Location
Reston, VA
Holdings as of
12/31/2025
Date filed
2/3/2026
Form type
13F-HR
Num holdings
215
Total value ($000)
$677,597
Net value change ($000)
+25,846 (4.0%)
New positions
22
Sold out positions
14
Turnover %
9.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/24/2025 Next filing: 4/24/2026 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)
PYLD 30,311 NEW
AG 15,255 NEW
BIL 10,002 59.5%
AGG 6,578 16.2%
IAU 5,323 16.2%
SPTS 4,728 16.0%
VEA 2,996 7.5%
VOO 1,539 2.5%
GOOGL 971 29.1%
DOCT 968 NEW
Top Reduces (Value $000, Stocks/ETFs)
XBIL -31,546 -53.1%
MSTR -7,431 -56.4%
IBIT -7,118 -19.4%
T-REX 2X LONG MSTR DAILYTARGET ETF -4,897 -100.0%
CION -2,539 -100.0%
BILS -1,639 -40.8%
VUG -1,355 -5.1%
MSTX -780 -100.0%
META -663 -14.0%
OBIL -628 -16.8%
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