Calton & Associates
Tampa, FLfiles as CALTON & ASSOCIATES, INC.
$683m in 418 US stocks at the end of 30 June 2026. The top 10 are 28.4% of the money. It changed about 15.2% of the portfolio this quarter.
Value
$683m
Stocks
418
Top 10 share
28.4%
Turnover
15.2%
What changed this quarter
New
Bought for the first time this quarter.
- Marathon PetroleumMPC0.4% of the fund
- Consolidated EdisonED0.1% of the fund
- Vanguard Index FDSVXF0.1% of the fund
- Ishares TRIWS0.1% of the fund
- Atmos EnergyATO0.1% of the fund
- Ishares TRIUSV0.1% of the fund
- Invesco Exchange Traded FD TPPA0.1% of the fund
- Schwab Strategic TRSCHD0.1% of the fund
- Pacer FDS TRCOWG0.1% of the fund
- Ishares TRIVLU0.1% of the fund
- Xcel EnergyXEL0.1% of the fund
- Ishares TRIJS<0.1% of the fund
- Spdr Series TrustXHB<0.1% of the fund
- Spdr Series TrustDGT<0.1% of the fund
- Invesco Exchange Traded FD TXSMO<0.1% of the fund
- J P Morgan Exchange Traded FJEPQ<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Ishares TRSGOV<0.1% of the fund
- Everus Construction GroupECG<0.1% of the fund
- Coinbase GlobalCOIN<0.1% of the fund
- Valero EnergyVLO<0.1% of the fund
- Invesco Exchange Traded FD TXMMO<0.1% of the fund
- Royal Caribbean CruisesRCL<0.1% of the fund
- Pacer FDS TRPSFJ<0.1% of the fund
- HersheyHSY<0.1% of the fund
Added
Bought more of a stock they already held.
- Invesco Actively Managed EXCVRIG1.8% of the fund+4%
- Spdr Series TrustBIL1.7% of the fund+5%
- Invesco Exch Traded FD TR IIQQQM1.5% of the fund+2%
- Pacer FDS TRCOWZ1.1% of the fund+6%
- Vaneck ETF TrustSMH1.0% of the fund+15%
- Vanguard World FDMGV0.9% of the fund+5%
- Ishares TRDGRO0.7% of the fund+4%
- J P Morgan Exchange Traded FJEPI0.7% of the fund+8%
- Vanguard Scottsdale FDSVCSH0.7% of the fund+33%
- Capital Group Dividend ValueCGDV0.6% of the fund+34%
- Ishares TRLQD0.5% of the fund+4%
- Eli LillyLLY0.5% of the fund+12%
- Select Sector Spdr TRXLF0.4% of the fund+11%
- Northern LTS FD TR IIPRMR0.4% of the fund+23%
- Ishares TRGOVT0.4% of the fund+6%
- Ishares TRGARP0.4% of the fund+19%
- Invesco Exchange Traded FD TXLG0.4% of the fund+4%
- WalmartWMT0.4% of the fund+25%
- Lumentum HoldingsLITE0.3% of the fund+346%
- CaterpillarCAT0.3% of the fund+8%
- Schwab Strategic TRFNDF0.3% of the fund+32%
- Vanguard Wellington FDVFMF0.3% of the fund+57%
- Capital Group GBL Growth EQTCGGO0.3% of the fund+8%
- Select Sector Spdr TRXLI0.3% of the fund+5%
- Select Sector Spdr TRXLE0.3% of the fund+31%
Cut
Sold some of their stake.
- Northern LTS FD TR IIPSTR3.8% of the fund-17%
- State STR Spdr S&P 500 ETF TSPY3.2% of the fund-6%
- Fidelity Covington TrustFDVV2.6% of the fund-3%
- AppleAAPL2.2% of the fund-20%
- Wisdomtree TRUSFR1.7% of the fund-14%
- NvidiaNVDA1.5% of the fund-13%
- Micron TechnologyMU1.4% of the fund-8%
- Select Sector Spdr TRXLK1.4% of the fund-27%
- Spdr Series TrustFLRN1.3% of the fund-13%
- Vanguard Index FDSVUG1.2% of the fund-31%
- Vanguard World FDVFH1.2% of the fund-30%
- First TR Exchange Traded FDRDVY1.1% of the fund-2%
- Vanguard World FDVHT1.0% of the fund-18%
- Vanguard World FDMGC1.0% of the fund-34%
- Vanguard Index FDSVOO1.0% of the fund-19%
- Spdr Series TrustBILS0.9% of the fund-23%
- MicrosoftMSFT0.8% of the fund-7%
- Ishares TRIWM0.8% of the fund-11%
- Vanguard Tax-Managed FDSVEA0.7% of the fund-14%
- First TR Exchange-Traded FDFTSM0.7% of the fund-2%
- Ishares TRACWI0.6% of the fund-2%
- Spdr Series TrustSPYD0.6% of the fund-34%
- Spdr Series TrustSLYV0.6% of the fund-32%
- Amazon.comAMZN0.5% of the fund-9%
- Berkshire HathawayBRK-B0.5% of the fund-26%
Sold out
Sold their entire stake.
- Pacer FDS TRPTLC-100%
- Janus Detroit STR TRJAAA-100%
- Invesco Exch Traded FD TR IISPMO-100%
- Ishares TRIWF-100%
- Vanguard BD Index FDSBIV-100%
- Ishares TRIQLT-100%
- InvenTrust PropertiesIVT-100%
- Ishares TRKXI-100%
- Old Dominion Freight LineODFL-100%
- LazardLAZ-100%
- Ishares TRSHY-100%
- Vanguard Index FDSVNQ-100%
- Franklin Templeton ETF TRINCM-100%
- Ishares TRIJT-100%
- Community Trust BancorpCTBI-100%
- Ishares TRTLT-100%
- Pgim ETF TRPAAA-100%
- ComcastCMCSA-100%
- Advisors Inner Circle FD IIISAMT-100%
- Putnam ETF TrustPVAL-100%
- Fidelity Comwlth TRONEQ-100%
- Ishares TRICVT-100%
- IsharesEWZ-100%
- Invesco Exch Traded FD TR IIPGX-100%
- Invesco Trust for Investment Grade MunicipalsVGM-100%
Holdings
- Invesco QQQ TRQQQ
- Share
- 6.1%
- Value
- $41m
- Shares
- 56,351
Held
- Northern LTS FD TR IIPSTR
- Share
- 3.8%
- Value
- $26m
- Shares
- 859,824
-17%
- Spdr Series TrustSPYM
- Share
- 3.4%
- Value
- $23m
- Shares
- 265,895
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 3.2%
- Value
- $22m
- Shares
- 29,442
-6%
- Fidelity Covington TrustFDVV
- Share
- 2.6%
- Value
- $18m
- Shares
- 294,506
-3%
- Invesco Actively Managed EXCVRIG
- Share
- 1.8%
- Value
- $12m
- Shares
- 489,131
+4%
- Schwab Strategic TRSCHG
- Share
- 1.8%
- Value
- $12m
- Shares
- 359,676
Held
- DBX ETF TRDBEF
- Share
- 1.8%
- Value
- $12m
- Shares
- 219,312
Held
- Spdr Series TrustBIL
- Share
- 1.7%
- Value
- $12m
- Shares
- 129,441
+5%
- Wisdomtree TRUSFR
- Share
- 1.7%
- Value
- $12m
- Shares
- 231,578
-14%
- Invesco Exch Traded FD TR IIQQQM
- Share
- 1.5%
- Value
- $10m
- Shares
- 34,292
+2%
- Select Sector Spdr TRXLK
- Share
- 1.4%
- Value
- $9m
- Shares
- 49,063
-27%
- Spdr Series TrustFLRN
- Share
- 1.3%
- Value
- $9m
- Shares
- 280,541
-13%
- Vanguard Index FDSVUG
- Share
- 1.2%
- Value
- $8m
- Shares
- 97,164
-31%
- Vanguard World FDVFH
- Share
- 1.2%
- Value
- $8m
- Shares
- 61,387
-30%
- Pacer FDS TRCOWZ
- Share
- 1.1%
- Value
- $7m
- Shares
- 118,523
+6%
- First TR Exchange Traded FDRDVY
- Share
- 1.1%
- Value
- $7m
- Shares
- 88,508
-2%
- Vanguard World FDVHT
- Share
- 1.0%
- Value
- $7m
- Shares
- 23,369
-18%
- Vanguard World FDMGC
- Share
- 1.0%
- Value
- $7m
- Shares
- 24,363
-34%
- Vanguard Index FDSVOO
- Share
- 1.0%
- Value
- $7m
- Shares
- 9,642
-19%
- Vaneck ETF TrustSMH
- Share
- 1.0%
- Value
- $7m
- Shares
- 10,052
+15%
- Spdr Series TrustBILS
- Share
- 0.9%
- Value
- $6m
- Shares
- 64,106
-23%
- Capital Group Growth ETFCGGR
- Share
- 0.9%
- Value
- $6m
- Shares
- 128,616
Held
- Vanguard World FDMGV
- Share
- 0.9%
- Value
- $6m
- Shares
- 36,079
+5%
- Ishares TRIWM
- Share
- 0.8%
- Value
- $5m
- Shares
- 17,123
-11%
- Ishares TRDGRO
- Share
- 0.7%
- Value
- $5m
- Shares
- 65,132
+4%
- J P Morgan Exchange Traded FJEPI
- Share
- 0.7%
- Value
- $5m
- Shares
- 82,507
+8%
- Vanguard Scottsdale FDSVCSH
- Share
- 0.7%
- Value
- $5m
- Shares
- 58,103
+33%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.7%
- Value
- $5m
- Shares
- 64,168
-14%
- First TR Exchange-Traded FDFTSM
- Share
- 0.7%
- Value
- $4m
- Shares
- 74,350
-2%
- Ishares TRACWI
- Share
- 0.6%
- Value
- $4m
- Shares
- 28,178
-2%
- Spdr Series TrustSPYD
- Share
- 0.6%
- Value
- $4m
- Shares
- 84,488
-34%
- Capital Group Dividend ValueCGDV
- Share
- 0.6%
- Value
- $4m
- Shares
- 80,494
+34%
- Spdr Series TrustSLYV
- Share
- 0.6%
- Value
- $4m
- Shares
- 35,035
-32%
- Ishares TRLQD
- Share
- 0.5%
- Value
- $4m
- Shares
- 32,190
+4%
- Pacer FDS TRGCOW
- Share
- 0.5%
- Value
- $3m
- Shares
- 74,063
-3%
- Ishares TRITOT
- Share
- 0.5%
- Value
- $3m
- Shares
- 19,051
-10%
- Vanguard BD Index FDSBSV
- Share
- 0.5%
- Value
- $3m
- Shares
- 39,548
-14%
- Select Sector Spdr TRXLF
- Share
- 0.4%
- Value
- $3m
- Shares
- 57,224
+11%
- Ishares TRITA
- Share
- 0.4%
- Value
- $3m
- Shares
- 12,634
-9%
- First TR Exchng Traded FD VIBUFR
- Share
- 0.4%
- Value
- $3m
- Shares
- 81,693
-11%
- Northern LTS FD TR IIPRMR
- Share
- 0.4%
- Value
- $3m
- Shares
- 103,870
+23%
- Ishares TRGOVT
- Share
- 0.4%
- Value
- $3m
- Shares
- 126,389
+6%
- Ishares TRGARP
- Share
- 0.4%
- Value
- $3m
- Shares
- 34,860
+19%
- Invesco Exchange Traded FD TXLG
- Share
- 0.4%
- Value
- $3m
- Shares
- 46,877
+4%
- Vanguard World FDVDC
- Share
- 0.4%
- Value
- $3m
- Shares
- 12,614
-39%
- First TR Exchange Traded FDSDVY
- Share
- 0.4%
- Value
- $3m
- Shares
- 65,600
-9%
- Ishares TRIVE
- Share
- 0.4%
- Value
- $3m
- Shares
- 12,444
-10%
- Ishares TRTIP
- Share
- 0.4%
- Value
- $3m
- Shares
- 25,274
-17%
- Vanguard World FDVIS
- Share
- 0.4%
- Value
- $3m
- Shares
- 7,384
-3%
- Ishares TREEM
- Share
- 0.4%
- Value
- $2m
- Shares
- 36,341
-4%
- Select Sector Spdr TRXLV
- Share
- 0.3%
- Value
- $2m
- Shares
- 14,920
-46%
- Spdr Gold TRGLD
- Share
- 0.3%
- Value
- $2m
- Shares
- 6,393
-37%
- Ishares TRIVW
- Share
- 0.3%
- Value
- $2m
- Shares
- 16,690
-41%
- Ssga Active ETF TRSRLN
- Share
- 0.3%
- Value
- $2m
- Shares
- 55,797
-43%
- Ishares TRUSMV
- Share
- 0.3%
- Value
- $2m
- Shares
- 22,090
-29%
- First TR Exchange Traded FDAIRR
- Share
- 0.3%
- Value
- $2m
- Shares
- 15,751
-15%
- First TR Exchange-Traded FDRDVI
- Share
- 0.3%
- Value
- $2m
- Shares
- 69,431
-32%
- Schwab Strategic TRFNDF
- Share
- 0.3%
- Value
- $2m
- Shares
- 38,309
+32%
- Vanguard Wellington FDVFMF
- Share
- 0.3%
- Value
- $2m
- Shares
- 11,419
+57%
- Invesco Exchange Traded FD TPDP
- Share
- 0.3%
- Value
- $2m
- Shares
- 13,077
-34%
- Capital Group GBL Growth EQTCGGO
- Share
- 0.3%
- Value
- $2m
- Shares
- 46,872
+8%
- First TR Exchange-Traded FDFPX
- Share
- 0.3%
- Value
- $2m
- Shares
- 9,456
-39%
- Select Sector Spdr TRXLI
- Share
- 0.3%
- Value
- $2m
- Shares
- 9,860
+5%
- Ishares TRSHV
- Share
- 0.3%
- Value
- $2m
- Shares
- 16,284
-49%
- Select Sector Spdr TRXLE
- Share
- 0.3%
- Value
- $2m
- Shares
- 33,786
+31%
- Dimensional ETF TrustDCOR
- Share
- 0.2%
- Value
- $2m
- Shares
- 19,992
+26%
- Dimensional ETF TrustDFAC
- Share
- 0.2%
- Value
- $2m
- Shares
- 36,896
+27%
- Capital GRP Fixed Incm ETF TCGMU
- Share
- 0.2%
- Value
- $2m
- Shares
- 56,145
+10%
- First TR Exchange-Traded FDFVD
- Share
- 0.2%
- Value
- $2m
- Shares
- 31,899
-29%
- Ishares TRPFF
- Share
- 0.2%
- Value
- $2m
- Shares
- 50,100
-12%
- Vaneck ETF TrustGDX
- Share
- 0.2%
- Value
- $2m
- Shares
- 20,056
-49%
- ETF SER SolutionsQTUM
- Share
- 0.2%
- Value
- $2m
- Shares
- 9,141
+120%
- Spdr Series TrustCWB
- Share
- 0.2%
- Value
- $2m
- Shares
- 13,918
-4%
- Fidelity Covington TrustFBCG
- Share
- 0.2%
- Value
- $1m
- Shares
- 23,889
+14%
- Spdr Series TrustSPYG
- Share
- 0.2%
- Value
- $1m
- Shares
- 11,966
-7%
- Vanguard Specialized FundsVIG
- Share
- 0.2%
- Value
- $1m
- Shares
- 5,667
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Invesco QQQ TRQQQ | 6.1% | $41m | 56,351 | Held |
| Northern LTS FD TR IIPSTR | 3.8% | $26m | 859,824 | -17% |
| Spdr Series TrustSPYM | 3.4% | $23m | 265,895 | Held |
| State STR Spdr S&P 500 ETF TSPY | 3.2% | $22m | 29,442 | -6% |
| Fidelity Covington TrustFDVV | 2.6% | $18m | 294,506 | -3% |
| AppleAAPL | 2.2% | $15m | 51,716 | -20% |
| Invesco Actively Managed EXCVRIG | 1.8% | $12m | 489,131 | +4% |
| Schwab Strategic TRSCHG | 1.8% | $12m | 359,676 | Held |
| DBX ETF TRDBEF | 1.8% | $12m | 219,312 | Held |
| Spdr Series TrustBIL | 1.7% | $12m | 129,441 | +5% |
| Wisdomtree TRUSFR | 1.7% | $12m | 231,578 | -14% |
| Invesco Exch Traded FD TR IIQQQM | 1.5% | $10m | 34,292 | +2% |
| NvidiaNVDA | 1.5% | $10m | 50,416 | -13% |
| Micron TechnologyMU | 1.4% | $10m | 8,464 | -8% |
| Select Sector Spdr TRXLK | 1.4% | $9m | 49,063 | -27% |
| Spdr Series TrustFLRN | 1.3% | $9m | 280,541 | -13% |
| Vanguard Index FDSVUG | 1.2% | $8m | 97,164 | -31% |
| Vanguard World FDVFH | 1.2% | $8m | 61,387 | -30% |
| Pacer FDS TRCOWZ | 1.1% | $7m | 118,523 | +6% |
| First TR Exchange Traded FDRDVY | 1.1% | $7m | 88,508 | -2% |
| Vanguard World FDVHT | 1.0% | $7m | 23,369 | -18% |
| Vanguard World FDMGC | 1.0% | $7m | 24,363 | -34% |
| Vanguard Index FDSVOO | 1.0% | $7m | 9,642 | -19% |
| Vaneck ETF TrustSMH | 1.0% | $7m | 10,052 | +15% |
| Spdr Series TrustBILS | 0.9% | $6m | 64,106 | -23% |
| Capital Group Growth ETFCGGR | 0.9% | $6m | 128,616 | Held |
| Vanguard World FDMGV | 0.9% | $6m | 36,079 | +5% |
| MicrosoftMSFT | 0.8% | $5m | 14,343 | -7% |
| Ishares TRIWM | 0.8% | $5m | 17,123 | -11% |
| Ishares TRDGRO | 0.7% | $5m | 65,132 | +4% |
| J P Morgan Exchange Traded FJEPI | 0.7% | $5m | 82,507 | +8% |
| Vanguard Scottsdale FDSVCSH | 0.7% | $5m | 58,103 | +33% |
| Vanguard Tax-Managed FDSVEA | 0.7% | $5m | 64,168 | -14% |
| First TR Exchange-Traded FDFTSM | 0.7% | $4m | 74,350 | -2% |
| Ishares TRACWI | 0.6% | $4m | 28,178 | -2% |
| Spdr Series TrustSPYD | 0.6% | $4m | 84,488 | -34% |
| Capital Group Dividend ValueCGDV | 0.6% | $4m | 80,494 | +34% |
| Spdr Series TrustSLYV | 0.6% | $4m | 35,035 | -32% |
| Ishares TRLQD | 0.5% | $4m | 32,190 | +4% |
| Amazon.comAMZN | 0.5% | $4m | 14,693 | -9% |
| Berkshire HathawayBRK-B | 0.5% | $3m | 6,861 | -26% |
| Eli LillyLLY | 0.5% | $3m | 2,827 | +12% |
| Pacer FDS TRGCOW | 0.5% | $3m | 74,063 | -3% |
| Ishares TRITOT | 0.5% | $3m | 19,051 | -10% |
| JPMorgan ChaseJPM | 0.5% | $3m | 9,436 | -19% |
| Vanguard BD Index FDSBSV | 0.5% | $3m | 39,548 | -14% |
| Select Sector Spdr TRXLF | 0.4% | $3m | 57,224 | +11% |
| Ishares TRITA | 0.4% | $3m | 12,634 | -9% |
| First TR Exchng Traded FD VIBUFR | 0.4% | $3m | 81,693 | -11% |
| Northern LTS FD TR IIPRMR | 0.4% | $3m | 103,870 | +23% |
| Ishares TRGOVT | 0.4% | $3m | 126,389 | +6% |
| Ishares TRGARP | 0.4% | $3m | 34,860 | +19% |
| Invesco Exchange Traded FD TXLG | 0.4% | $3m | 46,877 | +4% |
| Vanguard World FDVDC | 0.4% | $3m | 12,614 | -39% |
| First TR Exchange Traded FDSDVY | 0.4% | $3m | 65,600 | -9% |
| Ishares TRIVE | 0.4% | $3m | 12,444 | -10% |
| Ishares TRTIP | 0.4% | $3m | 25,274 | -17% |
| WalmartWMT | 0.4% | $3m | 24,377 | +25% |
| Vanguard World FDVIS | 0.4% | $3m | 7,384 | -3% |
| Marathon PetroleumMPC | 0.4% | $3m | 9,908 | New |
| AlphabetGOOG | 0.4% | $3m | 7,147 | -19% |
| Ishares TREEM | 0.4% | $2m | 36,341 | -4% |
| Select Sector Spdr TRXLV | 0.3% | $2m | 14,920 | -46% |
| Spdr Gold TRGLD | 0.3% | $2m | 6,393 | -37% |
| Ishares TRIVW | 0.3% | $2m | 16,690 | -41% |
| Ssga Active ETF TRSRLN | 0.3% | $2m | 55,797 | -43% |
| Lumentum HoldingsLITE | 0.3% | $2m | 2,505 | +346% |
| Ishares TRUSMV | 0.3% | $2m | 22,090 | -29% |
| Lockheed MartinLMT | 0.3% | $2m | 4,167 | -4% |
| First TR Exchange Traded FDAIRR | 0.3% | $2m | 15,751 | -15% |
| CaterpillarCAT | 0.3% | $2m | 1,969 | +8% |
| AlphabetGOOGL | 0.3% | $2m | 5,735 | -28% |
| Advanced Micro DevicesAMD | 0.3% | $2m | 3,522 | -24% |
| First TR Exchange-Traded FDRDVI | 0.3% | $2m | 69,431 | -32% |
| Schwab Strategic TRFNDF | 0.3% | $2m | 38,309 | +32% |
| Vanguard Wellington FDVFMF | 0.3% | $2m | 11,419 | +57% |
| Invesco Exchange Traded FD TPDP | 0.3% | $2m | 13,077 | -34% |
| Capital Group GBL Growth EQTCGGO | 0.3% | $2m | 46,872 | +8% |
| First TR Exchange-Traded FDFPX | 0.3% | $2m | 9,456 | -39% |
| TeslaTSLA | 0.3% | $2m | 4,605 | -21% |
| Applied MaterialsAMAT | 0.3% | $2m | 2,655 | -5% |
| ChevronCVX | 0.3% | $2m | 11,307 | -17% |
| Select Sector Spdr TRXLI | 0.3% | $2m | 9,860 | +5% |
| Ishares TRSHV | 0.3% | $2m | 16,284 | -49% |
| Select Sector Spdr TRXLE | 0.3% | $2m | 33,786 | +31% |
| American Electric PowerAEP | 0.2% | $2m | 12,252 | +193% |
| Dimensional ETF TrustDCOR | 0.2% | $2m | 19,992 | +26% |
| Dimensional ETF TrustDFAC | 0.2% | $2m | 36,896 | +27% |
| Johnson & JohnsonJNJ | 0.2% | $2m | 6,320 | -3% |
| Capital GRP Fixed Incm ETF TCGMU | 0.2% | $2m | 56,145 | +10% |
| First TR Exchange-Traded FDFVD | 0.2% | $2m | 31,899 | -29% |
| Ishares TRPFF | 0.2% | $2m | 50,100 | -12% |
| Vaneck ETF TrustGDX | 0.2% | $2m | 20,056 | -49% |
| ETF SER SolutionsQTUM | 0.2% | $2m | 9,141 | +120% |
| Spdr Series TrustCWB | 0.2% | $2m | 13,918 | -4% |
| Fidelity Covington TrustFBCG | 0.2% | $1m | 23,889 | +14% |
| ExxonMobil HoldingsXOM | 0.2% | $1m | 10,786 | -44% |
| Spdr Series TrustSPYG | 0.2% | $1m | 11,966 | -7% |
| AST SpaceMobileASTS | 0.2% | $1m | 15,809 | +9% |
| Vanguard Specialized FundsVIG | 0.2% | $1m | 5,667 | Held |
Showing the largest 100 of 418.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 18.0% since 30 June 2025.
Where the money is
Technology8.9%
Industrials2.4%
Financial services2.2%
Health care1.6%
Media & telecom1.6%
Energy1.4%
Utilities1.3%
Retail & consumer1.2%
Everyday goods1.1%
Materials0.2%
Real estate0.1%
Other78.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.