Defiance ETFs, LLC

CIK 1732541 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

Defiance ETFs, LLC reported 384 US-listed holdings worth $7.18 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: iShares Core S&P 500 ETF (2.1%), Horizon Quantum Holdings Ltd Class A Ord SHS (2.1%) and Arqit Quantum Inc. (2.0%). Against the quarter before, it opened 51 positions, added to 251, trimmed 82 and sold out of 31.

Reported holdings$7.18B+3.3% on Q1 2026

Positions384+20 on Q1 2026

The largest ten17.5%of its reported holdings

Latest 13FQ2 2026filed 14 August 2026

Where the money is

OpenedAdded toTrimmed

The 14 largest of its 384 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 51Added 251Trimmed 82Sold out 31

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 51

Horizon Quantum Holdings Ltd Class A Ord SHS HQ$150.9 million
Quantinuum Inc. QNT$95.3 million
Quantum Emotion Corp. Ordinary Shares QNC$71.6 million
Amazon.com Inc. AMZN$67.7 million
Xanadu Quantum Technolo Ltd XNDU$67.5 million
Palantir Technologies Inc. PLTR$67.1 million
Infleqtion Inc. INFQ$63.8 million
Space Exploration Techn Corp. Class A Com STK SPCX$51.8 million

and 43 more in the table below

Added to 251

Arqit Quantum Inc. ARQQ+3.6 million shares · +251%
KLA Corp. KLAC+282,773 shares · +822%
Yandex N V NBIS+321,334 shares · +2470%
GE Vernova Inc. GEV+55,439 shares · +219%
D-Wave Quantum Inc. QBTS+2.6 million shares · +752%
Eaton Corp. plc ETN+126,150 shares · +212%
BTQ Technologies Corp. BTQ+9.7 million shares · +153%
Vertiv Holdings Co. VRT+163,447 shares · +211%

and 243 more in the table below

Trimmed 82

Iris Energy Ltd IREN-12.6 million shares · -99%
Rocket Lab Corp. RKLB-5.1 million shares · -90%
Ionq Inc. Com IONQ-8.5 million shares · -88%
Oracle Corp. ORCL-2.8 million shares · -86%
Broadcom Inc. AVGO-923,192 shares · -70%
Oklo Inc. OKLO-3.5 million shares · -96%
Eli Lilly & Co. LLY-113,289 shares · -97%
Micron Technology Inc. MU-84,317 shares · -51%

and 74 more in the table below

Sold out of 31

Microstrategy Inc. MSTR$359.1 million last quarter
Hims & Hers Health, Inc. HIMS$154.1 million last quarter
Super Micro Computer, Inc. SMCI$141.6 million last quarter
Sofi Technologies Inc. SOFI$85.0 million last quarter
Novo Nordisk A/S NVO$80.6 million last quarter
Honeywell International Inc. HON$50.0 million last quarter
Booz Allen Hamilton Holding Corp. BAH$35.3 million last quarter
Soundhound Ai Inc. SOUN$26.4 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
iShares Core S&P 500 ETF IVV	205,875	$154.2 million	2.15%	-4,780
Horizon Quantum Holdings Ltd Class A Ord SHS HQ	5,582,526	$150.9 million	2.10%	new
Arqit Quantum Inc. ARQQ	5,099,023	$147.1 million	2.05%	+3,646,712
Broadcom Inc. AVGO	387,371	$143.1 million	1.99%	-923,192
NVIDIA Corp. NVDA	692,495	$136.8 million	1.90%	+215,301
Marvell Technology, Inc. MRVL	423,990	$115.3 million	1.61%	-182,824
Advanced Micro Devices Inc. AMD	196,385	$106.2 million	1.48%	-16,496
Arm Holdings plc ARM	308,010	$103.9 million	1.45%	-79,554
Cisco Systems, Inc. CSCO	865,125	$101.2 million	1.41%	+31,145
Quantinuum Inc. QNT	1,215,283	$95.3 million	1.33%	new
Astera Labs Inc. ALAB	212,915	$91.7 million	1.28%	-52,524
GE Vernova Inc. GEV	80,747	$91.6 million	1.28%	+55,439
Applied Materials Inc. AMAT	137,176	$89.3 million	1.24%	-18,373
Onto Innovation Inc. ONTO	246,958	$86.8 million	1.21%	-2,902
MKS Inc. MKSI	210,440	$86.5 million	1.20%	-40,176
BTQ Technologies Corp. BTQ	16,046,776	$85.0 million	1.18%	+9,710,306
KLA Corp. KLAC	317,164	$84.4 million	1.18%	+282,773
Qualcomm Inc. QCOM	461,709	$84.0 million	1.17%	+115,049
Lam Research Corp. LRCX	211,992	$82.9 million	1.15%	-43,368
Nokia Corporation NOK	6,372,060	$82.3 million	1.15%	-2,114,670
Micron Technology Inc. MU	79,599	$82.2 million	1.14%	-84,317
Teradyne, Inc. TER	191,977	$82.0 million	1.14%	-14,762
Intel Corp. INTC	641,755	$81.5 million	1.13%	-405,792
Lattice Semiconductor Corp. LSCC	526,111	$77.0 million	1.07%	-22,088
Yandex N V NBIS	334,346	$76.6 million	1.07%	+321,334
Eaton Corp. plc ETN	185,539	$76.5 million	1.06%	+126,150
Radnet Inc. RDNT	1,143,622	$75.0 million	1.04%	+598,148
Vertiv Holdings Co. VRT	240,769	$75.0 million	1.04%	+163,447
Cloudflare Inc. NET	304,017	$74.9 million	1.04%	+105,888
Quanta Services, Inc. PWR	106,723	$73.8 million	1.03%	+69,799
RTX Corp. RTX	384,717	$73.8 million	1.03%	+136,875
Snowflake Inc. SNOW	278,538	$72.8 million	1.01%	+83,183
Taiwan Semiconductor Manufacturing Company Limited TSM	162,723	$72.3 million	1.01%	+38,203
Texas Instruments Inc. TXN	239,821	$71.6 million	1.00%	+5,225
Quantum Emotion Corp. Ordinary Shares QNC	24,011,984	$71.6 million	1.00%	new
International Business Machines Corp. IBM	248,129	$71.0 million	0.99%	+110,464
ASML Holding N.V. ASML	38,353	$70.7 million	0.98%	+781
Tower Semiconductor Ltd TSEM	284,805	$69.9 million	0.97%	-47,763
Coherent Corp. COHR	188,228	$69.4 million	0.97%	-38,018
Teradata Corp. TDC	2,011,280	$69.3 million	0.96%	+682,337
Mongodb Inc. MDB	191,275	$68.7 million	0.96%	+92,584
Nutanix, Inc. NTNX	1,339,373	$68.6 million	0.95%	+460,839
D-Wave Quantum Inc. QBTS	2,912,047	$68.4 million	0.95%	+2,570,193
Oracle Corp. ORCL	478,066	$68.1 million	0.95%	-2,844,811
Alphabet Inc. GOOGL	187,568	$67.8 million	0.94%	+55,364
Amazon.com Inc. AMZN	279,949	$67.7 million	0.94%	new
Xanadu Quantum Technolo Ltd XNDU	5,699,266	$67.5 million	0.94%	new
NVE Corp NVEC	635,270	$67.3 million	0.94%	+54,775
Microchip Technology Inc. MCHP	758,737	$67.3 million	0.94%	+137,328
Palantir Technologies Inc. PLTR	533,993	$67.1 million	0.93%	new
Baidu, Inc. BIDU	566,162	$66.8 million	0.93%	+232,430
Analog Devices Inc. ADI	171,529	$66.7 million	0.93%	+20,502
Lockheed Martin Corp. LMT	127,595	$66.6 million	0.93%	+36,917
STMicroelectronics N.V. STM	940,246	$66.5 million	0.93%	-658,313
Quantum Computing Inc. QUBT	7,033,410	$66.3 million	0.92%	+2,538,327
Synopsys Inc. SNPS	145,173	$66.0 million	0.92%	+56,161
Cadence Design Systems Inc. CDNS	173,808	$65.7 million	0.91%	+48,461
NXP Semiconductors N.V. NXPI	232,976	$65.0 million	0.91%	+50,675
Hewlett Packard Enterprise Co. HPE	1,467,430	$64.5 million	0.90%	-202,584
Rigetti Computing Inc. RGTI	3,447,966	$64.4 million	0.90%	-1,202,219
Microsoft Corp. MSFT	167,502	$64.4 million	0.90%	+79,610
Northrop Grumman Corp. NOC	123,249	$64.1 million	0.89%	+47,049
Elastic N V ESTC	1,094,323	$64.0 million	0.89%	+560,861
Infleqtion Inc. INFQ	4,937,608	$63.8 million	0.89%	new
Cirrus Logic, Inc. CRUS	421,317	$61.7 million	0.86%	+88,424
Ionq Inc. Com IONQ	1,197,663	$61.6 million	0.86%	-8,504,639
Coreweave Inc. CRWV	697,210	$59.7 million	0.83%	+219,026
Wipro Limited WIT	31,672,949	$59.2 million	0.82%	+17,114,380
Maxlinear, Inc. MXL	511,031	$57.4 million	0.80%	-13,571
ON Semiconductor Corp. ON	605,309	$57.3 million	0.80%	-159,606
Rocket Lab Corp. RKLB	570,469	$57.1 million	0.79%	-5,055,612
Alibaba Group Holding Limited BABA	576,467	$56.5 million	0.79%	+311,566
Space Exploration Techn Corp. Class A Com STK SPCX	328,595	$51.8 million	0.72%	new
Bloom Energy Corp. BE	166,047	$48.1 million	0.67%	+109,071
Invesco QQQ Trust QQQ	62,780	$45.5 million	0.63%	+2,950
Ast Spacemobile Inc. ASTS	471,577	$40.6 million	0.57%	+96,917
Apple Inc. AAPL	134,229	$39.5 million	0.55%	-3,238
Honeywell Aerospace Inc. Com HONA	163,452	$37.2 million	0.52%	new
Honeywell International Inc. HON	162,816	$36.1 million	0.50%	new
Cameco Corp. CCJ	344,098	$33.5 million	0.47%	+233,938
Constellation Energy Corp. CEG	129,269	$30.6 million	0.43%	+93,117
Redwire Corporation RDW	1,922,416	$23.0 million	0.32%	+561,975
Datadog, Inc. DDOG	82,187	$21.7 million	0.30%	-2,138
Credo Technology Group Holdi CRDO	83,373	$21.6 million	0.30%	-4,192
Planet Labs PBC PL	642,298	$20.3 million	0.28%	-543,688
Ceva Inc. CEVA	433,181	$19.7 million	0.27%	-11,502
Arista Networks, Inc. ANET	116,278	$19.4 million	0.27%	-2,054
Extreme Networks Inc. EXTR	594,878	$18.7 million	0.26%	-15,795
DigitalOcean Holdings, Inc. DOCN	129,214	$18.7 million	0.26%	-2,012
Mastec Inc. MTZ	47,455	$18.5 million	0.26%	+28,896
Dominion Energy, Inc. D	266,498	$18.1 million	0.25%	+185,488
Xcel Energy Inc. XEL	225,867	$18.0 million	0.25%	+163,439
nVent Electric plc NVT	112,331	$18.0 million	0.25%	+75,459
Unusual Machs Inc. UMAC	761,161	$17.7 million	0.25%	+294,061
Hubbell Inc. HUBB	35,991	$17.6 million	0.25%	+23,931
Vistra Corp. VST	113,688	$17.4 million	0.24%	-5,461
EchoStar Corp. ECHO	168,765	$17.0 million	0.24%	-4,477
Sterling Infrastructure, Inc. STRL	20,947	$16.3 million	0.23%	+12,908
Equinix Inc. EQIX	15,651	$15.9 million	0.22%	+2,601
Viasat Inc. VSAT	190,347	$15.8 million	0.22%	-5,052
A10 Networks, Inc. ATEN	412,194	$15.7 million	0.22%	-10,944
Iridium Communications Inc. IRDM	277,161	$15.4 million	0.21%	+21,986
Intuitive Machines Inc. LUNR	750,770	$15.2 million	0.21%	-1,334,474
NetApp, Inc. NTAP	96,587	$15.1 million	0.21%	-2,446
Macom Technology Solutions Holdings, Inc. MTSI	41,020	$14.4 million	0.20%	-944
Ciena Corp. CIEN	30,940	$14.3 million	0.20%	-711
Digital Realty Trust, Inc. DLR	80,171	$14.1 million	0.20%	+12,210
Public Service Enterprise Group Inc. PEG	175,429	$14.1 million	0.20%	+125,453
Viavi Solutions Inc. VIAV	296,721	$14.0 million	0.19%	-3,382
Celestica Inc. CLS	38,358	$13.9 million	0.19%	-1,016
F5, Inc. FFIV	31,679	$13.4 million	0.19%	-837
Lumentum Holdings Inc. LITE	15,769	$12.6 million	0.18%	-475
Keysight Technologies, Inc. KEYS	37,285	$12.5 million	0.17%	-873
BWX Technologies, Inc. BWXT	65,246	$12.5 million	0.17%	+43,959
Generac Holdings Inc. GNRC	45,816	$12.4 million	0.17%	+29,776
Netscout Systems Inc. NTCT	285,635	$12.3 million	0.17%	-7,583
Pg&E Corp. PCG	689,067	$11.4 million	0.16%	+501,345
Globalstar Inc. Com New GSAT	138,872	$11.2 million	0.16%	-3,688
Dynatrace, Inc. DT	241,576	$11.0 million	0.15%	-6,414
Skyworks Solutions, Inc. SWKS	160,770	$10.6 million	0.15%	-4,266
Radware Ltd RDWR	343,965	$10.6 million	0.15%	-9,133
Qorvo, Inc. QRVO	112,836	$10.3 million	0.14%	-2,996
Ondas Hldgs Inc. ONDS	1,284,991	$10.2 million	0.14%	-9,063,375
Telefonaktiebolaget LM Ericsson ERIC	914,801	$9.9 million	0.14%	-24,291
Akamai Technologies Inc. AKAM	87,536	$9.9 million	0.14%	-2,212
American Tower Corp. AMT	59,149	$9.8 million	0.14%	-1,233
Verizon Communications Inc. VZ	223,626	$9.4 million	0.13%	-2,607
T-Mobile US, Inc. TMUS	51,307	$8.9 million	0.12%	-725
Dycom Industries Inc. DY	18,802	$8.8 million	0.12%	+11,598
Argan Inc. AGX	11,398	$8.7 million	0.12%	+6,569
AT&T Inc. T	414,177	$8.5 million	0.12%	-5,347
Valmont Industries Inc. VMI	14,886	$8.3 million	0.12%	+8,667
Kyndryl Holdings, Inc. KD	685,858	$8.2 million	0.11%	-18,211
C3 Ai Inc. AI	825,640	$7.8 million	0.11%	+320,664
Firefly Aerospace Inc. FLY	273,118	$7.7 million	0.11%	-7,252
Red Cat Hldgs Inc. RCAT	712,621	$7.5 million	0.10%	-1,239,001
Oklo Inc. OKLO	139,574	$7.3 million	0.10%	-3,503,470
N-able, Inc. NABL	1,788,462	$7.0 million	0.10%	-47,496
Evergy, Inc. EVRG	79,746	$6.9 million	0.10%	+57,354
EnerSys ENS	31,163	$6.9 million	0.10%	+18,500
InterDigital, Inc. IDCC	24,262	$6.8 million	0.10%	-644
Amdocs Ltd DOX	132,833	$6.8 million	0.09%	-3,527
Nexgen Energy Ltd NXE	703,831	$6.7 million	0.09%	+486,416
Fuelcell Energy Inc. Com New FCEL	206,279	$6.6 million	0.09%	+54,802
Archer Aviation Inc. ACHR	1,329,671	$6.5 million	0.09%	+512,329
Calix, Inc. CALX	170,796	$6.3 million	0.09%	-4,533
Commscope Hldg Co. Inc. VISN	491,451	$6.1 million	0.08%	-13,049
Forgent Power Solutions Inc FPS	121,122	$6.0 million	0.08%	new
Voyager Technologies Inc. VOYG	178,272	$6.0 million	0.08%	-4,732
Kingsoft Cloud Hldgs Ltd KC	641,893	$5.9 million	0.08%	-17,045
Talen Energy Corp. TLN	14,845	$5.4 million	0.07%	+10,726
Nuscale PWR Corp. SMR	511,115	$5.2 million	0.07%	+385,454
Uranium Energy Corp. UEC	488,116	$5.1 million	0.07%	new
AeroVironment Inc. AVAV	28,666	$4.9 million	0.07%	+11,129
MYR Group Inc. MYRG	10,650	$4.9 million	0.07%	+5,206
Energy Fuels Inc. UUUU	341,684	$4.9 million	0.07%	+235,140
Blacksky Technology Inc. BKSY	167,691	$4.8 million	0.07%	+65,127
Itron, Inc. ITRI	54,817	$4.6 million	0.06%	+36,454
Frequency Electrs Inc. FEIM	69,795	$4.6 million	0.06%	+27,102
Centrus Energy Corp. LEU	27,158	$4.5 million	0.06%	+19,451
Whitefiber Inc. WYFI	126,259	$4.4 million	0.06%	+68,128
Denison Mines Corp. DNN	1,413,934	$4.4 million	0.06%	+994,471
Eli Lilly & Co. LLY	3,554	$4.2 million	0.06%	-113,289
American Superconductor Corp. AMSC	99,395	$4.0 million	0.06%	+57,168
Joby Aviation Inc. JOBY	446,765	$3.9 million	0.05%	+170,830
AES Corp. AES	262,292	$3.8 million	0.05%	+190,362
Atkore Inc. ATKR	51,660	$3.7 million	0.05%	+29,166
JPMorgan Chase & Co. JPM	11,156	$3.7 million	0.05%	+2,636
Shoals Technologies Group in SHLS	358,402	$3.6 million	0.05%	+171,563
Eos Energy Enterprises Inc. EOSE	637,143	$3.5 million	0.05%	+408,437
Pinnacle West Capital Corp. PNW	33,246	$3.5 million	0.05%	+24,619
Cipher Mining Inc. CIFR	154,095	$3.5 million	0.05%	+80,788
X Energy Inc. XE	183,203	$3.4 million	0.05%	new
Terawulf Inc. WULF	140,978	$3.3 million	0.05%	+56,085
Preformed Line Prods Co. PLPC	8,025	$3.2 million	0.04%	+3,993
Mara Holdings, Inc. MARA	235,224	$3.1 million	0.04%	+116,189
Gilat Satellite Networks Ltd GILT	235,412	$3.1 million	0.04%	-6,251
Fluence Energy Inc. FLNC	168,716	$3.1 million	0.04%	+95,108
Hut 8 Corp. HUT	28,985	$3.1 million	0.04%	+8,816
Riot Platforms Inc. RIOT	127,696	$3.1 million	0.04%	-2,578,090
Energy Vault Holdings Inc. NRGV	684,159	$3.1 million	0.04%	+355,326
Keel Infrastructure Corp. Com SHS KEEL	563,097	$3.0 million	0.04%	new
Bit Digital Inc. BTBT	1,700,123	$3.0 million	0.04%	+1,087,029
Applied Digital Corp. APLD	84,582	$3.0 million	0.04%	+38,676
Iris Energy Ltd IREN	69,312	$3.0 million	0.04%	-12,601,716
Nano Nuclear Energy Inc. NNE	144,289	$3.0 million	0.04%	+95,305
Digitalbridge Group Inc. DBRG	186,904	$2.9 million	0.04%	+120,956
21VIANET Group Inc. VNET	331,340	$2.9 million	0.04%	+240,524
Berkshire Hathaway Inc. Class B BRKB	5,788	$2.9 million	0.04%	+1,186
Spire Global Inc. SPIR	156,405	$2.9 million	0.04%	+60,741
Hive Digital Technologies LT HIVE	828,689	$2.9 million	0.04%	+357,133
Encore Energy Corp. EU	2,105,572	$2.9 million	0.04%	new
Rambus Inc. RMBS	22,782	$2.8 million	0.04%	+11,343
Bitdeer Technologies Group BTDR	182,475	$2.8 million	0.04%	+54,211
GDS Hldgs Ltd GDS	88,622	$2.8 million	0.04%	+64,470
Core Scientific Inc. New CORZ	115,882	$2.7 million	0.04%	+54,448
Cleanspark Inc. CLSK	197,971	$2.7 million	0.04%	+94,703
Power Solutions PSIX	72,881	$2.7 million	0.04%	+52,013
Net Power Inc. NPWR	1,555,837	$2.6 million	0.04%	+1,022,584
Johnson & Johnson JNJ	10,189	$2.6 million	0.04%	+2,081
Ur-Energy Inc. URG	1,911,854	$2.6 million	0.04%	new
Mercury Systems Inc. MRCY	19,757	$2.4 million	0.03%	+7,668
Visa Inc. V	6,891	$2.4 million	0.03%	+1,559
Kratos Defense & Security Solutions, Inc. KTOS	40,737	$2.2 million	0.03%	+12,705
Txnm Energy Inc. TXNM	37,966	$2.2 million	0.03%	+27,408
Airo Group Hldgs Inc. AIRO	272,264	$2.1 million	0.03%	+105,739
Walmart Inc. WMT	18,475	$2.0 million	0.03%	+3,788
Portland General Electric Co. POR	38,506	$2.0 million	0.03%	+25,751
Science Applications International Corp. SAIC	18,358	$1.9 million	0.03%	+7,130
AbbVie Inc. ABBV	7,506	$1.9 million	0.03%	+1,544
Caterpillar Inc. CAT	1,879	$1.9 million	0.03%	+293
Parsons Corp. PSN	33,939	$1.8 million	0.03%	+13,176
Bank of America Corp. BAC	29,587	$1.7 million	0.02%	+5,266
Costco Wholesale Corp. COST	1,848	$1.7 million	0.02%	+351
Mastercard Inc. MA	3,175	$1.7 million	0.02%	+587
General Electric Co. GE	4,380	$1.6 million	0.02%	+828
UnitedHealth Group Inc. UNH	3,760	$1.6 million	0.02%	+711
Telos Corp. MD TLS	320,969	$1.6 million	0.02%	+124,655
Vertical Aerospace Ltd EVTL	804,644	$1.5 million	0.02%	+306,115
Coca-Cola Co. KO	17,867	$1.5 million	0.02%	+3,462
Home Depot, Inc. HD	4,121	$1.4 million	0.02%	+760
Procter & Gamble Co. PG	9,736	$1.4 million	0.02%	+1,873
Sandisk Corp. SNDK	706	$1.4 million	0.02%	-114
Solv Energy Inc. MWH	44,741	$1.4 million	0.02%	new
Chevron Corp. CVX	8,257	$1.4 million	0.02%	+1,539
Netflix Inc. NFLX	17,734	$1.3 million	0.02%	+3,533
Merck & Co., Inc. MRK	10,312	$1.3 million	0.02%	+2,031
General Dynamics Corp. GD	3,468	$1.3 million	0.02%	+1,190
Caci International Inc. CACI	2,677	$1.2 million	0.02%	+1,032
Goldman Sachs Group Inc. GS	1,208	$1.2 million	0.02%	+197
Palo Alto Networks Inc. PANW	3,406	$1.2 million	0.02%	+740
Philip Morris International Inc. PM	6,488	$1.2 million	0.02%	+1,308
Western Digital Corp. WDC	1,879	$1.1 million	0.02%	-157
Wells Fargo & Company WFC	12,733	$1.1 million	0.02%	+2,286
Morgan Stanley MS	4,891	$1.0 million	0.01%	+816
Linde plc LIN	1,910	$1.0 million	0.01%	+366
Citigroup Inc. C	7,006	$981,751	0.01%	+1,061
American Express Co. AXP	2,793	$969,311	0.01%	+480
L3Harris Technologies, Inc. LHX	3,280	$958,514	0.01%	+1,087
Swarmer Inc. SWMR	22,993	$947,771	0.01%	+8,929
Amphenol Corp. APH	5,155	$887,794	0.01%	+1,101
Seagate Technology Holdings plc STX	933	$853,872	0.01%	+232
Amgen Inc. AMGN	2,282	$824,555	0.01%	+494
PepsiCo Inc. PEP	5,762	$813,364	0.01%	+1,229
McDonald's Corp. MCD	2,939	$791,855	0.01%	+568
Dell Technologies Inc. DELL	1,845	$784,587	0.01%	new
Leidos Holdings, Inc. LDOS	7,581	$781,374	0.01%	+2,803
Thermo Fisher Scientific Inc. TMO	1,488	$763,835	0.01%	+240
NextEra Energy Inc. NEE	8,691	$750,642	0.01%	+1,791
CrowdStrike Holdings, Inc. CRWD	3,828	$739,512	0.01%	+3,015
Boeing Co. BA	3,255	$711,478	0.01%	+724
Corning Inc. GLW	3,140	$692,778	0.01%	+528
Elbit Sys Ltd ESLT	901	$684,742	0.01%	+344
TJX Companies Inc. TJX	4,518	$683,799	0.01%	+817
Welltower Inc. WELL	2,961	$681,592	0.01%	+678
Walt Disney Co. DIS	7,111	$680,594	0.01%	+1,200
Union Pacific Corp. UNP	2,356	$654,332	0.01%	+384
Charles Schwab Corp. SCHW	6,725	$644,120	0.01%	+1,152
Abbott Laboratories ABT	6,955	$641,112	0.01%	+1,200
Gilead Sciences, Inc. GILD	5,089	$641,062	0.01%	+944
AppLovin Corp. APP	1,085	$612,602	0.01%	+350
Deere & Co. DE	976	$612,567	0.01%	+119
Booking Holdings Inc. BKNG	3,199	$584,265	0.01%	+3,084
Intuitive Surgical Inc. ISRG	1,428	$574,599	0.01%	+263
Pfizer Inc. PFE	23,994	$572,977	0.01%	+5,150
BlackRock, Inc. BLK	576	$564,699	0.01%	+82
Chubb Ltd. CB	1,544	$543,071	0.01%	+240
CVS Health Corp. CVS	5,142	$538,933	0.01%	+949
Salesforce, Inc. CRM	3,273	$534,252	0.01%	-159,039
Progressive Corp. PGR	2,328	$524,266	0.01%	+384
Capital One Financial Corp. COF	2,518	$515,737	0.01%	+432
Prologis, Inc. PLD	3,700	$506,160	0.01%	+624
ConocoPhillips COP	4,881	$503,817	0.01%	+739
Vertex Pharmaceuticals Inc. VRTX	1,000	$498,010	0.01%	+160
Danaher Corp. DHR	2,569	$497,667	0.01%	+432
S&P Global Inc. SPGI	1,199	$497,549	0.01%	+192
Lowe's Companies Inc. LOW	2,242	$497,545	0.01%	+384
Bristol-Myers Squibb Co. BMY	8,698	$485,436	0.01%	+1,972
Altria Group, Inc. MO	6,713	$480,248	0.01%	+1,152
Starbucks Corp. SBUX	4,589	$474,457	0.01%	+839
Parker-Hannifin Corp. PH	477	$459,737	0.01%	+48
Stryker Corp. SYK	1,430	$448,148	0.01%	+240
Southern Co. SO	4,666	$443,830	0.01%	+1,006
ServiceNow, Inc. NOW	4,177	$441,927	0.01%	+720
Uber Technologies, Inc. UBER	6,045	$439,230	0.01%	-617
Trane Technologies plc TT	872	$422,554	0.01%	+144
Newmont Corp. NEM	4,504	$420,223	0.01%	+824
Howmet Aerospace Inc. HWM	1,568	$419,299	0.01%	+240
Bank of New York Mellon Corp. BNY	2,796	$408,272	0.01%	+480
Medtronic plc MDT	5,118	$405,346	0.01%	+864
Automatic Data Processing Inc. ADP	1,652	$389,426	0.01%	+302
Duke Energy Corp. DUK	3,095	$389,258	0.01%	+528
PNC Financial Services Group, Inc. PNC	1,543	$388,250	0.01%	+240
Cummins Inc. CMI	562	$383,464	0.01%	+96
U.S. Bancorp USB	6,184	$383,161	0.01%	+1,056
Elevance Health, Inc. ELV	881	$366,663	0.01%	+144
CSX Corp. CSX	7,502	$362,572	0.01%	+1,368
Williams Companies, Inc. WMB	4,926	$358,465	0.00%	+888
Waste Management Inc. WM	1,583	$354,719	0.00%	+240
Adobe Inc. ADBE	1,675	$353,392	0.00%	+288

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 31 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
United STS Oil FD LP USO	Calls	1,080,000	$115.0 million
SPDR Gold Trust GLD	Calls	136,400	$50.2 million
Microstrategy Inc. MSTR	Calls	200,000	$17.4 million
Bitmine Immersion Tecnologie BMNR	Calls	161,100	$2.1 million

4 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.