Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +30.2%
S&P 500 total return (same window) +37.0%
Excess return -6.8%

Annualized: +23.5% · 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: 99.8% · Options excluded: 0.0%

Sector breakdown

04
Technology 37.9%
Financials 14.1%
Industrials 12.5%
Energy 12.1%
Communication Services 8.5%
Retail 7.4%
Healthcare 2.7%
Consumer Discretionary 1.2%
Materials 0.7%
Other/Unmapped 2.8%

Full portfolio 34 positions

05
Type Streak 8Q trend
AVGO Broadcom Inc. - Common Stock $3,909,383 12.56% 10,349 $697,264 Down ×4
AAPL Apple Inc. - Common Stock $3,375,129 10.84% 11,664 $392,369 Down ×4
MPC Marathon Petroleum Corporation Common Stock $3,124,692 10.04% 12,222 $140,787 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $2,624,828 8.43% 6,160 $404,434 Down ×4
JPM JP Morgan Chase & Co. Common Stock $2,214,677 7.12% 6,766 $230,236 Up ×1
MSFT Microsoft Corporation - Common Stock $1,748,034 5.62% 4,686 $22,372 Up ×1
MSI Motorola Solutions, Inc. Common Stock $1,692,090 5.44% 4,074 $-106,342 Down ×4
CB Chubb Limited Common Stock $1,517,910 4.88% 4,455 $46,385 Down ×6
AMD Advanced Micro Devices, Inc. - Common Stock $1,072,941 3.45% 1,847
NVDA NVIDIA Corporation - Common Stock $844,935 2.71% 4,223 $108,606 Up ×1
AMZN Amazon.com, Inc. - Common Stock $764,356 2.46% 3,207 $110,180 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $723,677 2.33% 2,025 $199,922 Up ×1
WMT Walmart Inc. - Common Stock $714,734 2.30% 6,311 $-78,082 Down ×4
XOM Exxon Mobil Corporation Common Stock $639,230 2.05% 4,675 $-152,655 Up ×3
HD Home Depot, Inc. (The) Common Stock $579,893 1.86% 1,644 $-114,214 Down ×4
TT Trane Technologies plc $578,079 1.86% 1,177 $133,772 Up ×3
TXN Texas Instruments Incorporated - Common Stock $562,160 1.81% 1,886 $196,012
V Visa Inc. $424,022 1.36% 1,236 $75,005 Up ×2
TSLA Tesla, Inc. - Common Stock $382,325 1.23% 909 $-29,946 Down ×1
JNJ Johnson & Johnson Common Stock $374,022 1.20% 1,473 $-29,031 Down ×5
ADI Analog Devices, Inc. - Common Stock $287,284 0.92% 723 $54,207 Down ×6
UPS United Parcel Service, Inc. Common Stock $259,223 0.83% 2,411 $25,477 Up ×2
TJX TJX Companies, Inc. (The) Common Stock $258,179 0.83% 1,704 $9,344 Up ×1
VZ Verizon Communications Inc. Common Stock $244,221 0.78% 5,768 $-71,341 Down ×2
VOO Vanguard S&P 500 ETF $241,712 0.78% 352
RJDI Carillon Series Trust $237,705 0.76% 8,107 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $235,627 0.76% 567
CME CME Group Inc. - Class A Common Stock $228,794 0.74% 1,036 $-81,836 Down ×4
APD Air Products and Chemicals, Inc. Common Stock $227,626 0.73% 776 $-1,980 Down ×4
ABBV AbbVie Inc. Common Stock $221,587 0.71% 881 $-18,662 Down ×4
LMT Lockheed Martin Corporation Common Stock $213,799 0.69% 420 $-38,216 Up ×2
UNP Union Pacific Corporation Common Stock $210,944 0.68% 776
SCHD SCHWAB STRATEGIC TRUST $203,498 0.65% 6,417 Up ×1
NFJ Virtus Dividend, Interest & Premium Strategy Fund Common Shares of Beneficial Interest $184,689 0.59% 12,159 $34,006 Up ×6

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
XOM $639,230 2.05% up ×3
TT $578,079 1.86% up ×3
NFJ $184,689 0.59% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
AMD $1,072,941 1,847 3.45%
VOO $241,712 352 0.78%
RJDI $237,705 8,107 0.76%
UNH $235,627 567 0.76%
UNP $210,944 776 0.68%
SCHD $203,498 6,417 0.65%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AVGO Trimmed -29 +$697K
ETN Trimmed -48 +$404K
AAPL Trimmed -89 +$392K
JPM Bought more +20 +$230K
GOOGL Bought more +204 +$200K
TXN Price move only +0 +$196K
XOM Bought more +8 -$153K
MPC Bought more +2 +$141K
TT Bought more +111 +$134K
HD Trimmed -466 -$114K

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
MRK June 30, 2025 33,708 $3,025,649 76.4%
O Sept. 30, 2025 42,289 $2,436,296 -11.2%
MDT Sept. 30, 2025 25,885 $2,256,409 -8.7%
VZ Sept. 30, 2025 47,197 $2,042,220 4.3%
FIS Sept. 30, 2025 23,803 $1,937,773 -50.5%
CMI Sept. 30, 2025 5,409 $1,771,443 24.1%
CMCSA Sept. 30, 2025 48,889 $1,744,844 -31.7%
PEG Sept. 30, 2025 20,104 $1,692,351 -18.5%
BBY Sept. 30, 2025 17,481 $1,173,511 14.3%
NEE Sept. 30, 2025 16,800 $1,166,241 0.9%
PG Sept. 30, 2025 4,391 $699,577 -5.4%
AMD Sept. 30, 2025 4,069 $577,391 289.3%
CRM Sept. 30, 2025 2,019 $550,606 -2.3%
IBM Sept. 30, 2025 1,738 $512,328 -21.6%
GS Sept. 30, 2025 634 $448,714 12.5%
SPGI Sept. 30, 2025 846 $446,248 -20.6%
MCD Sept. 30, 2025 1,408 $411,416 -24.3%
MS Sept. 30, 2025 2,901 $408,635 18.3%
NXPI Sept. 30, 2025 1,838 $401,621 5.3%
FISV Sept. 30, 2025 2,308 $397,922 -64.6%
CVX Sept. 30, 2025 2,759 $395,112 31.5%
IUSV Sept. 30, 2025 4,108 $388,740
ORI Sept. 30, 2025 10,000 $384,400 -10.5%
UL (filed as ULXXXX) Sept. 30, 2025 6,101 $373,198 -10.6%
RTX Sept. 30, 2025 2,521 $368,116 9.8%
WMB Sept. 30, 2025 5,847 $367,250 11.8%
KO Sept. 30, 2025 5,148 $364,233 28.8%
FANG Sept. 30, 2025 2,648 $363,845 29.5%
PNR Sept. 30, 2025 3,411 $350,173 -53.1%
PAYX Sept. 30, 2025 2,335 $339,649 -21.4%
ARES Sept. 30, 2025 1,948 $337,394 -27.3%
ALL Sept. 30, 2025 1,661 $334,372 2.7%
HLI Sept. 30, 2025 1,851 $333,087 -39.1%
COP Sept. 30, 2025 3,529 $316,695 33.8%
CMG Sept. 30, 2025 5,613 $315,170 -21.4%
AXP Sept. 30, 2025 960 $306,221 -9.1%
WSO Sept. 30, 2025 690 $304,718 -28.7%
DUK Sept. 30, 2025 2,581 $304,506 -8.1%
RJF Sept. 30, 2025 1,961 $300,706 -8.6%
STE Sept. 30, 2025 1,251 $300,475 -15.1%
CAT Sept. 30, 2025 752 $291,775 77.3%
LAMR Sept. 30, 2025 2,363 $286,774 17.5%
IQV Sept. 30, 2025 1,814 $285,868 37.6%
SNA Sept. 30, 2025 911 $283,485 5.5%
TECH Sept. 30, 2025 5,392 $277,418 30.2%
SO Sept. 30, 2025 3,016 $276,931 -11.3%
META Dec. 31, 2025 372 $273,469 11.9%
FROG Sept. 30, 2025 6,226 $273,197 104.9%
MDLZ Sept. 30, 2025 4,022 $271,244 -7.1%
GEV Sept. 30, 2025 507 $268,279 59.2%
MANH Sept. 30, 2025 1,349 $266,387 1.1%
KDP Sept. 30, 2025 7,865 $260,017 20.4%
LHX June 30, 2025 1,215 $254,354 -5.7%
DXCM Sept. 30, 2025 2,873 $250,784 27.2%
BFAM Sept. 30, 2025 1,967 $243,102 -40.4%
DRI Dec. 31, 2025 1,275 $242,676 7.3%
AMGN Sept. 30, 2025 865 $241,517 42.0%
BIL Sept. 30, 2025 2,616 $239,966
SPG Sept. 30, 2025 1,485 $238,729 6.7%
LECO Sept. 30, 2025 1,147 $237,796 15.6%
COST Sept. 30, 2025 239 $236,596 -1.0%
RBC Sept. 30, 2025 614 $236,267 31.8%
EXR Sept. 30, 2025 1,591 $234,577 -6.1%
UNH March 31, 2026 706 $233,105 36.9%
CTRA Sept. 30, 2025 9,115 $231,339 No longer tracked
WSM Sept. 30, 2025 1,410 $230,352 19.2%
SIGI Sept. 30, 2025 2,605 $225,723 5.5%
GOLF Sept. 30, 2025 3,096 $225,451 6.5%
ACN June 30, 2025 712 $222,172 -34.0%
EXLS Sept. 30, 2025 5,044 $220,877 -18.1%
BAC Sept. 30, 2025 4,651 $220,085 5.2%
UNP March 31, 2026 930 $215,038 13.6%
SSD Sept. 30, 2025 1,382 $214,638 3.2%
MA Sept. 30, 2025 376 $211,289 -1.2%
VOO March 31, 2026 336 $210,930 18.7%
GMED Sept. 30, 2025 3,563 $210,288 32.3%
RFG Sept. 30, 2025 4,250 $207,196 17.2%
RGA Sept. 30, 2025 1,041 $206,493 30.3%
CRAI Sept. 30, 2025 1,101 $206,294 -17.4%
NFLX Sept. 30, 2025 154 $206,226 -94.4%
GOOG Sept. 30, 2025 1,146 $203,372 40.1%
EW Sept. 30, 2025 2,589 $202,486 11.8%
HON Sept. 30, 2025 866 $201,674 8.1%
JCI March 31, 2026 1,683 $201,541 19.1%
CNS June 30, 2025 2,495 $200,224 -4.0%
NMRK Sept. 30, 2025 10,453 $127,004 -32.2%