CIK 728618
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% | 11 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 36.96% |
| 2 | AGG | ISHARES TR | Unclassified | 25.64% |
| 3 | BLV | VANGUARD BD INDEX FDS | Unclassified | 12.56% |
| 4 | IWM | ISHARES TR | Unclassified | 9.17% |
| 5 | EEM | ISHARES TR | Unclassified | 3.50% |
| 6 | EFA | ISHARES TR | Unclassified | 3.44% |
| 7 | VCSH | VANGUARD SCOTTSDALE FDS | Unclassified | 2.21% |
| 8 | VGSH | VANGUARD SHORT-TERM TREASURY ETF | Unclassified | 2.20% |
| 9 | HYG | ISHARES TR | Unclassified | 1.47% |
| 10 | SCHD | SCHWAB STRATEGIC TR | Unclassified | 1.43% |
0/11 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 (0/11 names) · unclassified 100.0%: SPY, AGG, BLV, IWM, EEM, EFA, VCSH, VGSH, HYG, SCHD +1 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 | 186,574 | $121M | 37.0% | ADD 2% |
| 2 | AGGISHARES TR | 847,733 | $84M | 25.6% | HOLD |
| 3 | BLVVANGUARD BD INDEX FDS | 599,208 | $41M | 12.6% | HOLD |
| 4 | IWMISHARES TR | 121,345 | $30M | 9.2% | HOLD |
| 5 | EEMISHARES TR | 202,478 | $11M | 3.5% | HOLD |
| 6 | EFAISHARES TR | 116,347 | $11M | 3.4% | HOLD |
| 7 | VCSHVANGUARD SCOTTSDALE FDS | 91,419 | $7M | 2.2% | HOLD |
| 8 | VGSHVANGUARD SHORT-TERM TREASURY ETF | 123,600 | $7M | 2.2% | HOLD |
| 9 | HYGISHARES TR | 60,500 | $5M | 1.5% | HOLD |
| 10 | SCHDSCHWAB STRATEGIC TR | 152,900 | $5M | 1.4% | TRIM −5% |
| 11 | QQQINVESCO QQQ TR | 8,100 | $5M | 1.4% | ADD 14% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 196K | 199K | 198K | 190K | 183K | 187K | $121M |
| AGGISHARES TR | 465K | 461K | 865K | 892K | 833K | 848K | $84M |
| BLVVANGUARD BD INDEX FDS | — | — | 599K | 599K | 599K | 599K | $41M |
| IWMISHARES TR | 134K | 134K | 134K | 121K | 121K | 121K | $30M |
| EEMISHARES TR | 180K | 180K | 180K | 202K | 202K | 202K | $11M |
| EFAISHARES TR | 110K | 110K | 110K | 116K | 116K | 116K | $11M |
| VCSHVANGUARD SCOTTSDALE FDS | — | — | 128K | 104K | 91K | 91K | $7M |
| VGSHVANGUARD SHORT-TERM TREASURY ETF | — | — | 173K | 141K | 124K | 124K | $7M |
| HYGISHARES TR | 75K | 75K | 75K | 61K | 61K | 61K | $5M |
| SCHDSCHWAB STRATEGIC TR | 180K | 177K | 205K | 191K | 161K | 153K | $5M |
| QQQINVESCO QQQ TR | 10K | 11K | 10K | 9K | 7K | 8K | $5M |
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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