Refined Wealth Management

SALT LAKE CITY, UT

$166m in 49 US stocks at the end of 30 June 2026. The top 10 are 64.7% of the money. It changed about 5.8% of the portfolio this quarter.

Value

$166m

Stocks

Top 10 share

64.7%

Turnover

5.8%

What changed this quarter

New

Bought for the first time this quarter.

Wisdomtree TRXSOE
0.1% of the fund
BroadcomAVGO
0.1% of the fund

Added

Bought more of a stock they already held.

Pimco ETF TRPYLD
5.1% of the fund
+2%
Bitwise Bitcoin ETF TRBITB
4.8% of the fund
+2%
J P Morgan Exchange Traded FJPIB
3.5% of the fund
+2%
Schwab Strategic TRSCHR
3.5% of the fund
+2%
Bitwise XRP ETFXRP
1.1% of the fund
+3%

Cut

Sold some of their stake.

Marathon PetroleumMPC
3.7% of the fund
-3%
Nushares ETF TRNULG
0.5% of the fund
-5%
AppleAAPL
0.5% of the fund
-3%
Berkshire HathawayBRK-B
0.2% of the fund
-19%
Ishares TRTLT
0.2% of the fund
-20%
EatonETN
0.1% of the fund
-3%
Volatility SHS TRXRPI
<0.1% of the fund
-3%

Sold out

Sold their entire stake.

Ishares TRSUSA
-100%
CamecoCCJ
-100%
ExxonMobil HoldingsXOM
-100%

Holdings

Vanguard Tax-Managed FDSVEA
Share
12.1%
Value
$20m
Shares
280,248
Held
Invesco QQQ TRQQQ
Share
10.2%
Value
$17m
Shares
23,018
Held
Invesco Exchange Traded FD TRSP
Share
8.5%
Value
$14m
Shares
65,994
Held
Coinbase GlobalCOIN
Share
5.2%
Value
$9m
Shares
58,894
Held
Pimco ETF TRPYLD
Share
5.1%
Value
$8m
Shares
317,941
+2%
Bitwise Bitcoin ETF TRBITB
Share
4.8%
Value
$8m
Shares
251,344
+2%
Vanguard Index FDSVTV
Share
4.8%
Value
$8m
Shares
36,555
Held
IsharesEMXC
Share
4.8%
Value
$8m
Shares
77,483
Held
Blackrock ETF Trust IIBINC
Share
4.8%
Value
$8m
Shares
151,094
Held
ChevronCVX
Share
4.5%
Value
$7m
Shares
44,951
Held
Spdr Gold TRGLD
Share
3.8%
Value
$6m
Shares
17,178
Held
Marathon PetroleumMPC
Share
3.7%
Value
$6m
Shares
24,224
-3%
J P Morgan Exchange Traded FJPIB
Share
3.5%
Value
$6m
Shares
119,352
+2%
Schwab Strategic TRSCHR
Share
3.5%
Value
$6m
Shares
233,476
+2%
EnovixENVX
Share
3.1%
Value
$5m
Shares
844,850
Held
IsharesPICK
Share
2.8%
Value
$5m
Shares
79,141
Held
Vaneck ETF TrustREMX
Share
2.1%
Value
$3m
Shares
38,389
Held
Invesco Exchange Traded FD TXMMO
Share
1.7%
Value
$3m
Shares
16,381
Held
American Centy ETF TRAVUV
Share
1.7%
Value
$3m
Shares
21,939
Held
Neighborhood IntelligenceNXH
Share
1.5%
Value
$2m
Shares
421,102
Held
Bitwise XRP ETFXRP
Share
1.1%
Value
$2m
Shares
153,726
+3%
Vanguard Index FDSVOO
Share
0.6%
Value
$1m
Shares
1,514
Held
NvidiaNVDA
Share
0.6%
Value
$966,035
Shares
4,828
Held
Nushares ETF TRNULG
Share
0.5%
Value
$857,230
Shares
7,323
-5%
First TR Exchange-Traded FDFTSM
Share
0.5%
Value
$848,704
Shares
14,209
Held
AppleAAPL
Share
0.5%
Value
$841,459
Shares
2,908
-3%
Amazon.comAMZN
Share
0.4%
Value
$695,476
Shares
2,918
Held
Vanguard World FDVSGX
Share
0.4%
Value
$693,467
Shares
8,422
Held
Union PacificUNP
Share
0.4%
Value
$675,633
Shares
2,484
Held
Vanguard Charlotte FDSBNDX
Share
0.3%
Value
$503,105
Shares
10,388
Held
Ssga Active ETF TRSRLN
Share
0.3%
Value
$459,738
Shares
11,411
Held
Tidal Trust IIXMAG
Share
0.2%
Value
$376,413
Shares
14,433
Held
Berkshire HathawayBRK-B
Share
0.2%
Value
$349,272
Shares
698
-19%
Vanguard Index FDSVO
Share
0.2%
Value
$339,635
Shares
4,215
Held
MicrosoftMSFT
Share
0.2%
Value
$326,393
Shares
875
Held
Meta PlatformsMETA
Share
0.2%
Value
$323,328
Shares
574
Held
Vanguard Index FDSVB
Share
0.2%
Value
$272,135
Shares
898
Held
Ishares TRTLT
Share
0.2%
Value
$257,186
Shares
2,976
-20%
TeslaTSLA
Share
0.2%
Value
$254,884
Shares
606
Held
Vanguard Scottsdale FDSVCLT
Share
0.2%
Value
$253,896
Shares
3,374
Held
EatonETN
Share
0.1%
Value
$244,593
Shares
574
-3%
World Gold TRGLDM
Share
0.1%
Value
$243,978
Shares
3,072
Held
Wisdomtree TRXSOE
Share
0.1%
Value
$224,753
Shares
4,570
New
BroadcomAVGO
Share
0.1%
Value
$219,473
Shares
581
New
NexGen EnergyNXE
Share
<0.1%
Value
$103,290
Shares
11,000
Held
Volatility SHS TRXRPI
Share
<0.1%
Value
$71,710
Shares
12,493
-3%
Denison MinesDNN
Share
<0.1%
Value
$33,201
Shares
10,850
Held
BED Bath & Beyond
Share
<0.1%
Value
$17,441
Shares
41,526
Held
Ur-EnergyURG
Share
<0.1%
Value
$14,688
Shares
10,800
Held

Company	Share of fund	Value	Shares	Change
Vanguard Tax-Managed FDSVEA	12.1%	$20m	280,248	Held
Invesco QQQ TRQQQ	10.2%	$17m	23,018	Held
Invesco Exchange Traded FD TRSP	8.5%	$14m	65,994	Held
Coinbase GlobalCOIN	5.2%	$9m	58,894	Held
Pimco ETF TRPYLD	5.1%	$8m	317,941	+2%
Bitwise Bitcoin ETF TRBITB	4.8%	$8m	251,344	+2%
Vanguard Index FDSVTV	4.8%	$8m	36,555	Held
IsharesEMXC	4.8%	$8m	77,483	Held
Blackrock ETF Trust IIBINC	4.8%	$8m	151,094	Held
ChevronCVX	4.5%	$7m	44,951	Held
Spdr Gold TRGLD	3.8%	$6m	17,178	Held
Marathon PetroleumMPC	3.7%	$6m	24,224	-3%
J P Morgan Exchange Traded FJPIB	3.5%	$6m	119,352	+2%
Schwab Strategic TRSCHR	3.5%	$6m	233,476	+2%
EnovixENVX	3.1%	$5m	844,850	Held
IsharesPICK	2.8%	$5m	79,141	Held
Vaneck ETF TrustREMX	2.1%	$3m	38,389	Held
Invesco Exchange Traded FD TXMMO	1.7%	$3m	16,381	Held
American Centy ETF TRAVUV	1.7%	$3m	21,939	Held
Neighborhood IntelligenceNXH	1.5%	$2m	421,102	Held
Bitwise XRP ETFXRP	1.1%	$2m	153,726	+3%
Vanguard Index FDSVOO	0.6%	$1m	1,514	Held
NvidiaNVDA	0.6%	$966,035	4,828	Held
Nushares ETF TRNULG	0.5%	$857,230	7,323	-5%
First TR Exchange-Traded FDFTSM	0.5%	$848,704	14,209	Held
AppleAAPL	0.5%	$841,459	2,908	-3%
Amazon.comAMZN	0.4%	$695,476	2,918	Held
Vanguard World FDVSGX	0.4%	$693,467	8,422	Held
Union PacificUNP	0.4%	$675,633	2,484	Held
Vanguard Charlotte FDSBNDX	0.3%	$503,105	10,388	Held
Ssga Active ETF TRSRLN	0.3%	$459,738	11,411	Held
Tidal Trust IIXMAG	0.2%	$376,413	14,433	Held
Berkshire HathawayBRK-B	0.2%	$349,272	698	-19%
Vanguard Index FDSVO	0.2%	$339,635	4,215	Held
MicrosoftMSFT	0.2%	$326,393	875	Held
Meta PlatformsMETA	0.2%	$323,328	574	Held
Vanguard Index FDSVB	0.2%	$272,135	898	Held
Ishares TRTLT	0.2%	$257,186	2,976	-20%
TeslaTSLA	0.2%	$254,884	606	Held
Vanguard Scottsdale FDSVCLT	0.2%	$253,896	3,374	Held
EatonETN	0.1%	$244,593	574	-3%
World Gold TRGLDM	0.1%	$243,978	3,072	Held
Wisdomtree TRXSOE	0.1%	$224,753	4,570	New
BroadcomAVGO	0.1%	$219,473	581	New
NexGen EnergyNXE	<0.1%	$103,290	11,000	Held
Volatility SHS TRXRPI	<0.1%	$71,710	12,493	-3%
Denison MinesDNN	<0.1%	$33,201	10,850	Held
BED Bath & Beyond	<0.1%	$17,441	41,526	Held
Ur-EnergyURG	<0.1%	$14,688	10,800	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 13.9% since 30 June 2025.

Where the money is

Energy8.2%

Financial services5.4%

Technology4.5%

Retail & consumer2.0%

Industrials0.6%

Media & telecom0.2%

Materials0.1%

Other79.0%

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.