Legacy Wealth Asset Management, LLC

Reported holdings as of Q3 2026, from 24 quarterly filings.

CIK

1846151

Reported value

$456.3M

Positions

357

Top 10 weight

21.7%

Filed

2026-10-09

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
FIDELITY WISE ORIGIN BITCOIN	FBTC	$22.0M	303,300	4.83%	+1.45pp	11q	+0.6%+$140.4K
GLOBAL X FDS	MLPA	$12.1M	228,004	2.66%	+0.01pp	24q	HELD
ISHARES TR	TFLO	$11.6M	228,247	2.53%	+0.14pp	16q	+5.9%+$644.2K
NORTHERN LTS FD TR IV	WWJD	$11.5M	296,787	2.52%	+0.07pp	24q	+1.5%+$167.8K
STRATEGY SHS	ESUM	$8.0M	265,725	1.76%	+0.01pp	6q	+1.7%+$135.3K
NORTHERN LTS FD TR IV	PTL	$8.0M	29,527	1.76%	-0.05pp	6q	+2.5%+$197.0K
ABRDN ETFS	BCI	$6.6M	256,668	1.46%	-	new	NEW
NVIDIA CORPORATION	NVDA	$6.5M	28,296	1.42%	+0.14pp	24q	-2.7%-$182.0K
MICRON TECHNOLOGY INC	MU	$6.4M	6,029	1.41%	-0.27pp	24q	-9.1%-$641.2K
APPLE INC	AAPL	$6.3M	18,898	1.38%	+0.17pp	24q	HELD
NORTHERN LTS FD TR IV	IBD	$5.9M	256,141	1.29%	+0.33pp	24q	+38.6%+$1.6M
ADVANCED MICRO DEVICES INC	AMD	$5.9M	9,592	1.29%	-0.10pp	18q	-12.0%-$802.6K
BROADCOM INC	AVGO	$5.7M	16,372	1.26%	-0.12pp	24q	-1.5%-$88.9K
ASE TECHNOLOGY HLDG CO LTD	ASX	$4.7M	106,351	1.04%	-0.30pp	20q	-21.2%-$1.3M
PALO ALTO NETWORKS INC	PANW	$4.2M	10,513	0.92%	+0.07pp	5q	-7.1%-$317.5K
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$4.1M	8,899	0.89%	-0.08pp	24q	-4.2%-$179.7K
LINDE PLC	LIN	$3.8M	8,071	0.84%	-0.05pp	15q	+3.7%+$136.7K
ASML HLDG NV	ASML	$3.6M	1,986	0.79%	-0.12pp	24q	-4.7%-$179.4K
GENMAB A/S	GMAB	$3.6M	99,937	0.78%	+0.17pp	17q	-2.2%-$79.4K
GRAYSCALE BITCOIN TRUST ETF	GBTC	$3.5M	54,395	0.77%	+0.22pp	11q	-1.4%-$48.7K
MITSUBISHI UFJ FINANCIAL GRO	MUFG	$3.1M	136,016	0.69%	+0.09pp	17q	-1.5%-$46.2K
ANALOG DEVICES INC	ADI	$3.1M	7,879	0.69%	-0.01pp	24q	-1.1%-$36.1K
TAKEDA PHARMACEUTICAL CO LTD	TAK	$3.0M	166,666	0.66%	+0.10pp	17q	+4.1%+$118.1K
SAP SE	SAP	$3.0M	14,453	0.66%	+0.17pp	24q	HELD
COCA-COLA EUROPACIFIC PARTNE	CCEP	$2.8M	27,427	0.61%	+0.01pp	13q	+0.7%+$19.3K
CANADIAN NATL RY CO	CNI	$2.8M	23,323	0.61%	-0.05pp	24q	-7.5%-$225.4K
BHP BILLITON LIMITED	BHP	$2.8M	32,654	0.61%	+0.34pp	23q	+119.7%+$1.5M
CROWDSTRIKE HLDGS INC	CRWD	$2.8M	10,460	0.61%	+0.15pp	5q	+284.4%+$2.0M
3M CO	MMM	$2.6M	15,658	0.56%	flat	24q	-0.8%-$19.9K
WASTE CONNECTIONS INC	WCN	$2.5M	16,518	0.56%	-0.03pp	16q	+3.5%+$85.0K
HDFC BANK LTD	HDB	$2.5M	113,036	0.55%	-0.08pp	24q	+1.5%+$37.7K
UBS GROUP AG	UBS	$2.5M	52,066	0.55%	-0.02pp	17q	HELD
HP INC	HPQ	$2.5M	80,101	0.55%	+0.16pp	24q	-0.8%-$21.4K
TELEFONAKTIEBOLAGET LM ERICS	ERIC	$2.5M	273,620	0.55%	+0.11pp	17q	+54.2%+$879.8K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$2.5M	2,693	0.54%	+0.17pp	3q	+50.9%+$837.5K
TOTALENERGIES SE	TTE	$2.5M	28,820	0.54%	+0.03pp	3q	-4.5%-$114.8K
WISDOMTREE TR	USFR	$2.4M	47,996	0.53%	+0.06pp	16q	+13.6%+$289.4K
CHECK POINT SOFTWARE TECH LT	CHKP	$2.4M	18,800	0.53%	+0.04pp	17q	+11.3%+$244.9K
ENSIGN GROUP INC	ENSG	$2.4M	13,984	0.53%	+0.07pp	24q	+6.8%+$152.4K
SANDISK CORP	SNDK	$2.3M	1,341	0.51%	+0.13pp	3q	+73.7%+$990.0K
VANGUARD SCOTTSDALE FDS	VGSH	$2.3M	40,405	0.51%	+0.13pp	24q	+35.4%+$607.5K
VANGUARD SCOTTSDALE FDS	VMBS	$2.2M	49,556	0.48%	+0.29pp	24q	+171.4%+$1.4M
RB GLOBAL INC	RBA	$2.2M	26,814	0.48%	-0.19pp	14q	+1.8%+$38.3K
COCA COLA CO	KO	$2.1M	24,762	0.47%	+0.24pp	24q	+96.8%+$1.0M
KONINKLIJKE PHILIPS N V	PHG	$2.1M	86,828	0.46%	-0.02pp	17q	+6.3%+$124.9K
WESTERN DIGITAL CORP	WDC	$2.1M	4,626	0.46%	+0.14pp	5q	+101.0%+$1.1M
MEDTRONIC PLC	MDT	$2.1M	24,310	0.46%	+0.05pp	24q	+2.2%+$45.4K
EQUINIX INC	EQIX	$2.1M	2,061	0.46%	-0.01pp	24q	+1.0%+$21.2K
TEXAS INSTRS INC	TXN	$2.1M	7,408	0.45%	-0.25pp	24q	-31.3%-$947.3K
ACCENTURE PLC IRELAND	ACN	$2.1M	11,314	0.45%	+0.37pp	24q	+253.6%+$1.5M
BANCO BILBAO VIZCAYA ARGENTA	BBVA	$2.0M	71,069	0.43%	+0.25pp	24q	+112.1%+$1.0M
INTUITIVE SURGICAL INC	ISRG	$2.0M	4,857	0.43%	+0.17pp	24q	+62.9%+$762.8K
HONDA MOTOR CO LTD	HMC	$2.0M	62,327	0.43%	+0.06pp	17q	HELD
BOOKING HOLDINGS INC	BKNG	$2.0M	12,071	0.43%	+0.05pp	24q	+22.8%+$364.6K
AMGEN INC	AMGN	$2.0M	4,657	0.43%	+0.22pp	24q	+79.4%+$868.7K
ICICI BANK LIMITED	IBN	$1.9M	70,766	0.43%	-0.01pp	24q	+2.1%+$40.6K
ADOBE INC	ADBE	$1.9M	8,077	0.42%	+0.16pp	24q	+38.1%+$534.3K
ETFS GOLD TR	SGOL	$1.9M	48,573	0.42%	-0.03pp	24q	-9.5%-$200.8K
CATERPILLAR INC	CAT	$1.9M	2,349	0.42%	-0.16pp	24q	-4.1%-$81.9K
DELL TECHNOLOGIES INC	DELL	$1.9M	3,465	0.41%	-	new	NEW
ARISTA NETWORKS INC	ANET	$1.8M	8,743	0.39%	+0.09pp	5q	+9.4%+$152.7K
WASTE MGMT INC DEL	WM	$1.8M	8,705	0.39%	+0.23pp	17q	+175.0%+$1.1M
AMPHENOL CORP	APH	$1.8M	20,928	0.39%	-0.01pp	5q	+101.9%+$890.5K
ELI LILLY & CO	LLY	$1.7M	1,456	0.37%	-0.18pp	24q	-30.4%-$734.8K
TOYOTA MOTOR CORP	TM	$1.7M	9,197	0.37%	+0.10pp	17q	+28.6%+$374.8K
TE CONNECTIVITY PLC	TEL	$1.7M	7,942	0.37%	+0.02pp	9q	+1.3%+$22.2K
CHUBB LIMITED	CB	$1.7M	5,076	0.36%	-0.02pp	24q	+0.6%+$9.4K
AON PLC	AON	$1.6M	5,892	0.36%	-0.19pp	24q	-21.7%-$451.7K
TELEKOMUNIKASI IND	TLK	$1.6M	126,634	0.35%	-0.02pp	24q	+1.0%+$16.2K
OREILLY AUTOMOTIVE INC	ORLY	$1.6M	18,646	0.35%	-0.10pp	24q	-16.9%-$323.3K
EMBRAER S.A.	EMBJ	$1.6M	20,647	0.34%	+0.05pp	16q	-1.0%-$15.1K
SERVICENOW INC	NOW	$1.6M	11,599	0.34%	+0.04pp	18q	-15.1%-$275.7K
ENCOMPASS HEALTH CORP	EHC	$1.5M	12,596	0.34%	+0.03pp	24q	-7.1%-$116.5K
LAM RESEARCH CORP	LRCX	$1.5M	4,642	0.33%	-1.09pp	8q	-68.9%-$3.4M
VANGUARD MALVERN FDS	VTIP	$1.5M	30,763	0.33%	-	new	NEW
CHEMED CORP NEW	CHE	$1.5M	2,985	0.33%	+0.02pp	24q	-2.3%-$35.9K
NEBIUS GROUP N.V.	NBIS	$1.5M	6,354	0.33%	-0.06pp	6q	-0.8%-$12.0K
CISCO SYS INC	CSCO	$1.5M	13,871	0.33%	-0.02pp	24q	+4.4%+$62.9K
VANGUARD SCOTTSDALE FDS	VGIT	$1.5M	26,285	0.33%	-	new	NEW
KANZHUN LIMITED	BZ	$1.5M	99,945	0.32%	+0.04pp	6q	-1.5%-$22.0K
TJX COS INC NEW	TJX	$1.5M	11,102	0.32%	-0.01pp	24q	+10.6%+$140.8K
VANGUARD SCOTTSDALE FDS	VGLT	$1.5M	29,195	0.32%	-0.03pp	24q	HELD
BLACKROCK INC	BLK	$1.5M	1,380	0.32%	-0.10pp	8q	-30.3%-$634.0K
CADENCE DESIGN SYSTEM INC	CDNS	$1.5M	4,417	0.32%	+0.03pp	5q	+24.7%+$288.9K
YUM CHINA HLDGS INC	YUMC	$1.4M	34,794	0.31%	-0.01pp	17q	-2.6%-$38.6K
ING GROEP N.V.	ING	$1.4M	39,775	0.31%	+0.05pp	18q	+7.4%+$97.1K
KB FINL GROUP INC	KB	$1.4M	11,454	0.31%	+0.08pp	4q	+13.5%+$167.4K
AMERICAN HEALTHCARE REIT INC	AHR	$1.4M	27,277	0.31%	-0.01pp	4q	-1.9%-$27.4K
SMURFIT WESTROCK PLC	SW	$1.4M	31,495	0.30%	-0.01pp	7q	HELD
INTERCONTINENTAL EXCHANGE IN	ICE	$1.4M	8,990	0.30%	+0.01pp	24q	-16.8%-$275.2K
NOKIA CORP	NOK	$1.4M	134,020	0.30%	-	new	NEW
FEDERAL SIGNAL CORP	FSS	$1.4M	12,197	0.30%	-0.05pp	24q	HELD
COLGATE PALMOLIVE CO	CL	$1.3M	15,664	0.29%	-0.20pp	24q	-36.3%-$761.7K
VERTEX PHARMACEUTICALS INC	VRTX	$1.3M	2,553	0.29%	+0.13pp	17q	+70.7%+$552.6K
SILICON MOTION TECHNOLOGY CO	SIMO	$1.3M	4,715	0.29%	-0.04pp	3q	+4.9%+$61.3K
MCDONALDS CORP	MCD	$1.3M	5,707	0.29%	+0.01pp	24q	+23.2%+$248.5K
VICTORY CAP HLDGS INC DEL	VCTR	$1.3M	11,778	0.29%	-0.01pp	18q	-25.4%-$443.9K
BANK OF NY MELLON CORP	BNY	$1.3M	9,005	0.29%	-0.02pp	24q	-5.9%-$82.0K
PAYCOM SOFTWARE INC	PAYC	$1.3M	5,876	0.28%	+0.08pp	9q	-19.3%-$304.9K
MARVELL TECHNOLOGY INC	MRVL	$1.3M	4,828	0.28%	-	new	NEW
US BANCORP	USB	$1.3M	21,965	0.28%	+0.07pp	24q	+38.4%+$352.0K
AMERICAN TOWER CORP	AMT	$1.3M	7,698	0.28%	+0.02pp	24q	+6.4%+$75.8K
GRUPO CIBEST SA	CIB	$1.3M	13,555	0.28%	+0.03pp	6q	-3.5%-$45.3K
ALCON AG	ALC	$1.2M	19,239	0.27%	-0.19pp	24q	-38.1%-$768.2K
CURTISS WRIGHT CORP	CW	$1.2M	2,283	0.27%	-0.28pp	24q	-30.8%-$553.1K
PEPSICO INC	PEP	$1.2M	9,711	0.27%	+0.13pp	24q	+100.8%+$617.8K
CREDICORP LTD	BAP	$1.2M	3,235	0.27%	-0.01pp	13q	-2.0%-$25.1K
PALANTIR TECHNOLOGIES INC	PLTR	$1.2M	6,480	0.27%	+0.08pp	5q	-12.3%-$169.3K
SIMON PPTY GROUP INC NEW	SPG	$1.2M	6,017	0.26%	-0.08pp	24q	-14.9%-$211.4K
SLB LIMITED	SLB	$1.2M	24,721	0.26%	+0.02pp	24q	+1.6%+$19.1K
SUMITOMO MITSUI FIN GRP INC	SMFG	$1.2M	46,286	0.26%	+0.05pp	4q	+12.5%+$133.2K
NATWEST GROUP PLC	NWG	$1.2M	65,644	0.26%	flat	12q	-1.1%-$13.4K
ENPRO INC	NPO	$1.2M	3,861	0.26%	-0.13pp	19q	-16.9%-$241.3K
EQUINOR ASA	EQNR	$1.2M	28,296	0.26%	+0.06pp	17q	+0.9%+$11.1K
NICE LTD	NICE	$1.2M	10,568	0.26%	+0.18pp	17q	+178.4%+$753.5K
FULL TRUCK ALLIANCE CO LTD	YMM	$1.2M	140,014	0.25%	+0.08pp	3q	+46.1%+$365.4K
PROLOGIS INC.	PLD	$1.2M	8,895	0.25%	-0.01pp	17q	HELD
PROGRESSIVE CORP	PGR	$1.1M	5,491	0.25%	+0.03pp	24q	+19.2%+$183.1K
EXXONMOBIL HOLDINGS CORP COM SHS	XOM	$1.1M	6,893	0.25%	-	new	NEW
WELLTOWER INC	WELL	$1.1M	4,845	0.24%	flat	23q	+0.7%+$7.6K
GILEAD SCIENCES INC	GILD	$1.1M	7,343	0.24%	+0.03pp	24q	-1.1%-$11.8K
HSBC HLDGS PLC	HSBC	$1.1M	10,878	0.24%	flat	17q	-2.8%-$31.4K
GILDAN ACTIVEWEAR INC	GIL	$1.1M	25,250	0.24%	-0.06pp	9q	-1.9%-$20.7K
ROSS STORES INC	ROST	$1.1M	4,577	0.23%	-0.06pp	24q	-27.4%-$403.5K
SOUTHERN CO	SO	$1.1M	12,692	0.23%	+0.05pp	24q	+45.2%+$327.4K
ADVANCED ENERGY INDS	AEIS	$1.1M	3,727	0.23%	+0.06pp	4q	+79.0%+$463.6K
SOCIEDAD QUIMICA Y MINERA DE	SQM	$1.0M	15,865	0.23%	-0.03pp	6q	-0.8%-$7.8K
BOEING CO	BA	$1.0M	5,457	0.22%	-0.04pp	24q	-0.7%-$6.9K
CHEVRON CORPORATION	CVX	$1.0M	4,951	0.22%	+0.04pp	24q	-2.5%-$25.7K
ROYAL BK CDA	RY	$1.0M	5,120	0.22%	-0.02pp	12q	-1.8%-$18.3K
BARCLAYS PLC	BCS	$991.9K	40,869	0.22%	-0.03pp	20q	-1.1%-$11.3K
RTX CORPORATION	RTX	$990.8K	5,337	0.22%	-0.02pp	24q	-4.5%-$47.2K
REINSURANCE GROUP AMER INC	RGA	$975.4K	3,961	0.21%	+0.04pp	5q	+8.1%+$72.9K
UNION PAC CORP	UNP	$974.8K	3,582	0.21%	+0.03pp	24q	+19.0%+$155.7K
APPLIED INDL TECHNOLOGIES IN	AIT	$968.3K	2,914	0.21%	+0.06pp	6q	+38.4%+$268.8K
MANULIFE FINL CORP	MFC	$953.7K	22,393	0.21%	+0.01pp	16q	-0.6%-$5.9K
LLOYDS BANKING GROUP PLC	LYG	$950.1K	168,754	0.21%	-0.01pp	17q	-2.2%-$21.9K
ENTEGRIS INC	ENTG	$947.0K	6,147	0.21%	+0.04pp	2q	+44.3%+$290.7K
CSX CORP	CSX	$938.2K	20,173	0.21%	-0.01pp	24q	-1.5%-$14.3K
DEERE & CO	DE	$938.2K	1,397	0.21%	+0.01pp	17q	+0.6%+$5.4K
BANCO SANTANDER S.A.	SAN	$932.9K	67,455	0.20%	+0.03pp	17q	+14.2%+$116.4K
NATIONAL GRID PLC	NGG	$931.6K	12,287	0.20%	+0.03pp	4q	+25.7%+$190.7K
LITTELFUSE INC	LFUS	$917.0K	2,164	0.20%	-0.10pp	21q	-28.0%-$356.4K
CNH INDL N V	CNH	$906.9K	70,575	0.20%	-	new	NEW
EOG RES INC	EOG	$903.2K	6,556	0.20%	+0.01pp	24q	-1.3%-$11.8K
ABRDN SILVER ETF TRUST	SIVR	$898.2K	15,672	0.20%	-0.07pp	24q	-28.2%-$353.3K
VENTAS INC	VTR	$897.0K	10,550	0.20%	+0.08pp	9q	+81.9%+$403.8K
CONOCOPHILLIPS	COP	$893.4K	7,139	0.20%	+0.03pp	24q	-1.0%-$8.9K
EVERCORE INC	EVR	$892.0K	3,464	0.20%	-0.07pp	24q	-1.6%-$14.7K
PNC FINL SVCS GROUP INC	PNC	$890.8K	4,008	0.20%	-0.03pp	24q	-2.5%-$22.4K
VISA INC	V	$890.8K	2,479	0.20%	-0.29pp	10q	-61.3%-$1.4M
SYNOPSYS INC	SNPS	$876.8K	2,016	0.19%	-0.16pp	5q	-44.4%-$698.9K
TERRENO RLTY CORP	TRNO	$873.4K	13,530	0.19%	flat	24q	-0.7%-$6.2K
QUALCOMM INC	QCOM	$871.3K	4,734	0.19%	flat	24q	+0.7%+$6.1K
ITAU UNIBANCO HLDG S A	ITUB	$864.9K	101,400	0.19%	+0.01pp	24q	+1.2%+$10.5K
FERGUSON ENTERPRISES INC	FERG	$845.7K	3,799	0.19%	+0.03pp	3q	+31.3%+$201.7K
PETROLEO BRASILEIRO S A	PBR	$842.0K	40,347	0.18%	+0.04pp	16q	HELD
CAE INC	CAE	$836.8K	34,854	0.18%	+0.01pp	9q	+13.2%+$97.7K
CANADIAN PACIFIC KANSAS CITY	CP	$830.6K	9,760	0.18%	+0.01pp	14q	+9.6%+$72.8K
INTERNATIONAL BUSINESS MACHS	IBM	$830.5K	3,776	0.18%	-0.05pp	24q	-0.6%-$5.1K
BANK MONTREAL MEDIUM	BMO	$829.1K	4,957	0.18%	-0.01pp	3q	HELD
CELESTICA INC	CLS	$827.3K	2,289	0.18%	-	new	NEW
BRISTOL-MYERS SQUIBB CO	BMY	$825.6K	13,231	0.18%	+0.01pp	24q	+0.7%+$5.7K
KEYSIGHT TECHNOLOGIES INC	KEYS	$821.3K	2,256	0.18%	flat	24q	-1.9%-$15.7K
SHELL PLC	SHEL	$803.1K	8,449	0.18%	+0.03pp	19q	HELD
MICROCHIP TECHNOLOGY INC.	MCHP	$788.1K	10,134	0.17%	flat	8q	+17.4%+$116.7K
TEXAS ROADHOUSE INC	TXRH	$781.4K	4,998	0.17%	-0.04pp	11q	-1.0%-$7.7K
CANADIAN NAT RES LTD MED TER	CNQ	$779.9K	16,569	0.17%	+0.03pp	11q	-0.8%-$6.5K
RIO TINTO PLC	RIO	$778.4K	8,266	0.17%	flat	24q	HELD
TERADYNE INC	TER	$777.0K	1,938	0.17%	-0.03pp	3q	+2.9%+$22.1K
EDWARDS LIFESCIENCES CORP	EW	$768.4K	8,902	0.17%	-0.03pp	17q	-12.8%-$113.3K
AUTOMATIC DATA PROCESSING IN	ADP	$765.7K	2,967	0.17%	-0.21pp	24q	-61.1%-$1.2M
VANGUARD INDEX FDS	VOO	$761.7K	1,087	0.17%	flat	24q	HELD
CAMDEN PPTY TR	CPT	$761.0K	7,867	0.17%	flat	24q	+20.5%+$129.4K
DUKE ENERGY CORP NEW	DUK	$759.3K	6,660	0.17%	-0.02pp	24q	HELD
T-MOBILE US INC	TMUS	$758.6K	4,652	0.17%	-0.01pp	17q	-4.0%-$31.3K
DOMINION ENERGY INC	D	$753.9K	12,457	0.17%	-0.02pp	17q	HELD
MICROSOFT CORP	MSFT	$751.9K	1,466	0.16%	+0.04pp	15q	HELD
TETRA TECH INC NEW	TTEK	$751.7K	22,814	0.16%	+0.02pp	24q	-1.7%-$12.6K
LOCKHEED MARTIN CORP	LMT	$748.6K	1,470	0.16%	flat	24q	-1.8%-$13.7K
S&P GLOBAL INC	SPGI	$739.7K	1,875	0.16%	-0.04pp	24q	-17.5%-$156.6K
AFFILIATED MANAGERS GROUP	AMG	$733.4K	2,006	0.16%	+0.01pp	18q	-1.7%-$12.8K
LANTHEUS HLDGS INC	LNTH	$731.5K	7,350	0.16%	-0.02pp	12q	-1.2%-$8.8K
MERCADOLIBRE INC	MELI	$729.4K	422	0.16%	flat	16q	HELD
NEXTERA ENERGY INC	NEE	$728.2K	9,614	0.16%	-0.02pp	24q	HELD
NETEASE COM INC	NTES	$719.1K	5,935	0.16%	-0.01pp	4q	HELD
AGNICO EAGLE MINES LTD	AEM	$719.0K	3,923	0.16%	+0.02pp	4q	HELD
GENERAL DYNAMICS CORP	GD	$718.4K	2,165	0.16%	-0.01pp	24q	HELD
CHESAPEAKE UTILS CORP	CPK	$712.4K	5,546	0.16%	-0.03pp	24q	-17.9%-$154.9K
MAGNA INTL INC	MGA	$708.7K	11,131	0.16%	-0.01pp	17q	HELD
XP INC	XP	$705.4K	33,599	0.15%	+0.04pp	19q	+1.5%+$10.7K
SCHWAB CHARLES CORP	SCHW	$698.3K	7,144	0.15%	-0.10pp	24q	-41.8%-$500.5K
BWX TECHNOLOGIES INC	BWXT	$695.7K	5,078	0.15%	-0.07pp	24q	-2.9%-$20.4K
MSA SAFETY INC	MSA	$695.0K	3,907	0.15%	flat	24q	-0.6%-$4.3K
AUTODESK INC	ADSK	$693.3K	3,317	0.15%	-0.03pp	24q	-20.9%-$183.1K
TELEFONICA BRASIL SA	VIV	$692.8K	60,504	0.15%	-0.02pp	16q	+0.7%+$4.6K
BANCO BRADESCO S A	BBD	$689.7K	195,939	0.15%	flat	20q	+1.0%+$7.1K
YUM BRANDS INC	YUM	$689.3K	5,056	0.15%	-0.03pp	24q	-2.4%-$17.0K
GE VERNOVA INC	GEV	$687.2K	723	0.15%	-	new	NEW
MONDELEZ INTL INC	MDLZ	$685.2K	11,851	0.15%	-0.01pp	24q	-3.7%-$26.3K
SHERWIN WILLIAMS CO	SHW	$685.0K	2,119	0.15%	-0.06pp	17q	-25.1%-$229.5K
CEMEX SA EURO MTN BE 144A	CX	$678.9K	71,390	0.15%	-0.04pp	16q	HELD
MOTOROLA SOLUTIONS INC	MSI	$674.8K	1,513	0.15%	-0.02pp	5q	-15.8%-$126.7K
BALCHEM CORP	BCPC	$671.9K	4,073	0.15%	-0.03pp	24q	-14.8%-$117.0K
BP PLC	BP	$671.2K	15,258	0.15%	+0.02pp	17q	+0.8%+$5.3K
SENSATA TECHNOLOGIES HLDG PL	ST	$671.2K	16,149	0.15%	-0.02pp	24q	HELD
PRUDENTIAL PLC	PUK	$669.7K	27,069	0.15%	-0.01pp	17q	HELD
TC ENERGY CORP	TRP	$668.1K	11,563	0.15%	-	new	NEW
WHITE MTNS INS GROUP LTD	WTM	$660.1K	329	0.14%	-0.01pp	24q	HELD
ARCH CAP GROUP LTD	ACGL	$660.0K	7,146	0.14%	-0.01pp	13q	HELD
ENBRIDGE INC	ENB	$659.5K	14,185	0.14%	-0.02pp	6q	HELD
TRANSUNION	TRU	$652.5K	10,675	0.14%	flat	15q	+20.5%+$110.9K
NU HLDGS LTD	NU	$645.5K	50,987	0.14%	-0.01pp	10q	HELD
CME GROUP INC	CME	$641.1K	2,447	0.14%	+0.02pp	17q	+1.1%+$7.1K
ILLINOIS TOOL WKS INC	ITW	$639.9K	2,487	0.14%	-0.01pp	17q	+0.7%+$4.6K
INSPERITY INC	NSP	$638.7K	13,710	0.14%	-0.01pp	18q	-18.5%-$145.0K
SS&C TECH HLDGS	SSNC	$635.8K	8,249	0.14%	+0.03pp	18q	-1.4%-$8.9K
MARSH & MCLENNAN COS INC	MRSH	$619.9K	3,631	0.14%	flat	17q	HELD
1ST FINL BANCORP	FFBC	$618.2K	19,737	0.14%	flat	3q	+6.0%+$35.0K
SPROUTS FMRS MKT INC	SFM	$617.4K	9,305	0.14%	+0.03pp	3q	+66.8%+$247.3K
MOODYS CORP	MCO	$616.3K	1,357	0.14%	+0.01pp	5q	+6.2%+$35.9K
HEICO CORP NEW	HEIA	$614.7K	2,692	0.13%	-0.02pp	13q	-3.1%-$19.4K
MONOLITHIC PWR SYS INC	MPWR	$614.3K	456	0.13%	-0.01pp	6q	-4.2%-$26.9K
TRUIST FINL CORP	TFC	$614.1K	13,263	0.13%	-0.04pp	17q	-17.9%-$134.0K
HALEON PLC	HLN	$613.4K	68,159	0.13%	flat	13q	HELD
HOME DEPOT INC	HD	$610.9K	2,147	0.13%	-0.03pp	24q	+0.8%+$4.8K
LOWES COS INC	LOW	$601.0K	3,261	0.13%	-0.03pp	24q	-0.8%-$4.6K
SELECT SECTOR SPDR TR	XLF	$597.9K	11,196	0.13%	flat	21q	HELD
ABBOTT LABORATORIES	ABT	$596.7K	6,038	0.13%	+0.01pp	24q	+1.4%+$8.1K
GLOBANT S A	GLOB	$594.2K	17,123	0.13%	+0.02pp	2q	+0.9%+$5.2K
EVEREST GROUP LTD	EG	$593.4K	1,625	0.13%	flat	16q	+0.6%+$3.3K
NEW YORK TIMES CO MTN BE	NYT	$593.2K	9,312	0.13%	+0.01pp	7q	+14.9%+$76.8K
DATADOG INC	DDOG	$592.3K	2,163	0.13%	+0.01pp	6q	+2.0%+$11.8K
DIGITAL RLTY TR INC	DLR	$589.8K	3,360	0.13%	flat	4q	HELD
RESTAURANT BRANDS INTL INC	QSR	$586.4K	8,250	0.13%	flat	17q	+0.8%+$4.5K
XCEL ENERGY INC	XEL	$586.2K	8,317	0.13%	-0.02pp	11q	HELD
GE AEROSPACE	GE	$586.2K	1,877	0.13%	-0.02pp	4q	+6.6%+$36.5K
ACUITY INC	AYI	$579.3K	1,870	0.13%	-0.03pp	3q	-0.7%-$4.0K
HALOZYME THERAPEUTICS INC	HALO	$575.2K	5,210	0.13%	+0.06pp	7q	+38.5%+$159.7K
AMAZON COM INC	AMZN	$573.5K	2,302	0.13%	+0.01pp	3q	+1.4%+$8.0K
U HAUL HOLDING COMPANY	UHALB	$565.6K	10,702	0.12%	-0.01pp	16q	HELD
U S PHYSICAL THERAPY	USPH	$565.5K	6,596	0.12%	+0.02pp	24q	-1.5%-$8.7K
PRICESMART INC	PSMT	$562.1K	3,324	0.12%	+0.01pp	2q	+28.1%+$123.5K
CHIPOTLE MEXICAN GRILL INC	CMG	$559.3K	17,506	0.12%	flat	10q	+3.8%+$20.4K
REXFORD INDL RLTY INC	REXR	$553.6K	15,262	0.12%	+0.01pp	11q	+0.5%+$2.8K
TRANSDIGM GROUP INC	TDG	$547.8K	506	0.12%	-0.01pp	5q	+12.4%+$60.6K
EMCOR GROUP INC	EME	$547.0K	725	0.12%	-0.01pp	16q	+2.5%+$13.6K
ARMSTRONG WORLD INDS INC NEW	AWI	$538.3K	3,324	0.12%	+0.06pp	4q	+108.8%+$280.5K
COCA COLA CONS INC	COKE	$536.8K	2,836	0.12%	-0.05pp	5q	-29.9%-$229.4K
INTER PARFUMS INC	IPAR	$535.5K	4,826	0.12%	flat	18q	HELD
DT MIDSTREAM INC	DTM	$530.3K	4,439	0.12%	-0.03pp	7q	-2.1%-$11.2K
NORTHROP GRUMMAN CORP	NOC	$523.1K	1,082	0.11%	flat	17q	+2.9%+$14.5K
TRIP COM GROUP LTD	TCOM	$523.0K	13,375	0.11%	flat	7q	+0.8%+$3.9K
LANDSTAR SYS INC	LSTR	$521.8K	3,094	0.11%	flat	7q	+18.8%+$82.6K
KITE REALTY GROUP TRUST	KRG	$518.0K	21,238	0.11%	-0.02pp	21q	HELD
DOLLAR GEN CORP	DG	$512.6K	4,287	0.11%	-0.01pp	17q	-8.6%-$48.1K
SMITH & NEPHEW PLC	SNN	$509.5K	18,899	0.11%	-0.01pp	17q	+1.4%+$6.8K
SMITH A O CORP	AOS	$508.1K	9,013	0.11%	-0.01pp	6q	-1.4%-$7.4K
EAGLE MATLS INC	EXP	$501.4K	2,932	0.11%	-0.01pp	18q	+19.9%+$83.1K
ICON PUB LTD CO	ICLR	$501.0K	2,947	0.11%	flat	24q	+0.9%+$4.4K
AMERICOLD REALTY TRUST INC	COLD	$498.3K	35,645	0.11%	-0.01pp	22q	-0.8%-$3.8K
RELX PLC	RELX	$496.5K	14,964	0.11%	+0.01pp	17q	+1.6%+$8.0K
EASTGROUP PPTYS INC	EGP	$495.0K	2,507	0.11%	-0.01pp	24q	-7.2%-$38.3K
GRAYSCALE BITCOIN MINI TR ET	BTC	$492.6K	13,332	0.11%	+0.02pp	8q	-10.4%-$57.3K
TWILIO INC	TWLO	$492.5K	1,684	0.11%	+0.04pp	2q	+13.4%+$58.2K
VANGUARD SCOTTSDALE FDS	VONG	$492.4K	3,819	0.11%	flat	24q	HELD
DUOLINGO INC	DUOL	$488.0K	3,427	0.11%	+0.06pp	3q	+68.1%+$197.7K
OPEN TEXT CORP	OTEX	$486.0K	21,675	0.11%	flat	9q	+1.1%+$5.4K
WPP PLC NEW	WPP	$481.4K	19,476	0.11%	+0.04pp	17q	+2.6%+$12.1K
MOOG INC	MOGA	$473.4K	1,241	0.10%	-0.01pp	2q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$461.9K	7,788	0.10%	flat	24q	-3.1%-$14.6K
NVENT ELEC PLC	NVT	$460.9K	2,874	0.10%	-0.06pp	13q	-33.2%-$228.8K
FIRST CTZNS BANCSHARES INC D	FCNCA	$453.2K	220	0.10%	flat	4q	-1.8%-$8.2K
ISHARES INC	IEMG	$452.0K	5,569	0.10%	flat	24q	HELD
QUANTA SVCS INC	PWR	$451.0K	702	0.10%	-0.04pp	5q	-17.9%-$98.3K
RAYMOND JAMES FINL INC	RJF	$447.4K	2,831	0.10%	+0.01pp	14q	+3.5%+$15.2K
MONGODB INC	MDB	$444.8K	1,276	0.10%	+0.01pp	4q	+6.0%+$25.1K
SENSIENT TECHNOLOGIES CORP	SXT	$438.8K	3,357	0.10%	-	new	NEW
MODINE MFG CO	MOD	$435.6K	2,327	0.10%	-	new	NEW
LPL FINL HLDGS INC	LPLA	$425.1K	1,390	0.09%	+0.03pp	2q	+40.7%+$122.9K
FAIR ISAAC CORP	FICO	$420.7K	710	0.09%	-0.03pp	6q	+46.4%+$133.3K
TAPESTRY INC	TPR	$418.7K	3,640	0.09%	-0.15pp	8q	-52.4%-$460.6K
META PLATFORMS INC	META	$417.0K	575	0.09%	+0.02pp	14q	HELD
TESLA INC	TSLA	$413.7K	1,166	0.09%	-0.02pp	12q	HELD
EXPEDIA GROUP INC	EXPE	$404.3K	1,535	0.09%	flat	3q	+3.1%+$12.1K
IRON MTN INC DEL	IRM	$402.8K	3,630	0.09%	flat	2q	+12.3%+$44.3K
QNITY ELECTRONICS INC	Q	$401.6K	3,194	0.09%	-0.02pp	3q	+4.2%+$16.1K
IDEXX LABS INC	IDXX	$397.9K	762	0.09%	+0.03pp	3q	+56.1%+$143.1K
API GROUP CORP	APG	$397.7K	10,304	0.09%	-0.01pp	4q	+1.6%+$6.4K
BAKER HUGHES COMPANY	BKR	$397.0K	7,231	0.09%	flat	24q	-0.7%-$2.7K
ALLISON TRANSMISSION HLDGS I	ALSN	$394.5K	3,483	0.09%	flat	24q	-0.7%-$2.7K
NORTHERN LTS FD TR IV	ISMD	$390.5K	8,424	0.09%	+0.03pp	2q	+57.5%+$142.5K
FIDELITY NATL FINL INC	FNF	$382.3K	9,892	0.08%	-0.02pp	24q	HELD
M & T BK CORP	MTB	$382.1K	1,756	0.08%	-0.01pp	14q	-1.4%-$5.4K
AMERICAN FINANCIAL GROUP INC	AFG	$381.7K	2,791	0.08%	flat	24q	HELD
CRANE COMPANY	CR	$378.0K	1,853	0.08%	-0.03pp	13q	-16.7%-$75.7K
TOAST INC	TOST	$375.5K	12,953	0.08%	+0.03pp	3q	+45.7%+$117.8K
VANGUARD INDEX FDS	VUG	$374.7K	4,158	0.08%	flat	11q	HELD
RUBRIK INC.	RBRK	$372.3K	3,252	0.08%	-	new	NEW
FASTENAL CO	FAST	$371.2K	7,495	0.08%	flat	6q	-1.2%-$4.6K
WILLIAMS SONOMA INC	WSM	$370.6K	1,626	0.08%	-	new	NEW
ISHARES TR	EFV	$363.5K	4,593	0.08%	flat	16q	HELD
ROYALTY PHARMA PLC	RPRX	$355.9K	6,098	0.08%	-	new	NEW
APTARGROUP INC	ATR	$343.1K	2,832	0.08%	-0.03pp	8q	-26.0%-$120.3K
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$334.4K	5,822	0.07%	+0.02pp	24q	HELD
HONEYWELL INTL INC	HON	$333.3K	1,580	0.07%	flat	2q	+1.8%+$5.9K
HEICO CORP NEW	HEI	$332.3K	1,096	0.07%	-0.01pp	6q	+3.5%+$11.2K
BRUKER CORP	BRKR	$323.8K	5,001	0.07%	flat	4q	-10.6%-$38.4K
ROGERS CORP	ROG	$319.4K	2,088	0.07%	-0.01pp	3q	-9.1%-$32.0K
EQUITY RESIDENTIAL	EQR	$314.7K	5,180	0.07%	-	new	NEW
LIVE NATION ENTERTAINMENT IN	LYV	$313.0K	1,849	0.07%	-0.01pp	16q	-1.5%-$4.9K
ISHARES TR	EFG	$310.0K	2,587	0.07%	flat	16q	HELD
NORTHERN LTS FD TR IV	BLES	$305.5K	6,466	0.07%	flat	24q	-1.1%-$3.3K
BADGER METER INC	BMI	$297.9K	2,411	0.07%	-0.01pp	2q	+1.8%+$5.3K
TKO GROUP HOLDINGS INC	TKO	$297.3K	1,654	0.07%	-0.01pp	3q	+3.4%+$9.7K
VANGUARD SCOTTSDALE FDS	VONV	$296.5K	2,728	0.06%	flat	11q	HELD
ECOLAB INC	ECL	$277.0K	1,009	0.06%	-0.01pp	3q	-9.3%-$28.3K
REGAL REXNORD CORPORATION	RRX	$272.7K	1,758	0.06%	-	new	NEW
ESSEX PPTY TR INC	ESS	$271.8K	1,009	0.06%	flat	10q	+1.0%+$2.7K
EXTRA SPACE STORAGE INC	EXR	$267.0K	2,030	0.06%	-0.01pp	12q	HELD
VALVOLINE INC	VVV	$264.1K	8,764	0.06%	-0.01pp	3q	+16.5%+$37.4K
REGENCY CTRS CORP	REG	$263.2K	3,662	0.06%	-0.01pp	3q	+0.5%+$1.4K
VANGUARD TAX-MANAGED FDS	VEA	$260.5K	3,689	0.06%	flat	6q	-3.4%-$9.2K
WHEATON PRECIOUS METALS CORP	WPM	$259.8K	1,943	0.06%	+0.01pp	2q	+3.1%+$7.8K
FLOWSERVE CORP	FLS	$258.2K	3,531	0.06%	flat	2q	+5.1%+$12.4K
SOUTHWEST GAS HLDGS INC	SWX	$252.8K	3,100	0.06%	-	new	NEW
AZENTA INC	AZTA	$246.5K	7,065	0.05%	-	new	NEW
ELECTROMED INC	ELMD	$241.4K	8,550	0.05%	-0.03pp	5q	HELD
CAVA GROUP INC	CAVA	$239.1K	4,419	0.05%	-0.02pp	3q	HELD
KARMAN HLDGS INC	KRMN	$239.1K	7,374	0.05%	+0.01pp	3q	+83.8%+$109.0K
IQVIA HLDGS INC	IQV	$234.7K	873	0.05%	-	new	NEW
GLOBUS MED INC	GMED	$228.3K	3,048	0.05%	flat	2q	+3.0%+$6.7K
COGNEX CORP	CGNX	$226.3K	3,731	0.05%	-	new	NEW
WINMARK CORP	WINA	$225.4K	751	0.05%	-0.02pp	2q	+7.7%+$16.2K
SITIME CORP	SITM	$220.4K	338	0.05%	-	new	NEW
FIDELITY NATL INFORMATION SV	FIS	$220.2K	6,693	0.05%	-0.01pp	17q	HELD
AVIENT CORPORATION	AVNT	$219.4K	5,451	0.05%	flat	4q	-5.2%-$12.0K
PUBLIC STORAGE	PSA	$218.1K	771	0.05%	-0.01pp	20q	+0.5%+$1.1K
COPART INC	CPRT	$217.7K	7,980	0.05%	flat	2q	HELD
COSTCO WHOLESALE CORPORATION	COST	$214.9K	236	0.05%	flat	3q	-2.1%-$4.6K
SELECTIVE INS GROUP INC	SIGI	$211.6K	2,531	0.05%	-0.02pp	2q	-13.5%-$33.0K
GENERAL MTRS CO	GM	$210.4K	2,732	0.05%	flat	4q	-0.6%-$1.3K
COHEN & STEERS INC	CNS	$209.2K	2,861	0.05%	-0.01pp	2q	-14.3%-$34.9K
HONEYWELL AEROSPACE INC	HONA	$208.1K	1,343	0.05%	-0.03pp	2q	-13.5%-$32.4K
SOLVENTUM CORP	SOLV	$206.6K	2,344	0.05%	-	new	NEW
HAMILTON LANE INC	HLNE	$206.1K	2,373	0.05%	-	new	NEW
NOMAD FOODS LTD	NOMD	$205.2K	19,867	0.04%	-0.01pp	4q	-13.7%-$32.5K
REALTY INCOME CORP	O	$204.8K	3,772	0.04%	-0.02pp	3q	-24.6%-$66.9K
FIRST INDL RLTY TR INC	FR	$203.3K	3,414	0.04%	flat	3q	HELD
QUAKER HOUGHTON	KWR	$202.7K	1,285	0.04%	flat	3q	-7.6%-$16.6K
ORACLE CORP	ORCL	$202.7K	1,476	0.04%	flat	6q	HELD
ELANCO ANIMAL HEALTH INC	ELAN	$202.6K	9,047	0.04%	-0.01pp	4q	-5.8%-$12.4K
AGREE RLTY CORP	ADC	$202.1K	3,025	0.04%	-0.01pp	3q	HELD
F N B CORP	FNB	$195.5K	11,360	0.04%	-0.01pp	12q	-2.1%-$4.1K
QXO INC	QXO	$194.6K	16,643	0.04%	flat	5q	+53.9%+$68.2K
CUSHMAN AND WAKEFIELD LTD	CWK	$154.1K	13,050	0.03%	-0.01pp	4q	-1.2%-$1.8K
INDEPENDENCE RLTY TR INC	IRT	$148.6K	10,225	0.03%	-0.01pp	2q	-1.8%-$2.7K

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	$56.3M	12.3%
Capital Markets	$37.9M	8.3%
Banks & Lending	$33.5M	7.3%
Software & IT Services	$30.2M	6.6%
Computer Hardware	$25.9M	5.7%
Biotech & Pharma	$17.4M	3.8%
Retail & Consumer	$16.8M	3.7%
Real Estate	$16.1M	3.5%
Energy	$15.4M	3.4%
Industrials	$15.3M	3.4%
Autos & Aerospace	$14.5M	3.2%
Medical Devices	$12.7M	2.8%
Other sectors	$83.5M	18.3%
Not classified	$80.8M	17.7%

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	+11.5%	+14.8%	-3.3%	100%
Q1 2026	-1.4%	-4.6%	+3.2%	100%
Q4 2025	-0.4%	+2.4%	-2.7%	100%
Q3 2025	+4.4%	+7.8%	-3.4%	100%
Q2 2025	+8.1%	+10.5%	-2.3%	100%
Q1 2025	-0.8%	-4.6%	+3.8%	100%
Q4 2024	+1.1%	+2.1%	-1.0%	100%
Q3 2024	+6.2%	+5.4%	+0.8%	100%

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

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$456.3M	357	25	140	134	48	21.7%	9
Q2 2026	$455.6M	380	32	100	177	26	20.3%	9
Q1 2026	$411.0M	374	38	193	79	29	20.8%	8
Q4 2025	$407.1M	365	30	145	145	24	21.3%	12
Q3 2025	$411.5M	359	30	160	111	20	22.8%	14
Q2 2025	$393.5M	349	26	124	119	16	22.9%	30
Q1 2025	$361.9M	339	20	102	167	29	20.7%	9
Q4 2024	$367.4M	348	20	51	228	17	21.7%	15
Q3 2024	$372.7M	345	21	125	107	14	19.3%	23
Q2 2024	$354.6M	338	14	214	67	19	20.6%	45
Q1 2024	$359.2M	343	19	183	67	13	20.9%	19
Q4 2023	$304.8M	337	18	119	103	13	15.1%	10
Q3 2023	$272.5M	332	15	111	134	18	14.0%	32
Q2 2023	$286.3M	335	21	152	106	20	15.7%	35
Q1 2023	$277.1M	334	12	99	144	12	15.2%	24
Q4 2022	$262.6M	334	37	143	119	16	12.9%	33
Q3 2022	$228.8M	313	58	79	158	67	14.1%	14
Q2 2022	$246.6M	322	24	180	81	25	16.7%	19
Q1 2022	$280.9M	323	29	228	37	25	16.7%	42
Q4 2021	$295.3M	319	39	190	75	12	20.3%	41
Q3 2021	$218.6M	292	8	115	88	17	15.1%	19
Q2 2021	$225.1M	301	19	110	137	6	15.1%	14
Q1 2021	$216.6M	288	12	142	79	4	15.4%	20
Q4 2020	$198.5M	280	0	0	0	0	15.6%	84

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.