Performance vs S&P 500

03
Tracked Q1 2025–Q3 2026 +10.2%
S&P 500 total return (same window) +39.9%
Excess return -29.8%

Annualized: +6.7% · S&P 500: +25.1%

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: 95.1% · Options excluded: 0.0%

Sector breakdown

04
Communication Services 25.2%
Technology 25.0%
Financials 19.7%
Consumer Discretionary 9.1%
Retail 6.9%
Industrials 5.1%
Healthcare 3.1%
Consumer Staples 0.7%
Consumer products 0.5%
Energy 0.1%
Other/Unmapped 4.7%

Full portfolio 85 positions

05
Type Streak 8Q trend
GOOG Alphabet Inc. - Class C Capital Stock $50,406,800 15.42% 147,933 $-897,283 Up ×6
AAPL Apple Inc. - Common Stock $49,312,197 15.09% 148,076 $5,825,627 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $26,462,853 8.10% 36,491 $6,143,980 Up ×6
V Visa Inc. $22,076,231 6.75% 61,437 $1,000,388 Up ×6
BKNG Booking Holdings Inc. - Common Stock $16,951,480 5.19% 104,054 $-1,523,765 Up ×4
NVDA NVIDIA Corporation - Common Stock $15,417,096 4.72% 67,506 $2,831,568 Up ×6
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $12,614,069 3.86% 25,332 $19,253 Up ×4
MA Mastercard Incorporated Common Stock $11,827,209 3.62% 21,447 $817,997 Up ×6
AMZN Amazon.com, Inc. - Common Stock $11,014,672 3.37% 44,209 $1,941,068 Up ×4
MSFT Microsoft Corporation - Common Stock $9,976,079 3.05% 19,450 $2,754,922 Up ×5
UBER Uber Technologies, Inc. Common Stock $7,014,465 2.15% 102,386 $-520,049 Down ×1
MRSH Marsh Common Stock $5,966,162 1.83% 34,945 $-17,794 Down ×2
FND Floor & Decor Holdings, Inc. Common Stock $5,716,630 1.75% 124,790 $-1,797,515 Down ×1
SPY SPY $5,538,581 1.69% 7,262 $309,707 Up ×6
JNJ Johnson & Johnson Common Stock $4,820,639 1.47% 18,209 $202,415 Up ×1
NFLX Netflix, Inc. - Common Stock $4,642,099 1.42% 66,716 $231,007 Up ×6
LLY Eli Lilly and Company Common Stock $3,145,288 0.96% 2,718 $200,343 Up ×6
DPZ Domino's Pizza Inc - Common Stock $3,132,473 0.96% 10,455 $-123,280 Down ×5
JPM JP Morgan Chase & Co. Common Stock $2,917,181 0.89% 8,818 $36,776 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $2,781,390 0.85% 6,097 $11,006 Up ×6
SBUX Starbucks Corporation - Common Stock $2,668,733 0.82% 28,403 $-260,333 Down ×6
WFC Wells Fargo & Company Common Stock $2,664,924 0.82% 33,291 $-85,676 Up ×6
GGG Graco Inc. Common Stock $2,539,239 0.78% 33,046 $31,605 Down ×2
TREX Trex Company, Inc. Common Stock $2,496,249 0.76% 57,306 $-475,076 Down ×4
COST Costco Wholesale Corporation - Common Stock $2,221,119 0.68% 2,440 $-45,368 Up ×2
KNSL Kinsale Capital Group, Inc. Common Stock $2,164,372 0.66% 6,706 $13,012 Up ×6
UNP Union Pacific Corporation Common Stock $2,051,701 0.63% 7,539 $1,349 Up ×5
RACE Ferrari N.V. Common Shares $2,031,820 0.62% 5,172 $98,890 Down ×1
QSR Restaurant Brands International Inc. Common Shares $1,763,996 0.54% 24,817 $-35,488
QQQ Invesco QQQ Trust, Series 1 $1,574,859 0.48% 2,129 $150,950 Up ×3
MSCI MSCI Inc. Common Stock $1,400,628 0.43% 2,600 $-30,655 Up ×6
VRSN VeriSign, Inc. - Common Stock $1,278,720 0.39% 4,534 $138,121
ONON On Holding AG Class A Ordinary Shares $1,246,255 0.38% 42,089 $-85,147 Up ×6
VTI Vanguard Morningstar Total Stock Market ETF $1,168,205 0.36% 3,122 $13,110
KO Coca-Cola Company (The) Common Stock $1,166,869 0.36% 13,556 $67,736 Up ×1
MCD McDonald's Corporation Common Stock $1,149,588 0.35% 4,978 $-222,303 Down ×3
NVR NVR, Inc. Common Stock $1,101,636 0.34% 179 $-124,776 Down ×1
IVV iShares Core S&P 500 ETF $1,078,317 0.33% 1,408 $23,880
TJX TJX Companies, Inc. (The) Common Stock $1,056,842 0.32% 7,988 $-153,282
BAC Bank of America Corporation Common Stock $1,002,681 0.31% 18,421 $-47,943 Down ×1
NVO Novo Nordisk A/S Common Stock $962,217 0.29% 25,382 $-715,521 Down ×3
AVGO Broadcom Inc. - Common Stock $956,290 0.29% 2,723 $-65,902 Up ×2
SCHF SCHWAB STRATEGIC TRUST $908,612 0.28% 33,077 $141,862 Up ×2
IUSG iShares Core S&P U.S. Growth ETF $888,344 0.27% 4,585 $25,951
LOW Lowe's Companies, Inc. Common Stock $860,466 0.26% 4,669 $26,807 Up ×1
MNST Monster Beverage Corporation - Common Stock $835,480 0.26% 20,074 $-125,912 Up ×1
HD Home Depot, Inc. (The) Common Stock $788,096 0.24% 2,770 $-142,678 Up ×3
TDG Transdigm Group Incorporated Common Stock $745,911 0.23% 689 $-167,868 Up ×6
KLAC KLA Corporation - Common Stock $740,929 0.23% 3,801 $-405,871
SCHX SCHWAB STRATEGIC TRUST $718,881 0.22% 23,963 $13,659
ABNB Airbnb, Inc. - Class A Common Stock $717,302 0.22% 4,465 Up ×1
ADBE Adobe Inc. - Common Stock $643,999 0.20% 2,684 $82,244 Down ×2
TD Toronto Dominion Bank (The) Common Stock $643,414 0.20% 5,474 $-21,350
SCHB SCHWAB STRATEGIC TRUST $638,356 0.20% 21,779 $7,623
CL Colgate-Palmolive Company Common Stock $637,850 0.20% 7,476 $-42,499 Up ×1
ACGL Arch Capital Group Ltd. - Common Stock $510,843 0.16% 5,531 $-26,578 Down ×4
GOOGL Alphabet Inc. - Class A Common Stock $490,671 0.15% 1,426 $-18,950
CNI Canadian National Railway Company Common Stock $487,456 0.15% 4,100 $-1,394
IDXX IDEXX Laboratories, Inc. - Common Stock $459,527 0.14% 880 $-3,740
PAYC Paycom Software, Inc. Common Stock $452,848 0.14% 2,081 $190,733 Down ×5
IWF iShares Trust $432,398 0.13% 3,452 $3,763
MTD Mettler-Toledo International, Inc. Common Stock $426,088 0.13% 282 $65,830
MELI MercadoLibre, Inc. - Common Stock $407,933 0.12% 236 $37,902 Up ×1
BKLN Invesco Exchange-Traded Fund Trust II $397,119 0.12% 19,438 $-30,224 Down ×3
BA Boeing Company (The) Common Stock $390,147 0.12% 2,097 $-101,023 Down ×3
ACN Accenture plc Class A Ordinary Shares (Ireland) $366,740 0.11% 2,000 $117,860
ADP Automatic Data Processing, Inc. - Common Stock $324,426 0.10% 1,257 $42,900
CSCO Cisco Systems, Inc. - Common Stock $317,087 0.10% 2,946 $-28,960
SCHJ SCHWAB STRATEGIC TRUST $304,238 0.09% 12,624 $-80,902 Down ×2
AXP American Express Company Common Stock $287,983 0.09% 947 $68,797 Up ×1
AMGN Amgen Inc. - Common Stock $275,246 0.08% 653 $41,679 Up ×2
PSX Phillips 66 Common Stock $274,552 0.08% 1,075 Up ×1
CELH Celsius Holdings, Inc. - Common Stock $264,310 0.08% 9,664 $-1,187,392 Down ×2
SCYB SCHWAB STRATEGIC TRUST $261,308 0.08% 10,353 $-33,570 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $255,716 0.08% 418 $12,896
IWM iShares Trust $248,156 0.08% 893 $28,827 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $235,977 0.07% 2,414 Up ×1
IWB iShares Trust $233,449 0.07% 561 $3,719
VIG Vanguard Div Appreciation ETF $232,713 0.07% 997 $-3,302
VB Vanguard Morningstar Small-Cap ETF $226,657 0.07% 797 $-14,129 Up ×3
VRSK Verisk Analytics, Inc. - Common Stock $222,170 0.07% 1,324 $-15,417 Up ×1
ROST Ross Stores, Inc. - Common Stock $221,730 0.07% 950 $19,522
ORLY O'Reilly Automotive, Inc. - Common Stock $215,233 0.07% 2,520 $-16,834
SCHG SCHWAB STRATEGIC TRUST $212,864 0.07% 5,924 $12,382
VWO Vanguard FTSE Emerging Markets ETF $201,398 0.06% 3,396 Up ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GOOG $50,406,800 15.42% up ×6
META $26,462,853 8.10% up ×6
V $22,076,231 6.75% up ×6
BKNG $16,951,480 5.19% up ×4
NVDA $15,417,096 4.72% up ×6
BRK-B (filed as BRKB) $12,614,069 3.86% up ×4
MA $11,827,209 3.62% up ×6
AMZN $11,014,672 3.37% up ×4
MSFT $9,976,079 3.05% up ×5
SPY $5,538,581 1.69% up ×6
NFLX $4,642,099 1.42% up ×6
LLY $3,145,288 0.96% up ×6
TSM $2,781,390 0.85% up ×6
WFC $2,664,924 0.82% up ×6
KNSL $2,164,372 0.66% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
ABNB $717,302 4,465 0.22%
PSX $274,552 1,075 0.08%
SCHW $235,977 2,414 0.07%
VWO $201,398 3,396 0.06%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
META Bought more +419 +$6.1M
AAPL Trimmed -2K +$5.8M
NVDA Bought more +5K +$2.8M
MSFT Bought more +91 +$2.8M
AMZN Bought more +6K +$1.9M
FND Trimmed -2K -$1.8M
BKNG Bought more +400 -$1.5M
V Bought more +8 +$1.0M
GOOG Bought more +3K -$897K
MA Bought more +12 +$818K

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
ZTS June 30, 2026 8,654 $1,022,940 12.8%
NKE Sept. 30, 2026 21,282 $873,632 5.4%
TROW June 30, 2025 6,026 $553,583 8.0%
DOCU March 31, 2026 7,290 $498,636 79.9%
POOL March 31, 2026 1,557 $356,175 -1.6%
PDI June 30, 2026 20,250 $346,478 -14.3%
OXY June 30, 2025 6,603 $325,930 52.7%
TSCO Sept. 30, 2026 9,388 $296,758 6.8%
FDS Sept. 30, 2025 623 $278,805 15.6%
CMG June 30, 2026 7,228 $231,368 -19.1%
OTIS March 31, 2026 2,605 $227,547 -2.5%
BLDR June 30, 2026 2,756 $226,901 -37.2%
ADP March 31, 2026 882 $226,857 49.6%
ISRG June 30, 2026 482 $222,197 13.7%
BX March 31, 2026 1,427 $219,958 2.7%
ULTA Dec. 31, 2025 389 $212,686 3.2%
KKR March 31, 2026 1,666 $212,391 -1.3%
CB Sept. 30, 2026 600 $204,444 10.6%
IJK Sept. 30, 2026 1,720 $202,100 0.9%
IJK Sept. 30, 2025 2,210 $201,066 15.3%