CPC Advisors, LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| T ROWE PRICE EXCHANGE-TRADED | TCAF | $74.6M | 1,815,841 | -0.45pp | 10q | HELD | |
| AMERICAN CENTY ETF TR | AVUS | $63.1M | 492,914 | -0.34pp | 4q | HELD | |
| AMPLIFY ETF TR | DIVO | $58.1M | 1,270,411 | -1.08pp | 17q | +3.7%+$2.1M | |
| AMPLIFY ETF TR | IDVO | $52.8M | 1,256,789 | +7.05pp | 4q | +12579.5%+$52.4M | |
| HARTFORD FDS EXCHANGE TRADED | HTAB | $41.2M | 2,149,572 | -0.66pp | 8q | +6.4%+$2.5M | |
| CAPITAL GROUP INTL FOCUS EQT | CGXU | $36.2M | 1,046,835 | -1.34pp | 16q | -19.6%-$8.8M | |
| UNIFIED SER TR | MGMT | $34.9M | 685,108 | -0.23pp | 12q | +1.5%+$531.0K | |
| PIMCO ETF TR | ZROZ | $26.7M | 417,268 | -0.79pp | 7q | -1.6%-$430.4K | |
| SCHWAB STRATEGIC TR | FNDX | $25.8M | 828,961 | -0.30pp | 27q | -1.0%-$261.6K | |
| WISDOMTREE TR | EZM | $20.3M | 267,688 | -0.12pp | 27q | +2.1%+$407.6K | |
| ISHARES TR | MTUM | $20.2M | 58,859 | +0.45pp | 27q | +1.0%+$202.6K | |
| INVESCO EXCH TRADED FD TR II | RWJ | $19.2M | 322,099 | -0.03pp | 21q | +0.9%+$173.8K | |
| APPLE INC | AAPL | $10.7M | 37,014 | -0.14pp | 27q | -4.1%-$459.2K | |
| COMFORT SYS USA INC | FIX | $10.6M | 5,341 | +0.27pp | 10q | +3.4%+$344.9K | |
| CISCO SYS INC | CSCO | $7.5M | 64,077 | +0.23pp | 4q | +2.3%+$166.2K | |
| AMPHENOL CORP | APH | $7.0M | 39,527 | +0.18pp | 8q | +6.0%+$395.5K | |
| CASEYS GEN STORES INC | CASY | $6.8M | 8,604 | -0.06pp | 8q | +3.8%+$249.6K | |
| ISHARES TR | IJR | $6.6M | 44,179 | -0.07pp | 26q | -7.0%-$494.5K | |
| CARDINAL HEALTH INC | CAH | $6.4M | 26,885 | -0.03pp | 4q | +3.3%+$204.3K | |
| BROADCOM INC | AVGO | $6.3M | 16,777 | +0.04pp | 27q | +3.3%+$201.7K | |
| BANK OF NY MELLON CORP | BNY | $6.2M | 42,755 | +0.02pp | 4q | +1.2%+$72.3K | |
| PHILIP MORRIS INTL INC | PM | $6.1M | 33,471 | -0.06pp | 4q | +1.9%+$110.7K | |
| GOLDMAN SACHS GROUP INC | GS | $5.9M | 5,858 | flat | 4q | +1.0%+$56.6K | |
| ISHARES TR | IWF | $5.8M | 46,876 | -0.06pp | 27q | +285.0%+$4.3M | |
| KLA CORP | KLAC | $5.7M | 18,752 | +0.34pp | 2q | +955.9%+$5.1M | |
| MICROSOFT CORP | MSFT | $5.7M | 15,147 | -0.16pp | 27q | -0.9%-$52.2K | |
| VERIZON COMMUNICATIONS INC | VZ | $5.3M | 125,920 | -0.28pp | 9q | +2.1%+$111.5K | |
| AMAZON COM INC | AMZN | $5.3M | 22,157 | -0.04pp | 27q | -0.9%-$48.4K | |
| DIMENSIONAL ETF TRUST | DFUS | $5.2M | 63,058 | -0.04pp | 15q | -1.1%-$57.6K | |
| NEXSTAR MEDIA GROUP INC | NXST | $4.9M | 27,468 | -0.12pp | 4q | +3.1%+$145.9K | |
| LAM RESEARCH CORP | LRCX | $4.9M | 11,268 | +0.27pp | 2q | +1.3%+$60.7K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $4.7M | 6,337 | -0.05pp | 27q | -3.5%-$171.0K | |
| JOHNSON & JOHNSON | JNJ | $4.6M | 18,029 | -0.07pp | 27q | +3.4%+$151.9K | |
| HOME DEPOT INC | HD | $4.0M | 11,434 | -0.08pp | 27q | -1.9%-$78.6K | |
| ISHARES TR | SUSA | $3.8M | 24,789 | -0.01pp | 27q | +1.3%+$48.5K | |
| NATIONAL FUEL GAS CO | NFG | $3.5M | 45,851 | -0.20pp | 6q | +2.8%+$96.6K | |
| ANALOG DEVICES INC | ADI | $3.4M | 8,633 | +0.03pp | 13q | +2.6%+$85.8K | |
| MORGAN STANLEY | MS | $3.4M | 16,113 | +0.04pp | 2q | +3.2%+$104.3K | |
| HEICO CORP NEW | HEI | $3.3M | 9,366 | +0.04pp | 4q | +1.9%+$63.8K | |
| ALPHABET INC | GOOGL | $3.3M | 9,302 | +0.05pp | 25q | +8.0%+$245.9K | |
| CARETRUST REIT INC | CTRE | $3.1M | 76,053 | -0.03pp | 3q | +2.6%+$76.7K | |
| LITHIA MTRS INC | LAD | $3.0M | 10,339 | -0.01pp | 4q | +1.9%+$55.8K | |
| ORACLE CORP | ORCL | $3.0M | 20,469 | -0.08pp | 13q | +0.8%+$22.9K | |
| HARBOR ETF TRUST | OSEA | $2.8M | 91,616 | -0.11pp | 8q | -11.6%-$367.7K | |
| INVESCO QQQ TR | QQQ | $2.8M | 3,770 | +0.02pp | 17q | HELD | |
| INVESCO EXCHANGE TRADED FD T | PFM | $2.8M | 49,813 | - | new | NEW | |
| UNUM GROUP | UNM | $2.7M | 30,209 | +0.02pp | 6q | +2.7%+$69.9K | |
| ABBOTT LABORATORIES | ABT | $2.6M | 29,042 | -0.11pp | 20q | +3.5%+$88.6K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $2.6M | 15,388 | - | new | NEW | |
| COCA COLA CO | KO | $2.6M | 31,818 | -0.07pp | 27q | -6.8%-$189.8K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $2.5M | 8,982 | -0.01pp | 8q | +1.6%+$38.8K | |
| HUNTINGTON INGALLS INDS INC | HII | $2.3M | 8,384 | -0.19pp | 2q | +3.0%+$67.5K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $2.3M | 10,424 | -0.02pp | 6q | +2.2%+$50.2K | |
| TE CONNECTIVITY PLC | TEL | $2.3M | 11,364 | -0.07pp | 2q | +1.5%+$34.5K | |
| NVIDIA CORPORATION | NVDA | $2.2M | 11,245 | -0.02pp | 17q | HELD | |
| ISHARES TR | GOVZ | $2.2M | 60,035 | - | new | NEW | |
| POLARIS INC | PII | $2.2M | 32,185 | +0.02pp | 2q | +1.3%+$28.5K | |
| SCHWAB STRATEGIC TR | SCHD | $2.1M | 65,892 | -0.09pp | 20q | -12.0%-$285.0K | |
| CME GROUP INC | CME | $2.0M | 8,971 | -0.15pp | 8q | +3.0%+$58.1K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $1.9M | 8,124 | -0.02pp | 27q | +0.7%+$14.0K | |
| META PLATFORMS INC | META | $1.9M | 3,354 | -0.07pp | 27q | -4.6%-$91.3K | |
| DILLARDS INC | DDS | $1.9M | 3,513 | -0.06pp | 2q | +3.7%+$66.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.7M | 3,414 | -0.04pp | 27q | -3.6%-$64.6K | |
| SOUTHERN CO | SO | $1.7M | 17,414 | -0.07pp | 27q | -7.3%-$130.4K | |
| JPMORGAN CHASE & CO | JPM | $1.7M | 5,048 | flat | 27q | +6.6%+$101.8K | |
| HAWKINS INC | HWKN | $1.6M | 11,043 | -0.06pp | 6q | +2.8%+$43.5K | |
| ELI LILLY & CO | LLY | $1.5M | 1,261 | +0.02pp | 13q | +2.2%+$32.4K | |
| J P MORGAN EXCHANGE TRADED F | JMSI | $1.5M | 29,973 | -0.06pp | 10q | -7.5%-$123.0K | |
| INTUIT | INTU | $1.5M | 5,658 | -0.18pp | 4q | +3.9%+$54.8K | |
| UGI CORP NEW | UGI | $1.3M | 38,564 | -0.04pp | 4q | +2.1%+$26.8K | |
| AES CORP | AES | $1.3M | 89,292 | -0.02pp | 2q | +1.9%+$23.8K | |
| SELECT SECTOR SPDR TR | XLE | $1.3M | 24,628 | -0.05pp | 13q | +6.2%+$76.5K | |
| J P MORGAN EXCHANGE TRADED F | HELO | $1.3M | 19,066 | -0.15pp | 9q | -38.2%-$798.0K | |
| INVESCO EXCHANGE TRADED FD T | PWV | $1.3M | 16,858 | -0.03pp | 27q | -5.5%-$73.7K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $1.3M | 20,666 | -0.06pp | 11q | -18.3%-$283.8K | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $1.3M | 22,261 | -0.09pp | 11q | -19.9%-$311.8K | |
| VANGUARD INDEX FDS | VOO | $1.2M | 1,782 | -0.01pp | 27q | -2.2%-$28.2K | |
| ALBEMARLE CORP | ALB | $1.2M | 9,033 | -0.10pp | 2q | +1.2%+$14.0K | |
| SELECT SECTOR SPDR TR | XLK | $1.2M | 6,374 | +0.06pp | 4q | +38.7%+$339.1K | |
| NETFLIX INC | NFLX | $1.1M | 15,010 | -0.09pp | 27q | HELD | |
| VISA INC | V | $1.0M | 3,044 | -0.01pp | 23q | +1.8%+$18.5K | |
| SCHWAB STRATEGIC TR | FNDF | $1.0M | 19,410 | -0.03pp | 13q | -10.3%-$117.8K | |
| ISHARES TR | IJH | $921.2K | 11,947 | +0.01pp | 13q | +11.4%+$94.0K | |
| FIDELITY COVINGTON TRUST | FDVV | $879.8K | 14,593 | -0.05pp | 13q | -22.1%-$250.3K | |
| SPDR SERIES TRUST | SPYM | $864.1K | 9,833 | +0.04pp | 7q | +60.9%+$327.0K | |
| TESLA INC | TSLA | $863.5K | 2,053 | -0.01pp | 25q | +1.8%+$15.6K | |
| MCDONALDS CORP | MCD | $848.1K | 3,137 | -0.04pp | 27q | +4.1%+$33.5K | |
| WISDOMTREE TR | DON | $845.2K | 14,955 | -0.02pp | 13q | -6.8%-$61.9K | |
| RAYMOND JAMES FINL INC | RJF | $818.5K | 5,384 | -0.07pp | 22q | -31.5%-$376.7K | |
| ISHARES TR | TOPT | $735.4K | 22,340 | - | new | NEW | |
| ISHARES TR | IEFA | $712.7K | 7,379 | +0.02pp | 13q | +44.4%+$219.2K | |
| GENUINE PARTS CO | GPC | $677.8K | 5,745 | -0.01pp | 13q | -5.3%-$38.2K | |
| UNITEDHEALTH GROUP INC | UNH | $624.8K | 1,503 | +0.01pp | 27q | -10.2%-$71.1K | |
| CATERPILLAR INC | CAT | $600.6K | 564 | +0.02pp | 17q | HELD | |
| ISHARES TR | EFA | $584.2K | 5,624 | -0.03pp | 14q | -15.5%-$107.1K | |
| ISHARES TR | IWS | $583.5K | 3,545 | +0.01pp | 2q | +14.8%+$75.2K | |
| PROCTER & GAMBLE CO | PG | $575.7K | 3,926 | -0.01pp | 20q | +1.7%+$9.4K | |
| SPDR SERIES TRUST | BIL | $569.9K | 6,219 | -0.72pp | 3q | -88.4%-$4.3M | |
| BANK OF AMER CORP | BAC | $557.5K | 9,785 | +0.02pp | 11q | +32.6%+$137.0K | |
| NEXTERA ENERGY INC | NEE | $546.4K | 6,226 | -0.01pp | 13q | +12.5%+$60.6K | |
| AMERICAN EXPRESS CO | AXP | $525.3K | 1,553 | -0.01pp | 13q | -2.0%-$10.5K | |
| SCHWAB STRATEGIC TR | SCHG | $498.1K | 14,719 | flat | 14q | HELD | |
| MERCK & CO INC | MRK | $493.7K | 3,842 | -0.01pp | 27q | -4.3%-$22.4K | |
| PEPSICO INC | PEP | $488.4K | 3,607 | -0.02pp | 13q | +1.1%+$5.3K | |
| SPDR SERIES TRUST | SLYV | $429.0K | 3,932 | +0.01pp | 2q | +19.5%+$69.9K | |
| ABBVIE INC | ABBV | $428.7K | 1,704 | flat | 13q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $428.0K | 819 | -0.01pp | 13q | -5.0%-$22.5K | |
| SPDR SERIES TRUST | CWB | $425.2K | 3,944 | +0.01pp | 2q | +16.5%+$60.4K | |
| NUSHARES ETF TR | NUSC | $423.5K | 8,125 | flat | 3q | HELD | |
| CSX CORP | CSX | $419.2K | 8,819 | flat | 4q | -1.4%-$6.0K | |
| VANGUARD INDEX FDS | VUG | $417.4K | 4,846 | flat | 13q | +499.8%+$347.8K | |
| VANGUARD TAX-MANAGED FDS | VEA | $410.1K | 5,756 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | SDVY | $405.4K | 9,397 | -0.01pp | 7q | -10.4%-$47.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $394.8K | 422 | -0.02pp | 15q | HELD | |
| RTX CORPORATION | RTX | $390.1K | 2,056 | -0.01pp | 11q | +1.6%+$6.3K | |
| ISHARES TR | IVV | $378.2K | 505 | flat | 17q | +3.5%+$12.7K | |
| NORFOLK SOUTHN CORP | NSC | $365.7K | 1,162 | flat | 4q | +14.7%+$46.9K | |
| SCHWAB STRATEGIC TR | SCHX | $364.4K | 12,381 | flat | 10q | HELD | |
| AFLAC INC | AFL | $343.7K | 2,931 | -0.01pp | 15q | -2.9%-$10.4K | |
| PHILLIPS 66 | PSX | $340.6K | 2,015 | -0.02pp | 12q | -6.7%-$24.5K | |
| VANGUARD WORLD FD | MGK | $336.7K | 3,830 | flat | 16q | +400.0%+$269.4K | |
| WALMART INC | WMT | $323.2K | 2,854 | flat | 27q | +29.3%+$73.3K | |
| LOWES COS INC | LOW | $322.8K | 1,464 | -0.01pp | 13q | HELD | |
| VANGUARD INDEX FDS | VTI | $320.0K | 865 | -0.01pp | 27q | -11.8%-$42.9K | |
| DEERE & CO | DE | $311.5K | 491 | flat | 13q | -2.6%-$8.2K | |
| STEEL DYNAMICS INC | STLD | $311.1K | 1,356 | flat | 3q | -4.0%-$12.8K | |
| VANGUARD INDEX FDS | VB | $309.8K | 1,022 | - | new | NEW | |
| INTEL CORP | INTC | $305.8K | 2,190 | - | new | NEW | |
| CRANE COMPANY | CR | $305.4K | 1,369 | flat | 8q | +2.9%+$8.5K | |
| WELLS FARGO & CO | WFC | $280.1K | 3,389 | -0.01pp | 11q | +1.3%+$3.6K | |
| QUALCOMM INC | QCOM | $270.7K | 1,465 | - | new | NEW | |
| CORNING INC | GLW | $265.9K | 1,041 | - | new | NEW | |
| VANGUARD WORLD FD | VGT | $265.8K | 2,224 | - | new | NEW | |
| VANGUARD INDEX FDS | VO | $264.9K | 3,288 | flat | 13q | +300.0%+$198.7K | |
| ISHARES TR | IWM | $253.0K | 842 | -0.01pp | 11q | -27.7%-$96.7K | |
| ALLIANCEBERNSTEIN HLDG L P | AB | $248.3K | 7,051 | -0.01pp | 23q | HELD | |
| GILEAD SCIENCES INC | GILD | $244.7K | 1,937 | -0.01pp | 6q | -0.6%-$1.5K | |
| NOVARTIS AG | NVS | $237.6K | 1,516 | flat | 3q | +4.6%+$10.3K | |
| DUKE ENERGY CORP NEW | DUK | $236.9K | 1,871 | -0.01pp | 13q | -8.4%-$21.8K | |
| MONDELEZ INTL INC | MDLZ | $235.7K | 4,075 | flat | 2q | +8.4%+$18.3K | |
| GE VERNOVA INC | GEV | $233.8K | 199 | - | new | NEW | |
| SPDR SERIES TRUST | SPYG | $228.6K | 1,921 | - | new | NEW | |
| ILLINOIS TOOL WKS INC | ITW | $225.8K | 835 | flat | 13q | HELD | |
| SYSCO CORP | SYY | $225.4K | 2,697 | - | new | NEW | |
| CALAMOS STRATEGIC TOTAL RETU | CSQ | $224.4K | 10,915 | -0.01pp | 13q | -18.2%-$49.9K | |
| AMGEN INC | AMGN | $222.2K | 613 | -0.01pp | 3q | -5.1%-$12.0K | |
| DELTA AIR LINES INC | DAL | $220.8K | 2,358 | - | new | NEW | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $219.1K | 227 | - | new | NEW | |
| S&P GLOBAL INC | SPGI | $216.3K | 531 | - | new | NEW | |
| ISHARES TR | IGRO | $213.2K | 2,425 | flat | 3q | HELD | |
| ISHARES TR | IUSV | $212.7K | 1,931 | - | new | NEW | |
| SPDR INDEX SHS FDS | SPDW | $210.0K | 4,168 | - | new | NEW | |
| ALLSTATE CORP | ALL | $204.4K | 859 | - | new | NEW | |
| PAYCHEX INC | PAYX | $203.7K | 2,072 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $203.0K | 1,225 | -0.02pp | 4q | -5.0%-$10.8K | |
| REGIONS FINANCIAL CORP NEW | RF | $201.7K | 6,679 | - | new | NEW | |
| ALTRIA GROUP INC | MO | $201.1K | 2,795 | - | new | NEW | |
| INDEPENDENCE RLTY TR INC | IRT | $179.9K | 10,778 | flat | 18q | HELD | |
| FS CREDIT OPPORTUNITIES CORP | FSCO | $52.6K | 10,546 | flat | 13q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Retail & Consumer | $22.9M | 3.1% |
| Computer Hardware | $21.0M | 2.8% |
| Semiconductors & Electronics | $19.8M | 2.7% |
| Software & IT Services | $17.7M | 2.4% |
| Capital Markets | $12.3M | 1.7% |
| Telecom & Media | $11.3M | 1.5% |
| Wholesale & Distribution | $11.2M | 1.5% |
| Other sectors | $92.1M | 12.4% |
| Not classified | $533.4M | 71.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $741.6M | 159 | 22 | 74 | 46 | 7 | 58.5% | 24 |
| Q1 2026 | $616.7M | 144 | 15 | 41 | 63 | 78 | 59.3% | 16 |
| Q4 2025 | $990.4M | 207 | 28 | 78 | 64 | 12 | 33.6% | 28 |
| Q3 2025 | $947.7M | 191 | 36 | 81 | 47 | 29 | 33.9% | 27 |
| Q2 2025 | $796.8M | 184 | 13 | 73 | 63 | 11 | 30.3% | 18 |
| Q1 2025 | $726.5M | 182 | 25 | 73 | 57 | 40 | 32.3% | 22 |
| Q4 2024 | $734.8M | 197 | 17 | 109 | 45 | 17 | 34.0% | 29 |
| Q3 2024 | $672.4M | 197 | 39 | 80 | 54 | 26 | 34.0% | 31 |
| Q2 2024 | $606.2M | 184 | 26 | 81 | 50 | 24 | 34.4% | 33 |
| Q1 2024 | $584.8M | 182 | 27 | 64 | 69 | 14 | 34.8% | 32 |
| Q4 2023 | $537.0M | 169 | 30 | 64 | 50 | 17 | 38.9% | 36 |
| Q3 2023 | $451.4M | 156 | 13 | 56 | 66 | 17 | 35.8% | 39 |
| Q2 2023 | $475.0M | 160 | 55 | 72 | 20 | 15 | 34.8% | 45 |
| Q1 2023 | $386.0M | 120 | 13 | 44 | 43 | 11 | 40.9% | 34 |
| Q4 2022 | $361.4M | 118 | 16 | 41 | 37 | 10 | 42.2% | 44 |
| Q3 2022 | $320.5M | 112 | 9 | 37 | 43 | 14 | 41.7% | 35 |
| Q2 2022 | $319.9M | 117 | 59 | 36 | 10 | 3 | 42.8% | 43 |
| Q1 2022 | $144.2M | 61 | 2 | 12 | 23 | 4 | 78.2% | 33 |
| Q4 2021 | $155.1M | 63 | 0 | 23 | 8 | 380 | 77.2% | 42 |
| Q3 2021 | $153.9M | 443 | 384 | 19 | 10 | 0 | 70.4% | 48 |
| Q2 2021 | $135.1M | 59 | 5 | 9 | 20 | 2 | 78.4% | 26 |
| Q1 2021 | $156.6M | 56 | 7 | 10 | 16 | 4 | 81.1% | 35 |
| Q4 2020 | $153.5M | 53 | 7 | 22 | 9 | 0 | 79.2% | 36 |
| Q3 2020 | $134.3M | 46 | 5 | 14 | 12 | 0 | 81.7% | 41 |
| Q2 2020 | $102.0M | 41 | 5 | 15 | 12 | 1 | 80.8% | 41 |
| Q1 2020 | $79.7M | 37 | 4 | 15 | 7 | 11 | 81.4% | 42 |
| Q4 2019 | $101.1M | 44 | 0 | 0 | 0 | 0 | 83.6% | 120 |
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.