Dahring | Cusmano

NOVI, MIfiles as DAHRING | CUSMANO LLC

$190m in 62 US stocks at the end of 30 June 2026. The top 10 are 65.4% of the money. It changed about 4.5% of the portfolio this quarter.

Value

$190m

Stocks

Top 10 share

65.4%

Turnover

4.5%

What changed this quarter

New

Bought for the first time this quarter.

Ishares TRISCG
0.2% of the fund
Home DepotHD
0.1% of the fund
AlphabetGOOGL
0.1% of the fund
Ishares TRIWR
0.1% of the fund
Ishares TRIWD
0.1% of the fund

Added

Bought more of a stock they already held.

Pimco ETF TRPYLD
10.6% of the fund
+5%
Fidelity Covington TrustFFLC
9.5% of the fund
+3%
Fidelity Covington TrustFESM
8.1% of the fund
+4%
Vanguard Malvern FDSVGMS
6.1% of the fund
+17%
Schwab Strategic TRSCYB
5.3% of the fund
+11%
Fidelity Covington TrustFENI
5.0% of the fund
+5%
Capital Group Dividend ValueCGDV
4.6% of the fund
+11%
Fidelity Covington TrustFBCG
4.6% of the fund
+3%
Pimco Equity SERMFEM
3.3% of the fund
+9%
Fidelity Covington TrustFDVV
2.4% of the fund
+14%
Capital Group Core BalancedCGBL
1.9% of the fund
+9%
Schwab Strategic TRFNDF
1.5% of the fund
+10%
Vanguard Malvern FDSVPLS
1.4% of the fund
+48%
T Rowe Price Exchange-TradedTBUX
1.4% of the fund
+6%
Fidelity Covington TrustFFSM
1.4% of the fund
+21%
Vanguard World FDVHT
1.2% of the fund
+6%
Janus Detroit STR TRJAAA
1.0% of the fund
+13%
T Rowe Price Exchange-TradedTFNS
0.6% of the fund
+13%
Pimco ETF TRMINO
0.5% of the fund
+21%
Vanguard World FDVDE
0.4% of the fund
+13%
AppleAAPL
0.4% of the fund
+18%
T Rowe Price Exchange-TradedTFLR
0.4% of the fund
+13%
Eli LillyLLY
0.4% of the fund
+80%
Litman Gregory FDS TRDBMF
0.3% of the fund
+24%
Pimco ETF TRCMDT
0.3% of the fund
+26%

Cut

Sold some of their stake.

Invesco Exchange Traded FD TXMHQ
2.0% of the fund
-9%
Ishares Gold TRIAU
1.8% of the fund
-2%
Fidelity Merrimack STR TRFBND
1.5% of the fund
-22%
T Rowe Price Exchange-TradedTMSL
1.0% of the fund
-3%
Spdr Series TrustSPYG
0.5% of the fund
-7%
T Rowe Price Exchange-TradedTCAF
0.4% of the fund
-4%
MicrosoftMSFT
0.4% of the fund
-5%
Fidelity Covington TrustFDEM
0.3% of the fund
-3%
Vanguard World FDMGK
0.2% of the fund
-7%
Amazon.comAMZN
0.2% of the fund
-4%
Invesco QQQ TRQQQ
0.2% of the fund
-4%
Ishares TRHYDB
0.1% of the fund
-69%
ExxonMobil HoldingsXOM
0.1% of the fund
-3%

Sold out

Sold their entire stake.

Palantir TechnologiesPLTR
-100%

Holdings

Pimco ETF TRPYLD
Share
10.6%
Value
$20m
Shares
755,064
+5%
Fidelity Covington TrustFFLC
Share
9.5%
Value
$18m
Shares
305,028
+3%
Schwab Strategic TRSCHG
Share
8.4%
Value
$16m
Shares
468,147
Held
Fidelity Covington TrustFESM
Share
8.1%
Value
$15m
Shares
319,007
+4%
Vanguard Malvern FDSVGMS
Share
6.1%
Value
$11m
Shares
223,917
+17%
Schwab Strategic TRSCYB
Share
5.3%
Value
$10m
Shares
383,073
+11%
Fidelity Covington TrustFENI
Share
5.0%
Value
$9m
Shares
235,336
+5%
Capital Group Dividend ValueCGDV
Share
4.6%
Value
$9m
Shares
178,611
+11%
Fidelity Covington TrustFBCG
Share
4.6%
Value
$9m
Shares
140,399
+3%
Pimco Equity SERMFEM
Share
3.3%
Value
$6m
Shares
221,077
+9%
Fidelity Covington TrustFTEC
Share
2.5%
Value
$5m
Shares
16,423
Held
Fidelity Covington TrustFDVV
Share
2.4%
Value
$5m
Shares
75,141
+14%
T Rowe Price Exchange-TradedTSPA
Share
2.0%
Value
$4m
Shares
80,479
Held
Invesco Exchange Traded FD TXMHQ
Share
2.0%
Value
$4m
Shares
33,169
-9%
Capital Group Core BalancedCGBL
Share
1.9%
Value
$4m
Shares
94,996
+9%
Vanguard Index FDSVV
Share
1.9%
Value
$4m
Shares
10,452
Held
Ishares Gold TRIAU
Share
1.8%
Value
$3m
Shares
45,596
-2%
Fidelity Merrimack STR TRFBND
Share
1.5%
Value
$3m
Shares
63,583
-22%
Schwab Strategic TRFNDF
Share
1.5%
Value
$3m
Shares
54,380
+10%
Vanguard Malvern FDSVPLS
Share
1.4%
Value
$3m
Shares
35,188
+48%
T Rowe Price Exchange-TradedTBUX
Share
1.4%
Value
$3m
Shares
54,309
+6%
Fidelity Covington TrustFFSM
Share
1.4%
Value
$3m
Shares
67,672
+21%
Vanguard World FDVHT
Share
1.2%
Value
$2m
Shares
7,343
+6%
Janus Detroit STR TRJAAA
Share
1.0%
Value
$2m
Shares
37,078
+13%
T Rowe Price Exchange-TradedTMSL
Share
1.0%
Value
$2m
Shares
41,633
-3%
T Rowe Price Exchange-TradedTFNS
Share
0.6%
Value
$1m
Shares
38,824
+13%
Vanguard Index FDSVBK
Share
0.6%
Value
$1m
Shares
2,857
Held
Spdr Series TrustSPYG
Share
0.5%
Value
$997,202
Shares
8,381
-7%
Pimco ETF TRMINO
Share
0.5%
Value
$973,436
Shares
21,273
+21%
Vanguard World FDVDE
Share
0.4%
Value
$853,186
Shares
5,683
+13%
T Rowe Price Exchange-TradedTCAF
Share
0.4%
Value
$807,239
Shares
19,641
-4%
AppleAAPL
Share
0.4%
Value
$724,747
Shares
2,505
+18%
T Rowe Price Exchange-TradedTFLR
Share
0.4%
Value
$720,254
Shares
14,288
+13%
MicrosoftMSFT
Share
0.4%
Value
$688,979
Shares
1,847
-5%
Eli LillyLLY
Share
0.4%
Value
$684,447
Shares
571
+80%
Vanguard Specialized FundsVIG
Share
0.4%
Value
$672,731
Shares
2,843
Held
Schwab Strategic TRFNDX
Share
0.3%
Value
$619,048
Shares
19,905
Held
Fidelity Covington TrustFDEM
Share
0.3%
Value
$554,955
Shares
15,275
-3%
Vanguard Index FDSVB
Share
0.3%
Value
$535,286
Shares
1,766
Held
Litman Gregory FDS TRDBMF
Share
0.3%
Value
$510,514
Shares
16,678
+24%
Pimco ETF TRCMDT
Share
0.3%
Value
$495,290
Shares
16,149
+26%
Vanguard Whitehall FDSVYM
Share
0.3%
Value
$494,848
Shares
3,131
Held
Vanguard World FDMGK
Share
0.2%
Value
$448,278
Shares
5,099
-7%
Ishares TRIWF
Share
0.2%
Value
$448,071
Shares
3,609
Held
Franklin Templeton ETF TRFLSP
Share
0.2%
Value
$422,716
Shares
15,266
+27%
DTE EnergyDTE
Share
0.2%
Value
$410,144
Shares
2,692
+32%
Spdr Gold TRGLD
Share
0.2%
Value
$384,220
Shares
1,043
Held
Amazon.comAMZN
Share
0.2%
Value
$363,469
Shares
1,525
-4%
WEC Energy GroupWEC
Share
0.2%
Value
$356,878
Shares
3,056
Held
NvidiaNVDA
Share
0.2%
Value
$341,035
Shares
1,704
+16%
WalmartWMT
Share
0.2%
Value
$317,958
Shares
2,807
Held
Invesco QQQ TRQQQ
Share
0.2%
Value
$304,089
Shares
413
-4%
Ishares TRISCG
Share
0.2%
Value
$284,637
Shares
4,343
New
Ishares TRIMCG
Share
0.1%
Value
$266,140
Shares
2,707
Held
Schwab Strategic TRSCHF
Share
0.1%
Value
$259,015
Shares
9,351
Held
Ishares TRHYDB
Share
0.1%
Value
$247,774
Shares
5,298
-69%
Ford MotorF
Share
0.1%
Value
$221,090
Shares
15,906
+22%
ExxonMobil HoldingsXOM
Share
0.1%
Value
$217,400
Shares
1,590
-3%
Home DepotHD
Share
0.1%
Value
$210,039
Shares
596
New
AlphabetGOOGL
Share
0.1%
Value
$210,037
Shares
588
New
Ishares TRIWR
Share
0.1%
Value
$206,423
Shares
1,871
New
Ishares TRIWD
Share
0.1%
Value
$200,824
Shares
828
New

Company	Share of fund	Value	Shares	Change
Pimco ETF TRPYLD	10.6%	$20m	755,064	+5%
Fidelity Covington TrustFFLC	9.5%	$18m	305,028	+3%
Schwab Strategic TRSCHG	8.4%	$16m	468,147	Held
Fidelity Covington TrustFESM	8.1%	$15m	319,007	+4%
Vanguard Malvern FDSVGMS	6.1%	$11m	223,917	+17%
Schwab Strategic TRSCYB	5.3%	$10m	383,073	+11%
Fidelity Covington TrustFENI	5.0%	$9m	235,336	+5%
Capital Group Dividend ValueCGDV	4.6%	$9m	178,611	+11%
Fidelity Covington TrustFBCG	4.6%	$9m	140,399	+3%
Pimco Equity SERMFEM	3.3%	$6m	221,077	+9%
Fidelity Covington TrustFTEC	2.5%	$5m	16,423	Held
Fidelity Covington TrustFDVV	2.4%	$5m	75,141	+14%
T Rowe Price Exchange-TradedTSPA	2.0%	$4m	80,479	Held
Invesco Exchange Traded FD TXMHQ	2.0%	$4m	33,169	-9%
Capital Group Core BalancedCGBL	1.9%	$4m	94,996	+9%
Vanguard Index FDSVV	1.9%	$4m	10,452	Held
Ishares Gold TRIAU	1.8%	$3m	45,596	-2%
Fidelity Merrimack STR TRFBND	1.5%	$3m	63,583	-22%
Schwab Strategic TRFNDF	1.5%	$3m	54,380	+10%
Vanguard Malvern FDSVPLS	1.4%	$3m	35,188	+48%
T Rowe Price Exchange-TradedTBUX	1.4%	$3m	54,309	+6%
Fidelity Covington TrustFFSM	1.4%	$3m	67,672	+21%
Vanguard World FDVHT	1.2%	$2m	7,343	+6%
Janus Detroit STR TRJAAA	1.0%	$2m	37,078	+13%
T Rowe Price Exchange-TradedTMSL	1.0%	$2m	41,633	-3%
T Rowe Price Exchange-TradedTFNS	0.6%	$1m	38,824	+13%
Vanguard Index FDSVBK	0.6%	$1m	2,857	Held
Spdr Series TrustSPYG	0.5%	$997,202	8,381	-7%
Pimco ETF TRMINO	0.5%	$973,436	21,273	+21%
Vanguard World FDVDE	0.4%	$853,186	5,683	+13%
T Rowe Price Exchange-TradedTCAF	0.4%	$807,239	19,641	-4%
AppleAAPL	0.4%	$724,747	2,505	+18%
T Rowe Price Exchange-TradedTFLR	0.4%	$720,254	14,288	+13%
MicrosoftMSFT	0.4%	$688,979	1,847	-5%
Eli LillyLLY	0.4%	$684,447	571	+80%
Vanguard Specialized FundsVIG	0.4%	$672,731	2,843	Held
Schwab Strategic TRFNDX	0.3%	$619,048	19,905	Held
Fidelity Covington TrustFDEM	0.3%	$554,955	15,275	-3%
Vanguard Index FDSVB	0.3%	$535,286	1,766	Held
Litman Gregory FDS TRDBMF	0.3%	$510,514	16,678	+24%
Pimco ETF TRCMDT	0.3%	$495,290	16,149	+26%
Vanguard Whitehall FDSVYM	0.3%	$494,848	3,131	Held
Vanguard World FDMGK	0.2%	$448,278	5,099	-7%
Ishares TRIWF	0.2%	$448,071	3,609	Held
Franklin Templeton ETF TRFLSP	0.2%	$422,716	15,266	+27%
DTE EnergyDTE	0.2%	$410,144	2,692	+32%
Spdr Gold TRGLD	0.2%	$384,220	1,043	Held
Amazon.comAMZN	0.2%	$363,469	1,525	-4%
WEC Energy GroupWEC	0.2%	$356,878	3,056	Held
NvidiaNVDA	0.2%	$341,035	1,704	+16%
WalmartWMT	0.2%	$317,958	2,807	Held
Invesco QQQ TRQQQ	0.2%	$304,089	413	-4%
Ishares TRISCG	0.2%	$284,637	4,343	New
Ishares TRIMCG	0.1%	$266,140	2,707	Held
Schwab Strategic TRSCHF	0.1%	$259,015	9,351	Held
Ishares TRHYDB	0.1%	$247,774	5,298	-69%
Ford MotorF	0.1%	$221,090	15,906	+22%
ExxonMobil HoldingsXOM	0.1%	$217,400	1,590	-3%
Home DepotHD	0.1%	$210,039	596	New
AlphabetGOOGL	0.1%	$210,037	588	New
Ishares TRIWR	0.1%	$206,423	1,871	New
Ishares TRIWD	0.1%	$200,824	828	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 47.8% since 30 June 2025.

Where the money is

Technology0.9%

Retail & consumer0.4%

Utilities0.4%

Health care0.4%

Everyday goods0.2%

Energy0.1%

Media & telecom0.1%

Other97.5%

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.