DaveManuel.com · Institutional Ownership · 13F Holdings

James T. Borello RIA

Reported holdings as of Q3 2026, from 12 quarterly filings.

CIK

2157919

Reported value

$481.8M

Positions

1,281

Top 10 weight

55.7%

Filed

2026-10-16

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
CAPITAL GROUP CORE EQUITY ET	CGUS	$44.0M	989,778	9.14%	-0.09pp	12q	+3.0%+$1.3M
SPDR SERIES TRUST	SPYG	$35.2M	285,674	7.30%	+0.40pp	12q	+6.4%+$2.1M
CAPITAL GROUP DIVIDEND VALUE	CGDV	$33.4M	684,141	6.94%	-0.20pp	12q	+1.9%+$638.6K
SPDR INDEX SHS FDS	SPDW	$30.1M	599,947	6.25%	+0.41pp	12q	+11.7%+$3.2M
SPDR SERIES TRUST	SPTM	$25.5M	277,223	5.30%	-0.20pp	12q	-1.1%-$281.5K
CAPITAL GROUP INTL FOCUS EQT	CGXU	$24.7M	721,014	5.13%	+0.03pp	12q	+5.6%+$1.3M
BERKSHIRE HATHAWAY INC DEL	BRKA	$24.7M	33	5.12%	-0.22pp	7q	HELD
SPDR SERIES TRUST	SPMD	$18.0M	285,264	3.73%	-0.09pp	12q	+8.8%+$1.5M
STATE STR SPDR S&P 500 ETF T	SPY	$16.5M	21,590	3.42%	-0.06pp	12q	HELD
T ROWE PRICE EXCHANGE-TRADED	TDVG	$16.4M	339,643	3.40%	-0.13pp	12q	+1.7%+$269.9K
CAPITAL GROUP GROWTH ETF	CGGR	$14.0M	294,628	2.90%	+0.25pp	12q	+13.1%+$1.6M
DIMENSIONAL ETF TRUST	DFAS	$13.6M	175,804	2.83%	-0.07pp	12q	+8.0%+$1.0M
T ROWE PRICE EXCHANGE-TRADED	TCAF	$12.7M	301,315	2.64%	-0.04pp	11q	HELD
T ROWE PRICE EXCHANGE-TRADED	TCHP	$10.9M	212,492	2.27%	+0.04pp	12q	+3.1%+$323.8K
FIRST TR EXCHANGE TRADED FD	RDVY	$10.8M	138,256	2.25%	+0.30pp	9q	+24.5%+$2.1M
JOHNSON & JOHNSON	JNJ	$6.4M	24,318	1.34%	+0.01pp	12q	+0.8%+$50.8K
INVESCO QQQ TR	QQQ	$6.4M	8,668	1.33%	-0.05pp	12q	HELD
FIRST TR EXCHANGE-TRADED FD	RDVI	$6.0M	215,807	1.25%	+0.25pp	9q	+37.5%+$1.6M
SPDR SERIES TRUST	SPSM	$6.0M	113,137	1.24%	-0.17pp	12q	HELD
SPDR INDEX SHS FDS	SPEM	$5.9M	114,394	1.23%	+0.02pp	12q	+6.1%+$342.9K
CAPITAL GROUP GBL GROWTH EQT	CGGO	$5.9M	147,156	1.22%	-0.10pp	12q	+2.5%+$141.8K
FIRST TR EXCHANGE-TRADED FD	AIRR	$4.6M	44,194	0.95%	-0.32pp	8q	HELD
STATE STR SPDR S&P MIDCAP 40	MDY	$4.5M	6,832	0.93%	-0.10pp	12q	HELD
SPDR SERIES TRUST	SPYV	$3.3M	54,709	0.69%	+0.15pp	12q	+33.0%+$830.0K
PACER FDS TR	COWZ	$3.2M	48,381	0.67%	+0.11pp	12q	+14.9%+$419.6K
T ROWE PRICE EXCHANGE-TRADED	TGRW	$2.9M	58,948	0.59%	-0.02pp	12q	HELD
INNOVATOR ETFS TRUST	POCT	$2.8M	57,933	0.58%	-0.05pp	12q	-6.9%-$206.3K
APPLE INC	AAPL	$2.7M	8,004	0.55%	+0.08pp	12q	+4.8%+$122.2K
T ROWE PRICE EXCHANGE-TRADED	TEQI	$2.7M	52,615	0.55%	-0.04pp	12q	-2.7%-$73.4K
AUTOZONE INC	AZO	$2.6M	935	0.55%	-0.09pp	11q	HELD
T ROWE PRICE EXCHANGE-TRADED	TMSL	$2.6M	64,808	0.55%	+0.13pp	7q	+48.0%+$855.4K
BERKSHIRE HATHAWAY INC DEL	BRKB	$2.4M	4,769	0.49%	-0.02pp	12q	+0.8%+$18.9K
AMERICAN CENTY ETF TR	AVUV	$2.3M	19,319	0.47%	-0.01pp	12q	+7.5%+$158.2K
INNOVATOR ETFS TRUST	PJUL	$2.2M	44,330	0.46%	+0.02pp	12q	+7.9%+$162.1K
INNOVATOR ETFS TRUST	PMAY	$2.0M	48,015	0.42%	-0.01pp	12q	HELD
NVIDIA CORPORATION	NVDA	$2.0M	8,675	0.41%	+0.05pp	12q	+3.8%+$72.2K
MICROSOFT CORP	MSFT	$2.0M	3,834	0.41%	+0.13pp	12q	+10.7%+$190.3K
FIRST TR EXCHANGE-TRADED FD	GRID	$2.0M	11,039	0.41%	-0.05pp	2q	HELD
ALPHABET INC	GOOG	$2.0M	5,732	0.41%	+0.05pp	12q	+23.8%+$375.9K
FORTINET INC	FTNT	$1.8M	10,334	0.38%	+0.04pp	9q	HELD
CNH INDL N V	CNH	$1.7M	130,081	0.35%	+0.03pp	11q	HELD
AUTOLIV INC	ALV	$1.5M	13,746	0.32%	-0.02pp	11q	+0.7%+$11.2K
FIRST TR EXCHANGE-TRADED FD	MISL	$1.3M	31,871	0.28%	-0.04pp	2q	HELD
INNOVATOR ETFS TRUST	PJAN	$1.3M	25,968	0.27%	flat	12q	HELD
SPDR SERIES TRUST	SPYD	$1.2M	27,148	0.26%	-0.02pp	12q	HELD
INNOVATOR ETFS TRUST	PDEC	$1.2M	25,634	0.25%	-0.01pp	12q	-3.0%-$37.4K
INNOVATOR ETFS TRUST	PNOV	$1.2M	26,454	0.25%	-0.01pp	12q	-3.2%-$40.2K
EA SERIES TRUST	BOXX	$1.2M	9,944	0.24%	-0.05pp	11q	-13.8%-$189.2K
CAPITAL GROUP CORE BALANCED	CGBL	$1.1M	30,119	0.23%	flat	12q	+8.5%+$86.7K
ALPHABET INC	GOOGL	$1.1M	3,190	0.23%	-0.02pp	12q	+1.0%+$11.4K
BANK OF NY MELLON CORP	BNY	$1.1M	7,575	0.23%	-0.01pp	11q	HELD
INNOVATOR ETFS TRUST	PMAR	$1.1M	22,135	0.22%	flat	12q	HELD
ISHARES TR	SGOV	$1.1M	10,444	0.22%	+0.11pp	5q	+103.6%+$535.1K
CISCO SYS INC	CSCO	$981.0K	9,114	0.20%	-0.03pp	11q	+1.0%+$9.4K
INNOVATOR ETFS TRUST	PJUN	$953.9K	21,686	0.20%	flat	12q	+3.9%+$35.5K
AMAZON COM INC	AMZN	$857.6K	3,442	0.18%	flat	12q	+0.8%+$6.7K
INNOVATOR ETFS TRUST	PSEP	$853.7K	18,218	0.18%	-0.05pp	12q	-19.2%-$203.2K
INNOVATOR ETFS TRUST	PFEB	$758.2K	17,213	0.16%	flat	12q	HELD
AUTOMATIC DATA PROCESSING IN	ADP	$662.7K	2,568	0.14%	+0.01pp	12q	HELD
DIMENSIONAL ETF TRUST	DFAI	$652.4K	15,747	0.14%	+0.04pp	11q	+43.0%+$196.1K
APPLIED INDL TECHNOLOGIES IN	AIT	$621.4K	1,870	0.13%	-0.01pp	11q	HELD
TOTALENERGIES SE	TTE	$605.4K	7,081	0.13%	flat	4q	-4.8%-$30.5K
MFS ACTIVE EXCHANGE TRADED F	MFSI	$583.4K	17,857	0.12%	-0.05pp	6q	-27.1%-$216.7K
EXXONMOBIL HOLDINGS CORP	XOM	$562.0K	3,453	0.12%	-	new	NEW
BROADCOM INC	AVGO	$552.1K	1,572	0.11%	-0.01pp	5q	+7.1%+$36.5K
FIRST TR EXCHANGE-TRADED FD	SDVD	$530.7K	24,617	0.11%	-0.01pp	8q	+1.2%+$6.4K
UNION PAC CORP	UNP	$525.4K	1,931	0.11%	flat	11q	HELD
META PLATFORMS INC	META	$520.7K	718	0.11%	+0.03pp	12q	+9.1%+$43.5K
INNOVATOR ETFS TRUST	PAUG	$504.1K	10,807	0.10%	+0.01pp	12q	+13.5%+$60.0K
FIRST TR EXCHANGE-TRADED FD	FTSM	$494.7K	8,313	0.10%	flat	6q	+0.8%+$3.7K
ISHARES TR	IVV	$490.1K	640	0.10%	+0.03pp	12q	+50.9%+$165.4K
NOVARTIS AG	NVS	$466.6K	3,273	0.10%	-0.02pp	11q	-8.1%-$40.9K
T ROWE PRICE EXCHANGE-TRADED	TOUS	$466.4K	12,137	0.10%	+0.02pp	7q	+31.7%+$112.2K
JPMORGAN CHASE & CO	JPM	$461.2K	1,394	0.10%	flat	7q	+5.3%+$23.2K
COCA-COLA FEMSA SAB DE CV	KOF	$445.1K	4,120	0.09%	flat	11q	HELD
FIRST TR EXCHANGE-TRADED FD	FV	$415.3K	5,658	0.09%	-0.01pp	12q	HELD
FIRST TR EXCHANGE-TRADED FD	FDL	$408.5K	8,319	0.08%	flat	12q	HELD
EMERSON ELEC CO	EMR	$404.8K	2,610	0.08%	flat	11q	+0.6%+$2.5K
INNOVATOR ETFS TRUST	PAPR	$397.3K	9,200	0.08%	flat	12q	HELD
MICRON TECHNOLOGY INC	MU	$392.0K	368	0.08%	-0.01pp	5q	+2.5%+$9.6K
ASML HLDG NV	ASML	$384.1K	212	0.08%	-0.01pp	8q	+3.9%+$14.5K
PALANTIR TECHNOLOGIES INC	PLTR	$365.7K	1,955	0.08%	+0.03pp	12q	-3.0%-$11.2K
SPDR SERIES TRUST	SPYM	$363.9K	4,054	0.08%	flat	12q	+3.2%+$11.3K
ON SEMICONDUCTOR CORP	ON	$359.3K	4,674	0.07%	-0.02pp	5q	HELD
LATTICE STRATEGIES TR	RODM	$347.4K	8,526	0.07%	flat	12q	HELD
INNOVATOR ETFS TRUST	IAPR	$346.0K	10,326	0.07%	flat	8q	HELD
UNILEVER PLC	UL	$339.4K	5,589	0.07%	flat	4q	+5.6%+$18.0K
ADVANCED MICRO DEVICES INC	AMD	$337.1K	551	0.07%	flat	9q	+3.8%+$12.2K
TESLA INC	TSLA	$332.8K	938	0.07%	-0.01pp	12q	+3.5%+$11.4K
ELI LILLY & CO	LLY	$332.1K	287	0.07%	flat	5q	+2.5%+$8.1K
EATON CORP PLC	ETN	$315.8K	735	0.07%	flat	7q	+0.5%+$1.7K
ABBVIE INC	ABBV	$311.8K	1,192	0.06%	flat	12q	+3.5%+$10.5K
3M CO	MMM	$300.6K	1,831	0.06%	flat	11q	+1.3%+$3.8K
VISA INC	V	$270.9K	754	0.06%	flat	5q	+1.8%+$4.7K
FIRST TR EXCHANGE-TRADED FD	SDVY	$270.8K	6,674	0.06%	+0.01pp	8q	+28.0%+$59.2K
AMERICAN EXPRESS CO	AXP	$253.2K	833	0.05%	-0.01pp	11q	-3.5%-$9.1K
T ROWE PRICE EXCHANGE-TRADED	TCAL	$253.2K	11,594	0.05%	-0.11pp	6q	-65.8%-$488.2K
INNOVATOR ETFS TRUST	IJUL	$249.5K	6,906	0.05%	flat	12q	HELD
ABBOTT LABORATORIES	ABT	$248.3K	2,512	0.05%	+0.04pp	5q	+265.6%+$180.4K
INNOVATOR ETFS TRUST	BFRZ	$243.3K	8,989	0.05%	-0.01pp	4q	-11.0%-$30.0K
ISHARES TR	LRGF	$239.3K	3,074	0.05%	flat	6q	HELD
INNOVATOR ETFS TRUST	IFEB	$238.9K	7,610	0.05%	flat	7q	HELD
GLOBAL X FDS	CATH	$236.7K	2,610	0.05%	flat	12q	HELD
ISHARES TR	IJH	$234.4K	3,258	0.05%	-0.01pp	12q	-3.5%-$8.4K
INNOVATOR ETFS TRUST	IJAN	$228.0K	5,935	0.05%	flat	12q	HELD
INNOVATOR ETFS TRUST	KOCT	$223.2K	5,919	0.05%	flat	8q	HELD
ORACLE CORP	ORCL	$222.0K	1,617	0.05%	+0.02pp	5q	+66.5%+$88.7K
RYDER SYS INC	R	$218.8K	960	0.05%	-0.01pp	4q	HELD
INTEL CORP	INTC	$218.3K	1,816	0.05%	-0.01pp	12q	+2.1%+$4.4K
ISHARES TR	INTF	$212.9K	5,130	0.04%	flat	6q	HELD
WEC ENERGY GROUP INC	WEC	$203.7K	2,021	0.04%	-0.01pp	12q	-2.6%-$5.3K
T ROWE PRICE EXCHANGE-TRADED	TSPA	$201.0K	4,164	0.04%	flat	4q	HELD
WISDOMTREE TR	DGRW	$200.2K	2,059	0.04%	flat	6q	HELD
SPDR SERIES TRUST	SPIB	$197.9K	6,132	0.04%	flat	12q	+0.6%+$1.3K
MASTERCARD INCORPORATED	MA	$192.5K	349	0.04%	+0.01pp	12q	+12.2%+$21.0K
GE VERNOVA INC	GEV	$185.3K	195	0.04%	-0.01pp	10q	HELD
CAPITAL ONE FINL CORP	COF	$183.6K	951	0.04%	flat	6q	+3.9%+$7.0K
SPDR SERIES TRUST	SPTL	$181.6K	7,616	0.04%	-0.01pp	7q	HELD
ISHARES BITCOIN TRUST ETF	IBIT	$177.3K	3,746	0.04%	+0.01pp	11q	HELD
HSBC HLDGS PLC	HSBC	$176.8K	1,780	0.04%	flat	4q	HELD
LATTICE STRATEGIES ETF	ROUS	$176.0K	2,650	0.04%	flat	12q	HELD
VANGUARD INDEX FDS	VOO	$172.9K	247	0.04%	flat	12q	HELD
HARTFORD FDS EXCHANGE TRADED	HFGO	$166.6K	5,509	0.03%	flat	4q	-4.1%-$7.2K
CATERPILLAR INC	CAT	$164.6K	203	0.03%	-0.01pp	5q	+1.5%+$2.4K
FIRST TR EXCHNG TRADED FD VI	MAYM	$162.6K	4,887	0.03%	flat	4q	HELD
GE AEROSPACE	GE	$162.1K	519	0.03%	flat	12q	+10.4%+$15.3K
ROCKWELL AUTOMATION INC	ROK	$158.9K	365	0.03%	-0.01pp	12q	HELD
SPDR SERIES TRUST	BILS	$157.7K	1,587	0.03%	flat	7q	HELD
ISHARES INC	IEMG	$155.3K	1,913	0.03%	flat	12q	HELD
INNOVATOR ETFS TRUST	IOCT	$154.7K	4,095	0.03%	flat	12q	HELD
BANK OF AMER CORP	BAC	$149.3K	2,743	0.03%	flat	12q	+15.2%+$19.7K
SPDR SERIES TRUST	SPTI	$149.1K	5,467	0.03%	flat	8q	+1.6%+$2.3K
DIAGEO PLC	DEO	$147.4K	1,722	0.03%	flat	11q	HELD
COSTCO WHOLESALE CORPORATION	COST	$145.7K	160	0.03%	-0.01pp	6q	-15.8%-$27.3K
APPLIED MATLS INC	AMAT	$143.7K	281	0.03%	-0.01pp	5q	+5.2%+$7.2K
RTX CORPORATION	RTX	$143.3K	772	0.03%	flat	12q	+5.2%+$7.1K
BHP BILLITON LIMITED	BHP	$142.0K	1,674	0.03%	flat	4q	+16.5%+$20.1K
SHELL PLC	SHEL	$139.8K	1,471	0.03%	+0.01pp	5q	+34.7%+$36.0K
PALO ALTO NETWORKS INC	PANW	$139.1K	350	0.03%	flat	5q	+0.6%
MITSUBISHI UFJ FINANCIAL GRO	MUFG	$136.9K	5,936	0.03%	flat	4q	HELD
LAM RESEARCH CORP	LRCX	$136.3K	415	0.03%	-0.01pp	5q	-2.1%-$3.0K
ISHARES TR	IWM	$135.9K	489	0.03%	flat	12q	HELD
FIRST TR EXCHANGE-TRADED FD	FTHI	$135.8K	5,756	0.03%	-	new	NEW
CAPITAL GROUP EQUITY ETF TR	CGMM	$134.4K	4,341	0.03%	-	new	NEW
PEPSICO INC	PEP	$131.3K	1,036	0.03%	flat	12q	+3.7%+$4.7K
ASTRAZENECA PLC	AZN	$130.3K	807	0.03%	flat	3q	+32.7%+$32.1K
COCA COLA CO	KO	$129.7K	1,507	0.03%	flat	5q	+15.3%+$17.2K
WALMART INC	WMT	$129.5K	1,246	0.03%	-0.01pp	6q	-12.1%-$17.8K
FIRST TR EXCHNG TRADED FD VI	JUNM	$128.8K	3,636	0.03%	flat	6q	HELD
STARBUCKS CORP	SBUX	$126.8K	1,349	0.03%	flat	12q	-1.5%-$2.0K
ISHARES TR	IEFA	$126.2K	1,303	0.03%	flat	12q	+4.6%+$5.5K
INNOVATOR ETFS TRUST	EOCT	$125.7K	3,552	0.03%	flat	8q	HELD
SPDR SERIES TRUST	SPSB	$123.7K	4,180	0.03%	flat	12q	HELD
FIRST TR EXCHANGE-TRADED FD	FTCS	$121.9K	1,299	0.03%	-	new	NEW
ELEVANCE HEALTH INC FORMERLY	ELV	$120.5K	310	0.03%	flat	7q	HELD
VANGUARD INDEX FDS	VTI	$119.0K	318	0.02%	flat	8q	HELD
INNOVATOR ETFS TRUST	NOCT	$117.6K	1,824	0.02%	flat	8q	HELD
SAP SE	SAP	$115.5K	554	0.02%	+0.01pp	4q	+45.4%+$36.1K
SPDR SERIES TRUST	SLYG	$114.9K	1,074	0.02%	flat	12q	HELD
MCDONALDS CORP	MCD	$112.8K	488	0.02%	-0.02pp	10q	-28.6%-$45.1K
ISHARES INC	EMXC	$112.5K	1,135	0.02%	flat	6q	HELD
CHEVRON CORPORATION	CVX	$109.7K	537	0.02%	flat	5q	-5.1%-$5.9K
PHILIP MORRIS INTL INC	PM	$108.8K	570	0.02%	flat	5q	+7.5%+$7.6K
BANCO SANTANDER S.A.	SAN	$105.2K	7,609	0.02%	flat	4q	HELD
MERCK & CO INC	MRK	$104.9K	722	0.02%	flat	5q	+5.4%+$5.4K
NETFLIX INC.	NFLX	$104.9K	1,507	0.02%	flat	12q	+31.3%+$25.0K
MORGAN STANLEY	MS	$104.4K	555	0.02%	flat	5q	+9.5%+$9.0K
UNITEDHEALTH GROUP INC	UNH	$104.3K	284	0.02%	flat	6q	+3.6%+$3.7K
NORTHROP GRUMMAN CORP	NOC	$102.0K	211	0.02%	flat	5q	+6.6%+$6.3K
SCHWAB STRATEGIC TR	SCHX	$100.8K	3,361	0.02%	flat	6q	+29.0%+$22.6K
SPDR SERIES TRUST	MDYG	$100.3K	960	0.02%	flat	12q	HELD
ISHARES TR	IJR	$100.3K	737	0.02%	flat	12q	HELD
GOLDMAN SACHS GROUP INC	GS	$98.1K	109	0.02%	flat	5q	+14.7%+$12.6K
CROWDSTRIKE HLDGS INC	CRWD	$97.7K	369	0.02%	+0.01pp	12q	+2.5%+$2.4K
Rio Tinto PLC	RIO	$96.5K	1,025	0.02%	flat	7q	-10.7%-$11.6K
PROCTER & GAMBLE CO	PG	$96.2K	662	0.02%	flat	6q	+33.5%+$24.1K
AT&T INC	T	$95.9K	3,930	0.02%	+0.01pp	6q	+91.8%+$45.9K
AMERICAN CENTY ETF TR	AVXC	$95.7K	1,165	0.02%	flat	6q	HELD
ILLINOIS TOOL WKS INC	ITW	$95.2K	370	0.02%	flat	12q	+4.2%+$3.9K
INNOVATOR ETFS TRUST	IMAY	$95.2K	2,986	0.02%	flat	2q	HELD
MFS ACTIVE EXCHANGE TRADED F	MFSG	$92.9K	3,038	0.02%	-0.06pp	6q	-74.5%-$271.3K
INNOVATOR ETFS TRUST	NJAN	$92.4K	1,522	0.02%	flat	7q	HELD
KLA CORP	KLAC	$91.6K	470	0.02%	-0.01pp	5q	+4.7%+$4.1K
SPDR GOLD TR	GLD	$91.0K	239	0.02%	flat	5q	HELD
VANGUARD WHITEHALL FDS	VYM	$90.6K	584	0.02%	+0.02pp	2q	+734.3%+$79.8K
UBS GROUP AG	UBS	$89.6K	1,862	0.02%	flat	5q	HELD
VERIZON COMMUNICATIONS INC	VZ	$86.6K	1,889	0.02%	flat	12q	-13.9%-$14.0K
SUMITOMO MITSUI FIN GRP INC	SMFG	$86.5K	3,338	0.02%	flat	4q	HELD
ISHARES TR	SMLF	$86.5K	1,035	0.02%	flat	6q	HELD
TOYOTA MOTOR CORP	TM	$84.2K	460	0.02%	flat	4q	-7.1%-$6.4K
TEXAS INSTRS INC	TXN	$82.9K	296	0.02%	flat	5q	HELD
SCHWAB STRATEGIC TR	SCHD	$82.0K	2,522	0.02%	flat	12q	HELD
CITIGROUP INC	C	$80.9K	625	0.02%	flat	5q	+5.6%+$4.3K
SANDISK CORP	SNDK	$80.0K	46	0.02%	-0.01pp	4q	-2.1%-$1.7K
BANCO BILBAO VIZCAYA ARGENTA	BBVA	$79.6K	2,857	0.02%	flat	4q	HELD
BROADRIDGE FINL SOLUTIONS IN	BR	$79.4K	493	0.02%	flat	12q	HELD
SONY GROUP CORP	SONY	$79.0K	3,357	0.02%	flat	5q	+9.1%+$6.6K
AMGEN INC	AMGN	$78.0K	185	0.02%	flat	5q	+3.9%+$3.0K
VANECK ETF TRUST	GDX	$77.8K	886	0.02%	flat	6q	HELD
INTERNATIONAL BUSINESS MACHS	IBM	$77.4K	352	0.02%	-0.01pp	12q	-14.4%-$13.0K
CDW CORP	CDW	$75.4K	588	0.02%	flat	9q	HELD
MIZUHO FINANCIAL GROUP INC	MFG	$74.7K	6,758	0.02%	flat	4q	HELD
MARVELL TECHNOLOGY INC	MRVL	$74.0K	280	0.02%	flat	5q	HELD
AMERICAN ELEC PWR CO INC	AEP	$73.9K	623	0.02%	flat	7q	-6.3%-$5.0K
FIRST TR EXCHANGE-TRADED FD	DOGG	$73.5K	3,504	0.02%	flat	7q	HELD
LINDE PLC	LIN	$72.6K	153	0.02%	flat	5q	-5.6%-$4.3K
TJX COS INC NEW	TJX	$72.4K	547	0.02%	flat	5q	+33.1%+$18.0K
ANALOG DEVICES INC	ADI	$71.8K	181	0.01%	flat	5q	+4.0%+$2.8K
FIRST TR EXCHNG TRADED FD VI	BUFR	$69.6K	1,858	0.01%	flat	3q	HELD
PACER FDS TR	PALC	$69.1K	1,284	0.01%	-	new	NEW
WELLS FARGO & CO	WFC	$68.4K	855	0.01%	flat	5q	+2.6%+$1.8K
ISHARES TR	EEM	$67.5K	1,010	0.01%	flat	12q	HELD
FIRST TR EXCHANGE TRADED FD	CIBR	$66.8K	648	0.01%	flat	12q	HELD
SOUTHERN CO	SO	$66.7K	805	0.01%	flat	7q	-7.2%-$5.1K
DISNEY WALT CO	DIS	$65.8K	627	0.01%	flat	12q	+2.5%+$1.6K
AMPHENOL CORP	APH	$63.4K	752	0.01%	flat	5q	+0.5%
BLACKROCK INC	BLK	$62.4K	59	0.01%	flat	5q	+11.3%+$6.3K
ARISTA NETWORKS INC	ANET	$60.1K	295	0.01%	flat	5q	HELD
GSK PLC	GSK	$59.8K	1,242	0.01%	flat	4q	-9.1%-$6.0K
QUALCOMM INC	QCOM	$58.5K	318	0.01%	flat	5q	+8.2%+$4.4K
WELLTOWER INC	WELL	$57.8K	251	0.01%	flat	5q	+1.2%
GILEAD SCIENCES INC	GILD	$56.9K	382	0.01%	flat	5q	+13.0%+$6.6K
THERMO FISHER SCIENTIFIC INC	TMO	$56.7K	84	0.01%	flat	5q	+13.5%+$6.8K
SERVICENOW INC	NOW	$56.3K	420	0.01%	flat	5q	+2.2%+$1.2K
NOVO-NORDISK A S	NVO	$56.3K	1,484	0.01%	-0.01pp	4q	-9.2%-$5.7K
PFIZER INC	PFE	$56.2K	1,970	0.01%	flat	12q	+3.0%+$1.7K
BROOKFIELD INFRASTRUCTURE PA	BIP	$56.0K	1,575	0.01%	flat	7q	HELD
ING GROEP N.V.	ING	$56.0K	1,577	0.01%	flat	4q	HELD
FORD MTR CO	F	$55.5K	4,598	0.01%	flat	12q	HELD
HOME DEPOT INC	HD	$55.2K	194	0.01%	-0.01pp	5q	-20.5%-$14.2K
BP PLC	BP	$54.9K	1,249	0.01%	flat	4q	+0.9%
ENTERPRISE PRODS PARTNERS L	EPD	$54.2K	1,523	0.01%	flat	7q	HELD
DELL TECHNOLOGIES INC	DELL	$53.8K	100	0.01%	flat	5q	+4.2%+$2.2K
ISHARES TR	IWS	$53.5K	333	0.01%	-	new	NEW
ARK ETF TR	ARKF	$53.2K	1,169	0.01%	flat	6q	HELD
BRITISH AMERN TOB PLC	BTI	$53.2K	978	0.01%	flat	4q	-6.9%-$3.9K
SALESFORCE INC	CRM	$53.0K	231	0.01%	flat	6q	-16.9%-$10.8K
ORIX CORP	IX	$53.0K	1,405	0.01%	flat	4q	HELD
INNOVATOR ETFS TRUST	DDFS	$52.9K	2,373	0.01%	flat	4q	HELD
BARCLAYS PLC	BCS	$52.8K	2,176	0.01%	flat	5q	HELD
SEAGATE TECHNOLOGY HLDNGS PL	STX	$52.6K	57	0.01%	flat	6q	+1.8%
SPDR SERIES TRUST	SLYV	$52.5K	514	0.01%	flat	12q	HELD
SPDR SERIES TRUST	CWB	$52.4K	518	0.01%	flat	3q	HELD
SOUTHWEST AIRLS CO	LUV	$52.3K	1,255	0.01%	flat	12q	-2.0%-$1.0K
NEXTERA ENERGY INC	NEE	$50.6K	668	0.01%	flat	6q	+47.8%+$16.4K
VERTEX PHARMACEUTICALS INC	VRTX	$50.2K	96	0.01%	flat	5q	HELD
CONOCOPHILLIPS	COP	$50.1K	400	0.01%	flat	5q	-6.1%-$3.3K
WESTERN DIGITAL CORP	WDC	$50.0K	110	0.01%	-0.01pp	5q	-5.2%-$2.7K
DEERE CO	DE	$49.0K	73	0.01%	flat	5q	HELD
SCHWAB STRATEGIC TR	SCHA	$48.7K	1,494	0.01%	flat	6q	HELD
WISDOMTREE TR	XC	$48.7K	1,596	0.01%	flat	6q	HELD
OKTA INC	OKTA	$48.1K	230	0.01%	flat	5q	HELD
ARK ETF TR	ARKG	$46.9K	865	0.01%	flat	6q	HELD
TRANE TECHNOLOGIES PLC	TT	$46.1K	102	0.01%	flat	5q	+41.7%+$13.6K
SOLVENTUM CORP	SOLV	$46.0K	522	0.01%	flat	10q	HELD
GLOBAL X FDS	SNSR	$45.8K	937	0.01%	flat	6q	HELD
ANHEUSER BUSCH INBEV SA/NV	BUD	$45.7K	622	0.01%	flat	4q	-4.2%-$2.0K
CORNING INC	GLW	$45.1K	293	0.01%	-0.01pp	5q	HELD
PARKER HANNIFIN CORP	PH	$44.9K	47	0.01%	flat	5q	+4.4%+$1.9K
GLOBAL X FDS	BOTZ	$44.6K	1,265	0.01%	flat	6q	HELD
CVS HEALTH CORP	CVS	$44.3K	517	0.01%	flat	5q	+3.4%+$1.5K
TAKEDA PHARMACEUTICAL CO LTD	TAK	$43.4K	2,385	0.01%	flat	4q	HELD
ISHARES TR	ITA	$43.3K	209	0.01%	flat	12q	HELD
INTUITIVE SURGICAL INC	ISRG	$43.1K	106	0.01%	flat	5q	+63.1%+$16.7K
AGILENT TECHNOLOGIES INC	A	$42.7K	248	0.01%	flat	5q	HELD
ROSS STORES INC	ROST	$42.5K	182	0.01%	flat	5q	+4.6%+$1.9K
SANOFI SA	SNY	$41.9K	1,016	0.01%	flat	4q	HELD
ATLASSIAN CORPORATION	TEAM	$41.6K	232	0.01%	flat	5q	-1.3%
COLGATE PALMOLIVE CO	CL	$41.6K	487	0.01%	flat	9q	+4.5%+$1.8K
MEDTRONIC PLC	MDT	$41.5K	481	0.01%	flat	5q	+15.1%+$5.4K
VALERO ENERGY CORP	VLO	$41.5K	107	0.01%	flat	5q	-0.9%
CAPITAL GROUP INTERNATIONAL	CGIC	$41.3K	1,149	0.01%	-	new	NEW
LLOYDS BANKING GROUP PLC	LYG	$40.7K	7,221	0.01%	flat	4q	HELD
UBER TECHNOLOGIES INC	UBER	$40.1K	585	0.01%	flat	5q	+2.5%
PROLOGIS INC.	PLD	$40.0K	308	0.01%	flat	5q	-12.7%-$5.8K
SPOTIFY TECHNOLOGY S A	SPOT	$40.0K	82	0.01%	flat	5q	-27.4%-$15.1K
SELECT SECTOR SPDR TR	XLK	$39.9K	204	0.01%	flat	12q	HELD
BLACKSTONE INC	BX	$39.8K	355	0.01%	flat	5q	-0.6%
SNOWFLAKE INC	SNOW	$39.7K	117	0.01%	flat	5q	+2.6%+$1.0K
DTE ENERGY CO	DTE	$39.7K	326	0.01%	flat	5q	+18.1%+$6.1K
MARATHON PETE CORP	MPC	$39.5K	100	0.01%	flat	5q	HELD
QUANTA SVCS INC	PWR	$39.2K	61	0.01%	flat	5q	-1.6%
CLOUDFLARE INC	NET	$38.2K	110	0.01%	flat	5q	-1.8%
NEWMONT CORP	NEM	$38.2K	331	0.01%	flat	5q	+29.8%+$8.8K
US BANCORP	USB	$38.1K	660	0.01%	flat	5q	-2.2%
NATWEST GROUP PLC	NWG	$38.0K	2,092	0.01%	flat	4q	HELD
WISDOMTREE TR	WCLD	$38.0K	935	0.01%	flat	6q	HELD
ETF SER SOLUTIONS	QTUM	$37.1K	245	0.01%	flat	12q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$37.1K	595	0.01%	flat	5q	+9.8%+$3.3K
SPACE EXPLORATION TECHN CORP	SPCX	$37.1K	246	0.01%	flat	2q	+41.4%+$10.9K
SPDR INDEX SHS FDS	FEZ	$36.7K	545	0.01%	flat	12q	HELD
CAPITAL GROUP NEW GEOGRAPHY	CGNG	$36.3K	996	0.01%	-	new	NEW
S&P GLOBAL INC	SPGI	$36.3K	92	0.01%	flat	5q	-2.1%
HOWMET AEROSPACE INC	HWM	$36.2K	160	0.01%	flat	5q	-23.1%-$10.9K
KKR & CO INC	KKR	$36.2K	396	0.01%	flat	5q	+0.8%
SCHWAB STRATEGIC TR	SCHC	$36.0K	723	0.01%	flat	6q	HELD
PACCAR INC	PCAR	$35.5K	323	0.01%	flat	5q	+0.9%
LOCKHEED MARTIN CORP	LMT	$35.1K	69	0.01%	flat	5q	-4.2%-$1.5K
DEUTSCHE BK AG	DB	$35.1K	978	0.01%	flat	4q	HELD
MANULIFE FINL CORP	MFC	$35.0K	821	0.01%	flat	12q	HELD
INNOVATOR ETFS TRUST	UAUG	$34.9K	812	0.01%	flat	12q	HELD
DUKE ENERGY CORP NEW	DUK	$34.5K	303	0.01%	flat	6q	+7.8%+$2.5K
PHILLIPS 66	PSX	$34.5K	135	0.01%	flat	6q	HELD
SCHWAB STRATEGIC TR	SCHM	$34.1K	1,002	0.01%	flat	6q	HELD
PROGRESSIVE CORP	PGR	$34.0K	164	0.01%	flat	5q	+10.8%+$3.3K
MARSH & MCLENNAN COS INC	MRSH	$33.8K	198	0.01%	flat	5q	+26.1%+$7.0K
CARDINAL HEALTH INC	CAH	$33.6K	151	0.01%	flat	12q	HELD
WISDOMTREE TR	DTD	$33.4K	358	0.01%	-	new	NEW
EQUINIX INC	EQIX	$33.4K	33	0.01%	flat	5q	-5.7%-$2.0K
REGENERON PHARMACEUTICALS	REGN	$33.4K	44	0.01%	flat	5q	-2.2%
COMCAST CORP NEW	CMCSA	$33.3K	1,529	0.01%	flat	12q	+8.4%+$2.6K
NATIONAL GRID PLC	NGG	$32.8K	433	0.01%	flat	4q	+50.3%+$11.0K
HILTON WORLDWIDE HLDGS INC	HLT	$32.8K	103	0.01%	flat	5q	-2.8%
VERTIV HOLDINGS CO	VRT	$32.6K	135	0.01%	flat	5q	+4.7%+$1.4K
EDWARDS LIFESCIENCES CORP	EW	$32.5K	377	0.01%	flat	6q	+0.5%
INNOVATOR ETFS TRUST	IJUN	$32.5K	1,040	0.01%	flat	2q	HELD
JOHNSON CONTROLS INTERNATION	JCI	$32.1K	216	0.01%	flat	5q	+6.4%+$1.9K
CARRIER GLOBAL CORPORATION	CARR	$32.0K	583	0.01%	flat	12q	-6.3%-$2.1K
WOODSIDE ENERGY GROUP LTD	WDS	$31.9K	1,441	0.01%	flat	4q	+77.7%+$14.0K
VANGUARD STAR FDS	VXUS	$31.9K	375	0.01%	flat	12q	HELD
INTERCONTINENTAL EXCHANGE IN	ICE	$31.8K	209	0.01%	flat	5q	+143.0%+$18.7K
DOORDASH INC	DASH	$31.6K	172	0.01%	flat	5q	+6.8%+$2.0K
MCKESSON CORP	MCK	$30.7K	36	0.01%	flat	5q	+5.9%+$1.7K
ARGENX SE	ARGX	$30.7K	32	0.01%	flat	3q	HELD
ACCENTURE PLC IRELAND	ACN	$30.6K	167	0.01%	flat	7q	-21.2%-$8.3K
CHENIERE ENERGY INC	LNG	$30.4K	113	0.01%	flat	9q	+1.8%
CHUBB LIMITED	CB	$30.2K	93	0.01%	flat	5q	+25.7%+$6.2K
INTUIT	INTU	$29.8K	108	0.01%	flat	11q	+350.0%+$23.2K
FIRST TR EXCHANGE-TRADED FD	FIW	$29.6K	285	0.01%	flat	6q	HELD
ROBINHOOD MKTS INC	HOOD	$29.5K	262	0.01%	flat	5q	+21.9%+$5.3K
STATE STR CORP	STT	$29.2K	167	0.01%	flat	5q	+0.6%
TRAVELERS COMPANIES INC	TRV	$28.9K	81	0.01%	flat	5q	-3.6%-$1.1K
BOOKING HOLDINGS INC	BKNG	$28.5K	175	0.01%	flat	5q	-13.8%-$4.6K
CINTAS CORP	CTAS	$28.5K	146	0.01%	flat	5q	+0.7%
SPDR SERIES TRUST	SPLB	$28.2K	1,385	0.01%	flat	12q	HELD
GENERAL DYNAMICS CORP	GD	$28.2K	85	0.01%	flat	5q	HELD
INNOVATOR ETFS TRUST	DDTS	$28.1K	1,222	0.01%	flat	4q	HELD
ENI S P A	E	$27.9K	513	0.01%	flat	4q	-20.0%-$7.0K
WISDOMTREE TR	EZM	$27.7K	387	0.01%	flat	6q	HELD
BOEING CO	BA	$27.7K	149	0.01%	-0.01pp	12q	-38.2%-$17.1K
MOTOROLA SOLUTIONS INC	MSI	$27.7K	62	0.01%	flat	12q	+19.2%+$4.5K
CANARY XRP ETF	XRPC	$27.6K	1,750	0.01%	flat	4q	HELD
ALTRIA GROUP INC	MO	$27.3K	406	0.01%	flat	6q	-18.8%-$6.3K
BAKER HUGHES COMPANY	BKR	$27.3K	497	0.01%	flat	5q	+40.0%+$7.8K
SHERWIN WILLIAMS CO	SHW	$27.2K	84	0.01%	flat	5q	+18.3%+$4.2K
ISHARES TR	IGSB	$27.1K	529	0.01%	flat	6q	HELD
APPLOVIN CORP	APP	$27.0K	93	0.01%	flat	5q	+12.0%+$2.9K
PUBLIC SVC ENTERPRISE GROUP	PEG	$26.9K	400	0.01%	flat	5q	+292.2%+$20.1K
WILLIAMS COS INC	WMB	$26.8K	395	0.01%	flat	5q	-17.0%-$5.5K
FIFTH THIRD BANCORP	FITB	$26.8K	529	0.01%	flat	5q	-0.8%
EBAY INC.	EBAY	$26.6K	251	0.01%	flat	5q	HELD
KEYSIGHT TECHNOLOGIES INC	KEYS	$26.6K	73	0.01%	flat	5q	+12.3%+$2.9K
HALEON PLC	HLN	$26.6K	2,950	0.01%	flat	4q	-21.8%-$7.4K
VEEVA SYS INC	VEEV	$26.5K	93	0.01%	flat	5q	-1.1%
VANGUARD INDEX FDS	VB	$26.5K	93	0.01%	-	new	NEW
NOKIA CORP	NOK	$26.3K	2,589	0.01%	flat	4q	HELD
TARGET CORP	TGT	$26.0K	166	0.01%	flat	6q	+2.5%
XCEL ENERGY INC	XEL	$25.9K	367	0.01%	flat	5q	+59.6%+$9.7K
NEBIUS GROUP N.V.	NBIS	$25.7K	109	0.01%	flat	4q	HELD
SIMON PPTY GROUP INC NEW	SPG	$25.7K	128	0.01%	flat	5q	+32.0%+$6.2K
HONDA MOTOR CO LTD	HMC	$25.5K	807	0.01%	flat	4q	HELD
VIATRIS INC	VTRS	$25.5K	1,438	0.01%	flat	5q	HELD
DATADOG INC	DDOG	$25.5K	93	0.01%	flat	5q	-4.1%-$1.1K
LUMENTUM HLDGS INC	LITE	$25.3K	26	0.01%	flat	4q	-13.3%-$3.9K
PNC FINL SVCS GROUP INC	PNC	$25.1K	113	0.01%	flat	5q	+7.6%+$1.8K
AIRBNB INC	ABNB	$25.1K	156	0.01%	flat	5q	+2.0%
REVOLUTION MEDICINES INC	RVMD	$25.0K	122	0.01%	flat	5q	-8.3%-$2.3K
FREEPORT-MCMORAN INC	FCX	$24.9K	355	0.01%	flat	5q	-23.2%-$7.5K
COMFORT SYS USA INC	FIX	$24.8K	15	0.01%	flat	5q	-6.2%-$1.7K
GENERAL MTRS CO	GM	$24.7K	321	0.01%	flat	5q	-5.0%-$1.3K
MONDELEZ INTL INC	MDLZ	$24.6K	426	0.01%	flat	12q	HELD
TEVA PHARMACEUTICAL INDS LTD	TEVA	$24.5K	619	0.01%	-	new	NEW
COPART INC	CPRT	$24.5K	897	0.01%	flat	5q	+1323.8%+$22.8K
FERRARI N V	RACE	$24.4K	62	0.01%	flat	3q	HELD
THE TRADE DESK INC	TTD	$24.3K	2,000	0.01%	flat	7q	-11.9%-$3.3K
TRUIST FINL CORP	TFC	$24.2K	522	0.01%	flat	5q	-2.4%
CSX CORP	CSX	$24.0K	517	0.00%	flat	5q	+1.4%
SPDR SERIES TRUST	SPHY	$23.8K	1,055	0.00%	flat	12q	HELD
BLOOM ENERGY CORP	BE	$23.8K	86	0.00%	flat	5q	+1.2%
OLD DOMINION FREIGHT LINE IN	ODFL	$23.8K	137	0.00%	flat	5q	-16.5%-$4.7K
CITIZENS FINL GROUP INC	CFG	$23.6K	370	0.00%	flat	5q	-0.5%
SPDR SERIES TRUST	SDY	$23.6K	161	0.00%	flat	9q	HELD
AMERICAN TOWER CORP	AMT	$23.6K	144	0.00%	flat	5q	+18.0%+$3.6K
AIR PRODUCTS AND CHEMICALS I	APD	$23.4K	84	0.00%	flat	6q	-6.7%-$1.7K
SEA LTD	SE	$23.4K	240	0.00%	flat	3q	HELD
FLEX LTD	FLEX	$23.2K	211	0.00%	flat	5q	HELD
PUBLIC STORAGE	PSA	$23.2K	82	0.00%	flat	5q	+7.9%+$1.7K
ASTERA LABS INC	ALAB	$23.1K	65	0.00%	flat	5q	+1.6%
MAGNUM ICE CREAM CO NV	MICC	$23.0K	1,294	0.00%	flat	4q	HELD
GOLDMAN SACHS ETF TR	GSIE	$22.9K	500	0.00%	flat	6q	HELD
GEN DIGITAL INC	GEN	$22.9K	1,038	0.00%	flat	5q	-1.1%
DANAHER CORP DEL	DHR	$22.8K	103	0.00%	flat	5q	+30.4%+$5.3K
MOODYS CORP	MCO	$22.7K	50	0.00%	flat	5q	-3.8%
COCA-COLA EUROPACIFIC PARTNE	CCEP	$22.7K	223	0.00%	flat	4q	HELD
GALLAGHER ARTHUR J CO	AJG	$22.6K	99	0.00%	flat	5q	+41.4%+$6.6K
HEWLETT PACKARD ENTERPRISE C	HPE	$22.6K	353	0.00%	flat	5q	+4.4%
RELX PLC	RELX	$22.3K	671	0.00%	flat	4q	+224.2%+$15.4K
PPG INDS INC	PPG	$22.1K	212	0.00%	flat	5q	+5.5%+$1.1K
TWILIO INC	TWLO	$21.9K	75	0.00%	flat	5q	-1.3%
NATERA INC	NTRA	$21.9K	53	0.00%	flat	5q	-3.6%

Showing the largest 400 of 1,281 positions.

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
Insurance	$27.7M	5.8%
Funds & ETFs	$21.0M	4.4%
Biotech & Pharma	$9.0M	1.9%
Software & IT Services	$7.9M	1.6%
Other sectors	$37.7M	7.8%
Not classified	$378.5M	78.6%

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	-0.6%	+2.1%	-2.7%	100%
Q2 2026	+13.3%	+14.8%	-1.6%	100%
Q1 2026	-2.7%	-4.6%	+2.0%	100%
Q4 2025	+1.6%	+2.4%	-0.8%	100%
Q3 2025	+6.0%	+7.8%	-1.9%	100%
Q2 2025	+7.3%	+10.5%	-3.2%	100%
Q1 2025	-2.7%	-4.6%	+1.8%	100%
Q4 2024	-0.6%	+2.1%	-2.8%	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	$481.8M	1,281	140	379	356	67	55.7%	16
Q2 2026	$463.1M	1,208	108	461	325	103	55.9%	108
Q1 2026	$395.1M	1,203	144	601	194	57	57.0%	199
Q4 2025	$388.0M	1,116	239	480	229	95	58.9%	289
Q3 2025	$369.5M	972	698	126	29	17	59.4%	381
Q2 2025	$343.2M	291	70	41	20	1	59.2%	473
Q1 2025	$311.7M	222	33	42	15	11	60.2%	564
Q4 2024	$268.3M	200	19	34	17	4	58.3%	654
Q3 2024	$246.1M	185	14	34	21	5	62.2%	746
Q2 2024	$225.8M	176	4	33	13	2	64.8%	838
Q1 2024	$219.5M	174	24	30	14	3	65.6%	929
Q4 2023	$122.6M	153	0	0	0	0	70.1%	1,020

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.