DaveManuel.com · Institutional Ownership · 13F Holdings

JAMES INVESTMENT RESEARCH, INC.

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

810384

Reported value

$936.2M

Positions

373

Top 10 weight

26.9%

Filed

2026-10-22

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NVIDIA CORPORATION	NVDA	$40.2M	175,982	4.29%	+0.56pp	25q	-4.2%-$1.8M
APPLE INC	AAPL	$35.6M	106,860	3.80%	+0.56pp	32q	-3.0%-$1.1M
MICROSOFT CORP	MSFT	$35.2M	68,553	3.76%	+1.08pp	32q	-2.8%-$998.1K
ALPHABET INC	GOOGL	$35.1M	101,998	3.75%	-0.08pp	26q	-3.3%-$1.2M
JPMORGAN CHASE & CO	JPM	$22.1M	66,677	2.36%	+0.08pp	32q	-2.6%-$597.5K
ISHARES GOLD TR	IAU	$21.5M	275,181	2.30%	+0.13pp	14q	-2.4%-$528.8K
ENOVA INTL INC	ENVA	$18.3M	109,347	1.95%	-1.10pp	32q	-12.4%-$2.6M
CATERPILLAR INC	CAT	$15.4M	19,011	1.65%	-0.60pp	32q	-8.4%-$1.4M
AMAZON COM INC	AMZN	$14.9M	59,970	1.60%	+0.10pp	26q	-2.8%-$436.3K
BROADCOM INC	AVGO	$13.6M	38,738	1.45%	-0.11pp	15q	-5.0%-$716.8K
WALMART INC	WMT	$13.4M	129,008	1.43%	-0.12pp	32q	-4.1%-$579.5K
META PLATFORMS INC	META	$13.1M	18,027	1.40%	+0.43pp	26q	+6.8%+$831.8K
GOLDMAN SACHS GROUP INC	GS	$12.4M	13,730	1.32%	-0.13pp	32q	-2.9%-$374.5K
ELI LILLY & CO	LLY	$12.2M	10,550	1.30%	-0.02pp	32q	-3.1%-$392.3K
VALERO ENERGY CORP	VLO	$12.1M	31,202	1.29%	+0.45pp	32q	-2.2%-$274.8K
NOVA LTD	NVMI	$11.2M	28,971	1.19%	-0.43pp	32q	-1.6%-$183.7K
ISHARES TR	IWM	$11.0M	39,612	1.18%	-0.03pp	32q	HELD
UNITED RENTALS INC	URI	$10.7M	10,720	1.15%	-0.13pp	32q	-3.0%-$328.3K
ISHARES TR	FLOT	$10.6M	207,783	1.13%	+0.16pp	32q	+10.5%+$1.0M
SELECT SECTOR SPDR TR	XLK	$10.6M	53,897	1.13%	-0.25pp	32q	-24.2%-$3.4M
ASML HLDG NV	ASML	$10.5M	5,811	1.12%	-0.14pp	27q	-7.2%-$818.9K
MASTERCARD INCORPORATED	MA	$10.2M	18,431	1.09%	+0.09pp	25q	-3.0%-$312.1K
ISHARES TR	IGSB	$9.9M	194,022	1.06%	flat	32q	-2.5%-$255.0K
ISHARES TR	SHY	$9.7M	119,274	1.03%	+0.02pp	32q	-2.2%-$213.2K
JABIL INC	JBL	$8.8M	30,781	0.94%	-0.36pp	20q	-7.2%-$689.3K
JOHNSON & JOHNSON	JNJ	$8.6M	32,561	0.92%	+0.04pp	32q	-4.7%-$425.7K
ABBVIE INC	ABBV	$8.6M	32,792	0.92%	+0.04pp	25q	-4.0%-$353.4K
CHEVRON CORPORATION	CVX	$8.4M	41,371	0.90%	+0.19pp	32q	-2.4%-$210.5K
SCHWAB STRATEGIC TR	SCHB	$8.3M	282,531	0.88%	+0.07pp	19q	+2.4%+$196.1K
ISHARES TR	EFA	$7.5M	71,998	0.80%	+0.04pp	32q	HELD
BLACKROCK INC	BLK	$7.4M	6,963	0.79%	+0.09pp	8q	-3.0%-$227.5K
ISHARES TR	AGG	$7.1M	75,019	0.76%	+0.01pp	32q	+1.5%+$102.3K
ISHARES TR	IEI	$7.0M	62,094	0.75%	flat	32q	-1.8%-$129.1K
MCDONALDS CORP	MCD	$7.0M	30,427	0.75%	-0.10pp	32q	-2.1%-$147.6K
HOME DEPOT INC	HD	$6.8M	23,930	0.73%	-0.15pp	29q	-2.3%-$158.5K
PROCTER & GAMBLE CO	PG	$6.1M	42,080	0.65%	-0.22pp	32q	-28.2%-$2.4M
EATON CORP PLC	ETN	$6.0M	14,025	0.64%	-0.11pp	32q	-19.8%-$1.5M
CASEYS GEN STORES INC	CASY	$5.7M	9,419	0.61%	-0.15pp	13q	-0.8%-$44.4K
M/I HOMES INC	MHO	$5.7M	42,204	0.61%	-0.09pp	32q	-1.8%-$103.0K
ISHARES TR	IEF	$5.6M	62,790	0.60%	-0.07pp	32q	-9.3%-$578.0K
AMERICAN ELEC PWR CO INC	AEP	$5.4M	45,422	0.58%	-0.07pp	32q	-2.2%-$118.6K
BERKSHIRE HATHAWAY INC DEL	BRKB	$5.3M	10,642	0.57%	flat	17q	-3.5%-$193.7K
ISHARES TR	LQD	$4.9M	48,021	0.52%	-0.03pp	32q	-3.3%-$167.3K
LINDE PLC	LIN	$4.9M	10,318	0.52%	-0.04pp	15q	-2.7%-$136.7K
ISHARES SILVER TR	SLV	$4.8M	88,232	0.51%	+0.03pp	14q	HELD
EXXONMOBIL HOLDINGS CORP	XOM	$4.8M	29,313	0.51%	-	new	NEW
COCA COLA CONS INC	COKE	$4.5M	23,623	0.48%	+0.04pp	17q	+4.5%+$192.1K
GLOBAL X FDS	SHLD	$4.3M	70,939	0.46%	-0.03pp	10q	-11.0%-$524.3K
CADENCE DESIGN SYSTEM INC	CDNS	$4.3M	12,874	0.45%	-0.13pp	25q	-16.3%-$829.8K
INVESCO ACTIVELY MANAGED EXC	VRIG	$4.2M	168,052	0.45%	-0.01pp	19q	-6.3%-$283.4K
SPDR SERIES TRUST	SHM	$4.1M	87,066	0.43%	+0.09pp	32q	+24.5%+$798.7K
SCHWAB STRATEGIC TR	FNDB	$4.0M	130,709	0.43%	+0.03pp	19q	+1.6%+$64.9K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$3.9M	8,632	0.42%	flat	11q	-1.2%-$48.4K
SCHWAB STRATEGIC TR	SCHG	$3.9M	107,424	0.41%	+0.05pp	19q	+2.4%+$91.8K
BRINKER INTL INC	EAT	$3.8M	19,821	0.41%	+0.07pp	20q	HELD
TJX COS INC NEW	TJX	$3.8M	28,690	0.41%	-0.04pp	25q	HELD
ASTRAZENECA PLC	AZN	$3.8M	23,387	0.40%	-0.06pp	3q	-2.0%-$77.5K
REGIONS FINANCIAL CORP NEW	RF	$3.7M	137,764	0.40%	-0.03pp	23q	HELD
WESTERN DIGITAL CORP	WDC	$3.7M	8,064	0.39%	-0.06pp	3q	+16.9%+$529.0K
ISHARES TR	IGIB	$3.6M	71,703	0.39%	-0.01pp	32q	-2.9%-$108.8K
CBRE GROUP INC	CBRE	$3.6M	28,088	0.39%	-0.01pp	32q	-3.9%-$147.7K
SELECT SECTOR SPDR TR	XLV	$3.5M	20,942	0.38%	+0.03pp	32q	-1.5%-$52.2K
ISHARES TR	IBTM	$3.5M	162,249	0.38%	flat	12q	-1.2%-$42.1K
VANGUARD INDEX FDS	VBR	$3.5M	15,181	0.37%	-0.04pp	24q	-10.4%-$408.7K
COSTCO WHOLESALE CORPORATION	COST	$3.4M	3,721	0.36%	flat	27q	-2.9%-$100.1K
HALOZYME THERAPEUTICS INC	HALO	$3.2M	29,436	0.35%	+0.14pp	10q	+10.8%+$315.5K
WELLTOWER INC	WELL	$3.2M	13,968	0.34%	+0.02pp	5q	-0.6%-$18.6K
PC CONNECTION INC	CNXN	$3.2M	35,100	0.34%	+0.08pp	32q	HELD
ABBOTT LABORATORIES	ABT	$3.1M	31,592	0.33%	+0.07pp	25q	+10.7%+$302.9K
SOUTHERN COPPER CORP	SCCO	$3.1M	15,329	0.33%	+0.06pp	5q	-1.5%-$46.6K
GALLAGHER ARTHUR J CO	AJG	$3.1M	13,576	0.33%	flat	25q	-4.4%-$144.2K
ISHARES TR	STIP	$3.1M	30,963	0.33%	+0.02pp	32q	+3.1%+$92.3K
MCKESSON CORP	MCK	$3.1M	3,609	0.33%	+0.05pp	5q	-1.5%-$47.0K
iShares Tr	SHV	$3.1M	27,925	0.33%	flat	32q	-5.0%-$160.7K
ISHARES TR	IBDY	$3.0M	124,570	0.33%	-0.01pp	12q	-4.3%-$135.5K
SELECT SECTOR SPDR TR	XLC	$3.0M	27,394	0.32%	+0.01pp	31q	-6.2%-$200.5K
RYDER SYS INC	R	$3.0M	13,214	0.32%	-0.03pp	9q	+1.3%+$39.6K
T MOBILE US INC	TMUS	$3.0M	18,418	0.32%	-0.05pp	26q	-16.0%-$571.6K
GE AEROSPACE	GE	$3.0M	9,553	0.32%	-0.07pp	7q	-5.9%-$188.0K
ISHARES TR	SUB	$3.0M	28,240	0.32%	flat	32q	-4.2%-$130.3K
STATE STR SPDR S&P 500 ETF T	SPY	$2.9M	3,782	0.31%	+0.02pp	32q	HELD
VANGUARD SCOTTSDALE FDS	VGIT	$2.9M	50,601	0.31%	-0.01pp	13q	-5.0%-$150.7K
ISHARES TR	IWB	$2.9M	6,875	0.31%	+0.02pp	32q	HELD
ARISTA NETWORKS INC	ANET	$2.8M	13,881	0.30%	+0.17pp	5q	+85.1%+$1.3M
GENERAC HLDGS INC	GNRC	$2.7M	12,933	0.29%	-0.07pp	32q	+9.0%+$220.0K
ACM RESH INC	ACMR	$2.6M	32,400	0.28%	-0.10pp	6q	+9.3%+$222.5K
VANGUARD SCOTTSDALE FDS	VCSH	$2.6M	33,899	0.28%	flat	32q	-1.2%-$30.5K
ISHARES TR	MBB	$2.6M	29,109	0.28%	-0.01pp	32q	-3.5%-$95.5K
ISHARES INC	EWY	$2.6M	14,032	0.27%	flat	2q	+4.8%+$116.6K
CISCO SYS INC	CSCO	$2.5M	23,662	0.27%	flat	13q	+3.7%+$91.1K
PIPER SANDLER COMPANIES	PIPR	$2.5M	37,536	0.26%	-0.01pp	3q	HELD
BANCORP INC DEL	TBBK	$2.5M	51,379	0.26%	-0.16pp	19q	-23.5%-$759.8K
DECKERS OUTDOOR CORP	DECK	$2.5M	31,441	0.26%	-0.11pp	32q	-14.4%-$413.0K
MATADOR RES CO	MTDR	$2.4M	46,642	0.26%	+0.01pp	23q	-4.0%-$100.5K
ISHARES TR	TIP	$2.4M	22,927	0.25%	flat	32q	HELD
STEEL DYNAMICS INC	STLD	$2.4M	10,760	0.25%	flat	4q	-1.2%-$27.9K
CHENIERE ENERGY INC	LNG	$2.4M	8,822	0.25%	+0.03pp	20q	-2.5%-$60.0K
ISHARES TR	IVV	$2.3M	3,052	0.25%	+0.02pp	32q	+1.2%+$28.3K
SCHWAB STRATEGIC TR	SCHF	$2.3M	84,090	0.25%	+0.02pp	7q	+2.3%+$52.5K
VANGUARD INTL EQUITY INDEX F	VEU	$2.3M	27,594	0.24%	+0.02pp	7q	+2.4%+$53.2K
INVESCO EXCH TRADED FD TR II	RWJ	$2.2M	39,545	0.24%	-0.01pp	17q	-3.6%-$84.0K
ISHARES TR	EEM	$2.2M	32,817	0.23%	flat	32q	-1.7%-$37.3K
ISHARES TR	TFLO	$2.2M	43,026	0.23%	+0.01pp	32q	+1.5%+$32.9K
DEERE CO	DE	$2.2M	3,202	0.23%	+0.02pp	32q	+0.7%+$15.4K
RTX CORPORATION	RTX	$2.1M	11,578	0.23%	+0.01pp	6q	+2.1%+$44.4K
EVERCORE INC	EVR	$2.1M	8,188	0.23%	-0.06pp	32q	HELD
ISHARES TR	MUB	$2.1M	20,533	0.22%	-0.02pp	32q	-5.3%-$116.2K
VANGUARD SCOTTSDALE FDS	VGLT	$2.1M	41,055	0.22%	-0.02pp	13q	-2.8%-$58.3K
ISHARES TR	TLT	$2.0M	26,128	0.22%	-0.04pp	32q	-11.0%-$251.2K
VANGUARD SCOTTSDALE FDS	VCIT	$2.0M	25,753	0.22%	flat	32q	HELD
CORCEPT THERAPEUTICS INC	CORT	$2.0M	17,122	0.21%	+0.06pp	18q	HELD
INNOVIVA INC	INVA	$1.9M	90,409	0.20%	+0.02pp	32q	+10.8%+$186.6K
HCA Healthcare, Inc.	HCA	$1.9M	4,470	0.20%	+0.05pp	4q	+15.5%+$255.6K
AMGEN INC	AMGN	$1.9M	4,516	0.20%	+0.04pp	32q	+3.3%+$61.1K
INVESCO EXCHANGE TRADED FD T	RSPT	$1.9M	28,444	0.20%	-0.14pp	2q	-45.0%-$1.5M
SCHWAB STRATEGIC TR	SCHE	$1.9M	51,058	0.20%	+0.02pp	27q	+3.4%+$60.6K
VANGUARD INTL EQUITY INDEX F	VWO	$1.8M	30,980	0.20%	+0.01pp	6q	HELD
EXCHANGE TRADED CONCEPTS TRU	NUKZ	$1.8M	30,379	0.20%	-0.02pp	6q	-1.7%-$32.5K
UNITED THERAPEUTICS CORP DEL	UTHR	$1.8M	3,370	0.20%	+0.02pp	13q	+4.5%+$79.1K
ISHARES TR	IWC	$1.7M	9,403	0.19%	-0.01pp	4q	HELD
INTEGER HLDGS CORP	ITGR	$1.7M	13,671	0.18%	+0.05pp	32q	HELD
WESCO INTL INC	WCC	$1.7M	4,796	0.18%	+0.02pp	20q	HELD
NELNET INC	NNI	$1.7M	13,857	0.18%	-0.01pp	32q	HELD
EZCORP INC	EZPW	$1.7M	56,747	0.18%	flat	18q	+8.0%+$125.0K
ISHARES TR	IGV	$1.7M	15,815	0.18%	+0.01pp	2q	-16.0%-$321.5K
LPL FINL HLDGS INC	LPLA	$1.7M	5,473	0.18%	+0.01pp	29q	-8.8%-$161.8K
FIRST BANCORP CORPORATION	FBP	$1.6M	60,640	0.17%	+0.01pp	32q	HELD
WISDOMTREE INC	WT	$1.6M	65,499	0.17%	+0.06pp	10q	+6.5%+$96.8K
ISHARES TR	IXC	$1.5M	26,484	0.16%	+0.03pp	24q	+2.2%+$32.5K
WARRIOR MET COAL INC	HCC	$1.5M	17,069	0.16%	+0.03pp	17q	+8.2%+$114.5K
ISHARES TR	IBDR	$1.5M	61,982	0.16%	flat	4q	DEBT
MGIC INVT CORP WIS	MTG	$1.5M	57,769	0.16%	-0.01pp	24q	HELD
INVESCO QQQ TR	QQQ	$1.5M	1,979	0.16%	+0.01pp	32q	-0.5%-$7.4K
SPDR SERIES TRUST	SPSB	$1.5M	49,397	0.16%	flat	26q	-4.2%-$64.0K
NEXTERA ENERGY INC	NEE	$1.5M	19,225	0.16%	-0.01pp	32q	+5.6%+$77.5K
SPDR GOLD TR	GLD	$1.4M	3,735	0.15%	+0.01pp	14q	HELD
JANUS DETROIT STR TR	JMBS	$1.4M	33,473	0.15%	+0.01pp	12q	+5.3%+$71.5K
BOOT BARN HLDGS INC	BOOT	$1.4M	11,556	0.15%	-0.07pp	12q	-11.3%-$176.8K
PRICESMART INC	PSMT	$1.4M	8,191	0.15%	flat	9q	+8.5%+$108.2K
FIRST TR EXCHANGE TRADED FD	CIBR	$1.4M	13,379	0.15%	+0.02pp	23q	-4.0%-$56.8K
BRADY CORP	BRC	$1.4M	16,497	0.15%	+0.02pp	3q	+23.1%+$258.8K
POWELL INDS INC	POWL	$1.4M	7,464	0.15%	-0.06pp	7q	+7.0%+$90.0K
BOISE CASCADE CO DEL	BCC	$1.4M	18,552	0.15%	+0.02pp	32q	+12.1%+$148.3K
INVESCO EXCH TRADED FD TR II	VRP	$1.4M	57,539	0.15%	flat	23q	-0.7%-$9.2K
ELEVANCE HEALTH INC FORMERLY	ELV	$1.4M	3,479	0.14%	flat	32q	-6.6%-$95.3K
PHOTRONICS INC	PLAB	$1.3M	43,170	0.14%	flat	22q	+3.8%+$48.8K
STERLING INFRASTRUCTURE INC	STRL	$1.3M	2,686	0.14%	-0.09pp	7q	HELD
ISHARES TR	IBDS	$1.3M	54,264	0.14%	flat	11q	DEBT
PATRICK INDS INC	PATK	$1.3M	19,204	0.14%	-0.03pp	32q	+5.3%+$66.1K
NETFLIX INC.	NFLX	$1.3M	18,540	0.14%	+0.03pp	15q	+26.3%+$268.4K
ISHARES TR	AGZ	$1.3M	12,051	0.14%	+0.01pp	32q	+2.8%+$35.3K
ISHARES TR	DVY	$1.3M	8,346	0.14%	+0.01pp	6q	+2.5%+$30.9K
THE CIGNA GROUP	CI	$1.3M	4,668	0.14%	+0.02pp	11q	+13.8%+$153.9K
AGREE RLTY CORP	ADC	$1.3M	18,821	0.13%	+0.03pp	21q	+41.4%+$368.2K
VANGUARD MUN BD FDS	VTEB	$1.2M	26,210	0.13%	+0.01pp	32q	+5.7%+$67.2K
VANGUARD SCOTTSDALE FDS	VCLT	$1.2M	18,026	0.13%	-0.02pp	18q	-6.6%-$86.9K
APPLIED INDL TECHNOLOGIES IN	AIT	$1.2M	3,690	0.13%	flat	9q	HELD
WISDOMTREE TR	AGGY	$1.2M	29,704	0.13%	+0.01pp	11q	+5.3%+$61.8K
NATIONAL HEALTHCARE CORP	NHC	$1.2M	5,456	0.13%	+0.03pp	32q	+22.4%+$219.5K
AVNET INC	AVT	$1.2M	11,849	0.13%	+0.03pp	32q	+10.2%+$109.9K
HF SINCLAIR CORP	DINO	$1.2M	10,985	0.13%	+0.05pp	19q	HELD
UIPATH INC	PATH	$1.2M	91,348	0.13%	+0.04pp	3q	+16.6%+$166.9K
MERCHANTS BANCORP IND	MBIN	$1.2M	23,770	0.12%	flat	24q	HELD
LAM RESEARCH CORP	LRCX	$1.2M	3,513	0.12%	-0.04pp	8q	-3.2%-$38.1K
SPINNAKER ETF SERIES	EUAD	$1.2M	27,476	0.12%	flat	6q	-5.9%-$72.2K
RADIAN GROUP INC	RDN	$1.1M	37,164	0.12%	-0.02pp	32q	HELD
INVESCO EXCH TRD SLF IDX FD	BSMV	$1.1M	56,805	0.12%	-	new	NEW
ISHARES TR	IWN	$1.1M	5,393	0.12%	flat	32q	HELD
SCHWAB STRATEGIC TR	SCHM	$1.1M	33,163	0.12%	flat	9q	+2.4%+$26.5K
AMERICAN CENTY ETF TR	AVEM	$1.1M	11,917	0.12%	+0.01pp	7q	+2.4%+$25.8K
PRIMERICA INC	PRI	$1.1M	4,108	0.12%	flat	13q	-2.7%-$30.8K
INTERNATIONAL BUSINESS MACHS	IBM	$1.1M	4,992	0.12%	-0.15pp	6q	-46.5%-$956.0K
SELECT SECTOR SPDR TR	XLY	$1.1M	9,906	0.12%	-0.01pp	32q	-6.6%-$76.2K
AT&T INC	T	$1.1M	43,837	0.11%	-0.03pp	10q	-36.7%-$620.9K
F T I CONSULTING INC	FCN	$1.1M	7,831	0.11%	flat	32q	+8.6%+$83.3K
AVERY DENNISON CORP	AVY	$1.1M	6,168	0.11%	flat	32q	-5.7%-$63.5K
SPDR SERIES TRUST	KRE	$1.0M	14,948	0.11%	flat	24q	HELD
INSTALLED BLDG PRODS INC	IBP	$1.0M	5,399	0.11%	+0.02pp	6q	+45.4%+$323.7K
INVESCO ACTVELY MNGD ETC FD	PDBC	$1.0M	53,389	0.11%	+0.02pp	14q	-3.3%-$34.7K
OTTER TAIL CORP	OTTR	$1.0M	11,581	0.11%	+0.01pp	18q	+8.9%+$83.6K
VIRTUS ETF TR II	SEIX	$1.0M	43,945	0.11%	+0.01pp	19q	+6.3%+$60.8K
GIGACLOUD TECHNOLOGY INC	GCT	$1.0M	19,606	0.11%	+0.05pp	5q	+8.9%+$82.7K
URBAN OUTFITTERS INC	URBN	$1.0M	13,214	0.11%	+0.02pp	10q	+8.4%+$78.3K
ANDERSONS INC	ANDE	$997.3K	15,180	0.11%	+0.01pp	14q	+9.0%+$82.1K
OFG BANCORP	OFG	$993.2K	19,833	0.11%	+0.01pp	32q	HELD
SUPERNUS PHARMACEUTICALS	SUPN	$985.8K	22,904	0.11%	+0.01pp	10q	+9.0%+$81.8K
ASSURED GUARANTY LTD	AGO	$985.3K	14,550	0.11%	flat	32q	+8.2%+$74.5K
SPDR SERIES TRUST	XHB	$984.6K	10,253	0.11%	-0.02pp	32q	HELD
ENPHASE ENERGY INC	ENPH	$963.9K	29,217	0.10%	-	new	NEW
CF INDUSTRIES HOLD	CF	$960.4K	8,337	0.10%	-0.01pp	24q	-17.1%-$198.1K
SABRA HEALTH CARE REIT INC	SBRA	$955.6K	48,458	0.10%	+0.05pp	21q	+101.6%+$481.5K
CURTISS WRIGHT CORP	CW	$955.5K	1,757	0.10%	-0.03pp	5q	HELD
FEDERAL AGRIC MTG CORP	AGM	$945.0K	4,567	0.10%	+0.01pp	32q	HELD
YETI HLDGS INC	YETI	$942.1K	22,966	0.10%	-0.02pp	17q	HELD
INGLES MKTS INC	IMKTA	$929.5K	10,958	0.10%	flat	31q	HELD
ISHARES TR	IBMO	$918.8K	35,835	0.10%	flat	12q	HELD
FIRST TR EXCH TRADED FD III	FUMB	$906.9K	45,571	0.10%	flat	17q	HELD
UNITED STS LIME & MINERALS I	USLM	$901.0K	7,966	0.10%	+0.01pp	24q	HELD
ESCO TECHNOLOGIES INC	ESE	$864.8K	3,262	0.09%	-0.01pp	3q	+9.0%+$71.3K
ISHARES TR	EFG	$858.2K	7,162	0.09%	flat	27q	+1.2%+$9.8K
NETAPP INC	NTAP	$857.5K	4,082	0.09%	-	new	NEW
ISHARES TR	IBMR	$835.1K	33,768	0.09%	flat	12q	+1.2%+$9.8K
FIRST TR EXCH TRADED FD III	FSMB	$834.4K	42,880	0.09%	flat	7q	HELD
DARDEN RESTAURANTS INC	DRI	$831.0K	4,300	0.09%	-0.02pp	20q	-14.7%-$143.4K
DONNELLEY FINL SOLUTIONS INC	DFIN	$819.3K	17,362	0.09%	+0.01pp	24q	HELD
KONTOOR BRANDS INC	KTB	$815.9K	12,944	0.09%	-0.03pp	9q	-7.2%-$62.9K
PROLOGIS INC.	PLD	$798.6K	6,151	0.09%	-0.01pp	24q	-8.9%-$77.9K
ERO COPPER CORP	ERO	$797.8K	21,743	0.09%	+0.03pp	3q	+8.8%+$64.2K
LOCKHEED MARTIN CORP	LMT	$775.1K	1,522	0.08%	flat	32q	-9.1%-$77.4K
SCANSOURCE INC	SCSC	$762.5K	12,984	0.08%	+0.01pp	2q	HELD
ISHARES INC	EWG	$760.8K	18,417	0.08%	flat	7q	HELD
SOUTHSTATE BK CORP	SSB	$735.3K	7,385	0.08%	+0.01pp	5q	+8.0%+$54.8K
ULTA BEAUTY INC	ULTA	$734.6K	1,345	0.08%	-	new	NEW
FOX CORP	FOX	$728.1K	12,932	0.08%	flat	4q	-19.4%-$175.8K
SHELL PLC	SHEL	$727.8K	7,657	0.08%	+0.02pp	4q	-2.9%-$21.4K
SELECT SECTOR SPDR TR	XLI	$722.2K	4,325	0.08%	-0.01pp	32q	-8.0%-$62.5K
HOULIHAN LOKEY INC	HLI	$721.1K	5,708	0.08%	+0.01pp	24q	+8.8%+$58.1K
AXOS FINANCIAL INC	AX	$711.0K	8,213	0.08%	flat	14q	+8.8%+$57.6K
TERRENO RLTY CORP	TRNO	$710.1K	11,001	0.08%	+0.01pp	21q	+12.2%+$77.5K
APPLE HOSPITALITY REIT INC	APLE	$703.3K	43,518	0.08%	+0.01pp	5q	+7.0%+$46.1K
IDACORP INC	IDA	$703.2K	5,379	0.08%	flat	32q	+9.1%+$58.7K
AMERICAN EAGLE OUTFITTERS IN	AEO	$696.6K	39,177	0.07%	+0.01pp	2q	HELD
ISHARES TR	IWD	$692.7K	2,794	0.07%	flat	32q	-3.7%-$26.5K
ISHARES TR	IGLB	$692.3K	15,163	0.07%	-0.01pp	12q	-7.6%-$57.2K
COVISTA INC	CVSA	$692.0K	5,663	0.07%	+0.01pp	7q	+16.1%+$96.2K
GLOBAL X FDS	DTCR	$691.4K	25,476	0.07%	-0.01pp	5q	-1.3%-$8.9K
BUCKLE INC	BKE	$689.6K	16,056	0.07%	flat	10q	HELD
AMPHENOL CORP	APH	$688.4K	8,166	0.07%	+0.05pp	2q	+251.4%+$492.5K
ARCBEST CORP	ARCB	$686.1K	5,384	0.07%	-0.01pp	32q	HELD
FEDERATED HERMES INC	FHI	$679.4K	12,052	0.07%	+0.02pp	13q	+34.6%+$174.7K
MURPHY OIL CORP	MUR	$677.1K	18,289	0.07%	+0.01pp	7q	HELD
ISHARES TR	GVI	$675.7K	6,556	0.07%	flat	32q	HELD
AMERICAN CENTY ETF TR	AVDV	$675.2K	6,173	0.07%	+0.01pp	8q	+2.1%+$14.1K
MUELLER WTR PRODS INC	MWA	$669.5K	31,523	0.07%	-0.01pp	2q	HELD
SIMON PPTY GROUP INC NEW	SPG	$668.9K	3,332	0.07%	-	new	NEW
XENIA HOTELS & RESORTS INC	XHR	$664.8K	36,809	0.07%	flat	32q	+12.2%+$72.2K
FIDELITY COVINGTON TRUST	FELV	$659.3K	15,937	0.07%	-0.07pp	9q	-53.0%-$744.8K
INSIGHT ENTERPRISES INC	NSIT	$634.8K	4,061	0.07%	+0.01pp	32q	-19.8%-$156.8K
SCHWAB STRATEGIC TR	FNDF	$634.8K	11,810	0.07%	+0.01pp	24q	+3.9%+$23.6K
INTERDIGITAL INC	IDCC	$633.9K	1,944	0.07%	+0.01pp	6q	HELD
PFIZER INC	PFE	$628.0K	22,019	0.07%	+0.04pp	3q	+119.5%+$341.9K
ISHARES TR	IBLC	$627.4K	13,732	0.07%	flat	3q	+2.7%+$16.3K
DIGITAL RLTY TR INC	DLR	$626.5K	3,569	0.07%	flat	25q	-2.6%-$16.7K
AVISTA CORP	AVA	$626.1K	17,842	0.07%	flat	8q	+11.0%+$62.0K
INVESCO EXCHANGE TRADED FD T	XSMO	$625.7K	7,670	0.07%	flat	9q	+2.8%+$16.9K
VANGUARD INTL EQUITY INDEX F	VT	$615.9K	3,902	0.07%	-0.13pp	2q	-68.5%-$1.3M
SPDR SERIES TRUST	CWB	$611.8K	6,047	0.07%	-0.04pp	2q	-39.2%-$395.0K
ISHARES TR	ICVT	$590.0K	5,224	0.06%	flat	13q	HELD
SELECT SECTOR SPDR TR	XLRE	$587.5K	14,360	0.06%	-0.01pp	30q	-7.3%-$46.1K
KITE REALTY GROUP TRUST	KRG	$584.0K	23,943	0.06%	flat	5q	+11.4%+$59.8K
MODINE MFG CO	MOD	$583.9K	3,119	0.06%	-0.02pp	11q	HELD
PORTLAND GEN ELEC CO	POR	$580.9K	13,015	0.06%	flat	32q	+9.4%+$49.7K
NUCOR CORP	NUE	$580.4K	2,483	0.06%	-0.01pp	17q	-18.4%-$130.7K
CRA INTL INC	CRAI	$566.3K	3,450	0.06%	+0.01pp	22q	HELD
ISHARES TR	ICF	$566.1K	9,000	0.06%	flat	32q	HELD
DORIAN LPG LTD	LPG	$563.6K	10,236	0.06%	+0.02pp	23q	-4.6%-$27.1K
CELANESE CORP DEL	CE	$562.6K	12,680	0.06%	flat	3q	HELD
CENTRAL GARDEN & PET CO	CENTA	$558.7K	16,667	0.06%	-0.01pp	23q	HELD
MAGNOLIA OIL & GAS CORP	MGY	$556.4K	23,687	0.06%	flat	23q	-0.8%-$4.7K
ALKERMES PLC	ALKS	$553.1K	13,650	0.06%	flat	9q	+32.7%+$136.3K
ACADEMY SPORTS & OUTDOORS IN	ASO	$549.2K	11,421	0.06%	+0.01pp	9q	+16.9%+$79.3K
DXC Technology Co	DXC	$546.7K	50,478	0.06%	+0.01pp	4q	HELD
ARCHER DANIELS MIDLAND CO	ADM	$544.1K	6,854	0.06%	-	new	NEW
SELECT SECTOR SPDR TR	XLF	$540.6K	10,124	0.06%	flat	32q	-0.5%-$2.9K
NORTHROP GRUMMAN CORP	NOC	$539.2K	1,115	0.06%	flat	32q	HELD
KINIKSA PHARMACEUTICALS INTL	KNSA	$524.3K	7,027	0.06%	+0.01pp	5q	HELD
ISHARES TR	IBMP	$521.9K	20,676	0.06%	flat	12q	HELD
V2X INC	VVX	$519.0K	7,334	0.06%	flat	32q	HELD
VANGUARD INTL EQUITY INDEX F	VGK	$505.4K	5,822	0.05%	-0.01pp	7q	-14.7%-$87.2K
INVESCO EXCHANGE TRADED FD T	RSPR	$502.4K	15,112	0.05%	flat	24q	-2.8%-$14.5K
ISHARES TR	IBDU	$499.4K	22,010	0.05%	flat	12q	HELD
ENTERGY CORP NEW	ETR	$496.0K	4,997	0.05%	-0.02pp	6q	-14.2%-$82.4K
VANGUARD BD INDEX FDS	BSV	$494.8K	6,476	0.05%	flat	8q	-1.2%-$6.0K
SANDISK CORP	SNDK	$487.2K	280	0.05%	+0.02pp	2q	+87.9%+$227.9K
ENSIGN GROUP INC	ENSG	$480.2K	2,792	0.05%	+0.01pp	8q	HELD
UBER TECHNOLOGIES INC	UBER	$474.4K	6,924	0.05%	-0.01pp	6q	-21.0%-$125.9K
PROGRESS SOFTWARE CORP	PRGS	$466.7K	11,677	0.05%	+0.02pp	18q	+49.2%+$153.9K
STAG INDUSTRIAL INC	STAG	$461.9K	12,900	0.05%	+0.01pp	21q	+16.2%+$64.5K
PETROLEO BRASILEIRO S A	PBR	$455.1K	21,806	0.05%	+0.01pp	11q	HELD
OPTION CARE HEALTH INC	OPCH	$452.5K	20,122	0.05%	+0.02pp	18q	+53.6%+$158.0K
NUVEEN MUN VALUE FD INC	NUV	$448.6K	54,116	0.05%	flat	32q	HELD
NEXSTAR MEDIA GROUP INC	NXST	$448.5K	2,776	0.05%	flat	5q	+14.0%+$54.9K
AXCELIS TECHNOLOGIES INC	ACLS	$447.1K	3,408	0.05%	-0.02pp	6q	HELD
WINMARK CORP	WINA	$431.7K	1,438	0.05%	-0.03pp	18q	-23.6%-$133.0K
AMPLIFY ETF TR	BLOK	$427.0K	6,973	0.05%	flat	4q	+7.8%+$31.0K
SCHWAB STRATEGIC TR	SCUS	$423.0K	16,844	0.05%	flat	4q	+3.4%+$13.8K
EPLUS INC	PLUS	$421.6K	4,684	0.05%	+0.01pp	24q	HELD
TD SYNNEX CORPORATION	SNX	$413.3K	1,609	0.04%	-0.01pp	6q	-14.3%-$68.8K
AMERICAN FINANCIAL GROUP INC	AFG	$409.7K	2,996	0.04%	flat	32q	HELD
EMERGENT BIOSOLUTIONS INC	EBS	$409.0K	61,963	0.04%	-0.01pp	4q	HELD
ISHARES INC	EWC	$408.7K	7,000	0.04%	flat	32q	HELD
SPDR SERIES TRUST	EBND	$407.7K	19,792	0.04%	flat	6q	+3.0%+$11.7K
EPR PPTYS	EPR	$406.7K	7,246	0.04%	flat	7q	+8.2%+$30.9K
EA SERIES TRUST	FRDM	$392.1K	5,605	0.04%	-	new	NEW
NORTHERN OIL & GAS INC	NOG	$388.2K	16,968	0.04%	+0.01pp	3q	HELD
HAVERTY FURNITURE COS INC	HVT	$386.9K	13,983	0.04%	+0.01pp	32q	HELD
CAMBRIA ETF TR	GVAL	$382.6K	10,110	0.04%	-	new	NEW
INNOVATIVE SOLUTIONS & SUPPO	IA	$378.8K	20,400	0.04%	flat	9q	HELD
SPDR INDEX SHS FDS	SPDW	$378.5K	7,538	0.04%	-	new	NEW
BankUnited, Inc.	BKU	$377.6K	8,949	0.04%	flat	7q	HELD
NEWMONT CORP	NEM	$375.2K	3,253	0.04%	+0.01pp	6q	-11.2%-$47.4K
PENNANT GROUP INC	PNTG	$370.9K	9,509	0.04%	flat	2q	HELD
ISHARES TR	SOXX	$367.9K	647	0.04%	-	new	NEW
UNION PAC CORP	UNP	$365.5K	1,343	0.04%	-0.01pp	26q	-17.8%-$79.2K
UFP TECHNOLOGIES INC	UFPT	$365.1K	1,230	0.04%	+0.01pp	11q	HELD
URBAN EDGE PPTYS	UE	$360.3K	18,449	0.04%	flat	7q	+17.9%+$54.7K
ISHARES TR	IBMQ	$359.7K	14,306	0.04%	flat	12q	+3.7%+$12.7K
ETF SER SOLUTIONS	QTUM	$353.7K	2,333	0.04%	-	new	NEW
ANI PHARMACEUTICALS INC	ANIP	$352.4K	4,850	0.04%	flat	9q	+4.3%+$14.5K
NWPX INFRASTRUCTURE INC	NWPX	$349.7K	3,394	0.04%	-0.01pp	4q	HELD
ISHARES TR	IBDX	$338.6K	14,068	0.04%	flat	8q	HELD
SELECT SECTOR SPDR TR	XLU	$319.7K	8,106	0.03%	flat	12q	-2.4%-$8.0K
CARETRUST REIT INC	CTRE	$315.2K	8,618	0.03%	flat	5q	+19.4%+$51.2K
REX AMERICAN RES CORP	REX	$313.7K	7,220	0.03%	flat	5q	HELD
ACME UTD CORP	ACU	$305.9K	4,824	0.03%	+0.01pp	3q	HELD
ISHARES TR	TLH	$299.6K	3,250	0.03%	-0.01pp	32q	-26.3%-$106.9K
ISHARES TR	IBTJ	$290.7K	13,696	0.03%	flat	12q	HELD
ZYMEWORKS INC	ZYME	$289.4K	10,925	0.03%	flat	11q	HELD
ISHARES TR	IWY	$287.8K	976	0.03%	flat	18q	HELD
INNOSPEC INC	IOSP	$287.4K	3,015	0.03%	+0.01pp	32q	HELD
CENTURY COMMUNITIES INC	CCS	$287.3K	4,769	0.03%	flat	32q	HELD
CORE NATURAL RESOURCES INC	CNR	$286.6K	3,339	0.03%	flat	7q	HELD
MARATHON PETE CORP	MPC	$278.4K	704	0.03%	-	new	NEW
CLEVELAND-CLIFFS INC NEW	CLF	$272.7K	24,771	0.03%	+0.01pp	32q	HELD
ISHARES TR	IBTK	$272.5K	14,350	0.03%	flat	12q	HELD
SPDR SERIES TRUST	SDY	$272.3K	1,859	0.03%	flat	30q	-6.3%-$18.5K
INVESCO CURRENCYSHARES SWISSSWISS FRANC	FXF	$263.5K	2,500	0.03%	flat	6q	HELD
INVESTAR HOLDING CORP	ISTR	$254.7K	8,819	0.03%	flat	4q	HELD
ISHARES TR	IBTG	$251.7K	11,000	0.03%	flat	8q	HELD
AMTECH SYS INC	ASYS	$245.0K	14,600	0.03%	-0.01pp	5q	HELD
ROCKY BRANDS INC	RCKY	$243.3K	5,445	0.03%	flat	3q	HELD
ARGAN INC	AGX	$242.3K	641	0.03%	-0.03pp	4q	HELD
BEST BUY INC	BBY	$237.3K	2,689	0.03%	flat	32q	-30.5%-$104.3K
GEO GROUP INC	GEO	$234.3K	7,691	0.03%	flat	2q	HELD
Clearway Energy, Inc.	CWEN	$233.2K	7,966	0.02%	flat	7q	HELD
ISHARES TR	IJR	$230.5K	1,694	0.02%	flat	3q	+4.6%+$10.1K
INVESCO EXCHANGE TRADED FD T	RSPD	$230.4K	4,454	0.02%	flat	24q	HELD
FRIEDMAN INDS INC	FRD	$229.2K	6,000	0.02%	-	new	NEW
ISHARES TR	USIG	$228.4K	4,690	0.02%	flat	32q	HELD
SM ENERGY COMPANY	SM	$226.3K	6,700	0.02%	-	new	NEW
PHIBRO ANIMAL HEALTH CORP	PAHC	$223.7K	6,260	0.02%	-	new	NEW
GENCO SHIPPING & TRADING LTD	GNK	$214.4K	8,194	0.02%	flat	2q	HELD
SUPER MICRO COMPUTER INC	SMCI	$212.3K	5,170	0.02%	-	new	NEW
BLUE BIRD CORP	BLBD	$212.0K	3,819	0.02%	-0.01pp	3q	HELD
IRADIMED CORP	IRMD	$211.6K	2,454	0.02%	flat	4q	HELD
PRO-DEX INC COLO	PDEX	$207.0K	3,000	0.02%	-	new	NEW
VANGUARD SPECIALIZED FUNDS	VIG	$203.9K	874	0.02%	flat	2q	HELD
ELTEK LTD	ELTK	$203.9K	25,907	0.02%	flat	27q	HELD
CPI Aerostructures, Inc.	CVU	$180.5K	34,848	0.02%	flat	25q	HELD
BOS BETTER ONLINE SOLUTIONS	BOSC	$169.3K	36,565	0.02%	flat	32q	HELD
TRIO TECH INTL	TRT	$156.1K	24,016	0.02%	-0.01pp	10q	HELD
CPS TECHNOLOGIES CORP	CPSH	$153.6K	41,072	0.02%	-0.01pp	25q	HELD
GLOBAL SELF STORAGE INC	SELF	$118.3K	24,100	0.01%	flat	18q	HELD
BROADWIND INC	BWEN	$113.3K	27,100	0.01%	flat	10q	HELD
FLEXIBLE SOLUTIONS INTL INC	FSI	$110.0K	18,300	0.01%	flat	16q	HELD
NUVEEN CALIFORNIA MUNI VLU F	NCA	$86.9K	10,230	0.01%	flat	9q	HELD
MASTECH HLDGS INC	MHH	$84.9K	12,126	0.01%	flat	6q	HELD
Opus Genetics, Inc.	IRD	$79.2K	16,364	0.01%	flat	6q	HELD
MANHATTAN BRDG CAP INC	LOAN	$78.4K	21,186	0.01%	flat	32q	HELD
PIONEER PWR SOLUTIONS INC	PPSI	$73.6K	21,786	0.01%	flat	5q	HELD
CBAK ENERGY TECHNOLOGY LTD	CBAT	$69.9K	52,521	0.01%	flat	2q	HELD
VIRCO MFG CO	VIRC	$68.5K	10,503	0.01%	flat	32q	HELD
DATA I/O CORP	DAIO	$65.6K	22,402	0.01%	flat	32q	HELD
KOSS CORP	KOSS	$62.2K	15,475	0.01%	flat	10q	HELD
RAVE RESTAURANT GROUP INC	RAVE	$57.5K	25,000	0.01%	flat	13q	HELD
ALPHA PRO TECH LTD	APT	$56.6K	11,050	0.01%	flat	6q	HELD
AMERICAN SHARED HOSPITAL SERVI	AMS	$42.2K	29,725	0.00%	flat	32q	HELD
EOS ENERGY ENTERPRISES INC	EOSE	$39.9K	13,019	0.00%	flat	13q	+13.8%+$4.8K
TANDY LEATHER FACTORY INC	TLF	$31.4K	12,573	0.00%	flat	6q	HELD
WILLAMETTE VALLEY VINEYARDS	WVVI	$22.6K	12,921	0.00%	flat	32q	HELD
NATURAL ALTERNATIVES INTL	NAII	$14.9K	10,022	0.00%	flat	32q	HELD
GAIA INC NEW	GAIA	$14.0K	10,600	0.00%	flat	15q	HELD
SURGEPAYS INC	SURG	$4.9K	32,500	0.00%	flat	13q	HELD

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	$90.1M	9.6%
Semiconductors & Electronics	$77.9M	8.3%
Retail & Consumer	$72.6M	7.8%
Capital Markets	$57.0M	6.1%
Banks & Lending	$55.0M	5.9%
Biotech & Pharma	$51.2M	5.5%
Computer Hardware	$47.4M	5.1%
Industrials	$44.0M	4.7%
Energy	$33.4M	3.6%
Business Services	$28.8M	3.1%
Insurance	$16.2M	1.7%
Chemicals	$15.7M	1.7%
Other sectors	$102.9M	11.0%
Not classified	$243.9M	26.0%

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	-2.3%	+2.1%	-4.4%	99%
Q2 2026	+10.9%	+14.8%	-3.9%	100%
Q1 2026	+0.4%	-4.6%	+5.0%	99%
Q4 2025	+2.2%	+2.4%	-0.2%	100%
Q3 2025	+8.3%	+7.8%	+0.5%	100%
Q2 2025	+7.8%	+10.5%	-2.6%	100%
Q1 2025	-3.2%	-4.6%	+1.4%	100%
Q4 2024	-0.5%	+2.1%	-2.7%	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	$936.2M	373	18	102	127	20	26.9%	22
Q2 2026	$983.8M	375	27	76	102	11	26.4%	24
Q1 2026	$891.2M	359	20	61	132	22	26.4%	24
Q4 2025	$915.8M	361	21	61	132	16	29.0%	29
Q3 2025	$914.9M	356	25	126	116	7	27.8%	31
Q2 2025	$841.0M	338	26	55	112	14	27.4%	32
Q1 2025	$787.6M	326	19	54	104	23	26.0%	32
Q4 2024	$839.9M	330	16	57	121	18	27.6%	30
Q3 2024	$866.6M	332	22	69	117	17	25.1%	29
Q2 2024	$839.6M	327	16	56	108	11	25.8%	30
Q1 2024	$841.5M	322	27	59	131	13	23.3%	31
Q4 2023	$796.2M	308	28	38	125	10	23.4%	37
Q3 2023	$757.5M	290	18	57	84	12	23.4%	31
Q2 2023	$782.3M	284	11	60	95	299	23.7%	38
Q1 2023	$755.8M	572	71	119	140	72	22.1%	26
Q4 2022	$715.0M	573	90	91	207	38	23.4%	30
Q3 2022	$700.9M	521	44	73	152	33	24.9%	31
Q2 2022	$747.1M	510	59	69	200	47	25.6%	32
Q1 2022	$953.1M	498	57	80	179	59	23.8%	22
Q4 2021	$1.1B	500	51	75	237	38	22.8%	28
Q3 2021	$1.1B	487	47	71	165	56	22.8%	22
Q2 2021	$1.2B	496	45	104	189	31	21.6%	26
Q1 2021	$1.1B	482	68	137	163	90	21.0%	22
Q4 2020	$1.1B	504	95	108	186	57	20.7%	27
Q3 2020	$1.1B	466	78	72	185	57	24.9%	23
Q2 2020	$1.1B	445	39	100	182	58	25.6%	24
Q1 2020	$966.4M	464	50	77	204	95	26.1%	22
Q4 2019	$1.4B	509	15	121	164	75	22.0%	24
Q3 2019	$1.4B	569	18	126	182	112	23.9%	30
Q2 2019	$1.4B	663	28	137	335	184	22.7%	24
Q1 2019	$1.5B	819	146	139	388	136	20.1%	26
Q4 2018	$1.6B	809	0	0	0	0	18.6%	22

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.