Sector breakdown

04
Materials 2.3%
Technology 0.3%
Retail 0.3%
Other/Unmapped 97.0%

Full portfolio 32 positions

05
Type Streak 8Q trend
ORR Militia Long/Short Equity ETF $9,142,906 11.95% 251,732 $118,433 Up ×1
WCPB Weitz Core Plus Bond ETF $8,214,425 10.73% 324,040 $93,427 Up ×1
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund $7,552,319 9.87% 123,616 $-54,618 Up ×1
TFPN Blueprint Chesapeake Multi-Asset Trend ETF $7,387,553 9.65% 234,460 $874,215 Up ×4
GLDM SPDR Gold MiniShares Trust $5,804,331 7.58% 73,084 $-910,040 Up ×1
XOP SPDR SERIES TRUST $3,613,473 4.72% 23,425 $-520,978 Up ×1
BOXX EA Series Trust $2,798,802 3.66% 23,903 Up ×1
TYA Simplify Intermediate Term Treasury Futures Strategy ETF $2,775,672 3.63% 217,408 $-65,082 Up ×1
RSBA Tidal Trust II $2,731,878 3.57% 129,765 $72,078 Up ×1
RSST Tidal Trust II $2,512,978 3.28% 76,873 $410,247 Up ×1
VABS Virtus Newfleet ABS/MBS ETF $2,264,764 2.96% 93,701 $26,160 Up ×4
DCRE DoubleLine ETF Trust $2,229,365 2.91% 43,034 $29,431 Up ×4
CLIP Global X Funds $2,186,108 2.86% 21,787 $-4,307,284 Down ×2
COWZ Pacer Funds Trust $2,045,591 2.67% 32,887 $23,089 Up ×3
XLF SELECT SECTOR SPDR TRUST $1,766,695 2.31% 32,955 $130,524 Down ×1
XLB XLB $1,760,579 2.30% 34,637 $35,565 Up ×1
VDE Vanguard Energy ETF $1,731,049 2.26% 11,530 $-253,720 Up ×2
XLK SELECT SECTOR SPDR TRUST $1,662,287 2.17% 8,725 Up ×1
XLC SELECT SECTOR SPDR TRUST $1,454,290 1.90% 13,575
DTAN EA Series Trust $1,191,339 1.56% 37,846 $76,383 Up ×2
SHY iShares 1-3 Year Treasury Bond ETF $1,098,385 1.44% 13,377 $-6,154
SGOL abrdn Physical Gold Shares ETF $950,742 1.24% 24,869 $-167,167 Down ×6
UTEN US Treasury 10 Year Note ETF $640,427 0.84% 14,825 $-5,952
AEM Agnico Eagle Mines Limited Common Stock $577,084 0.75% 3,720 $-178,002
AGI Alamos Gold Inc. Class A Common Shares $511,047 0.67% 16,844 $-237,332
NEM Newmont Corporation $393,027 0.51% 4,208 $-62,489
BILS SPDR SERIES TRUST $316,028 0.41% 3,180 $-191
B Barrick Mining Corporation Common Shares $307,136 0.40% 8,362 $-33,950
EMXC iShares MSCI Emerging Markets ex China ETF $283,780 0.37% 2,774 Up ×1
MSFT Microsoft Corporation - Common Stock $252,162 0.33% 676 $1,927
COST Costco Wholesale Corporation - Common Stock $237,609 0.31% 254 $-15,484
IAUX CUSIP: 44955L106 $132,106 0.17% 91,740 $-7,339

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
TFPN $7,387,553 9.65% up ×4
VABS $2,264,764 2.96% up ×4
DCRE $2,229,365 2.91% up ×4
COWZ $2,045,591 2.67% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BOXX $2,798,802 23,903 3.66%
XLK $1,662,287 8,725 2.17%
XLC $1,454,290 13,575 1.90%
EMXC $283,780 2,774 0.37%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
CLIP Trimmed -43K -$4.3M
GLDM Bought more +645 -$910K
TFPN Bought more +265 +$874K
XOP Bought more +687 -$521K
RSST Bought more +3K +$410K
VDE Bought more +60 -$254K
AGI Price move only +0 -$237K
AEM Price move only +0 -$178K
SGOL Trimmed -185 -$167K
XLF Trimmed -186 +$131K

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
TOTL March 31, 2026 188,134 $7,572,394
VFH June 30, 2025 25,949 $3,100,127
VOX June 30, 2025 19,065 $2,829,055
VDE June 30, 2025 20,604 $2,672,545
XLC Dec. 31, 2025 17,306 $2,048,511 -5.2%
VHT March 31, 2026 5,579 $1,605,915
VPU June 30, 2026 7,832 $1,551,832
XLV Sept. 30, 2025 11,252 $1,516,657 20.3%
XLP June 30, 2026 18,473 $1,514,417 No longer tracked
OXY Dec. 31, 2025 31,520 $1,489,298 41.8%
SLV March 31, 2026 19,320 $1,244,594 -19.1%
ORCL March 31, 2026 1,335 $260,205 -3.1%
CRSP Dec. 31, 2025 3,643 $236,103 9.3%
IEF March 31, 2026 2,133 $205,109
NGD March 31, 2026 19,105 $166,405 No longer tracked