DaveManuel.com · Institutional Ownership · 13F Holdings
Advisory Resource Group
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| PACER FDS TR | QDPL | $45.1M | 984,037 | -0.22pp | 21q | HELD | |
| PHILLIPS 66 | PSX | $43.1M | 168,986 | +1.28pp | 32q | -12.7%-$6.3M | |
| JANUS DETROIT STR TR | JSI | $25.9M | 518,591 | -0.06pp | 12q | +5.6%+$1.4M | |
| CONOCOPHILLIPS | COP | $25.6M | 204,517 | +0.46pp | 32q | -0.7%-$184.7K | |
| PALMER SQUARE FUNDS TR | PSQO | $23.0M | 1,120,047 | +0.30pp | 9q | +15.5%+$3.1M | |
| PACER FDS TR | PATN | $19.6M | 548,744 | -0.49pp | 7q | -7.2%-$1.5M | |
| J P MORGAN EXCHANGE TRADED F | JMEE | $17.6M | 238,921 | -0.51pp | 9q | -7.7%-$1.5M | |
| SPDR SERIES TRUST | SPAB | $14.3M | 586,145 | -0.02pp | 8q | +8.4%+$1.1M | |
| AMERICAN CENTY ETF TR | AVDE | $13.2M | 146,410 | -0.06pp | 13q | HELD | |
| ISHARES TR | IVV | $13.2M | 17,172 | -0.13pp | 32q | -4.1%-$564.4K | |
| VALERO ENERGY CORP | VLO | $11.4M | 29,438 | +0.28pp | 15q | -15.1%-$2.0M | |
| PGIM ETF TR | PTRB | $11.3M | 285,503 | -1.72pp | 19q | -46.6%-$9.8M | |
| PGIM ETF TR | PULS | $10.9M | 220,070 | +0.71pp | 21q | +92.5%+$5.2M | |
| META PLATFORMS INC | META | $10.8M | 14,918 | +1.21pp | 21q | +262.2%+$7.8M | |
| PGIM ETF TR | PAB | $10.5M | 261,770 | +0.67pp | 3q | +96.3%+$5.2M | |
| FIDELITY COVINGTON TRUST | FELV | $10.0M | 240,918 | +0.07pp | 8q | +6.7%+$629.9K | |
| SALESFORCE INC | CRM | $9.3M | 40,303 | +0.42pp | 3q | +4.2%+$369.8K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $9.0M | 55,193 | - | new | NEW | |
| FIDELITY COVINGTON TRUST | FELG | $9.0M | 198,996 | +0.11pp | 2q | +11.0%+$887.2K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $8.0M | 130,863 | -0.18pp | 17q | -9.5%-$841.8K | |
| APPLE INC | AAPL | $8.0M | 24,069 | +0.07pp | 32q | -2.9%-$241.8K | |
| CISCO SYS INC | CSCO | $8.0M | 74,073 | -0.40pp | 31q | -15.4%-$1.5M | |
| APPLIED MATLS INC | AMAT | $7.8M | 15,298 | -0.88pp | 26q | -17.2%-$1.6M | |
| FIDELITY GREENWOOD STREET TR | FYEE | $7.6M | 257,080 | -0.17pp | 5q | -11.9%-$1.0M | |
| INVESCO QQQ TR | QQQ | $7.6M | 10,304 | -0.12pp | 29q | -6.1%-$499.3K | |
| TRAVELERS COMPANIES INC | TRV | $7.6M | 21,181 | +1.05pp | 2q | +3163.6%+$7.3M | |
| ZOETIS INC | ZTS | $7.3M | 104,403 | +0.32pp | 2q | +54.1%+$2.6M | |
| CHARLES SCHWAB CORP (THE) | SCHW | $7.3M | 74,416 | +0.02pp | 3q | HELD | |
| AFLAC INC | AFL | $7.2M | 64,673 | -0.02pp | 32q | +7.4%+$496.4K | |
| FIFTH THIRD BANCORP | FITB | $7.0M | 139,342 | -0.17pp | 31q | -0.5%-$36.8K | |
| FIRST TR EXCHANGE-TRADED FD | ACYN | $6.9M | 331,303 | - | new | NEW | |
| GENERAL DYNAMICS CORP | GD | $6.9M | 20,655 | -0.05pp | 8q | +6.0%+$387.9K | |
| BAKER HUGHES COMPANY | BKR | $6.8M | 123,355 | +0.08pp | 3q | +14.8%+$875.2K | |
| CUMMINS INC | CMI | $6.6M | 12,752 | -0.36pp | 14q | +4.6%+$287.2K | |
| SELECT SECTOR SPDR TR | XLF | $6.6M | 123,032 | -0.08pp | 22q | -3.3%-$222.5K | |
| VANGUARD INDEX FDS | VOE | $6.5M | 33,047 | -0.05pp | 2q | HELD | |
| PGIM ETF TR | PHYL | $5.8M | 173,720 | -0.01pp | 7q | +8.0%+$428.7K | |
| FIDELITY COVINGTON TRUST | FENI | $5.6M | 140,003 | +0.03pp | 6q | +8.9%+$455.1K | |
| EA SERIES TRUST BRIDGEWAY SELECT | BRSV | $5.4M | 125,562 | - | new | NEW | |
| BLACKROCK ETF TRUST II | INMU | $5.1M | 224,820 | +0.10pp | 6q | +28.7%+$1.1M | |
| MICROSOFT CORP | MSFT | $5.0M | 9,661 | +0.23pp | 32q | +11.5%+$509.8K | |
| FIRST TR EXCHNG TRADED FD VI | XISE | $4.9M | 163,236 | +0.08pp | 8q | +17.9%+$748.6K | |
| ISHARES TR | IXUS | $4.7M | 49,855 | -0.03pp | 21q | HELD | |
| ISHARES TR | IWP | $4.7M | 34,388 | -0.07pp | 12q | HELD | |
| PGIM ETF TR | PJFG | $4.7M | 38,630 | -0.01pp | 10q | -0.7%-$34.4K | |
| VANGUARD INDEX FDS | VBK | $4.6M | 13,751 | -0.08pp | 5q | +1.7%+$76.4K | |
| VIRTUS ETF TR II | VEMY | $4.6M | 168,481 | -0.02pp | 13q | +6.8%+$291.4K | |
| SELECT SECTOR SPDR TR | XLV | $4.5M | 26,778 | -0.03pp | 32q | -6.3%-$304.8K | |
| NVIDIA CORPORATION | NVDA | $4.4M | 19,092 | +0.05pp | 23q | HELD | |
| AB ACTIVE ETFS INC | HYFI | $4.2M | 115,534 | -0.17pp | 5q | -15.3%-$754.7K | |
| VANGUARD INDEX FDS | VB | $4.0M | 14,053 | -0.07pp | 14q | -1.3%-$54.3K | |
| ISHARES TR | IWR | $4.0M | 37,358 | -0.06pp | 14q | -2.5%-$100.4K | |
| MORGAN STANLEY ETF TRUST | EVTR | $3.9M | 81,651 | -0.01pp | 11q | +7.6%+$278.1K | |
| PACER FDS TR | INDS | $3.4M | 89,724 | -0.06pp | 12q | HELD | |
| PUTNAM ETF TRUST | PVAL | $3.3M | 62,049 | -0.01pp | 3q | -1.1%-$35.3K | |
| AB ACTIVE ETFS INC | TAFM | $3.2M | 131,919 | -0.04pp | 6q | +3.2%+$96.7K | |
| AMAZON COM INC | AMZN | $3.1M | 12,334 | flat | 32q | -0.7%-$22.4K | |
| AB ACTIVE ETFS INC | SYFI | $2.8M | 79,905 | -0.02pp | 2q | +1.9%+$52.0K | |
| ALPHABET INC | GOOG | $2.8M | 8,178 | +0.03pp | 22q | +16.6%+$396.0K | |
| MICRON TECHNOLOGY INC | MU | $2.7M | 2,507 | -0.01pp | 3q | +9.6%+$234.3K | |
| CROWDSTRIKE HLDGS INC | CRWD | $2.6M | 9,842 | +0.05pp | 21q | -14.2%-$430.5K | |
| SELECT SECTOR SPDR TR | XLY | $2.6M | 23,733 | -0.02pp | 19q | +7.0%+$169.2K | |
| ELI LILLY & CO | LLY | $2.6M | 2,218 | +0.07pp | 16q | +31.6%+$616.8K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $2.5M | 5,560 | -0.04pp | 21q | -0.7%-$19.2K | |
| FIDELITY COVINGTON TRUST | FEMR | $2.5M | 61,136 | +0.01pp | 2q | +12.0%+$269.3K | |
| ISHARES TR | IWD | $2.5M | 9,997 | -0.01pp | 18q | HELD | |
| FIDELITY COVINGTON TRUST | FDHY | $2.4M | 51,203 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $2.3M | 5,722 | -0.05pp | 15q | -22.4%-$654.3K | |
| SELECT SECTOR SPDR TR | XLP | $2.3M | 27,944 | -0.01pp | 3q | +5.8%+$122.7K | |
| CLOUDFLARE INC | NET | $2.2M | 6,407 | +0.03pp | 21q | -18.8%-$515.0K | |
| SELECT SECTOR SPDR TR | XLB | $2.2M | 45,097 | -0.02pp | 17q | +2.0%+$42.9K | |
| ETFIS SER TR I | UTES | $2.2M | 30,888 | -0.01pp | 7q | +17.3%+$319.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.2M | 4,350 | -0.01pp | 32q | +2.1%+$45.3K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.1M | 2,358 | +0.03pp | 13q | +17.9%+$325.9K | |
| ARISTA NETWORKS INC | ANET | $2.1M | 10,529 | -0.02pp | 4q | -17.7%-$461.7K | |
| FIRST TR EXCHNG TRADED FD VI | XIDE | $2.1M | 68,886 | -0.01pp | 8q | HELD | |
| GE AEROSPACE | GE | $2.1M | 6,623 | -0.10pp | 14q | -5.2%-$113.7K | |
| NETFLIX INC. | NFLX | $2.0M | 28,895 | +0.06pp | 12q | +34.7%+$518.2K | |
| AB ACTIVE ETFS INC | TAFL | $2.0M | 85,545 | -0.03pp | 6q | +1.9%+$37.0K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $2.0M | 3,780 | +0.01pp | 5q | +3.9%+$74.2K | |
| MASTERCARD INCORPORATED | MA | $1.9M | 3,533 | +0.02pp | 20q | +3.2%+$61.2K | |
| INVESCO EXCH TRADED FD TR II | VRP | $1.9M | 81,378 | -0.01pp | 9q | +4.7%+$87.5K | |
| UBER TECHNOLOGIES INC | UBER | $1.9M | 28,021 | +0.02pp | 22q | +20.8%+$330.4K | |
| CADENCE DESIGN SYSTEM INC | CDNS | $1.9M | 5,785 | -0.04pp | 14q | +2.3%+$42.3K | |
| KLA CORP | KLAC | $1.9M | 9,772 | -0.06pp | 2q | +33.6%+$479.5K | |
| EATON CORP PLC | ETN | $1.9M | 4,309 | -0.02pp | 26q | -3.8%-$73.1K | |
| AMPHENOL CORP | APH | $1.8M | 21,871 | -0.06pp | 3q | -11.9%-$248.8K | |
| LAM RESEARCH CORP | LRCX | $1.8M | 5,595 | -0.09pp | 8q | +2.7%+$48.6K | |
| DOORDASH INC | DASH | $1.8M | 9,769 | -0.03pp | 15q | -7.3%-$142.1K | |
| ISHARES TR | IWF | $1.8M | 14,271 | -0.01pp | 18q | +1.0%+$17.7K | |
| BROADCOM INC | AVGO | $1.8M | 5,069 | -0.03pp | 10q | +2.0%+$34.1K | |
| PACER FDS TR | HERD | $1.8M | 36,009 | -0.02pp | 17q | -6.7%-$126.5K | |
| SERVICENOW INC | NOW | $1.7M | 12,758 | - | new | NEW | |
| SOLSTICE ADVANCED MATLS INC | SOLS | $1.7M | 30,354 | -0.03pp | 4q | +44.8%+$529.3K | |
| ASML HLDG NV | ASML | $1.7M | 942 | -0.07pp | 16q | -10.2%-$193.8K | |
| TESLA INC | TSLA | $1.7M | 4,742 | -0.06pp | 27q | HELD | |
| AFFIRM HLDGS INC | AFRM | $1.7M | 24,242 | -0.15pp | 3q | -24.6%-$548.8K | |
| SHOPIFY INC | SHOP | $1.7M | 11,261 | +0.04pp | 8q | -3.1%-$53.1K | |
| INTEL CORP | INTC | $1.6M | 13,354 | -0.05pp | 31q | HELD | |
| Sun Life Financial, Inc. | SLF | $1.6M | 20,365 | -0.03pp | 23q | -8.6%-$149.8K | |
| SONY GROUP CORP | SONY | $1.6M | 66,600 | +0.03pp | 16q | +5.4%+$80.2K | |
| NOVARTIS AG | NVS | $1.5M | 10,688 | -0.01pp | 26q | +9.2%+$128.5K | |
| MANULIFE FINL CORP | MFC | $1.5M | 35,500 | -0.01pp | 21q | -6.5%-$105.5K | |
| GARMIN LTD | GRMN | $1.5M | 5,225 | +0.04pp | 2q | +7.2%+$101.2K | |
| CANADIAN NATL RY CO | CNI | $1.5M | 12,535 | -0.01pp | 3q | +0.7%+$10.1K | |
| nan | MELI | $1.5M | 858 | - | new | NEW | |
| NETEASE COM INC | NTES | $1.5M | 12,196 | -0.01pp | 6q | +3.6%+$51.1K | |
| ROYAL BK CDA | RY | $1.5M | 7,454 | -0.04pp | 21q | -5.7%-$88.3K | |
| VALE S A | VALE | $1.5M | 108,713 | flat | 5q | +20.0%+$242.9K | |
| TRANE TECHNOLOGIES PLC | TT | $1.4M | 3,185 | -0.02pp | 20q | +2.6%+$36.2K | |
| CHUBB LIMITED | CB | $1.4M | 4,406 | flat | 16q | +7.0%+$93.4K | |
| HANCOCK JOHN PFD INCOME FD | HPI | $1.4M | 100,622 | -0.04pp | 32q | HELD | |
| CATERPILLAR INC | CAT | $1.4M | 1,699 | -0.07pp | 32q | +3.1%+$41.4K | |
| FIRST TR EXCHNG TRADED FD VI | XIMR | $1.4M | 42,987 | -0.01pp | 6q | HELD | |
| FIRST TR EXCHNG TRADED FD VI | XIJN | $1.3M | 42,939 | -0.02pp | 5q | -4.4%-$60.8K | |
| SCHWAB STRATEGIC TR | SCHD | $1.3M | 40,594 | -0.09pp | 16q | -32.0%-$621.3K | |
| ALIBABA GROUP HLDG LTD | BABA | $1.3M | 12,194 | - | new | NEW | |
| CRH PLC | CRH | $1.3M | 15,289 | -0.02pp | 12q | +21.8%+$226.5K | |
| ONEOK INC NEW | OKE | $1.2M | 13,967 | - | new | NEW | |
| VANGUARD WORLD FD | VGT | $1.0M | 8,320 | flat | 15q | +1.9%+$19.1K | |
| SELECT SECTOR SPDR TR | XLRE | $1.0M | 24,696 | flat | 20q | +9.6%+$88.4K | |
| BNY MELLON ETF TRUST | BKIE | $967.3K | 28,954 | -0.01pp | 21q | HELD | |
| BLACKROCK ETF TRUST II | SHYM | $925.5K | 43,296 | +0.02pp | 6q | +33.8%+$233.5K | |
| WALMART INC | WMT | $907.8K | 8,735 | -0.01pp | 32q | +2.6%+$23.1K | |
| ADVANCED MICRO DEVICES INC | AMD | $898.0K | 1,468 | +0.02pp | 4q | +12.7%+$100.9K | |
| VANGUARD SCOTTSDALE FDS | VONG | $873.9K | 6,778 | flat | 7q | +1.6%+$14.1K | |
| BLACKSTONE INC | BX | $871.9K | 7,778 | -0.01pp | 6q | HELD | |
| AMERICAN HEALTHCARE REIT INC | AHR | $815.9K | 15,916 | -0.01pp | 9q | HELD | |
| VANGUARD INDEX FDS | VOO | $800.2K | 1,142 | -0.04pp | 14q | -25.8%-$278.2K | |
| SCHWAB STRATEGIC TR | SCHF | $795.2K | 28,949 | -0.06pp | 6q | -29.2%-$327.2K | |
| CORNING INC | GLW | $781.3K | 5,081 | -0.08pp | 11q | HELD | |
| CHEVRON CORPORATION | CVX | $736.3K | 3,606 | +0.02pp | 32q | HELD | |
| BLACKBERRY LTD | BB | $670.4K | 74,162 | -0.04pp | 6q | HELD | |
| SPACE EXPLORATION TECHN CORP | SPCX | $655.0K | 4,342 | +0.03pp | 2q | +84.4%+$299.7K | |
| HEALTHCARE RLTY TR | HR | $628.6K | 35,435 | -0.02pp | 17q | -5.5%-$36.6K | |
| VANGUARD INTL EQUITY INDEX F | VPL | $627.2K | 5,416 | -0.05pp | 3q | -33.5%-$315.9K | |
| VANGUARD INDEX FDS | VTI | $581.9K | 1,555 | flat | 13q | HELD | |
| SPDR INDEX SHS FDS | SPEM | $566.8K | 10,950 | flat | 20q | +1.5%+$8.3K | |
| AT&T INC | T | $566.4K | 23,211 | flat | 32q | -7.6%-$46.7K | |
| BANK OF AMER CORP | BAC | $540.0K | 9,920 | -0.01pp | 6q | HELD | |
| FIDELITY COVINGTON TRUST | FMDE | $471.2K | 11,669 | - | new | NEW | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $468.5K | 508 | -0.01pp | 2q | HELD | |
| HALLIBURTON CO | HAL | $446.3K | 14,035 | flat | 3q | +11.2%+$44.8K | |
| SELECT SECTOR SPDR TR | XLK | $417.3K | 2,132 | flat | 13q | HELD | |
| AMERICAN CENTY ETF TR | AVUV | $414.6K | 3,520 | -0.03pp | 2q | -22.2%-$118.5K | |
| FIRST TR EXCHNG TRADED FD VI | BUFR | $412.8K | 11,018 | flat | 8q | HELD | |
| JPMORGAN CHASE & CO | JPM | $403.0K | 1,218 | flat | 11q | +10.4%+$38.0K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $396.5K | 520 | -0.02pp | 13q | -21.8%-$110.6K | |
| APA CORPORATION | APA | $373.4K | 8,990 | +0.01pp | 4q | HELD | |
| ALPHABET INC | GOOGL | $373.0K | 1,084 | flat | 5q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $364.6K | 5,929 | -0.01pp | 32q | -20.9%-$96.6K | |
| FIDELITY COVINGTON TRUST | FESM | $363.3K | 8,081 | - | new | NEW | |
| GE VERNOVA INC | GEV | $361.2K | 380 | -0.02pp | 6q | HELD | |
| AMERICAN ELEC PWR CO INC | AEP | $357.7K | 3,015 | -0.01pp | 32q | HELD | |
| DOLLAR GEN CORP | DG | $351.5K | 2,940 | +0.01pp | 7q | +14.8%+$45.3K | |
| WASTE MGMT INC DEL | WM | $324.8K | 1,593 | -0.01pp | 26q | HELD | |
| BRINKER INTL INC | EAT | $323.2K | 1,670 | flat | 8q | HELD | |
| OGE ENERGY CORP | OGE | $320.3K | 7,052 | -0.01pp | 8q | HELD | |
| DISNEY WALT CO | DIS | $316.2K | 3,015 | +0.01pp | 32q | +20.1%+$53.0K | |
| JOHNSON & JOHNSON | JNJ | $315.3K | 1,191 | flat | 4q | +6.9%+$20.4K | |
| ABBVIE INC | ABBV | $313.5K | 1,199 | flat | 26q | +5.5%+$16.5K | |
| INVESCO EXCH TRADED FD TR II | PZA | $308.2K | 14,411 | -0.02pp | 13q | -20.9%-$81.6K | |
| FIRST TR EXCH TRADED FD III | FMB | $304.3K | 6,359 | -0.02pp | 29q | -24.4%-$98.2K | |
| STRYKER CORPORATION | SYK | $304.3K | 1,105 | -0.01pp | 25q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $294.0K | 1,337 | -0.02pp | 14q | -1.7%-$5.1K | |
| DEVON ENERGY CORP NEW | DVN | $290.0K | 6,299 | flat | 5q | HELD | |
| LOWES COS INC | LOW | $279.4K | 1,516 | -0.01pp | 26q | HELD | |
| DEERE CO | DE | $268.6K | 400 | +0.01pp | 2q | +19.4%+$43.7K | |
| CORTEVA INC | CTVA | $260.9K | 3,360 | - | new | NEW | |
| WELLS FARGO & CO | WFC | $259.1K | 3,237 | -0.01pp | 8q | -10.6%-$30.6K | |
| ABRDN PRECIOUS METALS BASKET | GLTR | $255.4K | 1,371 | flat | 5q | HELD | |
| TJX COS INC NEW | TJX | $254.0K | 1,920 | -0.01pp | 8q | -2.0%-$5.2K | |
| QNITY ELECTRONICS INC | Q | $243.3K | 1,935 | - | new | NEW | |
| PHILIP MORRIS INTL INC | PM | $243.1K | 1,274 | flat | 7q | HELD | |
| ISHARES TR | AGG | $240.8K | 2,547 | -0.02pp | 3q | -36.0%-$135.2K | |
| COUSINS PPTYS INC | CUZ | $225.7K | 8,164 | flat | 2q | HELD | |
| PROCTER & GAMBLE CO | PG | $224.1K | 1,543 | -0.01pp | 31q | -11.4%-$28.9K | |
| PHILLIPS EDISON & CO INC | PECO | $220.8K | 5,914 | -0.01pp | 20q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $219.1K | 597 | flat | 2q | +18.5%+$34.1K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $213.4K | 1,141 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | RSP | $206.1K | 991 | flat | 2q | HELD | |
| VIRTUS ETF TR II | KMID | $205.2K | 8,764 | flat | 8q | +1.3%+$2.6K | |
| HF SINCLAIR CORP | DINO | $201.2K | 1,875 | - | new | NEW | |
| FORD MTR CO | F | $185.8K | 15,410 | -0.01pp | 32q | 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 |
|---|---|---|
| Energy | $92.2M | 13.3% |
| Software & IT Services | $41.3M | 5.9% |
| Semiconductors & Electronics | $27.8M | 4.0% |
| Insurance | $21.7M | 3.1% |
| Computer Hardware | $21.2M | 3.0% |
| Industrials | $20.4M | 2.9% |
| Biotech & Pharma | $14.0M | 2.0% |
| Banks & Lending | $11.4M | 1.6% |
| Other sectors | $53.3M | 7.7% |
| Not classified | $392.0M | 56.4% |
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 | +2.0% | +2.1% | -0.1% | 100% |
| Q2 2026 | +8.8% | +14.8% | -6.0% | 100% |
| Q1 2026 | +3.2% | -4.6% | +7.9% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 97% |
| Q3 2025 | +5.1% | +7.8% | -2.8% | 98% |
| Q2 2025 | +4.6% | +10.5% | -5.9% | 99% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 99% |
| Q4 2024 | -2.5% | +2.1% | -4.6% | 99% |
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 | $695.2M | 184 | 14 | 74 | 55 | 13 | 34.6% | 26 |
| Q2 2026 | $665.0M | 183 | 21 | 86 | 39 | 10 | 35.4% | 14 |
| Q1 2026 | $581.1M | 172 | 15 | 81 | 49 | 14 | 39.7% | 45 |
| Q4 2025 | $568.6M | 171 | 10 | 76 | 57 | 11 | 38.6% | 43 |
| Q3 2025 | $557.5M | 172 | 13 | 67 | 57 | 8 | 37.2% | 22 |
| Q2 2025 | $520.4M | 167 | 17 | 72 | 52 | 12 | 37.4% | 39 |
| Q1 2025 | $491.0M | 162 | 9 | 89 | 41 | 5 | 37.4% | 21 |
| Q4 2024 | $471.2M | 158 | 18 | 69 | 54 | 18 | 38.1% | 28 |
| Q3 2024 | $468.3M | 158 | 9 | 64 | 53 | 6 | 38.4% | 51 |
| Q2 2024 | $443.1M | 155 | 7 | 84 | 40 | 10 | 40.9% | 24 |
| Q1 2024 | $435.8M | 158 | 15 | 77 | 50 | 7 | 44.5% | 47 |
| Q4 2023 | $401.1M | 150 | 11 | 61 | 43 | 13 | 45.8% | 11 |
| Q3 2023 | $370.6M | 152 | 16 | 70 | 48 | 14 | 49.1% | 66 |
| Q2 2023 | $367.8M | 150 | 13 | 57 | 53 | 10 | 50.5% | 11 |
| Q1 2023 | $356.5M | 147 | 13 | 69 | 37 | 11 | 51.2% | 45 |
| Q4 2022 | $336.3M | 145 | 17 | 68 | 34 | 3 | 53.0% | 27 |
| Q3 2022 | $302.3M | 131 | 16 | 55 | 34 | 20 | 53.6% | 11 |
| Q2 2022 | $305.5M | 135 | 14 | 60 | 42 | 20 | 52.5% | 21 |
| Q1 2022 | $321.2M | 141 | 3 | 81 | 29 | 7 | 52.5% | 6 |
| Q4 2021 | $299.6M | 145 | 30 | 77 | 19 | 20 | 48.8% | 39 |
| Q3 2021 | $271.3M | 135 | 35 | 49 | 27 | 33 | 48.4% | 26 |
| Q2 2021 | $249.9M | 133 | 29 | 59 | 27 | 10 | 47.9% | 50 |
| Q1 2021 | $214.1M | 114 | 25 | 33 | 38 | 14 | 56.1% | 54 |
| Q4 2020 | $201.7M | 103 | 18 | 39 | 23 | 10 | 56.6% | 54 |
| Q3 2020 | $170.5M | 95 | 17 | 39 | 24 | 14 | 56.6% | 70 |
| Q2 2020 | $162.2M | 92 | 25 | 29 | 30 | 7 | 62.2% | 50 |
| Q1 2020 | $130.8M | 74 | 8 | 33 | 26 | 5 | 63.5% | 57 |
| Q4 2019 | $177.6M | 71 | 3 | 29 | 24 | 8 | 67.9% | 43 |
| Q3 2019 | $186.3M | 76 | 12 | 19 | 29 | 6 | 68.6% | 50 |
| Q2 2019 | $182.4M | 70 | 7 | 27 | 14 | 10 | 70.2% | 46 |
| Q1 2019 | $179.3M | 73 | 16 | 29 | 25 | 6 | 70.8% | 50 |
| Q4 2018 | $163.0M | 63 | 0 | 0 | 0 | 0 | 76.9% | 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.