Vertex Planning Partners, LLC
Reported holdings as of Q2 2026, from 15 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 |
|---|---|---|---|---|---|---|---|
| SPDR SERIES TRUST | SPYM | $108.5M | 1,234,572 | +1.98pp | 15q | +29.9%+$25.0M | |
| J P MORGAN EXCHANGE TRADED F | JQUA | $49.7M | 688,073 | -0.01pp | 14q | +10.8%+$4.8M | |
| WISDOMTREE TR | USFR | $39.0M | 774,263 | -2.95pp | 15q | -13.4%-$6.0M | |
| ISHARES TR | TFLO | $38.7M | 763,672 | -4.47pp | 15q | -26.5%-$13.9M | |
| BLACKROCK ETF TRUST | DYNF | $32.5M | 478,583 | +0.53pp | 10q | +25.6%+$6.6M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $28.1M | 37,639 | +1.54pp | 15q | +80.8%+$12.6M | |
| APPLE INC | AAPL | $27.2M | 93,981 | -0.28pp | 15q | +7.2%+$1.8M | |
| SPDR SERIES TRUST | SPYG | $23.0M | 193,662 | +0.29pp | 12q | +17.4%+$3.4M | |
| J P MORGAN EXCHANGE TRADED F | JTEK | $20.4M | 182,483 | +0.59pp | 9q | +16.1%+$2.8M | |
| BLACKROCK ETF TRUST | BIDD | $18.8M | 626,308 | -0.16pp | 7q | +17.1%+$2.7M | |
| ISHARES TR | HEFA | $14.2M | 301,850 | -0.02pp | 7q | +17.5%+$2.1M | |
| ISHARES TR | IUSB | $12.1M | 262,029 | +0.66pp | 15q | +106.2%+$6.2M | |
| PGIM ETF TR | PULS | $11.7M | 236,284 | -0.10pp | 7q | +23.6%+$2.2M | |
| WISDOMTREE TR | DTD | $10.9M | 117,050 | -0.06pp | 15q | +17.0%+$1.6M | |
| BLACKROCK ETF TRUST II | BINC | $10.4M | 199,498 | +0.05pp | 10q | +34.3%+$2.7M | |
| SPDR INDEX SHS FDS | SPDW | $10.3M | 205,247 | +0.56pp | 15q | +87.3%+$4.8M | |
| ISHARES INC | HEEM | $9.6M | 213,736 | +0.09pp | 7q | +15.4%+$1.3M | |
| BLACKROCK ETF TRUST | BAI | $9.0M | 171,060 | +0.33pp | 5q | +8.0%+$670.3K | |
| J P MORGAN EXCHANGE TRADED F | JMST | $8.0M | 157,816 | -0.35pp | 15q | +0.9%+$72.2K | |
| INVESCO EXCH TRADED FD TR II | SPMO | $7.3M | 45,415 | +0.10pp | 7q | HELD | |
| SPDR SERIES TRUST | SPAB | $7.3M | 286,978 | +0.12pp | 2q | +47.8%+$2.4M | |
| AMERICAN CENTY ETF TR | AVEM | $6.6M | 68,202 | -0.01pp | 4q | +8.3%+$505.0K | |
| SPDR SERIES TRUST | SPYV | $6.6M | 107,805 | +0.36pp | 15q | +93.2%+$3.2M | |
| ISHARES INC | EMXC | $6.5M | 63,292 | +0.25pp | 15q | +35.0%+$1.7M | |
| ABBVIE INC | ABBV | $6.3M | 24,972 | +0.33pp | 15q | +76.3%+$2.7M | |
| ISHARES INC | IEMG | $6.2M | 74,258 | +0.72pp | 14q | +418.2%+$5.0M | |
| INVESCO QQQ TR | QQQ | $5.9M | 8,031 | - | new | NEW | |
| SPDR SERIES TRUST | BIL | $5.6M | 60,982 | -0.14pp | 14q | +11.6%+$580.4K | |
| BLACKROCK ETF TRUST | THRO | $5.5M | 127,796 | -0.13pp | 5q | -5.5%-$317.7K | |
| GLOBAL X FDS | SHLD | $5.2M | 87,750 | +0.04pp | 4q | +64.0%+$2.0M | |
| COLUMBIA ETF TR II | XCEM | $5.2M | 98,505 | +0.03pp | 11q | +5.5%+$271.9K | |
| BLACKROCK ETF TRUST | BLCR | $5.1M | 101,223 | +0.10pp | 2q | +22.5%+$935.7K | |
| BANK MONTREAL MEDIUM | BMO | $4.9M | 27,959 | -0.11pp | 8q | -12.5%-$706.8K | |
| ISHARES TR | GOVT | $4.5M | 196,731 | +0.12pp | 5q | +60.2%+$1.7M | |
| SPDR SERIES TRUST | SPMB | $4.4M | 197,532 | +0.05pp | 15q | +42.3%+$1.3M | |
| PROFESIONALLY MANAGED PORTFO | AKRE | $3.4M | 63,828 | -0.15pp | 3q | HELD | |
| ISHARES TR | IAGG | $3.3M | 65,043 | -0.05pp | 5q | +18.4%+$511.5K | |
| INVESCO EXCH TRADED FD TR II | TBLL | $3.3M | 74,960 | +0.23pp | 2q | +100.1%+$1.6M | |
| SPDR SERIES TRUST | SPTI | $3.2M | 111,404 | +0.04pp | 15q | +44.2%+$969.5K | |
| NEW YORK LIFE INVTS ACTIVE E | MMIN | $3.1M | 128,723 | -0.07pp | 15q | +10.3%+$291.0K | |
| BLACKROCK ETF TRUST II | SHYM | $3.1M | 135,923 | -0.05pp | 9q | +16.3%+$428.3K | |
| BLACKROCK ETF TRUST | IALT | $2.8M | 100,601 | - | new | NEW | |
| PIMCO ETF TR | MUNI | $2.7M | 52,023 | -0.06pp | 15q | +13.5%+$326.2K | |
| SELECT SECTOR SPDR TR | XLK | $2.7M | 14,070 | +0.10pp | 15q | +21.9%+$480.9K | |
| SPDR SERIES TRUST | BILS | $2.4M | 24,640 | -0.08pp | 14q | +8.1%+$184.2K | |
| WORLD GOLD TR | GLDM | $2.3M | 29,047 | -0.06pp | 7q | +29.6%+$527.0K | |
| ISHARES TR | QUAL | $2.3M | 10,415 | -0.35pp | 15q | -43.4%-$1.8M | |
| ISHARES TR | IDEV | $2.0M | 22,516 | -1.02pp | 2q | -72.2%-$5.2M | |
| SPDR SERIES TRUST | SPTM | $1.7M | 18,329 | +0.10pp | 15q | +88.1%+$779.2K | |
| ISHARES TR | STIP | $1.5M | 15,000 | -0.03pp | 12q | +14.8%+$197.6K | |
| INVESCO EXCHANGE TRADED FD T | RPG | $1.5M | 23,608 | +0.01pp | 15q | HELD | |
| CME GROUP INC | CME | $1.5M | 6,785 | -0.17pp | 7q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.4M | 6,738 | -0.07pp | 14q | -10.8%-$173.2K | |
| AMAZON COM INC | AMZN | $1.4M | 5,931 | - | new | NEW | |
| ISHARES TR | IEFA | $1.3M | 13,618 | -0.01pp | 15q | +17.5%+$195.9K | |
| DIMENSIONAL ETF TRUST | DFAU | $1.3M | 25,320 | -0.03pp | 12q | HELD | |
| ALPHABET INC | GOOGL | $1.2M | 3,428 | +0.03pp | 11q | +22.1%+$221.6K | |
| ISHARES TR | IXUS | $1.2M | 12,552 | +0.09pp | 6q | +143.7%+$706.4K | |
| ALPHABET INC | GOOG | $1.1M | 3,241 | +0.03pp | 11q | +24.6%+$226.1K | |
| SPDR GOLD TR | GLD | $1.1M | 3,065 | -0.09pp | 14q | -2.3%-$26.5K | |
| VANECK ETF TRUST | SMH | $1.1M | 1,706 | +0.09pp | 5q | +69.4%+$458.6K | |
| NVIDIA CORPORATION | NVDA | $1.1M | 5,535 | +0.02pp | 11q | +33.2%+$276.1K | |
| SELECT SECTOR SPDR TR | XLI | $1.1M | 5,799 | -0.03pp | 15q | -1.6%-$18.0K | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $1.1M | 1,522 | +0.05pp | 15q | +70.8%+$443.9K | |
| ABBOTT LABORATORIES | ABT | $1.1M | 11,734 | -0.08pp | 15q | -1.7%-$19.0K | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,247 | -0.02pp | 13q | +4.6%+$46.8K | |
| BLACKROCK ETF TRUST | BDYN | $1.0M | 37,501 | -0.02pp | 4q | +2.4%+$24.3K | |
| ISHARES TR | SYSB | $989.6K | 11,154 | +0.01pp | 2q | +40.4%+$285.0K | |
| ISHARES TR | VLUE | $896.2K | 4,485 | +0.05pp | 2q | +47.3%+$288.0K | |
| SPDR SERIES TRUST | SPSM | $886.8K | 15,377 | +0.06pp | 15q | +95.8%+$433.8K | |
| PACER FDS TR | COWZ | $844.9K | 13,583 | -0.04pp | 14q | HELD | |
| T ROWE PRICE EXCHANGE-TRADED | TOUS | $838.8K | 21,861 | -0.02pp | 4q | +0.8%+$6.7K | |
| INVESCO EXCHANGE TRADED FD T | XLG | $788.3K | 12,874 | -0.05pp | 6q | -19.4%-$189.8K | |
| SPDR SERIES TRUST | SPMD | $769.2K | 11,385 | +0.05pp | 15q | +99.7%+$383.9K | |
| INVESCO EXCHANGE TRADED FD T | PRFZ | $733.3K | 13,149 | +0.05pp | 15q | +86.7%+$340.6K | |
| ISHARES TR | USMV | $649.6K | 6,734 | -0.02pp | 15q | +2.7%+$17.0K | |
| INVESCO EXCHANGE TRADED FD T | SPHQ | $633.6K | 7,032 | - | new | NEW | |
| AMGEN INC | AMGN | $613.8K | 5,003 | +0.05pp | 13q | +662.7%+$533.3K | |
| ADVANCED MICRO DEVICES INC | AMD | $601.2K | 1,035 | - | new | NEW | |
| ISHARES U S ETF TR | MEAR | $592.3K | 11,756 | -0.01pp | 6q | +22.8%+$109.9K | |
| PARSONS CORP DEL | PSN | $590.4K | 11,270 | +0.03pp | 7q | +100.0%+$295.2K | |
| EXXON MOBIL CORP | XOMXXXX | $585.0K | 4,279 | flat | 15q | +64.5%+$229.3K | |
| PGIM ETF TR | PAAA | $583.2K | 11,376 | -0.03pp | 4q | -3.0%-$18.3K | |
| COSTCO WHOLESALE CORPORATION | COST | $547.2K | 585 | -0.03pp | 15q | +1.2%+$6.5K | |
| INTUITIVE SURGICAL INC | ISRG | $546.8K | 1,375 | +0.01pp | 13q | +78.6%+$240.6K | |
| INVESCO EXCH TRADED FD TR II | PXF | $543.1K | 7,180 | +0.02pp | 15q | +64.5%+$212.9K | |
| VANGUARD WORLD FD | VGT | $540.1K | 4,519 | +0.01pp | 15q | +822.2%+$481.5K | |
| BP PLC | BP | $538.8K | 14,583 | -0.07pp | 11q | -12.7%-$78.7K | |
| T ROWE PRICE EXCHANGE-TRADED | TGRT | $527.8K | 11,544 | flat | 6q | +16.9%+$76.2K | |
| WISDOMTREE TR | DON | $513.9K | 9,093 | -0.02pp | 14q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $510.3K | 9,519 | -0.02pp | 4q | -8.8%-$49.3K | |
| SPDR SERIES TRUST | SPTL | $509.9K | 19,439 | +0.02pp | 2q | +77.1%+$222.0K | |
| SELECT SECTOR SPDR TR | XLV | $502.2K | 3,165 | -0.04pp | 15q | -19.4%-$120.9K | |
| WISDOMTREE TR | DTH | $497.8K | 9,200 | -0.02pp | 15q | -1.4%-$6.9K | |
| PIMCO ETF TR | STPZ | $477.8K | 8,958 | -0.02pp | 14q | HELD | |
| SPDR SERIES TRUST | TFI | $465.8K | 10,171 | -0.01pp | 15q | +14.3%+$58.4K | |
| MAIN STR CAP CORP | MAIN | $445.3K | 8,583 | -0.02pp | 8q | HELD | |
| VANGUARD WORLD FD | VDC | $439.7K | 1,950 | -0.02pp | 15q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $437.8K | 10,341 | -0.03pp | 15q | +4.4%+$18.6K | |
| DIMENSIONAL ETF TRUST | DFAT | $436.9K | 6,250 | -0.01pp | 6q | -3.2%-$14.4K | |
| META PLATFORMS INC | META | $428.1K | 760 | flat | 12q | +43.1%+$129.0K | |
| ETF SER SOLUTIONS | BGIG | $425.7K | 11,862 | -0.02pp | 2q | -8.1%-$37.6K | |
| VANGUARD WORLD FD | VHT | $425.5K | 1,423 | -0.01pp | 15q | HELD | |
| ORACLE CORP | ORCL | $415.5K | 2,835 | flat | 7q | +33.1%+$103.3K | |
| GLOBAL X FDS | QYLD | $412.6K | 22,385 | -0.01pp | 13q | HELD | |
| BLACKROCK ETF TRUST | BDVL | $401.3K | 15,448 | -0.01pp | 2q | +2.4%+$9.4K | |
| SPDR INDEX SHS FDS | SPEM | $392.0K | 7,571 | -0.01pp | 15q | -2.3%-$9.4K | |
| SANDISK CORP | SNDK | $391.1K | 172 | - | new | NEW | |
| CARDINAL HEALTH INC | CAH | $385.6K | 1,623 | -0.01pp | 6q | HELD | |
| JANUS DETROIT STR TR | JAAA | $382.1K | 7,569 | -0.02pp | 11q | -8.2%-$33.9K | |
| SPDR SERIES TRUST | SDY | $379.8K | 2,496 | -0.01pp | 15q | HELD | |
| BROADCOM INC | AVGO | $373.1K | 988 | +0.01pp | 8q | +40.1%+$106.9K | |
| AMERICAN CENTY ETF TR | AVUV | $371.7K | 2,980 | - | new | NEW | |
| CISCO SYS INC | CSCO | $364.8K | 3,106 | +0.01pp | 7q | +1.6%+$5.8K | |
| ABRDN PRECIOUS METALS BASKET | GLTR | $364.1K | 2,010 | -0.03pp | 7q | HELD | |
| WISDOMTREE TR | DEW | $364.1K | 5,300 | -0.01pp | 15q | +5.3%+$18.3K | |
| MCKESSON CORP | MCK | $356.6K | 472 | -0.03pp | 13q | HELD | |
| BLACKSTONE INC | BX | $350.2K | 2,976 | -0.01pp | 8q | +0.7%+$2.4K | |
| ISHARES TR | ESGU | $344.9K | 2,107 | -0.01pp | 10q | HELD | |
| DIMENSIONAL ETF TRUST | DFAE | $342.1K | 8,509 | -0.01pp | 4q | -3.5%-$12.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $322.3K | 644 | flat | 11q | +37.6%+$88.1K | |
| SELECT SECTOR SPDR TR | XLRE | $319.4K | 7,255 | - | new | NEW | |
| BLACKROCK ETF TRUST | $314.2K | 12,263 | - | new | NEW | ||
| CAPITAL GROUP DIVIDEND VALUE | CGDV | $309.3K | 6,276 | - | new | NEW | |
| DIMENSIONAL ETF TRUST | DFAI | $303.7K | 7,363 | -0.01pp | 5q | -6.4%-$20.6K | |
| NEXTERA ENERGY INC | NEE | $298.1K | 3,396 | -0.02pp | 15q | +0.5%+$1.6K | |
| CAPITAL GROUP GBL GROWTH EQT | CGGO | $291.0K | 6,874 | flat | 5q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $287.7K | 2,312 | -0.05pp | 3q | HELD | |
| NEW YORK LIFE INVTS ACTIVE E | MMIT | $284.5K | 11,685 | -0.01pp | 15q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONG | $282.1K | 2,207 | -0.01pp | 5q | HELD | |
| ALTRIA GROUP INC | MO | $281.9K | 3,919 | flat | 7q | +7.3%+$19.3K | |
| DIMENSIONAL ETF TRUST | DFAC | $275.3K | 6,205 | -0.01pp | 3q | HELD | |
| AT&T INC | T | $273.1K | 13,192 | -0.02pp | 8q | +25.1%+$54.7K | |
| AB ACTIVE ETFS INC | FWD | $271.7K | 1,834 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | PRN | $270.5K | 1,037 | - | new | NEW | |
| TESLA INC | TSLA | $269.6K | 641 | - | new | NEW | |
| FIRST TR EXCHNG TRADED FD VI | FFEB | $265.3K | 4,350 | - | new | NEW | |
| BLACKROCK ETF TRUST | LCTU | $260.0K | 3,243 | -0.01pp | 5q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $258.9K | 4,874 | flat | 2q | +43.6%+$78.7K | |
| VANGUARD WORLD FD | VFH | $257.8K | 1,959 | - | new | NEW | |
| ISHARES TR | MTUM | $257.8K | 752 | - | new | NEW | |
| PERFORMANCE FOOD GROUP CO | PFGC | $257.6K | 2,304 | - | new | NEW | |
| SPDR SERIES TRUST | CWB | $255.9K | 2,373 | flat | 4q | +4.5%+$11.1K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $253.7K | 1,133 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | PWB | $247.5K | 1,469 | - | new | NEW | |
| ISHARES TR | IGEB | $244.7K | 5,425 | - | new | NEW | |
| WISDOMTREE TR | DLN | $244.1K | 2,534 | -0.01pp | 6q | HELD | |
| VANGUARD WORLD FD | VIS | $241.5K | 670 | flat | 2q | HELD | |
| FIRST TR EXCHNG TRADED FD VI | DNOV | $240.1K | 4,676 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | PPA | $233.8K | 1,324 | - | new | NEW | |
| J P MORGAN EXCHANGE TRADED F | JMOM | $231.6K | 2,711 | - | new | NEW | |
| BONDBLOXX ETF TRUST | XTEN | $225.5K | 4,947 | -0.30pp | 6q | -87.0%-$1.5M | |
| FIRST TR EXCHANGE-TRADED FD | LEGR | $224.9K | 3,500 | -0.01pp | 3q | HELD | |
| T ROWE PRICE EXCHANGE-TRADED | TCAF | $224.8K | 5,470 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | RWL | $218.0K | 1,706 | - | new | NEW | |
| INVESCO EXCHANGE TRADED FD T | PKW | $212.5K | 1,500 | - | new | NEW | |
| SPDR INDEX SHS FDS | RWO | $203.1K | 4,086 | - | new | NEW | |
| ISHARES TR | IEUR | $200.6K | 2,668 | -0.02pp | 2q | -33.1%-$99.2K |
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 |
|---|---|---|
| Funds & ETFs | $35.5M | 5.3% |
| Computer Hardware | $28.0M | 4.2% |
| Other sectors | $32.0M | 4.7% |
| Not classified | $578.0M | 85.8% |
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 | +10.7% | +14.8% | -4.1% | 101% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 102% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.5% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.7% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.4% | 100% |
| Q4 2024 | +0.4% | +2.1% | -1.7% | 100% |
| Q3 2024 | +4.7% | +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 |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $673.5M | 158 | 27 | 81 | 24 | 4 | 57.3% | 45 |
| Q1 2026 | $514.9M | 135 | 14 | 59 | 26 | 9 | 60.3% | 45 |
| Q4 2025 | $430.4M | 130 | 7 | 47 | 50 | 77 | 58.4% | 48 |
| Q3 2025 | $521.4M | 200 | 16 | 88 | 43 | 4 | 46.4% | 49 |
| Q2 2025 | $479.0M | 188 | 15 | 65 | 54 | 7 | 47.4% | 44 |
| Q1 2025 | $458.1M | 180 | 15 | 71 | 56 | 16 | 49.2% | 44 |
| Q4 2024 | $453.3M | 181 | 23 | 93 | 30 | 2 | 49.9% | 43 |
| Q3 2024 | $418.3M | 160 | 9 | 57 | 42 | 2 | 56.0% | 38 |
| Q2 2024 | $385.4M | 153 | 6 | 54 | 49 | 6 | 57.7% | 44 |
| Q1 2024 | $361.5M | 153 | 11 | 42 | 66 | 13 | 61.5% | 43 |
| Q4 2023 | $337.6M | 155 | 24 | 77 | 30 | 4 | 64.9% | 45 |
| Q3 2023 | $290.5M | 135 | 9 | 42 | 48 | 9 | 64.9% | 45 |
| Q2 2023 | $293.6M | 135 | 16 | 71 | 20 | 1 | 62.3% | 45 |
| Q1 2023 | $265.7M | 120 | 13 | 47 | 47 | 33 | 64.6% | 46 |
| Q4 2022 | $256.4M | 140 | 0 | 0 | 0 | 0 | 62.9% | 37 |
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.