CIK 1588873
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 | 99.90% | 27 |
| Banks | 0.10% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | QVML | INVESCO EXCH TRADED FD TR II | Unclassified | 14.83% |
| 2 | SPTI | SPDR SERIES TRUST | Unclassified | 12.59% |
| 3 | IVV | ISHARES TR | Unclassified | 12.15% |
| 4 | SPTS | SPDR SERIES TRUST | Unclassified | 9.31% |
| 5 | SPTL | SPDR SERIES TRUST | Unclassified | 6.87% |
| 6 | VGK | VANGUARD INTL EQUITY INDEX F | Unclassified | 6.33% |
| 7 | SCHP | SCHWAB STRATEGIC TR | Unclassified | 4.89% |
| 8 | SPIB | SPDR SERIES TRUST | Unclassified | 4.46% |
| 9 | IJH | ISHARES TR | Unclassified | 4.37% |
| 10 | QVMM | INVESCO EXCH TRADED FD TR II | Unclassified | 4.28% |
1/28 names classified · sector 0.1% of weight · industry 0.1% · mkt cap 0.1%; 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: 0.1% of book weight (1/28 names) · unclassified 99.9%: QVML, SPTI, IVV, SPTS, SPTL, VGK, SCHP, SPIB, IJH, QVMM +17 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 | QVMLINVESCO EXCH TRADED FD TR II | 34,132,010 | $1.3B | 14.8% | HOLD |
| 2 | SPTISPDR SERIES TRUST | 38,702,475 | $1.1B | 12.6% | ADD 4% |
| 3 | IVVISHARES TR | 1,637,942 | $1.1B | 12.1% | ADD 19% |
| 4 | SPTSSPDR SERIES TRUST | 28,085,205 | $820M | 9.3% | ADD 9% |
| 5 | SPTLSPDR SERIES TRUST | 22,999,752 | $605M | 6.9% | ADD 49% |
| 6 | VGKVANGUARD INTL EQUITY INDEX F | 6,764,865 | $558M | 6.3% | TRIM −26% |
| 7 | SCHPSCHWAB STRATEGIC TR | 16,188,586 | $431M | 4.9% | ADD 6% |
| 8 | SPIBSPDR SERIES TRUST | 11,704,768 | $393M | 4.5% | HOLD |
| 9 | IJHISHARES TR | 5,705,045 | $385M | 4.4% | ADD 24% |
| 10 | QVMMINVESCO EXCH TRADED FD TR II | 11,882,576 | $377M | 4.3% | HOLD |
| 11 | XBBBONDBLOXX ETF TRUST | 7,372,511 | $300M | 3.4% | HOLD |
| 12 | IEMGISHARES INC | 3,313,829 | $231M | 2.6% | TRIM −37% |
| 13 | QVMSINVESCO EXCH TRADED FD TR II | 7,114,414 | $207M | 2.4% | HOLD |
| 14 | XEMDBONDBLOXX ETF TRUST | 4,714,975 | $207M | 2.4% | HOLD |
| 15 | SPHYSPDR SERIES TRUST | 8,191,734 | $191M | 2.2% | ADD 37% |
| 16 | FLCAFRANKLIN TEMPLETON ETF TR | 2,773,743 | $136M | 1.5% | HOLD |
| 17 | PICKISHARES INC | 1,767,862 | $100M | 1.1% | TRIM −34% |
| 18 | FALNISHARES TR | 3,657,064 | $98M | 1.1% | HOLD |
| 19 | XFIVBONDBLOXX ETF TRUST | 1,332,525 | $66M | 0.7% | ADD 89% |
| 20 | RINGISHARES INC | 776,753 | $61M | 0.7% | TRIM −8% |
| 21 | BBCAJ P MORGAN EXCHANGE TRADED F | 639,622 | $60M | 0.7% | TRIM −30% |
| 22 | XLESELECT SECTOR SPDR TR | 474,882 | $29M | 0.3% | TRIM −52% |
| 23 | ICOPISHARES COPPER AND METALS MINING ETF | 501,672 | $24M | 0.3% | TRIM −36% |
| 24 | BBAXJ P MORGAN EXCHANGE TRADED F | 298,785 | $18M | 0.2% | HOLD |
| 25 | XBBONDBLOXX ETF TRUST | 266,860 | $10M | 0.1% | HOLD |
| 26 | COINCOINBASE GLOBAL INC | 50,757 | $9M | 0.1% | NEW |
| 27 | XCCCBONDBLOXX ETF TRUST | 121,654 | $4M | 0.1% | HOLD |
| 28 | IJRISHARES TR | 24,129 | $3M | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| QVMLINVESCO EXCH TRADED FD TR II | 30.4M | 34.1M | 34.1M | 34.1M | 34.1M | 34.1M | $1.3B |
| SPTISPDR SERIES TRUST | 26.4M | 35.9M | 35.9M | 35.9M | 37.2M | 38.7M | $1.1B |
| IVVISHARES TR | 1.4M | 1.5M | 1.5M | 1.5M | 1.4M | 1.6M | $1.1B |
| SPTSSPDR SERIES TRUST | 21.8M | 21.9M | 21.9M | 21.9M | 25.9M | 28.1M | $820M |
| SPTLSPDR SERIES TRUST | 11.7M | 14.9M | 12.6M | 12.6M | 15.4M | 23.0M | $605M |
| VGKVANGUARD INTL EQUITY INDEX F | 3.7M | 6.4M | 8.8M | 8.8M | 9.1M | 6.8M | $558M |
| SCHPSCHWAB STRATEGIC TR | 15.6M | 16.4M | 16.4M | 16.4M | 15.2M | 16.2M | $431M |
| SPIBSPDR SERIES TRUST | 172K | 164K | 13.0M | 13.0M | 11.7M | 11.7M | $393M |
| IJHISHARES TR | 2.0M | 3.6M | 4.6M | 4.6M | 4.6M | 5.7M | $385M |
| QVMMINVESCO EXCH TRADED FD TR II | 10.9M | 11.9M | 11.9M | 11.9M | 11.9M | 11.9M | $377M |
| XBBBONDBLOXX ETF TRUST | 1.0M | 6.2M | 6.2M | 6.2M | 7.4M | 7.4M | $300M |
| IEMGISHARES INC | 4.8M | 4.8M | 4.8M | 4.8M | 5.2M | 3.3M | $231M |
| QVMSINVESCO EXCH TRADED FD TR II | 7.1M | 7.1M | 7.1M | 7.1M | 7.1M | 7.1M | $207M |
| XEMDBONDBLOXX ETF TRUST | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | $207M |
| SPHYSPDR SERIES TRUST | 1.3M | 6.0M | 6.0M | 6.0M | 6.0M | 8.2M | $191M |
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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