Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +37.2%
S&P 500 total return (same window) +37.0%
Excess return +0.2%

Annualized: +28.8% · 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: 99.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 32.3%
Industrials 26.8%
Retail 9.6%
Communication Services 9.1%
Healthcare 8.0%
Financials 4.4%
Consumer products 4.1%
Consumer Discretionary 3.8%
Materials 1.6%
Energy 0.4%

Full portfolio 51 positions

05
Type Streak 8Q trend
AMD Advanced Micro Devices, Inc. - Common Stock $48,313,123 7.80% 83,168 $31,212,594 Down ×1
AAPL Apple Inc. - Common Stock $47,421,185 7.65% 163,883 $3,291,418 Down ×3
GOOGL Alphabet Inc. - Class A Common Stock $39,017,657 6.30% 109,180 $7,593,100 Down ×3
APH Amphenol Corporation Common Stock $31,885,356 5.15% 180,838 $9,036,475
ADI Analog Devices, Inc. - Common Stock $30,528,472 4.93% 76,865 $6,074,641
ROK Rockwell Automation, Inc. Common Stock $25,749,111 4.16% 52,010 $7,083,762
AMZN Amazon.com, Inc. - Common Stock $23,719,120 3.83% 99,518 $2,992,506
MA Mastercard Incorporated Common Stock $22,688,280 3.66% 44,175 $615,799
TSLA Tesla, Inc. - Common Stock $20,920,223 3.38% 49,739 $2,429,750
MSFT Microsoft Corporation - Common Stock $19,984,547 3.22% 53,575 $152,689
NET Cloudflare, Inc. Class A Common Stock $19,122,029 3.09% 77,960 $3,035,763
CARR Carrier Global Corporation Common Stock $18,561,218 3.00% 253,050 $4,311,972
ULS UL Solutions Inc. Class A Common Stock $16,879,221 2.72% 165,710 $2,676,217
JNJ Johnson & Johnson Common Stock $16,855,989 2.72% 66,370 $632,506
WM Waste Management, Inc. Common Stock $15,943,721 2.57% 71,535 $-494,307
TMUS T-Mobile US, Inc. - Common Stock $12,235,065 1.97% 72,945 $-3,085,573
AMAT Applied Materials, Inc. - Common Stock $11,951,190 1.93% 16,530 $6,301,401
XYL Xylem Inc. Common Stock New $11,830,457 1.91% 100,080 $11,309 Up ×2
WMT Walmart Inc. - Common Stock $11,628,971 1.88% 102,675 $-1,131,478
DHR Danaher Corporation Common Stock $11,052,602 1.78% 58,025 $51,062
NSC Norfolk Southern Corporation Common Stock $10,666,489 1.72% 33,906 $935,467
ATR AptarGroup, Inc. Common Stock $9,903,320 1.60% 79,100 $-64,862
ABT Abbott Laboratories Common Stock $9,678,328 1.56% 106,660 $-1,272,454
ADP Automatic Data Processing, Inc. - Common Stock $9,619,772 1.55% 42,955 $892,175
TJX TJX Companies, Inc. (The) Common Stock $9,444,510 1.52% 62,340 $-511,188
ARM Arm Holdings plc - American Depositary Shares $8,598,323 1.39% 24,250 $4,929,783
HD Home Depot, Inc. (The) Common Stock $8,258,002 1.33% 23,415 $557,043
VLTO Veralto Corp Common Stock $7,792,932 1.26% 87,877 $22,848
PG Procter & Gamble Company (The) Common Stock $7,729,394 1.25% 52,710 $115,962
RTX RTX Corporation Common Stock $7,275,766 1.17% 38,348 $-121,563
SN SharkNinja, Inc. Ordinary Shares $6,900,115 1.11% 45,315 $3,565,853 Up ×2
SYK Stryker Corporation Common Stock $6,443,201 1.04% 20,465 $306,783 Up ×1
IBM International Business Machines Corporation Common Stock $6,435,491 1.04% 22,885 $2,494,230 Up ×3
LOW Lowe's Companies, Inc. Common Stock $6,195,769 1.00% 28,100 $-443,699
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $5,794,185 0.94% 96,377 $1,895,329 Up ×2
GOOG Alphabet Inc. - Class C Capital Stock $5,347,650 0.86% 15,135 $1,006,024
CSX CSX Corporation - Common Stock $4,848,060 0.78% 102,000 $660,960
AVGO Broadcom Inc. - Common Stock $4,748,318 0.77% 12,570 $2,055,581 Up ×2
CL Colgate-Palmolive Company Common Stock $4,694,016 0.76% 51,200 $330,240
TILE Interface, Inc. - Common Stock $3,589,555 0.58% 100,155 $1,093,692
RKT Rocket Companies, Inc. Class A Common Stock $2,506,376 0.40% 159,135 $238,702
ABNB Airbnb, Inc. - Class A Common Stock $2,505,681 0.40% 17,510 $374,706 Up ×2
XOM Exxon Mobil Corporation Common Stock $2,242,208 0.36% 16,400 $-540,216
SOFI SoFi Technologies, Inc. - Common Stock $2,176,971 0.35% 121,415 $248,901
ADBE Adobe Inc. - Common Stock $1,845,180 0.30% 9,000 $-342,540
MRK Merck & Company, Inc. Common Stock (new) $1,792,575 0.29% 13,950 $114,529
ZTS Zoetis Inc. Class A Common Stock $1,783,421 0.29% 24,818 $-1,150,315
BR Broadridge Financial Solutions, Inc. Common Stock $1,517,406 0.24% 11,080 Up ×1
CI The Cigna Group Common Stock $1,448,423 0.23% 5,254 $46,919
NVDA NVIDIA Corporation - Common Stock $1,245,560 0.20% 6,225 $81,440 Down ×4
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $372,548 0.06% 750 $37,643

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
IBM $6,435,491 1.04% up ×3

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BR $1,517,406 11,080 0.24%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Trimmed -893 +$31.2M
APH Price move only +0 +$9.0M
GOOGL Trimmed -100 +$7.6M
ROK Price move only +0 +$7.1M
AMAT Price move only +0 +$6.3M
ADI Price move only +0 +$6.1M
ARM Price move only +0 +$4.9M
CARR Price move only +0 +$4.3M
SN Bought more +14K +$3.6M
AAPL Trimmed -10K +$3.3M

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
NYT Dec. 31, 2025 143,325 $8,226,855 -9.7%
CRSP June 30, 2026 93,300 $4,438,281 1.6%
UBER June 30, 2026 58,830 $4,231,642 -5.6%
ALC June 30, 2026 27,525 $2,074,009 -5.0%
UL (filed as ULXXXX) Dec. 31, 2025 30,105 $1,784,624 -8.7%
BDX Dec. 31, 2025 5,420 $1,014,461 15.9%
MKC June 30, 2026 19,470 $982,067 -11.4%
RELX June 30, 2026 10,055 $333,323 5.5%
CRM June 30, 2026 1,440 $268,805 49.8%
NVO Dec. 31, 2025 4,815 $267,184 -26.7%
MICC March 31, 2026 10,723 $170,496 16.9%