Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +4.6%
S&P 500 total return (same window) +37.0%
Excess return -32.4%

Annualized: +3.7% · 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: 95.2% · Options excluded: 0.0%

Sector breakdown

04
Technology 16.2%
Retail 14.3%
Healthcare 13.5%
Industrials 12.5%
Communication Services 8.0%
Financials 8.0%
Materials 3.9%
Utilities 2.7%
Consumer products 2.5%
Energy 2.4%
Consumer Staples 2.0%
Consumer Discretionary 1.2%
Real Estate 1.1%
Other/Unmapped 11.8%

Full portfolio 177 positions

05
Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $76,947,769 7.97% 265,924 $8,859,211 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $65,439,808 6.78% 183,116 $12,329,489 Down ×6
TJX TJX Companies, Inc. (The) Common Stock $57,456,830 5.95% 379,253 $-4,301,077 Down ×6
MA Mastercard Incorporated Common Stock $49,637,386 5.14% 96,647 $821,104 Down ×6
MSFT Microsoft Corporation - Common Stock $35,177,278 3.64% 94,304 $433,492 Up ×1
SYK Stryker Corporation Common Stock $34,543,930 3.58% 109,720 $-1,954,533 Down ×3
LLY Eli Lilly and Company Common Stock $31,467,046 3.26% 26,235 $7,911,736 Up ×3
VCSH Vanguard Short-Term Corporate Bond ETF $26,918,251 2.79% 340,608 $234,067 Up ×1
NEE NextEra Energy, Inc. Common Stock $23,934,264 2.48% 272,693 $-1,347,208 Up ×1
COST Costco Wholesale Corporation - Common Stock $23,779,647 2.46% 25,420 $-624,916 Up ×4
AMZN Amazon.com, Inc. - Common Stock $23,699,338 2.46% 99,435 $4,043,440 Up ×3
ECL Ecolab Inc. Common Stock $21,930,786 2.27% 78,715 $1,388,988 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $21,577,583 2.24% 96,350 $1,583,858 Down ×3
XOM Exxon Mobil Corporation Common Stock $20,113,084 2.08% 147,112 $-5,050,463 Down ×6
HEI Heico Corporation Common Stock $16,750,903 1.74% 47,028 $4,232,028 Up ×3
WSO Watsco, Inc. Common Stock $15,513,191 1.61% 37,227 $1,828,503 Down ×6
NVDA NVIDIA Corporation - Common Stock $15,217,444 1.58% 76,053 $3,145,999 Up ×1
ABT Abbott Laboratories Common Stock $13,744,660 1.42% 151,473 $-3,320,223 Down ×3
INTU Intuit Inc. - Common Stock $12,553,317 1.30% 48,097 $-9,039,308 Down ×2
APH Amphenol Corporation Common Stock $12,181,948 1.26% 69,090 $3,907,792 Up ×6
BR Broadridge Financial Solutions, Inc. Common Stock $12,086,386 1.25% 88,254 $-5,352,105 Down ×6
VUG Vanguard Morningstar Growth ETF $11,973,288 1.24% 138,998 $1,990,453 Up ×1
VOO Vanguard S&P 500 ETF $11,296,651 1.17% 16,448 $3,904,359 Up ×2
SHW Sherwin-Williams Company (The) Common Stock $11,104,664 1.15% 32,251 $596,073 Down ×2
CHD Church & Dwight Company, Inc. Common Stock $10,773,928 1.12% 111,209 $-569,024 Down ×6
EQIX Equinix, Inc. - Common Stock $9,532,657 0.99% 9,145 $528,173 Down ×4
DHR Danaher Corporation Common Stock $9,404,950 0.97% 49,375 $-1,046,181 Down ×6
HD Home Depot, Inc. (The) Common Stock $9,258,556 0.96% 26,253 $144,685 Down ×6
IDXX IDEXX Laboratories, Inc. - Common Stock $8,715,740 0.90% 16,556 $-612,758 Down ×6
MCD McDonald's Corporation Common Stock $8,632,080 0.89% 31,934 $-1,320,659 Down ×6
CASY Caseys General Stores, Inc. - Common Stock $8,439,081 0.87% 10,618 $651,707 Down ×2
VEEV Veeva Systems Inc. Class A Common Stock $7,957,399 0.82% 44,838 $-192,523 Down ×2
PEP PepsiCo, Inc. - Common Stock $7,823,547 0.81% 57,781 $-1,437,638 Down ×6
VTV Vanguard Morningstar Value ETF $7,765,500 0.80% 35,633 $1,214,774 Up ×3
AJG Arthur J. Gallagher & Co. Common Stock $7,501,889 0.78% 32,678 $-11,704 Down ×2
CL Colgate-Palmolive Company Common Stock $7,473,111 0.77% 81,513 $243,476 Down ×3
JNJ Johnson & Johnson Common Stock $7,340,241 0.76% 28,902 $34,663 Down ×6
BSV VANGUARD BOND INDEX FUNDS $6,954,169 0.72% 89,259 $-367,913 Down ×1
KO Coca-Cola Company (The) Common Stock $6,288,916 0.65% 77,383 $404,927 Up ×1
LMT Lockheed Martin Corporation Common Stock $5,726,840 0.59% 11,241 $-955,900 Up ×1
ABBV AbbVie Inc. Common Stock $5,725,061 0.59% 22,751 $1,300,445 Up ×2
V Visa Inc. $5,505,565 0.57% 16,047 $561,825 Down ×6
PG Procter & Gamble Company (The) Common Stock $5,455,888 0.57% 37,206 $81,853
ISRG Intuitive Surgical, Inc. - Common Stock $4,956,286 0.51% 12,463 $-789,493 Down ×6
CSCO Cisco Systems, Inc. - Common Stock $4,899,727 0.51% 41,714 $2,513,214 Up ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $4,858,576 0.50% 52,759 $-201,951 Down ×2
SNPS Synopsys, Inc. - Common Stock $4,842,536 0.50% 10,856 $803,991 Up ×5
ADI Analog Devices, Inc. - Common Stock $4,789,473 0.50% 12,059 $922,800 Down ×6
VEA Vanguard FTSE Developed Markets ETF $4,351,737 0.45% 61,077 $1,023,550 Up ×5
VXUS Vanguard Total International Stock ETF $4,259,967 0.44% 49,830 $487,900 Up ×3
GOOG Alphabet Inc. - Class C Capital Stock $4,208,867 0.44% 11,912 $861,498 Up ×1
CAT Caterpillar, Inc. Common Stock $4,140,331 0.43% 3,888 $1,883,886 Up ×2
GD General Dynamics Corporation Common Stock $3,732,627 0.39% 10,537 $144,262 Up ×1
BCPC Balchem Corporation - Common Stock $3,690,206 0.38% 21,842 $-605,943 Down ×6
SYY Sysco Corporation Common Stock $3,682,117 0.38% 44,055 $298,935 Down ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,555,271 0.37% 7,105 $215,247 Up ×1
CTAS Cintas Corporation - Common Stock $3,531,201 0.37% 20,762 $-165,523 Down ×3
SLV iShares Silver Trust $3,477,421 0.36% 65,035 $-909,432 Up ×2
IVV iShares Trust $3,456,876 0.36% 4,616 $881,922 Up ×4
VIG Vanguard Div Appreciation ETF $3,441,875 0.36% 14,546 $367,377 Up ×2
CVX Chevron Corporation Common Stock $3,411,009 0.35% 20,578 $-867,270 Down ×6
RTX RTX Corporation Common Stock $3,375,676 0.35% 17,792 $-61,995 Down ×3
JKHY Jack Henry & Associates, Inc. - Common Stock $3,091,712 0.32% 22,446 $-757,510 Down ×6
DKS Dick's Sporting Goods Inc Common Stock $3,058,079 0.32% 13,483 $598,886 Up ×6
VTI Vanguard Morningstar Total Stock Market ETF $3,055,050 0.32% 8,256 $489,532 Up ×6
GLD SPDR Gold Shares $3,014,822 0.31% 8,184 $-546,688 Down ×1
JPM JP Morgan Chase & Co. Common Stock $2,857,264 0.30% 8,729 $452,800 Up ×1
BND Vanguard Total Bond Market ETF $2,312,488 0.24% 31,501 $-31,031 Down ×1
SPHQ Invesco S&P 500 Quality ETF $2,170,329 0.22% 24,088 $773,600 Up ×3
UNP Union Pacific Corporation Common Stock $2,080,528 0.22% 7,649 $261,848 Up ×1
GE GE Aerospace Common Stock $1,998,849 0.21% 5,348 $566,839 Up ×1
VB Vanguard Morningstar Small-Cap ETF $1,888,134 0.20% 6,229 $736,210 Up ×4
NOC Northrop Grumman Corporation Common Stock $1,745,915 0.18% 3,428 $-633,738 Down ×1
PM Philip Morris International Inc Common Stock $1,716,474 0.18% 9,488 $160,955 Up ×1
VCIT Vanguard Intermediate-Term Corporate Bond ETF $1,679,365 0.17% 20,319 $-113,414 Down ×1
PFF iShares Preferred and Income Securities ETF $1,482,027 0.15% 48,607 $-110,379 Down ×1
CSX CSX Corporation - Common Stock $1,471,719 0.15% 30,964 $200,647
PAYX Paychex, Inc. - Common Stock $1,449,974 0.15% 14,746 $27,641 Down ×6
CI The Cigna Group Common Stock $1,443,736 0.15% 5,237 $21,692 Down ×1
VO Vanguard Morningstar Mid-Cap ETF $1,431,004 0.15% 17,761 $235,186 Up ×6
FDS FactSet Research Systems Inc. Common Stock $1,429,487 0.15% 6,213 $-900,117 Down ×6
GEV GE Vernova Inc. Common Stock $1,413,356 0.15% 1,204 $417,377 Up ×1
NKE Nike, Inc. Common Stock $1,366,924 0.14% 33,299 $-3,532,976 Down ×6
QQQ Invesco QQQ Trust, Series 1 $1,363,076 0.14% 1,851 $935,962 Up ×1
AMT American Tower Corporation (REIT) Common Stock $1,361,721 0.14% 8,325 $-321,624 Down ×6
VYMI Vanguard International High Dividend Yield ETF $1,347,206 0.14% 13,719 $668,113 Up ×1
IBM International Business Machines Corporation Common Stock $1,312,547 0.14% 4,668 $238,395 Up ×1
TRMB Trimble Inc. - Common Stock $1,269,776 0.13% 24,810 $-355,103 Down ×6
ULTA Ulta Beauty, Inc. - Common Stock $1,258,234 0.13% 2,790 $-218,944 Down ×6
ETN Eaton Corporation, PLC Ordinary Shares $1,248,105 0.13% 2,929 $204,782 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $1,148,581 0.12% 9,230 $-1,554,508 Down ×6
EFA iShares Trust $1,098,427 0.11% 10,574 $119,939 Up ×5
ORCL Oracle Corporation Common Stock $1,086,522 0.11% 7,414 $180,325 Up ×1
MKC McCormick & Company, Incorporated Common Stock $1,062,551 0.11% 21,074 $-4,807,101 Down ×6
TMO Thermo Fisher Scientific Inc Common Stock $1,054,861 0.11% 2,104 $-128,252 Down ×6
GWW W.W. Grainger, Inc. Common Stock $1,040,706 0.11% 765 $593,474 Up ×1
ROST Ross Stores, Inc. - Common Stock $1,031,258 0.11% 4,845 $-18,314
APD Air Products and Chemicals, Inc. Common Stock $1,024,664 0.11% 3,495 $9,401
TSLA Tesla, Inc. - Common Stock $1,016,170 0.11% 2,416 $-103,541 Down ×1
SBUX Starbucks Corporation - Common Stock $1,004,221 0.10% 9,827 $119,341 Down ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
LLY $31,467,046 3.26% up ×3
COST $23,779,647 2.46% up ×4
AMZN $23,699,338 2.46% up ×3
HEI $16,750,903 1.74% up ×3
APH $12,181,948 1.26% up ×6
VTV $7,765,500 0.80% up ×3
SNPS $4,842,536 0.50% up ×5
VEA $4,351,737 0.45% up ×5
VXUS $4,259,967 0.44% up ×3
IVV $3,456,876 0.36% up ×4
DKS $3,058,079 0.32% up ×6
VTI $3,055,050 0.32% up ×6
SPHQ $2,170,329 0.22% up ×3
VB $1,888,134 0.20% up ×4
VO $1,431,004 0.15% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
NOVT $523,549 3,227 0.05%
STT $467,927 2,759 0.05%
DELL $406,867 943 0.04%
FENI $334,283 8,330 0.03%
AMD $328,214 565 0.03%
DGRW $298,430 3,121 0.03%
NULG $283,871 2,425 0.03%
D $276,916 4,055 0.03%
MU $267,795 232 0.03%
VGT $248,363 2,078 0.03%
SUSA $231,450 1,500 0.02%
VOT $222,986 728 0.02%
MRVL $219,247 736 0.02%
FLRN $209,996 6,807 0.02%
SPYX $209,268 3,425 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
GOOGL Trimmed -2K +$12.3M
INTU Trimmed -2K -$9.0M
AAPL Trimmed -2K +$8.9M
LLY Bought more +625 +$7.9M
BR Trimmed -19K -$5.4M
XOM Trimmed -1K -$5.1M
TJX Trimmed -7K -$4.3M
HEI Bought more +1K +$4.2M
AMZN Bought more +5K +$4.0M
APH Bought more +4K +$3.9M

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
FTV Sept. 30, 2025 11,166 $582,084 18.2%
UNH June 30, 2025 761 $398,574 20.6%
ZTS June 30, 2026 3,210 $379,454 -0.7%
ASET Dec. 31, 2025 7,800 $261,877 No longer tracked
DUK Sept. 30, 2025 2,209 $260,662 -6.5%
IWD Dec. 31, 2025 1,240 $252,452
WST June 30, 2025 1,125 $251,865 70.3%
COP June 30, 2025 2,334 $245,117 44.1%
POOL Sept. 30, 2025 822 $239,597 -49.0%
FISV June 30, 2026 4,237 $236,425 -7.3%
BDX March 31, 2026 1,214 $235,601 14.7%
ROP June 30, 2026 663 $234,609 7.1%
BF-B (filed as BFB) March 31, 2026 8,870 $231,152 No longer tracked
ADBE June 30, 2026 932 $226,551 16.1%
BP June 30, 2026 4,781 $224,707 21.8%
CARR Dec. 31, 2025 3,750 $223,875 6.2%
HII June 30, 2026 581 $220,722 -5.8%
FNLC June 30, 2025 8,680 $214,570 32.8%
WM March 31, 2026 973 $213,778 -9.5%
CMI Dec. 31, 2025 505 $213,297 4.9%
VGT March 31, 2026 281 $211,813 48.8%
AFL June 30, 2025 1,893 $210,483 7.7%
SUSA March 31, 2026 1,500 $209,018 20.6%
BLK March 31, 2026 192 $205,505 12.2%
RMD March 31, 2026 850 $204,740 -1.7%
BAC Sept. 30, 2025 4,293 $203,145 4.8%
VRTX June 30, 2025 416 $201,685 12.8%
WBA Sept. 30, 2025 10,000 $114,800 No longer tracked