DaveManuel.com · Institutional Ownership · 13F Holdings

CANTOR FITZGERALD INVESTMENT ADVISORS L.P.

Reported holdings as of Q3 2026, from 26 quarterly filings.

CIK

1710477

Reported value

$3.3B

Positions

229

Top 10 weight

28.1%

Filed

2026-10-16

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IEI	$171.6M	1,512,816	5.24%	-0.79pp	18q	+98.9%+$85.3M
ISHARES TR	IVV	$162.0M	211,544	4.94%	-0.24pp	26q	+106.1%+$83.4M
VANGUARD INDEX FDS	VOO	$104.1M	148,568	3.18%	-0.38pp	26q	+93.7%+$50.4M
INVESCO QQQ TR	QQQ	$96.9M	130,934	2.96%	-0.31pp	20q	+99.2%+$48.2M
VANGUARD SCOTTSDALE FDS	VMBS	$94.6M	2,129,706	2.89%	-0.55pp	25q	+95.8%+$46.3M
VANGUARD TAX-MANAGED FDS	VEA	$82.6M	1,169,448	2.52%	-0.31pp	26q	+98.4%+$41.0M
HEWLETT PACKARD ENTERPRISE C	HPE	$61.4M	961,688	1.87%	-0.33pp	12q	+32.7%+$15.1M
MICROSOFT CORP	MSFT	$50.8M	99,124	1.55%	+1.20pp	24q	+617.9%+$43.8M
SCHWAB STRATEGIC TR	SCHX	$49.9M	1,663,702	1.52%	-0.10pp	26q	+103.5%+$25.4M
EMERSON ELEC CO	EMR	$45.4M	292,900	1.39%	flat	16q	+104.7%+$23.2M
CVS HEALTH CORP	CVS	$44.7M	521,184	1.36%	-0.41pp	16q	+105.0%+$22.9M
HP INC	HPQ	$44.1M	1,408,734	1.34%	+0.32pp	16q	+103.7%+$22.4M
SPDR SERIES TRUST	SPIB	$41.7M	1,290,450	1.27%	-0.20pp	26q	+98.3%+$20.6M
WELLS FARGO & CO	WFC	$41.6M	519,998	1.27%	-0.15pp	16q	+104.4%+$21.3M
ACCENTURE PLC IRELAND	ACN	$41.6M	226,822	1.27%	+0.34pp	2q	+105.2%+$21.3M
JOHNSON & JOHNSON	JNJ	$39.8M	150,398	1.21%	-0.06pp	16q	+101.7%+$20.1M
VANGUARD INTL EQUITY INDEX F	VWO	$39.3M	663,280	1.20%	-0.12pp	26q	+102.0%+$19.9M
ISHARES TR	IJH	$38.5M	535,284	1.18%	-0.21pp	26q	+101.2%+$19.4M
ARBITRAGE FDS	ARB	$37.2M	1,241,910	1.13%	-	new	NEW
STANLEY BLACK & DECKER INC.	SWK	$37.1M	418,236	1.13%	-0.17pp	14q	+104.3%+$18.9M
TRUIST FINL CORP	TFC	$37.0M	799,310	1.13%	-0.19pp	16q	+104.0%+$18.9M
SMUCKER J M CO	SJM	$36.9M	310,622	1.13%	-0.02pp	16q	+104.7%+$18.9M
US BANCORP	USB	$36.6M	634,418	1.12%	-0.14pp	16q	+105.1%+$18.8M
METLIFE INC	MET	$36.0M	381,978	1.10%	+0.11pp	16q	+121.5%+$19.7M
NVIDIA CORPORATION	NVDA	$35.8M	156,846	1.09%	+0.78pp	9q	+585.5%+$30.6M
BEST BUY INC	BBY	$35.8M	405,546	1.09%	+0.08pp	11q	+104.5%+$18.3M
INTERNATIONAL BUSINESS MACHS	IBM	$35.5M	161,604	1.08%	+0.29pp	16q	+286.2%+$26.3M
TARGET CORP	TGT	$35.1M	223,830	1.07%	+0.11pp	16q	+104.5%+$17.9M
INTERNATIONAL FLAVORS&FRAGRA	IFF	$34.8M	417,004	1.06%	-0.03pp	12q	+104.8%+$17.8M
MONDELEZ INTL INC	MDLZ	$34.2M	592,312	1.04%	-0.08pp	16q	+105.1%+$17.5M
PEPSICO INC	PEP	$34.0M	268,494	1.04%	+0.93pp	16q	+2164.8%+$32.5M
KIMBERLY CLARK CORP	KMB	$33.4M	342,648	1.02%	-0.22pp	16q	+104.7%+$17.1M
BRISTOL-MYERS SQUIBB CO	BMY	$33.1M	530,180	1.01%	flat	16q	+104.7%+$16.9M
OKTA INC	OKTA	$32.9M	157,560	1.01%	-	new	NEW
GENUINE PARTS CO	GPC	$32.8M	261,250	1.00%	+0.01pp	16q	+109.2%+$17.1M
UNITED PARCEL SVCS INC	UPS	$32.6M	348,542	0.99%	-0.25pp	26q	+103.4%+$16.6M
EXXONMOBIL HOLDINGS CORP	XOM	$32.0M	196,598	0.98%	-	new	NEW
PRUDENTIAL FINL INC	PRU	$31.8M	279,934	0.97%	-0.03pp	16q	+104.3%+$16.2M
PARKER HANNIFIN CORP	PH	$31.5M	32,985	0.96%	-	new	NEW
PPG INDS INC	PPG	$29.2M	279,790	0.89%	-0.23pp	8q	+104.6%+$14.9M
MEDTRONIC PLC	MDT	$28.8M	334,082	0.88%	+0.02pp	16q	+104.0%+$14.7M
PFIZER INC	PFE	$28.6M	1,003,184	0.87%	+0.07pp	16q	+101.8%+$14.4M
CHEVRON CORPORATION	CVX	$28.6M	139,842	0.87%	+0.10pp	16q	+102.2%+$14.4M
PHILIP MORRIS INTL INC	PM	$28.1M	147,018	0.86%	-0.02pp	16q	+105.7%+$14.4M
DEVON ENERGY CORP NEW	DVN	$27.2M	591,508	0.83%	+0.02pp	16q	+104.4%+$13.9M
CONOCOPHILLIPS	COP	$27.2M	217,460	0.83%	-0.08pp	16q	+67.5%+$11.0M
HOME DEPOT INC	HD	$26.9M	94,720	0.82%	-0.29pp	12q	+103.0%+$13.7M
SALESFORCE INC	CRM	$26.8M	116,830	0.82%	+0.80pp	9q	+8185.8%+$26.5M
DOLLAR GEN CORP	DG	$26.6M	222,626	0.81%	+0.04pp	9q	+124.3%+$14.8M
WEYERHAEUSER CO	WY	$26.4M	1,383,904	0.80%	-0.31pp	4q	+100.6%+$13.2M
TEXAS INSTRS INC	TXN	$26.3M	94,076	0.80%	-0.67pp	7q	+28.0%+$5.8M
STATE STR CORP	STT	$25.8M	147,742	0.79%	-0.02pp	7q	+109.7%+$13.5M
NOVO-NORDISK A S	NVO	$25.3M	667,240	0.77%	+0.08pp	5q	+211.7%+$17.2M
FIFTH THIRD BANCORP	FITB	$25.0M	494,090	0.76%	-0.15pp	4q	+105.4%+$12.8M
DUKE ENERGY CORP NEW	DUK	$24.7M	216,888	0.75%	-0.15pp	16q	+104.7%+$12.6M
VERIZON COMMUNICATIONS INC	VZ	$23.9M	521,800	0.73%	+0.01pp	16q	+108.1%+$12.4M
FIDELITY NATL INFORMATION SV	FIS	$22.2M	674,162	0.68%	-0.18pp	14q	+106.2%+$11.4M
AMCOR PLC	AMCR	$21.3M	508,378	0.65%	-0.08pp	3q	+105.0%+$10.9M
LOCKHEED MARTIN CORP	LMT	$20.6M	40,434	0.63%	-0.05pp	16q	+105.1%+$10.6M
COMCAST CORP NEW	CMCSA	$20.5M	940,914	0.62%	-0.25pp	12q	+78.5%+$9.0M
APPLE INC	AAPL	$20.0M	60,148	0.61%	+0.01pp	26q	+95.5%+$9.8M
VEEVA SYS INC	VEEV	$19.9M	69,700	0.61%	-	new	NEW
SHELL PLC	SHEL	$19.2M	201,974	0.59%	+0.07pp	13q	+104.5%+$9.8M
REGENERON PHARMACEUTICALS	REGN	$18.9M	24,900	0.58%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VGIT	$18.2M	320,500	0.55%	-0.14pp	14q	+83.5%+$8.3M
JPMORGAN CHASE & CO	JPM	$17.5M	52,930	0.53%	-0.06pp	16q	+98.3%+$8.7M
TJX COS INC NEW	TJX	$17.0M	128,688	0.52%	+0.41pp	16q	+1117.6%+$15.6M
SLB LIMITED	SLB	$16.3M	334,110	0.50%	-0.02pp	9q	+104.3%+$8.3M
LYONDELLBASELL INDUSTRIES NV	LYB	$16.1M	280,958	0.49%	+0.01pp	6q	+105.9%+$8.3M
NISOURCE INC	NI	$15.8M	405,712	0.48%	-0.15pp	11q	+104.0%+$8.1M
UNILEVER PLC	UL	$15.8M	260,096	0.48%	-0.01pp	2q	+112.8%+$8.4M
TAPESTRY INC	TPR	$15.6M	135,270	0.47%	+0.46pp	16q	+7211.9%+$15.3M
VANGUARD SCOTTSDALE FDS	VCIT	$15.1M	192,700	0.46%	-0.11pp	18q	+88.6%+$7.1M
TRACTOR SUPPLY CO	TSCO	$14.8M	472,782	0.45%	-0.03pp	2q	+108.4%+$7.7M
AT&T INC	T	$14.8M	605,210	0.45%	+0.06pp	16q	+113.6%+$7.9M
SCHWAB STRATEGIC TR	SCHM	$14.7M	433,432	0.45%	-0.09pp	26q	+100.2%+$7.4M
STATE STR SPDR S&P 500 ETF T	SPY	$14.7M	19,328	0.45%	-0.01pp	26q	+113.8%+$7.8M
FIDELITY COVINGTON TRUST	FTEC	$14.7M	48,972	0.45%	-0.02pp	13q	+100.5%+$7.4M
NATIONAL FUEL GAS CO	NFG	$13.9M	183,540	0.42%	+0.15pp	16q	+251.0%+$10.0M
WATERS CORP	WAT	$13.7M	31,130	0.42%	-	new	NEW
ISHARES TR	IDEV	$13.5M	151,340	0.41%	-0.06pp	21q	+93.6%+$6.5M
SPDR SERIES TRUST	SPMB	$12.1M	572,558	0.37%	-0.09pp	14q	+87.2%+$5.6M
CONAGRA BRANDS INC	CAG	$12.0M	895,954	0.37%	-0.10pp	8q	+74.8%+$5.2M
NETFLIX INC.	NFLX	$11.9M	171,547	0.36%	-	new	NEW
ISHARES TR	IJR	$11.8M	86,796	0.36%	-0.07pp	26q	+99.9%+$5.9M
SPDR SERIES TRUST	SJNK	$11.2M	462,500	0.34%	-0.07pp	26q	+91.4%+$5.4M
MERCK & CO INC	MRK	$11.0M	75,814	0.34%	-0.63pp	16q	-31.7%-$5.1M
VANGUARD INDEX FDS	VTI	$9.7M	25,842	0.30%	-0.05pp	26q	+87.6%+$4.5M
CISCO SYS INC	CSCO	$9.1M	84,446	0.28%	-0.05pp	16q	+101.6%+$4.6M
ISHARES INC	IEMG	$8.9M	109,148	0.27%	-0.05pp	26q	+92.0%+$4.2M
BANK OF NY MELLON CORP	BNY	$8.6M	59,560	0.26%	+0.02pp	16q	+138.6%+$5.0M
DBX ETF TR	SHYL	$8.6M	200,000	0.26%	-0.04pp	26q	+101.4%+$4.3M
QUANTA SVCS INC	PWR	$7.9M	12,306	0.24%	+0.04pp	14q	+191.3%+$5.2M
BANK OF AMER CORP	BAC	$7.8M	143,140	0.24%	-0.03pp	16q	+102.2%+$3.9M
BROADCOM INC	AVGO	$6.5M	18,394	0.20%	-0.03pp	16q	+104.2%+$3.3M
DELL TECHNOLOGIES INC	DELL	$6.2M	11,502	0.19%	+0.02pp	9q	+93.5%+$3.0M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$6.1M	13,436	0.19%	-	new	NEW
RTX CORPORATION	RTX	$6.0M	32,476	0.18%	-0.02pp	16q	+102.1%+$3.0M
TRAVELERS COMPANIES INC	TRV	$5.7M	16,126	0.18%	-0.88pp	16q	-66.1%-$11.2M
SIMON PPTY GROUP INC NEW	SPG	$5.7M	28,290	0.17%	-0.04pp	16q	+102.1%+$2.9M
EATON CORP PLC	ETN	$5.3M	12,356	0.16%	-0.01pp	16q	+102.6%+$2.7M
ISHARES TR	EAGG	$4.9M	107,898	0.15%	-0.02pp	16q	+100.6%+$2.4M
CAPITAL ONE FINL CORP	COF	$4.9M	25,280	0.15%	-0.02pp	16q	+103.1%+$2.5M
VANGUARD INDEX FDS	VV	$4.6M	12,980	0.14%	-0.10pp	26q	+23.3%+$862.7K
BERKSHIRE HATHAWAY INC DEL	BRKA	$4.5M	6	0.14%	-0.01pp	7q	+100.0%+$2.2M
FEDEX CORP	FDX	$4.5M	15,706	0.14%	-0.03pp	16q	+102.4%+$2.3M
WALMART INC	WMT	$4.4M	42,060	0.13%	-0.04pp	18q	+85.4%+$2.0M
SPDR INDEX SHS FDS	SPEM	$4.3M	83,094	0.13%	-0.01pp	9q	+103.4%+$2.2M
COSTCO WHOLESALE CORPORATION	COST	$4.1M	4,476	0.12%	-0.02pp	26q	+100.0%+$2.0M
SPDR SERIES TRUST	SPYV	$3.9M	64,586	0.12%	-0.01pp	9q	+100.5%+$2.0M
DBX ETF TR	SNPE	$3.9M	56,378	0.12%	-0.01pp	21q	+99.7%+$2.0M
NYLIM ETF TR	MNA	$3.9M	106,080	0.12%	-0.02pp	12q	+82.2%+$1.8M
SPDR SERIES TRUST	SPYG	$3.8M	31,222	0.12%	-0.01pp	9q	+98.9%+$1.9M
NUCOR CORP	NUE	$3.8M	16,182	0.12%	-0.01pp	16q	+101.0%+$1.9M
ISHARES TR	MBB	$3.7M	41,832	0.11%	-0.01pp	9q	+111.7%+$2.0M
VANGUARD BD INDEX FDS	BND	$3.6M	51,998	0.11%	-0.16pp	26q	-5.1%-$196.8K
ANALOG DEVICES INC	ADI	$3.5M	8,862	0.11%	-0.01pp	9q	+100.0%+$1.8M
Dominion Energy, Inc.	D	$3.5M	58,048	0.11%	-0.02pp	13q	+102.5%+$1.8M
VANGUARD INTL EQUITY INDEX F	VEU	$3.4M	41,316	0.10%	flat	26q	+116.4%+$1.8M
ISHARES TR	ITOT	$3.4M	20,602	0.10%	-0.01pp	9q	+100.0%+$1.7M
CELESTICA INC	CLS	$3.3M	9,250	0.10%	-	new	NEW
SCHWAB STRATEGIC TR	SCHA	$3.3M	101,500	0.10%	-0.02pp	26q	+99.3%+$1.7M
VANGUARD INDEX FDS	VO	$3.3M	41,850	0.10%	-0.03pp	26q	+72.1%+$1.4M
ELEVANCE HEALTH INC FORMERLY	ELV	$3.1M	8,060	0.10%	-0.01pp	5q	+103.5%+$1.6M
DOW HLDGS INC	DOW	$3.1M	111,640	0.09%	-0.01pp	16q	+102.0%+$1.6M
VISA INC	V	$3.0M	8,242	0.09%	-0.01pp	12q	+92.6%+$1.4M
VALERO ENERGY CORP	VLO	$2.8M	7,330	0.09%	-	new	NEW
ARISTA NETWORKS INC	ANET	$2.8M	13,807	0.09%	-	new	NEW
AVEANNA HEALTHCARE HLDGS INC	AVAH	$2.8M	224,600	0.09%	-	new	NEW
AMAZON COM INC	AMZN	$2.8M	11,148	0.08%	flat	10q	+106.1%+$1.4M
DICKS SPORTING GOODS INC	DKS	$2.7M	20,100	0.08%	-	new	NEW
COMFORT SYS USA INC	FIX	$2.6M	1,600	0.08%	-	new	NEW
BRINKER INTL INC	EAT	$2.6M	13,550	0.08%	-	new	NEW
ELASTIC N V	ESTC	$2.6M	28,500	0.08%	-	new	NEW
TRANE TECHNOLOGIES PLC	TT	$2.6M	5,756	0.08%	-0.02pp	16q	+100.3%+$1.3M
COCA-COLA EUROPACIFIC PARTNE	CCEP	$2.6M	25,390	0.08%	-	new	NEW
AZZ INC	AZZ	$2.6M	19,000	0.08%	-	new	NEW
PHILLIPS 66	PSX	$2.6M	10,000	0.08%	-	new	NEW
BP PLC	BP	$2.5M	57,646	0.08%	-	new	NEW
APPLIED MATLS INC	AMAT	$2.5M	4,944	0.08%	-0.11pp	9q	+31.0%+$598.3K
ARM HOLDINGS PLC	ARM	$2.5M	8,520	0.08%	-	new	NEW
KINROSS GOLD CORP	KGC	$2.4M	101,550	0.07%	-	new	NEW
COHERENT CORP	COHR	$2.4M	8,450	0.07%	-	new	NEW
LINCOLN NATL CORP IND	LNC	$2.4M	60,124	0.07%	flat	16q	+103.4%+$1.2M
SOUTHWEST AIRLS CO	LUV	$2.4M	57,400	0.07%	-0.02pp	3q	+103.7%+$1.2M
SONOCO PRODS CO	SON	$2.4M	48,520	0.07%	-0.02pp	5q	+103.6%+$1.2M
BARRICK MNG CORP	B	$2.4M	57,900	0.07%	-	new	NEW
MASTERCARD INCORPORATED	MA	$2.3M	4,256	0.07%	flat	12q	+100.0%+$1.2M
COVISTA INC	CVSA	$2.3M	18,500	0.07%	-	new	NEW
ATMOS ENERGY CORP	ATO	$2.2M	14,258	0.07%	-0.01pp	15q	+102.7%+$1.1M
ROCKWELL AUTOMATION INC	ROK	$2.2M	5,000	0.07%	-	new	NEW
ISHARES TR	IWM	$2.1M	7,732	0.07%	-0.02pp	26q	+90.8%+$1.0M
CBOE GLOBAL MKTS INC	CBOE	$2.1M	7,760	0.07%	-	new	NEW
BLACKSTONE INC	BX	$2.1M	18,978	0.06%	-0.01pp	16q	+100.0%+$1.1M
Nutex Health Inc	NUTX	$2.1M	10,000	0.06%	-	new	NEW
CADENCE DESIGN SYSTEM INC	CDNS	$2.1M	6,380	0.06%	-	new	NEW
ISHARES TR	IEFA	$2.1M	21,418	0.06%	flat	26q	+130.4%+$1.2M
FIRST HORIZON CORPORATION	FHN	$2.1M	90,000	0.06%	-	new	NEW
SCHWAB STRATEGIC TR	SCHR	$2.0M	83,998	0.06%	-0.01pp	9q	+89.6%+$940.8K
KULICKE & SOFFA INDS INC	KLIC	$1.9M	20,500	0.06%	-	new	NEW
PACS GROUP INC	PACS	$1.9M	46,200	0.06%	-	new	NEW
DIMENSIONAL ETF TRUST	DFUV	$1.9M	34,570	0.06%	-0.01pp	12q	+100.6%+$953.5K
Q2 HLDGS INC	QTWO	$1.8M	32,400	0.05%	-	new	NEW
MEDPACE HLDGS INC	MEDP	$1.8M	2,870	0.05%	-	new	NEW
ZURN ELKAY WATER SOLNS CORP	ZWS	$1.8M	38,500	0.05%	-	new	NEW
BRIGHTSPRING HEALTH SVCS INC	BTSG	$1.7M	30,630	0.05%	-	new	NEW
FORD MTR CO	F	$1.7M	142,100	0.05%	-0.01pp	16q	+102.7%+$868.3K
NUSHARES ETF TR	NUBD	$1.7M	80,536	0.05%	-0.01pp	22q	+90.0%+$807.8K
CLEAR SECURE INC	YOU	$1.7M	40,000	0.05%	-	new	NEW
SPDR INDEX SHS FDS	SPDW	$1.7M	33,216	0.05%	flat	9q	+116.1%+$896.1K
META PLATFORMS INC	META	$1.7M	2,276	0.05%	-0.01pp	20q	+48.5%+$538.8K
VICI PPTYS INC	VICI	$1.6M	70,000	0.05%	-	new	NEW
WEC ENERGY GROUP INC	WEC	$1.6M	15,740	0.05%	-	new	NEW
WATTS WATER TECHNOLOGIES INC	WTS	$1.6M	4,450	0.05%	-	new	NEW
CME GROUP INC	CME	$1.6M	6,000	0.05%	-	new	NEW
ISHARES TR	IUSB	$1.5M	34,650	0.05%	-0.01pp	9q	+88.9%+$718.9K
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$1.4M	6,764	0.04%	-	new	NEW
SPDR GOLD TR	GLD	$1.4M	3,634	0.04%	flat	18q	+100.0%+$692.0K
ISHARES TR	IXUS	$1.4M	14,548	0.04%	flat	9q	+100.0%+$691.0K
EXTREME NETWORKS INC	EXTR	$1.4M	64,000	0.04%	-	new	NEW
STEEL DYNAMICS INC	STLD	$1.3M	6,000	0.04%	-	new	NEW
ABBVIE INC	ABBV	$1.3M	4,900	0.04%	-0.04pp	9q	HELD
LAM RESEARCH CORP	LRCX	$1.3M	3,900	0.04%	flat	4q	+185.3%+$832.1K
ALPHABET INC	GOOGL	$1.3M	3,706	0.04%	+0.01pp	9q	+173.5%+$808.9K
VANGUARD SCOTTSDALE FDS	VGLT	$1.3M	25,136	0.04%	-0.02pp	9q	+58.4%+$464.8K
ISHARES TR	SUSB	$1.2M	51,050	0.04%	-0.01pp	25q	+96.7%+$613.0K
BERKSHIRE HATHAWAY INC DEL	BRKB	$1.2M	2,446	0.04%	-0.01pp	13q	+71.9%+$509.4K
ISHARES TR	ESGU	$1.2M	6,964	0.04%	-0.01pp	23q	+85.9%+$536.8K
IRON MTN INC DEL	IRM	$1.1M	10,000	0.03%	-	new	NEW
QUALCOMM INC	QCOM	$1.1M	5,880	0.03%	-0.02pp	26q	+49.2%+$357.0K
SPDR SERIES TRUST	QNDX	$1.0M	40,590	0.03%	-	new	NEW
VANGUARD SPECIALIZED FUNDS	VIG	$979.9K	4,200	0.03%	-0.07pp	26q	-31.1%-$442.1K
AGILENT TECHNOLOGIES INC	A	$915.0K	5,310	0.03%	flat	26q	+100.0%+$457.5K
DBX ETF TR	DMXU	$915.0K	24,188	0.03%	flat	16q	+96.4%+$449.2K
FEDEX FGHT HLDG CO INC	FDXF	$856.7K	7,832	0.03%	-0.01pp	2q	+102.6%+$433.8K
CATERPILLAR INC	CAT	$840.0K	1,036	0.03%	-0.06pp	9q	-14.7%-$145.1K
CRESCENT ENERGY COMPANY	CRGY	$800.9K	62,132	0.02%	-	new	NEW
ALPHABET INC	GOOG	$780.3K	2,290	0.02%	flat	5q	+99.1%+$388.4K
ISHARES TR	DVY	$774.9K	5,096	0.02%	flat	9q	+100.0%+$387.5K
VANGUARD BD INDEX FDS	BSV	$766.8K	10,036	0.02%	flat	9q	+112.5%+$405.9K
SOUTHERN CO	SO	$746.0K	9,000	0.02%	-0.01pp	12q	+100.0%+$373.0K
ISHARES TR	AGG	$744.3K	7,872	0.02%	-0.01pp	4q	+41.1%+$216.7K
CUMMINS INC	CMI	$728.4K	1,410	0.02%	-0.01pp	5q	+101.4%+$366.8K
GE AEROSPACE	GE	$725.1K	2,322	0.02%	-0.01pp	15q	+100.0%+$362.6K
GOLDMAN SACHS GROUP INC	GS	$720.3K	800	0.02%	-0.01pp	8q	+100.0%+$360.1K
AEROVIRONMENT INC	AVAV	$711.1K	5,000	0.02%	-	new	NEW
3M CO	MMM	$688.1K	4,192	0.02%	flat	21q	+100.0%+$344.1K
VANGUARD SCOTTSDALE FDS	VCSH	$678.7K	8,786	0.02%	flat	9q	+100.0%+$339.4K
NORTHERN TR CORP	NTRS	$677.4K	4,000	0.02%	-	new	NEW
ISHARES TR	XJH	$664.9K	13,630	0.02%	flat	10q	+97.1%+$327.6K
INTEL CORP	INTC	$648.9K	5,396	0.02%	-0.01pp	16q	+100.0%+$324.4K
XYLEM INC	XYL	$607.6K	6,000	0.02%	-	new	NEW
ENTERGY CORP NEW	ETR	$595.6K	6,000	0.02%	-	new	NEW
CSX CORP	CSX	$588.4K	12,650	0.02%	flat	6q	+100.0%+$294.2K
BOOT BARN HLDGS INC	BOOT	$587.9K	4,880	0.02%	-0.01pp	9q	+100.0%+$293.9K
SCHWAB STRATEGIC TR	SCHB	$584.2K	19,932	0.02%	flat	8q	+100.3%+$292.6K
GE VERNOVA INC	GEV	$577.9K	608	0.02%	-0.01pp	6q	+104.0%+$294.7K
NORFOLK SOUTHN CORP	NSC	$571.6K	1,850	0.02%	flat	9q	+100.0%+$285.8K
DBX ETF TR	EMCS	$555.4K	11,904	0.02%	flat	16q	+100.0%+$277.7K
SPDR SERIES TRUST	BIL	$540.9K	5,902	0.02%	-0.02pp	9q	HELD
CONSOLIDATED EDISON INC	ED	$511.1K	5,000	0.02%	-	new	NEW
MICRON TECHNOLOGY INC	MU	$500.6K	470	0.02%	flat	2q	+104.3%+$255.6K
MONSTER BEVERAGE CORP NEW	MNST	$499.4K	12,000	0.02%	flat	5q	+100.0%+$249.7K
VANGUARD WORLD FD	VGT	$470.3K	3,742	0.01%	flat	2q	+99.8%+$234.9K
SPDR SERIES TRUST	EFIV	$454.0K	6,130	0.01%	flat	2q	+100.0%+$227.0K
EXELON CORP	EXC	$444.4K	11,000	0.01%	-	new	NEW
VANGUARD STAR FDS	VXUS	$423.7K	4,986	0.01%	flat	3q	+99.9%+$211.8K
DTE ENERGY CO	DTE	$365.4K	3,000	0.01%	-	new	NEW
FTAI INFRASTRUCTURE INC	FIP	$58.0K	21,000	0.00%	flat	12q	+100.0%+$29.0K

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
Banks & Lending	$207.6M	6.3%
Retail & Consumer	$188.9M	5.8%
Computer Hardware	$180.5M	5.5%
Energy	$175.4M	5.4%
Biotech & Pharma	$174.4M	5.3%
Food, Drink & Tobacco	$148.4M	4.5%
Software & IT Services	$143.8M	4.4%
Industrials	$140.3M	4.3%
Semiconductors & Electronics	$137.5M	4.2%
Chemicals	$99.0M	3.0%
Insurance	$84.8M	2.6%
Business Services	$73.5M	2.2%
Other sectors	$388.6M	11.9%
Not classified	$1.1B	34.6%

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	+0.8%	+2.1%	-1.3%	99%
Q2 2026	+9.9%	+14.8%	-4.9%	100%
Q1 2026	+2.7%	-4.6%	+7.4%	100%
Q4 2025	+1.7%	+2.4%	-0.6%	100%
Q3 2025	+4.9%	+7.8%	-3.0%	100%
Q2 2025	+3.3%	+10.5%	-7.2%	100%
Q1 2025	+1.4%	-4.6%	+6.0%	100%
Q4 2024	-2.3%	+2.1%	-4.4%	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	$3.3B	229	55	167	5	10	28.1%	16
Q2 2026	$1.5B	184	7	76	50	1	31.4%	24
Q1 2026	$1.4B	178	4	57	84	11	31.1%	23
Q4 2025	$1.4B	185	7	26	101	13	30.7%	23
Q3 2025	$1.5B	191	8	46	65	3	28.2%	21
Q2 2025	$1.4B	186	6	56	52	2	28.2%	18
Q1 2025	$1.4B	182	6	48	90	7	27.0%	22
Q4 2024	$1.4B	183	4	51	80	7	25.5%	28
Q3 2024	$1.5B	186	40	62	34	1	25.1%	25
Q2 2024	$1.3B	147	4	39	75	2	25.6%	19
Q1 2024	$1.3B	145	2	15	97	6	25.1%	30
Q4 2023	$1.3B	149	16	26	106	173	25.7%	43
Q1 2022	$2.2B	306	18	99	34	15	24.8%	41
Q4 2021	$1.6B	303	151	53	62	1	33.8%	45
Q3 2021	$1.4B	153	3	64	47	4	41.1%	14
Q2 2021	$1.4B	154	87	30	25	0	42.4%	16
Q1 2021	$703.1M	67	0	0	2	0	70.1%	14
Q4 2020	$704.0M	67	12	16	32	4	70.1%	14
Q3 2020	$611.5M	59	0	0	6	0	66.1%	13
Q2 2020	$612.4M	59	5	14	23	4	66.0%	15
Q1 2020	$544.6M	58	9	16	18	6	69.9%	23
Q4 2019	$640.1M	55	5	13	25	3	76.8%	14
Q3 2019	$613.8M	53	2	11	23	5	76.8%	18
Q2 2019	$639.5M	56	4	10	21	4	76.1%	11
Q1 2019	$629.9M	56	8	17	16	3	75.5%	26
Q4 2018	$604.6M	51	0	0	0	0	76.0%	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.