Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +33.9%
S&P 500 total return (same window) +37.0%
Excess return -3.1%

Annualized: +26.3% · 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: 96.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 30.9%
Financials 14.2%
Communication Services 14.0%
Retail 13.3%
Industrials 7.9%
Healthcare 4.9%
Consumer Discretionary 2.7%
Real Estate 2.6%
Energy 2.1%
Utilities 1.8%
Consumer Staples 1.4%
Materials 0.4%
Other/Unmapped 3.6%

Full portfolio 62 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $27,428,090 14.62% 94,788 $3,791,797 Up ×1
NVDA NVIDIA Corporation - Common Stock $21,500,871 11.46% 107,456 $1,949,061 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $20,996,560 11.19% 58,753 $3,752,449 Down ×4
AMZN Amazon.com, Inc. - Common Stock $16,372,766 8.72% 68,695 $1,678,693 Down ×6
JPM JP Morgan Chase & Co. Common Stock $8,018,067 4.27% 24,495 $722,017 Down ×1
V Visa Inc. $7,638,586 4.07% 22,264 $710,916 Down ×6
MSFT Microsoft Corporation - Common Stock $6,709,364 3.58% 17,986 $-58,084 Down ×1
HD Home Depot, Inc. (The) Common Stock $6,296,749 3.36% 17,854 $832,242 Up ×1
BAC Bank of America Corporation Common Stock $5,441,303 2.90% 95,494 $536,957 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $4,783,065 2.55% 13,537 $941,723 Up ×1
AMT American Tower Corporation (REIT) Common Stock $3,710,714 1.98% 22,685 $-69,787 Up ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,659,852 1.95% 7,314 $194,757 Up ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $3,315,926 1.77% 7,978 $998,303 Down ×3
VMC Vulcan Materials Company (Holding Company) Common Stock $3,245,110 1.73% 11,000 $208,965 Down ×5
JNJ Johnson & Johnson Common Stock $3,025,736 1.61% 11,913 $225,676 Up ×1
UPS United Parcel Service, Inc. Common Stock $2,810,091 1.50% 26,140 $145,296 Down ×2
DE Deere & Company Common Stock $2,548,072 1.36% 4,016 $407,967 Up ×1
MCD McDonald's Corporation Common Stock $2,116,798 1.13% 7,831 $-306,121 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $2,018,211 1.08% 4,226 $568,405 Down ×2
COST Costco Wholesale Corporation - Common Stock $1,907,423 1.02% 2,039 $-124,298
CSX CSX Corporation - Common Stock $1,805,253 0.96% 37,981 $207,984 Down ×5
VLO Valero Energy Corporation Common Stock $1,761,356 0.94% 6,763 $60,457 Down ×6
SBIL Simplify Government Money Market ETF $1,688,813 0.90% 16,878 $799,880 Up ×1
LLY Eli Lilly and Company Common Stock $1,610,834 0.86% 1,343 $350,749 Down ×1
TSLA Tesla, Inc. - Common Stock $1,531,405 0.82% 3,641 $153,699 Down ×6
QQQ Invesco QQQ Trust, Series 1 $1,498,031 0.80% 2,034 $312,929 Down ×1
WTS Watts Water Technologies, Inc. Class A Common Stock $1,467,155 0.78% 3,748 $345,474 Down ×4
AMLP ALPS ETF Trust $1,283,209 0.68% 24,748 $-34,817 Down ×2
WM Waste Management, Inc. Common Stock $1,260,401 0.67% 5,655 $-58,149 Down ×2
CVX Chevron Corporation Common Stock $1,239,885 0.66% 7,480 $-341,865 Down ×4
STZ Constellation Brands, Inc. Common Stock $1,145,750 0.61% 8,237 $-107,289 Down ×3
PEP PepsiCo, Inc. - Common Stock $1,137,564 0.61% 8,401 $-210,520 Down ×4
AMGN Amgen Inc. - Common Stock $1,035,289 0.55% 2,858 $29,361
XOM Exxon Mobil Corporation Common Stock $1,020,888 0.54% 7,467 $-241,382 Up ×1
IVV iShares Trust $907,655 0.48% 1,212 $113,352 Down ×1
MAA Mid-America Apartment Communities, Inc. Common Stock $888,104 0.47% 6,392 $152,087 Up ×5
SO Southern Company (The) Common Stock $844,056 0.45% 8,818 $33,385 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $838,353 0.45% 6,623 $-18,387 Up ×2
D Dominion Energy, Inc. Common Stock $833,138 0.44% 12,200 $79,861 Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $817,817 0.44% 5,715 $24,273 Down ×6
NEE NextEra Energy, Inc. Common Stock $796,249 0.42% 9,072 $-40,228 Up ×1
UBER Uber Technologies, Inc. Common Stock $741,733 0.40% 10,279 $122,560 Up ×2
CAT Caterpillar, Inc. Common Stock $737,883 0.39% 692
MAR Marriott International - Class A Common Stock $693,040 0.37% 1,870 $46,215 Down ×1
ONB Old National Bancorp - Common Stock $634,291 0.34% 24,490 $93,062
IBIT iShares Bitcoin Trust ETF $631,611 0.34% 18,973 $-144,896 Down ×1
LIN Linde plc - Ordinary Shares $619,614 0.33% 1,194 $27,677
CB Chubb Limited Common Stock $521,673 0.28% 1,531 $22,674
TTD The Trade Desk, Inc. - Class A Common Stock $513,508 0.27% 28,402 $-638,055 Down ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $503,662 0.27% 498 $40,059 Down ×1
WMT Walmart Inc. - Common Stock $426,877 0.23% 3,769 $86,847 Up ×2
KO Coca-Cola Company (The) Common Stock $369,453 0.20% 4,546 $-50,799 Down ×2
MTBA Simplify Exchange Traded Funds $304,970 0.16% 6,215 $-42,239 Down ×2
IWM iShares Russell 2000 Index Fund $296,845 0.16% 988 $15,365 Down ×1
PLD Prologis, Inc. Common Stock $281,778 0.15% 2,080 $6,844
LH Labcorp Holdings Inc. Common Stock $273,000 0.15% 975 $12,860
MU Micron Technology, Inc. - Common Stock $259,715 0.14% 225 Up ×1
IALT iShares Systematic Alternatives Active ETF $238,201 0.13% 8,492 Up ×1
MA Mastercard Incorporated Common Stock $229,066 0.12% 446 $6,218
APD Air Products and Chemicals, Inc. Common Stock $216,074 0.12% 737 $-6,441 Down ×1
MMM 3M Company Common Stock $204,654 0.11% 1,264 Up ×1
ALIT Alight, Inc. Class A Common Stock $16,828 0.01% 30,050 $-682

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
AMT $3,710,714 1.98% up ×3
BRK-B (filed as BRKB) $3,659,852 1.95% up ×3
MAA $888,104 0.47% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
CAT $737,883 692 0.39%
MU $259,715 225 0.14%
IALT $238,201 8,492 0.13%
MMM $204,654 1,264 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AAPL Bought more +2K +$3.8M
GOOGL Trimmed -1K +$3.8M
NVDA Trimmed -5K +$1.9M
AMZN Trimmed -2K +$1.7M
UNH Trimmed -587 +$998K
GOOG Bought more +146 +$942K
HD Bought more +1K +$832K
SBIL Bought more +8K +$800K
JPM Trimmed -308 +$722K
V Trimmed -657 +$711K

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
CRM March 31, 2026 1,778 $471,010 23.1%
PG March 31, 2026 2,219 $318,005 1.0%
CAT Sept. 30, 2025 692 $268,578 77.8%
AVGO Dec. 31, 2025 812 $267,887 4.7%
DIS June 30, 2025 2,139 $211,119 -16.5%
BINC June 30, 2026 3,986 $206,993
FSLY June 30, 2025 10,200 $64,566 268.4%