Sector breakdown

04
Technology 27.3%
Industrials 10.3%
Communication Services 8.3%
Healthcare 7.6%
Financials 7.0%
Retail 5.5%
Energy 2.9%
Utilities 1.8%
Consumer Staples 1.7%
Real Estate 1.4%
Consumer Discretionary 1.1%
Consumer products 1.0%
Materials 0.9%
Other/Unmapped 23.2%

Full portfolio 227 positions

05
Type Streak 8Q trend
GLD SPDR Gold Shares $35,432,263 5.81% 96,184 $-6,156,988 Down ×4
NVDA NVIDIA Corporation - Common Stock $32,248,781 5.29% 161,171 $2,918,183 Down ×3
AAPL Apple Inc. - Common Stock $25,789,250 4.23% 89,125 $240,943 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $23,807,864 3.90% 67,381 $2,864,980 Down ×3
TFLO iShares Treasury Floating Rate Bond ETF $22,177,429 3.64% 438,029 $4,998,568 Up ×3
TIP iShares TIPS Bond ETF $18,961,265 3.11% 173,273 Up ×1
MSFT Microsoft Corporation - Common Stock $18,623,472 3.05% 49,926 $-6,114,798 Down ×1
SHY iShares 1-3 Year Treasury Bond ETF $18,558,703 3.04% 226,022 $1,552,750 Up ×3
AMZN Amazon.com, Inc. - Common Stock $16,397,316 2.69% 68,798 $-192,432 Down ×2
EFAV iShares Trust $14,864,478 2.44% 169,473 $-1,076,481 Down ×4
SSO ProShares Ultra S&P500 $14,850,351 2.43% 220,397 $3,070,270 Down ×2
AVGO Broadcom Inc. - Common Stock $13,687,193 2.24% 36,233 $1,591,733 Down ×2
LLY Eli Lilly and Company Common Stock $11,601,029 1.90% 9,672 $3,522,602 Up ×1
MU Micron Technology, Inc. - Common Stock $10,169,331 1.67% 8,810 $8,309,174 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $9,599,635 1.57% 17,042 $-3,406,636 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $9,177,217 1.50% 15,798 $6,654,684 Up ×1
GEV GE Vernova Inc. Common Stock $7,304,115 1.20% 6,217 $4,914,982 Up ×4
CAT Caterpillar, Inc. Common Stock $7,228,596 1.19% 6,788 $5,975,300 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $6,893,299 1.13% 14,434 $5,632,370 Up ×2
JNJ Johnson & Johnson Common Stock $6,651,398 1.09% 26,190 $1,505 Down ×2
XOM Exxon Mobil Corporation Common Stock $6,363,650 1.04% 46,545 $-1,121,371 Up ×1
JPM JP Morgan Chase & Co. Common Stock $6,092,451 1.00% 18,613 $-214,453 Down ×2
V Visa Inc. $6,091,978 1.00% 17,756 $103,953 Down ×5
SHYG iShares Trust $6,091,095 1.00% 143,624
UNH UnitedHealth Group Incorporated Common Stock (DE) $5,902,199 0.97% 14,201 $3,997,954 Up ×1
RTX RTX Corporation Common Stock $5,865,804 0.96% 30,917 $1,644,891 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $5,477,057 0.90% 7,177 $3,270,459 Up ×1
USMV iShares MSCI USA Min Vol Factor ETF $5,424,525 0.89% 56,236 $-3,960,949 Down ×4
INTC Intel Corporation - Common Stock $5,415,550 0.89% 38,785 $5,185,632 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $5,051,212 0.83% 33,341 $-126,942 Up ×1
WELL Welltower Inc. Common Stock $4,666,578 0.77% 20,560 $613,273 Up ×1
AMAT Applied Materials, Inc. - Common Stock $4,421,237 0.72% 6,115 $2,286,035 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $4,328,568 0.71% 12,693 $2,964,244 Up ×1
CVX Chevron Corporation Common Stock $4,230,760 0.69% 25,523 $-752,039 Up ×1
LRCX Lam Research Corporation - Common Stock $4,139,239 0.68% 9,552 $1,989,367 Down ×2
PM Philip Morris International Inc Common Stock $4,094,310 0.67% 22,632 $293,392 Down ×2
PG Procter & Gamble Company (The) Common Stock $4,006,724 0.66% 27,324 $25,473 Down ×4
GLW Corning Incorporated Common Stock $3,576,035 0.59% 14,000 $3,351,004 Up ×1
NFLX Netflix, Inc. - Common Stock $3,572,142 0.59% 50,030 $-1,742,166 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $3,465,681 0.57% 18,755 $2,163,015 Up ×1
GE GE Aerospace Common Stock $3,430,497 0.56% 9,179 $893,012 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $3,346,886 0.55% 28,494 $1,002,998 Down ×2
APH Amphenol Corporation Common Stock $2,920,420 0.48% 16,563 $882,885 Up ×1
WMT Walmart Inc. - Common Stock $2,870,750 0.47% 25,347 $-451,542 Down ×2
ABBV AbbVie Inc. Common Stock $2,854,481 0.47% 11,344 $443,314 Up ×1
BAC Bank of America Corporation Common Stock $2,827,464 0.46% 49,622 $429,568 Up ×1
LIN Linde plc - Ordinary Shares $2,755,238 0.45% 5,309 $153,821 Up ×1
ROST Ross Stores, Inc. - Common Stock $2,736,614 0.45% 12,857 $-33,868 Up ×1
KO Coca-Cola Company (The) Common Stock $2,679,083 0.44% 32,965 $148,684 Down ×3
AME AMETEK, Inc. $2,640,776 0.43% 10,915 $311,968 Up ×3
PPL PPL Corporation Common Stock $2,593,515 0.43% 71,348 $88,756 Up ×1
COST Costco Wholesale Corporation - Common Stock $2,562,281 0.42% 2,739 $-393,150 Down ×2
ETN Eaton Corporation, PLC Ordinary Shares $2,488,190 0.41% 5,839 $412,582 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $2,413,787 0.40% 20,689 $393,952 Up ×2
WFC Wells Fargo & Company Common Stock $2,386,399 0.39% 28,877 $200,565 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $2,361,692 0.39% 2,335 $808,365 Up ×1
LNG Cheniere Energy, Inc. Common Stock $2,254,105 0.37% 9,431 Up ×1
HWM Howmet Aerospace Inc. Common Stock $2,237,466 0.37% 8,322 $887,422 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $2,231,792 0.37% 7,492
BA Boeing Company (The) Common Stock $2,223,365 0.36% 10,271 $1,164,923 Up ×1
HD Home Depot, Inc. (The) Common Stock $2,186,401 0.36% 6,199 $334,990 Up ×1
ABT Abbott Laboratories Common Stock $2,104,313 0.34% 23,191 $112,073 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $2,101,509 0.34% 16,354 $184,589 Up ×1
ORCL Oracle Corporation Common Stock $2,079,853 0.34% 14,192 $-136,336 Down ×1
PKG Packaging Corporation of America Common Stock $1,971,768 0.32% 8,275 $204,612 Down ×2
MCK McKesson Corporation Common Stock $1,969,106 0.32% 2,606 $-161,420 Up ×1
SUB iShares Short-Term National Muni Bond ETF $1,880,474 0.31% 17,662 $1,639,145 Up ×1
ADI Analog Devices, Inc. - Common Stock $1,866,388 0.31% 4,699 $221,861 Down ×2
HBAN Huntington Bancshares Incorporated - Common Stock $1,735,070 0.28% 97,861 $260,210 Up ×1
ANET Arista Networks, Inc. Common Stock $1,695,573 0.28% 9,981 $502,641 Up ×1
T AT&T Inc. $1,687,989 0.28% 81,545 $-543,632 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $1,668,656 0.27% 9,948 $-1,439,497 Down ×1
IBM International Business Machines Corporation Common Stock $1,662,057 0.27% 5,910 $382,412 Up ×1
CRM Salesforce, Inc. Common Stock $1,658,266 0.27% 10,585 $-133,033 Up ×3
PLD Prologis, Inc. Common Stock $1,629,183 0.27% 12,026 $38,537 Down ×1
COF Capital One Financial Corporation Common Stock $1,617,255 0.27% 8,061 $230,022 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $1,603,707 0.26% 7,161 $-154,816 Down ×2
C Citigroup, Inc. Common Stock $1,551,823 0.25% 11,088 $290,538 Down ×2
FAST Fastenal Company - Common Stock $1,544,661 0.25% 32,160 $163,987 Up ×1
MCD McDonald's Corporation Common Stock $1,536,923 0.25% 5,686 $-79,709 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $1,527,154 0.25% 3,046 $106,133 Up ×1
EOG EOG Resources, Inc. Common Stock $1,506,138 0.25% 11,610 $-39,402 Up ×1
TXN Texas Instruments Incorporated - Common Stock $1,493,449 0.24% 5,010 $242,156 Down ×2
SCHW Charles Schwab Corporation (The) Common Stock $1,483,009 0.24% 16,072 $105,605 Up ×1
NDAQ Nasdaq, Inc. - Common Stock $1,457,856 0.24% 18,496 $-149,282 Down ×2
COP ConocoPhillips Common Stock $1,398,389 0.23% 13,451 $-202,376 Up ×1
PEP PepsiCo, Inc. - Common Stock $1,390,294 0.23% 10,268 $-157,758 Up ×1
CMS CMS Energy Corporation Common Stock $1,379,278 0.23% 18,030 $83,045 Up ×1
AXP American Express Company Common Stock $1,370,622 0.22% 4,052 $171,270 Up ×1
MLM Martin Marietta Materials, Inc. Common Stock $1,369,682 0.22% 2,375 $2,162 Up ×1
AJG Arthur J. Gallagher & Co. Common Stock $1,363,686 0.22% 5,940 $238,962 Up ×4
DIS Walt Disney Company (The) Common Stock $1,361,864 0.22% 14,149 $13,389 Up ×1
SYK Stryker Corporation Common Stock $1,347,855 0.22% 4,281 $161,299 Up ×1
UPS United Parcel Service, Inc. Common Stock $1,328,270 0.22% 12,356 $123,016 Up ×1
DHR Danaher Corporation Common Stock $1,294,522 0.21% 6,796 $190,659 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $1,285,866 0.21% 10,178 $-85,066 Up ×1
ODFL Old Dominion Freight Line, Inc. - Common Stock $1,245,053 0.20% 5,748 $133,785 Up ×1
PFE Pfizer, Inc. Common Stock $1,210,969 0.20% 50,289 $-100,963 Up ×1
AMGN Amgen Inc. - Common Stock $1,201,291 0.20% 3,317 $118,190 Up ×1
TT Trane Technologies plc $1,199,454 0.20% 2,442 $182,165 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
TFLO $22,177,429 3.64% up ×3
SHY $18,558,703 3.04% up ×3
GEV $7,304,115 1.20% up ×4
AME $2,640,776 0.43% up ×3
ABT $2,104,313 0.34% up ×3
CRM $1,658,266 0.27% up ×3
AJG $1,363,686 0.22% up ×4
PWR $992,216 0.16% up ×3
BMY $708,381 0.12% up ×3
CAH $690,112 0.11% up ×3
EA $487,176 0.08% up ×3
ADSK $313,989 0.05% up ×3
INTU $251,082 0.04% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TIP $18,961,265 173,273 3.11%
SHYG $6,091,095 143,624 1.00%
LNG $2,254,105 9,431 0.37%
MRVL $2,231,792 7,492 0.37%
COHR $852,845 2,162 0.14%
LITE $561,172 654 0.09%
Unknown issuer (CUSIP: 438516205) $508,142 2,270 0.08%
Unknown issuer (CUSIP: 43849R105) $480,850 2,175 0.08%
FTNT $364,541 2,373 0.06%
NXPI $243,091 865 0.04%
FFIV $236,682 569 0.04%
ABNB $216,797 1,515 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Bought more +3K +$6.7M
GLD Trimmed -470 -$6.2M
MSFT Trimmed -17K -$6.1M
TFLO Bought more +99K +$5.0M
GEV Bought more +3K +$4.9M
UNH Bought more +7K +$4.0M
USMV Trimmed -45K -$4.0M
LLY Bought more +889 +$3.5M
META Trimmed -6K -$3.4M
CRWD Bought more +2K +$3.3M

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
STIP June 30, 2026 121,334 $12,549,577
IEI June 30, 2026 91,782 $10,885,346
SGOV June 30, 2025 75,218 $7,572,197 0.0%
MEAR June 30, 2026 111,610 $5,618,448
FLOT June 30, 2025 91,484 $4,670,259
CBSH June 30, 2025 68,902 $4,287,772 -11.3%
DIS June 30, 2025 40,259 $3,973,564 -16.5%
MRK June 30, 2025 42,255 $3,792,809 76.3%
GGG Sept. 30, 2025 40,668 $3,496,229 -7.2%
TDY June 30, 2025 6,614 $3,291,855 21.0%
ADC June 30, 2025 41,368 $3,193,197 -10.2%
MDT Sept. 30, 2025 35,581 $3,101,597 -7.6%
HLT June 30, 2025 12,983 $2,954,283 18.7%
HES Sept. 30, 2025 21,107 $2,924,164 No longer tracked
SHYG June 30, 2025 65,133 $2,769,456
WTW June 30, 2025 7,374 $2,492,044 -6.0%
JNPR Sept. 30, 2025 59,650 $2,381,825 No longer tracked
FE Sept. 30, 2025 52,739 $2,123,274 -4.8%
USIG June 30, 2025 37,036 $1,891,799
DGX Sept. 30, 2025 10,506 $1,887,193 21.8%
EBAY Sept. 30, 2025 23,354 $1,738,940 17.8%
WH June 30, 2025 17,915 $1,621,488 -12.3%
MTUM June 30, 2025 7,110 $1,437,145
WCN Sept. 30, 2025 6,247 $1,166,440 -12.2%
MRVL Sept. 30, 2025 15,047 $1,164,639 222.6%
BLK June 30, 2025 1,180 $1,116,847 1.6%
KKR June 30, 2026 11,372 $1,051,922 -2.0%
PAYX June 30, 2026 11,412 $1,051,237 1.5%
LOW June 30, 2026 4,361 $1,030,454 -18.6%
FRT June 30, 2026 9,562 $1,015,577 -14.2%
LEN June 30, 2026 11,410 $990,867 -17.7%
VRT June 30, 2025 13,359 $964,520 97.5%
DOX Sept. 30, 2025 10,413 $950,083 -28.8%
DASH June 30, 2026 6,283 $943,393 3.9%
HON June 30, 2026 4,170 $942,614 -4.4%
EMHY June 30, 2025 24,350 $930,901
USFR Dec. 31, 2025 17,581 $883,797 0.2%
PFF June 30, 2025 28,436 $873,839
FISV June 30, 2026 15,491 $864,399 -5.9%
IBM June 30, 2025 3,324 $826,546 -24.8%
VMC June 30, 2025 3,309 $771,990 -5.8%
GS June 30, 2025 1,408 $769,177 26.2%
FDX Sept. 30, 2025 3,363 $764,445 22.6%
ELV Sept. 30, 2025 1,952 $759,250 22.1%
HSY Sept. 30, 2025 4,468 $741,465 -13.9%
BDX Sept. 30, 2025 3,992 $687,622 22.8%
UAL June 30, 2025 9,192 $634,708 38.1%
GD June 30, 2025 2,274 $619,847 13.7%
WAB Sept. 30, 2025 2,870 $600,835 45.6%
CRM June 30, 2025 2,187 $586,904 -15.7%
PTC June 30, 2025 3,772 $584,472 11.6%
ITW Sept. 30, 2025 2,294 $567,192 1.3%
KEYS June 30, 2025 3,762 $563,435 134.5%
REGN Sept. 30, 2025 1,043 $547,575 29.2%
AVB Sept. 30, 2025 2,580 $525,030 No longer tracked
CSX June 30, 2025 16,190 $476,472 45.4%
COP June 30, 2025 4,383 $460,303 43.1%
MRSH June 30, 2025 1,850 $451,456 -22.0%
GOOGL June 30, 2025 2,872 $444,111 96.6%
TSCO June 30, 2025 7,833 $431,599 -40.5%
PFE June 30, 2025 16,088 $407,670 13.1%
TXN June 30, 2025 2,108 $378,808 42.0%
NWS June 30, 2025 12,095 $367,326 -6.7%
CB June 30, 2025 1,150 $347,289 14.1%
TKO June 30, 2025 2,107 $321,971 -2.7%
K Dec. 31, 2025 3,879 $318,156 No longer tracked
SNA Sept. 30, 2025 1,005 $312,737 6.0%
NVS Sept. 30, 2025 2,502 $302,768 9.9%
KLAC June 30, 2025 437 $297,073 -76.9%
FWONA Sept. 30, 2025 2,853 $270,921 -8.1%
TW June 30, 2025 1,779 $264,111 -26.8%
FFIV Sept. 30, 2025 859 $252,821 41.9%
MUB June 30, 2025 2,382 $251,159
COF June 30, 2025 1,398 $250,662 -8.3%
AVY March 31, 2026 1,374 $249,904 -1.6%
AGNC June 30, 2025 25,112 $240,573 -5.9%
AZN Sept. 30, 2025 3,431 $239,759 2.0%
WM Sept. 30, 2025 1,039 $237,744 -6.4%
HUBB Sept. 30, 2025 579 $236,470 11.7%
TYL June 30, 2026 685 $234,531 12.3%
PSA March 31, 2026 890 $230,955 4.0%
ZTS Dec. 31, 2025 1,569 $229,577 -43.2%
TSN June 30, 2025 3,593 $229,270 -7.6%
SHEL June 30, 2025 3,120 $228,634 37.1%
STE June 30, 2025 1,005 $227,784 -12.1%
ROL June 30, 2026 4,254 $227,207 -28.9%
PSTG Sept. 30, 2025 3,893 $224,159 No longer tracked
MCO June 30, 2025 480 $223,532 -10.7%
BRO June 30, 2025 1,788 $222,428 -45.0%
CDNS March 31, 2026 710 $221,932 27.2%
ADSK June 30, 2025 847 $221,745 -28.4%
REG June 30, 2025 3,004 $221,576 0.1%
DT June 30, 2025 4,696 $221,417 9.1%
HOLX June 30, 2026 2,928 $221,328 No longer tracked
LYB Sept. 30, 2025 3,825 $221,315 20.8%
BKNG June 30, 2025 48 $221,132 -97.3%
PSA June 30, 2025 737 $220,577 -4.0%
OKE June 30, 2025 2,223 $220,567 8.5%
RMD June 30, 2026 982 $220,440 14.4%
MSI Sept. 30, 2025 524 $220,322 -0.4%
PTC June 30, 2026 1,546 $220,290 69.2%
IWF June 30, 2025 602 $217,363 20.9%
APTV June 30, 2026 3,127 $217,139 -28.5%
UNP June 30, 2025 917 $216,633 20.4%
VMC Dec. 31, 2025 701 $215,642 -13.9%
SCHW June 30, 2025 2,749 $215,192 7.4%
PH June 30, 2025 354 $215,179 39.7%
FTNT June 30, 2025 2,224 $214,083 74.2%
TEL March 31, 2026 937 $213,177 4.7%
WDAY Dec. 31, 2025 876 $210,880 -12.0%
QCOM June 30, 2025 1,369 $210,293 13.5%
WMB Dec. 31, 2025 3,318 $210,196 17.8%
PLTR June 30, 2025 2,474 $208,806 38.9%
ESMV March 31, 2026 7,230 $208,472
SNY Sept. 30, 2025 4,304 $207,927 -16.3%
JKHY March 31, 2026 1,137 $207,480 -8.2%
GBTC March 31, 2026 3,033 $207,336 25.5%
CI Dec. 31, 2025 716 $206,387 -1.4%
ABNB March 31, 2026 1,515 $205,616 29.9%
VEEV Dec. 31, 2025 688 $204,963 27.0%
UNP Dec. 31, 2025 860 $203,279 19.8%
TM March 31, 2026 943 $201,776 -10.7%
AXP June 30, 2025 749 $201,519 -4.7%
DOW June 30, 2025 5,755 $200,965 7.7%
STGW Sept. 30, 2025 23,705 $106,673 51.5%