DaveManuel.com · Institutional Ownership · 13F Holdings

TRUE Private Wealth Advisors

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

CIK

1667074

Reported value

$1.2B

Positions

289

Top 10 weight

36.1%

Filed

2026-10-19

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IXUS	$83.5M	878,788	7.10%	flat	32q	+1.9%+$1.6M
ISHARES INC	EMXC	$49.3M	497,553	4.19%	-0.14pp	12q	+1.3%+$632.0K
ISHARES TR	IEUR	$40.4M	548,241	3.44%	-0.08pp	7q	+1.3%+$510.3K
ISHARES INC	EWJ	$39.1M	401,455	3.33%	+0.16pp	3q	+2.1%+$809.2K
ISHARES TR	SOXX	$38.5M	67,762	3.28%	-0.47pp	6q	HELD
ISHARES TR	IBTJ	$36.1M	1,702,962	3.07%	-0.05pp	7q	+2.0%+$700.3K
INVESCO EXCHANGE TRADED FD T	RSP	$35.8M	171,971	3.04%	-0.08pp	16q	+1.1%+$400.9K
ISHARES TR	IBIE	$33.8M	1,317,342	2.87%	-0.05pp	6q	+2.3%+$748.8K
ISHARES TR	IBIG	$33.7M	1,340,745	2.87%	-0.09pp	6q	+2.5%+$820.1K
ISHARES TR	IBTL	$33.7M	1,728,921	2.86%	-0.08pp	7q	+2.4%+$783.6K
ZACKS TRUST	SMIZ	$32.1M	785,199	2.73%	-0.26pp	10q	+1.1%+$339.5K
APPLE INC	AAPL	$32.0M	96,059	2.72%	+0.30pp	32q	-0.8%-$249.4K
ISHARES TR	ITOT	$31.9M	191,953	2.71%	+0.03pp	32q	+1.2%+$383.3K
FIRST TR EXCHANGE-TRADED FD	FDL	$31.4M	639,080	2.67%	+0.03pp	16q	+1.9%+$572.2K
ISHARES GOLD TR	IAU	$30.8M	394,641	2.62%	+0.08pp	22q	+1.4%+$420.6K
VANECK ETF TRUST	CLOI	$29.5M	556,318	2.51%	+0.41pp	12q	+21.4%+$5.2M
ALPS ETF TR	AMLP	$29.3M	565,210	2.49%	+0.01pp	26q	+1.7%+$501.4K
BARCLAYS BANK PLC	VXX	$23.8M	1,354,128	2.03%	+1.97pp	3q	+4314.1%+$23.3M
ISHARES TR	IWM	$23.0M	82,714	1.95%	-0.15pp	12q	+1.8%+$412.7K
FIRST TR EXCHANGE-TRADED FD	AIRR	$20.8M	200,997	1.76%	-0.41pp	3q	+6.2%+$1.2M
VANGUARD WORLD FD	VGT	$18.4M	146,138	1.56%	+0.12pp	32q	+4.6%+$813.5K
INVESCO EXCH TRADED FD TR II	SPHB	$17.8M	118,276	1.52%	-0.13pp	6q	-3.8%-$703.6K
MICROSOFT CORP	MSFT	$16.9M	32,899	1.43%	+0.38pp	32q	HELD
SCHWAB STRATEGIC TR	SCHD	$16.4M	503,208	1.39%	+0.10pp	32q	+6.2%+$962.1K
NVIDIA CORPORATION	NVDA	$16.0M	70,074	1.36%	+0.11pp	28q	-3.2%-$525.7K
MICRON TECHNOLOGY INC	MU	$14.3M	13,395	1.21%	-0.23pp	28q	-7.3%-$1.1M
AMAZON COM INC	AMZN	$10.5M	42,295	0.90%	+0.02pp	32q	-0.6%-$62.8K
ISHARES TR	AOR	$9.6M	139,822	0.81%	+0.08pp	30q	+14.0%+$1.2M
ZACKS TRUST	ZECP	$9.0M	241,325	0.76%	flat	8q	+3.2%+$275.5K
VANGUARD INDEX FDS	VOO	$8.5M	12,191	0.73%	flat	13q	-0.8%-$65.9K
ELI LILLY & CO	LLY	$7.8M	6,772	0.67%	-0.03pp	32q	HELD
JPMORGAN CHASE & CO	JPM	$7.2M	21,705	0.61%	flat	32q	HELD
ISHARES TR	IYH	$7.2M	100,286	0.61%	-	new	NEW
JOHNSON & JOHNSON	JNJ	$7.1M	26,925	0.61%	+0.02pp	32q	HELD
ABBVIE INC	ABBV	$6.5M	24,898	0.55%	+0.02pp	32q	HELD
BERKSHIRE HATHAWAY INC DEL	BRKB	$6.0M	12,067	0.51%	-0.01pp	32q	+0.6%+$35.4K
SPDR SERIES TRUST	CWB	$5.8M	56,899	0.49%	-0.08pp	28q	-7.2%-$446.0K
SPDR GOLD TR	GLD	$5.7M	15,021	0.49%	+0.03pp	32q	+5.1%+$278.8K
ALPHABET INC	GOOGL	$5.7M	16,616	0.49%	-0.03pp	32q	HELD
EXXONMOBIL HOLDINGS CORP	XOM	$5.5M	33,612	0.47%	-	new	NEW
ISHARES TR	IEFA	$5.5M	56,299	0.46%	flat	32q	HELD
PALO ALTO NETWORKS INC	PANW	$5.1M	12,915	0.44%	+0.24pp	32q	+96.1%+$2.5M
ISHARES TR	IBTH	$4.9M	221,130	0.42%	-0.01pp	7q	HELD
COSTCO WHOLESALE CORPORATION	COST	$4.9M	5,357	0.41%	-0.03pp	32q	-3.7%-$186.6K
GOLDMAN SACHS GROUP INC	GS	$4.7M	5,215	0.40%	-0.05pp	28q	HELD
EMERSON ELEC CO	EMR	$4.5M	28,876	0.38%	+0.03pp	28q	+0.6%+$26.8K
ZACKS TRUST	QUIZ	$4.4M	154,303	0.38%	-0.02pp	4q	-2.4%-$109.8K
US BANCORP	USB	$4.4M	75,516	0.37%	-0.03pp	32q	-1.8%-$80.2K
ISHARES TR	AGG	$4.2M	44,560	0.36%	-0.05pp	3q	-6.1%-$272.4K
ADVANCED MICRO DEVICES INC	AMD	$4.0M	6,510	0.34%	+0.01pp	7q	+0.5%+$20.8K
MERCK & CO INC	MRK	$3.9M	27,179	0.34%	+0.04pp	32q	+0.6%+$21.8K
ISHARES TR	IWD	$3.9M	15,689	0.33%	flat	32q	-1.7%-$69.2K
UNITED RENTALS INC	URI	$3.8M	3,765	0.32%	-0.04pp	13q	+0.9%+$32.0K
3M CO	MMM	$3.8M	22,915	0.32%	flat	30q	+1.1%+$41.7K
GRANITESHARES ETF TR	NVDL	$3.6M	97,939	0.31%	-0.19pp	13q	-49.1%-$3.5M
ISHARES TR	IVV	$3.6M	4,651	0.30%	flat	32q	HELD
ISHARES TR	IJH	$3.4M	47,047	0.29%	-0.03pp	32q	-0.7%-$22.7K
ISHARES TR	AOM	$3.3M	67,833	0.28%	+0.07pp	22q	+36.9%+$891.9K
TIDAL TRUST III	SNTH	$3.3M	111,357	0.28%	flat	6q	+4.0%+$127.6K
CHEVRON CORPORATION	CVX	$3.2M	15,876	0.28%	+0.04pp	32q	-4.1%-$139.3K
USCF ETF TR	SDCI	$2.9M	94,110	0.25%	+0.05pp	3q	+6.2%+$172.5K
DIREXION SHARES ETF TRUST	TECL	$2.9M	12,270	0.24%	-0.18pp	32q	-41.8%-$2.1M
ALPHABET INC	GOOG	$2.8M	8,189	0.24%	-0.07pp	32q	-17.9%-$608.6K
TIDAL TRUST I	GRNY	$2.8M	98,839	0.23%	+0.01pp	7q	+6.5%+$168.3K
VERIZON COMMUNICATIONS INC	VZ	$2.7M	59,796	0.23%	+0.01pp	32q	HELD
SANDISK CORP	SNDK	$2.7M	1,551	0.23%	+0.17pp	2q	+387.7%+$2.1M
JANUS DETROIT STR TR	JAAA	$2.6M	51,211	0.22%	flat	6q	HELD
ISHARES TR	IVE	$2.6M	11,215	0.22%	-0.01pp	32q	-1.7%-$44.7K
VANECK ETF TRUST	SMOT	$2.5M	67,794	0.22%	flat	11q	+7.0%+$165.6K
CROWDSTRIKE HLDGS INC	CRWD	$2.4M	9,105	0.20%	+0.14pp	15q	+132.7%+$1.4M
FORTINET INC	FTNT	$2.3M	12,936	0.20%	+0.01pp	31q	-7.3%-$182.2K
FIRST TR EXCHANGE TRADED FD	CIBR	$2.3M	22,093	0.19%	-	new	NEW
INVESCO QQQ TR	QQQ	$2.2M	2,980	0.19%	+0.01pp	31q	+5.7%+$119.1K
ISHARES TR	HEFA	$2.2M	47,062	0.19%	flat	13q	HELD
DUTCH BROS INC	BROS	$2.2M	56,520	0.19%	-0.19pp	21q	-5.7%-$131.3K
ISHARES TR	IJR	$2.0M	15,044	0.17%	-0.02pp	32q	HELD
INTERNATIONAL BUSINESS MACHS	IBM	$2.0M	9,136	0.17%	+0.01pp	32q	+36.5%+$537.1K
PACER FDS TR	GCOW	$2.0M	44,305	0.17%	+0.01pp	15q	+7.5%+$137.9K
VANGUARD STAR FDS	VXUS	$1.9M	22,942	0.17%	flat	15q	HELD
PFIZER INC	PFE	$1.9M	67,920	0.16%	+0.03pp	32q	+1.4%+$27.2K
META PLATFORMS INC	META	$1.9M	2,655	0.16%	+0.03pp	32q	HELD
BANK OF MONTREAL	FNGU	$1.9M	55,447	0.16%	-0.04pp	6q	-39.3%-$1.2M
VANGUARD SCOTTSDALE FDS	VMBS	$1.9M	42,549	0.16%	-0.02pp	8q	-6.6%-$133.2K
SELECT SECTOR SPDR TR	XLK	$1.9M	9,538	0.16%	-0.01pp	2q	-5.0%-$99.3K
ISHARES TR	EEM	$1.9M	27,937	0.16%	-0.02pp	5q	-7.6%-$153.8K
ALASKA AIR GROUP INC	ALK	$1.8M	47,576	0.16%	-0.06pp	20q	-0.8%-$15.0K
TESLA INC	TSLA	$1.8M	5,169	0.16%	-0.06pp	28q	-13.2%-$278.2K
ISHARES TR	AGZ	$1.8M	17,050	0.15%	-0.02pp	12q	-6.6%-$128.7K
ISHARES INC	IEMG	$1.8M	21,739	0.15%	-0.01pp	32q	-2.0%-$35.8K
VANGUARD INDEX FDS	VTV	$1.7M	7,998	0.15%	flat	32q	HELD
WELLS FARGO & CO	WFC	$1.7M	21,517	0.15%	-0.01pp	32q	-0.8%-$13.7K
VANGUARD INDEX FDS	VBR	$1.7M	7,255	0.14%	-0.01pp	13q	HELD
PACER FDS TR	ICOW	$1.7M	39,299	0.14%	-0.01pp	6q	-4.6%-$80.5K
SPDR SERIES TRUST	SPIB	$1.6M	50,752	0.14%	-0.01pp	8q	-1.8%-$29.7K
SPACE EXPLORATION TECHN CORP	SPCX	$1.6M	10,519	0.13%	+0.03pp	2q	+48.1%+$515.2K
CATERPILLAR INC	CAT	$1.6M	1,956	0.13%	-0.05pp	32q	-1.9%-$30.8K
ISHARES INC	EZU	$1.6M	23,500	0.13%	flat	5q	+8.2%+$119.5K
DELL TECHNOLOGIES INC	DELL	$1.6M	2,941	0.13%	-	new	NEW
ISHARES TR	IBMR	$1.6M	63,569	0.13%	-0.01pp	4q	HELD
ISHARES TR	IVW	$1.6M	10,917	0.13%	+0.01pp	32q	+6.8%+$98.3K
ISHARES TR	IBMP	$1.5M	61,037	0.13%	flat	4q	HELD
GOLDMAN SACHS ETF TR	GEM	$1.5M	29,447	0.13%	+0.01pp	3q	+8.2%+$114.2K
VISA INC	V	$1.5M	4,175	0.13%	flat	32q	-0.8%-$12.2K
MORGAN STANLEY	MS	$1.5M	7,973	0.13%	-0.02pp	28q	-2.2%-$34.2K
SPDR INDEX SHS FDS	FEZ	$1.5M	22,187	0.13%	+0.01pp	5q	+8.2%+$112.6K
ISHARES TR	IBMQ	$1.4M	56,019	0.12%	flat	4q	HELD
RTX CORPORATION	RTX	$1.4M	7,577	0.12%	flat	26q	HELD
CISCO SYS INC	CSCO	$1.4M	12,900	0.12%	-0.01pp	32q	HELD
GRAYSCALE BITCOIN TRUST ETF	GBTC	$1.4M	21,442	0.12%	+0.03pp	10q	-3.2%-$46.5K
UNITEDHEALTH GROUP INC	UNH	$1.4M	3,701	0.12%	-0.02pp	7q	-1.1%-$15.4K
VANGUARD INDEX FDS	VUG	$1.3M	14,678	0.11%	flat	13q	HELD
BOEING CO	BA	$1.3M	7,090	0.11%	-0.02pp	32q	HELD
SEAGATE TECHNOLOGY HLDNGS PL	STX	$1.3M	1,409	0.11%	+0.04pp	2q	+70.4%+$537.0K
SALESFORCE INC	CRM	$1.3M	5,652	0.11%	+0.03pp	32q	-1.1%-$14.9K
SCHWAB STRATEGIC TR	SCHE	$1.3M	35,458	0.11%	flat	3q	-1.0%-$12.8K
VANGUARD SCOTTSDALE FDS	VGSH	$1.3M	22,303	0.11%	-0.03pp	8q	-21.1%-$344.3K
DIREXION DAILY AAPL BULL2X ETF	AAPU	$1.3M	28,570	0.11%	-0.06pp	15q	-47.4%-$1.1M
ISHARES TR	SHY	$1.3M	15,517	0.11%	-0.01pp	32q	-3.2%-$41.7K
PHILIP MORRIS INTL INC	PM	$1.2M	6,505	0.11%	+0.01pp	32q	+3.9%+$46.9K
ISHARES TR	IBMS	$1.2M	49,125	0.10%	-0.01pp	4q	HELD
MARVELL TECHNOLOGY INC	MRVL	$1.2M	4,603	0.10%	-0.25pp	15q	-66.8%-$2.5M
KEYCORP	KEY	$1.1M	56,834	0.10%	-0.02pp	15q	-5.5%-$67.0K
VANGUARD SCOTTSDALE FDS	VCSH	$1.0M	13,575	0.09%	flat	8q	-1.3%-$14.1K
KARMAN HLDGS INC	KRMN	$1.0M	32,333	0.09%	-0.05pp	3q	HELD
BROADCOM INC	AVGO	$1.0M	2,960	0.09%	-0.01pp	8q	-6.2%-$69.2K
ISHARES TR	PFF	$1.0M	35,109	0.09%	flat	15q	HELD
ISHARES TR	IWF	$1.0M	8,060	0.09%	flat	12q	HELD
ZACKS TRUST	GROZ	$1.0M	29,841	0.09%	+0.03pp	7q	+36.1%+$267.9K
BITWISE BITCOIN ETF TR	BITB	$1.0M	22,155	0.09%	+0.02pp	10q	HELD
PROCTER & GAMBLE CO	PG	$1.0M	6,914	0.09%	flat	32q	HELD
WALMART INC	WMT	$968.0K	9,315	0.08%	+0.03pp	32q	+66.6%+$386.9K
ISHARES TR	AOA	$965.9K	9,930	0.08%	+0.01pp	20q	+11.9%+$102.9K
LAM RESEARCH CORP	LRCX	$940.0K	2,861	0.08%	-0.13pp	8q	-49.5%-$919.6K
ATLASSIAN CORPORATION	TEAM	$904.7K	5,045	0.08%	-	new	NEW
BANK OF AMER CORP	BAC	$834.0K	15,321	0.07%	flat	32q	+3.4%+$27.3K
PEPSICO INC	PEP	$827.6K	6,531	0.07%	-0.01pp	32q	HELD
ISHARES TR	FLOT	$825.2K	16,165	0.07%	flat	13q	-3.7%-$32.1K
DIREXION SHARES ETF TRUST	AMZU	$813.4K	23,942	0.07%	-0.09pp	15q	-55.8%-$1.0M
VANECK ETF TRUST	RAAX	$808.6K	20,300	0.07%	flat	3q	+7.5%+$56.7K
VANGUARD SCOTTSDALE FDS	VONV	$793.7K	7,301	0.07%	-0.03pp	7q	-29.2%-$327.6K
PROSHARES TR II	VIXY	$784.5K	46,309	0.07%	-	new	NEW
DIREXION SHARES ETF TRUST	GGLL	$774.0K	7,785	0.07%	-0.08pp	14q	-46.8%-$681.5K
J P MORGAN EXCHANGE TRADED F	JPST	$765.5K	15,197	0.07%	flat	4q	-5.0%-$40.6K
BERKSHIRE HATHAWAY INC DEL	BRKA	$747.0K	1	0.06%	flat	32q	HELD
PROSHARES TR	TQQQ	$746.5K	9,566	0.06%	-0.06pp	15q	-47.6%-$677.1K
DIREXION SHARES ETF TRUST	SOXL	$741.4K	5,014	0.06%	-0.06pp	3q	-9.3%-$76.2K
ARK ETF TR	ARKK	$740.2K	8,308	0.06%	flat	15q	-10.7%-$89.1K
INTEL CORP	INTC	$739.4K	6,149	0.06%	-0.16pp	6q	-66.2%-$1.4M
ISHARES TR	IWB	$699.9K	1,682	0.06%	flat	32q	HELD
NIKE INC	NKE	$658.9K	18,612	0.06%	flat	32q	+11.0%+$65.3K
DIREXION SHARES ETF TRUST	MSFU	$636.7K	16,201	0.05%	-0.01pp	15q	-51.4%-$673.3K
AIRBNB INC	ABNB	$634.3K	3,948	0.05%	+0.01pp	12q	HELD
ISHARES TR	DGRO	$608.6K	8,072	0.05%	flat	22q	-6.1%-$39.8K
BRISTOL-MYERS SQUIBB CO	BMY	$607.5K	9,736	0.05%	flat	30q	HELD
PALANTIR TECHNOLOGIES INC	PLTR	$602.7K	3,222	0.05%	+0.02pp	8q	-1.0%-$6.4K
ISHARES TR	IUSB	$590.0K	13,381	0.05%	+0.01pp	23q	+23.3%+$111.6K
ISHARES TR	IYG	$558.1K	6,207	0.05%	flat	27q	HELD
VANGUARD INDEX FDS	VO	$551.8K	7,036	0.05%	flat	3q	-2.9%-$16.6K
STARBUCKS CORP	SBUX	$550.8K	5,861	0.05%	-0.01pp	32q	-2.3%-$13.0K
NORTHWEST NAT HLDG CO	NWN	$547.5K	11,731	0.05%	flat	32q	HELD
SNOWFLAKE INC	SNOW	$543.8K	1,601	0.05%	-	new	NEW
VANGUARD WHITEHALL FDS	VYMI	$537.2K	5,311	0.05%	flat	5q	HELD
ISHARES TR	IYE	$531.8K	8,206	0.05%	+0.01pp	27q	HELD
RBB FD INC	TMFC	$529.7K	6,614	0.05%	flat	6q	HELD
BLACKSTONE INC	BX	$518.3K	4,624	0.04%	flat	29q	HELD
ABBOTT LABORATORIES	ABT	$516.8K	5,229	0.04%	flat	32q	+1.6%+$8.0K
NETFLIX INC.	NFLX	$513.4K	7,379	0.04%	flat	32q	-6.2%-$33.9K
ISHARES TR	IUSG	$510.6K	2,635	0.04%	-0.02pp	32q	-36.4%-$292.2K
ISHARES TR	AOK	$510.6K	12,659	0.04%	flat	15q	HELD
ISHARES TR	TIP	$491.5K	4,724	0.04%	flat	32q	-1.0%-$5.2K
ISHARES TR	EFV	$485.0K	6,127	0.04%	flat	23q	-1.9%-$9.3K
AT&T INC	T	$481.3K	19,724	0.04%	flat	32q	-1.9%-$9.6K
MASTERCARD INCORPORATED	MA	$470.0K	852	0.04%	flat	28q	+1.9%+$8.8K
DIREXION SHARES ETF TRUST	ERX	$464.0K	4,620	0.04%	-0.03pp	22q	-55.2%-$571.6K
ISHARES TR	IUSV	$463.7K	4,205	0.04%	-0.02pp	32q	-36.8%-$269.6K
QUALCOMM INC	QCOM	$462.9K	2,515	0.04%	flat	6q	-1.3%-$6.3K
GE AEROSPACE	GE	$457.8K	1,465	0.04%	-0.01pp	6q	HELD
ALTRIA GROUP INC	MO	$451.5K	6,705	0.04%	-0.01pp	32q	-4.9%-$23.2K
AGILENT TECHNOLOGIES INC	A	$447.9K	2,599	0.04%	+0.01pp	28q	+3.5%+$15.2K
ISHARES TR	IBDS	$447.8K	18,564	0.04%	-	new	DEBT
KROGER CO	KR	$442.6K	7,550	0.04%	flat	20q	-8.4%-$40.4K
HOME DEPOT INC	HD	$426.5K	1,499	0.04%	-0.01pp	32q	HELD
MCDONALDS CORP	MCD	$426.4K	1,846	0.04%	-0.01pp	32q	HELD
ISHARES TR	LQD	$423.9K	4,148	0.04%	-0.01pp	32q	-7.0%-$32.0K
DEERE CO	DE	$423.7K	631	0.04%	flat	32q	+1.4%+$6.0K
ISHARES TR	IWY	$420.4K	1,425	0.04%	flat	15q	HELD
HEWLETT PACKARD ENTERPRISE C	HPE	$419.9K	6,572	0.04%	+0.01pp	2q	HELD
ISHARES TR	ITA	$419.2K	2,023	0.04%	+0.01pp	6q	+73.5%+$177.6K
GE VERNOVA INC	GEV	$418.1K	439	0.04%	-0.01pp	6q	HELD
ISHARES TR	EFA	$417.8K	4,022	0.04%	flat	7q	HELD
VALERO ENERGY CORP	VLO	$415.5K	1,071	0.04%	+0.01pp	3q	+2.8%+$11.3K
MCCORMICK & CO INC	MKC	$412.3K	8,886	0.04%	flat	2q	+27.3%+$88.5K
DUKE ENERGY CORP NEW	DUK	$409.7K	3,593	0.03%	flat	20q	+2.0%+$8.1K
LOUISIANA PAC CORP	LPX	$404.7K	6,269	0.03%	-0.01pp	28q	HELD
KEYSIGHT TECHNOLOGIES INC	KEYS	$403.8K	1,109	0.03%	flat	6q	-11.1%-$50.6K
NEOS ETF TRUST	QQQI	$400.0K	7,200	0.03%	-	new	NEW
FORD MTR CO	F	$399.3K	33,109	0.03%	-0.01pp	32q	+0.8%+$3.1K
GRANITESHARES ETF TR 2X LONG	FBL	$398.9K	12,532	0.03%	-0.04pp	14q	-70.8%-$969.0K
KIMBERLY CLARK CORP	KMB	$396.7K	4,071	0.03%	flat	32q	HELD
FIRST TR EXCH TRADED FD III	FPE	$390.2K	22,888	0.03%	flat	12q	+1.1%+$4.2K
COCA COLA CO	KO	$387.8K	4,505	0.03%	flat	32q	+0.6%+$2.5K
DIREXION SHARES ETF TRUST	MUU	$386.9K	10,507	0.03%	-0.06pp	2q	+898.8%+$348.1K
VANGUARD WHITEHALL FDS	VIGI	$382.8K	4,054	0.03%	flat	12q	HELD
TEXAS INSTRS INC	TXN	$377.0K	1,346	0.03%	flat	6q	-3.9%-$15.4K
ISHARES TR	SMMD	$370.1K	4,327	0.03%	flat	24q	HELD
VANGUARD SCOTTSDALE FDS	VTWV	$370.0K	2,003	0.03%	flat	12q	-2.8%-$10.5K
NATERA INC	NTRA	$362.0K	875	0.03%	-	new	NEW
GLOBAL X FDS	BOTZ	$361.1K	10,250	0.03%	-	new	NEW
VANECK ETF TRUST	WARP	$357.5K	17,656	0.03%	-	new	NEW
SEMTECH CORP	SMTC	$356.7K	2,000	0.03%	flat	2q	HELD
ISHARES U S ETF TR	COMT	$355.4K	9,642	0.03%	flat	6q	-6.0%-$22.8K
ZSCALER INC	ZS	$354.0K	1,775	0.03%	+0.01pp	15q	-2.7%-$10.0K
GLOBAL X FDS	DTCR	$348.9K	12,857	0.03%	-	new	NEW
COLUMBIA BKG SYS INC	COLB	$340.3K	11,899	0.03%	flat	15q	-1.0%-$3.3K
CITIGROUP INC	C	$336.7K	2,600	0.03%	-0.01pp	12q	-8.2%-$30.2K
PAYPAL HLDGS INC	PYPL	$335.5K	6,386	0.03%	flat	10q	-9.1%-$33.5K
ALIBABA GROUP HLDG LTD	BABA	$333.4K	3,100	0.03%	flat	31q	-0.6%-$2.0K
AMGEN INC	AMGN	$333.3K	790	0.03%	flat	32q	-2.2%-$7.6K
LINDE PLC	LIN	$330.8K	697	0.03%	flat	5q	-1.7%-$5.7K
ISHARES TR	ARTY	$322.3K	4,115	0.03%	-	new	NEW
ISHARES TR	USMV	$319.9K	3,282	0.03%	flat	32q	HELD
APPLIED MATLS INC	AMAT	$319.1K	624	0.03%	-0.11pp	5q	-72.4%-$836.1K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$318.8K	698	0.03%	-0.01pp	5q	-15.6%-$58.9K
ISHARES INC	RING	$318.3K	4,154	0.03%	flat	5q	-23.7%-$99.1K
VANGUARD WHITEHALL FDS	VYM	$317.5K	2,045	0.03%	-0.01pp	11q	-18.8%-$73.7K
ISHARES TR	IGV	$312.0K	2,930	0.03%	flat	14q	HELD
INTUITIVE SURGICAL INC	ISRG	$310.7K	764	0.03%	flat	28q	-1.5%-$4.9K
ISHARES TR	IBDT	$310.1K	12,424	0.03%	-	new	NEW
IRON MTN INC DEL	IRM	$302.3K	2,725	0.03%	flat	28q	HELD
CONSTELLATION ENERGY CORP	CEG	$302.2K	1,189	0.03%	flat	6q	+17.8%+$45.8K
SPDR SERIES TRUST	SPTM	$301.2K	3,271	0.03%	flat	13q	HELD
INVESCO ACTVELY MNGD ETC FD	PDBC	$299.0K	15,493	0.03%	+0.01pp	8q	+5.4%+$15.2K
METLIFE INC	MET	$295.7K	3,140	0.03%	flat	32q	+0.7%+$2.2K
TRANE TECHNOLOGIES PLC	TT	$292.9K	648	0.02%	flat	10q	HELD
SPDR SERIES TRUST	BIL	$291.7K	3,182	0.02%	flat	8q	-2.0%-$6.0K
GILEAD SCIENCES INC	GILD	$288.1K	1,933	0.02%	flat	7q	HELD
CALIFORNIA WTR SVC GROUP	CWT	$287.5K	6,214	0.02%	flat	32q	HELD
VANGUARD INDEX FDS	VB	$280.2K	985	0.02%	flat	3q	HELD
ISHARES TR	IBDR	$278.9K	11,503	0.02%	-	new	DEBT
VANECK ETF TRUST	SMH	$275.1K	451	0.02%	-	new	NEW
ORACLE CORP	ORCL	$271.6K	1,977	0.02%	flat	32q	HELD
TELEDYNE TECHNOLOGIES INC	TDY	$270.0K	444	0.02%	flat	8q	-1.8%-$4.9K
TOWER SEMICONDUCTOR LTD	TSEM	$267.0K	1,174	0.02%	flat	3q	HELD
ISHARES TR	GOVT	$265.7K	12,148	0.02%	flat	2q	+4.9%+$12.3K
ISHARES TR	IDV	$265.6K	6,295	0.02%	flat	6q	+2.9%+$7.4K
DISNEY WALT CO	DIS	$261.6K	2,494	0.02%	flat	32q	-23.0%-$77.9K
WESTERN UN CO	WU	$259.2K	43,924	0.02%	flat	2q	+17.0%+$37.6K
CHARLES SCHWAB CORP (THE)	SCHW	$254.1K	2,600	0.02%	flat	8q	-1.2%-$3.0K
HP INC	HPQ	$253.5K	8,105	0.02%	-	new	NEW
WEYERHAEUSER CO	WY	$251.9K	13,224	0.02%	-0.01pp	32q	+0.5%+$1.3K
DIREXION SHS ETF TR	AIBU	$251.1K	3,517	0.02%	flat	2q	-9.6%-$26.6K
THERMO FISHER SCIENTIFIC INC	TMO	$245.5K	363	0.02%	-	new	NEW
GARMIN LTD	GRMN	$245.0K	854	0.02%	flat	8q	-29.4%-$101.8K
PHILLIPS 66	PSX	$237.8K	931	0.02%	-	new	NEW
SCHWAB STRATEGIC TR	SCHX	$235.3K	7,842	0.02%	flat	11q	-2.8%-$6.7K
KINDER MORGAN INC DEL	KMI	$234.9K	7,792	0.02%	flat	8q	+0.7%+$1.7K
GRAYSCALE BITCOIN MINI TR ET	BTC	$234.4K	6,343	0.02%	-	new	NEW
HONEYWELL INTL INC	HON	$231.8K	1,098	0.02%	flat	2q	+8.9%+$19.0K
EXPEDITORS INTL WASH INC	EXPD	$227.9K	1,234	0.02%	flat	2q	-3.2%-$7.6K
ROUNDHILL ETF TRUST	DRAM	$221.6K	3,671	0.02%	-0.82pp	2q	-97.2%-$7.7M
VERTEX PHARMACEUTICALS INC	VRTX	$219.9K	420	0.02%	flat	7q	-0.9%-$2.1K
AON PLC	AON	$219.6K	793	0.02%	flat	21q	HELD
ATS CORPORATION	ATS	$218.0K	12,080	0.02%	-0.01pp	14q	HELD
DIREXION SHARES ETF TRUST	DFEN	$216.7K	4,602	0.02%	-0.04pp	9q	-49.7%-$214.3K
ARK 21SHARES BITCOIN ETF	ARKB	$216.0K	7,800	0.02%	-	new	NEW
WISDOMTREE TR	DTD	$216.0K	2,311	0.02%	flat	2q	HELD
LOWES COS INC	LOW	$214.8K	1,165	0.02%	-0.01pp	28q	-15.6%-$39.6K
VANGUARD INDEX FDS	VTI	$214.5K	573	0.02%	flat	4q	-1.4%-$3.0K
ISHARES TR	QUAL	$212.2K	954	0.02%	flat	15q	-3.3%-$7.3K
CONOCOPHILLIPS	COP	$211.6K	1,690	0.02%	-	new	NEW
QUANTUM CORP	QUTX	$210.8K	6,645	0.02%	-	new	NEW
AUTOZONE INC	AZO	$209.4K	74	0.02%	flat	6q	+2.8%+$5.7K
ISHARES TR	IYW	$205.8K	777	0.02%	-	new	NEW
ISHARES TR	IJJ	$205.3K	1,490	0.02%	flat	2q	HELD
VANGUARD INDEX FDS	VV	$205.0K	582	0.02%	flat	2q	HELD
ISHARES TR	IBDU	$204.5K	9,011	0.02%	-	new	NEW
VANECK ETF TRUST	NLR	$202.6K	1,958	0.02%	-	new	NEW
PUBLIC STORAGE	PSA	$201.4K	712	0.02%	flat	2q	HELD
AMERICAN ELEC PWR CO INC	AEP	$201.1K	1,695	0.02%	flat	3q	+1.7%+$3.3K
KENVUE INC	KVUE	$177.6K	10,058	0.02%	flat	3q	HELD
NUSCALE PWR CORP	SMR	$127.4K	16,130	0.01%	flat	3q	HELD
DIREXION SHARES ETF TRUST	TSLL	$122.9K	13,637	0.01%	-0.04pp	15q	-66.9%-$248.5K
DNP SELECT INCOME FD INC	DNP	$103.5K	10,811	0.01%	flat	9q	+1.2%+$1.3K
AURORA CANNABIS INC	ACB	$72.9K	18,684	0.01%	flat	4q	HELD
LITHIUM AMERS CORP NEW	LAC	$28.8K	10,960	0.00%	flat	4q	HELD
NANOVIRICIDES INC	NNVC	$13.0K	10,000	0.00%	flat	5q	HELD
BLACKSTONE MORTGAGE TRUST IN		$13.0K	13,000	0.00%	flat	5q	DEBT
THEMES ETF TR	OPEG	$9.7K	10,216	0.00%	-	new	NEW
VIVOSIM LABS INC	VIVS	$2.3K	10,895	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
Computer Hardware	$49.1M	4.2%
Capital Markets	$47.1M	4.0%
Semiconductors & Electronics	$44.7M	3.8%
Banks & Lending	$41.7M	3.5%
Software & IT Services	$35.3M	3.0%
Biotech & Pharma	$29.9M	2.5%
Retail & Consumer	$20.8M	1.8%
Other sectors	$56.4M	4.8%
Not classified	$851.0M	72.4%

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	-1.6%	+2.1%	-3.7%	99%
Q2 2026	+11.0%	+14.8%	-3.9%	100%
Q1 2026	+0.3%	-4.6%	+4.9%	100%
Q4 2025	+0.9%	+2.4%	-1.4%	100%
Q3 2025	+5.5%	+7.8%	-2.3%	100%
Q2 2025	+6.1%	+10.5%	-4.4%	100%
Q1 2025	-1.9%	-4.6%	+2.6%	100%
Q4 2024	-0.4%	+2.1%	-2.5%	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	$1.2B	289	29	79	103	23	36.1%	19
Q2 2026	$1.2B	283	30	84	101	13	37.0%	23
Q1 2026	$1.0B	266	28	86	100	28	42.0%	45
Q4 2025	$998.1M	266	15	81	96	13	42.0%	44
Q3 2025	$980.2M	264	26	80	97	6	42.0%	45
Q2 2025	$890.0M	244	28	93	89	16	44.3%	42
Q1 2025	$823.2M	232	21	75	92	13	44.8%	45
Q4 2024	$823.8M	224	27	58	91	18	54.9%	44
Q3 2024	$838.2M	215	11	42	129	74	56.3%	45
Q2 2024	$883.2M	278	12	100	117	18	50.4%	16
Q1 2024	$871.8M	284	16	120	94	22	51.7%	25
Q4 2023	$790.1M	290	36	92	97	6	50.4%	30
Q3 2023	$720.1M	260	33	127	60	14	47.7%	44
Q2 2023	$676.9M	241	21	79	80	13	55.0%	42
Q1 2023	$675.9M	233	33	66	71	21	54.2%	41
Q4 2022	$649.4M	221	19	76	77	18	62.0%	45
Q3 2022	$660.7M	220	13	88	56	22	66.4%	35
Q2 2022	$687.3M	229	10	87	55	21	61.9%	28
Q1 2022	$710.7M	240	14	80	98	42	58.7%	39
Q4 2021	$702.7M	268	32	104	81	9	47.9%	42
Q3 2021	$687.1M	245	19	66	80	11	49.9%	36
Q2 2021	$673.2M	237	20	84	102	16	53.0%	41
Q1 2021	$618.8M	233	18	110	82	511	54.5%	42
Q4 2020	$596.8M	726	68	133	176	24	55.5%	11
Q3 2020	$585.4M	682	42	111	151	31	53.3%	9
Q2 2020	$546.6M	671	73	166	107	60	49.8%	7
Q1 2020	$469.6M	658	60	127	249	192	51.9%	20
Q4 2019	$652.3M	790	583	93	60	2	56.3%	27
Q3 2019	$579.0M	209	4	88	56	575	58.9%	9
Q2 2019	$587.0M	780	580	70	91	3	57.4%	32
Q1 2019	$524.7M	203	20	40	124	46	56.7%	25
Q4 2018	$566.9M	229	0	0	0	0	49.1%	14

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.