CIK 2017735
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 | 93.46% | 20 |
| Technology Hardware & Equipment | 1.89% | 2 |
| Semiconductors & Semiconductor Equipment | 1.50% | 3 |
| Specialty Retail | 0.84% | 3 |
| Software | 0.72% | 1 |
| Software & IT Services | 0.46% | 3 |
| Pharmaceuticals & Biotechnology | 0.42% | 2 |
| Insurance | 0.26% | 2 |
| Banks | 0.26% | 1 |
| Aerospace & Defense | 0.10% | 1 |
| Diversified Telecommunication Services | 0.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | XLK | SELECT SECTOR SPDR TR | Unclassified | 25.62% |
| 2 | XLF | SELECT SECTOR SPDR TR | Unclassified | 10.13% |
| 3 | XLC | SELECT SECTOR SPDR TR | Unclassified | 8.84% |
| 4 | XLY | SELECT SECTOR SPDR TR | Unclassified | 8.37% |
| 5 | XLV | SELECT SECTOR SPDR TR | Unclassified | 7.87% |
| 6 | JPST | J P MORGAN EXCHANGE TRADED F | Unclassified | 7.63% |
| 7 | XLI | SELECT SECTOR SPDR TR | Unclassified | 6.60% |
| 8 | XLP | SELECT SECTOR SPDR TR | Unclassified | 3.77% |
| 9 | VCSH | VANGUARD SCOTTSDALE FDS | Unclassified | 3.58% |
| 10 | MAGS | LISTED FDS TR | Unclassified | 3.22% |
20/39 names classified · sector 6.9% of weight · industry 6.5% · mkt cap 6.9%; 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: 6.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 7% of book weight classified — the grid is NOT representative of the whole book.
Classified: 6.5% of book weight (19/39 names) · unclassified 93.5%: XLK, XLF, XLC, XLY, XLV, JPST, XLI, XLP, VCSH, MAGS +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 | XLKSELECT SECTOR SPDR TR | 509,816 | $68M | 25.6% | HOLD |
| 2 | XLFSELECT SECTOR SPDR TR | 542,839 | $27M | 10.1% | ADD 2% |
| 3 | XLCSELECT SECTOR SPDR TR | 210,773 | $23M | 8.8% | ADD 3% |
| 4 | XLYSELECT SECTOR SPDR TR | 203,086 | $22M | 8.4% | ADD 3% |
| 5 | XLVSELECT SECTOR SPDR TR | 141,966 | $21M | 7.9% | ADD 7% |
| 6 | JPSTJ P MORGAN EXCHANGE TRADED F | 398,526 | $20M | 7.6% | HOLD |
| 7 | XLISELECT SECTOR SPDR TR | 107,889 | $17M | 6.6% | TRIM −2% |
| 8 | XLPSELECT SECTOR SPDR TR | 121,581 | $10M | 3.8% | TRIM −2% |
| 9 | VCSHVANGUARD SCOTTSDALE FDS | 119,518 | $9M | 3.6% | ADD 4% |
| 10 | MAGSLISTED FDS TR | 146,752 | $9M | 3.2% | ADD 6% |
| 11 | XLUSELECT SECTOR SPDR TR | 152,895 | $7M | 2.7% | HOLD |
| 12 | XLESELECT SECTOR SPDR TR | 110,873 | $7M | 2.6% | HOLD |
| 13 | AAPLAPPLE INC | 16,054 | $4M | 1.5% | TRIM −3% |
| 14 | JMSTJ P MORGAN EXCHANGE TRADED F | 78,389 | $4M | 1.5% | TRIM −8% |
| 15 | NVDANVIDIA CORPORATION | 18,000 | $3M | 1.2% | HOLD |
| 16 | MSFTMICROSOFT CORP | 5,143 | $2M | 0.7% | HOLD |
| 17 | AMZNAMAZON COM INC | 6,809 | $1M | 0.5% | HOLD |
| 18 | BRK.BBERKSHIRE HATHAWAY INC DEL | 2,030 | $972,776 | 0.4% | HOLD |
| 19 | IBMINTERNATIONAL BUSINESS MACHS | 3,837 | $930,037 | 0.4% | HOLD |
| 20 | JPMJPMORGAN CHASE & CO | 2,335 | $686,907 | 0.3% | TRIM −2% |
| 21 | LLYELI LILLY & CO | 747 | $686,684 | 0.3% | HOLD |
| 22 | METAMETA PLATFORMS INC | 939 | $537,050 | 0.2% | TRIM −2% |
| 23 | IVVISHARES TR | 748 | $488,549 | 0.2% | ADD 2% |
| 24 | AVGOBROADCOM INC | 1,552 | $480,403 | 0.2% | ADD 2% |
| 25 | WMTWALMART INC | 3,814 | $473,945 | 0.2% | HOLD |
| 26 | GOOGALPHABET INC | 1,535 | $440,406 | 0.2% | HOLD |
| 27 | JNJJOHNSON & JOHNSON | 1,775 | $433,968 | 0.2% | HOLD |
| 28 | XLRESELECT SECTOR SPDR TR | 9,034 | $368,873 | 0.1% | TRIM −32% |
| 29 | CBCHUBB LIMITED | 1,095 | $356,900 | 0.1% | HOLD |
| 30 | AMDADVANCED MICRO DEVICES INC | 1,689 | $343,593 | 0.1% | HOLD |
| 31 | UNHUNITEDHEALTH GROUP INC | 1,254 | $339,449 | 0.1% | TRIM −3% |
| 32 | QQQINVESCO QQQ TR | 568 | $328,061 | 0.1% | ADD 3% |
| 33 | COSTCOSTCO WHSL CORP NEW | 320 | $318,976 | 0.1% | HOLD |
| 34 | XLBSELECT SECTOR SPDR TR | 5,656 | $282,637 | 0.1% | TRIM −41% |
| 35 | GDGENERAL DYNAMICS CORP | 791 | $271,547 | 0.1% | HOLD |
| 36 | ADPAUTOMATIC DATA PROCESSING IN | 1,238 | $251,617 | 0.1% | HOLD |
| 37 | IYWISHARES TR | 1,355 | $245,774 | 0.1% | ADD 3% |
| 38 | VGTVANGUARD WORLD FD | 317 | $221,055 | 0.1% | HOLD |
| 39 | TAT&T INC | 6,950 | $201,474 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| XLKSELECT SECTOR SPDR TR | 228K | 242K | 241K | 250K | 502K | 510K | $68M |
| XLFSELECT SECTOR SPDR TR | 482K | 498K | 526K | 528K | 530K | 543K | $27M |
| XLCSELECT SECTOR SPDR TR | 189K | 193K | 198K | 203K | 205K | 211K | $23M |
| XLYSELECT SECTOR SPDR TR | 87K | 99K | 97K | 97K | 197K | 203K | $22M |
| XLVSELECT SECTOR SPDR TR | 143K | 119K | 131K | 123K | 133K | 142K | $21M |
| JPSTJ P MORGAN EXCHANGE TRADED F | 370K | 393K | 378K | 412K | 399K | 399K | $20M |
| XLISELECT SECTOR SPDR TR | 107K | 107K | 104K | 116K | 111K | 108K | $17M |
| XLPSELECT SECTOR SPDR TR | 106K | 100K | 132K | 129K | 124K | 122K | $10M |
| VCSHVANGUARD SCOTTSDALE FDS | 96K | 104K | 109K | 111K | 115K | 120K | $9M |
| MAGSLISTED FDS TR | — | 121K | 140K | 141K | 139K | 147K | $9M |
| XLUSELECT SECTOR SPDR TR | 55K | 68K | 75K | 76K | 154K | 153K | $7M |
| XLESELECT SECTOR SPDR TR | 55K | 49K | 53K | 51K | 112K | 111K | $7M |
| AAPLAPPLE INC | 18K | 17K | 17K | 17K | 17K | 16K | $4M |
| JMSTJ P MORGAN EXCHANGE TRADED F | 102K | 102K | 110K | 85K | 85K | 78K | $4M |
| NVDANVIDIA CORPORATION | 18K | 18K | 18K | 18K | 18K | 18K | $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.
