Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (36 quarters reported)
$643M in Q4 2017 → $1.75B 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 |
|---|---|---|---|---|
| VI Vanguard Index Fds | 13.7% | Added 0.4% | 1,227,780 | $240M |
| VI Vanguard Index Fds | 12.4% | Trimmed 2.3% | 2,403,760 | $217M |
| VI Vanguard Index Fds | 12.0% | Trimmed 1.2% | 969,840 | $210M |
| VI Vanguard Index Fds | 11.5% | Added 3.5% | 689,650 | $201M |
| IT Ishares Tr | 6.3% | Trimmed 4.1% | 680,980 | $109M |
| VI Vanguard Index Fds | 6.2% | Added 0.7% | 466,502 | $108M |
| IT Ishares Tr | 5.6% | Trimmed 7.9% | 394,433 | $97.8M |
| IT Ishares Tr | 5.5% | Added 4.3% | 765,350 | $95.9M |
| IT Ishares Tr | 5.0% | Added 13% | 633,950 | $87.3M |
| SS SPDR Series Trust | 4.6% | Added 11% | 2,928,146 | $79.9M |
| VI Vanguard Index Fds | 2.9% | Trimmed 0.5% | 148,433 | $50.1M |
| IT Ishares Tr | 2.8% | Trimmed 1.2% | 231,073 | $48.4M |
| SS SPDR Series Trust | 2.7% | Added 8.9% | 1,440,070 | $46.5M |
| SS Schwab Strategic Tr | 2.4% | Added 9.9% | 1,649,265 | $41.4M |
| SS Schwab Strategic Tr | 2.3% | Added 6.2% | 1,712,575 | $40.9M |
| IT Ishares Tr | 1.2% | Trimmed 18% | 61,038 | $21.8M |
| I Ishares Inc | 1.1% | Trimmed 5.7% | 247,274 | $20.1M |
| IT Ishares Tr | 1.0% | Added 5.9% | 327,286 | $16.8M |
| IT Ishares Tr | 0.9% | Trimmed 2.0% | 162,493 | $15.7M |
| IT Ishares Tr | 0.0% | Unchanged | 13,985 | $714K |
| IT Ishares Tr | 0.0% | Unchanged | 6,188 | $502K |
| VS Vanguard Scottsdale Fds | 0.0% | Unchanged | 8,305 | $471K |
| IT Ishares Tr | 0.0% | Unchanged | 3,878 | $440K |
| SS SPDR Series Trust | 0.0% | Unchanged | 12,491 | $370K |
| VS Vanguard Scottsdale Fds | 0.0% | Unchanged | 3,577 | $276K |
| VS Vanguard Scottsdale Fds | 0.0% | Unchanged | 3,208 | $251K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 09, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +70,933 | +$9.77M | 5.0% |
| IT Ishares Tr | Trimmed | −33,700 | −$8.36M | 5.6% |
| SS SPDR Series Trust | Added | +278,275 | +$7.59M | 4.6% |
| VI Vanguard Index Fds | Added | +23,323 | +$6.81M | 11.5% |
| VI Vanguard Index Fds | Trimmed | −57,105 | −$5.15M | 12.4% |
| IT Ishares Tr | Trimmed | −13,577 | −$4.85M | 1.2% |
| IT Ishares Tr | Trimmed | −28,996 | −$4.66M | 6.3% |
| IT Ishares Tr | Added | +31,579 | +$3.96M | 5.5% |
| SS SPDR Series Trust | Added | +117,263 | +$3.79M | 2.7% |
| SS Schwab Strategic Tr | Added | +149,027 | +$3.75M | 2.4% |
Showing the 10 largest of 19 changes.
quarter ended June 30, 2026 · filed July 16, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +2,051,291 | +$177M | 12.0% |
| IT Ishares Tr | Added | +551,523 | +$68.5M | 5.1% |
| SS SPDR Series Trust | Added | +111,918 | +$3.18M | 4.3% |
| SS Schwab Strategic Tr | Added | +71,449 | +$1.89M | 2.2% |
| SS SPDR Series Trust | Added | +56,418 | +$1.89M | 2.5% |
| VI Vanguard Index Fds | Added | +6,008 | +$1.84M | 11.5% |
| IT Ishares Tr | Added | +12,027 | +$1.76M | 4.7% |
| SS Schwab Strategic Tr | Added | +68,144 | +$1.64M | 2.2% |
| IT Ishares Tr | Trimmed | −3,683 | −$815K | 2.9% |
| VI Vanguard Index Fds | Trimmed | −3,403 | −$742K | 12.1% |
Showing the 10 largest of 26 changes.
quarter ended March 31, 2026 · filed April 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +205,546 | +$52.9M | 10.8% |
| VI Vanguard Index Fds | Added | +91,866 | +$40.1M | 11.4% |
| VI Vanguard Index Fds | Added | +117,119 | +$21.6M | 14.3% |
| SS SPDR Series Trust | Trimmed | −735,515 | −$21.1M | 4.6% |
| VI Vanguard Index Fds | Added | +81,618 | +$17.7M | 6.4% |
| SS Schwab Strategic Tr | Trimmed | −533,280 | −$12.9M | 2.4% |
| SS SPDR Series Trust | Trimmed | −377,222 | −$12.7M | 2.7% |
| VI Vanguard Index Fds | Added | +31,474 | +$9.51M | 2.9% |
| SS Schwab Strategic Tr | Trimmed | −288,489 | −$7.68M | 2.4% |
| IT Ishares Tr | Trimmed | −84,633 | −$4.45M | 1.0% |
Showing the 10 largest of 20 changes.
quarter ended December 31, 2025 · filed January 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +7,008 | +$1.96M | 8.5% |
| VI Vanguard Index Fds | Added | +7,764 | +$1.38M | 13.1% |
| VI Vanguard Index Fds | Added | +5,085 | +$971K | 12.4% |
| VI Vanguard Index Fds | Added | +1,473 | +$719K | 10.4% |
| VI Vanguard Index Fds | Added | +2,676 | +$567K | 5.4% |
| IT Ishares Tr | Trimmed | −972 | −$460K | 5.7% |
| SS Schwab Strategic Tr | Added | +12,233 | +$324K | 3.0% |
| VI Vanguard Index Fds | Added | +949 | +$287K | 2.4% |
| IT Ishares Tr | Added | +2,053 | +$281K | 4.9% |
| SS SPDR Series Trust | Added | +7,129 | +$241K | 3.7% |
Showing the 10 largest of 20 changes.
quarter ended September 30, 2025 · filed October 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Added | +67,587 | +$19.9M | 8.9% |
| VI Vanguard Index Fds | Added | +64,966 | +$19.3M | 2.3% |
| VI Vanguard Index Fds | Trimmed | −94,056 | −$16.4M | 12.9% |
| VI Vanguard Index Fds | Trimmed | −75,260 | −$15.7M | 5.3% |
| IT Ishares Tr | Added | +41,000 | +$13.1M | 1.6% |
| VI Vanguard Index Fds | Trimmed | −24,284 | −$11.6M | 10.2% |
| IT Ishares Tr | Trimmed | −60,088 | −$10.6M | 2.9% |
| SS SPDR Series Trust | Added | +325,705 | +$9.41M | 6.4% |
| IT Ishares Tr | Trimmed | −17,646 | −$8.27M | 5.7% |
| VI Vanguard Index Fds | Added | +37,582 | +$7.01M | 12.1% |
Showing the 10 largest of 28 changes.
quarter ended June 30, 2025 · filed July 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VS Vanguard Scottsdale Fds | Exited | −646,593 | −$37.3M | — |
| SS Schwab Strategic Tr | Added | +1,486,385 | +$36.2M | 3.3% |
| VI Vanguard Index Fds | Added | +98,460 | +$16.2M | 14.1% |
| VI Vanguard Index Fds | Added | +80,555 | +$14.2M | 11.8% |
| VI Vanguard Index Fds | Added | +31,815 | +$13.9M | 10.7% |
| SS SPDR Series Trust | Trimmed | −476,946 | −$13.7M | 6.1% |
| VI Vanguard Index Fds | Added | +49,790 | +$9.71M | 6.4% |
| VI Vanguard Index Fds | Added | +32,362 | +$9.2M | 7.8% |
| IT Ishares Tr | Added | +12,924 | +$5.49M | 6.0% |
| SS Schwab Strategic Tr | Trimmed | −195,528 | −$5.22M | 3.0% |
Showing the 10 largest of 34 changes.
quarter ended March 31, 2025 · filed April 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Trimmed | −102,602 | −$25.1M | 6.9% |
| VI Vanguard Index Fds | Added | +106,194 | +$18.3M | 11.8% |
| VI Vanguard Index Fds | Added | +109,095 | +$17.5M | 14.1% |
| SS SPDR Ser Tr | Added | +548,311 | +$15.7M | 7.9% |
| VS Vanguard Scottsdale Fds | Added | +221,286 | +$12.7M | 3.0% |
| SS Schwab Strategic Tr | Trimmed | −396,582 | −$9.65M | 0.8% |
| SS SPDR Ser Tr | Added | +263,027 | +$8.74M | 4.4% |
| IT Ishares Tr | Added | +64,211 | +$7.54M | 4.8% |
| IT Ishares Tr | Added | +45,864 | +$6.92M | 3.3% |
| IT Ishares Tr | Added | +17,408 | +$6.29M | 5.4% |
Showing the 10 largest of 32 changes.
quarter ended December 31, 2024 · filed January 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Schwab Strategic Tr | Added | +872,511 | +$22.5M | 3.7% |
| SS Schwab Strategic Tr | Added | +395,540 | +$9.52M | 1.6% |
| SS Schwab Strategic Tr | Added | +90,944 | +$2.21M | 0.2% |
| SS SPDR Ser Tr | Added | +32,302 | +$901K | 6.7% |
| VI Vanguard Index Fds | Added | +4,966 | +$841K | 10.5% |
| VI Vanguard Index Fds | Added | +4,724 | +$764K | 13.2% |
| VS Vanguard Scottsdale Fds | Added | +13,104 | +$725K | 2.0% |
| SS SPDR Ser Tr | Added | +21,231 | +$696K | 3.8% |
| VS Vanguard Scottsdale Fds | Added | +8,318 | +$668K | 0.1% |
| VI Vanguard Index Fds | Trimmed | −1,330 | −$546K | 10.9% |
Showing the 10 largest of 33 changes.
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