Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (16 quarters reported)
$6.66B in Q4 2022 → $5.51B 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 | 18.1% | Added 11% | 12,940,626 | $999M |
| IT Ishares Tr | 15.8% | Unchanged | 8,506,450 | $869M |
| IT Ishares Tr | 14.7% | Added 25% | 1,055,965 | $809M |
| I Ishares Inc | 10.9% | Added 18% | 7,420,745 | $602M |
| IT Ishares Tr | 9.3% | Unchanged | 14,319,906 | $512M |
| IE Invesco Exchange Traded Fd T | 7.4% | Trimmed 23% | 1,964,911 | $409M |
| SS SPDR Series Trust | 4.9% | Unchanged | 2,900,000 | $269M |
| IQ Invesco Qqq Tr | 4.3% | Unchanged | 319,081 | $236M |
| IT Ishares Tr | 4.1% | Unchanged | 2,500,000 | $227M |
| VI Vanguard Index Fds | 3.4% | Unchanged | 2,105,718 | $190M |
| IT Ishares Tr | 3.3% | Unchanged | 4,450,000 | $184M |
| IE Invesco Exch Traded Fd Tr Ii | 2.4% | New | 426,794 | $130M |
| VI Vanguard Index Fds | 1.4% | Unchanged | 357,328 | $77.2M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 16, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +208,165 | +$159M | 14.7% |
| IE Invesco Exch Traded Fd Tr Ii | New | +426,794 | +$130M | 2.4% |
| IE Invesco Exchange Traded Fd T | Trimmed | −577,021 | −$120M | 7.4% |
| IT Ishares Tr | Added | +1,300,000 | +$100M | 18.1% |
| I Ishares Inc | Added | +1,149,825 | +$93.3M | 10.9% |
quarter ended June 30, 2026 · filed July 31, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +1,754,765 | +$151M | 3.4% |
| I Ishares Inc | Added | +1,650,407 | +$137M | 9.8% |
| IT Ishares Tr | Added | +1,250,000 | +$100M | 17.6% |
| IE Invesco Exchange Traded Fd T | Trimmed | −302,880 | −$64.4M | 10.2% |
quarter ended March 31, 2026 · filed May 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −323,000 | −$211M | 11.5% |
| IT Ishares Tr | Trimmed | −1,800,000 | −$196M | 19.3% |
| IE Invesco Exchange Traded Fd T | Trimmed | −947,300 | −$182M | 11.3% |
| I Ishares Inc | Added | +1,569,959 | +$110M | 6.7% |
| IQ Invesco Qqq Tr | Trimmed | −84,000 | −$48.5M | 3.8% |
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −2,900,000 | −$320M | 20.9% |
| I Ishares Inc | Added | +1,956,084 | +$131M | 3.8% |
| IT Ishares Tr | Exited | −2,150,000 | −$112M | — |
| IQ Invesco Qqq Tr | Added | +104,414 | +$64.1M | 4.5% |
| IT Ishares Tr | Added | +1,500,000 | +$56.1M | 9.8% |
quarter ended September 30, 2025 · filed October 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VS Vanguard Scottsdale Fds | Exited | −6,670,000 | −$553M | — |
| IT Ishares Tr | Exited | −9,770,000 | −$515M | — |
| IT Ishares Tr | New | +2,500,000 | +$238M | 4.2% |
| IT Ishares Tr | Exited | −4,400,000 | −$234M | — |
| IQ Invesco Qqq Tr | New | +298,667 | +$179M | 3.2% |
| VI Vanguard Index Fds | New | +350,953 | +$168M | 3.0% |
| VS Vanguard Scottsdale Fds | Exited | −2,070,000 | −$165M | — |
| IT Ishares Tr | Added | +4,000,000 | +$151M | 8.6% |
| IT Ishares Tr | Trimmed | −1,650,000 | −$86.2M | 2.0% |
| I Ishares Inc | New | +1,094,470 | +$72.1M | 1.3% |
Showing the 10 largest of 11 changes.
quarter ended June 30, 2025 · filed July 31, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VS Vanguard Scottsdale Fds | Trimmed | −2,778,000 | −$221M | 2.6% |
| VS Vanguard Scottsdale Fds | Trimmed | −580,000 | −$48.1M | 8.8% |
| IT Ishares Tr | Trimmed | −778,000 | −$40M | 3.1% |
| IT Ishares Tr | Trimmed | −630,000 | −$33.2M | 8.2% |
| IT Ishares Tr | Trimmed | −556,000 | −$29.6M | 3.7% |
quarter ended March 31, 2025 · filed May 20, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +1,170,800 | +$658M | 10.1% |
| IE Invesco Exchange Traded Fd T | New | +3,792,112 | +$657M | 10.1% |
| VS Vanguard Scottsdale Fds | Trimmed | −3,352,000 | −$265M | 5.9% |
| VS Vanguard Scottsdale Fds | Trimmed | −2,500,000 | −$204M | 9.1% |
| IT Ishares Tr | Trimmed | −2,656,311 | −$136M | 3.6% |
| IT Ishares Tr | Trimmed | −2,281,448 | −$120M | 4.0% |
quarter ended December 31, 2024 · filed January 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VS Vanguard Scottsdale Fds | Trimmed | −6,419,866 | −$501M | 11.0% |
| IT Ishares Tr | Trimmed | −5,009,088 | −$259M | 9.2% |
| SS Schwab Strategic Tr | Exited | −2,593,803 | −$219M | — |
| IT Ishares Tr | Exited | −238,164 | −$137M | — |
| VS Vanguard Scottsdale Fds | Trimmed | −1,200,000 | −$96.3M | 13.4% |
| SS SPDR Ser Tr | Trimmed | −958,054 | −$91.5M | 4.7% |
| IT Ishares Tr | Trimmed | −2,310,251 | −$85M | 5.6% |
| VI Vanguard Index Fds | Trimmed | −435,282 | −$73.7M | 1.0% |
| IT Ishares Tr | Trimmed | −620,493 | −$26.4M | 3.2% |
Loading...
