Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (41 quarters reported)
$139M in Q3 2016 → $2.73B now. Hover for any quarter.
As reported for the quarter ended September 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 | 11.2% | Added 6.9% | 4,986,061 | $305M |
| IT Ishares Tr | 10.3% | Added 5.9% | 2,893,439 | $280M |
| SS SPDR Series Trust | 10.1% | Added 3.5% | 2,246,720 | $277M |
| IT Ishares Tr | 7.8% | Trimmed 1.4% | 961,819 | $214M |
| I Ishares Inc | 6.3% | Added 3.3% | 2,117,420 | $172M |
| IT Ishares Tr | 3.3% | Trimmed 4.1% | 1,263,080 | $90.9M |
| VT Vanguard Tax-managed Fds | 3.1% | Added 0.0% | 1,185,281 | $83.7M |
| VI Vanguard Index Fds | 2.4% | Trimmed 0.0% | 735,067 | $66.2M |
| IT Ishares Tr | 2.4% | Added 0.5% | 481,313 | $65.5M |
| VI Vanguard Index Fds | 2.0% | Trimmed 4.8% | 704,890 | $55.3M |
| IT Ishares Tr | 1.8% | Trimmed 0.1% | 351,816 | $50M |
| IT Ishares Tr | 1.7% | Added 6.5% | 2,049,615 | $46.9M |
| VS Vanguard Specialized Funds | 1.6% | Trimmed 0.7% | 187,148 | $43.7M |
| VI Vanguard Index Fds | 1.6% | Added 1.3% | 116,028 | $43.4M |
| IQ Invesco Qqq Tr | 1.6% | Trimmed 0.0% | 58,130 | $43M |
| Apple Inc | 1.4% | Added 1.2% | 113,294 | $37.7M |
| VI Vanguard Index Fds | 1.4% | Trimmed 3.9% | 130,163 | $37M |
| IT Ishares Tr | 1.3% | Added 13% | 1,625,542 | $36.3M |
| VS Vanguard Star Fds | 1.3% | Trimmed 1.2% | 417,921 | $35.5M |
| VA Vanguard Admiral Fds Inc | 1.1% | Trimmed 0.2% | 364,224 | $31.1M |
| SS State Str SPDR S&P 500 ETF T | 1.1% | Trimmed 2.6% | 40,413 | $30.8M |
| Rtx Corporation | 1.0% | Trimmed 0.7% | 149,234 | $27.7M |
| WT Wisdomtree Tr | 0.9% | Trimmed 0.3% | 266,052 | $24.9M |
| Microsoft Corp | 0.9% | Trimmed 3.4% | 45,497 | $23.3M |
| VS Vanguard Scottsdale Fds | 0.7% | Added 11% | 412,798 | $18.3M |
| Nvidia Corporation | 0.6% | Trimmed 7.8% | 77,549 | $17.7M |
| VI Vanguard Index Fds | 0.6% | Added 1.1% | 23,324 | $16.3M |
| IT Ishares Tr | 0.6% | Trimmed 10.0% | 243,852 | $15.3M |
| IT Ishares Tr | 0.5% | Unchanged | 100,892 | $13.9M |
| IT Ishares Tr | 0.5% | Trimmed 0.4% | 104,651 | $13.1M |
| IT Ishares Tr | 0.5% | Trimmed 1.1% | 16,483 | $12.6M |
| Alphabet Inc | 0.4% | Trimmed 4.4% | 35,823 | $12.2M |
| VI Vanguard Index Fds | 0.4% | Added 1.0% | 53,977 | $11.7M |
| Alphabet Inc | 0.4% | Trimmed 7.0% | 28,456 | $9.79M |
| VI Vanguard Index Fds | 0.3% | Trimmed 1.1% | 32,396 | $9.46M |
| VA Vanguard Admiral Fds Inc | 0.3% | Trimmed 0.0% | 41,076 | $9.05M |
| Jpmorgan Chase & Co | 0.3% | Trimmed 0.0% | 27,242 | $9.01M |
| IE Invesco Exchange Traded Fd T | 0.3% | Trimmed 3.8% | 42,399 | $8.82M |
| Amazon Com Inc | 0.3% | Trimmed 2.0% | 33,756 | $8.41M |
| BH Berkshire Hathaway Inc Del | 0.3% | Trimmed 0.6% | 16,793 | $8.36M |
| IT Ishares Tr | 0.3% | Trimmed 0.0% | 101,045 | $7.62M |
| Broadcom Inc | 0.3% | Trimmed 1.7% | 20,391 | $7.16M |
| VW Vanguard World Fd | 0.3% | Trimmed 3.2% | 55,175 | $6.93M |
| IT Ishares Tr | 0.3% | Unchanged | 65,790 | $6.83M |
| VI Vanguard Index Fds | 0.2% | Trimmed 6.8% | 75,622 | $6.78M |
| IT Ishares Tr | 0.2% | Trimmed 15% | 66,511 | $6.72M |
| Costco Wholesale Corporation | 0.2% | Trimmed 0.3% | 7,183 | $6.54M |
| PE Pimco ETF Tr | 0.2% | Added 20% | 73,538 | $6.4M |
| Visa Inc | 0.2% | Trimmed 1.3% | 17,609 | $6.33M |
| Otis Worldwide Corp | 0.2% | Trimmed 0.3% | 94,373 | $6.07M |
| Teradyne Inc | 0.2% | Added 0.1% | 15,055 | $6.04M |
| Altria Group Inc | 0.2% | Added 14% | 86,257 | $5.81M |
| Carrier Global Corporation | 0.2% | Trimmed 0.5% | 104,342 | $5.72M |
| IT Ishares Tr | 0.2% | Added 3.6% | 50,513 | $5.21M |
| IT Ishares Tr | 0.2% | Added 3.8% | 62,171 | $5.05M |
| AC Arch Cap Group Ltd | 0.2% | Trimmed 6.4% | 53,234 | $4.92M |
| IT Ishares Tr | 0.2% | Unchanged | 17,688 | $4.69M |
| Johnson & Johnson | 0.2% | Added 5.4% | 17,432 | $4.61M |
| IT Ishares Tr | 0.2% | Unchanged | 31,091 | $4.48M |
| EL Eli Lilly & Co | 0.2% | Trimmed 2.7% | 3,824 | $4.42M |
Showing top 60 of 338 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Added | +320,122 | +$19.6M | 11.2% |
| IT Ishares Tr | Added | +162,287 | +$15.7M | 10.3% |
| SS SPDR Series Trust | Added | +76,581 | +$9.43M | 10.1% |
| I Ishares Inc | Added | +67,927 | +$5.51M | 6.3% |
| IT Ishares Tr | Added | +191,569 | +$4.28M | 1.3% |
| IT Ishares Tr | Trimmed | −54,375 | −$3.91M | 3.3% |
| AI American Intl Group Inc | Trimmed | −51,850 | −$3.86M | — |
| Exxonmobil Holdings Corp | New | +23,174 | +$3.77M | 0.1% |
| Exxon Mobil Corp | Exited | −23,117 | −$3.16M | — |
| IT Ishares Tr | Trimmed | −13,279 | −$2.95M | 7.8% |
Showing the 10 largest of 271 changes.
quarter ended June 30, 2026 · filed July 29, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +609,606 | +$52.5M | 2.3% |
| VI Vanguard Index Fds | Added | +547,852 | +$44.1M | 2.2% |
| VA Vanguard Admiral Fds Inc | Added | +303,893 | +$25.1M | 1.1% |
| SS SPDR Series Trust | Added | +371,293 | +$22.6M | 10.5% |
| IT Ishares Tr | Added | +159,864 | +$15.4M | 9.8% |
| IT Ishares Tr | Trimmed | −125,059 | −$9.64M | 3.8% |
| IT Ishares Tr | Added | +76,027 | +$9.44M | 0.5% |
| SS SPDR Series Trust | Added | +57,996 | +$6.9M | 9.5% |
| VW Vanguard World Fd | Added | +49,267 | +$5.89M | 0.3% |
| Altria Group Inc | Added | +72,758 | +$5.23M | 0.2% |
Showing the 10 largest of 289 changes.
quarter ended March 31, 2026 · filed May 01, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Ishares Inc | Added | +1,290,206 | +$90M | 6.0% |
| SS SPDR Series Trust | Added | +640,278 | +$36.2M | 10.2% |
| IT Ishares Tr | Trimmed | −398,147 | −$26.9M | 4.1% |
| IT Ishares Tr | Added | +1,030,037 | +$23.1M | 1.2% |
| IT Ishares Tr | Added | +235,054 | +$21.3M | 9.8% |
| SS SPDR Series Trust | Added | +170,020 | +$16.6M | 8.7% |
| IT Ishares Tr | Added | +472,331 | +$10.8M | 1.7% |
| IT Ishares Tr | Trimmed | −37,897 | −$7.27M | 7.9% |
| VI Vanguard Index Fds | Trimmed | −19,230 | −$5.52M | 2.3% |
| IT Ishares Tr | Trimmed | −86,847 | −$5.37M | 0.8% |
Showing the 10 largest of 290 changes.
quarter ended December 31, 2025 · filed February 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Exited | −1,317,353 | −$30.8M | — |
| IT Ishares Tr | Added | +171,185 | +$15.3M | 9.1% |
| VI Vanguard Index Fds | Added | +44,009 | +$14.8M | 1.7% |
| SS SPDR Series Trust | Added | +200,519 | +$11.4M | 9.0% |
| Rtx Corporation | Trimmed | −48,130 | −$8.83M | 1.3% |
| IT Ishares Tr | Trimmed | −61,244 | −$7.36M | 2.8% |
| SS SPDR Series Trust | Added | +67,062 | +$7.16M | 9.0% |
| IT Ishares Tr | Added | +287,897 | +$6.59M | 1.3% |
| IT Ishares Tr | New | +43,309 | +$4.65M | 0.2% |
| IT Ishares Tr | Added | +200,095 | +$4.5M | 0.2% |
Showing the 10 largest of 238 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −210,119 | −$25M | 3.2% |
| SS SPDR Series Trust | Added | +402,517 | +$22.3M | 8.5% |
| IT Ishares Tr | Added | +253,420 | +$22.1M | 8.4% |
| IT Ishares Tr | Trimmed | −250,315 | −$16.3M | 5.5% |
| SS SPDR Series Trust | Added | +151,459 | +$15.8M | 8.7% |
| IT Ishares Tr | Added | +204,290 | +$4.69M | 1.1% |
| VI Vanguard Index Fds | Trimmed | −17,323 | −$4.4M | 1.8% |
| IT Ishares Tr | Trimmed | −70,201 | −$4.33M | 1.1% |
| IT Ishares Tr | Added | +136,887 | +$3.2M | 1.4% |
| VI Vanguard Index Fds | Trimmed | −10,661 | −$3.13M | 2.8% |
Showing the 10 largest of 267 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −177,010 | −$19.3M | 4.2% |
| SS SPDR Series Trust | Added | +313,144 | +$16.4M | 7.6% |
| SS SPDR Series Trust | Added | +151,693 | +$14.5M | 7.8% |
| IT Ishares Tr | Added | +137,188 | +$11.5M | 7.6% |
| I Ishares Inc | Added | +168,627 | +$10.1M | 2.1% |
| IT Ishares Tr | Added | +427,103 | +$9.79M | 0.9% |
| IT Ishares Tr | Trimmed | −39,345 | −$7.19M | 9.2% |
| VI Vanguard Index Fds | Added | +25,111 | +$7.03M | 3.1% |
| IT Ishares Tr | Trimmed | −104,628 | −$6.49M | 6.3% |
| VI Vanguard Index Fds | Added | +26,974 | +$6.39M | 2.0% |
Showing the 10 largest of 252 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Ser Tr | Trimmed | −2,638,557 | −$212M | 6.6% |
| VI Vanguard Index Fds | Trimmed | −734,110 | −$180M | 0.5% |
| SS SPDR Ser Tr | New | +2,738,188 | +$140M | 7.3% |
| IT Ishares Tr | Trimmed | −500,371 | −$85.5M | 9.8% |
| VI Vanguard Index Fds | New | +203,799 | +$52.7M | 2.8% |
| VI Vanguard Index Fds | New | +118,122 | +$43.8M | 2.3% |
| VS Vanguard Scottsdale Fds | Trimmed | −609,501 | −$35.8M | — |
| VI Vanguard Index Fds | New | +146,304 | +$32.4M | 1.7% |
| VA Vanguard Admiral Fds Inc | New | +65,759 | +$22M | 1.2% |
| VI Vanguard Index Fds | New | +78,043 | +$21.4M | 1.1% |
Showing the 10 largest of 277 changes.
quarter ended December 31, 2024 · filed February 18, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +733,309 | +$190M | 9.8% |
| SS SPDR Ser Tr | Added | +2,782,724 | +$181M | 13.5% |
| SS SPDR Ser Tr | Exited | −2,526,058 | −$134M | — |
| VI Vanguard Index Fds | Exited | −202,256 | −$53.4M | — |
| VI Vanguard Index Fds | Exited | −115,472 | −$44.3M | — |
| VI Vanguard Index Fds | Exited | −142,461 | −$33.8M | — |
| VS Vanguard Scottsdale Fds | Added | +608,656 | +$32.4M | 1.6% |
| VA Vanguard Admiral Fds Inc | Exited | −67,176 | −$23.2M | — |
| VI Vanguard Index Fds | Exited | −80,591 | −$22.8M | — |
| IT Ishares Tr | Exited | −905,926 | −$21.7M | — |
Showing the 10 largest of 292 changes.
Loading...
