DaveManuel.com · Institutional Ownership · 13F Holdings

New England Private Wealth Advisors LLC

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

CIK

1582813

Reported value

$1.0B

Positions

205

Top 10 weight

33.1%

Filed

2026-10-19

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
VANGUARD SPECIALIZED FUNDS	VIG	$51.5M	220,699	4.91%	-0.15pp	32q	HELD
VANGUARD INDEX FDS	VTI	$50.1M	133,844	4.78%	+0.11pp	32q	+1.0%+$475.7K
FIRST TR EXCHANGE-TRADED FD	FVD	$35.6M	759,035	3.40%	-0.27pp	32q	HELD
INVESCO EXCHANGE TRADED FD T	RPG	$32.7M	560,996	3.12%	+0.04pp	32q	HELD
JANUS DETROIT STR TR	JAAA	$32.4M	640,997	3.09%	-0.04pp	3q	HELD
NEOS ETF TRUST	CSHI	$30.4M	610,934	2.90%	+0.41pp	4q	+18.0%+$4.6M
BROADSTONE NET LEASE INC	BNL	$29.3M	1,584,267	2.80%	-0.65pp	4q	-0.6%-$187.4K
VANGUARD INDEX FDS	VXF	$28.9M	124,718	2.76%	-0.11pp	32q	-0.9%-$248.8K
CAPITAL GROUP DIVIDEND VALUE	CGDV	$28.6M	585,342	2.73%	-0.03pp	14q	HELD
VANECK ETF TRUST	RAAX	$27.6M	692,344	2.63%	+0.29pp	4q	+14.5%+$3.5M
VANGUARD WHITEHALL FDS	VYMI	$26.0M	256,911	2.48%	+0.11pp	19q	+6.5%+$1.6M
INVESCO EXCH TRADED FD TR II	SPLV	$25.4M	360,439	2.42%	-0.31pp	32q	-1.6%-$405.4K
STATE STR SPDR S&P 500 ETF T	SPY	$21.7M	28,411	2.07%	+0.04pp	32q	HELD
FRANKLIN TEMPLETON ETF TR	FLMI	$19.6M	842,408	1.87%	-0.12pp	6q	+0.8%+$149.8K
VANGUARD STAR FDS	VXUS	$19.2M	226,513	1.84%	+0.04pp	30q	+1.9%+$353.0K
VANGUARD INTL EQUITY INDEX F	VT	$18.5M	117,169	1.76%	+0.01pp	14q	+1.0%+$174.4K
ISHARES TR	XT	$17.9M	215,148	1.71%	+0.07pp	32q	-0.6%-$115.6K
ISHARES TR	IWB	$17.4M	41,790	1.66%	+0.03pp	32q	HELD
VANECK ETF TRUST	MOAT	$16.8M	159,398	1.61%	-0.05pp	14q	-2.7%-$474.0K
FIRST TR EXCHANGE-TRADED FD	TDIV	$16.2M	143,617	1.55%	+0.06pp	22q	HELD
VANGUARD INDEX FDS	VOO	$14.8M	21,046	1.41%	+0.13pp	31q	+8.1%+$1.1M
INVESCO QQQ TR	QQQ	$13.8M	18,611	1.31%	+0.09pp	28q	HELD
FIRST TR EXCHANGE-TRADED FD	EMLP	$12.8M	311,522	1.22%	-0.13pp	32q	HELD
INVESTMENT MANAGERS SER TR I	FPAG	$11.7M	286,081	1.12%	flat	9q	-1.2%-$147.0K
GLOBAL X FDS	PAVE	$11.7M	222,445	1.11%	-0.11pp	23q	+0.8%+$97.8K
PUTNAM ETF TRUST	PVAL	$11.4M	216,829	1.09%	+0.02pp	8q	+2.4%+$262.3K
FIRST TR EXCHANGE-TRADED FD	QQEW	$11.3M	69,334	1.08%	+0.06pp	32q	HELD
ETF SER SOLUTIONS	QTUM	$10.9M	71,928	1.04%	+0.08pp	7q	+0.5%+$57.6K
INVESCO EXCHANGE TRADED FD T	RFG	$10.8M	182,628	1.03%	-0.06pp	32q	-1.6%-$175.5K
VANGUARD WORLD FD	VHT	$10.6M	33,453	1.01%	-0.01pp	32q	-3.7%-$403.0K
INVESCO EXCHANGE TRADED FD T	RSP	$10.3M	49,681	0.99%	-0.04pp	32q	HELD
DIMENSIONAL ETF TRUST	DFAT	$10.3M	155,167	0.98%	-0.07pp	22q	HELD
PROFESIONALLY MANAGED PORTFO	AKRE	$10.3M	194,997	0.98%	-0.11pp	4q	-5.4%-$590.6K
EXCHANGE LISTED FDS TR	CEFS	$10.1M	413,233	0.97%	-0.03pp	9q	+0.6%+$57.8K
GMO ETF TRUST	QLTY	$9.7M	226,003	0.92%	+0.03pp	12q	HELD
SCHWAB STRATEGIC TR	SCHD	$9.5M	290,636	0.90%	-0.04pp	23q	-0.6%-$56.9K
ISHARES TR	USMV	$9.3M	95,479	0.89%	flat	32q	HELD
GLOBAL X FDS	SHLD	$9.0M	149,505	0.86%	-0.05pp	7q	HELD
VANECK ETF TRUST	GPZ	$8.9M	415,990	0.85%	+0.25pp	2q	+52.4%+$3.1M
ISHARES TR	IWF	$8.8M	70,116	0.84%	+0.04pp	32q	-0.6%-$53.4K
ISHARES TR	IWM	$8.2M	29,404	0.78%	-0.04pp	32q	+0.7%+$57.2K
ISHARES TR	EFA	$8.2M	78,478	0.78%	-0.01pp	32q	HELD
EA SERIES TRUST	FRDM	$8.1M	115,501	0.77%	+0.05pp	22q	HELD
FIDELITY COVINGTON TRUST	FBCG	$8.0M	127,223	0.77%	+0.10pp	2q	+8.5%+$631.4K
VANGUARD WHITEHALL FDS	VIGI	$7.9M	83,849	0.76%	+0.01pp	27q	+3.2%+$245.0K
ISHARES TR	IEFA	$7.6M	78,415	0.72%	flat	23q	HELD
J P MORGAN EXCHANGE TRADED F	JEPQ	$7.5M	122,469	0.72%	+0.04pp	15q	+1.0%+$74.1K
J P MORGAN EXCHANGE TRADED F	JEPI	$7.1M	125,574	0.67%	-0.04pp	17q	-4.0%-$292.5K
ISHARES TR	IWR	$6.4M	59,738	0.61%	-0.02pp	32q	HELD
INVESCO EXCHANGE TRADED FD T	PPA	$6.2M	39,966	0.59%	-0.06pp	16q	+3.6%+$212.5K
ISHARES TR	IWD	$6.1M	24,608	0.58%	-0.01pp	32q	HELD
VANGUARD WORLD FD	ESGV	$5.7M	42,161	0.55%	+0.11pp	10q	+22.2%+$1.0M
INVESCO EXCHANGE TRADED FD T	PRF	$5.7M	103,935	0.54%	-0.01pp	32q	HELD
VANGUARD WORLD FD	VGT	$5.5M	43,677	0.52%	+0.05pp	28q	HELD
ISHARES TR	IVV	$5.4M	7,019	0.51%	+0.02pp	32q	+1.4%+$75.8K
DIMENSIONAL ETF TRUST	DISV	$4.9M	113,747	0.47%	+0.02pp	15q	+0.6%+$30.6K
FIRST TR EXCHNG TRADED FD VI	LALT	$4.4M	179,948	0.42%	+0.14pp	2q	+46.0%+$1.4M
RBB FUND TRUST	FEGE	$4.3M	85,133	0.41%	+0.01pp	3q	+1.0%+$41.3K
VANGUARD INTL EQUITY INDEX F	VWO	$4.2M	70,768	0.40%	+0.01pp	32q	HELD
VANGUARD WORLD FD	VPU	$4.2M	24,521	0.40%	-0.06pp	11q	HELD
GMO ETF TRUST	GMOI	$4.0M	101,890	0.39%	flat	3q	+0.6%+$25.7K
VANGUARD WHITEHALL FDS	VYM	$4.0M	25,646	0.38%	-0.04pp	23q	-4.1%-$169.2K
FIRST TR EXCHANGE-TRADED FD	FTSL	$4.0M	88,985	0.38%	flat	5q	+1.5%+$59.2K
SELECT SECTOR SPDR TR	XLV	$3.8M	22,743	0.37%	+0.01pp	23q	HELD
WORLD GOLD TR	GLDM	$3.7M	44,660	0.35%	flat	10q	HELD
NEOS ETF TRUST	IYRI	$3.5M	77,545	0.33%	+0.02pp	2q	+18.5%+$548.2K
AMERICAN CENTY ETF TR	AVUV	$3.4M	28,676	0.32%	-0.02pp	6q	+1.1%+$37.3K
SPDR GOLD TR	GLD	$3.3M	8,781	0.32%	flat	32q	HELD
ISHARES TR	MTUM	$3.3M	10,339	0.31%	+0.01pp	32q	HELD
VANGUARD INDEX FDS	VB	$3.1M	11,017	0.30%	-0.01pp	32q	+0.8%+$24.7K
BLACKROCK ETF TRUST II	BINC	$3.1M	60,591	0.29%	-0.02pp	6q	-4.0%-$128.7K
STATE STR SPDR S&P MIDCAP 40	MDY	$3.1M	4,678	0.29%	-0.02pp	32q	HELD
VANGUARD WORLD FD	VSGX	$3.0M	37,151	0.29%	+0.03pp	5q	+16.9%+$436.0K
ISHARES TR	IJH	$2.8M	39,019	0.27%	-0.02pp	32q	HELD
SPDR SERIES TRUST	SDY	$2.8M	18,998	0.27%	-0.02pp	17q	HELD
ISHARES TR	IBB	$2.8M	13,081	0.26%	+0.03pp	32q	HELD
ISHARES TR	IBDR	$2.7M	112,371	0.26%	-0.13pp	12q	DEBT
ISHARES TR	AGG	$2.7M	28,654	0.26%	-0.01pp	32q	+0.7%+$18.5K
ISHARES GOLD TR	IAU	$2.6M	33,681	0.25%	flat	11q	HELD
INVESCO EXCHANGE TRADED FD T	PWB	$2.6M	15,844	0.25%	+0.01pp	16q	HELD
ISHARES INC	EEMV	$2.4M	32,163	0.23%	flat	32q	HELD
SCHWAB STRATEGIC TR	SCHG	$2.2M	60,672	0.21%	+0.01pp	10q	HELD
VANGUARD INTL EQUITY INDEX F	VEU	$2.1M	25,685	0.20%	flat	32q	HELD
ISHARES TR	IWY	$2.1M	7,101	0.20%	+0.01pp	17q	HELD
ISHARES TR	IBDS	$2.1M	85,536	0.20%	+0.02pp	8q	DEBT
INVESCO EXCHANGE TRADED FD T	RPV	$1.9M	16,886	0.18%	flat	5q	+0.5%+$10.4K
VANGUARD INDEX FDS	VO	$1.9M	23,753	0.18%	+0.04pp	16q	+38.2%+$515.1K
PROSHARES TR	SMDV	$1.8M	25,673	0.18%	-0.05pp	6q	-15.0%-$324.5K
WISDOMTREE TR	DXJ	$1.8M	9,983	0.17%	flat	5q	HELD
SELECT SECTOR SPDR TR	XLK	$1.8M	9,094	0.17%	+0.02pp	32q	HELD
SPDR SERIES TRUST	CWB	$1.8M	17,590	0.17%	flat	32q	HELD
ISHARES TR	IVW	$1.8M	12,473	0.17%	+0.01pp	32q	HELD
VANGUARD INDEX FDS	VTV	$1.8M	8,106	0.17%	-0.01pp	32q	HELD
VANGUARD SCOTTSDALE FDS	VCSH	$1.7M	22,633	0.17%	flat	25q	+0.7%+$12.8K
VANGUARD WORLD FD	VCEB	$1.7M	29,152	0.17%	+0.04pp	5q	+38.4%+$482.0K
VANGUARD INDEX FDS	VUG	$1.7M	19,259	0.17%	+0.01pp	16q	HELD
VANGUARD TAX-MANAGED FDS	VEA	$1.7M	23,501	0.16%	flat	22q	HELD
NEOS ETF TRUST	IAUI	$1.5M	31,259	0.14%	+0.03pp	3q	+24.1%+$293.0K
ISHARES TR	IWV	$1.5M	3,497	0.14%	flat	23q	-4.3%-$67.3K
DIMENSIONAL ETF TRUST	DFUV	$1.5M	26,829	0.14%	flat	10q	HELD
FIDELITY COVINGTON TRUST	FELC	$1.5M	34,051	0.14%	flat	12q	HELD
ARK ETF TR	ARKK	$1.3M	15,136	0.13%	+0.02pp	32q	HELD
INVESCO EXCHANGE TRADED FD T	PRFZ	$1.3M	25,089	0.13%	flat	32q	HELD
NEOS ETF TRUST	BTCI	$1.3M	38,138	0.12%	+0.04pp	3q	+28.8%+$287.7K
FIRST TR EXCHANGE-TRADED FD	FDL	$1.3M	26,141	0.12%	-0.01pp	6q	+0.5%+$6.5K
ISHARES TR	FLOT	$1.3M	25,058	0.12%	flat	5q	+1.0%+$13.3K
ISHARES TR	IBDT	$1.3M	50,834	0.12%	+0.10pp	8q	+462.3%+$1.0M
ISHARES TR	SOXX	$1.3M	2,215	0.12%	+0.01pp	11q	HELD
ISHARES TR	IDEV	$1.2M	13,804	0.12%	flat	12q	HELD
SPDR INDEX SHS FDS	RWO	$1.2M	26,610	0.12%	-0.01pp	5q	+0.9%+$11.0K
ISHARES TR	MCHI	$1.2M	23,601	0.12%	flat	5q	HELD
NEOS ETF TRUST	NIHI	$1.2M	23,332	0.11%	+0.06pp	2q	+134.0%+$680.5K
ISHARES TR	IVE	$1.2M	5,204	0.11%	flat	32q	HELD
WISDOMTREE TR	HEDJ	$1.2M	21,394	0.11%	flat	5q	HELD
ISHARES TR	IJR	$1.2M	8,569	0.11%	+0.07pp	9q	+171.1%+$735.7K
SCHWAB STRATEGIC TR	SCHF	$1.2M	42,179	0.11%	+0.05pp	12q	+77.0%+$504.1K
ISHARES TR	PFF	$1.1M	38,792	0.11%	flat	32q	+0.9%+$9.7K
GOLDMAN SACHS ETF TR	GINN	$1.0M	12,573	0.10%	+0.01pp	6q	+2.9%+$29.1K
ISHARES TR	IBMO	$975.4K	38,043	0.09%	-0.09pp	12q	-48.2%-$906.3K
FIDELITY COVINGTON TRUST	FDVV	$913.8K	15,047	0.09%	+0.05pp	12q	+130.8%+$517.9K
SPDR INDEX SHS FDS	QWLD	$894.1K	5,800	0.09%	flat	32q	HELD
VANGUARD WORLD FD	MGV	$866.0K	5,376	0.08%	flat	16q	HELD
FIDELITY COVINGTON TRUST	FREL	$831.3K	30,584	0.08%	-0.01pp	5q	+0.8%+$6.8K
ISHARES TR	AOR	$809.7K	11,818	0.08%	flat	13q	HELD
SCHWAB STRATEGIC TR	SCHX	$800.2K	26,674	0.08%	flat	16q	HELD
ISHARES TR	DVY	$779.9K	5,129	0.07%	-0.01pp	17q	+0.5%+$4.1K
ISHARES TR	EMB	$776.0K	8,542	0.07%	flat	32q	+0.9%+$6.6K
VANGUARD INDEX FDS	VV	$752.7K	2,139	0.07%	+0.01pp	14q	+13.0%+$86.6K
ISHARES INC	ESGE	$750.8K	13,862	0.07%	flat	5q	+8.8%+$61.0K
ISHARES GOLD TRUST MICRO	IAUM	$694.7K	16,772	0.07%	flat	5q	HELD
ISHARES TR	STIP	$685.2K	6,872	0.07%	flat	2q	HELD
VANGUARD WORLD FD	MGK	$668.1K	7,211	0.06%	flat	25q	HELD
SPDR INDEX SHS FDS	RWX	$633.4K	24,968	0.06%	-0.01pp	27q	+1.1%+$7.0K
MORGAN STANLEY ETF TRUST	EVSM	$629.4K	12,804	0.06%	flat	4q	HELD
TIDAL TRUST III	AIS	$626.0K	8,377	0.06%	+0.01pp	2q	+7.7%+$44.8K
VANGUARD MUN BD FDS	VSDM	$624.5K	8,395	0.06%	flat	4q	HELD
INVESCO EXCH TRADED FD TR II	PGX	$619.2K	61,488	0.06%	flat	5q	+1.7%+$10.3K
ISHARES TR	IBMP	$572.9K	22,700	0.05%	-	new	NEW
ISHARES TR	ITA	$570.6K	2,754	0.05%	-0.01pp	32q	+4.0%+$22.2K
ISHARES TR	DGRO	$547.3K	7,259	0.05%	flat	26q	+1.4%+$7.3K
ISHARES INC	IEMG	$541.8K	6,676	0.05%	flat	9q	+3.8%+$19.8K
VANGUARD BD INDEX FDS	BND	$540.3K	7,702	0.05%	flat	6q	HELD
INVESCO EXCHANGE TRADED FD T	SPHQ	$529.7K	6,300	0.05%	-	new	NEW
AMPLIFY ETF TR	BLOK	$524.3K	8,562	0.05%	flat	6q	HELD
BLACKROCK ETF TRUST II	CLOA	$518.8K	10,000	0.05%	flat	7q	HELD
FIDELITY COMWLTH TR	ONEQ	$497.4K	4,700	0.05%	-	new	NEW
BLACKROCK TAX MUNICPAL BD TR	BBN	$495.7K	34,426	0.05%	-0.01pp	4q	+1.9%+$9.4K
ETF SER SOLUTIONS	NETL	$495.4K	20,737	0.05%	-0.01pp	15q	+1.2%+$6.0K
VANECK ETF TRUST	MORT	$468.9K	55,755	0.04%	-0.01pp	6q	HELD
INVESCO EXCH TRADED FD TR II	CGW	$467.6K	7,500	0.04%	flat	2q	HELD
SPDR SERIES TRUST	XAR	$465.8K	2,014	0.04%	-0.01pp	17q	HELD
ISHARES TR	OEF	$460.0K	1,204	0.04%	flat	14q	HELD
ISHARES TR	ESGD	$445.4K	4,323	0.04%	flat	22q	HELD
VANGUARD SCOTTSDALE FDS	VONG	$431.4K	3,346	0.04%	-0.01pp	8q	-24.3%-$138.9K
ISHARES TR	HDV	$430.5K	15,398	0.04%	flat	16q	HELD
ISHARES TR	IGE	$415.7K	6,744	0.04%	flat	5q	HELD
JANUS DETROIT STR TR	VNLA	$392.7K	8,087	0.04%	flat	3q	HELD
VANGUARD INDEX FDS	VBR	$392.3K	1,698	0.04%	flat	12q	HELD
NUVEEN FLOATING RATE INCOME	JFR	$390.1K	52,431	0.04%	flat	3q	HELD
VANGUARD ADMIRAL FDS INC	IVOO	$370.6K	3,044	0.04%	flat	31q	HELD
FIDELITY MERRIMACK STR TR	FLDR	$369.3K	7,424	0.04%	flat	8q	+0.7%+$2.5K
GUGGENHEIM STRATEGIC OPPORTU	GOF	$368.7K	43,327	0.04%	-0.01pp	3q	HELD
VANGUARD ADMIRAL FDS INC	VOOG	$367.5K	4,299	0.04%	flat	25q	-4.0%-$15.5K
PIMCO ETF TR	MINT	$354.3K	3,523	0.03%	flat	32q	+0.7%+$2.3K
ISHARES TR	IWN	$353.6K	1,688	0.03%	flat	16q	HELD
FIDELITY COVINGTON TRUST	FVAL	$351.6K	4,354	0.03%	flat	6q	HELD
WISDOMTREE TR	DEM	$346.5K	6,264	0.03%	flat	19q	HELD
SPDR SERIES TRUST	QUS	$344.2K	1,811	0.03%	flat	14q	HELD
ISHARES TR	HYG	$338.9K	4,389	0.03%	flat	5q	HELD
MORGAN STANLEY EMERGING MKTS	EDD	$338.0K	64,255	0.03%	flat	4q	+4.0%+$13.0K
T ROWE PRICE EXCHANGE-TRADED	TCAF	$336.7K	7,966	0.03%	flat	4q	HELD
ISHARES TR	IWP	$323.8K	2,352	0.03%	flat	6q	HELD
SELECT SECTOR SPDR TR	XLE	$322.3K	5,241	0.03%	flat	19q	HELD
DIMENSIONAL ETF TRUST	DFIC	$316.9K	8,425	0.03%	flat	3q	HELD
BLACKROCK CORPOR HI YLD FD I	HYT	$315.2K	40,209	0.03%	flat	3q	HELD
SCHWAB STRATEGIC TR	FNDE	$313.3K	7,483	0.03%	flat	10q	HELD
SPDR SERIES TRUST	XBI	$311.3K	1,975	0.03%	flat	4q	HELD
SCHWAB STRATEGIC TR	FNDF	$304.1K	5,658	0.03%	flat	6q	HELD
ISHARES TR	IGEB	$302.9K	7,078	0.03%	flat	8q	+0.9%+$2.7K
LISTED FDS TR	INFL	$300.6K	5,996	0.03%	flat	6q	HELD
VANGUARD INDEX FDS	VOT	$294.3K	1,008	0.03%	flat	12q	HELD
ISHARES TR	IUSG	$291.1K	1,503	0.03%	flat	10q	HELD
NEOS ETF TRUST	MLPI	$284.3K	5,662	0.03%	flat	3q	+1.5%+$4.2K
VANGUARD MALVERN FDS	VGMS	$284.1K	5,738	0.03%	flat	4q	+10.5%+$27.0K
SCHWAB STRATEGIC TR	SCHB	$283.2K	9,662	0.03%	flat	6q	HELD
SPROTT FDS TR	SETM	$282.2K	9,632	0.03%	flat	2q	HELD
FIDELITY COVINGTON TRUST	FSMD	$280.9K	5,713	0.03%	flat	8q	HELD
VANGUARD CHARLOTTE FDS	BNDX	$279.2K	5,958	0.03%	flat	11q	HELD
VANGUARD INDEX FDS	VNQ	$278.4K	3,105	0.03%	flat	7q	HELD
SCHWAB STRATEGIC TR	FNDX	$267.0K	8,483	0.03%	flat	5q	HELD
VANGUARD INDEX FDS	VBK	$265.4K	786	0.03%	flat	9q	HELD
VANGUARD INDEX FDS	VOE	$259.7K	1,328	0.02%	flat	9q	HELD
SELECT SECTOR SPDR TR	XLI	$247.0K	1,479	0.02%	flat	6q	+1.6%+$3.8K
PACER FDS TR	PTLC	$244.5K	4,108	0.02%	flat	11q	HELD
ISHARES TR	IUSV	$244.1K	2,213	0.02%	flat	6q	HELD
NEOS ETF TRUST	SPYI	$238.5K	4,486	0.02%	flat	2q	HELD
ISHARES TR	IWS	$232.8K	1,449	0.02%	flat	6q	HELD
SCHWAB STRATEGIC TR	SCHA	$231.2K	7,085	0.02%	flat	4q	HELD
ISHARES TR	ITOT	$215.0K	1,293	0.02%	flat	2q	HELD
WISDOMTREE TR	IQDG	$209.7K	4,927	0.02%	flat	2q	HELD
NUVEEN AMT FREE QLTY MUN INC	NEA	$199.0K	20,000	0.02%	flat	3q	HELD
BLACKROCK ENHANCED EQUITY DI	BDJ	$121.8K	12,960	0.01%	-	new	NEW
PIMCO HIGH INCOME FD	PHK	$99.8K	24,347	0.01%	-0.01pp	3q	-45.1%-$82.0K
ALLSPRING GLOBAL DIVIDEND OP	EOD	$85.8K	13,399	0.01%	flat	3q	HELD
GABELLI EQUITY TR INC	GAB	$60.0K	11,446	0.01%	flat	3q	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
Real Estate	$29.3M	2.8%
Funds & ETFs	$27.2M	2.6%
Other sectors	$10.3M	1.0%
Not classified	$981.2M	93.6%

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	+11.4%	+14.8%	-3.4%	99%
Q1 2026	-1.0%	-4.6%	+3.7%	99%
Q4 2025	+1.5%	+2.4%	-0.8%	98%
Q3 2025	+5.7%	+7.8%	-2.1%	97%
Q2 2025	+6.8%	+10.5%	-3.6%	98%
Q1 2025	-1.4%	-4.6%	+3.1%	98%
Q4 2024	-2.0%	+2.1%	-4.1%	97%

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	$1.0B	205	4	67	21	4	33.1%	19
Q2 2026	$1.0B	205	14	79	21	3	33.9%	35
Q1 2026	$866.2M	194	16	58	28	1	35.5%	38
Q4 2025	$803.1M	179	14	70	25	13	37.1%	44
Q3 2025	$758.8M	178	18	47	17	3	39.1%	44
Q2 2025	$683.7M	163	20	53	35	4	41.6%	38
Q1 2025	$646.7M	147	11	50	29	8	43.1%	38
Q4 2024	$631.2M	144	10	64	20	12	42.0%	38
Q3 2024	$619.8M	146	10	54	23	1	44.0%	38
Q2 2024	$573.2M	137	10	46	30	6	44.3%	39
Q1 2024	$568.8M	133	8	34	29	3	45.5%	38
Q4 2023	$541.7M	128	17	53	29	2	46.0%	33
Q3 2023	$479.6M	113	5	47	20	4	46.5%	39
Q2 2023	$495.1M	112	8	42	23	3	48.4%	42
Q1 2023	$491.9M	107	7	29	17	5	49.6%	35
Q4 2022	$471.7M	105	13	38	27	1	51.7%	39
Q3 2022	$426.3M	93	8	34	32	19	54.9%	40
Q2 2022	$547.2M	104	0	0	0	1	55.5%	42
Q1 2022	$547.5M	105	6	32	29	5	55.5%	36
Q4 2021	$574.8M	104	9	45	12	4	56.4%	39
Q3 2021	$535.9M	99	1	37	10	3	57.3%	33
Q2 2021	$525.5M	101	13	28	32	8	58.0%	43
Q1 2021	$579.1M	96	16	28	10	6	55.7%	41
Q4 2020	$456.0M	86	7	35	12	0	59.0%	47
Q3 2020	$398.6M	79	4	15	21	5	59.9%	43
Q2 2020	$365.9M	80	6	22	24	4	60.6%	37
Q1 2020	$293.8M	78	7	20	32	7	61.9%	38
Q4 2019	$383.2M	78	6	34	14	97	61.6%	42
Q3 2019	$412.1M	169	12	36	38	9	53.3%	45
Q2 2019	$413.1M	166	16	53	25	8	51.6%	39
Q1 2019	$386.0M	158	17	44	22	3	51.1%	32
Q4 2018	$340.5M	144	0	0	0	0	51.1%	43

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.