Location
Reston, VA
Holdings as of
9/30/2025
Date filed
10/24/2025
Form type
13F-HR
Num holdings
207
Total value ($000)
$651,751
Net value change ($000)
+41,844 (6.9%)
New positions
15
Sold out positions
7
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/28/2025 Next filing: 2/3/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
IAU 9,154 38.7%
VOO 3,769 6.4%
BIL 3,657 27.8%
IBIT 3,524 10.6%
VB 2,784 8.7%
AVUV 2,383 10.1%
VEA 2,320 6.2%
AGG 1,751 4.5%
AAPL 1,368 12.1%
QQQ 1,354 8.7%
Top Reduces (Value $000, Stocks/ETFs)
MSTR -3,936 -23.0%
MSTX -1,261 -61.8%
T-REX 2X LONG MSTR DAILYTARGET ETF -1,034 -17.4%
UAA -904 -100.0%
CRCL -703 -100.0%
DXCM -472 -26.6%
TXN -324 -100.0%
ARCO -298 -16.9%
AMT -253 -17.3%
GBTC -252 -46.2%
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