DaveManuel.com · Institutional Ownership · 13F Holdings
Alhambra Investment Management LLC
Reported holdings as of Q3 2026, from 28 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $17.5M | 52,505 | +0.80pp | 28q | HELD | |
| SCHWAB STRATEGIC TR | FNDX | $12.4M | 392,445 | -0.08pp | 11q | -0.5%-$65.1K | |
| ISHARES TR | DGRO | $7.9M | 105,124 | -0.07pp | 28q | +0.8%+$60.9K | |
| ISHARES TR | STIP | $7.5M | 75,700 | -0.16pp | 10q | HELD | |
| SPDR SERIES TRUST | BIL | $6.3M | 68,609 | +2.44pp | 15q | +1035.2%+$5.7M | |
| ALPHABET INC | GOOGL | $6.3M | 18,190 | -0.19pp | 28q | -0.8%-$48.5K | |
| ISHARES TR | AGG | $6.2M | 65,241 | +1.41pp | 25q | +130.9%+$3.5M | |
| SCHWAB STRATEGIC TR | FNDF | $5.9M | 109,160 | +0.06pp | 11q | +2.7%+$155.3K | |
| VANGUARD SCOTTSDALE FDS | VGSH | $5.6M | 96,528 | -0.10pp | 16q | -0.9%-$48.5K | |
| ISHARES TR | IJH | $5.2M | 72,039 | +0.16pp | 13q | +18.0%+$791.7K | |
| VANGUARD SCOTTSDALE FDS | VGIT | $5.1M | 90,750 | -0.11pp | 16q | +1.3%+$65.7K | |
| COSTCO WHOLESALE CORPORATION | COST | $5.1M | 5,558 | -0.16pp | 28q | -2.2%-$112.0K | |
| ISHARES TR | REET | $4.8M | 185,933 | -0.17pp | 16q | +1.1%+$51.1K | |
| ALPHABET INC | GOOG | $4.8M | 14,047 | -0.13pp | 28q | HELD | |
| VANGUARD INDEX FDS | VBR | $4.8M | 20,627 | +0.06pp | 16q | +10.7%+$461.6K | |
| VANGUARD INDEX FDS | VNQ | $4.5M | 49,773 | -0.17pp | 16q | +1.1%+$47.7K | |
| ISHARES TR | SUB | $3.8M | 35,916 | -0.06pp | 22q | HELD | |
| MICROSOFT CORP | MSFT | $3.7M | 7,266 | +0.40pp | 28q | -0.8%-$30.3K | |
| ISHARES GOLD TR | IAU | $3.6M | 46,624 | +0.26pp | 22q | +19.1%+$584.6K | |
| VANGUARD STAR FDS | VXUS | $3.4M | 40,594 | -0.05pp | 9q | -0.6%-$20.2K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.8M | 5,545 | -0.04pp | 23q | -0.8%-$23.4K | |
| CISCO SYS INC | CSCO | $2.6M | 24,084 | -0.14pp | 28q | -1.3%-$33.8K | |
| VANGUARD SCOTTSDALE FDS | BNDW | $2.4M | 35,834 | -1.60pp | 16q | -58.8%-$3.4M | |
| JOHNSON & JOHNSON | JNJ | $2.3M | 8,668 | +0.01pp | 28q | HELD | |
| JPMORGAN CHASE & CO | JPM | $2.2M | 6,572 | -0.02pp | 28q | -0.6%-$12.9K | |
| QUALCOMM INC | QCOM | $1.8M | 10,034 | -0.01pp | 25q | +1.6%+$29.6K | |
| ISHARES U S ETF TR | COMT | $1.8M | 50,059 | +0.16pp | 10q | +5.9%+$102.1K | |
| ISHARES TR | MUB | $1.8M | 18,153 | -0.06pp | 20q | +1.0%+$19.0K | |
| INTUITIVE SURGICAL INC | ISRG | $1.8M | 4,500 | flat | 23q | HELD | |
| AMGEN INC | AMGN | $1.8M | 4,320 | +0.09pp | 28q | HELD | |
| VISA INC | V | $1.7M | 4,803 | +0.02pp | 28q | HELD | |
| HOME DEPOT INC | HD | $1.7M | 5,873 | -0.19pp | 28q | HELD | |
| CHEVRON CORPORATION | CVX | $1.6M | 8,012 | +0.17pp | 15q | +10.1%+$149.7K | |
| PEPSICO INC | PEP | $1.6M | 12,393 | -0.05pp | 28q | +1.3%+$19.9K | |
| AMERICAN CENTY ETF TR | AVDV | $1.5M | 14,044 | - | new | NEW | |
| AMAZON COM INC | AMZN | $1.5M | 5,843 | +0.02pp | 27q | +0.8%+$11.2K | |
| USCF ETF TR | SDCI | $1.5M | 46,615 | +0.12pp | 4q | +7.1%+$95.9K | |
| MERCK & CO INC | MRK | $1.5M | 10,000 | +0.05pp | 28q | -1.1%-$16.3K | |
| ABRDN ETFS | BCD | $1.4M | 35,544 | +0.09pp | 4q | +6.5%+$83.2K | |
| VANGUARD MUN BD FDS | VTEB | $1.3M | 28,294 | -0.04pp | 10q | +1.7%+$22.6K | |
| NEXTERA ENERGY INC | NEE | $1.3M | 17,654 | -0.10pp | 28q | HELD | |
| GE AEROSPACE | GE | $1.3M | 4,184 | -0.13pp | 21q | -0.9%-$11.2K | |
| PNC FINL SVCS GROUP INC | PNC | $1.2M | 5,609 | -0.08pp | 28q | -1.9%-$23.8K | |
| RTX CORPORATION | RTX | $1.2M | 6,679 | -0.03pp | 26q | HELD | |
| ELI LILLY & CO | LLY | $1.2M | 1,062 | -0.03pp | 14q | HELD | |
| ABRDN PLATINUM ETF TRUST | PPLT | $1.2M | 78,629 | +0.23pp | 6q | +71.4%+$504.9K | |
| COCA COLA CO | KO | $1.2M | 13,738 | +0.02pp | 28q | HELD | |
| AMERICAN EXPRESS CO | AXP | $1.2M | 3,830 | -0.07pp | 28q | HELD | |
| VANGUARD WELLINGTON FD | VTES | $1.2M | 11,700 | -0.02pp | 8q | HELD | |
| TELEPHONE DATA SYSTEM INC | TDS | $1.2M | 34,000 | -0.06pp | 23q | HELD | |
| GARMIN LTD | GRMN | $1.1M | 4,007 | +0.07pp | 28q | -1.1%-$12.6K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.1M | 7,032 | - | new | NEW | |
| TJX COS INC NEW | TJX | $1.1M | 8,392 | -0.08pp | 23q | HELD | |
| ABRDN PALLADIUM ETF TRUST | PALL | $1.1M | 50,805 | +0.17pp | 6q | +62.4%+$425.6K | |
| PARKER HANNIFIN CORP | PH | $1.1M | 1,131 | -0.03pp | 28q | -2.3%-$25.8K | |
| MICRON TECHNOLOGY INC | MU | $1.1M | 996 | -0.05pp | 5q | -0.8%-$8.5K | |
| SONY GROUP CORP | SONY | $1.1M | 45,027 | +0.06pp | 10q | HELD | |
| WALMART INC | WMT | $1.0M | 9,963 | -0.07pp | 28q | -3.3%-$35.3K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $1.0M | 3,901 | +0.04pp | 28q | -3.1%-$32.5K | |
| ACCENTURE PLC IRELAND | ACN | $887.7K | 4,841 | +0.15pp | 28q | +14.6%+$113.1K | |
| SHELL PLC | SHEL | $886.4K | 9,326 | +0.05pp | 19q | -4.9%-$46.1K | |
| ISHARES TR | SHY | $865.6K | 10,660 | +0.01pp | 28q | +5.0%+$41.0K | |
| META PLATFORMS INC | META | $854.3K | 1,178 | +0.07pp | 15q | -0.8%-$6.5K | |
| PROCTER & GAMBLE CO | PG | $849.3K | 5,846 | -0.01pp | 23q | +1.1%+$9.3K | |
| DISNEY WALT CO | DIS | $836.4K | 7,974 | +0.09pp | 28q | +25.7%+$171.1K | |
| LAM RESEARCH CORP | LRCX | $805.2K | 2,451 | -0.19pp | 8q | -13.6%-$126.8K | |
| VANGUARD BD INDEX FDS | BSV | $798.7K | 10,454 | flat | 28q | +3.8%+$29.6K | |
| TRAVELERS COMPANIES INC | TRV | $766.5K | 2,150 | flat | 23q | -4.4%-$35.7K | |
| ABBVIE INC | ABBV | $764.2K | 2,922 | +0.01pp | 26q | HELD | |
| NETFLIX INC. | NFLX | $759.0K | 10,909 | -0.01pp | 12q | +2.1%+$15.7K | |
| NOVARTIS AG | NVS | $758.0K | 5,317 | -0.04pp | 23q | HELD | |
| DANAHER CORP DEL | DHR | $742.0K | 3,349 | +0.04pp | 28q | HELD | |
| MCDONALDS CORP | MCD | $736.7K | 3,190 | -0.07pp | 28q | -2.3%-$17.3K | |
| INVESCO ACTVELY MNGD ETC FD | PDBC | $735.5K | 38,108 | -0.27pp | 21q | -55.0%-$899.7K | |
| ORACLE CORP | ORCL | $724.7K | 5,278 | -0.02pp | 28q | +1.6%+$11.7K | |
| ISHARES TR | IJR | $716.2K | 5,265 | -0.04pp | 28q | -1.0%-$7.2K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $704.8K | 1,545 | -0.02pp | 10q | HELD | |
| KLA CORP | KLAC | $698.8K | 3,585 | -0.18pp | 12q | -0.8%-$5.7K | |
| NVIDIA CORPORATION | NVDA | $683.3K | 2,992 | +0.02pp | 10q | -3.3%-$23.5K | |
| GLOBAL X FDS | AIQ | $682.3K | 10,471 | -0.01pp | 15q | -0.7%-$4.5K | |
| SPDR GOLD TR | GLD | $675.6K | 1,774 | +0.01pp | 25q | +3.1%+$20.2K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $658.2K | 975 | +0.07pp | 28q | HELD | |
| BANK OF NY MELLON CORP | BNY | $656.6K | 4,540 | -0.02pp | 28q | -5.6%-$39.1K | |
| NORTHROP GRUMMAN CORP | NOC | $627.6K | 1,298 | -0.02pp | 28q | HELD | |
| TARGET CORP | TGT | $616.6K | 3,935 | +0.04pp | 28q | HELD | |
| EATON CORP PLC | ETN | $601.6K | 1,400 | -0.02pp | 28q | -5.1%-$32.2K | |
| ASTRAZENECA PLC | AZN | $596.6K | 3,695 | +0.02pp | 3q | +30.1%+$138.1K | |
| CARLISLE COS INC | CSL | $587.3K | 1,823 | -0.04pp | 28q | HELD | |
| STRYKER CORPORATION | SYK | $570.7K | 2,072 | -0.02pp | 28q | +6.9%+$36.6K | |
| THE CIGNA GROUP | CI | $563.5K | 2,073 | -0.01pp | 23q | HELD | |
| CINTAS CORP | CTAS | $550.1K | 2,820 | +0.03pp | 26q | HELD | |
| YUM! BRANDS INC | YUM | $537.0K | 3,939 | -0.05pp | 28q | -1.3%-$6.8K | |
| APPLIED MATLS INC | AMAT | $522.1K | 1,021 | -0.14pp | 8q | -10.6%-$61.9K | |
| DEERE CO | DE | $518.7K | 772 | +0.01pp | 23q | HELD | |
| nan | MELI | $511.6K | 296 | flat | 2q | HELD | |
| AMPLIFY ETF TR | HACK | $505.9K | 4,173 | +0.02pp | 11q | HELD | |
| FORTINET INC | FTNT | $492.3K | 2,754 | +0.03pp | 2q | HELD | |
| PROLOGIS INC. | PLD | $485.9K | 3,742 | -0.01pp | 28q | HELD | |
| TORONTO DOMINION BK ONT | TD | $482.0K | 4,101 | -0.01pp | 28q | HELD | |
| LOWES COS INC | LOW | $479.2K | 2,600 | -0.05pp | 28q | HELD | |
| REPUBLIC SVCS INC | RSG | $469.5K | 2,237 | -0.01pp | 25q | HELD | |
| HERSHEY CO | HSY | $469.0K | 2,976 | -0.04pp | 9q | -4.6%-$22.5K | |
| AFLAC INC | AFL | $453.0K | 4,053 | -0.02pp | 12q | -1.5%-$7.0K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $449.4K | 7,203 | +0.01pp | 28q | HELD | |
| ALLEGION PLC | ALLE | $445.6K | 2,898 | +0.03pp | 23q | +10.1%+$40.7K | |
| BANK OF AMER CORP | BAC | $437.0K | 8,029 | -0.02pp | 12q | -1.6%-$7.2K | |
| S&P GLOBAL INC | SPGI | $431.6K | 1,094 | flat | 4q | +4.4%+$18.1K | |
| INCYTE CORP | INCY | $431.2K | 3,553 | +0.01pp | 4q | -1.3%-$5.5K | |
| J P MORGAN EXCHANGE TRADED F | JPST | $419.5K | 8,328 | -0.03pp | 25q | -11.0%-$52.1K | |
| ABBOTT LABORATORIES | ABT | $416.3K | 4,212 | +0.04pp | 28q | +21.7%+$74.1K | |
| MID-AMER APT CMNTYS INC | MAA | $412.1K | 3,500 | -0.04pp | 12q | -0.8%-$3.5K | |
| STARBUCKS CORP | SBUX | $406.8K | 4,330 | -0.02pp | 28q | HELD | |
| NORDSON CORP | NDSN | $394.4K | 1,203 | +0.01pp | 6q | -0.7%-$2.6K | |
| CSX CORP | CSX | $388.4K | 8,350 | -0.01pp | 26q | HELD | |
| COLGATE PALMOLIVE CO | CL | $376.7K | 4,415 | -0.02pp | 28q | HELD | |
| TIDEWATER INC NEW | TDW | $361.5K | 4,458 | +0.02pp | 6q | -1.1%-$4.1K | |
| ISHARES TR | IYR | $359.5K | 3,783 | -0.04pp | 28q | -11.4%-$46.4K | |
| TKO GROUP HOLDINGS INC | TKO | $359.4K | 2,000 | -0.02pp | 10q | HELD | |
| COCA-COLA FEMSA SAB DE CV | KOF | $357.6K | 3,310 | flat | 17q | HELD | |
| FACTSET RESH SYS INC | FDS | $357.4K | 1,324 | +0.02pp | 28q | HELD | |
| AMERICAN ELEC PWR CO INC | AEP | $352.4K | 2,970 | -0.03pp | 10q | -0.5%-$1.9K | |
| 3M CO | MMM | $351.0K | 2,138 | flat | 10q | HELD | |
| CORNING INC | GLW | $341.6K | 2,221 | -0.10pp | 3q | HELD | |
| ISHARES TR | IVV | $341.6K | 446 | flat | 28q | +2.8%+$9.2K | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $335.9K | 5,138 | +0.01pp | 15q | +8.0%+$24.8K | |
| KINDER MORGAN INC DEL | KMI | $318.9K | 10,576 | -0.01pp | 11q | HELD | |
| CIRRUS LOGIC INC | CRUS | $318.5K | 2,655 | -0.04pp | 8q | -2.9%-$9.6K | |
| DIAGEO PLC | DEO | $317.9K | 3,714 | +0.01pp | 23q | +1.1%+$3.3K | |
| AUTODESK INC | ADSK | $312.9K | 1,497 | -0.01pp | 12q | -9.2%-$31.6K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $312.4K | 1,502 | -0.01pp | 7q | HELD | |
| WILLIS TOWERS WATSON PLC LTD | WTW | $308.9K | 1,072 | +0.01pp | 26q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $305.9K | 500 | flat | 2q | HELD | |
| GILEAD SCIENCES INC | GILD | $300.9K | 2,019 | +0.01pp | 5q | -2.3%-$7.2K | |
| ISHARES TR | ACWI | $295.3K | 1,860 | flat | 26q | HELD | |
| UNILEVER PLC | UL | $288.8K | 4,756 | flat | 4q | HELD | |
| ADOBE INC | ADBE | $286.5K | 1,194 | +0.02pp | 28q | +0.8%+$2.4K | |
| SS&C TECH HLDGS | SSNC | $285.9K | 3,710 | +0.03pp | 8q | +5.2%+$14.1K | |
| VEEVA SYS INC | VEEV | $285.4K | 1,000 | - | new | NEW | |
| ISHARES TR | TIP | $283.6K | 2,726 | -0.01pp | 28q | -3.5%-$10.4K | |
| WEC ENERGY GROUP INC | WEC | $279.0K | 2,768 | -0.02pp | 28q | HELD | |
| BLACKROCK INC | BLK | $278.3K | 263 | +0.01pp | 8q | HELD | |
| GENERAL DYNAMICS CORP | GD | $274.8K | 828 | -0.01pp | 6q | HELD | |
| SNAP ON INC | SNA | $269.6K | 742 | -0.02pp | 5q | -0.8%-$2.2K | |
| MEDTRONIC PLC | MDT | $268.5K | 3,112 | +0.02pp | 6q | +7.9%+$19.8K | |
| CAPITAL ONE FINL CORP | COF | $265.3K | 1,374 | -0.01pp | 11q | HELD | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $264.7K | 4,609 | - | new | NEW | |
| PFIZER INC | PFE | $264.1K | 9,260 | +0.02pp | 28q | HELD | |
| AMBEV SA | ABEV | $263.6K | 90,270 | -0.01pp | 6q | -0.7%-$1.9K | |
| VERIZON COMMUNICATIONS INC | VZ | $263.0K | 5,734 | +0.01pp | 28q | HELD | |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $260.8K | 3,549 | -0.02pp | 3q | +0.9%+$2.2K | |
| ISHARES TR | IEI | $258.1K | 2,275 | flat | 28q | +1.5%+$3.9K | |
| ISHARES TR | FLOT | $251.5K | 4,927 | flat | 3q | -2.0%-$5.1K | |
| VANGUARD INDEX FDS | VB | $248.6K | 874 | flat | 14q | +7.2%+$16.8K | |
| NETAPP INC | NTAP | $247.5K | 1,178 | - | new | NEW | |
| ENTERPRISE PRODS PARTNERS L | EPD | $246.4K | 6,920 | -0.01pp | 14q | HELD | |
| ASML HLDG NV | ASML | $246.4K | 136 | -0.02pp | 2q | -6.8%-$18.1K | |
| VANGUARD MALVERN FDS | VTIP | $244.3K | 4,964 | -0.04pp | 9q | -22.5%-$70.9K | |
| ISHARES TR | ITOT | $242.9K | 1,461 | +0.01pp | 2q | +6.6%+$15.0K | |
| NETSCOUT SYS INC | NTCT | $239.6K | 5,962 | -0.01pp | 2q | HELD | |
| GE VERNOVA INC | GEV | $237.6K | 250 | -0.03pp | 3q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSPT | $234.1K | 3,555 | flat | 2q | HELD | |
| ROSS STORES INC | ROST | $233.4K | 1,000 | +0.01pp | 3q | HELD | |
| SCHWAB STRATEGIC TR | SCHP | $233.3K | 9,282 | -0.01pp | 13q | HELD | |
| DYNATRACE INC | DT | $231.0K | 4,000 | - | new | NEW | |
| WISDOMTREE TR | DON | $227.1K | 4,209 | -0.01pp | 12q | -4.5%-$10.8K | |
| LEIDOS HOLDINGS INC | LDOS | $222.3K | 1,825 | - | new | NEW | |
| EAST WEST BANCORP INC | EWBC | $221.6K | 1,788 | -0.01pp | 4q | -0.9%-$2.1K | |
| ISHARES TR | EFG | $219.4K | 1,831 | -0.01pp | 6q | HELD | |
| THOMSON REUTERS CORP | TRI | $218.4K | 2,244 | - | new | NEW | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $217.3K | 1,349 | - | new | NEW | |
| SALESFORCE INC | CRM | $217.2K | 946 | - | new | NEW | |
| CARNIVAL CORP LTD | CCL | $215.3K | 8,773 | -0.02pp | 2q | -1.4%-$3.1K | |
| OKTA INC | OKTA | $209.1K | 1,000 | - | new | NEW | |
| ONTO INNOVATION INC | ONTO | $205.9K | 669 | -0.02pp | 2q | +1.4%+$2.8K | |
| FERRARI N V | RACE | $202.3K | 515 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLE | $202.0K | 3,285 | - | new | NEW | |
| ISHARES TR | SLQD | $201.9K | 4,081 | -0.01pp | 25q | -6.8%-$14.8K | |
| QUEST DIAGNOSTICS INC | DGX | $201.1K | 863 | - | new | NEW | |
| TELEFONICA BRASIL SA | VIV | $178.1K | 15,553 | flat | 6q | +24.1%+$34.6K | |
| GENWORTH FINL INC | GNW | $140.4K | 15,654 | flat | 12q | +2.4%+$3.3K | |
| UIPATH INC | PATH | $128.4K | 10,000 | +0.01pp | 2q | HELD | |
| T1 ENERGY INC | TE | $59.4K | 15,388 | -0.03pp | 2q | +14.9%+$7.7K | |
| PURECYCLE TECHNOLOGIES INC | PCT | $49.6K | 11,250 | -0.02pp | 3q | HELD | |
| PLAYBOY INC | PLBY | $18.7K | 18,212 | flat | 18q | 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 |
|---|---|---|
| Computer Hardware | $20.8M | 8.9% |
| Software & IT Services | $20.4M | 8.7% |
| Retail & Consumer | $13.9M | 5.9% |
| Biotech & Pharma | $10.8M | 4.6% |
| Semiconductors & Electronics | $8.1M | 3.5% |
| Capital Markets | $6.9M | 3.0% |
| Banks & Lending | $6.6M | 2.8% |
| Insurance | $5.0M | 2.1% |
| Food, Drink & Tobacco | $4.4M | 1.9% |
| Energy | $4.2M | 1.8% |
| Business Services | $4.2M | 1.8% |
| Industrials | $3.9M | 1.7% |
| Other sectors | $19.9M | 8.5% |
| Not classified | $105.0M | 44.8% |
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 | +0.0% | +2.1% | -2.1% | 100% |
| Q2 2026 | +6.5% | +14.8% | -8.3% | 100% |
| Q1 2026 | -0.1% | -4.6% | +4.6% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.6% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +3.6% | +10.5% | -6.9% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.2% | 100% |
| Q4 2024 | -1.1% | +2.1% | -3.3% | 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 | $234.3M | 184 | 14 | 48 | 55 | 12 | 34.4% | 15 |
| Q2 2026 | $229.1M | 182 | 14 | 41 | 92 | 8 | 34.0% | 16 |
| Q1 2026 | $216.6M | 176 | 9 | 54 | 54 | 8 | 33.2% | 15 |
| Q4 2025 | $215.0M | 175 | 12 | 42 | 59 | 15 | 32.9% | 15 |
| Q3 2025 | $210.6M | 178 | 11 | 47 | 70 | 13 | 32.2% | 15 |
| Q2 2025 | $201.7M | 180 | 20 | 59 | 47 | 3 | 31.2% | 15 |
| Q1 2025 | $194.1M | 163 | 7 | 43 | 58 | 10 | 34.8% | 15 |
| Q4 2024 | $195.0M | 166 | 11 | 45 | 51 | 19 | 33.4% | 15 |
| Q3 2024 | $192.8M | 174 | 14 | 50 | 42 | 9 | 31.2% | 15 |
| Q2 2024 | $182.6M | 169 | 20 | 36 | 59 | 12 | 31.8% | 15 |
| Q1 2024 | $182.9M | 161 | 17 | 43 | 56 | 16 | 33.9% | 15 |
| Q4 2023 | $168.5M | 160 | 20 | 38 | 50 | 3 | 35.1% | 17 |
| Q3 2023 | $151.9M | 143 | 11 | 28 | 49 | 15 | 35.9% | 17 |
| Q2 2023 | $151.5M | 147 | 13 | 29 | 39 | 9 | 35.8% | 14 |
| Q1 2023 | $145.6M | 143 | 7 | 38 | 33 | 8 | 35.7% | 18 |
| Q4 2022 | $137.3M | 144 | 16 | 19 | 52 | 8 | 34.0% | 19 |
| Q3 2022 | $131.5M | 136 | 4 | 45 | 24 | 8 | 36.9% | 13 |
| Q2 2022 | $138.2M | 140 | 1 | 45 | 52 | 12 | 36.3% | 15 |
| Q1 2022 | $151.1M | 151 | 13 | 52 | 33 | 14 | 36.0% | 19 |
| Q4 2021 | $143.0M | 152 | 9 | 39 | 51 | 3 | 32.4% | 21 |
| Q3 2021 | $130.9M | 146 | 7 | 31 | 40 | 6 | 31.5% | 19 |
| Q2 2021 | $133.2M | 145 | 10 | 52 | 27 | 8 | 34.5% | 15 |
| Q1 2021 | $124.0M | 143 | 28 | 69 | 34 | 7 | 33.3% | 16 |
| Q4 2020 | $93.8M | 122 | 10 | 31 | 32 | 2 | 34.7% | 42 |
| Q3 2020 | $83.2M | 114 | 19 | 50 | 26 | 10 | 36.7% | 48 |
| Q2 2020 | $76.2M | 105 | 23 | 44 | 22 | 3 | 43.4% | 45 |
| Q1 2020 | $61.0M | 85 | 4 | 23 | 40 | 36 | 47.9% | 30 |
| Q4 2019 | $86.9M | 117 | 0 | 0 | 0 | 0 | 37.0% | 41 |
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.