DaveManuel.com · Institutional Ownership · 13F Holdings
Maltin Wealth Management, Inc.
Reported holdings as of Q3 2026, from 28 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO EXCH TRADED FD TR II | PXF | $14.4M | 188,561 | +0.06pp | 6q | +3.7%+$513.3K | |
| USCF ETF TR | SDCI | $13.9M | 446,586 | +0.61pp | 7q | +1.0%+$137.7K | |
| GMO ETF TRUST | GMOI | $10.8M | 272,960 | +0.10pp | 6q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VSS | $10.5M | 67,828 | -0.01pp | 27q | +2.2%+$228.1K | |
| ISHARES TR | HDV | $10.2M | 366,379 | +0.12pp | 25q | +5.0%+$484.2K | |
| FIRST TR EXCHNG TRADED FD VI | RSSE | $10.1M | 435,286 | -0.10pp | 8q | HELD | |
| SCHWAB STRATEGIC TR | SCHO | $9.8M | 409,025 | +0.65pp | 13q | +31.1%+$2.3M | |
| ISHARES TR | IEI | $8.0M | 70,645 | +1.24pp | 7q | +104.1%+$4.1M | |
| VANGUARD INDEX FDS | VOE | $7.3M | 37,578 | +0.16pp | 28q | +11.7%+$766.9K | |
| INVESCO EXCH TRADED FD TR II | PIE | $6.3M | 184,775 | +0.03pp | 28q | +2.5%+$154.4K | |
| INNOVATOR ETFS TRUST | KJUN | $6.2M | 212,923 | - | new | NEW | |
| ISHARES GOLD TRUST MICRO | IAUM | $5.9M | 142,977 | - | new | NEW | |
| VANGUARD WORLD FD | VIS | $5.3M | 16,679 | -0.27pp | 28q | HELD | |
| INNOVATOR ETFS TRUST | IJUL | $5.2M | 144,481 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | BAB | $5.2M | 206,288 | -1.00pp | 15q | -31.3%-$2.4M | |
| INNOVATOR ETFS TRUST | BJAN | $5.1M | 84,977 | -0.01pp | 28q | HELD | |
| FIDELITY COVINGTON TRUST | FHLC | $5.1M | 62,018 | +0.05pp | 28q | HELD | |
| ISHARES TR | IJK | $5.0M | 46,016 | +0.09pp | 28q | +16.8%+$726.8K | |
| PGIM ROCK ETF TR | BUFP | $4.4M | 134,642 | -0.09pp | 10q | -5.4%-$253.9K | |
| FIRST TR EXCHNG TRADED FD VI | YJUN | $4.3M | 160,652 | -0.04pp | 18q | HELD | |
| FIDELITY COVINGTON TRUST | FNCL | $4.2M | 56,019 | -0.02pp | 28q | +2.4%+$100.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $4.2M | 70,182 | -0.82pp | 12q | -35.5%-$2.3M | |
| FIDELITY COVINGTON TRUST | FTEC | $4.1M | 13,646 | +0.02pp | 28q | HELD | |
| ISHARES TR | STIP | $4.0M | 40,595 | +0.05pp | 13q | +10.3%+$377.0K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $4.0M | 19,330 | -0.09pp | 28q | -1.3%-$51.2K | |
| FIDELITY COVINGTON TRUST | FENY | $3.9M | 115,800 | +0.15pp | 28q | +2.0%+$77.5K | |
| FIRST TR EXCHNG TRADED FD VI | RSJN | $3.8M | 103,547 | -0.03pp | 10q | +1.6%+$61.1K | |
| FIRST TR EXCHANGE-TRADED FD | AIRR | $3.8M | 36,874 | -0.22pp | 6q | +13.2%+$443.3K | |
| VANGUARD TAX-MANAGED FDS | VEA | $3.8M | 53,336 | -0.05pp | 27q | HELD | |
| FIDELITY COVINGTON TRUST | FUTY | $3.8M | 73,509 | -0.19pp | 28q | +2.3%+$82.8K | |
| FIDELITY COVINGTON TRUST | FCOM | $3.7M | 51,766 | +0.01pp | 28q | HELD | |
| APPLE INC | AAPL | $3.7M | 11,159 | +0.09pp | 28q | -2.8%-$107.2K | |
| INVESCO EXCHANGE TRADED FD T | RSPM | $3.7M | 99,477 | -0.07pp | 18q | +0.9%+$34.6K | |
| VANGUARD INSTL INDEX FD | VBIL | $3.6M | 47,663 | +0.34pp | 6q | +45.3%+$1.1M | |
| ALPHABET INC | GOOGL | $3.5M | 10,076 | -0.08pp | 26q | HELD | |
| ISHARES TR | ITOT | $3.4M | 20,547 | -0.02pp | 28q | HELD | |
| FIDELITY COVINGTON TRUST | FDIS | $3.2M | 34,311 | -0.09pp | 28q | +2.8%+$87.6K | |
| SCHWAB STRATEGIC TR | SCHP | $3.2M | 127,106 | -0.04pp | 16q | +5.1%+$153.7K | |
| VANGUARD INDEX FDS | VO | $3.2M | 40,345 | -0.40pp | 28q | -23.6%-$977.7K | |
| ISHARES GOLD TR | IAU | $3.0M | 38,313 | -1.63pp | 18q | -62.8%-$5.0M | |
| STATE STREET SPDR S&P 500 ETF CALL | SPY | $2.7M | options only | - | new | OPTIONS | |
| YEXT INC | YEXT | $2.6M | 394,439 | +0.21pp | 28q | HELD | |
| BLACKROCK MUN TARGET TERM TR | BTT | $2.5M | 115,681 | -0.08pp | 11q | -1.6%-$42.0K | |
| ISHARES TR | IYW | $2.5M | 9,451 | +0.01pp | 28q | -0.6%-$15.6K | |
| ALPHABET INC | GOOG | $2.4M | 7,115 | -0.16pp | 13q | -11.2%-$306.7K | |
| INNOVATOR ETFS TRUST | EJUL | $2.4M | 76,469 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLK | $2.4M | 12,059 | -0.01pp | 25q | -1.3%-$31.5K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $2.2M | 3 | -0.02pp | 28q | HELD | |
| INNOVATOR ETFS TRUST | BAPR | $2.0M | 37,494 | flat | 28q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $1.9M | 31,602 | +0.07pp | 27q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PSL | $1.6M | 14,964 | -0.02pp | 26q | +4.0%+$61.7K | |
| INNOVATOR ETFS TRUST | BJUN | $1.5M | 30,920 | flat | 27q | +1.7%+$25.0K | |
| FIRST TR EXCHNG TRADED FD VI | FFEB | $1.5M | 24,091 | flat | 14q | HELD | |
| VANECK ETF TRUST | GDX | $1.5M | 16,622 | +0.06pp | 9q | +1.7%+$24.3K | |
| ISHARES TR | IJR | $1.4M | 10,541 | -0.06pp | 28q | -0.5%-$7.2K | |
| UNITED PARCEL SVCS INC | UPS | $1.4M | 14,532 | -0.13pp | 28q | -7.8%-$115.4K | |
| VANGUARD MALVERN FDS | VTIP | $1.3M | 26,580 | +0.01pp | 28q | +7.8%+$94.9K | |
| INNOVATOR ETFS TRUST | BOCT | $1.3M | 23,473 | flat | 28q | HELD | |
| INNOVATOR ETFS TRUST | BSEP | $1.3M | 23,627 | -0.01pp | 27q | -0.9%-$11.2K | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $1.2M | 1,897 | -0.04pp | 27q | HELD | |
| HAPPEN INC | HAPN | $1.2M | 78,279 | -0.17pp | 12q | HELD | |
| FIRST TR EXCHNG TRADED FD VI | DMAY | $1.2M | 24,014 | -0.01pp | 2q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,406 | -0.01pp | 28q | HELD | |
| NVIDIA CORPORATION | NVDA | $1.1M | 4,753 | +0.01pp | 3q | -5.9%-$68.5K | |
| ALPS ETF TR | EQL | $1.0M | 20,907 | -0.01pp | 11q | HELD | |
| MICROSOFT CORP | MSFT | $1.0M | 1,986 | +0.07pp | 15q | -5.8%-$62.6K | |
| VANGUARD WORLD FD | VPU | $1.0M | 5,951 | -0.06pp | 12q | +0.7%+$7.2K | |
| ISHARES TR CALL | IWM | $953.7K | options only | - | new | OPTIONS | |
| ISHARES TR | IJH | $941.2K | 13,081 | -0.03pp | 26q | -0.7%-$6.7K | |
| AMAZON COM INC | AMZN | $940.0K | 3,773 | -0.05pp | 28q | -14.0%-$153.5K | |
| ISHARES TR | IXJ | $929.3K | 9,100 | flat | 28q | -0.5%-$5.1K | |
| VANGUARD INDEX FDS | VUG | $883.1K | 9,800 | flat | 28q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $875.8K | 973 | -0.04pp | 24q | +0.5%+$4.5K | |
| SANDISK CORP | SNDK | $869.9K | 500 | -0.25pp | 2q | -28.0%-$337.5K | |
| INNOVATOR ETFS TRUST | KDEC | $821.0K | 29,205 | -2.66pp | 3q | -90.5%-$7.9M | |
| FIRST TR EXCHNG TRADED FD VI | RSDE | $820.4K | 34,968 | -0.01pp | 4q | HELD | |
| META PLATFORMS INC | META | $721.3K | 995 | -0.08pp | 5q | -39.5%-$471.2K | |
| INNOVATOR ETFS TRUST | UJAN | $701.2K | 15,113 | flat | 28q | HELD | |
| INNOVATOR ETFS TRUST | BMAY | $667.7K | 13,779 | flat | 18q | +2.7%+$17.7K | |
| DIREXION SHARES ETF TRUST | SPDN | $651.5K | 76,827 | -0.15pp | 19q | -38.5%-$407.1K | |
| ISHARES TR | IBB | $646.0K | 3,068 | +0.01pp | 28q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PYZ | $626.9K | 5,543 | -0.03pp | 16q | HELD | |
| GABELLI DIVID & INCOME TR | GDV | $622.0K | 21,988 | -0.01pp | 27q | +1.0%+$6.1K | |
| DBX ETF TR | DBEF | $616.5K | 11,219 | -0.01pp | 28q | HELD | |
| ISHARES TR | IWN | $611.7K | 2,921 | -0.02pp | 27q | HELD | |
| INNOVATOR ETFS TRUST | BNOV | $593.9K | 12,131 | flat | 3q | HELD | |
| BANK OF AMER CORP | BAC | $580.2K | 10,659 | -0.04pp | 12q | -10.1%-$65.2K | |
| PARKER HANNIFIN CORP | PH | $568.0K | 595 | -0.02pp | 12q | -2.5%-$14.3K | |
| PGIM ROCK ETF TR | NOVP | $560.0K | 16,724 | flat | 3q | HELD | |
| VANGUARD WHITEHALL FDS | VYM | $544.6K | 3,509 | flat | 22q | +5.9%+$30.4K | |
| ISHARES TR | IEFA | $529.8K | 5,469 | -0.08pp | 9q | -29.0%-$216.3K | |
| FIRST TR EXCHNG TRADED FD VI | DJUN | $523.1K | 10,447 | - | new | NEW | |
| ELI LILLY & CO | LLY | $519.2K | 449 | -0.01pp | 14q | +2.0%+$10.4K | |
| FIRST TR EXCHANGE-TRADED FD | FDN | $514.9K | 1,785 | +0.01pp | 25q | HELD | |
| PROSHARES TR | PSQ | $505.7K | 20,374 | -0.04pp | 10q | -18.0%-$110.8K | |
| FIDELITY COVINGTON TRUST | FIDU | $486.8K | 5,496 | -0.03pp | 16q | HELD | |
| VANGUARD WORLD FD | VOX | $481.9K | 2,528 | flat | 16q | HELD | |
| SPDR SERIES TRUST | MDYG | $467.3K | 4,471 | -0.02pp | 11q | HELD | |
| WISDOMTREE TR | DHS | $451.5K | 4,033 | -0.01pp | 28q | +0.8%+$3.6K | |
| VANGUARD WORLD FD | VFH | $423.6K | 3,256 | -0.01pp | 23q | HELD | |
| PROSHARES TR | DOG | $404.6K | 18,170 | - | new | NEW | |
| FIRST TR EXCHNG TRADED FD VI | FJUN | $381.1K | 6,229 | flat | 2q | HELD | |
| ABBVIE INC | ABBV | $380.1K | 1,453 | flat | 21q | HELD | |
| SPDR GOLD TR | GLD | $377.8K | 992 | flat | 12q | HELD | |
| ISHARES TR | HEFA | $367.9K | 7,931 | flat | 28q | +0.6%+$2.2K | |
| KRANESHARES TRUST | KCCA | $361.7K | 21,684 | -0.01pp | 7q | HELD | |
| INNOVATOR ETFS TRUST | KJAN | $361.3K | 7,933 | flat | 3q | HELD | |
| INVESCO EXCHANGE TRADED FD T | SPHQ | $358.9K | 4,269 | -0.01pp | 16q | HELD | |
| INNOVATOR ETFS TRUST | PAUG | $347.9K | 7,457 | flat | 17q | HELD | |
| SPDR GOLD TR CALL | GLD | $342.8K | options only | - | new | OPTIONS | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $340.1K | 683 | flat | 28q | HELD | |
| MORGAN STANLEY | MS | $328.9K | 1,749 | -0.02pp | 8q | -5.6%-$19.4K | |
| SPDR SERIES TRUST | SPYG | $328.7K | 2,670 | flat | 10q | HELD | |
| INVESCO DB COMMDY INDX TRCK | DBC | $327.2K | 10,122 | +0.02pp | 26q | HELD | |
| MASTERCARD INCORPORATED | MA | $326.0K | 591 | flat | 5q | HELD | |
| INVESCO QQQ TR | QQQ | $317.1K | 429 | flat | 5q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $315.9K | 1,876 | flat | 14q | HELD | |
| ISHARES TR | IYC | $310.5K | 3,276 | -0.01pp | 14q | HELD | |
| STATE STR SPDR S&P 500 ETF T PUT | SPY | $305.1K | options only | - | new | OPTIONS | |
| VANGUARD INDEX FDS | VOO | $297.8K | 425 | -0.01pp | 8q | -4.3%-$13.3K | |
| SPDR SERIES TRUST | XBI | $294.8K | 1,870 | flat | 2q | HELD | |
| PGIM ROCK ETF TR | JUNP | $294.2K | 9,103 | - | new | NEW | |
| INNOVATOR ETFS TRUST | PJAN | $294.0K | 5,796 | flat | 2q | HELD | |
| VANGUARD INDEX FDS | VTI | $289.5K | 774 | flat | 2q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $287.0K | 564 | -0.01pp | 12q | HELD | |
| NUVEEN S&P 500 DYNAMIC OVERW | SPXX | $284.5K | 15,387 | flat | 3q | +1.9%+$5.3K | |
| INVESCO DB US DLR INDEX TR | UDN | $267.5K | 14,950 | flat | 3q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | FVD | $263.4K | 5,615 | -0.01pp | 23q | HELD | |
| VANGUARD INDEX FDS | VTV | $259.5K | 1,201 | flat | 8q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VT | $257.0K | 1,628 | -0.01pp | 3q | -6.9%-$18.9K | |
| LINDE PLC | LIN | $251.9K | 531 | -0.01pp | 12q | HELD | |
| ISHARES TR | AGG | $247.9K | 2,622 | -0.01pp | 6q | +1.0%+$2.6K | |
| SELECT SECTOR SPDR TR | XLP | $237.5K | 2,947 | flat | 14q | +0.5%+$1.2K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $235.4K | 309 | flat | 28q | HELD | |
| BLACKSTONE INC | BX | $235.4K | 2,100 | -0.04pp | 15q | -26.1%-$83.2K | |
| ISHARES TR | SCZ | $231.9K | 2,747 | flat | 6q | HELD | |
| VISA INC | V | $230.2K | 641 | flat | 2q | HELD | |
| SELECT SECTOR SPDR TR | XLI | $229.1K | 1,372 | -0.01pp | 5q | HELD | |
| SPACE EXPLORATION TECHN CORP | SPCX | $228.1K | 1,512 | - | new | NEW | |
| FIRST TR EXCHNG TRADED FD VI | DMAR | $223.0K | 4,878 | flat | 11q | HELD | |
| ISHARES TR | ITA | $222.5K | 1,074 | -0.01pp | 5q | +1.9%+$4.1K | |
| SCHWAB STRATEGIC TR | SCHF | $221.3K | 8,058 | flat | 2q | HELD | |
| ISHARES TR CALL | IWM | $218.0K | options only | - | new | OPTIONS | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $217.0K | 235 | -0.03pp | 2q | -21.7%-$60.0K | |
| BLACKROCK INC | BLK | $214.0K | 202 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHB | $210.8K | 7,193 | flat | 2q | HELD | |
| GE AEROSPACE | GE | $208.6K | 668 | -0.02pp | 2q | HELD | |
| FIRST TR EXCHNG TRADED FD VI | FMAY | $206.0K | 3,590 | flat | 2q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $202.5K | 1,245 | - | new | NEW | |
| IMMUNOME INC | IMNM | $201.4K | 9,365 | -0.04pp | 3q | -37.6%-$121.2K | |
| IMMUNITYBIO INC | IBRX | $124.1K | 13,150 | flat | 5q | HELD | |
| PLAYSTUDIOS INC | MYPS | $35.9K | 75,594 | 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 |
|---|---|---|
| Capital Markets | $11.9M | 3.9% |
| Software & IT Services | $10.4M | 3.4% |
| Funds & ETFs | $8.2M | 2.7% |
| Computer Hardware | $4.8M | 1.6% |
| Other sectors | $11.8M | 3.8% |
| Not classified | $261.3M | 84.7% |
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 | +0.3% | +2.1% | -1.9% | 100% |
| Q2 2026 | +6.5% | +14.8% | -8.3% | 100% |
| Q1 2026 | +1.5% | -4.6% | +6.2% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.1% | 100% |
| Q3 2025 | +6.0% | +7.8% | -1.8% | 100% |
| Q2 2025 | +5.6% | +10.5% | -4.8% | 100% |
| Q1 2025 | +0.1% | -4.6% | +4.7% | 100% |
| Q4 2024 | -1.9% | +2.1% | -4.0% | 97% |
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 | $308.4M | 152 | 15 | 35 | 33 | 9 | 32.9% | 13 |
| Q2 2026 | $299.0M | 146 | 17 | 54 | 28 | 7 | 32.7% | 22 |
| Q1 2026 | $261.6M | 136 | 18 | 44 | 40 | 14 | 34.9% | 21 |
| Q4 2025 | $251.4M | 132 | 4 | 58 | 23 | 3 | 32.9% | 15 |
| Q3 2025 | $240.9M | 131 | 7 | 53 | 11 | 3 | 32.4% | 24 |
| Q2 2025 | $222.2M | 127 | 13 | 49 | 24 | 16 | 33.2% | 37 |
| Q1 2025 | $212.9M | 130 | 8 | 50 | 30 | 7 | 34.5% | 10 |
| Q4 2024 | $203.5M | 129 | 8 | 50 | 32 | 4 | 33.6% | 16 |
| Q3 2024 | $205.4M | 125 | 10 | 45 | 19 | 4 | 34.3% | 9 |
| Q2 2024 | $186.2M | 119 | 9 | 54 | 24 | 10 | 35.1% | 12 |
| Q1 2024 | $177.8M | 120 | 10 | 61 | 17 | 7 | 36.3% | 16 |
| Q4 2023 | $157.0M | 117 | 14 | 31 | 45 | 7 | 34.8% | 18 |
| Q3 2023 | $143.2M | 110 | 11 | 42 | 25 | 7 | 32.7% | 11 |
| Q2 2023 | $141.5M | 106 | 10 | 50 | 21 | 8 | 36.2% | 34 |
| Q1 2023 | $138.7M | 104 | 11 | 42 | 25 | 10 | 34.7% | 20 |
| Q4 2022 | $137.4M | 103 | 10 | 39 | 41 | 12 | 35.4% | 48 |
| Q3 2022 | $126.6M | 105 | 8 | 46 | 29 | 14 | 32.4% | 45 |
| Q2 2022 | $138.4M | 111 | 24 | 34 | 37 | 25 | 32.6% | 36 |
| Q1 2022 | $151.2M | 112 | 12 | 46 | 28 | 14 | 34.5% | 36 |
| Q4 2021 | $166.4M | 114 | 17 | 53 | 21 | 10 | 35.4% | 33 |
| Q3 2021 | $162.8M | 107 | 7 | 42 | 31 | 7 | 40.7% | 40 |
| Q2 2021 | $164.5M | 107 | 8 | 50 | 25 | 6 | 39.6% | 23 |
| Q1 2021 | $154.2M | 105 | 15 | 43 | 25 | 3 | 41.1% | 29 |
| Q4 2020 | $142.6M | 93 | 10 | 26 | 44 | 3 | 45.7% | 20 |
| Q3 2020 | $140.6M | 86 | 10 | 23 | 38 | 5 | 46.2% | 19 |
| Q2 2020 | $132.5M | 81 | 14 | 23 | 31 | 12 | 48.2% | 36 |
| Q1 2020 | $117.7M | 79 | 22 | 28 | 23 | 58 | 46.4% | 43 |
| Q4 2019 | $154.6M | 115 | 0 | 0 | 0 | 0 | 53.1% | 56 |
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.