CIK 2011025
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% | 8 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IVV | ISHARES TR | Unclassified | 36.59% |
| 2 | HYG | ISHARES TR | Unclassified | 31.67% |
| 3 | RSP | INVESCO EXCHANGE TRADED FD T | Unclassified | 16.52% |
| 4 | QQQE | DIREXION SHS ETF TR | Unclassified | 5.77% |
| 5 | JAAA | JANUS DETROIT STR TR | Unclassified | 5.03% |
| 6 | BKLN | INVESCO EXCH TRADED FD TR II | Unclassified | 2.56% |
| 7 | WCLD | WISDOMTREE TR | Unclassified | 1.63% |
| 8 | SPYM | SPDR SERIES TRUST | Unclassified | 0.25% |
0/8 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 (0/8 names) · unclassified 100.0%: IVV, HYG, RSP, QQQE, JAAA, BKLN, WCLD, SPYM. 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 | IVVISHARES TR | 332,601 | $217M | 36.6% | HOLD |
| 2 | HYGISHARES TR | 2,363,696 | $188M | 31.7% | ADD 18% |
| 3 | RSPINVESCO EXCHANGE TRADED FD T | 511,000 | $98M | 16.5% | HOLD |
| 4 | QQQEDIREXION SHS ETF TR | 347,500 | $34M | 5.8% | HOLD |
| 5 | JAAAJANUS DETROIT STR TR | 592,887 | $30M | 5.0% | HOLD |
| 6 | BKLNINVESCO EXCH TRADED FD TR II | 743,494 | $15M | 2.6% | NEW |
| 7 | WCLDWISDOMTREE TR | 354,500 | $10M | 1.6% | HOLD |
| 8 | SPYMSPDR SERIES TRUST | 19,200 | $1M | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IVVISHARES TR | 307K | — | — | 332K | 333K | 333K | $217M |
| HYGISHARES TR | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.4M | $188M |
| RSPINVESCO EXCHANGE TRADED FD T | 508K | — | — | 511K | 511K | 511K | $98M |
| QQQEDIREXION SHS ETF TR | 348K | 348K | 348K | 348K | 348K | 348K | $34M |
| JAAAJANUS DETROIT STR TR | 205K | 600K | 600K | 600K | 593K | 593K | $30M |
| BKLNINVESCO EXCH TRADED FD TR II | 1.5M | — | — | — | — | 743K | $15M |
| WCLDWISDOMTREE TR | 355K | 355K | 355K | 355K | 355K | 355K | $10M |
| SPYMSPDR SERIES TRUST | 209K | 2.8M | 2.8M | — | — | 19K | $1M |
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.
