ROVIN CAPITAL /UT/ /ADV

Portfolio Overview

ROVIN CAPITAL /UT/ /ADV disclosed 194 positions worth $375.8M in its Form 13F-HR for Q4 2025. During the quarter the fund opened 12 new positions and exited 13. The portfolio is most concentrated in Other (70.6% of disclosed assets). All figures are sourced directly from ROVIN CAPITAL /UT/ /ADV’s Form 13F-HR filing with the SEC under CIK 1059057.

• ISHARES INC

  —

  Quality

  $24.0M357,771 sh

• FIRST TR EXCHNG TRADED FD VI

  —

  Quality

  $21.8M637,496 sh

• SCHWAB STRATEGIC TR

  —

  Quality

  $21.8M668,849 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $13.9M55,087 sh
• 

  DAVITA INC.

  $DVA

  60.1

  Quality

  $13.7M120,562 sh

• VANGUARD SPECIALIZED FUNDS

  —

  Quality

  $13.6M61,783 sh

• SELECT SECTOR SPDR TR

  —

  Quality

  $10.3M71,221 sh
• 

  Apple Inc.

  $AAPL

  76.3

  Quality

  $8.9M32,725 sh

• INVESCO EXCH TRD SLF IDX FD

  —

  Quality

  $7.7M338,307 sh

• ISHARES TR

  —

  Quality

  $7.6M84,919 sh

Company	Quality	Value	Shares
ISHARES INC	—	$24.0M	357,771
FIRST TR EXCHNG TRADED FD VI	—	$21.8M	637,496
SCHWAB STRATEGIC TR	—	$21.8M	668,849
Invesco Ltd.$IVZ	—	$13.9M	55,087
DAVITA INC.$DVA	60.1	$13.7M	120,562
VANGUARD SPECIALIZED FUNDS	—	$13.6M	61,783
SELECT SECTOR SPDR TR	—	$10.3M	71,221
Apple Inc.$AAPL	76.3	$8.9M	32,725
INVESCO EXCH TRD SLF IDX FD	—	$7.7M	338,307
ISHARES TR	—	$7.6M	84,919

Showing top 10 of 194 holdings.

Top Holdings — ROVIN CAPITAL /UT/ /ADV (Q4 2025)

Top 150 of 194 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES INC	$24.0M	6.4%	-48%	—
2	—	FIRST TR EXCHNG TRADED FD VI	$21.8M	5.8%	-50%	—
3	—	SCHWAB STRATEGIC TR	$21.8M	5.8%	-47%	—
4	$IVZ	Invesco Ltd.	$13.9M	3.7%	-46%	—
5	$DVA	DAVITA INC.	$13.7M	3.6%	-50%	60.1
6	—	VANGUARD SPECIALIZED FUNDS	$13.6M	3.6%	-33%	—
7	—	SELECT SECTOR SPDR TR	$10.3M	2.7%	-1%	—
8	$AAPL	Apple Inc.	$8.9M	2.4%	-52%	76.3
9	—	INVESCO EXCH TRD SLF IDX FD	$7.7M	2.0%	-43%	—
10	—	ISHARES TR	$7.6M	2.0%	-59%	—
11	$QQQ	INVESCO QQQ TRUST, SERIES 1	$7.3M	2.0%	-51%	—
12	—	ISHARES TR	$7.0M	1.9%	-30%	—
13	—	INVESCO EXCH TRD SLF IDX FD	$6.9M	1.8%	-25%	—
14	—	ISHARES TR	$6.5M	1.7%	+209%	—
15	—	SCHWAB STRATEGIC TR	$6.1M	1.6%	-50%	—
16	—	ISHARES TR	$5.5M	1.5%	-48%	—
17	—	INVESCO EXCH TRD SLF IDX FD	$5.0M	1.3%	-54%	—
18	—	INNOVATOR ETFS TRUST	$5.0M	1.3%	-49%	—
19	—	ISHARES TR	$4.5M	1.2%	+50%	—
20	—	VANGUARD INDEX FDS	$4.2M	1.1%	-51%	—
21	$NVDA	NVIDIA CORP	$4.1M	1.1%	-44%	85.9
22	—	VANGUARD SCOTTSDALE FDS	$4.0M	1.1%	+109%	—
23	$MSFT	MICROSOFT CORP	$3.9M	1.0%	-50%	79.7
24	—	INNOVATOR ETFS TRUST	$3.8M	1.0%	-50%	—
25	—	ISHARES TR	$3.7M	1.0%	-46%	—
26	—	ISHARES TR	$3.7M	1.0%	-54%	—
27	$IVZ	Invesco Ltd.	$3.6M	0.9%	-49%	—
28	—	PGIM ETF TR	$3.5M	0.9%	-48%	—
29	$SPY	SPDR S&P 500 ETF TRUST	$3.4M	0.9%	-50%	—
30	$GOOG	Alphabet Inc.	$3.3M	0.9%	-55%	78.1
31	—	SCHWAB STRATEGIC TR	$3.2M	0.9%	-45%	—
32	—	INNOVATOR ETFS TRUST	$3.0M	0.8%	-49%	—
33	—	SPDR SERIES TRUST	$2.9M	0.8%	-44%	—
34	—	SELECT SECTOR SPDR TR	$2.9M	0.8%	-47%	—
35	—	J P MORGAN EXCHANGE TRADED F	$2.8M	0.8%	-48%	—
36	$IVZ	Invesco Ltd.	$2.6M	0.7%	-51%	—
37	$AVGO	Broadcom Inc.	$2.6M	0.7%	-38%	84.4
38	—	FIRST TR EXCHNG TRADED FD VI	$2.6M	0.7%	-45%	—
39	—	TCW ETF TRUST	$2.6M	0.7%	-43%	—
40	—	SELECT SECTOR SPDR TR	$2.5M	0.7%	-50%	—
41	$AMZN	AMAZON COM INC	$2.5M	0.7%	-49%	68.4
42	—	SPDR SERIES TRUST	$2.5M	0.7%	-84%	—
43	$IVZ	Invesco Ltd.	$2.3M	0.6%	-52%	—
44	—	VANGUARD INDEX FDS	$2.3M	0.6%	-21%	—
45	—	SELECT SECTOR SPDR TR	$2.2M	0.6%	+12%	—
46	—	VANECK ETF TRUST	$2.0M	0.5%	-49%	—
47	—	ISHARES TR	$1.9M	0.5%	-74%	—
48	$TSLA	Tesla, Inc.	$1.9M	0.5%	-38%	53.6
49	—	ISHARES TR	$1.7M	0.5%	-51%	—
50	—	PIMCO ETF TR	$1.7M	0.5%	+117%	—
51	—	ISHARES TR	$1.7M	0.5%	-46%	—
52	—	EXCHANGE LISTED FDS TR	$1.7M	0.5%	-40%	—
53	—	SELECT SECTOR SPDR TR	$1.6M	0.4%	-49%	—
54	—	DBX ETF TR	$1.6M	0.4%	-48%	—
55	—	TCW ETF TRUST	$1.6M	0.4%	-46%	—
56	$JPM	JPMORGAN CHASE & CO	$1.6M	0.4%	-29%	70.3
57	—	CAPITAL GRP FIXED INCM ETF T	$1.6M	0.4%	-47%	—
58	—	ISHARES TR	$1.5M	0.4%	-46%	—
59	—	PACER FDS TR	$1.5M	0.4%	-45%	—
60	—	ISHARES TR	$1.5M	0.4%	-47%	—
61	—	PGIM ETF TR	$1.4M	0.4%	-35%	—
62	—	SCHWAB STRATEGIC TR	$1.3M	0.4%	-46%	—
63	—	DIREXION SHS ETF TR	$1.3M	0.3%	-58%	—
64	—	ISHARES TR	$1.3M	0.3%	-51%	—
65	—	SPDR INDEX SHS FDS	$1.3M	0.3%	-43%	—
66	$MRK	Merck & Co., Inc.	$1.3M	0.3%	+16%	59.7
67	$UNH	UNITEDHEALTH GROUP INC	$1.2M	0.3%	-28%	62.5
68	$META	Meta Platforms, Inc.	$1.2M	0.3%	-40%	79.6
69	—	MFS ACTIVE EXCHANGE TRADED F	$1.1M	0.3%	NEW	—
70	$GOOGL	Alphabet Inc.	$1.1M	0.3%	-50%	78.1
71	—	DIREXION SHS ETF TR	$1.0M	0.3%	-47%	—
72	$BMY	BRISTOL MYERS SQUIBB CO	$987,000	0.3%	-9%	70.1
73	—	PIMCO ETF TR	$957,000	0.3%	-52%	—
74	$AMGN	AMGEN INC	$940,000	0.3%	-7%	79
75	—	VANECK ETF TRUST	$934,000	0.3%	-48%	—
76	$AMAT	APPLIED MATERIALS INC /DE	$903,000	0.2%	-40%	72.1
77	—	INVESCO EXCH TRD SLF IDX FD	$899,000	0.2%	-41%	—
78	$SHW	SHERWIN WILLIAMS CO	$897,000	0.2%	-51%	60.9
79	—	PROFESIONALLY MANAGED PORTFO	$865,000	0.2%	NEW	—
80	$XOM.R34088	EXXON MOBIL CORP	$861,000	0.2%	+263%	57.7
81	$RTX	RTX Corp	$860,000	0.2%	-50%	73.1
82	$TMO	THERMO FISHER SCIENTIFIC INC.	$843,000	0.2%	-16%	64.9
83	$NXPI	NXP Semiconductors N.V.	$830,000	0.2%	-46%	—
84	$HII	HUNTINGTON INGALLS INDUSTRIES, INC.	$799,000	0.2%	-49%	51.9
85	—	ETF SER SOLUTIONS	$780,000	0.2%	-50%	—
86	—	FIRST TR EXCHNG TRADED FD VI	$777,000	0.2%	-54%	—
87	—	ISHARES TR	$771,000	0.2%	-53%	—
88	$CRM	Salesforce, Inc.	$757,000	0.2%	-41%	76.9
89	$PEP	PEPSICO INC	$748,000	0.2%	-44%	63.2
90	$LLY	ELI LILLY & Co	$743,000	0.2%	-26%	87.5
91	—	SELECT SECTOR SPDR TR	$737,000	0.2%	-64%	—
92	$USB	US BANCORP DE	$722,000	0.2%	-54%	65
93	$TER	TERADYNE, INC	$709,000	0.2%	-67%	77.1
94	—	ISHARES TR	$709,000	0.2%	-89%	—
95	$IVZ	Invesco Ltd.	$707,000	0.2%	-45%	—
96	—	ISHARES TR	$703,000	0.2%	-48%	—
97	$DHR	DANAHER CORP /DE/	$695,000	0.2%	-47%	64.6
98	$EL	ESTEE LAUDER COMPANIES INC	$693,000	0.2%	-53%	51
99	$UPS	UNITED PARCEL SERVICE INC	$686,000	0.2%	-46%	58.5
100	—	ISHARES TR	$680,000	0.2%	-49%	—
101	$V	VISA INC.	$667,000	0.2%	-35%	82.7
102	$A	AGILENT TECHNOLOGIES, INC.	$667,000	0.2%	-46%	66.8
103	$NKE	NIKE, Inc.	$654,000	0.2%	-40%	49
104	$STT	STATE STREET CORP	$649,000	0.2%	-33%	71.2
105	$IVZ	Invesco Ltd.	$648,000	0.2%	-49%	—
106	—	J P MORGAN EXCHANGE TRADED F	$646,000	0.2%	-42%	—
107	$GEHC	GE HealthCare Technologies Inc.	$615,000	0.2%	-46%	55.5
108	$TRU	TransUnion	$614,000	0.2%	-44%	65.3
109	—	ISHARES TR	$612,000	0.2%	-50%	—
110	—	ISHARES TR	$609,000	0.2%	-46%	—
111	—	SPDR SERIES TRUST	$604,000	0.2%	-49%	—
112	$WST	WEST PHARMACEUTICAL SERVICES INC	$602,000	0.2%	-47%	64
113	$GS	GOLDMAN SACHS GROUP INC	$598,000	0.2%	-43%	73.3
114	$ADBE	ADOBE INC.	$593,000	0.2%	-49%	77.8
115	$IEX	IDEX CORP /DE/	$568,000	0.1%	-34%	60.6
116	$BA	BOEING CO	$541,000	0.1%	-57%	61.4
117	$KVUE	Kenvue Inc.	$534,000	0.1%	+20%	60
118	$ZBH	ZIMMER BIOMET HOLDINGS, INC.	$518,000	0.1%	-47%	65.4
119	$MDY	SPDR S&P MIDCAP 400 ETF TRUST	$516,000	0.1%	-51%	—
120	$MDLZ	Mondelez International, Inc.	$516,000	0.1%	+113%	56.2
121	$COST	COSTCO WHOLESALE CORP /NEW	$500,000	0.1%	-46%	65.9
122	$NOC	NORTHROP GRUMMAN CORP /DE/	$499,000	0.1%	-42%	62.7
123	—	DIREXION SHS ETF TR	$496,000	0.1%	-40%	—
124	$KO	COCA COLA CO	$481,000	0.1%	-30%	69.3
125	$CCL	Carnival Corp Ltd.	$477,000	0.1%	-50%	—
126	$WDAY	Workday, Inc.	$467,000	0.1%	NEW	75.4
127	—	FIRST TR EXCHNG TRADED FD VI	$462,000	0.1%	-52%	—
128	—	INVESCO EXCH TRD SLF IDX FD	$452,000	0.1%	-49%	—
129	$DIS	Walt Disney Co	$450,000	0.1%	-66%	59.8
130	$MKTX	MARKETAXESS HOLDINGS INC	$439,000	0.1%	-49%	62.7
131	$MA	Mastercard Inc	$433,000	0.1%	-32%	85
132	$HD	HOME DEPOT, INC.	$431,000	0.1%	-8%	60.1
133	$CAT	CATERPILLAR INC	$430,000	0.1%	-45%	66.3
134	$MMD	NYLI MacKay DefinedTerm Muni Opportunities Fund	$428,000	0.1%	-49%	—
135	$WMT	Walmart Inc.	$418,000	0.1%	-43%	59.9
136	$STZ	CONSTELLATION BRANDS, INC.	$413,000	0.1%	-49%	59.6
137	$ALLE	Allegion plc	$407,000	0.1%	-69%	—
138	$JNJ	JOHNSON & JOHNSON	$402,000	0.1%	-36%	68.8
139	—	INVESCO EXCH TRD SLF IDX FD	$400,000	0.1%	-49%	—
140	—	SELECT SECTOR SPDR TR	$395,000	0.1%	-9%	—
141	$GE	GENERAL ELECTRIC CO	$388,000	0.1%	+74%	73.6
142	$MPWR	MONOLITHIC POWER SYSTEMS, INC.	$385,000	0.1%	-71%	73.1
143	—	ISHARES TR	$378,000	0.1%	-50%	—
144	—	DIREXION SHS ETF TR	$371,000	0.1%	-42%	—
145	$PGR	PROGRESSIVE CORP/OH/	$369,000	0.1%	-53%	80
146	$COR	Cencora, Inc.	$368,000	0.1%	-52%	60.9
147	$BRK.B	BERKSHIRE HATHAWAY INC	$367,000	0.1%	-51%	73.6
148	$SCHW	SCHWAB CHARLES CORP	$362,000	0.1%	-66%	79.3
149	$CSCO	CISCO SYSTEMS, INC.	$358,000	0.1%	-53%	70.1
150	$IVZ	Invesco Ltd.	$357,000	0.1%	-54%	—