Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (41 quarters reported)
$156M in Q4 2013 → $13.3B 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 |
|---|---|---|---|---|
| V Vanguard | 4.6% | Unchanged | 6,789,918 | $612M |
| IE Invesco Exch Traded Fd Tr Ii | 4.5% | Added 2.2% | 1,958,347 | $597M |
| SS Schwab Strategic Tr | 4.3% | Trimmed 8.0% | 15,701,296 | $564M |
| SS SPDR Series Trust | 4.0% | Added 1.7% | 4,285,401 | $527M |
| V Vanguard | 3.3% | Added 4.9% | 3,489,842 | $439M |
| FC Fidelity Covington Tr | 3.1% | Added 4.5% | 9,026,817 | $407M |
| V Vanguard | 3.0% | Unchanged | 4,295,085 | $398M |
| I Ishares Inc | 3.0% | Trimmed 2.9% | 4,050,327 | $392M |
| I Ishares Inc | 2.8% | Trimmed 0.0% | 3,875,227 | $366M |
| IE Invesco Exch Traded Fd Tr Ii | 2.7% | Added 4.6% | 2,332,531 | $354M |
| V Vanguard | 2.6% | Added 2.8% | 2,246,463 | $349M |
| SS SPDR Series Trust | 2.6% | Trimmed 1.0% | 3,848,040 | $345M |
| I Ishares Inc | 2.5% | Added 3.0% | 4,138,111 | $336M |
| V Vanguard | 2.4% | Trimmed 1.1% | 4,559,792 | $322M |
| V Vanguard | 2.4% | Added 3.2% | 1,076,476 | $314M |
| I Ishares Inc | 2.3% | Added 6.9% | 2,248,524 | $310M |
| SS SPDR Series Trust | 2.3% | Trimmed 1.1% | 6,145,216 | $309M |
| IE Invesco Exch Traded Fd Tr Ii | 2.1% | Added 2.7% | 2,212,489 | $285M |
| I Ishares Inc | 2.1% | Trimmed 2.1% | 2,943,606 | $276M |
| IE Invesco Exchange Traded Fd T | 2.0% | Trimmed 6.8% | 3,203,395 | $269M |
| I Ishares Inc | 2.0% | Added 5.1% | 6,451,326 | $268M |
| SS SPDR Series Trust | 2.0% | Unchanged | 4,302,423 | $263M |
| AC American Centy ETF Tr | 1.9% | Trimmed 2.2% | 2,856,709 | $257M |
| I Ishares Inc | 1.9% | Trimmed 1.4% | 326,056 | $250M |
| AC American Centy ETF Tr | 1.9% | Added 10% | 2,638,372 | $248M |
| I Ishares Inc | 1.9% | Added 18% | 3,461,477 | $248M |
| SS Schwab Strategic Tr | 1.8% | Trimmed 5.5% | 7,324,375 | $244M |
| I Ishares Inc | 1.8% | Unchanged | 3,114,188 | $235M |
| GS Goldman Sachs ETF Tr | 1.8% | Trimmed 6.9% | 5,093,612 | $233M |
| V Vanguard | 1.6% | Trimmed 1.1% | 619,621 | $218M |
| SS Schwab Strategic Tr | 1.6% | Trimmed 1.1% | 7,250,850 | $218M |
| V Vanguard | 1.5% | Unchanged | 909,566 | $197M |
| V Vanguard | 1.5% | Trimmed 8.1% | 2,071,575 | $196M |
| V Vanguard | 1.3% | Trimmed 0.8% | 625,173 | $176M |
| SS SPDR Series Trust | 1.3% | Added 1.6% | 7,601,390 | $172M |
| V Vanguard | 1.2% | Trimmed 5.4% | 1,202,540 | $164M |
| I Ishares Inc | 1.2% | Unchanged | 2,039,385 | $159M |
| SS SPDR Series Trust | 1.1% | Unchanged | 3,315,128 | $150M |
| SS SPDR Series Trust | 1.0% | Added 3.9% | 2,518,842 | $130M |
| V Vanguard | 1.0% | Trimmed 22% | 2,175,982 | $129M |
| V Vanguard | 1.0% | Added 2.9% | 644,339 | $126M |
| I Ishares Inc | 1.0% | Added 2.9% | 783,511 | $126M |
| IE Invesco Exchange Traded Fd T | 0.9% | Trimmed 14% | 1,103,851 | $123M |
| V Vanguard | 0.9% | Added 3.0% | 1,137,581 | $122M |
| V Vanguard | 0.9% | Unchanged | 733,157 | $118M |
| IE Invesco Exchange Traded Fd T | 0.9% | Trimmed 11% | 786,810 | $115M |
| I Ishares Inc | 0.7% | Added 2.9% | 1,046,977 | $96.1M |
| V Vanguard | 0.6% | Added 0.4% | 526,633 | $79.4M |
| IE Invesco Exch Traded Fd Tr Ii | 0.6% | Added 2.9% | 552,944 | $76.5M |
| SS SPDR Series Trust | 0.5% | Trimmed 1.4% | 1,205,117 | $63.7M |
| FC Fidelity Covington Tr | 0.5% | Trimmed 3.0% | 1,363,198 | $61.3M |
| SS Schwab Strategic Tr | 0.5% | Trimmed 7.5% | 1,874,222 | $61.2M |
| V Vanguard | 0.4% | Trimmed 1.6% | 206,960 | $58.9M |
| I Ishares Inc | 0.4% | Trimmed 3.3% | 644,804 | $53.9M |
| SS Schwab Strategic Tr | 0.4% | Trimmed 6.1% | 1,356,355 | $47.5M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 26, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS Schwab Strategic Tr | Trimmed | −1,366,198 | −$49.1M | 4.3% |
| I Ishares Inc | Added | +539,164 | +$38.6M | 1.9% |
| V Vanguard | Trimmed | −605,501 | −$35.9M | 1.0% |
| AC American Centy ETF Tr | Added | +244,724 | +$23M | 1.9% |
| V Vanguard | Added | +162,628 | +$20.4M | 3.3% |
| I Ishares Inc | Added | +144,540 | +$19.9M | 2.3% |
| IE Invesco Exchange Traded Fd T | Trimmed | −235,146 | −$19.8M | 2.0% |
| IE Invesco Exchange Traded Fd T | Trimmed | −176,694 | −$19.7M | 0.9% |
| FC Fidelity Covington Tr | Added | +392,817 | +$17.7M | 3.1% |
| GS Goldman Sachs ETF Tr | Trimmed | −379,146 | −$17.4M | 1.8% |
Showing the 10 largest of 47 changes.
quarter ended June 30, 2026 · filed August 05, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| V Vanguard | Added | +5,636,058 | +$485M | 4.4% |
| V Vanguard | Added | +2,855,921 | +$341M | 3.0% |
| V Vanguard | Added | +3,436,068 | +$302M | 2.8% |
| IE Invesco Exch Traded Fd Tr Ii | Trimmed | −182,962 | −$29.6M | 2.7% |
| V Vanguard | Trimmed | −154,792 | −$11M | 2.5% |
| IE Invesco Exchange Traded Fd T | Trimmed | −62,661 | −$10.7M | 1.1% |
| IE Invesco Exchange Traded Fd T | Added | +116,877 | +$10.5M | 2.3% |
| SS Schwab Strategic Tr | Trimmed | −301,244 | −$10.5M | 2.0% |
| SS SPDR Series Trust | Trimmed | −96,098 | −$8.45M | 2.6% |
| SS SPDR Series Trust | Trimmed | −157,884 | −$7.96M | 2.3% |
Showing the 10 largest of 39 changes.
quarter ended March 31, 2026 · filed May 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Ishares Inc | Trimmed | −687,327 | −$68.2M | 3.3% |
| V Vanguard | Trimmed | −82,249 | −$57.4M | 2.8% |
| IE Invesco Exch Traded Fd Tr Ii | Trimmed | −194,437 | −$46.2M | 3.9% |
| V Vanguard | Trimmed | −207,523 | −$40.7M | 1.5% |
| V Vanguard | Trimmed | −261,509 | −$32.7M | 1.4% |
| I Ishares Inc | Added | +47,787 | +$31.2M | 1.9% |
| V Vanguard | Added | +65,967 | +$28.8M | 4.3% |
| V Vanguard | Added | +480,569 | +$26M | 1.3% |
| IE Invesco Exchange Traded Fd T | Trimmed | −143,684 | −$20.8M | 1.2% |
| I Ishares Inc | Trimmed | −228,125 | −$20.7M | 3.2% |
Showing the 10 largest of 47 changes.
quarter ended December 31, 2025 · filed January 27, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Trimmed | −851,290 | −$36.8M | 1.2% |
| SS Schwab Strategic Tr | Added | +1,038,388 | +$33.9M | 4.5% |
| I Ishares Inc | Added | +276,466 | +$24.7M | 3.2% |
| IE Invesco Exch Traded Fd Tr Ii | Trimmed | −164,631 | −$19.6M | 2.4% |
| V Vanguard | Added | +41,203 | +$17M | 2.9% |
| FC Fidelity Covington Tr | Added | +402,930 | +$16.8M | 2.9% |
| V Vanguard | Added | +22,202 | +$16.7M | 3.4% |
| V Vanguard | Trimmed | −85,430 | −$16.3M | 1.7% |
| IE Invesco Exchange Traded Fd T | Trimmed | −109,776 | −$15.2M | 1.2% |
| I Ishares Inc | Added | +97,799 | +$13.4M | 2.2% |
Showing the 10 largest of 45 changes.
quarter ended September 30, 2025 · filed October 31, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IE Invesco Exch Traded Fd Tr Ii | New | +2,177,166 | +$538M | 4.4% |
| SS Schwab Strategic Tr | New | +16,029,106 | +$511M | 4.2% |
| V Vanguard | Added | +1,066,150 | +$511M | 4.2% |
| SS SPDR Series Trust | New | +4,488,013 | +$469M | 3.8% |
| V Vanguard | New | +531,340 | +$397M | 3.2% |
| I Ishares Inc | New | +4,184,118 | +$365M | 3.0% |
| FC Fidelity Covington Tr | New | +8,231,070 | +$338M | 2.8% |
| V Vanguard | New | +833,920 | +$336M | 2.7% |
| SS SPDR Series Trust | New | +4,091,668 | +$321M | 2.6% |
| IE Invesco Exch Traded Fd Tr Ii | New | +2,619,913 | +$317M | 2.6% |
Showing the 10 largest of 56 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Ishares | Added | +357,150 | +$222M | 32.6% |
| I Ishares | Trimmed | −722,000 | −$71.6M | 29.6% |
| V Vanguard | Trimmed | −236,900 | −$18.8M | 0.3% |
| V Vanguard | Exited | −133,300 | −$10.4M | — |
| I Ishares | Exited | −187,500 | −$9.82M | — |
| SS SPDR Series Trust | Added | +162,350 | +$3.86M | 17.8% |
| V Vanguard | Trimmed | −17,300 | −$3.06M | 0.7% |
| I Ishares | Trimmed | −7,000 | −$618K | 18.5% |
quarter ended March 31, 2025 · filed April 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | New | +7,307,320 | +$171M | 19.5% |
| I Ishares | Added | +449,800 | +$44.5M | 41.7% |
| V Vanguard | Added | +160,900 | +$12.7M | 2.5% |
| V Vanguard | Added | +100,000 | +$7.83M | 1.2% |
| I Ishares | Added | +130,800 | +$6.85M | 1.1% |
quarter ended December 31, 2024 · filed January 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Ishares | Trimmed | −213,040 | −$125M | 15.7% |
| I Ishares | Added | +800,000 | +$77.5M | 50.5% |
| I Ishares | Trimmed | −372,100 | −$32.5M | 29.4% |
| V Vanguard | Trimmed | −58,490 | −$24M | 0.6% |
| I Ishares | Exited | −27,415 | −$10.3M | — |
| V Vanguard | Trimmed | −36,300 | −$6.15M | 1.5% |
| I Ishares | Exited | −12,300 | −$2.33M | — |
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