Integrated Capital Management

JESSUP, PAfiles as INTEGRATED CAPITAL MANAGEMENT, INC.

$143m in 57 US stocks at the end of 30 June 2026. The top 10 are 70.5% of the money. It changed about 10.7% of the portfolio this quarter.

Value

$143m

Stocks

Top 10 share

70.5%

Turnover

10.7%

What changed this quarter

New

Bought for the first time this quarter.

Ishares TREEM
0.3% of the fund
Eaton Vance Enhanced Equity Income Fund IIEOS
0.3% of the fund
Eaton Vance SR Fltng RTE TRXEFRX
0.2% of the fund
DoubleLine Opportunistic Credit FundDBL
0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TREFV
14.7% of the fund
+6%
Vanguard Specialized FundsVIG
7.3% of the fund
+6%
J P Morgan Exchange Traded FJQUA
4.0% of the fund
+18%
Ishares TRIWF
1.9% of the fund
+5%
Wisdomtree TRUSFR
1.2% of the fund
+9%
Vanguard Tax-Managed FDSVEA
1.0% of the fund
+5%
Fidelity Covington TrustFREL
0.7% of the fund
+7%
Vanguard Index FDSVTI
0.5% of the fund
+11%
Blackrock Muniholdings FundMHD
0.3% of the fund
+39%
Elevation Series TrustCEFZ
0.2% of the fund
+10%

Cut

Sold some of their stake.

American Centy ETF TRAVLV
15.1% of the fund
-4%
Spdr Series TrustSPTM
4.9% of the fund
-8%
Spdr Series TrustSPTS
4.6% of the fund
-13%
Spdr Series TrustSPTI
4.5% of the fund
-3%
Vaneck ETF TrustEMLC
4.3% of the fund
-11%
Pimco Equity SERMFEM
4.1% of the fund
-9%
Spdr Series TrustSPTB
4.0% of the fund
-13%
Spdr Series TrustTFI
2.0% of the fund
-11%
Spdr Series TrustSPTL
1.9% of the fund
-5%
Spdr Series TrustSPIB
1.7% of the fund
-8%
Spdr Series TrustSPYV
0.6% of the fund
-6%
Pimco Municipal Income Fund IIPML
0.3% of the fund
-27%
BlackRock Taxable Municipal Bond TrustBBN
0.3% of the fund
-9%
Eaton Vance Tax-Managed Buy-Write Opportunities FundETV
0.3% of the fund
-10%
Eaton Vance Tax-Managed Global Buy-Write Opportunities FundETW
0.3% of the fund
-16%
Pimco High Income FundPHK
0.3% of the fund
-4%
Nuveen S&P 500 Dynamic OverwXSSPX
0.2% of the fund
-46%
BlackRock Municipal 2030 Target Term TrustBTT
0.2% of the fund
-24%
SRH Total Return FundSTEW
0.2% of the fund
-11%
Virtus Convertible & Income FundNCV
0.2% of the fund
-12%
Virtus Total Return FundZTR
0.2% of the fund
-21%
Blackrock Enhanced GlobalXBOEX
0.2% of the fund
-17%
Flaherty & Crumrin PFD & INMXFFCX
0.2% of the fund
-10%
Saba Capital Income & Opportunities FundBRW
0.2% of the fund
-16%
Western Asset Managed Municipals FundMMU
0.2% of the fund
-26%

Sold out

Sold their entire stake.

Invesco Actvely Mngd ETC FDPDBC
-100%
MicrosoftMSFT
-100%
abrdn Emerging Markets ex-China FundAEF
-100%

Holdings

American Centy ETF TRAVLV
Share
15.1%
Value
$22m
Shares
236,633
-4%
Ishares TREFV
Share
14.7%
Value
$21m
Shares
275,128
+6%
Vanguard Specialized FundsVIG
Share
7.3%
Value
$10m
Shares
44,180
+6%
Spdr Index SHS FDSSPDW
Share
6.9%
Value
$10m
Shares
196,927
Held
Spdr Series TrustSPTM
Share
4.9%
Value
$7m
Shares
77,316
-8%
Spdr Series TrustSPTS
Share
4.6%
Value
$7m
Shares
229,210
-13%
Spdr Series TrustSPTI
Share
4.5%
Value
$6m
Shares
228,374
-3%
Vaneck ETF TrustEMLC
Share
4.3%
Value
$6m
Shares
241,460
-11%
Pimco Equity SERMFEM
Share
4.1%
Value
$6m
Shares
207,610
-9%
Doubleline ETF TrustDMBS
Share
4.1%
Value
$6m
Shares
119,008
Held
J P Morgan Exchange Traded FJQUA
Share
4.0%
Value
$6m
Shares
80,238
+18%
Spdr Series TrustSPTB
Share
4.0%
Value
$6m
Shares
189,076
-13%
Dimensional ETF TrustDFSV
Share
3.6%
Value
$5m
Shares
133,641
Held
Spdr Series TrustTFI
Share
2.0%
Value
$3m
Shares
61,160
-11%
Spdr Series TrustSPTL
Share
1.9%
Value
$3m
Shares
103,455
-5%
Ishares TRIWF
Share
1.9%
Value
$3m
Shares
21,772
+5%
Spdr Series TrustSPIB
Share
1.7%
Value
$2m
Shares
74,404
-8%
Wisdomtree TRUSFR
Share
1.2%
Value
$2m
Shares
34,001
+9%
Vanguard Tax-Managed FDSVEA
Share
1.0%
Value
$1m
Shares
20,099
+5%
Fidelity Covington TrustFREL
Share
0.7%
Value
$976,379
Shares
33,324
+7%
Spdr Series TrustSPYV
Share
0.6%
Value
$930,857
Shares
15,313
-6%
Vanguard Index FDSVTI
Share
0.5%
Value
$682,748
Shares
1,845
+11%
Blackrock Muniholdings FundMHD
Share
0.3%
Value
$450,008
Shares
37,816
+39%
Pimco Municipal Income Fund IIPML
Share
0.3%
Value
$440,173
Shares
57,841
-27%
BlackRock Taxable Municipal Bond TrustBBN
Share
0.3%
Value
$421,471
Shares
26,065
-9%
Eaton Vance Tax-Managed Buy-Write Opportunities FundETV
Share
0.3%
Value
$413,734
Shares
27,805
-10%
Ishares TREEM
Share
0.3%
Value
$402,196
Shares
5,879
New
Eaton Vance Enhanced Equity Income Fund IIEOS
Share
0.3%
Value
$380,487
Shares
17,263
New
Eaton Vance Tax-Managed Global Buy-Write Opportunities FundETW
Share
0.3%
Value
$379,816
Shares
39,400
-16%
Pimco High Income FundPHK
Share
0.3%
Value
$378,856
Shares
81,300
-4%
Nuveen S&P 500 Dynamic OverwXSSPX
Share
0.2%
Value
$344,839
Shares
18,500
-46%
BlackRock Municipal 2030 Target Term TrustBTT
Share
0.2%
Value
$318,548
Shares
14,002
-24%
Invesco QQQ TRQQQ
Share
0.2%
Value
$314,122
Shares
427
Held
SRH Total Return FundSTEW
Share
0.2%
Value
$265,948
Shares
14,857
-11%
Virtus Convertible & Income FundNCV
Share
0.2%
Value
$251,560
Shares
14,301
-12%
Virtus Total Return FundZTR
Share
0.2%
Value
$251,459
Shares
36,817
-21%
Blackrock Enhanced GlobalXBOEX
Share
0.2%
Value
$248,735
Shares
20,574
-17%
Flaherty & Crumrin PFD & INMXFFCX
Share
0.2%
Value
$247,869
Shares
15,225
-10%
Saba Capital Income & Opportunities FundBRW
Share
0.2%
Value
$246,485
Shares
37,517
-16%
Eaton Vance SR Fltng RTE TRXEFRX
Share
0.2%
Value
$241,788
Shares
22,810
New
Western Asset Managed Municipals FundMMU
Share
0.2%
Value
$234,799
Shares
22,533
-26%
Elevation Series TrustCEFZ
Share
0.2%
Value
$223,946
Shares
27,213
+10%
BNY Mellon Strategic MunicipalsLEO
Share
0.2%
Value
$223,759
Shares
34,638
-20%
Neuberger Municipal FundNBH
Share
0.2%
Value
$216,574
Shares
20,528
-12%
NYLI MacKay DefinedTerm Muni Opportunities FundMMD
Share
0.2%
Value
$216,016
Shares
13,937
-21%
Virtus Convertible & Income Fund IINCZ
Share
0.1%
Value
$212,089
Shares
13,339
-8%
Highland Opportunities & Income FundHFRO
Share
0.1%
Value
$208,804
Shares
29,285
-14%
Eaton Vance Tax-Managed Buy-Write Income FundETB
Share
0.1%
Value
$204,374
Shares
13,151
-11%
Franklin Municipal Opportunities TrustPMO
Share
0.1%
Value
$189,872
Shares
18,014
-10%
BNY Mellon High Yield Strategies FundDHF
Share
0.1%
Value
$189,218
Shares
78,189
-8%
UBS Asset Management High Yield Credit FundDHY
Share
0.1%
Value
$187,878
Shares
105,549
-3%
DoubleLine Opportunistic Credit FundDBL
Share
0.1%
Value
$185,964
Shares
12,932
New
Western Asset Mortgage Opportunity FundDMO
Share
0.1%
Value
$173,689
Shares
16,217
-8%
BNY Mellon Strategic Municipal Bond FundDSM
Share
0.1%
Value
$170,948
Shares
27,796
-16%
Aberdeen Municipal Income FundMFM
Share
<0.1%
Value
$112,782
Shares
20,068
-6%
GDL FundGDL
Share
<0.1%
Value
$109,333
Shares
12,908
-7%
Invesco High Income Trust IIVLT
Share
<0.1%
Value
$107,105
Shares
10,299
-5%

Company	Share of fund	Value	Shares	Change
American Centy ETF TRAVLV	15.1%	$22m	236,633	-4%
Ishares TREFV	14.7%	$21m	275,128	+6%
Vanguard Specialized FundsVIG	7.3%	$10m	44,180	+6%
Spdr Index SHS FDSSPDW	6.9%	$10m	196,927	Held
Spdr Series TrustSPTM	4.9%	$7m	77,316	-8%
Spdr Series TrustSPTS	4.6%	$7m	229,210	-13%
Spdr Series TrustSPTI	4.5%	$6m	228,374	-3%
Vaneck ETF TrustEMLC	4.3%	$6m	241,460	-11%
Pimco Equity SERMFEM	4.1%	$6m	207,610	-9%
Doubleline ETF TrustDMBS	4.1%	$6m	119,008	Held
J P Morgan Exchange Traded FJQUA	4.0%	$6m	80,238	+18%
Spdr Series TrustSPTB	4.0%	$6m	189,076	-13%
Dimensional ETF TrustDFSV	3.6%	$5m	133,641	Held
Spdr Series TrustTFI	2.0%	$3m	61,160	-11%
Spdr Series TrustSPTL	1.9%	$3m	103,455	-5%
Ishares TRIWF	1.9%	$3m	21,772	+5%
Spdr Series TrustSPIB	1.7%	$2m	74,404	-8%
Wisdomtree TRUSFR	1.2%	$2m	34,001	+9%
Vanguard Tax-Managed FDSVEA	1.0%	$1m	20,099	+5%
Fidelity Covington TrustFREL	0.7%	$976,379	33,324	+7%
Spdr Series TrustSPYV	0.6%	$930,857	15,313	-6%
Vanguard Index FDSVTI	0.5%	$682,748	1,845	+11%
Blackrock Muniholdings FundMHD	0.3%	$450,008	37,816	+39%
Pimco Municipal Income Fund IIPML	0.3%	$440,173	57,841	-27%
BlackRock Taxable Municipal Bond TrustBBN	0.3%	$421,471	26,065	-9%
Eaton Vance Tax-Managed Buy-Write Opportunities FundETV	0.3%	$413,734	27,805	-10%
Ishares TREEM	0.3%	$402,196	5,879	New
Eaton Vance Enhanced Equity Income Fund IIEOS	0.3%	$380,487	17,263	New
Eaton Vance Tax-Managed Global Buy-Write Opportunities FundETW	0.3%	$379,816	39,400	-16%
Pimco High Income FundPHK	0.3%	$378,856	81,300	-4%
Nuveen S&P 500 Dynamic OverwXSSPX	0.2%	$344,839	18,500	-46%
BlackRock Municipal 2030 Target Term TrustBTT	0.2%	$318,548	14,002	-24%
Invesco QQQ TRQQQ	0.2%	$314,122	427	Held
SRH Total Return FundSTEW	0.2%	$265,948	14,857	-11%
Virtus Convertible & Income FundNCV	0.2%	$251,560	14,301	-12%
Virtus Total Return FundZTR	0.2%	$251,459	36,817	-21%
Blackrock Enhanced GlobalXBOEX	0.2%	$248,735	20,574	-17%
Flaherty & Crumrin PFD & INMXFFCX	0.2%	$247,869	15,225	-10%
Saba Capital Income & Opportunities FundBRW	0.2%	$246,485	37,517	-16%
Eaton Vance SR Fltng RTE TRXEFRX	0.2%	$241,788	22,810	New
Western Asset Managed Municipals FundMMU	0.2%	$234,799	22,533	-26%
Elevation Series TrustCEFZ	0.2%	$223,946	27,213	+10%
BNY Mellon Strategic MunicipalsLEO	0.2%	$223,759	34,638	-20%
Neuberger Municipal FundNBH	0.2%	$216,574	20,528	-12%
NYLI MacKay DefinedTerm Muni Opportunities FundMMD	0.2%	$216,016	13,937	-21%
Virtus Convertible & Income Fund IINCZ	0.1%	$212,089	13,339	-8%
Highland Opportunities & Income FundHFRO	0.1%	$208,804	29,285	-14%
Eaton Vance Tax-Managed Buy-Write Income FundETB	0.1%	$204,374	13,151	-11%
Franklin Municipal Opportunities TrustPMO	0.1%	$189,872	18,014	-10%
BNY Mellon High Yield Strategies FundDHF	0.1%	$189,218	78,189	-8%
UBS Asset Management High Yield Credit FundDHY	0.1%	$187,878	105,549	-3%
DoubleLine Opportunistic Credit FundDBL	0.1%	$185,964	12,932	New
Western Asset Mortgage Opportunity FundDMO	0.1%	$173,689	16,217	-8%
BNY Mellon Strategic Municipal Bond FundDSM	0.1%	$170,948	27,796	-16%
Aberdeen Municipal Income FundMFM	<0.1%	$112,782	20,068	-6%
GDL FundGDL	<0.1%	$109,333	12,908	-7%
Invesco High Income Trust IIVLT	<0.1%	$107,105	10,299	-5%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 9.1% since 30 June 2025.

Where the money is

Other100.0%

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.