Location
Lakeway, TX
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
793
Total value ($000)
$519,511
Net value change ($000)
+13,586 (2.7%)
New positions
65
Sold out positions
264
Turnover %
4.4%
Sector allocation + QoQ delta (equities-only)

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)
TFIN 2,603 NEW
UL 2,517 NEW
HYLB 1,823 7.1%
IAGG 1,665 5.7%
EPS 1,362 7.5%
SHYG 1,344 6.3%
STIP 1,334 7.8%
SPY 1,277 127700.0%
GOOGL 1,188 29.9%
SPSM 1,162 6.8%
Top Reduces (Value $000, Stocks/ETFs)
Unilever PLC -2,381 -100.0%
TFIN -2,080 -100.0%
BLUEROCK TOTAL INCOME REAL ESTATE A -1,645 -100.0%
VWENX -979 -100.0%
NFLX -684 -15.9%
FTGS -631 -86.7%
AZN -602 -16.4%
AFLG -584 -85.9%
VWIAX -563 -78.4%
ARM -556 -16.1%
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