Sector breakdown

04
Consumer Staples 6.3%
Communication Services 5.8%
Financials 3.9%
Technology 3.5%
Industrials 2.6%
Retail 2.4%
Materials 0.3%
Consumer Discretionary 0.3%
Energy 0.1%
Consumer products 0.1%
Other/Unmapped 74.7%

Full portfolio 54 positions

05
Type Streak 8Q trend
SGOV iShares Trust $32,494,867 14.34% 322,786 $14,191,658 Up ×1
SSO ProShares Ultra S&P500 $24,870,398 10.98% 369,107 $5,669,380 Down ×1
UPRO ProShares UltraPro S&P 500 $23,408,426 10.33% 165,092 $6,997,744 Down ×2
IEI iShares 3-7 Year Treasury Bond ETF $22,928,343 10.12% 195,218 $15,861,045 Up ×1
SHY iShares 1-3 Year Treasury Bond ETF $20,052,986 8.85% 244,221 Up ×1
JPST JPMorgan Ultra-Short Income ETF $18,598,634 8.21% 367,780 $-28,917,931 Down ×1
VZ Verizon Communications Inc. Common Stock $12,089,284 5.34% 285,529 $9,556,188 Up ×1
PM Philip Morris International Inc Common Stock $7,572,795 3.34% 41,859 $882,627 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,025,196 2.66% 12,041 $315,528 Up ×1
TQQQ ProShares UltraPro QQQ $5,318,208 2.35% 65,657 $-2,006,414 Down ×1
MO Altria Group, Inc. $4,647,005 2.05% 64,587 $550,617 Up ×2
IVV iShares Trust $4,236,213 1.87% 5,657 $549,461 Up ×2
PAYX Paychex, Inc. - Common Stock $4,181,223 1.85% 42,522 $730,410 Up ×1
VT Vanguard Total World Stock Index ETF $3,930,028 1.73% 25,040 $3,695,576 Up ×1
SDS ProShares UltraShort S&P500 $3,654,751 1.61% 64,265 Up ×1
AMZN Amazon.com, Inc. - Common Stock $2,900,122 1.28% 12,168 $2,419,435 Up ×1
WMT Walmart Inc. - Common Stock $2,505,607 1.11% 22,123 $-229,405 Up ×2
TILL Teucrium Agricultural Strategy No K-1 ETF $2,505,542 1.11% 144,829 Up ×1
AAPL Apple Inc. - Common Stock $2,342,897 1.03% 8,097 $586,904 Up ×2
NVDA NVIDIA Corporation - Common Stock $2,260,016 1.00% 11,295 $1,387,842 Up ×1
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN $2,107,629 0.93% 95,411 Up ×1
MSFT Microsoft Corporation - Common Stock $1,304,967 0.58% 3,498 $-25,586 Down ×1
QQQ Invesco QQQ Trust, Series 1 $1,237,657 0.55% 1,681 $-551,996 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $1,125,892 0.50% 19,466 $40,495 Up ×2
MGK VANGUARD WORLD FUND $1,097,117 0.48% 12,480 $179,987 Up ×1
XLC SELECT SECTOR SPDR TRUST $946,494 0.42% 8,835 $-128,848 Down ×2
GLW Corning Incorporated Common Stock $911,428 0.40% 3,568 $426,614 Up ×2
LRCX Lam Research Corporation - Common Stock $901,326 0.40% 2,080 $456,913
FBK FB Financial Corporation Common Stock $846,744 0.37% 15,298 $52,166
RYAM Rayonier Advanced Materials Inc. Common Stock $751,573 0.33% 95,620 $-306,940
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $748,850 0.33% 1 $30,710
AVGO Broadcom Inc. - Common Stock $695,919 0.31% 1,842 $132,837 Up ×2
SMH SMH $681,470 0.30% 1,039 $283,117
GOOGL Alphabet Inc. - Class A Common Stock $639,905 0.28% 1,791 $135,873 Up ×2
FISV Fiserv, Inc. - Common Stock $500,016 0.22% 10,194 $53,951 Up ×2
GE GE Aerospace Common Stock $496,207 0.22% 1,328 $120,068 Up ×2
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $438,680 0.19% 7,103 $67,894 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $407,389 0.18% 1,153 Up ×1
QTUM Defiance Quantum ETF $390,297 0.17% 2,360 $137,069
GEV GE Vernova Inc. Common Stock $384,628 0.17% 327 $98,999
IDCC InterDigital, Inc. - Common Stock $361,858 0.16% 1,278 $-23,401 Up ×2
UCB United Community Banks, Inc. Common Stock $326,228 0.14% 9,297 $118,733 Up ×1
CVX Chevron Corporation Common Stock $310,209 0.14% 1,871 $-73,486 Up ×2
SMBK SmartFinancial, Inc. Common Stock $283,678 0.13% 6,046 $43,649 Down ×2
QID ProShares UltraShort QQQ $267,816 0.12% 19,765
VTWO Vanguard Russell 2000 ETF $256,439 0.11% 2,112 $-143,640 Down ×1
KO Coca-Cola Company (The) Common Stock $255,704 0.11% 3,146 Up ×1
PG Procter & Gamble Company (The) Common Stock $253,197 0.11% 1,727 $-15,119 Down ×1
GDX VanEck Gold Miners ETF $250,816 0.11% 3,324 Up ×1
GDXJ VanEck Junior Gold Miners ETF $230,437 0.10% 2,345 Up ×1
GBTC Grayscale Bitcoin Trust (BTC) $228,692 0.10% 5,024 $-2,426,402 Down ×1
AMLP ALPS ETF Trust $207,400 0.09% 4,000 $-3,160
KHC The Kraft Heinz Company - Common Stock $203,562 0.09% 8,618
NAK CUSIP: 66510M204 $24,960 0.01% 13,000 $10,960 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SHY $20,052,986 244,221 8.85%
SDS $3,654,751 64,265 1.61%
TILL $2,505,542 144,829 1.11%
VXX $2,107,629 95,411 0.93%
GOOG $407,389 1,153 0.18%
QID $267,816 19,765 0.12%
KO $255,704 3,146 0.11%
GDX $250,816 3,324 0.11%
GDXJ $230,437 2,345 0.10%
KHC $203,562 8,618 0.09%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
JPST Trimmed -571K -$28.9M
IEI Bought more +136K +$15.9M
SGOV Bought more +141K +$14.2M
VZ Bought more +235K +$9.6M
UPRO Trimmed -4K +$7.0M
SSO Trimmed -997 +$5.7M
TQQQ Trimmed -110K -$2.0M
NVDA Bought more +6K +$1.4M
PM Bought more +1K +$883K
PAYX Bought more +5K +$730K

3 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
IEF June 30, 2025 189,638 $18,085,776
VOE June 30, 2026 53,273 $9,817,148
IWM June 30, 2026 37,239 $9,235,234 -6.6%
SDS Dec. 31, 2025 603,932 $8,726,817 -22.1%
VEU Sept. 30, 2025 122,139 $8,210,178
SPXU Dec. 31, 2025 578,358 $7,813,617 -32.2%
RSP June 30, 2025 34,916 $6,048,499 16.2%
TNA March 31, 2026 128,722 $5,823,383 36.8%
SRTY June 30, 2026 140,619 $5,588,199 20.3%
QLD June 30, 2025 31,856 $2,831,362 67.6%
RSP June 30, 2026 14,329 $2,750,022 -0.8%
DOCU June 30, 2026 56,255 $2,667,049 58.6%
TLT Sept. 30, 2025 22,332 $1,970,800
XLV Sept. 30, 2025 11,579 $1,560,733 19.4%
QID June 30, 2025 40,874 $1,556,891 -49.5%
EWW June 30, 2025 26,974 $1,374,595
JPM Sept. 30, 2025 1,555 $450,773 5.5%
TSCO June 30, 2026 5,762 $261,026 -1.9%
KHC March 31, 2026 7,992 $208,124 -2.5%
DKS June 30, 2025 1,000 $201,560 -32.3%