CIK 2065794
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 | 97.08% | 31 |
| Specialty Retail | 0.64% | 2 |
| Technology Hardware & Equipment | 0.58% | 1 |
| Software | 0.58% | 1 |
| Utilities | 0.52% | 2 |
| Automobiles & Components | 0.28% | 2 |
| Semiconductors & Semiconductor Equipment | 0.17% | 1 |
| Commercial Services & Supplies | 0.14% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LQD | ISHARES TR | Unclassified | 15.94% |
| 2 | HYG | ISHARES TR | Unclassified | 15.91% |
| 3 | SCHX | SCHWAB U.S. LARGE-CAP ETF | Unclassified | 13.08% |
| 4 | IYZ | ISHARES TR | Unclassified | 6.26% |
| 5 | EEM | ISHARES TR | Unclassified | 5.45% |
| 6 | IJS | ISHARES TR | Unclassified | 5.39% |
| 7 | VTWO | VANGUARD SCOTTSDALE FDS | Unclassified | 5.23% |
| 8 | QQQM | INVESCO EXCH TRADED FD TR II | Unclassified | 5.01% |
| 9 | IYJ | ISHARES TR | Unclassified | 4.98% |
| 10 | IVW | ISHARES TR | Unclassified | 4.94% |
11/41 names classified · sector 3.3% of weight · industry 2.9% · mkt cap 3.3%; 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: 3.3% 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: 2.7% of book weight (9/41 names) · unclassified 97.3%: LQD, HYG, SCHX, IYZ, EEM, IJS, VTWO, QQQM, IYJ, IVW +22 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 | LQDISHARES TR | 204,293 | $22M | 15.9% | ADD 3% |
| 2 | HYGISHARES TR | 279,386 | $22M | 15.9% | ADD 4% |
| 3 | SCHXSCHWAB U.S. LARGE-CAP ETF | 712,672 | $18M | 13.1% | ADD 160% |
| 4 | IYZISHARES TR | 222,519 | $9M | 6.3% | TRIM −3% |
| 5 | EEMISHARES TR | 134,070 | $8M | 5.4% | TRIM −2% |
| 6 | IJSISHARES TR | 63,554 | $8M | 5.4% | NEW |
| 7 | VTWOVANGUARD SCOTTSDALE FDS | 72,957 | $7M | 5.2% | NEW |
| 8 | QQQMINVESCO EXCH TRADED FD TR II | 29,457 | $7M | 5.0% | HOLD |
| 9 | IYJISHARES TR | 47,186 | $7M | 5.0% | NEW |
| 10 | IVWISHARES TR | 60,999 | $7M | 4.9% | HOLD |
| 11 | IYMISHARES TR | 21,689 | $4M | 2.7% | NEW |
| 12 | XLGINVESCO EXCHANGE TRADED FD T | 63,246 | $3M | 2.5% | ADD 17% |
| 13 | XLUSELECT SECTOR SPDR TR | 29,325 | $1M | 1.0% | ADD 52% |
| 14 | XLKSELECT SECTOR SPDR TR | 10,077 | $1M | 1.0% | ADD 11% |
| 15 | TLTISHARES TR | 12,468 | $1M | 0.8% | ADD 3% |
| 16 | AGGISHARES TR | 10,728 | $1M | 0.8% | ADD 4% |
| 17 | SPYMSPDR SERIES TRUST | 13,074 | $1M | 0.7% | HOLD |
| 18 | RVNUDBX ETF TR | 40,036 | $986,291 | 0.7% | ADD 12% |
| 19 | MUNIPIMCO Intermediate Muni Bd Actv - ETF | 18,313 | $955,755 | 0.7% | ADD 13% |
| 20 | FLMIFRANKLIN TEMPLETON ETF TR | 37,403 | $927,220 | 0.7% | ADD 15% |
| 21 | AAPLAPPLE INC | 3,203 | $813,007 | 0.6% | TRIM −5% |
| 22 | MSFTMICROSOFT CORP | 2,184 | $808,309 | 0.6% | HOLD |
| 23 | SMMUPIMCO ETF TR | 15,252 | $769,463 | 0.6% | ADD 4% |
| 24 | ITBISHARES TR | 6,507 | $589,209 | 0.4% | ADD 44% |
| 25 | BRK.BBERKSHIRE HATHAWAY INC DEL | 1,068 | $511,786 | 0.4% | TRIM −4% |
| 26 | NZFNUVEEN MUNICIPAL CREDIT INC | 39,901 | $485,994 | 0.3% | ADD 39% |
| 27 | USRTISHARES TR | 8,104 | $479,676 | 0.3% | ADD 18% |
| 28 | AMZNAMAZON COM INC | 2,219 | $462,151 | 0.3% | ADD 7% |
| 29 | MIYBLACKROCK MUNIYIELD MICH QU | 38,654 | $459,210 | 0.3% | ADD 17% |
| 30 | COSTCOSTCO WHSL CORP NEW | 435 | $433,447 | 0.3% | ADD 6% |
| 31 | EPDENTERPRISE PRODS PARTNERS L | 9,833 | $372,081 | 0.3% | HOLD |
| 32 | NADNUVEEN QUALITY MUNCP INCOME | 31,605 | $363,458 | 0.3% | HOLD |
| 33 | DTEDTE ENERGY CO | 2,433 | $355,724 | 0.3% | ADD 4% |
| 34 | IYWISHARES TR | 1,803 | $327,100 | 0.2% | TRIM −95% |
| 35 | SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF | 11,064 | $322,294 | 0.2% | HOLD |
| 36 | SPGPInvesco S&P 500 GARP - ETF | 2,812 | $302,641 | 0.2% | HOLD |
| 37 | NVDANVIDIA CORPORATION | 1,386 | $241,721 | 0.2% | NEW |
| 38 | TSLATESLA INC | 646 | $240,150 | 0.2% | ADD 16% |
| 39 | MUBISHARES TR | 2,065 | $219,200 | 0.2% | TRIM −11% |
| 40 | VVISA INC | 662 | $200,083 | 0.1% | ADD 7% |
| 41 | FFORD MTR CO | 13,323 | $153,751 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LQDISHARES TR | — | 169K | 4K | 180K | 198K | 204K | $22M |
| HYGISHARES TR | — | 230K | 6K | 247K | 268K | 279K | $22M |
| SCHXSCHWAB U.S. LARGE-CAP ETF | — | 251K | — | 251K | 274K | 713K | $18M |
| IYZISHARES TR | — | 223K | 223K | 211K | 228K | 223K | $9M |
| EEMISHARES TR | — | — | 47K | 126K | 137K | 134K | $8M |
| IJSISHARES TR | — | 52K | — | — | — | 64K | $8M |
| VTWOVANGUARD SCOTTSDALE FDS | — | — | — | — | — | 73K | $7M |
| QQQMINVESCO EXCH TRADED FD TR II | — | 26K | — | 27K | 29K | 29K | $7M |
| IYJISHARES TR | — | — | — | — | — | 47K | $7M |
| IVWISHARES TR | — | 60K | — | 56K | 61K | 61K | $7M |
| IYMISHARES TR | — | — | — | — | — | 22K | $4M |
| XLGINVESCO EXCHANGE TRADED FD T | — | 41K | 45K | 49K | 54K | 63K | $3M |
| XLUSELECT SECTOR SPDR TR | — | 8K | 6K | 10K | 19K | 29K | $1M |
| XLKSELECT SECTOR SPDR TR | — | 4K | 3K | 4K | 9K | 10K | $1M |
| TLTISHARES TR | — | 13K | 13K | 13K | 12K | 12K | $1M |
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.
