Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (41 quarters reported)
$102M in Q4 2015 → $756M now. Hover for any quarter.
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 |
|---|---|---|---|---|
| IT Ishares Tr | 8.8% | Trimmed 0.8% | 447,667 | $66.6M |
| SS SPDR Series Trust | 8.6% | Trimmed 0.7% | 812,351 | $65.2M |
| PE Principal Exchange Traded Fd | 8.1% | Trimmed 1.4% | 893,720 | $61.2M |
| DE Dbx ETF Tr | 7.6% | Trimmed 0.9% | 1,199,151 | $57.7M |
| DE Dbx ETF Tr | 7.3% | Trimmed 0.4% | 1,778,177 | $55.1M |
| PF Pacer Fds Tr | 6.6% | Trimmed 0.2% | 831,660 | $50M |
| JP J P Morgan Exchange Traded F | 6.5% | Added 1.4% | 965,974 | $49.3M |
| VI Vanguard Index Fds | 5.8% | Trimmed 0.9% | 130,797 | $43.9M |
| SS SPDR Series Trust | 5.5% | Added 2.2% | 1,450,509 | $41.8M |
| CE Columbia ETF Tr Ii | 3.7% | Trimmed 1.6% | 730,973 | $28M |
| SS SPDR Series Trust | 3.2% | Trimmed 1.7% | 928,154 | $24.6M |
| MS Morgan Stanley ETF Trust | 3.1% | Trimmed 0.2% | 277,873 | $23.4M |
| VI Vanguard Index Fds | 2.9% | Trimmed 1.3% | 45,530 | $22.2M |
| IT Ishares Tr | 2.6% | Added 0.0% | 50,376 | $19.5M |
| IT Ishares Tr | 2.3% | Trimmed 5.1% | 37,249 | $17.6M |
| Apple Inc | 1.6% | Trimmed 25% | 45,531 | $12.4M |
| NE Nushares ETF Tr | 1.6% | Added 0.7% | 270,178 | $12.2M |
| SS SPDR Series Trust | 1.6% | Added 2.1% | 406,398 | $11.9M |
| VS Vanguard Scottsdale Fds | 1.4% | Added 17% | 191,387 | $10.7M |
| NE Nushares ETF Tr | 1.3% | Trimmed 2.2% | 103,049 | $10.1M |
| MS Morgan Stanley ETF Trust | 1.1% | Trimmed 1.1% | 119,705 | $8.53M |
| I Ishares Inc | 0.9% | Trimmed 0.7% | 151,187 | $6.68M |
| VW Vanguard World Fd | 0.8% | Trimmed 1.6% | 89,713 | $6.43M |
| VI Vanguard Index Fds | 0.7% | Added 9.7% | 8,080 | $5.07M |
| M Mcdonalds Corp | 0.5% | Added 0.0% | 12,494 | $3.82M |
| VS Vanguard Star Fds | 0.4% | Unchanged | 39,603 | $2.99M |
| Microsoft Corp | 0.3% | Trimmed 5.0% | 4,546 | $2.2M |
| Alphabet Inc | 0.3% | Added 0.1% | 6,997 | $2.2M |
| EL Eli Lilly & Co | 0.2% | Trimmed 0.1% | 1,654 | $1.78M |
| BH Berkshire Hathaway Inc Del | 0.2% | Unchanged | 2 | $1.51M |
| IT Ishares Tr | 0.2% | Added 331% | 15,085 | $1.51M |
| Caterpillar Inc | 0.2% | Unchanged | 2,535 | $1.45M |
| Jpmorgan Chase & Co. | 0.2% | Added 0.1% | 4,148 | $1.34M |
| Lifestance Health Group Inc | 0.2% | Unchanged | 178,371 | $1.26M |
| Amazon Com Inc | 0.2% | Unchanged | 5,012 | $1.16M |
| SS SPDR Series Trust | 0.1% | Added 0.6% | 7,133 | $993K |
| IT Ishares Tr | 0.1% | Trimmed 11% | 9,119 | $859K |
| IT Ishares Tr | 0.1% | Unchanged | 1,215 | $832K |
| SS Select Sector SPDR Tr | 0.1% | Added 100% | 5,720 | $824K |
| Alphabet Inc | 0.1% | Added 0.0% | 2,512 | $786K |
| CS Cisco Sys Inc | 0.1% | Unchanged | 9,839 | $758K |
| DE Dimensional ETF Trust | 0.1% | New | 17,820 | $705K |
| Corning Inc | 0.1% | Trimmed 3.0% | 7,774 | $681K |
| Analog Devices Inc | 0.1% | Unchanged | 2,345 | $636K |
| Abbvie Inc | 0.1% | Unchanged | 2,745 | $627K |
| Home Depot Inc | 0.1% | Trimmed 0.6% | 1,772 | $610K |
| Oracle Corp | 0.1% | Trimmed 0.2% | 3,044 | $593K |
| SS SPDR S&P 500 ETF Tr | 0.1% | Unchanged | 851 | $580K |
| Merck & Co Inc | 0.1% | Added 0.1% | 5,327 | $561K |
| Johnson & Johnson | 0.1% | Added 0.0% | 2,692 | $557K |
| IT Ishares Tr | 0.1% | Unchanged | 1,488 | $556K |
| AL Abbott Labs | 0.1% | Trimmed 0.2% | 4,286 | $537K |
| TI Texas Instrs Inc | 0.1% | Added 0.0% | 3,094 | $537K |
| Rtx Corporation | 0.1% | Unchanged | 2,888 | $530K |
| Aptargroup Inc | 0.1% | Unchanged | 4,338 | $529K |
| AP Air Prods & Chems Inc | 0.1% | Trimmed 0.1% | 2,135 | $527K |
| Ametek Inc | 0.1% | Unchanged | 2,547 | $523K |
| IB International Business Machs | 0.1% | Added 0.5% | 1,736 | $514K |
| DE Dimensional ETF Trust | 0.1% | New | 10,960 | $511K |
| DE Dimensional ETF Trust | 0.1% | New | 13,260 | $504K |
Showing top 60 of 110 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended December 31, 2025 · filed January 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Apple Inc | Trimmed | −15,191 | −$4.13M | 1.6% |
| VS Vanguard Scottsdale Fds | Added | +27,303 | +$1.52M | 1.4% |
| IT Ishares Tr | Added | +11,584 | +$1.16M | 0.2% |
| IT Ishares Tr | Trimmed | −1,995 | −$944K | 2.3% |
| SS SPDR Series Trust | Added | +30,831 | +$889K | 5.5% |
| PE Principal Exchange Traded Fd | Trimmed | −12,417 | −$850K | 8.1% |
| DE Dimensional ETF Trust | New | +17,820 | +$705K | 0.1% |
| JP J P Morgan Exchange Traded F | Added | +13,774 | +$703K | 6.5% |
| IT Ishares Tr | Trimmed | −3,725 | −$554K | 8.8% |
| DE Dbx ETF Tr | Trimmed | −10,852 | −$522K | 7.6% |
Showing the 10 largest of 84 changes.
quarter ended September 30, 2025 · filed October 22, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| JP J P Morgan Exchange Traded F | New | +952,200 | +$48.6M | 6.6% |
| Microsoft Corp | Added | +2,915 | +$1.51M | 0.3% |
| Alphabet Inc | Added | +5,951 | +$1.45M | 0.2% |
| EL Eli Lilly & Co | Added | +1,608 | +$1.23M | 0.2% |
| Caterpillar Inc | New | +2,535 | +$1.21M | 0.2% |
| PE Principal Exchange Traded Fd | Trimmed | −14,383 | −$981K | 8.4% |
| Jpmorgan Chase & Co. | Added | +2,953 | +$931K | 0.2% |
| Oracle Corp | Added | +3,030 | +$852K | 0.1% |
| Amazon Com Inc | Added | +3,629 | +$797K | 0.1% |
| IT Ishares Tr | Trimmed | −4,956 | −$722K | 8.9% |
Showing the 10 largest of 83 changes.
quarter ended June 30, 2025 · filed July 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DE Dbx ETF Tr | New | +1,791,122 | +$51.7M | 8.1% |
| CE Columbia ETF Tr Ii | Added | +247,750 | +$8.47M | 4.0% |
| I Ishares Inc | Trimmed | −133,037 | −$8.4M | 0.1% |
| VW Vanguard World Fd | New | +91,966 | +$6.02M | 0.9% |
| I Ishares Inc | Added | +148,548 | +$5.82M | 1.0% |
| SS SPDR Ser Tr | Trimmed | −51,847 | −$3.77M | 9.4% |
| VI Vanguard Index Fds | Added | +6,363 | +$3.61M | 0.6% |
| BH Berkshire Hathaway Inc Del | New | +2 | +$1.46M | 0.2% |
| IT Ishares Tr | Trimmed | −6,501 | −$878K | 9.7% |
| VI Vanguard Index Fds | Trimmed | −2,353 | −$715K | 6.3% |
Showing the 10 largest of 77 changes.
quarter ended March 31, 2025 · filed April 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Ishares Inc | Added | +134,475 | +$7.41M | 1.4% |
| CE Columbia ETF Tr Ii | Trimmed | −221,540 | −$6.54M | 2.8% |
| PE Principal Exchange Traded Fd | Trimmed | −38,653 | −$2.19M | 9.8% |
| SS SPDR Ser Tr | Added | +17,461 | +$1.15M | 10.7% |
| IT Ishares Tr | Trimmed | −8,059 | −$983K | 10.5% |
| IT Ishares Tr | Trimmed | −2,046 | −$739K | 2.8% |
| VI Vanguard Index Fds | Trimmed | −2,238 | −$615K | 6.9% |
| DE Dbx ETF Tr | Trimmed | −12,714 | −$551K | 9.8% |
| Microsoft Corp | Added | +1,023 | +$384K | 0.2% |
| SS SPDR Ser Tr | Added | +10,604 | +$289K | 4.7% |
Showing the 10 largest of 64 changes.
quarter ended December 31, 2024 · filed January 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PE Principal Exchange Traded Fd | Added | +132,829 | +$7.97M | 10.4% |
| SS SPDR Ser Tr | Added | +105,180 | +$7.25M | 10.7% |
| Apple Inc | Added | +24,647 | +$6.17M | 2.8% |
| VI Vanguard Index Fds | Added | +15,328 | +$4.44M | 7.2% |
| SS SPDR Ser Tr | Added | +146,423 | +$4.08M | 7.1% |
| SS SPDR Ser Tr | Added | +128,801 | +$3.37M | 4.3% |
| VS Vanguard Star Fds | New | +39,603 | +$2.33M | 0.4% |
| PF Pacer Fds Tr | Added | +40,092 | +$2.26M | 8.3% |
| CE Columbia ETF Tr Ii | Added | +65,692 | +$1.94M | 3.8% |
| DE Dbx ETF Tr | Added | +43,192 | +$1.79M | 9.2% |
Showing the 10 largest of 46 changes.
quarter ended September 30, 2024 · filed October 23, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PE Principal Exchange Traded Fd | Added | +474,173 | +$27M | 9.3% |
| CE Columbia ETF Tr Ii | New | +656,073 | +$21.4M | 4.2% |
| SS SPDR Ser Tr | Trimmed | −309,828 | −$20.9M | 10.0% |
| NE Nushares ETF Tr | New | +108,998 | +$9.01M | 1.8% |
| VI Vanguard Index Fds | Added | +8,490 | +$3.26M | 3.0% |
| IT Ishares Tr | Trimmed | −14,937 | −$1.88M | 11.6% |
| SS SPDR Ser Tr | Added | +51,985 | +$1.51M | 7.2% |
| PF Pacer Fds Tr | Added | +21,777 | +$1.26M | 8.8% |
| MS Morgan Stanley ETF Trust | Trimmed | −13,005 | −$932K | 3.7% |
| DE Dbx ETF Tr | Added | +17,173 | +$722K | 9.8% |
Showing the 10 largest of 64 changes.
quarter ended June 30, 2024 · filed July 22, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Ser Tr | Added | +1,025,803 | +$65.7M | 15.3% |
| IT Ishares Tr | Trimmed | −455,583 | −$54.1M | 13.0% |
| VI Vanguard Index Fds | Trimmed | −43,537 | −$11.6M | 7.4% |
| Apple Inc | Added | +14,795 | +$3.12M | 1.7% |
| VI Vanguard Index Fds | Added | +4,769 | +$1.78M | 2.6% |
| SS SPDR Ser Tr | Added | +48,238 | +$1.31M | 4.7% |
| Lifestance Health Group Inc | Trimmed | −181,530 | −$891K | 0.4% |
| SS SPDR Ser Tr | Added | +27,460 | +$769K | 7.6% |
| NE Nushares ETF Tr | Added | +18,136 | +$685K | 2.3% |
| MS Morgan Stanley ETF Trust | Added | +7,151 | +$485K | 4.2% |
Showing the 10 largest of 54 changes.
quarter ended March 31, 2024 · filed April 18, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PE Principal Exchange Traded Fd | New | +351,527 | +$18.1M | 4.2% |
| VI Vanguard Index Fds | Added | +13,267 | +$4.57M | 2.1% |
| IT Ishares Tr | Trimmed | −29,954 | −$3.45M | 25.1% |
| SS SPDR Ser Tr | New | +39,187 | +$2.41M | 0.6% |
| SS SPDR Ser Tr | Added | +85,279 | +$2.38M | 4.6% |
| MS Morgan Stanley ETF Trust | Added | +31,009 | +$2.04M | 4.1% |
| VI Vanguard Index Fds | Trimmed | −5,256 | −$1.37M | 10.0% |
| SS SPDR Ser Tr | Added | +39,385 | +$1.11M | 7.7% |
| Lifestance Health Group Inc | Trimmed | −178,281 | −$1.1M | 0.8% |
| DE Dbx ETF Tr | Trimmed | −15,578 | −$638K | 11.1% |
Showing the 10 largest of 61 changes.
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