Location
San Diego, CA
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
113
Total value ($000)
$194,406
Net value change ($000)
+17,247 (9.7%)
New positions
10
Sold out positions
2
Turnover %
2.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: 4/16/2026 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)
BIL 9,248 158.4%
BlackRock ETF Trust 2,440 44.0%
SPMO 1,348 55.6%
IEMG 1,341 19.6%
JPST 1,184 10.2%
IVW 811 10.7%
SGOV 660 5.3%
SHY 655 NEW
TLT 575 33.1%
IGSB 509 225.2%
Top Reduces (Value $000, Stocks/ETFs)
QUAL -2,919 -35.7%
TLH -663 -25.8%
EFV -484 -6.0%
OUNZ -476 -63.8%
BRTR -446 -8.2%
EFG -292 -32.2%
IYW -277 -25.4%
STIP -272 -100.0%
SCHZ -236 -6.0%
NFLX -227 -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