CIK 2040600
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 | 95.50% | 72 |
| Electrical Equipment & Components | 0.91% | 2 |
| Technology Hardware & Equipment | 0.56% | 2 |
| Software | 0.50% | 3 |
| Software & IT Services | 0.45% | 3 |
| Machinery | 0.37% | 3 |
| Semiconductors & Semiconductor Equipment | 0.35% | 1 |
| Pharmaceuticals & Biotechnology | 0.27% | 2 |
| Specialty Retail | 0.27% | 2 |
| Banks | 0.19% | 2 |
| Health Care Equipment & Supplies | 0.17% | 1 |
| Utilities | 0.13% | 1 |
| Aerospace & Defense | 0.13% | 1 |
| Media & Entertainment | 0.10% | 1 |
| Distributors | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IEI | ISHARES TR | Unclassified | 6.76% |
| 2 | BSCU | INVESCO EXCH TRD SLF IDX FD | Unclassified | 6.70% |
| 3 | VGT | VANGUARD WORLD FD | Unclassified | 6.57% |
| 4 | BSCW | INVESCO EXCH TRD SLF IDX FD | Unclassified | 5.98% |
| 5 | SHYG | ISHARES TR | Unclassified | 5.06% |
| 6 | GSY | INVESCO ACTIVELY MANAGED EXC | Unclassified | 4.53% |
| 7 | SPYV | SPDR SERIES TRUST | Unclassified | 4.43% |
| 8 | XLK | SELECT SECTOR SPDR TR | Unclassified | 3.89% |
| 9 | XLF | SELECT SECTOR SPDR TR | Unclassified | 3.59% |
| 10 | XLC | SELECT SECTOR SPDR TR | Unclassified | 3.15% |
25/97 names classified · sector 4.5% of weight · industry 4.5% · mkt cap 4.5%; 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: 4.5% 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: 4.5% of book weight (25/97 names) · unclassified 95.5%: IEI, BSCU, VGT, BSCW, SHYG, GSY, SPYV, XLK, XLF, XLC +62 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 | IEIISHARES TR | 137,157 | $16M | 6.8% | HOLD |
| 2 | BSCUINVESCO EXCH TRD SLF IDX FD | 963,719 | $16M | 6.7% | ADD 2% |
| 3 | VGTVANGUARD WORLD FD | 22,655 | $16M | 6.6% | ADD 6% |
| 4 | BSCWINVESCO EXCH TRD SLF IDX FD | 698,863 | $14M | 6.0% | ADD 3% |
| 5 | SHYGISHARES TR | 287,637 | $12M | 5.1% | ADD 3% |
| 6 | GSYINVESCO ACTIVELY MANAGED EXC | 217,516 | $11M | 4.5% | ADD 2% |
| 7 | SPYVSPDR SERIES TRUST | 188,494 | $11M | 4.4% | ADD 5% |
| 8 | XLKSELECT SECTOR SPDR TR | 70,459 | $9M | 3.9% | ADD 11% |
| 9 | XLFSELECT SECTOR SPDR TR | 175,055 | $9M | 3.6% | ADD 9% |
| 10 | XLCSELECT SECTOR SPDR TR | 68,272 | $8M | 3.1% | ADD 8% |
| 11 | XLVSELECT SECTOR SPDR TR | 48,170 | $7M | 2.9% | ADD 7% |
| 12 | IWYISHARES TR | 28,303 | $7M | 2.9% | ADD 5% |
| 13 | XLYSELECT SECTOR SPDR TR | 63,614 | $7M | 2.9% | ADD 7% |
| 14 | IBTJISHARES TR | 296,824 | $6M | 2.7% | ADD 3% |
| 15 | IBTLISHARES TR | 316,496 | $6M | 2.7% | ADD 3% |
| 16 | XLISELECT SECTOR SPDR TR | 37,791 | $6M | 2.5% | ADD 5% |
| 17 | SPGMSPDR INDEX SHS FDS | 74,290 | $6M | 2.3% | ADD 5% |
| 18 | VUGVANGUARD INDEX FDS | 11,948 | $5M | 2.2% | ADD 6% |
| 19 | SPMDSPDR SERIES TRUST | 70,575 | $4M | 1.7% | HOLD |
| 20 | XLPSELECT SECTOR SPDR TR | 44,763 | $4M | 1.5% | ADD 6% |
| 21 | XLGINVESCO EXCHANGE TRADED FD T | 65,663 | $4M | 1.5% | ADD 4% |
| 22 | FBNDFIDELITY TOTAL BOND ETF | 59,973 | $3M | 1.1% | HOLD |
| 23 | XLESELECT SECTOR SPDR TR | 44,390 | $3M | 1.1% | ADD 4% |
| 24 | PAVEGLOBAL X FDS | 40,219 | $2M | 0.8% | ADD 4% |
| 25 | XLUSELECT SECTOR SPDR TR | 43,350 | $2M | 0.8% | ADD 5% |
| 26 | SHMSPDR SERIES TRUST | 40,317 | $2M | 0.8% | TRIM −6% |
| 27 | SUBISHARES TR | 17,805 | $2M | 0.8% | TRIM −7% |
| 28 | VLUSPDR SERIES TRUST | 8,759 | $2M | 0.8% | ADD 5% |
| 29 | EQWLINVESCO EXCHANGE TRADED FD T | 15,957 | $2M | 0.8% | ADD 5% |
| 30 | GLDMWORLD GOLD TR | 19,242 | $2M | 0.7% | HOLD |
| 31 | SPYMSPDR SERIES TRUST | 22,965 | $2M | 0.7% | TRIM −4% |
| 32 | TFISPDR SERIES TRUST | 35,947 | $2M | 0.7% | TRIM −5% |
| 33 | CMFISHARES TR | 28,285 | $2M | 0.7% | TRIM −4% |
| 34 | MUBISHARES TR | 14,775 | $2M | 0.7% | TRIM −7% |
| 35 | XLRESELECT SECTOR SPDR TR | 35,083 | $1M | 0.6% | ADD 6% |
| 36 | SPGPInvesco S&P 500 GARP - ETF | 12,988 | $1M | 0.6% | ADD 5% |
| 37 | QQQINVESCO QQQ TR | 2,386 | $1M | 0.6% | ADD 14% |
| 38 | GEGE AEROSPACE | 4,798 | $1M | 0.6% | TRIM −9% |
| 39 | DIASPDR DOW JONES INDL AVERAGE | 2,782 | $1M | 0.5% | ADD 5% |
| 40 | XLBSELECT SECTOR SPDR TR | 24,914 | $1M | 0.5% | ADD 5% |
| 41 | AAPLAPPLE INC | 4,238 | $1M | 0.4% | HOLD |
| 42 | KIESPDR SERIES TRUST | 15,681 | $862,437 | 0.4% | ADD 5% |
| 43 | NVDANVIDIA CORPORATION | 4,871 | $849,501 | 0.4% | HOLD |
| 44 | GEVGE VERNOVA INC | 958 | $836,387 | 0.3% | TRIM −19% |
| 45 | BUFBINNOVATOR ETFS TRUST | 22,048 | $791,744 | 0.3% | ADD 16% |
| 46 | BAPRINNOVATOR ETFS TRUST | 14,635 | $716,822 | 0.3% | ADD 19% |
| 47 | FLDRFIDELITY MERRIMACK STR TR | 14,274 | $714,409 | 0.3% | HOLD |
| 48 | BJULINNOVATOR ETFS TRUST | 13,892 | $690,234 | 0.3% | ADD 20% |
| 49 | BJANINNOVATOR ETFS TRUST | 12,904 | $688,170 | 0.3% | ADD 19% |
| 50 | BOCTINNOVATOR ETFS TRUST | 14,303 | $686,355 | 0.3% | ADD 20% |
| 51 | MSFTMICROSOFT CORP | 1,778 | $658,056 | 0.3% | HOLD |
| 52 | QFLRINNOVATOR ETFS TRUST | 15,923 | $530,240 | 0.2% | ADD 38% |
| 53 | SFLRINNOVATOR ETFS TRUST | 14,758 | $522,572 | 0.2% | HOLD |
| 54 | FCALFIRST TR EXCH TRADED FD III | 9,256 | $452,516 | 0.2% | TRIM −8% |
| 55 | IWFISHARES TR | 1,048 | $447,070 | 0.2% | ADD 7% |
| 56 | FDHYFIDELITY COVINGTON TRUST | 8,785 | $426,419 | 0.2% | HOLD |
| 57 | GOOGALPHABET INC | 1,463 | $419,631 | 0.2% | HOLD |
| 58 | METAMETA PLATFORMS INC | 731 | $418,511 | 0.2% | HOLD |
| 59 | ISRGINTUITIVE SURGICAL INC | 863 | $397,834 | 0.2% | HOLD |
| 60 | SPYXSPDR SERIES TRUST | 6,909 | $366,391 | 0.2% | HOLD |
| 61 | LRCXLAM RESEARCH CORP | 1,715 | $366,365 | 0.2% | TRIM −4% |
| 62 | AMGNAMGEN INC | 1,019 | $358,440 | 0.1% | ADD 3% |
| 63 | IBITISHARES BITCOIN TRUST ETF | 9,325 | $358,276 | 0.1% | ADD 13% |
| 64 | VOOVANGUARD INDEX FDS | 590 | $352,659 | 0.1% | HOLD |
| 65 | AMZNAMAZON COM INC | 1,684 | $350,739 | 0.1% | HOLD |
| 66 | IVVISHARES TR | 522 | $340,974 | 0.1% | ADD 26% |
| 67 | ORCLORACLE CORP | 2,316 | $340,778 | 0.1% | HOLD |
| 68 | ETHAISHARES ETHEREUM TR | 21,269 | $336,684 | 0.1% | ADD 19% |
| 69 | IHDGWisdomTree International Hdgd Div Gr ETF | 6,984 | $336,292 | 0.1% | HOLD |
| 70 | CATCATERPILLAR INC | 459 | $325,020 | 0.1% | TRIM −3% |
| 71 | PCGPG&E CORP | 18,339 | $322,223 | 0.1% | HOLD |
| 72 | RTXRTX CORPORATION | 1,664 | $321,013 | 0.1% | TRIM −2% |
| 73 | FSMBFIRST TR EXCH TRADED FD III | 15,757 | $314,505 | 0.1% | HOLD |
| 74 | VTVVANGUARD INDEX FDS | 1,565 | $306,958 | 0.1% | HOLD |
| 75 | JNJJOHNSON & JOHNSON | 1,230 | $300,608 | 0.1% | HOLD |
| 76 | FELVFIDELITY COVINGTON TRUST | 8,528 | $297,718 | 0.1% | HOLD |
| 77 | COSTCOSTCO WHSL CORP NEW | 296 | $294,810 | 0.1% | HOLD |
| 78 | FCORFIDELITY MERRIMACK STR TR | 6,033 | $284,356 | 0.1% | HOLD |
| 79 | FIGBFIDELITY MERRIMACK STR TR | 6,606 | $284,341 | 0.1% | HOLD |
| 80 | FELGFidelity Covington TR Enhanced LC Grow ETF | 7,582 | $284,243 | 0.1% | HOLD |
| 81 | ANETARISTA NETWORKS INC | 2,171 | $266,555 | 0.1% | ADD 7% |
| 82 | ONEQFIDELITY COMWLTH TR | 3,037 | $257,871 | 0.1% | HOLD |
| 83 | FVALFIDELITY COVINGTON TRUST | 3,612 | $250,652 | 0.1% | HOLD |
| 84 | GOOGLALPHABET INC | 837 | $240,658 | 0.1% | HOLD |
| 85 | NFLXNETFLIX INC | 2,447 | $235,231 | 0.1% | HOLD |
| 86 | PWZINVESCO EXCH TRADED FD TR II | 9,796 | $233,825 | 0.1% | HOLD |
| 87 | CVBFCVB FINL CORP | 11,953 | $231,769 | 0.1% | HOLD |
| 88 | JPMJPMORGAN CHASE & CO | 758 | $222,891 | 0.1% | TRIM −3% |
| 89 | MCKMCKESSON CORP | 257 | $222,564 | 0.1% | HOLD |
| 90 | VHTVANGUARD WORLD FD | 800 | $217,817 | 0.1% | HOLD |
| 91 | BSMQINVESCO EXCH TRD SLF IDX FD | 9,129 | $215,667 | 0.1% | TRIM −20% |
| 92 | FQALFIDELITY COVINGTON TRUST | 2,947 | $213,940 | 0.1% | HOLD |
| 93 | FDMOFIDELITY COVINGTON TRUST | 2,661 | $213,118 | 0.1% | HOLD |
| 94 | PLTRPALANTIR TECHNOLOGIES INC | 1,452 | $212,399 | 0.1% | ADD 4% |
| 95 | BSCQINVESCO EXCH TRD SLF IDX FD | 10,612 | $207,253 | 0.1% | TRIM −5% |
| 96 | PHPARKER-HANNIFIN CORP | 226 | $202,277 | 0.1% | HOLD |
| 97 | XNCMXNUVEEN CALIFORNIA AMT QLT MU | 12,810 | $152,443 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IEIISHARES TR | — | — | 115K | 129K | 135K | 137K | $16M |
| BSCUINVESCO EXCH TRD SLF IDX FD | — | — | 809K | 900K | 942K | 964K | $16M |
| VGTVANGUARD WORLD FD | — | — | 21K | 21K | 21K | 23K | $16M |
| BSCWINVESCO EXCH TRD SLF IDX FD | — | — | 587K | 648K | 681K | 699K | $14M |
| SHYGISHARES TR | — | — | 237K | 263K | 279K | 288K | $12M |
| GSYINVESCO ACTIVELY MANAGED EXC | — | — | 179K | 202K | 213K | 218K | $11M |
| SPYVSPDR SERIES TRUST | — | — | 177K | 157K | 180K | 188K | $11M |
| XLKSELECT SECTOR SPDR TR | — | — | 35K | 33K | 63K | 70K | $9M |
| XLFSELECT SECTOR SPDR TR | — | — | 168K | 170K | 160K | 175K | $9M |
| XLCSELECT SECTOR SPDR TR | — | — | 58K | 63K | 63K | 68K | $8M |
| XLVSELECT SECTOR SPDR TR | — | — | 46K | 42K | 45K | 48K | $7M |
| IWYISHARES TR | — | — | 33K | 29K | 27K | 28K | $7M |
| XLYSELECT SECTOR SPDR TR | — | — | 30K | 31K | 59K | 64K | $7M |
| IBTJISHARES TR | — | — | 242K | 274K | 289K | 297K | $6M |
| IBTLISHARES TR | — | — | 260K | 292K | 308K | 316K | $6M |
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.
