Itau Unibanco Holding S.A.

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK

1132597

Reported value

$5.3B

Positions

400

Top 10 weight

45.4%

Filed

2026-08-14

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
STATE STR SPDR S&P 500 ETF T	SPY	$650.5M	871,093	12.35%	+3.50pp	19q	+48.6%+$212.7M
ISHARES TR	IGOV	$314.2M	7,658,139	5.97%	+3.37pp	2q	+181.0%+$202.4M
VALE S A	VALE	$230.5M	15,368,311	4.38%	-2.22pp	17q	-14.0%-$37.6M
PETROLEO BRASILEIRO S A	PBR	$215.0M	13,306,603	4.08%	-5.92pp	25q	-36.0%-$120.7M
NU HLDGS LTD	NU	$196.6M	14,867,176	3.73%	+3.71pp	5q	+18544.1%+$195.5M
ITAU UNIBANCO HLDG S A	ITUB	$192.8M	23,664,437	3.66%	-0.19pp	20q	+18.3%+$29.8M
FOMENTO ECONOMICO MEXICANO S	FMX	$156.9M	1,214,976	2.98%	-0.58pp	3q	-12.4%-$22.2M
CREDICORP LTD	BAP	$148.0M	378,899	2.81%	-	new	NEW
BANCO BRADESCO S A	BBD	$147.8M	42,672,528	2.81%	-1.35pp	31q	-13.0%-$22.1M
CEMEX SA EURO MTN BE 144A	CX	$136.9M	11,386,156	2.60%	-0.77pp	4q	-12.0%-$18.7M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$114.5M	239,853	2.17%	+1.62pp	22q	+241.4%+$81.0M
PETROLEO BRASILEIRO S A	PBRA	$109.3M	7,469,049	2.07%	-0.60pp	31q	+21.7%+$19.5M
SPDR GOLD TR OPT	GLD	$109.2M	options only	2.07%	-	new	OPTIONS
EMBRAER S.A.	EMBJ	$101.1M	1,598,539	1.92%	+0.36pp	14q	+41.2%+$29.5M
NVIDIA CORPORATION	NVDA	$95.7M	478,308	1.82%	+0.16pp	31q	+17.0%+$13.9M
SPDR GOLD TR	GLD	$82.4M	223,736	1.56%	-0.97pp	6q	-11.9%-$11.2M
AMAZON COM INC	AMZN	$80.3M	336,878	1.52%	+0.15pp	31q	+18.9%+$12.8M
ISHARES INC	EWZ	$72.6M	2,105,599	1.38%	+0.45pp	2q	+102.0%+$36.7M
VANGUARD INDEX FDS	VOO	$72.5M	105,568	1.38%	-5.17pp	9q	-77.6%-$251.5M
ASML HLDG NV	ASML	$63.7M	32,019	1.21%	+1.11pp	4q	+906.3%+$57.4M
MICRON TECHNOLOGY INC	MU	$55.8M	48,335	1.06%	+0.39pp	5q	-43.3%-$42.6M
SELECT SECTOR SPDR TR	XLI	$55.4M	299,159	1.05%	-	new	NEW
VISTA ENERGY S.A.B. DE C.V.	VIST	$54.0M	842,263	1.02%	+0.98pp	2q	+3089.4%+$52.3M
COMPANIA DE MINAS BUENAVENTU	BVN	$53.9M	1,850,697	1.02%	+0.41pp	2q	+149.1%+$32.3M
BANCO DE CHILE	BCH	$53.2M	1,348,328	1.01%	+0.69pp	8q	+258.5%+$38.4M
META PLATFORMS INC	META	$52.9M	93,915	1.00%	-0.21pp	31q	+2.4%+$1.2M
AMERICA MOVIL SAB DE CV	AMX	$52.0M	1,990,963	0.99%	-0.98pp	4q	-40.3%-$35.1M
INVESCO EXCH TRADED FD TR II	KBWB	$48.4M	520,547	0.92%	-	new	NEW
VESTA REAL ESTATE CORP	VTMX	$44.2M	1,291,724	0.84%	+0.30pp	3q	+86.9%+$20.5M
ISHARES TR	IWM	$41.3M	137,424	0.78%	-	new	NEW
ALPHABET INC	GOOGL	$40.8M	114,284	0.78%	-0.13pp	11q	-16.2%-$7.9M
ISHARES TR	ACWX	$37.0M	486,100	0.70%	-0.05pp	9q	+2.6%+$943.8K
NOKIA CORP	NOK	$35.9M	2,700,445	0.68%	-	new	NEW
MERCADOLIBRE INC	MELI	$35.7M	21,151	0.68%	-1.15pp	3q	-54.6%-$42.9M
GERDAU SA	GGB	$34.3M	8,511,525	0.65%	+0.14pp	31q	+37.1%+$9.3M
ISHARES TR	EFG	$34.0M	273,478	0.65%	+0.11pp	5q	+30.7%+$8.0M
ISHARES TR	IWF	$33.3M	268,411	0.63%	+0.09pp	5q	+391.0%+$26.5M
GRUPO AEROPORTUARIO DEL CENT	OMAB	$33.0M	291,193	0.63%	-	new	NEW
BANCO BBVA ARGENTINA S A	BBAR	$32.7M	1,656,110	0.62%	+0.16pp	2q	+34.3%+$8.3M
ISHARES TR	EEM	$32.2M	470,600	0.61%	+0.56pp	20q	+1020.0%+$29.3M
SELECT SECTOR SPDR TR	XLV	$32.1M	202,434	0.61%	-	new	NEW
MICROSOFT CORP	MSFT	$30.2M	80,870	0.57%	-0.07pp	31q	+8.4%+$2.3M
BROADCOM INC	AVGO	$29.9M	79,092	0.57%	-0.03pp	9q	-4.2%-$1.3M
SELECT SECTOR SPDR TR	XLF	$29.2M	543,942	0.55%	+0.28pp	8q	+128.6%+$16.4M
VANECK ETF TRUST	SMH	$27.9M	42,496	0.53%	+0.37pp	2q	+135.0%+$16.0M
COMPANHIA DE SANEAMENTO BASI	SBS	$25.0M	4,381,272	0.48%	+0.03pp	12q	+591.9%+$21.4M
APPLE INC	AAPL	$24.4M	84,189	0.46%	-0.01pp	9q	+4.5%+$1.1M
GRUPO CIBEST SA	CIB	$23.9M	301,678	0.45%	-0.06pp	4q	-2.9%-$707.8K
ISHARES TR	IVW	$23.6M	171,500	0.45%	+0.16pp	3q	+55.5%+$8.4M
ISHARES TR	ILF	$23.3M	640,000	0.44%	-	new	NEW
BANCO SANTANDER CHILE NEW	BSAC	$22.7M	691,757	0.43%	-	new	NEW
NETFLIX INC	NFLX	$22.7M	317,713	0.43%	-0.05pp	24q	+48.8%+$7.4M
SELECT SECTOR SPDR TR	XLC	$22.4M	208,949	0.42%	-0.20pp	8q	-13.6%-$3.5M
TERNIUM SA	TX	$22.1M	509,371	0.42%	-	new	NEW
SPDR GOLD TR OPT	GLD	$22.1M	options only	0.42%	-2.29pp	6q	OPTIONS
PALANTIR TECHNOLOGIES INC	PLTR	$21.8M	186,613	0.41%	-0.03pp	8q	+41.7%+$6.4M
BANCO MACRO SA	BMA	$20.2M	217,269	0.38%	-0.01pp	3q	-1.1%-$216.0K
ISHARES TR	IBB	$18.8M	98,876	0.36%	-	new	NEW
ISHARES INC	EWJ	$18.4M	197,372	0.35%	-1.88pp	31q	-82.6%-$87.5M
XP INC	XP	$18.3M	1,123,028	0.35%	-	new	NEW
PDD HOLDINGS INC	PDD	$18.0M	235,374	0.34%	-0.18pp	3q	+7.3%+$1.2M
INVESCO QQQ TR	QQQ	$17.5M	23,735	0.33%	-0.37pp	3q	-54.9%-$21.3M
SPDR SERIES TRUST	XBI	$17.3M	109,207	0.33%	-	new	NEW
ETFIS SER TR I	UTES	$16.6M	202,713	0.31%	+0.08pp	3q	+61.0%+$6.3M
PAMPA ENERGIA S A	PAM	$16.1M	195,918	0.31%	-0.06pp	7q	+10.7%+$1.6M
VISA INC	V	$15.9M	46,295	0.30%	-0.42pp	9q	-55.0%-$19.4M
SPDR SERIES TRUST	KRE	$15.6M	208,089	0.30%	-	new	NEW
VANECK ETF TRUST	NLR	$15.6M	134,109	0.30%	+0.03pp	3q	+57.8%+$5.7M
ELI LILLY & CO	LLY	$13.3M	11,116	0.25%	+0.15pp	9q	+138.4%+$7.7M
VANGUARD INTL EQUITY INDEX F	VGK	$12.3M	139,053	0.23%	-2.68pp	19q	-90.9%-$122.7M
KASPI KZ JSC	KSPI	$12.0M	138,217	0.23%	+0.05pp	7q	+36.6%+$3.2M
ISHARES TR	SHV	$12.0M	108,400	0.23%	-	new	NEW
GRUPO FINANCIERO GALICIA S.A	GGAL	$11.8M	236,736	0.22%	-0.37pp	8q	-57.0%-$15.7M
NETEASE COM INC	NTES	$10.9M	85,316	0.21%	-0.15pp	2q	-38.3%-$6.8M
ISHARES TR	TLT	$10.9M	126,000	0.21%	-0.03pp	6q	+5.0%+$518.5K
NEXTERA ENERGY INC	NEE	$10.7M	121,372	0.20%	+0.12pp	24q	+237.9%+$7.5M
BBB FOODS INC	TBBB	$9.5M	230,515	0.18%	-	new	NEW
ISHARES TR	GOVT	$9.5M	415,293	0.18%	-1.36pp	19q	-85.7%-$56.6M
WILLIAMS COS INC	WMB	$9.3M	125,564	0.18%	+0.05pp	4q	+65.8%+$3.7M
ISHARES TR	LQD	$9.3M	85,581	0.18%	-0.04pp	6q	HELD
DLOCAL LTD	DLO	$9.0M	690,846	0.17%	-	new	NEW
VERTIV HOLDINGS CO	VRT	$8.9M	26,627	0.17%	-0.01pp	9q	-13.3%-$1.4M
INTEL CORP	INTC	$8.6M	61,686	0.16%	-	new	NEW
AURA MINERALS INC	AUGO	$8.5M	136,572	0.16%	-	new	NEW
MARVELL TECHNOLOGY INC	MRVL	$8.5M	28,592	0.16%	+0.12pp	3q	+78.7%+$3.8M
TERADYNE INC	TER	$8.2M	17,000	0.16%	flat	2q	-24.1%-$2.6M
S&P GLOBAL INC	SPGI	$8.1M	20,000	0.15%	-0.22pp	5q	-46.7%-$7.1M
ISHARES TR OPT	IWM	$7.6M	options only	0.14%	-	new	OPTIONS
PDD HOLDINGS INC OPT	PDD	$7.4M	options only	0.14%	-	new	OPTIONS
INVESCO QQQ TR OPT	QQQ	$7.2M	options only	0.14%	-	new	OPTIONS
TESLA INC	TSLA	$7.1M	16,963	0.14%	+0.03pp	6q	+33.5%+$1.8M
JD.COM INC	JD	$6.9M	272,414	0.13%	-	new	NEW
EATON CORP PLC	ETN	$6.9M	16,144	0.13%	+0.04pp	8q	+41.1%+$2.0M
SELECT SECTOR SPDR TR	XLB	$6.5M	127,470	0.12%	+0.10pp	8q	+673.0%+$5.6M
TEXAS INSTRS INC	TXN	$6.2M	20,900	0.12%	+0.10pp	2q	+316.5%+$4.7M
KRANESHARES TRUST	KWEB	$6.1M	250,000	0.12%	+0.07pp	2q	+234.2%+$4.3M
PETROLEO BRASILEIRO S A OPT	PBR	$5.9M	options only	0.11%	-	new	OPTIONS
JOHNSON CONTROLS INTERNATION	JCI	$5.9M	40,185	0.11%	-	new	NEW
SPDR SERIES TRUST	XOP	$5.8M	37,830	0.11%	-0.01pp	3q	+30.4%+$1.4M
ISHARES INC	ECH	$5.6M	141,075	0.11%	+0.02pp	2q	+50.6%+$1.9M
CATERPILLAR INC	CAT	$5.4M	5,062	0.10%	+0.02pp	2q	HELD
TRANSPORTADORA DE GAS DEL SU	TGS	$5.3M	178,641	0.10%	+0.02pp	3q	+87.6%+$2.5M
SELECT SECTOR SPDR TR	XLY	$5.3M	44,968	0.10%	-0.17pp	9q	-57.1%-$7.0M
MADISON SQUARE GRDN SPRT COR	MSGS	$5.2M	13,000	0.10%	+0.03pp	2q	+44.4%+$1.6M
KLA CORP	KLAC	$4.9M	16,200	0.09%	-	new	NEW
ALPHABET INC	GOOG	$4.9M	13,801	0.09%	+0.08pp	6q	+475.0%+$4.0M
ISHARES INC	EWT	$4.8M	44,400	0.09%	-	new	NEW
GOLAR LNG LTD	GLNG	$4.6M	92,000	0.09%	-	new	NEW
LISTED FDS TR	MAGS	$4.5M	69,603	0.08%	-	new	NEW
MONOLITHIC PWR SYS INC	MPWR	$4.4M	3,200	0.08%	-	new	NEW
SELECT SECTOR SPDR TR	XLK	$4.4M	23,157	0.08%	-0.18pp	11q	-72.9%-$11.9M
APPLIED MATLS INC	AMAT	$4.3M	6,000	0.08%	-	new	NEW
ADOBE INC	ADBE	$4.3M	21,010	0.08%	+0.08pp	7q	+87441.7%+$4.3M
COINBASE GLOBAL INC	COIN	$4.1M	28,000	0.08%	+0.08pp	2q	+4719.3%+$4.0M
ISHARES TR OPT	IWM	$4.0M	options only	0.08%	-	new	OPTIONS
LAM RESEARCH CORP	LRCX	$3.9M	9,000	0.07%	+0.06pp	2q	+309.1%+$2.9M
SUZANO S A	SUZ	$3.9M	498,761	0.07%	-0.12pp	20q	-39.8%-$2.6M
INTER & CO INC	INTR	$3.8M	700,000	0.07%	-	new	NEW
TELECOM ARGENTINA S A	TEO	$3.8M	290,424	0.07%	-	new	NEW
ADVANCED MICRO DEVICES INC	AMD	$3.6M	6,279	0.07%	-0.04pp	6q	-73.6%-$10.2M
ABBVIE INC	ABBV	$3.6M	14,145	0.07%	flat	21q	+3.6%+$125.1K
ARM HOLDINGS PLC	ARM	$3.5M	10,000	0.07%	-0.09pp	4q	-78.3%-$12.8M
DBX ETF TR	ASHR	$3.3M	90,446	0.06%	-	new	NEW
INTERCONTINENTAL EXCHANGE IN	ICE	$3.3M	26,805	0.06%	-0.06pp	2q	-21.6%-$911.4K
META PLATFORMS INC OPT	META	$3.3M	options only	0.06%	-	new	OPTIONS
ISHARES TR	IVV	$3.0M	4,020	0.06%	-0.02pp	3q	-20.2%-$763.1K
STONECO LTD	STNE	$3.0M	276,123	0.06%	+0.01pp	6q	+83.5%+$1.4M
SIGMA LITHIUM CORPORATION	SGML	$2.9M	229,267	0.06%	-0.03pp	2q	-25.1%-$974.1K
NEWMONT CORP	NEM	$2.9M	31,027	0.06%	-0.02pp	18q	+5.3%+$146.5K
TKO GROUP HOLDINGS INC	TKO	$2.8M	14,000	0.05%	-0.01pp	2q	HELD
AXIA ENERGIA SA	AXIA	$2.7M	260,220	0.05%	-	new	NEW
COCA COLA CO	KO	$2.7M	33,447	0.05%	-0.01pp	22q	+3.5%+$91.6K
ANALOG DEVICES INC	ADI	$2.6M	6,600	0.05%	-	new	NEW
PUBLIC SVC ENTERPRISE GROUP	PEG	$2.6M	31,988	0.05%	-0.01pp	18q	+5.2%+$129.3K
SELECT SECTOR SPDR TR OPT	XLU	$2.6M	options only	0.05%	-	new	OPTIONS
PETROLEO BRASILEIRO S A OPT	PBR	$2.6M	options only	0.05%	-0.10pp	2q	OPTIONS
SANDISK CORP	SNDK	$2.5M	1,082	0.05%	-	new	NEW
CITIGROUP INC	C	$2.4M	17,300	0.05%	flat	3q	-6.0%-$155.5K
SELECT SECTOR SPDR TR OPT	XLU	$2.4M	options only	0.05%	-	new	OPTIONS
WISDOMTREE TR	DTD	$2.2M	23,535	0.04%	-	new	NEW
ISHARES INC	EWW	$2.2M	29,000	0.04%	-	new	NEW
COPA HOLDINGS SA	CPA	$2.2M	13,994	0.04%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VGIT	$2.1M	36,000	0.04%	-	new	NEW
BLOOM ENERGY CORP	BE	$2.1M	6,813	0.04%	-	new	NEW
TYSON FOODS INC	TSN	$2.0M	35,698	0.04%	-	new	NEW
BLACKROCK INC	BLK	$2.0M	2,100	0.04%	-0.06pp	2q	-53.7%-$2.3M
NOKIA CORP OPT	NOK	$1.9M	options only	0.04%	-	new	OPTIONS
VISTRA CORP	VST	$1.9M	12,194	0.04%	-0.04pp	4q	-44.7%-$1.6M
JD.COM INC OPT	JD	$1.9M	options only	0.04%	-	new	OPTIONS
BEST BUY INC OPT	BBY	$1.9M	options only	0.04%	+0.02pp	9q	OPTIONS
HCA HEALTHCARE INC	HCA	$1.9M	4,849	0.04%	-0.02pp	2q	HELD
ORACLE CORP	ORCL	$1.5M	10,120	0.03%	+0.02pp	12q	+433.5%+$1.2M
SELECT SECTOR SPDR TR	XLU	$1.5M	32,600	0.03%	-	new	NEW
COSTAR GROUP INC	CSGP	$1.5M	51,607	0.03%	-0.02pp	6q	-1.8%-$26.4K
SPDR SERIES TRUST	XHB	$1.3M	12,577	0.03%	-	new	NEW
AGILENT TECHNOLOGIES INC	A	$1.3M	1,242,301	0.02%	+0.01pp	3q	+200.5%+$867.7K
ISHARES INC OPT	TUR	$1.3M	options only	0.02%	-0.07pp	2q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC OPT	TSM	$1.3M	options only	0.02%	-	new	OPTIONS
NVIDIA CORPORATION OPT	NVDA	$1.2M	options only	0.02%	-	new	OPTIONS
SPHERE ENTERTAINMENT CO	SPHR	$1.2M	6,860	0.02%	-	new	NEW
LOMA NEGRA CORP	LOMA	$1.1M	100,000	0.02%	-0.04pp	3q	-57.0%-$1.5M
SELECT SECTOR SPDR TR OPT	XLU	$1.1M	options only	0.02%	-	new	OPTIONS
VANGUARD INTL EQUITY INDEX F	VPL	$1.1M	9,329	0.02%	-	new	NEW
INTERCORP FINL SVCS INC	IFS	$1.1M	18,588	0.02%	-	new	NEW
VISA INC OPT	V	$1.1M	options only	0.02%	-	new	OPTIONS
ROCKET LAB CORP	RKLB	$1.0M	10,074	0.02%	-0.09pp	3q	-85.6%-$6.1M
CELESTICA INC	CLS	$1.0M	2,807	0.02%	-	new	NEW
SPDR SERIES TRUST	BIL	$949.1K	10,357	0.02%	-0.01pp	4q	-8.9%-$92.3K
ALIBABA GROUP HLDG LTD	BABA	$912.0K	9,502	0.02%	+0.01pp	9q	+133.4%+$521.3K
INVESCO ACTVELY MNGD ETC FD	PDBC	$898.4K	56,573	0.02%	flat	5q	+44.1%+$275.0K
ISHARES TR	TIP	$895.1K	8,180	0.02%	-0.01pp	6q	-33.5%-$450.3K
GLOBANT S A	GLOB	$882.4K	30,489	0.02%	flat	3q	+100.3%+$441.9K
EVE HLDG INC	EVEX	$877.7K	349,486	0.02%	flat	6q	+16.7%+$125.6K
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$870.2K	3,200	0.02%	-	new	NEW
AMPHENOL CORP	APH	$868.9K	4,928	0.02%	+0.01pp	2q	+54.0%+$304.7K
ARCOS DORADOS HLDGS INC	ARCO	$850.4K	105,181	0.02%	-	new	NEW
ISHARES TR	VLUE	$847.4K	4,241	0.02%	-	new	NEW
CSX CORP	CSX	$833.8K	17,543	0.02%	-0.03pp	9q	-63.2%-$1.4M
JOHNSON & JOHNSON	JNJ	$816.0K	3,213	0.02%	flat	24q	HELD
ISHARES TR	IYR	$814.4K	7,965	0.02%	flat	17q	HELD
SELECT SECTOR SPDR TR OPT	XLU	$811.6K	options only	0.02%	-	new	OPTIONS
BAKER HUGHES COMPANY	BKR	$810.9K	14,610	0.02%	+0.01pp	7q	+405.7%+$650.5K
ECOPETROL S A	EC	$802.0K	56,317	0.02%	-	new	NEW
MASTERCARD INCORPORATED	MA	$770.4K	1,500	0.01%	-0.28pp	9q	-94.2%-$12.4M
BRAZE INC	BRZE	$721.4K	33,261	0.01%	flat	2q	HELD
NETEASE COM INC OPT	NTES	$715.9K	options only	0.01%	-	new	OPTIONS
BERKSHIRE HATHAWAY INC DEL	BRKB	$660.0K	1,319	0.01%	+0.01pp	4q	+11890.9%+$654.5K
BOOKING HOLDINGS INC	BKNG	$659.5K	3,700	0.01%	-0.01pp	2q	+1270.4%+$611.4K
SALESFORCE INC	CRM	$656.4K	4,190	0.01%	+0.01pp	7q	+527.2%+$551.8K
SEA LTD	SE	$596.9K	6,229	0.01%	-0.02pp	22q	-55.6%-$747.6K
MSCI INC	MSCI	$588.0K	1,050	0.01%	flat	2q	-12.5%-$84.0K
COSTAR GROUP INC OPT	CSGP	$586.5K	options only	0.01%	-	new	OPTIONS
ADVANCED ENERGY INDS	AEIS	$583.9K	1,566	0.01%	-	new	NEW
SONY GROUP CORP	SONY	$581.7K	29,000	0.01%	-0.03pp	23q	-63.7%-$1.0M
APPLOVIN CORP	APP	$569.8K	1,106	0.01%	-0.01pp	8q	-47.7%-$518.8K
UNITY SOFTWARE INC	U	$556.7K	19,479	0.01%	+0.01pp	9q	+1574.9%+$523.5K
AMAZON COM INC OPT	AMZN	$538.3K	options only	0.01%	-	new	OPTIONS
ISHARES TR	EFA	$519.4K	5,000	0.01%	flat	4q	HELD
ISHARES GOLD TR	IAU	$512.3K	6,784	0.01%	-0.02pp	6q	-47.5%-$463.6K
ZETA GLOBAL HOLDINGS CORP	ZETA	$510.7K	25,952	0.01%	-0.04pp	2q	-80.5%-$2.1M
CIENA CORP	CIEN	$499.9K	1,019	0.01%	-	new	NEW
DBX ETF TR OPT	ASHR	$493.4K	options only	0.01%	-	new	OPTIONS
WELLTOWER INC	WELL	$491.6K	2,166	0.01%	-	new	NEW
ISHARES TR	MCHI	$469.4K	9,200	0.01%	flat	7q	HELD
KRANESHARES TRUST OPT	KWEB	$459.0K	options only	0.01%	-	new	OPTIONS
PRIMORIS SVCS CORP	PRIM	$456.7K	4,608	0.01%	-	new	NEW
SELECT SECTOR SPDR TR OPT	XLU	$437.8K	options only	0.01%	-	new	OPTIONS
LOCKHEED MARTIN CORP	LMT	$427.9K	840	0.01%	+0.01pp	2q	+307.8%+$323.0K
COSTCO WHOLESALE CORPORATION	COST	$422.8K	452	0.01%	+0.01pp	4q	+11200.0%+$419.1K
SPACE EXPLORATION TECHN CORP	SPCX	$410.1K	2,400	0.01%	-	new	NEW
SPDR SERIES TRUST OPT	TFI	$406.4K	options only	0.01%	-	new	OPTIONS
NRG ENERGY INC	NRG	$397.4K	2,721	0.01%	-	new	NEW
EQUINIX INC	EQIX	$368.0K	353	0.01%	flat	9q	+204.3%+$247.0K
PAN AMERN SILVER CORP	PAAS	$358.3K	8,000	0.01%	-	new	NEW
AMERICAN EXPRESS CO	AXP	$355.2K	1,050	0.01%	-	new	NEW
COREWEAVE INC	CRWV	$340.4K	3,420	0.01%	-0.05pp	2q	-88.1%-$2.5M
DUOLINGO INC	DUOL	$308.3K	2,680	0.01%	-	new	NEW
ISHARES TR	MTUM	$290.7K	848	0.01%	-	new	NEW
SELECT SECTOR SPDR TR OPT	XLU	$271.5K	options only	0.01%	-	new	OPTIONS
FERRARI N V	RACE	$270.7K	727	0.01%	-	new	NEW
COPART INC	CPRT	$265.0K	9,400	0.01%	-	new	NEW
NORTHROP GRUMMAN CORP	NOC	$260.3K	511	0.00%	-	new	NEW
PROLOGIS INC.	PLD	$230.3K	1,700	0.00%	-	new	NEW
LISTED FDS TR	METV	$226.0K	12,250	0.00%	-	new	NEW
FORGENT POWER SOLUTIONS INC	FPS	$223.4K	4,000	0.00%	flat	2q	+135.3%+$128.5K
ON HLDG AG	ONON	$216.1K	6,100	0.00%	-	new	NEW
APPFOLIO INC	APPF	$208.5K	1,300	0.00%	-	new	NEW
NEXTERA ENERGY INC OPT	NEEPRT	$204.1K	options only	0.00%	-	new	OPTIONS
ISHARES TR	CMF	$178.1K	3,089	0.00%	-0.01pp	6q	-52.5%-$197.2K
ZOOM COMMUNICATIONS INC	ZM	$172.8K	2,002	0.00%	flat	24q	-3.7%-$6.6K
SPDR SERIES TRUST OPT	XBI	$160.5K	options only	0.00%	-	new	OPTIONS
MODERNA INC	MRNA	$157.2K	2,245	0.00%	flat	9q	HELD
HEWLETT PACKARD ENTERPRISE C	HPE	$154.5K	3,426	0.00%	flat	9q	-38.7%-$97.5K
ALEXANDRIA REAL ESTATE EQ IN	ARE	$146.4K	2,770	0.00%	-	new	NEW
APPLIED AEROSPACE & DEFENSE	AADX	$113.9K	5,000	0.00%	-	new	NEW
INVENTRUST PPTYS CORP	IVT	$108.3K	3,059	0.00%	flat	2q	-24.3%-$34.7K
DISNEY WALT CO	DIS	$105.4K	1,095	0.00%	-0.01pp	31q	-84.5%-$574.5K
WASTE MGMT INC DEL	WM	$103.6K	465	0.00%	flat	9q	+29.5%+$23.6K
LATTICE SEMICONDUCTOR CORP	LSCC	$96.2K	629	0.00%	-	new	NEW
SUN CMNTYS INC	SUI	$94.6K	789	0.00%	flat	2q	+5.8%+$5.2K
CHIRON REAL ESTATE INC	XRN	$93.6K	2,494	0.00%	flat	2q	+47.1%+$29.9K
GUARDANT HEALTH INC	GH	$90.5K	603	0.00%	flat	3q	HELD
JAZZ PHARMACEUTICALS PLC	JAZZ	$89.6K	372	0.00%	-	new	NEW
ILLUMINA INC	ILMN	$86.7K	493	0.00%	flat	9q	HELD
ISHARES TR	EMB	$85.8K	890	0.00%	-	new	NEW
COSTAR GROUP INC OPT	CSGP	$84.9K	options only	0.00%	flat	2q	OPTIONS
ISHARES TR	IEF	$83.1K	879	0.00%	-	new	NEW
MERCK & CO INC	MRK	$81.6K	635	0.00%	flat	9q	HELD
ROBLOX CORP	RBLX	$81.4K	1,497	0.00%	-0.03pp	19q	-93.9%-$1.3M
SONIDA SENIOR LIVING INC	SNDA	$81.0K	1,985	0.00%	flat	2q	-19.1%-$19.1K
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$80.9K	2,090	0.00%	flat	2q	+8.3%+$6.2K
SIRIUSXM HOLDINGS INC	SIRI	$77.3K	2,616	0.00%	flat	5q	HELD
ROKU INC	ROKU	$77.2K	559	0.00%	flat	9q	HELD
EBAY INC.	EBAY	$75.8K	678	0.00%	flat	7q	HELD
BIOGEN INC	BIIB	$75.2K	348	0.00%	flat	9q	HELD
CAMDEN PPTY TR	CPT	$74.8K	653	0.00%	flat	2q	+96.7%+$36.8K
BIO-TECHNE CORP	TECH	$73.5K	1,041	0.00%	flat	7q	HELD
CTO RLTY GROWTH INC NEW	CTO	$71.0K	3,303	0.00%	flat	2q	-41.6%-$50.6K
AMGEN INC	AMGN	$70.6K	195	0.00%	flat	6q	-0.5%
VERTEX PHARMACEUTICALS INC	VRTX	$70.5K	142	0.00%	flat	9q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$70.0K	1,215	0.00%	flat	9q	HELD
REVVITY INC	RVTY	$70.0K	629	0.00%	flat	9q	HELD
FIRST INDL RLTY TR INC	FR	$69.2K	1,128	0.00%	flat	2q	-58.5%-$97.5K
EASTERLY GOVT PPTYS INC	DEA	$68.8K	2,760	0.00%	-	new	NEW
PENUMBRA INC	PEN	$67.3K	213	0.00%	flat	3q	HELD
DANAHER CORP DEL	DHR	$67.2K	353	0.00%	flat	9q	-4.3%-$3.0K
GARMIN LTD	GRMN	$67.0K	282	0.00%	-	new	NEW
FRONTVIEW REIT INC	FVR	$66.9K	3,307	0.00%	flat	2q	-11.0%-$8.2K
LXP INDUSTRIAL TRUST	LXP	$66.4K	1,233	0.00%	-	new	NEW
MARA HOLDINGS INC	MARA	$65.5K	4,717	0.00%	flat	4q	HELD
GILEAD SCIENCES INC	GILD	$65.4K	518	0.00%	flat	24q	HELD
DIGITAL RLTY TR INC	DLR	$65.2K	363	0.00%	-	new	NEW
PIEDMONT REALTY TRUST INC	PDM	$63.5K	6,944	0.00%	flat	2q	+85.8%+$29.3K
BRIDGEBIO PHARMA INC	BBIO	$63.0K	846	0.00%	flat	7q	HELD
UNION PAC CORP	UNP	$62.0K	228	0.00%	flat	9q	-21.6%-$17.1K
WATERS CORP	WAT	$60.0K	160	0.00%	flat	9q	HELD
CRISPR THERAPEUTICS AG	CRSP	$59.7K	1,095	0.00%	-	new	NEW
BIO RAD LABS INC	BIO	$59.6K	203	0.00%	flat	6q	HELD
GALAXY DIGITAL INC.	GLXY	$59.6K	2,179	0.00%	flat	3q	HELD
PFIZER INC	PFE	$58.7K	2,436	0.00%	flat	7q	HELD
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$57.5K	230	0.00%	-0.08pp	8q	-98.7%-$4.2M
ELECTRONIC ARTS INC	EA	$57.2K	279	0.00%	flat	9q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$57.2K	114	0.00%	flat	9q	-19.7%-$14.0K
WARNER BROS DISCOVERY INC	WBD	$55.7K	2,088	0.00%	flat	7q	HELD
WARNER MUSIC GROUP CORP	WMG	$55.6K	2,055	0.00%	flat	2q	HELD
REGENERON PHARMACEUTICALS	REGN	$55.5K	89	0.00%	flat	9q	HELD
REPUBLIC SVCS INC	RSG	$53.5K	251	0.00%	flat	9q	+29.4%+$12.1K
REPLIGEN CORP	RGEN	$53.2K	390	0.00%	flat	7q	HELD
META PLATFORMS INC OPT	META	$52.3K	options only	0.00%	-	new	OPTIONS
NATIONAL HEALTHCARE PPTYS IN		$51.9K	3,543	0.00%	-	new	NEW
AMAZON COM INC OPT	AMZN	$47.1K	options only	0.00%	-	new	OPTIONS
INTUITIVE SURGICAL INC	ISRG	$44.1K	111	0.00%	flat	9q	HELD
ALNYLAM PHARMACEUTICALS INC	ALNY	$44.0K	146	0.00%	flat	9q	HELD
FOX CORP	FOXA	$42.8K	821	0.00%	flat	7q	HELD
SL GREEN RLTY CORP	SLG	$42.6K	822	0.00%	flat	2q	+8.4%+$3.3K
CIRCLE INTERNET GROUP INC	CRCL	$42.4K	677	0.00%	flat	3q	HELD
ROBINHOOD MKTS INC	HOOD	$41.8K	417	0.00%	flat	9q	-6.9%-$3.1K
ISHARES TR	HYG	$40.8K	510	0.00%	-	new	NEW
ISHARES INC	CEMB	$40.2K	880	0.00%	-	new	NEW
PARAMOUNT SKYDANCE CORP	PSKY	$38.5K	3,901	0.00%	flat	2q	HELD
DOCUSIGN INC	DOCU	$38.2K	861	0.00%	flat	8q	-12.8%-$5.6K
NUTANIX INC	NTNX	$37.4K	734	0.00%	flat	9q	-35.7%-$20.8K
LADDER CAP CORP	LADR	$36.4K	3,659	0.00%	-	new	NEW
GRUPO TELEVISA S A B	TV	$35.5K	12,882	0.00%	flat	15q	HELD
STEEL DYNAMICS INC	STLD	$33.0K	144	0.00%	flat	9q	-20.4%-$8.5K
AMERICAN WTR WKS CO INC NEW	AWK	$32.4K	246	0.00%	flat	9q	+31.6%+$7.8K
SNAP INC	SNAP	$31.4K	7,079	0.00%	flat	6q	HELD
FIRST SOLAR INC	FSLR	$30.7K	130	0.00%	flat	9q	-21.7%-$8.5K
NVIDIA CORPORATION OPT	NVDA	$30.7K	options only	0.00%	-	new	OPTIONS
ELME COMMUNITIES	ELME	$30.1K	20,316	0.00%	flat	2q	+101.2%+$15.1K
BRIXMOR PPTY GROUP INC	BRX	$28.0K	887	0.00%	flat	2q	-42.4%-$20.6K
AH RLTY TR INC	AHRT	$25.8K	3,647	0.00%	flat	2q	-38.5%-$16.1K
ISHARES TR	MUB	$25.0K	232	0.00%	-0.02pp	2q	-96.5%-$689.6K
INDEPENDENCE RLTY TR INC	IRT	$24.0K	1,440	0.00%	-	new	NEW
ASTRAZENECA PLC	AZN	$23.1K	122	0.00%	-	new	NEW
NEXTPOWER INC	NXT	$22.5K	189	0.00%	-	new	NEW
NORFOLK SOUTHN CORP	NSC	$22.3K	71	0.00%	flat	9q	-11.2%-$2.8K
APPLE INC OPT	AAPL	$22.2K	options only	0.00%	-	new	OPTIONS
VENTAS INC	VTR	$22.0K	248	0.00%	flat	2q	+0.8%
AMERICAN HEALTHCARE REIT INC	AHR	$20.7K	397	0.00%	-	new	NEW
CSX CORP OPT	CSX	$19.1K	options only	0.00%	-	new	OPTIONS
TEXAS INSTRS INC OPT	TXN	$19.1K	options only	0.00%	-	new	OPTIONS
CLEAN HARBORS INC	CLH	$19.1K	64	0.00%	flat	9q	+33.3%+$4.8K
ACCENTURE PLC IRELAND	ACN	$18.8K	151	0.00%	-	new	NEW
WABTEC	WAB	$18.6K	69	0.00%	flat	6q	-12.7%-$2.7K
WEYERHAEUSER CO	WY	$18.6K	776	0.00%	flat	9q	-22.0%-$5.2K
EMPIRE ST RLTY TR INC	ESRT	$17.3K	3,190	0.00%	flat	2q	-53.8%-$20.1K
ATLAS ENERGY SOLUTIONS INC	AESI	$14.4K	865	0.00%	flat	2q	-4.7%
NEXPOINT RESIDENTIAL TR INC	NXRT	$14.2K	507	0.00%	flat	2q	-72.0%-$36.4K
RIVIAN AUTOMOTIVE INC	RIVN	$13.7K	789	0.00%	flat	3q	-32.1%-$6.5K
TRANSDIGM GROUP INC	TDG	$13.3K	10	0.00%	flat	9q	+400.0%+$10.7K
ISHARES TR OPT	IWM	$13.0K	options only	0.00%	-	new	OPTIONS
VSE CORP	VSEC	$12.6K	55	0.00%	flat	2q	+3.8%
MICROSOFT CORP OPT	MSFT	$11.8K	options only	0.00%	-	new	OPTIONS
ARISTA NETWORKS INC	ANET	$11.6K	68	0.00%	flat	2q	+7.9%
GFL ENVIRONMENTAL INC	GFL	$11.4K	311	0.00%	-	new	NEW
XYLEM INC	XYL	$9.9K	84	0.00%	flat	9q	-13.4%-$1.5K
DARLING INGREDIENTS INC	DAR	$9.9K	181	0.00%	flat	9q	-21.6%-$2.7K
BORGWARNER INC	BWA	$9.7K	146	0.00%	flat	5q	-24.7%-$3.2K
VORNADO RLTY TR	VNO	$9.6K	243	0.00%	flat	9q	HELD
HOME DEPOT INC	HD	$9.5K	27	0.00%	flat	6q	+8.0%
WATTS WATER TECHNOLOGIES INC	WTS	$9.4K	24	0.00%	-	new	NEW
CAPITAL ONE FINL CORP	COF	$9.2K	46	0.00%	-0.02pp	5q	-99.1%-$1.1M
CORNING INC	GLW	$9.2K	36	0.00%	-	new	NEW
COUSINS PPTYS INC	CUZ	$9.2K	306	0.00%	flat	4q	-5.8%
HEXCEL CORP NEW	HXL	$9.1K	91	0.00%	flat	9q	-17.3%-$1.9K
BXP INC	BXP	$9.1K	137	0.00%	flat	9q	-21.3%-$2.5K
ACUITY INC	AYI	$9.0K	24	0.00%	flat	9q	+41.2%+$2.6K
KILROY REALTY CORP	KRC	$9.0K	240	0.00%	flat	7q	+23.1%+$1.7K
TREX INC	TREX	$9.0K	179	0.00%	flat	9q	+2.3%
LUMENT FINANCE TRUST INC	LFT	$8.9K	9,638	0.00%	-	new	NEW
MASCO CORP	MAS	$8.5K	105	0.00%	flat	9q	+11.7%
BALL CORP	BALL	$8.4K	135	0.00%	flat	9q	-8.2%
AGREE RLTY CORP	ADC	$8.4K	111	0.00%	flat	5q	-8.3%
JAMES HARDIE INDS PLC	JHX	$8.3K	318	0.00%	-	new	NEW
ADVANCED DRAIN SYS INC DEL	WMS	$8.3K	53	0.00%	flat	9q	+32.5%+$2.0K
ENPHASE ENERGY INC	ENPH	$8.1K	164	0.00%	flat	18q	-69.6%-$18.5K
ORACLE CORP OPT	ORCLPRD	$8.1K	options only	0.00%	-	new	OPTIONS
TETRA TECH INC NEW	TTEK	$7.8K	269	0.00%	flat	9q	+52.8%+$2.7K
BKV CORP	BKV	$7.7K	281	0.00%	-	new	NEW
LOUISIANA PAC CORP	LPX	$7.6K	97	0.00%	flat	9q	+31.1%+$1.8K
BROOKFIELD RENEWABLE CORP	BEPC	$7.6K	205	0.00%	flat	4q	+39.5%+$2.2K
ARMSTRONG WORLD INDS INC NEW	AWI	$7.5K	47	0.00%	flat	9q	+46.9%+$2.4K
SK TELECOM CO LTD	SKM	$7.5K	232	0.00%	flat	2q	-94.7%-$132.9K
ECHOSTAR CORP	ECHO	$7.4K	73	0.00%	flat	2q	-66.7%-$14.8K
AEGON LTD	AEG	$7.3K	870	0.00%	-	new	NEW
MODINE MFG CO	MOD	$7.2K	27	0.00%	flat	2q	-40.0%-$4.8K
CORE & MAIN INC	CNM	$7.2K	149	0.00%	flat	7q	+18.3%+$1.1K
AVIS BUDGET GROUP INC	CAR	$6.9K	47	0.00%	flat	9q	-24.2%-$2.2K
WALMART INC	WMT	$6.9K	61	0.00%	flat	6q	-94.0%-$108.3K
CLEARWAY ENERGY INC	CWEN	$6.8K	200	0.00%	flat	6q	+19.0%+$1.1K
GE AEROSPACE	GE	$6.7K	18	0.00%	-	new	NEW
AAON INC	AAON	$6.7K	53	0.00%	flat	9q	-18.5%-$1.5K
RTX CORPORATION	RTX	$6.6K	35	0.00%	-	new	NEW
NUTRIEN LTD	NTR	$6.6K	105	0.00%	-	new	NEW
LIBERTY ENERGY INC	LBRT	$6.3K	242	0.00%	-	new	NEW
TALEN ENERGY CORP	TLN	$6.1K	16	0.00%	flat	7q	-65.2%-$11.5K
CBOE GLOBAL MKTS INC	CBOE	$6.1K	25	0.00%	-	new	NEW
LIBERTY MEDIA CORP DEL	FWONK	$4.9K	51	0.00%	flat	2q	-66.2%-$9.5K
COHERENT CORP	COHR	$4.7K	12	0.00%	-	new	NEW
ANNALY CAPITAL MANAGEMENT IN	NLY	$4.6K	204	0.00%	-	new	NEW
BOEING CO	BA	$4.5K	21	0.00%	flat	3q	-32.3%-$2.2K
VICI PPTYS INC	VICI	$4.5K	170	0.00%	flat	4q	+120.8%+$2.5K
AST SPACEMOBILE INC	ASTS	$3.6K	40	0.00%	-	new	NEW
HAWKEYE 360 INC	HAWK	$3.4K	167	0.00%	-	new	NEW
CEREBRAS SYSTEMS INC	CBRS	$3.3K	15	0.00%	-	new	NEW
OWENS CORNING NEW	OC	$3.2K	20	0.00%	-	new	NEW
HDFC BANK LTD	HDB	$3.1K	121	0.00%	flat	3q	+57.1%+$1.1K
ELEVANCE HEALTH INC FORMERLY	ELV	$3.1K	8	0.00%	-	new	NEW
ENERGY FUELS INC	UUUU	$2.6K	181	0.00%	flat	2q	-43.8%-$2.0K
SALESFORCE INC OPT	CRM	$2.4K	options only	0.00%	-	new	OPTIONS
NETFLIX INC OPT	NFLX	$2.4K	options only	0.00%	-	new	OPTIONS
FERMI INC	FRMI	$2.1K	228	0.00%	flat	2q	-78.9%-$7.8K
SOLARIS ENERGY INFRAS INC	SEI	$1.9K	24	0.00%	flat	2q	-81.1%-$8.3K
WOLFSPEED INC	WOLF	$1.9K	39	0.00%	-	new	NEW
CONSTELLATION ENERGY CORP	CEG	$1.7K	7	0.00%	-0.01pp	9q	-99.7%-$558.5K
NIKE INC	NKE	$1.1K	28	0.00%	flat	4q	HELD
ASML HLDG NV OPT	ASML	$448	options only	0.00%	-	new	OPTIONS
KRANESHARES TRUST OPT	KWEB	$314	options only	0.00%	-	new	OPTIONS
MASTERCARD INCORPORATED OPT	MA	$43	options only	0.00%	-	new	OPTIONS

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
Banks & Lending	$861.6M	16.4%
Funds & ETFs	$675.2M	12.8%
Energy	$402.2M	7.6%
Semiconductors & Electronics	$394.0M	7.5%
Mining & Metals	$355.6M	6.8%
Capital Markets	$237.9M	4.5%
Software & IT Services	$179.6M	3.4%
Food, Drink & Tobacco	$161.7M	3.1%
Construction & Building	$138.6M	2.6%
Business Services	$112.1M	2.1%
Autos & Aerospace	$111.3M	2.1%
Retail & Consumer	$102.7M	2.0%
Other sectors	$388.8M	7.4%
Not classified	$1.1B	21.7%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$5.3B	400	146	103	103	105	45.4%	45
Q1 2026	$4.3B	359	120	93	81	103	52.6%	45
Q4 2025	$4.2B	342	95	146	88	146	43.3%	44
Q3 2025	$3.0B	393	76	85	152	62	45.2%	43
Q2 2025	$2.6B	379	52	96	197	71	43.6%	39
Q1 2025	$2.7M	398	118	73	128	88	49.6%	44
Q4 2024	$3.2B	368	119	149	91	79	57.8%	45
Q3 2024	$3.0B	328	117	80	64	132	47.8%	45
Q2 2024	$2.4B	343	262	37	36	38	53.6%	44
Q1 2024	$2.3B	119	33	28	52	275	58.0%	44
Q4 2023	$3.0B	361	81	114	152	196	52.6%	45
Q3 2023	$2.3B	476	79	156	139	112	49.4%	45
Q2 2023	$2.2B	509	152	127	199	141	51.4%	45
Q1 2023	$2.0B	498	134	73	168	142	55.5%	42
Q4 2022	$2.5B	506	142	165	190	167	47.6%	40
Q3 2022	$2.5B	531	180	125	173	112	46.7%	45
Q2 2022	$2.9B	463	146	165	131	185	45.0%	46
Q1 2022	$3.6B	502	155	136	53	59	63.4%	46
Q4 2021	$3.3B	406	124	168	96	91	56.6%	45
Q3 2021	$1.9B	373	109	193	50	85	55.1%	43
Q2 2021	$2.0B	349	253	41	39	46	66.7%	48
Q1 2021	$1.4B	142	44	35	43	57	63.3%	47
Q4 2020	$2.2B	155	42	44	46	43	59.3%	50
Q3 2020	$2.0B	156	65	33	40	31	56.3%	44
Q2 2020	$1.8B	122	42	33	31	364	62.0%	45
Q1 2020	$1.3B	444	91	119	218	526	63.7%	45
Q4 2019	$2.0B	879	730	57	76	149	50.2%	45
Q3 2019	$1.8B	298	55	42	66	443	57.0%	45
Q2 2019	$2.1B	686	289	259	131	190	56.9%	45
Q1 2019	$2.2B	587	0	0	0	0	57.5%	45
Q4 2018	$2.2B	587	0	0	0	0	57.5%	44

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.