HolderBook

Chemistry Wealth Management LLC

Reported holdings as of Q2 2026, from 19 quarterly filings.

CIK
1910183
Reported value
$625.2M
Positions
210
Top 10 weight
53.6%
Filed
2026-07-09
Days after quarter end
9

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
VANGUARD SCOTTSDALE FDSVGSH$64.4M1,107,16210.31%-0.62pp18q+4.3%+$2.7M
BERKSHIRE HATHAWAY INC DELBRKB$56.6M113,1409.06%-0.38pp19q+1.0%+$571.4K
PROFESIONALLY MANAGED PORTFOAKRE$49.0M921,6817.84%-0.45pp2q+3.3%+$1.6M
ALPHABET INCGOOG$39.4M111,4446.30%+0.93pp19q+4.6%+$1.7M
APPLE INCAAPL$26.5M91,6994.24%+0.16pp19qHELD
ISHARES GOLD TRIAU$26.1M346,1124.18%-1.18pp18qHELD
VANGUARD MALVERN FDSVTIP$21.2M422,4163.39%+0.17pp18q+15.1%+$2.8M
BROOKFIELD CORPBN$19.0M445,4363.03%-0.11pp15q+0.8%+$156.3K
AMERICAN EXPRESS COAXP$17.1M50,6842.74%-0.12pp19q-5.7%-$1.0M
AMAZON COM INCAMZN$15.4M64,4592.46%+0.15pp19q+2.2%+$333.4K
JPMORGAN CHASE & COJPM$12.1M36,9141.93%+0.01pp19q-0.9%-$104.7K
META PLATFORMS INCMETA$11.8M21,0341.90%-0.22pp18qHELD
ALPHABET INCGOOGL$9.0M25,0641.43%+0.14pp19q-1.7%-$152.2K
TIDAL TRUST IGVLU$8.4M317,7761.34%flat15q+5.7%+$452.3K
T ROWE PRICE EXCHANGE-TRADEDTCAF$8.0M194,2481.28%+0.12pp11q+5.5%+$413.0K
MICROSOFT CORPMSFT$7.2M19,3531.15%-0.11pp19qHELD
UNITEDHEALTH GROUP INCUNH$7.1M17,1351.14%+0.33pp18qHELD
EXXON MOBIL CORPXOMXXXX$6.5M47,7451.04%-0.39pp19q-0.9%-$59.3K
VANGUARD INDEX FDSVBR$6.4M26,4851.03%+0.02pp19q+0.6%+$38.4K
MARKEL GROUP INCMKL$6.2M3,1740.99%-0.02pp18q+5.7%+$332.0K
ELEVANCE HEALTH INC FORMERLYELV$5.9M15,3090.95%+0.16pp18qHELD
SPDR SERIES TRUSTHYMB$4.9M192,2010.78%-0.06pp18qHELD
MICRON TECHNOLOGY INCMU$4.8M4,1720.77%+0.06pp18q-65.2%-$9.0M
VANGUARD INDEX FDSVTV$4.6M21,1050.74%+0.02pp19q+1.8%+$83.0K
AB ACTIVE ETFS INCNYM$4.4M174,1590.70%-0.04pp2q+3.6%+$152.2K
AIRBNB INCABNB$4.2M29,4530.67%+0.04pp10q+3.8%+$152.4K
WAYFAIR INCW$4.2M45,3680.67%+0.10pp17q+5.9%+$234.2K
BANK OF AMER CORPBAC$4.2M73,4670.67%+0.01pp19q-3.9%-$170.3K
JOHNSON & JOHNSONJNJ$3.6M14,1850.58%flat18q+5.7%+$192.8K
MOLINA HEALTHCARE INCMOH$3.5M15,5170.57%+0.33pp2q+52.5%+$1.2M
RBB FUND TRUSTFEGE$3.5M71,6350.56%+0.18pp4q+53.6%+$1.2M
NVIDIA CORPORATIONNVDA$3.5M17,4010.56%+0.03pp13q+1.7%+$59.4K
BOOKING HOLDINGS INCBKNG$3.4M18,8390.54%-0.02pp18q+2398.5%+$3.2M
STATE STR SPDR S&P 500 ETF T OPTSPY$3.2Moptions only0.51%-newOPTIONS
BECTON DICKINSON & COBDX$3.2M20,8430.50%+0.15pp4q+61.5%+$1.2M
SCHWAB CHARLES CORPSCHW$3.1M33,3260.49%-0.06pp18q-0.5%-$16.9K
COSTCO WHOLESALE CORPORATIONCOST$2.9M3,0870.46%-0.08pp18qHELD
STATE STR SPDR S&P 500 ETF TSPY$2.7M3,5720.43%+0.01pp19q-3.0%-$81.4K
VANGUARD INDEX FDSVTI$2.6M7,0230.42%+0.01pp19q-1.3%-$35.2K
INVESCO QQQ TRQQQ$2.5M3,4280.40%+0.09pp18q+11.7%+$265.1K
SPDR INDEX SHS FDSGNR$2.5M36,9010.40%-0.08pp18q+1.3%+$32.6K
U HAUL HOLDING COMPANYUHALB$2.5M42,5970.39%+0.07pp14q+3.1%+$73.7K
MASTERCARD INCORPORATEDMA$2.5M4,7750.39%-0.02pp18q+0.6%+$14.4K
ISHARES TRTIP$2.4M22,2660.39%+0.18pp18q+105.0%+$1.2M
VANGUARD INDEX FDSVOO$2.3M3,3810.37%+0.06pp19q+13.8%+$280.9K
SELECT SECTOR SPDR TRXLV$2.3M14,4900.37%-0.01pp18qHELD
OCCIDENTAL PETE CORPOXY$2.3M46,9080.36%-0.17pp17qHELD
DEERE & CODE$2.1M3,3270.34%+0.01pp10qHELD
S&P GLOBAL INCSPGI$2.1M5,1760.34%-0.03pp18q+5.8%+$115.3K
RTX CORPORATIONRTX$2.1M10,8730.33%-0.04pp18qHELD
SALESFORCE INCCRM$2.1M13,1550.33%+0.06pp15q+62.6%+$793.2K
VANGUARD SCOTTSDALE FDSVCSH$2.0M25,2550.32%-0.03pp18q+1.1%+$20.8K
SELECT SECTOR SPDR TRXLK$2.0M10,2750.31%+0.07pp18q-1.5%-$29.7K
ISHARES GOLD TRUST MICROIAUM$1.9M47,2640.30%-0.01pp4q+25.0%+$378.6K
ABBVIE INCABBV$1.9M7,4920.30%+0.04pp18q+11.3%+$191.2K
VISA INCV$1.8M5,2720.29%+0.04pp12q+13.0%+$208.6K
NIKE INCNKE$1.7M42,1910.28%-0.13pp8q-2.9%-$52.3K
AMERIPRISE FINL INCAMP$1.7M3,7210.27%-0.02pp18q-0.7%-$11.9K
WISDOMTREE TRDXJ$1.6M9,4770.26%flat19qHELD
MGM RESORTS INTERNATIONALMGM$1.6M34,1810.26%+0.08pp6q+23.2%+$307.7K
ISHARES TRIJR$1.6M10,7340.25%+0.02pp18qHELD
WELLS FARGO & COWFC$1.5M18,3880.24%-0.10pp18q-24.4%-$491.5K
VANGUARD INDEX FDSVUG$1.5M16,9010.23%+0.05pp16q+625.4%+$1.3M
VANGUARD WORLD FDESGV$1.4M10,8270.23%+0.02pp4qHELD
ISHARES TRSHY$1.4M17,3950.23%-0.01pp18q+4.3%+$58.5K
VANGUARD INTL EQUITY INDEX FVWO$1.4M23,8390.23%flat18qHELD
ZOETIS INCZTS$1.4M19,6960.23%+0.16pp2q+504.4%+$1.2M
ALIBABA GROUP HLDG LTDBABA$1.4M14,6470.22%-0.09pp18q+2.1%+$28.8K
SPDR GOLD TRGLD$1.4M3,8130.22%-0.06pp18q+1.8%+$25.4K
NORFOLK SOUTHN CORPNSC$1.4M4,4090.22%-0.03pp18q-10.9%-$169.6K
VANGUARD INDEX FDSVOE$1.4M6,9390.22%-0.01pp18q-1.8%-$25.5K
MERCADOLIBRE INCMELI$1.4M7980.22%-newNEW
RBB FUND TRUSTFEOE$1.3M25,0520.21%+0.02pp3q+15.2%+$176.3K
GOLDMAN SACHS GROUP INCGS$1.3M1,3000.21%+0.05pp13q+23.9%+$253.9K
FIVE BELOW INCFIVE$1.3M7,0510.20%-0.08pp8q-1.5%-$19.8K
BLACKROCK INCBLK$1.3M1,3070.20%-0.02pp7qHELD
INVESCO EXCHANGE TRADED FD TRSP$1.2M5,8580.20%flat18qHELD
HOME DEPOT INCHD$1.2M3,5180.20%-0.06pp19q-22.1%-$352.7K
VANGUARD INTL EQUITY INDEX FVEU$1.2M13,8480.19%flat18qHELD
DANAHER CORP DELDHR$1.0M5,4820.17%-0.03pp11q-5.7%-$63.4K
EBAY INC.EBAY$1.0M9,3100.17%+0.02pp18qHELD
INTEL CORPINTC$1.0M7,4390.17%+0.09pp6q-21.0%-$276.1K
KKR & CO INCKKR$1.0M11,2460.17%-0.02pp18qHELD
ISHARES TRIVV$1.0M1,3780.17%+0.01pp19qHELD
VANECK ETF TRUSTGDX$1.0M13,6630.16%-0.06pp10qHELD
CHEVRON CORPORATIONCVX$1.0M6,2150.16%-0.04pp19q+12.3%+$113.0K
AMGEN INCAMGN$1.0M2,7860.16%-0.01pp18qHELD
PAYPAL HLDGS INCPYPL$1.0M23,3470.16%+0.08pp8q+122.5%+$554.9K
ARCH CAP GROUP LTDACGL$988.8K10,1870.16%-0.01pp10q+2.2%+$21.2K
COCA COLA COKO$972.4K11,9650.16%-0.01pp19q-0.5%-$5.1K
BROADCOM INCAVGO$964.8K2,5540.15%+0.01pp11qHELD
INTERCONTINENTAL EXCHANGE INICE$948.5K7,7050.15%-0.06pp16qHELD
CATERPILLAR INCCAT$945.6K8880.15%+0.04pp9q-0.7%-$6.4K
ROBLOX CORPRBLX$938.9K17,2650.15%+0.02pp14q+27.1%+$200.1K
SPDR SERIES TRUSTSPYM$932.1K10,6070.15%flat18q-4.4%-$43.0K
TAIWAN SEMICONDUCTOR MANUFACTSM$916.9K1,9200.15%+0.03pp7qHELD
STARBUCKS CORPSBUX$911.4K8,9190.15%+0.01pp18qHELD
UBER TECHNOLOGIES INCUBER$890.3K12,3380.14%+0.05pp2q+71.1%+$369.8K
VANGUARD INDEX FDSVO$884.2K10,9740.14%-0.02pp19q+249.4%+$631.1K
PROCTER & GAMBLE COPG$868.5K5,9230.14%-0.01pp18q-0.6%-$5.1K
ELI LILLY & COLLY$856.4K7140.14%+0.02pp12qHELD
CAPITAL ONE FINL CORPCOF$821.9K4,0970.13%+0.05pp9q+69.2%+$336.2K
ISHARES TREFA$804.3K7,7430.13%-0.01pp19q-1.2%-$10.1K
ASML HLDG NVASML$783.8K3940.13%+0.04pp5q+1.3%+$9.9K
TECK RESOURCES LTDTECK$775.3K13,0390.12%+0.01pp18qHELD
ISHARES TROEF$753.0K2,0580.12%flat18q-6.7%-$53.8K
BERKSHIRE HATHAWAY INC DELBRKA$748.9K10.12%-0.01pp18qHELD
NICE LTDNICE$717.7K7,9000.11%-0.01pp4q+20.3%+$121.0K
VANGUARD WORLD FDVGT$717.3K6,0020.11%+0.02pp15q+700.3%+$627.7K
BROOKFIELD ASSET MANAGMT LTDBAM$708.1K15,7890.11%-0.01pp14q-2.9%-$20.8K
PEOPLE INCPPLI$704.4K15,2600.11%+0.01pp18q+0.6%+$4.2K
COMCAST CORP NEWCMCSA$699.2K28,4800.11%-0.02pp7q+7.2%+$46.7K
WARNER BROS DISCOVERY INCWBD$663.6K24,8910.11%-0.01pp17qHELD
ISHARES TRIBB$653.6K3,4360.10%flat18qHELD
SOURCE CAPITALSOR$652.4K14,1910.10%-0.02pp6q-9.6%-$69.2K
LENNAR CORPLEN$645.0K7,1280.10%+0.01pp6q+23.3%+$121.7K
DISNEY WALT CODIS$643.7K6,6880.10%-0.07pp18q-35.1%-$347.5K
CITIGROUP INCC$641.0K4,5800.10%+0.01pp9qHELD
MORGAN STANLEYMS$638.6K3,0550.10%-newNEW
VANGUARD WORLD FDVSGX$618.9K7,5160.10%flat4qHELD
GE AEROSPACEGE$610.3K1,6330.10%+0.02pp10qHELD
ADVANCED MICRO DEVICES INCAMD$607.6K1,0460.10%-newNEW
SHELL PLCSHEL$586.9K7,5680.09%-0.05pp15q-11.5%-$76.6K
BLACKSTONE INCBX$584.7K4,9690.09%-0.01pp12qHELD
SELECT SECTOR SPDR TRXLU$579.9K12,7890.09%-0.01pp10qHELD
VANGUARD WORLD FDVPU$547.5K2,7970.09%-0.01pp18q+2.0%+$10.8K
VANGUARD INDEX FDSVB$532.0K1,7550.09%+0.01pp14q+11.9%+$56.4K
SELECT SECTOR SPDR TRXLI$525.7K2,8380.08%flat18q-0.8%-$4.3K
AUTOMATIC DATA PROCESSING INADP$522.7K2,3340.08%flat18qHELD
D R HORTON INCDHI$504.6K3,0980.08%+0.01pp6q+3.0%+$14.8K
SELECT SECTOR SPDR TRXLY$504.5K4,3020.08%flat18qHELD
GMO ETF TRUSTQLTY$500.2K12,0180.08%+0.02pp7q+22.9%+$93.2K
MERCK & CO INCMRK$493.8K3,8430.08%-0.01pp19q-11.1%-$61.7K
VANGUARD SPECIALIZED FUNDSVIG$489.6K2,0690.08%flat2q+1.9%+$9.0K
GREEN BRICK PARTNERS INCGRBK$481.0K6,0090.08%+0.03pp5q+47.6%+$155.1K
VANGUARD WHITEHALL FDSVYM$473.9K2,9990.08%+0.01pp15q+11.0%+$47.1K
ISHARES TRIWF$458.2K3,6900.07%+0.01pp15q+313.7%+$347.4K
WATERS CORPWAT$446.7K1,1910.07%flat2q-13.2%-$67.9K
ROYAL BK CDARY$444.2K2,1460.07%flat18q-11.7%-$59.0K
MCDONALDS CORPMCD$443.7K1,6410.07%-0.02pp18qHELD
KOREA FD INCKF$425.2K5,6540.07%-0.02pp6q-51.8%-$456.5K
BARRICK MNG CORPB$414.1K11,2730.07%-0.02pp5q-0.9%-$3.7K
FISERV INCFISV$406.8K8,2940.07%flat3q+24.4%+$79.9K
VANGUARD WORLD FDVDE$405.2K2,6990.06%-0.02pp18qHELD
INTERACTIVE BROKERS GROUP INIBKR$400.5K4,6010.06%+0.01pp5qHELD
WALMART INCWMT$400.3K3,5350.06%-0.01pp7q+1.2%+$4.6K
BANK OF NY MELLON CORPBNY$399.4K2,7620.06%+0.01pp7qHELD
VULCAN MATLS COVMC$396.2K1,3430.06%flat16qHELD
ISHARES TRIYE$394.8K6,9760.06%-0.02pp18qHELD
PALANTIR TECHNOLOGIES INCPLTR$389.3K3,3370.06%-0.02pp14qHELD
VANGUARD WORLD FDVHT$377.1K1,2610.06%-0.01pp18q-8.6%-$35.6K
ISHARES TRMUB$375.6K3,4900.06%-0.01pp18qHELD
LOCKHEED MARTIN CORPLMT$372.2K7310.06%-0.02pp6qHELD
REPUBLIC SVCS INCRSG$371.0K1,7410.06%-0.01pp10qHELD
ADOBE INCADBE$369.7K1,8030.06%+0.02pp2q+117.2%+$199.5K
TEXAS INSTRS INCTXN$367.5K1,2330.06%+0.02pp11qHELD
BRIGHTHOUSE FINL INCBHF$361.4K5,7100.06%flat18qHELD
LULULEMON ATHLETICA INCLULU$360.9K3,1610.06%-newNEW
STATE STR SPDR DOW JONES INDDIA$354.2K6780.06%flat15q-2.9%-$10.4K
ORACLE CORPORCL$349.0K2,3810.06%-0.03pp18q-29.7%-$147.3K
CAMECO CORPCCJ$346.5K3,4020.06%flat4q+13.4%+$40.9K
ISHARES TRIVW$344.0K2,5010.06%flat10q-11.8%-$45.8K
CISCO SYS INCCSCO$341.1K2,9040.05%+0.01pp7qHELD
CROCS INCCROX$336.3K2,7880.05%+0.01pp2qHELD
VANGUARD BD INDEX FDSBSV$335.3K4,3040.05%-0.01pp7qHELD
GE VERNOVA INCGEV$333.7K2840.05%+0.01pp2qHELD
ISHARES TREEM$328.3K4,7990.05%-0.01pp18q-19.9%-$81.5K
ISHARES TRIYJ$326.0K1,9560.05%flat15q-4.6%-$15.8K
VANGUARD ADMIRAL FDS INCIVOO$309.0K2,3700.05%flat11qHELD
NEW YORK TIMES CO MTN BENYT$305.3K4,3630.05%-0.02pp9qHELD
APPFOLIO INCAPPF$301.3K1,8790.05%flat2q+17.1%+$44.1K
ISHARES TRHDV$298.2K10,8800.05%flat10q+400.0%+$238.6K
KIMBERLY-CLARK CORPKMB$297.6K2,7110.05%flat2qHELD
CHENIERE ENERGY INCLNG$296.6K1,2410.05%-0.01pp9qHELD
APPLIED MATLS INCAMAT$294.3K4070.05%-newNEW
CREDIT ACCEP CORP MICHCACC$294.2K4620.05%-newNEW
ISHARES TRIDV$290.8K7,0180.05%-0.01pp6qHELD
THERMO FISHER SCIENTIFIC INCTMO$282.3K5630.05%-0.01pp18q-13.3%-$43.1K
CHARTER COMMUNICATIONS INCCHTR$280.9K1,9750.04%-0.03pp8q-1.5%-$4.4K
HCA HEALTHCARE INCHCA$278.2K7140.04%-newNEW
SELECT SECTOR SPDR TRXLB$272.9K5,3690.04%-0.01pp18q-3.5%-$9.8K
DIAMONDBACK ENERGY INCFANG$272.1K1,5480.04%-0.01pp18q-8.0%-$23.6K
ISHARES TRIJH$271.4K3,5200.04%flat13qHELD
UNITED STS BRENT OIL FD LPBNO$256.6K6,3050.04%-newNEW
ISHARES TRDVY$256.3K1,6400.04%flat11qHELD
ISHARES TRIEI$256.3K2,1820.04%-0.01pp18q-6.1%-$16.6K
NEXTERA ENERGY INCNEE$255.8K2,9140.04%-0.01pp10q-6.8%-$18.8K
ISHARES TRAOA$251.7K2,5790.04%flat5q+2.4%+$5.9K
UNION PAC CORPUNP$250.0K9190.04%flat8qHELD
TJX COS INC NEWTJX$246.0K1,6240.04%-0.01pp9qHELD
CONSOLIDATED EDISON INCED$244.5K2,2100.04%flat11qHELD
ANALOG DEVICES INCADI$239.5K6030.04%-newNEW
DECKERS OUTDOOR CORPDECK$233.0K2,3470.04%-newNEW
ENTERPRISE PRODS PARTNERS LEPD$230.0K6,2570.04%flat8qHELD
PUBLIC SVC ENTERPRISE GROUPPEG$228.1K2,8100.04%flat5qHELD
INVESCO EXCHANGE TRADED FD TPHO$225.3K3,2610.04%flat4qHELD
PEPSICO INCPEP$223.7K1,6520.04%-0.01pp18qHELD
MADISON SQUARE GRDN SPRT CORMSGS$222.6K5540.04%-newNEW
INVESCO EXCH TRADED FD TR IIIDHQ$221.8K5,0750.04%-newNEW
ISHARES TRIYW$220.7K8750.04%-newNEW
PARKER-HANNIFIN CORPPH$219.5K2240.04%-0.01pp5q-20.6%-$56.8K
OREILLY AUTOMOTIVE INCORLY$214.1K2,3250.03%flat6qHELD
VANECK ETF TRUSTGDXJ$212.4K2,1620.03%-0.01pp3q+12.0%+$22.8K
ABBOTT LABORATORIESABT$208.8K2,3010.03%-0.01pp7qHELD
CONSTELLATION ENERGY CORPCEG$203.5K8190.03%-0.01pp5qHELD
XYLEM INCXYL$202.4K1,7120.03%flat6qHELD
EMERSON ELEC COEMR$201.6K1,4080.03%-newNEW
AMBEV SAABEV$109.9K35,0000.02%flat18qHELD
VERTICAL AEROSPACE LTDEVTL$28.8K16,5560.00%flat4qHELD
AMERICAN RES CORPAREC$21.5K10,0000.00%flat12qHELD

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.

Insurance 13.0%Software & IT Services 11.8%Capital Markets 6.6%Banks & Lending 6.0%Retail & Consumer 4.4%Computer Hardware 4.3%Business Services 3.3%Real Estate 3.0%Semiconductors & Electronics 2.2%Biotech & Pharma 1.6%Funds & ETFs 1.5%Other sectors 5.4%Not classified 36.8%
 
SectorValueShare
Insurance$81.5M13.0%
Software & IT Services$73.8M11.8%
Capital Markets$41.4M6.6%
Banks & Lending$37.5M6.0%
Retail & Consumer$27.5M4.4%
Computer Hardware$26.9M4.3%
Business Services$20.8M3.3%
Real Estate$19.0M3.0%
Semiconductors & Electronics$13.9M2.2%
Biotech & Pharma$9.9M1.6%
Funds & ETFs$9.4M1.5%
Other sectors$33.6M5.4%
Not classified$230.0M36.8%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$625.2M210157048953.6%9
Q1 2026$568.5M204135257955.0%9
Q4 2025$534.5M20053970753.8%6
Q3 2025$518.3M202126042652.7%20
Q2 2025$466.2M196167943553.4%8
Q1 2025$429.9M1851453481155.4%11
Q4 2024$426.5M1821157451055.8%15
Q3 2024$422.2M181155643254.1%7
Q2 2024$387.2M16886932554.8%12
Q1 2024$371.1M165145842253.7%15
Q4 2023$331.2M153135335654.7%12
Q3 2023$302.7M14663049455.7%11
Q2 2023$307.6M14455531255.4%13
Q1 2023$287.4M141115834855.1%10
Q4 2022$256.6M138162650854.5%18
Q3 2022$253.1M13034727556.1%21
Q2 2022$261.5M132759271354.1%40
Q1 2022$291.2M13810719125454.1%35
Q4 2021$119.2M85000049.6%42

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.