Location
San Francisco, CA
Holdings as of
6/30/2025
Date filed
7/24/2025
Form type
13F-HR
Num holdings
550
Total value ($000)
$3,142,721
Net value change ($000)
+234,022 (8.0%)
New positions
47
Sold out positions
43
Turnover %
3.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 4/17/2025 Next filing: 11/12/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 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)
APP 30,287 28.4%
VOO 27,681 14.2%
BBUS 21,577 77.6%
MSFT 19,458 41.6%
IEI 19,061 528.0%
VTI 16,629 41.5%
HYLB 15,134 NEW
XLI 13,490 167.4%
DGRO 13,299 201.4%
VEA 13,163 14.3%
Top Reduces (Value $000, Stocks/ETFs)
VGIT -11,350 -39.3%
SCHG -10,754 -83.6%
IEF -10,679 -84.6%
STNC -10,674 -60.1%
AAPL -9,219 -9.6%
XLV -8,757 -64.3%
TDIV -7,978 -97.1%
XLK -5,951 -27.3%
SPLV -5,062 -47.0%
GSUS -4,925 -16.4%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 257,589 (8.2% of total reported value)
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