CIK 2110608
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 | 98.29% | 15 |
| Semiconductors & Semiconductor Equipment | 1.25% | 1 |
| Banks | 0.46% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPYM | SPDR SERIES TRUST | Unclassified | 17.88% |
| 2 | SPAB | SPDR SERIES TRUST | Unclassified | 17.40% |
| 3 | IDEV | ISHARES TR | Unclassified | 16.18% |
| 4 | SPTM | SPDR SERIES TRUST | Unclassified | 11.78% |
| 5 | USFR | WISDOMTREE TR | Unclassified | 11.43% |
| 6 | PYLD | PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND | Unclassified | 9.68% |
| 7 | IWV | ISHARES TR | Unclassified | 5.98% |
| 8 | QQQM | INVESCO EXCH TRADED FD TR II | Unclassified | 5.44% |
| 9 | NVDA | NVIDIA CORP | Information Technology | 1.25% |
| 10 | VTI | VANGUARD INDEX FDS | Unclassified | 0.69% |
2/17 names classified · sector 1.7% of weight · industry 1.7% · mkt cap 1.7%; 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: 1.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 1.7% of book weight (2/17 names) · unclassified 98.3%: SPYM, SPAB, IDEV, SPTM, USFR, PYLD, IWV, QQQM, VTI, IWY +5 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 | SPYMSPDR SERIES TRUST | 292,848 | $22M | 17.9% | TRIM −36% |
| 2 | SPABSPDR SERIES TRUST | 851,393 | $22M | 17.4% | ADD 12% |
| 3 | IDEVISHARES TR | 242,742 | $20M | 16.2% | ADD 394% |
| 4 | SPTMSPDR SERIES TRUST | 186,804 | $15M | 11.8% | HOLD |
| 5 | USFRWISDOMTREE TR | 284,750 | $14M | 11.4% | ADD 6% |
| 6 | PYLDPIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND | 463,287 | $12M | 9.7% | ADD 6% |
| 7 | IWVISHARES TR | 20,244 | $8M | 6.0% | ADD 4% |
| 8 | QQQMINVESCO EXCH TRADED FD TR II | 28,685 | $7M | 5.4% | NEW |
| 9 | NVDANVIDIA CORPORATION | 9,001 | $2M | 1.3% | HOLD |
| 10 | VTIVANGUARD INDEX FDS | 2,694 | $864,173 | 0.7% | HOLD |
| 11 | IWYISHARES TR | 2,995 | $745,161 | 0.6% | TRIM −90% |
| 12 | SPYSTATE STR SPDR S&P 500 ETF T | 1,123 | $730,333 | 0.6% | HOLD |
| 13 | BFCBANK FIRST CORP | 4,231 | $571,468 | 0.5% | ADD 83% |
| 14 | DNPDNP SELECT INCOME FD INC | 21,650 | $222,991 | 0.2% | ADD 41% |
| 15 | SPHYSPDR SERIES TRUST | 9,033 | $210,651 | 0.2% | NEW |
| 16 | BTZBLACKROCK CR ALLOCATION INCO | 20,243 | $204,454 | 0.2% | ADD 43% |
| 17 | JPCNUVEEN PFD & INCOME OPPORTUN | 26,657 | $200,994 | 0.2% | ADD 39% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYMSPDR SERIES TRUST | — | — | — | — | 456K | 293K | $22M |
| SPABSPDR SERIES TRUST | — | — | — | — | 762K | 851K | $22M |
| IDEVISHARES TR | — | — | — | — | 49K | 243K | $20M |
| SPTMSPDR SERIES TRUST | — | — | — | — | 190K | 187K | $15M |
| USFRWISDOMTREE TR | — | — | — | — | 268K | 285K | $14M |
| PYLDPIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND | — | — | — | — | 437K | 463K | $12M |
| IWVISHARES TR | — | — | — | — | 20K | 20K | $8M |
| QQQMINVESCO EXCH TRADED FD TR II | — | — | — | — | — | 29K | $7M |
| NVDANVIDIA CORPORATION | — | — | — | — | 9K | 9K | $2M |
| VTIVANGUARD INDEX FDS | — | — | — | — | 3K | 3K | $864,173 |
| IWYISHARES TR | — | — | — | — | 29K | 3K | $745,161 |
| SPYSTATE STR SPDR S&P 500 ETF T | — | — | — | — | 1K | 1K | $730,333 |
| BFCBANK FIRST CORP | — | — | — | — | 2K | 4K | $571,468 |
| DNPDNP SELECT INCOME FD INC | — | — | — | — | 15K | 22K | $222,991 |
| SPHYSPDR SERIES TRUST | — | — | — | — | — | 9K | $210,651 |
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.
