CIK 2021818
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 | 93.82% | 49 |
| Utilities | 2.00% | 1 |
| Hotels, Restaurants & Leisure | 1.56% | 1 |
| Oil, Gas & Consumable Fuels | 0.82% | 1 |
| Life Sciences Tools & Services | 0.60% | 1 |
| Software | 0.35% | 1 |
| Technology Hardware & Equipment | 0.33% | 1 |
| Diversified Consumer Services | 0.28% | 1 |
| Banks | 0.24% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IVV | ISHARES TR | Unclassified | 24.55% |
| 2 | IEFA | ISHARES TR | Unclassified | 7.23% |
| 3 | PHYS | Sprott Physical Gold Trust | Unclassified | 6.08% |
| 4 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 5.46% |
| 5 | XLE | SELECT SECTOR SPDR TR | Unclassified | 5.15% |
| 6 | IEMG | ISHARES INC | Unclassified | 4.39% |
| 7 | XLI | SELECT SECTOR SPDR TR | Unclassified | 3.55% |
| 8 | QQQ | INVESCO QQQ TR | Unclassified | 3.15% |
| 9 | VEA | VANGUARD TAX-MANAGED FDS | Unclassified | 3.08% |
| 10 | CEF | SPROTT ASSET MANAGEMENT LP | Unclassified | 2.71% |
9/57 names classified · sector 6.4% of weight · industry 6.2% · mkt cap 6.1%; 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: 6.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 6% of book weight classified — the grid is NOT representative of the whole book.
Classified: 5.6% of book weight (6/57 names) · unclassified 94.4%: IVV, IEFA, PHYS, SPY, XLE, IEMG, XLI, QQQ, VEA, CEF +41 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 | IVVISHARES TR | 51,182 | $33M | 24.5% | TRIM −9% |
| 2 | IEFAISHARES TR | 108,795 | $10M | 7.2% | ADD 6% |
| 3 | PHYSSprott Physical Gold Trust | 233,603 | $8M | 6.1% | HOLD |
| 4 | SPYSTATE STR SPDR S&P 500 ETF T | 11,426 | $7M | 5.5% | ADD 4% |
| 5 | XLESELECT SECTOR SPDR TR | 114,414 | $7M | 5.1% | ADD 44% |
| 6 | IEMGISHARES INC | 85,757 | $6M | 4.4% | ADD 15% |
| 7 | XLISELECT SECTOR SPDR TR | 29,915 | $5M | 3.6% | TRIM −8% |
| 8 | QQQINVESCO QQQ TR | 7,422 | $4M | 3.1% | TRIM −21% |
| 9 | VEAVANGUARD TAX-MANAGED FDS | 65,521 | $4M | 3.1% | HOLD |
| 10 | CEFSPROTT ASSET MANAGEMENT LP | 77,237 | $4M | 2.7% | ADD 124% |
| 11 | IAGGISHARES TR | 67,494 | $3M | 2.5% | ADD 18% |
| 12 | IWCISHARES TR | 18,770 | $3M | 2.2% | HOLD |
| 13 | TRGPTARGA RES CORP | 10,869 | $3M | 2.0% | HOLD |
| 14 | XLPSELECT SECTOR SPDR TR | 27,041 | $2M | 1.6% | TRIM −6% |
| 15 | BROSDUTCH BROS INC | 42,031 | $2M | 1.6% | HOLD |
| 16 | VNQVANGUARD INDEX FDS | 23,526 | $2M | 1.5% | ADD 17% |
| 17 | IJRISHARES TR | 16,484 | $2M | 1.5% | TRIM −6% |
| 18 | XLFSELECT SECTOR SPDR TR | 39,061 | $2M | 1.4% | TRIM −5% |
| 19 | VOOVANGUARD INDEX FDS | 2,854 | $2M | 1.3% | HOLD |
| 20 | SHYISHARES TR | 20,119 | $2M | 1.2% | TRIM −13% |
| 21 | XLYSELECT SECTOR SPDR TR | 13,499 | $1M | 1.1% | TRIM −18% |
| 22 | XLBSELECT SECTOR SPDR TR | 25,126 | $1M | 0.9% | HOLD |
| 23 | IWMISHARES TR | 4,948 | $1M | 0.9% | HOLD |
| 24 | EWJISHARES INC | 14,047 | $1M | 0.9% | HOLD |
| 25 | FANGDIAMONDBACK ENERGY INC | 5,639 | $1M | 0.8% | TRIM −11% |
| 26 | EFAXSPDR INDEX SHS FDS | 20,839 | $1M | 0.8% | ADD 4% |
| 27 | LQDISHARES TR | 9,222 | $1M | 0.7% | TRIM −5% |
| 28 | XLVSELECT SECTOR SPDR TR | 6,650 | $974,889 | 0.7% | ADD 2% |
| 29 | XLUSELECT SECTOR SPDR TR | 18,724 | $859,236 | 0.6% | TRIM −4% |
| 30 | GWXSPDR INDEX SHS FDS | 19,449 | $821,346 | 0.6% | HOLD |
| 31 | AAGILENT TECHNOLOGIES INC | 7,132 | $812,930 | 0.6% | HOLD |
| 32 | TBTPROSHARES TR | 23,083 | $811,139 | 0.6% | HOLD |
| 33 | ILFISHARES TR | 21,934 | $779,101 | 0.6% | NEW |
| 34 | XLKSELECT SECTOR SPDR TR | 5,388 | $716,068 | 0.5% | TRIM −6% |
| 35 | DBBINVESCO DB MULTI-SECTOR COMM | 29,738 | $698,838 | 0.5% | TRIM −3% |
| 36 | RWRSPDR SERIES TRUST | 6,776 | $684,175 | 0.5% | HOLD |
| 37 | IVEISHARES TR | 3,080 | $650,301 | 0.5% | HOLD |
| 38 | DBAINVESCO DB MULTI-SECTOR COMM | 23,438 | $640,334 | 0.5% | TRIM −10% |
| 39 | AAXJISHARES TR | 6,511 | $626,944 | 0.5% | NEW |
| 40 | FCORFIDELITY MERRIMACK STR TR | 12,995 | $612,449 | 0.4% | TRIM −8% |
| 41 | IDEVISHARES TR | 7,120 | $595,018 | 0.4% | HOLD |
| 42 | VBRVANGUARD INDEX FDS | 2,330 | $506,178 | 0.4% | HOLD |
| 43 | TBFPROSHARES TR | 20,782 | $503,560 | 0.4% | NEW |
| 44 | XLCSELECT SECTOR SPDR TR | 4,309 | $477,702 | 0.4% | HOLD |
| 45 | FROGJFROG LTD | 10,169 | $477,231 | 0.4% | HOLD |
| 46 | KEYSKEYSIGHT TECHNOLOGIES INC | 1,581 | $446,427 | 0.3% | HOLD |
| 47 | TIPISHARES TR | 3,885 | $428,721 | 0.3% | ADD 76% |
| 48 | VUGVANGUARD INDEX FDS | 900 | $393,111 | 0.3% | HOLD |
| 49 | YELPYELP INC | 15,507 | $383,643 | 0.3% | HOLD |
| 50 | DJPBARCLAYS BANK PLC | 6,922 | $333,225 | 0.2% | ADD 25% |
| 51 | ACWXISHARES TR | 4,731 | $323,921 | 0.2% | TRIM −10% |
| 52 | FMUNFIDELITY MERRIMACK STR TR | 5,603 | $278,079 | 0.2% | HOLD |
| 53 | BRK.BBERKSHIRE HATHAWAY INC DEL | 549 | $263,081 | 0.2% | HOLD |
| 54 | BWXSPDR SERIES TRUST | 11,639 | $255,482 | 0.2% | NEW |
| 55 | IJSISHARES TR | 1,998 | $236,655 | 0.2% | HOLD |
| 56 | VBVANGUARD INDEX FDS | 869 | $227,608 | 0.2% | HOLD |
| 57 | VWOVANGUARD INTL EQUITY INDEX F | 3,939 | $212,920 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IVVISHARES TR | 58K | 57K | 57K | 56K | 56K | 51K | $33M |
| IEFAISHARES TR | 86K | 86K | 91K | 90K | 103K | 109K | $10M |
| PHYSSprott Physical Gold Trust | 198K | 203K | 214K | 222K | 230K | 234K | $8M |
| SPYSTATE STR SPDR S&P 500 ETF T | 10K | 10K | 10K | 9K | 11K | 11K | $7M |
| XLESELECT SECTOR SPDR TR | 42K | 42K | 44K | 43K | 79K | 114K | $7M |
| IEMGISHARES INC | 66K | 65K | 68K | 68K | 75K | 86K | $6M |
| XLISELECT SECTOR SPDR TR | 37K | 37K | 37K | 33K | 33K | 30K | $5M |
| QQQINVESCO QQQ TR | 8K | 8K | 8K | 8K | 9K | 7K | $4M |
| VEAVANGUARD TAX-MANAGED FDS | 64K | 65K | 65K | 66K | 67K | 66K | $4M |
| CEFSPROTT ASSET MANAGEMENT LP | 25K | 25K | 23K | 23K | 34K | 77K | $4M |
| IAGGISHARES TR | 43K | 45K | 45K | 51K | 57K | 67K | $3M |
| IWCISHARES TR | 24K | 23K | 21K | 18K | 19K | 19K | $3M |
| TRGPTARGA RES CORP | 12K | 12K | 12K | 11K | 11K | 11K | $3M |
| XLPSELECT SECTOR SPDR TR | 27K | 27K | 30K | 30K | 29K | 27K | $2M |
| BROSDUTCH BROS INC | — | — | — | 42K | 42K | 42K | $2M |
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.
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