DaveManuel.com · Institutional Ownership · 13F Holdings
Asset Allocation Strategies LLC
Reported holdings as of Q3 2026, from 16 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SPDR SERIES TRUST | SPYM | $38.5M | 428,438 | -2.06pp | 10q | -25.8%-$13.4M | |
| nan | RWL | $31.2M | 242,677 | +0.20pp | 6q | +6.8%+$2.0M | |
| INVESCO EXCH TRADED FD TR II | QQQM | $29.0M | 95,201 | +0.09pp | 10q | +4.5%+$1.2M | |
| INVESCO QQQ TR | QQQ | $24.3M | 32,896 | - | new | NEW | |
| VANGUARD TAX-MANAGED FDS | VEA | $23.8M | 336,881 | +0.51pp | 16q | +21.1%+$4.1M | |
| SCHWAB STRATEGIC TR | SCHZ | $22.9M | 1,036,672 | +0.10pp | 10q | +11.1%+$2.3M | |
| SCHWAB STRATEGIC TR | SCHD | $22.2M | 681,247 | -0.03pp | 16q | -0.6%-$136.0K | |
| SCHWAB STRATEGIC TR | SCHX | $22.1M | 735,418 | -0.73pp | 10q | -17.3%-$4.6M | |
| ISHARES TR | IOO | $21.3M | 147,621 | +0.09pp | 16q | HELD | |
| SCHWAB STRATEGIC TR | SCHF | $19.9M | 724,361 | -0.01pp | 10q | +3.6%+$682.8K | |
| SCHWAB STRATEGIC TR | FNDX | $19.7M | 624,571 | +0.21pp | 10q | +9.7%+$1.7M | |
| SCHWAB STRATEGIC TR | SCHG | $17.8M | 496,675 | +0.42pp | 10q | +14.8%+$2.3M | |
| VANGUARD WHITEHALL FDS | VYM | $17.2M | 110,565 | +0.02pp | 16q | +5.5%+$889.8K | |
| ISHARES TR | IWY | $17.1M | 58,001 | +0.13pp | 16q | +7.0%+$1.1M | |
| SPDR SERIES TRUST | SPYG | $16.9M | 137,393 | +0.05pp | 14q | +1.6%+$271.6K | |
| MORGAN STANLEY ETF TRUST | EVTR | $14.0M | 291,517 | +0.70pp | 6q | +62.2%+$5.4M | |
| PIMCO ETF TR | BOND | $14.0M | 161,360 | +0.58pp | 7q | +51.0%+$4.7M | |
| ISHARES TR | AGG | $13.9M | 146,608 | -0.05pp | 9q | +5.4%+$712.1K | |
| INVESCO ACTIVELY MANAGED EXC | GTO | $11.0M | 246,751 | -0.04pp | 9q | +5.8%+$604.3K | |
| ISHARES TR | IEFA | $10.4M | 107,446 | +0.79pp | 6q | +108.6%+$5.4M | |
| ISHARES TR | IJH | $9.9M | 137,443 | -0.18pp | 14q | -1.7%-$173.1K | |
| ISHARES TR | IJR | $9.7M | 71,591 | -0.27pp | 16q | -5.6%-$577.9K | |
| PGIM ETF TR | PAAA | $9.1M | 177,171 | -0.19pp | 9q | -9.5%-$956.8K | |
| INVESCO EXCHANGE TRADED FD T | SPHQ | $8.9M | 106,446 | -0.05pp | 2q | +6.0%+$504.9K | |
| SCHWAB STRATEGIC TR | SCHE | $8.9M | 243,135 | +0.65pp | 9q | +100.5%+$4.4M | |
| INVESCO EXCH TRADED FD TR II | GOVI | $8.2M | 324,896 | - | new | NEW | |
| INVESCO EXCH TRD SLF IDX FD | OMFL | $8.0M | 114,232 | flat | 10q | +1.1%+$85.9K | |
| SCHWAB STRATEGIC TR | FNDF | $7.7M | 143,387 | -0.50pp | 10q | -29.7%-$3.3M | |
| SCHWAB STRATEGIC TR | SCHC | $6.7M | 134,222 | +0.09pp | 9q | +8.9%+$547.8K | |
| SCHWAB STRATEGIC TR | SCHA | $6.1M | 186,555 | -0.02pp | 10q | +11.3%+$620.3K | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $6.1M | 107,770 | +0.08pp | 14q | +12.9%+$693.3K | |
| SCHWAB STRATEGIC TR | SCHH | $5.5M | 248,410 | -0.10pp | 10q | -1.7%-$96.8K | |
| ISHARES INC | IEMG | $5.5M | 67,353 | +0.49pp | 6q | +162.3%+$3.4M | |
| CAPITAL GROUP CORE BALANCED | CGBL | $5.1M | 137,516 | +0.36pp | 5q | +101.5%+$2.5M | |
| INVESCO EXCH TRD SLF IDX FD | IMFL | $4.6M | 138,302 | -0.02pp | 9q | +2.9%+$128.7K | |
| INVESCO EXCHANGE TRADED FD T | XLG | $4.5M | 70,122 | flat | 16q | -1.3%-$58.1K | |
| ISHARES TR | FALN | $4.4M | 168,074 | -0.06pp | 16q | HELD | |
| FIRST TR EXCH TRADED FD III | FPE | $3.9M | 230,158 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | FVD | $3.8M | 80,893 | -0.06pp | 9q | -4.1%-$161.8K | |
| FIRST TR EXCHANGE TRADED FD | RDVY | $3.7M | 47,323 | -0.06pp | 16q | -3.7%-$142.7K | |
| INVESCO ACTIVELY MANAGED EXC | ICLO | $3.6M | 140,441 | flat | 6q | +3.5%+$120.3K | |
| SELECT SECTOR SPDR TR | XLF | $3.5M | 65,026 | -0.11pp | 16q | -14.4%-$585.6K | |
| AMERICAN CENTY ETF TR | AVEM | $3.3M | 34,897 | +0.34pp | 3q | +245.4%+$2.3M | |
| ISHARES TR | IVW | $3.2M | 22,839 | -0.03pp | 16q | -7.0%-$244.8K | |
| JACKSON FINANCIAL INC | JXN | $3.1M | 24,098 | +0.09pp | 14q | +2.0%+$61.4K | |
| FIRST TR EXCH TRADED FD III | FTLS | $3.1M | 39,914 | -0.03pp | 8q | -6.7%-$219.3K | |
| SCHWAB STRATEGIC TR | SCHO | $3.0M | 126,658 | +0.01pp | 10q | +7.7%+$215.4K | |
| APPLE INC | AAPL | $3.0M | 8,868 | +0.05pp | 14q | +0.7%+$20.3K | |
| VANGUARD MUN BD FDS | VTEB | $2.8M | 58,185 | +0.11pp | 3q | +52.1%+$944.1K | |
| FIRST TR EXCH TRADED FD III | HUSV | $2.7M | 70,554 | -0.02pp | 9q | -0.8%-$21.2K | |
| INVESCO EXCHANGE TRADED FD T | GRPM | $2.6M | 19,182 | +0.01pp | 6q | +2.6%+$65.8K | |
| GLOBAL X FDS | MLPA | $2.6M | 47,990 | +0.07pp | 6q | +24.9%+$509.4K | |
| INVESCO EXCH TRADED FD TR II | BKLN | $2.3M | 114,489 | flat | 9q | +3.2%+$72.6K | |
| J P MORGAN EXCHANGE TRADED F | JMEE | $2.2M | 29,897 | -0.02pp | 9q | +2.5%+$54.7K | |
| VANGUARD MALVERN FDS | VTIP | $2.2M | 43,690 | -0.02pp | 16q | -2.5%-$54.9K | |
| INVESCO EXCH TRADED FD TR II | IFLN | $2.1M | 121,638 | -0.02pp | 6q | +2.8%+$56.8K | |
| ISHARES U S ETF TR | MEAR | $2.1M | 42,514 | flat | 3q | +3.9%+$79.0K | |
| FIRST TR EXCHNG TRADED FD VI | BUFR | $2.1M | 56,091 | flat | 8q | -0.8%-$15.9K | |
| MORGAN STANLEY ETF TRUST | EVSM | $2.1M | 42,230 | flat | 3q | +4.0%+$79.4K | |
| SELECT SECTOR SPDR TR | XLE | $2.1M | 33,669 | -0.02pp | 14q | -17.3%-$433.9K | |
| INVESCO ACTIVELY MANAGED EXC | PHDG | $2.0M | 48,975 | -0.07pp | 16q | -16.8%-$407.8K | |
| NVIDIA CORPORATION | NVDA | $2.0M | 8,838 | +0.04pp | 11q | +3.1%+$61.4K | |
| FLEXSHARES TR | IQDY | $2.0M | 47,613 | -0.03pp | 16q | -6.0%-$127.1K | |
| VANGUARD INDEX FDS | VOO | $2.0M | 2,843 | flat | 11q | HELD | |
| SCHWAB STRATEGIC TR | FNDA | $2.0M | 56,864 | -0.21pp | 9q | -34.7%-$1.1M | |
| J P MORGAN EXCHANGE TRADED F | JPST | $1.8M | 36,410 | +0.01pp | 11q | +5.5%+$95.3K | |
| SCHWAB STRATEGIC TR | FNDE | $1.8M | 42,283 | -0.17pp | 9q | -40.7%-$1.2M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.6M | 2,102 | -0.09pp | 16q | -26.0%-$562.8K | |
| SELECT SECTOR SPDR TR | XLV | $1.5M | 8,853 | -0.07pp | 16q | -25.0%-$497.0K | |
| FIRST TR EXCHANGE-TRADED FD | FTCB | $1.4M | 71,118 | flat | 6q | +10.6%+$134.9K | |
| WISDOMTREE TR | WTMF | $1.4M | 33,248 | flat | 9q | -1.4%-$20.1K | |
| FIRST TR EXCHANGE-TRADED FD | RDVI | $1.4M | 50,296 | +0.02pp | 6q | +20.1%+$235.1K | |
| SELECT SECTOR SPDR TR | XLU | $1.4M | 34,376 | -0.04pp | 16q | -1.0%-$13.6K | |
| FIRST TR EXCHANGE TRADED FD | FXU | $1.4M | 30,770 | -0.02pp | 8q | +7.1%+$90.0K | |
| ISHARES TR | IWR | $1.3M | 12,007 | -0.07pp | 16q | -22.1%-$363.0K | |
| FIRST TR EXCHANGE-TRADED FD | TDIV | $1.3M | 11,278 | -0.01pp | 6q | +1.4%+$17.4K | |
| FIRST TR EXCHANGE-TRADED FD | FTSL | $1.2M | 27,824 | -0.01pp | 16q | -2.1%-$26.1K | |
| VANGUARD INTL EQUITY INDEX F | VSS | $1.2M | 7,677 | flat | 9q | +1.2%+$14.0K | |
| AMAZON COM INC | AMZN | $1.2M | 4,675 | +0.01pp | 14q | +5.4%+$59.3K | |
| GLOBAL X FDS | MLPX | $1.1M | 16,425 | flat | 8q | +11.3%+$116.1K | |
| ISHARES TR | IVV | $1.1M | 1,459 | flat | 10q | HELD | |
| SCHWAB STRATEGIC TR | FNDC | $1.1M | 22,132 | -0.09pp | 9q | -34.1%-$570.2K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $1.1M | 4,620 | -0.08pp | 14q | -30.8%-$479.2K | |
| SCHWAB STRATEGIC TR | SCMB | $1.0M | 43,367 | +0.02pp | 8q | +29.0%+$235.7K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $973.6K | 15,892 | flat | 11q | +1.4%+$13.0K | |
| FIRST TR EXCHANGE TRADED FD | FPXI | $964.7K | 14,304 | -0.05pp | 16q | -3.1%-$30.5K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $928.6K | 26,077 | flat | 16q | +2.8%+$25.6K | |
| ENERGY TRANSFER L P | ET | $914.4K | 46,254 | flat | 14q | +2.3%+$20.2K | |
| FIRST TR EXCHNG TRADED FD VI | AFLG | $909.8K | 20,606 | flat | 5q | +2.7%+$23.8K | |
| MICROSOFT CORP | MSFT | $895.4K | 1,746 | +0.01pp | 14q | -16.3%-$174.9K | |
| CAPITAL GRP FIXED INCM ETF T | CGCP | $887.7K | 41,934 | -0.01pp | 10q | +2.4%+$21.2K | |
| INVESCO EXCHANGE TRADED FD T | XSVM | $884.4K | 13,586 | -0.02pp | 16q | -4.7%-$43.2K | |
| ISHARES TR | IWL | $871.7K | 4,584 | -0.03pp | 16q | -17.9%-$190.5K | |
| ISHARES ETHEREUM TR | ETHA | $824.8K | 40,992 | +0.05pp | 8q | +0.6%+$5.3K | |
| VANGUARD BD INDEX FDS | BIV | $817.4K | 11,219 | -0.01pp | 9q | +1.0%+$7.8K | |
| SELECT SECTOR SPDR TR | XLP | $808.6K | 10,032 | -0.03pp | 16q | -12.4%-$114.5K | |
| FIRST TR EXCHANGE-TRADED FD | FTGS | $805.2K | 21,233 | +0.01pp | 5q | +7.0%+$52.8K | |
| SCHWAB STRATEGIC TR | SCHP | $797.3K | 31,727 | flat | 11q | +9.9%+$71.6K | |
| SCHWAB STRATEGIC TR | SCYB | $787.3K | 31,191 | flat | 5q | +6.7%+$49.2K | |
| FIRST TR EXCHNG TRADED FD VI | LALT | $737.3K | 29,840 | - | new | NEW | |
| INVESCO ACTIVELY MANAGED EXC | VRIG | $680.2K | 27,181 | flat | 9q | +1.2%+$8.2K | |
| STATE STR SPDR DOW JONES IND | DIA | $677.2K | 1,332 | -0.04pp | 16q | -26.4%-$243.0K | |
| FIRST TR EXCHANGE-TRADED FD | FIIG | $666.4K | 33,950 | flat | 6q | +12.8%+$75.8K | |
| FIRST TR EXCHANGE-TRADED ALP | FTA | $656.2K | 6,886 | -0.01pp | 5q | -4.5%-$30.7K | |
| FIDELITY COVINGTON TRUST | FDLO | $650.2K | 9,201 | -0.04pp | 14q | -30.7%-$288.1K | |
| ISHARES TR | QUAL | $648.1K | 2,916 | +0.01pp | 9q | +12.2%+$70.5K | |
| SELECT SECTOR SPDR TR | XLRE | $639.8K | 15,638 | -0.01pp | 16q | +1.7%+$10.7K | |
| FIRST TR EXCHANGE-TRADED FD | FTHI | $625.7K | 26,523 | +0.03pp | 3q | +43.5%+$189.8K | |
| FIRST TR EXCHANGE TRAD FD VI | FTGC | $617.7K | 20,192 | +0.01pp | 14q | -2.2%-$14.1K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $573.5K | 3,066 | +0.03pp | 8q | +2.9%+$15.9K | |
| ABRDN FDS | ASCI | $569.9K | 15,652 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $542.7K | 1,640 | flat | 12q | +3.0%+$15.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $521.4K | 1,047 | flat | 11q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $521.1K | 2,662 | -0.01pp | 9q | -10.7%-$62.3K | |
| ISHARES TR | IMCG | $517.7K | 5,514 | -0.01pp | 16q | -8.4%-$47.4K | |
| FIRST TR EXCHANGE-TRADED FD | FTCS | $517.0K | 5,509 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | QTEC | $505.7K | 1,534 | -0.02pp | 4q | -17.1%-$104.2K | |
| FIRST TR EXCHANGE-TRADED FD | FDN | $491.4K | 1,704 | - | new | NEW | |
| FRANKLIN TEMPLETON ETF TR | INCM | $490.1K | 17,221 | flat | 7q | +1.3%+$6.1K | |
| ISHARES TR | MUB | $485.4K | 4,801 | -0.01pp | 11q | +2.1%+$10.2K | |
| FIRST TR EXCHANGE-TRADED FD | FDL | $484.2K | 9,859 | flat | 3q | +1.8%+$8.7K | |
| JANUS DETROIT STR TR | VNLA | $475.2K | 9,786 | flat | 14q | HELD | |
| FRANKLIN ETF TR | FTSD | $472.4K | 5,310 | flat | 3q | +2.9%+$13.4K | |
| CITIGROUP INC | C | $470.2K | 3,632 | -0.01pp | 12q | -6.3%-$31.7K | |
| ALPHABET INC | GOOG | $454.8K | 1,335 | -0.01pp | 6q | -1.0%-$4.8K | |
| ISHARES TR | ISCG | $454.6K | 7,430 | -0.01pp | 16q | -6.6%-$31.9K | |
| TARGET CORP | TGT | $452.3K | 2,887 | +0.01pp | 5q | +0.6%+$2.7K | |
| SCHWAB STRATEGIC TR | SCHI | $450.4K | 21,010 | flat | 9q | +7.2%+$30.4K | |
| FIRST TR EXCHANGE-TRADED FD | FTQI | $440.0K | 19,858 | +0.02pp | 2q | +42.2%+$130.5K | |
| SPDR SERIES TRUST | SPYV | $434.6K | 7,110 | flat | 9q | -1.3%-$5.6K | |
| VANGUARD INDEX FDS | VNQ | $432.8K | 4,828 | -0.03pp | 14q | -22.8%-$128.1K | |
| ISHARES TR | ILCB | $419.8K | 3,973 | flat | 14q | HELD | |
| ALPHABET INC | GOOGL | $406.0K | 1,180 | -0.02pp | 5q | -18.0%-$89.1K | |
| FIRST TR EXCHNG TRADED FD VI | FIXD | $396.9K | 9,618 | flat | 5q | +8.5%+$31.0K | |
| FIRST TR EXCH TRD ALPHDX FD | FDT | $376.9K | 4,023 | +0.01pp | 5q | +15.1%+$49.4K | |
| STRATEGY SHS | HNDL | $371.1K | 17,219 | flat | 16q | +1.5%+$5.6K | |
| VANGUARD INDEX FDS | VTV | $349.9K | 1,619 | -0.06pp | 10q | -50.5%-$356.4K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $346.8K | 5,848 | flat | 10q | +0.9%+$3.1K | |
| VANGUARD WORLD FD | VGT | $325.4K | 2,589 | +0.01pp | 2q | +19.5%+$53.0K | |
| TRANE TECHNOLOGIES PLC | TT | $325.0K | 719 | -0.02pp | 13q | -23.8%-$101.7K | |
| CATERPILLAR INC | CAT | $311.9K | 385 | -0.02pp | 4q | -8.8%-$30.0K | |
| BOEING CO | BA | $311.6K | 1,675 | -0.01pp | 10q | -0.8%-$2.4K | |
| FIDELITY COVINGTON TRUST | FIVA | $305.1K | 8,018 | flat | 4q | +1.1%+$3.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $298.2K | 328 | -0.01pp | 10q | -8.9%-$29.1K | |
| ISHARES TR | IWF | $296.7K | 2,369 | -0.05pp | 14q | -51.5%-$315.5K | |
| SCHWAB STRATEGIC TR | SCHR | $296.0K | 12,491 | flat | 8q | +8.7%+$23.6K | |
| VANGUARD INDEX FDS | VUG | $294.1K | 3,263 | flat | 2q | HELD | |
| Rio Tinto PLC | RIO | $293.0K | 3,112 | flat | 4q | +3.4%+$9.6K | |
| INVESCO EXCH TRADED FD TR II | PCY | $289.1K | 14,540 | flat | 9q | +2.3%+$6.5K | |
| FIRST TR EXCH TRD ALPHDX FD | FEM | $288.8K | 8,967 | flat | 2q | +3.7%+$10.4K | |
| VANGUARD INDEX FDS | VBK | $288.1K | 853 | flat | 9q | +3.3%+$9.1K | |
| META PLATFORMS INC | META | $286.7K | 395 | +0.01pp | 3q | -8.1%-$25.4K | |
| JOHNSON & JOHNSON | JNJ | $284.7K | 1,075 | flat | 4q | +3.3%+$9.0K | |
| AMPLIFY ETF TR | DIVO | $283.2K | 6,091 | flat | 14q | +4.2%+$11.4K | |
| TESLA INC | TSLA | $282.4K | 796 | -0.01pp | 6q | +2.6%+$7.1K | |
| AT&T INC | T | $277.4K | 11,367 | +0.01pp | 13q | HELD | |
| DTE ENERGY CO | DTE | $272.8K | 2,240 | -0.01pp | 11q | +0.7%+$1.9K | |
| ISHARES TR | SUB | $272.6K | 2,608 | - | new | NEW | |
| DELTA AIR LINES INC | DAL | $271.9K | 3,257 | -0.01pp | 5q | -13.1%-$41.0K | |
| FIRST TR EXCHANGE-TRADED FD | FID | $257.9K | 11,567 | flat | 3q | +0.7%+$1.8K | |
| CAPITAL ONE FINL CORP | COF | $245.8K | 1,273 | -0.01pp | 11q | -9.9%-$27.0K | |
| FIRST TR EXCHANGE-TRADED FD | LGOV | $243.2K | 12,416 | flat | 2q | +10.1%+$22.4K | |
| DEERE CO | DE | $236.9K | 353 | flat | 2q | HELD | |
| FIRST TR EXCH TRD ALPHDX FD | FEP | $235.5K | 4,175 | flat | 3q | +0.6%+$1.4K | |
| FIRST TR EXCHNG TRADED FD VI | YDEC | $223.4K | 8,023 | flat | 6q | HELD | |
| WELLS FARGO & CO | WFC | $220.3K | 2,752 | flat | 4q | +1.0%+$2.1K | |
| INVESCO ACTIVELY MANAGED EXC | EFAA | $219.8K | 4,000 | flat | 2q | +4.2%+$8.8K | |
| FIRST TR EXCHANGE-TRADED FD | LMBS | $218.2K | 4,502 | flat | 2q | +10.1%+$20.1K | |
| ABRDN PRECIOUS METALS BASKET | GLTR | $209.2K | 1,123 | - | new | NEW | |
| BROADCOM INC | AVGO | $204.6K | 583 | flat | 2q | +9.4%+$17.6K | |
| PFIZER INC | PFE | $202.2K | 7,089 | - | new | NEW |
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 |
|---|---|---|
| Insurance | $3.6M | 0.5% |
| Other sectors | $19.4M | 2.9% |
| Not classified | $645.0M | 96.5% |
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 | -0.1% | +2.1% | -2.3% | 94% |
| Q2 2026 | +10.4% | +14.8% | -4.4% | 99% |
| Q1 2026 | -0.8% | -4.6% | +3.9% | 96% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 115% |
| Q2 2025 | +6.9% | +10.5% | -3.6% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 97% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 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 | $668.0M | 171 | 10 | 93 | 57 | 16 | 38.2% | 20 |
| Q2 2026 | $649.1M | 177 | 17 | 99 | 50 | 7 | 40.1% | 48 |
| Q1 2026 | $563.1M | 167 | 19 | 74 | 58 | 14 | 39.4% | 22 |
| Q4 2025 | $540.4M | 162 | 17 | 85 | 45 | 3 | 37.4% | 44 |
| Q3 2025 | $505.1M | 148 | 16 | 58 | 60 | 4 | 35.3% | 8 |
| Q2 2025 | $452.5M | 136 | 19 | 55 | 56 | 8 | 37.1% | 46 |
| Q1 2025 | $401.9M | 125 | 4 | 63 | 47 | 4 | 35.4% | 45 |
| Q4 2024 | $415.5M | 125 | 14 | 64 | 38 | 6 | 35.8% | 135 |
| Q3 2024 | $351.3M | 117 | 28 | 36 | 44 | 3 | 38.8% | 49 |
| Q2 2024 | $297.4M | 92 | 20 | 29 | 38 | 6 | 49.2% | 31 |
| Q1 2024 | $283.1M | 78 | 12 | 41 | 15 | 1 | 50.3% | 37 |
| Q4 2023 | $256.1M | 67 | 6 | 43 | 13 | 3 | 51.2% | 45 |
| Q3 2023 | $216.7M | 64 | 4 | 49 | 8 | 2 | 51.3% | 48 |
| Q2 2023 | $211.8M | 62 | 29 | 33 | 0 | 0 | 51.1% | 45 |
| Q1 2023 | $34.7M | 33 | 0 | 1 | 30 | 22 | 54.3% | 45 |
| Q4 2022 | $147.3M | 55 | 0 | 0 | 0 | 0 | 53.8% | 47 |
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.