Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +47.4%
S&P 500 total return (same window) +37.0%
Excess return +10.4%

Annualized: +36.4% · 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: 95.5% · Options excluded: 0.0%

Sector breakdown

04
Financials 95.6%
Industrials 1.2%
Technology 1.2%
Real Estate 0.3%
Other/Unmapped 1.8%

Full portfolio 47 positions

05
Type Streak 8Q trend
BAC Bank of America Corporation Common Stock $238,320,559 10.04% 4,182,530
BEN Franklin Resources, Inc. Common Stock $229,849,821 9.68% 6,908,621 $109,389,026 Up ×1
VLY Valley National Bancorp - Common Stock $150,121,421 6.32% 10,247,196 $40,232,625 Up ×2
LPLA LPL Financial Holdings Inc. - Common Stock $148,126,217 6.24% 525,867 $19,570,126 Up ×1
WT WisdomTree, Inc. Common Stock $104,697,839 4.41% 6,180,510 $17,518,310 Up ×1
SLM SLM Corporation - Common Stock $97,916,730 4.13% 3,774,739 $29,280,381 Up ×2
XYZ Block, Inc. Class A Common Stock, $80,496,160 3.39% 1,059,160 $38,656,196 Up ×1
STT State Street Corporation Common Stock $68,906,106 2.90% 406,286 Up ×1
IBOC International Bancshares Corporation - Common Stock $67,274,080 2.83% 885,768 $-21,055,753 Down ×2
OMF OneMain Holdings, Inc. Common Stock $64,863,361 2.73% 1,063,857 $49,315,690 Up ×1
EVR Evercore Inc. Class A Common Stock $63,517,400 2.68% 186,028
HBAN Huntington Bancshares Incorporated - Common Stock $63,287,164 2.67% 3,569,496 Up ×1
HOMB Home BancShares, Inc. Common Stock $62,027,245 2.61% 2,172,583 $34,307,065 Up ×1
MKTX MarketAxess Holdings, Inc. - Common Stock $58,229,563 2.45% 513,081 Up ×1
ZION Zions Bancorporation N.A. - Common Stock $52,232,846 2.20% 754,919 Up ×1
PJT PJT Partners Inc. Class A Common Stock $48,675,282 2.05% 322,481
NP Neptune Insurance Holdings Inc. Class A Common Stock $46,228,455 1.95% 1,467,570 $23,150,493 Up ×2
FCFS FirstCash Holdings, Inc. - Common Stock $45,579,706 1.92% 210,705 $27,344,270 Up ×1
ALLY Ally Financial Inc. Common Stock $42,559,395 1.79% 926,211
BULL Webull Corporation - Class A Ordinary Shares $42,486,739 1.79% 6,516,371
TCBI Texas Capital Bancshares, Inc. - Common Stock $42,104,265 1.77% 407,750 $4,152,265 Up ×1
UMBF UMB Financial Corporation - Common Stock $39,240,584 1.65% 274,871 Up ×1
SEIC SEI Investments Company - Common Stock $38,872,107 1.64% 443,189
SYF Synchrony Financial Common Stock $36,615,717 1.54% 481,469
ARX Accelerant Holdings Class A Common Shares $35,744,195 1.51% 3,049,846 $9,288,576 Up ×1
AAMI Acadian Asset Management Inc. Common Stock $35,474,278 1.49% 496,005 $17,551,105 Up ×1
CCB Coastal Financial Corporation - Common Stock $35,447,881 1.49% 457,333 $-14,672,873 Down ×1
COLB Columbia Banking System, Inc. - Common Stock $32,963,040 1.39% 1,028,488
PRG PROG Holdings, Inc. Common Stock $32,176,328 1.36% 690,331 $4,445,263 Down ×1
PB Prosperity Bancshares, Inc. Common Stock $29,119,617 1.23% 398,735 $-33,763,752 Down ×1
Unknown issuer (CUSIP: 724078209) $27,515,749 1.16% 380,367 Up ×1
BPOP Popular, Inc. - Common Stock $26,146,158 1.10% 159,253 Up ×1
USB U.S. Bancorp Common Stock $25,357,732 1.07% 419,830 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $23,320,361 0.98% 1,745,536 $13,676,467 Up ×1
TRU TransUnion Common Stock $20,337,997 0.86% 281,924 Up ×1
CBC Central Bancompany, Inc. - Class A Common Stock $18,630,413 0.78% 613,246 $4,659,516 Up ×2
NCNO nCino, Inc. - Common Stock $18,011,830 0.76% 1,101,641
Unknown issuer (CUSIP: 533714101) $14,466,008 0.61% 606,033 Up ×1
JEF Jefferies Financial Group Inc. Common Stock $10,583,665 0.45% 211,758 Up ×1
AIZ Assurant, Inc. Common Stock $10,206,557 0.43% 38,009 Up ×1
CIFR Cipher Mining Inc. - Common Stock $9,666,108 0.41% 394,535 $6,325,352 Up ×1
ANDG Andersen Group Inc. Class A Common Stock $8,411,409 0.35% 222,996 Up ×1
BGC BGC Group, Inc. - Class A Common Stock $7,975,959 0.34% 746,114
DBRG DigitalBridge Group, Inc. $7,901,362 0.33% 500,720 $180,260
ARI Apollo Commercial Real Estate Finance, Inc $6,727,428 0.28% 629,909 $-752,590 Down ×1
SFNC Simmons First National Corporation - Common Stock $5,121,686 0.22% 226,123
SLNH Soluna Holdings, Inc. - Common Stock $32,311 0.00% 23,934 $15,394

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BAC $238,320,559 4,182,530 10.04%
STT $68,906,106 406,286 2.90%
EVR $63,517,400 186,028 2.68%
HBAN $63,287,164 3,569,496 2.67%
MKTX $58,229,563 513,081 2.45%
ZION $52,232,846 754,919 2.20%
PJT $48,675,282 322,481 2.05%
ALLY $42,559,395 926,211 1.79%
BULL $42,486,739 6,516,371 1.79%
UMBF $39,240,584 274,871 1.65%
SEIC $38,872,107 443,189 1.64%
SYF $36,615,717 481,469 1.54%
COLB $32,963,040 1,028,488 1.39%
Unknown issuer (CUSIP: 724078209) $27,515,749 380,367 1.16%
BPOP $26,146,158 159,253 1.10%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BEN Bought more +1.8M +$109.4M
OMF Bought more +773K +$49.3M
VLY Bought more +1.3M +$40.2M
XYZ Bought more +364K +$38.7M
HOMB Bought more +1.1M +$34.3M
PB Trimmed -537K -$33.8M
SLM Bought more +569K +$29.3M
FCFS Bought more +114K +$27.3M
NP Bought more +514K +$23.2M
IBOC Trimmed -427K -$21.1M

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
BAC Dec. 31, 2025 2,799,458 $144,424,038 -2.3%
TFC Dec. 31, 2025 2,524,440 $115,417,397 -5.6%
BBT June 30, 2026 3,137,941 $94,138,230 -6.9%
C March 31, 2026 802,268 $93,616,653 13.3%
COIN Sept. 30, 2025 242,415 $84,964,033 -45.8%
VIRT June 30, 2026 1,880,990 $82,725,940 -1.3%
FLG June 30, 2025 6,379,777 $74,133,009 10.4%
SEIC Sept. 30, 2025 777,952 $69,906,767 20.7%
CG Dec. 31, 2025 1,076,083 $67,470,404 -32.6%
CMA Dec. 31, 2025 950,917 $65,156,833 No longer tracked
FHN Dec. 31, 2025 2,668,701 $60,339,330 -2.0%
SYF March 31, 2026 667,070 $55,653,650 5.5%
SCHW June 30, 2026 589,547 $55,405,627 4.8%
PNFP Sept. 30, 2025 497,152 $54,890,552 2.5%
UWMC March 31, 2026 11,296,053 $49,476,712 -65.2%
WBS March 31, 2026 764,322 $48,106,427 No longer tracked
EBC Dec. 31, 2025 2,597,878 $47,151,486 16.5%
SCHW Sept. 30, 2025 507,207 $46,277,567 1.3%
RIOT June 30, 2026 3,732,717 $46,136,382 -27.9%
NU Dec. 31, 2025 2,607,082 $41,739,383 -19.8%
FIBK Dec. 31, 2025 1,275,693 $40,656,336 4.0%
ALLY Sept. 30, 2025 1,041,535 $40,567,788 -3.3%
KLAR Dec. 31, 2025 1,100,782 $40,343,660 -56.7%
EVR March 31, 2026 118,110 $40,186,928 -12.3%
PJT Dec. 31, 2025 225,404 $40,061,053 -17.1%
RELY March 31, 2026 2,879,568 $39,738,038 38.9%
RITM June 30, 2025 3,410,097 $39,045,611 -22.9%
UPST March 31, 2026 882,231 $38,579,962 -11.1%
SOFI Dec. 31, 2025 1,405,152 $37,124,116 -39.8%
HUT June 30, 2026 764,573 $35,866,119 -22.4%
FLYW Sept. 30, 2025 2,850,897 $33,355,495 29.8%
EWBC June 30, 2026 311,949 $33,303,675 -2.2%
MS Dec. 31, 2025 205,630 $32,686,945 7.2%
NCNO Dec. 31, 2025 1,144,472 $31,026,636 -27.1%
BTDR June 30, 2026 3,347,667 $28,957,320 -30.6%
STNE Dec. 31, 2025 1,525,339 $28,844,160 -35.4%
FDS Sept. 30, 2025 58,442 $26,139,938 -7.2%
PWP Sept. 30, 2025 1,344,347 $26,107,219 -25.8%
TPG Dec. 31, 2025 435,100 $24,996,495 -30.0%
DLO March 31, 2026 1,547,965 $21,888,225 6.0%
BGC Dec. 31, 2025 2,265,066 $21,427,524 31.9%
MELI June 30, 2025 10,677 $20,829,439 -35.1%
WTFC Dec. 31, 2025 152,737 $20,228,488 3.7%
KLAR June 30, 2026 1,544,803 $20,221,471 -38.2%
BITF June 30, 2026 10,194,455 $19,879,187 No longer tracked
UPBD Sept. 30, 2025 755,429 $18,961,268 -32.7%
SEIC March 31, 2026 216,465 $17,754,459 30.5%
IWM June 30, 2026 69,401 $17,211,448 -6.2%
PIPR Dec. 31, 2025 49,507 $17,178,434 -23.0%
DLO June 30, 2025 2,015,004 $16,805,133 21.2%
KMX Dec. 31, 2025 364,571 $16,358,301 42.1%
INDB March 31, 2026 221,838 $16,211,921 6.4%
RKT June 30, 2025 1,332,096 $16,078,399 -17.5%
MC Dec. 31, 2025 223,470 $15,937,880 -18.1%
HLI Sept. 30, 2025 87,007 $15,656,910 -38.5%
CLSK Dec. 31, 2025 1,055,201 $15,300,415 25.9%
MTB June 30, 2026 74,276 $14,916,371 -7.9%
IBKR June 30, 2026 211,418 $14,179,805 1.4%
BULL March 31, 2026 1,800,423 $13,989,287 52.9%
JHG Dec. 31, 2025 306,838 $13,657,359 No longer tracked
UCB Dec. 31, 2025 428,164 $13,422,941 9.3%
SFNC Dec. 31, 2025 687,380 $13,177,075 21.5%
PNFP June 30, 2026 149,042 $12,838,478 -4.7%
ETOR Sept. 30, 2025 192,680 $12,830,561 -38.4%
WULF Dec. 31, 2025 1,041,154 $11,889,979 34.8%
BRBS June 30, 2026 2,703,441 $11,354,452 No longer tracked
SSB June 30, 2026 118,438 $10,957,884 2.0%
AMTB June 30, 2025 520,996 $10,753,357 62.2%
LC March 31, 2026 536,577 $10,162,768 No longer tracked
HOOD Sept. 30, 2025 108,527 $10,161,383 -21.3%
PFSI June 30, 2026 109,878 $9,603,337 -28.8%
KEY Dec. 31, 2025 485,316 $9,070,556 -2.7%
COOP Sept. 30, 2025 59,808 $8,923,952 No longer tracked
ABR Dec. 31, 2025 646,728 $7,896,549 -54.1%
WLTH June 30, 2026 811,056 $7,502,268 12.2%
CORZ Dec. 31, 2025 412,402 $7,398,492 13.0%
COF June 30, 2025 40,976 $7,346,997 -8.5%
PAYO Dec. 31, 2025 1,195,140 $7,230,597 27.2%
COSO March 31, 2026 308,940 $7,182,855 9.7%
PYPL June 30, 2025 98,892 $6,452,703 -29.0%
FULT June 30, 2025 302,353 $5,469,566 26.4%
FISI June 30, 2025 208,819 $5,212,122 55.7%
FFWM June 30, 2025 871,559 $4,523,391 No longer tracked
IWM June 30, 2025 20,861 $4,161,561 30.7%
PPBI Sept. 30, 2025 166,448 $3,510,388 No longer tracked
COLB March 31, 2026 121,708 $3,401,739 5.4%
EFSI June 30, 2025 99,885 $3,275,229 48.6%
WULF June 30, 2026 224,537 $3,240,069 -37.3%
PFBC March 31, 2026 32,882 $3,105,047 17.4%
FHI June 30, 2026 53,897 $3,056,499 1.5%
APLD Dec. 31, 2025 130,777 $3,000,024 3.5%
AUB Dec. 31, 2025 71,211 $2,513,036 10.0%
WAFD March 31, 2026 75,357 $2,413,685 -1.9%
PRG June 30, 2025 85,572 $2,276,215 5.6%
DAVE June 30, 2026 12,649 $2,202,064 -7.0%
OBT March 31, 2026 53,679 $1,532,535 18.0%
SPY June 30, 2026 2,286 $1,486,677 No longer tracked
DOUG Sept. 30, 2025 611,215 $1,418,019 -45.8%
FSUN Dec. 31, 2025 29,719 $1,152,800 5.0%
XLF Sept. 30, 2025 19,211 $1,006,080 -0.7%
DCOM June 30, 2025 34,506 $962,027 48.0%
ASB June 30, 2025 38,523 $867,923 18.9%
GLBE June 30, 2026 21,273 $656,272 13.2%
SFST March 31, 2026 12,526 $645,340 11.7%
OBK March 31, 2026 17,012 $639,821 29.3%
RBB March 31, 2026 30,913 $638,044 22.6%
VBTX Sept. 30, 2025 22,067 $575,949 No longer tracked
DCOM March 31, 2026 18,669 $561,750 17.9%
PGC March 31, 2026 11,058 $307,965 26.6%
MCGAU Sept. 30, 2025 12,010 $135,113 -5.7%
MCGA Dec. 31, 2025 12,493 $133,175 2.2%
LPRO Sept. 30, 2025 31,522 $61,153 No longer tracked