DaveManuel.com · Institutional Ownership · 13F Holdings
Burford Brothers, Inc.
Reported holdings as of Q3 2026, from 12 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $24.2M | 72,623 | +1.08pp | 12q | HELD | |
| CAPITAL GROUP CORE EQUITY ET | CGUS | $16.5M | 370,276 | -0.04pp | 12q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $11.6M | 23,331 | -0.12pp | 12q | -1.6%-$191.7K | |
| MICROSOFT CORP | MSFT | $10.7M | 20,847 | +1.03pp | 12q | HELD | |
| CAPITAL GROUP GROWTH ETF | CGGR | $10.0M | 211,057 | +0.03pp | 12q | +1.0%+$97.6K | |
| JANUS DETROIT STR TR | VNLA | $8.7M | 180,134 | -0.84pp | 12q | -19.8%-$2.2M | |
| TESLA INC | TSLA | $8.0M | 22,422 | -0.58pp | 12q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $6.8M | 41,845 | - | new | NEW | |
| CAPITAL GROUP GBL GROWTH EQT | CGGO | $6.6M | 164,988 | -0.17pp | 12q | HELD | |
| AMAZON COM INC | AMZN | $5.9M | 23,701 | +0.07pp | 12q | HELD | |
| TEVA PHARMACEUTICAL INDS LTD | TEVA | $5.8M | 146,355 | - | new | NEW | |
| META PLATFORMS INC | META | $5.0M | 6,930 | +0.61pp | 12q | +17.3%+$741.9K | |
| ALPHABET INC | GOOG | $4.5M | 13,180 | -0.07pp | 12q | HELD | |
| JPMORGAN CHASE & CO | JPM | $4.3M | 13,143 | +0.01pp | 12q | HELD | |
| NVIDIA CORPORATION | NVDA | $3.9M | 17,098 | +0.46pp | 12q | +31.0%+$925.2K | |
| GE VERNOVA INC | GEV | $3.5M | 3,648 | -0.42pp | 10q | -6.3%-$232.9K | |
| GE AEROSPACE | GE | $3.4M | 11,018 | -0.39pp | 10q | -8.0%-$299.8K | |
| FIRST SOLAR INC | FSLR | $3.4M | 19,186 | -0.44pp | 12q | HELD | |
| CATERPILLAR INC | CAT | $3.3M | 4,128 | -0.39pp | 12q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $3.0M | 3,886 | +0.01pp | 12q | HELD | |
| ABBVIE INC | ABBV | $2.8M | 10,781 | +0.03pp | 12q | HELD | |
| CAPITAL GROUP CORE BALANCED | CGBL | $2.7M | 74,229 | -0.03pp | 9q | +1.2%+$32.4K | |
| VISTRA CORP | VST | $2.7M | 19,280 | -0.16pp | 12q | -0.7%-$17.6K | |
| WALMART INC | WMT | $2.5M | 24,059 | -0.08pp | 12q | +0.6%+$14.3K | |
| JOHNSON & JOHNSON | JNJ | $2.5M | 9,287 | +0.04pp | 12q | +0.8%+$20.6K | |
| CAPITAL GROUP INTL FOCUS EQT | CGXU | $2.2M | 65,567 | -0.01pp | 12q | HELD | |
| ALTRIA GROUP INC | MO | $2.2M | 32,762 | -0.06pp | 12q | HELD | |
| ASML HLDG NV | ASML | $2.2M | 1,214 | -0.08pp | 12q | HELD | |
| COCA COLA CO | KO | $2.1M | 24,271 | +0.04pp | 12q | HELD | |
| TEXAS INSTRS INC | TXN | $2.0M | 7,278 | -0.06pp | 12q | HELD | |
| CAPITAL GROUP DIVIDEND VALUE | CGDV | $2.0M | 41,496 | -0.02pp | 12q | -1.2%-$24.0K | |
| PROCTER & GAMBLE CO | PG | $2.0M | 13,588 | -0.01pp | 12q | +0.5%+$10.8K | |
| iShares Tr | SHV | $1.9M | 17,551 | +0.22pp | 3q | +46.7%+$616.6K | |
| CHEVRON CORPORATION | CVX | $1.9M | 9,163 | +0.11pp | 12q | -1.7%-$32.7K | |
| OMEGA HEALTHCARE INVS INC | OHI | $1.6M | 34,066 | -0.07pp | 6q | -7.7%-$132.2K | |
| AMPHENOL CORP | APH | $1.6M | 18,592 | +0.12pp | 3q | +33.0%+$389.3K | |
| ENERGY TRANSFER L P | ET | $1.5M | 78,351 | flat | 12q | -2.8%-$44.1K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $1.5M | 24,575 | +0.06pp | 12q | +4.8%+$69.8K | |
| ASA GOLD AND PRECIOUS MTLS L | ASA | $1.5M | 27,210 | +0.03pp | 12q | HELD | |
| AMBEV SA | ABEV | $1.5M | 501,254 | +0.25pp | 12q | +101.1%+$735.9K | |
| NNN REIT INC | NNN | $1.4M | 34,895 | +0.06pp | 4q | +29.3%+$324.6K | |
| DORCHESTER MINERALS LP | DMLP | $1.4M | 50,638 | +0.04pp | 4q | -2.2%-$31.5K | |
| MPLX LP | MPLX | $1.4M | 24,913 | flat | 6q | HELD | |
| AMGEN INC | AMGN | $1.4M | 3,270 | +0.07pp | 12q | +0.6%+$7.6K | |
| COINBASE GLOBAL INC | COIN | $1.4M | 7,351 | +0.11pp | 12q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.3M | 2,955 | -0.03pp | 4q | -1.0%-$14.1K | |
| PRICE T ROWE GROUP INC | TROW | $1.3M | 12,848 | - | new | NEW | |
| FERMI INC | FRMI | $1.3M | 313,930 | -0.51pp | 2q | +6.6%+$82.2K | |
| MATADOR RES CO | MTDR | $1.3M | 25,329 | +0.01pp | 12q | HELD | |
| TARGET CORP | TGT | $1.3M | 8,255 | +0.08pp | 12q | HELD | |
| KT CORP | KT | $1.3M | 67,977 | +0.20pp | 3q | +60.2%+$484.3K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.3M | 5,833 | -0.14pp | 12q | -1.1%-$14.1K | |
| PROGRESSIVE CORP | PGR | $1.3M | 6,129 | -0.22pp | 3q | -27.9%-$491.2K | |
| AMERICAN EXPRESS CO | AXP | $1.2M | 3,970 | -0.05pp | 12q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGMS | $1.2M | 46,006 | +0.13pp | 11q | +48.6%+$394.8K | |
| SANOFI SA | SNY | $1.2M | 28,953 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLE | $1.2M | 19,368 | +0.13pp | 12q | +23.8%+$229.1K | |
| ALPHABET INC | GOOGL | $1.2M | 3,373 | -0.02pp | 12q | HELD | |
| PHILIP MORRIS INTL INC | PM | $1.1M | 5,769 | +0.02pp | 12q | HELD | |
| CF INDUSTRIES HOLD | CF | $1.1M | 9,487 | - | new | NEW | |
| BHP BILLITON LIMITED | BHP | $1.1M | 12,728 | flat | 12q | HELD | |
| PHILLIPS 66 | PSX | $1.1M | 4,180 | +0.13pp | 12q | +1.0%+$10.2K | |
| UGI CORP NEW | UGI | $1.1M | 29,814 | - | new | NEW | |
| RTX CORPORATION | RTX | $1.0M | 5,518 | -0.01pp | 12q | +0.7%+$7.1K | |
| JANUS DETROIT STR TR | JAAA | $1.0M | 20,170 | +0.03pp | 5q | +10.7%+$98.4K | |
| UNITEDHEALTH GROUP INC | UNH | $1.0M | 2,754 | -0.06pp | 12q | -1.6%-$16.5K | |
| VISA INC | V | $959.5K | 2,670 | flat | 12q | -4.3%-$42.8K | |
| MUELLER INDS INC | MLI | $923.6K | 15,239 | +0.26pp | 2q | +348.7%+$717.8K | |
| ISHARES TR | TLT | $858.6K | 11,039 | -0.05pp | 12q | -4.1%-$36.9K | |
| BLACKROCK INC | BLK | $852.9K | 806 | +0.03pp | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $831.5K | 4,248 | -0.05pp | 12q | -17.0%-$169.9K | |
| ARISTA NETWORKS INC | ANET | $829.0K | 4,072 | +0.05pp | 8q | +0.5%+$4.3K | |
| SELECT SECTOR SPDR TR | XLP | $824.0K | 10,223 | -0.03pp | 12q | -5.0%-$43.8K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $815.2K | 4,358 | +0.11pp | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLI | $810.0K | 4,851 | -0.06pp | 12q | -7.7%-$67.3K | |
| CHUBB LIMITED | CB | $798.3K | 2,454 | -0.02pp | 12q | HELD | |
| MCDONALDS CORP | MCD | $793.8K | 3,437 | -0.05pp | 12q | HELD | |
| STEEL DYNAMICS INC | STLD | $787.6K | 3,554 | - | new | NEW | |
| SALESFORCE INC | CRM | $786.8K | 3,427 | +0.09pp | 12q | +2.2%+$16.8K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $753.4K | 4,994 | flat | 2q | +13.3%+$88.6K | |
| BEST BUY INC | BBY | $739.4K | 8,379 | - | new | NEW | |
| BLOCK H & R INC | HRB | $736.5K | 18,030 | - | new | NEW | |
| FORD MTR CO | F | $734.5K | 60,903 | -0.04pp | 12q | +0.6%+$4.5K | |
| SMITH A O CORP | AOS | $732.2K | 12,989 | - | new | NEW | |
| HOME DEPOT INC | HD | $723.2K | 2,542 | -0.08pp | 12q | -3.5%-$26.2K | |
| EDISON INTL | EIX | $719.6K | 13,392 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $714.3K | 1,019 | +0.02pp | 7q | +8.9%+$58.2K | |
| STARBUCKS CORP | SBUX | $713.2K | 7,591 | -0.02pp | 12q | HELD | |
| BROADCOM INC | AVGO | $695.7K | 1,981 | +0.01pp | 9q | +11.9%+$74.1K | |
| SABINE RTY TR | SBR | $691.5K | 10,000 | -0.02pp | 12q | HELD | |
| GOLDMAN SACHS ETF TR | GSST | $684.6K | 13,567 | flat | 12q | HELD | |
| SELECT SECTOR SPDR TR | XLC | $663.3K | 5,978 | -0.01pp | 12q | -6.7%-$47.8K | |
| SELECT SECTOR SPDR TR | XLF | $662.2K | 12,400 | flat | 12q | +2.5%+$16.1K | |
| SELECT SECTOR SPDR TR | XLV | $657.5K | 3,904 | -0.01pp | 12q | -10.1%-$73.8K | |
| SELECT SECTOR SPDR TR | XLU | $650.5K | 16,494 | -0.04pp | 12q | -0.5%-$3.3K | |
| TYSON FOODS INC | TSN | $639.8K | 12,663 | -0.03pp | 12q | -0.6%-$3.8K | |
| CISCO SYS INC | CSCO | $608.8K | 5,657 | -0.02pp | 9q | HELD | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $597.3K | 10,399 | - | new | NEW | |
| BP PLC | BP | $587.4K | 13,352 | +0.03pp | 12q | HELD | |
| SPDR GOLD TR | GLD | $582.7K | 1,530 | +0.03pp | 12q | +15.6%+$78.5K | |
| HOWMET AEROSPACE INC | HWM | $575.4K | 2,544 | -0.04pp | 10q | HELD | |
| SELECT SECTOR SPDR TR | XLY | $557.9K | 5,126 | -0.04pp | 12q | -8.5%-$52.0K | |
| ISHARES TR | SHY | $544.8K | 6,709 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLRE | $541.0K | 13,224 | -0.05pp | 12q | -12.6%-$77.9K | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $526.7K | 8,057 | -0.01pp | 12q | -8.4%-$48.2K | |
| BRINKER INTL INC | EAT | $513.2K | 2,652 | +0.02pp | 9q | HELD | |
| UNION PAC CORP | UNP | $511.3K | 1,879 | flat | 12q | HELD | |
| SELECT SECTOR SPDR TR | XLB | $492.2K | 10,107 | -0.01pp | 12q | -2.6%-$13.2K | |
| NEXPOINT RESIDENTIAL TR INC | NXRT | $479.1K | 24,559 | -0.08pp | 12q | HELD | |
| SCHWAB STRATEGIC TR | FNDX | $474.7K | 15,084 | +0.01pp | 12q | +3.1%+$14.4K | |
| VERIZON COMMUNICATIONS INC | VZ | $464.7K | 10,131 | -0.55pp | 12q | -78.2%-$1.7M | |
| CAPITAL GRP FIXED INCM ETF T | CGSD | $463.4K | 18,351 | -0.02pp | 12q | -9.2%-$46.8K | |
| GENERAL MTRS CO | GM | $449.1K | 5,832 | -0.01pp | 12q | -6.3%-$30.1K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $447.4K | 1,734 | +0.02pp | 12q | HELD | |
| CONOCOPHILLIPS | COP | $440.8K | 3,522 | +0.03pp | 12q | -0.7%-$3.3K | |
| REPUBLIC SVCS INC | RSG | $407.9K | 1,944 | flat | 12q | HELD | |
| INVESCO MUN OPPORTUNIT TR | VMO | $406.6K | 48,690 | -0.03pp | 6q | HELD | |
| INVESCO TR INVT GRADE MUNS | VGM | $401.5K | 46,421 | -0.03pp | 6q | HELD | |
| NUVEEN AMT FREE MUN CR INC F | NVG | $400.8K | 37,778 | -0.03pp | 6q | HELD | |
| PALO ALTO NETWORKS SEP 19 25 USD190 100 SHS CALL | PANW | $397.3K | options only | - | new | OPTIONS | |
| UNITED STS COMMODITY INDEX F | USCI | $382.2K | 3,493 | +0.02pp | 12q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $380.0K | 417 | -0.02pp | 12q | -7.7%-$31.9K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $377.8K | 10,609 | flat | 12q | HELD | |
| INVESCO QQQ TR | QQQ | $372.8K | 504 | +0.01pp | 10q | +8.6%+$29.6K | |
| NOVO-NORDISK A S | NVO | $371.3K | 9,794 | -0.04pp | 12q | HELD | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $367.9K | 2,420 | +0.02pp | 12q | HELD | |
| RALPH LAUREN CORP | RL | $364.1K | 1,026 | -0.02pp | 8q | HELD | |
| DISNEY WALT CO | DIS | $360.4K | 3,436 | +0.01pp | 12q | +0.7%+$2.6K | |
| APPLIED MATLS INC | AMAT | $360.0K | 704 | -0.06pp | 2q | -1.1%-$4.1K | |
| PEPSICO INC | PEP | $350.0K | 2,762 | -0.01pp | 12q | -1.7%-$6.1K | |
| NUVEEN MUN CR INCOME FD | NZF | $340.9K | 31,480 | +0.02pp | 12q | +37.8%+$93.5K | |
| CONSOLIDATED EDISON INC | ED | $336.6K | 3,293 | -0.63pp | 12q | -82.3%-$1.6M | |
| SCHWAB STRATEGIC TR | SCHD | $329.6K | 10,131 | +0.01pp | 3q | +4.5%+$14.2K | |
| ABBOTT LABORATORIES | ABT | $328.8K | 3,327 | +0.01pp | 12q | HELD | |
| COMCAST CORP NEW | CMCSA | $325.6K | 14,964 | - | new | NEW | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $322.8K | 11,472 | -0.03pp | 12q | HELD | |
| MERCK & CO INC | MRK | $321.7K | 2,214 | +0.02pp | 4q | +2.5%+$7.7K | |
| PIMCO ETF TR | MINT | $321.5K | 3,197 | flat | 3q | HELD | |
| GRAYSCALE BITCOIN MINI TR ET | BTC | $315.8K | 8,548 | +0.03pp | 6q | HELD | |
| SIBANYE STILLWATER LTD | SBSW | $306.3K | 30,000 | +0.02pp | 2q | HELD | |
| PIMCO ETF TR | MUNI | $305.5K | 6,149 | -0.01pp | 7q | HELD | |
| S&P GLOBAL INC | SPGI | $303.0K | 768 | - | new | NEW | |
| EATON VANCE TAX-MANAGED DIVE | ETY | $300.7K | 21,400 | flat | 12q | HELD | |
| INVESCO MUNI INCOME OPP TRST | OIA | $300.7K | 52,470 | +0.03pp | 12q | +52.2%+$103.1K | |
| DEERE CO | DE | $298.8K | 445 | +0.01pp | 9q | HELD | |
| BLACKROCK MUNIASSETS FD INC | MUA | $295.9K | 30,980 | - | new | NEW | |
| VANGUARD WORLD FD | VHT | $292.3K | 925 | +0.01pp | 3q | +1.0%+$2.8K | |
| ISHARES INC | IEMG | $290.5K | 3,579 | -0.03pp | 12q | -18.7%-$66.7K | |
| LAUDER ESTEE COS INC | EL | $289.7K | 3,123 | +0.02pp | 12q | HELD | |
| FIRSTENERGY CORP | FE | $287.6K | 6,638 | -0.01pp | 12q | -0.7%-$2.0K | |
| VANGUARD INTL EQUITY INDEX F | VGK | $285.8K | 3,293 | -0.01pp | 12q | -4.7%-$14.2K | |
| PFIZER INC | PFE | $284.4K | 9,971 | flat | 12q | -11.0%-$35.3K | |
| ISHARES U S ETF TR | NEAR | $281.9K | 5,654 | flat | 3q | HELD | |
| INTUITIVE SURGICAL INC | ISRG | $279.8K | 688 | flat | 12q | HELD | |
| PULTEGROUP INC | PHM | $278.5K | 2,400 | -0.02pp | 12q | -2.4%-$7.0K | |
| FRANKLIN MUN OPPORTUNITIES T | PMO | $276.0K | 30,200 | +0.02pp | 12q | +51.8%+$94.1K | |
| AMERICAN CENTY ETF TR | KORP | $269.0K | 6,065 | -0.01pp | 3q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGMU | $264.5K | 10,196 | -0.01pp | 4q | HELD | |
| NUCOR CORP | NUE | $258.3K | 1,105 | flat | 2q | HELD | |
| MORGAN STANLEY EMERGING MKTS | EDD | $257.0K | 48,860 | -0.01pp | 3q | HELD | |
| ISHARES INC | EWJ | $256.8K | 2,635 | -0.01pp | 12q | -9.3%-$26.2K | |
| PIMCO INCOME STRATEGY FD II | PFN | $254.3K | 40,760 | -0.01pp | 3q | HELD | |
| SHERWIN WILLIAMS CO | SHW | $252.2K | 780 | -0.01pp | 12q | +0.6%+$1.6K | |
| ISHARES TR | IWM | $250.8K | 903 | -0.02pp | 12q | -11.6%-$33.1K | |
| NETEASE COM INC | NTES | $249.3K | 2,058 | -0.01pp | 7q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $245.9K | 884 | flat | 12q | +0.7%+$1.7K | |
| CAPITAL GRP FIXED INCM ETF T | CGSM | $244.0K | 9,490 | flat | 3q | HELD | |
| HALLIBURTON CO | HAL | $232.7K | 7,319 | -0.01pp | 4q | +0.5%+$1.3K | |
| Rio Tinto PLC | RIO | $229.0K | 2,432 | -0.23pp | 9q | -73.3%-$629.7K | |
| MONDELEZ INTL INC | MDLZ | $224.0K | 3,874 | flat | 12q | HELD | |
| BARRICK MNG CORP | B | $223.2K | 5,487 | +0.01pp | 4q | -2.1%-$4.8K | |
| ENBRIDGE INC | ENB | $222.6K | 4,789 | -0.01pp | 8q | HELD | |
| NOKIA CORP | NOK | $222.6K | 21,950 | -0.03pp | 12q | HELD | |
| CARDINAL HEALTH INC | CAH | $222.1K | 998 | -0.01pp | 4q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGCP | $221.9K | 10,483 | flat | 7q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $219.7K | 3,587 | flat | 2q | HELD | |
| VANGUARD INDEX FDS | VTI | $215.9K | 577 | flat | 2q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $212.3K | 417 | -0.01pp | 3q | -13.1%-$32.1K | |
| GRAYSCALE COINDESK CRYPTO | GDLC | $208.3K | 5,429 | - | new | NEW | |
| ISHARES SILVER TR | SLV | $201.3K | 3,692 | - | new | NEW | |
| EATON VANCE TAX-MANAGED BUY- | ETV | $196.9K | 13,200 | flat | 12q | HELD | |
| EATON VANCE TAX MNGED BUY WR | ETB | $191.6K | 12,500 | flat | 12q | HELD | |
| NUVEEN FLOATING RATE INCOME | JFR | $97.2K | 13,070 | flat | 12q | HELD | |
| NEXPOINT DIVERSIFIED REL ET | NXDT | $68.6K | 13,161 | flat | 12q | HELD | |
| T1 ENERGY INC | TE | $57.7K | 14,950 | -0.03pp | 3q | HELD | |
| CHEGG INC | CHGG | $48.7K | 67,087 | flat | 12q | +80.9%+$21.8K |
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 |
|---|---|---|
| Computer Hardware | $27.3M | 9.9% |
| Software & IT Services | $25.0M | 9.1% |
| Semiconductors & Electronics | $21.2M | 7.7% |
| Biotech & Pharma | $16.5M | 6.0% |
| Energy | $15.7M | 5.7% |
| Insurance | $14.7M | 5.4% |
| Retail & Consumer | $14.2M | 5.2% |
| Autos & Aerospace | $10.4M | 3.8% |
| Funds & ETFs | $8.2M | 3.0% |
| Food, Drink & Tobacco | $8.1M | 2.9% |
| Banks & Lending | $6.9M | 2.5% |
| Industrials | $5.8M | 2.1% |
| Other sectors | $31.5M | 11.5% |
| Not classified | $69.0M | 25.1% |
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 | +0.3% | +2.1% | -1.9% | 100% |
| Q2 2026 | +8.8% | +14.8% | -6.1% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.8% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.1% | 100% |
| Q3 2025 | +8.1% | +7.8% | +0.3% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.8% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.8% | 100% |
| Q4 2024 | +1.2% | +2.1% | -1.0% | 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 | $274.5M | 186 | 19 | 42 | 46 | 15 | 39.7% | 21 |
| Q2 2026 | $272.5M | 182 | 15 | 74 | 36 | 5 | 38.8% | 28 |
| Q1 2026 | $243.9M | 172 | 15 | 65 | 39 | 16 | 39.4% | 27 |
| Q4 2025 | $242.2M | 173 | 16 | 29 | 47 | 10 | 41.0% | 36 |
| Q3 2025 | $233.9M | 167 | 10 | 60 | 32 | 4 | 41.0% | 23 |
| Q2 2025 | $217.9M | 161 | 16 | 36 | 51 | 13 | 41.6% | 29 |
| Q1 2025 | $206.0M | 158 | 13 | 58 | 29 | 11 | 41.0% | 30 |
| Q4 2024 | $203.7M | 156 | 13 | 54 | 29 | 14 | 43.2% | 24 |
| Q3 2024 | $191.8M | 157 | 14 | 41 | 39 | 8 | 40.8% | 23 |
| Q2 2024 | $172.0M | 151 | 9 | 62 | 28 | 7 | 39.3% | 45 |
| Q1 2024 | $152.4M | 149 | 8 | 58 | 36 | 9 | 35.8% | 45 |
| Q4 2023 | $141.5M | 150 | 0 | 0 | 0 | 0 | 37.6% | 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.