Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$140M in Q4 2013 → $4.08B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| SS SPDR Series Trust | 8.4% | Trimmed 2.1% | 2,888,101 | $344M |
| SS SPDR Series Trust | 7.4% | Trimmed 0.1% | 4,938,446 | $300M |
| SS Schwab Strategic Tr | 6.3% | Trimmed 2.3% | 6,983,767 | $257M |
| SS Select Sector SPDR Tr | 5.9% | Added 4.7% | 1,268,200 | $242M |
| SI SPDR Index Shs Fds | 4.9% | Trimmed 2.3% | 4,000,503 | $202M |
| SS SPDR Series Trust | 3.9% | Added 2.9% | 5,333,999 | $160M |
| SS Schwab Strategic Tr | 3.4% | Trimmed 2.2% | 3,796,240 | $137M |
| SS SPDR Series Trust | 2.7% | Trimmed 0.0% | 4,753,003 | $111M |
| SS Select Sector SPDR Tr | 2.6% | Added 2.6% | 1,956,757 | $105M |
| SA Ssga Active ETF Tr | 2.2% | Trimmed 3.5% | 2,246,592 | $90.5M |
| VS Vanguard Scottsdale Fds | 2.1% | Added 1.9% | 1,021,669 | $84.4M |
| VS Vanguard Scottsdale Fds | 1.8% | Added 1.6% | 1,236,917 | $72M |
| SI SPDR Index Shs Fds | 1.7% | Added 0.4% | 1,335,026 | $69.1M |
| SS Select Sector SPDR Tr | 1.5% | Added 0.9% | 379,833 | $60.3M |
| SS Select Sector SPDR Tr | 1.4% | Trimmed 10% | 310,256 | $57.5M |
| SS SPDR Series Trust | 1.2% | Added 2.9% | 2,230,802 | $49.8M |
| SS Select Sector SPDR Tr | 1.2% | Added 23% | 596,228 | $49.5M |
| IT Ishares Tr | 1.2% | Trimmed 2.9% | 403,189 | $49.1M |
| SS Select Sector SPDR Tr | 1.2% | Added 1.5% | 406,747 | $47.7M |
| DE Dimensional ETF Trust | 1.2% | Added 7.5% | 913,266 | $47.2M |
| VI Vanguard Intl Equity Index F | 1.1% | Trimmed 1.2% | 283,898 | $43.8M |
| Apple Inc | 1.0% | Added 1.5% | 147,592 | $42.7M |
| SS Schwab Strategic Tr | 1.0% | Added 0.1% | 1,580,881 | $41.9M |
| SS Select Sector SPDR Tr | 1.0% | Trimmed 0.4% | 913,389 | $40.2M |
| VS Vanguard Scottsdale Fds | 1.0% | Added 0.7% | 531,412 | $40M |
| FT First Tr Exch Traded Fd Iii | 1.0% | Added 1.7% | 2,184,822 | $39.1M |
| Nvidia Corporation | 1.0% | Added 6.9% | 194,777 | $39M |
| SS Schwab Strategic Tr | 0.9% | Trimmed 0.2% | 1,527,811 | $37.7M |
| SS Select Sector SPDR Tr | 0.9% | Trimmed 1.2% | 326,682 | $35M |
| VS Vanguard Specialized Funds | 0.8% | Trimmed 4.0% | 139,306 | $33M |
| GX Global X Fds | 0.7% | Trimmed 2.0% | 404,310 | $29.8M |
| SS SPDR Series Trust | 0.7% | Added 1.4% | 1,079,040 | $28.3M |
| VW Vanguard Whitehall Fds | 0.7% | Added 1.7% | 412,915 | $27.8M |
| DE Dimensional ETF Trust | 0.7% | Added 8.9% | 648,270 | $26.7M |
| DE Dimensional ETF Trust | 0.6% | Added 7.9% | 320,063 | $26.4M |
| SS SPDR Series Trust | 0.6% | Trimmed 5.0% | 806,621 | $24.9M |
| SS SPDR Series Trust | 0.6% | Added 2.3% | 955,598 | $24.4M |
| Microsoft Corp | 0.5% | Added 8.8% | 57,359 | $21.4M |
| VI Vanguard Index Fds | 0.5% | Added 6.1% | 107,901 | $21.3M |
| SS Select Sector SPDR Tr | 0.5% | Trimmed 0.9% | 415,988 | $21.1M |
| SS Schwab Strategic Tr | 0.5% | Added 1.4% | 632,443 | $20.1M |
| SS SPDR Series Trust | 0.5% | Added 0.5% | 221,997 | $19.5M |
| Amazon Com Inc | 0.4% | Added 4.5% | 73,039 | $17.4M |
| VI Vanguard Index Fds | 0.4% | Added 5.3% | 52,638 | $16.1M |
| DE Dimensional ETF Trust | 0.4% | Added 7.8% | 455,568 | $16M |
| DE Dimensional ETF Trust | 0.4% | Added 6.0% | 394,851 | $15.6M |
| PF Pacer Fds Tr | 0.4% | Trimmed 0.4% | 249,443 | $15.5M |
| SS Select Sector SPDR Tr | 0.4% | Trimmed 11% | 283,956 | $15.1M |
| DE Dimensional ETF Trust | 0.4% | Added 6.7% | 364,776 | $14.7M |
| SS Select Sector SPDR Tr | 0.4% | Trimmed 52% | 320,069 | $14.5M |
| Alphabet Inc | 0.3% | Added 5.5% | 39,867 | $14.2M |
| IE Innovator Etfs Trust | 0.3% | Added 108% | 309,557 | $13.4M |
| Tesla Inc | 0.3% | Added 8.5% | 31,453 | $13.2M |
| Alphabet Inc | 0.3% | Added 4.6% | 37,077 | $13.1M |
| SS SPDR Series Trust | 0.3% | Trimmed 2.1% | 518,155 | $13M |
| SS State Str SPDR S&P 500 ETF T | 0.3% | Trimmed 15% | 15,953 | $11.9M |
| VI Vanguard Index Fds | 0.3% | Added 6.1% | 48,560 | $11.8M |
| IE Invesco Exch Trd Slf Idx Fd | 0.3% | Added 7.2% | 507,769 | $11.7M |
| DE Dimensional ETF Trust | 0.3% | Added 2.5% | 198,674 | $10.7M |
| IT Ishares Tr | 0.3% | Trimmed 0.1% | 135,810 | $10.5M |
Showing top 60 of 571 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Trimmed | −342,340 | −$15.5M | 0.4% |
| SS Select Sector SPDR Tr | Added | +57,286 | +$10.9M | 5.9% |
| SS Select Sector SPDR Tr | Added | +110,011 | +$9.14M | 1.2% |
| IE Innovator Etfs Trust | Trimmed | −167,820 | −$7.66M | 0.1% |
| SS SPDR Series Trust | Trimmed | −61,999 | −$7.38M | 8.4% |
| IE Innovator Etfs Trust | Added | +160,929 | +$6.96M | 0.3% |
| SS Select Sector SPDR Tr | Trimmed | −35,480 | −$6.57M | 1.4% |
| Deere & Co | Trimmed | −10,081 | −$6.4M | 0.1% |
| SS Schwab Strategic Tr | Trimmed | −167,760 | −$6.19M | 6.3% |
| VI Vanguard Index Fds | Added | +68,777 | +$5.92M | 0.2% |
Showing the 10 largest of 584 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Trimmed | −548,163 | −$53.7M | 7.9% |
| SS SPDR Series Trust | Trimmed | −696,576 | −$39.4M | 7.6% |
| SS Schwab Strategic Tr | Trimmed | −1,203,553 | −$37.3M | 6.1% |
| VS Vanguard Scottsdale Fds | Added | +421,549 | +$34.9M | 2.3% |
| SS Select Sector SPDR Tr | Added | +615,934 | +$30.4M | 2.6% |
| SS SPDR Series Trust | Added | +1,107,685 | +$25.8M | 3.0% |
| SS SPDR Series Trust | Added | +818,979 | +$24.6M | 4.3% |
| SA Ssga Active ETF Tr | Added | +524,826 | +$21.1M | 2.6% |
| SS Select Sector SPDR Tr | Trimmed | −104,117 | −$16.8M | 1.5% |
| SS Select Sector SPDR Tr | Trimmed | −148,079 | −$16.4M | 1.0% |
Showing the 10 largest of 550 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Added | +587,070 | +$84.5M | 4.6% |
| SS Select Sector SPDR Tr | Added | +654,506 | +$35.8M | 1.9% |
| SS Select Sector SPDR Tr | Added | +249,935 | +$29.8M | 1.3% |
| SS Select Sector SPDR Tr | Trimmed | −144,005 | −$22.3M | 1.9% |
| SS Schwab Strategic Tr | Trimmed | −587,229 | −$17.7M | 6.8% |
| IE Invesco Exch Trd Slf Idx Fd | Exited | −512,534 | −$11.8M | — |
| SS Select Sector SPDR Tr | Added | +236,598 | +$10.1M | 0.5% |
| SS Select Sector SPDR Tr | Added | +219,608 | +$9.82M | 0.6% |
| SS Select Sector SPDR Tr | Added | +212,114 | +$9.62M | 0.5% |
| SS Select Sector SPDR Tr | Trimmed | −113,343 | −$8.8M | 0.7% |
Showing the 10 largest of 533 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Added | +394,409 | +$21.9M | 8.7% |
| SS Select Sector SPDR Tr | Added | +138,092 | +$21.3M | 2.6% |
| SS Schwab Strategic Tr | Added | +568,609 | +$17M | 7.5% |
| SS SPDR Series Trust | Added | +156,423 | +$16.4M | 10.4% |
| SS Select Sector SPDR Tr | Trimmed | −60,019 | −$14.4M | 0.9% |
| SS Select Sector SPDR Tr | Added | +119,176 | +$13.9M | 1.5% |
| SS SPDR Series Trust | Added | +389,790 | +$11.8M | 3.6% |
| SS Schwab Strategic Tr | Added | +346,784 | +$9.74M | 3.1% |
| SS Select Sector SPDR Tr | Trimmed | −103,210 | −$9.26M | 0.5% |
| SI SPDR Index Shs Fds | Added | +213,525 | +$9.22M | 5.2% |
Showing the 10 largest of 530 changes.
quarter ended June 30, 2025 · filed August 01, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Schwab Strategic Tr | Added | +1,072,948 | +$30.1M | 7.3% |
| SS Select Sector SPDR Tr | Trimmed | −347,374 | −$18.2M | 1.0% |
| SS Select Sector SPDR Tr | Added | +108,815 | +$16.1M | 2.1% |
| SS Select Sector SPDR Tr | Trimmed | −139,313 | −$15.1M | 1.2% |
| SS SPDR Series Trust | Added | +117,839 | +$11.2M | 10.0% |
| SS SPDR Series Trust | Added | +189,720 | +$9.93M | 8.5% |
| SS Select Sector SPDR Tr | Added | +79,676 | +$7M | 0.8% |
| FT First Tr Exchange-traded Fd | Trimmed | −72,450 | −$4.34M | 0.2% |
| VS Vanguard Scottsdale Fds | Added | +51,293 | +$4.25M | 1.3% |
| SI SPDR Index Shs Fds | Trimmed | −99,841 | −$4.04M | 5.2% |
Showing the 10 largest of 479 changes.
quarter ended March 31, 2025 · filed May 19, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SA Ssga Active ETF Tr | Added | +1,572,607 | +$64.7M | 2.2% |
| IE Invesco Exch Traded Fd Tr Ii | Trimmed | −3,039,337 | −$62.6M | 0.2% |
| VS Vanguard Scottsdale Fds | Trimmed | −998,798 | −$46M | 0.1% |
| IE Invesco Exch Traded Fd Tr Ii | Trimmed | −1,869,881 | −$45.2M | 0.2% |
| SS SPDR Ser Tr | New | +1,978,820 | +$43.6M | 1.5% |
| SS SPDR Ser Tr | Added | +1,434,399 | +$43.2M | 3.9% |
| SS Schwab Strategic Tr | Added | +1,581,924 | +$41.4M | 6.5% |
| VS Vanguard Scottsdale Fds | Trimmed | −669,773 | −$39.3M | 2.5% |
| GX Global X Fds | Added | +376,821 | +$24M | 0.8% |
| FT First Tr Exch Traded Fd Iii | Added | +1,342,527 | +$23.6M | 1.2% |
Showing the 10 largest of 459 changes.
quarter ended December 31, 2024 · filed January 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Schwab Strategic Tr | Added | +3,782,365 | +$105M | 5.6% |
| SS Schwab Strategic Tr | Added | +2,073,546 | +$53.6M | 3.9% |
| SS Select Sector SPDR Tr | Trimmed | −493,368 | −$23.8M | 1.7% |
| SS Select Sector SPDR Tr | Added | +122,125 | +$16.8M | 1.9% |
| SS Schwab Strategic Tr | Added | +468,543 | +$12.1M | 0.9% |
| SS SPDR Ser Tr | Trimmed | −136,596 | −$12M | 10.1% |
| FT First Tr Exch Traded Fd Iii | New | +657,658 | +$11.6M | 0.4% |
| SS Schwab Strategic Tr | Added | +345,572 | +$9.44M | 0.5% |
| IE Invesco Exch Trd Slf Idx Fd | Exited | −394,339 | −$8.96M | — |
| SS Select Sector SPDR Tr | Added | +106,440 | +$8.96M | 0.6% |
Showing the 10 largest of 449 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Ser Tr | Added | +285,982 | +$15.1M | 8.8% |
| SS SPDR Ser Tr | Added | +164,499 | +$13.6M | 9.9% |
| SI SPDR Index Shs Fds | Added | +340,208 | +$12.8M | 5.8% |
| FT First Tr Exch Traded Fd Iii | Exited | −552,002 | −$9.58M | — |
| SS Select Sector SPDR Tr | Trimmed | −45,820 | −$9.18M | 1.3% |
| SS SPDR Ser Tr | Added | +378,118 | +$9.09M | 2.8% |
| SS SPDR Ser Tr | Added | +296,426 | +$8.98M | 2.5% |
| SS Select Sector SPDR Tr | Trimmed | −57,854 | −$8.91M | 1.5% |
| IE Invesco Exch Traded Fd Tr Ii | Added | +423,415 | +$8.9M | 2.5% |
| SS Schwab Strategic Tr | Added | +99,151 | +$8.24M | 5.7% |
Showing the 10 largest of 416 changes.
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