DaveManuel.com · Institutional Ownership · 13F Holdings

Symphony Financial, Ltd. Co.

Reported holdings as of Q3 2026, from 27 quarterly filings.

CIK

1800687

Reported value

$1.1B

Positions

358

Top 10 weight

32.2%

Filed

2026-10-22

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NVIDIA CORPORATION	NVDA	$61.5M	267,540	5.49%	+1.21pp	26q	+33.7%+$15.5M
SPDR SERIES TRUST	SPTM	$45.7M	493,328	4.08%	-0.81pp	21q	HELD
SPDR SERIES TRUST	SPYG	$38.9M	313,990	3.46%	-0.15pp	26q	+11.9%+$4.1M
MICROSOFT CORP	MSFT	$36.2M	70,268	3.23%	+1.15pp	27q	+36.2%+$9.6M
APPLE INC	AAPL	$36.1M	108,175	3.22%	+0.67pp	27q	+31.5%+$8.7M
ISHARES TR	IEFA	$35.7M	367,774	3.18%	+1.92pp	24q	+208.0%+$24.1M
AMERICAN CENTY ETF TR	AVDE	$31.6M	348,237	2.82%	-0.45pp	17q	+3.7%+$1.1M
AMAZON COM INC	AMZN	$26.5M	106,783	2.36%	+0.04pp	27q	+20.5%+$4.5M
AMERICAN CENTY ETF TR	AVUV	$26.4M	223,348	2.36%	+0.44pp	17q	+59.1%+$9.8M
STATE STR SPDR S&P 500 ETF T	SPY	$22.2M	29,042	1.98%	-0.48pp	27q	-4.0%-$927.4K
SPDR SERIES TRUST	SPIB	$21.5M	664,847	1.92%	+0.02pp	8q	+28.9%+$4.8M
PGIM ETF TR	PULS	$21.5M	434,139	1.91%	-0.44pp	16q	HELD
ISHARES INC	IEMG	$19.9M	245,610	1.78%	+1.19pp	24q	+275.7%+$14.6M
ALPHABET INC	GOOGL	$19.8M	56,966	1.76%	-0.05pp	27q	+22.0%+$3.6M
SPDR SERIES TRUST	SPYV	$18.4M	300,067	1.64%	-0.32pp	6q	+1.4%+$254.2K
ISHARES TR	IWM	$17.8M	63,876	1.59%	-0.06pp	24q	+26.8%+$3.8M
VANGUARD INDEX FDS	VTI	$17.3M	46,176	1.54%	+0.06pp	27q	+25.9%+$3.6M
AMERICAN CENTY ETF TR	AVEM	$16.6M	176,453	1.48%	-0.28pp	6q	+3.9%+$627.4K
BROADCOM INC	AVGO	$16.5M	46,618	1.47%	+0.04pp	27q	+32.5%+$4.0M
ISHARES TR	IGF	$15.4M	250,222	1.38%	+0.21pp	7q	+58.3%+$5.7M
INVESCO EXCHANGE TRADED FD T	SPHQ	$13.2M	155,654	1.17%	-0.32pp	6q	+1.1%+$146.2K
JOHNSON & JOHNSON	JNJ	$13.1M	49,031	1.16%	-0.02pp	27q	+16.6%+$1.9M
MICRON TECHNOLOGY INC	MU	$12.5M	11,764	1.12%	+0.38pp	5q	+101.5%+$6.3M
INVESCO ACTVELY MNGD ETC FD	PDBC	$11.9M	613,240	1.06%	+0.45pp	7q	+75.8%+$5.1M
SPDR SERIES TRUST	SLYV	$11.8M	115,139	1.05%	+0.15pp	7q	+52.2%+$4.1M
ALPHABET INC	GOOG	$11.8M	34,236	1.05%	-0.19pp	12q	+5.7%+$637.2K
ISHARES TR	IUSV	$11.6M	105,312	1.04%	+0.12pp	25q	+38.5%+$3.2M
EXXONMOBIL HOLDINGS CORP	XOM	$11.5M	70,599	1.03%	-	new	NEW
META PLATFORMS INC	META	$10.9M	15,020	0.98%	+0.32pp	14q	+40.2%+$3.1M
J P MORGAN EXCHANGE TRADED F	JPST	$10.8M	213,796	0.96%	-0.23pp	27q	HELD
VANECK ETF TRUST	ANGL	$10.2M	364,006	0.91%	-0.13pp	19q	+11.7%+$1.1M
ISHARES TR	QUAL	$10.2M	45,552	0.91%	+0.10pp	27q	+35.5%+$2.7M
SPDR GOLD TR	GLD	$9.2M	24,015	0.82%	-0.18pp	6q	-3.1%-$294.8K
ELI LILLY & CO	LLY	$9.2M	7,802	0.82%	-0.06pp	23q	+18.3%+$1.4M
VANGUARD SCOTTSDALE FDS	VONV	$9.0M	82,670	0.80%	-0.06pp	7q	+11.0%+$893.0K
SPACE EXPLORATION TECHN CORP	SPCX	$8.9M	59,167	0.79%	+0.35pp	2q	+141.0%+$5.2M
JPMORGAN CHASE & CO	JPM	$8.3M	24,806	0.74%	-0.14pp	23q	+2.0%+$164.0K
ALTRIA GROUP INC	MO	$8.1M	118,649	0.72%	+0.01pp	12q	+34.9%+$2.1M
TESLA INC	TSLA	$8.1M	23,027	0.72%	-0.09pp	25q	+28.8%+$1.8M
ISHARES TR	IVV	$8.0M	10,349	0.71%	-0.76pp	22q	-42.5%-$5.9M
ABBVIE INC	ABBV	$7.7M	29,137	0.69%	-0.04pp	27q	+11.7%+$803.1K
BERKSHIRE HATHAWAY INC DEL	BRKB	$7.3M	14,669	0.65%	-0.13pp	27q	+1.9%+$133.6K
VISA INC	V	$7.1M	19,708	0.64%	-0.17pp	27q	-8.4%-$654.0K
SPDR INDEX SHS FDS	SPDW	$7.0M	137,874	0.62%	-0.10pp	6q	+4.9%+$324.3K
COLUMBIA ETF TR I	CRUX	$6.4M	223,259	0.57%	+0.06pp	2q	+43.7%+$1.9M
WALMART INC	WMT	$5.7M	53,410	0.51%	-0.18pp	6q	-2.2%-$124.8K
GE AEROSPACE	GE	$5.4M	17,325	0.48%	+0.07pp	6q	+71.9%+$2.3M
COSTCO WHOLESALE CORPORATION	COST	$5.4M	5,860	0.48%	+0.05pp	27q	+41.3%+$1.6M
VERIZON COMMUNICATIONS INC	VZ	$5.3M	115,205	0.47%	-0.09pp	6q	-0.8%-$41.7K
MERCK & CO INC	MRK	$5.3M	35,530	0.47%	-0.04pp	6q	HELD
APPLIED MATLS INC	AMAT	$5.2M	10,082	0.46%	+0.11pp	6q	+123.3%+$2.8M
CHEVRON CORPORATION	CVX	$5.1M	25,043	0.46%	+0.11pp	27q	+30.9%+$1.2M
ADVANCED MICRO DEVICES INC	AMD	$4.9M	8,149	0.44%	+0.06pp	12q	+28.3%+$1.1M
INVESCO QQQ TR	QQQ	$4.9M	6,625	0.44%	-0.13pp	5q	-6.1%-$317.6K
BNY MELLON ETF TRUST	BKAG	$4.8M	119,450	0.43%	-0.13pp	6q	-1.7%-$84.3K
PHILIP MORRIS INTL INC	PM	$4.6M	24,017	0.41%	+0.12pp	20q	+66.7%+$1.8M
LAM RESEARCH CORP	LRCX	$4.6M	13,992	0.41%	+0.07pp	6q	+93.4%+$2.2M
Sun Life Financial, Inc.	SLF	$4.5M	56,911	0.40%	-0.10pp	6q	-2.7%-$122.1K
HOME DEPOT INC	HD	$4.4M	15,328	0.39%	-0.07pp	27q	+26.5%+$917.2K
MORGAN STANLEY	MS	$4.2M	22,227	0.38%	+0.11pp	10q	+96.3%+$2.1M
FIRST TR EXCHANGE-TRADED FD	WCMI	$4.2M	219,380	0.38%	-0.01pp	6q	+21.9%+$755.0K
PALANTIR TECHNOLOGIES INC	PLTR	$4.1M	21,607	0.36%	+0.21pp	6q	+80.3%+$1.8M
AMGEN INC	AMGN	$3.9M	9,139	0.35%	-0.01pp	6q	+1.6%+$62.0K
CUMMINS INC	CMI	$3.7M	7,045	0.33%	-0.06pp	10q	+40.4%+$1.1M
ORACLE CORP	ORCL	$3.6M	26,068	0.32%	-0.09pp	21q	+3.6%+$122.9K
GE VERNOVA INC	GEV	$3.5M	3,631	0.31%	+0.10pp	6q	+118.6%+$1.9M
RTX CORPORATION	RTX	$3.4M	18,290	0.30%	-0.02pp	5q	+15.0%+$441.5K
NEXTERA ENERGY INC	NEE	$3.4M	44,479	0.30%	-0.11pp	6q	+5.9%+$188.5K
PGIM ETF TR	PAAA	$3.3M	64,842	0.30%	+0.13pp	6q	+116.7%+$1.8M
GLOBAL X FDS	COPX	$3.3M	38,906	0.30%	-0.03pp	6q	-2.2%-$75.4K
ISHARES TR	ACWX	$3.2M	42,650	0.29%	-0.04pp	2q	+6.2%+$188.8K
PALO ALTO NETWORKS INC	PANW	$3.2M	8,130	0.29%	-0.04pp	6q	-10.5%-$379.0K
BNY MELLON ETF TRUST	BKLC	$3.2M	65,184	0.29%	-0.07pp	6q	-4.3%-$142.7K
REALTY INCOME CORP	O	$3.2M	58,777	0.29%	-0.07pp	6q	+14.8%+$414.4K
3M CO	MMM	$3.2M	19,286	0.28%	+0.17pp	12q	+190.2%+$2.1M
FORTINET INC	FTNT	$3.2M	17,835	0.28%	-0.02pp	5q	+1.0%+$30.8K
UNITEDHEALTH GROUP INC	UNH	$3.2M	8,598	0.28%	+0.03pp	27q	+58.7%+$1.2M
AT&T INC	T	$3.1M	128,138	0.28%	+0.11pp	12q	+79.1%+$1.4M
ISHARES TR	MUB	$3.1M	30,736	0.28%	-0.11pp	14q	-6.1%-$200.7K
MARVELL TECHNOLOGY INC	MRVL	$3.1M	11,975	0.28%	+0.12pp	5q	+129.1%+$1.7M
TEXAS INSTRS INC	TXN	$3.1M	10,913	0.27%	-0.04pp	6q	+10.0%+$280.7K
CATERPILLAR INC	CAT	$3.1M	3,751	0.27%	+0.03pp	16q	+78.7%+$1.4M
ISHARES TR	DGRO	$3.0M	39,834	0.27%	-0.06pp	6q	+1.6%+$48.4K
FIRST TR EXCHANGE-TRADED FD	SDVY	$3.0M	73,132	0.27%	-0.02pp	6q	+18.6%+$468.1K
FIRST TR EXCHANGE-TRADED FD	AIRR	$2.9M	27,939	0.26%	-0.09pp	6q	+16.4%+$409.0K
PFIZER INC	PFE	$2.8M	98,868	0.25%	+0.14pp	26q	+145.2%+$1.7M
MCDONALDS CORP	MCD	$2.7M	11,543	0.24%	+0.01pp	24q	+44.4%+$824.5K
MASTERCARD INCORPORATED	MA	$2.6M	4,591	0.23%	-0.24pp	27q	-45.2%-$2.1M
COCA COLA CO	KO	$2.5M	29,174	0.23%	-0.06pp	6q	-9.5%-$267.5K
AMERICAN EXPRESS CO	AXP	$2.4M	7,909	0.21%	-0.03pp	6q	+20.1%+$403.9K
SALESFORCE INC	CRM	$2.4M	10,434	0.21%	+0.12pp	26q	+98.5%+$1.2M
GENERAL DYNAMICS CORP	GD	$2.4M	7,148	0.21%	-0.09pp	6q	-9.3%-$244.7K
PEPSICO INC	PEP	$2.3M	17,914	0.21%	-0.04pp	6q	+8.9%+$188.4K
INTUITIVE SURGICAL INC	ISRG	$2.2M	5,512	0.20%	+0.07pp	8q	+86.2%+$1.0M
HEALTHPEAK PROPERTIES INC	DOC	$2.2M	109,125	0.19%	+0.10pp	6q	+170.2%+$1.4M
CARDINAL HEALTH INC	CAH	$2.1M	9,615	0.19%	+0.10pp	5q	+165.3%+$1.3M
LOWES COS INC	LOW	$2.1M	11,498	0.19%	-0.06pp	6q	+11.0%+$212.4K
WASTE MGMT INC DEL	WM	$2.1M	10,228	0.19%	-0.06pp	6q	-0.6%-$11.9K
DUKE ENERGY CORP NEW	DUK	$2.1M	18,071	0.18%	-0.07pp	6q	-1.8%-$36.9K
ARES MANAGEMENT CORPORATION	ARES	$2.1M	17,749	0.18%	-	new	NEW
ISHARES TR	IJH	$2.0M	28,154	0.18%	-0.07pp	24q	-6.9%-$150.6K
SSGA ACTIVE ETF TR	TOTL	$2.0M	53,555	0.18%	+0.01pp	9q	+41.3%+$586.6K
SOUTHERN CO	SO	$2.0M	24,050	0.18%	+0.03pp	27q	+72.5%+$842.0K
ISHARES SILVER TR	SLV	$1.9M	35,248	0.17%	-0.03pp	6q	-1.2%-$23.7K
INTERNATIONAL BUSINESS MACHS	IBM	$1.9M	8,760	0.17%	+0.06pp	6q	+147.5%+$1.2M
WESTERN DIGITAL CORP	WDC	$1.9M	4,097	0.17%	+0.04pp	5q	+132.7%+$1.1M
SPDR SERIES TRUST	SPMD	$1.9M	29,268	0.17%	-0.05pp	6q	+1.9%+$34.3K
VANECK ETF TRUST	NLR	$1.8M	17,664	0.16%	-0.06pp	6q	+1.3%+$22.8K
VALERO ENERGY CORP	VLO	$1.7M	4,415	0.16%	+0.02pp	6q	-4.3%-$77.9K
VANGUARD INDEX FDS	VOO	$1.7M	2,485	0.16%	-0.05pp	6q	-11.0%-$216.5K
LOCKHEED MARTIN CORP	LMT	$1.7M	3,393	0.15%	-0.03pp	6q	+3.2%+$53.7K
CONSOLIDATED EDISON INC	ED	$1.7M	16,344	0.15%	-0.04pp	6q	+2.3%+$38.1K
ISHARES TR	IUSG	$1.6M	8,085	0.14%	-0.03pp	27q	-0.8%-$12.6K
PROCTER & GAMBLE CO	PG	$1.6M	10,580	0.14%	-0.02pp	6q	+5.4%+$80.5K
ISHARES TR	IWF	$1.5M	12,065	0.14%	-0.02pp	6q	+5.5%+$78.7K
ISHARES TR	ITOT	$1.5M	8,930	0.13%	-0.02pp	6q	+6.9%+$96.0K
ABBOTT LABORATORIES	ABT	$1.5M	14,998	0.13%	-0.03pp	6q	-5.7%-$89.7K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$1.5M	3,220	0.13%	flat	6q	+27.7%+$318.8K
LYONDELLBASELL INDUSTRIES NV	LYB	$1.4M	24,254	0.12%	+0.04pp	5q	+65.3%+$551.7K
DIMENSIONAL ETF TRUST	DFAC	$1.4M	30,609	0.12%	-0.03pp	6q	HELD
SCHWAB STRATEGIC TR	SCHG	$1.3M	36,650	0.12%	-0.01pp	5q	+4.1%+$52.1K
PHILLIPS 66	PSX	$1.3M	4,894	0.11%	flat	6q	-17.3%-$263.7K
CROWDSTRIKE HLDGS INC	CRWD	$1.2M	4,619	0.11%	+0.02pp	13q	HELD
GOLDMAN SACHS GROUP INC	GS	$1.2M	1,294	0.10%	+0.01pp	6q	+55.0%+$415.8K
BNY MELLON ETF TRUST	BKHY	$1.2M	25,462	0.10%	flat	6q	+22.2%+$212.7K
GOLDMAN SACHS ETF TR	GPIQ	$1.2M	19,908	0.10%	-0.15pp	3q	-48.1%-$1.1M
PARKER HANNIFIN CORP	PH	$1.1M	1,092	0.09%	-0.04pp	6q	-10.9%-$129.2K
BNY MELLON ETF TRUST	BKEM	$1.0M	34,070	0.09%	-0.03pp	6q	+186.4%+$674.3K
BNY MELLON ETF TRUST	BKIE	$1.0M	30,488	0.09%	-0.03pp	6q	-4.4%-$46.6K
CAPITAL SOUTHWEST CORP	CSWC	$1.0M	43,403	0.09%	-0.02pp	4q	+3.0%+$29.1K
INVESCO EXCH TRADED FD TR II	SPLV	$993.0K	13,956	0.09%	-0.03pp	6q	+1.5%+$14.7K
BNY MELLON ETF TRUST	BKMC	$983.8K	25,304	0.09%	-0.03pp	5q	+187.7%+$641.9K
AMPHENOL CORP	APH	$973.4K	11,504	0.09%	+0.02pp	4q	+62.4%+$374.0K
NETFLIX INC.	NFLX	$956.6K	13,729	0.09%	-0.13pp	12q	-48.1%-$885.2K
VANGUARD INDEX FDS	VTV	$956.1K	4,422	0.09%	-0.02pp	2q	-1.6%-$15.1K
ANALOG DEVICES INC	ADI	$947.5K	2,384	0.08%	-0.01pp	6q	+5.3%+$47.3K
FIRST TR EXCHNG TRADED FD VI	ILDR	$901.3K	22,790	0.08%	-	new	NEW
SPDR SERIES TRUST	SPSM	$884.4K	16,652	0.08%	flat	6q	+40.4%+$254.6K
SERVICENOW INC	NOW	$873.4K	6,559	0.08%	flat	6q	-13.5%-$136.5K
ISHARES TR	IWO	$867.8K	2,425	0.08%	-0.02pp	4q	+5.5%+$45.4K
SELECT SECTOR SPDR TR	XLE	$839.9K	13,571	0.07%	-0.01pp	6q	-10.6%-$99.5K
CONOCOPHILLIPS	COP	$836.3K	6,653	0.07%	flat	6q	HELD
BHP BILLITON LIMITED	BHP	$824.6K	9,686	0.07%	-	new	NEW
BNY MELLON ETF TRUST	BKSE	$807.2K	19,336	0.07%	-0.03pp	5q	+179.9%+$518.8K
COMFORT SYS USA INC	FIX	$792.6K	479	0.07%	-0.06pp	5q	-19.5%-$191.9K
TRUIST FINL CORP	TFC	$789.0K	16,960	0.07%	+0.01pp	10q	+58.7%+$291.9K
DIAMONDBACK ENERGY INC	FANG	$780.6K	4,223	0.07%	-0.01pp	6q	+4.1%+$30.7K
GLOBAL X FDS	GREK	$753.3K	8,715	0.07%	-	new	NEW
ISHARES TR	VLUE	$751.8K	3,774	0.07%	-0.02pp	6q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$743.8K	11,783	0.07%	flat	6q	+12.6%+$83.1K
VANGUARD INTL EQUITY INDEX F	VT	$741.0K	4,694	0.07%	-0.02pp	4q	-5.4%-$42.3K
FASTENAL CO	FAST	$736.0K	14,779	0.07%	-0.01pp	6q	-1.3%-$9.6K
VANGUARD SPECIALIZED FUNDS	VIG	$735.1K	3,150	0.07%	-0.02pp	2q	HELD
VANGUARD STAR FDS	VXUS	$726.9K	8,527	0.06%	-0.01pp	6q	+8.1%+$54.6K
ISHARES TR	IWD	$722.5K	2,905	0.06%	-0.02pp	4q	-11.2%-$90.8K
REDWIRE CORPORATION	RDW	$712.1K	63,463	0.06%	-	new	NEW
BANK OF AMER CORP	BAC	$694.4K	12,718	0.06%	-0.05pp	6q	-31.4%-$318.3K
ROCKWELL AUTOMATION INC	ROK	$681.9K	1,565	0.06%	-0.02pp	6q	+1.2%+$8.3K
SPDR INDEX SHS FDS	SPEM	$680.1K	13,122	0.06%	-0.01pp	6q	HELD
BOEING CO	BA	$675.0K	3,591	0.06%	+0.03pp	3q	+197.5%+$448.1K
ONEOK INC NEW	OKE	$672.0K	7,774	0.06%	-	new	NEW
WISDOMTREE TR	AGGY	$659.4K	15,985	0.06%	-0.04pp	6q	-25.8%-$229.8K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$659.0K	716	0.06%	-0.01pp	3q	+4.5%+$28.5K
PIMCO ETF TR	PYLD	$655.8K	25,783	0.06%	-0.01pp	5q	+9.8%+$58.8K
CISCO SYS INC	CSCO	$648.5K	6,020	0.06%	-0.02pp	6q	HELD
CONSTELLATION ENERGY CORP	CEG	$647.9K	2,595	0.06%	flat	6q	+22.2%+$117.9K
EATON CORP PLC	ETN	$641.4K	1,484	0.06%	-0.01pp	6q	-3.8%-$25.5K
KLA CORP	KLAC	$632.7K	3,234	0.06%	-0.04pp	6q	+11.9%+$67.5K
TWFG INC	TWFG	$628.7K	26,089	0.06%	-0.05pp	3q	-33.3%-$313.3K
ISHARES TR	IJR	$624.2K	4,577	0.06%	-0.02pp	4q	-2.1%-$13.4K
INTEL CORP	INTC	$621.3K	5,201	0.06%	flat	5q	+34.8%+$160.3K
TG THERAPEUTICS INC	TGTX	$614.9K	11,024	0.05%	-	new	NEW
GILEAD SCIENCES INC	GILD	$611.2K	4,073	0.05%	+0.01pp	6q	+15.3%+$81.0K
THERMO FISHER SCIENTIFIC INC	TMO	$602.1K	890	0.05%	flat	6q	-13.2%-$91.3K
AGNC INVT CORP	AGNC	$591.1K	64,282	0.05%	+0.01pp	3q	+94.8%+$287.7K
ENBRIDGE INC	ENB	$591.0K	12,650	0.05%	-0.01pp	6q	+25.9%+$121.5K
SPDR SERIES TRUST	SPYM	$583.6K	6,471	0.05%	+0.02pp	2q	+106.9%+$301.5K
BRITISH AMERN TOB PLC	BTI	$583.2K	10,693	0.05%	-0.02pp	6q	+5.2%+$28.8K
ISHARES TR	ITA	$574.4K	2,761	0.05%	-0.04pp	6q	-22.3%-$165.0K
DIGITAL RLTY TR INC	DLR	$571.8K	3,253	0.05%	-0.02pp	6q	-4.4%-$26.0K
ISHARES TR	HDV	$571.6K	20,253	0.05%	-0.04pp	6q	-33.0%-$281.8K
SELECT SECTOR SPDR TR	XLK	$564.9K	2,882	0.05%	-0.10pp	4q	-59.9%-$844.8K
DELL TECHNOLOGIES INC	DELL	$560.2K	1,038	0.05%	-0.03pp	2q	-41.5%-$397.8K
RYDER SYS INC	R	$555.2K	2,413	0.05%	-0.02pp	6q	+2.3%+$12.7K
HEWLETT PACKARD ENTERPRISE C	HPE	$550.5K	8,606	0.05%	+0.02pp	2q	+25.3%+$111.0K
ISHARES INC	EWY	$548.8K	3,001	0.05%	flat	2q	+32.0%+$132.9K
TRANE TECHNOLOGIES PLC	TT	$546.7K	1,199	0.05%	-0.02pp	4q	-13.1%-$82.5K
FIRST TR EXCHANGE-TRADED FD	FTSM	$545.6K	9,167	0.05%	-0.03pp	6q	-27.5%-$207.2K
VANGUARD INDEX FDS	VB	$533.2K	1,874	0.05%	-0.02pp	2q	-1.8%-$9.7K
INVESCO EXCH TRADED FD TR II	SPMO	$530.7K	3,493	0.05%	flat	5q	+18.3%+$82.2K
PUBLIC SVC ENTERPRISE GROUP	PEG	$527.3K	7,796	0.05%	flat	10q	+57.6%+$192.7K
VANECK ETF TRUST	CLOI	$525.6K	9,925	0.05%	-0.01pp	6q	+2.1%+$11.0K
UNION PAC CORP	UNP	$524.8K	1,901	0.05%	-0.01pp	6q	+6.6%+$32.3K
AMERICAN ELEC PWR CO INC	AEP	$513.5K	4,282	0.05%	-0.01pp	6q	+26.9%+$109.0K
BLACKROCK INC	BLK	$512.6K	482	0.05%	-0.01pp	6q	-4.9%-$26.6K
LINDE PLC	LIN	$505.8K	1,061	0.05%	-0.01pp	6q	+2.1%+$10.5K
IRON MTN INC DEL	IRM	$500.7K	4,513	0.04%	flat	12q	+45.4%+$156.4K
CITIGROUP INC	C	$490.6K	3,768	0.04%	-0.03pp	6q	-18.9%-$114.4K
TERNIUM SA	TX	$487.4K	8,997	0.04%	flat	6q	+1.1%+$5.4K
ARISTA NETWORKS INC	ANET	$486.6K	2,383	0.04%	flat	6q	-3.1%-$15.7K
PRINCIPAL FINANCIAL GROUP IN	PFG	$484.1K	4,300	0.04%	+0.01pp	4q	+34.6%+$124.5K
ISHARES TR	IOO	$482.2K	3,323	0.04%	flat	4q	+18.3%+$74.7K
WELLS FARGO & CO	WFC	$479.7K	5,957	0.04%	flat	6q	+20.1%+$80.4K
BOOKING HOLDINGS INC	BKNG	$473.6K	2,907	0.04%	-0.02pp	6q	-2.5%-$12.2K
ISHARES TR	FALN	$473.5K	18,176	0.04%	-0.04pp	6q	-33.0%-$232.7K
VANGUARD INDEX FDS	VXF	$470.7K	2,032	0.04%	-0.01pp	3q	HELD
CELESTICA INC	CLS	$469.7K	1,280	0.04%	-0.01pp	5q	-9.6%-$49.9K
PNC FINL SVCS GROUP INC	PNC	$462.3K	2,079	0.04%	-0.02pp	6q	-11.3%-$59.2K
TIMOTHY PLAN	TPIF	$453.7K	12,182	0.04%	+0.01pp	3q	+87.4%+$211.5K
AMERICAN TOWER CORP	AMT	$430.8K	2,619	0.04%	-0.01pp	6q	+6.9%+$27.8K
MONDELEZ INTL INC	MDLZ	$426.0K	7,229	0.04%	-	new	NEW
INVESCO EXCH TRADED FD TR II	SPHD	$425.8K	8,758	0.04%	+0.01pp	2q	+63.7%+$165.7K
TIMOTHY PLAN	TPHD	$425.8K	10,446	0.04%	-	new	NEW
PROLOGIS INC.	PLD	$425.2K	3,241	0.04%	-0.01pp	3q	+2.1%+$8.9K
TJX COS INC NEW	TJX	$422.9K	3,184	0.04%	-0.03pp	6q	-24.9%-$140.5K
CENTENE CORP DEL	CNC	$418.9K	6,743	0.04%	-0.01pp	4q	-6.3%-$28.4K
TIMOTHY PLAN	TPSC	$414.8K	9,246	0.04%	+0.01pp	2q	+95.6%+$202.7K
SANDISK CORP	SNDK	$413.5K	238	0.04%	-0.01pp	2q	+25.9%+$85.1K
VANECK ETF TRUST	HYD	$407.5K	8,447	0.04%	-0.02pp	4q	-14.4%-$68.6K
JOHNSON CONTROLS INTERNATION	JCI	$403.6K	2,695	0.04%	flat	6q	+7.7%+$28.9K
VANECK ETF TRUST	SMH	$399.6K	656	0.04%	-0.01pp	3q	-3.5%-$14.6K
DELTA AIR LINES INC	DAL	$399.2K	4,781	0.04%	-0.01pp	4q	-0.8%-$3.3K
TECHNIPFMC PLC	FTI	$393.9K	5,798	0.04%	-0.01pp	4q	HELD
ISHARES TR	EFA	$393.3K	3,780	0.04%	-0.01pp	2q	HELD
TOTALENERGIES SE	TTE	$387.2K	4,488	0.03%	flat	3q	+9.6%+$33.8K
GENERAL MTRS CO	GM	$387.1K	4,996	0.03%	-0.01pp	6q	+1.9%+$7.1K
HONEYWELL INTL INC	HON	$386.8K	1,837	0.03%	-	new	NEW
SHELL PLC	SHEL	$382.1K	4,014	0.03%	flat	6q	+14.0%+$46.9K
EMERSON ELEC CO	EMR	$381.5K	2,416	0.03%	-0.01pp	2q	-20.0%-$95.5K
VANGUARD WHITEHALL FDS	VYM	$375.7K	2,421	0.03%	-0.02pp	2q	-17.5%-$79.8K
S&P GLOBAL INC	SPGI	$372.9K	941	0.03%	flat	6q	+31.2%+$88.8K
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$371.2K	1,926	0.03%	+0.01pp	2q	+140.4%+$216.8K
MARATHON PETE CORP	MPC	$370.9K	929	0.03%	+0.01pp	3q	+11.0%+$36.7K
SCHWAB STRATEGIC TR	SCHD	$367.9K	11,249	0.03%	flat	2q	+15.9%+$50.5K
UNITED PARCEL SVCS INC	UPS	$361.2K	3,860	0.03%	-0.01pp	9q	+14.7%+$46.2K
CAPITAL ONE FINL CORP	COF	$360.4K	1,860	0.03%	-0.01pp	6q	+6.1%+$20.7K
LUMENTUM HLDGS INC	LITE	$359.3K	374	0.03%	flat	3q	+24.3%+$70.1K
NEWMONT CORP	NEM	$355.0K	3,064	0.03%	flat	4q	-0.7%-$2.4K
ACCENTURE PLC IRELAND	ACN	$353.6K	1,941	0.03%	flat	12q	-11.3%-$45.0K
VANGUARD BD INDEX FDS	BND	$353.4K	5,029	0.03%	-0.01pp	14q	HELD
MEDTRONIC PLC	MDT	$352.8K	4,078	0.03%	flat	6q	+4.8%+$16.0K
BLOOM ENERGY CORP	BE	$351.2K	1,257	0.03%	-0.01pp	2q	+7.1%+$23.2K
ISHARES TR	HYG	$351.2K	4,536	0.03%	-0.01pp	2q	-2.4%-$8.5K
CHUBB LIMITED	CB	$349.7K	1,073	0.03%	-0.01pp	4q	-1.8%-$6.5K
AIRBNB INC	ABNB	$349.7K	2,183	0.03%	flat	4q	-3.0%-$10.9K
ATMOS ENERGY CORP	ATO	$348.7K	2,213	0.03%	flat	3q	+34.9%+$90.3K
ILLUMINA INC	ILMN	$346.9K	1,267	0.03%	flat	2q	-14.9%-$60.5K
VANECK ETF TRUST	BIZD	$345.7K	26,611	0.03%	-0.01pp	6q	-4.0%-$14.3K
ELEVANCE HEALTH INC FORMERLY	ELV	$345.6K	890	0.03%	flat	3q	+22.1%+$62.5K
INTERNATIONAL PAPER CO	IP	$344.9K	10,353	0.03%	+0.01pp	2q	+97.5%+$170.3K
ASML HLDG NV	ASML	$343.8K	189	0.03%	-0.01pp	2q	+7.4%+$23.6K
ISHARES TR	DIVB	$342.6K	5,270	0.03%	-	new	NEW
NORTHROP GRUMMAN CORP	NOC	$341.9K	701	0.03%	flat	6q	+25.4%+$69.3K
ISHARES BITCOIN TRUST ETF	IBIT	$341.2K	7,192	0.03%	flat	6q	-5.8%-$21.1K
VERTIV HOLDINGS CO	VRT	$340.9K	1,406	0.03%	-0.03pp	3q	-18.5%-$77.3K
ROPER TECHNOLOGIES INC	ROP	$330.8K	943	0.03%	flat	6q	+9.8%+$29.5K
HCA Healthcare, Inc.	HCA	$326.6K	759	0.03%	flat	2q	+2.2%+$6.9K
ISHARES TR	IWB	$325.3K	782	0.03%	-0.02pp	5q	-26.5%-$117.3K
REINSURANCE GROUP AMER INC	RGA	$317.6K	1,271	0.03%	flat	3q	+1.0%+$3.0K
NEBIUS GROUP N.V.	NBIS	$315.8K	1,305	0.03%	-0.03pp	2q	-32.4%-$151.5K
POWELL INDS INC	POWL	$313.4K	1,682	0.03%	-0.03pp	2q	-9.7%-$33.5K
FREEPORT-MCMORAN INC	FCX	$313.1K	4,463	0.03%	flat	4q	+4.9%+$14.5K
NUCOR CORP	NUE	$312.8K	1,327	0.03%	flat	6q	+10.6%+$29.9K
SPDR SERIES TRUST	SPTI	$311.1K	11,390	0.03%	flat	4q	+18.3%+$48.2K
HUNT J B TRANS SVCS INC	JBHT	$309.0K	1,379	0.03%	-0.02pp	4q	HELD
EMCOR GROUP INC	EME	$308.8K	409	0.03%	-0.01pp	3q	-6.8%-$22.7K
SYNOPSYS INC	SNPS	$307.7K	714	0.03%	flat	2q	+18.4%+$47.8K
FIRST TR EXCHNG TRADED FD VI	FAUG	$303.9K	5,254	0.03%	-0.01pp	5q	HELD
INVESCO EXCH TRADED FD TR II	QQQM	$301.8K	990	0.03%	flat	2q	+16.3%+$42.4K
EXPEDIA GROUP INC	EXPE	$299.3K	1,137	0.03%	flat	5q	+17.2%+$44.0K
OMNICOM GROUP INC	OMC	$298.3K	4,037	0.03%	-	new	NEW
VERTEX PHARMACEUTICALS INC	VRTX	$298.2K	568	0.03%	-0.01pp	6q	-23.0%-$89.3K
ILLINOIS TOOL WKS INC	ITW	$296.4K	1,126	0.03%	flat	6q	+24.3%+$57.9K
SPDR SERIES TRUST	SPYD	$290.5K	6,352	0.03%	flat	2q	+19.5%+$47.4K
MEDPACE HLDGS INC	MEDP	$289.6K	464	0.03%	flat	2q	+8.4%+$22.5K
ENTERPRISE PRODS PARTNERS L	EPD	$288.9K	8,112	0.03%	-0.01pp	9q	HELD
HONEYWELL AEROSPACE INC	HONA	$288.5K	1,850	0.03%	-0.02pp	2q	-5.0%-$15.1K
SOUTHERN COPPER CORP	SCCO	$287.6K	1,418	0.03%	flat	2q	+0.6%+$1.8K
BLACKSTONE INC	BX	$284.7K	2,510	0.03%	-0.04pp	6q	-53.2%-$323.1K
STATE STR SPDR S&P MIDCAP 40	MDY	$284.3K	431	0.03%	-0.01pp	6q	HELD
AUTOMATIC DATA PROCESSING IN	ADP	$281.1K	1,075	0.03%	-	new	NEW
WP CAREY INC	WPC	$279.7K	4,305	0.02%	-0.01pp	3q	+4.8%+$12.8K
SCHWAB STRATEGIC TR	FNDE	$278.3K	6,647	0.02%	flat	2q	+6.3%+$16.5K
PAYCHEX INC	PAYX	$275.2K	2,771	0.02%	flat	3q	+19.9%+$45.6K
DISNEY WALT CO	DIS	$274.7K	2,611	0.02%	-	new	NEW
SNOWFLAKE INC	SNOW	$274.7K	812	0.02%	flat	6q	+2.0%+$5.4K
TARGA RES CORP	TRGP	$273.6K	999	0.02%	-0.01pp	2q	-13.2%-$41.6K
TERADYNE INC	TER	$273.0K	681	0.02%	-0.01pp	3q	-0.6%-$1.6K
SCHWAB STRATEGIC TR	FNDF	$269.6K	5,016	0.02%	-	new	NEW
UNITED AIRLS HLDGS INC	UAL	$268.9K	2,426	0.02%	-0.01pp	6q	-2.0%-$5.5K
HARTFORD FDS EXCHANGE TRADED	HMOP	$268.6K	7,290	0.02%	-	new	NEW
FIRST TR EXCHANGE TRADED FD	CIBR	$266.6K	2,585	0.02%	-0.08pp	4q	-74.4%-$776.2K
TRAVELERS COMPANIES INC	TRV	$265.9K	743	0.02%	flat	3q	-4.0%-$11.1K
KIMBELL RTY PARTNERS LP	KRP	$263.5K	18,264	0.02%	flat	4q	+5.7%+$14.3K
FIRST TR EXCHNG TRADED FD VI	FAPR	$263.4K	5,509	0.02%	flat	5q	HELD
UNILEVER PLC	UL	$263.1K	4,266	0.02%	flat	3q	+15.3%+$34.8K
ROSS STORES INC	ROST	$258.6K	1,105	0.02%	flat	3q	-7.2%-$20.1K
WELLTOWER INC	WELL	$257.6K	1,116	0.02%	-0.01pp	2q	-6.0%-$16.4K
AIR PRODUCTS AND CHEMICALS I	APD	$255.8K	912	0.02%	-	new	NEW
CHENIERE ENERGY INC	LNG	$255.5K	950	0.02%	-0.01pp	3q	-22.3%-$73.4K
AMERICAN CENTY ETF TR	AVES	$254.0K	3,900	0.02%	-	new	NEW
SYSCO CORP	SYY	$253.7K	3,241	0.02%	-0.01pp	2q	-5.3%-$14.1K
STERLING INFRASTRUCTURE INC	STRL	$253.6K	508	0.02%	flat	2q	+80.1%+$112.8K
ISHARES TR	AGG	$250.1K	2,642	0.02%	-0.02pp	4q	-23.8%-$78.0K
SELECT SECTOR SPDR TR	XLU	$248.6K	6,277	0.02%	-0.01pp	3q	+0.9%+$2.2K
HOWMET AEROSPACE INC	HWM	$247.9K	1,096	0.02%	-0.01pp	2q	+16.5%+$35.1K
FS KKR CAP CORP	FSK	$246.2K	22,152	0.02%	flat	6q	+2.0%+$4.8K
ISHARES TR	EFV	$244.0K	3,064	0.02%	flat	2q	+1.2%+$2.9K
FIDELITY COVINGTON TRUST	FDHY	$243.6K	5,100	0.02%	-0.01pp	2q	HELD
ADOBE INC	ADBE	$242.4K	1,016	0.02%	flat	6q	-4.9%-$12.4K
NXP SEMICONDUCTORS N V	NXPI	$241.5K	1,024	0.02%	flat	2q	+26.1%+$50.0K
ON SEMICONDUCTOR CORP	ON	$240.2K	3,123	0.02%	-0.01pp	2q	+4.0%+$9.3K
ISHARES TR	IVLU	$238.9K	5,535	0.02%	flat	4q	HELD
FRANKLIN TEMPLETON ETF TR	FLMI	$237.7K	10,194	0.02%	-	new	NEW
T MOBILE US INC	TMUS	$235.6K	1,443	0.02%	-	new	NEW
CULLEN FROST BANKERS INC	CFR	$234.3K	1,522	0.02%	-0.04pp	6q	-56.3%-$301.7K
FEDEX CORP	FDX	$234.1K	821	0.02%	-0.01pp	4q	-11.3%-$29.9K
WILLIAMS COS INC	WMB	$232.7K	3,399	0.02%	-0.04pp	3q	-51.1%-$243.3K
VANGUARD WORLD FD	VGT	$232.1K	1,841	0.02%	flat	2q	-5.6%-$13.7K
VANGUARD INDEX FDS	VUG	$231.6K	2,557	0.02%	-0.01pp	3q	-25.8%-$80.7K
DOLLAR GEN CORP	DG	$230.8K	1,901	0.02%	flat	5q	+2.9%+$6.4K
US BANCORP	USB	$230.4K	3,982	0.02%	flat	3q	+3.5%+$7.7K
UNITED RENTALS INC	URI	$228.9K	228	0.02%	-0.01pp	2q	+5.1%+$11.0K
GSK PLC	GSK	$227.5K	4,666	0.02%	-0.01pp	3q	+5.3%+$11.4K
ISHARES TR	MBB	$227.4K	2,537	0.02%	-0.01pp	2q	-2.8%-$6.5K
EQT Corp	EQT	$227.1K	4,675	0.02%	-0.01pp	8q	+3.1%+$6.9K
INCYTE CORP	INCY	$226.9K	1,869	0.02%	flat	2q	HELD
J P MORGAN EXCHANGE TRADED F	JMST	$224.6K	4,441	0.02%	flat	2q	+2.7%+$5.9K
AGILENT TECHNOLOGIES INC	A	$223.6K	1,296	0.02%	-	new	NEW
ATLASSIAN CORPORATION	TEAM	$222.7K	1,242	0.02%	-	new	NEW
EXELON CORP	EXC	$222.0K	5,444	0.02%	-0.01pp	2q	+5.7%+$12.1K
GLOBAL X FDS	CLOU	$221.6K	7,778	0.02%	-	new	NEW
JANUS DETROIT STR TR	JAAA	$220.6K	4,371	0.02%	-	new	NEW
EVERSOURCE ENERGY	ES	$219.7K	3,422	0.02%	-0.01pp	2q	-7.2%-$17.0K
ISHARES TR	SOXX	$219.4K	386	0.02%	flat	2q	+14.9%+$28.4K
DATADOG INC	DDOG	$218.2K	798	0.02%	flat	2q	-9.7%-$23.5K
SPDR SERIES TRUST	XOP	$214.9K	1,194	0.02%	-	new	NEW
VERISIGN INC	VRSN	$214.3K	760	0.02%	flat	4q	-4.6%-$10.4K
DEVON ENERGY CORP NEW	DVN	$213.2K	4,592	0.02%	flat	2q	-11.0%-$26.3K
CARRIER GLOBAL CORPORATION	CARR	$213.0K	3,851	0.02%	-0.01pp	2q	+23.4%+$40.4K
BLACKROCK ETF TRUST	THRO	$211.8K	4,790	0.02%	-	new	NEW
VANGUARD TAX-MANAGED FDS	VEA	$211.6K	2,980	0.02%	-0.01pp	3q	-21.4%-$57.4K
OCCIDENTAL PETE CORP	OXY	$210.0K	3,802	0.02%	-	new	NEW
NOVARTIS AG	NVS	$209.3K	1,455	0.02%	flat	2q	+9.8%+$18.7K
EQUINIX INC	EQIX	$208.4K	206	0.02%	flat	3q	+1.0%+$2.0K
XCEL ENERGY INC	XEL	$205.6K	2,895	0.02%	-0.01pp	2q	+4.9%+$9.5K
EXELIXIS INC	EXEL	$205.5K	3,519	0.02%	-	new	NEW
VULCAN MATLS CO	VMC	$205.2K	841	0.02%	-0.01pp	6q	-6.0%-$13.2K
DEERE CO	DE	$202.5K	300	0.02%	-	new	NEW
PAR PAC HOLDINGS INC	PARR	$202.0K	2,500	0.02%	-	new	NEW
ISHARES TR	IHF	$201.0K	3,663	0.02%	-	new	NEW
CORNING INC	GLW	$200.4K	1,304	0.02%	-0.01pp	3q	+20.1%+$33.5K
IOVANCE BIOTHERAPEUTICS INC	IOVA	$142.8K	10,011	0.01%	+0.01pp	3q	HELD
PG&E CORP	PCG	$138.1K	11,270	0.01%	-0.02pp	5q	-36.8%-$80.4K
CNH INDL N V	CNH	$136.4K	10,554	0.01%	flat	3q	+0.8%+$1.0K
NUSCALE PWR CORP	SMR	$95.7K	12,113	0.01%	flat	2q	+0.6%
PALLADYNE AI CORP	PDYN	$83.0K	15,795	0.01%	-0.01pp	2q	-50.0%-$83.0K
AMBEV SA	ABEV	$31.3K	10,736	0.00%	flat	3q	-4.3%-$1.4K

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
Semiconductors & Electronics	$122.8M	10.9%
Software & IT Services	$102.0M	9.1%
Computer Hardware	$49.7M	4.4%
Retail & Consumer	$48.4M	4.3%
Biotech & Pharma	$47.5M	4.2%
Energy	$25.6M	2.3%
Funds & ETFs	$23.8M	2.1%
Capital Markets	$19.7M	1.8%
Food, Drink & Tobacco	$18.6M	1.7%
Autos & Aerospace	$18.3M	1.6%
Insurance	$17.8M	1.6%
Other sectors	$97.9M	8.7%
Not classified	$529.7M	47.2%

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%	100%
Q2 2026	+10.4%	+14.8%	-4.5%	101%
Q1 2026	-1.4%	-4.6%	+3.2%	99%
Q4 2025	+2.2%	+2.4%	-0.2%	100%
Q3 2025	+6.5%	+7.8%	-1.4%	114%
Q2 2025	+11.5%	+10.5%	+1.1%	105%
Q1 2025	-3.5%	-4.6%	+1.0%	97%
Q4 2024	+0.8%	+2.1%	-1.3%	101%

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	$1.1B	358	32	196	106	45	32.2%	22
Q2 2026	$914.3M	371	75	194	81	19	29.8%	35
Q1 2026	$755.0M	315	55	156	87	26	30.1%	31
Q4 2025	$744.5M	286	50	91	129	34	32.2%	42
Q3 2025	$821.7M	270	34	96	127	21	33.8%	31
Q2 2025	$763.2M	257	174	72	10	5	33.8%	46
Q1 2025	$168.8M	88	8	15	63	142	52.7%	23
Q4 2024	$636.4M	222	30	80	92	32	35.0%	24
Q3 2024	$604.9M	224	29	110	53	14	33.8%	21
Q2 2024	$547.6M	209	30	102	50	13	34.9%	18
Q1 2024	$429.2M	192	17	53	90	20	34.1%	17
Q4 2023	$464.9M	195	51	80	54	13	34.1%	18
Q3 2023	$408.3M	157	8	75	59	34	45.2%	38
Q2 2023	$407.3M	183	17	74	75	36	36.8%	12
Q1 2023	$386.1M	202	25	66	92	10	34.9%	33
Q4 2022	$378.0M	187	24	73	77	26	35.9%	26
Q3 2022	$305.8M	189	26	70	60	16	31.3%	28
Q2 2022	$338.2M	179	18	55	86	31	37.8%	18
Q1 2022	$425.6M	192	44	119	18	27	40.4%	43
Q4 2021	$360.4M	175	22	106	37	17	42.0%	19
Q3 2021	$287.1M	170	28	37	86	20	45.5%	12
Q2 2021	$293.9M	162	17	29	97	48	44.7%	13
Q1 2021	$378.3M	193	50	91	47	10	45.4%	15
Q4 2020	$278.7M	153	23	77	39	7	45.8%	13
Q3 2020	$245.2M	137	29	65	33	25	50.8%	9
Q2 2020	$206.8M	133	50	62	19	11	48.4%	8
Q1 2020	$145.1M	94	0	0	0	0	55.3%	37

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.