CIK 1851813
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 | 100.00% | 7 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 32.62% |
| 2 | EFA | ISHARES TR | Unclassified | 21.84% |
| 3 | IEMG | ISHARES INC | Unclassified | 13.92% |
| 4 | IWF | ISHARES TR | Unclassified | 13.21% |
| 5 | GNR | SPDR INDEX SHS FDS | Unclassified | 11.32% |
| 6 | EFV | ISHARES TR | Unclassified | 5.98% |
| 7 | ACWI | ISHARES TR | Unclassified | 1.11% |
0/7 names classified · sector 0.0% of weight · industry 0.0% · mkt cap 0.0%; 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: 0.0% 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: 0.0% of book weight (0/7 names) · unclassified 100.0%: SPY, EFA, IEMG, IWF, GNR, EFV, ACWI. 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 | 531,500 | $346M | 32.6% | TRIM −5% |
| 2 | EFAISHARES TR | 2,382,932 | $231M | 21.8% | TRIM −2% |
| 3 | IEMGISHARES INC | 2,115,000 | $148M | 13.9% | TRIM −3% |
| 4 | IWFISHARES TR | 328,400 | $140M | 13.2% | TRIM −3% |
| 5 | GNRSPDR INDEX SHS FDS | 1,606,000 | $120M | 11.3% | HOLD |
| 6 | EFVISHARES TR | 853,000 | $63M | 6.0% | TRIM −5% |
| 7 | ACWIISHARES TR | 85,000 | $12M | 1.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 524K | 506K | 506K | 506K | 558K | 532K | $346M |
| EFAISHARES TR | 2.4M | 2.2M | 2.4M | 2.4M | 2.4M | 2.4M | $231M |
| IEMGISHARES INC | 431K | 2.4M | 2.2M | 2.2M | 2.2M | 2.1M | $148M |
| IWFISHARES TR | — | — | — | — | 337K | 328K | $140M |
| GNRSPDR INDEX SHS FDS | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | $120M |
| EFVISHARES TR | — | — | — | — | 895K | 853K | $63M |
| ACWIISHARES TR | 970K | 640K | 85K | 85K | 85K | 85K | $12M |
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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