Sector breakdown

04
Technology 9.0%
Financials 2.9%
Healthcare 2.6%
Industrials 2.1%
Retail 1.5%
Communication Services 1.4%
Consumer Discretionary 0.8%
Energy 0.3%
Consumer Staples 0.3%
Consumer products 0.2%
Utilities 0.2%
Materials 0.1%
Real Estate 0.1%
Other/Unmapped 78.5%

Full portfolio 283 positions

05
Type Streak 8Q trend
IXUS iShares Core MSCI Total International Stock ETF $82,281,416 7.10% 862,127 $-6,264,931 Down ×1
EMXC iShares MSCI Emerging Markets ex China ETF $50,247,122 4.34% 491,174 $3,405,022 Down ×1
SOXX iShares Trust $43,385,087 3.74% 67,709 $21,247,531 Up ×4
IEUR iShares Core MSCI Europe ETF $40,690,803 3.51% 541,317 $2,214,482 Down ×1
EWJ iShares MSCI Japan Index Fund $36,669,295 3.16% 393,152 $33,160,156 Up ×1
RSP Invesco Exchange-Traded Fund Trust $36,180,348 3.12% 170,044 $-2,433,042 Down ×6
IBTJ iShares iBonds Dec 2029 Term Treasury ETF $36,154,841 3.12% 1,669,970 $-3,649,183 Down ×3
SMIZ Zacks Trust $34,665,441 2.99% 776,904 $9,771,670 Up ×2
IBIG iShares iBonds Oct 2030 Term TIPS ETF $34,352,332 2.96% 1,308,162 $-2,218,021 Down ×2
IBTL iShares iBonds Dec 2031 Term Treasury ETF $34,094,392 2.94% 1,688,677 $-3,894,166 Down ×2
IBIE iShares iBonds Oct 2028 Term TIPS ETF $33,878,590 2.92% 1,288,159 $-4,964,026 Down ×2
ITOT iShares Trust $31,153,446 2.69% 189,648 $-684,429 Down ×6
FDL First Trust Morningstar ETF $30,530,683 2.63% 627,429 $-6,970,969 Down ×6
IAU iShares Gold Trust Shares $29,392,675 2.54% 389,255 $11,262,019 Up ×3
AMLP ALPS ETF Trust $28,804,912 2.49% 555,543 $8,643,237 Up ×6
AAPL Apple Inc. - Common Stock $28,012,421 2.42% 96,808 $2,749,983 Down ×6
AIRR First Trust RBA American Industrial Renaissance ETF $25,218,928 2.18% 189,260 $23,953,631 Up ×1
IWM iShares Russell 2000 Index Fund $24,405,377 2.11% 81,229 $7,129,734 Up ×2
CLOI VanEck ETF Trust $24,270,281 2.09% 458,362 $1,409,322 Up ×3
SPHB Invesco S&P 500 High Beta ETF $19,128,931 1.65% 122,944 $18,237,169 Up ×1
VGT Vanguard Information Tech ETF $16,692,779 1.44% 139,665 $4,559,093 Up ×1
MU Micron Technology, Inc. - Common Stock $16,683,712 1.44% 14,454 $11,579,900 Down ×4
SCHD SCHWAB STRATEGIC TRUST $15,018,829 1.30% 473,631 $839,616 Up ×2
NVDA NVIDIA Corporation - Common Stock $14,481,672 1.25% 72,376 $170,503 Down ×1
MSFT Microsoft Corporation - Common Stock $12,263,279 1.06% 32,876 $531,842 Up ×1
AMZN Amazon.com, Inc. - Common Stock $10,140,719 0.88% 42,547 $613,752 Down ×1
Unknown issuer (CUSIP: 77926X320) $9,736,413 0.84% 131,840 Up ×1
ZECP Zacks Trust $8,827,401 0.76% 233,900 $1,005,719 Up ×1
AOR iShares Trust $8,521,379 0.74% 122,610 $583,114 Down ×2
VOO Vanguard S&P 500 ETF $8,437,516 0.73% 12,285 $770,054 Down ×1
LLY Eli Lilly and Company Common Stock $8,082,463 0.70% 6,739 $1,737,439 Down ×3
JPM JP Morgan Chase & Co. Common Stock $7,072,385 0.61% 21,606 $475,769 Down ×1
JNJ Johnson & Johnson Common Stock $6,807,395 0.59% 26,804 $-350,970 Down ×3
CWB SPDR SERIES TRUST $6,610,163 0.57% 61,307 $4,526,243 Up ×1
ABBV AbbVie Inc. Common Stock $6,237,323 0.54% 24,787 $342,628 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $6,002,514 0.52% 11,996 $138,701 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $5,962,141 0.51% 16,683 $526,282 Down ×2
NVDL GraniteShares 2x Long NVDA Daily ETF $5,732,678 0.49% 192,307 $955,553 Up ×1
IEFA iShares Core MSCI EAFE ETF $5,410,370 0.47% 56,020 $-296,226 Down ×1
GLD SPDR Gold Shares $5,263,749 0.45% 14,289 $-783,577 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $5,253,522 0.45% 5,194 $366,542 Down ×2
COST Costco Wholesale Corporation - Common Stock $5,203,513 0.45% 5,562 $-57,252 Up ×2
IBTH iShares iBonds Dec 2027 Term Treasury ETF $4,967,298 0.43% 222,052 $-32,670,780 Down ×4
TECL Direxion Daily Technology Bull 3X ETF $4,863,754 0.42% 21,077 $3,148,778 Up ×3
AGG iShares Trust $4,695,726 0.41% 47,441 $247,828 Up ×1
USB U.S. Bancorp Common Stock $4,644,991 0.40% 76,904 $649,616 Up ×1
QUIZ Zacks Quality International ETF $4,620,174 0.40% 158,125 $404,702 Up ×2
BROS Dutch Bros Inc. Class A Common Stock $4,303,298 0.37% 59,926 $1,254,115 Down ×1
URI United Rentals, Inc. Common Stock $4,228,565 0.36% 3,733 $1,046,833 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $4,135,686 0.36% 13,883 $3,661,507 Up ×3
EMR Emerson Electric Company Common Stock $4,108,795 0.35% 28,703 $184,082 Down ×1
IWD iShares Russell 1000 Value ETF $3,871,181 0.33% 15,968 $318,616 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $3,762,220 0.32% 6,476 $3,312,336 Up ×1
MMM 3M Company Common Stock $3,669,065 0.32% 22,661 $151,226 Down ×2
IJH iShares Trust $3,652,146 0.32% 47,363 $346,217 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $3,524,590 0.30% 9,975 $378,552 Down ×3
MRK Merck & Company, Inc. Common Stock (new) $3,473,181 0.30% 27,029 $57,288 Down ×1
IVV iShares Trust $3,465,746 0.30% 4,628 $412,256 Down ×1
SNTH MRP SynthEquity ETF $3,182,063 0.27% 107,032 $124,392 Down ×1
WDC Western Digital Corporation - Common Stock $2,944,356 0.25% 4,610 $2,180,854 Up ×1
CVX Chevron Corporation Common Stock $2,744,578 0.24% 16,558 $-4,063,481 Down ×2
IVE iShares Trust $2,591,061 0.22% 11,411 $140,783 Down ×3
JAAA Janus Henderson AAA CLO ETF $2,585,671 0.22% 51,212 $106,076 Up ×4
GRNY Fundstrat Granny Shots US Large Cap ETF $2,565,681 0.22% 92,791 $401,285 Up ×5
INTC Intel Corporation - Common Stock $2,542,234 0.22% 18,207 $2,148,027 Up ×1
VZ Verizon Communications Inc. Common Stock $2,533,009 0.22% 59,825 $-442,646 Up ×6
ALK Alaska Air Group, Inc. Common Stock $2,503,740 0.22% 47,964 $783,447 Up ×3
TSLA Tesla, Inc. - Common Stock $2,503,738 0.22% 5,953 $174,755 Down ×2
AOM iShares Trust $2,471,254 0.21% 49,534 $125,918 Up ×1
SMOT VanEck ETF Trust $2,462,752 0.21% 63,375 $308,773 Up ×2
LRCX Lam Research Corporation - Common Stock $2,452,493 0.21% 5,660 $450,133 Down ×1
FNGU MicroSectors FANG+ 3X Leveraged ETNs $2,347,899 0.20% 91,322 $857,798 Down ×1
SDCI USCF ETF Trust $2,342,072 0.20% 88,581 $63,810 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $2,245,982 0.19% 6,586 $1,188,179 Down ×5
IJR iShares Trust $2,226,857 0.19% 15,015 $224,489 Down ×5
ROBO EXCHANGE TRADED CONCEPTS TRUST $2,225,119 0.19% 25,976 $413,164 Down ×1
HEFA iShares Currency Hedged MSCI EAFE ETF $2,202,491 0.19% 46,936 $-284,844 Down ×1
FTNT Fortinet, Inc. - Common Stock $2,143,747 0.18% 13,955 $946,560 Down ×6
VMBS Vanguard Mortgage-Backed Securities ETF $2,132,122 0.18% 45,548 $179,668 Up ×1
CAT Caterpillar, Inc. Common Stock $2,123,839 0.18% 1,994 $636,458 Down ×4
QQQ Invesco QQQ Trust, Series 1 $2,076,064 0.18% 2,819 $395,123 Down ×2
EEM iShares, Inc. $2,068,635 0.18% 30,239 $-908,894 Down ×1
AGZ iShares Trust $1,995,208 0.17% 18,258 $-50,850 Down ×6
VXUS Vanguard Total International Stock ETF $1,965,614 0.17% 22,992 $192,322 Down ×1
XLK SELECT SECTOR SPDR TRUST $1,913,723 0.17% 10,045
AAPU Direxion Daily AAPL Bull 2X Shares $1,893,167 0.16% 54,292 $365,958 Down ×2
IBM International Business Machines Corporation Common Stock $1,882,451 0.16% 6,694 $257,583 Down ×3
IEMG iShares, Inc. $1,837,386 0.16% 22,180 $-743,071 Down ×1
SDY SPDR SERIES TRUST $1,836,034 0.16% 12,065 $-20,661 Down ×3
AMZU Direxion Daily AMZN Bull 2X Shares $1,799,555 0.16% 54,171 $342,697 Down ×1
WFC Wells Fargo & Company Common Stock $1,792,282 0.15% 21,688 $58,549 Down ×1
GCOW Pacer Global Cash Cows Dividend ETF $1,784,987 0.15% 41,224 $13,336 Up ×2
VBR Vanguard Morningstar Small-Cap Value ETF $1,758,088 0.15% 7,235 $399,357 Up ×2
VTV Vanguard Morningstar Value ETF $1,742,922 0.15% 7,998 $147,274 Down ×1
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $1,728,930 0.15% 51,672 $59,538 Up ×1
ICOW Pacer Developed Markets International Cash Cows 100 ETF $1,715,640 0.15% 41,212 $43,451 Up ×2
MS Morgan Stanley Common Stock $1,704,809 0.15% 8,155 $363,823 Up ×1
GGLL Direxion Daily GOOGL Bull 2X Shares $1,664,600 0.14% 14,640 $521,508 Down ×1
VGSH Vanguard Short-Term Treasury ETF $1,646,172 0.14% 28,285 $47,671 Up ×3
AMAT Applied Materials, Inc. - Common Stock $1,632,988 0.14% 2,259 $-139,015 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
SOXX $43,385,087 3.74% up ×4
IAU $29,392,675 2.54% up ×3
AMLP $28,804,912 2.49% up ×6
CLOI $24,270,281 2.09% up ×3
TECL $4,863,754 0.42% up ×3
MRVL $4,135,686 0.36% up ×3
JAAA $2,585,671 0.22% up ×4
GRNY $2,565,681 0.22% up ×5
VZ $2,533,009 0.22% up ×6
ALK $2,503,740 0.22% up ×3
VGSH $1,646,172 0.14% up ×3
FEZ $1,408,916 0.12% up ×3
VUG $1,263,086 0.11% up ×3
PM $1,132,316 0.10% up ×3
IUSV $732,510 0.06% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 77926X320) $9,736,413 131,840 0.84%
XLK $1,913,723 10,045 0.17%
Unknown issuer (CUSIP: 84615Q103) $1,213,738 7,104 0.10%
MUU $1,103,599 1,052 0.10%
ARM $995,729 2,808 0.09%
STX $798,466 827 0.07%
SNDK $722,992 318 0.06%
MKC $351,878 6,979 0.03%
SMTC $323,700 2,000 0.03%
HPE $295,946 6,561 0.03%
WU $289,127 37,549 0.02%
GOVT $263,936 11,586 0.02%
AIBU $246,705 3,889 0.02%
TSLR $229,470 9,428 0.02%
PSA $226,643 712 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SOXX Bought more +352 +$21.2M
MU Trimmed -653 +$11.6M
IAU Bought more +184K +$11.3M
SMIZ Bought more +105K +$9.8M
AMLP Bought more +173K +$8.6M
IWM Bought more +12K +$7.1M
FDL Trimmed -111K -$7.0M
IXUS Trimmed -160K -$6.3M
IBIE Trimmed -192K -$5.0M
VGT Bought more +122K +$4.6M

6 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
VXX Dec. 31, 2025 622,927 $20,656,259 -35.0%
ULST June 30, 2025 424,540 $17,257,541
XOM June 30, 2026 40,336 $6,843,532 20.0%
SPAB March 31, 2026 173,294 $4,462,330 -5.3%
IYW March 31, 2026 17,554 $3,505,252 49.7%
SPDW Dec. 31, 2025 74,806 $3,200,954
SPY June 30, 2025 5,342 $2,988,166 No longer tracked
XLU Sept. 30, 2025 36,333 $2,966,945 No longer tracked
SKYY June 30, 2025 27,273 $2,788,111
ULST Dec. 31, 2025 68,411 $2,783,644
ARKF March 31, 2026 54,429 $2,592,477
XMMO Sept. 30, 2025 18,571 $2,388,851
SYZ March 31, 2026 68,827 $1,740,394
SPEM March 31, 2026 34,998 $1,638,236 12.6%
QQQM March 31, 2026 6,292 $1,591,315
ULST June 30, 2026 34,406 $1,393,476
FNGA June 30, 2025 3,799 $1,367,781 No longer tracked
COWZ June 30, 2025 21,158 $1,158,599
ONEQ March 31, 2026 10,251 $936,921
RPG Sept. 30, 2025 15,303 $700,420 23.2%
BKR June 30, 2026 8,928 $545,112 3.4%
QQQM June 30, 2025 2,669 $515,253
HON June 30, 2026 2,238 $506,035 -4.4%
MBB June 30, 2025 4,886 $458,165
SMR Dec. 31, 2025 12,615 $454,148 -45.8%
BBAI Sept. 30, 2025 62,406 $423,738 -60.0%
BTCL Dec. 31, 2025 7,181 $403,506
XLK March 31, 2026 2,543 $366,178 51.2%
DYNF June 30, 2025 7,487 $365,070
MOAT March 31, 2026 3,404 $352,504
MUB March 31, 2026 2,803 $300,229
IEI Sept. 30, 2025 2,517 $299,785
MSTR Dec. 31, 2025 894 $288,366 8.2%
IVLU June 30, 2025 9,239 $280,048
OKLO Dec. 31, 2025 2,445 $273,046 -49.9%
MTUM March 31, 2026 1,039 $259,947
TSLR March 31, 2026 8,098 $259,291
ESS June 30, 2025 809 $248,015 -4.0%
RBLX March 31, 2026 3,035 $245,891 -21.2%
VGK June 30, 2026 2,978 $245,494
FBTC Dec. 31, 2025 2,456 $245,169
BINC June 30, 2025 4,679 $245,078
IJS Dec. 31, 2025 2,212 $244,693 15.1%
STGW June 30, 2026 38,694 $243,385 14.8%
EIX June 30, 2025 4,113 $242,338 5.1%
COP June 30, 2026 1,765 $233,098 23.5%
SHOP March 31, 2026 1,416 $227,956 35.0%
EFG Dec. 31, 2025 1,990 $226,668
ARKB March 31, 2026 7,800 $226,512 26.3%
PSA March 31, 2026 870 $225,765 4.0%
BTC March 31, 2026 5,761 $223,104 26.4%
TLH June 30, 2025 2,143 $222,289
WM June 30, 2025 955 $221,125 -9.7%
SMTC March 31, 2026 3,000 $221,070 150.8%
FISV Dec. 31, 2025 1,676 $216,130 -31.3%
DIV Sept. 30, 2025 12,175 $214,039
RDVY March 31, 2026 3,065 $212,958
IVLU June 30, 2026 5,315 $210,937
CRDO March 31, 2026 1,459 $209,936 126.4%
TMO March 31, 2026 360 $208,395 37.7%
VV March 31, 2026 657 $206,824
PAYX March 31, 2026 1,829 $205,177 8.3%
NVO March 31, 2026 4,017 $204,378 2.1%
MOS June 30, 2026 8,000 $204,000 0.5%
UPS June 30, 2025 1,850 $203,505 -7.7%
PGR March 31, 2026 892 $203,126 7.3%
WM March 31, 2026 924 $203,049 -10.1%
MDLZ Dec. 31, 2025 3,247 $202,840 8.7%
EPD June 30, 2026 5,359 $202,812 0.1%
CMCSA March 31, 2026 6,773 $202,438 -24.9%
NVDU March 31, 2026 1,716 $201,992
KVUE Dec. 31, 2025 10,560 $171,399 0.8%
AMPL June 30, 2026 23,557 $160,659 94.5%
CRMG June 30, 2026 15,100 $95,130
QUBT June 30, 2025 11,680 $93,440 -58.6%
SNAP June 30, 2026 14,309 $65,824 26.4%