Sector breakdown

04
Technology 8.0%
Industrials 4.0%
Financials 3.6%
Energy 2.3%
Communication Services 1.0%
Real Estate 0.9%
Health Care 0.6%
Retail 0.5%
Consumer Staples 0.2%
Utilities 0.2%
Other/Unmapped 78.7%

Full portfolio 114 positions

05
Type Streak 8Q trend
SPY SPY $141,960,977 41.40% 190,100 Call option $96,632,279 Up ×2
SPXL Direxion Daily S&P 500 Bull 3X ETF $40,719,902 11.87% 150,441 $13,403,802 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $10,196,251 2.97% 194,548 $168,902 Up ×1
LQD iShares Trust $9,496,041 2.77% 87,064 $-220,491 Down ×6
TXN Texas Instruments Incorporated - Common Stock $9,354,629 2.73% 31,384 $4,388,528 Up ×1
HYG iShares Trust $7,610,979 2.22% 95,173 $-245,157 Down ×6
MU Micron Technology, Inc. - Common Stock $4,444,029 1.30% 3,850 $2,805,167 Down ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $3,722,522 1.09% 70,012 $-17,007 Down ×6
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF $3,520,760 1.03% 63,051 $149,391 Down ×1
GLW Corning Incorporated Common Stock $3,001,806 0.88% 11,752 $867,829 Down ×3
WDC Western Digital Corporation - Common Stock $2,959,861 0.86% 4,634 $1,183,544 Down ×1
GVI iShares Trust $2,725,776 0.79% 25,692 $-62,475 Down ×6
IBDW iShares iBonds Dec 2031 Term Corporate ETF $2,478,588 0.72% 118,934 $-6,957 Up ×3
IUSB iShares Core Universal USD Bond ETF $2,451,719 0.71% 53,125 $-20,139 Down ×2
KLAC KLA Corporation - Common Stock $2,418,891 0.71% 8,017 $1,136,401 Up ×1
PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests $2,294,863 0.67% 103,094 $-18,076 Down ×1
BB BlackBerry Limited Common Stock $2,212,396 0.65% 174,893 Up ×1
CRS Carpenter Technology Corporation Common Stock $2,193,709 0.64% 3,556 $278,005 Down ×4
IDU iShares U.S. Utilities ETF $2,177,684 0.64% 19,001 $-60,063 Down ×2
IYM iShares U.S. Basic Materials ETF $2,161,021 0.63% 12,037 $228,346 Up ×1
TSLX Sixth Street Specialty Lending, Inc. Common Stock $2,154,634 0.63% 125,488 $-226,008 Down ×1
BTSG BrightSpring Health Services, Inc. - Common Stock $2,127,837 0.62% 30,511 $602,782 Down ×1
IBDS iShares Trust $2,127,274 0.62% 87,831 $-8,444 Down ×1
GEV GE Vernova Inc. Common Stock $2,115,999 0.62% 1,801
TER Teradyne, Inc. - Common Stock $2,106,156 0.61% 4,353 Up ×1
IYZ iShares U.S. Telecommunications ETF $2,085,134 0.61% 49,282 Up ×1
IBDV iShares iBonds Dec 2030 Term Corporate ETF $2,071,506 0.60% 95,023 $228,247 Up ×2
IYE iShares U.S. Energy ETF $1,986,129 0.58% 35,097 $-470,501 Down ×2
KEYS Keysight Technologies Inc. Common Stock $1,981,046 0.58% 5,659 $155,524 Down ×1
SXI Standex International Corporation Common Stock $1,902,447 0.55% 5,319 Up ×1
CIEN Ciena Corporation Common Stock $1,848,921 0.54% 3,769 Up ×1
RTX RTX Corporation Common Stock $1,825,569 0.53% 9,622 $535,730 Up ×1
ING ING Group, N.V. Common Stock $1,817,618 0.53% 57,923 $416,124 Up ×1
PDI PIMCO Dynamic Income Fund Common Stock $1,787,314 0.52% 107,025 $-77,629 Down ×3
VLO Valero Energy Corporation Common Stock $1,703,798 0.50% 6,542 Up ×1
KEY KeyCorp Common Stock $1,699,258 0.50% 73,721 $357,976 Up ×1
BK The Bank of New York Mellon Corporation Common Stock $1,660,816 0.48% 11,485 $173,269 Down ×1
AAPL Apple Inc. - Common Stock $1,660,316 0.48% 5,738 $204,465 Up ×1
IYW iShares U.S. Technology ETF $1,482,928 0.43% 5,879 $350,903 Down ×4
IVZ Invesco Ltd Common Stock $1,477,839 0.43% 56,000 $378,958 Up ×1
FTEC FIDELITY COVINGTON TRUST $1,466,239 0.43% 5,134 $359,837 Down ×3
PFFA ETFis Series Trust I $1,456,126 0.42% 70,789 $157,551 Up ×6
AMZN Amazon.com, Inc. - Common Stock $1,429,932 0.42% 6,000 $136,045 Down ×3
IWF iShares Russell 1000 Growth Fund $1,383,525 0.40% 11,142 $160,672 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,369,653 0.40% 6,845 $-75,248 Down ×2
IAU iShares Gold Trust Shares $1,317,528 0.38% 17,448 $9,728 Up ×2
AIS Tidal Trust III $1,276,920 0.37% 14,968 $712,476 Up ×1
XLI SELECT SECTOR SPDR TRUST $1,262,149 0.37% 6,814 $225,945 Up ×1
XLE SELECT SECTOR SPDR TRUST $1,138,010 0.33% 21,427 $-140,539 Up ×3
SPY SPY $1,137,738 0.33% 1,524 $163,209 Up ×2
GSY Invesco Actively Managed Exchange-Traded Fund Trust $1,121,623 0.33% 22,365 $-199,809 Down ×6
WPC W. P. Carey Inc. REIT $1,107,929 0.32% 15,496 $58,271 Up ×4
SOXX iShares Trust $1,081,742 0.32% 1,688 $550,034 Up ×1
XLF SELECT SECTOR SPDR TRUST $975,482 0.28% 18,196 $46,514 Down ×3
JPM JP Morgan Chase & Co. Common Stock $859,595 0.25% 2,626 $118,494 Up ×1
FHLC FIDELITY COVINGTON TRUST $851,828 0.25% 11,027 $77,229 Up ×1
SLV iShares Silver Trust $831,782 0.24% 15,556 $-228,208
GLD SPDR Gold Shares $767,393 0.22% 2,083 $-134,131 Down ×3
USIG iShares Broad USD Investment Grade Corporate Bond ETF $736,809 0.21% 14,366 $-5,077 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $725,403 0.21% 2,053 $136,552
HSBC HSBC Holdings, plc. Common Stock $713,250 0.21% 7,501 $61,318 Down ×4
BITB Bitwise Bitcoin ETF $708,559 0.21% 22,240 $-110,086
SBRA Sabra Health Care REIT, Inc. - Common Stock $675,096 0.20% 34,603 $29,694 Up ×1
AEG Aegon Ltd. New York Registry Shares $670,336 0.20% 79,424 $-298,974 Down ×1
VFH Vanguard Financials ETF $663,073 0.19% 5,039 $46,164 Down ×3
ET Energy Transfer LP Common Units $658,603 0.19% 34,446 $-52,450 Down ×2
MPLX MPLX LP Common Units Representing Limited Partner Interests $657,290 0.19% 11,669 $5,224 Up ×1
NLY Annaly Capital Management Inc. Common Stock $651,390 0.19% 29,132 $124,866 Up ×1
ENB Enbridge Inc Common Stock $647,759 0.19% 11,949 $-94,425 Down ×1
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $646,380 0.19% 10,466 Up ×1
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. Common Stock $642,352 0.19% 87,993 $60,491 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $641,290 0.19% 1,138 $-127,579 Down ×4
IVW iShares S&P 500 Growth ETF $638,986 0.19% 4,646 $136,877 Up ×2
EPD Enterprise Products Partners L.P. Common Stock $638,136 0.19% 17,360 $-92,432 Down ×2
GSL Global Ship Lease Inc New Class A Common Shares $627,229 0.18% 16,682 $4,304 Down ×1
MSFT Microsoft Corporation - Common Stock $627,058 0.18% 1,681 $28,152 Up ×1
HESM Hess Midstream LP Class A Representing Limited Partner Interests $623,776 0.18% 16,590 $-67,907 Down ×2
SSO ProShares Ultra S&P500 $619,469 0.18% 9,194 $122,242 Down ×2
VYM Vanguard High Dividend Yield ETF $608,140 0.18% 3,848 $38,857 Up ×1
SPH Suburban Propane Partners, L.P. Common Stock $584,172 0.17% 34,162 $-58,187 Up ×1
SEIX Virtus ETF Trust II $577,882 0.17% 24,984 $129,011 Up ×2
SFL SFL Corporation Ltd $575,875 0.17% 56,458 Up ×1
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $556,056 0.16% 16,619 $-880 Up ×1
SCHD SCHWAB STRATEGIC TRUST $542,939 0.16% 17,122 $17,636
XLP XLP $533,090 0.16% 6,417 $24,518 Up ×1
IWM iShares Russell 2000 Index Fund $531,490 0.15% 1,769 $103,589 Up ×2
AXP American Express Company Common Stock $528,740 0.15% 1,563 $95,806 Up ×1
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $525,059 0.15% 17,496 $-12,294 Down ×3
QQQ Invesco QQQ Trust, Series 1 $521,196 0.15% 708 $115,576 Up ×1
FSK FS KKR Capital Corp. Common Stock $446,943 0.13% 42,566 $13,621
XLY XLY $428,634 0.13% 3,655 $30,712 Up ×4
MGK VANGUARD WORLD FUND $407,463 0.12% 4,635 $66,846 Up ×1
KRG Kite Realty Group Trust Common Stock $396,923 0.12% 13,986 $53,567
IYY iShares Dow Jones U.S. ETF $377,714 0.11% 2,072 $70,780 Up ×1
EEM iShares, Inc. $329,423 0.10% 4,815 $115,836 Up ×1
IJH iShares Trust $327,115 0.10% 4,242 Up ×1
FELC Fidelity Covington Trust $314,209 0.09% 7,497 $51,518 Up ×6
IWD iShares Russell 1000 Value ETF $311,805 0.09% 1,286 $96,833 Up ×1
COST Costco Wholesale Corporation - Common Stock $308,571 0.09% 330 $-19,924
IXJ iShares Global Healthcare ETF $279,038 0.08% 2,836 $14,632 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
IBDW $2,478,588 0.72% up ×3
PFFA $1,456,126 0.42% up ×6
XLE $1,138,010 0.33% up ×3
WPC $1,107,929 0.32% up ×4
XLY $428,634 0.13% up ×4
FELC $314,209 0.09% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BB $2,212,396 174,893 0.65%
GEV $2,115,999 1,801 0.62%
TER $2,106,156 4,353 0.61%
IYZ $2,085,134 49,282 0.61%
SXI $1,902,447 5,319 0.55%
CIEN $1,848,921 3,769 0.54%
VLO $1,703,798 6,542 0.50%
BTI $646,380 10,466 0.19%
SFL $575,875 56,458 0.17%
IJH $327,115 4,242 0.10%
DDM $256,353 3,912 0.07%
FENI $254,826 6,350 0.07%
VIS $232,689 646 0.07%
GS $232,204 230 0.07%
STX $220,020 228 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +120K +$96.6M
SPXL Bought more +3K +$13.4M
TXN Bought more +6K +$4.4M
MU Trimmed -1K +$2.8M
WDC Trimmed -2K +$1.2M
KLAC Bought more +7K +$1.1M
GLW Trimmed -4K +$868K
AIS Bought more +2K +$712K
TIGO Trimmed -10K -$699K
BTSG Trimmed -5K +$603K

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
IYK June 30, 2025 35,034 $2,507,413 1.6%
IYE Sept. 30, 2025 44,819 $2,026,708 40.7%
BP June 30, 2026 38,702 $1,819,009 20.8%
IYK Dec. 31, 2025 25,940 $1,774,037 7.0%
IYC Dec. 31, 2025 16,840 $1,764,786 -7.4%
IYF June 30, 2026 14,928 $1,756,387 -0.5%
EQT Sept. 30, 2025 28,507 $1,662,528 -6.1%
BRK-A (filed as BRKA) Dec. 31, 2025 2 $1,508,400 No longer tracked
PH March 31, 2026 1,690 $1,485,620 9.0%
C June 30, 2025 20,849 $1,480,071 51.0%
DD June 30, 2026 32,190 $1,474,293 -3.6%
ESS Sept. 30, 2025 5,185 $1,469,540 1.6%
ABT March 31, 2026 11,591 $1,452,233 -2.5%
GILD June 30, 2025 12,744 $1,427,940 30.5%
VTR March 31, 2026 18,139 $1,403,596 -0.5%
GEV Dec. 31, 2025 2,200 $1,352,795 51.5%
AEM March 31, 2026 7,856 $1,331,860 -9.7%
PLTR June 30, 2026 9,048 $1,323,541 62.3%
NL June 30, 2025 166,621 $1,316,306 9.5%
LLY March 31, 2026 1,169 $1,256,463 24.3%
LNC June 30, 2026 33,317 $1,182,767 15.7%
CTVA Dec. 31, 2025 17,460 $1,180,845 -81.5%
JNJ March 31, 2026 5,644 $1,168,026 3.5%
NOBL Dec. 31, 2025 11,235 $1,157,991 5.6%
GMED June 30, 2025 15,252 $1,116,446 29.7%
MAIN June 30, 2025 19,709 $1,114,717 -7.0%
TGI Sept. 30, 2025 42,628 $1,097,671 No longer tracked
SRAD Dec. 31, 2025 39,863 $1,072,315 -49.2%
TPR June 30, 2026 7,591 $1,071,166 -20.1%
HCA March 31, 2026 2,162 $1,009,351 -8.1%
CCL June 30, 2025 50,694 $990,054 -9.1%
KGC June 30, 2026 31,805 $970,689 -0.2%
HMY June 30, 2026 63,138 $970,431 13.7%
MPC Dec. 31, 2025 4,000 $770,960 166.5%
TRP June 30, 2026 11,465 $717,726 -10.3%
NWG March 31, 2026 40,576 $710,082 17.4%
TRGP Sept. 30, 2025 3,865 $672,771 71.5%
ETR March 31, 2026 6,946 $641,983 -10.3%
INTU Dec. 31, 2025 925 $631,692 -57.0%
MUB March 31, 2026 5,754 $616,311
VUG Dec. 31, 2025 1,282 $614,717 13.2%
CNA March 31, 2026 12,695 $606,065 0.6%
NLY June 30, 2025 29,179 $592,625 -2.9%
CNQ Sept. 30, 2025 18,770 $589,379 51.2%
BSX March 31, 2026 6,134 $584,877 -32.4%
ORI March 31, 2026 11,961 $545,879 -5.3%
IHG Sept. 30, 2025 4,559 $525,817 31.5%
PANW March 31, 2026 2,754 $507,287 153.7%
EG Sept. 30, 2025 1,458 $495,618 4.7%
AFL March 31, 2026 4,343 $478,903 2.4%
VTC March 31, 2026 6,055 $470,111
GSK June 30, 2026 8,471 $467,514 -11.2%
UNM March 31, 2026 5,953 $461,354 23.1%
TLH March 31, 2026 4,522 $459,705
BSJP Dec. 31, 2025 19,767 $455,827 No longer tracked
CBL June 30, 2026 11,790 $453,073 2.1%
TBIL March 31, 2026 8,920 $444,921
HNI June 30, 2025 10,032 $444,919 -4.3%
PGR Sept. 30, 2025 1,663 $443,795 -13.9%
CHD March 31, 2026 5,162 $432,825 2.5%
TMUS March 31, 2026 2,098 $426,018 -21.6%
IBM Dec. 31, 2025 1,480 $417,540 -25.2%
HDV Dec. 31, 2025 3,070 $375,970 16.3%
ONEQ March 31, 2026 3,986 $364,326
XLK Dec. 31, 2025 1,254 $353,380 39.6%
SAP March 31, 2026 1,414 $343,475 21.3%
SE March 31, 2026 2,679 $341,760 17.0%
OKLO Dec. 31, 2025 3,044 $339,817 -49.9%
ITB Dec. 31, 2025 2,812 $301,582
CVX March 31, 2026 1,900 $289,653 -0.2%
TRV March 31, 2026 977 $283,369 23.7%
AVGO Dec. 31, 2025 847 $279,596 4.7%
VGT March 31, 2026 366 $275,883 48.1%
SIXG Dec. 31, 2025 4,421 $272,670 No longer tracked
EFA June 30, 2025 3,251 $265,690
VTV Dec. 31, 2025 1,420 $264,816
GS March 31, 2026 299 $262,665 5.6%
FNDX March 31, 2026 9,552 $259,906 14.9%
IYF Sept. 30, 2025 2,129 $257,626 0.2%
VAL June 30, 2026 2,546 $249,610 15.0%
GD Dec. 31, 2025 731 $249,294 -1.5%
AEP June 30, 2026 1,865 $244,503 -12.5%
LHX Dec. 31, 2025 796 $243,200 -19.3%
BRK-B (filed as BRKB) March 31, 2026 469 $235,743 No longer tracked
EWI June 30, 2025 5,468 $231,406 19.4%
GOOGL March 31, 2026 701 $219,287 20.5%
VO Dec. 31, 2025 736 $216,193 10.6%
DDM March 31, 2026 3,752 $213,339
TT Dec. 31, 2025 498 $210,059 21.0%
TSM Dec. 31, 2025 748 $208,821 59.9%
WMT Dec. 31, 2025 1,976 $203,651 -5.7%
CRM June 30, 2025 757 $203,165 -15.7%
V Sept. 30, 2025 568 $201,713 8.3%
MARA Sept. 30, 2025 11,552 $181,134 -38.8%
NOK Sept. 30, 2025 32,959 $170,727 112.1%
RIOT Sept. 30, 2025 11,955 $135,092 1.5%
TYGO March 31, 2026 29,387 $40,554 -77.1%