Sector breakdown

04
Technology 6.6%
Financials 2.3%
Communication Services 2.0%
Industrials 1.9%
Healthcare 1.4%
Retail 1.2%
Consumer Discretionary 0.8%
Energy 0.7%
Utilities 0.7%
Consumer Staples 0.4%
Real Estate 0.4%
Consumer products 0.3%
Materials 0.3%
Other/Unmapped 80.9%

Full portfolio 1,119 positions

05
Type Streak 8Q trend
VTI VANGUARD INDEX FUNDS $6,770,907,824 13.01% 18,297,773 $1,006,130,205 Up ×1
VEA VANGUARD TAX-MANAGED FUNDS $4,148,211,409 7.97% 58,220,511 $451,630,777 Up ×1
IEMG iShares, Inc. $3,364,991,706 6.47% 40,620,373 $527,129,555 Down ×1
SCHF SCHWAB STRATEGIC TRUST $3,234,930,365 6.22% 116,784,490 $355,563,879 Up ×5
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS $2,776,848,107 5.34% 46,521,161 $294,782,063 Up ×1
ITOT iShares Trust $2,461,971,844 4.73% 14,987,349 $414,756,160 Up ×3
VIG VANGUARD SPECIALIZED FUNDS $2,241,221,716 4.31% 9,471,819 $306,295,432 Up ×1
SCHB SCHWAB STRATEGIC TRUST $1,489,557,861 2.86% 51,435,009 $170,398,797 Down ×6
LQD iShares Trust $1,356,330,479 2.61% 12,435,413 $186,340,578 Up ×1
DGRO iShares Trust $1,344,485,503 2.58% 17,739,616 $121,549,747 Up ×4
VTEB VANGUARD MUNICIPAL BOND FUNDS $1,319,299,332 2.54% 26,083,419 $76,351,891 Up ×4
VNQ VANGUARD SPECIALIZED FUNDS $980,101,688 1.88% 10,163,867 $86,876,729 Up ×6
SCHP SCHWAB STRATEGIC TRUST $935,259,182 1.80% 35,292,799 $24,001,358 Up ×1
NVDA NVIDIA Corporation - Common Stock $880,559,500 1.69% 4,400,817 $119,518,686 Up ×6
VXF VANGUARD INDEX FUNDS $849,499,753 1.63% 3,450,306 $166,619,411 Up ×1
VOO VANGUARD INDEX FUNDS $606,697,048 1.17% 883,355 $92,116,268 Up ×6
VB VANGUARD INDEX FUNDS $519,854,437 1.00% 1,715,012 $75,464,988 Up ×5
MUB iShares Trust $489,916,158 0.94% 4,552,278 $18,316,759 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $488,836,738 0.94% 5,914,540 $-70,722,831 Down ×1
AAPL Apple Inc. - Common Stock $482,387,716 0.93% 1,667,085 $79,721,457 Up ×4
ESGU iShares ESG Aware MSCI USA ETF $449,770,548 0.86% 2,748,033 $75,545,368 Up ×6
PWZ Invesco Exchange-Traded Fund Trust II $428,510,217 0.82% 17,483,077 $12,915,400 Up ×1
CMF iShares Trust $419,407,291 0.81% 7,276,324 $66,891,155 Up ×3
SCHD SCHWAB STRATEGIC TRUST $400,155,086 0.77% 12,619,208 $7,210,493 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $312,597,136 0.60% 874,716 $69,129,384 Up ×6
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $308,277,183 0.59% 6,137,312 $65,768,406 Up ×3
AMZN Amazon.com, Inc. - Common Stock $305,406,493 0.59% 1,281,390 $49,076,941 Up ×6
MSFT Microsoft Corporation - Common Stock $294,724,594 0.57% 790,104 $4,467,264 Up ×1
VV VANGUARD INDEX FUNDS $252,467,770 0.49% 734,110 $31,750,608 Down ×1
AVGO Broadcom Inc. - Common Stock $247,223,201 0.48% 654,462 $50,630,806 Up ×6
ESGV VANGUARD WORLD FUND $240,560,164 0.46% 1,819,118 $39,584,739 Up ×3
SHV iShares 0-1 Year Treasury Bond ETF $235,444,195 0.45% 2,133,613 $9,361,170 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $231,492,629 0.44% 655,174 $50,826,480 Up ×6
MU Micron Technology, Inc. - Common Stock $212,235,790 0.41% 183,867 $156,552,663 Up ×4
AMD Advanced Micro Devices, Inc. - Common Stock $193,070,667 0.37% 332,359 $127,845,110 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $189,558,914 0.36% 336,521 $-3,006,313 Down ×1
VWOB Vanguard Emerging Markets Government Bond ETF $180,627,173 0.35% 2,686,305 $6,655,159 Up ×1
TSLA Tesla, Inc. - Common Stock $176,241,817 0.34% 419,025 $19,201,298 Down ×1
SPY SPY $173,989,513 0.33% 232,989 $14,975,903 Down ×2
FLRN SPDR SERIES TRUST $156,333,177 0.30% 5,067,526 $-7,391,891 Down ×1
LLY Eli Lilly and Company Common Stock $146,705,574 0.28% 122,313 $38,671,229 Up ×4
ESGE iShares ESG Aware MSCI EM ETF $137,650,978 0.26% 2,516,931 $23,770,272 Up ×1
BND Vanguard Total Bond Market ETF $134,886,103 0.26% 1,837,435 $7,215,036 Up ×1
QQQ Invesco QQQ Trust, Series 1 $134,791,392 0.26% 183,041 $30,747,771 Up ×1
ESGD iShares ESG Aware MSCI EAFE ETF $131,993,158 0.25% 1,283,855 $16,434,284 Up ×1
XLE SELECT SECTOR SPDR TRUST $128,073,278 0.25% 2,411,472 $-24,065,993 Down ×1
JPM JP Morgan Chase & Co. Common Stock $122,063,976 0.23% 372,908 $13,299,787 Up ×6
VDE VANGUARD WORLD FUND $119,693,394 0.23% 797,265 $-20,062,362 Down ×6
SGOV iShares Trust $117,500,917 0.23% 1,167,189 $17,591,740 Up ×6
FLTR VanEck ETF Trust $116,649,145 0.22% 4,554,828 $374,248 Down ×4
SHYG iShares Trust $113,719,955 0.22% 2,681,442 $31,980,801 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $106,383,414 0.20% 212,601 $3,024,287 Down ×1
SUSC iShares ESG Aware USD Corporate Bond ETF $103,717,228 0.20% 4,479,955 $19,726,544 Up ×1
AMAT Applied Materials, Inc. - Common Stock $97,400,391 0.19% 134,717 $52,768,769 Up ×3
SJNK SPDR SERIES TRUST $95,344,752 0.18% 3,809,219 $-38,680,092 Down ×1
INTC Intel Corporation - Common Stock $95,181,345 0.18% 681,668 $69,142,040 Up ×4
QQQM Invesco NASDAQ 100 ETF $89,039,853 0.17% 293,890 $27,352,038 Up ×6
JNJ Johnson & Johnson Common Stock $85,634,113 0.16% 337,182 $1,299,624 Down ×1
LRCX Lam Research Corporation - Common Stock $83,994,521 0.16% 193,835 $44,214,661 Up ×4
CAT Caterpillar, Inc. Common Stock $81,443,552 0.16% 76,480 $28,476,249 Up ×6
SMH SMH $77,720,341 0.15% 118,496 $40,004,900 Up ×5
SHY iShares 1-3 Year Treasury Bond ETF $74,787,677 0.14% 910,823 $-9,002,542 Down ×1
ONEQ Fidelity Nasdaq Composite Index ETF $73,412,851 0.14% 711,227 $14,830,385 Up ×3
XOM Exxon Mobil Corporation Common Stock $72,371,228 0.14% 529,339 $-12,535,967 Up ×3
SCHO SCHWAB STRATEGIC TRUST $71,945,021 0.14% 2,980,324 $-345,455 Up ×1
GBIL Goldman Sachs ETF Trust $70,709,154 0.14% 705,962 $-20,612,428 Down ×2
WMT Walmart Inc. - Common Stock $70,299,349 0.14% 620,690 $-9,428,135 Down ×1
V Visa Inc. $68,499,261 0.13% 199,654 $9,517,151 Up ×2
NUDM Nushares ETF Trust $65,900,694 0.13% 1,646,694 $6,766,308 Up ×5
SNDK Sandisk Corporation - Common Stock $65,643,404 0.13% 28,870 $51,620,815 Up ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $62,407,833 0.12% 534,909 $-20,146,894 Down ×1
VXUS Vanguard Total International Stock ETF $61,985,636 0.12% 725,063 $15,064,741 Up ×6
KLAC KLA Corporation - Common Stock $60,958,997 0.12% 202,045 $32,806,518 Up ×6
GE GE Aerospace Common Stock $58,956,281 0.11% 157,751 $14,115,513 Down ×1
COST Costco Wholesale Corporation - Common Stock $58,730,678 0.11% 62,782 $-7,268,859 Down ×1
IBIT iShares Bitcoin Trust ETF $58,612,039 0.11% 1,760,650 $2,498,438 Up ×4
BAC Bank of America Corporation Common Stock $56,700,171 0.11% 995,089 $11,504,729 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $56,371,168 0.11% 479,918 $21,262,236 Up ×4
MA Mastercard Incorporated Common Stock $55,036,831 0.11% 107,159 $1,054,095 Down ×1
VUG VANGUARD INDEX FUNDS $54,942,114 0.11% 637,823 $10,247,372 Up ×1
NFLX Netflix, Inc. - Common Stock $54,915,739 0.11% 769,128 $-21,794,173 Down ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $53,719,929 0.10% 53,116 $9,446,734 Up ×6
IWB iShares Trust $52,816,901 0.10% 128,979 $6,762,185 Down ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $51,524,170 0.10% 53,393 $31,015,534 Up ×4
USHY iShares Trust $50,147,884 0.10% 1,354,616 $6,421,604 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $49,330,856 0.09% 118,689 $22,595,386 Up ×4
ABBV AbbVie Inc. Common Stock $47,933,394 0.09% 190,484 $8,147,078 Up ×4
GEV GE Vernova Inc. Common Stock $47,706,365 0.09% 40,606 $13,134,288 Up ×6
HYLB DBX ETF Trust $45,943,840 0.09% 1,258,046 $-9,581,214 Down ×1
XLK SELECT SECTOR SPDR TRUST $42,446,332 0.08% 222,792 $12,334,780 Down ×1
HD Home Depot, Inc. (The) Common Stock $41,989,728 0.08% 119,059 $1,826,010 Down ×1
GLTR abrdn Physical Precious Metals Basket Shares ETF $41,538,963 0.08% 229,307 $861,636 Up ×3
GLD SPDR Gold Shares $41,485,114 0.08% 112,615 $-12,689,688 Down ×3
CVX Chevron Corporation Common Stock $41,018,141 0.08% 247,455 $-8,514,754 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $40,819,169 0.08% 317,659 $3,375,418 Up ×5
KO Coca-Cola Company (The) Common Stock $40,789,494 0.08% 501,901 $5,432,404 Up ×3
PG Procter & Gamble Company (The) Common Stock $39,180,153 0.08% 267,186 $3,074,777 Up ×2
SOXX iShares Trust $39,159,407 0.08% 61,114 $23,271,325 Up ×4
MS Morgan Stanley Common Stock $38,585,857 0.07% 184,586 $9,510,781 Up ×6
PM Philip Morris International Inc Common Stock $38,120,993 0.07% 210,718 $5,057,953 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
SCHF $3,234,930,365 6.22% up ×5
ITOT $2,461,971,844 4.73% up ×3
DGRO $1,344,485,503 2.58% up ×4
VTEB $1,319,299,332 2.54% up ×4
VNQ $980,101,688 1.88% up ×6
NVDA $880,559,500 1.69% up ×6
VOO $606,697,048 1.17% up ×6
VB $519,854,437 1.00% up ×5
AAPL $482,387,716 0.93% up ×4
ESGU $449,770,548 0.86% up ×6
CMF $419,407,291 0.81% up ×3
GOOGL $312,597,136 0.60% up ×6
VTIP $308,277,183 0.59% up ×3
AMZN $305,406,493 0.59% up ×6
AVGO $247,223,201 0.48% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 43849R105) $12,036,515 54,444 0.02%
Unknown issuer (CUSIP: 84615Q103) $9,953,791 58,257 0.02%
Unknown issuer (CUSIP: 438516205) $9,807,527 43,803 0.02%
Unknown issuer (CUSIP: G2004J103) $4,180,734 146,333 0.01%
Unknown issuer (CUSIP: 314352105) $2,143,143 14,193 0.00%
VG $2,108,233 189,419 0.00%
Unknown issuer (CUSIP: 26614N201) $1,964,814 14,486 0.00%
CRS $585,381 949 0.00%
FLEX $565,462 3,489 0.00%
CASY $485,617 611 0.00%
ENS $466,939 1,997 0.00%
IESC $459,897 626 0.00%
KVYO $415,718 27,531 0.00%
SEZL $395,950 2,307 0.00%
PFF $372,923 12,231 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
VTI Bought more +328K +$1.0B
IEMG Trimmed -66K +$527.1M
VEA Bought more +534K +$451.6M
ITOT Bought more +614K +$414.8M
SCHF Bought more +446K +$355.6M
VIG Bought more +475K +$306.3M
VWO Bought more +599K +$294.8M
LQD Bought more +1.7M +$186.3M
SCHB Trimmed -1.1M +$170.4M
VXF Bought more +132K +$166.6M

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
HON June 30, 2026 89,071 $20,132,718 -4.4%
K Dec. 31, 2025 107,946 $8,853,731 No longer tracked
WBA Sept. 30, 2025 723,391 $8,304,529 No longer tracked
CPB June 30, 2025 198,870 $7,938,890 -36.0%
HES Sept. 30, 2025 54,054 $7,488,641 No longer tracked
RPRX Sept. 30, 2025 202,283 $7,288,256 62.0%
CAG June 30, 2025 259,959 $6,933,107 -34.7%
DFS June 30, 2025 38,467 $6,566,317 No longer tracked
CTRA June 30, 2026 165,091 $5,801,298 No longer tracked
BF-A (filed as BFA) Sept. 30, 2025 195,406 $5,367,803 No longer tracked
ANSS Sept. 30, 2025 13,735 $4,824,007 No longer tracked
ARE Dec. 31, 2025 56,614 $4,718,211 -3.2%
HOLX June 30, 2026 61,471 $4,646,593 No longer tracked
CCL June 30, 2026 136,320 $3,527,962 -9.8%
ENPH June 30, 2025 56,064 $3,478,771 -15.6%
WLK June 30, 2025 24,498 $2,450,535 -16.4%
WMG March 31, 2026 62,811 $1,926,413 5.0%
DD June 30, 2026 39,836 $1,824,489 -4.2%
RKLB (filed as RKLBXXXX) June 30, 2025 101,950 $1,822,866 106.7%
CMA March 31, 2026 15,580 $1,354,369 No longer tracked
IPG Dec. 31, 2025 36,299 $1,013,105 No longer tracked
KMX Sept. 30, 2025 14,524 $976,158 22.4%
CC June 30, 2026 42,567 $937,751 -33.2%
ALGN Sept. 30, 2025 4,588 $868,646 14.8%
CE Dec. 31, 2025 16,355 $688,218 4.5%
CNRG June 30, 2025 13,005 $654,802
TFI June 30, 2025 14,353 $646,890
RAL Sept. 30, 2025 13,198 $639,962 67.4%
BAX March 31, 2026 33,171 $633,889 39.8%
LCID (filed as LCIDXXXX) Sept. 30, 2025 265,739 $560,709 -82.6%
KD June 30, 2025 15,999 $502,369 -72.4%
EXAS March 31, 2026 4,680 $475,301 No longer tracked
MDLN June 30, 2026 10,574 $470,543 -9.7%
LRGF Sept. 30, 2025 6,934 $444,677
HOG March 31, 2026 21,452 $439,551 21.4%
LEN-B (filed as LENB) March 31, 2026 3,895 $370,492 No longer tracked
TLRY Dec. 31, 2025 213,665 $369,640 -60.0%
LYFT Dec. 31, 2025 16,764 $368,976 -20.2%
TRU June 30, 2026 5,279 $365,254 -12.1%
TIP Sept. 30, 2025 3,222 $354,549
UPST March 31, 2026 8,032 $351,239 -11.1%
JNPR Sept. 30, 2025 8,713 $347,910 No longer tracked
AVTR June 30, 2025 21,347 $346,035 14.0%
CROX March 31, 2026 4,020 $343,790 42.2%
TRI June 30, 2026 3,809 $342,734 19.5%
LBRDK March 31, 2026 6,918 $336,215 No longer tracked
LW Dec. 31, 2025 5,577 $323,912 4.1%
BSY March 31, 2026 8,412 $321,044 -8.2%
CAVA Sept. 30, 2025 3,685 $310,388 -9.9%
DOCU Sept. 30, 2025 3,983 $310,236 -4.3%
CORT June 30, 2025 2,532 $289,205 58.4%
BLCN Dec. 31, 2025 10,401 $287,796 No longer tracked
BMRN June 30, 2025 4,069 $287,638 4.0%
AMCR March 31, 2026 34,435 $287,188 5.3%
DAY March 31, 2026 4,131 $285,700 No longer tracked
FLUT June 30, 2026 2,789 $284,339 -26.8%
GOLD June 30, 2025 14,237 $276,767 90.7%
EPAM March 31, 2026 1,345 $275,564 -20.0%
CRCL March 31, 2026 3,428 $271,840 -14.8%
EWC Dec. 31, 2025 5,288 $267,308
BLDR March 31, 2026 2,500 $257,225 -31.7%
KNSL June 30, 2025 520 $253,089 -31.9%
ITB June 30, 2025 2,592 $246,784
PARA Sept. 30, 2025 18,745 $241,811
SFY June 30, 2025 2,362 $240,735 31.1%
FUBO March 31, 2026 93,519 $235,668 -8.5%
CAKE Dec. 31, 2025 4,313 $235,662 117.2%
MANH March 31, 2026 1,351 $234,142 53.4%
SDG June 30, 2025 3,200 $231,648
TECH June 30, 2025 3,933 $230,592 40.7%
RUN March 31, 2026 12,365 $227,516 -43.1%
WSO June 30, 2025 445 $226,194 -32.6%
EFAX March 31, 2026 4,387 $221,394
FTCS Sept. 30, 2025 2,430 $220,863
SCJ March 31, 2026 2,405 $220,798
AGG June 30, 2025 2,231 $220,691
IPAC June 30, 2025 3,521 $219,147
CHKP June 30, 2025 961 $219,031 -41.1%
EQH Dec. 31, 2025 4,295 $218,100 10.5%
CFLT March 31, 2026 7,190 $217,426 No longer tracked
CHWY June 30, 2026 8,050 $217,350 -7.5%
IDEV Dec. 31, 2025 2,708 $217,100
IAK June 30, 2026 1,675 $214,886
MTCH Dec. 31, 2025 5,978 $211,143 24.9%
SFM Dec. 31, 2025 1,940 $211,072 -19.1%
RRC June 30, 2026 4,605 $208,054 2.8%
BETZ March 31, 2026 9,893 $207,555
AN March 31, 2026 1,000 $206,480 -16.8%
FLTW June 30, 2025 4,752 $205,429
THC Dec. 31, 2025 1,011 $205,273 30.1%
PAYC Dec. 31, 2025 986 $205,226 38.7%
SDG June 30, 2026 2,442 $205,012
NANR June 30, 2026 4,115 $204,787
CHKP Dec. 31, 2025 987 $204,220 -29.8%
BUZZ March 31, 2026 6,266 $203,582
WOOD June 30, 2026 2,853 $202,419 0.2%
DFAS June 30, 2026 2,833 $201,511
TFI June 30, 2026 4,438 $201,219
TFI Dec. 31, 2025 4,412 $201,055
MAIN Dec. 31, 2025 3,159 $200,881 -8.7%
SGI March 31, 2026 2,249 $200,791 -16.2%
POOL March 31, 2026 876 $200,385 -20.2%
CLSK March 31, 2026 18,994 $192,219 49.7%
UMAC June 30, 2026 14,919 $184,996 No longer tracked
HTGC June 30, 2026 12,374 $182,764 6.2%
LYFT June 30, 2025 12,306 $146,072 -1.9%
JBLU Sept. 30, 2025 28,570 $120,851 -15.7%
BYND March 31, 2026 131,429 $107,772 1075.2%
STLA Sept. 30, 2025 10,110 $101,403 -52.9%
UAA March 31, 2026 19,488 $96,855 -20.3%
TE March 31, 2026 12,350 $82,498 -10.7%
DNUT Dec. 31, 2025 18,692 $72,338 -28.1%
JBLU June 30, 2026 14,187 $62,707 -27.6%
AUR Dec. 31, 2025 10,964 $59,096 47.7%
BB Sept. 30, 2025 11,423 $52,317 90.6%
CLOV Dec. 31, 2025 15,140 $46,328 86.4%
IOVA Dec. 31, 2025 15,492 $33,618 420.7%
IBRX Dec. 31, 2025 11,249 $27,673 419.4%
CLOV June 30, 2026 13,023 $22,920 -16.4%
LAZRQ Dec. 31, 2025 11,357 $21,692 No longer tracked
BZAI March 31, 2026 10,326 $20,136 -73.6%
CHPT (filed as CHPTXXXX) Sept. 30, 2025 22,875 $16,088 -14.9%
WGHTQ June 30, 2025 27,952 $14,608 No longer tracked
DVLT March 31, 2026 15,944 $10,397 -75.1%
WOLF Sept. 30, 2025 20,495 $8,173 23.4%