DaveManuel.com · Institutional Ownership · 13F Holdings

Beaumont Financial Advisors, LLC

Reported holdings as of Q3 2026, from 16 quarterly filings.

CIK

1957394

Reported value

$1.6B

Positions

383

Top 10 weight

32.4%

Filed

2026-10-22

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
APPLE INC	AAPL	$83.9M	252,033	5.28%	+0.57pp	16q	-1.2%-$1.1M
ALPHABET INC	GOOGL	$71.8M	208,809	4.52%	-0.31pp	16q	-1.6%-$1.2M
ISHARES TR	IVV	$66.5M	86,888	4.18%	-0.02pp	16q	-1.4%-$938.2K
MICROSOFT CORP	MSFT	$56.6M	110,387	3.56%	+0.93pp	16q	HELD
NVIDIA CORPORATION	NVDA	$48.1M	210,404	3.02%	+0.35pp	16q	HELD
ISHARES TR	IJH	$42.7M	593,452	2.68%	-0.22pp	16q	HELD
ISHARES TR	IJT	$40.1M	250,003	2.52%	-0.32pp	16q	HELD
AMAZON COM INC	AMZN	$37.5M	150,541	2.36%	+0.06pp	16q	-0.5%-$196.3K
ADVISORS INNER CIRCLE FD III	SAMT	$35.1M	842,555	2.21%	-0.27pp	16q	+3.2%+$1.1M
FIDELITY WISE ORIGIN BITCOIN	FBTC	$33.2M	456,587	2.08%	+0.61pp	10q	+0.8%+$260.0K
ISHARES TR	LDRT	$32.1M	1,303,923	2.02%	+0.31pp	3q	+21.9%+$5.8M
VANGUARD INDEX FDS	VUG	$30.8M	341,877	1.94%	+0.05pp	16q	HELD
JOHNSON & JOHNSON	JNJ	$29.3M	110,549	1.84%	+0.04pp	16q	-0.6%-$176.6K
META PLATFORMS INC	META	$29.0M	40,013	1.82%	+0.38pp	16q	-0.6%-$173.3K
BERKSHIRE HATHAWAY INC DEL	BRKB	$28.0M	56,150	1.76%	-0.05pp	16q	-1.2%-$339.6K
ISHARES TR	SGOV	$27.5M	273,127	1.73%	-0.12pp	16q	-5.5%-$1.6M
VANGUARD INDEX FDS	VOO	$26.8M	38,186	1.68%	+0.01pp	16q	HELD
T ROWE PRICE EXCHANGE-TRADED	TEQI	$24.2M	478,803	1.52%	-	new	NEW
SPROTT ASSET MANAGEMENT LP	CEF	$23.4M	562,378	1.47%	+0.02pp	16q	HELD
FIDELITY COVINGTON TRUST	FFLC	$22.4M	378,715	1.41%	+0.01pp	2q	+1.9%+$424.5K
VISA INC	V	$21.8M	60,664	1.37%	+0.03pp	16q	-1.5%-$327.0K
EA SERIES TRUST	FRDM	$20.8M	296,627	1.30%	-0.12pp	16q	-3.7%-$788.5K
FIDELITY COVINGTON TRUST	FELC	$19.6M	453,294	1.23%	-	new	NEW
SPDR SERIES TRUST	BIL	$19.5M	213,188	1.23%	-0.10pp	10q	-6.7%-$1.4M
TIDAL TRUST III	AIS	$19.0M	254,297	1.19%	-0.55pp	5q	-20.6%-$4.9M
MCDONALDS CORP	MCD	$16.8M	72,704	1.06%	-0.21pp	16q	-0.8%-$143.4K
PACER FDS TR	GCOW	$16.3M	364,849	1.03%	-	new	NEW
VANECK FDS	EMBX	$15.9M	321,742	1.00%	-0.06pp	4q	HELD
GRAYSCALE BITCOIN TRUST ETF	GBTC	$15.7M	242,947	0.99%	+0.26pp	10q	-2.7%-$430.5K
ISHARES TR	DGRO	$15.0M	198,417	0.94%	-0.03pp	16q	-1.2%-$179.4K
FIDELITY COVINGTON TRUST	FFGX	$14.5M	428,045	0.91%	-1.07pp	6q	-52.3%-$15.9M
FIRST TR EXCHANGE-TRADED FD	WCMI	$13.9M	728,843	0.87%	-0.55pp	6q	-36.4%-$8.0M
VANECK ETF TRUST	CLOI	$13.9M	261,852	0.87%	+0.01pp	14q	+2.9%+$389.9K
FIRST TR EXCHANGE-TRADED FD	RDVI	$13.7M	492,160	0.86%	-0.09pp	6q	-2.9%-$403.7K
VANECK ETF TRUST	RAAX	$13.6M	342,327	0.86%	-0.03pp	4q	-3.0%-$423.8K
FIRST TR EXCHANGE-TRADED FD	FDN	$12.3M	42,664	0.77%	+0.04pp	16q	-1.7%-$215.2K
FIRST TR EXCHANGE-TRADED FD	ACYS	$12.1M	587,873	0.76%	+0.74pp	2q	+3352.0%+$11.7M
PEPSICO INC	PEP	$11.9M	93,957	0.75%	-0.09pp	16q	-3.1%-$381.9K
SPDR SERIES TRUST	XNTK	$11.8M	30,817	0.74%	-0.01pp	2q	+1.7%+$194.2K
ISHARES TR	HDV	$10.6M	377,816	0.66%	+0.01pp	16q	+0.8%+$84.9K
DICKS SPORTING GOODS INC	DKS	$10.3M	76,553	0.65%	-0.47pp	16q	-1.3%-$134.6K
ALPHABET INC	GOOG	$9.8M	28,872	0.62%	-0.03pp	16q	+0.6%+$55.5K
J P MORGAN EXCHANGE TRADED F	JGRO	$9.7M	100,407	0.61%	-0.01pp	16q	+2.4%+$229.9K
VANECK ETF TRUST	HAP	$9.4M	128,284	0.59%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JPIE	$9.1M	203,808	0.58%	+0.38pp	7q	+205.3%+$6.2M
GMO ETF TRUST	GMOI	$9.0M	227,694	0.57%	+0.09pp	2q	+13.9%+$1.1M
GOLDMAN SACHS ETF TR	GSST	$8.9M	177,007	0.56%	-	new	NEW
ISHARES TR	DVY	$8.7M	56,996	0.54%	-0.01pp	16q	+2.3%+$195.1K
Allspring Core Plus Etf	APLU	$8.4M	360,802	0.53%	-0.61pp	7q	-50.5%-$8.6M
FIRST TR EXCHANGE-TRADED FD	SCIO	$8.2M	410,246	0.51%	-0.05pp	3q	-3.9%-$335.9K
FIRST TR EXCHANGE TRADED FD	FXH	$8.1M	61,710	0.51%	-	new	NEW
AMERICAN ELEC PWR CO INC	AEP	$7.0M	58,871	0.44%	-0.07pp	13q	HELD
ABBOTT LABORATORIES	ABT	$6.8M	68,776	0.43%	-0.04pp	16q	-14.3%-$1.1M
VANGUARD INDEX FDS	VTV	$6.7M	30,907	0.42%	-0.01pp	16q	-0.7%-$44.5K
FIDELITY COVINGTON TRUST	FTEC	$6.5M	21,785	0.41%	+0.01pp	16q	-2.0%-$134.1K
INVESCO ACTIVELY MANAGED EXC	VRIG	$6.4M	255,144	0.40%	-0.02pp	16q	-4.3%-$288.9K
EXXONMOBIL HOLDINGS CORP	XOM	$5.9M	36,545	0.37%	+0.23pp	2q	+117.3%+$3.2M
CHEVRON CORPORATION	CVX	$5.5M	27,177	0.35%	+0.15pp	16q	+42.8%+$1.7M
JPMORGAN CHASE & CO	JPM	$5.5M	16,767	0.35%	+0.01pp	16q	+3.6%+$193.2K
ELI LILLY & CO	LLY	$5.4M	4,682	0.34%	-0.02pp	16q	-1.6%-$90.3K
SPDR SERIES TRUST	SPYM	$5.4M	60,031	0.34%	flat	16q	HELD
SPROTT ASSET MANAGEMENT LP	PHYS	$5.4M	171,981	0.34%	flat	16q	-2.2%-$123.7K
VANECK ETF TRUST	MOAT	$5.2M	49,420	0.33%	-0.19pp	14q	-36.4%-$3.0M
GRAYSCALE BITCOIN MINI TR ET	BTC	$5.2M	140,229	0.33%	+0.09pp	8q	-3.3%-$179.3K
LAM RESEARCH CORP	LRCX	$5.1M	15,514	0.32%	-0.13pp	8q	-5.4%-$292.4K
DELL TECHNOLOGIES INC	DELL	$4.7M	8,713	0.29%	+0.06pp	16q	HELD
ADVANCED MICRO DEVICES INC	AMD	$4.5M	7,282	0.28%	+0.01pp	16q	HELD
STATE STR SPDR S&P 500 ETF T	SPY	$4.3M	5,697	0.27%	flat	16q	HELD
SCHWAB STRATEGIC TR	SCHX	$4.3M	144,278	0.27%	flat	16q	HELD
VANGUARD INDEX FDS	VV	$4.2M	12,070	0.27%	flat	16q	HELD
TJX COS INC NEW	TJX	$4.2M	31,751	0.26%	-0.04pp	16q	-0.7%-$29.2K
TIDAL TRUST III	OMAH	$4.2M	237,896	0.26%	-0.04pp	6q	-7.7%-$348.8K
BROADCOM INC	AVGO	$4.1M	11,698	0.26%	-0.02pp	16q	HELD
VANECK ETF TRUST	SMH	$4.0M	6,568	0.25%	-0.02pp	8q	HELD
BANK OF AMER CORP	BAC	$3.9M	72,257	0.25%	-0.01pp	16q	+0.5%+$20.4K
ISHARES TR	IJR	$3.8M	27,682	0.24%	-0.03pp	16q	-2.6%-$99.6K
PHILIP MORRIS INTL INC	PM	$3.8M	19,699	0.24%	+0.01pp	8q	-1.6%-$60.9K
VANGUARD INDEX FDS	VTI	$3.7M	9,845	0.23%	flat	16q	HELD
NEXTERA ENERGY INC	NEE	$3.5M	46,632	0.22%	-0.03pp	16q	+2.4%+$82.6K
WASTE CONNECTIONS INC	WCN	$3.5M	22,500	0.22%	-0.03pp	7q	-3.3%-$116.7K
ISHARES TR	IWF	$3.3M	26,402	0.21%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	JPEF	$3.2M	39,781	0.20%	-1.26pp	12q	-86.1%-$19.9M
DEERE CO	DE	$3.1M	4,672	0.20%	+0.01pp	16q	HELD
MCCORMICK & CO INC	MKC	$3.1M	67,261	0.20%	-	new	NEW
GENERAL DYNAMICS CORP	GD	$3.0M	9,155	0.19%	-0.02pp	14q	HELD
COSTCO WHOLESALE CORPORATION	COST	$3.0M	3,313	0.19%	-0.01pp	16q	+1.0%+$30.9K
VANGUARD INDEX FDS	VO	$2.8M	36,197	0.18%	-0.01pp	16q	HELD
INVESCO QQQ TR	QQQ	$2.8M	3,777	0.18%	flat	16q	+2.3%+$62.1K
FIRST TR EXCHANGE TRADED FD	RDVY	$2.7M	34,413	0.17%	-0.02pp	12q	-6.7%-$192.0K
SCHWAB STRATEGIC TR	SCHG	$2.6M	71,426	0.16%	+0.01pp	16q	HELD
AMERICAN EXPRESS CO	AXP	$2.5M	8,252	0.16%	-0.02pp	16q	HELD
VANGUARD INDEX FDS	VB	$2.4M	8,474	0.15%	-0.01pp	16q	HELD
PROCTER & GAMBLE CO	PG	$2.3M	15,995	0.15%	-0.01pp	16q	-4.6%-$111.0K
QUALCOMM INC	QCOM	$2.3M	12,423	0.14%	flat	16q	HELD
MERCK & CO INC	MRK	$2.2M	14,963	0.14%	+0.01pp	16q	-1.5%-$33.7K
COCA COLA CO	KO	$2.1M	24,862	0.13%	+0.01pp	16q	HELD
J P MORGAN EXCHANGE TRADED F	JEPI	$2.1M	37,739	0.13%	+0.01pp	16q	+6.2%+$123.0K
T ROWE PRICE EXCHANGE-TRADED	TDVG	$2.0M	41,730	0.13%	flat	16q	HELD
SCHWAB STRATEGIC TR	SCHM	$2.0M	59,037	0.13%	-0.01pp	16q	HELD
ABBVIE INC	ABBV	$2.0M	7,654	0.13%	flat	16q	HELD
TIDAL TRUST III	POW	$2.0M	76,892	0.13%	-0.71pp	4q	-81.9%-$9.0M
FIDELITY COVINGTON TRUST	FHLC	$2.0M	24,122	0.12%	flat	5q	-2.3%-$46.1K
MICRON TECHNOLOGY INC	MU	$2.0M	1,850	0.12%	-0.04pp	5q	-15.7%-$366.3K
SPROTT ASSET MANAGEMENT LP	PSLV	$2.0M	101,350	0.12%	flat	16q	HELD
SELECT SECTOR SPDR TR	XLP	$1.9M	23,961	0.12%	-0.01pp	16q	-2.7%-$53.2K
FIRST TR EXCHANGE-TRADED FD	ACYN	$1.9M	91,701	0.12%	+0.04pp	2q	+55.0%+$678.6K
VANGUARD BD INDEX FDS	BND	$1.9M	26,982	0.12%	-0.01pp	16q	+0.8%+$15.7K
FIDELITY COVINGTON TRUST	FENY	$1.9M	55,690	0.12%	flat	8q	-13.2%-$287.5K
TOAST INC	TOST	$1.9M	65,037	0.12%	flat	16q	HELD
INTEL CORP	INTC	$1.9M	15,401	0.12%	-0.02pp	16q	-0.7%-$13.5K
FIDELITY COVINGTON TRUST	FSTA	$1.8M	35,689	0.11%	flat	16q	+1.8%+$32.9K
NETFLIX INC.	NFLX	$1.8M	25,632	0.11%	+0.09pp	10q	+400.2%+$1.4M
ISHARES TR	IBB	$1.8M	8,418	0.11%	+0.01pp	16q	HELD
HOME DEPOT INC	HD	$1.8M	6,217	0.11%	-0.03pp	16q	-1.2%-$21.1K
AMGEN INC	AMGN	$1.7M	4,136	0.11%	+0.01pp	16q	HELD
STATE STR SPDR DOW JONES IND	DIA	$1.7M	3,390	0.11%	flat	16q	+0.7%+$12.2K
RTX CORPORATION	RTX	$1.7M	9,152	0.11%	+0.01pp	16q	+9.6%+$148.9K
TIDAL TRUST III	SIOO	$1.6M	82,309	0.10%	+0.02pp	3q	+22.0%+$291.3K
WALMART INC	WMT	$1.6M	15,237	0.10%	-0.01pp	16q	+1.1%+$16.6K
FIDELITY COVINGTON TRUST	FMAT	$1.6M	28,404	0.10%	-0.01pp	5q	+1.1%+$17.8K
ISHARES BITCOIN TRUST ETF	IBIT	$1.6M	33,240	0.10%	+0.03pp	4q	+7.8%+$114.2K
FIDELITY COVINGTON TRUST	FIDU	$1.6M	17,748	0.10%	-0.01pp	16q	+8.0%+$117.1K
ALPS ETF TR	OUSA	$1.6M	26,274	0.10%	flat	16q	HELD
FIDELITY COVINGTON TRUST	FREL	$1.6M	57,273	0.10%	flat	12q	+4.1%+$61.6K
FIDELITY COVINGTON TRUST	FNCL	$1.5M	20,287	0.10%	flat	2q	-1.8%-$28.5K
VANGUARD SCOTTSDALE FDS	VCSH	$1.5M	19,730	0.10%	flat	16q	HELD
EASTERN BANKSHARES INC	EBC	$1.5M	71,372	0.09%	-0.03pp	16q	-16.9%-$303.0K
CATERPILLAR INC	CAT	$1.5M	1,801	0.09%	-0.03pp	16q	-1.0%-$15.4K
INTERNATIONAL BUSINESS MACHS	IBM	$1.5M	6,614	0.09%	-0.03pp	16q	-5.1%-$77.9K
SELECT SECTOR SPDR TR	XLI	$1.4M	8,615	0.09%	-0.01pp	16q	+2.4%+$33.4K
STATE STR SPDR S&P MIDCAP 40	MDY	$1.4M	2,157	0.09%	-0.01pp	16q	-1.1%-$15.8K
WISDOMTREE TR	XSOE	$1.4M	30,206	0.09%	-0.01pp	16q	-0.8%-$12.1K
TESLA INC	TSLA	$1.4M	3,948	0.09%	-0.02pp	16q	-4.9%-$72.0K
ORACLE CORP	ORCL	$1.4M	10,202	0.09%	-0.01pp	16q	-2.6%-$36.9K
SPROTT FDS TR	GBUG	$1.4M	29,863	0.09%	+0.01pp	5q	+0.6%+$8.6K
SELECT SECTOR SPDR TR	XLK	$1.4M	7,124	0.09%	flat	16q	-6.0%-$88.7K
MASTERCARD INCORPORATED	MA	$1.4M	2,507	0.09%	flat	16q	-6.6%-$98.2K
J P MORGAN EXCHANGE TRADED F	JMUB	$1.4M	29,039	0.09%	-0.01pp	16q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$1.4M	2,041	0.09%	+0.02pp	16q	HELD
ISHARES TR	IBDT	$1.4M	55,167	0.09%	flat	5q	+1.0%+$14.1K
TEXAS INSTRS INC	TXN	$1.4M	4,823	0.08%	-0.01pp	16q	HELD
FIDELITY COVINGTON TRUST	FUTY	$1.3M	25,388	0.08%	-0.11pp	13q	-51.6%-$1.4M
DOUBLELINE ETF TRUST	DBND	$1.3M	29,532	0.08%	flat	14q	+1.8%+$22.2K
VANGUARD MUN BD FDS	VTEB	$1.3M	26,783	0.08%	-0.02pp	16q	-17.6%-$271.7K
ISHARES TR	SOXX	$1.3M	2,208	0.08%	-0.01pp	16q	-2.2%-$28.4K
SPACE EXPLORATION TECHN CORP	SPCX	$1.2M	8,133	0.08%	-	new	NEW
PROGRESSIVE CORP	PGR	$1.2M	5,895	0.08%	-0.01pp	16q	HELD
DISNEY WALT CO	DIS	$1.2M	11,530	0.08%	flat	16q	-5.3%-$68.0K
J P MORGAN EXCHANGE TRADED F	JAVA	$1.2M	14,999	0.08%	flat	16q	-0.6%-$7.2K
VANECK ETF TRUST	ITM	$1.2M	26,942	0.07%	-0.01pp	16q	HELD
ISHARES TR	IBDU	$1.2M	52,030	0.07%	flat	3q	+3.4%+$38.6K
CARPENTER TECHNOLOGY CORP	CRS	$1.2M	3,012	0.07%	-0.04pp	16q	HELD
ASML HLDG NV	ASML	$1.2M	645	0.07%	-0.01pp	8q	-2.1%-$25.4K
ISHARES TR	IBDS	$1.2M	48,366	0.07%	flat	3q	DEBT
VANGUARD WORLD FD	MGC	$1.2M	4,119	0.07%	flat	16q	HELD
SCHWAB STRATEGIC TR	SCHD	$1.2M	35,672	0.07%	flat	16q	+2.1%+$23.3K
VANGUARD INDEX FDS	VNQ	$1.2M	12,895	0.07%	-0.01pp	16q	HELD
VANECK ETF TRUST	NLR	$1.1M	11,080	0.07%	-0.02pp	4q	-7.3%-$90.0K
CISCO SYS INC	CSCO	$1.1M	10,509	0.07%	-0.01pp	16q	HELD
ISHARES TR	IBDV	$1.1M	52,904	0.07%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VONG	$1.1M	8,488	0.07%	flat	16q	HELD
VICOR CORP	VICR	$1.1M	3,786	0.07%	-0.02pp	4q	HELD
ISHARES TR	IBDW	$1.1M	54,296	0.07%	-	new	NEW
VANECK ETF TRUST	SMOT	$1.1M	28,857	0.07%	flat	14q	HELD
VANGUARD TAX-MANAGED FDS	VEA	$1.1M	15,203	0.07%	flat	16q	-0.9%-$9.8K
AUTOMATIC DATA PROCESSING IN	ADP	$1.1M	4,137	0.07%	+0.01pp	16q	HELD
SCHWAB STRATEGIC TR	SCHV	$1.0M	31,304	0.07%	flat	16q	HELD
VANGUARD SCOTTSDALE FDS	VGSH	$1.0M	18,085	0.07%	flat	16q	-2.1%-$22.0K
SELECT SECTOR SPDR TR	XLC	$1.0M	9,312	0.06%	flat	15q	HELD
DANAHER CORP DEL	DHR	$1.0M	4,639	0.06%	+0.01pp	16q	HELD
STRYKER CORPORATION	SYK	$1.0M	3,727	0.06%	-0.01pp	16q	-0.8%-$8.5K
EXPEDITORS INTL WASH INC	EXPD	$1.0M	5,416	0.06%	+0.01pp	8q	-0.8%-$8.1K
UNION PAC CORP	UNP	$992.2K	3,646	0.06%	flat	16q	HELD
FRANKLIN TEMPLETON ETF TR	FLQM	$985.4K	17,155	0.06%	flat	9q	-4.8%-$49.4K
VANGUARD WHITEHALL FDS	VYM	$981.7K	6,325	0.06%	flat	16q	HELD
SELECT SECTOR SPDR TR	XLV	$971.1K	5,766	0.06%	flat	16q	-0.7%-$6.9K
GLOBAL X FDS	PAVE	$958.8K	18,262	0.06%	-0.01pp	14q	+4.1%+$37.4K
ISHARES TR	EFA	$952.6K	9,169	0.06%	-0.01pp	16q	-9.6%-$101.5K
REDDIT INC	RDDT	$940.4K	6,602	0.06%	-0.01pp	9q	HELD
GE AEROSPACE	GE	$936.6K	2,999	0.06%	-0.01pp	16q	+4.2%+$37.5K
FASTENAL CO	FAST	$922.8K	18,631	0.06%	flat	16q	-1.8%-$17.1K
PUTNAM ETF TRUST	PBDC	$906.1K	33,659	0.06%	+0.01pp	2q	+26.1%+$187.4K
VANGUARD WORLD FD	MGK	$880.3K	9,501	0.06%	flat	16q	HELD
PARKER HANNIFIN CORP	PH	$874.2K	915	0.05%	flat	16q	HELD
ISHARES TR	IWR	$869.3K	8,146	0.05%	flat	16q	HELD
KKR & CO INC	KKR	$865.2K	9,477	0.05%	flat	16q	HELD
VANGUARD INTL EQUITY INDEX F	VEU	$865.1K	10,427	0.05%	flat	16q	-4.7%-$42.8K
VANGUARD INDEX FDS	VXF	$861.4K	3,719	0.05%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	JPST	$860.7K	17,088	0.05%	+0.01pp	16q	+14.3%+$107.6K
ISHARES TR	IWD	$814.0K	3,283	0.05%	flat	16q	-5.5%-$47.1K
SPDR GOLD TR	GLD	$812.3K	2,133	0.05%	flat	16q	-2.2%-$18.7K
SELECT SECTOR SPDR TR	XLF	$810.0K	15,168	0.05%	flat	16q	+1.7%+$13.4K
GE VERNOVA INC	GEV	$807.1K	849	0.05%	-0.01pp	8q	+3.4%+$26.6K
AMPHENOL CORP	APH	$803.5K	9,531	0.05%	flat	8q	-2.1%-$17.3K
ILLINOIS TOOL WKS INC	ITW	$801.4K	3,115	0.05%	flat	8q	HELD
UNITEDHEALTH GROUP INC	UNH	$787.6K	2,146	0.05%	-0.01pp	16q	+0.7%+$5.5K
CALAMOS ETF TR	CAIE	$786.3K	29,540	0.05%	+0.04pp	2q	+277.3%+$577.9K
ISHARES SILVER TR	SLV	$782.4K	14,353	0.05%	flat	16q	-1.7%-$13.6K
INVESCO EXCH TRADED FD TR II	QQQM	$774.8K	2,543	0.05%	flat	6q	+0.6%+$4.3K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$774.4K	840	0.05%	flat	4q	-2.0%-$15.7K
S&P GLOBAL INC	SPGI	$762.4K	1,933	0.05%	+0.01pp	16q	+21.7%+$136.1K
BERKSHIRE HATHAWAY INC DEL	BRKA	$747.0K	1	0.05%	flat	16q	HELD
PROSHARES TR	NOBL	$738.5K	13,651	0.05%	flat	16q	HELD
ISHARES TR	IGSB	$718.2K	14,020	0.05%	flat	16q	-2.3%-$16.8K
SOUTHERN CO	SO	$715.7K	8,634	0.04%	-0.01pp	16q	HELD
ISHARES TR	IUSG	$712.7K	3,678	0.04%	flat	16q	HELD
FIDELITY COMWLTH TR	ONEQ	$703.8K	6,650	0.04%	flat	16q	HELD
SHERWIN WILLIAMS CO	SHW	$685.7K	2,121	0.04%	flat	8q	HELD
ISHARES TR	IJJ	$674.1K	4,895	0.04%	flat	16q	+19.4%+$109.5K
ISHARES INC	EIS	$673.3K	5,550	0.04%	flat	16q	HELD
ARROWHEAD PHARMACEUTICALS IN	ARWR	$670.4K	10,243	0.04%	-0.01pp	16q	HELD
MOTOROLA SOLUTIONS INC	MSI	$668.1K	1,498	0.04%	flat	8q	HELD
EVERPURE INC	P	$665.3K	5,087	0.04%	+0.02pp	5q	HELD
SPDR SERIES TRUST	SDY	$658.4K	4,494	0.04%	flat	16q	HELD
WASTE MGMT INC DEL	WM	$649.3K	3,184	0.04%	flat	16q	-0.7%-$4.3K
SEI INVTS CO	SEIC	$645.9K	6,292	0.04%	+0.01pp	16q	HELD
RIOT PLATFORMS INC	RIOT	$645.1K	32,016	0.04%	-0.02pp	7q	HELD
ETFS GOLD TR	SGOL	$639.9K	16,175	0.04%	flat	16q	HELD
ISHARES TR	QUAL	$636.2K	2,862	0.04%	flat	16q	HELD
ISHARES TR	IVW	$633.3K	4,452	0.04%	flat	16q	HELD
CEREBRAS SYSTEMS INC	CBRS	$629.4K	3,543	0.04%	-	new	NEW
INTERCONTINENTAL EXCHANGE IN	ICE	$626.8K	4,123	0.04%	+0.01pp	8q	-1.9%-$11.9K
SCHWAB STRATEGIC TR	SCHA	$625.6K	19,173	0.04%	flat	16q	HELD
ISHARES TR	ITA	$619.6K	2,991	0.04%	flat	7q	+16.0%+$85.3K
ASTERA LABS INC	ALAB	$613.7K	1,724	0.04%	-0.01pp	2q	-0.7%-$4.3K
REVOLUTION MEDICINES INC	RVMD	$612.6K	2,985	0.04%	flat	12q	HELD
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$612.3K	1,342	0.04%	flat	10q	-4.8%-$31.0K
MARVELL TECHNOLOGY INC	MRVL	$602.6K	2,281	0.04%	flat	3q	+4.7%+$26.9K
ISHARES TR	IUSV	$593.9K	5,385	0.04%	flat	16q	HELD
KIMBERLY CLARK CORP	KMB	$591.6K	6,072	0.04%	-0.01pp	16q	-6.8%-$43.4K
ROPER TECHNOLOGIES INC	ROP	$586.3K	1,678	0.04%	flat	16q	HELD
PHILLIPS 66	PSX	$579.8K	2,271	0.04%	+0.01pp	16q	HELD
ISHARES TR	QLTA	$577.8K	12,842	0.04%	flat	16q	HELD
SPROTT ETF TRUST	SGDM	$577.6K	7,797	0.04%	flat	6q	-1.7%-$9.7K
EATON CORP PLC	ETN	$571.0K	1,329	0.04%	flat	14q	-1.0%-$5.6K
GOLDMAN SACHS GROUP INC	GS	$568.3K	631	0.04%	flat	11q	HELD
ARISTA NETWORKS INC	ANET	$567.5K	2,787	0.04%	flat	8q	-6.1%-$36.7K
HONEYWELL INTL INC	HON	$562.4K	2,666	0.04%	flat	2q	-1.5%-$8.4K
ISHARES TR	IWB	$555.1K	1,334	0.03%	flat	16q	HELD
CHURCH & DWIGHT CO INC	CHD	$555.0K	5,891	0.03%	flat	8q	HELD
HEWLETT PACKARD ENTERPRISE C	HPE	$553.3K	8,660	0.03%	+0.01pp	5q	+1.6%+$8.9K
ACCENTURE PLC IRELAND	ACN	$548.1K	2,989	0.03%	+0.01pp	16q	+4.0%+$20.9K
ISHARES TR	MUB	$547.5K	5,415	0.03%	-0.06pp	16q	-59.2%-$793.4K
APPLIED MATLS INC	AMAT	$541.7K	1,059	0.03%	-0.01pp	6q	-0.6%-$3.1K
INVESCO EXCH TRADED FD TR II	SPLV	$540.2K	7,662	0.03%	-0.01pp	16q	-6.9%-$40.3K
ISHARES INC	IEMG	$538.6K	6,637	0.03%	flat	14q	+4.3%+$22.4K
FIRST TR EXCHANGE-TRADED FD	EMLP	$535.0K	13,051	0.03%	flat	16q	-0.6%-$3.3K
CITIGROUP INC	C	$533.1K	4,117	0.03%	flat	11q	+1.8%+$9.3K
BRISTOL-MYERS SQUIBB CO	BMY	$531.1K	8,512	0.03%	flat	16q	-1.1%-$5.9K
INVESCO EXCHANGE TRADED FD T	RSP	$527.4K	2,535	0.03%	+0.01pp	10q	+28.0%+$115.3K
IMPERIAL OIL LTD	IMO	$519.7K	4,224	0.03%	-	new	NEW
ALPS ETF TR	AMLP	$511.5K	9,862	0.03%	flat	7q	-6.9%-$38.0K
SHELL PLC	SHEL	$503.6K	5,298	0.03%	flat	9q	-7.1%-$38.2K
ISHARES INC	EZU	$500.5K	7,434	0.03%	flat	16q	+2.3%+$11.3K
LINDE PLC	LIN	$494.8K	1,042	0.03%	flat	9q	+4.0%+$19.0K
ALTRIA GROUP INC	MO	$488.6K	7,255	0.03%	flat	9q	+16.1%+$67.7K
VANGUARD STAR FDS	VXUS	$485.6K	5,716	0.03%	flat	15q	HELD
ISHARES TR	SUB	$485.4K	4,643	0.03%	flat	16q	HELD
SPDR SERIES TRUST	XBI	$483.4K	3,066	0.03%	-0.01pp	16q	-21.6%-$132.9K
SELECT SECTOR SPDR TR	XLE	$483.3K	7,859	0.03%	flat	16q	-4.3%-$21.8K
VANECK ETF TRUST	PFXF	$482.7K	27,552	0.03%	flat	7q	HELD
CIENA CORP	CIEN	$480.9K	1,367	0.03%	-0.01pp	4q	-5.3%-$27.1K
TRAVELERS COMPANIES INC	TRV	$480.3K	1,347	0.03%	flat	16q	+2.4%+$11.1K
LOCKHEED MARTIN CORP	LMT	$479.4K	941	0.03%	flat	16q	-0.7%-$3.6K
STARBUCKS CORP	SBUX	$478.6K	5,094	0.03%	flat	16q	+18.9%+$76.0K
SNOWFLAKE INC	SNOW	$473.3K	1,394	0.03%	+0.01pp	6q	HELD
J P MORGAN EXCHANGE TRADED F	JBND	$456.1K	8,922	0.03%	flat	12q	+0.8%+$3.5K
FIRST TR EXCHANGE TRADED FD	SKYY	$442.9K	2,701	0.03%	flat	14q	HELD
GLOBAL X FDS	CLIP	$442.0K	4,405	0.03%	flat	8q	+0.9%+$4.0K
ETF SER SOLUTIONS	UFOX	$439.7K	5,171	0.03%	flat	11q	HELD
LOWES COS INC	LOW	$434.0K	2,355	0.03%	-0.01pp	16q	-2.0%-$8.7K
ETF SER SOLUTIONS	QTUM	$431.5K	2,846	0.03%	flat	5q	HELD
ISHARES TR	IEFA	$430.7K	4,446	0.03%	flat	7q	HELD
VANGUARD INDEX FDS	VOE	$427.2K	2,185	0.03%	flat	16q	-1.3%-$5.7K
ISHARES INC	URTH	$426.9K	2,070	0.03%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	JTEK	$425.8K	4,048	0.03%	flat	5q	+2.1%+$8.9K
ISHARES TR	IDEV	$420.6K	4,700	0.03%	flat	6q	HELD
AMERICAN TOWER CORP	AMT	$415.7K	2,540	0.03%	flat	16q	-4.4%-$19.1K
CHECK POINT SOFTWARE TECH LT	CHKP	$407.1K	3,172	0.03%	flat	8q	HELD
HONEYWELL AEROSPACE INC	HONA	$404.2K	2,608	0.03%	-0.01pp	2q	-3.6%-$15.2K
AFLAC INC	AFL	$399.7K	3,575	0.03%	flat	16q	HELD
AT&T INC	T	$389.2K	15,950	0.02%	flat	16q	+6.7%+$24.4K
AMPLIFY ETF TR	HACK	$388.7K	3,206	0.02%	flat	9q	-0.9%-$3.6K
EMERSON ELEC CO	EMR	$385.5K	2,486	0.02%	flat	13q	+4.8%+$17.5K
CONSTELLATION ENERGY CORP	CEG	$383.1K	1,508	0.02%	flat	11q	+0.7%+$2.5K
PALANTIR TECHNOLOGIES INC	PLTR	$380.8K	2,036	0.02%	+0.01pp	6q	-6.9%-$28.1K
PGIM ETF TR	PULS	$377.7K	7,637	0.02%	flat	2q	+26.7%+$79.6K
COMCAST CORP NEW	CMCSA	$375.6K	17,261	0.02%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	JEPQ	$375.6K	6,131	0.02%	+0.01pp	2q	+44.9%+$116.4K
SPDR SERIES TRUST	JNK	$373.8K	4,030	0.02%	flat	16q	HELD
SPDR SERIES TRUST	SPTM	$372.7K	4,049	0.02%	flat	16q	HELD
MCKESSON CORP	MCK	$364.6K	427	0.02%	flat	8q	+0.7%+$2.6K
NORFOLK SOUTHN CORP	NSC	$360.6K	1,167	0.02%	flat	16q	HELD
SELECT SECTOR SPDR TR	XLY	$358.1K	3,290	0.02%	flat	14q	HELD
VANGUARD SPECIALIZED FUNDS	VIG	$352.5K	1,511	0.02%	flat	16q	-3.2%-$11.7K
PFIZER INC	PFE	$350.9K	12,303	0.02%	-	new	NEW
BLUEROCK PVT REAL ESTATE FD	BPRE	$348.6K	27,800	0.02%	flat	2q	+1.7%+$5.7K
ABRDN SILVER ETF TRUST	SIVR	$343.9K	6,000	0.02%	flat	5q	HELD
SPDR SERIES TRUST	SPSM	$343.4K	6,496	0.02%	flat	6q	+31.0%+$81.2K
ISHARES TR	IVE	$341.1K	1,494	0.02%	flat	16q	HELD
FIDELITY COVINGTON TRUST	FQAL	$340.6K	4,091	0.02%	flat	5q	-3.3%-$11.7K
FIRST TR EXCHNG TRADED FD VI	UCON	$339.8K	14,309	0.02%	-0.16pp	13q	-87.5%-$2.4M
ANALOG DEVICES INC	ADI	$337.5K	851	0.02%	flat	5q	-1.5%-$5.2K
CAMECO CORP	CCJ	$334.8K	3,863	0.02%	flat	6q	HELD
MORGAN STANLEY	MS	$333.5K	1,773	0.02%	-0.01pp	12q	-11.8%-$44.6K
SSGA ACTIVE ETF TR	TOTL	$331.5K	8,858	0.02%	flat	16q	HELD
BAIN CAP SPECIALTY FIN INC	BCSF	$322.5K	29,208	0.02%	flat	16q	-5.9%-$20.2K
3M CO	MMM	$316.2K	1,926	0.02%	flat	16q	HELD
BOBS DISC FURNITURE INC COM SHS	BOBS	$313.8K	22,638	0.02%	-0.17pp	2q	-87.9%-$2.3M
VANGUARD ADMIRAL FDS INC	VOOG	$313.4K	3,666	0.02%	flat	10q	HELD
FORTINET INC	FTNT	$310.9K	1,739	0.02%	flat	2q	-22.8%-$92.1K
IRON MTN INC DEL	IRM	$308.7K	2,782	0.02%	flat	14q	-2.7%-$8.4K
VANECK BITCOIN ETF	HODL	$306.4K	12,972	0.02%	flat	4q	-17.5%-$64.8K
VANGUARD INTL EQUITY INDEX F	VWO	$304.7K	5,137	0.02%	-	new	NEW
INVESCO ACTVELY MNGD ETC FD	PDBA	$304.6K	8,110	0.02%	-	new	NEW
BLACKSTONE INC	BX	$298.5K	2,663	0.02%	flat	16q	HELD
WELLS FARGO & CO	WFC	$298.0K	3,722	0.02%	flat	8q	HELD
HOWMET AEROSPACE INC	HWM	$297.0K	1,313	0.02%	flat	6q	HELD
BOEING CO	BA	$293.0K	1,575	0.02%	flat	16q	-1.6%-$4.8K
J P MORGAN EXCHANGE TRADED F	JPIB	$288.6K	6,180	0.02%	flat	16q	HELD
SALESFORCE INC	CRM	$288.2K	1,255	0.02%	-0.26pp	16q	-95.5%-$6.2M
CHARLES SCHWAB CORP (THE)	SCHW	$288.1K	2,947	0.02%	flat	8q	+0.9%+$2.5K
NORTHROP GRUMMAN CORP	NOC	$283.3K	586	0.02%	flat	16q	+1.0%+$2.9K
MARRIOTT INTL INC NEW	MAR	$282.2K	794	0.02%	flat	3q	-0.5%-$1.4K
CALAMOS ETF TR	CAGE	$279.6K	9,768	0.02%	flat	2q	+12.7%+$31.5K
COCA COLA CONS INC	COKE	$275.4K	1,455	0.02%	-0.01pp	10q	-23.7%-$85.7K
EVERSOURCE ENERGY	ES	$274.9K	4,284	0.02%	flat	16q	+0.7%+$1.8K
SPDR SERIES TRUST	MDYV	$272.7K	3,081	0.02%	flat	16q	HELD
ALPS ETF TR	DTEC	$272.6K	5,369	0.02%	flat	12q	HELD
PALO ALTO NETWORKS INC	PANW	$270.2K	680	0.02%	flat	2q	-3.1%-$8.7K
SELECT SECTOR SPDR TR	XLU	$269.6K	6,836	0.02%	flat	16q	-2.2%-$6.2K
GILEAD SCIENCES INC	GILD	$269.3K	1,807	0.02%	flat	3q	+2.6%+$6.9K
VANGUARD INDEX FDS	VBR	$266.7K	1,155	0.02%	flat	6q	+11.1%+$26.6K
ISHARES TR	ISCF	$266.0K	5,957	0.02%	flat	4q	HELD
KLA CORP	KLAC	$262.5K	1,347	0.02%	-0.01pp	2q	-3.3%-$9.0K
THE CIGNA GROUP	CI	$262.3K	965	0.02%	flat	16q	-3.7%-$10.1K
PROLOGIS INC.	PLD	$262.0K	2,018	0.02%	flat	16q	HELD
SANDISK CORP	SNDK	$259.2K	149	0.02%	-0.01pp	2q	-0.7%-$1.7K
SPDR SERIES TRUST	MDYG	$258.1K	2,469	0.02%	flat	16q	HELD
ALLSTATE CORP	ALL	$257.1K	1,159	0.02%	flat	12q	-9.2%-$26.0K
INTUITIVE SURGICAL INC	ISRG	$255.0K	627	0.02%	flat	10q	+3.8%+$9.4K
VANGUARD INTL EQUITY INDEX F	VT	$250.0K	1,584	0.02%	flat	3q	+1.6%+$3.9K
SPDR SERIES TRUST	TFI	$250.0K	5,846	0.02%	flat	16q	HELD
AGNICO EAGLE MINES LTD	AEM	$237.7K	1,297	0.01%	flat	6q	HELD
HERCULES CAPITAL INC	HTGC	$236.1K	14,047	0.01%	flat	9q	HELD
SEMPRA	SRE	$235.9K	3,026	0.01%	flat	16q	-0.7%-$1.6K
ISHARES TR	IYJ	$235.3K	1,534	0.01%	flat	6q	HELD
SAP SE	SAP	$232.2K	1,114	0.01%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCR	$232.2K	11,882	0.01%	flat	16q	+0.8%+$2.0K
NUSHARES ETF TR	NUAG	$231.6K	11,567	0.01%	flat	16q	HELD
DUKE ENERGY CORP NEW	DUK	$229.2K	2,010	0.01%	flat	7q	-1.6%-$3.8K
GLOBAL X FDS	URA	$227.0K	5,695	0.01%	flat	6q	HELD
J P MORGAN EXCHANGE TRADED F	JSCP	$226.4K	4,923	0.01%	flat	8q	-1.7%-$3.9K
SSGA ACTIVE TR	PRIV	$226.1K	9,401	0.01%	-0.61pp	6q	-97.6%-$9.1M
DOORDASH INC	DASH	$224.7K	1,224	0.01%	flat	2q	+0.8%+$1.8K
L3HARRIS TECHNOLOGIES INC	LHX	$223.9K	946	0.01%	flat	3q	+1.3%+$2.8K
VERIZON COMMUNICATIONS INC	VZ	$222.9K	4,859	0.01%	flat	3q	+0.7%+$1.6K
VANGUARD WORLD FD	MGV	$222.6K	1,382	0.01%	flat	3q	HELD
ARES CAPITAL CORP	ARCC	$219.4K	11,489	0.01%	flat	10q	HELD
VERTEX PHARMACEUTICALS INC	VRTX	$216.4K	414	0.01%	flat	4q	HELD
SONO TEK CORP	SOTK	$216.4K	36,671	0.01%	flat	16q	HELD
ARES MANAGEMENT CORPORATION	ARES	$214.7K	1,848	0.01%	flat	2q	HELD
ISHARES TR	IOO	$214.1K	1,487	0.01%	-	new	NEW
VANGUARD INTL EQUITY INDEX F	VGK	$213.8K	2,463	0.01%	flat	4q	HELD
SYSCO CORP	SYY	$211.8K	2,717	0.01%	flat	2q	+0.6%+$1.3K
BLACKROCK INC	BLK	$211.4K	200	0.01%	-	new	NEW
UBER TECHNOLOGIES INC	UBER	$210.6K	3,074	0.01%	flat	11q	-2.0%-$4.4K
SPDR SERIES TRUST	SPYG	$210.6K	1,711	0.01%	flat	2q	-3.4%-$7.5K
VANECK ETF TRUST	MOO	$210.3K	2,581	0.01%	flat	2q	HELD
CONSTELLATION BRANDS INC	STZ	$209.3K	1,851	0.01%	flat	3q	-3.2%-$7.0K
SPROTT FDS TR	URNM	$206.2K	4,344	0.01%	flat	5q	+2.2%+$4.5K
GLOBAL X FDS	SIL	$205.9K	2,394	0.01%	-	new	NEW
CROWDSTRIKE HLDGS INC	CRWD	$205.1K	775	0.01%	-	new	NEW
INVESCO EXCHANGE TRADED FD T	PNQI	$203.0K	4,000	0.01%	-	new	NEW
EATON VANCE TAX-MANAGED GLOB	EXG	$200.1K	21,260	0.01%	flat	4q	HELD
GOLUB CAP BDC INC	GBDC	$192.3K	15,222	0.01%	flat	15q	HELD
KENVUE INC	KVUE	$185.0K	10,473	0.01%	flat	4q	+1.0%+$1.9K
NUVEEN AMT FREE MUN CR INC F	NVG	$176.7K	16,653	0.01%	flat	4q	HELD
ULTRAPAR PARTICIPACOES SA	UGP	$151.9K	20,748	0.01%	flat	16q	-0.6%
BLUE OWL CAPITAL CORPORATION	OBDC	$121.4K	11,573	0.01%	flat	7q	HELD
BARINGS BDC INC	BBDC	$118.5K	13,746	0.01%	flat	15q	-26.7%-$43.1K
DENISON MINES CORP	DNN	$27.7K	10,700	0.00%	flat	11q	HELD
FURY GOLD MINES LIMITED	FURY	$6.4K	12,000	0.00%	flat	4q	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
Software & IT Services	$175.8M	11.1%
Computer Hardware	$94.6M	5.9%
Capital Markets	$93.3M	5.9%
Retail & Consumer	$78.0M	4.9%
Semiconductors & Electronics	$72.6M	4.6%
Biotech & Pharma	$50.1M	3.1%
Insurance	$32.1M	2.0%
Business Services	$25.2M	1.6%
Other sectors	$118.1M	7.4%
Not classified	$851.1M	53.5%

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	+1.2%	+2.1%	-1.0%	98%
Q2 2026	+9.2%	+14.8%	-5.6%	100%
Q1 2026	-3.5%	-4.6%	+1.1%	100%
Q4 2025	+1.4%	+2.4%	-1.0%	100%
Q3 2025	+8.0%	+7.8%	+0.2%	100%
Q2 2025	+8.2%	+10.5%	-2.3%	100%
Q1 2025	-3.5%	-4.6%	+1.1%	100%
Q4 2024	+2.9%	+2.1%	+0.7%	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	$1.6B	383	21	88	136	21	32.4%	22
Q2 2026	$1.6B	383	36	95	149	22	31.5%	35
Q1 2026	$1.5B	369	24	110	137	26	32.4%	35
Q4 2025	$1.5B	371	25	100	142	48	32.4%	16
Q3 2025	$1.5B	394	26	97	142	10	33.0%	23
Q2 2025	$1.4B	378	30	121	154	20	33.9%	16
Q1 2025	$1.3B	368	21	126	125	22	31.1%	42
Q4 2024	$1.3B	369	35	125	123	15	33.7%	17
Q3 2024	$1.3B	349	14	90	133	30	32.4%	9
Q2 2024	$1.3B	365	18	108	135	17	31.9%	24
Q1 2024	$1.2B	364	33	88	121	9	31.6%	40
Q4 2023	$1.1B	340	33	108	130	16	30.8%	31
Q3 2023	$1.0B	323	17	94	119	39	35.6%	32
Q2 2023	$1.1B	345	27	119	93	0	31.0%	33
Q1 2023	$987.8M	318	27	64	134	24	42.7%	38
Q4 2022	$995.5M	315	0	0	0	0	43.3%	25

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.