Sector breakdown

04
Technology 9.1%
Energy 5.3%
Financials 3.3%
Healthcare 1.8%
Materials 1.2%
Consumer Discretionary 0.8%
Communication Services 0.8%
Utilities 0.6%
Industrials 0.3%
Other/Unmapped 76.7%

Full portfolio 62 positions

05
Type Streak 8Q trend
VTI VANGUARD INDEX FUNDS $12,520,691 9.95% 33,836 $1,586,381 Down ×1
AAPL Apple Inc. - Common Stock $8,801,912 6.99% 30,419 $1,082,574 Up ×5
USMV iShares Trust $8,095,791 6.43% 83,929 $915,304 Up ×1
ANGL VanEck ETF Trust $8,068,749 6.41% 275,949 $-81,901 Down ×3
SCHV SCHWAB STRATEGIC TRUST $5,460,645 4.34% 156,870 $280,830 Down ×5
JQUA J.P. Morgan Exchange-Traded Fund Trust $5,133,667 4.08% 71,025 $617,159 Down ×6
MTUM iShares Trust $4,082,142 3.24% 11,907 $151,060 Down ×3
FDL First Trust Exchange-Traded Fund $4,021,944 3.20% 82,654 $2,062,385 Up ×1
ET Energy Transfer LP Common Units $3,891,341 3.09% 203,522 $-257,406 Down ×1
IJR iShares Trust $3,693,661 2.93% 24,905 $553,093 Down ×4
JMBS Janus Detroit Street Trust $3,200,634 2.54% 71,141 $-369,309 Down ×2
CORP PIMCO ETF Trust $3,138,203 2.49% 32,386 $-178,939 Down ×2
VO VANGUARD INDEX FUNDS $3,047,171 2.42% 37,820 $340,307 Up ×4
JEPI J.P. Morgan Exchange-Traded Fund Trust $3,023,374 2.40% 53,530 $413,033 Up ×1
ACWI iShares MSCI ACWI ETF $2,844,557 2.26% 18,122 $-908,217 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,725,124 2.17% 5,446 $65,564 Down ×5
SHV iShares 0-1 Year Treasury Bond ETF $2,517,194 2.00% 22,811 $79,893 Up ×1
ZROZ PIMCO ETF Trust $2,455,030 1.95% 38,300 $-1,138,555 Down ×2
VNQ VANGUARD SPECIALIZED FUNDS $2,363,596 1.88% 24,511 $173,504 Down ×2
IBM International Business Machines Corporation Common Stock $2,166,352 1.72% 7,704 $1,555,669 Up ×2
PGX Invesco Exchange-Traded Fund Trust II $2,126,862 1.69% 196,205 $543,517 Up ×1
SGOV iShares Trust $2,105,039 1.67% 20,910 $23,174 Up ×1
RSP Invesco Exchange-Traded Fund Trust $2,033,364 1.62% 9,557 $770,274 Up ×2
KMI Kinder Morgan, Inc. Common Stock $1,997,751 1.59% 62,488 $-155,446 Down ×5
VIOO VANGUARD ADMIRAL FUNDS $1,828,483 1.45% 13,294 $301,911
SPDN Direxion Shares ETF Trust $1,677,272 1.33% 193,457 $336,888 Up ×1
HDEF DBX ETF Trust $1,667,327 1.32% 51,877 $-454,037 Down ×4
BIV VANGUARD BOND INDEX FUNDS $1,133,366 0.90% 14,777 $5,257 Up ×6
SSPY Exchange Listed Funds Trust $1,118,392 0.89% 11,509 $102,319
IVW iShares Trust $1,091,867 0.87% 7,939 $193,899
NEM Newmont Corporation $1,020,021 0.81% 10,921 $-162,177
MGA Magna International, Inc. Common Stock $1,013,396 0.81% 15,434 $54,859 Down ×4
IVV iShares Trust $969,279 0.77% 1,294 $124,084
EPD Enterprise Products Partners L.P. Common Stock $828,497 0.66% 22,538 $-24,341
VOO VANGUARD INDEX FUNDS $828,293 0.66% 1,206 $107,648
DUK Duke Energy Corporation (Holding Company) Common Stock $804,796 0.64% 6,358 $-49,849 Down ×5
GILD Gilead Sciences, Inc. - Common Stock $792,025 0.63% 6,269 $-91,999 Down ×5
ABBV AbbVie Inc. Common Stock $761,463 0.60% 3,026 $346,057 Up ×1
PFE Pfizer, Inc. Common Stock $740,797 0.59% 30,764 $-163,154 Down ×5
PRU Prudential Financial, Inc. Common Stock $703,704 0.56% 6,520 $324,667 Up ×2
BEN Franklin Resources, Inc. Common Stock $693,613 0.55% 20,848 $145,416 Down ×5
QQQ Invesco QQQ Trust, Series 1 $688,703 0.55% 935 $150,639 Up ×1
MSFT Microsoft Corporation - Common Stock $545,808 0.43% 1,463
NUV Nuveen Municipal Value Fund, Inc. Common Stock $537,443 0.43% 58,291 $-2,362 Down ×1
DOW Dow Inc. Common Stock $537,104 0.43% 19,631 $-575,034 Down ×3
AMLP ALPS ETF Trust $507,330 0.40% 9,785 $3,970 Up ×2
MDST Westwood Salient Enhanced Midstream Income ETF $503,602 0.40% 17,468 $-26,814 Down ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS $497,050 0.39% 9,827 $6,781
VUG VANGUARD INDEX FUNDS $469,763 0.37% 5,453 $72,939 Up ×1
SPY SPY $447,301 0.36% 599 $58,741 Up ×6
IBIT iShares Bitcoin Trust ETF $444,388 0.35% 13,349 $-68,481
VZ Verizon Communications Inc. Common Stock $428,465 0.34% 10,120 $-90,333 Down ×5
JPEM J.P. Morgan Exchange-Traded Fund Trust $381,577 0.30% 6,078 $-32,373 Down ×6
GSIE Goldman Sachs ETF Trust $371,404 0.30% 8,127 $-19,785 Down ×6
OSEA Harbor ETF Trust $359,688 0.29% 11,778 $18,726
GOOG Alphabet Inc. - Class C Capital Stock $328,675 0.26% 930 $61,938
NRGV Energy Vault Holdings, Inc. Common Stock $320,143 0.25% 67,971 $96,416 Up ×3
GLD SPDR Gold Shares $309,808 0.25% 841 $-52,066
TBF ProShares Trust $299,507 0.24% 12,361 $-228,877 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $252,452 0.20% 706 $49,435
IWD iShares Trust $227,448 0.18% 938 Up ×1
SPGP Invesco Exchange-Traded Fund Trust $219,755 0.17% 1,797

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AAPL $8,801,912 6.99% up ×5
VO $3,047,171 2.42% up ×4
BIV $1,133,366 0.90% up ×6
SPY $447,301 0.36% up ×6
NRGV $320,143 0.25% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MSFT $545,808 1,463 0.43%
IWD $227,448 938 0.18%
SPGP $219,755 1,797 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
FDL Bought more +44K +$2.1M
VTI Trimmed -247 +$1.6M
IBM Bought more +5K +$1.6M
ZROZ Trimmed -18K -$1.1M
AAPL Bought more +3 +$1.1M
USMV Bought more +7K +$915K
ACWI Trimmed -9K -$908K
RSP Bought more +3K +$770K
JQUA Trimmed -3K +$617K
DOW Trimmed -7K -$575K

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
CPB June 30, 2026 108,889 $2,424,958 -11.9%
GDX June 30, 2025 25,731 $1,182,835 68.6%
TBF June 30, 2025 35,051 $827,204
SHUS June 30, 2025 17,419 $735,887
PNC Dec. 31, 2025 2,825 $567,627 5.9%
QQQ Dec. 31, 2025 919 $551,722 21.2%
CMCSA Dec. 31, 2025 12,505 $392,907 -23.0%
SCHD June 30, 2026 10,094 $309,684 4.7%
T March 31, 2026 10,714 $266,133 -16.2%
MSFT March 31, 2026 514 $248,573 39.8%
SPGP March 31, 2026 1,797 $204,606