CIK 1994249
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 | 72.06% | 18 |
| Semiconductors & Semiconductor Equipment | 16.02% | 3 |
| Technology Hardware & Equipment | 3.03% | 1 |
| Banks | 2.85% | 1 |
| Specialty Retail | 2.74% | 2 |
| Software & IT Services | 2.38% | 1 |
| Automobiles & Components | 0.86% | 1 |
| Pharmaceuticals & Biotechnology | 0.04% | 1 |
| Metals & Mining | 0.01% | 1 |
| Media & Entertainment | 0.01% | 1 |
| Aerospace & Defense | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | XLU | SELECT SECTOR SPDR TR | Unclassified | 11.17% |
| 2 | RSP | INVESCO EXCHANGE TRADED FD T | Unclassified | 10.13% |
| 3 | IEI | ISHARES TR | Unclassified | 9.99% |
| 4 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 8.05% |
| 5 | XLE | SELECT SECTOR SPDR TR | Unclassified | 7.55% |
| 6 | NVDA | NVIDIA CORP | Information Technology | 7.06% |
| 7 | SMH | VANECK ETF TRUST | Unclassified | 6.15% |
| 8 | VTIP | VANGUARD MALVERN FDS | Unclassified | 5.13% |
| 9 | GLD | SPDR GOLD TR | Unclassified | 4.66% |
| 10 | XLB | SELECT SECTOR SPDR TR | Unclassified | 3.13% |
13/31 names classified · sector 27.9% of weight · industry 27.9% · mkt cap 17.0%; 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: 27.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 17% of book weight classified — the grid is NOT representative of the whole book.
Classified: 17.0% of book weight (11/31 names) · unclassified 83.0%: XLU, RSP, IEI, TSM, XLE, SMH, VTIP, GLD, XLB, NU +10 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 | XLUSELECT SECTOR SPDR TR | 1,186,730 | $54M | 11.2% | NEW |
| 2 | RSPINVESCO EXCHANGE TRADED FD T | 257,217 | $49M | 10.1% | NEW |
| 3 | IEIISHARES TR | 410,500 | $49M | 10.0% | NEW |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 116,018 | $39M | 8.1% | ADD 74% |
| 5 | XLESELECT SECTOR SPDR TR | 601,034 | $37M | 7.6% | NEW |
| 6 | NVDANVIDIA CORPORATION | 197,250 | $34M | 7.1% | ADD 75% |
| 7 | SMHVANECK ETF TRUST | 78,244 | $30M | 6.2% | ADD 98% |
| 8 | VTIPVANGUARD MALVERN FDS | 500,168 | $25M | 5.1% | NEW |
| 9 | GLDSPDR GOLD TR | 52,785 | $23M | 4.7% | NEW |
| 10 | XLBSELECT SECTOR SPDR TR | 305,264 | $15M | 3.1% | NEW |
| 11 | AAPLAPPLE INC | 58,279 | $15M | 3.0% | ADD 291295% |
| 12 | NUNU HLDGS LTD | 967,010 | $14M | 2.9% | ADD 217% |
| 13 | AMZNAMAZON COM INC | 63,845 | $13M | 2.7% | ADD 52% |
| 14 | XTLSPDR SERIES TRUST | 64,500 | $12M | 2.5% | NEW |
| 15 | GOOGLALPHABET INC | 40,360 | $12M | 2.4% | ADD 65% |
| 16 | EWYISHARES INC MSCI STH KOR ETF | 80,119 | $10M | 2.0% | NEW |
| 17 | ILFISHARES TR | 276,625 | $10M | 2.0% | NEW |
| 18 | VNQVANGUARD INDEX FDS | 107,990 | $10M | 2.0% | NEW |
| 19 | VTVANGUARD INTL EQUITY INDEX F | 68,350 | $9M | 1.9% | NEW |
| 20 | XMESPDR SERIES TRUST | 66,744 | $7M | 1.5% | NEW |
| 21 | EWWISHARES INC MSCI MEXICO ETF | 62,900 | $5M | 1.0% | NEW |
| 22 | AVGOBROADCOM INC | 14,231 | $4M | 0.9% | NEW |
| 23 | TSLATESLA INC | 11,249 | $4M | 0.9% | NEW |
| 24 | SPYSTATE STR SPDR S&P 500 ETF T | 4,995 | $3M | 0.7% | TRIM −98% |
| 25 | BNDXVANGUARD CHARLOTTE FDS | 48,750 | $2M | 0.5% | NEW |
| 26 | TLTISHARES TR | 6,366 | $551,869 | 0.1% | ADD 23% |
| 27 | JNJJOHNSON & JOHNSON | 768 | $186,132 | 0.0% | NEW |
| 28 | HWMHOWMET AEROSPACE INC | 290 | $59,688 | 0.0% | NEW |
| 29 | NFLXNETFLIX INC | 525 | $49,506 | 0.0% | NEW |
| 30 | HDHOME DEPOT INC | 137 | $45,496 | 0.0% | NEW |
| 31 | LMTLOCKHEED MARTIN CORP | 50 | $30,218 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| XLUSELECT SECTOR SPDR TR | — | — | — | — | — | 1.2M | $54M |
| RSPINVESCO EXCHANGE TRADED FD T | — | — | — | — | — | 257K | $49M |
| IEIISHARES TR | — | — | — | — | — | 411K | $49M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | 46K | 67K | 67K | 67K | 116K | $39M |
| XLESELECT SECTOR SPDR TR | — | — | — | — | — | 601K | $37M |
| NVDANVIDIA CORPORATION | — | — | — | 113K | 113K | 197K | $34M |
| SMHVANECK ETF TRUST | — | — | 40K | 40K | 40K | 78K | $30M |
| VTIPVANGUARD MALVERN FDS | — | — | — | — | — | 500K | $25M |
| GLDSPDR GOLD TR | — | — | — | — | — | 53K | $23M |
| XLBSELECT SECTOR SPDR TR | — | — | — | — | — | 305K | $15M |
| AAPLAPPLE INC | — | — | — | — | 20 | 58K | $15M |
| NUNU HLDGS LTD | — | — | — | — | 305K | 967K | $14M |
| AMZNAMAZON COM INC | — | — | — | 22K | 42K | 64K | $13M |
| XTLSPDR SERIES TRUST | — | — | — | — | — | 65K | $12M |
| GOOGLALPHABET INC | — | — | — | 25K | 25K | 40K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
