L & S Advisors Inc

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

CIK

1392364

Reported value

$967.4M

Positions

236

Top 10 weight

18.1%

Filed

2026-08-12

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
APPLE INC	AAPL	$26.4M	91,162	2.73%	-0.67pp	31q	-14.4%-$4.4M
NVIDIA CORPORATION	NVDA	$20.8M	104,102	2.15%	-0.75pp	31q	-21.2%-$5.6M
STATE STR SPDR S&P 500 ETF T	SPY	$19.1M	25,568	1.97%	-3.40pp	31q	-61.0%-$29.9M
ALPHABET INC	GOOGL	$18.0M	50,353	1.86%	-0.58pp	31q	-25.3%-$6.1M
CATERPILLAR INC	CAT	$16.0M	15,032	1.65%	+0.35pp	3q	+2.8%+$441.9K
MERCK & CO INC	MRK	$15.5M	120,404	1.60%	-0.17pp	31q	+3.3%+$490.1K
GOLDMAN SACHS GROUP INC	GS	$15.3M	15,101	1.58%	+0.25pp	12q	+21.4%+$2.7M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$14.9M	31,300	1.55%	+0.19pp	11q	-1.7%-$256.5K
ELI LILLY & CO	LLY	$14.9M	12,439	1.54%	-0.10pp	19q	-12.3%-$2.1M
CITIGROUP INC	C	$14.4M	102,988	1.49%	+0.43pp	7q	+38.9%+$4.0M
STATE STR SPDR DOW JONES IND	DIA	$14.3M	27,396	1.48%	-0.11pp	31q	HELD
AMAZON COM INC	AMZN	$13.7M	57,553	1.42%	-0.41pp	31q	-17.4%-$2.9M
LAM RESEARCH CORP	LRCX	$13.6M	31,320	1.40%	+0.44pp	3q	-12.5%-$1.9M
JOHNSON & JOHNSON	JNJ	$13.5M	52,966	1.39%	-0.13pp	31q	+6.8%+$854.1K
MICROSOFT CORP	MSFT	$13.3M	35,526	1.37%	-0.33pp	31q	-2.7%-$363.0K
EATON CORP PLC	ETN	$13.0M	30,393	1.34%	-0.01pp	16q	+1.1%+$135.5K
META PLATFORMS INC	META	$11.9M	21,166	1.23%	-0.45pp	31q	-9.4%-$1.2M
JPMORGAN CHASE & CO	JPM	$11.9M	36,341	1.23%	+0.85pp	31q	+256.9%+$8.6M
BROADCOM INC	AVGO	$11.8M	31,158	1.22%	-0.56pp	31q	-31.6%-$5.4M
MORGAN STANLEY	MS	$11.4M	54,325	1.17%	-	new	NEW
CUMMINS INC	CMI	$11.3M	15,881	1.17%	+0.06pp	5q	-2.8%-$330.2K
BANK OF NY MELLON CORP	BNY	$11.3M	78,005	1.17%	+0.14pp	6q	+13.9%+$1.4M
AMERICAN EXPRESS CO	AXP	$11.0M	32,374	1.13%	+1.10pp	10q	+3570.5%+$10.7M
CORNING INC	GLW	$10.6M	41,569	1.10%	-	new	NEW
RALPH LAUREN CORP	RL	$10.6M	26,353	1.09%	-	new	NEW
STATE STR CORP	STT	$10.5M	62,158	1.09%	+0.08pp	9q	-2.1%-$223.5K
MASTEC INC	MTZ	$10.4M	25,067	1.08%	+0.02pp	2q	-4.0%-$434.0K
GE VERNOVA INC	GEV	$10.4M	8,817	1.07%	-0.04pp	8q	-12.7%-$1.5M
ROCKWELL AUTOMATION INC	ROK	$10.3M	20,767	1.06%	+0.08pp	5q	-4.2%-$450.5K
DEVON ENERGY CORP NEW	DVN	$10.1M	244,547	1.04%	-	new	NEW
UNITEDHEALTH GROUP INC	UNH	$10.1M	24,250	1.04%	-	new	NEW
DELTA AIR LINES INC	DAL	$10.0M	106,485	1.03%	-	new	NEW
BANK OF AMER CORP	BAC	$9.8M	172,839	1.02%	+0.95pp	31q	+1571.6%+$9.3M
VALERO ENERGY CORP	VLO	$9.8M	37,707	1.02%	-	new	NEW
VISA INC	V	$9.8M	28,419	1.01%	+0.97pp	14q	+2614.3%+$9.4M
DELL TECHNOLOGIES INC	DELL	$9.7M	22,507	1.00%	-	new	NEW
SIMON PPTY GROUP INC NEW	SPG	$9.7M	43,268	1.00%	-	new	NEW
TRAVELERS COMPANIES INC	TRV	$9.6M	29,083	0.99%	-	new	NEW
VICTORIAS SECRET AND CO	VSXY	$9.6M	114,880	0.99%	-	new	NEW
RTX CORPORATION	RTX	$9.5M	50,033	0.98%	+0.18pp	2q	+52.1%+$3.3M
ROYAL CARIBBEAN GROUP	RCL	$9.4M	29,608	0.97%	-	new	NEW
UNITED AIRLS HLDGS INC	UAL	$9.4M	68,975	0.97%	-	new	NEW
DOVER CORP	DOV	$9.2M	41,074	0.95%	-0.11pp	3q	+1.8%+$166.0K
CHUBB LIMITED	CB	$9.2M	26,969	0.95%	+0.37pp	3q	+91.1%+$4.4M
ISHARES TR	IBB	$8.8M	46,044	0.91%	-	new	NEW
INTEL CORP	INTC	$8.1M	57,743	0.83%	+0.80pp	4q	+761.5%+$7.1M
WALMART INC	WMT	$7.9M	70,069	0.82%	-0.26pp	16q	+1.3%+$99.1K
3M CO	MMM	$7.8M	48,401	0.81%	-0.05pp	8q	+3.0%+$229.1K
ABBVIE INC	ABBV	$7.8M	30,958	0.81%	+0.49pp	31q	+166.7%+$4.9M
PALO ALTO NETWORKS INC	PANW	$7.6M	22,333	0.79%	+0.33pp	31q	-1.1%-$81.8K
WILLIAMS COS INC	WMB	$7.5M	100,778	0.77%	-0.75pp	9q	-39.5%-$4.9M
BLOOM ENERGY CORP	BE	$7.2M	23,725	0.74%	+0.17pp	23q	-28.8%-$2.9M
VANGUARD INDEX FDS	VTI	$7.0M	18,863	0.72%	-0.04pp	31q	HELD
MICRON TECHNOLOGY INC	MU	$6.9M	5,988	0.71%	+0.15pp	4q	-55.2%-$8.5M
DIGITAL RLTY TR INC	DLR	$6.7M	37,108	0.69%	+0.10pp	2q	+43.1%+$2.0M
ARM HOLDINGS PLC	ARM	$6.2M	17,588	0.64%	-	new	NEW
WESTERN DIGITAL CORP	WDC	$6.1M	9,502	0.63%	-0.02pp	5q	-50.0%-$6.1M
SEAGATE TECHNOLOGY HLDNGS PL	STX	$6.0M	6,229	0.62%	+0.01pp	5q	-49.9%-$6.0M
TJX COS INC NEW	TJX	$5.9M	39,220	0.61%	-0.15pp	4q	+3.0%+$170.9K
AMERICAN CENTY ETF TR	AVUS	$5.9M	45,677	0.60%	-0.04pp	14q	HELD
LINDE PLC	LIN	$5.5M	10,642	0.57%	-	new	NEW
VANECK ETF TRUST	CLOB	$5.5M	108,283	0.57%	-0.21pp	7q	-11.7%-$726.3K
VANECK ETF TRUST	ANGL	$5.4M	185,662	0.56%	-	new	NEW
AMGEN INC	AMGN	$5.3M	14,768	0.55%	-0.10pp	3q	HELD
KLA CORP	KLAC	$5.3M	17,637	0.55%	+0.09pp	31q	+617.5%+$4.6M
ADVANCED MICRO DEVICES INC	AMD	$5.2M	8,888	0.53%	-	new	NEW
CROWDSTRIKE HLDGS INC	CRWD	$5.2M	6,752	0.53%	+0.31pp	25q	+45.8%+$1.6M
UNION PAC CORP	UNP	$5.1M	18,767	0.53%	-	new	NEW
WILLIAMS SONOMA INC	WSM	$5.0M	21,576	0.52%	-	new	NEW
CVS HEALTH CORP	CVS	$4.9M	47,408	0.51%	-	new	NEW
JOHNSON CONTROLS INTERNATION	JCI	$4.9M	33,524	0.51%	-	new	NEW
UNITED RENTALS INC	URI	$4.9M	4,296	0.50%	-	new	NEW
COLGATE PALMOLIVE CO	CL	$4.9M	52,974	0.50%	-	new	NEW
KINDER MORGAN INC DEL	KMI	$4.8M	150,504	0.50%	-0.12pp	7q	+2.6%+$121.3K
DIMENSIONAL ETF TRUST	DUHP	$4.8M	114,587	0.49%	-0.04pp	13q	HELD
HERSHEY CO	HSY	$4.7M	27,005	0.49%	-	new	NEW
PROLOGIS INC.	PLD	$4.7M	34,887	0.49%	-0.08pp	4q	+2.4%+$110.8K
ASTRAZENECA PLC	AZN	$4.6M	24,346	0.48%	-0.11pp	3q	+3.1%+$139.0K
ABERCROMBIE & FITCH CO	ANF	$4.4M	48,986	0.46%	-	new	NEW
DICKS SPORTING GOODS INC	DKS	$4.3M	19,118	0.45%	-	new	NEW
MCKESSON CORP	MCK	$4.3M	5,720	0.45%	-	new	NEW
HONEYWELL INTL INC	HON	$4.3M	19,219	0.44%	-	new	NEW
ONEOK INC NEW	OKE	$4.3M	49,471	0.44%	-0.52pp	2q	-41.4%-$3.0M
EQUINIX INC	EQIX	$4.2M	4,075	0.44%	-	new	NEW
HONEYWELL AEROSPACE INC	HONA	$4.2M	19,091	0.44%	-	new	NEW
TC ENERGY CORP	TRP	$4.1M	61,765	0.42%	-0.06pp	2q	+1.3%+$51.6K
CAMECO CORP	CCJ	$4.0M	39,042	0.41%	-0.35pp	5q	-29.9%-$1.7M
FEDEX CORP	FDX	$3.9M	12,390	0.40%	-0.15pp	3q	HELD
BLACKROCK ETF TRUST II	BINC	$3.8M	71,800	0.39%	-0.06pp	5q	+4.4%+$159.6K
PIMCO ETF TR	BOND	$3.7M	40,597	0.39%	-0.06pp	10q	+4.4%+$157.4K
MARVELL TECHNOLOGY INC	MRVL	$3.7M	12,454	0.38%	-	new	NEW
SANDISK CORP	SNDK	$3.4M	1,500	0.35%	+0.06pp	4q	-59.6%-$5.0M
PROCTER & GAMBLE CO	PG	$3.4M	22,904	0.35%	-0.07pp	31q	HELD
J P MORGAN EXCHANGE TRADED F	JQUA	$3.3M	45,630	0.34%	-0.01pp	14q	HELD
FIRST TR EXCH TRD ALPHDX FD	FDT	$3.2M	34,171	0.33%	-0.04pp	13q	HELD
FIRST TR EXCHANGE TRADED FD	FXL	$3.2M	14,888	0.33%	+0.03pp	14q	-2.2%-$72.1K
NUSHARES ETF TR	NULG	$3.2M	27,558	0.33%	+0.01pp	14q	-1.3%-$40.9K
MODERNA INC	MRNA	$2.9M	41,976	0.30%	-	new	NEW
VANGUARD INDEX FDS	VOO	$2.9M	4,178	0.30%	-0.03pp	5q	-4.8%-$144.2K
GUARDANT HEALTH INC	GH	$2.9M	19,057	0.30%	-	new	NEW
CISCO SYS INC	CSCO	$2.7M	23,081	0.28%	+0.02pp	31q	-11.8%-$363.1K
BRIGHTSPRING HEALTH SVCS INC	BTSG	$2.6M	37,941	0.27%	-0.03pp	8q	-33.2%-$1.3M
SPDR INDEX SHS FDS	QEFA	$2.6M	27,496	0.27%	-0.04pp	13q	+1.5%+$38.9K
VANECK ETF TRUST	MOAT	$2.6M	25,392	0.27%	-0.03pp	9q	+1.3%+$34.7K
ALPHABET INC	GOOG	$2.6M	7,346	0.27%	flat	31q	HELD
VISTRA CORP	VST	$2.5M	15,803	0.26%	-0.13pp	8q	-22.7%-$737.3K
DBX ETF TR	DEUS	$2.5M	37,907	0.26%	-0.03pp	13q	HELD
Braddock Multi-Strat Income Cl Instl		$2.4M	375,104	0.25%	-0.03pp	4q	+8.3%+$186.5K
PIMCO ETF TR	LONZ	$2.4M	48,797	0.25%	-0.03pp	9q	+7.5%+$168.7K
ABB LTD	ABBNY	$2.3M	21,528	0.24%	-0.07pp	5q	-29.1%-$962.0K
GLOBAL X FDS	AIQ	$2.3M	35,520	0.24%	+0.03pp	9q	-0.6%-$13.5K
WISDOMTREE TR	EZM	$2.3M	30,276	0.24%	-0.02pp	13q	+1.2%+$27.3K
PIMCO ETF TR	PYLD	$2.3M	85,999	0.24%	-0.03pp	3q	+7.6%+$161.6K
SIEMENS ENERGY AG NPV ADR	SMERY	$2.3M	59,440	0.23%	-0.32pp	2q	+127.3%+$1.3M
ISHARES TR	LQD	$2.2M	20,379	0.23%	-0.03pp	3q	+6.1%+$128.5K
HOWMET AEROSPACE INC	HWM	$2.2M	8,260	0.23%	-0.16pp	11q	-38.6%-$1.4M
ISHARES TR	MBB	$2.2M	23,485	0.23%	-0.03pp	3q	+6.5%+$135.2K
ISHARES TR	HYG	$2.2M	27,634	0.23%	-0.03pp	3q	+8.0%+$162.9K
FIRSTCASH HOLDINGS INC	FCFS	$2.2M	10,211	0.23%	-0.11pp	4q	-28.4%-$877.6K
SSGA ACTIVE ETF TR	SRLN	$2.2M	53,772	0.22%	-0.07pp	14q	-9.1%-$215.8K
J P MORGAN EXCHANGE TRADED F	JEPI	$2.1M	37,646	0.22%	-0.05pp	13q	+0.6%+$11.7K
FIRST TR EXCHANGE-TRADED FD	RDVY	$2.1M	26,145	0.22%	flat	14q	+0.8%+$16.9K
FLEXSHARES TR	QDEF	$2.1M	24,195	0.22%	-0.03pp	13q	-1.3%-$27.7K
BWX TECHNOLOGIES INC	BWXT	$2.1M	10,714	0.22%	-0.18pp	14q	-30.1%-$897.4K
CARPENTER TECHNOLOGY CORP	CRS	$2.0M	3,314	0.21%	-0.06pp	9q	-38.6%-$1.3M
NRG ENERGY INC	NRG	$2.0M	13,440	0.20%	-0.14pp	7q	-28.6%-$785.8K
CELESTICA INC	CLS	$1.9M	5,247	0.20%	-0.07pp	8q	-31.0%-$858.0K
CHEVRON CORPORATION	CVX	$1.9M	11,490	0.20%	+0.15pp	31q	+560.0%+$1.6M
INTUITIVE SURGICAL INC	ISRG	$1.9M	4,734	0.19%	-0.23pp	31q	-35.2%-$1.0M
PARKER-HANNIFIN CORP	PH	$1.9M	1,907	0.19%	-0.11pp	14q	-28.2%-$731.8K
EXXONMOBIL HOLDINGS CORP COM SHS	XOM	$1.7M	12,718	0.18%	-	new	NEW
VERTIV HOLDINGS CO	VRT	$1.7M	5,069	0.18%	-0.07pp	10q	-34.6%-$896.7K
VANGUARD TAX-MANAGED FDS	VEA	$1.6M	21,848	0.16%	-0.01pp	31q	+0.6%+$10.0K
DIMENSIONAL ETF TRUST	DFAE	$1.5M	38,354	0.16%	flat	14q	HELD
INVESCO QQQ TR	QQQ	$1.5M	2,003	0.15%	+0.01pp	31q	-0.8%-$12.5K
DOUBLELINE ETF TRUST	DBND	$1.5M	31,930	0.15%	-0.03pp	10q	HELD
ISHARES TR	QUAL	$1.4M	6,596	0.15%	-0.01pp	14q	+0.9%+$12.5K
FABRINET	FN	$1.4M	2,523	0.15%	-0.10pp	4q	-33.2%-$706.0K
SPDR SERIES TRUST	SPTM	$1.4M	15,264	0.14%	-0.01pp	14q	HELD
COHERENT CORP	COHR	$1.4M	3,496	0.14%	-0.02pp	2q	-35.2%-$749.1K
ABBOTT LABORATORIES	ABT	$1.4M	15,070	0.14%	-0.05pp	31q	HELD
DIMENSIONAL ETF TRUST	DFAS	$1.4M	16,510	0.14%	-0.01pp	13q	+1.1%+$15.3K
INVESCO EXCH TRADED FD TR II	PDN	$1.3M	29,919	0.14%	-0.02pp	13q	+0.7%+$8.8K
EQT CORP	EQT	$1.3M	25,052	0.14%	-1.28pp	7q	-85.8%-$8.1M
PIMCO ETF TR	MINT	$1.3M	12,985	0.14%	-0.01pp	11q	+16.3%+$183.5K
EZCORP INC	EZPW	$1.3M	37,637	0.13%	-0.08pp	3q	-43.7%-$1.0M
ISHARES TR	SOXX	$1.2M	1,863	0.12%	+0.05pp	5q	+7.5%+$83.3K
J P MORGAN EXCHANGE TRADED F	JVAL	$1.2M	20,232	0.12%	flat	13q	HELD
NETFLIX INC	NFLX	$1.2M	16,420	0.12%	-0.69pp	16q	-75.6%-$3.6M
COSTCO WHOLESALE CORPORATION	COST	$1.1M	1,226	0.12%	-0.06pp	31q	-15.4%-$209.5K
SELECT SECTOR SPDR TR	XLE	$1.1M	20,706	0.11%	-0.06pp	2q	-9.7%-$117.9K
ISHARES TR	IWM	$1.1M	3,614	0.11%	flat	31q	HELD
ISHARES TR	IQLT	$1.1M	21,785	0.11%	-0.01pp	14q	+0.5%+$5.6K
TRANE TECHNOLOGIES PLC	TT	$1.0M	2,077	0.11%	-0.04pp	12q	-25.2%-$343.3K
CONSTELLATION ENERGY CORP	CEG	$1.0M	4,087	0.10%	-0.42pp	18q	-72.8%-$2.7M
GOLDMAN SACHS TR II		$1.0M	42,999	0.10%	-0.02pp	30q	HELD
GLOBAL X FDS	PFFD	$1.0M	53,677	0.10%	-0.02pp	12q	+0.8%+$7.9K
SSGA ACTIVE TR	HYBL	$974.5K	34,865	0.10%	-0.02pp	13q	+0.7%+$7.2K
SELECT SECTOR SPDR TR	XLK	$971.9K	5,101	0.10%	+0.03pp	30q	+14.8%+$125.6K
J P MORGAN EXCHANGE TRADED F	JPST	$971.3K	19,207	0.10%	-0.01pp	5q	+13.2%+$113.0K
US BANCORP	USB	$954.3K	15,800	0.10%	flat	31q	HELD
SELECT SECTOR SPDR TR	XLV	$930.5K	5,865	0.10%	+0.05pp	4q	+158.7%+$570.8K
BERKSHIRE HATHAWAY INC DEL	BRKB	$925.7K	1,850	0.10%	-0.01pp	31q	+2.8%+$25.0K
STATE STR SPDR S&P MIDCAP 40	MDY	$910.3K	1,294	0.09%	-0.01pp	15q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$856.7K	14,352	0.09%	-0.01pp	25q	+0.8%+$6.6K
BRIDGEBIO PHARMA INC	BBIO	$839.6K	11,273	0.09%	-0.07pp	4q	-30.6%-$370.6K
FIRST TR EXCHANGE-TRADED FD	FTSL	$832.7K	18,607	0.09%	-0.02pp	14q	+1.1%+$9.2K
BOEING CO	BA	$802.0K	3,705	0.08%	-0.01pp	7q	+3.1%+$23.8K
ALPS ETF TR	AMLP	$786.7K	15,173	0.08%	-0.60pp	8q	-85.2%-$4.5M
COCA COLA CO	KO	$727.4K	8,950	0.08%	-0.01pp	31q	HELD
PROSHARES TR	REGL	$719.7K	7,860	0.07%	-0.01pp	25q	-2.8%-$21.1K
QUANTA SVCS INC	PWR	$690.5K	959	0.07%	-	new	NEW
VANECK ETF TRUST	BIZD	$653.7K	51,638	0.07%	-0.01pp	3q	+3.0%+$19.0K
HARDING LOEVNER INTERNAT		$620.4K	19,917	0.06%	-0.01pp	31q	HELD
J P MORGAN EXCHANGE TRADED F	JPEM	$619.6K	9,870	0.06%	-0.01pp	13q	+4.3%+$25.6K
SELECT SECTOR SPDR TR	XLF	$615.1K	11,473	0.06%	+0.04pp	10q	+183.0%+$397.7K
FIRST TR EXCHANGE-TRADED FD	QTEC	$576.0K	1,721	0.06%	+0.01pp	14q	HELD
KRATOS DEFENSE & SEC SOLUTIO	KTOS	$572.7K	11,486	0.06%	-0.13pp	8q	-46.3%-$494.1K
ARISTA NETWORKS INC	ANET	$547.9K	3,225	0.06%	+0.01pp	7q	-1.4%-$7.6K
SELECT SECTOR SPDR TR	XLY	$546.6K	4,661	0.06%	-	new	NEW
NEBIUS GROUP N.V.	NBIS	$543.8K	1,969	0.06%	+0.03pp	4q	-6.0%-$34.5K
FLEXSHARES TR	HYGV	$538.9K	13,386	0.06%	-0.01pp	13q	+1.3%+$7.1K
TESLA INC	TSLA	$488.3K	1,161	0.05%	flat	31q	+3.4%+$16.0K
AMERICAN CENTY ETF TR	AVDE	$486.2K	5,451	0.05%	-0.01pp	14q	HELD
SELECT SECTOR SPDR TR	XLRE	$479.1K	10,882	0.05%	-	new	NEW
WISDOMTREE TR	DGRW	$460.3K	4,814	0.05%	-0.01pp	14q	HELD
ISHARES TR	IXN	$439.7K	3,043	0.05%	+0.01pp	11q	HELD
ISHARES TR	ITA	$423.0K	1,745	0.04%	flat	6q	+17.7%+$63.5K
ISHARES TR	IVW	$418.8K	3,045	0.04%	+0.01pp	16q	+17.2%+$61.3K
SELECT SECTOR SPDR TR	XLI	$413.1K	2,230	0.04%	flat	15q	HELD
PALANTIR TECHNOLOGIES INC	PLTR	$409.6K	3,511	0.04%	-0.02pp	5q	-1.5%-$6.3K
PIMCO EQUITY SER	MFDX	$400.4K	9,615	0.04%	-0.01pp	10q	HELD
ISHARES TR	IVE	$396.7K	1,747	0.04%	flat	22q	+18.0%+$60.4K
SEMPRA	SRE	$394.3K	4,253	0.04%	+0.01pp	2q	+93.8%+$190.8K
DFA US CORE EQUITY 1 I		$386.8K	6,999	0.04%	flat	6q	HELD
J P MORGAN EXCHANGE TRADED F	JEPQ	$376.9K	6,133	0.04%	flat	2q	HELD
GOLDMAN SACHS ETF TR	GPIX	$375.5K	6,757	0.04%	flat	2q	HELD
EATON VANCE HIGH INCOME		$373.3K	88,031	0.04%	-0.01pp	31q	+1.2%+$4.3K
SPDR GOLD TR	GLD	$372.4K	1,011	0.04%	-0.03pp	15q	-16.2%-$72.2K
PACER FDS TR	COWZ	$359.3K	5,777	0.04%	-0.01pp	14q	HELD
GLOBAL X FDS	SHLD	$351.5K	5,886	0.04%	-0.02pp	4q	HELD
VANGUARD INDEX FDS	VUG	$341.9K	3,970	0.04%	flat	31q	+499.7%+$284.9K
DUKE ENERGY CORP NEW	DUK	$323.7K	2,557	0.03%	-1.38pp	2q	-97.0%-$10.5M
ENTERPRISE PRODS PARTNERS L	EPD	$315.8K	8,590	0.03%	-0.01pp	10q	HELD
VANECK ETF TRUST	CLOI	$307.0K	5,798	0.03%	flat	3q	+29.4%+$69.8K
VANGUARD INDEX FDS	VTV	$304.1K	1,395	0.03%	flat	5q	HELD
COREWEAVE INC	CRWV	$303.5K	3,049	0.03%	-0.02pp	3q	-39.4%-$197.6K
ISHARES TR	IWO	$301.8K	766	0.03%	flat	15q	-14.6%-$51.6K
FIDELITY CONTRAFUND		$301.0K	11,231	0.03%	flat	31q	HELD
CARNIVAL CORP	CCL	$285.7K	10,000	0.03%	flat	2q	HELD
FLEXSHARES TR	TILT	$280.8K	1,017	0.03%	flat	14q	HELD
GE AEROSPACE	GE	$273.2K	731	0.03%	flat	12q	HELD
HOME DEPOT INC	HD	$271.0K	768	0.03%	-0.02pp	31q	-31.9%-$127.0K
ISHARES TR	IWY	$263.4K	906	0.03%	flat	5q	HELD
WISDOMTREE TR	USFR	$251.8K	5,000	0.03%	-0.01pp	10q	HELD
ISHARES TR	DGRO	$246.9K	3,258	0.03%	flat	4q	HELD
VANECK ETF TRUST	MORT	$237.6K	22,936	0.02%	-0.01pp	2q	HELD
VANECK MERK GOLD ETF	OUNZ	$234.8K	6,085	0.02%	-0.01pp	3q	HELD
ISHARES TR	USHY	$224.5K	6,065	0.02%	flat	14q	HELD
ISHARES TR	IJR	$221.6K	1,494	0.02%	-	new	NEW
ISHARES INC	EWT	$217.2K	2,000	0.02%	-	new	NEW
ISHARES TR	ESGD	$212.6K	2,068	0.02%	-	new	NEW
AMERICAN ELEC PWR CO INC	AEP	$211.2K	1,544	0.02%	-1.35pp	2q	-98.1%-$11.2M
SPDR SERIES TRUST	BIL	$208.3K	2,273	0.02%	flat	5q	HELD
ENERGY TRANSFER L P	ET	$206.8K	10,814	0.02%	flat	9q	HELD
CIPHER DIGITAL INC	CIFR	$204.4K	8,341	0.02%	-	new	NEW
XCEL ENERGY INC	XEL	$203.7K	2,537	0.02%	-0.59pp	2q	-95.8%-$4.7M
AMERICAN AIRLINES GROUP INC	AAL	$199.0K	11,013	0.02%	+0.01pp	2q	HELD
GRAYSCALE FUNDS TRUST	BTCC	$175.5K	14,064	0.02%	-0.02pp	4q	-30.2%-$76.0K
VNGRD INTERMED CA TAX EX		$156.2K	13,512	0.02%	flat	4q	HELD
OPENDOOR TECHNOLOGIES INC	OPEN	$50.8K	11,005	0.01%	flat	4q	-24.1%-$16.2K
Fidelity Municipal Money Market		$37.1K	37,067	0.00%	flat	7q	HELD
MONEY MARKET POOL		$12.7K	10,241	0.00%	flat	4q	-6.6%
CYPRESS DEV CORP	CYDVFXXXX	$1.9K	10,000	0.00%	flat	24q	HELD
LABOR SMART INC	LTNC	$6	28,571	0.00%	flat	15q	HELD
GLOBAL TECHNOLOGIES	GTLL	$0	310,000	0.00%	flat	15q	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
Semiconductors & Electronics	$102.8M	10.6%
Industrials	$71.9M	7.4%
Banks & Lending	$70.1M	7.2%
Biotech & Pharma	$66.7M	6.9%
Retail & Consumer	$66.5M	6.9%
Computer Hardware	$62.5M	6.5%
Software & IT Services	$52.2M	5.4%
Energy	$46.1M	4.8%
Transport & Logistics	$38.2M	4.0%
Funds & ETFs	$38.1M	3.9%
Insurance	$29.8M	3.1%
Capital Markets	$27.2M	2.8%
Other sectors	$150.6M	15.6%
Not classified	$144.8M	15.0%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$967.4M	236	42	69	72	39	18.1%	43
Q1 2026	$794.9M	233	34	56	114	171	24.5%	41
Q4 2025	$1.1B	370	70	103	102	43	20.9%	36
Q3 2025	$1.0B	343	51	97	77	47	24.3%	38
Q2 2025	$1.0B	339	57	121	73	70	23.8%	39
Q1 2025	$810.5M	352	73	100	82	55	21.9%	39
Q4 2024	$912.3M	334	64	67	115	74	23.3%	43
Q3 2024	$956.7M	344	95	99	87	74	20.2%	43
Q2 2024	$877.1M	323	77	77	80	86	23.7%	40
Q1 2024	$884.6M	332	75	83	82	57	18.0%	40
Q4 2023	$820.6M	314	89	93	78	69	20.7%	44
Q3 2023	$696.1M	294	64	69	97	72	21.3%	44
Q2 2023	$749.5M	302	85	76	68	85	24.9%	45
Q1 2023	$714.2M	302	113	62	63	51	21.0%	40
Q4 2022	$540.1M	240	43	48	77	34	22.4%	44
Q3 2022	$567.5M	231	45	46	72	43	30.6%	45
Q2 2022	$599.0M	229	39	40	94	90	34.4%	43
Q1 2022	$844.5M	280	66	72	99	79	22.2%	41
Q4 2021	$927.4M	293	54	89	84	92	22.5%	40
Q3 2021	$926.0M	331	77	87	94	73	20.9%	40
Q2 2021	$929.5M	327	76	115	84	92	21.1%	43
Q1 2021	$880.7M	343	90	71	134	78	17.7%	40
Q4 2020	$863.3M	331	93	108	88	57	18.0%	47
Q3 2020	$727.2M	295	68	85	93	78	18.2%	44
Q2 2020	$670.5M	305	88	81	76	41	21.6%	44
Q1 2020	$529.8M	258	43	61	119	86	35.7%	43
Q4 2019	$781.9M	301	50	69	133	64	29.5%	44
Q3 2019	$714.6M	315	46	102	119	61	20.9%	45
Q2 2019	$757.5M	330	57	107	103	52	22.9%	44
Q1 2019	$743.5M	325	60	124	63	33	24.0%	44
Q4 2018	$532.7M	298	0	0	0	0	33.9%	45

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.