Location
Lansing, MI
Holdings as of
12/31/2025
Date filed
2/6/2026
Form type
13F-HR
Num holdings
36
Total value ($000)
$8,840,732
Net value change ($000)
+204,956 (2.4%)
New positions
0
Sold out positions
9
Turnover %
0.9%
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)
SPTS 114,399 17.8%
SPTL 67,200 19.7%
VGK 58,817 8.3%
XBB 45,856 17.8%
SPTI 37,806 3.6%
IEMG 36,783 11.7%
QVML 30,759 2.3%
XLE 12,146 37.8%
FLCA 8,037 6.4%
IJH 6,115 2.1%
Top Reduces (Value $000, Stocks/ETFs)
IVV -45,620 -4.6%
SPIB -43,751 -10.0%
SCHP -38,083 -8.6%
RING -26,639 -30.0%
XHLF -22,605 -100.0%
SPYM -14,744 -100.0%
AG -13,842 -100.0%
SPDW -11,817 -100.0%
MBB -6,427 -100.0%
SPEM -5,015 -100.0%
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