Sector breakdown

04
Technology 2.2%
Industrials 1.6%
Materials 1.2%
Healthcare 1.1%
Financials 1.1%
Communication Services 0.8%
Retail 0.6%
Real Estate 0.4%
Energy 0.3%
Consumer Discretionary 0.2%
Consumer Staples 0.2%
Consumer products 0.1%
Utilities 0.1%
Other/Unmapped 90.0%

Full portfolio 425 positions

05
Type Streak 8Q trend
VTI Vanguard Morningstar Total Stock Market ETF $441,782,408 10.78% 1,194,717 $66,606,957 Up ×6
Unknown issuer (CUSIP: 25434V526) $365,714,350 8.92% 7,263,717 Up ×1
DFUS Dimensional ETF Trust $362,515,414 8.85% 4,426,858 $32,371,644 Down ×6
DFAC Dimensional ETF Trust $349,937,547 8.54% 7,886,805 $-68,567,289 Down ×4
DFIV Dimensional ETF Trust $208,299,212 5.08% 3,765,351 $6,326,590 Up ×6
AVUV AMERICAN CENTURY ETF TRUST $191,535,639 4.67% 1,545,016 $22,959,907 Up ×6
DFUV Dimensional ETF Trust $178,381,110 4.35% 3,242,114 $-99,233,293 Down ×6
LRGF iShares Trust $158,677,355 3.87% 2,091,989 $22,765,488 Up ×6
DFIC Dimensional ETF Trust $145,484,501 3.55% 3,901,958 $14,802,914 Up ×5
DFAX Dimensional ETF Trust $141,543,177 3.45% 3,903,563 $-55,812 Down ×6
DFAS Dimensional ETF Trust $100,620,418 2.46% 1,246,691 $6,442,537 Down ×6
AVDE AMERICAN CENTURY ETF TRUST $77,002,542 1.88% 862,580 $-332,792 Down ×6
AVUS AMERICAN CENTURY ETF TRUST $67,416,658 1.65% 527,558 $6,119,325 Down ×1
VOO Vanguard S&P 500 ETF $54,845,838 1.34% 79,660 $12,963,317 Up ×2
DFAT Dimensional ETF Trust $52,827,445 1.29% 758,035 $-37,246,522 Down ×6
DFEM Dimensional ETF Trust $46,039,142 1.12% 1,191,181 $5,538,402 Up ×5
DFAU Dimensional ETF Trust $44,984,635 1.10% 868,094 $7,654,720 Up ×2
EMR Emerson Electric Company Common Stock $36,774,943 0.90% 271,642 $-2,327,777 Down ×3
AAPL Apple Inc. - Common Stock $36,081,751 0.88% 113,711 $5,303,272 Down ×1
SCZ iShares MSCI EAFE Small-Cap ETF $32,571,074 0.79% 394,801 $-1,743,229 Down ×2
DFAI Dimensional ETF Trust $31,686,621 0.77% 768,347 $7,037,016 Up ×6
VEA Vanguard FTSE Developed Markets ETF $27,208,425 0.66% 390,029 $2,248,452 Up ×2
ITOT iShares Trust $25,606,005 0.62% 155,944 $1,596,713 Down ×1
CORO iShares International Country Rotation Active ETF $25,086,020 0.61% 705,853 Up ×1
IVW iShares S&P 500 Growth ETF $21,067,380 0.51% 154,385 $20,380,775 Up ×1
EFV iShares Trust $20,650,757 0.50% 264,652 $1,144,156 Up ×1
AVDV AMERICAN CENTURY ETF TRUST $18,157,925 0.44% 176,120 $-421,455 Up ×4
AVEM AMERICAN CENTURY ETF TRUST $18,076,345 0.44% 198,641 $959,045 Down ×1
PLD Prologis, Inc. Common Stock $17,684,612 0.43% 124,399 $11,391,755 Up ×2
DFAW Dimensional ETF Trust $17,682,894 0.43% 214,260 $4,188,567 Up ×6
IVE iShares Trust $16,153,017 0.39% 69,963
VNQ Vanguard Real Estate ETF $13,847,950 0.34% 141,551 $1,094,714 Up ×6
MSFT Microsoft Corporation - Common Stock $13,526,022 0.33% 34,594 $941,555 Up ×1
LLY Eli Lilly and Company Common Stock $13,393,000 0.33% 11,332 $2,682,083 Down ×4
IVLU iShares Trust $13,336,401 0.33% 316,704 $95,809 Down ×1
SCHA SCHWAB STRATEGIC TRUST $12,843,031 0.31% 374,214 $7,919,803 Up ×1
DFSV Dimensional ETF Trust $12,724,610 0.31% 327,279 $921,137 Up ×1
NVDA NVIDIA Corporation - Common Stock $12,389,529 0.30% 60,873 $2,415,739 Up ×3
SPY SPY $12,201,611 0.30% 16,287 $377,850 Down ×1
AAUS Alpha Architect US Equity ETF $11,921,318 0.29% 198,547 $-25,274,843 Down ×3
VV Vanguard Morningstar Large-Cap ETF $11,896,980 0.29% 34,485 $278,937 Down ×4
IEFA iShares Core MSCI EAFE ETF $11,896,821 0.29% 123,732 $154,933 Up ×1
VXF Vanguard Extended Market ETF $11,835,524 0.29% 49,482 $1,948,354 Up ×2
ESGU iShares ESG Aware MSCI USA ETF $11,439,935 0.28% 69,531 $764,448 Down ×6
SCHG SCHWAB STRATEGIC TRUST $10,867,947 0.27% 316,204 $10,315,348 Up ×1
AMZN Amazon.com, Inc. - Common Stock $10,562,081 0.26% 42,708 $279,314 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $10,561,967 0.26% 29,962 $1,384,556 Up ×2
VWO Vanguard FTSE Emerging Markets ETF $10,036,860 0.24% 170,724 $1,536,369 Up ×2
BAI iShares A.I. Innovation and Tech Active ETF $9,966,367 0.24% 219,427 Up ×1
DFNM Dimensional ETF Trust $9,735,959 0.24% 201,949 $1,244,857 Up ×5
DFAE Dimensional ETF Trust $8,829,310 0.22% 231,497 $4,303,941 Up ×6
SCHF SCHWAB STRATEGIC TRUST $8,576,397 0.21% 316,823 $7,906,253 Up ×2
AEM Agnico Eagle Mines Limited Common Stock $8,455,753 0.21% 58,921 $-4,793,935 Down ×4
B Barrick Mining Corporation Common Shares $8,367,479 0.20% 232,818 $-1,901,698 Down ×3
SHLD Global X Funds $8,254,039 0.20% 136,498 Up ×1
SCHD SCHWAB STRATEGIC TRUST $8,152,027 0.20% 250,369 $492,826 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $7,471,687 0.18% 15,038 $-1,141,613 Down ×2
SCHV SCHWAB STRATEGIC TRUST $7,371,200 0.18% 215,406 $6,738,821 Up ×1
DCOR Dimensional ETF Trust $7,086,740 0.17% 86,025 $630,564
HMY Harmony Gold Mining Company Limited $7,017,658 0.17% 468,156 $-744,368
AVMU AMERICAN CENTURY ETF TRUST $6,688,419 0.16% 144,818 $11,585
META Meta Platforms, Inc. - Class A Common Stock $6,669,204 0.16% 10,155 $1,083,547 Up ×1
AVIG AMERICAN CENTURY ETF TRUST $6,069,685 0.15% 148,512 $-107,672
BAC Bank of America Corporation Common Stock $6,043,297 0.15% 101,568 $1,022,693 Up ×1
THRO iShares U.S. Thematic Rotation Active ETF $5,975,746 0.15% 139,457 Up ×1
IALT iShares Systematic Alternatives Active ETF $5,914,308 0.14% 208,544 Up ×1
EFSC Enterprise Financial Services Corporation - Common Stock $5,777,076 0.14% 87,704 $422,006 Down ×1
CDE Coeur Mining, Inc. Common Stock $5,633,291 0.14% 361,340 $-1,837,050 Down ×1
XOM Exxon Mobil Corporation Common Stock $5,494,969 0.13% 38,025 $-569,429 Down ×5
VB Vanguard Morningstar Small-Cap ETF $5,333,438 0.13% 18,007 $160,998 Down ×1
IWB iShares Russell 1000 ETF $5,276,796 0.13% 12,870 $1,486,477 Up ×1
WMT Walmart Inc. - Common Stock $5,221,513 0.13% 45,491 $-1,718,008 Down ×1
EMGF iShares, Inc. $5,186,217 0.13% 75,086 Up ×1
VCRB Vanguard Core Bond ETF $5,070,157 0.12% 66,485 $2,886,194 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $4,953,074 0.12% 14,125 $-400,149 Down ×1
QQQ Invesco QQQ Trust, Series 1 $4,918,031 0.12% 6,910 $802,149 Up ×2
AVGO Broadcom Inc. - Common Stock $4,895,347 0.12% 12,747 $471,889 Up ×3
IEMG iShares, Inc. $4,882,801 0.12% 62,209 $342,833 Up ×1
GOVT iShares Trust $4,785,381 0.12% 212,495 Up ×1
DFLV Dimensional ETF Trust $4,784,650 0.12% 119,407 $275,712 Down ×1
CMF iShares Trust $4,610,959 0.11% 80,435 Up ×1
IMO CUSIP: 453038408 $4,568,622 0.11% 36,951 $-259,997 Down ×1
VEU Vanguard FTSE All World Ex US ETF $4,486,574 0.11% 54,714 $2,677,052 Up ×2
VTEB Vanguard Tax-Exempt Bond ETF $4,402,285 0.11% 87,573 Up ×1
LMUB iShares Trust $4,338,804 0.11% 85,460 Up ×1
SCHM SCHWAB STRATEGIC TRUST $4,235,510 0.10% 119,715 $3,783,707 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $4,143,455 0.10% 9,656 $1,135,887 Down ×6
WPM Wheaton Precious Metals Corp Common Shares (Canada) $4,135,604 0.10% 38,353 $-1,570,368 Down ×4
SCHE SCHWAB STRATEGIC TRUST $4,059,098 0.10% 113,288 $3,748,690 Up ×1
ABBV AbbVie Inc. Common Stock $4,023,748 0.10% 16,225 $443,605 Down ×1
AVSF AMERICAN CENTURY ETF TRUST $3,966,752 0.10% 85,675 $-35,127
TSLA Tesla, Inc. - Common Stock $3,851,050 0.09% 9,755 $1,083,179 Up ×3
AVIV AMERICAN CENTURY ETF TRUST $3,847,653 0.09% 49,165 $-11,308
UNP Union Pacific Corporation Common Stock $3,836,648 0.09% 13,270 $490,929 Down ×1
FNV Franco-Nevada Corporation $3,798,283 0.09% 18,945 $-1,339,082 Down ×4
JNJ Johnson & Johnson Common Stock $3,686,041 0.09% 14,300 $-79,370 Down ×2
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF $3,654,042 0.09% 147,281 $-34,566
SCHC SCHWAB STRATEGIC TRUST $3,619,208 0.09% 75,668 Up ×1
VMBS Vanguard Mortgage-Backed Securities ETF $3,568,384 0.09% 77,171 Up ×1
BNDX Vanguard Total International Bond ETF $3,536,444 0.09% 73,845 $2,735,805 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
VTI $441,782,408 10.78% up ×6
DFIV $208,299,212 5.08% up ×6
AVUV $191,535,639 4.67% up ×6
LRGF $158,677,355 3.87% up ×6
DFIC $145,484,501 3.55% up ×5
DFEM $46,039,142 1.12% up ×5
DFAI $31,686,621 0.77% up ×6
AVDV $18,157,925 0.44% up ×4
DFAW $17,682,894 0.43% up ×6
VNQ $13,847,950 0.34% up ×6
NVDA $12,389,529 0.30% up ×3
DFNM $9,735,959 0.24% up ×5
DFAE $8,829,310 0.22% up ×6
VCRB $5,070,157 0.12% up ×3
AVGO $4,895,347 0.12% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 25434V526) $365,714,350 7,263,717 8.92%
CORO $25,086,020 705,853 0.61%
IVE $16,153,017 69,963 0.39%
BAI $9,966,367 219,427 0.24%
SHLD $8,254,039 136,498 0.20%
THRO $5,975,746 139,457 0.15%
IALT $5,914,308 208,544 0.14%
EMGF $5,186,217 75,086 0.13%
GOVT $4,785,381 212,495 0.12%
CMF $4,610,959 80,435 0.11%
VTEB $4,402,285 87,573 0.11%
LMUB $4,338,804 85,460 0.11%
SCHC $3,619,208 75,668 0.09%
VMBS $3,568,384 77,171 0.09%
SCHH $3,079,512 128,099 0.08%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DFUV Trimmed -2.3M -$99.2M
DFAC Trimmed -2.4M -$68.6M
VTI Bought more +75K +$66.6M
DFAT Trimmed -636K -$37.2M
DFUS Trimmed -31K +$32.4M
AAUS Trimmed -483K -$25.3M
AVUV Bought more +76K +$23.0M
LRGF Bought more +112K +$22.8M
DFIC Bought more +403K +$14.8M
VOO Bought more +13K +$13.0M

1 position 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
BUSE Dec. 31, 2025 1,297,225 $30,030,759 24.0%
GOLD June 30, 2025 260,299 $5,060,213 87.7%
VLUE Dec. 31, 2025 11,597 $1,450,205
SAND Dec. 31, 2025 90,364 $1,131,357 No longer tracked
MSTR Dec. 31, 2025 2,478 $798,436 8.2%
AFL June 30, 2026 5,774 $639,182 -4.2%
TLT Dec. 31, 2025 6,638 $593,238
IVE Sept. 30, 2025 2,928 $572,093
SHOP June 30, 2025 5,767 $550,633 38.8%
HON June 30, 2026 2,038 $478,922 -4.4%
COR June 30, 2026 1,468 $470,964 11.3%
PNC Sept. 30, 2025 2,477 $461,762 9.6%
LYB March 31, 2026 10,164 $440,101 -26.5%
TEAM Sept. 30, 2025 2,122 $430,957 23.1%
FISV June 30, 2025 1,851 $408,756 -73.2%
COIN Dec. 31, 2025 1,187 $400,601 -16.8%
COR June 30, 2025 1,314 $365,410 5.0%
APD Sept. 30, 2025 1,294 $364,986 2.5%
IWD June 30, 2026 1,632 $362,162
GIS Sept. 30, 2025 6,940 $359,565 -37.2%
NOW March 31, 2026 2,227 $341,154 30.2%
VIG June 30, 2026 1,518 $336,191
ACN March 31, 2026 1,226 $328,919 -1.6%
MGV June 30, 2026 2,202 $327,548
BNY March 31, 2026 32,122 $325,717
BX March 31, 2026 2,050 $315,950 -2.9%
U Dec. 31, 2025 7,861 $314,754 3.4%
BRBR Sept. 30, 2025 5,383 $311,837 -78.7%
MUB Sept. 30, 2025 2,820 $294,634
NOC June 30, 2026 434 $292,260 -6.5%
TIP June 30, 2025 2,593 $288,066
UBER June 30, 2026 4,047 $285,233 -3.7%
RCL June 30, 2026 1,027 $284,417 -13.4%
NKE June 30, 2026 6,625 $282,348 -17.3%
CME June 30, 2026 936 $276,401 22.3%
COF March 31, 2026 1,118 $270,958 7.0%
ZTS June 30, 2025 1,628 $268,050 -54.2%
MAIN June 30, 2026 5,025 $266,727 6.0%
INTU June 30, 2026 755 $264,960 9.1%
ISRG Sept. 30, 2025 483 $262,467 -9.1%
SNPS Dec. 31, 2025 529 $261,003 4.0%
FBRT June 30, 2025 20,000 $254,800 -42.3%
GBDC June 30, 2026 20,000 $254,200 -3.9%
RIOT Dec. 31, 2025 13,192 $251,044 52.5%
CNQ Sept. 30, 2025 7,970 $250,258 51.2%
DUSB June 30, 2025 4,932 $250,200
FTNT Sept. 30, 2025 2,342 $247,596 119.0%
ADI Sept. 30, 2025 1,029 $244,923 70.6%
ETHU Dec. 31, 2025 1,875 $243,488
ISRG March 31, 2026 429 $242,968 -11.8%
IUSV June 30, 2025 2,577 $237,833
UPS Sept. 30, 2025 2,334 $235,622 11.5%
TMUS Dec. 31, 2025 983 $235,311 -18.9%
CARR Sept. 30, 2025 3,212 $235,086 -6.6%
LBRDK Sept. 30, 2025 2,371 $233,259 No longer tracked
MUJ Dec. 31, 2025 20,000 $231,800 -6.7%
ADBE March 31, 2026 654 $228,893 -1.8%
PRFZ Sept. 30, 2025 5,617 $228,443
VRTX June 30, 2025 469 $227,381 13.1%
GD Dec. 31, 2025 664 $226,424 -1.5%
MARA Dec. 31, 2025 12,295 $224,507 24.4%
TGT Sept. 30, 2025 2,250 $221,931 70.6%
VCRB June 30, 2025 2,846 $220,366
APP June 30, 2026 563 $220,347 -45.3%
CEG March 31, 2026 623 $220,087 -4.2%
RFMZ Dec. 31, 2025 16,812 $219,397 -7.8%
BSX June 30, 2026 3,538 $218,613 -0.7%
ANET Dec. 31, 2025 1,498 $218,274 57.9%
MYI March 31, 2026 20,000 $217,400 -9.2%
HOOD Dec. 31, 2025 1,517 $217,204 0.9%
TSCO March 31, 2026 4,335 $216,793 -30.6%
MVT March 31, 2026 20,000 $216,200 No longer tracked
LNG June 30, 2026 813 $215,884 15.0%
PPG June 30, 2026 1,955 $215,695 -13.2%
SPYV March 31, 2026 3,791 $215,388 9.1%
AMP March 31, 2026 439 $215,259 11.4%
AXON Dec. 31, 2025 299 $214,574 -27.5%
FWONA Sept. 30, 2025 2,253 $213,945 -8.1%
KD Dec. 31, 2025 7,124 $213,934 -56.3%
ROP March 31, 2026 480 $213,662 2.7%
MRSH Sept. 30, 2025 971 $212,299 -15.4%
AMT Dec. 31, 2025 1,096 $210,783 -7.6%
CDNS March 31, 2026 674 $210,679 27.2%
CPRT June 30, 2025 3,714 $210,175 -43.7%
SBUX June 30, 2025 2,130 $208,950 3.1%
HUT Dec. 31, 2025 6,000 $208,860 94.3%
LNG Sept. 30, 2025 847 $206,261 17.0%
VSS March 31, 2026 1,437 $205,965
GEHC March 31, 2026 2,510 $205,855 -7.6%
OTIS June 30, 2025 1,984 $204,749 -33.5%
CARR June 30, 2026 3,220 $203,955 -24.0%
KR Sept. 30, 2025 2,829 $202,924 -12.8%
MSI Dec. 31, 2025 443 $202,579 18.8%
VFH Sept. 30, 2025 1,586 $201,898
ARCC June 30, 2026 11,135 $201,432 1.6%
CLSK Dec. 31, 2025 11,100 $160,950 23.3%
HIVE Dec. 31, 2025 35,000 $141,050 12.4%
MYI June 30, 2025 10,000 $109,900 -9.1%
NMCO Sept. 30, 2025 10,000 $107,300 -20.7%
STLA Sept. 30, 2025 10,000 $100,300 -51.9%
APPS Dec. 31, 2025 15,000 $96,000 124.2%
HL Dec. 31, 2025 10,000 $53,000 -11.4%
NAK Sept. 30, 2025 37,241 $49,903 No longer tracked
PPTA Dec. 31, 2025 10,000 $46,661 -16.0%
BTBT Dec. 31, 2025 15,500 $46,500 -18.5%
ETHU (filed as ETHUXXXX) June 30, 2025 13,000 $23,855
UEC Dec. 31, 2025 10,000 $8,919 No longer tracked
GORO Dec. 31, 2025 20,000 $6,876 No longer tracked
RC June 30, 2025 60,000 $3,000 -74.8%