Sector breakdown

04
Technology 4.3%
Communication Services 1.4%
Materials 1.1%
Retail 0.9%
Financials 0.9%
Industrials 0.4%
Healthcare 0.4%
Consumer products 0.3%
Energy 0.2%
Consumer Discretionary 0.1%
Consumer Staples 0.1%
Real Estate 0.0%
Utilities 0.0%
Other/Unmapped 89.9%

Full portfolio 268 positions

05
Type Streak 8Q trend
SPYM State Street SPDR Portfolio S&P 500 ETF $201,868,483 13.03% 2,297,092 $28,672,216 Up ×6
SPDW State Street SPDR Portfolio Developed World ex-US ETF $152,357,653 9.84% 3,023,569 $21,060,841 Up ×5
IVV iShares Trust $73,842,479 4.77% 98,603 $7,359,976 Down ×4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF $62,680,828 4.05% 927,780 $8,425,301 Up ×6
IEFA iShares Core MSCI EAFE ETF $47,828,589 3.09% 495,223 $3,667,539 Up ×2
SPYV State Street SPDR Portfolio S&P 500 Value ETF $42,870,457 2.77% 705,222 $2,606,718 Down ×2
RSP Invesco Exchange-Traded Fund Trust $40,993,973 2.65% 192,668 $3,625,005 Down ×1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $39,455,986 2.55% 684,168 $6,459,694 Up ×6
AGG iShares Trust $37,069,222 2.39% 374,512 $-1,725,981 Down ×1
FBND Fidelity Merrimack Street Trust $35,005,078 2.26% 769,512 $-23,282 Up ×5
FTEC FIDELITY COVINGTON TRUST $31,253,026 2.02% 109,437 $30,445,149 Up ×1
SPEM State Street SPDR Portfolio Emerging Markets ETF $31,094,609 2.01% 600,514 $4,272,317 Up ×5
IJH iShares Trust $28,822,513 1.86% 373,784 $2,351,756 Down ×4
SPYG State Street SPDR Portfolio S&P 500 Growth ETF $27,648,393 1.78% 232,359 $4,223,216 Down ×1
MSFT Microsoft Corporation - Common Stock $26,730,734 1.73% 71,660 $-14,657 Down ×6
FIDU Fidelity MSCI Industrials Index ETF $25,883,550 1.67% 259,849 $21,527,794 Up ×1
DGRO iShares Trust $23,430,710 1.51% 309,153 $1,347,172 Down ×2
MUB iShares Trust $19,767,822 1.28% 183,682 $270,152 Up ×3
IJR iShares Trust $19,386,851 1.25% 130,718 $2,455,055 Down ×4
QQQM Invesco NASDAQ 100 ETF $17,472,114 1.13% 57,669 $17,017,115 Up ×1
VOO Vanguard S&P 500 ETF $17,326,499 1.12% 25,228 $1,050,008 Down ×1
AAPL Apple Inc. - Common Stock $16,964,389 1.10% 58,627 $1,832,661 Down ×2
BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) $16,938,861 1.09% 203,323 $1,311,054 Down ×3
DBEF DBX ETF Trust $15,551,698 1.00% 284,673 $2,189,911 Up ×5
CGMS Capital Group Fixed Income ETF Trust $15,349,528 0.99% 561,637 $1,802,499 Up ×4
OEF iShares Trust $15,300,796 0.99% 41,820 $2,465,106 Up ×1
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund $13,762,193 0.89% 518,936 $292,709 Up ×2
BOND PIMCO Active Bond Exchange-Traded Fund Exchange-Traded Fund $13,378,843 0.86% 145,091 $29,466 Up ×5
GOOGL Alphabet Inc. - Class A Common Stock $13,327,617 0.86% 37,294 $2,610,065 Up ×1
IEMG iShares, Inc. $13,253,997 0.86% 159,995 $2,089,988 Down ×4
TOTL State Street DoubleLine Total Return Tactical ETF $12,756,061 0.82% 323,184 $56,618 Up ×5
VGLT Vanguard Long-Term Treasury ETF $10,488,221 0.68% 190,073 $66,016 Up ×2
AMZN Amazon.com, Inc. - Common Stock $9,808,852 0.63% 41,155 $1,225,837 Down ×1
MMIT New York Life Investments Active ETF Trust $9,528,509 0.62% 391,315 $371,865 Up ×6
NVDA NVIDIA Corporation - Common Stock $8,996,767 0.58% 44,964 $1,365,282 Up ×1
VPLS Vanguard Core Plus Bond ETF $8,761,309 0.57% 112,939 $1,223,238 Up ×4
CGDV Capital Group Dividend Value ETF $8,705,495 0.56% 176,654 $1,613,526 Up ×2
QQQ Invesco QQQ Trust, Series 1 $8,704,085 0.56% 11,820 $1,733,773 Down ×6
FENI Fidelity Covington Trust $8,413,338 0.54% 209,652 $1,243,183 Up ×6
SPAB State Street SPDR Portfolio Aggregate Bond ETF $7,876,476 0.51% 308,639 $532,430 Up ×6
VXF Vanguard Extended Market ETF $7,451,214 0.48% 30,264 $1,047,968 Down ×4
VUG Vanguard Morningstar Growth ETF $7,362,615 0.48% 85,473 $411,073 Up ×2
TFLR T. Rowe Price Floating Rate ETF $7,326,589 0.47% 145,340 $2,696,843 Up ×1
IVE iShares Trust $7,291,030 0.47% 32,111 $495,432 Down ×2
QLTY GMO ETF Trust $7,036,357 0.45% 169,062 $1,995,658 Up ×3
SPMO Invesco S&P 500 Momentum ETF $6,925,543 0.45% 42,872 $2,090,239 Down ×1
VTV Vanguard Morningstar Value ETF $6,864,892 0.44% 31,500 $363,325 Down ×1
CGMU Capital Group Fixed Income ETF Trust $6,517,244 0.42% 237,250 $3,867,520 Up ×4
IAUM iShares Gold Trust Micro Shares $5,825,245 0.38% 145,595 $-428,574 Up ×1
ITA iShares U.S. Aerospace & Defense ETF $5,750,773 0.37% 23,722 $929,232 Up ×1
XSD SPDR SERIES TRUST $5,616,173 0.36% 9,005 $5,306,931 Up ×1
AVUS AMERICAN CENTURY ETF TRUST $5,559,068 0.36% 43,403 $1,015,471 Up ×5
SPHY State Street SPDR Portfolio High Yield Bond ETF $5,502,095 0.36% 234,731 $1,021,562 Up ×2
CGIC Capital Group International Core Equity ETF $5,435,688 0.35% 149,373 $-68,401 Down ×1
VTI Vanguard Morningstar Total Stock Market ETF $5,331,612 0.34% 14,408 $540,315 Down ×2
XTN SPDR SERIES TRUST $5,054,277 0.33% 43,707 Up ×1
XMMO Invesco Exchange-Traded Fund Trust $5,026,446 0.32% 29,543 $1,422,699 Up ×1
IGV iShares Expanded Tech-Software Sector ETF $4,952,069 0.32% 54,659
VTEB Vanguard Tax-Exempt Bond ETF $4,485,553 0.29% 88,682 $359,823 Up ×3
CL Colgate-Palmolive Company Common Stock $4,441,903 0.29% 48,450 $16,219 Down ×6
NULV Nushares ETF Trust $4,287,685 0.28% 85,771 $291,954 Down ×3
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund $3,808,089 0.25% 169,198 $975,314 Up ×4
VCSH Vanguard Short-Term Corporate Bond ETF $3,650,107 0.24% 46,186 $214,792 Up ×3
JPM JP Morgan Chase & Co. Common Stock $3,593,484 0.23% 10,978 $266,699 Down ×4
FLQM Franklin U.S. Mid Cap Multifactor Index ETF $3,298,732 0.21% 56,988 $62,576 Down ×1
BALT Innovator Defined Wealth Shield ETF $2,990,160 0.19% 87,253 $109,694 Up ×3
ITM VanEck ETF Trust $2,889,591 0.19% 61,494 $9,017 Down ×2
VYM Vanguard High Dividend Yield ETF $2,842,286 0.18% 17,986 $203,665 Up ×1
GBIL Goldman Sachs ETF Trust $2,740,220 0.18% 27,358 $109,277 Up ×4
DYNF BlackRock ETF Trust $2,649,398 0.17% 38,956 Up ×1
JEPI JPMorgan Equity Premium Income ETF $2,600,521 0.17% 46,043 $-1,072,240 Down ×2
ESGD iShares ESG Aware MSCI EAFE ETF $2,396,913 0.15% 23,314 $518,394 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $2,395,702 0.15% 6,780 $441,382 Down ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF $2,363,520 0.15% 28,597 $207,816 Up ×6
IXUS iShares Core MSCI Total International Stock ETF $2,320,817 0.15% 24,317 $296,676 Up ×2
Unknown issuer (CUSIP: 30233Q108) $2,261,022 0.15% 16,538 Up ×1
VNLA Janus Henderson Short Duration Income ETF $2,212,341 0.14% 45,275 $214,088 Up ×5
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $2,172,944 0.14% 4,343 $653,161 Up ×1
TCAF T. Rowe Price Capital Appreciation Equity ETF $2,163,162 0.14% 52,632 $596,929 Up ×3
IBD Inspire Corporate Bond ETF $2,162,718 0.14% 90,985 $136,666 Up ×6
CGBL Capital Group Core Balanced ETF $2,144,570 0.14% 56,496 $583,683 Up ×5
MU Micron Technology, Inc. - Common Stock $2,133,346 0.14% 1,848 $1,314,509 Down ×2
DSI iShares Trust $2,132,624 0.14% 14,977 $161,535 Down ×3
CGUS Capital Group Core Equity ETF $2,121,327 0.14% 47,692 $686,159 Up ×5
QYLD Global X NASDAQ 100 Covered Call ETF $2,088,321 0.13% 113,311 $177,954 Up ×1
CORO iShares International Country Rotation Active ETF $1,986,685 0.13% 54,281 Up ×1
IAU iShares Gold Trust Shares $1,977,078 0.13% 26,183 $-381,555 Down ×6
HGER Harbor Commodity All-Weather Strategy ETF $1,939,260 0.13% 66,096 $879,211 Up ×6
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $1,826,058 0.12% 64,320 $35,406 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,759,344 0.11% 3,029 $1,131,559 Down ×2
CGHM Capital Group Fixed Income ETF Trust $1,757,468 0.11% 67,987 $95,011 Up ×4
META Meta Platforms, Inc. - Class A Common Stock $1,750,403 0.11% 3,107 $-16,749 Up ×2
CGGR Capital Group Growth ETF $1,750,390 0.11% 37,085 $607,696 Up ×4
SPTS State Street SPDR Portfolio Short Term Treasury ETF $1,686,577 0.11% 58,138 $182,564 Up ×3
PTL Inspire 500 ETF $1,685,981 0.11% 5,893 $319,203 Up ×1
FNDA SCHWAB STRATEGIC TRUST $1,667,573 0.11% 43,814 $77,658 Down ×4
USHY iShares Broad USD High Yield Corporate Bond ETF $1,634,634 0.11% 44,155 $121,148 Up ×2
AVLV AMERICAN CENTURY ETF TRUST $1,631,572 0.11% 17,888 $343,018 Up ×3
GSLC Goldman Sachs ETF Trust $1,602,139 0.10% 11,291 $169,590 Down ×1
CAT Caterpillar, Inc. Common Stock $1,594,830 0.10% 1,498 $384,414 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
SPYM $201,868,483 13.03% up ×6
SPDW $152,357,653 9.84% up ×5
SPMD $62,680,828 4.05% up ×6
SPSM $39,455,986 2.55% up ×6
FBND $35,005,078 2.26% up ×5
SPEM $31,094,609 2.01% up ×5
MUB $19,767,822 1.28% up ×3
DBEF $15,551,698 1.00% up ×5
CGMS $15,349,528 0.99% up ×4
BOND $13,378,843 0.86% up ×5
TOTL $12,756,061 0.82% up ×5
MMIT $9,528,509 0.62% up ×6
VPLS $8,761,309 0.57% up ×4
FENI $8,413,338 0.54% up ×6
SPAB $7,876,476 0.51% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XTN $5,054,277 43,707 0.33%
IGV $4,952,069 54,659 0.32%
DYNF $2,649,398 38,956 0.17%
Unknown issuer (CUSIP: 30233Q108) $2,261,022 16,538 0.15%
CORO $1,986,685 54,281 0.13%
CRWD $453,305 594 0.03%
MRVL $362,720 1,218 0.02%
ANET $357,619 2,105 0.02%
FMAT $341,019 5,828 0.02%
TXN $285,256 957 0.02%
WMB $273,917 3,685 0.02%
IWB $267,362 653 0.02%
SCHZ $261,773 11,317 0.02%
CMF $260,351 4,517 0.02%
AMGN $259,162 716 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPYM Bought more +34K +$28.7M
SPDW Bought more +147K +$21.1M
SPMD Bought more +12K +$8.4M
IVV Trimmed -3K +$7.4M
SPSM Bought more +1K +$6.5M
SPEM Bought more +29K +$4.3M
SPYG Trimmed -7K +$4.2M
CGMU Bought more +140K +$3.9M
IEFA Bought more +7K +$3.7M
RSP Trimmed -2K +$3.6M

5 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
FCOM June 30, 2026 317,719 $21,643,018
USMV Sept. 30, 2025 46,495 $4,364,529
XOP June 30, 2026 23,610 $4,293,090
XES June 30, 2026 36,361 $4,229,852
KCE March 31, 2026 27,357 $4,101,554
JMUB June 30, 2026 81,712 $4,084,783
IGV Sept. 30, 2025 33,738 $3,694,311 -4.6%
JPIE March 31, 2026 76,295 $3,531,696
GDE March 31, 2026 54,369 $3,350,218
BIL Sept. 30, 2025 35,129 $3,222,383
KIE Sept. 30, 2025 52,861 $3,157,918 0.4%
KBE June 30, 2025 55,878 $2,959,293 15.0%
XOM June 30, 2026 16,126 $2,735,972 20.0%
IEF Sept. 30, 2025 10,259 $982,533
TLH Sept. 30, 2025 8,514 $864,989
IEI Sept. 30, 2025 6,085 $724,707
TLT June 30, 2025 7,339 $668,045
TLH March 31, 2026 6,192 $629,515
TLT March 31, 2026 7,193 $626,951
COIN Dec. 31, 2025 1,747 $589,595 -16.8%
PGR Sept. 30, 2025 2,044 $545,463 -13.9%
CRWD Sept. 30, 2025 1,019 $518,987 -44.4%
PLTR March 31, 2026 2,887 $513,164 29.5%
FIXD Sept. 30, 2025 11,343 $497,827
IGOV Sept. 30, 2025 11,540 $497,374
WBD Dec. 31, 2025 24,968 $487,625 7.4%
DJAN Dec. 31, 2025 11,340 $477,923
NOW Sept. 30, 2025 430 $442,074 -26.1%
FNCL March 31, 2026 5,597 $435,096
UCON Sept. 30, 2025 17,159 $427,096
HON June 30, 2026 1,808 $408,733 -4.4%
MS Sept. 30, 2025 2,875 $404,998 19.6%
KTOS Dec. 31, 2025 4,207 $384,394 -44.6%
MSTR Sept. 30, 2025 912 $368,658 -49.0%
KKR Dec. 31, 2025 2,762 $358,866 -29.4%
AJG Sept. 30, 2025 1,055 $337,591 -26.6%
FMAT March 31, 2026 6,189 $328,678
APP March 31, 2026 474 $319,391 -29.2%
MRCY Dec. 31, 2025 4,089 $316,489 13.6%
DFS June 30, 2025 1,848 $315,530 No longer tracked
ACHR Sept. 30, 2025 29,043 $315,117 -50.7%
MTUM Sept. 30, 2025 1,271 $305,564
HWM Dec. 31, 2025 1,555 $305,091 12.0%
RBLX Dec. 31, 2025 2,190 $303,359 -45.0%
PIPR Dec. 31, 2025 873 $302,782 -22.7%
TKO Dec. 31, 2025 1,495 $301,945 -15.3%
AFL Sept. 30, 2025 2,856 $301,152 0.6%
TTWO Dec. 31, 2025 1,164 $300,731 -20.5%
RKLB Dec. 31, 2025 6,190 $296,563 4.7%
SNEX Dec. 31, 2025 2,937 $296,402 6.3%
VIRT Sept. 30, 2025 6,423 $287,675 77.1%
AXON Dec. 31, 2025 396 $284,185 -27.5%
PJT Dec. 31, 2025 1,595 $283,460 -17.5%
LYV Dec. 31, 2025 1,706 $278,760 19.8%
VCTR Sept. 30, 2025 4,375 $278,537 78.0%
ARES Sept. 30, 2025 1,577 $273,159 -26.7%
MCK June 30, 2026 312 $269,992 21.2%
UNP Dec. 31, 2025 1,137 $268,800 19.8%
EOG Sept. 30, 2025 2,210 $264,373 28.5%
RYAN Sept. 30, 2025 3,877 $263,621 -32.6%
CNO Sept. 30, 2025 6,792 $262,016 36.6%
TGI Sept. 30, 2025 10,104 $260,178 No longer tracked
STEP Sept. 30, 2025 4,685 $260,012 -29.4%
VOE Dec. 31, 2025 1,478 $258,103
UNM Sept. 30, 2025 3,130 $252,814 15.6%
UNH June 30, 2025 479 $250,820 21.4%
BMY June 30, 2025 4,000 $243,936 27.0%
FBP June 30, 2025 12,539 $240,364 30.1%
HLNE Sept. 30, 2025 1,671 $237,483 -35.2%
DHR March 31, 2026 1,037 $237,309 16.7%
FICO June 30, 2025 128 $236,052 -62.3%
FIDU June 30, 2025 3,415 $233,819
PM Dec. 31, 2025 1,412 $229,057 18.2%
FTNT Sept. 30, 2025 2,133 $225,501 119.0%
PNFP June 30, 2025 2,114 $224,219 -13.0%
TSN June 30, 2026 3,497 $224,073 -9.7%
HOOD March 31, 2026 1,978 $223,712 64.7%
JXN June 30, 2025 2,670 $223,705 50.7%
AMGN March 31, 2026 678 $221,808 14.5%
TMUS Dec. 31, 2025 925 $221,533 -18.9%
IWS Dec. 31, 2025 1,574 $219,811 16.2%
AX June 30, 2025 3,396 $219,110 16.4%
WAL June 30, 2025 2,850 $218,990 -2.5%
ABCB June 30, 2025 3,780 $217,597 24.3%
FDX June 30, 2026 601 $213,898 -7.7%
NEM June 30, 2026 1,953 $211,396 24.0%
NEE March 31, 2026 2,629 $211,085 -17.9%
IBKR March 31, 2026 3,278 $210,795 32.8%
AMP March 31, 2026 427 $209,178 11.4%
SYK Dec. 31, 2025 565 $208,864 -18.8%
CMCSA March 31, 2026 6,909 $206,496 -24.9%
MET March 31, 2026 2,614 $206,337 37.0%
BA March 31, 2026 945 $205,132 -3.2%
WY June 30, 2025 7,005 $205,116 -28.0%
TPG June 30, 2025 4,297 $203,827 -15.2%
PIPR June 30, 2025 823 $203,798 -5.5%
IDXX March 31, 2026 300 $202,959 -6.2%
ADP Sept. 30, 2025 656 $202,412 -11.3%
MDT June 30, 2026 2,326 $201,587 12.5%
ANET June 30, 2025 2,585 $200,286 102.2%
APH June 30, 2026 1,585 $200,217 -50.5%
F March 31, 2026 12,673 $166,269 5.3%
F June 30, 2025 10,108 $101,379 12.0%
UONEK March 31, 2026 13,075 $11,231 -36.9%