CIK 2044533
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 | 99.46% | 49 |
| Semiconductors & Semiconductor Equipment | 0.26% | 1 |
| Banks | 0.14% | 1 |
| Software | 0.14% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | Unclassified | 15.42% |
| 2 | VEA | VANGUARD TAX-MANAGED FDS | Unclassified | 10.54% |
| 3 | QQQ | INVESCO QQQ TR | Unclassified | 8.79% |
| 4 | VWO | VANGUARD INTL EQUITY INDEX F | Unclassified | 4.33% |
| 5 | VB | VANGUARD INDEX FDS | Unclassified | 4.31% |
| 6 | MHD | BLACKROCK MUNIHOLDINGS FD IN | Unclassified | 3.98% |
| 7 | MQY | BLACKROCK MUNIYILD QULT FD I | Unclassified | 2.89% |
| 8 | EDD | MORGAN STANLEY EMERGING MKTS | Unclassified | 2.88% |
| 9 | MYI | BLACKROCK MUNIYIELD QUALITY | Unclassified | 2.84% |
| 10 | NBH | NEUBERGER BERMAN MUN FD INC | Unclassified | 2.67% |
3/52 names classified · sector 0.5% of weight · industry 0.5% · mkt cap 0.5%; 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: 0.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.5% of book weight (3/52 names) · unclassified 99.5%: VOO, VEA, QQQ, VWO, VB, MHD, MQY, EDD, MYI, NBH +39 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 | VOOVANGUARD INDEX FDS | 46,294 | $26M | 15.4% | ADD 6% |
| 2 | VEAVANGUARD TAX-MANAGED FDS | 315,371 | $18M | 10.5% | HOLD |
| 3 | QQQINVESCO QQQ TR | 27,169 | $15M | 8.8% | ADD 7% |
| 4 | VWOVANGUARD INTL EQUITY INDEX F | 149,297 | $7M | 4.3% | ADD 3% |
| 5 | VBVANGUARD INDEX FDS | 31,013 | $7M | 4.3% | ADD 4% |
| 6 | MHDBLACKROCK MUNIHOLDINGS FD IN | 606,318 | $7M | 4.0% | ADD 52% |
| 7 | MQYBLACKROCK MUNIYILD QULT FD I | 443,717 | $5M | 2.9% | NEW |
| 8 | EDDMORGAN STANLEY EMERGING MKTS | 958,773 | $5M | 2.9% | ADD 34% |
| 9 | MYIBLACKROCK MUNIYIELD QUALITY | 461,043 | $5M | 2.8% | ADD 22% |
| 10 | NBHNEUBERGER BERMAN MUN FD INC | 462,461 | $5M | 2.7% | ADD 11% |
| 11 | AFBALLIANCEBERNSTEIN NATL MUN I | 420,224 | $4M | 2.5% | NEW |
| 12 | BTZBLACKROCK CR ALLOCATION INCO | 367,912 | $4M | 2.4% | ADD 158% |
| 13 | FAXABRDN ASIA PACIFIC INCOME FU | 240,034 | $4M | 2.2% | ADD 33% |
| 14 | MMUWESTERN ASSET MANAGED MUNS F | 344,641 | $3M | 2.0% | ADD 8% |
| 15 | RABROOKFIELD REAL ASSETS INCOM | 253,193 | $3M | 2.0% | ADD 21% |
| 16 | TEITEMPLETON EMERGING MKTS INCO | 551,585 | $3M | 1.9% | ADD 10% |
| 17 | HYTBLACKROCK CORPOR HI YLD FD I | 307,199 | $3M | 1.8% | NEW |
| 18 | XEMDXWESTERN ASSET EMERGING MKTS | 286,804 | $3M | 1.7% | TRIM −2% |
| 19 | LDPCOHEN & STEERS LTD D | 132,703 | $3M | 1.6% | ADD 21% |
| 20 | HIOWESTERN ASSET HIGH INCOME OP | 691,641 | $3M | 1.6% | ADD 21% |
| 21 | DLYDOUBLELINE YIELD OPPORTUNITI | 168,388 | $3M | 1.5% | ADD 36% |
| 22 | EIMEATON VANCE MUN BD FD | 256,760 | $2M | 1.5% | NEW |
| 23 | KIOKKR INCOME OPPORTUNITIES FD | 180,612 | $2M | 1.3% | ADD 21% |
| 24 | PDXPIMCO DYNAMIC INCOME STRATEG | 90,004 | $2M | 1.3% | ADD 21% |
| 25 | BITBLACKROCK MULTI SECTOR INC T | 147,763 | $2M | 1.3% | ADD 21% |
| 26 | MSDMORGAN STANLEY EMKT DBT FD I | 270,627 | $2M | 1.2% | NEW |
| 27 | CARYANGEL OAK FUNDS TRUST | 99,674 | $2M | 1.2% | ADD 20% |
| 28 | EDVVANGUARD WORLD FD | 30,354 | $2M | 1.2% | ADD 18% |
| 29 | MUCBLACKROCK MUNIHLDNGS CALI QL | 183,505 | $2M | 1.1% | ADD 628% |
| 30 | BKTBLACKROCK INCOME TR INC | 159,882 | $2M | 1.1% | ADD 21% |
| 31 | ERCALLSPRING MULTI SECTOR INCOM | 183,467 | $2M | 1.0% | ADD 21% |
| 32 | FPFFIRST TR INTER DURATN PFD & | 91,917 | $2M | 1.0% | ADD 21% |
| 33 | PTACOHEN & STEERS TAX ADVAN PFD | 65,472 | $1M | 0.8% | ADD 21% |
| 34 | BBNBLACKROCK TAX MUNICPAL BD TR | 76,836 | $1M | 0.7% | NEW |
| 35 | BWGBRANDYWINEGBL GBL INCM OPP F | 114,312 | $949,933 | 0.6% | ADD 105% |
| 36 | DSLDOUBLELINE INCOME SOLUTIONS | 76,095 | $931,403 | 0.5% | TRIM −33% |
| 37 | VKQINVESCO MUN TR | 96,145 | $879,723 | 0.5% | TRIM −67% |
| 38 | FEMBFIRST TR EXCH TRADED FD III | 26,688 | $770,749 | 0.5% | ADD 18% |
| 39 | EMHYISHARES INC | 19,699 | $767,670 | 0.5% | TRIM −70% |
| 40 | NACNUVEEN CA QUALTY MUN INCOME | 66,281 | $740,358 | 0.4% | HOLD |
| 41 | XNCMXNUVEEN CALIFORNIA AMT QLT MU | 58,827 | $692,392 | 0.4% | HOLD |
| 42 | BHKBLACKROCK CORE BD TR | 55,308 | $537,594 | 0.3% | HOLD |
| 43 | XPCQXPIMCO CALIF MUN INCOME FD | 55,652 | $478,055 | 0.3% | HOLD |
| 44 | AVGOBROADCOM INC | 1,627 | $448,413 | 0.3% | HOLD |
| 45 | HYEMVANECK ETF TRUST | 20,490 | $406,104 | 0.2% | ADD 10% |
| 46 | XEADXALLSPRING INCOME OPPORTUNIT | 55,900 | $394,654 | 0.2% | HOLD |
| 47 | AFRMAFFIRM HLDGS INC | 3,541 | $244,825 | 0.1% | HOLD |
| 48 | MSFTMICROSOFT CORP | 471 | $234,218 | 0.1% | HOLD |
| 49 | DCREDOUBLELINE ETF TRUST | 4,324 | $224,968 | 0.1% | ADD 12% |
| 50 | USHYISHARES TR | 5,535 | $207,609 | 0.1% | NEW |
| 51 | MMDMAINSTAY MACKAY DEFINEDTERM | 10,767 | $159,244 | 0.1% | NEW |
| 52 | TSITCW STRATEGIC INCOME FD INC | 15,286 | $74,596 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VOOVANGUARD INDEX FDS | 26K | 53K | 44K | 43K | 44K | 46K | $26M |
| VEAVANGUARD TAX-MANAGED FDS | 205K | 375K | 311K | 314K | 310K | 315K | $18M |
| QQQINVESCO QQQ TR | 15K | 33K | 26K | 25K | 25K | 27K | $15M |
| VWOVANGUARD INTL EQUITY INDEX F | 89K | 170K | 144K | 139K | 145K | 149K | $7M |
| VBVANGUARD INDEX FDS | 16K | 35K | 30K | 30K | 30K | 31K | $7M |
| MHDBLACKROCK MUNIHOLDINGS FD IN | 43K | 124K | 301K | 322K | 399K | 606K | $7M |
| MQYBLACKROCK MUNIYILD QULT FD I | — | — | — | — | — | 444K | $5M |
| EDDMORGAN STANLEY EMERGING MKTS | 683K | 685K | 621K | 647K | 716K | 959K | $5M |
| MYIBLACKROCK MUNIYIELD QUALITY | — | — | — | 288K | 377K | 461K | $5M |
| NBHNEUBERGER BERMAN MUN FD INC | — | — | 157K | 331K | 418K | 462K | $5M |
| AFBALLIANCEBERNSTEIN NATL MUN I | — | — | — | — | — | 420K | $4M |
| BTZBLACKROCK CR ALLOCATION INCO | 157K | 154K | 160K | 180K | 142K | 368K | $4M |
| FAXABRDN ASIA PACIFIC INCOME FU | 144K | 142K | 135K | — | 180K | 240K | $4M |
| MMUWESTERN ASSET MANAGED MUNS F | 327K | 319K | 297K | 308K | 319K | 345K | $3M |
| RABROOKFIELD REAL ASSETS INCOM | 119K | 157K | 156K | 191K | 209K | 253K | $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.
