Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +27.7%
S&P 500 total return (same window) +37.0%
Excess return -9.3%

Annualized: +21.6% · 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: 96.1% · Options excluded: 0.0%

Sector breakdown

04
Healthcare 17.5%
Energy 16.7%
Financials 13.1%
Consumer Staples 8.9%
Communication Services 6.9%
Industrials 6.3%
Utilities 5.9%
Materials 5.6%
Consumer products 4.3%
Technology 4.1%
Consumer Discretionary 3.4%
Retail 2.8%
Other/Unmapped 4.4%

Full portfolio 129 positions

05
Type Streak 8Q trend
ABBV AbbVie Inc. Common Stock $6,601,503 3.15% 26,234 $2,055,110 Up ×3
OC Owens Corning Inc Common Stock New $6,210,090 2.96% 39,067 $4,035,409 Up ×3
CVX Chevron Corporation Common Stock $5,810,959 2.77% 35,056 $-1,336,497 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $5,310,648 2.53% 41,328 $395,599 Up ×1
KMB Kimberly-Clark Corporation - Common Stock $5,263,691 2.51% 47,952 $1,126,864 Up ×3
BG Bunge Limited Common Shares $5,161,143 2.46% 48,357 $-1,235,363 Down ×4
JNJ Johnson & Johnson Common Stock $5,006,770 2.39% 19,714 $220,141 Up ×1
ADM Archer-Daniels-Midland Company Common Stock $4,665,842 2.23% 61,071 $9,595 Down ×2
AMGN Amgen Inc. - Common Stock $4,564,160 2.18% 12,604 $182,220 Up ×1
BAC Bank of America Corporation Common Stock $4,480,622 2.14% 78,635 $644,241 Down ×2
CI The Cigna Group Common Stock $4,313,014 2.06% 15,645 $1,593,498 Up ×3
AAPL Apple Inc. - Common Stock $4,273,500 2.04% 14,769 $530,148 Up ×1
KR Kroger Company (The) Common Stock $4,245,546 2.03% 76,455 $291,072 Up ×3
OKE ONEOK, Inc. Common Stock $4,230,500 2.02% 48,660 $-92,402 Up ×4
SLB SLB Limited Common Shares $4,032,543 1.92% 86,740 $-411,407 Up ×3
STT State Street Corporation Common Stock $3,916,912 1.87% 23,095 $-1,039,810 Down ×4
NVS Novartis AG Common Stock $3,892,611 1.86% 24,838 $161,998 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $3,848,342 1.84% 32,763 $-280,067 Down ×2
CB Chubb Limited Common Stock $3,844,910 1.84% 11,284 $269,784 Up ×1
EXE Expand Energy Corporation - Common Stock $3,819,037 1.82% 41,880 $-626,504 Up ×4
KMI Kinder Morgan, Inc. Common Stock $3,719,493 1.78% 116,343 $-110,748 Up ×4
ABNB Airbnb, Inc. - Class A Common Stock $3,714,017 1.77% 25,954 $436,546
PNC PNC Financial Services Group, Inc. (The) Common Stock $3,696,993 1.76% 15,015 $475,760 Down ×2
TSN Tyson Foods, Inc. Common Stock $3,681,748 1.76% 64,310 $-360,428 Up ×3
C Citigroup, Inc. Common Stock $3,673,950 1.75% 26,250 $-974,726 Down ×4
B Barrick Mining Corporation Common Shares $3,563,728 1.70% 97,025 $495,096 Up ×1
DVN Devon Energy Corporation Common Stock $3,548,272 1.69% 85,873 Up ×1
NEM Newmont Corporation $3,519,312 1.68% 37,680 $-366,863 Up ×1
UNM Unum Group Common Stock $3,412,398 1.63% 38,170 $606,951 Down ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $3,364,616 1.61% 55,965 $390,725 Up ×1
SJM The J.M. Smucker Company Common Stock $3,310,875 1.58% 29,430 $798,613 Up ×1
WEC WEC Energy Group, Inc. Common Stock $3,233,945 1.54% 27,695 $-9,352 Down ×1
SO Southern Company (The) Common Stock $3,229,955 1.54% 33,747 $8,377 Up ×3
TM Toyota Motor Corporation Common Stock $3,102,970 1.48% 18,424 $-470,425 Up ×6
DUK Duke Energy Corporation (Holding Company) Common Stock $2,833,629 1.35% 22,386 $-77,962 Up ×1
KT KT Corporation Common Stock $2,692,224 1.29% 155,800 $-691,192 Down ×2
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $2,661,948 1.27% 34,330 $-502,656 Up ×6
MDT Medtronic plc. Ordinary Shares $2,660,993 1.27% 34,015 Up ×1
NUE Nucor Corporation Common Stock $2,623,104 1.25% 11,776 $-1,487,886 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $2,347,525 1.12% 6,644 $384,255 Down ×2
VZ Verizon Communications Inc. Common Stock $2,162,118 1.03% 51,066 $-285,895 Up ×1
TRP TC Energy Corporation Common Stock $2,156,281 1.03% 32,528 $-1,443,845 Down ×2
MSFT Microsoft Corporation - Common Stock $1,894,498 0.90% 5,079 $11,513 Down ×1
LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) $1,826,429 0.87% 34,690 $-951,280 Up ×3
CMCSA Comcast Corporation - Class A Common Stock $1,744,646 0.83% 71,065 $-440,903 Down ×1
MDXG MiMedx Group, Inc - Common Stock $1,739,988 0.83% 451,945 $-45,195
ENB Enbridge Inc Common Stock $1,569,108 0.75% 28,945 $2,838 Up ×5
CAT Caterpillar, Inc. Common Stock $1,512,158 0.72% 1,420 $524,565 Up ×1
XOM Exxon Mobil Corporation Common Stock $1,425,898 0.68% 10,429 $-343,542
GLW Corning Incorporated Common Stock $1,249,564 0.60% 4,892 $413,348 Down ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,166,409 0.56% 2,331 $49,394
JPM JP Morgan Chase & Co. Common Stock $1,091,315 0.52% 3,334 $127,061 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $1,062,278 0.51% 4,277 $-132,074
WTRG Essential Utilities, Inc. Common Stock $1,006,097 0.48% 26,262 $-51,474
GOOGL Alphabet Inc. - Class A Common Stock $885,920 0.42% 2,479 $206,703 Up ×1
AMZN Amazon.com, Inc. - Common Stock $873,993 0.42% 3,667 $128,803 Up ×2
VTV Vanguard Morningstar Value ETF $852,542 0.41% 3,912 $85,008
HESM Hess Midstream LP Class A Representing Limited Partner Interests $808,400 0.39% 21,500 $-27,305
T AT&T Inc. $758,989 0.36% 36,666 $-267,725 Up ×1
IJJ iShares Trust $755,491 0.36% 5,114 $77,886
SYK Stryker Corporation Common Stock $708,390 0.34% 2,250 $-30,938
PEP PepsiCo, Inc. - Common Stock $688,374 0.33% 5,084 $-108,730 Down ×2
DELL Dell Technologies Inc. Class C Common Stock $642,875 0.31% 1,490 $344,979 Down ×3
SXI Standex International Corporation Common Stock $620,557 0.30% 1,735 $172,003 Down ×5
VTI Vanguard Morningstar Total Stock Market ETF $620,467 0.30% 1,677 $173,015 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $589,184 0.28% 5,050 $-149,530
KO Coca-Cola Company (The) Common Stock $580,187 0.28% 7,139 $41,677 Up ×2
VEA Vanguard FTSE Developed Markets ETF $546,345 0.26% 7,668 $-169,300 Down ×2
ABT Abbott Laboratories Common Stock $541,164 0.26% 5,964 $-50,615 Up ×1
SOBO South Bow Corporation Common Shares $540,934 0.26% 15,350 $35,136 Up ×3
VGT Vanguard Information Tech ETF $537,840 0.26% 4,500 $68,274 Up ×1
NSC Norfolk Southern Corporation Common Stock $508,692 0.24% 1,617 $44,613
HSY The Hershey Company Common Stock $479,401 0.23% 2,732 $-86,334 Up ×2
IEMG iShares, Inc. $478,401 0.23% 5,775 $110,470 Up ×4
PHYS Sprott Physical Gold Trust ETV $473,669 0.23% 15,700 $-40,211 Up ×1
FDX FedEx Corporation Common Stock $463,432 0.22% 1,480 $-81,523 Down ×2
MA Mastercard Incorporated Common Stock $457,624 0.22% 891 $12,421
AME AMETEK, Inc. $452,428 0.22% 1,870 $51,575
TMO Thermo Fisher Scientific Inc Common Stock $451,224 0.22% 900 $8,847
IVV iShares Trust $434,356 0.21% 580
JCI Johnson Controls International plc Ordinary Share $430,440 0.21% 2,946 $44,661
Unknown issuer (CUSIP: 43849R105) $427,348 0.20% 1,933 Up ×1
Unknown issuer (CUSIP: 438516205) $423,171 0.20% 1,890 Up ×1
CBOE Cboe Global Markets, Inc. Common Stock $410,840 0.20% 1,693 $-81,876 Down ×2
ADI Analog Devices, Inc. - Common Stock $410,240 0.20% 1,033 $81,631
DIVI Franklin Templeton ETF Trust $408,232 0.19% 9,556 $145,048 Up ×1
HUBB Hubbell Inc Common Stock $392,400 0.19% 750 $24,345
PRU Prudential Financial, Inc. Common Stock $379,374 0.18% 3,515 $-7,869 Down ×6
AEP American Electric Power Company, Inc. - Common Stock $366,240 0.17% 2,677 $-44,958 Down ×1
KLAC KLA Corporation - Common Stock $362,052 0.17% 1,200 Up ×1
PG Procter & Gamble Company (The) Common Stock $354,869 0.17% 2,420 $41,434 Up ×3
SCHD SCHWAB STRATEGIC TRUST $342,450 0.16% 10,799 $12,064 Up ×2
RLMD Relmada Therapeutics, Inc. - Common Stock $328,437 0.16% 47,462 $-1,899
STE STERIS plc (Ireland) Ordinary Shares $317,027 0.15% 1,506 $-15,899
EMXC iShares MSCI Emerging Markets ex China ETF $315,084 0.15% 3,080 $75,958 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $307,242 0.15% 2,028 $-16,630
CACI CACI International, Inc. Class A Common Stock $302,509 0.14% 653 $-52,638
UPS United Parcel Service, Inc. Common Stock $300,678 0.14% 2,797 $10,752 Down ×1
NDSN Nordson Corporation - Common Stock $294,148 0.14% 975 $21,170 Down ×3
AFL AFLAC Incorporated Common Stock $291,484 0.14% 2,486 $16,002 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
ABBV $6,601,503 3.15% up ×3
OC $6,210,090 2.96% up ×3
KMB $5,263,691 2.51% up ×3
CI $4,313,014 2.06% up ×3
KR $4,245,546 2.03% up ×3
OKE $4,230,500 2.02% up ×4
SLB $4,032,543 1.92% up ×3
EXE $3,819,037 1.82% up ×4
KMI $3,719,493 1.78% up ×4
TSN $3,681,748 1.76% up ×3
SO $3,229,955 1.54% up ×3
TM $3,102,970 1.48% up ×6
SHEL $2,661,948 1.27% up ×6
LYB $1,826,429 0.87% up ×3
ENB $1,569,108 0.75% up ×5

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
DVN $3,548,272 85,873 1.69%
MDT $2,660,993 34,015 1.27%
IVV $434,356 580 0.21%
Unknown issuer (CUSIP: 43849R105) $427,348 1,933 0.20%
Unknown issuer (CUSIP: 438516205) $423,171 1,890 0.20%
KLAC $362,052 1,200 0.17%
GLD $284,021 771 0.14%
IEFA $229,281 2,374 0.11%
GS $227,558 225 0.11%
DGRO $225,324 2,973 0.11%
AVGO $217,206 575 0.10%
IBM $201,065 715 0.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
OC Bought more +19K +$4.0M
ABBV Bought more +5K +$2.1M
CI Bought more +5K +$1.6M
NUE Trimmed -13K -$1.5M
TRP Trimmed -25K -$1.4M
CVX Bought more +511 -$1.3M
BG Trimmed -2K -$1.2M
KMB Bought more +5K +$1.1M
STT Trimmed -16K -$1.0M
C Trimmed -15K -$975K

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
CTRA June 30, 2026 121,230 $4,260,022 No longer tracked
UL (filed as ULXXXX) Dec. 31, 2025 56,228 $3,333,209 -8.7%
GOLD June 30, 2025 105,925 $2,059,182 90.4%
COP Dec. 31, 2025 14,546 $1,375,906 35.2%
HON June 30, 2026 3,853 $870,894 -4.2%
IWY Dec. 31, 2025 1,340 $366,691
CVS March 31, 2026 4,135 $328,154 20.5%
GDXJ Sept. 30, 2025 4,400 $297,396 13.2%
GS March 31, 2026 315 $276,885 5.9%
BMI March 31, 2026 1,510 $263,359 -17.6%
IVV March 31, 2026 360 $246,578
SCZ Dec. 31, 2025 3,211 $246,348
PAYX Dec. 31, 2025 1,869 $236,914 -11.2%
IBM Sept. 30, 2025 790 $232,876 -21.6%
ABM Dec. 31, 2025 4,868 $224,512 15.6%
GBTC Dec. 31, 2025 2,500 $224,425 -2.0%
MMS Dec. 31, 2025 2,430 $222,029 -37.8%
DRI Dec. 31, 2025 1,141 $217,201 7.3%
IBM March 31, 2026 731 $216,530 -8.7%
MMSI Sept. 30, 2025 2,310 $215,939 4.0%
MASI Dec. 31, 2025 1,462 $215,718 No longer tracked
UFPI June 30, 2025 2,001 $214,187 -22.0%
BDX June 30, 2025 934 $213,942 32.2%
UFPI Dec. 31, 2025 2,287 $213,812 -14.9%
HD Dec. 31, 2025 526 $213,029 -18.1%
AWK Dec. 31, 2025 1,529 $212,822 -1.3%
MKC March 31, 2026 3,103 $211,345 -11.5%
EXC June 30, 2025 4,552 $209,736 -6.4%
EPD June 30, 2025 6,075 $207,401 17.4%
RJF March 31, 2026 1,291 $207,322 9.0%
LOW June 30, 2025 887 $206,875 -19.4%
CL June 30, 2025 2,145 $200,987 -5.7%
MICC March 31, 2026 10,433 $165,363 15.1%
MUFG March 31, 2026 10,000 $158,600 35.2%
MSOS June 30, 2026 10,000 $35,500
VERU (filed as VERUXXXX) Sept. 30, 2025 40,000 $23,272 -33.7%
CHPT (filed as CHPTXXXX) Sept. 30, 2025 27,500 $19,341 -17.3%