CIK 2008648
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 | 94.94% | 49 |
| Technology Hardware & Equipment | 1.48% | 1 |
| Software | 0.85% | 1 |
| Tobacco | 0.76% | 2 |
| Specialty Retail | 0.74% | 3 |
| Insurance | 0.35% | 2 |
| Software & IT Services | 0.29% | 1 |
| Road & Rail | 0.21% | 1 |
| Health Care Equipment & Supplies | 0.18% | 1 |
| Semiconductors & Semiconductor Equipment | 0.18% | 1 |
| Pharmaceuticals & Biotechnology | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPYM | SPDR SERIES TRUST | Unclassified | 29.24% |
| 2 | QUAL | ISHARES TR | Unclassified | 6.68% |
| 3 | EFV | ISHARES TR | Unclassified | 5.24% |
| 4 | VMBS | VANGUARD SCOTTSDALE FDS | Unclassified | 4.14% |
| 5 | SCHZ | SCHWAB STRATEGIC TR | Unclassified | 3.88% |
| 6 | IUSB | ISHARES TR | Unclassified | 3.56% |
| 7 | BIV | VANGUARD BD INDEX FDS | Unclassified | 3.15% |
| 8 | EFG | ISHARES TR | Unclassified | 3.03% |
| 9 | IYW | ISHARES TR | Unclassified | 2.74% |
| 10 | VGLT | VANGUARD SCOTTSDALE FDS | Unclassified | 2.58% |
14/63 names classified · sector 5.1% of weight · industry 5.1% · mkt cap 5.1%; 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: 5.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 5.0% of book weight (13/62 names) · unclassified 95.0%: SPYM, QUAL, EFV, VMBS, SCHZ, IUSB, BIV, EFG, IYW, VGLT +39 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 | SPYMSPDR SERIES TRUST | 708,568 | $44M | 29.2% | ADD 239% |
| 2 | QUALISHARES TR | 60,585 | $10M | 6.7% | ADD 5% |
| 3 | EFVISHARES TR | 143,571 | $8M | 5.2% | TRIM −3% |
| 4 | VMBSVANGUARD SCOTTSDALE FDS | 135,422 | $6M | 4.1% | ADD 30% |
| 5 | SCHZSCHWAB STRATEGIC TR | 125,786 | $6M | 3.9% | TRIM −61% |
| 6 | IUSBISHARES TR | 116,361 | $5M | 3.6% | NEW |
| 7 | BIVVANGUARD BD INDEX FDS | 62,371 | $5M | 3.2% | ADD 2308% |
| 8 | EFGISHARES TR | 43,591 | $5M | 3.0% | ADD 46% |
| 9 | IYWISHARES TR | 30,268 | $4M | 2.7% | ADD 15% |
| 10 | VGLTVANGUARD SCOTTSDALE FDS | 64,850 | $4M | 2.6% | TRIM −15% |
| 11 | OEFISHARES TR | 13,902 | $3M | 2.3% | TRIM −23% |
| 12 | FBNDFIDELITY TOTAL BOND ETF | 62,118 | $3M | 1.9% | NEW |
| 13 | IEMGISHARES INC | 54,335 | $3M | 1.9% | NEW |
| 14 | TFLOISHARES TR | 53,281 | $3M | 1.8% | NEW |
| 15 | IVWISHARES TR | 31,532 | $3M | 1.8% | TRIM −68% |
| 16 | VOOVANGUARD INDEX FDS | 5,413 | $3M | 1.7% | ADD 123% |
| 17 | ESGUISHARES TR | 21,696 | $2M | 1.7% | NEW |
| 18 | FLRNSPDR SERIES TRUST | 72,624 | $2M | 1.5% | NEW |
| 19 | AAPLAPPLE INC | 12,896 | $2M | 1.5% | ADD 43% |
| 20 | SCHISCHWAB STRATEGIC TR | 47,197 | $2M | 1.4% | NEW |
| 21 | SPYSTATE STR SPDR S&P 500 ETF T | 3,655 | $2M | 1.3% | NEW |
| 22 | USMVISHARES TR | 21,798 | $2M | 1.2% | NEW |
| 23 | DFAUDIMENSIONAL ETF TRUST | 47,353 | $2M | 1.2% | ADD 36% |
| 24 | VEAVANGUARD TAX-MANAGED FDS | 29,244 | $1M | 1.0% | ADD 117% |
| 25 | TIPISHARES TR | 13,604 | $1M | 1.0% | NEW |
| 26 | IFRAISHARES U.S. INFRASTRUCTURE ETF | 29,148 | $1M | 0.8% | TRIM −42% |
| 27 | MSFTMICROSOFT CORP | 2,996 | $1M | 0.8% | TRIM −7% |
| 28 | EMXCISHARES INC | 21,525 | $1M | 0.8% | TRIM −79% |
| 29 | PMPHILIP MORRIS INTL INC | 10,002 | $916,383 | 0.6% | HOLD |
| 30 | DFAIDIMENSIONAL ETF TRUST | 29,370 | $887,561 | 0.6% | ADD 133% |
| 31 | BNDXVANGUARD CHARLOTTE FDS | 17,739 | $872,589 | 0.6% | ADD 72% |
| 32 | DFSDDIMENSIONAL ETF TRUST | 17,410 | $818,966 | 0.5% | ADD 9% |
| 33 | BSVVANGUARD BD INDEX FDS | 10,525 | $806,987 | 0.5% | ADD 91% |
| 34 | IWDISHARES TR | 3,876 | $694,230 | 0.5% | NEW |
| 35 | EMBISHARES TR | 7,287 | $653,425 | 0.4% | NEW |
| 36 | VDEVANGUARD WORLD FD | 4,948 | $651,652 | 0.4% | NEW |
| 37 | IWFISHARES TR | 1,907 | $642,754 | 0.4% | NEW |
| 38 | AMZNAMAZON COM INC | 3,291 | $593,631 | 0.4% | TRIM −10% |
| 39 | IXCISHARES TR | 12,262 | $526,653 | 0.4% | NEW |
| 40 | VWOVANGUARD INTL EQUITY INDEX F | 11,814 | $493,450 | 0.3% | ADD 117% |
| 41 | DFCFDIMENSIONAL ETF TRUST | 11,636 | $488,130 | 0.3% | ADD 29% |
| 42 | FDEMFIDELITY COVINGTON TRUST | 18,164 | $450,467 | 0.3% | NEW |
| 43 | DFIVDIMENSIONAL ETF TRUST | 11,736 | $431,298 | 0.3% | NEW |
| 44 | GOOGLALPHABET INC | 2,854 | $430,754 | 0.3% | HOLD |
| 45 | VXFVANGUARD INDEX FDS | 2,365 | $414,519 | 0.3% | NEW |
| 46 | EZUISHARES INC MSCI EURZONE ETF | 7,883 | $402,506 | 0.3% | NEW |
| 47 | BLVVANGUARD BD INDEX FDS | 5,541 | $400,787 | 0.3% | NEW |
| 48 | ODFLOLD DOMINION FREIGHT LINE IN | 1,426 | $312,736 | 0.2% | NEW |
| 49 | IJHISHARES TR | 4,560 | $276,974 | 0.2% | NEW |
| 50 | BSXBOSTON SCIENTIFIC CORP | 4,022 | $275,467 | 0.2% | ADD 38% |
| 51 | NVDANVIDIA CORPORATION | 295 | $266,550 | 0.2% | TRIM −88% |
| 52 | PGRPROGRESSIVE CORP | 1,277 | $264,109 | 0.2% | HOLD |
| 53 | CDWCDW CORP | 1,020 | $260,896 | 0.2% | NEW |
| 54 | IJRISHARES TR | 2,345 | $259,169 | 0.2% | NEW |
| 55 | UNHUNITEDHEALTH GROUP INC | 518 | $256,255 | 0.2% | NEW |
| 56 | HDHOME DEPOT INC | 660 | $253,176 | 0.2% | HOLD |
| 57 | ARCCARES CAPITAL CORP | 11,000 | $229,020 | 0.2% | NEW |
| 58 | MOALTRIA GROUP INC | 5,000 | $218,100 | 0.1% | HOLD |
| 59 | EWUISHARES TR | 6,060 | $207,313 | 0.1% | NEW |
| 60 | EPPISHARES INC | 4,750 | $203,348 | 0.1% | NEW |
| 61 | ISHARES TR | 8,640 | $201,449 | 0.1% | NEW |
| 62 | CVMCEL-SCI CORP | 16,500 | $31,515 | 0.0% | NEW |
| 63 | ENVIVA INC | 20,025 | $8,813 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYMSPDR SERIES TRUST | 330K | 337K | 336K | 207K | 209K | 709K | $44M |
| QUALISHARES TR | 58K | 60K | 58K | 57K | 58K | 61K | $10M |
| EFVISHARES TR | 161K | 162K | 159K | 145K | 148K | 144K | $8M |
| VMBSVANGUARD SCOTTSDALE FDS | 116K | 116K | 111K | 101K | 104K | 135K | $6M |
| SCHZSCHWAB STRATEGIC TR | 441K | 432K | 420K | 313K | 319K | 126K | $6M |
| IUSBISHARES TR | — | — | — | — | — | 116K | $5M |
| BIVVANGUARD BD INDEX FDS | 5K | 4K | — | — | 3K | 62K | $5M |
| EFGISHARES TR | 85K | 87K | 84K | 30K | 30K | 44K | $5M |
| IYWISHARES TR | 25K | 26K | 25K | 26K | 26K | 30K | $4M |
| VGLTVANGUARD SCOTTSDALE FDS | 45K | 45K | 45K | 75K | 76K | 65K | $4M |
| OEFISHARES TR | 727 | — | 858 | 18K | 18K | 14K | $3M |
| FBNDFIDELITY TOTAL BOND ETF | — | — | — | — | — | 62K | $3M |
| IEMGISHARES INC | — | — | — | — | — | 54K | $3M |
| TFLOISHARES TR | — | — | — | — | — | 53K | $3M |
| IVWISHARES TR | 110K | 112K | 110K | 97K | 99K | 32K | $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.
