According to the SEC, LJI trimmed its VTWG stake by 34,737 shares in the third quarter. The trade, based on average pricing, totaled $7.7 million. They still hold 37,211 shares, which is like keeping a dog you’re not sure you love but won’t abandon. So it goes.
Consider the numbers, if you will: $123.06 per share, a 16% annual gain, yet still trailing the S&P 500’s 18.5% ascent. A curious paradox, much like the man who walks faster to arrive nowhere sooner. The ETF, which once occupied 1.4% of the firm’s assets like a favored chair by the fireplace, now occupies merely 0.4% – a space reduced as surely as winter reduces the garden.
This nascent alliance accounted for 2.51% of the firm’s 13F reportable assets under management and now ranks as the tenth diamond in their portfolio’s necklace. One might muse upon the peculiarities of their investment strategy, wherein the ten most prominent holdings resemble a carefully curated salon of financial gentility:
On October 20, 2025, in a filing with the Securities and Exchange Commission, XML Financial disclosed the complete sale of its 293,210-share stake in the Vanguard Total Bond Market ETF (BND). With the shares changing hands for approximately $21.59 million, this exit marks the end of XML’s bond market engagement through BND-an instrument that once represented a solid 1.87% of the firm’s total assets under management. Now, as the dust settles, XML reports no position in the ETF, a quiet yet impactful shift in their portfolio.
In a filing dated October 28, 2025, to the U.S. Securities and Exchange Commission, Koa Wealth Management, LLC solemnly announced the complete liquidation of its stake in Innovative Industrial Properties. The shares, once firmly held in the fund’s portfolio, were dispensed with in an action that bore the hallmarks of finality. At the close of Q3 2025, the fund held not a single share of the company. A stark zero. And with this, the name of Innovative Industrial Properties fades into the distant past of financial history, leaving no trace of its former 3.0% share in the fund’s Assets Under Management (AUM).
Transaction value is based on the SEC Form 4 price ($505.29 per share); post-transaction value? That’s the trade-date closing price doing some quick math behind the scenes.
The portfolio reveals familiar constellations: GEV, VRT, and RKT orbit closely, their gravitational pull steady. Yet Hut 8’s trajectory merits attention. Shares closed at $49.80 on October 27, having surged 189% year-over-year-a sprint outpacing the S&P 500 by two hundred whispered promises. The company’s balance sheet bears the peculiar arithmetic of the digital age: $162.38 million in revenue accompanied by a net income of $331.88 million, as if prosperity here is mined not from earth, but from the volatile strata of cryptocurrency itself.
Now, if you’re one of those folks looking for the straight story-no smoke, no mirrors-then let me put it in terms even the most bewildered investor can understand. These two ETFs cater to your desire for dividends, sure. But they go about it like a pair of drunks trying to solve a math problem-each with their own wild solution.
The filing, dated October 7, 2025, speaks in the cold arithmetic of SEC Form 13F. Vanguard Total Bond Market ETF swells to 416,423 shares under Carr’s stewardship, now valued at $30.97 million. Eight-point-five percent of assets under management-this is no mere investment. It is a confession. Bonds, those anemic promises of stability, now dominate their portfolio like a specter at the feast of capitalism. What madness drives them? Or is it sanity, this desperate clutching at fixed income in an age of algorithmic chaos?
According to a filing with the Securities and Exchange Commission, the firm offloaded its ServiceNow stake during Q3 2025. Post-sale, it retained 30,135 shares, valued at $27.7 million. The math here is as elegant as a tax return: the fund’s ServiceNow position now constitutes 1.5% of its 13F reportable assets, down from nearly 2%. A drop in the bucket, one might say, though not so small as to be entirely forgettable.