SCS Capital Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), SCS Capital Management LLC reported 466 stock positions worth $9.4 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 12.1% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 8.8%) and iShares Russell 3000 ETF (IWV, 7.3%). Compared with Q4 2025, it opened 17 new positions, sold out of 42, added to 90 and reduced 270. The biggest buy was Vanguard Intermediate-Term T (VGIT, shares +15%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −69%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001303159
Portfolio Value
$9.4B (Q1 2026)
SEC Filing
0001303159-26-000002 ↗ filed May 11, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $4.7B Q1 2024 Q2 2024: $4.8B Q2 2024 Q3 2024: $5.0B Q3 2024 Q4 2024: $4.8B Q4 2024 Q1 2025: $7.9B Q1 2025 Q2 2025: $9.0B Q2 2025 Q3 2025: $9.2B Q3 2025 Q4 2025: $9.4B Q4 2025 Q1 2026: $9.4B $9.4B Q1 2026 Q2 2026: $10.6B Q2 2026

Holdings 466 stocks · $9.4B

VGIT Vanguard Intermediate-Term T 12.14% 19,248,384 $1.1B Add +15.1%
VTI VG Morningstar TS MKT ETF-US 8.85% 2,603,399 $835.2M Add +2.5%
IWV iShares Russell 3000 ETF 7.33% 1,865,658 $691.6M Reduce -0.5%
VEA Vanguard Ftse Developed ETF 6.32% 9,303,611 $596.2M Reduce -2.0%
SPY SS SPDR S&P 500 ETF Trust-US 4.83% 701,082 $456.2M Reduce -0.5%
SCHF Schwab Intl Equity ETF 3.27% 12,487,960 $309.1M Reduce -0.3%
SCHB Schwab US Broad Market ETF 3.18% 11,970,120 $300.5M Add +0.5%
VOO Vanguard S&P 500 ETF 2.81% 443,159 $264.8M Reduce -4.2%
SPYM Ste STR SPDR PT S&P 500 ETF 2.52% 3,104,457 $237.6M Add +18.1%
VYM Vanguard High DVD Yield ETF 2.30% 1,463,217 $216.7M Reduce -2.8%
VTV Vanguard Mrngstr Val ETF-Aui 2.11% 1,014,417 $199.0M Reduce -2.7%
VWO Vanguard Ftse Emerging Marke 2.06% 3,601,987 $194.7M Add +0.8%
SPYG SS SPDR P S&P 500 Growth ETF 2.01% 1,940,333 $190.0M Add +5.1%
VT Vanguard Tot World STK ETF 1.81% 1,232,397 $170.5M Add +67.7%
QUAL iShares MSCI USA Quality Fac 1.62% 797,152 $152.9M Reduce -4.8%
IEFA iShares Core MSCI Eafe ETF 1.59% 1,661,066 $150.4M Reduce -2.2%
RSP Invesco S&P 500 Equal Weight 1.36% 666,560 $127.9M Add +11.7%
VBIL Vanguard 0-3M T-Bill ETF 1.19% 1,483,843 $112.3M Add +8.3%
STIP iShares 0-5 Year Tips Bond E 1.06% 967,994 $100.1M Add +78.3%
VTEB Vanguard Tax-Exempt Bond ETF 1.02% 1,930,365 $96.3M Reduce -0.8%
IVV iShares Core S&P 500 ETF 0.81% 116,534 $76.1M Reduce -1.6%
NYT New York Times Co. Class A 0.70% 794,746 $66.5M Add +12.0%
VONG Vanguard Russell 1000 Growth 0.68% 581,773 $63.8M Reduce -6.4%
VDE Vanguard Energy ETF 0.68% 368,445 $63.8M Reduce -0.7%
VB Vanguard Most SM-Cap ETF-Usd 0.61% 219,708 $57.5M Add +75.2%
VIGI Vanguard Int Div App Indx FD 0.60% 642,938 $56.9M Reduce -10.7%
VGLT Vanguard Long-Term Treasury 0.60% 1,024,245 $56.7M Add +14.4%
XPEL Xpel Inc. 0.58% 1,241,540 $55.0M No change
EFA iShares MSCI Eafe ETF 0.57% 555,447 $54.0M Reduce -5.5%
IVW iShares S&P 500 Growth ETF 0.57% 471,760 $53.4M Reduce -0.1%
AAPL Apple Inc. 0.53% 198,859 $50.5M Reduce -6.4%
ALNY Alnylam Pharmaceuticals Inc. 0.52% 149,547 $49.5M Reduce -0.0%
ESGV Vanguard ESG US Stock ETF 0.46% 390,533 $43.8M Reduce -0.6%
VNQ Vanguard Real Estate ETF 0.45% 474,337 $42.1M Add +6.3%
IEMG iShares Core MSCI Emerging 0.44% 601,676 $42.0M Add +4.1%
MSFT Microsoft Corp. 0.41% 105,585 $39.1M Reduce -2.8%
PDBC Invesco Optimum Yield Divers 0.39% 2,150,175 $37.2M Add +1.8%
JNJ Johnson & Johnson 0.39% 151,322 $37.0M Reduce -6.2%
GLD SPDR Gold Shares 0.37% 82,193 $35.4M Reduce -3.4%
IJH iShares Core S&P Midcap ETF 0.37% 515,878 $34.8M Reduce -13.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.36% 112,445 $33.6M Reduce -0.4%
IQLT iShares MSCI International Q 0.35% 706,619 $32.7M Reduce -7.3%
JPM JPMorgan Chase & Co. 0.34% 109,846 $32.3M Reduce -6.2%
IUSG iShares Core S&P U.S. Growth 0.33% 203,649 $31.6M Reduce -1.0%
VSGX Vanguard ESG Intl Stock ETF 0.33% 439,043 $31.5M Reduce -1.3%
MDY State Street SPDR S&P Midcap 0.33% 50,341 $31.0M Reduce -4.0%
XME SS SPDR S&P Metals Mining 0.33% 284,674 $30.7M Reduce -7.5%
IWF iShares Russell 1000 Growth 0.32% 71,198 $30.4M Reduce -1.1%
AVGO Broadcom Inc. 0.32% 96,483 $29.9M Reduce -6.3%
KO The Coca-Cola Co. 0.31% 386,144 $29.5M Reduce -3.4%
NVDA Nvidia Corp. 0.29% 159,027 $27.7M Reduce -7.6%
TRGP Targa Resources Corp. 0.29% 109,921 $27.6M Reduce -3.7%
QQQ Invesco QQQ Trust Series 1 0.29% 47,116 $27.2M Reduce -7.7%
SCHE Schwab Emrg Mrkts Eqty ETF 0.26% 749,111 $24.7M Add +0.9%
BND Vanguard Total Bond Market 0.25% 325,719 $24.0M Reduce -28.3%
MS Morgan Stanley 0.25% 145,098 $23.9M Reduce -8.7%
AMZN Amazon.com Inc. 0.24% 108,250 $22.5M Add +6.0%
RTX RTX Corp. 0.24% 116,762 $22.5M Reduce -37.1%
VIG Vanguard Dividend Apprec ETF 0.23% 99,206 $21.3M Reduce -9.8%
VGT Vanguard Info Tech ETF 0.22% 29,756 $20.8M Add +1.7%
AGIO Agios Pharmaceuticals Inc. 0.22% 612,850 $20.7M Add +2.4%
WMT Walmart Inc. 0.22% 166,224 $20.7M Reduce -20.3%
VTR Ventas Inc. 0.21% 236,038 $19.4M Reduce -1.1%
AGG iShares Core U.S. Aggregate 0.20% 188,182 $18.7M Reduce -69.3%
SHEL Shell PLC-ADR 0.20% 199,016 $18.5M Reduce -1.7%
VMC Vulcan Materials Co. 0.19% 66,588 $18.1M No change
EVLV Evolv Technologies Holdings 0.19% 2,956,159 $17.9M Reduce -4.5%
STZ Constellation Brands Inc. Class A 0.19% 119,075 $17.9M New
IWB iShares Russell 1000 ETF 0.19% 48,996 $17.5M Reduce -0.3%
TFC Truist Financial Corp. 0.18% 371,298 $17.1M Reduce -3.8%
AZN Astrazeneca PLC 0.18% 87,349 $17.0M Add +445.0%
META Meta Platforms Inc. Class A 0.18% 29,708 $17.0M Reduce -31.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.18% 38,613 $16.9M Reduce -1.1%
PHM Pultegroup Inc. 0.18% 140,596 $16.5M No change
TSM Taiwan Semiconductor-SP ADR 0.17% 48,408 $16.4M Reduce -9.4%
CVX Chevron Corp. 0.17% 79,190 $16.4M Reduce -8.6%
FDX FedEx Corp. 0.17% 45,739 $16.3M Reduce -4.0%
RIO Rio Tinto PLC-Spon ADR 0.17% 170,697 $16.3M Add +5925.3%
SPDW Ste STR SPDR PT DW Eu ETF 0.17% 349,934 $16.0M Add +0.3%
IJR iShares Core S&P Small-Cap E 0.17% 128,161 $15.9M Reduce -4.8%
CCEP Coca-Cola Europacific Partne 0.17% 172,981 $15.7M Reduce -3.7%
GOOG Alphabet Inc. Class C 0.16% 53,827 $15.4M Reduce -4.4%
DKS Dick's Sporting Goods Inc. 0.16% 76,460 $15.2M Add +7.5%
EEM iShares MSCI Emerging Market 0.16% 258,542 $14.7M Reduce -1.7%
QCOM Qualcomm Inc. 0.15% 112,892 $14.5M Add +15.5%
MUB iShares National Muni Bond E 0.15% 135,674 $14.4M Reduce -12.0%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.15% 824,088 $14.0M Reduce -25.7%
NSC Norfolk Southern Corp. 0.14% 47,339 $13.6M Reduce -17.0%
VEU Vanguard Ftse All-World Ex-U 0.14% 178,938 $13.4M Reduce -1.3%
GOVT iShares US Treasury Bond ETF 0.14% 570,825 $13.1M Reduce -1.3%
GS Goldman Sachs Group Inc. 0.13% 15,051 $12.7M Reduce -6.0%
HIW Highwoods Properties Inc. 0.13% 594,705 $12.7M Add +164.0%
XOM Exxon Mobil Corp. 0.13% 73,475 $12.5M Reduce -6.1%
TSLX Sixth Street Specialty Lendi 0.13% 666,377 $12.2M Add +2.5%
SCHX Schwab US Large-Cap ETF 0.13% 460,470 $11.8M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.13% 24,620 $11.8M Reduce -6.0%
CINF Cincinnati Financial Corp. 0.12% 74,918 $11.8M Add +0.0%
GOOGL Alphabet Inc. Class A 0.12% 38,920 $11.2M Reduce -10.2%
UL Unilever PLC-Sponsored ADR 0.12% 191,828 $11.0M Reduce -2.8%
TGT Target Corp. 0.11% 88,725 $10.8M Reduce -0.1%
IWM iShares Russell 2000 ETF 0.11% 43,024 $10.7M Reduce -3.8%
PG The Procter & Gamble Co. 0.11% 73,471 $10.6M Reduce -3.7%
LLY Eli Lilly & Co. 0.11% 11,507 $10.6M Add +4.2%
ABNB Airbnb Inc. Class A 0.11% 80,223 $10.1M Reduce -2.4%
TBN Tamboran Resources Corp. 0.11% 199,871 $10.0M Add +113.8%
RELX Relx PLC - Spon ADR 0.10% 296,112 $9.8M Add +22.9%
IWD iShares Russell 1000 Value E 0.10% 43,380 $9.3M Reduce -3.5%
ENB Enbridge Inc. 0.10% 168,851 $9.1M Add +247.4%
HCA HCA Healthcare Inc. 0.10% 19,234 $9.1M Reduce -68.0%
ORCL Oracle Corp. 0.09% 60,275 $8.9M Add +13.5%
PANW Palo Alto Networks Inc. 0.09% 52,424 $8.4M Reduce -0.5%
DSI iShares ESG MSCI KLD 400 ETF 0.09% 69,138 $8.4M No change
SCHD Schwab US DVD Equity ETF 0.08% 259,359 $8.0M Add +0.0%
UNP Union Pacific Corp. 0.08% 32,224 $7.8M Reduce -5.9%
TOST Toast Inc. Class A 0.08% 293,912 $7.8M Reduce -1.9%
BA The Boeing Co. 0.08% 38,535 $7.7M Reduce -4.8%
CB Chubb Ltd. 0.08% 23,298 $7.6M Reduce -0.8%
ALB Albemarle Corp. 0.08% 40,910 $7.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 29,373 $7.1M Reduce -2.7%
VGSH Vanguard Short-Term Treasury 0.07% 120,694 $7.1M Reduce -28.0%
IVE iShares S&P 500 Value ETF 0.07% 33,186 $7.0M Reduce -0.1%
OEF iShares S&P 100 ETF 0.07% 21,398 $6.8M Add +1.0%
XLK SS Technology Select Sector 0.07% 51,031 $6.8M Reduce -1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 138,540 $6.8M Reduce -10.5%
ARCC Ares Capital Corp. 0.07% 371,371 $6.7M Reduce -18.1%
OBDC Blue Owl Capital Corp. 0.07% 570,323 $6.5M Reduce -13.4%
DB Deutsche Bank AG-Registered 0.07% 213,985 $6.4M Reduce -2.1%
NLR Vaneck Urani & Nuclr ETF-Usd 0.07% 47,351 $6.3M Reduce -23.6%
IYR iShares US Real Estate ETF 0.06% 63,244 $6.0M No change
CI The Cigna Group 0.06% 21,960 $5.9M Reduce -0.1%
TFPM Triple Flag Precious Met 0.06% 166,958 $5.8M Add +0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 20,091 $5.8M Reduce -0.4%
IUSV iShares Core S&P U.S. Value 0.06% 56,387 $5.8M No change
BPRE Bluerock Private Real Estate 0.06% 346,619 $5.8M Reduce -1.0%
CUZ Cousins Properties Inc. 0.06% 251,540 $5.7M Reduce -0.1%
BUFR FT Vest Lad Buffervetf-Usd I 0.06% 167,281 $5.6M Reduce -11.0%
COF Capital One Financial Corp. 0.06% 30,670 $5.6M Add +6.9%
DLR Digital Realty Trust Inc. 0.06% 30,615 $5.5M Reduce -6.4%
VIOO Vanguard S&P Small-Cap 600 E 0.06% 47,731 $5.5M Reduce -0.2%
FERG Ferguson Enterprises Inc. 0.06% 23,311 $5.4M Add +8.5%
PH Parker Hannifin Corp. 0.06% 5,964 $5.3M Reduce -6.7%
FLIN Franklin Ftse India ETF 0.06% 156,647 $5.2M Add +102.0%
INFL Horizon Kinetics Infl Benef 0.05% 99,290 $5.2M Reduce -2.5%
ACWI iShares MSCI Acwi ETF 0.05% 36,813 $5.1M Reduce -5.0%
BX Blackstone Inc. 0.05% 44,189 $5.1M Add +15.1%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 7 $5.0M Reduce -12.5%
NEU Newmarket Corp. 0.05% 7,609 $4.9M No change
STUB Stubhub Holdings Inc. Class A 0.05% 757,390 $4.7M New
KR Kroger Co. 0.05% 64,245 $4.6M Reduce -29.3%
LPLA LPL Financial Holdings Inc. 0.05% 15,161 $4.6M No change
IVLU iShares MSCI International V 0.05% 114,634 $4.5M Reduce -1.2%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 0.05% 205,808 $4.5M No change
SPSM SS SPDR P S&P 600 Small Cap 0.05% 90,239 $4.4M Reduce -5.3%
DRI Darden Restaurants Inc. 0.05% 21,962 $4.3M Reduce -6.0%
COWZ Pacer US Cash Cows 100 ETF 0.04% 67,574 $4.2M Reduce -32.9%
SMH Vaneck Semiconductor ETF 0.04% 11,000 $4.2M Reduce -29.0%
ORI Old Republic Intl Corp. 0.04% 103,305 $4.1M Reduce -7.9%
TT Trane Technologies PLC 0.04% 9,868 $4.1M Reduce -6.6%
BKR Baker Hughes Co. 0.04% 65,880 $4.0M New
GBTC Grayscale Bitcoin Trust ETF 0.04% 75,857 $4.0M Reduce -0.1%
AMLP Alerian MLP ETF 0.04% 72,508 $3.8M Add +0.1%
DNLI Denali Therapeutics Inc. 0.04% 197,998 $3.8M No change
HON Honeywell International Inc. 0.04% 16,740 $3.8M Reduce -1.2%
V Visa Inc. Class A 0.04% 12,413 $3.8M Reduce -13.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 31,595 $3.7M Reduce -7.4%
IWR iShares Russell Mid-Cap ETF 0.04% 37,936 $3.7M Reduce -3.9%
NOW ServiceNow Inc. 0.04% 35,274 $3.7M Reduce -10.5%
HD Home Depot Inc. 0.04% 10,989 $3.6M Reduce -8.1%
CAT Caterpillar Inc. 0.04% 4,965 $3.5M Reduce -6.6%
TSLA Tesla Inc. 0.04% 9,088 $3.4M Reduce -6.0%
ITOT iShares Core S&P Total U.S. 0.04% 23,596 $3.4M No change
COST Costco Wholesale Corp. 0.04% 3,370 $3.4M Reduce -5.8%
VTWO Vanguard Russell 2000 ETF 0.03% 32,859 $3.3M Reduce -22.1%
SNOW Snowflake Inc. 0.03% 21,732 $3.3M Add +5.9%
AXP American Express Co. 0.03% 10,720 $3.2M Reduce -7.8%
IGIB iShares 5-10Y Inv Grade Corp. 0.03% 58,930 $3.1M No change
EFV iShares MSCI Eafe Value ETF 0.03% 40,818 $3.0M Add +0.5%
PR Permian Resources Corp. Class A 0.03% 140,405 $3.0M No change
ABBV Abbvie Inc. 0.03% 13,582 $3.0M Reduce -9.8%
SCHR Schwab Intermediate-Term US 0.03% 118,064 $2.9M Reduce -7.0%
IBTJ iShares Ibonds Dec 2029 Term 0.03% 134,190 $2.9M Add +15.8%
IBTI iShares Ibonds Dec 2028 Term 0.03% 131,472 $2.9M Add +15.9%
IBTH iShares Ibonds Dec 2027 Term 0.03% 130,543 $2.9M Add +15.9%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.03% 53,740 $2.8M Reduce 0.0%
QQQM Invesco Nasdaq 100 ETF 0.03% 11,807 $2.8M Reduce -11.0%
MRK Merck & Co. Inc. 0.03% 22,613 $2.7M Reduce -3.0%
MCHI iShares MSCI China ETF 0.03% 48,546 $2.7M No change
EIPX FT Energy Inc. Partners Strat 0.03% 83,600 $2.7M No change
KMB Kimberly-Clark Corp. 0.03% 27,843 $2.7M Reduce -3.6%
IYJ iShares U.S. Industrials ETF 0.03% 18,056 $2.7M Reduce -3.4%
XLE SS Energy Select Sector 0.03% 41,338 $2.5M Reduce -1.7%
IAU iShares Gold Trust 0.03% 26,982 $2.4M Reduce -0.7%
BEP Brookfield Renewable Partner 0.03% 72,753 $2.4M Add +1.4%
FBTC Fidelity Wise Origin Bitcoin 0.03% 40,174 $2.4M No change
REG Regency Centers Corp. 0.03% 31,196 $2.4M Reduce -0.9%
SBR Sabine Royalty Trust 0.02% 31,115 $2.3M No change
EPD Enterprise Products Partners 0.02% 61,157 $2.3M Reduce -6.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.02% 43,966 $2.3M Add +0.1%
AVB Avalonbay Communities Inc. 0.02% 13,951 $2.3M Reduce -2.1%
IWY iShares Russell Top 200 Grow 0.02% 8,950 $2.2M No change
NFLX Netflix Inc. 0.02% 22,987 $2.2M Add +12.1%
OTF Blue Owl Technology Finance 0.02% 174,082 $2.2M Add +76.2%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.02% 4,594 $2.1M No change
IBIT iShares Bitcoin Trust ETF 0.02% 55,084 $2.1M Reduce -2.2%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 5,154 $2.0M Reduce -15.2%
SYK Stryker Corp. 0.02% 5,981 $2.0M Reduce -6.1%
ET Energy Transfer LP 0.02% 99,137 $1.9M Reduce -7.6%
ABT Abbott Laboratories 0.02% 18,414 $1.9M Add +3.0%
TNGY Tortoise Energy ETF 0.02% 178,183 $1.9M Reduce -0.7%
ADI Analog Devices Inc. 0.02% 5,802 $1.8M Reduce -1.9%
MA Mastercard Inc. Class A 0.02% 3,678 $1.8M Add +13.8%
PLTR Palantir Technologies Inc. Class A 0.02% 12,313 $1.8M Reduce -14.0%
CSCO Cisco Systems Inc. 0.02% 23,029 $1.8M Reduce -8.1%
VFH Vanguard Financials ETF 0.02% 14,478 $1.7M Reduce -0.9%
CIBR First Trust Nasdaq Cybersecu 0.02% 27,494 $1.7M Reduce -5.9%
VCSH Vanguard S/T Corp. Bond ETF 0.02% 21,234 $1.7M No change
NVGS Navigator Holdings Ltd. 0.02% 86,640 $1.7M Reduce -7.8%
KLAC KLA Corp. 0.02% 1,130 $1.7M Reduce -6.6%
CL Colgate-Palmolive Co. 0.02% 19,251 $1.6M Reduce -7.2%
VXUS Vanguard Total Intl Stock 0.02% 21,257 $1.6M Reduce -5.7%
DAL Delta Air Lines Inc. 0.02% 24,565 $1.6M Reduce -3.7%
PNC PNC Financial Services Group 0.02% 7,708 $1.6M Reduce -11.2%
CRM Salesforce Inc. 0.02% 8,467 $1.6M Reduce -20.8%
XBI SS SPDR S&P Biotech ETF 0.02% 12,257 $1.6M Add +1.6%
AMGN Amgen Inc. 0.02% 4,448 $1.6M Reduce -1.9%
COP Conocophillips 0.02% 11,848 $1.6M Reduce -30.2%
EOG EOG Resources Inc. 0.02% 10,802 $1.6M Reduce -6.4%
SONO Sonos Inc. 0.02% 115,183 $1.5M No change
XLB SS Materials Select Sector 0.02% 30,305 $1.5M Add +0.2%
WFC Wells Fargo & Co. 0.02% 19,019 $1.5M Reduce -1.5%
SHOP Shopify Inc. Class A 0.02% 12,737 $1.5M Reduce -7.4%
SPEM State Street SP PTF Em ETF 0.02% 32,018 $1.5M Add +3.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.02% 4,053 $1.5M Add +0.1%
MCD McDonald's Corp. 0.02% 4,718 $1.5M Reduce -11.2%
AMD Advanced Micro Devices 0.02% 7,195 $1.5M Add +40.1%
SCZ iShares MSCI Eafe Small-Cap 0.02% 18,480 $1.4M Reduce -5.2%
SCHM Schwab US Mid Cap ETF 0.02% 46,143 $1.4M No change
VYMI Vanguard Int High DVD YLD Inc. 0.01% 14,976 $1.4M Reduce -50.6%
FANG Diamondback Energy Inc. 0.01% 7,015 $1.4M Reduce -74.1%
SGOL Abrdn Physical Gold Shares 0.01% 30,517 $1.4M Add +73.7%
ARM Arm Holdings PLC-ADR 0.01% 8,788 $1.3M No change
ABEV Ambev SA-ADR 0.01% 455,042 $1.3M Add +3.2%
DVY iShares Select Dividend ETF 0.01% 8,735 $1.3M No change
IXC iShares Global Energy ETF 0.01% 22,784 $1.3M Add +6.5%
ACWX iShares MSCI Acwi Ex US ETF 0.01% 18,983 $1.3M No change
ADP Automatic Data Processing 0.01% 6,338 $1.3M Reduce -25.2%
XLC SS Comm Select Sector SPDR 0.01% 11,632 $1.3M Reduce -5.8%
QDEF NT Qual Div Def ETF 0.01% 16,066 $1.3M Add +8.6%
WDAY Workday Inc. Class A 0.01% 9,793 $1.3M Reduce -0.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.01% 27,623 $1.3M Reduce -8.0%
BBD Banco Bradesco-ADR 0.01% 342,489 $1.3M Add +0.2%
FNDE Schwab Fndmntl Em MRK Eq ETF 0.01% 32,373 $1.2M Reduce -13.4%
FTNT Fortinet Inc. 0.01% 15,115 $1.2M Add +128.4%
BLK BlackRock Inc. 0.01% 1,261 $1.2M Reduce -1.9%
NEE Nextera Energy Inc. 0.01% 12,979 $1.2M Reduce -16.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 82,499 $1.2M Reduce -1.8%
IBTG iShares Ibonds Dec 2026 Term 0.01% 51,719 $1.2M Add +51.1%
PJAN Innovator U.S. Equity Power 0.01% 25,469 $1.2M No change
WM Waste Management Inc. 0.01% 5,078 $1.2M Reduce -5.3%
UNH Unitedhealth Group Inc. 0.01% 4,309 $1.2M Reduce -4.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.01% 8,007 $1.2M Add +0.6%
IBTK iShares Ibonds Dec 2030 Trea 0.01% 57,517 $1.1M Add +54.0%
VONV Vanguard Russell 1000 Value 0.01% 12,035 $1.1M No change
IAT iShares US Regional Banks Et 0.01% 20,925 $1.1M Reduce -38.8%
XLF SS Financial Select Sector 0.01% 22,345 $1.1M Reduce -27.2%
MPC Marathon Petroleum Corp. 0.01% 4,500 $1.1M Reduce -3.6%
DFAC Dimensional US Core Equity 2 0.01% 28,110 $1.1M New
SLV iShares Silver Trust 0.01% 15,836 $1.1M Reduce -6.6%
BCAX Bicara Therapeutics Inc. 0.01% 53,430 $1.1M No change
PEP Pepsico Inc. 0.01% 6,790 $1.1M Reduce -21.1%
DUK Duke Energy Corp. 0.01% 7,927 $1.0M Reduce -6.9%
LMT Lockheed Martin Corp. 0.01% 1,651 $998K Reduce -4.0%
USB US Bancorp 0.01% 18,695 $982K Add +81.2%
VOOV Vanguard S&P 500 Value ETF 0.01% 4,809 $980K Reduce -0.0%
SPTM SS SPDR P S&P 1500 Comp ETF 0.01% 12,395 $980K Add +0.3%
BP BP PLC-Spons ADR 0.01% 20,705 $973K Reduce -18.5%
GRAB Grab Holdings Ltd. Class A 0.01% 264,214 $967K No change
LOW Lowe's Cos Inc. 0.01% 4,067 $961K Reduce -27.0%
TMO Thermo Fisher Scientific Inc. 0.01% 1,953 $961K Reduce -8.7%
OKE Oneok Inc. 0.01% 10,599 $958K Reduce -22.5%
OKTA Okta Inc. 0.01% 11,856 $933K Reduce -0.0%
LRCX Lam Research Corp. 0.01% 4,353 $930K Reduce -11.7%
IGF iShares Global Infrastructur 0.01% 13,867 $929K Reduce -59.7%
ZETA Zeta Global Holdings Corp. Class A 0.01% 58,282 $928K Add +56.4%
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 6,949 $921K Add +1.7%
GILD Gilead Sciences Inc. 0.01% 6,563 $915K Reduce -7.6%
EMR Emerson Electric Co. 0.01% 6,897 $904K Reduce -0.0%
IEUR iShares Core MSCI Europe ETF 0.01% 12,859 $904K Reduce -2.1%
UPST Upstart Holdings Inc. 0.01% 35,140 $901K No change
LYFT LYFT Inc. Class A 0.01% 66,838 $889K No change
XLV SS Health Care Select Sector 0.01% 6,021 $883K Reduce -7.1%
JVAL JPMorgan US Value Factor ETF 0.01% 17,721 $866K No change
VXF Vanguard Extended Market ETF 0.01% 4,193 $863K Reduce -15.1%
ICF iShares Select U.S. REIT ETF 0.01% 13,927 $862K Reduce -20.6%
PM Philip Morris International 0.01% 5,189 $859K Add +14.1%
SNPS Synopsys Inc. 0.01% 2,130 $845K Reduce -3.4%
ROK Rockwell Automation Inc. 0.01% 2,349 $843K No change
RBRK Rubrik Inc. Class A 0.01% 17,141 $839K No change
VRT Vertiv Holdings Co. Class A 0.01% 3,329 $834K Reduce -0.6%
PFE Pfizer Inc. 0.01% 29,591 $831K Reduce -2.2%
SOC Sable Offshore Corp. 0.01% 50,000 $826K No change
IWX iShares Russell Top 200 Valu 0.01% 8,851 $820K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.01% 614 $811K Reduce -6.8%
NFRA NT GLBL BRD Infra ETF 0.01% 12,603 $806K No change
DNTH Dianthus Therapeutics Inc. 0.01% 9,375 $787K No change
ARKX ARK Space & Defense Innovati 0.01% 26,081 $765K No change
AGNC AGNC Investment Corp. 0.01% 76,024 $763K Reduce -0.4%
IJS iShares S&P Small-Cap 600 Va 0.01% 6,423 $761K Add +1.6%
PAA Plains All Amer Pipeline LP 0.01% 33,214 $742K No change
PNFP Pinnacle Financial Partners 0.01% 8,479 $730K New
XLY SS Consumer Disc Select Sect 0.01% 6,582 $717K Reduce -23.4%
CTAS Cintas Corp. 0.01% 4,172 $706K Reduce -0.0%
IXUS iShares Core Intl Stock ETF 0.01% 8,041 $697K No change
FIDU Fidelity MSCI Indust Indx 0.01% 7,955 $688K No change
UMAC Unusual Machines Inc. 0.01% 54,448 $675K Reduce -5.6%
PTEN Patterson-Uti Energy Inc. 0.01% 62,024 $672K Reduce -49.2%
XLP SS Consumer Staples Sel Sect 0.01% 8,088 $663K Reduce -6.5%
AAXJ iShares MSCI All Country Asi 0.01% 6,859 $660K No change
SUSA iShares ESG Optimized MSCI U 0.01% 4,984 $658K Reduce -1.9%
RBLX Roblox Corp. Class A 0.01% 11,628 $658K Reduce -0.8%
BSV Vanguard Short-Term Bond ETF 0.01% 8,260 $648K No change
RY Royal Bank of Canada 0.01% 3,966 $642K Add +0.3%
PGR Progressive Corp. 0.01% 3,215 $637K Reduce -1.7%
BIP Brookfield Infrastructure Pa 0.01% 17,643 $637K Add +6.9%
UAA Under Armour Inc. Class A 0.01% 106,567 $630K No change
SCHO Schwab Short-Term US Treas 0.01% 25,942 $630K Reduce -98.2%
IWN iShares Russell 2000 Value E 0.01% 3,285 $623K Add +0.0%
INTC Intel Corp. 0.01% 14,093 $622K Reduce -14.5%
INVH Invitation Homes Inc. 0.01% 25,018 $622K Add +39.7%
APD Air Products & Chemicals Inc. 0.01% 2,138 $621K Reduce -7.5%
ARTY iShares Future AI & Tech ETF 0.01% 13,093 $609K No change
HUBB Hubbell Inc. 0.01% 1,237 $607K Reduce -12.6%
ESGD iShares Trust iShares ESG Aw 0.01% 6,296 $602K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 6,150 $593K Reduce -14.9%
DDOG Datadog Inc. Class A 0.01% 5,000 $590K Reduce -4.4%
DXJ Wisdomtree Japan Hedged Eq 0.01% 3,698 $586K Reduce -60.1%
ADBE Adobe Inc. 0.01% 2,307 $561K Add +21.8%
MDYG SS SPDR S&P 400 MC GR ETF 0.01% 5,834 $560K Reduce -48.4%
GBDC Golub Capital BDC Inc. 0.01% 43,946 $556K Reduce -83.4%
ROP Roper Technologies Inc. 0.01% 1,567 $554K Reduce -10.8%
NOC Northrop Grumman Corp. 0.01% 812 $554K Reduce -5.3%
ANNX Annexon Inc. 0.01% 99,000 $548K New
VIS Vanguard Industrials ETF 0.01% 1,730 $540K No change
AMAT Applied Materials Inc. 0.01% 1,575 $538K Reduce -15.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 2,459 $534K Reduce -10.7%
EFG iShares MSCI Eafe Growth ETF 0.01% 4,783 $533K Reduce -0.3%
RKT Rocket Cos Inc. Class A 0.01% 36,575 $521K Reduce -1.8%
DFAX Dimensional World Ex US Core 0.01% 15,247 $518K New
FHTX Foghorn Therapeutics Inc. 0.01% 106,980 $511K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 3,200 $511K Reduce -9.8%
MICC The Magnum Ice Cream Co. NV 0.01% 34,769 $510K Reduce -21.3%
WHR Whirlpool Corp. 0.01% 9,451 $510K Reduce -0.3%
GD General Dynamics Corp. 0.01% 1,477 $507K Reduce -10.2%
PAGP Plains GP Holdings LP 0.01% 20,861 $507K Reduce -9.4%
LNG Cheniere Energy Inc. 0.01% 1,741 $494K Reduce -14.6%
COIN Coinbase Global Inc. Class A 0.01% 2,828 $494K Reduce -4.3%
ACN Accenture PLC Class A 0.01% 2,459 $488K Reduce -9.5%
WMB Williams Cos Inc. 0.01% 6,624 $482K Reduce -26.7%
CSX CSX Corp. 0.00% 11,089 $455K New
BTC Grayscale Bitcoin Mini ETF 0.00% 15,171 $455K No change
MO Altria Group Inc. 0.00% 6,826 $450K Reduce -27.9%
MMM 3M Co. 0.00% 3,029 $440K Reduce -1.7%
VTEI Vanguard Int Tax-Exempt Bond 0.00% 4,390 $439K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 2,022 $438K Reduce -13.5%
ILCG iShares Morningstar Growth E 0.00% 4,575 $437K No change
IYW iShares Ustechnology ETF 0.00% 2,370 $430K No change
VGK Vanguard Ftse Europe ETF 0.00% 5,166 $426K Reduce -4.8%
PPG PPG Industries Inc. 0.00% 3,970 $424K No change
QTRX Quanterix Corp. 0.00% 120,035 $423K No change
ISRG Intuitive Surgical Inc. 0.00% 917 $422K Reduce -2.0%
STX Seagate Technology Holdings 0.00% 1,078 $422K Reduce -16.6%
SCHV Schwab US Large-Cap Value 0.00% 13,234 $404K Reduce -64.7%
SPYV SS SPDR P S&P 500 Value ETF 0.00% 7,131 $403K No change
DHR Danaher Corp. 0.00% 2,080 $394K Reduce -25.2%
VCR Vanguard Consumer Discre ETF 0.00% 1,092 $392K Reduce -0.8%
BITB Bitwise Bitcoin ETF 0.00% 10,638 $392K No change
IWO iShares Russell 2000 Growth 0.00% 1,232 $387K Reduce -9.5%
SCHW Schwab (charles) Corp. 0.00% 4,101 $385K Reduce -9.9%
PRF Invesco Rafi US 1000 ETF 0.00% 8,086 $384K Add +0.4%
ANRO Alto Neuroscience Inc. 0.00% 16,840 $379K Reduce -49.6%
PLD Prologis Inc. 0.00% 2,859 $378K Reduce -9.2%
RVMD Revolution Medicines Inc. 0.00% 3,867 $376K No change
VFMO Vanguard US Momentum Factor 0.00% 1,890 $372K Add +0.1%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.00% 13,261 $371K Reduce -16.9%
REGN Regeneron Pharmaceuticals 0.00% 471 $364K Add +0.2%
RWL Invesco S&P 500 Revenue ETF 0.00% 3,111 $357K No change
KMI Kinder Morgan Inc. 0.00% 10,595 $355K Reduce -13.9%
RF Regions Financial Corp. 0.00% 13,290 $351K Reduce -33.2%
CCAP Crescent Capital BDC Inc. 0.00% 28,814 $350K No change
TPL Texas Pacific Land Corp. 0.00% 732 $347K No change
AIQ Global X Art Intel & Tech 0.00% 7,435 $347K Reduce -25.3%
VZ Verizon Communications Inc. 0.00% 6,862 $344K Reduce -21.5%
NKE Nike Inc. Class B 0.00% 6,487 $344K Add +5.5%
CARR Carrier Global Corp. 0.00% 6,105 $344K Add +0.1%
AESI Atlas Energy Solutions Inc. 0.00% 26,164 $343K No change
ESGE iShares Inc. iShares ESG Awar 0.00% 7,521 $342K No change
CMCSA Comcast Corp. Class A 0.00% 11,897 $342K Reduce -7.8%
EFAX State Street SPDR MSCI Eafe 0.00% 6,785 $338K No change
WBD Warner Bros Discovery Inc. 0.00% 12,297 $338K Reduce -1.3%
IJK iShares S&P Mid-Cap 400 Grow 0.00% 3,319 $334K Add +3.7%
FMAT Fidelity MSCI Materials Indx 0.00% 5,788 $334K No change
UBER Uber Technologies Inc. 0.00% 4,601 $331K Reduce -20.1%
ETN Eaton Corp. PLC 0.00% 907 $324K Reduce -21.1%
CBRE CBRE Group Inc. Class A 0.00% 2,363 $320K Reduce -2.7%
RKLB Rocket Lab Corp. 0.00% 4,983 $320K Reduce -12.4%
PWRD TCW Transform Systems ETF 0.00% 3,161 $309K Add +2.9%
PSX Phillips 66 0.00% 1,690 $308K Reduce -78.8%
DELL Dell Technologies -C 0.00% 1,862 $306K Reduce -3.9%
AVEM Avantis Emerging Markets Eq 0.00% 3,766 $303K New
MU Micron Technology Inc. 0.00% 896 $303K Reduce -61.8%
MTB M & T Bank Corp. filed as M & T BK CORP 0.00% 1,457 $301K Reduce -0.1%
SBUX Starbucks Corp. 0.00% 3,307 $296K Reduce -2.4%
BMY Bristol-Myers Squibb Co. 0.00% 4,855 $294K Add +2.8%
HUBS HubSpot Inc. 0.00% 1,191 $291K No change
AM Antero Midstream Corp. 0.00% 12,568 $287K Reduce -7.1%
CEG Constellation Energy 0.00% 1,021 $285K Reduce -0.8%
SO The Southern Co. 0.00% 2,946 $284K Reduce -35.2%
NVO Novo-Nordisk A/S-Spons ADR 0.00% 7,505 $284K Reduce -94.5%
DCRE DBL Comm Real Est Debt 0.00% 5,464 $284K Add +0.8%
DFAT Dimensional US Target Value 0.00% 4,457 $278K New
EQT Eqt Corp. 0.00% 4,348 $277K Reduce -12.1%
DMBS Doubleline Mortgage ETF 0.00% 5,527 $273K Add +0.8%
D Dominion Energy Inc. 0.00% 4,400 $272K Reduce -95.9%
JBL Jabil Inc. 0.00% 1,011 $269K Reduce -0.2%
AMP Ameriprise Financial Inc. 0.00% 603 $268K Reduce -16.6%
Z Zillow Group Inc. Class C 0.00% 6,411 $265K No change
TSCO Tractor Supply Company 0.00% 5,700 $258K Reduce -15.0%
XNTK SS SPDR Nyse Tech ETF 0.00% 1,000 $255K No change
ISEP Innovator Intl Dev Eq Power 0.00% 7,654 $251K No change
MSCI MSCI Inc. 0.00% 464 $250K New
C Citigroup Inc. 0.00% 2,141 $243K Reduce -51.3%
VTES Vanguard SH Term Tax-Ex Bond 0.00% 2,368 $239K New
GEV GE Vernova Inc. 0.00% 272 $237K Reduce -37.8%
SANA Sana Biotechnology Inc. 0.00% 81,250 $234K No change
AGCO Agco Corp. 0.00% 2,000 $232K No change
ROL Rollins Inc. 0.00% 4,327 $231K Add +0.2%
UBS UBS Group AG-Reg 0.00% 5,831 $228K No change
IGM iShares Expanded Tech Sector 0.00% 1,899 $225K Reduce -63.5%
GPN Global Payments Inc. 0.00% 3,330 $224K Reduce -13.9%
Q Qnity Electronics Inc. 0.00% 1,913 $221K Reduce -47.3%
SPAB SS SPDR P Agg Bond ETF 0.00% 8,519 $218K New
VIR Vir Biotechnology Inc. 0.00% 24,200 $217K No change
UFPI Ufp Industries Inc. 0.00% 2,352 $217K Reduce -1.8%
SCHZ Schwab US Aggregate Bond ETF 0.00% 9,325 $217K Add +0.7%
DFUS Dimensional US Eq MKT ETF 0.00% 3,043 $216K No change
FBNC First Bancorp 0.00% 3,779 $213K New
ICE Intercontinental Exchange Inc. 0.00% 1,330 $209K Reduce -28.1%
OUNZ Vaneck Merk Gold ETF 0.00% 4,596 $207K New
UCB United Community Banks 0.00% 6,503 $206K No change
DOV Dover Corp. 0.00% 989 $206K Reduce -3.9%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 1,883 $205K No change
USMV iShares MSCI USA Min Vol Fac 0.00% 2,203 $204K No change
DKNG Draftkings Inc. Class A 0.00% 9,318 $201K No change
WES Western Midstream Partners L 0.00% 4,883 $201K New
CXW Corecivic Inc. 0.00% 10,000 $189K No change
RGTI Rigetti Computing Inc. 0.00% 11,670 $164K No change
SD Sandridge Energy Inc. 0.00% 10,000 $163K No change
CGBD Carlyle Secured Lending Inc. 0.00% 11,314 $128K No change
ABTC American Bitcoin Corp. 0.00% 112,475 $104K No change
EDIT Editas Medicine Inc. 0.00% 35,000 $86K No change
OPAL Opal Fuels Inc. Class A 0.00% 33,123 $83K No change
HTZ Hertz Global Hldgs Inc. 0.00% 17,241 $79K Reduce -2.3%
ASTC Astrotech Corp. 0.00% 11,761 $62K No change
GEMI Gemini Space Station Inc. Class A 0.00% 13,094 $58K New
ATOM Atomera Inc. 0.00% 10,000 $38K No change
ZONE Zone Frontier Inc. filed as CLEANCORE SOLUTIONS INC 0.00% 100,000 $36K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $693K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 325$387KReduce -5.3%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 265$306KReduce -8.3%

Total filed on the 13F, all lines: $9.4B.

Portfolio Sells Q4 2025 → Q1 2026

AGG iShares Core U.S. Aggregate Reduce -69.3% 0.20% −0.45
IWV iShares Russell 3000 ETF Reduce -0.5% 7.33% −0.36
SCHO Schwab Short-Term US Treas Reduce -98.2% 0.01% −0.36
VOO Vanguard S&P 500 ETF Reduce -4.2% 2.81% −0.27
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 4.83% −0.27
HCA HCA Healthcare Inc. Reduce -68.0% 0.10% −0.20
QUAL iShares MSCI USA Quality Fac Reduce -4.8% 1.62% −0.14
MSFT Microsoft Corp. Reduce -2.8% 0.41% −0.14
VONG Vanguard Russell 1000 Growth Reduce -6.4% 0.68% −0.13
RTX RTX Corp. Reduce -37.1% 0.24% −0.12
META Meta Platforms Inc. Class A Reduce -31.0% 0.18% −0.12
ALNY Alnylam Pharmaceuticals Inc. Reduce -0.0% 0.52% −0.11
BND Vanguard Total Bond Market Reduce -28.3% 0.25% −0.10
VIGI Vanguard Int Div App Indx FD Reduce -10.7% 0.60% −0.09
AAPL Apple Inc. Reduce -6.4% 0.53% −0.08
NVO Novo-Nordisk A/S-Spons ADR Reduce -94.5% 0.00% −0.07
D Dominion Energy Inc. Reduce -95.9% 0.00% −0.06
AFL Aflac Inc. Sold out 0.00% −0.06
AVGO Broadcom Inc. Reduce -6.3% 0.32% −0.06
JPM JPMorgan Chase & Co. Reduce -6.2% 0.34% −0.06
IVV iShares Core S&P 500 ETF Reduce -1.6% 0.81% −0.05
IVW iShares S&P 500 Growth ETF Reduce -0.1% 0.57% −0.05
NVDA Nvidia Corp. Reduce -7.6% 0.29% −0.05
IJH iShares Core S&P Midcap ETF Reduce -13.1% 0.37% −0.05
MS Morgan Stanley Reduce -8.7% 0.25% −0.05
QQQ Invesco QQQ Trust Series 1 Reduce -7.7% 0.29% −0.04
SMG Scotts Miracle-Gro Co. Sold out 0.00% −0.04
IWF iShares Russell 1000 Growth Reduce -1.1% 0.32% −0.04
ESGV Vanguard ESG US Stock ETF Reduce -0.6% 0.46% −0.04
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -25.7% 0.15% −0.04
EVLV Evolv Technologies Holdings Reduce -4.5% 0.19% −0.04
GBDC Golub Capital BDC Inc. Reduce -83.4% 0.01% −0.03
IUSG iShares Core S&P U.S. Growth Reduce -1.0% 0.33% −0.03
NSC Norfolk Southern Corp. Reduce -17.0% 0.14% −0.03
TOST Toast Inc. Class A Reduce -1.9% 0.08% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -9.8% 0.23% −0.03
VGSH Vanguard Short-Term Treasury Reduce -28.0% 0.07% −0.03
FANG Diamondback Energy Inc. Reduce -74.1% 0.01% −0.03
WMT Walmart Inc. Reduce -20.3% 0.22% −0.03
EFA iShares MSCI Eafe ETF Reduce -5.5% 0.57% −0.03
ARCC Ares Capital Corp. Reduce -18.1% 0.07% −0.03
GOOGL Alphabet Inc. Class A Reduce -10.2% 0.12% −0.03
NOW ServiceNow Inc. Reduce -10.5% 0.04% −0.02
GOOG Alphabet Inc. Class C Reduce -4.4% 0.16% −0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.1% 0.18% −0.02
MUB iShares National Muni Bond E Reduce -12.0% 0.15% −0.02
DB Deutsche Bank AG-Registered Reduce -2.1% 0.07% −0.02
IQLT iShares MSCI International Q Reduce -7.3% 0.35% −0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.4% 0.36% −0.02
OBDC Blue Owl Capital Corp. Reduce -13.4% 0.07% −0.02

Portfolio Buys Q4 2025 → Q1 2026

VGIT Vanguard Intermediate-Term T Add +15.1% 12.14% +1.52
VT Vanguard Tot World STK ETF Add +67.7% 1.81% +0.71
STIP iShares 0-5 Year Tips Bond E Add +78.3% 1.06% +0.47
SPYM Ste STR SPDR PT S&P 500 ETF Add +18.1% 2.52% +0.28
VB Vanguard Most SM-Cap ETF-Usd Add +75.2% 0.61% +0.27
STZ Constellation Brands Inc. Class A New 0.19% +0.19
NYT New York Times Co. Class A Add +12.0% 0.70% +0.18
RIO Rio Tinto PLC-Spon ADR Add +5925.3% 0.17% +0.17
AZN Astrazeneca PLC Add +445.0% 0.18% +0.15
RSP Invesco S&P 500 Equal Weight Add +11.7% 1.36% +0.14
PDBC Invesco Optimum Yield Divers Add +1.8% 0.39% +0.10
VBIL Vanguard 0-3M T-Bill ETF Add +8.3% 1.19% +0.09
TBN Tamboran Resources Corp. Add +113.8% 0.11% +0.08
HIW Highwoods Properties Inc. Add +164.0% 0.13% +0.07
ENB Enbridge Inc. Add +247.4% 0.10% +0.07
VGLT Vanguard Long-Term Treasury Add +14.4% 0.60% +0.07
STUB Stubhub Holdings Inc. Class A New 0.05% +0.05
AGIO Agios Pharmaceuticals Inc. Add +2.4% 0.22% +0.05
BKR Baker Hughes Co. New 0.04% +0.04
IEMG iShares Core MSCI Emerging Add +4.1% 0.44% +0.03
VNQ Vanguard Real Estate ETF Add +6.3% 0.45% +0.03
VWO Vanguard Ftse Emerging Marke Add +0.8% 2.06% +0.03
FLIN Franklin Ftse India ETF Add +102.0% 0.06% +0.02
DKS Dick's Sporting Goods Inc. Add +7.5% 0.16% +0.01
DFAC Dimensional US Core Equity 2 New 0.01% +0.01
SCHD Schwab US DVD Equity ETF Add +0.0% 0.08% +0.01
PNFP Pinnacle Financial Partners New 0.01% +0.01
OTF Blue Owl Technology Finance Add +76.2% 0.02% +0.01
FTNT Fortinet Inc. Add +128.4% 0.01% +0.01
FERG Ferguson Enterprises Inc. Add +8.5% 0.06% +0.01
SGOL Abrdn Physical Gold Shares Add +73.7% 0.01% +0.01
ANNX Annexon Inc. New 0.01% +0.01
DFAX Dimensional World Ex US Core New 0.01% +0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +0.3% 0.17% +0.01
CSX CSX Corp. New 0.00% +0.00
BEP Brookfield Renewable Partner Add +1.4% 0.03% +0.00
USB US Bancorp Add +81.2% 0.01% +0.00
IXC iShares Global Energy ETF Add +6.5% 0.01% +0.00
AMLP Alerian MLP ETF Add +0.1% 0.04% +0.00
IBTG iShares Ibonds Dec 2026 Term Add +51.1% 0.01% +0.00
IBTK iShares Ibonds Dec 2030 Trea Add +54.0% 0.01% +0.00
IBTH iShares Ibonds Dec 2027 Term Add +15.9% 0.03% +0.00
IBTJ iShares Ibonds Dec 2029 Term Add +15.8% 0.03% +0.00
IBTI iShares Ibonds Dec 2028 Term Add +15.9% 0.03% +0.00
AMD Advanced Micro Devices Add +40.1% 0.02% +0.00
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.9% 0.26% +0.00
AVEM Avantis Emerging Markets Eq New 0.00% +0.00
NFLX Netflix Inc. Add +12.1% 0.02% +0.00
DFAT Dimensional US Target Value New 0.00% +0.00
TFPM Triple Flag Precious Met Add +0.1% 0.06% +0.00

Notes & Other Activity Q4 2025 → Q1 2026

BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -5.3% 325 $387K
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -8.3% 265 $306K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 483$10.6BVGIT, VTI, IWV, VEA, SPY
Q1 2026 466$9.4BVGIT, VTI, IWV, VEA, SPY
Q4 2025 491$9.4BVGIT, VTI, IWV, VEA, SPY
Q3 2025 509$9.2BVGIT, VTI, IWV, VEA, SPY
Q2 2025 547$9.0BVTI, IWV, VGIT, VEA, SPY
Q1 2025Amended 511$7.9BVTI, VGIT, IWV, VEA, SPY
Q4 2024 69$4.8BVTI, VGIT, IWV, VEA, VGSH
Q3 2024 68$5.0BIWV, VGIT, VTI, VEA, SCHB
Q2 2024 67$4.8BIWV, VTI, VGIT, VEA, SCHB
Q1 2024Amended 71$4.7BIWV, VGIT, VTI, VEA, SCHB