Sector breakdown

04
Technology 8.3%
Financials 3.9%
Industrials 3.5%
Healthcare 3.2%
Retail 3.0%
Energy 1.7%
Communication Services 1.6%
Consumer Staples 1.1%
Consumer Discretionary 1.0%
Utilities 0.8%
Materials 0.3%
Real Estate 0.2%
Consumer products 0.1%
Other/Unmapped 71.4%

Full portfolio 207 positions

05
Type Streak 8Q trend
VEA VANGUARD TAX-MANAGED FUNDS $40,903,263 6.80% 574,081 $8,416,722 Up ×6
VTI VANGUARD INDEX FUNDS $30,588,898 5.09% 82,664 $4,551,028 Up ×1
VOO VANGUARD INDEX FUNDS $19,645,195 3.27% 28,604 $6,505,764 Up ×6
AIRR First Trust RBA American Industrial Renaissance ETF $14,834,154 2.47% 111,326 $3,857,402 Up ×6
IVV iShares Trust $14,808,751 2.46% 19,774 $1,717,125 Down ×1
LRCX Lam Research Corporation - Common Stock $14,777,554 2.46% 34,102 $8,001,167 Up ×1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $14,386,411 2.39% 333,482 $2,823,304 Up ×6
DECM First Trust Exchange-Traded Fund VIII $13,611,771 2.26% 403,734 $-4,081,675 Down ×1
DXJ WisdomTree Trust $13,200,316 2.20% 76,074 $2,054,308 Up ×4
EFA iShares Trust $13,121,374 2.18% 126,313 $1,196,972 Up ×2
DON WisdomTree Trust $12,629,193 2.10% 223,446 $482,412 Down ×4
XLG Invesco Exchange-Traded Fund Trust $10,614,732 1.77% 173,358 $1,062,905 Down ×3
SDY SPDR SERIES TRUST $9,644,233 1.60% 63,374 $364,280 Down ×3
IJH iShares Trust $9,470,132 1.57% 122,813 $935,933 Down ×1
VYMI Vanguard International High Dividend Yield ETF $9,204,460 1.53% 93,732 $762,323 Up ×6
FFSM FIDELITY COVINGTON TRUST $8,297,887 1.38% 217,165 Up ×1
AVGO Broadcom Inc. - Common Stock $8,225,753 1.37% 21,776 $2,317,120 Up ×2
AAPL Apple Inc. - Common Stock $7,763,956 1.29% 26,831 $1,730,565 Up ×6
VONE Vanguard Russell 1000 ETF $7,381,817 1.23% 21,793 $2,034,328 Up ×4
BUFH First Trust Exchange-Traded Fund VIII $6,920,848 1.15% 323,253 $-63,968 Down ×1
RSP Invesco Exchange-Traded Fund Trust $6,632,255 1.10% 31,171 $545,263 Down ×1
DHS WisdomTree Trust $6,252,645 1.04% 55,000 $269,811 Up ×1
MUB iShares Trust $6,043,194 1.00% 56,153 $278,719 Up ×2
XMHQ Invesco Exchange-Traded Fund Trust $5,924,432 0.99% 52,484 $-5,297,578 Down ×1
BUFD First Trust Exchange-Traded Fund VIII $5,911,577 0.98% 198,909 $2,167,052 Up ×6
DJAN First Trust Exchange-Traded Fund VIII $5,565,151 0.93% 122,246 $272,718 Down ×4
CAT Caterpillar, Inc. Common Stock $5,187,081 0.86% 4,871 $2,033,594 Up ×2
PRF Invesco Exchange-Traded Fund Trust $5,180,220 0.86% 95,877 $420,704 Down ×1
MSFT Microsoft Corporation - Common Stock $4,931,812 0.82% 13,221 $1,019,093 Up ×6
JPM JP Morgan Chase & Co. Common Stock $4,884,059 0.81% 14,921 $1,079,535 Up ×6
Unknown issuer (CUSIP: 30233Q108) $4,812,822 0.80% 35,202 Up ×1
WSM Williams-Sonoma, Inc. Common Stock (DE) $4,724,832 0.79% 20,270 $1,396,860 Up ×6
BSMV Invesco BulletShares 2031 Municipal Bond ETF $4,533,390 0.75% 216,030 $315,758 Up ×6
BSMR Invesco BulletShares 2027 Municipal Bond ETF $4,492,829 0.75% 190,052 $426,447 Up ×6
BSMU Invesco BulletShares 2030 Municipal Bond ETF $4,376,730 0.73% 199,682 $313,003 Up ×6
BSMW Invesco BulletShares 2032 Municipal Bond ETF $4,353,268 0.72% 173,161 $342,984 Up ×6
IBDU iShares Trust $4,249,740 0.71% 183,495 $706,294 Up ×5
IBDX iShares Trust $4,243,259 0.71% 168,450 $765,029 Up ×5
IBDW iShares Trust $4,241,581 0.71% 203,531 $674,899 Up ×5
IBDV iShares Trust $4,234,037 0.70% 194,222 $681,301 Up ×5
BSMS Invesco BulletShares 2028 Municipal Bond ETF $4,218,309 0.70% 179,962 $287,401 Up ×6
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $4,135,660 0.69% 5,880 $509,093
IBDT iShares Trust $4,128,844 0.69% 163,519 $588,234 Up ×5
BSMT Invesco BulletShares 2029 Municipal Bond ETF $4,121,886 0.69% 178,979 $293,052 Up ×6
IBDS iShares Trust $4,103,281 0.68% 169,417 $573,239 Up ×5
ABBV AbbVie Inc. Common Stock $4,080,055 0.68% 16,214 $1,410,399 Up ×6
BSSX Invesco BulletShares 2033 Municipal Bond ETF $4,025,838 0.67% 156,010 $346,714 Up ×5
IBDY iShares Trust $3,895,756 0.65% 151,321 $572,960 Up ×4
JNJ Johnson & Johnson Common Stock $3,875,332 0.64% 15,259 $736,636 Up ×6
IWB iShares Trust $3,868,009 0.64% 9,446 $433,262 Down ×5
IWD iShares Trust $3,737,543 0.62% 15,417 $921,800 Up ×3
SPAB SPDR SERIES TRUST $3,698,911 0.62% 144,942 $464,459 Up ×5
IBDR iShares Trust $3,583,910 0.60% 147,912 $123,919 Up ×5
KMI Kinder Morgan, Inc. Common Stock $3,328,325 0.55% 104,108 $426,372 Up ×6
DNOV First Trust Exchange-Traded Fund VIII $3,297,132 0.55% 64,209 $102,513 Down ×1
QCOM QUALCOMM Incorporated - Common Stock $3,103,981 0.52% 16,797 $1,233,247 Up ×6
BSMQ Invesco BulletShares 2026 Municipal Bond ETF $3,005,237 0.50% 127,638 $44,718 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $2,996,883 0.50% 23,322 $260,283 Up ×6
BAC Bank of America Corporation Common Stock $2,980,896 0.50% 52,315 $482,151 Up ×6
CVX Chevron Corporation Common Stock $2,963,404 0.49% 17,878 $-241,020 Up ×1
IGV iShares Trust $2,930,320 0.49% 32,343 $717,178 Up ×1
MO Altria Group, Inc. $2,836,367 0.47% 39,421 $438,870 Up ×6
MCD McDonald's Corporation Common Stock $2,762,930 0.46% 10,221 $137,293 Up ×6
ABT Abbott Laboratories Common Stock $2,733,069 0.45% 30,120 $2,373,519 Up ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $2,699,688 0.45% 21,328 $483,753 Up ×6
VYM VANGUARD WHITEHALL FUNDS $2,676,181 0.45% 16,935 $-49,562 Down ×1
FDVV FIDELITY COVINGTON TRUST $2,669,315 0.44% 44,275 $362,604 Up ×3
MET MetLife, Inc. Common Stock $2,615,038 0.43% 30,907 $637,517 Up ×6
NVDA NVIDIA Corporation - Common Stock $2,565,675 0.43% 12,823 $788,917 Up ×1
TGT Target Corporation Common Stock $2,552,002 0.42% 19,539 $479,419 Up ×2
VTEB VANGUARD MUNICIPAL BOND FUNDS $2,508,389 0.42% 49,593 $189,452 Up ×2
RSPD Invesco Exchange-Traded Fund Trust $2,492,275 0.41% 44,502 $104,363 Down ×1
KO Coca-Cola Company (The) Common Stock $2,447,256 0.41% 30,113 $661,390 Up ×4
LMT Lockheed Martin Corporation Common Stock $2,421,941 0.40% 4,754 $-195,455 Up ×6
PNC PNC Financial Services Group, Inc. (The) Common Stock $2,416,270 0.40% 9,813 $483,888 Up ×6
BLK BlackRock, Inc. Common Stock $2,376,508 0.40% 2,472 $206,457 Up ×6
OC Owens Corning Inc Common Stock New $2,357,295 0.39% 14,829 $861,862 Up ×6
VZ Verizon Communications Inc. Common Stock $2,281,953 0.38% 53,896 $140,228 Up ×2
HD Home Depot, Inc. (The) Common Stock $2,279,859 0.38% 6,464 $389,375 Up ×6
RDVY First Trust Rising Dividend Achievers ETF $2,196,447 0.37% 27,097 $1,125,749 Up ×1
ITW Illinois Tool Works Inc. Common Stock $2,161,286 0.36% 7,991 $321,485 Up ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,120,919 0.35% 5,103 $902,589 Up ×3
VXF VANGUARD INDEX FUNDS $2,097,027 0.35% 8,517 $1,028,865 Up ×1
DG Dollar General Corporation Common Stock $2,087,171 0.35% 18,132 $133,155 Up ×3
APD Air Products and Chemicals, Inc. Common Stock $2,068,184 0.34% 7,054 $160,873 Up ×6
DFEB First Trust Exchange-Traded Fund VIII $2,055,091 0.34% 40,701 $151,291 Up ×1
FIS Fidelity National Information Services, Inc. Common Stock $2,022,967 0.34% 52,031 $-409,648 Up ×2
FDX FedEx Corporation Common Stock $1,985,870 0.33% 6,342 $-82,823 Up ×3
AMZN Amazon.com, Inc. - Common Stock $1,939,724 0.32% 8,138 $671,985 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $1,919,548 0.32% 8,571 $298,261 Up ×6
KR Kroger Company (The) Common Stock $1,884,388 0.31% 33,935 $-481,519 Up ×6
SCHD SCHWAB STRATEGIC TRUST $1,883,278 0.31% 59,391 $378,875 Up ×1
AOS A.O. Smith Corporation Common Stock $1,858,243 0.31% 29,628 $33,219 Up ×3
BUFR First Trust Exchange-Traded Fund VIII $1,809,955 0.30% 49,547 $71,675 Down ×1
KNG First Trust Exchange-Traded Fund IV $1,808,271 0.30% 35,807 $158,167 Up ×2
DRI Darden Restaurants, Inc. Common Stock $1,793,523 0.30% 8,706 Up ×1
DDEC First Trust Exchange-Traded Fund VIII $1,747,001 0.29% 36,876 $114,132
CSCO Cisco Systems, Inc. - Common Stock $1,746,311 0.29% 14,867 $1,139,558 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $1,730,163 0.29% 4,841 $429,491 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,717,363 0.29% 4,861 $843,742 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
VEA $40,903,263 6.80% up ×6
VOO $19,645,195 3.27% up ×6
AIRR $14,834,154 2.47% up ×6
SDVY $14,386,411 2.39% up ×6
DXJ $13,200,316 2.20% up ×4
VYMI $9,204,460 1.53% up ×6
AAPL $7,763,956 1.29% up ×6
VONE $7,381,817 1.23% up ×4
BUFD $5,911,577 0.98% up ×6
MSFT $4,931,812 0.82% up ×6
JPM $4,884,059 0.81% up ×6
WSM $4,724,832 0.79% up ×6
BSMV $4,533,390 0.75% up ×6
BSMR $4,492,829 0.75% up ×6
BSMU $4,376,730 0.73% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FFSM $8,297,887 217,165 1.38%
Unknown issuer (CUSIP: 30233Q108) $4,812,822 35,202 0.80%
DRI $1,793,523 8,706 0.30%
DPZ $1,195,827 4,039 0.20%
TMUS $1,022,999 6,099 0.17%
PM $874,052 4,831 0.15%
C $758,642 5,420 0.13%
TSM $648,258 1,357 0.11%
IBM $638,164 2,269 0.11%
PANW $589,624 1,729 0.10%
IBDZ $566,405 21,743 0.09%
RTX $545,600 2,876 0.09%
MU $541,362 469 0.09%
TJX $530,669 3,503 0.09%
VGT $523,020 4,376 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VEA Bought more +67K +$8.4M
LRCX Bought more +2K +$8.0M
VOO Bought more +7K +$6.5M
XMHQ Trimmed -56K -$5.3M
VTI Bought more +2K +$4.6M
DECM Trimmed -138K -$4.1M
AIRR Bought more +12K +$3.9M
SDVY Bought more +40K +$2.8M
AVGO Bought more +3K +$2.3M
AMGN Trimmed -6K -$2.2M

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
DAUG June 30, 2025 162,700 $6,312,337
XOM June 30, 2026 34,927 $5,925,742 20.0%
DMAY March 31, 2026 113,880 $5,151,840
MARM March 31, 2026 99,809 $3,299,167
FEBM March 31, 2026 94,006 $2,855,583
IBDQ Dec. 31, 2025 86,121 $2,169,397
HSY June 30, 2026 9,655 $2,007,371 -8.7%
TXN March 31, 2026 10,018 $1,738,027 51.3%
BSMP Dec. 31, 2025 70,070 $1,718,467 No longer tracked
TDVI March 31, 2026 59,958 $1,663,245
CMCSA June 30, 2026 57,036 $1,637,508 -12.1%
NKE June 30, 2026 26,446 $1,396,924 -17.5%
CLX Sept. 30, 2025 11,303 $1,357,191 -34.8%
UPS Sept. 30, 2025 12,006 $1,211,842 11.4%
DMAR March 31, 2026 24,379 $1,015,500
VLO June 30, 2026 2,000 $494,160 56.0%
ECG June 30, 2026 3,543 $418,286 -25.7%
PAA March 31, 2026 22,049 $396,000 6.4%
LNG March 31, 2026 1,946 $378,315 -4.9%
T June 30, 2026 12,575 $364,549 17.4%
XLY June 30, 2025 1,809 $357,205 No longer tracked
XLV June 30, 2025 2,277 $332,465 23.3%
AXON Dec. 31, 2025 443 $317,915 -27.2%
DNOV Sept. 30, 2025 6,823 $304,912
UPRO Sept. 30, 2025 3,264 $298,460
MDU June 30, 2026 14,175 $293,706 -12.3%
KNF June 30, 2026 3,543 $289,285 -39.8%
IVW Sept. 30, 2025 2,588 $284,939 18.7%
XLF June 30, 2025 5,244 $261,204 2.1%
IEFA March 31, 2026 2,795 $250,041
PM Sept. 30, 2025 1,370 $249,606 15.6%
XLY March 31, 2026 2,004 $239,298 No longer tracked
VCIT June 30, 2025 2,876 $235,142
TSCO Dec. 31, 2025 4,056 $230,665 -37.8%
IQLT June 30, 2026 4,895 $226,295
DEM Sept. 30, 2025 4,803 $217,528
IWM June 30, 2025 1,086 $216,646 30.7%
D Sept. 30, 2025 3,802 $214,875 0.2%
XLI June 30, 2025 1,612 $211,285 15.2%
ISRG Sept. 30, 2025 386 $209,756 -12.4%
AMT Dec. 31, 2025 1,074 $206,552 -7.6%
EUAD March 31, 2026 4,871 $205,215
DLN June 30, 2025 2,561 $203,267
XLV March 31, 2026 1,302 $201,550 13.3%
DLY Sept. 30, 2025 11,828 $184,399 -10.9%
NZF June 30, 2026 10,951 $133,383 -13.6%
FSCO Dec. 31, 2025 18,363 $126,888 -18.9%
BTX Sept. 30, 2025 10,900 $80,006 37.6%