Performance vs S&P 500

03
Tracked Q1 2025–Q1 2026 -3.1%
S&P 500 total return (same window) +19.3%
Excess return -22.4%

Annualized: -3.1% · S&P 500: +19.3%

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: 96.7% · Options excluded: 0.0%

Sector breakdown

04
Technology 31.7%
Healthcare 16.5%
Communication Services 15.8%
Financials 14.8%
Industrials 13.2%
Consumer Discretionary 1.5%
Retail 1.4%
Energy 1.2%
Utilities 0.7%
Consumer Staples 0.4%
Other/Unmapped 2.8%

Full portfolio 56 positions

05
Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $14,303,423 12.48% 49,741 $-4,358,014 Down ×1
NVDA NVIDIA Corporation - Common Stock $12,278,598 10.71% 70,405 $-935,077 Down ×1
MSFT Microsoft Corporation - Common Stock $8,641,551 7.54% 23,345 $-3,126,408 Down ×3
V Visa Inc. $6,129,005 5.35% 20,279 $-1,135,950 Down ×3
LLY Eli Lilly and Company Common Stock $5,459,389 4.76% 5,936 $-961,290 Down ×1
AAPL Apple Inc. - Common Stock $5,367,910 4.68% 21,151 $-424,072 Down ×3
MCK McKesson Corporation Common Stock $4,998,671 4.36% 5,776 $213,605 Down ×1
SYK Stryker Corporation Common Stock $4,711,379 4.11% 14,338 $-429,188 Down ×3
MA Mastercard Incorporated Common Stock $4,539,173 3.96% 9,085 $-749,071 Down ×3
GWW W.W. Grainger, Inc. Common Stock $4,457,119 3.89% 4,086 $252,402 Down ×3
INTU Intuit Inc. - Common Stock $4,227,349 3.69% 9,777 $-2,467,572 Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $3,508,742 3.06% 7,322
META Meta Platforms, Inc. - Class A Common Stock $3,449,413 3.01% 6,029 $-593,652 Down ×3
AVGO Broadcom Inc. - Common Stock $3,097,338 2.70% 10,007
RTX RTX Corporation Common Stock $2,733,845 2.38% 14,172 $198,707 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $2,448,548 2.14% 6,846 $168,389 Down ×3
JNJ Johnson & Johnson Common Stock $2,406,597 2.10% 9,845 $1,946,786 Up ×5
ADP Automatic Data Processing, Inc. - Common Stock $2,211,121 1.93% 10,883 $-687,729 Down ×3
SPGI S&P Global Inc. Common Stock $1,999,098 1.74% 4,700 Up ×1
BKNG Booking Holdings Inc. - Common Stock $1,705,849 1.49% 405 $-5,970,185 Down ×3
APH Amphenol Corporation Common Stock $1,451,230 1.27% 11,485 $109,560 Up ×1
NOW ServiceNow, Inc. Common Stock $1,326,530 1.16% 12,688
UBER Uber Technologies, Inc. Common Stock $985,297 0.86% 13,698 $-221,478 Down ×2
COWZ Pacer Funds Trust $829,672 0.72% 13,262 $301,086 Up ×1
XOM Exxon Mobil Corporation Common Stock $748,662 0.65% 4,413 $220,269 Up ×3
TSCO Tractor Supply Company - Common Stock $726,035 0.63% 16,027 $-116,496 Down ×1
CRM Salesforce, Inc. Common Stock $634,198 0.55% 3,397 $-3,317,001 Down ×3
CVX Chevron Corporation Common Stock $575,658 0.50% 2,782 $167,611 Up ×2
SO Southern Company (The) Common Stock $512,307 0.45% 5,308 $41,749 Down ×1
AMZN Amazon.com, Inc. - Common Stock $429,661 0.37% 2,063 $37,036 Up ×2
ABBV AbbVie Inc. Common Stock $423,640 0.37% 1,948 $-56,596 Down ×1
PEP PepsiCo, Inc. - Common Stock $420,603 0.37% 2,708 $45,083 Up ×5
ADBE Adobe Inc. - Common Stock $408,617 0.36% 1,681 $-207,715 Down ×3
UTG CUSIP: 756158101 $402,188 0.35% 10,239 $62,209 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $372,124 0.32% 1,877 $-159,288 Down ×3
CSCO Cisco Systems, Inc. - Common Stock $348,146 0.30% 4,487 $-37,312 Down ×1
FIX Comfort Systems USA, Inc. Common Stock $344,751 0.30% 250
FSK FS KKR Capital Corp. Common Stock $337,492 0.29% 33,152
AMGN Amgen Inc. - Common Stock $331,091 0.29% 941 Up ×1
VXUS Vanguard Total International Stock ETF $327,640 0.29% 4,249 Up ×1
MDT Medtronic plc. Ordinary Shares $320,951 0.28% 3,704 $-24,385 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $316,964 0.28% 2,635
ED Consolidated Edison, Inc. Common Stock $306,605 0.27% 2,709 $34,965 Down ×1
VUG VANGUARD INDEX FUNDS $303,728 0.26% 695 $-377,253 Down ×3
NSEP Innovator Growth-100 Power Buffer ETF - September $284,401 0.25% 13,530 $-20,910 Down ×2
WM Waste Management, Inc. Common Stock $273,910 0.24% 1,192 $3,008 Down ×1
XLU XLU $263,159 0.23% 5,735 Up ×1
IBKR Interactive Brokers Group, Inc. - Class A Common Stock $251,385 0.22% 3,748
COST Costco Wholesale Corporation - Common Stock $243,256 0.21% 244
HD Home Depot, Inc. (The) Common Stock $231,867 0.20% 705 $-37,563 Down ×1
GEV GE Vernova Inc. Common Stock $227,827 0.20% 261
EVG Eaton Vance Short Diversified Income Fund Eaton Vance Short Duration Diversified Income Fund Common Shares of Beneficial Interest $227,761 0.20% 21,306 $-4,901
CB Chubb Limited Common Stock $218,047 0.19% 669
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF $214,447 0.19% 6,356 $-30,475 Down ×3
MMT MFS Multimarket Income Trust Common Stock $191,688 0.17% 41,491 $-1,245
ACP abrdn Income Credit Strategies Fund Common Shares $150,496 0.13% 29,509 $-9,148

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
JNJ $2,406,597 2.10% up ×5
XOM $748,662 0.65% up ×3
PEP $420,603 0.37% up ×5
MDT $320,951 0.28% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
BRK-B (filed as BRKB) $3,508,742 7,322 3.06%
AVGO $3,097,338 10,007 2.70%
SPGI $1,999,098 4,700 1.74%
NOW $1,326,530 12,688 1.16%
FIX $344,751 250 0.30%
FSK $337,492 33,152 0.29%
AMGN $331,091 941 0.29%
VXUS $327,640 4,249 0.29%
MRK $316,964 2,635 0.28%
XLU $263,159 5,735 0.23%
IBKR $251,385 3,748 0.22%
COST $243,256 244 0.21%
GEV $227,827 261 0.20%
CB $218,047 669 0.19%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BKNG Trimmed -1K -$6.0M
GOOGL Trimmed -10K -$4.4M
MSFT Trimmed -988 -$3.1M
INTU Trimmed -330 -$2.5M
V Trimmed -436 -$1.1M
LLY Trimmed -39 -$961K
NVDA Trimmed -446 -$935K
MA Trimmed -178 -$749K
ADP Trimmed -386 -$688K
META Trimmed -96 -$594K

2 positions 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
FISV Dec. 31, 2025 33,106 $4,268,357 -34.0%
BRK-B (filed as BRKB) Dec. 31, 2025 7,463 $3,751,949 No longer tracked
AVGO Dec. 31, 2025 5,913 $1,950,758 2.6%
FSK Dec. 31, 2025 45,745 $682,966 -25.9%
SEZL Dec. 31, 2025 6,000 $477,180 69.2%
MGK June 30, 2025 1,387 $476,460 27.5%
TCHP March 31, 2026 6,704 $334,261
BX Dec. 31, 2025 1,572 $268,576 -27.5%
FIX Dec. 31, 2025 319 $263,232 85.2%
NOW Dec. 31, 2025 274 $252,157 -12.3%
ANET Dec. 31, 2025 1,727 $251,641 58.2%
PLTR Dec. 31, 2025 1,289 $235,139 6.2%
UPS Sept. 30, 2025 2,239 $226,005 11.4%
MRK Dec. 31, 2025 2,685 $225,352 37.1%
PAYX Dec. 31, 2025 1,739 $220,436 -11.8%
PANW Dec. 31, 2025 1,080 $219,910 118.9%
CALF Dec. 31, 2025 4,681 $204,957
IBKR Dec. 31, 2025 2,872 $197,622 37.3%
LOW Dec. 31, 2025 778 $195,519 -25.0%
GEV Dec. 31, 2025 294 $180,781 51.3%
COST Dec. 31, 2025 191 $176,908 6.8%
AFL Dec. 31, 2025 1,462 $163,271 1.2%
CLS Dec. 31, 2025 661 $162,857 31.0%
WFC Dec. 31, 2025 1,810 $151,727 -13.7%
CB Dec. 31, 2025 525 $148,181 6.0%
SPY Dec. 31, 2025 239 $133,741 No longer tracked