Sector breakdown

04
Consumer Discretionary 0.4%
Other/Unmapped 99.6%

Full portfolio 62 positions

05
Type Streak 8Q trend
VFMF Vanguard U.S. Multifactor ETF $28,435,186 4.75% 160,678 $11,694,219 Up ×1
QQQJ Invesco NASDAQ Next Gen 100 ETF $27,346,746 4.57% 601,821 $5,956,413 Up ×2
VFMO Vanguard U.S. Momentum Factor ETF $23,325,442 3.90% 93,485 $3,014,681 Down ×4
IUSG iShares Core S&P U.S. Growth ETF $21,176,113 3.54% 112,585 Up ×1
FPX First Trust US Equity Opportunities ETF $21,175,511 3.54% 102,704 $4,989,596 Up ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $21,130,244 3.53% 177,580 Up ×1
EFIV SPDR SERIES TRUST $20,763,171 3.47% 284,700 Up ×1
ICVT iShares Convertible Bond ETF $20,173,535 3.37% 165,710 $4,895,263 Up ×1
VBK Vanguard Morningstar Small-Cap Growth ETF $19,691,848 3.29% 53,847
VTWG Vanguard Russell 2000 Growth ETF $19,537,814 3.26% 67,915 $2,587,162 Down ×1
FESM Fidelity Covington Trust $19,339,227 3.23% 400,481 Up ×1
USVM VictoryShares US Small Mid Cap Value Momentum ETF $18,921,732 3.16% 172,282 $2,887,181 Up ×3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF $18,761,572 3.13% 335,628 $2,165,192 Up ×1
VT Vanguard Total World Stock Index ETF $18,013,465 3.01% 114,772 $1,429,727 Down ×2
WTV WisdomTree Trust $16,324,738 2.73% 160,487 $-4,671,314 Down ×1
VLUE iShares MSCI USA Value Factor ETF $15,771,403 2.63% 78,932 Up ×1
VOO Vanguard S&P 500 ETF $15,084,408 2.52% 21,963 $2,519,127 Up ×1
VLU State Street SPDR S&P 1500 Value Tilt ETF $14,728,583 2.46% 61,831 $2,110,113 Up ×1
DGT SPDR SERIES TRUST $14,656,714 2.45% 79,315 $-1,381,820 Down ×3
FNDX SCHWAB STRATEGIC TRUST $14,203,308 2.37% 456,698 $2,637,064 Up ×3
KEMX Krane Shares Trust $11,791,576 1.97% 224,744 $2,730,718 Up ×1
FLRT Pacer Funds Trust $10,176,858 1.70% 218,247 $-247,755 Down ×1
IVLU iShares Trust $9,943,374 1.66% 237,766 $659,603 Up ×1
EVTR Eaton Vance Total Return Bond ETF $9,748,896 1.63% 192,248 $-631,864 Down ×3
IDMO Invesco S&P International Developed Momentum ETF $9,445,815 1.58% 156,673 $389,812 Down ×3
FENI Fidelity Covington Trust $9,217,099 1.54% 229,681 $1,741,796 Up ×3
EMXC iShares MSCI Emerging Markets ex China ETF $7,791,782 1.30% 76,166 Up ×1
SCHC SCHWAB STRATEGIC TRUST $7,262,944 1.21% 150,934 Up ×1
IGEB iShares Investment Grade Systematic Bond ETF $7,154,175 1.19% 158,594
Unknown issuer (CUSIP: 19761L748) $7,054,324 1.18% 235,301 Up ×1
SLVP iShares, Inc. $7,008,522 1.17% 227,328 $277,895 Up ×1
SCHI SCHWAB STRATEGIC TRUST $6,936,828 1.16% 306,397 $933,069 Up ×1
IEF iShares 7-10 Year Treasury Bond ETF $6,794,949 1.13% 71,851 $-287,558 Down ×1
FLTR VanEck ETF Trust $6,429,595 1.07% 251,058 $5,261,872 Up ×2
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund $6,343,311 1.06% 281,841 $-1,466,982 Down ×1
AVEM AMERICAN CENTURY ETF TRUST $6,301,665 1.05% 65,309 $376,698 Down ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF $5,796,492 0.97% 70,133 $-808,530 Down ×2
RING iShares MSCI Global Gold Miners ETF $5,780,085 0.97% 89,475 $21,732 Up ×1
AVDV AMERICAN CENTURY ETF TRUST $5,091,804 0.85% 49,411 $1,261,274 Up ×1
EMHY iShares, Inc. $4,479,453 0.75% 110,155 Up ×1
VUG Vanguard Morningstar Growth ETF $4,452,663 0.74% 51,691 $-10,479,003 Up ×1
SPHY State Street SPDR Portfolio High Yield Bond ETF $4,337,642 0.72% 185,053 $149,883 Up ×1
SIVR abrdn Physical Silver Shares ETF $4,064,931 0.68% 72,304 $96,734 Up ×1
EVSD Eaton Vance Short Duration Income ETF $3,835,332 0.64% 75,417 $-1,188,982 Down ×2
JCPI JPMorgan Inflation Managed Bond ETF $3,761,010 0.63% 78,600 $-1,020,144 Down ×1
TLH iShares 10-20 Year Treasury Bond ETF $3,457,961 0.58% 34,459 $-3,614,698 Down ×1
UDIV Franklin U.S. Core Dividend Tilt Index ETF $3,449,253 0.58% 57,394 Up ×1
MGC VANGUARD WORLD FUND $3,305,177 0.55% 12,079 $-7,310,956 Down ×2
IAU iShares Gold Trust Shares $3,304,318 0.55% 43,760 $178,429 Up ×1
EPS WisdomTree Trust $2,818,565 0.47% 36,233 $-6,953,994 Down ×3
ZAP Global X U.S. Electrification ETF $2,793,131 0.47% 80,703 $375,342 Up ×1
ITA iShares U.S. Aerospace & Defense ETF $2,483,593 0.41% 10,245 $-521,157 Down ×1
JPIB JPMorgan International Bond Opportunities ETF $2,387,668 0.40% 49,383 $-322,578 Down ×2
SMH SMH $2,298,239 0.38% 3,504 Up ×1
ILCV iShares Morningstar Large-Cap Value ETF $2,231,836 0.37% 22,045 $-9,148,568 Down ×1
PAVE Global X Funds $2,181,925 0.36% 37,032 $300,329
AIQ Global X Artificial Intelligence & Technology ETF $2,124,452 0.35% 32,380 $404,242 Down ×2
VV Vanguard Morningstar Large-Cap ETF $1,800,025 0.30% 5,234 $-8,908,966 Down ×2
URA Global X Uranium ETF $1,635,429 0.27% 37,424 $174,586 Up ×1
SCHG SCHWAB STRATEGIC TRUST $1,299,084 0.22% 38,389 $-13,554,041 Down ×1
PPA Invesco Exchange-Traded Fund Trust $1,209,169 0.20% 6,845 Up ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $377,679 0.06% 7,519 $-1,488,603 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
USVM $18,921,732 3.16% up ×3
FNDX $14,203,308 2.37% up ×3
FENI $9,217,099 1.54% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IUSG $21,176,113 112,585 3.54%
SPYG $21,130,244 177,580 3.53%
EFIV $20,763,171 284,700 3.47%
VBK $19,691,848 53,847 3.29%
FESM $19,339,227 400,481 3.23%
VLUE $15,771,403 78,932 2.63%
EMXC $7,791,782 76,166 1.30%
SCHC $7,262,944 150,934 1.21%
IGEB $7,154,175 158,594 1.19%
Unknown issuer (CUSIP: 19761L748) $7,054,324 235,301 1.18%
EMHY $4,479,453 110,155 0.75%
UDIV $3,449,253 57,394 0.58%
SMH $2,298,239 3,504 0.38%
PPA $1,209,169 6,845 0.20%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VFMF Bought more +53K +$11.7M
VUG Bought more +18K -$10.5M
MGC Trimmed -33K -$7.3M
EPS Trimmed -107K -$7.0M
QQQJ Bought more +11K +$6.0M
FPX Bought more +784 +$5.0M
ICVT Bought more +16K +$4.9M
WTV Trimmed -61K -$4.7M
TLH Trimmed -36K -$3.6M
VFMO Trimmed -10K +$3.0M

4 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
VOT Dec. 31, 2025 71,363 $20,965,736
SCHG Sept. 30, 2025 625,096 $18,259,054 13.6%
FDVV March 31, 2026 311,181 $17,640,851
SMLF June 30, 2026 217,574 $16,424,661
MGK March 31, 2026 39,746 $16,405,956 27.1%
CMBS Dec. 31, 2025 330,156 $16,200,755
VTV Sept. 30, 2025 90,234 $15,947,957
ISCG June 30, 2026 260,499 $14,275,345 -5.7%
QQQ June 30, 2025 29,766 $13,957,873 35.0%
USMF Sept. 30, 2025 229,503 $11,763,635
FSMD Dec. 31, 2025 258,345 $11,369,763
IWP Dec. 31, 2025 79,803 $11,364,745 3.8%
XMMO June 30, 2025 96,174 $10,940,754
FNDB June 30, 2025 431,799 $9,935,695 29.6%
JPIB Sept. 30, 2025 200,867 $9,766,154
EQWL March 31, 2026 80,853 $9,553,590
VBK Dec. 31, 2025 31,653 $9,420,566
VB Dec. 31, 2025 36,481 $9,276,389
BIV June 30, 2026 112,975 $8,719,411
EDIV Sept. 30, 2025 205,737 $7,842,694
FNDE Dec. 31, 2025 215,239 $7,783,042
EMCR March 31, 2026 206,342 $7,631,270
ISCF June 30, 2026 165,457 $6,914,448
JSMD Dec. 31, 2025 81,221 $6,791,196
IGLB March 31, 2026 134,248 $6,772,812
EMGF June 30, 2026 106,414 $6,430,598
IGIB June 30, 2026 120,758 $6,426,741
IWY Sept. 30, 2025 24,887 $6,134,894
HDEF June 30, 2025 221,196 $6,003,259
FSTA June 30, 2025 114,210 $5,839,557
VDC June 30, 2025 26,633 $5,827,833
SHYL Dec. 31, 2025 123,593 $5,614,212
IGRO June 30, 2025 77,472 $5,612,072
VDC Dec. 31, 2025 24,384 $5,211,592
XLP Dec. 31, 2025 66,349 $5,199,771 No longer tracked
JSML March 31, 2026 69,883 $5,140,846
YLD June 30, 2025 262,354 $4,997,844
LKOR June 30, 2025 117,437 $4,984,860
JMEE Sept. 30, 2025 80,142 $4,745,208
HYEM Sept. 30, 2025 233,674 $4,631,419
FFIU Dec. 31, 2025 199,833 $4,474,301
IGEB March 31, 2026 93,010 $4,246,837
USMC Sept. 30, 2025 67,603 $4,229,244
IBND Dec. 31, 2025 127,580 $4,119,558
XSMO Dec. 31, 2025 55,663 $4,095,127
JMOM Dec. 31, 2025 59,886 $4,066,427
SPSB Sept. 30, 2025 126,541 $3,820,273
HYDB March 31, 2026 75,428 $3,571,516
SDCI June 30, 2025 146,011 $3,098,353
NUAG March 31, 2026 127,107 $2,692,762
HYUP March 31, 2026 63,680 $2,684,647
WLDR March 31, 2026 72,592 $2,582,838
HSCZ June 30, 2025 70,774 $2,278,923
VGT June 30, 2026 2,709 $1,890,123 8.1%
IBIT March 31, 2026 37,355 $1,854,676
IGSB June 30, 2026 25,840 $1,358,150
NBSD March 31, 2026 22,068 $1,129,529
PULS Sept. 30, 2025 11,841 $589,208