DaveManuel.com · Institutional Ownership · 13F Holdings

KPP Advisory Services LLC

Reported holdings as of Q3 2026, from 13 quarterly filings.

CIK

1989349

Reported value

$594.3M

Positions

320

Top 10 weight

31.9%

Filed

2026-10-26

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
INVESCO EXCH TRADED FD TR II	QQQM	$30.3M	99,487	5.10%	-0.66pp	11q	-33.8%-$15.5M
APPLE INC	AAPL	$21.4M	64,163	3.60%	+1.04pp	13q	-8.1%-$1.9M
INVESCO QQQ TR	QQQ	$20.3M	27,505	3.42%	+0.30pp	13q	-18.0%-$4.5M
INVESCO EXCHANGE TRADED FD T	XMHQ	$20.2M	180,580	3.39%	+0.76pp	10q	-2.0%-$420.3K
JOHN HANCOCK EXCHANGE TRADED	JHMM	$19.7M	275,678	3.32%	+0.76pp	11q	+2.2%+$417.9K
DIMENSIONAL ETF TRUST	DFUS	$18.7M	225,611	3.15%	+0.88pp	11q	+3.1%+$557.9K
CAPITAL GROUP DIVIDEND VALUE	CGDV	$17.5M	358,038	2.94%	+0.80pp	11q	+3.9%+$652.9K
MICROSOFT CORP	MSFT	$15.9M	31,015	2.68%	+1.09pp	13q	-7.8%-$1.3M
FIRST TR EXCHANGE-TRADED FD	FTGS	$13.0M	343,921	2.19%	+0.65pp	11q	+4.3%+$539.5K
AMERICAN CENTY ETF TR	AVUV	$12.7M	108,089	2.14%	+0.84pp	11q	+31.0%+$3.0M
INVESCO EXCHANGE TRADED FD T	XLG	$11.7M	184,148	1.97%	+0.63pp	10q	+6.0%+$665.6K
AMAZON COM INC	AMZN	$11.1M	44,487	1.87%	+0.37pp	13q	-10.1%-$1.2M
NVIDIA CORPORATION	NVDA	$10.8M	47,166	1.81%	+0.13pp	13q	-29.0%-$4.4M
FIRST TR EXCHNG TRADED FD VI	BUFR	$7.7M	205,248	1.29%	+0.45pp	5q	+12.3%+$843.8K
FIRST TR EXCHANGE-TRADED FD	SDVY	$7.1M	173,955	1.19%	+0.26pp	11q	+2.4%+$168.7K
ALPHABET INC	GOOGL	$6.6M	19,082	1.10%	+0.14pp	13q	-10.6%-$779.7K
VICTORY PORTFOLIOS II	VFLO	$6.5M	126,265	1.09%	+0.60pp	9q	+48.3%+$2.1M
INVESCO EXCHANGE TRADED FD T	SPHQ	$6.3M	75,098	1.06%	+0.16pp	11q	-5.6%-$376.3K
CAPITAL GROUP INTERNATIONAL	CGIC	$6.2M	172,049	1.04%	+0.35pp	3q	+15.2%+$815.5K
TCW ETF TRUST	FLXR	$6.1M	162,129	1.03%	+0.33pp	6q	+14.3%+$770.7K
WISDOMTREE TR	QGRW	$5.8M	84,253	0.97%	+0.31pp	8q	+6.4%+$347.7K
SCHWAB STRATEGIC TR	SCHG	$5.5M	153,785	0.93%	+0.27pp	11q	HELD
DIMENSIONAL ETF TRUST	DFAS	$5.4M	69,630	0.91%	-0.26pp	11q	-37.8%-$3.3M
SCHWAB STRATEGIC TR	SCHV	$5.2M	157,459	0.88%	+0.21pp	11q	+2.4%+$122.2K
ISHARES TR	IJR	$4.9M	36,110	0.83%	-0.03pp	11q	-20.6%-$1.3M
SPACE EXPLORATION TECHN CORP	SPCX	$4.9M	32,284	0.82%	+0.13pp	2q	+1.3%+$64.0K
JPMORGAN CHASE & CO	JPM	$4.8M	14,414	0.80%	-0.04pp	13q	-29.5%-$2.0M
PROCTER & GAMBLE CO	PG	$4.5M	30,734	0.75%	+0.16pp	13q	-3.5%-$162.6K
QUANTA SVCS INC	PWR	$4.4M	6,774	0.73%	+0.13pp	13q	+2.5%+$104.7K
LAM RESEARCH CORP	LRCX	$4.2M	12,677	0.70%	-0.02pp	8q	-3.2%-$136.0K
ALTRIA GROUP INC	MO	$4.1M	60,614	0.69%	+0.12pp	13q	-2.5%-$106.5K
TESLA INC	TSLA	$4.0M	11,142	0.67%	-0.27pp	13q	-18.8%-$917.9K
FIRST TR EXCHANGE-TRADED FD	FTCS	$3.9M	41,434	0.65%	+0.10pp	11q	-11.9%-$523.5K
ISHARES TR	DGRO	$3.9M	51,499	0.65%	-0.85pp	11q	-67.1%-$7.9M
PALO ALTO NETWORKS INC	PANW	$3.9M	9,739	0.65%	+0.21pp	10q	-5.3%-$217.7K
TCW ETF TRUST	PWRD	$3.8M	36,456	0.65%	+0.14pp	6q	+11.3%+$389.1K
VANGUARD INDEX FDS	VOO	$3.8M	5,423	0.64%	-2.22pp	13q	-83.5%-$19.2M
INVESCO EXCHANGE TRADED FD T	RSP	$3.8M	18,225	0.64%	+0.07pp	11q	-13.7%-$601.6K
FIRST TR EXCHANGE-TRADED ALP	FEX	$3.8M	28,438	0.63%	+0.10pp	11q	-5.8%-$232.1K
ASML HLDG NV	ASML	$3.6M	1,993	0.61%	+0.11pp	11q	HELD
SPDR SERIES TRUST	XNTK	$3.6M	9,347	0.60%	+0.13pp	6q	-2.2%-$82.2K
JOHNSON & JOHNSON	JNJ	$3.5M	13,309	0.59%	+0.17pp	13q	HELD
ISHARES TR	IJH	$3.4M	47,307	0.57%	+0.06pp	11q	-9.9%-$375.5K
EXXONMOBIL HOLDINGS CORP	XOM	$3.3M	20,419	0.56%	-	new	NEW
ELI LILLY & CO	LLY	$3.3M	2,869	0.56%	+0.12pp	13q	HELD
META PLATFORMS INC	META	$3.3M	4,522	0.55%	+0.23pp	13q	-0.7%-$22.5K
VANGUARD INDEX FDS	VBK	$3.3M	9,662	0.55%	+0.09pp	11q	-1.8%-$59.5K
ISHARES TR	IEFA	$3.1M	32,269	0.53%	+0.04pp	3q	-18.3%-$701.5K
BROADCOM INC	AVGO	$3.1M	8,686	0.51%	-0.07pp	13q	-28.8%-$1.2M
FIRST TR EXCHANGE-TRADED FD	RDVI	$3.0M	108,563	0.51%	+0.11pp	11q	+1.3%+$37.4K
FIRST TR EXCHANGE-TRADED FD	FVD	$3.0M	64,236	0.51%	+0.04pp	11q	-15.7%-$562.4K
AT&T INC	T	$2.9M	120,245	0.49%	+0.16pp	13q	-6.2%-$195.0K
VANGUARD MALVERN FDS	VCRB	$2.9M	39,769	0.49%	+0.20pp	2q	+32.5%+$718.5K
THERMO FISHER SCIENTIFIC INC	TMO	$2.9M	4,302	0.49%	+0.20pp	13q	-5.3%-$161.3K
PARKER HANNIFIN CORP	PH	$2.9M	3,003	0.48%	+0.11pp	13q	HELD
ADVANCED MICRO DEVICES INC	AMD	$2.8M	4,623	0.48%	+0.09pp	12q	-12.9%-$417.2K
SALESFORCE INC	CRM	$2.7M	11,558	0.45%	+0.21pp	13q	-4.7%-$129.9K
COLUMBIA ETF TR I	RECS	$2.6M	57,776	0.44%	+0.09pp	7q	-10.2%-$295.1K
CAPITAL GRP FIXED INCM ETF T	CGCB	$2.5M	100,700	0.42%	+0.11pp	9q	+7.3%+$170.2K
VANGUARD INDEX FDS	VOT	$2.3M	7,978	0.39%	+0.06pp	11q	-6.4%-$158.6K
ISHARES TR	IVW	$2.3M	16,336	0.39%	+0.08pp	11q	-9.0%-$230.2K
SELECT SECTOR SPDR TR	XLK	$2.3M	11,582	0.38%	+0.10pp	11q	-0.7%-$16.4K
PROSHARES TR	NOBL	$2.2M	40,515	0.37%	flat	11q	-22.2%-$625.5K
ALPHABET INC	GOOG	$2.2M	6,400	0.37%	+0.01pp	13q	-19.4%-$525.8K
BERKSHIRE HATHAWAY INC DEL	BRKB	$2.1M	4,265	0.36%	-0.02pp	13q	-28.8%-$860.5K
ABBVIE INC	ABBV	$2.1M	8,024	0.35%	+0.04pp	13q	-18.1%-$463.5K
BANK OF AMER CORP	BAC	$2.0M	36,532	0.33%	+0.02pp	13q	-16.6%-$395.9K
CAPITAL GROUP CORE EQUITY ET	CGUS	$2.0M	44,314	0.33%	+0.05pp	11q	-12.0%-$269.8K
ISHARES INC	IEMG	$2.0M	24,060	0.33%	+0.09pp	11q	+5.2%+$96.9K
US BANCORP	USB	$1.9M	33,134	0.32%	+0.06pp	13q	-4.1%-$82.8K
VISA INC	V	$1.9M	5,241	0.32%	+0.09pp	13q	HELD
HOME DEPOT INC	HD	$1.9M	6,540	0.31%	+0.03pp	13q	+1.7%+$31.3K
AMPHENOL CORP	APH	$1.8M	21,544	0.31%	+0.08pp	13q	+7.4%+$125.6K
FORD MTR CO	F	$1.8M	147,212	0.30%	+0.02pp	13q	-8.3%-$159.9K
DISNEY WALT CO	DIS	$1.8M	16,743	0.30%	+0.10pp	13q	+4.4%+$74.0K
AMGEN INC	AMGN	$1.7M	4,124	0.29%	+0.03pp	13q	-27.1%-$645.4K
WISDOMTREE TR	DLN	$1.7M	17,755	0.29%	+0.07pp	9q	-0.7%-$11.5K
INTUITIVE SURGICAL INC	ISRG	$1.7M	4,135	0.28%	+0.10pp	12q	+14.9%+$218.0K
MICRON TECHNOLOGY INC	MU	$1.7M	1,550	0.28%	-0.01pp	11q	-20.3%-$420.7K
ZEBRA TECHNOLOGIES CORPORATI	ZBRA	$1.6M	4,341	0.27%	+0.13pp	11q	+3.5%+$54.9K
VANGUARD INDEX FDS	VOE	$1.6M	8,046	0.26%	-0.20pp	11q	-57.1%-$2.1M
INVESCO EXCHANGE TRADED FD T	RFG	$1.6M	26,385	0.26%	+0.03pp	11q	-7.6%-$127.7K
MONOLITHIC PWR SYS INC	MPWR	$1.5M	1,113	0.25%	+0.06pp	11q	HELD
ACCENTURE PLC IRELAND	ACN	$1.4M	7,891	0.24%	+0.13pp	13q	+11.9%+$153.7K
STATE STR SPDR S&P 500 ETF T	SPY	$1.4M	1,837	0.24%	+0.06pp	11q	-3.2%-$46.5K
MCDONALDS CORP	MCD	$1.4M	6,059	0.24%	+0.02pp	13q	-4.7%-$69.3K
EATON CORP PLC	ETN	$1.4M	3,255	0.24%	+0.06pp	11q	+1.2%+$16.3K
RBB FD INC	UTWO	$1.3M	28,319	0.23%	+0.05pp	5q	-1.9%-$26.0K
WORLD GOLD TR	GLDM	$1.3M	16,209	0.22%	-1.05pp	9q	-87.2%-$9.1M
nan	MELI	$1.3M	767	0.22%	+0.07pp	3q	+4.9%+$62.2K
NEXTERA ENERGY INC	NEE	$1.3M	17,396	0.22%	+0.05pp	10q	+13.4%+$156.0K
PNC FINL SVCS GROUP INC	PNC	$1.3M	5,854	0.22%	+0.03pp	13q	-1.1%-$14.4K
MORGAN STANLEY	MS	$1.3M	6,836	0.22%	+0.01pp	13q	-13.2%-$194.9K
TEXAS INSTRS INC	TXN	$1.3M	4,538	0.21%	+0.02pp	13q	-12.4%-$180.1K
CISCO SYS INC	CSCO	$1.3M	11,675	0.21%	-0.07pp	13q	-39.4%-$815.7K
ISHARES TR	IOO	$1.2M	8,598	0.21%	+0.06pp	11q	-1.1%-$14.0K
ABBOTT LABORATORIES	ABT	$1.2M	12,517	0.21%	+0.06pp	13q	HELD
ORACLE CORP	ORCL	$1.2M	8,975	0.21%	+0.05pp	13q	+4.5%+$53.3K
RTX CORPORATION	RTX	$1.2M	6,593	0.21%	-0.01pp	13q	-25.9%-$428.7K
ROCKET LAB CORP	RKLB	$1.2M	17,369	0.20%	-0.05pp	4q	-12.5%-$172.9K
CHEVRON CORPORATION	CVX	$1.2M	5,896	0.20%	+0.05pp	13q	-20.5%-$310.8K
ISHARES TR	IMCG	$1.1M	12,165	0.19%	+0.03pp	11q	-5.0%-$59.9K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$1.1M	2,425	0.19%	+0.06pp	11q	+16.4%+$155.6K
VANECK ETF TRUST	SMH	$1.1M	1,811	0.19%	+0.02pp	4q	-10.8%-$133.4K
COSTCO WHOLESALE CORPORATION	COST	$1.1M	1,202	0.18%	+0.07pp	13q	+24.6%+$215.8K
TCW ETF TRUST	AIFD	$1.1M	20,190	0.18%	+0.10pp	2q	+62.5%+$420.8K
INTEL CORP	INTC	$1.1M	9,044	0.18%	+0.07pp	13q	+40.6%+$314.2K
J P MORGAN EXCHANGE TRADED F	JGRO	$1.1M	11,230	0.18%	+0.15pp	5q	+360.6%+$849.1K
FIRST TR EXCHANGE-TRADED FD	FDL	$1.1M	22,024	0.18%	+0.06pp	13q	+9.5%+$93.6K
VANGUARD INDEX FDS	VO	$1.1M	13,700	0.18%	+0.02pp	11q	-15.3%-$194.8K
AST SPACEMOBILE INC	ASTS	$1.1M	18,213	0.18%	-0.10pp	4q	-27.9%-$415.1K
WALMART INC	WMT	$1.0M	10,067	0.18%	-0.01pp	13q	-23.7%-$325.2K
UBER TECHNOLOGIES INC	UBER	$1.0M	15,143	0.17%	+0.10pp	5q	+85.6%+$478.3K
RBB FD INC	OBIL	$1.0M	20,773	0.17%	+0.04pp	3q	-2.4%-$24.9K
MORGAN STANLEY ETF TRUST	EVTR	$1.0M	21,228	0.17%	+0.05pp	8q	+8.1%+$76.9K
VANECK ETF TRUST	MOAT	$1.0M	9,589	0.17%	+0.04pp	11q	-2.6%-$27.5K
DELL TECHNOLOGIES INC	DELL	$1.0M	1,879	0.17%	+0.03pp	6q	-27.3%-$378.7K
CROWDSTRIKE HLDGS INC	CRWD	$1.0M	3,790	0.17%	+0.02pp	7q	-36.5%-$576.6K
SPDR INDEX SHS FDS	SPGM	$995.6K	11,509	0.17%	+0.04pp	11q	-3.6%-$37.3K
LINDE PLC	LIN	$983.8K	2,073	0.17%	+0.03pp	13q	HELD
LOCKHEED MARTIN CORP	LMT	$958.6K	1,882	0.16%	+0.03pp	13q	-10.4%-$111.0K
PACER FDS TR	CALF	$950.6K	17,841	0.16%	+0.01pp	11q	-21.7%-$263.8K
SPDR SERIES TRUST	MDYG	$930.8K	8,904	0.16%	+0.03pp	11q	+1.7%+$15.9K
VANGUARD INDEX FDS	VB	$928.8K	3,265	0.16%	+0.10pp	7q	+120.9%+$508.4K
ISHARES TR	IVV	$901.5K	1,177	0.15%	-1.32pp	11q	-92.4%-$11.0M
AMERICAN CENTY ETF TR	AVDE	$901.2K	10,002	0.15%	+0.08pp	3q	+66.4%+$359.6K
UNITED RENTALS INC	URI	$893.8K	893	0.15%	+0.02pp	8q	-4.2%-$39.0K
SERVICENOW INC	NOW	$882.7K	6,587	0.15%	+0.07pp	11q	-0.8%-$7.1K
SPDR SERIES TRUST	MDYV	$878.8K	9,929	0.15%	+0.03pp	11q	+3.0%+$25.7K
CINTAS CORP	CTAS	$877.1K	4,497	0.15%	+0.07pp	11q	+21.0%+$152.3K
FRANKLIN TEMPLETON ETF TR	FLQM	$874.2K	15,220	0.15%	-0.91pp	11q	-89.5%-$7.5M
FASTENAL CO	FAST	$871.1K	17,587	0.15%	+0.04pp	13q	-2.7%-$24.5K
CUMMINS INC	CMI	$868.9K	1,682	0.15%	+0.01pp	13q	+13.6%+$103.8K
SPDR SERIES TRUST	SPMD	$865.6K	13,731	0.15%	+0.06pp	6q	+34.2%+$220.6K
MERCK & CO INC	MRK	$855.8K	5,890	0.14%	+0.03pp	13q	-14.2%-$141.2K
QUALCOMM INC	QCOM	$849.0K	4,613	0.14%	+0.04pp	13q	+1.5%+$12.5K
VANGUARD INDEX FDS	VTI	$846.5K	2,262	0.14%	-0.07pp	11q	-51.2%-$888.7K
COCA COLA CO	KO	$842.9K	9,792	0.14%	-0.04pp	13q	-44.1%-$663.8K
MASTERCARD INCORPORATED	MA	$806.3K	1,462	0.14%	+0.07pp	7q	+45.5%+$252.0K
DIMENSIONAL ETF TRUST	DFAC	$800.1K	18,001	0.13%	+0.03pp	11q	HELD
CLOUDFLARE INC	NET	$797.4K	2,296	0.13%	+0.06pp	8q	HELD
EOG RES INC	EOG	$795.9K	5,777	0.13%	+0.05pp	3q	+18.5%+$124.0K
DIMENSIONAL ETF TRUST	DFIC	$793.6K	21,101	0.13%	-	new	NEW
TRANE TECHNOLOGIES PLC	TT	$791.8K	1,752	0.13%	-0.07pp	3q	-47.3%-$710.0K
AGILENT TECHNOLOGIES INC	A	$779.1K	4,522	0.13%	+0.06pp	12q	+3.2%+$24.1K
CAPITAL GROUP CORE BALANCED	CGBL	$771.1K	20,981	0.13%	+0.03pp	7q	HELD
JANUS DETROIT STR TR	JAAA	$768.0K	15,218	0.13%	+0.01pp	10q	-21.6%-$212.0K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$745.3K	808	0.13%	+0.03pp	4q	+1.0%+$7.4K
SPDR SERIES TRUST	BILS	$738.6K	7,435	0.12%	+0.02pp	11q	-7.3%-$58.1K
VANGUARD INDEX FDS	VNQ	$728.5K	8,128	0.12%	+0.02pp	5q	HELD
LAZARD ACTIVE ETF TR	IDEQ	$723.2K	20,650	0.12%	+0.05pp	2q	+22.8%+$134.4K
WISDOMTREE TR	OPPJ	$709.7K	11,946	0.12%	-0.02pp	2q	-37.2%-$420.2K
COLGATE PALMOLIVE CO	CL	$708.7K	8,307	0.12%	+0.02pp	13q	-7.6%-$58.4K
RBB FD INC	XBIL	$703.7K	14,080	0.12%	+0.03pp	5q	-3.4%-$25.0K
UNITEDHEALTH GROUP INC	UNH	$701.9K	1,912	0.12%	flat	13q	-18.3%-$157.5K
ISHARES TR	IFRA	$692.5K	12,584	0.12%	+0.02pp	11q	HELD
WISDOMTREE TR	DGRW	$687.2K	7,067	0.12%	+0.02pp	11q	-11.2%-$86.3K
VICTORY PORTFOLIOS II	SFLO	$680.8K	18,295	0.11%	+0.03pp	6q	-1.0%-$6.6K
ARISTA NETWORKS INC	ANET	$658.6K	3,235	0.11%	+0.05pp	5q	+13.9%+$80.4K
SPDR GOLD TR	GLD	$655.4K	1,721	0.11%	+0.03pp	13q	+2.5%+$16.0K
VANGUARD INDEX FDS	VUG	$651.8K	7,233	0.11%	-0.22pp	12q	-76.2%-$2.1M
SOUTHERN CO	SO	$648.3K	7,821	0.11%	-0.02pp	13q	-26.5%-$233.2K
PUTNAM ETF TRUST	PVAL	$636.4K	12,095	0.11%	-	new	NEW
TJX COS INC NEW	TJX	$635.0K	4,799	0.11%	+0.02pp	5q	+9.7%+$56.0K
FIRST TR EXCHNG TRADED FD VI	DFEB	$631.9K	12,244	0.11%	+0.03pp	3q	HELD
VANGUARD MALVERN FDS	VTIP	$631.7K	12,834	0.11%	+0.01pp	6q	-16.8%-$128.0K
FIFTH THIRD BANCORP	FITB	$617.3K	12,204	0.10%	+0.01pp	13q	-6.0%-$39.6K
ENERGY TRANSFER L P	ET	$616.2K	31,167	0.10%	+0.02pp	11q	-13.0%-$92.4K
ARCH CAP GROUP LTD	ACGL	$610.8K	6,613	0.10%	+0.03pp	2q	+10.3%+$57.2K
PHILIP MORRIS INTL INC	PM	$604.5K	3,168	0.10%	+0.02pp	3q	-11.0%-$74.4K
VALERO ENERGY CORP	VLO	$602.3K	1,554	0.10%	+0.02pp	6q	-35.4%-$330.2K
SELECT SECTOR SPDR TR	XLV	$595.4K	3,535	0.10%	+0.03pp	11q	-0.7%-$4.0K
INTERCONTINENTAL EXCHANGE IN	ICE	$590.2K	3,882	0.10%	+0.04pp	4q	+9.2%+$49.9K
BLACKSTONE INC	BX	$586.3K	5,230	0.10%	-0.04pp	13q	-42.5%-$434.2K
PEPSICO INC	PEP	$583.1K	4,601	0.10%	flat	13q	-15.9%-$110.1K
INTERNATIONAL BUSINESS MACHS	IBM	$577.1K	2,624	0.10%	+0.04pp	13q	+56.5%+$208.3K
ISHARES TR	IGIB	$567.6K	11,273	0.10%	+0.02pp	11q	+5.3%+$28.8K
DIMENSIONAL ETF TRUST	DFAI	$562.7K	13,583	0.09%	-0.01pp	4q	-31.1%-$254.5K
PROSHARES TR	EQRR	$562.3K	6,692	0.09%	flat	11q	-30.3%-$244.1K
VONTIER CORPORATION	VNT	$559.2K	17,810	0.09%	+0.03pp	13q	-3.4%-$19.9K
ISHARES TR	QUAL	$558.5K	2,513	0.09%	-0.15pp	11q	-71.7%-$1.4M
SPDR INDEX SHS FDS	SPDW	$551.0K	10,974	0.09%	+0.02pp	7q	-1.0%-$5.4K
PALANTIR TECHNOLOGIES INC	PLTR	$539.2K	2,883	0.09%	+0.02pp	7q	-38.1%-$331.6K
ISHARES TR	IBDR	$531.2K	21,915	0.09%	+0.04pp	9q	DEBT
GE AEROSPACE	GE	$528.7K	1,693	0.09%	+0.01pp	11q	-1.2%-$6.6K
VANGUARD SPECIALIZED FUNDS	VIG	$527.6K	2,261	0.09%	+0.01pp	11q	-13.3%-$81.0K
SELECT SECTOR SPDR TR	XLY	$522.6K	4,802	0.09%	+0.01pp	11q	-3.6%-$19.3K
CATERPILLAR INC	CAT	$515.7K	636	0.09%	-0.21pp	9q	-71.5%-$1.3M
FIRST TR EXCHANGE-TRADED ALP	FYX	$513.8K	3,818	0.09%	flat	11q	-22.9%-$153.0K
T MOBILE US INC	TMUS	$504.9K	3,096	0.08%	+0.02pp	12q	+5.4%+$26.1K
J P MORGAN EXCHANGE TRADED F	JPSE	$491.4K	8,726	0.08%	+0.01pp	11q	-2.2%-$11.3K
ASSURANT INC	AIZ	$488.5K	1,854	0.08%	+0.03pp	2q	+14.2%+$60.9K
PGIM ETF TR	PAAA	$482.0K	9,397	0.08%	-	new	NEW
IES HOLDINGS INC	IESC	$471.0K	1,467	0.08%	+0.01pp	5q	+2.0%+$9.3K
FIRST TR EXCHANGE-TRADED ALP	FNX	$467.2K	3,463	0.08%	+0.01pp	11q	HELD
ISHARES TR	IQLT	$460.5K	9,309	0.08%	+0.01pp	3q	-15.1%-$82.2K
THE CIGNA GROUP	CI	$459.0K	1,689	0.08%	+0.02pp	13q	+4.3%+$18.8K
RBB FD INC	TBIL	$455.8K	9,143	0.08%	+0.02pp	5q	HELD
AMERICAN EXPRESS CO	AXP	$454.9K	1,496	0.08%	flat	13q	-18.3%-$102.2K
ZOETIS INC	ZTS	$454.6K	6,511	0.08%	flat	13q	-26.3%-$162.1K
GE VERNOVA INC	GEV	$450.5K	474	0.08%	+0.01pp	5q	+11.5%+$46.6K
FIRST TR EXCHANGE TRADED FD	RDVY	$449.9K	5,746	0.08%	+0.03pp	2q	+25.0%+$90.1K
GOLDMAN SACHS GROUP INC	GS	$449.3K	499	0.08%	-0.03pp	8q	-40.5%-$305.2K
ISHARES TR	IBDS	$446.7K	18,520	0.08%	+0.03pp	4q	DEBT
ISHARES TR	IBTH	$446.4K	20,000	0.08%	+0.03pp	11q	+40.4%+$128.6K
ISHARES TR	IBTI	$438.2K	20,000	0.07%	+0.03pp	11q	+40.4%+$126.2K
VANGUARD WORLD FD	VIS	$434.3K	1,355	0.07%	+0.01pp	11q	HELD
L3HARRIS TECHNOLOGIES INC	LHX	$429.0K	1,812	0.07%	+0.02pp	2q	+18.7%+$67.7K
MEDTRONIC PLC	MDT	$426.3K	4,940	0.07%	+0.01pp	13q	-19.9%-$106.0K
J P MORGAN EXCHANGE TRADED F	JFLX	$424.7K	8,694	0.07%	-	new	NEW
ANTERO MIDSTREAM CORP	AM	$421.5K	20,908	0.07%	flat	13q	-10.9%-$51.4K
ABRDN LIFE SCIENCES INVESTOR	HQL	$421.4K	22,537	0.07%	+0.01pp	11q	-10.7%-$50.8K
SPDR SERIES TRUST	SPYG	$420.3K	3,415	0.07%	+0.02pp	3q	-3.7%-$16.2K
STRYKER CORPORATION	SYK	$416.4K	1,512	0.07%	+0.02pp	13q	+10.5%+$39.7K
ISHARES TR	MBB	$414.0K	4,619	0.07%	+0.02pp	10q	+6.0%+$23.5K
DFA INVT DIMENSIONS GROUP IN	DXUV	$405.4K	6,041	0.07%	-	new	NEW
WATERS CORP	WAT	$399.8K	910	0.07%	+0.02pp	13q	-0.7%-$2.6K
FIRST TR EXCHANGE-TRADED ALP	FTA	$398.9K	4,186	0.07%	+0.02pp	11q	HELD
ANALOG DEVICES INC	ADI	$398.3K	1,004	0.07%	+0.01pp	13q	-12.9%-$59.1K
APOLLO GLOBAL MGMT INC	APO	$396.9K	3,420	0.07%	+0.04pp	2q	+74.8%+$169.9K
Ventas Inc	VTR	$396.0K	4,658	0.07%	+0.01pp	8q	HELD
PROGRESSIVE CORP	PGR	$387.9K	1,871	0.07%	+0.01pp	13q	-6.5%-$27.2K
VANGUARD INDEX FDS	VTV	$386.8K	1,790	0.07%	-0.09pp	7q	-68.5%-$841.6K
SPDR SERIES TRUST	SDY	$378.5K	2,584	0.06%	+0.01pp	11q	HELD
VANGUARD WORLD FD	VAW	$377.2K	1,729	0.06%	+0.01pp	11q	HELD
DUKE ENERGY CORP NEW	DUK	$361.6K	3,172	0.06%	-0.01pp	13q	-27.5%-$137.3K
MARVELL TECHNOLOGY INC	MRVL	$361.2K	1,367	0.06%	-0.01pp	3q	-31.1%-$163.3K
ADOBE INC	ADBE	$360.4K	1,502	0.06%	-	new	NEW
BAKER HUGHES COMPANY	BKR	$358.9K	6,537	0.06%	-	new	NEW
ISHARES TR	IEF	$354.4K	3,968	0.06%	+0.02pp	11q	+24.7%+$70.1K
VANGUARD WORLD FD	VHT	$352.1K	1,114	0.06%	flat	13q	-29.6%-$148.2K
SCHWAB STRATEGIC TR	SCHM	$352.0K	10,347	0.06%	-0.01pp	11q	-34.5%-$185.5K
SPDR INDEX SHS FDS	SPEM	$348.4K	6,730	0.06%	+0.02pp	6q	+2.6%+$8.8K
VANGUARD BD INDEX FDS	BIV	$344.8K	4,732	0.06%	flat	11q	-13.5%-$53.9K
PFIZER INC	PFE	$342.9K	12,024	0.06%	+0.01pp	13q	-21.1%-$91.6K
3M CO	MMM	$334.1K	2,035	0.06%	+0.01pp	13q	-7.7%-$27.9K
PROSHARES TR	REGL	$332.0K	3,839	0.06%	+0.01pp	11q	HELD
ENTERPRISE PRODS PARTNERS L	EPD	$331.2K	9,301	0.06%	+0.01pp	11q	-10.8%-$40.0K
POLARIS INC	PII	$330.6K	6,340	0.06%	flat	6q	-1.8%-$6.0K
FORTINET INC	FTNT	$330.0K	1,846	0.06%	+0.02pp	2q	-1.8%-$5.9K
SPDR SERIES TRUST	SPYM	$327.0K	3,643	0.06%	-0.07pp	7q	-67.7%-$684.1K
WASTE MGMT INC DEL	WM	$323.2K	1,585	0.05%	+0.01pp	13q	+4.8%+$14.7K
HANCOCK JOHN PFD INCOME FD	HPI	$318.6K	22,760	0.05%	+0.01pp	6q	-3.0%-$9.8K
TWILIO INC	TWLO	$318.2K	1,088	0.05%	+0.02pp	4q	-15.8%-$59.7K
UNITED PARCEL SVCS INC	UPS	$315.7K	3,379	0.05%	-0.03pp	7q	-43.0%-$238.6K
CHUBB LIMITED	CB	$314.5K	967	0.05%	flat	13q	-15.4%-$57.2K
LOWES COS INC	LOW	$311.1K	1,688	0.05%	-0.01pp	13q	-27.2%-$116.3K
EVERPURE INC	P	$309.3K	2,365	0.05%	-	new	NEW
APPLIED MATLS INC	AMAT	$306.3K	599	0.05%	flat	3q	HELD
INTUIT	INTU	$305.8K	1,109	0.05%	-	new	NEW
KRAFT HEINZ CO	KHC	$304.6K	13,406	0.05%	+0.01pp	3q	HELD
WP CAREY INC	WPC	$303.6K	4,697	0.05%	+0.01pp	10q	-4.1%-$12.9K
EMCOR GROUP INC	EME	$303.3K	402	0.05%	+0.01pp	5q	HELD
ISHARES TR	ILCG	$300.0K	2,565	0.05%	+0.01pp	5q	-7.0%-$22.6K
ISHARES TR	AGG	$297.7K	3,149	0.05%	+0.01pp	11q	-6.0%-$19.0K
BOEING CO	BA	$295.4K	1,588	0.05%	-0.01pp	13q	-25.8%-$102.5K
FIRST TR EXCHANGE TRADED FD	CIBR	$290.7K	2,820	0.05%	+0.01pp	11q	-11.9%-$39.2K
SPDR SERIES TRUST	XBI	$288.6K	1,830	0.05%	+0.01pp	4q	HELD
BOOZ ALLEN HAMILTON HLDG COR	BAH	$287.9K	4,148	0.05%	+0.02pp	8q	HELD
HONEYWELL INTL INC	HON	$286.4K	1,358	0.05%	-0.04pp	2q	-56.2%-$366.9K
ISHARES TR	IWP	$284.4K	2,066	0.05%	+0.01pp	11q	HELD
EMERSON ELEC CO	EMR	$284.0K	1,831	0.05%	-0.07pp	13q	-73.0%-$766.8K
AMERICAN CENTY ETF TR	QGRO	$283.0K	2,414	0.05%	-0.02pp	7q	-43.8%-$220.4K
BUILDERS FIRSTSOURCE INC	BLDR	$282.5K	4,955	0.05%	-0.01pp	9q	-5.4%-$16.2K
HUBBELL INC	HUBB	$275.8K	608	0.05%	+0.01pp	6q	+15.8%+$37.6K
YUM! BRANDS INC	YUM	$274.7K	2,015	0.05%	+0.01pp	13q	HELD
ISHARES TR	OEF	$273.2K	715	0.05%	flat	11q	-19.3%-$65.3K
VANGUARD SCOTTSDALE FDS	VCSH	$271.1K	3,509	0.05%	flat	10q	-21.8%-$75.5K
GILEAD SCIENCES INC	GILD	$271.0K	1,818	0.05%	+0.01pp	9q	-16.4%-$53.2K
MEDICAL PROPERTIES TRUST INC	MPT	$270.8K	78,272	0.05%	flat	13q	-6.7%-$19.4K
BROWN FORMAN CORP	BFA	$269.1K	10,028	0.05%	+0.01pp	9q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$268.3K	2,745	0.05%	-	new	NEW
NETFLIX INC.	NFLX	$263.6K	3,789	0.04%	+0.01pp	7q	HELD
UNUM GROUP	UNM	$262.7K	2,994	0.04%	+0.01pp	9q	-6.3%-$17.5K
KINDER MORGAN INC DEL	KMI	$261.3K	8,665	0.04%	-0.01pp	13q	-35.0%-$140.5K
FEDEX CORP	FDX	$260.0K	912	0.04%	-0.01pp	13q	-37.6%-$156.5K
CHENIERE ENERGY INC	LNG	$259.3K	964	0.04%	+0.02pp	2q	+4.8%+$11.8K
CSX CORP	CSX	$259.1K	5,571	0.04%	+0.01pp	4q	HELD
WISDOMTREE TR	XSOE	$257.2K	5,490	0.04%	+0.01pp	6q	-0.8%-$2.2K
ISHARES TR	IGSB	$253.9K	4,955	0.04%	flat	7q	-24.9%-$84.1K
VANGUARD STAR FDS	VXUS	$252.6K	2,973	0.04%	+0.01pp	3q	HELD
ISHARES TR	IBTG	$251.7K	11,000	0.04%	-	new	NEW
ARK ETF TR	ARKK	$244.4K	2,743	0.04%	+0.01pp	6q	-19.5%-$59.3K
VANGUARD WORLD FD	MGC	$243.4K	862	0.04%	+0.01pp	2q	HELD
VISTRA CORP	VST	$242.9K	1,756	0.04%	-0.01pp	9q	-23.4%-$74.0K
ISHARES TR	IWV	$241.7K	560	0.04%	-0.01pp	6q	-39.2%-$155.8K
PROSHARES TR	SMDV	$241.6K	3,369	0.04%	+0.01pp	11q	-1.0%-$2.5K
SHERWIN WILLIAMS CO	SHW	$241.2K	746	0.04%	+0.02pp	2q	+27.3%+$51.7K
GOLDMAN SACHS ETF TR	GBIL	$240.6K	2,403	0.04%	-	new	NEW
ISHARES SILVER TR	SLV	$239.7K	4,397	0.04%	+0.01pp	4q	+14.9%+$31.1K
NUSHARES ETF TR	NULG	$238.6K	2,099	0.04%	+0.01pp	2q	HELD
AMERICAN ELEC PWR CO INC	AEP	$237.2K	1,999	0.04%	flat	5q	-22.9%-$70.6K
ISHARES TR	IBHH	$233.0K	10,075	0.04%	+0.01pp	2q	+5.8%+$12.7K
ISHARES TR	IBDT	$232.6K	9,320	0.04%	+0.01pp	3q	+5.1%+$11.2K
BANK OF MONTREAL	BMO	$227.0K	1,357	0.04%	+0.01pp	2q	-8.1%-$19.9K
VERTEX PHARMACEUTICALS INC	VRTX	$226.9K	434	0.04%	flat	5q	-20.9%-$60.1K
DEERE CO	DE	$225.8K	336	0.04%	-	new	NEW
ISHARES TR	IBTJ	$222.9K	10,500	0.04%	-	new	NEW
NUCOR CORP	NUE	$222.5K	952	0.04%	flat	3q	-21.1%-$59.4K
BLACKROCK ETF TRUST	DYNF	$219.1K	3,163	0.04%	-0.02pp	6q	-48.7%-$208.4K
MODERNA INC	MRNA	$214.7K	1,115	0.04%	-	new	NEW
DOVER CORP	DOV	$213.4K	1,141	0.04%	-	new	NEW
ISHARES TR	SHY	$212.6K	2,618	0.04%	-	new	NEW
FIDELITY NATL FINL INC	FNF	$212.2K	5,491	0.04%	flat	13q	-6.5%-$14.7K
NORFOLK SOUTHN CORP	NSC	$208.0K	673	0.03%	flat	13q	-24.6%-$67.7K
SPDR SERIES TRUST	SPTM	$207.3K	2,252	0.03%	+0.01pp	2q	HELD
ISHARES TR	IBHG	$205.6K	9,440	0.03%	+0.01pp	3q	-2.1%-$4.4K
DIMENSIONAL ETF TRUST	DFIV	$204.6K	3,662	0.03%	-	new	NEW
AKAMAI TECHNOLOGIES INC	AKAM	$204.5K	1,923	0.03%	flat	3q	-4.9%-$10.6K
CONSTELLATION ENERGY CORP	CEG	$201.4K	793	0.03%	-	new	NEW
HEICO CORP NEW	HEI	$200.1K	660	0.03%	flat	7q	-14.8%-$34.9K
AEVA TECHNOLOGIES INC	AEVA	$189.5K	13,500	0.03%	-0.02pp	3q	-0.7%-$1.4K
EATON VANCE TAX-MANAGED GLOB	EXG	$148.0K	15,725	0.02%	+0.01pp	11q	HELD
SFL CORPORATION LTD	SFL	$147.4K	11,204	0.02%	+0.01pp	4q	HELD
BLUE OWL CAPITAL INC	OWL	$141.0K	15,516	0.02%	flat	2q	-10.4%-$16.4K
CONAGRA BRANDS INC	CAG	$136.1K	10,125	0.02%	+0.01pp	3q	HELD
EOS ENERGY ENTERPRISES INC	EOSE	$96.5K	31,483	0.02%	flat	4q	+95.2%+$47.1K
PIMCO HIGH INCOME FD	PHK	$54.0K	13,160	0.01%	flat	11q	HELD
B&G Foods, Inc.	BGS	$42.3K	14,731	0.01%	-	new	NEW
SIDUS SPACE INC	SIDU	$19.9K	11,000	0.00%	-0.01pp	3q	-56.5%-$25.9K

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	$40.9M	6.9%
Computer Hardware	$30.1M	5.1%
Semiconductors & Electronics	$28.6M	4.8%
Retail & Consumer	$20.0M	3.4%
Industrials	$15.8M	2.7%
Biotech & Pharma	$15.5M	2.6%
Banks & Lending	$11.3M	1.9%
Autos & Aerospace	$10.9M	1.8%
Other sectors	$67.1M	11.3%
Not classified	$354.1M	59.6%

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%	-2.2%	100%
Q2 2026	+14.1%	+14.8%	-0.7%	100%
Q1 2026	-2.5%	-4.6%	+2.1%	100%
Q4 2025	+1.4%	+2.4%	-1.0%	100%
Q3 2025	+7.4%	+7.8%	-0.4%	100%
Q2 2025	+9.3%	+10.5%	-1.2%	100%
Q1 2025	-5.0%	-4.6%	-0.4%	100%
Q4 2024	+1.0%	+2.1%	-1.1%	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	$594.3M	320	21	82	176	62	31.9%	26
Q2 2026	$790.7M	361	31	114	137	19	27.3%	24
Q1 2026	$688.6M	349	36	106	144	15	25.6%	24
Q4 2025	$688.6M	328	19	118	118	20	28.8%	33
Q3 2025	$675.4M	329	31	127	99	10	29.7%	34
Q2 2025	$606.2M	308	32	140	76	15	28.9%	30
Q1 2025	$527.3M	291	52	152	61	19	28.5%	23
Q4 2024	$424.1M	258	14	118	76	16	31.4%	24
Q3 2024	$416.7M	260	23	79	110	1	31.1%	37
Q2 2024	$376.2M	238	14	106	79	17	32.5%	58
Q1 2024	$364.3M	241	120	61	51	5	33.7%	44
Q4 2023	$113.8M	126	14	45	58	104	41.9%	45
Q3 2023	$302.8M	216	0	0	0	0	38.2%	45

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.