Sector breakdown

04
Financials 4.6%
Technology 1.0%
Communication Services 0.9%
Healthcare 0.7%
Consumer Discretionary 0.3%
Industrials 0.2%
Other/Unmapped 92.3%

Full portfolio 53 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $28,781,521 24.92% 395,949 $-24,696,680 Down ×1
DUSA Davis Fundamental ETF Trust $7,697,058 6.66% 166,315 $2,449,801 Up ×2
FELC Fidelity Covington Trust $7,542,791 6.53% 218,695 Up ×1
MTBA Simplify Exchange Traded Funds $6,166,079 5.34% 123,100 $1,452,919 Up ×2
ARKW ARK ETF Trust $5,882,896 5.09% 39,852 $-6,367,072 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $5,366,787 4.65% 11,048 $-650,302 Down ×1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $4,917,221 4.26% 139,377 $1,400,659 Up ×1
SPYG SPDR SERIES TRUST $3,583,458 3.10% 37,594 $-3,516,685 Down ×2
BILS SPDR SERIES TRUST $3,353,933 2.90% 33,732 $1,673,636 Up ×1
ADX Adams Diversified Equity Fund Inc. $3,242,671 2.81% 149,363 $-199,646 Down ×2
VTI VANGUARD INDEX FUNDS $3,024,407 2.62% 9,951 $73,175 Down ×2
CWI SPDR INDEX SHARES FUNDS $2,510,354 2.17% 76,863 $-315,442 Down ×1
JAVA J.P. Morgan Exchange-Traded Fund Trust $2,133,794 1.85% 32,577 $-59,162 Down ×1
XMHQ Invesco Exchange-Traded Fund Trust $2,127,977 1.84% 21,661 $221,407 Up ×2
CGCP Capital Group Fixed Income ETF Trust $1,822,230 1.58% 80,988 $515,909 Up ×1
LSGR Natixis ETF Trust II $1,575,678 1.36% 37,665 $707,038 Up ×1
SPYV SPDR SERIES TRUST $1,574,209 1.36% 30,077 $-2,426,513 Down ×2
BINC iShares Flexible Income Active ETF $1,479,094 1.28% 27,992 $-11,576,087 Down ×1
IQDG WisdomTree Trust $1,438,932 1.25% 36,300 $-79,252 Down ×1
SPY SPY $1,385,220 1.20% 2,242 $-42,343 Down ×2
SPTM SPDR SERIES TRUST $1,322,183 1.14% 17,655 $36,794 Down ×2
FDV Federated Hermes ETF Trust $1,092,222 0.95% 39,775 $-96,834 Down ×2
SGOL abrdn Physical Gold Shares ETF $1,084,976 0.94% 34,400 $181,430 Up ×2
JMST J.P. Morgan Exchange-Traded Fund Trust $1,066,570 0.92% 20,946 $589,597 Up ×1
FDL First Trust Exchange-Traded Fund $988,634 0.86% 23,612 $23,093 Up ×1
FNX First Trust Mid Cap Core AlphaDEX Fund $971,521 0.84% 8,459 $-993,713 Down ×2
LMBS First Trust Low Duration Opportunities ETF $960,570 0.83% 19,500 $483,718 Up ×1
DGRO iShares Trust $903,344 0.78% 14,128 $-409,357 Down ×2
AVUV AMERICAN CENTURY ETF TRUST $886,221 0.77% 9,728 $-452,710 Down ×2
PAAA PGIM ETF Trust $803,135 0.70% 15,610 $-376,738 Down ×1
SPAB SPDR SERIES TRUST $787,806 0.68% 30,774 $-681,765 Down ×1
FTCS First Trust Capital Strength ETF $684,493 0.59% 7,531 $-17,478 Down ×2
IVW iShares Trust $670,289 0.58% 6,088 $105,140
AAPL Apple Inc. - Common Stock $662,699 0.57% 3,230 $-764,086 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $647,119 0.56% 3,648 $18,293 Down ×2
TCAF T. Rowe Price Exchange-Traded Funds, Inc. $575,064 0.50% 16,300 $480 Down ×1
ABBV AbbVie Inc. Common Stock $542,567 0.47% 2,923 $-145,916 Down ×1
VIG VANGUARD SPECIALIZED FUNDS $510,652 0.44% 2,495 $26,647
IVV iShares Trust $481,818 0.42% 776 $45,784
DTH WisdomTree Trust $449,437 0.39% 9,700 Up ×1
IVE iShares Trust $399,634 0.35% 2,045 $-78,150 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $388,528 0.34% 5,600 $88,000 Up ×1
VOO VANGUARD INDEX FUNDS $348,770 0.30% 614 $-147,667 Down ×2
BIL SPDR SERIES TRUST $328,393 0.28% 3,580 $-97,693 Down ×2
TSLA Tesla, Inc. - Common Stock $319,566 0.28% 1,006 $33,453 Down ×1
SPIP SPDR SERIES TRUST $312,720 0.27% 12,000 Up ×1
ISTB iShares Core 1-5 Year USD Bond ETF $297,495 0.26% 6,115 $1,835
MMM 3M Company Common Stock $261,092 0.23% 1,715 $-61,559 Down ×2
MSFT Microsoft Corporation - Common Stock $245,721 0.21% 494 $-675,486 Down ×1
TY Tri Continental Corporation Common Stock $239,901 0.21% 7,577 $-40,006 Down ×2
BSX Boston Scientific Corporation Common Stock $239,632 0.21% 2,231 $-60,990 Down ×2
JHMM John Hancock Exchange-Traded Fund Trust $204,969 0.18% 3,353
NVDA NVIDIA Corporation - Common Stock $202,859 0.18% 1,284 $-559,269 Down ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FELC $7,542,791 218,695 6.53%
DTH $449,437 9,700 0.39%
SPIP $312,720 12,000 0.27%
JHMM $204,969 3,353 0.18%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Trimmed -417K -$24.7M
ARKW Trimmed -90K -$6.4M
SPYG Trimmed -51K -$3.5M
DUSA Bought more +42K +$2.4M
SPYV Trimmed -48K -$2.4M
BILS Bought more +17K +$1.7M
MTBA Bought more +29K +$1.5M
SDVY Bought more +34K +$1.4M
FNX Trimmed -10K -$994K
AAPL Trimmed -3K -$764K

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
JAAA June 30, 2025 12,417 $629,666
AMZN June 30, 2025 2,740 $521,312 14.6%
META June 30, 2025 650 $374,634 -1.4%
GBTC June 30, 2025 5,580 $363,649 -23.2%
PEO June 30, 2025 14,896 $339,778 30.2%
JNJ June 30, 2025 2,021 $335,221 67.6%
CVX June 30, 2025 1,775 $296,940 44.3%
XEL June 30, 2025 4,129 $292,292 4.8%
PM June 30, 2025 1,821 $289,047 2.9%
GOOGL June 30, 2025 1,824 $282,063 94.9%
CB June 30, 2025 906 $273,603 14.2%
VZ June 30, 2025 5,933 $269,121 6.1%
AMKR June 30, 2025 14,800 $267,288 166.9%
HON June 30, 2025 1,250 $264,645 -2.5%
SHY June 30, 2025 3,122 $258,283
TTE June 30, 2025 3,913 $253,132 37.5%
ENB June 30, 2025 5,464 $242,131 1.4%
VUG June 30, 2025 633 $234,729
BMY June 30, 2025 3,648 $222,492 32.1%
XOM June 30, 2025 1,866 $221,923 52.1%
SNY June 30, 2025 3,982 $220,842 -17.4%
USB June 30, 2025 5,203 $219,671 27.1%
VTV June 30, 2025 1,243 $214,716
GILD June 30, 2025 1,894 $212,223 30.5%
AMGN June 30, 2025 671 $209,050 44.4%
NFLX June 30, 2025 216 $201,426 -95.0%
PG June 30, 2025 1,180 $201,099 -9.0%
GGG June 30, 2025 2,397 $200,173 -9.3%