DaveManuel.com · Institutional Ownership · 13F Holdings

Forum Financial Management, LP

Reported holdings as of Q3 2026, from 20 quarterly filings.

CIK

1911832

Reported value

$7.7B

Positions

342

Top 10 weight

84.5%

Filed

2026-10-16

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
DIMENSIONAL ETF TRUST	DFAC	$1.9B	42,841,242	24.74%	+0.47pp	20q	+0.6%+$11.0M
ISHARES TR	TLH	$945.0M	10,253,274	12.28%	-0.20pp	16q	+5.9%+$52.7M
DIMENSIONAL ETF TRUST	DFAT	$691.0M	10,399,775	8.98%	-0.34pp	20q	HELD
DIMENSIONAL ETF TRUST	DFEM	$631.8M	15,906,068	8.21%	-0.02pp	18q	+0.9%+$5.5M
DIMENSIONAL ETF TRUST	DFIC	$627.8M	16,693,558	8.16%	+0.28pp	18q	+1.4%+$8.5M
DIMENSIONAL ETF TRUST	DFGR	$500.8M	18,513,312	6.51%	-0.19pp	16q	+2.9%+$13.9M
DIMENSIONAL ETF TRUST	DFGP	$369.9M	7,124,221	4.81%	+0.04pp	11q	+4.6%+$16.4M
DFA INVT DIMENSIONS GROUP IN	DUHP	$369.9M	8,826,548	4.81%	-	new	NEW
DIMENSIONAL ETF TRUST	DISV	$244.6M	5,650,530	3.18%	+0.27pp	18q	HELD
DIMENSIONAL ETF TRUST	DIHP	$216.8M	6,435,165	2.82%	+0.03pp	18q	+1.2%+$2.5M
AMGEN INC	AMGN	$146.6M	347,857	1.90%	+0.29pp	7q	HELD
DIMENSIONAL ETF TRUST	DFUS	$93.7M	1,128,313	1.22%	+0.01pp	20q	-1.5%-$1.4M
APPLE INC	AAPL	$83.8M	251,748	1.09%	+0.14pp	7q	-1.4%-$1.2M
DIMENSIONAL ETF TRUST	DFUV	$62.1M	1,129,229	0.81%	-0.01pp	18q	-2.6%-$1.6M
VANGUARD SCOTTSDALE FDS	VGLT	$42.1M	839,681	0.55%	+0.05pp	14q	+20.2%+$7.1M
DIMENSIONAL ETF TRUST	DFAX	$38.4M	1,037,858	0.50%	flat	20q	-1.1%-$417.0K
ALPHABET INC	GOOG	$38.4M	112,648	0.50%	+0.01pp	20q	+5.4%+$2.0M
ALPHABET INC	GOOGL	$33.6M	97,622	0.44%	flat	20q	+1.5%+$502.4K
MICROSOFT CORP	MSFT	$25.6M	49,897	0.33%	+0.11pp	20q	+6.7%+$1.6M
VANECK ETF TRUST	HYD	$25.0M	520,312	0.32%	-0.51pp	12q	-58.8%-$35.7M
VANGUARD MUN BD FDS	VTEB	$24.5M	517,204	0.32%	-0.53pp	13q	-60.4%-$37.4M
DIMENSIONAL ETF TRUST	DFSU	$23.8M	505,265	0.31%	+0.03pp	15q	+7.2%+$1.6M
DIMENSIONAL ETF TRUST	DFIV	$20.6M	369,340	0.27%	+0.01pp	20q	-0.9%-$179.6K
DIMENSIONAL ETF TRUST	DFSE	$17.7M	366,274	0.23%	flat	16q	HELD
EA SERIES TRUST	BSVO	$17.6M	630,924	0.23%	-0.01pp	15q	-0.5%-$96.0K
META PLATFORMS INC	META	$16.9M	23,297	0.22%	+0.05pp	20q	HELD
MANAGER DIRECTED PORTFOLIOS	VGSR	$14.8M	1,390,266	0.19%	-0.01pp	12q	+2.6%+$371.3K
NVIDIA CORPORATION	NVDA	$14.6M	63,794	0.19%	+0.01pp	20q	-7.6%-$1.2M
ABBVIE INC	ABBV	$14.3M	54,561	0.19%	+0.01pp	20q	HELD
AMAZON COM INC	AMZN	$14.1M	56,694	0.18%	+0.02pp	7q	+3.7%+$507.5K
ONEOK INC NEW	OKE	$12.5M	147,029	0.16%	-	new	NEW
DIMENSIONAL ETF TRUST	DFSI	$12.4M	274,694	0.16%	+0.01pp	16q	+2.0%+$248.1K
STATE STR SPDR S&P 500 ETF T	SPY	$11.8M	15,531	0.15%	+0.01pp	20q	+1.0%+$113.6K
JPMORGAN CHASE & CO	JPM	$11.4M	34,334	0.15%	flat	20q	-1.9%-$224.6K
DIMENSIONAL ETF TRUST	DFAS	$10.5M	136,259	0.14%	-0.01pp	20q	-3.7%-$402.3K
VANGUARD INDEX FDS	VOO	$10.1M	14,365	0.13%	flat	20q	HELD
DFA INVT DIMENSIONS GROUP IN	DFAR	$9.5M	392,214	0.12%	-	new	NEW
VANGUARD INDEX FDS	VTI	$9.4M	24,991	0.12%	+0.01pp	20q	+4.7%+$421.0K
DEERE CO	DE	$8.1M	12,016	0.10%	+0.01pp	20q	HELD
ENERGY TRANSFER L P	ET	$7.7M	389,002	0.10%	flat	14q	-0.9%-$67.6K
ISHARES TR	IWF	$7.0M	55,520	0.09%	flat	20q	-2.4%-$168.0K
ISHARES TR	IVV	$6.8M	8,851	0.09%	+0.01pp	20q	+4.1%+$268.0K
VANECK MERK GOLD ETF	OUNZ	$6.4M	160,123	0.08%	flat	20q	HELD
ELI LILLY & CO	LLY	$6.1M	5,266	0.08%	flat	20q	HELD
OLD SECOND BANCORP INC ILL	OSBC	$5.8M	237,367	0.08%	+0.01pp	20q	+15.4%+$776.2K
iShares Tr	SHV	$5.6M	50,617	0.07%	+0.03pp	15q	+53.1%+$1.9M
RBB FD INC	TBIL	$5.0M	101,050	0.07%	flat	11q	+5.7%+$272.2K
VANGUARD INDEX FDS	VUG	$4.9M	54,631	0.06%	+0.01pp	20q	+11.4%+$503.8K
DFA INVT DIMENSIONS GROUP IN	DFSV	$4.9M	130,899	0.06%	-	new	NEW
EXXONMOBIL HOLDINGS CORP	XOM	$4.6M	28,035	0.06%	-	new	NEW
VANGUARD TAX-MANAGED FDS	VEA	$4.5M	64,264	0.06%	flat	20q	+2.1%+$95.5K
DIMENSIONAL ETF TRUST	DFCF	$4.5M	111,036	0.06%	-0.01pp	20q	-11.8%-$595.2K
INVESCO QQQ TR	QQQ	$4.5M	6,018	0.06%	flat	18q	-1.8%-$82.1K
BROADCOM INC	AVGO	$4.3M	12,338	0.06%	flat	20q	+2.0%+$86.0K
BLACK STONE MINERALS L P	BSM	$4.3M	300,000	0.06%	flat	4q	HELD
WALMART INC	WMT	$4.2M	40,416	0.05%	-0.01pp	20q	-2.9%-$124.8K
MARRIOTT INTL INC NEW	MAR	$4.2M	11,747	0.05%	flat	20q	HELD
SELECT SECTOR SPDR TR	XLK	$4.2M	21,258	0.05%	flat	20q	-2.4%-$100.4K
CBOE GLOBAL MKTS INC	CBOE	$4.0M	14,508	0.05%	+0.01pp	18q	HELD
VANGUARD MALVERN FDS	VTIP	$3.8M	76,519	0.05%	+0.01pp	8q	+18.6%+$590.3K
AMERICAN CENTY ETF TR	AVUS	$3.7M	29,054	0.05%	flat	7q	-3.9%-$152.2K
MICRON TECHNOLOGY INC	MU	$3.6M	3,377	0.05%	-0.01pp	20q	-7.8%-$305.7K
HOME DEPOT INC	HD	$3.6M	12,507	0.05%	-0.01pp	20q	HELD
MPLX LP	MPLX	$3.5M	62,300	0.05%	flat	4q	HELD
DIMENSIONAL ETF TRUST	DFIP	$3.3M	83,917	0.04%	-0.04pp	20q	-42.7%-$2.4M
ISHARES TR	IVW	$3.2M	22,201	0.04%	flat	20q	HELD
CATERPILLAR INC	CAT	$3.2M	3,895	0.04%	-0.03pp	20q	-24.5%-$1.0M
COSTCO WHOLESALE CORPORATION	COST	$3.1M	3,361	0.04%	flat	20q	-4.7%-$151.1K
SYSCO CORP	SYY	$3.0M	38,565	0.04%	flat	20q	+4.6%+$132.7K
CHEVRON CORPORATION	CVX	$3.0M	14,503	0.04%	+0.01pp	20q	+6.1%+$170.3K
PALANTIR TECHNOLOGIES INC	PLTR	$3.0M	15,781	0.04%	+0.02pp	19q	+7.2%+$198.3K
AMERICAN CENTY ETF TR	AVDV	$2.8M	25,323	0.04%	flat	7q	-5.6%-$164.6K
INTEL CORP	INTC	$2.7M	22,236	0.03%	-0.01pp	20q	-0.5%-$14.3K
ISHARES TR	IWD	$2.7M	10,758	0.03%	flat	20q	HELD
JOHNSON & JOHNSON	JNJ	$2.7M	10,052	0.03%	-0.01pp	20q	-20.4%-$681.2K
CENTERPOINT ENERGY INC	CNP	$2.6M	70,000	0.03%	-0.01pp	16q	HELD
PROCTER & GAMBLE CO	PG	$2.5M	17,095	0.03%	flat	20q	-3.4%-$86.2K
APOLLO GLOBAL MGMT INC	APO	$2.4M	20,931	0.03%	flat	19q	HELD
ISHARES TR	IWB	$2.4M	5,702	0.03%	flat	20q	HELD
ADVANCED MICRO DEVICES INC	AMD	$2.4M	3,873	0.03%	flat	7q	-2.2%-$53.2K
AMERICAN CENTY ETF TR	AVLV	$2.3M	25,873	0.03%	flat	7q	+0.6%+$13.7K
TESLA INC	TSLA	$2.3M	6,427	0.03%	flat	20q	+2.4%+$53.9K
ALLSTATE CORP	ALL	$2.2M	10,067	0.03%	flat	7q	-6.8%-$161.7K
MCDONALDS CORP	MCD	$2.2M	9,372	0.03%	flat	20q	HELD
DIMENSIONAL ETF TRUST	DFAU	$2.2M	41,302	0.03%	flat	14q	HELD
VANGUARD STAR FDS	VXUS	$2.0M	23,380	0.03%	flat	17q	+19.1%+$319.2K
GRAHAM HLDGS CO	GHC	$2.0M	1,740	0.03%	flat	8q	HELD
LOCKHEED MARTIN CORP	LMT	$1.9M	3,812	0.03%	flat	20q	-7.6%-$159.4K
VANGUARD INDEX FDS	VV	$1.9M	5,417	0.02%	flat	20q	HELD
GE AEROSPACE	GE	$1.9M	5,947	0.02%	-0.01pp	20q	-16.1%-$355.1K
ISHARES TR	MUB	$1.8M	17,935	0.02%	-0.01pp	20q	-28.4%-$720.4K
ISHARES TR	IVE	$1.7M	7,479	0.02%	flat	20q	-2.7%-$47.3K
COCA COLA CO	KO	$1.7M	19,217	0.02%	flat	20q	-12.0%-$225.5K
OIL DRI CORP AMER	ODC	$1.6M	18,050	0.02%	flat	8q	HELD
DIMENSIONAL ETF TRUST	DFIS	$1.6M	43,393	0.02%	flat	12q	HELD
ENTERPRISE PRODS PARTNERS L	EPD	$1.6M	43,550	0.02%	flat	20q	+2.6%+$39.7K
GE VERNOVA INC	GEV	$1.6M	1,632	0.02%	-0.01pp	10q	-7.7%-$130.2K
VANGUARD WORLD FD	VGT	$1.5M	12,333	0.02%	flat	5q	+6.8%+$98.9K
AMERICAN CENTY ETF TR	AVUV	$1.5M	13,111	0.02%	flat	7q	HELD
VANGUARD INDEX FDS	VTV	$1.5M	7,127	0.02%	flat	20q	+20.6%+$263.2K
MERCK & CO INC	MRK	$1.5M	10,553	0.02%	flat	20q	-3.2%-$50.3K
DIMENSIONAL ETF TRUST	DFAI	$1.5M	36,636	0.02%	flat	14q	HELD
ISHARES GOLD TR	IAU	$1.4M	18,494	0.02%	flat	20q	HELD
AMERICAN CENTY ETF TR	AVRE	$1.4M	31,954	0.02%	flat	7q	+3.0%+$41.9K
MORGAN STANLEY	MS	$1.4M	7,472	0.02%	flat	20q	HELD
VANGUARD SPECIALIZED FUNDS	VIG	$1.4M	5,988	0.02%	flat	20q	+5.3%+$70.7K
STARBUCKS CORP	SBUX	$1.4M	14,631	0.02%	flat	20q	+0.9%+$11.9K
PHILIP MORRIS INTL INC	PM	$1.4M	7,187	0.02%	flat	20q	HELD
SEAGATE TECHNOLOGY HLDNGS PL	STX	$1.4M	1,478	0.02%	flat	13q	-2.2%-$30.4K
CISCO SYS INC	CSCO	$1.4M	12,570	0.02%	flat	20q	HELD
AMERICAN CENTY ETF TR	AVEM	$1.3M	14,356	0.02%	flat	7q	+9.2%+$113.8K
NETFLIX INC.	NFLX	$1.3M	19,262	0.02%	flat	17q	+32.4%+$328.1K
BANK OF NY MELLON CORP	BNY	$1.3M	9,237	0.02%	flat	7q	-1.4%-$18.9K
VISA INC	V	$1.3M	3,517	0.02%	flat	20q	-0.8%-$10.8K
CME GROUP INC	CME	$1.3M	4,797	0.02%	flat	20q	HELD
VANGUARD INDEX FDS	VO	$1.2M	15,689	0.02%	flat	20q	+0.7%+$8.9K
SCHWAB STRATEGIC TR	SCHF	$1.2M	44,393	0.02%	flat	14q	+6.8%+$77.5K
DIMENSIONAL ETF TRUST	DFEV	$1.2M	28,715	0.02%	flat	14q	HELD
CAPITAL ONE FINL CORP	COF	$1.2M	6,104	0.02%	flat	20q	-4.6%-$56.2K
AT&T INC	T	$1.2M	48,052	0.02%	flat	20q	+2.3%+$25.9K
INVESCO EXCHANGE TRADED FD T	RSP	$1.1M	5,502	0.01%	flat	20q	+8.4%+$88.6K
SPDR SERIES TRUST	KBE	$1.1M	17,057	0.01%	flat	8q	HELD
INTERNATIONAL BUSINESS MACHS	IBM	$1.1M	4,801	0.01%	flat	20q	HELD
GILEAD SCIENCES INC	GILD	$1.0M	6,950	0.01%	flat	20q	-1.4%-$14.8K
SKYWORKS SOLUTIONS INC	SWKS	$1.0M	12,048	0.01%	flat	20q	HELD
ORACLE CORP	ORCL	$1.0M	7,318	0.01%	flat	20q	-1.0%-$9.9K
PFIZER INC	PFE	$999.2K	35,034	0.01%	flat	20q	-9.4%-$103.6K
SPDR SERIES TRUST	SDY	$988.4K	6,747	0.01%	flat	20q	HELD
UNION PAC CORP	UNP	$968.5K	3,559	0.01%	-0.01pp	20q	-34.7%-$513.8K
SELECT SECTOR SPDR TR	XLV	$955.1K	5,671	0.01%	flat	15q	+1.3%+$12.5K
AMERICAN CENTY ETF TR	AVES	$950.6K	14,596	0.01%	flat	7q	HELD
SPDR GOLD TR	GLD	$943.2K	2,477	0.01%	flat	7q	+25.4%+$191.2K
CROWDSTRIKE HLDGS INC	CRWD	$939.6K	3,549	0.01%	flat	12q	-6.8%-$68.6K
AIR PRODUCTS AND CHEMICALS I	APD	$936.8K	3,367	0.01%	flat	7q	-1.1%-$10.3K
SPACE EXPLORATION TECHN CORP	SPCX	$932.2K	6,179	0.01%	-	new	NEW
ISHARES TR	IWM	$929.2K	3,344	0.01%	flat	20q	+8.4%+$72.2K
APPLIED MATLS INC	AMAT	$927.3K	1,814	0.01%	-0.01pp	7q	-35.0%-$498.4K
SCHWAB STRATEGIC TR	SCHD	$916.4K	28,171	0.01%	flat	11q	-5.5%-$53.7K
TEXAS INSTRS INC	TXN	$881.7K	3,148	0.01%	flat	20q	HELD
SCHWAB STRATEGIC TR	SCHB	$875.7K	29,876	0.01%	flat	20q	-1.0%-$9.1K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$872.4K	1,912	0.01%	flat	6q	+6.6%+$53.8K
VANGUARD INTL EQUITY INDEX F	VWO	$847.9K	14,297	0.01%	flat	20q	+2.5%+$20.9K
KINDER MORGAN INC DEL	KMI	$841.2K	27,899	0.01%	flat	20q	HELD
VANGUARD SCOTTSDALE FDS	VTHR	$832.9K	2,482	0.01%	flat	16q	HELD
DISNEY WALT CO	DIS	$812.9K	7,749	0.01%	flat	20q	-10.5%-$95.5K
ALTRIA GROUP INC	MO	$810.6K	12,038	0.01%	flat	20q	-16.5%-$160.0K
ISHARES TR	ITOT	$810.6K	4,875	0.01%	flat	18q	-2.5%-$20.5K
ISHARES TR	IWV	$806.3K	1,868	0.01%	flat	12q	HELD
AMERICAN CENTY ETF TR	AVDE	$802.3K	8,904	0.01%	flat	7q	+0.8%+$6.5K
VERIZON COMMUNICATIONS INC	VZ	$802.2K	17,488	0.01%	flat	20q	-12.8%-$118.0K
VANGUARD BD INDEX FDS	BND	$801.4K	11,424	0.01%	flat	20q	+93.9%+$388.1K
FIDELITY WISE ORIGIN BITCOIN	FBTC	$799.0K	11,000	0.01%	flat	4q	-2.7%-$21.8K
VANGUARD INDEX FDS	VNQ	$795.6K	8,876	0.01%	flat	20q	-2.9%-$23.4K
SCHWAB STRATEGIC TR	SCHG	$793.5K	22,085	0.01%	flat	10q	-2.6%-$21.0K
METLIFE INC	MET	$772.5K	8,204	0.01%	flat	20q	-1.5%-$11.9K
BERKSHIRE HATHAWAY INC DEL	BRKA	$747.0K	1	0.01%	-0.01pp	7q	-50.0%-$747.0K
SCHWAB STRATEGIC TR	SCHX	$738.8K	24,628	0.01%	flat	7q	-6.0%-$46.8K
STATE STR SPDR S&P MIDCAP 40	MDY	$737.5K	1,123	0.01%	flat	18q	-1.0%-$7.2K
ISHARES TR	SCZ	$736.7K	8,727	0.01%	flat	20q	HELD
UNITED PARCEL SVCS INC	UPS	$732.4K	7,838	0.01%	flat	20q	HELD
BANK OF AMER CORP	BAC	$726.7K	13,351	0.01%	flat	7q	HELD
KIMBERLY CLARK CORP	KMB	$720.6K	7,396	0.01%	flat	16q	-4.8%-$36.6K
DIODES INC	DIOD	$705.4K	7,288	0.01%	flat	20q	HELD
TRINITY CAP INC	TRIN	$702.0K	40,000	0.01%	flat	4q	HELD
ISHARES BITCOIN TRUST ETF	IBIT	$696.4K	14,711	0.01%	flat	7q	-4.6%-$33.3K
CHUBB LIMITED	CB	$684.7K	2,105	0.01%	flat	20q	HELD
MASTERCARD INCORPORATED	MA	$681.1K	1,235	0.01%	flat	20q	+0.6%+$3.9K
TEMPUS AI INC	TEM	$680.0K	8,303	0.01%	flat	6q	HELD
VANGUARD INDEX FDS	VXF	$678.0K	2,927	0.01%	flat	20q	HELD
ISHARES TR	IWN	$671.0K	3,204	0.01%	flat	20q	HELD
RTX CORPORATION	RTX	$671.0K	3,614	0.01%	flat	18q	-0.5%-$3.5K
ARISTA NETWORKS INC	ANET	$670.6K	3,294	0.01%	flat	2q	HELD
AUTOMATIC DATA PROCESSING IN	ADP	$668.2K	2,589	0.01%	flat	7q	-2.9%-$20.1K
NEXTERA ENERGY INC	NEE	$651.8K	8,606	0.01%	flat	20q	+0.8%+$5.3K
ISHARES TR	IWR	$650.5K	6,096	0.01%	flat	20q	HELD
SPROTT ASSET MANAGEMENT LP	CEF	$635.6K	15,300	0.01%	flat	4q	HELD
VANGUARD INTL EQUITY INDEX F	VT	$632.4K	4,006	0.01%	flat	11q	+17.5%+$94.1K
FORTINET INC	FTNT	$624.1K	3,491	0.01%	flat	18q	HELD
DANAHER CORP DEL	DHR	$622.8K	2,811	0.01%	flat	20q	HELD
WELLS FARGO & CO	WFC	$609.6K	7,616	0.01%	-0.01pp	20q	-53.1%-$690.4K
ISHARES TR	IEFA	$603.8K	6,232	0.01%	flat	12q	+1.5%+$9.0K
PRUDENTIAL FINL INC	PRU	$598.3K	5,268	0.01%	flat	20q	-1.6%-$9.7K
CITIGROUP INC	C	$597.3K	4,613	0.01%	flat	20q	-3.6%-$22.3K
SALESFORCE INC	CRM	$591.9K	2,578	0.01%	flat	20q	+12.6%+$66.4K
PEPSICO INC	PEP	$591.8K	4,670	0.01%	flat	20q	-17.4%-$124.6K
STATE STR SPDR DOW JONES IND	DIA	$575.1K	1,131	0.01%	flat	14q	HELD
WILLIAMS COS INC	WMB	$574.5K	8,452	0.01%	flat	20q	+0.5%+$2.9K
ISHARES TR	IWO	$568.2K	1,592	0.01%	flat	20q	+0.5%+$2.9K
ANALOG DEVICES INC	ADI	$551.8K	1,391	0.01%	flat	7q	-1.1%-$6.3K
DUKE ENERGY CORP NEW	DUK	$546.8K	4,796	0.01%	flat	8q	+1.4%+$7.8K
CHEMUNG FINL CORP	CHMG	$545.2K	6,743	0.01%	flat	20q	HELD
WINTRUST FINL CORP	WTFC	$542.5K	3,825	0.01%	flat	20q	HELD
CORNING INC	GLW	$540.9K	3,518	0.01%	flat	20q	-1.2%-$6.5K
ISHARES TR	EFA	$539.6K	5,194	0.01%	flat	20q	+2.0%+$10.7K
BLACKSTONE INC	BX	$529.2K	4,721	0.01%	flat	20q	HELD
BOEING CO	BA	$527.6K	2,836	0.01%	flat	7q	+0.7%+$3.9K
QUANTA SVCS INC	PWR	$526.1K	819	0.01%	flat	18q	-4.1%-$22.5K
ADOBE INC	ADBE	$525.2K	2,189	0.01%	flat	20q	-10.4%-$61.2K
CONSTELLATION ENERGY CORP	CEG	$523.0K	2,059	0.01%	flat	15q	-0.8%-$4.1K
ISHARES U S ETF TR	MEAR	$521.1K	10,500	0.01%	flat	6q	HELD
HERSHEY CO	HSY	$518.6K	3,291	0.01%	flat	15q	-0.6%-$3.2K
DELL TECHNOLOGIES INC	DELL	$518.5K	964	0.01%	flat	2q	+1.6%+$8.1K
VANGUARD WHITEHALL FDS	VYM	$512.0K	3,299	0.01%	flat	6q	+18.7%+$80.7K
CLOUDFLARE INC	NET	$511.9K	1,474	0.01%	flat	12q	-1.6%-$8.3K
SHOPIFY INC	SHOP	$503.9K	3,398	0.01%	flat	16q	-0.7%-$3.4K
KKR & CO INC	KKR	$498.5K	5,460	0.01%	flat	16q	HELD
SOUTHERN CO	SO	$494.5K	5,965	0.01%	flat	20q	-8.8%-$47.5K
FERMI INC	FRMI	$492.7K	117,031	0.01%	-0.01pp	2q	HELD
VANGUARD MUN BD FDS	VSDM	$491.0K	6,601	0.01%	flat	2q	+0.5%+$2.5K
SELECT SECTOR SPDR TR	XLI	$488.9K	2,928	0.01%	flat	3q	+1.5%+$7.2K
UNITEDHEALTH GROUP INC	UNH	$487.5K	1,328	0.01%	flat	20q	HELD
JANUS DETROIT STR TR	JAAA	$487.1K	9,650	0.01%	-	new	NEW
TRAVELERS COMPANIES INC	TRV	$475.6K	1,334	0.01%	flat	18q	HELD
FIFTH THIRD BANCORP	FITB	$475.5K	9,402	0.01%	flat	20q	-5.1%-$25.5K
MCKESSON CORP	MCK	$472.2K	553	0.01%	flat	20q	-1.2%-$6.0K
PACCAR INC	PCAR	$458.2K	4,173	0.01%	flat	20q	HELD
VANGUARD INDEX FDS	VBR	$455.2K	1,970	0.01%	flat	5q	HELD
WESTERN ALLIANCE BANCORP	WAL	$454.8K	6,056	0.01%	flat	9q	HELD
PROSHARES TR	BITO	$451.6K	40,325	0.01%	flat	3q	HELD
ISHARES TR	ACWX	$447.5K	5,918	0.01%	flat	14q	+3.4%+$14.7K
VANGUARD INDEX FDS	VB	$446.9K	1,571	0.01%	flat	20q	HELD
EA SERIES TRUST	BOXX	$446.7K	3,773	0.01%	flat	11q	HELD
VANGUARD INDEX FDS	VOE	$442.3K	2,262	0.01%	flat	9q	+5.4%+$22.5K
Dominion Energy, Inc.	D	$440.1K	7,272	0.01%	flat	9q	HELD
PURSUIT ATTRACTIONS AND HOSPCOM	PRSU	$438.0K	8,807	0.01%	flat	3q	HELD
BIOGEN INC	BIIB	$437.3K	1,936	0.01%	flat	20q	+2.4%+$10.4K
ISHARES TR	ESGU	$431.7K	2,588	0.01%	flat	5q	+28.7%+$96.2K
ISHARES TR	IJH	$428.8K	5,959	0.01%	flat	15q	+33.5%+$107.6K
SELECT SECTOR SPDR TR	XLF	$423.4K	7,930	0.01%	flat	3q	+2.0%+$8.3K
SPDR SERIES TRUST	RWR	$423.0K	4,032	0.01%	flat	20q	HELD
DIMENSIONAL ETF TRUST	DFSD	$414.3K	8,916	0.01%	flat	8q	-1.1%-$4.5K
PALO ALTO NETWORKS INC	PANW	$413.2K	1,040	0.01%	flat	2q	HELD
FLEXSHARES TR	TLTD	$412.1K	4,079	0.01%	flat	14q	HELD
CONOCOPHILLIPS	COP	$411.9K	3,292	0.01%	flat	20q	-44.0%-$323.6K
PGIM ETF TR	PULS	$410.2K	8,293	0.01%	flat	3q	+1.0%+$4.2K
AMERICAN EXPRESS CO	AXP	$407.2K	1,339	0.01%	-0.01pp	7q	-51.7%-$435.2K
SCHWAB STRATEGIC TR	SCHA	$398.5K	12,212	0.01%	flat	6q	HELD
ISHARES TR	IJR	$381.7K	2,806	0.00%	flat	14q	+18.4%+$59.3K
BLACKSTONE SECD LENDING FD	BXSL	$377.3K	15,735	0.00%	flat	7q	HELD
WELLTOWER INC	WELL	$375.3K	1,630	0.00%	flat	4q	HELD
VANGUARD INSTL INDEX FD	VGUS	$375.0K	4,960	0.00%	flat	2q	+0.6%+$2.3K
VANGUARD BD INDEX FDS	VUSB	$373.4K	7,535	0.00%	flat	2q	+0.7%+$2.6K
VANGUARD INTL EQUITY INDEX F	VEU	$370.8K	4,469	0.00%	flat	20q	+13.9%+$45.4K
TJX COS INC NEW	TJX	$370.5K	2,800	0.00%	flat	20q	-34.1%-$192.1K
STEPAN CO	SCL	$367.7K	5,895	0.00%	flat	20q	HELD
MARATHON PETE CORP	MPC	$365.0K	923	0.00%	flat	20q	+2.9%+$10.3K
PHILLIPS 66	PSX	$364.5K	1,427	0.00%	flat	20q	-46.5%-$317.0K
CHARLES SCHWAB CORP (THE)	SCHW	$361.9K	3,703	0.00%	flat	20q	-2.1%-$7.7K
AFLAC INC	AFL	$361.2K	3,231	0.00%	flat	7q	HELD
ISHARES TR	IEUR	$353.4K	4,795	0.00%	flat	16q	HELD
DIGITAL RLTY TR INC	DLR	$351.0K	2,000	0.00%	flat	13q	+1.4%+$4.9K
HILLTOP HLDGS INC	HTH	$349.7K	9,286	0.00%	flat	20q	HELD
O'REILLY AUTOMOTIVE INC	ORLY	$348.6K	4,081	0.00%	flat	20q	HELD
LOWES COS INC	LOW	$344.1K	1,868	0.00%	flat	20q	-1.8%-$6.3K
SANDRIDGE ENERGY INC	SD	$337.2K	25,000	0.00%	flat	16q	HELD
nan	MELI	$335.3K	194	0.00%	flat	12q	+5.4%+$17.3K
ISHARES TR	IYW	$323.0K	1,219	0.00%	flat	4q	-7.5%-$26.2K
ISHARES INC	IEMG	$317.0K	3,906	0.00%	flat	6q	+24.3%+$62.0K
EATON CORP PLC	ETN	$314.3K	731	0.00%	flat	20q	-10.7%-$37.8K
SHERWIN WILLIAMS CO	SHW	$313.9K	971	0.00%	flat	20q	HELD
MEDPACE HLDGS INC	MEDP	$312.7K	501	0.00%	flat	16q	HELD
ISHARES TR	IWC	$311.4K	1,685	0.00%	flat	6q	+1.1%+$3.5K
ANTERIS TECHNOLOGIES GLOBAL	AVR	$310.9K	40,008	0.00%	flat	2q	+266.1%+$226.0K
GENERAL DYNAMICS CORP	GD	$308.6K	930	0.00%	flat	20q	-0.5%-$1.7K
SELECT SECTOR SPDR TR	XLE	$307.5K	5,000	0.00%	-	new	NEW
SPDR SERIES TRUST	SPYM	$307.3K	3,423	0.00%	-	new	NEW
SCHWAB STRATEGIC TR	SCHV	$306.0K	9,186	0.00%	flat	5q	HELD
CHENIERE ENERGY INC	LNG	$301.4K	1,120	0.00%	flat	20q	HELD
UNIVERSAL DISPLAY CORP	OLED	$299.9K	3,893	0.00%	flat	4q	HELD
KLA CORP	KLAC	$298.2K	1,530	0.00%	flat	20q	HELD
EXELON CORP	EXC	$295.1K	7,305	0.00%	flat	7q	-0.9%-$2.7K
AMERICAN CENTY ETF TR	AVIV	$293.6K	3,687	0.00%	flat	7q	HELD
CAPITAL GRP FIXED INCM ETF T	CGCP	$293.3K	13,856	0.00%	-	new	NEW
DIMENSIONAL ETF TRUST	DFAW	$286.8K	3,484	0.00%	flat	3q	+4.7%+$12.8K
VANGUARD INDEX FDS	VOT	$286.3K	980	0.00%	flat	6q	HELD
ACCENTURE PLC IRELAND	ACN	$286.1K	1,560	0.00%	-	new	NEW
ISHARES TR	EEM	$283.9K	4,250	0.00%	flat	3q	HELD
DOCUSIGN INC	DOCU	$280.0K	4,170	0.00%	-	new	NEW
PAYPAL HLDGS INC	PYPL	$278.9K	5,309	0.00%	flat	20q	-4.0%-$11.7K
SCHWAB STRATEGIC TR	SCHE	$278.4K	7,639	0.00%	flat	2q	HELD
MARTIN MARIETTA MATLS INC	MLM	$274.0K	571	0.00%	flat	20q	HELD
BILLIONTOONE INC	BLLN	$273.8K	2,572	0.00%	-	new	NEW
ISHARES SILVER TR	SLV	$269.6K	4,946	0.00%	flat	2q	+3.5%+$9.0K
SCHWAB STRATEGIC TR	SCHZ	$267.5K	12,104	0.00%	flat	5q	+2.7%+$7.0K
CHURCH & DWIGHT CO INC	CHD	$266.0K	2,823	0.00%	flat	8q	HELD
AMERICAN ELEC PWR CO INC	AEP	$261.5K	2,204	0.00%	flat	3q	+3.0%+$7.7K
FIRST TR EXCHANGE-TRADED FD	FDN	$261.0K	905	0.00%	flat	8q	HELD
LINDE PLC	LIN	$259.2K	546	0.00%	flat	15q	HELD
GUARDANT HEALTH INC	GH	$258.8K	1,451	0.00%	-	new	NEW
SCHWAB STRATEGIC TR	SCHM	$258.2K	7,589	0.00%	flat	5q	-1.2%-$3.2K
BP PLC	BP	$257.1K	5,846	0.00%	flat	7q	-1.4%-$3.6K
J P MORGAN EXCHANGE TRADED F	JEPI	$256.3K	4,558	0.00%	flat	8q	-13.1%-$38.8K
J P MORGAN EXCHANGE TRADED F	JEPQ	$255.3K	4,167	0.00%	flat	9q	-6.1%-$16.5K
QUALCOMM INC	QCOM	$254.7K	1,384	0.00%	flat	2q	-16.4%-$50.1K
WASTE MGMT INC DEL	WM	$253.0K	1,241	0.00%	flat	20q	HELD
SPROTT ASSET MANAGEMENT LP	PHYS	$252.6K	8,079	0.00%	flat	6q	-1.1%-$2.8K
HONEYWELL INTL INC	HON	$248.3K	1,177	0.00%	flat	2q	HELD
ASML HLDG NV	ASML	$248.2K	137	0.00%	flat	2q	+1.5%+$3.6K
DELTA AIR LINES INC	DAL	$245.2K	2,938	0.00%	flat	2q	+1.7%+$4.1K
VANECK ETF TRUST	SMH	$244.3K	401	0.00%	-	new	NEW
COLUMBIA ETF TR II	XCEM	$243.7K	4,740	0.00%	flat	2q	HELD
LUMENTUM HLDGS INC	LITE	$242.2K	249	0.00%	flat	2q	-4.2%-$10.7K
VANGUARD WORLD FD	VHT	$231.7K	733	0.00%	-	new	NEW
RUBRIK INC.	RBRK	$231.1K	2,019	0.00%	-	new	NEW
OMEGA HEALTHCARE INVS INC	OHI	$224.4K	4,845	0.00%	flat	5q	HELD
NORTHROP GRUMMAN CORP	NOC	$218.9K	453	0.00%	flat	20q	HELD
ENBRIDGE INC	ENB	$218.1K	4,692	0.00%	flat	3q	+4.4%+$9.1K
BLACKROCK INC	BLK	$218.0K	206	0.00%	flat	8q	-4.6%-$10.6K
SCHWAB STRATEGIC TR	SCHK	$213.7K	5,830	0.00%	flat	2q	HELD
MAPLEBEAR INC	CART	$213.7K	4,955	0.00%	flat	2q	+1.7%+$3.6K
ISHARES TR	DVY	$212.1K	1,395	0.00%	flat	2q	HELD
COREWEAVE INC	CRWV	$211.3K	2,426	0.00%	flat	2q	HELD
ISHARES TR	IXUS	$206.5K	2,174	0.00%	flat	2q	HELD
ISHARES TR	TLT	$205.8K	2,646	0.00%	-	new	NEW
ISHARES TR	IWP	$205.4K	1,492	0.00%	flat	6q	-18.6%-$47.1K
VANGUARD WORLD FD	MGK	$204.4K	2,206	0.00%	-	new	NEW
THE CIGNA GROUP	CI	$203.4K	748	0.00%	flat	2q	HELD
RIVIAN AUTOMOTIVE INC	RIVN	$187.2K	12,527	0.00%	flat	13q	HELD
VIRNETX HLDG CORP	VHC	$176.5K	17,321	0.00%	flat	12q	HELD
C3 AI INC	AI	$172.1K	15,659	0.00%	flat	14q	+35.8%+$45.4K
BIT DIGITAL INC	BTBT	$163.0K	100,000	0.00%	flat	13q	HELD
Venture Global Inc	VG	$127.4K	10,078	0.00%	flat	4q	HELD
NOKIA CORP	NOK	$121.3K	11,965	0.00%	flat	20q	-32.5%-$58.3K
ALLIANCEBERNSTEIN GLOBAL HIG	AWF	$117.3K	12,058	0.00%	flat	9q	HELD
SS INNOVATIONS INTERNATIONAL	SSII	$114.6K	38,469	0.00%	flat	6q	HELD
HORIZON TECHNOLOGY FIN CORP	HRZN	$113.6K	24,760	0.00%	flat	2q	HELD
PUTNAM ETF TRUST	FTNJ	$102.0K	12,345	0.00%	-	new	NEW
SPECTRAL AI	MDAI	$100.4K	60,501	0.00%	flat	10q	HELD
SWEETGREEN INC	SG	$97.6K	11,000	0.00%	flat	14q	HELD
LUCID GROUP INC	LCID	$91.1K	22,380	0.00%	flat	5q	HELD
NUVEEN CR STRATEGIES INCOME	JQC	$71.2K	15,000	0.00%	flat	7q	HELD
RED CAT HLDGS INC	RCAT	$71.1K	11,000	0.00%	flat	4q	HELD
APARTMENT INVT & MGMT CO	AIV	$70.6K	35,663	0.00%	-	new	NEW
ANAVEX LIFE SCIENCES CORP	AVXL	$60.8K	30,100	0.00%	flat	7q	HELD
DIGI PWR X INC COM SUB	DGXX	$41.0K	10,000	0.00%	flat	4q	HELD
BORR DRILLING LTD	BORR	$38.9K	10,000	0.00%	flat	2q	HELD
BLAIZE HLDGS INC	BZAI	$32.8K	68,732	0.00%	flat	7q	-45.2%-$27.1K
STEREOTAXIS INC	STXS	$32.7K	26,618	0.00%	flat	10q	HELD
AMBEV SA	ABEV	$32.1K	11,000	0.00%	flat	9q	HELD
PRIME MEDICINE INC	PRME	$30.6K	10,000	0.00%	flat	4q	HELD
PRAIRIE OPER CO	PROP	$4.1K	10,000	0.00%	flat	3q	HELD
American Acquisition Opportunity Inc	RMCOW	$3.1K	20,000	0.00%	flat	3q	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
Biotech & Pharma	$174.1M	2.3%
Software & IT Services	$124.7M	1.6%
Other sectors	$326.1M	4.2%
Not classified	$7.1B	91.9%

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	-1.7%	+2.1%	-3.8%	100%
Q2 2026	+9.1%	+14.8%	-5.8%	100%
Q1 2026	+0.3%	-4.6%	+4.9%	100%
Q4 2025	+2.2%	+2.4%	-0.2%	100%
Q3 2025	+6.4%	+7.8%	-1.5%	100%
Q2 2025	+6.7%	+10.5%	-3.7%	100%
Q1 2025	-0.1%	-4.6%	+4.4%	96%
Q4 2024	-3.5%	+2.1%	-5.7%	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	$7.7B	342	21	90	101	31	84.5%	16
Q2 2026	$7.8B	352	38	101	105	17	84.0%	23
Q1 2026	$7.1B	331	16	57	199	697	83.3%	23
Q4 2025	$7.7B	1,012	58	269	200	54	74.8%	27
Q3 2025	$7.3B	1,008	111	481	142	55	74.9%	24
Q2 2025	$6.6B	952	122	408	229	37	76.5%	30
Q1 2025	$6.0B	867	116	232	215	140	76.7%	32
Q4 2024	$6.0B	891	206	443	73	82	76.2%	51
Q3 2024	$6.0B	767	74	163	141	23	78.5%	29
Q2 2024	$5.5B	716	42	195	155	67	78.0%	30
Q1 2024	$5.9B	741	77	160	158	23	77.3%	39
Q4 2023	$5.3B	687	93	151	227	46	79.4%	38
Q3 2023	$4.5B	640	28	141	108	47	79.2%	37
Q2 2023	$4.5B	659	57	254	96	18	78.5%	26
Q1 2023	$3.5B	620	58	155	136	32	74.0%	19
Q4 2022	$3.0B	594	70	143	154	19	73.1%	24
Q3 2022	$2.1B	543	40	111	142	73	73.7%	38
Q2 2022	$2.0B	576	66	227	111	101	75.8%	46
Q1 2022	$2.1B	611	42	174	114	88	76.2%	46
Q4 2021	$1.9B	657	0	0	0	0	74.3%	49

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.