Waterloo Capital, L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Waterloo Capital, L.P. reported 477 stock positions worth $1.4 billion. Its top holding was Walmart (WMT) at 4.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 3.7%) and SS SPDR P S&P 500 Growth ETF (SPYG, 2.4%). Compared with Q4 2025, it opened 77 new positions, sold out of 53, added to 181 and reduced 200. The biggest buy was a new position in Dim US Large Cap Value ETF (DFLV) and the biggest sale iShares Russell 1000 Value E (IWD, shares −70%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001730942
Portfolio Value
$1.4B (Q1 2026)
SEC Filing
0001104659-26-059213 ↗ filed May 12, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $782.2M Q1 2024 Q2 2024: $832.8M Q2 2024 Q3 2024: $915.6M Q3 2024 Q4 2024: $947.9M Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.4B $1.4B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 477 stocks · $1.4B

WMT Walmart Inc. 4.43% 507,239 $63.0M Add +16.7%
IVV iShares Core S&P 500 ETF 3.68% 80,219 $52.4M Add +1.9%
SPYG SS SPDR P S&P 500 Growth ETF 2.42% 351,013 $34.4M Reduce -11.1%
FENI Fidelity Enhanced Intl ETF 2.30% 878,848 $32.7M Add +29.0%
ACIO Aptus Collared Invest Opp 2.25% 762,012 $32.0M Add +0.3%
AAPL Apple Inc. 2.20% 123,320 $31.3M Reduce -11.7%
DFLV Dim US Large Cap Value ETF 2.12% 843,190 $30.1M New
NVDA Nvidia Corp. 2.06% 168,374 $29.4M Reduce -1.2%
RSP Invesco S&P 500 Equal Weight 2.05% 151,987 $29.2M Add +1.4%
QQQM Invesco Nasdaq 100 ETF 1.85% 110,646 $26.3M Reduce -12.9%
IDUB Aptus Intl Enhan YLD ETF 1.69% 973,021 $24.0M Reduce -0.4%
GBIL Goldman Sachs Access Treasur 1.63% 231,921 $23.2M Add +20.3%
EMXC iShares MSCI Emr MRK Ex Chna 1.60% 289,177 $22.7M Add +247.1%
JCPB JPMorgan Core Plus Bond ETF 1.49% 449,902 $21.2M Reduce -0.5%
DRSK Aptus Defined Risk ETF 1.38% 718,009 $19.6M Add +5.7%
VOO Vanguard S&P 500 ETF 1.36% 32,396 $19.4M Add +1.0%
VEA Vanguard Ftse Developed ETF 1.34% 298,169 $19.1M Reduce -1.7%
OSCV Opus Small Cap Value ETF 1.29% 463,754 $18.3M Reduce -1.0%
MSFT Microsoft Corp. 1.11% 42,638 $15.8M Reduce -6.8%
MUB iShares National Muni Bond E 1.03% 137,938 $14.6M Reduce -0.3%
AVGO Broadcom Inc. 1.00% 46,117 $14.3M Reduce -4.7%
SPYM Ste STR SPDR PT S&P 500 ETF 0.98% 181,838 $13.9M Reduce -6.3%
BSV Vanguard Short-Term Bond ETF 0.91% 165,432 $13.0M Add +74.5%
ADME Aptus Drwdwn MGD Eqty ETF 0.90% 258,743 $12.8M Reduce -1.6%
SMH Vaneck Semiconductor ETF 0.88% 32,797 $12.6M Add +68.8%
AMZN Amazon.com Inc. 0.88% 60,024 $12.5M Add +1.1%
SLQD iShares 0-5 YR Inv GRD Corp. 0.86% 241,981 $12.2M Add +16.9%
JPIE JPMorgan Income ETF 0.78% 239,785 $11.0M Add +29.5%
SPTI SS SPDR P Int Term TSY ETF 0.78% 385,062 $11.0M Add +6.9%
SPLV Invesco S&P 500 Low Volatili 0.75% 146,450 $10.7M Add +938.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.74% 115,508 $10.6M Add +1432.1%
UPSD Aptus Large Cap Upside ETF 0.73% 405,018 $10.3M Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.72% 15,829 $10.3M Reduce -4.5%
SHYG iShares 0-5 YR HY Corp. Bond 0.72% 241,652 $10.2M Reduce -8.2%
GOOG Alphabet Inc. Class C 0.69% 34,103 $9.8M Reduce -9.7%
GOOGL Alphabet Inc. Class A 0.68% 33,857 $9.7M Add +24.5%
IAU iShares Gold Trust 0.68% 109,094 $9.6M Add +26.6%
IWD iShares Russell 1000 Value E 0.67% 44,912 $9.6M Reduce -70.4%
IEFA iShares Core MSCI Eafe ETF 0.66% 104,499 $9.5M Reduce -11.1%
VWO Vanguard Ftse Emerging Marke 0.65% 172,320 $9.3M Reduce -1.1%
AGG iShares Core U.S. Aggregate 0.62% 88,921 $8.8M Add +42.7%
SJNK SS SPDR BB St Hi Yield ETF 0.60% 340,418 $8.5M Reduce -10.4%
XLI SS Industrial Select Sector 0.59% 51,754 $8.4M Add +1001.6%
IEF iShares 7-10 Year Treasury B 0.57% 84,744 $8.1M Reduce -38.0%
DUBS Aptus LRG Cap Enh YLD ETF 0.55% 216,432 $7.8M Add +0.8%
EWJ iShares MSCI Japan ETF 0.54% 91,065 $7.7M Add +1.2%
BKGI BNY Mellon GLBL Infra Inc. 0.53% 168,663 $7.5M Add +147.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.51% 67,015 $7.3M Add +17.0%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.50% 156,327 $7.1M Add +4.9%
PM Philip Morris International 0.48% 41,374 $6.8M Reduce -1.9%
SGOV iShares 0-3 Month Treasury B 0.48% 67,543 $6.8M Add +451.8%
SPHY SS SPDR P High Yield ETF 0.47% 289,286 $6.7M Reduce -29.8%
TSLA Tesla Inc. 0.44% 16,753 $6.2M Reduce -2.2%
MO Altria Group Inc. 0.43% 93,629 $6.2M Add +7.5%
OHI Omega Healthcare Investors 0.43% 140,304 $6.1M Add +6.7%
IEMG iShares Core MSCI Emerging 0.43% 86,966 $6.1M Reduce -68.3%
QQQ Invesco QQQ Trust Series 1 0.42% 10,392 $6.0M Add +5.9%
ACWX iShares MSCI Acwi Ex US ETF 0.42% 87,100 $6.0M Reduce -1.6%
META Meta Platforms Inc. Class A 0.41% 10,250 $5.9M Reduce -6.0%
XOM Exxon Mobil Corp. 0.41% 34,170 $5.8M Reduce -4.2%
CWEN.A Clearway Energy Inc. Class A 0.41% 147,151 $5.8M Add +1.1%
JNJ Johnson & Johnson 0.40% 23,463 $5.7M Reduce -0.7%
SBRA Sabra Health Care REIT Inc. 0.40% 297,136 $5.7M Add +12.4%
JPM JPMorgan Chase & Co. 0.39% 18,850 $5.5M Add +0.3%
ATO Atmos Energy Corp. 0.37% 28,594 $5.3M Reduce -0.6%
SPG Simon Property Group Inc. 0.37% 28,237 $5.3M Add +23.7%
INFL Horizon Kinetics Infl Benef 0.36% 97,940 $5.1M Reduce -2.1%
STX Seagate Technology Holdings 0.35% 12,891 $5.1M Reduce -38.5%
WFC Wells Fargo & Co. 0.35% 62,561 $5.0M Reduce -7.3%
DGX Quest Diagnostics Inc. 0.34% 24,819 $4.9M Reduce -5.7%
SPYV SS SPDR P S&P 500 Value ETF 0.33% 83,313 $4.7M Reduce -0.2%
KMI Kinder Morgan Inc. 0.33% 140,012 $4.7M Reduce -0.6%
GBDC Golub Capital BDC Inc. 0.33% 370,410 $4.7M Add +145.3%
V Visa Inc. Class A 0.33% 15,470 $4.7M Reduce -4.4%
ABBV Abbvie Inc. 0.32% 21,054 $4.6M Reduce -6.1%
AM Antero Midstream Corp. 0.32% 197,654 $4.5M Add +1.6%
SO The Southern Co. 0.31% 45,995 $4.4M Add +5.1%
SCHX Schwab US Large-Cap ETF 0.30% 167,463 $4.3M Reduce -5.3%
DEFR Aptus Deferred Income ETF 0.30% 161,399 $4.3M Add +1.0%
JUCY Aptus Enhanced Yield ETF 0.30% 189,835 $4.2M Add +24.1%
PPA Invesco Aerospace & Defense 0.29% 25,310 $4.2M New
KO The Coca-Cola Co. 0.29% 54,537 $4.1M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.29% 8,624 $4.1M Reduce -14.7%
PLTR Palantir Technologies Inc. Class A 0.28% 27,474 $4.0M Add +5.2%
CTA Simplify Managed Futures St 0.27% 129,051 $3.9M New
RITM Rithm Capital Corp. 0.27% 406,236 $3.9M Add +1.2%
TNL Travel + Leisure Co. 0.27% 55,433 $3.8M Add +1.6%
PWR Quanta Services Inc. 0.27% 6,901 $3.8M Reduce -4.8%
OKE Oneok Inc. 0.26% 41,193 $3.7M Add +30.8%
NFLX Netflix Inc. 0.25% 37,560 $3.6M Reduce -1.3%
CSNR C&S Nat Resources Active ETF 0.25% 95,380 $3.6M New
FTCS First Trust Capital Strength 0.25% 37,975 $3.5M Reduce -0.2%
FITB Fifth Third Bancorp 0.25% 75,749 $3.5M Reduce -0.1%
MMM 3M Co. 0.25% 24,096 $3.5M Reduce -1.6%
LNC Lincoln National Corp. 0.24% 97,764 $3.5M Add +0.6%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.24% 23,730 $3.4M Add +682.1%
LLY Eli Lilly & Co. 0.24% 3,663 $3.4M Reduce -11.9%
STWD Starwood Property Trust Inc. 0.24% 195,300 $3.4M Add +1.9%
VTI VG Morningstar TS MKT ETF-US 0.24% 10,436 $3.3M Add +1.5%
MRK Merck & Co. Inc. 0.23% 27,070 $3.3M Add +2.7%
HST Host Hotels & Resorts Inc. 0.23% 169,230 $3.2M Add +1.4%
IBIT iShares Bitcoin Trust ETF 0.22% 82,263 $3.2M Add +14.4%
XLF SS Financial Select Sector 0.22% 63,450 $3.1M Reduce -73.3%
BOXX Alpha Architect 1-3 MNTH Box 0.22% 26,482 $3.1M New
NEE Nextera Energy Inc. 0.22% 33,108 $3.1M Reduce -8.5%
LADR Ladder Capital Corp.-REIT 0.21% 310,748 $3.0M Add +0.0%
AGNC AGNC Investment Corp. 0.21% 301,937 $3.0M Add +0.7%
VZ Verizon Communications Inc. 0.21% 59,955 $3.0M Reduce -5.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.21% 61,682 $3.0M Reduce -20.9%
FANG Diamondback Energy Inc. 0.21% 15,072 $3.0M Add +14.3%
CASY Casey's General Stores Inc. 0.21% 4,093 $3.0M Add +16.6%
FE Firstenergy Corp. 0.21% 58,634 $3.0M Add +3.1%
LYB Lyondellbasell Indu Class A 0.20% 35,730 $2.9M New
ARCC Ares Capital Corp. 0.20% 157,677 $2.8M Add +1.4%
QUAL iShares MSCI USA Quality Fac 0.20% 14,559 $2.8M Reduce -55.2%
COST Costco Wholesale Corp. 0.19% 2,773 $2.8M Add +5.4%
HTGC Hercules Capital Inc. 0.19% 186,760 $2.8M Add +0.8%
OUT Outfront Media Inc. 0.19% 103,916 $2.8M Reduce -4.0%
UGI Ugi Corp. 0.19% 74,708 $2.7M Reduce -0.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 16,922 $2.7M Reduce -17.6%
EMLC Vaneck JPM Em Local Curr BND 0.19% 106,967 $2.7M Reduce -51.1%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.19% 71,483 $2.7M Add +2.6%
JBHT Hunt (jb) Transprt SVCS Inc. 0.19% 12,447 $2.6M Add +40.9%
MCD McDonald's Corp. 0.18% 8,356 $2.6M Reduce -2.4%
TSLX Sixth Street Specialty Lendi 0.18% 140,877 $2.6M Add +0.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.17% 90,562 $2.5M New
HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.17% 73,550 $2.5M Reduce -0.3%
TSN Tyson Foods Inc. Class A 0.17% 38,131 $2.4M Reduce -0.7%
IYE iShares U.S. Energy ETF 0.17% 37,534 $2.4M Add +0.4%
GLD SPDR Gold Shares 0.17% 5,611 $2.4M Add +65.5%
APH Amphenol Corp. Class A 0.16% 18,124 $2.3M Add +26.2%
BX Blackstone Inc. 0.15% 18,914 $2.2M Reduce -37.4%
CVX Chevron Corp. 0.15% 10,489 $2.2M Add +17.0%
VEU Vanguard Ftse All-World Ex-U 0.15% 28,681 $2.2M Add +105.7%
PGR Progressive Corp. 0.15% 10,826 $2.1M Add +7.8%
HD Home Depot Inc. 0.15% 6,517 $2.1M Reduce -14.7%
BLK BlackRock Inc. 0.15% 2,156 $2.1M Reduce -11.0%
XLC SS Comm Select Sector SPDR 0.15% 18,685 $2.1M Reduce -64.6%
LHX L3HARRIS Technologies Inc. 0.14% 5,933 $2.0M Reduce -20.9%
AMT American Tower Corp. 0.14% 11,820 $2.0M Add +36.2%
PEP Pepsico Inc. 0.14% 13,122 $2.0M Add +57.0%
FFIN First Finl Bankshares Inc. 0.14% 68,955 $2.0M Add +0.1%
LDOS Leidos Holdings Inc. 0.14% 13,030 $2.0M Reduce -0.7%
GDX Vaneck Gold Miners ETF 0.14% 22,009 $2.0M New
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.14% 1,508 $2.0M Reduce -24.4%
AMD Advanced Micro Devices 0.14% 9,724 $2.0M Add +45.3%
CINF Cincinnati Financial Corp. 0.14% 12,362 $1.9M Reduce -18.0%
SPGI S&P Global Inc. 0.14% 4,565 $1.9M Reduce -15.0%
WELL Welltower Inc. 0.13% 9,540 $1.9M Reduce -9.2%
EMR Emerson Electric Co. 0.13% 14,094 $1.8M Reduce -17.1%
VRT Vertiv Holdings Co. Class A 0.13% 7,368 $1.8M Reduce -15.3%
PG The Procter & Gamble Co. 0.13% 12,744 $1.8M Add +10.8%
XLK SS Technology Select Sector 0.13% 13,790 $1.8M Reduce -4.0%
IYJ iShares U.S. Industrials ETF 0.12% 12,047 $1.8M Add +0.2%
DLR Digital Realty Trust Inc. 0.12% 9,682 $1.7M Reduce -11.1%
T AT&T Inc. 0.12% 59,785 $1.7M Add +0.1%
CCI Crown Castle Inc. 0.12% 21,140 $1.7M Add +0.8%
BTC Grayscale Bitcoin Mini ETF 0.12% 57,269 $1.7M New
SCHG Schwab US Large-Cap Growth 0.12% 58,347 $1.7M Reduce -7.1%
FVD First Trust Value Line DVD 0.12% 36,039 $1.7M Reduce -0.5%
WMB Williams Cos Inc. 0.12% 23,168 $1.7M Add +38.4%
BR Broadridge Financial Solutio 0.12% 10,348 $1.7M Add +3.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 6,901 $1.7M Reduce -22.1%
CHE Chemed Corp. 0.12% 4,370 $1.7M Add +27.4%
COR Cencora Inc. 0.11% 5,173 $1.6M Reduce -13.2%
ORCL Oracle Corp. 0.11% 10,971 $1.6M Reduce -10.3%
CPRT Copart Inc. 0.11% 48,568 $1.6M Add +19.9%
UBER Uber Technologies Inc. 0.11% 21,482 $1.5M Reduce -12.5%
RAAX Vaneck Real Assets ETF 0.11% 37,514 $1.5M New
NOW ServiceNow Inc. 0.11% 14,460 $1.5M Reduce -28.0%
HCA HCA Healthcare Inc. 0.11% 3,189 $1.5M Add +6.8%
MU Micron Technology Inc. 0.11% 4,438 $1.5M Add +13.2%
AMAT Applied Materials Inc. 0.10% 4,205 $1.4M Add +54.8%
C Citigroup Inc. 0.10% 12,534 $1.4M Add +5.4%
LIN Linde PLC 0.10% 2,867 $1.4M Add +36.8%
PANW Palo Alto Networks Inc. 0.10% 8,802 $1.4M Reduce -18.9%
AOK iShares Core 30/70 Conservat 0.10% 35,302 $1.4M Reduce -2.1%
RF Regions Financial Corp. 0.10% 53,835 $1.4M Reduce -60.4%
ROST Ross Stores Inc. 0.10% 6,470 $1.4M Add +13.3%
CEG Constellation Energy 0.10% 4,984 $1.4M Reduce -13.4%
VRTX Vertex Pharmaceuticals Inc. 0.10% 3,068 $1.4M Reduce -21.9%
CAT Caterpillar Inc. 0.10% 1,916 $1.4M Reduce -3.5%
OUNZ Vaneck Merk Gold ETF 0.09% 29,118 $1.3M New
NEM Newmont Corp. 0.09% 12,070 $1.3M Reduce -16.0%
TSM Taiwan Semiconductor-SP ADR 0.09% 3,861 $1.3M Add +3.5%
IYK iShares US Consumer Staples 0.09% 18,622 $1.3M Add +0.5%
LRCX Lam Research Corp. 0.09% 6,096 $1.3M Add +14.1%
GEV GE Vernova Inc. 0.09% 1,485 $1.3M Add +72.5%
GLDM SPDR Gold Minishares Trust 0.09% 13,967 $1.3M Reduce -0.3%
WLFC Willis Lease Finance Corp. 0.09% 7,589 $1.3M New
GE General Electric filed as GE AEROSPACE 0.09% 4,543 $1.3M Reduce -16.9%
JBL Jabil Inc. 0.09% 4,848 $1.3M New
MA Mastercard Inc. Class A 0.09% 2,550 $1.3M Reduce -3.5%
ETN Eaton Corp. PLC 0.09% 3,463 $1.2M Add +10.8%
VONG Vanguard Russell 1000 Growth 0.09% 11,214 $1.2M Reduce -26.9%
JHMM John Hancock Multi Fact Mid 0.09% 18,012 $1.2M No change
LNG Cheniere Energy Inc. 0.08% 4,224 $1.2M New
IJR iShares Core S&P Small-Cap E 0.08% 9,267 $1.2M Reduce -0.2%
TMO Thermo Fisher Scientific Inc. 0.08% 2,333 $1.1M Reduce -20.9%
KTOS Kratos Defense & Security 0.08% 16,260 $1.1M Reduce -33.7%
CW Curtiss-Wright Corp. 0.08% 1,649 $1.1M New
VLO Valero Energy Corp. 0.08% 4,487 $1.1M Add +5.5%
GD General Dynamics Corp. 0.08% 3,176 $1.1M Reduce -2.2%
TMUS T-Mobile US Inc. 0.08% 5,088 $1.1M Reduce -17.1%
ENB Enbridge Inc. 0.07% 19,204 $1.0M Add +0.0%
ALLE Allegion PLC 0.07% 7,105 $1.0M Reduce -22.7%
GRMN Garmin Ltd. 0.07% 4,360 $1.0M Reduce -22.9%
FLOT iShares Floating Rate Bond E 0.07% 19,654 $1.0M Add +42.0%
FTAI Ftai Aviation Ltd. 0.07% 4,064 $996K Reduce -11.0%
PKG Packaging Corp. of America 0.07% 4,687 $995K Reduce -22.7%
CTAS Cintas Corp. 0.07% 5,789 $979K Reduce -13.4%
TXN Texas Instruments Inc. 0.07% 5,010 $973K Add +7.5%
KR Kroger Co. 0.07% 13,300 $962K Add +64.4%
PFE Pfizer Inc. 0.07% 34,043 $956K Add +30.1%
ISRG Intuitive Surgical Inc. 0.07% 2,062 $951K Reduce -51.8%
PH Parker Hannifin Corp. 0.07% 1,050 $940K Reduce -1.2%
CSCO Cisco Systems Inc. 0.06% 11,807 $916K Add +55.6%
IQSU Nylim Cndrim US LC Eq ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.06% 17,718 $907K No change
MNST Monster Beverage Corp. 0.06% 12,455 $902K Reduce -39.2%
SCHB Schwab US Broad Market ETF 0.06% 35,765 $898K Reduce -6.6%
CB Chubb Ltd. 0.06% 2,704 $881K Add +3.0%
DE Deere & Co. 0.06% 1,561 $879K Reduce -6.9%
IEI iShares 3-7 Year Treasury Bo 0.06% 7,346 $871K Reduce -24.3%
JHEM John Hancock Multi Em MRK Et 0.06% 24,802 $850K No change
VB Vanguard Most SM-Cap ETF-Usd 0.06% 3,232 $847K Reduce -0.5%
CRWD CrowdStrike Holdings Inc. Class A 0.06% 2,166 $846K Reduce -3.5%
ALL Allstate Corp. 0.06% 4,037 $837K Reduce -23.1%
SCHW Schwab (charles) Corp. 0.06% 8,897 $836K Add +57.4%
TT Trane Technologies PLC 0.06% 2,003 $835K Reduce -4.3%
EIX Edison International 0.06% 11,217 $821K Add +66.0%
ALB Albemarle Corp. 0.06% 4,567 $820K Reduce -29.9%
JAAA Janus Henderson Aaa Clo ETF 0.06% 16,215 $817K New
PLD Prologis Inc. 0.06% 6,121 $809K Add +2.1%
XLV SS Health Care Select Sector 0.06% 5,519 $809K Add +38.7%
URI United Rentals Inc. 0.06% 1,108 $808K Reduce -76.9%
COP Conocophillips 0.06% 6,054 $799K Add +33.0%
CRS Carpenter Technology 0.05% 1,981 $781K New
XLE SS Energy Select Sector 0.05% 12,731 $780K New
TFC Truist Financial Corp. 0.05% 16,843 $774K Reduce -2.9%
IUSG iShares Core S&P U.S. Growth 0.05% 4,977 $772K Add +3.5%
MTG Mgic Investment Corp. 0.05% 29,381 $771K Reduce -25.8%
IUSV iShares Core S&P U.S. Value 0.05% 7,487 $766K Add +12.5%
USCI United States Commodity Inde 0.05% 8,028 $765K New
KLAC KLA Corp. 0.05% 518 $763K Add +33.5%
IJH iShares Core S&P Midcap ETF 0.05% 11,254 $760K Add +0.5%
NUE Nucor Corp. 0.05% 4,461 $754K Reduce -29.6%
DOW Dow Inc. filed as DOW HLDGS INC 0.05% 18,080 $753K Add +63.6%
CBRE CBRE Group Inc. Class A 0.05% 5,323 $721K New
DUK Duke Energy Corp. 0.05% 5,428 $711K New
WM Waste Management Inc. 0.05% 3,092 $710K Add +70.7%
EPD Enterprise Products Partners 0.05% 18,761 $710K Add +31.1%
ECL Ecolab Inc. 0.05% 2,659 $707K Reduce -0.9%
AOM iShares Core 40/60 Moderate 0.05% 14,715 $697K Add +36.3%
CRM Salesforce Inc. 0.05% 3,692 $689K Add +104.1%
APP AppLovin Corp. Class A 0.05% 1,728 $688K Reduce -14.2%
INTC Intel Corp. 0.05% 15,581 $688K Reduce -11.2%
GS Goldman Sachs Group Inc. 0.05% 795 $672K Add +3.1%
HON Honeywell International Inc. 0.05% 2,966 $671K Add +5.6%
USFD US Foods Holding Corp. 0.05% 7,271 $670K Reduce -4.7%
RTX RTX Corp. 0.05% 3,456 $667K Add +13.8%
BKNG Booking Holdings Inc. 0.05% 157 $662K Add +15.4%
KNTK Kinetik Holdings Inc. 0.05% 13,669 $662K Add +13.9%
BA The Boeing Co. 0.05% 3,321 $661K Reduce -0.9%
AXP American Express Co. 0.05% 2,138 $647K Reduce -9.0%
ABT Abbott Laboratories 0.05% 6,268 $644K Reduce -5.1%
BEPC Brookfield Renewable Corp. 0.04% 16,079 $640K Reduce -3.4%
IYH iShares U.S. Healthcare ETF 0.04% 10,379 $640K Add +0.3%
MLI Mueller Industries Inc. 0.04% 5,717 $633K New
MTUM iShares MSCI USA Momentum Fa 0.04% 2,621 $629K Reduce -20.0%
CAH Cardinal Health Inc. 0.04% 2,971 $628K Reduce -9.8%
VLU SS SPDR S&P 1500 Value Tilt 0.04% 2,890 $621K Reduce -40.0%
GM General Motors Co. 0.04% 8,275 $616K Reduce -12.1%
UNH Unitedhealth Group Inc. 0.04% 2,266 $613K Add +6.3%
ADM Archer-Daniels-Midland Co. 0.04% 8,424 $612K Add +30.1%
BMY Bristol-Myers Squibb Co. 0.04% 9,966 $604K Add +51.8%
CLX Clorox Company 0.04% 5,772 $598K Add +25.3%
MS Morgan Stanley 0.04% 3,610 $594K Reduce -40.8%
GOVT iShares US Treasury Bond ETF 0.04% 25,816 $591K Reduce -22.4%
SYK Stryker Corp. 0.04% 1,790 $588K Add +6.6%
PSX Phillips 66 0.04% 3,222 $587K Add +7.5%
APD Air Products & Chemicals Inc. 0.04% 1,998 $580K Add +29.9%
PDEC Innovator U.S. Equity Power 0.04% 13,582 $577K No change
BRZE Braze Inc. Class A 0.04% 24,427 $577K Add +0.8%
SII Sprott Inc. 0.04% 4,018 $574K Reduce -1.8%
CVS CVS Health Corp. 0.04% 7,945 $571K Reduce -3.0%
ADP Automatic Data Processing 0.04% 2,755 $560K Add +11.0%
ET Energy Transfer LP 0.04% 28,987 $559K Add +0.6%
AR Antero Resources Corp. 0.04% 12,934 $549K New
AX Axos Financial Inc. 0.04% 6,354 $541K Add +0.3%
DOV Dover Corp. 0.04% 2,575 $537K Add +2.8%
GILD Gilead Sciences Inc. 0.04% 3,823 $533K Reduce -23.6%
GQI Natixis Gateway Quality Inc. 0.04% 9,690 $531K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.04% 1,850 $531K Reduce -0.2%
PR Permian Resources Corp. Class A 0.04% 24,808 $529K Add +13.9%
LOW Lowe's Cos Inc. 0.04% 2,213 $523K Reduce -43.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.04% 5,415 $522K Add +49.3%
ADI Analog Devices Inc. 0.04% 1,619 $515K Add +30.8%
CIEN Ciena Corp. 0.04% 1,325 $514K Reduce -13.8%
ROP Roper Technologies Inc. 0.04% 1,453 $514K Add +11.8%
INTU Intuit Inc. 0.04% 1,164 $503K Add +6.3%
STLD Steel Dynamics Inc. 0.04% 2,764 $497K New
GEN Gen Digital Inc. 0.03% 26,232 $494K Reduce -24.5%
ACN Accenture PLC Class A 0.03% 2,464 $489K Reduce -0.1%
MSI Motorola Solutions Inc. 0.03% 1,122 $487K Add +5.5%
SLV iShares Silver Trust 0.03% 7,142 $487K New
AKAM Akamai Technologies Inc. 0.03% 4,213 $484K New
XLY SS Consumer Disc Select Sect 0.03% 4,439 $484K Reduce -0.3%
FIX Comfort Systems USA Inc. 0.03% 350 $483K Add +3.9%
RJF Raymond James Financial Inc. 0.03% 3,330 $482K Add +2.6%
STE Steris PLC 0.03% 2,164 $478K Reduce -14.1%
SYY Sysco Corp. 0.03% 6,695 $478K Add +28.1%
DBEF Xtrackers MSCI Eafe Hedged E 0.03% 9,660 $477K New
PNC PNC Financial Services Group 0.03% 2,290 $477K Reduce -1.1%
EXP Eagle Materials Inc. 0.03% 2,507 $475K New
CL Colgate-Palmolive Co. 0.03% 5,520 $470K Add +1.3%
GSIE Goldman Sachs Activebeta Int 0.03% 10,881 $469K Reduce -14.1%
SHW The Sherwin-Williams Co. 0.03% 1,464 $469K Reduce -38.1%
MPT Medical Properties Trust Inc. 0.03% 101,054 $468K New
JSI JH Securitized Income ETF 0.03% 9,048 $466K New
RY Royal Bank of Canada 0.03% 2,861 $463K Reduce -0.5%
WDC Western Digital Corp. 0.03% 1,695 $459K Add +14.9%
LMT Lockheed Martin Corp. 0.03% 755 $457K Add +4.4%
MPC Marathon Petroleum Corp. 0.03% 1,864 $455K New
FDX FedEx Corp. 0.03% 1,275 $454K Reduce -43.6%
AEP American Electric Power 0.03% 3,462 $454K Reduce -5.0%
RLY SS Multi-Asset Real Ret ETF 0.03% 12,436 $450K New
USB US Bancorp 0.03% 8,507 $442K Add +10.1%
ANET Arista Networks Inc. 0.03% 3,590 $441K Reduce -22.9%
EPR Epr Properties filed as EPR PPTYS 0.03% 8,784 $439K Add +1.2%
FCX Freeport-McMoran Inc. 0.03% 7,461 $439K Add +12.1%
XEL Xcel Energy Inc. 0.03% 5,516 $438K Add +16.4%
PNOV Innovator U.S. Equity Power 0.03% 10,642 $435K No change
COF Capital One Financial Corp. 0.03% 2,372 $433K Reduce -26.9%
CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 0.03% 12,814 $428K Reduce -0.3%
BJAN Innovator U.S. Equity Buffer 0.03% 7,998 $427K Reduce -0.2%
DMBS Doubleline Mortgage ETF 0.03% 8,545 $422K Reduce -0.6%
ADBE Adobe Inc. 0.03% 1,730 $421K Add +58.0%
AMGN Amgen Inc. 0.03% 1,188 $418K Reduce -25.7%
WST West Pharmaceutical Services 0.03% 1,657 $415K Reduce -12.5%
VT Vanguard Tot World STK ETF 0.03% 2,983 $413K Reduce -3.3%
PHM Pultegroup Inc. 0.03% 3,500 $412K Add +0.2%
BBJP JPMorgan Betabuilders Japan 0.03% 5,861 $404K Reduce -3.0%
PFEB Innovator U.S. Equity Power 0.03% 10,010 $401K Add +31.1%
TUSI Touchstone Ultra Short Incom 0.03% 15,800 $400K Add +23.4%
TGT Target Corp. 0.03% 3,297 $400K New
DHR Danaher Corp. 0.03% 2,092 $397K Reduce -25.2%
UNP Union Pacific Corp. 0.03% 1,632 $396K Add +32.6%
DELL Dell Technologies -C 0.03% 2,410 $396K New
GPN Global Payments Inc. 0.03% 5,849 $394K New
OVL Overlay Shares Large Cap Eq 0.03% 7,810 $393K Reduce -14.5%
DOC Healthpeak Properties Inc. 0.03% 23,905 $393K Add +7.1%
AZO AutoZone Inc. 0.03% 116 $392K New
QCOM Qualcomm Inc. 0.03% 3,015 $388K Reduce -74.9%
CTVA Corteva Inc. 0.03% 4,623 $387K Add +50.9%
DAL Delta Air Lines Inc. 0.03% 5,779 $384K Reduce -5.2%
MRVL Marvell Technology Inc. 0.03% 3,849 $381K New
EME Emcor Group Inc. 0.03% 515 $380K Add +11.0%
CMI Cummins Inc. 0.03% 706 $380K Reduce -40.1%
HMY Harmony Gold MNG-Spon ADR 0.03% 24,718 $380K New
CSX CSX Corp. 0.03% 9,127 $375K New
SPEM State Street SP PTF Em ETF 0.03% 7,978 $374K Reduce -11.9%
SBUX Starbucks Corp. 0.03% 4,107 $368K Add +20.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 3,813 $367K Reduce -20.8%
VTR Ventas Inc. 0.03% 4,484 $367K New
FSK FS KKR Capital Corp. 0.03% 35,429 $361K Reduce -1.1%
BXMT Blackstone Mortgage Tru Class A 0.03% 18,714 $358K Add +2.6%
PAPR Innovator U.S. Equity Power 0.03% 9,002 $358K Reduce -55.2%
SCHH Schwab US REIT ETF 0.03% 16,597 $357K Add +0.1%
KBWD Invesco KBW High Dividend Yi 0.02% 27,719 $348K No change
NTR Nutrien Ltd. 0.02% 4,594 $347K New
NOBL Proshares S&P 500 Dividend A 0.02% 3,241 $344K Add +0.5%
PNR Pentair PLC 0.02% 3,930 $342K Reduce -3.8%
SCHA Schwab US Small-Cap ETF 0.02% 11,638 $338K Reduce -15.7%
UTHR United Therapeutics Corp. 0.02% 570 $338K Add +29.8%
RCL Royal Caribbean Cruises Ltd. 0.02% 1,225 $337K Add +2.9%
IQLT iShares MSCI International Q 0.02% 7,267 $336K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 764 $334K Reduce -7.2%
EOG EOG Resources Inc. 0.02% 2,265 $328K New
MDLZ Mondelez International Inc. Class A 0.02% 5,661 $326K Add +10.6%
SNDK Sandisk Corp. 0.02% 509 $323K New
MKC McCormick & Co.-Non VTG SHRS 0.02% 6,379 $322K Reduce -0.2%
BND Vanguard Total Bond Market 0.02% 4,359 $321K Reduce -9.7%
BSM Black Stone Minerals LP 0.02% 21,000 $318K No change
GPIX GLDM SA S&P 500 PR in ETF-US 0.02% 6,270 $314K Add +44.7%
CHD Church & Dwight Co. Inc. 0.02% 3,353 $313K Add +3.2%
SCHZ Schwab US Aggregate Bond ETF 0.02% 13,422 $312K Add +16.0%
REGN Regeneron Pharmaceuticals 0.02% 401 $310K Reduce -46.2%
JUST Goldman Sachs Just US LRG 0.02% 3,350 $310K Add +0.3%
MRSH Marsh & McLennan Cos 0.02% 1,781 $309K New
BKR Baker Hughes Co. 0.02% 5,057 $309K New
FTI Technipfmc PLC 0.02% 4,413 $305K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.02% 2,570 $305K Reduce -17.0%
NET Cloudflare Inc. Class A 0.02% 1,476 $305K Add +13.0%
INCY Incyte Corp. 0.02% 3,230 $304K Reduce -6.0%
HSY The Hershey Co. 0.02% 1,462 $304K Add +0.9%
AFL Aflac Inc. 0.02% 2,766 $303K Reduce -18.6%
KRE SS SPDR S&P Regional Bank 0.02% 4,633 $302K New
VIGI Vanguard Int Div App Indx FD 0.02% 3,346 $296K Reduce -13.2%
FCNCA First Citizens Bcshs Class A 0.02% 157 $296K No change
CMCSA Comcast Corp. Class A 0.02% 10,299 $296K New
IREN Iren Ltd. filed as IREN LIMITED 0.02% 8,466 $290K New
CFG Citizens Financial Group 0.02% 4,822 $289K Add +15.2%
XNTK SS SPDR Nyse Tech ETF 0.02% 1,131 $289K Reduce -21.6%
NLY Annaly Capital Management Inc. 0.02% 13,587 $287K New
ABNB Airbnb Inc. Class A 0.02% 2,263 $286K Add +35.2%
BXSL Blackstone Secured Lending F 0.02% 11,990 $284K Reduce -91.6%
CF CF Industries Holdings Inc. 0.02% 2,181 $283K New
POCT Innovator U.S. Equity Power 0.02% 6,525 $281K No change
WHR Whirlpool Corp. 0.02% 5,119 $276K Add +10.7%
SHY iShares 1-3 Year Treasury Bo 0.02% 3,342 $276K Reduce -77.1%
GLW Corning Inc. 0.02% 2,006 $273K New
SLB SLB Ltd. filed as SLB LIMITED 0.02% 5,289 $272K Reduce -8.6%
EQIX Equinix Inc. 0.02% 276 $270K New
WBD Warner Bros Discovery Inc. 0.02% 9,778 $269K Add +8.9%
HP Helmerich & Payne 0.02% 7,405 $267K New
SCHF Schwab Intl Equity ETF 0.02% 10,700 $265K Reduce -0.6%
VNM Vaneck Vietnam ETF 0.02% 15,287 $265K New
UPS United Parcel Service Class B 0.02% 2,684 $264K Add +8.2%
EXPE Expedia Group Inc. 0.02% 1,128 $261K Reduce -44.8%
SDIV Global X Superdividend ETF 0.02% 10,251 $259K No change
TRV The Travelers Cos Inc. 0.02% 880 $257K Reduce -3.6%
KDP Keurig Dr Pepper Inc. 0.02% 9,732 $256K Reduce -12.8%
SPHD Invesco S&P 500 High Dividen 0.02% 5,147 $255K No change
XLP SS Consumer Staples Sel Sect 0.02% 3,065 $251K Reduce -10.7%
FPE FT-Preferred Secur & Inc. ETF 0.02% 14,110 $250K Add +0.7%
BDEC Innovator U.S. Equity Buffer 0.02% 5,203 $250K No change
CRH CRH PLC 0.02% 2,373 $249K Reduce -12.9%
OXY Occidental Petroleum Corp. 0.02% 3,836 $249K New
VST Vistra Corp. 0.02% 1,656 $249K Reduce -1.0%
KYN Kayne Anderson Energy Infra 0.02% 17,342 $248K Reduce -0.6%
SNOW Snowflake Inc. 0.02% 1,640 $247K Reduce -4.5%
BBCA JPMorgan Betabuilders Canada 0.02% 2,618 $246K No change
KIM Kimco Realty Corp. 0.02% 10,949 $246K New
LMBS First Trust Low Duration Opp 0.02% 4,899 $244K No change
ITW Illinois Tool Works 0.02% 930 $242K Add +6.0%
VRSN Verisign Inc. 0.02% 974 $242K Reduce -25.6%
VIG Vanguard Dividend Apprec ETF 0.02% 1,116 $240K Add +0.4%
IGRO iShares Intl Div Growth ETF 0.02% 2,863 $240K Add +0.2%
FTNT Fortinet Inc. 0.02% 2,874 $235K New
VDE Vanguard Energy ETF 0.02% 1,356 $235K New
TER Teradyne Inc. 0.02% 789 $234K New
PCG P G & E Corp. 0.02% 13,000 $228K Add +13.8%
DVN Devon Energy Corp. 0.02% 4,529 $228K Reduce -56.5%
MCK McKesson Corp. 0.02% 262 $227K New
JCI Johnson Controls Internation 0.02% 1,732 $227K Reduce -2.2%
F Ford Motor Co. filed as FORD MTR CO 0.02% 19,585 $226K Reduce -1.4%
NOC Northrop Grumman Corp. 0.02% 330 $225K New
JSMD Janus Small Mid Cap GR Alp 0.02% 2,823 $224K New
DFAX Dimensional World Ex US Core 0.02% 6,530 $222K Reduce -0.1%
SCHP Schwab U.S. Tips ETF 0.02% 8,302 $221K Reduce -2.9%
IDXX Idexx Laboratories Inc. 0.02% 392 $220K Add +12.6%
FDN First Trust DJ Internet Ind 0.02% 927 $217K Add +10.4%
IVE iShares S&P 500 Value ETF 0.02% 1,025 $216K No change
COLD Americold Realty Trust Inc. 0.02% 18,794 $215K New
SRE Sempra 0.02% 2,216 $215K New
MDT Medtronic PLC 0.02% 2,484 $215K Reduce -34.3%
A Agilent Technologies Inc. 0.02% 1,880 $214K New
ULTA Ulta Beauty Inc. 0.02% 410 $214K Reduce -19.4%
AOA iShares Core 80/20 Aggressiv 0.01% 2,381 $211K Reduce -84.8%
HWM Howmet Aerospace Inc. 0.01% 911 $210K New
TEL Te Connectivity PLC 0.01% 1,001 $209K New
MPLX MPLX LP 0.01% 3,662 $209K New
VNQ Vanguard Real Estate ETF 0.01% 2,338 $207K Add +2.5%
MCO Moody's Corp. 0.01% 473 $206K Reduce -2.3%
MSTR Strategy Inc. 0.01% 1,643 $205K New
CDNS Cadence Design SYS Inc. 0.01% 737 $205K New
NDAQ Nasdaq Inc. 0.01% 2,377 $202K Reduce -16.1%
CCL Carnival Corp. 0.01% 7,780 $201K New
MKL Markel Group Inc. 0.01% 105 $201K Reduce -1.9%
BDX Becton Dickinson and Co. 0.01% 1,276 $201K New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.01% 16,309 $184K New
KVUE Kenvue Inc. 0.01% 10,426 $180K New
PROSHARES ULTRASHORT BLOOMBE 0.01% 18,000 $150K New
KSCP Knightscope Inc. Class A 0.01% 26,600 $111K New
WEST Westrock Coffee Co. 0.00% 10,553 $45K Add +0.5%
NFGC New Found Gold Corp. 0.00% 22,367 $43K No change
GLDG Goldmining Inc. 0.00% 15,000 $18K No change

Options reported separately and not counted above: SPDR GOLD TR calls ($215K), HIGHPEAK ENERGY INC calls ($155K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $899K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 498$593KAdd +0.6%
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 4,710$306KAdd +10.9%

Total filed on the 13F, all lines: $1.4B.

Portfolio Sells Q4 2025 → Q1 2026

IWD iShares Russell 1000 Value E Reduce -70.4% 0.67% −1.63
IEMG iShares Core MSCI Emerging Reduce -68.3% 0.43% −0.90
XLF SS Financial Select Sector Reduce -73.3% 0.22% −0.72
SPYG SS SPDR P S&P 500 Growth ETF Reduce -11.1% 2.42% −0.63
AAPL Apple Inc. Reduce -11.7% 2.20% −0.54
MSFT Microsoft Corp. Reduce -6.8% 1.11% −0.49
QQQM Invesco Nasdaq 100 ETF Reduce -12.9% 1.85% −0.47
IEF iShares 7-10 Year Treasury B Reduce -38.0% 0.57% −0.38
XLC SS Comm Select Sector SPDR Reduce -64.6% 0.15% −0.30
FXI iShares China Large-Cap ETF Sold out 0.00% −0.30
QUAL iShares MSCI USA Quality Fac Reduce -55.2% 0.20% −0.27
VTWO Vanguard Russell 2000 ETF Sold out 0.00% −0.27
BXSL Blackstone Secured Lending F Reduce -91.6% 0.02% −0.25
NVDA Nvidia Corp. Reduce -1.2% 2.06% −0.23
SPHY SS SPDR P High Yield ETF Reduce -29.8% 0.47% −0.23
URI United Rentals Inc. Reduce -76.9% 0.06% −0.22
EMLC Vaneck JPM Em Local Curr BND Reduce -51.1% 0.19% −0.22
AVGO Broadcom Inc. Reduce -4.7% 1.00% −0.21
BX Blackstone Inc. Reduce -37.4% 0.15% −0.18
GOOG Alphabet Inc. Class C Reduce -9.7% 0.69% −0.17
RF Regions Financial Corp. Reduce -60.4% 0.10% −0.17
WINN Harbor Long-Term Growers ETF Sold out 0.00% −0.15
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -6.3% 0.98% −0.15
VNO Vornado Realty Trust Sold out 0.00% −0.14
QCOM Qualcomm Inc. Reduce -74.9% 0.03% −0.12
TSLA Tesla Inc. Reduce -2.2% 0.44% −0.12
NOW ServiceNow Inc. Reduce -28.0% 0.11% −0.12
ISRG Intuitive Surgical Inc. Reduce -51.8% 0.07% −0.11
META Meta Platforms Inc. Class A Reduce -6.0% 0.41% −0.11
WFC Wells Fargo & Co. Reduce -7.3% 0.35% −0.10
BAC Bank of America Corp. Reduce -20.9% 0.21% −0.10
SJNK SS SPDR BB St Hi Yield ETF Reduce -10.4% 0.60% −0.10
SHYG iShares 0-5 YR HY Corp. Bond Reduce -8.2% 0.72% −0.10
IEFA iShares Core MSCI Eafe ETF Reduce -11.1% 0.66% −0.09
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.5% 0.72% −0.09
AOR iShares Core 60/40 Balanced Sold out 0.00% −0.09
AOA iShares Core 80/20 Aggressiv Reduce -84.8% 0.01% −0.09
LLY Eli Lilly & Co. Reduce -11.9% 0.24% −0.09
V Visa Inc. Class A Reduce -4.4% 0.33% −0.08
IUSB Ishr CR Unvrse Usd BD ETF-Ui Sold out 0.00% −0.08
JPST JPMorgan Ultra-Short Income Sold out 0.00% −0.08
BRK.B Berkshire Hathaway Inc. Class B Reduce -14.7% 0.29% −0.08
ADME Aptus Drwdwn MGD Eqty ETF Reduce -1.6% 0.90% −0.08
LEN Lennar Corp. Class A Sold out 0.00% −0.07
VLTO Veralto Corp. Sold out 0.00% −0.07
IBM Intl Business Machines Corp. Reduce -22.1% 0.12% −0.07
IWV iShares Russell 3000 ETF Sold out 0.00% −0.07
SHY iShares 1-3 Year Treasury Bo Reduce -77.1% 0.02% −0.07
SPGI S&P Global Inc. Reduce -15.0% 0.14% −0.07
UPSD Aptus Large Cap Upside ETF Reduce -0.7% 0.73% −0.06

Portfolio Buys Q4 2025 → Q1 2026

DFLV Dim US Large Cap Value ETF New 2.12% +2.12
EMXC iShares MSCI Emr MRK Ex Chna Add +247.1% 1.60% +1.16
WMT Walmart Inc. Add +16.7% 4.43% +0.93
BIL SS SPDR BB 1-3M T-Bill ETF Add +1432.1% 0.74% +0.69
SPLV Invesco S&P 500 Low Volatili Add +938.3% 0.75% +0.68
XLI SS Industrial Select Sector Add +1001.6% 0.59% +0.54
FENI Fidelity Enhanced Intl ETF Add +29.0% 2.30% +0.50
SGOV iShares 0-3 Month Treasury B Add +451.8% 0.48% +0.39
SMH Vaneck Semiconductor ETF Add +68.8% 0.88% +0.38
BSV Vanguard Short-Term Bond ETF Add +74.5% 0.91% +0.37
BKGI BNY Mellon GLBL Infra Inc. Add +147.7% 0.53% +0.33
PPA Invesco Aerospace & Defense New 0.29% +0.29
CTA Simplify Managed Futures St New 0.27% +0.27
CSNR C&S Nat Resources Active ETF New 0.25% +0.25
GBIL Goldman Sachs Access Treasur Add +20.3% 1.63% +0.24
BOXX Alpha Architect 1-3 MNTH Box New 0.22% +0.22
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +682.1% 0.24% +0.21
LYB Lyondellbasell Indu Class A New 0.20% +0.20
GBDC Golub Capital BDC Inc. Add +145.3% 0.33% +0.18
VICI Vici Properties Inc. New 0.17% +0.17
IAU iShares Gold Trust Add +26.6% 0.68% +0.17
AGG iShares Core U.S. Aggregate Add +42.7% 0.62% +0.17
JPIE JPMorgan Income ETF Add +29.5% 0.78% +0.16
GDX Vaneck Gold Miners ETF New 0.14% +0.14
BTC Grayscale Bitcoin Mini ETF New 0.12% +0.12
RAAX Vaneck Real Assets ETF New 0.11% +0.11
SLQD iShares 0-5 YR Inv GRD Corp. Add +16.9% 0.86% +0.10
OKE Oneok Inc. Add +30.8% 0.26% +0.09
OUNZ Vaneck Merk Gold ETF New 0.09% +0.09
WLFC Willis Lease Finance Corp. New 0.09% +0.09
JBL Jabil Inc. New 0.09% +0.09
LNG Cheniere Energy Inc. New 0.08% +0.08
CW Curtiss-Wright Corp. New 0.08% +0.08
VEU Vanguard Ftse All-World Ex-U Add +105.7% 0.15% +0.08
CWEN.A Clearway Energy Inc. Class A Add +1.1% 0.41% +0.07
GLD SPDR Gold Shares Add +65.5% 0.17% +0.07
MO Altria Group Inc. Add +7.5% 0.43% +0.07
GOOGL Alphabet Inc. Class A Add +24.5% 0.68% +0.07
CASY Casey's General Stores Inc. Add +16.6% 0.21% +0.07
AM Antero Midstream Corp. Add +1.6% 0.32% +0.07
FANG Diamondback Energy Inc. Add +14.3% 0.21% +0.07
SPG Simon Property Group Inc. Add +23.7% 0.37% +0.07
JBHT Hunt (jb) Transprt SVCS Inc. Add +40.9% 0.19% +0.06
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +17.0% 0.51% +0.06
JAAA Janus Henderson Aaa Clo ETF New 0.06% +0.06
PEP Pepsico Inc. Add +57.0% 0.14% +0.06
CRS Carpenter Technology New 0.05% +0.05
XLE SS Energy Select Sector New 0.05% +0.05
CVX Chevron Corp. Add +17.0% 0.15% +0.05
USCI United States Commodity Inde New 0.05% +0.05

Options Activity Q4 2025 → Q1 2026

ISHARES TR put Sold out 13,700 $3.4Mbefore exit
SPDR GOLD TR call New 500 $215K
HIGHPEAK ENERGY INC call New 22,500 $155K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026

BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +0.6% 498 $593K
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +10.9% 4,710 $306K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 552$1.8BSPYM, WMT, SPYG, AVLV, AAPL
Q1 2026 477$1.4BWMT, IVV, SPYG, FENI, ACIO
Q4 2025 453$1.4BIVV, WMT, SPYG, AAPL, ACIO
Q3 2025 452$1.3BIVV, SPYG, WMT, ACIO, AAPL
Q2 2025 454$1.2BIVV, RSP, SPYG, WMT, ACIO
Q1 2025 389$1.1BIVV, RSP, GBIL, ACIO, WMT
Q4 2024 361$947.9MIVV, WMT, SPYG, RSP, ACIO
Q3 2024 352$915.6MIVV, RSP, IWD, ACIO, SPYG
Q2 2024 346$832.8MIVV, SPYG, BSV, IWD, QUAL
Q1 2024 360$782.2MIVV, IWD, QUAL, ACIO, QQQM