Sector breakdown

04
Technology 4.6%
Financials 2.7%
Industrials 2.2%
Healthcare 2.0%
Communication Services 1.9%
Energy 1.9%
Retail 1.2%
Consumer Discretionary 0.9%
Materials 0.9%
Utilities 0.7%
Consumer Staples 0.6%
Real Estate 0.5%
Consumer products 0.3%
Other/Unmapped 79.6%

Full portfolio 792 positions

05
Type Streak 8Q trend
SPTM SPDR SERIES TRUST $77,950,042 14.52% 858,575 $12,685,759 Up ×3
VTI VANGUARD INDEX FUNDS $51,828,939 9.66% 140,063 $6,446,812 Down ×4
VCIT Vanguard Intermediate-Term Corporate Bond ETF $43,278,515 8.06% 523,636 $4,016,288 Up ×4
JPST J.P. Morgan Exchange-Traded Fund Trust $34,475,535 6.42% 681,739 $-1,838,146 Down ×1
SCHF SCHWAB STRATEGIC TRUST $27,303,870 5.09% 985,699 $4,448,698 Up ×6
BIV VANGUARD BOND INDEX FUNDS $25,900,682 4.83% 337,688 $-2,698,842 Down ×5
JMST J.P. Morgan Exchange-Traded Fund Trust $13,396,221 2.50% 262,671 $-343,093 Down ×1
SPDW SPDR INDEX SHARES FUNDS $13,067,195 2.43% 259,321 $2,243,571 Up ×1
VEA VANGUARD TAX-MANAGED FUNDS $10,960,151 2.04% 153,827 $1,026,426 Down ×6
JMUB J.P. Morgan Exchange-Traded Fund Trust $10,681,873 1.99% 210,875 $1,405,529 Up ×6
SCHO SCHWAB STRATEGIC TRUST $9,441,708 1.76% 391,123 $73,392 Up ×4
BBUS J.P. Morgan Exchange-Traded Fund Trust $9,410,192 1.75% 69,850 $1,672,211 Up ×2
SCHX SCHWAB STRATEGIC TRUST $7,813,382 1.46% 265,490 $813,190 Down ×6
IEMG iShares, Inc. $7,083,151 1.32% 85,504 $1,737,720 Up ×6
VYM VANGUARD WHITEHALL FUNDS $6,229,069 1.16% 39,417 $368,456 Down ×2
NVDA NVIDIA Corporation - Common Stock $4,695,719 0.87% 23,468 $734,397 Up ×2
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF $4,217,480 0.79% 83,730 $-269,617 Down ×6
SCHB SCHWAB STRATEGIC TRUST $4,213,275 0.78% 145,486 $557,284 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $4,125,481 0.77% 11,676 $750,286 Down ×1
AAPL Apple Inc. - Common Stock $3,705,348 0.69% 12,805 $578,573 Up ×2
PSK SPDR SERIES TRUST $3,499,044 0.65% 114,610 $343,957 Up ×4
SPSB SPDR SERIES TRUST $3,349,241 0.62% 111,604 $-24,377 Down ×6
MSFT Microsoft Corporation - Common Stock $2,748,334 0.51% 7,368 $-6,404 Down ×1
MUB iShares Trust $2,748,077 0.51% 25,535 $130,630 Up ×1
SHYG iShares Trust $2,513,768 0.47% 59,273 $333,830 Up ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $2,459,008 0.46% 5,149 $748,643 Up ×3
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $2,320,540 0.43% 24,062 $213,408 Up ×4
VYMI Vanguard International High Dividend Yield ETF $2,181,611 0.41% 22,216 $104,844 Up ×1
AVGO Broadcom Inc. - Common Stock $2,166,774 0.40% 5,736 $414,019 Up ×3
JPM JP Morgan Chase & Co. Common Stock $2,059,560 0.38% 6,292 $247,829 Up ×3
SCHJ SCHWAB STRATEGIC TRUST $1,947,893 0.36% 78,990 $-8,374 Down ×3
ITOT iShares Trust $1,885,820 0.35% 11,480 $249,584 Down ×1
VCSH Vanguard Short-Term Corporate Bond ETF $1,841,172 0.34% 23,297 $-10,586 Down ×3
Unknown issuer (CUSIP: 30233Q108) $1,841,098 0.34% 13,466 Up ×1
JCPB J.P. Morgan Exchange-Traded Fund Trust $1,823,197 0.34% 38,841 $78,083 Up ×1
CAT Caterpillar, Inc. Common Stock $1,794,374 0.33% 1,685 $663,672 Up ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $1,741,757 0.32% 29,180 $132,794 Down ×1
SJNK SPDR SERIES TRUST $1,715,617 0.32% 68,542 $9,098 Up ×4
BIL SPDR SERIES TRUST $1,581,157 0.29% 17,254 $-1,924,348 Down ×1
MBB iShares MBS ETF $1,536,234 0.29% 16,253 $150,249 Up ×4
SUB iShares Trust $1,525,183 0.28% 14,325 $-857,755 Down ×1
CMBS iShares Trust $1,494,236 0.28% 30,714 $157,377 Up ×4
SPEM SPDR INDEX SHARES FUNDS $1,479,606 0.28% 28,575 $147,275 Up ×1
GSEW Goldman Sachs ETF Trust $1,476,823 0.28% 15,641 $1,449,732 Up ×1
MU Micron Technology, Inc. - Common Stock $1,389,765 0.26% 1,204 $983,006
BSV VANGUARD BOND INDEX FUNDS $1,347,524 0.25% 17,296 $-302,450 Down ×6
VLO Valero Energy Corporation Common Stock $1,284,490 0.24% 4,932 $65,891
AMD Advanced Micro Devices, Inc. - Common Stock $1,271,612 0.24% 2,189 $869,227 Up ×1
WMT Walmart Inc. - Common Stock $1,257,526 0.23% 11,103 $-102,470 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,230,788 0.23% 5,164 $205,683 Up ×1
CVX Chevron Corporation Common Stock $1,162,066 0.22% 7,011 $-220,757 Up ×1
SLV iShares Silver Trust $1,128,538 0.21% 21,106 $-309,625
GS Goldman Sachs Group, Inc. (The) Common Stock $1,120,598 0.21% 1,108 $250,920 Up ×1
COP ConocoPhillips Common Stock $1,095,219 0.20% 10,535 $-254,217 Up ×4
GLD SPDR Gold Shares $1,054,672 0.20% 2,863 $-177,248
PFF iShares Preferred and Income Securities ETF $1,044,862 0.19% 34,269 $52,367 Up ×1
ABBV AbbVie Inc. Common Stock $1,040,585 0.19% 4,135 $171,884 Up ×2
MPC Marathon Petroleum Corporation Common Stock $1,032,140 0.19% 4,037 $46,385
JNJ Johnson & Johnson Common Stock $996,578 0.19% 3,924 $65,017 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $987,269 0.18% 1,973 $596 Down ×2
SPIB SPDR SERIES TRUST $969,370 0.18% 28,971 $-77,715 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $931,664 0.17% 2,607 $238,357 Up ×1
LLY Eli Lilly and Company Common Stock $897,174 0.17% 748 $299,323 Up ×1
PSX Phillips 66 Common Stock $863,169 0.16% 5,106 $-67,042
MS Morgan Stanley Common Stock $850,166 0.16% 4,067 $205,710 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $840,992 0.16% 1,493 $69,189 Up ×5
HIMU iShares High Yield Muni Active ETF $821,899 0.15% 16,504 $390,799 Up ×5
GE GE Aerospace Common Stock $814,932 0.15% 2,181 $182,257 Down ×1
SCHI SCHWAB STRATEGIC TRUST $798,784 0.15% 35,282 $-1,412
SHV iShares 0-1 Year Treasury Bond ETF $787,237 0.15% 7,134 $-219,409 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $786,042 0.15% 6,692 $293,656 Up ×3
C Citigroup, Inc. Common Stock $766,011 0.14% 5,473 $189,321 Up ×1
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $745,756 0.14% 9,618 $-92,145 Up ×1
VCLT Vanguard Long-Term Corporate Bond ETF $745,728 0.14% 9,910 $-2,742 Down ×6
SOXX iShares Trust $745,204 0.14% 1,163 $362,972
MRK Merck & Company, Inc. Common Stock (new) $728,870 0.14% 5,672 $111,782 Up ×2
ESGU iShares ESG Aware MSCI USA ETF $706,645 0.13% 4,318 $87,579 Down ×4
QQQ Invesco QQQ Trust, Series 1 $698,107 0.13% 948 $150,940
SCHE SCHWAB STRATEGIC TRUST $697,389 0.13% 19,233 $63,662
ASML ASML Holding N.V. - New York Registry Shares $696,304 0.13% 350 $260,430 Up ×1
SCHD SCHWAB STRATEGIC TRUST $683,097 0.13% 21,542 $-36,073 Down ×2
COST Costco Wholesale Corporation - Common Stock $681,958 0.13% 729 $-30,489 Up ×4
ETN Eaton Corporation, PLC Ordinary Shares $677,105 0.13% 1,589 $128,082 Up ×5
RSP Invesco Exchange-Traded Fund Trust $649,558 0.12% 3,053 $49,258 Down ×5
KO Coca-Cola Company (The) Common Stock $644,037 0.12% 7,925 $62,737 Up ×1
ORCL Oracle Corporation Common Stock $624,596 0.12% 4,262 $44,394 Up ×2
HD Home Depot, Inc. (The) Common Stock $623,186 0.12% 1,767 $95,646 Up ×1
BAC Bank of America Corporation Common Stock $617,425 0.12% 10,836 $146,597 Up ×3
MCD McDonald's Corporation Common Stock $616,307 0.11% 2,280 $-82,038 Up ×3
DELL Dell Technologies Inc. Class C Common Stock $606,633 0.11% 1,406 $375,866
V Visa Inc. $606,240 0.11% 1,767 $108,451 Up ×1
RTX RTX Corporation Common Stock $590,060 0.11% 3,110 $65,951 Up ×1
MAR Marriott International - Class A Common Stock $580,715 0.11% 1,567 $68,196
SCCO Southern Copper Corporation Common Stock $579,415 0.11% 3,325 $21,080 Up ×6
AXP American Express Company Common Stock $574,010 0.11% 1,697 $182,298 Up ×2
TMO Thermo Fisher Scientific Inc Common Stock $571,550 0.11% 1,140 $884 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $571,076 0.11% 1,374 $200,368 Up ×2
IBM International Business Machines Corporation Common Stock $557,780 0.10% 1,983 $102,451 Up ×2
NEAR iShares U.S. ETF Trust $542,959 0.10% 10,718 $-74,596 Down ×6
SCHW Charles Schwab Corporation (The) Common Stock $535,535 0.10% 5,804 $4,548 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
SPTM $77,950,042 14.52% up ×3
VCIT $43,278,515 8.06% up ×4
SCHF $27,303,870 5.09% up ×6
JMUB $10,681,873 1.99% up ×6
SCHO $9,441,708 1.76% up ×4
IEMG $7,083,151 1.32% up ×6
PSK $3,499,044 0.65% up ×4
SHYG $2,513,768 0.47% up ×6
TSM $2,459,008 0.46% up ×3
EMB $2,320,540 0.43% up ×4
AVGO $2,166,774 0.40% up ×3
JPM $2,059,560 0.38% up ×3
SJNK $1,715,617 0.32% up ×4
MBB $1,536,234 0.29% up ×4
CMBS $1,494,236 0.28% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 30233Q108) $1,841,098 13,466 0.34%
AZN $388,911 2,051 0.07%
SCMB $284,356 11,013 0.05%
KNX $191,560 2,460 0.04%
Unknown issuer (CUSIP: 438516205) $169,045 755 0.03%
Unknown issuer (CUSIP: 43849R105) $166,915 755 0.03%
Unknown issuer (CUSIP: 26614N201) $133,198 982 0.02%
Unknown issuer (CUSIP: 84615Q103) $66,977 392 0.01%
Unknown issuer (CUSIP: 314352105) $62,665 415 0.01%
IWS $41,973 255 0.01%
ESML $24,497 438 0.00%
Unknown issuer (CUSIP: 31556C106) $14,732 504 0.00%
SPOT $11,937 26 0.00%
DOW $11,546 422 0.00%
NOK $10,624 800 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPTM Bought more +33K +$12.7M
VTI Trimmed -1K +$6.4M
SCHF Bought more +62K +$4.4M
VCIT Bought more +49K +$4.0M
BIV Trimmed -33K -$2.7M
SPDW Bought more +22K +$2.2M
BIL Trimmed -21K -$1.9M
JPST Trimmed -36K -$1.8M
IEMG Bought more +9K +$1.7M
BBUS Bought more +4K +$1.7M

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
XOM June 30, 2026 13,006 $2,206,631 20.0%
HON June 30, 2026 1,546 $349,442 -4.4%
AZN March 31, 2026 3,214 $295,463 -20.4%
UL (filed as ULXXXX) Dec. 31, 2025 4,324 $256,327 -8.7%
VSDM June 30, 2026 3,202 $244,281
VDE June 30, 2025 1,779 $230,754
TTE Dec. 31, 2025 3,766 $224,793 29.0%
FBTC March 31, 2026 2,219 $169,154
HES Sept. 30, 2025 1,050 $145,467 No longer tracked
DD June 30, 2026 2,955 $135,339 -4.2%
K Dec. 31, 2025 1,590 $130,412 No longer tracked
KDP Sept. 30, 2025 3,221 $106,486 19.1%
GT Sept. 30, 2025 9,300 $96,441 -35.3%
GMUB June 30, 2026 1,769 $90,131
SBAC Sept. 30, 2025 332 $77,967 -18.0%
GUMI June 30, 2026 1,488 $75,032
DVY June 30, 2025 500 $67,145
MOH Sept. 30, 2025 213 $63,453 -1.0%
PPC Sept. 30, 2025 1,372 $61,713 -32.5%
LULU Sept. 30, 2025 253 $60,108 -46.9%
HOLX June 30, 2026 726 $54,878 No longer tracked
KNX Sept. 30, 2025 1,160 $51,307 69.0%
CAG Sept. 30, 2025 2,383 $48,780 -27.0%
SPTL June 30, 2025 1,684 $45,906
BSCP Dec. 31, 2025 2,000 $41,380 No longer tracked
FLOT Dec. 31, 2025 800 $40,868
RMD June 30, 2026 176 $39,508 12.3%
CCOI Sept. 30, 2025 798 $38,472 -77.9%
KLG Sept. 30, 2025 2,353 $37,507 No longer tracked
MKC Sept. 30, 2025 493 $37,379 -33.2%
VAW June 30, 2025 177 $33,419
NLR Sept. 30, 2025 300 $33,354 -22.0%
RCL March 31, 2026 118 $32,913 0.9%
VHT June 30, 2025 122 $32,297
MTN March 31, 2026 243 $32,270 10.0%
VXUS June 30, 2025 500 $31,050
DLB Dec. 31, 2025 408 $29,527 -8.3%
IMCG Sept. 30, 2025 350 $28,081 15.2%
BOND June 30, 2025 295 $27,279 -4.9%
SDCI Sept. 30, 2025 1,210 $26,197
RSG June 30, 2026 111 $24,311 -1.7%
IUSB Sept. 30, 2025 495 $22,884
CGMS Sept. 30, 2025 825 $22,787
HEFA Sept. 30, 2025 577 $21,903
HUM June 30, 2026 118 $20,460 -2.2%
SOUN March 31, 2026 2,044 $20,379 -15.0%
DIVB March 31, 2026 379 $20,144
LVHI June 30, 2025 603 $19,519
OUSM Sept. 30, 2025 450 $19,445
BXSL Sept. 30, 2025 600 $18,450 -9.4%
RLJ June 30, 2025 2,250 $17,753 54.1%
IP Dec. 31, 2025 314 $14,570 -18.8%
NVR June 30, 2025 2 $14,489 -18.8%
PATH March 31, 2026 819 $13,423 18.2%
NWS June 30, 2025 418 $12,695 -7.8%
MDB March 31, 2026 30 $12,591 46.2%
SLGN Sept. 30, 2025 232 $12,570 -18.9%
WTV June 30, 2025 150 $12,326
HPE June 30, 2025 767 $11,835 239.0%
MTDR June 30, 2025 223 $11,393 12.1%
DPZ Dec. 31, 2025 26 $11,224 -28.6%
STLA March 31, 2026 1,023 $11,140 -37.9%
VICI Dec. 31, 2025 337 $10,990 -19.5%
ELV June 30, 2025 25 $10,874 -0.7%
X June 30, 2025 251 $10,607 No longer tracked
HUT March 31, 2026 229 $10,520 91.1%
EPR Sept. 30, 2025 175 $10,196 -2.7%
MTUM Dec. 31, 2025 39 $10,002
KBWP June 30, 2025 77 $9,593
KCE June 30, 2025 75 $9,463
VSTS Sept. 30, 2025 1,631 $9,346 209.7%
ACGL Dec. 31, 2025 103 $9,345 -2.4%
SNOW June 30, 2026 61 $9,200 34.0%
AMLP June 30, 2026 171 $9,001
AVY June 30, 2026 52 $8,979 4.6%
GMS June 30, 2025 120 $8,780 No longer tracked
CADE March 31, 2026 203 $8,697 No longer tracked
CNC Sept. 30, 2025 158 $8,576 76.5%
COIN June 30, 2026 49 $8,556 25.2%
PDCO June 30, 2025 265 $8,279 No longer tracked
FXU June 30, 2025 200 $8,202
RWO Sept. 30, 2025 185 $8,166
TECK Dec. 31, 2025 177 $7,769 43.2%
GNTX March 31, 2026 329 $7,645 1.1%
MTCH March 31, 2026 233 $7,524 31.3%
DFS June 30, 2025 44 $7,511 No longer tracked
MSTR June 30, 2026 60 $7,488 84.1%
STLA Sept. 30, 2025 749 $7,480 -52.9%
VTEB Dec. 31, 2025 133 $6,659
GTLS Sept. 30, 2025 40 $6,586 No longer tracked
ABNB March 31, 2026 45 $6,107 28.6%
STIP March 31, 2026 57 $5,836
DOW March 31, 2026 249 $5,822 -32.8%
PICB June 30, 2025 253 $5,620
MCI June 30, 2026 320 $5,517 1.4%
GOLD June 30, 2025 278 $5,404 90.7%
LYB Dec. 31, 2025 110 $5,394 35.3%
DYNF Sept. 30, 2025 95 $5,174
IWS Sept. 30, 2025 37 $4,889 16.9%
XYL March 31, 2026 35 $4,766 -14.8%
MGY Dec. 31, 2025 192 $4,583 10.0%
TTD Dec. 31, 2025 93 $4,558 -68.5%
PAA Dec. 31, 2025 260 $4,436 32.2%
ACM March 31, 2026 46 $4,385 -29.7%
CTSH March 31, 2026 51 $4,233 -4.6%
PAYC Dec. 31, 2025 19 $3,955 38.7%
CSL Dec. 31, 2025 12 $3,948 3.0%
JD Dec. 31, 2025 104 $3,638 -10.2%
SCZ Sept. 30, 2025 49 $3,561
SJT Sept. 30, 2025 593 $3,540 -37.7%
CTAS June 30, 2026 20 $3,383 13.5%
FISV Dec. 31, 2025 26 $3,352 -34.0%
IPG Dec. 31, 2025 119 $3,321 No longer tracked
WBA Sept. 30, 2025 284 $3,260 No longer tracked
PARA Sept. 30, 2025 250 $3,225
CLS June 30, 2025 40 $3,152 148.1%
CCL March 31, 2026 100 $3,054 -0.5%
IFRA June 30, 2025 65 $2,930
ILMN June 30, 2025 36 $2,856 186.2%
TIP June 30, 2025 25 $2,777
ARGX June 30, 2026 3 $2,191 -0.9%
MARA June 30, 2026 260 $2,122 -19.2%
SPOT Dec. 31, 2025 3 $2,094 -18.6%
SLYG June 30, 2025 25 $2,075 22.4%
BBDC June 30, 2025 210 $2,003 -5.6%
ZBH Sept. 30, 2025 20 $1,824 -10.4%
CRBG June 30, 2026 74 $1,766 18.9%
IQV June 30, 2025 10 $1,763 63.8%
IIPR Dec. 31, 2025 30 $1,607 6.7%
HUBS March 31, 2026 4 $1,605 -12.1%
CRWD June 30, 2026 4 $1,562 41.5%
KNSL June 30, 2026 4 $1,367 0.0%
IWN June 30, 2025 9 $1,359 35.3%
AMP June 30, 2026 3 $1,333 7.0%
MPT Dec. 31, 2025 250 $1,268 -34.6%
ALNY June 30, 2026 3 $993 -27.0%
BR June 30, 2026 6 $975 14.6%
FNF June 30, 2026 20 $928 -16.8%
BRBR June 30, 2026 54 $869 -42.6%
APP June 30, 2026 2 $796 -47.9%
INDI June 30, 2025 350 $712 -16.6%
INSW March 31, 2026 14 $680 58.9%
ELVR Dec. 31, 2025 27 $648 -29.5%
DOX June 30, 2026 9 $587 15.0%
PLL Sept. 30, 2025 78 $454 No longer tracked
FRI June 30, 2025 15 $413
FG March 31, 2026 1 $31 -13.4%