Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +60.4%
S&P 500 total return (same window) +37.0%
Excess return +23.4%

Annualized: +46.0% · 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: 94.5% · Options excluded: 19.9%

Sector breakdown

04
Technology 18.3%
Industrials 2.6%
Communication Services 2.2%
Retail 2.1%
Financials 0.7%
Consumer Discretionary 0.3%
Energy 0.2%
Healthcare 0.1%
Other/Unmapped 73.4%

Full portfolio 55 positions

05
Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $541,412,586 64.88% 735,215 $81,376,279 Up ×3
EMXC iShares MSCI Emerging Markets ex China ETF $58,474,159 7.01% 571,595 $-3,136,589 Down ×1
SNDK Sandisk Corporation - Common Stock $23,874,165 2.86% 10,500 $14,979,405 Down ×2
INTC Intel Corporation - Common Stock $19,980,951 2.39% 143,099 $14,239,670 Up ×3
AMZN Amazon.com, Inc. - Common Stock $17,590,207 2.11% 73,803 $2,120,652 Down ×1
LRCX Lam Research Corporation - Common Stock $17,333,200 2.08% 40,000 $8,790,400
AAPL Apple Inc. - Common Stock $11,482,873 1.38% 39,684 $-1,241,462 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $10,976,520 1.32% 23,000 $3,203,440
KLAC KLA Corporation - Common Stock $10,861,560 1.30% 36,000 $5,560,884 Up ×2
AMAT Applied Materials, Inc. - Common Stock $10,122,000 1.21% 14,000 $5,678,730 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $8,771,212 1.05% 24,550 $2,774,821 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $7,447,250 0.89% 25,000 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $7,261,375 0.87% 12,500 $6,447,655 Up ×1
IJH iShares Trust $7,080,627 0.85% 91,825 $1,114,446 Up ×2
GLW Corning Incorporated Common Stock $6,768,498 0.81% 26,500 $3,709,398 Up ×1
NVDA NVIDIA Corporation - Common Stock $6,602,970 0.79% 33,000 $-1,358,497 Down ×1
MU Micron Technology, Inc. - Common Stock $6,348,595 0.76% 5,500 Up ×1
KEYS Keysight Technologies Inc. Common Stock $5,601,600 0.67% 16,000 $2,212,560 Up ×2
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $4,999,897 0.60% 9,992 $-291,429 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $4,704,867 0.56% 13,316 $858,428 Down ×1
LITE Lumentum Holdings Inc. - Common Stock $3,003,210 0.36% 3,500 $-1,213,350 Down ×1
TER Teradyne, Inc. - Common Stock $2,903,040 0.35% 6,000 $-1,099,170 Down ×1
COHR Coherent Corp. Common Stock $2,760,170 0.33% 7,000 $-97,030 Down ×1
TSLA Tesla, Inc. - Common Stock $2,733,900 0.33% 6,500 Up ×1
BE Bloom Energy Corporation Class A Common Stock $2,419,840 0.29% 8,000
MSFT Microsoft Corporation - Common Stock $2,192,783 0.26% 5,878 $-203,035 Down ×4
LSCC Lattice Semiconductor Corporation - Common Stock $2,141,440 0.26% 14,000 Up ×1
ARM Arm Holdings plc - American Depositary Shares $2,127,420 0.25% 6,000 Up ×1
ON ON Semiconductor Corporation - Common Stock $2,079,880 0.25% 22,000 Up ×1
ITA iShares U.S. Aerospace & Defense ETF $2,042,598 0.24% 8,426 $200,698 Up ×2
AAOI Applied Optoelectronics, Inc. - Common Stock $1,926,080 0.23% 13,000 $826,410
MCHP Microchip Technology Incorporated - Common Stock $1,915,200 0.23% 21,000 $752,220 Up ×1
SMTC Semtech Corporation - Common Stock $1,780,350 0.21% 11,000 Up ×1
SEI Solaris Energy Infrastructure, Inc. Class A Common Stock $1,608,600 0.19% 20,000 Up ×1
VSH Vishay Intertechnology, Inc. Common Stock $1,559,040 0.19% 29,000 Up ×1
QRVO Qorvo, Inc. - Common Stock $1,399,050 0.17% 15,000 Up ×1
CCXI Churchill Capital Corp XI - Class A Ordinary Shares $1,396,000 0.17% 80,000 Up ×1
SITM SiTime Corporation - Common Stock $1,118,340 0.13% 1,500 $-263,060 Down ×1
CGNX Cognex Corporation - Common Stock $1,086,300 0.13% 15,000 $351,450
AMBA Ambarella, Inc. - Ordinary Shares $1,029,600 0.12% 12,000 Up ×1
WOLF Wolfspeed, Inc. Common Stock New $1,013,250 0.12% 21,000 Up ×1
ENPH Enphase Energy, Inc. - Common Stock $886,320 0.11% 18,000 Up ×1
RTX RTX Corporation Common Stock $790,290 0.09% 4,165 $-10,210 Up ×2
GLD SPDR Gold Shares $628,456 0.08% 1,706 $-105,619
UBER Uber Technologies, Inc. Common Stock $576,720 0.07% 8,000 $1,280
LLY Eli Lilly and Company Common Stock $533,746 0.06% 445 $104,213 Down ×1
SLV iShares Silver Trust $494,277 0.06% 9,244 $-135,609
V Visa Inc. $449,105 0.05% 1,309 $53,473
JNJ Johnson & Johnson Common Stock $406,433 0.05% 1,600 $-154,321 Down ×1
MA Mastercard Incorporated Common Stock $384,173 0.05% 748 $10,427
PSK SPDR SERIES TRUST $337,095 0.04% 11,041 $2,033 Up ×6
FHLC FIDELITY COVINGTON TRUST $305,877 0.04% 3,960 $28,156 Up ×6
EMLP First Trust Exchange-Traded Fund IV $300,243 0.04% 6,902 $1,026 Up ×6
BOND PIMCO Active Bond Exchange-Traded Fund Exchange-Traded Fund $286,289 0.03% 3,105 $3,340 Up ×6
ABT Abbott Laboratories Common Stock $203,582 0.02% 2,244 $-26,765

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
QQQ $541,412,586 64.88% up ×3
INTC $19,980,951 2.39% up ×3
PSK $337,095 0.04% up ×6
FHLC $305,877 0.04% up ×6
EMLP $300,243 0.04% up ×6
BOND $286,289 0.03% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MRVL $7,447,250 25,000 0.89%
MU $6,348,595 5,500 0.76%
TSLA $2,733,900 6,500 0.33%
BE $2,419,840 8,000 0.29%
LSCC $2,141,440 14,000 0.26%
ARM $2,127,420 6,000 0.25%
ON $2,079,880 22,000 0.25%
SMTC $1,780,350 11,000 0.21%
SEI $1,608,600 20,000 0.19%
VSH $1,559,040 29,000 0.19%
QRVO $1,399,050 15,000 0.17%
CCXI $1,396,000 80,000 0.17%
AMBA $1,029,600 12,000 0.12%
WOLF $1,013,250 21,000 0.12%
ENPH $886,320 18,000 0.11%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
QQQ Bought more +7K +$81.4M
SNDK Trimmed -4K +$15.0M
INTC Bought more +13K +$14.2M
LRCX Price move only +0 +$8.8M
AMAT Bought more +1K +$5.7M
KLAC Bought more +32K +$5.6M
GLW Bought more +4K +$3.7M
TSM Price move only +0 +$3.2M
EMXC Trimmed -212K -$3.1M
GOOGL Bought more +4K +$2.8M

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
BITB March 31, 2026 150,000 $7,134,000
META Dec. 31, 2025 9,000 $6,609,420 11.9%
AVGO June 30, 2026 10,558 $3,267,807 -0.5%
TLN Dec. 31, 2025 500 $3,190,350 -0.5%
META June 30, 2026 5,500 $3,146,715 31.2%
AMKR June 30, 2026 41,000 $1,846,230 -38.1%
CEG Dec. 31, 2025 5,000 $1,645,350 -15.0%
NET Dec. 31, 2025 7,000 $1,502,130 80.1%
ANET Dec. 31, 2025 10,000 $1,457,100 64.4%
GEV Sept. 30, 2025 2,500 $1,322,875 67.4%
QCOM June 30, 2025 4,972 $763,751 13.7%
BRK-A (filed as BRKA) Dec. 31, 2025 100 $754,200 No longer tracked
PLTR March 31, 2026 4,000 $711,000 31.3%
BE Dec. 31, 2025 8,000 $676,560 240.4%
SASR June 30, 2025 10,104 $282,406 No longer tracked
BABA June 30, 2026 2,000 $250,980 13.8%