CIK 1948622
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 | 97.56% | 23 |
| Oil, Gas & Consumable Fuels | 1.52% | 3 |
| Utilities | 0.61% | 1 |
| Specialty Retail | 0.22% | 1 |
| Metals & Mining | 0.10% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AVOS | EA SERIES TRUST | Unclassified | 33.67% |
| 2 | SGOV | ISHARES TR | Unclassified | 30.39% |
| 3 | DBC | INVESCO DB COMMDY INDX TRCK | Unclassified | 5.09% |
| 4 | IGOV | ISHARES TR | Unclassified | 3.30% |
| 5 | EBND | SPDR SERIES TRUST | Unclassified | 3.07% |
| 6 | LTPZ | PIMCO ETF TR | Unclassified | 3.01% |
| 7 | GUNR | FLEXSHARES TR | Unclassified | 2.99% |
| 8 | GLDM | WORLD GOLD TR | Unclassified | 2.91% |
| 9 | SGOL | ETFS GOLD TR | Unclassified | 2.58% |
| 10 | SPTL | SPDR SERIES TRUST | Unclassified | 2.49% |
7/29 names classified · sector 2.7% of weight · industry 2.4% · mkt cap 2.6%; 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: 2.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 1.7% of book weight (4/29 names) · unclassified 98.3%: AVOS, SGOV, DBC, IGOV, EBND, LTPZ, GUNR, GLDM, SGOL, SPTL +15 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 | AVOSEA SERIES TRUST | 3,459,302 | $85M | 33.7% | NEW |
| 2 | SGOVISHARES TR | 763,913 | $77M | 30.4% | HOLD |
| 3 | DBCINVESCO DB COMMDY INDX TRCK | 445,222 | $13M | 5.1% | ADD 8% |
| 4 | IGOVISHARES TR | 203,402 | $8M | 3.3% | ADD 11% |
| 5 | EBNDSPDR SERIES TRUST | 376,047 | $8M | 3.1% | ADD 51% |
| 6 | LTPZPIMCO ETF TR | 149,430 | $8M | 3.0% | TRIM −57% |
| 7 | GUNRFLEXSHARES TR | 137,030 | $8M | 3.0% | TRIM −13% |
| 8 | GLDMWORLD GOLD TR | 79,414 | $7M | 2.9% | TRIM −21% |
| 9 | SGOLETFS GOLD TR | 146,362 | $7M | 2.6% | TRIM −22% |
| 10 | SPTLSPDR SERIES TRUST | 239,783 | $6M | 2.5% | TRIM −40% |
| 11 | EMLCVANECK ETF TRUST | 243,653 | $6M | 2.4% | ADD 12% |
| 12 | VDEVANGUARD WORLD FD | 23,999 | $4M | 1.6% | ADD 32% |
| 13 | CVXCHEVRON CORP NEW | 11,821 | $2M | 1.0% | NEW |
| 14 | IVOLKRANESHARES TRUST | 93,126 | $2M | 0.7% | ADD 17% |
| 15 | ETENERGY TRANSFER L P | 79,365 | $2M | 0.6% | ADD 3% |
| 16 | VEAVANGUARD TAX-MANAGED FDS | 21,758 | $1M | 0.6% | TRIM −90% |
| 17 | RRCRANGE RES CORP | 25,829 | $1M | 0.5% | TRIM −31% |
| 18 | DEMWISDOMTREE TR | 22,621 | $1M | 0.4% | TRIM −85% |
| 19 | IEMGISHARES INC | 14,164 | $987,918 | 0.4% | TRIM −81% |
| 20 | DGSWISDOMTREE TR | 15,711 | $944,204 | 0.4% | TRIM −86% |
| 21 | PDBCINVESCO ACTVELY MNGD ETC FD | 51,214 | $887,021 | 0.4% | ADD 61% |
| 22 | TIPISHARES TR | 5,975 | $659,401 | 0.3% | TRIM −52% |
| 23 | VTIVANGUARD INDEX FDS | 1,957 | $627,783 | 0.2% | TRIM −51% |
| 24 | BRK.BBERKSHIRE HATHAWAY INC DEL | 1,280 | $613,376 | 0.2% | TRIM −9% |
| 25 | TLTISHARES TR | 6,718 | $582,345 | 0.2% | TRIM −83% |
| 26 | AMZNAMAZON COM INC | 2,716 | $565,661 | 0.2% | NEW |
| 27 | IAUMISHARES GOLD TR | 11,487 | $536,443 | 0.2% | TRIM −33% |
| 28 | CCJCAMECO CORP | 2,220 | $241,078 | 0.1% | TRIM −87% |
| 29 | VLOVALERO ENERGY CORP | 919 | $227,113 | 0.1% | TRIM −95% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AVOSEA SERIES TRUST | — | — | — | — | — | 3.5M | $85M |
| SGOVISHARES TR | 528K | 653K | 618K | 654K | 753K | 764K | $77M |
| DBCINVESCO DB COMMDY INDX TRCK | — | 254K | 342K | 409K | 410K | 445K | $13M |
| IGOVISHARES TR | — | 122K | 151K | 177K | 183K | 203K | $8M |
| EBNDSPDR SERIES TRUST | — | 164K | 209K | 248K | 250K | 376K | $8M |
| LTPZPIMCO ETF TR | 213K | 204K | 279K | 336K | 346K | 149K | $8M |
| GUNRFLEXSHARES TR | 126K | 110K | 139K | 158K | 158K | 137K | $8M |
| GLDMWORLD GOLD TR | — | 90K | 96K | 111K | 101K | 79K | $7M |
| SGOLETFS GOLD TR | 167K | 162K | 174K | 200K | 189K | 146K | $7M |
| SPTLSPDR SERIES TRUST | — | — | — | — | 401K | 240K | $6M |
| EMLCVANECK ETF TRUST | — | 159K | 183K | 215K | 217K | 244K | $6M |
| VDEVANGUARD WORLD FD | 20K | 14K | 14K | 16K | 18K | 24K | $4M |
| CVXCHEVRON CORP NEW | — | — | — | — | — | 12K | $2M |
| IVOLKRANESHARES TRUST | — | — | — | 79K | 80K | 93K | $2M |
| ETENERGY TRANSFER L P | 90K | 86K | 66K | 76K | 77K | 79K | $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.
