Merit Financial Group, LLC

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

This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.

CIK

1621225

Reported value

$32.8B

Positions

2,318

Top 10 weight

20.3%

Filed

2026-07-17

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
VANGUARD INDEX FDS	VUG	$852.9M	9,901,117	2.60%	-0.07pp	31q	+1101.3%+$781.9M
ISHARES TR	IUSG	$787.1M	4,184,898	2.40%	+0.15pp	13q	+114.1%+$419.6M
APPLE INC PUT	AAPL	$719.4M	2,439,486	2.20%	+0.34pp	31q	+147.6%+$428.9M
GMO ETF TRUST	QLTY	$703.3M	16,898,489	2.15%	flat	7q	+111.8%+$371.3M
ISHARES TR	IUSV	$655.8M	5,953,572	2.00%	-0.12pp	11q	+113.5%+$348.6M
VANGUARD WORLD FD	MGK	$640.3M	7,283,773	1.95%	+0.47pp	23q	+1242.9%+$592.6M
BLACKROCK ETF TRUST	DYNF	$615.0M	9,042,069	1.88%	+0.43pp	10q	+169.7%+$386.9M
STATE STR SPDR S&P 500 ETF T CALL+PUT	SPY	$601.2M	168,093	1.84%	+1.38pp	28q	+111.7%+$317.3M
VANGUARD WORLD FD	MGV	$540.2M	3,305,108	1.65%	+0.21pp	18q	+147.2%+$321.7M
ISHARES TR	IVV	$529.5M	706,998	1.62%	+0.06pp	28q	+120.1%+$288.9M
NVIDIA CORPORATION CALL+PUT	NVDA	$524.2M	2,603,978	1.60%	+0.12pp	31q	+127.3%+$293.6M
VANGUARD INDEX FDS	VTV	$444.3M	2,038,604	1.36%	-0.10pp	31q	+104.3%+$226.8M
BLACKROCK ETF TRUST	CORO	$420.4M	11,485,548	1.28%	+0.09pp	2q	+130.6%+$238.1M
MICROSOFT CORP PUT	MSFT	$390.5M	1,041,531	1.19%	flat	31q	+141.2%+$228.6M
VANGUARD INDEX FDS	VOO	$374.2M	544,864	1.14%	-0.08pp	31q	+98.2%+$185.4M
SPDR SERIES TRUST	SPTI	$366.2M	12,898,596	1.12%	-0.20pp	16q	+107.8%+$189.9M
INVESCO QQQ TR	QQQ	$362.3M	491,968	1.11%	+0.10pp	31q	+109.9%+$189.7M
AMERICAN CENTY ETF TR	AVNM	$355.2M	4,311,164	1.08%	-0.06pp	5q	+112.8%+$188.2M
SPDR INDEX SHS FDS	CWI	$305.1M	7,502,620	0.93%	-0.02pp	18q	+115.1%+$163.3M
VICTORY PORTFOLIOS II	USTB	$297.6M	5,879,768	0.91%	-0.15pp	7q	+108.3%+$154.7M
ISHARES TR	GOVT	$295.9M	12,987,988	0.90%	+0.01pp	18q	+146.9%+$176.0M
VICTORY PORTFOLIOS II	VFLO	$295.0M	6,449,040	0.90%	+0.07pp	5q	+128.5%+$165.9M
AMAZON COM INC CALL+PUT	AMZN	$292.6M	1,220,016	0.89%	+0.12pp	31q	+142.7%+$172.1M
VICTORY PORTFOLIOS II	UBND	$287.4M	13,227,690	0.88%	-0.16pp	4q	+107.1%+$148.6M
BROADCOM INC CALL+PUT	AVGO	$278.2M	614,941	0.85%	+0.19pp	19q	+116.8%+$149.9M
BLACKROCK ETF TRUST II	BINC	$277.7M	5,305,346	0.85%	-0.07pp	10q	+123.4%+$153.4M
ISHARES INC	IEMG	$271.1M	3,272,440	0.83%	-0.15pp	31q	+74.2%+$115.5M
ISHARES TR	MBB	$271.1M	2,867,890	0.83%	-0.13pp	18q	+110.3%+$142.2M
VANGUARD INDEX FDS	VO	$269.8M	3,348,769	0.82%	+0.06pp	21q	+833.4%+$240.9M
ALPHABET INC CALL	GOOGL	$243.3M	679,465	0.74%	+0.02pp	27q	+100.6%+$122.0M
BLACKROCK ETF TRUST	BAI	$237.2M	4,498,476	0.72%	+0.11pp	5q	+78.7%+$104.4M
ISHARES TR	EFV	$233.4M	3,048,369	0.71%	-0.60pp	18q	+28.6%+$51.9M
VANGUARD INDEX FDS	VTI	$215.2M	581,444	0.66%	flat	28q	+110.7%+$113.0M
CAPITAL GROUP CORE EQUITY ET	CGUS	$201.8M	4,536,932	0.62%	-0.04pp	13q	+96.6%+$99.2M
VANGUARD INDEX FDS	VB	$199.7M	658,716	0.61%	+0.01pp	27q	+112.3%+$105.6M
ALPHABET INC	GOOG	$196.5M	556,189	0.60%	+0.15pp	31q	+165.5%+$122.5M
UNITED PARCEL SVCS INC PUT	UPS	$191.2M	1,697,287	0.58%	-0.01pp	31q	+108.2%+$99.4M
ISHARES TR	MTUM	$188.2M	548,942	0.57%	-0.04pp	26q	+59.0%+$69.8M
VANGUARD BD INDEX FDS	BND	$183.4M	2,498,068	0.56%	-0.01pp	18q	+138.6%+$106.5M
CAPITAL GROUP GROWTH ETF	CGGR	$182.3M	3,861,627	0.56%	-0.01pp	16q	+102.1%+$92.1M
CAPITAL GROUP DIVIDEND VALUE	CGDV	$174.0M	3,530,120	0.53%	-0.04pp	16q	+96.9%+$85.6M
JANUS DETROIT STR TR	JAAA	$171.3M	3,392,406	0.52%	-0.10pp	12q	+104.7%+$87.6M
JPMORGAN CHASE & CO	JPM	$160.4M	490,043	0.49%	+0.10pp	28q	+175.5%+$102.2M
VANGUARD SCOTTSDALE FDS	VMBS	$151.6M	3,239,456	0.46%	-0.01pp	18q	+138.7%+$88.1M
BERKSHIRE HATHAWAY INC DEL	BRKB	$142.7M	285,152	0.44%	-0.02pp	31q	+124.0%+$79.0M
GLOBAL X FDS	SHLD	$140.0M	2,345,212	0.43%	-0.01pp	7q	+179.5%+$89.9M
ISHARES TR	EFG	$137.2M	1,102,578	0.42%	+0.21pp	22q	+338.0%+$105.9M
BLACKROCK ETF TRUST	THRO	$134.6M	3,122,150	0.41%	-0.14pp	5q	+51.2%+$45.6M
VANGUARD TAX-MANAGED FDS	VEA	$133.1M	1,868,413	0.41%	-0.04pp	29q	+100.1%+$66.6M
SPDR SERIES TRUST	SPYG	$127.7M	1,073,595	0.39%	flat	27q	+102.6%+$64.7M
MICRON TECHNOLOGY INC	MU	$126.7M	109,759	0.39%	+0.27pp	15q	+126.6%+$70.8M
SPDR SERIES TRUST	BIL	$124.1M	1,354,212	0.38%	+0.03pp	15q	+161.7%+$76.7M
SCHWAB STRATEGIC TR	SCHG	$123.0M	3,635,154	0.38%	-0.01pp	21q	+101.7%+$62.0M
SCHWAB STRATEGIC TR	SCHO	$117.9M	4,884,212	0.36%	-0.01pp	17q	+137.4%+$68.2M
EXXON MOBIL CORP	XOMXXXX	$113.8M	832,341	0.35%	-0.14pp	31q	+116.0%+$61.1M
CAPITAL GRP FIXED INCM ETF T	CGCB	$112.3M	4,290,766	0.34%	-0.07pp	6q	+103.6%+$57.2M
CAPITAL GRP FIXED INCM ETF T	CGCP	$112.1M	5,028,990	0.34%	-0.07pp	16q	+102.2%+$56.6M
ELI LILLY & CO	LLY	$110.1M	91,766	0.34%	+0.04pp	18q	+110.7%+$57.8M
META PLATFORMS INC CALL	META	$108.9M	193,088	0.33%	-0.07pp	31q	+101.9%+$55.0M
JOHNSON & JOHNSON	JNJ	$106.5M	419,323	0.33%	-0.06pp	31q	+96.4%+$52.3M
CATERPILLAR INC	CAT	$104.3M	97,969	0.32%	+0.07pp	17q	+111.7%+$55.1M
CAPITAL GRP FIXED INCM ETF T	CGSD	$103.2M	4,011,412	0.32%	-0.06pp	5q	+102.4%+$52.2M
WALMART INC	WMT	$102.3M	903,559	0.31%	-0.05pp	27q	+129.9%+$57.8M
TESLA INC PUT	TSLA	$102.3M	241,508	0.31%	+0.01pp	27q	+121.0%+$56.0M
DIMENSIONAL ETF TRUST	DFAC	$97.3M	2,194,080	0.30%	-0.03pp	21q	+95.3%+$47.5M
SCHWAB STRATEGIC TR	SCHD	$94.9M	2,992,186	0.29%	-0.06pp	22q	+94.9%+$46.2M
VANGUARD WHITEHALL FDS	VYM	$93.2M	589,936	0.28%	-0.04pp	17q	+102.8%+$47.3M
CAPITAL GROUP EQUITY ETF TR	CGMM	$92.8M	2,814,670	0.28%	-0.02pp	6q	+100.5%+$46.5M
BLACKROCK ETF TRUST	IALT	$92.2M	3,288,180	0.28%	-	new	NEW
APPLIED MATLS INC	AMAT	$91.4M	126,435	0.28%	+0.18pp	18q	+222.1%+$63.0M
PROCTER & GAMBLE CO	PG	$89.0M	606,700	0.27%	-0.03pp	31q	+113.1%+$47.2M
ISHARES TR	IEFA	$87.3M	903,727	0.27%	-0.10pp	28q	+66.9%+$35.0M
BLACKROCK ETF TRUST II	GGOV	$84.9M	1,688,970	0.26%	-	new	NEW
CAPITAL GROUP INTERNATIONAL	CGIC	$84.8M	2,330,824	0.26%	-0.02pp	4q	+106.0%+$43.6M
COSTCO WHOLESALE CORPORATION	COST	$84.0M	89,744	0.26%	-0.05pp	27q	+113.5%+$44.6M
ADVANCED MICRO DEVICES INC	AMD	$80.0M	137,700	0.24%	+0.14pp	21q	+107.7%+$41.5M
FIRST TR EXCH TRADED FD III	FTLS	$78.0M	1,056,670	0.24%	+0.02pp	5q	+151.9%+$47.0M
ISHARES TR	MUB	$77.4M	719,044	0.24%	+0.03pp	18q	+180.9%+$49.8M
SPDR SERIES TRUST	SPYM	$76.1M	865,640	0.23%	-0.01pp	17q	+99.9%+$38.0M
ISHARES TR	QUAL	$76.0M	346,346	0.23%	-0.48pp	28q	-31.0%-$34.1M
ISHARES TR	IJR	$74.1M	499,577	0.23%	-0.01pp	31q	+98.7%+$36.8M
SEI EXCHANGE TRADED FUNDS	SEIM	$73.3M	1,305,576	0.22%	+0.03pp	6q	+126.9%+$41.0M
HOME DEPOT INC	HD	$71.2M	201,804	0.22%	+0.02pp	31q	+148.2%+$42.5M
VANGUARD MUN BD FDS	VTEB	$70.2M	1,388,740	0.21%	+0.01pp	18q	+150.3%+$42.2M
ISHARES TR	SUB	$68.8M	646,120	0.21%	+0.02pp	15q	+167.5%+$43.1M
ISHARES GOLD TR	IAU	$67.7M	896,468	0.21%	-0.18pp	21q	+50.4%+$22.7M
VISA INC	V	$65.9M	192,094	0.20%	flat	30q	+110.0%+$34.5M
LAM RESEARCH CORP	LRCX	$65.2M	150,532	0.20%	+0.02pp	7q	+34.2%+$16.6M
ISHARES TR	IVW	$65.1M	473,346	0.20%	flat	27q	+96.9%+$32.0M
CISCO SYS INC	CSCO	$64.8M	551,901	0.20%	+0.06pp	31q	+130.3%+$36.7M
GE AEROSPACE	GE	$64.4M	172,307	0.20%	+0.02pp	18q	+103.5%+$32.8M
NEOS ETF TRUST	QQQI	$63.5M	1,117,888	0.19%	-0.01pp	4q	+101.9%+$32.0M
SCHWAB STRATEGIC TR	SCHA	$63.2M	1,749,906	0.19%	+0.04pp	6q	+150.6%+$38.0M
VANGUARD INDEX FDS	VBR	$61.8M	254,440	0.19%	-0.04pp	23q	+79.9%+$27.5M
CHEVRON CORPORATION	CVX	$61.4M	370,174	0.19%	-0.05pp	27q	+140.7%+$35.9M
SCHWAB STRATEGIC TR	SCHV	$61.3M	1,760,650	0.19%	flat	10q	+118.8%+$33.3M
PIMCO ETF TR	MINT	$61.0M	605,492	0.19%	+0.15pp	13q	+1053.4%+$55.7M
VANGUARD ADMIRAL FDS INC	VOOG	$61.0M	738,500	0.19%	flat	18q	+1075.6%+$55.8M
CAPITAL GRP FIXED INCM ETF T	CGUI	$59.9M	2,368,446	0.18%	-0.04pp	4q	+104.2%+$30.5M
VANECK ETF TRUST PUT	SMH	$58.8M	82,690	0.18%	+0.06pp	10q	+98.7%+$29.2M
COCA COLA CO	KO	$57.5M	707,328	0.18%	-0.02pp	28q	+104.7%+$29.4M
CAPITAL GROUP INTERNATIONAL	CGIE	$57.3M	1,556,586	0.17%	-0.02pp	4q	+101.9%+$28.9M
VANGUARD CHARLOTTE FDS	BNDX	$57.2M	1,181,248	0.17%	+0.02pp	18q	+164.6%+$35.6M
ISHARES TR	IWY	$56.4M	194,054	0.17%	-0.01pp	18q	+94.9%+$27.5M
ISHARES TR	IGEB	$56.0M	1,240,334	0.17%	-0.01pp	8q	+136.0%+$32.2M
FIRST TR EXCHNG TRADED FD VI	BUFR	$55.5M	1,519,510	0.17%	+0.12pp	12q	+716.7%+$48.7M
ABBVIE INC PUT	ABBV	$54.9M	217,305	0.17%	flat	27q	+107.1%+$28.4M
WISDOMTREE TR	USFR	$54.1M	1,075,228	0.17%	+0.02pp	18q	+182.3%+$35.0M
SELECT SECTOR SPDR TR	XLK	$54.1M	284,013	0.17%	+0.02pp	19q	+97.1%+$26.7M
MERCK & CO INC	MRK	$53.8M	418,574	0.16%	-0.01pp	28q	+112.6%+$28.5M
ARISTA NETWORKS INC	ANET	$53.8M	316,439	0.16%	+0.01pp	7q	+83.1%+$24.4M
SPDR SERIES TRUST	SPIB	$53.7M	1,605,970	0.16%	-0.02pp	17q	+113.8%+$28.6M
INTEL CORP	INTC	$53.6M	384,141	0.16%	+0.09pp	30q	+76.0%+$23.2M
VANGUARD INDEX FDS	VBK	$53.0M	144,829	0.16%	-0.02pp	18q	+81.7%+$23.8M
KLA CORP	KLAC	$52.7M	174,756	0.16%	+0.06pp	15q	+1882.0%+$50.1M
BANK FIRST CORP	BFC	$51.6M	348,092	0.16%	-0.02pp	13q	+97.0%+$25.4M
ALTRIA GROUP INC	MO	$50.1M	696,640	0.15%	-0.01pp	27q	+107.5%+$26.0M
ISHARES TR	TLT	$50.0M	579,086	0.15%	+0.06pp	17q	+300.5%+$37.6M
INVESCO EXCH TRADED FD TR II	RWL	$49.4M	386,992	0.15%	-0.01pp	16q	+105.0%+$25.3M
SPDR INDEX SHS FDS	SPDW	$48.8M	968,709	0.15%	-0.01pp	17q	+101.9%+$24.6M
AMERICAN CENTY ETF TR	AVUV	$48.8M	391,231	0.15%	+0.04pp	11q	+188.2%+$31.9M
INVESCO EXCHANGE TRADED FD T	RSP	$48.6M	228,586	0.15%	+0.02pp	22q	+161.9%+$30.1M
RTX CORPORATION	RTX	$47.0M	247,782	0.14%	-0.03pp	25q	+104.3%+$24.0M
PHILIP MORRIS INTL INC	PM	$46.7M	258,374	0.14%	-0.02pp	27q	+93.3%+$22.6M
ISHARES TR	ACWX	$45.9M	602,824	0.14%	-0.02pp	17q	+90.2%+$21.8M
ISHARES TR	IUSB	$45.4M	983,010	0.14%	flat	18q	+136.2%+$26.2M
GOLDMAN SACHS GROUP INC	GS	$44.7M	44,195	0.14%	flat	23q	+104.0%+$22.8M
BRISTOL-MYERS SQUIBB CO	BMY	$44.6M	774,377	0.14%	-0.03pp	27q	+110.1%+$23.4M
MORGAN STANLEY	MS	$44.5M	212,874	0.14%	+0.01pp	18q	+112.4%+$23.5M
TEXAS INSTRS INC	TXN	$44.3M	148,591	0.14%	+0.03pp	31q	+109.0%+$23.1M
ISHARES TR	EEM	$44.0M	643,222	0.13%	+0.02pp	27q	+136.0%+$25.4M
PROSHARES TR	OILK	$43.4M	914,246	0.13%	+0.12pp	2q	+2758.0%+$41.9M
ISHARES TR	IWF	$43.2M	348,107	0.13%	-0.03pp	23q	+578.3%+$36.9M
GE VERNOVA INC	GEV	$43.2M	36,772	0.13%	+0.02pp	10q	+112.6%+$22.9M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$42.5M	89,068	0.13%	+0.02pp	22q	+99.6%+$21.2M
ISHARES TR	IYW	$42.2M	167,288	0.13%	+0.01pp	15q	+97.7%+$20.8M
FIRST TR EXCHANGE-TRADED FD	RDVI	$42.0M	1,427,664	0.13%	-0.01pp	4q	+95.8%+$20.5M
CAPITAL GROUP NEW GEOGRAPHY	CGNG	$41.8M	1,114,536	0.13%	flat	6q	+110.4%+$21.9M
FASTENAL CO	FAST	$41.7M	869,052	0.13%	-0.07pp	16q	+54.3%+$14.7M
VANGUARD WORLD FD	VGT	$41.6M	347,981	0.13%	+0.01pp	31q	+1441.7%+$38.9M
SCHWAB STRATEGIC TR	SCHX	$41.5M	1,410,502	0.13%	-0.02pp	11q	+88.3%+$19.5M
ISHARES TR	IVE	$41.3M	181,902	0.13%	-0.03pp	17q	+79.4%+$18.3M
NEOS ETF TRUST	SPYI	$41.2M	775,778	0.13%	-0.01pp	4q	+103.4%+$20.9M
AMPLIFY ETF TR	QDVO	$41.2M	1,379,608	0.13%	-0.01pp	4q	+100.6%+$20.7M
NETFLIX INC CALL	NFLX	$40.5M	565,406	0.12%	-0.02pp	19q	+186.1%+$26.4M
SCHWAB STRATEGIC TR	SCHF	$39.6M	1,427,951	0.12%	+0.04pp	18q	+209.0%+$26.8M
ISHARES TR	LQD	$39.5M	362,370	0.12%	-0.01pp	18q	+117.0%+$21.3M
AMPLIFY ETF TR	DIVO	$39.5M	864,178	0.12%	-0.02pp	4q	+101.5%+$19.9M
SHOPIFY INC	SHOP	$39.0M	341,820	0.12%	+0.08pp	16q	+777.2%+$34.6M
TIDAL TRUST III	OMAH	$39.0M	2,115,006	0.12%	-0.02pp	4q	+105.4%+$20.0M
PNC FINL SVCS GROUP INC PUT	PNC	$38.9M	148,926	0.12%	+0.03pp	13q	+161.8%+$24.1M
SELECT SECTOR SPDR TR CALL	XLF	$38.4M	713,708	0.12%	-0.01pp	18q	+112.1%+$20.3M
SPDR INDEX SHS FDS	SPEM	$38.4M	741,687	0.12%	flat	19q	+127.4%+$21.5M
VANGUARD SPECIALIZED FUNDS	VIG	$38.4M	162,249	0.12%	-0.02pp	27q	+95.1%+$18.7M
PEPSICO INC	PEP	$37.5M	277,232	0.11%	-0.05pp	31q	+93.3%+$18.1M
SPDR SERIES TRUST	SPSM	$37.5M	650,779	0.11%	flat	24q	+99.4%+$18.7M
ISHARES TR	ILF	$37.3M	1,104,402	0.11%	flat	7q	+158.2%+$22.8M
ISHARES TR	OEF	$36.6M	100,070	0.11%	-0.01pp	16q	+90.3%+$17.4M
ISHARES TR	AGG	$35.9M	362,234	0.11%	-0.02pp	28q	+108.7%+$18.7M
DIMENSIONAL ETF TRUST	DFIV	$35.8M	662,192	0.11%	flat	5q	+128.9%+$20.1M
ISHARES TR	USMV	$35.4M	367,327	0.11%	-0.01pp	30q	+111.8%+$18.7M
FIDELITY COVINGTON TRUST	FMDE	$35.3M	870,538	0.11%	flat	3q	+122.6%+$19.5M
MASTERCARD INCORPORATED PUT	MA	$35.1M	67,919	0.11%	-0.02pp	31q	+95.8%+$17.2M
CHUBB LIMITED	CB	$35.0M	102,772	0.11%	-0.01pp	13q	+104.6%+$17.9M
ISHARES TR CALL	IWM	$34.9M	116,011	0.11%	-0.02pp	28q	+64.2%+$13.6M
BANK OF AMER CORP CALL	BAC	$34.6M	606,455	0.11%	flat	27q	+115.0%+$18.5M
WESTERN DIGITAL CORP	WDC	$33.9M	53,112	0.10%	+0.05pp	5q	+89.5%+$16.0M
ORACLE CORP PUT	ORCL	$33.8M	227,325	0.10%	+0.01pp	20q	+173.0%+$21.4M
VANGUARD ADMIRAL FDS INC	VOOV	$33.7M	153,924	0.10%	-0.01pp	18q	+99.8%+$16.9M
CUMMINS INC	CMI	$33.7M	47,295	0.10%	+0.01pp	15q	+104.7%+$17.3M
DELL TECHNOLOGIES INC	DELL	$33.7M	78,122	0.10%	+0.08pp	7q	+389.8%+$26.8M
ISHARES TR	ITOT	$33.3M	202,592	0.10%	-0.01pp	17q	+100.1%+$16.6M
FIDELITY COVINGTON TRUST	FVAL	$32.9M	422,440	0.10%	-0.02pp	4q	+86.3%+$15.3M
EATON CORP PLC PUT	ETN	$32.5M	74,160	0.10%	flat	22q	+102.2%+$16.4M
INVESCO EXCH TRADED FD TR II	QQQM	$32.3M	106,734	0.10%	+0.01pp	18q	+122.1%+$17.8M
INVESCO EXCH TRD SLF IDX FD	IUS	$32.3M	492,974	0.10%	-0.01pp	16q	+101.3%+$16.3M
ISHARES TR	VLUE	$32.2M	161,306	0.10%	+0.09pp	18q	+1294.7%+$29.9M
MCKESSON CORP	MCK	$32.0M	42,355	0.10%	-0.04pp	23q	+92.5%+$15.4M
AMERICAN EXPRESS CO	AXP	$32.0M	94,570	0.10%	-0.01pp	27q	+101.5%+$16.1M
ISHARES TR	IBTH	$31.9M	1,424,770	0.10%	-0.10pp	5q	+20.0%+$5.3M
TECHNIPFMC PLC	FTI	$31.8M	479,418	0.10%	+0.05pp	7q	+462.6%+$26.1M
PALANTIR TECHNOLOGIES INC CALL	PLTR	$31.8M	272,029	0.10%	-0.08pp	18q	+64.1%+$12.4M
FORTINET INC	FTNT	$31.7M	206,164	0.10%	flat	18q	+24.6%+$6.2M
EXPEDIA GROUP INC	EXPE	$31.5M	123,002	0.10%	+0.01pp	7q	+139.0%+$18.3M
BERKSHIRE HATHAWAY INC DEL	BRKA	$31.5M	42	0.10%	-0.02pp	14q	+100.0%+$15.7M
J P MORGAN EXCHANGE TRADED F	JPIE	$31.3M	679,984	0.10%	-0.02pp	3q	+108.6%+$16.3M
PACER FDS TR	PTLC	$31.1M	534,524	0.10%	-0.08pp	22q	+16.7%+$4.4M
INTERNATIONAL BUSINESS MACHS	IBM	$31.0M	110,341	0.09%	flat	31q	+113.2%+$16.5M
PUTNAM ETF TRUST	PVAL	$31.0M	608,938	0.09%	+0.02pp	6q	+183.2%+$20.1M
LITMAN GREGORY FDS TR	DBMF	$30.9M	1,009,386	0.09%	flat	5q	+151.0%+$18.6M
FIRST TR EXCHANGE-TRADED FD	RDVY	$30.5M	376,101	0.09%	-0.01pp	19q	+77.0%+$13.3M
ISHARES TR	FLOT	$30.3M	593,292	0.09%	-0.02pp	10q	+108.9%+$15.8M
SELECT SECTOR SPDR TR	XLE	$30.3M	569,922	0.09%	-0.04pp	18q	+102.6%+$15.3M
CITIGROUP INC	C	$30.2M	215,769	0.09%	+0.01pp	13q	+114.1%+$16.1M
LAMAR ADVERTISING CO	LAMR	$30.1M	193,004	0.09%	+0.09pp	6q	+2586.2%+$29.0M
SELECT SECTOR SPDR TR	XLY	$30.1M	256,642	0.09%	+0.02pp	18q	+185.6%+$19.6M
CORNING INC	GLW	$29.8M	116,802	0.09%	+0.04pp	10q	+145.6%+$17.7M
SPDR GOLD TR PUT	GLD	$29.5M	75,133	0.09%	-0.03pp	25q	+98.2%+$14.6M
ISHARES TR	IWC	$29.3M	146,524	0.09%	+0.04pp	2q	+240.2%+$20.7M
VANGUARD WHITEHALL FDS	VWOB	$29.0M	431,798	0.09%	flat	6q	+135.1%+$16.7M
ISHARES TR	IDEV	$29.0M	325,340	0.09%	+0.01pp	6q	+150.9%+$17.4M
ETFS GOLD TR	SGOL	$28.2M	737,936	0.09%	-0.03pp	10q	+104.0%+$14.4M
VANGUARD MUN BD FDS	VTEI	$28.2M	279,168	0.09%	+0.02pp	3q	+218.2%+$19.3M
TJX COS INC NEW	TJX	$28.0M	184,503	0.09%	-0.02pp	27q	+108.7%+$14.6M
PALO ALTO NETWORKS INC	PANW	$27.3M	80,196	0.08%	+0.04pp	14q	+113.4%+$14.5M
GENERAL DYNAMICS CORP	GD	$27.1M	76,568	0.08%	-0.03pp	31q	+80.5%+$12.1M
ANALOG DEVICES INC	ADI	$27.1M	68,262	0.08%	+0.01pp	15q	+110.6%+$14.2M
SCHWAB STRATEGIC TR	FNDX	$26.9M	865,386	0.08%	-0.07pp	7q	+15.4%+$3.6M
COMFORT SYS USA INC	FIX	$26.7M	13,494	0.08%	+0.01pp	7q	+97.9%+$13.2M
UNITEDHEALTH GROUP INC	UNH	$26.2M	63,102	0.08%	+0.03pp	27q	+144.9%+$15.5M
ISHARES TR	EFAV	$26.1M	297,904	0.08%	-0.01pp	31q	+130.2%+$14.8M
INVESCO EXCHANGE TRADED FD T	XMHQ	$25.9M	229,762	0.08%	-0.01pp	11q	+104.8%+$13.3M
UNION PAC CORP	UNP	$25.9M	95,273	0.08%	-0.01pp	27q	+84.4%+$11.9M
VANGUARD INTL EQUITY INDEX F	VWO	$25.7M	430,851	0.08%	-0.01pp	27q	+95.0%+$12.5M
ISHARES TR	IBTJ	$25.5M	1,176,520	0.08%	+0.07pp	5q	+6410.2%+$25.1M
AT&T INC	T	$25.1M	1,210,929	0.08%	-0.04pp	31q	+121.4%+$13.7M
FIRST TR EXCHANGE TRADED FD	CIBR	$24.9M	277,340	0.08%	+0.01pp	13q	+104.3%+$12.7M
BLACKROCK INC	BLK	$24.7M	25,710	0.08%	-0.04pp	7q	+61.6%+$9.4M
BANK OF NY MELLON CORP	BNY	$24.7M	170,940	0.08%	flat	11q	+107.1%+$12.8M
ISHARES TR	ICSH	$24.7M	488,068	0.08%	-0.01pp	19q	+105.1%+$12.7M
LINDE PLC	LIN	$24.4M	47,106	0.07%	+0.01pp	14q	+151.0%+$14.7M
MCDONALDS CORP	MCD	$24.4M	90,421	0.07%	-0.04pp	31q	+76.4%+$10.6M
VERTIV HOLDINGS CO	VRT	$24.2M	72,220	0.07%	+0.03pp	7q	+211.0%+$16.4M
CAPITAL GROUP CORE BALANCED	CGBL	$24.2M	636,318	0.07%	flat	6q	+119.1%+$13.1M
FIRST TR EXCHANGE TRADED FD	AIRR	$24.0M	179,872	0.07%	+0.01pp	6q	+122.8%+$13.2M
SPDR SERIES TRUST	XAR	$23.8M	83,776	0.07%	-0.01pp	7q	+95.1%+$11.6M
ISHARES TR	IWB	$23.6M	57,658	0.07%	flat	24q	+100.0%+$11.8M
FIRST TR EXCHANGE-TRADED FD	FVD	$23.6M	490,032	0.07%	-0.02pp	17q	+80.6%+$10.5M
VANGUARD MALVERN FDS	VTIP	$23.4M	466,184	0.07%	+0.01pp	7q	+160.9%+$14.4M
SEI EXCHANGE TRADED FUNDS	SEIV	$23.4M	487,596	0.07%	+0.02pp	6q	+176.3%+$14.9M
BLACKROCK ETF TRUST II	INMU	$23.3M	962,470	0.07%	+0.03pp	3q	+280.5%+$17.2M
AMGEN INC CALL	AMGN	$22.9M	62,302	0.07%	flat	27q	+122.8%+$12.6M
SSGA ACTIVE ETF TR	SRLN	$22.7M	564,466	0.07%	+0.01pp	17q	+175.2%+$14.5M
BOEING CO	BA	$22.7M	104,834	0.07%	flat	31q	+137.9%+$13.2M
WELLS FARGO & CO	WFC	$22.6M	274,060	0.07%	-0.03pp	18q	+62.4%+$8.7M
SYNOPSYS INC	SNPS	$22.5M	50,494	0.07%	flat	15q	+131.0%+$12.8M
SPDR SERIES TRUST	MDYG	$22.5M	200,312	0.07%	flat	16q	+107.8%+$11.7M
ROYAL BK CDA	RY	$22.4M	108,185	0.07%	flat	31q	+98.4%+$11.1M
THERMO FISHER SCIENTIFIC INC	TMO	$22.1M	43,995	0.07%	+0.01pp	24q	+195.8%+$14.6M
ILLINOIS TOOL WKS INC	ITW	$22.0M	81,450	0.07%	-0.01pp	16q	+108.8%+$11.5M
SOUTHERN CO	SO	$21.9M	228,592	0.07%	-0.01pp	31q	+122.1%+$12.0M
VANGUARD INDEX FDS	VV	$21.8M	63,432	0.07%	flat	31q	+109.8%+$11.4M
SPDR SERIES TRUST	SPYV	$21.8M	358,802	0.07%	-0.02pp	19q	+80.0%+$9.7M
DBX ETF TR	DBEF	$21.7M	397,358	0.07%	-0.04pp	29q	+43.7%+$6.6M
ISHARES TR	IJS	$21.5M	157,338	0.07%	-0.02pp	2q	+63.6%+$8.4M
AMERICAN ELEC PWR CO INC	AEP	$21.3M	155,688	0.07%	-0.01pp	15q	+101.3%+$10.7M
NORTHROP GRUMMAN CORP	NOC	$21.2M	41,621	0.06%	flat	31q	+207.5%+$14.3M
SEAGATE TECHNOLOGY HLDNGS PL	STX	$20.9M	21,631	0.06%	+0.04pp	6q	+224.2%+$14.4M
VODAFONE GROUP PLC	VOD	$20.9M	1,577,154	0.06%	+0.06pp	2q	+14106.0%+$20.7M
ISHARES TR	ITA	$20.8M	85,984	0.06%	-0.01pp	18q	+99.2%+$10.4M
NEXTERA ENERGY INC	NEE	$20.7M	235,898	0.06%	flat	28q	+163.3%+$12.8M
ISHARES BITCOIN TRUST ETF CALL	IBIT	$20.6M	586,056	0.06%	+0.01pp	7q	+213.5%+$14.0M
AMPHENOL CORP	APH	$20.5M	116,402	0.06%	+0.01pp	12q	+90.7%+$9.8M
INVESCO EXCH TRADED FD TR II	XMLV	$20.2M	304,120	0.06%	-0.01pp	8q	+110.4%+$10.6M
VANECK ETF TRUST	HAP	$20.2M	293,710	0.06%	-	new	NEW
ISHARES TR	SOXX	$20.1M	31,392	0.06%	+0.03pp	10q	+117.3%+$10.9M
BLACKROCK MUN TARGET TERM TR	BTT	$20.1M	882,056	0.06%	-0.01pp	15q	+99.3%+$10.0M
S&P GLOBAL INC	SPGI	$20.0M	49,023	0.06%	-0.04pp	17q	+55.7%+$7.1M
JOHNSON CONTROLS INTERNATION	JCI	$19.8M	135,679	0.06%	flat	10q	+117.4%+$10.7M
VANGUARD STAR FDS	VXUS	$19.7M	230,759	0.06%	flat	21q	+127.9%+$11.1M
VANGUARD WORLD FD	VHT	$19.7M	65,968	0.06%	-0.01pp	19q	+100.1%+$9.9M
SPDR SERIES TRUST	SJNK	$19.3M	772,720	0.06%	-0.01pp	15q	+103.1%+$9.8M
STARBUCKS CORP	SBUX	$19.2M	187,735	0.06%	flat	25q	+120.0%+$10.5M
CAPITAL GRP FIXED INCM ETF T	CGIB	$19.1M	747,362	0.06%	-0.01pp	4q	+104.4%+$9.7M
NVR INC	NVR	$19.0M	2,794	0.06%	+0.06pp	4q	+7451.4%+$18.8M
LOWES COS INC	LOW	$19.0M	86,094	0.06%	-0.02pp	27q	+87.3%+$8.8M
ISHARES TR	IJH	$19.0M	246,028	0.06%	-0.01pp	27q	+94.0%+$9.2M
PROLOGIS INC.	PLD	$19.0M	139,930	0.06%	+0.02pp	15q	+317.2%+$14.4M
LOCKHEED MARTIN CORP	LMT	$18.8M	36,876	0.06%	-0.04pp	29q	+69.9%+$7.7M
INVESCO EXCHANGE TRADED FD T	SPHQ	$18.7M	207,806	0.06%	flat	18q	+98.6%+$9.3M
AUTOMATIC DATA PROCESSING IN	ADP	$18.6M	83,028	0.06%	flat	27q	+129.3%+$10.5M
ISHARES TR	IBDS	$18.5M	762,582	0.06%	-0.01pp	5q	DEBT
ISHARES TR	SHYG	$18.3M	430,908	0.06%	-0.01pp	15q	+111.1%+$9.6M
WEC ENERGY GROUP INC	WEC	$18.3M	156,365	0.06%	-0.01pp	16q	+106.9%+$9.4M
AMERICAN CENTY ETF TR	AVEM	$18.2M	188,770	0.06%	flat	11q	+104.9%+$9.3M
ISHARES TR	SYSB	$18.0M	202,620	0.05%	flat	3q	+154.3%+$10.9M
SPDR SERIES TRUST	SPHY	$17.9M	761,818	0.05%	flat	6q	+128.3%+$10.0M
VANGUARD INTL EQUITY INDEX F	VT	$17.8M	113,604	0.05%	flat	21q	+101.1%+$9.0M
VANGUARD BD INDEX FDS	BIV	$17.8M	232,434	0.05%	-0.01pp	17q	+113.6%+$9.5M
DUKE ENERGY CORP NEW	DUK	$17.8M	140,774	0.05%	flat	31q	+131.4%+$10.1M
FIRST TR EXCHANGE-TRADED FD	FTCS	$17.8M	189,672	0.05%	-0.02pp	3q	+73.0%+$7.5M
J P MORGAN EXCHANGE TRADED F	JEPI	$17.8M	315,336	0.05%	-0.02pp	12q	+78.1%+$7.8M
VERIZON COMMUNICATIONS INC	VZ	$17.8M	420,581	0.05%	-0.02pp	31q	+112.7%+$9.4M
CONOCOPHILLIPS	COP	$17.8M	171,138	0.05%	-0.03pp	17q	+107.5%+$9.2M
SELECT SECTOR SPDR TR	XLI	$17.7M	95,790	0.05%	flat	18q	+97.7%+$8.8M
GENERAL MTRS CO	GM	$17.6M	228,745	0.05%	-0.01pp	13q	+101.7%+$8.9M
ASML HLDG NV	ASML	$17.3M	8,679	0.05%	+0.01pp	17q	+101.1%+$8.7M
T-MOBILE US INC	TMUS	$17.2M	102,697	0.05%	-0.01pp	15q	+143.9%+$10.2M
AMERICAN HEALTHCARE REIT INC	AHR	$17.2M	329,729	0.05%	-0.01pp	8q	+96.3%+$8.4M
INVESCO EXCH TRADED FD TR II	SPMO	$17.2M	106,204	0.05%	+0.01pp	7q	+114.8%+$9.2M
VANGUARD WHITEHALL FDS	VYMI	$17.1M	174,080	0.05%	-0.01pp	10q	+86.6%+$7.9M
ISHARES TR	USIG	$17.1M	332,596	0.05%	-0.08pp	16q	-6.7%-$1.2M
DEERE & CO	DE	$17.0M	26,787	0.05%	-0.01pp	17q	+92.1%+$8.1M
ISHARES TR	ESGU	$16.9M	103,442	0.05%	flat	24q	+108.9%+$8.8M
CENTENE CORP DEL	CNC	$16.9M	263,512	0.05%	+0.02pp	7q	+79.9%+$7.5M
DIMENSIONAL ETF TRUST	DFIC	$16.9M	452,864	0.05%	-0.01pp	7q	+96.7%+$8.3M
STATE STR SPDR DOW JONES IND	DIA	$16.7M	32,005	0.05%	-0.01pp	18q	+70.5%+$6.9M
VANECK ETF TRUST	HYD	$16.7M	324,200	0.05%	flat	6q	+117.0%+$9.0M
ISHARES TR	IBDT	$16.5M	655,222	0.05%	flat	5q	+128.4%+$9.3M
BLACKROCK ETF TRUST II	HIMU	$16.5M	331,420	0.05%	+0.01pp	3q	+194.1%+$10.9M
BNY MELLON ETF TRUST II	BKDV	$16.4M	489,934	0.05%	flat	6q	+100.7%+$8.2M
STRYKER CORPORATION	SYK	$16.3M	51,715	0.05%	-0.01pp	17q	+100.9%+$8.2M
AMERICAN CENTY ETF TR	AVDV	$16.2M	157,310	0.05%	-0.01pp	9q	+93.1%+$7.8M
FIDELITY COVINGTON TRUST	FDVV	$16.2M	267,920	0.05%	flat	6q	+140.2%+$9.4M
MARVELL TECHNOLOGY INC	MRVL	$16.1M	54,158	0.05%	+0.03pp	10q	+145.8%+$9.6M
QUALCOMM INC	QCOM	$16.1M	87,276	0.05%	-0.05pp	24q	-17.7%-$3.5M
ISHARES TR	ILCB	$16.1M	155,132	0.05%	flat	22q	+112.1%+$8.5M
SANDISK CORP	SNDK	$16.0M	7,045	0.05%	+0.03pp	4q	+62.1%+$6.1M
WELLTOWER INC	WELL	$15.8M	69,489	0.05%	flat	13q	+106.1%+$8.1M
ISHARES TR	IBDR	$15.7M	647,358	0.05%	-0.01pp	5q	DEBT
VANGUARD WORLD FD	VOX	$15.7M	85,150	0.05%	flat	10q	+146.0%+$9.3M
DIMENSIONAL ETF TRUST	DFUV	$15.6M	283,998	0.05%	+0.01pp	17q	+141.3%+$9.1M
SEI EXCHANGE TRADED FUNDS	SEIQ	$15.6M	395,176	0.05%	+0.01pp	6q	+169.9%+$9.8M
J P MORGAN EXCHANGE TRADED F	HOLA	$15.5M	280,028	0.05%	-0.01pp	4q	+78.9%+$6.8M
NICOLET BANKSHARES INC	NIC	$15.5M	93,714	0.05%	flat	13q	+99.3%+$7.7M
DELTA AIR LINES INC	DAL	$15.5M	165,079	0.05%	+0.01pp	16q	+97.8%+$7.6M
ISHARES TR	IWL	$15.4M	83,398	0.05%	flat	7q	+102.2%+$7.8M
PACER FDS TR	COWZ	$15.4M	247,489	0.05%	-0.03pp	17q	+59.1%+$5.7M
EDISON INTL	EIX	$15.3M	205,277	0.05%	-0.01pp	6q	+105.4%+$7.8M
AFLAC INC	AFL	$15.2M	129,603	0.05%	-0.01pp	17q	+102.2%+$7.7M
CAPITAL GRP FIXED INCM ETF T	CGMS	$15.2M	555,354	0.05%	flat	6q	+129.1%+$8.6M
VANGUARD INDEX FDS	VOE	$15.1M	76,386	0.05%	-0.01pp	27q	+97.7%+$7.5M
ARES CAPITAL CORP	ARCC	$15.1M	813,752	0.05%	-0.01pp	15q	+104.3%+$7.7M
ABRDN SILVER ETF TRUST	SIVR	$15.1M	267,988	0.05%	-0.03pp	10q	+86.9%+$7.0M
SCHWAB STRATEGIC TR	SCHM	$15.0M	406,192	0.05%	flat	6q	+98.3%+$7.4M
VANECK ETF TRUST	GDX	$14.9M	198,082	0.05%	+0.04pp	8q	+3033.7%+$14.5M
INVESCO EXCH TRADED FD TR II	BKLN	$14.9M	729,141	0.05%	+0.01pp	18q	+253.3%+$10.6M
SELECT SECTOR SPDR TR	XLB	$14.8M	291,852	0.05%	-0.01pp	17q	+98.0%+$7.3M
INVESCO EXCHANGE TRADED FD T	EQWL	$14.6M	113,034	0.04%	flat	11q	+110.5%+$7.7M
CAPITAL GROUP DIVIDEND GROWE	CGDG	$14.5M	387,440	0.04%	-0.01pp	6q	+91.8%+$7.0M
GILEAD SCIENCES INC	GILD	$14.5M	114,980	0.04%	-0.02pp	17q	+88.8%+$6.8M
VANGUARD SCOTTSDALE FDS	VONG	$14.5M	113,651	0.04%	-0.06pp	6q	-7.2%-$1.1M
CAPITAL ONE FINL CORP	COF	$14.5M	72,268	0.04%	+0.01pp	13q	+165.7%+$9.0M
VANGUARD INDEX FDS	VXF	$14.4M	58,444	0.04%	flat	31q	+93.3%+$6.9M
PHILLIPS 66	PSX	$14.2M	84,158	0.04%	flat	13q	+135.4%+$8.2M
ISHARES TR	IWP	$14.2M	96,858	0.04%	+0.01pp	9q	+201.8%+$9.5M
SPDR SERIES TRUST	HYMB	$14.1M	556,090	0.04%	flat	6q	+126.7%+$7.9M
ABBOTT LABORATORIES	ABT	$14.1M	155,671	0.04%	-0.01pp	27q	+144.0%+$8.3M
OREILLY AUTOMOTIVE INC	ORLY	$13.9M	150,572	0.04%	+0.01pp	12q	+270.5%+$10.1M
VANGUARD SCOTTSDALE FDS	VCIT	$13.8M	166,916	0.04%	flat	18q	+150.4%+$8.3M
BLACKSTONE INC PUT	BX	$13.8M	113,000	0.04%	-0.01pp	18q	+101.7%+$6.9M
J P MORGAN EXCHANGE TRADED F	JMUB	$13.8M	271,582	0.04%	-0.01pp	5q	+100.8%+$6.9M
QUANTA SVCS INC	PWR	$13.7M	19,064	0.04%	+0.03pp	7q	+478.4%+$11.4M
WILLIAMS COS INC	WMB	$13.6M	183,356	0.04%	-0.01pp	22q	+100.9%+$6.8M
TRAVELERS COMPANIES INC	TRV	$13.5M	40,948	0.04%	flat	30q	+113.0%+$7.2M
FREEPORT-MCMORAN INC	FCX	$13.4M	212,942	0.04%	flat	15q	+125.9%+$7.5M
CVS HEALTH CORP	CVS	$13.4M	129,058	0.04%	+0.01pp	31q	+108.2%+$6.9M
FEDEX CORP	FDX	$13.3M	42,522	0.04%	-0.01pp	17q	+108.1%+$6.9M
ISHARES TR	ILCG	$13.3M	113,326	0.04%	flat	16q	+109.0%+$6.9M
DIMENSIONAL ETF TRUST	DISV	$13.3M	330,264	0.04%	flat	2q	+146.9%+$7.9M
VEEVA SYS INC	VEEV	$13.3M	74,665	0.04%	-0.02pp	16q	+57.5%+$4.8M
ALLIANT ENERGY CORP	LNT	$13.2M	173,469	0.04%	flat	8q	+136.5%+$7.6M
SEI EXCHANGE TRADED FUNDS	QALT	$13.2M	496,526	0.04%	-0.01pp	4q	+104.0%+$6.7M
PFIZER INC CALL	PFE	$13.2M	544,206	0.04%	-0.01pp	27q	+116.4%+$7.1M
VANGUARD BD INDEX FDS	BSV	$13.1M	168,350	0.04%	-0.01pp	22q	+80.8%+$5.9M
VALERO ENERGY CORP	VLO	$13.1M	50,127	0.04%	flat	31q	+152.3%+$7.9M
STATE STR SPDR S&P MIDCAP 40	MDY	$13.1M	18,555	0.04%	-0.01pp	27q	+81.5%+$5.9M
VANGUARD INDEX FDS	VOT	$13.0M	42,600	0.04%	flat	18q	+96.7%+$6.4M
SCHWAB CHARLES CORP	SCHW	$13.0M	140,503	0.04%	-0.01pp	17q	+91.7%+$6.2M
CADENCE DESIGN SYSTEM INC	CDNS	$12.9M	34,472	0.04%	+0.02pp	7q	+191.1%+$8.5M
FIDELITY COVINGTON TRUST	FESM	$12.9M	267,672	0.04%	+0.03pp	4q	+575.9%+$11.0M
PG&E CORP	PCG	$12.9M	767,701	0.04%	-0.01pp	7q	+95.5%+$6.3M
SPDR SERIES TRUST	FLRN	$12.9M	417,850	0.04%	-0.01pp	16q	+110.2%+$6.8M
DIMENSIONAL ETF TRUST	DIHP	$12.9M	377,072	0.04%	flat	2q	+146.4%+$7.6M
DISNEY WALT CO	DIS	$12.8M	133,011	0.04%	-0.01pp	30q	+92.9%+$6.2M
J P MORGAN EXCHANGE TRADED F	JQUA	$12.7M	175,098	0.04%	-0.02pp	10q	+36.1%+$3.4M
SPDR SERIES TRUST	SDY	$12.7M	83,140	0.04%	-0.01pp	27q	+82.5%+$5.7M
HONEYWELL INTL INC	HON	$12.6M	56,319	0.04%	-	new	NEW
AXON ENTERPRISE INC	AXON	$12.6M	22,467	0.04%	flat	14q	+99.5%+$6.3M
ATMOS ENERGY CORP	ATO	$12.6M	72,867	0.04%	-0.01pp	15q	+117.5%+$6.8M
SELECT SECTOR SPDR TR	XLC	$12.5M	116,524	0.04%	-0.03pp	18q	+50.2%+$4.2M
BOSTON SCIENTIFIC CORP	BSX	$12.2M	285,864	0.04%	-0.03pp	16q	+93.5%+$5.9M
WISDOMTREE TR	DGRW	$12.2M	127,523	0.04%	-0.02pp	28q	+43.1%+$3.7M
J P MORGAN EXCHANGE TRADED F	JPST	$12.1M	240,190	0.04%	-0.05pp	7q	+7.0%+$792.8K
VERTEX PHARMACEUTICALS INC	VRTX	$12.1M	24,436	0.04%	flat	14q	+136.4%+$7.0M
ISHARES TR	IBDU	$12.1M	523,314	0.04%	flat	5q	+152.0%+$7.3M
VANGUARD WORLD FD	VFH	$12.1M	92,032	0.04%	flat	10q	+99.6%+$6.0M
VANGUARD INDEX FDS	VNQ	$12.0M	124,805	0.04%	-0.01pp	28q	+90.8%+$5.7M
ISHARES TR	IWD	$12.0M	49,563	0.04%	flat	17q	+99.1%+$6.0M
ADOBE INC	ADBE	$11.9M	58,274	0.04%	-0.03pp	27q	+64.1%+$4.7M
HONEYWELL AEROSPACE INC	HONA	$11.9M	53,863	0.04%	-	new	NEW
SELECT SECTOR SPDR TR	XLV	$11.8M	74,579	0.04%	-0.02pp	22q	+53.8%+$4.1M
CROWDSTRIKE HLDGS INC	CRWD	$11.8M	15,506	0.04%	+0.02pp	11q	+140.0%+$6.9M
DOMINION ENERGY INC	D	$11.7M	170,662	0.04%	+0.02pp	18q	+397.1%+$9.3M
NEWMONT CORP	NEM	$11.6M	124,527	0.04%	-0.02pp	7q	+94.4%+$5.6M
ALLSTATE CORP	ALL	$11.6M	48,836	0.04%	flat	11q	+126.8%+$6.5M
TERADYNE INC	TER	$11.6M	23,971	0.04%	+0.01pp	6q	+131.2%+$6.6M
VIKING HOLDINGS LTD	VIK	$11.6M	110,798	0.04%	+0.01pp	9q	+115.7%+$6.2M
ISHARES INC	EMXC	$11.6M	113,308	0.04%	flat	11q	+84.9%+$5.3M
VANGUARD SCOTTSDALE FDS	VGIT	$11.6M	196,016	0.04%	flat	18q	+174.7%+$7.4M
ISHARES U S ETF TR	MEAR	$11.5M	227,666	0.04%	-0.01pp	6q	+109.2%+$6.0M
INCYTE CORP	INCY	$11.5M	101,121	0.03%	flat	7q	+104.4%+$5.9M
BLACKROCK ETF TRUST	BLCR	$11.4M	225,398	0.03%	+0.01pp	2q	+140.4%+$6.6M
SPROUTS FMRS MKT INC	SFM	$11.3M	133,646	0.03%	flat	18q	+99.0%+$5.6M
SHERWIN WILLIAMS CO	SHW	$11.2M	32,553	0.03%	-0.01pp	10q	+97.7%+$5.5M
HOWMET AEROSPACE INC	HWM	$11.1M	41,232	0.03%	flat	7q	+98.8%+$5.5M
ROSS STORES INC	ROST	$11.1M	51,969	0.03%	flat	12q	+151.2%+$6.7M
SPDR SERIES TRUST	SPTS	$11.0M	379,082	0.03%	-0.02pp	16q	+61.8%+$4.2M
ISHARES TR	DGRO	$11.0M	144,728	0.03%	-0.01pp	27q	+72.0%+$4.6M
HUNT J B TRANS SVCS INC	JBHT	$11.0M	37,867	0.03%	+0.01pp	7q	+114.3%+$5.8M

Showing the largest 400 of 2,318 positions.

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	$1.6B	5.0%
Software & IT Services	$1.3B	4.1%
Funds & ETFs	$1.1B	3.4%
Computer Hardware	$1.1B	3.2%
Retail & Consumer	$877.6M	2.7%
Banks & Lending	$634.5M	1.9%
Biotech & Pharma	$613.6M	1.9%
Other sectors	$4.5B	13.6%
Not classified	$21.0B	64.2%

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
Q2 2026	+11.7%	+14.8%	-3.1%	100%
Q1 2026	-2.3%	-4.6%	+2.3%	100%
Q4 2025	+1.7%	+2.4%	-0.6%	100%
Q3 2025	+6.0%	+7.8%	-1.8%	100%
Q2 2025	+8.3%	+10.5%	-2.2%	100%
Q1 2025	-2.2%	-4.6%	+2.3%	100%
Q4 2024	-0.1%	+2.1%	-2.3%	100%
Q3 2024	+5.6%	+5.4%	+0.2%	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
Q2 2026	$32.8B	2,318	317	1,936	62	110	20.3%	17
Q1 2026	$13.5B	2,111	267	1,145	584	99	18.5%	15
Q4 2025	$12.5B	1,943	247	1,075	516	88	19.9%	26
Q3 2025	$10.9B	1,784	175	884	589	85	20.4%	38
Q2 2025	$9.0B	1,694	359	922	364	61	22.1%	22
Q1 2025	$6.7B	1,396	303	792	236	54	22.6%	9
Q4 2024	$5.6B	1,147	372	569	156	51	25.7%	15
Q3 2024	$4.5B	826	68	205	489	155	33.0%	17
Q2 2024	$4.5B	913	84	373	314	33	34.3%	44
Q1 2024	$4.2B	862	160	456	191	71	35.5%	36
Q4 2023	$3.3B	773	105	273	339	69	41.9%	37
Q3 2023	$3.1B	737	50	329	273	56	41.8%	38
Q2 2023	$3.1B	743	144	356	174	32	41.6%	32
Q1 2023	$2.8B	631	52	235	259	116	44.4%	24
Q4 2022	$2.8B	695	150	315	135	31	46.0%	13
Q3 2022	$2.3B	576	79	154	263	81	50.0%	31
Q2 2022	$3.2B	578	221	269	52	23	48.1%	39
Q1 2022	$1.7B	380	123	159	56	18	57.4%	43
Q4 2021	$1.0B	275	29	73	89	18	66.6%	45
Q3 2021	$955.4M	264	13	107	55	12	67.0%	27
Q2 2021	$1.1B	263	34	110	66	5	70.1%	47
Q1 2021	$955.9M	234	32	112	49	10	71.1%	48
Q4 2020	$1.0B	212	19	67	95	29	77.4%	43
Q3 2020	$1.1B	222	23	101	68	17	78.9%	41
Q2 2020	$1.0B	216	29	76	73	33	78.9%	44
Q1 2020	$894.9M	220	20	110	66	31	77.7%	35
Q4 2019	$1.1B	231	114	97	12	21	78.7%	16
Q3 2019	$914.6M	138	40	67	18	14	86.7%	56
Q2 2019	$852.6M	112	11	65	26	15	91.5%	44
Q1 2019	$819.8M	116	28	58	22	22	90.1%	46
Q4 2018	$664.8M	110	0	0	0	0	90.0%	46

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.