Vanguard Total Stock Market ETF
target weight3.17%
directionLong
roleAlternate Vehicle
Twentieth weight at 3.17%, down 5.9% - the thesis eased and 
the alignment eased it 0.76 to 0.75 because the small-cap tail it carries 
underperformed for a fourth consecutive window. An unqualified total-market leg remains partially self-cancelling against the short 
iShares Russell 2000 ETF leg in the same basket.
vs 1.1.4-0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
Vanguard Total Stock Market ETF- holding direction
Long- holding role
Alternate Vehicle- serves thesis
Equity melt-up versus building recession risk