Sector breakdown

04
Technology 6.4%
Financials 3.6%
Retail 1.9%
Communication Services 1.8%
Healthcare 1.3%
Industrials 1.2%
Consumer products 1.1%
Consumer Discretionary 0.7%
Consumer Staples 0.5%
Energy 0.4%
Materials 0.2%
Utilities 0.1%
Other/Unmapped 80.8%

Full portfolio 280 positions

05
Type Streak 8Q trend
IVV iShares Trust $34,037,838 4.85% 45,451 $5,721,174 Up ×6
IWF iShares Trust $28,100,383 4.00% 226,306 $3,907,085 Up ×2
QUAL iShares Trust $26,022,406 3.71% 118,591 $2,089,076 Down ×5
QQQ Invesco QQQ Trust, Series 1 $25,602,583 3.65% 34,767 $5,556,841 Up ×2
BINC iShares Flexible Income Active ETF $19,512,199 2.78% 372,797 $1,648,627 Up ×6
IUSB iShares Core Universal USD Bond ETF $17,423,005 2.48% 377,530 $1,811,800 Up ×6
AGG iShares Trust $16,821,358 2.40% 169,947 $-655,474 Down ×3
USMV iShares Trust $16,750,234 2.39% 173,650 $-170,387 Down ×3
JPST J.P. Morgan Exchange-Traded Fund Trust $16,413,052 2.34% 324,561 $-881,835 Down ×2
FBND Fidelity Merrimack Street Trust $14,107,063 2.01% 310,113 $11,429,853 Up ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $13,930,770 1.98% 265,804 $-1,976,412 Down ×1
IEFA iShares Trust $13,379,686 1.91% 138,535 $553,551 Down ×1
BRO Brown & Brown, Inc. Common Stock $12,939,055 1.84% 201,700 $-213,802
VYM VANGUARD WHITEHALL FUNDS $12,182,652 1.74% 77,091 $853,681 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $12,154,968 1.73% 228,606 $-2,337,923 Down ×1
NVDA NVIDIA Corporation - Common Stock $11,794,548 1.68% 58,946 $1,704,060 Up ×2
SPY SPY $11,535,781 1.64% 15,448 $1,495,174 Up ×2
AVLV AMERICAN CENTURY ETF TRUST $11,374,145 1.62% 124,703 $2,429,478 Up ×6
IQLT iShares Trust $11,038,708 1.57% 222,779 $292,206 Down ×6
AAPL Apple Inc. - Common Stock $10,278,241 1.46% 35,521 $1,398,392 Up ×2
VUG VANGUARD INDEX FUNDS $9,955,203 1.42% 115,570 $2,608,802 Up ×6
IWB iShares Trust $9,750,461 1.39% 23,811 $865,030 Down ×6
ITOT iShares Trust $8,414,541 1.20% 51,224 $1,221,341 Up ×1
IDEV iShares Trust $8,128,449 1.16% 91,321 $1,328,114 Up ×6
PG Procter & Gamble Company (The) Common Stock $8,043,572 1.15% 54,853 $176,074 Up ×4
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $7,904,516 1.13% 15,131 $878,633 Down ×4
AVEM AMERICAN CENTURY ETF TRUST $7,720,118 1.10% 80,010 $1,377,884 Up ×6
IWR iShares Trust $7,681,016 1.09% 69,625 $772,713 Down ×6
IEF iShares 7-10 Year Treasury Bond ETF $7,451,982 1.06% 78,799 $-1,944,936 Down ×1
DYNF BlackRock ETF Trust $7,349,637 1.05% 108,067 $2,491,083 Up ×6
IJH iShares Trust $6,925,541 0.99% 89,814 $1,077,713 Up ×2
IWM iShares Trust $6,909,363 0.98% 22,997 $677,839 Down ×1
HDV iShares Trust $6,599,577 0.94% 240,773 $-32,107 Up ×3
AMZN Amazon.com, Inc. - Common Stock $6,069,566 0.86% 25,466 $841,781 Up ×6
MSFT Microsoft Corporation - Common Stock $5,749,475 0.82% 15,413 $500,593 Up ×2
IUSV iShares Core S&P U.S. Value ETF $5,402,621 0.77% 49,048 $401,768 Up ×3
JMUB J.P. Morgan Exchange-Traded Fund Trust $5,399,874 0.77% 106,601 $194,615 Up ×1
AMAT Applied Materials, Inc. - Common Stock $5,222,229 0.74% 7,223 $2,753,480
IJR iShares Trust $5,083,553 0.72% 34,277 $977,039 Up ×2
JPM JP Morgan Chase & Co. Common Stock $4,833,772 0.69% 14,767 $496,016 Up ×4
JCPB J.P. Morgan Exchange-Traded Fund Trust $4,810,918 0.69% 102,491 $87,752 Up ×6
JEPI J.P. Morgan Exchange-Traded Fund Trust $4,772,857 0.68% 84,505 $107,919 Up ×5
AVUS AMERICAN CENTURY ETF TRUST $4,729,386 0.67% 36,925 $-2,038 Down ×5
DVY iShares Select Dividend ETF $4,299,894 0.61% 27,511 $32,029 Down ×1
ICOW Pacer Funds Trust $4,143,910 0.59% 99,541 $26,205 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $3,989,173 0.57% 11,290 $837,410 Up ×2
GLD SPDR Gold Shares $3,950,876 0.56% 10,725 $-415,707 Up ×5
JEPQ JPMorgan Nasdaq Equity Premium Income ETF $3,854,206 0.55% 62,711 $792,009 Up ×6
ISTB iShares Core 1-5 Year USD Bond ETF $3,605,948 0.51% 74,735 $-5,317 Up ×1
BAI iShares A.I. Innovation and Tech Active ETF $3,562,287 0.51% 67,570 $1,936,734 Up ×2
JNJ Johnson & Johnson Common Stock $3,402,077 0.48% 13,396 $99,050 Down ×1
VB VANGUARD INDEX FUNDS $3,283,071 0.47% 10,831 $388,081 Down ×6
OEF iShares Trust $3,261,682 0.46% 8,915 $760,480 Up ×6
CAT Caterpillar, Inc. Common Stock $3,203,219 0.46% 3,008 $1,065,087 Down ×1
XLK SELECT SECTOR SPDR TRUST $3,115,792 0.44% 16,354 $1,302,133 Up ×1
DGRO iShares Trust $3,077,991 0.44% 40,612 $318,798 Up ×6
GOOGL Alphabet Inc. - Class A Common Stock $2,999,779 0.43% 8,394 $607,290 Up ×3
WMT Walmart Inc. - Common Stock $2,821,688 0.40% 24,913 $-287,695 Down ×1
FTSM First Trust Enhanced Short Maturity ETF $2,817,165 0.40% 47,165 $-65,187 Down ×2
DIHP Dimensional ETF Trust $2,744,774 0.39% 80,433 $340,645 Up ×6
REGL ProShares Trust $2,698,575 0.38% 29,470 $8,773 Down ×6
AVGO Broadcom Inc. - Common Stock $2,638,710 0.38% 6,985 $469,870 Down ×1
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,597,763 0.37% 43,521 $224,247 Down ×6
JMST J.P. Morgan Exchange-Traded Fund Trust $2,346,153 0.33% 46,003 $11,167 Up ×6
IXUS iShares Core MSCI Total International Stock ETF $2,332,870 0.33% 24,443 $274,666 Up ×1
BND Vanguard Total Bond Market ETF $2,278,926 0.32% 31,044 $35,541 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $2,011,462 0.29% 15,653 $128,615
VEA VANGUARD TAX-MANAGED FUNDS $1,987,005 0.28% 27,888 $198,115 Down ×1
FHEQ Fidelity Greenwood Street Trust $1,924,726 0.27% 58,449 $1,446,386 Up ×2
MEAR iShares U.S. ETF Trust $1,900,686 0.27% 37,727 $1,509
XLU XLU $1,870,031 0.27% 41,245 $16,203 Up ×4
HD Home Depot, Inc. (The) Common Stock $1,866,113 0.27% 5,291 $38,102 Down ×1
MU Micron Technology, Inc. - Common Stock $1,844,242 0.26% 1,598 $1,325,778 Up ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $1,837,535 0.26% 2,613 $175,831 Down ×1
AOA iShares Trust $1,749,523 0.25% 17,925 $263,474 Up ×3
SCHD SCHWAB STRATEGIC TRUST $1,701,733 0.24% 53,665 $251,735 Up ×4
VGSH Vanguard Short-Term Treasury ETF $1,567,035 0.22% 26,925 $70,109 Up ×2
MS Morgan Stanley Common Stock $1,566,755 0.22% 7,495 $347,291 Up ×1
HELO J.P. Morgan Exchange-Traded Fund Trust $1,502,371 0.21% 22,231 $-80,244 Down ×4
IUSG iShares Core S&P U.S. Growth ETF $1,493,058 0.21% 7,938 $261,795
COPX Global X Funds $1,478,594 0.21% 19,210 $10,689 Down ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $1,444,212 0.21% 17,474 $-106,394 Down ×2
XLY XLY $1,435,696 0.20% 12,242 $140,111 Up ×1
ORCL Oracle Corporation Common Stock $1,302,139 0.19% 8,885 $-4,975
RSP Invesco Exchange-Traded Fund Trust $1,298,109 0.18% 6,101 $128,018 Up ×3
IBTG iShares Trust $1,277,560 0.18% 55,813 $-117,018 Down ×2
COST Costco Wholesale Corporation - Common Stock $1,262,982 0.18% 1,350 $-140,088 Down ×1
KO Coca-Cola Company (The) Common Stock $1,236,689 0.18% 15,217 $80,182 Up ×4
TSLA Tesla, Inc. - Common Stock $1,229,414 0.18% 2,923 $153,941 Up ×2
VTI VANGUARD INDEX FUNDS $1,222,336 0.17% 3,303 $160,266 Down ×4
SHYG iShares Trust $1,197,145 0.17% 28,228 $-102,798 Down ×6
MCD McDonald's Corporation Common Stock $1,155,935 0.16% 4,276 $-164,097 Up ×3
VTV VANGUARD INDEX FUNDS $1,134,295 0.16% 5,205 $207,839 Up ×3
PM Philip Morris International Inc Common Stock $1,113,726 0.16% 6,156 $97,405 Up ×6
FYEE Fidelity Greenwood Street Trust $1,111,109 0.16% 38,460 $640,539 Up ×2
FMB First Trust Managed Municipal ETF $1,100,542 0.16% 21,425 $15,151
BAC Bank of America Corporation Common Stock $1,095,042 0.16% 19,218 $168,841 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $1,093,443 0.16% 1,941 $46,919 Up ×3
SNDK Sandisk Corporation - Common Stock $1,089,117 0.16% 479 Up ×1
NFLX Netflix, Inc. - Common Stock $1,076,712 0.15% 15,080 $-843,884 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IVV $34,037,838 4.85% up ×6
BINC $19,512,199 2.78% up ×6
IUSB $17,423,005 2.48% up ×6
AVLV $11,374,145 1.62% up ×6
VUG $9,955,203 1.42% up ×6
IDEV $8,128,449 1.16% up ×6
PG $8,043,572 1.15% up ×4
AVEM $7,720,118 1.10% up ×6
DYNF $7,349,637 1.05% up ×6
HDV $6,599,577 0.94% up ×3
AMZN $6,069,566 0.86% up ×6
IUSV $5,402,621 0.77% up ×3
JPM $4,833,772 0.69% up ×4
JCPB $4,810,918 0.69% up ×6
JEPI $4,772,857 0.68% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SNDK $1,089,117 479 0.16%
IDEF $692,931 21,804 0.10%
ZMAY $590,929 22,757 0.08%
SMH $489,294 746 0.07%
RAAX $458,308 11,553 0.07%
POWR $429,214 15,351 0.06%
FENI $335,126 8,351 0.05%
Unknown issuer (CUSIP: 43849R105) $304,648 1,378 0.04%
Unknown issuer (CUSIP: 438516205) $286,144 1,278 0.04%
MRVL $242,780 815 0.03%
PNC $239,572 973 0.03%
SPYM $236,714 2,694 0.03%
Unknown issuer (CUSIP: 84615Q103) $236,470 1,384 0.03%
VSDM $231,346 3,019 0.03%
RF $226,500 7,500 0.03%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IVV Bought more +2K +$5.7M
QQQ Bought more +37 +$5.6M
IWF Bought more +170K +$3.9M
AMAT Price move only +0 +$2.8M
VUG Bought more +99K +$2.6M
DYNF Bought more +25K +$2.5M
AVLV Bought more +14K +$2.4M
IGIB Trimmed -44K -$2.3M
BSV Trimmed -28K -$2.2M
QUAL Trimmed -6K +$2.1M

2 positions hidden — reported move looks larger than the position itself (data completeness check)

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
SLV Dec. 31, 2025 39,939 $1,692,215 -15.0%
GLTR Dec. 31, 2025 9,667 $1,599,405
VIG Dec. 31, 2025 6,252 $1,349,197
NOBL Dec. 31, 2025 12,772 $1,316,380 5.6%
SSB (filed as SSBXXXX) Sept. 30, 2025 10,483 $964,750 3.1%
CAT Dec. 31, 2025 1,982 $945,711 47.6%
IBTF Dec. 31, 2025 36,869 $861,444 No longer tracked
MGK Dec. 31, 2025 2,012 $809,697 13.1%
TPYP (filed as TPYPXXXX) June 30, 2025 21,431 $779,457 21.4%
KNG Dec. 31, 2025 15,688 $773,575
IBDQ Dec. 31, 2025 25,898 $652,371
COWZ Dec. 31, 2025 10,363 $595,562
HON June 30, 2026 2,567 $580,219 -4.4%
SPLV Dec. 31, 2025 7,072 $519,651
COWG June 30, 2026 14,814 $499,808
UNH Sept. 30, 2025 1,528 $476,773 7.7%
MGV Dec. 31, 2025 3,342 $460,355
HYDB Dec. 31, 2025 9,603 $459,456
ACWV Sept. 30, 2025 3,539 $419,632
BOCT June 30, 2026 8,637 $414,462
IXN Dec. 31, 2025 3,949 $407,627 41.9%
PAYX Dec. 31, 2025 3,027 $383,666 -11.8%
SHY June 30, 2025 4,537 $375,313
NJUL June 30, 2026 5,240 $374,213
LLY Sept. 30, 2025 470 $366,628 49.8%
IBDU Dec. 31, 2025 15,436 $362,283
POCT Sept. 30, 2025 8,610 $355,593
IBMR June 30, 2025 14,828 $342,972
ZFEB Dec. 31, 2025 12,272 $306,309
NAUG June 30, 2025 11,761 $292,266
IBTJ Sept. 30, 2025 12,080 $281,826 -3.2%
ZOCT June 30, 2026 10,523 $281,469
UDEC Dec. 31, 2025 7,028 $269,664
CLOI June 30, 2026 4,985 $262,710
FTSL March 31, 2026 5,591 $256,515
BSCP Dec. 31, 2025 11,711 $242,308 No longer tracked
IBHE Dec. 31, 2025 9,947 $230,961
IWS Dec. 31, 2025 1,612 $225,098 15.7%
NOCT Sept. 30, 2025 4,094 $223,116
FDX June 30, 2026 625 $222,613 -7.3%
IBHG June 30, 2025 9,968 $222,536
ABT June 30, 2026 2,109 $216,528 7.4%
SUN June 30, 2025 3,716 $215,751 39.4%
SII June 30, 2026 1,507 $215,350 3.5%
PEP June 30, 2026 1,384 $214,992 -7.0%
CALF Sept. 30, 2025 5,389 $214,563
SDY Sept. 30, 2025 1,502 $203,830
RF March 31, 2026 7,500 $203,250 3.8%
SGOV June 30, 2026 2,004 $201,723 0.0%
KVUE June 30, 2026 10,358 $178,580 -10.0%