Sector breakdown

04
Technology 17.3%
Industrials 13.5%
Financials 6.8%
Retail 5.3%
Communication Services 4.7%
Energy 2.5%
Healthcare 2.3%
Materials 1.1%
Consumer Discretionary 0.6%
Real Estate 0.5%
Consumer products 0.4%
Utilities 0.3%
Consumer Staples 0.2%
Other/Unmapped 44.5%

Full portfolio 291 positions

05
Type Streak 8Q trend
LII Lennox International, Inc. Common Stock $92,307,975 8.83% 161,110 $15,358,934 Down ×4
AAPL Apple Inc. - Common Stock $86,922,348 8.31% 300,395 $10,877,625 Up ×1
FNDX SCHWAB STRATEGIC TRUST $66,581,350 6.37% 2,140,879 $8,824,931 Up ×1
AVDS AMERICAN CENTURY ETF TRUST $33,832,717 3.23% 449,544 $4,443,184 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $32,774,341 3.13% 92,303
AMZN Amazon.com, Inc. - Common Stock $31,591,982 3.02% 132,550 $3,474,685 Down ×3
SPY SPY $31,077,206 2.97% 41,616 $-230,519 Down ×2
NVDA NVIDIA Corporation - Common Stock $27,630,482 2.64% 138,090 $4,622,831 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $24,647,923 2.36% 49,257 $-2,733,769 Down ×6
VEA Vanguard FTSE Developed Markets ETF $22,522,876 2.15% 316,111 $4,190,298 Up ×2
JPIE JPMorgan Income ETF $22,495,396 2.15% 488,499 $-1,442,801 Down ×1
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $19,106,873 1.83% 720,470 $-1,059,769 Down ×1
FLXR TCW Flexible Income ETF $19,005,446 1.82% 484,709 $-979,552 Down ×1
VB Vanguard Morningstar Small-Cap ETF $18,717,963 1.79% 61,751 $2,309,985 Down ×2
BAC Bank of America Corporation Common Stock $15,044,151 1.44% 264,025 $2,119,649 Down ×3
SCHB SCHWAB STRATEGIC TRUST $14,817,481 1.42% 511,653 $2,147,045 Up ×1
AVEM AMERICAN CENTURY ETF TRUST $14,590,708 1.39% 151,215 $6,163,742 Up ×1
MSFT Microsoft Corporation - Common Stock $14,551,849 1.39% 39,011 $232,712 Up ×2
RSP Invesco Exchange-Traded Fund Trust $13,804,943 1.32% 64,882 $2,371,309 Up ×1
IDEV iShares Core MSCI International Developed Markets ETF $12,996,528 1.24% 146,012 $636,692 Down ×2
JQUA JPMorgan U.S. Quality Factor ETF $12,093,167 1.16% 167,310 $1,844,939 Up ×1
AVDE AMERICAN CENTURY ETF TRUST $10,679,245 1.02% 119,722 $4,750,432 Up ×2
COST Costco Wholesale Corporation - Common Stock $10,075,251 0.96% 10,770 $-820,882 Down ×1
JMBS Janus Henderson Mortgage-Backed Securities ETF $9,955,207 0.95% 221,276 $-288,868 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $9,931,533 0.95% 17,631 $-774,905 Down ×3
AVDV AMERICAN CENTURY ETF TRUST $9,862,317 0.94% 95,704 $570,128 Up ×1
AVGO Broadcom Inc. - Common Stock $9,341,032 0.89% 24,728 $1,569,482 Down ×3
GOVT iShares Trust $8,185,908 0.78% 359,346 $-198,663 Down ×1
GE GE Aerospace Common Stock $8,107,124 0.78% 21,692 $1,968,585 Up ×2
XOM Exxon Mobil Corporation Common Stock $7,700,277 0.74% 56,322 $-2,669,998 Down ×3
VTI Vanguard Morningstar Total Stock Market ETF $7,304,166 0.70% 19,739 $689,033 Down ×2
MU Micron Technology, Inc. - Common Stock $7,247,644 0.69% 6,279 $5,360,898 Up ×3
V Visa Inc. $6,692,299 0.64% 19,506 $711,293 Down ×1
IAU iShares Gold Trust Shares $6,615,884 0.63% 87,616
QQQ Invesco QQQ Trust, Series 1 $6,564,200 0.63% 8,914 $940,611 Down ×1
MUNI PIMCO ETF Trust $6,518,455 0.62% 123,925 $148,926 Up ×2
FAST Fastenal Company - Common Stock $6,494,428 0.62% 135,216 $74,484 Down ×2
MINO PIMCO ETF Trust $6,448,212 0.62% 140,914 Up ×1
SCHX SCHWAB STRATEGIC TRUST $6,373,743 0.61% 216,573 $724,200 Down ×1
LRCX Lam Research Corporation - Common Stock $6,359,270 0.61% 14,675 $2,919,156 Down ×3
GEV GE Vernova Inc. Common Stock $6,199,121 0.59% 5,276 $1,595,967 Up ×2
JPM JP Morgan Chase & Co. Common Stock $5,794,042 0.55% 17,701 $100,341 Down ×2
EPD Enterprise Products Partners L.P. Common Stock $5,520,764 0.53% 150,184
CAT Caterpillar, Inc. Common Stock $5,475,959 0.52% 5,142 $1,816,701 Down ×3
CTVA Corteva, Inc. Common Stock $5,121,797 0.49% 60,477 $35,494 Down ×1
AMAT Applied Materials, Inc. - Common Stock $5,022,751 0.48% 6,947 $2,405,470 Down ×2
CORP PIMCO ETF Trust $4,868,159 0.47% 50,239 $34,645 Up ×1
KMX CarMax Inc $4,572,552 0.44% 86,454 $970,269 Down ×1
TPL Texas Pacific Land Corporation Common Stock $4,141,171 0.40% 9,463
ABBV AbbVie Inc. Common Stock $3,959,490 0.38% 15,735 $-91,766 Down ×1
RAUS RACWI US ETF $3,955,862 0.38% 134,958 $2,914,130 Up ×1
VGLT Vanguard Long-Term Treasury ETF $3,933,607 0.38% 71,287 $-297,753 Down ×1
IJR iShares Trust $3,856,956 0.37% 26,006 $741,295 Up ×2
AVUV AMERICAN CENTURY ETF TRUST $3,813,928 0.36% 30,570 Up ×1
APH Amphenol Corporation Common Stock $3,740,629 0.36% 21,215 $894,216 Down ×6
LLY Eli Lilly and Company Common Stock $3,729,028 0.36% 3,109 $730,578 Down ×3
CSHI NEOS ETF Trust $3,582,712 0.34% 71,928 $1,328,325 Up ×1
DFAC Dimensional ETF Trust $3,544,497 0.34% 79,903 $439,466
Q Qnity Electronics, Inc. Common Stock $3,360,267 0.32% 20,576 $997,169 Up ×1
FNDF SCHWAB STRATEGIC TRUST $3,301,506 0.32% 62,576 $73,008 Down ×2
HD Home Depot, Inc. (The) Common Stock $3,251,189 0.31% 9,219 $19,347 Down ×1
SCHM SCHWAB STRATEGIC TRUST $3,218,788 0.31% 87,301 $503,410 Down ×2
KLAC KLA Corporation - Common Stock $3,188,192 0.30% 10,567 $1,504,997 Up ×1
MLM Martin Marietta Materials, Inc. Common Stock $3,066,314 0.29% 5,317 $-71,939 Down ×3
SGOL abrdn Physical Gold Shares ETF $2,925,818 0.28% 76,532
DOW Dow Inc. Common Stock $2,700,087 0.26% 98,687 $-1,438,823 Down ×1
SYK Stryker Corporation Common Stock $2,607,505 0.25% 8,282 $-513,443 Down ×1
ASML ASML Holding N.V. - New York Registry Shares $2,489,833 0.24% 1,252 $863,891 Up ×2
SCHF SCHWAB STRATEGIC TRUST $2,438,650 0.23% 88,038 $231,076 Down ×2
MS Morgan Stanley Common Stock $2,341,457 0.22% 11,201 $-1,147,921 Down ×2
TSLA Tesla, Inc. - Common Stock $2,200,621 0.21% 5,232 $284,073 Up ×2
CVX Chevron Corporation Common Stock $2,168,175 0.21% 13,080 $-666,541 Down ×1
DHI D.R. Horton, Inc. Common Stock $2,103,758 0.20% 12,916 $174,033 Down ×6
NTAP NetApp, Inc. - Common Stock $2,102,260 0.20% 13,584 $623,441 Down ×3
IWD iShares Russell 1000 Value ETF $2,081,504 0.20% 8,586 $117,449 Down ×1
XLE SELECT SECTOR SPDR TRUST $2,050,099 0.20% 38,601 $-314,598
ET Energy Transfer LP Common Units $2,028,935 0.19% 106,116
APO Apollo Global Management, Inc. (New) Common Stock $2,023,396 0.19% 17,102
DFAT Dimensional ETF Trust $1,975,164 0.19% 28,257 $210,514
NEE NextEra Energy, Inc. Common Stock $1,962,932 0.19% 22,365 $-140,907 Down ×2
SPGI S&P Global Inc. Common Stock $1,956,070 0.19% 4,803 $-190,621 Down ×2
ANET Arista Networks, Inc. Common Stock $1,951,083 0.19% 11,485 $502,647 Down ×1
VIOO Vanguard S&P Small-Cap 600 ETF $1,929,356 0.18% 14,028 $308,692 Down ×2
Unknown issuer (CUSIP: 26614N201) $1,852,707 0.18% 13,659 Up ×1
BX Blackstone Inc. Common Stock $1,849,898 0.18% 15,721
KR Kroger Company (The) Common Stock $1,849,371 0.18% 33,304 $-706,312 Down ×2
IVV iShares Trust $1,767,004 0.17% 2,360 $-1,167,540 Down ×1
SCHG SCHWAB STRATEGIC TRUST $1,748,721 0.17% 51,676 $240,939 Down ×1
IWB iShares Russell 1000 ETF $1,727,681 0.17% 4,219 $216,072 Down ×1
JNJ Johnson & Johnson Common Stock $1,706,382 0.16% 6,719 $-36,016 Down ×2
SPDW State Street SPDR Portfolio Developed World ex-US ETF $1,704,203 0.16% 33,820 $121,655 Down ×2
ADBE Adobe Inc. - Common Stock $1,683,447 0.16% 8,211 $195,765 Up ×1
PAYX Paychex, Inc. - Common Stock $1,673,478 0.16% 17,019 $129,915 Up ×1
TXN Texas Instruments Incorporated - Common Stock $1,595,569 0.15% 5,353 $558,667 Up ×1
IWF iShares Russell 1000 Growth Fund $1,565,535 0.15% 12,608 $183,146 Up ×1
SCHV SCHWAB STRATEGIC TRUST $1,498,077 0.14% 43,036 $161,221 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $1,497,700 0.14% 2 $61,420
LMT Lockheed Martin Corporation Common Stock $1,381,146 0.13% 2,711 $-660,675 Down ×1
UBER Uber Technologies, Inc. Common Stock $1,351,485 0.13% 18,729 $1,143,967 Up ×1
MSI Motorola Solutions, Inc. Common Stock $1,350,938 0.13% 3,253 $-236,958 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
MU $7,247,644 0.69% up ×3
USPH $1,103,756 0.11% up ×3
PANW $1,067,191 0.10% up ×3
ITOT $998,713 0.10% up ×3
TLT $924,461 0.09% up ×3
NBHC $583,988 0.06% up ×3
USIG $291,365 0.03% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
GOOGL $32,774,341 92,303 3.13%
IAU $6,615,884 87,616 0.63%
MINO $6,448,212 140,914 0.62%
EPD $5,520,764 150,184 0.53%
TPL $4,141,171 9,463 0.40%
AVUV $3,813,928 30,570 0.36%
SGOL $2,925,818 76,532 0.28%
ET $2,028,935 106,116 0.19%
APO $2,023,396 17,102 0.19%
Unknown issuer (CUSIP: 26614N201) $1,852,707 13,659 0.18%
BX $1,849,898 15,721 0.18%
BXMT $1,067,797 62,997 0.10%
FNDA $892,651 23,454 0.09%
PHYS $876,408 29,049 0.08%
INSW $854,285 11,154 0.08%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LII Trimmed -5K +$15.4M
AAPL Bought more +759 +$10.9M
FNDX Bought more +67K +$8.8M
AVEM Bought more +47K +$6.2M
MU Bought more +694 +$5.4M
AVDE Bought more +50K +$4.8M
NVDA Bought more +6K +$4.6M
AVDS Bought more +41K +$4.4M
VEA Bought more +30K +$4.2M
AMZN Trimmed -2K +$3.5M

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
VB Sept. 30, 2025 67,103 $15,902,175
JMBS Sept. 30, 2025 269,270 $12,130,607
JAAA March 31, 2026 181,385 $9,174,444
GOVT Dec. 31, 2025 365,418 $8,448,458
IAU March 31, 2026 101,817 $8,264,486 -11.1%
MUNI Sept. 30, 2025 141,748 $7,280,177
CORP Sept. 30, 2025 73,494 $7,151,701
GOOG June 30, 2025 38,822 $6,065,093 94.3%
SCHX Sept. 30, 2025 242,746 $5,932,711 15.3%
KMX Dec. 31, 2025 123,742 $5,552,303 43.1%
EPD March 31, 2026 150,001 $4,809,018 -1.5%
GOOGL June 30, 2025 29,749 $4,600,386 97.3%
VOO June 30, 2025 8,467 $4,351,243 26.1%
MKL June 30, 2025 2,185 $4,085,098 -13.0%
VTI Sept. 30, 2025 13,168 $4,002,195 16.6%
NUV Sept. 30, 2025 412,922 $3,588,292 -8.2%
FNDX Sept. 30, 2025 142,741 $3,502,865 21.6%
SGOL March 31, 2026 83,816 $3,443,161 -11.1%
ACN June 30, 2025 9,738 $3,038,646 -35.3%
TPL March 31, 2026 10,024 $2,878,950 -25.2%
SCHM Sept. 30, 2025 97,978 $2,748,283 16.5%
FNDF Sept. 30, 2025 66,834 $2,674,708
JEPI June 30, 2026 44,983 $2,549,620
BX June 30, 2025 15,638 $2,185,821 -24.2%
APO June 30, 2025 15,311 $2,096,691 -18.3%
DD June 30, 2026 40,990 $1,877,342 -1.7%
QQQ Sept. 30, 2025 3,390 $1,870,120 24.0%
ET March 31, 2026 106,640 $1,758,494 No longer tracked
CBRE June 30, 2025 13,267 $1,735,058 -6.8%
IBIT March 31, 2026 34,890 $1,732,289
VIOO Sept. 30, 2025 17,049 $1,725,879 16.9%
FISV June 30, 2025 7,633 $1,685,629 -73.6%
SCHV Sept. 30, 2025 57,401 $1,588,285 16.1%
TSCO June 30, 2026 34,964 $1,583,869 2.2%
SCHG Sept. 30, 2025 52,689 $1,539,059 13.6%
SPDW Sept. 30, 2025 37,528 $1,519,522
VMBS Sept. 30, 2025 31,382 $1,454,259
FNDA March 31, 2026 43,832 $1,381,146 9.6%
FNDA Sept. 30, 2025 41,982 $1,202,788 14.0%
HON June 30, 2026 4,729 $1,068,866 -4.9%
VV Sept. 30, 2025 3,729 $1,063,884
IWO Sept. 30, 2025 3,658 $1,045,676
PHYS March 31, 2026 30,659 $1,012,360
SCHZ Sept. 30, 2025 43,401 $1,008,651 -5.2%
FNDC Sept. 30, 2025 21,835 $918,145
ACVA Dec. 31, 2025 92,270 $914,396 30.2%
TM Dec. 31, 2025 4,731 $904,046 -13.3%
TOTL March 31, 2026 21,439 $862,920
PAAS March 31, 2026 15,980 $827,924 -15.9%
BKNG June 30, 2025 173 $796,995 -97.3%
DFAX March 31, 2026 24,314 $795,807
VCIT June 30, 2025 9,643 $788,412
VO Sept. 30, 2025 2,747 $768,599 10.3%
VSS March 31, 2026 5,343 $765,812
VSS Sept. 30, 2025 5,343 $718,046
VBTX Dec. 31, 2025 20,133 $675,059 No longer tracked
T Dec. 31, 2025 23,785 $671,688 -1.7%
IGSB June 30, 2026 11,912 $626,095
VXUS June 30, 2025 10,029 $622,824
SBUX Dec. 31, 2025 7,325 $619,718 14.1%
GILD Dec. 31, 2025 5,565 $617,683 17.5%
BXMT March 31, 2026 30,847 $590,101 -41.3%
BMY Dec. 31, 2025 12,530 $565,105 10.5%
SPMB March 31, 2026 24,680 $553,202
VZ Dec. 31, 2025 11,502 $505,510 12.9%
PFF June 30, 2025 15,751 $484,028
MMM March 31, 2026 2,958 $473,590 12.7%
SLB June 30, 2026 9,140 $469,705 7.6%
IWP Dec. 31, 2025 3,180 $452,864 4.7%
MPLX March 31, 2026 8,420 $449,379 1.2%
SPHQ Sept. 30, 2025 6,278 $447,370
VNQ Sept. 30, 2025 4,971 $442,717
IYW June 30, 2026 2,420 $439,036 8.1%
CB June 30, 2025 1,439 $434,564 15.4%
LIN June 30, 2025 921 $428,854 4.4%
MDY June 30, 2026 689 $424,948
EQIX June 30, 2025 505 $411,752 31.7%
SUB Sept. 30, 2025 3,816 $405,793
BLK June 30, 2025 424 $401,308 2.9%
SLV March 31, 2026 6,215 $400,370 -18.6%
MDT Dec. 31, 2025 4,106 $391,046 -9.3%
PLD March 31, 2026 3,005 $383,669 -2.6%
ALLY Dec. 31, 2025 9,694 $380,005 -16.9%
GLD March 31, 2026 948 $375,702
YUM March 31, 2026 2,403 $363,532 -10.1%
PPA Sept. 30, 2025 2,549 $361,168
HMC Sept. 30, 2025 12,359 $356,310 3.3%
WPC March 31, 2026 5,528 $355,782 -5.8%
VGT Sept. 30, 2025 519 $344,356 39.1%
SBAC Dec. 31, 2025 1,753 $338,943 -12.3%
COWZ March 31, 2026 5,578 $335,628
DOV June 30, 2026 1,610 $335,605 -14.4%
VWO Sept. 30, 2025 6,768 $334,751 11.9%
VTR March 31, 2026 4,324 $334,591 0.1%
OUST Sept. 30, 2025 13,773 $333,995 66.0%
L March 31, 2026 3,156 $332,361 -0.3%
JMUB March 31, 2026 6,523 $329,416
PWR Sept. 30, 2025 863 $326,283 73.6%
INTU June 30, 2026 748 $323,420 11.0%
ALKT March 31, 2026 13,538 $312,322 -10.0%
PDP Sept. 30, 2025 2,874 $312,088
OXY June 30, 2025 6,272 $309,586 38.8%
VTEB June 30, 2025 6,112 $303,295
DGRO March 31, 2026 4,322 $300,033
ELV Sept. 30, 2025 765 $297,613 23.8%
VCIT June 30, 2026 3,572 $295,583
EMXC June 30, 2025 5,342 $294,291
FANG Dec. 31, 2025 2,045 $292,637 23.0%
CPT March 31, 2026 2,646 $291,272 0.0%
CVS Dec. 31, 2025 3,819 $287,945 8.9%
CCL March 31, 2026 9,400 $287,066 2.7%
OKE March 31, 2026 3,875 $284,813 -1.3%
VYM Sept. 30, 2025 2,129 $283,768
MOAT Sept. 30, 2025 2,994 $280,807
NVO March 31, 2026 5,305 $269,918 2.1%
APTV June 30, 2025 4,493 $267,334 -34.4%
HES June 30, 2025 1,625 $259,561 No longer tracked
USTB Dec. 31, 2025 5,074 $258,704
AWK June 30, 2025 1,734 $255,800 -8.0%
VTV Sept. 30, 2025 1,441 $254,682
AVB March 31, 2026 1,384 $250,933 No longer tracked
BTC March 31, 2026 6,470 $250,583 26.2%
GLD June 30, 2025 866 $249,529
AMT June 30, 2025 1,145 $249,152 -25.4%
VIG Sept. 30, 2025 1,207 $247,097
AJG March 31, 2026 951 $246,113 6.1%
DE June 30, 2026 435 $245,036 7.6%
AWK Dec. 31, 2025 1,747 $243,165 -1.9%
VEA Sept. 30, 2025 4,198 $239,350
GGG March 31, 2026 2,917 $239,106 -6.8%
KMI Dec. 31, 2025 8,432 $238,706 17.0%
VUG Sept. 30, 2025 544 $238,490 15.9%
CMI June 30, 2026 438 $235,653 -24.9%
MPC June 30, 2026 942 $230,046 69.1%
FSLR March 31, 2026 879 $229,621 -8.9%
DHR June 30, 2026 1,199 $227,330 13.2%
DE Dec. 31, 2025 493 $225,438 46.7%
IJH June 30, 2025 3,825 $223,189 17.7%
UBER Dec. 31, 2025 2,275 $222,882 -15.5%
T June 30, 2026 7,624 $221,020 18.0%
WELL March 31, 2026 1,187 $220,319 14.2%
PSA March 31, 2026 845 $219,328 5.5%
ROP March 31, 2026 488 $217,223 2.4%
DLR March 31, 2026 1,391 $215,202 2.5%
REXR Dec. 31, 2025 5,203 $213,895 -5.0%
ANET June 30, 2025 2,725 $211,117 110.5%
EEFT Sept. 30, 2025 2,075 $210,364 -27.6%
CCI June 30, 2025 2,006 $209,085 -33.5%
POOL Dec. 31, 2025 671 $208,057 -30.8%
ECL June 30, 2025 816 $206,872 4.2%
BABA June 30, 2026 1,648 $206,752 13.8%
DHR June 30, 2025 1,006 $206,230 9.1%
SUI March 31, 2026 1,652 $204,699 -11.0%
EOG June 30, 2025 1,588 $203,645 20.6%
SCHF Sept. 30, 2025 9,200 $203,315 19.9%
ARCC June 30, 2025 9,143 $202,609 -15.1%
POOL June 30, 2025 635 $202,152 -45.7%
OGN Dec. 31, 2025 14,772 $157,766 91.6%
ERIC Dec. 31, 2025 11,633 $96,208 -2.3%
BBD Sept. 30, 2025 22,267 $68,805 33.4%
NAK March 31, 2026 22,750 $44,818 No longer tracked
CHMI Dec. 31, 2025 10,100 $24,139 2.7%