CIK 1426771
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 | 99.98% | 38 |
| Semiconductors & Semiconductor Equipment | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 18.88% |
| 2 | BND | VANGUARD BD INDEX FDS | Unclassified | 11.31% |
| 3 | IJH | ISHARES TR | Unclassified | 11.20% |
| 4 | IEFA | ISHARES TR | Unclassified | 7.79% |
| 5 | IEMG | ISHARES INC | Unclassified | 6.65% |
| 6 | IVV | ISHARES TR | Unclassified | 6.23% |
| 7 | NFRA | FLEXSHARES TR | Unclassified | 5.94% |
| 8 | IJR | ISHARES TR | Unclassified | 5.30% |
| 9 | BNDX | VANGUARD CHARLOTTE FDS | Unclassified | 5.20% |
| 10 | QAI | NEW YORK LIFE INVESTMENTS ET | Unclassified | 3.88% |
1/39 names classified · sector 0.0% of weight · industry 0.0% · 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: 0.0% 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 (1/39 names) · unclassified 100.0%: SPY, BND, IJH, IEFA, IEMG, IVV, NFRA, IJR, BNDX, QAI +28 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 | SPYSTATE STR SPDR S&P 500 ETF T | 414,325 | $269M | 18.9% | ADD 2% |
| 2 | BNDVANGUARD BD INDEX FDS | 2,192,270 | $161M | 11.3% | ADD 17% |
| 3 | IJHISHARES TR | 2,368,505 | $160M | 11.2% | ADD 7% |
| 4 | IEFAISHARES TR | 1,232,051 | $111M | 7.8% | TRIM −16% |
| 5 | IEMGISHARES INC | 1,373,924 | $95M | 6.7% | ADD 21% |
| 6 | IVVISHARES TR | 136,067 | $89M | 6.2% | ADD 30% |
| 7 | NFRAFLEXSHARES TR | 1,337,142 | $85M | 5.9% | ADD 22% |
| 8 | IJRISHARES TR | 608,987 | $76M | 5.3% | ADD 5% |
| 9 | BNDXVANGUARD CHARLOTTE FDS | 1,548,372 | $74M | 5.2% | ADD 15% |
| 10 | QAINEW YORK LIFE INVESTMENTS ET | 1,623,616 | $55M | 3.9% | ADD 10% |
| 11 | BCDABRDN ETFS | 1,391,067 | $50M | 3.5% | ADD 18% |
| 12 | BBREJ P MORGAN EXCHANGE TRADED F | 506,997 | $49M | 3.4% | ADD 3% |
| 13 | ITOTISHARES TR | 226,367 | $32M | 2.3% | HOLD |
| 14 | GVIISHARES TR | 256,707 | $27M | 1.9% | ADD 3% |
| 15 | VTIPVANGUARD MALVERN FDS | 505,851 | $25M | 1.8% | ADD 16% |
| 16 | SPHYSPDR SERIES TRUST | 635,087 | $15M | 1.0% | ADD 15% |
| 17 | BSVVANGUARD BD INDEX FDS | 179,972 | $14M | 1.0% | ADD 4% |
| 18 | GRIDFIRST TR EXCHANGE TRADED FD | 54,841 | $9M | 0.6% | ADD 8% |
| 19 | HELOJPMorgan Hedged Equity Laddered Overly ETF | 122,243 | $8M | 0.5% | ADD 10% |
| 20 | FTXLFIRST TR EXCHANGE TRADED FD | 43,773 | $6M | 0.5% | NEW |
| 21 | SOXXISHARES TR | 19,042 | $6M | 0.4% | TRIM −54% |
| 22 | PAVEGLOBAL X FDS | 78,898 | $4M | 0.3% | NEW |
| 23 | BBCAJ P MORGAN EXCHANGE TRADED F | 18,396 | $2M | 0.1% | HOLD |
| 24 | SHMSPDR SERIES TRUST | 27,260 | $1M | 0.1% | HOLD |
| 25 | NVDANVIDIA CORPORATION | 2,000 | $348,800 | 0.0% | HOLD |
| 26 | BSJWINVESCO EXCH TRD SLF IDX FD | 10,237 | $256,949 | 0.0% | NEW |
| 27 | IBHFISHARES TR | 10,599 | $243,306 | 0.0% | HOLD |
| 28 | HOLAJ P MORGAN EXCHANGE TRADED F | 4,584 | $240,771 | 0.0% | HOLD |
| 29 | BSJUINVESCO EXCH TRD SLF IDX FD | 8,229 | $209,922 | 0.0% | HOLD |
| 30 | IGSBISHARES TR | 3,750 | $197,001 | 0.0% | HOLD |
| 31 | BSJVINVESCO EXCH TRD SLF IDX FD | 7,504 | $194,429 | 0.0% | HOLD |
| 32 | KDECINNOVATOR ETFS TRUST | 6,771 | $175,144 | 0.0% | HOLD |
| 33 | IDECINNOVATOR ETFS TRUST | 5,418 | $174,804 | 0.0% | HOLD |
| 34 | BALTINNOVATOR ETFS TRUST | 5,198 | $173,765 | 0.0% | HOLD |
| 35 | ZJULINNOVATOR ETFS TRUST | 5,915 | $171,983 | 0.0% | HOLD |
| 36 | IBHIISHARES TR | 6,844 | $158,720 | 0.0% | HOLD |
| 37 | BSJSINVESCO EXCH TRD SLF IDX FD | 7,263 | $157,314 | 0.0% | HOLD |
| 38 | BSJRINVESCO EXCH TRD SLF IDX FD | 5,418 | $121,082 | 0.0% | HOLD |
| 39 | ZDEKINNOVATOR ETFS TRUST | 3,830 | $98,173 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 449K | 444K | 466K | 424K | 406K | 414K | $269M |
| BNDVANGUARD BD INDEX FDS | 1.8M | 1.8M | 1.8M | 1.9M | 1.9M | 2.2M | $161M |
| IJHISHARES TR | 2.3M | 2.2M | 2.4M | 2.3M | 2.2M | 2.4M | $160M |
| IEFAISHARES TR | 1.5M | 1.2M | 1.3M | 1.5M | 1.5M | 1.2M | $111M |
| IEMGISHARES INC | 1.2M | 1.3M | 1.2M | 1.2M | 1.1M | 1.4M | $95M |
| IVVISHARES TR | 128K | 111K | 117K | 107K | 105K | 136K | $89M |
| NFRAFLEXSHARES TR | 1.2M | 1.3M | 1.2M | 1.1M | 1.1M | 1.3M | $85M |
| IJRISHARES TR | 556K | 438K | 490K | 545K | 580K | 609K | $76M |
| BNDXVANGUARD CHARLOTTE FDS | 1.4M | 1.3M | 1.3M | 1.4M | 1.3M | 1.5M | $74M |
| QAINEW YORK LIFE INVESTMENTS ET | 678K | 1.5M | 1.5M | 1.5M | 1.5M | 1.6M | $55M |
| BCDABRDN ETFS | — | — | 1.2M | 1.2M | 1.2M | 1.4M | $50M |
| BBREJ P MORGAN EXCHANGE TRADED F | 438K | 476K | 491K | 509K | 494K | 507K | $49M |
| ITOTISHARES TR | 246K | 240K | 241K | 229K | 230K | 226K | $32M |
| GVIISHARES TR | 197K | 200K | 237K | 247K | 249K | 257K | $27M |
| VTIPVANGUARD MALVERN FDS | 470K | 417K | 429K | 440K | 438K | 506K | $25M |
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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