DaveManuel.com · Institutional Ownership · 13F Holdings

Heck Capital Advisors, LLC

Reported holdings as of Q3 2026, from 40 quarterly filings.

CIK

2046227

Reported value

$1.8B

Positions

239

Top 10 weight

48.3%

Filed

2026-10-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IVV	$265.7M	346,875	14.57%	-1.63pp	40q	-4.2%-$11.7M
VANGUARD INDEX FDS	VTI	$134.8M	360,134	7.39%	-0.33pp	40q	+3.1%+$4.1M
ISHARES INC	IEMG	$86.7M	1,067,803	4.75%	+0.25pp	38q	+17.2%+$12.7M
ISHARES TR	IUSB	$73.2M	1,659,822	4.01%	+3.72pp	10q	+1478.7%+$68.5M
BLACKROCK ETF TRUST II	BINC	$73.0M	1,436,481	4.00%	-	new	NEW
FIDELITY COMWLTH TR	ONEQ	$65.7M	621,133	3.61%	-0.08pp	10q	+4.0%+$2.6M
STATE STR SPDR DOW JONES IND	DIA	$58.5M	114,977	3.21%	-0.22pp	40q	+4.9%+$2.7M
ISHARES INC	EMXC	$42.5M	429,104	2.33%	+0.43pp	18q	+37.7%+$11.6M
ISHARES TR	IEFA	$41.3M	426,238	2.26%	-0.07pp	40q	+5.3%+$2.1M
EA SERIES TRUST	FRDM	$40.0M	572,440	2.20%	-0.23pp	12q	+3.0%+$1.2M
ISHARES TR	IWL	$38.8M	204,169	2.13%	-0.13pp	8q	HELD
ISHARES TR	GOVT	$34.6M	1,583,779	1.90%	-0.47pp	16q	-9.0%-$3.4M
ISHARES TR	IWV	$34.5M	79,995	1.89%	-1.27pp	9q	-35.6%-$19.1M
ISHARES TR	QUAL	$31.1M	139,917	1.71%	-0.11pp	37q	+1.1%+$330.7K
ISHARES GOLD TRUST MICRO	IAUM	$26.7M	644,677	1.46%	+0.07pp	5q	+10.3%+$2.5M
NVIDIA CORPORATION	NVDA	$24.7M	107,994	1.35%	+0.07pp	17q	+0.7%+$178.5K
APPLE INC	AAPL	$24.6M	73,818	1.35%	+0.20pp	40q	+11.4%+$2.5M
INVESCO EXCHANGE TRADED FD T	RSP	$24.2M	116,413	1.33%	+0.01pp	34q	+12.5%+$2.7M
ISHARES TR	ITOT	$22.0M	132,191	1.21%	-0.14pp	40q	-3.7%-$835.1K
MICROSOFT CORP	MSFT	$20.2M	39,477	1.11%	+0.31pp	28q	+10.3%+$1.9M
COLUMBIA ETF TR I	RECS	$20.1M	444,908	1.10%	-0.03pp	6q	+2.0%+$392.7K
PACER FDS TR	COWG	$19.3M	483,627	1.06%	-0.08pp	6q	+1.9%+$355.4K
WISDOMTREE TR	DGRW	$19.0M	195,417	1.04%	-0.05pp	14q	+2.2%+$413.6K
FIRST TR EXCHANGE-TRADED FD	LMBS	$18.7M	384,997	1.02%	-0.64pp	20q	-31.2%-$8.5M
FIRST TR EXCHANGE-TRADED FD	FTCS	$18.0M	191,403	0.99%	-0.07pp	14q	+2.1%+$367.5K
ISHARES TR	IJR	$17.9M	131,449	0.98%	-0.15pp	40q	+3.2%+$559.1K
ALPHABET INC	GOOGL	$16.6M	48,240	0.91%	+0.17pp	40q	+39.0%+$4.7M
ISHARES TR	IVLU	$14.0M	326,698	0.77%	flat	19q	+5.6%+$738.7K
ISHARES TR	IWR	$13.9M	129,870	0.76%	-0.08pp	15q	+2.1%+$286.5K
MICRON TECHNOLOGY INC	MU	$13.7M	12,840	0.75%	-0.13pp	2q	HELD
ISHARES TR	INTF	$13.6M	327,469	0.75%	-0.05pp	38q	HELD
GOLDMAN SACHS ETF TR	GSSC	$13.4M	156,395	0.74%	-0.10pp	24q	+2.2%+$286.8K
ISHARES TR	IGEB	$13.1M	305,464	0.72%	-0.01pp	2q	+13.4%+$1.5M
INVESCO EXCH TRADED FD TR II	IDHQ	$12.9M	298,921	0.71%	-0.07pp	26q	HELD
AMAZON COM INC	AMZN	$12.8M	51,431	0.70%	flat	35q	+3.9%+$478.1K
ISHARES U S ETF TR	CMDY	$12.8M	201,338	0.70%	-0.64pp	2q	-50.5%-$13.1M
ISHARES TR	IWP	$12.6M	91,861	0.69%	-0.10pp	18q	+1.3%+$166.2K
PIMCO ETF TR	LTPZ	$12.5M	276,957	0.68%	-	new	NEW
ALPHABET INC	GOOG	$12.3M	36,229	0.68%	+0.21pp	3q	+63.0%+$4.8M
ROUNDHILL ETF TRUST	DRAM	$12.1M	200,996	0.67%	-0.22pp	2q	HELD
J P MORGAN EXCHANGE TRADED F	BBAG	$11.2M	255,804	0.61%	-0.03pp	16q	+8.1%+$839.9K
ADVANCED MICRO DEVICES INC	AMD	$11.1M	18,199	0.61%	-0.02pp	2q	+0.8%+$86.3K
BONDBLOXX ETF TRUST	XTEN	$11.1M	262,543	0.61%	-0.04pp	12q	+9.4%+$956.0K
ISHARES TR	IWF	$11.1M	88,487	0.61%	flat	14q	+7.6%+$778.6K
ISHARES TR	MBB	$10.1M	112,316	0.55%	-0.43pp	6q	-35.7%-$5.6M
BLACKROCK ETF TRUST	DYNF	$8.4M	120,663	0.46%	-0.07pp	6q	-7.6%-$685.2K
ISHARES TR	QLTA	$8.2M	181,339	0.45%	-0.02pp	16q	+9.3%+$693.2K
INNOVATOR ETFS TRUST	PMAY	$7.7M	181,661	0.42%	-0.02pp	14q	+2.0%+$150.0K
ISHARES TR	IGSB	$7.5M	145,918	0.41%	-0.17pp	11q	-21.8%-$2.1M
TESLA INC	TSLA	$7.4M	20,950	0.41%	-0.11pp	4q	+1.9%+$137.0K
INVESCO EXCH TRADED FD TR II	IDLV	$7.4M	217,253	0.41%	-0.03pp	16q	+2.2%+$161.9K
PACER FDS TR	ECOW	$7.4M	281,941	0.41%	-0.03pp	12q	+2.5%+$177.1K
SPACE EXPLORATION TECHN CORP	SPCX	$7.1M	47,129	0.39%	+0.16pp	2q	+113.7%+$3.8M
ISHARES TR	IWD	$6.8M	27,538	0.37%	flat	12q	+7.5%+$473.8K
DIMENSIONAL ETF TRUST	DFUS	$6.8M	81,820	0.37%	-0.01pp	6q	+6.0%+$382.9K
ISHARES TR	MUB	$6.7M	66,367	0.37%	-	new	NEW
INTEL CORP	INTC	$6.7M	55,714	0.37%	-	new	NEW
FIDELITY COVINGTON TRUST	FREL	$6.3M	232,425	0.35%	-0.06pp	12q	+1.3%+$79.4K
ISHARES TR	IEF	$6.2M	69,735	0.34%	-0.02pp	18q	+7.5%+$435.7K
SIMPLIFY EXCHANGE TRADED FUN	TUA	$6.0M	316,709	0.33%	-0.21pp	8q	-29.2%-$2.5M
FIDELITY COVINGTON TRUST	FTEC	$5.6M	18,563	0.31%	-0.08pp	40q	-17.7%-$1.2M
PACER BLUESTAR ENG FUTURE	BULD	$5.3M	145,380	0.29%	-	new	NEW
FIRST TR EXCHANGE-TRADED FD	LGOV	$5.2M	265,598	0.29%	-0.04pp	2q	+4.1%+$203.1K
ISHARES TR	EWJV	$5.2M	106,870	0.28%	-	new	NEW
VANECK FDS	NODE	$5.1M	129,234	0.28%	-0.06pp	5q	HELD
WISDOMTREE TR	WQTM	$4.7M	146,723	0.26%	-0.07pp	2q	HELD
SIMPLIFY EXCHANGE TRADED FUN	TYA	$4.6M	423,305	0.25%	-0.04pp	7q	+10.2%+$428.8K
ISHARES TR	SGOV	$3.6M	35,913	0.20%	-0.02pp	13q	HELD
VISA INC	V	$3.6M	10,047	0.20%	+0.16pp	23q	+428.5%+$2.9M
ISHARES GOLD TR	IAU	$3.6M	45,674	0.20%	-0.01pp	6q	-1.5%-$55.7K
PROCTER & GAMBLE CO	PG	$3.5M	24,151	0.19%	-0.02pp	34q	+0.8%+$29.5K
ISHARES TR	TFLO	$3.2M	62,253	0.17%	+0.01pp	17q	+17.5%+$469.2K
COSTCO WHOLESALE CORPORATION	COST	$3.1M	3,438	0.17%	+0.15pp	13q	+899.4%+$2.8M
ISHARES TR	DVY	$3.0M	20,000	0.17%	-	new	NEW
VANGUARD INSTL INDEX FD	VBIL	$3.0M	39,700	0.16%	-0.01pp	5q	HELD
ISHARES TR	IWS	$2.9M	18,227	0.16%	-0.01pp	8q	+5.9%+$162.5K
ISHARES TR	IVE	$2.9M	12,739	0.16%	-0.01pp	26q	HELD
STATE STR SPDR S&P 500 ETF T	SPY	$2.8M	3,718	0.16%	+0.08pp	3q	+130.4%+$1.6M
ISHARES TR	STIP	$2.8M	28,422	0.16%	-0.01pp	35q	+3.2%+$87.3K
FIDELITY COVINGTON TRUST	FHLC	$2.8M	34,654	0.16%	+0.02pp	40q	+14.1%+$350.2K
ISHARES TR	IJJ	$2.8M	19,987	0.15%	-0.01pp	40q	+10.6%+$263.9K
RBB FD INC	OBIL	$2.5M	49,876	0.14%	+0.02pp	8q	+27.0%+$528.1K
PROSHARES TR	NOBL	$2.4M	45,024	0.13%	-0.02pp	36q	-0.9%-$21.2K
PNC FINL SVCS GROUP INC	PNC	$2.4M	10,900	0.13%	-	new	NEW
CHARLES SCHWAB CORP (THE)	SCHW	$2.3M	24,020	0.13%	-	new	NEW
GOLDMAN SACHS ETF TR	GSST	$2.2M	42,936	0.12%	+0.02pp	15q	+26.9%+$458.8K
CONOCOPHILLIPS	COP	$2.2M	17,196	0.12%	+0.01pp	34q	+1.2%+$25.9K
FIRST TR EXCH TRADED FD III	FMB	$2.1M	44,627	0.12%	-0.01pp	16q	+3.8%+$78.7K
ISHARES TR	IGRO	$2.0M	22,584	0.11%	-0.01pp	18q	+2.6%+$50.5K
VANGUARD MUN BD FDS	VTEB	$2.0M	42,100	0.11%	-	new	NEW
ISHARES TR	IWM	$2.0M	7,170	0.11%	-0.15pp	9q	-49.4%-$1.9M
TIDAL TRUST III	RMOP	$1.9M	80,227	0.10%	-	new	NEW
RBB FD INC	RBIL	$1.8M	36,916	0.10%	+0.01pp	6q	+27.1%+$393.3K
VANGUARD INDEX FDS	VO	$1.8M	23,383	0.10%	-0.01pp	3q	+5.5%+$95.9K
BROADCOM INC	AVGO	$1.8M	5,139	0.10%	-0.44pp	12q	-78.6%-$6.6M
ASML HLDG NV	ASML	$1.8M	972	0.10%	-0.02pp	13q	+2.6%+$45.3K
ISHARES TR	ICSH	$1.8M	34,775	0.10%	+0.02pp	15q	+30.3%+$407.5K
AMERICAN EXPRESS CO	AXP	$1.7M	5,753	0.10%	-	new	NEW
INVESCO QQQ TR	QQQ	$1.7M	2,315	0.09%	-0.01pp	6q	+2.9%+$48.1K
RTX CORPORATION	RTX	$1.7M	9,185	0.09%	-0.04pp	16q	-20.1%-$428.3K
MASTERCARD INCORPORATED	MA	$1.7M	3,063	0.09%	+0.07pp	34q	+255.7%+$1.2M
CATERPILLAR INC	CAT	$1.7M	2,066	0.09%	-0.04pp	34q	+2.0%+$33.2K
PHILLIPS 66	PSX	$1.6M	6,172	0.09%	+0.02pp	34q	+0.5%+$7.9K
NEOS ETF TRUST	CSHI	$1.5M	30,978	0.08%	+0.01pp	13q	+25.3%+$310.7K
NUSHARES ETF TR	NULG	$1.5M	13,522	0.08%	-0.01pp	27q	HELD
TJX COS INC NEW	TJX	$1.5M	11,442	0.08%	-	new	NEW
BERKSHIRE HATHAWAY INC DEL	BRKB	$1.5M	3,033	0.08%	-0.01pp	16q	-3.4%-$52.8K
FIDELITY COVINGTON TRUST	FSTA	$1.5M	29,660	0.08%	flat	16q	+12.1%+$162.7K
FIDELITY COVINGTON TRUST	FNCL	$1.5M	19,502	0.08%	-0.01pp	3q	+1.4%+$19.9K
HOME DEPOT INC	HD	$1.4M	5,076	0.08%	-	new	NEW
ISHARES TR	IJH	$1.4M	19,807	0.08%	-0.01pp	40q	+9.0%+$117.2K
WALMART INC	WMT	$1.4M	13,671	0.08%	-0.01pp	34q	+8.3%+$108.8K
VANGUARD TAX-MANAGED FDS	VEA	$1.4M	20,081	0.08%	flat	26q	+3.8%+$52.0K
FASTENAL CO	FAST	$1.4M	28,442	0.08%	-	new	NEW
VANGUARD INDEX FDS	VB	$1.3M	4,680	0.07%	+0.01pp	24q	+27.0%+$282.8K
JPMORGAN CHASE & CO	JPM	$1.3M	4,007	0.07%	flat	40q	+6.0%+$75.1K
ISHARES TR	ACWX	$1.3M	17,112	0.07%	-0.02pp	38q	-12.6%-$187.0K
PRICE T ROWE GROUP INC	TROW	$1.2M	11,920	0.07%	-	new	NEW
FIDELITY COVINGTON TRUST	FENY	$1.2M	35,958	0.07%	+0.05pp	20q	+239.6%+$860.1K
VANECK ETF TRUST	MOAT	$1.2M	11,189	0.06%	flat	25q	HELD
AB ACTIVE ETFS INC	TAFL	$1.2M	49,621	0.06%	-0.15pp	5q	-64.1%-$2.1M
META PLATFORMS INC	META	$1.1M	1,554	0.06%	+0.02pp	11q	+21.2%+$197.2K
FIDELITY COVINGTON TRUST	FCOM	$1.1M	14,957	0.06%	-0.03pp	3q	-28.6%-$432.2K
ACCENTURE PLC IRELAND	ACN	$1.1M	5,809	0.06%	-	new	NEW
NEOS ETF TRUST	SPYI	$1.0M	19,695	0.06%	-0.01pp	12q	-1.6%-$17.0K
DIMENSIONAL ETF TRUST	DFAE	$1.0M	26,365	0.06%	+0.01pp	2q	+37.0%+$279.9K
FIDELITY COVINGTON TRUST	FIDU	$1.0M	11,387	0.06%	-0.01pp	40q	+1.5%+$15.1K
ISHARES TR	IWO	$907.1K	2,542	0.05%	-0.08pp	14q	-54.1%-$1.1M
INNOVATOR ETFS TRUST	ZFEB	$907.0K	34,390	0.05%	-0.02pp	3q	-23.1%-$271.9K
ISHARES TR	IDEV	$900.8K	10,067	0.05%	-0.01pp	16q	-11.7%-$118.8K
JOHNSON & JOHNSON	JNJ	$812.5K	3,069	0.04%	flat	40q	+7.4%+$56.1K
FIDELITY COVINGTON TRUST	FDIS	$803.1K	8,480	0.04%	-0.03pp	12q	-28.9%-$326.9K
STATE STR SPDR S&P MIDCAP 40	MDY	$790.0K	1,200	0.04%	-	new	NEW
ISHARES TR	IWN	$788.6K	3,765	0.04%	-0.05pp	9q	-45.2%-$651.4K
ISHARES TR	IJK	$777.5K	7,093	0.04%	-0.05pp	40q	-44.7%-$629.4K
ISHARES TR	IWB	$774.0K	1,860	0.04%	flat	6q	HELD
SK HYNIX INC	SKHY	$754.3K	4,096	0.04%	-	new	NEW
T MOBILE US INC	TMUS	$742.5K	4,553	0.04%	flat	29q	+5.0%+$35.1K
ISHARES TR	EEM	$734.7K	11,000	0.04%	-	new	NEW
INNOVATOR ETFS TRUST	ZSEP	$711.9K	25,570	0.04%	-	new	NEW
THERMO FISHER SCIENTIFIC INC	TMO	$709.1K	1,050	0.04%	-	new	NEW
ISHARES TR	USMV	$683.9K	7,019	0.04%	flat	30q	HELD
ISHARES TR	EFAV	$667.1K	7,321	0.04%	flat	40q	HELD
DEERE CO	DE	$660.7K	983	0.04%	flat	40q	+1.1%+$7.4K
L3HARRIS TECHNOLOGIES INC	LHX	$643.9K	2,720	0.04%	-0.01pp	12q	+3.8%+$23.4K
SIMPLIFY EXCHANGE TRADED FUN	HEQT	$639.2K	18,625	0.04%	+0.01pp	3q	+51.4%+$217.1K
J P MORGAN EXCHANGE TRADED F	JPST	$620.7K	12,323	0.03%	flat	5q	+26.4%+$129.8K
PACER FDS TR	COWZ	$596.8K	8,939	0.03%	flat	19q	HELD
ISHARES TR	USRT	$596.1K	9,680	0.03%	-0.01pp	6q	+0.5%+$3.0K
VANGUARD SPECIALIZED FUNDS	VIG	$594.0K	2,546	0.03%	flat	24q	HELD
MARATHON PETE CORP	MPC	$578.3K	1,462	0.03%	flat	18q	-29.3%-$239.3K
ISHARES INC	EMGF	$566.8K	7,923	0.03%	-0.01pp	38q	-9.1%-$56.5K
INVESCO EXCH TRADED FD TR II	RSPE	$563.2K	16,840	0.03%	flat	13q	HELD
CORNING INC	GLW	$560.9K	3,648	0.03%	-	new	NEW
ISHARES TR	EFV	$560.8K	7,086	0.03%	-	new	NEW
ISHARES TR	ITDI	$555.6K	13,093	0.03%	flat	11q	+10.7%+$53.5K
FIDELITY COVINGTON TRUST	FUTY	$552.4K	10,820	0.03%	+0.01pp	18q	+94.6%+$268.6K
NOVARTIS AG	NVS	$547.3K	3,839	0.03%	flat	40q	+12.4%+$60.4K
PALO ALTO NETWORKS INC	PANW	$499.4K	1,257	0.03%	-0.01pp	7q	-38.7%-$315.1K
DIMENSIONAL ETF TRUST	DFSE	$499.1K	10,323	0.03%	flat	7q	HELD
DIMENSIONAL ETF TRUST	DFSU	$495.9K	10,513	0.03%	flat	7q	HELD
CISCO SYS INC	CSCO	$491.7K	4,568	0.03%	-0.01pp	2q	-1.7%-$8.7K
ISHARES TR	DSI	$491.6K	3,363	0.03%	flat	37q	HELD
BLACKROCK ETF TRUST	BLCR	$486.2K	9,931	0.03%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VTWO	$484.9K	4,320	0.03%	-0.01pp	4q	-12.0%-$65.9K
ABBOTT LABORATORIES	ABT	$473.1K	4,787	0.03%	flat	27q	+2.0%+$9.1K
ISHARES TR	EFA	$464.4K	4,470	0.03%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JEPI	$454.4K	8,082	0.02%	-	new	NEW
UNITEDHEALTH GROUP INC	UNH	$451.9K	1,231	0.02%	-0.01pp	39q	-1.1%-$5.1K
BLACKROCK INC	BLK	$451.3K	426	0.02%	flat	8q	+1.2%+$5.3K
APPLIED MATLS INC	AMAT	$447.8K	876	0.02%	-	new	NEW
VALERO ENERGY CORP	VLO	$426.4K	1,100	0.02%	+0.01pp	2q	HELD
NUSHARES ETF TR	NUEM	$416.1K	9,769	0.02%	flat	16q	HELD
NETFLIX INC.	NFLX	$413.5K	5,943	0.02%	flat	12q	+11.5%+$42.8K
ISHARES INC	EEMV	$412.7K	5,573	0.02%	flat	6q	HELD
ISHARES TR	SHY	$408.9K	5,036	0.02%	-0.54pp	18q	-95.6%-$8.9M
VULCAN MATLS CO	VMC	$384.8K	1,573	0.02%	-0.01pp	27q	+1.0%+$3.7K
ISHARES TR	IWY	$379.0K	1,285	0.02%	flat	7q	HELD
UNION PAC CORP	UNP	$378.9K	1,392	0.02%	-0.02pp	40q	-40.5%-$258.3K
SIMPLIFY EXCHANGE TRADED FUN	CDX	$372.9K	18,485	0.02%	flat	6q	+3.3%+$11.8K
ONEOK INC NEW	OKE	$369.3K	4,331	0.02%	-	new	NEW
VANGUARD WORLD FD	VGT	$356.5K	2,837	0.02%	-	new	NEW
VISTRA CORP	VST	$356.1K	2,574	0.02%	-0.01pp	2q	-1.3%-$4.8K
ISHARES TR	TLT	$352.7K	4,535	0.02%	-0.42pp	13q	-94.7%-$6.3M
SCHWAB STRATEGIC TR	SCHD	$350.8K	10,783	0.02%	flat	4q	+0.8%+$2.9K
COCA COLA CO	KO	$346.7K	4,017	0.02%	flat	12q	+4.1%+$13.8K
ALIGHT INC	ALIT	$345.5K	38,732	0.02%	-	new	NEW
ABRDN ETFS	BCI	$336.3K	13,000	0.02%	-	new	NEW
BLACKROCK ETF TRUST	CORO	$334.9K	9,214	0.02%	-	new	NEW
VANECK ETF TRUST	FLTR	$332.1K	12,979	0.02%	flat	37q	HELD
NICOLET BANKSHARES INC	NIC	$326.0K	2,000	0.02%	flat	6q	HELD
ISHARES TR	IWX	$318.0K	2,903	0.02%	flat	7q	HELD
AMERICAN WTR WKS CO INC NEW	AWK	$316.1K	2,441	0.02%	flat	40q	+1.7%+$5.3K
SCHWAB STRATEGIC TR	SCHF	$314.0K	11,429	0.02%	flat	6q	HELD
ISHARES TR	XJR	$311.1K	6,444	0.02%	flat	16q	HELD
APPLIED DIGITAL CORP	APLD	$310.6K	12,745	0.02%	flat	3q	+62.5%+$119.4K
DIMENSIONAL ETF TRUST	DFAI	$308.7K	7,451	0.02%	flat	2q	-2.1%-$6.5K
VANGUARD WORLD FD	MGK	$308.5K	3,330	0.02%	-	new	NEW
SELECT SECTOR SPDR TR	XLE	$300.5K	4,886	0.02%	-	new	NEW
FIDELITY COVINGTON TRUST	FMAT	$288.6K	5,177	0.02%	flat	40q	+1.4%+$3.8K
AON PLC	AON	$285.4K	1,031	0.02%	-	new	NEW
ISHARES TR	IJS	$283.6K	2,214	0.02%	-	new	NEW
APPLOVIN CORP	APP	$283.2K	975	0.02%	-0.02pp	5q	-2.1%-$6.1K
ARK ETF TR	ARKG	$283.2K	5,223	0.02%	-	new	NEW
SPDR SERIES TRUST	SPSM	$281.2K	5,320	0.02%	-	new	NEW
PEPSICO INC	PEP	$278.0K	2,194	0.02%	flat	40q	+4.4%+$11.7K
ASE TECHNOLOGY HLDG CO LTD	ASX	$274.5K	6,174	0.02%	-0.01pp	2q	-24.6%-$89.6K
UNITED MICROELECTRONICS CORP	UMC	$265.1K	10,824	0.01%	-0.01pp	2q	-26.2%-$93.9K
JANUS DETROIT STR TR	JAAA	$263.4K	5,217	0.01%	flat	20q	-1.3%-$3.4K
ROUNDHILL ETF TRUST	MEME	$261.7K	30,715	0.01%	-0.41pp	4q	-95.8%-$6.0M
ISHARES TR	ACWI	$261.0K	1,644	0.01%	flat	3q	+12.4%+$28.9K
ISHARES TR	IEI	$260.0K	2,292	0.01%	-0.18pp	18q	-91.7%-$2.9M
KLA CORP	KLAC	$259.1K	1,329	0.01%	-	new	NEW
ISHARES TR	SCZ	$249.9K	2,960	0.01%	flat	3q	HELD
VANGUARD INDEX FDS	VNQ	$249.0K	2,778	0.01%	flat	15q	HELD
ISHARES TR	IGF	$246.2K	4,000	0.01%	-	new	NEW
INTERNATIONAL BUSINESS MACHS	IBM	$245.9K	1,118	0.01%	flat	2q	+12.6%+$27.5K
INNOVATOR ETFS TRUST	NSEP	$244.1K	7,550	0.01%	-	new	NEW
INNOVATOR ETFS TRUST	NFEB	$243.3K	7,790	0.01%	-0.01pp	3q	-35.4%-$133.1K
ALTRIA GROUP INC	MO	$240.9K	3,540	0.01%	flat	2q	+27.9%+$52.6K
INNOVATOR ETFS TRUST	KFEB	$236.8K	7,750	0.01%	-0.01pp	3q	-25.1%-$79.4K
INNOVATOR ETFS TRUST	KSEP	$236.0K	7,720	0.01%	-	new	NEW
BOEING CO	BA	$231.3K	1,243	0.01%	flat	7q	+8.7%+$18.6K
ETFS GOLD TR	SGOL	$229.3K	5,797	0.01%	-	new	NEW
DIMENSIONAL ETF TRUST	DFSI	$228.1K	5,050	0.01%	flat	4q	HELD
ISHARES TR	IAT	$223.2K	3,900	0.01%	-	new	NEW
AMKOR TECHNOLOGY INC	AMKR	$220.1K	4,202	0.01%	flat	2q	+49.9%+$73.3K
LAM RESEARCH CORP	LRCX	$213.6K	650	0.01%	-	new	NEW
EOS ENERGY ENTERPRISES INC	EOSE	$211.8K	69,115	0.01%	flat	3q	+49.3%+$69.9K
VANGUARD WORLD FD	MGV	$210.2K	1,305	0.01%	-	new	NEW
SPDR GOLD TR	GLD	$209.1K	549	0.01%	flat	3q	-18.1%-$46.1K
SPDR INDEX SHS FDS	SPDW	$200.8K	4,000	0.01%	-	new	NEW
B2GOLD CORP	BTG	$159.1K	30,487	0.01%	flat	2q	-22.7%-$46.6K
URANIUM ENERGY CORP	UEC	$156.2K	16,533	0.01%	flat	2q	+13.8%+$19.0K
ENERGY FUELS INC	UUUU	$152.3K	13,811	0.01%	flat	3q	+27.5%+$32.9K
NUSCALE PWR CORP	SMR	$150.1K	19,000	0.01%	flat	3q	+16.0%+$20.7K
ONDAS INC	ONDS	$107.8K	14,707	0.01%	flat	2q	+34.8%+$27.8K
DENISON MINES CORP	DNN	$99.9K	38,555	0.01%	flat	4q	-2.4%-$2.4K
HIVE DIGITAL TECHNOLOGIES LT	HIVE	$82.0K	27,782	0.00%	flat	2q	+51.6%+$27.9K

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
Funds & ETFs	$62.2M	3.4%
Semiconductors & Electronics	$60.3M	3.3%
Software & IT Services	$58.0M	3.2%
Capital Markets	$34.7M	1.9%
Other sectors	$92.9M	5.1%
Not classified	$1.5B	83.1%

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	-0.1%	+2.1%	-2.2%	100%
Q2 2026	+9.5%	+14.8%	-5.3%	100%
Q1 2026	-1.8%	-4.6%	+2.8%	100%
Q4 2025	+1.2%	+2.4%	-1.2%	100%
Q3 2025	+6.4%	+7.8%	-1.4%	100%
Q2 2025	+8.2%	+10.5%	-2.3%	100%
Q1 2025	-2.4%	-4.6%	+2.2%	100%
Q4 2024	-1.5%	+2.1%	-3.7%	99%

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	$1.8B	239	48	109	49	23	48.3%	14
Q2 2026	$1.7B	214	30	75	71	18	48.1%	10
Q1 2026	$1.3B	202	24	59	84	33	52.3%	16
Q4 2025	$1.3B	211	27	73	78	12	50.8%	16
Q3 2025	$1.3B	196	23	91	47	4	49.9%	24
Q2 2025	$1.2B	177	24	107	25	79	51.8%	23
Q1 2025	$889.2M	232	26	77	47	32	47.1%	43
Q4 2024	$871.6M	238	50	41	60	11	49.3%	133
Q3 2024	$867.4M	199	11	50	88	10	49.5%	231
Q2 2024	$804.3M	198	12	60	43	11	47.2%	323
Q1 2024	$655.7M	197	13	82	37	8	43.4%	414
Q4 2023	$612.5M	192	27	40	93	16	43.9%	505
Q3 2023	$539.4M	181	33	54	62	13	42.2%	597
Q2 2023	$580.3M	161	17	35	84	4	41.5%	689
Q1 2023	$521.0M	148	20	85	28	9	44.3%	780
Q4 2022	$516.1M	137	15	0	122	13	42.2%	870
Q3 2022	$485.7B	135	9	66	43	10	42.8%	963
Q2 2022	$496.6B	136	30	15	78	25	43.9%	1,054
Q1 2022	$553.2B	131	21	33	61	5	49.6%	1,145
Q4 2021	$550.7B	115	8	41	56	8	54.9%	1,235
Q3 2021	$501.1B	115	7	51	44	5	54.8%	1,327
Q2 2021	$504.0B	113	6	71	22	7	55.8%	1,419
Q1 2021	$453.3B	114	15	45	44	3	57.7%	1,510
Q4 2020	$410.6B	102	14	29	27	11	58.6%	1,600
Q3 2020	$358.3B	99	4	50	34	10	61.3%	1,692
Q2 2020	$473.6B	105	16	56	25	14	68.3%	1,784
Q1 2020	$347.5B	103	9	28	55	6	69.9%	1,875
Q4 2019	$416.5B	100	3	71	8	4	64.6%	1,966
Q3 2019	$325.2B	101	6	47	30	5	58.0%	2,058
Q2 2019	$372.7B	100	7	72	12	2	62.6%	2,150
Q1 2019	$334.1B	95	5	68	12	6	65.1%	2,241
Q4 2018	$271.6B	96	5	25	47	6	63.2%	2,331
Q3 2018	$302.9B	97	2	25	45	3	65.2%	2,423
Q2 2018	$274.7B	98	16	56	10	4	65.4%	2,515
Q1 2018	$226.2B	86	3	37	13	2	67.5%	2,606
Q4 2017	$205.8B	85	3	67	4	2	68.7%	2,696
Q3 2017	$187.3B	84	8	61	12	4	69.7%	2,788
Q2 2017	$172.2B	80	9	24	43	3	72.9%	2,880
Q1 2017	$162.4B	74	4	31	33	4	74.7%	2,971
Q4 2016	$137.4B	74	0	0	0	0	75.6%	3,061

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.