J2 Capital Management Inc Diversified Active

CIK: 0001586882 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 20, 2026

Total Value ($000): $137,073 (100.0% shares, 0.0% debt)

Holdings (119)

New Positions (6)

EVR EVERCORE INC 0.5%

Value ($000) $637 Shares 1,871 Est. Cost $320.89 Unrealized 0.0%

FDX FEDEX CORP 0.4%

Value ($000) $602 Shares 2,083 Est. Cost $261.56 Unrealized 0.0%

MTSI MACOM TECH SOLUTIONS HLDGS I 0.4%

Value ($000) $540 Shares 3,154 Est. Cost $158.72 Unrealized 0.0%

TTE TOTALENERGIES SE 0.4%

Value ($000) $534 Shares 8,156 Est. Cost $63.23 Unrealized 0.0%

AIQ GLOBAL X FDS 0.2%

Value ($000) $221 Shares 4,343 Est. Cost $50.86 Unrealized —

SRLN SSGA ACTIVE ETF TR 0.2%

Value ($000) $207 Shares 5,025 Est. Cost $41.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EVR	EVERCORE INC	1,871	$637	0.5%	$320.89	0.0%	CLASS A	29977A105
FDX	FEDEX CORP	2,083	$602	0.4%	$261.56	0.0%	COM	31428X106
MTSI	MACOM TECH SOLUTIONS HLDGS I	3,154	$540	0.4%	$158.72	0.0%	COM	55405Y100
TTE	TOTALENERGIES SE	8,156	$534	0.4%	$63.23	0.0%	ACT	F92124100
AIQ	GLOBAL X FDS	4,343	$221	0.2%	$50.86	—	ARTIFICIAL ETF	37954Y632
SRLN	SSGA ACTIVE ETF TR	5,025	$207	0.2%	$41.27	—	STATE STREET BLA	78467V608

Increased Positions (63)

HDV ISHARES TR 4.1%

Value ($000) $5,657 (+39.8%) Shares 46,514 (+40.8%) Est. Cost $115.95 Unrealized —

TFLO ISHARES TR 9.9%

Value ($000) $13,561 (+7.9%) Shares 268,747 (+8.2%) Est. Cost $50.50 Unrealized —

RUNN STRATEGIC TRUST 2.2%

Value ($000) $2,950 (+38.6%) Shares 88,476 (+42.5%) Est. Cost $33.48 Unrealized —

SGOV ISHARES TR 5.3%

Value ($000) $7,304 (+9.5%) Shares 72,768 (+9.8%) Est. Cost $100.61 Unrealized —

GLD SPDR GOLD TR 1.8%

Value ($000) $2,473 (+15.4%) Shares 6,241 (+3.5%) Est. Cost $205.37 Unrealized —

LGH NORTHERN LTS FD TR III 4.9%

Value ($000) $6,715 (+4.7%) Shares 108,363 (+2.0%) Est. Cost $54.59 Unrealized —

EXP EAGLE MATLS INC 0.4%

Value ($000) $590 (+62.4%) Shares 2,857 (+83.1%) Est. Cost $186.11 Unrealized +18.5%

PTEU PACER FDS TR 2.5%

Value ($000) $3,482 (+6.3%) Shares 113,333 (+3.5%) Est. Cost $28.22 Unrealized —

MMM 3M CO 0.3%

Value ($000) $477 (+67.6%) Shares 2,980 (+62.5%) Est. Cost $110.79 Unrealized +47.3%

GOOGL ALPHABET INC 0.4%

Value ($000) $521 (+53.9%) Shares 1,663 (+19.6%) Est. Cost $221.69 Unrealized +28.8%

COF CAPITAL ONE FINL CORP 0.5%

Value ($000) $731 (+29.4%) Shares 3,016 (+13.5%) Est. Cost $189.46 Unrealized +17.3%

VEEV VEEVA SYS INC 0.4%

Value ($000) $507 (-24.2%) Shares 2,269 (+1.2%) Est. Cost $233.65 Unrealized +13.6%

MCO MOODYS CORP 0.4%

Value ($000) $499 (+45.3%) Shares 976 (+35.6%) Est. Cost $474.26 Unrealized +2.8%

IBIT ISHARES BITCOIN TRUST ETF 0.6%

Value ($000) $794 (-15.9%) Shares 15,992 (+10.1%) Est. Cost $51.07 Unrealized —

SSUS STRATEGY SHS 3.9%

Value ($000) $5,279 (+2.9%) Shares 108,290 (+2.0%) Est. Cost $39.77 Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP 0.7%

Value ($000) $990 (+15.2%) Shares 29,969 (+3.3%) Est. Cost $21.67 Unrealized —

JEPI J P MORGAN EXCHANGE TRADED F 2.7%

Value ($000) $3,677 (+3.3%) Shares 64,237 (+3.0%) Est. Cost $55.53 Unrealized —

IVV ISHARES TR 1.5%

Value ($000) $2,064 (+6.0%) Shares 3,014 (+3.6%) Est. Cost $480.80 Unrealized —

HLI HOULIHAN LOKEY INC 0.4%

Value ($000) $545 (+24.0%) Shares 3,126 (+46.2%) Est. Cost $131.96 Unrealized +38.8%

LMT LOCKHEED MARTIN CORP 0.5%

Value ($000) $709 (+15.8%) Shares 1,466 (+19.5%) Est. Cost $378.19 Unrealized +25.9%

MC MOELIS & CO 0.8%

Value ($000) $1,055 (+9.3%) Shares 15,344 (+13.4%) Est. Cost $69.27 Unrealized -5.0%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $600 (+16.6%) Shares 2,634 (+26.5%) Est. Cost $163.33 Unrealized +30.0%

PTMC PACER FDS TR 2.9%

Value ($000) $3,972 (+2.1%) Shares 111,352 (+2.5%) Est. Cost $34.18 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.8%

Value ($000) $1,049 (+8.0%) Shares 19,512 (+8.8%) Est. Cost $46.37 Unrealized —

GNR SPDR INDEX SHS FDS 0.5%

Value ($000) $683 (+12.0%) Shares 10,998 (+6.7%) Est. Cost $54.94 Unrealized —

FDD FIRST TR EXCHANGE-TRADED FD 0.5%

Value ($000) $727 (+10.3%) Shares 41,523 (+1.8%) Est. Cost $15.57 Unrealized —

QQQ INVESCO QQQ TR 0.5%

Value ($000) $725 (+9.9%) Shares 1,180 (+7.4%) Est. Cost $335.10 Unrealized —

DKS DICKS SPORTING GOODS INC 0.4%

Value ($000) $588 (-9.8%) Shares 2,968 (+1.2%) Est. Cost $182.72 Unrealized +18.8%

AMZN AMAZON COM INC 0.4%

Value ($000) $485 (+15.1%) Shares 2,100 (+9.5%) Est. Cost $127.27 Unrealized +79.8%

VIG VANGUARD SPECIALIZED FUNDS 0.8%

Value ($000) $1,051 (+6.4%) Shares 4,783 (+4.5%) Est. Cost $197.13 Unrealized —

TM TOYOTA MOTOR CORP 0.3%

Value ($000) $455 (+14.7%) Shares 2,125 (+2.4%) Est. Cost $173.24 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value ($000) $455 (+14.1%) Shares 3,782 (+6.9%) Est. Cost $104.26 Unrealized +10.8%

CL COLGATE PALMOLIVE CO 0.2%

Value ($000) $322 (+20.3%) Shares 4,070 (+21.7%) Est. Cost $73.26 Unrealized +6.9%

GPC GENUINE PARTS CO 0.4%

Value ($000) $509 (-9.6%) Shares 4,136 (+1.9%) Est. Cost $124.44 Unrealized +3.4%

PANW PALO ALTO NETWORKS INC 0.5%

Value ($000) $643 (-7.1%) Shares 3,492 (+2.7%) Est. Cost $152.55 Unrealized +32.2%

SPDW SPDR INDEX SHS FDS 0.2%

Value ($000) $333 (+15.8%) Shares 7,506 (+11.6%) Est. Cost $42.96 Unrealized —

MO ALTRIA GROUP INC 0.3%

Value ($000) $431 (-9.0%) Shares 7,475 (+4.2%) Est. Cost $52.77 Unrealized +12.5%

KNSL KINSALE CAP GROUP INC 0.5%

Value ($000) $666 (-5.6%) Shares 1,703 (+2.6%) Est. Cost $466.54 Unrealized -12.6%

QQH NORTHERN LTS FD TR III 0.9%

Value ($000) $1,213 (+3.2%) Shares 15,675 (+1.8%) Est. Cost $68.13 Unrealized —

PDBC INVESCO ACTVELY MNGD ETC FD 0.6%

Value ($000) $812 (+4.7%) Shares 61,257 (+6.1%) Est. Cost $14.07 Unrealized —

PTIN PACER FDS TR 0.2%

Value ($000) $321 (+12.6%) Shares 10,219 (+9.1%) Est. Cost $30.55 Unrealized —

VB VANGUARD INDEX FDS 0.5%

Value ($000) $727 (+5.1%) Shares 2,817 (+3.6%) Est. Cost $202.62 Unrealized —

GDX VANECK ETF TRUST 0.2%

Value ($000) $273 (+14.3%) Shares 3,184 (+1.9%) Est. Cost $76.57 Unrealized —

MTB M & T BK CORP 0.4%

Value ($000) $558 (+6.3%) Shares 2,768 (+4.2%) Est. Cost $189.78 Unrealized +0.2%

PCAR PACCAR INC 0.2%

Value ($000) $284 (+12.9%) Shares 2,597 (+1.4%) Est. Cost $62.66 Unrealized +61.5%

LFEQ VANECK ETF TRUST 0.2%

Value ($000) $272 (+13.6%) Shares 5,024 (+11.6%) Est. Cost $53.31 Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.5%

Value ($000) $733 (+4.5%) Shares 2,922 (+2.1%) Est. Cost $226.38 Unrealized +9.9%

OMC OMNICOM GROUP INC 0.3%

Value ($000) $457 (+6.8%) Shares 5,656 (+7.8%) Est. Cost $72.22 Unrealized +4.9%

DEM WISDOMTREE TR 0.5%

Value ($000) $663 (+4.3%) Shares 14,202 (+2.7%) Est. Cost $45.33 Unrealized —

TIP ISHARES TR 0.5%

Value ($000) $671 (+4.1%) Shares 6,104 (+5.4%) Est. Cost $111.15 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.6%

Value ($000) $765 (+3.5%) Shares 18,793 (+11.7%) Est. Cost $38.06 Unrealized +6.4%

CPRT COPART INC 0.4%

Value ($000) $514 (+5.3%) Shares 13,127 (+21.0%) Est. Cost $42.77 Unrealized -3.1%

EMB ISHARES TR 0.6%

Value ($000) $802 (+3.3%) Shares 8,328 (+2.1%) Est. Cost $95.21 Unrealized —

FANG DIAMONDBACK ENERGY INC 0.3%

Value ($000) $355 (+6.1%) Shares 2,361 (+1.0%) Est. Cost $118.33 Unrealized +24.3%

TLT ISHARES TR 0.5%

Value ($000) $673 (+2.5%) Shares 7,720 (+5.1%) Est. Cost $89.26 Unrealized —

MCD MCDONALDS CORP 0.4%

Value ($000) $543 (+2.7%) Shares 1,775 (+2.1%) Est. Cost $290.52 Unrealized +5.0%

VO VANGUARD INDEX FDS 0.5%

Value ($000) $721 (+1.8%) Shares 2,484 (+3.1%) Est. Cost $225.71 Unrealized —

XLU SELECT SECTOR SPDR TR 0.4%

Value ($000) $513 (-2.3%) Shares 12,027 (+99.6%) Est. Cost $58.52 Unrealized —

AMLP ALPS ETF TR 0.2%

Value ($000) $251 (+4.4%) Shares 5,348 (+4.2%) Est. Cost $48.11 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value ($000) $344 (+1.9%) Shares 712 (+9.2%) Est. Cost $438.13 Unrealized +14.3%

USRT ISHARES TR 0.5%

Value ($000) $660 (+0.8%) Shares 11,585 (+3.9%) Est. Cost $57.54 Unrealized —

HEI/A HEICO CORP NEW 0.4%

Value ($000) $492 (+0.8%) Shares 1,951 (+1.5%) Est. Cost $151.84 Unrealized +62.6%

EOG EOG RES INC 0.2%

Value ($000) $239 (-0.7%) Shares 2,274 (+6.0%) Est. Cost $100.01 Unrealized +7.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HDV	ISHARES TR	46,514 (+40.8%)	$5,657 (+39.8%)	4.1%	$115.95	—	CORE HIGH DV ETF	46429B663
TFLO	ISHARES TR	268,747 (+8.2%)	$13,561 (+7.9%)	9.9%	$50.50	—	TRS FLT RT BD	46434V860
RUNN	STRATEGIC TRUST	88,476 (+42.5%)	$2,950 (+38.6%)	2.2%	$33.48	—	RUNNING GWTH ETF	48817R870
SGOV	ISHARES TR	72,768 (+9.8%)	$7,304 (+9.5%)	5.3%	$100.61	—	0-3 MNTH TREASRY	46436E718
GLD	SPDR GOLD TR	6,241 (+3.5%)	$2,473 (+15.4%)	1.8%	$205.37	—	GOLD SHS	78463V107
LGH	NORTHERN LTS FD TR III	108,363 (+2.0%)	$6,715 (+4.7%)	4.9%	$54.59	—	HCM DEFEN 500	66538R730
EXP	EAGLE MATLS INC	2,857 (+83.1%)	$590 (+62.4%)	0.4%	$186.11	+18.5%	COM	26969P108
PTEU	PACER FDS TR	113,333 (+3.5%)	$3,482 (+6.3%)	2.5%	$28.22	—	TRENDPILOT EUR	69374H808
MMM	3M CO	2,980 (+62.5%)	$477 (+67.6%)	0.3%	$110.79	+47.3%	COM	88579Y101
GOOGL	ALPHABET INC	1,663 (+19.6%)	$521 (+53.9%)	0.4%	$221.69	+28.8%	CAP STK CL A	02079K305
COF	CAPITAL ONE FINL CORP	3,016 (+13.5%)	$731 (+29.4%)	0.5%	$189.46	+17.3%	COM	14040H105
VEEV	VEEVA SYS INC	2,269 (+1.2%)	$507 (-24.2%)	0.4%	$233.65	+13.6%	CL A COM	922475108
MCO	MOODYS CORP	976 (+35.6%)	$499 (+45.3%)	0.4%	$474.26	+2.8%	COM	615369105
IBIT	ISHARES BITCOIN TRUST ETF	15,992 (+10.1%)	$794 (-15.9%)	0.6%	$51.07	—	SHS BEN INT	46438F101
SSUS	STRATEGY SHS	108,290 (+2.0%)	$5,279 (+2.9%)	3.9%	$39.77	—	DAY HAGAN SMART	86280R803
PHYS	SPROTT ASSET MANAGEMENT LP	29,969 (+3.3%)	$990 (+15.2%)	0.7%	$21.67	—	PHYSICAL GOLD TR	85207H104
JEPI	J P MORGAN EXCHANGE TRADED F	64,237 (+3.0%)	$3,677 (+3.3%)	2.7%	$55.53	—	EQUITY PREMIUM	46641Q332
IVV	ISHARES TR	3,014 (+3.6%)	$2,064 (+6.0%)	1.5%	$480.80	—	CORE S&P500 ETF	464287200
HLI	HOULIHAN LOKEY INC	3,126 (+46.2%)	$545 (+24.0%)	0.4%	$131.96	+38.8%	CL A	441593100
LMT	LOCKHEED MARTIN CORP	1,466 (+19.5%)	$709 (+15.8%)	0.5%	$378.19	+25.9%	COM	539830109
MC	MOELIS & CO	15,344 (+13.4%)	$1,055 (+9.3%)	0.8%	$69.27	-5.0%	CL A	60786M105
PGR	PROGRESSIVE CORP	2,634 (+26.5%)	$600 (+16.6%)	0.4%	$163.33	+30.0%	COM	743315103
PTMC	PACER FDS TR	111,352 (+2.5%)	$3,972 (+2.1%)	2.9%	$34.18	—	TRENDP US MID CP	69374H204
VWO	VANGUARD INTL EQUITY INDEX F	19,512 (+8.8%)	$1,049 (+8.0%)	0.8%	$46.37	—	FTSE EMR MKT ETF	922042858
GNR	SPDR INDEX SHS FDS	10,998 (+6.7%)	$683 (+12.0%)	0.5%	$54.94	—	GLB NAT RESRCE	78463X541
FDD	FIRST TR EXCHANGE-TRADED FD	41,523 (+1.8%)	$727 (+10.3%)	0.5%	$15.57	—	COMMON SHS	33735T109
QQQ	INVESCO QQQ TR	1,180 (+7.4%)	$725 (+9.9%)	0.5%	$335.10	—	UNIT SER 1	46090E103
DKS	DICKS SPORTING GOODS INC	2,968 (+1.2%)	$588 (-9.8%)	0.4%	$182.72	+18.8%	COM	253393102
AMZN	AMAZON COM INC	2,100 (+9.5%)	$485 (+15.1%)	0.4%	$127.27	+79.8%	COM	023135106
VIG	VANGUARD SPECIALIZED FUNDS	4,783 (+4.5%)	$1,051 (+6.4%)	0.8%	$197.13	—	DIV APP ETF	921908844
TM	TOYOTA MOTOR CORP	2,125 (+2.4%)	$455 (+14.7%)	0.3%	$173.24	—	ADS	892331307
XOM	EXXON MOBIL CORP	3,782 (+6.9%)	$455 (+14.1%)	0.3%	$104.26	+10.8%	COM	30231G102
CL	COLGATE PALMOLIVE CO	4,070 (+21.7%)	$322 (+20.3%)	0.2%	$73.26	+6.9%	COM	194162103
GPC	GENUINE PARTS CO	4,136 (+1.9%)	$509 (-9.6%)	0.4%	$124.44	+3.4%	COM	372460105
PANW	PALO ALTO NETWORKS INC	3,492 (+2.7%)	$643 (-7.1%)	0.5%	$152.55	+32.2%	COM	697435105
SPDW	SPDR INDEX SHS FDS	7,506 (+11.6%)	$333 (+15.8%)	0.2%	$42.96	—	PORTFOLIO DEVLPD	78463X889
MO	ALTRIA GROUP INC	7,475 (+4.2%)	$431 (-9.0%)	0.3%	$52.77	+12.5%	COM	02209S103
KNSL	KINSALE CAP GROUP INC	1,703 (+2.6%)	$666 (-5.6%)	0.5%	$466.54	-12.6%	COM	49714P108
QQH	NORTHERN LTS FD TR III	15,675 (+1.8%)	$1,213 (+3.2%)	0.9%	$68.13	—	HCM DEFND 100	66538R748
PDBC	INVESCO ACTVELY MNGD ETC FD	61,257 (+6.1%)	$812 (+4.7%)	0.6%	$14.07	—	OPTIMUM YIELD	46090F100
PTIN	PACER FDS TR	10,219 (+9.1%)	$321 (+12.6%)	0.2%	$30.55	—	TRENDPILOT INTL	69374H683
VB	VANGUARD INDEX FDS	2,817 (+3.6%)	$727 (+5.1%)	0.5%	$202.62	—	SMALL CP ETF	922908751
GDX	VANECK ETF TRUST	3,184 (+1.9%)	$273 (+14.3%)	0.2%	$76.57	—	GOLD MINERS ETF	92189F106
MTB	M & T BK CORP	2,768 (+4.2%)	$558 (+6.3%)	0.4%	$189.78	+0.2%	COM	55261F104
PCAR	PACCAR INC	2,597 (+1.4%)	$284 (+12.9%)	0.2%	$62.66	+61.5%	COM	693718108
LFEQ	VANECK ETF TRUST	5,024 (+11.6%)	$272 (+13.6%)	0.2%	$53.31	—	LONG/FLAT TREND	92189F148
CBOE	CBOE GLOBAL MKTS INC	2,922 (+2.1%)	$733 (+4.5%)	0.5%	$226.38	+9.9%	COM	12503M108
OMC	OMNICOM GROUP INC	5,656 (+7.8%)	$457 (+6.8%)	0.3%	$72.22	+4.9%	COM	681919106
DEM	WISDOMTREE TR	14,202 (+2.7%)	$663 (+4.3%)	0.5%	$45.33	—	EMER MKT HIGH FD	97717W315
TIP	ISHARES TR	6,104 (+5.4%)	$671 (+4.1%)	0.5%	$111.15	—	TIPS BD ETF	464287176
VZ	VERIZON COMMUNICATIONS INC	18,793 (+11.7%)	$765 (+3.5%)	0.6%	$38.06	+6.4%	COM	92343V104
CPRT	COPART INC	13,127 (+21.0%)	$514 (+5.3%)	0.4%	$42.77	-3.1%	COM	217204106
EMB	ISHARES TR	8,328 (+2.1%)	$802 (+3.3%)	0.6%	$95.21	—	JPMORGAN USD EMG	464288281
FANG	DIAMONDBACK ENERGY INC	2,361 (+1.0%)	$355 (+6.1%)	0.3%	$118.33	+24.3%	COM	25278X109
TLT	ISHARES TR	7,720 (+5.1%)	$673 (+2.5%)	0.5%	$89.26	—	20 YR TR BD ETF	464287432
MCD	MCDONALDS CORP	1,775 (+2.1%)	$543 (+2.7%)	0.4%	$290.52	+5.0%	COM	580135101
VO	VANGUARD INDEX FDS	2,484 (+3.1%)	$721 (+1.8%)	0.5%	$225.71	—	MID CAP ETF	922908629
XLU	SELECT SECTOR SPDR TR	12,027 (+99.6%)	$513 (-2.3%)	0.4%	$58.52	—	STATE STREET UTI	81369Y886
AMLP	ALPS ETF TR	5,348 (+4.2%)	$251 (+4.4%)	0.2%	$48.11	—	ALERIAN MLP	00162Q452
MSFT	MICROSOFT CORP	712 (+9.2%)	$344 (+1.9%)	0.3%	$438.13	+14.3%	COM	594918104
USRT	ISHARES TR	11,585 (+3.9%)	$660 (+0.8%)	0.5%	$57.54	—	CRE U S REIT ETF	464288521
HEI/A	HEICO CORP NEW	1,951 (+1.5%)	$492 (+0.8%)	0.4%	$151.84	+62.6%	CL A	422806208
EOG	EOG RES INC	2,274 (+6.0%)	$239 (-0.7%)	0.2%	$100.01	+7.2%	COM	26875P101

Exited Positions (10)

AZO AUTOZONE INC 0.7%

Value ($000) $910 Shares 212 Est. Cost $2627.02 Unrealized +43.8%

DHI D R HORTON INC 0.6%

Value ($000) $764 Shares 4,507 Est. Cost $122.31 Unrealized +24.3%

DECK DECKERS OUTDOOR CORP 0.4%

Value ($000) $604 Shares 5,955 Est. Cost $110.40 Unrealized -15.1%

BLDR BUILDERS FIRSTSOURCE INC 0.4%

Value ($000) $564 Shares 4,653 Est. Cost $121.84 Unrealized -7.8%

— TOTALENERGIES SE 0.3%

Value ($000) $372 Shares 6,229 Est. Cost $65.51 Unrealized —

ETHA ISHARES ETHEREUM TR 0.2%

Value ($000) $268 Shares 8,499 Est. Cost $31.51 Unrealized —

XLE SELECT SECTOR SPDR TR 0.2%

Value ($000) $223 Shares 2,498 Est. Cost $89.34 Unrealized —

META META PLATFORMS INC 0.2%

Value ($000) $215 Shares 293 Est. Cost $743.23 Unrealized -10.2%

CIBR FIRST TR EXCHANGE TRADED FD 0.2%

Value ($000) $214 Shares 2,819 Est. Cost $75.58 Unrealized —

ACHR ARCHER AVIATION INC 0.1%

Value ($000) $118 Shares 12,329 Est. Cost $9.90 Unrealized -4.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	AUTOZONE INC	212	$910	0.7%	$2627.02	+43.8%	—	053332102
DHI	D R HORTON INC	4,507	$764	0.6%	$122.31	+24.3%	—	23331A109
DECK	DECKERS OUTDOOR CORP	5,955	$604	0.4%	$110.40	-15.1%	—	243537107
BLDR	BUILDERS FIRSTSOURCE INC	4,653	$564	0.4%	$121.84	-7.8%	—	12008R107
—	TOTALENERGIES SE	6,229	$372	0.3%	$65.51	—	—	89151E109
ETHA	ISHARES ETHEREUM TR	8,499	$268	0.2%	$31.51	—	—	46438R105
XLE	SELECT SECTOR SPDR TR	2,498	$223	0.2%	$89.34	—	—	81369Y506
META	META PLATFORMS INC	293	$215	0.2%	$743.23	-10.2%	—	30303M102
CIBR	FIRST TR EXCHANGE TRADED FD	2,819	$214	0.2%	$75.58	—	—	33734X846
ACHR	ARCHER AVIATION INC	12,329	$118	0.1%	$9.90	-4.9%	—	03945R102

Decreased Positions (35)

IWD ISHARES TR 1.5%

Value ($000) $2,056 (-25.7%) Shares 9,776 (-28.0%) Est. Cost $194.23 Unrealized —

DOCS DOXIMITY INC 0.3%

Value ($000) $370 (-41.9%) Shares 8,363 (-4.0%) Est. Cost $63.79 Unrealized -12.0%

POWL POWELL INDS INC 0.7%

Value ($000) $899 (-22.9%) Shares 2,820 (-26.3%) Est. Cost $253.93 Unrealized +32.5%

CAT CATERPILLAR INC 0.5%

Value ($000) $734 (-22.6%) Shares 1,281 (-35.5%) Est. Cost $366.76 Unrealized +51.5%

KR KROGER CO 0.4%

Value ($000) $596 (-25.5%) Shares 9,532 (-19.6%) Est. Cost $42.25 Unrealized +54.4%

LLY ELI LILLY & CO 0.5%

Value ($000) $749 (+36.2%) Shares 697 (-3.3%) Est. Cost $443.51 Unrealized +115.4%

ACM AECOM 0.4%

Value ($000) $498 (-28.2%) Shares 5,226 (-1.7%) Est. Cost $103.04 Unrealized +13.8%

MPWR MONOLITHIC PWR SYS INC 0.5%

Value ($000) $660 (-21.2%) Shares 728 (-20.0%) Est. Cost $658.32 Unrealized +45.9%

FIX COMFORT SYS USA INC 0.5%

Value ($000) $649 (-17.9%) Shares 695 (-27.4%) Est. Cost $434.87 Unrealized +112.2%

LNG CHENIERE ENERGY INC 0.4%

Value ($000) $519 (-20.3%) Shares 2,670 (-3.6%) Est. Cost $210.30 Unrealized -0.1%

VST VISTRA CORP 0.3%

Value ($000) $373 (-22.2%) Shares 2,309 (-5.6%) Est. Cost $197.68 Unrealized -8.0%

PEN PENUMBRA INC 0.5%

Value ($000) $637 (+20.0%) Shares 2,048 (-2.2%) Est. Cost $268.23 Unrealized +3.0%

FTNT FORTINET INC 0.6%

Value ($000) $888 (-9.9%) Shares 11,183 (-4.6%) Est. Cost $97.06 Unrealized -14.6%

IDCC INTERDIGITAL INC 0.3%

Value ($000) $449 (-17.8%) Shares 1,409 (-10.8%) Est. Cost $184.27 Unrealized +91.9%

NOK NOKIA CORP 0.3%

Value ($000) $433 (+21.3%) Shares 66,885 (-9.8%) Est. Cost $5.18 Unrealized —

GIS GENERAL MLS INC 0.2%

Value ($000) $273 (-20.9%) Shares 5,871 (-14.3%) Est. Cost $63.78 Unrealized -25.6%

GSK GSK PLC 0.5%

Value ($000) $647 (+10.0%) Shares 13,195 (-3.2%) Est. Cost $30.56 Unrealized —

PCTY PAYLOCITY HLDG CORP 0.4%

Value ($000) $520 (-9.3%) Shares 3,408 (-5.2%) Est. Cost $192.42 Unrealized -22.7%

DOCU DOCUSIGN INC 0.3%

Value ($000) $460 (-8.8%) Shares 6,722 (-3.8%) Est. Cost $84.63 Unrealized -18.3%

JNJ JOHNSON & JOHNSON 0.5%

Value ($000) $621 (+6.4%) Shares 2,999 (-4.7%) Est. Cost $150.84 Unrealized +30.6%

CLS CELESTICA INC 0.4%

Value ($000) $601 (-5.8%) Shares 2,034 (-21.5%) Est. Cost $106.30 Unrealized +183.5%

TS TENARIS S A 0.4%

Value ($000) $604 (+6.3%) Shares 15,698 (-1.1%) Est. Cost $37.69 Unrealized —

GILD GILEAD SCIENCES INC 0.3%

Value ($000) $451 (+7.7%) Shares 3,677 (-2.6%) Est. Cost $101.96 Unrealized +18.6%

CMI CUMMINS INC 0.3%

Value ($000) $457 (+6.7%) Shares 895 (-11.7%) Est. Cost $246.73 Unrealized +89.0%

PLTR PALANTIR TECHNOLOGIES INC 0.2%

Value ($000) $287 (-8.8%) Shares 1,614 (-6.4%) Est. Cost $162.07 Unrealized +11.7%

ABCL ABCELLERA BIOLOGICS INC 0.0%

Value ($000) $41 (-33.5%) Shares 12,074 (-2.2%) Est. Cost $2.49 Unrealized +79.3%

SPEM SPDR INDEX SHS FDS 0.2%

Value ($000) $252 (-5.6%) Shares 5,381 (-5.6%) Est. Cost $46.81 Unrealized —

JPM JPMORGAN CHASE & CO. 0.3%

Value ($000) $426 (-3.2%) Shares 1,321 (-5.2%) Est. Cost $128.84 Unrealized +140.3%

MS MORGAN STANLEY 0.2%

Value ($000) $332 (+4.1%) Shares 1,869 (-6.8%) Est. Cost $119.51 Unrealized +39.3%

COR CENCORA INC 0.5%

Value ($000) $734 (-0.5%) Shares 2,174 (-8.0%) Est. Cost $124.79 Unrealized +172.9%

PLBY PLAYBOY INC 0.0%

Value ($000) $33 (-10.5%) Shares 17,500 (-30.0%) Est. Cost $1.16 Unrealized +41.0%

XLSR SSGA ACTIVE TR 0.3%

Value ($000) $395 (+0.8%) Shares 6,345 (-3.6%) Est. Cost $55.65 Unrealized —

SPY SPDR S&P 500 ETF TR 0.7%

Value ($000) $985 (-0.2%) Shares 1,445 (-2.5%) Est. Cost $511.47 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.3%

Value ($000) $464 (-0.1%) Shares 4,020 (-2.5%) Est. Cost $75.86 Unrealized +55.2%

NU NU HLDGS LTD 0.4%

Value ($000) $569 (+0.1%) Shares 33,988 (-4.3%) Est. Cost $12.12 Unrealized +32.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWD	ISHARES TR	9,776 (-28.0%)	$2,056 (-25.7%)	1.5%	$194.23	—	RUS 1000 VAL ETF	464287598
DOCS	DOXIMITY INC	8,363 (-4.0%)	$370 (-41.9%)	0.3%	$63.79	-12.0%	CL A	26622P107
POWL	POWELL INDS INC	2,820 (-26.3%)	$899 (-22.9%)	0.7%	$253.93	+32.5%	COM	739128106
CAT	CATERPILLAR INC	1,281 (-35.5%)	$734 (-22.6%)	0.5%	$366.76	+51.5%	COM	149123101
KR	KROGER CO	9,532 (-19.6%)	$596 (-25.5%)	0.4%	$42.25	+54.4%	COM	501044101
LLY	ELI LILLY & CO	697 (-3.3%)	$749 (+36.2%)	0.5%	$443.51	+115.4%	COM	532457108
ACM	AECOM	5,226 (-1.7%)	$498 (-28.2%)	0.4%	$103.04	+13.8%	COM	00766T100
MPWR	MONOLITHIC PWR SYS INC	728 (-20.0%)	$660 (-21.2%)	0.5%	$658.32	+45.9%	COM	609839105
FIX	COMFORT SYS USA INC	695 (-27.4%)	$649 (-17.9%)	0.5%	$434.87	+112.2%	COM	199908104
LNG	CHENIERE ENERGY INC	2,670 (-3.6%)	$519 (-20.3%)	0.4%	$210.30	-0.1%	COM NEW	16411R208
VST	VISTRA CORP	2,309 (-5.6%)	$373 (-22.2%)	0.3%	$197.68	-8.0%	COM	92840M102
PEN	PENUMBRA INC	2,048 (-2.2%)	$637 (+20.0%)	0.5%	$268.23	+3.0%	COM	70975L107
FTNT	FORTINET INC	11,183 (-4.6%)	$888 (-9.9%)	0.6%	$97.06	-14.6%	COM	34959E109
IDCC	INTERDIGITAL INC	1,409 (-10.8%)	$449 (-17.8%)	0.3%	$184.27	+91.9%	COM	45867G101
NOK	NOKIA CORP	66,885 (-9.8%)	$433 (+21.3%)	0.3%	$5.18	—	SPONSORED ADR	654902204
GIS	GENERAL MLS INC	5,871 (-14.3%)	$273 (-20.9%)	0.2%	$63.78	-25.6%	COM	370334104
GSK	GSK PLC	13,195 (-3.2%)	$647 (+10.0%)	0.5%	$30.56	—	SPONSORED ADR	37733W204
PCTY	PAYLOCITY HLDG CORP	3,408 (-5.2%)	$520 (-9.3%)	0.4%	$192.42	-22.7%	COM	70438V106
DOCU	DOCUSIGN INC	6,722 (-3.8%)	$460 (-8.8%)	0.3%	$84.63	-18.3%	COM	256163106
JNJ	JOHNSON & JOHNSON	2,999 (-4.7%)	$621 (+6.4%)	0.5%	$150.84	+30.6%	COM	478160104
CLS	CELESTICA INC	2,034 (-21.5%)	$601 (-5.8%)	0.4%	$106.30	+183.5%	COM	15101Q207
TS	TENARIS S A	15,698 (-1.1%)	$604 (+6.3%)	0.4%	$37.69	—	SPONSORED ADS	88031M109
GILD	GILEAD SCIENCES INC	3,677 (-2.6%)	$451 (+7.7%)	0.3%	$101.96	+18.6%	COM	375558103
CMI	CUMMINS INC	895 (-11.7%)	$457 (+6.7%)	0.3%	$246.73	+89.0%	COM	231021106
PLTR	PALANTIR TECHNOLOGIES INC	1,614 (-6.4%)	$287 (-8.8%)	0.2%	$162.07	+11.7%	CL A	69608A108
ABCL	ABCELLERA BIOLOGICS INC	12,074 (-2.2%)	$41 (-33.5%)	0.0%	$2.49	+79.3%	COM	00288U106
SPEM	SPDR INDEX SHS FDS	5,381 (-5.6%)	$252 (-5.6%)	0.2%	$46.81	—	PORTFOLIO EMG MK	78463X509
JPM	JPMORGAN CHASE & CO.	1,321 (-5.2%)	$426 (-3.2%)	0.3%	$128.84	+140.3%	COM	46625H100
MS	MORGAN STANLEY	1,869 (-6.8%)	$332 (+4.1%)	0.2%	$119.51	+39.3%	COM NEW	617446448
COR	CENCORA INC	2,174 (-8.0%)	$734 (-0.5%)	0.5%	$124.79	+172.9%	COM	03073E105
PLBY	PLAYBOY INC	17,500 (-30.0%)	$33 (-10.5%)	0.0%	$1.16	+41.0%	COM	72814P109
XLSR	SSGA ACTIVE TR	6,345 (-3.6%)	$395 (+0.8%)	0.3%	$55.65	—	STATE STREET US	78470P408
SPY	SPDR S&P 500 ETF TR	1,445 (-2.5%)	$985 (-0.2%)	0.7%	$511.47	—	TR UNIT	78462F103
AEP	AMERICAN ELEC PWR CO INC	4,020 (-2.5%)	$464 (-0.1%)	0.3%	$75.86	+55.2%	COM	025537101
NU	NU HLDGS LTD	33,988 (-4.3%)	$569 (+0.1%)	0.4%	$12.12	+32.6%	ORD SHS CL A	G6683N103

Unchanged Positions (15)

IAU ISHARES GOLD TR 3.8%

Value ($000) $5,260 Shares 64,807 Est. Cost $47.98 Unrealized —

BIL SPDR SERIES TRUST 9.5%

Value ($000) $13,053 Shares 142,841 Est. Cost $91.66 Unrealized —

EMXC ISHARES INC 0.8%

Value ($000) $1,101 Shares 15,146 Est. Cost $58.05 Unrealized —

IEUR ISHARES TR 1.0%

Value ($000) $1,381 Shares 19,457 Est. Cost $66.20 Unrealized —

EEM ISHARES TR 1.6%

Value ($000) $2,184 Shares 39,927 Est. Cost $48.24 Unrealized —

DTE DTE ENERGY CO 0.2%

Value ($000) $335 Shares 2,597 Est. Cost $100.35 Unrealized +34.3%

AAPL APPLE INC 0.3%

Value ($000) $435 Shares 1,601 Est. Cost $149.62 Unrealized +79.3%

HSY HERSHEY CO 0.3%

Value ($000) $445 Shares 2,443 Est. Cost $174.31 Unrealized +4.5%

VEA VANGUARD TAX-MANAGED FDS 0.2%

Value ($000) $279 Shares 4,474 Est. Cost $46.53 Unrealized —

SCHA SCHWAB STRATEGIC TR 0.2%

Value ($000) $334 Shares 11,724 Est. Cost $25.86 Unrealized —

VYM VANGUARD WHITEHALL FDS 0.2%

Value ($000) $337 Shares 2,348 Est. Cost $101.79 Unrealized —

AFL AFLAC INC 0.4%

Value ($000) $558 Shares 5,057 Est. Cost $56.26 Unrealized +95.2%

MBSF VALUED ADVISERS TR 0.2%

Value ($000) $263 Shares 10,273 Est. Cost $25.41 Unrealized —

SCHD SCHWAB STRATEGIC TR 0.2%

Value ($000) $332 Shares 12,114 Est. Cost $42.13 Unrealized —

SHY ISHARES TR 0.2%

Value ($000) $246 Shares 2,970 Est. Cost $81.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAU	ISHARES GOLD TR	64,807	$5,260	3.8%	$47.98	—	ISHARES NEW	464285204
BIL	SPDR SERIES TRUST	142,841	$13,053	9.5%	$91.66	—	STATE STREET SPD	78468R663
EMXC	ISHARES INC	15,146	$1,101	0.8%	$58.05	—	MSCI EMRG CHN	46434G764
IEUR	ISHARES TR	19,457	$1,381	1.0%	$66.20	—	CORE MSCI EURO	46434V738
EEM	ISHARES TR	39,927	$2,184	1.6%	$48.24	—	MSCI EMG MKT ETF	464287234
DTE	DTE ENERGY CO	2,597	$335	0.2%	$100.35	+34.3%	COM	233331107
AAPL	APPLE INC	1,601	$435	0.3%	$149.62	+79.3%	COM	037833100
HSY	HERSHEY CO	2,443	$445	0.3%	$174.31	+4.5%	COM	427866108
VEA	VANGUARD TAX-MANAGED FDS	4,474	$279	0.2%	$46.53	—	VAN FTSE DEV MKT	921943858
SCHA	SCHWAB STRATEGIC TR	11,724	$334	0.2%	$25.86	—	US SML CAP ETF	808524607
VYM	VANGUARD WHITEHALL FDS	2,348	$337	0.2%	$101.79	—	HIGH DIV YLD	921946406
AFL	AFLAC INC	5,057	$558	0.4%	$56.26	+95.2%	COM	001055102
MBSF	VALUED ADVISERS TR	10,273	$263	0.2%	$25.41	—	REGAN FLTG RATE	92046L338
SCHD	SCHWAB STRATEGIC TR	12,114	$332	0.2%	$42.13	—	US DIVIDEND EQ	808524797
SHY	ISHARES TR	2,970	$246	0.2%	$81.98	—	1 3 YR TREAS BD	464287457