CIK 1616004
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 | 96.37% | 19 |
| Software | 1.70% | 1 |
| Aerospace & Defense | 0.62% | 2 |
| Specialty Retail | 0.45% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 0.27% | 1 |
| Software & IT Services | 0.22% | 1 |
| Technology Hardware & Equipment | 0.20% | 1 |
| Road & Rail | 0.15% | 1 |
| Semiconductors & Semiconductor Equipment | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IEFA | ISHARES TR | Unclassified | 15.02% |
| 2 | VTWO | VANGUARD SCOTTSDALE FDS | Unclassified | 12.89% |
| 3 | USRT | ISHARES TR | Unclassified | 12.09% |
| 4 | SPYM | SPDR SERIES TRUST | Unclassified | 11.64% |
| 5 | SPTI | SPDR SERIES TRUST | Unclassified | 10.42% |
| 6 | SPTS | SPDR SERIES TRUST | Unclassified | 6.16% |
| 7 | BCI | ETFS TR | Unclassified | 4.23% |
| 8 | VGLT | VANGUARD SCOTTSDALE FDS | Unclassified | 3.92% |
| 9 | REMX | VANECK ETF TRUST | Unclassified | 3.55% |
| 10 | IEMG | ISHARES INC | Unclassified | 3.55% |
10/29 names classified · sector 3.6% of weight · industry 3.6% · mkt cap 3.6%; 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: 3.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 4% of book weight classified — the grid is NOT representative of the whole book.
Classified: 3.6% of book weight (9/29 names) · unclassified 96.4%: IEFA, VTWO, USRT, SPYM, SPTI, SPTS, BCI, VGLT, REMX, IEMG +10 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 | IEFAISHARES TR | 245,596 | $22M | 15.0% | TRIM −2% |
| 2 | VTWOVANGUARD SCOTTSDALE FDS | 190,532 | $19M | 12.9% | TRIM −16% |
| 3 | USRTISHARES TR | 302,482 | $18M | 12.1% | TRIM −13% |
| 4 | SPYMSPDR SERIES TRUST | 225,098 | $17M | 11.6% | ADD 4% |
| 5 | SPTISPDR SERIES TRUST | 538,400 | $15M | 10.4% | ADD 7% |
| 6 | SPTSSPDR SERIES TRUST | 312,600 | $9M | 6.2% | ADD 6% |
| 7 | BCIETFS TR | 257,512 | $6M | 4.2% | NEW |
| 8 | VGLTVANGUARD SCOTTSDALE FDS | 104,837 | $6M | 3.9% | ADD 6% |
| 9 | REMXVANECK ETF TRUST | 59,799 | $5M | 3.6% | NEW |
| 10 | IEMGISHARES INC | 75,350 | $5M | 3.6% | NEW |
| 11 | DTCRGLOBAL X FDS | 189,840 | $5M | 3.1% | NEW |
| 12 | SRLNSSGA ACTIVE ETF TR | 93,954 | $4M | 2.5% | ADD 8% |
| 13 | MSFTMICROSOFT CORP | 6,789 | $3M | 1.7% | HOLD |
| 14 | XLUSELECT SECTOR SPDR TR | 52,815 | $2M | 1.6% | TRIM −44% |
| 15 | SHYGISHARES TR | 53,932 | $2M | 1.5% | ADD 8% |
| 16 | IYWISHARES TR | 10,956 | $2M | 1.3% | NEW |
| 17 | GLDMWORLD GOLD TR | 15,346 | $1M | 1.0% | TRIM −13% |
| 18 | VCLTVANGUARD SCOTTSDALE FDS | 18,750 | $1M | 0.9% | ADD 7% |
| 19 | DFACDIMENSIONAL ETF TRUST | 24,007 | $932,931 | 0.6% | HOLD |
| 20 | BABOEING CO | 2,500 | $497,509 | 0.3% | HOLD |
| 21 | SHWSHERWIN WILLIAMS CO | 1,350 | $432,743 | 0.3% | HOLD |
| 22 | LMTLOCKHEED MARTIN CORP | 707 | $427,304 | 0.3% | HOLD |
| 23 | AHRAMERICAN HEALTHCARE REIT INC | 8,339 | $393,267 | 0.3% | HOLD |
| 24 | GOOGALPHABET INC | 1,153 | $330,750 | 0.2% | HOLD |
| 25 | VTVVANGUARD INDEX FDS | 1,600 | $313,920 | 0.2% | HOLD |
| 26 | AAPLAPPLE INC | 1,151 | $292,112 | 0.2% | ADD 44% |
| 27 | AMZNAMAZON COM INC | 1,088 | $226,598 | 0.2% | ADD 20% |
| 28 | UNPUNION PAC CORP | 886 | $214,961 | 0.1% | NEW |
| 29 | MVISMICROVISION INC DEL | 65,724 | $42,142 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IEFAISHARES TR | 235K | 239K | 263K | 259K | 251K | 246K | $22M |
| VTWOVANGUARD SCOTTSDALE FDS | 175K | 183K | 231K | 231K | 228K | 191K | $19M |
| USRTISHARES TR | 312K | 275K | 284K | 350K | 348K | 302K | $18M |
| SPYMSPDR SERIES TRUST | 221K | 224K | 230K | 220K | 217K | 225K | $17M |
| SPTISPDR SERIES TRUST | 453K | 478K | 486K | 501K | 503K | 538K | $15M |
| SPTSSPDR SERIES TRUST | 255K | 275K | 285K | 295K | 294K | 313K | $9M |
| BCIETFS TR | — | — | — | — | — | 258K | $6M |
| VGLTVANGUARD SCOTTSDALE FDS | 118K | 118K | 101K | 100K | 99K | 105K | $6M |
| REMXVANECK ETF TRUST | — | — | — | — | — | 60K | $5M |
| IEMGISHARES INC | — | — | — | — | — | 75K | $5M |
| DTCRGLOBAL X FDS | — | — | — | — | — | 190K | $5M |
| SRLNSSGA ACTIVE ETF TR | — | 81K | 83K | 87K | 87K | 94K | $4M |
| MSFTMICROSOFT CORP | 8K | 7K | 7K | 7K | 7K | 7K | $3M |
| XLUSELECT SECTOR SPDR TR | 41K | 46K | 48K | 48K | 95K | 53K | $2M |
| SHYGISHARES TR | 45K | 47K | 49K | 50K | 50K | 54K | $2M |
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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