Sector breakdown

04
Technology 8.1%
Financials 5.3%
Industrials 4.0%
Energy 2.2%
Healthcare 1.7%
Communication Services 1.2%
Consumer Discretionary 0.7%
Retail 0.6%
Real Estate 0.3%
Consumer Staples 0.3%
Consumer products 0.2%
Utilities 0.2%
Materials 0.1%
Other/Unmapped 75.2%

Full portfolio 599 positions

05
Type Streak 8Q trend
JAAA Janus Henderson AAA CLO ETF $23,759,160 9.62% 470,572 $644,902 Up ×6
KJAN Innovator U.S. Small Cap Power Buffer ETF - January $22,532,341 9.12% 493,805 $1,404,115 Down ×5
DGRO iShares Trust $17,565,350 7.11% 231,763 $1,402,507 Up ×2
FSMB First Trust Exchange-Traded Fund III $13,486,451 5.46% 674,660 $-192,046 Down ×6
XMAR First Trust Exchange-Traded Fund VIII $12,207,923 4.94% 285,666 $332,557 Down ×6
LMBS First Trust Low Duration Opportunities ETF $11,773,688 4.77% 236,514 $571,936 Up ×4
IMCG iShares Trust $10,222,358 4.14% 103,991 $2,193,213 Up ×6
IAPR Innovator International Developed Power Buffer ETF April $9,338,268 3.78% 281,188 $327,695 Down ×4
XMLV Invesco Exchange-Traded Fund Trust II $8,893,642 3.60% 134,082 $655,070 Up ×2
IVV iShares Trust $8,199,743 3.32% 10,949 $1,074,018 Up ×2
FPE First Trust Preferred Securities and Income ETF ETF $7,548,653 3.06% 422,184 $326,368 Up ×2
GSLC Goldman Sachs ETF Trust $7,443,139 3.01% 52,457 $825,901 Down ×6
MU Micron Technology, Inc. - Common Stock $5,702,387 2.31% 4,940 $2,817,333 Down ×2
AIG American International Group, Inc. New Common Stock $5,439,871 2.20% 72,989 $-52,552
KNG First Trust Exchange-Traded Fund IV $4,952,811 2.01% 98,075 $262,951 Up ×2
TFLO iShares Treasury Floating Rate Bond ETF $4,645,325 1.88% 91,750 $276,174 Up ×1
HEI Heico Corporation Common Stock $3,546,559 1.44% 9,957 $816,369
SNDK Sandisk Corporation - Common Stock $3,410,595 1.38% 1,500 $2,457,585
AAPL Apple Inc. - Common Stock $2,952,605 1.20% 10,204 $893,092 Up ×1
WDC Western Digital Corporation - Common Stock $2,882,801 1.17% 4,513 $1,662,164
XOM Exxon Mobil Corporation Common Stock $2,679,187 1.08% 19,596 $-543,990 Up ×1
CB Chubb Limited Common Stock $2,178,518 0.88% 6,393 $1,074,267 Up ×1
HEI-A (filed as HEIA) HEICO Corporation Class A $2,082,403 0.84% 8,074 $378,031
TRVI Trevi Therapeutics, Inc. - Common Stock $1,473,350 0.60% 79,000 $530,880
KJUN Innovator U.S. Small Cap Power Buffer ETF - June $1,397,624 0.57% 46,844 $374,882 Up ×1
XLF SELECT SECTOR SPDR TRUST $1,234,157 0.50% 23,021 $72,060 Down ×2
MAR Marriott International - Class A Common Stock $1,191,390 0.48% 3,215 $141,737 Up ×5
GSHD Goosehead Insurance, Inc. - Class A Common Stock $1,189,988 0.48% 24,536 $143,289
QQQ Invesco QQQ Trust, Series 1 $1,151,789 0.47% 1,564 $225,368 Down ×3
MSFT Microsoft Corporation - Common Stock $1,016,702 0.41% 2,726 $264,204 Up ×6
Unknown issuer (CUSIP: 438516205) $903,661 0.37% 4,036 Up ×1
Unknown issuer (CUSIP: 43849R105) $892,279 0.36% 4,036 Up ×1
KAPR Innovator U.S. Small Cap Power Buffer ETF - April $889,093 0.36% 22,339 $72,453 Down ×2
NVDA NVIDIA Corporation - Common Stock $875,320 0.35% 4,375 $121,130 Up ×3
GE GE Aerospace Common Stock $830,816 0.34% 2,223 $200,122
CVX Chevron Corporation Common Stock $782,788 0.32% 4,722 $-30,135 Up ×5
GOOGL Alphabet Inc. - Class A Common Stock $686,890 0.28% 1,922 $352,269 Up ×1
JPM JP Morgan Chase & Co. Common Stock $673,293 0.27% 2,057 $377,496 Up ×1
INTC Intel Corporation - Common Stock $663,484 0.27% 4,752 $492,492 Up ×1
IMAR Innovator International Developed Power Buffer ETF March $646,439 0.26% 21,233 $457,862 Up ×2
ISEP Innovator International Developed Power Buffer ETF September $608,061 0.25% 17,574 $22,693 Down ×2
GEV GE Vernova Inc. Common Stock $602,476 0.24% 513 $146,225 Down ×2
DSM BNY Mellon Strategic Municipal Bond Fund, Inc. Common Stock $572,952 0.23% 93,163 $20,507 Up ×6
VZ Verizon Communications Inc. Common Stock $554,881 0.22% 13,105 $-24,639 Up ×4
XDEC First Trust Exchange-Traded Fund VIII $536,866 0.22% 12,533 $42,336 Up ×1
FRBA First Bank - Common Stock $531,971 0.22% 30,004 $52,145 Up ×6
IJAN Innovator International Developed Power Buffer ETF January $531,748 0.22% 13,964 $25,134
KAUG Innovator US Small Cap Power Buffer ETF - August $531,080 0.22% 18,553 $6,730 Down ×2
T AT&T Inc. $530,856 0.21% 25,645 $-225,774 Down ×1
IBM International Business Machines Corporation Common Stock $530,262 0.21% 1,886 $108,394 Up ×1
HD Home Depot, Inc. (The) Common Stock $520,053 0.21% 1,475 $22,629 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $518,208 0.21% 4,033 $29,219 Down ×2
ABBV AbbVie Inc. Common Stock $470,623 0.19% 1,870 $226,006 Up ×1
XOCT First Trust Exchange-Traded Fund VIII $465,965 0.19% 11,796 $26,351
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $452,353 0.18% 904 $135,122 Up ×3
XMAY First Trust Exchange-Traded Fund VIII $444,437 0.18% 12,316 $302,757 Up ×1
XJUN First Trust Exchange-Traded Fund VIII $439,280 0.18% 9,887 $69,545 Up ×1
AMZN Amazon.com, Inc. - Common Stock $420,671 0.17% 1,765 $44,743 Down ×1
IJUL Innovator International Developed Power Buffer ETF July $417,324 0.17% 11,602 $25,249 Down ×2
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $414,368 0.17% 5,344 $-78,008 Up ×6
GLW Corning Incorporated Common Stock $407,641 0.17% 1,596 $258,824 Up ×1
KOCT Innovator U.S. Small Cap Power Buffer ETF - October $402,592 0.16% 10,776 $36,995
LLY Eli Lilly and Company Common Stock $384,430 0.16% 321 $89,663 Up ×1
XJUL First Trust Exchange-Traded Fund VIII $378,365 0.15% 9,293 $6,983 Down ×3
MAA Mid-America Apartment Communities, Inc. Common Stock $370,984 0.15% 2,670 $48,691 Up ×6
GLD SPDR Gold Shares $363,960 0.15% 988 $-71,924 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $361,456 0.15% 3,077 $95,974 Down ×1
XNOV First Trust Exchange-Traded Fund VIII $360,404 0.15% 9,095 $20,261
XJAN First Trust Exchange-Traded Fund VIII $345,838 0.14% 9,005 $-5,406 Down ×1
JNJ Johnson & Johnson Common Stock $335,075 0.14% 1,319 $210,750 Up ×5
XSEP First Trust Exchange-Traded Fund VIII $326,333 0.13% 7,349 $18,526
TXN Texas Instruments Incorporated - Common Stock $326,044 0.13% 1,094 $307,886 Up ×4
VLO Valero Energy Corporation Common Stock $322,266 0.13% 1,237 $17,194 Up ×6
IJUN Innovator International Developed Power Buffer ETF June $320,473 0.13% 10,279 $18,045
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $320,448 0.13% 332 $161,210 Down ×1
V Visa Inc. $319,335 0.13% 931 $98,543 Up ×2
KDEC Innovator U.S. Small Cap Power Buffer ETF - December $315,785 0.13% 11,127 $29,834
SPY SPY $307,680 0.12% 412 $39,952
COP ConocoPhillips Common Stock $305,846 0.12% 2,942 $42,367 Up ×6
KJUL Innovator U.S. Small Cap Power Buffer ETF - July $303,862 0.12% 8,945 $10,885 Down ×1
IFEB Innovator International Developed Power Buffer ETF February $299,222 0.12% 9,567 $159,380 Up ×1
KO Coca-Cola Company (The) Common Stock $297,087 0.12% 3,656 $19,114 Up ×1
IDEC Innovator International Developed Power Buffer ETF December $286,008 0.12% 8,334 $14,652
COST Costco Wholesale Corporation - Common Stock $277,426 0.11% 297 $-18,014 Up ×4
XFEB First Trust Exchange-Traded Fund VIII $275,789 0.11% 7,375 $4,672 Down ×1
FTSM First Trust Enhanced Short Maturity ETF $269,009 0.11% 4,504 $70 Up ×1
UPS United Parcel Service, Inc. Common Stock $263,135 0.11% 2,448 $51,860 Up ×2
IBP Installed Building Products, Inc. Common Stock $262,295 0.11% 1,141 $-15,074 Up ×1
ISTB iShares Core 1-5 Year USD Bond ETF $262,094 0.11% 5,432 $-1,141
KFEB Innovator U.S. Small Cap Power Buffer ETF - February $251,477 0.10% 8,094 $28,449 Up ×2
MRSH Marsh Common Stock $245,880 0.10% 1,475 $-9,180 Up ×2
AXP American Express Company Common Stock $240,689 0.10% 712 $176,810 Up ×1
MO Altria Group, Inc. $238,689 0.10% 3,317 $20,771 Up ×2
KMAR Innovator U.S. Small Cap Power Buffer ETF - March $227,391 0.09% 7,075 $63,455 Up ×2
MPC Marathon Petroleum Corporation Common Stock $223,712 0.09% 875 $10,054
IRDM Iridium Communications Inc - Common Stock $219,400 0.09% 4,000 $108,440
IJJ iShares Trust $219,102 0.09% 1,483 $15,971 Down ×1
TSLA Tesla, Inc. - Common Stock $212,403 0.09% 505 $-7,302 Down ×1
IOCT Innovator International Developed Power Buffer ETF - October $207,218 0.08% 5,602 $10,867
HWM Howmet Aerospace Inc. Common Stock $192,773 0.08% 717 $27,533

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
JAAA $23,759,160 9.62% up ×6
LMBS $11,773,688 4.77% up ×4
IMCG $10,222,358 4.14% up ×6
MAR $1,191,390 0.48% up ×5
MSFT $1,016,702 0.41% up ×6
NVDA $875,320 0.35% up ×3
CVX $782,788 0.32% up ×5
DSM $572,952 0.23% up ×6
VZ $554,881 0.22% up ×4
FRBA $531,971 0.22% up ×6
BRK-B (filed as BRKB) $452,353 0.18% up ×3
SHEL $414,368 0.17% up ×6
MAA $370,984 0.15% up ×6
JNJ $335,075 0.14% up ×5
TXN $326,044 0.13% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 438516205) $903,661 4,036 0.37%
Unknown issuer (CUSIP: 43849R105) $892,279 4,036 0.36%
XAPR $113,832 3,015 0.05%
KMAY $93,449 3,076 0.04%
CVBF $70,698 3,135 0.03%
AEP $68,405 500 0.03%
VRT $66,964 200 0.03%
NSC $66,064 210 0.03%
NVR $61,321 9 0.02%
SO $57,426 600 0.02%
VIG $40,396 171 0.02%
Unknown issuer (CUSIP: 84615Q103) $40,153 235 0.02%
TCNNF $39,320 4,000 0.02%
IMO $33,606 300 0.01%
RHP $33,423 260 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Trimmed -4K +$2.8M
SNDK Price move only +0 +$2.5M
IMCG Bought more +2K +$2.2M
WDC Price move only +0 +$1.7M
KJAN Trimmed -13K +$1.4M
DGRO Bought more +1K +$1.4M
CB Bought more +3K +$1.1M
IVV Bought more +40 +$1.1M
AAPL Bought more +2K +$893K
GSLC Trimmed -426 +$826K

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
HON June 30, 2026 8,072 $1,824,611 -4.4%
HES Sept. 30, 2025 1,553 $215,190 No longer tracked
KDEC June 30, 2025 5,976 $136,923
DIAX March 31, 2026 7,863 $119,995 No longer tracked
ENGN June 30, 2026 11,000 $74,910 8.1%
ILMN June 30, 2026 500 $61,630 67.0%
DOCS Sept. 30, 2025 1,000 $61,340 -60.9%
HTBK June 30, 2026 4,823 $60,195 No longer tracked
BHVN Dec. 31, 2025 4,000 $60,040 14.9%
AL June 30, 2026 750 $48,705 No longer tracked
ITCI June 30, 2025 300 $39,576 No longer tracked
QDF June 30, 2026 442 $34,935
VFF Sept. 30, 2025 22,250 $24,475 -13.1%
APLD June 30, 2025 4,267 $23,981 145.3%
IYZ Sept. 30, 2025 780 $23,221
AFSC Dec. 31, 2025 589 $17,651
MSEX Sept. 30, 2025 300 $16,254 -1.9%
XLC Sept. 30, 2025 138 $14,987 -5.7%
KOF Sept. 30, 2025 143 $13,857 30.1%
VTEB March 31, 2026 240 $12,070
XLP Sept. 30, 2025 146 $11,792 No longer tracked
VRE June 30, 2026 617 $11,644 No longer tracked
IP Dec. 31, 2025 250 $11,600 -18.6%
USB Sept. 30, 2025 242 $10,950 18.5%
PFM June 30, 2025 238 $10,918
MSGS June 30, 2025 50 $9,736 91.6%
FTGC June 30, 2026 304 $8,737
CCL June 30, 2026 333 $8,611 -10.5%
NJUL Dec. 31, 2025 100 $7,111
PAVE Dec. 31, 2025 145 $6,907
LUV June 30, 2026 176 $6,613 -18.6%
TTEK Sept. 30, 2025 182 $6,554 -0.1%
JNPR Sept. 30, 2025 161 $6,429 No longer tracked
K Dec. 31, 2025 74 $6,070 No longer tracked
TRGP Dec. 31, 2025 36 $6,032 55.8%
CLX June 30, 2026 58 $6,024 -14.1%
HUN June 30, 2025 328 $5,180 -15.2%
CRUZ June 30, 2025 205 $4,708 No longer tracked
RC June 30, 2025 777 $3,955 -74.8%
ANSS Sept. 30, 2025 11 $3,864 No longer tracked
HOLX June 30, 2026 51 $3,856 No longer tracked
FGD Sept. 30, 2025 130 $3,581
PTH June 30, 2025 87 $3,436
QGEN (filed as QGENXXXX) March 31, 2026 70 $3,162 14.4%
DGS March 31, 2026 53 $3,007
UGRO June 30, 2025 7,000 $2,828 No longer tracked
MSTR June 30, 2026 21 $2,621 89.2%
EFA March 31, 2026 23 $2,249
CRL June 30, 2025 14 $2,108 104.8%
EEM March 31, 2026 36 $1,943
DPZ June 30, 2026 5 $1,937 0.4%
IXUS June 30, 2026 21 $1,820
VDE March 31, 2026 14 $1,778
X June 30, 2025 33 $1,385 No longer tracked
NBIS June 30, 2025 60 $1,267 320.3%
SRE June 30, 2025 15 $1,071 3.2%
ATYR June 30, 2025 340 $1,027 -94.3%
LEA Dec. 31, 2025 9 $906 5.9%
GOVT March 31, 2026 27 $622
LLYVK (filed as LLYVKXXXX) Dec. 31, 2025 6 $582 18.9%
TSVT June 30, 2025 113 $559 No longer tracked
MRNA June 30, 2026 11 $553 190.2%
XLP March 31, 2026 7 $549 No longer tracked
TD March 31, 2026 5 $475 25.5%
LEDS Dec. 31, 2025 200 $438 57.3%
HYMB March 31, 2026 17 $424 -4.5%
CEG March 31, 2026 1 $354 -4.2%
KLG Sept. 30, 2025 18 $287 No longer tracked
HNDL Sept. 30, 2025 11 $246
NVO Dec. 31, 2025 4 $222 -26.2%
METV March 31, 2026 10 $189
BKLC June 30, 2026 1 $125
TAN March 31, 2026 2 $99 -21.6%
EPAC March 31, 2026 2 $77 -1.2%
OTRKQ Sept. 30, 2025 138 $69 No longer tracked
GOSS June 30, 2025 50 $55 -89.2%
ZIMV Dec. 31, 2025 2 $38 No longer tracked
EVGO June 30, 2026 17 $30 -29.3%
RKDA Dec. 31, 2025 5 $18 -85.5%