Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (12 quarters reported)
$2.41B in Q4 2023 → $2.9B 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 |
|---|---|---|---|---|
| IT Ishares Tr | 15.4% | Trimmed 2.5% | 3,567,446 | $447M |
| IT Ishares Tr | 14.3% | Trimmed 2.5% | 1,671,977 | $415M |
| SS SPDR Series Trust | 9.7% | Trimmed 1.6% | 9,867,516 | $283M |
| SS SPDR Series Trust | 5.4% | Trimmed 2.1% | 5,725,307 | $156M |
| SS SPDR Series Trust | 4.5% | Trimmed 2.3% | 5,486,501 | $131M |
| SG SPDR Gold Tr | 2.7% | Added 40% | 205,690 | $78.3M |
| SS Select Sector SPDR Tr | 2.3% | Trimmed 2.7% | 1,698,807 | $67M |
| IT Ishares Tr | 2.3% | Trimmed 3.3% | 235,604 | $65.5M |
| IT Ishares Tr | 2.2% | Trimmed 2.1% | 2,882,542 | $64.3M |
| VE Vaneck ETF Trust | 2.1% | Added 44% | 695,510 | $61.1M |
| SI SPDR Index Shs Fds | 2.0% | Trimmed 2.3% | 1,416,907 | $57.3M |
| VS Vanguard Specialized Funds | 1.9% | Trimmed 3.1% | 231,567 | $54M |
| IT Ishares Tr | 1.8% | Trimmed 2.6% | 2,303,753 | $53M |
| Apple Inc | 1.6% | Added 13% | 141,409 | $47.1M |
| SS SPDR Series Trust | 1.6% | Trimmed 2.3% | 1,578,570 | $45.5M |
| IT Ishares Tr | 1.3% | Trimmed 2.9% | 238,962 | $38.4M |
| Microsoft Corp | 1.2% | Trimmed 3.1% | 66,576 | $34.1M |
| Amazon Com Inc | 1.2% | Added 21% | 136,350 | $34M |
| Alphabet Inc | 1.1% | Trimmed 2.8% | 95,620 | $32.9M |
| VS Vanguard Scottsdale Fds | 1.1% | Trimmed 2.5% | 541,354 | $30.7M |
| Nvidia Corporation | 1.1% | Trimmed 2.9% | 133,830 | $30.6M |
| VI Vanguard Intl Equity Index F | 1.0% | Trimmed 2.1% | 484,887 | $28.8M |
| Broadcom Inc | 0.9% | Trimmed 3.1% | 72,945 | $25.6M |
| Micron Technology Inc | 0.7% | Trimmed 2.2% | 18,520 | $19.7M |
| EL Eli Lilly & Co | 0.6% | Trimmed 2.8% | 14,134 | $16.4M |
| Jpmorgan Chase & Co | 0.6% | Trimmed 2.5% | 48,974 | $16.2M |
| Johnson & Johnson | 0.5% | Trimmed 2.2% | 51,515 | $13.6M |
| IT Ishares Tr | 0.5% | Trimmed 4.0% | 129,678 | $13.5M |
| IS Ishares Silver Tr | 0.4% | Trimmed 2.7% | 221,060 | $12M |
| BO Bank Of Amer Corp | 0.4% | Trimmed 2.6% | 220,588 | $12M |
| Meta Platforms Inc | 0.4% | Trimmed 3.2% | 16,220 | $11.8M |
| Corning Inc | 0.4% | Trimmed 20% | 74,872 | $11.5M |
| IT Ishares Tr | 0.4% | Trimmed 7.5% | 171,765 | $11.5M |
| Exxonmobil Holdings Corp | 0.4% | New | 69,962 | $11.4M |
| Amgen Inc | 0.4% | Trimmed 2.8% | 26,952 | $11.4M |
| Morgan Stanley | 0.4% | Trimmed 2.7% | 56,319 | $10.6M |
| Analog Devices Inc | 0.4% | Trimmed 3.5% | 26,365 | $10.5M |
| Walmart Inc | 0.3% | Trimmed 16% | 92,104 | $9.57M |
| TC Tjx Cos Inc New | 0.3% | Trimmed 11% | 72,284 | $9.56M |
| EE Emerson Elec Co | 0.3% | Trimmed 3.1% | 58,817 | $9.12M |
| Coca Cola Co | 0.3% | Trimmed 3.6% | 101,815 | $8.76M |
| Citigroup Inc | 0.3% | Trimmed 2.1% | 67,051 | $8.68M |
| IT Ishares Tr | 0.3% | Trimmed 7.5% | 112,855 | $8.53M |
| TI Texas Instrs Inc | 0.3% | Trimmed 3.3% | 28,678 | $8.03M |
| Merck & Co Inc | 0.3% | Trimmed 3.3% | 54,896 | $7.98M |
| Arista Networks Inc | 0.3% | Trimmed 3.5% | 39,078 | $7.96M |
| Gilead Sciences Inc | 0.3% | Trimmed 2.3% | 51,911 | $7.74M |
| Chevron Corporation | 0.3% | Trimmed 2.8% | 37,579 | $7.67M |
| AT&T Inc | 0.3% | Trimmed 3.4% | 313,581 | $7.65M |
| Enbridge Inc | 0.3% | Trimmed 3.0% | 162,525 | $7.56M |
| UP Union Pac Corp | 0.2% | Trimmed 1.0% | 25,865 | $7.04M |
| VF Virtu Finl Inc | 0.2% | Trimmed 3.4% | 124,377 | $6.86M |
| DE Duke Energy Corp New | 0.2% | Trimmed 2.9% | 59,964 | $6.84M |
| PM Philip Morris Intl Inc | 0.2% | Trimmed 2.5% | 35,733 | $6.82M |
| IT Ishares Tr | 0.2% | Trimmed 2.6% | 61,000 | $6.68M |
| Eaton Corp PLC | 0.2% | Trimmed 3.3% | 15,547 | $6.68M |
| Verizon Communications Inc | 0.2% | Trimmed 3.4% | 142,096 | $6.52M |
| WM Waste Mgmt Inc Del | 0.2% | Trimmed 3.2% | 30,637 | $6.25M |
| Wells Fargo & Co | 0.2% | Trimmed 2.8% | 77,253 | $6.18M |
| ST Seagate Technology Hldngs Pl | 0.2% | Trimmed 3.6% | 6,688 | $6.17M |
Showing top 60 of 212 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 27, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SG SPDR Gold Tr | Added | +59,158 | +$22.5M | 2.7% |
| VE Vaneck ETF Trust | Added | +211,527 | +$18.6M | 2.1% |
| IT Ishares Tr | Trimmed | −92,214 | −$11.6M | 15.4% |
| Exxonmobil Holdings Corp | New | +69,962 | +$11.4M | 0.4% |
| IT Ishares Tr | Trimmed | −43,719 | −$10.8M | 14.3% |
| Exxon Mobil Corp | Exited | −71,599 | −$9.79M | — |
| Amazon Com Inc | Added | +23,505 | +$5.86M | 1.2% |
| Abbott Laboratories | Trimmed | −53,805 | −$5.32M | — |
| Apple Inc | Added | +15,812 | +$5.27M | 1.6% |
| SS SPDR Series Trust | Trimmed | −160,340 | −$4.6M | 9.7% |
Showing the 10 largest of 208 changes.
quarter ended June 30, 2026 · filed August 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +2,719,078 | +$338M | 15.3% |
| IT Ishares Tr | Trimmed | −33,408 | −$8.1M | 14.0% |
| Micron Technology Inc | Trimmed | −6,180 | −$7.13M | 0.7% |
| Kla Corp | Added | +21,065 | +$6.36M | 0.2% |
| Aflac Inc | New | +49,604 | +$5.82M | 0.2% |
| Mastercard Incorporated | Trimmed | −10,456 | −$5.37M | — |
| Jpmorgan Chase & Co | Trimmed | −15,433 | −$5.05M | 0.6% |
| Cintas Corp | Trimmed | −26,567 | −$4.52M | — |
| Quest Diagnostics Inc | New | +17,913 | +$3.8M | 0.1% |
| IT Ishares Tr | Added | +46,100 | +$3.79M | 0.2% |
Showing the 10 largest of 202 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | New | +10,136,473 | +$296M | 10.5% |
| SS SPDR Series Trust | New | +5,924,374 | +$170M | 6.1% |
| SP SPDR Portfolio Intermediate Te | Exited | −5,621,794 | −$162M | — |
| SS SPDR Series Trust | New | +5,563,987 | +$146M | 5.2% |
| SP SPDR Portfolio Long Term Trea | Exited | −5,076,403 | −$134M | — |
| SP SPDR Portfolio Short Term Trea | Exited | −4,438,690 | −$130M | — |
| SG SPDR Gold Shares | Exited | −210,630 | −$83.5M | — |
| SS Select Sector SPDR Tr | New | +1,733,147 | +$79.5M | 2.8% |
| US The Utilities Select Sector Sp | Exited | −1,675,946 | −$71.5M | — |
| IT Ishares Tr | New | +2,998,377 | +$67.3M | 2.4% |
Showing the 10 largest of 291 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| US The Utilities Select Sector Sp | Added | +1,254,190 | +$53.5M | 2.6% |
| SG SPDR Gold Shares | Trimmed | −92,622 | −$36.7M | 3.0% |
| VG Vaneck Gold Miners ETF | Trimmed | −373,757 | −$32.1M | 2.2% |
| Darden Restaurants Inc | Trimmed | −40,388 | −$7.43M | — |
| Kimberly-clark Corp | Exited | −41,635 | −$5.18M | — |
| SP SPDR Portfolio Long Term Trea | Trimmed | −162,843 | −$4.31M | 4.9% |
| Netflix Inc | Added | +42,255 | +$3.96M | 0.2% |
| Micron Technology Inc | Trimmed | −13,608 | −$3.88M | 0.4% |
| II Ishares Ibonds Dec 2025 Term T | Exited | −162,900 | −$3.81M | — |
| Exxon Mobil Corp | Added | +30,620 | +$3.68M | 0.3% |
Showing the 10 largest of 191 changes.
quarter ended September 30, 2025 · filed October 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −24,360 | −$11.4M | 15.6% |
| Johnson & Johnson | Added | +39,297 | +$7.29M | 0.4% |
| IT Ishares Tr | Trimmed | −28,893 | −$5.88M | 12.7% |
| Broadcom Inc | Trimmed | −17,082 | −$5.64M | 1.1% |
| Kraft Heinz Co | Exited | −172,035 | −$4.44M | — |
| IT Ishares Tr | Trimmed | −18,131 | −$4.39M | 2.2% |
| IB International Business Machs | Added | +14,123 | +$3.98M | 0.2% |
| Dow Inc | Exited | −147,740 | −$3.91M | — |
| TG Tko Group Holdings Inc Cl A | Added | +18,127 | +$3.66M | 0.2% |
| DA Delta Air Lines Inc Del | Added | +62,224 | +$3.53M | 0.1% |
Showing the 10 largest of 196 changes.
quarter ended June 30, 2025 · filed July 31, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SP SPDR Portfolio Intermediate Te | Added | +2,440,938 | +$70.2M | 6.3% |
| SG SPDR Gold Shares | Trimmed | −188,325 | −$57.4M | 3.6% |
| US The Utilities Select Sector Sp | New | +426,505 | +$34.8M | 1.3% |
| IS Ishares Silver Trust | New | +897,855 | +$29.5M | 1.1% |
| VG Vaneck Gold Miners ETF | Trimmed | −407,098 | −$21.2M | 2.2% |
| IT Ishares Tr | Trimmed | −29,487 | −$12.5M | 15.3% |
| SP SPDR Portfolio Short Term Trea | Added | +397,817 | +$11.7M | 5.1% |
| IT Ishares Tr | Trimmed | −51,866 | −$10.1M | 12.9% |
| IT Ishares Tr | Trimmed | −36,250 | −$5.03M | 2.1% |
| Unitedhealth Group Inc | Trimmed | −13,455 | −$4.2M | 0.1% |
Showing the 10 largest of 195 changes.
quarter ended March 31, 2025 · filed May 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −402,265 | −$47.3M | 2.1% |
| IT Ishares Tr | Trimmed | −93,809 | −$33.9M | 14.3% |
| SG SPDR Gold Shares | Trimmed | −107,855 | −$31.1M | 5.8% |
| VG Vaneck Gold Miners ETF | Trimmed | −287,870 | −$13.2M | 2.8% |
| IT Ishares Tr | Trimmed | −46,540 | −$8.76M | 13.7% |
| Microsoft Corp | Trimmed | −7,521 | −$2.82M | 1.2% |
| SP SPDR Portfolio Long Term Trea | Trimmed | −101,226 | −$2.76M | 6.1% |
| CD Cadence Design System Inc | Trimmed | −10,793 | −$2.74M | — |
| Apple Inc | Trimmed | −12,108 | −$2.69M | 1.2% |
| VF Virtu Finl Inc | Added | +57,405 | +$2.19M | 0.2% |
Showing the 10 largest of 194 changes.
quarter ended December 31, 2024 · filed February 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SP SPDR Portfolio Short Term Trea | Trimmed | −5,119,198 | −$149M | 4.6% |
| SP SPDR Portfolio Long Term Trea | Added | +5,423,558 | +$142M | 5.6% |
| II Ishares Ibonds Dec 2033 Term T | New | +2,470,895 | +$58.4M | 2.2% |
| II Ishares Ibonds Dec 2025 Term T | Trimmed | −2,284,664 | −$53.3M | 0.2% |
| IU Ishares Us Treasury Bond ETF | Trimmed | −2,303,396 | −$52.9M | 0.1% |
| SP SPDR Portfolio Treasury ETF | New | +1,626,284 | +$48.6M | 1.9% |
| IT Ishares Tr | Trimmed | −39,996 | −$16.1M | 16.3% |
| IT Ishares Tr | Trimmed | −52,771 | −$9.77M | 13.0% |
| Invitation Homes Inc | Exited | −175,842 | −$6.2M | — |
| IT Ishares Tr | Trimmed | −47,995 | −$6.08M | 4.0% |
Showing the 10 largest of 193 changes.
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