DaveManuel.com · Institutional Ownership · 13F Holdings

Schear Investment Advisers, LLC

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

CIK

1962838

Reported value

$820.7M

Positions

245

Top 10 weight

45.8%

Filed

2026-10-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
SPACE EXPLORATION TECHN CORP	SPCX	$115.5M	765,649	14.07%	-	new	NEW
PARKER HANNIFIN CORP	PH	$72.9M	76,296	8.88%	-	new	NEW
PROGRESSIVE CORP	PGR	$37.8M	182,475	4.61%	-	new	NEW
STATE STR SPDR S&P 500 ETF T	SPY	$23.5M	30,839	2.87%	+1.28pp	16q	+386.3%+$18.7M
APPLE INC	AAPL	$23.0M	69,128	2.81%	-0.02pp	16q	+137.0%+$13.3M
SPDR SERIES TRUST	SPYG	$22.6M	183,776	2.76%	-	new	NEW
NVIDIA CORPORATION	NVDA	$21.9M	96,020	2.67%	-3.49pp	16q	+4.3%+$894.8K
ALPHABET INC	GOOGL	$20.0M	58,134	2.44%	-2.23pp	16q	+49.0%+$6.6M
ISHARES TR	IVV	$19.6M	25,638	2.39%	-	new	NEW
INVESCO QQQ TR	QQQ	$19.2M	25,903	2.33%	+1.37pp	16q	+563.5%+$16.3M
ADVANCED MICRO DEVICES INC	AMD	$19.0M	31,070	2.32%	-3.49pp	16q	+4.0%+$733.5K
SPDR SERIES TRUST	SPYV	$16.3M	267,073	1.99%	-	new	NEW
MICROSOFT CORP	MSFT	$15.5M	30,312	1.89%	-0.51pp	16q	+57.1%+$5.7M
AMAZON COM INC	AMZN	$14.7M	58,804	1.79%	-0.48pp	16q	+107.0%+$7.6M
VANGUARD SCOTTSDALE FDS	VCSH	$13.4M	172,893	1.63%	-	new	NEW
ISHARES TR	IJR	$11.6M	85,501	1.42%	-	new	NEW
BROADCOM INC	AVGO	$11.5M	32,830	1.40%	-3.52pp	16q	-15.7%-$2.2M
VANGUARD INDEX FDS	VTV	$11.4M	52,735	1.39%	-	new	NEW
ISHARES TR	IJH	$9.5M	132,423	1.16%	-	new	NEW
INVESCO EXCH TRADED FD TR II	QQQM	$9.2M	30,077	1.12%	-	new	NEW
MICRON TECHNOLOGY INC	MU	$8.9M	8,388	1.09%	-9.99pp	16q	-70.8%-$21.6M
VANGUARD INDEX FDS	VOO	$8.6M	12,298	1.05%	+0.11pp	16q	+200.9%+$5.8M
ISHARES TR	DGRO	$7.8M	103,646	0.95%	-	new	NEW
META PLATFORMS INC	META	$7.3M	10,131	0.90%	-0.71pp	16q	+18.5%+$1.1M
SPDR SERIES TRUST	LGLV	$6.9M	39,564	0.84%	-	new	NEW
MASTERCARD INCORPORATED	MA	$6.7M	12,206	0.82%	-	new	NEW
PACER FDS TR	COWZ	$6.7M	100,476	0.82%	-	new	NEW
VANGUARD INDEX FDS	VUG	$6.2M	69,166	0.76%	-	new	NEW
ISHARES TR	QUAL	$5.7M	25,673	0.70%	-	new	NEW
PALANTIR TECHNOLOGIES INC	PLTR	$5.4M	28,897	0.66%	-	new	NEW
JPMORGAN CHASE & CO	JPM	$5.3M	16,061	0.65%	-0.91pp	16q	+12.8%+$603.8K
ISHARES TR	FLOT	$5.0M	97,820	0.61%	-	new	NEW
JOHNSON & JOHNSON	JNJ	$5.0M	18,805	0.61%	+0.27pp	16q	+378.1%+$3.9M
ALPHABET INC	GOOG	$5.0M	14,589	0.61%	-	new	NEW
ISHARES TR	EFA	$4.7M	44,793	0.57%	-	new	NEW
COSTCO WHOLESALE CORPORATION	COST	$4.6M	5,093	0.56%	-0.92pp	16q	+7.1%+$307.7K
INTEL CORP	INTC	$4.4M	36,836	0.54%	-	new	NEW
BERKSHIRE HATHAWAY INC DEL	BRKB	$4.4M	8,825	0.54%	-	new	NEW
SPDR SERIES TRUST	MDYG	$4.3M	40,932	0.52%	-	new	NEW
SCHWAB STRATEGIC TR	SCHD	$4.1M	124,880	0.49%	-	new	NEW
CROWDSTRIKE HLDGS INC	CRWD	$4.0M	15,129	0.49%	-1.46pp	11q	-50.4%-$4.1M
GOLDMAN SACHS GROUP INC	GS	$4.0M	4,393	0.48%	-0.73pp	16q	+22.7%+$731.0K
TESLA INC	TSLA	$3.9M	11,072	0.48%	-	new	NEW
SELECT SECTOR SPDR TR	XLK	$3.7M	18,761	0.45%	-	new	NEW
VISA INC	V	$3.3M	9,143	0.40%	-0.76pp	16q	-9.5%-$346.4K
VANGUARD BD INDEX FDS	BND	$3.3M	46,679	0.40%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JMST	$3.3M	64,323	0.40%	-	new	NEW
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$3.2M	7,103	0.39%	-1.79pp	8q	-48.2%-$3.0M
ISHARES TR	MTUM	$3.2M	10,114	0.39%	-	new	NEW
VANGUARD ADMIRAL FDS INC	IVOO	$3.1M	25,191	0.37%	-	new	NEW
LOWES COS INC	LOW	$2.8M	15,042	0.34%	+0.25pp	16q	+1175.8%+$2.6M
BLACKROCK INC	BLK	$2.7M	2,549	0.33%	+0.05pp	8q	+193.0%+$1.8M
ISHARES TR	ITOT	$2.7M	16,043	0.33%	-	new	NEW
SPDR SERIES TRUST	SLYG	$2.6M	24,223	0.32%	-	new	NEW
O'REILLY AUTOMOTIVE INC	ORLY	$2.4M	27,829	0.29%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCS	$2.3M	116,079	0.28%	-	new	NEW
SHERWIN WILLIAMS CO	SHW	$2.3M	7,045	0.28%	-	new	NEW
INVESCO EXCH TRADED FD TR II	BKLN	$2.3M	111,252	0.28%	-	new	NEW
ROCKET LAB CORP	RKLB	$2.2M	31,969	0.27%	-	new	NEW
VANGUARD INTL EQUITY INDEX F	VWO	$2.2M	36,782	0.27%	-	new	NEW
SOUTHERN CO	SO	$2.1M	25,755	0.26%	-	new	NEW
GE VERNOVA INC	GEV	$2.0M	2,139	0.25%	-4.47pp	10q	-82.2%-$9.4M
WALMART INC	WMT	$2.0M	19,364	0.25%	-0.66pp	14q	-19.0%-$472.6K
SELECT SECTOR SPDR TR	XLI	$1.9M	11,589	0.24%	-	new	NEW
ELI LILLY & CO	LLY	$1.9M	1,671	0.24%	-2.64pp	16q	-76.7%-$6.4M
VANGUARD TAX-MANAGED FDS	VEA	$1.9M	26,401	0.23%	-	new	NEW
EXXONMOBIL HOLDINGS CORP	XOM	$1.8M	11,036	0.22%	-	new	NEW
PROCTER & GAMBLE CO	PG	$1.8M	12,358	0.22%	-0.52pp	16q	-17.6%-$382.2K
VANGUARD ADMIRAL FDS INC	VIOG	$1.8M	13,012	0.22%	-	new	NEW
VERTIV HOLDINGS CO	VRT	$1.8M	7,385	0.22%	-1.60pp	6q	-54.4%-$2.1M
CATERPILLAR INC	CAT	$1.8M	2,160	0.21%	-2.21pp	16q	-68.2%-$3.8M
INVESCO EXCH TRD SLF IDX FD	BSCR	$1.7M	88,917	0.21%	-	new	NEW
MARVELL TECHNOLOGY INC	MRVL	$1.7M	6,527	0.21%	-0.59pp	16q	-19.0%-$404.0K
ISHARES TR	SOXX	$1.7M	3,024	0.21%	-	new	NEW
CONSTELLATION ENERGY CORP	CEG	$1.7M	6,732	0.21%	-0.34pp	7q	+2.3%+$37.8K
VANGUARD WORLD FD	MGK	$1.7M	18,242	0.21%	-	new	NEW
ISHARES TR	IXN	$1.6M	10,982	0.20%	-	new	NEW
ARISTA NETWORKS INC	ANET	$1.6M	7,844	0.19%	-	new	NEW
HOME DEPOT INC	HD	$1.6M	5,606	0.19%	-0.60pp	16q	-16.6%-$316.6K
INVESCO EXCH TRD SLF IDX FD	BSCQ	$1.6M	80,450	0.19%	-	new	NEW
VANGUARD ADMIRAL FDS INC	VIOO	$1.5M	11,716	0.18%	-	new	NEW
DATADOG INC	DDOG	$1.5M	5,351	0.18%	-	new	NEW
ORACLE CORP	ORCL	$1.5M	10,631	0.18%	-	new	NEW
ISHARES TR	DVY	$1.5M	9,596	0.18%	-	new	NEW
SELECT SECTOR SPDR TR	XLF	$1.4M	26,551	0.17%	-	new	NEW
FORTINET INC	FTNT	$1.4M	7,914	0.17%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	BUFR	$1.4M	37,126	0.17%	-	new	NEW
ISHARES TR	EFAV	$1.4M	15,072	0.17%	-	new	NEW
SHOPIFY INC	SHOP	$1.4M	9,224	0.17%	-	new	NEW
ISHARES TR	USIG	$1.3M	27,540	0.16%	-	new	NEW
SELECT SECTOR SPDR TR	XLV	$1.3M	7,944	0.16%	-	new	NEW
VANGUARD WORLD FD	VGT	$1.3M	10,519	0.16%	-	new	NEW
AB ACTIVE ETFS INC	TAFI	$1.3M	51,266	0.15%	-	new	NEW
PALO ALTO NETWORKS INC	PANW	$1.2M	3,130	0.15%	-	new	NEW
APPLIED MATLS INC	AMAT	$1.2M	2,397	0.15%	-	new	NEW
VANGUARD INDEX FDS	VTI	$1.2M	3,262	0.15%	-	new	NEW
AMERICAN EXPRESS CO	AXP	$1.2M	4,005	0.15%	-0.41pp	8q	-19.1%-$287.3K
ISHARES TR	TLT	$1.2M	15,480	0.15%	-	new	NEW
INVESCO EXCH TRADED FD TR II	XMLV	$1.2M	18,998	0.15%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCT	$1.2M	64,116	0.14%	-	new	NEW
UNITEDHEALTH GROUP INC	UNH	$1.2M	3,158	0.14%	-0.62pp	16q	-42.2%-$845.1K
DEERE CO	DE	$1.1M	1,681	0.14%	-0.34pp	16q	-25.8%-$391.6K
L3HARRIS TECHNOLOGIES INC	LHX	$1.1M	4,767	0.14%	+0.01pp	7q	+250.0%+$806.2K
SALESFORCE INC	CRM	$1.1M	4,859	0.14%	-	new	NEW
RTX CORPORATION	RTX	$1.1M	5,997	0.14%	-0.25pp	16q	HELD
NORTHROP GRUMMAN CORP	NOC	$1.1M	2,287	0.13%	-	new	NEW
ALPS ETF TR	OUSA	$1.1M	18,401	0.13%	-	new	NEW
EATON CORP PLC	ETN	$1.1M	2,543	0.13%	-	new	NEW
LINCOLN ELEC HLDGS INC	LECO	$1.1M	4,116	0.13%	-	new	NEW
LOCKHEED MARTIN CORP	LMT	$1.1M	2,068	0.13%	-0.11pp	16q	+48.8%+$345.3K
INTERNATIONAL BUSINESS MACHS	IBM	$1.0M	4,728	0.13%	-	new	NEW
INVESCO EXCHANGE TRADED FD T	RZG	$1.0M	16,547	0.13%	-	new	NEW
VANGUARD INDEX FDS	VOT	$1.0M	3,425	0.12%	-	new	NEW
AMGEN INC	AMGN	$999.7K	2,372	0.12%	-0.64pp	16q	-62.1%-$1.6M
ISHARES TR	IEFA	$942.7K	9,730	0.11%	-	new	NEW
ABBVIE INC	ABBV	$919.6K	3,515	0.11%	+0.01pp	9q	+185.5%+$597.5K
INVESCO EXCHANGE TRADED FD T	RFG	$906.4K	15,327	0.11%	-	new	NEW
IQVIA HLDGS INC	IQV	$886.1K	3,296	0.11%	-	new	NEW
GE AEROSPACE	GE	$865.4K	2,771	0.11%	-2.10pp	10q	-84.3%-$4.6M
WILLIS TOWERS WATSON PLC LTD	WTW	$859.5K	2,982	0.10%	-	new	NEW
MERCK & CO INC	MRK	$854.5K	5,880	0.10%	-	new	NEW
BANK OF AMER CORP	BAC	$839.4K	15,422	0.10%	-0.33pp	16q	-32.5%-$403.3K
FIRST TR EXCHANGE-TRADED FD	KNG	$815.9K	16,949	0.10%	-	new	NEW
BLACKSTONE INC	BX	$810.7K	7,233	0.10%	-	new	NEW
ISHARES TR	IVE	$785.2K	3,440	0.10%	-	new	NEW
CISCO SYS INC	CSCO	$785.0K	7,293	0.10%	-	new	NEW
ISHARES TR	IWB	$784.1K	1,884	0.10%	-	new	NEW
SERVICENOW INC	NOW	$758.0K	5,656	0.09%	-	new	NEW
VANGUARD ADMIRAL FDS INC	IVOG	$738.4K	5,405	0.09%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JEPQ	$721.6K	11,779	0.09%	-	new	NEW
RIGETTI COMPUTING INC	RGTI	$717.0K	45,551	0.09%	-	new	NEW
ISHARES TR	IWF	$708.6K	5,657	0.09%	-	new	NEW
ISHARES BITCOIN TRUST ETF	IBIT	$707.2K	14,938	0.09%	-	new	NEW
BLACKROCK ETF TRUST II	BINC	$691.3K	13,611	0.08%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCU	$684.0K	42,379	0.08%	-	new	NEW
ISHARES INC	IEMG	$683.5K	8,422	0.08%	-	new	NEW
INNOVATOR ETFS TRUST	TJUL	$655.2K	21,366	0.08%	-	new	NEW
D-WAVE QUANTUM INC	QBTS	$635.4K	38,349	0.08%	-	new	NEW
ISHARES INC	ACWV	$634.2K	5,167	0.08%	-	new	NEW
PNC FINL SVCS GROUP INC	PNC	$630.0K	2,834	0.08%	-0.95pp	16q	-77.2%-$2.1M
ROBINHOOD MKTS INC	HOOD	$622.0K	5,529	0.08%	-	new	NEW
ASML HLDG NV	ASML	$616.2K	340	0.08%	-	new	NEW
FIRST TR EXCHANGE TRADED FD	CIBR	$605.8K	5,876	0.07%	-	new	NEW
FIRST TR EXCHANGE TRADED FD	RDVY	$605.4K	7,732	0.07%	-	new	NEW
WASTE MGMT INC DEL	WM	$599.3K	2,939	0.07%	flat	3q	+190.1%+$392.8K
SPDR GOLD TR	GLD	$598.6K	1,572	0.07%	-	new	NEW
SPDR SERIES TRUST	XAR	$596.9K	2,581	0.07%	-	new	NEW
ISHARES TR	SUSB	$584.3K	23,916	0.07%	-	new	NEW
VANGUARD SPECIALIZED FUNDS	VIG	$579.5K	2,484	0.07%	-	new	NEW
COCA COLA CO	KO	$574.6K	6,675	0.07%	-0.08pp	16q	+19.2%+$92.5K
CITIGROUP INC	C	$572.7K	4,423	0.07%	-1.79pp	11q	-88.9%-$4.6M
MORGAN STANLEY	MS	$570.3K	3,032	0.07%	-1.34pp	16q	-85.0%-$3.2M
J P MORGAN EXCHANGE TRADED F	BBAG	$556.0K	12,687	0.07%	-	new	NEW
CHEVRON CORPORATION	CVX	$552.5K	2,706	0.07%	-0.47pp	16q	-72.1%-$1.4M
BOOKING HOLDINGS INC	BKNG	$548.5K	3,367	0.07%	-	new	NEW
PHILIP MORRIS INTL INC	PM	$533.2K	2,794	0.06%	-	new	NEW
DUKE ENERGY CORP NEW	DUK	$527.3K	4,625	0.06%	-	new	NEW
ONEMAIN HLDGS INC	OMF	$521.6K	9,416	0.06%	-	new	NEW
KEYCORP	KEY	$513.3K	25,575	0.06%	-	new	NEW
CENCORA INC	COR	$499.2K	1,663	0.06%	-0.58pp	16q	-75.6%-$1.5M
ISHARES TR	IGRO	$498.6K	5,617	0.06%	-	new	NEW
CHARLES SCHWAB CORP (THE)	SCHW	$476.9K	4,879	0.06%	-	new	NEW
WELLTOWER INC	WELL	$469.7K	2,040	0.06%	-	new	NEW
ETF SER SOLUTIONS	UFOX	$467.6K	5,499	0.06%	-	new	NEW
GILEAD SCIENCES INC	GILD	$465.3K	3,122	0.06%	-	new	NEW
VANGUARD INDEX FDS	VO	$465.0K	5,930	0.06%	-	new	NEW
VANGUARD INDEX FDS	VB	$460.7K	1,619	0.06%	-	new	NEW
HOWMET AEROSPACE INC	HWM	$432.9K	1,914	0.05%	-	new	NEW
ISHARES TR	INDA	$431.2K	9,238	0.05%	-	new	NEW
T MOBILE US INC	TMUS	$425.1K	2,606	0.05%	-0.19pp	14q	-38.5%-$266.4K
VERIZON COMMUNICATIONS INC	VZ	$424.8K	9,260	0.05%	-	new	NEW
ELEVANCE HEALTH INC FORMERLY	ELV	$423.2K	1,089	0.05%	-	new	NEW
SELECT SECTOR SPDR TR	XLE	$418.7K	6,809	0.05%	-	new	NEW
IONQ INC	IONQ	$417.5K	9,520	0.05%	-	new	NEW
SPDR SERIES TRUST	MDYV	$417.3K	4,715	0.05%	-	new	NEW
SCHWAB STRATEGIC TR	SCHG	$413.0K	11,496	0.05%	-	new	NEW
FIRST TR EXCH TRADED FD III	FTLS	$412.9K	5,384	0.05%	-	new	NEW
ISHARES TR	USMV	$412.2K	4,230	0.05%	-	new	NEW
SPDR SERIES TRUST	SLYV	$410.5K	4,018	0.05%	-	new	NEW
VANGUARD WORLD FD	MGC	$407.4K	1,443	0.05%	-	new	NEW
ISHARES TR	IMCB	$399.2K	4,225	0.05%	-	new	NEW
NEXTERA ENERGY INC	NEE	$394.6K	5,210	0.05%	-	new	NEW
LIGHTBRIDGE CORP	LTBR	$392.3K	62,376	0.05%	-	new	NEW
BOEING CO	BA	$392.1K	2,107	0.05%	-	new	NEW
ISHARES GOLD TR	IAU	$383.3K	4,908	0.05%	-	new	NEW
QUALCOMM INC	QCOM	$381.2K	2,071	0.05%	-	new	NEW
TJX COS INC NEW	TJX	$379.1K	2,865	0.05%	-0.79pp	16q	-82.7%-$1.8M
ISHARES TR	IEI	$366.9K	3,234	0.04%	-	new	NEW
ISHARES TR	SHYG	$363.4K	8,809	0.04%	-	new	NEW
SPDR SERIES TRUST	SPYD	$363.3K	8,008	0.04%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VTC	$357.2K	4,908	0.04%	-	new	NEW
GENERAL DYNAMICS CORP	GD	$347.7K	1,048	0.04%	-	new	NEW
SELECT SECTOR SPDR TR	XLY	$344.8K	3,168	0.04%	-	new	NEW
PUTNAM ETF TRUST	FTOH	$342.5K	43,514	0.04%	-	new	NEW
SSGA ACTIVE TR	HYBL	$340.3K	12,341	0.04%	-	new	NEW
TEXAS INSTRS INC	TXN	$334.0K	1,192	0.04%	-	new	NEW
ISHARES TR	IWR	$333.1K	3,122	0.04%	-	new	NEW
TRANSDIGM GROUP INC	TDG	$325.9K	301	0.04%	-	new	NEW
MARSH & MCLENNAN COS INC	MRSH	$325.0K	1,904	0.04%	-	new	NEW
NETFLIX INC.	NFLX	$320.4K	4,605	0.04%	-	new	NEW
FLEX LTD	FLEX	$316.6K	2,879	0.04%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VGSH	$315.0K	5,473	0.04%	-	new	NEW
QUANTA SVCS INC	PWR	$314.0K	489	0.04%	-	new	NEW
ATI INC	ATI	$312.1K	1,648	0.04%	-	new	NEW
FIRST TR EXCHNG TRADED FD VI	BUFD	$306.1K	10,080	0.04%	-	new	NEW
THERMO FISHER SCIENTIFIC INC	TMO	$304.2K	451	0.04%	-	new	NEW
DELL TECHNOLOGIES INC	DELL	$302.9K	563	0.04%	-0.11pp	2q	-45.5%-$252.8K
MCKESSON CORP	MCK	$297.6K	349	0.04%	-0.73pp	16q	-88.5%-$2.3M
BAKER HUGHES COMPANY	BKR	$293.9K	5,354	0.04%	-	new	NEW
DOLLAR GEN CORP	DG	$293.1K	2,451	0.04%	-	new	NEW
LINDE PLC	LIN	$291.6K	614	0.04%	-0.77pp	15q	-86.8%-$1.9M
RENAISSANCE CAP GREENWICH FD	IPO	$285.8K	5,431	0.03%	-	new	NEW
PEPSICO INC	PEP	$281.9K	2,224	0.03%	-	new	NEW
ISHARES TR	IWD	$278.1K	1,122	0.03%	-	new	NEW
CAPITAL GROUP DIVIDEND VALUE	CGDV	$274.5K	5,620	0.03%	-	new	NEW
INVESCO EXCH TRD SLF IDX FD	BSCV	$273.5K	17,341	0.03%	-	new	NEW
UNITED PARCEL SVCS INC	UPS	$272.7K	2,919	0.03%	-	new	NEW
CHIPOTLE MEXICAN GRILL INC	CMG	$264.6K	8,282	0.03%	-	new	NEW
ANALOG DEVICES INC	ADI	$259.4K	654	0.03%	-	new	NEW
CUMMINS INC	CMI	$252.5K	489	0.03%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VCIT	$251.4K	3,210	0.03%	-	new	NEW
PFIZER INC	PFE	$248.8K	8,725	0.03%	-	new	NEW
BLACKROCK ETF TRUST II	CLOA	$247.3K	4,767	0.03%	-	new	NEW
VANGUARD INTL EQUITY INDEX F	VT	$245.1K	1,553	0.03%	-	new	NEW
ABBOTT LABORATORIES	ABT	$244.1K	2,470	0.03%	-	new	NEW
SELECT SECTOR SPDR TR	XLP	$241.9K	3,002	0.03%	-	new	NEW
MARATHON PETE CORP	MPC	$237.5K	601	0.03%	-0.10pp	16q	-60.1%-$358.5K
CAPITAL GRP FIXED INCM ETF T	CGMU	$232.0K	8,942	0.03%	-	new	NEW
ISHARES TR	IWV	$228.1K	528	0.03%	-	new	NEW
SCHWAB STRATEGIC TR	FNDF	$227.8K	4,238	0.03%	-	new	NEW
VANECK ETF TRUST	SMH	$227.8K	374	0.03%	-1.51pp	6q	-94.7%-$4.1M
DIMENSIONAL ETF TRUST	DFAS	$224.7K	2,903	0.03%	-	new	NEW
GALLAGHER ARTHUR J CO	AJG	$221.6K	972	0.03%	-0.04pp	2q	+7.6%+$15.7K
INVESCO EXCHANGE TRADED FD T	PPA	$219.6K	1,420	0.03%	-	new	NEW
VANECK ETF TRUST	GDX	$212.7K	2,422	0.03%	-	new	NEW
CORNING INC	GLW	$210.5K	1,369	0.03%	-0.24pp	3q	-55.9%-$266.9K
ROSS STORES INC	ROST	$209.8K	899	0.03%	-	new	NEW
VANGUARD INDEX FDS	VBR	$207.9K	900	0.03%	-	new	NEW
VANGUARD WORLD FD	VFH	$206.5K	1,588	0.03%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VONG	$206.2K	1,599	0.03%	-	new	NEW
CADENCE DESIGN SYSTEM INC	CDNS	$205.4K	622	0.03%	-	new	NEW
ISHARES TR	VLUE	$202.5K	1,023	0.02%	-	new	NEW
VANGUARD INDEX FDS	VNQ	$200.2K	2,233	0.02%	-	new	NEW
BLUE OWL CAPITAL INC	OWL	$161.3K	17,750	0.02%	-	new	NEW
NUVEEN PFD & INCOME OPPORTUN	JPC	$92.5K	13,562	0.01%	-	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
Software & IT Services	$180.9M	22.0%
Industrials	$79.1M	9.6%
Semiconductors & Electronics	$78.0M	9.5%
Insurance	$45.2M	5.5%
Retail & Consumer	$31.5M	3.8%
Computer Hardware	$29.4M	3.6%
Funds & ETFs	$23.6M	2.9%
Other sectors	$70.4M	8.6%
Not classified	$282.6M	34.4%

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	-1.9%	+2.1%	-4.0%	100%
Q2 2026	+32.6%	+14.8%	+17.7%	100%
Q1 2026	-1.2%	-4.6%	+3.4%	100%
Q4 2025	+4.5%	+2.4%	+2.1%	100%
Q3 2025	+9.9%	+7.8%	+2.1%	100%
Q2 2025	+16.3%	+10.5%	+5.9%	100%
Q1 2025	-6.5%	-4.6%	-2.0%	100%
Q4 2024	+2.5%	+2.1%	+0.3%	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	$820.7M	245	189	23	32	27	45.8%	14
Q2 2026	$299.0M	83	9	40	15	3	47.9%	27
Q1 2026	$226.8M	77	6	26	17	4	43.2%	28
Q4 2025	$232.4M	75	0	36	28	11	42.9%	28
Q3 2025	$224.5M	86	0	37	13	0	41.2%	21
Q2 2025	$202.0M	86	4	37	37	7	40.2%	45
Q1 2025	$173.6M	89	4	42	26	3	40.2%	31
Q4 2024	$187.8M	88	7	54	22	3	46.8%	29
Q3 2024	$161.6M	84	5	69	3	2	40.3%	37
Q2 2024	$138.5M	81	3	54	18	1	41.8%	30
Q1 2024	$124.5M	79	10	43	20	9	40.1%	31
Q4 2023	$103.7M	78	1	28	26	1	43.3%	31
Q3 2023	$92.7M	78	0	3	66	3	41.5%	25
Q2 2023	$94.6M	81	4	45	18	7	38.3%	17
Q1 2023	$83.6M	84	2	52	18	8	35.4%	26
Q4 2022	$81.1M	90	0	0	0	0	33.1%	24

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.