CIK 2130270
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 | 100.00% | 23 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VGLT | VANGUARD SCOTTSDALE FDS | Unclassified | 14.05% |
| 2 | GDXJ | VANECK ETF TRUST | Unclassified | 10.67% |
| 3 | EYLD | CAMBRIA ETF TR | Unclassified | 9.06% |
| 4 | TAIL | CAMBRIA ETF TR | Unclassified | 9.01% |
| 5 | EDV | VANGUARD WORLD FD | Unclassified | 7.67% |
| 6 | MTBA | SIMPLIFY EXCHANGE TRADED FUN | Unclassified | 6.64% |
| 7 | TLH | ISHARES TR | Unclassified | 5.20% |
| 8 | TUA | SIMPLIFY EXCHANGE TRADED FUN | Unclassified | 4.35% |
| 9 | PXH | INVESCO EXCH TRADED FD TR II | Unclassified | 4.13% |
| 10 | SCHQ | SCHWAB STRATEGIC TR | Unclassified | 3.34% |
0/23 names classified · sector 0.0% of weight · industry 0.0% · mkt cap 0.0%; 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: 0.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/23 names) · unclassified 100.0%: VGLT, GDXJ, EYLD, TAIL, EDV, MTBA, TLH, TUA, PXH, SCHQ +13 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 | VGLTVANGUARD SCOTTSDALE FDS | 243,810 | $13M | 14.1% | ADD 40% |
| 2 | GDXJVANECK ETF TRUST | 85,396 | $10M | 10.7% | HOLD |
| 3 | EYLDCAMBRIA ETF TR | 210,270 | $9M | 9.1% | TRIM −9% |
| 4 | TAILCAMBRIA ETF TR | 738,723 | $9M | 9.0% | ADD 17% |
| 5 | EDVVANGUARD WORLD FD | 113,492 | $7M | 7.7% | ADD 8% |
| 6 | MTBASIMPLIFY EXCHANGE TRADED FUN | 129,045 | $6M | 6.6% | ADD 6% |
| 7 | TLHISHARES TR | 49,593 | $5M | 5.2% | ADD 6% |
| 8 | TUASIMPLIFY EXCHANGE TRADED FUN | 198,092 | $4M | 4.4% | ADD 8% |
| 9 | PXHINVESCO EXCH TRADED FD TR II | 147,307 | $4M | 4.1% | ADD 34% |
| 10 | SCHQSCHWAB STRATEGIC TR | 102,093 | $3M | 3.3% | ADD 6% |
| 11 | IVOLKRANESHARES TRUST | 168,644 | $3M | 3.3% | ADD 8% |
| 12 | TBUXT ROWE PRICE ETF INC | 58,987 | $3M | 3.1% | ADD 44% |
| 13 | SGOVISHARES TR | 27,180 | $3M | 2.8% | TRIM −4% |
| 14 | NBHNEUBERGER BERMAN MUN FD INC | 249,195 | $3M | 2.6% | ADD 8% |
| 15 | EMXCISHARES INC | 30,397 | $2M | 2.5% | TRIM −49% |
| 16 | RFMZRIVERNORTH FLEXIBLE MUNI INC | 183,933 | $2M | 2.4% | NEW |
| 17 | XPCQXPIMCO CALIF MUN INCOME FD | 206,231 | $2M | 1.8% | ADD 3% |
| 18 | MHDBLACKROCK MUNIHOLDINGS FD IN | 142,325 | $2M | 1.7% | NEW |
| 19 | MYIBLACKROCK MUNIYIELD QUALITY | 148,721 | $2M | 1.6% | NEW |
| 20 | LEOBNY MELLON STRATEGIC MUNS IN | 219,485 | $1M | 1.4% | TRIM −38% |
| 21 | PNIPIMCO NEW YORK MUN FD II | 188,852 | $1M | 1.3% | ADD 3% |
| 22 | RFMRIVERNORTH FLEXIBLE MUN INCO | 64,986 | $911,754 | 0.9% | NEW |
| 23 | SCHRSCHWAB STRATEGIC TR | 10,220 | $254,580 | 0.3% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VGLTVANGUARD SCOTTSDALE FDS | — | — | — | — | 175K | 244K | $13M |
| GDXJVANECK ETF TRUST | — | — | — | — | 86K | 85K | $10M |
| EYLDCAMBRIA ETF TR | — | — | — | — | 232K | 210K | $9M |
| TAILCAMBRIA ETF TR | — | — | — | — | 629K | 739K | $9M |
| EDVVANGUARD WORLD FD | — | — | — | — | 105K | 113K | $7M |
| MTBASIMPLIFY EXCHANGE TRADED FUN | — | — | — | — | 121K | 129K | $6M |
| TLHISHARES TR | — | — | — | — | 47K | 50K | $5M |
| TUASIMPLIFY EXCHANGE TRADED FUN | — | — | — | — | 184K | 198K | $4M |
| PXHINVESCO EXCH TRADED FD TR II | — | — | — | — | 110K | 147K | $4M |
| SCHQSCHWAB STRATEGIC TR | — | — | — | — | 96K | 102K | $3M |
| IVOLKRANESHARES TRUST | — | — | — | — | 157K | 169K | $3M |
| TBUXT ROWE PRICE ETF INC | — | — | — | — | 41K | 59K | $3M |
| SGOVISHARES TR | — | — | — | — | 28K | 27K | $3M |
| NBHNEUBERGER BERMAN MUN FD INC | — | — | — | — | 230K | 249K | $3M |
| EMXCISHARES INC | — | — | — | — | 60K | 30K | $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.
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