DaveManuel.com · Institutional Ownership · 13F Holdings

JB Capital LLC

Reported holdings as of Q3 2026, from 21 quarterly filings.

CIK

1879371

Reported value

$2.9B

Positions

269

Top 10 weight

56.4%

Filed

2026-10-19

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IVV	$507.0M	662,060	17.31%	+0.28pp	21q	+0.8%+$3.9M
ISHARES TR	IUSB	$190.7M	4,325,678	6.51%	+0.89pp	20q	+22.9%+$35.6M
ISHARES TR	IVW	$185.9M	1,306,993	6.35%	+0.18pp	14q	+0.9%+$1.6M
BLACKROCK ETF TRUST	DYNF	$173.8M	2,509,901	5.94%	-0.01pp	11q	-0.6%-$1.1M
ISHARES TR	IVE	$153.0M	670,210	5.22%	+0.01pp	11q	+1.1%+$1.6M
BLACKROCK ETF TRUST	CORO	$117.7M	3,238,008	4.02%	+1.82pp	2q	+86.8%+$54.7M
BLACKROCK ETF TRUST	BLCR	$91.0M	1,858,793	3.11%	+0.70pp	3q	+34.8%+$23.5M
ISHARES TR	ACWX	$86.5M	1,143,317	2.95%	+2.94pp	2q	+19410.5%+$86.0M
ISHARES TR	EFG	$73.9M	616,596	2.52%	-0.68pp	21q	-17.2%-$15.3M
BLACKROCK ETF TRUST	BAI	$73.0M	1,547,632	2.49%	-0.52pp	6q	-6.3%-$4.9M
ISHARES INC	IEMG	$60.2M	741,559	2.05%	-1.49pp	15q	-40.0%-$40.2M
ISHARES TR	EFV	$52.6M	665,024	1.80%	-0.03pp	21q	-3.8%-$2.1M
BLACKROCK ETF TRUST	THRO	$52.6M	1,195,674	1.80%	+0.03pp	6q	+1.1%+$547.2K
BLACKROCK ETF TRUST	IDEF	$50.6M	1,621,862	1.73%	-0.30pp	3q	-12.1%-$7.0M
APPLE INC	AAPL	$43.2M	129,609	1.47%	+0.13pp	21q	-3.3%-$1.5M
ISHARES TR	TLH	$36.4M	394,476	1.24%	-0.05pp	7q	+6.3%+$2.2M
ISHARES TR	GOVT	$35.0M	1,600,966	1.20%	-0.02pp	20q	+3.7%+$1.2M
BLACKROCK ETF TRUST	IALT	$33.3M	1,116,282	1.14%	+0.02pp	2q	-3.1%-$1.1M
QUALCOMM INC	QCOM	$33.3M	181,100	1.14%	+0.08pp	10q	+9.3%+$2.8M
BLACKROCK ETF TRUST II	GGOV	$29.1M	580,740	0.99%	+0.16pp	2q	+21.9%+$5.2M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$27.0M	59,230	0.92%	-0.06pp	16q	HELD
INVESCO QQQ TR	QQQ	$26.6M	35,916	0.91%	flat	19q	+1.0%+$267.1K
JPMORGAN CHASE & CO	JPM	$25.2M	76,200	0.86%	-0.01pp	21q	-1.1%-$292.1K
MERCK & CO INC	MRK	$25.2M	173,329	0.86%	+0.08pp	21q	-0.9%-$230.8K
JOHNSON & JOHNSON	JNJ	$23.9M	90,309	0.82%	+0.02pp	21q	HELD
BROADCOM INC	AVGO	$22.9M	65,319	0.78%	-0.08pp	21q	-0.9%-$219.8K
EMERSON ELEC CO	EMR	$22.2M	143,191	0.76%	+0.05pp	10q	+0.5%+$115.1K
PNC FINL SVCS GROUP INC	PNC	$21.6M	97,105	0.74%	-0.10pp	13q	-1.2%-$252.0K
NXP SEMICONDUCTORS N V	NXPI	$21.2M	89,206	0.72%	-0.14pp	14q	HELD
PROLOGIS INC.	PLD	$19.2M	147,821	0.66%	-0.03pp	17q	+1.0%+$184.4K
WALMART INC	WMT	$19.1M	183,909	0.65%	-0.06pp	21q	+1.6%+$294.5K
ASTRAZENECA PLC	AZN	$18.8M	116,375	0.64%	-0.11pp	2q	+1.2%+$218.0K
RTX CORPORATION	RTX	$17.6M	95,007	0.60%	flat	19q	+2.9%+$501.1K
PEPSICO INC	PEP	$17.0M	134,423	0.58%	-0.03pp	21q	+2.4%+$394.4K
NVIDIA CORPORATION	NVDA	$16.5M	72,374	0.56%	+0.12pp	21q	+12.0%+$1.8M
MICROSOFT CORP	MSFT	$15.0M	29,316	0.51%	+0.14pp	21q	+0.7%+$103.1K
BUNGE GLOBAL SA	BG	$14.9M	139,363	0.51%	+0.01pp	2q	+3.5%+$501.9K
ALPHABET INC	GOOGL	$14.9M	43,281	0.51%	+0.03pp	21q	+11.9%+$1.6M
ISHARES GOLD TR	IAU	$14.4M	183,906	0.49%	+0.03pp	13q	+4.6%+$629.2K
AMAZON COM INC	AMZN	$11.4M	45,647	0.39%	+0.10pp	21q	+31.3%+$2.7M
HEWLETT PACKARD ENTERPRISE C	HPE	$10.9M	170,607	0.37%	+0.10pp	3q	-2.4%-$272.0K
META PLATFORMS INC	META	$10.9M	15,022	0.37%	+0.08pp	21q	+0.7%+$72.5K
MICRON TECHNOLOGY INC	MU	$10.9M	10,225	0.37%	-0.09pp	8q	-12.2%-$1.5M
SEMTECH CORP	SMTC	$10.8M	60,281	0.37%	+0.03pp	5q	HELD
DELL TECHNOLOGIES INC	DELL	$10.7M	19,880	0.37%	+0.06pp	5q	-2.4%-$267.9K
ISHARES TR	MUB	$9.8M	97,339	0.34%	+0.13pp	6q	+72.6%+$4.1M
LUMENTUM HLDGS INC	LITE	$9.6M	9,923	0.33%	+0.03pp	20q	HELD
VISTRA CORP	VST	$7.3M	52,737	0.25%	-0.03pp	2q	+2.2%+$156.2K
CROCS INC	CROX	$7.0M	59,711	0.24%	-0.01pp	13q	HELD
MARSH & MCLENNAN COS INC	MRSH	$6.6M	38,622	0.23%	+0.01pp	5q	+2.2%+$141.0K
SERVICENOW INC	NOW	$6.5M	48,631	0.22%	+0.06pp	2q	HELD
EAST WEST BANCORP INC	EWBC	$6.5M	52,241	0.22%	-0.01pp	13q	HELD
COGNEX CORP	CGNX	$6.4M	105,828	0.22%	-0.04pp	10q	+1.6%+$102.0K
DISNEY WALT CO	DIS	$6.3M	60,123	0.22%	+0.02pp	21q	+1.5%+$94.3K
CULLEN FROST BANKERS INC	CFR	$6.3M	41,082	0.21%	flat	6q	+1.8%+$112.2K
AT&T INC	T	$6.3M	256,774	0.21%	+0.04pp	21q	+5.7%+$336.0K
BLACKROCK ETF TRUST	BALI	$6.1M	176,398	0.21%	+0.01pp	8q	+4.8%+$276.3K
ISHARES TR	HDV	$6.1M	217,269	0.21%	+0.01pp	21q	+6.5%+$368.8K
ITT INC	ITT	$5.9M	29,019	0.20%	+0.01pp	14q	+2.9%+$166.9K
ORACLE CORP	ORCL	$5.8M	42,009	0.20%	-	new	NEW
NETAPP INC	NTAP	$5.7M	27,084	0.19%	-0.02pp	7q	-33.5%-$2.9M
CLEVELAND-CLIFFS INC NEW	CLF	$5.7M	515,843	0.19%	+0.03pp	21q	+1.1%+$62.6K
FEDERAL RLTY INVT TR NEW	FRT	$5.6M	52,143	0.19%	-0.02pp	16q	+2.6%+$144.9K
CARPENTER TECHNOLOGY CORP	CRS	$5.5M	14,244	0.19%	-0.11pp	21q	+1.0%+$54.4K
ISHARES TR	IGIB	$5.5M	108,747	0.19%	-0.01pp	20q	+3.9%+$204.0K
ISHARES TR	DGRO	$5.4M	71,048	0.18%	flat	21q	+3.4%+$173.8K
LOWES COS INC	LOW	$5.3M	28,561	0.18%	+0.16pp	21q	+1123.7%+$4.8M
FLOWSERVE CORP	FLS	$5.2M	71,004	0.18%	flat	2q	+2.6%+$132.4K
BLACKROCK ETF TRUST II	BINC	$5.2M	101,414	0.18%	flat	11q	+3.9%+$194.4K
VANECK ETF TRUST	SMH	$5.1M	8,328	0.17%	+0.01pp	11q	+12.7%+$573.1K
TYSON FOODS INC	TSN	$5.0M	99,734	0.17%	+0.01pp	15q	+20.2%+$845.9K
JACOBS SOLUTIONS INC	J	$4.9M	36,457	0.17%	-0.10pp	3q	-40.7%-$3.4M
AKAMAI TECHNOLOGIES INC	AKAM	$4.9M	46,178	0.17%	-	new	NEW
REGENERON PHARMACEUTICALS	REGN	$4.9M	6,467	0.17%	-0.01pp	6q	-22.5%-$1.4M
TEXAS INSTRS INC	TXN	$4.7M	16,616	0.16%	-0.01pp	4q	+2.3%+$103.6K
GENERAL MILLS INC	GIS	$4.6M	143,446	0.16%	-0.01pp	21q	+2.4%+$106.6K
LAMAR ADVERTISING CO	LAMR	$4.6M	31,780	0.16%	-0.01pp	14q	+3.4%+$149.6K
BERKSHIRE HATHAWAY INC DEL	BRKB	$4.5M	9,112	0.15%	-0.01pp	21q	-2.4%-$113.5K
AUTONATION INC	AN	$4.5M	28,770	0.15%	-0.03pp	21q	+2.6%+$113.4K
PEGASYSTEMS INC	PEGA	$4.5M	135,603	0.15%	+0.02pp	5q	+5.4%+$231.4K
BAKER HUGHES COMPANY	BKR	$4.5M	81,577	0.15%	flat	15q	+2.6%+$113.8K
TE CONNECTIVITY PLC	TEL	$4.4M	20,780	0.15%	-	new	NEW
BLACKROCK ETF TRUST II	SECU	$4.4M	89,605	0.15%	flat	2q	+5.1%+$211.6K
BECTON DICKINSON CO	BDX	$4.3M	24,001	0.15%	-0.02pp	6q	-26.0%-$1.5M
MEDTRONIC PLC	MDT	$4.3M	49,663	0.15%	-0.05pp	17q	-30.7%-$1.9M
GLOBANT S A	GLOB	$4.2M	121,699	0.14%	+0.03pp	5q	+5.0%+$199.3K
SMUCKER J M CO	SJM	$4.2M	35,322	0.14%	+0.01pp	2q	+1.4%+$58.6K
ISHARES TR	QUAL	$4.1M	18,617	0.14%	+0.02pp	15q	+13.1%+$478.9K
CHEWY INC	CHWY	$4.0M	221,048	0.14%	-0.01pp	3q	+3.6%+$141.1K
CITIGROUP INC	C	$3.9M	30,338	0.13%	-0.01pp	12q	+2.8%+$107.5K
EVEREST GROUP LTD	EG	$3.9M	10,614	0.13%	-0.03pp	5q	-20.6%-$1.0M
SCHWAB STRATEGIC TR	FNDF	$3.8M	70,934	0.13%	flat	7q	+3.2%+$118.4K
ISHARES TR	LMUB	$3.8M	81,964	0.13%	-0.03pp	3q	-7.2%-$297.3K
BLACKROCK ETF TRUST II	CLOA	$3.8M	72,401	0.13%	flat	10q	+4.7%+$169.6K
EXXONMOBIL HOLDINGS CORP	XOM	$3.7M	22,926	0.13%	-	new	NEW
UNITED PARCEL SVCS INC	UPS	$3.7M	39,789	0.13%	-0.01pp	7q	+6.0%+$210.1K
ISHARES TR	IGEB	$3.5M	82,771	0.12%	flat	6q	+5.4%+$182.2K
DEVON ENERGY CORP NEW	DVN	$3.5M	76,774	0.12%	+0.01pp	15q	+3.6%+$123.8K
HUNTINGTON BANCSHARES INC	HBAN	$3.2M	210,367	0.11%	-0.01pp	12q	+4.0%+$124.9K
TEXAS PACIFIC LAND CORPORATI	TPL	$3.2M	9,747	0.11%	-0.04pp	21q	HELD
VANGUARD INDEX FDS	VOO	$3.1M	4,403	0.11%	flat	21q	+3.0%+$89.0K
HONEYWELL INTL INC	HON	$2.9M	13,547	0.10%	-0.01pp	2q	+1.9%+$52.9K
CARRIER GLOBAL CORPORATION	CARR	$2.8M	50,821	0.10%	-0.03pp	21q	-0.5%-$15.4K
VANGUARD WORLD FD	VGT	$2.6M	20,927	0.09%	flat	21q	+1.4%+$36.1K
GENERAL DYNAMICS CORP	GD	$2.3M	6,842	0.08%	-0.01pp	18q	-1.6%-$36.5K
HOME DEPOT INC	HD	$2.3M	7,977	0.08%	-0.02pp	21q	-0.8%-$18.8K
THE CIGNA GROUP	CI	$2.2M	8,206	0.08%	-0.01pp	21q	-9.1%-$223.2K
VANECK ETF TRUST	EMLC	$2.2M	88,932	0.08%	flat	4q	+4.7%+$99.8K
HONEYWELL AEROSPACE INC	HONA	$2.2M	14,050	0.07%	-0.03pp	2q	+5.7%+$118.2K
ISHARES INC	EUHY	$2.2M	41,573	0.07%	flat	3q	+5.2%+$107.0K
ISHARES TR	IEF	$2.1M	23,779	0.07%	flat	8q	+4.4%+$89.5K
ADVANCED MICRO DEVICES INC	AMD	$2.0M	3,288	0.07%	flat	13q	+1.3%+$25.7K
MCDONALDS CORP	MCD	$1.8M	7,890	0.06%	-0.01pp	21q	-1.6%-$28.9K
TESLA INC	TSLA	$1.6M	4,397	0.05%	-0.01pp	21q	+1.1%+$17.0K
VANGUARD INDEX FDS	VTI	$1.5M	4,121	0.05%	flat	21q	-1.6%-$25.1K
TRAVELERS COMPANIES INC	TRV	$1.5M	4,285	0.05%	flat	17q	HELD
OTIS WORLDWIDE CORP	OTIS	$1.5M	22,989	0.05%	-0.01pp	21q	-0.8%-$11.8K
EVERSOURCE ENERGY	ES	$1.5M	22,694	0.05%	-0.01pp	21q	HELD
ELI LILLY & CO	LLY	$1.5M	1,255	0.05%	flat	21q	-2.0%-$28.9K
ISHARES TR	ITA	$1.4M	6,865	0.05%	+0.01pp	5q	+45.3%+$443.1K
ABBVIE INC	ABBV	$1.4M	5,332	0.05%	-0.01pp	21q	-25.0%-$465.4K
VISA INC	V	$1.4M	3,826	0.05%	-0.01pp	21q	-25.2%-$463.9K
SPDR GOLD TR	GLD	$1.4M	3,585	0.05%	flat	14q	-10.5%-$159.6K
BLACKROCK ETF TRUST	BILT	$1.4M	52,606	0.05%	flat	2q	+4.7%+$61.2K
ISHARES TR	ESGU	$1.3M	8,065	0.05%	flat	21q	+1.9%+$25.2K
STATE STR SPDR S&P 500 ETF T	SPY	$1.3M	1,739	0.05%	flat	14q	+2.4%+$30.5K
PFIZER INC	PFE	$1.3M	46,451	0.05%	+0.01pp	21q	-3.5%-$47.6K
CATERPILLAR INC	CAT	$1.3M	1,604	0.04%	-0.01pp	16q	+1.1%+$14.6K
GE AEROSPACE	GE	$1.3M	4,020	0.04%	flat	15q	+11.0%+$124.6K
VERIZON COMMUNICATIONS INC	VZ	$1.2M	26,826	0.04%	+0.01pp	21q	+17.5%+$182.9K
PALANTIR TECHNOLOGIES INC	PLTR	$1.2M	6,467	0.04%	+0.02pp	8q	HELD
PHILIP MORRIS INTL INC	PM	$1.2M	6,238	0.04%	flat	21q	-6.9%-$88.7K
COCA COLA CO	KO	$1.2M	13,649	0.04%	flat	21q	-1.7%-$20.8K
ALPHABET INC	GOOG	$1.2M	3,427	0.04%	flat	21q	HELD
PROCTER & GAMBLE CO	PG	$1.2M	7,945	0.04%	flat	21q	-4.8%-$58.3K
ISHARES TR	IYW	$1.2M	4,345	0.04%	+0.01pp	16q	+15.8%+$157.1K
BLACKROCK INC	BLK	$1.1M	1,019	0.04%	-0.01pp	7q	-27.3%-$404.3K
CHEVRON CORPORATION	CVX	$1.1M	5,153	0.04%	flat	21q	-7.4%-$83.9K
VANGUARD INDEX FDS	VUG	$1.1M	11,659	0.04%	flat	15q	+10.8%+$102.0K
MARRIOTT INTL INC NEW	MAR	$996.2K	2,801	0.03%	flat	12q	+2.9%+$28.1K
ISHARES TR	IWF	$989.0K	7,896	0.03%	flat	21q	HELD
ISHARES TR	IJR	$939.2K	6,904	0.03%	-0.01pp	21q	-5.6%-$55.2K
CVS HEALTH CORP	CVS	$938.1K	10,947	0.03%	-0.01pp	21q	-7.3%-$74.3K
GE VERNOVA INC	GEV	$921.1K	969	0.03%	-0.01pp	6q	+2.6%+$23.8K
ISHARES TR	IWB	$881.4K	2,118	0.03%	flat	12q	HELD
ISHARES TR	IJH	$881.2K	12,248	0.03%	flat	21q	+1.4%+$11.8K
INTERNATIONAL BUSINESS MACHS	IBM	$861.3K	3,916	0.03%	-0.01pp	21q	-1.7%-$15.0K
BANK OF AMER CORP	BAC	$856.8K	15,741	0.03%	flat	21q	+11.2%+$86.2K
EATON CORP PLC	ETN	$852.3K	1,984	0.03%	-0.02pp	12q	-35.0%-$458.0K
BLACKROCK ETF TRUST II	MBBA	$818.6K	17,451	0.03%	-	new	NEW
ISHARES TR	EUFN	$811.5K	20,400	0.03%	flat	2q	+2.5%+$19.6K
LAM RESEARCH CORP	LRCX	$806.0K	2,453	0.03%	-0.01pp	7q	+1.1%+$8.5K
STANLEY BLACK & DECKER INC.	SWK	$802.0K	9,053	0.03%	flat	21q	-0.6%-$4.5K
ISHARES TR	SYSB	$776.6K	9,214	0.03%	flat	4q	+2.8%+$21.2K
VANGUARD SPECIALIZED FUNDS	VIG	$772.5K	3,311	0.03%	flat	21q	-0.6%-$4.4K
ELEVANCE HEALTH INC FORMERLY	ELV	$741.9K	1,908	0.03%	-0.14pp	21q	-84.9%-$4.2M
TRANE TECHNOLOGIES PLC	TT	$731.3K	1,618	0.02%	flat	21q	+1.6%+$11.3K
CISCO SYS INC	CSCO	$730.9K	6,790	0.02%	flat	21q	-2.5%-$18.6K
HARTFORD INSURANCE GROUP INC	HIG	$723.0K	5,909	0.02%	flat	9q	HELD
CRANE COMPANY	CR	$713.0K	3,495	0.02%	flat	10q	-6.6%-$50.0K
ISHARES TR	EAGG	$708.1K	15,649	0.02%	flat	15q	+11.0%+$69.9K
INTEL CORP	INTC	$686.0K	5,706	0.02%	-0.01pp	3q	-4.1%-$29.5K
M & T BK CORP	MTB	$613.8K	2,821	0.02%	flat	18q	HELD
AMERICAN FINANCIAL GROUP INC	AFG	$602.2K	4,404	0.02%	flat	21q	+0.6%+$3.6K
FIDELITY COMWLTH TR	ONEQ	$602.1K	5,689	0.02%	flat	21q	+1.7%+$10.1K
SPACE EXPLORATION TECHN CORP	SPCX	$565.3K	3,747	0.02%	flat	2q	+13.2%+$66.1K
COSTCO WHOLESALE CORPORATION	COST	$553.2K	608	0.02%	flat	21q	-8.6%-$51.9K
BLACKROCK ETF TRUST	LCTU	$552.0K	6,758	0.02%	flat	13q	+8.7%+$44.3K
IRON MTN INC DEL	IRM	$549.0K	4,948	0.02%	flat	4q	-1.4%-$7.5K
ISHARES TR	SOXX	$537.2K	945	0.02%	flat	5q	+16.4%+$75.6K
ISHARES TR	IXN	$521.8K	3,521	0.02%	flat	15q	-1.0%-$5.5K
OGE ENERGY CORP	OGE	$512.7K	11,287	0.02%	flat	21q	HELD
CUMMINS INC	CMI	$512.1K	991	0.02%	-0.01pp	11q	+2.0%+$9.8K
WARNER BROS DISCOVERY INC	WBD	$501.7K	16,210	0.02%	flat	10q	+14.5%+$63.6K
TTM TECHNOLOGIES INC	TTMI	$485.5K	3,952	0.02%	-	new	NEW
ISHARES TR	STIP	$478.2K	4,797	0.02%	flat	2q	+6.8%+$30.6K
UNION PAC CORP	UNP	$468.3K	1,721	0.02%	flat	21q	+2.1%+$9.8K
ISHARES TR	IWD	$454.4K	1,833	0.02%	flat	5q	+2.7%+$12.1K
ISHARES TR	SUSC	$430.7K	19,628	0.01%	flat	12q	+11.3%+$43.6K
LOCKHEED MARTIN CORP	LMT	$425.6K	836	0.01%	flat	16q	HELD
EBAY INC.	EBAY	$419.7K	3,958	0.01%	flat	10q	HELD
ISHARES BITCOIN TRUST ETF	IBIT	$419.0K	8,851	0.01%	flat	5q	-7.9%-$35.9K
INVESCO EXCHANGE TRADED FD T	RSP	$417.6K	2,007	0.01%	flat	9q	HELD
ISHARES TR	DSI	$412.4K	2,821	0.01%	flat	12q	+8.9%+$33.8K
T ROWE PRICE EXCHANGE-TRADED	TAXE	$407.3K	8,412	0.01%	flat	3q	HELD
BNY MELLON ETF TRUST II	BKFI	$394.9K	17,301	0.01%	flat	3q	+1.1%+$4.4K
VANGUARD MUN BD FDS	VTEB	$392.3K	8,283	0.01%	flat	2q	+9.9%+$35.2K
BLOCK INC	XYZ	$390.6K	5,312	0.01%	flat	12q	HELD
DEERE CO	DE	$385.0K	573	0.01%	flat	7q	HELD
VANGUARD WORLD FD	MGK	$383.3K	4,137	0.01%	flat	5q	-24.3%-$123.0K
ISHARES TR	ICVT	$381.2K	3,375	0.01%	flat	13q	+47.2%+$122.2K
SYSCO CORP	SYY	$378.9K	4,861	0.01%	flat	12q	HELD
MORGAN STANLEY	MS	$372.6K	1,981	0.01%	flat	9q	+4.9%+$17.3K
DUKE ENERGY CORP NEW	DUK	$370.5K	3,249	0.01%	flat	21q	+4.9%+$17.3K
NEWMONT CORP	NEM	$363.8K	3,154	0.01%	flat	14q	HELD
SCHWAB STRATEGIC TR	SCHD	$363.7K	11,180	0.01%	flat	21q	-1.6%-$6.1K
ISHARES TR	MBB	$354.5K	3,956	0.01%	-1.19pp	20q	-98.9%-$32.5M
CROWDSTRIKE HLDGS INC	CRWD	$353.8K	1,336	0.01%	flat	2q	-2.9%-$10.6K
PHILLIPS 66	PSX	$350.5K	1,373	0.01%	flat	3q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$348.9K	3,570	0.01%	-0.01pp	17q	-55.8%-$441.0K
ISHARES TR	MTUM	$346.3K	1,091	0.01%	-2.51pp	8q	-99.5%-$67.0M
SOUTHERN CO	SO	$341.6K	4,121	0.01%	flat	21q	HELD
ENTERPRISE PRODS PARTNERS L	EPD	$340.2K	9,555	0.01%	-0.02pp	10q	-54.9%-$414.8K
ISHARES TR	DVY	$340.2K	2,237	0.01%	flat	6q	-7.9%-$29.3K
SCHWAB STRATEGIC TR	SCHF	$339.7K	12,365	0.01%	flat	6q	+2.5%+$8.2K
ISHARES TR	OEF	$339.5K	889	0.01%	flat	7q	-4.2%-$14.9K
STATE STR SPDR DOW JONES IND	DIA	$338.1K	665	0.01%	flat	7q	HELD
AMERICAN EXPRESS CO	AXP	$337.8K	1,111	0.01%	flat	7q	+1.3%+$4.3K
SIMON PPTY GROUP INC NEW	SPG	$332.5K	1,656	0.01%	flat	5q	+8.2%+$25.1K
TARGET CORP	TGT	$331.0K	2,112	0.01%	flat	13q	-4.4%-$15.4K
LISTED FDS TR	MAGS	$330.8K	4,614	0.01%	flat	8q	HELD
VANGUARD INDEX FDS	VTV	$322.9K	1,494	0.01%	flat	2q	HELD
CANADIAN IMPERIAL BANK OF CO	CM	$322.4K	2,926	0.01%	flat	6q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$322.0K	5,160	0.01%	flat	21q	-0.8%-$2.6K
VANGUARD TAX-MANAGED FDS	VEA	$317.0K	4,490	0.01%	flat	9q	HELD
ALTRIA GROUP INC	MO	$315.5K	4,685	0.01%	flat	11q	-1.6%-$5.3K
PERSHING SQUARE USA LTD	PSUS	$315.4K	8,500	0.01%	flat	2q	+54.5%+$111.3K
AMERICAN ELEC PWR CO INC	AEP	$313.0K	2,638	0.01%	flat	21q	HELD
SIRIUSXM HOLDINGS INC	SIRI	$312.9K	12,089	0.01%	flat	6q	+0.9%+$2.9K
ACCENTURE PLC IRELAND	ACN	$309.0K	1,685	0.01%	-0.01pp	4q	-58.7%-$438.3K
VANGUARD WHITEHALL FDS	VYM	$306.5K	1,975	0.01%	flat	19q	HELD
NETFLIX INC.	NFLX	$301.0K	4,326	0.01%	flat	12q	-5.8%-$18.6K
ISHARES TR	IEFA	$299.8K	3,095	0.01%	flat	6q	+15.6%+$40.5K
SELECT SECTOR SPDR TR	XLK	$293.5K	1,499	0.01%	flat	2q	+29.1%+$66.2K
SELECT SECTOR SPDR TR	XLP	$291.7K	3,620	0.01%	flat	21q	-2.7%-$8.1K
J P MORGAN EXCHANGE TRADED F	BBUS	$290.5K	2,111	0.01%	flat	6q	+6.6%+$17.9K
ISHARES TR	IWM	$287.0K	1,033	0.01%	flat	6q	+1.1%+$3.1K
ISHARES TR	USXF	$285.6K	4,197	0.01%	flat	11q	+9.5%+$24.7K
ISHARES TR	SUSB	$281.1K	11,506	0.01%	flat	2q	+10.7%+$27.2K
VANGUARD INDEX FDS	VBK	$279.0K	826	0.01%	-	new	NEW
SOUNDHOUND AI INC	SOUN	$278.4K	46,249	0.01%	flat	8q	HELD
ISHARES TR	ARTY	$275.6K	3,519	0.01%	flat	2q	+4.3%+$11.4K
APPLIED MATLS INC	AMAT	$275.2K	538	0.01%	-0.01pp	3q	-42.3%-$202.1K
ISHARES INC	ESGE	$266.4K	4,920	0.01%	flat	5q	+6.9%+$17.1K
THERMO FISHER SCIENTIFIC INC	TMO	$266.3K	395	0.01%	flat	17q	-2.2%-$6.1K
BOEING CO	BA	$264.4K	1,421	0.01%	flat	16q	-8.8%-$25.5K
STARBUCKS CORP	SBUX	$262.3K	2,792	0.01%	flat	21q	-1.3%-$3.6K
ABBOTT LABORATORIES	ABT	$259.9K	2,630	0.01%	flat	21q	-2.7%-$7.1K
FIDELITY COVINGTON TRUST	FDLO	$257.2K	3,640	0.01%	flat	9q	HELD
ADVANCED DRAIN SYS INC DEL	WMS	$254.3K	2,007	0.01%	flat	12q	HELD
SALESFORCE INC	CRM	$251.5K	1,095	0.01%	-	new	NEW
CONOCOPHILLIPS	COP	$251.3K	2,008	0.01%	flat	3q	HELD
LINDE PLC	LIN	$248.4K	523	0.01%	flat	6q	+4.4%+$10.4K
VALERO ENERGY CORP	VLO	$247.1K	637	0.01%	-	new	NEW
SCHWAB STRATEGIC TR	FNDX	$245.7K	7,808	0.01%	flat	3q	HELD
DIMENSIONAL ETF TRUST	DFAC	$241.8K	5,439	0.01%	flat	13q	HELD
SCHWAB STRATEGIC TR	SCHX	$239.7K	7,991	0.01%	flat	2q	+11.9%+$25.5K
DELTA AIR LINES INC	DAL	$239.6K	2,871	0.01%	flat	2q	-15.6%-$44.3K
LITHIA MTRS INC	LAD	$229.1K	785	0.01%	-0.02pp	7q	-66.4%-$453.2K
AMERICAN TOWER CORP	AMT	$227.8K	1,392	0.01%	-0.01pp	10q	-63.0%-$388.0K
GUGGENHEIM STRATEGIC OPPORTU	GOF	$225.0K	26,437	0.01%	flat	20q	+0.8%+$1.8K
FIDELITY COVINGTON TRUST	FBCG	$224.8K	3,556	0.01%	-	new	NEW
VANGUARD WORLD FD	VHT	$223.1K	706	0.01%	flat	2q	HELD
YUM! BRANDS INC	YUM	$220.5K	1,617	0.01%	flat	7q	HELD
PROFESIONALLY MANAGED PORTFO	AKRE	$220.2K	4,180	0.01%	flat	4q	HELD
BP PLC	BP	$218.5K	4,966	0.01%	-	new	NEW
JABIL INC	JBL	$218.2K	761	0.01%	flat	2q	+1.1%+$2.3K
DANAHER CORP DEL	DHR	$217.9K	984	0.01%	-	new	NEW
ILLINOIS TOOL WKS INC	ITW	$216.7K	842	0.01%	flat	6q	-2.3%-$5.1K
AMGEN INC	AMGN	$214.0K	508	0.01%	flat	13q	-8.5%-$19.8K
STATE STR SPDR S&P MIDCAP 40	MDY	$212.7K	324	0.01%	flat	4q	HELD
PARKER HANNIFIN CORP	PH	$210.7K	220	0.01%	flat	2q	+7.3%+$14.4K
OMNICOM GROUP INC	OMC	$204.8K	2,782	0.01%	-0.01pp	3q	-62.6%-$343.4K
ISHARES TR	IWR	$200.4K	1,878	0.01%	flat	2q	-3.8%-$8.0K
HEALTHCARE RLTY TR	HR	$183.1K	10,322	0.01%	flat	17q	-3.5%-$6.7K
FS KKR CAP CORP	FSK	$179.3K	16,319	0.01%	flat	8q	+1.9%+$3.3K
BANCO SANTANDER S.A.	SAN	$145.9K	10,548	0.00%	-	new	NEW
NUVEEN PFD & INCOME OPPORTUN	JPC	$121.4K	17,808	0.00%	flat	5q	HELD
SACHEM CAP CORP	SACH	$12.5K	13,615	0.00%	flat	11q	+1.1%

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	$186.5M	6.4%
Biotech & Pharma	$77.8M	2.7%
Computer Hardware	$72.0M	2.5%
Banks & Lending	$69.0M	2.4%
Software & IT Services	$66.1M	2.3%
Retail & Consumer	$50.0M	1.7%
Food, Drink & Tobacco	$48.5M	1.7%
Other sectors	$220.9M	7.5%
Not classified	$2.1B	73.0%

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%	-2.4%	100%
Q2 2026	+14.9%	+14.8%	+0.0%	100%
Q1 2026	-1.3%	-4.6%	+3.3%	100%
Q4 2025	+2.8%	+2.4%	+0.5%	100%
Q3 2025	+7.5%	+7.8%	-0.3%	100%
Q2 2025	+9.4%	+10.5%	-1.0%	100%
Q1 2025	-2.5%	-4.6%	+2.1%	100%
Q4 2024	-0.7%	+2.1%	-2.9%	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	$2.9B	269	13	128	82	24	56.4%	19
Q2 2026	$2.9B	280	39	139	70	18	54.7%	29
Q1 2026	$2.5B	259	20	110	86	20	52.8%	27
Q4 2025	$2.4B	259	19	137	64	12	55.6%	20
Q3 2025	$2.3B	252	20	115	79	11	56.1%	20
Q2 2025	$2.1B	243	31	124	53	9	56.1%	24
Q1 2025	$1.8B	221	21	110	59	23	57.8%	23
Q4 2024	$1.8B	223	24	115	55	18	61.5%	24
Q3 2024	$1.7B	217	14	118	59	16	63.1%	31
Q2 2024	$1.6B	219	25	116	65	24	61.3%	24
Q1 2024	$1.5B	218	19	116	48	16	60.7%	30
Q4 2023	$1.4B	215	43	105	52	5	58.9%	22
Q3 2023	$1.2B	177	20	87	52	15	60.9%	25
Q2 2023	$1.2B	172	15	90	35	7	64.0%	25
Q1 2023	$1.1B	164	16	99	27	17	63.7%	25
Q4 2022	$1.0B	165	22	101	23	8	60.0%	23
Q3 2022	$911.0M	151	13	58	66	90	62.8%	14
Q2 2022	$932.3M	228	14	166	30	23	62.6%	28
Q1 2022	$1.0B	237	30	0	207	37	63.0%	19
Q4 2021	$1.0B	244	28	216	0	101	60.4%	33
Q3 2021	$772.8M	317	0	0	0	0	55.3%	69

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.