CIK 1857581
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 | 99.59% | 12 |
| Media & Entertainment | 0.25% | 1 |
| Diversified Consumer Services | 0.16% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 33.36% |
| 2 | VEU | VANGUARD INTL EQUITY INDEX F | Unclassified | 16.79% |
| 3 | RSP | INVESCO EXCHANGE TRADED FD T | Unclassified | 8.80% |
| 4 | TLT | ISHARES TR | Unclassified | 6.86% |
| 5 | AMLP | ALPS ETF TR | Unclassified | 6.03% |
| 6 | EFA | ISHARES TR | Unclassified | 5.57% |
| 7 | IVV | ISHARES TR | Unclassified | 4.87% |
| 8 | VBR | VANGUARD INDEX FDS | Unclassified | 4.36% |
| 9 | NUV | NUVEEN MUN VALUE FD INC | Unclassified | 4.31% |
| 10 | COWZ | PACER FDS TR | Unclassified | 3.59% |
2/14 names classified · sector 0.4% of weight · industry 0.4% · mkt cap 0.4%; 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: 0.4% 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 (0/14 names) · unclassified 100.0%: SPY, VEU, RSP, TLT, AMLP, EFA, IVV, VBR, NUV, COWZ +4 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 | SPYSTATE STR SPDR S&P 500 ETF T | 89,500 | $58M | 33.4% | HOLD |
| 2 | VEUVANGUARD INTL EQUITY INDEX F | 390,000 | $29M | 16.8% | TRIM −4% |
| 3 | RSPINVESCO EXCHANGE TRADED FD T | 80,000 | $15M | 8.8% | HOLD |
| 4 | TLTISHARES TR | 138,000 | $12M | 6.9% | HOLD |
| 5 | AMLPALPS ETF TR | 200,000 | $11M | 6.0% | HOLD |
| 6 | EFAISHARES TR | 100,000 | $10M | 5.6% | TRIM −7% |
| 7 | IVVISHARES TR | 13,000 | $8M | 4.9% | TRIM −24% |
| 8 | VBRVANGUARD INDEX FDS | 35,000 | $8M | 4.4% | HOLD |
| 9 | NUVNUVEEN MUN VALUE FD INC | 836,112 | $8M | 4.3% | TRIM −16% |
| 10 | COWZPACER FDS TR | 100,000 | $6M | 3.6% | HOLD |
| 11 | XLUSELECT SECTOR SPDR TR | 130,000 | $6M | 3.4% | HOLD |
| 12 | FXIISHARES TR | 80,000 | $3M | 1.6% | HOLD |
| 13 | IHRTIHEARTMEDIA INC | 150,000 | $438,000 | 0.3% | TRIM −67% |
| 14 | WWWW INTL INC | 20,000 | $274,800 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 90K | 90K | 90K | 90K | 90K | 90K | $58M |
| VEUVANGUARD INTL EQUITY INDEX F | 408K | 408K | 408K | 408K | 408K | 390K | $29M |
| RSPINVESCO EXCHANGE TRADED FD T | 80K | 80K | 80K | 80K | 80K | 80K | $15M |
| TLTISHARES TR | 138K | 138K | 138K | 138K | 138K | 138K | $12M |
| AMLPALPS ETF TR | — | — | — | — | 200K | 200K | $11M |
| EFAISHARES TR | — | 107K | 107K | 107K | 107K | 100K | $10M |
| IVVISHARES TR | 45K | 17K | 17K | 17K | 17K | 13K | $8M |
| VBRVANGUARD INDEX FDS | 35K | 35K | 35K | 35K | 35K | 35K | $8M |
| NUVNUVEEN MUN VALUE FD INC | 1.1M | 1.1M | 1.1M | 1.0M | 1.0M | 836K | $8M |
| COWZPACER FDS TR | 100K | 100K | 100K | 100K | 100K | 100K | $6M |
| XLUSELECT SECTOR SPDR TR | 65K | 65K | 65K | 65K | 130K | 130K | $6M |
| FXIISHARES TR | 80K | 80K | 80K | 80K | 80K | 80K | $3M |
| IHRTIHEARTMEDIA INC | 900K | 900K | 900K | 650K | 450K | 150K | $438,000 |
| WWWW INTL INC | — | — | — | 20K | 20K | 20K | $274,800 |
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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