Sector breakdown

04
Technology 13.2%
Industrials 4.7%
Financials 4.4%
Retail 3.3%
Communication Services 3.2%
Healthcare 2.9%
Consumer Discretionary 1.6%
Energy 1.1%
Utilities 0.7%
Materials 0.5%
Real Estate 0.5%
Consumer Staples 0.4%
Consumer products 0.2%
Other/Unmapped 63.1%

Full portfolio 271 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $61,801,159 11.28% 703,245 $29,281,559 Up ×6
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $29,985,398 5.47% 251,999 $10,292,960 Up ×4
DYNF BlackRock ETF Trust $29,055,289 5.30% 427,221 $3,877,697 Down ×2
SPYV State Street SPDR Portfolio S&P 500 Value ETF $24,136,231 4.41% 397,043 $657,281 Down ×2
AAPL Apple Inc. - Common Stock $19,280,381 3.52% 66,631 $1,955,830 Down ×1
CORO iShares International Country Rotation Active ETF $18,006,651 3.29% 491,985 $2,810,275 Up ×1
CWI SPDR INDEX SHARES FUNDS $17,825,419 3.25% 438,294 $6,520,573 Up ×1
INRO iShares U.S. Industry Rotation Active ETF $14,514,867 2.65% 395,591 $2,489,824 Up ×6
NVDA NVIDIA Corporation - Common Stock $13,596,074 2.48% 67,950 $2,274,186 Up ×3
ARTY iShares Trust $11,567,406 2.11% 151,883 $2,195,194 Down ×1
MSFT Microsoft Corporation - Common Stock $10,861,351 1.98% 29,117 $-250,127 Down ×5
SPMO Invesco S&P 500 Momentum ETF $10,417,168 1.90% 64,487 $394,866 Down ×1
SHLD Global X Funds $9,169,804 1.67% 153,572 $1,003,323 Up ×3
AMZN Amazon.com, Inc. - Common Stock $9,071,697 1.66% 38,062 $1,315,097 Up ×1
AVGO Broadcom Inc. - Common Stock $7,629,493 1.39% 20,197 $1,400,497 Up ×2
THRO iShares U.S. Thematic Rotation Active ETF $7,278,692 1.33% 168,840 $-2,450,797 Down ×1
AVEM AMERICAN CENTURY ETF TRUST $7,213,644 1.32% 74,761 $-1,518,901 Down ×1
EFV iShares Trust $5,492,409 1.00% 71,749 $-9,209,933 Down ×2
IEMG iShares, Inc. $5,479,310 1.00% 66,143 $585,473 Down ×3
JPM JP Morgan Chase & Co. Common Stock $5,252,490 0.96% 16,046 $306,902 Down ×3
ITW Illinois Tool Works Inc. Common Stock $5,139,014 0.94% 19,000 $228,834 Up ×4
DIVO Amplify ETF Trust $5,133,454 0.94% 112,329 $84,980 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $4,913,759 0.90% 13,750 $1,196,138 Up ×2
MU Micron Technology, Inc. - Common Stock $4,401,553 0.80% 3,813 $3,224,450 Up ×6
WMT Walmart Inc. - Common Stock $4,295,714 0.78% 37,928 $-508,304 Down ×3
XLK SELECT SECTOR SPDR TRUST $4,221,765 0.77% 22,159 $921,319 Down ×2
QUAL iShares Trust $4,202,478 0.77% 19,152 $-8,869,318 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $4,182,275 0.76% 11,837 $883,177 Up ×3
EXPD Expeditors International of Washington, Inc. Common Stock $4,129,368 0.75% 25,337 $450,700 Down ×2
BTC Grayscale Bitcoin Mini Trust (BTC) $4,004,682 0.73% 154,323 $-490,669 Up ×2
LLY Eli Lilly and Company Common Stock $3,879,304 0.71% 3,234 $979,042 Up ×3
JNJ Johnson & Johnson Common Stock $3,619,627 0.66% 14,252 $122,762 Down ×1
IBDU iShares Trust $3,350,270 0.61% 144,658 $53,859 Up ×6
IBDR iShares Trust $3,350,026 0.61% 138,259 $54,364 Up ×6
IBDT iShares Trust $3,345,525 0.61% 132,496 $49,992 Up ×6
IBDS iShares Trust $3,341,939 0.61% 137,983 $59,941 Up ×6
IBDV iShares iBonds Dec 2030 Term Corporate ETF $3,340,617 0.61% 153,239 $54,314 Up ×6
FTEC FIDELITY COVINGTON TRUST $2,841,698 0.52% 9,951 $875,822 Up ×1
TSLA Tesla, Inc. - Common Stock $2,800,355 0.51% 6,658 $544,204 Up ×6
MPC Marathon Petroleum Corporation Common Stock $2,753,497 0.50% 10,770 $127,970 Up ×1
MCD McDonald's Corporation Common Stock $2,654,982 0.48% 9,822 $-478,061 Down ×2
ADI Analog Devices, Inc. - Common Stock $2,643,035 0.48% 6,655 $522,238 Down ×3
ETN Eaton Corporation, PLC Ordinary Shares $2,619,052 0.48% 6,146 $270,607 Down ×6
SPY SPY $2,528,529 0.46% 3,386 $612,848 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $2,459,988 0.45% 4,367 $-92,143 Down ×1
IBDW iShares iBonds Dec 2031 Term Corporate ETF $2,448,189 0.45% 117,475 $24,723 Up ×6
IBDZ iShares iBonds Dec 2034 Term Corporate ETF $2,436,137 0.44% 93,518 $37,337 Up ×6
IBDY iShares iBonds Dec 2033 Term Corporate ETF $2,428,001 0.44% 94,310 $22,976 Up ×6
IBDX iShares iBonds Dec 2032 Term Corporate ETF $2,426,897 0.44% 96,344 $26,824 Up ×6
EFG iShares Trust $2,421,991 0.44% 19,466 $241,721 Down ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,401,872 0.44% 4,800 $83,502 Down ×1
IBCA iShares iBonds Dec 2035 Term Corporate ETF $2,399,321 0.44% 93,687 $36,262 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $2,327,706 0.42% 4,007 $1,576,032 Up ×1
ABBV AbbVie Inc. Common Stock $2,144,555 0.39% 8,522 $216,730 Down ×3
BDYN iShares Dynamic Equity Active ETF $2,064,217 0.38% 74,413 $353,231 Up ×2
IEFA iShares Core MSCI EAFE ETF $1,969,137 0.36% 20,389 $-171,233 Down ×1
HD Home Depot, Inc. (The) Common Stock $1,938,772 0.35% 5,497 $76,898 Down ×3
AXP American Express Company Common Stock $1,915,021 0.35% 5,662 $198,070 Down ×1
VUG Vanguard Morningstar Growth ETF $1,863,797 0.34% 21,637 $197,626 Up ×1
XLG Invesco Exchange-Traded Fund Trust $1,845,016 0.34% 30,133 $-112,891 Down ×2
MSI Motorola Solutions, Inc. Common Stock $1,831,015 0.33% 4,409 $-402,877 Down ×3
OEF iShares Trust $1,711,818 0.31% 4,679 $202,944 Down ×2
V Visa Inc. $1,651,640 0.30% 4,814 $183,250 Down ×4
CB Chubb Limited Common Stock $1,599,750 0.29% 4,695 $67,479 Down ×3
COST Costco Wholesale Corporation - Common Stock $1,533,326 0.28% 1,639 $-79,677 Up ×3
SCHG SCHWAB STRATEGIC TRUST $1,509,671 0.28% 44,612 $487,790 Up ×1
JCI Johnson Controls International plc Ordinary Share $1,508,688 0.28% 10,326 $124,253 Down ×3
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $1,321,072 0.24% 2,529 $20,272 Down ×4
CMI Cummins Inc. Common Stock $1,297,468 0.24% 1,819 $321,446 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $1,275,336 0.23% 10,858 $448,393 Up ×3
VOO Vanguard S&P 500 ETF $1,262,160 0.23% 1,838 $349,148 Up ×2
XOM Exxon Mobil Corporation Common Stock $1,243,988 0.23% 9,099 $-263,290 Up ×6
ETH Grayscale Ethereum Staking Mini ETF Shares $1,235,722 0.23% 82,217 $-333,516 Up ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,197,541 0.22% 2,881 $626,598 Up ×1
ACWI iShares MSCI ACWI ETF $1,196,976 0.22% 7,626 $58,048 Down ×2
KO Coca-Cola Company (The) Common Stock $1,174,020 0.21% 14,446 $110,209 Up ×1
CAT Caterpillar, Inc. Common Stock $1,172,659 0.21% 1,101 $427,259 Up ×4
BAC Bank of America Corporation Common Stock $1,170,792 0.21% 20,547 $196,033 Up ×4
SGOV iShares Trust $1,087,437 0.20% 10,802 $-1,539,116 Down ×1
INTC Intel Corporation - Common Stock $1,067,763 0.19% 7,647 $825,883 Up ×1
CME CME Group Inc. - Class A Common Stock $1,050,022 0.19% 4,755 $-402,407 Down ×3
IVLU iShares Trust $1,043,223 0.19% 24,946 $45,009 Down ×1
LRCX Lam Research Corporation - Common Stock $1,042,250 0.19% 2,405 $546,092 Up ×3
XLF SELECT SECTOR SPDR TRUST $994,325 0.18% 18,547 $-194,116 Down ×2
GEV GE Vernova Inc. Common Stock $989,437 0.18% 842 $323,263 Up ×2
IJH iShares Trust $982,333 0.18% 12,739 $116,827 Down ×2
DRI Darden Restaurants, Inc. Common Stock $941,650 0.17% 4,571 $10,471 Down ×3
AMAT Applied Materials, Inc. - Common Stock $940,989 0.17% 1,302 $516,318 Up ×3
DTE DTE Energy Company Common Stock $935,247 0.17% 6,138 $138,879 Up ×5
APD Air Products and Chemicals, Inc. Common Stock $916,288 0.17% 3,125 $-16,275 Down ×3
VZ Verizon Communications Inc. Common Stock $913,734 0.17% 21,581 $-191,269 Down ×1
ORCL Oracle Corporation Common Stock $907,334 0.17% 6,191 $185,449 Up ×1
Unknown issuer (CUSIP: 09290C590) $893,790 0.16% 34,889 Up ×1
UNP Union Pacific Corporation Common Stock $867,822 0.16% 3,191 $98,600 Up ×1
WFC Wells Fargo & Company Common Stock $865,949 0.16% 10,479 $448,783 Up ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $841,116 0.15% 832 $162,126 Up ×6
MA Mastercard Incorporated Common Stock $838,937 0.15% 1,633 $-20,691 Down ×4
USMV iShares MSCI USA Min Vol Factor ETF $832,504 0.15% 8,631 $39,397 Up ×6
NEE NextEra Energy, Inc. Common Stock $827,686 0.15% 9,430 $12,450 Up ×1
IWD iShares Russell 1000 Value ETF $811,898 0.15% 3,349 $89,266 Down ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYM $61,801,159 11.28% up ×6
SPYG $29,985,398 5.47% up ×4
INRO $14,514,867 2.65% up ×6
NVDA $13,596,074 2.48% up ×3
SHLD $9,169,804 1.67% up ×3
ITW $5,139,014 0.94% up ×4
MU $4,401,553 0.80% up ×6
GOOG $4,182,275 0.76% up ×3
LLY $3,879,304 0.71% up ×3
IBDU $3,350,270 0.61% up ×6
IBDR $3,350,026 0.61% up ×6
IBDT $3,345,525 0.61% up ×6
IBDS $3,341,939 0.61% up ×6
IBDV $3,340,617 0.61% up ×6
TSLA $2,800,355 0.51% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 09290C590) $893,790 34,889 0.16%
SPHQ $745,758 8,277 0.14%
EQIX $630,170 605 0.12%
PANW $386,035 1,132 0.07%
JMST $363,528 7,128 0.07%
STX $348,365 361 0.06%
MDY $334,087 475 0.06%
FIX $321,078 162 0.06%
ED $314,897 2,846 0.06%
GM $303,010 3,931 0.06%
MRVL $290,445 975 0.05%
QCOM $282,386 1,528 0.05%
FTNT $280,049 1,823 0.05%
ROK $279,341 564 0.05%
SONY $276,226 13,770 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Bought more +278K +$29.3M
SPYG Bought more +51K +$10.3M
EFV Trimmed -126K -$9.2M
QUAL Trimmed -49K -$8.9M
CWI Bought more +129K +$6.5M
DYNF Trimmed -6K +$3.9M
MU Bought more +329 +$3.2M
CORO Bought more +19K +$2.8M
INRO Bought more +4K +$2.5M
THRO Trimmed -100K -$2.5M

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
IBDQ Dec. 31, 2025 121,078 $3,049,957
MMD Sept. 30, 2025 60,492 $894,680 -10.2%
NXPI Dec. 31, 2025 3,684 $839,024 10.5%
FANG Dec. 31, 2025 4,942 $707,241 23.3%
FISV Dec. 31, 2025 5,447 $702,282 -32.1%
LHX June 30, 2025 3,306 $691,972 -5.7%
STE Dec. 31, 2025 2,796 $691,760 -17.2%
IQV Dec. 31, 2025 3,625 $688,533 16.0%
BIL June 30, 2025 6,875 $630,644
CDNS Dec. 31, 2025 1,683 $591,171 14.8%
IWV March 31, 2026 1,490 $576,407
CMG Dec. 31, 2025 14,401 $564,375 -16.7%
CMCSA June 30, 2026 18,971 $544,652 -12.5%
DXCM Dec. 31, 2025 7,743 $521,026 28.9%
HEFA Sept. 30, 2025 13,705 $520,236
XLC June 30, 2026 4,553 $504,751 3.9%
EFA June 30, 2025 6,116 $499,861
SNPS Dec. 31, 2025 930 $458,853 6.8%
EW Dec. 31, 2025 4,412 $343,121 2.0%
SHOP March 31, 2026 1,837 $295,702 33.2%
RSP June 30, 2026 1,397 $268,117 -0.8%
RSP June 30, 2025 1,471 $254,851 16.2%
TMO June 30, 2025 509 $253,295 63.1%
MDLZ Sept. 30, 2025 3,685 $248,531 -7.1%
VRTX Sept. 30, 2025 532 $236,846 28.3%
MCK June 30, 2026 273 $236,266 20.0%
ADBE Dec. 31, 2025 669 $235,990 -32.2%
ZTS Sept. 30, 2025 1,513 $235,981 -52.0%
INTU March 31, 2026 355 $235,205 -33.5%
IFRA June 30, 2025 5,216 $235,098
NOC June 30, 2026 343 $234,118 -6.1%
UBER June 30, 2026 3,179 $228,665 -3.7%
TFLO Dec. 31, 2025 4,484 $226,834
ACN March 31, 2026 837 $224,582 -0.5%
AON Sept. 30, 2025 621 $221,569 -24.6%
ZMAR June 30, 2026 7,948 $219,252
PEG June 30, 2026 2,700 $218,596 -16.2%
UL June 30, 2026 3,800 $216,486 -0.7%
TDG June 30, 2025 156 $215,793 -28.0%
PGR March 31, 2026 944 $214,994 5.4%
QCOM March 31, 2026 1,238 $211,737 41.8%
XAR March 31, 2026 876 $211,334
BSX March 31, 2026 2,196 $209,389 -31.5%
SHEL June 30, 2026 2,248 $209,083 23.3%
IDXX March 31, 2026 309 $209,048 -7.4%
VOE Dec. 31, 2025 1,196 $208,726
KMB Dec. 31, 2025 1,661 $206,572 -6.3%
HON June 30, 2026 898 $202,864 -4.2%
ADP March 31, 2026 787 $202,460 27.6%
CMPX June 30, 2026 10,365 $54,831 -58.5%
WALD June 30, 2025 11,205 $33,615 No longer tracked
SES Dec. 31, 2025 10,263 $17,139 -53.6%
REI Sept. 30, 2025 10,881 $8,640 No longer tracked