Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +44.1%
S&P 500 total return (same window) +37.0%
Excess return +7.1%

Annualized: +34.0% · 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: 95.9% · Options excluded: 0.0%

Sector breakdown

04
Technology 30.0%
Industrials 15.5%
Financials 12.0%
Communication Services 10.7%
Retail 9.1%
Consumer Discretionary 3.6%
Materials 3.6%
Healthcare 2.4%
Consumer Staples 1.7%
Utilities 1.6%
Energy 0.9%
Other/Unmapped 9.1%

Full portfolio 106 positions

05
Type Streak 8Q trend
AMZN Amazon.com, Inc. - Common Stock $24,183,249 5.85% 101,465 $6,254,880 Up ×1
NVDA NVIDIA Corporation - Common Stock $22,308,190 5.39% 111,491 $2,837,630 Down ×6
AAPL Apple Inc. - Common Stock $20,205,800 4.89% 69,829 $2,307,197 Down ×6
GOOGL Alphabet Inc. - Class A Common Stock $20,105,387 4.86% 56,259 $3,917,141 Down ×3
KLAC KLA Corporation - Common Stock $14,774,689 3.57% 48,970 $7,640,499 Up ×1
CAT Caterpillar, Inc. Common Stock $13,159,375 3.18% 12,357 $4,449,561 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $12,369,317 2.99% 21,293 $6,646,628 Down ×2
MSFT Microsoft Corporation - Common Stock $12,090,159 2.92% 32,412 $99,411 Up ×1
TSLA Tesla, Inc. - Common Stock $11,910,499 2.88% 28,318 $1,442,809 Up ×1
XLU XLU $10,789,713 2.61% 237,973 Up ×1
GEV GE Vernova Inc. Common Stock $10,281,377 2.49% 8,751 $2,697,518 Up ×1
ANET Arista Networks, Inc. Common Stock $10,251,901 2.48% 60,348 $2,892,971 Up ×1
PWR Quanta Services, Inc. Common Stock $9,429,750 2.28% 13,096 $2,299,009 Up ×1
JPM JP Morgan Chase & Co. Common Stock $8,556,655 2.07% 26,141 $814,522 Down ×2
BK The Bank of New York Mellon Corporation Common Stock $7,922,434 1.92% 54,785 $1,463,087 Up ×1
APD Air Products and Chemicals, Inc. Common Stock $7,806,117 1.89% 26,626 $-67,033 Down ×1
CDNS Cadence Design Systems, Inc. - Common Stock $7,676,420 1.86% 20,453 $2,065,391 Up ×1
GE GE Aerospace Common Stock $7,616,932 1.84% 20,381 $1,943,056 Up ×6
PNC PNC Financial Services Group, Inc. (The) Common Stock $7,479,180 1.81% 30,376 $1,218,177 Up ×1
LLY Eli Lilly and Company Common Stock $7,123,415 1.72% 5,939
HOOD Robinhood Markets, Inc. - Class A Common Stock $6,720,364 1.63% 67,016 $2,168,809 Up ×5
VST Vistra Corp. Common Stock $6,499,304 1.57% 40,971 $275,603 Down ×1
ETN Eaton Corporation, PLC Ordinary Shares $6,344,074 1.53% 14,888 $1,118,582 Up ×2
MNST Monster Beverage Corporation - Common Stock $6,343,247 1.53% 65,993 $1,610,595 Up ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $6,327,805 1.53% 6,257 $1,118,585 Up ×5
META Meta Platforms, Inc. - Class A Common Stock $6,299,618 1.52% 11,184 $-46,192 Up ×1
AVGO Broadcom Inc. - Common Stock $6,199,489 1.50% 16,412 $1,212,973 Up ×3
DE Deere & Company Common Stock $5,886,065 1.42% 9,279 $814,626 Up ×2
AXP American Express Company Common Stock $5,799,130 1.40% 17,145 $731,913 Up ×6
COST Costco Wholesale Corporation - Common Stock $5,670,790 1.37% 6,062 $-242,655 Up ×5
TJX TJX Companies, Inc. (The) Common Stock $5,623,645 1.36% 37,120 $-222,390 Up ×2
ENTG Entegris, Inc. - Common Stock $5,483,032 1.33% 30,485 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $5,238,858 1.27% 44,903 $-1,171,163 Up ×1
PKG Packaging Corporation of America Common Stock $4,915,602 1.19% 20,630 $600,533 Up ×1
VTI Vanguard Morningstar Total Stock Market ETF $4,867,333 1.18% 13,154 $619,603 Down ×3
SATS EchoStar Corporation - Common stock $4,752,230 1.15% 46,820 $2,350,188 Up ×1
UNP Union Pacific Corporation Common Stock $4,580,902 1.11% 16,842 $689,681 Up ×6
NOW ServiceNow, Inc. Common Stock $4,254,247 1.03% 42,851 Up ×1
ORCL Oracle Corporation Common Stock $4,030,006 0.97% 27,499
XLV SELECT SECTOR SPDR TRUST $3,987,955 0.96% 25,135 Up ×1
MRSH Marsh Common Stock $3,563,023 0.86% 21,378 $-231,666 Down ×6
BE Bloom Energy Corporation Class A Common Stock $3,392,964 0.82% 11,209 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $3,197,849 0.77% 10,735 Up ×1
SPY SPY $3,170,596 0.77% 4,246 $395,307 Down ×4
OKE ONEOK, Inc. Common Stock $3,084,050 0.75% 35,473 $-1,141 Up ×1
SBUX Starbucks Corporation - Common Stock $2,861,248 0.69% 27,999 $353,011 Up ×2
MU Micron Technology, Inc. - Common Stock $2,025,779 0.49% 1,755 $1,394,694 Down ×2
CF CF Industries Holdings, Inc. Common Stock $2,011,471 0.49% 18,580 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,967,919 0.48% 4,735 Up ×1
NFLX Netflix, Inc. - Common Stock $1,947,578 0.47% 27,277 $-467,902 Up ×1
INTC Intel Corporation - Common Stock $1,856,851 0.45% 13,298 $1,258,440 Down ×2
VIG Vanguard Div Appreciation ETF $1,852,022 0.45% 7,827 $173,923 Up ×1
QQQ Invesco QQQ Trust, Series 1 $1,686,695 0.41% 2,290 $403,936 Up ×1
PH Parker-Hannifin Corporation Common Stock $1,351,762 0.33% 1,382 $100,216 Down ×6
RMBS Rambus, Inc. - Common Stock $1,328,595 0.32% 10,009 $462,445 Down ×4
HD Home Depot, Inc. (The) Common Stock $1,241,786 0.30% 3,521 $-61,605 Down ×6
GRNY Fundstrat Granny Shots US Large Cap ETF $1,102,100 0.27% 39,859 $357,786 Up ×6
BA Boeing Company (The) Common Stock $985,371 0.24% 4,552 $79,386
GOOG Alphabet Inc. - Class C Capital Stock $979,431 0.24% 2,772 $180,526 Down ×2
Unknown issuer (CUSIP: 84615Q103) $902,483 0.22% 5,282 Up ×1
SCHD SCHWAB STRATEGIC TRUST $863,713 0.21% 27,238 $-754 Down ×6
SCHB SCHWAB STRATEGIC TRUST $841,817 0.20% 29,068 $103,311 Down ×5
SCHA SCHWAB STRATEGIC TRUST $775,837 0.19% 21,473 $124,111 Down ×6
IVV iShares Trust $678,494 0.16% 906 $86,686
FLEX Flex Ltd. - Ordinary Shares $666,432 0.16% 4,112 $397,260
XLK SELECT SECTOR SPDR TRUST $658,437 0.16% 3,456 $193,819 Down ×2
V Visa Inc. $595,604 0.14% 1,736 $63,057 Down ×6
PM Philip Morris International Inc Common Stock $546,348 0.13% 3,020 $47,021
NAD Nuveen Quality Municipal Income Fund Common Stock $537,789 0.13% 44,372 $27,511
GLD SPDR Gold Shares $535,833 0.13% 1,455 $-164,923 Down ×3
GBCI Glacier Bancorp, Inc. Common Stock $521,216 0.13% 10,105 $69,826
SLV iShares Silver Trust $518,499 0.13% 9,697 $-94,761 Up ×1
JNJ Johnson & Johnson Common Stock $515,302 0.12% 2,029 $21,348 Up ×1
IWM iShares Russell 2000 Index Fund $450,587 0.11% 1,500 $69,989 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $439,482 0.11% 2,378 $117,497 Down ×2
XOM Exxon Mobil Corporation Common Stock $436,718 0.11% 3,194 $-104,998 Up ×1
MA Mastercard Incorporated Common Stock $396,499 0.10% 772 $1,768 Down ×6
CASY Caseys General Stores, Inc. - Common Stock $392,626 0.09% 494 $33,063
BAC Bank of America Corporation Common Stock $353,960 0.09% 6,212 $50,199 Down ×2
CSX CSX Corporation - Common Stock $346,209 0.08% 7,284 $47,201
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $327,755 0.08% 655 $-63,272 Down ×4
GDX VanEck Gold Miners ETF $308,968 0.07% 4,095 $-66,830
LOW Lowe's Companies, Inc. Common Stock $306,300 0.07% 1,389 $-117,768 Down ×6
TRV The Travelers Companies, Inc. Common Stock $305,790 0.07% 926 $36,037 Up ×6
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $300,085 0.07% 574 $10,848 Down ×2
IYW iShares U.S. Technology ETF $295,866 0.07% 1,173 $83,060
USB U.S. Bancorp Common Stock $292,411 0.07% 4,841 $41,906 Up ×4
MCD McDonald's Corporation Common Stock $285,311 0.07% 1,055 $-49,564 Down ×2
AGG iShares Trust $282,390 0.07% 2,853 $-827
ABBV AbbVie Inc. Common Stock $265,407 0.06% 1,055 $32,190 Down ×2
IWF iShares Russell 1000 Growth Fund $258,770 0.06% 2,084 $36,616 Up ×1
WFC Wells Fargo & Company Common Stock $245,110 0.06% 2,966 $-10,916 Down ×1
VAW Vanguard Materials ETF $242,975 0.06% 1,062 $3,664
BSV VANGUARD BOND INDEX FUNDS $238,716 0.06% 3,064 $-1,532
SCHG SCHWAB STRATEGIC TRUST $235,357 0.06% 6,955 $20,494 Down ×3
DFUS Dimensional ETF Trust $234,766 0.06% 2,865 $31,602
RSP Invesco Exchange-Traded Fund Trust $233,576 0.06% 1,098 $-500,224 Down ×1
VV Vanguard Morningstar Large-Cap ETF $232,827 0.06% 677 $30,506
BIV VANGUARD BOND INDEX FUNDS $224,348 0.05% 2,925 $-1,404
DGRO iShares Trust $217,517 0.05% 2,870 $10,416 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
GE $7,616,932 1.84% up ×6
HOOD $6,720,364 1.63% up ×5
MNST $6,343,247 1.53% up ×4
GS $6,327,805 1.53% up ×5
AVGO $6,199,489 1.50% up ×3
AXP $5,799,130 1.40% up ×6
COST $5,670,790 1.37% up ×5
UNP $4,580,902 1.11% up ×6
GRNY $1,102,100 0.27% up ×6
TRV $305,790 0.07% up ×6
USB $292,411 0.07% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
XLU $10,789,713 237,973 2.61%
LLY $7,123,415 5,939 1.72%
ENTG $5,483,032 30,485 1.33%
NOW $4,254,247 42,851 1.03%
ORCL $4,030,006 27,499 0.97%
XLV $3,987,955 25,135 0.96%
BE $3,392,964 11,209 0.82%
MRVL $3,197,849 10,735 0.77%
CF $2,011,471 18,580 0.49%
UNH $1,967,919 4,735 0.48%
Unknown issuer (CUSIP: 84615Q103) $902,483 5,282 0.22%
LRCX $208,865 482 0.05%
CRWD $208,337 273 0.05%
IBM $207,533 738 0.05%
WU $60,060 7,800 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
KLAC Bought more +44K +$7.6M
AMD Trimmed -7K +$6.6M
AMZN Bought more +15K +$6.3M
CAT Bought more +63 +$4.4M
GOOGL Trimmed -36 +$3.9M
ANET Bought more +412 +$2.9M
NVDA Trimmed -152 +$2.8M
GEV Bought more +63 +$2.7M
SATS Bought more +26K +$2.4M
AAPL Trimmed -696 +$2.3M

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
ORCL Dec. 31, 2025 32,493 $9,138,284 -26.9%
XLE June 30, 2026 139,285 $8,532,626 19.5%
FBTC June 30, 2026 135,225 $7,982,332
LRCX March 31, 2026 41,869 $7,167,184 61.8%
AXON March 31, 2026 11,058 $6,280,170 -3.0%
ISRG Sept. 30, 2025 11,429 $6,210,633 -9.1%
CVX June 30, 2026 29,874 $6,180,844 24.6%
IBIT Dec. 31, 2025 94,567 $6,146,855 -2.2%
GRMN Dec. 31, 2025 24,767 $6,098,011 40.8%
PANW March 31, 2026 32,720 $6,027,024 153.7%
XLB June 30, 2026 114,079 $5,700,509 No longer tracked
SPGI March 31, 2026 10,893 $5,692,344 -8.1%
ACN June 30, 2025 17,101 $5,336,196 -34.7%
CRWD March 31, 2026 11,106 $5,206,049 -30.2%
FETH June 30, 2026 247,038 $5,158,153
ETHA Dec. 31, 2025 160,019 $5,042,199
AMGN June 30, 2026 13,187 $4,639,671 11.3%
PPG June 30, 2026 39,858 $4,260,023 -13.2%
EXPE March 31, 2026 14,271 $4,043,163 12.7%
DE Sept. 30, 2025 7,797 $3,964,750 49.2%
VRT March 31, 2026 24,190 $3,919,033 1.2%
NOC June 30, 2026 5,666 $3,865,620 -6.5%
EMR March 31, 2026 27,957 $3,710,399 23.9%
ABT Sept. 30, 2025 25,262 $3,435,933 -25.3%
IBB June 30, 2026 20,239 $3,417,299 9.3%
ILF June 30, 2026 95,531 $3,393,261 12.2%
TPL June 30, 2026 7,102 $3,370,325 -21.2%
AU Sept. 30, 2025 67,835 $3,091,254 34.3%
LYV Dec. 31, 2025 15,127 $2,471,752 19.8%
SOFI March 31, 2026 93,177 $2,439,374 0.3%
PGR Sept. 30, 2025 8,892 $2,372,923 -13.9%
WTW Dec. 31, 2025 6,503 $2,246,461 -12.3%
MRK June 30, 2026 17,571 $2,113,671 8.6%
MSTR Dec. 31, 2025 6,540 $2,107,384 8.2%
XLI June 30, 2025 15,641 $2,050,051 15.3%
TT June 30, 2026 4,130 $1,721,136 -4.2%
WMT June 30, 2026 13,170 $1,636,768 -7.2%
AVGO June 30, 2025 8,040 $1,346,055 31.5%
TMO June 30, 2025 2,505 $1,246,488 66.9%
XEL June 30, 2025 5,629 $398,477 5.0%
OGE June 30, 2025 8,000 $367,680 1.3%
SKT June 30, 2025 8,000 $270,320 13.1%
EFA March 31, 2026 2,754 $264,449
NVO March 31, 2026 5,058 $257,351 2.1%
BND March 31, 2026 3,355 $248,488
COP March 31, 2026 2,646 $247,651 -2.7%
LLY March 31, 2026 227 $243,952 24.3%
GBTC Dec. 31, 2025 2,600 $233,402 -3.1%
IBM March 31, 2026 771 $228,378 -8.6%
NKE June 30, 2026 4,273 $225,700 -17.3%
PSX March 31, 2026 1,651 $212,995 48.1%
VDE June 30, 2025 1,626 $210,908
PG June 30, 2025 1,237 $210,766 -8.4%
WY Sept. 30, 2025 8,048 $206,751 -25.4%
VDE Dec. 31, 2025 1,626 $204,648
PSX June 30, 2025 1,649 $203,562 126.1%