Sector breakdown

04
Technology 4.8%
Financials 2.7%
Healthcare 1.7%
Industrials 1.7%
Communication Services 1.3%
Retail 1.0%
Consumer Discretionary 1.0%
Utilities 0.8%
Materials 0.6%
Consumer Staples 0.5%
Energy 0.3%
Consumer products 0.0%
Real Estate 0.0%
Other/Unmapped 83.4%

Full portfolio 404 positions

05
Type Streak 8Q trend
VTI Vanguard Morningstar Total Stock Market ETF $255,766,734 9.97% 691,187 $36,897,413 Up ×6
QQQ Invesco QQQ Trust, Series 1 $118,561,785 4.62% 161,002 $25,551,905 Down ×6
DLN WisdomTree Trust $115,260,971 4.49% 1,196,646 $11,186,125 Up ×2
IVV iShares Trust $112,958,489 4.40% 150,835 $18,587,251 Up ×4
SMTH ALPS ETF Trust $107,706,112 4.20% 4,184,387 $57,658,694 Up ×2
VEA Vanguard FTSE Developed Markets ETF $74,586,563 2.91% 1,046,829 $8,106,793 Up ×1
EMMF WisdomTree Trust $70,471,501 2.75% 1,824,236 $8,039,701 Down ×1
BND Vanguard Total Bond Market ETF $60,183,897 2.35% 819,832 $5,703,099 Up ×3
XLK SELECT SECTOR SPDR TRUST $55,697,035 2.17% 292,342 $-16,811,098 Down ×1
IJH iShares Trust $51,990,368 2.03% 674,236 $7,712,516 Up ×2
IJR iShares Trust $49,758,255 1.94% 335,502 $7,116,835 Down ×1
XLF SELECT SECTOR SPDR TRUST $44,255,401 1.73% 825,506 $38,665,877 Up ×1
IHDG WisdomTree Trust $41,107,223 1.60% 784,789 $3,888,408 Up ×2
XLY XLY $39,416,234 1.54% 336,087 $-77,216 Down ×1
UCON First Trust Smith Unconstrained Bond ETF $39,116,222 1.52% 1,572,195 $2,447,441 Up ×2
GLD SPDR Gold Shares $38,220,678 1.49% 103,753 $-1,811,524 Up ×2
USIG iShares Broad USD Investment Grade Corporate Bond ETF $36,588,294 1.43% 713,361 $2,249,809 Up ×2
SAMT Advisors' Inner Circle Fund III $33,855,748 1.32% 709,244 $7,338,970 Up ×5
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $33,013,731 1.29% 65,976 $878,579 Down ×4
LMBS First Trust Low Duration Opportunities ETF $28,611,923 1.12% 574,767 $815,878 Up ×3
XLI SELECT SECTOR SPDR TRUST $28,487,643 1.11% 153,796 $9,063,989 Up ×1
GOVT iShares Trust $27,035,740 1.05% 1,186,819 $1,488,231 Up ×2
TLT iShares 20+ Year Treasury Bond ETF $26,266,834 1.02% 303,944 $-7,772,612 Down ×1
XLU XLU $25,336,713 0.99% 558,816 $8,990,901 Up ×6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF $25,189,579 0.98% 583,903 $3,004,290 Up ×2
FNDA SCHWAB STRATEGIC TRUST $23,697,760 0.92% 622,642 $3,568,801 Up ×1
XMHQ Invesco Exchange-Traded Fund Trust $23,376,755 0.91% 207,094 $1,991,202 Up ×1
RLY SSGA Active Trust $22,923,141 0.89% 664,246 $10,307,072 Up ×1
SPMO Invesco S&P 500 Momentum ETF $21,585,858 0.84% 133,625 $6,266,716 Down ×3
XLP XLP $19,973,688 0.78% 240,444 $-2,159,463 Down ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $18,850,077 0.73% 158,417 $3,887,854 Up ×1
AMZN Amazon.com, Inc. - Common Stock $17,210,293 0.67% 72,209 $2,885,066 Up ×6
MSFT Microsoft Corporation - Common Stock $17,179,810 0.67% 46,056 $8,571,112 Up ×6
VNQ Vanguard Real Estate ETF $16,870,501 0.66% 174,951 $-1,066,881 Down ×2
NVDA NVIDIA Corporation - Common Stock $15,769,771 0.61% 78,813 $2,418,583 Up ×6
BLV VANGUARD BOND INDEX FUNDS $15,684,035 0.61% 227,536 $-4,406,975 Down ×2
AVUV AMERICAN CENTURY ETF TRUST $15,620,298 0.61% 125,203 $2,347,723 Up ×6
XLE SELECT SECTOR SPDR TRUST $15,276,091 0.60% 287,631 $-4,178,355 Down ×2
MTUM iShares Trust $13,501,975 0.53% 39,384 $3,602,491 Down ×6
IEF iShares 7-10 Year Treasury Bond ETF $13,275,317 0.52% 140,376 $8,893,189 Up ×1
BIL SPDR SERIES TRUST $12,523,952 0.49% 136,665 $2,341,095 Up ×2
QUAL iShares Trust $12,127,703 0.47% 55,269 $1,369,063 Down ×6
SMH SMH $11,799,355 0.46% 17,990 $10,391,189 Up ×1
AAPL Apple Inc. - Common Stock $11,591,871 0.45% 40,060 $1,405,340 Down ×1
FCX Freeport-McMoRan, Inc. Common Stock $11,421,629 0.45% 181,613 $770,896 Up ×1
SUSL iShares ESG MSCI USA Leaders ETF $10,740,417 0.42% 80,901 $1,871,121 Up ×1
KLAC KLA Corporation - Common Stock $10,551,475 0.41% 34,972 $4,443,867 Up ×4
SPHQ Invesco S&P 500 Quality ETF $9,581,503 0.37% 106,343 $-160,380 Down ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $9,395,873 0.37% 34,550 $6,718,325 Up ×2
VOO Vanguard S&P 500 ETF $9,349,497 0.36% 13,613 $484,652 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $9,208,357 0.36% 25,767 $2,512,303 Up ×2
XLB XLB $9,148,296 0.36% 179,978 $-1,753,019 Down ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $9,132,343 0.36% 357,850 $-47,989,478 Down ×1
SPEM State Street SPDR Portfolio Emerging Markets ETF $8,975,636 0.35% 173,342 $1,726,983 Up ×2
SLYV SPDR SERIES TRUST $8,888,166 0.35% 81,461 $2,116,635 Up ×1
IWO iShares Russell 2000 Growth Fund $8,535,962 0.33% 21,667
XLC SELECT SECTOR SPDR TRUST $8,364,449 0.33% 78,078 $-10,460,901 Down ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $8,274,948 0.32% 136,124 $515,848 Down ×1
FTNT Fortinet, Inc. - Common Stock $8,229,731 0.32% 53,572 $4,151,494 Up ×6
FLJP Franklin Templeton ETF Trust $8,045,957 0.31% 202,414 $1,128,160 Up ×1
ANET Arista Networks, Inc. Common Stock $7,495,445 0.29% 44,122 $2,313,761 Up ×6
IGV iShares Expanded Tech-Software Sector ETF $7,454,407 0.29% 82,278 $5,504,549 Up ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $7,404,325 0.29% 63,464 $3,560,233 Up ×3
LLY Eli Lilly and Company Common Stock $7,139,393 0.28% 5,952 $2,139,482 Up ×5
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $7,025,922 0.27% 121,830 $52,759 Down ×1
AVGO Broadcom Inc. - Common Stock $6,985,339 0.27% 18,492 $1,279,052 Up ×6
VRT Vertiv Holdings, LLC Class A Common Stock $6,924,838 0.27% 20,682 $-359,044 Down ×1
PICK iShares, Inc. $6,870,090 0.27% 118,144 $923,217 Up ×1
DIVO Amplify ETF Trust $6,794,442 0.26% 148,675 $267,876 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $6,433,578 0.25% 11,075 $2,207,116 Down ×2
AVDV AMERICAN CENTURY ETF TRUST $6,404,514 0.25% 62,150 $113,345 Down ×6
CSCO Cisco Systems, Inc. - Common Stock $6,186,718 0.24% 52,671 $1,961,856 Down ×6
ABBV AbbVie Inc. Common Stock $5,872,821 0.23% 23,338 $1,212,917 Up ×2
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $5,746,592 0.22% 202,416 $555,005 Up ×4
IEI iShares 3-7 Year Treasury Bond ETF $5,726,462 0.22% 48,757 $-29,228 Up ×1
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $5,648,892 0.22% 289,316 $243,514 Up ×3
VEU Vanguard FTSE All World Ex US ETF $5,648,544 0.22% 67,445 $673,296 Up ×2
MS Morgan Stanley Common Stock $5,622,218 0.22% 26,895 $1,423,183 Up ×2
SPDW State Street SPDR Portfolio Developed World ex-US ETF $5,595,326 0.22% 111,040 $735,250 Up ×4
APH Amphenol Corporation Common Stock $5,488,136 0.21% 31,126 Up ×1
APP Applovin Corporation - Class A Common Stock $5,474,319 0.21% 10,625 $2,627,027 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $5,438,610 0.21% 5,377 $1,110,216 Up ×2
CMI Cummins Inc. Common Stock $5,346,265 0.21% 7,496 $1,424,174 Up ×1
MPWR Monolithic Power Systems, Inc. - Common Stock $5,227,073 0.20% 3,781 $303,551 Down ×1
GILD Gilead Sciences, Inc. - Common Stock $5,183,264 0.20% 41,026 $828,138 Up ×3
MRK Merck & Company, Inc. Common Stock (new) $5,143,753 0.20% 40,029 $202,080 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $5,001,300 0.19% 12,033 $4,670,870 Up ×3
BSCS Invesco BulletShares 2028 Corporate Bond ETF $4,940,562 0.19% 242,601 $188,689 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $4,902,398 0.19% 8,703 $122,722 Up ×6
KO Coca-Cola Company (The) Common Stock $4,873,600 0.19% 59,968 $484,505 Up ×4
BSCR Invesco BulletShares 2027 Corporate Bond ETF $4,837,576 0.19% 246,626 $200,376 Up ×3
URA Global X Uranium ETF $4,807,534 0.19% 110,012
DDWM WisdomTree Trust $4,629,557 0.18% 100,250 $1,879,740 Up ×3
BSCT Invesco BulletShares 2029 Corporate Bond ETF $4,610,705 0.18% 248,221 $2,407 Up ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $4,602,902 0.18% 36,364 $-18,911 Up ×6
STT State Street Corporation Common Stock $4,526,307 0.18% 26,688 $1,155,995 Up ×2
BK The Bank of New York Mellon Corporation Common Stock $4,403,934 0.17% 30,454 $879,655 Up ×2
BKNG Booking Holdings Inc. - Common Stock $4,252,185 0.17% 23,857 Up ×1
XLV SELECT SECTOR SPDR TRUST $4,227,535 0.16% 26,645 $-27,572,355 Down ×1
BFOR ALPS ETF Trust $4,207,170 0.16% 43,999 $1,211,472 Up ×4

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VTI $255,766,734 9.97% up ×6
IVV $112,958,489 4.40% up ×4
BND $60,183,897 2.35% up ×3
SAMT $33,855,748 1.32% up ×5
LMBS $28,611,923 1.12% up ×3
XLU $25,336,713 0.99% up ×6
AMZN $17,210,293 0.67% up ×6
MSFT $17,179,810 0.67% up ×6
NVDA $15,769,771 0.61% up ×6
AVUV $15,620,298 0.61% up ×6
KLAC $10,551,475 0.41% up ×4
FTNT $8,229,731 0.32% up ×6
ANET $7,495,445 0.29% up ×6
PLTR $7,404,325 0.29% up ×3
LLY $7,139,393 0.28% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
IWO $8,535,962 21,667 0.33%
APH $5,488,136 31,126 0.21%
URA $4,807,534 110,012 0.19%
BKNG $4,252,185 23,857 0.17%
PPG $4,112,216 33,904 0.16%
ACWI $4,077,209 25,974 0.16%
TDI $3,143,498 69,974 0.12%
CROX $2,386,380 19,781 0.09%
BOTZ $1,300,280 34,272 0.05%
IJT $891,974 4,994 0.03%
XOVR $791,838 37,617 0.03%
BUFZ $563,236 20,166 0.02%
CROX $482,560 4,000 0.02%
VXUS $452,657 5,295 0.02%
TAXF $438,452 8,625 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SMTH Bought more +2.2M +$57.7M
VTI Bought more +9K +$36.9M
QQQ Trimmed -143 +$25.6M
IVV Bought more +6K +$18.6M
XLK Trimmed -253K -$16.8M
DLN Bought more +32K +$11.2M
XLC Trimmed -92K -$10.5M
RLY Bought more +315K +$10.3M
XLI Bought more +34K +$9.1M
XLU Bought more +203K +$9.0M

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
URA March 31, 2026 257,789 $11,015,324 -13.5%
DIA June 30, 2025 24,627 $10,340,313
THRO March 31, 2026 168,335 $6,490,998
ITB March 31, 2026 61,537 $5,925,996
SPGM March 31, 2026 63,728 $4,888,599 16.6%
BSCP Dec. 31, 2025 220,239 $4,556,737 No longer tracked
QTUM Dec. 31, 2025 41,446 $4,348,053
VIGI Sept. 30, 2025 44,494 $4,009,839
DYNF June 30, 2025 81,609 $3,979,258
DECK June 30, 2026 36,723 $3,675,605 -17.8%
BLOK Dec. 31, 2025 47,416 $3,178,769
IWO March 31, 2026 9,472 $3,059,561
EIX Dec. 31, 2025 54,340 $3,003,934 -9.9%
PODD June 30, 2026 13,820 $2,899,989 -11.2%
PSA June 30, 2025 9,541 $2,855,395 -2.6%
ALLY Dec. 31, 2025 72,840 $2,855,338 -16.6%
BUFF June 30, 2025 62,230 $2,743,721
APD Dec. 31, 2025 9,936 $2,709,836 13.7%
CMCSA Dec. 31, 2025 80,327 $2,523,863 -23.0%
EOG Dec. 31, 2025 22,054 $2,472,720 37.4%
HPQ June 30, 2025 88,274 $2,444,307 29.7%
CPRT Dec. 31, 2025 53,887 $2,423,298 -31.5%
TGT June 30, 2025 22,405 $2,338,186 56.6%
ICOW June 30, 2025 69,198 $2,173,505
FIW Dec. 31, 2025 19,008 $2,135,570
ECOW June 30, 2025 104,344 $2,130,705
ADSK June 30, 2025 7,362 $1,927,372 -25.3%
ABNB June 30, 2025 16,107 $1,924,142 21.2%
BFZ March 31, 2026 168,123 $1,805,646 No longer tracked
CMG June 30, 2025 35,549 $1,784,915 -44.9%
VNOM (filed as VNOMXXXX) Dec. 31, 2025 29,980 $1,145,836 6.7%
SHY June 30, 2026 11,011 $909,178
VNOM March 31, 2026 23,118 $893,061 -12.3%
SPHY March 31, 2026 37,600 $889,998
SCHD Sept. 30, 2025 24,824 $657,838 21.6%
CROX March 31, 2026 6,335 $541,769 44.8%
DGRW June 30, 2026 6,101 $535,874
MDLZ Dec. 31, 2025 6,966 $435,141 10.8%
KRE June 30, 2026 6,664 $434,190
UNH June 30, 2025 695 $363,758 20.6%
BUFD Dec. 31, 2025 12,470 $344,671
LUMN Sept. 30, 2025 75,188 $329,323 -3.5%
SMDV June 30, 2025 4,689 $307,551
FLOT Sept. 30, 2025 5,935 $302,804
UPS Sept. 30, 2025 2,943 $297,060 11.6%
TMUS June 30, 2025 1,098 $292,848 -31.5%
AVY June 30, 2026 1,638 $282,775 5.6%
DHR June 30, 2026 1,466 $277,954 13.2%
CIBR March 31, 2026 3,774 $269,649
COHR Sept. 30, 2025 3,000 $267,630 214.1%
VO June 30, 2025 1,016 $262,654 15.7%
NFTY March 31, 2026 4,489 $261,794
GBTC March 31, 2026 3,750 $256,350 26.3%
BDX Dec. 31, 2025 1,332 $249,310 19.2%
INTU March 31, 2026 369 $244,437 -33.0%
COR June 30, 2026 776 $243,899 11.8%
LITE March 31, 2026 650 $239,584 61.3%
PSH June 30, 2026 4,775 $236,816
EWJ June 30, 2026 2,776 $234,405 6.5%
IAU June 30, 2026 2,591 $228,423 3.8%
AOK Sept. 30, 2025 5,833 $227,880
ORLY June 30, 2026 2,454 $226,529 -7.5%
AVUS Sept. 30, 2025 2,189 $220,695
PYPL Sept. 30, 2025 2,949 $219,170 -18.6%
ADP March 31, 2026 850 $218,646 29.4%
NKE June 30, 2026 4,124 $217,838 -15.7%
RDDT June 30, 2026 1,612 $217,056 -14.2%
FIXT June 30, 2026 5,713 $216,437 -5.1%
VCR June 30, 2025 662 $215,354
NLR June 30, 2026 1,600 $213,164 -8.8%
ARKK March 31, 2026 2,731 $210,056
FVD June 30, 2026 4,445 $209,028
RSG June 30, 2026 944 $206,755 0.8%
NLR Dec. 31, 2025 1,517 $205,781 -14.8%
CTVA June 30, 2026 2,456 $205,592 -83.6%
UBER June 30, 2026 2,788 $200,541 -3.8%
PCG June 30, 2025 11,625 $199,718 -10.3%
JFR Dec. 31, 2025 14,967 $122,427 -5.7%
GGT March 31, 2026 15,000 $63,000 1.8%