Sincerus Advisory, LLC

CIK 2050968 · View on SEC EDGAR ↗

Portfolio value QoQ: +11.6% 13F does not disclose cash

Top 10 holdings weight52.09%

Top 25 holdings weight76.89%

Positions above 1%29

Effective number of positions21.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.35% Est. buys $8,090,801 · sells $3,275,423

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 96.4% still held

New positions6

Increased48

Decreased23

Closed1

Portfolio value $147.3M #7,506 of 9,337 by 13F value · top 80.4%

Positions 81

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 5.8%

Communication Services 1.6%

Retail 0.3%

Consumer Discretionary 0.3%

Real Estate 0.2%

Financials 0.0%

Other/Unmapped 91.8%

Full portfolio 81 positions

					Streak
SPY SPY	$22,784,381	15.47%	30,511	$2,817,898	Down ×1
EFA iShares Trust	$10,755,983	7.30%	103,542	$877,585	Up ×6
IWR iShares Russell Mid-Cap ETF	$8,821,007	5.99%	79,958	$1,056,792	Up ×6
MUB iShares Trust	$5,837,171	3.96%	54,239	$273,294	Up ×4
AGG iShares Trust	$5,551,664	3.77%	56,089	$700,327	Up ×6
VEA Vanguard FTSE Developed Markets ETF	$4,996,710	3.39%	70,129	$597,226	Up ×4
VIG Vanguard Div Appreciation ETF	$4,981,869	3.38%	21,054	$393,509	Down ×1
IWM iShares Russell 2000 Index Fund	$4,897,866	3.33%	16,302	$806,122	Down ×2
DOCN DigitalOcean Holdings, Inc. Common Stock	$4,314,242	2.93%	27,474	$785,596	Down ×1
ESGD iShares ESG Aware MSCI EAFE ETF	$3,760,652	2.55%	36,579	$326,142	Up ×6
VTEB Vanguard Tax-Exempt Bond ETF	$3,197,171	2.17%	63,210	$25,471	Down ×1
VO Vanguard Morningstar Mid-Cap ETF	$3,148,392	2.14%	39,076	$251,359	Up ×6
RSP Invesco Exchange-Traded Fund Trust	$3,128,461	2.12%	14,703	$274,864	Down ×1
HELO J.P. Morgan Exchange-Traded Fund Trust	$3,047,810	2.07%	45,099	$441,375	Up ×4
EEM iShares, Inc.	$2,612,564	1.77%	38,190	$400,999	Down ×2
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF	$2,560,199	1.74%	26,547	$209,871	Up ×6
SCZ iShares MSCI EAFE Small-Cap ETF	$2,523,922	1.71%	30,679	$158,543	Up ×6
GLD SPDR Gold Shares	$2,507,563	1.70%	6,807	$-521,248	Down ×3
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF	$2,293,919	1.56%	14,868	$163,450	Up ×4
AAPL Apple Inc. - Common Stock	$2,120,606	1.44%	7,329	$284,407	Up ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF	$2,030,160	1.38%	24,563	$-11,507	Down ×1
JNK State Street SPDR Bloomberg High Yield Bond ETF	$1,925,273	1.31%	19,978	$14,006	Up ×5
NULV Nushares ETF Trust	$1,879,098	1.28%	37,589	$155,718	Down ×1
REZ iShares Trust	$1,776,732	1.21%	18,764	$247,323	Up ×4
IWF iShares Russell 1000 Growth Fund	$1,775,510	1.21%	14,299	$229,757	Up ×4
IGF iShares Global Infrastructure ETF	$1,738,786	1.18%	26,108	$56,479	Up ×5
BND Vanguard Total Bond Market ETF	$1,525,490	1.04%	20,780	$-85,807	Down ×1
VNQI Vanguard Global ex-U.S. Real Estate ETF	$1,486,899	1.01%	33,153	$57,409	Up ×6
QQQ Invesco QQQ Trust, Series 1	$1,473,987	1.00%	2,002	$332,866	Up ×5
DFAU Dimensional ETF Trust	$1,454,976	0.99%	28,148	$115,714	Down ×2
DEM WisdomTree Trust	$1,402,884	0.95%	26,081	$93,076	Down ×3
JUST Goldman Sachs ETF Trust	$1,385,001	0.94%	12,981	$193,580	Up ×2
VNQ Vanguard Real Estate ETF	$1,326,401	0.90%	13,755	$120,608	Up ×1
META Meta Platforms, Inc. - Class A Common Stock	$1,303,487	0.89%	2,314	$572	Up ×3
IVV iShares Trust	$1,280,325	0.87%	1,710	$128,220	Down ×1
LQD iShares Trust	$919,949	0.62%	8,434	$-30,609	Down ×3
VPL Vanguard FTSE Pacific ETF	$878,550	0.60%	7,594	$136,388
SGOV iShares Trust	$852,034	0.58%	8,464	$240,766	Up ×1
NVDA NVIDIA Corporation - Common Stock	$819,388	0.56%	4,095	$134,600	Up ×2
DFUS Dimensional ETF Trust	$731,269	0.50%	8,924	$74,391	Down ×1
VCRM Vanguard Core Tax-Exempt Bond ETF	$676,664	0.46%	8,857	$248,009	Up ×1
VOO Vanguard S&P 500 ETF	$676,405	0.46%	985	$92,924	Up ×3
DFAS Dimensional ETF Trust	$637,477	0.43%	7,742	$70,263	Down ×2
PFF iShares Preferred and Income Securities ETF	$629,012	0.43%	20,630	$-1,167	Down ×3
VGK Vanguard FTSEEuropean ETF	$617,800	0.42%	6,978	$50,408	Up ×1
VTI Vanguard Morningstar Total Stock Market ETF	$615,746	0.42%	1,664	$82,920	Up ×1
GII State Street SPDR S&P Global Infrastructure ETF	$574,672	0.39%	7,590	$9,290	Up ×1
GOOGL Alphabet Inc. - Class A Common Stock	$540,970	0.37%	1,514	$127,006	Up ×4
GOOG Alphabet Inc. - Class C Capital Stock	$527,930	0.36%	1,494	$84,785	Down ×4
NACP Tidal Trust III	$523,910	0.36%	8,617	$117,148	Up ×2
DFAE Dimensional ETF Trust	$517,305	0.35%	12,865	$112,229	Up ×2
AMZN Amazon.com, Inc. - Common Stock	$464,048	0.32%	1,947	$62,920	Up ×5
JMST JPMorgan Ultra-Short Municipal Income ETF	$446,864	0.30%	8,762	$6,894	Up ×3
JEPI JPMorgan Equity Premium Income ETF	$444,795	0.30%	7,875	$236	Up ×1
ITOT iShares Trust	$443,714	0.30%	2,701	$59,235	Up ×6
RWO SPDR INDEX SHARES FUNDS	$425,551	0.29%	8,561	$131,584	Up ×3
VTWO Vanguard Russell 2000 ETF	$400,913	0.27%	3,302	$70,453	Up ×2
IAU iShares Gold Trust Shares	$387,593	0.26%	5,133	$-64,932
AMD Advanced Micro Devices, Inc. - Common Stock	$358,421	0.24%	617		Up ×1
MSFT Microsoft Corporation - Common Stock	$342,272	0.23%	918	$13,763	Up ×5
VWO Vanguard FTSE Emerging Markets ETF	$320,373	0.22%	5,367	$63,120	Up ×3
VSGX Vanguard ESG International Stock ETF	$317,703	0.22%	3,858	$46,795	Up ×2
BRZE Braze, Inc. - Class A Common Stock	$298,585	0.20%	13,766	$-50,040	Down ×1
DTEC ALPS ETF Trust	$294,766	0.20%	6,122	$-17,413	Down ×1
AVGO Broadcom Inc. - Common Stock	$289,051	0.20%	765	$65,607	Up ×2
JMUB JPMorgan Municipal ETF	$283,875	0.19%	5,604	$54,731	Up ×2
XLV SELECT SECTOR SPDR TRUST	$282,837	0.19%	1,783	$8,416	Down ×1
BNL Broadstone Net Lease, Inc. Common Stock	$276,518	0.19%	13,378	$35,629	Up ×2
HYMB SPDR SERIES TRUST	$266,561	0.18%	10,478	$16,624	Up ×2
JPST JPMorgan Ultra-Short Income ETF	$258,377	0.18%	5,109	$29,622	Up ×1
VWOB Vanguard Emerging Markets Government Bond ETF	$252,573	0.17%	3,756	$9,446	Up ×1
SHE SPDR SERIES TRUST	$248,410	0.17%	1,608	$28,086	Down ×1
EWY iShares MSCI South Korea ETF	$245,107	0.17%	1,214		Up ×1
DASH DoorDash, Inc. - Common Stock	$243,026	0.17%	1,317
FEZ SPDR INDEX SHARES FUNDS	$233,651	0.16%	3,402	$25,664	Up ×1
IEFA iShares Core MSCI EAFE ETF	$229,191	0.16%	2,373	$15,198	Up ×1
TSLA Tesla, Inc. - Common Stock	$211,141	0.14%	502		Up ×1
SIVR abrdn Physical Silver Shares ETF	$210,263	0.14%	3,740	$-57,558
QAI New York Life Investments ETF Trust	$208,379	0.14%	5,693
EFIV SPDR SERIES TRUST	$203,452	0.14%	2,790		Up ×1
LDI loanDepot, Inc. Class A Common Stock	$20,161	0.01%	16,129	$-2,742
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

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

Security	Value	% of portfolio	Streak
EFA	$10,755,983	7.30%	up ×6
IWR	$8,821,007	5.99%	up ×6
MUB	$5,837,171	3.96%	up ×4
AGG	$5,551,664	3.77%	up ×6
VEA	$4,996,710	3.39%	up ×4
ESGD	$3,760,652	2.55%	up ×6
VO	$3,148,392	2.14%	up ×6
HELO	$3,047,810	2.07%	up ×4
EMB	$2,560,199	1.74%	up ×6
SCZ	$2,523,922	1.71%	up ×6
VSS	$2,293,919	1.56%	up ×4
JNK	$1,925,273	1.31%	up ×5
REZ	$1,776,732	1.21%	up ×4
IWF	$1,775,510	1.21%	up ×4
IGF	$1,738,786	1.18%	up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
AMD	$358,421	617	0.24%
EWY	$245,107	1,214	0.17%
DASH	$243,026	1,317	0.17%
TSLA	$211,141	502	0.14%
QAI	$208,379	5,693	0.14%
EFIV	$203,452	2,790	0.14%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
SPY	Trimmed	-191	+$2.8M
IWR	Bought more	+104	+$1.1M
EFA	Bought more	+2K	+$878K
IWM	Trimmed	-197	+$806K
DOCN	Trimmed	-14K	+$786K
AGG	Bought more	+7K	+$700K
VEA	Bought more	+1K	+$597K
GLD	Trimmed	-232	-$521K
HELO	Bought more	+4K	+$441K
EEM	Trimmed	-753	+$401K

Exited positions

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.

Security	Quarter	Shares before	Value before	Price since exit
DASH	March 31, 2026	1,021	$231,236	27.7%
XLE	June 30, 2026	3,668	$224,711	19.5%
BNL	Sept. 30, 2025	13,805	$219,220	3.0%
HYG	March 31, 2026	2,684	$216,441
JMUB	June 30, 2025	4,077	$203,865
QAI	March 31, 2026	6,043	$202,503