Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$108M in Q4 2013 → $972M 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 |
|---|---|---|---|---|
| SS SPDR Series Trust | 16.8% | Added 80% | 1,777,681 | $163M |
| VI Vanguard Index Fds | 16.3% | Added 22% | 728,513 | $159M |
| VI Vanguard Index Fds | 7.3% | Added 619% | 825,415 | $71.1M |
| IG Ishares Gold Tr | 6.7% | Trimmed 54% | 858,088 | $64.8M |
| BE Blackrock ETF Trust Ii | 5.7% | Added 34% | 1,103,409 | $55M |
| IE Invesco Exchange Traded Fd T | 4.3% | Added 483% | 198,353 | $42.2M |
| JP J P Morgan Exchange Traded F | 3.0% | Added 82% | 376,103 | $29.2M |
| LA Lazard Active ETF Tr | 2.6% | Added 17% | 695,196 | $25.4M |
| SS Schwab Strategic Tr | 2.6% | Trimmed 19% | 1,099,967 | $24.9M |
| Pershing Square Usa Ltd | 2.3% | New | 601,320 | $22.5M |
| WT Wisdomtree Tr | 2.2% | Added 426% | 125,863 | $21.8M |
| PE Principal Exchange Traded Fd | 2.2% | Added 30% | 1,104,859 | $21.1M |
| Cameco Corp | 1.8% | Added 1.5% | 171,804 | $17.5M |
| ES Ea Series Trust | 1.6% | Added 2434% | 219,058 | $16M |
| Microsoft Corp | 1.4% | Added 17% | 36,373 | $13.6M |
| Alphabet Inc | 1.3% | Added 458% | 34,113 | $12.2M |
| Howard Hughes Holdings Inc | 1.2% | New | 169,075 | $12.1M |
| MU Mitsubishi Ufj Financial Gro | 1.2% | Trimmed 0.2% | 574,236 | $11.5M |
| 2E 2023 ETF Series Trust | 1.2% | Added 19% | 356,498 | $11.5M |
| Jpmorgan Chase & Co | 1.2% | Added 1.8% | 34,689 | $11.4M |
| IT Ishares Tr | 1.1% | Added 12437% | 87,760 | $10.9M |
| IT Ishares Tr | 1.1% | Added 949% | 111,184 | $10.7M |
| IG Ishares Gold Trust Micro | 1.1% | Unchanged | 265,651 | $10.6M |
| Walmart Inc | 1.1% | Added 5.9% | 91,844 | $10.4M |
| N Nokia Corp | 1.0% | New | 753,841 | $10M |
| Ulta Beauty Inc | 0.9% | Added 6.7% | 19,827 | $8.94M |
| IE Invesco Exch Traded Fd Tr Ii | 0.9% | Added 13% | 432,210 | $8.8M |
| IT Ishares Tr | 0.8% | Added 1446% | 9,880 | $7.4M |
| Amazon Com Inc | 0.5% | Added 15% | 21,215 | $5.06M |
| IT Ishares Tr | 0.5% | Added 1162% | 20,400 | $4.95M |
| SS SPDR S&P 500 ETF | 0.5% | Trimmed 3.0% | 6,043 | $4.52M |
| TS Taiwan Semiconductor Manufac | 0.4% | Added 73% | 9,114 | $4.36M |
| IT Ishares Tr | 0.3% | New | 49,160 | $3.27M |
| VI Vanguard Intl Equity Index F | 0.3% | New | 20,200 | $3.17M |
| Apple Inc | 0.3% | Added 83% | 10,603 | $3.07M |
| Microsoft Corp | 0.3% | Added 70% | 5,463 | $2.81M |
| Mercadolibre Inc | 0.3% | Added 70% | 1,630 | $2.77M |
| Unitedhealth Group Inc | 0.3% | Added 3.5% | 6,297 | $2.62M |
| Meta Platforms Inc | 0.3% | Added 17% | 4,522 | $2.55M |
| IT Ishares Tr | 0.2% | New | 23,150 | $2.4M |
| Alphabet Inc | 0.2% | Added 22% | 6,693 | $2.36M |
| SS State Str SPDR S&P 500 ETF T | 0.2% | New | 34,000 | $2.29M |
| PU Proshares Ultra Qqq ETF | 0.2% | Unchanged | 20,750 | $2.01M |
| Netflix Inc. | 0.2% | Trimmed 12% | 28,088 | $2.01M |
| Conocophillips | 0.2% | Trimmed 2.7% | 18,548 | $1.93M |
| DD Danaher Corp Del | 0.2% | Added 45% | 9,994 | $1.91M |
| Nvidia Corporation | 0.2% | Added 317% | 8,647 | $1.73M |
| S&P Global Inc | 0.2% | Added 235% | 4,190 | $1.71M |
| AH Asml Hldg Nv | 0.2% | Added 67% | 823 | $1.64M |
| Humana Inc | 0.2% | Added 38% | 3,884 | $1.55M |
| Sap Se | 0.2% | Added 16% | 9,855 | $1.52M |
| Workday Inc | 0.1% | Added 33% | 11,744 | $1.44M |
| Broadcom Inc | 0.1% | New | 3,634 | $1.37M |
| CO Capital One Finl Corp | 0.1% | Added 2.5% | 6,708 | $1.35M |
| Shopify Inc | 0.1% | Added 17% | 11,748 | $1.34M |
| GA Gallagher Arthur J & Co | 0.1% | Added 74% | 5,056 | $1.16M |
| SH Stubhub Hldgs Inc | 0.1% | New | 80,562 | $1.04M |
| NE Nomura ETF Tr | 0.1% | Added 38% | 14,086 | $1.03M |
| Lennar Corp | 0.1% | Added 0.5% | 11,039 | $999K |
| Micron Technology Inc | 0.1% | New | 800 | $923K |
Showing top 60 of 100 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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IG Ishares Gold Tr | Trimmed | −1,027,378 | −$77.6M | 6.7% |
| SS SPDR Series Trust | Added | +789,899 | +$72.4M | 16.8% |
| VI Vanguard Index Fds | Added | +710,600 | +$61.2M | 7.3% |
| IE Invesco Exchange Traded Fd T | Added | +164,353 | +$35M | 4.3% |
| IT Ishares Tr | Exited | −257,944 | −$30.6M | — |
| VI Vanguard Index Fds | Added | +129,286 | +$28.2M | 16.3% |
| Pershing Square Usa Ltd | New | +601,320 | +$22.5M | 2.3% |
| WT Wisdomtree Tr | Added | +101,949 | +$17.7M | 2.2% |
| ES Ea Series Trust | Added | +210,414 | +$15.4M | 1.6% |
| BE Blackrock ETF Trust Ii | Added | +281,056 | +$14M | 5.7% |
Showing the 10 largest of 119 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IG Ishares Gold Tr | Added | +763,004 | +$67.3M | 21.4% |
| IS Ishares Silver Tr | Exited | −900,242 | −$58M | — |
| WT Wisdomtree Tr | Trimmed | −268,841 | −$42.6M | 0.5% |
| BE Blackrock ETF Trust Ii | New | +822,353 | +$41M | 5.3% |
| IT Ishares Tr | Exited | −847,010 | −$36.3M | — |
| SS Schwab Strategic Tr | New | +1,349,942 | +$30.6M | 3.9% |
| SS SPDR Series Trust | Added | +323,670 | +$29.7M | 11.7% |
| IT Ishares Tr | Added | +241,436 | +$28.6M | 3.9% |
| JP J P Morgan Exchange Traded F | Trimmed | −353,696 | −$25.6M | 1.9% |
| VI Vanguard Index Fds | Trimmed | −46,732 | −$20.4M | 6.5% |
Showing the 10 largest of 82 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Trimmed | −92,228 | −$45M | 10.3% |
| JP J P Morgan Exchange Traded F | Added | +554,518 | +$40.6M | 5.4% |
| DE Dbx ETF Tr | Exited | −823,835 | −$37.9M | — |
| SS SPDR Series Trust | Added | +222,472 | +$20.3M | 7.9% |
| IG Ishares Gold Tr | Added | +232,207 | +$18.8M | 11.9% |
| VI Vanguard Index Fds | Trimmed | −95,062 | −$18.2M | 14.0% |
| IG Ishares Gold Tr | New | +152,381 | +$6.55M | 0.9% |
| Microsoft Corp | Added | +12,082 | +$5.84M | 1.6% |
| Amazon Com Inc | Added | +22,050 | +$5.09M | 0.8% |
| PE Principal Exchange Traded Fd | Added | +247,253 | +$4.72M | 4.3% |
Showing the 10 largest of 79 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Added | +410,635 | +$37.7M | 6.0% |
| DE Dbx ETF Tr | Trimmed | −591,137 | −$27.2M | 5.7% |
| VI Vanguard Index Fds | Trimmed | −140,675 | −$26.4M | 18.3% |
| I Ishares Inc | Exited | −401,493 | −$25.4M | — |
| VI Vanguard Index Fds | Trimmed | −48,212 | −$23.1M | 18.2% |
| JP J P Morgan Exchange Traded F | Exited | −370,860 | −$22.9M | — |
| WT Wisdomtree Tr | Trimmed | −178,262 | −$22.8M | 5.6% |
| LA Lazard Active ETF Tr | New | +555,599 | +$17.4M | 2.6% |
| IT Ishares Tr | Exited | −165,623 | −$13.7M | — |
| IS Ishares Silver Tr | Added | +313,405 | +$13.3M | 5.9% |
Showing the 10 largest of 89 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +881,749 | +$38M | 5.2% |
| VI Vanguard Index Fds | Trimmed | −52,726 | −$23.1M | 18.1% |
| IS Ishares Silver Tr | New | +618,578 | +$20.3M | 2.8% |
| DE Dbx ETF Tr | Added | +446,333 | +$19.7M | 8.5% |
| WT Wisdomtree Tr | Added | +152,751 | +$17.5M | 7.3% |
| JP J P Morgan Exchange Traded F | Added | +225,933 | +$14M | 3.1% |
| IT Ishares Tr | Added | +161,960 | +$13.4M | 1.9% |
| Cameco Corp | Added | +114,368 | +$8.49M | 1.9% |
| 2E 2023 ETF Series Trust | Added | +262,797 | +$7.93M | 3.1% |
| Apple Inc | Exited | −20,475 | −$4.55M | — |
Showing the 10 largest of 75 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IE Invesco Exchange Traded Fd T | Trimmed | −372,768 | −$64.6M | 0.1% |
| PE Principal Exchange Traded Fd | New | +1,380,931 | +$25.8M | 4.7% |
| DE Dbx ETF Tr | Added | +504,746 | +$22.3M | 7.8% |
| VI Vanguard Index Fds | Added | +51,366 | +$19M | 23.9% |
| WT Wisdomtree Tr | Added | +162,390 | +$17.9M | 6.3% |
| IT Ishares Tr | Trimmed | −189,956 | −$15.7M | 0.1% |
| VI Vanguard Index Fds | Added | +81,041 | +$14M | 24.7% |
| I Ishares Inc | Exited | −144,482 | −$9.69M | — |
| 2E 2023 ETF Series Trust | Added | +247,597 | +$6.94M | 2.5% |
| IG Ishares Gold Tr | Trimmed | −112,194 | −$6.61M | 9.4% |
Showing the 10 largest of 64 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +94,557 | +$38.8M | 23.8% |
| I Ishares Inc | Trimmed | −470,844 | −$26.1M | 3.2% |
| IE Invesco Exchange Traded Fd T | Added | +129,537 | +$22.7M | 12.6% |
| DE Dbx ETF Tr | New | +463,893 | +$19.1M | 3.7% |
| IT Ishares Tr | Exited | −490,303 | −$18M | — |
| WT Wisdomtree Tr | Exited | −360,485 | −$16.2M | — |
| IT Ishares Tr | Added | +102,653 | +$8.42M | 3.0% |
| IG Ishares Gold Tr | Added | +130,676 | +$6.47M | 9.3% |
| VI Vanguard Index Fds | Trimmed | −22,881 | −$3.87M | 22.9% |
| I Ishares Inc | Trimmed | −22,786 | −$1.53M | 1.9% |
Showing the 10 largest of 31 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Trimmed | −1,531,323 | −$267M | 25.9% |
| I Ishares Inc | Trimmed | −1,047,168 | −$74.9M | 2.4% |
| VI Vanguard Index Fds | Trimmed | −194,053 | −$74.5M | 16.3% |
| WT Wisdomtree Tr | Trimmed | −593,393 | −$62.9M | 3.1% |
| I Ishares Inc | Trimmed | −919,789 | −$56.2M | 9.6% |
| IE Invesco Exchange Traded Fd T | New | +246,118 | +$44.1M | 9.0% |
| WT Wisdomtree Tr | Trimmed | −597,980 | −$26.8M | 3.3% |
| IT Ishares Tr | Trimmed | −715,376 | −$26.3M | 3.7% |
| IG Ishares Gold Tr | Added | +262,158 | +$13M | 8.6% |
| IT Ishares Tr | New | +90,966 | +$7.56M | 1.5% |
Showing the 10 largest of 53 changes.
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