Waycross Investment Management Co's Q4 2025 13F: 8 new positions, 3 exits

Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 8, 2026 · 47 reported positions · accession 0001922448-26-000002

What changed this quarter

Waycross Investment Management Co's changes in reported equity positions, Q4 2025
Activity Security Weight before Weight now Change Shares Shares %
New FIRST CTZNS BANCSHARES INC D (FCNCA) — 5.8% +5.8 pts +3,098 sh new
New PACER FDS TR (FLRT) — 3.8% +3.8 pts +91,609 sh new
New WESTERN UN CO (WU) — 0.9% +0.9 pts +107K sh new
Increased SELECT SECTOR SPDR TR (XLU) 4.8% 5.0% +0.1 pts +22,920 sh +21%
Exited BOISE CASCADE CO DEL (BCC) 0.8% — −0.8 pts −10,515 sh −100%
Exited ADOBE INC (ADBE) 0.8% — −0.8 pts −2,210 sh −100%
New ISHARES TR (EEM) — 0.6% +0.6 pts +12,316 sh new
Exited SPDR SERIES TRUST (XNTK) 0.5% — −0.5 pts −1,880 sh −100%
Increased VANGUARD INDEX FDS (VTI) 0.3% 0.7% +0.4 pts +1,568 sh +198%
New VANGUARD STAR FDS (VXUS) — 0.4% +0.4 pts +5,824 sh new
Increased FIRST TR EXCHANGE TRADED FD (GRID) 2.1% 2.1% 0.0 pts +2,161 sh +16%
Increased ISHARES TR (IEFA) 10.9% 9.8% −1.1 pts +2,795 sh +2%
New VANECK ETF TRUST (GDX) — 0.2% +0.2 pts +2,884 sh new
New VANGUARD INDEX FDS (VUG) — 0.2% +0.2 pts +483 sh new
New VANGUARD INDEX FDS (VO) — 0.2% +0.2 pts +771 sh new
Increased APPLE INC (AAPL) 1.3% 1.3% +0.1 pts +674 sh +14%
Increased MICROSOFT CORP (MSFT) 3.8% 3.2% −0.6 pts +300 sh +4%
Reduced SPDR GOLD TR (GLD) 0.4% 0.2% −0.1 pts −342 sh −34%
Increased ISHARES TR (IBTK) 10.2% 8.9% −1.3 pts +5,542 sh +1%
Increased SPDR SERIES TRUST (BIL) 0.9% 0.9% −0.1 pts +996 sh +10%
Increased ISHARES TR (IBTJ) 9.4% 8.2% −1.2 pts +4,114 sh +1%
Increased NEOS ETF TRUST (QQQI) 0.3% 0.3% 0.0 pts +1,222 sh +22%
Increased INVESCO EXCHANGE TRADED FD T (RSP) 0.5% 0.5% 0.0 pts +334 sh +12%
Reduced T-MOBILE US INC (TMUS) 2.0% 1.4% −0.6 pts −314 sh −4%
Increased CISCO SYS INC (CSCO) 1.2% 1.3% 0.0 pts +808 sh +5%
Increased MERCADOLIBRE INC (MELI) 1.3% 1.0% −0.3 pts +22 sh +4%
Reduced DANAHER CORPORATION (DHR) 1.1% 1.0% 0.0 pts −164 sh −3%
Increased INVESCO EXCH TRD SLF IDX FD (BSCV) 6.5% 5.6% −0.9 pts +1,516 sh 0%
Reduced STEEL DYNAMICS INC (STLD) 1.9% 2.0% +0.1 pts −100 sh −1%
Reduced VANGUARD INDEX FDS (VOO) 0.3% 0.3% 0.0 pts −22 sh −4%
Reduced ISHARES TR (SGOV) 1.0% 0.9% −0.1 pts −96 sh −1%
Reduced GRAPHIC PACKAGING HLDG CO (GPK) 0.8% 0.5% −0.3 pts −545 sh −1%
Reduced WALMART INC (WMT) 1.3% 1.2% −0.1 pts −68 sh −1%
Reduced SPDR S&P 500 ETF TR (SPY) 4.0% 3.6% −0.5 pts −11 sh 0%
Reduced DIMENSIONAL ETF TRUST (DUHP) 7.4% 6.4% −1.0 pts −187 sh 0%
Reduced SCHWAB STRATEGIC TR (SCHB) 1.0% 0.9% −0.1 pts −111 sh 0%
Reduced INVESCO EXCH TRD SLF IDX FD (BSCU) 6.6% 5.7% −0.9 pts −139 sh 0%
Increased COSTCO WHSL CORP NEW (COST) 0.9% 0.7% −0.2 pts +1 sh 0%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 62.7% of the equity book

Changes in the top 10 this quarter: FCNCA entered · FLRT entered · MSFT left · GOOG left

# Security Weight before Weight now
1 ISHARES TR (IEFA) 10.9% 9.8%
2 ISHARES TR (IBTK) 10.2% 8.9%
3 ISHARES TR (IBTJ) 9.4% 8.2%
4 DIMENSIONAL ETF TRUST (DUHP) 7.4% 6.4%
5 FIRST CTZNS BANCSHARES INC D (FCNCA) 0.0% 5.8% Entered the top 10
6 INVESCO EXCH TRD SLF IDX FD (BSCU) 6.6% 5.7%
7 INVESCO EXCH TRD SLF IDX FD (BSCV) 6.5% 5.6%
8 SELECT SECTOR SPDR TR (XLU) 4.8% 5.0%
9 PACER FDS TR (FLRT) 0.0% 3.8% Entered the top 10
10 SPDR S&P 500 ETF TR (SPY) 4.0% 3.6%
— MICROSOFT CORP (MSFT) 3.8% 3.2% Left the top 10
— ALPHABET INC (GOOG) 2.9% 3.2% Left the top 10

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).