DaveManuel.com · Institutional Ownership · 13F Holdings

Columbus Macro, LLC

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

CIK

1727269

Reported value

$1.0B

Positions

208

Top 10 weight

17.6%

Filed

2026-10-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IDEV	$21.7M	242,532	2.11%	+0.01pp	32q	HELD
GLOBAL X FDS	PFFV	$21.0M	961,575	2.04%	-	new	NEW
ISHARES TR	IVV	$19.6M	25,578	1.90%	+0.04pp	22q	HELD
J P MORGAN EXCHANGE TRADED F	JEPI	$18.8M	335,079	1.83%	+0.11pp	19q	+7.0%+$1.2M
VANGUARD WHITEHALL FDS	VWOB	$18.3M	289,675	1.78%	-0.03pp	19q	+5.0%+$871.9K
ONEOK INC NEW	OKE	$17.3M	203,068	1.68%	-	new	NEW
ISHARES TR	LQDW	$16.3M	715,502	1.58%	-	new	NEW
KINDER MORGAN INC DEL	KMI	$16.2M	536,819	1.57%	-0.07pp	8q	+1.8%+$284.5K
ANTERO MIDSTREAM CORP	AM	$16.2M	801,445	1.57%	-0.09pp	8q	+6.8%+$1.0M
ISHARES INC	IEMG	$16.1M	198,371	1.57%	-0.05pp	32q	-1.0%-$168.0K
DBX ETF TR	HYDW	$15.9M	347,897	1.54%	-0.31pp	18q	-14.4%-$2.7M
BROADSTONE NET LEASE INC	BNL	$15.5M	836,598	1.50%	-0.10pp	8q	+5.0%+$733.7K
ABRDN ETFS	BCD	$15.1M	391,327	1.46%	+0.21pp	8q	+3.7%+$543.9K
SCHWAB STRATEGIC TR	SCHZ	$14.3M	646,876	1.39%	-0.02pp	12q	+3.2%+$442.6K
DBX ETF TR	HDEF	$13.1M	404,273	1.27%	+0.01pp	18q	HELD
WILLIAMS COS INC	WMB	$12.5M	184,141	1.22%	-0.04pp	8q	+6.2%+$732.9K
OMEGA HEALTHCARE INVS INC	OHI	$12.2M	263,660	1.19%	+0.04pp	7q	+6.5%+$748.2K
APPLE INC	AAPL	$11.9M	35,699	1.16%	+0.14pp	32q	-1.2%-$144.5K
VANGUARD INTL EQUITY INDEX F	VSS	$11.8M	75,821	1.14%	flat	32q	HELD
ANNALY CAPITAL MANAGEMENT IN	NLY	$11.5M	607,136	1.12%	-0.13pp	8q	+6.2%+$673.1K
PARKER HANNIFIN CORP	PH	$11.2M	11,699	1.09%	-0.01pp	18q	+1.2%+$135.7K
NUCOR CORP	NUE	$11.1M	47,333	1.08%	+0.05pp	25q	HELD
ARES CAPITAL CORP	ARCC	$11.0M	576,520	1.07%	+0.09pp	8q	+6.1%+$633.0K
QUALCOMM INC	QCOM	$10.9M	59,482	1.06%	-0.06pp	27q	-5.0%-$575.9K
JOHNSON & JOHNSON	JNJ	$10.8M	40,953	1.05%	+0.17pp	32q	+14.2%+$1.3M
SCHWAB STRATEGIC TR	SCHJ	$10.4M	430,664	1.01%	+0.01pp	12q	+2.9%+$294.1K
ISHARES TR	STIP	$10.3M	103,464	1.00%	flat	17q	+2.0%+$204.9K
COLGATE PALMOLIVE CO	CL	$10.2M	119,407	0.99%	-0.06pp	4q	+1.5%+$149.8K
VANGUARD INDEX FDS	VOO	$10.2M	14,534	0.99%	+0.02pp	32q	HELD
PUBLIC STORAGE	PSA	$10.2M	35,919	0.99%	-0.06pp	32q	+6.3%+$598.8K
KLA CORP	KLAC	$10.1M	51,710	0.98%	-0.61pp	16q	-4.5%-$478.2K
MILLROSE PPTYS INC	MRP	$9.9M	382,625	0.97%	+0.12pp	2q	+32.0%+$2.4M
GRANITESHARES GOLD TR	BAR	$9.9M	242,424	0.96%	flat	32q	-3.0%-$309.9K
ISHARES TR	AGG	$9.9M	104,250	0.96%	+0.05pp	32q	+10.9%+$970.8K
CARDINAL HEALTH INC	CAH	$9.8M	44,074	0.95%	+0.04pp	25q	+11.7%+$1.0M
SPDR SERIES TRUST	SPIB	$9.8M	303,744	0.95%	+0.16pp	18q	+24.0%+$1.9M
ALTRIA GROUP INC	MO	$9.7M	143,420	0.94%	-0.05pp	2q	+1.0%+$96.4K
ENBRIDGE INC	ENB	$9.6M	206,609	0.94%	-0.96pp	12q	-42.6%-$7.1M
BROADCOM INC	AVGO	$9.6M	27,197	0.93%	-0.17pp	18q	-8.8%-$926.4K
BLACKSTONE SECD LENDING FD	BXSL	$9.4M	392,258	0.91%	+0.06pp	8q	+5.4%+$478.9K
MID-AMER APT CMNTYS INC	MAA	$9.3M	78,899	0.90%	-0.10pp	12q	+5.7%+$505.1K
CAPITAL SOUTHWEST CORP	CSWC	$9.2M	398,048	0.90%	+0.03pp	6q	+6.2%+$536.1K
MICROSOFT CORP	MSFT	$8.9M	17,337	0.86%	+0.24pp	18q	+0.5%+$47.2K
AMGEN INC	AMGN	$8.6M	20,378	0.84%	+0.13pp	32q	+1.1%+$94.8K
J P MORGAN EXCHANGE TRADED F	JQUA	$8.5M	114,832	0.82%	+0.04pp	6q	+2.5%+$206.1K
WW GRAINGER INC	GWW	$8.3M	6,688	0.81%	-0.06pp	18q	+1.1%+$90.9K
KAYNE ANDERSON BDC INC	KBDC	$8.1M	647,693	0.79%	-0.01pp	2q	+6.1%+$464.2K
ABBVIE INC	ABBV	$8.1M	31,063	0.79%	+0.04pp	32q	+0.8%+$63.3K
AFLAC INC	AFL	$8.1M	72,528	0.79%	-0.03pp	32q	+1.1%+$90.1K
AUTOMATIC DATA PROCESSING IN	ADP	$8.1M	31,222	0.78%	+0.11pp	18q	+0.8%+$65.3K
PEMBINA PIPELINE CORP	PBA	$7.8M	176,054	0.76%	-	new	NEW
CUMMINS INC	CMI	$7.7M	14,945	0.75%	-0.37pp	12q	-7.5%-$627.6K
ISHARES TR	IPAC	$7.5M	88,282	0.73%	+0.03pp	32q	HELD
REXFORD INDL RLTY INC	REXR	$7.5M	206,252	0.73%	-	new	NEW
LOCKHEED MARTIN CORP	LMT	$7.4M	14,604	0.72%	+0.01pp	18q	+0.9%+$66.7K
EXCHANGE LISTED FDS TR	CEFS	$7.2M	292,136	0.70%	+0.01pp	8q	+6.8%+$454.1K
BAIN CAP SPECIALTY FIN INC	BCSF	$7.1M	641,723	0.69%	+0.14pp	2q	+42.2%+$2.1M
CINTAS CORP	CTAS	$7.1M	36,208	0.69%	+0.09pp	18q	+1.0%+$72.6K
WALMART INC	WMT	$6.9M	66,059	0.67%	-0.05pp	32q	+1.1%+$74.5K
L3HARRIS TECHNOLOGIES INC	LHX	$6.8M	28,858	0.66%	-0.14pp	18q	+1.0%+$70.1K
BLACKROCK INC	BLK	$6.8M	6,440	0.66%	+0.07pp	8q	+0.9%+$59.3K
VANGUARD INDEX FDS	VBR	$6.8M	29,219	0.66%	-0.04pp	32q	HELD
APPLE HOSPITALITY REIT INC	APLE	$6.6M	408,915	0.64%	+0.01pp	2q	+6.0%+$372.8K
ISHARES TR	IUSV	$6.6M	59,809	0.64%	flat	32q	HELD
ISHARES TR	IJR	$6.6M	48,457	0.64%	-0.05pp	17q	+0.6%+$36.5K
BLUE OWL CAPITAL CORPORATION	OBDC	$6.2M	594,121	0.61%	+0.19pp	2q	+51.5%+$2.1M
SCHWAB STRATEGIC TR	SCHV	$6.2M	185,372	0.60%	-0.05pp	32q	-3.2%-$202.1K
South Bow Corp	SOBO	$6.1M	184,122	0.59%	-	new	NEW
AMPLIFY ETF TR	BLOK	$6.1M	99,580	0.59%	-0.01pp	9q	+1.3%+$80.9K
CBOE GLOBAL MKTS INC	CBOE	$6.1M	22,110	0.59%	+0.08pp	2q	+1.1%+$64.4K
GOLDMAN SACHS BDC INC	GSBD	$6.0M	659,477	0.58%	+0.01pp	2q	+6.4%+$360.2K
VANGUARD TAX-MANAGED FDS	VEA	$5.9M	84,045	0.58%	flat	32q	HELD
ISHARES TR	ITOT	$5.9M	35,514	0.57%	flat	32q	-1.5%-$92.9K
ISHARES TR	IWD	$5.8M	23,552	0.57%	+0.03pp	8q	+2.9%+$162.6K
DBX ETF TR	DBEF	$5.6M	102,260	0.55%	-0.01pp	32q	-1.6%-$93.3K
HOME DEPOT INC	HD	$5.6M	19,671	0.54%	-0.12pp	18q	+1.2%+$66.3K
ISHARES TR	IUSG	$5.5M	28,587	0.54%	+0.01pp	31q	-0.9%-$52.1K
SCHWAB STRATEGIC TR	SCHC	$5.3M	106,108	0.51%	+0.02pp	32q	+0.8%+$41.3K
ISHARES TR	MBB	$5.3M	58,680	0.51%	+0.03pp	20q	+12.6%+$587.5K
VANGUARD INTL EQUITY INDEX F	VWO	$5.2M	88,175	0.51%	flat	31q	+0.8%+$41.2K
GARMIN LTD	GRMN	$5.1M	17,753	0.50%	+0.17pp	2q	+25.1%+$1.0M
MOTOROLA SOLUTIONS INC	MSI	$5.1M	11,343	0.49%	-0.05pp	12q	-16.1%-$970.4K
SCHWAB STRATEGIC TR	SCYB	$4.9M	194,535	0.48%	-	new	NEW
ISHARES TR	IWF	$4.9M	38,750	0.47%	+0.02pp	8q	+3.8%+$178.0K
SCHWAB STRATEGIC TR	SCHM	$4.8M	142,501	0.47%	-0.05pp	31q	-1.5%-$75.8K
SCHWAB STRATEGIC TR	SCHG	$4.8M	133,670	0.47%	+0.01pp	11q	-3.0%-$148.2K
CITIGROUP INC	C	$4.7M	36,441	0.46%	-0.04pp	14q	HELD
VICI PPTYS INC	VICI	$4.7M	205,334	0.46%	-0.04pp	8q	+7.0%+$309.1K
ARMOUR RESIDENTIAL REIT INC	ARR	$4.7M	338,377	0.46%	-0.18pp	2q	-9.7%-$503.6K
CISCO SYS INC	CSCO	$4.7M	43,250	0.45%	-0.05pp	32q	-2.1%-$97.5K
AMETEK INC	AME	$4.6M	18,477	0.45%	+0.01pp	2q	+0.9%+$42.4K
ANALOG DEVICES INC	ADI	$4.6M	11,471	0.44%	-	new	NEW
ISHARES TR	IUSB	$4.4M	99,430	0.43%	+0.19pp	21q	+90.1%+$2.1M
ROSS STORES INC	ROST	$4.4M	18,682	0.42%	+0.13pp	2q	+33.8%+$1.1M
VANGUARD WORLD FD	EDV	$4.2M	76,180	0.41%	-	new	NEW
SCHWAB STRATEGIC TR	SCHP	$4.1M	163,025	0.40%	-0.07pp	23q	-10.0%-$456.7K
VANGUARD SCOTTSDALE FDS	VMBS	$4.0M	89,328	0.39%	-0.04pp	32q	-5.5%-$231.9K
VANGUARD INTL EQUITY INDEX F	VEU	$3.7M	44,117	0.36%	flat	7q	HELD
EXXONMOBIL HOLDINGS CORP	XOM	$3.6M	21,868	0.35%	-	new	NEW
STATE STR CORP	STT	$3.5M	20,193	0.34%	flat	32q	-3.4%-$123.6K
TOTALENERGIES SE	TTE	$3.4M	39,729	0.33%	+0.03pp	4q	HELD
VANGUARD MALVERN FDS	VTIP	$3.2M	65,569	0.31%	+0.09pp	32q	+43.6%+$979.3K
GILEAD SCIENCES INC	GILD	$3.2M	21,652	0.31%	+0.05pp	12q	HELD
ISHARES TR	IEF	$3.2M	35,946	0.31%	-0.02pp	32q	-0.8%-$25.3K
ROYAL BK CDA	RY	$3.0M	15,304	0.29%	-0.02pp	6q	-2.8%-$87.7K
ISHARES BITCOIN TRUST ETF	IBIT	$3.0M	63,506	0.29%	+0.13pp	8q	+28.4%+$665.6K
VANGUARD INDEX FDS	VO	$3.0M	38,086	0.29%	-0.01pp	32q	HELD
GENERAL DYNAMICS CORP	GD	$2.9M	8,689	0.28%	-0.02pp	32q	+1.2%+$34.8K
VANGUARD INDEX FDS	VB	$2.9M	10,100	0.28%	-0.02pp	32q	+0.7%+$21.1K
PRINCIPAL FINANCIAL GROUP IN	PFG	$2.8M	24,899	0.27%	+0.01pp	25q	-1.2%-$33.1K
ISHARES TR	EFV	$2.8M	35,193	0.27%	+0.01pp	7q	+1.0%+$28.7K
3M CO	MMM	$2.8M	16,931	0.27%	+0.01pp	10q	+0.9%+$24.3K
SELECT SECTOR SPDR TR	XLV	$2.7M	15,950	0.26%	+0.01pp	16q	-2.9%-$81.0K
ASTRAZENECA PLC	AZN	$2.6M	16,262	0.26%	-0.03pp	3q	+2.1%+$55.2K
BRISTOL-MYERS SQUIBB CO	BMY	$2.6M	42,170	0.26%	+0.02pp	2q	HELD
SCHWAB STRATEGIC TR	SCHA	$2.6M	79,624	0.25%	-0.03pp	10q	-2.6%-$69.8K
UNILEVER PLC	UL	$2.5M	40,791	0.24%	+0.01pp	4q	+2.4%+$58.5K
Rio Tinto PLC	RIO	$2.5M	26,143	0.24%	flat	6q	HELD
PAYCHEX INC	PAYX	$2.4M	24,797	0.24%	flat	3q	HELD
M & T BK CORP	MTB	$2.4M	11,201	0.24%	-0.02pp	12q	HELD
ISHARES TR	IMTM	$2.4M	46,269	0.24%	-0.04pp	12q	-11.9%-$329.6K
ISHARES TR	IAGG	$2.4M	48,929	0.23%	+0.01pp	17q	+5.5%+$125.8K
ISHARES GOLD TR	IAU	$2.4M	30,611	0.23%	+0.03pp	8q	+10.6%+$229.7K
ISHARES TR	IXN	$2.3M	15,774	0.23%	-0.03pp	5q	-13.0%-$350.1K
ISHARES TR	IHI	$2.3M	44,671	0.22%	-	new	NEW
ISHARES TR	IWR	$2.3M	21,218	0.22%	-0.01pp	8q	+0.7%+$14.8K
ISHARES TR	EMB	$2.2M	24,567	0.22%	-0.01pp	6q	+2.9%+$62.2K
ISHARES TR	USIG	$2.2M	45,648	0.22%	-0.16pp	16q	-39.3%-$1.4M
ISHARES TR	IBB	$2.2M	10,350	0.21%	-	new	NEW
ISHARES INC	EZU	$2.0M	29,721	0.19%	-0.01pp	7q	HELD
INVESCO ACTVELY MNGD ETC FD	PDBA	$2.0M	52,550	0.19%	+0.04pp	13q	+16.6%+$281.7K
SOUTHERN CO	SO	$2.0M	23,528	0.19%	-0.02pp	25q	+3.3%+$62.0K
ISHARES TR	IGOV	$1.9M	46,955	0.18%	flat	14q	+5.2%+$93.1K
ISHARES SILVER TR	SLV	$1.8M	33,770	0.18%	+0.01pp	10q	+5.6%+$97.7K
WISDOMTREE TR	WTMF	$1.8M	43,302	0.18%	+0.01pp	7q	+3.9%+$68.9K
VANGUARD INDEX FDS	VTV	$1.8M	8,205	0.17%	flat	32q	HELD
VANGUARD WHITEHALL FDS	VYM	$1.7M	11,129	0.17%	flat	14q	+0.6%+$9.5K
ISHARES INC	EWZ	$1.7M	46,027	0.17%	-	new	NEW
IM GLOBAL PARTNER FUNDS	DBMF	$1.7M	51,874	0.16%	+0.01pp	6q	+3.3%+$53.7K
FIRST TR EXCHANGE TRADED FD	CIBR	$1.5M	14,166	0.14%	+0.07pp	2q	+64.3%+$571.6K
VANGUARD INDEX FDS	VTI	$1.4M	3,826	0.14%	flat	31q	-2.9%-$43.0K
ISHARES TR	OEF	$1.4M	3,723	0.14%	+0.01pp	15q	HELD
DBX ETF TR	RVNU	$1.4M	58,817	0.13%	-0.01pp	31q	HELD
INVESCO QQQ TR	QQQ	$1.4M	1,846	0.13%	+0.02pp	8q	+22.3%+$248.6K
VANGUARD MUN BD FDS	VTEB	$1.4M	28,828	0.13%	-0.01pp	32q	+1.1%+$14.8K
ETF SER SOLUTIONS	QTUM	$1.3M	8,346	0.12%	+0.01pp	5q	+22.2%+$229.8K
ISHARES GOLD TRUST MICRO	IAUM	$1.2M	29,895	0.12%	+0.05pp	2q	+74.4%+$528.2K
SCHWAB STRATEGIC TR	SCMB	$1.2M	50,943	0.12%	-0.01pp	16q	-4.4%-$56.5K
ISHARES U S ETF TR	COMT	$1.2M	32,763	0.12%	+0.02pp	13q	HELD
ARBITRAGE FDS	ARB	$1.2M	38,720	0.11%	-	new	NEW
GLOBAL X FDS	URA	$1.2M	28,878	0.11%	flat	5q	+11.2%+$115.4K
ISHARES TR	ACWI	$1.1M	7,089	0.11%	flat	28q	+0.9%+$10.0K
SELECT SECTOR SPDR TR	XLB	$1.1M	22,642	0.11%	flat	3q	+0.8%+$9.0K
ISHARES TR	IEFA	$1.1M	10,843	0.10%	flat	28q	HELD
ISHARES TR	ARTY	$1.0M	13,375	0.10%	+0.02pp	5q	+22.1%+$189.7K
SPDR SERIES TRUST	SPTL	$1.0M	43,372	0.10%	-0.37pp	13q	-76.7%-$3.4M
ABRDN SILVER ETF TRUST	SIVR	$1.0M	17,657	0.10%	flat	10q	+3.2%+$31.4K
ISHARES TR	ISTB	$944.0K	19,980	0.09%	flat	16q	+2.6%+$23.6K
ALPHABET INC	GOOGL	$933.2K	2,712	0.09%	flat	16q	+1.0%+$9.3K
ISHARES INC	EWA	$881.7K	31,146	0.09%	flat	3q	+1.6%+$13.8K
VANECK ETF TRUST	SMHX	$851.7K	14,052	0.08%	+0.01pp	4q	+21.9%+$153.2K
VANECK ETF TRUST	GDX	$809.6K	9,221	0.08%	+0.01pp	12q	HELD
GLOBAL X FDS	AIQ	$793.1K	12,171	0.08%	+0.01pp	6q	+21.4%+$139.8K
VANECK ETF TRUST	EMLC	$764.1K	30,773	0.07%	flat	6q	+5.1%+$37.2K
VANGUARD SCOTTSDALE FDS	VGSH	$763.2K	13,260	0.07%	-	new	NEW
ISHARES TR	TLH	$762.5K	8,273	0.07%	flat	4q	+3.8%+$27.8K
ISHARES TR	IXUS	$719.5K	7,575	0.07%	flat	16q	HELD
VANGUARD STAR FDS	VXUS	$680.3K	8,007	0.07%	flat	19q	+2.4%+$16.0K
FIRST TR EXCHANGE-TRADED FD	GRID	$670.9K	3,788	0.07%	-0.01pp	4q	-10.0%-$74.2K
WISDOMTREE TR	DGS	$596.9K	9,447	0.06%	flat	28q	+2.5%+$14.5K
SPDR SERIES TRUST	XME	$565.4K	5,460	0.05%	flat	5q	HELD
VANGUARD INTL EQUITY INDEX F	VT	$562.1K	3,561	0.05%	flat	23q	HELD
JPMORGAN CHASE & CO	JPM	$549.7K	1,662	0.05%	flat	32q	-0.7%-$3.6K
ALPHABET INC	GOOG	$536.0K	1,573	0.05%	flat	13q	HELD
FORTINET INC	FTNT	$532.9K	2,981	0.05%	+0.01pp	9q	+1.9%+$9.8K
GLOBAL X FDS	SIL	$526.3K	6,119	0.05%	+0.01pp	10q	+1.9%+$9.7K
F5 INC	FFIV	$502.6K	1,129	0.05%	flat	9q	-1.8%-$9.3K
ISHARES TR	IFRA	$493.2K	8,962	0.05%	flat	3q	+21.2%+$86.2K
ISHARES TR	USMV	$473.0K	4,854	0.05%	flat	17q	-0.7%-$3.1K
DBX ETF TR	HYLB	$465.9K	13,228	0.05%	+0.01pp	8q	+21.3%+$81.7K
ISHARES TR	CMBS	$435.4K	9,209	0.04%	flat	9q	+4.4%+$18.4K
BANK OF NY MELLON CORP	BNY	$421.2K	2,912	0.04%	flat	9q	HELD
VALERO ENERGY CORP	VLO	$417.7K	1,078	0.04%	+0.01pp	5q	-5.9%-$26.4K
APPLIED MATLS INC	AMAT	$413.7K	809	0.04%	-0.02pp	6q	-7.9%-$35.3K
EBAY INC.	EBAY	$407.0K	3,838	0.04%	flat	9q	+2.5%+$9.9K
STEEL DYNAMICS INC	STLD	$381.8K	1,723	0.04%	flat	28q	+0.8%+$2.9K
CHEVRON CORPORATION	CVX	$373.6K	1,830	0.04%	+0.01pp	27q	+2.8%+$10.2K
VANGUARD INDEX FDS	VUG	$349.7K	3,881	0.03%	-	new	NEW
ISHARES TR	IEUR	$348.0K	4,722	0.03%	flat	12q	HELD
ELI LILLY & CO	LLY	$347.1K	300	0.03%	flat	13q	HELD
ISHARES TR	IVW	$343.1K	2,412	0.03%	flat	11q	HELD
VANGUARD SCOTTSDALE FDS	VCSH	$327.7K	4,242	0.03%	flat	32q	+1.0%+$3.4K
EMERSON ELEC CO	EMR	$305.6K	1,970	0.03%	flat	8q	+2.9%+$8.5K
SPDR GOLD TR	GLD	$299.0K	785	0.03%	flat	32q	+9.5%+$25.9K
EOG RES INC	EOG	$296.6K	2,153	0.03%	flat	24q	+5.0%+$14.2K
STATE STR SPDR S&P 500 ETF T	SPY	$296.0K	388	0.03%	flat	32q	HELD
ISHARES TR	SCZ	$289.3K	3,426	0.03%	flat	28q	-2.9%-$8.6K
SYSCO CORP	SYY	$279.0K	3,579	0.03%	flat	14q	+5.8%+$15.4K
VANGUARD INDEX FDS	VOT	$273.4K	936	0.03%	flat	12q	HELD
ORACLE CORP	ORCL	$257.2K	1,873	0.03%	flat	32q	+7.5%+$17.9K
SPDR SERIES TRUST	SPMB	$248.8K	11,770	0.02%	flat	12q	-2.6%-$6.7K
PEPSICO INC	PEP	$248.5K	1,961	0.02%	flat	32q	+4.2%+$10.0K
CORTEVA INC	CTVA	$236.5K	3,046	0.02%	flat	7q	+6.2%+$13.8K
OMNICOM GROUP INC	OMC	$233.8K	3,175	0.02%	flat	32q	+9.1%+$19.6K
EXPEDITORS INTL WASH INC	EXPD	$222.9K	1,207	0.02%	-	new	NEW
ISHARES TR	IVE	$220.1K	964	0.02%	flat	4q	HELD
MCKESSON CORP	MCK	$216.4K	253	0.02%	-	new	NEW
ISHARES TR	SUB	$213.8K	2,045	0.02%	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
Real Estate	$92.0M	8.9%
Energy	$78.1M	7.6%
Funds & ETFs	$57.4M	5.6%
Biotech & Pharma	$36.4M	3.5%
Capital Markets	$32.6M	3.2%
Semiconductors & Electronics	$30.8M	3.0%
Retail & Consumer	$23.9M	2.3%
Autos & Aerospace	$22.2M	2.2%
Industrials	$18.9M	1.8%
Software & IT Services	$18.7M	1.8%
Wholesale & Distribution	$18.6M	1.8%
Computer Hardware	$17.6M	1.7%
Other sectors	$100.7M	9.8%
Not classified	$480.5M	46.7%

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	-3.2%	+2.1%	-5.4%	98%
Q2 2026	+6.8%	+14.8%	-8.1%	100%
Q1 2026	+1.5%	-4.6%	+6.1%	99%
Q4 2025	+0.6%	+2.4%	-1.8%	100%
Q3 2025	+4.3%	+7.8%	-3.6%	100%
Q2 2025	+3.2%	+10.5%	-7.3%	100%
Q1 2025	+1.8%	-4.6%	+6.4%	100%
Q4 2024	-3.7%	+2.1%	-5.8%	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	$1.0B	208	18	112	40	17	17.6%	14
Q2 2026	$1.0B	207	17	107	51	10	18.3%	22
Q1 2026	$936.2M	200	8	90	68	12	18.9%	21
Q4 2025	$913.3M	204	12	102	66	16	17.9%	15
Q3 2025	$878.5M	208	13	80	89	13	17.8%	16
Q2 2025	$817.2M	208	21	98	58	14	17.8%	23
Q1 2025	$758.6M	201	9	85	75	12	18.4%	17
Q4 2024	$720.9M	204	40	132	11	16	18.6%	24
Q3 2024	$274.7M	180	17	45	89	10	25.0%	18
Q2 2024	$258.7M	173	9	21	100	14	25.7%	12
Q1 2024	$263.7M	178	18	53	82	15	25.9%	12
Q4 2023	$253.3M	175	35	39	78	19	24.9%	19
Q3 2023	$237.1M	159	14	33	101	8	26.7%	16
Q2 2023	$251.6M	153	18	41	82	33	28.1%	21
Q1 2023	$269.0M	168	12	72	60	11	25.7%	27
Q4 2022	$260.5M	167	25	50	78	29	24.6%	34
Q3 2022	$244.3M	171	22	37	88	25	23.0%	21
Q2 2022	$263.1M	174	30	48	73	20	23.2%	27
Q1 2022	$292.8M	164	21	70	45	21	26.0%	26
Q4 2021	$297.9M	164	21	19	108	14	26.9%	21
Q3 2021	$302.8M	157	14	31	90	18	28.0%	22
Q2 2021	$321.5M	161	17	28	90	23	27.5%	21
Q1 2021	$321.0M	167	26	31	98	11	28.4%	23
Q4 2020	$325.7M	152	17	23	100	10	29.2%	26
Q3 2020	$327.2M	145	21	10	101	6	28.7%	30
Q2 2020	$366.7M	130	5	33	82	31	32.9%	31
Q1 2020	$345.0M	156	17	42	76	34	33.1%	34
Q4 2019	$452.2M	173	51	29	87	10	29.2%	27
Q3 2019	$397.8M	132	10	26	88	12	32.3%	22
Q2 2019	$466.0M	134	8	26	82	2	35.2%	16
Q1 2019	$456.9M	128	15	30	74	14	36.2%	22
Q4 2018	$438.5M	127	0	0	0	0	35.8%	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.