DaveManuel.com · Institutional Ownership · 13F Holdings

CARLSON FINANCIAL, INC.

Reported holdings as of Q2 2026, from 3 quarterly filings.

CIK

2134889

Reported value

$196.1M

Positions

195

Top 10 weight

35.7%

Filed

2026-08-24

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NVIDIA CORPORATION	NVDA	$17.3M	86,267	8.81%	-0.19pp	3q	-1.4%-$247.2K
AXON ENTERPRISE INC	AXON	$9.0M	16,039	4.59%	+0.67pp	3q	+2.7%+$232.7K
TESLA INC	TSLA	$8.0M	19,118	4.10%	+0.06pp	3q	+3.6%+$280.1K
NORTHERN LTS FD TR IV	BIBL	$7.2M	124,700	3.68%	+0.24pp	3q	+0.7%+$49.2K
ISHARES TR	DGRO	$5.6M	74,069	2.86%	-0.07pp	3q	+4.5%+$242.9K
FIRST TR EXCHANGE TRADED FD	RDVY	$5.3M	64,855	2.68%	-0.03pp	3q	-3.6%-$195.6K
GLOBAL X FDS	PAVE	$5.1M	86,025	2.59%	+0.02pp	3q	HELD
SHOPIFY INC	SHOP	$4.5M	39,730	2.31%	-0.43pp	3q	+1.4%+$63.7K
CATERPILLAR INC	CAT	$4.2M	3,935	2.14%	+0.47pp	3q	-1.5%-$62.9K
APPLE INC	AAPL	$3.9M	13,386	1.98%	-0.01pp	3q	+0.7%+$28.4K
FIRST TR EXCHANGE-TRADED FD	SDVY	$3.7M	85,441	1.88%	-0.11pp	3q	HELD
FIRST TR EXCHANGE-TRADED FD	AIRR	$3.3M	24,605	1.67%	+0.12pp	3q	+3.4%+$106.4K
AMAZON COM INC	AMZN	$2.7M	11,149	1.36%	-0.01pp	3q	HELD
TIMOTHY PLAN	TPHD	$2.6M	60,871	1.31%	-0.15pp	3q	+1.1%+$28.7K
NORTHERN LTS FD TR IV	BLES	$2.4M	51,333	1.25%	-0.10pp	3q	HELD
MICRON TECHNOLOGY INC	MU	$2.4M	2,086	1.23%	+0.73pp	3q	-16.1%-$460.9K
FIRST TR EXCHANGE-TRADED FD	FTCS	$2.4M	25,406	1.22%	-0.36pp	3q	-11.7%-$315.8K
MICROSOFT CORP	MSFT	$2.2M	5,807	1.11%	-0.14pp	3q	+2.1%+$43.7K
FIRST TR EXCHANGE TRADED FD	CIBR	$2.0M	21,886	1.00%	+0.21pp	3q	+1.5%+$30.0K
QUANTA SVCS INC	PWR	$1.9M	2,610	0.96%	+0.11pp	3q	-0.9%-$16.6K
GLOBAL X FDS	SHLD	$1.9M	31,488	0.96%	-0.32pp	3q	+2.4%+$44.8K
PACER FDS TR	USAI	$1.8M	39,852	0.92%	-0.13pp	3q	+4.6%+$79.7K
BROADCOM INC	AVGO	$1.8M	4,646	0.90%	+0.01pp	3q	-3.8%-$69.9K
ABBVIE INC	ABBV	$1.7M	6,770	0.87%	-0.01pp	3q	-1.3%-$22.6K
INVESCO EXCHANGE TRADED FD T	PPA	$1.7M	9,494	0.86%	-0.08pp	3q	-0.9%-$15.4K
COSTCO WHOLESALE CORPORATION	COST	$1.6M	1,760	0.84%	-0.30pp	3q	-9.5%-$172.4K
VANECK ETF TRUST	NLR	$1.6M	14,097	0.83%	-0.25pp	3q	+1.8%+$29.0K
FIRST TR EXCHANGE-TRADED FD	LMBS	$1.6M	32,821	0.83%	-0.15pp	3q	-1.6%-$27.1K
NORTHERN LTS FD TR IV	ISMD	$1.6M	31,681	0.81%	+0.06pp	3q	HELD
CARRIER GLOBAL CORPORATION	CARR	$1.6M	21,429	0.80%	+0.09pp	3q	-0.8%-$11.9K
DUTCH BROS INC	BROS	$1.5M	21,239	0.78%	+0.16pp	3q	+1.8%+$27.6K
NORTHERN LTS FD TR IV	PTL	$1.5M	5,244	0.77%	flat	3q	+1.2%+$17.2K
FIRST TR EXCHANGE-TRADED FD	FVD	$1.4M	30,031	0.74%	-0.12pp	3q	-3.3%-$49.6K
ADVANCED MICRO DEVICES INC	AMD	$1.3M	2,297	0.68%	+0.39pp	3q	-3.6%-$49.4K
GLOBAL X FDS	HYDR	$1.3M	24,616	0.67%	+0.18pp	3q	+8.2%+$98.6K
NORTHERN LTS FD TR IV	GLRY	$1.3M	29,767	0.66%	+0.04pp	3q	+5.2%+$64.1K
INVESCO EXCHANGE TRADED FD T	XMMO	$1.3M	7,626	0.66%	+0.01pp	3q	HELD
UNITED PARCEL SVCS INC	UPS	$1.2M	11,567	0.63%	-0.04pp	3q	-0.6%-$7.2K
PALANTIR TECHNOLOGIES INC	PLTR	$1.2M	10,349	0.62%	-0.27pp	3q	+1.3%+$15.2K
JPMORGAN CHASE & CO	JPM	$1.2M	3,638	0.61%	flat	3q	+3.3%+$38.0K
FIRST TR EXCHANGE-TRADED FD	GRID	$1.1M	5,953	0.58%	+0.16pp	3q	+37.0%+$309.0K
HOWMET AEROSPACE INC	HWM	$1.1M	4,227	0.58%	-0.02pp	3q	-4.2%-$50.3K
PGIM ETF TR	PULS	$1.1M	22,476	0.57%	-0.03pp	3q	+9.0%+$92.1K
INVESCO EXCH TRADED FD TR II	RWJ	$1.1M	18,700	0.57%	-0.45pp	3q	-45.5%-$929.2K
UNION PAC CORP	UNP	$1.1M	3,993	0.55%	-0.02pp	3q	HELD
FRANKLIN TEMPLETON ETF TR	INCM	$1.1M	36,705	0.54%	-0.03pp	3q	+9.8%+$94.6K
NEXTERA ENERGY INC	NEE	$1.0M	11,810	0.53%	+0.07pp	3q	+41.4%+$303.7K
SPACE EXPLORATION TECHN CORP	SPCX	$1.0M	6,022	0.52%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JMST	$1.0M	20,150	0.52%	-0.08pp	3q	HELD
PROCTER & GAMBLE CO	PG	$1.0M	6,870	0.51%	-0.05pp	3q	+3.8%+$37.2K
GOLDMAN SACHS GROUP INC	GS	$981.7K	971	0.50%	+0.02pp	3q	+0.5%+$5.1K
ARK ETF TR	ARKX	$980.0K	28,721	0.50%	+0.19pp	2q	+62.5%+$377.0K
VALERO ENERGY CORP	VLO	$914.9K	3,509	0.47%	-0.46pp	3q	-44.6%-$735.2K
INVESCO EXCH TRADED FD TR II	XMLV	$869.1K	13,102	0.44%	-0.04pp	3q	HELD
CAVA GROUP INC	CAVA	$859.7K	10,954	0.44%	-0.08pp	3q	HELD
GENERAC HLDGS INC	GNRC	$850.6K	2,905	0.43%	+0.10pp	3q	-1.0%-$8.5K
JOHNSON & JOHNSON	JNJ	$835.3K	3,288	0.43%	-0.03pp	3q	+3.6%+$29.2K
SELECT SECTOR SPDR TR	XLE	$800.7K	15,072	0.41%	-0.15pp	3q	-1.8%-$15.0K
GLOBAL X FDS	URA	$780.6K	17,863	0.40%	-0.10pp	3q	+1.5%+$11.7K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$779.9K	1,631	0.40%	+0.09pp	3q	+6.0%+$44.5K
PALO ALTO NETWORKS INC	PANW	$762.2K	2,235	0.39%	+0.18pp	3q	HELD
CROWDSTRIKE HLDGS INC	CRWD	$750.2K	983	0.38%	+0.15pp	3q	-3.5%-$27.5K
NIKE INC	NKE	$745.2K	18,146	0.38%	-0.01pp	3q	+43.7%+$226.8K
NORTHERN LTS FD TR IV	FDLS	$734.9K	17,389	0.37%	+0.04pp	3q	+13.8%+$89.1K
GARRETT MOTION INC	GTX	$724.5K	19,995	0.37%	+0.16pp	3q	HELD
FIRST TR EXCHANGE TRAD FD VI	FTGC	$705.5K	26,077	0.36%	-0.10pp	3q	-3.7%-$27.1K
PIMCO ETF TR	MINT	$697.7K	6,921	0.36%	-0.02pp	3q	+8.3%+$53.7K
GARMIN LTD	GRMN	$676.7K	2,847	0.35%	-0.05pp	3q	-1.7%-$11.9K
FIRST TR EXCHANGE TRADED FD	FXU	$671.4K	13,612	0.34%	-0.06pp	3q	HELD
WASTE MGMT INC DEL	WM	$670.4K	3,004	0.34%	-0.06pp	3q	+0.9%+$6.0K
TIMOTHY PLAN	TPLC	$666.2K	13,234	0.34%	-0.02pp	3q	-0.6%-$4.3K
NORTHERN LTS FD TR IV	WWJD	$658.3K	17,267	0.34%	-0.04pp	3q	+1.9%+$12.5K
INVESCO EXCHANGE TRADED FD T	SPHQ	$651.7K	7,233	0.33%	-0.03pp	3q	-11.6%-$85.2K
LOWES COS INC	LOW	$647.5K	2,933	0.33%	-0.08pp	3q	-1.4%-$9.1K
INVESCO EXCH TRADED FD TR II	SPHD	$640.1K	12,590	0.33%	-0.04pp	3q	-0.6%-$4.0K
ELI LILLY & CO	LLY	$632.9K	526	0.32%	+0.04pp	3q	HELD
ALPHABET INC	GOOGL	$607.1K	1,699	0.31%	-	new	NEW
BOEING CO	BA	$588.9K	2,720	0.30%	-0.02pp	3q	HELD
FRANKLIN TEMPLETON HOLDINGS	FGDL	$588.8K	11,032	0.30%	-0.10pp	3q	HELD
FIRST TR EXCH TRADED FD III	HUSV	$572.9K	14,584	0.29%	-0.06pp	3q	-7.1%-$43.6K
POWELL INDS INC	POWL	$567.8K	1,978	0.29%	+0.08pp	3q	HELD
INVESCO DB MULTI-SECTOR COMM	DBA	$567.0K	21,249	0.29%	-0.05pp	3q	HELD
TEXTRON INC	TXT	$538.6K	5,869	0.27%	-0.03pp	3q	HELD
DEERE CO	DE	$506.3K	798	0.26%	flat	3q	+2.4%+$12.1K
HUNTINGTON INGALLS INDS INC	HII	$501.8K	1,782	0.26%	-0.14pp	3q	+0.8%+$4.2K
MCDONALDS CORP	MCD	$493.8K	1,827	0.25%	-0.07pp	3q	+5.1%+$24.1K
STRATEGY SHS	ELCV	$491.4K	14,948	0.25%	+0.03pp	3q	+18.5%+$76.8K
SYSCO CORP	SYY	$486.4K	5,814	0.25%	flat	3q	-1.2%-$6.1K
ALPS ETF TR	SBIO	$481.7K	7,448	0.25%	+0.02pp	3q	HELD
FIRST TR EXCHANGE TRADED FD	SKYY	$477.9K	3,547	0.24%	+0.01pp	3q	-2.6%-$12.8K
BLACKSTONE INC	BX	$472.9K	4,019	0.24%	-0.03pp	3q	HELD
SALESFORCE INC	CRM	$464.2K	2,956	0.24%	-0.17pp	3q	-19.3%-$111.3K
FIRST TR EXCHANGE-TRADED FD	FID	$462.7K	21,563	0.24%	-0.01pp	3q	+7.9%+$33.9K
ISHARES TR	ITA	$455.8K	1,882	0.23%	-0.01pp	3q	HELD
BWX TECHNOLOGIES INC	BWXT	$450.5K	2,309	0.23%	-0.06pp	3q	-2.4%-$10.9K
INVESCO EXCH TRADED FD TR II	PSCI	$448.7K	2,412	0.23%	+0.01pp	3q	HELD
CENTRUS ENERGY CORP	LEU	$447.7K	2,667	0.23%	-0.04pp	3q	+2.2%+$9.7K
CHEVRON CORPORATION	CVX	$444.5K	2,681	0.23%	-0.10pp	3q	HELD
INVESCO EXCHANGE TRADED FD T	XSMO	$436.2K	4,650	0.22%	+0.01pp	3q	-3.4%-$15.4K
INVESCO EXCH TRADED FD TR II	PSCT	$431.9K	4,673	0.22%	+0.09pp	3q	+25.8%+$88.5K
RBB FD INC	XBIL	$431.0K	8,618	0.22%	-0.06pp	3q	-10.3%-$49.6K
INVESCO QQQ TR	QQQ	$426.5K	579	0.22%	+0.02pp	3q	-1.0%-$4.4K
WISDOMTREE TR	WQTM	$426.1K	11,269	0.22%	-	new	NEW
FIRST TR EXCH TRADED FD III	FTLS	$421.6K	5,714	0.22%	-0.04pp	3q	-6.4%-$28.9K
NORTHERN LTS FD TR IV	IBD	$420.3K	17,679	0.21%	-0.07pp	3q	-11.6%-$55.2K
FREIGHTCAR AMER INC	RAIL	$417.9K	42,911	0.21%	+0.01pp	3q	-2.5%-$10.6K
GLOBAL X FDS	QYLD	$413.4K	22,429	0.21%	-0.02pp	3q	-1.7%-$7.2K
CAPITAL GRP FIXED INCM ETF T	CGMS	$412.6K	15,092	0.21%	-0.03pp	3q	+1.1%+$4.4K
FIRST TR EXCHANGE TRADED FD	FXO	$410.3K	6,574	0.21%	-0.01pp	3q	-0.7%-$2.9K
ARK ETF TR	ARKK	$408.8K	5,055	0.21%	flat	3q	-1.9%-$7.8K
OKLO INC	OKLO	$408.0K	7,796	0.21%	-0.02pp	3q	-2.2%-$9.2K
STARBUCKS CORP	SBUX	$405.6K	3,967	0.21%	-0.01pp	3q	-2.1%-$8.9K
TRACTOR SUPPLY CO	TSCO	$399.1K	12,625	0.20%	-0.18pp	3q	-12.0%-$54.5K
LATTICE STRATEGIES TR	RODM	$395.9K	9,796	0.20%	-0.03pp	3q	HELD
NETFLIX INC.	NFLX	$395.6K	5,540	0.20%	-0.11pp	3q	HELD
HALLIBURTON CO	HAL	$382.9K	11,278	0.20%	-0.06pp	2q	+2.7%+$10.0K
TOAST INC	TOST	$376.9K	13,546	0.19%	-0.02pp	3q	-2.2%-$8.3K
PROLOGIS INC.	PLD	$374.7K	2,763	0.19%	-0.02pp	3q	HELD
INTEL CORP	INTC	$372.6K	2,669	0.19%	-	new	NEW
IONQ INC	IONQ	$366.3K	6,877	0.19%	-	new	NEW
STATE STR SPDR S&P 500 ETF T	SPY	$362.1K	484	0.18%	flat	3q	+2.1%+$7.5K
SMITH A O CORP	AOS	$361.2K	5,758	0.18%	-0.07pp	3q	-13.3%-$55.6K
TORO CO	TTC	$357.0K	3,659	0.18%	-0.02pp	3q	HELD
nan	MELI	$356.5K	210	0.18%	-0.02pp	3q	+5.5%+$18.7K
INVESCO EXCHANGE TRADED FD T	XMVM	$356.2K	5,025	0.18%	-0.01pp	3q	+0.8%+$2.9K
CAPITAL GRP FIXED INCM ETF T	CGMU	$353.7K	12,876	0.18%	-0.05pp	3q	-8.9%-$34.7K
NATIONAL FUEL GAS CO	NFG	$353.0K	4,571	0.18%	-0.07pp	3q	HELD
FIRST TR EXCHANGE-TRADED ALP	FYC	$349.0K	2,737	0.18%	+0.01pp	3q	-4.9%-$17.9K
SELECT SECTOR SPDR TR	XLF	$347.5K	6,477	0.18%	flat	3q	+5.4%+$17.7K
GLOBAL X FDS	BOTZ	$347.4K	9,153	0.18%	+0.01pp	3q	+7.7%+$24.9K
GLOBAL X FDS	CATH	$346.3K	3,913	0.18%	-0.02pp	3q	-6.6%-$24.5K
FUELCELL ENERGY INC	FCEL	$343.6K	9,543	0.18%	-	new	NEW
GLOBAL X FDS	DTCR	$342.3K	11,274	0.17%	+0.03pp	2q	+11.4%+$35.0K
FIRST TR EXCHANGE-TRADED FD	FTDS	$342.2K	5,577	0.17%	-0.02pp	3q	HELD
GLOBAL X FDS	ZAP	$341.0K	9,854	0.17%	-	new	NEW
INVESCO EXCHANGE TRADED FD T	RSP	$340.1K	1,596	0.17%	flat	3q	+2.9%+$9.6K
SELECT SECTOR SPDR TR	XLRE	$330.8K	7,514	0.17%	-0.01pp	3q	HELD
PUTNAM ETF TRUST	PVAL	$330.4K	6,485	0.17%	-	new	NEW
GENUINE PARTS CO	GPC	$324.6K	2,752	0.17%	-0.10pp	3q	-34.7%-$172.5K
FIRST TR EXCHANGE-TRADED ALP	FNY	$322.8K	2,909	0.16%	+0.01pp	3q	+1.5%+$4.9K
CEREBRAS SYSTEMS INC	CBRS	$322.2K	1,458	0.16%	-	new	NEW
INVESCO EXCH TRADED FD TR II	TAN	$318.6K	5,386	0.16%	-	new	NEW
BLOCK INC	XYZ	$313.9K	4,130	0.16%	+0.01pp	3q	-1.2%-$3.8K
WISDOMTREE TR	EPI	$312.5K	7,295	0.16%	-0.04pp	3q	-11.2%-$39.5K
CONSOLIDATED EDISON INC	ED	$309.1K	2,793	0.16%	-0.03pp	3q	HELD
CHIPOTLE MEXICAN GRILL INC	CMG	$299.3K	8,803	0.15%	-0.03pp	3q	-8.8%-$28.9K
US BANCORP	USB	$287.3K	4,758	0.15%	flat	3q	HELD
COCA COLA CO	KO	$285.3K	3,511	0.15%	-0.01pp	3q	HELD
FIRST TR EXCHANGE-TRADED FD	FIW	$282.1K	2,576	0.14%	+0.01pp	3q	+21.4%+$49.7K
JANUS DETROIT STR TR	JAAA	$281.7K	5,581	0.14%	-	new	NEW
INVESCO EXCH TRADED FD TR II	XSHQ	$281.5K	5,824	0.14%	flat	3q	+2.9%+$7.9K
BLACK HILLS CORP	BKH	$277.3K	3,727	0.14%	-0.01pp	3q	HELD
FORD MTR CO	F	$271.4K	19,524	0.14%	flat	3q	-3.0%-$8.5K
ARK ETF TR	ARKF	$270.4K	6,849	0.14%	-0.02pp	3q	HELD
PACER FDS TR	CALF	$261.7K	5,171	0.13%	-0.24pp	3q	-63.5%-$455.8K
FIRST TR EXCH TRD ALPHDX FD	FEM	$258.9K	8,093	0.13%	flat	2q	+10.5%+$24.7K
ETF SER SOLUTIONS	MAGA	$257.0K	4,589	0.13%	-0.02pp	3q	-5.2%-$14.0K
ISHARES TR	OEF	$254.3K	695	0.13%	flat	3q	HELD
USA RARE EARTH INC	USAR	$254.2K	11,780	0.13%	+0.03pp	2q	+5.7%+$13.7K
INVESCO EXCH TRADED FD TR II	KBWB	$250.1K	2,690	0.13%	-	new	NEW
VANGUARD INDEX FDS	VTV	$248.1K	1,139	0.13%	-0.01pp	3q	-1.7%-$4.4K
FIRST TR EXCHANGE-TRADED FD	QQEW	$246.7K	1,545	0.13%	-	new	NEW
FIREFLY AEROSPACE INC	FLY	$241.4K	8,211	0.12%	flat	2q	+8.8%+$19.6K
SNOWFLAKE INC	SNOW	$240.3K	944	0.12%	-	new	NEW
INVESCO EXCH TRADED FD TR II	PSCE	$233.2K	4,237	0.12%	-0.05pp	2q	-7.3%-$18.4K
ISHARES TR	IJR	$232.5K	1,568	0.12%	-	new	NEW
PLANET LABS PBC	PL	$231.5K	6,987	0.12%	-	new	NEW
XPEL INC	XPEL	$230.9K	4,655	0.12%	-0.01pp	3q	-4.8%-$11.7K
UBER TECHNOLOGIES INC	UBER	$227.3K	3,150	0.12%	-0.04pp	3q	-12.4%-$32.1K
GLOBAL X FDS	XYLD	$226.6K	5,554	0.12%	-0.02pp	3q	-2.2%-$5.1K
SPDR SERIES TRUST	SPYV	$225.8K	3,714	0.12%	-0.01pp	3q	HELD
SCOTTS MIRACLE GRO CO	SMG	$225.2K	3,305	0.11%	-0.02pp	3q	-12.1%-$31.0K
GLOBAL X FDS	FINX	$222.7K	9,027	0.11%	-0.01pp	3q	-1.1%-$2.4K
VANECK ETF TRUST	SMH	$220.2K	334	0.11%	-	new	NEW
ISHARES TR	IJH	$218.4K	2,835	0.11%	-	new	NEW
INVESCO EXCH TRADED FD TR II	SPLV	$218.0K	2,910	0.11%	-0.02pp	3q	-1.9%-$4.3K
NUSCALE PWR CORP	SMR	$216.5K	21,580	0.11%	-0.03pp	3q	-0.7%-$1.5K
INVESCO EXCHANGE TRADED FD T	RSPU	$215.3K	2,658	0.11%	-0.01pp	2q	+3.0%+$6.3K
TIMOTHY PLAN	TPSC	$213.8K	4,456	0.11%	-	new	NEW
ONDAS INC	ONDS	$212.4K	25,780	0.11%	-0.01pp	2q	+15.6%+$28.6K
META PLATFORMS INC	META	$211.5K	374	0.11%	-0.02pp	3q	HELD
GLOBAL X FDS	CLIP	$209.6K	2,088	0.11%	-0.01pp	2q	+2.5%+$5.0K
INVESCO EXCHANGE TRADED FD T	RFV	$208.9K	1,461	0.11%	-	new	NEW
SPDR SERIES TRUST	SPIB	$208.5K	6,233	0.11%	-0.02pp	3q	+1.1%+$2.3K
ISHARES INC	POWR	$208.3K	7,452	0.11%	-	new	NEW
TMC THE METALS COMPANY INC	TMC	$207.9K	46,933	0.11%	-0.02pp	3q	+4.7%+$9.3K
FIRST TR EXCHANGE-TRADED FD	FTHF	$205.7K	4,131	0.10%	-	new	NEW
FIRST TR EXCHANGE-TRADED FD	FDL	$205.1K	4,215	0.10%	-0.02pp	2q	+0.9%+$1.9K
VANGUARD INDEX FDS	VUG	$204.4K	2,374	0.10%	-	new	NEW
RTX CORPORATION	RTX	$202.9K	1,069	0.10%	-0.02pp	3q	-4.1%-$8.7K
SPDR SERIES TRUST	SDY	$201.1K	1,321	0.10%	-	new	NEW
GROCERY OUTLET HLDG CORP	GO	$167.3K	16,766	0.09%	+0.04pp	2q	+63.5%+$65.0K
RED CAT HLDGS INC	RCAT	$129.0K	12,114	0.07%	-0.03pp	3q	HELD
ANGEL STUDIOS INC	ANGX	$63.8K	17,396	0.03%	flat	3q	-7.9%-$5.5K
FORTRESS BIOTECH INC	FBIO	$38.7K	12,659	0.02%	flat	3q	-2.7%-$1.1K

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
Semiconductors & Electronics	$26.8M	13.7%
Industrials	$16.5M	8.4%
Software & IT Services	$12.4M	6.3%
Autos & Aerospace	$12.2M	6.2%
Retail & Consumer	$9.1M	4.6%
Computer Hardware	$4.6M	2.4%
Biotech & Pharma	$3.2M	1.6%
Other sectors	$20.0M	10.2%
Not classified	$91.2M	46.5%

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
Q2 2026	+12.8%	+14.8%	-2.0%	100%
Q1 2026	-3.2%	-4.6%	+1.5%	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
Q2 2026	$196.1M	195	24	63	68	10	35.7%	55
Q1 2026	$169.6M	181	14	64	66	13	35.3%	146
Q4 2025	$172.7M	180	0	0	0	0	38.0%	236

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.