DaveManuel.com · Institutional Ownership · 13F Holdings

Crescent Grove Advisors, LLC

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

CIK

1713520

Reported value

$1.2B

Positions

322

Top 10 weight

37.4%

Filed

2026-10-21

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ZURN ELKAY WATER SOLNS CORP	ZWS	$109.1M	2,347,403	9.21%	-0.71pp	20q	HELD
ISHARES TR	IVV	$73.0M	95,340	6.16%	-0.03pp	32q	-3.8%-$2.8M
VANGUARD INDEX FDS	VOO	$61.7M	88,005	5.21%	+0.16pp	18q	HELD
STATE STR SPDR S&P 500 ETF T	SPY	$36.4M	47,588	3.07%	-1.31pp	32q	-0.9%-$331.8K
ISHARES INC	IEMG	$33.1M	408,430	2.80%	+0.15pp	32q	+6.9%+$2.1M
VANGUARD INDEX FDS	VTI	$32.7M	87,488	2.76%	+0.05pp	32q	HELD
INVESCO QQQ TR	QQQ	$27.1M	36,602	2.29%	+0.05pp	29q	+0.9%+$241.4K
APPLE INC	AAPL	$24.6M	73,971	2.08%	+0.30pp	32q	+0.5%+$125.5K
ISHARES TR	IEFA	$22.6M	233,268	1.91%	+0.18pp	32q	+8.7%+$1.8M
CDW CORP	CDW	$22.6M	176,298	1.91%	-0.16pp	32q	HELD
ISHARES TR	IJR	$22.2M	163,283	1.88%	-0.21pp	32q	-2.9%-$656.5K
ISHARES TR	IJH	$21.7M	301,985	1.83%	-0.16pp	32q	-2.5%-$547.4K
ISHARES TR	IWF	$20.2M	161,414	1.71%	+0.02pp	32q	-0.5%-$111.6K
STATE STR SPDR S&P 500 ETF T OPT	SPY	$19.0M	29,700	1.61%	-	new	NEW
ISHARES TR	IUSV	$18.1M	164,317	1.53%	+0.02pp	32q	HELD
ISHARES TR	IEF	$17.4M	194,538	1.47%	-0.04pp	29q	+2.0%+$341.8K
ALLSPRING EXCHANGE TRADED FU	ASCE	$16.0M	488,287	1.35%	+0.37pp	3q	+45.5%+$5.0M
INTERCONTINENTAL EXCHANGE IN	ICE	$15.5M	102,227	1.31%	flat	12q	-19.7%-$3.8M
FIDELITY NATL FINL INC	FNF	$14.3M	370,462	1.21%	-0.25pp	32q	HELD
NCR ATLEOS CORPORATION	NATL	$14.3M	316,651	1.21%	-0.02pp	12q	-6.6%-$1.0M
ISHARES TR	ITOT	$14.3M	85,717	1.20%	+0.10pp	32q	+7.0%+$937.7K
ISHARES TR	SGOV	$13.9M	138,344	1.18%	flat	16q	-1.0%-$138.4K
VANGUARD WHITEHALL FDS	VYM	$13.0M	83,697	1.10%	+0.02pp	32q	+2.2%+$279.2K
SELECT SECTOR SPDR TR	XLE	$12.4M	200,909	1.04%	+0.15pp	32q	HELD
ANGEL OAK FUNDS TRUST	UYLD	$12.2M	239,929	1.03%	+0.03pp	16q	+2.8%+$331.1K
ANGEL OAK FUNDS TRUST	CARY	$12.2M	604,209	1.03%	+0.05pp	16q	+7.5%+$857.7K
SELECT SECTOR SPDR TR	XLF	$10.2M	191,244	0.86%	+0.01pp	32q	HELD
SPDR SERIES TRUST	XBI	$9.6M	60,765	0.81%	-0.03pp	32q	-4.2%-$421.2K
ISHARES TR	HEFA	$9.5M	205,552	0.80%	+0.03pp	5q	+3.4%+$310.7K
SPDR SERIES TRUST	BIL	$9.1M	98,995	0.77%	+0.14pp	23q	+21.2%+$1.6M
iShares Tr	SHV	$8.7M	78,815	0.73%	-0.03pp	23q	-4.4%-$395.6K
ISHARES TR	IWP	$8.4M	60,821	0.71%	-0.04pp	32q	HELD
ISHARES INC	EMXC	$8.4M	84,325	0.71%	+0.03pp	16q	+6.2%+$486.2K
NVIDIA CORPORATION	NVDA	$7.8M	34,243	0.66%	+0.10pp	25q	+1.2%+$94.2K
VANGUARD TAX-MANAGED FDS	VEA	$7.6M	106,950	0.64%	+0.01pp	27q	+0.9%+$64.5K
ISHARES GOLD TR	IAU	$7.5M	96,664	0.64%	+0.03pp	22q	HELD
INVESCO EXCHANGE TRADED FD T	XLG	$7.5M	117,638	0.63%	+0.03pp	26q	HELD
ISHARES TR	IWD	$7.3M	29,450	0.62%	+0.01pp	32q	-1.4%-$103.9K
FIDELITY NATL INFORMATION SV	FIS	$7.3M	220,427	0.61%	-0.19pp	32q	-11.2%-$911.0K
SPDR SERIES TRUST	SPYD	$7.2M	157,883	0.60%	-0.01pp	17q	+2.5%+$175.0K
MICROSOFT CORP	MSFT	$7.0M	13,572	0.59%	+0.16pp	32q	-1.4%-$101.0K
ISHARES TR	IJS	$6.9M	53,888	0.58%	-0.02pp	23q	+2.0%+$138.2K
ISHARES TR	IWM	$6.8M	24,545	0.58%	+0.02pp	32q	+10.4%+$644.2K
ISHARES TR	IXUS	$6.6M	68,984	0.55%	-0.02pp	24q	-4.5%-$306.3K
ISHARES TR	SHY	$5.9M	72,525	0.50%	-0.01pp	18q	-1.1%-$65.0K
ISHARES TR	IBB	$5.8M	27,780	0.49%	+0.04pp	32q	-2.9%-$176.8K
SELECT SECTOR SPDR TR	XLI	$5.8M	34,771	0.49%	-0.05pp	24q	HELD
CARRIER GLOBAL CORPORATION	CARR	$5.7M	104,631	0.48%	-0.16pp	11q	HELD
AGF INVTS TR	BTAL	$5.7M	473,811	0.48%	+0.04pp	3q	HELD
ISHARES INC	DVYE	$5.6M	164,908	0.47%	+0.05pp	17q	+4.2%+$224.8K
ISHARES TR	EFA	$5.5M	53,400	0.47%	+0.01pp	32q	+0.6%+$32.0K
VANGUARD STAR FDS	VXUS	$5.5M	64,374	0.46%	+0.01pp	24q	+1.9%+$99.5K
ARK ETF TR	ARKW	$5.4M	33,938	0.46%	+0.04pp	25q	-2.3%-$128.1K
ISHARES TR	IGSB	$5.1M	98,882	0.43%	-0.01pp	22q	HELD
SPDR INDEX SHS FDS	GNR	$4.9M	66,429	0.41%	+0.04pp	22q	HELD
MANPOWERGROUP INC WIS	MAN	$4.9M	87,975	0.41%	-1.52pp	32q	-87.2%-$33.2M
ADVANCED MICRO DEVICES INC	AMD	$4.8M	7,859	0.41%	+0.02pp	8q	-1.7%-$82.6K
VANECK ETF TRUST	GDX	$4.7M	54,043	0.40%	+0.24pp	7q	+112.6%+$2.5M
AMAZON COM INC	AMZN	$4.6M	18,651	0.39%	-0.02pp	32q	-9.7%-$496.6K
NCR VOYIX CORPORATION	VYX	$4.5M	651,118	0.38%	-0.09pp	32q	-5.0%-$235.2K
ENTERPRISE PRODS PARTNERS L	EPD	$4.4M	124,618	0.37%	+0.21pp	32q	+127.4%+$2.5M
ISHARES TR	IWO	$4.4M	12,407	0.37%	-0.04pp	32q	-1.9%-$86.0K
MICRON TECHNOLOGY INC	MU	$4.4M	4,140	0.37%	+0.01pp	20q	+10.0%+$401.6K
BERKSHIRE HATHAWAY INC DEL	BRKB	$4.4M	8,832	0.37%	flat	32q	HELD
ISHARES TR	IDV	$4.4M	103,475	0.37%	+0.02pp	30q	+2.5%+$104.8K
WHEATON PRECIOUS METALS CORP	WPM	$4.1M	30,533	0.34%	+0.01pp	4q	-14.8%-$708.4K
FISERV INC	FISV	$4.1M	89,789	0.34%	-0.13pp	4q	-22.5%-$1.2M
AGNICO EAGLE MINES LTD	AEM	$3.8M	20,840	0.32%	-0.01pp	6q	-19.9%-$950.8K
FRANCO NEV CORP	FNV	$3.7M	15,584	0.31%	+0.03pp	4q	-4.7%-$183.6K
PAN AMERN SILVER CORP	PAAS	$3.6M	78,774	0.30%	-0.01pp	6q	-5.2%-$195.1K
GLOBAL SHIP LEASE INC	GSL	$3.5M	80,064	0.30%	+0.07pp	9q	+8.2%+$267.9K
SPDR GOLD TR	GLD	$3.5M	9,168	0.29%	flat	27q	-2.9%-$103.2K
ISHARES TR	QUAL	$3.5M	15,710	0.29%	flat	19q	-3.6%-$129.3K
ALLIANCE RESOURCE PARTNERS L	ARLP	$3.5M	142,141	0.29%	+0.07pp	13q	+27.8%+$752.1K
NEWMONT CORP	NEM	$3.4M	29,764	0.29%	-0.01pp	6q	-21.8%-$955.6K
TESLA INC	TSLA	$3.2M	9,112	0.27%	-0.04pp	28q	+3.0%+$93.3K
ENERGY TRANSFER L P	ET	$3.1M	158,365	0.26%	+0.05pp	32q	+15.7%+$424.8K
ISHARES INC	EUSA	$3.1M	27,979	0.26%	+0.12pp	8q	+85.3%+$1.4M
ISHARES TR	DVY	$3.1M	20,400	0.26%	flat	32q	+1.6%+$47.9K
INVESCO EXCHANGE TRADED FD T	RSP	$3.1M	14,759	0.26%	+0.01pp	8q	+4.6%+$136.0K
CANNAE HLDGS INC	CNNE	$3.0M	195,819	0.25%	+0.02pp	32q	HELD
FIRST TR EXCHANGE TRADED FD	CIBR	$2.9M	28,050	0.24%	+0.03pp	20q	HELD
ISHARES TR	IWR	$2.9M	26,977	0.24%	+0.01pp	32q	+7.9%+$210.3K
CULLEN FROST BANKERS INC	CFR	$2.8M	18,308	0.24%	-0.05pp	3q	-18.5%-$635.1K
MPLX LP	MPLX	$2.7M	48,487	0.23%	+0.02pp	23q	+6.8%+$174.2K
SUNOCO LP/SUNOCO FIN CORP	SUN	$2.7M	36,864	0.23%	-0.01pp	3q	-12.0%-$365.8K
ALPHABET INC	GOOGL	$2.6M	7,678	0.22%	+0.05pp	17q	+29.8%+$606.3K
ARK ETF TR	ARKK	$2.5M	28,396	0.21%	+0.01pp	25q	-4.2%-$111.6K
VANGUARD INDEX FDS	VUG	$2.4M	27,179	0.21%	+0.09pp	25q	+69.1%+$1.0M
INVESCO EXCH TRADED FD TR II	QQQM	$2.4M	7,795	0.20%	flat	12q	HELD
SPDR SERIES TRUST	SPMD	$2.3M	36,132	0.19%	-0.01pp	18q	+1.3%+$28.6K
VANGUARD SPECIALIZED FUNDS	VIG	$2.2M	9,493	0.19%	flat	32q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$2.2M	37,154	0.19%	flat	26q	-1.5%-$33.6K
SHERWIN WILLIAMS CO	SHW	$2.2M	6,809	0.19%	-0.02pp	32q	-5.4%-$125.8K
FIRST MAJESTIC SILVER CORP	AG	$2.1M	119,850	0.18%	-	new	NEW
WISDOMTREE TR	DTH	$2.1M	37,800	0.18%	+0.01pp	15q	HELD
ABBVIE INC	ABBV	$2.1M	7,967	0.18%	+0.07pp	32q	+62.4%+$800.7K
VANGUARD WORLD FD	MGK	$2.0M	21,922	0.17%	+0.01pp	20q	HELD
EXXONMOBIL HOLDINGS CORP	XOM	$2.0M	12,289	0.17%	-	new	NEW
SPDR SERIES TRUST	SPSM	$1.9M	35,980	0.16%	-0.01pp	18q	-1.2%-$22.3K
GLOBAL X FDS	COPX	$1.9M	22,406	0.16%	-0.03pp	3q	-22.8%-$561.7K
GLOBAL X FDS	SIL	$1.9M	21,890	0.16%	-0.19pp	5q	-59.1%-$2.7M
ABBOTT LABORATORIES	ABT	$1.8M	18,641	0.16%	+0.13pp	14q	+377.6%+$1.5M
IRON MTN INC DEL	IRM	$1.8M	16,352	0.15%	-0.02pp	12q	HELD
PROCTER & GAMBLE CO	PG	$1.8M	12,317	0.15%	flat	32q	HELD
BANC OF CALIFORNIA INC	BANC	$1.8M	102,275	0.15%	-0.03pp	12q	HELD
SPACE EXPLORATION TECHN CORP	SPCX	$1.8M	11,653	0.15%	-	new	NEW
ARK ETF TR	ARKG	$1.7M	32,213	0.15%	+0.03pp	25q	-6.7%-$124.4K
ALPHABET INC	GOOG	$1.7M	5,069	0.15%	-0.06pp	31q	-27.3%-$650.1K
ISHARES TR	IHAK	$1.7M	25,320	0.14%	flat	24q	-9.7%-$183.2K
DIREXION SHARES ETF TRUST	TECL	$1.7M	7,318	0.14%	-0.01pp	10q	-7.6%-$140.8K
NORTHERN TR CORP	NTRS	$1.6M	9,625	0.14%	-0.01pp	20q	-6.1%-$106.9K
ISHARES TR	IJJ	$1.6M	11,806	0.14%	-0.01pp	32q	HELD
ISHARES TR	EEM	$1.6M	23,937	0.13%	+0.02pp	32q	+23.8%+$307.5K
ISHARES TR	IGM	$1.5M	8,940	0.13%	-0.04pp	23q	-26.4%-$540.9K
ARK ETF TR	ARKQ	$1.5M	12,117	0.12%	-0.01pp	25q	-1.5%-$22.7K
SELECT SECTOR SPDR TR	XLP	$1.5M	18,109	0.12%	-0.01pp	32q	-2.8%-$41.9K
F&G ANNUITIES & LIFE INC	FG	$1.5M	67,297	0.12%	-0.02pp	16q	+1.5%+$21.9K
VANGUARD INDEX FDS	VTV	$1.4M	6,661	0.12%	flat	22q	HELD
INVESCO EXCH TRADED FD TR II	SPHD	$1.4M	29,316	0.12%	flat	19q	+1.1%+$15.1K
ISHARES TR	ITA	$1.4M	6,794	0.12%	-0.01pp	15q	+2.9%+$39.8K
ASSOCIATED BANC CORP	ASB	$1.4M	49,009	0.12%	-0.22pp	32q	-62.9%-$2.4M
DIMENSIONAL ETF TRUST	DFAI	$1.4M	33,521	0.12%	+0.02pp	8q	+13.2%+$162.3K
ISHARES TR	IGIB	$1.4M	26,935	0.11%	-0.01pp	2q	HELD
ISHARES TR	IVW	$1.4M	9,532	0.11%	flat	31q	-5.7%-$82.2K
ISHARES TR	IWV	$1.3M	3,119	0.11%	flat	10q	-2.4%-$32.8K
ISHARES TR	IVE	$1.3M	5,849	0.11%	flat	22q	-4.7%-$66.4K
AMPLIFY ETF TR	HACK	$1.3M	10,686	0.11%	+0.01pp	11q	-1.9%-$24.7K
ISHARES TR	IWN	$1.3M	6,084	0.11%	flat	23q	+4.3%+$52.2K
BLACKSTONE INC	BX	$1.2M	10,550	0.10%	flat	25q	HELD
VANGUARD WORLD FD	MGV	$1.1M	7,056	0.10%	flat	20q	HELD
ISHARES TR	TLT	$1.1M	14,023	0.09%	+0.01pp	2q	+21.3%+$191.5K
GOLDMAN SACHS ETF TR	GSLC	$1.1M	7,251	0.09%	+0.02pp	12q	+17.3%+$155.5K
ROCKWELL AUTOMATION INC	ROK	$1.0M	2,402	0.09%	+0.06pp	6q	+322.9%+$798.6K
Rio Tinto PLC	RIO	$1.0M	11,011	0.09%	-0.11pp	6q	-54.9%-$1.3M
KOHLS CORP	KSS	$1.0M	56,000	0.09%	flat	12q	-3.8%-$40.3K
ISHARES TR	ACWX	$1.0M	13,609	0.09%	+0.03pp	14q	+50.9%+$347.0K
INVESCO EXCHANGE TRADED FD T	SPHQ	$1.0M	12,035	0.09%	-0.01pp	17q	HELD
FREEPORT-MCMORAN INC	FCX	$997.1K	14,244	0.08%	+0.04pp	4q	+85.6%+$459.8K
SYSTEM1 INC CL A COM	SST	$987.1K	376,737	0.08%	+0.07pp	2q	+398.7%+$789.1K
PHILIP MORRIS INTL INC	PM	$980.2K	5,137	0.08%	flat	31q	HELD
FIRST BUSEY CORP	BUSE	$969.0K	33,264	0.08%	flat	32q	HELD
ISHARES TR	XT	$953.5K	11,433	0.08%	-0.01pp	25q	-13.2%-$145.1K
ISHARES TR	EFAV	$936.0K	10,272	0.08%	-	new	NEW
ISHARES TR	IWS	$934.5K	5,814	0.08%	flat	24q	HELD
CHEVRON CORPORATION	CVX	$915.7K	4,484	0.08%	+0.02pp	32q	+6.8%+$58.0K
WEAVE COMMUNICATIONS INC	WEAV	$894.3K	121,179	0.08%	+0.01pp	14q	HELD
ISHARES TR	ISCG	$877.1K	14,337	0.07%	flat	23q	HELD
COSTCO WHOLESALE CORPORATION	COST	$863.5K	949	0.07%	-0.01pp	32q	-10.0%-$95.5K
INTEL CORP	INTC	$863.3K	7,180	0.07%	-0.01pp	5q	+3.0%+$25.2K
SCHWAB STRATEGIC TR	SCHG	$823.6K	22,922	0.07%	flat	12q	HELD
JPMORGAN CHASE & CO	JPM	$818.4K	2,474	0.07%	-0.03pp	32q	-34.3%-$426.4K
GE VERNOVA INC	GEV	$798.8K	840	0.07%	+0.01pp	7q	+46.9%+$254.9K
SIRIUSXM HOLDINGS INC	SIRI	$792.1K	30,606	0.07%	-0.01pp	3q	HELD
JOHNSON & JOHNSON	JNJ	$769.3K	2,906	0.06%	flat	32q	HELD
ISHARES TR	IJK	$765.4K	6,983	0.06%	-0.01pp	32q	-3.7%-$29.8K
META PLATFORMS INC	META	$763.6K	1,053	0.06%	+0.01pp	14q	-6.8%-$55.8K
ISHARES TR	MUB	$757.1K	7,488	0.06%	-	new	NEW
BERKSHIRE HATHAWAY INC DEL	BRKA	$747.0K	1	0.06%	flat	31q	HELD
SERVICENOW INC	NOW	$740.0K	5,522	0.06%	+0.03pp	2q	+50.6%+$248.6K
ELEVATION SERIES TRUST	RNMN	$726.5K	27,855	0.06%	flat	6q	HELD
EATON CORP PLC	ETN	$722.8K	1,682	0.06%	flat	20q	HELD
AT&T INC	T	$704.7K	28,882	0.06%	+0.04pp	9q	+117.1%+$380.1K
INGERSOLL RAND INC	IR	$702.1K	9,348	0.06%	-0.01pp	4q	-12.5%-$100.0K
RBB FD INC	OBIL	$700.0K	14,055	0.06%	flat	5q	HELD
ABRDN ETFS	BCD	$698.8K	18,164	0.06%	+0.01pp	9q	+11.0%+$69.0K
LANTHEUS HLDGS INC	LNTH	$687.5K	6,907	0.06%	-0.08pp	22q	-53.7%-$796.3K
VANGUARD INDEX FDS	VB	$685.1K	2,408	0.06%	flat	6q	+2.4%+$15.9K
ALKAMI TECHNOLOGY INC	ALKT	$684.5K	50,000	0.06%	-0.02pp	4q	HELD
ISHARES SILVER TR	SLV	$678.5K	12,447	0.06%	-0.15pp	5q	-73.8%-$1.9M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$675.5K	1,477	0.06%	+0.03pp	9q	+104.9%+$345.7K
SCHWAB STRATEGIC TR	FNDF	$658.7K	12,256	0.06%	+0.04pp	4q	+173.1%+$417.5K
HECLA MINING COMPANY	HL	$654.5K	38,430	0.06%	-	new	NEW
QUAD / GRAPHICS INC	QUAD	$653.7K	70,825	0.06%	flat	30q	-14.7%-$112.3K
BANK OF MONTREAL	BMO	$642.1K	3,839	0.05%	flat	32q	HELD
J P MORGAN EXCHANGE TRADED F	JEPI	$635.9K	11,311	0.05%	+0.02pp	14q	+40.6%+$183.7K
ISHARES TR	IWB	$628.8K	1,511	0.05%	flat	14q	HELD
INTERNATIONAL BUSINESS MACHS	IBM	$619.1K	2,815	0.05%	-0.01pp	31q	-0.6%-$3.7K
ISHARES TR	IYW	$601.9K	2,272	0.05%	flat	12q	HELD
GOLDMAN SACHS GROUP INC	GS	$590.4K	656	0.05%	-0.01pp	9q	-0.6%-$3.6K
DBX ETF TR	HDEF	$583.7K	18,043	0.05%	flat	16q	HELD
UNITED PARCEL SVCS INC	UPS	$579.6K	6,203	0.05%	-0.01pp	10q	-0.7%-$3.9K
GENIUS SPORTS LIMITED	GENI	$553.7K	96,629	0.05%	flat	3q	-1.0%-$5.7K
FIDELITY COVINGTON TRUST	FDVV	$552.6K	9,100	0.05%	flat	12q	-0.9%-$4.8K
COMMERCIAL METALS CO	CMC	$552.4K	8,896	0.05%	flat	7q	HELD
TREKOR METALS LTD	TGB	$547.4K	61,440	0.05%	-	new	NEW
SOUTHERN COPPER CORP	SCCO	$541.0K	2,670	0.05%	-	new	NEW
MANULIFE FINL CORP	MFC	$538.3K	12,640	0.05%	flat	18q	+0.6%+$3.2K
COCA COLA CO	KO	$535.2K	6,179	0.05%	flat	22q	HELD
VANGUARD INDEX FDS	VXF	$534.6K	2,308	0.05%	flat	20q	HELD
VANGUARD INTL EQUITY INDEX F	VGK	$532.9K	6,139	0.04%	flat	32q	-4.3%-$24.2K
BHP BILLITON LIMITED	BHP	$505.3K	5,956	0.04%	-	new	NEW
SCHWAB STRATEGIC TR	SCHD	$503.0K	15,461	0.04%	flat	23q	HELD
BOOKING HOLDINGS INC	BKNG	$500.9K	3,075	0.04%	flat	20q	HELD
SPDR SERIES TRUST	MDYV	$498.8K	5,636	0.04%	flat	17q	HELD
VERTIV HOLDINGS CO	VRT	$494.9K	2,051	0.04%	+0.01pp	5q	+80.5%+$220.8K
SPDR SERIES TRUST	JNK	$492.3K	5,308	0.04%	flat	15q	HELD
CONSTELLATION ENERGY CORP	CEG	$486.4K	1,915	0.04%	-	new	NEW
BOEING CO	BA	$473.9K	2,547	0.04%	flat	32q	+25.0%+$94.9K
SHELL PLC	SHEL	$472.8K	4,974	0.04%	+0.01pp	6q	+6.1%+$27.3K
ISHARES TR	ISVL	$469.6K	8,730	0.04%	+0.01pp	5q	+18.7%+$74.0K
SPDR SERIES TRUST	KRE	$462.4K	6,659	0.04%	flat	32q	HELD
VERSAMET ROYALTIES CORP	VMET	$462.2K	52,525	0.04%	-	new	NEW
SELECT SECTOR SPDR TR	XLK	$457.3K	2,336	0.04%	flat	6q	HELD
VISA INC	V	$456.1K	1,269	0.04%	flat	16q	HELD
NORTHERN LTS FD TR II	ESN	$455.6K	22,470	0.04%	-	new	NEW
ISHARES TR	EFV	$444.9K	5,622	0.04%	flat	12q	HELD
VANGUARD INDEX FDS	VV	$438.4K	1,246	0.04%	flat	32q	HELD
UNITEDHEALTH GROUP INC	UNH	$437.5K	1,192	0.04%	flat	22q	HELD
AMCOR PLC	AMCR	$437.3K	10,446	0.04%	-	new	NEW
PLAINS ALL AMERN PIPELINE L	PAA	$428.6K	18,071	0.04%	flat	17q	HELD
ISHARES TR	IJT	$427.9K	2,669	0.04%	flat	16q	HELD
DEVON ENERGY CORP NEW	DVN	$408.2K	8,867	0.03%	-	new	NEW
EVERFORTH INC	EFOR	$408.0K	12,400	0.03%	-	new	NEW
VALERO ENERGY CORP	VLO	$402.3K	1,038	0.03%	flat	2q	-35.6%-$222.9K
3M CO	MMM	$401.3K	2,445	0.03%	flat	32q	HELD
NXP SEMICONDUCTORS N V	NXPI	$394.8K	1,655	0.03%	-0.01pp	15q	HELD
MARATHON PETE CORP	MPC	$394.6K	998	0.03%	flat	2q	-29.5%-$164.9K
TALEN ENERGY CORP	TLN	$392.4K	1,255	0.03%	+0.01pp	7q	+80.1%+$174.5K
ISHARES TR	IUSG	$389.5K	2,010	0.03%	flat	20q	-4.8%-$19.8K
ROBERT HALF INC.	RHI	$387.7K	10,550	0.03%	-0.02pp	3q	-44.6%-$312.4K
SPDR SERIES TRUST	XME	$387.1K	3,738	0.03%	+0.01pp	4q	+42.1%+$114.7K
CAMECO CORP	CCJ	$385.7K	4,450	0.03%	-	new	NEW
ISHARES TR	SCZ	$385.6K	4,568	0.03%	flat	12q	HELD
CINTAS CORP	CTAS	$385.4K	1,976	0.03%	flat	21q	HELD
MASCO CORP	MAS	$384.2K	5,700	0.03%	-0.01pp	21q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$383.1K	3,920	0.03%	-0.01pp	24q	-28.8%-$154.8K
UBER TECHNOLOGIES INC	UBER	$379.5K	5,539	0.03%	+0.01pp	6q	+32.2%+$92.5K
CISCO SYS INC	CSCO	$378.4K	3,516	0.03%	flat	32q	HELD
VANGUARD INDEX FDS	VBK	$376.8K	1,115	0.03%	flat	12q	HELD
VISTRA CORP	VST	$372.0K	2,689	0.03%	-	new	NEW
WALMART INC	WMT	$363.5K	3,498	0.03%	flat	10q	HELD
ISHARES TR	IHF	$361.8K	6,591	0.03%	flat	22q	HELD
ISHARES TR	AAXJ	$351.8K	3,021	0.03%	flat	12q	HELD
SCHWAB STRATEGIC TR	SCHB	$351.7K	12,000	0.03%	flat	12q	HELD
THORNBURG ETF TR	TXUE	$351.0K	10,110	0.03%	-	new	NEW
MARVELL TECHNOLOGY INC	MRVL	$350.0K	1,325	0.03%	flat	2q	HELD
SPDR SERIES TRUST	XAR	$348.6K	1,507	0.03%	-0.01pp	6q	-6.5%-$24.1K
PROFOUND MED CORP	PROF	$348.2K	60,038	0.03%	-	new	NEW
DIMENSIONAL ETF TRUST	DFEV	$344.2K	8,118	0.03%	-	new	NEW
UNILEVER PLC	UL	$342.0K	5,631	0.03%	flat	4q	+0.6%+$2.1K
HOME DEPOT INC	HD	$341.2K	1,199	0.03%	-0.01pp	27q	-2.0%-$6.8K
ARCH CAP GROUP LTD	ACGL	$331.6K	3,590	0.03%	flat	20q	HELD
SELECT SECTOR SPDR TR	XLB	$331.5K	6,807	0.03%	flat	9q	HELD
TRANSDIGM GROUP INC	TDG	$331.3K	306	0.03%	-0.01pp	29q	-1.6%-$5.4K
Allspring Core Plus Etf	APLU	$329.0K	14,121	0.03%	flat	3q	-2.3%-$7.8K
PAYSAFE LIMITED	PSFE	$327.6K	58,190	0.03%	-0.01pp	16q	HELD
SPDR INDEX SHS FDS	EDIV	$327.5K	8,155	0.03%	flat	16q	HELD
ARK ETF TR	PRNT	$322.2K	12,990	0.03%	flat	24q	-6.6%-$22.8K
NUVEEN ESG DIVIDEND ETF	NUDV	$319.7K	10,000	0.03%	-	new	NEW
VERIZON COMMUNICATIONS INC	VZ	$319.3K	6,962	0.03%	flat	29q	+5.1%+$15.5K
BLACKROCK INC	BLK	$317.5K	300	0.03%	flat	8q	HELD
ISHARES TR	IWC	$317.1K	1,716	0.03%	flat	23q	HELD
CVS HEALTH CORP	CVS	$315.0K	3,676	0.03%	-0.01pp	14q	HELD
ISHARES TR	IGRO	$312.1K	3,516	0.03%	flat	16q	HELD
INVESCO EXCHANGE TRADED FD T	GRPM	$311.6K	2,300	0.03%	flat	11q	HELD
CROWDSTRIKE HLDGS INC	CRWD	$307.1K	1,160	0.03%	+0.01pp	2q	-1.7%-$5.3K
RUSH STREET INTERACTIVE INC	RSI	$304.9K	15,000	0.03%	-0.01pp	3q	HELD
SCHWAB STRATEGIC TR	SCHA	$302.3K	9,264	0.03%	flat	17q	-4.7%-$14.7K
BP PLC	BP	$294.7K	6,700	0.02%	+0.01pp	5q	+7.2%+$19.8K
VANECK ETF TRUST	REMX	$293.7K	4,571	0.02%	-0.02pp	5q	-18.1%-$64.9K
CHENIERE ENERGY INC	LNG	$291.1K	1,082	0.02%	-	new	NEW
TJX COS INC NEW	TJX	$286.1K	2,162	0.02%	flat	16q	-1.3%-$3.8K
DRAFTKINGS INC NEW	DKNG	$285.4K	15,022	0.02%	-0.01pp	18q	HELD
ISHARES TR	PFF	$284.6K	9,646	0.02%	flat	14q	HELD
BOSTON SCIENTIFIC CORP	BSX	$283.7K	6,500	0.02%	-	new	NEW
SPDR SERIES TRUST	KBE	$282.2K	4,463	0.02%	flat	12q	HELD
ISHARES TR	OEF	$280.4K	734	0.02%	flat	6q	HELD
DIMENSIONAL ETF TRUST	DFAT	$275.3K	4,144	0.02%	flat	3q	HELD
AMGEN INC	AMGN	$272.7K	647	0.02%	flat	32q	HELD
VANGUARD WHITEHALL FDS	VIGI	$269.1K	2,850	0.02%	flat	15q	HELD
CARECLOUD INC COM	CCLD	$266.8K	130,769	0.02%	flat	7q	HELD
ISHARES BITCOIN TRUST ETF	IBIT	$266.5K	5,630	0.02%	+0.01pp	3q	-7.2%-$20.8K
MCDONALDS CORP	MCD	$265.9K	1,151	0.02%	flat	23q	+46.1%+$83.9K
SELECT SECTOR SPDR TR	XLRE	$263.5K	6,442	0.02%	flat	32q	HELD
BANK NOVA SCOTIA B C	BNS	$263.4K	2,900	0.02%	flat	4q	HELD
SPDR SERIES TRUST	SPYM	$262.9K	2,929	0.02%	flat	6q	HELD
SCHWAB STRATEGIC TR	FNDE	$261.5K	6,245	0.02%	flat	6q	HELD
DIMENSIONAL ETF TRUST	DFAE	$259.1K	6,591	0.02%	flat	3q	+4.8%+$11.8K
BANK OF AMER CORP	BACPRL	$258.8K	212	0.02%	flat	12q	HELD
DIMENSIONAL ETF TRUST	DFUV	$257.5K	4,682	0.02%	flat	3q	HELD
GE AEROSPACE	GE	$256.9K	823	0.02%	-	new	NEW
PROSHARES TR	NOBL	$256.9K	4,748	0.02%	-0.02pp	17q	-48.1%-$238.0K
FIRST TR EXCHANGE-TRADED ALP	FNX	$251.8K	1,867	0.02%	-	new	NEW
INVESCO EXCHANGE TRADED FD T	RSPG	$251.1K	2,337	0.02%	flat	3q	HELD
HEARTFLOW INC	HTFL	$248.8K	5,000	0.02%	-	new	NEW
RBB FD INC	UTWO	$247.8K	5,235	0.02%	-	new	NEW
SELECT SECTOR SPDR TR	XLV	$246.6K	1,464	0.02%	flat	11q	+1.6%+$3.9K
RTX CORPORATION	RTX	$244.3K	1,316	0.02%	-	new	NEW
MODERNA INC	MRNA	$243.4K	1,264	0.02%	-	new	NEW
PIMCO ETF TR	PYLD	$241.9K	9,528	0.02%	-	new	NEW
EA SERIES TRUST	CAOS	$239.3K	2,643	0.02%	-	new	NEW
EMERSON ELEC CO	EMR	$235.9K	1,521	0.02%	flat	2q	HELD
PEPSICO INC	PEP	$235.1K	1,855	0.02%	-	new	NEW
VANGUARD WORLD FD	VIS	$229.8K	717	0.02%	flat	6q	HELD
SANDISK CORP	SNDK	$226.2K	130	0.02%	-0.01pp	2q	-18.8%-$52.2K
BROADCOM INC	AVGO	$225.5K	642	0.02%	flat	8q	+3.7%+$8.1K
nan	MELI	$221.3K	128	0.02%	flat	10q	-0.8%-$1.7K
SPDR SERIES TRUST	SDY	$219.7K	1,500	0.02%	flat	20q	HELD
FIDELITY WISE ORIGIN BITCOIN	FBTC	$217.9K	3,000	0.02%	-	new	NEW
ARTISAN PARTNERS ASSET MGMT	APAM	$216.7K	6,000	0.02%	flat	17q	HELD
ISHARES TR	ARTY	$216.6K	2,765	0.02%	flat	2q	HELD
EQT Corp	EQT	$215.8K	4,445	0.02%	-	new	NEW
CAPITAL GROUP INTL FOCUS EQT	CGXU	$215.4K	6,282	0.02%	-	new	NEW
BANK OF AMER CORP	BAC	$214.6K	3,943	0.02%	-	new	NEW
STATE STR SPDR S&P MIDCAP 40	MDY	$214.0K	325	0.02%	flat	3q	HELD
VANGUARD INDEX FDS	VBR	$213.9K	926	0.02%	flat	3q	HELD
ISHARES TR	IYG	$213.9K	2,379	0.02%	flat	2q	HELD
SCHWAB STRATEGIC TR	FNDX	$212.7K	6,759	0.02%	-	new	NEW
DONNELLEY FINL SOLUTIONS INC	DFIN	$212.4K	4,501	0.02%	-	new	NEW
ALLSTATE CORP	ALL	$210.9K	946	0.02%	flat	2q	HELD
COINBASE GLOBAL INC	COIN	$209.7K	1,125	0.02%	-	new	NEW
VANGUARD INDEX FDS	VO	$206.7K	2,636	0.02%	-	new	NEW
PERMIAN RESOURCES CORP	PR	$205.4K	9,727	0.02%	-	new	NEW
ROPER TECHNOLOGIES INC	ROP	$202.3K	579	0.02%	-	new	NEW
EDWARDS LIFESCIENCES CORP	EW	$201.9K	2,339	0.02%	flat	2q	HELD
MATADOR RES CO	MTDR	$201.1K	3,899	0.02%	-	new	NEW
KELLY SVCS INC	KELYA	$162.1K	10,000	0.01%	flat	3q	HELD
Xtant Medical Holdings, Inc.	XTNT	$146.3K	412,024	0.01%	flat	20q	HELD
DAXOR CORP COM	DXR	$139.8K	12,423	0.01%	flat	3q	HELD
BLACKROCK CR ALLOCATION	BTZ	$125.7K	13,500	0.01%	flat	14q	HELD
Snap, Inc.	SNAP	$60.9K	11,271	0.01%	flat	2q	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
Industrials	$117.1M	9.9%
Funds & ETFs	$55.9M	4.7%
Computer Hardware	$44.6M	3.8%
Retail & Consumer	$36.0M	3.0%
Capital Markets	$30.4M	2.6%
Mining & Metals	$29.4M	2.5%
Insurance	$22.4M	1.9%
Semiconductors & Electronics	$21.3M	1.8%
Business Services	$18.8M	1.6%
Software & IT Services	$17.8M	1.5%
Other sectors	$59.0M	5.0%
Not classified	$732.0M	61.8%

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	+0.6%	+2.1%	-1.6%	99%
Q2 2026	+9.6%	+14.8%	-5.2%	97%
Q1 2026	-2.2%	-4.6%	+2.4%	100%
Q4 2025	+0.6%	+2.4%	-1.7%	100%
Q3 2025	+7.6%	+7.8%	-0.2%	94%
Q2 2025	+6.9%	+10.5%	-3.5%	100%
Q1 2025	-5.6%	-4.6%	-1.1%	100%
Q4 2024	+0.5%	+2.1%	-1.7%	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	322	44	76	86	19	37.4%	21
Q2 2026	$1.2B	297	24	94	81	27	39.3%	41
Q1 2026	$1.0B	300	36	77	76	33	36.3%	36
Q4 2025	$1.1B	297	25	75	90	21	38.4%	42
Q3 2025	$1.1B	293	24	75	65	18	39.8%	44
Q2 2025	$1.0B	287	37	74	70	13	40.9%	44
Q1 2025	$959.8M	263	14	73	80	28	41.3%	24
Q4 2024	$1.0B	277	22	83	62	21	42.0%	21
Q3 2024	$980.3M	276	19	55	84	19	43.2%	30
Q2 2024	$912.7M	276	20	64	93	44	42.1%	22
Q1 2024	$959.1M	300	25	82	82	9	42.9%	29
Q4 2023	$896.9M	284	31	56	96	18	42.9%	30
Q3 2023	$802.7M	271	20	77	82	39	45.2%	25
Q2 2023	$931.7M	290	29	61	94	20	45.6%	13
Q1 2023	$861.6M	281	26	78	82	19	46.1%	33
Q4 2022	$961.7M	274	32	92	79	16	49.1%	12
Q3 2022	$865.5M	258	23	69	64	23	53.6%	39
Q2 2022	$949.9M	258	14	79	80	48	56.8%	20
Q1 2022	$1.0B	292	26	96	76	25	53.5%	34
Q4 2021	$1.1B	291	46	91	64	23	52.4%	24
Q3 2021	$941.3M	268	37	85	46	31	53.6%	26
Q2 2021	$951.0M	262	63	78	47	11	53.4%	26
Q1 2021	$853.5M	210	34	81	32	7	56.1%	37
Q4 2020	$765.3M	183	21	57	40	7	58.2%	32
Q3 2020	$501.7M	169	25	37	35	8	53.9%	37
Q2 2020	$473.1M	152	24	35	38	16	57.4%	34
Q1 2020	$449.7M	144	14	51	37	31	62.3%	27
Q4 2019	$576.3M	161	17	40	41	12	58.7%	34
Q3 2019	$521.4M	156	9	41	37	13	60.0%	31
Q2 2019	$530.7M	160	12	48	43	4	62.3%	37
Q1 2019	$487.7M	152	17	38	45	22	62.4%	43
Q4 2018	$469.1M	157	0	0	0	0	56.3%	29

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.