Sector breakdown

04
Financials 4.8%
Consumer Staples 2.7%
Communication Services 2.7%
Industrials 2.2%
Technology 0.5%
Retail 0.2%
Other/Unmapped 86.9%

Full portfolio 45 positions

05
Type Streak 8Q trend
IWM iShares Russell 2000 Index Fund $11,584,451 10.19% 38,557 $6,433,491 Up ×1
QQQ Invesco QQQ Trust, Series 1 $9,459,794 8.32% 12,846 $7,137,799 Up ×2
SPY SPY $9,286,085 8.17% 12,435 $1,345,434 Up ×2
XLV SELECT SECTOR SPDR TRUST $5,317,331 4.68% 33,514 Up ×1
XLF SELECT SECTOR SPDR TRUST $5,250,617 4.62% 97,941
ITA iShares U.S. Aerospace & Defense ETF $4,724,039 4.15% 19,487
XLRE XLRE $4,503,697 3.96% 102,287 $19,501 Down ×1
XLK SELECT SECTOR SPDR TRUST $3,979,201 3.50% 20,886
MTUM iShares Trust $3,911,690 3.44% 11,410 Up ×1
TLH iShares 10-20 Year Treasury Bond ETF $3,558,411 3.13% 35,460
MINT PIMCO ETF Trust $3,506,071 3.08% 34,779 $412,840 Up ×1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF $3,423,261 3.01% 67,334 Up ×1
XLB XLB $3,153,798 2.77% 62,046 Up ×1
GIS General Mills, Inc. Common Stock $3,125,875 2.75% 89,824 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,041,818 2.68% 8,609 Up ×1
MS Morgan Stanley Common Stock $3,000,769 2.64% 14,355 Up ×1
GEV GE Vernova Inc. Common Stock $2,545,922 2.24% 2,167 Up ×1
IEI iShares 3-7 Year Treasury Bond ETF $2,455,997 2.16% 20,911 $1,249,954 Up ×1
CB Chubb Limited Common Stock $2,406,987 2.12% 7,064 Up ×1
VTES Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF $2,278,766 2.00% 22,493 $-190,567 Down ×1
VTEB Vanguard Tax-Exempt Bond ETF $1,906,360 1.68% 37,690 $-149,308 Down ×1
IEF iShares 7-10 Year Treasury Bond ETF $1,904,356 1.67% 20,137 $885,534 Up ×2
TLT iShares 20+ Year Treasury Bond ETF $1,797,622 1.58% 20,801 $317,737 Up ×1
SHY iShares 1-3 Year Treasury Bond ETF $1,779,406 1.56% 21,671 $580,324 Up ×1
SCHD SCHWAB STRATEGIC TRUST $1,597,169 1.40% 50,368 $-8,598,715 Down ×2
EEM iShares, Inc. $1,583,349 1.39% 23,145 $885,343 Up ×2
VYMI Vanguard International High Dividend Yield ETF $1,542,231 1.36% 15,705 $-6,156,423 Down ×1
MUB iShares Trust $1,524,007 1.34% 14,161 $-122,167 Down ×1
QUAL iShares Trust $1,282,568 1.13% 5,845 Up ×1
VGIT Vanguard Intermediate-Term Treasury ETF $1,140,791 1.00% 19,342 $-94,455 Down ×1
PFF iShares Preferred and Income Securities ETF $883,478 0.78% 28,976 Up ×1
PHYS Sprott Physical Gold Trust ETV $841,200 0.74% 27,882 $-425,745 Down ×1
XLU XLU $829,042 0.73% 18,285 $322,921 Up ×1
HFSI Hartford Strategic Income ETF $631,755 0.56% 17,968 $8,080 Up ×1
GDX VanEck Gold Miners ETF $569,044 0.50% 7,542 $264,184 Up ×1
PSLV Sprott Physical Silver Trust ETV $538,286 0.47% 28,526 $-362,388 Down ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $456,892 0.40% 9,096 $-91,259 Down ×1
REMX VanEck ETF Trust $398,693 0.35% 4,505 Up ×1
JNK State Street SPDR Bloomberg High Yield Bond ETF $395,117 0.35% 4,100 $26,212 Up ×1
SCHP SCHWAB STRATEGIC TRUST $377,917 0.33% 14,261 $-33,500 Down ×1
MSFT Microsoft Corporation - Common Stock $356,612 0.31% 956 $-2,383,391 Down ×1
AMLP ALPS ETF Trust $223,733 0.20% 4,315 $-3,977,413 Down ×1
COST Costco Wholesale Corporation - Common Stock $219,835 0.19% 235 $-14,326
XLP XLP $206,595 0.18% 2,487 $-262,495 Down ×1
TER Teradyne, Inc. - Common Stock $203,213 0.18% 420 Up ×1

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XLV $5,317,331 33,514 4.68%
XLF $5,250,617 97,941 4.62%
ITA $4,724,039 19,487 4.15%
XLK $3,979,201 20,886 3.50%
MTUM $3,911,690 11,410 3.44%
TLH $3,558,411 35,460 3.13%
SPHD $3,423,261 67,334 3.01%
XLB $3,153,798 62,046 2.77%
GIS $3,125,875 89,824 2.75%
GOOG $3,041,818 8,609 2.68%
MS $3,000,769 14,355 2.64%
GEV $2,545,922 2,167 2.24%
CB $2,406,987 7,064 2.12%
QUAL $1,282,568 5,845 1.13%
PFF $883,478 28,976 0.78%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Bought more +9K +$7.1M
IWM Bought more +18K +$6.4M
VYMI Trimmed -66K -$6.2M
SPY Bought more +225 +$1.3M
IEI Bought more +11K +$1.2M
IEF Bought more +9K +$886K
EEM Bought more +11K +$885K
SHY Bought more +7K +$580K
PHYS Trimmed -8K -$426K
MINT Bought more +4K +$413K

3 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
ITA Dec. 31, 2025 64,527 $13,502,947 -3.6%
XHB Dec. 31, 2025 76,820 $8,511,604 -6.5%
IXP Dec. 31, 2025 67,959 $8,399,052
XLF March 31, 2026 127,567 $6,986,845 9.1%
XLK March 31, 2026 47,782 $6,879,175 51.2%
IJH June 30, 2026 74,118 $5,005,189 -5.3%
PLTR Dec. 31, 2025 24,818 $4,527,299 6.6%
GE March 31, 2026 14,598 $4,496,622 8.0%
RTX March 31, 2026 23,921 $4,387,111 -4.4%
GS March 31, 2026 4,921 $4,325,559 5.6%
SHOP Dec. 31, 2025 28,287 $4,203,731 -0.5%
XLE June 30, 2026 68,540 $4,198,760 19.5%
CAT March 31, 2026 7,251 $4,153,880 19.7%
AMD Dec. 31, 2025 25,334 $4,098,788 195.0%
IBM March 31, 2026 13,612 $4,032,011 -8.6%
SMH June 30, 2026 7,815 $2,996,271 -3.4%
AGG Dec. 31, 2025 26,569 $2,663,542
NVDA June 30, 2026 13,775 $2,402,360 19.4%
TSLA June 30, 2026 6,453 $2,398,903 -10.0%
VALE June 30, 2026 146,001 $2,322,876 -5.9%
AMZN June 30, 2026 10,566 $2,200,581 5.5%
TLH March 31, 2026 21,339 $2,169,536
EDV March 31, 2026 32,444 $2,109,184
VGIT Dec. 31, 2025 33,803 $2,029,194
HOOD Dec. 31, 2025 11,578 $1,657,738 0.9%
COIN Dec. 31, 2025 4,531 $1,529,167 -16.8%
HOOD June 30, 2026 21,538 $1,492,583 13.8%
SGOV June 30, 2026 13,948 $1,404,006 0.0%
TLT Dec. 31, 2025 14,265 $1,274,863
ETHE June 30, 2026 64,988 $1,109,345 70.3%
UPRO Dec. 31, 2025 8,096 $902,643 32.9%
TQQQ Dec. 31, 2025 8,715 $901,141
TMF Dec. 31, 2025 22,102 $888,058 -32.5%
TNA Dec. 31, 2025 19,420 $878,577 34.1%
VMBS Dec. 31, 2025 13,490 $633,490
EMB June 30, 2026 6,471 $607,821
TQQQ June 30, 2026 13,239 $551,802
ARKB Dec. 31, 2025 13,858 $526,881 -2.2%
ETHE Dec. 31, 2025 13,627 $466,997 -10.8%