DaveManuel.com · Institutional Ownership · 13F Holdings
SMITHBRIDGE ASSET MANAGEMENT INC/DE
Reported holdings as of Q3 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $42.1M | 126,419 | +0.75pp | 31q | +1.0%+$409.9K | |
| NVIDIA CORPORATION | NVDA | $30.8M | 134,982 | +0.57pp | 28q | +2.7%+$796.1K | |
| MICROSOFT CORP | MSFT | $29.7M | 57,829 | +1.14pp | 31q | +2.6%+$739.1K | |
| APPLIED MATLS INC | AMAT | $25.0M | 48,979 | -1.65pp | 25q | -4.0%-$1.0M | |
| VANGUARD MALVERN FDS | VCRB | $23.7M | 322,487 | +0.04pp | 5q | +7.3%+$1.6M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $21.2M | 27,760 | +0.05pp | 10q | +0.6%+$131.2K | |
| SCHWAB STRATEGIC TR | SCHG | $19.8M | 551,462 | +0.09pp | 31q | -1.6%-$324.2K | |
| STATE STR SPDR DOW JONES IND | DIA | $18.8M | 36,946 | -0.04pp | 10q | +2.1%+$382.9K | |
| J P MORGAN EXCHANGE TRADED F | JBND | $18.1M | 354,859 | -0.05pp | 5q | +3.7%+$645.3K | |
| VERTIV HOLDINGS CO | VRT | $17.5M | 72,376 | -1.02pp | 8q | -2.2%-$390.2K | |
| JPMORGAN CHASE & CO | JPM | $16.9M | 51,055 | +0.04pp | 31q | +1.5%+$244.5K | |
| AMAZON COM INC | AMZN | $16.7M | 67,109 | +0.17pp | 26q | +4.5%+$717.8K | |
| ALPHABET INC | GOOG | $16.0M | 46,848 | -0.11pp | 31q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $14.5M | 447,126 | +0.01pp | 31q | -1.0%-$154.1K | |
| SPDR SERIES TRUST | SPYV | $13.5M | 220,833 | -0.02pp | 18q | -0.9%-$119.1K | |
| ISHARES TR | IJH | $13.4M | 186,092 | -0.08pp | 22q | +3.6%+$463.4K | |
| RTX CORPORATION | RTX | $12.8M | 68,777 | -0.03pp | 25q | +1.2%+$153.5K | |
| J P MORGAN EXCHANGE TRADED F | JIRE | $12.6M | 153,381 | -0.05pp | 7q | -1.8%-$227.8K | |
| ALPHABET INC | GOOGL | $12.5M | 36,445 | -0.03pp | 30q | +3.3%+$402.9K | |
| ISHARES TR | IEFA | $12.2M | 125,459 | -0.04pp | 7q | -1.6%-$198.8K | |
| J P MORGAN EXCHANGE TRADED F | JCPB | $12.0M | 268,949 | -0.02pp | 5q | +4.6%+$531.7K | |
| JOHNSON & JOHNSON | JNJ | $11.5M | 43,322 | +0.04pp | 31q | -0.6%-$72.8K | |
| ISHARES TR | IJR | $10.4M | 76,758 | -0.07pp | 21q | +4.9%+$491.1K | |
| GOLDMAN SACHS GROUP INC | GS | $9.7M | 10,722 | -0.16pp | 31q | +1.0%+$98.1K | |
| QUALCOMM INC | QCOM | $9.4M | 50,971 | -0.03pp | 31q | -0.9%-$88.9K | |
| TJX COS INC NEW | TJX | $8.8M | 66,678 | -0.20pp | 31q | -1.2%-$110.9K | |
| DANAHER CORP DEL | DHR | $8.7M | 39,387 | +0.88pp | 2q | +240.2%+$6.2M | |
| ISHARES TR | IVV | $8.1M | 10,592 | +0.87pp | 21q | +378.0%+$6.4M | |
| ABBVIE INC | ABBV | $8.0M | 30,750 | +0.08pp | 31q | +5.3%+$401.5K | |
| PALO ALTO NETWORKS INC | PANW | $7.8M | 19,714 | +0.13pp | 13q | -1.5%-$116.0K | |
| ADVANCED MICRO DEVICES INC | AMD | $7.7M | 12,628 | +0.13pp | 3q | +9.5%+$672.3K | |
| GALLAGHER ARTHUR J CO | AJG | $7.4M | 32,561 | -0.02pp | 29q | HELD | |
| APOLLO GLOBAL MGMT INC | APO | $7.4M | 63,824 | -0.04pp | 12q | -0.7%-$55.0K | |
| VANGUARD TAX-MANAGED FDS | VEA | $7.0M | 99,457 | +0.19pp | 31q | +27.3%+$1.5M | |
| NOVARTIS AG | NVS | $6.9M | 48,698 | -0.11pp | 31q | -0.9%-$62.0K | |
| LOCKHEED MARTIN CORP | LMT | $6.6M | 12,934 | -0.01pp | 31q | HELD | |
| ELI LILLY & CO | LLY | $6.6M | 5,689 | -0.07pp | 15q | -3.3%-$224.5K | |
| UNITED RENTALS INC | URI | $6.4M | 6,389 | -0.15pp | 15q | -2.9%-$192.1K | |
| ECOLAB INC | ECL | $5.6M | 20,295 | -0.02pp | 31q | HELD | |
| PROCTER & GAMBLE CO | PG | $5.4M | 37,479 | -0.02pp | 31q | -1.3%-$74.4K | |
| MEDTRONIC PLC | MDT | $5.4M | 62,097 | +0.08pp | 31q | +3.1%+$161.1K | |
| ACCENTURE PLC IRELAND | ACN | $5.1M | 27,813 | +0.23pp | 31q | +2.7%+$134.4K | |
| ROCKWELL AUTOMATION INC | ROK | $4.9M | 11,308 | -0.10pp | 20q | -0.7%-$36.6K | |
| STRYKER CORPORATION | SYK | $4.9M | 17,696 | -0.11pp | 31q | -0.9%-$42.7K | |
| ABBOTT LABORATORIES | ABT | $4.8M | 48,595 | +0.08pp | 31q | +6.3%+$286.7K | |
| J P MORGAN EXCHANGE TRADED F | JPST | $4.7M | 94,280 | +0.03pp | 5q | +7.2%+$317.2K | |
| ISHARES INC | EMXC | $4.1M | 41,259 | -0.02pp | 7q | HELD | |
| NOVO-NORDISK A S | NVO | $4.0M | 106,090 | -0.12pp | 31q | +3.9%+$152.4K | |
| DEERE CO | DE | $4.0M | 5,980 | +0.06pp | 4q | +7.7%+$285.4K | |
| ISHARES INC | IEMG | $3.8M | 47,193 | -0.03pp | 7q | -2.9%-$113.3K | |
| PEPSICO INC | PEP | $3.8M | 29,907 | -0.04pp | 30q | HELD | |
| FISERV INC | FISV | $3.7M | 81,287 | +0.02pp | 31q | +13.3%+$430.2K | |
| APPLOVIN CORP | APP | $3.3M | 11,459 | -0.38pp | 8q | -2.6%-$88.9K | |
| ISHARES TR | MUB | $3.2M | 32,083 | -0.05pp | 3q | -3.8%-$126.4K | |
| NETFLIX INC. | NFLX | $3.1M | 45,009 | -0.02pp | 10q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.1M | 6,162 | +0.05pp | 25q | +14.9%+$398.4K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $3.1M | 31,252 | +0.01pp | 5q | -1.3%-$39.4K | |
| COSTCO WHOLESALE CORPORATION | COST | $3.0M | 3,260 | +0.05pp | 11q | +18.1%+$455.2K | |
| CANADIAN NATL RY CO | CNI | $2.9M | 24,796 | -0.01pp | 31q | HELD | |
| VALERO ENERGY CORP | VLO | $2.9M | 7,592 | +0.12pp | 31q | -1.3%-$38.4K | |
| VANGUARD MUN BD FDS | VCRM | $2.9M | 40,053 | +0.02pp | 5q | +13.3%+$336.4K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $2.8M | 47,293 | +0.17pp | 3q | +84.2%+$1.3M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $2.8M | 4,141 | +0.09pp | 15q | -0.8%-$23.0K | |
| ISHARES TR | EFA | $2.8M | 26,508 | +0.32pp | 3q | +581.4%+$2.3M | |
| TAKE-TWO INTERACTIVE SOFTWAR | TTWO | $2.7M | 13,205 | -0.09pp | 6q | -1.2%-$34.0K | |
| HONEYWELL AEROSPACE INC | HONA | $2.6M | 16,571 | -0.14pp | 2q | +2.2%+$55.5K | |
| J P MORGAN EXCHANGE TRADED F | JMUB | $2.5M | 53,241 | +0.03pp | 5q | +16.3%+$355.2K | |
| VANGUARD INDEX FDS | VB | $2.5M | 8,715 | +0.07pp | 3q | +37.5%+$676.8K | |
| BLACKROCK INC | BLK | $2.4M | 2,293 | +0.05pp | 3q | +7.2%+$164.0K | |
| CISCO SYS INC | CSCO | $2.3M | 21,722 | flat | 4q | +10.1%+$215.3K | |
| MASTERCARD INCORPORATED | MA | $2.3M | 4,235 | +0.01pp | 15q | -1.6%-$36.9K | |
| ROYAL CARIBBEAN GROUP | RCL | $2.3M | 8,776 | -0.07pp | 6q | -1.8%-$42.8K | |
| SELECT SECTOR SPDR TR | XLK | $2.3M | 11,588 | +0.02pp | 3q | +6.4%+$137.0K | |
| EMERSON ELEC CO | EMR | $2.1M | 13,516 | +0.06pp | 12q | +17.4%+$310.2K | |
| VANGUARD INDEX FDS | VOO | $2.1M | 2,975 | +0.12pp | 3q | +73.3%+$881.7K | |
| CITIGROUP INC | C | $2.0M | 15,461 | +0.01pp | 4q | +14.9%+$259.0K | |
| VANGUARD INDEX FDS | VO | $2.0M | 25,140 | +0.17pp | 3q | +175.1%+$1.3M | |
| INTERDIGITAL INC | IDCC | $2.0M | 6,000 | +0.03pp | 31q | HELD | |
| SALESFORCE INC | CRM | $1.8M | 8,022 | +0.08pp | 13q | -0.9%-$17.4K | |
| BOEING CO | BA | $1.8M | 9,744 | +0.02pp | 3q | +28.3%+$400.0K | |
| SHERWIN WILLIAMS CO | SHW | $1.8M | 5,581 | -0.03pp | 15q | -2.7%-$49.8K | |
| GENERAL DYNAMICS CORP | GD | $1.7M | 5,131 | -0.02pp | 31q | HELD | |
| VANGUARD BD INDEX FDS | BND | $1.7M | 23,987 | -0.01pp | 3q | HELD | |
| LINDE PLC | LIN | $1.7M | 3,496 | +0.01pp | 3q | +16.7%+$237.3K | |
| CHEVRON CORPORATION | CVX | $1.6M | 8,004 | +0.04pp | 31q | -1.2%-$20.4K | |
| SLB LIMITED | SLB | $1.6M | 33,115 | +0.01pp | 21q | +0.6%+$9.7K | |
| CORTEVA INC | CTVA | $1.6M | 20,700 | flat | 3q | +10.7%+$155.3K | |
| KINDER MORGAN INC DEL | KMI | $1.6M | 52,796 | -0.02pp | 31q | -1.5%-$24.8K | |
| MERCK & CO INC | MRK | $1.5M | 10,648 | +0.03pp | 4q | +6.0%+$87.2K | |
| ISHARES TR | IWF | $1.5M | 12,312 | flat | 4q | HELD | |
| EDWARDS LIFESCIENCES CORP | EW | $1.5M | 16,824 | -0.01pp | 23q | HELD | |
| SPDR GOLD TR | GLD | $1.4M | 3,800 | +0.03pp | 3q | +18.8%+$228.5K | |
| CUMMINS INC | CMI | $1.3M | 2,586 | -0.08pp | 15q | -1.8%-$24.3K | |
| VANGUARD INDEX FDS | VTI | $1.3M | 3,502 | flat | 31q | HELD | |
| DOLLAR TREE INC | DLTR | $1.2M | 10,772 | -0.01pp | 15q | -0.9%-$10.8K | |
| UNITEDHEALTH GROUP INC | UNH | $1.2M | 3,344 | -0.04pp | 31q | -6.7%-$88.1K | |
| VANGUARD BD INDEX FDS | BSV | $1.2M | 15,550 | flat | 3q | HELD | |
| UNION PAC CORP | UNP | $1.1M | 4,188 | +0.01pp | 3q | +9.1%+$95.2K | |
| AFLAC INC | AFL | $1.1M | 10,150 | -0.01pp | 31q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.0M | 6,250 | - | new | NEW | |
| CATERPILLAR INC | CAT | $1.0M | 1,238 | flat | 4q | +32.0%+$243.2K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $985.8K | 12,761 | -0.03pp | 5q | -14.0%-$160.8K | |
| TEXTRON INC | TXT | $971.5K | 12,750 | -0.03pp | 4q | HELD | |
| MCDONALDS CORP | MCD | $942.0K | 4,079 | -0.02pp | 3q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $897.5K | 3,847 | -0.01pp | 31q | -6.1%-$58.3K | |
| SCHWAB STRATEGIC TR | SCHA | $851.1K | 26,082 | -0.03pp | 31q | -13.9%-$137.7K | |
| VANGUARD SCOTTSDALE FDS | VCIT | $818.3K | 10,450 | -0.05pp | 5q | -28.8%-$331.0K | |
| LIFESTANCE HEALTH GROUP INC | LFST | $783.7K | 65,142 | -0.02pp | 16q | -22.9%-$233.4K | |
| SCHWAB STRATEGIC TR | SCHO | $781.7K | 32,763 | -0.05pp | 5q | -29.0%-$318.5K | |
| VANGUARD MUN BD FDS | VTEB | $762.3K | 16,095 | -0.03pp | 3q | -15.9%-$144.4K | |
| EATON CORP PLC | ETN | $758.9K | 1,766 | flat | 13q | HELD | |
| BANK OF AMER CORP | BAC | $700.1K | 12,862 | -0.01pp | 31q | HELD | |
| BLACKROCK ETF TRUST II | HIMU | $685.8K | 15,013 | +0.04pp | 3q | +86.4%+$317.9K | |
| ISHARES TR | IWN | $684.1K | 3,266 | flat | 15q | +3.6%+$23.7K | |
| SPDR SERIES TRUST | CWB | $650.2K | 6,426 | -0.01pp | 5q | -5.7%-$39.0K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $646.3K | 18,150 | -0.01pp | 31q | -6.0%-$41.0K | |
| CSX CORP | CSX | $624.5K | 13,427 | +0.06pp | 4q | +203.3%+$418.6K | |
| CORNING INC | GLW | $584.3K | 3,800 | -0.05pp | 5q | HELD | |
| O'REILLY AUTOMOTIVE INC | ORLY | $576.5K | 6,750 | -0.01pp | 24q | HELD | |
| SCHWAB STRATEGIC TR | SCHB | $563.8K | 19,237 | flat | 31q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $537.7K | 2,090 | -0.01pp | 31q | -8.7%-$51.5K | |
| NETAPP INC | NTAP | $535.5K | 2,549 | +0.02pp | 15q | -3.1%-$17.0K | |
| CENCORA INC | COR | $515.5K | 1,717 | flat | 15q | -3.0%-$16.2K | |
| GLOBAL X FDS | PFFD | $502.1K | 28,530 | flat | 3q | HELD | |
| EQUINIX INC | EQIX | $495.7K | 490 | flat | 15q | -3.2%-$16.2K | |
| ENERGY TRANSFER L P | ET | $492.2K | 24,896 | flat | 15q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $475.2K | 2,138 | -0.01pp | 15q | -2.7%-$13.3K | |
| SCHWAB STRATEGIC TR | SCHM | $454.5K | 13,361 | -0.03pp | 31q | -28.4%-$180.1K | |
| BOOKING HOLDINGS INC | BKNG | $442.1K | 2,714 | -0.01pp | 15q | -2.8%-$12.9K | |
| DEVON ENERGY CORP NEW | DVN | $432.6K | 9,396 | flat | 15q | -2.7%-$12.1K | |
| ISHARES TR | IWO | $424.4K | 1,189 | flat | 15q | +5.1%+$20.7K | |
| TARGET CORP | TGT | $415.2K | 2,650 | +0.02pp | 4q | +23.3%+$78.3K | |
| VANGUARD INDEX FDS | VBK | $412.5K | 1,221 | -0.01pp | 31q | HELD | |
| VISA INC | V | $408.9K | 1,138 | -0.01pp | 15q | -16.8%-$82.6K | |
| ISHARES TR | SUB | $404.5K | 3,869 | -0.09pp | 5q | -61.3%-$640.1K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $403.6K | 1,038 | flat | 15q | -3.0%-$12.4K | |
| BECTON DICKINSON CO | BDX | $403.5K | 2,254 | +0.01pp | 3q | HELD | |
| CONOCOPHILLIPS | COP | $401.5K | 3,208 | +0.01pp | 4q | HELD | |
| D R HORTON INC | DHI | $401.3K | 2,937 | -0.01pp | 15q | -3.0%-$12.4K | |
| ISHARES TR | ITOT | $399.1K | 2,400 | flat | 15q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $395.1K | 7,399 | -0.01pp | 9q | -8.2%-$35.1K | |
| ISHARES TR | IBTI | $394.4K | 18,000 | flat | 5q | HELD | |
| ISHARES TR | IBTJ | $390.5K | 18,400 | flat | 5q | HELD | |
| WILLIAMS SONOMA INC | WSM | $385.8K | 1,693 | flat | 31q | -5.6%-$22.8K | |
| J P MORGAN EXCHANGE TRADED F | JMST | $382.9K | 7,574 | flat | 5q | -6.0%-$24.5K | |
| FORBRIGHT INC -A | FRBT | $382.4K | 22,452 | - | new | NEW | |
| META PLATFORMS INC | META | $372.1K | 513 | - | new | NEW | |
| TORONTO DOMINION BK ONT | TD | $370.0K | 3,148 | flat | 3q | HELD | |
| SPDR SERIES TRUST | SPTI | $369.9K | 13,558 | flat | 4q | HELD | |
| ISHARES TR | IBTH | $366.0K | 16,400 | flat | 5q | HELD | |
| PRICE T ROWE GROUP INC | TROW | $343.4K | 3,300 | -0.01pp | 31q | -5.7%-$20.8K | |
| NORTHROP GRUMMAN CORP | NOC | $342.3K | 708 | flat | 15q | -3.1%-$11.1K | |
| COHERENT CORP | COHR | $338.2K | 1,175 | -0.02pp | 3q | HELD | |
| AMPHENOL CORP | APH | $337.2K | 4,000 | flat | 5q | HELD | |
| VANGUARD INDEX FDS | VNQ | $336.6K | 3,756 | flat | 3q | HELD | |
| ISHARES U S ETF TR | HYGH | $329.6K | 3,849 | flat | 5q | HELD | |
| ISHARES TR | IEI | $321.0K | 2,830 | flat | 5q | HELD | |
| SHORE BANCSHARES INC | SHBI | $314.0K | 14,025 | flat | 4q | HELD | |
| ALPS ETF TR | AMLP | $311.2K | 6,000 | flat | 21q | HELD | |
| VANECK ETF TRUST | ANGL | $309.5K | 11,128 | flat | 5q | HELD | |
| SRH TOTAL RETURN FUND INC | STEW | $299.6K | 17,250 | - | new | NEW | |
| AMGEN INC | AMGN | $295.1K | 700 | +0.01pp | 4q | HELD | |
| HOME DEPOT INC | HD | $293.9K | 1,033 | flat | 15q | +40.9%+$85.3K | |
| LOWES COS INC | LOW | $293.4K | 1,592 | -0.01pp | 15q | -3.0%-$9.2K | |
| ISHARES TR | IBTL | $286.2K | 14,700 | flat | 5q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $285.7K | 435 | flat | 3q | HELD | |
| ISHARES TR | IBTK | $284.9K | 15,000 | flat | 5q | HELD | |
| AVERY DENNISON CORP | AVY | $269.0K | 1,576 | flat | 15q | -3.1%-$8.5K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $266.8K | 1,213 | -0.01pp | 3q | HELD | |
| PUBLIC STORAGE | PSA | $263.3K | 931 | flat | 15q | HELD | |
| FIRST TR EXCH TRADED FD III | FPE | $255.3K | 14,972 | flat | 2q | HELD | |
| SPDR SERIES TRUST | JNK | $251.4K | 2,711 | flat | 5q | HELD | |
| GOLDMAN SACHS ETF TR | GHYB | $248.9K | 5,762 | flat | 5q | HELD | |
| DIAMONDBACK ENERGY INC | FANG | $243.5K | 1,325 | flat | 2q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | LMBS | $242.3K | 5,001 | flat | 5q | HELD | |
| ALLSTATE CORP | ALL | $239.6K | 1,080 | flat | 8q | -3.6%-$8.9K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $229.5K | 503 | - | new | NEW | |
| COLUMBIA ETF TR II | XCEM | $226.6K | 4,407 | flat | 2q | HELD | |
| NUVEEN PFD & INCOME OPPORTUN | JPC | $218.2K | 32,000 | flat | 3q | HELD | |
| PFIZER INC | PFE | $217.6K | 7,629 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | FDM | $216.5K | 2,473 | flat | 16q | HELD | |
| LABCORP HOLDINGS INC | LH | $208.0K | 675 | -0.48pp | 9q | -94.9%-$3.9M | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $207.5K | 225 | flat | 2q | HELD | |
| ISHARES TR | MBB | $204.5K | 2,282 | flat | 5q | HELD | |
| JANUS DETROIT STR TR | VNLA | $204.4K | 4,210 | flat | 5q | HELD | |
| MORGAN STANLEY | MS | $203.1K | 1,080 | flat | 2q | HELD | |
| SLR INVESTMENT CORP | SLRC | $125.2K | 10,800 | flat | 2q | HELD |
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 |
|---|---|---|
| Semiconductors & Electronics | $93.1M | 12.6% |
| Software & IT Services | $66.4M | 9.0% |
| Computer Hardware | $53.3M | 7.2% |
| Biotech & Pharma | $43.9M | 5.9% |
| Funds & ETFs | $40.9M | 5.5% |
| Retail & Consumer | $34.4M | 4.6% |
| Autos & Aerospace | $26.8M | 3.6% |
| Capital Markets | $24.5M | 3.3% |
| Banks & Lending | $21.1M | 2.9% |
| Business Services | $17.9M | 2.4% |
| Instruments & Controls | $16.8M | 2.3% |
| Insurance | $13.5M | 1.8% |
| Other sectors | $64.9M | 8.8% |
| Not classified | $223.5M | 30.2% |
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 | -1.7% | +2.1% | -3.8% | 100% |
| Q2 2026 | +13.4% | +14.8% | -1.4% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.6% | 100% |
| Q3 2025 | +8.5% | +7.8% | +0.7% | 100% |
| Q2 2025 | +8.0% | +10.5% | -2.5% | 100% |
| Q4 2024 | +2.0% | +2.1% | -0.1% | 100% |
| Q3 2024 | +4.5% | +5.4% | -1.0% | 100% |
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 | $741.1M | 187 | 6 | 56 | 64 | 7 | 33.3% | 19 |
| Q2 2026 | $734.0M | 188 | 10 | 25 | 110 | 5 | 33.4% | 20 |
| Q1 2026 | $674.2M | 183 | 28 | 13 | 142 | 29 | 30.6% | 24 |
| Q4 2025 | $1.2B | 184 | 39 | 126 | 14 | 5 | 32.5% | 42 |
| Q3 2025 | $687.9M | 150 | 33 | 15 | 63 | 5 | 31.6% | 29 |
| Q2 2025 | $571.9M | 122 | 3 | 31 | 60 | 7 | 33.3% | 29 |
| Q1 2025 | $539.6M | 126 | 7 | 18 | 78 | 12 | 31.5% | 16 |
| Q3 2024 | $580.8M | 131 | 3 | 61 | 47 | 5 | 31.8% | 24 |
| Q2 2024 | $481.2M | 133 | 3 | 22 | 61 | 2 | 33.1% | 19 |
| Q1 2024 | $484.6M | 132 | 4 | 16 | 74 | 7 | 29.0% | 33 |
| Q4 2023 | $439.2M | 135 | 3 | 10 | 83 | 6 | 30.0% | 18 |
| Q3 2023 | $403.3M | 138 | 3 | 28 | 60 | 8 | 29.4% | 25 |
| Q2 2023 | $426.8M | 143 | 5 | 35 | 39 | 1 | 28.9% | 20 |
| Q1 2023 | $398.5M | 139 | 8 | 51 | 45 | 4 | 28.6% | 20 |
| Q4 2022 | $376.2M | 135 | 44 | 33 | 37 | 0 | 28.0% | 60 |
| Q3 2022 | $243.7M | 91 | 3 | 44 | 30 | 12 | 31.5% | 25 |
| Q2 2022 | $258.9M | 100 | 6 | 30 | 35 | 4 | 30.7% | 34 |
| Q1 2022 | $301.9M | 98 | 5 | 42 | 27 | 16 | 29.3% | 25 |
| Q4 2021 | $328.6M | 109 | 5 | 33 | 31 | 7 | 29.8% | 24 |
| Q3 2021 | $301.5M | 111 | 7 | 31 | 43 | 4 | 28.8% | 4 |
| Q2 2021 | $307.0M | 108 | 24 | 51 | 9 | 1 | 30.0% | 23 |
| Q1 2021 | $233.8M | 85 | 3 | 50 | 10 | 5 | 34.0% | 6 |
| Q4 2020 | $217.1M | 87 | 5 | 25 | 45 | 0 | 34.9% | 21 |
| Q3 2020 | $193.6M | 82 | 3 | 32 | 22 | 2 | 35.8% | 29 |
| Q2 2020 | $179.3M | 81 | 4 | 25 | 25 | 2 | 34.9% | 1 |
| Q1 2020 | $149.5M | 79 | 1 | 29 | 33 | 3 | 33.9% | 13 |
| Q4 2019 | $193.8M | 81 | 2 | 28 | 31 | 0 | 32.2% | 9 |
| Q3 2019 | $177.8M | 79 | 1 | 40 | 11 | 0 | 31.9% | 15 |
| Q2 2019 | $172.7M | 78 | 2 | 40 | 6 | 4 | 32.0% | 9 |
| Q1 2019 | $166.4M | 80 | 8 | 44 | 9 | 1 | 31.5% | 3 |
| Q4 2018 | $142.8M | 73 | 0 | 0 | 0 | 0 | 31.1% | 15 |
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.