Location
San Francisco, CA
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
654
Total value ($000)
$3,837,005
Net value change ($000)
+526,210 (15.9%)
New positions
126
Sold out positions
23
Turnover %
8.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
NVDA 43,952 255.4%
BBUS 41,496 74.0%
AAPL 33,843 32.3%
GOOGL 21,516 102.0%
JPM 19,626 161.4%
AVEM 18,087 NEW
GSUS 12,888 39.9%
AGG 12,733 28.6%
VEA 12,456 10.2%
AXON 11,263 NEW
Top Reduces (Value $000, Stocks/ETFs)
VIG -144,642 -100.0%
SPY -130,894 -69.7%
VGK -33,885 -100.0%
APP -17,720 -6.3%
BRK-B -12,207 -47.9%
MINT -5,888 -64.7%
UUUU -4,303 -15.0%
BLK -4,045 -100.0%
VUG -3,842 -16.9%
JEPQ -2,856 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 288,679 (7.5% 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