Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +15.1%
S&P 500 total return (same window) +37.0%
Excess return -21.9%

Annualized: +11.9% · 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: 97.1% · Options excluded: 0.0%

Sector breakdown

04
Industrials 47.2%
Retail 25.2%
Communication Services 12.3%
Consumer products 8.3%
Financials 3.4%
Healthcare 0.1%
Other/Unmapped 3.4%

Full portfolio 11 positions

05
Type Streak 8Q trend
LOAR Loar Holdings Inc. Common Stock $2,583,569,846 47.15% 32,050,240 $747,411,596
LAD Lithia Motors, Inc. Common Stock $723,475,222 13.20% 2,490,534 $101,539,072
GOOGL Alphabet Inc. - Class A Common Stock $489,773,798 8.94% 1,370,495 $-46,746,448 Down ×3
SGI Somnigroup International Inc. Common Stock $454,624,038 8.30% 5,798,776 $25,978,516
ABG Asbury Automotive Group Inc Common Stock $433,426,331 7.91% 2,155,492 $12,221,639
CPNG Coupang, Inc. Class A Common Stock $226,122,035 4.13% 13,017,964 $-19,657,125
WTW Willis Towers Watson Public Limited Company - Ordinary Shares $188,390,007 3.44% 720,779 $-21,140,448
UHALB CUSIP: 023586506 $187,609,761 3.42% 3,251,469 $42,366,641
META Meta Platforms, Inc. - Class A Common Stock $183,156,560 3.34% 325,155 $-2,874,370
NUVB Nuvation Bio Inc. Class A Common Stock $7,216,463 0.13% 1,270,504 $1,766,001
UHAL U-Haul Holding Company Common Stock $2,382,081 0.04% 36,401 $642,841

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
LOAR Price move only +0 +$747.4M
LAD Price move only +0 +$101.5M
GOOGL Trimmed -495K -$46.7M
UHALB Price move only +0 +$42.4M
SGI Price move only +0 +$26.0M
WTW Price move only +0 -$21.1M
CPNG Price move only +0 -$19.7M
ABG Price move only +0 +$12.2M
META Price move only +0 -$2.9M
NUVB Price move only +0 +$1.8M

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
ET March 31, 2026 6,115,417 $100,843,226 No longer tracked
CTLP June 30, 2025 7,180,000 $56,506,600 No longer tracked
CRCL Dec. 31, 2025 275,000 $36,459,500 7.9%