Tripletail Wealth Management

Latest statistics and disclosures from Tripletail Wealth Management's latest quarterly 13F-HR filing:

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Positions held by Tripletail Wealth Management consolidated in one spreadsheet with up to 7 years of data

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Portfolio Holdings for Tripletail Wealth Management

Tripletail Wealth Management holds 278 positions in its portfolio as reported in the June 2026 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
John Bean Technologies Corporation (JBTM) 19.2 $17M 115k 145.83
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NVIDIA Corporation (NVDA) 5.1 $4.4M -3% 23k 194.83
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Invesco Exchange Traded Fd T S&p500 Eql Wgt (RSP) 3.8 $3.3M +29% 15k 214.91
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Apple (AAPL) 3.0 $2.6M 8.4k 308.63
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Pgim Etf Tr Pgim Ultra Sh Bd (PULS) 2.4 $2.1M +35% 42k 49.57
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Amazon (AMZN) 2.1 $1.8M -4% 7.6k 242.67
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Micron Technology (MU) 2.1 $1.8M -31% 1.8k 975.56
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Microsoft Corporation (MSFT) 2.0 $1.7M 4.4k 390.49
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Ishares Tr S&p 500 Grwt Etf (IVW) 1.9 $1.6M 12k 135.41
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Pacer Fds Tr Metaurus Cap 400 (QDPL) 1.8 $1.5M 34k 45.36
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Arista Networks Com Shs (ANET) 1.7 $1.5M 9.2k 159.99
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Alphabet Cap Stk Cl A (GOOGL) 1.6 $1.4M 4.0k 359.91
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JPMorgan Chase & Co. (JPM) 1.6 $1.4M 4.3k 334.47
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Broadcom (AVGO) 1.5 $1.3M 3.7k 360.45
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Palo Alto Networks (PANW) 1.4 $1.3M 3.6k 348.06
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Caterpillar (CAT) 1.4 $1.2M -3% 1.2k 963.53
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Pacer Fds Tr Us Cash Cows 100 (COWZ) 1.3 $1.1M -3% 18k 63.79
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Vertiv Holdings Com Cl A (VRT) 1.3 $1.1M -10% 3.8k 300.53
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Wedbush Ser Tr Dan Ive Revo Etf (IVES) 1.3 $1.1M +139% 30k 37.28
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Kinder Morgan (KMI) 1.3 $1.1M +11% 35k 32.06
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J P Morgan Exchange Traded F Betabuildrs Us (BBUS) 1.3 $1.1M -4% 8.3k 134.32
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Pacer Fds Tr Us Lrg Cp Cash (COWG) 1.3 $1.1M -4% 28k 38.89
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International Business Machines (IBM) 1.1 $930k -2% 3.2k 289.52
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Eli Lilly & Co. (LLY) 1.0 $857k 706.00 1213.91
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Pacer Fds Tr Developed Mrkt (ICOW) 1.0 $857k +12% 20k 42.20
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Berkshire Hathaway Inc Del Cl B New (BRK.B) 0.9 $795k 1.6k 507.78
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Mp Materials Corp Com Cl A (MP) 0.8 $719k +7% 14k 53.31
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American Express Company (AXP) 0.8 $686k 1.9k 351.96
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Tesla Motors (TSLA) 0.8 $685k +24% 1.7k 393.45
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Abbvie (ABBV) 0.8 $673k 2.6k 261.07
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Meta Platforms Cl A (META) 0.8 $664k 1.1k 582.90
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Qualcomm (QCOM) 0.7 $619k 3.5k 176.25
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Phillips 66 (PSX) 0.7 $603k -5% 3.4k 176.42
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Pacer Fds Tr Emrg Mkt Cash (ECOW) 0.7 $574k +3% 22k 26.64
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Goldman Sachs (GS) 0.7 $567k 555.00 1021.00
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GSK Sponsored Adr (GSK) 0.6 $563k -5% 11k 53.66
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Netflix (NFLX) 0.6 $539k +2% 6.9k 77.65
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Ge Vernova (GEV) 0.6 $515k -4% 463.00 1113.11
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Morgan Stanley Com New (MS) 0.6 $504k 2.4k 213.93
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Vanguard World Industrial Etf (VIS) 0.6 $489k +2% 1.4k 355.13
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Exxon Mobil Corporation (XOM) 0.5 $469k +6% 3.4k 137.09
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Pacer Fds Tr Us Sm Cap Ca Etf (CALF) 0.5 $458k -6% 8.9k 51.69
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Applied Materials (AMAT) 0.5 $446k -2% 739.00 603.04
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Home Depot (HD) 0.5 $431k +7% 1.2k 357.90
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Nebius Group Shs Class A (NBIS) 0.5 $426k -20% 2.0k 215.62
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Costco Wholesale Corporation (COST) 0.5 $411k 432.00 951.67
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Unum (UNM) 0.5 $407k 4.4k 92.34
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Marvell Technology (MRVL) 0.5 $398k -5% 1.6k 245.29
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Te Connectivity Ord Shs (TEL) 0.4 $372k 1.9k 197.44
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Cisco Systems (CSCO) 0.4 $370k 3.3k 112.69
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Crowdstrike Hldgs Cl A (CRWD) 0.4 $363k +263% 1.9k 193.98
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Vistra Energy (VST) 0.4 $353k 2.3k 151.05
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Taiwan Semiconductor Manufac Sponsored Ads (TSM) 0.4 $335k 771.00 434.16
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Baker Hughes Company Cl A (BKR) 0.4 $333k +29% 6.3k 52.78
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Select Sector Spdr Tr St Str Finl Etf (XLF) 0.4 $323k +21% 5.8k 55.62
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Citigroup Com New (C) 0.4 $322k 2.3k 139.97
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Coca-Cola Company (KO) 0.4 $320k 3.8k 84.14
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Vanguard Whitehall Fds High Div Yld (VYM) 0.4 $316k 2.0k 159.48
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Texas Instruments Incorporated (TXN) 0.4 $314k 1.1k 293.08
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Vanguard World Materials Etf (VAW) 0.4 $307k +235% 1.3k 232.64
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Rio Tinto Sponsored Adr (RIO) 0.4 $305k -11% 3.2k 94.42
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Amgen (AMGN) 0.3 $299k 800.00 374.15
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Advanced Micro Devices (AMD) 0.3 $293k +707% 565.00 517.82
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J P Morgan Exchange Traded F Intrnl Res Eqt (JIRE) 0.3 $273k -3% 3.3k 82.79
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Wal-Mart Stores (WMT) 0.3 $266k 2.4k 111.84
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Merck & Co (MRK) 0.3 $263k 2.0k 129.56
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Select Sector Spdr Tr St Str Energ Etf (XLE) 0.3 $256k +41% 4.8k 53.22
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Bank of America Corporation (BAC) 0.3 $236k 4.0k 58.73
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Invesco Qqq Tr Unit Ser 1 (QQQ) 0.3 $232k +3% 325.00 712.60
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ConocoPhillips (COP) 0.3 $229k +4% 2.2k 104.73
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Innodata Com New (INOD) 0.3 $222k -41% 3.2k 68.88
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QuinStreet (QNST) 0.3 $220k 14k 15.82
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McDonald's Corporation (MCD) 0.3 $218k 778.00 280.63
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Cloudflare Cl A Com (NET) 0.3 $218k 900.00 242.41
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Truist Financial Corp equities (TFC) 0.3 $217k +96% 4.3k 50.98
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Coreweave Com Cl A (CRWV) 0.2 $206k -3% 2.5k 81.75
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Visa Com Cl A (V) 0.2 $205k 566.00 362.13
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Ishares Tr Core S&p500 Etf (IVV) 0.2 $204k 273.00 748.43
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J P Morgan Exchange Traded F Betabuilders Us (BBAG) 0.2 $198k NEW 2.1k 94.91
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Lucid Diagnostics (LUCD) 0.2 $196k NEW 183k 1.07
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Southern Company (SO) 0.2 $194k +8% 2.0k 97.98
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Stryker Corporation (SYK) 0.2 $189k 580.00 326.54
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Voyager Technologies Com Cl A (VOYG) 0.2 $188k -50% 5.5k 34.22
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Intuitive Surgical Com New (ISRG) 0.2 $188k -8% 441.00 426.01
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Hca Holdings (HCA) 0.2 $187k 455.00 410.50
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Harrow Health (HROW) 0.2 $185k 4.3k 42.74
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Chevron Corporation (CVX) 0.2 $182k 1.1k 169.20
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Vanguard Admiral Fds 500 Grth Idx F (VOOG) 0.2 $181k +500% 2.2k 81.42
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Target Hospitality Corp (TH) 0.2 $169k -30% 9.2k 18.47
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Northrop Grumman Corporation (NOC) 0.2 $167k +84% 305.00 549.01
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Analog Devices (ADI) 0.2 $166k -3% 439.00 377.16
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J P Morgan Exchange Traded F Active Value Etf (JAVA) 0.2 $164k 2.1k 80.18
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Procter & Gamble Company (PG) 0.2 $156k 1.0k 151.41
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Perion Network Shs New (PERI) 0.2 $156k +3% 17k 9.40
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AFLAC Incorporated (AFL) 0.2 $156k -6% 1.3k 120.88
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Vertex Pharmaceuticals Incorporated (VRTX) 0.2 $153k 290.00 528.04
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Parker-Hannifin Corporation (PH) 0.2 $153k 159.00 962.89
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Honda Motor Adr Ech Cnv In 3 (HMC) 0.2 $152k 5.4k 28.02
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Lowe's Companies (LOW) 0.2 $147k 647.00 227.50
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State Str Spdr S&p 500 Etf T Tr Unit (SPY) 0.2 $143k 192.00 744.78
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J P Morgan Exchange Traded F Global Sel Equit (JGLO) 0.2 $139k 2.0k 71.33
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Ge Healthcare Technologies I Common Stock (GEHC) 0.2 $138k 2.1k 65.56
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Cerebras Systems Com Cl A (CBRS) 0.2 $136k NEW 665.00 204.86
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3M Company (MMM) 0.2 $136k -9% 846.00 160.44
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L3harris Technologies (LHX) 0.2 $131k -3% 434.00 302.07
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Velo3d Com New (VELO) 0.2 $131k +13% 8.4k 15.63
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Bgc Group Cl A (BGC) 0.2 $130k +3% 12k 11.02
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Novartis Sponsored Adr (NVS) 0.1 $126k +33% 790.00 159.90
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Spdr Gold Tr Gold Shs (GLD) 0.1 $126k -8% 332.00 378.13
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Kkr & Co (KKR) 0.1 $125k 1.3k 93.84
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Waste Management (WM) 0.1 $123k 533.00 230.40
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Thermo Fisher Scientific (TMO) 0.1 $117k 223.00 523.44
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Ligand Pharmaceuticals Com New (LGND) 0.1 $113k NEW 355.00 319.55
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Ast Spacemobile Com Cl A (ASTS) 0.1 $112k +312% 1.3k 85.13
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Barrett Business Services (BBSI) 0.1 $109k +17% 2.9k 37.91
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J P Morgan Exchange Traded F Activebldrs Emer (JEMA) 0.1 $107k 1.7k 61.36
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Lantheus Holdings Inc Common Stock Usd 0.01 (LNTH) 0.1 $106k 960.00 109.89
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Lam Research Corp Com New (LRCX) 0.1 $105k 300.00 351.41
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Ishares Core Msci Emkt (IEMG) 0.1 $101k 1.3k 79.84
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Eaton Corp SHS (ETN) 0.1 $100k -19% 250.00 398.52
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Lockheed Martin Corporation (LMT) 0.1 $97k -4% 177.00 545.91
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Motorcar Parts of America (MPAA) 0.1 $96k 6.6k 14.67
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Matthews Intl Corp Cl A (MATW) 0.1 $93k +7% 3.5k 26.69
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Powerfleet (AIOT) 0.1 $92k NEW 21k 4.37
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Ishares Tr Core S&p Scp Etf (IJR) 0.1 $87k 593.00 146.48
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Pacer Fds Tr Globl Cash Etf (GCOW) 0.1 $85k +5% 1.9k 44.04
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Space Exploration Techn Corp Class A Com Stk (SPCX) 0.1 $85k NEW 525.00 162.00
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D-wave Quantum (QBTS) 0.1 $85k +25% 3.8k 22.53
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Asure Software (ASUR) 0.1 $84k 10k 8.19
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Arthur J. Gallagher & Co. (AJG) 0.1 $76k 300.00 252.44
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Zscaler Incorporated (ZS) 0.1 $74k -25% 500.00 147.33
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Ford Motor Company (F) 0.1 $73k 5.5k 13.36
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Ionis Pharmaceuticals (IONS) 0.1 $70k NEW 850.00 81.80
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Johnson & Johnson (JNJ) 0.1 $68k 260.00 263.04
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Constellation Energy (CEG) 0.1 $67k -31% 280.00 239.25
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Acnb Corp (ACNB) 0.1 $64k 1.1k 60.25
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Palantir Technologies Cl A (PLTR) 0.1 $64k +25% 492.00 129.30
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Ishares Tr Core Div Grwth (DGRO) 0.1 $62k 800.00 77.26
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J P Morgan Exchange Traded F Internl Gwt (JIG) 0.1 $61k 720.00 85.20
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J P Morgan Exchange Traded F Jpmorgan Intl Vl (JIVE) 0.1 $61k 664.00 92.26
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Astera Labs (ALAB) 0.1 $61k NEW 150.00 406.42
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BP Sponsored Adr (BP) 0.1 $60k 1.6k 37.40
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Tema Etf Trust Us Manufacturing 0.1 $60k NEW 1.0k 59.53
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Vanguard World Health Car Etf (VHT) 0.1 $60k 193.00 308.41
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salesforce (CRM) 0.1 $59k -49% 353.00 166.11
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Cameco Corporation (CCJ) 0.1 $58k -40% 600.00 96.54
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Cadence Design Systems (CDNS) 0.1 $57k -11% 153.00 373.14
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Chipotle Mexican Grill (CMG) 0.1 $57k -3% 1.6k 35.39
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Alphabet Cap Stk Cl C (GOOG) 0.1 $57k 160.00 356.18
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State Str Spdr S&p Midcap 40 Utser1 S&pdcrp (MDY) 0.1 $57k 82.00 693.70
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First American Financial (FAF) 0.1 $57k +23% 815.00 69.48
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Entegris (ENTG) 0.1 $56k -6% 379.00 146.66
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Select Sector Spdr Tr St Str Care Etf (XLV) 0.1 $54k 330.00 163.74
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Ishares Tr Core S&p Mcp Etf (IJH) 0.1 $54k 710.00 76.09
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Pinnacle Finl Partners (PNFP) 0.1 $53k NEW 529.00 99.50
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Astronics Corporation (ATRO) 0.1 $52k -25% 738.00 70.83
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Information Services (III) 0.1 $51k NEW 13k 4.11
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Iren Ordinary Shares (IREN) 0.1 $51k NEW 1.3k 38.82
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Hometrust Bancshares (HTB) 0.1 $50k 1.0k 49.43
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Vanguard World Inf Tech Etf (VGT) 0.1 $48k +700% 416.00 114.64
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Lakeland Industries (LAKE) 0.1 $46k NEW 3.7k 12.36
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Smartfinancial Com New (SMBK) 0.1 $46k 970.00 47.34
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Vanguard Specialized Funds Div App Etf (VIG) 0.1 $46k 191.00 238.62
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Air Products & Chemicals (APD) 0.1 $44k -13% 141.00 314.19
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Vanguard World Energy Etf (VDE) 0.1 $44k 289.00 150.44
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Oracle Corporation (ORCL) 0.0 $42k NEW 300.00 140.27
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General Dynamics Corporation (GD) 0.0 $41k 109.00 373.54
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Occidental Petroleum Corporation (OXY) 0.0 $40k +5% 824.00 48.91
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Blackrock (BLK) 0.0 $40k 40.00 995.73
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Alps Etf Tr Electrification (ELFY) 0.0 $39k +20% 900.00 42.98
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Target Corporation (TGT) 0.0 $37k -6% 284.00 130.21
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Vanguard World Financials Etf (VFH) 0.0 $37k 268.00 136.18
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Cummins (CMI) 0.0 $35k 53.00 661.70
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Tronox Holdings SHS (TROX) 0.0 $35k NEW 5.6k 6.21
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Vanguard Index Fds Large Cap Etf (VV) 0.0 $34k 100.00 342.96
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Vanguard World Comm Srvc Etf (VOX) 0.0 $34k 182.00 187.85
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Rigetti Computing Common Stock (RGTI) 0.0 $32k +28% 1.8k 17.94
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Lyondellbasell Industries Nv Shs - A - (LYB) 0.0 $32k 605.00 53.36
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Vanguard Index Fds Mid Cap Etf (VO) 0.0 $32k +300% 400.00 80.51
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Eagle Materials (EXP) 0.0 $32k -34% 146.00 220.15
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Vanguard World Consum Dis Etf (VCR) 0.0 $32k 80.00 395.55
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Ishares Bitcoin Trust Etf Shs Ben Int (IBIT) 0.0 $31k 900.00 34.87
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Verizon Communications (VZ) 0.0 $31k 722.00 42.56
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Teradyne (TER) 0.0 $30k NEW 80.00 369.09
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Pioneer Bancorp (PBFS) 0.0 $29k 1.7k 17.29
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Fb Finl (FBK) 0.0 $29k 520.00 55.90
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Medtronic SHS (MDT) 0.0 $29k +7% 347.00 83.19
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Aersale Corp (ASLE) 0.0 $28k NEW 4.2k 6.57
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Nextera Energy (NEE) 0.0 $27k 300.00 88.34
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Fortinet (FTNT) 0.0 $26k 168.00 156.25
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Snowflake Com Shs (SNOW) 0.0 $26k -13% 100.00 260.15
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Pacer Fds Tr Data & Digi Revo (TRFK) 0.0 $26k +60% 265.00 96.62
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Nasdaq Omx (NDAQ) 0.0 $25k 300.00 84.66
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Ge Aerospace Com New (GE) 0.0 $25k NEW 66.00 377.52
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Blue Owl Capital Com Cl A (OWL) 0.0 $24k -68% 2.7k 9.04
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M&T Bank Corporation (MTB) 0.0 $24k 100.00 238.88
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Vanguard Index Fds S&p 500 Etf Shs (VOO) 0.0 $23k -37% 34.00 684.85
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Bar Harbor Bankshares (BHB) 0.0 $23k 610.00 37.66
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Walt Disney Company (DIS) 0.0 $23k -65% 226.00 99.50
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Bristol Myers Squibb (BMY) 0.0 $22k 376.00 58.13
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Chubb (CB) 0.0 $22k 60.00 361.17
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J P Morgan Exchange Traded F Us Qualty Fctr (JQUA) 0.0 $22k 300.00 71.98
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Ionq Inc Pipe (IONQ) 0.0 $21k +22% 430.00 49.12
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State Str Spdr Dow Jones Ind Ut Ser 1 (DIA) 0.0 $21k 40.00 527.88
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Fiserv (FISV) 0.0 $21k 395.00 52.33
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Corning Incorporated (GLW) 0.0 $20k NEW 100.00 196.79
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Autodesk (ADSK) 0.0 $19k 89.00 207.48
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Copart (CPRT) 0.0 $18k 612.00 30.01
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Take-Two Interactive Software (TTWO) 0.0 $18k 70.00 254.99
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Nano Nuclear Energy (NNE) 0.0 $18k -10% 880.00 20.03
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Alps Etf Tr Disruptive Tech (DTEC) 0.0 $17k 352.00 49.09
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Montrose Environmental Group (ONT) 0.0 $17k NEW 815.00 20.92
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Delcath Sys Com New (DCTH) 0.0 $17k -93% 1.3k 13.20
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Raytheon Technologies Corp (RTX) 0.0 $15k 75.00 199.25
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Cintas Corporation (CTAS) 0.0 $15k 80.00 181.38
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Astrazeneca Ord (AZN) 0.0 $14k NEW 71.00 195.15
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Danaher Corporation (DHR) 0.0 $14k -51% 70.00 197.93
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Cdw (CDW) 0.0 $13k 99.00 133.37
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Lumentum Hldgs (LITE) 0.0 $13k NEW 18.00 728.33
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Delta Air Lines Com New (DAL) 0.0 $13k 140.00 92.75
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Prudential Financial (PRU) 0.0 $13k 113.00 112.95
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Pepsi (PEP) 0.0 $13k -60% 88.00 144.22
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Verra Mobility Corp Cl A Com Stk (VRRM) 0.0 $12k NEW 2.8k 4.30
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Edwards Lifesciences (EW) 0.0 $12k -75% 128.00 94.37
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Roper Industries (ROP) 0.0 $12k -77% 33.00 364.21
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Nike CL B (NKE) 0.0 $12k 271.00 44.09
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Starbucks Corporation (SBUX) 0.0 $12k -37% 114.00 104.27
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SYSCO Corporation (SYY) 0.0 $12k -70% 139.00 84.83
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Kimberly-Clark Corporation (KMB) 0.0 $12k 100.00 114.72
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Columbia Etf Tr I Select Technolo (SEMI) 0.0 $11k NEW 300.00 37.93
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Union Pacific Corporation (UNP) 0.0 $11k 39.00 282.26
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Build-A-Bear Workshop (BBW) 0.0 $9.9k 313.00 31.50
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Enbridge (ENB) 0.0 $9.5k 176.00 54.08
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Andersons (ANDE) 0.0 $9.3k 141.00 66.30
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United Bankshares (UBSI) 0.0 $9.3k 200.00 46.38
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Crocs (CROX) 0.0 $8.8k 70.00 125.29
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Adobe Systems Incorporated (ADBE) 0.0 $8.3k -7% 38.00 219.71
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Qxo Com New (QXO) 0.0 $8.1k 500.00 16.21
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Prologis (PLD) 0.0 $8.1k 58.00 139.43
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Hp (HPQ) 0.0 $7.4k 339.00 21.93
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Unilever Spon Adr New (UL) 0.0 $7.3k NEW 117.00 62.48
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AES Corporation (AES) 0.0 $7.3k 500.00 14.58
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Rh (RH) 0.0 $6.8k 40.00 169.07
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Novo-nordisk A S Adr (NVO) 0.0 $6.6k -17% 131.00 50.43
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Regions Financial Corporation (RF) 0.0 $6.1k 200.00 30.28
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Asml Hldg Nv N Y Registry Shs (ASML) 0.0 $5.3k 3.00 1769.33
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Etsy (ETSY) 0.0 $5.1k 66.00 76.97
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Zimmer Holdings (ZBH) 0.0 $4.8k 55.00 87.47
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Accenture Plc Ireland Shs Class A (ACN) 0.0 $4.7k 34.00 137.35
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Emerson Electric (EMR) 0.0 $4.2k 30.00 139.07
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Uipath Cl A (PATH) 0.0 $4.1k NEW 346.00 11.71
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UnitedHealth (UNH) 0.0 $3.8k 9.00 425.33
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Linde SHS (LIN) 0.0 $3.8k 7.00 546.57
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CVS Caremark Corporation (CVS) 0.0 $3.6k 34.00 104.71
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United Parcel Svcs CL B (UPS) 0.0 $3.4k -31% 31.00 110.65
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Fuelcell Energy Com New (FCEL) 0.0 $3.4k NEW 121.00 28.11
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Automatic Data Processing (ADP) 0.0 $3.4k 14.00 242.29
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Alnylam Pharmaceuticals (ALNY) 0.0 $3.1k 10.00 312.80
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Oneok (OKE) 0.0 $3.1k 35.00 87.83
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Solventum Corp Com Shs (SOLV) 0.0 $3.1k 39.00 78.28
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Illinois Tool Works (ITW) 0.0 $3.0k 11.00 272.73
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Airbnb Com Cl A (ABNB) 0.0 $3.0k -56% 20.00 148.95
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Ishares Tr Rus 1000 Grw Etf (IWF) 0.0 $2.9k NEW 24.00 121.17
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American Tower Reit (AMT) 0.0 $2.7k 16.00 166.00
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Oklo Com Cl A (OKLO) 0.0 $2.6k 50.00 52.36
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Dow (DOW) 0.0 $2.6k 94.00 27.71
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Abbott Laboratories (ABT) 0.0 $2.5k 26.00 95.38
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Centrus Energy Corp Cl A (LEU) 0.0 $2.4k 15.00 162.13
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Niocorp Devs Com New (NB) 0.0 $2.4k NEW 500.00 4.74
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Vanguard Admiral Fds 500 Val Idx Fd (VOOV) 0.0 $2.2k 10.00 222.30
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Nuscale Pwr Corp Cl A Com (SMR) 0.0 $2.0k -80% 200.00 9.76
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Ishares Silver Tr Ishares (SLV) 0.0 $1.7k 30.00 55.03
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Datadog Cl A Com (DDOG) 0.0 $1.6k -82% 6.00 260.33
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Kohl's Corporation (KSS) 0.0 $1.3k NEW 72.00 18.08
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Select Sector Spdr Tr St Str Techn Etf (XLK) 0.0 $1.1k +100% 6.00 180.67
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Select Sector Spdr Tr St Str Svc Etf (XLC) 0.0 $986.000400 +200% 9.00 109.56
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Canopy Growth Corporation Com New (CGC) 0.0 $900.000000 900.00 1.00
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Redcloud Hldgs SHS (RCT) 0.0 $358.950000 NEW 1.5k 0.24
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Past Filings by Tripletail Wealth Management

SEC 13F filings are viewable for Tripletail Wealth Management going back to 2025