CIK 1656150
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 | 90.99% | 26 |
| Pharmaceuticals & Biotechnology | 1.78% | 3 |
| Technology Hardware & Equipment | 1.74% | 3 |
| Oil, Gas & Consumable Fuels | 1.07% | 2 |
| Beverages | 0.70% | 1 |
| Diversified Telecommunication Services | 0.70% | 1 |
| Professional Services | 0.47% | 1 |
| Banks | 0.46% | 2 |
| Software | 0.46% | 2 |
| Specialty Retail | 0.30% | 2 |
| Chemicals | 0.28% | 2 |
| Machinery | 0.27% | 1 |
| Insurance | 0.26% | 1 |
| Health Care Equipment & Supplies | 0.22% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.17% | 1 |
| Capital Markets | 0.13% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VYM | VANGUARD WHITEHALL FDS | Unclassified | 12.36% |
| 2 | FEZ | SPDR INDEX SHS FDS | Unclassified | 12.23% |
| 3 | PVAL | Putnam Focased Large Cap Value ETF | Unclassified | 11.59% |
| 4 | GLDM | WORLD GOLD TR | Unclassified | 10.44% |
| 5 | IEFA | ISHARES TR | Unclassified | 8.42% |
| 6 | GDX | VANECK ETF TRUST GOLD MINERS ETF | Unclassified | 7.09% |
| 7 | RWR | SPDR SERIES TRUST | Unclassified | 6.90% |
| 8 | FLOT | ISHARES TR | Unclassified | 5.08% |
| 9 | BKLN | INVESCO EXCH TRADED FD TR II | Unclassified | 2.42% |
| 10 | FRDM | EA SERIES TRUST | Unclassified | 2.04% |
24/50 names classified · sector 9.0% of weight · industry 9.0% · mkt cap 8.5%; 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: 9.0% 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: 8.5% of book weight (23/49 names) · unclassified 91.5%: VYM, FEZ, PVAL, GLDM, IEFA, GDX, RWR, FLOT, BKLN, FRDM +16 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 | VYMVANGUARD WHITEHALL FDS | 163,823 | $24M | 12.4% | HOLD |
| 2 | FEZSPDR INDEX SHS FDS | 382,422 | $24M | 12.2% | ADD 3% |
| 3 | PVALPutnam Focased Large Cap Value ETF | 486,775 | $23M | 11.6% | NEW |
| 4 | GLDMWORLD GOLD TR | 222,303 | $21M | 10.4% | TRIM −3% |
| 5 | IEFAISHARES TR | 180,252 | $17M | 8.4% | HOLD |
| 6 | GDXVANECK ETF TRUST GOLD MINERS ETF | 147,996 | $14M | 7.1% | TRIM −4% |
| 7 | RWRSPDR SERIES TRUST | 132,183 | $14M | 6.9% | NEW |
| 8 | FLOTISHARES TR | 196,584 | $10M | 5.1% | ADD 8% |
| 9 | BKLNINVESCO EXCH TRADED FD TR II | 232,234 | $5M | 2.4% | ADD 3% |
| 10 | FRDMEA SERIES TRUST | 72,198 | $4M | 2.0% | NEW |
| 11 | IWCISHARES TR | 23,888 | $4M | 2.0% | NEW |
| 12 | VTIVANGUARD INDEX FDS | 10,270 | $3M | 1.7% | HOLD |
| 13 | ANGLVANECK ETF TRUST | 113,524 | $3M | 1.7% | ADD 5% |
| 14 | CLOIVANECK ETF TRUST | 55,966 | $3M | 1.5% | ADD 4% |
| 15 | ISHARES TR | 46,360 | $3M | 1.4% | TRIM −2% |
| 16 | CSCOCISCO SYS INC | 21,051 | $2M | 0.9% | TRIM −5% |
| 17 | VIGVANGUARD SPECIALIZED FUNDS | 7,581 | $2M | 0.8% | HOLD |
| 18 | KOCOCA COLA CO | 17,753 | $1M | 0.7% | HOLD |
| 19 | VZVERIZON COMMUNICATIONS INC | 27,763 | $1M | 0.7% | ADD 2% |
| 20 | JNJJOHNSON & JOHNSON | 5,579 | $1M | 0.7% | HOLD |
| 21 | AORISHARES TR | 20,278 | $1M | 0.7% | TRIM −13% |
| 22 | MRKMERCK & CO INC | 10,164 | $1M | 0.6% | ADD 4% |
| 23 | IBMINTERNATIONAL BUSINESS MACHS | 4,719 | $1M | 0.6% | TRIM −4% |
| 24 | CVXCHEVRON CORP NEW | 5,725 | $1M | 0.6% | ADD 6% |
| 25 | INVSC QQQ TR | 1,840 | $1M | 0.5% | HOLD |
| 26 | BNDVANGUARD BD INDEX FDS | 14,669 | $1M | 0.5% | HOLD |
| 27 | XOMEXXON MOBIL CORP | 5,987 | $969,839 | 0.5% | HOLD |
| 28 | VNQVANGUARD INDEX FDS | 10,244 | $926,826 | 0.5% | HOLD |
| 29 | AMGNAMGEN INC | 2,687 | $922,504 | 0.5% | HOLD |
| 30 | STNSTANTEC INC | 10,458 | $919,623 | 0.5% | HOLD |
| 31 | IVVISHARES TR | 1,231 | $813,526 | 0.4% | ADD 12% |
| 32 | JPMJPMORGAN CHASE & CO | 2,357 | $698,494 | 0.4% | HOLD |
| 33 | MSFTMICROSOFT CORP | 1,806 | $671,514 | 0.3% | ADD 4% |
| 34 | AAPLAPPLE INC | 2,273 | $588,561 | 0.3% | ADD 112% |
| 35 | CATCATERPILLAR INC | 732 | $524,116 | 0.3% | HOLD |
| 36 | UNHUNITEDHEALTH GROUP INC | 1,846 | $520,231 | 0.3% | ADD 2% |
| 37 | MMM3M CO | 3,014 | $436,970 | 0.2% | HOLD |
| 38 | SPGSIMON PPTY GROUP INC NEW | 1,799 | $341,038 | 0.2% | HOLD |
| 39 | NKENIKE INC | 6,802 | $299,696 | 0.2% | ADD 5% |
| 40 | WMTWALMART INC | 2,340 | $295,601 | 0.2% | HOLD |
| 41 | MGKVanguard Mega Cap Growth ETF | 792 | $295,353 | 0.2% | HOLD |
| 42 | SPYSTATE STR SPDR S&P 500 ETF T | 446 | $293,401 | 0.1% | HOLD |
| 43 | HDHOME DEPOT INC | 898 | $291,952 | 0.1% | ADD 18% |
| 44 | IWPISHARES TR | 2,229 | $289,124 | 0.1% | TRIM −96% |
| 45 | MOATVANECK ETF TRUST | 2,820 | $272,750 | 0.1% | HOLD |
| 46 | GSGOLDMAN SACHS GROUP INC | 294 | $254,572 | 0.1% | HOLD |
| 47 | PGPROCTER AND GAMBLE CO | 1,783 | $253,828 | 0.1% | NEW |
| 48 | ORCLORACLE CORP | 1,597 | $231,148 | 0.1% | HOLD |
| 49 | GBCIGLACIER BANCORP INC NEW | 4,590 | $211,070 | 0.1% | HOLD |
| 50 | GUTGABELLI UTIL TR | 24,977 | $149,862 | 0.1% | TRIM −9% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VYMVANGUARD WHITEHALL FDS | 162K | 168K | 169K | 165K | 164K | 164K | $24M |
| FEZSPDR INDEX SHS FDS | — | — | 343K | 370K | 373K | 382K | $24M |
| PVALPutnam Focased Large Cap Value ETF | — | — | — | — | — | 487K | $23M |
| GLDMWORLD GOLD TR | 238K | 236K | 237K | 236K | 228K | 222K | $21M |
| IEFAISHARES TR | — | 177K | 177K | 180K | 180K | 180K | $17M |
| GDXVANECK ETF TRUST GOLD MINERS ETF | — | 161K | 159K | 157K | 154K | 148K | $14M |
| RWRSPDR SERIES TRUST | 112K | — | — | — | — | 132K | $14M |
| FLOTISHARES TR | 159K | 165K | 169K | 177K | 183K | 197K | $10M |
| BKLNINVESCO EXCH TRADED FD TR II | 172K | 191K | 199K | 210K | 225K | 232K | $5M |
| FRDMEA SERIES TRUST | — | — | — | — | — | 72K | $4M |
| IWCISHARES TR | — | — | — | — | — | 24K | $4M |
| VTIVANGUARD INDEX FDS | 10K | 10K | 10K | 10K | 10K | 10K | $3M |
| ANGLVANECK ETF TRUST | 90K | 92K | 95K | 102K | 109K | 114K | $3M |
| CLOIVANECK ETF TRUST | 39K | 45K | 47K | 49K | 54K | 56K | $3M |
| ISHARES TR | 47K | 48K | 48K | 48K | 47K | 46K | $3M |
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.
