DaveManuel.com · Institutional Ownership · 13F Holdings
FOUNDERS GROVE WEALTH PARTNERS, LLC
Reported holdings as of Q3 2026, from 8 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | VEA | $37.4M | 529,138 | -0.13pp | 8q | HELD | |
| SPDR SERIES TRUST | BIL | $26.1M | 285,018 | +0.01pp | 8q | +1.4%+$361.0K | |
| VANGUARD INDEX FDS | VUG | $24.0M | 266,179 | +0.14pp | 8q | HELD | |
| VANGUARD WORLD FD | VGT | $22.8M | 181,757 | +0.21pp | 8q | +1.0%+$232.5K | |
| ELI LILLY & CO | LLY | $17.4M | 15,028 | -0.25pp | 8q | -2.2%-$391.1K | |
| VANGUARD INDEX FDS | VV | $16.9M | 48,115 | +0.04pp | 8q | HELD | |
| ISHARES TR | IVW | $15.5M | 108,840 | +0.03pp | 8q | -1.3%-$196.0K | |
| VANGUARD BD INDEX FDS | VUSB | $14.4M | 290,369 | -0.02pp | 8q | +1.0%+$143.0K | |
| SELECT SECTOR SPDR TR | XLK | $13.5M | 68,791 | -0.01pp | 8q | -2.0%-$272.7K | |
| APPLE INC | AAPL | $12.1M | 36,472 | +0.25pp | 8q | -1.9%-$239.8K | |
| BLACKROCK ETF TRUST II | BINC | $10.7M | 209,987 | -0.06pp | 8q | +1.6%+$170.1K | |
| VANGUARD SCOTTSDALE FDS | VGIT | $10.5M | 185,225 | -0.07pp | 8q | +1.8%+$184.7K | |
| VANGUARD INDEX FDS | VOO | $9.8M | 13,983 | -0.06pp | 8q | -3.7%-$376.4K | |
| VANGUARD INDEX FDS | VTV | $9.6M | 44,208 | -0.05pp | 8q | -0.7%-$67.4K | |
| MICROSOFT CORP | MSFT | $9.1M | 17,744 | +0.52pp | 8q | +3.3%+$293.9K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $9.1M | 153,335 | -0.02pp | 8q | +0.8%+$71.6K | |
| ISHARES TR | AGG | $9.1M | 96,171 | -0.04pp | 6q | +3.9%+$339.0K | |
| VANGUARD WORLD FD | VHT | $8.4M | 26,529 | +0.06pp | 8q | -0.7%-$58.2K | |
| VANGUARD WORLD FD | VFH | $8.2M | 63,048 | -0.02pp | 8q | +1.2%+$96.5K | |
| VANGUARD WORLD FD | VCR | $7.5M | 20,663 | -0.13pp | 8q | +1.4%+$107.6K | |
| VANGUARD WHITEHALL FDS | VYM | $7.2M | 46,306 | -0.08pp | 8q | -2.5%-$180.8K | |
| VANGUARD WORLD FD | VIS | $7.2M | 22,370 | -0.25pp | 8q | -3.4%-$248.7K | |
| NVIDIA CORPORATION | NVDA | $7.2M | 31,312 | +0.24pp | 8q | +6.5%+$433.7K | |
| ISHARES TR | IJH | $6.3M | 86,868 | -0.12pp | 8q | -1.2%-$78.3K | |
| VANGUARD INDEX FDS | VO | $6.1M | 77,826 | -0.05pp | 8q | HELD | |
| ISHARES TR | IVE | $5.8M | 25,490 | -0.04pp | 8q | -3.0%-$181.5K | |
| VANGUARD WORLD FD | VOX | $5.3M | 27,563 | +0.06pp | 8q | +3.2%+$165.2K | |
| ISHARES TR | EFA | $4.5M | 43,276 | -0.03pp | 8q | -1.9%-$88.3K | |
| SPDR SERIES TRUST | SDY | $4.5M | 30,689 | -0.06pp | 8q | -1.1%-$51.4K | |
| VANGUARD BD INDEX FDS | BND | $3.9M | 56,185 | +0.12pp | 2q | +24.8%+$784.4K | |
| VANGUARD INDEX FDS | VOE | $3.7M | 18,836 | -0.02pp | 8q | HELD | |
| VANGUARD INDEX FDS | VOT | $3.6M | 12,297 | -0.05pp | 8q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PEY | $3.6M | 156,001 | -0.03pp | 8q | -1.8%-$66.9K | |
| FIRST TR EXCHANGE-TRADED FD | FDL | $3.4M | 69,372 | -0.01pp | 8q | -1.2%-$42.4K | |
| ALPHABET INC | GOOGL | $3.2M | 9,398 | -0.02pp | 8q | +1.8%+$56.4K | |
| VANGUARD WORLD FD | VDC | $3.2M | 14,651 | -0.02pp | 8q | +1.5%+$47.1K | |
| VANGUARD INDEX FDS | VB | $3.2M | 11,229 | -0.07pp | 8q | -3.0%-$99.9K | |
| VANGUARD WORLD FD | VDE | $3.2M | 18,409 | +0.08pp | 8q | +1.5%+$46.1K | |
| WISDOMTREE TR | DON | $3.1M | 57,091 | -0.04pp | 8q | -0.6%-$18.9K | |
| ISHARES TR | IJK | $3.0M | 27,603 | -0.06pp | 8q | -2.0%-$60.9K | |
| WISDOMTREE TR | AIVL | $3.0M | 23,194 | -0.03pp | 8q | -0.7%-$21.5K | |
| ISHARES INC | IEMG | $2.8M | 34,877 | -0.02pp | 8q | -0.6%-$16.1K | |
| ISHARES TR | IGSB | $2.7M | 52,087 | -0.30pp | 6q | -34.4%-$1.4M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $2.5M | 3,314 | flat | 8q | HELD | |
| ALPHABET INC | GOOG | $2.4M | 7,035 | -0.05pp | 8q | -4.4%-$109.4K | |
| JOHNSON & JOHNSON | JNJ | $2.3M | 8,856 | +0.04pp | 8q | +6.4%+$140.0K | |
| AMAZON COM INC | AMZN | $2.3M | 9,259 | +0.02pp | 8q | HELD | |
| ISHARES TR | SUB | $2.3M | 21,671 | +0.12pp | 8q | +40.2%+$649.7K | |
| ISHARES TR | IJR | $2.2M | 16,398 | -0.05pp | 8q | -1.2%-$26.3K | |
| WISDOMTREE TR | DES | $2.2M | 57,993 | -0.05pp | 8q | -3.2%-$73.3K | |
| MARATHON PETE CORP | MPC | $2.2M | 5,508 | +0.14pp | 8q | -4.5%-$103.6K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $2.2M | 27,874 | +0.36pp | 2q | +619.9%+$1.9M | |
| MICRON TECHNOLOGY INC | MU | $2.1M | 2,012 | +0.14pp | 3q | +62.8%+$826.5K | |
| TESLA INC | TSLA | $2.1M | 5,913 | -0.08pp | 8q | HELD | |
| ISHARES TR | IVV | $2.1M | 2,730 | flat | 8q | HELD | |
| BROADCOM INC | AVGO | $2.1M | 5,840 | -0.03pp | 8q | +2.2%+$45.0K | |
| J P MORGAN EXCHANGE TRADED F | JMST | $1.9M | 38,197 | flat | 8q | +1.3%+$24.2K | |
| SELECT SECTOR SPDR TR | XLY | $1.9M | 17,564 | -0.05pp | 8q | -3.2%-$63.5K | |
| ISHARES TR | IJJ | $1.9M | 13,842 | -0.08pp | 8q | -10.0%-$211.0K | |
| NORFOLK SOUTHN CORP | NSC | $1.9M | 6,042 | -0.01pp | 8q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.9M | 5,594 | +0.01pp | 8q | +3.7%+$65.8K | |
| ISHARES TR | SHY | $1.8M | 22,096 | -0.03pp | 8q | -5.6%-$106.2K | |
| ISHARES TR | IWM | $1.8M | 6,375 | -0.09pp | 8q | -13.1%-$266.2K | |
| SELECT SECTOR SPDR TR | XLF | $1.7M | 32,039 | -0.02pp | 8q | -4.6%-$82.2K | |
| ISHARES TR | IXG | $1.6M | 12,905 | -0.07pp | 8q | -18.3%-$367.5K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.6M | 10,014 | +0.06pp | 2q | +4.9%+$76.2K | |
| VANGUARD INDEX FDS | VBK | $1.6M | 4,610 | -0.03pp | 8q | HELD | |
| VANGUARD INDEX FDS | VNQ | $1.5M | 17,043 | -0.02pp | 8q | +2.4%+$36.1K | |
| VANGUARD INDEX FDS | VBR | $1.5M | 6,504 | -0.02pp | 8q | HELD | |
| SPDR SERIES TRUST | SLYV | $1.5M | 14,470 | -0.03pp | 8q | -3.3%-$51.2K | |
| ISHARES TR | EEM | $1.5M | 21,886 | -0.02pp | 8q | -4.3%-$65.0K | |
| PIMCO ETF TR | SMMU | $1.5M | 29,524 | -0.13pp | 8q | -28.0%-$566.7K | |
| SELECT SECTOR SPDR TR | XLI | $1.4M | 8,649 | -0.04pp | 8q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.4M | 3,155 | -0.03pp | 6q | -3.7%-$55.7K | |
| VANGUARD WORLD FD | VAW | $1.4M | 6,593 | -0.01pp | 8q | +2.0%+$28.8K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.4M | 2,770 | flat | 8q | +0.5%+$7.5K | |
| VANGUARD WORLD FD | VPU | $1.4M | 7,971 | -0.04pp | 8q | +1.9%+$25.6K | |
| iShares Tr | SHV | $1.3M | 11,844 | flat | 6q | HELD | |
| VISA INC | V | $1.3M | 3,530 | +0.02pp | 8q | +3.9%+$47.4K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.2M | 1,990 | +0.03pp | 4q | +8.7%+$97.9K | |
| META PLATFORMS INC | META | $1.2M | 1,670 | +0.05pp | 6q | +1.0%+$11.6K | |
| SELECT SECTOR SPDR TR | XLV | $1.2M | 6,952 | +0.01pp | 8q | HELD | |
| ISHARES TR | IJT | $1.1M | 7,171 | -0.03pp | 8q | HELD | |
| PROCTER & GAMBLE CO | PG | $1.1M | 7,796 | -0.02pp | 8q | -6.7%-$81.7K | |
| INTEL CORP | INTC | $1.0M | 8,385 | flat | 4q | +18.3%+$155.8K | |
| SPDR SERIES TRUST | SPTI | $960.2K | 35,198 | +0.04pp | 2q | +36.6%+$257.4K | |
| SPROTT ASSET MANAGEMENT LP | CEF | $915.7K | 22,043 | +0.10pp | 4q | +126.2%+$510.9K | |
| ABBVIE INC | ABBV | $901.7K | 3,447 | +0.03pp | 8q | +17.3%+$132.9K | |
| COCA COLA CO | KO | $896.4K | 10,414 | +0.01pp | 8q | HELD | |
| PHILIP MORRIS INTL INC | PM | $884.6K | 4,636 | +0.01pp | 8q | +2.6%+$22.5K | |
| ISHARES TR | IEI | $860.2K | 7,583 | -0.03pp | 6q | -10.3%-$98.6K | |
| ISHARES TR | MUB | $791.8K | 7,832 | -0.11pp | 8q | -36.4%-$452.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $747.0K | 1 | flat | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLC | $726.5K | 6,546 | flat | 8q | -1.1%-$8.0K | |
| BANK OF AMER CORP | BAC | $724.0K | 13,302 | -0.01pp | 8q | +1.8%+$12.8K | |
| CISCO SYS INC | CSCO | $711.8K | 6,613 | flat | 8q | +10.0%+$64.7K | |
| MERCK & CO INC | MRK | $711.4K | 4,896 | +0.01pp | 8q | -1.3%-$9.4K | |
| HOME DEPOT INC | HD | $672.4K | 2,364 | -0.04pp | 8q | -1.7%-$11.7K | |
| SALESFORCE INC | CRM | $662.1K | 2,884 | +0.04pp | 2q | HELD | |
| ASML HLDG NV | ASML | $646.8K | 357 | -0.01pp | 4q | +0.6%+$3.6K | |
| ADOBE INC | ADBE | $629.6K | 2,624 | +0.01pp | 2q | -2.1%-$13.7K | |
| ISHARES TR | IJS | $627.4K | 4,898 | -0.02pp | 8q | -4.1%-$27.2K | |
| CATERPILLAR INC | CAT | $602.4K | 743 | -0.04pp | 5q | +1.8%+$10.5K | |
| GLOBAL X FDS | CATH | $598.4K | 6,599 | flat | 7q | HELD | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $598.4K | 1,539 | -0.01pp | 8q | -10.6%-$71.2K | |
| APPLIED MATLS INC | AMAT | $591.7K | 1,157 | +0.02pp | 3q | +68.4%+$240.3K | |
| PALO ALTO NETWORKS INC | PANW | $582.5K | 1,466 | +0.02pp | 3q | +4.0%+$22.6K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $574.4K | 2,226 | +0.02pp | 8q | +4.9%+$26.6K | |
| SPDR SERIES TRUST | SPTS | $570.9K | 19,913 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHG | $549.2K | 15,285 | +0.01pp | 6q | HELD | |
| ABBOTT LABORATORIES | ABT | $544.0K | 5,504 | +0.01pp | 8q | +3.0%+$16.0K | |
| TIMOTHY PLAN | TPLC | $539.9K | 11,159 | -0.01pp | 7q | HELD | |
| VANGUARD ADMIRAL FDS INC | VOOG | $487.2K | 5,700 | flat | 6q | HELD | |
| CITIGROUP INC | C | $466.1K | 3,600 | +0.03pp | 4q | +68.4%+$189.3K | |
| SPROTT ASSET MANAGEMENT LP | PSLV | $462.5K | 23,875 | flat | 3q | HELD | |
| ALTRIA GROUP INC | MO | $460.2K | 6,834 | flat | 8q | +3.6%+$16.0K | |
| INVESCO QQQ TR | QQQ | $452.9K | 612 | flat | 8q | +1.3%+$5.9K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $448.9K | 1,924 | flat | 8q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $447.2K | 681 | -0.01pp | 8q | -3.3%-$15.1K | |
| SPDR SERIES TRUST | SPBO | $444.0K | 16,150 | - | new | NEW | |
| DOCUSIGN INC | DOCU | $439.9K | 6,551 | +0.03pp | 2q | +5.1%+$21.5K | |
| WHEATON PRECIOUS METALS CORP | WPM | $425.2K | 3,180 | +0.01pp | 4q | HELD | |
| ISHARES TR | LQD | $424.9K | 4,158 | -0.05pp | 5q | -34.3%-$222.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $404.2K | 444 | -0.01pp | 8q | -8.5%-$37.3K | |
| AFLAC INC | AFL | $394.8K | 3,532 | -0.01pp | 8q | -1.1%-$4.5K | |
| CAPITAL ONE FINL CORP | COF | $392.4K | 2,033 | +0.01pp | 7q | +29.3%+$89.0K | |
| SANDISK CORP | SNDK | $382.8K | 220 | +0.02pp | 2q | +71.9%+$160.1K | |
| DELL TECHNOLOGIES INC | DELL | $379.8K | 706 | +0.03pp | 2q | +45.0%+$117.8K | |
| LAM RESEARCH CORP | LRCX | $374.8K | 1,141 | -0.03pp | 3q | -3.1%-$11.8K | |
| SELECT SECTOR SPDR TR | XLP | $374.8K | 4,650 | -0.04pp | 8q | -30.2%-$162.0K | |
| ILLINOIS TOOL WKS INC | ITW | $372.8K | 1,449 | flat | 2q | +2.5%+$9.0K | |
| AMERICAN EXPRESS CO | AXP | $369.8K | 1,216 | -0.01pp | 8q | +1.9%+$7.0K | |
| MCKESSON CORP | MCK | $366.1K | 429 | +0.02pp | 5q | +15.0%+$47.8K | |
| GILEAD SCIENCES INC | GILD | $363.2K | 2,437 | +0.01pp | 4q | +3.9%+$13.6K | |
| WORKDAY INC | WDAY | $356.0K | 1,869 | +0.02pp | 2q | -2.7%-$9.9K | |
| NEWMONT CORP | NEM | $355.9K | 3,086 | +0.03pp | 2q | +31.8%+$85.9K | |
| VALERO ENERGY CORP | VLO | $354.7K | 915 | - | new | NEW | |
| HSBC HLDGS PLC | HSBC | $348.4K | 3,508 | flat | 3q | +3.5%+$11.9K | |
| TEXAS INSTRS INC | TXN | $347.9K | 1,242 | -0.01pp | 3q | -0.7%-$2.5K | |
| JOHNSON CONTROLS INTERNATION | JCI | $346.7K | 2,332 | flat | 6q | HELD | |
| FEDEX CORP | FDX | $336.7K | 1,181 | +0.01pp | 4q | +21.4%+$59.3K | |
| MARKEL GROUP INC | MKL | $330.5K | 193 | -0.01pp | 8q | HELD | |
| FASTENAL CO | FAST | $328.1K | 6,624 | flat | 2q | +2.4%+$7.8K | |
| SERVICENOW INC | NOW | $328.1K | 2,448 | - | new | NEW | |
| TWILIO INC | TWLO | $327.0K | 1,118 | -0.04pp | 2q | -53.8%-$381.1K | |
| INTUIT | INTU | $325.6K | 1,181 | flat | 2q | +2.5%+$8.0K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $324.0K | 1,732 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VGSH | $322.2K | 5,598 | -0.01pp | 8q | -9.3%-$33.0K | |
| FIRST NATL CORP | FXNC | $321.8K | 10,954 | flat | 8q | HELD | |
| GE VERNOVA INC | GEV | $319.4K | 336 | -0.02pp | 3q | -5.4%-$18.1K | |
| GOLDMAN SACHS GROUP INC | GS | $316.0K | 351 | +0.01pp | 4q | +35.5%+$82.8K | |
| FERGUSON ENTERPRISES INC | FERG | $303.4K | 1,363 | flat | 8q | +1.6%+$4.9K | |
| ACCENTURE PLC IRELAND | ACN | $303.1K | 1,653 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $302.6K | 1,482 | - | new | NEW | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $299.8K | 325 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHQ | $295.0K | 10,364 | +0.02pp | 2q | +53.0%+$102.2K | |
| UNITEDHEALTH GROUP INC | UNH | $293.7K | 800 | - | new | NEW | |
| PHILLIPS 66 | PSX | $293.6K | 1,150 | - | new | NEW | |
| WELLS FARGO & CO | WFC | $287.5K | 3,591 | flat | 2q | +6.4%+$17.2K | |
| NETFLIX INC. | NFLX | $283.6K | 4,076 | -0.01pp | 8q | -15.0%-$50.2K | |
| RTX CORPORATION | RTX | $282.7K | 1,523 | flat | 5q | +13.3%+$33.2K | |
| TRUIST FINL CORP | TFC | $277.0K | 5,983 | -0.01pp | 8q | HELD | |
| ISHARES TR | IEF | $275.3K | 3,083 | -0.01pp | 5q | -15.0%-$48.5K | |
| VANGUARD MUN BD FDS | VTEB | $271.7K | 5,737 | -0.01pp | 8q | -7.3%-$21.5K | |
| DUKE ENERGY CORP NEW | DUK | $269.3K | 2,362 | -0.01pp | 8q | -5.0%-$14.1K | |
| EMERSON ELEC CO | EMR | $263.1K | 1,696 | flat | 2q | +0.7%+$1.7K | |
| NORTHROP GRUMMAN CORP | NOC | $258.2K | 534 | flat | 8q | -1.3%-$3.4K | |
| PENUMBRA INC | PEN | $251.8K | 791 | flat | 2q | HELD | |
| DROPBOX INC | DBX | $251.6K | 7,432 | - | new | NEW | |
| CROWDSTRIKE HLDGS INC | CRWD | $240.1K | 907 | - | new | NEW | |
| BHP BILLITON LIMITED | BHP | $235.6K | 2,777 | flat | 2q | +2.1%+$4.8K | |
| WALMART INC | WMT | $234.0K | 2,252 | -0.01pp | 4q | -11.6%-$30.7K | |
| CSX CORP | CSX | $229.9K | 4,944 | flat | 2q | +3.5%+$7.8K | |
| ISHARES TR | DVY | $227.6K | 1,497 | flat | 5q | HELD | |
| AT&T INC | T | $226.2K | 9,270 | - | new | NEW | |
| MARVELL TECHNOLOGY INC | MRVL | $225.9K | 855 | -0.01pp | 2q | +1.1%+$2.4K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $223.4K | 1,016 | flat | 2q | +21.1%+$38.9K | |
| CANADIAN PACIFIC KANSAS CITY | CP | $219.9K | 2,584 | flat | 3q | HELD | |
| ISHARES TR | SHYG | $218.9K | 5,307 | flat | 4q | +7.0%+$14.3K | |
| VANGUARD INTL EQUITY INDEX F | VT | $218.3K | 1,383 | flat | 2q | HELD | |
| CONOCOPHILLIPS | COP | $215.6K | 1,723 | - | new | NEW | |
| MASTERCARD INCORPORATED | MA | $212.3K | 385 | -0.01pp | 5q | -23.8%-$66.2K | |
| ANGLOGOLD ASHANTI PLC | AU | $209.0K | 2,225 | - | new | NEW | |
| ORACLE CORP | ORCL | $203.3K | 1,481 | -0.01pp | 8q | -14.0%-$33.2K | |
| ISHARES TR | IMCV | $201.5K | 2,196 | flat | 2q | HELD | |
| CENCORA INC | COR | $201.2K | 670 | - | new | NEW | |
| SYSCO CORP | SYY | $200.5K | 2,572 | flat | 2q | HELD | |
| BANCO SANTANDER S.A. | SAN | $163.2K | 11,803 | flat | 4q | -0.7%-$1.1K | |
| WESTERN UN CO | WU | $80.9K | 13,705 | - | new | NEW | |
| FLOWERS FOODS INC | FLO | $73.4K | 13,228 | - | new | NEW | |
| ADT INC DEL | ADT | $71.1K | 11,691 | - | 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 |
|---|---|---|
| Biotech & Pharma | $22.3M | 4.4% |
| Software & IT Services | $20.6M | 4.1% |
| Semiconductors & Electronics | $16.8M | 3.3% |
| Computer Hardware | $14.7M | 2.9% |
| Other sectors | $38.9M | 7.7% |
| Not classified | $393.8M | 77.7% |
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% | -1.8% | 100% |
| Q2 2026 | +11.8% | +14.8% | -3.0% | 100% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2025 | +2.8% | +2.4% | +0.5% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.8% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.7% | 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 | $507.1M | 191 | 19 | 71 | 64 | 12 | 39.5% | 16 |
| Q2 2026 | $500.9M | 184 | 33 | 68 | 63 | 11 | 39.2% | 22 |
| Q1 2026 | $439.9M | 162 | 18 | 63 | 52 | 7 | 39.6% | 15 |
| Q4 2025 | $444.6M | 151 | 19 | 66 | 44 | 6 | 40.7% | 12 |
| Q3 2025 | $425.5M | 138 | 12 | 43 | 66 | 3 | 40.6% | 17 |
| Q2 2025 | $398.5M | 129 | 13 | 58 | 41 | 6 | 42.6% | 28 |
| Q1 2025 | $358.9M | 122 | 7 | 61 | 23 | 1 | 41.7% | 16 |
| Q4 2024 | $345.4M | 116 | 0 | 0 | 0 | 0 | 41.3% | 14 |
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.