Sector breakdown

04
Materials 6.5%
Financials 5.1%
Communication Services 4.2%
Technology 4.2%
Retail 4.0%
Consumer Discretionary 0.3%
Consumer products 0.2%
Healthcare 0.1%
Energy 0.1%
Industrials 0.0%
Other/Unmapped 75.5%

Full portfolio 121 positions

05
Type Streak 8Q trend
VTI Vanguard Morningstar Total Stock Market ETF $156,283,279 25.48% 209,279 $24,631,701 Up ×2
EWZ iShares, Inc. $89,791,046 14.64% 2,602,639 $89,358,276 Up ×1
RSX VanEck ETF Trust $45,685,228 7.45% 66,518
VTWO Vanguard Russell 2000 ETF $44,700,703 7.29% 121,344 $-5,338,582 Up ×1
VALE VALE S.A. American Depositary Shares Each Representing one common share $38,280,680 6.24% 2,545,258 $-4,340,237 Down ×2
SPXU (filed as SPXUXXXX) ProShares UltraPro Short S&P500 $37,906,190 6.18% 51,475 $18,048,312 Up ×1
IEMG iShares, Inc. $36,353,174 5.93% 438,836 $35,872,527 Up ×1
ISHG iShares 1-3 Year International Treasury Bond ETF $35,408,331 5.77% 476,912 $1,211,269 Up ×1
AMZN Amazon.com, Inc. - Common Stock $24,220,349 3.95% 101,621 $-392,375 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $23,863,202 3.89% 67,538 $2,290,756 Down ×1
MSFT Microsoft Corporation - Common Stock $22,530,035 3.67% 60,399 $1,325,217 Up ×2
XYZ Block, Inc. Class A Common Stock, $10,630,165 1.73% 67,721
BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) $9,713,857 1.58% 528,547 $-958,873
PAGS PagSeguro Digital Ltd. Class A Common Shares $5,212,149 0.85% 351,223 $2,987,329 Up ×1
IBIT iShares Bitcoin Trust ETF $4,034,482 0.66% 121,192 $-621,715
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $2,995,400 0.49% 4 $122,840
URNM Sprott Uranium Miners ETF $2,494,501 0.41% 47,433 $-500,893
BIL SPDR SERIES TRUST $2,130,263 0.35% 23,246 $0
GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying $2,080,548 0.34% 41,586 $138,066
AAPL Apple Inc. - Common Stock $2,015,971 0.33% 6,967 $247,816
CROX Crocs, Inc. - Common Stock $1,634,160 0.27% 174,032 $204,866 Up ×1
DIS Walt Disney Company (The) Common Stock $1,363,766 0.22% 14,169 $-1,842
XOP SPDR SERIES TRUST $1,209,172 0.20% 5,683 $310,411 Up ×1
SW Smurfit WestRock plc Ordinary Shares $1,207,722 0.20% 14,705 $-93,671
EL Estee Lauder Companies, Inc. (The) Common Stock $1,048,094 0.17% 4,047 $78,934 Up ×3
PXD CUSIP: 723787107 $1,043,160 0.17% 12,000 $-454,440
KWEB Krane Shares Trust $974,175 0.16% 39,811 $-31,081 Up ×1
TIP iShares TIPS Bond ETF $718,955 0.12% 6,570 $-6,110
VTEX VTEX Class A Common Shares $583,544 0.10% 2,570
IEF iShares 7-10 Year Treasury Bond ETF $569,879 0.09% 6,026 $-5,242
EWY iShares, Inc. $479,513 0.08% 2,375 Up ×1
SGML Sigma Lithium Corporation - common shares $442,750 0.07% 35,000 $-112,550 Down ×2
IEFA iShares Core MSCI EAFE ETF $398,199 0.06% 4,123 $351,757 Up ×1
IVV iShares Core S&P 500 ETF $326,516 0.05% 436 $41,716
LLY Eli Lilly and Company Common Stock $313,051 0.05% 261 $306,613 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $280,349 0.05% 3,392 $-339
GOOGL Alphabet Inc. - Class A Common Stock $276,247 0.05% 773 $105,724 Up ×4
IEI iShares 3-7 Year Treasury Bond ETF $273,399 0.04% 2,335 $-2,688
NVDA NVIDIA Corporation - Common Stock $253,714 0.04% 1,268 $32,575
ETHE Grayscale Ethereum Staking ETF Shares $211,816 0.03% 16,600 $-71,546
BITW Common Shares of Beneficial Interest $190,230 0.03% 5,062 $-35,571
SLB SLB Limited Common Shares $173,454 0.03% 3,731 $-18,282
HAL Halliburton Company Common Stock $172,059 0.03% 5,068 $-25,542
OBDC Blue Owl Capital Corporation Common Stock $167,572 0.03% 15,416 $-2,929
DMRC Digimarc Corporation - Common Stock $165,115 0.03% 20,087 $66,488
MUB iShares Trust $162,937 0.03% 1,514 $2,226
Unknown issuer (CUSIP: 84615Q103) $137,884 0.02% 807 Up ×1
EMXC iShares MSCI Emerging Markets ex China ETF $132,274 0.02% 1,293
NXE Nexgen Energy Ltd. Common Shares $111,792 0.02% 579 $586
XME SPDR SERIES TRUST $110,779 0.02% 1,036 Up ×1
IDEV iShares Core MSCI International Developed Markets ETF $100,848 0.02% 1,133 $6,163
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $93,227 0.02% 2,940 $3,028
SLV iShares Silver Trust $89,562 0.01% 1,675
IVE iShares Trust $71,505 0.01% 929 $576
CPER United States Copper Index Fund ETV $71,083 0.01% 1,884 $6,217
CAT Caterpillar, Inc. Common Stock $69,219 0.01% 65 $23,169
JPM JP Morgan Chase & Co. Common Stock $68,739 0.01% 210 $6,965
EEM iShares, Inc. $60,885 0.01% 890 $10,342
TSM Taiwan Semiconductor Manufacturing Company Ltd. $51,725 0.01% 26 $17,383
IGV iShares Expanded Tech-Software Sector ETF $45,756 0.01% 6,100 $1,220
TSLA Tesla, Inc. - Common Stock $45,425 0.01% 108 $5,276
HODL VanEck Bitcoin Trust $44,980 0.01% 2,708 $-6,905
ARKB ARK 21Shares Bitcoin ETF $44,777 0.01% 2,301 $-6,972
FBTC Fidelity Wise Origin Bitcoin Fund $44,771 0.01% 877 $-6,998
BITB Bitwise Bitcoin ETF $44,763 0.01% 1,405 $-6,955
XLE SELECT SECTOR SPDR TRUST $42,488 0.01% 800 $-6,520
MS Morgan Stanley Common Stock $40,554 0.01% 194 $8,627
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF $37,377 0.01% 197 $-624
BND Vanguard Total Bond Market ETF $35,530 0.01% 484 $-112
LHX L3Harris Technologies, Inc. Common Stock $34,886 0.01% 462 $-5,844
WMT Walmart Inc. - Common Stock $33,525 0.01% 296 $-3,262
SOXX iShares Trust $32,732 0.01% 2,450 $-2,475
GS Goldman Sachs Group, Inc. (The) Common Stock $29,330 0.00% 29 $4,796
FCX Freeport-McMoRan, Inc. Common Stock $25,785 0.00% 410 $1,685
BAC Bank of America Corporation Common Stock $25,470 0.00% 447 $3,679
HD Home Depot, Inc. (The) Common Stock $22,924 0.00% 65 $1,546
BAM (filed as BAMXXXX) Brookfield Asset Management Inc Class A Limited Voting Shares $22,909 0.00% 620 $-6,231
ETH Grayscale Ethereum Staking Mini ETF Shares $22,545 0.00% 1,500 $-7,245
COST Costco Wholesale Corporation - Common Stock $22,451 0.00% 24 $-1,463
AXP American Express Company Common Stock $21,310 0.00% 63 $2,254
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) $21,178 0.00% 404 $-1,119
SAN Banco Santander, S.A. Sponsored ADR (Spain) $20,531 0.00% 1,699 $4,407
META Meta Platforms, Inc. - Class A Common Stock $19,715 0.00% 35 $-310
AVGO Broadcom Inc. - Common Stock $18,888 0.00% 50 $3,412
JOBY Joby Aviation, Inc. Common Stock $18,348 0.00% 2,057 $1,357
EUFN iShares MSCI Europe Financials ETF $17,661 0.00% 329 $-4,089
BBD Banco Bradesco Sa American Depositary Shares $16,177 0.00% 1,980 $-416
MRK Merck & Company, Inc. Common Stock (new) $14,649 0.00% 114 $936
BILL BILL Holdings, Inc. Common Stock $14,175 0.00% 392 $-839
COPX Global X Funds $14,112 0.00% 182 $-2,814
IR Ingersoll Rand Inc. Common Stock $13,364 0.00% 163 $304
ISRG Intuitive Surgical, Inc. - Common Stock $12,726 0.00% 32 $-2,026
BCS Barclays PLC Common Stock $12,678 0.00% 472 $2,690
FIG Figma, Inc. Class A Common Stock $11,813 0.00% 653 $-1,991
IHE iShares U.S. Pharmaceutical ETF $10,792 0.00% 109 $1,344
BAND Bandwidth Inc. - Class A Common Stock $10,255 0.00% 162 $7,368
ABBV AbbVie Inc. Common Stock $9,814 0.00% 39 $1,332
ORCL Oracle Corporation Common Stock $9,233 0.00% 63 $-35
ACHR Archer Aviation Inc. Class A Common Stock $9,195 0.00% 1,944 $-855
HSBC HSBC Holdings, plc. Common Stock $8,748 0.00% 92 $1,159

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
EL $1,048,094 0.17% up ×3
GOOGL $276,247 0.05% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
RSX $45,685,228 66,518 7.45%
XYZ $10,630,165 67,721 1.73%
VTEX $583,544 2,570 0.10%
EWY $479,513 2,375 0.08%
Unknown issuer (CUSIP: 84615Q103) $137,884 807 0.02%
EMXC $132,274 1,293 0.02%
XME $110,779 1,036 0.02%
SLV $89,562 1,675 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VTI Bought more +7K +$24.6M
SPXU (filed as SPXUXXXX) Bought more +17K +$18.0M
VTWO Bought more +5K -$5.3M
VALE Trimmed -134K -$4.3M
PAGS Bought more +202K +$3.0M
GOOG Trimmed -8K +$2.3M
MSFT Bought more +3K +$1.3M
ISHG Bought more +16K +$1.2M
BMA Price move only +0 -$959K
IBIT Price move only +0 -$622K

2 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
SPY Sept. 30, 2025 131,785 $81,423,362 No longer tracked
EFA March 31, 2026 442,127 $42,457,456
QQQ Sept. 30, 2025 36,872 $20,340,070 24.0%
SGOV Sept. 30, 2025 147,337 $14,835,363 0.0%
VTWO Dec. 31, 2025 24,721 $8,787,574
ERIC June 30, 2026 670,000 $7,550,900 -4.4%
RSP Sept. 30, 2025 34,158 $6,207,875 11.3%
GLD June 30, 2025 15,857 $4,569,036
EMXC March 31, 2026 54,372 $3,951,757
MSTR June 30, 2025 11,000 $3,170,970 -63.9%
CHD Sept. 30, 2025 11,400 $1,095,654 20.0%
BMA Sept. 30, 2025 8,675 $609,072 56.2%
CCJ March 31, 2026 5,457 $499,261 -27.6%
VTEX March 31, 2026 2,227 $472,280 4.3%
TGS Sept. 30, 2025 17,903 $463,688 29.4%
SPMO Dec. 31, 2025 3,345 $404,946
MCHI June 30, 2025 7,097 $386,077
NXE Dec. 31, 2025 1,411 $320,796 -11.4%
ARKK Dec. 31, 2025 3,235 $279,181
RSX March 31, 2026 424 $265,903
AVGO Sept. 30, 2025 940 $259,111 -2.5%
GDX June 30, 2026 2,788 $255,855 6.3%
VSCO Dec. 31, 2025 676 $237,739 No longer tracked
SUPV Sept. 30, 2025 21,153 $224,010 56.4%
BUG March 31, 2026 5,393 $164,271
IOT Dec. 31, 2025 4,277 $159,318 26.7%
VV June 30, 2026 505 $150,919
SLV Dec. 31, 2025 3,500 $148,295 -24.4%
VT March 31, 2026 950 $134,007
LIT March 31, 2026 1,764 $114,413 -7.2%
MRK Sept. 30, 2025 1,200 $94,992 73.1%
PAM Dec. 31, 2025 1,906 $89,631 -10.2%
V Sept. 30, 2025 240 $85,212 19.5%
ECH March 31, 2026 1,890 $76,356
JNJ Sept. 30, 2025 425 $64,919 42.3%
URNM Sept. 30, 2025 1,352 $64,801 -30.8%
COPX Sept. 30, 2025 1,206 $54,270
REGN Sept. 30, 2025 100 $52,500 43.2%
RPV Dec. 31, 2025 375 $52,189
XLV Sept. 30, 2025 375 $50,546 28.8%
PBR Sept. 30, 2025 3,820 $47,788 106.6%
NFLX June 30, 2025 50 $46,627
BUD March 31, 2026 3,820 $45,267 21.5%
WIW March 31, 2026 5,030 $43,208 -6.3%
NOBL March 31, 2026 400 $41,628 3.7%
QLTI March 31, 2026 1,450 $38,570
TMO Sept. 30, 2025 95 $38,519 38.9%
VGT March 31, 2026 50 $37,689 38.0%
RIVN Sept. 30, 2025 2,657 $36,507 -19.4%
JAAA March 31, 2026 716 $36,215
CTVA Sept. 30, 2025 470 $35,029 -81.6%
LHX Dec. 31, 2025 462 $33,620 -13.5%
NU Sept. 30, 2025 2,450 $33,614 -5.3%
PFE Sept. 30, 2025 1,230 $29,815 17.9%
PULS March 31, 2026 545 $27,027
LASE Sept. 30, 2025 9,780 $26,308 -84.1%
BHK March 31, 2026 2,730 $26,181 -8.3%
TTE Sept. 30, 2025 410 $25,170 55.4%
SHEL Sept. 30, 2025 345 $24,291 51.2%
BABA Sept. 30, 2025 190 $21,548 -44.3%
CHI Dec. 31, 2025 1,945 $20,987 6.1%
RDVI Dec. 31, 2025 804 $20,783
SHOP March 31, 2026 117 $18,833 42.2%
EVTR March 31, 2026 359 $18,489 -4.1%
ISD March 31, 2026 1,263 $18,276 -13.8%
KVYO Sept. 30, 2025 543 $18,234 -23.8%
KNG March 31, 2026 368 $18,087
FTHI March 31, 2026 763 $18,022
JPC March 31, 2026 2,215 $17,964 -11.0%
PFN March 31, 2026 2,390 $17,925 -11.0%
EVV March 31, 2026 1,799 $17,828 No longer tracked
TLH March 31, 2026 175 $17,792
ERC March 31, 2026 1,911 $17,772 No longer tracked
ARDC March 31, 2026 1,332 $17,716 -5.9%
BTZ March 31, 2026 1,633 $17,685 -6.2%
ETY March 31, 2026 1,151 $17,656 -0.8%
STNE Sept. 30, 2025 1,100 $17,644 -39.3%
MELI March 31, 2026 8 $16,114 4.7%
INTU March 31, 2026 95 $14,553 -20.6%
PYPL June 30, 2025 200 $13,050 -23.3%
ACLX Sept. 30, 2025 179 $11,787 No longer tracked
GJUL Dec. 31, 2025 253 $10,262
QCJL Dec. 31, 2025 440 $10,245
HYI Dec. 31, 2025 838 $9,813 -14.7%
XOM March 31, 2026 81 $9,748 8.0%
HYT Dec. 31, 2025 1,021 $9,700 -13.3%
VZ March 31, 2026 232 $9,449 -11.0%
ETV March 31, 2026 650 $9,334 6.1%
AMD March 31, 2026 26 $9,100 154.0%
FXI March 31, 2026 40 $8,566 -6.6%
NEE March 31, 2026 106 $8,510 -11.6%
DIA March 31, 2026 81 $8,392
IYG Dec. 31, 2025 95 $8,261 -0.3%
XYZ Sept. 30, 2025 95 $8,261 5.8%
UNH March 31, 2026 24 $7,923 54.5%
PANW March 31, 2026 43 $7,921 137.4%
PSQ (filed as PSQXXXX) March 31, 2026 13 $7,549 -18.8%
AMBIQ June 30, 2026 128,800 $6,633 No longer tracked
BTC June 30, 2025 172 $6,276 -24.8%
ICLN March 31, 2026 250 $4,108
TTAN Dec. 31, 2025 40 $4,033 -18.3%
LNG March 31, 2026 19 $4,028 5.3%
QUBT Dec. 31, 2025 167 $3,074 -36.1%
XP June 30, 2025 205 $2,819 50.5%
AGG Dec. 31, 2025 21 $2,058
VTRS Sept. 30, 2025 152 $1,357 81.8%
PG March 31, 2026 1,334 $986 11.5%
CGC Sept. 30, 2025 230 $281 -53.7%
GROV Sept. 30, 2025 214 $246 -30.0%
DMTKQ Dec. 31, 2025 363 $38 No longer tracked
RSX Sept. 30, 2025 21,727 $0