Location
Newport Beach, CA
Holdings as of
12/31/2025
Date filed
1/21/2026
Form type
13F-HR
Num holdings
694
Total value ($000)
$197,834
Net value change ($000)
+15,076 (8.2%)
New positions
200
Sold out positions
24
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/16/2025 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)
DFSD 3,114 10.5%
AVUS 2,409 8.6%
DFAC 1,684 8.4%
AVDE 1,450 12.9%
DFIC 1,069 9.7%
LRCX 827 28.0%
GOOGL 489 33.8%
CGUS 468 18.7%
FLOT 405 NEW
AVEM 368 9.2%
Top Reduces (Value $000, Stocks/ETFs)
VTI -507 -68.0%
ORCL -372 -30.4%
BSCP -171 -100.0%
HDV -140 -94.0%
AXON -116 -69.5%
XLU -115 -100.0%
FTEC -108 -70.6%
VEA -107 -28.2%
IVE -84 -94.4%
VYMI -81 -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