CIK 1476993
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 | 90.82% | 9 |
| Equity Real Estate Investment Trusts (REITs) | 8.02% | 7 |
| Real Estate Management & Development | 1.16% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | Unclassified | 45.33% |
| 2 | BBJP | J P MORGAN EXCHANGE TRADED F | Unclassified | 11.11% |
| 3 | IEFA | ISHARES TR | Unclassified | 10.94% |
| 4 | VTI | VANGUARD INDEX FDS | Unclassified | 10.16% |
| 5 | IEMG | ISHARES INC | Unclassified | 8.85% |
| 6 | XBI | SPDR SERIES TRUST | Unclassified | 2.58% |
| 7 | EQR | EQUITY RESIDENTIAL | Real Estate | 1.22% |
| 8 | ESS | ESSEX PROPERTY TRUST, INC. | Real Estate | 1.20% |
| 9 | INVH | Invitation Homes Inc. | Real Estate | 1.16% |
| 10 | CPT | CAMDEN PROPERTY TRUST | Real Estate | 1.14% |
8/17 names classified · sector 9.2% of weight · industry 9.2% · mkt cap 9.2%; 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: 9.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 9.2% of book weight (8/17 names) · unclassified 90.8%: VOO, BBJP, IEFA, VTI, IEMG, XBI, CRBN, VGSH, AGG. 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 | VOOVANGUARD INDEX FDS | 1,546,858 | $924M | 45.3% | TRIM −14% |
| 2 | BBJPJ P MORGAN EXCHANGE TRADED F | 3,287,302 | $227M | 11.1% | NEW |
| 3 | IEFAISHARES TR | 2,464,211 | $223M | 10.9% | ADD 19% |
| 4 | VTIVANGUARD INDEX FDS | 645,651 | $207M | 10.2% | ADD 3% |
| 5 | IEMGISHARES INC | 2,587,897 | $181M | 8.9% | ADD 306% |
| 6 | XBISPDR SERIES TRUST | 412,250 | $53M | 2.6% | HOLD |
| 7 | EQREQUITY RESIDENTIAL | 419,069 | $25M | 1.2% | ADD 44% |
| 8 | ESSEssex Property Trust | 100,821 | $24M | 1.2% | ADD 38% |
| 9 | INVHINVITATION HOMES INC | 949,206 | $24M | 1.2% | ADD 46% |
| 10 | CPTCAMDEN PPTY TR | 237,748 | $23M | 1.1% | ADD 30% |
| 11 | CRBNISHARES TR | 104,151 | $23M | 1.1% | HOLD |
| 12 | AVBAVALONBAY CMNTYS INC | 141,930 | $23M | 1.1% | ADD 46% |
| 13 | UDRUDR INC | 682,339 | $23M | 1.1% | ADD 38% |
| 14 | MAAMID-AMER APT CMNTYS INC | 185,368 | $23M | 1.1% | ADD 32% |
| 15 | AMHAMERICAN HOMES 4 RENT | 798,210 | $22M | 1.1% | NEW |
| 16 | VGSHVANGUARD SHORT-TERM TREASURY ETF | 222,200 | $13M | 0.6% | HOLD |
| 17 | AGGISHARES TR | 15,666 | $2M | 0.1% | ADD 113% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VOOVANGUARD INDEX FDS | 2.1M | 1.7M | 1.2M | 1.6M | 1.8M | 1.5M | $924M |
| BBJPJ P MORGAN EXCHANGE TRADED F | — | — | — | — | — | 3.3M | $227M |
| IEFAISHARES TR | 689K | 2.0M | 1.9M | 2.0M | 2.1M | 2.5M | $223M |
| VTIVANGUARD INDEX FDS | 779K | 790K | 726K | 689K | 627K | 646K | $207M |
| IEMGISHARES INC | 584K | 617K | 552K | 603K | 637K | 2.6M | $181M |
| XBISPDR SERIES TRUST | 562K | 562K | 562K | 412K | 412K | 412K | $53M |
| EQREQUITY RESIDENTIAL | 291K | 291K | 291K | 291K | 291K | 419K | $25M |
| ESSEssex Property Trust | 73K | 73K | 73K | 73K | 73K | 101K | $24M |
| INVHINVITATION HOMES INC | 650K | 650K | 650K | 650K | 650K | 949K | $24M |
| CPTCAMDEN PPTY TR | 183K | 183K | 183K | 183K | 183K | 238K | $23M |
| CRBNISHARES TR | 102K | 102K | 103K | 103K | 104K | 104K | $23M |
| AVBAVALONBAY CMNTYS INC | 97K | 97K | 97K | 97K | 97K | 142K | $23M |
| UDRUDR INC | 494K | 494K | 494K | 494K | 494K | 682K | $23M |
| MAAMID-AMER APT CMNTYS INC | 141K | 141K | 141K | 141K | 141K | 185K | $23M |
| AMHAMERICAN HOMES 4 RENT | — | — | — | — | — | 798K | $22M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
