CIK 2115210
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% | 42 |
| Semiconductors & Semiconductor Equipment | 0.19% | 1 |
| Technology Hardware & Equipment | 0.19% | 1 |
| Specialty Retail | 0.16% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 15.25% |
| 2 | VUG | VANGUARD INDEX FDS | Unclassified | 8.77% |
| 3 | VIG | VANGUARD SPECIALIZED FUNDS | Unclassified | 6.35% |
| 4 | BSV | VANGUARD BD INDEX FDS | Unclassified | 4.60% |
| 5 | SPHQ | INVESCO EXCHANGE TRADED FD T | Unclassified | 4.53% |
| 6 | DMBS | DOUBLELINE ETF TRUST | Unclassified | 4.46% |
| 7 | USMV | ISHARES TR | Unclassified | 4.33% |
| 8 | IJH | ISHARES TR | Unclassified | 4.32% |
| 9 | SCHD | SCHWAB STRATEGIC TR | Unclassified | 3.91% |
| 10 | IEI | ISHARES TR | Unclassified | 3.82% |
3/45 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 (3/45 names) · unclassified 99.5%: SPY, VUG, VIG, BSV, SPHQ, DMBS, USMV, IJH, SCHD, IEI +32 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 | SPYSTATE STR SPDR S&P 500 ETF T | 32,042 | $21M | 15.3% | HOLD |
| 2 | VUGVANGUARD INDEX FDS | 27,449 | $12M | 8.8% | ADD 2% |
| 3 | VIGVANGUARD SPECIALIZED FUNDS | 40,348 | $9M | 6.4% | ADD 25% |
| 4 | BSVVANGUARD BD INDEX FDS | 80,195 | $6M | 4.6% | ADD 4% |
| 5 | SPHQINVESCO EXCHANGE TRADED FD T | 82,408 | $6M | 4.5% | ADD 111% |
| 6 | DMBSDOUBLELINE ETF TRUST | 123,300 | $6M | 4.5% | ADD 29% |
| 7 | USMVISHARES TR | 63,728 | $6M | 4.3% | TRIM −5% |
| 8 | IJHISHARES TR | 87,441 | $6M | 4.3% | ADD 4% |
| 9 | SCHDSCHWAB STRATEGIC TR | 174,188 | $5M | 3.9% | TRIM −31% |
| 10 | IEIISHARES TR | 44,061 | $5M | 3.8% | ADD 3% |
| 11 | EFAISHARES TR | 53,754 | $5M | 3.8% | ADD 17% |
| 12 | EFAVISHARES TR | 42,851 | $4M | 2.9% | ADD 13% |
| 13 | PGXINVESCO EXCH TRADED FD TR II | 357,778 | $4M | 2.8% | ADD 7% |
| 14 | XLKSELECT SECTOR SPDR TR | 29,246 | $4M | 2.8% | TRIM −5% |
| 15 | VCITVANGUARD SCOTTSDALE FDS | 40,902 | $3M | 2.5% | HOLD |
| 16 | XONEBONDBLOXX ETF TRUST | 67,057 | $3M | 2.4% | TRIM −48% |
| 17 | VGTVANGUARD WORLD FD | 4,107 | $3M | 2.2% | ADD 100% |
| 18 | DSIISHARES TR | 23,618 | $3M | 2.1% | TRIM −10% |
| 19 | FLOTISHARES TR | 52,037 | $3M | 1.9% | ADD 5% |
| 20 | MBBISHARES TR | 23,748 | $2M | 1.7% | HOLD |
| 21 | TBILRBB FD INC | 42,212 | $2M | 1.5% | TRIM −5% |
| 22 | XLVSELECT SECTOR SPDR TR | 11,713 | $2M | 1.3% | TRIM −10% |
| 23 | AGGISHARES TR | 14,858 | $1M | 1.1% | TRIM −12% |
| 24 | IYWISHARES TR | 7,939 | $1M | 1.1% | TRIM −3% |
| 25 | IBITISHARES BITCOIN TRUST ETF | 35,492 | $1M | 1.0% | TRIM −18% |
| 26 | BBBSBONDBLOXX ETF TRUST | 25,026 | $1M | 0.9% | NEW |
| 27 | IJJISHARES TR | 8,306 | $1M | 0.8% | TRIM −4% |
| 28 | ETHAISHARES ETHEREUM TR | 68,972 | $1M | 0.8% | TRIM −5% |
| 29 | VTVVANGUARD INDEX FDS | 4,737 | $929,399 | 0.7% | TRIM −2% |
| 30 | IAUISHARES GOLD TR | 9,661 | $851,714 | 0.6% | ADD 27% |
| 31 | SPLVINVESCO EXCH TRADED FD TR II | 10,819 | $791,276 | 0.6% | TRIM −32% |
| 32 | IJKISHARES TR | 6,808 | $685,021 | 0.5% | TRIM −6% |
| 33 | VHTVANGUARD WORLD FD | 2,262 | $637,351 | 0.5% | ADD 65% |
| 34 | IVEISHARES TR | 2,781 | $587,138 | 0.4% | TRIM −29% |
| 35 | IVVISHARES TR | 798 | $521,262 | 0.4% | HOLD |
| 36 | IWMISHARES TR | 1,694 | $420,112 | 0.3% | TRIM −23% |
| 37 | AOAISHARES TR | 4,652 | $411,655 | 0.3% | TRIM −6% |
| 38 | EFVISHARES TR | 4,981 | $370,337 | 0.3% | HOLD |
| 39 | IVWISHARES TR | 3,118 | $352,636 | 0.3% | TRIM −12% |
| 40 | IJSISHARES TR | 2,722 | $322,472 | 0.2% | HOLD |
| 41 | VEUVANGUARD INTL EQUITY INDEX F | 4,170 | $313,167 | 0.2% | HOLD |
| 42 | IJRISHARES TR | 2,485 | $308,941 | 0.2% | TRIM −4% |
| 43 | NVDANVIDIA CORPORATION | 1,478 | $257,843 | 0.2% | ADD 10% |
| 44 | AAPLAPPLE INC | 1,014 | $257,390 | 0.2% | ADD 4% |
| 45 | AMZNAMAZON COM INC | 1,039 | $216,393 | 0.2% | ADD 5% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | — | — | — | — | 32K | 32K | $21M |
| VUGVANGUARD INDEX FDS | — | — | — | — | 27K | 27K | $12M |
| VIGVANGUARD SPECIALIZED FUNDS | — | — | — | — | 32K | 40K | $9M |
| BSVVANGUARD BD INDEX FDS | — | — | — | — | 77K | 80K | $6M |
| SPHQINVESCO EXCHANGE TRADED FD T | — | — | — | — | 39K | 82K | $6M |
| DMBSDOUBLELINE ETF TRUST | — | — | — | — | 95K | 123K | $6M |
| USMVISHARES TR | — | — | — | — | 67K | 64K | $6M |
| IJHISHARES TR | — | — | — | — | 84K | 87K | $6M |
| SCHDSCHWAB STRATEGIC TR | — | — | — | — | 253K | 174K | $5M |
| IEIISHARES TR | — | — | — | — | 43K | 44K | $5M |
| EFAISHARES TR | — | — | — | — | 46K | 54K | $5M |
| EFAVISHARES TR | — | — | — | — | 38K | 43K | $4M |
| PGXINVESCO EXCH TRADED FD TR II | — | — | — | — | 335K | 358K | $4M |
| XLKSELECT SECTOR SPDR TR | — | — | — | — | 31K | 29K | $4M |
| VCITVANGUARD SCOTTSDALE FDS | — | — | — | — | 41K | 41K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
