Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (49 quarters reported)
$93.4M in Q4 2010 → $686M 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 | 38.8% | Trimmed 5.3% | 355,690 | $266M |
| IT Ishares Tr | 27.9% | New | 5,163,600 | $191M |
| SS SPDR Series Trust | 6.6% | New | 1,932,100 | $45.3M |
| DE Dbx ETF Tr | 5.8% | New | 1,093,400 | $39.9M |
| SS SPDR Series Trust | 4.6% | New | 330,000 | $31.8M |
| IT Ishares Tr | 3.6% | New | 309,000 | $24.7M |
| IT Ishares Tr | 2.4% | New | 603,900 | $16.5M |
| VT Vanguard Tax-managed Fds | 1.5% | New | 141,799 | $10.1M |
| BE Bondbloxx ETF Trust | 1.0% | New | 161,700 | $6.63M |
| PE Pgim ETF Tr | 1.0% | Unchanged | 127,430 | $6.53M |
| VB Vanguard Bd Index Fds | 0.8% | New | 72,000 | $5.29M |
| NL Northern Lights Fd Tr | 0.8% | Added 70% | 135,882 | $5.25M |
| IT Ishares Tr | 0.8% | New | 52,026 | $5.15M |
| IT Ishares Tr | 0.3% | Unchanged | 41,228 | $2.1M |
| BE Blackrock ETF Trust Ii | 0.3% | Unchanged | 40,500 | $2.1M |
| SS Select Sector SPDR Tr | 0.2% | New | 8,700 | $1.66M |
| Broadcom Inc | 0.2% | New | 4,198 | $1.59M |
| SS Select Sector SPDR Tr | 0.2% | New | 8,600 | $1.36M |
| BE Bondbloxx ETF Trust | 0.2% | New | 35,800 | $1.31M |
| SS Select Sector SPDR Tr | 0.2% | New | 6,500 | $1.2M |
| SS Select Sector SPDR Tr | 0.2% | New | 21,600 | $1.16M |
| Apple Inc | 0.2% | New | 3,974 | $1.15M |
| SS Select Sector SPDR Tr | 0.1% | New | 9,600 | $1.03M |
| SS Select Sector SPDR Tr | 0.1% | New | 8,700 | $1.02M |
| Microsoft Corp | 0.1% | New | 2,077 | $775K |
| IT Ishares Tr | 0.1% | New | 6,355 | $744K |
| Jpmorgan Chase & Co | 0.1% | New | 1,799 | $589K |
| Nvidia Corporation | 0.1% | New | 2,392 | $479K |
| VW Vanguard World Fd | 0.1% | New | 5,121 | $450K |
| SS SPDR Series Trust | 0.1% | New | 3,499 | $416K |
| Altria Group Inc | 0.1% | New | 5,776 | $416K |
| SS Select Sector SPDR Tr | 0.1% | New | 9,400 | $414K |
| Walmart Inc | 0.1% | New | 3,555 | $403K |
| NL Northern Lights Fd Tr | 0.1% | New | 15,675 | $398K |
| Amazon Com Inc | 0.1% | New | 1,668 | $398K |
| PM Philip Morris Intl Inc | 0.1% | New | 2,159 | $391K |
| VI Vanguard Index Fds | 0.1% | New | 512 | $352K |
| VS Vanguard Scottsdale Fds | 0.1% | New | 2,699 | $345K |
| BO Bank Of Amer Corp | 0.0% | New | 5,805 | $331K |
| Alphabet Inc | 0.0% | New | 920 | $329K |
| ST Seagate Technology Hldngs Pl | 0.0% | New | 306 | $295K |
| SS Select Sector SPDR Tr | 0.0% | New | 6,500 | $295K |
| IQ Invesco Qqq Tr | 0.0% | Trimmed 1.8% | 392 | $289K |
| Home Depot Inc | 0.0% | New | 782 | $276K |
| Western Digital Corp | 0.0% | New | 399 | $255K |
| Unitedhealth Group Inc | 0.0% | New | 598 | $249K |
| CS Cisco Sys Inc | 0.0% | New | 1,913 | $225K |
| Meta Platforms Inc | 0.0% | New | 379 | $213K |
| MI Mondelez Intl Inc | 0.0% | New | 3,559 | $206K |
| SS Select Sector SPDR Tr | 0.0% | New | 3,600 | $183K |
| AM Applied Matls Inc | 0.0% | New | 253 | $183K |
| Netflix Inc. | 0.0% | New | 2,453 | $175K |
| MP Marathon Pete Corp | 0.0% | New | 675 | $173K |
| Palantir Technologies Inc | 0.0% | New | 1,471 | $172K |
| WC Williams Cos Inc | 0.0% | New | 2,132 | $158K |
| SS Select Sector SPDR Tr | 0.0% | New | 2,900 | $154K |
| Eaton Corp PLC | 0.0% | New | 360 | $153K |
| Conocophillips | 0.0% | New | 1,465 | $152K |
| Corning Inc | 0.0% | New | 577 | $147K |
| Qualcomm Inc | 0.0% | New | 786 | $145K |
Showing top 60 of 151 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 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +5,163,600 | +$191M | 27.9% |
| SS SPDR Series Trust | New | +1,932,100 | +$45.3M | 6.6% |
| DE Dbx ETF Tr | New | +1,093,400 | +$39.9M | 5.8% |
| SS SPDR Series Trust | New | +330,000 | +$31.8M | 4.6% |
| IT Ishares Tr | New | +309,000 | +$24.7M | 3.6% |
| IT Ishares Tr | New | +603,900 | +$16.5M | 2.4% |
| IT Ishares Tr | Trimmed | −20,060 | −$15M | 38.8% |
| VT Vanguard Tax-managed Fds | New | +141,799 | +$10.1M | 1.5% |
| BE Bondbloxx ETF Trust | New | +161,700 | +$6.63M | 1.0% |
| VB Vanguard Bd Index Fds | New | +72,000 | +$5.29M | 0.8% |
Showing the 10 largest of 148 changes.
quarter ended March 31, 2026 · filed May 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Exited | −5,719,000 | −$214M | — |
| SS SPDR Series Trust | Exited | −1,655,700 | −$39.2M | — |
| DE Dbx ETF Tr | Exited | −911,900 | −$33.6M | — |
| SS SPDR Series Trust | Exited | −329,000 | −$32M | — |
| IT Ishares Tr | Trimmed | −38,250 | −$25M | 94.7% |
| VT Vanguard Tax-managed Fds | Exited | −381,059 | −$23.8M | — |
| IT Ishares Tr | Exited | −256,000 | −$20.6M | — |
| IT Ishares Tr | Exited | −566,900 | −$15.5M | — |
| IT Ishares Tr | Exited | −56,024 | −$5.6M | — |
| VB Vanguard Bd Index Fds | Exited | −75,500 | −$5.59M | — |
Showing the 10 largest of 15 changes.
quarter ended December 31, 2025 · filed January 30, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −581,000 | −$21.7M | 31.1% |
| SS SPDR Series Trust | Trimmed | −155,500 | −$15.1M | 4.7% |
| SS SPDR Series Trust | Added | +429,200 | +$10.2M | 5.7% |
| IT Ishares Tr | Added | +109,000 | +$8.79M | 3.0% |
| DE Dbx ETF Tr | Added | +160,600 | +$5.91M | 4.9% |
| IT Ishares Tr | Trimmed | −2,990 | −$2.05M | 41.2% |
| VT Vanguard Tax-managed Fds | Trimmed | −27,030 | −$1.69M | 3.5% |
| IT Ishares Tr | Added | +15,800 | +$431K | 2.3% |
| NL Northern Lights Fd Tr | Added | +11,580 | +$426K | 0.4% |
| PE Pgim ETF Tr | Trimmed | −7,997 | −$410K | 1.0% |
Showing the 10 largest of 15 changes.
quarter ended September 30, 2025 · filed October 24, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −361,300 | −$29.3M | 1.7% |
| SS SPDR Series Trust | Added | +239,200 | +$5.73M | 4.2% |
| IT Ishares Tr | Added | +151,000 | +$5.7M | 34.0% |
| IT Ishares Tr | Added | +204,000 | +$5.67M | 2.2% |
| SS SPDR Series Trust | Trimmed | −47,000 | −$4.61M | 6.8% |
| DE Dbx ETF Tr | Added | +123,200 | +$4.57M | 4.0% |
| IT Ishares Tr | Added | +6,050 | +$4.05M | 39.9% |
| VT Vanguard Tax-managed Fds | Trimmed | −24,492 | −$1.47M | 3.5% |
| VB Vanguard Bd Index Fds | Trimmed | −9,100 | −$677K | 0.9% |
| IT Ishares Tr | Trimmed | −6,700 | −$672K | 0.8% |
Showing the 10 largest of 15 changes.
quarter ended June 30, 2025 · filed July 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +6,149,000 | +$231M | 33.6% |
| IT Ishares Tr | Added | +98,410 | +$61.1M | 37.1% |
| SS SPDR Series Trust | New | +531,500 | +$51.7M | 7.5% |
| IT Ishares Tr | New | +508,300 | +$41M | 6.0% |
| SS SPDR Series Trust | New | +987,300 | +$23.5M | 3.4% |
| DE Dbx ETF Tr | New | +628,100 | +$23.2M | 3.4% |
| IT Ishares Tr | New | +347,100 | +$9.42M | 1.4% |
| PE Pgim ETF Tr | New | +146,527 | +$7.54M | 1.1% |
| JD Janus Detroit Str Tr | Exited | −141,516 | −$7.18M | — |
| VT Vanguard Tax-managed Fds | Trimmed | −51,986 | −$2.96M | 3.6% |
Showing the 10 largest of 16 changes.
quarter ended March 31, 2025 · filed May 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +45,550 | +$25.6M | 77.6% |
| VT Vanguard Tax-managed Fds | Added | +476,070 | +$24.2M | 10.9% |
| IT Ishares Tr | New | +62,213 | +$6.15M | 2.7% |
| VB Vanguard Bd Index Fds | New | +83,318 | +$6.12M | 2.7% |
| JD Janus Detroit Str Tr | Added | +36,492 | +$1.85M | 3.2% |
| NL Northern Lights Fd Tr | Added | +34,886 | +$1.1M | 0.8% |
| IT Ishares Tr | Added | +12,487 | +$637K | 1.1% |
| BE Blackrock ETF Trust Ii | Added | +10,600 | +$549K | 1.1% |
| VI Vanguard Index Fds | Exited | −1,080 | −$443K | — |
| VI Vanguard Index Fds | Exited | −2,073 | −$351K | — |
Showing the 10 largest of 11 changes.
quarter ended December 31, 2024 · filed February 04, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Exited | −4,257,100 | −$160M | — |
| IT Ishares Tr | Added | +205,300 | +$121M | 93.4% |
| VI Vanguard Index Fds | Exited | −210,500 | −$111M | — |
| SS SPDR Ser Tr | Exited | −1,111,000 | −$109M | — |
| VB Vanguard Bd Index Fds | Exited | −1,015,774 | −$76.3M | — |
| IT Ishares Tr | Exited | −752,700 | −$76.2M | — |
| IT Ishares Tr | Exited | −787,000 | −$63.2M | — |
| SS SPDR Ser Tr | Exited | −2,250,100 | −$54.1M | — |
| VT Vanguard Tax-managed Fds | Trimmed | −652,958 | −$31.2M | 0.2% |
| DE Dbx ETF Tr | Exited | −196,500 | −$7.25M | — |
Showing the 10 largest of 17 changes.
quarter ended September 30, 2024 · filed October 25, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VB Vanguard Bd Index Fds | Added | +946,500 | +$71.1M | 10.2% |
| IT Ishares Tr | Added | +701,400 | +$71M | 10.2% |
| IT Ishares Tr | Trimmed | −248,000 | −$19.9M | 8.5% |
| IT Ishares Tr | Added | +31,680 | +$18.3M | 4.8% |
| VT Vanguard Tax-managed Fds | Trimmed | −320,211 | −$16.9M | 4.7% |
| VI Vanguard Index Fds | Trimmed | −14,240 | −$7.51M | 14.9% |
| IT Ishares Tr | Trimmed | −78,900 | −$4.03M | 0.3% |
| JD Janus Detroit Str Tr | Added | +70,600 | +$3.59M | 0.7% |
| IT Ishares Tr | Trimmed | −25,000 | −$941K | 21.5% |
| SS SPDR Ser Tr | Trimmed | −30,000 | −$722K | 7.3% |
Showing the 10 largest of 14 changes.
Loading...
