Sector breakdown

04
Technology 24.7%
Communication Services 5.5%
Materials 3.0%
Retail 2.9%
Financials 1.9%
Healthcare 1.1%
Industrials 0.5%
Consumer Discretionary 0.3%
Energy 0.2%
Other/Unmapped 59.9%

Full portfolio 52 positions

05
Type Streak 8Q trend
VOO VANGUARD INDEX FUNDS $75,129,892 26.82% 109,390 $10,821,806 Up ×5
AAPL Apple Inc. - Common Stock $43,424,674 15.50% 150,071 $4,287,130 Down ×4
XLK SELECT SECTOR SPDR TRUST $29,433,183 10.51% 154,489 $8,345,375 Down ×2
NVDA NVIDIA Corporation - Common Stock $20,370,839 7.27% 101,808 $2,130,866 Down ×4
AIRR First Trust RBA American Industrial Renaissance ETF $10,198,741 3.64% 76,538 $2,480,322 Up ×6
FXO First Trust Exchange-Traded AlphaDEX Fund $10,078,195 3.60% 161,354 $1,703,265 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $9,306,286 3.32% 16,521 $-39,514 Up ×5
IVV iShares Trust $8,789,499 3.14% 11,737 $938,025 Down ×1
AMZN Amazon.com, Inc. - Common Stock $7,730,558 2.76% 32,435 $861,813 Down ×1
FTXO First Trust Nasdaq Bank ETF $6,486,034 2.32% 156,933 $403,071 Down ×6
NUE Nucor Corporation Common Stock $5,892,285 2.10% 26,452 $1,358,041 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $4,889,833 1.75% 13,839 $919,153 Down ×3
FV First Trust Dorsey Wright Focus 5 ETF $4,102,299 1.46% 54,063 $621,285 Down ×6
MSFT Microsoft Corporation - Common Stock $4,096,117 1.46% 10,981 $367,880 Up ×6
JPM JP Morgan Chase & Co. Common Stock $3,994,724 1.43% 12,204 $394,493 Down ×1
QTEC First Trust NASDAQ-100-Technology Sector Index Fund $3,455,426 1.23% 10,324 $1,237,576 Up ×6
ABBV AbbVie Inc. Common Stock $2,529,560 0.90% 10,052 $432,988 Up ×5
STLD Steel Dynamics, Inc. - Common Stock $2,475,904 0.88% 10,790 $1,277,551 Up ×1
FDN First Trust Exchange-Traded Fund $2,313,388 0.83% 8,739 $412,596 Up ×6
FXD First Trust Exchange-Traded AlphaDEX Fund $2,246,998 0.80% 32,487 $329,862 Up ×6
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund $1,843,873 0.66% 9,616 $674,706 Up ×1
PULS PGIM ETF Trust $1,834,437 0.65% 37,022 $147,568 Up ×6
UYLD Angel Oak UltraShort Income ETF $1,821,277 0.65% 35,708 $156,032 Up ×6
FLDR Fidelity Merrimack Street Trust $1,805,138 0.64% 36,024 $146,083 Up ×6
SRLN SSGA Active Trust $1,733,198 0.62% 43,018 $168,470 Up ×1
PFFA ETFis Series Trust I $1,684,947 0.60% 81,913 $167,031 Up ×6
BALT Innovator Defined Wealth Shield ETF $1,359,251 0.49% 39,663 $289,341 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $857,126 0.31% 2,398 $173,091 Up ×2
TSLA Tesla, Inc. - Common Stock $778,110 0.28% 1,850 $91,116 Up ×1
SCHR SCHWAB STRATEGIC TRUST $699,481 0.25% 28,365 $299,252 Up ×1
AXP American Express Company Common Stock $626,756 0.22% 1,853 $68,051 Up ×2
INTC Intel Corporation - Common Stock $624,723 0.22% 4,474 Up ×1
XOM Exxon Mobil Corporation Common Stock $563,993 0.20% 4,125 $-145,070 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $560,937 0.20% 1,121 $57,298 Up ×6
FTCB First Trust Exchange-Traded Fund IV $556,892 0.20% 26,703 $232,201 Up ×1
CAT Caterpillar, Inc. Common Stock $501,955 0.18% 471 $95,847 Down ×1
FTXL First Trust Nasdaq Semiconductor ETF $500,947 0.18% 1,758 $191,492 Down ×6
KR Kroger Company (The) Common Stock $457,271 0.16% 8,235 $-135,735 Up ×2
LMBS First Trust Low Duration Opportunities ETF $435,575 0.16% 8,750 $19,512 Up ×1
JNJ Johnson & Johnson Common Stock $388,917 0.14% 1,531 $20,595 Up ×2
FXR First Trust Exchange-Traded AlphaDEX Fund $382,126 0.14% 4,194 $-255,715 Down ×2
FXL First Trust Exchange-Traded AlphaDEX Fund $373,985 0.13% 1,722 $100,460
SPY SPY $365,831 0.13% 490 $56,170 Up ×2
GE GE Aerospace Common Stock $350,547 0.13% 938 $84,550 Up ×1
IBM International Business Machines Corporation Common Stock $290,846 0.10% 1,034 $44,115 Up ×5
MSI Motorola Solutions, Inc. Common Stock $286,082 0.10% 689 $-12,719
UNH UnitedHealth Group Incorporated Common Stock (DE) $283,119 0.10% 681
AMD Advanced Micro Devices, Inc. - Common Stock $282,322 0.10% 486 Up ×1
GLD SPDR Gold Shares $262,287 0.09% 712 $-32,462 Up ×2
TFC Truist Financial Corporation Common Stock $257,879 0.09% 5,176 $21,349 Up ×3
GEV GE Vernova Inc. Common Stock $209,352 0.07% 178 Up ×1
NOC Northrop Grumman Corporation Common Stock $204,908 0.07% 402 $-69,574

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VOO $75,129,892 26.82% up ×5
AIRR $10,198,741 3.64% up ×6
FXO $10,078,195 3.60% up ×6
META $9,306,286 3.32% up ×5
MSFT $4,096,117 1.46% up ×6
QTEC $3,455,426 1.23% up ×6
ABBV $2,529,560 0.90% up ×5
FDN $2,313,388 0.83% up ×6
FXD $2,246,998 0.80% up ×6
PULS $1,834,437 0.65% up ×6
UYLD $1,821,277 0.65% up ×6
FLDR $1,805,138 0.64% up ×6
PFFA $1,684,947 0.60% up ×6
BRK-B (filed as BRKB) $560,937 0.20% up ×6
IBM $290,846 0.10% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
INTC $624,723 4,474 0.22%
UNH $283,119 681 0.10%
AMD $282,322 486 0.10%
GEV $209,352 178 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +2K +$10.8M
XLK Trimmed -4K +$8.3M
AAPL Trimmed -3K +$4.3M
AIRR Bought more +6K +$2.5M
NVDA Trimmed -3K +$2.1M
FXO Bought more +12K +$1.7M
NUE Trimmed -436 +$1.4M
STLD Bought more +4K +$1.3M
QTEC Bought more +39 +$1.2M
IVV Trimmed -283 +$938K

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
FNDX March 31, 2026 12,721,524 $12,721,524 14.9%
SJNK March 31, 2026 36,204 $1,494,137
SRLN Dec. 31, 2025 31,621 $1,306,580
AVGO Dec. 31, 2025 2,842 $947,371 2.6%
DIA Sept. 30, 2025 543 $239,122
XLE June 30, 2026 3,691 $226,106 18.3%
UNH March 31, 2026 672 $221,891 37.4%
XLE Dec. 31, 2025 2,356 $210,478 40.5%
WMT June 30, 2026 1,673 $207,926 -7.9%
FLG June 30, 2025 10,919 $126,879 10.4%