Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
530
Total value ($000)
$3,310,795
Net value change ($000)
+168,074 (5.3%)
New positions
33
Sold out positions
44
Turnover %
2.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/24/2025 Next filing: 2/2/2026 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)
APP 144,090 105.1%
SPY 130,799 229.4%
VOO 27,691 12.4%
AAPL 17,784 20.5%
VEA 17,638 16.8%
UUUU 17,213 149.8%
GSIE 15,836 NEW
VIG 13,611 10.4%
IEFA 10,856 35.9%
IEMG 9,995 13.4%
Top Reduces (Value $000, Stocks/ETFs)
IEI -16,010 -70.6%
OEF -5,780 -42.5%
SGOV -4,951 -31.6%
SCHZ -4,884 -100.0%
GBIL -4,795 -25.7%
DYNF -4,503 -100.0%
QUAL -4,373 -69.3%
COST -4,229 -20.1%
EFV -4,130 -20.5%
USMV -3,902 -66.2%
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