Sector breakdown

04
Financials 6.5%
Industrials 6.0%
Technology 5.9%
Communication Services 3.1%
Health Care 3.0%
Retail 2.4%
Energy 1.0%
Materials 0.8%
Consumer products 0.4%
Consumer Staples 0.4%
Consumer Discretionary 0.4%
Real Estate 0.4%
Utilities 0.0%
Other/Unmapped 69.7%

Full portfolio 300 positions

05
Type Streak 8Q trend
VOO Vanguard S&P 500 ETF $29,753,923 18.99% 48,587 $4,448,621 Up ×1
GLOF iShares Trust $12,824,419 8.18% 248,459 $1,710,616 Up ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $11,207,652 7.15% 107,240 $1,707,655 Up ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $10,861,382 6.93% 196,302 $829,650 Up ×3
IAU iShares Gold Trust Shares $5,036,484 3.21% 69,211 $720,486
EWJ iShares MSCI Japan Index Fund $4,366,849 2.79% 54,443 $364,872 Up ×1
EEM iShares, Inc. $4,247,613 2.71% 79,543 $420,807 Up ×3
VGK Vanguard FTSEEuropean ETF $4,119,571 2.63% 51,624 $-456,973 Down ×2
IWM iShares Russell 2000 Index Fund $4,051,734 2.59% 16,745 $811,162 Up ×3
MSFT Microsoft Corporation - Common Stock $3,329,289 2.12% 6,428 $128,356 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $2,944,060 1.88% 12,110 $791,073 Down ×1
SPY SPY $2,117,336 1.35% 3,178 $151,138 Down ×1
GLD SPDR Gold Shares $1,973,569 1.26% 5,552 $-1,896,553 Down ×1
VGT Vanguard Information Tech ETF $1,934,518 1.23% 2,591 $87,946 Down ×1
V Visa Inc. $1,700,681 1.09% 4,982 $-39,723 Up ×3
RKLB Rocket Lab Corporation - Common Stock $1,665,495 1.06% 34,763 $422,022
INTU Intuit Inc. - Common Stock $1,575,620 1.01% 2,307 $-248,035 Down ×1
IDXX IDEXX Laboratories, Inc. - Common Stock $1,565,919 1.00% 2,451 $276,021 Up ×3
ICE Intercontinental Exchange Inc. Common Stock $1,487,401 0.95% 8,828 $-100,242 Up ×3
TDY Teledyne Technologies Incorporated Common Stock $1,473,891 0.94% 2,515 $212,071 Up ×3
STE STERIS plc (Ireland) Ordinary Shares $1,414,979 0.90% 5,718 $69,362 Up ×3
CB Chubb Limited Common Stock $1,394,842 0.89% 4,942 $-2,817 Up ×3
ORLY O'Reilly Automotive, Inc. - Common Stock $1,351,506 0.86% 12,536 $240,203 Up ×3
ADBE Adobe Inc. - Common Stock $1,336,570 0.85% 3,789 $-121,581 Up ×3
WCN Waste Connections, Inc. Common Shares $1,327,060 0.85% 7,549 $-53,196 Up ×3
CPRT Copart, Inc. - Common Stock $1,262,398 0.81% 28,072 $-89,628 Up ×3
AJG Arthur J. Gallagher & Co. Common Stock $1,170,821 0.75% 3,780 $-12,440 Up ×3
XOM Exxon Mobil Corporation Common Stock $1,084,676 0.69% 9,620 $47,996 Up ×3
FLYW Flywire Corporation - Voting Common Stock $1,000,240 0.64% 73,873 Up ×1
AD Array Digital Infrastructure, Inc. Common Shares $968,894 0.62% 19,374 $-270,461
COST Costco Wholesale Corporation - Common Stock $956,846 0.61% 1,034 $-51,747 Up ×3
LIN Linde plc - Ordinary Shares $915,041 0.58% 1,926 $31,814 Up ×3
XLF SELECT SECTOR SPDR TRUST $881,313 0.56% 16,360 Up ×1
ROL Rollins, Inc. Common Stock $837,429 0.53% 14,257 $51,378 Up ×3
IWF iShares Russell 1000 Growth Fund $827,212 0.53% 1,766 $77,404
ROP Roper Technologies, Inc. - Common Stock $817,970 0.52% 1,640 $-97,277 Up ×3
VTEB Vanguard Tax-Exempt Bond ETF $759,662 0.48% 15,172 Up ×1
HD Home Depot, Inc. (The) Common Stock $714,141 0.46% 1,762 $82,970 Up ×3
SGOL abrdn Physical Gold Shares ETF $688,789 0.44% 18,712 $98,613
IVW iShares S&P 500 Growth ETF $685,086 0.44% 5,675 Up ×1
XLY XLY $660,208 0.42% 2,755 $61,464
XLC SELECT SECTOR SPDR TRUST $649,259 0.41% 5,485 Up ×1
ZTS Zoetis Inc. Class A Common Stock $641,627 0.41% 4,385 $-38,922 Up ×3
MCO Moody's Corporation Common Stock $632,257 0.40% 1,327 $-18,762 Up ×3
VRSK Verisk Analytics, Inc. - Common Stock $599,057 0.38% 2,382 $-126,527 Up ×3
ENVX Enovix Corporation - Common Stock $598,200 0.38% 60,000 $412,080 Up ×2
XLE SELECT SECTOR SPDR TRUST $597,112 0.38% 6,684 $28,740 Down ×1
SPHQ Invesco S&P 500 Quality ETF $595,828 0.38% 8,130 $-135,993 Down ×1
CL Colgate-Palmolive Company Common Stock $590,916 0.38% 7,392 $-81,017
XLV SELECT SECTOR SPDR TRUST $580,061 0.37% 4,168 $-16,789 Down ×1
VGSH Vanguard Short-Term Treasury ETF $572,493 0.37% 9,728 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $560,255 0.36% 2,272 $-121,252 Down ×1
FDS FactSet Research Systems Inc. Common Stock $557,878 0.36% 1,947 $-292,760 Up ×3
AGG iShares Trust $548,207 0.35% 5,468 $3,460 Down ×1
MKC McCormick & Company, Incorporated Common Stock $541,245 0.35% 8,089 $-55,745 Up ×3
VGIT Vanguard Intermediate-Term Treasury ETF $525,022 0.34% 8,746 Up ×1
EWU iShares MSCI United Kingdom ETF $514,455 0.33% 12,258 $-13,276 Down ×2
IVE iShares Trust $496,450 0.32% 2,404 Up ×1
IWD iShares Russell 1000 Value ETF $476,808 0.30% 2,342 Up ×1
XLI SELECT SECTOR SPDR TRUST $450,969 0.29% 2,924 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $450,175 0.29% 613 $-665,157 Down ×1
WMT Walmart Inc. - Common Stock $448,311 0.29% 4,350 $22,968
IVV iShares Trust $438,659 0.28% 655 $31,721
TDG Transdigm Group Incorporated Common Stock $390,134 0.25% 296 $-59,975
GOOG Alphabet Inc. - Class C Capital Stock $365,325 0.23% 1,500 $99,240
EWA iShares MSCI Australia Index Fund $365,171 0.23% 13,525 $-24,157 Down ×1
IWV iShares Russell 3000 Fund $347,867 0.22% 918 $25,649
KBDC Kayne Anderson BDC, Inc. Common Stock $331,415 0.21% 24,881 $-48,269
USB U.S. Bancorp Common Stock $289,980 0.19% 6,000 $18,480
CTAS Cintas Corporation - Common Stock $288,164 0.18% 1,404 $-113,370 Down ×1
SCHG SCHWAB STRATEGIC TRUST $287,445 0.18% 9,008 $24,321
ISRG Intuitive Surgical, Inc. - Common Stock $275,494 0.18% 616 $-59,247
HWM Howmet Aerospace Inc. Common Stock $267,461 0.17% 1,363 $13,766
VXUS Vanguard Total International Stock ETF $246,454 0.16% 3,355
JPM JP Morgan Chase & Co. Common Stock $242,438 0.15% 769 $20,072 Up ×3
VV Vanguard Morningstar Large-Cap ETF $241,054 0.15% 783 $17,664
XLP XLP $237,226 0.15% 3,027 Up ×1
SYK Stryker Corporation Common Stock $223,245 0.14% 604
DFAU Dimensional ETF Trust $211,182 0.13% 4,615 $15,691
MSDL Morgan Stanley Direct Lending Fund Common Stock $192,960 0.12% 12,000 $-31,680
VTV Vanguard Morningstar Value ETF $189,101 0.12% 1,014 $9,887
PSLV Sprott Physical Silver Trust ETV $188,400 0.12% 12,000
YOU Clear Secure, Inc. Class A Common Stock $178,416 0.11% 5,345 $30,039
LLY Eli Lilly and Company Common Stock $168,623 0.11% 221 $-3,653
MCHI iShares MSCI China ETF $168,290 0.11% 2,556 $3,670 Down ×2
MUB iShares Trust $165,060 0.11% 1,550 $3,116
WSO Watsco, Inc. Common Stock $164,794 0.11% 408
POOL Pool Corporation - Common Stock $163,885 0.10% 529 $10,172 Up ×3
ARES Ares Management Corporation Class A Common Stock $161,009 0.10% 1,007 $-13,403
RSPF Invesco Exchange-Traded Fund Trust $157,734 0.10% 2,028 $3,375
DFAI Dimensional ETF Trust $151,071 0.10% 4,156 $7,398
CVX Chevron Corporation Common Stock $147,615 0.09% 951 $12,852 Up ×3
MELI MercadoLibre, Inc. - Common Stock $147,227 0.09% 63 $-17,432
BKNG Booking Holdings Inc. - Common Stock $146,955 0.09% 27 $-10,355
MCHP Microchip Technology Incorporated - Common Stock $145,534 0.09% 2,266 $-156,696 Down ×1
RMD ResMed Inc. Common Stock $136,865 0.09% 500 $7,865
AVGO Broadcom Inc. - Common Stock $136,253 0.09% 413 $17,723 Down ×1
SHW Sherwin-Williams Company (The) Common Stock $131,233 0.08% 379 $1,100
ASML ASML Holding N.V. - New York Registry Shares $130,932 0.08% 135 $22,546
PANW Palo Alto Networks, Inc. - Common Stock $128,281 0.08% 630 $-642

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYV $10,861,382 6.93% up ×3
EEM $4,247,613 2.71% up ×3
IWM $4,051,734 2.59% up ×3
V $1,700,681 1.09% up ×3
IDXX $1,565,919 1.00% up ×3
ICE $1,487,401 0.95% up ×3
TDY $1,473,891 0.94% up ×3
STE $1,414,979 0.90% up ×3
CB $1,394,842 0.89% up ×3
ORLY $1,351,506 0.86% up ×3
ADBE $1,336,570 0.85% up ×3
WCN $1,327,060 0.85% up ×3
CPRT $1,262,398 0.81% up ×3
AJG $1,170,821 0.75% up ×3
XOM $1,084,676 0.69% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FLYW $1,000,240 73,873 0.64%
XLF $881,313 16,360 0.56%
VTEB $759,662 15,172 0.48%
IVW $685,086 5,675 0.44%
XLC $649,259 5,485 0.41%
VGSH $572,493 9,728 0.37%
VGIT $525,022 8,746 0.34%
IVE $496,450 2,404 0.32%
IWD $476,808 2,342 0.30%
XLI $450,969 2,924 0.29%
VXUS $246,454 3,355 0.16%
XLP $237,226 3,027 0.15%
SYK $223,245 604 0.14%
PSLV $188,400 12,000 0.12%
WSO $164,794 408 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +4K +$4.4M
GLD Trimmed -7K -$1.9M
GLOF Bought more +18K +$1.7M
SPYG Bought more +8K +$1.7M
SPYV Bought more +5K +$830K
IWM Bought more +2K +$811K
GOOGL Trimmed -107 +$791K
IAU Price move only +0 +$720K
META Trimmed -898 -$665K
VGK Trimmed -7K -$457K

2 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
SGOV Sept. 30, 2025 24,795 $2,496,568 0.0%
AMZN Sept. 30, 2025 11,148 $2,445,760 14.5%
AAPL Sept. 30, 2025 8,083 $1,658,384 30.7%
APH Sept. 30, 2025 16,266 $1,606,257 -29.5%
BRK-B (filed as BRKB) Sept. 30, 2025 2,406 $1,168,763 No longer tracked
ADP Sept. 30, 2025 2,696 $831,427 -11.3%
AME Sept. 30, 2025 4,196 $759,371 34.0%
RKLB (filed as RKLBXXXX) June 30, 2025 34,963 $625,138 104.1%
SYK June 30, 2025 601 $223,825 -27.9%
VXUS June 30, 2025 3,315 $205,858
WSO June 30, 2025 402 $204,457 -33.8%
AVDE Sept. 30, 2025 2,759 $204,194
MINT Sept. 30, 2025 2,024 $203,483
RLI June 30, 2025 2,007 $161,199 -22.3%
BAC Sept. 30, 2025 3,014 $142,622 4.7%
PSLV June 30, 2025 12,000 $139,200
EWG June 30, 2025 3,405 $126,257
ABT Sept. 30, 2025 852 $115,881 -25.3%
WDAY Sept. 30, 2025 456 $109,440 -21.5%
MA June 30, 2025 182 $99,758 0.5%
AMD Sept. 30, 2025 676 $95,924 290.5%
JBSS June 30, 2025 1,300 $92,118 7.6%
AZN Sept. 30, 2025 1,273 $88,957 2.0%
NATH June 30, 2025 904 $87,162 -8.2%
SPMD Sept. 30, 2025 1,339 $72,815 12.9%
HOG June 30, 2025 2,536 $64,034 11.0%
EQIX Sept. 30, 2025 78 $62,047 30.7%
GNL June 30, 2025 7,646 $61,474 7.8%
XMMO Sept. 30, 2025 453 $58,269
OKE Sept. 30, 2025 699 $57,059 21.4%
SHY June 30, 2025 649 $53,725
BN June 30, 2025 951 $49,842 -10.7%
VST Sept. 30, 2025 255 $49,422 -26.0%
AVUS Sept. 30, 2025 480 $48,394
IT Sept. 30, 2025 118 $47,698 -28.6%
CYBR Sept. 30, 2025 117 $47,605 No longer tracked
MLM June 30, 2025 99 $47,335 -11.6%
ESTC Sept. 30, 2025 539 $45,454 12.3%
MNDY Sept. 30, 2025 143 $44,971 -57.3%
AVDV Sept. 30, 2025 532 $42,177
BEP Sept. 30, 2025 1,634 $41,683 9.4%
COHR Sept. 30, 2025 460 $41,037 209.7%
SNOW Sept. 30, 2025 176 $39,384 50.3%
NFLX June 30, 2025 40 $37,301 -95.0%
FPE Sept. 30, 2025 1,963 $34,941
PLD Sept. 30, 2025 318 $33,428 11.8%
ELF Sept. 30, 2025 244 $30,363 -21.7%
DGS Sept. 30, 2025 548 $30,272
ELV Sept. 30, 2025 73 $28,394 22.1%
GLOB Sept. 30, 2025 298 $27,070 -37.7%
TOL Sept. 30, 2025 231 $26,364 -2.0%
VRT Sept. 30, 2025 201 $25,810 68.1%
MRK Sept. 30, 2025 305 $24,144 66.3%
DFAS Sept. 30, 2025 355 $22,617
IJJ Sept. 30, 2025 167 $20,638 8.3%
AVUV Sept. 30, 2025 199 $18,129
PKST June 30, 2025 1,391 $17,527 No longer tracked
JPST June 30, 2025 327 $16,541
VET Sept. 30, 2025 2,159 $15,718 50.0%
PSX June 30, 2025 121 $14,941 126.1%
ETN June 30, 2025 54 $14,679 21.2%
GLDM June 30, 2025 236 $14,606 25.0%
DUK June 30, 2025 117 $14,270 -3.5%
SYY Sept. 30, 2025 187 $14,163 -7.2%
SLV June 30, 2025 454 $14,069 68.0%
ICLR Sept. 30, 2025 93 $13,527 -3.8%
VZ June 30, 2025 259 $11,748 6.0%
HUBS June 30, 2025 20 $11,426 -60.4%
AMAT Sept. 30, 2025 56 $10,252 164.9%
RHI Sept. 30, 2025 243 $9,975 1.0%
PNC June 30, 2025 48 $8,437 18.2%
STZ June 30, 2025 44 $8,075 -30.3%
AGCO Sept. 30, 2025 76 $7,840 8.5%
GIS June 30, 2025 120 $7,175 -38.9%
ALL June 30, 2025 34 $7,040 11.6%
BA June 30, 2025 35 $5,969 -8.0%
TECH June 30, 2025 100 $5,863 41.1%
ZWS June 30, 2025 154 $5,079 31.2%
SRPT Sept. 30, 2025 276 $4,720 -9.2%
WBND Sept. 30, 2025 159 $3,215 No longer tracked
RDNW June 30, 2025 1,073 $3,026 114.3%
LVWR June 30, 2025 1,500 $3,000 -68.0%
NTLA June 30, 2025 401 $2,851 35.9%
EPAM June 30, 2025 10 $1,688 -37.8%
BSV June 30, 2025 6 $470