CIK 2055925
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 | 95.97% | 29 |
| Technology Hardware & Equipment | 1.05% | 1 |
| Banks | 0.97% | 2 |
| Capital Markets | 0.43% | 2 |
| Software | 0.31% | 1 |
| Utilities | 0.31% | 1 |
| Pharmaceuticals & Biotechnology | 0.25% | 1 |
| Aerospace & Defense | 0.24% | 1 |
| Oil, Gas & Consumable Fuels | 0.23% | 1 |
| Leisure Products | 0.16% | 1 |
| Chemicals | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IVV | ISHARES TR | Unclassified | 18.31% |
| 2 | VYM | VANGUARD WHITEHALL FDS | Unclassified | 14.40% |
| 3 | QQQ | INVESCO QQQ TR | Unclassified | 13.17% |
| 4 | GLD | SPDR GOLD TR | Unclassified | 7.64% |
| 5 | FENI | FIDELITY COVINGTON TRUST | Unclassified | 7.39% |
| 6 | IEMG | ISHARES INC | Unclassified | 5.24% |
| 7 | IGF | ISHARES TR | Unclassified | 4.76% |
| 8 | PICK | ISHARES INC | Unclassified | 2.62% |
| 9 | EWJ | ISHARES INC | Unclassified | 2.60% |
| 10 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 2.57% |
12/41 names classified · sector 4.0% of weight · industry 4.0% · mkt cap 3.1%; 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: 4.0% 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: 2.6% of book weight (7/41 names) · unclassified 97.4%: IVV, VYM, QQQ, GLD, FENI, IEMG, IGF, PICK, EWJ, SPY +24 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 | 35,785 | $23M | 18.3% | ADD 4% |
| 2 | VYMVANGUARD WHITEHALL FDS | 124,149 | $18M | 14.4% | ADD 14% |
| 3 | QQQINVESCO QQQ TR | 29,137 | $17M | 13.2% | ADD 12% |
| 4 | GLDSPDR GOLD TR | 22,669 | $10M | 7.6% | ADD 6% |
| 5 | FENIFIDELITY COVINGTON TRUST | 253,799 | $9M | 7.4% | NEW |
| 6 | IEMGISHARES INC | 95,937 | $7M | 5.2% | NEW |
| 7 | IGFISHARES TR | 90,722 | $6M | 4.8% | TRIM −7% |
| 8 | PICKISHARES INC | 59,121 | $3M | 2.6% | NEW |
| 9 | EWJISHARES INC | 39,287 | $3M | 2.6% | NEW |
| 10 | SPYSTATE STR SPDR S&P 500 ETF T | 5,039 | $3M | 2.6% | ADD 462% |
| 11 | XLVSELECT SECTOR SPDR TR | 18,296 | $3M | 2.1% | TRIM −4% |
| 12 | SHLDGLOBAL X FDS | 36,901 | $3M | 2.0% | NEW |
| 13 | XLFSELECT SECTOR SPDR TR | 50,361 | $2M | 1.9% | ADD 62% |
| 14 | NLRVANECK ETF TRUST | 18,436 | $2M | 1.9% | NEW |
| 15 | ITAIShares U.S. Aerospace & Defense ETF | 8,814 | $2M | 1.5% | ADD 390% |
| 16 | IJHISHARES TR | 25,162 | $2M | 1.3% | ADD 15% |
| 17 | AAPLAPPLE INC | 5,272 | $1M | 1.0% | HOLD |
| 18 | SLVISHARES SILVER TR | 17,752 | $1M | 0.9% | TRIM −74% |
| 19 | BOTZGLOBAL X FDS | 35,064 | $1M | 0.9% | NEW |
| 20 | IYFISHARES TR | 9,288 | $1M | 0.9% | ADD 24% |
| 21 | VEAVANGUARD TAX-MANAGED FDS | 13,732 | $879,958 | 0.7% | ADD 30% |
| 22 | JEPQJ P MORGAN EXCHANGE TRADED F | 14,187 | $787,649 | 0.6% | ADD 22% |
| 23 | HSBCHSBC HLDGS PLC | 8,849 | $729,978 | 0.6% | TRIM −12% |
| 24 | GSLCGOLDMAN SACHS ETF TR | 4,948 | $619,203 | 0.5% | HOLD |
| 25 | CCITIGROUP INC | 4,428 | $502,177 | 0.4% | HOLD |
| 26 | IXJISHARES TR | 4,606 | $430,810 | 0.3% | HOLD |
| 27 | JEPIJPMorgan Equity Premium Income ETF | 7,381 | $418,359 | 0.3% | ADD 23% |
| 28 | MSFTMICROSOFT CORP | 1,083 | $401,068 | 0.3% | TRIM −71% |
| 29 | ETENERGY TRANSFER L P | 20,535 | $396,333 | 0.3% | ADD 20% |
| 30 | VOOVANGUARD INDEX FDS | 609 | $363,824 | 0.3% | TRIM −23% |
| 31 | MSMORGAN STANLEY | 2,028 | $333,707 | 0.3% | TRIM −4% |
| 32 | VTIVANGUARD INDEX FDS | 1,035 | $331,890 | 0.3% | TRIM −3% |
| 33 | AZNASTRAZENECA PLC | 1,640 | $323,443 | 0.3% | NEW |
| 34 | LMTLOCKHEED MARTIN CORP | 506 | $305,821 | 0.2% | HOLD |
| 35 | IWVISHARES TR | 820 | $303,829 | 0.2% | HOLD |
| 36 | XLUSELECT SECTOR SPDR TR | 6,421 | $294,644 | 0.2% | ADD 16% |
| 37 | XOMEXXON MOBIL CORP | 1,696 | $287,674 | 0.2% | TRIM −8% |
| 38 | BBJPJ P MORGAN EXCHANGE TRADED F | 3,993 | $275,158 | 0.2% | NEW |
| 39 | ABALLIANCEBERNSTEIN HLDG L P | 5,750 | $215,280 | 0.2% | TRIM −24% |
| 40 | HASHASBRO INC | 2,156 | $201,821 | 0.2% | TRIM −13% |
| 41 | HLNHALEON PLC | 11,490 | $115,015 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IVVISHARES TR | 32K | 33K | 35K | 32K | 34K | 36K | $23M |
| VYMVANGUARD WHITEHALL FDS | 112K | 126K | 126K | 105K | 109K | 124K | $18M |
| QQQINVESCO QQQ TR | 24K | 22K | 26K | 25K | 26K | 29K | $17M |
| GLDSPDR GOLD TR | 3K | 19K | 25K | 21K | 21K | 23K | $10M |
| FENIFIDELITY COVINGTON TRUST | — | — | — | — | — | 254K | $9M |
| IEMGISHARES INC | 5K | — | — | — | — | 96K | $7M |
| IGFISHARES TR | — | — | — | 72K | 98K | 91K | $6M |
| PICKISHARES INC | — | — | — | — | — | 59K | $3M |
| EWJISHARES INC | — | — | — | 8K | — | 39K | $3M |
| SPYSTATE STR SPDR S&P 500 ETF T | 930 | 932 | 1K | 913 | 896 | 5K | $3M |
| XLVSELECT SECTOR SPDR TR | 42K | 42K | 10K | 4K | 19K | 18K | $3M |
| SHLDGLOBAL X FDS | — | — | — | — | — | 37K | $3M |
| XLFSELECT SECTOR SPDR TR | — | — | — | — | 31K | 50K | $2M |
| NLRVANECK ETF TRUST | — | — | — | — | — | 18K | $2M |
| ITAIShares U.S. Aerospace & Defense ETF | 3K | 2K | 3K | 3K | 2K | 9K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
