D L CARLSON INVESTMENT GROUP INC

The real story is duration, not any single stock

That same discipline shows up with more consequence on the fixed-income side. D L Carlson made a genuine, deliberate shift toward shorter bond duration this quarter: the iShares Intermediate Corporate Bond ETF (IGIB) was cut 37.1% in share terms, a real $4.4 million outflow — the single largest real sale anywhere in the book — while the iShares Short-Term Corporate Bond ETF (IGSB) grew 17.5% (a real $1.8 million buy) and the iShares Intermediate Government/Credit fund (GVI, despite its name a shorter-duration-tilted holding here) grew 8.9% (a real $4.4 million buy, now the portfolio's second-largest position at 9.3%). The broader Aggregate Bond ETF (AGG) was also trimmed 10.3% in real terms. Read together, that's not passive drift — it's an active decision to shorten the bond ladder.