CIK 1653012
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 | 99.05% | 23 |
| Semiconductors & Semiconductor Equipment | 0.50% | 1 |
| Software & IT Services | 0.16% | 1 |
| Technology Hardware & Equipment | 0.15% | 1 |
| Electrical Equipment & Components | 0.12% | 1 |
| Pharmaceuticals & Biotechnology | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | Unclassified | 40.02% |
| 2 | SPYG | SPDR SERIES TRUST STATE STREET SPD | Unclassified | 12.34% |
| 3 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 10.88% |
| 4 | QQQ | INVESCO QQQ TR | Unclassified | 7.11% |
| 5 | XLC | SELECT SECTOR SPDR TR | Unclassified | 3.69% |
| 6 | GLD | SPDR GOLD TR | Unclassified | 3.38% |
| 7 | VUG | VANGUARD INDEX FDS | Unclassified | 3.03% |
| 8 | IYW | ISHARES TR | Unclassified | 2.72% |
| 9 | VGT | VANGUARD WORLD FD | Unclassified | 2.32% |
| 10 | XLK | SELECT SECTOR SPDR TR | Unclassified | 2.26% |
5/28 names classified · sector 1.0% of weight · industry 1.0% · mkt cap 1.0%; 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: 1.0% 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 (4/28 names) · unclassified 99.1%: VOO, SPYG, SPY, QQQ, XLC, GLD, VUG, IYW, VGT, XLK +14 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 | VOOVANGUARD INDEX FDS | 114,867 | $69M | 40.0% | TRIM −3% |
| 2 | SPYGSPDR SERIES TRUST STATE STREET SPD | 216,149 | $21M | 12.3% | HOLD |
| 3 | SPYSTATE STR SPDR S&P 500 ETF T | 28,693 | $19M | 10.9% | TRIM −28% |
| 4 | QQQINVESCO QQQ TR | 21,131 | $12M | 7.1% | TRIM −6% |
| 5 | XLCSELECT SECTOR SPDR TR | 57,048 | $6M | 3.7% | TRIM −2% |
| 6 | GLDSPDR GOLD TR | 13,456 | $6M | 3.4% | ADD 27% |
| 7 | VUGVANGUARD INDEX FDS | 11,912 | $5M | 3.0% | HOLD |
| 8 | IYWISHARES TR | 25,680 | $5M | 2.7% | TRIM −38% |
| 9 | VGTVANGUARD WORLD FD | 5,706 | $4M | 2.3% | HOLD |
| 10 | XLKSELECT SECTOR SPDR TR | 29,220 | $4M | 2.3% | ADD 7% |
| 11 | SMHVANECK ETF TRUST | 9,568 | $4M | 2.1% | ADD 2% |
| 12 | FTECFIDELITY COVINGTON TRUST | 13,190 | $3M | 1.6% | HOLD |
| 13 | RSPINVESCO EXCHANGE TRADED FD T | 12,808 | $2M | 1.4% | HOLD |
| 14 | FNDFSCHWAB STRATEGIC TR | 45,897 | $2M | 1.3% | NEW |
| 15 | ITAIShares U.S. Aerospace & Defense ETF | 9,500 | $2M | 1.2% | NEW |
| 16 | SPYMSPDR SERIES TRUST | 17,617 | $1M | 0.8% | TRIM −77% |
| 17 | XMESPDR SERIES TRUST | 12,460 | $1M | 0.8% | NEW |
| 18 | ONEQFIDELITY COMWLTH TR | 11,461 | $973,205 | 0.6% | TRIM −22% |
| 19 | XLISELECT SECTOR SPDR TR | 5,493 | $888,421 | 0.5% | HOLD |
| 20 | NVDANVIDIA CORPORATION | 4,937 | $861,181 | 0.5% | HOLD |
| 21 | AIQGLOBAL X FDS | 12,564 | $586,361 | 0.3% | NEW |
| 22 | DTCRGLOBAL X FDS | 20,604 | $493,671 | 0.3% | NEW |
| 23 | IVVISHARES TR | 459 | $300,074 | 0.2% | HOLD |
| 24 | GOOGLALPHABET INC | 954 | $274,503 | 0.2% | HOLD |
| 25 | AAPLAPPLE INC | 994 | $252,267 | 0.1% | HOLD |
| 26 | GRWTCW ETF TRUST | 8,530 | $234,619 | 0.1% | HOLD |
| 27 | GEVGE VERNOVA INC | 243 | $212,114 | 0.1% | NEW |
| 28 | IVVDINVIVYD INC | 27,932 | $36,311 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VOOVANGUARD INDEX FDS | 94K | 93K | 122K | 120K | 119K | 115K | $69M |
| SPYGSPDR SERIES TRUST STATE STREET SPD | — | — | 224K | 222K | 218K | 216K | $21M |
| SPYSTATE STR SPDR S&P 500 ETF T | 68K | 50K | 46K | 41K | 40K | 29K | $19M |
| QQQINVESCO QQQ TR | 13K | 13K | 22K | 23K | 22K | 21K | $12M |
| XLCSELECT SECTOR SPDR TR | 41K | 42K | 61K | 60K | 58K | 57K | $6M |
| GLDSPDR GOLD TR | 12K | 12K | 11K | 11K | 11K | 13K | $6M |
| VUGVANGUARD INDEX FDS | 7K | 7K | 11K | 12K | 12K | 12K | $5M |
| IYWISHARES TR | 88K | 86K | 41K | 41K | 42K | 26K | $5M |
| VGTVANGUARD WORLD FD | 6K | 6K | 6K | 6K | 6K | 6K | $4M |
| XLKSELECT SECTOR SPDR TR | 48K | 38K | 12K | 12K | 27K | 29K | $4M |
| SMHVANECK ETF TRUST | 30K | 18K | 9K | 10K | 9K | 10K | $4M |
| FTECFIDELITY COVINGTON TRUST | — | — | 14K | 14K | 13K | 13K | $3M |
| RSPINVESCO EXCHANGE TRADED FD T | 32K | 32K | 17K | 15K | 13K | 13K | $2M |
| FNDFSCHWAB STRATEGIC TR | — | — | — | — | — | 46K | $2M |
| ITAIShares U.S. Aerospace & Defense ETF | — | — | — | — | — | 10K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
