SAGE RHINO CAPITAL LLC

13F filer, CIK 1771605, MENLO PARK, CA

SAGE RHINO CAPITAL LLC reported $473,143,339 across 282 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-17. Its ten largest share positions make up 32.01% of the portfolio.

Filed 2025-07-17 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001085146-25-003912

Period: 2025-06-30
Reported value: $473M
Holdings: 282
Top 10 weight: 32.01%
New: 37
Sold out: 20

Largest buys vs the previous quarter

Security	Shares change	Approx. value
GBILadded	+52,182	$5.23M
SGOVadded	+26,642	$2.68M
IAUadded	+23,512	$1.47M
IEFAadded	+13,884	$1.16M
VWOadded	+20,910	$1.03M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
AVUSreduced	-19,278	-$1.94M
RSPreduced	-6,555	-$1.19M
AVLVreduced	-13,081	-$892K
GSSTreduced	-14,774	-$747K
SDYreduced	-5,195	-$705K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-003912, largest first. % of portfolio is the value over $472,885,339, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
IAUISHARES GOLD TR	321,686	$20.1M	4.24%	+23,512	Timeline
VOVANGUARD INDEX FDS	67,395	$18.9M	3.99%	+2,109	Timeline
GBILGOLDMAN SACHS ETF TR	183,149	$18.3M	3.88%	+52,182	Timeline
RSPINVESCO EXCHANGE TRADED FD T	95,159	$17.3M	3.66%	-6,555	Timeline
VBVANGUARD INDEX FDS	70,328	$16.7M	3.52%	+3,209	Timeline
IEFAISHARES TR	185,390	$15.5M	3.27%	+13,884	Timeline
AVUVAMERICAN CENTY ETF TR	162,049	$14.8M	3.12%	+3,945	Timeline
SDYSPDR SERIES TRUST	78,470	$10.7M	2.25%	-5,195	Timeline
AAPLAPPLE INC	47,081	$9.66M	2.04%	-722	Timeline
AVLVAMERICAN CENTY ETF TR	140,787	$9.6M	2.03%	-13,081	Timeline
VTIVANGUARD INDEX FDS	29,086	$8.84M	1.87%	-259	Timeline
VWOVANGUARD INTL EQUITY INDEX F	175,235	$8.67M	1.83%	+20,910	Timeline
AVUSAMERICAN CENTY ETF TR	83,621	$8.43M	1.78%	-19,278	Timeline
AVDEAMERICAN CENTY ETF TR	113,184	$8.38M	1.77%	+10,214	Timeline
TSLATESLA INC	25,689	$8.16M	1.73%	-41	Timeline
MSFTMICROSOFT CORP	16,020	$7.97M	1.69%	+907	Timeline
JAAAJANUS DETROIT STR TR	150,905	$7.66M	1.62%	-13,058	Timeline
SGOVISHARES TR	75,377	$7.59M	1.6%	+26,642	Timeline
COINCOINBASE GLOBAL INC	21,454	$7.52M	1.59%	+389	Timeline
VCITVANGUARD SCOTTSDALE FDS	89,152	$7.39M	1.56%	+494	Timeline
VYMVANGUARD WHITEHALL FDS	54,248	$7.23M	1.53%	+1,190	Timeline
XLISELECT SECTOR SPDR TR	46,934	$6.92M	1.46%	-4,177	Timeline
BNDVANGUARD BD INDEX FDS	92,268	$6.79M	1.44%	-152	Timeline
IEMGISHARES INC	93,812	$5.63M	1.19%	+10,557	Timeline
BNDXVANGUARD CHARLOTTE FDS	112,673	$5.58M	1.18%	+2,857	Timeline
RSPTINVESCO EXCHANGE TRADED FD T	135,721	$5.53M	1.17%	-12,180	Timeline
GSSTGOLDMAN SACHS ETF TR	106,568	$5.39M	1.14%	-14,774	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	8,716	$5.39M	1.14%	+17	Timeline
VSSVANGUARD INTL EQUITY INDEX F	39,834	$5.35M	1.13%	+4,113	Timeline
VHTVANGUARD WORLD FD	20,105	$4.99M	1.06%	-834	Timeline
NVDANVIDIA CORPORATION	29,909	$4.73M	1%	+673	Timeline
AMZNAMAZON COM INC	17,939	$3.94M	0.83%	+449	Timeline
VMBSVANGUARD SCOTTSDALE FDS	84,034	$3.89M	0.82%	-5,564	Timeline
GOOGALPHABET INC	21,029	$3.73M	0.79%	+1,808	Timeline
VWOBVANGUARD WHITEHALL FDS	55,937	$3.66M	0.77%	+1,674	Timeline
GSBDGOLDMAN SACHS BDC INC	276,485	$3.11M	0.66%	+12,700	Timeline
VTIPVANGUARD MALVERN FDS	59,307	$2.98M	0.63%	+2,692	Timeline
MINTPIMCO ETF TR	29,572	$2.97M	0.63%	-3,450	Timeline
IVVISHARES TR	4,666	$2.9M	0.61%	0	Timeline
JPMJPMORGAN CHASE & CO	9,991	$2.9M	0.61%	-43	Timeline
JCPIJ P MORGAN EXCHANGE TRADED F	57,180	$2.76M	0.58%	-1,958	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	53,579	$2.72M	0.57%	-9,791	Timeline
NFLXNETFLIX INC.	1,950	$2.61M	0.55%	-67	Timeline
LDURPIMCO ETF TR	25,772	$2.47M	0.52%	-2,959	Timeline
IYRISHARES TR	24,393	$2.31M	0.49%	+432	Timeline
XBBBONDBLOXX ETF TRUST	55,794	$2.3M	0.49%	+656	Timeline
IAGGISHARES TR	43,907	$2.24M	0.47%	+782	Timeline
VUSBVANGUARD BD INDEX FDS	44,727	$2.23M	0.47%	-6,722	Timeline
GOOGLALPHABET INC	12,213	$2.15M	0.46%	+1,445	Timeline
DFGRDIMENSIONAL ETF TRUST	80,118	$2.15M	0.45%	+6,781	Timeline
JPIEJ P MORGAN EXCHANGE TRADED F	45,960	$2.13M	0.45%	-2,455	Timeline
METAMETA PLATFORMS INC	2,841	$2.1M	0.44%	-20	Timeline
VAWVANGUARD WORLD FD	10,336	$2.01M	0.43%	-1,584	Timeline
ORCLORACLE CORP	9,118	$1.99M	0.42%	-18	Timeline
VTEBVANGUARD MUN BD FDS	37,903	$1.86M	0.39%	-1,891	Timeline
HYSPIMCO ETF TR	18,994	$1.8M	0.38%	-337	Timeline
AVGOBROADCOM INC	6,303	$1.74M	0.37%	-84	Timeline
WFCWELLS FARGO & CO	21,215	$1.7M	0.36%	+1,696	Timeline
LLYELI LILLY & CO	2,151	$1.68M	0.35%	+12	Timeline
FLEXFLEX LTD	33,372	$1.67M	0.35%	+1,141	Timeline
VEUVANGUARD INTL EQUITY INDEX F	24,777	$1.67M	0.35%	-5,278	Timeline
GNRSPDR INDEX SHS FDS	28,054	$1.52M	0.32%	-390	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	2	$1.46M	0.31%	0	Timeline
ROSTROSS STORES INC	11,154	$1.42M	0.3%	+1,915	Timeline
IWMISHARES TR	6,580	$1.42M	0.3%	0	Timeline
AXPAMERICAN EXPRESS CO	4,440	$1.42M	0.3%	+10	Timeline
TRNOTERRENO RLTY CORP	25,158	$1.41M	0.3%	+82	Timeline
COSTCOSTCO WHOLESALE CORPORATION	1,362	$1.35M	0.29%	+1	Timeline
CCJCAMECO CORP	17,766	$1.32M	0.28%	-2	Timeline
ABNBAIRBNB INC	9,924	$1.31M	0.28%	+185	Timeline
DOCUDOCUSIGN INC	16,786	$1.31M	0.28%	-34	Timeline
SCHWCHARLES SCHWAB CORP (THE)	14,260	$1.3M	0.28%	+10	Timeline
CRCCALIFORNIA RES CORP	27,950	$1.28M	0.27%	+2,249	Timeline
BLKBLACKROCK INC	1,205	$1.26M	0.27%	-1	Timeline
AVEMAMERICAN CENTY ETF TR	18,064	$1.24M	0.26%	+19	Timeline
PGPROCTER & GAMBLE CO	7,763	$1.24M	0.26%	+8	Timeline
VXFVANGUARD INDEX FDS	6,317	$1.22M	0.26%	-639	Timeline
CSCOCISCO SYS INC	17,428	$1.21M	0.26%	-29	Timeline
BXBLACKSTONE INC	8,036	$1.2M	0.25%	+63	Timeline
VVISA INC	3,377	$1.2M	0.25%	+3	Timeline
MSMORGAN STANLEY	8,097	$1.14M	0.24%	+3	Timeline
ZTSZOETIS INC	7,155	$1.12M	0.24%	+141	Timeline
DASHDOORDASH INC	4,448	$1.1M	0.23%	+126	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	2,243	$1.09M	0.23%	-4	Timeline
ASMLASML HLDG NV	1,340	$1.07M	0.23%	-41	Timeline
DFAXDIMENSIONAL ETF TRUST	36,002	$1.06M	0.22%	-1,677	Timeline
JNJJOHNSON & JOHNSON	6,878	$1.05M	0.22%	+143	Timeline
SAPSAP SE	3,438	$1.05M	0.22%	+37	Timeline
NVSNOVARTIS AG	8,120	$983K	0.21%	+99	Timeline
CFCF INDUSTRIES HOLD	10,519	$968K	0.2%	+3,536	Timeline
KKRKKR & CO INC	7,263	$966K	0.2%	-755	Timeline
CWBSPDR SERIES TRUST	11,635	$962K	0.2%	+61	Timeline
VIGVANGUARD SPECIALIZED FUNDS	4,622	$946K	0.2%	0	Timeline
SHELSHELL PLC	13,275	$935K	0.2%	+21	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	3,934	$891K	0.19%	+131	Timeline
CRMSALESFORCE INC	3,176	$866K	0.18%	+10	Timeline
AZNASTRAZENECA PLC-SPONS ADR	12,251	$856K	0.18%	-8	Timeline
IWFISHARES TR	2,000	$849K	0.18%	0	Timeline
PFFISHARES TR	27,233	$836K	0.18%	+1,565	Timeline
MRKMERCK & CO INC	10,531	$834K	0.18%	-50	Timeline
XOMEXXON MOBIL CORP	7,713	$831K	0.18%	+25	Timeline
TWLOTWILIO INC	6,500	$808K	0.17%	-74	Timeline
NVONOVO-NORDISK A S	11,632	$803K	0.17%	-185	Timeline
VEAVANGUARD TAX-MANAGED FDS	14,006	$798K	0.17%	+463	Timeline
AAAUGOLDMAN SACHS PHYSICAL GOLD	24,282	$794K	0.17%	+14,282	Timeline
HSBCHSBC HLDGS PLC	12,808	$779K	0.16%	+158	Timeline
NEMNEWMONT CORP	12,983	$756K	0.16%	+86	Timeline
BKNGBOOKING HOLDINGS INC	124	$718K	0.15%	-2	Timeline
DFACDIMENSIONAL ETF TRUST	19,376	$694K	0.15%	+615	Timeline
SMMUPIMCO ETF TR	13,579	$681K	0.14%	-3,188	Timeline
BBARRICK MNG CORP	32,693	$681K	0.14%	new	Timeline
BABOEING CO	3,241	$679K	0.14%	-68	Timeline
AMGNAMGEN INC	2,397	$669K	0.14%	-6	Timeline
TMTOYOTA MOTOR CORP	3,847	$663K	0.14%	-333	Timeline
SONYSONY GROUP CORP	25,299	$659K	0.14%	+651	Timeline
HDHOME DEPOT INC	1,759	$645K	0.14%	+10	Timeline
RPGINVESCO EXCHANGE TRADED FD T	13,045	$597K	0.13%	0	Timeline
CLOVCLOVER HEALTH INVESTMENTS CO	211,533	$590K	0.12%	-107	Timeline
MAMASTERCARD INCORPORATED	1,039	$584K	0.12%	-7	Timeline
GLDSPDR GOLD TR	1,860	$567K	0.12%	0	Timeline
UNILEVER PLCUNILEVER PLC	9,241	$565K	0.12%	0
AERAERCAP HOLDINGS NV	4,789	$560K	0.12%	-143	Timeline
WMTWALMART INC	5,710	$558K	0.12%	-33	Timeline
EFAISHARES TR	6,212	$555K	0.12%	+12	Timeline
VRRMVERRA MOBILITY CORP	21,671	$550K	0.12%	+337	Timeline
GEGE AEROSPACE	2,122	$546K	0.12%	+1	Timeline
MUFGMITSUBISHI UFJ FINANCIAL GRO	39,583	$543K	0.11%	-118	Timeline
AREALEXANDRIA REAL ESTATE EQ IN	7,439	$540K	0.11%	-34	Timeline
QCOMQUALCOMM INC	3,367	$536K	0.11%	+4	Timeline
BBVABANCO BILBAO VIZCAYA ARGENTA	34,825	$535K	0.11%	-377	Timeline
SMFGSUMITOMO MITSUI FIN GRP INC	35,383	$535K	0.11%	-376	Timeline
BHPBHP BILLITON LIMITED	11,005	$529K	0.11%	+772	Timeline
PMPHILIP MORRIS INTL INC	2,874	$523K	0.11%	-163	Timeline
IJHISHARES TR	8,400	$521K	0.11%	0	Timeline
UBSUBS GROUP AG	15,093	$510K	0.11%	-328	Timeline
SCHASCHWAB STRATEGIC TR	20,158	$510K	0.11%	+11	Timeline
VCSHVANGUARD SCOTTSDALE FDS	6,231	$495K	0.1%	0	Timeline
CVXCHEVRON CORPORATION	3,432	$491K	0.1%	+3	Timeline
BONDPIMCO ETF TR	5,001	$461K	0.1%	-1,844	Timeline
WMGWARNER MUSIC GROUP CORP	16,464	$448K	0.09%	+103	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	7,175	$440K	0.09%	+5
SANBANCO SANTANDER SA	52,364	$435K	0.09%	+169	Timeline
ABBVABBVIE INC	2,305	$428K	0.09%	+5	Timeline
SCHBSCHWAB STRATEGIC TR	17,898	$427K	0.09%	+44	Timeline
MR COOPER GROUP INCMR COOPER GROUP INC	2,838	$423K	0.09%	+651
ABTABBOTT LABORATORIES	3,010	$409K	0.09%	+25	Timeline
SNYSANOFI SA	8,419	$407K	0.09%	-229	Timeline
IWPISHARES TR	2,924	$406K	0.09%	0	Timeline
RELXRELX PLC	7,442	$404K	0.09%	+16	Timeline
INGING GROEP N.V.	18,049	$395K	0.08%	-130	Timeline
KOCOCA COLA CO	5,517	$390K	0.08%	+33	Timeline
TAT&T INC	13,290	$385K	0.08%	+19	Timeline
AVGEAMERICAN CENTY ETF TR	4,840	$375K	0.08%	+89	Timeline
DFASDIMENSIONAL ETF TRUST	5,769	$368K	0.08%	0	Timeline
INTUINTUIT	451	$355K	0.08%	-5	Timeline
IJRISHARES TR	3,249	$355K	0.08%	-1,000	Timeline
BWABORGWARNER INC	10,364	$347K	0.07%	+2,162	Timeline
NGGNATIONAL GRID PLC	4,654	$346K	0.07%	+130	Timeline
VBRVANGUARD INDEX FDS	1,735	$338K	0.07%	new	Timeline
QQQINVESCO QQQ TR	611	$337K	0.07%	-1	Timeline
TRVTRAVELERS COMPANIES INC	1,234	$330K	0.07%	+16	Timeline
AMATAPPLIED MATLS INC	1,780	$326K	0.07%	+82	Timeline
BTIBRITISH AMERN TOB PLC	6,780	$321K	0.07%	+30	Timeline
BPBP PLC	10,475	$314K	0.07%	-790	Timeline
RACEFERRARI N V	636	$312K	0.07%	+13	Timeline
TXNTEXAS INSTRS INC	1,499	$311K	0.07%	-1	Timeline
AMDADVANCED MICRO DEVICES INC	2,193	$311K	0.07%	-12	Timeline
MCDMCDONALDS CORP	1,063	$311K	0.07%	+4	Timeline
VOEVANGUARD INDEX FDS	1,878	$309K	0.07%	0	Timeline
SPOTSPOTIFY TECHNOLOGY S A	402	$308K	0.07%	0	Timeline
WKWORKIVA INC	4,504	$308K	0.07%	-53	Timeline
SCHFSCHWAB STRATEGIC TR	13,932	$308K	0.07%	+89	Timeline
BCSBARCLAYS PLC	16,542	$308K	0.07%	-21	Timeline
QRVOQORVO INC	3,598	$306K	0.06%	-988	Timeline
EEMISHARES TR	6,288	$303K	0.06%	0	Timeline
ETNEATON CORP PLC	844	$301K	0.06%	+3	Timeline
CEGCONSTELLATION ENERGY CORP	929	$300K	0.06%	new	Timeline
UNPUNION PAC CORP	1,300	$299K	0.06%	-17	Timeline
UNHUNITEDHEALTH GROUP INC	954	$298K	0.06%	-88	Timeline
IWBISHARES TR	868	$295K	0.06%	0	Timeline
GEVGE VERNOVA INC	557	$295K	0.06%	new	Timeline
VNQVANGUARD INDEX FDS	3,306	$294K	0.06%	+2	Timeline
RSRELIANCE INC	927	$291K	0.06%	+68	Timeline
LNCLINCOLN NATL CORP IND	8,224	$285K	0.06%	+378	Timeline
IBMINTERNATIONAL BUSINESS MACHS	956	$282K	0.06%	+61	Timeline
CECELANESE CORP DEL	5,058	$280K	0.06%	+220	Timeline
UNMUNUM GROUP	3,424	$277K	0.06%	-49	Timeline
BACBANK OF AMER CORP	5,817	$275K	0.06%	+24	Timeline
JXNJACKSON FINANCIAL INC	3,093	$275K	0.06%	+79	Timeline
ICSHISHARES TR	5,353	$271K	0.06%	+5	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	659	$267K	0.06%	-24	Timeline
ETBEATON VANCE TAX MNGED BUY WR	18,500	$267K	0.06%	-4,500	Timeline
SPYGSPDR SERIES TRUST	2,771	$264K	0.06%	0	Timeline
HONHONEYWELL INTL INC	1,126	$262K	0.06%	-6	Timeline
GILDGILEAD SCIENCES INC	2,359	$262K	0.06%	+73	Timeline
NXTNEXTPOWER INC	4,792	$261K	0.06%	-230	Timeline
SANMSANMINA CORP	2,624	$257K	0.05%	-101	Timeline
HLTHILTON WORLDWIDE HLDGS INC	963	$256K	0.05%	+41	Timeline
GSKGSK PLC	6,612	$254K	0.05%	+225	Timeline
FMCFMC CORP	6,004	$251K	0.05%	-398	Timeline
EATBRINKER INTL INC	1,389	$250K	0.05%	-262	Timeline
MFGMIZUHO FINANCIAL GROUP INC	44,832	$249K	0.05%	-148	Timeline
BMIBADGER METER INC	1,010	$247K	0.05%	new	Timeline
DBDEUTSCHE BK AG	8,414	$246K	0.05%	new	Timeline
GPIGROUP 1 AUTOMOTIVE INC	563	$246K	0.05%	+25	Timeline
UBERUBER TECHNOLOGIES INC	2,630	$245K	0.05%	-923	Timeline
USFDUS FOODS HLDG CORP	3,181	$245K	0.05%	+94	Timeline
ADPAUTOMATIC DATA PROCESSING IN	794	$245K	0.05%	0	Timeline
VZVERIZON COMMUNICATIONS INC	5,644	$244K	0.05%	+132	Timeline
AGOASSURED GUARANTY LTD	2,801	$244K	0.05%	+5	Timeline
PLTRPALANTIR TECHNOLOGIES INC	1,779	$242K	0.05%	new	Timeline
AVDVAMERICAN CENTY ETF TR	3,045	$241K	0.05%	+19	Timeline
BUDANHEUSER BUSCH INBEV SA NV	3,477	$239K	0.05%	+170	Timeline
SCHESCHWAB STRATEGIC TR	7,925	$239K	0.05%	+9	Timeline
ABCBAMERIS BANCORP	3,646	$236K	0.05%	+75	Timeline
VISNVISTANCE NETWORKS INC	28,176	$233K	0.05%	new	Timeline
ABGASBURY AUTOMOTIVE GROUP INC	978	$233K	0.05%	+12	Timeline
THCTENET HEALTHCARE CORP	1,314	$231K	0.05%	-213	Timeline
AVAVAEROVIRONMENT INC	794	$226K	0.05%	new	Timeline
ARANTERO RESOURCES CORP	5,590	$225K	0.05%	+65	Timeline
IBNICICI BK LTD	6,673	$224K	0.05%	new	Timeline
FLRFLUOR CORP	4,373	$224K	0.05%	new	Timeline
ALAIR LEASE CORP	3,801	$222K	0.05%	new	Timeline
CORTCORCEPT THERAPEUTICS INC	2,963	$217K	0.05%	-237	Timeline
LINLINDE PLC	463	$217K	0.05%	+6	Timeline
RIORIO TINTO PLC	3,717	$217K	0.05%	-594	Timeline
DISDISNEY WALT CO	1,739	$216K	0.05%	new	Timeline
SPXCSPX TECHNOLOGIES INC	1,282	$215K	0.05%	new	Timeline
CORCENCORA INC	712	$213K	0.05%	new	Timeline
DEDEERE & CO	419	$213K	0.05%	new	Timeline
FNFFIDELITY NATL FINL INC	3,753	$210K	0.04%	+69	Timeline
IDCCINTERDIGITAL INC	934	$209K	0.04%	new	Timeline
RGAREINSURANCE GROUP AMER INC	1,054	$209K	0.04%	-11	Timeline
FHNFIRST HORIZON CORPORATION	9,849	$209K	0.04%	new	Timeline
WPCWP CAREY INC	3,342	$208K	0.04%	new	Timeline
JBTMJBT MAREL CORPORATION	1,731	$208K	0.04%	new	Timeline
SFMSPROUTS FMRS MKT INC	1,262	$208K	0.04%	-242	Timeline
DFUSDIMENSIONAL ETF TRUST	3,087	$207K	0.04%	new	Timeline
LADLITHIA MTRS INC	609	$206K	0.04%	new	Timeline
NEENEXTERA ENERGY INC	2,949	$205K	0.04%	-57	Timeline
ADBEADOBE INC	529	$205K	0.04%	new	Timeline
RDNRADIAN GROUP INC	5,679	$205K	0.04%	new	Timeline
BMYBRISTOL-MYERS SQUIBB CO	4,375	$203K	0.04%	-149	Timeline
AWIARMSTRONG WORLD INDS INC NEW	1,246	$202K	0.04%	new	Timeline
SIGSIGNET JEWELERS LTD	2,543	$202K	0.04%	new	Timeline
DVADAVITA INC	1,420	$202K	0.04%	+1	Timeline
LYGLLOYDS BANKING GROUP PLC	47,587	$202K	0.04%	+792	Timeline
SESEA LTD	1,264	$202K	0.04%	new	Timeline
PLDPROLOGIS INC.	1,922	$202K	0.04%	-94	Timeline
AXONAXON ENTERPRISE INC	244	$202K	0.04%	new	Timeline
JLLJONES LANG LASALLE INC	788	$202K	0.04%	-57	Timeline
ACNACCENTURE PLC IRELAND	673	$201K	0.04%	+4	Timeline
CATCATERPILLAR INC	518	$201K	0.04%	new	Timeline
TAKTAKEDA PHARMACEUTICAL CO LTD	12,604	$195K	0.04%	+919	Timeline
GNWGENWORTH FINL INC	22,873	$178K	0.04%	+608	Timeline
NWGNATWEST GROUP PLC	11,425	$162K	0.03%	+79	Timeline
HLNHALEON PLC	15,496	$161K	0.03%	+269	Timeline
CNHCNH INDL N V	12,352	$160K	0.03%	+646	Timeline
AVTRAVANTOR INC	11,596	$156K	0.03%	new	Timeline
AEGAEGON LTD	21,291	$154K	0.03%	-275	Timeline
NOKNOKIA CORP	27,747	$144K	0.03%	+956	Timeline
LUMNLUMEN TECHNOLOGIES INC	29,340	$129K	0.03%	+75	Timeline
NMRNOMURA HLDGS INC	18,593	$122K	0.03%	-752	Timeline
CUSHMAN WAKEFIELD PLCCUSHMAN WAKEFIELD PLC	10,426	$115K	0.02%	new
MPTMEDICAL PROPERTIES TRUST INC	25,370	$109K	0.02%	-2,453	Timeline
ERICTELEFONAKTIEBOLAGET LM ERICS	11,575	$98.2K	0.02%	-117	Timeline
TELFYTELEFONICA SA-SPON ADR	17,863	$93.4K	0.02%	-142	Timeline
RUNSUNRUN INC	10,618	$86.9K	0.02%	new	Timeline
PTENPATTERSON-UTI ENERGY INC	14,082	$83.5K	0.02%	-2,562	Timeline
NWLNEWELL BRANDS INC	15,135	$81.7K	0.02%	-1,146	Timeline
CLFCLEVELAND-CLIFFS INC NEW	10,185	$77.4K	0.02%	-49,665	Timeline
NEOGNEOGEN CORP	13,275	$63.5K	0.01%	-3,209	Timeline
GRABGRAB HOLDINGS LIMITED	11,989	$60.3K	0.01%	+737	Timeline
BDNBRANDYWINE RLTY TR	13,043	$56K	0.01%	+1,059	Timeline
XRXXEROX HOLDINGS CORP	10,516	$55.4K	0.01%	new	Timeline
HANESBRANDS INCHANESBRANDS INC	11,590	$53.1K	0.01%	-772
UNITI GROUP INCUNITI GROUP INC	11,674	$50.4K	0.01%	+504
NGNOVAGOLD RESOURCES INC	12,000	$49.1K	0.01%	new	Timeline
RCREADY CAPITAL CORP	10,671	$46.6K	0.01%	new	Timeline
JBLUJETBLUE AIRWAYS CORP	10,713	$45.3K	0.01%	-3,618	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
CCJCAMECO CORP Stock	call	10,000	$255K	new
NGNOVAGOLD RESOURCES INC COM NEW	call	20,000	$3K	new

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
BARRICK GOLD CORPBARRICK GOLD CORP	32,635	$634K	shares
EPAMEPAM SYS INC	2,029	$343K	shares
EXEEXPAND ENERGY CORPORATION	2,743	$305K	shares
TFXTELEFLEX INCORPORATED	2,049	$283K	shares
GDXVANECK ETF TRUST	6,000	$276K	shares
PEPPEPSICO INC	1,548	$232K	shares
SBUXSTARBUCKS CORP	2,317	$227K	shares
OGNORGANON & CO	15,149	$226K	shares
DHRDANAHER CORP DEL	1,096	$225K	shares
DFNMDIMENSIONAL ETF TRUST	4,673	$222K	shares
NSITINSIGHT ENTERPRISES INC	1,468	$220K	shares
VRTXVERTEX PHARMACEUTICALS INC	453	$220K	shares
MTHMERITAGE HOMES CORP	2,983	$211K	shares
BJBJS WHSL CLUB HLDGS INC	1,770	$202K	shares
ELVELEVANCE HEALTH INC FORMERLY	464	$202K	shares
CMCSACOMCAST CORP NEW	5,456	$201K	shares
WDSWOODSIDE ENERGY GROUP LTD	10,093	$146K	shares
LXPLXP INDUSTRIAL TRUST	11,534	$99.8K	shares
VINCVincerx Pharma Inc Ordinary Shares	85,170	$45.1K	shares
SABRSABRE CORP	11,555	$32.5K	shares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001085146-25-003912	base		2025-07-17	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC