Institutional Manager · CIK 0002028812

Lynx Investment Advisory

WASHINGTON, DC, DC · File #028-24216

Latest AUM

$183.3M

Positions

373

Top-10 Concentration

47.2%

Filings

Portfolio Value Over Time

2024-06

2024-09

2024-12

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	AKRE FOCUS ETF	74316P579	+87,467	+$5.7M	$0
REDUCE	CONOCOPHILLIPS COM	COP	-10,431	-$976,476	-$10,221
NEW	ISHARES MSCI EAFE ETF	464287465	+6,092	+$585,015	$0
ADD	NETFLIX INC. COM	NFLX	+5,417	+$507,898	-$507,268
ADD	MICROSOFT CORP COM	MSFT	+1,033	+$499,557	-$308,902
ADD	STATE STREET UTILITIES SELECT SECTOR SPDR ETF	81369Y886	+11,011	+$470,051	-$485,124
NEW	ISHARES RUSSELL MIDCAP ETF	464287499	+4,565	+$439,515	$0
ADD	FRANKLIN FTSE INDIA ETF	FGDL	+10,644	+$410,749	+$7,649
ADD	STATE STREET ENERGY SELECT SECTOR SPDR ETF	81369Y506	+9,001	+$402,446	-$401,031
NEW	ISHARES MSCI CHINA ETF	46429B671	+6,679	+$401,201	$0

Sector Allocation

Financials

12.7%$23.3M

Technology

9.5%$17.5M

Consumer Discretionary

2.5%$4.7M

Communication Services

1.6%$2.9M

1.5%$2.8M

1.4%$2.6M

1.1%$2.1M

0.5%$850,027

0.5%$836,318

0.4%$800,012

Filing History

Feb 5, 202613F COMBINATION REPORTQ/E Dec 2025373 pos · $183.3M
Nov 6, 202513F COMBINATION REPORTQ/E Sep 2025321 pos · $167.2M
Jul 18, 202513F COMBINATION REPORTQ/E Jun 2025320 pos · $153.1M
Jun 16, 202513F HOLDINGS REPORTQ/E Jun 2025315 pos · $150.0M
Feb 11, 202513F COMBINATION REPORTQ/E Dec 2024299 pos · $146.6M
Nov 4, 202413F COMBINATION REPORTQ/E Sep 2024277 pos · $138.9M
Jul 9, 202413F COMBINATION REPORTQ/E Jun 20241,046 pos · $135.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	INVESCO S&P 500 QUALITY ETF	IVZ	124,172	$9.3M	7.23%
2	APPLE INC COM	AAPL	25,226	$6.9M	5.32%
3	ISHARES CORE S&P MID-CAP ETF	464287507	98,290	$6.5M	5.04%
4	ISHARES INTL DIVIDEND GROWTH ETF	46435G524	73,911	$6.1M	4.75%
5	SPDR GOLD MINISHARES TRUST OF BENEFICIAL INTEREST	GLDW	68,547	$5.9M	4.54%
6	AKRE FOCUS ETF	74316P579	87,467	$5.7M	4.45%
7	DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF	25434V203	148,492	$5.7M	4.39%
8	PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF	74348A467	52,078	$5.4M	4.21%
9	MICROSOFT CORP COM	MSFT	10,025	$4.8M	3.76%
10	SPDR GOLD SHARES ETF	GLD	11,515	$4.6M	3.54%
11	ALPHABET INC CAP STK CL A	GOOG	14,296	$4.5M	3.47%
12	FIRST TRUST DOW JONES GLOBAL SELECT DIVIDEND INDEX FUND	33734X200	137,107	$4.2M	3.22%
13	SPDR S&P 500 ETF	SPY	5,108	$3.5M	2.70%
14	STATE STREET SPDR PORTFOLIO S&P 400 MID CAP ETF	78464A847	59,248	$3.4M	2.66%
15	AMAZON COM INC COM	AMZN	14,541	$3.4M	2.61%
16	MASTERCARD INCORPORATED CL A	MA	5,279	$3.0M	2.34%
17	ISHARES GOLD TRUST	IAU	34,427	$2.8M	2.17%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	5,414	$2.7M	2.11%
19	VANGUARD INTERMEDIATE-TERM BOND ETF	921937819	34,843	$2.7M	2.11%
20	VANGUARD CORE BOND ETF	922020748	33,948	$2.6M	2.05%