DaveManuel.com · Institutional Ownership · 13F Holdings

AlphaStar Capital Management, LLC

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

CIK

1633857

Reported value

$1.7B

Positions

276

Top 10 weight

56.4%

Filed

2026-10-16

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
SPDR SERIES TRUST	SPYM	$178.3M	1,986,925	10.67%	+0.31pp	32q	+7.2%+$11.9M
SPDR SERIES TRUST	SPYG	$176.3M	1,432,221	10.54%	+0.31pp	32q	+5.9%+$9.8M
SPDR SERIES TRUST	SPYV	$133.2M	2,179,469	7.97%	+0.11pp	32q	+7.2%+$8.9M
SPDR INDEX SHS FDS	SPDW	$104.2M	2,075,523	6.23%	+0.06pp	32q	+7.8%+$7.5M
SELECT SECTOR SPDR TR	XLK	$87.4M	446,478	5.23%	+0.05pp	27q	+4.5%+$3.7M
SPDR SERIES TRUST	SPAB	$69.3M	2,844,244	4.14%	-0.17pp	32q	+6.9%+$4.5M
DIMENSIONAL ETF TRUST	DFAU	$54.0M	1,032,152	3.23%	-0.05pp	5q	+3.3%+$1.7M
SPDR SERIES TRUST	SPMD	$49.9M	791,370	2.98%	-0.20pp	32q	+6.7%+$3.1M
ISHARES TR	SGOV	$48.5M	481,393	2.90%	-0.24pp	19q	-1.8%-$879.4K
NVIDIA CORPORATION	NVDA	$40.9M	179,272	2.45%	+0.29pp	26q	+5.9%+$2.3M
SPDR INDEX SHS FDS	SPEM	$40.8M	789,133	2.44%	+0.13pp	32q	+12.4%+$4.5M
SELECT SECTOR SPDR TR	XLI	$39.3M	235,643	2.35%	-0.19pp	7q	+9.1%+$3.3M
SPDR SERIES TRUST	SPSM	$30.6M	578,526	1.83%	-0.08pp	32q	+11.0%+$3.0M
PALANTIR TECHNOLOGIES INC	PLTR	$30.4M	162,410	1.82%	+0.47pp	9q	-10.8%-$3.7M
FIDELITY COVINGTON TRUST	FENI	$28.3M	710,177	1.70%	+0.11pp	10q	+14.2%+$3.5M
ALPHABET INC	GOOGL	$26.2M	76,268	1.57%	-0.09pp	28q	+4.2%+$1.1M
SPDR SERIES TRUST	SPHY	$23.0M	1,017,372	1.37%	+0.02pp	8q	+12.1%+$2.5M
DIMENSIONAL ETF TRUST	DFSD	$19.8M	425,189	1.18%	-0.07pp	5q	+3.4%+$646.5K
GLOBAL X FDS	PFFD	$18.8M	1,065,601	1.12%	+0.53pp	5q	+114.6%+$10.0M
ISHARES TR	IEUR	$17.6M	238,787	1.05%	+0.05pp	14q	+13.7%+$2.1M
DIMENSIONAL ETF TRUST	DFAI	$16.7M	403,936	1.00%	-0.01pp	5q	+4.4%+$709.6K
BROADCOM INC	AVGO	$13.1M	37,212	0.78%	+0.03pp	13q	+19.0%+$2.1M
JPMORGAN CHASE & CO	JPM	$12.5M	37,872	0.75%	-0.05pp	24q	-1.8%-$226.3K
SOFI TECHNOLOGIES INC	SOFI	$12.2M	778,541	0.73%	-0.18pp	9q	-2.3%-$286.4K
STATE STR SPDR S&P 500 ETF T	SPY	$12.2M	15,993	0.73%	+0.09pp	32q	+18.2%+$1.9M
SELECT SECTOR SPDR TR	XLU	$11.9M	301,247	0.71%	-0.10pp	2q	+7.2%+$802.9K
META PLATFORMS INC	META	$10.8M	14,901	0.65%	+0.14pp	32q	+6.3%+$644.0K
EXXONMOBIL HOLDINGS CORP	XOM	$10.3M	63,059	0.61%	-	new	NEW
GLOBAL X FDS	RYLD	$10.2M	660,102	0.61%	-0.07pp	14q	-1.0%-$105.8K
VANECK ETF TRUST	FLTR	$8.7M	340,327	0.52%	+0.03pp	13q	+12.0%+$932.5K
GE VERNOVA INC	GEV	$8.7M	9,132	0.52%	-0.13pp	8q	+5.3%+$436.3K
CROWDSTRIKE HLDGS INC	CRWD	$8.6M	32,442	0.51%	+0.06pp	6q	-13.9%-$1.4M
TESLA INC	TSLA	$7.9M	22,381	0.48%	-0.02pp	24q	+21.7%+$1.4M
GOLDMAN SACHS ETF TR	GPIX	$7.1M	126,424	0.42%	-0.02pp	2q	HELD
GOLDMAN SACHS GROUP INC	GS	$6.4M	7,137	0.38%	-0.08pp	8q	HELD
SOLARIS ENERGY INFRAS INC	SEI	$6.4M	89,831	0.38%	-0.05pp	4q	+5.9%+$357.0K
GOLDMAN SACHS ETF TR	GPIQ	$6.4M	109,643	0.38%	-0.03pp	2q	+1.2%+$78.2K
J P MORGAN EXCHANGE TRADED F	JEPQ	$6.3M	102,665	0.38%	+0.01pp	10q	+9.3%+$533.4K
ALPHABET INC	GOOG	$5.8M	16,998	0.35%	flat	26q	+11.7%+$604.8K
DIMENSIONAL ETF TRUST	DFAE	$5.6M	142,150	0.33%	-0.03pp	5q	HELD
DIMENSIONAL ETF TRUST	DFGX	$5.5M	108,491	0.33%	-0.02pp	5q	+4.5%+$237.6K
MARATHON PETE CORP	MPC	$5.5M	13,893	0.33%	+0.28pp	4q	+396.9%+$4.4M
DIMENSIONAL ETF TRUST	DFCF	$5.4M	135,544	0.33%	-0.02pp	5q	+3.9%+$202.9K
VALERO ENERGY CORP	VLO	$5.3M	13,664	0.32%	+0.28pp	18q	+481.7%+$4.4M
VISA INC	V	$5.2M	14,414	0.31%	+0.03pp	32q	+13.7%+$625.3K
ABBVIE INC	ABBV	$5.1M	19,380	0.30%	+0.03pp	32q	+13.5%+$601.4K
SPDR GOLD TR	GLD	$4.9M	12,984	0.30%	-0.02pp	21q	-2.6%-$132.5K
ISHARES BITCOIN TRUST ETF	IBIT	$4.9M	103,425	0.29%	+0.04pp	7q	-14.6%-$834.4K
NORTHERN LTS FD TR IV	BLES	$4.6M	98,374	0.28%	-0.01pp	32q	+4.5%+$201.8K
SELECT SECTOR SPDR TR	XLC	$4.6M	41,382	0.27%	-0.01pp	15q	+0.6%+$28.9K
OKLO INC	OKLO	$4.5M	121,791	0.27%	-0.09pp	4q	+11.8%+$474.2K
J P MORGAN EXCHANGE TRADED F	JEPI	$4.2M	74,784	0.25%	-0.02pp	17q	-0.7%-$28.6K
INVESCO EXCH TRD SLF IDX FD	BSCQ	$4.2M	215,310	0.25%	flat	20q	+5.5%+$218.0K
CISCO SYS INC	CSCO	$4.1M	38,301	0.25%	-0.06pp	32q	-6.1%-$269.0K
SELECT SECTOR SPDR TR	XLE	$4.1M	66,324	0.24%	+0.03pp	25q	+4.9%+$191.6K
CHUBB LIMITED	CB	$4.1M	12,519	0.24%	-0.04pp	11q	-5.3%-$229.9K
ISHARES TR	FLOT	$4.0M	78,368	0.24%	-0.01pp	10q	+0.9%+$33.7K
VANGUARD CHARLOTTE FDS	BNDX	$3.9M	83,097	0.23%	-0.02pp	32q	+2.6%+$97.1K
CENTRUS ENERGY CORP	LEU	$3.9M	27,617	0.23%	-0.08pp	4q	-4.7%-$189.7K
INVESCO EXCH TRD SLF IDX FD	BSCR	$3.5M	179,978	0.21%	flat	15q	+7.4%+$241.1K
DUKE ENERGY CORP NEW	DUK	$3.4M	29,639	0.20%	-0.03pp	32q	+4.0%+$130.5K
NORTHERN LTS FD TR IV	ISMD	$3.3M	70,773	0.20%	-0.03pp	32q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCS	$3.2M	160,827	0.19%	flat	12q	+7.4%+$222.8K
COSTCO WHOLESALE CORPORATION	COST	$3.2M	3,525	0.19%	+0.02pp	21q	+22.8%+$596.2K
SPDR SERIES TRUST	MDYG	$3.2M	30,379	0.19%	flat	13q	+14.6%+$404.0K
ISHARES TR	IAGG	$3.1M	62,704	0.18%	-0.02pp	16q	-3.7%-$117.8K
EATON CORP PLC	ETN	$3.0M	6,882	0.18%	flat	32q	+4.3%+$120.7K
INVESCO EXCH TRD SLF IDX FD	BSCT	$2.9M	161,820	0.18%	flat	8q	+8.5%+$230.6K
NETFLIX INC.	NFLX	$2.8M	40,915	0.17%	+0.02pp	30q	+20.0%+$474.3K
INVESCO EXCH TRD SLF IDX FD	BSCU	$2.8M	173,539	0.17%	+0.01pp	4q	+13.3%+$329.2K
FIRST TR EXCHNG TRADED FD VI	BUFR	$2.7M	73,016	0.16%	+0.01pp	4q	+8.3%+$210.3K
INVESCO EXCHANGE TRADED FD T	RSP	$2.7M	13,114	0.16%	+0.01pp	16q	+15.7%+$369.2K
ISHARES SILVER TR	SLV	$2.7M	49,574	0.16%	-0.03pp	9q	-9.8%-$293.3K
HEWLETT PACKARD ENTERPRISE C	HPE	$2.6M	41,436	0.16%	+0.05pp	21q	+11.6%+$274.9K
VEGASHARES ETF TRUS	VAIE	$2.6M	107,993	0.16%	+0.12pp	2q	+453.9%+$2.1M
BLUEROCK PVT REAL ESTATE FD	BPRE	$2.4M	191,288	0.14%	-0.03pp	4q	-6.7%-$171.4K
SPDR SERIES TRUST	SPTL	$2.3M	97,383	0.14%	-0.01pp	11q	+5.6%+$123.9K
VANGUARD WORLD FD	VGT	$2.2M	17,364	0.13%	-0.01pp	10q	-8.3%-$197.9K
ORACLE CORP	ORCL	$2.1M	15,375	0.13%	+0.01pp	11q	+25.2%+$425.2K
MERCK & CO INC	MRK	$2.1M	14,310	0.12%	+0.01pp	24q	+0.8%+$16.0K
NORTHERN LTS FD TR IV	BIBL	$2.0M	37,409	0.12%	-0.02pp	30q	HELD
LINDE PLC	LIN	$1.9M	4,093	0.12%	flat	15q	+15.7%+$263.4K
VERIZON COMMUNICATIONS INC	VZ	$1.9M	40,843	0.11%	+0.02pp	32q	+17.1%+$274.1K
ALTRIA GROUP INC	MO	$1.8M	27,021	0.11%	-0.03pp	11q	-9.0%-$179.3K
HCA Healthcare, Inc.	HCA	$1.8M	4,162	0.11%	+0.01pp	21q	+11.9%+$188.2K
NORTHERN LTS FD TR IV	IBD	$1.8M	76,268	0.10%	-0.01pp	32q	+2.5%+$42.4K
INVESCO EXCH TRADED FD TR II	QQQM	$1.7M	5,740	0.10%	+0.03pp	9q	+55.2%+$622.0K
VANGUARD SCOTTSDALE FDS	VMBS	$1.7M	38,837	0.10%	-0.01pp	32q	+3.9%+$65.1K
MASTERCARD INCORPORATED	MA	$1.7M	3,117	0.10%	+0.02pp	32q	+19.2%+$276.9K
JOHNSON CONTROLS INTERNATION	JCI	$1.6M	11,082	0.10%	-0.01pp	4q	-4.8%-$82.2K
KINDER MORGAN INC DEL	KMI	$1.6M	54,203	0.10%	-0.01pp	19q	+1.8%+$28.3K
SELECT SECTOR SPDR TR	XLRE	$1.6M	38,892	0.10%	-0.01pp	7q	+8.1%+$119.7K
WASTE MGMT INC DEL	WM	$1.6M	7,710	0.09%	-0.01pp	14q	+2.6%+$39.8K
DIMENSIONAL ETF TRUST	DFAC	$1.5M	33,552	0.09%	-0.01pp	4q	HELD
PIMCO DYNAMIC INCOME FD	PDI	$1.5M	104,804	0.09%	-0.03pp	7q	-4.4%-$68.2K
SYNCHRONY FINANCIAL	SYF	$1.5M	20,441	0.09%	flat	12q	+11.7%+$152.5K
SPDR SERIES TRUST	SLYV	$1.4M	14,194	0.09%	-0.01pp	9q	+6.4%+$87.2K
SPACE EXPLORATION TECHN CORP	SPCX	$1.4M	9,584	0.09%	-0.01pp	2q	+7.2%+$97.5K
AT&T INC	T	$1.4M	59,066	0.09%	+0.01pp	32q	+4.4%+$61.1K
FIRST TR EXCHANGE-TRADED FD	ACYN	$1.4M	65,504	0.08%	+0.05pp	2q	+190.5%+$896.1K
EXELON CORP	EXC	$1.3M	32,584	0.08%	-0.03pp	16q	-13.2%-$200.5K
SERVICENOW INC	NOW	$1.3M	9,659	0.08%	-0.04pp	4q	-48.3%-$1.2M
INTERCONTINENTAL EXCHANGE IN	ICE	$1.3M	8,355	0.08%	+0.02pp	22q	+13.1%+$147.5K
FIRST TR EXCHANGE-TRADED FD	TDIV	$1.2M	10,966	0.07%	-0.01pp	9q	-1.5%-$18.4K
RUSSELL INVTS EXCHANGE TRADE	RGLO	$1.2M	37,176	0.07%	flat	6q	HELD
MONSTER BEVERAGE CORP NEW	MNST	$1.2M	29,316	0.07%	-0.01pp	20q	+12.7%+$137.3K
VANECK ETF TRUST	MOAT	$1.2M	11,462	0.07%	-0.01pp	9q	-2.9%-$35.6K
INVESCO EXCH TRADED FD TR II	SPHD	$1.2M	24,796	0.07%	+0.01pp	9q	+24.2%+$232.6K
CME GROUP INC	CME	$1.2M	4,537	0.07%	+0.01pp	3q	-2.8%-$34.8K
STATE STR SPDR S&P MIDCAP 40	MDY	$1.2M	1,806	0.07%	-0.02pp	24q	-15.1%-$211.5K
FIRST TR EXCHNG TRADED FD VI	BUFQ	$1.2M	28,784	0.07%	+0.05pp	2q	+258.0%+$840.5K
DFA INVT DIMENSIONS GROUP IN	DCOR	$1.2M	13,938	0.07%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	DJUN	$1.1M	22,939	0.07%	flat	14q	HELD
EQUINIX INC	EQIX	$1.0M	1,033	0.06%	flat	4q	+15.7%+$141.6K
CALAMOS ETF TR	CAIE	$1.0M	38,144	0.06%	+0.03pp	3q	+104.4%+$518.7K
DELL TECHNOLOGIES INC	DELL	$1.0M	1,879	0.06%	+0.03pp	2q	+47.7%+$326.5K
FIRST TR EXCHNG TRADED FD VI	BUFY	$980.0K	41,300	0.06%	-	new	NEW
SHOPIFY INC	SHOP	$960.3K	6,475	0.06%	flat	6q	-10.6%-$113.9K
TRUIST FINL CORP	TFC	$926.2K	20,004	0.06%	-0.02pp	12q	-14.9%-$161.5K
CBRE GROUP INC	CBRE	$909.9K	7,083	0.05%	flat	20q	+18.6%+$142.5K
INVESCO EXCH TRD SLF IDX FD	BSMS	$907.9K	39,819	0.05%	flat	11q	+1.0%+$9.1K
INVESCO EXCH TRD SLF IDX FD	BSMR	$889.0K	38,214	0.05%	flat	11q	+1.1%+$10.0K
INVESCO EXCH TRD SLF IDX FD	BSMT	$868.4K	39,006	0.05%	flat	8q	+1.5%+$13.1K
FIRST TR EXCHNG TRADED FD VI	BUFS	$862.2K	34,920	0.05%	-	new	NEW
UNITEDHEALTH GROUP INC	UNH	$859.4K	2,341	0.05%	-0.01pp	21q	+5.5%+$44.4K
PROSHARES TR	NOBL	$855.0K	15,804	0.05%	flat	9q	+3.3%+$27.3K
INVESCO EXCH TRD SLF IDX FD	BSMQ	$846.1K	36,122	0.05%	flat	11q	+1.0%+$8.4K
FIRST TR EXCHNG TRADED FD VI	DMAY	$792.7K	16,532	0.05%	flat	14q	HELD
COHEN & STEERS INFRASTRUCTUR	UTF	$787.2K	31,935	0.05%	-0.01pp	9q	-0.8%-$6.2K
INVESCO EXCH TRD SLF IDX FD	BSMU	$758.0K	36,280	0.05%	flat	4q	+2.2%+$16.0K
VANECK ETF TRUST	GDX	$755.4K	8,604	0.05%	flat	9q	-4.6%-$36.4K
HP INC	HPQ	$751.7K	24,030	0.04%	+0.02pp	6q	+38.0%+$207.1K
Dominion Energy, Inc.	D	$731.4K	12,085	0.04%	flat	10q	+9.1%+$61.3K
GLOBAL X FDS	XYLD	$721.9K	17,386	0.04%	flat	8q	+3.3%+$23.3K
GLOBAL X FDS	QYLD	$713.5K	38,461	0.04%	flat	3q	+9.0%+$59.1K
ISHARES ETHEREUM TR	ETHA	$712.8K	35,429	0.04%	+0.02pp	5q	-2.9%-$21.1K
ISHARES TR	QUAL	$703.6K	3,166	0.04%	flat	4q	+8.9%+$57.8K
DIREXION SHARES ETF TRUST	SPXL	$663.3K	2,360	0.04%	+0.01pp	4q	+26.6%+$139.4K
3M CO	MMM	$647.6K	3,945	0.04%	+0.01pp	12q	+21.6%+$115.2K
SPDR SERIES TRUST	SPYD	$636.3K	14,024	0.04%	flat	10q	+8.6%+$50.3K
FIRST TR EXCHNG TRADED FD VI	DAUG	$627.2K	13,191	0.04%	flat	9q	+16.8%+$90.0K
EOG RES INC	EOG	$623.6K	4,527	0.04%	+0.01pp	3q	+35.0%+$161.7K
VANGUARD WORLD FD	VHT	$613.2K	1,940	0.04%	-0.03pp	9q	-43.3%-$467.8K
INVESCO EXCH TRD SLF IDX FD	BSJR	$593.3K	26,840	0.04%	flat	15q	+5.5%+$31.1K
PRINCIPAL FINANCIAL GROUP IN	PFG	$590.5K	5,274	0.04%	flat	6q	+7.3%+$40.4K
ASML HLDG NV	ASML	$566.4K	313	0.03%	flat	2q	+34.9%+$146.6K
EVERGY INC	EVRG	$565.8K	7,213	0.03%	flat	9q	+28.7%+$126.3K
APA CORPORATION	APA	$564.8K	13,597	0.03%	-	new	NEW
SBA COMMUNICATIONS CORP	SBAC	$559.0K	3,491	0.03%	-0.01pp	22q	HELD
DIMENSIONAL ETF TRUST	DFIC	$558.9K	14,860	0.03%	flat	2q	+1.2%+$6.7K
ISHARES INC	IEMG	$558.0K	6,875	0.03%	flat	5q	+21.2%+$97.7K
ISHARES INC	RING	$555.8K	7,255	0.03%	flat	9q	-6.1%-$36.4K
AMCOR PLC	AMCR	$551.4K	13,172	0.03%	flat	2q	+15.1%+$72.5K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$549.6K	596	0.03%	flat	2q	+6.6%+$34.1K
VANECK ETF TRUST	SMH	$542.6K	891	0.03%	flat	3q	+11.9%+$57.8K
RUSSELL INVTS EXCHANGE TRADE	RINT	$539.6K	16,863	0.03%	flat	6q	+6.0%+$30.6K
ENERGY TRANSFER L P	ET	$534.7K	27,047	0.03%	flat	11q	+4.5%+$22.8K
ISHARES TR	IEFA	$519.0K	5,357	0.03%	flat	7q	+2.9%+$14.4K
INVESCO EXCH TRD SLF IDX FD	BSJS	$518.7K	24,221	0.03%	flat	12q	+8.9%+$42.5K
IRON MTN INC DEL	IRM	$512.2K	4,616	0.03%	+0.01pp	3q	+61.4%+$194.8K
ISHARES TR	IPAC	$510.8K	6,002	0.03%	flat	14q	+3.3%+$16.5K
KIMCO REALTY CORP	KIM	$498.1K	22,427	0.03%	flat	9q	+17.1%+$72.7K
AB ACTIVE ETFS INC	TAFI	$491.6K	20,000	0.03%	flat	2q	HELD
SELECT SECTOR SPDR TR	XLF	$490.5K	9,186	0.03%	flat	12q	+7.5%+$34.0K
INVESCO EXCH TRADED FD TR II	VRP	$487.4K	20,555	0.03%	flat	10q	+14.8%+$62.7K
INVESCO EXCH TRD SLF IDX FD	OMFL	$487.0K	6,986	0.03%	flat	4q	+0.5%+$2.4K
VISTRA CORP	VST	$486.5K	3,516	0.03%	-0.01pp	18q	-2.8%-$14.0K
ONEOK INC NEW	OKE	$486.1K	5,701	0.03%	-	new	NEW
VIVMARK RESIDENTIAL	VMRK	$482.7K	7,945	0.03%	flat	3q	+23.5%+$91.7K
NORTHERN LTS FD TR IV	PTL	$478.4K	1,758	0.03%	flat	6q	+8.1%+$35.7K
LYONDELLBASELL INDUSTRIES NV	LYB	$471.0K	8,196	0.03%	-	new	NEW
ETF SER SOLUTIONS	GOAU	$469.8K	10,900	0.03%	flat	25q	HELD
FIRST TR EXCHNG TRADED FD VI	BUFD	$469.1K	15,447	0.03%	flat	2q	+3.7%+$16.9K
INVESCO EXCH TRD SLF IDX FD	BSJQ	$466.5K	20,439	0.03%	flat	20q	+4.8%+$21.4K
ISHARES TR	HDV	$464.6K	16,618	0.03%	flat	9q	+7.3%+$31.7K
SPDR SERIES TRUST	BIL	$458.7K	5,006	0.03%	-0.02pp	2q	-39.6%-$301.1K
ATI INC	ATI	$456.1K	2,408	0.03%	flat	2q	+3.0%+$13.3K
LMP CAP & INCOME FD INC	SCD	$454.9K	30,861	0.03%	flat	23q	+2.2%+$9.7K
KENVUE INC	KVUE	$448.9K	25,419	0.03%	+0.01pp	3q	+51.5%+$152.6K
SKYWORKS SOLUTIONS INC	SWKS	$442.3K	5,175	0.03%	-	new	NEW
HOST HOTELS & RESORTS INC	HST	$433.1K	19,342	0.03%	-	new	NEW
ISHARES TR	IXUS	$429.4K	4,520	0.03%	flat	4q	HELD
COREWEAVE INC	CRWV	$428.1K	4,914	0.03%	flat	2q	+5.6%+$22.7K
ISHARES TR	MTUM	$425.1K	1,340	0.03%	flat	2q	-2.8%-$12.1K
INVESCO EXCH TRD SLF IDX FD	BSJT	$423.9K	20,522	0.03%	flat	8q	+8.8%+$34.4K
ISHARES TR	TFLO	$422.6K	8,340	0.03%	-	new	NEW
NEXTERA ENERGY INC	NEE	$420.7K	5,554	0.03%	+0.01pp	12q	+58.1%+$154.6K
DIMENSIONAL ETF TRUST	DFAX	$418.5K	11,305	0.03%	flat	2q	HELD
WISDOMTREE TR	USFR	$404.5K	8,027	0.02%	flat	4q	-10.5%-$47.2K
HEALTHPEAK PROPERTIES INC	DOC	$402.3K	20,147	0.02%	+0.01pp	4q	+53.2%+$139.7K
INVESCO EXCH TRD SLF IDX FD	BSJU	$402.2K	16,171	0.02%	flat	4q	+7.8%+$29.0K
FRANKLIN TEMPLETON ETF TR	INCE	$400.4K	6,097	0.02%	flat	27q	HELD
SPROTT ASSET MANAGEMENT LP	PHYS	$394.8K	12,625	0.02%	flat	9q	-15.2%-$70.9K
RBB FD INC	TMFC	$390.9K	4,881	0.02%	+0.01pp	2q	+46.5%+$124.0K
D-WAVE QUANTUM INC	QBTS	$388.4K	23,441	0.02%	-0.01pp	8q	-4.6%-$18.7K
PUBLIC STORAGE	PSA	$388.3K	1,373	0.02%	+0.01pp	2q	+105.5%+$199.4K
MID-AMER APT CMNTYS INC	MAA	$386.7K	3,285	0.02%	-	new	NEW
INVESCO EXCH TRADED FD TR II	SPLV	$384.6K	5,454	0.02%	flat	9q	HELD
WEC ENERGY GROUP INC	WEC	$380.5K	3,775	0.02%	-0.01pp	9q	-1.7%-$6.7K
RUSSELL INVTS EXCHANGE TRADE	REMG	$375.5K	10,305	0.02%	flat	6q	HELD
ISHARES TR	USMV	$374.5K	3,843	0.02%	flat	9q	-0.8%-$3.1K
ARK ETF TR	ARKK	$367.1K	4,120	0.02%	flat	6q	-9.7%-$39.7K
ISHARES GOLD TRUST MICRO	IAUM	$359.6K	8,683	0.02%	-0.01pp	4q	-18.3%-$80.6K
FIRST TR EXCHANGE TRADED FD	SKYY	$356.8K	2,176	0.02%	flat	9q	HELD
SELECT SECTOR SPDR TR	XLV	$356.6K	2,117	0.02%	flat	4q	+3.1%+$10.6K
SPDR SERIES TRUST	SDY	$356.5K	2,434	0.02%	flat	12q	-0.6%-$2.1K
INVESCO EXCHANGE TRADED FD T	XSMO	$355.1K	4,353	0.02%	-0.01pp	2q	-3.9%-$14.6K
OUSTER INC	OUST	$352.7K	8,742	0.02%	-0.02pp	2q	-20.2%-$89.5K
SPROTT ETF TRUST	SGDM	$349.8K	4,722	0.02%	flat	6q	HELD
ETF SER SOLUTIONS	UFOX	$347.8K	4,089	0.02%	flat	5q	HELD
DIMENSIONAL ETF TRUST	DFLV	$347.1K	8,641	0.02%	flat	2q	-3.2%-$11.6K
FIRST TR EXCHANGE TRADED FD	CIBR	$346.2K	3,359	0.02%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	BUFZ	$345.4K	12,103	0.02%	flat	2q	+33.4%+$86.5K
FRANKLIN TEMPLETON ETF TR	INCM	$342.9K	12,050	0.02%	-	new	NEW
CELESTICA INC	CLS	$340.1K	941	0.02%	+0.01pp	2q	+57.9%+$124.7K
INTUITIVE SURGICAL INC	ISRG	$334.3K	822	0.02%	-	new	NEW
DIMENSIONAL ETF TRUST	DFAT	$334.2K	5,029	0.02%	flat	2q	+9.7%+$29.5K
EVERSOURCE ENERGY	ES	$328.2K	5,115	0.02%	-0.01pp	6q	-28.8%-$132.9K
O'REILLY AUTOMOTIVE INC	ORLY	$327.5K	3,835	0.02%	-0.01pp	6q	-25.8%-$113.8K
SSGA ACTIVE ETF TR	INKM	$325.3K	9,855	0.02%	flat	27q	-4.0%-$13.7K
FIRST TR EXCHNG TRADED FD VI	DOCT	$325.0K	6,765	0.02%	flat	4q	HELD
ISHARES TR	IDEV	$320.2K	3,578	0.02%	-0.02pp	2q	-47.9%-$294.2K
CONOCOPHILLIPS	COP	$319.5K	2,553	0.02%	flat	26q	+0.5%+$1.6K
SPDR SERIES TRUST	XBI	$318.2K	2,018	0.02%	flat	9q	-2.8%-$9.3K
FIRST TR EXCHANGE-TRADED FD	KNG	$312.4K	6,489	0.02%	flat	4q	-3.7%-$12.0K
SPDR SERIES TRUST	EMHC	$308.1K	12,908	0.02%	flat	7q	+1.1%+$3.4K
SALESFORCE INC	CRM	$307.6K	1,340	0.02%	-	new	NEW
SANDISK CORP	SNDK	$300.1K	172	0.02%	-0.02pp	2q	-34.1%-$155.3K
VIATRIS INC	VTRS	$290.8K	16,411	0.02%	flat	4q	-25.1%-$97.3K
VANGUARD SCOTTSDALE FDS	VGSH	$286.9K	4,985	0.02%	-	new	NEW
ADOBE INC	ADBE	$284.0K	1,184	0.02%	-	new	NEW
CAPITAL ONE FINL CORP	COF	$283.1K	1,466	0.02%	flat	4q	-8.9%-$27.6K
BLACKSTONE INC	BX	$283.0K	2,525	0.02%	-	new	NEW
WISDOMTREE TR	DLN	$276.1K	2,841	0.02%	-	new	NEW
MSCI INC	MSCI	$275.3K	511	0.02%	-	new	NEW
IDEXX LABS INC	IDXX	$262.3K	502	0.02%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	DJUL	$260.8K	5,094	0.02%	flat	5q	HELD
ISHARES TR	ESGU	$256.6K	1,539	0.02%	-	new	NEW
INVESCO EXCH TRADED FD TR II	SPMO	$254.6K	1,680	0.02%	-	new	NEW
NOVARTIS AG	NVS	$254.2K	1,783	0.02%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VONG	$253.8K	1,969	0.02%	flat	2q	-0.9%-$2.2K
FIRST TR EXCHNG TRADED FD VI	DMAR	$252.7K	5,527	0.02%	flat	6q	HELD
ARES CAPITAL CORP	ARCC	$251.9K	13,187	0.02%	-	new	NEW
DIMENSIONAL ETF TRUST	DFUS	$246.7K	2,971	0.01%	flat	2q	HELD
WISDOMTREE TR	DGRW	$245.7K	2,527	0.01%	flat	4q	+17.0%+$35.7K
ISHARES TR	DGRO	$245.2K	3,252	0.01%	flat	2q	+13.8%+$29.8K
SELECT SECTOR SPDR TR	XLP	$242.2K	3,006	0.01%	flat	3q	-2.6%-$6.5K
SPROTT ASSET MANAGEMENT LP	PSLV	$238.6K	12,318	0.01%	flat	3q	HELD
INVESCO EXCHANGE TRADED FD T	SPHQ	$233.2K	2,774	0.01%	flat	6q	HELD
GLOBAL X FDS	URA	$232.4K	5,832	0.01%	flat	6q	-5.6%-$13.7K
REGIONS FINANCIAL CORP NEW	RF	$229.6K	8,542	0.01%	-0.01pp	5q	-13.3%-$35.4K
S&P GLOBAL INC	SPGI	$226.4K	574	0.01%	-	new	NEW
GRANITESHARES ETF TR	PTIR	$224.0K	10,636	0.01%	-	new	NEW
AMERICAN TOWER CORP	AMT	$223.8K	1,367	0.01%	-0.01pp	3q	-23.3%-$67.9K
BLACKROCK INC	BLK	$223.6K	211	0.01%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	DFEB	$218.6K	4,235	0.01%	flat	5q	HELD
GLOBAL X FDS	CLIP	$217.7K	2,170	0.01%	flat	2q	-17.1%-$44.9K
VANGUARD WORLD FD	VFH	$215.7K	1,658	0.01%	-0.03pp	2q	-70.5%-$515.3K
EATON VANCE TAX-MANAGED BUY-	ETV	$213.6K	14,314	0.01%	flat	11q	HELD
PRICE T ROWE GROUP INC	TROW	$212.9K	2,046	0.01%	-0.02pp	8q	-53.6%-$245.8K
CAPITAL GROUP INTERNATIONAL	CGIC	$210.5K	5,850	0.01%	-	new	NEW
CARDINAL HEALTH INC	CAH	$209.2K	940	0.01%	flat	2q	+3.9%+$7.8K
VANGUARD SCOTTSDALE FDS	VCIT	$207.3K	2,648	0.01%	-	new	NEW
VANECK ETF TRUST	REMX	$206.8K	3,219	0.01%	flat	3q	+25.6%+$42.2K
FEDEX CORP	FDX	$206.7K	725	0.01%	flat	3q	+5.5%+$10.8K
VANECK ETF TRUST	GDXJ	$206.2K	1,810	0.01%	-	new	NEW
TOTALENERGIES SE	TTE	$205.6K	2,405	0.01%	-	new	NEW
FIRST TR EXCHANGE-TRADED FD	AIRR	$204.7K	1,982	0.01%	-	new	NEW
INNOVATOR ETFS TRUST	BJAN	$204.6K	3,381	0.01%	-0.02pp	4q	-56.9%-$270.4K
NEUBERGER NEXT GENERATION	NBXG	$173.9K	11,082	0.01%	flat	2q	+6.6%+$10.8K
ANGEL OAK FUNDS TRUST	AOHY	$155.0K	14,527	0.01%	-	new	NEW
NUVEEN QUALITY MUNCP INCOME	NAD	$145.8K	14,403	0.01%	flat	2q	HELD
Venture Global Inc	VG	$140.0K	11,076	0.01%	-	new	NEW
INVESCO EXCH TRADED FD TR II	PGX	$135.3K	13,440	0.01%	-	new	NEW
VIRTUS TOTAL RETURN FD INC	ZTR	$104.9K	17,402	0.01%	flat	9q	HELD
NORDIC AMERICAN TANKERS LIMI	NAT	$80.5K	10,196	0.00%	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
Software & IT Services	$89.0M	5.3%
Semiconductors & Electronics	$63.5M	3.8%
Banks & Lending	$27.7M	1.7%
Energy	$25.6M	1.5%
Other sectors	$136.6M	8.2%
Not classified	$1.3B	79.5%

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	+0.5%	+2.1%	-1.6%	100%
Q2 2026	+10.4%	+14.8%	-4.4%	100%
Q1 2026	-2.3%	-4.6%	+2.4%	100%
Q4 2025	+1.5%	+2.4%	-0.9%	105%
Q3 2025	+6.0%	+7.8%	-1.8%	105%
Q2 2025	+8.1%	+10.5%	-2.4%	105%
Q1 2025	-2.6%	-4.6%	+1.9%	100%
Q4 2024	+0.0%	+2.1%	-2.1%	102%

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	$1.7B	276	36	145	64	40	56.4%	16
Q2 2026	$1.6B	280	59	111	87	15	56.3%	30
Q1 2026	$1.4B	236	27	97	86	37	57.0%	15
Q4 2025	$1.4B	246	66	117	38	17	54.5%	33
Q3 2025	$1.2B	197	19	100	54	180	60.6%	44
Q2 2025	$1.4B	358	191	65	85	17	43.5%	35
Q1 2025	$993.7M	184	9	91	62	26	61.7%	30
Q4 2024	$956.6M	201	30	101	51	197	60.8%	28
Q3 2024	$1.3B	368	80	182	85	21	46.4%	43
Q2 2024	$1.1B	309	43	153	92	20	48.6%	26
Q1 2024	$974.8M	286	53	136	82	35	51.7%	38
Q4 2023	$1.1B	268	46	112	93	22	54.5%	38
Q3 2023	$799.4M	244	24	73	127	31	58.1%	39
Q2 2023	$886.3M	251	45	77	113	57	54.7%	34
Q1 2023	$1.2B	263	27	115	95	91	53.5%	33
Q4 2022	$972.6M	327	47	109	121	27	47.5%	39
Q3 2022	$931.4M	307	35	89	145	74	48.5%	21
Q2 2022	$1.1B	346	35	127	155	68	45.7%	27
Q1 2022	$1.2B	379	42	144	163	43	41.5%	28
Q4 2021	$1.3B	380	30	115	201	40	37.1%	35
Q3 2021	$1.5B	390	156	212	18	24	37.1%	33
Q2 2021	$780.4M	258	57	136	41	18	40.8%	30
Q1 2021	$643.9M	219	35	117	52	26	43.3%	33
Q4 2020	$589.3M	210	45	98	50	15	44.7%	27
Q3 2020	$499.8M	180	34	84	50	41	44.5%	28
Q2 2020	$468.1M	187	25	82	66	16	48.0%	37
Q1 2020	$424.4M	178	35	66	74	70	53.0%	35
Q4 2019	$460.8M	213	6	132	59	7	46.6%	42
Q3 2019	$419.4M	214	25	101	77	25	46.6%	45
Q2 2019	$395.8M	214	33	90	80	28	46.7%	45
Q1 2019	$357.0M	209	27	88	82	27	46.1%	25
Q4 2018	$313.1M	209	0	0	0	0	42.6%	44

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.