DaveManuel.com · Institutional Ownership · 13F Holdings
Farmers National Bank
Reported holdings as of Q2 2026, from 23 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $29.2M | 101,024 | +0.37pp | 23q | -1.3%-$394.4K | |
| FLEXSHARES TR | TDTF | $27.8M | 1,171,182 | +0.75pp | 23q | +23.0%+$5.2M | |
| MICROSOFT CORP | MSFT | $21.7M | 58,070 | -0.07pp | 23q | +3.2%+$678.5K | |
| JPMORGAN CHASE & CO | JPM | $19.5M | 59,566 | -0.15pp | 23q | -8.4%-$1.8M | |
| BROADCOM INC | AVGO | $19.5M | 51,544 | -0.07pp | 16q | -14.8%-$3.4M | |
| ALPHABET INC | GOOG | $18.7M | 52,854 | +0.56pp | 23q | HELD | |
| FLEXSHARES TR | GUNR | $16.3M | 330,316 | -0.01pp | 23q | +17.9%+$2.5M | |
| JOHNSON & JOHNSON | JNJ | $14.8M | 58,294 | -0.08pp | 23q | -0.9%-$140.7K | |
| CISCO SYS INC | CSCO | $12.0M | 102,242 | +0.79pp | 23q | +2.0%+$238.4K | |
| NVIDIA CORPORATION | NVDA | $11.6M | 58,220 | +0.51pp | 23q | +16.6%+$1.7M | |
| CHEVRON CORPORATION | CVX | $8.9M | 53,913 | -0.53pp | 23q | +2.9%+$248.8K | |
| VISA INC | V | $8.8M | 25,614 | +0.10pp | 23q | -1.2%-$110.1K | |
| MCDONALDS CORP | MCD | $8.7M | 32,342 | -0.21pp | 23q | +8.8%+$707.7K | |
| HOME DEPOT INC | HD | $8.6M | 24,396 | -0.03pp | 23q | -3.1%-$271.9K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $8.3M | 29,621 | +0.20pp | 23q | +2.9%+$234.8K | |
| PROCTER & GAMBLE CO | PG | $7.4M | 50,235 | -0.11pp | 23q | -2.6%-$200.2K | |
| EATON CORP PLC | ETN | $6.2M | 14,651 | +0.33pp | 4q | +18.5%+$976.2K | |
| ALLSTATE CORP | ALL | $6.2M | 25,919 | +0.09pp | 23q | -1.2%-$76.9K | |
| EXXON MOBIL CORP | XOM | $6.1M | 44,684 | -0.42pp | 23q | -1.5%-$93.1K | |
| NEXTERA ENERGY INC | NEE | $6.1M | 69,463 | -0.16pp | 23q | HELD | |
| VANGUARD WORLD FD | VGT | $5.8M | 48,581 | +0.24pp | 23q | -3.5%-$212.6K | |
| COCA COLA CO | KO | $5.6M | 68,936 | flat | 23q | -1.0%-$53.8K | |
| DISNEY WALT CO | DIS | $5.2M | 54,002 | -0.10pp | 23q | -3.1%-$168.9K | |
| ELI LILLY & CO | LLY | $4.9M | 4,087 | +0.12pp | 23q | -8.6%-$461.8K | |
| CVS HEALTH CORP | CVS | $4.9M | 47,098 | +0.26pp | 23q | -1.8%-$87.2K | |
| ALPHABET INC | GOOGL | $4.8M | 13,458 | +0.14pp | 23q | -1.5%-$75.4K | |
| AMAZON COM INC | AMZN | $4.7M | 19,668 | +0.05pp | 23q | -2.1%-$102.5K | |
| MASTERCARD INCORPORATED | MA | $4.6M | 9,011 | -0.05pp | 23q | -2.5%-$120.7K | |
| DUKE ENERGY CORP NEW | DUK | $4.4M | 35,003 | -0.08pp | 23q | +0.6%+$27.1K | |
| NORFOLK SOUTHN CORP | NSC | $4.4M | 14,074 | -0.14pp | 23q | -15.9%-$840.0K | |
| STARBUCKS CORP | SBUX | $4.4M | 42,960 | +0.03pp | 23q | -3.7%-$168.4K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $4.3M | 5,739 | +0.02pp | 23q | -6.3%-$290.5K | |
| ANALOG DEVICES INC | ADI | $4.1M | 10,280 | +0.15pp | 7q | +2.8%+$110.8K | |
| GENERAL DYNAMICS CORP | GD | $4.0M | 11,205 | -0.02pp | 23q | -0.5%-$21.6K | |
| UNITEDHEALTH GROUP INC | UNH | $3.9M | 9,323 | +0.26pp | 23q | +0.7%+$25.8K | |
| MEDTRONIC PLC | MDT | $3.6M | 45,969 | -0.10pp | 18q | +3.6%+$125.9K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $3.4M | 16,045 | +0.07pp | 9q | +5.3%+$172.8K | |
| ABBVIE INC | ABBV | $3.3M | 13,102 | +0.04pp | 23q | -3.7%-$127.1K | |
| WISDOMTREE TR | DES | $3.1M | 75,796 | +0.02pp | 22q | -3.6%-$115.2K | |
| ACCENTURE PLC IRELAND | ACN | $3.0M | 24,215 | -0.36pp | 23q | +7.2%+$203.5K | |
| AT&T INC | T | $2.9M | 141,759 | -0.27pp | 23q | +3.0%+$84.3K | |
| CATERPILLAR INC | CAT | $2.8M | 2,676 | +0.16pp | 23q | -2.8%-$80.9K | |
| ECOLAB INC | ECL | $2.7M | 9,817 | -0.01pp | 23q | -1.5%-$41.5K | |
| WISDOMTREE TR | DON | $2.5M | 43,639 | +0.02pp | 21q | +1.4%+$34.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.5M | 4,917 | -0.02pp | 23q | -3.4%-$87.6K | |
| WISDOMTREE TR | DTH | $2.4M | 44,352 | -0.05pp | 23q | -3.9%-$96.3K | |
| WALMART INC | WMT | $2.4M | 21,157 | -0.10pp | 23q | -3.5%-$87.1K | |
| TARGET CORP | TGT | $2.4M | 18,277 | +0.02pp | 18q | +2.2%+$51.5K | |
| TRUIST FINL CORP | TFC | $2.4M | 47,676 | flat | 21q | -1.7%-$39.9K | |
| META PLATFORMS INC | META | $2.2M | 3,976 | -0.05pp | 12q | -3.4%-$78.3K | |
| ISHARES TR | IWR | $2.1M | 18,906 | flat | 23q | -6.8%-$151.4K | |
| PFIZER INC | PFE | $2.0M | 83,320 | -0.10pp | 23q | HELD | |
| CORNING INC | GLW | $2.0M | 7,792 | +0.23pp | 4q | +28.9%+$446.2K | |
| MONDELEZ INTL INC | MDLZ | $1.9M | 32,786 | -0.02pp | 23q | HELD | |
| ISHARES TR | IWM | $1.9M | 6,283 | +0.03pp | 23q | -4.6%-$90.1K | |
| COMCAST CORP NEW | CMCSA | $1.9M | 76,707 | -0.11pp | 23q | -2.6%-$50.2K | |
| AMGEN INC | AMGN | $1.9M | 5,193 | -0.01pp | 23q | HELD | |
| RTX CORPORATION | RTX | $1.8M | 9,659 | -0.06pp | 21q | -6.9%-$136.8K | |
| PEPSICO INC | PEP | $1.8M | 13,430 | -0.11pp | 23q | -5.3%-$102.5K | |
| ISHARES TR | DVY | $1.5M | 9,913 | -0.01pp | 23q | -1.7%-$26.7K | |
| ISHARES TR | GNMA | $1.5M | 34,292 | -0.02pp | 21q | HELD | |
| ISHARES TR | MBB | $1.5M | 16,031 | -0.02pp | 21q | HELD | |
| ISHARES TR | IWF | $1.5M | 11,948 | +0.02pp | 23q | -3.1%-$48.2K | |
| VANGUARD INDEX FDS | VOO | $1.5M | 2,139 | +0.02pp | 15q | HELD | |
| DIMENSIONAL ETF TRUST | DFUV | $1.5M | 26,382 | +0.01pp | 16q | -4.1%-$62.0K | |
| ISHARES TR | IVV | $1.4M | 1,924 | flat | 23q | -6.9%-$106.3K | |
| ISHARES TR | GOVT | $1.4M | 62,706 | flat | 9q | +8.0%+$105.4K | |
| VANGUARD INDEX FDS | VO | $1.4M | 17,700 | +0.02pp | 23q | +2.3%+$32.2K | |
| LOWES COS INC | LOW | $1.4M | 6,367 | -0.05pp | 23q | -2.7%-$39.7K | |
| ISHARES TR | IBDR | $1.4M | 57,897 | -0.01pp | 21q | DEBT | |
| INVESCO EXCH TRD SLF IDX FD | BSMU | $1.4M | 61,618 | -0.01pp | 18q | +1.7%+$22.4K | |
| ISHARES TR | MUB | $1.3M | 12,518 | -0.01pp | 10q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $1.3M | 2,278 | +0.17pp | 3q | -1.4%-$18.6K | |
| VANGUARD INDEX FDS | VUG | $1.3M | 15,189 | +0.04pp | 23q | +3.5%+$44.2K | |
| KLA CORP | KLAC | $1.3M | 4,322 | +0.11pp | 10q | -14.1%-$213.6K | |
| INVESCO EXCH TRD SLF IDX FD | BSMS | $1.3M | 54,804 | -0.01pp | 18q | +1.2%+$15.0K | |
| SOUTHERN CO | SO | $1.3M | 13,236 | -0.04pp | 23q | -7.2%-$98.0K | |
| INVESCO EXCH TRD SLF IDX FD | BSMQ | $1.2M | 51,939 | -0.03pp | 21q | -4.2%-$53.4K | |
| INVESCO EXCH TRD SLF IDX FD | BSMT | $1.2M | 53,086 | -0.01pp | 21q | +1.2%+$15.0K | |
| INVESCO EXCH TRD SLF IDX FD | BSMR | $1.2M | 51,290 | -0.01pp | 18q | HELD | |
| ISHARES TR | IBDT | $1.2M | 47,792 | -0.02pp | 21q | HELD | |
| MERCK & CO INC | MRK | $1.2M | 9,329 | -0.01pp | 23q | -4.2%-$52.8K | |
| INVESCO EXCH TRD SLF IDX FD | BSMV | $1.2M | 57,080 | -0.01pp | 14q | +1.2%+$14.5K | |
| SELECT SECTOR SPDR TR | XLC | $1.2M | 10,842 | -0.02pp | 14q | HELD | |
| ISHARES TR | IBDS | $1.2M | 47,715 | -0.01pp | 21q | DEBT | |
| DEERE CO | DE | $1.2M | 1,821 | +0.01pp | 23q | HELD | |
| BANK OF NY MELLON CORP | BNY | $1.1M | 7,718 | +0.03pp | 23q | -1.7%-$18.8K | |
| ISHARES TR | IBDV | $1.1M | 49,768 | -0.01pp | 18q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.0M | 2,091 | -0.04pp | 6q | -12.0%-$143.4K | |
| ISHARES TR | IBDU | $1.0M | 44,711 | -0.01pp | 21q | HELD | |
| UNION PAC CORP | UNP | $1.0M | 3,781 | +0.01pp | 23q | -0.5%-$5.2K | |
| VANGUARD INDEX FDS | VV | $1.0M | 2,934 | +0.01pp | 23q | -4.9%-$51.6K | |
| ISHARES TR | IVW | $1.0M | 7,332 | +0.03pp | 9q | HELD | |
| VANGUARD INDEX FDS | VB | $983.9K | 3,246 | +0.02pp | 23q | HELD | |
| ORACLE CORP | ORCL | $983.1K | 6,708 | -0.02pp | 23q | -4.3%-$43.8K | |
| ISHARES TR | IXN | $960.8K | 6,650 | +0.05pp | 3q | HELD | |
| ISHARES TR | IBDW | $952.6K | 45,709 | -0.01pp | 18q | +2.4%+$22.0K | |
| HOWMET AEROSPACE INC | HWM | $906.1K | 3,370 | +0.02pp | 9q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $884.4K | 1,693 | +0.01pp | 23q | -2.9%-$26.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $862.5K | 922 | -0.03pp | 13q | -3.9%-$34.6K | |
| ISHARES TR | IBDX | $858.5K | 34,080 | -0.01pp | 9q | +1.5%+$12.5K | |
| PHILIP MORRIS INTL INC | PM | $856.6K | 4,735 | -0.03pp | 7q | -17.5%-$181.1K | |
| TJX COS INC NEW | TJX | $839.0K | 5,538 | -0.04pp | 23q | -7.8%-$71.2K | |
| VANGUARD TAX-MANAGED FDS | VEA | $794.3K | 11,148 | flat | 23q | -6.6%-$56.1K | |
| SELECT SECTOR SPDR TR | XLK | $791.6K | 4,155 | +0.04pp | 12q | -2.0%-$16.0K | |
| SPDR GOLD TR | GLD | $784.6K | 2,130 | -0.04pp | 6q | -1.5%-$12.2K | |
| APPLIED MATLS INC | AMAT | $768.5K | 1,063 | +0.08pp | 5q | -1.8%-$14.5K | |
| ISHARES TR | IJH | $736.3K | 9,549 | +0.01pp | 23q | -0.6%-$4.8K | |
| VANGUARD INDEX FDS | VNQ | $727.8K | 7,547 | -0.01pp | 23q | -7.7%-$60.9K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $718.6K | 3,037 | flat | 23q | -3.5%-$26.0K | |
| EMERSON ELEC CO | EMR | $713.0K | 4,981 | flat | 23q | -0.6%-$4.3K | |
| MORGAN STANLEY | MS | $708.6K | 3,390 | +0.02pp | 23q | -2.8%-$20.5K | |
| ADAMS DIVERSIFIED EQUITY FD | ADX | $695.8K | 27,234 | +0.01pp | 6q | HELD | |
| ABBOTT LABORATORIES | ABT | $683.2K | 7,529 | -0.07pp | 23q | -20.5%-$176.5K | |
| INTEL CORP | INTC | $670.9K | 4,805 | +0.09pp | 23q | -0.9%-$6.4K | |
| ISHARES TR | AGG | $665.1K | 6,720 | -0.02pp | 14q | -5.8%-$41.3K | |
| SALESFORCE INC | CRM | $593.3K | 3,787 | -0.04pp | 7q | -6.7%-$42.8K | |
| UNITED PARCEL SVCS INC | UPS | $592.2K | 5,509 | -0.01pp | 23q | -11.8%-$78.9K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $585.8K | 10,167 | -0.02pp | 23q | -2.8%-$17.0K | |
| DARDEN RESTAURANTS INC | DRI | $583.2K | 2,831 | flat | 23q | -0.8%-$4.7K | |
| ISHARES TR | ESML | $579.3K | 10,357 | +0.02pp | 9q | +2.4%+$13.7K | |
| ISHARES TR | IWB | $568.4K | 1,388 | +0.01pp | 14q | HELD | |
| AMPHENOL CORP | APH | $554.0K | 3,142 | +0.02pp | 3q | -7.5%-$44.8K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $537.7K | 2,401 | flat | 23q | -1.2%-$6.3K | |
| PPG INDS INC | PPG | $514.5K | 4,242 | +0.01pp | 23q | HELD | |
| ENBRIDGE INC | ENB | $503.1K | 9,280 | -0.01pp | 23q | -2.6%-$13.3K | |
| ISHARES TR | SHY | $499.3K | 6,081 | -0.03pp | 10q | -18.9%-$116.4K | |
| CARRIER GLOBAL CORPORATION | CARR | $491.4K | 6,700 | +0.02pp | 21q | HELD | |
| VANGUARD INDEX FDS | VTV | $487.1K | 2,235 | +0.01pp | 23q | +5.5%+$25.5K | |
| ISHARES TR | ESGU | $479.9K | 2,932 | flat | 10q | -7.1%-$36.7K | |
| ISHARES TR | ESGD | $473.0K | 4,601 | +0.01pp | 10q | +14.1%+$58.5K | |
| INVESCO QQQ TR | QQQ | $439.6K | 597 | -0.02pp | 12q | -33.0%-$216.5K | |
| KIMBERLY CLARK CORP | KMB | $433.7K | 3,951 | flat | 23q | -5.7%-$26.2K | |
| COLGATE PALMOLIVE CO | CL | $421.7K | 4,600 | flat | 23q | -3.8%-$16.9K | |
| HERSHEY CO | HSY | $405.5K | 2,311 | -0.02pp | 4q | HELD | |
| VANGUARD INDEX FDS | VBK | $404.5K | 1,106 | +0.01pp | 9q | -2.0%-$8.0K | |
| CHUBB LIMITED | CB | $399.0K | 1,171 | flat | 23q | -3.9%-$16.4K | |
| VANGUARD INDEX FDS | VTI | $386.7K | 1,045 | +0.02pp | 23q | +31.9%+$93.6K | |
| ALTRIA GROUP INC | MO | $376.9K | 5,239 | -0.07pp | 6q | -49.8%-$373.8K | |
| NXP SEMICONDUCTORS N V | NXPI | $372.6K | 1,326 | +0.01pp | 9q | -14.5%-$63.0K | |
| CAPITAL ONE FINL CORP | COF | $368.3K | 1,836 | flat | 7q | HELD | |
| ISHARES TR | IWD | $365.8K | 1,509 | -0.01pp | 23q | -14.0%-$59.6K | |
| ISHARES INC | IEMG | $350.6K | 4,232 | +0.01pp | 9q | HELD | |
| CITIGROUP INC | C | $337.3K | 2,410 | +0.01pp | 4q | HELD | |
| NOVARTIS AG | NVS | $336.2K | 2,145 | flat | 23q | HELD | |
| ISHARES TR | IJR | $332.1K | 2,239 | +0.01pp | 10q | -1.4%-$4.6K | |
| ISHARES TR | EAGG | $328.1K | 6,920 | flat | 9q | +4.6%+$14.5K | |
| ISHARES TR | IJK | $325.0K | 2,766 | +0.01pp | 13q | HELD | |
| CSX CORP | CSX | $323.4K | 6,805 | flat | 23q | -6.7%-$23.2K | |
| SELECT SECTOR SPDR TR | XLY | $312.0K | 2,660 | flat | 7q | -5.5%-$18.2K | |
| PALO ALTO NETWORKS INC | PANW | $310.3K | 910 | - | new | NEW | |
| PNC FINL SVCS GROUP INC | PNC | $295.5K | 1,200 | +0.01pp | 23q | HELD | |
| ISHARES TR | EFA | $294.1K | 2,831 | flat | 4q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $287.5K | 1,812 | flat | 3q | -1.8%-$5.2K | |
| VANGUARD INDEX FDS | VXF | $287.3K | 1,167 | +0.01pp | 7q | HELD | |
| CENCORA INC | COR | $282.7K | 999 | -0.01pp | 17q | -1.9%-$5.4K | |
| PACKAGING CORP AMER | PKG | $273.3K | 1,147 | flat | 2q | HELD | |
| BANK OF AMER CORP | BAC | $265.2K | 4,654 | flat | 5q | -7.9%-$22.7K | |
| SELECT SECTOR SPDR TR | XLP | $263.8K | 3,176 | flat | 3q | -1.9%-$5.0K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $262.7K | 904 | -0.02pp | 3q | -10.7%-$31.4K | |
| SELECT SECTOR SPDR TR | XLU | $262.6K | 5,792 | -0.01pp | 2q | -13.4%-$40.5K | |
| CARDINAL HEALTH INC | CAH | $261.8K | 1,102 | flat | 2q | HELD | |
| AMERICAN EXPRESS CO | AXP | $259.8K | 768 | flat | 7q | -6.0%-$16.6K | |
| ISHARES TR | HYG | $249.4K | 3,119 | flat | 4q | +5.2%+$12.4K | |
| Dominion Energy, Inc. | D | $249.3K | 3,650 | flat | 6q | HELD | |
| OTIS WORLDWIDE CORP | OTIS | $241.7K | 3,375 | -0.01pp | 21q | HELD | |
| GENERAL MILLS INC | GIS | $233.7K | 6,715 | -0.01pp | 23q | HELD | |
| ISHARES TR | HYXF | $228.0K | 4,881 | -0.01pp | 7q | -18.5%-$51.6K | |
| KINDER MORGAN INC DEL | KMI | $220.7K | 6,903 | -0.01pp | 2q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $218.0K | 428 | -0.04pp | 17q | -31.1%-$98.3K | |
| SELECT SECTOR SPDR TR | XLF | $214.9K | 4,008 | flat | 7q | -6.8%-$15.8K | |
| CORTEVA INC | CTVA | $213.8K | 2,525 | flat | 2q | HELD | |
| KKR & CO INC | KKR | $212.0K | 2,310 | -0.01pp | 2q | -8.5%-$19.6K | |
| NETFLIX INC. | NFLX | $211.6K | 2,964 | flat | 2q | +34.3%+$54.0K | |
| NIKE INC | NKE | $208.2K | 5,071 | -0.03pp | 23q | -18.7%-$47.9K | |
| HALLIBURTON CO | HAL | $207.3K | 6,107 | -0.01pp | 2q | +5.9%+$11.5K | |
| BLACKSTONE INC | BX | $206.0K | 1,751 | flat | 3q | HELD | |
| KENTUCKY FIRST FED BANCORP COM | KFFB | $112.2K | 22,081 | flat | 3q | HELD | |
| OPKO HEALTH INC | OPK | $75.5K | 50,300 | flat | 21q | HELD | |
| Shoshone Silver Mining Company | $1 | 10,000 | flat | 18q | 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 |
|---|---|---|
| Computer Hardware | $49.9M | 10.4% |
| Software & IT Services | $49.5M | 10.3% |
| Semiconductors & Electronics | $39.8M | 8.3% |
| Retail & Consumer | $34.9M | 7.3% |
| Biotech & Pharma | $29.8M | 6.2% |
| Banks & Lending | $24.6M | 5.1% |
| Business Services | $16.4M | 3.4% |
| Energy | $15.5M | 3.2% |
| Insurance | $12.9M | 2.7% |
| Utilities | $12.0M | 2.5% |
| Industrials | $11.4M | 2.4% |
| Chemicals | $11.2M | 2.3% |
| Other sectors | $56.8M | 11.9% |
| Not classified | $114.4M | 23.9% |
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 |
|---|---|---|---|---|
| Q2 2026 | +7.5% | +14.8% | -7.3% | 99% |
| Q1 2026 | -1.7% | -4.6% | +2.9% | 99% |
| Q4 2025 | +1.9% | +2.4% | -0.4% | 99% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 99% |
| Q2 2025 | +5.5% | +10.5% | -4.9% | 99% |
| Q1 2025 | -0.9% | -4.6% | +3.6% | 99% |
| Q3 2024 | +7.4% | +5.4% | +1.9% | 99% |
| Q2 2024 | -1.2% | +4.0% | -5.2% | 99% |
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 |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $479.2M | 180 | 1 | 38 | 97 | 6 | 39.9% | 42 |
| Q1 2026 | $453.3M | 185 | 12 | 69 | 53 | 12 | 38.1% | 69 |
| Q4 2025 | $448.0M | 185 | 16 | 80 | 42 | 5 | 38.7% | 71 |
| Q3 2025 | $421.6M | 174 | 8 | 69 | 71 | 3 | 37.9% | 76 |
| Q2 2025 | $379.1M | 169 | 3 | 48 | 71 | 0 | 35.7% | 43 |
| Q1 2025 | $354.5M | 166 | 7 | 73 | 45 | 1 | 33.7% | 44 |
| Q4 2024 | $342.8M | 160 | 11 | 48 | 86 | 7 | 35.7% | 134 |
| Q2 2024 | $332.0M | 156 | 0 | 45 | 72 | 3 | 34.8% | 59 |
| Q1 2024 | $335.3M | 159 | 13 | 58 | 72 | 3 | 33.6% | 150 |
| Q4 2023 | $311.8M | 149 | 8 | 42 | 72 | 2 | 35.1% | 241 |
| Q3 2023 | $287.9M | 143 | 0 | 60 | 58 | 0 | 35.4% | 333 |
| Q2 2023 | $293.1M | 143 | 3 | 45 | 63 | 5 | 35.4% | 425 |
| Q1 2023 | $282.3M | 145 | 2 | 69 | 54 | 2 | 34.3% | 516 |
| Q4 2022 | $280.4M | 145 | 4 | 0 | 141 | 5 | 33.4% | 606 |
| Q3 2022 | $249.4B | 146 | 2 | 62 | 57 | 4 | 34.2% | 698 |
| Q2 2022 | $263.1B | 148 | 3 | 73 | 38 | 2 | 33.9% | 790 |
| Q1 2022 | $288.7B | 147 | 4 | 44 | 67 | 4 | 34.2% | 881 |
| Q4 2021 | $301.8B | 147 | 11 | 136 | 0 | 4 | 34.7% | 971 |
| Q3 2021 | $251.0M | 140 | 3 | 0 | 137 | 6 | 33.5% | 1,063 |
| Q1 2021 | $262.9B | 143 | 6 | 39 | 87 | 3 | 32.7% | 1,246 |
| Q4 2020 | $251.0B | 140 | 25 | 115 | 0 | 183 | 33.5% | 1,336 |
| Q2 2019 | $190.9M | 298 | 10 | 65 | 119 | 56 | 30.7% | 53 |
| Q1 2019 | $183.7M | 344 | 0 | 0 | 0 | 0 | 30.6% | 37 |
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.