DaveManuel.com · Institutional Ownership · 13F Holdings

SIGMA INVESTMENT COUNSELORS INC

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

1085163

Reported value

$2.1B

Positions

218

Top 10 weight

50.2%

Filed

2026-10-27

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IVV	$408.6M	533,533	19.11%	-0.23pp	32q	+0.6%+$2.6M
VANGUARD TAX-MANAGED FDS	VEA	$165.7M	2,347,348	7.75%	-0.05pp	32q	+4.5%+$7.1M
ISHARES TR	IJH	$142.4M	1,979,430	6.66%	-0.47pp	32q	+4.3%+$5.9M
ISHARES TR	IJR	$75.7M	556,428	3.54%	-0.35pp	32q	+3.3%+$2.4M
VANGUARD INDEX FDS	VTV	$58.7M	271,643	2.75%	flat	31q	+5.1%+$2.8M
VANGUARD INTL EQUITY INDEX F	VWO	$50.4M	850,586	2.36%	flat	32q	+4.7%+$2.3M
INVESCO EXCHANGE TRADED FD T	RSP	$46.1M	221,822	2.16%	-0.01pp	4q	+6.1%+$2.7M
ISHARES TR	STIP	$42.7M	428,034	2.00%	-0.08pp	20q	+2.7%+$1.1M
ISHARES TR	IWB	$42.6M	102,305	1.99%	-0.07pp	32q	-1.2%-$510.2K
SPDR SERIES TRUST	SJNK	$40.4M	1,664,109	1.89%	-0.16pp	32q	-1.0%-$427.4K
APPLE INC	AAPL	$38.7M	116,239	1.81%	+0.40pp	32q	+15.9%+$5.3M
ISHARES TR	IBDW	$38.0M	1,892,603	1.78%	-0.15pp	15q	HELD
ISHARES TR	IBDX	$36.9M	1,532,902	1.73%	-0.22pp	12q	-3.3%-$1.3M
ISHARES TR	IBDY	$36.2M	1,478,685	1.69%	-0.16pp	8q	HELD
ISHARES TR	IBDU	$35.8M	1,576,944	1.67%	-0.09pp	8q	+1.0%+$352.3K
ISHARES TR	IBDV	$35.2M	1,663,394	1.64%	-0.12pp	16q	HELD
NVIDIA CORPORATION	NVDA	$35.0M	153,329	1.64%	+0.33pp	32q	+14.0%+$4.3M
ISHARES TR	IBDT	$33.7M	1,352,078	1.58%	-0.07pp	24q	+1.1%+$378.8K
ISHARES TR	IBDS	$32.7M	1,355,196	1.53%	-0.04pp	28q	DEBT
ISHARES TR	IBDZ	$31.7M	1,288,129	1.48%	-0.17pp	6q	-1.2%-$393.3K
ISHARES TR	IBDR	$27.8M	1,148,835	1.30%	-0.05pp	30q	DEBT
ISHARES TR	IWR	$27.7M	259,589	1.30%	-0.01pp	32q	+7.3%+$1.9M
MICROSOFT CORP	MSFT	$26.7M	52,111	1.25%	+0.38pp	32q	+8.9%+$2.2M
ISHARES TR	IEFA	$23.9M	246,437	1.12%	flat	32q	+4.1%+$948.6K
INVESCO QQQ TR	QQQ	$22.5M	30,477	1.05%	+0.15pp	32q	+20.5%+$3.8M
VANGUARD INDEX FDS	VTI	$21.6M	57,806	1.01%	+0.11pp	32q	+15.1%+$2.8M
AMAZON COM INC	AMZN	$19.9M	79,703	0.93%	+0.12pp	32q	+14.6%+$2.5M
JPMORGAN CHASE & CO	JPM	$16.7M	50,594	0.78%	+0.05pp	32q	+10.4%+$1.6M
CATERPILLAR INC	CAT	$16.5M	20,333	0.77%	-0.19pp	32q	+9.6%+$1.4M
ISHARES TR	IWM	$16.4M	58,847	0.76%	-0.04pp	32q	+6.5%+$1.0M
ARES CAPITAL CORP	ARCC	$15.6M	818,336	0.73%	+0.03pp	13q	+4.8%+$710.9K
META PLATFORMS INC	META	$14.4M	19,828	0.67%	+0.22pp	32q	+21.5%+$2.5M
ALPHABET INC	GOOGL	$12.5M	36,216	0.58%	+0.01pp	24q	+9.5%+$1.1M
GOLUB CAP BDC INC	GBDC	$12.3M	973,116	0.57%	flat	7q	+5.5%+$640.1K
COSTCO WHOLESALE CORPORATION	COST	$11.8M	12,996	0.55%	+0.02pp	32q	+10.1%+$1.1M
STATE STR SPDR S&P 500 ETF T	SPY	$11.7M	15,360	0.55%	-0.02pp	32q	-1.5%-$183.0K
STRYKER CORPORATION	SYK	$11.0M	39,936	0.51%	-0.10pp	32q	HELD
SYNOPSYS INC	SNPS	$10.6M	24,448	0.50%	+0.05pp	32q	+18.6%+$1.7M
CROWDSTRIKE HLDGS INC	CRWD	$10.6M	39,882	0.49%	+0.15pp	3q	+8.4%+$814.9K
UNITED RENTALS INC	URI	$10.2M	10,236	0.48%	-0.04pp	24q	+8.6%+$814.7K
ISHARES GOLD TRUST MICRO	IAUM	$10.1M	243,975	0.47%	+0.01pp	5q	+2.0%+$197.0K
TJX COS INC NEW	TJX	$9.8M	74,386	0.46%	-0.03pp	32q	+12.2%+$1.1M
GOLDMAN SACHS GROUP INC	GS	$9.4M	10,400	0.44%	-0.08pp	32q	-0.9%-$82.8K
ISHARES GOLD TR	IAU	$9.2M	117,852	0.43%	+0.01pp	22q	+3.0%+$270.9K
ABBVIE INC	ABBV	$9.0M	34,537	0.42%	+0.04pp	32q	+10.6%+$863.0K
VANGUARD WHITEHALL FDS	VYM	$8.9M	57,360	0.42%	-0.01pp	32q	+3.7%+$319.4K
ARISTA NETWORKS INC	ANET	$8.9M	43,673	0.42%	+0.10pp	8q	+12.7%+$1.0M
ISHARES INC	IEMG	$8.4M	103,658	0.39%	-0.01pp	32q	+4.7%+$380.6K
VANGUARD SCOTTSDALE FDS	VCIT	$8.0M	102,112	0.37%	flat	32q	+9.7%+$707.5K
GALLAGHER ARTHUR J CO	AJG	$7.2M	31,392	0.33%	+0.03pp	32q	+16.7%+$1.0M
VANGUARD SCOTTSDALE FDS	VCSH	$6.9M	89,422	0.32%	+0.02pp	32q	+15.3%+$917.3K
KLA CORP	KLAC	$6.8M	34,861	0.32%	-0.14pp	10q	+10.8%+$660.0K
INTUITIVE SURGICAL INC	ISRG	$6.7M	16,418	0.31%	+0.02pp	32q	+10.3%+$624.2K
VISA INC	V	$6.6M	18,295	0.31%	+0.03pp	15q	+11.7%+$688.8K
EXXONMOBIL HOLDINGS CORP	XOM	$6.5M	40,114	0.31%	-	new	NEW
NUCOR CORP	NUE	$6.4M	27,494	0.30%	-0.01pp	32q	-5.1%-$342.4K
VANGUARD INDEX FDS	VOO	$6.4M	9,099	0.30%	flat	32q	+0.6%+$36.4K
BROADCOM INC	AVGO	$6.3M	17,980	0.30%	-0.01pp	24q	+8.0%+$466.0K
ISHARES TR	SHYG	$6.2M	149,933	0.29%	+0.07pp	26q	+38.3%+$1.7M
SNAP ON INC	SNA	$6.2M	16,942	0.29%	-0.01pp	32q	+10.2%+$570.8K
ISHARES TR	ITOT	$6.0M	36,149	0.28%	+0.05pp	23q	+23.7%+$1.2M
UNITEDHEALTH GROUP INC	UNH	$5.8M	15,787	0.27%	+0.06pp	32q	+53.1%+$2.0M
COCA COLA CO	KO	$5.7M	66,670	0.27%	+0.02pp	32q	+6.1%+$327.6K
LOWES COS INC	LOW	$5.7M	30,990	0.27%	-0.04pp	32q	+7.3%+$390.9K
SCHWAB STRATEGIC TR	SCHX	$5.7M	189,950	0.27%	+0.10pp	32q	+62.3%+$2.2M
SELECT SECTOR SPDR TR	XLK	$5.7M	29,000	0.27%	+0.02pp	32q	+11.3%+$577.5K
DANAHER CORP DEL	DHR	$5.7M	25,589	0.27%	+0.05pp	32q	+11.5%+$585.3K
UNITED PARCEL SVCS INC	UPS	$5.5M	58,774	0.26%	-0.05pp	32q	HELD
SELECT SECTOR SPDR TR	XLE	$5.4M	88,097	0.25%	+0.05pp	32q	+12.8%+$616.5K
ISHARES TR	IWF	$5.1M	41,009	0.24%	-0.01pp	32q	-1.6%-$85.7K
VERTEX PHARMACEUTICALS INC	VRTX	$5.1M	9,806	0.24%	+0.02pp	24q	+7.9%+$374.8K
ISHARES TR	EFA	$4.9M	47,296	0.23%	+0.02pp	32q	+14.2%+$611.9K
TRANSDIGM GROUP INC	TDG	$4.7M	4,371	0.22%	+0.01pp	11q	+32.1%+$1.1M
CENCORA INC	COR	$4.7M	15,576	0.22%	+0.04pp	32q	+17.1%+$682.2K
PROCTER & GAMBLE CO	PG	$4.7M	32,183	0.22%	+0.01pp	32q	+8.4%+$362.5K
NEXTERA ENERGY INC	NEE	$4.6M	60,557	0.21%	-0.02pp	20q	+9.6%+$402.8K
SERVICENOW INC	NOW	$4.4M	33,155	0.21%	+0.04pp	5q	-4.3%-$198.5K
EATON CORP PLC	ETN	$4.2M	9,798	0.20%	+0.01pp	23q	+7.7%+$301.2K
SCHWAB STRATEGIC TR	SCHB	$4.1M	141,287	0.19%	+0.09pp	32q	+85.6%+$1.9M
PROLOGIS INC.	PLD	$3.8M	29,293	0.18%	+0.01pp	27q	+13.0%+$437.7K
INVESCO EXCHANGE TRADED FD T	PRF	$3.3M	60,560	0.15%	-0.01pp	32q	-2.9%-$99.3K
APOLLO GLOBAL MGMT INC	APO	$3.3M	28,174	0.15%	flat	6q	+8.3%+$250.5K
SLB LIMITED	SLB	$3.2M	64,702	0.15%	+0.01pp	8q	+3.9%+$118.7K
KINDER MORGAN INC DEL	KMI	$2.9M	96,957	0.14%	flat	30q	+10.7%+$282.1K
INVESCO EXCH TRD SLF IDX FD	BSCY	$2.9M	148,946	0.14%	-	new	NEW
DOLLAR GEN CORP	DG	$2.9M	24,111	0.13%	-	new	NEW
ISHARES TR	TIP	$2.8M	27,147	0.13%	flat	32q	+6.7%+$176.3K
ISHARES TR	IVE	$2.7M	12,021	0.13%	flat	32q	HELD
PUBLIC STORAGE	PSA	$2.7M	9,696	0.13%	-0.01pp	14q	+9.9%+$247.8K
ISHARES TR	SUB	$2.7M	25,998	0.13%	+0.01pp	26q	+11.6%+$283.5K
ALPHABET INC	GOOG	$2.6M	7,571	0.12%	-0.01pp	24q	-0.7%-$19.1K
BERKSHIRE HATHAWAY INC DEL	BRKB	$2.5M	4,972	0.12%	+0.01pp	32q	+13.5%+$294.3K
INVESCO EXCH TRD SLF IDX FD	BSCW	$2.2M	112,630	0.10%	-	new	NEW
JOHNSON & JOHNSON	JNJ	$2.1M	7,837	0.10%	flat	32q	-3.6%-$77.0K
ISHARES TR	IDEV	$2.0M	22,459	0.09%	flat	32q	+5.2%+$100.0K
VANGUARD WORLD FD	VGT	$1.9M	15,180	0.09%	+0.03pp	7q	+43.2%+$575.3K
INVESCO EXCH TRD SLF IDX FD	BSCX	$1.8M	92,227	0.09%	+0.06pp	8q	+337.0%+$1.4M
PROGRESSIVE CORP	PGR	$1.7M	8,142	0.08%	-0.02pp	24q	-11.8%-$225.3K
SELECT SECTOR SPDR TR	XLF	$1.7M	31,562	0.08%	+0.01pp	32q	+11.8%+$178.4K
SELECT SECTOR SPDR TR	XLC	$1.6M	14,683	0.08%	flat	16q	+2.3%+$36.1K
TESLA INC	TSLA	$1.6M	4,571	0.08%	-0.04pp	28q	-15.8%-$303.7K
ELI LILLY & CO	LLY	$1.6M	1,357	0.07%	flat	32q	+3.2%+$48.6K
ISHARES TR	IWD	$1.6M	6,259	0.07%	flat	32q	HELD
SCHWAB STRATEGIC TR	SCHF	$1.5M	55,921	0.07%	+0.03pp	32q	+80.6%+$685.6K
LENNOX INTL INC	LII	$1.4M	3,918	0.07%	-0.04pp	32q	HELD
COPART INC	CPRT	$1.4M	50,691	0.06%	flat	4q	+0.9%+$12.7K
SCHWAB STRATEGIC TR	SCHM	$1.3M	39,303	0.06%	+0.02pp	32q	+63.0%+$517.0K
ISHARES TR	IVW	$1.3M	8,860	0.06%	flat	24q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCV	$1.2M	78,890	0.06%	+0.04pp	13q	+352.7%+$969.3K
RTX CORPORATION	RTX	$1.2M	6,633	0.06%	-0.01pp	26q	-7.8%-$104.9K
DTE ENERGY CO	DTE	$1.2M	9,837	0.06%	flat	32q	+38.0%+$330.2K
SCHWAB STRATEGIC TR	SCHA	$1.1M	34,930	0.05%	+0.02pp	32q	+101.4%+$573.9K
ISHARES TR	ESGD	$1.1M	10,193	0.05%	flat	24q	HELD
CHEVRON CORPORATION	CVX	$1.0M	5,107	0.05%	+0.01pp	32q	+6.6%+$64.9K
AMERICAN EXPRESS CO	AXP	$1.0M	3,376	0.05%	flat	32q	+29.1%+$231.1K
MICRON TECHNOLOGY INC	MU	$1.0M	954	0.05%	-0.01pp	4q	-8.6%-$95.9K
ORACLE CORP	ORCL	$991.4K	7,221	0.05%	-0.01pp	32q	-2.7%-$28.0K
DECKERS OUTDOOR CORP	DECK	$894.3K	11,445	0.04%	-0.02pp	8q	-4.8%-$44.9K
HOME DEPOT INC	HD	$852.2K	2,996	0.04%	-0.02pp	32q	-12.1%-$116.9K
XPO INC	XPO	$796.1K	4,524	0.04%	-0.01pp	18q	HELD
LINCOLN ELEC HLDGS INC	LECO	$793.7K	3,000	0.04%	flat	24q	HELD
SELECT SECTOR SPDR TR	XLV	$788.0K	4,679	0.04%	+0.02pp	30q	+111.1%+$414.6K
VANGUARD INTL EQUITY INDEX F	VEU	$747.7K	9,012	0.03%	-	new	NEW
TIMOTHY PLAN	TPLC	$737.0K	15,233	0.03%	flat	10q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCU	$726.2K	44,996	0.03%	+0.02pp	13q	+99.7%+$362.5K
ISHARES TR	IGV	$702.9K	6,601	0.03%	-	new	NEW
MERCK & CO INC	MRK	$701.9K	4,831	0.03%	-0.01pp	24q	-23.7%-$218.2K
VANGUARD INDEX FDS	VBK	$690.5K	2,044	0.03%	+0.01pp	24q	+47.7%+$223.0K
SPDR SERIES TRUST	XME	$658.4K	6,357	0.03%	+0.02pp	24q	+207.1%+$444.0K
MARATHON PETE CORP	MPC	$643.2K	1,627	0.03%	+0.01pp	13q	HELD
VANGUARD INDEX FDS	VXF	$641.6K	2,770	0.03%	+0.01pp	24q	+76.4%+$278.0K
COREWEAVE INC	CRWV	$636.4K	7,305	0.03%	-	new	NEW
SELECT SECTOR SPDR TR	XLI	$633.5K	3,794	0.03%	flat	9q	+6.9%+$40.9K
TARGET CORP	TGT	$628.8K	4,013	0.03%	+0.02pp	2q	+158.1%+$385.1K
SCHWAB STRATEGIC TR	SCHD	$624.7K	19,203	0.03%	flat	24q	+8.7%+$50.1K
BANK OF AMER CORP	BAC	$622.0K	11,427	0.03%	flat	24q	-5.4%-$35.2K
ADVANCED MICRO DEVICES INC	AMD	$621.4K	1,016	0.03%	flat	2q	+0.8%+$4.9K
INTEL CORP	INTC	$585.5K	4,870	0.03%	-0.03pp	3q	-42.7%-$435.7K
ROPER TECHNOLOGIES INC	ROP	$582.8K	1,668	0.03%	+0.01pp	32q	+55.2%+$207.2K
VANGUARD INDEX FDS	VUG	$580.1K	6,438	0.03%	+0.01pp	14q	+33.5%+$145.4K
PALANTIR TECHNOLOGIES INC	PLTR	$570.3K	3,049	0.03%	+0.02pp	6q	+63.2%+$220.9K
SELECT SECTOR SPDR TR	XLY	$558.1K	5,128	0.03%	+0.02pp	2q	+196.4%+$369.8K
DT MIDSTREAM INC	DTM	$547.9K	4,586	0.03%	flat	11q	+38.8%+$153.3K
INVESCO EXCH TRD SLF IDX FD	BSCS	$543.6K	27,012	0.03%	+0.01pp	13q	+70.3%+$224.5K
VANGUARD MUN BD FDS	VTEB	$532.7K	11,248	0.02%	flat	24q	HELD
VANGUARD MALVERN FDS	VTIP	$528.9K	10,746	0.02%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCT	$521.2K	28,637	0.02%	+0.01pp	13q	+79.4%+$230.6K
ISHARES TR	ICF	$517.3K	8,224	0.02%	flat	32q	+5.2%+$25.8K
VANGUARD INDEX FDS	VB	$508.4K	1,787	0.02%	+0.01pp	2q	+148.5%+$303.9K
CISCO SYS INC	CSCO	$507.2K	4,713	0.02%	-0.01pp	9q	-13.9%-$81.9K
ISHARES TR	IJK	$504.8K	4,605	0.02%	+0.01pp	6q	+55.8%+$180.9K
SPDR GOLD TR	GLD	$485.6K	1,275	0.02%	flat	30q	+10.4%+$45.7K
VANGUARD INDEX FDS	VO	$481.2K	6,136	0.02%	flat	32q	-5.2%-$26.6K
ISHARES TR	IJJ	$479.5K	3,482	0.02%	flat	24q	HELD
PHILIP MORRIS INTL INC	PM	$477.6K	2,503	0.02%	-0.01pp	22q	-26.7%-$174.0K
ISHARES TR	SOXX	$473.6K	833	0.02%	flat	8q	+22.0%+$85.3K
ENTERGY CORP NEW	ETR	$469.3K	4,728	0.02%	flat	6q	HELD
DEERE CO	DE	$461.4K	687	0.02%	flat	18q	+1.0%+$4.7K
ISHARES INC	ESGE	$434.6K	8,024	0.02%	flat	24q	HELD
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$433.8K	951	0.02%	flat	2q	+18.9%+$68.9K
STATE STR SPDR S&P MIDCAP 40	MDY	$432.8K	659	0.02%	flat	32q	-6.4%-$29.6K
SPDR SERIES TRUST	XSD	$432.5K	817	0.02%	flat	6q	HELD
PALO ALTO NETWORKS INC	PANW	$418.0K	1,052	0.02%	+0.01pp	2q	+39.9%+$119.2K
PEPSICO INC	PEP	$400.2K	3,158	0.02%	-0.01pp	24q	-18.1%-$88.7K
PFIZER INC	PFE	$394.7K	13,839	0.02%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCR	$388.8K	19,890	0.02%	flat	12q	+9.9%+$35.1K
SCHWAB STRATEGIC TR	SCHE	$382.7K	10,500	0.02%	flat	24q	+32.8%+$94.6K
MASTERCARD INCORPORATED	MA	$382.0K	693	0.02%	flat	16q	-2.7%-$10.5K
WALMART INC	WMT	$379.8K	3,654	0.02%	flat	9q	-5.4%-$21.5K
INVESCO EXCH TRD SLF IDX FD	BSCQ	$374.7K	19,198	0.02%	flat	16q	-2.5%-$9.5K
SOUTHERN CO	SO	$372.8K	4,498	0.02%	-0.01pp	24q	-12.4%-$52.6K
GRACO INC	GGG	$370.1K	4,817	0.02%	flat	15q	HELD
PARKER HANNIFIN CORP	PH	$365.2K	382	0.02%	flat	2q	+37.9%+$100.4K
BP PLC	BP	$362.0K	8,229	0.02%	flat	19q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$359.2K	3,675	0.02%	-0.02pp	12q	-54.9%-$437.3K
LOCKHEED MARTIN CORP	LMT	$352.5K	692	0.02%	flat	24q	-1.4%-$5.1K
DISNEY WALT CO	DIS	$344.7K	3,286	0.02%	flat	32q	-8.3%-$31.0K
VANGUARD SPECIALIZED FUNDS	VIG	$335.3K	1,437	0.02%	-	new	NEW
DUKE ENERGY CORP NEW	DUK	$334.3K	2,932	0.02%	flat	24q	+15.0%+$43.6K
ISHARES TR	MUB	$330.0K	3,264	0.02%	flat	22q	-11.5%-$43.1K
GE VERNOVA INC	GEV	$325.4K	342	0.02%	flat	4q	+3.0%+$9.5K
NETFLIX INC.	NFLX	$322.8K	4,639	0.02%	flat	11q	+18.5%+$50.4K
ISHARES TR	IJT	$319.4K	1,992	0.01%	-	new	NEW
ISHARES TR	IWO	$314.1K	880	0.01%	flat	26q	HELD
ISHARES TR	SCZ	$311.1K	3,685	0.01%	-	new	NEW
ISHARES TR	DVY	$305.7K	2,010	0.01%	flat	24q	+11.0%+$30.4K
ISHARES TR	IBCA	$301.4K	12,520	0.01%	-	new	NEW
PHILLIPS 66	PSX	$300.0K	1,175	0.01%	flat	3q	-1.6%-$4.9K
KROGER CO	KR	$297.3K	5,071	0.01%	flat	23q	-0.6%-$1.7K
ISHARES TR	IYW	$282.4K	1,066	0.01%	flat	6q	HELD
ISHARES TR	IWS	$277.0K	1,723	0.01%	flat	12q	HELD
ISHARES TR	EEM	$276.7K	4,143	0.01%	flat	32q	-21.8%-$77.1K
CONSOLIDATED EDISON INC	ED	$276.7K	2,707	0.01%	flat	17q	HELD
ECOLAB INC	ECL	$276.0K	1,005	0.01%	flat	6q	HELD
VANGUARD INDEX FDS	VOT	$271.1K	928	0.01%	flat	9q	HELD
EAGLE CAP GROWTH FD INC	GRF	$264.1K	26,381	0.01%	flat	14q	+14.1%+$32.7K
AMGEN INC	AMGN	$250.7K	595	0.01%	-0.02pp	2q	-62.7%-$421.4K
ITT INC	ITT	$248.2K	1,230	0.01%	-	new	NEW
T ROWE PRICE EXCHANGE-TRADED	TCAF	$246.9K	5,841	0.01%	flat	2q	HELD
GE AEROSPACE	GE	$246.6K	790	0.01%	-0.08pp	6q	-83.7%-$1.3M
VANGUARD INDEX FDS	VOE	$243.6K	1,246	0.01%	flat	4q	+10.2%+$22.5K
ISHARES TR	IBMT	$242.7K	9,840	0.01%	-0.01pp	4q	-32.7%-$118.1K
AUTOMATIC DATA PROCESSING IN	ADP	$242.6K	940	0.01%	-0.01pp	2q	-58.6%-$343.2K
ISHARES INC	EMXC	$242.3K	2,446	0.01%	-	new	NEW
ISHARES TR	IWN	$241.9K	1,155	0.01%	flat	22q	HELD
BOEING CO	BA	$240.6K	1,293	0.01%	flat	32q	-8.2%-$21.4K
ISHARES TR	IWP	$239.7K	1,741	0.01%	flat	9q	HELD
COLGATE PALMOLIVE CO	CL	$235.1K	2,756	0.01%	flat	18q	HELD
CITIGROUP INC	C	$231.5K	1,788	0.01%	-0.01pp	2q	-49.4%-$226.4K
INTERNATIONAL BUSINESS MACHS	IBM	$229.4K	1,043	0.01%	-0.01pp	2q	-18.8%-$53.0K
ISHARES TR	IUSG	$226.9K	1,171	0.01%	flat	2q	+0.9%+$2.1K
TIMOTHY PLAN	TPIF	$222.8K	6,004	0.01%	flat	4q	+2.4%+$5.2K
ACCENTURE PLC IRELAND	ACN	$222.1K	1,211	0.01%	-	new	NEW
VANGUARD ADMIRAL FDS INC	VOOG	$220.6K	2,581	0.01%	-	new	NEW
BRISTOL-MYERS SQUIBB CO	BMY	$212.5K	3,406	0.01%	-	new	NEW
US BANCORP	USB	$210.8K	3,649	0.01%	flat	2q	-13.3%-$32.3K
STERIS PLC	STE	$204.8K	975	0.01%	flat	14q	HELD
VANGUARD INDEX FDS	VBR	$202.3K	876	0.01%	flat	2q	+2.9%+$5.8K

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Software & IT Services	$84.2M	3.9%
Retail & Consumer	$53.7M	2.5%
Computer Hardware	$48.8M	2.3%
Semiconductors & Electronics	$44.6M	2.1%
Funds & ETFs	$40.3M	1.9%
Capital Markets	$32.8M	1.5%
Other sectors	$202.4M	9.5%
Not classified	$1.6B	76.3%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	-0.9%	+2.1%	-3.0%	97%
Q2 2026	+10.4%	+14.8%	-4.4%	97%
Q1 2026	-1.9%	-4.6%	+2.7%	97%
Q4 2025	+1.5%	+2.4%	-0.8%	96%
Q3 2025	+5.7%	+7.8%	-2.1%	96%
Q2 2025	+7.2%	+10.5%	-3.3%	95%
Q1 2025	-2.5%	-4.6%	+2.1%	95%
Q4 2024	-0.7%	+2.1%	-2.9%	94%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$2.1B	218	18	121	46	18	50.2%	27
Q2 2026	$2.1B	218	30	42	101	6	51.6%	28
Q1 2026	$1.9B	194	3	33	112	11	51.3%	29
Q4 2025	$2.0B	202	9	42	90	5	50.6%	34
Q3 2025	$1.9B	198	6	43	71	4	51.2%	29
Q2 2025	$1.8B	196	12	121	31	3	51.1%	29
Q1 2025	$1.6B	187	2	33	127	12	51.4%	30
Q4 2024	$1.7B	197	12	53	69	13	51.7%	35
Q3 2024	$1.7B	198	12	67	50	5	51.4%	23
Q2 2024	$1.6B	191	5	59	61	8	51.1%	25
Q1 2024	$1.6B	194	9	48	72	9	50.9%	25
Q4 2023	$1.4B	194	9	53	76	7	52.1%	22
Q3 2023	$1.3B	192	8	61	68	6	51.8%	24
Q2 2023	$1.4B	190	7	69	55	7	52.1%	21
Q1 2023	$1.3B	190	11	51	70	3	52.1%	28
Q4 2022	$1.2B	182	10	43	83	9	53.0%	27
Q3 2022	$1.2B	181	4	54	56	5	52.4%	24
Q2 2022	$1.2B	182	8	88	32	16	52.1%	15
Q1 2022	$1.4B	190	5	59	63	10	52.4%	20
Q4 2021	$1.4B	195	9	52	80	5	52.9%	39
Q3 2021	$1.3B	191	4	82	48	4	52.6%	36
Q2 2021	$1.3B	191	14	53	73	4	52.7%	35
Q1 2021	$1.2B	181	10	39	82	3	52.7%	30
Q4 2020	$1.2B	174	54	115	4	4	52.7%	35
Q3 2020	$513.7M	124	5	7	108	36	54.5%	20
Q2 2020	$942.1M	155	19	75	40	7	52.8%	31
Q1 2020	$784.7M	143	7	56	49	23	54.7%	22
Q4 2019	$953.8M	159	8	67	42	7	56.7%	21
Q3 2019	$879.4M	158	10	72	40	10	56.4%	18
Q2 2019	$851.0M	158	9	68	38	6	56.5%	23
Q1 2019	$815.9M	155	14	51	62	4	56.7%	26
Q4 2018	$718.6M	145	0	0	0	0	57.6%	32

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.