Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (15 quarters reported)
$57.9M in Q4 2017 → $13.5B 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 |
|---|---|---|---|---|
| IT Ishares Tr | 6.8% | Added 2.6% | 1,224,077 | $917M |
| BE Blackrock ETF Trust | 5.9% | Added 5.6% | 11,684,774 | $795M |
| BE Blackrock ETF Trust | 5.5% | Trimmed 28% | 14,150,853 | $746M |
| JP J P Morgan Exchange Traded F | 5.3% | Added 10% | 9,053,209 | $719M |
| BE Blackrock ETF Trust Ii | 5.1% | Added 9.1% | 13,122,011 | $687M |
| TE Tcw ETF Trust | 5.0% | Trimmed 16% | 5,522,892 | $679M |
| IT Ishares Tr | 4.5% | Added 6.5% | 6,325,648 | $611M |
| FM Fidelity Merrimack Str Tr | 3.7% | Added 7.4% | 10,970,047 | $499M |
| SS SPDR Series Trust | 3.4% | Trimmed 0.1% | 3,811,664 | $454M |
| AA Ab Active Etfs Inc | 3.3% | Added 4.4% | 8,625,402 | $451M |
| FC Fidelity Covington Trust | 3.3% | Trimmed 1.8% | 7,054,864 | $438M |
| IT Ishares Tr | 2.7% | Added 1.0% | 2,955,926 | $367M |
| AF Abacus Fcf ETF Tr | 2.7% | Added 1.1% | 4,245,193 | $364M |
| IT Ishares Tr | 2.7% | Added 33% | 4,699,261 | $360M |
| IT Ishares Tr | 2.6% | Added 42212% | 838,203 | $343M |
| IT Ishares Tr | 2.1% | Added 5.8% | 2,900,060 | $287M |
| I Ishares Inc | 2.0% | Added 22% | 3,168,542 | $262M |
| SS SPDR Series Trust | 1.8% | Added 2.8% | 4,083,530 | $248M |
| BE Blackrock ETF Trust Ii | 1.8% | Added 21% | 4,858,060 | $244M |
| JP J P Morgan Exchange Traded F | 1.8% | Added 13% | 5,018,565 | $236M |
| IT Ishares Tr | 1.5% | Added 12% | 2,050,071 | $206M |
| IT Ishares Tr | 1.3% | Added 20% | 7,932,000 | $181M |
| IT Ishares Tr | 1.3% | Added 10% | 725,606 | $176M |
| IT Ishares Tr | 1.3% | Added 4.2% | 1,833,567 | $173M |
| IT Ishares Tr | 1.2% | Added 2.6% | 3,562,756 | $167M |
| IT Ishares Tr | 1.1% | Added 16% | 1,257,130 | $148M |
| IT Ishares Tr | 1.0% | Trimmed 29% | 1,545,194 | $140M |
| JP J P Morgan Exchange Traded F | 1.0% | Added 10% | 1,606,508 | $133M |
| IT Ishares Tr | 0.9% | Trimmed 18% | 1,740,483 | $126M |
| SG SPDR Gold Tr | 0.9% | Added 14% | 327,060 | $120M |
| I Ishares Inc | 0.9% | Added 0.5% | 1,597,684 | $117M |
| IT Ishares Tr | 0.8% | Added 0.6% | 1,479,137 | $114M |
| FC Fidelity Covington Trust | 0.8% | Added 9.5% | 1,888,109 | $114M |
| IT Ishares Tr | 0.7% | Added 3.7% | 1,329,183 | $101M |
| BE Blackrock ETF Trust Ii | 0.7% | Added 19% | 3,921,776 | $95.1M |
| FC Fidelity Covington Trust | 0.6% | Trimmed 0.2% | 1,806,141 | $87.2M |
| IT Ishares Tr | 0.6% | Added 11% | 348,483 | $84.5M |
| SS Select Sector SPDR Tr | 0.6% | Added 1.9% | 1,431,665 | $76.8M |
| SS SPDR S&P 500 ETF Tr | 0.6% | Added 1.2% | 102,619 | $76.6M |
| IG Ishares Gold Tr | 0.6% | Added 0.2% | 1,013,648 | $76.5M |
| IT Ishares Tr | 0.6% | Trimmed 15% | 300,880 | $75.9M |
| IT Ishares Tr | 0.5% | Added 2.2% | 664,407 | $67.9M |
| JP J P Morgan Exchange Traded F | 0.4% | Added 44% | 1,146,449 | $58.1M |
| IT Ishares Tr | 0.4% | Trimmed 1.7% | 517,550 | $55.7M |
| IT Ishares Tr | 0.4% | Added 3.9% | 503,950 | $55.1M |
| IT Ishares Tr | 0.4% | Added 1.4% | 366,195 | $50.4M |
| JP J P Morgan Exchange Traded F | 0.3% | Added 12% | 755,090 | $40.4M |
| IT Ishares Tr | 0.3% | Added 3.8% | 368,411 | $38.3M |
| IE Invesco Exchange Traded Fd T | 0.3% | Added 0.4% | 177,799 | $37.8M |
| IT Ishares Tr | 0.2% | Trimmed 4.0% | 147,265 | $32.3M |
| Nvidia Corporation | 0.2% | Trimmed 11% | 144,955 | $29M |
| PE Pimco ETF Tr | 0.2% | Trimmed 7.7% | 546,689 | $28.8M |
| JP J P Morgan Exchange Traded F | 0.2% | Added 23% | 452,116 | $23.1M |
| Apple Inc | 0.2% | Trimmed 9.1% | 78,794 | $22.8M |
| IT Ishares Tr | 0.1% | Trimmed 6.0% | 199,658 | $19.3M |
| Micron Technology Inc | 0.1% | Trimmed 6.5% | 15,814 | $18.3M |
| IT Ishares Tr | 0.1% | Added 7.2% | 189,668 | $18.1M |
| Alphabet Inc | 0.1% | Trimmed 13% | 49,676 | $17.8M |
| IE Invesco Exch Traded Fd Tr Ii | 0.1% | Trimmed 30% | 225,564 | $16.9M |
| IT Ishares Tr | 0.1% | Added 108% | 168,401 | $15.9M |
Showing top 60 of 367 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 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +836,222 | +$342M | 2.6% |
| BE Blackrock ETF Trust | Trimmed | −5,500,264 | −$290M | 5.5% |
| TE Tcw ETF Trust | Trimmed | −1,047,421 | −$129M | 5.0% |
| IT Ishares Tr | Added | +1,177,014 | +$90.1M | 2.7% |
| JP J P Morgan Exchange Traded F | Added | +855,433 | +$67.9M | 5.3% |
| AF Abacus Fcf ETF Tr | Trimmed | −2,251,092 | −$67.7M | — |
| BE Blackrock ETF Trust Ii | Added | +1,096,348 | +$57.4M | 5.1% |
| IT Ishares Tr | Trimmed | −633,877 | −$57.3M | 1.0% |
| I Ishares Inc | Added | +572,243 | +$47.4M | 2.0% |
| BE Blackrock ETF Trust | Added | +623,047 | +$42.4M | 5.9% |
Showing the 10 largest of 405 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AA Ab Active Etfs Inc | New | +8,258,081 | +$362M | 3.2% |
| I Ishares Inc | Trimmed | −4,143,961 | −$289M | 1.6% |
| AF Abacus Fcf ETF Tr | Trimmed | −4,020,237 | −$286M | 2.6% |
| BE Blackrock ETF Trust | Added | +7,711,113 | +$254M | 5.6% |
| JP J P Morgan Exchange Traded F | Added | +3,421,308 | +$245M | 5.1% |
| IT Ishares Tr | Added | +2,267,871 | +$242M | 2.7% |
| IT Ishares Tr | Exited | −1,762,552 | −$227M | — |
| IT Ishares Tr | Added | +2,638,485 | +$196M | 2.3% |
| BE Blackrock ETF Trust Ii | Added | +3,032,945 | +$158M | 5.4% |
| IT Ishares Tr | New | +2,128,826 | +$149M | 1.3% |
Showing the 10 largest of 389 changes.
quarter ended December 31, 2025 · filed February 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BE Blackrock ETF Trust | New | +11,940,004 | +$398M | 3.9% |
| IT Ishares Tr | Added | +622,083 | +$294M | 3.1% |
| TE Tcw ETF Trust | Added | +2,061,596 | +$198M | 5.0% |
| BE Blackrock ETF Trust | Added | +3,251,148 | +$198M | 5.7% |
| IT Ishares Tr | Added | +1,489,376 | +$192M | 2.2% |
| JP J P Morgan Exchange Traded F | New | +3,724,827 | +$176M | 1.7% |
| I Ishares Inc | Added | +2,555,569 | +$172M | 4.4% |
| IT Ishares Tr | Added | +1,603,297 | +$143M | 4.6% |
| BE Blackrock ETF Trust Ii | Added | +2,616,782 | +$138M | 4.7% |
| SG SPDR Gold Tr | New | +273,322 | +$108M | 1.1% |
Showing the 10 largest of 356 changes.
quarter ended September 30, 2025 · filed October 29, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +168,314 | +$113M | 8.1% |
| AF Abacus Fcf ETF Tr | Added | +1,337,607 | +$96.3M | 7.7% |
| BE Blackrock ETF Trust | Added | +1,489,446 | +$88.2M | 5.0% |
| TE Tcw ETF Trust | Added | +878,559 | +$85.8M | 4.2% |
| FC Fidelity Covington Trust | Added | +1,503,658 | +$80.7M | 5.0% |
| SS SPDR Series Trust | Added | +577,907 | +$60.4M | 5.1% |
| IT Ishares Tr | Trimmed | −181,181 | −$60.3M | 0.2% |
| JP J P Morgan Exchange Traded F | Added | +778,258 | +$53.7M | 3.5% |
| I Ishares Inc | New | +515,260 | +$53.1M | 0.7% |
| IT Ishares Tr | Added | +574,082 | +$50.1M | 4.2% |
Showing the 10 largest of 355 changes.
quarter ended June 30, 2025 · filed August 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Applovin Corp | Trimmed | −2,701,038 | −$946M | — |
| TE Tcw ETF Trust | Trimmed | −1,838,084 | −$127M | 2.8% |
| AF Abacus Fcf ETF Tr | Trimmed | −2,580,441 | −$80.1M | 0.1% |
| SS SPDR Series Trust | Trimmed | −660,964 | −$63M | 5.0% |
| IE Invesco Exchange Traded Fd T | Trimmed | −321,460 | −$58.4M | 0.6% |
| IT Ishares Tr | Trimmed | −92,503 | −$57.4M | 7.8% |
| FC Fidelity Covington Trust | Trimmed | −1,172,370 | −$56.6M | 4.5% |
| IT Ishares Tr | Trimmed | −257,503 | −$44.6M | 3.1% |
| IT Ishares Tr | Added | +461,892 | +$41.3M | 0.7% |
| IE Invesco Exch Traded Fd Tr Ii | Added | +452,526 | +$33M | 0.6% |
Showing the 10 largest of 258 changes.
quarter ended March 31, 2025 · filed May 02, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| JP J P Morgan Exchange Traded F | New | +3,095,605 | +$197M | 3.3% |
| FM Fidelity Merrimack Str Tr | Added | +3,029,917 | +$138M | 4.5% |
| FC Fidelity Covington Trust | Trimmed | −2,036,101 | −$121M | — |
| SS Select Sector SPDR Tr | New | +1,614,432 | +$80.4M | 1.3% |
| I Ishares Inc | Trimmed | −1,424,842 | −$78.5M | — |
| TT Tcw Transform ETF Trust | Added | +1,538,002 | +$78.4M | 3.6% |
| JP J P Morgan Exchange Traded F | New | +1,180,260 | +$75.2M | 1.3% |
| I Ishares Inc | Added | +1,304,794 | +$70.4M | 3.5% |
| IT Ishares Tr | Added | +241,879 | +$65.5M | 1.2% |
| SS Select Sector SPDR Tr | Trimmed | −656,969 | −$61.4M | — |
Showing the 10 largest of 268 changes.
quarter ended December 31, 2024 · filed February 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BE Blackrock ETF Trust Ii | New | +6,362,441 | +$331M | 5.7% |
| SS SPDR Ser Tr | New | +3,542,609 | +$311M | 5.4% |
| FC Fidelity Covington Trust | New | +5,580,016 | +$258M | 4.5% |
| BE Blackrock ETF Trust | New | +4,778,447 | +$245M | 4.2% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −400,837 | −$235M | 1.2% |
| TE Trimtabs ETF Tr | Added | +2,927,481 | +$195M | 8.1% |
| IT Ishares Tr | New | +4,461,629 | +$155M | 2.7% |
| IT Ishares Tr | Exited | −4,354,688 | −$154M | — |
| TT Tcw Transform ETF Trust | Added | +1,932,424 | +$140M | 3.3% |
| I Ishares Inc | Added | +2,503,013 | +$131M | 2.3% |
Showing the 10 largest of 275 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FC Fidelity Covington Trust | Added | +3,532,799 | +$293M | 9.0% |
| SS SPDR Ser Tr | Exited | −3,478,989 | −$279M | — |
| BE Blackrock ETF Trust Ii | Exited | −3,458,017 | −$181M | — |
| IT Ishares Tr | New | +4,354,688 | +$154M | 4.7% |
| IT Ishares Tr | Exited | −4,256,358 | −$151M | — |
| SS SPDR Ser Tr | Trimmed | −1,345,543 | −$129M | 5.6% |
| SS SPDR S&P 500 ETF Tr | Added | +395,051 | +$88.2M | 3.5% |
| IT Ishares Tr | Added | +1,572,234 | +$84.2M | 6.0% |
| IT Ishares Tr | Exited | −1,413,299 | −$72.4M | — |
| IT Ishares Tr | Added | +581,019 | +$58.8M | 9.1% |
Showing the 10 largest of 269 changes.
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