CIK 1594540
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 | 98.27% | 6 |
| Technology Hardware & Equipment | 1.15% | 1 |
| Machinery | 0.44% | 1 |
| Pharmaceuticals & Biotechnology | 0.14% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 41.35% |
| 2 | IEF | ISHARES TR | Unclassified | 37.90% |
| 3 | SGOV | ISHARES TR | Unclassified | 18.68% |
| 4 | AAPL | Apple Inc. | Information Technology | 1.15% |
| 5 | CAT | CATERPILLAR INC | Industrials | 0.44% |
| 6 | DFAS | DIMENSIONAL ETF TRUST | Unclassified | 0.14% |
| 7 | JNJ | JOHNSON & JOHNSON | Health Care | 0.14% |
| 8 | DFUS | DIMENSIONAL ETF TRUST | Unclassified | 0.12% |
| 9 | DFAT | DIMENSIONAL ETF TRUST | Unclassified | 0.07% |
3/9 names classified · sector 1.7% of weight · industry 1.7% · mkt cap 1.7%; 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: 1.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 1.7% of book weight (3/9 names) · unclassified 98.3%: SPY, IEF, SGOV, DFAS, DFUS, DFAT. 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 | 283,624 | $184M | 41.3% | TRIM −4% |
| 2 | IEFISHARES TR | 1,771,690 | $169M | 37.9% | HOLD |
| 3 | SGOVISHARES TR | 827,981 | $83M | 18.7% | TRIM −7% |
| 4 | AAPLAPPLE INC | 20,160 | $5M | 1.1% | HOLD |
| 5 | CATCATERPILLAR INC | 2,800 | $2M | 0.4% | HOLD |
| 6 | DFASDIMENSIONAL ETF TRUST | 8,891 | $632,417 | 0.1% | HOLD |
| 7 | JNJJOHNSON & JOHNSON | 2,550 | $623,322 | 0.1% | HOLD |
| 8 | DFUSDIMENSIONAL ETF TRUST | 7,433 | $527,074 | 0.1% | HOLD |
| 9 | DFATDIMENSIONAL ETF TRUST | 5,188 | $323,991 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 267K | 264K | 309K | 299K | 296K | 284K | $184M |
| IEFISHARES TR | — | — | 1.7M | 1.9M | 1.8M | 1.8M | $169M |
| SGOVISHARES TR | — | — | 675K | 951K | 886K | 828K | $83M |
| AAPLAPPLE INC | 20K | 20K | 20K | 20K | 20K | 20K | $5M |
| CATCATERPILLAR INC | 3K | 3K | 3K | 3K | 3K | 3K | $2M |
| DFASDIMENSIONAL ETF TRUST | 9K | 9K | 9K | 9K | 9K | 9K | $632,417 |
| JNJJOHNSON & JOHNSON | 3K | 3K | 3K | 3K | 3K | 3K | $623,322 |
| DFUSDIMENSIONAL ETF TRUST | 7K | 7K | 7K | 7K | 7K | 7K | $527,074 |
| DFATDIMENSIONAL ETF TRUST | 5K | 5K | 5K | 5K | 5K | 5K | $323,991 |
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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