Sector breakdown

04
Technology 1.5%
Financials 0.8%
Industrials 0.7%
Retail 0.4%
Healthcare 0.4%
Communication Services 0.3%
Energy 0.2%
Consumer Discretionary 0.2%
Consumer products 0.1%
Utilities 0.1%
Consumer Staples 0.1%
Materials 0.1%
Real Estate 0.0%
Other/Unmapped 95.1%

Full portfolio 728 positions

05
Type Streak 8Q trend
VEA Vanguard FTSE Developed Markets ETF $863,959,137 9.17% 12,125,742 $85,309,987 Down ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $563,798,590 5.98% 4,738,201 $85,573,081 Down ×1
SPYV State Street SPDR Portfolio S&P 500 Value ETF $562,970,564 5.97% 9,260,907 $53,973,600 Up ×6
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $479,639,057 5.09% 7,099,453 $52,349,746 Down ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $369,065,829 3.92% 7,347,518 $15,721,860 Up ×6
VOO Vanguard S&P 500 ETF $342,021,215 3.63% 497,985 $42,244,527 Down ×2
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $324,468,585 3.44% 10,812,015 $50,014,682 Up ×6
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $294,211,311 3.12% 5,101,635 $32,687,756 Down ×1
VWO Vanguard FTSE Emerging Markets ETF $276,163,801 2.93% 4,626,634 $27,545,844 Up ×4
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF $268,880,410 2.85% 2,961,564 $36,457,034 Up ×6
VGIT Vanguard Intermediate-Term Treasury ETF $210,368,375 2.23% 3,566,775 $23,482,022 Up ×6
GUNR FlexShares Trust $184,947,512 1.96% 3,752,993 $-3,970,432 Up ×1
REET iShares Trust $184,163,708 1.95% 6,667,766 $21,190,821 Up ×6
USIG iShares Broad USD Investment Grade Corporate Bond ETF $174,691,296 1.85% 3,405,952 $20,208,009 Up ×6
EMXC iShares MSCI Emerging Markets ex China ETF $157,151,245 1.67% 1,536,180 $15,938,074 Down ×1
HYLB DBX ETF Trust $134,625,681 1.43% 3,686,355 $14,232,131 Up ×2
BSV VANGUARD BOND INDEX FUNDS $131,599,536 1.40% 1,689,123 $5,309,353 Up ×6
EMLC VanEck ETF Trust $127,907,830 1.36% 5,004,219 $13,832,040 Up ×6
SMLF iShares Trust $114,174,118 1.21% 1,280,840 $13,422,523 Down ×1
LQD iShares Trust $100,427,353 1.07% 920,761 $3,275,600 Up ×6
CGDV Capital Group Dividend Value ETF $85,154,552 0.90% 1,727,974 $13,674,538 Up ×6
SCHD SCHWAB STRATEGIC TRUST $83,471,376 0.89% 2,632,336 $1,688,891 Down ×1
VMBS Vanguard Mortgage-Backed Securities ETF $83,316,344 0.88% 1,779,883 $8,603,386 Up ×6
HYBB iShares Trust $83,307,280 0.88% 1,781,212 $12,103,744 Up ×2
CGGR Capital Group Growth ETF $81,600,529 0.87% 1,728,825 $16,369,677 Up ×6
CGDG Capital Group Dividend Growers ETF $80,625,217 0.86% 2,149,433 $5,976,776 Up ×6
VGSH Vanguard Short-Term Treasury ETF $78,588,447 0.83% 1,350,317 $4,775,449 Up ×1
IVW iShares S&P 500 Growth ETF $78,382,245 0.83% 569,928 $11,255,035 Down ×6
XSOE WisdomTree Trust $74,342,540 0.79% 1,511,642 $8,543,804 Down ×2
IJH iShares Trust $67,697,639 0.72% 877,936 $6,875,299 Down ×3
GTR WisdomTree Target Range Fund $65,978,039 0.70% 2,427,600 $6,794,569 Up ×5
IVE iShares Trust $63,064,663 0.67% 277,744 $3,243,364 Down ×6
CGUS Capital Group Core Equity ETF $60,929,617 0.65% 1,369,821 $9,710,818 Up ×6
AAPL Apple Inc. - Common Stock $58,900,987 0.63% 203,556 $6,470,423 Down ×2
IVV iShares Trust $57,391,906 0.61% 76,636 $15,102,353 Up ×4
CGCB Capital Group Fixed Income ETF Trust $56,858,041 0.60% 2,171,812 $2,793,140 Up ×6
CGCP Capital Group Fixed Income ETF Trust $50,096,502 0.53% 2,247,488 $3,538,631 Up ×6
VTI Vanguard Morningstar Total Stock Market ETF $49,718,823 0.53% 134,361 $7,061,968 Up ×6
VEU Vanguard FTSE All World Ex US ETF $49,465,682 0.52% 590,635 $1,365,183 Down ×2
CGMS Capital Group Fixed Income ETF Trust $48,496,712 0.51% 1,774,486 $6,950,685 Up ×6
VYM Vanguard High Dividend Yield ETF $42,984,145 0.46% 272,000 $4,031,614 Up ×6
BINC iShares Flexible Income Active ETF $40,310,339 0.43% 770,163 $9,839,732 Up ×6
CGGO Capital Group Global Growth Equity ETF $40,260,467 0.43% 951,110 $12,193,207 Up ×6
BNDX Vanguard Total International Bond ETF $38,576,810 0.41% 796,548 $3,116,551 Up ×6
IJR iShares Trust $38,471,898 0.41% 259,402 $3,985,063 Down ×6
ITOT iShares Trust $36,763,767 0.39% 223,801 $3,645,144 Down ×6
VXF Vanguard Extended Market ETF $36,638,674 0.39% 148,811 $6,354,817 Up ×6
VIG Vanguard Div Appreciation ETF $35,929,894 0.38% 151,846 $2,865,509 Down ×1
IUSG iShares Core S&P U.S. Growth ETF $33,791,628 0.36% 179,657 $4,652,780 Down ×4
EFA iShares Trust $33,646,302 0.36% 323,896 $2,624,162 Up ×1
JPST JPMorgan Ultra-Short Income ETF $33,561,802 0.36% 663,670 $-12,358,978 Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $31,226,338 0.33% 62,404 $2,061,268 Up ×4
SGOV iShares Trust $28,937,580 0.31% 287,450 $4,176,209 Up ×6
DVY iShares Select Dividend ETF $28,006,841 0.30% 179,186 $526,958 Down ×1
IWY iShares Russell Top 200 Growth ETF $25,568,166 0.27% 87,978 $-792,476 Down ×1
RDVY First Trust Rising Dividend Achievers ETF $23,552,388 0.25% 290,555 $2,026,503 Down ×1
DWM WisdomTree Trust $22,630,682 0.24% 309,102 $996,539 Down ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF $22,311,875 0.24% 442,784 $2,418,330 Up ×1
VCSH Vanguard Short-Term Corporate Bond ETF $22,295,098 0.24% 282,109 $-390,420 Down ×1
MSFT Microsoft Corporation - Common Stock $21,637,463 0.23% 58,006 $-147,060 Down ×1
VTV Vanguard Morningstar Value ETF $20,794,520 0.22% 95,418 $1,089,645 Down ×1
FBND Fidelity Merrimack Street Trust $20,698,608 0.22% 455,014 $2,209,195 Up ×6
NVDA NVIDIA Corporation - Common Stock $20,086,403 0.21% 100,387 $2,853,079 Up ×1
SPEM State Street SPDR Portfolio Emerging Markets ETF $19,180,400 0.20% 370,421 $2,051,497 Up ×1
PVAL Putnam Focused Large Cap Value ETF $18,687,220 0.20% 366,776 $5,304,161 Up ×4
SPYM State Street SPDR Portfolio S&P 500 ETF $16,266,688 0.17% 185,101 $2,812,459 Up ×2
STIP iShares 0-5 Year TIPS Bond ETF $15,938,456 0.17% 156,015 $21,420 Up ×3
FTGC First Trust Global Tactical Commodity Strategy Fund $15,703,688 0.17% 580,543 $-2,082,128 Down ×1
CGMM Capital Group Equity ETF Trust I $15,456,540 0.16% 468,806 $9,330,453 Up ×4
VNQ Vanguard Real Estate ETF $15,059,238 0.16% 156,168 $990,740 Down ×3
XLV SELECT SECTOR SPDR TRUST $14,762,253 0.16% 93,043 $-2,841,639 Down ×1
FELG Fidelity Covington Trust $14,458,303 0.15% 330,476 $3,024,121 Up ×6
USMV iShares MSCI USA Min Vol Factor ETF $14,358,021 0.15% 148,849 $-2,515,646 Down ×4
AMZN Amazon.com, Inc. - Common Stock $14,012,485 0.15% 58,792 $2,597,623 Up ×3
CGSD Capital Group Fixed Income ETF Trust $14,007,036 0.15% 544,385 $1,400,096 Up ×6
DGRO iShares Trust $13,910,832 0.15% 183,544 $2,576,086 Up ×6
DES WisdomTree Trust $13,619,245 0.14% 334,790 $1,083,459 Down ×1
DEM WisdomTree Trust $13,459,230 0.14% 250,218 $1,065,763 Up ×6
LGLV SPDR SERIES TRUST $13,438,000 0.14% 74,055 $4,128,271 Up ×6
QQQ Invesco QQQ Trust, Series 1 $12,966,415 0.14% 17,608 $6,307,292 Up ×2
CGBL Capital Group Core Balanced ETF $11,955,875 0.13% 314,960 $6,588,438 Up ×6
JPM JP Morgan Chase & Co. Common Stock $11,933,352 0.13% 36,457 $1,155,790 Down ×2
VO Vanguard Morningstar Mid-Cap ETF $11,849,154 0.13% 147,067 $1,497,429 Up ×5
JEPI JPMorgan Equity Premium Income ETF $11,819,880 0.13% 209,275 $3,633,096 Up ×6
TDTT Northern Trust iBoxx 3-Year Target Duration TIPS ETF $11,592,692 0.12% 484,847 $-26,800 Up ×1
AGG iShares Trust $11,529,813 0.12% 116,486 $-1,150,475 Down ×2
CGGE Capital Group Global Equity ETF $11,416,074 0.12% 323,952 $6,681,279 Up ×5
VTEB Vanguard Tax-Exempt Bond ETF $11,366,908 0.12% 224,731 $2,053,302 Up ×5
DFIV Dimensional ETF Trust $11,191,621 0.12% 207,176 $7,643,189 Up ×1
SPY SPY $11,159,999 0.12% 14,944 $915,495 Down ×1
VB Vanguard Morningstar Small-Cap ETF $10,887,734 0.12% 35,919 $1,585,236 Up ×6
MUB iShares Trust $10,816,294 0.11% 100,505 $1,317,668 Up ×2
CGCV Capital Group Conservative Equity ETF $10,621,213 0.11% 323,620 $2,253,379 Up ×5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF $10,608,225 0.11% 330,063 $475,563 Up ×6
VSS Vanguard FTSE All-Wld ex-US SmCp Idx ETF $10,559,916 0.11% 68,442 $-135,999 Down ×1
XOM Exxon Mobil Corporation Common Stock $9,935,581 0.11% 72,671 $-1,805,930 Up ×1
PG Procter & Gamble Company (The) Common Stock $9,637,701 0.10% 65,724 $-19,242 Down ×3
XLE SELECT SECTOR SPDR TRUST $9,543,248 0.10% 179,688 $-2,519,690 Down ×2
FLRN SPDR SERIES TRUST $9,092,425 0.10% 294,730 $-21,535,867 Down ×1
HOLA J.P. Morgan Exchange-Traded Fund Trust $8,638,475 0.09% 156,010 $1,158,234 Up ×2

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYV $562,970,564 5.97% up ×6
VTIP $369,065,829 3.92% up ×6
SPSB $324,468,585 3.44% up ×6
VWO $276,163,801 2.93% up ×4
SPTM $268,880,410 2.85% up ×6
VGIT $210,368,375 2.23% up ×6
REET $184,163,708 1.95% up ×6
USIG $174,691,296 1.85% up ×6
BSV $131,599,536 1.40% up ×6
EMLC $127,907,830 1.36% up ×6
LQD $100,427,353 1.07% up ×6
CGDV $85,154,552 0.90% up ×6
VMBS $83,316,344 0.88% up ×6
CGGR $81,600,529 0.87% up ×6
CGDG $80,625,217 0.86% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
VBIL $1,384,339 18,292 0.01%
LQTI $740,345 38,340 0.01%
DFSD $738,358 15,463 0.01%
CRDO $630,652 2,319 0.01%
Unknown issuer (CUSIP: 43849R105) $629,857 2,849 0.01%
GRID $612,641 3,195 0.01%
Unknown issuer (CUSIP: 84615Q103) $562,129 3,290 0.01%
QBUF $505,949 16,445 0.01%
CIBR $436,773 4,861 0.00%
ROK $419,828 848 0.00%
AEM $413,111 2,663 0.00%
SPIR $410,865 22,090 0.00%
STX $410,125 425 0.00%
CRWD $379,281 497 0.00%
CLCV $368,020 12,297 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYG Trimmed -146K +$85.6M
VEA Trimmed -25K +$85.3M
SPYV Bought more +265K +$54.0M
SPMD Trimmed -116K +$52.3M
SPSB Bought more +1.7M +$50.0M
VOO Trimmed -4K +$42.2M
SPTM Bought more +22K +$36.5M
SPSM Trimmed -311K +$32.7M
VWO Bought more +27K +$27.5M
VGIT Bought more +428K +$23.5M

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
SCHC March 31, 2026 269,681 $12,278,592
EEMS March 31, 2026 61,589 $4,156,009
BJ Sept. 30, 2025 36,135 $3,896,437 0.6%
IBDQ Dec. 31, 2025 141,075 $3,553,679
GMS Sept. 30, 2025 30,000 $3,262,500 No longer tracked
IBTF Dec. 31, 2025 128,347 $2,998,831 No longer tracked
IBMN Dec. 31, 2025 100,959 $2,704,686
CASY Sept. 30, 2025 4,404 $2,247,229 9.2%
TDG Sept. 30, 2025 1,285 $1,954,022 -17.1%
CVNA Sept. 30, 2025 5,291 $1,782,855 -83.1%
CWST Sept. 30, 2025 15,099 $1,742,123 -12.1%
CELH Sept. 30, 2025 35,646 $1,653,618 -52.1%
BLD Sept. 30, 2025 4,902 $1,586,973 No longer tracked
OVLY June 30, 2025 60,009 $1,497,831 25.8%
AGM Sept. 30, 2025 7,611 $1,478,665 27.7%
SFLR June 30, 2026 39,709 $1,406,096
ROOT Sept. 30, 2025 10,365 $1,326,409 -47.0%
WTV Dec. 31, 2025 14,554 $1,324,592
TMDX Sept. 30, 2025 9,709 $1,301,103 -26.0%
XMHQ Dec. 31, 2025 12,105 $1,270,545
ESE Sept. 30, 2025 6,404 $1,228,735 28.8%
XMMO Dec. 31, 2025 8,635 $1,167,717
HON June 30, 2026 4,673 $1,056,125 -4.4%
RWR Dec. 31, 2025 9,663 $969,102 8.2%
AZEK Sept. 30, 2025 16,147 $877,589 No longer tracked
PYPL Sept. 30, 2025 11,602 $862,261 -18.9%
ODFL Sept. 30, 2025 4,632 $751,774 27.4%
TLH Sept. 30, 2025 7,133 $724,713
QTRX Sept. 30, 2025 105,382 $700,790 -29.8%
ELF Sept. 30, 2025 5,551 $690,766 -21.7%
ABNB Sept. 30, 2025 5,167 $683,801 35.1%
KRUS Sept. 30, 2025 7,872 $677,622 -32.0%
TATT Sept. 30, 2025 21,380 $652,945 -24.8%
PJUL Dec. 31, 2025 13,155 $599,868
SOVF Dec. 31, 2025 18,984 $574,904
IAPR March 31, 2026 18,033 $556,138
KMB Dec. 31, 2025 4,315 $536,527 -5.4%
SHV Sept. 30, 2025 4,771 $526,867
HNST Sept. 30, 2025 102,354 $520,982 39.9%
ETHA Dec. 31, 2025 15,244 $480,338
FBTC Dec. 31, 2025 4,780 $477,092
CROX Sept. 30, 2025 4,648 $470,749 41.5%
PFF March 31, 2026 14,223 $440,336
BSCP Dec. 31, 2025 20,515 $424,455 No longer tracked
VOT March 31, 2026 1,503 $419,547
DVN June 30, 2025 10,253 $383,462 50.8%
POWL Dec. 31, 2025 1,210 $368,820 -37.9%
APP March 31, 2026 543 $365,884 -29.2%
AKRE June 30, 2026 6,492 $343,102
MXCT June 30, 2025 123,203 $336,344 -50.5%
DFS June 30, 2025 1,923 $328,226 No longer tracked
HODL Dec. 31, 2025 9,921 $321,143 -1.9%
VGK Dec. 31, 2025 4,001 $319,280
RIOT Sept. 30, 2025 27,727 $313,315 1.5%
SKYY Dec. 31, 2025 2,291 $307,956
SPGP March 31, 2026 2,699 $307,308
KMI March 31, 2026 11,117 $305,606 -6.3%
NVO March 31, 2026 5,870 $298,681 2.1%
SHM Dec. 31, 2025 6,062 $292,310 -2.7%
FHN June 30, 2026 12,798 $291,282 -8.9%
SHV June 30, 2026 2,615 $288,645
SLF March 31, 2026 4,614 $287,914 25.7%
CVS March 31, 2026 3,592 $285,100 21.2%
QBTS March 31, 2026 10,609 $277,425 No longer tracked
GSEW March 31, 2026 3,225 $274,512
IYK Dec. 31, 2025 3,997 $273,354 7.0%
CRDO March 31, 2026 1,898 $273,103 126.4%
FISV Sept. 30, 2025 1,575 $271,546 -64.2%
MBB June 30, 2025 2,867 $268,840
IOO March 31, 2026 2,115 $267,913 20.3%
ARTY Dec. 31, 2025 5,824 $266,637
BP Dec. 31, 2025 7,562 $260,581 28.5%
MELI Sept. 30, 2025 97 $253,606 -20.4%
MOAT Sept. 30, 2025 2,623 $246,011
TLH March 31, 2026 2,342 $238,111
ZBRA Dec. 31, 2025 800 $237,728 54.7%
EZBC Dec. 31, 2025 3,576 $236,767
EFV June 30, 2025 4,010 $236,344
VPL Dec. 31, 2025 2,690 $236,290
USA June 30, 2026 42,497 $235,858 0.0%
FTNT March 31, 2026 2,962 $235,212 125.3%
SOXX Dec. 31, 2025 865 $234,569 95.8%
TM Sept. 30, 2025 1,358 $233,929 -3.6%
AMT Sept. 30, 2025 1,052 $232,513 -15.6%
TIPX March 31, 2026 12,082 $230,517
CRWD March 31, 2026 486 $227,817 -30.2%
IBIT March 31, 2026 4,566 $226,702
GDX June 30, 2026 2,457 $225,479 15.9%
MKC Sept. 30, 2025 2,952 $223,821 -31.9%
PPG March 31, 2026 2,158 $221,109 -1.5%
KNG Dec. 31, 2025 4,480 $220,909
DELL June 30, 2026 1,344 $220,590 28.0%
SLB June 30, 2025 5,237 $218,907 48.8%
RHP Sept. 30, 2025 2,200 $217,074 34.6%
NSIT Dec. 31, 2025 1,901 $215,592 95.6%
BSCT June 30, 2026 11,539 $215,322
SHEL June 30, 2026 2,313 $215,109 24.5%
ESGD Dec. 31, 2025 2,308 $214,598
CIBR March 31, 2026 2,998 $214,215
VRSN Dec. 31, 2025 766 $214,151 20.3%
NRG March 31, 2026 1,343 $213,859 -33.8%
FTMH March 31, 2026 18,442 $213,371
IHI June 30, 2026 3,989 $212,813 4.4%
CGSM June 30, 2026 8,091 $212,631
PLD March 31, 2026 1,657 $211,533 -3.1%
IXJ June 30, 2025 2,306 $210,307 17.9%
IYZ Dec. 31, 2025 6,414 $206,908
QQQM March 31, 2026 817 $206,516
ZTS June 30, 2026 1,747 $206,513 -0.6%
MRSH Dec. 31, 2025 1,017 $204,956 -8.1%
ROP March 31, 2026 460 $204,786 2.7%
HYDW Sept. 30, 2025 4,316 $204,080
FTNT Sept. 30, 2025 1,928 $203,828 119.0%
CRWV Dec. 31, 2025 1,488 $203,633 22.0%
IVES March 31, 2026 6,419 $202,905
WPC Dec. 31, 2025 2,994 $202,305 -0.7%
APH March 31, 2026 1,493 $201,764 -30.9%
FXL March 31, 2026 1,197 $201,431
IHAK Sept. 30, 2025 3,780 $201,134
FTMS March 31, 2026 17,282 $171,612
LAES June 30, 2026 39,664 $103,920 -23.5%
RCAT March 31, 2026 12,675 $100,513 -51.5%
CELU June 30, 2026 49,983 $66,477 186.0%