Sector breakdown

04
Financials 10.2%
Technology 5.8%
Utilities 3.8%
Energy 3.7%
Real Estate 2.7%
Consumer Staples 2.2%
Communication Services 1.8%
Healthcare 1.7%
Retail 0.8%
Industrials 0.7%
Consumer Discretionary 0.6%
Materials 0.0%
Consumer products 0.0%
Other/Unmapped 66.1%

Full portfolio 249 positions

05
Type Streak 8Q trend
ACWI iShares MSCI ACWI ETF $16,064,683 3.31% 102,342 $2,580,685 Up ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $15,725,850 3.24% 21 $644,910
COWZ Pacer Funds Trust $15,537,748 3.21% 249,803 $1,183,247 Up ×4
JQUA J.P. Morgan Exchange-Traded Fund Trust $15,103,544 3.12% 208,959 $4,836,317 Up ×3
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF $13,049,574 2.69% 325,050 $3,776,432 Up ×5
JPM JP Morgan Chase & Co. Common Stock $12,301,975 2.54% 37,583 $741,004 Down ×1
SGOV iShares Trust $11,449,937 2.36% 113,737 $6,685,597 Up ×1
VOO VANGUARD INDEX FUNDS $11,161,303 2.30% 16,251 $-354,588 Down ×5
VTI VANGUARD INDEX FUNDS $11,042,866 2.28% 29,842 $3,041,277 Up ×6
EDIV SPDR INDEX SHARES FUNDS $10,649,436 2.20% 260,012 $1,670,307 Up ×5
IWR iShares Trust $9,953,170 2.05% 90,221 $1,504,596 Up ×1
JIVE JPMorgan International Value ETF $8,268,255 1.71% 89,917 $2,236,401 Up ×3
VIG VANGUARD SPECIALIZED FUNDS $8,267,570 1.71% 34,940 $1,662,105 Up ×6
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $8,004,172 1.65% 504,041 $-1,372,508 Down ×1
ICVT iShares Trust $7,646,684 1.58% 62,812 $1,441,959 Up ×6
AAPL Apple Inc. - Common Stock $7,621,093 1.57% 26,338 $864,957 Down ×1
MGK VANGUARD WORLD FUND $7,584,795 1.56% 86,279 $1,877,827 Up ×5
REZ iShares Trust $7,032,938 1.45% 74,274 $1,333,965 Up ×2
XOM Exxon Mobil Corporation Common Stock $7,001,547 1.44% 51,211 $-1,364,523 Up ×2
VWOB Vanguard Emerging Markets Government Bond ETF $6,883,390 1.42% 102,370 $1,272,562 Up ×5
SRLN SSGA Active Trust $6,464,857 1.33% 160,458 $894,781 Up ×5
ANGL VanEck ETF Trust $6,178,874 1.27% 211,316 $417,281 Up ×5
PFFD Global X Funds $6,129,182 1.26% 327,939 $468,843 Up ×6
BIL SPDR SERIES TRUST $6,101,790 1.26% 66,584 $4,680,349 Up ×4
JMEE J.P. Morgan Exchange-Traded Fund Trust $6,037,571 1.25% 77,375 $1,975,952 Up ×3
IJR iShares Trust $5,409,594 1.12% 36,475 $77,537 Down ×5
FMHI First Trust Municipal High Income ETF $4,913,037 1.01% 101,321 $365,735 Up ×5
AVGO Broadcom Inc. - Common Stock $4,829,603 1.00% 12,785 $1,014,187 Up ×2
IAU iShares Gold Trust Shares $4,807,269 0.99% 63,664 $-1,287,761 Down ×1
AMLP ALPS ETF Trust $4,730,033 0.98% 91,225 $1,186,058 Up ×4
QQQ Invesco QQQ Trust, Series 1 $4,321,871 0.89% 5,869 $2,300,703 Up ×2
PM Philip Morris International Inc Common Stock $4,284,955 0.88% 23,686 $519,087 Up ×2
DFAE Dimensional ETF Trust $4,114,663 0.85% 102,329 $376,369 Down ×5
OUNZ VanEck Merk Gold ETF $4,062,562 0.84% 105,275 $-927,852 Down ×1
MO Altria Group, Inc. $4,036,091 0.83% 56,096 $702,094 Up ×6
BOXX EA Series Trust $3,928,252 0.81% 33,549 $1,872,129 Up ×3
IVV iShares Trust $3,884,035 0.80% 5,186 $-92,751 Down ×4
DFAI Dimensional ETF Trust $3,855,665 0.80% 93,471 $-48,192 Down ×5
FITB Fifth Third Bancorp - Common Stock $3,800,672 0.78% 67,424 $964,261 Up ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $3,772,855 0.78% 63,207 $2,340,183 Up ×1
CVX Chevron Corporation Common Stock $3,722,420 0.77% 22,457 $-1,275,258 Down ×1
IBM International Business Machines Corporation Common Stock $3,614,266 0.75% 12,853 $1,001,489 Up ×6
SO Southern Company (The) Common Stock $3,587,681 0.74% 37,485 $337,657 Up ×6
AEP American Electric Power Company, Inc. - Common Stock $3,582,340 0.74% 26,185 $513,294 Up ×6
OHI Omega Healthcare Investors, Inc. Common Stock $3,456,098 0.71% 72,485 $648,633 Up ×6
IWM iShares Trust $3,385,163 0.70% 11,267 $770,698 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,313,082 0.68% 6,621 $36,792 Down ×3
SHY iShares 1-3 Year Treasury Bond ETF $3,235,311 0.67% 39,402 $156,656 Up ×6
PFE Pfizer, Inc. Common Stock $3,209,049 0.66% 133,266 $26,238 Up ×6
D Dominion Energy, Inc. Common Stock $3,147,759 0.65% 46,094 $675,653 Up ×6
SPTL SPDR SERIES TRUST $3,136,227 0.65% 119,566 $218,332 Up ×6
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF $3,134,631 0.65% 88,002 $185,521 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $3,084,598 0.64% 24,369 $315,643 Up ×6
RPG Invesco Exchange-Traded Fund Trust $3,084,121 0.64% 48,303 $644,198 Down ×5
LVHI Legg Mason ETF Investment Trust $3,051,197 0.63% 75,180 $-596,002 Down ×2
NVDA NVIDIA Corporation - Common Stock $3,025,497 0.62% 15,121 $358,612 Down ×1
NLY Annaly Capital Management Inc. Common Stock $2,972,593 0.61% 132,942 $557,961 Up ×6
DLR Digital Realty Trust, Inc. Common Stock $2,969,371 0.61% 16,535 $352,745 Up ×6
PPL PPL Corporation Common Stock $2,956,438 0.61% 81,333 $266,779 Up ×6
VICI VICI Properties Inc. Common Stock $2,857,752 0.59% 107,637 $457,230 Up ×6
AIRR First Trust RBA American Industrial Renaissance ETF $2,814,240 0.58% 21,120 $1,861,532 Up ×2
VZ Verizon Communications Inc. Common Stock $2,755,958 0.57% 65,091 $-129,298 Up ×2
ARCC Ares Capital Corporation - Closed End Fund $2,724,238 0.56% 147,018 $533,998 Up ×4
GLD SPDR Gold Shares $2,614,761 0.54% 7,098 $-3,003,966 Down ×2
IWF iShares Trust $2,552,314 0.53% 20,555 Up ×1
OCSL Oaktree Specialty Lending Corporation - Closed End Fund $2,415,968 0.50% 202,342 $596,601 Up ×6
FDUS Fidus Investment Corporation - Closed End Fund $2,393,667 0.49% 125,520 $672,538 Up ×6
T AT&T Inc. $2,380,904 0.49% 115,020 $-619,027 Up ×6
AMAT Applied Materials, Inc. - Common Stock $2,345,511 0.48% 3,244 $992,623 Down ×3
SPYI NEOS ETF Trust $2,134,218 0.44% 40,200 $1,287,522 Up ×1
TSLX Sixth Street Specialty Lending, Inc. Common Stock $2,065,969 0.43% 120,324 $404,980 Up ×6
WMT Walmart Inc. - Common Stock $1,968,722 0.41% 17,382 $-775,908 Down ×1
SGOL abrdn Physical Gold Shares ETF $1,934,438 0.40% 50,600 $-367,954 Down ×3
SLV iShares Silver Trust $1,798,196 0.37% 33,630 $-2,659,114 Down ×2
HELO J.P. Morgan Exchange-Traded Fund Trust $1,684,441 0.35% 24,925 $660,811 Up ×1
AIQ Global X Artificial Intelligence & Technology ETF $1,614,925 0.33% 24,614 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,538,081 0.32% 3,221 $288,805 Down ×3
EPD Enterprise Products Partners L.P. Common Stock $1,494,026 0.31% 40,643 $-327,474 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,486,724 0.31% 4,160 $455,067 Up ×4
JEPI J.P. Morgan Exchange-Traded Fund Trust $1,373,282 0.28% 24,314 $452,747 Up ×5
FRDM EA Series Trust $1,341,870 0.28% 18,407 Up ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $1,288,204 0.27% 13,358 $-54,640 Down ×5
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $1,128,703 0.23% 18,365 $405,193 Up ×3
VO VANGUARD INDEX FUNDS $1,120,270 0.23% 13,904 $111,963 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $1,061,869 0.22% 8,264 $-69,192 Down ×2
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $1,049,920 0.22% 17,000 $114,400 Up ×1
TIP iShares Trust $1,043,415 0.22% 9,535 $37,263 Up ×2
VGT VANGUARD WORLD FUND $1,022,657 0.21% 8,556 $702,549 Up ×1
CALF Pacer Funds Trust $1,005,238 0.21% 19,862 $52,122 Down ×6
PTL Inspire 500 ETF $1,001,315 0.21% 3,500 $262,178 Up ×3
MSFT Microsoft Corporation - Common Stock $988,645 0.20% 2,650 $-198,944 Down ×3
OKE ONEOK, Inc. Common Stock $967,965 0.20% 11,134 $-3,112 Up ×2
HYG iShares Trust $958,535 0.20% 11,986 $-195,746 Down ×5
XLK SELECT SECTOR SPDR TRUST $927,236 0.19% 4,867 $-1,716,449 Down ×1
RPV Invesco Exchange-Traded Fund Trust $899,389 0.19% 7,902 $-3,368 Down ×5
WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests $890,516 0.18% 20,350 $144,104 Up ×2
BBUS J.P. Morgan Exchange-Traded Fund Trust $889,054 0.18% 6,599 $86,590 Down ×1
LQD iShares Trust $877,193 0.18% 8,042 $-207,963 Down ×5
BND Vanguard Total Bond Market ETF $868,371 0.18% 11,829 $-410,691 Down ×5
DFCF Dimensional ETF Trust $858,372 0.18% 20,336 $-226,034 Down ×5

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
COWZ $15,537,748 3.21% up ×4
JQUA $15,103,544 3.12% up ×3
COWG $13,049,574 2.69% up ×5
VTI $11,042,866 2.28% up ×6
EDIV $10,649,436 2.20% up ×5
JIVE $8,268,255 1.71% up ×3
VIG $8,267,570 1.71% up ×6
ICVT $7,646,684 1.58% up ×6
MGK $7,584,795 1.56% up ×5
VWOB $6,883,390 1.42% up ×5
SRLN $6,464,857 1.33% up ×5
ANGL $6,178,874 1.27% up ×5
PFFD $6,129,182 1.26% up ×6
BIL $6,101,790 1.26% up ×4
JMEE $6,037,571 1.25% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IWF $2,552,314 20,555 0.53%
AIQ $1,614,925 24,614 0.33%
FRDM $1,341,870 18,407 0.28%
NFLX $714,000 10,000 0.15%
SNDK $682,119 300 0.14%
PRN $677,844 2,600 0.14%
VOOG $660,960 8,000 0.14%
PSCT $600,681 6,500 0.12%
RSHO $597,265 9,500 0.12%
MU $596,774 517 0.12%
INTC $476,836 3,415 0.10%
Unknown issuer (CUSIP: 33733E641) $465,190 22,648 0.10%
SE $359,363 3,750 0.07%
FALN $347,147 12,744 0.07%
PSK $335,696 10,996 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SGOV Bought more +66K +$6.7M
JQUA Bought more +42K +$4.8M
BIL Bought more +51K +$4.7M
COWG Bought more +50K +$3.8M
VTI Bought more +5K +$3.0M
GLD Trimmed -6K -$3.0M
SLV Trimmed -32K -$2.7M
ACWI Bought more +5K +$2.6M
VWO Bought more +37K +$2.3M
QQQ Bought more +2K +$2.3M

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
XLE June 30, 2026 56,670 $3,471,606 18.3%
CMA March 31, 2026 32,109 $2,791,223 No longer tracked
IPKW June 30, 2025 42,102 $1,922,377
EEM Dec. 31, 2025 20,065 $1,071,471
HON June 30, 2026 4,565 $1,031,841 -4.4%
XLE Dec. 31, 2025 10,841 $968,553 40.5%
BOKF Dec. 31, 2025 7,121 $793,564 8.4%
FANG June 30, 2026 3,720 $735,779 5.1%
XLK June 30, 2025 3,313 $684,068 57.8%
CRAK June 30, 2026 13,000 $642,200
QTUM March 31, 2026 5,447 $597,318
FTSM Dec. 31, 2025 9,903 $593,289
MPLX June 30, 2025 10,240 $548,045 9.5%
NEM June 30, 2026 5,000 $541,250 23.7%
SPYI Dec. 31, 2025 10,058 $526,033
BBIN March 31, 2026 7,201 $520,776
FSK Sept. 30, 2025 24,585 $510,139 -26.5%
ASML Dec. 31, 2025 525 $508,247 74.5%
PSX June 30, 2025 4,022 $496,637 121.8%
E June 30, 2026 8,500 $481,185 16.8%
DKL March 31, 2026 10,250 $457,355 10.4%
PRU Dec. 31, 2025 4,370 $453,344 -0.2%
AMGN Sept. 30, 2025 1,561 $435,902 42.8%
LNG June 30, 2026 1,472 $417,782 12.9%
AGG June 30, 2025 4,209 $416,354
BKLN June 30, 2026 19,064 $389,096
SPYD Dec. 31, 2025 8,702 $382,888
CGDV March 31, 2026 8,677 $378,679
BSX June 30, 2026 6,031 $378,473 -0.2%
DINO June 30, 2026 5,985 $373,411 62.8%
VHT March 31, 2026 1,249 $359,525
NODE March 31, 2026 10,000 $347,700
BPRE March 31, 2026 22,214 $333,210 -23.6%
GBUG June 30, 2026 7,300 $331,722
MSTR Dec. 31, 2025 1,029 $331,554 5.3%
PG June 30, 2026 2,085 $301,206 -1.2%
FLNG June 30, 2025 13,000 $298,870 42.1%
CRWD June 30, 2025 846 $298,283 -47.0%
GDX June 30, 2026 3,172 $291,088 16.3%
PAA Dec. 31, 2025 17,000 $290,020 32.2%
PAYC June 30, 2025 1,322 $288,860 -4.5%
OBDC Sept. 30, 2025 20,000 $286,800 -19.3%
UNH Sept. 30, 2025 895 $279,213 7.7%
LLY June 30, 2025 331 $273,481 46.6%
SCHD June 30, 2026 8,794 $269,812 4.7%
VONG June 30, 2026 2,416 $265,040
QCOM Sept. 30, 2025 1,627 $259,190 11.1%
URNM Dec. 31, 2025 4,150 $250,785 -13.6%
KRP Dec. 31, 2025 18,500 $249,565 24.0%
KWEB Dec. 31, 2025 5,939 $249,497
EFV June 30, 2026 3,249 $241,563
MTCH June 30, 2026 7,807 $239,753 6.0%
BAC June 30, 2025 5,735 $239,322 13.6%
SCHD Dec. 31, 2025 8,728 $238,275 21.1%
AOK Dec. 31, 2025 5,848 $234,845
SCHX June 30, 2026 9,031 $231,545 3.2%
CLS March 31, 2026 780 $230,576 37.5%
HACK June 30, 2025 3,209 $230,380
FTLS Sept. 30, 2025 3,472 $230,124
GIS June 30, 2026 6,156 $229,126 -8.0%
CTSH June 30, 2026 3,665 $224,848 51.1%
LULU June 30, 2026 1,466 $224,445 -17.3%
UMI June 30, 2025 4,300 $223,600
VEA June 30, 2026 3,477 $222,784
JPST Dec. 31, 2025 4,351 $220,726
PAYC June 30, 2026 1,796 $218,302 75.8%
PLTR June 30, 2026 1,485 $217,226 61.8%
VXF March 31, 2026 1,034 $216,230
SCHG March 31, 2026 6,626 $216,144 24.5%
ADBE March 31, 2026 617 $215,944 -2.2%
LYB Sept. 30, 2025 3,730 $215,818 19.5%
IEFA June 30, 2025 2,827 $213,863
DVN June 30, 2025 5,607 $209,720 49.8%
MPLX June 30, 2026 3,674 $209,675 0.1%
LOW June 30, 2026 887 $209,580 -18.0%
META March 31, 2026 317 $209,149 27.3%
GLTR June 30, 2026 950 $207,784
QYLD June 30, 2025 12,371 $205,730
LLY March 31, 2026 190 $204,390 24.3%
ACN June 30, 2026 1,024 $203,049 59.8%
JOBY March 31, 2026 14,404 $190,133 -28.0%
PBR Dec. 31, 2025 15,000 $189,900 82.7%
SEAT (filed as SEATXXXX) Sept. 30, 2025 102,670 $173,512 -78.8%
GDOT June 30, 2026 14,803 $166,090 -7.5%
CHN June 30, 2025 10,700 $137,388 No longer tracked
KNDI June 30, 2025 12,000 $17,040 -26.1%