Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +0.6%
S&P 500 total return (same window) +37.0%
Excess return -36.4%

Annualized: +0.5% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.3% · Options excluded: 0.0%

Sector breakdown

04
Health Care 27.2%
Technology 26.6%
Financials 22.6%
Industrials 16.3%
Communication Services 3.9%
Consumer Discretionary 1.9%
Retail 1.4%
Other/Unmapped 0.2%

Full portfolio 48 positions

05
Type Streak 8Q trend
FTNT Fortinet, Inc. - Common Stock $32,437,017 13.96% 211,151 $4,821,868 Down ×3
EW Edwards Lifesciences Corporation Common Stock $30,829,311 13.27% 340,806 $2,634,985 Down ×4
ICE Intercontinental Exchange Inc. Common Stock $28,338,198 12.20% 230,186 $-2,391,955 Up ×1
PTC PTC Inc. - Common Stock $20,234,168 8.71% 178,102 $-28,337 Up ×1
RYAN Ryan Specialty Holdings, Inc. Class A Common Stock $13,047,062 5.62% 345,526 $9,431,517 Up ×1
APG APi Group Corporation Common Stock $6,915,543 2.98% 163,295 $729,557 Up ×1
HALO Halozyme Therapeutics, Inc. - Common Stock $6,869,680 2.96% 87,769 $945,500 Down ×6
FERG Ferguson Enterprises Inc. Common Stock $6,470,328 2.78% 27,263 $-337,832 Down ×6
HUBB Hubbell Inc Common Stock $6,456,811 2.78% 12,341 $108,598 Down ×1
DXCM DexCom, Inc. - Common Stock $5,461,748 2.35% 81,095 $-188,996 Down ×1
NYT New York Times Company (The) Common Stock $4,599,016 1.98% 65,719 $-3,370,238 Down ×2
CSL Carlisle Companies Incorporated Common Stock $4,209,351 1.81% 11,604 $1,395,266 Up ×1
IQV IQVIA Holdings, Inc. Common Stock $3,659,587 1.58% 18,940 $-33,627 Down ×6
RMD ResMed Inc. Common Stock $3,249,234 1.40% 16,673 $-10,840,029 Down ×3
CCC CCC Intelligent Solutions Holdings Inc. - Common Stock $3,047,898 1.31% 590,678 $-576,276 Down ×5
KEYS Keysight Technologies Inc. Common Stock $2,886,677 1.24% 8,246 $-799,381 Down ×5
PCOR Procore Technologies, Inc. Common Stock $2,851,199 1.23% 70,192 $-1,582,717 Down ×1
NBIX Neurocrine Biosciences, Inc. - Common Stock $2,825,152 1.22% 16,763 $1,461,511 Up ×1
DSGX The Descartes Systems Group Inc. - Common Stock $2,790,642 1.20% 40,344 $-995,772 Down ×1
WSO Watsco, Inc. Common Stock $2,716,663 1.17% 6,519 $1,551,444 Up ×1
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $2,708,541 1.17% 28,469 $-559,543 Down ×1
AXP American Express Company Common Stock $2,654,586 1.14% 7,848 $-595,562 Down ×6
A Agilent Technologies, Inc. Common Stock $2,560,962 1.10% 19,280 $-701,716 Down ×1
SARO StandardAero, Inc. Common Stock $2,474,335 1.06% 82,726 Up ×1
DPZ Domino's Pizza Inc - Common Stock $2,097,739 0.90% 7,086 $-1,091,904 Down ×6
TW Tradeweb Markets Inc. - Class A Common Stock $2,088,375 0.90% 20,955 $749,640 Up ×1
WCN Waste Connections, Inc. Common Shares $1,990,279 0.86% 11,940 $371,402 Up ×1
AON Aon plc Class A Ordinary Shares (Ireland) $1,761,606 0.76% 5,311 $-1,554,959 Down ×2
TECH Bio-Techne Corp - Common Stock $1,738,908 0.75% 24,613 $-7,203 Down ×5
GLBE Global-E Online Ltd. - ordinary shares $1,721,045 0.74% 49,555 $-675,044 Down ×1
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares) $1,708,694 0.74% 370,389 $-450,620 Down ×1
RBA RB Global, Inc. Common Stock $1,695,861 0.73% 14,563 $-870,810 Down ×1
LYV Live Nation Entertainment, Inc. Common Stock $1,657,512 0.71% 9,052 $-1,660,801 Down ×4
RBC RBC Bearings Incorporated Common Stock $1,628,184 0.70% 2,528 $-1,708,745 Down ×4
KNSL Kinsale Capital Group, Inc. Common Stock $1,597,270 0.69% 4,843 $-2,654,005 Down ×6
SNEX StoneX Group Inc. - Common Stock $1,565,978 0.67% 13,215 $-2,017,705 Down ×1
ALC Alcon Inc. Ordinary Shares $1,541,504 0.66% 22,812 $-609,194 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $1,480,165 0.64% 3,722 $-1,458,185 Down ×3
SCI Service Corporation International Common Stock $1,461,243 0.63% 19,237 $-1,166,701 Down ×3
MELI MercadoLibre, Inc. - Common Stock $1,420,715 0.61% 837 $99,744 Up ×1
PLNT Planet Fitness, Inc. Common Stock $849,484 0.37% 16,283 $-4,302,075 Down ×5
VEEV Veeva Systems Inc. Class A Common Stock $744,842 0.32% 4,197 $-338,278 Down ×2
LPLA LPL Financial Holdings Inc. - Common Stock $710,960 0.31% 2,524 $-2,644,197 Down ×1
BAM Brookfield Asset Management Inc Class A Limited Voting Shares $646,952 0.28% 14,441 $-351,210 Down ×3
Unknown issuer (CUSIP: 866966104) $551,948 0.24% 7,378 Up ×1
LH Labcorp Holdings Inc. Common Stock $509,040 0.22% 1,818 $-1,178,000 Down ×6
DLB Dolby Laboratories Common Stock $450,716 0.19% 8,572 $-1,140,694 Down ×4
EXLS ExlService Holdings, Inc. - Common Stock $433,233 0.19% 16,753 $-664,550 Down ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
SARO $2,474,335 82,726 1.06%
Unknown issuer (CUSIP: 866966104) $551,948 7,378 0.24%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
RMD Trimmed -46K -$10.8M
RYAN Bought more +238K +$9.4M
FTNT Trimmed -127K +$4.8M
NYT Trimmed -29K -$3.4M
KNSL Trimmed -8K -$2.7M
LPLA Trimmed -9K -$2.6M
EW Trimmed -11K +$2.6M
ICE Bought more +35K -$2.4M
SNEX Trimmed -31K -$2.0M
RBC Trimmed -4K -$1.7M

1 position hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
ARES June 30, 2025 61,299 $8,987,046 -32.1%
ADSK March 31, 2026 24,902 $7,371,241 -11.4%
CSGP March 31, 2026 108,267 $7,279,873 -32.1%
ANSS Sept. 30, 2025 19,865 $6,976,985 No longer tracked
INTU June 30, 2025 11,334 $6,958,963 -64.3%
TER June 30, 2025 83,979 $6,936,665 399.4%
BRO Dec. 31, 2025 70,685 $6,629,546 -24.8%
WSO Sept. 30, 2025 15,000 $6,624,300 -26.4%
MSCI Dec. 31, 2025 11,428 $6,484,361 -6.6%
NVT Dec. 31, 2025 56,178 $5,541,398 66.3%
BLD Sept. 30, 2025 16,912 $5,475,091 No longer tracked
A June 30, 2025 45,351 $5,305,160 42.2%
KLAC March 31, 2026 3,810 $4,629,455 -85.9%
COO Dec. 31, 2025 64,156 $4,398,535 -30.6%
HOLX Dec. 31, 2025 63,554 $4,289,259 No longer tracked
LNTH Sept. 30, 2025 49,079 $4,017,607 94.9%
WSC June 30, 2025 139,620 $3,881,436 -36.9%
MANH Dec. 31, 2025 18,677 $3,828,411 17.8%
POOL Dec. 31, 2025 11,971 $3,711,848 -29.4%
ADI June 30, 2025 16,167 $3,260,399 75.3%
GLBE Sept. 30, 2025 87,696 $2,941,324 9.9%
PAYC Dec. 31, 2025 14,113 $2,937,480 38.7%
H Dec. 31, 2025 19,053 $2,704,192 -0.9%
ENTG Dec. 31, 2025 28,053 $2,593,780 97.6%
SNPS Dec. 31, 2025 4,910 $2,422,545 4.3%
TYL March 31, 2026 5,195 $2,358,270 -5.7%
CERT Dec. 31, 2025 184,198 $2,250,900 6.2%
OS March 31, 2026 121,825 $2,239,144 No longer tracked
RVTY Sept. 30, 2025 21,421 $2,071,839 72.9%
ALGN Dec. 31, 2025 15,948 $1,997,009 -7.9%
IT March 31, 2026 7,808 $1,969,802 16.7%
VERX Dec. 31, 2025 63,266 $1,568,364 -39.9%
RLI Dec. 31, 2025 21,837 $1,424,209 -12.6%
ASGN June 30, 2026 17,939 $694,419 No longer tracked