DaveManuel.com · Institutional Ownership · 13F Holdings
FAI Advisors, Inc.
Reported holdings as of Q3 2026, from 8 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | SCHG | $15.3M | 425,463 | +0.35pp | 8q | +1.0%+$158.6K | |
| SCHWAB STRATEGIC TR | SCHV | $15.0M | 448,988 | -0.01pp | 8q | +5.4%+$766.5K | |
| MICROSOFT CORP | MSFT | $10.7M | 20,874 | +1.14pp | 8q | +1.2%+$126.2K | |
| ISHARES TR | IDEV | $10.7M | 119,633 | +0.54pp | 8q | +15.4%+$1.4M | |
| INNOVATOR ETFS TRUST | IBUF | $9.8M | 312,843 | +0.19pp | 6q | +6.6%+$604.9K | |
| INNOVATOR ETFS TRUST | UOCT | $9.6M | 226,233 | +0.26pp | 8q | +5.3%+$484.8K | |
| INNOVATOR ETFS TRUST | UAPR | $9.6M | 266,205 | +0.22pp | 8q | +5.2%+$468.6K | |
| INNOVATOR ETFS TRUST | UJAN | $9.5M | 205,511 | +0.24pp | 8q | +5.5%+$501.3K | |
| INNOVATOR ETFS TRUST | UJUL | $9.1M | 220,176 | +0.28pp | 8q | +8.0%+$674.3K | |
| INNOVATOR ETFS TRUST | BALT | $7.9M | 225,990 | +0.85pp | 8q | +37.0%+$2.1M | |
| NVIDIA CORPORATION | NVDA | $7.5M | 33,042 | +0.41pp | 8q | +2.7%+$199.6K | |
| APPLE INC | AAPL | $7.2M | 21,501 | +0.42pp | 8q | +3.3%+$231.8K | |
| ISHARES TR | SGOV | $5.8M | 57,720 | -1.35pp | 8q | -36.7%-$3.4M | |
| VANGUARD TAX-MANAGED FDS | VEA | $4.5M | 63,835 | -0.77pp | 8q | -29.1%-$1.9M | |
| ISHARES INC | IEMG | $4.1M | 50,394 | +0.78pp | 8q | +102.9%+$2.1M | |
| SPDR GOLD TR | GLD | $4.0M | 10,626 | -0.51pp | 7q | -26.4%-$1.4M | |
| VANGUARD INDEX FDS | VBK | $3.2M | 9,476 | -0.09pp | 8q | +2.0%+$63.5K | |
| VANGUARD BD INDEX FDS | BND | $3.1M | 44,038 | -0.05pp | 8q | +1.7%+$50.6K | |
| ALPHABET INC | GOOG | $2.9M | 8,579 | -0.04pp | 8q | +1.3%+$38.5K | |
| VANGUARD INDEX FDS | VBR | $2.9M | 12,382 | -0.07pp | 8q | HELD | |
| VANGUARD INDEX FDS | VUG | $2.7M | 30,030 | +0.06pp | 8q | +2.1%+$56.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.6M | 5,279 | -0.03pp | 8q | -1.3%-$34.9K | |
| SCHWAB STRATEGIC TR | SCHX | $2.6M | 85,415 | -0.54pp | 8q | -35.8%-$1.4M | |
| AMAZON COM INC | AMZN | $2.5M | 10,219 | +0.07pp | 8q | +4.4%+$108.4K | |
| SEI EXCHANGE TRADED FUNDS | SEIM | $2.5M | 46,101 | -0.10pp | 8q | -4.5%-$117.2K | |
| SEI EXCHANGE TRADED FUNDS | SEIV | $2.5M | 50,012 | -0.08pp | 8q | -8.7%-$234.0K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $2.4M | 40,195 | -0.07pp | 8q | -5.3%-$132.6K | |
| ALPHABET INC | GOOGL | $2.1M | 6,092 | flat | 8q | +4.5%+$91.2K | |
| EATON CORP PLC | ETN | $1.9M | 4,316 | -0.02pp | 6q | -3.1%-$58.4K | |
| BROADCOM INC | AVGO | $1.8M | 5,100 | -0.03pp | 8q | +3.6%+$62.9K | |
| META PLATFORMS INC | META | $1.7M | 2,411 | +0.15pp | 8q | +1.4%+$23.9K | |
| VANGUARD CHARLOTTE FDS | BNDX | $1.7M | 37,069 | -0.02pp | 8q | +2.1%+$35.5K | |
| MICRON TECHNOLOGY INC | MU | $1.6M | 1,546 | -0.07pp | 6q | -1.8%-$30.9K | |
| SPDR SERIES TRUST | SPHY | $1.5M | 66,276 | -0.03pp | 8q | HELD | |
| VANGUARD MUN BD FDS | VTEB | $1.5M | 31,490 | +0.08pp | 8q | +24.3%+$291.8K | |
| INNOVATOR ETFS TRUST | POCT | $1.4M | 29,274 | +0.01pp | 8q | -0.9%-$13.4K | |
| INNOVATOR ETFS TRUST | PJAN | $1.4M | 27,561 | flat | 8q | -0.8%-$10.6K | |
| COHERENT CORP | COHR | $1.4M | 4,786 | -0.21pp | 8q | HELD | |
| VISA INC | V | $1.4M | 3,785 | +0.03pp | 8q | +1.5%+$20.5K | |
| ELI LILLY & CO | LLY | $1.3M | 1,149 | +0.01pp | 8q | +5.8%+$72.9K | |
| INNOVATOR ETFS TRUST | PAPR | $1.3M | 30,279 | flat | 8q | -0.6%-$8.5K | |
| SCHWAB STRATEGIC TR | SCHA | $1.3M | 38,764 | -0.31pp | 8q | -31.4%-$578.2K | |
| PGIM ETF TR | PAAA | $1.3M | 24,511 | -0.02pp | 3q | -2.8%-$36.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.2M | 2,030 | +0.02pp | 8q | +0.7%+$8.6K | |
| VANGUARD INDEX FDS | VTV | $1.2M | 5,737 | +0.02pp | 8q | +5.6%+$65.7K | |
| SEI EXCHANGE TRADED FUNDS | SEIQ | $1.2M | 29,909 | -0.03pp | 8q | -8.0%-$107.3K | |
| SCHWAB STRATEGIC TR | SCHP | $1.2M | 48,206 | -0.02pp | 8q | +3.1%+$36.4K | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,269 | +0.01pp | 8q | +3.2%+$33.1K | |
| ABRDN ETFS | BCI | $989.1K | 38,233 | +0.03pp | 8q | -4.1%-$42.7K | |
| ISHARES TR | IEFA | $924.4K | 9,542 | flat | 8q | +1.7%+$15.8K | |
| ISHARES INC | ACWV | $916.2K | 7,465 | -0.01pp | 8q | -4.2%-$40.4K | |
| ORACLE CORP | ORCL | $892.0K | 6,497 | -0.03pp | 8q | -1.8%-$16.6K | |
| WALMART INC | WMT | $865.7K | 8,330 | -0.03pp | 8q | +0.6%+$5.2K | |
| MCKESSON CORP | MCK | $861.5K | 1,009 | +0.03pp | 8q | HELD | |
| GE VERNOVA INC | GEV | $861.1K | 906 | -0.08pp | 8q | HELD | |
| TESLA INC | TSLA | $854.0K | 2,407 | -0.07pp | 8q | HELD | |
| PROCTER & GAMBLE CO | PG | $845.4K | 5,819 | flat | 8q | +1.0%+$8.6K | |
| VANECK ETF TRUST | EMLC | $832.3K | 33,521 | -0.01pp | 8q | HELD | |
| VANGUARD WHITEHALL FDS | VWOB | $794.2K | 12,581 | -0.02pp | 8q | HELD | |
| CATERPILLAR INC | CAT | $788.9K | 973 | -0.07pp | 8q | +8.1%+$59.2K | |
| ISHARES TR | MUB | $773.4K | 7,650 | -0.07pp | 8q | -13.6%-$121.7K | |
| LAM RESEARCH CORP | LRCX | $772.3K | 2,351 | -0.06pp | 5q | +9.8%+$68.7K | |
| ISHARES TR | MBB | $770.1K | 8,593 | -0.01pp | 8q | +1.7%+$13.0K | |
| SCHWAB STRATEGIC TR | SCHO | $751.3K | 31,489 | +0.01pp | 8q | +7.5%+$52.3K | |
| FORD MTR CO | F | $724.4K | 60,069 | -0.05pp | 8q | -1.5%-$11.4K | |
| APPLIED MATLS INC | AMAT | $723.1K | 1,414 | -0.12pp | 8q | HELD | |
| INVESCO EXCH TRADED FD TR II | SPLV | $709.5K | 10,063 | -0.02pp | 8q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $701.2K | 3,371 | -0.01pp | 8q | HELD | |
| JOHNSON & JOHNSON | JNJ | $693.4K | 2,619 | +0.02pp | 8q | +5.1%+$33.4K | |
| SPDR SERIES TRUST | HYMB | $686.9K | 29,269 | +0.04pp | 8q | +30.0%+$158.7K | |
| CISCO SYS INC | CSCO | $682.2K | 6,338 | -0.03pp | 8q | -2.3%-$15.9K | |
| CENCORA INC | COR | $673.8K | 2,244 | +0.01pp | 8q | -1.6%-$10.8K | |
| ANALOG DEVICES INC | ADI | $662.9K | 1,671 | flat | 8q | +1.0%+$6.7K | |
| WESTERN DIGITAL CORP | WDC | $659.9K | 1,452 | -0.12pp | 5q | -3.2%-$21.8K | |
| PIMCO ETF TR BROAD US TIPS | TIPZ | $646.3K | 13,038 | +0.02pp | 8q | +14.1%+$80.0K | |
| ISHARES TR | USIG | $640.9K | 13,158 | -0.01pp | 8q | +1.3%+$8.0K | |
| VANGUARD INDEX FDS | VOO | $635.7K | 907 | -0.02pp | 8q | -7.3%-$49.8K | |
| ABBVIE INC | ABBV | $629.4K | 2,406 | +0.04pp | 8q | +17.4%+$93.1K | |
| SANDISK CORP | SNDK | $626.4K | 360 | -0.09pp | 3q | -3.7%-$24.4K | |
| BANK OF AMER CORP | BAC | $625.5K | 11,492 | -0.01pp | 8q | +0.5%+$3.3K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $614.3K | 3,284 | +0.09pp | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $613.9K | 3,136 | flat | 8q | HELD | |
| INNOVATOR ETFS TRUST | PJUL | $607.0K | 12,219 | +0.01pp | 8q | +2.2%+$13.2K | |
| QUANTA SVCS INC | PWR | $605.2K | 942 | -0.03pp | 8q | -0.8%-$5.1K | |
| GE AEROSPACE | GE | $575.6K | 1,843 | -0.04pp | 8q | +3.0%+$16.6K | |
| MERCK & CO INC | MRK | $566.0K | 3,895 | +0.04pp | 8q | +10.1%+$52.0K | |
| INNOVATOR ETFS TRUST | IJUL | $539.6K | 14,935 | -0.01pp | 8q | -1.9%-$10.6K | |
| ECHOSTAR CORP | ECHO | $531.5K | 5,945 | +0.04pp | 2q | +44.1%+$162.5K | |
| COSTCO WHOLESALE CORPORATION | COST | $512.5K | 563 | -0.01pp | 8q | +0.5%+$2.7K | |
| PHILIP MORRIS INTL INC | PM | $504.3K | 2,643 | +0.02pp | 8q | +5.6%+$26.7K | |
| RTX CORPORATION | RTX | $500.9K | 2,698 | +0.01pp | 8q | +6.4%+$30.1K | |
| INNOVATOR ETFS TRUST | EJUL | $495.5K | 15,893 | -0.01pp | 8q | -4.6%-$23.8K | |
| MASTERCARD INCORPORATED | MA | $455.0K | 825 | +0.01pp | 8q | -2.7%-$12.7K | |
| INTEL CORP | INTC | $450.4K | 3,746 | -0.03pp | 2q | HELD | |
| TEXAS INSTRS INC | TXN | $437.5K | 1,562 | -0.01pp | 8q | +2.6%+$10.9K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $425.5K | 11,950 | -0.01pp | 8q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $414.3K | 1,565 | +0.05pp | 2q | +3.2%+$13.0K | |
| GOLDMAN SACHS GROUP INC | GS | $411.5K | 457 | -0.01pp | 8q | +7.0%+$27.0K | |
| ITT INC | ITT | $403.2K | 1,998 | flat | 8q | -1.7%-$7.1K | |
| SPDR INDEX SHS FDS | SPDW | $396.7K | 7,900 | flat | 8q | -0.6%-$2.5K | |
| VANGUARD WHITEHALL FDS | VYM | $392.3K | 2,528 | -0.01pp | 8q | -3.3%-$13.5K | |
| BOOKING HOLDINGS INC | BKNG | $381.2K | 2,340 | -0.01pp | 8q | +1.4%+$5.4K | |
| MARATHON PETE CORP | MPC | $380.0K | 961 | +0.05pp | 3q | HELD | |
| VANECK ETF TRUST | HYD | $374.4K | 7,795 | -0.05pp | 8q | -19.9%-$92.7K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $360.2K | 1,638 | -0.06pp | 8q | -9.4%-$37.2K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $358.7K | 3,670 | flat | 8q | -6.4%-$24.6K | |
| VANGUARD WHITEHALL FDS | VYMI | $355.7K | 3,517 | flat | 8q | -2.7%-$9.8K | |
| PALO ALTO NETWORKS INC | PANW | $355.2K | 894 | +0.02pp | 2q | +2.8%+$9.5K | |
| WELLTOWER INC | WELL | $344.0K | 1,494 | flat | 7q | +1.3%+$4.4K | |
| ASML HLDG NV | ASML | $338.8K | 187 | -0.01pp | 3q | +3.3%+$10.9K | |
| UNIVEST FINANCIAL CORPORATIO | UVSP | $333.0K | 8,125 | flat | 5q | +6.9%+$21.6K | |
| ISHARES TR | IWV | $328.9K | 762 | flat | 8q | HELD | |
| INVESCO EXCH TRADED FD TR II | PIZ | $328.8K | 6,200 | -0.01pp | 8q | HELD | |
| NETFLIX INC. | NFLX | $327.2K | 4,703 | flat | 8q | +3.0%+$9.5K | |
| CLOUDFLARE INC | NET | $325.4K | 937 | +0.03pp | 3q | -2.4%-$8.0K | |
| LOWES COS INC | LOW | $323.2K | 1,754 | -0.03pp | 8q | HELD | |
| GENERAL DYNAMICS CORP | GD | $320.5K | 966 | flat | 8q | +7.1%+$21.2K | |
| COCA COLA CO | KO | $316.5K | 3,677 | +0.01pp | 8q | +6.1%+$18.2K | |
| TJX COS INC NEW | TJX | $316.1K | 2,389 | -0.02pp | 8q | +2.9%+$8.9K | |
| DISNEY WALT CO | DIS | $314.3K | 2,996 | +0.01pp | 8q | +4.4%+$13.2K | |
| AMERICAN EXPRESS CO | AXP | $311.1K | 1,023 | -0.01pp | 8q | +1.1%+$3.3K | |
| TRANE TECHNOLOGIES PLC | TT | $310.5K | 687 | -0.01pp | 8q | +4.4%+$13.1K | |
| NEWMONT CORP | NEM | $306.6K | 2,658 | +0.01pp | 5q | -13.9%-$49.4K | |
| ABBOTT LABORATORIES | ABT | $302.7K | 3,063 | +0.02pp | 8q | +15.1%+$39.7K | |
| WELLS FARGO & CO | WFC | $299.3K | 3,739 | flat | 8q | +3.6%+$10.5K | |
| SPDR SERIES TRUST | XAR | $298.3K | 1,290 | -0.03pp | 8q | HELD | |
| ENERGY TRANSFER L P | ET | $295.8K | 14,963 | flat | 8q | HELD | |
| DUKE ENERGY CORP NEW | DUK | $294.5K | 2,583 | -0.02pp | 8q | -1.5%-$4.4K | |
| AT&T INC | T | $293.4K | 12,025 | +0.02pp | 8q | +1.1%+$3.0K | |
| GENERAL MTRS CO | GM | $293.1K | 3,806 | -0.01pp | 5q | -6.3%-$19.9K | |
| ISHARES TR | USMV | $282.9K | 2,903 | flat | 8q | +1.5%+$4.1K | |
| HILTON WORLDWIDE HLDGS INC | HLT | $276.4K | 869 | -0.06pp | 8q | -32.8%-$135.2K | |
| DELL TECHNOLOGIES INC | DELL | $274.9K | 511 | +0.01pp | 2q | -8.4%-$25.3K | |
| WILLIAMS COS INC | WMB | $274.5K | 4,038 | -0.01pp | 8q | +1.3%+$3.4K | |
| PROSHARES TR | UXI | $273.7K | 5,362 | - | new | NEW | |
| T ROWE PRICE EXCHANGE-TRADED | TFLR | $272.7K | 5,400 | flat | 3q | +1.3%+$3.4K | |
| COMFORT SYS USA INC | FIX | $269.6K | 163 | -0.02pp | 2q | +3.2%+$8.3K | |
| PROSHARES TR | UYG | $269.1K | 3,217 | - | new | NEW | |
| DEVON ENERGY CORP NEW | DVN | $267.8K | 5,816 | flat | 3q | -9.2%-$27.2K | |
| PROSHARES TR | RXL | $267.7K | 4,539 | - | new | NEW | |
| QUALCOMM INC | QCOM | $267.6K | 1,454 | -0.01pp | 8q | -4.2%-$11.8K | |
| UNITEDHEALTH GROUP INC | UNH | $265.8K | 724 | flat | 2q | +16.2%+$37.1K | |
| MCDONALDS CORP | MCD | $265.4K | 1,149 | -0.06pp | 8q | -25.4%-$90.3K | |
| IMMUCELL CORP | ICCC | $263.3K | 26,868 | flat | 8q | HELD | |
| HOME DEPOT INC | HD | $262.9K | 924 | -0.06pp | 8q | -19.4%-$63.2K | |
| CINTAS CORP | CTAS | $262.7K | 1,347 | +0.01pp | 8q | +3.0%+$7.6K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $258.6K | 1,714 | - | new | NEW | |
| MORGAN STANLEY | MS | $257.5K | 1,369 | +0.01pp | 2q | +18.6%+$40.4K | |
| SIMON PPTY GROUP INC NEW | SPG | $257.4K | 1,282 | -0.01pp | 8q | HELD | |
| VANGUARD MALVERN FDS | VTIP | $257.1K | 5,223 | flat | 8q | +2.3%+$5.8K | |
| CAPITAL ONE FINL CORP | COF | $251.0K | 1,300 | flat | 6q | +1.2%+$3.1K | |
| CHEVRON CORPORATION | CVX | $248.3K | 1,216 | - | new | NEW | |
| SYSCO CORP | SYY | $246.0K | 3,155 | flat | 8q | +4.7%+$11.0K | |
| VANGUARD INDEX FDS | VOT | $245.1K | 839 | -0.01pp | 8q | HELD | |
| AMERICAN HEALTHCARE REIT INC | AHR | $242.3K | 4,726 | flat | 4q | HELD | |
| MONOLITHIC PWR SYS INC | MPWR | $237.1K | 176 | -0.01pp | 2q | -2.2%-$5.4K | |
| PROSHARES TR II | UGL | $237.1K | 5,185 | - | new | NEW | |
| BLACKROCK INC | BLK | $236.0K | 223 | +0.01pp | 8q | HELD | |
| SPOTIFY TECHNOLOGY S A | SPOT | $233.9K | 480 | flat | 8q | HELD | |
| NVENT ELEC PLC | NVT | $229.7K | 1,432 | -0.01pp | 2q | -1.3%-$3.0K | |
| UNION PAC CORP | UNP | $226.1K | 831 | flat | 2q | +4.5%+$9.8K | |
| DELTA AIR LINES INC | DAL | $225.4K | 2,701 | -0.01pp | 2q | +4.9%+$10.6K | |
| LOCKHEED MARTIN CORP | LMT | $222.5K | 437 | flat | 8q | -2.5%-$5.6K | |
| WARNER BROS DISCOVERY INC | WBD | $222.5K | 7,188 | - | new | NEW | |
| DEERE CO | DE | $222.3K | 331 | +0.01pp | 2q | +1.5%+$3.4K | |
| VERTIV HOLDINGS CO | VRT | $222.0K | 920 | -0.04pp | 3q | -1.4%-$3.1K | |
| AMGEN INC | AMGN | $220.4K | 523 | - | new | NEW | |
| ROYAL CARIBBEAN GROUP | RCL | $220.4K | 829 | -0.01pp | 8q | +3.0%+$6.4K | |
| SPDR SERIES TRUST | XSD | $218.2K | 412 | -0.02pp | 2q | HELD | |
| SEI EXCHANGE TRADED FUNDS | SELV | $218.2K | 6,470 | flat | 6q | +2.0%+$4.2K | |
| VANGUARD INDEX FDS | VTI | $217.4K | 581 | -0.04pp | 8q | -31.2%-$98.8K | |
| CITIGROUP INC | C | $209.8K | 1,620 | flat | 2q | +8.0%+$15.5K | |
| HUBBELL INC | HUBB | $209.6K | 462 | -0.01pp | 4q | +5.2%+$10.4K | |
| UNITED RENTALS INC | URI | $209.2K | 209 | -0.01pp | 2q | +3.0%+$6.0K | |
| CADENCE DESIGN SYSTEM INC | CDNS | $207.7K | 629 | -0.01pp | 2q | -1.6%-$3.3K | |
| VERIZON COMMUNICATIONS INC | VZ | $207.6K | 4,526 | - | new | NEW | |
| BANCO SANTANDER S.A. | SAN | $202.6K | 14,651 | +0.01pp | 8q | +19.3%+$32.7K | |
| CORNING INC | GLW | $201.7K | 1,312 | -0.02pp | 2q | +27.3%+$43.2K | |
| COCA COLA CONS INC | COKE | $200.6K | 1,060 | flat | 3q | HELD | |
| HSBC HLDGS PLC | HSBC | $200.1K | 2,015 | - | new | NEW | |
| LIFESTANCE HEALTH GROUP INC | LFST | $191.5K | 15,919 | +0.01pp | 4q | +2.5%+$4.6K | |
| LLOYDS BANKING GROUP PLC | LYG | $66.9K | 11,884 | flat | 3q | +14.0%+$8.2K |
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 | $20.2M | 7.8% |
| Semiconductors & Electronics | $16.9M | 6.6% |
| Computer Hardware | $10.1M | 3.9% |
| Capital Markets | $5.5M | 2.2% |
| Retail & Consumer | $5.4M | 2.1% |
| Industrials | $4.6M | 1.8% |
| Biotech & Pharma | $4.0M | 1.6% |
| Other sectors | $24.6M | 9.6% |
| Not classified | $165.9M | 64.5% |
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 |
|---|---|---|---|---|
| Q3 2026 | +0.9% | +2.1% | -1.2% | 100% |
| Q2 2026 | +10.2% | +14.8% | -4.6% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.7% | 100% |
| Q2 2025 | +9.7% | +10.5% | -0.8% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.1% | 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 | $257.2M | 182 | 10 | 90 | 53 | 12 | 41.7% | 27 |
| Q2 2026 | $254.6M | 184 | 24 | 58 | 68 | 6 | 39.0% | 119 |
| Q1 2026 | $224.4M | 166 | 16 | 49 | 78 | 15 | 41.1% | 210 |
| Q4 2025 | $226.6M | 165 | 7 | 79 | 54 | 10 | 40.9% | 300 |
| Q3 2025 | $221.3M | 168 | 11 | 81 | 46 | 2 | 41.3% | 392 |
| Q2 2025 | $203.3M | 159 | 9 | 39 | 101 | 8 | 40.9% | 484 |
| Q1 2025 | $187.7M | 158 | 8 | 29 | 111 | 21 | 43.0% | 575 |
| Q4 2024 | $222.9M | 171 | 0 | 0 | 0 | 0 | 41.0% | 665 |
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.