DaveManuel.com · Institutional Ownership · 13F Holdings
CULLEN INVESTMENT GROUP, LTD.
Reported holdings as of Q3 2026, from 12 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $61.9M | 181,576 | +0.74pp | 12q | -1.9%-$1.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $54.7M | 105,753 | flat | 12q | HELD | |
| MICROSOFT CORP | MSFT | $45.9M | 84,868 | +1.49pp | 12q | -1.0%-$455.6K | |
| ALPHABET INC | GOOG | $40.5M | 116,063 | -0.07pp | 12q | +3.6%+$1.4M | |
| WALMART INC | WMT | $30.7M | 271,702 | -0.24pp | 12q | -2.6%-$815.3K | |
| JPMORGAN CHASE & CO | JPM | $29.5M | 88,294 | -0.09pp | 12q | -0.9%-$260.4K | |
| NVIDIA CORPORATION | NVDA | $24.4M | 107,763 | +0.24pp | 12q | HELD | |
| AMAZON COM INC | AMZN | $21.9M | 84,548 | +0.24pp | 12q | +5.0%+$1.0M | |
| PHILIP MORRIS INTL INC | PM | $21.0M | 103,988 | +0.36pp | 4q | +8.9%+$1.7M | |
| EATON CORP PLC | ETN | $19.2M | 44,968 | -0.30pp | 12q | -8.5%-$1.8M | |
| EXXONMOBIL HOLDINGS CORP | XOM | $18.6M | 107,941 | - | new | NEW | |
| BROADCOM INC | AVGO | $18.5M | 52,053 | -0.38pp | 12q | -6.2%-$1.2M | |
| META PLATFORMS INC | META | $16.4M | 22,133 | +0.53pp | 12q | +9.0%+$1.4M | |
| MERCK & CO INC | MRK | $16.0M | 109,838 | +0.14pp | 12q | -1.0%-$166.4K | |
| ANALOG DEVICES INC | ADI | $13.9M | 34,233 | +0.01pp | 9q | +1.8%+$247.4K | |
| ELI LILLY & CO | LLY | $13.7M | 11,615 | -0.09pp | 12q | HELD | |
| DEERE CO | DE | $13.2M | 20,934 | -0.09pp | 12q | -1.7%-$232.8K | |
| VISA INC | V | $12.8M | 32,841 | +0.16pp | 12q | +2.2%+$269.7K | |
| MEDTRONIC PLC | MDT | $11.9M | 129,321 | +0.21pp | 12q | +4.4%+$501.5K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $11.7M | 120,668 | +0.17pp | 7q | +13.0%+$1.4M | |
| JOHNSON CONTROLS INTERNATION | JCI | $11.2M | 71,773 | +0.01pp | 12q | -2.0%-$227.4K | |
| APPLIED MATLS INC | AMAT | $10.7M | 21,444 | -0.45pp | 4q | +10.8%+$1.0M | |
| WELLS FARGO & CO | WFC | $10.7M | 127,941 | +0.09pp | 12q | +10.5%+$1.0M | |
| CORNING INC | GLW | $9.6M | 65,313 | -0.94pp | 12q | -2.3%-$229.9K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $9.1M | 254,394 | -0.07pp | 12q | HELD | |
| CONOCOPHILLIPS | COP | $9.1M | 66,383 | +0.31pp | 12q | +10.6%+$875.0K | |
| GENERAL DYNAMICS CORP | GD | $8.9M | 26,555 | -0.24pp | 12q | -11.1%-$1.1M | |
| UNILEVER PLC | UL | $8.5M | 134,681 | +0.11pp | 4q | +11.0%+$842.5K | |
| BOOKING HOLDINGS INC | BKNG | $8.4M | 53,326 | -0.05pp | 4q | +11.6%+$878.8K | |
| MCKESSON CORP | MCK | $8.1M | 8,509 | +0.25pp | 12q | +10.7%+$785.5K | |
| ADVANCED MICRO DEVICES INC | AMD | $7.9M | 13,274 | -0.05pp | 12q | -3.4%-$274.5K | |
| TRANE TECHNOLOGIES PLC | TT | $7.6M | 15,980 | -0.12pp | 12q | -5.9%-$480.4K | |
| CUMMINS INC | CMI | $7.1M | 13,536 | -0.36pp | 12q | -2.4%-$175.3K | |
| BECTON DICKINSON CO | BDX | $7.1M | 37,707 | +0.21pp | 4q | +11.3%+$724.7K | |
| GARMIN LTD | GRMN | $7.0M | 26,246 | +0.06pp | 12q | HELD | |
| UNION PAC CORP | UNP | $6.9M | 24,541 | -0.12pp | 12q | -12.8%-$1.0M | |
| BANK OF NY MELLON CORP | BNY | $6.9M | 48,190 | -0.13pp | 5q | -9.4%-$718.0K | |
| NOVARTIS AG | NVS | $6.9M | 47,702 | -0.25pp | 12q | -14.1%-$1.1M | |
| COMCAST CORP NEW | CMCSA | $6.8M | 329,744 | -0.15pp | 12q | +3.5%+$228.7K | |
| CATERPILLAR INC | CAT | $6.7M | 8,335 | -0.33pp | 12q | -2.7%-$181.5K | |
| REALTY INCOME CORP | O | $6.7M | 121,734 | -0.17pp | 8q | -4.0%-$276.2K | |
| JOHNSON & JOHNSON | JNJ | $6.4M | 24,301 | -0.02pp | 12q | -2.3%-$153.0K | |
| STARBUCKS CORP | SBUX | $5.6M | 60,143 | -0.17pp | 12q | -8.9%-$539.0K | |
| FERGUSON ENTERPRISES INC | FERG | $5.5M | 24,737 | +0.23pp | 3q | +75.6%+$2.3M | |
| ALPHABET INC | GOOGL | $5.2M | 14,758 | -0.03pp | 12q | +0.8%+$41.3K | |
| IQVIA HLDGS INC | IQV | $5.2M | 19,650 | +0.13pp | 12q | -2.4%-$124.0K | |
| MARATHON PETE CORP | MPC | $4.4M | 9,622 | +0.22pp | 12q | HELD | |
| CHEVRON CORPORATION | CVX | $4.4M | 20,267 | +0.08pp | 12q | -6.1%-$280.8K | |
| NETFLIX INC. | NFLX | $4.1M | 58,695 | - | new | NEW | |
| RAYMOND JAMES FINL INC | RJF | $3.7M | 23,206 | -0.01pp | 12q | -3.3%-$126.0K | |
| LOWES COS INC | LOW | $3.6M | 19,516 | -0.15pp | 12q | -8.6%-$339.8K | |
| ABBVIE INC | ABBV | $3.6M | 12,823 | +0.03pp | 12q | HELD | |
| PEPSICO INC | PEP | $3.5M | 27,774 | -0.13pp | 12q | -16.6%-$698.3K | |
| MASTERCARD INCORPORATED | MA | $3.5M | 5,858 | +0.02pp | 12q | -6.2%-$229.7K | |
| BLACKROCK INC | BLK | $3.5M | 3,205 | +0.03pp | 8q | -1.8%-$65.0K | |
| CME GROUP INC | CME | $3.4M | 12,367 | -0.02pp | 12q | -20.4%-$879.7K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $3.4M | 5,114 | +0.14pp | 2q | +22.5%+$621.8K | |
| AMRIZE LTD | AMRZ | $3.4M | 93,245 | -0.08pp | 3q | +28.6%+$748.2K | |
| AMERICAN EXPRESS CO | AXP | $3.2M | 10,373 | -0.06pp | 12q | -2.4%-$79.4K | |
| PROCTER & GAMBLE CO | PG | $3.2M | 20,959 | -0.01pp | 12q | -4.5%-$152.0K | |
| AMGEN INC | AMGN | $3.2M | 7,653 | +0.03pp | 12q | -1.0%-$32.2K | |
| MOTOROLA SOLUTIONS INC | MSI | $2.9M | 6,540 | -0.11pp | 12q | -26.8%-$1.1M | |
| AON PLC | AON | $2.8M | 10,046 | -0.03pp | 3q | +15.6%+$373.1K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $2.6M | 15,611 | - | new | NEW | |
| SOUTHERN CO | SO | $2.5M | 29,190 | -0.13pp | 12q | -20.9%-$670.4K | |
| STRYKER CORPORATION | SYK | $2.5M | 8,977 | -0.07pp | 12q | -6.6%-$178.6K | |
| ENBRIDGE INC | ENB | $2.5M | 52,442 | -0.05pp | 12q | +2.2%+$53.0K | |
| CANADIAN PACIFIC KANSAS CITY | CP | $2.2M | 25,329 | -0.02pp | 12q | -2.5%-$54.6K | |
| SPDR SERIES TRUST | SPYM | $2.2M | 23,596 | +0.03pp | 4q | +14.5%+$273.1K | |
| SUNCOR ENERGY INC NEW | SU | $2.1M | 28,939 | +0.06pp | 12q | -1.3%-$29.0K | |
| HOWMET AEROSPACE INC | HWM | $2.1M | 9,349 | -0.06pp | 12q | HELD | |
| NATIONAL FUEL GAS CO | NFG | $2.0M | 25,600 | -0.01pp | 12q | -2.9%-$61.3K | |
| DIAMONDBACK ENERGY INC | FANG | $2.0M | 10,032 | +0.01pp | 12q | -1.6%-$30.8K | |
| DARDEN RESTAURANTS INC | DRI | $1.9M | 9,568 | -0.08pp | 12q | -22.4%-$552.5K | |
| GILEAD SCIENCES INC | GILD | $1.9M | 12,574 | +0.03pp | 12q | -1.2%-$23.5K | |
| DISNEY WALT CO | DIS | $1.9M | 17,142 | -0.06pp | 12q | -27.5%-$706.0K | |
| VANGUARD INDEX FDS | VOO | $1.8M | 2,457 | +0.01pp | 12q | +3.5%+$60.1K | |
| KINDER MORGAN INC DEL | KMI | $1.7M | 52,284 | flat | 12q | HELD | |
| SHELL PLC | SHEL | $1.7M | 16,934 | +0.04pp | 12q | -3.1%-$54.5K | |
| MCCORMICK & CO INC | MKC | $1.7M | 36,992 | -0.06pp | 12q | -10.8%-$203.7K | |
| RTX CORPORATION | RTX | $1.7M | 8,950 | -0.02pp | 12q | -4.0%-$69.4K | |
| PROGRESSIVE CORP | PGR | $1.6M | 7,468 | -0.01pp | 12q | HELD | |
| BANK OF AMER CORP | BAC | $1.6M | 29,531 | -0.02pp | 12q | -0.9%-$14.5K | |
| QUALCOMM INC | QCOM | $1.6M | 9,089 | -0.05pp | 12q | -12.0%-$216.0K | |
| UNITED PARCEL SVCS INC | UPS | $1.5M | 15,905 | -0.12pp | 12q | -30.1%-$653.7K | |
| VEEVA SYS INC | VEEV | $1.5M | 5,069 | +0.06pp | 7q | -6.1%-$97.3K | |
| ONEOK INC NEW | OKE | $1.5M | 15,886 | - | new | NEW | |
| ENERGY TRANSFER L P | ET | $1.4M | 69,700 | +0.01pp | 12q | HELD | |
| POOL CORP | POOL | $1.4M | 8,933 | -0.08pp | 12q | -7.2%-$109.5K | |
| GE AEROSPACE | GE | $1.4M | 4,455 | -0.04pp | 12q | HELD | |
| HOME BANCORP INC | HBCP | $1.4M | 20,708 | -0.01pp | 12q | -1.8%-$25.4K | |
| CSX CORP | CSX | $1.4M | 28,684 | -0.01pp | 12q | -2.8%-$39.0K | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $1.3M | 6,492 | -0.06pp | 6q | HELD | |
| ECOLAB INC | ECL | $1.3M | 4,559 | flat | 7q | HELD | |
| TESLA INC | TSLA | $1.3M | 3,390 | -0.02pp | 12q | HELD | |
| REPUBLIC SVCS INC | RSG | $1.3M | 5,829 | flat | 12q | HELD | |
| O'REILLY AUTOMOTIVE INC | ORLY | $1.3M | 14,740 | -0.02pp | 12q | -4.4%-$58.5K | |
| HOME DEPOT INC | HD | $1.2M | 3,989 | -0.15pp | 12q | -41.0%-$806.8K | |
| ALLSTATE CORP | ALL | $1.1M | 4,901 | -0.02pp | 12q | -7.3%-$89.3K | |
| COCA COLA CO | KO | $1.1M | 12,692 | +0.01pp | 12q | HELD | |
| MADISON SQUARE GRDN SPRT COR | MSGS | $1.1M | 2,824 | flat | 2q | HELD | |
| ISHARES TR | IVV | $1.1M | 1,456 | +0.01pp | 11q | +4.4%+$48.5K | |
| AT&T INC | T | $1.1M | 49,224 | flat | 12q | -5.0%-$58.9K | |
| IRIDIUM COMMUNICATIONS INC | IRDM | $1.1M | 23,267 | -0.03pp | 12q | HELD | |
| PRICE T ROWE GROUP INC | TROW | $1.1M | 10,298 | -0.02pp | 12q | -2.0%-$22.3K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $1.1M | 4,451 | -0.04pp | 12q | -4.1%-$44.8K | |
| GE VERNOVA INC | GEV | $1.0M | 1,006 | -0.02pp | 9q | +1.6%+$16.0K | |
| CENCORA INC | COR | $964.3K | 2,967 | +0.01pp | 12q | -4.8%-$48.1K | |
| NATHANS FAMOUS INC NEW | NATH | $952.0K | 9,351 | -0.01pp | 12q | -1.8%-$17.8K | |
| VERIZON COMMUNICATIONS INC | VZ | $945.4K | 22,099 | -0.10pp | 12q | -46.8%-$830.9K | |
| DEVON ENERGY CORP NEW | DVN | $865.4K | 17,675 | +0.01pp | 12q | HELD | |
| OCCIDENTAL PETE CORP | OXY | $798.6K | 13,063 | +0.01pp | 12q | -3.5%-$29.2K | |
| CLEVELAND-CLIFFS INC NEW | CLF | $793.4K | 61,550 | +0.02pp | 12q | -0.8%-$6.7K | |
| RESTAURANT BRANDS INTL INC | QSR | $763.7K | 10,738 | -0.01pp | 12q | -2.9%-$22.6K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $753.4K | 3,319 | -0.03pp | 12q | -7.4%-$59.9K | |
| ADAM NAT RES FD INC | PEO | $708.0K | 24,265 | +0.01pp | 12q | -1.8%-$12.7K | |
| MONDELEZ INTL INC | MDLZ | $698.0K | 11,296 | flat | 12q | -5.1%-$37.1K | |
| GREENBRIER COS INC | GBX | $692.1K | 17,669 | -0.03pp | 12q | -7.8%-$58.6K | |
| ORACLE CORP | ORCL | $683.8K | 4,977 | -0.01pp | 6q | -3.4%-$24.3K | |
| ISHARES TR | ITOT | $655.7K | 3,870 | flat | 12q | +2.0%+$13.0K | |
| TARGET CORP | TGT | $615.4K | 4,006 | +0.01pp | 12q | HELD | |
| CONRAD INDUSTRIES INCORPORATED | CNRD | $605.5K | 21,171 | +0.01pp | 12q | HELD | |
| SMUCKER J M CO | SJM | $591.0K | 4,924 | flat | 12q | -3.6%-$22.1K | |
| BLACKSTONE INC | BX | $589.0K | 5,132 | -0.01pp | 12q | -1.5%-$9.2K | |
| WEYERHAEUSER CO | WY | $530.9K | 28,033 | -0.03pp | 12q | -8.3%-$48.1K | |
| FIRST GTY BANCSHARES INC | FGBI | $521.3K | 62,284 | -0.01pp | 12q | HELD | |
| CVS HEALTH CORP | CVS | $503.1K | 5,735 | -0.03pp | 12q | -19.4%-$120.8K | |
| PFIZER INC | PFE | $498.9K | 17,568 | +0.01pp | 12q | +11.4%+$51.1K | |
| TJX COS INC NEW | TJX | $479.5K | 3,378 | -0.01pp | 12q | -3.6%-$18.0K | |
| PHILLIPS 66 | PSX | $469.7K | 1,669 | +0.02pp | 5q | +1.5%+$7.0K | |
| FIRST HORIZON CORPORATION | FHN | $455.6K | 19,758 | -0.01pp | 12q | +1.1%+$4.8K | |
| EBAY INC. | EBAY | $453.6K | 3,956 | flat | 12q | HELD | |
| KEURIG DR PEPPER INC | KDP | $448.0K | 13,680 | flat | 12q | -1.0%-$4.5K | |
| APA CORPORATION | APA | $442.9K | 9,456 | +0.01pp | 12q | HELD | |
| SALESFORCE INC | CRM | $441.8K | 1,889 | -0.01pp | 12q | -43.3%-$336.8K | |
| HALLIBURTON CO | HAL | $439.6K | 13,486 | -0.01pp | 12q | -1.6%-$7.2K | |
| NESTLE SA SPONSORED ADR | NSRGY | $431.1K | 4,718 | -0.01pp | 12q | -6.4%-$29.2K | |
| CNH INDL N V | CNH | $421.8K | 36,205 | -0.02pp | 12q | -32.1%-$199.0K | |
| UNITEDHEALTH GROUP INC | UNH | $411.9K | 1,088 | -0.09pp | 12q | -60.1%-$620.1K | |
| MCDONALDS CORP | MCD | $401.4K | 1,704 | -0.01pp | 12q | -8.6%-$37.9K | |
| WOODWARD INC | WWD | $400.1K | 1,203 | -0.02pp | 11q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $396.0K | 774 | flat | 12q | -2.5%-$10.2K | |
| NOVO-NORDISK A S | NVO | $389.1K | 10,085 | -0.01pp | 3q | +0.9%+$3.3K | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $355.9K | 5,030 | -0.08pp | 10q | -58.4%-$499.2K | |
| ILLINOIS TOOL WKS INC | ITW | $354.3K | 1,336 | -0.01pp | 12q | -10.8%-$42.7K | |
| MADISON SQUARE GARDEN ENTMT | MSGE | $351.0K | 4,400 | flat | 5q | HELD | |
| ST JOE CO | JOE | $333.9K | 5,060 | flat | 12q | HELD | |
| BOEING CO | BA | $333.7K | 1,761 | -0.01pp | 12q | -2.2%-$7.4K | |
| COOPER COS INC | COO | $333.3K | 6,000 | -0.01pp | 2q | HELD | |
| BORGWARNER INC | BWA | $331.9K | 5,530 | -0.01pp | 12q | -9.9%-$36.4K | |
| I3 VERTICALS INC | IIIV | $322.1K | 19,881 | -0.02pp | 12q | -9.8%-$34.8K | |
| ICON PUB LTD CO | ICLR | $316.1K | 1,923 | -0.01pp | 12q | -9.4%-$32.9K | |
| ATLANTA BRAVES HLDGS INC | BATRA | $304.5K | 5,300 | flat | 12q | HELD | |
| WILLIAMS SONOMA INC | WSM | $301.2K | 1,261 | flat | 6q | HELD | |
| TRINITY INDS INC | TRN | $297.1K | 11,450 | -0.02pp | 12q | -7.7%-$24.9K | |
| NXP SEMICONDUCTORS N V | NXPI | $295.2K | 1,311 | -0.03pp | 12q | -25.4%-$100.4K | |
| NORFOLK SOUTHN CORP | NSC | $295.1K | 924 | flat | 12q | -4.1%-$12.8K | |
| CANADIAN NATL RY CO | CNI | $268.0K | 2,261 | flat | 12q | +0.9%+$2.4K | |
| KIMBERLY CLARK CORP | KMB | $266.8K | 2,701 | flat | 12q | +33.0%+$66.2K | |
| BLACK STONE MINERALS L P | BSM | $259.2K | 17,464 | flat | 12q | +2.2%+$5.7K | |
| EMERSON ELEC CO | EMR | $258.1K | 1,589 | flat | 9q | HELD | |
| SHERWIN WILLIAMS CO | SHW | $255.9K | 799 | flat | 12q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $252.5K | 263 | flat | 10q | HELD | |
| WD-40 CO | WDFC | $250.3K | 1,234 | -0.01pp | 12q | HELD | |
| LIBERTY LATIN AMERICA LTD | LILAK | $245.6K | 30,100 | flat | 12q | HELD | |
| ATMOS ENERGY CORP | ATO | $241.4K | 1,487 | flat | 8q | HELD | |
| BP PLC | BP | $235.1K | 5,032 | flat | 3q | -11.3%-$29.9K | |
| INVESCO QQQ TR | QQQ | $234.8K | 315 | flat | 2q | +2.3%+$5.2K | |
| ABBOTT LABORATORIES | ABT | $227.9K | 2,238 | flat | 12q | -17.8%-$49.4K | |
| TRACTOR SUPPLY CO | TSCO | $218.5K | 6,532 | flat | 6q | -3.9%-$8.9K | |
| XYLEM INC | XYL | $218.0K | 2,125 | -0.01pp | 12q | -9.6%-$23.1K | |
| SEI INVTS CO | SEIC | $214.6K | 2,044 | -0.01pp | 12q | -39.8%-$141.6K | |
| BAKER HUGHES COMPANY | BKR | $212.3K | 3,779 | flat | 5q | -11.8%-$28.4K | |
| ARCOSA INC | ACA | $208.8K | 1,418 | flat | 2q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $208.2K | 733 | flat | 12q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $207.6K | 559 | flat | 2q | -14.9%-$36.4K | |
| YUM! BRANDS INC | YUM | $203.9K | 1,389 | flat | 12q | HELD | |
| NATURAL RESOURCE PARTNERS LP | NRP | $203.9K | 1,835 | - | new | NEW | |
| PARAMOUNT SKYDANCE CORP | SKYD | $136.4K | 14,889 | - | new | NEW |
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 | $113.6M | 13.2% |
| Semiconductors & Electronics | $84.5M | 9.9% |
| Retail & Consumer | $70.6M | 8.2% |
| Computer Hardware | $62.7M | 7.3% |
| Energy | $61.8M | 7.2% |
| Insurance | $60.9M | 7.1% |
| Industrials | $59.1M | 6.9% |
| Biotech & Pharma | $58.3M | 6.8% |
| Banks & Lending | $54.3M | 6.3% |
| Food, Drink & Tobacco | $29.1M | 3.4% |
| Capital Markets | $24.2M | 2.8% |
| Transport & Logistics | $23.4M | 2.7% |
| Other sectors | $148.1M | 17.3% |
| Not classified | $7.0M | 0.8% |
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 | +1.5% | +2.1% | -0.6% | 100% |
| Q2 2026 | +9.1% | +14.8% | -5.7% | 100% |
| Q1 2026 | -0.4% | -4.6% | +4.2% | 99% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 99% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +6.0% | +10.5% | -4.4% | 100% |
| Q1 2025 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.3% | 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 | $857.4M | 179 | 6 | 35 | 98 | 8 | 40.8% | 13 |
| Q2 2026 | $826.5M | 181 | 9 | 41 | 76 | 7 | 38.9% | 9 |
| Q1 2026 | $757.6M | 179 | 6 | 32 | 95 | 3 | 39.2% | 9 |
| Q4 2025 | $771.4M | 176 | 8 | 28 | 111 | 7 | 41.8% | 12 |
| Q3 2025 | $756.2M | 175 | 6 | 49 | 81 | 8 | 43.1% | 7 |
| Q2 2025 | $708.3M | 177 | 8 | 57 | 76 | 4 | 41.4% | 1 |
| Q1 2025 | $659.4M | 173 | 6 | 37 | 101 | 10 | 39.0% | 1 |
| Q4 2024 | $678.0M | 177 | 5 | 67 | 71 | 10 | 41.3% | 13 |
| Q3 2024 | $670.7M | 182 | 9 | 64 | 60 | 4 | 38.9% | 4 |
| Q2 2024 | $627.1M | 177 | 5 | 43 | 92 | 10 | 39.6% | 1 |
| Q1 2024 | $634.7M | 182 | 11 | 77 | 66 | 1 | 36.9% | 4 |
| Q4 2023 | $571.1M | 172 | 0 | 0 | 0 | 0 | 37.7% | 30 |
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.