Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (20 quarters reported)
$181M in Q4 2021 → $587M 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 | 60.0% | Added 28% | 460,000 | $352M |
| SS State Str SPDR S&P 500 ETF T Put | 23.4% | Added 13% | 180,000 | $137M |
| SS State Str SPDR S&P 500 ETF T | 16.2% | Trimmed 32% | 125,000 | $95.3M |
| ES ETF Ser Solutions | 0.3% | Unchanged | 20,000 | $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 | +100,000 | +$76.6M | 60.0% |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −60,000 | −$45.8M | 16.2% |
| SS State Str SPDR S&P 500 ETF T | Added | +20,000 | +$15.3M | 23.4% |
quarter ended June 30, 2026 · filed July 23, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | Trimmed | −85,000 | −$63.5M | 26.1% |
| IT Ishares Tr | Added | +65,000 | +$48.7M | 50.9% |
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +84,500 | +$55.2M | 40.6% |
| SS State Str SPDR S&P 500 ETF T | Added | +10,000 | +$6.5M | 21.9% |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −5,000 | −$3.25M | 37.0% |
| Alphabet Inc | Exited | −2,220 | −$695K | — |
| Apple Inc | Exited | −967 | −$263K | — |
| PM Philip Morris Intl Inc | Exited | −1,360 | −$218K | — |
| S&P Global Inc | Exited | −414 | −$216K | — |
| Firstenergy Corp | Exited | −4,800 | −$215K | — |
| Salesforce Inc | Exited | −786 | −$208K | — |
| Visa Inc | Exited | −591 | −$207K | — |
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +60,000 | +$41.1M | 37.1% |
| SS SPDR S&P 500 ETF Tr | Added | +25,000 | +$17M | 48.3% |
| SS SPDR S&P 500 ETF Tr | Added | +15,000 | +$5.26M | 13.5% |
| IE Invesco Exchange Traded Fd T | Exited | −26,300 | −$4.99M | — |
| ES ETF Ser Solutions | Trimmed | −10,000 | −$1M | 0.5% |
| Centerpoint Energy Inc | Exited | −5,710 | −$222K | — |
| Salesforce Inc | New | +786 | +$208K | 0.1% |
| Equifax Inc | Exited | −794 | −$204K | — |
| Boston Scientific Corp | Exited | −2,050 | −$200K | — |
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Trimmed | −65,000 | −$43.3M | 45.3% |
| IT Ishares Tr | Added | +45,500 | +$30.5M | 27.4% |
| SS SPDR S&P 500 ETF Tr | Added | +10,000 | +$6.66M | 24.5% |
| IE Invesco Exchange Traded Fd T | New | +26,300 | +$4.99M | 1.4% |
| Rayonier Inc | Exited | −175,720 | −$3.9M | — |
| Planet Labs Pbc | Exited | −500,700 | −$3.05M | — |
| Meta Platforms Inc | Exited | −600 | −$443K | — |
| Amazon Com Inc | Exited | −1,780 | −$391K | — |
| Broadcom Inc | Exited | −1,160 | −$320K | — |
| Exxon Mobil Corp | Exited | −2,800 | −$302K | — |
Showing the 10 largest of 18 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +101,500 | +$63M | 18.5% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −95,000 | −$58.7M | 55.4% |
| Planet Labs Pbc | Trimmed | −579,400 | −$3.53M | 0.9% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −5,000 | −$3.09M | 22.0% |
| Broadcom Inc | New | +1,160 | +$320K | 0.1% |
| Netflix Inc | New | +192 | +$257K | 0.1% |
| Jpmorgan Chase & Co. | New | +772 | +$224K | 0.1% |
| Apple Inc | Exited | −967 | −$215K | — |
| Equifax Inc | New | +794 | +$206K | 0.1% |
quarter ended March 31, 2025 · filed May 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Added | +40,000 | +$22.4M | 92.3% |
| Rayonier Inc | Trimmed | −144,280 | −$4.02M | 2.0% |
| Meta Platforms Inc | New | +600 | +$346K | 0.1% |
| Alphabet Inc | New | +2,220 | +$343K | 0.1% |
| Amazon Com Inc | New | +1,780 | +$339K | 0.1% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −20,000 | −$338K | 0.9% |
| Walmart Inc | New | +2,565 | +$225K | 0.1% |
| Shell PLC | New | +3,000 | +$220K | 0.1% |
| PM Philip Morris Intl Inc | New | +1,360 | +$216K | 0.1% |
| Apple Inc | New | +967 | +$215K | 0.1% |
Showing the 10 largest of 17 changes.
quarter ended December 31, 2024 · filed February 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Added | +15,000 | +$8.79M | 91.6% |
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