Performance vs S&P 500

03
Tracked Q1 2025–Q3 2026 +47.6%
S&P 500 total return (same window) +39.9%
Excess return +7.7%

Annualized: +29.6% · 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: 98.3% · Options excluded: 0.0%

Sector breakdown

04
Technology 32.5%
Communication Services 13.0%
Financials 11.8%
Industrials 10.0%
Healthcare 8.4%
Retail 6.6%
Consumer products 2.6%
Consumer Discretionary 2.2%
Utilities 2.1%
Materials 2.1%
Real Estate 1.8%
Consumer Staples 1.8%
Energy 1.5%
Other/Unmapped 3.6%

Full portfolio 114 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $266,456,884 7.66% 1,166,726 $43,321,718 Up ×1
AAPL Apple Inc. - Common Stock $225,456,871 6.48% 677,007 $33,060,250 Up ×5
MSFT Microsoft Corporation - Common Stock $196,405,310 5.65% 382,931 $69,395,357 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $116,699,893 3.35% 339,165 $-389,886 Up ×5
AMZN Amazon.com, Inc. - Common Stock $112,909,299 3.25% 453,178 $2,922,063 Down ×1
MU Micron Technology, Inc. - Common Stock $93,245,055 2.68% 87,545 $-17,307,070 Down ×4
META Meta Platforms, Inc. - Class A Common Stock $70,021,930 2.01% 96,558 $12,251,471 Down ×4
LITE Lumentum Holdings Inc. - Common Stock $69,786,974 2.01% 71,852 $6,479,307 Down ×3
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $63,010,579 1.81% 68,316 Up ×1
Unknown issuer (CUSIP: 30233Q108) $60,228,241 1.73% 370,066 Up ×1
AVGO Broadcom Inc. - Common Stock $58,180,594 1.67% 165,667 $-17,710,514 Down ×6
JPM JP Morgan Chase & Co. Common Stock $57,646,466 1.66% 174,248 $712,977 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $55,053,703 1.58% 161,571 $-2,380,442 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $51,657,452 1.48% 130,018 $8,820,225 Up ×2
LLY Eli Lilly and Company Common Stock $47,235,477 1.36% 40,823 $-1,694,070 Up ×1
WELL Welltower Inc. Common Stock $47,108,946 1.35% 204,608 $-2,124,252 Down ×6
LRCX Lam Research Corporation - Common Stock $45,648,107 1.31% 138,955 $-21,634,175 Down ×6
HWM Howmet Aerospace Inc. Common Stock $42,593,991 1.22% 188,319 $-11,269,153 Down ×6
JNJ Johnson & Johnson Common Stock $41,142,184 1.18% 155,406 $1,520,832 Down ×1
TRV The Travelers Companies, Inc. Common Stock $40,908,096 1.18% 114,746 $2,846,250 Down ×6
PWR Quanta Services, Inc. Common Stock $39,915,291 1.15% 62,124 $-9,087,751 Down ×6
APH Amphenol Corporation Common Stock $39,793,562 1.14% 472,047 $6,549,837 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $38,760,716 1.11% 266,745 $3,687,669 Down ×1
ONTO Onto Innovation Inc. Common Stock $37,857,858 1.09% 122,987 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $37,575,624 1.08% 41,734 $-811,936 Up ×6
SN SharkNinja, Inc. Ordinary Shares $36,440,798 1.05% 202,314 $2,159,187 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $35,215,460 1.01% 327,190 $-3,818,260 Down ×2
DELL Dell Technologies Inc. Class C Common Stock $35,201,834 1.01% 65,437 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $35,044,725 1.01% 70,378 $-114,678 Up ×1
DGX Quest Diagnostics Incorporated Common Stock $33,990,463 0.98% 145,838 $1,266,231 Down ×2
MA Mastercard Incorporated Common Stock $33,756,582 0.97% 61,212 $2,541,001 Up ×1
NDAQ Nasdaq, Inc. - Common Stock $33,684,217 0.97% 366,093 $5,085,011 Up ×2
NOW ServiceNow, Inc. Common Stock $32,904,279 0.95% 245,536
RTX RTX Corporation Common Stock $32,282,122 0.93% 173,887 $-5,584,002 Down ×1
MMM 3M Company Common Stock $32,260,892 0.93% 196,533 $2,066,134 Up ×2
KO Coca-Cola Company (The) Common Stock $32,240,145 0.93% 374,537 $2,009,574 Up ×5
C Citigroup, Inc. Common Stock $31,337,138 0.90% 242,023 $-1,838,840 Up ×1
CME CME Group Inc. - Class A Common Stock $30,964,202 0.89% 118,193 $5,091,097 Up ×5
GEV GE Vernova Inc. Common Stock $30,894,727 0.89% 32,504 $-12,362,443 Down ×5
MCK McKesson Corporation Common Stock $30,471,625 0.88% 35,689 $3,903,973 Up ×1
Unknown issuer (CUSIP: K08588103) $30,352,424 0.87% 133,224 $-5,036,519 Up ×1
ETR Entergy Corporation Common Stock $29,464,140 0.85% 296,838 $-5,645,001 Down ×6
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $29,261,417 0.84% 316,682 $-598,748 Up ×3
BAC Bank of America Corporation Common Stock $28,693,373 0.82% 527,161 $-1,841,126 Down ×1
EHC Encompass Health Corporation Common Stock $28,681,359 0.82% 236,080 $4,939,790 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $27,947,180 0.80% 211,225 $-7,977,712 Down ×3
R Ryder System, Inc. Common Stock $27,690,231 0.80% 121,523 $-1,928,502 Up ×2
NUE Nucor Corporation Common Stock $27,531,776 0.79% 117,783 $-792,223 Down ×3
LTH Life Time Group Holdings, Inc. Common Stock $27,078,520 0.78% 679,000 $-4,799,959 Down ×3
CAT Caterpillar, Inc. Common Stock $27,052,819 0.78% 33,366 $-15,595,361 Down ×1
TDY Teledyne Technologies Incorporated Common Stock $26,868,333 0.77% 44,278 $3,139,364 Up ×2
COP ConocoPhillips Common Stock $25,998,911 0.75% 207,742 $4,562,983 Up ×5
TKO TKO Group Holdings, Inc. Class A Common Stock $25,965,586 0.75% 144,478 $-1,917,661 Up ×6
TRGP Targa Resources, Inc. Common Stock $24,859,329 0.71% 91,966 $683,827 Up ×2
EVR Evercore Inc. Class A Common Stock $24,703,807 0.71% 95,937 $-12,130,097 Down ×3
RL Ralph Lauren Corporation Common Stock $23,715,835 0.68% 66,792 $-3,000,409 Up ×1
ABBV AbbVie Inc. Common Stock $22,980,420 0.66% 87,849 $954,874 Up ×6
VOO Vanguard S&P 500 ETF $22,901,301 0.66% 32,676 $-16,862 Down ×1
PG Procter & Gamble Company (The) Common Stock $22,745,182 0.65% 156,561 $-84,760 Up ×6
WEC WEC Energy Group, Inc. Common Stock $22,329,220 0.64% 221,564 $-3,797,484 Down ×2
AXP American Express Company Common Stock $21,981,260 0.63% 72,283 $-2,032,122 Up ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $21,856,695 0.63% 76,108 Up ×1
ACGL Arch Capital Group Ltd. - Common Stock $21,247,510 0.61% 230,051 $-1,127,344 Down ×1
TXRH Texas Roadhouse, Inc. - Common Stock $21,200,642 0.61% 135,606 $-5,106,463 Down ×1
DAR Darling Ingredients Inc. Common Stock $21,050,768 0.61% 346,743 $1,292,092 Down ×1
COST Costco Wholesale Corporation - Common Stock $20,995,171 0.60% 23,063 $-374,706 Up ×5
VSCO Victorias Secret & Co. Common Stock $19,756,745 0.57% 223,341 Up ×1
AEE Ameren Corporation Common Stock $18,828,634 0.54% 189,461 $-2,580,916 Up ×3
EL Estee Lauder Companies, Inc. (The) Common Stock $18,806,891 0.54% 202,726 Up ×1
GEN Gen Digital Inc. - Common Stock $18,771,169 0.54% 852,460 Up ×1
HD Home Depot, Inc. (The) Common Stock $18,023,010 0.52% 63,352 $-4,623,984 Down ×1
NFLX Netflix, Inc. - Common Stock $17,838,155 0.51% 256,369 $-930,120 Down ×1
URBN Urban Outfitters, Inc. - Common Stock $17,790,659 0.51% 232,923 $46,819 Down ×2
GRDN Guardian Pharmacy Services, Inc. Class A Common Stock $16,227,871 0.47% 397,937 $1,994,290 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $16,117,820 0.46% 108,137 $3,160,137 Up ×1
OUT OUTFRONT Media Inc. Common Stock $15,956,999 0.46% 575,027 $-2,744,604 Up ×1
ANET Arista Networks, Inc. Common Stock $15,504,396 0.45% 76,155 $2,877,555 Up ×1
LIN Linde plc - Ordinary Shares $15,448,469 0.44% 32,547 $-1,706,169 Down ×1
QXO QXO, Inc. Common Stock $15,414,270 0.44% 1,318,586 $-9,923,964 Down ×1
SW Smurfit WestRock plc Ordinary Shares $15,134,238 0.44% 343,180 $2,272,570 Up ×1
IRDM Iridium Communications Inc - Common Stock $15,067,041 0.43% 314,552 $-1,164,281 Up ×1
GKOS Glaukos Corporation Common Stock $14,426,226 0.41% 87,863 $6,738,028 Up ×1
GL Globe Life Inc. Common Stock $12,738,816 0.37% 76,902 $2,650,186 Up ×1
PFGC Performance Food Group Company Common Stock $11,519,919 0.33% 125,887 $-2,566,068 Down ×1
VRT Vertiv Holdings, LLC Class A Common Stock $11,305,615 0.32% 46,851 $-56,832,934 Down ×5
CELH Celsius Holdings, Inc. - Common Stock $10,751,312 0.31% 393,101 $-6,720,825 Down ×2
CHD Church & Dwight Company, Inc. Common Stock $6,106,398 0.18% 64,810 Up ×1
PRM Perimeter Solutions, SA Common Stock $5,746,051 0.17% 218,315 Up ×1
CL Colgate-Palmolive Company Common Stock $5,164,846 0.15% 60,535 $-842,486 Down ×2
Unknown issuer (CUSIP: 922908710) $5,094,900 0.15% 7,216 $2,271,745 Up ×6
TECK Teck Resources Ltd Ordinary Shares $4,969,382 0.14% 75,534 $-3,183,298 Down ×6
VRSN VeriSign, Inc. - Common Stock $3,754,399 0.11% 13,313 $430,034 Up ×1
SPY SPY $3,602,679 0.10% 4,724 $-59,495 Down ×6
SHW Sherwin-Williams Company (The) Common Stock $2,739,713 0.08% 8,475 $-336,786 Down ×1
MCD McDonald's Corporation Common Stock $2,633,871 0.08% 11,405 $-476,046 Down ×1
TMUS T-Mobile US, Inc. - Common Stock $2,464,954 0.07% 15,115 $-6,041,137 Down ×2
AMGN Amgen Inc. - Common Stock $1,952,856 0.06% 4,633 $323,316 Up ×1
QSR Restaurant Brands International Inc. Common Shares $1,759,230 0.05% 24,750 $580,943 Up ×1
V Visa Inc. $1,670,884 0.05% 4,650 $126,979 Up ×1
TXN Texas Instruments Incorporated - Common Stock $1,183,380 0.03% 4,225 $-75,966

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

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

SecurityValue% of portfolioStreak
AAPL $225,456,871 6.48% up ×5
GOOGL $116,699,893 3.35% up ×5
GS $37,575,624 1.08% up ×6
KO $32,240,145 0.93% up ×5
CME $30,964,202 0.89% up ×5
FWONK $29,261,417 0.84% up ×3
COP $25,998,911 0.75% up ×5
TKO $25,965,586 0.75% up ×6
ABBV $22,980,420 0.66% up ×6
PG $22,745,182 0.65% up ×6
COST $20,995,171 0.60% up ×5
AEE $18,828,634 0.54% up ×3
None $5,094,900 0.15% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
STX $63,010,579 68,316 1.81%
Unknown issuer (CUSIP: 30233Q108) $60,228,241 370,066 1.73%
ONTO $37,857,858 122,987 1.09%
DELL $35,201,834 65,437 1.01%
NOW $32,904,279 245,536 0.95%
WAB $21,856,695 76,108 0.63%
VSCO $19,756,745 223,341 0.57%
EL $18,806,891 202,726 0.54%
GEN $18,771,169 852,460 0.54%
CHD $6,106,398 64,810 0.18%
PRM $5,746,051 218,315 0.17%
MRVL $244,394 925 0.01%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
MSFT Bought more +42K +$69.4M
NVDA Bought more +52K +$43.3M
AAPL Bought more +12K +$33.1M
LRCX Trimmed -16K -$21.6M
AVGO Trimmed -35K -$17.7M
MU Trimmed -8K -$17.3M
CAT Trimmed -7K -$15.6M
GEV Trimmed -4K -$12.4M
META Trimmed -6K +$12.3M
EVR Trimmed -12K -$12.1M

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
WDC Sept. 30, 2026 154,944 $98,965,832 -15.7%
CRDO Sept. 30, 2026 237,320 $64,539,174 -17.2%
XOM Sept. 30, 2026 373,813 $51,107,713 10.8%
APP Sept. 30, 2026 75,836 $39,072,982 -9.7%
WFC June 30, 2026 386,044 $30,732,963 0.1%
ASND June 30, 2026 130,992 $29,961,800 -7.8%
EQT June 30, 2026 414,257 $26,363,315 4.4%
NBIX March 31, 2026 182,262 $25,850,219 9.9%
ALGM Sept. 30, 2026 366,493 $25,515,243 -6.7%
AZO Sept. 30, 2026 7,673 $24,522,448 11.2%
NOW March 31, 2026 147,225 $22,553,398 48.7%
VRTX June 30, 2025 44,672 $21,657,879 16.3%
OLLI June 30, 2026 229,108 $21,087,100 12.0%
BRBR Sept. 30, 2025 323,342 $18,731,202 -74.6%
TGTX Sept. 30, 2025 518,015 $18,643,360 54.6%
POST Sept. 30, 2026 208,685 $18,418,538 8.2%
TEAM Sept. 30, 2025 77,741 $15,788,420 37.7%
VICI June 30, 2026 577,037 $15,764,651 -10.6%
MRVL June 30, 2025 252,409 $15,540,822 212.4%
LDOS June 30, 2026 99,461 $15,468,175 35.0%
BMY Sept. 30, 2025 323,077 $14,955,234 35.8%
TTD June 30, 2025 256,342 $14,027,034 -82.2%
CRNX Sept. 30, 2026 348,143 $13,027,511 No longer tracked
REGN June 30, 2025 20,516 $13,011,863 54.3%
IQV June 30, 2026 69,628 $11,874,359 40.9%
GEHC Sept. 30, 2025 155,425 $11,512,330 -6.2%
PODD June 30, 2026 51,858 $10,881,883 -1.8%
MET Sept. 30, 2025 117,694 $9,464,951 21.5%
CORT March 31, 2026 264,297 $9,197,536 117.3%
ALKT June 30, 2025 349,670 $9,178,837 -48.9%
GTLS June 30, 2026 34,450 $7,122,537 No longer tracked
KD Dec. 31, 2025 225,644 $6,776,089 -46.5%
BSX June 30, 2026 105,341 $6,610,148 5.4%
TMO June 30, 2025 9,952 $4,952,115 72.0%
SRPT June 30, 2025 65,857 $4,202,994 8.3%
BLK Sept. 30, 2026 4,172 $4,011,628 7.0%
PEP June 30, 2025 25,514 $3,825,569 0.7%
DE Dec. 31, 2025 7,362 $3,366,348 39.3%
NYT June 30, 2025 60,164 $2,984,134 24.9%
ITRI June 30, 2026 28,750 $2,576,862 4.7%
DKNG June 30, 2025 75,630 $2,511,672 -52.6%
VRRM June 30, 2025 72,250 $1,626,347 -87.5%
CTAS March 31, 2026 4,828 $908,002 26.0%
UNH Sept. 30, 2025 2,830 $882,875 18.7%
UBER Dec. 31, 2025 6,689 $655,321 -19.5%
GPN June 30, 2025 5,055 $494,986 2.8%
DY June 30, 2025 2,827 $430,665 -5.8%
JNJ June 30, 2025 2,400 $398,016 75.1%
VO March 31, 2026 1,155 $335,204 11.6%
KLAC Sept. 30, 2026 910 $274,556 -21.8%
XLY Sept. 30, 2026 1,940 $227,523 No longer tracked
TSLA March 31, 2026 460 $206,871 9.2%
SCHD June 30, 2026 6,606 $202,672 4.7%
IWM March 31, 2026 817 $201,113 12.5%