DaveManuel.com · Institutional Ownership · 13F Holdings

FIRST HORIZON CORP

Reported holdings as of Q3 2026, from 9 quarterly filings.

CIK

36966

Reported value

$2.6B

Positions

1,514

Top 10 weight

22.6%

Filed

2026-10-26

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
APPLE INC	AAPL	$84.7M	254,270	3.23%	+0.36pp	9q	-1.4%-$1.2M
STATE STR SPDR S&P 500 ETF T	SPY	$81.3M	106,644	3.10%	+0.02pp	9q	HELD
MICROSOFT CORP	MSFT	$66.3M	129,247	2.53%	+0.67pp	9q	HELD
ISHARES TR	EFA	$63.3M	608,836	2.41%	-0.02pp	9q	HELD
VANGUARD INDEX FDS	VUG	$56.0M	621,798	2.14%	+0.11pp	9q	+1.9%+$1.1M
CISCO SYS INC	CSCO	$52.6M	488,263	2.00%	-0.23pp	9q	-1.0%-$526.7K
ISHARES TR	IVV	$51.0M	66,591	1.94%	+0.16pp	9q	+7.4%+$3.5M
JPMORGAN CHASE & CO	JPM	$50.6M	152,941	1.93%	flat	9q	HELD
SELECT SECTOR SPDR TR	XLK	$44.2M	226,030	1.69%	+0.02pp	9q	-0.7%-$325.5K
ISHARES TR	IWF	$41.8M	333,844	1.59%	-0.02pp	9q	-1.2%-$519.0K
BROADCOM INC	AVGO	$37.7M	107,269	1.44%	-0.13pp	9q	HELD
ISHARES TR	IJH	$37.6M	523,017	1.43%	-0.08pp	9q	+2.6%+$937.4K
JOHNSON & JOHNSON	JNJ	$37.4M	141,149	1.42%	+0.04pp	9q	HELD
ALPHABET INC	GOOG	$36.3M	106,434	1.38%	-0.09pp	9q	-1.5%-$548.6K
VANGUARD INTL EQUITY INDEX F	VEU	$32.7M	394,483	1.25%	-0.01pp	9q	+1.4%+$466.8K
VANGUARD INDEX FDS	VO	$30.9M	393,547	1.18%	+0.06pp	9q	+8.9%+$2.5M
NVIDIA CORPORATION	NVDA	$30.7M	134,510	1.17%	+0.13pp	9q	HELD
ISHARES TR	IWD	$30.7M	123,900	1.17%	+0.03pp	9q	+1.4%+$417.8K
ISHARES TR	IWM	$30.5M	109,770	1.16%	-0.06pp	9q	+4.1%+$1.2M
EXXONMOBIL HOLDINGS CORP	XOM	$28.4M	174,294	1.08%	-	new	NEW
INTERNATIONAL BUSINESS MACHS	IBM	$28.2M	128,181	1.07%	-0.29pp	9q	+2.0%+$541.7K
VANGUARD INDEX FDS	VTV	$27.8M	128,531	1.06%	-0.03pp	9q	-1.4%-$396.1K
AMGEN INC	AMGN	$26.7M	63,289	1.02%	+0.13pp	9q	-0.5%-$144.2K
BANK OF NY MELLON CORP	BNY	$26.3M	181,906	1.00%	-0.03pp	9q	-1.6%-$426.4K
SPDR GOLD TR	GLD	$25.9M	68,062	0.99%	+0.03pp	9q	+0.9%+$228.9K
HOME DEPOT INC	HD	$25.4M	89,224	0.97%	-0.23pp	9q	+1.4%+$356.5K
FORTINET INC	FTNT	$25.3M	141,327	0.96%	+0.10pp	9q	-2.9%-$758.1K
AMAZON COM INC	AMZN	$24.6M	98,601	0.94%	+0.01pp	9q	-2.0%-$501.5K
ISHARES TR	IWO	$23.4M	65,616	0.89%	-0.08pp	9q	+2.1%+$476.8K
VERIZON COMMUNICATIONS INC	VZ	$23.2M	506,866	0.89%	+0.06pp	9q	HELD
VANGUARD MUN BD FDS	VTEB	$22.8M	482,386	0.87%	-0.03pp	9q	+4.3%+$942.8K
MERCK & CO INC	MRK	$22.4M	153,953	0.85%	+0.08pp	9q	-1.4%-$327.8K
COCA COLA CO	KO	$22.1M	257,195	0.84%	+0.04pp	9q	HELD
ALPHABET INC	GOOGL	$22.1M	64,237	0.84%	-0.06pp	9q	-1.7%-$379.5K
TRAVELERS COMPANIES INC	TRV	$21.6M	60,573	0.82%	+0.04pp	9q	-1.7%-$367.9K
WALMART INC	WMT	$21.3M	204,743	0.81%	-0.09pp	9q	-1.1%-$230.2K
PROCTER & GAMBLE CO	PG	$20.8M	142,883	0.79%	-0.03pp	9q	-1.8%-$387.6K
MCDONALDS CORP	MCD	$20.6M	89,343	0.79%	-0.15pp	9q	-0.6%-$118.9K
VANGUARD WHITEHALL FDS	VYM	$19.7M	126,795	0.75%	+0.06pp	9q	+11.8%+$2.1M
VANGUARD INDEX FDS	VTI	$19.2M	51,365	0.73%	+0.02pp	9q	+3.3%+$619.4K
ABBVIE INC	ABBV	$19.2M	73,227	0.73%	+0.02pp	9q	HELD
TJX COS INC NEW	TJX	$19.1M	144,559	0.73%	-0.12pp	9q	-0.8%-$151.0K
VANGUARD BD INDEX FDS	BSV	$18.6M	243,719	0.71%	+0.11pp	9q	+21.7%+$3.3M
LOCKHEED MARTIN CORP	LMT	$18.6M	36,528	0.71%	flat	9q	+0.6%+$103.9K
INVESCO QQQ TR	QQQ	$18.2M	24,573	0.69%	flat	9q	+1.2%+$210.8K
CHEVRON CORPORATION	CVX	$18.1M	88,437	0.69%	+0.11pp	9q	-1.8%-$322.7K
VANGUARD TAX-MANAGED FDS	VEA	$17.9M	254,200	0.68%	+0.03pp	9q	+6.9%+$1.2M
ISHARES TR	IWV	$17.8M	41,229	0.68%	flat	9q	HELD
METLIFE INC	MET	$17.7M	187,467	0.67%	+0.06pp	9q	HELD
META PLATFORMS INC	META	$17.3M	23,900	0.66%	+0.14pp	9q	-1.1%-$184.2K
SOUTHERN CO	SO	$17.2M	207,204	0.65%	-0.09pp	9q	+2.9%+$490.3K
ISHARES TR	AGG	$16.9M	179,013	0.65%	-0.07pp	9q	-4.6%-$817.1K
VANGUARD INDEX FDS	VOE	$15.9M	81,227	0.61%	-0.03pp	9q	-2.5%-$413.4K
AKAMAI TECHNOLOGIES INC	AKAM	$15.6M	146,906	0.60%	-0.08pp	9q	HELD
PHILIP MORRIS INTL INC	PM	$14.9M	78,327	0.57%	+0.03pp	9q	HELD
ACCENTURE PLC IRELAND	ACN	$14.8M	80,584	0.56%	+0.20pp	9q	+5.0%+$704.7K
EMERSON ELEC CO	EMR	$14.8M	95,121	0.56%	+0.04pp	9q	HELD
ELI LILLY & CO	LLY	$14.7M	12,712	0.56%	-0.06pp	9q	-5.4%-$841.2K
COSTCO WHOLESALE CORPORATION	COST	$14.1M	15,535	0.54%	-0.02pp	9q	HELD
ISHARES TR	IWS	$14.1M	87,830	0.54%	-0.06pp	9q	-7.5%-$1.1M
PNC FINL SVCS GROUP INC	PNC	$13.9M	62,374	0.53%	-0.06pp	9q	HELD
VANGUARD INDEX FDS	VOT	$13.6M	46,497	0.52%	-0.04pp	9q	-2.3%-$318.4K
BRISTOL-MYERS SQUIBB CO	BMY	$13.3M	213,206	0.51%	+0.03pp	9q	HELD
VANGUARD INDEX FDS	VOO	$12.9M	18,392	0.49%	+0.03pp	9q	+4.5%+$555.1K
ISHARES TR	IJR	$12.8M	93,740	0.49%	-0.01pp	9q	+6.9%+$822.5K
ISHARES TR	IWN	$12.1M	57,881	0.46%	-0.03pp	9q	HELD
PARKER HANNIFIN CORP	PH	$12.1M	12,685	0.46%	-0.02pp	9q	-1.4%-$176.8K
CITIGROUP INC	C	$11.9M	91,996	0.45%	-0.03pp	9q	+1.5%+$170.7K
PUBLIC SVC ENTERPRISE GROUP	PEG	$11.8M	174,603	0.45%	-0.09pp	9q	+1.7%+$195.4K
MCKESSON CORP	MCK	$11.6M	13,562	0.44%	+0.04pp	9q	-1.1%-$124.7K
ISHARES TR	IWR	$11.5M	107,869	0.44%	-0.02pp	9q	HELD
WASHINGTON TR BANCORP INC	WASH	$11.3M	296,225	0.43%	+0.01pp	3q	HELD
AMERICAN TOWER CORP	AMT	$11.0M	67,374	0.42%	flat	9q	+1.9%+$203.5K
DUKE ENERGY CORP NEW	DUK	$11.0M	96,667	0.42%	-0.04pp	9q	+1.7%+$189.3K
ISHARES TR	IWP	$10.7M	77,633	0.41%	-0.02pp	9q	+2.9%+$299.0K
ALLSTATE CORP	ALL	$10.2M	46,161	0.39%	-0.05pp	9q	-3.3%-$348.1K
INVESCO EXCH TRADED FD TR II	TBLL	$10.1M	95,846	0.39%	-0.01pp	5q	-2.7%-$278.5K
PFIZER INC	PFE	$10.0M	351,531	0.38%	+0.06pp	9q	+2.6%+$250.3K
HP INC	HPQ	$10.0M	320,478	0.38%	+0.11pp	9q	-0.6%-$60.8K
ISHARES TR	STIP	$10.0M	100,481	0.38%	flat	5q	+3.5%+$341.2K
GILEAD SCIENCES INC	GILD	$9.9M	66,603	0.38%	+0.06pp	9q	+1.4%+$134.9K
AT&T INC	T	$9.8M	402,277	0.37%	+0.07pp	9q	+3.9%+$365.6K
ADOBE INC	ADBE	$9.5M	39,504	0.36%	+0.06pp	9q	+3.9%+$359.0K
GARMIN LTD	GRMN	$9.2M	32,010	0.35%	+0.06pp	9q	HELD
CHUBB LIMITED	CB	$8.8M	27,146	0.34%	-0.02pp	9q	-1.0%-$90.4K
UNION PAC CORP	UNP	$8.7M	32,065	0.33%	flat	9q	HELD
SERVICENOW INC	NOW	$8.6M	64,417	0.33%	+0.09pp	9q	+2.5%+$211.1K
ABBOTT LABORATORIES	ABT	$8.5M	86,229	0.32%	+0.02pp	9q	-0.6%-$53.3K
TEXAS INSTRS INC	TXN	$8.5M	30,347	0.32%	-0.03pp	9q	HELD
VANGUARD SPECIALIZED FUNDS	VIG	$8.4M	35,965	0.32%	-0.04pp	9q	-9.3%-$865.3K
PACKAGING CORP AMER	PKG	$8.2M	35,706	0.31%	-0.02pp	9q	-0.6%-$50.9K
INVESCO EXCHANGE TRADED FD T	RSP	$8.2M	39,235	0.31%	flat	9q	+2.5%+$200.3K
OMNICOM GROUP INC	OMC	$8.1M	110,479	0.31%	+0.01pp	9q	+2.2%+$176.1K
WASTE MGMT INC DEL	WM	$8.1M	39,651	0.31%	-0.03pp	9q	HELD
VANGUARD STAR FDS	VXUS	$8.0M	93,917	0.30%	+0.01pp	5q	+3.5%+$266.3K
SPDR SERIES TRUST	SPTL	$7.6M	319,890	0.29%	+0.02pp	8q	+20.6%+$1.3M
SNAP ON INC	SNA	$7.6M	20,870	0.29%	-0.03pp	4q	+2.0%+$147.2K
L3HARRIS TECHNOLOGIES INC	LHX	$7.5M	31,841	0.29%	-0.07pp	9q	+0.8%+$61.8K
AMCOR PLC	AMCR	$7.5M	178,826	0.29%	-0.01pp	3q	+2.2%+$160.2K
MSCI INC	MSCI	$7.4M	13,687	0.28%	-0.01pp	9q	HELD
S&P GLOBAL INC	SPGI	$7.4M	18,645	0.28%	flat	9q	+3.5%+$246.5K
VANGUARD SCOTTSDALE FDS	VCSH	$7.3M	94,128	0.28%	-0.01pp	9q	-2.0%-$145.4K
STATE STR SPDR S&P MIDCAP 40	MDY	$7.2M	11,039	0.28%	-0.03pp	9q	-1.2%-$90.6K
PRUDENTIAL FINL INC	PRU	$7.0M	61,780	0.27%	+0.01pp	9q	+0.9%+$61.8K
RTX CORPORATION	RTX	$7.0M	37,505	0.27%	-0.01pp	9q	-0.9%-$60.2K
BEST BUY INC	BBY	$6.9M	78,623	0.26%	+0.04pp	9q	+1.0%+$67.2K
MASCO CORP	MAS	$6.7M	99,870	0.26%	-0.06pp	9q	HELD
BERKSHIRE HATHAWAY INC DEL	BRKB	$6.6M	13,350	0.25%	-0.01pp	9q	-1.3%-$86.1K
NETFLIX INC.	NFLX	$6.5M	93,413	0.25%	flat	9q	+5.6%+$342.7K
AMERICAN CENTY ETF TR	AVUV	$6.2M	52,749	0.24%	+0.01pp	5q	+10.1%+$568.7K
QUALCOMM INC	QCOM	$6.1M	33,176	0.23%	flat	9q	HELD
VERTEX PHARMACEUTICALS INC	VRTX	$5.9M	11,308	0.23%	+0.01pp	9q	+1.0%+$55.9K
SPDR SERIES TRUST	SDY	$5.7M	38,954	0.22%	-0.01pp	9q	HELD
VANGUARD INTL EQUITY INDEX F	VSS	$5.7M	36,693	0.22%	flat	6q	+2.7%+$147.2K
ISHARES TR	TLT	$5.6M	72,081	0.21%	-0.11pp	9q	-26.5%-$2.0M
STATE STR SPDR DOW JONES IND	DIA	$5.6M	10,969	0.21%	-0.01pp	9q	HELD
VISA INC	V	$5.5M	15,345	0.21%	flat	9q	-1.6%-$87.0K
SKYWORKS SOLUTIONS INC	SWKS	$5.4M	63,168	0.21%	+0.02pp	9q	-13.5%-$842.5K
STATE STR CORP	STT	$5.4M	30,872	0.21%	flat	9q	HELD
PEPSICO INC	PEP	$5.4M	42,291	0.20%	-0.02pp	9q	-3.6%-$200.6K
ILLINOIS TOOL WKS INC	ITW	$5.3M	20,500	0.20%	-0.01pp	9q	HELD
VANGUARD CHARLOTTE FDS	BNDX	$5.2M	111,290	0.20%	-0.01pp	6q	HELD
VANGUARD WORLD FD	VGT	$5.2M	41,327	0.20%	+0.01pp	9q	HELD
ISHARES TR	IVW	$5.1M	35,570	0.19%	flat	9q	HELD
VANGUARD INDEX FDS	VBR	$5.0M	21,470	0.19%	-0.01pp	8q	-0.6%-$30.7K
KRAFT HEINZ CO	KHC	$4.8M	211,927	0.18%	flat	9q	+2.8%+$129.0K
VANGUARD WORLD FD	ESGV	$4.6M	33,939	0.18%	flat	9q	HELD
VANGUARD INDEX FDS	VBK	$4.6M	13,512	0.17%	-0.02pp	6q	HELD
BERKSHIRE HATHAWAY INC DEL	BRKA	$4.5M	6	0.17%	-0.03pp	5q	-14.3%-$747.0K
CATERPILLAR INC	CAT	$4.4M	5,371	0.17%	-0.05pp	9q	+2.3%+$99.7K
ISHARES TR	IJT	$4.2M	26,281	0.16%	-0.02pp	5q	-0.6%-$25.5K
INTEL CORP	INTC	$4.0M	33,159	0.15%	-0.03pp	9q	-0.9%-$36.7K
ISHARES TR	TIP	$3.9M	37,956	0.15%	+0.01pp	9q	+9.8%+$353.5K
THERMO FISHER SCIENTIFIC INC	TMO	$3.9M	5,764	0.15%	+0.03pp	9q	-4.8%-$197.8K
COLGATE PALMOLIVE CO	CL	$3.9M	45,394	0.15%	-0.01pp	9q	HELD
TESLA INC	TSLA	$3.9M	10,882	0.15%	-0.03pp	9q	-1.8%-$72.7K
RAYONIER INC	RYN	$3.8M	207,798	0.15%	-0.02pp	3q	HELD
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$3.6M	7,903	0.14%	-0.01pp	9q	HELD
SELECT SECTOR SPDR TR	XLV	$3.5M	21,016	0.13%	+0.01pp	9q	HELD
CONOCOPHILLIPS	COP	$3.5M	28,124	0.13%	+0.02pp	9q	-2.2%-$78.5K
UNITEDHEALTH GROUP INC	UNH	$3.4M	9,369	0.13%	-0.02pp	9q	-1.4%-$49.9K
VANGUARD BD INDEX FDS	BIV	$3.3M	45,856	0.13%	+0.06pp	9q	+95.1%+$1.6M
ISHARES TR	IEFA	$3.2M	32,517	0.12%	flat	7q	HELD
ISHARES TR	MUB	$3.1M	30,977	0.12%	-0.03pp	9q	-16.5%-$617.4K
AGNICO EAGLE MINES LTD	AEM	$3.1M	17,045	0.12%	+0.02pp	5q	HELD
CUMMINS INC	CMI	$3.1M	5,915	0.12%	-0.05pp	9q	-2.1%-$64.6K
NEWMONT CORP	NEM	$2.9M	25,529	0.11%	+0.02pp	9q	-1.1%-$32.6K
ISHARES TR	ESGU	$2.9M	17,089	0.11%	flat	5q	-5.2%-$157.3K
SELECT SECTOR SPDR TR	XLY	$2.7M	24,495	0.10%	-0.01pp	9q	+0.8%+$22.3K
VANGUARD SCOTTSDALE FDS	VGSH	$2.7M	46,099	0.10%	+0.01pp	9q	+12.6%+$297.1K
ISHARES TR	EFG	$2.6M	21,862	0.10%	flat	5q	HELD
WESTERN DIGITAL CORP	WDC	$2.6M	5,715	0.10%	-0.05pp	9q	-2.5%-$65.9K
ORACLE CORP	ORCL	$2.6M	18,829	0.10%	-0.01pp	9q	-1.3%-$34.3K
AMERICAN ELEC PWR CO INC	AEP	$2.5M	21,480	0.10%	-0.02pp	9q	-0.9%-$22.4K
GENERAL DYNAMICS CORP	GD	$2.5M	7,647	0.10%	-0.01pp	9q	-1.7%-$44.5K
SALESFORCE INC	CRM	$2.5M	10,740	0.09%	+0.03pp	9q	-4.3%-$110.0K
VANGUARD SCOTTSDALE FDS	VONG	$2.5M	19,021	0.09%	flat	8q	+1.9%+$46.8K
ALIBABA GROUP HLDG LTD	BABA	$2.4M	21,905	0.09%	+0.01pp	9q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$2.3M	39,041	0.09%	+0.01pp	9q	+10.2%+$213.5K
FIRST HORIZON CORPORATION	FHN	$2.2M	97,732	0.09%	-0.02pp	9q	-6.5%-$156.9K
3M CO	MMM	$2.2M	13,566	0.08%	flat	9q	-3.5%-$79.8K
FIRST TR EXCH TRADED FD III	FMHI	$2.2M	49,500	0.08%	-0.01pp	5q	HELD
INVESCO EXCH TRADED FD TR II	SPLV	$2.2M	30,867	0.08%	-0.01pp	9q	-0.9%-$19.9K
INTUIT	INTU	$2.2M	7,826	0.08%	flat	9q	-3.7%-$81.9K
SELECT SECTOR SPDR TR	XLE	$2.0M	32,542	0.08%	+0.01pp	9q	-2.4%-$49.3K
CARDINAL HEALTH INC	CAH	$2.0M	8,900	0.08%	+0.02pp	9q	+35.4%+$518.0K
NEXTERA ENERGY INC	NEE	$2.0M	25,884	0.07%	-0.02pp	9q	-5.6%-$116.8K
BANK OF AMER CORP	BAC	$2.0M	35,877	0.07%	+0.01pp	9q	+23.6%+$373.5K
LOWES COS INC	LOW	$1.9M	10,572	0.07%	-0.02pp	9q	-4.0%-$81.3K
MORGAN STANLEY	MS	$1.9M	10,294	0.07%	flat	9q	+15.8%+$263.9K
CENCORA INC	COR	$1.9M	6,435	0.07%	flat	9q	HELD
ISHARES TR	EFV	$1.9M	24,403	0.07%	flat	5q	HELD
AMERICAN EXPRESS CO	AXP	$1.9M	6,256	0.07%	-0.01pp	9q	-1.0%-$18.6K
ENBRIDGE INC	ENB	$1.9M	40,897	0.07%	-0.01pp	9q	-0.5%-$9.6K
BLACKROCK INC	BLK	$1.9M	1,791	0.07%	flat	5q	-2.1%-$41.3K
SELECT SECTOR SPDR TR	XLI	$1.9M	11,263	0.07%	-0.01pp	9q	HELD
BLACKROCK ETF TRUST	BALI	$1.9M	54,555	0.07%	flat	3q	HELD
MASTERCARD INCORPORATED	MA	$1.8M	3,233	0.07%	flat	9q	-1.2%-$22.1K
ISHARES TR	SHY	$1.8M	21,863	0.07%	flat	5q	+1.4%+$24.3K
ISHARES TR	DVY	$1.8M	11,566	0.07%	flat	9q	-0.6%-$11.1K
ISHARES GOLD TR	IAU	$1.7M	22,392	0.07%	flat	5q	-5.2%-$95.5K
AUTOMATIC DATA PROCESSING IN	ADP	$1.7M	6,637	0.07%	+0.01pp	9q	HELD
NASDAQ INC	NDAQ	$1.7M	18,504	0.06%	+0.01pp	9q	HELD
J P MORGAN EXCHANGE TRADED F	JEPI	$1.7M	29,818	0.06%	flat	3q	HELD
SELECT SECTOR SPDR TR	XLF	$1.7M	30,946	0.06%	flat	9q	-2.2%-$36.4K
GOLDMAN SACHS GROUP INC	GS	$1.6M	1,819	0.06%	-0.01pp	9q	HELD
SPDR SERIES TRUST	BIL	$1.6M	17,704	0.06%	flat	5q	HELD
CAPITAL ONE FINL CORP	COF	$1.6M	8,329	0.06%	-0.01pp	9q	-5.5%-$93.4K
ISHARES TR	IVE	$1.6M	6,914	0.06%	+0.01pp	9q	+17.0%+$229.9K
PALANTIR TECHNOLOGIES INC	PLTR	$1.6M	8,383	0.06%	+0.02pp	5q	+0.6%+$8.6K
VANGUARD WORLD FD	MGK	$1.6M	16,910	0.06%	flat	9q	HELD
VANGUARD SCOTTSDALE FDS	VONV	$1.6M	14,389	0.06%	flat	5q	HELD
WELLS FARGO & CO	WFC	$1.5M	19,036	0.06%	flat	9q	-1.8%-$27.7K
GE AEROSPACE	GE	$1.5M	4,874	0.06%	flat	5q	+17.9%+$231.4K
VANGUARD INDEX FDS	VB	$1.5M	5,328	0.06%	-0.01pp	9q	-6.0%-$96.4K
PALO ALTO NETWORKS INC	PANW	$1.5M	3,797	0.06%	+0.01pp	8q	HELD
ALTRIA GROUP INC	MO	$1.5M	22,265	0.06%	-0.01pp	9q	-2.8%-$43.2K
DEERE CO	DE	$1.5M	2,228	0.06%	+0.01pp	9q	+15.0%+$194.7K
DISNEY WALT CO	DIS	$1.5M	14,154	0.06%	flat	9q	HELD
INTUITIVE SURGICAL INC	ISRG	$1.5M	3,639	0.06%	flat	9q	+1.1%+$15.9K
HUNTINGTON INGALLS INDS INC	HII	$1.5M	5,503	0.06%	flat	9q	-2.3%-$35.3K
ISHARES TR	IJK	$1.4M	12,964	0.05%	flat	5q	HELD
ISHARES TR	IEF	$1.4M	15,816	0.05%	flat	2q	HELD
UNITED PARCEL SVCS INC	UPS	$1.4M	14,815	0.05%	-0.01pp	9q	-7.1%-$106.5K
ISHARES TR	ACWX	$1.4M	18,175	0.05%	flat	9q	HELD
AGILENT TECHNOLOGIES INC	A	$1.4M	7,867	0.05%	+0.01pp	9q	-2.1%-$29.1K
CME GROUP INC	CME	$1.3M	5,058	0.05%	+0.01pp	9q	+1.0%+$13.4K
SPDR SERIES TRUST	SPTM	$1.3M	14,341	0.05%	flat	5q	-1.5%-$19.8K
VANGUARD SCOTTSDALE FDS	VCIT	$1.3M	16,793	0.05%	-0.01pp	9q	-8.0%-$114.3K
ANALOG DEVICES INC	ADI	$1.3M	3,278	0.05%	flat	9q	HELD
VANGUARD INDEX FDS	VNQ	$1.3M	14,291	0.05%	-0.01pp	9q	-5.0%-$67.8K
SHELL PLC	SHEL	$1.3M	13,299	0.05%	+0.01pp	5q	-1.9%-$24.1K
AMERIPRISE FINL INC	AMP	$1.2M	2,505	0.05%	flat	9q	-2.3%-$28.6K
SPDR SERIES TRUST	HYMB	$1.2M	51,700	0.05%	flat	5q	HELD
SYSCO CORP	SYY	$1.2M	15,482	0.05%	-0.01pp	9q	-5.0%-$63.1K
TRANE TECHNOLOGIES PLC	TT	$1.2M	2,647	0.05%	flat	9q	HELD
Dominion Energy, Inc.	D	$1.2M	19,602	0.05%	-0.01pp	9q	HELD
GE VERNOVA INC	GEV	$1.2M	1,228	0.04%	flat	5q	+33.6%+$293.7K
EATON CORP PLC	ETN	$1.2M	2,707	0.04%	flat	9q	+0.9%+$10.3K
FIRST TR EXCHANGE TRADED FD	RDVY	$1.1M	14,397	0.04%	flat	5q	-5.1%-$61.1K
GENERAL MILLS INC	GIS	$1.1M	33,520	0.04%	flat	9q	HELD
ISHARES TR	IWB	$1.1M	2,557	0.04%	-0.01pp	9q	-12.2%-$147.7K
ISHARES TR	SOXX	$1.1M	1,861	0.04%	-0.01pp	5q	-2.3%-$24.5K
STARBUCKS CORP	SBUX	$1.0M	11,045	0.04%	-0.01pp	9q	-5.1%-$56.0K
AUTOZONE INC	AZO	$993.3K	351	0.04%	-0.02pp	9q	-27.5%-$376.4K
EXELON CORP	EXC	$985.8K	24,402	0.04%	-0.01pp	9q	-12.6%-$142.3K
INVESCO DB COMMDY INDX TRCK	DBC	$983.8K	30,439	0.04%	+0.01pp	5q	+2.0%+$19.6K
AMPHENOL CORP	APH	$978.6K	11,609	0.04%	flat	9q	-0.8%-$7.5K
PROGRESSIVE CORP	PGR	$967.1K	4,665	0.04%	flat	9q	-0.8%-$7.5K
BOEING CO	BA	$960.6K	5,163	0.04%	-0.01pp	9q	-1.5%-$14.7K
NOVARTIS AG	NVS	$953.7K	6,689	0.04%	flat	9q	HELD
ISHARES TR	DSI	$947.1K	6,479	0.04%	flat	5q	-9.0%-$93.1K
CROWDSTRIKE HLDGS INC	CRWD	$942.5K	3,560	0.04%	+0.01pp	5q	HELD
MICRON TECHNOLOGY INC	MU	$899.0K	844	0.03%	flat	9q	+1.2%+$10.7K
ISHARES TR	IDEV	$898.3K	10,039	0.03%	flat	5q	HELD
WISDOMTREE TR	DGRW	$891.7K	9,170	0.03%	flat	5q	HELD
ISHARES TR	IGM	$868.7K	5,139	0.03%	flat	5q	HELD
TRUIST FINL CORP	TFC	$850.1K	18,361	0.03%	-0.01pp	9q	-6.2%-$56.6K
HOWMET AEROSPACE INC	HWM	$840.3K	3,715	0.03%	-0.01pp	9q	-0.9%-$7.7K
SELECT SECTOR SPDR TR	XLP	$831.8K	10,320	0.03%	flat	9q	-1.1%-$9.3K
IQVIA HLDGS INC	IQV	$803.6K	2,989	0.03%	+0.01pp	9q	-3.2%-$26.3K
NEBIUS GROUP N.V.	NBIS	$798.5K	3,385	0.03%	-0.01pp	9q	-6.9%-$59.2K
SYNOPSYS INC	SNPS	$798.1K	1,835	0.03%	flat	9q	-7.8%-$67.9K
HEWLETT PACKARD ENTERPRISE C	HPE	$777.2K	12,164	0.03%	+0.01pp	9q	HELD
DOVER CORP	DOV	$775.9K	4,148	0.03%	-0.01pp	9q	HELD
CADENCE DESIGN SYSTEM INC	CDNS	$768.7K	2,328	0.03%	-0.01pp	9q	-2.6%-$20.1K
ASML HLDG NV	ASML	$768.1K	424	0.03%	flat	9q	-0.9%-$7.2K
KLA CORP	KLAC	$760.0K	3,899	0.03%	-0.02pp	9q	HELD
SELECT SECTOR SPDR TR	XLU	$758.6K	19,235	0.03%	flat	9q	HELD
IMPERIAL OIL LTD	IMO	$747.4K	6,074	0.03%	flat	5q	HELD
REGIONS FINANCIAL CORP NEW	RF	$728.6K	27,106	0.03%	-0.01pp	9q	-14.3%-$121.7K
ROSS STORES INC	ROST	$723.8K	3,101	0.03%	flat	9q	HELD
HONEYWELL INTL INC	HON	$722.5K	3,425	0.03%	-0.01pp	2q	-16.6%-$144.1K
ISHARES TR	SCZ	$713.7K	8,454	0.03%	flat	9q	HELD
KEYSIGHT TECHNOLOGIES INC	KEYS	$710.2K	1,951	0.03%	flat	9q	-5.6%-$41.9K
NORFOLK SOUTHN CORP	NSC	$709.2K	2,295	0.03%	flat	9q	+25.9%+$145.8K
GLOBAL X FDS	AIQ	$705.4K	10,826	0.03%	flat	5q	HELD
INTERCONTINENTAL EXCHANGE IN	ICE	$693.7K	4,563	0.03%	flat	9q	-4.2%-$30.1K
SPDR SERIES TRUST	XAR	$692.8K	2,996	0.03%	-0.01pp	5q	-1.0%-$6.7K
VANGUARD BD INDEX FDS	BND	$690.8K	9,847	0.03%	flat	9q	HELD
COMCAST CORP NEW	CMCSA	$680.6K	31,277	0.03%	+0.02pp	9q	+734.7%+$599.1K
ENTERPRISE PRODS PARTNERS L	EPD	$662.1K	18,594	0.03%	flat	9q	HELD
SPDR SERIES TRUST	SPYG	$654.8K	5,320	0.02%	flat	5q	HELD
DANAHER CORP DEL	DHR	$644.0K	2,907	0.02%	flat	9q	-1.9%-$12.4K
VERISIGN INC	VRSN	$643.5K	2,282	0.02%	flat	9q	HELD
FIRST CTZNS BANCSHARES INC D	FCNCA	$634.5K	308	0.02%	+0.02pp	5q	+3750.0%+$618.1K
WELLTOWER INC	WELL	$624.6K	2,713	0.02%	flat	9q	HELD
LABCORP HOLDINGS INC	LH	$620.5K	2,014	0.02%	flat	5q	HELD
ADVANCED MICRO DEVICES INC	AMD	$617.9K	1,010	0.02%	flat	9q	+7.1%+$41.0K
VALERO ENERGY CORP	VLO	$614.7K	1,586	0.02%	+0.01pp	9q	HELD
FIDELITY COVINGTON TRUST	FTEC	$609.7K	2,032	0.02%	flat	5q	HELD
ISHARES TR	IJS	$604.6K	4,720	0.02%	flat	5q	HELD
ISHARES TR	IGV	$600.4K	5,639	0.02%	flat	5q	-4.6%-$29.3K
ISHARES INC	DVYE	$581.2K	17,095	0.02%	flat	2q	HELD
ISHARES TR	EEM	$569.8K	8,531	0.02%	flat	9q	HELD
SONY GROUP CORP	SONY	$567.8K	24,129	0.02%	+0.01pp	5q	+30.3%+$132.0K
WILLIS TOWERS WATSON PLC LTD	WTW	$567.2K	1,968	0.02%	flat	9q	-2.1%-$12.4K
ISHARES TR	IJJ	$560.6K	4,071	0.02%	flat	5q	+0.7%+$4.1K
NICE LTD	NICE	$552.7K	4,967	0.02%	flat	9q	-3.2%-$18.1K
CANADIAN NAT RES LTD MED TER	CNQ	$548.2K	11,646	0.02%	+0.02pp	5q	+812.0%+$488.1K
LAM RESEARCH CORP	LRCX	$546.6K	1,664	0.02%	-0.01pp	5q	HELD
NXP SEMICONDUCTORS N V	NXPI	$545.4K	2,296	0.02%	-0.01pp	9q	-5.6%-$32.1K
TE CONNECTIVITY PLC	TEL	$543.3K	2,574	0.02%	flat	5q	-7.3%-$42.6K
MEDTRONIC PLC	MDT	$537.3K	6,227	0.02%	flat	9q	-5.8%-$33.0K
MOODYS CORP	MCO	$537.2K	1,183	0.02%	flat	9q	HELD
FERRARI N V	RACE	$536.6K	1,366	0.02%	flat	9q	HELD
M & T BK CORP	MTB	$532.7K	2,448	0.02%	flat	9q	HELD
APPLIED MATLS INC	AMAT	$531.3K	1,039	0.02%	-0.01pp	9q	-2.9%-$15.9K
CORNING INC	GLW	$524.8K	3,413	0.02%	-0.01pp	9q	HELD
TARGET CORP	TGT	$522.2K	3,333	0.02%	flat	9q	-0.8%-$4.1K
SELECT SECTOR SPDR TR	XLC	$514.7K	4,638	0.02%	flat	5q	HELD
UNITED RENTALS INC	URI	$505.4K	505	0.02%	flat	9q	-1.2%-$6.0K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$503.6K	546	0.02%	flat	5q	+9.6%+$44.3K
ISHARES INC	EPP	$503.5K	9,150	0.02%	flat	5q	-1.5%-$7.4K
CONSTELLATION ENERGY CORP	CEG	$502.2K	1,977	0.02%	flat	5q	+1.0%+$5.1K
VANGUARD WHITEHALL FDS	VYMI	$496.1K	4,906	0.02%	flat	5q	-9.5%-$51.9K
FEDEX CORP	FDX	$487.8K	1,711	0.02%	flat	9q	HELD
ISHARES TR	EMB	$468.1K	5,153	0.02%	flat	5q	-8.7%-$44.4K
JOHNSON CONTROLS INTERNATION	JCI	$459.3K	3,090	0.02%	flat	9q	HELD
ISHARES TR	IWC	$451.8K	2,445	0.02%	+0.01pp	9q	+81.8%+$203.3K
THE CIGNA GROUP	CI	$449.9K	1,655	0.02%	flat	9q	HELD
EASTMAN CHEM CO	EMN	$447.4K	6,900	0.02%	flat	3q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCT	$442.4K	24,310	0.02%	flat	5q	-11.0%-$54.6K
BRITISH AMERN TOB PLC	BTI	$441.8K	8,121	0.02%	flat	5q	HELD
KIMBERLY CLARK CORP	KMB	$439.9K	4,515	0.02%	flat	9q	HELD
COREBRIDGE FINL INC	CRBG	$437.6K	13,212	0.02%	flat	5q	HELD
SLB LIMITED	SLB	$433.4K	8,895	0.02%	flat	9q	-1.1%-$5.0K
STRYKER CORPORATION	SYK	$433.2K	1,573	0.02%	flat	9q	-6.6%-$30.6K
CVS HEALTH CORP	CVS	$431.8K	5,039	0.02%	-0.01pp	9q	-11.4%-$55.8K
ARCH CAP GROUP LTD	ACGL	$431.3K	4,670	0.02%	flat	5q	+2.8%+$11.5K
CANADIAN PACIFIC KANSAS CITY	CP	$431.2K	5,067	0.02%	flat	5q	HELD
KEURIG DR PEPPER INC	KDP	$426.5K	14,056	0.02%	flat	8q	-11.4%-$54.9K
SPDR INDEX SHS FDS	SPDW	$425.2K	8,468	0.02%	flat	5q	HELD
SCHWAB STRATEGIC TR	SCHD	$424.2K	13,041	0.02%	flat	6q	HELD
AFLAC INC	AFL	$421.9K	3,774	0.02%	flat	8q	-0.5%-$2.2K
GENERAL MTRS CO	GM	$420.2K	5,457	0.02%	flat	9q	-12.3%-$58.8K
MARRIOTT INTL INC NEW	MAR	$418.3K	1,176	0.02%	flat	9q	HELD
DELL TECHNOLOGIES INC	DELL	$417.4K	776	0.02%	flat	9q	-7.3%-$32.8K
ENTERGY CORP NEW	ETR	$414.8K	4,179	0.02%	flat	9q	+9.2%+$34.8K
HONEYWELL AEROSPACE INC	HONA	$414.7K	2,676	0.02%	-0.02pp	2q	-34.9%-$221.9K
SANDISK CORP	SNDK	$408.9K	235	0.02%	flat	5q	+1.3%+$5.2K
CORPAY INC	CPAY	$406.5K	1,046	0.02%	flat	5q	-1.9%-$7.8K
UNUM GROUP	UNM	$401.9K	4,581	0.02%	flat	9q	-2.4%-$10.1K
ASTERA LABS INC	ALAB	$401.5K	1,128	0.02%	-0.01pp	5q	-5.6%-$23.8K
ISHARES TR	OEF	$396.6K	1,038	0.02%	flat	5q	HELD
PACCAR INC	PCAR	$393.1K	3,580	0.01%	flat	9q	HELD
REGENERON PHARMACEUTICALS	REGN	$391.3K	516	0.01%	flat	9q	-16.1%-$75.1K
LYONDELLBASELL INDUSTRIES NV	LYB	$385.5K	6,708	0.01%	flat	9q	-17.1%-$79.5K
SCHWAB STRATEGIC TR	FNDF	$385.0K	7,163	0.01%	flat	5q	-2.2%-$8.8K
ISHARES TR	MBB	$384.6K	4,291	0.01%	flat	5q	HELD
NATERA INC	NTRA	$384.0K	929	0.01%	flat	5q	-2.7%-$10.7K
HILTON WORLDWIDE HLDGS INC	HLT	$376.3K	1,183	0.01%	flat	9q	-0.8%-$2.9K
TD SYNNEX CORPORATION	SNX	$371.1K	1,445	0.01%	flat	5q	HELD
SELECT SECTOR SPDR TR	XLB	$370.5K	7,608	0.01%	flat	7q	HELD
SPDR SERIES TRUST	SJNK	$370.4K	15,274	0.01%	flat	2q	HELD
ALLY FINL INC	ALLY	$370.1K	9,837	0.01%	flat	8q	+77.8%+$161.9K
PAYCHEX INC	PAYX	$369.6K	3,752	0.01%	flat	9q	HELD
CSX CORP	CSX	$368.0K	7,912	0.01%	flat	9q	-0.9%-$3.5K
YUM! BRANDS INC	YUM	$363.1K	2,663	0.01%	flat	9q	-1.8%-$6.5K
JANUS DETROIT STR TR	JMBS	$360.5K	8,530	0.01%	flat	5q	HELD
BHP BILLITON LIMITED	BHP	$356.8K	4,206	0.01%	flat	7q	+55.5%+$127.4K
SPDR INDEX SHS FDS	EWX	$356.1K	5,009	0.01%	flat	5q	HELD
MARSH & MCLENNAN COS INC	MRSH	$353.6K	2,071	0.01%	flat	9q	-1.8%-$6.3K
CHARLES SCHWAB CORP (THE)	SCHW	$346.5K	3,545	0.01%	flat	9q	-5.2%-$19.1K
PROLOGIS INC.	PLD	$345.4K	2,660	0.01%	flat	9q	-0.6%-$2.2K
HALLIBURTON CO	HAL	$344.5K	10,834	0.01%	flat	9q	HELD
WHEATON PRECIOUS METALS CORP	WPM	$339.2K	2,537	0.01%	flat	5q	HELD
EBAY INC.	EBAY	$336.7K	3,175	0.01%	flat	9q	HELD
ISHARES TR	IHF	$336.2K	6,125	0.01%	flat	9q	HELD
AMDOCS LTD	DOX	$334.2K	5,844	0.01%	flat	5q	-0.9%-$3.0K
SPACE EXPLORATION TECHN CORP	SPCX	$333.7K	2,212	0.01%	-0.02pp	2q	-56.5%-$434.2K
UNILEVER PLC	UL	$329.4K	5,424	0.01%	flat	4q	HELD
ISHARES TR	SUB	$326.6K	3,124	0.01%	flat	9q	HELD
AMETEK INC	AME	$324.5K	1,310	0.01%	flat	9q	-6.4%-$22.3K
MONDELEZ INTL INC	MDLZ	$323.1K	5,588	0.01%	flat	9q	-8.8%-$31.2K
XCEL ENERGY INC	XEL	$322.8K	4,580	0.01%	-0.01pp	9q	-23.1%-$96.9K
SEMTECH CORP	SMTC	$322.6K	1,809	0.01%	flat	8q	HELD
ECOLAB INC	ECL	$318.2K	1,159	0.01%	flat	9q	-1.4%-$4.4K
SNOWFLAKE INC	SNOW	$316.8K	933	0.01%	flat	5q	+14.6%+$40.4K
APA CORPORATION	APA	$312.3K	7,519	0.01%	+0.01pp	6q	+637.9%+$270.0K
US BANCORP	USB	$311.7K	5,396	0.01%	flat	9q	HELD
ZOETIS INC	ZTS	$310.9K	4,452	0.01%	flat	9q	+1.0%+$3.1K
SONOCO PRODS CO	SON	$309.0K	6,330	0.01%	flat	9q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCU	$308.2K	19,095	0.01%	flat	5q	-3.8%-$12.1K
SPDR SERIES TRUST	SHM	$307.5K	6,592	0.01%	flat	5q	HELD
FOMENTO ECONOMICO MEXICANO S	FMX	$304.7K	2,570	0.01%	-0.01pp	9q	-24.1%-$96.6K
QUANTA SVCS INC	PWR	$303.9K	473	0.01%	flat	9q	HELD
TOYOTA MOTOR CORP	TM	$302.3K	1,651	0.01%	flat	5q	HELD
SPOTIFY TECHNOLOGY S A	SPOT	$299.3K	614	0.01%	flat	5q	+13.1%+$34.6K
AON PLC	AON	$296.1K	1,070	0.01%	flat	9q	-2.5%-$7.5K
LINDE PLC	LIN	$291.4K	614	0.01%	flat	5q	HELD
ARISTA NETWORKS INC	ANET	$289.3K	1,421	0.01%	flat	5q	-23.2%-$87.3K
FISERV INC	FISV	$284.2K	6,290	0.01%	flat	9q	-0.8%-$2.3K
EDWARDS LIFESCIENCES CORP	EW	$283.4K	3,283	0.01%	flat	9q	-8.4%-$25.9K
ISHARES TR	USHY	$282.7K	7,913	0.01%	flat	3q	HELD
DAVITA INC	DVA	$279.0K	1,595	0.01%	flat	9q	-6.7%-$20.1K
BLACKSTONE INC	BX	$276.9K	2,470	0.01%	-0.01pp	8q	-29.9%-$118.4K
PULTEGROUP INC	PHM	$276.8K	2,385	0.01%	-0.01pp	9q	-19.6%-$67.3K
ISHARES TR	IAK	$276.3K	2,038	0.01%	flat	5q	HELD
WILLIAMS COS INC	WMB	$273.4K	4,022	0.01%	flat	9q	-2.3%-$6.5K
GENUINE PARTS CO	GPC	$272.2K	2,165	0.01%	flat	9q	-15.7%-$50.8K
GOLDMAN SACHS ETF TR	GSLC	$270.8K	1,867	0.01%	flat	5q	HELD
DARDEN RESTAURANTS INC	DRI	$264.2K	1,367	0.01%	flat	9q	-22.2%-$75.2K
ISHARES TR	IBB	$256.2K	1,217	0.01%	flat	9q	HELD
EXPEDIA GROUP INC	EXPE	$255.7K	971	0.01%	flat	9q	+1.1%+$2.9K
SCHWAB STRATEGIC TR	SCHP	$253.9K	10,103	0.01%	+0.01pp	5q	+168.3%+$159.2K
ISHARES TR	IFRA	$252.4K	4,586	0.01%	flat	5q	HELD
RALPH LAUREN CORP	RL	$245.4K	691	0.01%	flat	4q	+1.9%+$4.6K
ISHARES TR	IDV	$241.9K	5,733	0.01%	flat	2q	-6.9%-$17.8K
BARRICK MNG CORP	B	$238.8K	5,871	0.01%	flat	5q	HELD
INVESCO EXCH TRD SLF IDX FD	BSCR	$238.3K	12,190	0.01%	flat	5q	-19.7%-$58.4K
KEYCORP	KEY	$237.6K	11,837	0.01%	+0.01pp	9q	+240.4%+$167.8K
SPDR SERIES TRUST	SPTS	$235.2K	8,205	0.01%	flat	5q	HELD
GE HEALTHCARE TECHNOLOGIES I	GEHC	$235.1K	3,596	0.01%	flat	5q	-2.0%-$4.9K
ISHARES TR	IGF	$233.3K	3,789	0.01%	flat	2q	HELD
DELTA AIR LINES INC	DAL	$232.6K	2,787	0.01%	+0.01pp	9q	+374.8%+$183.6K
AIR PRODUCTS AND CHEMICALS I	APD	$231.5K	832	0.01%	flat	9q	HELD
BOOKING HOLDINGS INC	BKNG	$227.9K	1,399	0.01%	flat	9q	-17.4%-$48.1K
SERVICE CORP INTL	SCI	$225.6K	2,962	0.01%	flat	5q	-4.3%-$10.1K
ISHARES TR	ESML	$225.4K	4,335	0.01%	flat	4q	+1.1%+$2.5K

Showing the largest 400 of 1,514 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
Computer Hardware	$207.4M	7.9%
Software & IT Services	$178.1M	6.8%
Biotech & Pharma	$173.6M	6.6%
Retail & Consumer	$140.1M	5.3%
Banks & Lending	$134.9M	5.1%
Semiconductors & Electronics	$122.0M	4.7%
Funds & ETFs	$94.5M	3.6%
Insurance	$85.5M	3.3%
Business Services	$68.0M	2.6%
Industrials	$62.7M	2.4%
Energy	$57.4M	2.2%
Utilities	$57.2M	2.2%
Other sectors	$297.9M	11.4%
Not classified	$943.4M	36.0%

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	+0.7%	+2.1%	-1.5%	100%
Q2 2026	+8.9%	+14.8%	-5.9%	100%
Q1 2026	-1.5%	-4.6%	+3.1%	100%
Q4 2025	+2.3%	+2.4%	-0.1%	100%
Q3 2021	-0.1%	+0.3%	-0.4%	100%
Q2 2021	+6.9%	+8.0%	-1.1%	100%
Q1 2021	+3.7%	+6.0%	-2.3%	100%
Q4 2020	+10.5%	+11.6%	-1.2%	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	$2.6B	1,514	79	211	516	92	22.6%	26
Q2 2026	$2.6B	1,527	141	394	530	79	21.5%	20
Q1 2026	$2.4B	1,465	80	377	542	97	20.4%	30
Q4 2025	$2.2B	1,482	122	493	405	59	22.2%	27
Q3 2025	$2.1B	1,419	714	423	271	347	23.0%	27
Q2 2021	$1.1B	1,052	48	202	187	30	23.0%	40
Q1 2021	$1.1B	1,034	60	317	353	52	23.0%	41
Q4 2020	$1.0B	1,026	89	288	309	64	25.6%	42
Q3 2020	$938.4M	1,001	0	0	0	0	26.4%	43

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.