Sector breakdown

04
Financials 13.8%
Technology 10.6%
Consumer Staples 6.4%
Healthcare 4.4%
Industrials 4.3%
Communication Services 3.1%
Retail 3.1%
Utilities 2.4%
Energy 1.8%
Consumer Discretionary 1.3%
Consumer products 0.6%
Materials 0.6%
Real Estate 0.2%
Other/Unmapped 47.2%

Full portfolio 937 positions

05
Type Streak 8Q trend
IWD iShares Russell 1000 Value ETF $659,646,353 7.55% 3,240,013 $31,073,582 Up ×3
GPN Global Payments Inc. Common Stock $635,875,833 7.27% 7,653,761 $18,343,455 Down ×1
IWF iShares Russell 1000 Growth Fund $568,708,574 6.51% 1,214,072 $53,022,142 Down ×1
KO Coca-Cola Company (The) Common Stock $501,640,175 5.74% 7,563,920 $-38,931,783 Down ×3
SPY SPY $299,815,464 3.43% 449,982 $29,534,505 Up ×2
SNV CUSIP: 87161C501 $260,555,659 2.98% 5,308,777 $-14,460,272 Down ×3
AAPL Apple Inc. - Common Stock $213,779,716 2.45% 839,520 $39,980,019 Down ×3
MSFT Microsoft Corporation - Common Stock $191,264,419 2.19% 369,234 $15,061,444 Up ×1
VEA Vanguard FTSE Developed Markets ETF $180,281,412 2.06% 3,008,694 $9,912,631 Up ×3
NVDA NVIDIA Corporation - Common Stock $176,260,331 2.02% 944,678 $24,903,619 Down ×3
SO Southern Company (The) Common Stock $160,043,282 1.83% 1,688,686 $4,738,172 Down ×2
QUAL iShares Trust $144,495,852 1.65% 742,905 $9,075,075 Up ×3
IWM iShares Russell 2000 Index Fund $141,397,604 1.62% 584,336 $16,601,847 Up ×2
RSP Invesco Exchange-Traded Fund Trust $129,118,836 1.48% 680,638 $15,744,399 Up ×3
AFL AFLAC Incorporated Common Stock $123,365,215 1.41% 1,104,430 $7,094,059 Up ×1
IWR iShares Russell Mid-Cap ETF $108,337,691 1.24% 1,122,081 $6,710,516 Up ×1
JPM JP Morgan Chase & Co. Common Stock $96,690,469 1.11% 306,472 $11,242,454 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $88,865,937 1.02% 365,515 $24,955,990 Up ×2
AMZN Amazon.com, Inc. - Common Stock $82,284,706 0.94% 374,753 $544,410 Up ×1
LLY Eli Lilly and Company Common Stock $76,819,630 0.88% 100,668 $-2,747,891 Down ×3
AVGO Broadcom Inc. - Common Stock $73,352,191 0.84% 222,319 $11,228,090 Down ×2
GLD SPDR Gold Shares $69,874,719 0.80% 196,558 $9,827,645 Down ×2
HD Home Depot, Inc. (The) Common Stock $68,174,703 0.78% 168,198 $8,251,748 Up ×1
BINC iShares Flexible Income Active ETF $64,087,171 0.73% 1,203,741 $3,779,822 Up ×2
IJR iShares Trust $63,996,174 0.73% 538,538 $752,123 Down ×1
GVI iShares Trust $61,955,158 0.71% 576,665 $1,953,595 Up ×3
VOO Vanguard S&P 500 ETF $57,905,121 0.66% 94,529 $23,521,686 Up ×2
PRF Invesco Exchange-Traded Fund Trust $55,767,360 0.64% 1,233,291 $3,693,464 Up ×3
EFA iShares Trust $52,711,850 0.60% 564,523 $9,744,041 Up ×2
VTI Vanguard Morningstar Total Stock Market ETF $50,667,416 0.58% 154,364 $13,075,865 Up ×3
ORCL Oracle Corporation Common Stock $50,252,120 0.57% 178,670 $13,054,791 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $45,437,292 0.52% 61,866 $444,314 Up ×1
JNJ Johnson & Johnson Common Stock $42,686,302 0.49% 230,188 $8,384,162 Up ×1
XOM Exxon Mobil Corporation Common Stock $42,187,990 0.48% 374,134 $3,982,900 Up ×2
JEPI JPMorgan Equity Premium Income ETF $39,209,395 0.45% 686,623 $2,238,542 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $35,838,672 0.41% 147,132 $10,605,100 Up ×1
COST Costco Wholesale Corporation - Common Stock $35,599,340 0.41% 38,449 $-2,118,063 Up ×1
CVX Chevron Corporation Common Stock $34,260,918 0.39% 220,570 $3,012,655 Up ×1
SHY iShares 1-3 Year Treasury Bond ETF $33,763,621 0.39% 406,980 $-582,396 Down ×1
HGER Harbor Commodity All-Weather Strategy ETF $31,055,341 0.36% 1,203,559 $3,574,699 Up ×3
LMT Lockheed Martin Corporation Common Stock $29,965,552 0.34% 60,004 $2,901,371 Up ×3
QQQ Invesco QQQ Trust, Series 1 $29,742,635 0.34% 49,499 $2,202,426 Down ×1
MCD McDonald's Corporation Common Stock $29,611,891 0.34% 97,433 $1,281,251 Up ×1
DVY iShares Select Dividend ETF $29,454,358 0.34% 207,249 $2,242,921 Up ×2
V Visa Inc. $29,372,926 0.34% 86,020 $-652,194 Up ×1
QGRO AMERICAN CENTURY ETF TRUST $29,285,788 0.34% 255,814 $2,184,976 Up ×3
ABBV AbbVie Inc. Common Stock $28,936,038 0.33% 124,959 $6,176,159 Up ×2
VFH Vanguard Financials ETF $28,472,602 0.33% 216,804 $959,923 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $27,313,112 0.31% 399,164 $184,332 Up ×1
BAC Bank of America Corporation Common Stock $26,837,017 0.31% 520,174 $2,618,057 Up ×1
IVV iShares Trust $25,963,889 0.30% 38,761 $2,666,222 Up ×1
T AT&T Inc. $25,394,124 0.29% 899,194 $1,174,787 Up ×1
WMT Walmart Inc. - Common Stock $25,249,194 0.29% 244,975 $1,690,002 Up ×1
COWZ Pacer Funds Trust $25,221,344 0.29% 438,690 $2,099,607 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $24,959,282 0.29% 49,645 $1,699,886 Up ×1
RTX RTX Corporation Common Stock $24,812,384 0.28% 148,262 $3,657,960 Up ×3
GPC Genuine Parts Company Common Stock $24,771,810 0.28% 178,726 $2,986,661 Down ×3
PG Procter & Gamble Company (The) Common Stock $24,605,404 0.28% 160,127 $14,191 Up ×1
VXUS Vanguard Total International Stock ETF $23,187,114 0.27% 315,641 $3,267,786 Up ×1
IBM International Business Machines Corporation Common Stock $22,976,226 0.26% 81,416 $-519,793 Up ×2
IEFA iShares Core MSCI EAFE ETF $22,190,343 0.25% 254,125 $4,230,389 Up ×3
ABT Abbott Laboratories Common Stock $21,996,582 0.25% 164,218 $165,444 Up ×3
CAT Caterpillar, Inc. Common Stock $21,769,426 0.25% 45,606 $5,542,721 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $21,539,392 0.25% 256,591 $1,054,864 Down ×3
MA Mastercard Incorporated Common Stock $21,451,640 0.25% 37,705 $285,938 Up ×1
IWP iShares Russell Midcap Growth ETF $19,372,225 0.22% 136,009 $745,332 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $18,478,725 0.21% 149,310 $1,742,654 Up ×3
ETN Eaton Corporation, PLC Ordinary Shares $18,401,607 0.21% 49,166 $1,261,759 Up ×3
TFC Truist Financial Corporation Common Stock $18,014,109 0.21% 393,992 $-146,047 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $17,704,944 0.20% 122,486 $3,014,099 Up ×3
JHSC John Hancock Multifactor Small Cap ETF $17,521,522 0.20% 418,561 $1,161,682 Down ×1
VIG Vanguard Div Appreciation ETF $17,293,942 0.20% 80,116 $1,666,839 Up ×3
ADP Automatic Data Processing, Inc. - Common Stock $17,253,338 0.20% 58,784 $-893,314 Down ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $17,238,949 0.20% 21,637 $2,935,456 Up ×3
WM Waste Management, Inc. Common Stock $17,161,240 0.20% 77,706 $-702,083 Down ×3
VUG Vanguard Morningstar Growth ETF $17,093,073 0.20% 35,593 $1,009,930 Down ×1
VOT Vanguard Morningstar Mid-Cap Growth ETF $17,002,211 0.19% 57,764 $464,233 Down ×3
XLK SELECT SECTOR SPDR TRUST $16,924,358 0.19% 60,037 $2,143,142 Up ×2
AMGN Amgen Inc. - Common Stock $16,780,840 0.19% 59,438 $323,178 Up ×2
IEMG iShares, Inc. $16,017,720 0.18% 242,981 $2,479,191 Up ×1
HON Honeywell International Inc. - Common Stock $15,668,806 0.18% 74,433 $-1,877,343 Down ×1
JHMM John Hancock Multifactor Mid Cap ETF $15,608,689 0.18% 241,189 $115,807 Down ×2
IWN iShares Russell 2000 Value ETF $15,538,464 0.18% 87,880 $1,682,634 Up ×1
JPST JPMorgan Ultra-Short Income ETF $15,323,282 0.18% 302,002 $400,907 Up ×2
VALQ American Century U.S. Quality Value ETF $14,954,388 0.17% 231,907 $507,356 Down ×3
PANW Palo Alto Networks, Inc. - Common Stock $14,614,418 0.17% 71,773 $-94,287 Down ×2
ENB Enbridge Inc Common Stock $14,443,929 0.17% 286,240 $1,653,780 Up ×3
VZ Verizon Communications Inc. Common Stock $14,284,154 0.16% 324,993 $238,229 Up ×2
SLV iShares Silver Trust $14,160,520 0.16% 334,211 $3,793,741 Up ×2
IJH iShares Trust $14,139,054 0.16% 216,652 $1,688,498 Up ×3
BMY Bristol-Myers Squibb Company Common Stock $14,060,676 0.16% 311,763 $1,941,263 Up ×1
BND Vanguard Total Bond Market ETF $13,973,019 0.16% 187,881 $254,576 Up ×3
DRI Darden Restaurants, Inc. Common Stock $13,542,387 0.15% 71,140 $-1,770,335 Up ×1
TRV The Travelers Companies, Inc. Common Stock $13,487,242 0.15% 48,300 $908,897 Up ×1
PM Philip Morris International Inc Common Stock $13,406,121 0.15% 82,646 $-1,459,124 Up ×2
PFE Pfizer, Inc. Common Stock $13,047,639 0.15% 512,060 $274,236 Down ×3
BRTR iShares Total Return Active ETF $12,776,186 0.15% 250,567 $6,210,982 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $12,674,488 0.15% 45,366 $2,451,833 Up ×3
NFLX Netflix, Inc. - Common Stock $12,334,489 0.14% 10,287 $689,415 Up ×1
IWO iShares Russell 2000 Growth Fund $12,292,770 0.14% 38,398 $1,316,121 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IWD $659,646,353 7.55% up ×3
VEA $180,281,412 2.06% up ×3
QUAL $144,495,852 1.65% up ×3
RSP $129,118,836 1.48% up ×3
GVI $61,955,158 0.71% up ×3
PRF $55,767,360 0.64% up ×3
VTI $50,667,416 0.58% up ×3
ORCL $50,252,120 0.57% up ×3
JEPI $39,209,395 0.45% up ×3
HGER $31,055,341 0.36% up ×3
LMT $29,965,552 0.34% up ×3
QGRO $29,285,788 0.34% up ×3
RTX $24,812,384 0.28% up ×3
IEFA $22,190,343 0.25% up ×3
ABT $21,996,582 0.25% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AVDE $7,574,952 96,007 0.09%
SSB $6,886,654 69,652 0.08%
FN $3,591,142 9,849 0.04%
FNDE $3,395,074 93,889 0.04%
KMX $2,328,529 51,895 0.03%
KEY $2,252,556 120,522 0.03%
EVLV $2,078,545 275,304 0.02%
JAAA $1,685,134 33,183 0.02%
MEDI $1,257,945 44,036 0.01%
SXI $1,177,105 5,555 0.01%
ACIW $1,122,946 21,280 0.01%
LSCC $1,109,405 15,131 0.01%
RYAAY $1,034,881 17,185 0.01%
NICE $1,025,911 7,086 0.01%
PAR $756,968 19,125 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
IWF Trimmed -461 +$53.0M
AAPL Trimmed -8K +$40.0M
KO Trimmed -77K -$38.9M
IWD Bought more +4K +$31.1M
SPY Bought more +13K +$29.5M
GOOGL Bought more +3K +$25.0M
NVDA Trimmed -13K +$24.9M
VOO Bought more +34K +$23.5M
GPN Trimmed -62K +$18.3M
IWM Bought more +6K +$16.6M

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
SSB (filed as SSBXXXX) Sept. 30, 2025 70,547 $6,492,516 2.2%
BFC June 30, 2025 59,445 $5,988,489 29.4%
PBP Sept. 30, 2025 195,097 $4,264,820
ANSS Sept. 30, 2025 12,049 $4,231,850 No longer tracked
BPMC Sept. 30, 2025 32,572 $4,175,079 No longer tracked
LNTH Sept. 30, 2025 27,556 $2,255,734 95.1%
CPB Sept. 30, 2025 70,972 $2,175,325 -37.7%
RCKT June 30, 2025 278,450 $1,857,261 3.3%
NU Sept. 30, 2025 74,183 $1,017,791 -4.4%
PCAR June 30, 2025 8,642 $841,459 14.3%
AZEK Sept. 30, 2025 14,399 $782,586 No longer tracked
OGE Sept. 30, 2025 17,222 $764,323 -2.7%
BRO June 30, 2025 5,980 $743,912 -45.8%
ODFL Sept. 30, 2025 4,397 $713,633 26.5%
LNSR June 30, 2025 43,060 $608,007 -49.1%
SLAB Sept. 30, 2025 3,928 $578,830 69.8%
JJSF June 30, 2025 4,236 $557,966 -31.7%
TKR June 30, 2025 7,574 $544,342 65.7%
SON June 30, 2025 11,227 $530,372 10.5%
NEAR Sept. 30, 2025 10,165 $519,477
IPAR Sept. 30, 2025 3,793 $498,059 15.2%
DLB June 30, 2025 6,052 $486,036 -20.6%
LKQ Sept. 30, 2025 12,810 $474,098 -25.8%
CNC Sept. 30, 2025 8,678 $471,042 77.6%
ICLR June 30, 2025 2,637 $461,624 11.8%
JAZZ June 30, 2025 3,699 $459,231 121.7%
MEDP Sept. 30, 2025 1,442 $452,586 19.0%
AVT June 30, 2025 9,226 $443,678 100.6%
MGV June 30, 2025 3,351 $431,811
COKE June 30, 2025 315 $425,250 73.4%
SPEM Sept. 30, 2025 9,824 $419,914 12.5%
TEAM Sept. 30, 2025 2,044 $415,116 21.3%
ARW Sept. 30, 2025 3,170 $403,953 99.9%
FISR Sept. 30, 2025 15,605 $403,251
XLSR Sept. 30, 2025 6,681 $366,920
GGG Sept. 30, 2025 4,157 $357,377 -8.2%
JNK Sept. 30, 2025 3,543 $344,790 -5.7%
GPK Sept. 30, 2025 15,541 $327,449 -56.2%
NCLH June 30, 2025 16,785 $318,244 -25.2%
RGA June 30, 2025 1,600 $315,040 26.2%
SRLN Sept. 30, 2025 7,288 $303,151
FDS Sept. 30, 2025 668 $298,783 -7.4%
GCOW June 30, 2025 7,959 $294,342
ALGN Sept. 30, 2025 1,517 $287,214 12.6%
TSN June 30, 2025 4,144 $264,392 -7.2%
KHC Sept. 30, 2025 10,156 $262,298 -15.8%
CIVI Sept. 30, 2025 9,501 $261,468 No longer tracked
OC June 30, 2025 1,818 $259,717 -14.8%
PEG June 30, 2025 3,081 $253,545 -19.2%
GLOB Sept. 30, 2025 2,743 $249,174 -37.7%
ARE June 30, 2025 2,656 $245,765 -34.8%
ASH June 30, 2025 4,141 $245,520 37.4%
COIN Sept. 30, 2025 696 $243,941 -43.4%
ONTO June 30, 2025 1,958 $237,705 219.6%
SPMO Sept. 30, 2025 2,096 $235,737
CNR June 30, 2025 3,000 $231,300 30.3%
MKC Sept. 30, 2025 2,961 $224,503 -33.3%
FPEI Sept. 30, 2025 11,578 $219,876
AWK June 30, 2025 1,476 $217,726 -7.4%
VTR June 30, 2025 3,163 $217,398 32.7%
PPG Sept. 30, 2025 1,896 $215,670 0.1%
MDYG June 30, 2025 2,707 $214,991 21.5%
NICE June 30, 2025 1,388 $213,988 -32.4%
EMB June 30, 2025 2,315 $209,528
DES June 30, 2025 6,496 $207,613
ABR June 30, 2025 17,500 $205,625 -67.1%
WEC June 30, 2025 1,851 $201,746 -2.2%
SAN June 30, 2025 19,122 $128,117 65.1%
FBZ Sept. 30, 2025 10,409 $124,700 No longer tracked
HRTX June 30, 2025 31,847 $70,063 -82.4%
KOS June 30, 2025 17,297 $39,437 46.4%
CLSD Sept. 30, 2025 30,000 $24,000 No longer tracked
ABEV June 30, 2025 10,000 $23,300 36.7%
TLRY Sept. 30, 2025 43,046 $17,838 117.6%
STI June 30, 2025 44,000 $5,306 33.5%