Location
Pittsburgh, PA
Holdings as of
9/30/2025
Date filed
11/17/2025
Form type
13F-HR
Num holdings
148
Total value ($000)
$842,723
Net value change ($000)
+173,877 (26.0%)
New positions
7
Sold out positions
5
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/31/2025 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)
FHI 134,454 3800.3%
MMIT 10,642 24.3%
SPDW 5,847 8.6%
IEMG 4,685 13.5%
MUB 3,691 12.4%
FEGE 3,271 NEW
SCHG 3,255 6.8%
VO 2,911 4.3%
IJT 2,054 10.1%
FBND 2,015 16.9%
Top Reduces (Value $000, Stocks/ETFs)
MMIN -5,863 -68.9%
MSFT -5,498 -49.7%
EFA -1,957 -25.7%
AKX -1,653 -100.0%
ETN -1,309 -65.8%
VEA -998 -7.1%
SCHX -817 -2.2%
VTEB -464 -5.7%
CBZ -447 -26.7%
IWO -404 -65.9%
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