Quarterly 13F snapshot: US-listed longs only, no performance figures โ 13F data cannot support them.
Reported portfolio value by quarter (32 quarters reported)
$153M in Q4 2018 โ $182M 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 |
|---|---|---|---|---|
| TS Technology Select Sect SPDR | 7.6% | Trimmed 0.0% | 70,821 | $13.9M |
| FS Financial Select Sector SPDR | 6.3% | Added 31% | 214,179 | $11.4M |
| CS Comm Serv Select Sector SPDR | 6.2% | Trimmed 31% | 101,756 | $11.3M |
| IS Industrial Select Sect SPDR | 5.2% | Added 0.0% | 56,470 | $9.43M |
| HC Health Care Select Sector | 5.0% | Added 94% | 53,763 | $9.05M |
| FF Franklin Ftse Japan ETF | 4.3% | Unchanged | 189,978 | $7.87M |
| FF Franklin Ftse Taiwan ETF | 3.9% | Unchanged | 64,965 | $7.1M |
| SB SPDR Bloomberg 1-3 Month T-b | 3.2% | Trimmed 35% | 63,741 | $5.84M |
| II Ishares Iboxx High Yld Corp | 3.1% | New | 73,984 | $5.71M |
| IF Ishares Floating Rate Bond E | 3.1% | New | 110,826 | $5.66M |
| IM Ishares Msci South Korea ETF | 3.1% | Added 28% | 30,796 | $5.63M |
| VF Vanguard Ftse Developed ETF | 2.7% | Added 12% | 68,723 | $4.85M |
| VT Vanguard Total Stock Mkt ETF | 2.7% | Trimmed 9.9% | 12,922 | $4.84M |
| ES Energy Select Sector SPDR | 2.6% | Added 0.1% | 75,848 | $4.66M |
| FF Franklin Ftse Canada ETF | 2.1% | Unchanged | 74,760 | $3.9M |
| FF Franklin Ftse United Kingdom | 2.0% | Unchanged | 101,402 | $3.64M |
| SS SPDR S&P Aerospace & Def ETF | 1.9% | Added 0.3% | 15,287 | $3.54M |
| MS Materials Select Sector SPDR | 1.7% | New | 65,156 | $3.17M |
| VT Vanguard Tot World Stk ETF | 1.7% | Unchanged | 19,879 | $3.14M |
| IM Ishares Msci Spain ETF | 1.6% | Added 24% | 48,715 | $2.88M |
| SP SPDR Port S&P 500 Value | 1.5% | Trimmed 0.0% | 44,797 | $2.74M |
| FF Franklin Ftse Germany ETF | 1.5% | Unchanged | 84,886 | $2.73M |
| IM Ishares Msci Brazil ETF | 1.4% | Unchanged | 70,529 | $2.63M |
| FF Franklin Ftse China ETF | 1.4% | Trimmed 1.0% | 121,789 | $2.52M |
| IR Ishares Russell 2000 ETF | 1.4% | Unchanged | 9,002 | $2.5M |
| VF Vanguard Ftse Emerging Marke | 1.3% | Added 30% | 41,048 | $2.43M |
| JA Jpmorgan Active Bond ETF | 1.3% | Trimmed 53% | 45,095 | $2.31M |
| IM Ishares Msci Mexico ETF | 1.2% | Unchanged | 31,114 | $2.21M |
| FF Franklin Ftse South Korea | 1.2% | Unchanged | 35,006 | $2.1M |
| IM Ishares Msci Peru And Global | 1.1% | Unchanged | 21,881 | $1.94M |
| IM Ishares Msci South Africa Et | 1.0% | Unchanged | 29,808 | $1.91M |
| JI Jpmorgan Intl Bnd ETF | 1.0% | Added 57% | 40,362 | $1.88M |
| IM Ishares Msci Chile ETF | 1.0% | Added 31% | 48,214 | $1.82M |
| IC Ishares Core S&P Midcap ETF | 1.0% | Trimmed 2.0% | 24,084 | $1.73M |
| FF Franklin Ftse India ETF | 0.9% | Unchanged | 50,486 | $1.69M |
| II Ishares Iboxx Investment Gra | 0.8% | Added 51% | 14,912 | $1.52M |
| FF Franklin Ftse Switzerland | 0.8% | Unchanged | 35,164 | $1.43M |
| SG SPDR Gold Shares | 0.8% | Added 17% | 3,611 | $1.38M |
| IC Ishares Core S&P Small-cap E | 0.7% | Added 17% | 9,939 | $1.35M |
| VT Vanguard Total Bond Market | 0.7% | Added 53% | 18,543 | $1.3M |
| FF Franklin Ftse Australia ETF | 0.7% | Unchanged | 37,289 | $1.26M |
| IM Ishares Msci Netherlands ETF | 0.7% | Unchanged | 18,392 | $1.25M |
| IM Ishares Msci Emr Mrk Ex Chna | 0.6% | Trimmed 13% | 11,091 | $1.1M |
| IM Ishares Msci United Kingdom | 0.5% | Unchanged | 17,889 | $832K |
| IM Ishares Msci France ETF | 0.4% | Trimmed 34% | 17,539 | $747K |
| IM Ishares Msci Taiwan ETF | 0.4% | Unchanged | 5,771 | $652K |
| JB Jpmorgan Betabuilders Canada | 0.3% | Unchanged | 6,249 | $627K |
| IM Ishares Msci Italy ETF | 0.3% | Unchanged | 10,644 | $625K |
| FF Franklin Ftse Brazil ETF | 0.3% | Unchanged | 24,594 | $576K |
| SD SPDR Dj Global Real Estate E | 0.2% | Added 5.8% | 9,684 | $449K |
| IM Ishares Msci Sweden ETF | 0.2% | Trimmed 43% | 8,030 | $401K |
| CE Crescent Energy Inc-a | 0.2% | Trimmed 23% | 28,686 | $370K |
| VS Vanguard S&P 500 ETF | 0.2% | Added 25% | 518 | $363K |
| Lincoln National Corp | 0.2% | Trimmed 8.9% | 8,112 | $327K |
| Coca-cola Consolidated Inc | 0.2% | Trimmed 9.0% | 1,705 | $323K |
| WA Western Alliance Bancorp | 0.2% | Trimmed 20% | 3,785 | $284K |
| DI Dillards Inc-cl A | 0.2% | Unchanged | 423 | $283K |
| IM Ishares Msci Singapore ETF | 0.1% | New | 8,136 | $271K |
| Par Pacific Holdings Inc | 0.1% | New | 3,287 | $268K |
| IM Ishares Msci Denmark ETF | 0.1% | Trimmed 19% | 2,444 | $267K |
Showing top 60 of 76 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 ยท filed November 02, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| II Ishares Iboxx High Yld Corp | New | +73,984 | +$5.71M | 3.1% |
| IF Ishares Floating Rate Bond E | New | +110,826 | +$5.66M | 3.1% |
| CS Comm Serv Select Sector SPDR | Trimmed | โ46,337 | โ$5.14M | 6.2% |
| US Utilities Select Sector SPDR | Exited | โ106,372 | โ$4.82M | โ |
| CD Consumer Discretionary Selt | Exited | โ40,524 | โ$4.75M | โ |
| HC Health Care Select Sector | Added | +26,088 | +$4.39M | 5.0% |
| SB SPDR Bloomberg 1-3 Month T-b | Trimmed | โ34,869 | โ$3.2M | 3.2% |
| MS Materials Select Sector SPDR | New | +65,156 | +$3.17M | 1.7% |
| CS Consumer Staples SPDR | Exited | โ33,518 | โ$2.78M | โ |
| FS Financial Select Sector SPDR | Added | +51,241 | +$2.74M | 6.3% |
Showing the 10 largest of 72 changes.
quarter ended June 30, 2026 ยท filed August 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SB SPDR Bloomberg 1-3 Month T-b | New | +98,610 | +$9.04M | 4.8% |
| TS Technology Select Sect SPDR | Trimmed | โ24,440 | โ$4.66M | 7.2% |
| ES Energy Select Sector SPDR | Trimmed | โ51,158 | โ$2.72M | 2.1% |
| IC Ishares Core S&P 500 | New | +1,444 | +$1.17M | 0.6% |
| RE Real Estate Select Sect SPDR | Exited | โ25,356 | โ$1.04M | โ |
| FF Franklin Ftse Taiwan ETF | Added | +9,623 | +$1.02M | 3.7% |
| FS Financial Select Sector SPDR | Added | +18,825 | +$1.01M | 4.7% |
| IM Ishares Msci South Korea ETF | Added | +4,800 | +$969K | 2.6% |
| IM Ishares Msci Brazil ETF | Added | +23,853 | +$823K | 1.3% |
| IN Ishares Nasdaq 100 Usd Acc | New | +377 | +$652K | 0.3% |
Showing the 10 largest of 63 changes.
quarter ended March 31, 2026 ยท filed May 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FS Financial Select Sector SPDR | Trimmed | โ146,869 | โ$7.25M | 4.4% |
| ES Energy Select Sector SPDR | Added | +101,525 | +$6.22M | 4.8% |
| HC Health Care Select Sector | Trimmed | โ39,195 | โ$5.75M | 2.5% |
| IS Industrial Select Sect SPDR | Trimmed | โ27,274 | โ$4.41M | 5.7% |
| TS Technology Select Sect SPDR | Trimmed | โ31,300 | โ$4.16M | 7.9% |
| SS SPDR S&P Aerospace & Def ETF | New | +15,234 | +$3.87M | 2.4% |
| CS Consumer Staples SPDR | Trimmed | โ34,743 | โ$2.85M | 1.7% |
| JA Jpmorgan Active Bond ETF | Added | +50,786 | +$2.73M | 3.1% |
| IR Ishares Russell Mid-cap Grow | Exited | โ17,618 | โ$2.41M | โ |
| CD Consumer Discretionary Selt | Trimmed | โ22,018 | โ$2.4M | 2.7% |
Showing the 10 largest of 90 changes.
quarter ended December 31, 2025 ยท filed January 30, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TS Technology Select Sect SPDR | Added | +51,270 | +$7.38M | 9.9% |
| CD Consumer Discretionary Selt | Added | +22,913 | +$2.74M | 4.0% |
| FF Franklin Ftse United Kingdom | Trimmed | โ54,261 | โ$1.83M | 1.7% |
| IR Ishares Russell Mid-cap Grow | Trimmed | โ10,205 | โ$1.4M | 1.3% |
| US Utilities Select Sector SPDR | Added | +30,167 | +$1.29M | 2.5% |
| FF Franklin Ftse Switzerland | Trimmed | โ28,093 | โ$1.17M | 0.8% |
| FF Franklin Ftse Germany ETF | Trimmed | โ34,100 | โ$1.14M | 1.6% |
| VT Vanguard Tot World Stk ETF | Added | +6,014 | +$848K | 1.3% |
| FF Franklin Ftse Japan ETF | Trimmed | โ23,946 | โ$825K | 3.4% |
| IM Ishares Msci Taiwan ETF | Added | +11,603 | +$737K | 0.7% |
Showing the 10 largest of 86 changes.
quarter ended September 30, 2025 ยท filed November 03, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Industrial Select Sect SPDR | Added | +51,808 | +$7.99M | 6.6% |
| FS Financial Select Sector SPDR | Trimmed | โ143,619 | โ$7.74M | 7.8% |
| US Utilities Select Sector SPDR | New | +76,209 | +$6.65M | 3.3% |
| TS Technology Select Sect SPDR | Trimmed | โ22,386 | โ$6.31M | 10.6% |
| VI Vanguard Info Tech ETF | Exited | โ7,452 | โ$4.94M | โ |
| CS Comm Serv Select Sector SPDR | Added | +35,052 | +$4.15M | 8.9% |
| VS Vaneck Semiconductor ETF | Exited | โ8,557 | โ$2.39M | โ |
| IR Ishares Russell Mid-cap Grow | Added | +12,382 | +$1.76M | 2.0% |
| VT Vanguard Tot World Stk ETF | New | +10,380 | +$1.43M | 0.7% |
| JI Jpmorgan Intl Bnd ETF | New | +28,007 | +$1.37M | 0.7% |
Showing the 10 largest of 97 changes.
quarter ended June 30, 2025 ยท filed August 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| JA Jpmorgan Active Bond ETF | Trimmed | โ322,326 | โ$17.3M | 1.3% |
| TS Technology Select Sect SPDR | Added | +53,428 | +$13.5M | 13.0% |
| JC Jpmorgan Core Plus Bond ETF | Exited | โ152,150 | โ$7.16M | โ |
| FS Financial Select Sector SPDR | Added | +131,939 | +$6.91M | 11.9% |
| CS Comm Serv Select Sector SPDR | Added | +56,590 | +$6.14M | 6.6% |
| ES Energy Select Sector SPDR | Trimmed | โ66,646 | โ$5.65M | 0.6% |
| US Utilities Select Sector SPDR | Exited | โ54,117 | โ$4.27M | โ |
| HC Health Care Select Sector | Added | +21,801 | +$2.94M | 5.1% |
| VF Vanguard Ftse Developed ETF | Added | +49,165 | +$2.8M | 2.2% |
| VS Vaneck Semiconductor ETF | New | +8,557 | +$2.39M | 1.3% |
Showing the 10 largest of 122 changes.
quarter ended March 31, 2025 ยท filed April 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FS Financial Select Sector SPDR | Trimmed | โ145,511 | โ$7.25M | 8.1% |
| IS Industrial Select Sect SPDR | Trimmed | โ47,394 | โ$6.21M | 2.8% |
| JC Jpmorgan Core Plus Bond ETF | Trimmed | โ115,670 | โ$5.44M | 3.9% |
| ES Energy Select Sector SPDR | Added | +40,440 | +$3.78M | 4.1% |
| II Ishares Iboxx Investment Gra | Trimmed | โ29,455 | โ$3.2M | 0.5% |
| VI Vanguard Info Tech ETF | New | +5,429 | +$2.94M | 1.6% |
| VS Vanguard Small-cap Value ETF | Exited | โ14,798 | โ$2.93M | โ |
| TS Technology Select Sect SPDR | Added | +13,189 | +$2.72M | 5.0% |
| IM Ishares Msci Germany ETF | New | +60,516 | +$2.24M | 1.2% |
| IC Ishares China Large-cap ETF | Trimmed | โ59,884 | โ$2.15M | 2.0% |
Showing the 10 largest of 116 changes.
quarter ended December 31, 2024 ยท filed February 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FS Financial Select Sector SPDR | Added | +166,821 | +$8.06M | 10.5% |
| TS Technology Select Sect SPDR | New | +31,077 | +$7.23M | 3.5% |
| JC Jpmorgan Core Plus Bond ETF | Trimmed | โ143,767 | โ$6.62M | 6.0% |
| CS Comm Serv Select Sector SPDR | Trimmed | โ63,902 | โ$6.19M | 2.9% |
| CD Consumer Discretionary Selt | Added | +26,617 | +$5.97M | 4.8% |
| IS Industrial Select Sect SPDR | Added | +35,769 | +$4.71M | 5.6% |
| SP SPDR Port Lng Trm Trsry | Exited | โ139,065 | โ$4.04M | โ |
| RE Real Estate Select Sect SPDR | Trimmed | โ99,279 | โ$4.04M | 0.8% |
| VS Vanguard Small-cap Value ETF | Trimmed | โ17,657 | โ$3.5M | 1.4% |
| IC Ishares Core S&P 500 | Trimmed | โ5,531 | โ$3.45M | 0.9% |
Showing the 10 largest of 141 changes.
Loading...
