CIK 1429788
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-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 | 99.09% | 40 |
| Diversified Telecommunication Services | 0.45% | 2 |
| Hotels, Restaurants & Leisure | 0.16% | 1 |
| Banks | 0.11% | 1 |
| Specialty Retail | 0.07% | 2 |
| Life Sciences Tools & Services | 0.05% | 1 |
| Technology Hardware & Equipment | 0.04% | 1 |
| Utilities | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FLOT | ISHARES TR | Unclassified | 10.05% |
| 2 | IGSB | ISHARES TR | Unclassified | 9.88% |
| 3 | VEA | VANGUARD TAX-MANAGED FDS | Unclassified | 9.75% |
| 4 | VOO | VANGUARD INDEX FDS | Unclassified | 8.86% |
| 5 | IFGL | ISHARES TR | Unclassified | 7.10% |
| 6 | IJH | ISHARES TR | Unclassified | 6.62% |
| 7 | Alerian MLP ETF | Unclassified | 5.64% | |
| 8 | POWERSHARES ETF TR II | Unclassified | 5.25% | |
| 9 | VWO | VANGUARD INTL EQUITY INDEX F | Unclassified | 4.34% |
| 10 | IJR | ISHARES TR | Unclassified | 4.20% |
9/49 names classified · sector 0.9% of weight · industry 0.9% · mkt cap 0.9%; 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: 0.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.9% of book weight (9/46 names) · unclassified 99.1%: , FLOT, IGSB, VEA, VOO, IFGL, IJH, VWO, IJR, RINF +27 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 | FLOTISHARES TR | 1,435,787 | $73M | 10.1% | ADD 12% |
| 2 | IGSBISHARES TR | 682,340 | $72M | 9.9% | ADD 17% |
| 3 | VEAVANGUARD TAX-MANAGED FDS | 1,803,627 | $71M | 9.8% | HOLD |
| 4 | VOOVANGUARD INDEX FDS | 297,497 | $64M | 8.9% | HOLD |
| 5 | IFGLISHARES TR | 1,878,251 | $52M | 7.1% | NEW |
| 6 | IJHISHARES TR | 281,010 | $48M | 6.6% | ADD 3% |
| 7 | Alerian MLP ETF | 3,225,589 | $41M | 5.6% | ADD 16% |
| 8 | POWERSHARES ETF TR II | 1,500,159 | $38M | 5.3% | ADD 8% |
| 9 | VWOVANGUARD INTL EQUITY INDEX F | 794,125 | $32M | 4.3% | ADD 4% |
| 10 | IJRISHARES TR | 441,011 | $31M | 4.2% | ADD 108% |
| 11 | RINFPROSHARES TR | 1,027,952 | $30M | 4.1% | ADD 9% |
| 12 | SJNKSPDR SERIES TRUST | 1,039,918 | $29M | 4.0% | TRIM −5% |
| 13 | POWERSHARES ETF TRUST II | 1,230,988 | $29M | 3.9% | TRIM −3% |
| 14 | AGGISHARES TR | 255,838 | $28M | 3.8% | ADD 15% |
| 15 | FNCLFIDELITY COVINGTON TRUST | 569,918 | $20M | 2.8% | ADD 5% |
| 16 | IVVISHARES TR | 50,371 | $12M | 1.6% | ADD 109% |
| 17 | IEFAISHARES TR | 146,274 | $8M | 1.2% | TRIM −4% |
| 18 | IEMGISHARES INC | 111,869 | $5M | 0.7% | TRIM −3% |
| 19 | PFFISHARES TR | 122,124 | $5M | 0.7% | HOLD |
| 20 | VEUVANGUARD INTL EQUITY INDEX F | 68,485 | $3M | 0.5% | ADD 5% |
| 21 | SRLNSSGA ACTIVE ETF TR | 66,746 | $3M | 0.4% | TRIM −14% |
| 22 | SPYSTATE STR SPDR S&P 500 ETF T | 13,413 | $3M | 0.4% | ADD 3% |
| 23 | VCSHVANGUARD SCOTTSDALE FDS | 36,542 | $3M | 0.4% | ADD 10% |
| 24 | TAT&T INC | 67,408 | $3M | 0.4% | ADD 13% |
| 25 | BNDVANGUARD BD INDEX FDS | 32,411 | $3M | 0.4% | ADD 11% |
| 26 | HYSPIMCO ETF TR | 24,492 | $2M | 0.3% | TRIM −8% |
| 27 | VTIVANGUARD INDEX FDS | 19,351 | $2M | 0.3% | ADD 18% |
| 28 | IWMISHARES TR | 13,829 | $2M | 0.3% | TRIM −7% |
| 29 | VVVANGUARD INDEX FDS | 17,575 | $2M | 0.3% | TRIM −8% |
| 30 | SCHXSCHWAB U.S. LARGE-CAP ETF | 30,271 | $2M | 0.2% | HOLD |
| 31 | SCHMSCHWAB STRATEGIC TR | 27,211 | $1M | 0.2% | TRIM −3% |
| 32 | EFAISHARES TR | 19,054 | $1M | 0.2% | TRIM −7% |
| 33 | MCDMCDONALDS CORP | 8,901 | $1M | 0.2% | HOLD |
| 34 | VOVANGUARD INDEX FDS | 8,144 | $1M | 0.2% | TRIM −5% |
| 35 | FLTRVANECK ETF TRUST | 42,364 | $1M | 0.1% | TRIM −4% |
| 36 | HYGISHARES TR | 11,658 | $1M | 0.1% | TRIM −13% |
| 37 | FCFFIRST COMWLTH FINL CORP PA | 58,981 | $782,000 | 0.1% | HOLD |
| 38 | SCHASCHWAB STRATEGIC TR | 10,573 | $666,000 | 0.1% | TRIM −10% |
| 39 | VIGVANGUARD SPECIALIZED FUNDS | 6,290 | $566,000 | 0.1% | TRIM −3% |
| 40 | VZVERIZON COMMUNICATIONS INC | 9,449 | $461,000 | 0.1% | HOLD |
| 41 | VBVANGUARD INDEX FDS | 3,231 | $431,000 | 0.1% | TRIM −9% |
| 42 | DBEUDBX ETF TR | 15,747 | $426,000 | 0.1% | TRIM −99% |
| 43 | AAGILENT TECHNOLOGIES INC | 6,573 | $348,000 | 0.0% | HOLD |
| 44 | COSTCOSTCO WHSL CORP NEW | 1,919 | $322,000 | 0.0% | HOLD |
| 45 | NTAPNetApp Inc. | 7,000 | $293,000 | 0.0% | HOLD |
| 46 | EIXEDISON INTL | 3,146 | $250,000 | 0.0% | HOLD |
| 47 | HDHOME DEPOT INC | 1,480 | $217,000 | 0.0% | NEW |
| 48 | NCANUVEEN CALIFORNIA MUNI VLU F | 11,250 | $113,000 | 0.0% | HOLD |
| 49 | VEREIT INC | 11,370 | $97,000 | 0.0% | HOLD |
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