Location
Reston, VA
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
80
Total value ($000)
$2,007,689
Net value change ($000)
+173,481 (9.5%)
New positions
9
Sold out positions
3
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VLUE 60,082 11.4%
AVUV 23,911 9.5%
AVSC 19,745 10.9%
AVDV 18,586 9.5%
TGRT 12,789 5.8%
VSS 10,408 4.0%
CGXU 10,255 124.4%
VBR 3,928 7.2%
SPGI 2,601 NEW
CGDV 2,490 14.2%
Top Reduces (Value $000, Stocks/ETFs)
AHC -352 -100.0%
ACI -303 -17.9%
NVBW -295 -100.0%
PG -202 -100.0%
INTU -167 -34.6%
V -141 -34.4%
HD -52 -14.0%
INGR -24 -9.4%
MDY -17 -1.6%
VYM -15 -2.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type