CIK 1223779
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 99.91% | 7 |
| Electrical Equipment & Components | 0.03% | 1 |
| Construction & Engineering | 0.03% | 1 |
| Commercial Services & Supplies | 0.02% | 1 |
| Specialty Retail | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | RSP | INVESCO EXCHANGE TRADED FD T | Unclassified | 38.92% |
| 2 | PRIV | SSGA ACTIVE TR | Unclassified | 27.55% |
| 3 | EVLN | MORGAN STANLEY ETF TRUST | Unclassified | 26.81% |
| 4 | LGDX | TIDAL TRUST III | Unclassified | 3.95% |
| 5 | SPMD | SPDR SERIES TRUST | Unclassified | 1.14% |
| 6 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 0.98% |
| 7 | SPSM | SPDR SERIES TRUST | Unclassified | 0.56% |
| 8 | FPS | Forgent Power Solutions, Inc. | Information Technology | 0.03% |
| 9 | MWH | SOLV Energy, Inc. | Industrials | 0.03% |
| 10 | EQPT | EquipmentShare.com Inc | Industrials | 0.02% |
4/11 names classified · sector 0.1% of weight · industry 0.1% · mkt cap 0.0%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 0.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/11 names) · unclassified 100.0%: RSP, PRIV, EVLN, LGDX, SPMD, SPY, SPSM, FPS, MWH, EQPT +1 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | RSPINVESCO EXCHANGE TRADED FD T | 5,469,896 | $1.0B | 38.9% | HOLD |
| 2 | PRIVSSGA ACTIVE TR | 29,455,888 | $743M | 27.5% | NEW |
| 3 | EVLNMORGAN STANLEY ETF TRUST | 15,008,187 | $723M | 26.8% | HOLD |
| 4 | LGDXTIDAL TRUST III | 4,880,320 | $106M | 3.9% | HOLD |
| 5 | SPMDSPDR SERIES TRUST | 521,398 | $31M | 1.1% | TRIM −83% |
| 6 | SPYSTATE STR SPDR S&P 500 ETF T | 40,540 | $26M | 1.0% | ADD 12% |
| 7 | SPSMSPDR SERIES TRUST | 312,500 | $15M | 0.6% | TRIM −83% |
| 8 | FPSForgent Power Solutions Inc | 30,000 | $878,100 | 0.0% | NEW |
| 9 | MWHSOLV ENERGY INC | 25,000 | $750,750 | 0.0% | NEW |
| 10 | EQPTEQUIPMENTSHARE COM INC | 25,000 | $509,250 | 0.0% | NEW |
| 11 | BOBSBOBS DISC FURNITURE INC | 25,000 | $293,750 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| RSPINVESCO EXCHANGE TRADED FD T | 8.2M | 9.2M | 9.2M | 9.2M | 5.5M | 5.5M | $1.0B |
| PRIVSSGA ACTIVE TR | — | — | — | — | — | 29.5M | $743M |
| EVLNMORGAN STANLEY ETF TRUST | — | 19.0M | 19.0M | 19.0M | 15.0M | 15.0M | $723M |
| LGDXTIDAL TRUST III | — | 2.7M | 3.4M | 4.2M | 4.9M | 4.9M | $106M |
| SPMDSPDR SERIES TRUST | 3.0M | 3.0M | 3.0M | 3.0M | 3.0M | 521K | $31M |
| SPYSTATE STR SPDR S&P 500 ETF T | 53K | 830 | 69K | 45K | 36K | 41K | $26M |
| SPSMSPDR SERIES TRUST | 1.4M | 1.4M | 1.4M | 1.8M | 1.8M | 313K | $15M |
| FPSForgent Power Solutions Inc | — | — | — | — | — | 30K | $878,100 |
| MWHSOLV ENERGY INC | — | — | — | — | — | 25K | $750,750 |
| EQPTEQUIPMENTSHARE COM INC | — | — | — | — | — | 25K | $509,250 |
| BOBSBOBS DISC FURNITURE INC | — | — | — | — | — | 25K | $293,750 |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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