STUDIO INVESTMENT MANAGEMENT LLC
Reported holdings as of Q2 2026, from 20 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.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD MALVERN FDS | VTIP | $93.9M | 1,869,358 | -0.81pp | 20q | +0.9%+$850.6K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $33.7M | 142,547 | +0.13pp | 20q | -0.8%-$275.4K | |
| VANGUARD INDEX FDS | VTV | $33.6M | 154,262 | +0.20pp | 20q | HELD | |
| DIMENSIONAL ETF TRUST | DFIC | $21.3M | 571,990 | -0.11pp | 14q | -1.2%-$253.3K | |
| SCHWAB STRATEGIC TR | FNDF | $20.2M | 382,858 | -0.03pp | 20q | -1.8%-$374.9K | |
| VANGUARD INDEX FDS | VBR | $18.2M | 75,052 | -0.02pp | 20q | -5.2%-$1.0M | |
| ALPHABET INC | GOOGL | $17.2M | 48,000 | +0.35pp | 20q | -2.5%-$443.1K | |
| VANGUARD SCOTTSDALE FDS | VGSH | $17.0M | 292,229 | +0.09pp | 20q | +10.9%+$1.7M | |
| DIMENSIONAL ETF TRUST | DFSD | $15.7M | 328,907 | -0.10pp | 7q | +2.9%+$444.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $14.3M | 28,567 | -0.05pp | 20q | HELD | |
| APPLE INC | AAPL | $10.1M | 34,882 | +0.09pp | 20q | -0.9%-$95.8K | |
| CATERPILLAR INC | CAT | $9.3M | 8,767 | +0.32pp | 20q | -10.8%-$1.1M | |
| DIMENSIONAL ETF TRUST | DFEM | $9.1M | 225,022 | +0.19pp | 14q | +3.7%+$325.9K | |
| INVESCO EXCHANGE TRADED FD T | RSPU | $8.1M | 99,554 | -0.05pp | 12q | +3.0%+$237.4K | |
| MICROSOFT CORP | MSFT | $7.8M | 21,031 | -0.07pp | 20q | +0.7%+$56.3K | |
| GENERAL DYNAMICS CORP | GD | $7.8M | 21,920 | -0.05pp | 20q | HELD | |
| ISHARES TR | SGOV | $7.8M | 77,073 | -0.20pp | 14q | -7.2%-$599.8K | |
| NEXTERA ENERGY INC | NEE | $7.6M | 86,038 | -0.18pp | 20q | -1.4%-$103.9K | |
| DIMENSIONAL ETF TRUST | DFLV | $7.3M | 184,091 | +0.11pp | 14q | +5.4%+$375.5K | |
| JPMORGAN CHASE & CO | JPM | $6.8M | 20,738 | +0.03pp | 20q | -1.2%-$79.5K | |
| JOHNSON & JOHNSON | JNJ | $6.8M | 26,678 | -0.07pp | 20q | -3.3%-$230.4K | |
| CISCO SYS INC | CSCO | $6.7M | 56,891 | +0.25pp | 20q | -9.8%-$725.8K | |
| DIMENSIONAL ETF TRUST | DFAT | $6.3M | 90,520 | +0.09pp | 14q | +3.9%+$236.6K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $6.3M | 79,428 | -0.08pp | 20q | HELD | |
| PROCTER & GAMBLE CO | PG | $5.9M | 40,575 | -0.06pp | 20q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGCP | $5.9M | 265,518 | -0.03pp | 15q | +3.9%+$220.9K | |
| RTX CORPORATION | RTX | $5.8M | 30,685 | -0.11pp | 20q | -2.7%-$159.4K | |
| VANGUARD WHITEHALL FDS | VIGI | $5.6M | 59,718 | -0.04pp | 15q | -3.1%-$177.4K | |
| VANGUARD INTL EQUITY INDEX F | VT | $5.6M | 35,472 | -0.02pp | 19q | -7.9%-$474.9K | |
| MERCK & CO INC | MRK | $5.3M | 40,605 | flat | 20q | HELD | |
| VANGUARD INDEX FDS | VTI | $5.3M | 14,188 | -0.09pp | 20q | -15.9%-$992.8K | |
| BROADCOM INC | AVGO | $4.6M | 12,294 | +0.06pp | 13q | -5.9%-$293.1K | |
| AMGEN INC | AMGN | $4.1M | 11,212 | -0.03pp | 20q | -0.6%-$26.4K | |
| D R HORTON INC | DHI | $3.6M | 22,031 | +0.04pp | 20q | -3.8%-$140.6K | |
| ILLINOIS TOOL WKS INC | ITW | $3.4M | 12,600 | -0.02pp | 20q | -1.0%-$33.7K | |
| CHEVRON CORPORATION | CVX | $3.3M | 20,165 | -0.19pp | 20q | -0.5%-$17.1K | |
| ALLIANT ENERGY CORP | LNT | $3.2M | 41,757 | -0.01pp | 20q | -0.8%-$26.9K | |
| UNITEDHEALTH GROUP INC | UNH | $3.2M | 7,619 | +0.16pp | 20q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $3.1M | 54,050 | -0.01pp | 6q | +5.9%+$171.4K | |
| BANK OF AMER CORP | BAC | $3.0M | 52,576 | +0.04pp | 20q | HELD | |
| BLACKROCK INC | BLK | $2.9M | 3,055 | -0.03pp | 8q | HELD | |
| DIMENSIONAL ETF TRUST | DUSB | $2.8M | 55,972 | +0.06pp | 7q | +22.9%+$530.3K | |
| CORTEVA INC | CTVA | $2.8M | 33,311 | -0.03pp | 20q | -0.6%-$16.8K | |
| AMAZON COM INC | AMZN | $2.7M | 11,483 | +0.03pp | 20q | -1.3%-$36.0K | |
| DISNEY WALT CO | DIS | $2.7M | 28,203 | +0.01pp | 20q | +9.4%+$235.7K | |
| JOHNSON CONTROLS INTERNATION | JCI | $2.6M | 17,729 | +0.01pp | 20q | -1.9%-$49.8K | |
| VANGUARD ADMIRAL FDS INC | VIOV | $2.6M | 22,067 | +0.02pp | 14q | -2.2%-$57.3K | |
| VANGUARD ADMIRAL FDS INC | VIOG | $2.4M | 15,942 | +0.05pp | 14q | -2.6%-$65.2K | |
| PEPSICO INC | PEP | $2.4M | 17,914 | -0.08pp | 20q | +1.5%+$36.3K | |
| UNION PAC CORP | UNP | $2.4M | 8,832 | +0.01pp | 20q | -1.7%-$42.4K | |
| VANGUARD INDEX FDS | VV | $2.3M | 6,821 | +0.12pp | 7q | +30.9%+$553.4K | |
| HONEYWELL INTL INC | HON | $2.3M | 10,069 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $2.2M | 10,022 | - | new | NEW | |
| SPDR SERIES TRUST | BWZ | $2.0M | 76,055 | -0.01pp | 6q | +4.9%+$94.8K | |
| HERSHEY CO | HSY | $2.0M | 11,543 | -0.09pp | 10q | HELD | |
| NORTHROP GRUMMAN CORP | NOC | $2.0M | 3,962 | -0.15pp | 20q | HELD | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $1.9M | 22,209 | -0.02pp | 20q | +4.3%+$78.9K | |
| BECTON DICKINSON & CO | BDX | $1.8M | 11,872 | flat | 20q | +9.6%+$157.2K | |
| CSX CORP | CSX | $1.8M | 37,566 | +0.02pp | 20q | -1.1%-$19.2K | |
| CACI INTL INC | CACI | $1.7M | 3,763 | -0.07pp | 17q | +1.2%+$20.4K | |
| TARGET CORP | TGT | $1.7M | 12,800 | flat | 6q | -2.2%-$37.0K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $1.5M | 25,899 | +0.04pp | 20q | +13.8%+$187.5K | |
| NEOS ETF TRUST | SPYI | $1.5M | 29,082 | +0.02pp | 2q | +7.7%+$110.2K | |
| FORTINET INC | FTNT | $1.5M | 9,761 | +0.12pp | 3q | +8.9%+$122.9K | |
| ISHARES TR | EFA | $1.5M | 14,106 | +0.05pp | 15q | +24.7%+$289.8K | |
| APPLIED MATLS INC | AMAT | $1.5M | 2,016 | +0.10pp | 17q | -14.6%-$250.2K | |
| SCHWAB STRATEGIC TR | SCHR | $1.4M | 56,923 | +0.03pp | 7q | +21.1%+$244.4K | |
| DIMENSIONAL ETF TRUST | DFIV | $1.4M | 25,691 | +0.08pp | 11q | +53.7%+$485.0K | |
| TE CONNECTIVITY PLC | TEL | $1.4M | 6,824 | -0.02pp | 8q | +1.4%+$18.3K | |
| INVESCO EXCH TRADED FD TR II | PDN | $1.3M | 29,938 | -0.01pp | 20q | -1.5%-$20.2K | |
| MEDTRONIC PLC | MDT | $1.3M | 16,289 | -0.01pp | 15q | +11.4%+$132.1K | |
| FLEXSHARES TR | GQRE | $1.2M | 19,130 | flat | 15q | -2.7%-$34.6K | |
| GMO ETF TRUST | QLTY | $1.2M | 29,154 | +0.01pp | 10q | -2.3%-$28.5K | |
| ALPHABET INC | GOOG | $1.2M | 3,407 | flat | 17q | -14.0%-$195.4K | |
| T ROWE PRICE EXCHANGE-TRADED | TCAF | $1.2M | 29,024 | +0.01pp | 10q | -1.8%-$21.3K | |
| FLEXSHARES TR | GUNR | $1.2M | 23,446 | -0.05pp | 15q | -6.2%-$76.6K | |
| ADOBE INC | ADBE | $1.2M | 5,618 | -0.01pp | 6q | +18.0%+$175.5K | |
| VANGUARD INDEX FDS | VOO | $1.1M | 1,667 | +0.05pp | 15q | +24.6%+$226.0K | |
| T ROWE PRICE EXCHANGE-TRADED | TDVG | $1.1M | 23,210 | flat | 14q | -2.8%-$32.9K | |
| VANGUARD SCOTTSDALE FDS | VONE | $1.1M | 3,307 | -0.01pp | 11q | -10.9%-$136.8K | |
| SMUCKER J M CO | SJM | $1.1M | 9,924 | +0.03pp | 9q | +7.9%+$81.9K | |
| LKQ CORP | LKQ | $1.1M | 40,365 | -0.02pp | 20q | +8.0%+$79.2K | |
| ABBOTT LABORATORIES | ABT | $1.1M | 11,602 | +0.07pp | 17q | +102.1%+$531.8K | |
| UNITED PARCEL SVCS INC | UPS | $1.0M | 9,670 | +0.02pp | 15q | +9.2%+$87.8K | |
| PAYCHEX INC | PAYX | $1.0M | 10,535 | +0.03pp | 20q | +20.7%+$177.6K | |
| DONALDSON INC | DCI | $1.0M | 11,413 | flat | 6q | +1.4%+$14.5K | |
| ECOLAB INC | ECL | $998.9K | 3,576 | flat | 15q | +2.0%+$19.6K | |
| NORTHERN TR CORP | NTRS | $998.6K | 5,718 | +0.02pp | 20q | -2.3%-$23.6K | |
| SYSCO CORP | SYY | $997.3K | 11,932 | +0.02pp | 6q | +6.6%+$61.4K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $917.7K | 3,130 | -0.01pp | 15q | +0.9%+$8.2K | |
| ENBRIDGE INC | ENB | $915.4K | 16,886 | -0.02pp | 15q | -6.1%-$59.8K | |
| PFIZER INC | PFE | $907.7K | 37,694 | -0.02pp | 20q | +12.2%+$98.7K | |
| AFLAC INC | AFL | $897.0K | 7,650 | flat | 15q | -0.9%-$8.1K | |
| DEERE & CO | DE | $878.2K | 1,381 | -0.04pp | 20q | -25.4%-$298.9K | |
| DIMENSIONAL ETF TRUST | DISV | $854.3K | 21,289 | +0.04pp | 11q | +41.3%+$249.7K | |
| DIMENSIONAL ETF TRUST | DFAI | $828.2K | 20,077 | +0.03pp | 11q | +27.4%+$178.2K | |
| LINCOLN NATL CORP IND | LNC | $821.5K | 23,239 | flat | 2q | +5.9%+$46.1K | |
| SCHWAB STRATEGIC TR | FNDX | $805.7K | 25,908 | flat | 20q | -6.3%-$54.5K | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $788.9K | 9,064 | +0.02pp | 14q | -5.7%-$47.3K | |
| GOLDMAN SACHS GROUP INC | GS | $779.8K | 771 | +0.01pp | 20q | -4.3%-$35.4K | |
| WELLS FARGO & CO | WFC | $779.2K | 9,429 | -0.02pp | 15q | -9.1%-$77.7K | |
| LOWES COS INC | LOW | $762.9K | 3,460 | -0.02pp | 15q | +1.0%+$7.5K | |
| CLOROX CO DEL | CLX | $754.9K | 7,910 | -0.01pp | 8q | +4.9%+$34.9K | |
| LITTELFUSE INC | LFUS | $734.4K | 1,613 | +0.02pp | 17q | -7.9%-$63.3K | |
| ORACLE CORP | ORCL | $731.1K | 4,989 | flat | 15q | +9.9%+$66.1K | |
| SPDR SERIES TRUST | BILS | $716.3K | 7,208 | -0.01pp | 14q | -4.7%-$35.0K | |
| PIMCO ETF TR | PYLD | $712.5K | 26,867 | +0.03pp | 5q | +35.0%+$184.6K | |
| US BANCORP | USB | $666.0K | 10,932 | -0.01pp | 13q | -17.7%-$143.5K | |
| C H ROBINSON WORLDWIDE IN | CHRW | $659.0K | 3,487 | flat | 20q | -1.6%-$10.6K | |
| BANK OF NY MELLON CORP | BNY | $657.4K | 4,546 | flat | 20q | -9.8%-$71.1K | |
| NIKE INC | NKE | $647.2K | 15,613 | - | new | NEW | |
| SPDR SERIES TRUST | SPTL | $640.7K | 24,425 | +0.01pp | 5q | +20.0%+$106.7K | |
| OMNICOM GROUP INC | OMC | $640.2K | 8,695 | -0.03pp | 15q | -15.5%-$117.6K | |
| GENUINE PARTS CO | GPC | $637.5K | 5,358 | - | new | NEW | |
| EXPEDITORS INTL WASH INC | EXPD | $621.8K | 3,815 | +0.01pp | 20q | -0.7%-$4.1K | |
| INTEL CORP | INTC | $610.6K | 4,373 | +0.06pp | 2q | -15.1%-$108.5K | |
| ARROW ELECTRS INC | ARW | $598.0K | 2,802 | +0.02pp | 17q | -6.9%-$44.4K | |
| HUNTINGTON INGALLS INDS INC | HII | $592.2K | 2,116 | -0.08pp | 8q | -19.4%-$142.2K | |
| MORGAN STANLEY ETF TRUST | EVTR | $581.8K | 11,429 | +0.02pp | 5q | +40.1%+$166.5K | |
| ISHARES TR | IJR | $580.6K | 3,915 | flat | 15q | -6.4%-$39.5K | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $560.2K | 2,128 | +0.02pp | 19q | +4.7%+$25.3K | |
| UBS GROUP AG | UBS | $559.3K | 11,286 | +0.01pp | 20q | -1.7%-$9.8K | |
| STIFEL FINL CORP | SF | $554.5K | 7,948 | -0.01pp | 14q | HELD | |
| META PLATFORMS INC | META | $554.3K | 984 | -0.01pp | 20q | -5.8%-$34.4K | |
| CBRE GROUP INC | CBRE | $553.2K | 4,107 | -0.01pp | 20q | -1.7%-$9.7K | |
| MIDDLEBY CORP | MIDD | $545.6K | 3,172 | +0.02pp | 17q | -0.6%-$3.1K | |
| VISA INC | V | $539.3K | 1,572 | +0.01pp | 17q | HELD | |
| HOULIHAN LOKEY INC | HLI | $503.0K | 3,750 | -0.01pp | 14q | HELD | |
| TAKE-TWO INTERACTIVE SOFTWAR | TTWO | $503.0K | 2,012 | +0.01pp | 17q | -1.0%-$5.2K | |
| NORDSON CORP | NDSN | $471.3K | 1,558 | flat | 20q | -0.8%-$3.6K | |
| DIMENSIONAL ETF TRUST | DXIV | $464.9K | 6,642 | +0.01pp | 4q | +15.1%+$61.1K | |
| VANGUARD INDEX FDS | VB | $464.7K | 1,533 | - | new | NEW | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $454.0K | 4,978 | +0.02pp | 20q | -1.8%-$8.4K | |
| BROWN & BROWN INC | BRO | $453.5K | 7,069 | flat | 17q | +3.0%+$13.1K | |
| INSIGHT ENTERPRISES INC | NSIT | $445.4K | 3,657 | +0.03pp | 17q | -1.9%-$8.4K | |
| HARBOR ETF TRUST | OSEA | $434.6K | 14,230 | flat | 8q | -2.1%-$9.3K | |
| SCHWAB STRATEGIC TR | SCHD | $432.6K | 13,641 | flat | 17q | -1.1%-$4.9K | |
| SCHEIN HENRY INC | HSIC | $430.6K | 5,156 | flat | 16q | HELD | |
| OLD NATL BANCORP IND | ONB | $425.3K | 16,420 | flat | 14q | -4.4%-$19.4K | |
| ELECTRONIC ARTS INC | EA | $422.0K | 2,058 | flat | 17q | HELD | |
| MARKEL GROUP INC | MKL | $410.1K | 210 | flat | 10q | HELD | |
| JANUS DETROIT STR TR | JSML | $400.3K | 4,300 | +0.01pp | 4q | +2.5%+$9.6K | |
| MORGAN STANLEY ETF TRUST | EVSD | $390.9K | 7,657 | +0.02pp | 3q | +44.3%+$120.0K | |
| BANK MONTREAL MEDIUM | BMO | $384.3K | 2,175 | +0.01pp | 3q | HELD | |
| GENTEX CORP | GNTX | $384.3K | 15,207 | +0.02pp | 4q | +20.9%+$66.6K | |
| WISDOMTREE TR | DLN | $376.3K | 3,907 | +0.01pp | 5q | +10.1%+$34.5K | |
| ISHARES TR | IMCG | $376.2K | 3,827 | +0.01pp | 4q | +6.5%+$22.9K | |
| VANGUARD WELLINGTON FD | VFMF | $375.9K | 2,124 | +0.01pp | 4q | +9.4%+$32.4K | |
| CDW CORP | CDW | $375.1K | 2,667 | +0.01pp | 17q | HELD | |
| SCHWAB STRATEGIC TR | SCHG | $365.9K | 10,814 | +0.01pp | 5q | +9.9%+$33.1K | |
| LOCKHEED MARTIN CORP | LMT | $365.8K | 718 | -0.02pp | 20q | HELD | |
| PIMCO ETF TR | PMBS | $358.4K | 7,259 | +0.01pp | 3q | +38.4%+$99.4K | |
| INVESCO QQQ TR | QQQ | $358.2K | 486 | +0.02pp | 17q | +15.4%+$47.9K | |
| DIMENSIONAL ETF TRUST | DFSV | $357.4K | 9,214 | +0.02pp | 2q | +50.8%+$120.4K | |
| 3M CO | MMM | $354.1K | 2,187 | flat | 20q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $344.3K | 686 | flat | 20q | HELD | |
| FORTIVE CORP | FTV | $343.1K | 5,610 | flat | 6q | -4.9%-$17.6K | |
| SCHWAB CHARLES CORP | SCHW | $340.2K | 3,687 | flat | 20q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $335.8K | 4,713 | - | new | NEW | |
| SOUTHWEST AIRLS CO | LUV | $333.0K | 6,453 | +0.01pp | 14q | -1.1%-$3.7K | |
| HUNT J B TRANS SVCS INC | JBHT | $332.6K | 1,149 | +0.01pp | 3q | -2.8%-$9.6K | |
| ACCENTURE PLC IRELAND | ACN | $317.8K | 2,554 | flat | 20q | +59.3%+$118.3K | |
| LANDSTAR SYS INC | LSTR | $315.4K | 1,525 | +0.01pp | 3q | -0.8%-$2.7K | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $311.8K | 3,916 | flat | 3q | +5.2%+$15.4K | |
| COPART INC | CPRT | $302.4K | 10,728 | -0.01pp | 20q | +1.4%+$4.1K | |
| DANAHER CORP DEL | DHR | $301.8K | 1,581 | flat | 13q | +1.0%+$3.1K | |
| ADVANCE AUTO PARTS INC | AAP | $284.9K | 4,579 | flat | 2q | -3.3%-$9.7K | |
| STARBUCKS CORP | SBUX | $284.5K | 2,784 | flat | 20q | -0.9%-$2.5K | |
| CARVANA CO | CVNA | $283.7K | 4,310 | flat | 11q | +400.0%+$226.9K | |
| SPDR GOLD TR | GLD | $283.7K | 770 | -0.01pp | 17q | HELD | |
| CAPITAL ONE FINL CORP | COF | $283.5K | 1,413 | flat | 13q | -0.7%-$2.0K | |
| TELEDYNE TECHNOLOGIES INC | TDY | $276.1K | 414 | flat | 4q | -0.7%-$2.0K | |
| VANGUARD INDEX FDS | VO | $270.8K | 3,361 | - | new | NEW | |
| MOTOROLA SOLUTIONS INC | MSI | $263.2K | 632 | -0.01pp | 20q | HELD | |
| IDEX CORP | IEX | $255.8K | 1,127 | flat | 3q | -0.7%-$1.8K | |
| SELECT SECTOR SPDR TR | XLE | $244.9K | 4,612 | - | new | NEW | |
| EMERSON ELEC CO | EMR | $231.5K | 1,617 | flat | 20q | HELD | |
| ISHARES TR | IVLU | $224.3K | 5,364 | - | new | NEW | |
| GENERAL MILLS INC | GIS | $222.7K | 6,399 | -0.04pp | 20q | -47.6%-$202.0K | |
| INTUIT | INTU | $207.2K | 794 | flat | 17q | +61.7%+$79.1K | |
| CONSTELLATION BRANDS INC | STZ | $201.7K | 1,450 | flat | 2q | +1.3%+$2.5K |
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 |
|---|---|---|
| Software & IT Services | $31.5M | 5.3% |
| Insurance | $20.0M | 3.4% |
| Industrials | $19.1M | 3.2% |
| Computer Hardware | $18.3M | 3.1% |
| Biotech & Pharma | $18.0M | 3.1% |
| Autos & Aerospace | $17.2M | 2.9% |
| Banks & Lending | $14.5M | 2.5% |
| Utilities | $10.7M | 1.8% |
| Chemicals | $9.6M | 1.6% |
| Other sectors | $63.5M | 10.7% |
| Not classified | $369.1M | 62.4% |
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 | +6.7% | +14.8% | -8.1% | 100% |
| Q1 2026 | +0.7% | -4.6% | +5.4% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.1% | 100% |
| Q2 2025 | +3.8% | +10.5% | -6.6% | 100% |
| Q1 2025 | +0.2% | -4.6% | +4.8% | 100% |
| Q4 2024 | -2.8% | +2.1% | -5.0% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 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 | $591.7M | 181 | 9 | 67 | 79 | 11 | 48.2% | 31 |
| Q1 2026 | $554.6M | 183 | 7 | 67 | 78 | 3 | 48.5% | 45 |
| Q4 2025 | $547.3M | 179 | 9 | 77 | 62 | 3 | 48.7% | 40 |
| Q3 2025 | $529.8M | 173 | 8 | 65 | 82 | 8 | 48.5% | 38 |
| Q2 2025 | $498.1M | 173 | 6 | 55 | 79 | 148 | 47.7% | 30 |
| Q1 2025 | $483.8M | 315 | 32 | 99 | 103 | 42 | 46.9% | 44 |
| Q4 2024 | $470.3M | 325 | 55 | 74 | 109 | 19 | 42.4% | 45 |
| Q3 2024 | $475.8M | 289 | 28 | 116 | 65 | 39 | 40.8% | 43 |
| Q2 2024 | $439.5M | 300 | 62 | 141 | 35 | 28 | 41.1% | 38 |
| Q1 2024 | $421.4M | 266 | 40 | 103 | 65 | 17 | 40.8% | 45 |
| Q4 2023 | $391.9M | 243 | 23 | 67 | 105 | 13 | 39.3% | 47 |
| Q3 2023 | $358.1M | 233 | 24 | 83 | 74 | 14 | 42.8% | 46 |
| Q2 2023 | $357.4M | 223 | 15 | 109 | 43 | 17 | 42.8% | 45 |
| Q1 2023 | $331.2M | 225 | 30 | 61 | 86 | 6 | 43.5% | 45 |
| Q4 2022 | $308.4M | 201 | 43 | 87 | 40 | 10 | 41.6% | 45 |
| Q3 2022 | $277.7M | 168 | 13 | 76 | 44 | 32 | 44.1% | 45 |
| Q2 2022 | $287.9M | 187 | 90 | 43 | 36 | 6 | 42.1% | 46 |
| Q1 2022 | $303.4M | 103 | 2 | 56 | 31 | 3 | 44.3% | 46 |
| Q4 2021 | $277.7M | 104 | 7 | 63 | 29 | 8 | 42.6% | 45 |
| Q3 2021 | $234.0M | 105 | 0 | 0 | 0 | 0 | 46.0% | 48 |
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.