1y return+11.6%S&P 500 +20.9%
3y return+34.3%S&P 500 +68.5%
5y return+27.9%S&P 500 +74.5%
10y return+113.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $214 against $357 in the S&P 500.2
Trust CoS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SHVIshares Trust Ishares 0-1 Year Treasury Bond Etf | $89.0M | 8.0% | +2.0% |
| BNDVanguard Total Bond Market Etf | $72.0M | 6.5% | +1.6% |
| VUGVanguard Growth Etf | $69.0M | 6.2% | −2.0% |
| VTVVanguard Value Etf | $68.6M | 6.2% | −1.6% |
| AGGIshares Core U.s. Aggregate Bond Etf | $66.8M | 6.0% | +1.5% |
| FNDFSchwab Fundamental International Equity Etf | $58.8M | 5.3% | −2.1% |
| EDIVState Street Spdr S&p Emerging Markets Dividend Etf | $57.4M | 5.2% | |
| VEAVanguard Ftse Developed Markets Etf | $56.7M | 5.1% | |
| VOEVanguard Mid-cap Value Etf | $51.5M | 4.6% | |
| IWBIshares Russell 1000 Etf | $49.8M | 4.5% | |
| VOTVanguard Mid-cap Growth Etf | $48.5M | 4.4% | |
| JGROJpmorgan Active Growth Etf | $41.4M | 3.7% | |
| MUBIshares National Muni Bond Etf | $34.2M | 3.1% | |
| JMSTJpmorgan Ultra-short Municipal Income Etf | $27.1M | 2.4% | +2.3% |
| HYGIshares Iboxx $ High Yield Corporate Bond Etf | $23.2M | 2.1% | +1.5% |
| VWOBVanguard Emerging Markets Government Bond Etf | $18.9M | 1.7% | |
| ACWXIshares Msci Acwi Ex U.s. Etf | $12.1M | 1.1% | −2.6% |
| XLKState Street Technology Select Sector Spdr Etf | $11.6M | 1.0% | −3.4% |
| IBTIIshares Ibonds Dec 2028 Term Treasury Etf | $11.3M | 1.0% | |
| BNDXVanguard Total International Bond Etf | $10.5M | 0.9% | +2.2% |
| VTIVanguard Total Stock Market Etf | $10.1M | 0.9% | +1.5% |
| VTIPVanguard Short-term Inflation-protected Securities Etf | $10.0M | 0.9% | |
| IBTKIshares Ibonds Dec 2030 Term Treasury Etf | $9.6M | 0.9% | |
| AAPLApple Inc Com | $8.3M | 0.8% | −50.3% |
| IVVIshares Core S&p 500 Etf | $6.8M | 0.6% | −2.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc Cap Stk Cl A | June 30, 2020 | +404.0% | $3.1M |
| XLKState Street Technology Select Sector Spdr Etf | June 30, 2020 | +264.7% | $11.6M |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $8.3M |
| QQQInvesco Qqq Trust Series I | June 30, 2020 | +197.4% | $5.6M |
| BRK/BBerkshire Hathaway Inc Del Cl B New | June 30, 2020 | +180.3% | $4.0M |
| VUGVanguard Growth Etf | June 30, 2020 | +155.7% | $69.0M |
| SPYState Street Spdr S&p 500 Etf | June 30, 2020 | +142.2% | $6.2M |
| IVVIshares Core S&p 500 Etf | June 30, 2020 | +141.8% | $6.8M |
| VTIVanguard Total Stock Market Etf | June 30, 2020 | +136.4% | $10.1M |
| XLFState Street Financial Select Sector Spdr Etf | June 30, 2020 | +131.6% | $3.7M |
Sold off last quarter
- Exxon Mobil Corp ComCUSIP 30231G102 was $2.4M
- AXPAmerican Express Co Com was $728K
- Honeywell Intl Inc ComCUSIP 438516106 was $408K
- AMPAmeriprise Finl Inc Com was $214K
- SCIService Corp Intl Com was $214K
- CARRCarrier Global Corporation Com was $183K
- WECWec Energy Group Inc Com was $160K
- OTISOtis Worldwide Corp Com was $125K
- CMSCms Energy Corp Com was $96K
- ICFIshares Select U.s. Reit Etf was $91K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.3% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | +1.0% | +2.4% |
| September 30, 2025 | +4.3% | +7.8% |
| June 30, 2025 | +6.1% | +10.5% |
| March 31, 2025 | +0.1% | −4.6% |
| December 31, 2024 | −2.2% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +0.5% | +4.0% |
| March 31, 2024 | +4.3% | +10.0% |
| December 31, 2023 | +8.3% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +3.8% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +9.1% | +7.1% |
| September 30, 2022 | −6.9% | −5.3% |
| June 30, 2022 | −14.6% | −16.5% |
| March 31, 2022 | −4.1% | −4.9% |
| December 31, 2021 | +6.6% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Trust Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1632554&type=13F-HR&dateb=&owner=include&count=40CIK 1632554
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1632554/000163255426000007/Filed July 10, 2026 · accession 0001632554-26-000007