Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -0.5%
S&P 500 total return (same window) +37.0%
Excess return -37.5%

Annualized: -0.4% · 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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Retail 51.8%
Financials 15.7%
Consumer Discretionary 14.8%
Consumer Staples 6.8%
Industrials 6.2%
Consumer products 4.8%

Full portfolio 15 positions

05
Type Streak 8Q trend
HD Home Depot, Inc. (The) Common Stock $7,053,600 16.91% 20,000 $475,800
ULTA Ulta Beauty, Inc. - Common Stock $6,764,700 16.22% 15,000
JPM JP Morgan Chase & Co. Common Stock $6,546,600 15.69% 20,000 $-807,400 Down ×1
DPZ Domino's Pizza Inc - Common Stock $4,229,227 10.14% 14,286 $2,220,003 Up ×2
UBER Uber Technologies, Inc. Common Stock $2,577,122 6.18% 35,714 $563,082 Up ×1
RH RH Common Stock $2,353,333 5.64% 14,286 $-4,637,667 Down ×1
WMT Walmart Inc. - Common Stock $2,022,484 4.85% 17,857 Up ×1
MCD McDonald's Corporation Common Stock $1,930,554 4.63% 7,142 $190,130 Up ×2
CELH Celsius Holdings, Inc. - Common Stock $1,464,000 3.51% 50,000 $-3,858,000 Down ×1
CHWY Chewy, Inc. Class A Common Stock $1,403,580 3.36% 71,429 $-864,420 Down ×1
PEP PepsiCo, Inc. - Common Stock $1,354,000 3.25% 10,000
AN AutoNation, Inc. Common Stock $1,326,912 3.18% 7,142 $-1,601,988 Down ×1
KMB Kimberly-Clark Corporation - Common Stock $1,097,700 2.63% 10,000 $-8,549,300 Down ×1
CL Colgate-Palmolive Company Common Stock $916,800 2.20% 10,000 $-3,344,700 Down ×1
TSCO Tractor Supply Company - Common Stock $677,371 1.62% 21,429 $-228,629 Up ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ULTA $6,764,700 15,000 16.22%
WMT $2,022,484 17,857 4.85%
PEP $1,354,000 10,000 3.25%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
RH Trimmed -36K -$4.6M
CELH Trimmed -100K -$3.9M
CL Trimmed -40K -$3.3M
DPZ Bought more +9K +$2.2M
AN Trimmed -8K -$1.6M
CHWY Trimmed -13K -$864K
JPM Trimmed -5K -$807K
UBER Bought more +8K +$563K
HD Price move only +0 +$476K
TSCO Bought more +1K -$229K

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
MA Dec. 31, 2025 29,167 $16,590,481 -3.3%
BJ Dec. 31, 2025 175,001 $16,318,843 5.5%
V Dec. 31, 2025 46,667 $15,931,180 2.8%
PEP Dec. 31, 2025 100,000 $14,044,000 -12.3%
BBWI Dec. 31, 2025 500,000 $12,880,000 -20.0%
COST March 31, 2026 13,163 $11,350,981 -7.6%
TGT Dec. 31, 2025 100,000 $8,970,000 59.6%
CL Dec. 31, 2025 100,000 $7,994,000 6.6%
LULU Sept. 30, 2025 30,000 $7,127,400 -46.9%
CELH June 30, 2025 200,000 $7,124,000 -42.3%
CPRT Dec. 31, 2025 116,667 $5,246,515 -30.5%
EL Dec. 31, 2025 58,334 $5,140,392 -12.2%
SBUX Dec. 31, 2025 58,334 $4,935,056 12.5%
GPN Dec. 31, 2025 58,334 $4,846,389 1.3%
LOW June 30, 2026 20,000 $4,725,600 -18.0%
ULTA Sept. 30, 2025 10,000 $4,678,200 -0.6%
CHWY Sept. 30, 2025 100,000 $4,262,000 -55.1%
HSY March 31, 2026 21,939 $3,992,459 -22.9%
RACE June 30, 2026 10,000 $3,384,500 4.3%
MTH Dec. 31, 2025 46,667 $3,380,091 -3.0%
DHI June 30, 2026 20,000 $2,744,400 -17.1%
TOL June 30, 2026 20,000 $2,729,400 -17.1%
WHR June 30, 2026 50,000 $2,696,000 -23.1%
ONON Dec. 31, 2025 58,334 $2,470,445 -33.6%
MTH June 30, 2026 30,000 $1,855,200 -23.9%
LEN March 31, 2026 17,550 $1,804,140 -8.1%
NKE June 30, 2026 28,000 $1,478,960 -17.5%
VIK June 30, 2026 16,800 $1,234,464 -23.0%
ETSY June 30, 2025 25,000 $1,179,500 45.1%
KVUE Sept. 30, 2025 50,000 $1,046,500 6.0%
WRBY June 30, 2025 50,000 $911,500 23.3%
YETI Sept. 30, 2025 25,000 $788,000 23.2%
CMG Sept. 30, 2025 12,500 $701,875 -17.4%
SWK Sept. 30, 2025 10,000 $677,500 22.9%