Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +50.7%
S&P 500 total return (same window) +37.0%
Excess return +13.7%

Annualized: +38.8% · 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: 98.2% · Options excluded: 51.9%

Sector breakdown

04
Industrials 28.1%
Retail 9.7%
Health Care 6.4%
Financials 4.1%
Technology 3.2%
Communication Services 2.7%
Materials 1.7%
Consumer Discretionary 1.6%
Real Estate 1.1%
Energy 0.9%
Consumer products 0.5%
Other/Unmapped 39.8%

Full portfolio 120 positions

05
Type Streak 8Q trend
SPY SPY $156,821,700 19.28% 2,100 Put option $33,257,100 Up ×2
IWM iShares Trust $105,157,500 12.93% 3,500 Put option $5,957,500 Down ×3
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $28,133,600 3.46% 400 Put option $-8,872,000 Down ×1
FLEX Flex Ltd. - Ordinary Shares $22,048,165 2.71% 136,041 $10,136,409 Down ×4
APH Amphenol Corporation Common Stock $20,671,228 2.54% 117,237 $5,008,629 Down ×6
TTMI TTM Technologies, Inc. - Common Stock $14,711,180 1.81% 78,661 $7,112,420 Up ×2
MTUM iShares Trust $13,713,200 1.69% 400 Put option Up ×1
USFD US Foods Holding Corp. Common Stock $12,816,015 1.58% 125,340 $1,258,414
ORLY O'Reilly Automotive, Inc. - Common Stock $12,603,161 1.55% 136,857 $-113,926 Down ×2
MOD Modine Manufacturing Company Common Stock $11,034,869 1.36% 41,326 $2,613,085 Up ×1
PFGC Performance Food Group Company Common Stock $10,904,891 1.34% 97,548 $2,548,929
AMZN Amazon.com, Inc. - Common Stock $10,305,345 1.27% 43,238 $1,300,167
VRT Vertiv Holdings, LLC Class A Common Stock $9,606,990 1.18% 28,693 $1,487,697 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $9,098,954 1.12% 25,752 $1,711,735
THC Tenet Healthcare Corporation Common Stock $8,774,987 1.08% 46,905 $-719,013 Down ×2
TMO Thermo Fisher Scientific Inc Common Stock $8,633,921 1.06% 17,221 $824,984 Up ×2
USFD US Foods Holding Corp. Common Stock $8,180,000 1.01% 800 Put option $-1,041,000 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $7,950,275 0.98% 14,114 $-918,884 Down ×3
CON Concentra Group Holdings Parent, Inc. Common Stock $7,883,750 0.97% 265,000 $680,561 Down ×1
CR Crane Company Common Stock $7,762,836 0.95% 34,800 $1,522,362 Down ×1
VSEC VSE Corporation - Common Stock $7,656,121 0.94% 33,506 $1,267,511 Down ×2
ORLY O'Reilly Automotive, Inc. - Common Stock $7,367,200 0.91% 800 Put option $-1,863,800 Down ×1
NVT nVent Electric plc Ordinary Shares $7,313,583 0.90% 43,120 $1,790,617 Down ×2
ZBRA Zebra Technologies Corporation - Class A Common Stock $7,109,910 0.87% 27,000 Up ×1
ELAN Elanco Animal Health Incorporated Common Stock $6,936,968 0.85% 281,876 $2,704,325 Up ×1
RRX Regal Rexnord Corporation Common Stock $6,889,408 0.85% 28,924 $1,473,100
LFUS Littelfuse, Inc. - Common Stock $6,829,950 0.84% 15,000 $1,251,715 Down ×1
PFGC Performance Food Group Company Common Stock $6,617,968 0.81% 592 Put option $1,478,368 Down ×1
SAIA Saia, Inc. - Common Stock $6,426,059 0.79% 15,258 $1,595,900 Up ×1
GNRC Generac Holdlings Inc. Common Stock $6,295,415 0.77% 21,500 Up ×1
COHR Coherent Corp. Common Stock $6,104,423 0.75% 15,475 $387,383 Down ×2
NXPI NXP Semiconductors N.V. - Common Stock $6,011,608 0.74% 21,457 $901,453 Down ×3
ON ON Semiconductor Corporation - Common Stock $5,919,433 0.73% 62,613 $765,522 Down ×1
MAS Masco Corporation Common Stock $5,849,771 0.72% 71,891 $1,630,451 Up ×1
ADI Analog Devices, Inc. - Common Stock $5,768,894 0.71% 14,525 $1,513,370 Up ×1
EQIX Equinix, Inc. - Common Stock $5,741,484 0.71% 5,508 $832,442 Up ×1
CLH Clean Harbors, Inc. Common Stock $5,687,901 0.70% 19,039 $-88,275 Down ×1
AJG Arthur J. Gallagher & Co. Common Stock $5,677,266 0.70% 24,730 $-33,299 Down ×2
SHW Sherwin-Williams Company (The) Common Stock $5,676,460 0.70% 16,486 $415,593 Up ×1
CLS Celestica, Inc. Common Stock $5,400,499 0.66% 14,804 $1,192,200 Down ×1
CRH CRH PLC Ordinary Shares $5,386,915 0.66% 50,345 $1,429,673 Up ×1
CDNL Cardinal Infrastructure Group Inc. - Class A Common Stock $5,369,400 0.66% 57,000 $4,402,013 Up ×1
XBI SPDR SERIES TRUST $5,359,295 0.66% 33,866 $1,033,591
SHW Sherwin-Williams Company (The) Common Stock $5,336,960 0.66% 155 Put option $-272,665 Down ×1
WCN Waste Connections, Inc. Common Shares $5,215,397 0.64% 31,288 $559,217 Up ×1
UMBF UMB Financial Corporation - Common Stock $5,030,149 0.62% 35,235 $135,740 Down ×4
WCC WESCO International, Inc. Common Stock $4,736,536 0.58% 13,712 $984,659
IDXX IDEXX Laboratories, Inc. - Common Stock $4,700,385 0.58% 8,931 $-598,800 Down ×2
KRE SPDR SERIES TRUST $4,630,071 0.57% 61,858 $600,022
TTI Tetra Technologies, Inc. Common Stock $4,532,000 0.56% 400,000
SKY Champion Homes, Inc. Common Stock $4,406,000 0.54% 50,000 $2,433,559 Up ×1
BWA BorgWarner Inc. Common Stock $4,316,000 0.53% 65,000 Up ×1
LPLA LPL Financial Holdings Inc. - Common Stock $4,221,538 0.52% 14,987 $-1,182,572 Down ×3
CWST Casella Waste Systems, Inc. - Class A Common Stock $4,170,570 0.51% 43,000 $41,478 Down ×2
FCFS FirstCash Holdings, Inc. - Common Stock $4,110,080 0.51% 19,000 $2,029,484 Up ×1
VSEC VSE Corporation - Common Stock $3,884,500 0.48% 170 Put option $195,500 Down ×1
DBD Diebold Nixdorf Incorporated Common stock $3,825,900 0.47% 45,000 $-597,223 Down ×6
VLTO Veralto Corp Common Stock $3,724,560 0.46% 42,000 Up ×1
APH Amphenol Corporation Common Stock $3,614,560 0.44% 205 Put option $-4,598,190 Down ×3
ODFL Old Dominion Freight Line, Inc. - Common Stock $3,543,302 0.44% 16,361 $49,467 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $3,533,300 0.43% 100 Call option Up ×1
WELL Welltower Inc. Common Stock $3,407,728 0.42% 15,014 $-1,438,935 Down ×1
RBC RBC Bearings Incorporated Common Stock $3,330,434 0.41% 5,171 $-1,552,215 Down ×3
COO The Cooper Companies, Inc. - Common Stock $3,324,691 0.41% 46,363 $-705,264 Down ×4
HCA HCA Healthcare, Inc. Common Stock $3,295,740 0.41% 8,453 $-688,468 Up ×1
RRX Regal Rexnord Corporation Common Stock $3,215,565 0.40% 135 Put option $-436,005 Down ×1
KNX Knight-Swift Transportation Holdings Inc. $3,114,800 0.38% 40,000 Up ×1
SSB SouthState Bank Corporation Common Stock $3,112,185 0.38% 31,153 $-695,291 Down ×2
SXT Sensient Technologies Corporation Common Stock $3,082,250 0.38% 25,000 Up ×1
ROAD Construction Partners, Inc. - Common Stock $3,012,364 0.37% 25,363 $-28,213 Down ×2
KGS Kodiak Gas Services, Inc. Common Stock $3,005,200 0.37% 40,000 Up ×1
GPN Global Payments Inc. Common Stock $2,902,400 0.36% 40,000 $1,496,166 Up ×1
UBER Uber Technologies, Inc. Common Stock $2,886,400 0.35% 40,000
GUSH Direxion Shares ETF Trust $2,878,141 0.35% 93,720 $-664,765 Up ×2
CDW CDW Corporation - Common Stock $2,812,800 0.35% 20,000 Up ×1
THC Tenet Healthcare Corporation Common Stock $2,806,200 0.35% 150 Put option $-968,000 Down ×3
FTDR Frontdoor, Inc. - Common Stock $2,715,650 0.33% 35,000 $-603,958 Down ×1
AMG Affiliated Managers Group, Inc. Common Stock $2,586,053 0.32% 7,642 $471,512
SIG Signet Jewelers Limited Common Shares $2,586,000 0.32% 30,000 Up ×1
YUM Yum! Brands, Inc. $2,548,808 0.31% 15,944 $-215,160 Down ×2
AMZN Amazon.com, Inc. - Common Stock $2,383,400 0.29% 100 Call option Up ×1
AJG Arthur J. Gallagher & Co. Common Stock $2,295,700 0.28% 100 Put option
XPO XPO, Inc. Common Stock $2,291,242 0.28% 11,161 $532,121 Up ×1
GPN Global Payments Inc. Common Stock $2,176,800 0.27% 300 Call option $157,800
HD Home Depot, Inc. (The) Common Stock $1,939,740 0.24% 5,500 $-1,290,289 Down ×1
Q Qnity Electronics, Inc. Common Stock $1,928,201 0.24% 11,807 $669,751 Up ×1
OLLI Ollie's Bargain Outlet Holdings, Inc. - Common Stock $1,922,000 0.24% 25,000 Up ×1
RDNT RadNet, Inc. - Common Stock $1,850,100 0.23% 30,000 Up ×1
APG APi Group Corporation Common Stock $1,805,804 0.22% 42,640 $685,831 Up ×1
MIDD The Middleby Corporation - Common Stock $1,720,100 0.21% 10,000 Up ×1
WCN Waste Connections, Inc. Common Shares $1,666,900 0.20% 100 Put option
KNSL Kinsale Capital Group, Inc. Common Stock $1,622,006 0.20% 4,918 $-67,844 Down ×2
ENSG The Ensign Group, Inc. - Common Stock $1,603,000 0.20% 100 Call option Up ×1
VSCO Victorias Secret & Co. Common Stock $1,502,640 0.18% 18,000
TEX Terex Corporation Common Stock $1,447,800 0.18% 200 Call option Up ×1
ZTS Zoetis Inc. Class A Common Stock $1,442,086 0.18% 20,068 $-339,102 Up ×1
CDW CDW Corporation - Common Stock $1,406,400 0.17% 100 Call option Up ×1
ST Sensata Technologies Holding plc Ordinary Shares $1,193,500 0.15% 25,000 Up ×1
TPR Tapestry, Inc. Common Stock $1,144,252 0.14% 7,817 $41,195
TTMI TTM Technologies, Inc. - Common Stock $1,140,822 0.14% 61 Put option $-2,755,978 Down ×2

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MTUM $13,713,200 400 1.69%
ZBRA $7,109,910 27,000 0.87%
GNRC $6,295,415 21,500 0.77%
TTI $4,532,000 400,000 0.56%
BWA $4,316,000 65,000 0.53%
VLTO $3,724,560 42,000 0.46%
GOOG $3,533,300 100 0.43%
KNX $3,114,800 40,000 0.38%
SXT $3,082,250 25,000 0.38%
KGS $3,005,200 40,000 0.37%
UBER $2,886,400 40,000 0.35%
CDW $2,812,800 20,000 0.35%
SIG $2,586,000 30,000 0.32%
AMZN $2,383,400 100 0.29%
AJG $2,295,700 100 0.28%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SPY Bought more +200 +$33.3M
FLEX Trimmed -46K +$10.1M
MDY Trimmed -200 -$8.9M
TTMI Bought more +661 +$7.1M
IWM Trimmed -500 +$6.0M
APH Trimmed -7K +$5.0M
APH Trimmed -445 -$4.6M
PTC Trimmed -18K -$2.8M
TTMI Trimmed -339 -$2.8M
ELAN Bought more +105K +$2.7M

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 57,679 $7,436,553 -25.8%
UNM Sept. 30, 2025 89,453 $7,224,224 16.1%
GDDY Sept. 30, 2025 35,551 $6,401,313 -17.6%
PYPL June 30, 2025 96,639 $6,305,695 -23.3%
RSP March 31, 2026 300 $5,746,800 10.0%
TRMB March 31, 2026 70,000 $5,484,500 -2.7%
ROST March 31, 2026 300 $5,404,200 5.8%
VMC March 31, 2026 17,663 $5,037,841 -3.9%
ITRI June 30, 2026 36,904 $4,641,299 1.3%
AIR June 30, 2025 41,204 $4,524,216 38.5%
AIR Dec. 31, 2025 50,000 $4,483,500 15.1%
CRS Dec. 31, 2025 18,100 $4,444,274 -9.6%
HNGE Dec. 31, 2025 90,000 $4,417,200 140.1%
XYL March 31, 2026 300 $4,085,400 -9.0%
PRI Dec. 31, 2025 14,677 $4,074,188 6.2%
WSBC June 30, 2026 118,115 $4,073,786 0.1%
SSB (filed as SSBXXXX) Sept. 30, 2025 42,785 $3,937,504 6.7%
ALK Dec. 31, 2025 75,000 $3,733,500 -31.6%
GMED Sept. 30, 2025 10,521 $3,665,142 42.2%
HEI June 30, 2026 3,100 $3,564,600 -16.5%
KNF Dec. 31, 2025 43,953 $3,378,667 -24.5%
AON June 30, 2026 100 $3,227,800 -8.5%
TTI March 31, 2026 340,000 $3,185,800 -37.4%
TEAM June 30, 2025 150 $3,183,150 12.1%
DAL June 30, 2025 69,149 $3,014,896 56.1%
TSCO June 30, 2026 62,324 $2,823,277 5.7%
AVY March 31, 2026 15,000 $2,728,200 5.3%
SCI Sept. 30, 2025 32,000 $2,604,800 0.1%
BIRK March 31, 2026 40,231 $2,580,790 -9.1%
ICUI June 30, 2025 9,090 $2,499,480 26.1%
VNT June 30, 2026 70,000 $2,482,900 18.5%
CHE Sept. 30, 2025 5,000 $2,434,650 14.6%
ALH March 31, 2026 118,344 $2,408,300 2.7%
CHWY Sept. 30, 2025 55,038 $2,345,720 -45.8%
PRMB June 30, 2025 66,069 $2,344,789 -33.5%
AMRZ Sept. 30, 2025 45,000 $2,229,750 -18.7%
NCNO Dec. 31, 2025 80,000 $2,169,600 -9.6%
FUN Sept. 30, 2025 71,035 $2,161,595 -70.2%
GAP June 30, 2025 98,782 $2,035,897 2.3%
CART June 30, 2025 500 $1,994,500 24.8%
SCHW June 30, 2026 21,109 $1,983,824 -1.8%
FTDR June 30, 2025 20,843 $1,941,862 43.1%
ITB March 31, 2026 20,000 $1,926,000
AZZ Sept. 30, 2025 200 $1,889,600 21.3%
FROG March 31, 2026 30,000 $1,873,800 114.4%
MUSA June 30, 2025 3,951 $1,856,219 31.4%
BURL March 31, 2026 6,000 $1,733,100 -23.9%
SKWD Sept. 30, 2025 29,702 $1,716,479 27.0%
RBRK Dec. 31, 2025 20,000 $1,645,000 68.3%
WH Dec. 31, 2025 20,000 $1,598,000 -4.2%
GRDN Sept. 30, 2025 70,210 $1,496,175 50.4%
LHX March 31, 2026 5,000 $1,467,850 -26.4%
MRCY March 31, 2026 200 $1,460,200 2.7%
BCO June 30, 2026 13,713 $1,421,078 17.8%
AAMI March 31, 2026 30,000 $1,410,000 69.7%
DOCS June 30, 2026 60,002 $1,398,047 61.0%
OSIS Sept. 30, 2025 6,000 $1,348,560 -20.8%
BRO Dec. 31, 2025 14,000 $1,313,060 -8.4%
TREX Dec. 31, 2025 25,020 $1,292,783 43.6%
BBWI June 30, 2025 39,515 $1,198,095 -30.1%
TRUP Dec. 31, 2025 26,872 $1,163,020 -21.5%
FTAI June 30, 2025 100 $1,110,300 34.2%
ICLR March 31, 2026 6,000 $1,093,320 67.4%
SARO June 30, 2026 41,564 $1,073,598 -27.2%
SN June 30, 2026 100 $1,059,000 29.0%
CCL June 30, 2026 400 $1,035,200 -8.6%
PRKS Dec. 31, 2025 20,000 $1,034,000 -16.5%
REZI June 30, 2026 30,000 $1,011,300
UBER March 31, 2026 12,000 $980,520 -7.3%
CCI Dec. 31, 2025 10,000 $964,900 -3.3%
BHB Sept. 30, 2025 31,700 $949,732 No longer tracked
PAHC March 31, 2026 25,000 $934,000 -29.8%
PTON Dec. 31, 2025 100,000 $900,000 -12.8%
MD Sept. 30, 2025 54,007 $775,000 74.9%
DNOW Sept. 30, 2025 50,000 $741,500 2.9%
KN Dec. 31, 2025 30,000 $699,300 50.1%
IESC Dec. 31, 2025 1,638 $651,351 9.8%
PBI June 30, 2025 59,270 $536,394 59.0%
NICE June 30, 2026 4,814 $530,792 33.4%
GL Dec. 31, 2025 3,500 $500,395 10.7%
WAL March 31, 2026 5,124 $430,775 7.4%
ARMK Sept. 30, 2025 10,000 $418,700 36.9%
MTZ March 31, 2026 1,500 $326,055 -46.8%
VSCO Sept. 30, 2025 10,460 $193,719 No longer tracked
SCHL Dec. 31, 2025 5,278 $144,512 29.9%