DaveManuel.com · Institutional Ownership · 13F Holdings

Friedenthal Financial

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

CIK

1598611

Reported value

$230.7M

Positions

343

Top 10 weight

37.0%

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	ITOT	$27.0M	162,233	11.69%	-0.19pp	26q	+3.6%+$927.2K
SCHWAB STRATEGIC TR	SCHA	$8.6M	262,610	3.71%	-0.41pp	32q	+6.3%+$506.6K
ISHARES TR	IJH	$8.4M	116,631	3.64%	+0.14pp	11q	+18.7%+$1.3M
ISHARES TR	STIP	$7.0M	70,378	3.04%	+0.19pp	20q	+16.2%+$980.2K
ISHARES TR	HEFA	$6.3M	135,907	2.73%	+0.13pp	8q	+13.1%+$731.4K
ISHARES INC	HEEM	$6.2M	147,293	2.70%	-0.07pp	8q	+9.9%+$563.0K
WISDOMTREE TR	USFR	$5.6M	111,657	2.44%	+1.89pp	12q	+375.5%+$4.4M
ISHARES TR	SHYG	$5.5M	133,222	2.38%	+0.09pp	18q	+14.0%+$675.2K
INVESCO EXCHANGE TRADED FD T	RSPM	$5.4M	144,400	2.33%	-0.01pp	28q	+10.4%+$504.4K
SELECT SECTOR SPDR TR	XLC	$5.3M	48,002	2.31%	+0.25pp	20q	+15.3%+$706.2K
VANGUARD CHARLOTTE FDS	BNDX	$5.2M	110,082	2.24%	+0.10pp	32q	+15.1%+$675.1K
INVESCO EXCHANGE TRADED FD T	RSPH	$5.2M	139,374	2.24%	+0.23pp	20q	+6.2%+$302.6K
FIRST TR EXCHANGE-TRADED FD	LMBS	$5.0M	102,556	2.15%	+0.10pp	19q	+15.0%+$646.8K
PIMCO ETF TR	MINT	$4.8M	47,784	2.08%	-0.10pp	15q	+2.0%+$95.3K
SPDR SERIES TRUST	FLRN	$4.5M	147,446	1.97%	-	new	NEW
ISHARES TR	FLOT	$4.5M	88,894	1.97%	-0.04pp	2q	+4.5%+$195.0K
EA SERIES TRUST	BOXX	$3.5M	29,199	1.50%	-0.08pp	4q	HELD
INVESCO EXCHANGE TRADED FD T	RSPU	$3.3M	47,362	1.44%	-0.13pp	28q	+13.1%+$384.8K
PIMCO ETF TR	HYS	$3.3M	36,651	1.44%	+0.07pp	18q	+15.5%+$445.4K
VANGUARD SCOTTSDALE FDS	VCIT	$3.3M	42,261	1.43%	+0.07pp	18q	+18.5%+$516.2K
SCHWAB STRATEGIC TR	SCHZ	$3.2M	143,688	1.38%	-0.11pp	29q	+2.9%+$89.8K
SSGA ACTIVE ETF TR	SRLN	$2.7M	67,228	1.18%	+0.08pp	18q	+14.4%+$342.5K
ISHARES TR	SGOV	$2.6M	26,087	1.14%	+0.18pp	3q	+26.6%+$551.5K
ISHARES TR	USMV	$2.1M	21,730	0.92%	-0.05pp	32q	HELD
INVESCO EXCHANGE TRADED FD T	RSPT	$2.1M	32,033	0.91%	-0.02pp	28q	+1.9%+$38.7K
ISHARES INC	EEMV	$2.1M	28,337	0.91%	-0.09pp	32q	-1.0%-$21.6K
ISHARES TR	EFAV	$2.0M	21,993	0.87%	-0.02pp	32q	HELD
VANGUARD SCOTTSDALE FDS	VCSH	$2.0M	25,929	0.87%	+0.05pp	18q	+15.9%+$274.6K
INVESCO EXCHANGE TRADED FD T	RSPS	$1.9M	66,441	0.83%	-0.01pp	28q	+9.3%+$163.0K
INVESCO EXCHANGE TRADED FD T	RSPN	$1.7M	29,505	0.74%	-0.08pp	28q	+6.8%+$109.1K
INVESCO EXCH TRADED FD TR II	EQAL	$1.7M	29,199	0.72%	-0.08pp	8q	HELD
INVESCO EXCHANGE TRADED FD T	RSPD	$1.6M	30,841	0.69%	-0.04pp	28q	+9.7%+$141.2K
ISHARES TR	IAGG	$1.6M	32,052	0.68%	-0.06pp	30q	+1.2%+$18.6K
APPLE INC	AAPL	$1.3M	3,933	0.57%	-0.42pp	12q	-46.6%-$1.1M
DROPBOX INC	DBX	$1.2M	34,532	0.51%	+0.51pp	6q	+115006.7%+$1.2M
ETSY INC	ETSY	$1.2M	16,307	0.51%	-	new	NEW
ROBERT HALF INC.	RHI	$1.2M	31,509	0.50%	-	new	NEW
HUMANA INC	HUM	$1.1M	2,978	0.49%	-	new	NEW
EVERGY INC	EVRG	$1.1M	14,478	0.49%	-	new	NEW
ROYALTY PHARMA PLC	RPRX	$1.1M	19,427	0.49%	-	new	NEW
MAPLEBEAR INC	CART	$1.1M	26,291	0.49%	-	new	NEW
AIRBNB INC	ABNB	$1.1M	7,015	0.49%	-	new	NEW
CENTENE CORP DEL	CNC	$1.1M	18,090	0.49%	-	new	NEW
AMEREN CORP	AEE	$1.1M	11,305	0.49%	-	new	NEW
VIRTU FINL INC	VIRT	$1.1M	20,259	0.48%	-	new	NEW
ARAMARK	ARMK	$1.1M	20,838	0.48%	-	new	NEW
FEDERAL RLTY INVT TR NEW	FRT	$1.1M	10,300	0.48%	-	new	NEW
DARLING INGREDIENTS INC	DAR	$1.1M	18,352	0.48%	-0.06pp	2q	-14.9%-$195.0K
ALLSTATE CORP	ALL	$1.1M	4,964	0.48%	-	new	NEW
TD SYNNEX CORPORATION	SNX	$1.1M	4,271	0.48%	-	new	NEW
ARCHER DANIELS MIDLAND CO	ADM	$1.1M	13,807	0.48%	-0.05pp	2q	-7.6%-$90.7K
MORGAN STANLEY	MS	$1.1M	5,811	0.47%	-	new	NEW
BANK OF NY MELLON CORP	BNY	$1.1M	7,555	0.47%	-	new	NEW
BLOCK H & R INC	HRB	$1.1M	26,630	0.47%	-	new	NEW
ATI INC	ATI	$1.1M	5,719	0.47%	-	new	NEW
NEWS CORP NEW	NWSA	$1.1M	37,721	0.47%	-	new	NEW
HUNT J B TRANS SVCS INC	JBHT	$1.1M	4,821	0.47%	-	new	NEW
LIVE NATION ENTERTAINMENT IN	LYV	$1.1M	6,364	0.47%	-	new	NEW
ENTERGY CORP NEW	ETR	$1.1M	10,845	0.47%	-	new	NEW
LAMAR ADVERTISING CO	LAMR	$1.1M	7,459	0.47%	-	new	NEW
MANPOWERGROUP INC WIS	MAN	$1.1M	19,244	0.46%	-	new	NEW
Jazz Pharmaceuticals PLC	JAZZ	$1.1M	4,598	0.46%	-0.05pp	2q	HELD
EPR PPTYS	EPR	$1.1M	18,945	0.46%	-	new	NEW
ROKU INC	ROKU	$1.1M	6,968	0.46%	-	new	NEW
Dominion Energy, Inc.	D	$1.1M	17,526	0.46%	-	new	NEW
ASHLAND INC	ASH	$1.0M	15,411	0.45%	-	new	NEW
HIGHWOODS PPTYS INC	HIW	$1.0M	35,881	0.45%	-	new	NEW
GEN DIGITAL INC	GEN	$1.0M	47,158	0.45%	-	new	NEW
TARGA RES CORP	TRGP	$1.0M	3,815	0.45%	-	new	NEW
Ovintiv Inc.	OVV	$1.0M	17,788	0.45%	+0.44pp	2q	+5086.0%+$1.0M
CF INDUSTRIES HOLD	CF	$1.0M	8,887	0.44%	-	new	NEW
MONSTER BEVERAGE CORP NEW	MNST	$1.0M	24,581	0.44%	-	new	NEW
PERMIAN RESOURCES CORP	PR	$1.0M	48,226	0.44%	-	new	NEW
PAYCHEX INC	PAYX	$1.0M	10,317	0.44%	-	new	NEW
CHORD ENERGY CORPORATION	CHRD	$1.0M	7,571	0.44%	-	new	NEW
NCINO INC	NCNO	$995.2K	54,891	0.43%	-	new	NEW
NUCOR CORP	NUE	$994.6K	4,255	0.43%	-	new	NEW
NVIDIA CORPORATION	NVDA	$958.2K	4,196	0.42%	+0.18pp	16q	+63.3%+$371.5K
PGIM ETF TR	PULS	$896.3K	18,122	0.39%	-0.05pp	6q	-5.0%-$47.1K
INVESCO EXCHANGE TRADED FD T	RSP	$893.9K	4,297	0.39%	-0.03pp	3q	+0.9%+$8.3K
VANGUARD TAX-MANAGED FDS	VEA	$892.2K	12,636	0.39%	-0.03pp	12q	HELD
VANGUARD BD INDEX FDS	BND	$875.6K	12,482	0.38%	-0.04pp	12q	+1.0%+$9.0K
LAM RESEARCH CORP	LRCX	$875.5K	2,665	0.38%	-	new	NEW
SCHWAB STRATEGIC TR	SCHP	$819.0K	32,590	0.35%	-0.03pp	32q	+3.4%+$26.7K
ISHARES TR	SUSL	$815.3K	5,982	0.35%	-0.09pp	22q	-17.8%-$177.0K
SPDR SERIES TRUST	SHM	$800.7K	17,163	0.35%	-0.02pp	20q	+2.7%+$21.4K
ISHARES TR	EAGG	$796.9K	17,611	0.35%	-0.02pp	13q	+6.6%+$49.2K
INVESCO EXCHANGE TRADED FD T	RSPG	$668.0K	6,216	0.29%	flat	28q	-3.1%-$21.5K
STATE STR SPDR S&P 500 ETF T PUT	SPY	$630.7K	327	0.27%	-0.09pp	16q	-28.0%-$244.9K
nan	RSPF	$609.4K	7,873	0.26%	-0.01pp	28q	+2.7%+$16.3K
GLOBAL X FDS	MLPA	$565.0K	10,613	0.24%	-0.01pp	20q	+1.2%+$6.5K
SCHWAB STRATEGIC TR	SCHH	$549.2K	24,920	0.24%	-0.03pp	32q	+2.7%+$14.6K
MICROSOFT CORP	MSFT	$496.4K	968	0.22%	+0.14pp	6q	+124.1%+$274.9K
INVESCO QQQ TR	QQQ	$473.5K	640	0.21%	-	new	NEW
SPDR SERIES TRUST	XBI	$440.7K	2,795	0.19%	+0.06pp	4q	+54.8%+$156.1K
ISHARES TR	IVV	$380.9K	497	0.17%	+0.07pp	12q	+89.7%+$180.1K
ISHARES TR	IWF	$375.8K	3,000	0.16%	-	new	NEW
SPDR SERIES TRUST	TFI	$366.7K	8,574	0.16%	-0.01pp	20q	+4.4%+$15.4K
APPLIED MATLS INC	AMAT	$354.9K	694	0.15%	-	new	NEW
GE VERNOVA INC	GEV	$352.6K	371	0.15%	-0.01pp	10q	+23.7%+$67.5K
ISHARES TR	SOXX	$352.6K	620	0.15%	-0.03pp	3q	+1.8%+$6.3K
ABBVIE INC	ABBV	$332.2K	1,270	0.14%	flat	12q	+0.7%+$2.4K
SCHWAB STRATEGIC TR	SCHO	$317.0K	13,285	0.14%	-0.01pp	32q	+1.8%+$5.8K
ISHARES TR	MBB	$314.6K	3,510	0.14%	-0.04pp	26q	-10.7%-$37.6K
ISHARES TR	IWM	$303.7K	1,093	0.13%	-0.04pp	12q	-11.6%-$39.7K
INVESCO EXCH TRADED FD TR II	PGX	$302.7K	30,057	0.13%	-0.01pp	20q	+3.2%+$9.4K
SCHWAB STRATEGIC TR	SCHG	$267.0K	7,431	0.12%	+0.05pp	12q	+90.8%+$127.1K
ISHARES TR	ESML	$259.8K	4,997	0.11%	-0.05pp	13q	-20.4%-$66.6K
JOHNSON & JOHNSON	JNJ	$258.8K	977	0.11%	+0.11pp	6q	+1644.6%+$243.9K
ADVANCED MICRO DEVICES INC	AMD	$247.8K	405	0.11%	+0.10pp	5q	+1057.1%+$226.4K
CISCO SYS INC	CSCO	$244.0K	2,267	0.11%	+0.10pp	6q	+3498.4%+$237.2K
AMAZON COM INC	AMZN	$234.9K	943	0.10%	flat	12q	HELD
ISHARES TR	IWV	$219.3K	508	0.10%	flat	3q	HELD
SCHWAB STRATEGIC TR	SCHB	$212.7K	7,258	0.09%	flat	12q	HELD
ISHARES TR	EEM	$207.2K	3,102	0.09%	-0.01pp	9q	HELD
INVESCO EXCH TRADED FD TR II	PCY	$207.0K	10,410	0.09%	-0.01pp	28q	+3.2%+$6.3K
NUSHARES ETF TR	NUHY	$197.4K	9,663	0.09%	flat	13q	+7.9%+$14.4K
ELI LILLY & CO	LLY	$190.9K	165	0.08%	-	new	NEW
KLA CORP	KLAC	$187.1K	960	0.08%	-	new	NEW
SELECT SECTOR SPDR TR	XLV	$183.1K	1,087	0.08%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VGIT	$180.8K	3,191	0.08%	-	new	NEW
ISHARES TR	IBHG	$170.3K	7,821	0.07%	flat	4q	+10.5%+$16.2K
FIRST TR EXCHANGE TRADED FD	CIBR	$167.7K	1,627	0.07%	-0.01pp	2q	-20.5%-$43.3K
MARVELL TECHNOLOGY INC	MRVL	$158.5K	600	0.07%	-	new	NEW
INVESCO EXCH TRADED FD TR II	BKLN	$157.8K	7,724	0.07%	flat	20q	+2.2%+$3.3K
PACER FDS TR	COWZ	$157.0K	2,351	0.07%	-	new	NEW
SELECT SECTOR SPDR TR	XLF	$156.1K	2,924	0.07%	-	new	NEW
PACER FDS TR	CALF	$155.8K	2,924	0.07%	-	new	NEW
INVESCO EXCH TRADED FD TR II	IFLN	$155.5K	8,919	0.07%	-0.01pp	15q	+1.3%+$2.0K
ISHARES TR	EUFN	$154.9K	3,895	0.07%	-	new	NEW
VANECK ETF TRUST	GDX	$148.3K	1,689	0.06%	-	new	NEW
ISHARES TR	AGG	$137.3K	1,452	0.06%	-0.01pp	12q	HELD
JANUS DETROIT STR TR	JAAA	$135.2K	2,678	0.06%	-	new	NEW
DBX ETF TR	DBEF	$130.1K	2,367	0.06%	+0.05pp	12q	+770.2%+$115.1K
ABRDN PRECIOUS METALS BASKET	GLTR	$128.0K	687	0.06%	flat	12q	HELD
BERKSHIRE HATHAWAY INC DEL	BRKB	$116.5K	234	0.05%	flat	15q	HELD
ALPHABET INC	GOOGL	$116.4K	338	0.05%	-0.47pp	6q	-89.4%-$978.4K
ISHARES TR	IJT	$114.2K	712	0.05%	-	new	NEW
ALPHABET INC	GOOG	$112.1K	329	0.05%	flat	12q	+4.8%+$5.1K
LOCKHEED MARTIN CORP	LMT	$105.9K	208	0.05%	-	new	NEW
VANGUARD INDEX FDS	VOO	$96.2K	137	0.04%	+0.04pp	7q	+585.0%+$82.1K
ISHARES TR	TLT	$95.7K	1,231	0.04%	-0.08pp	7q	-58.9%-$137.0K
ABBOTT LABORATORIES	ABT	$93.3K	944	0.04%	flat	12q	+0.6%
META PLATFORMS INC	META	$90.8K	125	0.04%	+0.01pp	6q	HELD
MERCK & CO INC	MRK	$90.7K	624	0.04%	+0.03pp	6q	+179.8%+$58.3K
VANGUARD INTL EQUITY INDEX F	VEU	$89.0K	1,073	0.04%	-	new	NEW
JPMORGAN CHASE & CO	JPM	$86.4K	261	0.04%	+0.03pp	6q	+690.9%+$75.5K
GOLDMAN SACHS ETF TR	GBIL	$84.6K	845	0.04%	-0.01pp	12q	-10.8%-$10.2K
iShares Tr	SHV	$84.5K	766	0.04%	-0.01pp	12q	-10.9%-$10.4K
ISHARES TR	TFLO	$84.5K	1,667	0.04%	-0.01pp	12q	-11.3%-$10.7K
SPDR GOLD TR	GLD	$81.1K	213	0.04%	-	new	NEW
PEPSICO INC	PEP	$79.8K	630	0.03%	+0.03pp	6q	+12500.0%+$79.2K
COSTCO WHOLESALE CORPORATION	COST	$75.9K	83	0.03%	flat	12q	HELD
VANGUARD INDEX FDS	VB	$75.4K	265	0.03%	+0.02pp	12q	+320.6%+$57.5K
AMERICAN AIRLINES GROUP INC	AAL	$74.2K	5,549	0.03%	flat	12q	+35.4%+$19.4K
FOX CORP	FOXA	$72.3K	1,154	0.03%	-	new	NEW
EXXONMOBIL HOLDINGS CORP	XOM	$71.8K	441	0.03%	-	new	NEW
GE AEROSPACE	GE	$70.9K	227	0.03%	-	new	NEW
EXELON CORP	EXC	$70.2K	1,738	0.03%	flat	2q	+10.6%+$6.7K
FIDELITY COVINGTON TRUST	FHLC	$69.9K	855	0.03%	-	new	NEW
BXP INC	BXP	$69.5K	1,138	0.03%	-	new	NEW
LUMENTUM HLDGS INC	LITE	$69.0K	71	0.03%	-0.50pp	2q	-94.6%-$1.2M
CROWN HLDGS INC	CCK	$68.9K	654	0.03%	-	new	NEW
BALL CORP	BALL	$68.1K	1,215	0.03%	-	new	NEW
INVESCO EXCH TRADED FD TR II	RWJ	$67.0K	1,192	0.03%	-	new	NEW
NEWMONT CORP	NEM	$67.0K	581	0.03%	-	new	NEW
LIBERTY GLOBAL LTD	LBTYA	$67.0K	7,339	0.03%	-0.44pp	5q	-91.8%-$746.9K
PINNACLE WEST CAP CORP	PNW	$65.4K	703	0.03%	-	new	NEW
HOST HOTELS & RESORTS INC	HST	$65.4K	2,921	0.03%	-	new	NEW
ISHARES U S ETF TR	NEAR	$64.2K	1,287	0.03%	flat	2q	HELD
CSX CORP	CSX	$63.8K	1,371	0.03%	-	new	NEW
ISHARES TR	IJS	$61.5K	480	0.03%	-	new	NEW
VANGUARD INDEX FDS	VBK	$60.8K	180	0.03%	+0.03pp	7q	+2471.4%+$58.4K
AMGEN INC	AMGN	$60.7K	144	0.03%	-	new	NEW
INTEL CORP	INTC	$60.1K	500	0.03%	-	new	NEW
SCHWAB STRATEGIC TR	SCHF	$59.6K	2,171	0.03%	+0.02pp	12q	+200.7%+$39.8K
NORFOLK SOUTHN CORP	NSC	$59.6K	193	0.03%	-	new	NEW
WORLD GOLD TR	GLDM	$57.9K	704	0.03%	-	new	NEW
ALPS ETF TR	AMLP	$57.2K	1,102	0.02%	flat	12q	HELD
PALANTIR TECHNOLOGIES INC	PLTR	$56.9K	304	0.02%	+0.01pp	5q	HELD
NASDAQ INC	NDAQ	$55.2K	600	0.02%	-	new	NEW
STMICROELECTRONICS N V	STM	$53.4K	1,000	0.02%	-	new	NEW
COCA COLA CO	KO	$52.9K	614	0.02%	-	new	NEW
BOEING CO	BA	$51.5K	277	0.02%	flat	12q	+56.5%+$18.6K
LINCOLN NATL CORP IND	LNC	$49.2K	1,222	0.02%	flat	6q	+1.0%
INTERNATIONAL BUSINESS MACHS	IBM	$47.5K	216	0.02%	-	new	NEW
ISHARES TR	MUB	$43.4K	429	0.02%	flat	4q	HELD
DANAHER CORP DEL	DHR	$42.5K	192	0.02%	-	new	NEW
VANGUARD INDEX FDS	VTI	$41.2K	110	0.02%	-0.02pp	12q	-42.7%-$30.7K
ISHARES TR	IWP	$39.8K	289	0.02%	-	new	NEW
ISHARES TR	DVY	$39.4K	259	0.02%	flat	12q	HELD
CARNIVAL CORP LTD	CCL	$37.6K	1,531	0.02%	flat	2q	HELD
INVESCO EXCH TRADED FD TR II	CGW	$37.4K	600	0.02%	-	new	NEW
RTX CORPORATION	RTX	$37.3K	201	0.02%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VCLT	$36.8K	537	0.02%	flat	7q	+1.9%
HERSHEY CO	HSY	$35.8K	227	0.02%	+0.01pp	6q	+1413.3%+$33.5K
SPDR SERIES TRUST	SDY	$35.2K	240	0.02%	flat	12q	HELD
VANGUARD INDEX FDS	VNQ	$35.0K	391	0.02%	-	new	NEW
ISHARES U S ETF TR	MEAR	$34.3K	691	0.01%	flat	3q	HELD
ISHARES TR	LQD	$34.1K	334	0.01%	flat	12q	+13.2%+$4.0K
ISHARES TR	SCZ	$33.0K	391	0.01%	-	new	NEW
UBER TECHNOLOGIES INC	UBER	$32.3K	471	0.01%	+0.01pp	6q	+292.5%+$24.0K
VISA INC	V	$32.0K	89	0.01%	-	new	NEW
TIDAL TRUST I UNUSUAL SUBVERSI	NANC	$31.2K	595	0.01%	flat	7q	HELD
SPDR SERIES TRUST	HYMB	$29.2K	1,246	0.01%	flat	12q	-10.6%-$3.5K
NEBIUS GROUP N.V.	NBIS	$28.3K	120	0.01%	flat	3q	+9.1%+$2.4K
SCHWAB STRATEGIC TR	SCMB	$28.3K	1,170	0.01%	flat	3q	-14.3%-$4.7K
BROADCOM INC	AVGO	$27.8K	79	0.01%	flat	6q	HELD
VEEVA SYS INC	VEEV	$27.4K	96	0.01%	-	new	NEW
TESLA INC	TSLA	$27.3K	77	0.01%	flat	18q	+2.7%
SPACE EXPLORATION TECHN CORP	SPCX	$25.1K	167	0.01%	flat	2q	+67.0%+$10.1K
ISHARES TR	EFG	$24.7K	206	0.01%	-	new	NEW
MID PENN BANCORP INC	MPB	$24.4K	688	0.01%	-	new	NEW
ISHARES TR	IBB	$23.2K	110	0.01%	-	new	NEW
VANGUARD WHITEHALL FDS	VIGI	$23.0K	244	0.01%	-	new	NEW
ISHARES TR	IEI	$22.9K	202	0.01%	flat	7q	HELD
ISHARES TR	TIP	$22.2K	213	0.01%	flat	12q	+4.4%
HOME DEPOT INC	HD	$21.3K	75	0.01%	-	new	NEW
ONEOK INC NEW	OKE	$21.1K	248	0.01%	-	new	NEW
ISHARES TR	IEFA	$20.5K	212	0.01%	-	new	NEW
ISHARES TR	IGIB	$20.4K	405	0.01%	flat	12q	+25.4%+$4.1K
US BANCORP	USB	$19.8K	342	0.01%	-	new	NEW
CONSTELLATION BRANDS INC	STZ	$19.6K	173	0.01%	-	new	NEW
PFIZER INC	PFE	$19.4K	681	0.01%	-	new	NEW
VANGUARD INTL EQUITY INDEX F	VWO	$18.7K	315	0.01%	+0.01pp	12q	+392.2%+$14.9K
SCHWAB STRATEGIC TR	SCHD	$17.6K	542	0.01%	-	new	NEW
VANGUARD SPECIALIZED FUNDS	VIG	$17.5K	75	0.01%	-	new	NEW
BANK OF AMER CORP	BAC	$17.4K	320	0.01%	flat	6q	HELD
PUBLIC STORAGE	PSA	$17.4K	62	0.01%	flat	6q	HELD
SCHWAB STRATEGIC TR	SCHE	$16.4K	451	0.01%	flat	12q	+2.0%
ISHARES TR	IJJ	$16.1K	117	0.01%	-	new	NEW
SELECT SECTOR SPDR TR	XLP	$15.6K	194	0.01%	flat	12q	HELD
TOLL BROTHERS INC	TOL	$14.7K	109	0.01%	flat	6q	HELD
ISHARES TR	IJR	$14.3K	105	0.01%	-	new	NEW
SANDISK CORP	SNDK	$13.9K	8	0.01%	flat	2q	+14.3%+$1.7K
BLACKROCK INC	BLK	$12.8K	12	0.01%	flat	6q	+140.0%+$7.4K
SELECT SECTOR SPDR TR	XLK	$12.5K	64	0.01%	-0.08pp	2q	-93.3%-$174.0K
SMITH A O CORP	AOS	$11.3K	200	0.00%	-	new	NEW
SELECT SECTOR SPDR TR	XLY	$11.0K	101	0.00%	flat	12q	HELD
CARVANA CO	CVNA	$10.9K	175	0.00%	flat	6q	HELD
ASE TECHNOLOGY HLDG CO LTD	ASX	$10.9K	245	0.00%	flat	3q	HELD
TJX COS INC NEW	TJX	$10.8K	82	0.00%	flat	6q	+1.2%
CARRIER GLOBAL CORPORATION	CARR	$10.8K	196	0.00%	-	new	NEW
ISHARES TR	EFA	$10.1K	97	0.00%	-	new	NEW
HSBC HLDGS PLC	HSBC	$9.5K	96	0.00%	-	new	NEW
ISHARES TR	EMB	$8.8K	97	0.00%	-2.00pp	12q	-99.8%-$4.1M
AVNET INC	AVT	$8.8K	88	0.00%	-	new	NEW
ISHARES BITCOIN TRUST ETF	IBIT	$7.7K	162	0.00%	flat	11q	HELD
MGIC INVT CORP WIS	MTG	$7.6K	296	0.00%	-	new	NEW
VANGUARD ADMIRAL FDS INC	VOOV	$7.6K	34	0.00%	flat	6q	HELD
AST SPACEMOBILE INC	ASTS	$7.1K	121	0.00%	flat	3q	+0.8%
VODAFONE GROUP PLC	VOD	$7.1K	440	0.00%	-	new	NEW
VANGUARD WORLD FD	VFH	$6.8K	52	0.00%	-	new	NEW
TEXAS INSTRS INC	TXN	$6.7K	24	0.00%	-	new	NEW
SELECT SECTOR SPDR TR	XLI	$6.7K	40	0.00%	flat	12q	HELD
GE HEALTHCARE TECHNOLOGIES I	GEHC	$6.7K	102	0.00%	-	new	NEW
3M CO	MMM	$6.6K	40	0.00%	-	new	NEW
TAPESTRY INC	TPR	$6.4K	56	0.00%	-0.52pp	3q	-99.3%-$882.1K
AFLAC INC	AFL	$6.4K	58	0.00%	flat	6q	+1.8%
INVESCO EXCH TRADED FD TR II	SPMO	$6.4K	42	0.00%	flat	4q	HELD
OTIS WORLDWIDE CORP	OTIS	$6.3K	98	0.00%	-	new	NEW
WALMART INC	WMT	$6.2K	60	0.00%	flat	6q	HELD
PACER FDS TR	ICOW	$5.7K	136	0.00%	-	new	NEW
KROGER CO	KR	$5.6K	96	0.00%	-	new	NEW
ROBINHOOD MKTS INC	HOOD	$5.6K	50	0.00%	flat	2q	HELD
QUEST DIAGNOSTICS INC	DGX	$5.6K	24	0.00%	-	new	NEW
MARATHON PETE CORP	MPC	$5.5K	14	0.00%	-	new	NEW
NEXTERA ENERGY INC	NEE	$5.5K	72	0.00%	-	new	NEW
ROCKET LAB CORP	RKLB	$5.2K	75	0.00%	flat	3q	HELD
REPUBLIC SVCS INC	RSG	$5.0K	24	0.00%	-	new	NEW
CAPITAL ONE FINL CORP	COF	$4.9K	25	0.00%	flat	3q	HELD
ARCHROCK INC	AROC	$4.8K	160	0.00%	-	new	NEW
MAIN STR CAP CORP	MAIN	$4.8K	88	0.00%	-	new	NEW
DARDEN RESTAURANTS INC	DRI	$4.6K	24	0.00%	-	new	NEW
DOVER CORP	DOV	$4.5K	24	0.00%	-	new	NEW
HIMS & HERS HEALTH INC	HIMS	$4.5K	150	0.00%	flat	2q	HELD
ISHARES TR	SHY	$4.5K	55	0.00%	flat	2q	HELD
IREN LIMITED	IREN	$4.4K	108	0.00%	flat	3q	+2.9%
VANGUARD WORLD FD	VCR	$4.4K	12	0.00%	flat	7q	HELD
VANGUARD STAR FDS	VXUS	$4.3K	50	0.00%	flat	3q	HELD
EMERSON ELEC CO	EMR	$4.2K	27	0.00%	flat	6q	HELD
MCDONALDS CORP	MCD	$4.0K	17	0.00%	flat	7q	HELD
L3HARRIS TECHNOLOGIES INC	LHX	$3.8K	16	0.00%	flat	6q	HELD
STARBUCKS CORP	SBUX	$3.7K	39	0.00%	flat	6q	HELD
FEDEX CORP	FDX	$3.4K	12	0.00%	-0.47pp	6q	-99.6%-$928.3K
HALLIBURTON CO	HAL	$3.2K	101	0.00%	flat	3q	HELD
WEC ENERGY GROUP INC	WEC	$3.2K	32	0.00%	-0.03pp	7q	-95.2%-$63.0K
NETFLIX INC.	NFLX	$3.0K	43	0.00%	flat	3q	HELD
VERIZON COMMUNICATIONS INC	VZ	$2.9K	64	0.00%	-0.47pp	2q	-99.7%-$1.1M
BP PLC	BP	$2.7K	62	0.00%	-	new	NEW
WELLS FARGO & CO	WFC	$2.7K	34	0.00%	flat	6q	HELD
COREWEAVE INC	CRWV	$2.4K	27	0.00%	flat	4q	+28.6%
ARTISAN PARTNERS ASSET MGMT	APAM	$2.3K	64	0.00%	-	new	NEW
NRG ENERGY INC	NRG	$2.2K	23	0.00%	flat	6q	HELD
DELTA AIR LINES INC	DAL	$2.2K	26	0.00%	flat	6q	HELD
ARCHER AVIATION INC	ACHR	$2.1K	425	0.00%	flat	6q	HELD
WABTEC	WAB	$2.0K	7	0.00%	-	new	NEW
FLAGSTAR BANK NATIONAL ASSOC	FLG	$2.0K	170	0.00%	flat	9q	HELD
SPDR SERIES TRUST	JNK	$1.9K	21	0.00%	flat	12q	HELD
SELECT SECTOR SPDR TR	XLRE	$1.6K	40	0.00%	-	new	NEW
POST HLDGS INC	POST	$1.6K	22	0.00%	-	new	NEW
BITMINE IMMERSION TECHS INC	BMNR	$1.6K	60	0.00%	flat	3q	HELD
SOFI TECHNOLOGIES INC	SOFI	$1.6K	100	0.00%	flat	2q	HELD
PROCTER & GAMBLE CO	PG	$1.3K	9	0.00%	flat	12q	HELD
GEVO INC	GEVO	$1.3K	1,000	0.00%	flat	3q	HELD
DOORDASH INC	DASH	$1.1K	6	0.00%	flat	6q	HELD
LULULEMON ATHLETICA INC	LULU	$1.1K	11	0.00%	flat	6q	HELD
OBSIDIAN ENERGY LTD	OBE	$1.0K	100	0.00%	-	new	NEW
BRIGHTHOUSE FINL INC	BHF	$998	20	0.00%	flat	6q	HELD
PHILLIPS 66	PSX	$980	4	0.00%	flat	7q	HELD
FLUENCE ENERGY INC	FLNC	$951	43	0.00%	flat	2q	HELD
CALLAWAY GOLF CO	CALY	$846	60	0.00%	flat	6q	HELD
SCHWAB STRATEGIC TR	SCHX	$840	28	0.00%	flat	7q	+33.3%
MGM RESORTS INTERNATIONAL	MGM	$777	25	0.00%	flat	6q	HELD
LUCID GROUP INC	LCID	$770	189	0.00%	flat	5q	HELD
VANGUARD SCOTTSDALE FDS	VONE	$701	2	0.00%	flat	7q	HELD
GOODRX HLDGS INC	GDRX	$658	200	0.00%	flat	5q	HELD
V F CORP	VFC	$171	12	0.00%	flat	6q	HELD
AT&T INC	T	$147	6	0.00%	-	new	NEW
KEEL INFRASTRUCTURE CORP	KEEL	$123	39	0.00%	flat	2q	HELD
CALUMET INC	CLMT	$105	2	0.00%	-	new	NEW
HARMONIC INC	HLIT	$62	5	0.00%	flat	2q	HELD
CORGI ETF TR I	EUV	$56	2	0.00%	flat	2q	HELD
SLB LIMITED	SLB	$49	1	0.00%	-0.50pp	2q	-100.0%-$1.1M
MP MATERIALS CORP	MP	$48	1	0.00%	-	new	NEW
ROCKET COS INC	RKT	$47	4	0.00%	-	new	NEW
BREAKWAVE DRY BULK SHIPPING	BDRY	$44	3	0.00%	-	new	NEW
APPLOVIN CORP	APP	$36	none filed	0.00%	-	new	NEW
ALLIANCEBERNSTEIN HLDG L P	AB	$35	1	0.00%	-	new	NEW
WARNER BROS DISCOVERY INC	WBD	$31	1	0.00%	-	new	NEW
ONDAS INC	ONDS	$30	4	0.00%	flat	4q	-96.0%
LITHIUM AMERS CORP NEW	LAC	$27	10	0.00%	-	new	NEW
BOOST RUN INC	BRUN	$21	1	0.00%	flat	2q	HELD
RECURSION PHARMACEUTICALS IN	RXRX	$21	5	0.00%	-	new	NEW
IPERIONX LTD	IPX	$17	1	0.00%	-	new	NEW
ALMONTY INDS INC	ALM	$14	1	0.00%	-	new	NEW
BATTALION OIL CORP	BATL	$13	6	0.00%	flat	3q	HELD
ENERGY FUELS INC	UUUU	$12	1	0.00%	-	new	NEW
LightPath Technologies, Inc.	LPTH	$11	1	0.00%	-	new	NEW
NOKIA CORP	NOK	$11	1	0.00%	-	new	NEW
MCKINLEY A	MKLY	$11	1	0.00%	-	new	NEW
TRIO TECH INTL	TRT	$7	1	0.00%	-	new	NEW
CASTELLUM INC	CTM	$4	5	0.00%	-	new	NEW

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
Business Services	$7.8M	3.4%
Utilities	$4.5M	2.0%
Real Estate	$4.4M	1.9%
Energy	$4.2M	1.8%
Software & IT Services	$4.2M	1.8%
Insurance	$3.5M	1.5%
Other sectors	$28.2M	12.2%
Not classified	$173.8M	75.3%

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	-2.5%	+2.1%	-4.6%	100%
Q2 2026	+9.9%	+14.8%	-4.9%	100%
Q1 2026	+0.4%	-4.6%	+5.0%	99%
Q4 2025	+0.6%	+2.4%	-1.7%	100%
Q3 2025	+4.7%	+7.8%	-3.1%	100%
Q2 2025	+6.1%	+10.5%	-4.3%	100%
Q1 2025	-4.1%	-4.6%	+0.4%	100%
Q4 2024	-2.0%	+2.1%	-4.1%	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	$230.7M	343	147	89	30	57	37.0%	27
Q2 2026	$216.6M	253	69	52	40	59	36.7%	13
Q1 2026	$199.5M	243	76	61	33	83	36.5%	20
Q4 2025	$194.4M	250	62	43	69	78	37.1%	27
Q3 2025	$193.7M	266	65	61	35	59	38.8%	15
Q2 2025	$182.4M	260	108	58	49	60	37.6%	23
Q1 2025	$167.4M	212	56	68	54	101	39.0%	21
Q4 2024	$171.1M	257	108	46	39	79	40.6%	13
Q3 2024	$170.8M	228	95	50	38	90	41.9%	17
Q2 2024	$160.4M	223	79	53	56	77	40.3%	16
Q1 2024	$162.5M	221	74	52	52	81	40.7%	25
Q4 2023	$153.3M	228	169	17	31	44	40.9%	29
Q3 2023	$147.4M	103	46	26	27	45	39.6%	17
Q2 2023	$149.8M	102	42	22	31	45	39.0%	21
Q1 2023	$142.2M	105	47	32	18	45	40.9%	32
Q4 2022	$143.7M	103	58	14	19	15	40.1%	31
Q3 2022	$143.6M	60	8	20	26	10	41.7%	25
Q2 2022	$152.1M	62	17	17	24	13	50.2%	11
Q1 2022	$169.0M	58	10	27	16	24	52.6%	28
Q4 2021	$161.2M	72	22	17	19	19	44.8%	69
Q3 2021	$169.1M	69	13	30	11	10	48.9%	13
Q2 2021	$166.8M	66	25	36	3	9	44.2%	14
Q1 2021	$135.8M	50	14	9	27	13	47.7%	40
Q4 2020	$134.1M	49	9	13	26	10	48.0%	35
Q3 2020	$124.7M	50	14	10	25	8	45.0%	35
Q2 2020	$116.7M	44	12	4	27	12	56.4%	29
Q1 2020	$105.1M	44	9	9	25	15	47.8%	24
Q4 2019	$131.2M	50	20	16	11	20	49.0%	28
Q3 2019	$127.3M	50	7	15	22	17	55.7%	29
Q2 2019	$116.5M	60	14	35	9	11	49.0%	12
Q1 2019	$116.8M	57	18	27	12	10	54.5%	43
Q4 2018	$106.8M	49	0	0	0	0	57.4%	17

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.