Sector breakdown

04
Technology 4.5%
Health Care 1.3%
Financials 1.3%
Communication Services 0.6%
Retail 0.3%
Consumer Discretionary 0.2%
Energy 0.2%
Industrials 0.1%
Utilities 0.0%
Consumer Staples 0.0%
Other/Unmapped 91.4%

Full portfolio 158 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $108,494,218 16.12% 1,234,572 $35,763,855 Up ×4
JQUA JPMorgan U.S. Quality Factor ETF $49,733,952 7.39% 688,073 $11,643,434 Up ×2
USFR WisdomTree Floating Rate Treasury Fund $38,984,148 5.79% 774,263 $-6,024,578 Down ×1
TFLO iShares Treasury Floating Rate Bond ETF $38,664,695 5.74% 763,672 $-13,930,722 Down ×1
DYNF BlackRock ETF Trust $32,548,430 4.84% 478,583 $10,383,552 Up ×6
SPY SPY $28,107,710 4.18% 37,639 $14,572,408 Up ×1
AAPL Apple Inc. - Common Stock $27,194,210 4.04% 93,981 $4,943,146 Up ×1
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $23,043,886 3.42% 193,662 $6,894,416 Up ×2
JTEK JPMorgan U.S. Tech Leaders ETF $20,356,290 3.02% 182,483 $7,852,204 Up ×6
BIDD iShares International Dividend Active ETF $18,801,776 2.79% 626,308 $3,591,459 Up ×6
HEFA iShares Currency Hedged MSCI EAFE ETF $14,164,333 2.10% 301,850 $3,244,263 Up ×4
IUSB iShares Core Universal USD Bond ETF $12,092,644 1.80% 262,029 $6,223,138 Up ×3
PULS PGIM ETF Trust $11,707,862 1.74% 236,284 $2,245,475 Up ×6
DTD WisdomTree Trust $10,914,496 1.62% 117,050 $2,278,315 Up ×6
BINC iShares Flexible Income Active ETF $10,441,738 1.55% 199,498 $2,725,903 Up ×6
SPDW State Street SPDR Portfolio Developed World ex-US ETF $10,342,371 1.54% 205,247 $5,340,922 Up ×1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF $9,560,400 1.42% 213,736 $2,720,343 Up ×1
BAI iShares A.I. Innovation and Tech Active ETF $9,018,287 1.34% 171,060 $3,800,822 Up ×4
JMST JPMorgan Ultra-Short Municipal Income ETF $8,048,616 1.20% 157,816 $75,344 Up ×6
SPMO Invesco S&P 500 Momentum ETF $7,336,322 1.09% 45,415 $2,242,673 Down ×1
SPAB State Street SPDR Portfolio Aggregate Bond ETF $7,323,679 1.09% 286,978 $2,349,255 Up ×1
AVEM AMERICAN CENTURY ETF TRUST $6,580,816 0.98% 68,202 $1,506,841 Up ×3
SPYV State Street SPDR Portfolio S&P 500 Value ETF $6,553,458 0.97% 107,805 $3,396,528 Up ×5
EMXC iShares MSCI Emerging Markets ex China ETF $6,474,748 0.96% 63,292 $2,787,422 Up ×1
ABBV AbbVie Inc. Common Stock $6,283,954 0.93% 24,972 $3,202,773 Up ×2
IEMG iShares, Inc. $6,151,554 0.91% 74,258 $5,151,933 Up ×1
QQQ Invesco QQQ Trust, Series 1 $5,914,176 0.88% 8,031
BIL SPDR SERIES TRUST $5,588,390 0.83% 60,982 $580,356 Up ×3
THRO iShares U.S. Thematic Rotation Active ETF $5,509,284 0.82% 127,796 $613,613 Down ×1
SHLD Global X Funds $5,239,563 0.78% 87,750 $1,449,118 Up ×3
XCEM Columbia ETF Trust II $5,208,937 0.77% 98,505 $1,398,763 Up ×1
BLCR iShares Large Cap Core Active ETF $5,098,603 0.76% 101,223 $1,705,117 Up ×1
BMO Bank Of Montreal Common Stock $4,940,288 0.73% 27,959 $615,008 Down ×1
GOVT iShares Trust $4,481,535 0.67% 196,731 $1,668,737 Up ×4
SPMB State Street SPDR Portfolio Mortgage Backed Bond ETF $4,406,941 0.65% 197,532 $1,299,534 Up ×5
AKRE Akre Focus ETF $3,395,011 0.50% 63,828 $18,794 Down ×2
IAGG iShares International Aggregate Bond Fund $3,291,168 0.49% 65,043 $542,241 Up ×4
TBLL Invesco Short Term Treasury ETF $3,276,523 0.49% 74,960 $1,951,620 Up ×1
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $3,162,748 0.47% 111,404 $948,681 Up ×6
MMIN New York Life Investments Active ETF Trust $3,116,384 0.46% 128,723 $349,308 Up ×3
SHYM iShares Short Duration High Yield Muni Active ETF $3,051,471 0.45% 135,923 $478,588 Up ×2
IALT iShares Systematic Alternatives Active ETF $2,821,845 0.42% 100,601 Up ×1
MUNI PIMCO ETF Trust $2,736,410 0.41% 52,023 $344,960 Up ×6
XLK SELECT SECTOR SPDR TRUST $2,680,641 0.40% 14,070 $1,146,167 Up ×3
BILS SPDR SERIES TRUST $2,448,723 0.36% 24,640 $182,784 Up ×3
GLDM SPDR Gold MiniShares Trust $2,306,924 0.34% 29,047 $229,549 Up ×1
QUAL iShares Trust $2,285,338 0.34% 10,415 $-1,242,505 Down ×1
IDEV iShares Core MSCI International Developed Markets ETF $2,004,165 0.30% 22,516 $-4,756,230 Down ×1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF $1,664,063 0.25% 18,329 $893,534 Up ×1
STIP iShares 0-5 Year TIPS Bond ETF $1,532,426 0.23% 15,000 $181,010 Up ×2
RPG Invesco Exchange-Traded Fund Trust $1,507,371 0.22% 23,608 $403,933
CME CME Group Inc. - Class A Common Stock $1,498,332 0.22% 6,785 $-514,478 Down ×1
RSP Invesco Exchange-Traded Fund Trust $1,433,703 0.21% 6,738 $-15,750 Down ×1
AMZN Amazon.com, Inc. - Common Stock $1,413,595 0.21% 5,931
IEFA iShares Core MSCI EAFE ETF $1,315,252 0.20% 13,618 $265,975 Up ×2
DFAU Dimensional ETF Trust $1,308,813 0.19% 25,320 $170,396 Up ×6
GOOGL Alphabet Inc. - Class A Common Stock $1,225,064 0.18% 3,428 $417,596 Up ×2
IXUS iShares Core MSCI Total International Stock ETF $1,197,963 0.18% 12,552 $751,767 Up ×5
GOOG Alphabet Inc. - Class C Capital Stock $1,145,227 0.17% 3,241 $399,036 Up ×2
GLD SPDR Gold Shares $1,129,085 0.17% 3,065 $-220,735 Down ×1
SMH SMH $1,119,200 0.17% 1,706 $733,234 Up ×3
NVDA NVIDIA Corporation - Common Stock $1,107,522 0.16% 5,535 $382,866 Up ×2
XLI SELECT SECTOR SPDR TRUST $1,074,149 0.16% 5,799 $120,589 Down ×1
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $1,070,770 0.16% 1,522 $521,111 Up ×1
ABT Abbott Laboratories Common Stock $1,064,743 0.16% 11,734 $-161,445 Down ×1
JPM JP Morgan Chase & Co. Common Stock $1,062,841 0.16% 3,247 $149,768 Up ×4
BDYN iShares Dynamic Equity Active ETF $1,040,278 0.15% 37,501 $149,900 Up ×2
SYSB iShares Systematic Bond ETF $989,574 0.15% 11,154 $282,736 Up ×1
VLUE iShares MSCI USA Value Factor ETF $896,223 0.13% 4,485 $463,378 Up ×1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $886,811 0.13% 15,377 $507,276 Up ×1
COWZ Pacer Funds Trust $844,856 0.13% 13,583 $-4,696 Up ×2
TOUS T. Rowe Price International Equity ETF $838,807 0.12% 21,861 $89,772 Up ×3
XLG Invesco Exchange-Traded Fund Trust $788,264 0.12% 12,874 $-83,101 Down ×2
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $769,171 0.11% 11,385 $431,499 Up ×1
PRFZ Invesco RAFI US 1500 Small-Mid ETF $733,340 0.11% 13,149 $410,307 Up ×2
USMV iShares MSCI USA Min Vol Factor ETF $649,586 0.10% 6,734 $41,397 Up ×1
SPHQ Invesco S&P 500 Quality ETF $633,551 0.09% 7,032 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $601,242 0.09% 1,035 Up ×1
MEAR iShares U.S. ETF Trust $592,281 0.09% 11,756 $110,258 Up ×5
PSN Parsons Corporation Common Stock $590,435 0.09% 11,270 $285,187 Up ×1
XOM Exxon Mobil Corporation Common Stock $585,025 0.09% 4,279 $143,570 Up ×1
PAAA PGIM ETF Trust $583,248 0.09% 11,376 $-17,196 Down ×3
COST Costco Wholesale Corporation - Common Stock $547,250 0.08% 585 $-28,687 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $546,810 0.08% 1,375 $191,848 Up ×1
PXF Invesco Exchange-Traded Fund Trust II $543,101 0.08% 7,180 $237,934 Up ×2
VGT Vanguard Information Tech ETF $540,098 0.08% 4,519 $198,252 Up ×1
BP BP p.l.c. Common Stock $538,842 0.08% 14,583 $-246,716 Down ×5
TGRT T. Rowe Price Growth ETF $527,805 0.08% 11,544 $139,489 Up ×1
DON WisdomTree Trust $513,947 0.08% 9,093 $36,747 Up ×1
XLF SELECT SECTOR SPDR TRUST $510,302 0.08% 9,519 $-5,067 Down ×1
SPTL State Street SPDR Portfolio Long Term Treasury ETF $509,885 0.08% 19,439 $221,275 Up ×1
XLV SELECT SECTOR SPDR TRUST $502,214 0.07% 3,165 $-73,542 Down ×1
DTH WisdomTree Trust $497,790 0.07% 9,200 $-6,732 Down ×1
STPZ PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund $477,819 0.07% 8,958 $-8,112 Down ×1
TFI State Street SPDR Nuveen ICE Municipal Bond ETF $465,832 0.07% 10,171 $62,487 Up ×2
MAIN Main Street Capital Corporation Common Stock $445,292 0.07% 8,583 $-9,270
VDC Vanguard Consumer Staples ETF $439,706 0.07% 1,950 $1,755
VZ Verizon Communications Inc. Common Stock $437,838 0.07% 10,341 $-59,192 Up ×2
DFAT Dimensional ETF Trust $436,882 0.06% 6,250 $33,705 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $428,100 0.06% 760 $124,299 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
SPYM $108,494,218 16.12% up ×4
DYNF $32,548,430 4.84% up ×6
JTEK $20,356,290 3.02% up ×6
BIDD $18,801,776 2.79% up ×6
HEFA $14,164,333 2.10% up ×4
IUSB $12,092,644 1.80% up ×3
PULS $11,707,862 1.74% up ×6
DTD $10,914,496 1.62% up ×6
BINC $10,441,738 1.55% up ×6
BAI $9,018,287 1.34% up ×4
JMST $8,048,616 1.20% up ×6
AVEM $6,580,816 0.98% up ×3
SPYV $6,553,458 0.97% up ×5
BIL $5,588,390 0.83% up ×3
SHLD $5,239,563 0.78% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
QQQ $5,914,176 8,031 0.88%
IALT $2,821,845 100,601 0.42%
AMZN $1,413,595 5,931 0.21%
SPHQ $633,551 7,032 0.09%
AMD $601,242 1,035 0.09%
SNDK $391,082 172 0.06%
AVUV $371,726 2,980 0.06%
XLRE $319,428 7,255 0.05%
Unknown issuer (CUSIP: 09290C590) $314,155 12,263 0.05%
CGDV $309,259 6,276 0.05%
FWD $271,671 1,834 0.04%
PRN $270,474 1,037 0.04%
TSLA $269,605 641 0.04%
FFEB $265,263 4,350 0.04%
VFH $257,825 1,959 0.04%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Bought more +284K +$35.8M
SPY Bought more +17K +$14.6M
TFLO Trimmed -275K -$13.9M
JQUA Bought more +67K +$11.6M
DYNF Bought more +98K +$10.4M
JTEK Bought more +25K +$7.9M
SPYG Bought more +29K +$6.9M
IUSB Bought more +135K +$6.2M
USFR Trimmed -120K -$6.0M
SPDW Bought more +96K +$5.3M

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
HELO June 30, 2025 252,234 $15,053,343
IVW Dec. 31, 2025 88,005 $10,623,916 18.5%
IEI Dec. 31, 2025 73,035 $8,728,462
MBB Dec. 31, 2025 90,089 $8,571,958
IVE Dec. 31, 2025 41,412 $8,551,898
EFV Dec. 31, 2025 120,146 $8,149,483
IVV Dec. 31, 2025 8,832 $5,910,993
SCHZ Dec. 31, 2025 229,453 $5,385,251 -4.8%
IJH Dec. 31, 2025 74,670 $4,872,963 10.6%
TLH Dec. 31, 2025 34,702 $3,573,921
GLDM Dec. 31, 2025 44,138 $3,374,355 -3.4%
QQQ March 31, 2026 4,590 $2,819,728 29.0%
MSFT Dec. 31, 2025 4,762 $2,466,414 9.4%
IWB Dec. 31, 2025 6,325 $2,311,661
IWV Dec. 31, 2025 5,815 $2,203,499
VUG Dec. 31, 2025 3,808 $1,826,355 13.9%
IYW Dec. 31, 2025 8,088 $1,584,023 36.5%
DVY Dec. 31, 2025 10,418 $1,480,358
QQQM March 31, 2026 37,421 $1,315,364
MUB Dec. 31, 2025 11,884 $1,265,505
IDHQ Dec. 31, 2025 37,390 $1,258,175
SUB Dec. 31, 2025 11,550 $1,233,352
WFC Dec. 31, 2025 14,178 $1,188,400 -12.5%
AMZN March 31, 2026 4,733 $1,092,471 23.1%
SPUS Dec. 31, 2025 22,048 $1,089,392
WMT Dec. 31, 2025 9,989 $1,029,466 -3.8%
JNJ Dec. 31, 2025 5,526 $1,024,631 23.1%
ITOT Dec. 31, 2025 6,740 $981,677 13.1%
IWR Dec. 31, 2025 9,663 $932,945 13.9%
IJR Dec. 31, 2025 7,395 $878,693 15.1%
SGOV June 30, 2025 8,545 $860,225 0.0%
EFG Dec. 31, 2025 7,461 $849,688
SGOV Dec. 31, 2025 8,250 $830,775 0.3%
ACWV Dec. 31, 2025 6,896 $826,981
MCD Dec. 31, 2025 2,534 $770,063 -23.9%
CAT Dec. 31, 2025 1,587 $757,237 50.7%
IGEB March 31, 2026 16,024 $731,656
EMB Dec. 31, 2025 7,010 $667,257
SCHX Dec. 31, 2025 25,051 $659,838 12.9%
PG Dec. 31, 2025 4,063 $624,280 3.6%
VTI Dec. 31, 2025 1,789 $587,121 14.1%
SPSK Dec. 31, 2025 29,898 $552,515
CVX Dec. 31, 2025 3,537 $549,261 36.2%
PAAA June 30, 2025 10,655 $546,708
IJT Dec. 31, 2025 3,756 $531,408
VOT Dec. 31, 2025 1,766 $518,833
VIG Dec. 31, 2025 2,395 $516,817
LLY Dec. 31, 2025 643 $490,609 7.7%
VO Dec. 31, 2025 1,635 $480,265 11.6%
PEP Dec. 31, 2025 3,382 $474,911 -12.4%
CPB Dec. 31, 2025 14,808 $467,637 -31.8%
VOE Dec. 31, 2025 2,663 $464,907
TSLA Dec. 31, 2025 927 $412,255 -15.4%
IJK Dec. 31, 2025 4,272 $409,642 14.1%
IYF Dec. 31, 2025 3,200 $405,248 -1.4%
LOW Dec. 31, 2025 1,596 $401,091 -23.8%
HD Dec. 31, 2025 984 $398,707 -16.7%
MGK Dec. 31, 2025 980 $394,372 13.1%
EFA Dec. 31, 2025 4,185 $390,778
IBM Dec. 31, 2025 1,364 $384,866 -25.3%
IWF Dec. 31, 2025 800 $374,728 9.2%
V Dec. 31, 2025 973 $332,163 5.7%
DBEF Dec. 31, 2025 7,028 $326,247
IVOO Dec. 31, 2025 2,900 $320,102 12.0%
ECL Dec. 31, 2025 1,164 $318,804 7.0%
MUST Dec. 31, 2025 15,076 $309,510
GWW Dec. 31, 2025 304 $289,319 26.4%
TXN Dec. 31, 2025 1,558 $286,251 71.3%
KO Dec. 31, 2025 4,248 $281,713 23.3%
SCHG Dec. 31, 2025 8,553 $272,939 11.2%
IWM Dec. 31, 2025 1,118 $270,519 14.3%
VYM Dec. 31, 2025 1,907 $268,792
VOO Dec. 31, 2025 431 $264,164 14.2%
TDTT March 31, 2026 10,528 $253,304
ADP Dec. 31, 2025 839 $246,247 2.0%
VGK Sept. 30, 2025 3,155 $244,513
JPST June 30, 2025 4,714 $238,670
WM Dec. 31, 2025 1,079 $238,303 -5.4%
PLTR Dec. 31, 2025 1,302 $237,420 8.1%
HSY Dec. 31, 2025 1,256 $234,869 -11.6%
UNH June 30, 2025 447 $234,116 20.6%
IDU Dec. 31, 2025 2,085 $231,253 -3.1%
ICSH June 30, 2026 4,542 $229,916
QTEC Dec. 31, 2025 1,000 $229,610
BLOK March 31, 2026 4,000 $227,560
IYK Dec. 31, 2025 3,282 $224,456 7.6%
AGG Dec. 31, 2025 2,227 $223,240
CMCSA Sept. 30, 2025 6,107 $217,959 -31.4%
IGF Dec. 31, 2025 3,560 $217,587
EPD Dec. 31, 2025 6,925 $216,541 16.2%
CRM June 30, 2026 1,150 $214,695 43.6%
PAYX Sept. 30, 2025 1,473 $214,263 -20.3%
USB Dec. 31, 2025 4,412 $213,232 7.4%
DFGR Dec. 31, 2025 7,699 $210,260
TCAF March 31, 2026 5,470 $209,061
PFGC March 31, 2026 2,293 $206,187 9.5%
PM Sept. 30, 2025 1,130 $205,807 17.4%
WM June 30, 2026 893 $205,154 -6.7%
HDV June 30, 2026 1,495 $202,901 3.2%
PKW March 31, 2026 1,500 $201,480
DNL June 30, 2025 5,627 $200,723
GOVZ June 30, 2025 13,159 $135,143 -16.4%