25.7%
PNC June 30, 2025 3,900 $686 18.6%
BA Sept. 30, 2025 3,200 $670 -10.3%
DE June 30, 2026 900 $507 8.3%
PSX June 30, 2025 4,000 $494 121.8%
FIS June 30, 2025 6,000 $448 -60.2%
MUR June 30, 2025 14,882 $423 67.4%
COP June 30, 2025 2,400 $252 41.2%
DVN June 30, 2025 6,700 $251 49.8%
CMCSA Dec. 31, 2025 5,770 $181 -23.0%
ARES March 31, 2026 1,100 $178 7.7%
NHP Sept. 30, 2025 3,900 $165
AJG March 31, 2026 500 $129 4.4%
OVV June 30, 2025 3,000 $128 58.6%
DELL March 31, 2026 1,000 $126 242.7%
CB Dec. 31, 2025 400 $113 6.0%
GTE June 30, 2025 20,000 $99 No longer tracked
LYB June 30, 2025 900 $63 1.2%
XLE June 30, 2025 598 $56 48.1%
SPYM Sept. 30, 2025 485 $35 15.6%
KRE Dec. 31, 2025 406 $26
VLY Sept. 30, 2025 483 $4 20.9%