CIK 2016393
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 | 97.22% | 42 |
| Utilities | 1.94% | 1 |
| Technology Hardware & Equipment | 0.68% | 1 |
| Pharmaceuticals & Biotechnology | 0.16% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IWF | ISHARES TR | Unclassified | 15.79% |
| 2 | XLK | SELECT SECTOR SPDR TR | Unclassified | 11.67% |
| 3 | VTV | VANGUARD INDEX FDS | Unclassified | 10.08% |
| 4 | XLF | SELECT SECTOR SPDR TR | Unclassified | 4.25% |
| 5 | XLY | SELECT SECTOR SPDR TR | Unclassified | 4.01% |
| 6 | XLV | SELECT SECTOR SPDR TR | Unclassified | 3.85% |
| 7 | VWO | VANGUARD INTL EQUITY INDEX F | Unclassified | 3.56% |
| 8 | VGK | VANGUARD INTL EQUITY INDEX F | Unclassified | 3.50% |
| 9 | XLC | SELECT SECTOR SPDR TR | Unclassified | 3.38% |
| 10 | XLI | SELECT SECTOR SPDR TR | Unclassified | 3.31% |
3/45 names classified · sector 2.8% of weight · industry 2.8% · mkt cap 2.8%; 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: 2.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 3% of book weight classified — the grid is NOT representative of the whole book.
Classified: 2.8% of book weight (3/45 names) · unclassified 97.2%: IWF, XLK, VTV, XLF, XLY, XLV, VWO, VGK, XLC, XLI +32 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 | IWFISHARES TR | 50,991 | $22M | 15.8% | ADD 8% |
| 2 | XLKSELECT SECTOR SPDR TR | 120,902 | $16M | 11.7% | ADD 7% |
| 3 | VTVVANGUARD INDEX FDS | 70,719 | $14M | 10.1% | HOLD |
| 4 | XLFSELECT SECTOR SPDR TR | 118,665 | $6M | 4.3% | ADD 11% |
| 5 | XLYSELECT SECTOR SPDR TR | 50,603 | $6M | 4.0% | ADD 5% |
| 6 | XLVSELECT SECTOR SPDR TR | 36,119 | $5M | 3.8% | ADD 3% |
| 7 | VWOVANGUARD INTL EQUITY INDEX F | 90,775 | $5M | 3.6% | HOLD |
| 8 | VGKVANGUARD INTL EQUITY INDEX F | 58,417 | $5M | 3.5% | ADD 3% |
| 9 | XLCSELECT SECTOR SPDR TR | 42,027 | $5M | 3.4% | ADD 5% |
| 10 | XLISELECT SECTOR SPDR TR | 28,196 | $5M | 3.3% | ADD 3% |
| 11 | SPDWSPDR INDEX SHS FDS | 84,579 | $4M | 2.8% | ADD 3% |
| 12 | PWVINVESCO EXCHANGE TRADED FD T | 51,511 | $4M | 2.6% | HOLD |
| 13 | VPLVANGUARD INTL EQUITY INDEX F | 35,341 | $3M | 2.5% | ADD 3% |
| 14 | SPYSTATE STR SPDR S&P 500 ETF T | 4,379 | $3M | 2.1% | HOLD |
| 15 | AGGISHARES TR | 28,482 | $3M | 2.1% | ADD 5% |
| 16 | XLPSELECT SECTOR SPDR TR | 32,578 | $3M | 1.9% | ADD 4% |
| 17 | TRGPTARGA RES CORP | 10,640 | $3M | 1.9% | ADD 5% |
| 18 | XLESELECT SECTOR SPDR TR | 41,941 | $3M | 1.9% | TRIM −5% |
| 19 | VOEVANGUARD INDEX FDS | 13,883 | $3M | 1.9% | TRIM −7% |
| 20 | VOTVANGUARD INDEX FDS | 8,804 | $2M | 1.6% | HOLD |
| 21 | DBEUDBX ETF TR | 45,307 | $2M | 1.6% | TRIM −7% |
| 22 | IGSBISHARES TR | 35,389 | $2M | 1.4% | ADD 4% |
| 23 | SDYSPDR SER TR | 12,399 | $2M | 1.3% | HOLD |
| 24 | MUBISHARES TR | 13,511 | $1M | 1.0% | HOLD |
| 25 | VBKVANGUARD INDEX FDS | 4,413 | $1M | 1.0% | TRIM −16% |
| 26 | VBRVANGUARD INDEX FDS | 6,043 | $1M | 1.0% | TRIM −15% |
| 27 | XLBSELECT SECTOR SPDR TR | 24,151 | $1M | 0.9% | ADD 3% |
| 28 | XLRESELECT SECTOR SPDR TR | 25,541 | $1M | 0.8% | ADD 3% |
| 29 | MAGSLISTED FDS TR | 17,970 | $1M | 0.8% | ADD 3% |
| 30 | AAPLAPPLE INC | 3,696 | $938,008 | 0.7% | HOLD |
| 31 | RSPINVESCO EXCHANGE TRADED FD T | 4,851 | $930,946 | 0.7% | HOLD |
| 32 | XLUSELECT SECTOR SPDR TR | 19,156 | $879,073 | 0.6% | ADD 4% |
| 33 | SCHMSCHWAB STRATEGIC TR | 21,000 | $650,160 | 0.5% | TRIM −3% |
| 34 | SCHASCHWAB STRATEGIC TR | 19,908 | $578,925 | 0.4% | TRIM −4% |
| 35 | HEDJWISDOMTREE TR | 11,025 | $576,608 | 0.4% | TRIM −4% |
| 36 | SPEMSPDR INDEX SHS FDS | 10,128 | $475,104 | 0.3% | TRIM −3% |
| 37 | FMBFirst Trust Managed Municipal ETF | 7,332 | $371,439 | 0.3% | TRIM −41% |
| 38 | BSMSINVESCO EXCH TRD SLF IDX FD | 15,048 | $352,051 | 0.3% | HOLD |
| 39 | BSMRINVESCO EXCH TRD SLF IDX FD | 14,862 | $351,546 | 0.3% | HOLD |
| 40 | BSMTINVESCO EXCH TRD SLF IDX FD | 15,203 | $350,031 | 0.3% | HOLD |
| 41 | BSMQINVESCO EXCH TRD SLF IDX FD | 14,776 | $349,083 | 0.3% | HOLD |
| 42 | EFAISHARES TR | 3,165 | $307,416 | 0.2% | HOLD |
| 43 | BBCAJ P MORGAN EXCHANGE TRADED F | 2,647 | $248,977 | 0.2% | HOLD |
| 44 | VTEBVANGUARD MUN BD FDS | 4,925 | $245,708 | 0.2% | HOLD |
| 45 | JNJJOHNSON & JOHNSON | 917 | $224,151 | 0.2% | TRIM −26% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IWFISHARES TR | 44K | 43K | 47K | 47K | 47K | 51K | $22M |
| XLKSELECT SECTOR SPDR TR | 49K | 41K | 56K | 57K | 113K | 121K | $16M |
| VTVVANGUARD INDEX FDS | 60K | 55K | 65K | 70K | 70K | 71K | $14M |
| XLFSELECT SECTOR SPDR TR | 97K | 91K | 99K | 105K | 107K | 119K | $6M |
| XLYSELECT SECTOR SPDR TR | 21K | 18K | 23K | 24K | 48K | 51K | $6M |
| XLVSELECT SECTOR SPDR TR | 29K | 28K | 33K | 36K | 35K | 36K | $5M |
| VWOVANGUARD INTL EQUITY INDEX F | 84K | 81K | 88K | 89K | 89K | 91K | $5M |
| VGKVANGUARD INTL EQUITY INDEX F | 55K | 57K | 57K | 57K | 57K | 58K | $5M |
| XLCSELECT SECTOR SPDR TR | 37K | 33K | 38K | 39K | 40K | 42K | $5M |
| XLISELECT SECTOR SPDR TR | 24K | 22K | 26K | 27K | 27K | 28K | $5M |
| SPDWSPDR INDEX SHS FDS | 78K | 76K | 81K | 82K | 82K | 85K | $4M |
| PWVINVESCO EXCHANGE TRADED FD T | 52K | 52K | 52K | 52K | 52K | 52K | $4M |
| VPLVANGUARD INTL EQUITY INDEX F | 31K | 28K | 34K | 34K | 34K | 35K | $3M |
| SPYSTATE STR SPDR S&P 500 ETF T | 4K | 4K | 4K | 4K | 4K | 4K | $3M |
| AGGISHARES TR | 25K | 23K | 25K | 26K | 27K | 28K | $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.
