Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +28.7%
S&P 500 total return (same window) +37.0%
Excess return -8.3%

Annualized: +22.4% · 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: 98.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 30.2%
Financials 12.0%
Communication Services 10.1%
Industrials 9.8%
Retail 8.9%
Health Care 8.7%
Consumer Discretionary 2.1%
Real Estate 1.4%
Consumer products 1.2%
Utilities 1.2%
Materials 1.2%
Other/Unmapped 13.0%

Full portfolio 113 positions

05
Type Streak 8Q trend
SGOV iShares Trust $37,852,927 8.52% 376,010 $-2,380,574 Down ×4
AAPL Apple Inc. - Common Stock $31,545,679 7.10% 109,019 $2,899,438 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $29,268,961 6.59% 81,901 $2,511,790 Down ×1
NVDA NVIDIA Corporation - Common Stock $29,067,147 6.54% 145,270 $2,903,438 Down ×1
MSFT Microsoft Corporation - Common Stock $18,597,659 4.19% 49,857 $-40,401 Down ×1
SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF $12,981,981 2.92% 457,273 $-329,844 Down ×3
AMZN Amazon.com, Inc. - Common Stock $11,783,768 2.65% 49,441 $1,510,225 Up ×4
AVGO Broadcom Inc. - Common Stock $10,870,890 2.45% 28,778 $2,214,823 Up ×4
MU Micron Technology, Inc. - Common Stock $8,892,651 2.00% 7,704 $6,234,863 Down ×1
JPM JP Morgan Chase & Co. Common Stock $8,850,022 1.99% 27,037 $-769,305 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $7,452,485 1.68% 63,447 $2,578,591 Up ×4
AMAT Applied Materials, Inc. - Common Stock $7,181,559 1.62% 9,933 $3,847,739 Up ×4
GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) $7,103,487 1.60% 135,511 $303,968 Up ×2
HD Home Depot, Inc. (The) Common Stock $6,812,367 1.53% 19,316 $438,807 Down ×1
INTC Intel Corporation - Common Stock $6,287,400 1.42% 45,029 $4,162,231 Down ×1
TRV The Travelers Companies, Inc. Common Stock $5,621,614 1.27% 17,029 $499,713 Down ×1
LEA Lear Corporation Common Stock $5,586,147 1.26% 41,669 $570,286 Up ×2
LLY Eli Lilly and Company Common Stock $5,333,866 1.20% 4,447 $1,207,777 Down ×1
MFC Manulife Financial Corporation Common Stock $4,973,697 1.12% 122,777 $489,057 Down ×1
AMAL Amalgamated Financial Corp. - Common Stock $4,878,987 1.10% 106,296 $973,679 Up ×2
ITW Illinois Tool Works Inc. Common Stock $4,833,570 1.09% 17,871 $1,606,494 Up ×2
NVS Novartis AG Common Stock $4,543,157 1.02% 28,989 $417,532 Up ×2
KR Kroger Company (The) Common Stock $4,525,751 1.02% 81,501 $-1,460,086 Down ×1
WM Waste Management, Inc. Common Stock $4,489,918 1.01% 20,145 $841,771 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $4,474,672 1.01% 10,371 $2,925,613 Up ×1
STT State Street Corporation Common Stock $4,126,708 0.93% 24,332 $865,636 Down ×1
MCK McKesson Corporation Common Stock $4,060,595 0.91% 5,374 $-679,848 Down ×1
CL Colgate-Palmolive Company Common Stock $4,044,005 0.91% 44,110 $2,859,563 Up ×1
APH Amphenol Corporation Common Stock $4,042,665 0.91% 22,928 $1,178,815 Up ×1
BEPC Brookfield Renewable Corporation Brookfield Renewable Corporation Class A Subordinate Voting Shares $4,036,466 0.91% 108,741 $-327,309 Down ×1
EXPD Expeditors International of Washington, Inc. Common Stock $3,982,906 0.90% 24,438 $437,533 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $3,903,095 0.88% 25,763 $-303,084 Down ×1
V Visa Inc. $3,855,646 0.87% 11,238 $403,158 Down ×1
HST Host Hotels & Resorts, Inc. - Common Stock $3,830,470 0.86% 161,555 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $3,780,563 0.85% 6,508 Up ×1
DCI Donaldson Company, Inc. Common Stock $3,696,370 0.83% 41,176 $165,778 Down ×1
LRCX Lam Research Corporation - Common Stock $3,519,940 0.79% 8,123 $3,210,987 Up ×1
MET MetLife, Inc. Common Stock $3,481,871 0.78% 41,152 $-926,107 Down ×1
JBL Jabil Inc. Common Stock $3,432,700 0.77% 8,905 $1,057,702 Down ×1
COST Costco Wholesale Corporation - Common Stock $3,352,725 0.75% 3,584 $-217,484 Up ×2
BK The Bank of New York Mellon Corporation Common Stock $3,315,040 0.75% 22,924 $558,909 Down ×1
SYY Sysco Corporation Common Stock $3,181,139 0.72% 38,061 $1,977,587 Up ×4
RS Reliance, Inc. Common Stock $3,171,491 0.71% 8,489 $539,239 Down ×1
MA Mastercard Incorporated Common Stock $3,167,372 0.71% 6,167 $35,503 Down ×1
MSM MSC Industrial Direct Company, Inc. Common Stock $3,055,588 0.69% 25,688 $-355,819 Down ×2
FAST Fastenal Company - Common Stock $2,937,179 0.66% 61,153 $423,134 Up ×2
PANW Palo Alto Networks, Inc. - Common Stock $2,714,861 0.61% 7,961 $1,416,108 Down ×1
LOW Lowe's Companies, Inc. Common Stock $2,487,128 0.56% 11,280 $-295,069 Down ×1
AXP American Express Company Common Stock $2,424,576 0.55% 7,168 $217,984 Down ×1
ESGV VANGUARD WORLD FUND $2,395,923 0.54% 18,118 $434,033 Up ×4
CAH Cardinal Health, Inc. Common Stock $2,390,329 0.54% 10,062 $220,175 Down ×1
HUBB Hubbell Inc Common Stock $2,385,269 0.54% 4,559 $133,263 Down ×1
BWA BorgWarner Inc. Common Stock $2,358,396 0.53% 35,518 $461,520 Up ×3
C Citigroup, Inc. Common Stock $2,336,073 0.53% 16,691 $414,567 Down ×1
NUE Nucor Corporation Common Stock $2,326,179 0.52% 10,443 $495,502 Down ×1
AMGN Amgen Inc. - Common Stock $2,232,832 0.50% 6,166 $-542,913 Down ×1
CVS CVS Health Corporation Common Stock $2,168,519 0.49% 20,962 $629,200 Down ×1
COR Cencora, Inc. Common Stock $2,167,627 0.49% 7,660 $651,901 Up ×2
PCAR PACCAR Inc. - Common Stock $2,109,668 0.47% 17,563 $135,080 Up ×2
VZ Verizon Communications Inc. Common Stock $2,090,453 0.47% 49,373 $-444,447 Down ×1
DMXF iShares ESG Advanced MSCI EAFE ETF $2,052,481 0.46% 24,261 $-292,355 Down ×1
IBM International Business Machines Corporation Common Stock $1,857,111 0.42% 6,604 $-933,768 Down ×1
VMI Valmont Industries, Inc. Common Stock $1,794,026 0.40% 3,106 $-1,086,075 Down ×1
DGX Quest Diagnostics Incorporated Common Stock $1,758,762 0.40% 8,298 $126,444 Down ×2
TXN Texas Instruments Incorporated - Common Stock $1,756,527 0.40% 5,893 Up ×1
LECO Lincoln Electric Holdings, Inc. - Common Shares $1,754,491 0.39% 6,608 $90,138 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $1,745,933 0.39% 18,922 $-72,862 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $1,724,178 0.39% 3,439 $-1,328,224 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $1,720,580 0.39% 9,311 $469,224 Down ×1
MS Morgan Stanley Common Stock $1,686,744 0.38% 8,069 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,667,508 0.38% 4,012
ANET Arista Networks, Inc. Common Stock $1,574,278 0.35% 9,267 Up ×1
PLD Prologis, Inc. Common Stock $1,572,130 0.35% 11,605 Up ×1
BDX Becton, Dickinson and Company Common Stock $1,547,501 0.35% 10,226
TT Trane Technologies plc $1,523,579 0.34% 3,102 $217,099 Down ×1
ORCL Oracle Corporation Common Stock $1,462,130 0.33% 9,977 $-36,186 Down ×2
SNY Sanofi - American Depositary Shares $1,418,062 0.32% 33,241 $-1,329,548 Down ×1
BKNG Booking Holdings Inc. - Common Stock $1,417,721 0.32% 7,954 $120,942 Up ×4
CWT California Water Service Group Common Stock $1,374,752 0.31% 28,258 $76,305 Down ×1
NTRS Northern Trust Corporation - Common Stock $1,351,259 0.30% 7,773 $248,656 Down ×1
CMCSA Comcast Corporation - Class A Common Stock $1,350,889 0.30% 55,026
FDX FedEx Corporation Common Stock $1,229,349 0.28% 3,926 Up ×1
DIS Walt Disney Company (The) Common Stock $1,174,347 0.26% 12,201 $-57,390 Down ×1
UNFI United Natural Foods, Inc. Common Stock $1,173,263 0.26% 25,690 $225,425 Up ×2
PG Procter & Gamble Company (The) Common Stock $1,166,375 0.26% 7,954 $-8,934 Down ×1
SFM Sprouts Farmers Market, Inc. - Common Stock $1,113,496 0.25% 13,165 $88,361 Down ×1
NFLX Netflix, Inc. - Common Stock $1,091,421 0.25% 15,286 $-2,467,572 Down ×1
FITB Fifth Third Bancorp - Common Stock $1,084,390 0.24% 19,237 $189,942 Down ×1
JCI Johnson Controls International plc Ordinary Share $904,421 0.20% 6,190 $89,912 Down ×1
TILE Interface, Inc. - Common Stock $835,538 0.19% 23,313 $247,999 Down ×1
WSM Williams-Sonoma, Inc. Common Stock (DE) $762,937 0.17% 3,273 $120,770 Down ×2
DOC Healthpeak Properties, Inc. Common Stock $719,340 0.16% 33,614 $162,116 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $693,234 0.16% 1,962 $117,770 Down ×1
SPY SPY $632,515 0.14% 847 $81,677
GAP Gap, Inc. (The) Common Stock $605,849 0.14% 32,433 $-409,874 Down ×1
CB Chubb Limited Common Stock $404,800 0.09% 1,188 $19,876 Up ×1
CNC Centene Corporation Common Stock $378,015 0.09% 5,889 Up ×1
TAK Takeda Pharmaceutical Company Limited American Depositary Shares (each representing 1/2 of a share of Common Stock) $361,910 0.08% 22,577 $-789,942 Down ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $361,804 0.08% 1,342 Up ×1
CSX CSX Corporation - Common Stock $361,419 0.08% 7,604 $-394,517 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
AMZN $11,783,768 2.65% up ×4
AVGO $10,870,890 2.45% up ×4
CSCO $7,452,485 1.68% up ×4
AMAT $7,181,559 1.62% up ×4
SYY $3,181,139 0.72% up ×4
ESGV $2,395,923 0.54% up ×4
BWA $2,358,396 0.53% up ×3
BKNG $1,417,721 0.32% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
HST $3,830,470 161,555 0.86%
AMD $3,780,563 6,508 0.85%
TXN $1,756,527 5,893 0.40%
MS $1,686,744 8,069 0.38%
UNH $1,667,508 4,012 0.38%
ANET $1,574,278 9,267 0.35%
PLD $1,572,130 11,605 0.35%
BDX $1,547,501 10,226 0.35%
CMCSA $1,350,889 55,026 0.30%
FDX $1,229,349 3,926 0.28%
CNC $378,015 5,889 0.09%
WAB $361,804 1,342 0.08%
Unknown issuer (CUSIP: 314352105) $282,068 1,868 0.06%
VTI $201,302 544 0.05%
VTV $3,705 17 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MU Trimmed -163 +$6.2M
INTC Trimmed -3K +$4.2M
AMAT Bought more +179 +$3.8M
DELL Bought more +933 +$2.9M
NVDA Trimmed -5K +$2.9M
AAPL Trimmed -4K +$2.9M
CL Bought more +30K +$2.9M
CSCO Bought more +631 +$2.6M
GOOGL Trimmed -11K +$2.5M
NFLX Trimmed -22K -$2.5M

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
AMP Dec. 31, 2025 12,613 $6,196,137 1.3%
PSA Dec. 31, 2025 11,531 $3,330,730 10.2%
CMCSA Dec. 31, 2025 94,963 $2,983,738 -23.0%
PGR Sept. 30, 2025 10,696 $2,854,335 -14.1%
UNH Sept. 30, 2025 7,904 $2,465,811 9.0%
ADP Sept. 30, 2025 7,781 $2,399,661 -10.4%
NVO Dec. 31, 2025 35,652 $1,978,330 -27.2%
SBUX Sept. 30, 2025 19,814 $1,815,557 13.6%
BDX Sept. 30, 2025 10,475 $1,804,319 23.6%
VNO June 30, 2026 67,703 $1,759,601 -14.7%
GWW Dec. 31, 2025 1,809 $1,723,905 27.2%
CB Sept. 30, 2025 5,289 $1,532,330 18.9%
TGT Dec. 31, 2025 17,018 $1,526,515 58.1%
HPQ Sept. 30, 2025 59,380 $1,452,435 16.5%
BBY June 30, 2026 21,540 $1,382,868 11.8%
VOYA June 30, 2026 19,967 $1,364,146 8.1%
CBRE June 30, 2026 9,750 $1,320,735 -3.0%
BXP Dec. 31, 2025 17,306 $1,286,529 -11.4%
RGA Sept. 30, 2025 6,475 $1,284,381 31.9%
DE Dec. 31, 2025 2,610 $1,193,449 46.7%
PNR June 30, 2026 13,654 $1,189,400 -30.6%
CRM Sept. 30, 2025 4,300 $1,172,567 -3.7%
VRTX Dec. 31, 2025 2,978 $1,166,304 10.8%
NOW March 31, 2026 7,470 $1,144,330 32.5%
A June 30, 2026 10,015 $1,141,510 27.5%
MWA Dec. 31, 2025 44,578 $1,137,631 -7.8%
DVA Sept. 30, 2025 7,985 $1,137,464 36.1%
EQIX Sept. 30, 2025 1,413 $1,124,000 33.0%
A Sept. 30, 2025 9,484 $1,119,207 31.9%
ACN June 30, 2026 5,498 $1,090,199 55.4%
DLX Sept. 30, 2025 67,985 $1,081,642 16.4%
UL (filed as ULXXXX) Dec. 31, 2025 14,923 $884,636 -7.0%
SEE June 30, 2026 18,816 $791,213 No longer tracked
CNI Sept. 30, 2025 7,193 $748,360 25.6%
APOG June 30, 2025 15,244 $706,255 -1.5%
JLL June 30, 2025 2,400 $594,984 19.7%
WLY Sept. 30, 2025 12,616 $563,053 19.7%
KTB March 31, 2026 9,097 $555,736 -6.4%
DOV Sept. 30, 2025 2,542 $465,771 16.2%
AON Sept. 30, 2025 1,294 $461,648 -23.4%
UPS June 30, 2025 3,980 $437,761 -7.6%
KD Dec. 31, 2025 13,792 $414,174 -56.8%
WAT Sept. 30, 2025 1,139 $397,557 45.6%
SCS Sept. 30, 2025 37,735 $393,577 No longer tracked
UTHR June 30, 2026 662 $392,553 -0.6%
CHGX Dec. 31, 2025 12,951 $353,612
REGN June 30, 2026 457 $353,097 18.5%
BMI Dec. 31, 2025 1,964 $350,732 -29.1%
NKE Dec. 31, 2025 4,852 $338,330 -45.7%
ACI Dec. 31, 2025 19,061 $333,759 -33.1%
TIGO June 30, 2026 4,289 $321,418 -0.7%
DELL June 30, 2025 3,432 $312,827 370.0%
VTI March 31, 2026 832 $278,945 19.5%
EBAY March 31, 2026 3,165 $275,672 17.6%
UNP Sept. 30, 2025 1,104 $254,009 17.0%
LII Sept. 30, 2025 432 $247,640 -30.6%
ADBE Dec. 31, 2025 697 $245,867 -32.0%
AKAM June 30, 2025 2,689 $216,465 36.8%
AOS June 30, 2025 3,168 $207,061 -12.5%
VUG March 31, 2026 266 $129,771 27.7%
IJH March 31, 2026 630 $41,580 8.1%
VO Dec. 31, 2025 137 $40,243 11.6%
VTV March 31, 2026 17 $3,247
VB Sept. 30, 2025 2 $474
VNQ Sept. 30, 2025 1 $90