Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (19 quarters reported)
$304M in Q4 2020 → $7.98B 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 |
|---|---|---|---|---|
| IT Ishares Tr | 14.4% | Added 0.1% | 4,549,815 | $1.15B |
| VW Vanguard World Fd | 10.2% | Added 728% | 6,813,664 | $814M |
| SS Select Sector SPDR Tr | 9.3% | Added 0.3% | 3,881,651 | $740M |
| VW Vanguard World Fd | 4.8% | Added 4.6% | 2,096,665 | $386M |
| VW Vanguard World Fd | 4.7% | Added 3.9% | 1,046,706 | $377M |
| SS Select Sector SPDR Tr | 3.9% | Added 15% | 5,759,931 | $309M |
| SS Select Sector SPDR Tr | 3.7% | Added 3.0% | 2,501,017 | $293M |
| VW Vanguard World Fd | 3.4% | Added 2.9% | 909,110 | $272M |
| SS Select Sector SPDR Tr | 3.0% | Added 11% | 1,311,071 | $243M |
| VW Vanguard World Fd | 2.8% | Added 3.9% | 1,686,235 | $222M |
| SS Select Sector SPDR Tr | 2.3% | Added 19% | 1,148,086 | $182M |
| SS Select Sector SPDR Tr | 2.2% | Trimmed 0.1% | 1,644,665 | $176M |
| VW Vanguard World Fd | 2.0% | Added 2.8% | 407,202 | $162M |
| IT Ishares Tr | 2.0% | Trimmed 0.7% | 1,093,248 | $158M |
| IT Ishares Tr | 1.7% | Added 0.3% | 1,072,262 | $137M |
| VE Vaneck ETF Trust | 1.5% | Added 171% | 3,752,995 | $118M |
| VW Vanguard World Fd | 1.4% | Added 5.8% | 496,263 | $112M |
| SS Select Sector SPDR Tr | 1.2% | Added 0.6% | 1,831,848 | $97.3M |
| IT Ishares Tr | 1.2% | Trimmed 1.8% | 940,197 | $95.1M |
| GX Global X Fds | 1.1% | Added 109% | 2,766,648 | $90.6M |
| IT Ishares Tr | 1.1% | Added 7.4% | 1,567,303 | $88.7M |
| SS Select Sector SPDR Tr | 1.0% | Added 1.5% | 960,549 | $79.8M |
| IT Ishares Tr | 0.9% | Trimmed 1.3% | 1,054,594 | $70.7M |
| SS Select Sector SPDR Tr | 0.9% | Added 5.1% | 1,501,241 | $68.1M |
| IT Ishares Tr | 0.8% | Added 12% | 597,331 | $67.4M |
| IT Ishares Tr | 0.8% | Added 1.1% | 389,701 | $64.9M |
| VW Vanguard World Fd | 0.7% | Added 11% | 392,086 | $58.9M |
| IT Ishares Tr | 0.7% | Added 38% | 482,898 | $57.6M |
| GX Global X Fds | 0.7% | Added 32% | 2,149,911 | $56.4M |
| SS Select Sector SPDR Tr | 0.7% | Added 9.2% | 1,086,212 | $55.2M |
| IT Ishares Tr | 0.7% | Trimmed 11% | 327,192 | $53.5M |
| I Ishares Inc | 0.6% | Added 43% | 717,824 | $49.9M |
| VW Vanguard World Fd | 0.6% | Added 16% | 247,584 | $48.5M |
| I Ishares Inc | 0.6% | Added 14% | 387,880 | $45.4M |
| VE Vaneck ETF Trust | 0.6% | Added 25% | 1,792,511 | $44.5M |
| GX Global X Fds | 0.5% | Added 52% | 1,669,278 | $43.6M |
| SI SPDR Index Shs Fds | 0.5% | Added 7.2% | 612,682 | $42.1M |
| VW Vanguard World Fd | 0.5% | Added 7.1% | 182,352 | $41.7M |
| SS Select Sector SPDR Tr | 0.5% | Added 21% | 947,212 | $41.7M |
| VI Vanguard Index Fds | 0.5% | Added 2.4% | 424,203 | $40.9M |
| I Ishares Inc | 0.5% | Added 30% | 411,934 | $38.4M |
| GX Global X Fds | 0.5% | Added 96% | 1,250,858 | $37.3M |
| IT Ishares Tr | 0.4% | Trimmed 0.8% | 362,421 | $32.8M |
| VE Vaneck ETF Trust | 0.4% | Added 40% | 1,183,807 | $30.7M |
| IQ Invesco Qqq Tr | 0.4% | Added 1.7% | 38,212 | $28.1M |
| IT Ishares Tr | 0.4% | Trimmed 1.4% | 139,478 | $28M |
| IE Invesco Exchange Traded Fd T | 0.3% | Trimmed 5.8% | 388,662 | $25.1M |
| IT Ishares Tr | 0.3% | Trimmed 3.3% | 308,545 | $22.4M |
| IT Ishares Tr | 0.3% | Added 33% | 437,274 | $20.2M |
| I Ishares Inc | 0.2% | Added 41% | 338,838 | $19.5M |
| Apple Inc | 0.2% | Trimmed 3.8% | 60,329 | $17.5M |
| IT Ishares Tr | 0.2% | Trimmed 2.7% | 259,281 | $17.2M |
| JP J P Morgan Exchange Traded F | 0.2% | Added 6.5% | 164,332 | $12.4M |
| Microsoft Corp | 0.2% | Added 9.4% | 33,161 | $12.4M |
| I Ishares Inc | 0.2% | Added 47% | 193,527 | $12.2M |
| IT Ishares Tr | 0.1% | Added 1.9% | 66,502 | $11.9M |
| FT Franklin Templeton ETF Tr | 0.1% | Added 9.6% | 279,455 | $9.86M |
| IT Ishares Tr | 0.1% | Trimmed 2.3% | 50,938 | $9.83M |
| JP J P Morgan Exchange Traded F | 0.1% | Added 0.9% | 91,193 | $9.06M |
| EL Eli Lilly & Co | 0.1% | Added 4.9% | 7,556 | $9.06M |
Showing top 60 of 305 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 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VW Vanguard World Fd | Added | +5,990,317 | +$716M | 10.2% |
| VE Vaneck ETF Trust | Added | +2,366,300 | +$74.3M | 1.5% |
| GX Global X Fds | Added | +1,443,248 | +$47.3M | 1.1% |
| IT Ishares Tr | Trimmed | −372,180 | −$42.7M | 0.1% |
| SS Select Sector SPDR Tr | Added | +754,560 | +$40.5M | 3.9% |
| SS Select Sector SPDR Tr | Added | +186,837 | +$29.6M | 2.3% |
| SS Select Sector SPDR Tr | Added | +130,304 | +$24.1M | 3.0% |
| GX Global X Fds | Added | +612,147 | +$18.2M | 0.5% |
| VW Vanguard World Fd | Added | +91,329 | +$16.8M | 4.8% |
| IT Ishares Tr | Added | +133,970 | +$16M | 0.7% |
Showing the 10 largest of 301 changes.
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Trimmed | −5,085,812 | −$251M | 3.9% |
| VW Vanguard World Fd | Trimmed | −354,989 | −$96.7M | 3.8% |
| SS Select Sector SPDR Tr | Trimmed | −840,694 | −$91.6M | 4.1% |
| SS Select Sector SPDR Tr | Added | +541,610 | +$72M | 8.0% |
| IT Ishares Tr | Added | +479,550 | +$56.4M | 2.0% |
| IT Ishares Tr | Trimmed | −238,274 | −$41.9M | 0.2% |
| IT Ishares Tr | Added | +191,049 | +$34.7M | 12.9% |
| VE Vaneck ETF Trust | New | +1,428,576 | +$34.5M | 0.5% |
| GX Global X Fds | Trimmed | −865,154 | −$23.8M | 0.3% |
| IT Ishares Tr | Added | +370,188 | +$22.8M | 1.0% |
Showing the 10 largest of 263 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Added | +1,672,719 | +$241M | 7.1% |
| SS Select Sector SPDR Tr | Added | +1,662,795 | +$199M | 5.8% |
| IT Ishares Tr | Trimmed | −1,228,945 | −$82.2M | 0.3% |
| SS Select Sector SPDR Tr | Added | +853,509 | +$38.2M | 1.1% |
| IT Ishares Tr | Trimmed | −364,784 | −$34.2M | 0.1% |
| VE Vaneck ETF Trust | Added | +1,174,345 | +$31.1M | 0.6% |
| SS Select Sector SPDR Tr | Added | +620,389 | +$26.5M | 0.8% |
| GX Global X Fds | Added | +824,585 | +$24.5M | 0.7% |
| VW Vanguard World Fd | Trimmed | −84,852 | −$24.4M | 5.3% |
| SS Select Sector SPDR Tr | Added | +423,681 | +$19.2M | 0.6% |
Showing the 10 largest of 247 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | New | +10,078,273 | +$543M | 8.2% |
| SS Select Sector SPDR Tr | New | +1,656,686 | +$467M | 7.0% |
| SS Select Sector SPDR Tr | New | +1,191,511 | +$184M | 2.8% |
| SS Select Sector SPDR Tr | New | +798,027 | +$71.3M | 1.1% |
| SS Select Sector SPDR Tr | New | +618,903 | +$54M | 0.8% |
| GX Global X Fds | New | +1,522,821 | +$41.3M | 0.6% |
| SS Select Sector SPDR Tr | Trimmed | −210,626 | −$29.3M | 1.9% |
| VW Vanguard World Fd | Added | +34,125 | +$25.5M | 9.2% |
| GX Global X Fds | New | +679,280 | +$18.9M | 0.3% |
| Apple Inc | Trimmed | −73,431 | −$18.7M | 0.2% |
Showing the 10 largest of 256 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VW Vanguard World Fd | Added | +255,787 | +$170M | 10.7% |
| IT Ishares Tr | Trimmed | −982,346 | −$90.7M | 1.8% |
| VW Vanguard World Fd | Added | +317,681 | +$78.9M | 6.9% |
| IT Ishares Tr | Added | +322,218 | +$36.2M | 0.9% |
| IT Ishares Tr | Trimmed | −166,216 | −$28.8M | 15.6% |
| VW Vanguard World Fd | Added | +157,783 | +$27M | 6.9% |
| SS Select Sector SPDR Tr | Added | +120,430 | +$26.2M | 7.1% |
| VW Vanguard World Fd | Added | +66,554 | +$24.1M | 2.7% |
| VW Vanguard World Fd | Added | +160,299 | +$20.4M | 3.6% |
| VW Vanguard World Fd | Added | +87,452 | +$19.2M | 2.0% |
Showing the 10 largest of 244 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Exited | −8,851,109 | −$428M | — |
| SS Select Sector SPDR Tr | Exited | −1,356,251 | −$315M | — |
| SS Select Sector SPDR Tr | Exited | −998,985 | −$132M | — |
| IT Ishares Tr | Added | +534,897 | +$40.5M | 3.5% |
| SS Select Sector SPDR Tr | Exited | −459,781 | −$39.4M | — |
| SS Select Sector SPDR Tr | Exited | −440,351 | −$33.3M | — |
| IT Ishares Tr | Added | +192,008 | +$27M | 15.2% |
| SS Select Sector SPDR Tr | Added | +119,968 | +$17.5M | 4.4% |
| VW Vanguard World Fd | Trimmed | −31,506 | −$17.1M | 6.8% |
| IT Ishares Tr | Added | +137,864 | +$15.6M | 1.7% |
Showing the 10 largest of 247 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Select Sector SPDR Tr | Added | +146,242 | +$34M | 6.2% |
| VW Vanguard World Fd | Added | +47,529 | +$29.6M | 6.8% |
| IT Ishares Tr | Trimmed | −183,739 | −$29.3M | 13.5% |
| VW Vanguard World Fd | Added | +78,193 | +$16.5M | 1.6% |
| VW Vanguard World Fd | Trimmed | −62,520 | −$15.9M | 5.0% |
| SS Select Sector SPDR Tr | Added | +102,482 | +$14.1M | 3.1% |
| SS Select Sector SPDR Tr | Trimmed | −132,749 | −$11.4M | 0.8% |
| VW Vanguard World Fd | Added | +27,630 | +$10.4M | 2.2% |
| VW Vanguard World Fd | Added | +66,404 | +$10.3M | 5.5% |
| SS Select Sector SPDR Tr | Added | +184,203 | +$8.9M | 8.4% |
Showing the 10 largest of 247 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +625,793 | +$51.6M | 2.4% |
| SS Select Sector SPDR Tr | Added | +445,112 | +$20.2M | 7.9% |
| IT Ishares Tr | Added | +166,586 | +$14.6M | 1.6% |
| SS Select Sector SPDR Tr | Added | +172,013 | +$14.3M | 1.8% |
| SS Select Sector SPDR Tr | Added | +104,287 | +$14.1M | 2.7% |
| SS Select Sector SPDR Tr | Added | +90,450 | +$13.9M | 3.3% |
| IT Ishares Tr | Trimmed | −82,976 | −$12.6M | 13.9% |
| IQ Invesco Qqq Tr | Added | +25,069 | +$12.2M | 0.6% |
| VW Vanguard World Fd | Added | +77,555 | +$11.3M | 5.2% |
| VW Vanguard World Fd | Added | +95,777 | +$10.5M | 2.5% |
Showing the 10 largest of 243 changes.
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