Breakwater Capital Group

Reported holdings as of Q3 2026, from 16 quarterly filings.

CIK

1964309

Reported value

$844.1M

Positions

389

Top 10 weight

26.4%

Filed

2026-10-09

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
J P MORGAN EXCHANGE TRADED F	JQUA	$33.4M	452,494	3.96%	+0.10pp	16q	+1.9%+$619.5K
APPLE INC PUT	AAPL	$27.0M	80,130	3.19%	+0.27pp	16q	-3.7%-$1.0M
VANGUARD WORLD FD	MGV	$26.5M	164,589	3.14%	+0.02pp	12q	+3.6%+$921.8K
ISHARES TR	IWF	$24.5M	195,640	2.90%	+0.09pp	16q	+3.4%+$815.4K
INVESCO EXCHANGE TRADED FD T	PRF	$24.0M	440,276	2.84%	-0.05pp	16q	-1.3%-$314.9K
INVESCO EXCHANGE TRADED FD T	RSP	$20.4M	98,246	2.42%	-0.08pp	16q	HELD
ISHARES TR	IVV	$19.6M	25,609	2.32%	+0.03pp	16q	HELD
VANGUARD INDEX FDS	VTV	$16.3M	75,541	1.93%	-0.04pp	16q	HELD
ISHARES TR	IQLT	$16.1M	324,762	1.90%	+0.08pp	13q	+5.8%+$885.3K
ISHARES TR	IWD	$14.9M	60,249	1.77%	-0.02pp	16q	-2.1%-$313.9K
BLACKROCK ETF TRUST II	BINC	$13.2M	259,389	1.56%	-0.53pp	10q	-22.2%-$3.8M
PIMCO ETF TR	PYLD	$13.0M	512,052	1.54%	+0.11pp	10q	+13.9%+$1.6M
MICROSOFT CORP PUT	MSFT	$12.4M	23,504	1.46%	+0.40pp	16q	+1.4%+$172.0K
SCHWAB STRATEGIC TR	FNDX	$11.6M	368,368	1.37%	+0.16pp	9q	+13.0%+$1.3M
VANGUARD INDEX FDS	VOO	$11.2M	15,963	1.33%	+0.01pp	16q	HELD
SPDR SERIES TRUST	SPYG	$11.1M	89,907	1.31%	+0.03pp	16q	HELD
INVESCO EXCH TRADED FD TR II	PXF	$10.0M	130,622	1.18%	+0.10pp	16q	+10.0%+$908.8K
ISHARES TR	FALN	$9.9M	379,907	1.17%	-0.09pp	16q	-1.5%-$151.8K
SCHWAB STRATEGIC TR	FNDC	$9.8M	196,307	1.16%	+0.05pp	16q	+2.8%+$265.2K
INVESCO EXCH TRADED FD TR II	IPKW	$9.5M	160,008	1.12%	+0.12pp	8q	+7.4%+$653.2K
TCW ETF TRUST	FLXR	$8.5M	225,392	1.01%	+0.97pp	2q	+2591.9%+$8.2M
ISHARES TR	IWB	$8.2M	19,645	0.97%	+0.02pp	16q	+1.5%+$120.7K
COLUMBIA ETF TR II	XCEM	$8.1M	158,266	0.96%	-0.04pp	16q	+0.5%+$43.0K
NVIDIA CORPORATION PUT	NVDA	$7.4M	30,546	0.88%	+0.15pp	16q	HELD
AMAZON COM INC	AMZN	$7.4M	29,656	0.88%	+0.03pp	16q	+0.8%+$55.1K
VANGUARD MALVERN FDS	VTIP	$7.3M	148,807	0.87%	flat	15q	+3.8%+$269.6K
DIMENSIONAL ETF TRUST	DFEV	$6.8M	159,781	0.80%	+0.04pp	16q	+6.7%+$422.6K
ISHARES TR	QUAL	$6.6M	29,547	0.78%	-0.01pp	16q	-1.3%-$88.2K
SPDR SERIES TRUST	SPIB	$6.5M	201,557	0.77%	+0.13pp	13q	+27.0%+$1.4M
AMERICAN CENTY ETF TR	AVEM	$6.5M	69,083	0.77%	+0.05pp	10q	+11.7%+$678.6K
ISHARES TR	DIVB	$6.4M	99,250	0.76%	+0.01pp	16q	-1.5%-$94.4K
INVESCO EXCH TRADED FD TR II	XSHQ	$6.3M	140,087	0.75%	-0.07pp	14q	HELD
FIDELITY COVINGTON TRUST	FESM	$6.2M	137,686	0.73%	+0.05pp	4q	+17.6%+$926.2K
DIMENSIONAL ETF TRUST	DFAI	$6.1M	146,411	0.72%	+0.04pp	10q	+7.3%+$411.5K
WISDOMTREE TR	EZM	$5.8M	81,381	0.69%	-0.02pp	16q	+4.6%+$257.5K
TRANE TECHNOLOGIES PLC	TT	$5.8M	12,848	0.69%	-0.06pp	16q	+1.6%+$92.7K
DIMENSIONAL ETF TRUST	DFIV	$5.6M	100,137	0.66%	+0.01pp	16q	HELD
ALPHABET INC	GOOG	$5.5M	16,091	0.65%	-0.04pp	16q	-1.7%-$94.4K
CAMBRIA ETF TR	SYLD	$5.4M	66,500	0.63%	-0.03pp	16q	-5.1%-$286.7K
ISHARES TR	EFG	$5.2M	43,543	0.62%	flat	16q	+5.0%+$246.6K
ISHARES TR	IJH	$5.1M	71,389	0.61%	-0.03pp	16q	+2.7%+$134.5K
VANGUARD WORLD FD	MGK	$5.1M	54,840	0.60%	+0.03pp	16q	+1.8%+$88.2K
INVESCO EXCHANGE TRADED FD T	XMMO	$4.9M	33,316	0.58%	-0.01pp	7q	+14.7%+$627.9K
ISHARES TR	IUSV	$4.9M	44,153	0.58%	-0.02pp	16q	-1.6%-$79.4K
STATE STR SPDR S&P MIDCAP 40	MDY	$4.8M	7,339	0.57%	-0.04pp	16q	+0.6%+$27.6K
ISHARES TR	IVW	$4.6M	32,352	0.55%	+0.04pp	16q	+5.2%+$229.0K
JANUS DETROIT STR TR	JAAA	$4.6M	90,953	0.54%	+0.06pp	10q	+12.8%+$521.9K
ISHARES TR	IGIB	$4.3M	86,310	0.51%	-0.02pp	15q	+3.8%+$158.0K
STATE STR SPDR S&P 500 ETF T	SPY	$4.3M	5,678	0.51%	+0.01pp	16q	+1.2%+$52.6K
JPMORGAN CHASE & CO	JPM	$4.2M	12,797	0.50%	-0.05pp	16q	-8.6%-$399.3K
VANGUARD SCOTTSDALE FDS	VCIT	$3.9M	49,966	0.46%	flat	16q	+7.6%+$275.5K
ISHARES TR	IJR	$3.9M	28,513	0.46%	-0.04pp	16q	+1.1%+$43.5K
DIMENSIONAL ETF TRUST	DFAE	$3.7M	94,948	0.44%	flat	16q	+3.6%+$130.0K
BERKSHIRE HATHAWAY INC DEL	BRKB	$3.6M	7,302	0.43%	-0.02pp	16q	-3.0%-$111.0K
VANECK ETF TRUST	ANGL	$3.6M	130,176	0.43%	flat	13q	+6.3%+$213.5K
ORACLE CORP	ORCL	$3.6M	25,984	0.42%	-0.06pp	16q	-6.1%-$232.7K
SPDR SERIES TRUST	SPSM	$3.5M	66,117	0.41%	-0.04pp	16q	+0.5%+$18.8K
SPDR SERIES TRUST	SPMD	$3.5M	54,838	0.41%	flat	9q	+9.1%+$289.5K
ALPHABET INC	GOOGL	$3.3M	9,702	0.40%	-0.03pp	16q	-1.5%-$49.5K
ISHARES TR	STIP	$3.3M	33,157	0.39%	-0.01pp	16q	+1.4%+$45.1K
SCHWAB STRATEGIC TR	FNDA	$3.3M	93,706	0.39%	-0.01pp	7q	+7.7%+$235.6K
SPDR SERIES TRUST	XBI	$3.2M	20,157	0.38%	flat	11q	+2.5%+$79.0K
JANUS DETROIT STR TR	JSMD	$3.1M	34,842	0.37%	-0.04pp	16q	+2.5%+$75.5K
ELI LILLY & CO	LLY	$3.1M	2,683	0.37%	-0.03pp	16q	-2.1%-$67.1K
INVESCO EXCHANGE TRADED FD T	PRFZ	$3.1M	59,025	0.37%	-0.03pp	6q	HELD
BLACKROCK MUNIHLDGS NJ QLTY	MUJ	$3.1M	270,992	0.36%	+0.01pp	13q	+12.9%+$349.6K
PGIM ETF TR	PAAA	$2.9M	57,050	0.35%	+0.05pp	6q	+18.2%+$449.7K
INVESCO EXCHANGE TRADED FD T	PKW	$2.9M	20,395	0.35%	-0.01pp	14q	-2.4%-$72.0K
ISHARES TR	SCZ	$2.9M	33,898	0.34%	+0.01pp	16q	+3.1%+$85.2K
ISHARES TR	IGEB	$2.9M	66,869	0.34%	-0.40pp	10q	-50.8%-$3.0M
PUTNAM ETF TRUST	PVAL	$2.9M	54,360	0.34%	+0.06pp	5q	+20.2%+$481.2K
INVESCO QQQ TR	QQQ	$2.8M	3,761	0.33%	+0.05pp	16q	+19.6%+$455.6K
INVESCO EXCH TRADED FD TR II	IDHQ	$2.8M	64,368	0.33%	-0.01pp	16q	-1.6%-$44.3K
SPDR SERIES TRUST	SPYV	$2.8M	45,158	0.33%	-0.01pp	16q	-3.0%-$86.5K
INVESCO EXCHANGE TRADED FD T	SPGP	$2.7M	23,108	0.33%	-0.03pp	16q	-4.3%-$123.5K
VANGUARD WHITEHALL FDS	VIGI	$2.7M	28,990	0.32%	flat	16q	HELD
ANGEL OAK FUNDS TRUST	AOHY	$2.6M	246,528	0.31%	+0.16pp	2q	+119.6%+$1.4M
FIDELITY COVINGTON TRUST	FENI	$2.5M	63,883	0.30%	+0.01pp	12q	+6.2%+$148.5K
META PLATFORMS INC	META	$2.5M	3,502	0.30%	+0.08pp	15q	+8.4%+$195.8K
ISHARES INC	EWJ	$2.5M	25,808	0.30%	+0.05pp	13q	+16.1%+$349.2K
VANECK ETF TRUST	CLOI	$2.4M	45,530	0.29%	+0.04pp	6q	+17.7%+$362.4K
ISHARES TR	EFV	$2.4M	29,905	0.28%	+0.01pp	16q	HELD
ISHARES TR	IJJ	$2.3M	16,463	0.27%	-0.02pp	16q	+1.1%+$24.1K
MARVELL TECHNOLOGY INC	MRVL	$2.2M	8,458	0.26%	-0.05pp	13q	-4.0%-$93.8K
J P MORGAN EXCHANGE TRADED F	JMUB	$2.2M	46,734	0.26%	-0.03pp	8q	-2.4%-$54.2K
DIMENSIONAL ETF TRUST	DFEM	$2.2M	55,631	0.26%	-0.01pp	6q	+1.4%+$29.5K
ISHARES TR	IVLU	$2.2M	50,966	0.26%	+0.01pp	9q	+1.9%+$40.6K
AMERICAN CENTY ETF TR	AVDV	$2.2M	19,914	0.26%	+0.02pp	9q	+5.3%+$109.6K
CITIGROUP INC	C	$2.2M	16,757	0.26%	-0.02pp	16q	HELD
GE AEROSPACE	GE	$2.1M	6,851	0.25%	-0.08pp	16q	-8.8%-$206.7K
PROSHARES TR	NOBL	$2.1M	39,513	0.25%	-0.01pp	16q	+2.1%+$44.7K
VANGUARD INDEX FDS	VUG	$2.1M	23,475	0.25%	+0.01pp	16q	HELD
VANGUARD TAX-MANAGED FDS	VEA	$2.1M	29,878	0.25%	-0.01pp	16q	HELD
WISDOMTREE TR	DNL	$2.1M	46,993	0.25%	-0.01pp	16q	+1.6%+$33.8K
VANGUARD BD INDEX FDS	BIV	$2.1M	28,293	0.24%	-0.02pp	13q	-1.2%-$25.9K
BANK OF AMER CORP	BAC	$2.0M	37,608	0.24%	-0.02pp	16q	-2.6%-$55.5K
INVESCO EXCHANGE TRADED FD T	RPV	$2.0M	17,567	0.24%	-0.01pp	15q	-2.4%-$50.1K
J P MORGAN EXCHANGE TRADED F	JPIE	$2.0M	43,912	0.23%	+0.16pp	5q	+236.1%+$1.4M
VANGUARD INDEX FDS	VBR	$2.0M	8,481	0.23%	-0.02pp	16q	-0.6%-$11.1K
INVESCO EXCH TRD SLF IDX FD	IUS	$2.0M	28,865	0.23%	+0.03pp	8q	+15.1%+$257.2K
VISA INC	V	$1.9M	5,421	0.23%	+0.01pp	16q	+1.6%+$30.2K
VANGUARD INDEX FDS	VTI	$1.9M	5,203	0.23%	flat	12q	HELD
GOLDMAN SACHS ETF TR	GMUB	$1.9M	39,828	0.23%	+0.19pp	2q	+516.8%+$1.6M
ISHARES TR	ISCF	$1.9M	43,400	0.23%	+0.02pp	16q	+6.1%+$110.9K
VANGUARD ADMIRAL FDS INC	VIOO	$1.9M	15,171	0.23%	-0.01pp	16q	+3.6%+$65.9K
PALANTIR TECHNOLOGIES INC	PLTR	$1.8M	9,855	0.22%	-	new	NEW
SCHWAB STRATEGIC TR	FNDE	$1.8M	42,381	0.21%	+0.02pp	8q	+5.4%+$91.1K
ISHARES TR	EFAV	$1.7M	18,880	0.20%	flat	16q	-0.9%-$15.8K
WISDOMTREE TR	DTH	$1.7M	30,444	0.20%	+0.01pp	16q	+1.0%+$17.1K
ISHARES TR	IWL	$1.7M	8,891	0.20%	+0.06pp	6q	+36.1%+$448.0K
MICRON TECHNOLOGY INC	MU	$1.7M	1,585	0.20%	-0.01pp	6q	+2.6%+$42.6K
EATON CORP PLC	ETN	$1.7M	3,879	0.20%	flat	16q	-0.5%-$9.0K
JOHNSON & JOHNSON	JNJ	$1.7M	6,285	0.20%	+0.01pp	16q	+4.1%+$65.9K
CATERPILLAR INC	CAT	$1.7M	2,038	0.20%	-0.05pp	16q	+4.7%+$74.6K
WALMART INC	WMT	$1.6M	15,785	0.19%	-0.02pp	16q	HELD
BLACKROCK ETF TRUST II	BRTR	$1.6M	33,712	0.19%	-0.07pp	7q	-22.1%-$458.6K
ISHARES TR	SYSB	$1.6M	18,772	0.19%	+0.06pp	3q	+59.8%+$592.3K
FIDELITY COVINGTON TRUST	FQAL	$1.6M	18,861	0.19%	+0.04pp	4q	+23.2%+$295.8K
ABBVIE INC	ABBV	$1.6M	5,985	0.19%	flat	16q	HELD
INVESCO EXCHANGE TRADED FD T	SPHQ	$1.5M	18,130	0.18%	-0.02pp	13q	HELD
WELLS FARGO & CO	WFC	$1.5M	18,988	0.18%	-0.01pp	16q	-1.3%-$19.4K
GE VERNOVA INC	GEV	$1.5M	1,590	0.18%	-0.07pp	10q	-8.8%-$145.4K
AMERICAN CENTY ETF TR	AVDE	$1.5M	16,687	0.18%	flat	9q	HELD
PFIZER INC	PFE	$1.5M	52,094	0.18%	-0.02pp	16q	-22.1%-$422.6K
DIMENSIONAL ETF TRUST	DIHP	$1.5M	43,815	0.17%	flat	12q	+1.3%+$18.4K
SPDR SERIES TRUST	SPBO	$1.5M	53,431	0.17%	-0.31pp	13q	-61.9%-$2.4M
MERCK & CO INC	MRK	$1.5M	10,090	0.17%	+0.01pp	16q	-5.3%-$81.4K
HOME DEPOT INC	HD	$1.5M	5,097	0.17%	-0.04pp	16q	+2.1%+$29.3K
MORGAN STANLEY	MS	$1.4M	7,513	0.17%	-0.02pp	16q	-1.1%-$15.6K
GMO ETF TRUST	QLTY	$1.4M	32,686	0.17%	+0.02pp	10q	+14.5%+$177.5K
ISHARES TR	IXUS	$1.4M	14,693	0.17%	flat	16q	HELD
SELECT SECTOR SPDR TR	XLK	$1.4M	7,035	0.16%	+0.01pp	16q	+2.2%+$29.2K
NEXTERA ENERGY INC	NEE	$1.4M	18,070	0.16%	-0.02pp	14q	+5.8%+$75.1K
DEERE & CO	DE	$1.3M	1,986	0.16%	flat	16q	-1.3%-$18.1K
SELECT SECTOR SPDR TR	XLF	$1.3M	24,333	0.15%	-0.01pp	16q	-1.6%-$21.8K
PIMCO ETF TR	MUNI	$1.3M	25,868	0.15%	-0.10pp	15q	-35.1%-$695.7K
QUEST DIAGNOSTICS INC	DGX	$1.3M	5,423	0.15%	+0.01pp	3q	-0.9%-$11.7K
ISHARES INC	EMXC	$1.3M	12,748	0.15%	-0.01pp	16q	HELD
INVESCO EXCHANGE TRADED FD T	XMVM	$1.3M	18,037	0.15%	flat	12q	+1.2%+$14.6K
CISCO SYS INC	CSCO	$1.2M	11,606	0.15%	-0.01pp	16q	+2.9%+$35.1K
ISHARES TR	HYDB	$1.2M	27,728	0.15%	+0.09pp	7q	+186.7%+$811.8K
ISHARES TR	IEFA	$1.2M	12,790	0.15%	flat	16q	-1.2%-$15.0K
BLACKROCK ETF TRUST II	CLOA	$1.2M	23,756	0.15%	+0.08pp	7q	+108.9%+$642.5K
FIDELITY COVINGTON TRUST	FDHY	$1.2M	25,691	0.14%	+0.06pp	11q	+72.4%+$512.3K
NUVEEN AMT FREE QLTY MUN INC	NEA	$1.2M	121,950	0.14%	-0.05pp	13q	-12.1%-$166.8K
NUVEEN QUALITY MUNCP INCOME	NAD	$1.2M	119,899	0.14%	-0.04pp	10q	-4.4%-$55.7K
INTEL CORP	INTC	$1.2M	9,992	0.14%	-0.02pp	16q	HELD
VANECK ETF TRUST	SHYD	$1.2M	53,850	0.14%	-0.01pp	16q	+1.2%+$14.2K
ISHARES TR	GARP	$1.2M	13,728	0.14%	+0.02pp	4q	+16.9%+$169.5K
INVESCO EXCH TRADED FD TR II	PFIG	$1.2M	50,586	0.14%	+0.02pp	13q	+22.0%+$210.1K
AT&T INC	T	$1.2M	47,503	0.14%	+0.01pp	15q	-6.5%-$80.9K
INGERSOLL RAND INC	IR	$1.1M	15,231	0.14%	-0.02pp	16q	-0.7%-$7.5K
TJX COS INC NEW	TJX	$1.1M	8,620	0.14%	-0.02pp	16q	-1.1%-$13.0K
INVESCO EXCH TRADED FD TR II	EQAL	$1.1M	19,637	0.13%	flat	7q	+5.9%+$62.9K
ISHARES TR	EFA	$1.1M	10,800	0.13%	flat	16q	HELD
FREEPORT-MCMORAN INC	FCX	$1.1M	15,930	0.13%	+0.01pp	16q	+1.0%+$11.2K
INVESCO EXCHANGE TRADED FD T	XSMO	$1.1M	13,589	0.13%	-0.02pp	7q	+4.3%+$45.5K
PNC FINL SVCS GROUP INC	PNC	$1.1M	4,923	0.13%	-0.01pp	16q	+3.3%+$34.5K
BROADCOM INC	AVGO	$1.1M	3,041	0.13%	-0.02pp	12q	-2.7%-$29.8K
ISHARES TR	IJK	$1.1M	9,725	0.13%	-0.01pp	15q	+2.0%+$21.3K
ISHARES TR	IWR	$1.1M	9,950	0.13%	-0.01pp	12q	HELD
VERTEX PHARMACEUTICALS INC	VRTX	$1.1M	2,028	0.13%	+0.01pp	14q	+1.8%+$18.8K
QUALCOMM INC	QCOM	$1.1M	5,745	0.13%	flat	16q	HELD
CHEVRON CORPORATION	CVX	$1.0M	5,097	0.12%	+0.01pp	16q	-6.7%-$75.1K
BLACKROCK MUNIYILD QULT FD I	MQY	$1.0M	104,494	0.12%	-	new	NEW
NUVEEN MUN VALUE FD INC	NUV	$1.0M	124,066	0.12%	-0.09pp	15q	-34.7%-$545.5K
ARISTA NETWORKS INC	ANET	$1.0M	5,046	0.12%	+0.03pp	7q	+9.5%+$89.0K
VANGUARD INDEX FDS	VV	$1.0M	2,876	0.12%	flat	16q	HELD
VANGUARD INDEX FDS	VO	$1.0M	12,888	0.12%	flat	16q	HELD
NUVEEN MUN HIGH INCOME OPPOR	NMZ	$1.0M	111,971	0.12%	-0.02pp	2q	+1.1%+$10.7K
ISHARES TR	IWM	$987.8K	3,555	0.12%	-0.01pp	16q	HELD
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$978.5K	2,145	0.12%	-0.01pp	12q	+1.2%+$11.4K
GOLDMAN SACHS ETF TR	GSEW	$973.1K	10,455	0.12%	+0.08pp	2q	+210.4%+$659.6K
PGIM ETF TR	PHYL	$966.1K	28,899	0.11%	-0.22pp	7q	-64.2%-$1.7M
ADVANCED MICRO DEVICES INC	AMD	$961.7K	1,572	0.11%	+0.01pp	6q	+9.0%+$79.5K
AMERICAN CENTY ETF TR	AVES	$957.7K	14,705	0.11%	flat	12q	+2.2%+$20.7K
ISHARES TR	EWJV	$947.0K	19,522	0.11%	+0.01pp	8q	+5.6%+$50.3K
GOLDMAN SACHS GROUP INC	GS	$941.8K	1,046	0.11%	flat	13q	+10.6%+$90.0K
RTX CORPORATION	RTX	$941.6K	5,072	0.11%	flat	16q	HELD
J P MORGAN EXCHANGE TRADED F	HELO	$938.9K	13,574	0.11%	+0.01pp	12q	+5.1%+$45.4K
SNOWFLAKE INC	SNOW	$931.2K	2,742	0.11%	+0.02pp	12q	-11.2%-$117.5K
INVESCO EXCHANGE TRADED FD T	XMHQ	$916.8K	8,212	0.11%	flat	13q	-1.1%-$10.4K
AMGEN INC	AMGN	$914.7K	2,170	0.11%	+0.01pp	8q	+0.7%+$6.3K
AMERICAN CENTY ETF TR	AVDS	$908.9K	11,634	0.11%	+0.03pp	6q	+28.0%+$198.8K
TESLA INC	TSLA	$898.4K	2,532	0.11%	-0.02pp	15q	-1.1%-$9.9K
INVESCO EXCHANGE TRADED FD T	PID	$892.5K	41,758	0.11%	flat	16q	+2.5%+$22.1K
COSTCO WHOLESALE CORPORATION	COST	$890.3K	978	0.11%	-0.01pp	12q	-2.8%-$25.5K
INTERNATIONAL BUSINESS MACHS	IBM	$872.2K	3,966	0.10%	-0.04pp	14q	-7.1%-$66.6K
SHOPIFY INC	SHOP	$860.9K	5,805	0.10%	+0.03pp	12q	+5.3%+$43.6K
ASML HLDG NV	ASML	$856.9K	473	0.10%	-0.01pp	15q	-0.6%-$5.4K
UNITEDHEALTH GROUP INC	UNH	$818.2K	2,229	0.10%	flat	16q	+14.6%+$104.3K
SALESFORCE INC	CRM	$815.0K	3,550	0.10%	+0.03pp	12q	+2.7%+$21.4K
INVESCO EXCH TRADED FD TR II	PXH	$814.8K	28,030	0.10%	+0.01pp	6q	+6.5%+$50.1K
DIMENSIONAL ETF TRUST	DISV	$814.8K	18,822	0.10%	+0.03pp	7q	+29.0%+$183.0K
VANGUARD WELLINGTON FD	VFMO	$814.7K	3,588	0.10%	flat	4q	+15.3%+$108.1K
SCHWAB STRATEGIC TR	SCHD	$809.6K	24,887	0.10%	flat	14q	-2.0%-$16.3K
VANGUARD INTL EQUITY INDEX F	VSS	$809.6K	5,215	0.10%	flat	15q	+1.0%+$8.1K
ISHARES TR	VLUE	$807.2K	4,077	0.10%	-0.03pp	5q	-19.1%-$191.1K
APPLIED MATLS INC	AMAT	$782.9K	1,531	0.09%	-0.04pp	12q	-2.0%-$16.4K
NUVEEN AMT-FREE MUN VALUE FD	NUW	$771.0K	58,187	0.09%	-0.02pp	12q	-7.9%-$66.5K
VANGUARD MUN BD FDS	VTEB	$770.6K	16,272	0.09%	-0.05pp	16q	-28.7%-$309.5K
BOEING CO	BA	$756.3K	4,065	0.09%	flat	16q	+23.4%+$143.4K
VALUED ADVISERS TR	MBSF	$754.3K	29,684	0.09%	-	new	NEW
CONSOLIDATED EDISON INC	ED	$743.1K	7,271	0.09%	-0.01pp	16q	-5.4%-$42.4K
BARCLAYS BANK PLC	ATMP	$706.5K	20,700	0.08%	flat	7q	HELD
SIMPLIFY EXCHANGE TRADED FUN	MTBA	$705.8K	15,095	0.08%	-0.48pp	7q	-84.2%-$3.8M
FIDELITY COVINGTON TRUST	FSMD	$701.4K	14,264	0.08%	-0.01pp	6q	+1.1%+$7.4K
SOUTHERN CO	SO	$696.1K	8,398	0.08%	-0.02pp	16q	-9.9%-$76.7K
PIMCO ETF TR	STPZ	$692.9K	13,358	0.08%	-	new	NEW
ISHARES TR	MUB	$682.5K	6,751	0.08%	-0.16pp	16q	-63.3%-$1.2M
FORD MTR CO	F	$679.4K	56,336	0.08%	-0.01pp	5q	-0.5%-$3.5K
GENERAL DYNAMICS CORP	GD	$676.6K	2,039	0.08%	-0.21pp	11q	-69.9%-$1.6M
NUVEEN NY DIVI ADV	NAN	$676.0K	68,842	0.08%	+0.06pp	7q	+425.4%+$547.4K
ISHARES INC	IEMG	$668.4K	8,236	0.08%	flat	16q	+0.9%+$5.8K
BHP BILLITON LIMITED	BHP	$664.6K	7,834	0.08%	flat	16q	+2.7%+$17.6K
VERIZON COMMUNICATIONS INC	VZ	$660.6K	14,401	0.08%	-0.01pp	10q	-13.6%-$104.2K
ALPS ETF TR	REIT	$637.5K	22,466	0.08%	-	new	NEW
MASTERCARD INCORPORATED	MA	$628.7K	1,140	0.07%	flat	14q	+0.7%+$4.4K
COCA COLA CO	KO	$627.3K	7,287	0.07%	flat	16q	HELD
DISNEY WALT CO	DIS	$626.1K	5,968	0.07%	-0.01pp	16q	-18.2%-$139.0K
VANGUARD SPECIALIZED FUNDS	VIG	$622.8K	2,670	0.07%	flat	16q	+9.7%+$55.1K
KIMBERLY-CLARK CORP	KMB	$607.3K	6,234	0.07%	flat	3q	+22.3%+$110.6K
ISHARES TR	IJS	$602.6K	4,704	0.07%	-0.01pp	16q	HELD
SELECT SECTOR SPDR TR	XLI	$584.1K	3,498	0.07%	-0.01pp	16q	HELD
HONEYWELL INTL INC	HON	$579.7K	2,748	0.07%	-	new	NEW
PHILLIPS 66	PSX	$575.7K	2,255	0.07%	+0.02pp	6q	-6.1%-$37.5K
ISHARES TR	DVY	$575.4K	3,784	0.07%	flat	16q	HELD
ISHARES TR	DGRO	$575.3K	7,630	0.07%	flat	15q	-1.2%-$6.9K
AMERICAN EXPRESS CO	AXP	$567.8K	1,867	0.07%	-0.01pp	16q	HELD
STRYKER CORPORATION	SYK	$557.7K	2,025	0.07%	-0.01pp	16q	HELD
IQVIA HLDGS INC	IQV	$555.2K	2,065	0.07%	+0.02pp	6q	HELD
ISHARES TR	MTUM	$546.6K	1,722	0.06%	flat	7q	+3.2%+$16.8K
SCHWAB STRATEGIC TR	SCMB	$538.1K	22,272	0.06%	+0.03pp	6q	+96.9%+$264.9K
VANGUARD STAR FDS	VXUS	$530.1K	6,239	0.06%	flat	12q	+3.7%+$18.7K
VANGUARD INDEX FDS	VXF	$526.5K	2,273	0.06%	flat	8q	+1.6%+$8.3K
AMERICAN CENTY ETF TR	AVUV	$520.6K	4,421	0.06%	flat	3q	+6.1%+$29.8K
QUANTA SVCS INC	PWR	$519.8K	809	0.06%	flat	6q	+5.1%+$25.1K
UBER TECHNOLOGIES INC	UBER	$517.9K	7,560	0.06%	flat	3q	+8.5%+$40.5K
VANGUARD INTL EQUITY INDEX F	VGK	$507.0K	5,841	0.06%	flat	7q	+1.8%+$9.1K
LOWES COS INC	LOW	$505.4K	2,742	0.06%	-0.04pp	16q	-25.7%-$174.9K
SPROTT ASSET MANAGEMENT LP	PSLV	$504.6K	26,050	0.06%	-	new	NEW
LOCKHEED MARTIN CORP	LMT	$503.1K	988	0.06%	flat	16q	HELD
NETFLIX INC	NFLX	$497.9K	7,156	0.06%	-0.01pp	12q	-6.9%-$37.2K
NUVEEN NY AMT FREE	NRK	$497.4K	53,829	0.06%	flat	5q	+22.1%+$90.0K
ANALOG DEVICES INC	ADI	$496.3K	1,251	0.06%	flat	7q	HELD
PUBLIC SVC ENTERPRISE GROUP	PEG	$496.2K	7,368	0.06%	-0.01pp	16q	HELD
BLACKROCK MUNIYIELD N Y QUAL	MYN	$494.0K	56,389	0.06%	-0.08pp	14q	-51.5%-$524.3K
ISHARES TR	USIG	$492.0K	10,100	0.06%	-0.01pp	10q	-4.3%-$22.2K
ISHARES TR	IWS	$489.3K	3,044	0.06%	flat	13q	HELD
WISDOMTREE TR	DWMF	$487.2K	14,681	0.06%	flat	7q	-1.8%-$9.0K
BANK OF NY MELLON CORP	BNY	$485.1K	3,354	0.06%	flat	9q	HELD
FIDELITY COVINGTON TRUST	FMDE	$482.5K	11,950	0.06%	flat	12q	HELD
MCKESSON CORP	MCK	$476.4K	558	0.06%	+0.01pp	10q	+0.5%+$2.6K
ISHARES TR	IJT	$475.6K	2,966	0.06%	-0.01pp	15q	HELD
FIFTH THIRD BANCORP	FITB	$469.0K	9,272	0.06%	-0.01pp	13q	-4.1%-$20.2K
LAM RESEARCH CORP	LRCX	$468.5K	1,426	0.06%	-0.02pp	5q	+0.7%+$3.3K
ASTRAZENECA PLC	AZN	$467.6K	2,896	0.06%	-0.01pp	3q	+1.0%+$4.8K
LINDE PLC	LIN	$461.8K	973	0.05%	-0.01pp	11q	HELD
PEPSICO INC	PEP	$461.1K	3,639	0.05%	-0.01pp	16q	-8.1%-$40.7K
VANGUARD INDEX FDS	VOE	$458.9K	2,347	0.05%	flat	14q	HELD
SPROTT ASSET MANAGEMENT LP	PHYS	$455.5K	14,566	0.05%	-	new	NEW
ALTRIA GROUP INC	MO	$455.4K	6,762	0.05%	flat	7q	-0.7%-$3.4K
SPDR SERIES TRUST	HYMB	$452.2K	19,267	0.05%	-0.12pp	15q	-66.2%-$886.5K
FIDELITY COVINGTON TRUST	FNCL	$451.8K	5,967	0.05%	flat	11q	HELD
DOUBLELINE ETF TRUST	DABS	$450.7K	9,055	0.05%	-0.01pp	3q	-13.6%-$70.7K
DUKE ENERGY CORP NEW	DUK	$448.9K	3,937	0.05%	-0.01pp	13q	-2.6%-$12.2K
M & T BK CORP	MTB	$448.5K	2,061	0.05%	-0.01pp	13q	HELD
VANGUARD WHITEHALL FDS	VYM	$447.3K	2,882	0.05%	flat	7q	HELD
VALERO ENERGY CORP	VLO	$442.9K	1,143	0.05%	+0.02pp	3q	-4.0%-$18.6K
MATSON INC	MATX	$439.3K	2,000	0.05%	+0.01pp	4q	HELD
PROCTER & GAMBLE CO	PG	$438.7K	3,019	0.05%	-0.01pp	16q	-8.0%-$38.4K
VANGUARD MALVERN FDS	VPLS	$438.0K	5,919	0.05%	-0.01pp	12q	-16.6%-$87.0K
SHELL PLC	SHEL	$437.8K	4,606	0.05%	+0.01pp	11q	-0.9%-$4.0K
UNION PAC CORP	UNP	$426.2K	1,566	0.05%	flat	11q	-1.4%-$6.0K
PIMCO ETF TR	MINO	$424.0K	9,955	0.05%	-0.01pp	3q	-15.6%-$78.3K
NUVEEN SELECT TAX-FREE INCOM	NXP	$421.3K	31,368	0.05%	-0.04pp	13q	-37.7%-$254.8K
CONSTELLATION ENERGY CORP	CEG	$418.6K	1,648	0.05%	flat	11q	-9.2%-$42.2K
MORGAN STANLEY ETF TRUST	EVTR	$417.2K	8,658	0.05%	flat	7q	-2.2%-$9.5K
FIDELITY MERRIMACK STR TR	FBND	$398.6K	9,206	0.05%	-0.01pp	16q	-6.8%-$29.0K
UNILEVER PLC	UL	$397.7K	6,549	0.05%	flat	4q	-0.5%-$2.1K
ISHARES TR	IVE	$397.7K	1,742	0.05%	flat	13q	+0.6%+$2.5K
J P MORGAN EXCHANGE TRADED F	JMEE	$389.5K	5,293	0.05%	+0.01pp	5q	+28.0%+$85.1K
T-MOBILE US INC	TMUS	$385.7K	2,365	0.05%	flat	9q	HELD
JAMES HARDIE INDS PLC	JHX	$383.1K	15,135	0.05%	+0.01pp	2q	+45.1%+$119.1K
CORNING INC	GLW	$381.5K	2,481	0.05%	-0.04pp	5q	-10.4%-$44.3K
CAPITAL ONE FINL CORP	COF	$380.9K	1,973	0.05%	flat	6q	HELD
ISHARES TR	IMTM	$378.0K	7,181	0.04%	+0.02pp	2q	+79.7%+$167.6K
CHUBB LIMITED	CB	$376.0K	1,156	0.04%	flat	12q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$375.8K	557	0.04%	+0.01pp	13q	-2.3%-$8.8K
ALNYLAM PHARMACEUTICALS INC	ALNY	$374.3K	1,517	0.04%	+0.01pp	10q	+50.6%+$125.8K
ALLEGION PLC	ALLE	$371.4K	2,415	0.04%	flat	16q	HELD
INTERCONTINENTAL EXCHANGE IN	ICE	$371.3K	2,442	0.04%	+0.01pp	7q	HELD
FIRSTENERGY CORP	FE	$371.2K	8,567	0.04%	-0.01pp	16q	-3.2%-$12.1K
AMERICAN CENTY ETF TR	AVNV	$369.5K	4,370	0.04%	flat	5q	+9.4%+$31.9K
BLACKROCK INC	BLK	$367.2K	347	0.04%	flat	7q	-5.4%-$21.2K
ISHARES TR	IWP	$364.4K	2,647	0.04%	flat	12q	+2.1%+$7.4K
ISHARES TR	SOXX	$359.3K	632	0.04%	-0.01pp	4q	HELD
VANGUARD INDEX FDS	VB	$358.7K	1,261	0.04%	flat	4q	+0.6%+$2.0K
ISHARES TR	USHY	$354.1K	9,913	0.04%	-	new	NEW
DANAHER CORP DEL	DHR	$351.4K	1,586	0.04%	flat	16q	-1.1%-$3.8K
VANGUARD WORLD FD	VFH	$351.4K	2,701	0.04%	flat	12q	HELD
ISHARES TR	ISCG	$348.3K	5,693	0.04%	flat	16q	HELD
PHILIP MORRIS INTL INC	PM	$346.9K	1,818	0.04%	flat	7q	-1.7%-$6.1K
SIMON PPTY GROUP INC NEW	SPG	$344.3K	1,715	0.04%	flat	11q	+0.7%+$2.4K
VANGUARD MUN BD FDS	VCRM	$343.1K	4,794	0.04%	-0.05pp	7q	-53.7%-$398.4K
DIAMONDBACK ENERGY INC	FANG	$342.4K	1,863	0.04%	-	new	NEW
FIDELITY GREENWOOD STREET TR	FHEQ	$332.5K	9,877	0.04%	+0.01pp	7q	+20.1%+$55.6K
TRAVELERS COMPANIES INC	TRV	$328.3K	921	0.04%	flat	9q	-14.5%-$55.6K
SPDR SERIES TRUST	CWB	$324.4K	3,206	0.04%	flat	12q	HELD
DENALI THERAPEUTICS INC	DNLI	$318.3K	15,399	0.04%	-0.01pp	7q	-1.3%-$4.2K
ISHARES TR	IAT	$317.8K	5,554	0.04%	flat	12q	HELD
SCHWAB STRATEGIC TR	SCHP	$316.2K	12,582	0.04%	-	new	NEW
CORCEPT THERAPEUTICS INC	CORT	$314.8K	2,732	0.04%	+0.01pp	2q	-3.5%-$11.5K
ADOBE INC	ADBE	$309.8K	1,291	0.04%	+0.01pp	14q	+2.8%+$8.4K
FIDELITY COVINGTON TRUST	FELV	$309.2K	7,475	0.04%	+0.01pp	2q	+36.9%+$83.4K
ISHARES TR	ICF	$308.3K	4,901	0.04%	flat	6q	+1.8%+$5.6K
THE CIGNA GROUP	CI	$304.4K	1,120	0.04%	flat	16q	HELD
MODERNA INC	MRNA	$304.1K	1,579	0.04%	-	new	NEW
HONEYWELL AEROSPACE INC	HONA	$298.2K	1,924	0.04%	-	new	NEW
ISHARES TR	IGSB	$297.9K	5,815	0.04%	-	new	NEW
RPM INTL INC	RPM	$296.0K	3,000	0.04%	flat	7q	HELD
SPDR SERIES TRUST	TIPX	$292.9K	16,086	0.03%	-0.10pp	7q	-73.4%-$807.6K
FEDEX CORP	FDX	$286.2K	1,004	0.03%	flat	13q	HELD
BECTON DICKINSON & CO	BDX	$285.1K	1,593	0.03%	flat	15q	HELD
VANGUARD WHITEHALL FDS	VYMI	$277.5K	2,744	0.03%	flat	6q	HELD
COLGATE PALMOLIVE CO	CL	$274.0K	3,212	0.03%	-	new	NEW
ENTERPRISE PRODS PARTNERS L	EPD	$273.4K	7,679	0.03%	flat	12q	HELD
UNITED PARCEL SVCS INC	UPS	$273.2K	2,924	0.03%	-0.01pp	16q	-1.7%-$4.7K
NU HLDGS LTD	NU	$271.2K	21,420	0.03%	flat	7q	+0.7%+$1.9K
WISDOMTREE TR	DEM	$269.7K	4,877	0.03%	flat	4q	+9.8%+$24.1K
WISDOMTREE TR	IQDG	$268.4K	6,307	0.03%	flat	6q	+1.1%+$3.0K
AURORA INNOVATION INC	AUR	$267.8K	48,332	0.03%	-0.01pp	9q	HELD
BLACKSTONE INC	BX	$263.1K	2,347	0.03%	flat	7q	HELD
CONOCOPHILLIPS	COP	$262.1K	2,094	0.03%	flat	16q	-8.0%-$22.8K
ROCKWELL AUTOMATION INC	ROK	$260.8K	599	0.03%	-0.01pp	6q	-1.8%-$4.8K
CYTOKINETICS INC	CYTK	$259.8K	3,941	0.03%	-0.01pp	5q	HELD
FRANKLIN TEMPLETON ETF TR	FLMI	$259.4K	11,124	0.03%	-	new	NEW
DELTA AIR LINES INC	DAL	$256.1K	3,069	0.03%	flat	4q	-0.6%-$1.5K
PROFESIONALLY MANAGED PORTFO	AKRE	$255.6K	4,853	0.03%	flat	3q	HELD
INVESCO EXCH TRADED FD TR II	IBBQ	$254.4K	7,241	0.03%	flat	3q	+2.5%+$6.3K
PROLOGIS INC.	PLD	$254.4K	1,959	0.03%	flat	2q	+21.8%+$45.4K
FIDELITY COVINGTON TRUST	FDVV	$254.3K	4,188	0.03%	flat	3q	HELD
VANGUARD ADMIRAL FDS INC	VIOG	$252.5K	1,830	0.03%	-0.01pp	6q	-6.0%-$16.1K
ISHARES TR	IGV	$251.3K	2,360	0.03%	flat	2q	-14.6%-$43.0K
MARATHON PETE CORP	MPC	$249.9K	632	0.03%	-	new	NEW
BOSTON SCIENTIFIC CORP	BSX	$249.7K	5,720	0.03%	-0.01pp	16q	-17.5%-$53.1K
VANGUARD ADMIRAL FDS INC	VIOV	$245.1K	2,228	0.03%	flat	4q	+1.5%+$3.6K
NUVEEN N Y MUN VALUE FD	NNY	$243.8K	31,341	0.03%	flat	13q	+6.6%+$15.1K
ABBOTT LABORATORIES	ABT	$243.3K	2,462	0.03%	flat	7q	-0.7%-$1.8K
ILLUMINA INC	ILMN	$242.8K	887	0.03%	-	new	NEW
CAMBRIA ETF TR	GVAL	$240.5K	6,354	0.03%	-	new	NEW
ISHARES TR	ACWX	$233.1K	3,083	0.03%	flat	7q	-4.4%-$10.7K
REPLIMUNE GROUP INC	REPL	$230.4K	17,400	0.03%	flat	2q	-12.6%-$33.1K
SELECT SECTOR SPDR TR	XLV	$229.7K	1,364	0.03%	flat	4q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$227.8K	3,651	0.03%	flat	3q	HELD
VANECK ETF TRUST	HYD	$225.6K	4,698	0.03%	-0.05pp	9q	-64.4%-$407.8K
SPDR GOLD TR	GLD	$224.7K	590	0.03%	-	new	NEW
MARSH & MCLENNAN COS INC	MRSH	$224.2K	1,313	0.03%	flat	11q	-13.8%-$35.9K
ISHARES TR	IEF	$223.9K	2,507	0.03%	-0.06pp	6q	-66.9%-$452.2K
VANGUARD INDEX FDS	VBK	$221.3K	655	0.03%	-	new	NEW
TORONTO DOMINION BK ONT	TD	$221.2K	1,882	0.03%	flat	2q	-3.1%-$7.2K
S&P GLOBAL INC	SPGI	$220.7K	559	0.03%	flat	7q	-4.3%-$9.9K
INTUIT	INTU	$220.0K	798	0.03%	flat	14q	-6.9%-$16.3K
JOHNSON CONTROLS INTERNATION	JCI	$219.9K	1,479	0.03%	flat	3q	-7.9%-$18.7K
IMPERIAL OIL LTD	IMO	$219.3K	1,782	0.03%	-	new	NEW
ISHARES TR	IMCG	$218.5K	2,327	0.03%	flat	3q	-1.6%-$3.6K
ITT INC	ITT	$217.4K	1,077	0.03%	flat	3q	HELD
WASTE MGMT INC DEL	WM	$215.1K	1,055	0.03%	flat	11q	-0.6%-$1.2K
YUM BRANDS INC	YUM	$213.5K	1,566	0.03%	-0.01pp	3q	-19.2%-$50.6K
ISHARES TR	LQD	$210.8K	2,063	0.02%	flat	16q	-5.3%-$11.8K
VANGUARD SCOTTSDALE FDS	VTWO	$210.4K	1,875	0.02%	flat	2q	+5.5%+$10.9K
SCHWAB STRATEGIC TR	SCHF	$209.6K	7,629	0.02%	-	new	NEW
MCDONALDS CORP	MCD	$208.3K	902	0.02%	-0.01pp	13q	-5.6%-$12.5K
ISHARES TR	NYF	$208.3K	4,124	0.02%	-	new	NEW
KLA CORP	KLAC	$206.6K	1,060	0.02%	-0.01pp	2q	HELD
PALO ALTO NETWORKS INC	PANW	$205.8K	518	0.02%	-	new	NEW
SPHERE ENTERTAINMENT CO	SPHR	$205.2K	1,526	0.02%	-0.01pp	2q	+2.8%+$5.5K
INTUITIVE SURGICAL INC	ISRG	$202.9K	499	0.02%	-	new	NEW
SCHEIN HENRY INC	HSIC	$201.5K	2,400	0.02%	flat	2q	HELD
MARTIN MARIETTA MATLS INC	MLM	$200.1K	417	0.02%	-0.01pp	6q	HELD
COHEN & STEERS QUALITY INCOM	RQI	$194.5K	17,847	0.02%	flat	14q	-4.0%-$8.2K
VALLEY NATL BANCORP	VLY	$191.0K	15,137	0.02%	flat	7q	HELD
SAFEHOLD INC	SAFE	$177.2K	15,054	0.02%	-0.01pp	3q	HELD
NUVEEN MASS QUALITY MUN INC	NMT	$122.3K	11,768	0.01%	-	new	NEW
BLACKROCK CORE BD TR	BHK	$121.3K	14,798	0.01%	-	new	NEW
PUTNAM ETF TRUST	FTMU	$118.3K	16,123	0.01%	-	new	NEW
LLOYDS BANKING GROUP PLC	LYG	$117.9K	20,936	0.01%	flat	16q	HELD
INVESCO PA VALUE MUN INC TR	VPV	$109.3K	10,419	0.01%	-	new	NEW
TEMPLETON EMERGING MKTS INCO	TEI	$104.5K	17,000	0.01%	flat	14q	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
Software & IT Services	$32.5M	3.9%
Computer Hardware	$30.3M	3.6%
Funds & ETFs	$22.7M	2.7%
Semiconductors & Electronics	$21.6M	2.6%
Banks & Lending	$14.9M	1.8%
Biotech & Pharma	$14.8M	1.8%
Retail & Consumer	$13.4M	1.6%
Other sectors	$58.4M	6.9%
Not classified	$635.5M	75.3%

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	+11.1%	+14.8%	-3.8%	100%
Q1 2026	-1.1%	-4.6%	+3.5%	100%
Q4 2025	+1.7%	+2.4%	-0.7%	100%
Q3 2025	+6.3%	+7.8%	-1.6%	100%
Q2 2025	+6.8%	+10.5%	-3.7%	100%
Q1 2025	-2.0%	-4.6%	+2.6%	100%
Q4 2024	-1.5%	+2.1%	-3.6%	100%
Q3 2024	+6.2%	+5.4%	+0.7%	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	$844.1M	389	30	151	127	15	26.4%	9
Q2 2026	$833.3M	374	19	143	142	18	26.3%	8
Q1 2026	$746.8M	373	32	191	77	11	25.9%	20
Q4 2025	$716.6M	352	19	137	110	19	26.6%	9
Q3 2025	$677.2M	352	21	125	115	9	26.6%	37
Q2 2025	$613.6M	340	29	137	106	15	26.4%	9
Q1 2025	$561.2M	326	48	196	60	6	27.3%	10
Q4 2024	$502.3M	284	12	129	86	14	28.1%	14
Q3 2024	$496.3M	286	18	171	66	8	27.8%	4
Q2 2024	$440.7M	276	20	154	55	4	28.3%	26
Q1 2024	$397.7M	260	21	142	54	8	28.6%	18
Q4 2023	$353.7M	247	38	123	66	9	29.9%	24
Q3 2023	$290.3M	218	31	133	51	11	29.9%	37
Q2 2023	$273.7M	198	21	117	37	8	28.7%	24
Q1 2023	$238.3M	185	24	121	30	7	29.0%	27
Q4 2022	$191.1M	168	0	0	0	0	29.9%	33

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.