DaveManuel.com · Institutional Ownership · 13F Holdings

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC

Reported holdings as of Q3 2026, from 31 quarterly filings.

CIK

944361

Reported value

$7.7B

Positions

241

Top 10 weight

64.0%

Filed

2026-10-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
VANGUARD INDEX FDS	VOO	$1.7B	2,447,239	22.40%	+1.15pp	8q	+4.0%+$65.7M
VANGUARD TAX-MANAGED FDS	VEA	$816.6M	11,564,903	10.67%	+0.31pp	16q	+4.6%+$36.0M
INVESCO EXCHANGE TRADED FD T	SPHQ	$649.5M	7,724,643	8.48%	-0.24pp	15q	+4.9%+$30.3M
VANGUARD MUN BD FDS	VTEB	$325.3M	6,867,973	4.25%	flat	16q	+7.4%+$22.4M
SPDR SERIES TRUST	SPSM	$275.4M	5,209,244	3.60%	-0.21pp	15q	+3.7%+$9.9M
VANGUARD INTL EQUITY INDEX F	VWO	$265.7M	4,480,430	3.47%	+0.16pp	31q	+6.1%+$15.2M
SPDR SERIES TRUST	SPAB	$257.4M	10,567,608	3.36%	+0.08pp	15q	+8.0%+$19.0M
VANGUARD SCOTTSDALE FDS	VGIT	$254.1M	4,484,719	3.32%	+0.06pp	11q	+6.9%+$16.3M
ISHARES TR	MBB	$184.6M	2,059,309	2.41%	-0.02pp	16q	+5.2%+$9.1M
SPDR SERIES TRUST	SPIB	$153.8M	4,764,034	2.01%	+0.05pp	15q	+7.0%+$10.1M
PROSHARES TR	NOBL	$145.9M	2,696,373	1.91%	-0.08pp	31q	HELD
FRANKLIN TEMPLETON ETF TR	FLMI	$127.2M	5,453,864	1.66%	-0.07pp	7q	+4.5%+$5.5M
BLACKROCK ETF TRUST II	BINC	$118.9M	2,340,870	1.55%	+0.03pp	3q	+6.0%+$6.8M
SPDR SERIES TRUST	SPYG	$111.0M	901,915	1.45%	+0.02pp	16q	-1.1%-$1.2M
ISHARES TR	IVW	$101.6M	713,836	1.33%	-0.05pp	16q	-6.4%-$6.9M
INVESCO EXCH TRADED FD TR II	PZA	$94.8M	4,430,218	1.24%	-0.09pp	11q	+3.3%+$3.1M
ISHARES TR	IEFA	$91.0M	939,180	1.19%	-0.07pp	31q	-5.5%-$5.3M
ISHARES TR	IVE	$78.2M	342,504	1.02%	-0.08pp	16q	-7.4%-$6.2M
VANGUARD INDEX FDS	VTI	$77.0M	205,764	1.01%	+0.08pp	26q	+7.9%+$5.6M
SCHWAB STRATEGIC TR	SCHB	$72.5M	2,473,871	0.95%	-0.02pp	16q	-2.1%-$1.6M
DIMENSIONAL ETF TRUST	DFAC	$72.4M	1,628,789	0.95%	-0.03pp	22q	-3.0%-$2.3M
J P MORGAN EXCHANGE TRADED F	JIRE	$62.1M	755,700	0.81%	flat	13q	+1.4%+$856.4K
ISHARES TR	PFF	$60.7M	2,056,012	0.79%	-0.03pp	16q	HELD
ISHARES TR	MUB	$59.8M	591,044	0.78%	+0.16pp	16q	+35.4%+$15.6M
ISHARES TR	QUAL	$56.9M	256,011	0.74%	+0.01pp	26q	+0.8%+$468.9K
APPLE INC	AAPL	$47.7M	143,324	0.62%	-0.04pp	31q	-18.4%-$10.8M
VANECK ETF TRUST	ITM	$47.5M	1,080,675	0.62%	-0.03pp	13q	+2.4%+$1.1M
ISHARES TR	IGLB	$45.8M	1,003,958	0.60%	-0.03pp	3q	+4.6%+$2.0M
SPDR SERIES TRUST	HYMB	$42.7M	1,821,246	0.56%	flat	8q	+8.5%+$3.3M
DIMENSIONAL ETF TRUST	DFAX	$39.8M	1,074,931	0.52%	-0.02pp	21q	-4.1%-$1.7M
ISHARES TR	IVV	$39.3M	51,303	0.51%	+0.01pp	16q	+0.7%+$255.0K
SPDR SERIES TRUST	SHM	$38.5M	826,147	0.50%	+0.03pp	12q	+10.3%+$3.6M
ISHARES INC	IEMG	$38.3M	472,221	0.50%	-0.05pp	16q	-6.5%-$2.7M
ISHARES TR	IWY	$36.6M	123,951	0.48%	-0.04pp	11q	-7.9%-$3.1M
MICROSOFT CORP	MSFT	$36.5M	71,144	0.48%	+0.05pp	31q	-17.8%-$7.9M
SPDR INDEX SHS FDS	CWI	$34.1M	843,691	0.45%	-0.02pp	16q	-2.1%-$716.9K
SCHWAB STRATEGIC TR	SCHG	$32.6M	908,375	0.43%	+0.01pp	16q	-2.5%-$828.2K
SCHWAB STRATEGIC TR	SCHA	$29.5M	904,879	0.39%	-0.02pp	16q	+5.4%+$1.5M
VANGUARD INTL EQUITY INDEX F	VEU	$28.0M	336,941	0.37%	-0.02pp	16q	-2.9%-$830.4K
ISHARES TR	IJR	$23.4M	171,995	0.31%	-0.04pp	16q	-2.7%-$659.5K
INVESCO EXCH TRADED FD TR II	SPLV	$22.7M	321,510	0.30%	-0.03pp	16q	-3.1%-$727.2K
J P MORGAN EXCHANGE TRADED F	JMST	$21.9M	432,556	0.29%	-0.01pp	16q	-2.3%-$518.1K
J P MORGAN EXCHANGE TRADED F	JPST	$21.2M	421,870	0.28%	+0.04pp	26q	+18.2%+$3.3M
ISHARES TR	IBTH	$20.9M	934,872	0.27%	-0.02pp	12q	-4.7%-$1.0M
SCHWAB STRATEGIC TR	SCHV	$20.8M	624,241	0.27%	-0.03pp	16q	-5.6%-$1.2M
STATE STR SPDR S&P 500 ETF T	SPY	$18.7M	24,557	0.24%	+0.01pp	29q	+0.6%+$118.2K
SCHWAB STRATEGIC TR	SCHZ	$18.5M	836,926	0.24%	-0.02pp	16q	-4.1%-$785.0K
SCHWAB STRATEGIC TR	SCHF	$16.8M	611,732	0.22%	-0.02pp	16q	-8.9%-$1.6M
NVIDIA CORPORATION	NVDA	$16.6M	72,865	0.22%	-0.08pp	10q	-35.1%-$9.0M
ISHARES TR	IQLT	$15.9M	321,091	0.21%	-0.04pp	26q	-16.7%-$3.2M
VANECK ETF TRUST	MLN	$15.8M	969,982	0.21%	+0.09pp	8q	+90.7%+$7.5M
SPDR INDEX SHS FDS	SPDW	$15.0M	298,183	0.20%	+0.03pp	20q	+21.5%+$2.6M
ROCKWELL AUTOMATION INC	ROK	$14.7M	33,801	0.19%	-0.03pp	26q	+0.9%+$130.6K
ISHARES TR	IWF	$14.4M	115,341	0.19%	flat	16q	HELD
ISHARES TR	AGG	$13.3M	140,225	0.17%	+0.01pp	16q	+13.5%+$1.6M
VANGUARD SPECIALIZED FUNDS	VIG	$13.1M	55,954	0.17%	-0.01pp	16q	-4.3%-$588.2K
ISHARES TR	IBTI	$12.8M	583,324	0.17%	+0.03pp	12q	+24.9%+$2.5M
ISHARES TR	ITOT	$11.9M	71,736	0.16%	-0.01pp	16q	-8.1%-$1.0M
J P MORGAN EXCHANGE TRADED F	JMUB	$11.8M	247,459	0.15%	+0.11pp	6q	+271.6%+$8.6M
ISHARES TR	SUSL	$11.7M	86,122	0.15%	flat	24q	HELD
ISHARES TR	IXUS	$11.4M	119,721	0.15%	-0.03pp	31q	-15.5%-$2.1M
JOHNSON & JOHNSON	JNJ	$10.5M	39,674	0.14%	+0.03pp	12q	+23.5%+$2.0M
SPDR SERIES TRUST	TFI	$10.2M	239,311	0.13%	-0.03pp	16q	-12.0%-$1.4M
SPDR SERIES TRUST	SDY	$9.6M	65,731	0.13%	-0.01pp	16q	HELD
ISHARES TR	CMF	$9.5M	175,352	0.12%	-0.02pp	11q	-10.2%-$1.1M
ISHARES TR	EAGG	$9.1M	201,872	0.12%	-0.01pp	24q	-3.4%-$321.2K
ISHARES TR	IBMP	$8.9M	351,742	0.12%	+0.01pp	16q	+13.5%+$1.1M
VANGUARD ADMIRAL FDS INC	VOOV	$8.8M	39,993	0.12%	-0.03pp	3q	-22.7%-$2.6M
AMAZON COM INC	AMZN	$8.6M	34,578	0.11%	-0.02pp	18q	-19.4%-$2.1M
ALPHABET INC	GOOGL	$8.6M	24,914	0.11%	-0.03pp	12q	-17.1%-$1.8M
ISHARES TR	IGEB	$8.4M	197,098	0.11%	-0.04pp	7q	-22.9%-$2.5M
ISHARES TR	IBMQ	$8.3M	331,471	0.11%	+0.01pp	16q	+11.2%+$840.0K
ISHARES TR	IBMR	$8.2M	331,319	0.11%	+0.02pp	8q	+32.3%+$2.0M
BLACKROCK ETF TRUST	DYNF	$8.0M	115,076	0.10%	-0.02pp	7q	-18.2%-$1.8M
VANGUARD INDEX FDS	VUG	$7.9M	87,639	0.10%	-0.01pp	16q	-8.7%-$753.7K
ISHARES TR	IJH	$7.9M	109,532	0.10%	-0.01pp	16q	-1.8%-$148.5K
VANGUARD CALIF TAX FREE FDS	VTEC	$7.8M	82,391	0.10%	+0.05pp	2q	+119.3%+$4.2M
ISHARES TR	IBDS	$7.6M	314,418	0.10%	+0.02pp	26q	DEBT
ISHARES TR	IBTJ	$7.5M	351,915	0.10%	+0.03pp	12q	+48.0%+$2.4M
ISHARES TR	IBDT	$7.4M	297,866	0.10%	+0.02pp	26q	+33.7%+$1.9M
SCHWAB STRATEGIC TR	SCHE	$7.2M	197,935	0.09%	flat	16q	-0.6%-$43.4K
WALMART INC	WMT	$7.0M	67,773	0.09%	-0.01pp	11q	-4.7%-$349.6K
ISHARES TR	IBDU	$7.0M	309,053	0.09%	+0.03pp	8q	+44.3%+$2.2M
ISHARES TR	IEI	$6.8M	60,316	0.09%	-0.02pp	7q	-16.7%-$1.4M
ISHARES TR	IWD	$6.7M	26,919	0.09%	flat	16q	-2.4%-$167.1K
JPMORGAN CHASE & CO	JPM	$6.7M	20,144	0.09%	-0.01pp	9q	-14.4%-$1.1M
AUTOMATIC DATA PROCESSING IN	ADP	$6.4M	24,713	0.08%	-0.01pp	3q	-22.9%-$1.9M
ABBVIE INC	ABBV	$6.4M	24,277	0.08%	-0.01pp	10q	-9.1%-$638.0K
EXXONMOBIL HOLDINGS CORP	XOM	$5.9M	36,385	0.08%	-	new	NEW
ISHARES TR	ESGD	$5.9M	57,298	0.08%	flat	23q	HELD
CISCO SYS INC	CSCO	$5.9M	54,771	0.08%	+0.01pp	5q	+26.9%+$1.2M
VANGUARD WORLD FD	VGT	$5.9M	46,788	0.08%	flat	2q	-3.1%-$187.7K
SCHWAB STRATEGIC TR	SCHO	$5.4M	225,754	0.07%	flat	16q	-3.8%-$210.6K
VANECK ETF TRUST	HYD	$5.2M	108,716	0.07%	+0.03pp	6q	+110.3%+$2.7M
SCHWAB STRATEGIC TR	SCHP	$5.2M	207,431	0.07%	-0.01pp	19q	-3.8%-$203.9K
PROCTER & GAMBLE CO	PG	$5.1M	35,332	0.07%	-0.01pp	31q	-16.6%-$1.0M
ISHARES TR	IBDV	$5.1M	240,515	0.07%	+0.02pp	12q	+38.9%+$1.4M
MARATHON PETE CORP	MPC	$5.1M	12,858	0.07%	+0.02pp	4q	-3.8%-$203.2K
COCA COLA CO	KO	$4.9M	56,746	0.06%	-0.03pp	31q	-36.1%-$2.8M
VANGUARD INDEX FDS	VTV	$4.9M	22,601	0.06%	flat	16q	HELD
ISHARES TR	SUB	$4.9M	46,623	0.06%	flat	7q	-3.8%-$192.8K
ISHARES TR	IBMS	$4.8M	190,607	0.06%	+0.01pp	9q	+25.9%+$979.6K
ISHARES TR	IBDW	$4.7M	235,352	0.06%	+0.03pp	13q	+131.1%+$2.7M
MERCK & CO INC	MRK	$4.7M	32,222	0.06%	-0.01pp	31q	-26.5%-$1.7M
DEVON ENERGY CORP NEW	DVN	$4.7M	101,201	0.06%	flat	26q	-3.6%-$171.7K
CONSTELLATION ENERGY CORP	CEG	$4.3M	16,981	0.06%	flat	19q	-1.2%-$51.1K
ISHARES TR	IEF	$4.3M	47,877	0.06%	-0.02pp	16q	-21.7%-$1.2M
ISHARES TR	HYG	$4.2M	54,415	0.05%	-0.03pp	7q	-29.3%-$1.7M
HARTFORD FDS EXCHANGE TRADED	HMOP	$4.1M	110,996	0.05%	-	new	NEW
SCHWAB STRATEGIC TR	SCHX	$4.0M	133,549	0.05%	flat	16q	-1.5%-$59.3K
ISHARES TR	IBTK	$3.9M	203,205	0.05%	-0.01pp	12q	-13.5%-$600.9K
BANK OF MONTREAL	BMO	$3.7M	22,055	0.05%	flat	6q	HELD
VANGUARD WHITEHALL FDS	VIGI	$3.6M	38,632	0.05%	-0.01pp	16q	-11.9%-$494.8K
ISHARES TR	IWM	$3.6M	13,108	0.05%	flat	16q	+2.7%+$97.0K
ISHARES TR	IBMT	$3.4M	139,550	0.04%	+0.03pp	5q	+248.2%+$2.5M
BITWISE BITCOIN ETF TR	BITB	$3.4M	74,570	0.04%	+0.01pp	5q	-5.0%-$176.4K
ISHARES TR	DGRO	$3.3M	43,851	0.04%	flat	28q	+4.4%+$138.0K
GOLDMAN SACHS ETF TR	GSLC	$3.2M	22,381	0.04%	flat	6q	-5.6%-$192.2K
ISHARES TR	IWR	$3.2M	30,387	0.04%	+0.03pp	16q	+184.8%+$2.1M
FEDERAL SIGNAL CORP	FSS	$3.1M	28,311	0.04%	-0.04pp	2q	-40.2%-$2.1M
CHEVRON CORPORATION	CVX	$3.1M	15,330	0.04%	-0.01pp	28q	-32.2%-$1.5M
WASTE MGMT INC DEL	WM	$3.1M	15,269	0.04%	-0.01pp	2q	-12.9%-$460.9K
BLACKROCK ETF TRUST II	SHYM	$3.1M	144,744	0.04%	-0.01pp	7q	-6.1%-$201.6K
SCHWAB STRATEGIC TR	SCHR	$3.1M	129,112	0.04%	-	new	NEW
BANK OF AMER CORP	BAC	$3.1M	56,135	0.04%	flat	31q	-2.5%-$78.4K
PUTNAM ETF TRUST	FTCA	$3.0M	444,552	0.04%	+0.02pp	2q	+119.8%+$1.7M
VANGUARD INTL EQUITY INDEX F	VGK	$3.0M	34,150	0.04%	flat	31q	HELD
PRINCIPAL EXCHANGE TRADED FD	PREF	$2.9M	160,637	0.04%	+0.02pp	6q	+173.3%+$1.9M
BETA TECHNOLOGIES INC	BETA	$2.9M	131,452	0.04%	-	new	NEW
ISHARES TR	DVY	$2.8M	18,246	0.04%	flat	16q	+10.8%+$270.5K
ISHARES TR	IBDX	$2.6M	109,362	0.03%	+0.01pp	12q	+64.5%+$1.0M
ISHARES TR	EEM	$2.6M	39,392	0.03%	flat	16q	HELD
VANGUARD SCOTTSDALE FDS	VMBS	$2.6M	59,206	0.03%	+0.03pp	2q	+373.0%+$2.1M
WISDOMTREE TR	DON	$2.6M	48,688	0.03%	flat	16q	HELD
ISHARES TR	USIG	$2.6M	53,211	0.03%	-0.01pp	31q	-18.5%-$586.5K
ISHARES TR	IBTL	$2.6M	132,987	0.03%	+0.03pp	8q	+1074.1%+$2.4M
VANGUARD INTL EQUITY INDEX F	VPL	$2.5M	21,574	0.03%	flat	31q	HELD
ISHARES TR	IBDY	$2.4M	99,997	0.03%	+0.02pp	6q	+253.2%+$1.8M
VANECK ETF TRUST	MOAT	$2.4M	23,131	0.03%	flat	4q	-1.4%-$35.8K
VANGUARD WORLD FD	MGK	$2.4M	26,335	0.03%	flat	2q	-1.9%-$47.0K
RTX CORPORATION	RTX	$2.4M	12,979	0.03%	-0.01pp	8q	-27.5%-$913.6K
ISHARES TR	GOVT	$2.4M	109,939	0.03%	-0.01pp	31q	-21.2%-$647.2K
INVESCO EXCH TRADED FD TR II	PWZ	$2.4M	106,985	0.03%	+0.02pp	2q	+120.5%+$1.3M
ISHARES TR	HDV	$2.3M	82,875	0.03%	flat	16q	HELD
INTEL CORP	INTC	$2.3M	19,270	0.03%	-0.05pp	28q	-56.3%-$3.0M
DUKE ENERGY CORP NEW	DUK	$2.3M	20,276	0.03%	flat	3q	+22.2%+$419.6K
UNITED STS COMMODITY INDEX F	USCI	$2.2M	19,923	0.03%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	JGRO	$2.1M	22,252	0.03%	flat	6q	-7.9%-$184.6K
ISHARES TR	BGRN	$2.1M	46,757	0.03%	flat	23q	-3.7%-$83.1K
WISDOMTREE TR	AGGY	$2.1M	51,741	0.03%	flat	13q	HELD
ISHARES TR	AOA	$2.1M	21,767	0.03%	flat	21q	-3.2%-$70.6K
ISHARES TR	EFA	$2.1M	19,949	0.03%	flat	16q	HELD
DIMENSIONAL ETF TRUST	DFEM	$2.1M	51,852	0.03%	flat	2q	HELD
EMERSON ELEC CO	EMR	$2.0M	13,100	0.03%	flat	2q	-6.3%-$135.6K
NEXTERA ENERGY INC	NEE	$2.0M	26,437	0.03%	-0.01pp	24q	-10.5%-$234.6K
VANECK ETF TRUST	SHYD	$2.0M	90,951	0.03%	+0.01pp	28q	+88.3%+$934.8K
SPDR SERIES TRUST	SPYM	$2.0M	21,993	0.03%	flat	2q	+4.6%+$86.8K
ISHARES TR	ESML	$1.9M	37,368	0.03%	flat	23q	-1.0%-$18.7K
SBA COMMUNICATIONS CORP	SBAC	$1.9M	11,564	0.02%	flat	28q	-1.1%-$21.3K
SPDR INDEX SHS FDS	QEFA	$1.9M	18,984	0.02%	flat	6q	HELD
EXELON CORP	EXC	$1.8M	44,985	0.02%	-0.01pp	31q	-17.3%-$379.0K
PEPSICO INC	PEP	$1.8M	14,324	0.02%	flat	3q	-3.0%-$56.3K
BRISTOL-MYERS SQUIBB CO	BMY	$1.8M	28,965	0.02%	flat	6q	-5.2%-$98.7K
EVERPURE INC	P	$1.7M	13,142	0.02%	+0.01pp	3q	HELD
CITIGROUP INC	C	$1.7M	13,131	0.02%	flat	2q	-5.4%-$96.9K
VANGUARD ADMIRAL FDS INC	VOOG	$1.7M	19,374	0.02%	+0.01pp	2q	+63.4%+$642.6K
UBS GROUP AG	UBS	$1.6M	34,177	0.02%	flat	3q	+0.6%+$9.0K
VERIZON COMMUNICATIONS INC	VZ	$1.6M	35,806	0.02%	flat	5q	+1.1%+$17.4K
DIMENSIONAL ETF TRUST	DFUV	$1.6M	29,023	0.02%	flat	18q	HELD
ABBOTT LABORATORIES	ABT	$1.5M	15,489	0.02%	flat	8q	-3.9%-$62.5K
ALTRIA GROUP INC	MO	$1.5M	22,087	0.02%	flat	4q	+25.4%+$301.1K
PROFESIONALLY MANAGED PORTFO	AKRE	$1.4M	27,425	0.02%	flat	4q	HELD
SELECT SECTOR SPDR TR	XLF	$1.4M	26,957	0.02%	flat	3q	-19.9%-$358.6K
DIMENSIONAL ETF TRUST	DFUS	$1.4M	17,250	0.02%	flat	22q	HELD
GOLDMAN SACHS ETF TR	GBIL	$1.4M	13,922	0.02%	flat	2q	-0.9%-$13.1K
ISHARES TR	LDEM	$1.4M	22,445	0.02%	flat	22q	-9.3%-$138.8K
SCHWAB STRATEGIC TR	SMBS	$1.3M	53,009	0.02%	flat	3q	+37.7%+$348.2K
ISHARES BITCOIN TRUST ETF	IBIT	$1.2M	26,298	0.02%	+0.01pp	4q	+15.8%+$169.6K
DIMENSIONAL ETF TRUST	DFIV	$1.2M	22,000	0.02%	flat	2q	HELD
VANGUARD SCOTTSDALE FDS	VCLT	$1.2M	17,106	0.02%	-	new	NEW
DIMENSIONAL ETF TRUST	DFLV	$1.2M	28,881	0.02%	flat	2q	HELD
VANGUARD INDEX FDS	VO	$1.1M	14,591	0.01%	flat	2q	-2.5%-$29.2K
ENBRIDGE INC	ENB	$1.1M	24,126	0.01%	flat	31q	-12.4%-$159.1K
SOUTHERN CO	SO	$1.1M	13,330	0.01%	-0.01pp	3q	-25.3%-$374.0K
MORGAN STANLEY ETF TRUST	XAGG	$1.1M	22,721	0.01%	-	new	NEW
WELLS FARGO & CO	WFC	$1.1M	13,527	0.01%	flat	3q	-12.7%-$157.4K
PACER FDS TR	COWZ	$1.1M	16,075	0.01%	flat	3q	+16.9%+$155.2K
CVS HEALTH CORP	CVS	$1.0M	12,130	0.01%	flat	2q	+9.5%+$90.2K
AT&T INC	T	$987.9K	40,489	0.01%	flat	5q	-15.4%-$180.4K
VANGUARD CHARLOTTE FDS	BNDX	$978.0K	20,867	0.01%	flat	2q	+5.5%+$51.1K
ISHARES TR	IBCB	$968.7K	40,994	0.01%	flat	2q	+47.6%+$312.2K
NUVEEN QUALITY MUNCP INCOME	NAD	$950.0K	93,871	0.01%	flat	16q	-9.0%-$93.8K
ISHARES TR	IBCA	$908.8K	37,755	0.01%	flat	3q	HELD
VANGUARD SCOTTSDALE FDS	VTC	$901.7K	12,389	0.01%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JCPB	$850.2K	18,987	0.01%	flat	2q	+3.2%+$26.3K
FIRST TR EXCHANGE TRADED FD	RDVY	$836.9K	10,690	0.01%	flat	4q	HELD
INVESCO EXCHANGE TRADED FD T	PRFZ	$810.8K	15,494	0.01%	flat	16q	-4.3%-$36.8K
DOUBLELINE ETF TRUST	DMX	$794.2K	16,195	0.01%	flat	2q	HELD
US BANCORP	USB	$791.9K	13,710	0.01%	flat	3q	-15.8%-$149.0K
SPDR SERIES TRUST	SPMD	$787.4K	12,490	0.01%	flat	2q	+0.8%+$6.3K
WILLIAMS COS INC	WMB	$775.3K	11,406	0.01%	flat	4q	+3.0%+$22.8K
ISHARES TR	IBMU	$758.9K	31,504	0.01%	-	new	NEW
DIMENSIONAL ETF TRUST	DFAT	$751.7K	11,314	0.01%	flat	4q	HELD
VANECK ETF TRUST	RAAX	$750.2K	18,836	0.01%	-	new	NEW
SCHWAB STRATEGIC TR	SCHM	$749.8K	22,040	0.01%	flat	16q	-4.4%-$34.6K
VANGUARD BD INDEX FDS	BND	$737.1K	10,508	0.01%	flat	16q	-21.3%-$199.2K
INNOVATOR ETFS TRUST	BJAN	$725.0K	11,978	0.01%	flat	3q	HELD
SCHWAB STRATEGIC TR	FNDF	$723.2K	13,455	0.01%	flat	16q	HELD
CARRIER GLOBAL CORPORATION	CARR	$723.1K	13,180	0.01%	-0.01pp	3q	-33.1%-$357.0K
ENERGY TRANSFER L P	ET	$685.7K	34,686	0.01%	flat	10q	-1.4%-$9.5K
INNOVATOR ETFS TRUST	PJAN	$671.0K	13,229	0.01%	flat	3q	HELD
SELECT SECTOR SPDR TR	XLU	$659.3K	16,717	0.01%	flat	4q	-5.9%-$41.1K
PFIZER INC	PFE	$631.2K	22,133	0.01%	-0.01pp	28q	-55.6%-$790.2K
GRAYSCALE ETHEREUM STAKING E	ETHE	$615.4K	28,715	0.01%	flat	8q	HELD
VANGUARD SCOTTSDALE FDS	VGSH	$614.2K	10,671	0.01%	flat	2q	+3.4%+$20.0K
PIMCO ETF TR	PYLD	$600.1K	23,637	0.01%	flat	2q	HELD
PACER FDS TR	CALF	$556.7K	10,449	0.01%	flat	6q	+4.4%+$23.3K
ISHARES TR	NYF	$548.2K	10,852	0.01%	flat	4q	+5.6%+$29.3K
ISHARES TR	IBDZ	$515.2K	20,917	0.01%	flat	8q	+15.6%+$69.3K
ISHARES TR	IBMO	$507.5K	19,794	0.01%	-0.08pp	16q	-92.7%-$6.4M
SELECT SECTOR SPDR TR	XLB	$498.2K	10,230	0.01%	flat	2q	-39.7%-$328.4K
SELECT SECTOR SPDR TR	XLRE	$485.7K	11,872	0.01%	-	new	NEW
COMCAST CORP NEW	CMCSA	$472.5K	21,715	0.01%	flat	6q	-4.5%-$22.2K
ISHARES TR	HEFA	$468.6K	10,101	0.01%	flat	31q	HELD
NUVEEN AMT FREE QLTY MUN INC	NEA	$410.5K	41,260	0.01%	flat	16q	-7.9%-$35.0K
PG&E CORP	PCG	$381.2K	31,117	0.00%	flat	31q	HELD
ISHARES TR	IBTO	$376.0K	16,354	0.00%	flat	8q	-9.5%-$39.5K
FORD MTR CO	F	$357.7K	29,660	0.00%	flat	4q	-27.7%-$137.2K
NUVEEN MUN HIGH INCOME OPPOR	NMZ	$344.2K	38,418	0.00%	flat	16q	HELD
SCHWAB STRATEGIC TR	FNDX	$325.6K	10,346	0.00%	flat	2q	HELD
BNY Mellon ETF Trust II	BMOP	$290.6K	12,344	0.00%	flat	3q	HELD
INVESCO ACTVELY MNGD ETC FD	PDBC	$280.1K	14,515	0.00%	flat	4q	HELD
ARES CAPITAL CORP	ARCC	$279.1K	14,615	0.00%	flat	2q	-0.9%-$2.5K
BNY MELLON ETF TRUST II	BKMI	$253.9K	10,222	0.00%	flat	3q	HELD
ISHARES TR	IBTG	$250.1K	10,932	0.00%	-0.30pp	16q	-98.9%-$23.1M
COHEN & STEERS QUALITY INCOM	RQI	$245.2K	22,500	0.00%	flat	16q	HELD
MATTHEWS INTL CORP CLASS A	MATW	$245.1K	12,771	0.00%	flat	26q	HELD
V F CORP	VFC	$225.4K	16,028	0.00%	flat	5q	HELD
ISHARES TR	IBTM	$218.9K	10,073	0.00%	flat	8q	HELD
DNP SELECT INCOME FD INC	DNP	$213.8K	22,340	0.00%	flat	2q	-10.1%-$23.9K
FS CREDIT OPPORTUNITIES CORP	FSCO	$206.4K	40,000	0.00%	flat	2q	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
Computer Hardware	$55.3M	0.7%
Other sectors	$241.5M	3.2%
Not classified	$7.4B	96.1%

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	-1.7%	+2.1%	-3.8%	100%
Q2 2026	+9.9%	+14.8%	-4.9%	100%
Q1 2026	-1.3%	-4.6%	+3.3%	100%
Q4 2025	+1.6%	+2.4%	-0.8%	100%
Q3 2025	+4.9%	+7.8%	-3.0%	100%
Q2 2025	+6.3%	+10.5%	-4.1%	100%
Q1 2025	-0.8%	-4.6%	+3.8%	100%
Q4 2024	-3.0%	+2.1%	-5.1%	100%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$7.7B	241	10	77	109	22	64.0%	14
Q2 2026	$7.6B	253	43	103	71	12	62.7%	15
Q1 2026	$6.8B	222	23	86	79	10	61.5%	9
Q4 2025	$6.6B	209	19	84	72	11	60.9%	22
Q3 2025	$6.3B	201	8	70	82	9	59.5%	14
Q2 2025	$6.0B	202	16	72	75	8	57.9%	21
Q1 2025	$5.4B	194	12	70	72	8	56.4%	17
Q4 2024	$5.2B	190	18	84	49	11	56.9%	14
Q3 2024	$4.3B	183	16	76	60	13	51.0%	15
Q2 2024	$4.7B	180	7	76	60	6	56.0%	12
Q1 2024	$4.4B	179	9	55	88	14	55.8%	32
Q4 2023	$4.0B	184	20	81	57	16	49.0%	16
Q3 2023	$3.6B	180	14	47	85	6	49.0%	13
Q2 2023	$3.6B	172	0	48	84	13	47.8%	14
Q1 2023	$3.4B	185	21	64	74	21	44.9%	13
Q4 2022	$2.7B	185	102	33	37	5	49.2%	19
Q3 2022	$810.1M	88	1	40	25	92	74.2%	12
Q2 2022	$2.4B	179	13	49	90	21	49.3%	8
Q1 2022	$2.8B	187	27	63	70	13	48.1%	27
Q4 2021	$2.7B	173	7	80	58	134	46.8%	26
Q3 2021	$2.6B	300	10	102	93	11	44.3%	33
Q2 2021	$2.4B	301	139	54	64	3	44.6%	21
Q1 2021	$2.1B	165	15	52	72	12	46.0%	54
Q4 2020	$2.0B	162	14	67	53	5	45.9%	14
Q3 2020	$1.8B	153	10	59	55	12	46.2%	13
Q2 2020	$1.6B	155	29	49	66	23	46.2%	16
Q4 2019	$1.3B	149	14	67	50	7	56.6%	29
Q3 2019	$1.1B	142	35	71	23	1	55.1%	7
Q2 2019	$997.4M	108	5	61	31	5	56.8%	17
Q1 2019	$914.4M	108	7	38	47	34	57.4%	9
Q4 2018	$1.0B	135	0	0	0	0	46.6%	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.