Sector breakdown

04
Financials 16.8%
Technology 15.5%
Health Care 6.4%
Communication Services 5.7%
Retail 5.2%
Industrials 3.0%
Energy 2.7%
Utilities 2.1%
Consumer Staples 1.1%
Real Estate 0.8%
Consumer Discretionary 0.5%
Materials 0.2%
Consumer products 0.1%
Other/Unmapped 39.9%

Full portfolio 232 positions

05
Type Streak 8Q trend
MSFT Microsoft Corporation - Common Stock $13,036,179 4.48% 34,948 $-467,808 Down ×1
AAPL Apple Inc. - Common Stock $11,626,714 4.00% 40,181 $1,873,123 Up ×1
BX Blackstone Inc. Common Stock $11,165,642 3.84% 94,883 $502,848 Up ×3
GOOGL Alphabet Inc. - Class A Common Stock $8,134,626 2.80% 22,762 $2,046,853 Up ×2
NVDA NVIDIA Corporation - Common Stock $8,042,033 2.76% 40,192 $1,198,922 Up ×1
AMZN Amazon.com, Inc. - Common Stock $6,359,626 2.19% 26,683 $435,178 Down ×3
COST Costco Wholesale Corporation - Common Stock $6,087,942 2.09% 6,508 $-375,476 Up ×1
HCA HCA Healthcare, Inc. Common Stock $6,074,503 2.09% 15,580 $-1,426,233 Down ×5
JPM JP Morgan Chase & Co. Common Stock $5,909,359 2.03% 18,053 $645,307 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $5,163,907 1.77% 14,615 $959,469 Down ×3
MOAT VanEck ETF Trust $5,107,212 1.76% 49,127 $175,061 Down ×1
DGRO iShares Trust $4,962,668 1.71% 65,479 $275,888 Down ×1
GBDC Golub Capital BDC, Inc. - Closed End Fund $4,507,771 1.55% 349,982 $-85,355 Down ×1
VOO VANGUARD INDEX FUNDS $4,132,041 1.42% 6,016 $689,440 Up ×2
VIG VANGUARD SPECIALIZED FUNDS $3,934,245 1.35% 16,627 $317,440 Down ×1
IVV iShares Trust $3,862,422 1.33% 5,158 $484,469 Down ×6
MA Mastercard Incorporated Common Stock $3,365,546 1.16% 6,553 $-176,862 Down ×6
AVUV AMERICAN CENTURY ETF TRUST $3,231,081 1.11% 25,899 $353,213 Down ×4
QQQ Invesco QQQ Trust, Series 1 $3,187,728 1.10% 4,329 $696,157 Up ×2
V Visa Inc. $3,101,534 1.07% 9,040 $390,441 Up ×1
ITOT iShares Trust $3,082,681 1.06% 18,766 $431,814 Up ×3
BIP Brookfield Infrastructure Partners LP Limited Partnership Units $3,066,416 1.05% 84,034 $71,150 Up ×1
IJR iShares Trust $2,859,464 0.98% 19,280 $475,165 Up ×2
OWL Blue Owl Capital Inc. Class A Common Stock $2,848,977 0.98% 325,628 $-137,431 Down ×1
IJH iShares Trust $2,693,006 0.93% 34,924 $422,343 Up ×2
MPC Marathon Petroleum Corporation Common Stock $2,609,127 0.90% 10,205 $108,479 Down ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $2,540,561 0.87% 2,512 $403,590 Down ×6
IWF iShares Trust $2,457,830 0.84% 19,794 $331,259 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,422,888 0.83% 4,842 $81,038 Down ×1
RSP Invesco Exchange-Traded Fund Trust $2,420,603 0.83% 11,377 $187,800 Down ×1
QUAL iShares Trust $2,336,506 0.80% 10,648 $276,652 Down ×4
IVE iShares Trust $2,312,979 0.79% 10,187 $172,845 Down ×1
JNJ Johnson & Johnson Common Stock $2,271,000 0.78% 8,942 $81,551 Down ×1
VBK VANGUARD INDEX FUNDS $2,169,443 0.75% 5,932 $372,347 Down ×1
AVGO Broadcom Inc. - Common Stock $2,118,422 0.73% 5,608 $255,172 Down ×1
VBR VANGUARD INDEX FUNDS $2,088,673 0.72% 8,596 $198,710 Down ×1
NMFC New Mountain Finance Corporation - Common Stock $2,037,923 0.70% 284,229 $-420,073 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,985,589 0.68% 4,777 $665,811 Down ×5
SPY SPY $1,918,233 0.66% 2,569 $237,315 Up ×2
NMRK Newmark Group, Inc. - Class A Common Stock $1,915,004 0.66% 126,738 $18,509 Up ×2
IWO iShares Trust $1,914,840 0.66% 4,860 $398,362 Down ×1
VB VANGUARD INDEX FUNDS $1,846,961 0.63% 6,093 $262,825 Up ×2
KO Coca-Cola Company (The) Common Stock $1,836,987 0.63% 22,604 $117,388 Down ×3
LLY Eli Lilly and Company Common Stock $1,812,339 0.62% 1,511 $814,389 Up ×3
ETN Eaton Corporation, PLC Ordinary Shares $1,696,384 0.58% 3,981 $67,912 Down ×1
OBDC Blue Owl Capital Corporation Common Stock $1,644,343 0.57% 151,274 $-87,273 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $1,613,366 0.55% 4,731 $862,587 Up ×1
ABBV AbbVie Inc. Common Stock $1,587,345 0.55% 6,308 $223,683 Up ×1
IEMG iShares, Inc. $1,548,240 0.53% 18,690 $178,879 Down ×1
MU Micron Technology, Inc. - Common Stock $1,543,286 0.53% 1,337 $1,072,675 Down ×3
DLN WisdomTree Trust $1,543,073 0.53% 16,020 $110,731 Down ×1
XLF SELECT SECTOR SPDR TRUST $1,528,813 0.53% 28,517 $120,913
IWD iShares Trust $1,524,462 0.52% 6,288 $144,528 Down ×1
USMV iShares Trust $1,516,223 0.52% 15,719 $74,982 Down ×1
DFAC Dimensional ETF Trust $1,398,690 0.48% 31,530 $302,100 Up ×1
IWM iShares Trust $1,346,250 0.46% 4,481 $230,305 Down ×1
RDVY First Trust Rising Dividend Achievers ETF $1,342,328 0.46% 16,560 $212,327 Up ×2
XLK SELECT SECTOR SPDR TRUST $1,325,448 0.46% 6,957 $400,863
AVLV AMERICAN CENTURY ETF TRUST $1,322,184 0.45% 14,496 $267,352 Up ×2
TJX TJX Companies, Inc. (The) Common Stock $1,294,871 0.45% 8,547 $-149,456 Down ×6
SGRY Surgery Partners, Inc. - Common Stock $1,258,706 0.43% 74,923 $447,407 Up ×1
IEFA iShares Trust $1,238,515 0.43% 12,824 $90,719 Up ×2
VV VANGUARD INDEX FUNDS $1,221,781 0.42% 3,553 $129,580 Down ×5
DFAI Dimensional ETF Trust $1,220,316 0.42% 29,583 $143,869 Up ×2
IDEV iShares Trust $1,187,740 0.41% 13,344 $85,795 Up ×2
CSCO Cisco Systems, Inc. - Common Stock $1,104,180 0.38% 9,400 $377,590 Up ×2
VO VANGUARD INDEX FUNDS $1,077,704 0.37% 13,376 $103,589 Up ×1
UNP Union Pacific Corporation Common Stock $1,068,416 0.37% 3,928 $126,323 Up ×2
VPU VANGUARD WORLD FUND $1,058,634 0.36% 5,409 $-18,387 Down ×1
IWB iShares Trust $1,035,819 0.36% 2,529 $139,259 Up ×6
APH Amphenol Corporation Common Stock $1,034,469 0.36% 5,867 $87,349 Down ×2
JMST J.P. Morgan Exchange-Traded Fund Trust $1,022,499 0.35% 20,049 $401
DFAE Dimensional ETF Trust $1,007,532 0.35% 25,057 $225,922 Up ×2
NEE NextEra Energy, Inc. Common Stock $994,579 0.34% 11,332 $-59,080 Down ×4
IWS iShares Trust $994,184 0.34% 6,040 $51,392 Down ×1
BGB Blackstone Strategic Credit 2027 Term Fund Common Shares of Beneficial Interest $964,037 0.33% 85,313 $-185,299 Down ×6
OKE ONEOK, Inc. Common Stock $961,288 0.33% 11,057 $-631,027 Down ×1
BAC Bank of America Corporation Common Stock $938,005 0.32% 16,462 $127,000 Down ×1
IWR iShares Trust $929,435 0.32% 8,425 $125,743 Up ×6
NFLX Netflix, Inc. - Common Stock $926,486 0.32% 12,976 $-87,031 Up ×4
EPD Enterprise Products Partners L.P. Common Stock $906,019 0.31% 24,647 $-13,641 Up ×2
SCHW Charles Schwab Corporation (The) Common Stock $903,192 0.31% 9,789 $-118,518 Down ×1
LRGF iShares Trust $893,115 0.31% 11,809 $107,451 Down ×3
VLUE iShares Trust $881,689 0.30% 4,413 $252,064 Down ×1
JEPI J.P. Morgan Exchange-Traded Fund Trust $872,473 0.30% 15,447 $5,082 Up ×2
UBSI United Bankshares, Inc. - Common Stock $862,337 0.30% 18,816 $82,978
SPLV Invesco Exchange-Traded Fund Trust II $858,943 0.30% 11,468 $-18,040 Down ×6
VDE VANGUARD WORLD FUND $833,222 0.29% 5,550 $-108,116 Up ×1
VTV VANGUARD INDEX FUNDS $830,313 0.29% 3,810 $82,791 Down ×1
BSL Blackstone Senior Floating Rate 2027 Term Fund Common Shares of Beneficial Interest $818,233 0.28% 63,184 $-132,521 Down ×6
DFIV Dimensional ETF Trust $789,799 0.27% 14,620 $120,445 Up ×5
TSM Taiwan Semiconductor Manufacturing Company Ltd. $779,481 0.27% 1,632 $265,741 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $773,191 0.27% 1,331 $475,166 Down ×4
TSLA Tesla, Inc. - Common Stock $761,286 0.26% 1,810 $88,418
RJF Raymond James Financial, Inc. Common Stock $736,889 0.25% 4,847 $35,092
RTX RTX Corporation Common Stock $732,168 0.25% 3,859 $-12,233
FTEC FIDELITY COVINGTON TRUST $729,371 0.25% 2,554 $198,011
C Citigroup, Inc. Common Stock $724,573 0.25% 5,177 $137,449
AVUS AMERICAN CENTURY ETF TRUST $721,270 0.25% 5,631 $198,244 Up ×2
SCHM SCHWAB STRATEGIC TRUST $719,776 0.25% 19,522 $115,375

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
BX $11,165,642 3.84% up ×3
ITOT $3,082,681 1.06% up ×3
LLY $1,812,339 0.62% up ×3
IWB $1,035,819 0.36% up ×6
IWR $929,435 0.32% up ×6
NFLX $926,486 0.32% up ×4
DFIV $789,799 0.27% up ×5
DFEV $710,450 0.24% up ×3
DFIC $607,265 0.21% up ×5
DFIS $586,928 0.20% up ×3
PM $511,613 0.18% up ×3
DFAS $508,113 0.17% up ×6
DIHP $453,521 0.16% up ×5
ET $406,225 0.14% up ×6
LHX $260,659 0.09% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
PWR $547,230 760 0.19%
AIQ $485,514 7,400 0.17%
MTSI $481,548 1,266 0.17%
Unknown issuer (CUSIP: 438516205) $378,167 1,689 0.13%
Unknown issuer (CUSIP: 43849R105) $373,404 1,689 0.13%
ASML $368,046 185 0.13%
MPWR $326,237 236 0.11%
AMAT $305,829 423 0.11%
MTUM $239,295 698 0.08%
DFEM $238,196 5,861 0.08%
NBCR $225,653 6,750 0.08%
EBAY $219,365 1,963 0.08%
DISV $217,568 5,422 0.07%
VEA $208,193 2,922 0.07%
PNC $206,579 839 0.07%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Bought more +2K +$2.0M
AAPL Bought more +2K +$1.9M
HCA Trimmed -270 -$1.4M
NVDA Bought more +954 +$1.2M
MU Trimmed -56 +$1.1M
GOOG Trimmed -42 +$959K
PANW Bought more +48 +$863K
LLY Bought more +426 +$814K
QQQ Bought more +95 +$696K
VOO Bought more +255 +$689K

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
NCDL Sept. 30, 2025 84,333 $1,365,344 -20.1%
HON June 30, 2026 3,403 $769,180 -4.4%
ADP March 31, 2026 2,919 $750,854 26.8%
TXN Dec. 31, 2025 3,905 $717,466 69.3%
IYH March 31, 2026 9,768 $635,897 17.5%
STZ June 30, 2025 3,194 $586,163 -30.6%
ALC Sept. 30, 2025 6,373 $562,608 -14.4%
DKNG Dec. 31, 2025 14,134 $528,612 -46.1%
ZTS June 30, 2026 4,393 $519,297 -3.0%
TDG Dec. 31, 2025 385 $507,438 -18.0%
CP Dec. 31, 2025 6,573 $489,623 16.7%
COO March 31, 2026 4,917 $402,997 -20.4%
NDAQ June 30, 2026 4,420 $375,214 14.6%
GE June 30, 2026 1,314 $372,864 -17.2%
VIGI Dec. 31, 2025 3,931 $352,100
ACWV March 31, 2026 2,669 $316,944
AON June 30, 2026 946 $305,350 -18.8%
NOW Dec. 31, 2025 327 $300,932 -12.3%
INTU March 31, 2026 417 $276,229 -35.0%
KD March 31, 2026 10,273 $272,851 -11.9%
VST June 30, 2025 2,270 $266,589 -27.8%
LIN Dec. 31, 2025 554 $263,150 12.5%
LPLA Dec. 31, 2025 781 $259,831 -11.4%
ADBE June 30, 2026 1,062 $258,151 15.9%
IT Dec. 31, 2025 963 $253,144 -26.7%
AZO Dec. 31, 2025 56 $240,253 -17.7%
FICO June 30, 2026 223 $238,061 -44.7%
MCD Dec. 31, 2025 781 $237,338 -24.1%
BSX March 31, 2026 2,454 $233,989 -32.1%
SSNC March 31, 2026 2,633 $230,177 16.2%
GTLS June 30, 2025 1,591 $229,677 No longer tracked
ACN Sept. 30, 2025 764 $228,352 -19.3%
D Dec. 31, 2025 3,710 $226,933 4.6%
PFE June 30, 2025 8,954 $226,894 14.7%
MCD June 30, 2026 728 $226,255 -14.2%
DHR March 31, 2026 986 $225,782 12.9%
AWK Dec. 31, 2025 1,617 $225,070 -0.2%
AJG June 30, 2026 1,026 $222,211 -1.5%
WDAY March 31, 2026 1,014 $217,787 43.3%
CMG Sept. 30, 2025 3,853 $216,346 -17.4%
JEPQ March 31, 2026 3,687 $214,288
AXP March 31, 2026 575 $212,721 0.1%
CB Dec. 31, 2025 739 $208,583 6.0%
IWN March 31, 2026 1,148 $208,048 12.6%
AMT June 30, 2026 1,203 $207,545 -0.8%
EFG Sept. 30, 2025 1,849 $207,088
XLY June 30, 2026 1,900 $207,062 No longer tracked
ADSK Dec. 31, 2025 640 $203,309 -28.4%
PLD Dec. 31, 2025 1,761 $201,670 1.0%
MDLZ Dec. 31, 2025 3,227 $201,591 8.1%
COP June 30, 2026 1,527 $201,564 21.9%
THM Dec. 31, 2025 10,000 $16,400 No longer tracked