Dentgroup LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $146M
Positions: 93
Quarter ended: December 31, 2025
Filed: January 28, 2026

Reported portfolio value by quarter (17 quarters reported)

$155M $89.8M

Q4 21 Q4 22 Q4 23 Q4 24 Q4 25

$106M in Q4 2021 → $146M now. Hover for any quarter.

Holdings

As reported for the quarter ended December 31, 2025. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
FC Fidelity Covington Trust	7.5%	Trimmed 6.2%	191,403	$10.9M
VI Vanguard Index Fds	5.8%	Trimmed 9.8%	17,229	$8.41M
FM Fidelity Merrimack Str Tr	4.8%	Trimmed 8.7%	152,758	$7.03M
IT Ishares Tr	4.7%	Trimmed 5.9%	103,674	$6.84M
IT Ishares Tr	3.5%	Trimmed 1.1%	49,380	$5.14M
IT Ishares Tr	3.1%	Trimmed 0.3%	6,580	$4.51M
CG Capital Grp Fixed Incm ETF T	2.9%	Trimmed 5.1%	158,371	$4.2M
VI Vanguard Index Fds	2.7%	Trimmed 21%	20,212	$3.86M
IT Ishares Tr	2.6%	Trimmed 16%	55,409	$3.72M
FC Fidelity Covington Trust	2.3%	Trimmed 13%	61,141	$3.35M
IT Ishares Tr	2.0%	Added 3.3%	31,611	$2.98M
IT Ishares Tr	2.0%	Trimmed 1.7%	41,467	$2.96M
IT Ishares Tr	2.0%	Trimmed 2.7%	23,202	$2.86M
IT Ishares Tr	1.9%	Trimmed 15%	5,997	$2.84M
IT Ishares Tr	1.9%	Added 4.9%	13,321	$2.8M
VS Vanguard Specialized Funds	1.8%	Trimmed 29%	12,226	$2.69M
IT Ishares Tr	1.8%	Trimmed 2.5%	55,045	$2.68M
FC Fidelity Covington Trust	1.7%	Added 37%	78,511	$2.41M
IT Ishares Tr	1.5%	Trimmed 7.1%	47,129	$2.19M
FC Fidelity Covington Trust	1.5%	Trimmed 6.8%	43,929	$2.17M
IT Ishares Tr	1.4%	Trimmed 2.4%	20,104	$2.11M
SS SPDR Series Trust	1.4%	Added 4.9%	26,134	$2.1M
SS SPDR S&P 500 ETF Tr	1.4%	Added 2.0%	3,068	$2.09M
IT Ishares Tr	1.3%	Trimmed 2.7%	14,221	$1.95M
VI Vanguard Index Fds	1.2%	Trimmed 18%	5,927	$1.79M
Exxon Mobil Corp	1.2%	Trimmed 1.0%	14,298	$1.72M
IT Ishares Tr	1.1%	Trimmed 1.2%	7,875	$1.67M
VI Vanguard Index Fds	1.1%	Trimmed 44%	4,907	$1.54M
IT Ishares Tr	1.0%	Trimmed 4.1%	30,452	$1.45M
IT Ishares Tr	1.0%	Trimmed 5.2%	15,635	$1.4M
IT Ishares Tr	1.0%	Trimmed 1.2%	60,728	$1.4M
FC Fidelity Comwlth Tr	1.0%	Trimmed 5.8%	15,178	$1.39M
Hancock Whitney Corporation	0.9%	Unchanged	21,176	$1.35M
IT Ishares Tr	0.9%	Unchanged	14,242	$1.34M
VI Vanguard Index Fds	0.9%	Trimmed 3.1%	4,721	$1.32M
BE Blackrock ETF Trust	0.9%	Added 6.7%	21,517	$1.31M
FC Fidelity Covington Trust	0.9%	Trimmed 3.0%	41,795	$1.29M
VI Vanguard Index Fds	0.9%	Trimmed 0.1%	7,221	$1.28M
IT Ishares Tr	0.8%	Unchanged	10,677	$1.21M
FC Fidelity Covington Trust	0.8%	Trimmed 1.2%	46,523	$1.21M
IT Ishares Tr	0.8%	Trimmed 10%	5,801	$1.15M
VW Vanguard World Fd	0.8%	Unchanged	2,901	$1.14M
IT Ishares Tr	0.8%	Trimmed 1.5%	7,834	$1.1M
VI Vanguard Index Fds	0.7%	Unchanged	5,111	$1.08M
VI Vanguard Index Fds	0.7%	Trimmed 47%	3,821	$986K
IT Ishares Tr	0.7%	Trimmed 17%	2,859	$981K
IT Ishares Tr	0.7%	Added 7.0%	9,349	$959K
VI Vanguard Intl Equity Index F	0.6%	Trimmed 2.5%	17,287	$929K
IT Ishares Tr	0.6%	Added 8.2%	7,963	$907K
VT Vanguard Tax-managed Fds	0.6%	Trimmed 18%	13,618	$851K
VI Vanguard Intl Equity Index F	0.6%	Trimmed 24%	11,556	$850K
IE Invesco Exch Traded Fd Tr Ii	0.6%	Trimmed 0.0%	23,723	$834K
VW Vanguard World Fd	0.6%	Trimmed 3.6%	2,862	$824K
AC American Centy ETF Tr	0.5%	Added 0.2%	10,335	$796K
DE Dimensional ETF Trust	0.5%	Added 15%	18,162	$773K
IT Ishares Tr	0.5%	Trimmed 40%	11,381	$741K
IT Ishares Tr	0.5%	Trimmed 3.4%	6,695	$669K
IT Ishares Tr	0.4%	Added 6.3%	67,909	$628K
VW Vanguard World Fd	0.4%	Trimmed 0.1%	2,993	$621K
IT Ishares Tr	0.4%	Trimmed 4.2%	8,900	$611K

Showing top 60 of 93 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q4 2025

quarter ended December 31, 2025 · filed January 28, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Trimmed	−3,798	−$1.2M	1.1%
VS Vanguard Specialized Funds	Trimmed	−4,985	−$1.1M	1.8%
VI Vanguard Index Fds	Trimmed	−5,288	−$1.01M	2.7%
VI Vanguard Index Fds	Trimmed	−1,882	−$918K	5.8%
VI Vanguard Index Fds	Trimmed	−3,358	−$866K	0.7%
FC Fidelity Covington Trust	Trimmed	−12,722	−$721K	7.5%
IT Ishares Tr	Trimmed	−10,281	−$690K	2.6%
FM Fidelity Merrimack Str Tr	Trimmed	−14,568	−$671K	4.8%
FC Fidelity Covington Trust	Added	+21,218	+$651K	1.7%
IT Ishares Tr	Trimmed	−1,064	−$504K	1.9%

Showing the 10 largest of 83 changes.

Q3 2025

quarter ended September 30, 2025 · filed October 03, 2025

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Trimmed	−63,052	−$4.11M	4.6%
FC Fidelity Covington Trust	Added	+53,547	+$2.98M	7.4%
IT Ishares Tr	Trimmed	−47,015	−$2.3M	1.8%
IT Ishares Tr	New	+61,484	+$1.42M	0.9%
CG Capital Grp Fixed Incm ETF T	Trimmed	−47,359	−$1.26M	2.9%
IT Ishares Tr	Added	+11,701	+$1.22M	3.4%
IT Ishares Tr	New	+7,951	+$1.11M	0.7%
FC Fidelity Covington Trust	Added	+26,543	+$775K	1.1%
I Ishares Inc	Trimmed	−13,462	−$762K	0.2%
DE Dimensional ETF Trust	New	+15,791	+$675K	0.4%

Showing the 10 largest of 84 changes.

Q2 2025

quarter ended June 30, 2025 · filed July 02, 2025

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Exited	−99,727	−$2.29M	—
FC Fidelity Covington Trust	Added	+41,864	+$2.02M	2.3%
I Ishares Inc	New	+20,260	+$1.05M	0.7%
IT Ishares Tr	Trimmed	−14,009	−$854K	2.9%
IT Ishares Tr	Added	+13,360	+$829K	7.5%
SS SPDR S&P 500 ETF Tr	Added	+1,314	+$812K	1.2%
IT Ishares Tr	Trimmed	−1,294	−$803K	2.8%
IT Ishares Tr	Added	+3,444	+$673K	1.1%
IT Ishares Tr	Added	+1,568	+$666K	2.1%
IT Ishares Tr	New	+6,707	+$665K	0.5%

Showing the 10 largest of 88 changes.

Q1 2025

quarter ended March 31, 2025 · filed April 14, 2025

Company	Action	Shares changed	Value of change	% of portfolio
CG Capital Grp Fixed Incm ETF T	Added	+77,716	+$2.04M	3.9%
IT Ishares Tr	New	+10,503	+$1.98M	1.5%
IT Ishares Tr	Added	+4,836	+$1.75M	1.5%
FM Fidelity Merrimack Str Tr	Trimmed	−37,117	−$1.69M	5.1%
IT Ishares Tr	Added	+31,905	+$1.54M	3.9%
FC Fidelity Covington Trust	Added	+20,908	+$1M	1.7%
FC Fidelity Covington Trust	Trimmed	−18,347	−$910K	5.6%
IT Ishares Tr	Trimmed	−10,901	−$825K	1.0%
IT Ishares Tr	Trimmed	−33,299	−$765K	1.7%
IT Ishares Tr	Added	+11,156	+$651K	7.0%

Showing the 10 largest of 74 changes.

Q4 2024

quarter ended December 31, 2024 · filed January 03, 2025

Company	Action	Shares changed	Value of change	% of portfolio
CG Capital Grp Fixed Incm ETF T	Added	+107,237	+$2.77M	2.4%
IT Ishares Tr	Trimmed	−118,088	−$2.71M	2.3%
IT Ishares Tr	Trimmed	−6,052	−$2.43M	0.3%
FC Fidelity Covington Trust	Added	+41,974	+$2.1M	6.5%
FM Fidelity Merrimack Str Tr	Trimmed	−44,466	−$2M	6.4%
SS SPDR Ser Tr	Trimmed	−20,946	−$1.44M	1.7%
IT Ishares Tr	Added	+19,258	+$1.2M	7.1%
IT Ishares Tr	Trimmed	−20,083	−$1.05M	3.6%
IT Ishares Tr	Added	+19,084	+$863K	1.5%
IT Ishares Tr	Trimmed	−6,468	−$820K	1.8%

Showing the 10 largest of 75 changes.

Q3 2024

quarter ended September 30, 2024 · filed October 02, 2024

Company	Action	Shares changed	Value of change	% of portfolio
SS SPDR Ser Tr	Exited	−233,339	−$6.54M	—
FC Fidelity Covington Trust	New	+127,599	+$6.46M	4.8%
IT Ishares Tr	New	+251,114	+$5.89M	4.4%
FM Fidelity Merrimack Str Tr	Added	+117,086	+$5.47M	8.1%
IT Ishares Tr	Exited	−47,868	−$4.65M	—
IT Ishares Tr	Trimmed	−19,108	−$3.77M	0.6%
SS SPDR Ser Tr	Trimmed	−33,717	−$2.28M	2.7%
IT Ishares Tr	Added	+34,320	+$2.14M	6.0%
IT Ishares Tr	Added	+36,927	+$1.8M	2.3%
IT Ishares Tr	Trimmed	−3,762	−$1.41M	1.9%

Showing the 10 largest of 85 changes.

Q2 2024

quarter ended June 30, 2024 · filed July 08, 2024

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	New	+95,121	+$5.57M	4.5%
FM Fidelity Merrimack Str Tr	New	+114,136	+$5.13M	4.1%
IT Ishares Tr	Trimmed	−40,027	−$3.89M	3.7%
SS SPDR Ser Tr	Trimmed	−55,753	−$3.57M	4.5%
IT Ishares Tr	Added	+18,723	+$3.41M	3.4%
FC Fidelity Covington Trust	New	+52,772	+$1.35M	1.1%
IT Ishares Tr	Trimmed	−3,405	−$1.24M	3.1%
IT Ishares Tr	New	+25,863	+$1.23M	1.0%
IT Ishares Tr	Trimmed	−20,806	−$1.11M	4.7%
FC Fidelity Covington Trust	New	+35,466	+$894K	0.7%

Showing the 10 largest of 86 changes.

Q1 2024

quarter ended March 31, 2024 · filed April 03, 2024

Company	Action	Shares changed	Value of change	% of portfolio
IT Ishares Tr	Added	+13,789	+$1.35M	7.1%
BE Blackrock ETF Trust	New	+28,734	+$1.28M	1.1%
IT Ishares Tr	Added	+16,486	+$1.02M	1.1%
IT Ishares Tr	Trimmed	−1,767	−$929K	3.5%
IT Ishares Tr	New	+4,472	+$835K	0.7%
GA Gallagher Arthur J & Co	Exited	−3,218	−$724K	—
IT Ishares Tr	Added	+8,512	+$719K	2.0%
IT Ishares Tr	Added	+14,997	+$684K	1.2%
SS SPDR Ser Tr	Trimmed	−8,036	−$494K	7.3%
IT Ishares Tr	Trimmed	−1,989	−$492K	0.5%

Showing the 10 largest of 76 changes.

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