Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (45 quarters reported)
$317M in Q1 2014 → $185M now. Hover for any quarter.
As reported for the quarter ended June 30, 2025. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| SP SPDR Portfolio S&P 500 ETF | 11.5% | Added 12% | 293,571 | $21.3M |
| SP SPDR Portfolio S&P 1500 Compos | 11.5% | Trimmed 9.6% | 284,750 | $21.3M |
| JD Janus Detroit Street Trust Jan | 9.9% | Trimmed 3.5% | 361,831 | $18.4M |
| PE Pimco Enhanced Low Duration Ac | 9.6% | Added 151% | 185,159 | $17.7M |
| VF Victoryshares Free Cash Flow E | 9.2% | Trimmed 5.1% | 479,584 | $17M |
| PM Pimco Multisector Bond Active | 8.4% | Trimmed 5.2% | 586,699 | $15.6M |
| BB Bondbloxx Bloomberg Six Month | 5.8% | New | 213,466 | $10.7M |
| AU Astoria Us Equal Weight Qualit | 5.3% | Trimmed 6.8% | 307,367 | $9.9M |
| TS Technology Select Sector SPDR | 4.5% | New | 32,803 | $8.31M |
| AO Angel Oak Income ETF | 4.3% | New | 383,809 | $7.98M |
| FS Financial Select Sector SPDR F | 2.7% | Trimmed 32% | 95,608 | $5.01M |
| IS Ishares Short Treasury Bond Et | 2.7% | Added 104% | 44,431 | $4.91M |
| IS Ishares Short Duration Bond Ac | 2.6% | Added 68% | 93,013 | $4.75M |
| TR T. Rowe Price Small-mid Cap Et | 2.5% | Trimmed 3.5% | 141,254 | $4.63M |
| ID Imgp Dbi Managed Futures Strat | 2.5% | Trimmed 3.8% | 177,689 | $4.57M |
| SM Simplify Managed Futures Strat | 2.4% | Trimmed 3.7% | 163,635 | $4.38M |
| VC Vanguard Communication Service | 2.0% | Trimmed 33% | 21,572 | $3.69M |
| CS Consumer Staples Select Sector | 1.3% | Trimmed 21% | 30,208 | $2.45M |
| ES Energy Select Sector SPDR Fund | 0.7% | New | 15,475 | $1.31M |
| MS Materials Select Sector SPDR F | 0.6% | Trimmed 29% | 12,564 | $1.1M |
| I5 Ishares 5-10 Year Investment G | 0.0% | New | 117 | $6.24K |
| SB SPDR Blackstone Senior Loan Et | 0.0% | Trimmed 100% | 120 | $4.99K |
| BB Bondbloxx Bloomberg Ten Year T | 0.0% | New | 72 | $3.32K |
| BB Bondbloxx Bloomberg One Year T | 0.0% | Trimmed 100% | 51 | $2.53K |
| IU Invesco Ultra Short Duration E | 0.0% | New | 42 | $2.11K |
| SB SPDR Bloomberg Investment Grad | 0.0% | New | 68 | $2.1K |
| BM Bny Mellon High Yield ETF | 0.0% | New | 43 | $2.08K |
| PS Pimco Senior Loan Active Excha | 0.0% | Trimmed 100% | 40 | $2.04K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2025 · filed July 18, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BB Bondbloxx Bloomberg One Year T | Trimmed | −230,426 | −$11.4M | — |
| BB Bondbloxx Bloomberg Six Month | New | +213,466 | +$10.7M | 5.8% |
| PE Pimco Enhanced Low Duration Ac | Added | +111,260 | +$10.7M | 9.6% |
| RE Real Estate Select Sector SPDR | Exited | −211,321 | −$8.84M | — |
| TS Technology Select Sector SPDR | New | +32,803 | +$8.31M | 4.5% |
| AO Angel Oak Income ETF | New | +383,809 | +$7.98M | 4.3% |
| PS Pimco Senior Loan Active Excha | Trimmed | −140,673 | −$7.17M | — |
| DN Direxion Nasdaq-100 Equal Weig | Exited | −71,620 | −$6.24M | — |
| HC Health Care Select Sector SPDR | Exited | −35,052 | −$5.12M | — |
| IS Industrial Select Sector SPDR | Exited | −30,488 | −$4M | — |
Showing the 10 largest of 32 changes.
quarter ended March 31, 2025 · filed May 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr Technology | Exited | −37,231 | −$8.66M | — |
| SE Simplify Exchange Traded Funds Enhanced Inm | Exited | −350,313 | −$8.06M | — |
| PE Pimco Enhanced Low Duration Ac | New | +73,899 | +$7.09M | 3.8% |
| FT First Tr Exchange-traded Fd Vi Smid Risng ETF | Exited | −182,179 | −$6.53M | — |
| SS Select Sector SPDR Tr Sbi Cons Discr | Exited | −22,904 | −$5.14M | — |
| HC Health Care Select Sector SPDR | New | +35,052 | +$5.12M | 2.7% |
| BB Bondbloxx Bloomberg One Year T | Added | +96,876 | +$4.82M | 6.1% |
| PM Pimco Multisector Bond Active | Added | +182,424 | +$4.81M | 8.7% |
| VF Victoryshares Free Cash Flow E | Added | +121,787 | +$4.17M | 9.2% |
| SM Simplify Managed Futures Strat | Trimmed | −134,491 | −$3.98M | 2.7% |
Showing the 10 largest of 33 changes.
quarter ended December 31, 2024 · filed January 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Ser Tr Bloomberg Invt | Trimmed | −647,861 | −$19.9M | — |
| FT First Tr Exchng Traded Fd Viii Ft Vest Us Eqt | Exited | −387,784 | −$18.8M | — |
| PE Pimco ETF Tr Sr Ln Active ETF | New | +190,329 | +$9.73M | 5.0% |
| SS Select Sector SPDR Tr Technology | New | +37,231 | +$8.66M | 4.4% |
| LG Litman Gregory Fds Tr Imgp Dbi Managed | New | +311,921 | +$8.16M | 4.2% |
| IE Invesco Exchange Traded Fd Tr Sandp500 Eql | Exited | −40,288 | −$7.22M | — |
| BE Bondbloxx ETF Trust Bloomberg Seven | Exited | −140,114 | −$6.87M | — |
| BE Bondbloxx ETF Trust Bloomberg One Yr | New | +133,601 | +$6.62M | 3.4% |
| SS Select Sector SPDR Tr Rl Est Sel Sec | Added | +153,772 | +$6.25M | 4.0% |
| SS Select Sector SPDR Tr Financial | New | +126,815 | +$6.13M | 3.1% |
Showing the 10 largest of 37 changes.
quarter ended September 30, 2024 · filed October 24, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FT First Tr Exchng Traded Fd Viii Ft Vest Uq Eqt | Exited | −467,802 | −$19.9M | — |
| FT First Tr Exchng Traded Fd Viii Ft Vest Us Eqt | New | +387,784 | +$18.8M | 9.0% |
| SS Select Sector SPDR Tr Rl Est Sel Sec | Trimmed | −236,234 | −$10.6M | 0.8% |
| IE Invesco Exchange Traded Fd Tr Sandp500 Eql | Trimmed | −58,591 | −$10.5M | 3.5% |
| IM Ishares Inc Msci Emrg Chn | Exited | −155,296 | −$9.19M | — |
| SI SPDR Index Shs Fds Portfolio Emg Mk | Exited | −241,791 | −$9.11M | — |
| SA Ssga Active ETF Tr Blackstone Senr | Trimmed | −213,084 | −$8.91M | — |
| ES Ea Series Trust Astoria Us Equal | New | +287,520 | +$8.86M | 4.2% |
| VP Victory Portfolios Ii Shares Free Cash | New | +261,624 | +$8.71M | 4.2% |
| SE Simplify Exchange Traded Funds Managed | New | +326,615 | +$8.49M | 4.1% |
Showing the 10 largest of 35 changes.
quarter ended June 30, 2024 · filed July 31, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FT First Tr Exchng Traded Fd Vi | Exited | −506,523 | −$22.5M | — |
| FT First Tr Exchng Traded Fd Viii Ft Vest Uq Eqt | New | +467,802 | +$19.9M | 9.2% |
| SS SPDR Ser Tr Bloomberg Invt | Trimmed | −362,433 | −$11.2M | 5.7% |
| IM Ishares Inc Msci Emrg Chn | New | +155,296 | +$9.19M | 4.2% |
| IT Ishares Tr | Exited | −61,450 | −$6.19M | — |
| PE Pimco ETF Tr Multisector Bd | Added | +175,791 | +$4.51M | 5.9% |
| SS SPDR Ser Tr Portfolio Sandp500 | Trimmed | −60,902 | −$3.9M | 10.1% |
| JD Janus Detroit Str Tr Hendrson Aaa Cl | Trimmed | −59,727 | −$3.04M | 9.7% |
| IE Invesco Exchange Traded Fd Tr Sandp500 Eql | Trimmed | −17,283 | −$2.84M | 7.5% |
| SI SPDR Index Shs Fds Portfolio Emg Mk | Trimmed | −51,117 | −$1.93M | 4.2% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2024 · filed April 30, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FT First Tr Exchng Traded Fd Vi | Exited | −661,549 | −$23.1M | — |
| FT First Tr Exchng Traded Fd Vi | New | +506,523 | +$22.5M | 8.9% |
| IT Ishares Tr | Trimmed | −165,449 | −$16.7M | 2.5% |
| SS SPDR Ser Tr | Trimmed | −210,913 | −$13.5M | 4.2% |
| SS SPDR Ser Tr | Exited | −136,896 | −$12.5M | — |
| SS Select Sector SPDR Tr | New | +308,268 | +$12.2M | 4.8% |
| SS SPDR Ser Tr | Exited | −73,117 | −$10.6M | — |
| SA Ssga Active ETF Tr | New | +242,083 | +$10.2M | 4.0% |
| FT First Tr Exchange-traded Fd | New | +247,078 | +$8.6M | 3.4% |
| IE Invesco Exch Traded Fd Tr Ii | New | +46,064 | +$8.42M | 3.3% |
Showing the 10 largest of 36 changes.
quarter ended December 31, 2023 · filed January 30, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FT First Tr Exchng Traded Fd Vi | New | +661,549 | +$23.1M | 8.9% |
| GS Goldman Sachs ETF Tr | Trimmed | −133,704 | −$13.3M | 0.7% |
| FT First Tr Exchng Traded Fd Vi | Exited | −323,807 | −$12.6M | — |
| SS SPDR Ser Tr | Trimmed | −132,275 | −$12.1M | 4.8% |
| SI SPDR Index Shs Fds | New | +304,422 | +$10.8M | 4.1% |
| SE Simplify Exchange Traded Fun | New | +426,297 | +$10.5M | 4.0% |
| SS SPDR Ser Tr | Trimmed | −70,770 | −$10.3M | 4.1% |
| VP Victory Portfolios Ii | Exited | −206,096 | −$10.1M | — |
| I Ishares Inc | Exited | −173,896 | −$8.67M | — |
| IE Invesco Exchange Traded Fd T | Added | +50,266 | +$7.93M | 7.5% |
Showing the 10 largest of 33 changes.
quarter ended September 30, 2023 · filed November 02, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Ser Tr | Trimmed | −1,018,021 | −$29.8M | 0.5% |
| IT Ishares Tr | New | +240,879 | +$24.2M | 9.1% |
| SS SPDR Ser Tr | Trimmed | −165,920 | −$15.2M | 9.3% |
| FT First Tr Exchng Traded Fd Vi | New | +323,807 | +$12.6M | 4.8% |
| SS Select Sector SPDR Tr | Exited | −33,699 | −$4.47M | — |
| IU Ishares U S ETF Tr | Added | +82,109 | +$4.1M | 2.1% |
| VW Vanguard World Fds | New | +28,505 | +$3M | 1.1% |
| JD Janus Detroit Str Tr | Trimmed | −48,458 | −$2.44M | 9.9% |
| IT Ishares Tr | Trimmed | −47,858 | −$2.44M | 1.5% |
| SS SPDR Ser Tr | Trimmed | −77,071 | −$2.37M | 11.3% |
Showing the 10 largest of 29 changes.
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