Sector breakdown

04
Technology 4.3%
Communication Services 1.3%
Financials 0.7%
Retail 0.6%
Consumer Discretionary 0.3%
Healthcare 0.3%
Other/Unmapped 92.6%

Full portfolio 57 positions

05
Type Streak 8Q trend
VOO Vanguard S&P 500 ETF $15,581,201 12.86% 22,686 $2,787,999 Up ×6
MUB iShares Trust $13,296,021 10.98% 123,546 $-55,314 Down ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $8,953,581 7.39% 108,331 $216,627 Up ×6
BND Vanguard Total Bond Market ETF $7,463,962 6.16% 101,675 $316,813 Up ×6
VTEB Vanguard Tax-Exempt Bond ETF $5,208,728 4.30% 102,980 $541,269 Up ×1
IJR iShares Trust $4,877,307 4.03% 32,886 $1,038,227 Up ×1
AVDE AMERICAN CENTURY ETF TRUST $4,855,780 4.01% 54,437 $836,400 Up ×2
VONV Vanguard Russell 1000 Value ETF $4,777,175 3.94% 44,936 $595,408 Up ×2
AVEM AMERICAN CENTURY ETF TRUST $4,518,820 3.73% 46,832 $889,577 Up ×1
SPHY State Street SPDR Portfolio High Yield Bond ETF $4,260,548 3.52% 181,764 $307,015 Up ×1
VEA Vanguard FTSE Developed Markets ETF $4,122,311 3.40% 57,857 $402,595 Down ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $3,196,311 2.64% 33,143 $292,371 Up ×6
IEMG iShares, Inc. $2,903,128 2.40% 35,045 $452,601 Down ×4
VCSH Vanguard Short-Term Corporate Bond ETF $2,847,233 2.35% 36,027 $-73,268 Down ×1
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $2,515,590 2.08% 75,182 $319,860 Up ×1
VONE Vanguard Russell 1000 ETF $1,940,527 1.60% 5,729 $237,685 Down ×1
VWOB Vanguard Emerging Markets Government Bond ETF $1,701,575 1.40% 25,306 $89,411 Up ×2
AVDV AMERICAN CENTURY ETF TRUST $1,665,288 1.37% 16,160 $127,244 Up ×1
DFIV Dimensional ETF Trust $1,664,302 1.37% 30,809 $17,091 Down ×3
DFUV Dimensional ETF Trust $1,637,373 1.35% 29,765 $194,961
IWF iShares Russell 1000 Growth Fund $1,550,635 1.28% 12,488 $219,414 Up ×1
DFAS Dimensional ETF Trust $1,540,170 1.27% 18,705 $36,126 Down ×1
SCHF SCHWAB STRATEGIC TRUST $1,479,679 1.22% 53,418 $157,583
NVDA NVIDIA Corporation - Common Stock $1,398,829 1.15% 6,991 $180,122 Up ×1
AAPL Apple Inc. - Common Stock $1,355,941 1.12% 4,686 $162,874 Down ×1
DFAT Dimensional ETF Trust $1,348,234 1.11% 19,288 $-282,525 Down ×5
IVW iShares S&P 500 Growth ETF $1,013,321 0.84% 7,368 $179,927
MSFT Microsoft Corporation - Common Stock $851,232 0.70% 2,282 $6,504
AGG iShares Trust $833,115 0.69% 8,417 $33,297 Up ×3
AVUV AMERICAN CENTURY ETF TRUST $831,900 0.69% 6,668 $539,155 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $731,536 0.60% 2,047 $142,901
VOOV Vanguard S&P 500 Value ETF $726,243 0.60% 3,313 $1,158 Down ×1
IDEV iShares Core MSCI International Developed Markets ETF $708,520 0.58% 7,960 $43,303
AMZN Amazon.com, Inc. - Common Stock $676,409 0.56% 2,838 $85,339
VCEB Vanguard ESG U.S. Corporate Bond ETF $564,840 0.47% 9,000 $40,838 Up ×1
FLMI Franklin Templeton ETF Trust $564,337 0.47% 22,421 $21,362 Up ×2
EFIV SPDR SERIES TRUST $557,915 0.46% 7,650 $-6,655 Down ×1
AVGO Broadcom Inc. - Common Stock $509,585 0.42% 1,349 $91,437 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $466,749 0.39% 1,321 $94,405 Up ×2
MU Micron Technology, Inc. - Common Stock $391,304 0.32% 339 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $390,360 0.32% 693 $-6,126
AVSD AMERICAN CENTURY ETF TRUST $383,046 0.32% 4,795 $-7,283 Down ×1
CMF iShares Trust $368,896 0.30% 6,400 $-3,537 Down ×4
TSLA Tesla, Inc. - Common Stock $362,978 0.30% 863 $42,158
IWD iShares Russell 1000 Value ETF $345,220 0.28% 1,424 $40,954
LLY Eli Lilly and Company Common Stock $332,242 0.27% 277 $77,466
AMD Advanced Micro Devices, Inc. - Common Stock $311,368 0.26% 536 Up ×1
DFSU Dimensional ETF Trust $307,758 0.25% 6,600 $36,564
JPM JP Morgan Chase & Co. Common Stock $307,363 0.25% 939 $31,147
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $286,223 0.24% 572 $11,641 Down ×1
IEFA iShares Core MSCI EAFE ETF $269,646 0.22% 2,792 Up ×1
XLK SELECT SECTOR SPDR TRUST $249,200 0.21% 1,308 Up ×1
GUNR FlexShares Trust $247,139 0.20% 5,015 $-29,488
LRCX Lam Research Corporation - Common Stock $242,665 0.20% 560 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $242,344 0.20% 4,624 Up ×1
AMAT Applied Materials, Inc. - Common Stock $205,332 0.17% 284 Up ×1
V Visa Inc. $201,737 0.17% 588

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
VOO $15,581,201 12.86% up ×6
VCIT $8,953,581 7.39% up ×6
BND $7,463,962 6.16% up ×6
EMB $3,196,311 2.64% up ×6
AGG $833,115 0.69% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MU $391,304 339 0.32%
AMD $311,368 536 0.26%
IEFA $269,646 2,792 0.22%
XLK $249,200 1,308 0.21%
LRCX $242,665 560 0.20%
IGSB $242,344 4,624 0.20%
AMAT $205,332 284 0.17%
V $201,737 588 0.17%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VOO Bought more +1K +$2.8M
IJR Bought more +2K +$1.0M
AVEM Bought more +2K +$890K
AVDE Bought more +7K +$836K
VONV Bought more +326 +$595K
VTEB Bought more +9K +$541K
AVUV Bought more +4K +$539K
IEMG Trimmed -88 +$453K
VEA Trimmed -191 +$403K
SPIB Bought more +10K +$320K

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
NIC Dec. 31, 2025 5,250 $706,125 35.7%
PWZ June 30, 2025 27,838 $663,936
CEG Dec. 31, 2025 1,654 $544,159 -24.2%
WTRG Dec. 31, 2025 10,137 $404,470 0.8%
ESGD Sept. 30, 2025 4,000 $356,880
VZ Dec. 31, 2025 7,991 $351,202 12.6%
NFLX Dec. 31, 2025 246 $294,935 -28.0%
COST Dec. 31, 2025 280 $259,176 7.1%
FTS Dec. 31, 2025 4,293 $217,827 1.2%
WMT Dec. 31, 2025 2,001 $206,223 -5.7%
V March 31, 2026 588 $206,217 22.3%
EXC June 30, 2025 4,425 $203,904 -6.0%