Sector breakdown

04
Financials 55.3%
Technology 9.0%
Healthcare 3.6%
Industrials 2.4%
Retail 1.9%
Energy 1.4%
Communication Services 1.0%
Consumer Discretionary 0.7%
Consumer products 0.3%
Consumer Staples 0.3%
Other/Unmapped 24.1%

Full portfolio 117 positions

05
Type Streak 8Q trend
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $155,760,800 51.57% 208 $6,387,680
AAPL Apple Inc. - Common Stock $13,595,702 4.50% 46,985 $1,644,014 Down ×2
ITOT iShares Trust $10,728,175 3.55% 65,308 $2,115,262 Up ×2
JNJ Johnson & Johnson Common Stock $9,409,649 3.12% 37,050 $344,613 Down ×1
IVV iShares Trust $8,736,648 2.89% 11,666 $1,033,497 Down ×1
AMZN Amazon.com, Inc. - Common Stock $5,615,052 1.86% 23,559 $713,626 Up ×1
AMAT Applied Materials, Inc. - Common Stock $5,270,670 1.75% 7,290 $2,779,021
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,960,691 1.64% 9,914 $148,085 Down ×2
FBND Fidelity Merrimack Street Trust $4,128,399 1.37% 90,754 $2,577,091 Up ×1
SPY SPY $3,867,173 1.28% 5,179 $492,801 Down ×2
QQQM Invesco NASDAQ 100 ETF $3,537,166 1.17% 11,675 $977,235 Up ×2
VTEB VANGUARD MUNICIPAL BOND FUNDS $3,215,522 1.06% 63,573 $-123,516 Down ×2
MSFT Microsoft Corporation - Common Stock $3,099,353 1.03% 8,309 $30,642 Up ×2
SPYG SPDR SERIES TRUST $3,075,384 1.02% 25,846 $467,675 Down ×1
NVDA NVIDIA Corporation - Common Stock $2,808,198 0.93% 14,035 $331,849 Down ×2
IXUS iShares Core MSCI Total International Stock ETF $2,628,036 0.87% 27,536 $355,296 Up ×1
XOM Exxon Mobil Corporation Common Stock $2,386,974 0.79% 17,459 $-600,544 Down ×1
IDEV iShares Trust $1,723,547 0.57% 19,364 $303,358 Up ×2
SPHY SPDR SERIES TRUST $1,559,135 0.52% 66,516 $494,251 Up ×1
GLW Corning Incorporated Common Stock $1,518,787 0.50% 5,946 $710,309
DYNF BlackRock ETF Trust $1,392,210 0.46% 20,471 $-436,563 Down ×2
VTV VANGUARD INDEX FUNDS $1,383,638 0.46% 6,349 $251,760 Up ×2
IYW iShares Trust $1,227,856 0.41% 4,868 $344,703
COIN Coinbase Global, Inc. - 3Class A Common Stock $1,188,154 0.39% 8,127 $-229,540 Up ×2
IMCB iShares Trust $1,163,687 0.39% 12,051 $-146,331 Down ×1
ETH Grayscale Ethereum Staking Mini ETF Shares $1,118,202 0.37% 74,398 $60,637 Up ×2
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $1,104,658 0.37% 21,992 $-552,583 Down ×1
JPM JP Morgan Chase & Co. Common Stock $1,092,593 0.36% 3,338 $110,718
SCHM SCHWAB STRATEGIC TRUST $1,090,946 0.36% 29,589 $266,234 Up ×1
IALT iShares Systematic Alternatives Active ETF $1,060,374 0.35% 37,803 Up ×1
AGG iShares Trust $1,047,604 0.35% 10,584 $27,505 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,044,855 0.35% 2,514 $354,352 Down ×2
MCD McDonald's Corporation Common Stock $961,953 0.32% 3,559 $-143,943 Up ×1
RAAX VanEck ETF Trust $953,230 0.32% 24,029 Up ×1
SPEM SPDR INDEX SHARES FUNDS $945,606 0.31% 18,262 $136,878 Up ×1
SCHX SCHWAB STRATEGIC TRUST $935,344 0.31% 31,782 $120,454
ASML ASML Holding N.V. - New York Registry Shares $935,037 0.31% 470 $322,172 Up ×2
SCHA SCHWAB STRATEGIC TRUST $930,864 0.31% 25,764 $-444,242 Down ×1
PG Procter & Gamble Company (The) Common Stock $926,871 0.31% 6,321 $15,075 Up ×3
NFLX Netflix, Inc. - Common Stock $920,989 0.30% 12,899 $-309,731 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $855,104 0.28% 23,262 $-27,731 Down ×1
HYMB SPDR SERIES TRUST $826,978 0.27% 32,507 $-32,888 Down ×1
EZBC Franklin Templeton Digital Holdings Trust Shares of Franklin Bitcoin ETF $817,231 0.27% 24,100 $-275,661 Down ×1
IAUM iShares Gold Trust Micro Shares $795,279 0.26% 19,877 $-123,637 Up ×1
EMXC iShares MSCI Emerging Markets ex China ETF $759,156 0.25% 7,421 $-180,202 Down ×1
DSI iShares Trust $750,822 0.25% 5,273 $50,223 Down ×2
NSC Norfolk Southern Corporation Common Stock $742,883 0.25% 2,361 $54,246 Down ×1
CTA Simplify Exchange Traded Funds $737,382 0.24% 28,426 Up ×1
BLK BlackRock, Inc. Common Stock $666,517 0.22% 693 $-104
CAT Caterpillar, Inc. Common Stock $661,934 0.22% 622 $203,953 Down ×1
AON Aon plc Class A Ordinary Shares (Ireland) $629,548 0.21% 1,898 $16,912
MA Mastercard Incorporated Common Stock $624,287 0.21% 1,216 $17,301 Up ×2
VB VANGUARD INDEX FUNDS $623,215 0.21% 2,056 $105,137 Up ×3
CSX CSX Corporation - Common Stock $610,415 0.20% 12,843 $65,775 Down ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $600,815 0.20% 5,262 $-23,363
RTX RTX Corporation Common Stock $583,609 0.19% 3,076 $-9,751
CB Chubb Limited Common Stock $580,280 0.19% 1,703 $25,221
SPLV Invesco Exchange-Traded Fund Trust II $570,139 0.19% 7,612 $13,397
NULG Nushares ETF Trust $528,409 0.17% 4,514 $33,968 Down ×2
SUB iShares Trust $526,494 0.17% 4,945 $-24,111 Down ×1
SCHF SCHWAB STRATEGIC TRUST $511,870 0.17% 18,479 $54,539 Up ×2
ADP Automatic Data Processing, Inc. - Common Stock $500,752 0.17% 2,236 $46,027 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $498,892 0.17% 1,396 $99,759 Up ×2
IEI iShares 3-7 Year Treasury Bond ETF $490,941 0.16% 4,180 $46,665 Up ×1
T AT&T Inc. $476,517 0.16% 23,020 $-190,837
INTC Intel Corporation - Common Stock $466,979 0.15% 3,344 Up ×1
TFC Truist Financial Corporation Common Stock $447,451 0.15% 8,981 $34,735 Up ×2
V Visa Inc. $444,836 0.15% 1,297 $54,523 Up ×1
ISTB iShares Core 1-5 Year USD Bond ETF $437,049 0.14% 9,058 $-12,757 Down ×1
KO Coca-Cola Company (The) Common Stock $432,113 0.14% 5,317 $27,755
UNP Union Pacific Corporation Common Stock $430,848 0.14% 1,584 $46,538
MTUM iShares Trust $429,566 0.14% 1,253 $128,859
PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests $428,505 0.14% 19,250 $-1,348
ABBV AbbVie Inc. Common Stock $419,532 0.14% 1,667 $58,005 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $416,980 0.14% 3,550 $137,842 Down ×2
QQQ Invesco QQQ Trust, Series 1 $415,330 0.14% 564 $112,888 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $404,814 0.13% 950 $65,027
SBUX Starbucks Corporation - Common Stock $402,766 0.13% 3,941 $43,861 Down ×2
CVX Chevron Corporation Common Stock $387,641 0.13% 2,339 $-96,040 Up ×2
MBB iShares MBS ETF $381,010 0.13% 4,031 $36,816 Up ×1
IMCG iShares Trust $372,164 0.12% 3,786 $73,941
ESGU iShares ESG Aware MSCI USA ETF $367,766 0.12% 2,247 $49,995
MMM 3M Company Common Stock $365,667 0.12% 2,258 $37,692
PWR Quanta Services, Inc. Common Stock $360,020 0.12% 500 $85,510
SPTI SPDR SERIES TRUST $351,894 0.12% 12,395
NAVN Navan, Inc. - Class A Common Stock $340,100 0.11% 14,871 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $334,299 0.11% 700 $97,734
TSLA Tesla, Inc. - Common Stock $330,171 0.11% 785 $36,860 Down ×3
FDX FedEx Corporation Common Stock $325,233 0.11% 1,039 $-43,248 Up ×2
BIL SPDR SERIES TRUST $319,640 0.11% 3,488 $-917 Down ×2
EQAL Invesco Exchange-Traded Fund Trust II $319,141 0.11% 5,386 $21,270 Down ×2
HXL Hexcel Corporation Common Stock $316,334 0.10% 3,161 $60,627 Up ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $314,198 0.10% 5,995 $-2,266 Down ×1
BNDX Vanguard Total International Bond ETF $312,761 0.10% 6,458 $-100,805 Down ×1
BK The Bank of New York Mellon Corporation Common Stock $309,943 0.10% 2,143 $55,847 Up ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $302,355 0.10% 5,227 $1,431 Up ×2
NULV Nushares ETF Trust $301,590 0.10% 6,033 $38,236 Up ×2
PZA Invesco Exchange-Traded Fund Trust II $300,586 0.10% 12,780
MTZ MasTec, Inc. Common Stock $289,162 0.10% 695 $65,553
OKE ONEOK, Inc. Common Stock $285,250 0.09% 3,281 $-11,320

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
PG $926,871 0.31% up ×3
VB $623,215 0.21% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IALT $1,060,374 37,803 0.35%
RAAX $953,230 24,029 0.32%
CTA $737,382 28,426 0.24%
INTC $466,979 3,344 0.15%
SPTI $351,894 12,395 0.12%
NAVN $340,100 14,871 0.11%
PZA $300,586 12,780 0.10%
RSPT $283,800 4,400 0.09%
GOOG $224,365 635 0.07%
KRMA $210,711 4,485 0.07%
IBM $210,120 747 0.07%
FTEC $207,331 726 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BRK-A (filed as BRKA) Price move only +0 +$6.4M
AMAT Price move only +0 +$2.8M
FBND Bought more +57K +$2.6M
ITOT Bought more +5K +$2.1M
AAPL Trimmed -108 +$1.6M
IVV Trimmed -127 +$1.0M
QQQM Bought more +902 +$977K
AMZN Bought more +25 +$714K
GLW Price move only +0 +$710K
XOM Trimmed -150 -$601K

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
VEA Dec. 31, 2025 210,997 $12,642,924
ITOT Sept. 30, 2025 71,293 $9,627,399 15.5%
VWO Dec. 31, 2025 124,438 $6,742,069
DVY Dec. 31, 2025 38,710 $5,500,691
UBER Dec. 31, 2025 41,195 $4,035,912 -16.6%
EVMO Dec. 31, 2025 63,666 $3,229,901
VTEB Sept. 30, 2025 58,546 $2,870,510
COIN Sept. 30, 2025 8,073 $2,829,506 -45.8%
SCHP Dec. 31, 2025 92,749 $2,499,575 -4.6%
SCHO Sept. 30, 2025 102,393 $2,496,341 -2.1%
IWB Dec. 31, 2025 6,773 $2,475,396
SPYG Sept. 30, 2025 25,263 $2,408,026
IXUS Sept. 30, 2025 28,893 $2,233,718
GOOG Dec. 31, 2025 8,936 $2,176,438 8.5%
QQQM Sept. 30, 2025 8,270 $1,878,151
SCHR June 30, 2026 70,454 $1,755,009 -3.5%
SPHY Sept. 30, 2025 66,006 $1,570,943
VCSH Dec. 31, 2025 19,057 $1,523,226
FREL Dec. 31, 2025 51,758 $1,439,386
AGG Sept. 30, 2025 14,378 $1,426,298
VOO Dec. 31, 2025 2,255 $1,385,094
AMAT Sept. 30, 2025 7,390 $1,352,887 163.8%
IAUM Sept. 30, 2025 37,625 $1,241,249
EZBC Sept. 30, 2025 19,437 $1,213,258
APH Dec. 31, 2025 9,459 $1,172,112 -35.7%
SCHR Sept. 30, 2025 46,625 $1,167,024 -5.3%
SCHO June 30, 2026 47,637 $1,156,150 -1.1%
SCHA Sept. 30, 2025 44,749 $1,132,150 18.7%
ACLS Dec. 31, 2025 11,495 $1,122,372 83.9%
ABT Dec. 31, 2025 8,208 $1,099,380 -22.2%
PNC Dec. 31, 2025 5,259 $1,056,691 5.9%
BCD Sept. 30, 2025 30,620 $1,015,053
SCHM Sept. 30, 2025 35,930 $1,007,837 16.5%
BRZE Dec. 31, 2025 30,397 $864,491 -25.9%
EPD Sept. 30, 2025 27,406 $849,875 15.7%
IYW Sept. 30, 2025 4,868 $843,478 35.9%
VTV Sept. 30, 2025 4,749 $839,338
IMCB Sept. 30, 2025 10,445 $832,049 15.6%
VNQI Dec. 31, 2025 17,334 $827,542
WMT Dec. 31, 2025 7,976 $821,977 -6.4%
SCHX Sept. 30, 2025 31,782 $776,752 15.3%
VUG Dec. 31, 2025 1,609 $772,626
VO Dec. 31, 2025 2,536 $747,543
ETH Sept. 30, 2025 31,258 $741,440 -35.0%
ORCL Dec. 31, 2025 2,617 $735,884 -27.0%
HYMB Sept. 30, 2025 29,376 $727,937 -5.0%
SPEM Sept. 30, 2025 16,804 $718,203
HD Dec. 31, 2025 1,747 $707,875 -17.8%
DSI Sept. 30, 2025 6,074 $705,556
MA Sept. 30, 2025 1,219 $685,031 -2.9%
AON Sept. 30, 2025 1,898 $677,130 -24.4%
ADBE Dec. 31, 2025 1,902 $671,038 -32.1%
T Sept. 30, 2025 23,020 $666,203 -14.0%
MTB Dec. 31, 2025 3,366 $665,189 8.8%
SPLV Sept. 30, 2025 8,949 $651,666
MBB Sept. 30, 2025 6,640 $623,430
AVGO Dec. 31, 2025 1,877 $619,321 2.6%
NSC Sept. 30, 2025 2,399 $614,183 5.7%
SHOP Sept. 30, 2025 5,312 $612,739 1.9%
IWF Dec. 31, 2025 1,270 $594,881 6.7%
IEI Sept. 30, 2025 4,937 $587,947
META Dec. 31, 2025 770 $565,729 10.3%
CMCSA Dec. 31, 2025 17,819 $559,875 -23.0%
VSS Dec. 31, 2025 3,920 $558,796
IDEV Sept. 30, 2025 7,265 $552,431
CB Sept. 30, 2025 1,897 $549,599 17.2%
BIL Sept. 30, 2025 5,918 $542,858
SON Dec. 31, 2025 12,526 $539,745 11.7%
APD Dec. 31, 2025 1,969 $536,986 12.4%
NULG Sept. 30, 2025 5,584 $524,617
LLY Dec. 31, 2025 639 $487,406 6.3%
CNI Dec. 31, 2025 5,117 $482,533 21.2%
VYM Dec. 31, 2025 3,407 $480,217
NOBL Dec. 31, 2025 4,600 $474,122 5.6%
IGSB Sept. 30, 2025 8,984 $473,996
SUB Sept. 30, 2025 4,432 $471,299
RTX Sept. 30, 2025 3,159 $461,278 10.4%
FLIN Sept. 30, 2025 11,413 $454,580
PH Dec. 31, 2025 591 $447,673 10.6%
MRK Dec. 31, 2025 5,269 $446,940 37.1%
IWO Dec. 31, 2025 1,388 $444,216
VOE Dec. 31, 2025 2,503 $439,158
SBUX Sept. 30, 2025 4,763 $436,429 12.0%
CSX Sept. 30, 2025 13,268 $432,926 33.6%
ASML Sept. 30, 2025 539 $431,949 92.9%
EMXC Sept. 30, 2025 6,738 $425,437
GE Dec. 31, 2025 1,382 $416,240 0.5%
PDP Dec. 31, 2025 3,519 $415,434
PWB Dec. 31, 2025 3,301 $414,011
BKLN Dec. 31, 2025 19,513 $408,407
SCHF Sept. 30, 2025 18,354 $405,631 19.9%
IJH Dec. 31, 2025 6,184 $403,568 10.6%
CSCO Sept. 30, 2025 5,802 $402,528 64.0%
MDLZ Sept. 30, 2025 5,909 $398,472 -6.9%
TFC Sept. 30, 2025 9,189 $395,030 1.6%
EQAL Sept. 30, 2025 7,769 $382,546
PAA Sept. 30, 2025 20,622 $377,803 39.2%
UNP Sept. 30, 2025 1,628 $374,571 17.7%
ICSH March 31, 2026 7,215 $364,935
ETN Sept. 30, 2025 1,004 $358,418 16.5%
BCD March 31, 2026 11,547 $357,495
DIS Sept. 30, 2025 2,858 $354,467 -10.8%
COST Dec. 31, 2025 374 $346,058 6.8%
PLTR Dec. 31, 2025 1,875 $342,038 6.2%
SPTI Sept. 30, 2025 11,734 $337,587
BNDX Sept. 30, 2025 6,797 $336,519
CVX Sept. 30, 2025 2,335 $334,355 33.1%
FLOT Dec. 31, 2025 6,446 $329,283
GS Dec. 31, 2025 406 $323,217 2.7%
OKE Sept. 30, 2025 3,952 $322,602 20.4%
IEF Sept. 30, 2025 3,331 $319,010
UL (filed as ULXXXX) Dec. 31, 2025 5,301 $314,243 -8.7%
TDY Dec. 31, 2025 534 $313,081 20.8%
GLW Sept. 30, 2025 5,946 $312,700 100.2%
MTUM Sept. 30, 2025 1,285 $308,811
CAT Sept. 30, 2025 795 $308,535 77.2%
ESGU Sept. 30, 2025 2,261 $305,913
IMCG Sept. 30, 2025 3,786 $303,751 15.2%
AMGN Dec. 31, 2025 1,072 $302,614 23.1%
XLP Sept. 30, 2025 3,732 $302,180 No longer tracked
QQEW Sept. 30, 2025 2,169 $296,047
WMB Dec. 31, 2025 4,654 $294,848 17.4%
GD Dec. 31, 2025 854 $291,308 -2.0%
AXP Dec. 31, 2025 869 $288,497 -18.2%
SYK Dec. 31, 2025 775 $287,252 -21.6%
NULV Sept. 30, 2025 6,712 $281,334
BMY Dec. 31, 2025 6,182 $278,804 13.4%
ESGD Sept. 30, 2025 3,105 $277,028
NEE Dec. 31, 2025 3,620 $273,244 -4.3%
PZA Sept. 30, 2025 12,082 $270,516
QCOM Dec. 31, 2025 1,626 $270,479 8.1%
ISTB Sept. 30, 2025 5,409 $263,148
IGIB Sept. 30, 2025 4,916 $261,974
COF Dec. 31, 2025 1,226 $260,560 -19.7%
ICE Sept. 30, 2025 1,398 $256,492 -10.9%
ACN Dec. 31, 2025 1,032 $254,491 -25.9%
BR Dec. 31, 2025 1,063 $254,118 -29.7%
IJT Dec. 31, 2025 1,791 $253,427
IJK Dec. 31, 2025 2,638 $252,958 14.1%
SLV June 30, 2026 3,686 $251,164 2.4%
IBKR Dec. 31, 2025 3,471 $238,868 37.3%
IBIT Dec. 31, 2025 3,628 $235,820
GLD Dec. 31, 2025 660 $234,610
CDL Dec. 31, 2025 3,371 $234,581
FDX Sept. 30, 2025 1,017 $231,198 23.1%
BX Dec. 31, 2025 1,341 $229,023 -27.5%
SONY Dec. 31, 2025 7,693 $221,468 -7.0%
IBM March 31, 2026 745 $220,743 -8.1%
IDU Sept. 30, 2025 2,074 $216,878 -8.8%
ZBRA Dec. 31, 2025 722 $214,550 54.8%
TLT Sept. 30, 2025 2,428 $214,271
STX Dec. 31, 2025 900 $213,102 208.3%
WRB Dec. 31, 2025 2,739 $209,860 -1.6%
MO Dec. 31, 2025 3,115 $209,079 16.8%
GEV Dec. 31, 2025 335 $205,695 51.3%
EW Dec. 31, 2025 2,640 $205,313 -0.1%
AMD Dec. 31, 2025 1,261 $204,088 196.0%
ATO Dec. 31, 2025 1,184 $202,240 -6.2%
ALL Sept. 30, 2025 1,000 $201,310 4.2%
EFA June 30, 2025 2,452 $200,402
JEPI Dec. 31, 2025 3,509 $200,371
WFC Dec. 31, 2025 2,390 $200,357 -13.7%
RSPT March 31, 2026 4,400 $200,244 46.7%